NIFTYdaily30May2018

NIFTY AND BANKNIFTY STRATEGY FOR 30-MAY-2018

#. Nifty was on a strong bear trend and closed at 10633 level .So today on upside first intra resistance is at 10661-66 level. On downside first support is at 10605-00 level. Market is in bull zone but be alert .So today for intraday on upside intra resistance are at 10666 and 10694 level On downside be alert below 10600 and avoid all longs below 10572 level as selling may intensify below that level.

#. In the derivative market, FII’s sold -336.06 crores of Index futures and bought 1195.3 crores worth of Index options. In the Stock futures segment, FII’s bought 406.52 crores worth of stock futures and sold -80.9395 crores of stock options.

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

NIFTY50  INTRADAY LEVEL

R4 10745 BULL
R3 10699 UP BREAKOUT
R2 10683 UP CAUTION
R1 10672 SELL
PIVOT 10656
S1 10595 BUY
S2 10584 DOWN CAUTION
S3 10567 DOWN BREAK OUT
S4 10521 BEAR

SGX Nifty
10,554.00  down-72.50 (-0.68%)

FII Activity on nifty future:

Index Futures: -336.06 Crs
Index Options: 1195.3 Crs
Stock Futures: 406.52 Crs
Stock Options: -80.9395 Crs

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10646 10633 10676 10741 10784
Sell 10600 10644 10578 10536 10470

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 26299 26266 26401 26632 26767
Sell 26144 26292 26062 25926 25696

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