#NIFTY and #BANKNIFTY strategy for 2-Sep-2016

#. Nifty closed on a bull note at 8,774.65  Down-11.55 (-0.13%) made high 8,813.25 of and low of 8,759.95. So today for intraday on upside resistance are at 8808 and 8833 level and On downside be alert below 8740 and avoid all intraday longs below 8716 level

# All global markets are holding bullish pattern and We are also bullish on NIFTY and we have to caution and trade with tight Stop loss.

#. In the derivative market, FII’s bought 363 crore of Index futures and bought 805 crores worth of Index options. In the Stock futures segment, FII’s sold 405 crores worth of stock futures and bought 17 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 SPOT INTRADAY LEVEL
R4 8837 BULL
R3 8813 UP BREAKOUT
R2 8804 UP CAUTION
R1 8798 SELL
PIVOT 8783  
S1 8751 BUY
S2 8746 DOWN CAUTION
S3 8737 DOWN BREAK OUT
S4 8713 BEAR

SGX Nifty
8,339.00    UP  +3.50     +0.04%

FII Activity on nifty future:
Index Futures: +363.7 Crores

FII Activity September 2016 Series 
Index Futures: + 6407.52 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 8825 8814 8841 8877 8904
Short Sell 8795 8822 8786 8759 8722

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 19890 19865 19949 20069 20153
Short Sell 19810 19885 19765 19681 19561

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