Nifty level today 4-May 2018

NIFTY AND BANKNIFTY STRATEGY FOR 4-MAY-2018

#.Nifty was on a slight bear trend and closed at 10679 level .So today on upside first intra resistance is at 10719-24 level. On downside first support is at 10639-35 level. Market is in bear zone and be very alert.So today for intraday on upside intra resistance are at 10724 and 10758 level On downside be alert below 10635 and avoid all longs below 10601 level as selling may intensify below that level .

#. In the cash market today, FII’s sold -148.42 crores stock whereas DII’s sold -578.92 crores worth of stock.  In the derivative market, FII’s bought 578.35 crores of Index futures and bought 1855.62 crores worth of Index options. In the Stock futures segment, FII’s bought 74.2402 crores worth of stock futures and bought 207.07 crores of stock options.

Intraday NIFTY view:
Trend: Bear
We are Bearish on NIFTY  but suggest you please book profit every level. Follow our calls.

NIFTY50 Cash INTRADAY LEVEL

R4 10764 BULL
R3 10730 UP BREAKOUT
R2 10718 UP CAUTION
R1 10710 SELL
PIVOT 10683  
S1 10649 BUY
S2 10641 DOWN CAUTION
S3 10629 DOWN BREAK OUT
S4 10596 BEAR

SGX Nifty
10,658.00 Down -48.50   (-0.45%)

FII Activity on nifty future:

Index Futures: Index Futures: 578.35 Crs
Index Options: 1855.62 Crs
Stock Futures: 74.2402 Crs
Stock Options: 207.07 Crs

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10715 10698 10736 10771 10809
Sell 10687 10709 10674 10636 10601

BankNIFTY Future Levels to watch:

BANKNIFTY

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 25731 25650 25790 25881 26020
Sell 25624 25676 25585 25445 25354

1518714583_tmp_Contact_US_HD

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s