NIFTYdaily 15MAY2018

NIFTY AND BANKNIFTY STRATEGY FOR 15-MAY-2018

#.Nifty was on a flat trend and closed at 10806 level .So today on upside first intra resistance is at 10839-44 level. On downside first support is at 10773-68 level. Market is in bull zone .So today for intraday on upside intra resistance are at 10844 and 10871 level On downside be alert below 10768 and avoid all longs below 10741 level as selling may intensify below that level.

#.  In the cash market today, FII’s bought 717.99 crores stock whereas DII’s bought 687.23 crores worth of stock.

#. In the derivative market, FII’s bought 200.86 crores of Index futures and sold -1358.54 crores worth of Index options. In the Stock futures segment, FII’s bought 117.92 crores worth of stock futures and bought 5.87012 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 10878 BULL
R3 10850 UP BREAKOUT
R2 10840 UP CAUTION
R1 10834 SELL
PIVOT 10805  
S1 10779 BUY
S2 10773 DOWN CAUTION
S3 10763 DOWN BREAK OUT
S4 10736 BEAR

SGX Nifty
10,785.00 Down -24.00 (-0.22%)

FII Activity on nifty future:

Index Futures: 200.86 Crs
Index Options: -1358.54 Crs
Stock Futures: 117.92 Crs
Stock Options: 5.87012 Crs

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10823 10809 10843 10877 10910
Sell 10798 10820 10787 10753 10719

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 26474 26434 26558 26676 26801
Sell 26408 26460 26343 26218 26100

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