NIFTY AND BANKNIFTY STRATEGY FOR 10-APR-2018

#.Nifty was on a bull trend and closed at 10379 level .So today on upside first intra resistance is at 10398-03 level. On downside first support is at 10360-55 level. Market is in bear zone and be very alert. So today for intraday on upside intra resistance are at 10403 and 10422 level On downside be alert below 10355 and avoid all longs below 10336 level as selling may intensify below that level

#. In the cash market today, FII’s sold 1300 crores stock whereas DII’s bought 359  crores worth of stock. In the derivative market, FII’s sold 231 crore of Index futures and bought 1391 crores worth of Index options. In the Stock futures segment, FII’s sold 458 crores worth of stock futures and sold 11 crores stock options.

Intraday NIFTY view:
Trend: Bear
We are bullish on NIFTY  but suggest you please book profit every level. Follow our calls.

NIFTY50 Cash INTRADAY LEVEL

R4 10459 BULL
R3 10428 UP BREAKOUT
R2 10416 UP CAUTION
R1 10409 SELL
PIVOT 10369  
S1 10350 BUY
S2 10342 DOWN CAUTION
S3 10331 DOWN BREAK OUT
S4 10300 BEAR

SGX Nifty
10,430.00 UP+37.00 (+0.36%)

FII Activity on nifty future:

Index Futures: – 231 Crores

Index Options: + 1391 Crores

Stock Futures: – 458 Crores

Stock Options: -11 Crores

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10402 10380 10418 10447 10485
Sell 10370 10391 10361 10324 10294

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 25110 25026 25205 25330 25509
Sell 25001 25051 24926 24747 24622

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