#NIFTY and #BANKNIFTY strategy for 3-Jun-2016

#. Nifty closed on a slight bull note at 8,218.95  UP +39.00 (0.48%) made high 8,229.50 of and low of 8,154.75.So today for intraday on upside resistance are at 8265 and 8299 level .On downside be alert below 8172 and avoid all intraday longs below 8138 level

#. In the derivative market, FII’s sold -159.07 crores of Index futures and bought 82.791 crores worth of Index options. In the Stock futures segment, FII’s bought 83.1602 crores worth of stock futures and sold -4.43018 crores of stock options.

#. As data shows FII, PRO and DII have the sell position in nifty on other side Client has buy position. so we have to caution as there is no clear direction from market.

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 8303 BULL
R3 8268 UP BREAKOUT
R2 8256 UP CAUTION
R1 8248 SELL
PIVOT 8201
S1 8190 BUY
S2 8182 DOWN CAUTION
S3 8170 DOWN BREAK OUT
S4 8135 BEAR

SGX Nifty
8,264.00  UP +30.00 (+0.36%)

FII Activity on nifty future:
Index Futures: – 159.07 Crores

FII Activity June 2016 Series – Summary Derivative
Index Futures: + 2871.61 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 8249 8215 8274 8308 8366
Sell 8207 8224 8189 8131 8097

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 17587 17495 17665 17764 17934
Sell 17477 17513 17413 17243 17143

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