#. Nifty closed on a bullish note note at 8,673.25 UP +49.20 (0.57%) made high 8,690.70 of and low of 8,645.05. Nifty showing some bear pattern but holding bullish note. So today for intraday on upside resistance are at 8714 and 8745 level .On downside be alert below 8631 and avoid all intraday longs below 8601 level.
#. In the derivative market, FII’s bought 45 crore of Index futures and bought 1355 crores worth of Index options. In the Stock futures segment, FII’s bought 196 crores worth of stock futures and sold 16 crores stock options.
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 8749 BULL R3 8719 UP BREAKOUT R2 8708 UP CAUTION R1 8700 SELL PIVOT 8663 S1 8646 BUY S2 8639 DOWN CAUTION S3 8628 DOWN BREAK OUT S4 8598 BEAR
8,688.50 UP +5.50 ( +0.06%)
FII Activity on nifty future:
Index Futures: + 45.08 Crores
FII Activity Aug 2016 Series – Summary Derivative
Index Futures: + 2178.68 Crores
NIFTY Future Levels: Watch NIFTY LIVE signal
BankNIFTY Future Levels: Watch BankNIFTY LIVE signal