#NIFTY and #BANKNIFTY strategy for 21-July-2016

#. Nifty closed on a slight bull note at 8565.So today for intraday on upside resistance are at 8602 and 8629 level .On downside be alert below 8530 and avoid all intraday longs below 8503 level.

#. In the derivative market, FII’s bought 46.39 crores of Index futures and sold -198.66 crores worth of Index options. In the Stock futures segment, FII’s sold -874.53 crores worth of stock futures and bought 0.0 crores of stock options.

#. As per the fund flow FII, DII’s and PRO’s both have same view. As per the data FII’s, DII’s  and PRO’s have buy position. On other side clients have sell position. We again expect some volatility in market

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

NIFTY SPOT INTRADAY LEVEL

R4 8632 BULL
R3 8606 UP BREAKOUT
R2 8596 UP CAUTION
R1 8590 SELL
PIVOT 8549
S1 8542 BUY
S2 8535 DOWN CAUTION
S3 8526 DOWN BREAK OUT
S4 8500 BEAR

SGX Nifty
8,577.50    Down -11.50    ( -0.13%)

FII Activity on nifty future:
Index Futures: + 46.39 Crores

FII Activity JULY 2016 Series – Summary Derivative
Index Futures: + 5549.89 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 8591 8568 8599 8618 8648
Sell 8560 8577 8558 8528 8509

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 19046 18995 19088 19154 19247
Sell 18976 19014 18948 18855 18789

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