#NIFTY and #BANKNIFTY strategy for 9-May-2016

#. Nifty closed on a slight bear note at 7,733.45 Down -2.05 (-0.03%) made high 7,738.90 of and low of 7,678.35. So today for intraday on upside resistance are at 7779 and 7811 level .On downside be alert below 7691 and avoid all intraday longs below 7659 level.

#. In the derivative market, FII’s sold -989.07 crores of Index futures and sold -113.07 crores worth of Index options. In the Stock futures segment, FII’s bought 84.74 crores worth of stock futures and sold -40.1 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 on NIFTY for short term but suggest you please book profit every level. Follow our (NIFTY POSITIONAL CALLS)

SGX Nifty
7,781.00 UP +32.50 (+0.42%)

FII Activity on nifty future:
Index Futures: – 989.07 Crores

FII Activity March 2016 Series – Summary Derivative
Index Futures: – 5852.67 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 7766 7740 7783 7810 7853
Sell 7732 7748 7721 7678 7651

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 16391 16346 16439 16508 16601
Sell 16330 16362 16294 16200 16132

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