Nifty To Witness A Gap Up Opening Due to Dovish FED Minutes

Indian Market Outlook:

The benchmark Index Nifty has been in the narrow trading range of 100-120 points in the past few trading sessions. Yesterday night Fed minutes of the previous meet was announced and majority of the members were against raising interest rates which will lead to positive opening today. Any big move can only be expected if 8750 and 8530 is breached on the upside or downside respectively. Bank nifty is showing positive gains as the new RBI governor is expected to be announced this week.

Top 5 gainers for yesterday were Tata Steel, Coal India, Auropharma, Heromotocorp and Tata Power.

Nifty Futures is expected to open at 8660 as per SGX Nifty at 8:35 am IST, which is 29 points above its previous close of 8631.

Open Interest Index Futures

Open Interest Index Futures

On 17th August of 2016, FII & Pro have sold 464325 shares combined, below average of 705075.

The total for the August expiry from the 29th July was 2383725 shares which indicates that Buy positions are still created in Index Futures.

Open Interest Index Options

Open Interest Index Options

On 17th August of 2016, FII & Pro have sold 419325 shares combined, which is below the average of 2920650.

The total for the August expiry from the 29th was sell of 256185000 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 not done any significant activity in cash segment and DII have sold shares worth Rs. 89 Cr. Combined, net selling worth Rs. 89 cr was seen.

Since 29th July 2016, FII have bought Rs.7031 crore worth shares where as DII have sold shares worth Rs. 4806 crores in the cash segment.

FII and DII combined have a net buy worth Rs. 2225 cr since 29th July 2016.

The combined FII and Pro have seen a marginal decrease 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. 2225 Cr since 29th July 2016.

International Market Outlook

International Market Outlook: International markets showed a pullback yesterday to close up as US Index S&P Futures rose from an intraday low of 2166 to close at 2180. S&P Futures is just 10 points away from all time high of 2190. German Dax gave a negative closing yesterday although it recovered 50 points from the low.

Asian Market, Nikkei is showing a range bound movement and is down by 0.2% from its yesterday’s close.

Stocks to watch out for 18th August, 2016


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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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