#NIFTY and #BANKNIFTY strategy for 28-Jun-2016

#. Nifty closed on a slight bull note at 8,094.70 made high 8116.35 of and low of 8053.So today for intraday on upside resistance are at 8122 and 8145 level .On downside be alert below 8045 and avoid all intraday longs below 8007 level

#. In the derivative market, FII’s sold -287.41 crores of Index futures and sold -403.73 crores worth of Index options. In the Stock futures segment, FII’s bought 60.5801 crores worth of stock futures and sold -136.79 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. We again expect volatile in market.

Intraday NIFTY view:
Trend: Bull
We are neutral on NIFTY for short term. Follow our (NIFTY POSITIONAL CALLS)

NIFTY SPOT INTRADAY LEVEL

R4 8185 BULL
R3 8148 UP BREAKOUT
R2 8134 UP CAUTION
R1 8125 SELL
PIVOT 8085
S1 8064 BUY
S2 8055 DOWN CAUTION
S3 8042 DOWN BREAK OUT
S4 8005 BEAR

SGX Nifty
8,081.00     UP +1.00     (+0.01%)

FII Activity on nifty future:
Index Futures: – 287.41 Crores

FII Activity June 2016 Series – Summary Derivative
Index Futures: – 3411.52 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 8111 8090 8136 8172 8218
Sell 8082 8098 8062 8016 7980

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 17503 17463 17594 17707 17838
Sell 17445 17480 17367 17236 17123

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