#NIFTY and #BANKNIFTY strategy for 8-Aug-2016

8#. Nifty closed on a slight bear note at 8,683.15 UP +132.05 (1.54%) made high 8,689.40 of and low of 8,590.15. Nifty showing some bullish pattern. So today for intraday on upside resistance are at 8728 and 8765 level .On downside be alert below 8635 and avoid all intraday longs below 8600 level

#. In the derivative market, FII’s bought 480 crore of Index futures and bought 1998 crores worth of Index options. In the Stock futures segment, FII’s sold 15 crores worth of stock futures and sold 3 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 buy position and DII’s have sell position in NIFTY.We have RBI meet tomorrow 9th Aug and there is no weakness in global market. We again expect volatile in this week so caution and book profit at every level.

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 8832 BULL
R3 8769 UP BREAKOUT
R2 8745 UP CAUTION
R1 8730 SELL
PIVOT 8641
S1 8636 BUY
S2 8621 DOWN CAUTION
S3 8598 DOWN BREAK OUT
S4 8534 BEAR

SGX Nifty
8,760.00 UP +57.50 +0.66%

FII Activity on nifty future:
Index Futures: +480.91 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 8715 8681 8735 8767 8821
Short Sell 8673 8690 8659 8605 8573

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 19026 18793 19240 19478 19925
Short Sell 18774 18812 18574 18127 17889

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

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s