NIFTYdaily22MAY2018

NIFTY AND BANKNIFTY STRATEGY FOR 22-MAY-2018

#.  Nifty was on a bear trend and closed at 10516 level .So today on upside first intra resistance is at 10548-53 level. On downside first support is at 10485-80 level.Market is in bull zone .So today for intraday on upside intra resistance are at 10553 and 10585 level On downside be alert below 10480 and avoid all longs below 10448 level as selling may intensify below that level .

#. In the cash market today, FII’s sold -496.03 crores stock whereas DII’s bought 1190.56 crores worth of stock.

#. In the derivative market, FII’s sold -673.09 crores of Index futures and bought 1780.29 crores worth of Index options. In the Stock futures segment, FII’s sold -520.279 crores worth of stock futures and bought 69.6396 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 10643 BULL
R3 10591 UP BREAKOUT
R2 10572 UP CAUTION
R1 10559 SELL
PIVOT 10548
S1 10475 BUY
S2 10462 DOWN CAUTION
S3 10443 DOWN BREAK OUT
S4 10390 BEAR

SGX Nifty
10,514.00 -Down 28.50 (-0.27%)

FII Activity on nifty future:

Index Futures: -673.09 Crs
Index Options: 1780.29 Crs
Stock Futures: -520.279 Crs
Stock Options: 69.6396 Crs

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10571 10558 10600 10667 10709
Sell 10523 10569 10502 10460 10393

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 25884 25852 25994 26199 26342
Sell 25763 25878 25673 25530 25325

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