NIFTY made Brexit Low of 7925, 700 Points down this Expiry

Indian Market Outlook:

Indian Benchmark Index Nifty crumbled below 8050 to touch 7920 which was the panic low made on the Brexit day. Minor reversal can be expected from this level as Nifty is in the oversold zone and has touched an important monthly support. However, the overall trend is sell and with FII still being sellers and US interest rates expected to rise in the FOMC December meeting, Nifty is going to stay under pressure in the near term with certainty.

Nifty big support of 7910-7925 if breached can take it down to 7715-7730. However, the resistance is at 8130-8150. Banking stocks came in for heavy profit booking and State Bank of India fell by Rs.20 from Rs. 275 to Rs. 255. Bank Nifty has not yet reached its Brexit low of 16950 which underlines recent outperformance of the Index. The major support of Bank Nifty lies at 18145 which was the low made on 9th November, the day when the Global markets saw panic as

United States elected Donald Trump as their new President.

FII selling continues in both cash and F&O segment. They are big sellers for this F&O November series on the grounds of increasing prospects of rate hike in US which is leading to the Dollar’s flight from emerging economies to developed economies.

Nifty Futures is expected to open at 8011 as per SGX Nifty at 8:30 am IST, which is 52 points above its previous close of 7959.

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.1310 Cr and DII bought shares worth Rs. 1211 Cr. A combined sell of Rs. 99.8.12 Cr. For this expiry, FII and DII together are sellers worth Rs. 2188 Cr.

In Index Options, last trading day, FII have sold 43928 contracts, above its 1 year average of 18280 contracts. Pro have sold 26843 contracts, below its 1 year average of 27670 contracts. Combined there has been a net sell of 70771 contracts, above its 1 year average of 39000 contracts. For the current expiry, FII and Pro combined are net sellers of 581640 contracts.

In Index Futures, last trading day, FII have bought 18219 contracts, above its 1 year average of 9706 contracts. Pro have sold 17558 contracts, above its 1 year average of 4903 contracts. Combined there has been a net buy of 661 contracts below its 1 year average of 9401 contracts. For the current expiry, FII and Pro combined are net sellers of 64834 contracts.

International Market Morning Update:

International Markets saw a positive uptick with S&P Futures making a new all time high of 2196 and German Dax being stable at 10720. The uptrend in developed markets is in sharp contrast to Emerging markets which has seen a sell off. This shows that Dollar is being pulled out of the Emerging economies and getting its foot rooted back in the US signaling that the rate hike in December is more than imminent.

Emerging markets in Asia are showing a mixed movement. Japan’s Nikkei is trading flat this morning.

IndexCountry1D % Change
Developed Markets
AmericaS AND P 500 INDEXUS0.62
DJIA INDEXUS0.37
EuropeDAX INDEXGermany0.42
EURO STOXX 50 INDEXEurozone0.66
CAC 40 INDEXParis0.91
FTSE 100 INDEXLondon0.33
AsiaNIKKEI 225 INDEXJapan0.77
ASX 200 INDEXAustralia-0.151
Emerging Markets
AmericaBOVESPA INDEXBrazil1.85
AsiaJAKARTA COMPOSITE INDEXJakarta-0.421
HANG SENG INDEXChina0.06
SET INDEXThailand0.3
PHILIPPINE STOCK INDEXPhilippine-1.25
KOSPI INDEXKorea-0.28
STRAITS TIMES INDEXSingapore-0.77

Data as on 21st November 2016. The % change is taken from previous day’s close.

