#NIFTY and #BANKNIFTY strategy for 24-May-2016

#. Nifty closed on a slight bull note at 7,731.05   Down -18.65 (-0.24%)     made high 7,820.60 of and low of 2,049.06. So today for intraday on upside resistance are at 7762 and 7789 level .On downside be alert below 7700 and avoid all intraday longs below 7673 level

#. As fund flow FII’s , proprietary’s and DII’s all are having the buy position in Nifty future on other side Client  have the sell position towards nifty.

Intraday NIFTY view:
Trend: Bull
We are Bullish on NIFTY for short term but suggest you please book profit every level. We might see trend reversal today. Follow our (NIFTY POSITIONAL CALLS)

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

FII Activity on nifty future:
Index Futures: + 325.92 Crores

FII Activity May 2016 Series – Summary Derivative
Index Futures:  – 7705.9 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 7772 7762 7791 7841 7870
Sell 7733 7770 7720 7690 7640

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 16498 16478 16573 16726 16821
Sell 16405 16494 16342 16246 16094

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