#. Nifty closed on a slight bear note at 7,848.85 Down -38.95 (-0.49%) made high 7,893.10 of and low of 7,780.90. So today for intraday on upside intra resistance are at 7884 and 7915 level .On downside be alert below 7812 and avoid all intraday longs below 7782 level.
#. In the derivative market, FII’s Sell – 962.07 crores of Index futures and bought + 1145.44 crores worth of Index options. In the Stock futures segment, FII’s bought + 1072.04crores worth of stock futures and sold – 43.23 crores of stock options.
#. In the fund flow FII has made a sell position on nifty future.
Intraday NIFTY view:
We are Bearish on NIFTY for short term but suggest you please book profit every level. Follow our (NIFTY POSITIONAL CALLS)
NIFTY SPOT INTRADAY LEVEL
R4 7970 BULL R3 7919 UP BREAKOUT R2 7900 UP CAUTION R1 7888 SELL PIVOT 7841 S1 7810 BUY S2 7798 DOWN CAUTION S3 7779 DOWN BREAK OUT S4 7728 BEAR
7,460.50 UP +20.00 ( +0.27% )
FII Activity on nifty future:
Index Futures: – 962.07 Crores
FII Activity MAY 2016 Series – Summary Derivative
Index Futures:– 6497.29 Crores
NIFTY Future Levels: Watch NIFTY LIVE signal
BankNIFTY Future Levels: Watch BankNIFTY LIVE signal