#. Nifty closed on a slight bear note at 8,659.10 Down -18.80 (-0.22%) made high 8,698.75 of and low of8,636.70 . So today for intraday on upside intra resistance are at 8698 and 8726 level and On downside be alert below 8620 and avoid all longs below 8591 level as selling may intensify below that level
#. In the derivative market, FII’s sold 111 crore of Index futures and bought 132 crores worth of Index options. In the Stock futures segment, FII’s bought 111 crores worth of stock futures and bought 106 crores stock options.
#. As fund flow FII’s and proprietary’s all are having the sell position in Nifty future so be caution before making any position in market.
Intraday NIFTY view:
We are Bullish on NIFTY for short term but suggest you please book profit every level. Follow our (NIFTY POSITIONAL CALLS)
NIFTY SPOT INTRADAY LEVEL
R4 8730 BULL R3 8702 UP BREAKOUT R2 8692 UP CAUTION R1 8685 SELL PIVOT 8665 S1 8633 BUY S2 8627 DOWN CAUTION S3 8616 DOWN BREAK OUT S4 8588 BEAR
8,690.00 UP+32.00 (+0.37%)
FII Activity on nifty future:
Index Futures: – 111.65 Crores
FII Activity OCT 2016 Series – Summary Derivative
Index Futures: – 6190.31 Crores
NIFTY Future Levels: Watch NIFTY LIVE signal
BankNIFTY Future Levels: Watch BankNIFTY LIVE signal