Our #NIFTY and #BANKNIFTY strategy for Today 23-FEB-2016

Nifty closed on a bull note at 7234. So today on upside first resistance is at 7262-67 level. In the derivative market, FII’s sold -378.32 crores of Index futures and bought 80.3594 crores worth of Index options. In the Stock futures segment, FII’s bought 353.789 crores worth of stock futures and sold -67.03 crores of stock options.

Intraday NIFTY view:
Trend: Bull
We are Bullish on nifty for short term and will book profit as per the market move. Follow our  (NIFTY POSITIONAL CALLS)

NIFTY INTRADAY LEVEL
R4 7294 BULL
R3 7270 UP BREAKOUT
R2 7262 UP CAUTION
R1 7256 SELL
PIVOT 7229
S1 7213 BUY
S2 7208 DOWN CAUTION
S3 7199 DOWN BREAK OUT
S4 7175 BEAR

SGX Nifty
7,264.00 UP+27.50 +0.38%

FII’s  position:
Fii Activity in Nifty Future :RS. -378.32 Crores

FII Activity February 2016 Series – Summary Derivative
Index Futures: + 4428.96 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

ignal       Trigger Price  Stop Loss Target-1 Target-2 Target-3
Buy 7246 7233 7258 7279 7305
Sell 7226 7240 7219 7194 7172

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Trigger Price  Stop Loss Target-1 Target-2 Target-3
Buy 14406 14388 14468 14547 14627
Sell 14373 14402 14323 14243 14164

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