NIFTY AND BANKNIFTY STRATEGY FOR 12-JUL-2018

#. Nifty closed on a bull note at 10948 evel .So today on upside first intra resistance is at 10977-82 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 10982 and 11007 level and On downside be alert below 10913 and avoid all longs below 10890 level as selling may intensify below that level

#. In the derivative market, FII’s bought 708.07 crores of Index futures and sold -628.871 crores worth of Index options. In the Stock futures segment, FII’s bought 766.38 crores worth of stock futures and sold -66.7803 crores of stock options.

Intraday NIFTY view:
Trend: Bull
We are bullish and holding nifty buy position Follow TheNIFTYFeed positional calls

NIFTY50 INTRADAY LEVEL

R4 11013 BULL
R3 10989 UP BREAKOUT
R2 10980 UP CAUTION
R1 10974 SELL
PIVOT 10949  
S1 10923 BUY
S2 10917 DOWN CAUTION
S3 10908 DOWN BREAK OUT
S4 10884 BEAR

SGX Nifty
10,978.00 UP +30.50 +0.28%

FII Activity on nifty future:

Index Futures: 708.07 Crs
Index Options: -628.871 Crs
Stock Futures: 766.38 Crs
Stock Options: -66.7803 Crs

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10949 10936 10959 10985 11008
Sell 10922 10947 10921 10898 10872

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 26821 26788 26855 26943 27010
Sell 26741 26814 26727 26659 26572

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