Nifty at 8000, FII Big Sellers in Cash Market

Indian Market Outlook:

Indian Benchmark Index Nifty saw a range movement between 8080-8130. Today being the last day of November FO series volatility can be expected. The support for Nifty stays at 7925 and Bank Nifty is trading at a support level of 18500.

FII have been net sellers on the cash markets but past two days there has been some buying in NSE. Small Cap Index which has gone up by 150 points from low of 5410.

Nifty Futures is expected to open at 7969 as per SGX Nifty at 8:30 am IST, which is 45 points below 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-15013.22

FII’s have sold shares worth Rs. 15013.22 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)
617368100800045214
665238200790038249
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.1023.10 Cr and DII bought shares worth Rs. 1255 Cr. A combined buy of Rs. 231.55 Cr. For this expiry, FII and DII together are sellers worth Rs. 1574.20 Cr.

In Index Options, last trading day, FII have sold 6630 contracts, below its 1 year average of 18280 contracts. Pro have bought 19526 contracts, below its 1 year average of 27670 contracts. Combined there has been a net buy of 12896 contracts, below its 1 year average of 39000 contracts. For the current expiry, FII and Pro combined are net sellers of 503772 contracts.

In Index Futures, last trading day, FII have bought 445 contracts, below its 1 year average of 9706 contracts. Pro have sold 8732 contracts, above its 1 year average of 4903 contracts. Combined there has been a net sell of 8287 contracts below its 1 year average of 9401 contracts. For the current expiry, FII and Pro combined are net sellers of 67594 contracts.

International Market Morning Update:

International markets remain in the uptrend. S&P Futures is trading above 2199 and German Dax is trading in a range of 10650-10800.

There is a big divergence between developed and emerging markets, where the latter is falling because of short term rise in US Interest rate in December.

In today’s trading Japan’s Nikkei is trading up by 1%.

Trump’s Presidency 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 INDEXUS-0.02
DJIA INDEXUS0.32
EuropeDAX INDEXGermany-0.59
EURO STOXX 50 INDEXEurozone-0.49
CAC 40 INDEXParis-0.61
FTSE 100 INDEXLondon-0.22
AsiaNIKKEI 225 INDEXJapan0.31
ASX 200 INDEXAustralia1.312
Emerging Markets
AmericaBOVESPA INDEXBrazil0.05
AsiaJAKARTA COMPOSITE INDEXJakarta0.141
HANG SENG INDEXChina-0.01
SET INDEXThailand0.72
PHILIPPINE STOCK INDEXPhilippine0.5
KOSPI INDEXKorea0.51
STRAITS TIMES INDEXSingapore0.62

Data as on 23rd November 2016. The % change is taken from previous day’s close.

List of Top Gainers and Losers on 23rd November 2016

TOP GAINER TOP LOSER
SYMBOLLTP%CHANGESECTOR SYMBOLLTP%CHANGESECTOR
RBL923.4520AUTO- AUTOMOBILES AND AUTO PARTSAIAENG1196.4-2.76INFRA- MACHINERY EQUIPMENT
CHEMFALKAL263.2519.99CHEMICALSFINPIPE406.05-2.59REALTY- HOUSEHOLD
ADANITRANS56.1519.98INFRA- POWERVINATIORGA545-2.08CHEMICALS
ORIENTPPR66.512.71REALTY- HOUSEHOLDCANFINHOME1516.7-1.03FINANCIAL SERVICES- NBFC
MOIL338.112.18METALS AND MININGINDIANB245.1-0.87BANKS-PSU
PEL1670.7511.41PHARMASIMPLEXINF293.9-0.86INFRA- CONSTRUCTION ENGINEERING AND MATERIALS
TRIGYN91.7510.81ITAEGISCHEM139.9-0.85TRANSPORTATION LOGISTICS
KIRIINDUS272.5510.3CHEMICALSSONASTEER48.8-0.81AUTO-AUTO ANCL AND COMPONENTS
SATIN369.459.99FINANCIAL SERVICESGEOMETRIC231.65-0.55IT
MINDAIND2919.77AUTO- AUTOMOBILES AND AUTO PARTSCHOLAFIN993-0.42FINANCIAL SERVICES- NBFC
DALMIASUG127.19.47FMCG- SUGARCUB134.05-0.29BANKS-PRIVATE
PRAKASH47.18.03METALS AND MININGNATIONALUM51.95-0.1METALS AND MINING
JBMA219.457.92AUTO-AUTO ANCL AND COMPONENTSCENTURYPLY175.85-0.03REALTY- HOUSEHOLD
MEGH38.37.58CHEMICALSMUTHOOTFIN296.30.01FINANCIAL SERVICES- NBFC
GNFC204.27.45FERTILISERSHERITGFOOD828.10.04FMCG- FOOD
ANANTRAJ367.14REALTYCHENNPETRO254.750.1ENERGY-OIL & GAS
VENKEYS4417.09FMCG- FOODSUPPETRO189.40.16CHEMICALS
KSL2827.02METALS AND MININGTIMETECHNO90.60.22FMCG- PACKAGING
VISAKAIND1906.92CEMENTOBEROIRLTY275.050.22REALTY
NEULANDLAB1003.96.84PHARMAIDFCBANK69.450.29BANKS-PRIVATE
PHILIPCARB2226.73CHEMICALSMONSANTO22630.31CHEMICALS
WSTCSTPAPR133.456.58PAPERGICHSGFIN271.30.31FINANCIAL SERVICES- NBFC
UFLEX249.856.43FMCG- PACKAGINGSUNDRMFAST278.40.38AUTO-AUTO ANCL AND COMPONENTS
KAJARIACER494.856.36REALTY- HOUSEHOLDFINCABLES3890.46INFRA- TELECOM
JKCEMENT684.956.21CEMENTEXCELCROP1702.250.46CHEMICALS
IGARASHI7206.17AUTO-AUTO ANCL AND COMPONENTSDCBBANK108.550.51BANKS-PRIVATE
SARDAEN201.46.17METALS AND MININGSYNGENE529.750.71PHARMA
HEIDELBERG112.956.11CEMENTATUL2030.050.75CHEMICALS
KESORAMIND131.85.95DIVERSIFIEDSMLISUZU10720.77AUTO- AUTOMOBILES AND AUTO PARTS

