NIFTYdaily19JUL2017

NIFTY AND BANKNIFTY STRATEGY FOR 19-JUL-2018

#.  Nifty was on a bear trend and closed at 10980 level. So today on upside first intra resistance is at 11037-57 level. On downside first support is at 10937-24 level. Market is in bear zone and be very alert. So today for intraday on upside intra resistance are at 11057 and 11065 level On downside be alert below 10950  and avoid all longs below 10925 level as selling may intensify below that level.

#. In the cash market today, FII’s bought 95.68 crores stock whereas DII’s bought 111.01 crores worth of stock.

#. In the derivative market, FII’s bought 357.94 crores of Index futures and bought 1626.55 crores worth of Index options. In the Stock futures segment, FII’s sold -601.649 crores worth of stock futures and bought 15.0098 crores of stock options.

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

NIFTY50 INTRADAY LEVEL

R4 11112 BULL
R3 11057 UP BREAKOUT
R2 11037 UP CAUTION
R1 11024 SELL
PIVOT 11004
S1 10937 BUY
S2 10924 DOWN CAUTION
S3 10904 DOWN BREAK OUT
S4 10849 BEAR

SGX Nifty
11,013.50 UP +31.50 (+0.29%)

FII Activity on nifty future:

Index Futures: 357.94 Crs
Index Options: 1626.55 Crs
Stock Futures: -601.649 Crs
Stock Options: 15.0098 Crs

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 11011 10997 11044 11116 11163
Sell 10962 11008 10937 10889 10818

BankNIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 27037 27003 27134 27350 27481
Sell 26890 27030 26814 26683 26467

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