Our #NIFTY and #BANKNIFTY strategy for Today 21-Mar-2016

#. Nifty closed on bull note at 7604.So today on upside first resistance is at 7632-37 level.On downside be alert below 7571 and avoid all intraday longs below 7543 level .

#. In the derivative market, FII’s bought 490.91 crores of Index futures and bought 315.629 crores worth of Index options. In the Stock futures segment, FII’s sold -171.06 crores worth of stock futures and sold -96.3699 crores of stock options.

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

R4 7714 BULL
R3 7668 UP BREAKOUT
R2 7651 UP CAUTION
R1 7640 SELL
PIVOT 7577
S1 7569 BUY
S2 7558 DOWN CAUTION
S3 7541 DOWN BREAK OUT
S4 7495 BEAR

SGX Nifty
7,604.35   Down 9

FII Activity on nifty future:
Index Futures: + 490.91 Crores

FII Activity March 2016 Series – Summary Derivative
Index Futures: +  7947.77 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 7611 7579 7634 7667 7722
Sell 7571 7586 7554 7498 7466

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 15681 15600 15750 15839 15989
Sell 15584 15615 15527 15376 15288

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2 thoughts on “Our #NIFTY and #BANKNIFTY strategy for Today 21-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:

    Go short nifty 7644 with stopplus 7675(spot)(deba)

  2. ITC (295.65): Buy at on dip up to 292/291 range, Stop Loss: 290, Targets: 298, 300-302 and 305.. says:

    Go short nifty 7644 with stopplus 7675(spot)

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