#. Nifty closed on a slight bear note at 7,706.55 -40.45 (-0.52%) made high 7,749.00 of and low of 7,697.25. So today for intraday on upside intra resistance are at 7739 and 7763 level .On downside be alert below 7673 and avoid all intraday longs below 7650 level
#. In the derivative market, FII’s sold -1277.91 crores of Index futures and sold -511.77 crores worth of Index options. In the Stock futures segment, FII’s sold -627.21 crores worth of stock futures and sold -50.28 crores of stock options.
#market expected to be more volatile as FII and PRO has mixed view in markets where FII’s have sell position where PRO’s, DII’s and client have buy position in nifty future.
Intraday NIFTY view:
We are Bearish on NIFTY for short term. Follow our (NIFTY POSITIONAL CALLS)
NIFTY SPOT INTRADAY LEVEL
R4 7766 BULL R3 7743 UP BREAKOUT R2 7734 UP CAUTION R1 7728 SELL PIVOT 7718 S1 7685 BUY S2 7679 DOWN CAUTION S3 7671 DOWN BREAK OUT S4 7647 BEAR
7,697.00 Down-27.00 -0.35%
FII Activity on nifty future:
Index Futures: – 1277.9 Crores
FII Activity March 2016 Series – Summary Derivative
Index Futures: – 3870.5 Crores
NIFTY Future Levels: Watch NIFTY LIVE signal
BankNIFTY Future Levels: Watch BankNIFTY LIVE signal