#. Nifty closed on slight bear note at 8,079.95 Down-31.65 (-0.39%) made high 8,151.25 of and low of 8,060.30 . Overall market trend turn negative and nifty holding bearish pattern. It will be tough to make too many longer term judgments as FII has sold 8600 crores sell position in Cash market.So today for intraday on upside intra resistance are at 8108 and 8135 level and On downside be alert below 8050 and avoid all longs below that level as selling may intensify below that level.
#. In the derivative market, FII’s bought 344 crore of Index futures and sold 141 crores worth of Index options. In the Stock futures segment, FII’s bought 200 crores worth of stock futures and sold 159 crores stock options.
#. As per the fund flow FII and PRO’s both have mixed view. As per the data FII have buy position and PRO’s have sell position.We again expect volatile in market…
Intraday NIFTY view:
We are neutral on NIFTY but suggest you please book profit every level. Follow our (NIFTY POSITIONAL CALLS)
NIFTY SPOT INTRADAY LEVEL R4 8179 BULL R3 8138 UP BREAKOUT R2 8123 UP CAUTION R1 8113 SELL PIVOT 8097 S1 8047 BUY S2 8037 DOWN CAUTION S3 8022 DOWN BREAK OUT S4 7981 BEAR
8,091.50 Down -2.50 -0.03%
FII Activity on nifty future:
Index Futures: + 344.79 Crores
Index Options: – 141.98 Crores
Stock Futures: + 200.25 Crores
Stock Options: – 159.15 Crores
NIFTY Future Levels: Watch NIFTY LIVE signal
BankNIFTY Future Levels: Watch BankNIFTY LIVE signal