List of Top Gainers and Losers on 21st November 2016

TOP GAINER TOP LOSER
SYMBOLLTP%CHANGESECTOR SYMBOLLTP%CHANGESECTOR
OUDHSUG104.558.57FMCG- SUGARLAKSHVILAS131.55-12.96BANKS-PRIVATE
ADANITRANS45.92.46INFRA- POWERSARDAEN192.8-11.01METALS AND MINING
SHRIRAMCIT1847.31.92FINANCIAL SERVICES- NBFCVLSFINANCE46.2-9.94FINANCIAL SERVICES
CANFINHOME1521.651.19FINANCIAL SERVICES- NBFCPRAKASH43.1-9.45METALS AND MINING
VISAKAIND178.750.96CEMENTTFCILTD45.15-8.6FINANCIAL SERVICES- NBFC
GEOMETRIC231.65-0.19ITUFLEX232.95-8.22FMCG- PACKAGING
RAMCOCEM523.9-0.23CEMENTBANCOINDIA161-7.84AUTO-AUTO ANCL AND COMPONENTS
CHOLAFIN982.05-0.24FINANCIAL SERVICES- NBFCDELTACORP107.15-7.75ENTERTAINMENT-HOTELS AND LEISURE
PEL1434.45-0.27PHARMAMINDAIND272.4-7.68AUTO- AUTOMOBILES AND AUTO PARTS
MONSANTO2250.2-0.64CHEMICALSTRIGYN82.8-7.59IT
VTL1060.35-0.74TEXTILES AND APPARELPHILIPCARB207.2-7.52CHEMICALS
WHIRLPOOL905.2-0.79REALTY- HOUSEHOLDJAMNAAUTO172.9-7.27AUTO- AUTOMOBILES AND AUTO PARTS
BLUESTARCO460.65-0.81REALTY- HOUSEHOLDMANAPPURAM70.1-7.21FINANCIAL SERVICES- NBFC
KALPATPOWR232.5-0.94INFRA- POWERJKTYRE114-7.17AUTO- TYRES AND TUBES
VENKEYS401.95-1.08FMCG- FOODKSL246.95-7.16METALS AND MINING
KAJARIACER473-1.11REALTY- HOUSEHOLDORIENTPPR60.2-7.03REALTY- HOUSEHOLD
AIAENG1225.1-1.13INFRA- MACHINERY EQUIPMENTRBL790-6.94AUTO- AUTOMOBILES AND AUTO PARTS
HEIDELBERG105-1.18CEMENTJBMA199-6.85AUTO-AUTO ANCL AND COMPONENTS
GHCL230.65-1.2CHEMICALSCHEMFALKAL219.65-6.79CHEMICALS
DALMIASUG106.05-1.3FMCG- SUGARSURYAROSNI187.25-6.61REALTY- HOUSEHOLD
RAYMOND503-1.42TEXTILES AND APPARELPRICOL80-6.54AUTO-AUTO ANCL AND COMPONENTS
NATIONALUM49.35-1.59METALS AND MININGRPGLIFE428.85-6.5PHARMA
STRTECH92.5-1.8INFRA- TELECOMIGARASHI675-6.26AUTO-AUTO ANCL AND COMPONENTS
GSFC80.8-1.94FERTILISERSKESORAMIND122.5-6.24DIVERSIFIED
CENTURYPLY175.85-1.97REALTY- HOUSEHOLDSATIN361.05-6.14FINANCIAL SERVICES
KNRCON725.1-1.97INFRA- CONSTRUCTION ENGINEERING AND MATERIALSSUDARSCHEM300.5-6.11CHEMICALS
SYNGENE523.5-2.17PHARMAESCORTS283-6.1AUTO- AUTOMOBILES AND AUTO PARTS
VGUARD169.35-2.39REALTY- HOUSEHOLDDEEPIND212-5.99ENERGY-OIL & GAS
MOIL305.7-2.47METALS AND MININGSHARDACROP368.95-5.78CHEMICALS

Dynamic Sector Performance – 21st November 2016

Sector% Change
FMCG- SUGAR-0.69%
TEXTILES AND APPAREL-1.42%
FMCG-1.46%
AIRLINES-1.50%
INFRA- TELECOM-2.10%
JEWELLERY-2.13%
FERTILISERS-2.17%
INFRA- POWER-2.35%
IT-2.37%
ENERGY-OIL & GAS-2.59%
PHARMA-2.79%
FMCG- FOOD-2.79%
FINANCIAL SERVICES- NBFC-2.82%
MEDIA- ENTERTAINMENT-3.01%
CEMENT-3.06%
FOOTWEAR-3.15%
INFRA- MACHINERY EQUIPMENT-3.19%
REALTY-3.38%
ENTERTAINMENT-HOTELS AND LEISURE-3.49%
DIVERSIFIED-3.58%
CHEMICALS-3.58%
TRANSPORTATION LOGISTICS-3.72%
FINANCIAL SERVICES-3.79%
FMCG- BREVERAGES-3.86%
REALTY- HOUSEHOLD-3.97%
PAPER-3.98%
INFRA- CONSTRUCTION ENGINEERING AND MATERIALS-4.00%
AUTO- AUTOMOBILES AND AUTO PARTS-4.24%
METALS AND MINING-4.39%
AUTO- TYRES AND TUBES-4.40%
MEDIA-4.43%
BANKS-PRIVATE-4.55%
DEFENCE-4.73%
FMCG- PACKAGING-5.31%
AUTO-AUTO ANCL AND COMPONENTS-5.42%
BANKS-PSU-5.55%

Stocks near Support

Support Shares
These stocks were near support on 18th November
ScriptLTPSupport LevelScriptLTPSupport Level
Large Cap StocksSmall & Mid Cap Stocks
CONCOR12191224.9Month 7 LowCENTURYPLY179.4176.5Month 1 Low
ITC227.9228.05Month 1 LowMBLINFRA79.7580.05Month 1 Low
CENTURYTEX749.4750Month 1 LowLLOYDELENG244.35242.75Month 2 Low
JETAIRWAYS360.1360Month 1 LowMIRZAINT72.9573.2Month 1 Low
ACC13101295Month 1 LowOUDHSUG96.379.1Month 5 Low
GRASIM818.6798.25Month 1 LowTRIGYN89.689.5Month 2 Low
BEML821.8788Month 5 LowKAKATCEM231.2226Month 1 Low
ABIRLANUVO11851146.1Month 1 LowENERGYDEV103.5107Month 3 Low
HAVELLS320312.4Month 7 LowPVR10811055.6Month 2 Low
BATAINDIA425.3415Month 1 LowKIRIINDUS263.7261.1Month 2 Low

Result Calendar

SYMBOLResult Date
ABFRL24-Nov

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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