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

MonthRs Cr
Jan-14356
Feb-12513.1
Mar24201.51
Apr3056.28
May-186.61
Jun3957.95
Jul10121.56
Aug8778.01
Sep3329.62
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

CallPut
OI (Contracts)StrikeStrikeOI (Contracts)
666508200800045214
697248500790038249
627178700780058546

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.

IndexCountry1D % Change
Developed Markets
AmericaS AND P 500 INDEXUS0.35
DJIA INDEXUS0.43
EuropeDAX INDEXGermany0.33
EURO STOXX 50 INDEXEurozone0.33
CAC 40 INDEXParis0.35
FTSE 100 INDEXLondon0.78
AsiaNIKKEI 225 INDEXJapan0.31
ASX 200 INDEXAustralia1.159
Emerging Markets
AmericaBOVESPA INDEXBrazil1.45
AsiaJAKARTA COMPOSITE INDEXJakarta1.095
HANG SENG INDEXChina1.43
SET INDEXThailand0.5
PHILIPPINE STOCK INDEXPhilippine-2.53
KOSPI INDEXKorea1.15
STRAITS TIMES INDEXSingapore0.2

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 GAINERTOP LOSER
SYMBOLLTP%CHANGESECTOR SYMBOLLTP%CHANGESECTOR
DALMIASUG116.159.47FMCG- SUGARSATIN337-6.21FINANCIAL SERVICES
FINPIPE4239.01REALTY- HOUSEHOLDBHAGERIA287.2-5CHEMICALS
RAMCOIND183.38.62REALTY- HOUSEHOLDIGPL192.15-4.99CHEMICALS
RAMCOCEM558.756.78CEMENTJKCEMENT642-3.42CEMENT
NATIONALUM52.256.63METALS AND MININGTIRUMALCHM592-3.17CHEMICALS
KSL263.256.54METALS AND MININGKNRCON704-3.05INFRA- CONSTRUCTION ENGINEERING AND MATERIALS
RAIN47.96.33CEMENTJKTYRE110.45-2.82AUTO- TYRES AND TUBES
MANAPPURAM73.955.64FINANCIAL SERVICES- NBFCMINDAIND264-2.74AUTO- AUTOMOBILES AND AUTO PARTS
JMFINANCIL58.655.3FINANCIAL SERVICESSARDAEN189.5-2.65METALS AND MINING
PEL1507.95.03PHARMARBL770-2.56AUTO- AUTOMOBILES AND AUTO PARTS
WSTCSTPAPR125.454.72PAPERRPGLIFE416.05-2.51PHARMA
DEEPIND220.954.57ENERGY-OIL & GASKAJARIACER464.05-2.19REALTY- HOUSEHOLD
OBEROIRLTY273.254.43REALTYMEGH35.45-1.8CHEMICALS
SUPPETRO1904.28CHEMICALSOUDHSUG102.55-1.77FMCG- SUGAR
IIFL253.854.23FINANCIAL SERVICESHINDOILEXP51.5-1.72ENERGY-OIL & GAS
GMDCLTD95.154.22METALS AND MININGGAEL79-1.62FMCG- FOOD
ESCORTS294.053.78AUTO- AUTOMOBILES AND AUTO PARTSSSWL487.25-1.6AUTO-AUTO ANCL AND COMPONENTS
SUDARSCHEM3093.57CHEMICALSCOSMOFILMS323-1.57FMCG- PACKAGING
TIMETECHNO90.53.55FMCG- PACKAGINGKIRIINDUS247.5-1.55CHEMICALS
JBMA203.53.46AUTO-AUTO ANCL AND COMPONENTSVLSFINANCE45.9-1.5FINANCIAL SERVICES
CARERATING1351.953.4FINANCIAL SERVICESTATASPONGE499.55-1.49METALS AND MINING
MOTILALOFS461.63.37FINANCIAL SERVICESSUNDRMFAST277.15-1.49AUTO-AUTO ANCL AND COMPONENTS
TUBEINVEST588.53.21AUTO-AUTO ANCL AND COMPONENTSALPHAGEO832.95-1.43ENERGY-OIL & GAS
CUB134.053.19BANKS-PRIVATEANANTRAJ33.5-1.33REALTY
EDELWEISS90.93.18FINANCIAL SERVICESSHRIRAMCIT1829-1.04FINANCIAL SERVICES- NBFC
JUBILANT626.353.15PHARMAVISAKAIND177.05-1.03CEMENT
HIMATSEIDE267.13.09TEXTILES AND APPARELMOIL301-1.02METALS AND MINING
MUTHOOTFIN297.82.9FINANCIAL SERVICES- NBFCSONASTEER49-0.91AUTO-AUTO ANCL AND COMPONENTS
FIEMIND1066.952.89AUTO-AUTO ANCL AND COMPONENTSKALPATPOWR231-0.82INFRA- POWER

Dynamic Sector Performance – 22nd November 2016

Sector% Change
FMCG- PACKAGING3.46%
PAPER3.08%
TEXTILES AND APPAREL2.42%
JEWELLERY1.98%
FMCG- SUGAR1.69%
MEDIA1.57%
FERTILISERS1.54%
ENERGY-OIL & GAS1.54%
METALS AND MINING1.53%
REALTY- HOUSEHOLD1.52%
FINANCIAL SERVICES1.47%
FINANCIAL SERVICES- NBFC1.45%
DEFENCE1.41%
AUTO-AUTO ANCL AND COMPONENTS1.38%
REALTY1.33%
AUTO- AUTOMOBILES AND AUTO PARTS1.25%
CEMENT1.09%
DIVERSIFIED0.94%
PHARMA0.88%
CHEMICALS0.83%
INFRA- CONSTRUCTION ENGINEERING AND MATERIALS0.80%
FMCG- FOOD0.76%
ENTERTAINMENT-HOTELS AND LEISURE0.69%
FOOTWEAR0.56%
BANKS-PRIVATE0.55%
FMCG0.52%
IT0.52%
FMCG- BREVERAGES0.51%
TRANSPORTATION LOGISTICS0.46%
INFRA- TELECOM0.43%
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
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 DateSYMBOLResult Date
PCJEWELLER23-NovABFRL24-Nov
SIEMENS23-NovUFLEX25-Nov
JSL23-NovBATAINDIA25-Nov
SOLARINDS23-NovICIL25-Nov
LLOYDELENG23-NovSHILPAMED25-Nov
SUVEN24-NovNAVKARCORP25-Nov
MANPASAND24-NovBEML25-Nov
JINDALPOLY24-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.

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