#. Nifty closed unchanged at 7531. So today on upside first resistance is at 7563-68 level.
#. In the derivative market, FII’s bought 154.62 crores of Index futures and bought 741.641 crores worth of Index options. In the Stock futures segment, FII’s sold -1253.49 crores worth of stock futures and bought 89.1602 crores of stock options.
#. Therefore, price structure and data needs to indicate strength consistently for traders to build positions gradually. Nifty and Bank Nifty are both sustaining above the support levels and for the time being, this is a positive sign.
Intraday NIFTY view:
We are Bullish on NIFTY for short term but suggest you please book profit every level As we have ECB meet pending today night. Follow our (NIFTY POSITIONAL CALLS)
R4 7656 BULL R3 7603 UP BREAKOUT R2 7584 UP CAUTION R1 7571 SELL PIVOT 7498 S1 7493 BUY S2 7480 DOWN CAUTION S3 7461 DOWN BREAK OUT S4 7408 BEAR
7,555.00 UP +21.00 (+0.28%)
FII Activity on nifty future:
Index Futures: + 154.62 Crores
FII Activity March 2016 Series – Summary Derivative
Index Futures: + 4662.34 Crores
NIFTY Future Levels: Watch NIFTY LIVE signal
BankNIFTY Future Levels: Watch BankNIFTY LIVE signal