#NIFTY and #BANKNIFTY strategy for 13-Jun-2016

#. Nifty closed on a bear note 8,170.05 made high 8264 of and low of 8132.So today for intraday on upside intra resistance are at 8203 and 8232 level .On downside be alert below 8136 and avoid all intraday longs below 8110 level

#. In the derivative market, FII’s bought 323.29 crores of Index futures and sold -254.01 crores worth of Index options. In the Stock futures segment, FII’s sold -505.44 crores worth of stock futures and sold -59.9402 crores of stock options.

#. As per fund flow FII’s and PRO’s both are bullish in nifty but they are hedging the position by taking the  puts and writing call.on other sid clients and DII have sell position in NIFTY.

Intraday NIFTY view:
Trend: Bull
We are Bearish on NIFTY for short term. Follow our (NIFTY POSITIONAL CALLS). We are holding nifty sell position we will book profit as per market move.

NIFTY INTRADAY LEVEL

R4 8281 BULL
R3 8234 UP BREAKOUT
R2 8218 UP CAUTION
R1 8206 SELL
PIVOT 8200
S1 8134 BUY
S2 8123 DOWN CAUTION
S3 8106 DOWN BREAK OUT
S4 8059 BEAR

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

FII Activity on nifty future:
Index Futures: +323.29 Crores

FII Activity June 2016 Series – Summary Derivative
Index Futures: + 4781.92 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 8226 8216 8265 8344 8393
Sell 8178 8224 8145 8096 8018

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 17872 17849 17957 18125 18232
Sell 17770 17867 17699 17592 17423

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