#NIFTY and #BANKNIFTY strategy for 18-July-2016

#. Nifty closed on a slight bear note note at 8541.45So today for intraday on upside resistance are at 8570 and 8595 level .On downside be alert below 8490 and avoid all intraday longs below 8450 level

#. In the derivative market, FII’s bought 722.82 crores of Index futures and sold -560.891 crores worth of Index options. In the Stock futures segment, FII’s sold -773.57 crores worth of stock futures and sold -155.61 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 neutral 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 SPOT INTRADAY LEVEL

R4 8635 BULL
R3 8596 UP BREAKOUT
R2 8582 UP CAUTION
R1 8573 SELL
PIVOT 8549  
S1 8510 BUY
S2 8500 DOWN CAUTION
S3 8486 DOWN BREAK OUT
S4 8448 BEAR

SGX Nifty
8,578.50 UP+18.00 (+0.21%)

FII Activity on nifty future:
Index Futures: 722.82Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 8568 8557 8594 8637 8674
Sell 8542 8566 8523 8486 8443

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 18989 18935 19066 19167 19298
Sell 18916 18954 18853 18722 18621

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