#. Nifty closed on a slight bear note note at 8,775.90 -32.50 (-0.37%) made high 8,816.45 of and low of 8,759.30. Nifty turn bearish mode and holding. So today for intraday on upside intra resistance are at 8812 and 8838 level and On downside be alert below 8739 and avoid all intraday longs below 8713 level.
#. In the derivative market, FII’s sold 89 crore of Index futures and sold 1942 crores worth of Index options. In the Stock futures segment, FII’s sold 896 crores worth of stock futures and sold 24 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 have sell position and DII’s have buy position in NIFTY. We again expect volatile in market and may close in range.
Intraday NIFTY view:
We are neutral on NIFTY but suggest you please book profit every level. Follow our (NIFTY POSITIONAL CALLS)
NIFTY SPOT INTRADAY LEVEL
R4 8842 BULL R3 8816 UP BREAKOUT R2 8807 UP CAUTION R1 8800 SELL PIVOT 8784 S1 8751 BUY S2 8745 DOWN CAUTION S3 8736 DOWN BREAK OUT S4 8710 BEAR
8,801.00 Down -1.50 (-0.02%)
FII Activity on nifty future:
Index Futures: – 89.07 Crores
FII Activity September 2016 Series – Summary Derivative
Index Futures: + 4050.78 Crores
NIFTY Future Levels: Watch NIFTY LIVE signal
BankNIFTY Future Levels: Watch BankNIFTY LIVE signal