#NIFTY and #BANKNIFTY strategy for 17-Jun-2016

#. Nifty closed on a slight bull note at 8,140.75 made high 8180.65 of and low of 8074.6.So today for intraday on upside resistance are at 8182 and 8218 level .On downside be alert below 8100 and avoid all intraday longs below 8063 level

#. In the derivative market, FII’s sold -439.39 crores of Index futures and sold -1144.28 crores worth of Index options. In the Stock futures segment, FII’s sold -112.19 crores worth of stock futures and bought 40.4299 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 8282 BULL
R3 8222 UP BREAKOUT
R2 8200 UP CAUTION
R1 8185 SELL
PIVOT 8141
S1 8096 BUY
S2 8082 DOWN CAUTION
S3 8060 DOWN BREAK OUT
S4 8000 BEAR

SGX Nifty
8,207.00     UP +53.00     (+0.65%)

FII Activity on nifty future:
Index Futures: – 439.39 Crores

FII Activity June 2016 Series – Summary Derivative
Index Futures: + 1207.23 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 8165 8142 8203 8251 8312
Sell 8134 8150 8102 8041 7993

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 17701 17671 17818 17957 18104
Sell 17653 17689 17549 17403 17263

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