#NIFTY and #BANKNIFTY strategy for 8-Jun-2016

#. Nifty closed on a bull note at 8,266.45    UP +65.40 (0.80%)    made high 8,294.95 of and low of 8,216.40. .So today for intraday on upside resistance are at 8297 and 8323 level .On downside be alert below 8235 and avoid all intraday longs below 8209 level.

#.In the derivative market, FII’s bought 257.16 crores of Index futures and bought 344.959 crores worth of Index options. In the Stock futures segment, FII’s sold -333.24 crores worth of stock futures and sold -110.68 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. There is no weakness in global markets and all the major indices are holding bull run.

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

NIFTY SPOT INTRADAY LEVEL

R4 8369 BULL
R3 8326 UP BREAKOUT
R2 8311 UP CAUTION
R1 8301 SELL
PIVOT 8254
S1 8232 BUY
S2 8222 DOWN CAUTION
S3 8207 DOWN BREAK OUT
S4 8164 BEAR

SGX Nifty
7,460.50 UP +20.00 ( +0.27% )

FII Activity on nifty future:
Index Futures: + 257.16 Crores

FII Activity June 2016 Series – Summary Derivative
Index Futures: + 3964.68 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 8289 8273 8321 8362 8409
Sell 8265 8282 8240 8193 8151

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 17907 17825 17999 18114 18288
Sell 17807 17843 17729 17555 17440

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