Nifty Holds 8710 Support, FII Selling Continues

Indian Market Outlook:

Midway through the September F&O series, the benchmark Nifty has corrected by over 250 points already from its high of 8995. Nifty slipped to 8717 levels yesterday before bouncing back to close at the day high of 8779.The surprise rally was supported by Bank Nifty which was up by 0.6 percent. FII and Pros have been sellers in the F&O segment as well as the cash markets. In the past few trading sessions, combined selling has been seen by FII and DII, which suggests that if 8700 is breached then 8540 would be the next likely support for the Index.

Nifty Futures is expected to open at 8750 as per SGX Nifty at 8:30 am IST, which is below its previous close of 8778.

Open Interest Index Futures

Open Interest Index Futures

On 14th September 2016, FII & Pro have sold 220050 shares combined, below average of 705075.

The total for the September expiry from the 26th August is 4742250 shares in Index Futures.

Open Interest Index Options

Open Interest Index Options

On 14th September 2016, FII & Pro have sold 3366975 shares combined, above average of 2920650.

The total for the September expiry from the 26th August is -1189350 shares in Index Options.

FII & DII Cash Buy/Sell Activity

FII & DII Cash Buy/Sell Activity

Last trading day, FII’s have sold Rs. 477 Cr shares and DII have sold shares worth Rs. 9 Cr. Combined, net selling worth Rs. 486 cr was seen.

For the September expiry FII and DII are net buyers worth 2373 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. 2373 Cr for the September expiry.

International Market Outlook

International Market Outlook: International markets traded softly yesterday with the SP futures correcting by 23 points from yesterday high of 2141 and is trading near the range lows of 2110 and the support of 2110 is very important which if breached can take it down to its monthly low of 2065.

Stocks to watch out for 15th September, 2016

 

 15092016_5

Performing Stocks available at correction

 

15092016_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 MEDIA INDEX 1.11 -3.57
NIFTY AUTO INDEX 0.73 -3.56
BANK NIFTY 0.6 -2.49
NIFTY METAL INDEX 0.44 -6.15
NIFTY ENERGY INDEX 0.27 -0.63
NIFTY FMCG INDEX 0.16 -3.71
NIFTY PHARMA INDEX 0.15 -2.48
NIFTY FINANCE INDEX 0.14 -2.8
NIFTY 0.13 -2.52
NIFTY REALTY INDEX 0.02 -4.36
NIFTY IT INDEX -0.69 0.61
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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