#NIFTY and #BANKNIFTY strategy for 21-Jun-2016

#. Nifty closed on a strong bull note at 8,238.50 made high 8242.5 of and low of 8108.35. So today for intraday on upside resistance are at 8280 and 8320 level .On downside be alert below 8195 and avoid all intraday longs below 8155 level

#.In the derivative market, FII’s sold 1335 crore of Index futures and sold 1054 crores worth of Index options. In the Stock futures segment, FII’s bought 290 crores worth of stock futures and sold 6 crores of stock options.

#. As per the fund flow FII and PRO’s both have mixed view. As per the data FII have sell position and PRO’s have buy position. On other side clients and DII’s have buy position in NIFTY.

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

NIFTY SPOT INTRADAY LEVEL
R4 8386 BULL
R3 8323 UP BREAKOUT
R2 8300 UP CAUTION
R1 8285 SELL
PIVOT 8197
S1 8192 BUY
S2 8177 DOWN CAUTION
S3 8154 DOWN BREAK OUT
S4 8091 BEAR

SGX Nifty
8,245.00     UP +2.50     (+0.03%)

FII Activity on nifty future:
Index Futures: – 1335.96Crores

FII Activity June 2016 Series – Summary Derivative
Index Futures: – 609 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 8258 8203 8303 8359 8459
Sell 8194 8211 8155 8055 7999

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 17742 17639 17867 18015 18242
Sell 17621 17657 17509 17281 17134

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