#NIFTY and #BANKNIFTY strategy for 22-July-2016

#. Nifty closed on a slight bear note at 8,510.10 Down-55.75 (-0.65%) made high 8,585.25 of and low of 8,503.45.Nifty is holding bullish pattern So today for intraday on upside resistance are at 8560 and 8596 level .On downside be alert below 8475 and avoid all intraday longs below 8425 level.

#. In the derivative market, FII’s bought 331.96 crores of Index futures and bought 821.52 crores worth of Index options. In the Stock futures segment, FII’s sold -46.48 crores worth of stock futures and sold -123.11 crores of stock options.

#. As per the fund flow FII and PRO’s both have mixed view in NIFTY. As per the data FII’s have buy position  and PRO’s have sell position. On other side clients and DII’s  have sell position. As there is not clear direction this week but as per the data we again expect some volatile in market so caution.We are still bullish unless our stop loss trigger.

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 8601 BULL
R3 8563 UP BREAKOUT
R2 8550 UP CAUTION
R1 8541 SELL
PIVOT 8533
S1 8479 BUY
S2 8470 DOWN CAUTION
S3 8457 DOWN BREAK OUT
S4 8420 BEAR

SGX Nifty
8,533.00 UP +10.00 (+0.12%)

FII Activity on nifty future:
Index Futures: + 331.96 Crores

FII Activity July 2016 Series – Summary Derivative
Index Futures: + 5881.85 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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