Nifty Holds Strong Amidst All Odds

Indian Market Outlook:

Indian benchmark Index Nifty saw a sharp upside rally of 90 points from a low of 8078 to make a high of 8148 and finally closed at 8143. The market fears of demonetization and its negative effects on economy seem to have subsided as the broader Indices like Small Cap and Bank Nifty continue outperforming Nifty. After RBI’s latest move to curb excess liquidity with the banks, it was expected to put some pressure on the markets especially the banking shares, which may get the worst hit. Irrespective of all the odds, Indian Indices maintained their strength throughout the trading yesterday.

Nifty Futures, if trades convincingly above 8138, its previous week high, the next target as per Dynamic Levels is 8287. 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 risen up by 300 points from low of 5408. However, FII have ended the month of November with a net selling in the cash market worth Rs. 17023 Cr, the highest single month sell figures for the year 2016.

Nifty Dec Futures is expected to open at 8154 as per SGX Nifty at 8:30 am IST, which is 11 points above its previous close of 8143.

FII Activity for the year 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-18831

The figures here clearly show that FII have been selling heavily to the tune of Rs. 18831 Cr in the month of November, the largest 1 month selling for the year 2016.

However, markets are ripe enough to rise as FII has almost reached their higher selling range historically.

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.1436.40 Cr and DII bought shares worth Rs. 1234 Cr. A combined sell of Rs. 202.61 Cr. For this expiry, FII and DII together are buyers worth Rs. 422.35 Cr.

In Index Options, last trading day, FII have sold 2300 contracts, below its 1 year average of 18280 contracts. Pro have sold 2563 contracts, below its 1 year average of 27670 contracts. Combined there has been a net sell of 4863 contracts, below its 1 year average of 39000 contracts. For the current expiry, FII and Pro combined are net buyers of 34458 contracts.

In Index Futures, last trading day, FII have sold 185 contracts, below its 1 year average of 9706 contracts. Pro have sold 4125 contracts, below its 1 year average of 4903 contracts. Combined there has been a net sell of 4310 contracts below its 1 year average of 9401 contracts. For the current expiry, FII and Pro combined are net sellers of 10696 contracts.

International Market Morning Update:

International markets remain in the uptrend since last few weeks. S&P Futures is trading above 2200 and made a recent high of 2211. German Dax, however, has slipped below its range low of 10570 to close at 10551 yesterday.

In today’s trading Japan’s Nikkei is trading Flat. Other Asian peers like Thailand, Malaysia and Indonesia are trading positive today morning.

IndexCountry1D % Change
Developed Markets
AmericaS AND P 500 INDEXUS-0.52
DJIA INDEXUS-0.32
EuropeDAX INDEXGermany-1.36
EURO STOXX 50 INDEXEurozone-1.44
CAC 40 INDEXParis-1.28
FTSE 100 INDEXLondon-0.77
AsiaNIKKEI 225 INDEXJapan-0.13
ASX 200 INDEXAustralia-0.788
Emerging Markets
AmericaBOVESPA INDEXBrazil2.11
AsiaJAKARTA COMPOSITE INDEXJakarta-0.147
HANG SENG INDEXChina0.47
SET INDEXThailand0.03
PHILIPPINE STOCK INDEXPhilippine-0.93
KOSPI INDEXKorea0.28
STRAITS TIMES INDEXSingapore0.54

Data as on 28th November 2016. The % change is taken from previous day’s close.

