#NIFTY and #BANKNIFTY strategy for Today 31-Mar-2016

#. Nifty closed on a strong bull note at 7735 .So today for intraday on upside resistance are at 7780 and 7820 level .On downside be alert below 7689 and avoid all intraday longs below that level

#. In the derivative market, FII’s bought 394.63 crores of Index futures and sold -686.48 crores worth of Index options. In the Stock futures segment, FII’s sold -564.95 crores worth of stock futures and sold -48.3899 crores of stock options.

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

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

NIFTY SPOT INTRADAY LEVEL

R4 7891 BULL
R3 7824 UP BREAKOUT
R2 7799 UP CAUTION
R1 7783 SELL
PIVOT 7691
S1 7687 BUY
S2 7671 DOWN CAUTION
S3 7647 DOWN BREAK OUT
S4 7580 BEAR

SGX Nifty
7,763.00     UP+18.00     +0.23%

FII Activity on nifty future:
Index Futures: + 394.63 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 7747 7710 7772 7808 7870
Sell 7702 7718 7682 7620 7584

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 16160 16029 16281 16424 16676
Sell 16013 16045 15903 15650 15508

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