#. Nifty closed on a slight bull note at 8,615.80 +25.15 (0.29%) made high 8,665.00 of and low of 8,572.05. Nifty still holding bullish pattern. So today for intraday on upside intra resistance are at 8645 and 8670 level .On downside be alert below 8585 and avoid all intraday longs below 8560 level.
#. In the derivative market, FII’s bought 83.2803 crores of Index futures and bought 1142.46 crores worth of Index options. In the Stock futures segment, FII’s sold -213.211 crores worth of stock futures and sold -104.53 crores of stock options.
#. As per the fund flow FII and PRO’s both have same view. As per the data FII’s and PRO’s have buy position. On other side clients and DII’s have sell position. Today is expiry and we may see some volatility .
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 8718 BULL R3 8676 UP BREAKOUT R2 8660 UP CAUTION R1 8650 SELL PIVOT 8618 S1 8582 BUY S2 8572 DOWN CAUTION S3 8556 DOWN BREAK OUT S4 8514 BEAR
8,611.00 UP +2.50 (+0.03%)
FII Activity on nifty future:
Index Futures: + 83.28 Crores
FII Activity July 2016 Series – Summary Derivative
Index Futures: +6630.09 Crores
NIFTY Future Levels: Watch NIFTY LIVE signal
BankNIFTY Future Levels: Watch BankNIFTY LIVE signal