NIFTY Future Levels

NIFTY AND BANKNIFTY STRATEGY FOR 27-APR-2018

#. Nifty was on a bull trend and closed at 10617 level .So today on upside first intra resistance is at 10655-60 level. On downside first support is at 10580-75 level. Market is in bear zone and be very alert.So today for intraday on upside intra resistance are at 1060 and 10692 level On downside be alert below 10575 and avoid all longs below 10543 level as selling may intensify below that level.

#. In the cash market , FII’s sold -1056.34 crores stock whereas DII’s bought 684.11 crores worth of stock.  In the derivative market, FII’s bought 761.71 crores of Index futures and bought 1897.17 crores worth of Index options. In the Stock futures segment, FII’s bought 1540.78 crores worth of stock futures and bought 370.85 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 10698 BULL
R3 10666 UP BREAKOUT
R2 10655 UP CAUTION
R1 10647 SELL
PIVOT 10602  
S1 10588 BUY
S2 10581 DOWN CAUTION
S3 10569 DOWN BREAK OUT
S4 10538 BEAR

SGX Nifty
10,657.00 UP +40.50 +0.38%

FII Activity on nifty future:

Index Futures: 761.71 Crs
Index Options: 1897.17 Crs
Stock Futures: 1540.78 Crs
Stock Options: 370.85 Crs

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10620 10591 10632 10657 10698
Sell 10581 10602 10577 10536 10511

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 25009 24909 25077 25177 25345
Sell 24884 24934 24835 24666 24567

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