#. Nifty closed on a slight bull note at 7,870.15 made high 7879 of and low of 7810.95. So today for intraday on upside intraday resistance are at 7909 and 7922level .On downside be alert below 7815 and avoid all intraday longs below 7782 level.
#. In the derivative market, FII’s sold -1281.51 crores of Index futures and sold-111.87 crores worth of Index options. In the Stock futures segment, FII’s bought +285.18 crores worth of stock futures and sold -100.40 crores of stock options.
#. As fund flow FII’s and proprietary’s have mixed view in market where FII have sell position where on other side PRO’s, Client’s and DII’s have the buy position towards nifty. So intraday volatility will be more so caution making any position in 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 7959 BULL R3 7922 UP BREAKOUT R2 7909 UP CAUTION R1 7900 SELL PIVOT 7857 S1 7840 BUY S2 7832 DOWN CAUTION S3 7818 DOWN BREAK OUT S4 7782 BEAR
7,845.50 Down -31.50 (-0.40%)
FII Activity on nifty future:
Index Futures: – 1281.51 Crores
FII Activity May2016 Series – Summary Derivative
Index Futures: – 7693.62 Crores
NIFTY Future Levels: Watch NIFTY LIVE signal
BankNIFTY Future Levels: Watch BankNIFTY LIVE signal