Our #NIFTY and #BANKNIFTY strategy for Today 18-Mar-2016

#. Nifty closed on slight bull note at 7512.So today on upside first resistance is at 7541-45 level. So today for intraday on upside resistance are at 7545 and 7575 level .On downside be alert below 7478 and avoid all intraday longs below 7449 level .

#. In the derivative market, FII’s bought 591.98 crores of Index futures and bought 705.641 crores worth of Index options. In the Stock futures segment, FII’s bought 444.25 crores worth of stock futures and sold -76.3298 crores of stock options

#.This series has seen strong inflow of funds and still there is quite some time to go before the series winds up. As of now price is sustaining above support levels and its better to ride the trend with limited positions

# Check out weekly report

Intraday NIFTY view:
Trend: Bull
We are Bearish on NIFTY for short term but suggest you please book profit every level because Its weekend and we may see some profit booking from upper level. Follow our (NIFTY POSITIONAL CALLS)

R4 7627 BULL
R3 7578 UP BREAKOUT
R2 7561 UP CAUTION
R1 7549 SELL
PIVOT 7526
S1 7476 BUY
S2 7464 DOWN CAUTION
S3 7447 DOWN BREAK OUT
S4 7399 BEAR

SGX Nifty
7,563.00     UP +74.00 ( +0.98%)

FII Activity on nifty future:
Index Futures: + 591.98 Crores

FII Activity March 2016 Series – Summary Derivative
Index Futures: + 7456.86 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Trigger Price  Stop Loss Target-1 Target-2 Target-3
Buy 7540 7530 7577 7645 7692
Sell 7501 7538 7470 7423 7355

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Trigger Price  Stop Loss Target-1 Target-2 Target-3
Buy 15515 15495 15672 15918 16095
Sell 15411 15511 15265 15088 14843

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