#NIFTY and #BANKNIFTY strategy for 14-Sep-2016

#. Nifty closed on a bearish note note at 8,715.60 -151.10 (-1.70%) made high 8,746.95 of and low of 8,699.40. Nifty turn bearish mode. So today for intraday on upside intraday resistance are at 8770 and 8788 level .On downside be alert below 8660 and avoid all intraday longs below 8615 level.

#.In the derivative market, FII’s sold 597 crore of Index futures and bought 5578 crores worth of Index options. In the Stock futures segment, FII’s sold 922 crores worth of stock futures and sold 10 crores stock options.

#. As per the fund flow FII and PRO’s both have mixed view. As per the data FII have sell position and PRO’s have buy position.After a long time FII has started profit booking in both Cash as well as in derivative. We again expect volatile in market but be in the bearish side.

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

NIFTY SPOT INTRADAY LEVEL
R4 8892 BULL
R3 8816 UP BREAKOUT
R2 8788 UP CAUTION
R1 8770 SELL
PIVOT 8761
S1 8661 BUY
S2 8643 DOWN CAUTION
S3 8615 DOWN BREAK OUT
S4 8539 BEAR

SGX Nifty
8,718.00     Down -57.00     (-0.65%)

FII Activity on nifty future:
Index Futures: -597.52 Crores

FII Activity Sep 2016 Series – Summary Derivative
Index Futures: + 5287.22 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 8765 8754 8785 8832 8863
Sell 8729 8763 8716 8684 8637

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 19910 19875 20001 20117 20242
Sell 19856 19895 19780 19654 19538

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