NIFTYdaily 16MAY2018

NIFTY AND BANKNIFTY STRATEGY FOR 16-MAY-2018

#.Nifty was on a flat trend and closed at 10801 level .So today on upside first intra resistance is at 10842-47 level. On downside first support is at 10761-56 level.Market is in bull zone .So today for intraday on upside intra resistance are at 10847 and 10887 level On downside be alert below 10756 and avoid all longs below 10715 level as selling may intensify below that level .

#. In the derivative market, FII’s bought 660.16 crores of Index futures and bought 2867.06 crores worth of Index options. In the Stock futures segment, FII’s sold -145.311 crores worth of stock futures and bought 134.38 crores of stock options.

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

NIFTY50  INTRADAY LEVEL

R4 10961 BULL
R3 10894 UP BREAKOUT
R2 10869 UP CAUTION
R1 10853 SELL
PIVOT 10837  
S1 10751 BUY
S2 10735 DOWN CAUTION
S3 10710 DOWN BREAK OUT
S4 10643 BEAR

SGX Nifty
10,748.00 Down -77.50  (-0.72%)

FII Activity on nifty future:

Index Futures: 660.16 Crs
Index Options: 2867.06 Crs
Stock Futures: -145.311 Crs
Stock Options: 134.38 Crs

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10859 10846 10910 11007 11071
Sell 10802 10857 10760 10696 10599

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 26626 26593 26819 27140 27366
Sell 26472 26620 26299 26073 25753

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