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
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
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|
|America||S AND P 500 INDEX||US||0.16|
|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|
|Asia||JAKARTA COMPOSITE INDEX||Jakarta||0.432|
|HANG SENG INDEX||China||-0.41|
|PHILIPPINE STOCK INDEX||Philippine||-0.65|
|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|
|MUTHOOTFIN||310||8.58||FINANCIAL SERVICES- NBFC||COSMOFILMS||342.15||-3.52||FMCG- PACKAGING|
|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|
|TIRUMALCHM||757.2||5||CHEMICALS||MINDAIND||302||-1.96||AUTO- AUTOMOBILES AND AUTO PARTS|
|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|
|TATASPONGE||552.45||2.82||METALS AND MINING||RBL||970.2||-1.03||AUTO- AUTOMOBILES AND AUTO PARTS|
|BAJAJELEC||217.4||2.69||REALTY- HOUSEHOLD||VGUARD||170.75||-0.93||REALTY- HOUSEHOLD|
|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|
|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|
|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
|FINANCIAL SERVICES- NBFC||2.25%|
|TEXTILES AND APPAREL||2.12%|
|INFRA- CONSTRUCTION ENGINEERING AND MATERIALS||1.79%|
|AUTO- TYRES AND TUBES||1.44%|
|AUTO-AUTO ANCL AND COMPONENTS||1.11%|
|AUTO- AUTOMOBILES AND AUTO PARTS||0.91%|
|INFRA- MACHINERY EQUIPMENT||0.83%|
|METALS AND MINING||0.66%|
|ENTERTAINMENT-HOTELS AND LEISURE||0.65%|
|ENERGY-OIL & GAS||0.02%|
Stocks near Support
|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|
|SYMBOL||Result Date||SYMBOL||Result Date|
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.