#. Nifty closed on a slight bear trend at 8,110.60 made high 8124.4 of and low of 8064. Today for intraday on upside resistance are at 8145 and 8175 level .On downside be alert below 8075 and avoid all intraday longs below 8045 level
#. In the derivative market, FII’s sold -615.61 crores of Index futures and bought 649.121 crores worth of Index options. In the Stock futures segment, FII’s sold -1387.01 crores worth of stock futures and sold -3.67993 crores of stock options.
#. As fund flow FII’s and proprietary’s both having mixed view in Nifty future so caution as market will be more volatile.There is some weakness in global markets and all the major indices are holding bear trend.
Intraday NIFTY view:
We are Bearish on NIFTY (Holding 50% nifty sell position). Follow our (NIFTY POSITIONAL CALLS)
NIFTY SPOT INTRADAY LEVEL
R4 8226 BULL R3 8177 UP BREAKOUT R2 8160 UP CAUTION R1 8148 SELL PIVOT 8115 S1 8073 BUY S2 8062 DOWN CAUTION S3 8044 DOWN BREAK OUT S4 7996 BEAR
7,460.50 UP +20.00 ( +0.27% )
FII Activity on nifty future:
Index Futures: – 615.61 Crores
FII Activity June 2016 Series – Summary Derivative
Index Futures: + 4166.31 Crores
NIFTY Future Levels: Watch NIFTY LIVE signal
BankNIFTY Future Levels: Watch BankNIFTY LIVE signal