NIFTY AND BANKNIFTY STRATEGY FOR 18-JUL-2018

#. Nifty closed on a strong bull note at 11008 level. So today on upside first intra resistance is at 11033-38 level.On downside first support is at 10982-77 level. Market is bull zone but be very alert. So today for intraday on upside intra resistance are at 11038 and 11065 level and On downside be alert below 10977 and avoid all longs below 10951 level as selling may intensify below that level.

#. In the derivative market, FII’s sold -375.85 crores of Index futures and bought 652.273 crores worth of Index options. In the Stock futures segment, FII’s bought 268.61 crores worth of stock futures and bought 4.14941 crores of stock options.

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

NIFTY50 INTRADAY LEVEL

R4 11113 BULL
R3 11070 UP BREAKOUT
R2 11055 UP CAUTION
R1 11045 SELL
PIVOT 10984  
S1 10971 BUY
S2 10961 DOWN CAUTION
S3 10946 DOWN BREAK OUT
S4 10904 BEAR

SGX Nifty
11,065.50 UP +40.50  (+0.37%)

FII Activity on nifty future:

Index Futures: -375.85 Crs
Index Options: 652.273 Crs
Stock Futures: 268.61 Crs
Stock Options: 4.14941 Crs

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 11032 10994 11055 11091 11152
Sell 10983 11005 10968 10907 10871

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 27108 26950 27224 27374 27648
Sell 26923 26978 26828 26554 26404

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