#NIFTY and #BANKNIFTY strategy for Today 6-Apr-2016

#. Nifty closed on a negative note at 7,603.20 -155.60 (-2.01%) made a high of 7,736.30 and low of 7,588.65.So today for intraday on upside intra resistance are at 7676 and 7704level .On upside be alert above 7688 and avoid all intraday short above  that level.

#. In the derivative market, FII’s sold -1224.08 crores of Index futures and bought 527.129 crores worth of Index options. In the Stock futures segment, FII’s bought 323.66 crores worth of stock futures and sold -93.9502 crores of stock options..

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

Intraday NIFTY view:
Trend: Bear
We are Bearish on NIFTY for short term but suggest you please book profit every level As its second day of selling. Follow our (NIFTY POSITIONAL CALLS)

NIFTY SPOT INTRADAY LEVEL

R4 7781 BULL
R3 7704 UP BREAKOUT
R2 7676 UP CAUTION
R1 7657 SELL
PIVOT 7650
S1 7549 BUY
S2 7531 DOWN CAUTION
S3 7503 DOWN BREAK OUT
S4 7425 BEAR

SGX Nifty
7,627.00 UP +18.50 (+0.24%)

FII Activity on nifty future:
Index Futures: -1224.08Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 7670 7661 7715 7810 7864
 Sell 7612 7668 7573 7519 7423

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 15907 15888 16091 16457 16660
Sell 15709 15903 15537 15334 14968

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