NIFTYdaily22JUN2018

NIFTY AND BANKNIFTY STRATEGY FOR 22-JUNE-2018

#.Nifty closed on a bear note at 10741 level .So today on upside first intra resistance is at 10764-69 level. On downside first support is at 10718-14 level.Market is bull zone but be very alert .So today for intraday on upside intra resistance are at 10769 and 10791 level and On downside be alert below 10714 and avoid all longs below 10690 level as selling may intensify below that level

#. In the derivative market, FII’s bought 267.82 crores of Index futures and bought 2025.18 crores worth of Index options. In the Stock futures segment, FII’s sold -105.54 crores worth of stock futures and bought 86.9399 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 10836 BULL
R3 10798 UP BREAKOUT
R2 10784 UP CAUTION
R1 10775 SELL
PIVOT 10759  
S1 10707 BUY
S2 10698 DOWN CAUTION
S3 10685 DOWN BREAK OUT
S4 10647 BEAR

SGX Nifty
10,710.50 Down -22.50 (-0.21%)

FII Activity on nifty future:

Index Futures: 267.82 Crs
Index Options: 2025.18 Crs
Stock Futures: -105.54 Crs
Stock Options: 86.9399 Crs

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10761 10748 10784 10837 10874
Sell 10721 10759 10706 10669 10617

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 26542 26509 26614 26769 26873
Sell 26432 26536 26380 26276 26120

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