#NIFTY and #BANKNIFTY strategy for Today 7-Apr-2016

#. Nifty closed on a negative note at 7,614.35 UP +11.15 (0.15%) made a high of 7,638.65 and low of 7,591.75. So today for intraday on upside intra resistance are at 7,648.65 and 7669 level .On upside be alert above 7689 and avoid all intraday short above  that level.

#. In the derivative market, FII’s sold -769.96 crores of Index futures and sold -779.75 crores worth of Index options. In the Stock futures segment, FII’s bought 505.93 crores worth of stock futures and bought 13.5898 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: 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 7669 BULL
R3 7648 UP BREAKOUT
R2 7640 UP CAUTION
R1 7635 SELL
PIVOT 7615
S1 7594 BUY
S2 7589 DOWN CAUTION
S3 7581 DOWN BREAK OUT
S4 7560 BEAR

SGX Nifty
7,652.50  UP +18.50 (+0.24%)

FII Activity on nifty future:
Index Futures: -769.96 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 7640 7627 7654 7677 7704
Sell 7619 7634 7611 7584 7561

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 15727 15707 15802 15905 16000
Sell 15682 15723 15620 15525 15422

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