#NIFTY and #BANKNIFTY strategy for 1-Jun-2016

#. Nifty closed on a slight bear note at 8,160.10 Down -18.40 (-0.22%) made high 8,213.60  of and low of 8,134.30.So today for intraday on upside intra resistance are at 8208 and 8245 level .On downside be alert below 8111 and avoid all intraday longs below 8075 level.

#.In the cash market today, FII’s sold -114.52 crores stock whereas DII’s bought 60.28 crores worth of stock.  In the derivative market, FII’s bought 598.8 crores of Index futures and sold -63.3398 crores worth of Index options. In the Stock futures segment, FII’s sold -253.851 crores worth of stock futures and sold -49.97 crores of stock options.

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

Intraday NIFTY view:
Trend: Bull
We are Bullish on NIFTY  but suggest you please book profit every level. Follow our (NIFTY POSITIONAL CALLS)

NIFTY SPOT INTRADAY LEVEL
R4 8248 BULL
R3 8212 UP BREAKOUT
R2 8199 UP CAUTION
R1 8190 SELL
PIVOT 8169
S1 8130 BUY
S2 8122 DOWN CAUTION
S3 8109 DOWN BREAK OUT
S4 8072 BEAR

SGX Nifty
8,204.00 UP +15.50 +0.19%

FII Activity on nifty future:
Index Futures: + 598.8 Crores

FII Activity June 2016 Series – Summary Derivative
Index Futures: + 3317.22 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 8198 8188 8224 8261 8297
Sell 8179 8196 8159 8123 8086

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 17626 17557 17678 17752 17873
Sell 17540 17575 17501 17380 17306

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