NIFTYdaily17JUL2018

NIFTY AND BANKNIFTY STRATEGY FOR 17-JUL-2018

#. Nifty closed on a strong bear note at 10936 evel .So today on upside first intra resistance is at 10962-67 level. On downside first support is at 10911-06 level.Market is bull zone but be very alert .So today for intraday on upside intra resistance are at 10967 and 10992 level and On downside be alert below 10906 and avoid all longs below 10880 level as selling may intensify below that level

#. In the cash market today, FII’s sold -625.68 crores stock whereas DII’s sold -70.3 crores worth of stock.

#. In the derivative market, FII’s bought 595.11 crores of Index futures and bought 1700.03 crores worth of Index options. In the Stock futures segment, FII’s sold -464.88 crores worth of stock futures and sold -70.3398 crores of stock options.

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

NIFTY50  INTRADAY LEVEL

R4 11041 BULL
R3 10999 UP BREAKOUT
R2 10983 UP CAUTION
R1 10973 SELL
PIVOT 10961  
S1 10900 BUY
S2 10890 DOWN CAUTION
S3 10875 DOWN BREAK OUT
S4 10833 BEAR

SGX Nifty
10,936.50  Down -11.50  (-0.11%)

FII Activity on nifty future:

Index Futures: 595.11 Crs
Index Options: 1700.03 Crs
Stock Futures: -464.88 Crs
Stock Options: -70.3398 Crs

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10974 10960 10993 11048 11082
Sell 10928 10971 10916 10883 10828

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 26819 26785 26879 27030 27124
Sell 26701 26812 26660 26567 26416

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