Our #NIFTY and #BANKNIFTY strategy for Today 1-Mar-2016

Nifty made a good come back to close strongly at 7222. So today on upside first resistance is at 7260-65 level.In the derivative market, FII’s bought 706.18 crores of Index futures and bought 4817.49 crores worth of Index options. In the Stock futures segment, FII’s bought 495.1 crores worth of stock futures and bought 134.24 crores of stock options.

Intraday NIFTY view:
Trend: Bull
We are Bullish on NIFTY for short term but suggest you please book profit every level. Follow our  (NIFTY POSITIONAL CALLS)

SGX Nifty
7,303.50 UP +67.50 (+0.92%)

FII Activity on nifty future:
Index Futures: + 706.17 Crores

FII Activity March 2016 Series – Summary Derivative
Index Futures: + 2108.65 Crores

R4 7487 BULL
R3 7370 UP BREAKOUT
R2 7328 UP CAUTION
R1 7300 SELL
PIVOT 7148
S1 7145 BUY
S2 7117 DOWN CAUTION
S3 7075 DOWN BREAK OUT
S4 6959 BEAR

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 7234 7168 7294 7363 7488
Sell 7161 7176 7107 6981 6913

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 14464 14330 14586 14727 14983
Sell 14316 14344 14204 13947 13807

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One thought on “Our #NIFTY and #BANKNIFTY strategy for Today 1-Mar-2016

  1. ITC (295.65): Buy at on dip up to 292/291 range, Stop Loss: 290, Targets: 298, 300-302 and 305.. says:

    Ibulls Housing Finance (623.65): Buy at a minor dip up to 615-610 range, Stop Loss: 605, Targets: 632, 639 and 645..

    Motherson Sumi (233.10): Buy at a minor dip up to 230/229 range, Stop Loss: 226, Targets: 237, 240 and 243-45.
    (from SAHOO)

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