#. Nifty closed on a slight bear note at 8,510.10 Down-55.75 (-0.65%) made high 8,585.25 of and low of 8,503.45.Nifty is holding bullish pattern So today for intraday on upside resistance are at 8560 and 8596 level .On downside be alert below 8475 and avoid all intraday longs below 8425 level.
#. In the derivative market, FII’s bought 331.96 crores of Index futures and bought 821.52 crores worth of Index options. In the Stock futures segment, FII’s sold -46.48 crores worth of stock futures and sold -123.11 crores of stock options.
#. As per the fund flow FII and PRO’s both have mixed view in NIFTY. As per the data FII’s have buy position and PRO’s have sell position. On other side clients and DII’s have sell position. As there is not clear direction this week but as per the data we again expect some volatile in market so caution.We are still bullish unless our stop loss trigger.
Intraday NIFTY view:
We are Bullish on NIFTY for short term but suggest you please book profit every level. Follow our (NIFTY POSITIONAL CALLS)
NIFTY SPOT INTRADAY LEVEL
R4 8601 BULL R3 8563 UP BREAKOUT R2 8550 UP CAUTION R1 8541 SELL PIVOT 8533 S1 8479 BUY S2 8470 DOWN CAUTION S3 8457 DOWN BREAK OUT S4 8420 BEAR
8,533.00 UP +10.00 (+0.12%)
FII Activity on nifty future:
Index Futures: + 331.96 Crores
FII Activity July 2016 Series – Summary Derivative
Index Futures: + 5881.85 Crores
NIFTY Future Levels: Watch NIFTY LIVE signal
BankNIFTY Future Levels: Watch BankNIFTY LIVE signal