#. Nifty closed on a slight bull note at 7,887.80 UP +21.75 (0.28%) made high 7,896.90 of and low of 7,837.70. So today for intraday on upside intraday resistance are at 7928 and 7955 level .On downside be alert below 7806 and avoid all intraday longs below 7790 level.
#. In the derivative market, FII’s Sold 377.58 crores of Index futures and bought 287.49 crores worth of Index options. In the Stock futures segment, FII’s sold – 732.09 crores worth of stock futures and bought + 25.01 crores of stock options.
#. As per the fund flow where FII’s and PRO’s have mixed view in markets so volatility will be more. Where FII and DII have sell position where client and Pro’s have buy positoin in nifty future.
Intraday NIFTY view:
We are Bullish on NIFTY But book profit at every level. Follow our (NIFTY POSITIONAL CALLS)
NIFTY SPOT INTRADAY LEVEL
R4 7955 BULL R3 7928 UP BREAKOUT R2 7918 UP CAUTION R1 7912 SELL PIVOT 7874 S1 7864 BUY S2 7857 DOWN CAUTION S3 7847 DOWN BREAK OUT S4 7820 BEAR
7,902.50 Down -17.00 ( -0.22%)
FII Activity on nifty future:
Index Futures: -377.58 Crores
FII Activity May 2016 Series – Summary Derivative
Index Futures: – 5535.22 Crores
NIFTY Future Levels: Watch NIFTY LIVE signal
BankNIFTY Future Levels: Watch BankNIFTY LIVE signal