Our #NIFTY and #BANKNIFTY strategy for Today 11-Mar-2016

#. Nifty closed unchanged at 7486. So today on upside first resistance is at 7513-18 level.

#. In the derivative market, FII’s sold -28.53 crores of Index futures and bought 411.971 crores worth of Index options. In the Stock futures segment, FII’s sold -635.54 crores worth of stock futures and sold -0.799927 crores of stock options.

#.If FII’s begin to sell again, price would move swiftly on the down side as not much support is coming in from DII’s.

#. FII’s and Propritery’s both have the same view in market and both holding the NIFTY future sell position.

Intraday NIFTY view: (weekly Report)
Trend: Bearish 
We are Bearish on NIFTY for short term but suggest you please book profit every level as its first day of selling and price didn’t confirm so watch NIFTY spot 7424 level . Follow our (NIFTY POSITIONAL CALLS)

R4 7594 BULL
R3 7548 UP BREAKOUT
R2 7532 UP CAUTION
R1 7521 SELL
PIVOT 7494
S1 7451 BUY
S2 7440 DOWN CAUTION
S3 7424 DOWN BREAK OUT
S4 7379 BEAR

SGX Nifty
7,436.50     Down (-51.50 )    -0.69%

FII Activity on nifty future:
Index Futures: -28.53 Crores

FII Activity March 2016 Series – Summary Derivative
Index Futures: + 4633.81 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 7506 7497 7563 7645 7711
Sell 7472 7505 7422 7356 7274

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 15260 15241 15379 15532 15670
Sell 15211 15256 15103 14965 14812

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