NIFTYdaily16JUl2018

NIFTY AND BANKNIFTY STRATEGY FOR 16-JUL-2018

#.Nifty closed on a slight bear note at 11018 evel .So today on upside first intra resistance is at 11058-63 level. On downside first support is at 10979-75 level. Market is bull zone but be very alert. So today for intraday on upside intra resistance are at 11063 and 11095 level and On downside be alert below 10975 and avoid all longs below 10942 level as selling may intensify below that level .

#. In the derivative market, FII’s bought 1459.29 crores of Index futures and sold -1193.88 crores worth of Index options. In the Stock futures segment, FII’s bought 517.27 crores worth of stock futures and sold -110.62 crores of stock options.

Intraday NIFTY view:
Trend: Bull
We are bullish on NIFTY  but suggest you please book profit every level. Follow TheNIFTYFeed positional calls.

NIFTY50 INTRADAY LEVEL

R4 11102 BULL
R3 11069 UP BREAKOUT
R2 11057 UP CAUTION
R1 11050 SELL
PIVOT 11030  
S1 10988 BUY
S2 10981 DOWN CAUTION
S3 10969 DOWN BREAK OUT
S4 10936 BEAR

SGX Nifty
11,024.50 Down -4.50 (-0.04%)

FII Activity on nifty future:

Index Futures: 1459.29 Crs
Index Options: -1193.88 Crs
Stock Futures: 517.27 Crs
Stock Options: -110.62 Crs

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 11031 11018 11048 11081 11111
Sell 11003 11029 10996 10966 10933

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 27005 26971 27035 27121 27185
Sell 26923 26998 26912 26848 26762

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