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.

Index Country 1D % Change
Developed Markets
America S AND P 500 INDEX US 0.62
DJIA INDEX US 0.37
Europe DAX INDEX Germany 0.42
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
Emerging Markets
America BOVESPA INDEX Brazil 1.85
Asia JAKARTA COMPOSITE INDEX Jakarta -0.421
HANG SENG INDEX China 0.06
SET INDEX Thailand 0.3
PHILIPPINE STOCK INDEX Philippine -1.25
KOSPI INDEX Korea -0.28
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
SYMBOL LTP %CHANGE SECTOR   SYMBOL LTP %CHANGE SECTOR
OUDHSUG 104.55 8.57 FMCG- SUGAR LAKSHVILAS 131.55 -12.96 BANKS-PRIVATE
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
GEOMETRIC 231.65 -0.19 IT UFLEX 232.95 -8.22 FMCG- PACKAGING
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
MONSANTO 2250.2 -0.64 CHEMICALS TRIGYN 82.8 -7.59 IT
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
GHCL 230.65 -1.2 CHEMICALS CHEMFALKAL 219.65 -6.79 CHEMICALS
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
GSFC 80.8 -1.94 FERTILISERS KESORAMIND 122.5 -6.24 DIVERSIFIED
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

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
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

Result Calendar

SYMBOL Result Date
ABFRL 24-Nov

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.

Share This Post

Post Comment