Our #NIFTY and #BANKNIFTY strategy for Today 8-Mar-2016

Nifty continued the bullish momentum to close at 7485. So today on upside first resistance is at 7519-24 level. In the cash market today, FII’s bought 671.57 crores stock whereas DII’s sold -533.1 crores worth of stock.  In the derivative market, FII’s bought 147.42 crores of Index futures and sold -246.02 crores worth of Index options. In the Stock futures segment, FII’s bought 300.19 crores worth of stock futures and bought 2.16992 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)

Bank NIFTY FUTURE:

Signal       Trigger Price  Stop Loss Target-1 Target-2 Target-3
Buy 15340 15239 15525 15728 16014
Sell 15224 15255 15051 14766 14562

NIFTY FUTURE :

Signal       Trigger Price  Stop Loss Target-1 Target-2 Target-3
Buy 7466 7445 7488 7520 7563
Sell 7437 7452 7421 7377 7346

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