Nifty To Open in Red, Post Hawkish Stance By Boston Fed

Indian Market Outlook:

After a splendid rally last week that pushed Nifty towards 9000 levels, profit booking was seen on the last trading day with both banking as well as IT stocks correcting significantly. A gap down opening is expected today after the big sell off on S&P Futures on Friday. The American Index fell by 60 points to close at 2120. The support for Nifty is at 8750-8760 and the lower support area is between 8525-8560. FII have started booking profits in both cash and derivative segment which suggests that 8950-9000 will act as a resistance in future also.

Nifty Futures is expected to open at 8767 as per SGX Nifty at 8:30 am IST, which is below its previous close of 8904.

Open Interest Index Futures

Open Interest Index Futures

On 9th September 2016, FII & Pro have bought 314025 shares combined, below average of 705075.

The total for the September expiry from the 26th August is 5442975 shares in Index Futures.

Open Interest Index Options

Open Interest Index Options

On 9th September 2016, FII & Pro have sold 5561700 shares combined, above average of 2920650.

The total for the September expiry from the 26th August is 13303650 shares in Index Options.

FII & DII Cash Buy/Sell Activity

FII & DII Cash Buy/Sell Activity

Last trading day, FII’s have sold Rs. 315 Cr shares and DII have sold shares worth Rs. 328 Cr. Combined, net selling worth Rs. 644 cr was seen. For the September expiry FII and DII are net buyers worth 3466 Cr.

The combined FII and Pro have seen increase in long position in Index future and increase in short position in index options. In the cash segment FII and DII combined are net buyers of Rs. 3466 Cr for the September expiry.
International Market Outlook

International Market Outlook: S&P futures fell by 60 points breaking a 45 day range which has led to a big increase in volatility on the back drop of Federal Reserve Speakers. Talks about early interest rates hike have pushed the equity markets against a wall. S&P futures closed below its previous all time high of 2135 and monthly low of 2145 which were critical support levels, the next support being at 2060. The German Dax also fell more than a percent reflecting the selling pressure in the US indices. Today morning Asian markets are in a sea of red.

Stocks to watch out for 12th September, 2016

 

12092016_5
12092016_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
Symbol1D (%)1W (%)
NIFTY REALTY INDEX0.615.84
NIFTY AUTO INDEX-1.522.45
NIFTY PHARMA INDEX-0.992.28
BANK NIFTY-0.841.82
NIFTY ENERGY INDEX0.701.73
NIFTY METAL INDEX-1.991.41
NIFTY FINANCE INDEX-1.041.07
NIFTY-0.960.65
NIFTY MEDIA INDEX-1.33-0.31
NIFTY FMCG INDEX-2.08-0.38
NIFTY IT INDEX0.50-2.25
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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