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

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 -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.

Index Country 1D % Change
Developed Markets
America S AND P 500 INDEX US -0.52
DJIA INDEX US -0.32
Europe DAX INDEX Germany -1.36
EURO STOXX 50 INDEX Eurozone -1.44
CAC 40 INDEX Paris -1.28
FTSE 100 INDEX London -0.77
Asia NIKKEI 225 INDEX Japan -0.13
ASX 200 INDEX Australia -0.788
Emerging Markets
America BOVESPA INDEX Brazil 2.11
Asia JAKARTA COMPOSITE INDEX Jakarta -0.147
HANG SENG INDEX China 0.47
SET INDEX Thailand 0.03
PHILIPPINE STOCK INDEX Philippine -0.93
KOSPI INDEX Korea 0.28
STRAITS TIMES INDEX Singapore 0.54

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
SYMBOL LTP %CHANGE SECTOR   SYMBOL LTP %CHANGE SECTOR
RPGLIFE 494 10.18 PHARMA SATIN 410.1 -8.14 FINANCIAL SERVICES
JMFINANCIL 66.35 9.94 FINANCIAL SERVICES VLSFINANCE 50 -7.58 FINANCIAL SERVICES
SIMPLEXINF 314.2 8.44 INFRA- CONSTRUCTION ENGINEERING AND MATERIALS SUDARSCHEM 338.95 -7.15 CHEMICALS
UFLEX 284.85 8.41 FMCG- PACKAGING ADANITRANS 62.05 -4.17 INFRA- POWER
SHARDACROP 422.9 6.3 CHEMICALS BINANIIND 73.4 -3.8 CEMENT
TNPL 366.5 6.22 PAPER CHOLAFIN 966.1 -2.92 FINANCIAL SERVICES- NBFC
CHENNPETRO 273.4 5.74 ENERGY-OIL & GAS HONDAPOWER 1495.05 -2.46 INFRA- MACHINERY EQUIPMENT
SUPPETRO 205.6 5.41 CHEMICALS DALMIASUG 124 -2.44 FMCG- SUGAR
SONASTEER 56.8 5.38 AUTO-AUTO ANCL AND COMPONENTS CARBORUNIV 258.4 -2.29 AUTO- AUTOMOBILES AND AUTO PARTS
MOIL 364 5.26 METALS AND MINING JUBILANT 655.2 -2.07 PHARMA
BHAGERIA 348.8 5 CHEMICALS MANAPPURAM 72.3 -1.97 FINANCIAL SERVICES- NBFC
TIRUMALCHM 721.15 4.99 CHEMICALS NEULANDLAB 983.5 -1.93 PHARMA
IGPL 233.45 4.99 CHEMICALS CUB 134.95 -1.82 BANKS-PRIVATE
EDELWEISS 99.4 4.96 FINANCIAL SERVICES IIFL 260.15 -1.59 FINANCIAL SERVICES
COSMOFILMS 356 4.91 FMCG- PACKAGING STRTECH 94.5 -1.56 INFRA- TELECOM
HINDOILEXP 58.9 4.9 ENERGY-OIL & GAS RBL 980.5 -1.49 AUTO- AUTOMOBILES AND AUTO PARTS
ATUL 2145 4.9 CHEMICALS BAJAJELEC 212.5 -1.46 REALTY- HOUSEHOLD
KAJARIACER 520.5 4.63 REALTY- HOUSEHOLD PRICOL 84.7 -1.45 AUTO-AUTO ANCL AND COMPONENTS
ALPHAGEO 928 4.27 ENERGY-OIL & GAS DEEPAKNTR 91.8 -1.44 CHEMICALS
MEGH 42 4.22 CHEMICALS GMDCLTD 103.3 -1.34 METALS AND MINING
NILKAMAL 1410 4.22 REALTY- HOUSEHOLD BAJAJFINSV 2931.25 -1.3 FINANCIAL SERVICES- NBFC
JKCEMENT 710.55 4.08 CEMENT PRAKASH 48.6 -1.22 METALS AND MINING
AIAENG 1321 4.06 INFRA- MACHINERY EQUIPMENT NAVINFLUOR 2318.05 -1.15 CHEMICALS
SYNGENE 558 3.9 PHARMA HIKAL 212.85 -1.07 PHARMA
FIEMIND 1154 3.88 AUTO-AUTO ANCL AND COMPONENTS GICHSGFIN 280 -1.06 FINANCIAL SERVICES- NBFC
OBEROIRLTY 285.1 3.82 REALTY JBMA 230.95 -0.94 AUTO-AUTO ANCL AND COMPONENTS
ORIENTPPR 71.9 3.45 REALTY- HOUSEHOLD LAKSHVILAS 147 -0.88 BANKS-PRIVATE
ESCORTS 318.8 3.09 AUTO- AUTOMOBILES AND AUTO PARTS NATIONALUM 56.5 -0.87 METALS AND MINING
SUNDRMFAST 292.75 3.06 AUTO-AUTO ANCL AND COMPONENTS HEIDELBERG 113.9 -0.78 CEMENT

