NIFTY AND BANKNIFTY STRATEGY FOR 20-APR-2018

#. Nifty was on a bull trend and closed at 10565 level .So today on upside first intra resistance is at 10590-95 level. On downside first support is at 10540-35 level. Market is in bear zone and be very alert.So today for intraday on upside intra resistance are at 10595 and 10639 level On downside be alert below 10535 and avoid all longs below 10515 level as selling may intensify below that level .

#. In the cash market today, FII’s sold -624.99 crores stock whereas DII’s bought 448.61 crores worth of stock.  In the derivative market, FII’s bought 791.62 crores of Index futures and bought 69.3438 crores worth of Index options. In the Stock futures segment, FII’s bought 264.37 crores worth of stock futures and sold -14.3901 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.

SGX Nifty
10,537.00 Down -51.00 (-0.48%)

FII Activity on nifty future:

Index Futures: 791.62 Crs
Index Options: 69.3438 Crs
Stock Futures: 264.37 Crs
Stock Options: -14.3901 Crs

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10586 10566 10587 10601 10623
Sell 10555 10577 10562 10541 10527

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 25167 25117 25206 25276 25364
Sell 25092 25142 25073 24984 24914

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