#NIFTY and #BANKNIFTY strategy for 12-May-2016

#. Nifty closed on a slight bear note at 7,848.85 Down -38.95 (-0.49%) made high 7,893.10 of and low of 7,780.90. So today for intraday on upside intra resistance are at 7884 and 7915 level .On downside be alert below 7812 and avoid all intraday longs below 7782 level.

#. In the derivative market, FII’s Sell – 962.07 crores of Index futures and bought + 1145.44 crores worth of Index options. In the Stock futures segment, FII’s bought + 1072.04crores worth of stock futures and sold – 43.23 crores of stock options.

#. In the fund flow FII has made a sell position on 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)

NIFTY SPOT INTRADAY LEVEL

R4 7970 BULL
R3 7919 UP BREAKOUT
R2 7900 UP CAUTION
R1 7888 SELL
PIVOT 7841
S1 7810 BUY
S2 7798 DOWN CAUTION
S3 7779 DOWN BREAK OUT
S4 7728 BEAR

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

FII Activity on nifty future:
Index Futures: – 962.07 Crores

FII Activity MAY 2016 Series – Summary Derivative
Index Futures:– 6497.29 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 7872 7854 7914 7966 8026
Sell 7846 7862 7810 7750 7698

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 16798 16744 16952 17128 17336
Sell 16727 16761 16586 16377 16202

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