#. Nifty closed on a slight bear note at 7,814.90 Down-85.50 (-1.08%)made high 7,881.00 of and low of 7,784.20. So today for intraday on upside resistance are at 7851 and 7882 level .On downside be alert below 7778 and avoid all intraday longs below 7746 level
#. In the derivative market, FII’s sold – 237.90 crores of Index futures and sold – 414.40 crores worth of Index options. In the Stock futures segment, FII’s sold – 324.05 crores worth of stock futures and sold – 83.58 crores of stock options.
#. As fund flow FII’s and proprietary’s all are having the sell position in Nifty future on other side Client and DII’s have the buy 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 7939 BULL R3 7887 UP BREAKOUT R2 7867 UP CAUTION R1 7855 SELL PIVOT 7833 S1 7775 BUY S2 7763 DOWN CAUTION S3 7743 DOWN BREAK OUT S4 7691 BEAR
7,781.00 Down -48.50 -0.62%
FII Activity on nifty future:
Index Futures: – 237.90 Crores
FII Activity MAy2016 Series – Summary Derivative
Index Futures: – 6315.11 Crores
NIFTY Future Levels: Watch NIFTY LIVE signal
BankNIFTY Future Levels: Watch BankNIFTY LIVE signal