NIFTYdaily12JUN2018

NIFTY AND BANKNIFTY STRATEGY FOR 12-June-2018

#.Nifty closed on a flat note at 10787 level .So today on upside first intra resistance is at 10832-37 level. On downside first support is at 10741-36 level. Market is bull zone but be very alert .So today for intraday on upside intra resistance are at 10837 and 10875 level and On downside be alert below 10736 and avoid all longs below 10698 level as selling may intensify below that level

#. In the cash market today, FII’s sold -1156.77 crores stock whereas DII’s bought 1062.82 crores worth of stock.

#. In the derivative market, FII’s bought 472.39 crores of Index futures and bought 632.59 crores worth of Index options. In the Stock futures segment, FII’s bought 86.4092 crores worth of stock futures and bought 61.9399 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 10881 BULL
R3 10843 UP BREAKOUT
R2 10829 UP CAUTION
R1 10820 SELL
PIVOT 10802  
S1 10753 BUY
S2 10744 DOWN CAUTION
S3 10731 DOWN BREAK OUT
S4 10693 BEAR

SGX Nifty
10,787.00 Down -4.50 (-0.04%)

FII Activity on nifty future:

Index Futures: 472.39 Crs
Index Options: 632.59 Crs
Stock Futures: 86.4092 Crs
Stock Options: 61.9399 Crs

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10802 10789 10821 10862 10895
Sell 10770 10799 10758 10726 10685

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 26541 26508 26602 26740 26835
Sell 26437 26534 26396 26301 26163

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