#NIFTY and #BANKNIFTY strategy for 26-Apr-2016

#. Nifty closed on a negative note at  7,855.05 -44.25 (-0.56%) made a high of 7,911.00 and low of 7,827.00. So today for intraday on upside resistance are at 7883 and 7906 level On downside be alert below 7827 and avoid all intraday longs below 7803 level .

#. In the derivative market, FII’s bought 12.79 crores of Index futures and bought 759.441 crores worth of Index options. In the Stock futures segment, FII’s sold -43.1992 crores worth of stock futures and sold -136.99 crores of stock options.

#in the fund flow today FII,DII and client have the sell position but Pro’s has the buy position toward market.

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

NIFTY SPOT INTRADAY LEVEL

R4 7947 BULL
R3 7909 UP BREAKOUT
R2 7895 UP CAUTION
R1 7886 SELL
PIVOT 7864
S1 7824 BUY
S2 7815 DOWN CAUTION
S3 7801 DOWN BREAK OUT
S4 7763 BEAR

SGX Nifty
7,865.00     Down-10.00     -0.13%

FII Activity on nifty future:
Index Futures: + 12.79 Crores

FII Activity March 2016 Series – Summary Derivative
Index Futures: – 449.2 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 7874 7864 7902 7942 7979
Sell 7853 7872 7832 7795 7754

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 16702 16679 16776 16870 16966
Sell 16663 16696 16602 16505 16411

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