#NIFTY and #BANKNIFTY strategy for 16-Aug-2016

#. Nifty closed on a bull note at 8672. So today for intraday on upside intra resistance are at 8702 and 8728 level .On downside be alert below 8641 and avoid all intraday longs below 8616 level.

#.In the derivative market, FII’s sold 173 crore of Index futures and bought 1025 crores worth of Index options. In the Stock futures segment, FII’s bought 612 crores worth of stock futures and sold 48 crores of stock options.

#. As per the fund flow FII and PRO’s both have sell position in nifty. On other side clients  and DII’s have buy position in NIFTY. We again expect volatile 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 INTRADAY LEVEL
R4 8774 BULL
R3 8732 UP BREAKOUT
R2 8716 UP CAUTION
R1 8706 SELL
PIVOT 8650  
S1 8638 BUY
S2 8628 DOWN CAUTION
S3 8613 DOWN BREAK OUT
S4 8571 BEAR

SGX Nifty
8,681.50 Down -35.00 (-0.40%)

FII Activity on nifty future:
Index Futures: – 173.67 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 8685 8661 8712 8749 8800
Short Sell 8652 8669 8632 8581 8543

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 18999 18903 19087 19200 19384
Short Sell 18884 18922 18810 18625 18513

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