#NIFTY and #BANKNIFTY strategy for 13-May-2016

#. Nifty closed on a slight bull note at 7,900.40 made high 7916 of and low of 7,850. So today for intraday on upside resistance are at 7935 level .On downside be alert below 7830 and avoid all intraday longs below 7810 level.

#. In the derivative market, FII’s bought 420.08 crores of Index futures and bought 41.42 crores worth of Index options. In the Stock futures segment, FII’s bought 339.73 crores worth of stock futures and sold + 34.65 crores of stock options.

#. As fund flow FII’s and proprietary’s are having mixed view in market so volatility will be more. Where FII’s and DII having buy position  in Nifty future on other side Client and DII’s have the sell position towards nifty.

Intraday NIFTY view:
Trend: Bull
We are Bearish on NIFTY for short term but profit booking from upper level. Follow our (NIFTY POSITIONAL CALLS)

NIFTY SPOT INTRADAY LEVEL

R4 7976 BULL
R3 7945 UP BREAKOUT
R2 7934 UP CAUTION
R1 7927 SELL
PIVOT 7888
S1 7874 BUY
S2 7867 DOWN CAUTION
S3 7856 DOWN BREAK OUT
S4 7825 BEAR

SGX Nifty
7,878.00     Down -45.00 (    -0.57%)

FII Activity on nifty future:
Index Futures: + 420.08 Crores

FII Activity MAY 2016 Series – Summary Derivative
Index Futures: – 6077.21 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 7934 7905 7954 7984 8033
Sell 7897 7913 7883 7834 7804

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 16999 16933 17055 17132 17254
Sell 16916 16950 16873 16752 16675

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