List of Top Gainers and Losers on 28th November 2016

TOP GAINER TOP LOSER
SYMBOLLTP%CHANGESECTOR SYMBOLLTP%CHANGESECTOR
RPGLIFE49410.18PHARMASATIN410.1-8.14FINANCIAL SERVICES
JMFINANCIL66.359.94FINANCIAL SERVICESVLSFINANCE50-7.58FINANCIAL SERVICES
SIMPLEXINF314.28.44INFRA- CONSTRUCTION ENGINEERING AND MATERIALSSUDARSCHEM338.95-7.15CHEMICALS
UFLEX284.858.41FMCG- PACKAGINGADANITRANS62.05-4.17INFRA- POWER
SHARDACROP422.96.3CHEMICALSBINANIIND73.4-3.8CEMENT
TNPL366.56.22PAPERCHOLAFIN966.1-2.92FINANCIAL SERVICES- NBFC
CHENNPETRO273.45.74ENERGY-OIL & GASHONDAPOWER1495.05-2.46INFRA- MACHINERY EQUIPMENT
SUPPETRO205.65.41CHEMICALSDALMIASUG124-2.44FMCG- SUGAR
SONASTEER56.85.38AUTO-AUTO ANCL AND COMPONENTSCARBORUNIV258.4-2.29AUTO- AUTOMOBILES AND AUTO PARTS
MOIL3645.26METALS AND MININGJUBILANT655.2-2.07PHARMA
BHAGERIA348.85CHEMICALSMANAPPURAM72.3-1.97FINANCIAL SERVICES- NBFC
TIRUMALCHM721.154.99CHEMICALSNEULANDLAB983.5-1.93PHARMA
IGPL233.454.99CHEMICALSCUB134.95-1.82BANKS-PRIVATE
EDELWEISS99.44.96FINANCIAL SERVICESIIFL260.15-1.59FINANCIAL SERVICES
COSMOFILMS3564.91FMCG- PACKAGINGSTRTECH94.5-1.56INFRA- TELECOM
HINDOILEXP58.94.9ENERGY-OIL & GASRBL980.5-1.49AUTO- AUTOMOBILES AND AUTO PARTS
ATUL21454.9CHEMICALSBAJAJELEC212.5-1.46REALTY- HOUSEHOLD
KAJARIACER520.54.63REALTY- HOUSEHOLDPRICOL84.7-1.45AUTO-AUTO ANCL AND COMPONENTS
ALPHAGEO9284.27ENERGY-OIL & GASDEEPAKNTR91.8-1.44CHEMICALS
MEGH424.22CHEMICALSGMDCLTD103.3-1.34METALS AND MINING
NILKAMAL14104.22REALTY- HOUSEHOLDBAJAJFINSV2931.25-1.3FINANCIAL SERVICES- NBFC
JKCEMENT710.554.08CEMENTPRAKASH48.6-1.22METALS AND MINING
AIAENG13214.06INFRA- MACHINERY EQUIPMENTNAVINFLUOR2318.05-1.15CHEMICALS
SYNGENE5583.9PHARMAHIKAL212.85-1.07PHARMA
FIEMIND11543.88AUTO-AUTO ANCL AND COMPONENTSGICHSGFIN280-1.06FINANCIAL SERVICES- NBFC
OBEROIRLTY285.13.82REALTYJBMA230.95-0.94AUTO-AUTO ANCL AND COMPONENTS
ORIENTPPR71.93.45REALTY- HOUSEHOLDLAKSHVILAS147-0.88BANKS-PRIVATE
ESCORTS318.83.09AUTO- AUTOMOBILES AND AUTO PARTSNATIONALUM56.5-0.87METALS AND MINING
SUNDRMFAST292.753.06AUTO-AUTO ANCL AND COMPONENTSHEIDELBERG113.9-0.78CEMENT

Dynamic Sector Performance – 28th November 2016

Sector% Change
AIRLINES3.75%
FMCG- BREVERAGES3.66%
DEFENCE3.28%
DIVERSIFIED3.27%
FMCG- PACKAGING2.82%
PAPER2.43%
REALTY2.33%
INFRA- TELECOM2.05%
INFRA- CONSTRUCTION ENGINEERING AND MATERIALS1.95%
AUTO-AUTO ANCL AND COMPONENTS1.95%
TEXTILES AND APPAREL1.87%
PHARMA1.86%
METALS AND MINING1.75%
ENERGY-OIL & GAS1.56%
INFRA- POWER1.48%
CHEMICALS1.37%
INFRA- MACHINERY EQUIPMENT1.24%
TRANSPORTATION LOGISTICS1.21%
FMCG- FOOD1.19%
JEWELLERY0.85%
ENTERTAINMENT-HOTELS AND LEISURE0.67%
REALTY- HOUSEHOLD0.64%
IT0.62%
AUTO- TYRES AND TUBES0.61%
FOOTWEAR0.57%
MEDIA0.56%
CEMENT0.55%
AUTO- AUTOMOBILES AND AUTO PARTS0.54%
FINANCIAL SERVICES0.53%
MEDIA- ENTERTAINMENT0.53%
FMCG- SUGAR0.41%
FINANCIAL SERVICES- NBFC0.14%
FMCG0.11%
BANKS-PRIVATE-0.39%
FERTILISERS-0.48%
BANKS-PSU-1.14%

Stocks near Support

Support Shares
These stocks were near support on 28th November
ScriptLTPSupport LevelScriptLTPSupport Level
Large Cap StocksSmall & Mid Cap Stocks
MCLEODRUSS146.9143.8Month 1 LowHTMEDIA71.769.65Month 3 Low
MRF47574.146200Month 1 LowINOXLEISUR221.75215.55Month 1 Low
MARUTI4893.754765.3Month 1 LowEVEREADY216.6211Month 1 Low
INDUSINDBK1050.351025.3Month 6 LowBLUEDART46044500Month 1 Low
BHEL127.6122.5Month 1 Low3MINDIA1128410974Month 1 Low
KTKBANK10398.6Month 7 LowRDEL52.548.3Month 1 Low
EXIDEIND174.4168.45Month 1 LowNDL113.55106.55Month 1 Low
CONCOR1168.851120.4Month 1 LowGMBREW555.65425.2Month 1 Low
ITC233.7222.1Month 1 LowCOX&KINGS167.65157.6Month 1 Low
CASTROLIND395.4379Month 4 LowMONSANTO22702190.8Month 5 Low

Result Calendar

SYMBOLResult DateSYMBOLResult Date
TNPL29-NovDBL1-Dec
TATAPOWER29-NovA2ZINFRA1-Dec
MANINFRA30-NovINDIAGLYCO2-Dec
PUNJLLOYD30-NovASHOKA2-Dec
RATNAMANI30-NovIL&FSTRANS2-Dec
BALKRISIND30-NovTVTODAY2-Dec
GILLETTE1-DecBGRENERGY2-Dec
SRIPIPES1-DecDREDGECORP2-Dec
GSPL1-Dec

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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