Our #NIFTY and #BANKNIFTY strategy for Today 28-Mar-2016

#. Nifty closed very slightly up at 7716.So today on upside first resistance is at 7747-52 level. On downside be alert below 7680 and avoid all intraday longs below 7654 level.

#. In the derivative market, FII’s bought 739.61 crores of Index futures and sold -1078.49 crores worth of Index options. In the Stock futures segment, FII’s sold -1081.85 crores worth of stock futures and sold -199.55 crores of stock options.

#. As fund flow says  FII’s  have the buy position in Nifty future on other side proprietary’s , DII’s and Client’s have the sell position towards nifty.

Intraday NIFTY view:
Trend: Bull
We are Bullish on NIFTY for short term but suggest you please book profit every level. Follow our (NIFTY POSITIONAL CALLS)

R4 7781 BULL
R3 7755 UP BREAKOUT
R2 7746 UP CAUTION
R1 7740 SELL
PIVOT 7705
S1 7693 BUY
S2 7687 DOWN CAUTION
S3 7678 DOWN BREAK OUT
S4 7652 BEAR

SGX Nifty
7,692.00    UP +6.50     (+0.08%)

FII Activity on nifty future:
Index Futures: + 739.61 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 7742 7716 7759 7785 7827
Sell 7709 7724 7698 7656 7630

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 15948 15895 15988 16048 16141
Sell 15879 15911 15851 15758 15698

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