Nifty Closes Above 8000, FII Selling In Nov Worth Rs. 13296 Cr

Indian Market Outlook:

Indian Benchmark Index Nifty has taken support of 7925 levels to close at 8014 yesterday. The pullback yesterday in the last hour of trading is expected to continue today morning as well with SGX Nifty indicating a gap up opening at 8050. However, the overall trend of the market is down and this rally can be attributed to markets being oversold and correcting itself. Yesterday, Bank Nifty also saw a pullback closing above 18500 along with NSE Small Cap Index, which saw a 100 point uptick in the latter half of the trading session.

Nifty has a resistance of 8120-8130 and the markets can retest these levels upwards and Bank Nifty can go up to 18860 levels.

Nifty Futures is expected to open at 8050 as per SGX Nifty at 8:30 am IST, which is 36 points above its previous close of 8014.

FII Monthly Cash Activity for 2016

Month Rs Cr
Jan -14356
Feb -12513.1
Mar 24201.51
Apr 3056.28
May -186.61
Jun 3957.95
Jul 10121.56
Aug 8778.01
Sep 3329.62
Oct -5355.76
Nov -13296

FII’s have sold shares worth Rs. 13296 Cr in the month of Nov. Such heavy selling was experienced in the month of Jan, 2016 to the tune of Rs. 14356 Cr and it stretched into the month of February where FII’s were sellers worth Rs. 12513 Cr and Nifty reacted negatively by ending February down 550 points from Jan close.The current selling also signals an extended weakness in the markets.

Top 3 option strikes for Nov Expiry

Call Put
OI (Contracts) Strike Strike OI (Contracts)
66650 8200 8000 45214
69724 8500 7900 38249
62717 8700 7800 58546

The above table shows that for the month of November, heavy Open Interest in call stands at 8200 strike and in Put at 8000 strike. This signals that the expiry is going to be in the range of 8200 to 8000.

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 are having a positive week with S&P futures trading at all time high of 2202 and German Dax showing positive upside movement but is unable to break the upside range of 10828. In today’s trading, Japan’s Nikkei is trading flat.

Trump presidency’s policy disclosure and the Dec rate hike expectations in the US can keep the markets volatile for the days to come.

Index Country 1D % Change
Developed Markets
America S AND P 500 INDEX US 0.35
DJIA INDEX US 0.43
Europe DAX INDEX Germany 0.33
EURO STOXX 50 INDEX Eurozone 0.33
CAC 40 INDEX Paris 0.35
FTSE 100 INDEX London 0.78
Asia NIKKEI 225 INDEX Japan 0.31
ASX 200 INDEX Australia 1.159
Emerging Markets
America BOVESPA INDEX Brazil 1.45
Asia JAKARTA COMPOSITE INDEX Jakarta 1.095
HANG SENG INDEX China 1.43
SET INDEX Thailand 0.5
PHILIPPINE STOCK INDEX Philippine -2.53
KOSPI INDEX Korea 1.15
STRAITS TIMES INDEX Singapore 0.2

Data as on 22nd November 2016. The % change is taken from previous day’s close.

