18th May Strategy:
Global: Neutral
FII: Negative
DII: Positive
F&O: Neutral
Sentiment: Neutral
Trend: Neutral
Nifty 8925-9050 Day Support Zone, 9250-9350 Higher Range
Bank Nifty 18250-18500 Day Support Range, Bank Nifty 19100-19500 Higher Range
Nifty 9050-9200 Small Day Range, 9000-9250 Medium Range, 8925-9300 Bigger Range
Bank Nifty 18700-19075 Small Day Range, 18500-19250 Medium Range, 18250-19450 Bigger Range
For Existing Long Positions:
Nifty intraday n Closing SL 9050
Bank Nifty intraday n Closing SL 18650
For Existing Short Positions:
Nifty intraday n Closing SL 9250
Bank Nifty intraday n Closing SL 19100
For New Positions:
Sell Nifty in 9200-9300 range:
SL 9400 Tgt 9150, 9100, 9050
Buy Nifty in 9000-9050 range:
SL 8900 Tgt 9100, 9150, 9200
Sell Bank Nifty in 19250-19400 range:
SL 19500 Tgt 19100, 19000, 18850
Buy Bank Nifty in 18300-18500 range:
SL 18200 Tgt 18650, 18800, 18900
PCR 1.14, VIX down at 38.01
F&O Update:
Out of Ban: Vodafone Idea
No Stock in Ban
Result Analysis:
Cipla Futures:
Operationally weak results
Strong support zone 540-550
L&T Finance Futures:
Very Weak Results
Support near 55, below that 52 levels possible
Stock Of The Day:
Sell M&M Finance Futures:
SL 170, Tgt 162, 158
Very Weak results
