#. Nifty closed on a slight bear note at 8,622.90 -13.65 (-0.16%) made high 8,687.20 of and low of 8,611.40. Nifty still holding bullish pattern. Today for intraday on upside resistance are at 8665 and 8705 level .On downside be alert below 8575 and avoid all intraday longs below 8576 level
#. In the derivative market, FII’s bought 3 crore of Index futures and bought 519 crores worth of Index options. In the Stock futures segment, FII’s sold 841 crores worth of stock futures and sold 71 crores of stock options.
#. As per the fund flow FII and PRO’s both have mixed view. As per the data FII have just neutal sell position and PRO’s have buy position. On other side clients and DII’s have sell position in NIFTY. After expiry it was first normal correction. We are bullish and holding NIFTY buy position.
Intraday NIFTY view:
We are Bullish on NIFTY you please book profit every level. Follow our (NIFTY POSITIONAL CALLS)
NIFTY SPOT INTRADAY LEVEL R4 8707 BULL R3 8673 UP BREAKOUT R2 8661 UP CAUTION R1 8652 SELL PIVOT 8640 S1 8594 BUY S2 8585 DOWN CAUTION S3 8573 DOWN BREAK OUT S4 8538 BEAR
8,626.00 Down -34.00 ( -0.39%)
FII Activity on nifty future:
Index Futures: + 3.87 Crores
NIFTY Future Levels: Watch NIFTY LIVE signal
BankNIFTY Future Levels: Watch BankNIFTY LIVE signal