#. Nifty closed on a slight bull note at 7,900.40 made high 7916 of and low of 7,850. So today for intraday on upside resistance are at 7935 level .On downside be alert below 7830 and avoid all intraday longs below 7810 level.
#. In the derivative market, FII’s bought 420.08 crores of Index futures and bought 41.42 crores worth of Index options. In the Stock futures segment, FII’s bought 339.73 crores worth of stock futures and sold + 34.65 crores of stock options.
#. As fund flow FII’s and proprietary’s are having mixed view in market so volatility will be more. Where FII’s and DII having buy position in Nifty future on other side Client and DII’s have the sell position towards nifty.
Intraday NIFTY view:
We are Bearish on NIFTY for short term but profit booking from upper level. Follow our (NIFTY POSITIONAL CALLS)
NIFTY SPOT INTRADAY LEVEL
R4 7976 BULL R3 7945 UP BREAKOUT R2 7934 UP CAUTION R1 7927 SELL PIVOT 7888 S1 7874 BUY S2 7867 DOWN CAUTION S3 7856 DOWN BREAK OUT S4 7825 BEAR
7,878.00 Down -45.00 ( -0.57%)
FII Activity on nifty future:
Index Futures: + 420.08 Crores
FII Activity MAY 2016 Series – Summary Derivative
Index Futures: – 6077.21 Crores
NIFTY Future Levels: Watch NIFTY LIVE signal
BankNIFTY Future Levels: Watch BankNIFTY LIVE signal