#NIFTY and #BANKNIFTY strategy for 10-May-2016

#. Nifty closed on a strong bull note at  7,866.05 UP +132.60 (1.71%) made high 7,873.65 of and low of 7,753.55. So today for intraday on upside intra resistance are at 7910 and 7948 level .On downside be alert below 7822 and avoid all intraday longs below 7783 level.

#.In the derivative market, FII’s bought 695.03 crores of Index futures and bought 2056.54 crores worth of Index options. In the Stock futures segment, FII’s sold -856.87 crores worth of stock futures and bought 14.6899 crores of stock options.

#. As per the fund flow where  FII’s and PRO’s have same view in markets and both having buy position where  DII’s and client have sell position in nifty future.

Intraday NIFTY view:
Trend: Bull
We are Bullish on NIFTY but book profit every level. Follow our (NIFTY POSITIONAL CALLS)

NIFTY SPOT INTRADAY LEVEL
R4 8017 BULL
R3 7952 UP BREAKOUT
R2 7928 UP CAUTION
R1 7913 SELL
PIVOT 7824
S1 7819 BUY
S2 7804 DOWN CAUTION
S3 7780 DOWN BREAK OUT
S4 7716 BEAR

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

FII Activity on nifty future:
Index Futures: + 695.03 Crores

FII Activity March 2016 Series – Summary Derivative
Index Futures: – 5157.64 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 7910 7860 7949 7997 8086
Sell 7852 7868 7819 7731 7682

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 16785 16650 16900 17037 17288
Sell 16633 16667 16530 16279 16143

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One thought on “#NIFTY and #BANKNIFTY strategy for 10-May-2016

  1. ITC (295.65): Buy at on dip up to 292/291 range, Stop Loss: 290, Targets: 298, 300-302 and 305.. says:

    Jain Irrigation Systems (DVR),BUY MID-UM TERM.

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