Dynamic Sector Performance – 23rd November 2016

Sector% Change
FMCG- SUGAR5.39%
PAPER4.87%
AUTO-AUTO ANCL AND COMPONENTS4.03%
FINANCIAL SERVICES3.76%
AIRLINES3.67%
TEXTILES AND APPAREL3.62%
AUTO- AUTOMOBILES AND AUTO PARTS3.61%
REALTY- HOUSEHOLD3.37%
REALTY3.11%
DIVERSIFIED2.99%
INFRA- CONSTRUCTION ENGINEERING AND MATERIALS2.82%
CHEMICALS2.79%
CEMENT2.77%
PHARMA2.72%
METALS AND MINING2.70%
FERTILISERS2.69%
ENTERTAINMENT-HOTELS AND LEISURE2.61%
FMCG- FOOD2.38%
MEDIA- ENTERTAINMENT1.88%
FINANCIAL SERVICES- NBFC1.84%
INFRA- POWER1.75%
IT1.70%
FMCG- BREVERAGES1.68%
MEDIA1.65%
TRANSPORTATION LOGISTICS1.33%
ENERGY-OIL & GAS1.29%
JEWELLERY1.26%
DEFENCE1.09%
FMCG- PACKAGING1.07%
INFRA- MACHINERY EQUIPMENT1.00%
INFRA- TELECOM0.96%
FMCG0.74%
BANKS-PRIVATE0.17%
AUTO- TYRES AND TUBES0.03%
FOOTWEAR-0.20%
BANKS-PSU-0.46%

Stocks near Support

Support Shares
These stocks were near support on 23rd November
ScriptLTPSupport LevelScriptLTPSupport Level
Large Cap StocksSmall & Mid Cap Stocks
CONCOR11271133.1Month 1 LowBHAGERIA301.55287Month 1 Low
BHEL125.1123.6Month 1 LowAKZOINDIA14401391Month 1 Low
ITC224.7223.5Month 1 Low3MINDIA1108411110Month 1 Low
BATAINDIA417.2413.5Month 1 LowIGPL201.75192.15Month 1 Low
MRF4751446200Month 1 LowAIAENG1195.51193Month 1 Low
MCLEODRUSS147143.8Month 1 LowJKTYRE112.8109.8Month 1 Low
ASHOKLEY77.273.5Month 1 LowRDEL50.4548.3Month 1 Low
CASTROLIND393.3379Month 4 LowMBLINFRA74.4570.3Month 1 Low
ACC13031256.6Month 1 LowRBL923.45743.2Month 1 Low
IDFC56.6553.1Month 3 LowEVEREADY219211Month 1 Low

Result Calendar

SYMBOLResult Date
SUVEN24-Nov
MANPASAND24-Nov
JINDALPOLY24-Nov
ABFRL24-Nov
UFLEX25-Nov
BATAINDIA25-Nov
ICIL25-Nov
SHILPAMED25-Nov
NAVKARCORP25-Nov
BEML25-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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