#NIFTY and #BANKNIFTY strategy for 12-July-2016

#. Nifty closed on a bull note at 8,467.90  made high 8474 of and low of 8408. .So today for intraday on upside resistance are at 8515 and 8557 level .On downside be alert below 8420 and avoid all intraday longs below 8378 level.

#. In the derivative market, FII’s bought 1126.33 crores of Index futures and bought 1592.88 crores worth of Index options. In the Stock futures segment, FII’s sold -548.75 crores worth of stock futures and sold -62.4102 crores of stock options.

#. As per the fund flow FII and PRO’s both have mixed view. As per the data FII have buy position and PRO’s have sell position. On other side clients  have sell position and DII’s have buy position in NIFTY. 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 SPOT INTRADAY LEVEL
R4 8631 BULL
R3 8561 UP BREAKOUT
R2 8535 UP CAUTION
R1 8519 SELL
PIVOT 8422  
S1 8417 BUY
S2 8400 DOWN CAUTION
S3 8375 DOWN BREAK OUT
S4 8305 BEAR

SGX Nifty

8,512.50 UP +24.50 (+0.29%)

FII Activity on nifty future:
Index Futures: + 1126.34 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 8496 8465 8512 8539 8586
Sell 8457 8473 8447 8400 8373

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 18493 18400 18557 18645 18802
Sell 18382 18419 18331 18174 18086

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