FII Continue the Selling Spree, Nifty to Remain Under Pressure

Indian Market Outlook:

Indian benchmark Index Nifty saw a sharp upside rally of 74 points from a low of 8147 to make a high of 8219 in the first half of trading yesterday. In the second half, Nifty corrected from its day’s high of 8219 to 8161, a correction of 60 points and finally closed at 8176. This fall was accompanied by sharp rise in the

Indian VIX, the fear indicator of the Indian Indices. Nifty has a major resistance at 8287, which the markets are not very likely to breach now. However, Nifty saw a sharp selling from 8219, just 68 points short of the major resistance. This could put some pressure on the markets.

FII have continued their selling spree in the cash market. The net selling for the month of Nov stands at Rs. 19547 Cr, highest one month selling in the year 2016. The NSE Small Cap Index, a good indicator of the broader market, rose by 410 points, 7.57% in last 6 days. However, it corrected yesterday from a major resistance of 5796 to close at 5762. These are the indicators that markets might witness some pressure.

Today we have the OPEC meeting at Vienna, where oil output production cuts would be the major agenda. However, Iran has refused to lower any production. If the meeting fails to conclude on Oil Production levels, we might see markets under pressure.

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 -19547

The figures here clearly show that FII have been selling heavily to the tune of Rs. 19547 Cr in the month of November, the largest 1 month selling for the year 2016.

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.715.30 Cr and DII bought shares worth Rs. 534 Cr. A combined sell of Rs. 181.10 Cr. For this expiry, FII and DII together are buyers worth Rs. 241.25 Cr.

In Index Options, last trading day, FII have sold 1807 contracts, below its 1 year average of 18280 contracts. Pro have bought 21776 contracts, below its 1 year average of 27670 contracts. Combined there has been a net bought of 19969 contracts, below its 1 year average of 39000 contracts. For the current expiry, FII and Pro combined are net buyers of 54427 contracts.

In Index Futures, last trading day, FII have bought 10146 contracts, above its 1 year average of 9706 contracts. Pro have sold 11247 contracts, above its 1 year average of 4903 contracts. Combined there has been a net sell of 1101 contracts below its 1 year average of 9401 contracts. For the current expiry, FII and Pro combined are net sellers of 11797 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, took support of its range low of 10570 after making a low of 10536 to close at 10625 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 0.16
DJIA INDEX US 0.17
Europe DAX INDEX Germany 0.7
EURO STOXX 50 INDEX Eurozone 0.93
CAC 40 INDEX Paris 1.19
FTSE 100 INDEX London -0.17
Asia NIKKEI 225 INDEX Japan -0.27
ASX 200 INDEX Australia -0.126
Emerging Markets
America BOVESPA INDEX Brazil -2.97
Asia JAKARTA COMPOSITE INDEX Jakarta 0.432
HANG SENG INDEX China -0.41
SET INDEX Thailand -0.24
PHILIPPINE STOCK INDEX Philippine -0.65
KOSPI INDEX Korea -0.02
STRAITS TIMES INDEX Singapore 0.16

Data as on 29th November 2016. The % change is taken from previous day’s close.

