NIFTY AND BANKNIFTY STRATEGY FOR 13-APR-2018

#.  Nifty was on a bull trend and closed at 10458 level .So today on upside first intra resistance is at 10510-44 level. On downside first support is at 10428-20 level. Market is in bear zone and be very alert.So today for intraday on upside intra resistance are at 10510 and 10544 level On downside be alert below 10420  and avoid all longs below 10373level as selling may intensify below that level .

#. In the cash market today, FII’s bought 368.9 crores stock whereas DII’s sold -615.81 crores worth of stock.  In the derivative market, FII’s bought 315.26 crores of Index futures and bought 765.789 crores worth of Index options. In the Stock futures segment, FII’s bought 245.029 crores worth of stock futures and sold -10.8901 crores of stock options.

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

NIFTY 50 INTRADAY LEVEL

R4 10544 BULL
R3 10510 UP BREAKOUT
R2 10498 UP CAUTION
R1 10490 SELL
PIVOT 10441  
S1 10428 BUY
S2 10420 DOWN CAUTION
S3 10407 DOWN BREAK OUT
S4 10373 BEAR

SGX Nifty
10,477.00 UP+9.00 +0.09%

FII Activity on nifty future:

Index Futures: Index Futures: 315.26 Crs
Index Options: 765.789 Crs
Stock Futures: 245.029 Crs
Stock Options: -10.8901 Crs

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10473 10442 10491 10523 10572
Sell 10432 10452 10421 10372 10340

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 25203 25111 25278 25385 25552
Sell 25086 25136 25029 24862 24756

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