#. Nifty closed on bear note at 8,615.25 -76.05 (-0.88%) made high 8,657.30 of and low of 8,596.60. Overall market trend is positive and nifty holding bullish pattern but caution before making long position.So today for intraday on upside intra resistance are at 8646 and 8672 level and On downside be alert below 8585 and avoid all longs below 8558 level as selling may intensify below this level.
#. In the derivative market, FII’s sold 232 crore of Index futures and bought 764 crores worth of Index options. In the Stock futures segment, FII’s sold 387 crores worth of stock futures and sold 217 crores stock options.
#. As per the fund flow FII and PRO’s both have same position in nifty future. As per the data FII and Pro’s both have below average sell position.We again expect volatile in market…
Intraday NIFTY view:
We are Bearish on NIFTY but suggest you please book profit every level. Follow our (NIFTY POSITIONAL CALLS)
NIFTY SPOT INTRADAY LEVEL R4 8719 BULL R3 8676 UP BREAKOUT R2 8660 UP CAUTION R1 8650 SELL PIVOT 8634 S1 8581 BUY S2 8570 DOWN CAUTION S3 8555 DOWN BREAK OUT S4 8512 BEAR
8,610.50 Down -4.50 (-0.05%)
FII Activity on nifty future:
Index Futures: – 232.18 Crores
FII Activity October 2016 Series – Summary Derivative Index Futures: – 7403.37 Crores
NIFTY Future Levels: Watch NIFTY LIVE signal
BankNIFTY Future Levels: Watch BankNIFTY LIVE signal