#. Nifty closed on a slight bear note at 7881 So today for intraday on upside intraday resistance are at 7850 and 7840 level .On downside be alert below 7815 and avoid all intraday longs below 7780 level.
#. In the derivative market, FII’s bought 394.489 crores of Index futures and sold -427.281 crores worth of Index options. In the Stock futures segment, FII’s sold -493.941 crores worth of stock futures and sold -190.22 crores of stock options.
#. As per the fund flow FII and PRO’s both have same view in NIFTY. As per the data FII’s and PRO’s have buy position. On other side clients have sell position and DII have neutral position. As market is holding bullish pattern and there is no profit booking sign. We are also bullish in market.
Intraday NIFTY view:
We are Bullish on NIFTY for short term but suggest you please book profit every . Follow our (NIFTY POSITIONAL CALLS)
NIFTY SPOT INTRADAY LEVEL
R4 8667 BULL R3 8636 UP BREAKOUT R2 8625 UP CAUTION R1 8618 SELL PIVOT 8604 S1 8564 BUY S2 8556 DOWN CAUTION S3 8545 DOWN BREAK OUT S4 8514 BEAR
8,601.50 UP +10.50 ( +0.12%)
FII Activity on nifty future:
Index Futures: + 394.489 Crores
FII Activity June 2016 Series – Summary Derivative
Index Futures: +6546.81 Crores
NIFTY Future Levels: Watch NIFTY LIVE signal
BankNIFTY Future Levels: Watch BankNIFTY LIVE signal