#. Nifty closed on a slight bear note at 8,625.70 +10.45 (0.12%) made high 8,653.75 of and low of 8,581.75. So today for intraday on upside intra resistance are at 8664 and 8692 level and On downside be alert below 8586 and avoid all longs below 8558 level.Market is holding bullish note.
#. In the derivative market, FII’s bought 9.44 crores of Index futures and bought 0.0 crores worth of Index options. In the Stock futures segment, FII’s bought 100.45 crores worth of stock futures and bought 0.0 crores of stock options.
#. As fund flow FII’s has buy position around 9.44 crores so caution as before Muhurat trading FII’s and proprietary’s all are having the mixed position in Nifty future where FII have sell and Pro’s are having buy position.
Intraday NIFTY view:
We are Bearish on NIFTY for short term but suggest you please book profit every level. Follow our (NIFTY POSITIONAL CALLS)
NIFTY SPOT INTRADAY LEVEL
R4 8696 BULL R3 8668 UP BREAKOUT R2 8658 UP CAUTION R1 8651 SELL PIVOT 8640 S1 8600 BUY S2 8593 DOWN CAUTION S3 8583 DOWN BREAK OUT S4 8555 BEAR
8,624.50 UP +20.50 (+0.24%)
FII Activity on nifty future:
Index Futures: + 9.44 Crores
FII Activity NOV 2016 Series – Summary Derivative
Index Futures: – 777.58 Crores
NIFTY Future Levels: Watch NIFTY LIVE signal
BankNIFTY Future Levels: Watch BankNIFTY LIVE signal