Our #NIFTY and #BANKNIFTY strategy for Today 3-FEB-2016

Nifty is on slight bear note to close at 7455. So today on upside first resistance is at 7496-01 leve.  As per the fund flow towards the market In the derivative market, FII’s sold -50.99 crores of Index futures and sold -718.07 crores worth of Index options. In the Stock futures segment, FII’s sold -393.22 crores worth of stock futures and bought 1.87012 crores of stock options.

Intraday NIFTY view:
Trend: Bear
We will sell nifty with every bounce back of 7500 level. (NIFTY POSITIONAL CALLS)

SGX Nifty
7,398.50 Down -68.00 (-0.92%)

FII’s and DII’s position:

Fii Activity in Equity :RS. -323.23 Crores
Mf Activity in Equity :RS. -113.98 Crores
Fii Activity in Nifty Future :RS. -50.99 Crs Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 7511 7502 7560 7649 7706
Sell 7464 7510 7421 7363 7274

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 15240 15221 15393 15681 15853
Sell 15089 15236 14948 14776 14488

As the nifty open interest data shows proprietary’s and FII’s have sell position towards the market and first time we have seen FII’s selling in this expiry below average holding. On other side DII’s have the sell position. Market sentiment turn bearish for short term.

Trade with TheNIFTYFeed team in less than 5 minutes

Signupforfree

8 thoughts on “Our #NIFTY and #BANKNIFTY strategy for Today 3-FEB-2016

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s