#NIFTY and #BANKNIFTY strategy for 6-Jun-2016

#. Nifty closed on a slight bull note at 8220.80 UP +141.50 (1.84%)made high 8252.7 of and low of 8209. .So today for intraday on upside resistance are at 8254 and 8278 level .On downside be alert below 8172 and avoid all intraday longs below 8138 level

#. In the derivative market, FII’s bought 319.32 crores of Index futures and sold -108.82 crores worth of Index options. In the Stock futures segment, FII’s bought 246.45 crores worth of stock futures and sold -19.9202 crores of stock options.

#. As fund flow FII’s hae the Buy position on other side PRO, Client and DII’s have the sell position towards nifty.

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

SGX Nifty
8,240.50     UP +3.50 (+0.04%)

FII Activity on nifty future:
Index Futures: + 319.32 Crores

FII Activity June 2016 Series – Summary Derivative
Index Futures: + 3087.67 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 8253 8243 8264 8294 8315
Sell 8227 8251 8222 8201 8171

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 17683 17661 17716 17784 17839
Sell 17629 17679 17610 17555 17486

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