#NIFTY and #BANKNIFTY strategy for 27-OCT-2016

#. Nifty closed on bear note at 8,615.25 -76.05 (-0.88%) made high 8,657.30 of and low of 8,596.60. Overall market trend is positive and nifty holding bullish pattern but caution before making long position.So today for intraday on upside intra resistance are at 8646 and 8672 level and On downside be alert below 8585 and avoid all longs below 8558 level as selling may intensify below this level.

#. In the derivative market, FII’s sold 232 crore of Index futures and bought 764 crores worth of Index options. In the Stock futures segment, FII’s sold 387 crores worth of stock futures and sold 217 crores stock options.

#. As per the fund flow FII and PRO’s both have same position in nifty future. As per the data FII and Pro’s both have below  average sell position.We again expect volatile in market…

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

NIFTY SPOT INTRADAY LEVEL
R4 8719 BULL
R3 8676 UP BREAKOUT
R2 8660 UP CAUTION
R1 8650 SELL
PIVOT 8634  
S1 8581 BUY
S2 8570 DOWN CAUTION
S3 8555 DOWN BREAK OUT
S4 8512 BEAR

SGX Nifty
8,610.50 Down -4.50 (-0.05%)

FII Activity on nifty future:
Index Futures: – 232.18 Crores

FII Activity October 2016 Series – Summary Derivative                                               Index Futures: – 7403.37 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 8630 8619 8658 8703 8741
Short Sell 8604 8628 8583 8545 8499

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 19546 19522 19621 19764 19864
Short Sell 19459 19541 19399 19299 19157

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