#. Nifty closed on a bullish note note at 8,607.45 UP +34.90 (0.41%) made high 8,622.00 of and low of 8,543.75.So today for intraday on upside resistance are at 8655 and 8691 level and On downside be alert below 8560 and avoid all intraday longs below that level.
#. In the derivative market, FII’s bought 40 crore of Index futures and bought 164 crores worth of Index options. In the Stock futures segment, FII’s bought 406 crores worth of stock futures and sold 32 crores stock options.
#. As per the fund flow FII and PRO’s both have mixed view. As per the data FII have below average buy position and PRO’s have sell position. On other side clients have buy position and DII’s have buy position in NIFTY. We again expect intraday volatility in market
Intraday NIFTY view:
We are Bullish on intraday wise but suggest you please book profit every level. Follow our (NIFTY POSITIONAL CALLS)
NIFTY INTRADAY LEVEL R4 8695 BULL R3 8659 UP BREAKOUT R2 8646 UP CAUTION R1 8638 SELL PIVOT 8591 S1 8577 BUY S2 8569 DOWN CAUTION S3 8556 DOWN BREAK OUT S4 8520 BEAR
8,676.50 UP +21.00 ( +0.24%)
FII Activity on nifty future:
Index Futures: +40.65 Crores
FII Activity SEP 2016 Series – Summary Derivative
Index Futures: + 627.77 Crores
NIFTY Future Levels: Watch NIFTY LIVE signal
BankNIFTY Future Levels: Watch BankNIFTY LIVE signal