NIFTYdaily20june2018

NIFTY AND BANKNIFTY STRATEGY FOR 20-JUNE-2018

#.Nifty closed on a strong bear note at 10710 level .So today on upside first intra resistance is at 10737-42 level. .On downside first support is at 10683-78 level. Market is bull zone but be very alert .So today for intraday on upside intra resistance are at 10742 and 10769 level and On downside be alert below 10678 and avoid all longs below 10651 level as selling may intensify below that level.

#. In the derivative market, FII’s sold -710.35 crores of Index futures and bought 1695.1 crores worth of Index options. In the Stock futures segment, FII’s sold -282.131 crores worth of stock futures and bought 83.6699 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.

NIFTY50 INTRADAY LEVEL

R4 10820 BULL
R3 10775 UP BREAKOUT
R2 10759 UP CAUTION
R1 10748 SELL
PIVOT 10737  
S1 10673 BUY
S2 10662 DOWN CAUTION
S3 10646 DOWN BREAK OUT
S4 10601 BEAR

SGX Nifty
10,723.50 Down -3.00 (-0.03%)

FII Activity on nifty future:

Index Futures: -710.35 Crs
Index Options: 1695.1 Crs
Stock Futures: -282.131 Crs
Stock Options: 83.6699 Crs

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10736 10723 10746 10778 10802
Sell 10704 10733 10702 10678 10646

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 26291 26258 26324 26403 26469
Sell 26219 26284 26205 26139 26060

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