NIFTYdaily31May2018

NIFTY AND BANKNIFTY STRATEGY FOR 31-MAY-2018

#.Nifty closed on a bearish note at 10614 level .So today on upside first intra resistance is at 10640-44 level. On downside first support is at 10589-85 level. Market is bull zone but be very alert .So today for intraday on upside intra resistance are at 10644 and 10668 level and On downside be alert below 10585 and avoid all longs below 10560 level as selling may intensify below that level.

#.In the cash market today, FII’s sold -1286.91 crores stock whereas DII’s bought 492.46 crores worth of stock.

#.In the derivative market, FII’s sold -832.291 crores of Index futures and bought 636.484 crores worth of Index options. In the Stock futures segment, FII’s bought 270.15 crores worth of stock futures and bought 136.61 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.

NIFTY50 INTRADAY LEVEL

R4 10716 BULL
R3 10675 UP BREAKOUT
R2 10660 UP CAUTION
R1 10650 SELL
PIVOT 10607  
S1 10579 BUY
S2 10569 DOWN CAUTION
S3 10554 DOWN BREAK OUT
S4 10513 BEAR

SGX Nifty
10,657.00 UP +25.50 (+0.24%)

FII Activity on nifty future:

Index Futures: -832.291 Crs
Index Options: 636.484 Crs
Stock Futures: 270.15 Crs
Stock Options: 136.61 Crs

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10622 10603 10656 10702 10754
Sell 10593 10614 10567 10515 10469

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 26297 26202 26430 26597 26825
Sell 26176 26228 26062 25834 25668

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