#NIFTY and #BANKNIFTY strategy for 26-May-2016

#. Nifty closed on a strong bull note at 7,934.90 UP +186.05 (2.40%) made high 7,941.20 of and low of 7,809.30. So today for intraday on upside resistance are at 7995 and 8030 level .On downside be alert below 7875 and avoid all intraday longs below 7834 level

#. In the derivative market, FII’s bought 3343.41 crores of Index futures and bought 2392.45 crores worth of Index options. In the Stock futures segment, FII’s bought 167.631 crores worth of stock futures and sold -196.3 crores of stock options.

Intraday NIFTY view:
Trend: Bull
We are Bullish and holding nifty long position.We will book profit in higher level. Follow our (NIFTY POSITIONAL CALLS)

NIFTY SPOT INTRADAY LEVEL

R4 8140 BULL
R3 8051 UP BREAKOUT
R2 8018 UP CAUTION
R1 7997 SELL
PIVOT 7875
S1 7873 BUY
S2 7852 DOWN CAUTION
S3 7819 DOWN BREAK OUT
S4 7730 BEAR

SGX Nifty
7,989.00     UP +45.50     +0.57%

FII Activity on nifty future:
Index Futures: + 3343.42 Crores

FII Activity May 2016 Series – Summary Derivative
Index Futures: – 4735.7 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 7949 7895 7990 8042 8138
Sell 7887 7902 7851 7755 7704

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 17026 16881 17161 17316 17595
Sell 16864 16898 16743 16463 16308

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