Our #NIFTY and #BANKNIFTY strategy for Today 23-Mar-2016

#. Nifty closed on bull note at 7714.So today on upside first resistance is at 7738-42 level.On downside be alert below 7669 and avoid all intraday longs below 7624 level.

#.In the derivative market, FII’s bought 200.32 crores of Index futures and sold -797.48 crores worth of Index options. In the Stock futures segment, FII’s sold -1126.5 crores worth of stock futures and sold -159.82 crores of stock options.

#. As fund flow says  FII’s and Proprietary’s both are bullish on NIFTY. on other hand Client 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  and we may see some profit booking from upper level. Follow our (NIFTY POSITIONAL CALLS)

R4 7808 BULL
R3 7769 UP BREAKOUT
R2 7755 UP CAUTION
R1 7746 SELL
PIVOT 7696
S1 7684 BUY
S2 7675 DOWN CAUTION
S3 7661 DOWN BREAK OUT
S4 7622 BEAR

SGX Nifty
7,745.50    UP +21.50    ( +0.28%)

FII Activity on nifty future:
Index Futures: + 200.32 Crores

FII Activity March 2016 Series – Summary Derivative
Index Futures: + 8398.88 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Trigger Price  Stop Loss Target-1 Target-2 Target-3
Buy 7732 7703 7753 7783 7832
Sell 7695 7711 7680 7631 7601

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Trigger Price  Stop Loss Target-1 Target-2 Target-3
Buy 15981 15917 16041 16122 16246
Sell 15901 15933 15852 15728 15647

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One thought on “Our #NIFTY and #BANKNIFTY strategy for Today 23-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:

    Hero Moto (2861.50): Buy at a minor dip, Stop Loss: 2840, Targets: 2878, 2888, 2898-2905.

    Reliance (1047.85): Buy at a minor dip, Stop Loss: 1034, Targets: 1054, 1059 and 1065-69.

    From Deba

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