#NIFTY and #BANKNIFTY strategy for 19-Aug-2016

#. Nifty closed on a bullish note note at 8,673.25 UP +49.20 (0.57%)  made high 8,690.70 of and low of 8,645.05. Nifty showing some bear pattern but holding bullish note. So today for intraday on upside  resistance are at 8714 and 8745 level .On downside be alert below 8631 and avoid all intraday longs below 8601 level.

#. In the derivative market, FII’s bought 45 crore of Index futures and bought 1355 crores worth of Index options. In the Stock futures segment, FII’s bought 196 crores worth of stock futures and sold 16 crores stock options.

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

NIFTY SPOT INTRADAY LEVEL

R4 8749 BULL
R3 8719 UP BREAKOUT
R2 8708 UP CAUTION
R1 8700 SELL
PIVOT 8663
S1 8646 BUY
S2 8639 DOWN CAUTION
S3 8628 DOWN BREAK OUT
S4 8598 BEAR

SGX Nifty
8,688.50 UP +5.50 ( +0.06%)

FII Activity on nifty future:
Index Futures: + 45.08 Crores

FII Activity Aug 2016 Series – Summary Derivative
Index Futures: + 2178.68  Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 8692 8680 8710 8739 8769
Short Sell 8672 8689 8660 8630 8601

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 19376 19268 19463 19574 19769
Short Sell 19248 19287 19176 18980 18869

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