#NIFTY and #BANKNIFTY strategy for 30-Aug-2016

#. Nifty closed on a bullish note note at 8,607.45 UP +34.90 (0.41%) made high 8,622.00 of and low of 8,543.75.So today for intraday on upside resistance are at 8655 and 8691 level and On downside be alert below 8560 and avoid all intraday longs below that level.

#. In the derivative market, FII’s bought 40 crore of Index futures and bought 164 crores worth of Index options. In the Stock futures segment, FII’s bought 406 crores worth of stock futures and sold 32 crores stock options.

#. As per the fund flow FII and PRO’s both have mixed view. As per the data FII have below average buy position and PRO’s have sell position. On other side clients  have buy 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 intraday wise but suggest you please book profit every level. Follow our (NIFTY POSITIONAL CALLS)

NIFTY INTRADAY LEVEL
R4 8695 BULL
R3 8659 UP BREAKOUT
R2 8646 UP CAUTION
R1 8638 SELL
PIVOT 8591
S1 8577 BUY
S2 8569 DOWN CAUTION
S3 8556 DOWN BREAK OUT
S4 8520 BEAR

SGX Nifty
8,676.50     UP +21.00    ( +0.24%)

FII Activity on nifty future:
Index Futures: +40.65 Crores

FII Activity SEP 2016 Series – Summary Derivative
Index Futures: + 627.77 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 8656 8628 8683 8720 8775
Sell 8620 8637 8600 8545 8508

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 19329 19300 19427 19549 19676
Sell 19281 19319 19197 19070 18948

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