NIFTY AND BANKNIFTY STRATEGY FOR 21-FEB-2016

#.  Nifty was on a bear trend and closed at 10360 level .So today on upside first intra resistance is at 10382-87 level.On downside first support is at 10338-33 level. Market is in bear zone and be very alert.So today for intraday on upside intra resistance are at 10387 and 10410 level On downside be alert below 10333 and avoid all longs below 10310 level as selling may intensify below that level.

#. As per the fund flow FII and PRO’s both have sell position. so any positive opening will be a selling opportunity.

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

NIFTY INTRADAY LEVEL
R4 10453 BULL
R3 10416 UP BREAKOUT
R2 10402 UP CAUTION
R1 10393 SELL
PIVOT 10379
S1 10328 BUY
S2 10319 DOWN CAUTION
S3 10305 DOWN BREAK OUT
S4 10268 BEAR

SGX Nifty
10,430.00 UP+64.50 +0.62%

FII Activity on nifty future:

Index Futures: – 1832.27 Crores

Index Options: – 1539.98 Crores

Stock Futures: + 1011.94 Crores

Stock Options: + 232.16 Crores

NIFTY Future Levels to watch:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 10375 10362 10397 10456 10491
SSell 10328 10372 10314 10279 10220

BankNIFTY Future Levels:

Signal       Signal Price  Stop Loss Target-1 Target-2 Target-3
Buy 24959 24928 25057 25266 25395
SSell 24822 24953 24743 24615 24405

1518714583_tmp_Contact_US_HD

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s