Nifty opened flat and traded around 4685 level which we mentioned yesterday. After that market fall due to profit booking around those levels and got support @ 4630 range and traded range bound until afternoon session. Relaince,SBIN where runners in frontline counters yesterday and lead Index @ final hour trading and ended flat. Reliance broken the 2030 barrier and closed above it Advance decline ratio was good .

INSTITUTIONAL ACTIVITY :: FII (-691 cr) ::: DII (-24 cr)

• Nifty future Ended In huge premium of 11.10 vs -1.25 discount so cost of carry increased huge
• PCR Open Interest @ 1.06 vs 1.04
  
• 4600 PE and 4700 CE added more open Interest
• India VIX closed at 36.70 decreased by .27% suggest staibilty
• US and Europe markets closed Negative

Technical View ::

Nifty closing above 4603 will be bullish. ADX +DI declining suggest to book profits at higher levels. RSI just holding below its trendline. Overall 4603 close below will see a correction or buying @ dips will continue for 5000. FII's where huge sellers yesterday which giving some caution note for long side.

Levels ::

Nifty Fut supp @ 4650 :: Res @ 4760

4677 - 4696 - 4714 - 4732

Bearish > 4674 < Bullish