#. Nifty closed on a slight bear note at 8,551.10 UP +6.25 (0.07%) made high 8,601.40 of and low of 8,518.15. Nifty showing some sign of bearish pattern.So today for intraday on upside resistance are at 8600 and 8639 level .On downside be alert below 8500 and avoid all intraday longs below 8462 level.
#. In the derivative market, FII’s bought 711 crore of Index futures and bought 1902 crores worth of Index options. In the Stock futures segment, FII’s sold 195 crores worth of stock futures and bought 58 crores of stock options.
#. As per the fund flow FII and PRO’s both have mixed view. As per the data FII have buy position and PRO’s have sell position. On other side clients have sell position and DII’s have buy position in NIFTY.We again expect volatile in market…
Intraday NIFTY view:
We are neutral on NIFTY but suggest you please book profit every level. Follow our (NIFTY POSITIONAL CALLS)
NIFTY SPOT INTRADAY LEVEL R4 8643 BULL R3 8605 UP BREAKOUT R2 8592 UP CAUTION R1 8583 SELL PIVOT 8557 S1 8520 BUY S2 8511 DOWN CAUTION S3 8497 DOWN BREAK OUT S4 8459 BEAR
8,645.50 +41.50 +0.48%
FII Activity on nifty future:
Index Futures: +711.30 Crores
NIFTY Future Levels: Watch NIFTY LIVE signal
BankNIFTY Future Levels: Watch BankNIFTY LIVE signal