#NIFTY and #BANKNIFTY strategy for Today 13-Apr-2016

#. Nifty closed on a slight bull note at 7,708.95 UP +37.55 (0.49%) made high 7,717.40 of and low of 7,663.35. So today for intraday on upside intraday resistance are at 7742 and 7771 level .On downside be alert below 7675 and avoid all intraday longs below 7646 leve

#. In the derivative market, FII’s bought 116.6 crores of Index futures and bought 2008.19 crores worth of Index options. In the Stock futures segment, FII’s sold -242.37 crores worth of stock futures and bought 26.0698 crores of stock options.

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

Intraday NIFTY view:
Trend: Bull
We are Bullish on NIFTY. Follow our (NIFTY POSITIONAL CALLS)

NIFTY SPOT INTRADAY LEVEL

R4 7771 BULL
R3 7746 UP BREAKOUT
R2 7737 UP CAUTION
R1 7732 SELL
PIVOT 7697  
S1 7686 BUY
S2 7681 DOWN CAUTION
S3 7672 DOWN BREAK OUT
S4 7647 BEAR

SGX Nifty
7,766.00 UP+32.00 (+0.41%)

FII Activity on nifty future:
Index Futures: + 116.6 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 7739 7715 7748 7767 7801
Sell 7707 7723 7703 7670 7651

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 15949 15911 16008 16088 16185
Sell 15895 15927 15847 15750 15670

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