8#. Nifty closed on a slight bear note at 8,683.15 UP +132.05 (1.54%) made high 8,689.40 of and low of 8,590.15. Nifty showing some bullish pattern. So today for intraday on upside resistance are at 8728 and 8765 level .On downside be alert below 8635 and avoid all intraday longs below 8600 level
#. In the derivative market, FII’s bought 480 crore of Index futures and bought 1998 crores worth of Index options. In the Stock futures segment, FII’s sold 15 crores worth of stock futures and sold 3 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 buy position and DII’s have sell position in NIFTY.We have RBI meet tomorrow 9th Aug and there is no weakness in global market. We again expect volatile in this week so caution and book profit at every level.
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 8832 BULL R3 8769 UP BREAKOUT R2 8745 UP CAUTION R1 8730 SELL PIVOT 8641 S1 8636 BUY S2 8621 DOWN CAUTION S3 8598 DOWN BREAK OUT S4 8534 BEAR
8,760.00 UP +57.50 +0.66%
FII Activity on nifty future:
Index Futures: +480.91 Crores
NIFTY Future Levels: Watch NIFTY LIVE signal
BankNIFTY Future Levels: Watch BankNIFTY LIVE signal