#NIFTY and #BANKNIFTY strategy for 5-Aug-2016

#. Nifty closed on a slight bear note at 8,551.10 UP +6.25 (0.07%) made high 8,601.40 of and low of 8,518.15. Nifty showing some sign of bearish pattern.So today for intraday on upside resistance are at 8600 and 8639 level .On downside be alert below 8500 and avoid all intraday longs below 8462 level.

#. In the derivative market, FII’s bought 711 crore of Index futures and bought 1902 crores worth of Index options. In the Stock futures segment, FII’s sold 195 crores worth of stock futures and bought 58 crores of stock options.

#. As per the fund flow FII and PRO’s both have mixed view. As per the data FII have buy position and PRO’s have sell position. On other side clients  have sell position and DII’s have buy position in NIFTY.We again expect volatile in market…

Intraday NIFTY view:
Trend: Bull
We are neutral on NIFTY  but suggest you please book profit every level. Follow our (NIFTY POSITIONAL CALLS)

NIFTY SPOT INTRADAY LEVEL
R4 8643 BULL
R3 8605 UP BREAKOUT
R2 8592 UP CAUTION
R1 8583 SELL
PIVOT 8557  
S1 8520 BUY
S2 8511 DOWN CAUTION
S3 8497 DOWN BREAK OUT
S4 8459 BEAR

SGX Nifty
8,645.50 +41.50 +0.48%

FII Activity on nifty future:
Index Futures: +711.30 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 8601 8587 8630 8670 8714
Short Sell 8578 8595 8555 8512 8472

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 18719 18672 18826 18957 19112
Short Sell 18653 18691 18559 18405 18274

To Get Live Market Support & Assistance in less than 5 minutes
joinUs

 

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.