#NIFTY and #BANKNIFTY strategy for 11-May-2016

#. Nifty closed on a slight bull note at 7,887.80    UP +21.75 (0.28%)  made high 7,896.90 of and low of 7,837.70. So today for intraday on upside intraday resistance are at 7928 and 7955 level .On downside be alert below 7806 and avoid all intraday longs below 7790 level.

#. In the derivative market, FII’s Sold 377.58 crores of Index futures and bought 287.49 crores worth of Index options. In the Stock futures segment, FII’s sold – 732.09 crores worth of stock futures and bought + 25.01 crores of stock options.

#. As per the fund flow where  FII’s and PRO’s have mixed view in markets so volatility will be more. Where FII and DII have sell position where client and Pro’s have buy positoin in nifty future.

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

NIFTY SPOT INTRADAY LEVEL

R4 7955 BULL
R3 7928 UP BREAKOUT
R2 7918 UP CAUTION
R1 7912 SELL
PIVOT 7874
S1 7864 BUY
S2 7857 DOWN CAUTION
S3 7847 DOWN BREAK OUT
S4 7820 BEAR

SGX Nifty
7,902.50     Down -17.00 (    -0.22%)

FII Activity on nifty future:
Index Futures: -377.58 Crores

FII Activity May 2016 Series – Summary Derivative
Index Futures: – 5535.22 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 7926 7903 7943 7969 8009
Sell 7895 7911 7884 7844 7818

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 16866 16800 16922 16999 17121
Sell 16783 16817 16740 16617 16541

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