#NIFTY and #BANKNIFTY strategy for 4-May-2016

#. Nifty closed on a bear note at 7747 made high 7,889 of and low of 7735. So today for intraday on upside intra resistance are at 7794 and 7836 level .On downside be alert below 7700 and

#. In the derivative market, FII’s sold -984.03 crores of Index futures and bought 437.311 crores worth of Index options. In the Stock futures segment, FII’s sold -401.17 crores worth of stock futures and bought 14.53 crores of stock options.

#market expected to be more volatile as FII and PRO has mixed view in markets where FII’s have sell position where PRO’s, DII’s and client have buy position in nifty future.

Intraday NIFTY view:
Trend: Bull
We are Bearish NIFTY for short term but suggest you please book profit every level  Follow our (NIFTY POSITIONAL CALLS)

NIFTY SPOT INTRADAY LEVEL

R4 7910 BULL
R3 7840 UP BREAKOUT
R2 7814 UP CAUTION
R1 7797 SELL
PIVOT 7791
S1 7697 BUY
S2 7680 DOWN CAUTION
S3 7654 DOWN BREAK OUT
S4 7584 BEAR

SGX Nifty
7,749.50     Down -31.50 (  -0.41%)

FII Activity on nifty future:
Index Futures: – 984.03 Crores

FII Activity May 2016 Series – Summary Derivative
Index Futures: – 525.78 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 7840 7831 7895 8011 8075
Sell 7772 7839 7723 7659 7543

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 16584 16563 16707 16955 17098
Sell 16442 16580 16331 16188 15939

To Get Live Market Support & Assistance in less than 5 minutes
joinUs

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s