#. Nifty closed on bear note at 8,514.00 -112.25 (-1.30%) made high 8,549.50 of and low of 8,504.85. Overall market trend turn negative and nifty holding bearish pattern but caution before making long position. So today for intraday on upside intra resistance are at 8552 and 8585 level and On downside be alert below 8475 and avoid all longs below that level as selling may intensify below that level.
#. In the derivative market, FII’s sold 802 crore of Index futures and bought 607 crores worth of Index options. In the Stock futures segment, FII’s sold 63 crores worth of stock futures and bought 68 crores stock options.
#. As fund flow FII’s and proprietary’s are having mixed view in market so volatility will be more. Where FII’s vave sell position and DII’s having buy position in Nifty future.
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 8644 BULL R3 8589 UP BREAKOUT R2 8569 UP CAUTION R1 8556 SELL PIVOT 8548 S1 8472 BUY S2 8459 DOWN CAUTION S3 8439 DOWN BREAK OUT S4 8384 BEAR
8,494.00 Down -44.00 (-0.52%)
FII Activity on nifty future:
Index Futures: – 802.89 Crores
FII Activity June 2016 Series – Summary Derivative
Index Futures: – 2455.6 Crores
NIFTY Future Levels: Watch NIFTY LIVE signal
BankNIFTY Future Levels: Watch BankNIFTY LIVE signal