#NIFTY and #BANKNIFTY strategy for 19-May-2016

#. Nifty closed on a slight bull note at 7,870.15 made high 7879 of and low of 7810.95. So today for intraday on upside intraday resistance are at 7909 and 7922level .On downside be alert below 7815 and avoid all intraday longs below 7782 level.

#. In the derivative market, FII’s sold -1281.51 crores of Index futures and sold-111.87 crores worth of Index options. In the Stock futures segment, FII’s bought +285.18 crores worth of stock futures and sold -100.40 crores of stock options.

#. As fund flow FII’s and proprietary’s have mixed view in market where FII have sell position where on other side PRO’s, Client’s and DII’s have the buy position towards nifty. So intraday volatility will be more so caution making any position in 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 7959 BULL
R3 7922 UP BREAKOUT
R2 7909 UP CAUTION
R1 7900 SELL
PIVOT 7857
S1 7840 BUY
S2 7832 DOWN CAUTION
S3 7818 DOWN BREAK OUT
S4 7782 BEAR

SGX Nifty
7,845.50 Down -31.50 (-0.40%)

FII Activity on nifty future:
Index Futures: – 1281.51 Crores

FII Activity May2016 Series – Summary Derivative
Index Futures: – 7693.62 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 7885 7869 7930 7984 8045
Sell 7861 7877 7822 7761 7706

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 16774 16703 16840 16926 17063
Sell 16686 16720 16633 16497 16410

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