Nifty Poised at 8560 Ahead of F&O Expiry – GST Big trigger

Indian Market Outlook:

Nifty ended last week at 8556 with no major movement

witnessed, the weekly range being 120 points. The action shifts to this week as futures and option expiry for month of July is on 28th and GST bill is to be tabled in

Rajya Sabha this week. FII have been continuous buyers over last 10 trading sessions while at the same time DII have been sellers. Global events hold importance with

FOMC on 27th night and Bank of Japan on 29th morning, which might bring in fresh volatility.

Axis bank declared its results which showed increase in NPA and highlights the NPA problem which has started affecting private banking stocks. The top 5 gainers are

Tata Motors DVR, Tata Motors, PowerGrid, Infratel, TataMetalik.

Open Interest Futures & Options Index Update

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On 22nd of July, FII & Pro have bought 393750 shares combined which is below the average of 705075.

The total for the July expiry from the 1st July to 22th July is buy 5942400 shares, which indicates that big players are building long positions in market.

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On 22nd of July, FII & Pro have bought 1116300 shares combined, below average of 2920650.

The total for the July expiry from the 1st July to 22th July is 1609875 which indicates that a Buy position has been created for the clearing.

FII & DII Cash Buy/Sell Activity

FII_DII_Cash_Buy_Sell

Last trading day, FII have bought shares worth Rs. 437.78 Cr and DII have sold shares worth Rs. 364.67 Cr. Combined, net buying worth Rs. 72.11 cr was seen.

Since 1st July 2016, FII have bought Rs.6402 crores worth shares where as DII have sold shares worth Rs.4490 crores in the cash segment.

FII and DII combined have a net buy worth Rs. 1912 Cr since 1st July 2016.

The combine FII and Pro have seen a continued increase in long position in Index future and an increase of long position in index options. In the cash segment FII

and DII combined are net buyers of Rs. 1912 Cr since 1st July 2016. The immediate target for Nifty as per Dynamic Levels is 8648.

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International Market Outlook: International markets have maintained their uptrend last week as Central banks of USA and Japan roll

out their credit policies this week and expectations are there that Bank of Japan will increase stimulus which can be positive for equity markets.

 

S&P Futures have closed at 2168 near all time high of 2171 and is currently trading at same levels. The short term trend remains a buy till 2120 is not breached

on the downside. European indices were mildly positive last week and Asian markets are positive today morning.

Stocks to watch out for Monday, 25th July, 2016

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Sectoral Index Performance for last trading day and last 1 week
Symbol 1D (%) 1W (%)
NIFTY PHARMA INDEX -0.04 1.79
NIFTY ENERGY INDEX 1.13 1.54
NIFTY AUTO INDEX 0.89 0.93
NIFTY REALTY INDEX 0.76 0.59
NIFTY METAL INDEX 1.69 0.38
NIFTY IT INDEX -0.15 0.37
NIFTY MEDIA INDEX 1.58 0.27
NIFTY 0.37 0.00
NIFTY FMCG INDEX 0.01 -0.14
NIFTY FINANCE INDEX 0.66 -0.84
BANK NIFTY 0.09 -1.39

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