#NIFTY and #BANKNIFTY strategy for 18-Apr-2016

#. Nifty closed on a slight bull note at  7,850.45 UP +141.50 (1.84%)made high 7,864.80 of and low of 7,772.20. So today for intraday on upside intraday resistance are at 7870and 7900level .On downside be alert below 7815 and avoid all intraday longs below 7780 level.

#. In the derivative market, FII’s bought 1679.09 crores of Index futures and bought 6304.5 crores worth of Index options. In the Stock futures segment, FII’s sold -70.8398 crores worth of stock futures and sold -144.0 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 but suggest you please book profit every level because Its weekend . Follow our (NIFTY POSITIONAL CALLS)

NIFTY SPOT INTRADAY LEVEL

R4 8017 BULL
R3 7945 UP BREAKOUT
R2 7919 UP CAUTION
R1 7902 SELL
PIVOT 7808
S1 7799 BUY
S2 7782 DOWN CAUTION
S3 7756 DOWN BREAK OUT
S4 7684 BEAR

SGX Nifty
7,937.50     UP +6.00 ( +0.08%)

FII Activity on nifty future:
Index Futures: + 1679.09 Crores

FII Activity April 2016 Series – Summary Derivative
Index Futures: – 2887.47 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 7874 7847 7907 7949 8009
Sell 7839 7855 7812 7752 7710

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 16345 16270 16463 16601 16794
Sell 16253 16286 16148 15955 15817

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