#NIFTY and #BANKNIFTY strategy for Today 4-Apr-2016

#. Nifty closed on a negative note at 7713.So today for intraday on upside intra resistance are at 7758 and 7792 level .On downside be alert below 7667 and avoid all intraday longs below that level.

#. In the derivative market, FII’s sold -386.84 crores of Index futures and bought 895.24 crores worth of Index options. In the Stock futures segment, FII’s sold -441.63 crores worth of stock futures and bought 55.64 crores of stock options.

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

Intraday NIFTY view:
Trend: Bull
We are Bearish on NIFTY for short term but suggest you please book profit every level As we have RBI meet tomorrow. Follow our (NIFTY POSITIONAL CALLS)

NIFTY SPOT INTRADAY LEVEL

R4 7795 BULL
R3 7762 UP BREAKOUT
R2 7749 UP CAUTION
R1 7741 SELL
PIVOT 7706
S1 7685 BUY
S2 7677 DOWN CAUTION
S3 7665 DOWN BREAK OUT
S4 7631 BEAR

SGX Nifty
7,770.50    UP ( +25.00 )    +0.32%

FII Activity on nifty future:
Index Futures: -386.84 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 7755 7738 7776 7806 7844
Sell 7730 7746 7715 7677 7646

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 16265 16212 16345 16444 16577
Sell 16196 16229 16129 15997 15897

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