Indian Market Outlook:
Strong buying by FII in the cash market, supported by DII as well along with buying in derivatives market is indicting strong support for the markets. Nifty Index went through a period of consolidation yesterday, opening at 8808 and making a high of 8863 before correcting 30 points at close. Nifty was supported by both Banking as well as IT stocks, both showing strong positive upticks. Markets will digest overnight Fiscal deficit, GDP and IIP numbers which have been below expectations.
Top 5 gainers for yesterday were Ultratech cement, Kotak Bank, L&T, Ambuja Cement and Tata Power.
Nifty Futures is expected to open at 8836 as per SGX Nifty at 8:30 am IST, which is at its previous close of 8836.
Open Interest Index Futures
On 31st August of 2016, FII & Pro have bought 2869950 shares combined, above average of 705075.
The total for the September expiry from the 26th August is 4991625 shares in Index Futures.
Open Interest Index Options
On 31st August of 2016, FII & Pro have bought 5354850 shares combined, above average of 2920650.
The total for the September expiry from the 26th August is 15896250 shares in Index Options.
FII & DII Cash Buy/Sell Activity
Last trading day, FII’s have bought Rs. 854 Cr shares and DII have bought shares worth Rs. 848 Cr. Combined, net buying worth Rs. 1702 cr was seen.
For the September expiry FII and DII are net buyers worth 2957 Cr.
The combined FII and Pro have seen increase in long position in Index future and increase in index options. In the cash segment FII and DII combined are net buyers of Rs. 2957 Cr for the September expiry.
International Market Outlook: International markets are stuck in a trading range. S&P Futures, after making a low of 2160 had
recovered by 7 points, still in a range between 2190-2160.
DAX futures were quiet yesterday and closed down by 80 points. Japan Nikkei is positive in today’s trading.
Stocks to watch out for 1st September, 2016
These stocks were traded in buy momentum in last week, any correction in these stocks can be a good opportunity to Buy.
|Sectoral Index Performance for last trading day and last 1 week|
|Symbol||1D (%)||1W (%)|
|NIFTY FINANCE INDEX||1.31||3.11|
|NIFTY MEDIA INDEX||1.2||3.76|
|NIFTY AUTO INDEX||0.32||4.5|
|NIFTY FMCG INDEX||0.28||1.46|
|NIFTY IT INDEX||-0.25||-1.12|
|NIFTY PHARMA INDEX||-0.55||-0.01|
|NIFTY ENERGY INDEX||-0.58||2.49|
|NIFTY REALTY INDEX||-1.18||-1.46|
|NIFTY METAL INDEX||-1.54||0.51|
|Index performance in last 1 day and 1 week. Figures show percentage change from previous close.|
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.