Nifty Faces Resistance at 8300, FII Sold Rs. 19981 Cr in Nov

Indian Market Outlook:

Indian benchmark Index Nifty saw an upside rally of 103 points from a low of 8167 to make a high of 8230 yesterday to finally close at 8253. FII have been selling relentlessly in the month of November to the tune of 19981 Cr in cash market. This is the biggest single month selling for the year 2016. Inspite of such heavy selling, Nifty has managed to rise 350 points from its November’s low of 7921 to 8270. However, Nifty has a major resistance at 8287 which is its 2 week high. If 8287 is breached, the next target on the upside would be 8614.

The OPEC meeting in Vienna yesterday resulted in some relief to the OIL prices as OPEC members signaled an output cut of 1.2 million barrels a day. The crude prices have surged 8.29% in a single day yesterday.

Nifty Dec Futures is expected to open at 8263 as per SGX Nifty at 8:30 am IST, which is 10 points above its previous close of 8253.

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-19981

The figures here clearly show that FII have been selling heavily to the tune of Rs. 19981.5 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.434.42 Cr and DII bought shares worth Rs. 677 Cr. A combined buy of Rs. 242.26 Cr. For this expiry, FII and DII together are buyers worth Rs. 483.51 Cr.

In Index Options, last trading day, FII have bought 8880 contracts, below its 1 year average of 18280 contracts. Pro have bought 52565 contracts, above its 1 year average of 27670 contracts. Combined there has been a net bought of 61445 contracts, above its 1 year average of 39000 contracts. For the current expiry, FII and Pro combined are net buyers of 115872 contracts.

In Index Futures, last trading day, FII have bought 10664 contracts, above its 1 year average of 9706 contracts. Pro have sold 1530 contracts, below its 1 year average of 4903 contracts. Combined there has been a net buy of 9134 contracts below its 1 year average of 9401 contracts. For the current expiry, FII and Pro combined are net sellers of 2663 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 2213.75 yesterday after OPEC came out with the decision of Oil Production Cuts. German Dax continues to trade in a range of 10800 and 10500.

In today’s trading Japan’s Nikkei is trading 2.39% above its previous close. Other Asian peers like Thailand, Malaysia and Indonesia are trading positive today morning.

IndexCountry1D % Change
Developed Markets
AmericaS AND P 500 INDEXUS-0.22
DJIA INDEXUS0.11
EuropeDAX INDEXGermany-0.14
EURO STOXX 50 INDEXEurozone0.1
CAC 40 INDEXParis0.33
FTSE 100 INDEXLondon-0.13
AsiaNIKKEI 225 INDEXJapan0.01
ASX 200 INDEXAustralia-0.312
Emerging Markets
AmericaBOVESPA INDEXBrazil1.51
AsiaJAKARTA COMPOSITE INDEXJakarta0.238
HANG SENG INDEXChina0.23
SET INDEXThailand0.87
KOSPI INDEXKorea0.53
STRAITS TIMES INDEXSingapore0.9

Data as on 30th November 2016. The % change is taken from previous day’s close.

List of Top Gainers and Losers on 30th 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 – 30th November 2016

Sector% Change
AUTO- TYRES AND TUBES3.96%
FERTILISERS2.77%
PAPER2.59%
ENERGY-OIL & GAS2.09%
JEWELLERY1.95%
TEXTILES AND APPAREL1.91%
BANKS-PSU1.87%
TRANSPORTATION LOGISTICS1.79%
REALTY1.75%
INFRA- MACHINERY EQUIPMENT1.70%
AUTO-AUTO ANCL AND COMPONENTS1.57%
MEDIA- ENTERTAINMENT1.53%
BANKS-PRIVATE1.51%
AUTO- AUTOMOBILES AND AUTO PARTS1.45%
CHEMICALS1.45%
REALTY- HOUSEHOLD1.44%
CEMENT1.43%
FINANCIAL SERVICES- NBFC1.39%
DIVERSIFIED1.35%
MEDIA1.21%
IT1.21%
METALS AND MINING1.21%
INFRA- CONSTRUCTION ENGINEERING AND MATERIALS1.14%
FINANCIAL SERVICES1.14%
INFRA- POWER1.04%
PHARMA0.97%
FMCG- BREVERAGES0.86%
INFRA- TELECOM0.78%
FMCG- PACKAGING0.73%
FMCG- FOOD0.67%
FMCG0.63%
FOOTWEAR0.43%
ENTERTAINMENT-HOTELS AND LEISURE-0.08%
FMCG- SUGAR-0.11%
DEFENCE-0.24%
AIRLINES-0.69%

Stocks near Support

Support Shares
These stocks were near support on 30th November
ScriptLTPSupport LevelScriptLTPSupport Level
Large Cap StocksSmall & Mid Cap Stocks
MCLEODRUSS149.95143.8Month 1 LowINOXLEISUR221.05215.55Month 1 Low
CONCOR11701120.4Month 1 LowEVEREADY217211Month 1 Low
KTKBANK108.4598.6Month 7 LowBLUEDART4756.44500Month 1 Low
INDUSINDBK1086.651025.3Month 6 LowHTMEDIA71.4569.65Month 3 Low
EXIDEIND181.15168.45Month 1 LowCOX&KINGS164.65157.6Month 1 Low
BHEL130.15122.5Month 1 LowROLTA52.750Month 5 Low
FEDERALBNK70.865.6Month 1 Low3MINDIA1130510974Month 1 Low
ALBK69.4563.2Month 1 LowRATNAMANI570.25536.05Month 2 Low
DLF115104.15Month 1 LowRADICO119.45110.35Month 1 Low
IDFC57.453.1Month 3 LowMONSANTO2270.52190.8Month 5 Low

Result Calendar

SYMBOLResult DateSYMBOLResult Date
GILLETTE1-DecINDIAGLYCO2-Dec
SRIPIPES1-DecASHOKA2-Dec
GSPL1-DecIL&FSTRANS2-Dec
DBL1-DecTVTODAY2-Dec
A2ZINFRA1-DecBGRENERGY2-Dec
DREDGECORP2-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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