#NIFTY and #BANKNIFTY strategy for 7-Sep-2016

#. Nifty closed on a bull note at 8,943.00  made high 8950 of and low of 8852Market is in bull trend.So today for intraday on upside resistance are at 8987 and 9026 level and On downside be alert below 8898 and avoid all intraday longs below that level.

#.In the derivative market, FII’s bought 331 crore of Index futures and bought 818 crores worth of Index options. In the Stock futures segment, FII’s bought 1173 crores worth of stock futures and sold 28 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 clients  have sell position and DII’s have buy position in NIFTY. Today is the first day of this expiry so some we have to wait and watch one day to get data.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 9095 BULL
R3 9030 UP BREAKOUT
R2 9007 UP CAUTION
R1 8991 SELL
PIVOT 8901
S1 8895 BUY
S2 8879 DOWN CAUTION
S3 8856 DOWN BREAK OUT
S4 8791 BEAR

SGX Nifty
8,983.00 UP +17.00 (+0.19%)

FII Activity on nifty future:
Index Futures: + 331.33 Crores

FII Activity September 2016 Series – Summary Derivative                                           Index Futures: + 6339.66 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 8968 8934 8987 9017 9070
Short Sell 8925 8943 8913 8860 8830

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 20512 20360 20648 20809 21097
Short Sell 20339 20380 20219 19931 19770

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