#NIFTY and #BANKNIFTY strategy for 25-Apr-2016

#. Nifty closed on a slight bull note at  7,899.30 -12.75 (-0.16%) made high 7,923.35 of and low of 7,873.35 . So today for intraday on upside intraday resistance are at 7938-42 level .On downside be alert below 7860 and avoid all intraday longs below 7815level.

#. In the derivative market, FII’s bought 540.8 crores of Index futures and bought 1116.56 crores worth of Index options. In the Stock futures segment, FII’s bought 60.2397 crores worth of stock futures and sold -11.24 crores of stock options.

#. As fund flow FII’s and proprietary’s both have the mixed view in the market. Where FII’s has buy position but other side Pro’s, Client’s and DII’s have the sell position towards nifty.

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

SGX Nifty
7,913.50     Down-1.50     -0.02%

FII Activity on nifty future:
Index Futures: + 540.80 Crores

FII Activity March 2016 Series – Summary Derivative
Index Futures: – 461.99 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 7917 7908 7938 7968 7998
Sell 7899 7915 7885 7855 7825

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 16740 16642 16827 16934 17118
Sell 16626 16659 16552 16368 16261

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