#. Nifty closed on a slight bear note at 8,203.70 made high 8238.20 of and low of 8153.65. So today for intraday on upside resistance are at 8233 and 8255 level .On downside be alert below 8175 and avoid all intraday longs below 8151 level.
#. In the derivative market, FII’s sold -497.17 crores of Index futures and sold -390.07 crores worth of Index options. In the Stock futures segment, FII’s bought 347.78 crores worth of stock futures and bought 33.51 crores of stock options.
#.. As per the fund flow FII and PRO’s both have mixed view. As per the data FII have sell position and PRO’s have buy position. On other side clients have buy and DII’s have sell position in NIFTY. We again expect volatile in market.
Intraday NIFTY view:
We are neutral on NIFTY for short term. Follow our (NIFTY POSITIONAL CALLS)
NIFTY SPOT INTRADAY LEVEL
R4 8298 BULL R3 8259 UP BREAKOUT R2 8245 UP CAUTION R1 8235 SELL PIVOT 8198 S1 8172 BUY S2 8163 DOWN CAUTION S3 8149 DOWN BREAK OUT S4 8110 BEAR
8,206.50 UP+2.50 +0.03%
FII Activity on nifty future:
Index Futures: – 497.17 Crores
FII Activity June 2016 Series – Summary Derivative
Index Futures: – 1676.24 Crores
NIFTY Future Levels: Watch NIFTY LIVE signal
BankNIFTY Future Levels: Watch BankNIFTY LIVE signal