#NIFTY and #BANKNIFTY strategy for 25-May-2016

#. Nifty closed on a slight bull note at 7,748.85 UP +17.80 (0.23%) made high 7,761.55 of and low of 7,715.80. So today for intraday on upside resistance are at 7778 and 7799 level .On downside be alert below 7718 and avoid all intraday longs below 7697 level.

#.In the derivative market, FII’s sold -373.23 crores of Index futures and sold -750.6 crores worth of Index options. In the Stock futures segment, FII’s bought 351.471 crores worth of stock futures and sold -55.29 crores of stock options.

Intraday NIFTY view:
Trend: Bull
We are Bullish and holding nifty long position.We may some profit booking from upper level. Follow our (NIFTY POSITIONAL CALLS)

NIFTY SPOT INTRADAY LEVEL
R4 7803 BULL
R3 7782 UP BREAKOUT
R2 7774 UP CAUTION
R1 7769 SELL
PIVOT 7742
S1 7729 BUY
S2 7724 DOWN CAUTION
S3 7716 DOWN BREAK OUT
S4 7695 BEAR

SGX Nifty
7,797.00 UP +41.50 (+0.53%)

FII Activity on nifty future:
Index Futures: – 815.53 Crores

FII Activity March 2016 Series – Summary Derivative
Index Futures: – 8079.12 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 7765 7747 7774 7793 7821
Sell 7739 7754 7735 7708 7689

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 16500 16455 16540 16600 16685
Sell 16439 16472 16412 16327 16267

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