7th June Strategy:
Global: Neutral
FII: Negative
DII: Negative
F&O: Neutral
Sentiment: Cautious
Trend: Neutral
Nifty 11800-11925 small day range, Medium range 11725-11950. Bigger range 11650-12035.
BankNifty 30650-31000 small day range, 30500-31250 medium range.
Nifty 11800-11825 Intraday Support and 11925-11950 Supply Zone.
Positional important support zone for Nifty 11650-11725. Below this trend will be negative.
For Existing Long Positions:
Nifty intraday n Closing basis SL 11800
BankNifty intraday n Closing basis SL 30800
For Existing Short Positions:
Nifty intraday SL n Closing basis SL 11950
BankNifty intraday SL 31000 n Closing basis SL 31250
For New Positions:
Buy Nifty near 11800:
SL 11725 Tgt 11850, 11900, 11925
Sell Nifty in 11925-11950 range:
SL 12000 Tgt 11850, 11825
Buy BankNifty near 30500:
SL 30450 TGT 30650, 30800
Sell BankNifty in 31000-31200 range:
SL 31300 TGT 30850
2 Enter F&O Ban: DHFL, PC Jewel
Already in Ban: IDBI
PCR 1.36 VIX 15.52
Stock of the Day:
Buy ICICI Lombard Cash:
SL 1165 Tgt 1200, 1220
Third party insurance premium to go up by 21% from June 16
Aaj Ka Hero:
Sell JSW Steel Futures:
SL 270 Tgt 264, 261
Promoters sold 14 lac shares in open market
