Indian Market Outlook:
Nifty has undergone two days of profit booking even as it corrected by over 250 points from recent high of 8995.The short term trend will turn to sell if the Index slips below the crucial 8720 level. Banking and Auto shares saw sharp bouts of profit booking as FII sold positions in cash as well as the F&O segment.
Nifty is expected to be volatile till Fed meet on Wednesday night Indian time, which is expected to clear the probable time frame of the next interest rate hike in the United States.
Nifty Futures is expected to open at 8750 as per SGX Nifty at 8:30 am IST, which is above its previous close of 8742.
Open Interest Index Futures
On 12th September 2016, FII & Pro have sold 480675 shares combined, below average of 705075.
The total for the September expiry from the 26th August is 4962300 shares in Index Futures.
Open Interest Index Options
On 12th September 2016, FII & Pro have sold 11126025 shares combined, above average of 2920650.
The total for the September expiry from the 26th August is 2177625 shares in Index Options.
FII & DII Cash Buy/Sell Activity
Last trading day, FII’s have sold Rs. 594 Cr shares and DII have sold shares worth Rs. 13 Cr. Combined, net selling worth Rs. 607 cr was seen.
For the September expiry FII and DII are net buyers worth 2859 Cr.
The combined FII and Pro have seen decrease 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. 2859 Cr for the September expiry.
International Market Outlook: International markets continued to be volatile even as the S&P Futures Index fell by over a percent yesterday. The Index traded near its range low of 2110 yesterday. The fall from its recent high of 2190 suggests that the short term trend of S&P has turned to sell and the target is 2065.
The German Dax too witnessed some profit booking after a positive start yesterday. Amongst the Asian markets, Nikkei is trading lower.
Stocks to watch out for 14th September, 2016
|Sectoral Index Performance for last trading day and last 1 week|
|Symbol||1D (%)||1W (%)|
|NIFTY PHARMA INDEX||-1.66||-0.09|
|NIFTY ENERGY INDEX||-1.59||-0.37|
|NIFTY IT INDEX||0.81||-1.19|
|NIFTY REALTY INDEX||-4.96||-1.64|
|NIFTY FINANCE INDEX||-1.91||-2.39|
|NIFTY FMCG INDEX||-1.82||-3.12|
|NIFTY AUTO INDEX||-2.77||-3.34|
|NIFTY MEDIA INDEX||-3.35||-3.97|
|NIFTY METAL INDEX||-4.66||-5.59|
|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.