Our #NIFTY and #BANKNIFTY strategy for Today 22-Mar-2016

#. Nifty closed on bull note at  7,704.25 +99.90 (1.31%).So today on upside first resistance is at 7742-7754 level.On downside be alert below 7610 and avoid all intraday longs below 75 level .

#. in the derivative market, FII’s bought 250.89 crores of Index futures and sold -603.16 crores worth of Index options. In the Stock futures segment, FII’s sold -77.8701 crores worth of stock futures and sold -51.01 crores of stock options.

#. As fund flow says  FII’s and Proprietary’s have the mixed view in the Markets, As FII’s has the buy position and other side Pro’s and DII’s  has the sell position.

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 7823 BULL
R3 7772 UP BREAKOUT
R2 7754 UP CAUTION
R1 7742 SELL
PIVOT 7674
S1 7666 BUY
S2 7654 DOWN CAUTION
S3 7636 DOWN BREAK OUT
S4 7586 BEAR

SGX Nifty
7,724.00 UP +13.00 (+0.17%)

FII Activity on nifty future:
Index Futures: + 250.90 Crores

FII Activity March 2016 Series – Summary Derivative
Index Futures: + 8198.67 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Trigger Price  Stop Loss Target-1 Target-2 Target-3
Buy 7719 7680 7749 7788 7857
Sell 7672 7688 7648 7580 7540

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Trigger Price  Stop Loss Target-1 Target-2 Target-3
Buy 15954 15874 16017 16100 16243
Sell 15859 15890 15807 15665 15581

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One thought on “Our #NIFTY and #BANKNIFTY strategy for Today 22-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:

    Axis Bank (444.50): Buy at a minor dip, Stop Loss: 437, Targets: 447, 449.50 and 453.

    Tata Motors (374.70): Buy at a minor dip, Stop Loss: 368, Targets: 377, 379, 382 and 384.

    By Deba

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