#NIFTY and #BANKNIFTY strategy for 19-OCT-2016

#. Nifty closed on a bull note at 8,677.90 UP+157.50 (1.85%) made high 8,685.10 of and low of 8,555.90.So today for intraday on upside intra resistance are at 8728 and 8774 level and On downside be alert below 8627 and avoid all longs below 8581 level as selling may intensify below that level.

#. In the derivative market, FII’s sold 729 crore of Index futures and bought 3057 crores worth of Index options. In the Stock futures segment, FII’s bought 1223 crores worth of stock futures and bought 47 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. On other side clients  have sell position and DII’s have buy position in NIFTY.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 8854 BULL
R3 8778 UP BREAKOUT
R2 8751 UP CAUTION
R1 8732 SELL
PIVOT 8628
S1 8623 BUY
S2 8605 DOWN CAUTION
S3 8578 DOWN BREAK OUT
S4 8502 BEAR

SGX Nifty
8,692.50 UP +24.50 +0.28%

FII Activity on nifty future:
Index Futures: – 729.8 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 8686 8638 8720 8765 8847
Sell 8629 8647 8602 8520 8475

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 19538 19408 19649 19784 20025
Sell 19388 19427 19292 19051 18916

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