#NIFTY and #BANKNIFTY strategy for 26-July-2016

#. Nifty closed on a slight bull note at 7635. So today for intraday on upside resistance are at 8674 and 8709 level .On downside be alert below 8596 and avoid all intraday longs below 8560 level.

#. In the derivative market, FII’s sold -288.08 crores of Index futures and bought 604.32 crores worth of Index options. In the Stock futures segment, FII’s sold -631.079 crores worth of stock futures and sold -115.6 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 sell position  and PRO’s have buy position. On other side clients and DII’s  have sell position. As market is holding bullish pattern and there is no profit booking sign. We are not holding any position.

Intraday NIFTY view:
Trend: Bull
We are Bullish with neural note but suggest you please book profit every level Follow our (NIFTY POSITIONAL CALLS)

NIFTY SPOT INTRADAY LEVEL

R4 8770 BULL
R3 8713 UP BREAKOUT
R2 8692 UP CAUTION
R1 8679 SELL
PIVOT 8598
S1 8593 BUY
S2 8579 DOWN CAUTION
S3 8558 DOWN BREAK OUT
S4 8501 BEAR

SGX Nifty
8,640.00     UP+3.00    ( +0.03%)

FII Activity on nifty future:
Index Futures: – 288.08 Crores

FII Activity June 2016 Series – Summary Derivative
Index Futures: + 6152.33 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 8646 8601 8676 8716 8790
Sell 8592 8610 8569 8495 8455

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 19027 18890 19183 19363 19656
Sell 18871 18909 18729 18436 18256

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