#NIFTY and #BANKNIFTY strategy for Today 12-Apr-2016

#. Nifty closed on a slight bull note at 7,671.40 +116.20 (1.54%) and made a high of 7,678.80 and low 7,516.85. Market is back bull side.So today for intraday on upside intra resistance are at 7721 and 7766 level .On downside be alert below 7576 and avoid all intraday longs below that level

#. In the derivative market, FII’s sold -28.83 crores of Index futures and bought 529.371 crores worth of Index options. In the Stock futures segment, FII’s sold -373.83 crores worth of stock futures and sold -105.54 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  buy position towards nifty so caution!!!

Intraday NIFTY view:
Trend: Bull
We are Bullish on NIFTY  but suggest you please book profit every level. Follow our (NIFTY POSITIONAL CALLS)

NIFTY SPOT INTRADAY LEVEL

R4 7845 BULL
R3 7769 UP BREAKOUT
R2 7742 UP CAUTION
R1 7724 SELL
PIVOT 7622  
S1 7619 BUY
S2 7601 DOWN CAUTION
S3 7573 DOWN BREAK OUT
S4 7499 BEAR

SGX Nifty
7,700.50  UP+9.00 (+0.12%)

FII Activity on nifty future:
Index Futures: -28.83 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 7708 7645 7762 7825 7942
 Sell 7638 7653 7590 7473 7410

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 15908 15764 16056 16224 16516
Sell 15748 15780 15612 15320 15152

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