#. Nifty closed on a slight bear note note at 8,777.15 +1.25 (0.01%) made high 8,826.85 of and low of 8,757.30. Nifty turn bearish mode and holding. So today for intraday on upside intra resistance are at 8820 and 8851 level and On downside be alert below 8734 and avoid all intraday longs below that level.
#.In the derivative market, FII’s bought 443 crore of Index futures and sold 367 crores worth of Index options. In the Stock futures segment, FII’s sold 502 crores worth of stock futures and sold 115 crores stock options.
#. As per the fund flow FII and PRO’s both have mixed view. As per the data FII have buy position and PRO’s have sell position. On other side clients and DII both have sell position in NIFTY. We again expect volatile in market and may close in range.
Intraday NIFTY view:
We are neutral on NIFTY for short term but suggest you please book profit every level because Its weekend and we may see some profit booking from upper level. Follow our (NIFTY POSITIONAL CALLS)
NIFTY SPOT INTRADAY LEVEL
R4 8856 BULL R3 8824 UP BREAKOUT R2 8813 UP CAUTION R1 8805 SELL PIVOT 8787 S1 8749 BUY S2 8742 DOWN CAUTION S3 8730 DOWN BREAK OUT S4 8699 BEAR
8,791.00 Down -17.50 ( -0.20%)
FII Activity on nifty future:
Index Futures: + 443.68 Crores
FII Activity Sep 2016 Series – Summary Derivative
Index Futures: + 4494.46 Crores
NIFTY Future Levels: Watch NIFTY LIVE signal
BankNIFTY Future Levels: Watch BankNIFTY LIVE signal