Our #NIFTY and #BANKNIFTY strategy for Today 10-Mar-2016

#. Nifty closed unchanged at 7531. So today on upside first resistance is at 7563-68 level.

#. In the derivative market, FII’s bought 154.62 crores of Index futures and bought 741.641 crores worth of Index options. In the Stock futures segment, FII’s sold -1253.49 crores worth of stock futures and bought 89.1602 crores of stock options.

#. Therefore, price structure and data needs to indicate strength consistently for traders to build positions gradually. Nifty and Bank Nifty are both sustaining above the support levels and for the time being, this is a positive sign.

Intraday NIFTY view:
Trend: Bull
We are Bullish on NIFTY for short term but suggest you please book profit every level As we have ECB meet pending today night. Follow our (NIFTY POSITIONAL CALLS)

R4 7656 BULL
R3 7603 UP BREAKOUT
R2 7584 UP CAUTION
R1 7571 SELL
PIVOT 7498
S1 7493 BUY
S2 7480 DOWN CAUTION
S3 7461 DOWN BREAK OUT
S4 7408 BEAR

SGX Nifty
7,555.00    UP +21.00     (+0.28%)

FII Activity on nifty future:
Index Futures: + 154.62 Crores

FII Activity March 2016 Series – Summary Derivative
Index Futures: + 4662.34 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 7541 7490 7577 7623 7710
Sell 7483 7498 7452 7366 7320

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 15354 15231 15490 15646 15905
Sell 15216 15247 15091 14832 14677

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