#NIFTY and #BANKNIFTY strategy for 13-July-2016

#. Nifty closed on a slight bull note at 8,521.05 made high 8525.6 of and low of8480.6.So today for intraday on upside resistance are at 8555 and 8585 level .On downside be alert below 8480 and avoid all intraday longs below 8455 level.

#. In the derivative market, FII’s bought 1148.66 crores of Index futures and bought 1000.42 crores worth of Index options. In the Stock futures segment, FII’s sold -89.6499 crores worth of stock futures and bought 15.1699 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 client’s and DII’s have sell position in NIFTY. We again expect volatile in market…

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

NIFTY SPOT INTRADAY LEVEL

R4 8589 BULL
R3 8562 UP BREAKOUT
R2 8552 UP CAUTION
R1 8546 SELL
PIVOT 8505
S1 8496 BUY
S2 8490 DOWN CAUTION
S3 8480 DOWN BREAK OUT
S4 8454 BEAR

SGX Nifty
8,540.00     UP+16.00     (+0.19%)

FII Activity on nifty future:
Index Futures: + 1148.06 Crores

FII Activity July 2016 Series – Summary Derivative
Index Futures: + 2287.56 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 8535 8514 8541 8557 8583
Sell 8506 8523 8507 8480 8464

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 18711 18630 18760 18833 18963
Sell 18612 18649 18576 18446 18374

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