NIFTY AND BANKNIFTY STRATEGY FOR 17-APR-2018

#.Nifty was on a bull trend and closed at 10528 level .So today on upside first intra resistance is at 10568-73 level. On downside first support is at 10488-83 level.Market is in bear zone and be very alert.So today for intraday on upside intra resistance are at 10573 and 10612 level On downside be alert below 10483 and avoid all longs below 10443 level as selling may intensify below that level .

#. In the cash market today, FII’s sold 308 crores stock whereas DII’s sold 28  crores worth of stock. In the derivative market, FII’s sold 18 crore of Index futures and bought 184 crores worth of Index options. In the Stock futures segment, FII’s bought 37 crores worth of stock futures and sold 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.

NIFTY 50 Cash INTRADAY LEVEL

R4 10685 BULL
R3 10619 UP BREAKOUT
R2 10595 UP CAUTION
R1 10579 SELL
PIVOT 10488
S1 10478 BUY
S2 10462 DOWN CAUTION
S3 10438 DOWN BREAK OUT
S4 10372 BEAR

SGX Nifty
10,543.00 Down -4.00 (-0.04%)

FII Activity on nifty future:

Index Futures: Index Futures: -18.41 Crs
Index Options: 184.102 Crs
Stock Futures: 37.75 Crs
Stock Options: -80.4199 Crs

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10551 10502 10579 10620 10697
Sell 10492 10513 10472 10395 10354

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 25350 25230 25423 25528 25721
Sell 25205 25256 25151 24958 24853

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