Our #NIFTY and #BANKNIFTY strategy for Today 22-FEB-2016

Nifty closed on a bull note at 7210. So today on upside first resistance is at 7255-60 level. In the cash market today, FII’s sold -191.73 crores stock whereas DII’s bought 16.53 crores worth of stock.  In the derivative market, FII’s sold -846.36 crores of Index futures and sold -1647.71 crores worth of Index options. In the Stock futures segment, FII’s sold -33.48 crores worth of stock futures and sold -93.95 crores of stock options.

NIFTY INTRADAY LEVEL NIFTY PROBABLE HIGH NIFTY PROBABLE LOW
R4 7300 BULL 7289 7052
R3 7263 UP BREAKOUT 7230 7111
R2 7249 UP CAUTION LEVEL FOR LONG LEVEL FOR SHORT
R1 7240 SELL 7189 7078
PIVOT 7195 LAST DAY STRONG BULL LOW VOLATALITY
S1 7181 BUY OPEN 7171
S2 7172 DOWN CAUTION HIGH 7227.0
S3 7159 DOWN BREAK OUT LOW 7146.0
S4 7122 BEAR CLOSE 7210.75

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