NIFTY AND BANKNIFTY STRATEGY FOR 11-APR-2018

#.  Nifty was on a bull trend and closed at 10402 level .So today on upside first intra resistance is at 10427-32 level. Market is in bear zone and be very alert.So today for intraday on upside intra resistance are at 10432 and 10453 level On downside be alert below 10372 and avoid all longs below 10351 level as selling may intensify below that level .

#. In the cash market today, FII’s sold 684 crores stock whereas DII’s bought 653  crores worth of stock. In the derivative market, FII’s bought 1120 crore of Index futures and bought 1243 crores worth of Index options. In the Stock futures segment, FII’s bought 494 crores worth of stock futures and bought 57 crores stock options.

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

NIFTY CASH 50 INTRADAY LEVEL

R4 10458 BULL
R3 10438 UP BREAKOUT
R2 10430 UP CAUTION
R1 10425 SELL
PIVOT 10402  
S1 10379 BUY
S2 10374 DOWN CAUTION
S3 10367 DOWN BREAK OUT
S4 10346 BEAR

SGX Nifty
10,427.00 UP+1.00 +0.01%

FII Activity on nifty future:

Index Futures: 1120.36 Crs
Index Options: 1243.97 Crs
Stock Futures: 494.18 Crs
Stock Options: 57.8301 Crs

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10429 10412 10438 10459 10485
Sell 10402 10423 10401 10376 10354

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 25222 25175 25261 25332 25418
Sell 25150 25201 25130 25044 24974

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