Robust Bull Trend Likely To Drive Nifty above 9000

Indian Market Outlook:

The markets opened gap up after an extended weekend and sustained above 8900 throughout the day’s trading, with solid support from Banking stocks. The second half showed momentum buying and Nifty closed above 8950, with Bank nifty closing above 19450. NSE Small cap Index broke all time high of 6175, which is confirmation of broad based buying. FII are net buyers on cash as well as F&O segment, underlining their confidence in Indian markets.

Top 5 gainers for yesterday were Tata Motors, Axis Bank, Tata Motor DVR, Yes Bank and ICICI Bank.

Nifty Futures is expected to open at 8983 as per SGX Nifty at 8:40 am IST, which is above its previous close of 8966.

Open Interest Index Futures

Open Interest Index Futures

On 6th September 2016, FII & Pro have bought 375150 shares combined, below average of 705075.

The total for the September expiry from the 26th August is 5192550 shares in Index Futures.

Open Interest Index Options

Open Interest Index Options

On 6th September 2016, FII & Pro have bought 4790925 shares combined, above average of 2920650.

The total for the September expiry from the 26th August is 17388750 shares in Index Options.

FII & DII Cash Buy/Sell Activity

FII & DII Cash Buy/Sell Activity

Last trading day, FII’s have bought Rs. 1439 Cr shares and DII have sold shares worth Rs. 268 Cr. Combined, net buying worth Rs. 1171 cr was seen. For the September expiry FII and DII are net buyers worth 4500 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. 4500 Cr for the September expiry.
International Market Outlook

International Market Outlook: International markets are in buy mode consolidating their gains with US index SP futures trading above 2183 just shy of it’s all time high of 2191.German Dax traded above10700 which is also bullish. Japan Nikkei is trading negative today morning at 16970.

The ECB Monetary Policy will be announced tomorrow at 5.30 pm IST, signaling the continuation of the easy Monetary Policy giving liquidity to the markets. This was started by ECB Chief Draghi and will help the bull market to scale to newer heights.

Stocks to watch out for 7th September, 2016

 

 07092016_5

 

07092016_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 2.94 4.56
BANK NIFTY 2.73 3.23
NIFTY FINANCE INDEX 2.18 3.03
NIFTY REALTY INDEX 1.6 0.24
NIFTY 1.51 1.78
NIFTY METAL INDEX 1.4 1.57
NIFTY ENERGY INDEX 0.93 -0.75
NIFTY FMCG INDEX 0.81 1.61
NIFTY MEDIA INDEX 0.66 -0.15
NIFTY PHARMA INDEX 0.5 1.08
NIFTY IT INDEX 0.16 -0.01
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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