#NIFTY and #BANKNIFTY strategy for Today 8-Apr-2016

#. Nifty closed on a negative note at 7,546.45 -67.90 (-0.89%) made a high of 7,630.75 and low of 7,535.85 . So today for intraday on upside intra resistance are at 7606 and 7649 level .On upside be alert above 7640 and avoid all intraday short above  that level.

#. In the derivative market, FII’s sold -1473.58 crores of Index futures and sold -549.75 crores worth of Index options. In the Stock futures segment, FII’s bought 124.78 crores worth of stock futures and bought 12.75 crores of stock options

#. As fund flow  FII’s  and proprietary’s have mixed view in market. FII’s & DII’s have sell position and Pro’s & Client’s have buy so caution as volatility is going to be there in market.  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 . Follow our (NIFTY POSITIONAL CALLS)

NIFTY SPOT INTRADAY LEVEL

R4 7649 BULL
R3 7606 UP BREAKOUT
R2 7590 UP CAUTION
R1 7580 SELL
PIVOT 7571  
S1 7513 BUY
S2 7503 DOWN CAUTION
S3 7487 DOWN BREAK OUT
S4 7444 BEAR

SGX Nifty
7,550.50  Downn -16.00(-0.21%)

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 7591 7581 7611 7661 7691
Sell 7554 7589 7539 7509 7459

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 15644 15624 15747 15911 16033
Sell 15568 15640 15476 15353 15190

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