#. Nifty closed on a slight bull note at 8541 .So today for intraday on upside resistance are at 8575 and 8605 level .On downside be alert below 8505 and avoid all intraday longs below 8475 level.
#. In the derivative market, FII’s bought 558.66 crores of Index futures and sold -1113.71 crores worth of Index options. In the Stock futures segment, FII’s sold -483.55 crores worth of stock futures and sold -49.2197 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 have sell position and DII’s have buy position. As there is not clear direction last 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 but suggest you please book profit every level . Follow our (NIFTY POSITIONAL CALLS)
NIFTY SPOT INTRADAY LEVEL R4 8609 BULL R3 8582 UP BREAKOUT R2 8572 UP CAUTION R1 8566 SELL PIVOT 8527 S1 8516 BUY S2 8510 DOWN CAUTION S3 8500 DOWN BREAK OUT S4 8473 BEAR
8,545.00 Down-12.00 ( -0.14%)
FII Activity on nifty future:
Index Futures: + 437.78 Crores
FII Activity June 2016 Series – Summary Derivative
Index Futures: + 6440.41 Crores
NIFTY Future Levels: Watch NIFTY LIVE signal
BankNIFTY Future Levels: Watch BankNIFTY LIVE signal