Our #NIFTY and #BANKNIFTY strategy for Today 29-Mar-2016

#. Nifty closed on a bear note at 7615.So today on upside first resistance is at 7659-64 level.On downside be alert below 7565 and avoid all intraday longs below that level.

#. In the derivative market, FII’s sold -160.92 crores of Index futures and sold -295.18 crores worth of Index options. In the Stock futures segment, FII’s sold -1787.42 crores worth of stock futures and sold -196.55 crores of stock options.

#. As fund flow  FII’s and proprietary’s both have the sell 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 Bearish on NIFTY for short term but suggest you please book profit every level. Follow our (NIFTY POSITIONAL CALLS)

NIFTY SPOT INTRADAY LEVEL

R4 7785 BULL
R3 7711 UP BREAKOUT
R2 7685 UP CAUTION
R1 7667 SELL
PIVOT 7651
S1 7563 BUY
S2 7546 DOWN CAUTION
S3 7519 DOWN BREAK OUT
S4 7445 BEAR

SGX Nifty
7,642.00     Down -15.50     (-0.20%)

FII Activity on nifty future:
Index Futures: -160.92 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 7666 7656 7705 7775 7824
Sell 7627 7664 7594 7545 7475

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 15727 15708 15853 16047 16193
Sell 15643 15723 15529 15384 15189

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