Nifty is on slight bear note to close at 7455. So today on upside first resistance is at 7496-01 leve. As per the fund flow towards the market In the derivative market, FII’s sold -50.99 crores of Index futures and sold -718.07 crores worth of Index options. In the Stock futures segment, FII’s sold -393.22 crores worth of stock futures and bought 1.87012 crores of stock options.
Intraday NIFTY view:
We will sell nifty with every bounce back of 7500 level. (NIFTY POSITIONAL CALLS)
7,398.50 Down -68.00 (-0.92%)
FII’s and DII’s position:
Fii Activity in Equity :RS. -323.23 Crores
Mf Activity in Equity :RS. -113.98 Crores
Fii Activity in Nifty Future :RS. -50.99 Crs Crores
NIFTY Future Levels: Watch NIFTY LIVE signal
BankNIFTY Future Levels: Watch BankNIFTY LIVE signal
As the nifty open interest data shows proprietary’s and FII’s have sell position towards the market and first time we have seen FII’s selling in this expiry below average holding. On other side DII’s have the sell position. Market sentiment turn bearish for short term.