#. Nifty closed on bear note at 7460.So today on upside first resistance is at 7485-90 level. Further confirmation of trend would arise when price will breakout of this consolidation zone formed between March 2nd to current date.
#. In the derivative market, FII’s bought 553.68 crores of Index futures and bought 873.48 crores worth of Index options. International market is clear in buy mode.
# We have the US FED meeting due on 16th March which is the next big event market is waiting for.
#. Check out weekly report
Intraday NIFTY view:
We are Bullish on NIFTY for short term but suggest you please book profit. Follow our (NIFTY POSITIONAL CALLS)
R4 7561 BULL R3 7519 UP BREAKOUT R2 7503 UP CAUTION R1 7493 SELL PIVOT 7486 S1 7428 BUY S2 7418 DOWN CAUTION S3 7403 DOWN BREAK OUT S4 7361 BEAR
7,479.50 Down -4.00 ( -0.05%)
FII Activity on nifty future:
Index Futures: + 259.69 Crores
FII Activity March 2016 Series – Summary Derivative
Index Futures: + 3556.89 Crores
NIFTY Future Levels: Watch NIFTY LIVE signal
BankNIFTY Future Levels: Watch BankNIFTY LIVE signal
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