Dynamic Sector Performance – 28th November 2016

Sector % Change
AIRLINES 3.75%
FMCG- BREVERAGES 3.66%
DEFENCE 3.28%
DIVERSIFIED 3.27%
FMCG- PACKAGING 2.82%
PAPER 2.43%
REALTY 2.33%
INFRA- TELECOM 2.05%
INFRA- CONSTRUCTION ENGINEERING AND MATERIALS 1.95%
AUTO-AUTO ANCL AND COMPONENTS 1.95%
TEXTILES AND APPAREL 1.87%
PHARMA 1.86%
METALS AND MINING 1.75%
ENERGY-OIL & GAS 1.56%
INFRA- POWER 1.48%
CHEMICALS 1.37%
INFRA- MACHINERY EQUIPMENT 1.24%
TRANSPORTATION LOGISTICS 1.21%
FMCG- FOOD 1.19%
JEWELLERY 0.85%
ENTERTAINMENT-HOTELS AND LEISURE 0.67%
REALTY- HOUSEHOLD 0.64%
IT 0.62%
AUTO- TYRES AND TUBES 0.61%
FOOTWEAR 0.57%
MEDIA 0.56%
CEMENT 0.55%
AUTO- AUTOMOBILES AND AUTO PARTS 0.54%
FINANCIAL SERVICES 0.53%
MEDIA- ENTERTAINMENT 0.53%
FMCG- SUGAR 0.41%
FINANCIAL SERVICES- NBFC 0.14%
FMCG 0.11%
BANKS-PRIVATE -0.39%
FERTILISERS -0.48%
BANKS-PSU -1.14%

Stocks near Support

Support Shares
These stocks were near support on 28th November
Script LTP Support Level Script LTP Support Level
Large Cap Stocks Small & Mid Cap Stocks
MCLEODRUSS 146.9 143.8 Month 1 Low HTMEDIA 71.7 69.65 Month 3 Low
MRF 47574.1 46200 Month 1 Low INOXLEISUR 221.75 215.55 Month 1 Low
MARUTI 4893.75 4765.3 Month 1 Low EVEREADY 216.6 211 Month 1 Low
INDUSINDBK 1050.35 1025.3 Month 6 Low BLUEDART 4604 4500 Month 1 Low
BHEL 127.6 122.5 Month 1 Low 3MINDIA 11284 10974 Month 1 Low
KTKBANK 103 98.6 Month 7 Low RDEL 52.5 48.3 Month 1 Low
EXIDEIND 174.4 168.45 Month 1 Low NDL 113.55 106.55 Month 1 Low
CONCOR 1168.85 1120.4 Month 1 Low GMBREW 555.65 425.2 Month 1 Low
ITC 233.7 222.1 Month 1 Low COX&KINGS 167.65 157.6 Month 1 Low
CASTROLIND 395.4 379 Month 4 Low MONSANTO 2270 2190.8 Month 5 Low

Result Calendar

SYMBOL Result Date SYMBOL Result Date
TNPL 29-Nov DBL 1-Dec
TATAPOWER 29-Nov A2ZINFRA 1-Dec
MANINFRA 30-Nov INDIAGLYCO 2-Dec
PUNJLLOYD 30-Nov ASHOKA 2-Dec
RATNAMANI 30-Nov IL&FSTRANS 2-Dec
BALKRISIND 30-Nov TVTODAY 2-Dec
GILLETTE 1-Dec BGRENERGY 2-Dec
SRIPIPES 1-Dec DREDGECORP 2-Dec
GSPL 1-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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