#NIFTY and #BANKNIFTY strategy for 21-Apr-2016

#. Nifty closed on a neutral note at  7,914.75 UP +0.05 (0.00%) made high 7,950.40 of and low of 7,877.55. So today for intraday on upside intra resistance are at 7940 and 7960 level .On downside be alert below 7888and avoid all intraday longs below 7768 level

#.  In the derivative market, FII’s bought 1328.06 crores of Index futures and sold -1151.79 crores worth of Index options. In the Stock futures segment, FII’s sold -577.34 crores worth of stock futures and sold -11.53 crores of stock options.

#. As fund flow  FII’s  and proprietary’s 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 7996 BULL
R3 7963 UP BREAKOUT
R2 7951 UP CAUTION
R1 7943 SELL
PIVOT 7914
S1 7887 BUY
S2 7879 DOWN CAUTION
S3 7867 DOWN BREAK OUT
S4 7834 BEAR

SGX Nifty
7,962.00   UP +27.00     +0.34%

FII Activity on nifty future:
Index Futures: + 1328.06 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 7936 7923 7958 7991 8026
Sell 7915 7931 7899 7863 7831

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 16398 16315 16469 16561 16715
Sell 16299 16331 16240 16085 15994

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