#NIFTY and #BANKNIFTY strategy for 20-May-2016

#. Nifty closed with negative note at 7,783.40 Down 86.75 (-1.10%)    made high 7,876.20 of and low of 7,766.80. So today for intraday on upside resistance are at 7819 and 7848 level .On downside be alert below 7748 and avoid all intraday longs below 7718 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 and DII have sell position where on other side  Client’s and PRO 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. We might see trend reversal today or Monday. Follow our (NIFTY POSITIONAL CALLS)

SGX Nifty
7,728.00 Down -52.50 (-0.68%)

FII Activity on nifty future:
Index Futures: – 293.29 Crores

FII Activity May 2016 Series – Summary Derivative
Index Futures: – 7986.91 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 7817 7807 7843 7904 7940
Sell 7773 7815 7753 7718 7656

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 16807 16786 17043 17531 17787
Sell 16539 16803 16315 16059 15571

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