#NIFTY and #BANKNIFTY strategy for 8-July-2016

#. Nifty closed on a slight flat note at 8337 made high 8362 of and low of 8321.1. .So today for intraday on upside resistance are at 8367 and 8387 level .On downside be alert below 8308 and avoid all intraday longs below 8266 level.

#. In the derivative market, FII’s sold -224.38 crores of Index futures and bought 349.689 crores worth of Index options. In the Stock futures segment, FII’s sold -479.22 crores worth of stock futures and sold -13.5601 crores of stock options.

#. As per the fund flow FII and PRO’s both have mixed view. As per the data FII have sell position and PRO’s have buy position. On other side clients  have buy position. We again expect volatile in market…

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

NIFTY INTRADAY LEVEL
R4 8391 BULL
R3 8371 UP BREAKOUT
R2 8363 UP CAUTION
R1 8358 SELL
PIVOT 8339  
S1 8317 BUY
S2 8313 DOWN CAUTION
S3 8305 DOWN BREAK OUT
S4 8285 BEAR

SGX Nifty
8,341.00  Down -28.50 (-0.34%)

FII Activity on nifty future:
Index Futures: – 224.37 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 8366 8356 8386 8418 8448
Sell 8346 8364 8332 8302 8270

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 18153 18129 18217 18305 18393
Sell 18111 18147 18060 17972 17885

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