#NIFTY and #BANKNIFTY strategy for 18-May-2016

#. Nifty closed on a slight bull note at  7,890.75 UP +30.00 (0.38%) made high 7,940.10 of and low of 7,879.70. So today for intraday on upside resistance are at 7939 and 7975 level .On downside be alert below 7842 and avoid all intraday longs below 7806 level

#. In the derivative market, FII’s bought +296.49 crores of Index futures and bought  +647.21 crores worth of Index options. In the Stock futures segment, FII’s Boght +403.49 crores worth of stock futures and sold -9.84 crores of stock options.

#. As fund flow FII’s and proprietary’s all have mixed view in market where FII have buy position where on other side PRO’s,  Client’s and DII’s have the sell position towards nifty.

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 7978 BULL
R3 7942 UP BREAKOUT
R2 7929 UP CAUTION
R1 7920 SELL
PIVOT 7897
S1 7861 BUY
S2 7852 DOWN CAUTION
S3 7839 DOWN BREAK OUT
S4 7803 BEAR

SGX Nifty
7,859.00 Down -50.00 (-0.64%)

FII Activity on nifty future:
Index Futures: +296.49 Crores

FII Activity May 2016 Series – Summary Derivative
Index Futures: – 6412.11 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 7926 7917 7941 7978 8003
Sell 7896 7924 7887 7863 7825

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 16853 16832 16905 17007 17081
Sell 16787 16849 16747 16673 16572

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