#NIFTY and #BANKNIFTY strategy for 29-Jun-2016

#. Nifty closed on a slight bull note at 8,127.85 made high 8146.3 of and low of 8091.65.So today for intraday on upside resistance are at 8168 and 8195 level .On downside be alert below 8090 and avoid all intraday longs below 8065 level

#. In the derivative market, FII’s sold -791.95 crores of Index futures and bought 1403.75 crores worth of Index options. In the Stock futures segment, FII’s sold -309.051 crores worth of stock futures and sold -34.48 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  have buy position and DII’s have sell position in NIFTY. We again expect volatile in market..

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 8196 BULL
R3 8169 UP BREAKOUT
R2 8159 UP CAUTION
R1 8152 SELL
PIVOT 8120
S1 8103 BUY
S2 8097 DOWN CAUTION
S3 8087 DOWN BREAK OUT
S4 8060 BEAR

SGX Nifty
8,157.00    UP +25.50    ( +0.31%)

FII Activity on nifty future:
Index Futures: – 791.95 Crores

FII Activity June 2016 Series – Summary Derivative
Index Futures: – 4203.47 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 8142 8123 8164 8196 8238
Sell 8114 8131 8098 8057 8025

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 17567 17537 17628 17712 17803
Sell 17520 17555 17471 17380 17297

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