NIFTYdaily11072018

NIFTY AND BANKNIFTY STRATEGY FOR 11-JUL-2018

#.Nifty closed on a bull note at 10947 evel .So today on upside first intra resistance is at 10975-80 level. On downside first support is at 10918-13 level. Market is bull zone but be very alert. So today for intraday on upside intra resistance are at 10980 and 11009 level and On downside be alert below 10913 and avoid all longs below 10885 level as selling may intensify below that level .

#. In the cash market today, FII’s sold -20.73 crores stock whereas DII’s bought 293.96 crores worth of stock.

#In the derivative market, FII’s bought 1771.35 crores of Index futures and sold -587.242 crores worth of Index options. In the Stock futures segment, FII’s bought 294.75 crores worth of stock futures and sold -72.98 crores of stock options.

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

NIFTY50 INTRADAY LEVEL

R4 11063 BULL
R3 11016 UP BREAKOUT
R2 10998 UP CAUTION
R1 10987 SELL
PIVOT 10919
S1 10908 BUY
S2 10896 DOWN CAUTION
S3 10879 DOWN BREAK OUT
S4 10832 BEAR

SGX Nifty
10,931.00 Down -27.00 (-0.25)

FII Activity on nifty future:

Index Futures: 1771.35 Crs
Index Options: -587.242 Crs
Stock Futures: 294.75 Crs
Stock Options: -72.98 Crs

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10956 10924 10972 11002 11050
Sell 10913 10935 10905 10857 10828

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 26903 26841 26939 27010 27108
Sell 26815 26868 26798 26700 26630

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