#NIFTY and #BANKNIFTY strategy for 27-May-2016

#. Nifty closed on a slight bull note at NIFTY    8,069.65    +134.75 (1.70%)    made high 8,083.00 of and low of 7,948.50. .So today for intraday on upside resistance are at 8115 and 8157 level .On downside be alert below 8023 and avoid all intraday longs below 7981 level.

#. In the derivative market, FII’s bought 2348.09 crores of Index futures and bought 2146.08 crores worth of Index options. In the Stock futures segment, FII’s bought 1214.9 crores worth of stock futures and bought 3.83008 crores of stock options.

Intraday NIFTY view:
Trend: Bull
We are Bullish on NIFTY but suggest you book profit every level. Follow our (NIFTY POSITIONAL CALLS)

NIFTY SPOT INTRADAY LEVEL

R4 8228 BULL
R3 8160 UP BREAKOUT
R2 8135 UP CAUTION
R1 8119 SELL
PIVOT 8029
S1 8020 BUY
S2 8004 DOWN CAUTION
S3 7979 DOWN BREAK OUT
S4 7911 BEAR

SGX Nifty
8,101.00 UP +20.00 ( +0.27% )

FII Activity on nifty future:
Index Futures: + 2348.09 Crores

FII Activity  May Series – Summary Derivative
Index Futures: – 1115.92 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 8076 8035 8111 8156 8232
Sell 8027 8043 7998 7922 7877

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 17307 17190 17438 17592 17840
Sell 17173 17207 17054 16806 16652

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