#NIFTY and #BANKNIFTY strategy for 10-Jun-2016

#. Nifty closed on a slight bull note at 8203.60 made high 8274 of and low of 8184. So today for intraday on upside intra resistance are at 8233 and 8257 level .On downside be alert below 8175 and avoid all intraday longs below 8150 level

#. In the derivative market, FII’s bought 697.55 crores of Index futures and bought 670.15 crores worth of Index options. In the Stock futures segment, FII’s sold -375.42 crores worth of stock futures and sold -99.0601 crores of stock options.

#.#. As fund flow FII’s and proprietary’s both having mixed view in Nifty future so caution as market will be more volatile.There is no weakness in global markets and all the major indices are holding bull run

Intraday NIFTY view:
Trend: Bull
We are Bearish today suggest you please book profit every level. Follow our (NIFTY POSITIONAL CALLS)

NIFTY SPOT INTRADAY LEVEL
R4 8301 BULL
R3 8260 UP BREAKOUT
R2 8246 UP CAUTION
R1 8236 SELL
PIVOT 8221
S1 8171 BUY
S2 8161 DOWN CAUTION
S3 8147 DOWN BREAK OUT
S4 8107 BEAR

SGX Nifty
8,216.00     Down -9.00     (-0.11%)

FII Activity on nifty future:
Index Futures: + 697.54 Crores

FII Activity June 2016 Series – Summary Derivative
Index Futures: + 4458.63 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 8246 8236 8276 8327 8367
Sell 8217 8244 8193 8153 8102

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 17857 17835 17928 18022 18115
Sell 17817 17853 17759 17666 17573

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