NIFTYdaily5June2018

NIFTY AND BANKNIFTY STRATEGY FOR 05-June-2018

#.Nifty closed on a bearish note at 10628 level .So today on upside first intra resistance is at 10670-75 level. On downside first support is at 10586-81 level.Market is bull zone but be very alert .So today for intraday on upside intra resistance are at 10716 and 10785 level and On downside be alert below 10581 and avoid all longs below 10540 level as selling may intensify below that level.

#. In the derivative market, FII’s bought 553.49 crores of Index futures and sold -443.719 crores worth of Index options. In the Stock futures segment, FII’s sold -1587.03 crores worth of stock futures and bought 15.1802 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 10791 BULL
R3 10722 UP BREAKOUT
R2 10697 UP CAUTION
R1 10681 SELL
PIVOT 10672  
S1 10576 BUY
S2 10560 DOWN CAUTION
S3 10535 DOWN BREAK OUT
S4 10466 BEAR

SGX Nifty
10,584.50 Down -29.00 (-0.27%)

FII Activity on nifty future:

Index Futures: 553.49 Crs
Index Options: -443.719 Crs
Stock Futures: -1587.03 Crs
Stock Options: 15.1802 Crs

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10647 10634 10686 10779 10831
Sell 10583 10645 10552 10500 10408

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 26428 26395 26668 27158 27431
Sell 26151 26422 25931 25659 25168

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