#. Nifty closed with negative note at 7,783.40 Down 86.75 (-1.10%) made high 7,876.20 of and low of 7,766.80. So today for intraday on upside resistance are at 7819 and 7848 level .On downside be alert below 7748 and avoid all intraday longs below 7718 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 and DII have sell position where on other side Client’s and PRO 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. We might see trend reversal today or Monday. Follow our (NIFTY POSITIONAL CALLS)
7,728.00 Down -52.50 (-0.68%)
FII Activity on nifty future:
Index Futures: – 293.29 Crores
FII Activity May 2016 Series – Summary Derivative
Index Futures: – 7986.91 Crores
NIFTY Future Levels: Watch NIFTY LIVE signal
BankNIFTY Future Levels: Watch BankNIFTY LIVE signal