NIFTYdaily

NIFTY AND BANKNIFTY STRATEGY FOR 24-APR-2018

#.Nifty was on a bull trend and closed at 10584 level .So today on upside first intra resistance is at 10618-23 level. On downside first support is at 10550-45 level. Market is in bear zone and be very alert.So today for intraday on upside intra resistance are at 10623 and 10657 level On downside be alert below 10545 and avoid all longs below 10510 level as selling may intensify below that level .

#.In the cash market today, FII’s sold 259 crores stock whereas DII’s bought 387 crores worth of stock. In the derivative market, FII’s bought 176 crore of Index futures and bought 79 crores worth of Index options. In the Stock futures segment, FII’s sold 130 crores worth of stock futures and sold 162 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 10720 BULL
R3 10663 UP BREAKOUT
R2 10643 UP CAUTION
R1 10629 SELL
PIVOT 10579  
S1 10540 BUY
S2 10527 DOWN CAUTION
S3 10506 DOWN BREAK OUT
S4 10450 BEAR

SGX Nifty
10,607.00 Down -15.00 -0.14%

FII Activity on nifty future:

Index Futures: 176.56 Crs
Index Options: 79.4219 Crs
Stock Futures: -130.49 Crs
Stock Options: -162.95 Crs

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10595 10581 10617 10653 10688
Sell 10570 10592 10555 10520 10484

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 24988 24957 25114 25293 25450
Sell 24910 24981 24802 24645 24466

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