Nifty In Bull Trend, 8900 Likely To Be Sustained

Indian Market Outlook:

The Indian markets are expected to open gap up with the benchmark Index Nifty well placed above 8900 levels which is the revised 52 week high. The Index is well poised to scale 9000 levels in the coming sessions. Auto and banking stocks have been out performers and should continue to rally today. The strong buying

comes on the back drop of US Nonfarm Payroll data which came on Friday after market hours. Since the Jobs data was below the normal expectations, it pulled global markets up, especially Asian markets. Nifty Small Cap Index is at a striking distance of all time high of 6178 which should be breached today morning.

Top 5 gainers for yesterday were Ultratech cement, Kotak Bank, L&T, Ambuja Cement and Tata Power.

Nifty Futures is expected to open at 8917 as per SGX Nifty at 8:40 am IST, which is above its previous close of 8840.

Open Interest Index Futures

Open Interest Index Futures

On 2nd of September 2016, FII & Pro have sold 567375 shares combined, below average of 705075.

The total for the September expiry from the 26th August is 4817400 shares in Index Futures.

Open Interest Index Options

Open Interest Index Options

On 2nd of September 2016, FII & Pro have bought 222525 shares combined, below average of 2920650.

The total for the September expiry from the 26th August is 12597825 shares in Index Options.

FII & DII Cash Buy/Sell Activity

FII & DII Cash Buy/Sell Activity

Last trading day, FII’s have bought Rs. 231 Cr shares and DII have bought shares worth Rs. 135 Cr. Combined, net buying worth Rs. 3329 cr was seen. For the September expiry FII and DII are net buyers worth 3329 Cr.

The combined FII and Pro have seen decrease in long position in Index future and increase in index options. In the cash segment FII and DII combined are net buyers of Rs. 3329 Cr for the September expiry.

International Market Outlook

International Market Outlook: International markets consolidated their gains made on Friday evening with German Dax closing above 10700 and US index SP futures traded between range of 2182-2175. In Asian markets Nikkei is trading positive.

Stocks to watch out for 6th September, 2016

06092016_5

06092016_6

 

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

Results for the Day

Results for the Day

Sectoral Index Performance for last trading day and last 1 week
Symbol 1D (%) 1W (%)
NIFTY AUTO INDEX 1.14 1.89
NIFTY PHARMA INDEX 0.8 0.02
NIFTY REALTY INDEX 0.77 -2.5
NIFTY FINANCE INDEX 0.49 2.15
BANK NIFTY 0.48 1.8
NIFTY 0.4 0.75
NIFTY FMCG INDEX 0.32 1.07
NIFTY MEDIA INDEX 0.32 0.39
NIFTY IT INDEX -0.05 -0.42
NIFTY METAL INDEX -0.14 -1.38
NIFTY ENERGY INDEX -0.33 -2.23
Index performance in last 1 day and 1 week. Figures show percentage change from previous close.

DISCLAIMER

Research Team – Tel: 033-30010001, write to us at clientsupport@dynamiclevels.com to give feedback. Website: www.dynamiclevels.com

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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