NIFTYdaily24MAY2018

NIFTY AND BANKNIFTY STRATEGY FOR 24-MAY-2018

#. Nifty was on a strong bear trend and closed at 10430 level .So today on upside first intra resistance is at 10462-67 level. .On downside first support is at 10397-92 level. Market is in bear zone .So today for intraday on upside intra resistance are at 10467 and 10500 level On downside be alert below 10392 and avoid all longs below 10360 level as selling may intensify below that level .

#. In the derivative market, FII’s sold -1740.0 crores of Index futures and sold -160.945 crores worth of Index options. In the Stock futures segment, FII’s bought 158.97 crores worth of stock futures and sold -1.7998 crores of stock options.

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

NIFTY INTRADAY LEVEL

R4 10560 BULL
R3 10506 UP BREAKOUT
R2 10486 UP CAUTION
R1 10473 SELL
PIVOT 10462  
S1 10387 BUY
S2 10375 DOWN CAUTION
S3 10355 DOWN BREAK OUT
S4 10301 BEAR

SGX Nifty
10,478.50 UP +57.50 (+0.55%)

FII Activity on nifty future:

Index Futures: -1740.0 Crs
Index Options: -160.945 Crs
Stock Futures: 158.97 Crs
Stock Options: -1.7998 Crs

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10468 10455 10501 10581 10627
Sell 10411 10465 10385 10339 10259

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 25683 25651 25765 25941 26055
Sell 25563 25676 25500 25386 25210

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