#NIFTY and #BANKNIFTY strategy for 7-Jun-2016

#. Nifty closed on a slight bear note at 8,201.05 made high 8234 of and low of 8186. So today for intraday on upside resistance are at 8232 and 8254 level .On downside be alert below 8170 and avoid all intraday longs below 8146 level

#. In the derivative market, FII’s bought 516.59 crores of Index futures and sold -95.6299 crores worth of Index options. In the Stock futures segment, FII’s sold -636.88 crores worth of stock futures and bought 11.1802 crores of stock options.

#. As fund flow FII’s and proprietary’s all are having the buy position in Nifty future on other side Client and DII’s have the sell position towards nifty.

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

NIFTY SPOT INTRADAY LEVEL

R4 8258 BULL
R3 8236 UP BREAKOUT
R2 8228 UP CAUTION
R1 8223 SELL
PIVOT 8207
S1 8180 BUY
S2 8174 DOWN CAUTION
S3 8166 DOWN BREAK OUT
S4 8144 BEAR

SGX Nifty
8,274.00     UP +39.50 (    +0.48%)

FII Activity on nifty future:
Index Futures: + 516.59 Crores

FII Activity June 2016 Series – Summary Derivative
Index Futures:+ 3115.97 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 8237 8227 8252 8277 8302
Sell 8217 8235 8209 8184 8158

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 17692 17670 17729 17795 17854
Sell 17645 17688 17622 17563 17497

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