#. Nifty closed on a bull note at 8,632.60 UP +3.45 (0.04%) made high 8,642.15 of and low of 8,580.00.So today for intraday on upside resistance are at 8672 and 8700 level and On downside be alert below 8592 and avoid all intraday longs below that level a close Below 8592 trend may signal weakness in coming days.
#. In the derivative market, FII’s sold 630 crore of Index futures and sold 538 crores worth of Index options. In the Stock futures segment, FII’s sold 524 crores worth of stock futures and sold 77 crores stock options.
#. As per the fund flow FII and PRO’s both have mixed view. As per the data FII have sell position and PRO’s have buy position. On other side clients and DII have buy position . Today again market will be volatile and we will see no clear direction.
Intraday NIFTY view:
We are Bullish on NIFTY but suggest you please book profit every level as its range market. Follow our (NIFTY POSITIONAL CALLS)
NIFTY SPOT INTRADAY LEVEL R4 8704 BULL R3 8675 UP BREAKOUT R2 8665 UP CAUTION R1 8658 SELL PIVOT 8618 S1 8607 BUY S2 8600 DOWN CAUTION S3 8590 DOWN BREAK OUT S4 8561 BEAR
8,654.00 Neutral 0.00 0.00%
FII Activity on nifty future:
Index Futures: – 630.97 Crores
FII Activity August 2016 Series – Summary Derivative
Index Futures: + 1323.73 Crores
NIFTY Future Levels: Watch NIFTY LIVE signal
BankNIFTY Future Levels: Watch BankNIFTY LIVE signal