NIFTY AND BANKNIFTY STRATEGY FOR 18-APR-2018

#.  Nifty was on a bull trend and closed at 10548 level .So today on upside first intra resistance is at 10585-90 level. On downside first support is at 10513-08 level. Market is in bear zone and be very alert.So today for intraday on upside intra resistance are at 10590 and 10619 level On downside be alert below 10508 and avoid all longs below 10478 level as selling may intensify below that level .

#. In the cash market today, FII’s sold 951 crores stock whereas DII’s bought 723  crores worth of stock. In the derivative market, FII’s bought 236 crore of Index futures and bought 547 crores worth of Index options. In the Stock futures segment, FII’s sold 431 crores worth of stock futures and bought 86 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 10624 BULL
R3 10595 UP BREAKOUT
R2 10584 UP CAUTION
R1 10577 SELL
PIVOT 10535
S1 10520 BUY
S2 10513 DOWN CAUTION
S3 10503 DOWN BREAK OUT
S4 10473 BEAR

SGX Nifty
10,610.00 UP+55.50 (+0.53%)

FII Activity on nifty future:

Index Futures: 236.63 Crs
Index Options: 547.492 Crs
Stock Futures: -431.88 Crs
Stock Options: 86.48 Crs

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10559 10535 10574 10602 10641
Sell 10524 10545 10517 10478 10451

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 25354 25310 25422 25522 25634
Sell 25284 25335 25235 25123 25023

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