#NIFTY and #BANKNIFTY strategy for 19-July-2016

#. Nifty closed on a slight bear note at 8,508.70 made high 8585.20 of and low of 8496. So today for intraday on upside resistance are at 8540 and 8560 level .On downside be alert below 8475 and avoid all intraday longs below 8450 level

#. In the derivative market, FII’s bought 806.55 crores of Index futures and bought 641.801 crores worth of Index options. In the Stock futures segment, FII’s sold -392.71 crores worth of stock futures and sold -15.8398 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. Today is the first day of this expiry so some we have to wait and watch one day to get data.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 8610 BULL
R3 8568 UP BREAKOUT
R2 8553 UP CAUTION
R1 8543 SELL
PIVOT 8530  
S1 8475 BUY
S2 8465 DOWN CAUTION
S3 8449 DOWN BREAK OUT
S4 8407 BEAR

SGX Nifty
8,539.00 UP +19.50  (+0.23%)

FII Activity on nifty future:
Index Futures: +806.55 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 8551 8541 8575 8635 8669
Sell 8508 8549 8490 8455 8396

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 19033 19009 19107 19264 19362
Sell 18931 19028 18871 18773 18616

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