Indian Market Outlook:
Nifty enters a consolidation phase as it seems likely that tabling of GST bill in Rajya Sabha may be delayed. Nifty opened at 8640 and traded in a 20 point range for most part of the trading session before falling down by 30 points at close yesterday. It made a high of 8652 and this level as per Dynamic Levels suggests stiff monthly resistance. The Mid Cap and Small Cap stocks
also gave correction yesterday. The notable exception was CNX IT which ended with minor gains.
The Top 5 gainers are Axis Bank, Power Grid, Yes bank, Tata Steel and HCL Tech.
Nifty is expected to open at 8605 as per SGX Nifty at 8:30 am IST, which is 13 points above the previous close.
Open Interest Futures & Options Index Update:
On 26th of July, FII & Pro have bought 636750 shares combined which is below the average of 705075.
The total for the July expiry from the 1st July to 26th July is buy 6656625 shares, which indicates that big players are building long positions in market.
On 26th of July, FII & Pro have sold 2895000 shares combined which is above the average of 2920650.
The total for the July expiry from the 1st July to 26th July is 1763625 which indicates that a Buy position has been created for the clearing.
FII & DII Cash Buy/Sell Activity:
Last trading day, FII have bought shares worth Rs. 891.01 Cr and DII have sold shares worth Rs. 67.89 Cr. Combined, net buying worth Rs. 823.12 cr was seen.Last trading day, FII have bought shares worth Rs. 671 Cr and DII have sold shares worth Rs. 418 Cr. Combined, net buying worth Rs. 253 cr was seen.
Since 1st July 2016, FII have bought Rs.7964 crores worth shares where as DII have sold shares worth Rs.4975 crores in the cash segment. FII and DII combined have a net buy worth Rs. 2988 Cr since 1st July 2016.
International Market Outlook: IntInternational markets have recovered from yesterday lows on the back drop of two day US Fed meet which started yesterday and the outcome is expected tonight at 11.30pm Indian time. The expectation of the US credit policy is that there is no change in interest rates but the markets are keenly waiting for forward guidance regarding the next increase in interest rate.
S&P Futures is still in the trading range of 2172 -2150 and is currently trading at 2168. European markets have continued with their up moves making fresh weekly highs and German Dax closed at 10278 above previous week high of 10189. Today Asian markets are positive with Japan Nikkei trading up by 1percent.
Stocks to watch out for Tuesday, 26th July, 2016
|Sectoral Index Performance for last trading day and last 1 week|
|Symbol||1D (%)||1W (%)|
|NIFTY IT INDEX||0.06||1.05|
|NIFTY METAL INDEX||-0.1||1.36|
|NIFTY ENERGY INDEX||-0.17||1.2|
|NIFTY MEDIA INDEX||-0.3||2.38|
|NIFTY FMCG INDEX||-0.36||0.47|
|NIFTY FINANCE INDEX||-0.58||0.37|
|NIFTY REALTY INDEX||-1.29||-0.17|
|NIFTY AUTO INDEX||-1.32||-0.26|
|NIFTY PHARMA INDEX||-1.5||-1.96|
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1. The investment advice or guidance provided by way of recommendations, reports or other ways are solely the personal views of the research team. Users are advised
to use the data for the purpose of information and rely on their own judgment while making investment decision
2. Past performance is not an indicator of future returns.