#NIFTY and #BANKNIFTY strategy for 1-Aug-2016

#. Nifty closed on a sligh bear  at 8638. So today for intraday on upside intra resistance are at 8664 and 8702 level .On downside be alert below 8612 and avoid all intraday longs below 8577 level

#. In the derivative market, FII’s bought 84 crore of Index futures and bought 1392 crores worth of Index options. In the Stock futures segment, FII’s sold 865 crores worth of stock futures and bought 7 crores of stock options.

#. As per the fund flow FII and PRO’s both have bullish view. As per the data FII have buy position and PRO’s have buy position. On other side clients  have sell position and DII’s have buy position in NIFTY.

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 8686 BULL
R3 8669 UP BREAKOUT
R2 8662 UP CAUTION
R1 8658 SELL
PIVOT 8647  
S1 8619 BUY
S2 8615 DOWN CAUTION
S3 8608 DOWN BREAK OUT
S4 8591 BEAR

SGX Nifty
8,723.50 UP +36.00 +0.41%

FII Activity on nifty future:
Index Futures: +84 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 8706 8696 8727 8772 8803
Short Sell 8674 8704 8660 8628 8583

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 19097 19074 19156 19273 19356
Short Sell 19021 19093 18976 18893 18777

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