Fresh Breakout in Nifty Above 8540 Will Lead To 8647

Indian Market Outlook:

After a gap up opening above 8415 which was year 2016’s high, Indian markets witnessed sharp buying 11th July 2016. The buying momentum in Nifty continued throughout the day and it closed at day’s high of 8489. The next target according to Dynamic Levels is 8540. Nifty has its immediate support at 8422 which was its Intraday Low for Monday 11th July.

The top 5 gainers in Nifty INDEX on Monday were Tata Motors, Adani ports, Bank of Baroda, Tata motors DVR and ICICI Bank.

Open Interest Futures & Options Index Update
FII-and-Pro-Index-Future

On 11th of July, FII & Pro have bought 1122600 shares combined which is almost double the average of 705075. The total for the July expiry from the 1st July to 11th July is 326475 shares, which indicates that big players are building long positions in market.

FII-and-Pro-Index-Option

On 11th of July, FII & Pro have bought 5394825 shares combined which is almost double the average of 2920650. The total for the July expiry from the 1st July to 11th July is 5500275 which indicates that a Buy position has been created for the clearing.

The combine FII and Pro have seen an increase in long position in Index future and a decline of short position in Index options.As confirmed by the above average buying in index futures as well as Index options on 11th July, 2016, Nifty breakout above 8430 will lead to the next target 8540 as per Dynamic Levels. Immediate support of Nifty is at 8422 which was its Monday, 11th July low.

FII & DII Cash Buy/Sell Activity
Cash Activity

Since 1st July 2016, FII have bought Rs.1346 crores worth shares where as DII have sold shares worth Rs.446 crores in the cash segment.

Last trading day, FII have bought shares worth Rs. 1056 Cr and DII have sold shares worth Rs. 611 Cr.

International-Market-Outlook

International Market Outlook: Yesterday, International markets saw a buying spree with European Indices gaining 1 to 2 % and S&P500 Index making its new all time high of 2137. For a fresh breakout the Index should trade above 2157 as historically it has been seen that S&P500 has reversed from 2110 to 2130 levels a number of times. Asian markets too are firm today morning with Nikkei opening gap up at 16000 above its previous week high of 15805 and the up move has continued with it making a high of 16237 and is presently trading at 16124.

Stocks to watch out for Tuesday, 12th July, 2016

Stocks to watch out for Tuesday, 12th July, 2016

1) The percentage volume denotes today’s volume divided by average volume of 20 days. If individual stock’s volume is greater than 100 percent of average volume then it denotes a spurt in the stock.

2) LTP is the last traded price of the cash market.

Sectoral Index Performance for last trading day and last 1 week
Symbol 1D (%) 1W (%)
NIFTY AUTO INDEX 0.78 -0.27
NIFTY MEDIA INDEX 0.68 0.46
NIFTY PHARMA INDEX 0.37 2.83
NIFTY IT INDEX 0.04 -1.37
NIFTY -0.18 -0.06
NIFTY FMCG INDEX -0.31 -0.77
NIFTY METAL INDEX -0.36 1.13
BANK NIFTY -0.38 0.17
NIFTY FINANCE INDEX -0.4 0.79
NIFTY REALTY INDEX -0.44 0.87
NIFTY ENERGY INDEX -0.71 -0.27

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