NIFTY AND BANKNIFTY STRATEGY FOR 12-APR-2018

#. Nifty was on a bull trend and closed at 10417 level .So today on upside first intra resistance is at 10457-62 level. On downside first support is at 10377-72 level. Market is in bear zone and be very alert.So today for intraday on upside intra resistance are at 10462 and 10495 level On downside be alert below 10372 and avoid all longs below 10339 level as selling may intensify below that level .

#.  In the cash market today, FII’s bought 362 crores stock whereas DII’s bought 111  crores worth of stock. In the derivative market, FII’s bought 620 crore of Index futures and bought 551 crores worth of Index options. In the Stock futures segment, FII’s sold 201 crores worth of stock futures and bought 80 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 10501 BULL
R3 10467 UP BREAKOUT
R2 10455 UP CAUTION
R1 10448 SELL
PIVOT 10400
S1 10387 BUY
S2 10379 DOWN CAUTION
S3 10367 DOWN BREAK OUT
S4 10334 BEAR

SGX Nifty
10,440.50 UP +22.50 (+0.22%)

FII Activity on nifty future:

Index Futures: + 620.05 Crs
Index Options: +551.156 Crs
Stock Futures:  -201.21 Crs
Stock Options:  +80.1196 Crs

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10433 10404 10450 10481 10527
Sell 10394 10415 10384 10338 10307

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 25116 25068 25214 25343 25490
Sell 25043 25093 24963 24817 24687

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