NIFTYdaily28MAY2018

NIFTY AND BANKNIFTY STRATEGY FOR 28-MAY-2018

#. Nifty was on a strong bull trend and closed at 10605 level .So today on upside first intra resistance is at 10637-42 level. On downside first support is at 10573-68 level. Market is in bull zone .So today for intraday on upside intra resistance are at 10642 and 10673 level On downside be alert below 10568 and avoid all longs below 10537 level as selling may intensify below that level.

#. In the cash market today, FII’s sold -768.29 crores stock whereas DII’s bought 887.76 crores worth of stock.

#. In the derivative market, FII’s bought 538.42 crores of Index futures and bought 447.273 crores worth of Index options. In the Stock futures segment, FII’s bought 406.681 crores worth of stock futures and bought 3.9707 crores of stock options.

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

NIFTY50  INTRADAY LEVEL

R4 10731 BULL
R3 10679 UP BREAKOUT
R2 10660 UP CAUTION
R1 10647 SELL
PIVOT 10582  
S1 10563 BUY
S2 10551 DOWN CAUTION
S3 10532 DOWN BREAK OUT
S4 10479 BEAR

SGX Nifty
10,649.50 UP+10.50 (+0.10%)

FII Activity on nifty future:

Index Futures: 538.42 Crs
Index Options: 447.273 Crs
Stock Futures: 406.681 Crs
Stock Options: 3.9707 Crs

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10610 10581 10649 10700 10768
Sell 10570 10591 10540 10472 10421

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 26262 26149 26360 26491 26702
Sell 26123 26175 26045 25834 25703

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