NIFTYdaily29May2018

NIFTY AND BANKNIFTY STRATEGY FOR 29-MAY-2018

#. Nifty was on a strong bull trend and closed at 10688 level. So today on upside first intra resistance is at 10717-22 level. On downside first support is at 10659-55 level. Market is in bull zone .So today for intraday on upside intra resistance are at 10722 and 10752 level On downside be alert below 10655 and avoid all longs below 10626 level as selling may intensify below that level.

#. In the cash market today, FII’s sold -795.06 crores stock whereas DII’s bought 1017.65 crores worth of stock.

#. In the derivative market, FII’s bought 479.59 crores of Index futures and bought 480.992 crores worth of Index options. In the Stock futures segment, FII’s bought 438.449 crores worth of stock futures and sold -149.08 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 10805 BULL
R3 10757 UP BREAKOUT
R2 10740 UP CAUTION
R1 10728 SELL
PIVOT 10668
S1 10649 BUY
S2 10638 DOWN CAUTION
S3 10620 DOWN BREAK OUT
S4 10573 BEAR

SGX Nifty
10,668.50 Down -25.50 (-0.24%)

FII Activity on nifty future:

Index Futures: 479.59 Crs
Index Options: 480.992 Crs
Stock Futures: 438.449 Crs
Stock Options: -149.08 Crs

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10687 10664 10704 10734 10773
Sell 10653 10674 10644 10604 10574

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 26562 26459 26692 26855 27087
Sell 26433 26486 26323 26090 25927

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