NIFTYdaily07JUL2018

NIFTY AND BANKNIFTY STRATEGY FOR 7-JUL-2018

#. Nifty closed on a strong bull note at 10699 evel .So today on upside first intra resistance is at 10745-50 leve. On downside first support is at 10654-50 level. Market is bull zone but be very alert .So today for intraday on upside intra resistance are at 10750 and 10789 level and On downside be alert below 10650 and avoid all longs below 10611 level as selling may intensify below that level.

#.  In the cash market today, FII’s sold -1043.31 crores stock whereas DII’s bought 278.84 crores worth of stock.

#. In the derivative market, FII’s bought 47.0801 crores of Index futures and bought 115.969 crores worth of Index options. In the Stock futures segment, FII’s bought 480.64 crores worth of stock futures and bought 4.08008 crores of stock options.

Intraday NIFTY view:
Trend: Bullish
We are bullish today and holding nifty buy position but suggest you please book profit every level. Follow TheNIFTYFeed positional calls.

NIFTY50 INTRADAY LEVEL

R4 10794 BULL
R3 10756 UP BREAKOUT
R2 10743 UP CAUTION
R1 10733 SELL
PIVOT 10681  
S1 10666 BUY
S2 10657 DOWN CAUTION
S3 10644 DOWN BREAK OUT
S4 10606 BEAR

SGX Nifty
10,722.00  Down -10.50  (-0.10%)

FII Activity on nifty future:

Index Futures: 47.0801 Crs
Index Options: 115.969 Crs
Stock Futures: 480.64 Crs
Stock Options: 4.08008 Crs

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10732 10690 10756 10793 10859
Sell 10680 10701 10664 10598 10561

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 26275 26242 26331 26421 26511
Sell 26216 26268 26178 26089 25999

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