Our #NIFTY and #BANKNIFTY strategy for Today 17-Mar-2016

#. Nifty closed on bull note at 7498.So today on upside first resistance is at 7527-32 level.So today for intraday on upside intra resistance are at 7532 and 7560 level .On downside be alert below 7465 and avoid all intraday longs below 7436 level.

#. In the derivative market, FII’s sold -114.85 crores of Index futures and sold -404.83 crores worth of Index options. In the Stock futures segment, FII’s sold -955.38 crores worth of stock futures and sold -96.7302 crores of stock options.

#. Federal Reserve held the line on interest rates Wednesday and substantially scaled back its expectations for further moves ahead.

# Check out weekly report

Intraday NIFTY view:
Trend: Bearish
We are Berish on NIFTY  but suggest you please book profit every level. Follow our (NIFTY POSITIONAL CALLS)

R4 7611 BULL
R3 7563 UP BREAKOUT
R2 7546 UP CAUTION
R1 7535 SELL
PIVOT 7471
S1 7463 BUY
S2 7452 DOWN CAUTION
S3 7434 DOWN BREAK OUT
S4 7387 BEAR

SGX Nifty
7,500.00    Down -25.50   ( -0.34% )

FII Activity on nifty future:
Index Futures: – 114.85 Crores

FII Activity March 2016 Series – Summary Derivative
Index Futures: + 6864.88 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 7533 7494 7562 7600 7668
Sell 7486 7501 7463 7395 7357

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 15548 15425 15651 15774 16000
Sell 15409 15440 15317 15091 14968

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