NIFTY AND BANKNIFTY STRATEGY FOR 20-Feb-2016

#. Nifty was on a bear trend and closed at 10378 level .So today on upside first intra resistance is at 10429-34 level.On downside first support is at 10327-22 level. Market is in bear zone and be very alert.So today for intraday on upside intra resistance are at 10434 and 10486 level On downside be alert below 10322 and avoid all longs below 10270 level as selling may intensify below that level.

Intraday NIFTY view:
Trend: Bear
We are neutral on NIFTY  but suggest you please book profit every level. Follow our.s

NIFTY INTRADAY LEVEL
R4 10577 BULL
R3 10492 UP BREAKOUT
R2 10461 UP CAUTION
R1 10440 SELL
PIVOT 10390
S1 10317 BUY
S2 10296 DOWN CAUTION
S3 10265 DOWN BREAK OUT
S4 10180 BEAR

SGX Nifty
10,400.50 Down-5.00 -0.05%

FII Activity on nifty future:

Index Futures: – 1153 Crores

Index Options: + 2160.39 Crores

Stock Futures: + 408.24 Crores

Stock Options: + 7.52 Crores

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10392 10379 10474 10574 10669
SSell 10363 10390 10289 10195 10094

BankNIFTY Future Levels:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 25093 25061 25295 25545 25779
SSell 25020 25086 24836 24603 24353

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