#NIFTY and #BANKNIFTY strategy for 27-Apr-2016

#. Nifty closed on a slight bull note at  7,962.65 UP+107.60 (1.37%) made high 7,974.50 of and low of 7,822.55. So today for intraday on upside intra resistance are at 8009 and 8051 level .On downside be alert below 7914 and avoid all intraday longs below 7872level.

#. In the derivative market, FII’s bought 994.199 crores of Index futures and sold -501.262 crores worth of Index options. In the Stock futures segment, FII’s sold -870.908 crores worth of stock futures and bought 10.1196 crores of stock options.

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

NIFTY SPOT INTRADAY LEVEL

R4 8125 BULL
R3 8055 UP BREAKOUT
R2 8030 UP CAUTION
R1 8013 SELL
PIVOT 7920
S1 7912 BUY
S2 7896 DOWN CAUTION
S3 7870 DOWN BREAK OUT
S4 7800 BEAR

SGX Nifty
7,460.50 UP +20.00 ( +0.27% )

FII Activity on nifty future:
Index Futures: + 994.20 Crores

FII Activity March 2016 Series – Summary Derivative
Index Futures: + 545 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 7985 7931 8033 8091 8193
Sell 7923 7939 7881 7779 7721

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 17041 16882 17198 17376 17692
Sell 16865 16899 16721 16405 16227

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