#. Nifty closed unchanged at 7486. So today on upside first resistance is at 7513-18 level.
#. In the derivative market, FII’s sold -28.53 crores of Index futures and bought 411.971 crores worth of Index options. In the Stock futures segment, FII’s sold -635.54 crores worth of stock futures and sold -0.799927 crores of stock options.
#.If FII’s begin to sell again, price would move swiftly on the down side as not much support is coming in from DII’s.
#. FII’s and Propritery’s both have the same view in market and both holding the NIFTY future sell position.
Intraday NIFTY view: (weekly Report)
We are Bearish on NIFTY for short term but suggest you please book profit every level as its first day of selling and price didn’t confirm so watch NIFTY spot 7424 level . Follow our (NIFTY POSITIONAL CALLS)
R4 7594 BULL R3 7548 UP BREAKOUT R2 7532 UP CAUTION R1 7521 SELL PIVOT 7494 S1 7451 BUY S2 7440 DOWN CAUTION S3 7424 DOWN BREAK OUT S4 7379 BEAR
7,436.50 Down (-51.50 ) -0.69%
FII Activity on nifty future:
Index Futures: -28.53 Crores
FII Activity March 2016 Series – Summary Derivative
Index Futures: + 4633.81 Crores
NIFTY Future Levels: Watch NIFTY LIVE signal
BankNIFTY Future Levels: Watch BankNIFTY LIVE signal