#NIFTY and #BANKNIFTY strategy for 25-July-2016

#. Nifty closed on a slight bull note at 8541 .So today for intraday on upside resistance are at 8575 and 8605 level .On downside be alert below 8505 and avoid all intraday longs below 8475 level.

#. In the derivative market, FII’s bought 558.66 crores of Index futures and sold -1113.71 crores worth of Index options. In the Stock futures segment, FII’s sold -483.55 crores worth of stock futures and sold -49.2197 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 have sell position and DII’s  have buy position. As there is not clear direction last 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  but suggest you please book profit every level . Follow our (NIFTY POSITIONAL CALLS)

NIFTY SPOT INTRADAY LEVEL
R4 8609 BULL
R3 8582 UP BREAKOUT
R2 8572 UP CAUTION
R1 8566 SELL
PIVOT 8527
S1 8516 BUY
S2 8510 DOWN CAUTION
S3 8500 DOWN BREAK OUT
S4 8473 BEAR

SGX Nifty
8,545.00     Down-12.00    ( -0.14%)

FII Activity on nifty future:
Index Futures: + 437.78 Crores

FII Activity June 2016 Series – Summary Derivative
Index Futures: + 6440.41 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 8561 8535 8574 8599 8638
Sell 8527 8544 8520 8480 8456

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 18749 18688 18805 18885 19002
Sell 18669 18707 18627 18510 18430

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