List of Top Gainers and Losers on 22nd November 2016

TOP GAINER TOP LOSER
SYMBOL LTP %CHANGE SECTOR   SYMBOL LTP %CHANGE SECTOR
DALMIASUG 116.15 9.47 FMCG- SUGAR SATIN 337 -6.21 FINANCIAL SERVICES
FINPIPE 423 9.01 REALTY- HOUSEHOLD BHAGERIA 287.2 -5 CHEMICALS
RAMCOIND 183.3 8.62 REALTY- HOUSEHOLD IGPL 192.15 -4.99 CHEMICALS
RAMCOCEM 558.75 6.78 CEMENT JKCEMENT 642 -3.42 CEMENT
NATIONALUM 52.25 6.63 METALS AND MINING TIRUMALCHM 592 -3.17 CHEMICALS
KSL 263.25 6.54 METALS AND MINING KNRCON 704 -3.05 INFRA- CONSTRUCTION ENGINEERING AND MATERIALS
RAIN 47.9 6.33 CEMENT JKTYRE 110.45 -2.82 AUTO- TYRES AND TUBES
MANAPPURAM 73.95 5.64 FINANCIAL SERVICES- NBFC MINDAIND 264 -2.74 AUTO- AUTOMOBILES AND AUTO PARTS
JMFINANCIL 58.65 5.3 FINANCIAL SERVICES SARDAEN 189.5 -2.65 METALS AND MINING
PEL 1507.9 5.03 PHARMA RBL 770 -2.56 AUTO- AUTOMOBILES AND AUTO PARTS
WSTCSTPAPR 125.45 4.72 PAPER RPGLIFE 416.05 -2.51 PHARMA
DEEPIND 220.95 4.57 ENERGY-OIL & GAS KAJARIACER 464.05 -2.19 REALTY- HOUSEHOLD
OBEROIRLTY 273.25 4.43 REALTY MEGH 35.45 -1.8 CHEMICALS
SUPPETRO 190 4.28 CHEMICALS OUDHSUG 102.55 -1.77 FMCG- SUGAR
IIFL 253.85 4.23 FINANCIAL SERVICES HINDOILEXP 51.5 -1.72 ENERGY-OIL & GAS
GMDCLTD 95.15 4.22 METALS AND MINING GAEL 79 -1.62 FMCG- FOOD
ESCORTS 294.05 3.78 AUTO- AUTOMOBILES AND AUTO PARTS SSWL 487.25 -1.6 AUTO-AUTO ANCL AND COMPONENTS
SUDARSCHEM 309 3.57 CHEMICALS COSMOFILMS 323 -1.57 FMCG- PACKAGING
TIMETECHNO 90.5 3.55 FMCG- PACKAGING KIRIINDUS 247.5 -1.55 CHEMICALS
JBMA 203.5 3.46 AUTO-AUTO ANCL AND COMPONENTS VLSFINANCE 45.9 -1.5 FINANCIAL SERVICES
CARERATING 1351.95 3.4 FINANCIAL SERVICES TATASPONGE 499.55 -1.49 METALS AND MINING
MOTILALOFS 461.6 3.37 FINANCIAL SERVICES SUNDRMFAST 277.15 -1.49 AUTO-AUTO ANCL AND COMPONENTS
TUBEINVEST 588.5 3.21 AUTO-AUTO ANCL AND COMPONENTS ALPHAGEO 832.95 -1.43 ENERGY-OIL & GAS
CUB 134.05 3.19 BANKS-PRIVATE ANANTRAJ 33.5 -1.33 REALTY
EDELWEISS 90.9 3.18 FINANCIAL SERVICES SHRIRAMCIT 1829 -1.04 FINANCIAL SERVICES- NBFC
JUBILANT 626.35 3.15 PHARMA VISAKAIND 177.05 -1.03 CEMENT
HIMATSEIDE 267.1 3.09 TEXTILES AND APPAREL MOIL 301 -1.02 METALS AND MINING
MUTHOOTFIN 297.8 2.9 FINANCIAL SERVICES- NBFC SONASTEER 49 -0.91 AUTO-AUTO ANCL AND COMPONENTS
FIEMIND 1066.95 2.89 AUTO-AUTO ANCL AND COMPONENTS KALPATPOWR 231 -0.82 INFRA- POWER

Dynamic Sector Performance – 22nd November 2016

Sector % Change
FMCG- PACKAGING 3.46%
PAPER 3.08%
TEXTILES AND APPAREL 2.42%
JEWELLERY 1.98%
FMCG- SUGAR 1.69%
MEDIA 1.57%
FERTILISERS 1.54%
ENERGY-OIL & GAS 1.54%
METALS AND MINING 1.53%
REALTY- HOUSEHOLD 1.52%
FINANCIAL SERVICES 1.47%
FINANCIAL SERVICES- NBFC 1.45%
DEFENCE 1.41%
AUTO-AUTO ANCL AND COMPONENTS 1.38%
REALTY 1.33%
AUTO- AUTOMOBILES AND AUTO PARTS 1.25%
CEMENT 1.09%
DIVERSIFIED 0.94%
PHARMA 0.88%
CHEMICALS 0.83%
INFRA- CONSTRUCTION ENGINEERING AND MATERIALS 0.80%
FMCG- FOOD 0.76%
ENTERTAINMENT-HOTELS AND LEISURE 0.69%
FOOTWEAR 0.56%
BANKS-PRIVATE 0.55%
FMCG 0.52%
IT 0.52%
FMCG- BREVERAGES 0.51%
TRANSPORTATION LOGISTICS 0.46%
INFRA- TELECOM 0.43%
INFRA- MACHINERY EQUIPMENT -0.07%
BANKS-PSU -0.13%
AUTO- TYRES AND TUBES -0.14%
INFRA- POWER -0.45%
MEDIA- ENTERTAINMENT -0.61%
AIRLINES -0.63%

Stocks near Support

Support Shares
These stocks were near support on 22nd 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 SYMBOL Result Date
PCJEWELLER 23-Nov ABFRL 24-Nov
SIEMENS 23-Nov UFLEX 25-Nov
JSL 23-Nov BATAINDIA 25-Nov
SOLARINDS 23-Nov ICIL 25-Nov
LLOYDELENG 23-Nov SHILPAMED 25-Nov
SUVEN 24-Nov NAVKARCORP 25-Nov
MANPASAND 24-Nov BEML 25-Nov
JINDALPOLY 24-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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