#NIFTY and #BANKNIFTY strategy for 28-Apr-2016

#. Nifty closed on a slight bull note at  7,979.90 UP+17.25 (0.22%) made high 7,991.00 of and low of 7,940.55. So today for intraday on upside resistance are at 8012 and 8035 level .On downside be alert below 7947 and avoid all intraday longs below 7872 level.

#. In the derivative market, FII’s bought 843.9 crores of Index futures and bought 359.449 crores worth of Index options. In the Stock futures segment, FII’s bought 168.93 crores worth of stock futures and sold -198.69 crores of stock options.

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

NIFTY SPOT INTRADAY LEVEL

R4 8039 BULL
R3 8016 UP BREAKOUT
R2 8007 UP CAUTION
R1 8002 SELL
PIVOT 7970
S1 7958 BUY
S2 7953 DOWN CAUTION
S3 7944 DOWN BREAK OUT
S4 7921 BEAR

SGX Nifty
8,011.50     UP+22.00     +0.27%

FII Activity on nifty future:
Index Futures: + 843.90 Crores

FII Activity March 2016 Series – Summary Derivative
Index Futures: + 1388.9 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 7996 7975 8005 8024 8053
Sell 7967 7983 7965 7935 7916

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 16930 16909 16977 17064 17132
Sell 16872 16926 16839 16771 16683

 

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