6th June Strategy:
Global: Positive
FII: Negative
DII: Negative
F&O: Positive
Sentiment: Cautious
Trend: Positive
Nifty 12000 BankNifty 31500 nirnayak levels.
Nifty 12000-12085 small day range, Medium range 11950-12110. Bigger range 11925-12175.
BankNifty 31500-31750 small day range, 31350-31800 medium range. Bigger range 31250-31950.
Nifty 11900-11950 BankNifty 31250-31350 important support zone
For Existing Long Positions:
Nifty intraday 12000 n Closing basis SL 11925
BankNifty intraday 31500 n Closing basis SL 31375
For Existing Short Positions:
Nifty intraday n Closing basis SL 12110
BankNifty intraday n Closing basis SL 31800
For New Positions:
Buy Nifty:
SL 11925 Tgt 12085, 12100, 12175
Sell Nifty near 12100:
SL 12125 Tgt 12050, 12025
Buy BankNifty in 31400-31500 range:
SL 31300 TGT 31650, 31750
Sell BankNifty near 31750:
SL 31800 TGT 31600, 31500, 31400
Enters F&O Ban: IDBI
PCR 1.54 VIX 15.63
Sectors:
Negative: NBFC
Stock of the Day:
Sell DHFL Futures:
SL 113 Tgt 105, 100, 92
CRISIL downgraded DHFL debt to default category
Aaj Ka Hero:
Sell Bharat Forge Futures:
SL 470 Tgt 455, 450
Class 8 truck sales at 3 years low
