#. Nifty closed on neutral note at 8,615.25 0.00 (0.00%) made high 8,624.85 of and low of 8,550.25. Overall market trend is positive and nifty holding bullish pattern but caution before making long position. So today for intraday on upside resistance are at 8646 and 8672 level and On downside be alert below 8585 and avoid all longs below 8532 level.
#.In the derivative market, FII’s bought 819 crore of Index futures and bought 3230 crores worth of Index options. In the Stock futures segment, FII’s sold 1812 crores worth of stock futures and bought 234 crores stock options.
#. As per the fund flow FII and PRO’s both have mixed view. As per the data FII have above average sell position and PRO’s have buy position.We again expect volatile in market…but this is previous expiry data so we have to wait and watch what big players are doing.
Intraday NIFTY view:
We are Bullish on NIFTY for short term but suggest you please book profit every level. sFollow our (NIFTY POSITIONAL CALLS)
NIFTY SPOT INTRADAY LEVEL
R4 8699 BULL R3 8665 UP BREAKOUT R2 8653 UP CAUTION R1 8644 SELL PIVOT 8597 S1 8586 BUY S2 8578 DOWN CAUTION S3 8566 DOWN BREAK OUT S4 8532 BEAR
8,641.25 UP +29.75 (+0.35%)
FII Activity on nifty future:
Index Futures: + 819.22 Crores
FII Activity OCT 2016 Series – Summary Derivative
Index Futures: – 6584.15 Crores
NIFTY Future Levels: Watch NIFTY LIVE signal
BankNIFTY Future Levels: Watch BankNIFTY LIVE signal