NIFTYdaily 14 MAY 2015

NIFTY AND BANKNIFTY STRATEGY FOR 14-MAY-2018

#.Nifty was on a strong bull trend and closed at 10806 level .So today on upside first intra resistance is at 10833-38 level. On downside first support is at 10780-75 level. Market is in bull zone .So today for intraday on upside intra resistance are at 10838 and 10864 level On downside be alert below 10775 and avoid all longs below 10748 level as selling may intensify below that level

#.  In the cash market today, FII’s sold -325.44 crores stock whereas DII’s bought 1163.35 crores worth of stock.  In the derivative market, FII’s bought 863.59 crores of Index futures and sold -623.301 crores worth of Index options. In the Stock futures segment, FII’s bought 560.26 crores worth of stock futures and sold -149.85 crores of stock options.

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

NIFTY50 INTRADAY LEVEL

R4 10914 BULL
R3 10870 UP BREAKOUT
R2 10854 UP CAUTION
R1 10844 SELL
PIVOT 10778  
S1 10769 BUY
S2 10759 DOWN CAUTION
S3 10743 DOWN BREAK OUT
S4 10699 BEAR

SGX Nifty
10,823.50 UP+0.50 +0.01%

FII Activity on nifty future:

Index Futures: 863.59 Crs
Index Options: -623.301 Crs
Stock Futures: 560.26 Crs
Stock Options: -149.85 Crs

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10828 10789 10847 10880 10938
Sell 10778 10800 10768 10710 10677

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 26420 26284 26520 26653 26890
Sell 26257 26310 26177 25941 25807

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