Nifty and Banknifty strategy for 1-NOV-2016

#. Nifty closed on a slight bear note at  8,625.70 +10.45 (0.12%) made high 8,653.75 of and low of 8,581.75. So today for intraday on upside intra resistance are at 8664 and 8692 level and On downside be alert below 8586 and avoid all longs below 8558 level.Market is holding bullish note.

#. In the derivative market, FII’s bought 9.44 crores of Index futures and bought 0.0 crores worth of Index options. In the Stock futures segment, FII’s bought 100.45 crores worth of stock futures and bought 0.0 crores of stock options.

#. As fund flow FII’s has buy position around 9.44 crores so caution as before Muhurat trading FII’s and proprietary’s all are having the mixed position in Nifty future where FII have sell and Pro’s are having buy position.

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

NIFTY SPOT INTRADAY LEVEL

R4 8696 BULL
R3 8668 UP BREAKOUT
R2 8658 UP CAUTION
R1 8651 SELL
PIVOT 8640
S1 8600 BUY
S2 8593 DOWN CAUTION
S3 8583 DOWN BREAK OUT
S4 8555 BEAR

SGX Nifty
8,624.50    UP +20.50    (+0.24%)

FII Activity on nifty future:
Index Futures: + 9.44 Crores

FII Activity NOV 2016 Series – Summary Derivative
Index Futures: – 777.58 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 8653 8642 8666 8707 8731
Sell 8616 8651 8609 8585 8544

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 19603 19579 19649 19756 19827
Sell 19523 19598 19491 19421 19314

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