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
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.
|Index||Country||1D % Change|
|America||S AND P 500 INDEX||US||0.62|
|EURO STOXX 50 INDEX||Eurozone||0.66|
|CAC 40 INDEX||Paris||0.91|
|FTSE 100 INDEX||London||0.33|
|Asia||NIKKEI 225 INDEX||Japan||0.77|
|ASX 200 INDEX||Australia||-0.151|
|Asia||JAKARTA COMPOSITE INDEX||Jakarta||-0.421|
|HANG SENG INDEX||China||0.06|
|PHILIPPINE STOCK INDEX||Philippine||-1.25|
|STRAITS TIMES INDEX||Singapore||-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|
|ADANITRANS||45.9||2.46||INFRA- POWER||SARDAEN||192.8||-11.01||METALS AND MINING|
|SHRIRAMCIT||1847.3||1.92||FINANCIAL SERVICES- NBFC||VLSFINANCE||46.2||-9.94||FINANCIAL SERVICES|
|CANFINHOME||1521.65||1.19||FINANCIAL SERVICES- NBFC||PRAKASH||43.1||-9.45||METALS AND MINING|
|VISAKAIND||178.75||0.96||CEMENT||TFCILTD||45.15||-8.6||FINANCIAL SERVICES- NBFC|
|RAMCOCEM||523.9||-0.23||CEMENT||BANCOINDIA||161||-7.84||AUTO-AUTO ANCL AND COMPONENTS|
|CHOLAFIN||982.05||-0.24||FINANCIAL SERVICES- NBFC||DELTACORP||107.15||-7.75||ENTERTAINMENT-HOTELS AND LEISURE|
|PEL||1434.45||-0.27||PHARMA||MINDAIND||272.4||-7.68||AUTO- AUTOMOBILES AND AUTO PARTS|
|VTL||1060.35||-0.74||TEXTILES AND APPAREL||PHILIPCARB||207.2||-7.52||CHEMICALS|
|WHIRLPOOL||905.2||-0.79||REALTY- HOUSEHOLD||JAMNAAUTO||172.9||-7.27||AUTO- AUTOMOBILES AND AUTO PARTS|
|BLUESTARCO||460.65||-0.81||REALTY- HOUSEHOLD||MANAPPURAM||70.1||-7.21||FINANCIAL SERVICES- NBFC|
|KALPATPOWR||232.5||-0.94||INFRA- POWER||JKTYRE||114||-7.17||AUTO- TYRES AND TUBES|
|VENKEYS||401.95||-1.08||FMCG- FOOD||KSL||246.95||-7.16||METALS AND MINING|
|KAJARIACER||473||-1.11||REALTY- HOUSEHOLD||ORIENTPPR||60.2||-7.03||REALTY- HOUSEHOLD|
|AIAENG||1225.1||-1.13||INFRA- MACHINERY EQUIPMENT||RBL||790||-6.94||AUTO- AUTOMOBILES AND AUTO PARTS|
|HEIDELBERG||105||-1.18||CEMENT||JBMA||199||-6.85||AUTO-AUTO ANCL AND COMPONENTS|
|DALMIASUG||106.05||-1.3||FMCG- SUGAR||SURYAROSNI||187.25||-6.61||REALTY- HOUSEHOLD|
|RAYMOND||503||-1.42||TEXTILES AND APPAREL||PRICOL||80||-6.54||AUTO-AUTO ANCL AND COMPONENTS|
|NATIONALUM||49.35||-1.59||METALS AND MINING||RPGLIFE||428.85||-6.5||PHARMA|
|STRTECH||92.5||-1.8||INFRA- TELECOM||IGARASHI||675||-6.26||AUTO-AUTO ANCL AND COMPONENTS|
|CENTURYPLY||175.85||-1.97||REALTY- HOUSEHOLD||SATIN||361.05||-6.14||FINANCIAL SERVICES|
|KNRCON||725.1||-1.97||INFRA- CONSTRUCTION ENGINEERING AND MATERIALS||SUDARSCHEM||300.5||-6.11||CHEMICALS|
|SYNGENE||523.5||-2.17||PHARMA||ESCORTS||283||-6.1||AUTO- AUTOMOBILES AND AUTO PARTS|
|VGUARD||169.35||-2.39||REALTY- HOUSEHOLD||DEEPIND||212||-5.99||ENERGY-OIL & GAS|
|MOIL||305.7||-2.47||METALS AND MINING||SHARDACROP||368.95||-5.78||CHEMICALS|
Dynamic Sector Performance – 21st November 2016
|TEXTILES AND APPAREL||-1.42%|
|ENERGY-OIL & GAS||-2.59%|
|FINANCIAL SERVICES- NBFC||-2.82%|
|INFRA- MACHINERY EQUIPMENT||-3.19%|
|ENTERTAINMENT-HOTELS AND LEISURE||-3.49%|
|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%|
|AUTO-AUTO ANCL AND COMPONENTS||-5.42%|
Stocks near Support
|These stocks were near support on 18th November|
|Script||LTP||Support Level||Script||LTP||Support Level|
|Large Cap Stocks||Small & Mid Cap Stocks|
|CONCOR||1219||1224.9||Month 7 Low||CENTURYPLY||179.4||176.5||Month 1 Low|
|ITC||227.9||228.05||Month 1 Low||MBLINFRA||79.75||80.05||Month 1 Low|
|CENTURYTEX||749.4||750||Month 1 Low||LLOYDELENG||244.35||242.75||Month 2 Low|
|JETAIRWAYS||360.1||360||Month 1 Low||MIRZAINT||72.95||73.2||Month 1 Low|
|ACC||1310||1295||Month 1 Low||OUDHSUG||96.3||79.1||Month 5 Low|
|GRASIM||818.6||798.25||Month 1 Low||TRIGYN||89.6||89.5||Month 2 Low|
|BEML||821.8||788||Month 5 Low||KAKATCEM||231.2||226||Month 1 Low|
|ABIRLANUVO||1185||1146.1||Month 1 Low||ENERGYDEV||103.5||107||Month 3 Low|
|HAVELLS||320||312.4||Month 7 Low||PVR||1081||1055.6||Month 2 Low|
|BATAINDIA||425.3||415||Month 1 Low||KIRIINDUS||263.7||261.1||Month 2 Low|
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.