NIFTY & BANKNIFTY STRATEGY ON 11/09/2014

NIFTY FUTURE CHART

TOMORROW IF NIFTY FUTURE STAY BELOW 8137 LEVEL NIFTY WILL GO UP TO  8055LEVEL. IF STAY ABOVE 8137 LEVEL IT WILL GO UP TO 8218 LEVEL. IF NIFTY FUTURE  CLOSING BELOW 8055 LEVEL IT WILL GO UP TO 7980 LEVEL IN COMING DAYS. IF IT IS CLOSE ABOVE 8218 LEVEL IT WILL REACH 8300 COMING DAYS. SO TAKE POSITION ACCORDINGLY. BUT DOWN SIDE IS MORE PREFERENCE THAN THE UPSIDE.

BANK NIFTY FUTURE CHART

TOMORROW IF BANK NIFTY  FUTURE STAY BELOW 16257 LEVEL BANK NIFTY WILL GO UP TO  16095 LEVEL. IF STAY ABOVE 16257 LEVEL IT WILL GO UP TO 16419 LEVEL. IF BANK NIFTY FUTURE  CLOSING BELOW 16095 LEVEL IT WILL GO UP TO 15850 LEVEL IN COMING DAYS. IF IT IS CLOSE ABOVE 16419 LEVEL IT WILL REACH 16600 LEVEL IN COMING DAYS. SO TAKE POSITION ACCORDINGLY. BUT DOWN SIDE IS MORE PREFERENCE THAN THE UPSIDE. BECAUSE FII's ACCUMULATE BANK NIFTY PUT OPTIONS.