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

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 -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

Call Put
OI (Contracts) Strike Strike OI (Contracts)
61736 8100 8000 45214
66523 8200 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.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.

Index Country 1D % Change
Developed Markets
America S AND P 500 INDEX US -0.02
DJIA INDEX US 0.32
Europe DAX INDEX Germany -0.59
EURO STOXX 50 INDEX Eurozone -0.49
CAC 40 INDEX Paris -0.61
FTSE 100 INDEX London -0.22
Asia NIKKEI 225 INDEX Japan 0.31
ASX 200 INDEX Australia 1.312
Emerging Markets
America BOVESPA INDEX Brazil 0.05
Asia JAKARTA COMPOSITE INDEX Jakarta 0.141
HANG SENG INDEX China -0.01
SET INDEX Thailand 0.72
PHILIPPINE STOCK INDEX Philippine 0.5
KOSPI INDEX Korea 0.51
STRAITS TIMES INDEX Singapore 0.62

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
SYMBOL LTP %CHANGE SECTOR   SYMBOL LTP %CHANGE SECTOR
RBL 923.45 20 AUTO- AUTOMOBILES AND AUTO PARTS AIAENG 1196.4 -2.76 INFRA- MACHINERY EQUIPMENT
CHEMFALKAL 263.25 19.99 CHEMICALS FINPIPE 406.05 -2.59 REALTY- HOUSEHOLD
ADANITRANS 56.15 19.98 INFRA- POWER VINATIORGA 545 -2.08 CHEMICALS
ORIENTPPR 66.5 12.71 REALTY- HOUSEHOLD CANFINHOME 1516.7 -1.03 FINANCIAL SERVICES- NBFC
MOIL 338.1 12.18 METALS AND MINING INDIANB 245.1 -0.87 BANKS-PSU
PEL 1670.75 11.41 PHARMA SIMPLEXINF 293.9 -0.86 INFRA- CONSTRUCTION ENGINEERING AND MATERIALS
TRIGYN 91.75 10.81 IT AEGISCHEM 139.9 -0.85 TRANSPORTATION LOGISTICS
KIRIINDUS 272.55 10.3 CHEMICALS SONASTEER 48.8 -0.81 AUTO-AUTO ANCL AND COMPONENTS
SATIN 369.45 9.99 FINANCIAL SERVICES GEOMETRIC 231.65 -0.55 IT
MINDAIND 291 9.77 AUTO- AUTOMOBILES AND AUTO PARTS CHOLAFIN 993 -0.42 FINANCIAL SERVICES- NBFC
DALMIASUG 127.1 9.47 FMCG- SUGAR CUB 134.05 -0.29 BANKS-PRIVATE
PRAKASH 47.1 8.03 METALS AND MINING NATIONALUM 51.95 -0.1 METALS AND MINING
JBMA 219.45 7.92 AUTO-AUTO ANCL AND COMPONENTS CENTURYPLY 175.85 -0.03 REALTY- HOUSEHOLD
MEGH 38.3 7.58 CHEMICALS MUTHOOTFIN 296.3 0.01 FINANCIAL SERVICES- NBFC
GNFC 204.2 7.45 FERTILISERS HERITGFOOD 828.1 0.04 FMCG- FOOD
ANANTRAJ 36 7.14 REALTY CHENNPETRO 254.75 0.1 ENERGY-OIL & GAS
VENKEYS 441 7.09 FMCG- FOOD SUPPETRO 189.4 0.16 CHEMICALS
KSL 282 7.02 METALS AND MINING TIMETECHNO 90.6 0.22 FMCG- PACKAGING
VISAKAIND 190 6.92 CEMENT OBEROIRLTY 275.05 0.22 REALTY
NEULANDLAB 1003.9 6.84 PHARMA IDFCBANK 69.45 0.29 BANKS-PRIVATE
PHILIPCARB 222 6.73 CHEMICALS MONSANTO 2263 0.31 CHEMICALS
WSTCSTPAPR 133.45 6.58 PAPER GICHSGFIN 271.3 0.31 FINANCIAL SERVICES- NBFC
UFLEX 249.85 6.43 FMCG- PACKAGING SUNDRMFAST 278.4 0.38 AUTO-AUTO ANCL AND COMPONENTS
KAJARIACER 494.85 6.36 REALTY- HOUSEHOLD FINCABLES 389 0.46 INFRA- TELECOM
JKCEMENT 684.95 6.21 CEMENT EXCELCROP 1702.25 0.46 CHEMICALS
IGARASHI 720 6.17 AUTO-AUTO ANCL AND COMPONENTS DCBBANK 108.55 0.51 BANKS-PRIVATE
SARDAEN 201.4 6.17 METALS AND MINING SYNGENE 529.75 0.71 PHARMA
HEIDELBERG 112.95 6.11 CEMENT ATUL 2030.05 0.75 CHEMICALS
KESORAMIND 131.8 5.95 DIVERSIFIED SMLISUZU 1072 0.77 AUTO- AUTOMOBILES AND AUTO PARTS

