Nifty Retests 8750, Buying In Cash Market by FII & DII

Indian Market Outlook:

Nifty saw sharp buying in the last few days from its 2 week low of 8530. Strong buying momentum was witnessed last Friday which was confirmed by open interest in the F&O segment as well as cash market data. The buying witnessed before US payroll data is an indication that the Nifty is expected to scale its resistance of 8750, which, if crossed, will take the Index to its next monthly level of 8850-8860. Top 5 gainers were Grasim, Hero Motor Corp, Hindalco, Bajaj Auto and Ambuja cement.

Nifty Futures is expected to open at 8760 as per SGX Nifty at 8:10 am IST, which is 54 points above its previous close of 8706.

Open Interest Futures & Options Index Update:



On 5th August 2016, FII & have bought 174300 shares combined, below average of 705075.

The total for the August expiry from the 29th July was 1711650 shares which indicates that Buy positions are still created.



On 5th August 2016, FII & have bought 6692925 shares combined, which is above the average of 2920650.

The total for the August expiry from the 29th was sell of 107913975 shares which indicates that Sell positions are created for the clearing.

FII & DII Cash Buy/Sell Activity


Last trading day, FII’s have bought shares worth Rs.436 Cr and DII too have bought shares worth Rs. 616 Cr. Combined, net buying worth Rs. 1052 cr was seen. Since 29th July 2016, FII have bought Rs.2821 crore worth shares where as DII have sold shares worth Rs. 1361 crores in the cash segment. FII and DII combined have a net buy worth Rs. 1460 cr since 29th July 2016.

The combine FII and Pro have seen a continued increase in long position in Index future and a decrease of short position in index options. In the cash segment FII and DII combined are net buyers of Rs. 1460 Cr since 29th July 2016.


International Market Outlook: International markets saluted US Payroll numbers which has come above 200 thousand for second consecutive month. US Index S&P Futures rose close to its all time high of 2177.5 and is currently trading there. German Dax was positive today morning.

In Asian market Nikkei is trading up by 1.95%.


Stocks to watch out for Monday, 8th August, 2016


These stocks were traded in buy momentum in last week, any correction in these stocks can be a good opportunity to Buy.



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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.

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