#NIFTY and #BANKNIFTY strategy for Today 5-Apr-2016

#. Nifty closed on a positive note at 7,758.80 +45.75 (0.59%) and made a high of 7,764.45 … and low 7,704.40. Market is now strongly in bullish side.So today for intraday on upside resistances are at 7795 and 7825 level .On downside be alert below 7720-7000 and avoid all intraday longs below that level.

#. In the derivative market, FII’s bought 97.39 crores of Index futures and sold -164.99 crores worth of Index options. In the Stock futures segment, FII’s sold -539.33 crores worth of stock futures and sold -39.84 crores of stock options.

#. As fund flow  FII’s  and proprietary’s both have the mixed view towards market so volatility expected. FII’s and Client have BUY position on otherside PRO’s and DII’s have the sell position towards nifty Future.

Intraday NIFTY view:
Trend: Bull
We are Bullish buy as today we have RBI meet so caution volatility expected. Follow our (NIFTY POSITIONAL CALLS)

NIFTY SPOT INTRADAY LEVEL

R4 7827 BULL
R3 7800 UP BREAKOUT
R2 7790 UP CAUTION
R1 7783 SELL
PIVOT 7743
S1 7735 BUY
S2 7728 DOWN CAUTION
S3 7718 DOWN BREAK OUT
S4 7691 BEAR

SGX Nifty
7,769.50 Down (-16.00)-0.21%

FII Activity on nifty future:
Index Futures: +97.39 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 7797 7775 7818 7848 7890
Sell 7768 7783 7752 7710 7680

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 16270 16234 16350 16449 16565
Sell 16217 16250 16150 16034 15935

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