#NIFTY and #BANKNIFTY strategy for 12-Aug-2016

#. Nifty closed on a bull note at 8,592.15 made high 8601.1 of and low of 8540.2.Market is still in bull region.So today for intraday on upside intra resistance are at 8630 and 8658 level .On downside be alert below 8553 and avoid all intraday longs below 8525 level

#. In the derivative market, FII’s bought 6 crore of Index futures and bought 517 crores worth of Index options. In the Stock futures segment, FII’s sold 956 crores worth of stock futures and sold 30 crores of stock options.

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

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 8662 BULL
R3 8634 UP BREAKOUT
R2 8624 UP CAUTION
R1 8618 SELL
PIVOT 8578  
S1 8567 BUY
S2 8560 DOWN CAUTION
S3 8550 DOWN BREAK OUT
S4 8522 BEAR

SGX Nifty
8,629.00 UP +12.00 +0.14%

FII Activity on nifty future:
Index Futures: + 6.39 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 8619 8598 8636 8663 8701
Short Sell 8590 8607 8579 8542 8514

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 18734 18685 18786 18862 18963
Short Sell 18666 18704 18628 18527 18452

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