NIFTY AND BANKNIFTY STRATEGY FOR 19-APR-2018

#.Nifty was on a bull trend and closed at 10526 level .So today on upside first intra resistance is at 10549-53 level.On downside first support is at 10480-75 level. Market is in bear zone and be very alert.So today for intraday on upside intra resistance are at 10553 and 10577 level On downside be alert below 10475 and avoid all longs below 10436 level as selling may intensify below that level .

#. In the cash market today, FII’s sold -915.71 crores stock whereas DII’s bought 869.7 crores worth of stock.  In the derivative market, FII’s bought 2319.75 crores of Index futures and sold -503.562 crores worth of Index options. In the Stock futures segment, FII’s sold -188.471 crores worth of stock futures and bought 40.4902 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.

NIFTY50 Cash INTRADAY LEVEL

R4 10621 BULL
R3 10583 UP BREAKOUT
R2 10569 UP CAUTION
R1 10560 SELL
PIVOT 10543  
S1 10493 BUY
S2 10483 DOWN CAUTION
S3 10469 DOWN BREAK OUT
S4 10431 BEAR

SGX Nifty
10,587.50 UP +33.00 (+0.31%)

FII Activity on nifty future:

Index Futures:  2319.75 Crs
Index Options: -503.562 Crs
Stock Futures: -188.471 Crs
Stock Options: 40.4902 Crs

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10560 10547 10578 10623 10655
Sell 10523 10557 10512 10481 10436

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 25237 25205 25343 25574 25712
Sell 25087 25230 25000 24862 24631

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