#NIFTY and #BANKNIFTY strategy for 1-Sep-2016

#. Nifty closed on a bull note at 8,786.20 UP +41.85 (0.48%) made high 8,819.20 of and low of 8,754.05..So today for intraday on upside resistance are at 8811 and 8833 level and On downside be alert below 8760 and avoid all intraday longs below 8739 level,

#. In the derivative market, FII’s bought 2885 crore of Index futures and bought 428 crores worth of Index options. In the Stock futures segment, FII’s bought 204 crores worth of stock futures and bought 52 crores 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 client’s and DII’s have sell position . Its start of the expiry so caution before making any position as data suggest it can go anywhere.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 8870 BULL
R3 8836 UP BREAKOUT
R2 8824 UP CAUTION
R1 8816 SELL
PIVOT 8783
S1 8757 BUY
S2 8749 DOWN CAUTION
S3 8736 DOWN BREAK OUT
S4 8702 BEAR

SGX Nifty
8,816.00 Down -28.50 (-0.32%)

FII Activity on nifty future:
Index Futures: +2885.7 Crores

FII Activity September 2016 Series – Summary Derivative                                         Index Futures: + 6043.82 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 8843 8825 8866 8900 8940
Short Sell 8817 8834 8800 8760 8726

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 19875 19803 19962 20074 20234
Short Sell 19783 19823 19711 19551 19439

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