#NIFTY and #BANKNIFTY strategy for 22-Apr-2016

#. Nifty closed on a slight bull note at  7,912.05 Down-2.70 (-0.03%) made high 7,978.45 of and low of 7,884.10. So today for intraday on upside intraday resistance are at 8015 and 8030 level .On downside be alert below 7868 and avoid all intraday longs below 7813 level.

#. In the derivative market, FII’s sold -74.3799 crores of Index futures and bought 137.152 crores worth of Index options. In the Stock futures segment, FII’s bought 995.35 crores worth of stock futures and sold -46.6401 crores of stock options.

#. As per the fund flow FII,Clients and DII’s have made the sell position in market but Pro’s has buy position so caution as big players has mixed view in market.

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

NIFTY SPOT INTRADAY LEVEL

R4 8015 BULL
R3 7972 UP BREAKOUT
R2 7956 UP CAUTION
R1 7946 SELL
PIVOT 7925
S1 7878 BUY
S2 7868 DOWN CAUTION
S3 7852 DOWN BREAK OUT
S4 7810 BEAR

SGX Nifty
7,893.00 Down -11.50 (-0.15%)

FII Activity on nifty future:
Index Futures: – 74.38 Crores

FII Activity March 2016 Series – Summary Derivative
Index Futures: – 1002.79 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 7934 7924 7966 8023 8066
Sell 7901 7932 7875 7832 7775

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 16671 16650 16743 16855 16948
Sell 16615 16667 16555 16462 16350

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