#NIFTY and #BANKNIFTY strategy for 28-July-2016

#. Nifty closed on a slight bull note at 8,615.80 +25.15 (0.29%) made high 8,665.00 of and low of 8,572.05. Nifty still holding bullish pattern.  So today for intraday on upside intra resistance are at 8645 and 8670 level .On downside be alert below 8585 and avoid all intraday longs below 8560 level.

#. In the derivative market, FII’s bought 83.2803 crores of Index futures and bought 1142.46 crores worth of Index options. In the Stock futures segment, FII’s sold -213.211 crores worth of stock futures and sold -104.53 crores of stock options.

#. As per the fund flow FII and PRO’s both have same view. As per the data FII’s  and PRO’s have buy position. On other side clients and DII’s  have sell position. Today is expiry and we may see some volatility .

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 8718 BULL
R3 8676 UP BREAKOUT
R2 8660 UP CAUTION
R1 8650 SELL
PIVOT 8618  
S1 8582 BUY
S2 8572 DOWN CAUTION
S3 8556 DOWN BREAK OUT
S4 8514 BEAR

SGX Nifty
8,611.00 UP +2.50 (+0.03%)

FII Activity on nifty future:
Index Futures:  + 83.28 Crores

FII Activity July 2016 Series – Summary Derivative
Index Futures: +6630.09 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 8623 8612 8662 8713 8763
Sell 8602 8620 8569 8519 8468

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 19040 18997 19138 19261 19402
Sell 18978 19016 18894 18753 18630

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