NIFTYdaily18jun2018

NIFTY AND BANKNIFTY STRATEGY FOR 18-JUNE-2018

#.Nifty closed on a slight bull note at 10817 level .So today on upside first intra resistance is at 10860-65 level. .On downside first support is at 10774-70 level. Market is bull zone but be very alert. So today for intraday on upside intra resistance are at 10865 and 10902 level and On downside be alert below 10770 and avoid all longs below 10733 level as selling may intensify below that level

#. In the cash market today, FII’s sold -1524.74 crores stock whereas DII’s bought 561.01 crores worth of stock.

#. In the derivative market, FII’s bought 603.91 crores of Index futures and bought 3260.11 crores worth of Index options. In the Stock futures segment, FII’s bought 385.119 crores worth of stock futures and bought 90.9297 crores of stock options.

Intraday NIFTY view:
Trend: Bull
We are bearish and holding nifty sell position but suggest you please book profit every level. Follow TheNIFTYFeed positional calls.

NIFTY 50 INTRADAY LEVEL
R4 10908 BULL
R3 10872 UP BREAKOUT
R2 10859 UP CAUTION
R1 10850 SELL
PIVOT 10802
S1 10785 BUY
S2 10777 DOWN CAUTION
S3 10764 DOWN BREAK OUT
S4 10728 BEAR

SGX Nifty
10,782.50 Down -43.50 (-0.40%)

FII Activity on nifty future:

Index Futures: 603.91 Crs
Index Options: 3260.11 Crs
Stock Futures: 385.119 Crs
Stock Options: 90.9297 Crs

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10823 10791 10851 10893 10954
Sell 10780 10801 10760 10699 10657

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 26447 26414 26540 26682 26808
Sell 26371 26440 26298 26172 26029

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