Our #NIFTY and #BANKNIFTY strategy for Today 9-Mar-2016

#. Nifty closed unchanged at 7485. So today on upside first resistance is at 7508-12 level. As per our weekly report market took resistance at 7520.

#. In the derivative market, FII’s bought 803.4 crores of Index futures and sold -567.041 crores worth of Index options. In the Stock futures segment, FII’s bought 349.04 crores worth of stock futures and bought 15.92 crores of stock options.

#. In today’s session, FII’s have increased their exposure in Index long futures (by 10%) and their positions in Index shorts is increased by 1 %.FII’s remain net buyers in Cash and derivative segment. Buying by DII’s is less when compared to that of FII’s. DII’s remain net sellers

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
7,457.50     UP +0.50     (+0.01%)

FII Activity on nifty future:
Index Futures: + 803.41

FII Activity March 2016 Series – Summary Derivative
Index Futures: + 4507.72 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Trigger Price  Stop Loss Target-1 Target-2 Target-3
Buy 7460 7451 7492 7535 7576
Sell 7441 7459 7415 7375 7331

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Trigger Price  Stop Loss Target-1 Target-2 Target-3
Buy 15196 15177 15311 15476 15610
Sell 15131 15192 15027 14894 14728

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One thought on “Our #NIFTY and #BANKNIFTY strategy for Today 9-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:

    From Deba,

    Bhel (106): Sell at a minor rally up to 108, Stop Loss: 110, Targets: 103, 101 and 100-98..

    Wipro (541.45): Buy at dips, Stop Loss: 537, Targets: 545/46 and 548..

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