#NIFTY and #BANKNIFTY strategy for Today 30-Mar-2016

#.Nifty closed on a bear note at 7597.So today for intraday on upside intra resistance are at 7640 and 7672 level .On downside be alert below 7553 and avoid all intraday longs below that level.

#. In the derivative market, FII’s bought 207.5 crores of Index futures and sold -906.211 crores worth of Index options. In the Stock futures segment, FII’s sold -756.439 crores worth of stock futures and sold -113.88 crores of stock options.

#. As fund flow  FII’s and proprietary’s both have the buy position in Nifty future on other side , 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)

NIFTY SPOT INTRADAY LEVEL

R4 7675 BULL
R3 7643 UP BREAKOUT
R2 7632 UP CAUTION
R1 7624 SELL
PIVOT 7611
S1 7570 BUY
S2 7562 DOWN CAUTION
S3 7551 DOWN BREAK OUT
S4 7519 BEAR

SGX Nifty
7,643.50    UP +30.00    ( +0.39%)

FII Activity on nifty future:
Index Futures: +207.5 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 7637 7627 7660 7704 7738
Sell 7609 7635 7591 7557 7513

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 15733 15714 15812 15918 16016
Sell 15691 15729 15624 15525 15420

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