#NIFTY and #BANKNIFTY strategy for 16-Jun-2016

#. Nifty closed on a slight bull note at 8,206.60 made high 8213 of and low of 8123.So today for intraday on upside resistance are at 8240 and 8269 level .On downside be alert below 8172 and avoid all intraday longs below 8143 level.

#. In the derivative market, FII’s sold -638.73 crores of Index futures and bought 804.0 crores worth of Index options. In the Stock futures segment, FII’s sold -227.15 crores worth of stock futures and bought 52.0701 crores of stock options.

#.  As per the fund flow FII and Pro both have mixed view but they are very much clear about market trend. And holding selling position.On other side Clients and DII have buy position in Nifty.

Intraday NIFTY view:
Trend: Bull
We are Bearish on NIFTY for short term but suggest you please book profit every level.Follow our (NIFTY POSITIONAL CALLS)

NIFTY SPOT INTRADAY LEVEL

R4 8321 BULL
R3 8273 UP BREAKOUT
R2 8255 UP CAUTION
R1 8244 SELL
PIVOT 8176
S1 8170 BUY
S2 8158 DOWN CAUTION
S3 8141 DOWN BREAK OUT
S4 8093 BEAR

SGX Nifty
8,173.00     Down -39.00    ( -0.48%)

FII Activity on nifty future:
Index Futures: – 638.74Crores

FII Activity June 2016 Series – Summary Derivative
Index Futures: + 1646.62 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 8228 8182 8263 8309 8391
Sell 8174 8190 8144 8063 8017

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 17891 17783 17982 18096 18295
Sell 17765 17801 17687 17488 17374

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