Nifty Weak Amid Global Cues

Indian Market Outlook:

Indian Benchmark Index Nifty traded in a very small range of 48 points on Friday, 14th October. Nifty has taken support of its two month’s low of 8550. The Global cues still remain weak which could lead Nifty to break its 8550 level after which next target for Nifty on the downside is 8295, 3 month low. Small Cap Index too traded in a small range of 45 points but was comparatively stronger than Nifty. Small Cap has not even broken its previous week’s low which is a positive sign as a continued buying in the small cap and mid cap shares might result in Nifty taking support and gaining strength again.

Nifty Futures is expected to open at 8576 as per SGX Nifty at 8:30 am IST, which is 35 points below its previous close of 8611.

Open Interest Index F&O and Cash Segment Activity

Open Interest Index F&O and Cash Segment Activity

In cash segment, last trading day, FII have sold shares worth Rs. 946.42 Cr and DII bought shares worth Rs. 557 Cr. A combined sell of Rs. 390 Cr. For this expiry, FII and DII together are buyers worth Rs. 1141 Cr.

In Index Options, last trading day, FII have sold 41413 contracts, above its 1 year average of 18280 contracts. Pro have bought 26051 contracts, below its 1 year average of 27670 contracts. Combined there has been a net sell of 15362 contracts, below its 1 year average of 39000 contracts. For the current expiry, FII and Pro combined are net sellers of 169186 contracts.

In Index Futures, last trading day, FII have bought 1103 contracts, below its 1 year average of 9706 contracts. Pro have sold 3928 contracts, below its 1 year average of 4903 contracts. Combined there has been a net sell of 2825 contracts below its 1 year average of 9401 contracts. For the current expiry, FII and Pro combined are net sellers of 78869 contracts.

International Market Morning Update:

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S&P futures saw a moderate pullback from monthly low of 2107. It tested its two day high of 2140 to make a high of 2143 but could not sustain at those levels. S&P fell 17 points from its Friday’s high to close at 2126. Today morning, S&P is trading in red at 2120 below its previous day’s low of 2122.

German Dax in the European Market, is relatively out performing its American peer. Friday it closed at 10580 after rising 180 points same day.

In today’s trading Japan’s Nikkei is trading positive by 0.15% from yesterday’s close.

List of Top Gainers and Losers between 13th October 2016

 

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Dynamic Sector Performance – 14th October 2016

 

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Stocks Near Support

 

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Result Calendar

 

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DISCLAIMER

Research Team – Tel: 033-30010001, write to us at [email protected] 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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