Nifty In a Trading Range 8750-8550, Fed Minutes Eyed

Indian Market Outlook:

Nifty has remained sideways in the month of August. The range high of 8750 has become a peak which the bulls despite their best efforts are unable to breach. Nifty inspite of opening at 8700 saw a selling of 100 points before a pullback rally was noticed yesterday. However, Nifty closed negative thirty points for the day. FII have been buyers in both cash and derivatives segment and this will support Nifty at 8550 levels. NSE Small Cap Index also took support of 5911. Buying was noticed from this pivotal level.

Top 5 gainers for yesterday were Cipla, Adani Ports, Hindalco, BPCL and Ambuja Cements.

Nifty Futures is expected to open at 8642 as per SGX Nifty at 8:35 am IST, which is 15 points below its previous close of 8657.

Open Interest Index Futures

Open Interest Index Futures

On 16th August of 2016, FII & have bought 216075 shares combined, below average of 705075.

The total for the August expiry from the 29th July was 2848050 shares which indicates that Buy positions are still created in Index Futures.

Open Interest Index Options

Open Interest Index Options

On 16th August of 2016, FII & Pro have sold 2145750 shares combined, which is below the average of 2920650.

The total for the August expiry from the 29th was sell of 10388325 shares which indicates that Sell positions are created for the clearing in Index Options.

FII & DII Cash Buy/Sell Activity

FII & DII Cash Buy/Sell Activity

Last trading day, FII’s have bought shares worth Rs.685 Cr and DII have sold shares worth Rs. 109 Cr. Combined, net buying worth Rs. 576 cr was seen.

Since 29th July 2016, FII have bought Rs.7031 crore worth shares where as DII have sold shares worth Rs. 4717 crores in the cash segment.

FII and DII combined have a net buy worth Rs. 2314 cr since 29th July 2016.

The combined FII and Pro have seen a marginal increase in long position in Index future and a decrease of long position in index options. In the cash segment FII and DII combined are net buyers of Rs. 2314 Cr since 29th July 2016.

International Market Outlook

International Market Outlook: International markets saw bouts of profit booking with US S&P Futures correcting from a high of 2190.75 making a low of 2176 and is currently trading at 2178.75. The markets are awaiting US Central Bank, Federal Reserve’s minutes of last meeting which is to be announced at11.30 pm IST today. Last night two FED voting members Dudley and Lockhart raised the possibility of short term rate hike in 2016 which was attributed to market profit booking.

German Dax was also soft yesterday and Japan Nikkei is trading positive.

Stocks to watch out for 17th 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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2. Past performance is not an indicator of future returns.

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