#NIFTY and #BANKNIFTY strategy for 2-Jun-2016

#. Nifty closed on a slight bull note at 8,179.95 made high 8212 of and low of 8171.So today for intraday on upside resistance are at 8215 and 8245 level .On downside be alert below 8145 and avoid all intraday longs below 8120 level

#. In the cash market today, FII’s bought 259.9 crores stock whereas DII’s sold -160.49 crores worth of stock.  In the derivative market, FII’s sold -286.54 crores of Index futures and bought 349.99 crores worth of Index options. In the Stock futures segment, FII’s bought 560.74 crores worth of stock futures and bought 49.5 crores of stock options.

#. As per the fund flow nifty is holding bullish pattern. but first time this expirty FII and pro have made the sell position.

Intraday NIFTY viewo
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 8246 BULL
R3 8218 UP BREAKOUT
R2 8209 UP CAUTION
R1 8203 SELL
PIVOT 8185
S1 8157 BUY
S2 8151 DOWN CAUTION
S3 8142 DOWN BREAK OUT
S4 8116 BEAR

SGX Nifty
8,179.50  Down -23.50     (-0.29%)

FII Activity on nifty future:
Index Futures: – 286.54 Crores

FII Activity June 2016 Series – Summary Derivative
Index Futures: + 3030.68 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 8205 8195 8216 8242 8263
Sell 8182 8203 8178 8157 8131

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 17495 17473 17573 17736 17836
Sell 17394 17490 17328 17227 17065

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