#. Nifty closed on a slight bull note at 7,860.75 UP +45.85 (0.59%) made high 7,873.90 of and low of 7,772.15. So today for intraday on upside resistance are at 7893 and 7922 level .On downside be alert below 7827 and avoid all intraday longs below 7799 level.
#. In the derivative market, FII’s sold – 193.49 crores of Index futures and bought + 1274.58 crores worth of Index options. In the Stock futures segment, FII’s sold – 405.42 crores worth of stock futures and sold – 58.48 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 suggest you please book profit every level.Follow our (NIFTY POSITIONAL CALLS)
NIFTY SPOT INTRADAY LEVEL
R4 7972 BULL R3 7925 UP BREAKOUT R2 7908 UP CAUTION R1 7897 SELL PIVOT 7836 S1 7825 BUY S2 7814 DOWN CAUTION S3 7797 DOWN BREAK OUT S4 7750 BEAR
7,900.00 UP+20.50 +0.26%
FII Activity on nifty future:
Index Futures: – 193.49 Crores
FII Activity May 2016 Series – Summary Derivative
Index Futures: – 6508.6 Crores
NIFTY Future Levels: Watch NIFTY LIVE signal
BankNIFTY Future Levels: Watch BankNIFTY LIVE signal