NIFTYdaily1june2018

NIFTY AND BANKNIFTY STRATEGY FOR 1-June-2018

#. Nifty closed on a bullish note at 10736 level .So today on upside first intra resistance is at 10777-82 level. On downside first support is at 10694-89 level. Market is bull zone but be very alert .So today for intraday on upside intra resistance are at 10782 and 10823 level and On downside be alert below 10689 and avoid all longs below 10648 level as selling may intensify below that level

#. In the derivative market, FII’s sold -643.06 crores of Index futures and bought 1284.81 crores worth of Index options. In the Stock futures segment, FII’s bought 1207.72 crores worth of stock futures and bought 100.54 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 10898 BULL
R3 10830 UP BREAKOUT
R2 10805 UP CAUTION
R1 10788 SELL
PIVOT 10705  
S1 10684 BUY
S2 10668 DOWN CAUTION
S3 10643 DOWN BREAK OUT
S4 10574 BEAR

SGX Nifty
10,734.00 UP +18.00 (+0.17%)

FII Activity on nifty future:

Index Futures: -643.06 Crs
Index Options: 1284.81 Crs
Stock Futures: 1207.72 Crs
Stock Options: 100.54 Crs

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10710 10676 10731 10766 10822
Sell 10665 10686 10652 10596 10561

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 26747 26610 26867 27020 27276
Sell 26583 26637 26484 26227 26074

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