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

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-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.

IndexCountry1D % Change
Developed Markets
AmericaS AND P 500 INDEXUS0.16
DJIA INDEXUS0.17
EuropeDAX INDEXGermany0.7
EURO STOXX 50 INDEXEurozone0.93
CAC 40 INDEXParis1.19
FTSE 100 INDEXLondon-0.17
AsiaNIKKEI 225 INDEXJapan-0.27
ASX 200 INDEXAustralia-0.126
Emerging Markets
AmericaBOVESPA INDEXBrazil-2.97
AsiaJAKARTA COMPOSITE INDEXJakarta0.432
HANG SENG INDEXChina-0.41
SET INDEXThailand-0.24
PHILIPPINE STOCK INDEXPhilippine-0.65
KOSPI INDEXKorea-0.02
STRAITS TIMES INDEXSingapore0.16

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 GAINERTOP LOSER
SYMBOLLTP%CHANGESECTOR SYMBOLLTP%CHANGESECTOR
RAMCOIND211.1510.06REALTY- HOUSEHOLDSUDARSCHEM324.45-4.49CHEMICALS
MUTHOOTFIN3108.58FINANCIAL SERVICES- NBFCCOSMOFILMS342.15-3.52FMCG- PACKAGING
HIKAL228.57.88PHARMAOBEROIRLTY276.5-3.22REALTY
CANFINHOME16487.87FINANCIAL SERVICES- NBFCRAYMOND498.6-2.95TEXTILES AND APPAREL
SATIN439.47.54FINANCIAL SERVICESADFFOODS149.3-2.89FMCG- FOOD
MANAPPURAM76.65.95FINANCIAL SERVICES- NBFCTUBEINVEST570.85-2.43AUTO-AUTO ANCL AND COMPONENTS
BANCOINDIA192.555.83AUTO-AUTO ANCL AND COMPONENTSSARDAEN230.85-2.33METALS AND MINING
DEEPAKFERT194.455.14FERTILISERSDALMIASUG121.25-2.14FMCG- SUGAR
TIRUMALCHM757.25CHEMICALSMINDAIND302-1.96AUTO- AUTOMOBILES AND AUTO PARTS
IGPL245.14.99CHEMICALSUFLEX280.3-1.87FMCG- PACKAGING
BHAGERIA365.954.92CHEMICALSJAMNAAUTO177.45-1.69AUTO- AUTOMOBILES AND AUTO PARTS
SONASTEER60.154.88AUTO-AUTO ANCL AND COMPONENTSNILKAMAL1381.5-1.64REALTY- HOUSEHOLD
INDIANHUME823.154.22INFRA- CONSTRUCTION ENGINEERING AND MATERIALSOUDHSUG108.05-1.59FMCG- SUGAR
JKCEMENT737.43.93CEMENTCHENNPETRO268-1.47ENERGY-OIL & GAS
VINATIORGA580.13.54CHEMICALSADANITRANS61.15-1.45INFRA- POWER
VLSFINANCE51.43.1FINANCIAL SERVICESSTCINDIA115.15-1.33DIVERSIFIED
TATASPONGE552.452.82METALS AND MININGRBL970.2-1.03AUTO- AUTOMOBILES AND AUTO PARTS
RAIN512.72CEMENTKIRIINDUS292.65-0.93CHEMICALS
BAJAJELEC217.42.69REALTY- HOUSEHOLDVGUARD170.75-0.93REALTY- HOUSEHOLD
BLUESTARCO475.32.56REALTY- HOUSEHOLDTNPL364.7-0.79PAPER
SYNGENE572.352.51PHARMAFIEMIND1140.05-0.78AUTO-AUTO ANCL AND COMPONENTS
SHRIRAMCIT1916.752.42FINANCIAL SERVICES- NBFCKSL296.15-0.77METALS AND MINING
PRAKASH49.92.36METALS AND MININGCENTURYPLY183.7-0.76REALTY- HOUSEHOLD
ATUL2194.652.29CHEMICALSGHCL244.5-0.75CHEMICALS
SSWL540.352.26AUTO-AUTO ANCL AND COMPONENTSSIMPLEXINF309-0.68INFRA- CONSTRUCTION ENGINEERING AND MATERIALS
EDELWEISS1022.26FINANCIAL SERVICESIGARASHI718-0.62AUTO-AUTO ANCL AND COMPONENTS
KAJARIACER531.052.25REALTY- HOUSEHOLDPHILIPCARB226-0.61CHEMICALS
CHOLAFIN9812.1FINANCIAL SERVICES- NBFCCENTENKA283.5-0.51TEXTILES AND APPAREL
SUNDRMFAST299.352.08AUTO-AUTO ANCL AND COMPONENTSJKTYRE117.15-0.5AUTO- TYRES AND TUBES

