#. Nifty closed on a bearish note note at 8,715.60 -151.10 (-1.70%) made high 8,746.95 of and low of 8,699.40. Nifty turn bearish mode. So today for intraday on upside intraday resistance are at 8770 and 8788 level .On downside be alert below 8660 and avoid all intraday longs below 8615 level.
#.In the derivative market, FII’s sold 597 crore of Index futures and bought 5578 crores worth of Index options. In the Stock futures segment, FII’s sold 922 crores worth of stock futures and sold 10 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.After a long time FII has started profit booking in both Cash as well as in derivative. We again expect volatile in market but be in the bearish side.
Intraday NIFTY view:
We are Barish on NIFTY for short term but suggest you please book profit every level. Follow our (NIFTY POSITIONAL CALLS)
NIFTY SPOT INTRADAY LEVEL R4 8892 BULL R3 8816 UP BREAKOUT R2 8788 UP CAUTION R1 8770 SELL PIVOT 8761 S1 8661 BUY S2 8643 DOWN CAUTION S3 8615 DOWN BREAK OUT S4 8539 BEAR
8,718.00 Down -57.00 (-0.65%)
FII Activity on nifty future:
Index Futures: -597.52 Crores
FII Activity Sep 2016 Series – Summary Derivative
Index Futures: + 5287.22 Crores
NIFTY Future Levels: Watch NIFTY LIVE signal
BankNIFTY Future Levels: Watch BankNIFTY LIVE signal