NIFTYdaily 9May2015

NIFTY AND BANKNIFTY STRATEGY FOR 9-MAY-2018

#. Nifty was on a slight bull trend and closed at 10717 level .So today on upside first intra resistance is at 10755-60 level. On downside first support is at 10679-75 level. Market is in bull zone .So today for intraday on upside intra resistance are at 10760 and 10792 level On downside be alert below 10675 and avoid all longs below 10643 level as selling may intensify below that level .

#. In the derivative market, FII’s sold -94.4501 crores of Index futures and bought 879.117 crores worth of Index options. In the Stock futures segment, FII’s bought 460.771 crores worth of stock futures and bought 136.21 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 10798 BULL
R3 10766 UP BREAKOUT
R2 10755 UP CAUTION
R1 10747 SELL
PIVOT 10722  
S1 10688 BUY
S2 10681 DOWN CAUTION
S3 10669 DOWN BREAK OUT
S4 10638 BEAR

SGX Nifty
10,707.00 Down-34.00 (-0.32%)

FII Activity on nifty future:

Index Futures: -94.4501 Crs
Index Options: 879.117 Crs
Stock Futures: 460.771 Crs
Stock Options: 136.21 Crs

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10743 10722 10769 10809 10856
Sell 10711 10733 10693 10646 10606

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 26063 26002 26085 26139 26222
Sell 25976 26028 25974 25891 25837

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