Dynamic Sector Performance – 29th November 2016

Sector% Change
FMCG- PACKAGING3.44%
FINANCIAL SERVICES- NBFC2.25%
TEXTILES AND APPAREL2.12%
REALTY1.96%
FERTILISERS1.93%
INFRA- CONSTRUCTION ENGINEERING AND MATERIALS1.79%
CEMENT1.50%
FMCG1.48%
AUTO- TYRES AND TUBES1.44%
INFRA- TELECOM1.44%
JEWELLERY1.43%
PAPER1.37%
IT1.18%
FINANCIAL SERVICES1.13%
AUTO-AUTO ANCL AND COMPONENTS1.11%
CHEMICALS1.06%
REALTY- HOUSEHOLD1.03%
DIVERSIFIED0.93%
AUTO- AUTOMOBILES AND AUTO PARTS0.91%
MEDIA- ENTERTAINMENT0.89%
INFRA- POWER0.83%
INFRA- MACHINERY EQUIPMENT0.83%
TRANSPORTATION LOGISTICS0.76%
METALS AND MINING0.66%
ENTERTAINMENT-HOTELS AND LEISURE0.65%
FMCG- SUGAR0.60%
PHARMA0.45%
FMCG- FOOD0.41%
FOOTWEAR0.39%
MEDIA0.33%
BANKS-PRIVATE0.27%
DEFENCE0.15%
ENERGY-OIL & GAS0.02%
BANKS-PSU-0.01%
FMCG- BREVERAGES-0.29%
AIRLINES-0.83%

Stocks near Support

Support Shares
These stocks were near support on 29th November
ScriptLTPSupport LevelScriptLTPSupport Level
Large Cap StocksSmall & Mid Cap Stocks
MCLEODRUSS148.8143.8Month 1 LowBLUEDART4530.74500Month 1 Low
INDUSINDBK1059.951025.3Month 6 LowCOX&KINGS163157.6Month 1 Low
MRF4935046200Month 1 LowEVEREADY214.6211Month 1 Low
EXIDEIND178.2168.45Month 1 LowINOXLEISUR220.15215.55Month 1 Low
KTKBANK103.8598.6Month 7 LowHTMEDIA71.669.65Month 3 Low
CASTROLIND401.85379Month 4 Low3MINDIA1130010974Month 1 Low
CONCOR1167.551120.4Month 1 LowRADICO116.85110.35Month 1 Low
BHEL129.2122.5Month 1 LowLAOPALA523.55500.1Month 1 Low
MARUTI5088.154765.3Month 1 LowJKTYRE117.2109.8Month 1 Low
JUBLFOOD925.2827.25Month 1 LowMONSANTO2270.82190.8Month 5 Low

Result Calendar

SYMBOLResult DateSYMBOLResult Date
MANINFRA30-NovA2ZINFRA1-Dec
PUNJLLOYD30-NovINDIAGLYCO2-Dec
RATNAMANI30-NovASHOKA2-Dec
BALKRISIND30-NovIL&FSTRANS2-Dec
GILLETTE1-DecTVTODAY2-Dec
SRIPIPES1-DecBGRENERGY2-Dec
GSPL1-DecDREDGECORP2-Dec
DBL1-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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