#NIFTY and #BANKNIFTY strategy for 14-July-2016

#. Nifty closed on a neutal note at 8519 made high 8543 of and low of 8494.So today for intraday on upside resistance are at 8555 and 8581 level .On downside be alert below 8483 and avoid all intraday longs below 8456 level.

#. In the derivative market, FII’s bought 673.03 crores of Index futures and bought 197.49 crores worth of Index options. In the Stock futures segment, FII’s bought 154.03 crores worth of stock futures and sold -83.6299 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  but suggest you please book profit every level. Follow our (NIFTY POSITIONAL CALLS)

NIFTY SPOT INTRADAY LEVEL
R4 8585 BULL
R3 8559 UP BREAKOUT
R2 8550 UP CAUTION
R1 8544 SELL
PIVOT 8521  
S1 8495 BUY
S2 8489 DOWN CAUTION
S3 8480 DOWN BREAK OUT
S4 8454 BEAR

SGX Nifty
8,522.50 UP +5.50 (+0.06%)

FII Activity on nifty future:
Index Futures:+ 673.03 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 8528 8518 8539 8562 8583
Sell 8507 8526 8503 8482 8459

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 18668 18644 18716 18791 18862
Sell 18622 18663 18588 18517 18442

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