#NIFTY and #BANKNIFTY strategy for 31-May-2016

#. Nifty closed on a slight bull note at 8,178.50 UP+21.85 (0.27%)   made high 8,200.00 of and low of 8,150.80.Market is in bull region .So today for intraday on upside resistance are at 8185 and 8215 level .On downside be alert below 8125 and avoid all intraday longs below 8100 level

#. In the derivative market, FII’s bought 555.94 crores of Index futures and bought 1241.57 crores worth of Index options. In the Stock futures segment, FII’s sold -378.13 crores worth of stock futures and bought 88.99 crores of stock options.

#. Looks nifty will be in intraday range and we might see some volatility.

Intraday NIFTY view:
Trend: Bull
We are Bullish on NIFTY. Follow our (NIFTY POSITIONAL CALLS)

NIFTY SPOT INTRADAY LEVEL

R4 8236 BULL
R3 8214 UP BREAKOUT
R2 8206 UP CAUTION
R1 8200 SELL
PIVOT 8176
S1 8157 BUY
S2 8152 DOWN CAUTION
S3 8143 DOWN BREAK OUT
S4 8121 BEAR

SGX Nifty
8,213.00 UP+18.00    (+0.22%)

FII Activity on nifty future:
Index Futures: + 555.94 Crores

FII Activity June 2016 Series – Summary Derivative
Index Futures: + 2718.42 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 8203 8192 8216 8243 8267
Sell 8182 8201 8174 8150 8124

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 17557 17535 17613 17727 17805
Sell 17481 17553 17439 17361 17247

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