#NIFTY and #BANKNIFTY strategy for 14-Jun-2016

#. Nifty closed on a slight bear trend at 8,110.60 made high 8124.4 of and low of 8064. Today for intraday on upside resistance are at 8145 and 8175 level .On downside be alert below 8075 and avoid all intraday longs below 8045 level

#. In the derivative market, FII’s sold -615.61 crores of Index futures and bought 649.121 crores worth of Index options. In the Stock futures segment, FII’s sold -1387.01 crores worth of stock futures and sold -3.67993 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 some weakness in global markets and all the major indices are holding bear trend.

Intraday NIFTY view:
Trend: Bull
We are Bearish on NIFTY (Holding 50% nifty sell position). Follow our (NIFTY POSITIONAL CALLS)

NIFTY SPOT INTRADAY LEVEL

R4 8226 BULL
R3 8177 UP BREAKOUT
R2 8160 UP CAUTION
R1 8148 SELL
PIVOT 8115
S1 8073 BUY
S2 8062 DOWN CAUTION
S3 8044 DOWN BREAK OUT
S4 7996 BEAR

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

FII Activity on nifty future:
Index Futures: – 615.61 Crores

FII Activity June 2016 Series – Summary Derivative
Index Futures: + 4166.31 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 8137 8116 8154 8181 8218
Sell 8108 8124 8097 8059 8032

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 17576 17554 17634 17715 17795
Sell 17536 17571 17491 17410 17329

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