List of Top Gainers and Losers on 29th November 2016

TOP GAINER TOP LOSER
SYMBOL LTP %CHANGE SECTOR   SYMBOL LTP %CHANGE SECTOR
RAMCOIND 211.15 10.06 REALTY- HOUSEHOLD SUDARSCHEM 324.45 -4.49 CHEMICALS
MUTHOOTFIN 310 8.58 FINANCIAL SERVICES- NBFC COSMOFILMS 342.15 -3.52 FMCG- PACKAGING
HIKAL 228.5 7.88 PHARMA OBEROIRLTY 276.5 -3.22 REALTY
CANFINHOME 1648 7.87 FINANCIAL SERVICES- NBFC RAYMOND 498.6 -2.95 TEXTILES AND APPAREL
SATIN 439.4 7.54 FINANCIAL SERVICES ADFFOODS 149.3 -2.89 FMCG- FOOD
MANAPPURAM 76.6 5.95 FINANCIAL SERVICES- NBFC TUBEINVEST 570.85 -2.43 AUTO-AUTO ANCL AND COMPONENTS
BANCOINDIA 192.55 5.83 AUTO-AUTO ANCL AND COMPONENTS SARDAEN 230.85 -2.33 METALS AND MINING
DEEPAKFERT 194.45 5.14 FERTILISERS DALMIASUG 121.25 -2.14 FMCG- SUGAR
TIRUMALCHM 757.2 5 CHEMICALS MINDAIND 302 -1.96 AUTO- AUTOMOBILES AND AUTO PARTS
IGPL 245.1 4.99 CHEMICALS UFLEX 280.3 -1.87 FMCG- PACKAGING
BHAGERIA 365.95 4.92 CHEMICALS JAMNAAUTO 177.45 -1.69 AUTO- AUTOMOBILES AND AUTO PARTS
SONASTEER 60.15 4.88 AUTO-AUTO ANCL AND COMPONENTS NILKAMAL 1381.5 -1.64 REALTY- HOUSEHOLD
INDIANHUME 823.15 4.22 INFRA- CONSTRUCTION ENGINEERING AND MATERIALS OUDHSUG 108.05 -1.59 FMCG- SUGAR
JKCEMENT 737.4 3.93 CEMENT CHENNPETRO 268 -1.47 ENERGY-OIL & GAS
VINATIORGA 580.1 3.54 CHEMICALS ADANITRANS 61.15 -1.45 INFRA- POWER
VLSFINANCE 51.4 3.1 FINANCIAL SERVICES STCINDIA 115.15 -1.33 DIVERSIFIED
TATASPONGE 552.45 2.82 METALS AND MINING RBL 970.2 -1.03 AUTO- AUTOMOBILES AND AUTO PARTS
RAIN 51 2.72 CEMENT KIRIINDUS 292.65 -0.93 CHEMICALS
BAJAJELEC 217.4 2.69 REALTY- HOUSEHOLD VGUARD 170.75 -0.93 REALTY- HOUSEHOLD
BLUESTARCO 475.3 2.56 REALTY- HOUSEHOLD TNPL 364.7 -0.79 PAPER
SYNGENE 572.35 2.51 PHARMA FIEMIND 1140.05 -0.78 AUTO-AUTO ANCL AND COMPONENTS
SHRIRAMCIT 1916.75 2.42 FINANCIAL SERVICES- NBFC KSL 296.15 -0.77 METALS AND MINING
PRAKASH 49.9 2.36 METALS AND MINING CENTURYPLY 183.7 -0.76 REALTY- HOUSEHOLD
ATUL 2194.65 2.29 CHEMICALS GHCL 244.5 -0.75 CHEMICALS
SSWL 540.35 2.26 AUTO-AUTO ANCL AND COMPONENTS SIMPLEXINF 309 -0.68 INFRA- CONSTRUCTION ENGINEERING AND MATERIALS
EDELWEISS 102 2.26 FINANCIAL SERVICES IGARASHI 718 -0.62 AUTO-AUTO ANCL AND COMPONENTS
KAJARIACER 531.05 2.25 REALTY- HOUSEHOLD PHILIPCARB 226 -0.61 CHEMICALS
CHOLAFIN 981 2.1 FINANCIAL SERVICES- NBFC CENTENKA 283.5 -0.51 TEXTILES AND APPAREL
SUNDRMFAST 299.35 2.08 AUTO-AUTO ANCL AND COMPONENTS JKTYRE 117.15 -0.5 AUTO- TYRES AND TUBES

Dynamic Sector Performance – 29th November 2016

Sector % Change
FMCG- PACKAGING 3.44%
FINANCIAL SERVICES- NBFC 2.25%
TEXTILES AND APPAREL 2.12%
REALTY 1.96%
FERTILISERS 1.93%
INFRA- CONSTRUCTION ENGINEERING AND MATERIALS 1.79%
CEMENT 1.50%
FMCG 1.48%
AUTO- TYRES AND TUBES 1.44%
INFRA- TELECOM 1.44%
JEWELLERY 1.43%
PAPER 1.37%
IT 1.18%
FINANCIAL SERVICES 1.13%
AUTO-AUTO ANCL AND COMPONENTS 1.11%
CHEMICALS 1.06%
REALTY- HOUSEHOLD 1.03%
DIVERSIFIED 0.93%
AUTO- AUTOMOBILES AND AUTO PARTS 0.91%
MEDIA- ENTERTAINMENT 0.89%
INFRA- POWER 0.83%
INFRA- MACHINERY EQUIPMENT 0.83%
TRANSPORTATION LOGISTICS 0.76%
METALS AND MINING 0.66%
ENTERTAINMENT-HOTELS AND LEISURE 0.65%
FMCG- SUGAR 0.60%
PHARMA 0.45%
FMCG- FOOD 0.41%
FOOTWEAR 0.39%
MEDIA 0.33%
BANKS-PRIVATE 0.27%
DEFENCE 0.15%
ENERGY-OIL & GAS 0.02%
BANKS-PSU -0.01%
FMCG- BREVERAGES -0.29%
AIRLINES -0.83%

Stocks near Support

Support Shares
These stocks were near support on 29th November
Script LTP Support Level Script LTP Support Level
Large Cap Stocks Small & Mid Cap Stocks
MCLEODRUSS 148.8 143.8 Month 1 Low BLUEDART 4530.7 4500 Month 1 Low
INDUSINDBK 1059.95 1025.3 Month 6 Low COX&KINGS 163 157.6 Month 1 Low
MRF 49350 46200 Month 1 Low EVEREADY 214.6 211 Month 1 Low
EXIDEIND 178.2 168.45 Month 1 Low INOXLEISUR 220.15 215.55 Month 1 Low
KTKBANK 103.85 98.6 Month 7 Low HTMEDIA 71.6 69.65 Month 3 Low
CASTROLIND 401.85 379 Month 4 Low 3MINDIA 11300 10974 Month 1 Low
CONCOR 1167.55 1120.4 Month 1 Low RADICO 116.85 110.35 Month 1 Low
BHEL 129.2 122.5 Month 1 Low LAOPALA 523.55 500.1 Month 1 Low
MARUTI 5088.15 4765.3 Month 1 Low JKTYRE 117.2 109.8 Month 1 Low
JUBLFOOD 925.2 827.25 Month 1 Low MONSANTO 2270.8 2190.8 Month 5 Low

Result Calendar

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

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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