Dynamic Sector Performance – 23rd November 2016

Sector % Change
FMCG- SUGAR 5.39%
PAPER 4.87%
AUTO-AUTO ANCL AND COMPONENTS 4.03%
FINANCIAL SERVICES 3.76%
AIRLINES 3.67%
TEXTILES AND APPAREL 3.62%
AUTO- AUTOMOBILES AND AUTO PARTS 3.61%
REALTY- HOUSEHOLD 3.37%
REALTY 3.11%
DIVERSIFIED 2.99%
INFRA- CONSTRUCTION ENGINEERING AND MATERIALS 2.82%
CHEMICALS 2.79%
CEMENT 2.77%
PHARMA 2.72%
METALS AND MINING 2.70%
FERTILISERS 2.69%
ENTERTAINMENT-HOTELS AND LEISURE 2.61%
FMCG- FOOD 2.38%
MEDIA- ENTERTAINMENT 1.88%
FINANCIAL SERVICES- NBFC 1.84%
INFRA- POWER 1.75%
IT 1.70%
FMCG- BREVERAGES 1.68%
MEDIA 1.65%
TRANSPORTATION LOGISTICS 1.33%
ENERGY-OIL & GAS 1.29%
JEWELLERY 1.26%
DEFENCE 1.09%
FMCG- PACKAGING 1.07%
INFRA- MACHINERY EQUIPMENT 1.00%
INFRA- TELECOM 0.96%
FMCG 0.74%
BANKS-PRIVATE 0.17%
AUTO- TYRES AND TUBES 0.03%
FOOTWEAR -0.20%
BANKS-PSU -0.46%

Stocks near Support

Support Shares
These stocks were near support on 23rd November
Script LTP Support Level Script LTP Support Level
Large Cap Stocks Small & Mid Cap Stocks
CONCOR 1127 1133.1 Month 1 Low BHAGERIA 301.55 287 Month 1 Low
BHEL 125.1 123.6 Month 1 Low AKZOINDIA 1440 1391 Month 1 Low
ITC 224.7 223.5 Month 1 Low 3MINDIA 11084 11110 Month 1 Low
BATAINDIA 417.2 413.5 Month 1 Low IGPL 201.75 192.15 Month 1 Low
MRF 47514 46200 Month 1 Low AIAENG 1195.5 1193 Month 1 Low
MCLEODRUSS 147 143.8 Month 1 Low JKTYRE 112.8 109.8 Month 1 Low
ASHOKLEY 77.2 73.5 Month 1 Low RDEL 50.45 48.3 Month 1 Low
CASTROLIND 393.3 379 Month 4 Low MBLINFRA 74.45 70.3 Month 1 Low
ACC 1303 1256.6 Month 1 Low RBL 923.45 743.2 Month 1 Low
IDFC 56.65 53.1 Month 3 Low EVEREADY 219 211 Month 1 Low

Result Calendar

SYMBOL Result Date
SUVEN 24-Nov
MANPASAND 24-Nov
JINDALPOLY 24-Nov
ABFRL 24-Nov
UFLEX 25-Nov
BATAINDIA 25-Nov
ICIL 25-Nov
SHILPAMED 25-Nov
NAVKARCORP 25-Nov
BEML 25-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