#. Nifty closed on a slight bull note at 7,890.75 UP +30.00 (0.38%) made high 7,940.10 of and low of 7,879.70. So today for intraday on upside resistance are at 7939 and 7975 level .On downside be alert below 7842 and avoid all intraday longs below 7806 level
#. In the derivative market, FII’s bought +296.49 crores of Index futures and bought +647.21 crores worth of Index options. In the Stock futures segment, FII’s Boght +403.49 crores worth of stock futures and sold -9.84 crores of stock options.
#. As fund flow FII’s and proprietary’s all have mixed view in market where FII have buy position where on other side PRO’s, Client’s and DII’s have the sell 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 7978 BULL R3 7942 UP BREAKOUT R2 7929 UP CAUTION R1 7920 SELL PIVOT 7897 S1 7861 BUY S2 7852 DOWN CAUTION S3 7839 DOWN BREAK OUT S4 7803 BEAR
7,859.00 Down -50.00 (-0.64%)
FII Activity on nifty future:
Index Futures: +296.49 Crores
FII Activity May 2016 Series – Summary Derivative
Index Futures: – 6412.11 Crores
NIFTY Future Levels: Watch NIFTY LIVE signal
BankNIFTY Future Levels: Watch BankNIFTY LIVE signal