#NIFTY and #BANKNIFTY strategy for 27-July-2016

#. Nifty closed on a slight bear note at 7881  So today for intraday on upside intraday resistance are at 7850 and 7840 level .On downside be alert below 7815 and avoid all intraday longs below 7780 level.

#. In the derivative market, FII’s bought 394.489 crores of Index futures and sold -427.281 crores worth of Index options. In the Stock futures segment, FII’s sold -493.941 crores worth of stock futures and sold -190.22 crores of stock options.

#. As per the fund flow FII and PRO’s both have same view in NIFTY. As per the data FII’s  and PRO’s have buy position. On other side clients  have sell position and DII have neutral position. As market is holding bullish pattern and there is no profit booking sign. We are also bullish in market.

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

NIFTY SPOT INTRADAY LEVEL

R4 8667 BULL
R3 8636 UP BREAKOUT
R2 8625 UP CAUTION
R1 8618 SELL
PIVOT 8604
S1 8564 BUY
S2 8556 DOWN CAUTION
S3 8545 DOWN BREAK OUT
S4 8514 BEAR

SGX Nifty
8,601.50     UP +10.50    ( +0.12%)

FII Activity on nifty future:
Index Futures: + 394.489 Crores

FII Activity June 2016 Series – Summary Derivative
Index Futures: +6546.81 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 8614 8603 8633 8678 8709
Sell 8580 8611 8567 8536 8491

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 18931 18907 19004 19153 19249
Sell 18836 18926 18777 18680 18531

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