Nifty and Banknifty strategy for 16-NOV-2016

#. Nifty closed on a strong bear note at 8108 made high 8289 and low of 8093.So today for intraday on upside intra resistance are at 8169 and 8224 level and On downside be alert below 8047 and avoid all longs below that level as selling may intensify below that level

#. In the derivative market, FII’s sold 1356 crore of Index futures and sold 2297 crores worth of Index options. In the Stock futures segment, FII’s sold 1012 crores worth of stock futures and sold 161 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.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 INTRADAY LEVEL
R4 8320 BULL
R3 8228 UP BREAKOUT
R2 8194 UP CAUTION
R1 8172 SELL
PIVOT 8166  
S1 8045 BUY
S2 8023 DOWN CAUTION
S3 7989 DOWN BREAK OUT
S4 7897 BEAR

SGX Nifty
8,151.00 +36.00 +0.44%

FII Activity on nifty future:
Index Futures: – 1356.64 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 8190 8180 8239 8343 8403
Sell 8127 8188 8084 8024 7920

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 19536 19512 19727 20105 20320
Short Sell 19330 19531 19154 18938 18561

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