#NIFTY and #BANKNIFTY strategy for 11-July-2016

#. Nifty closed on a slight negative note at 8323 .So today for intraday on upside intra resistance are at 8364 and 8394 level .On downside be alert below 8282 and avoid all intraday longs below 8252 level and a close below 8219 signals another bear trend

#. In the derivative market, FII’s sold -221.64 crores of Index futures and bought 401.078 crores worth of Index options. In the Stock futures segment, FII’s bought 281.85 crores worth of stock futures and sold -29.25 crores of stock options.

#. As per the fund flow FII and PRO’s both have same view. As per the data FII  and PRO’s have below average sell position. On other side clients  and DII’s have buy position in NIFTY.

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 8398 BULL
R3 8368 UP BREAKOUT
R2 8357 UP CAUTION
R1 8350 SELL
PIVOT 8321  
S1 8297 BUY
S2 8290 DOWN CAUTION
S3 8279 DOWN BREAK OUT
S4 8249 BEAR

SGX Nifty
8,435.00 UP +100.00 (+1.19%)

FII Activity on nifty future:
Index Futures: – 221.64Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 8343 8324 8357 8382 8415
Sell 8316 8332 8308 8274 8250

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 18073 18042 18130 18209 18297
Sell 18024 18060 17981 17893 17814

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