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

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 -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.

Index Country 1D % Change
Developed Markets
America S AND P 500 INDEX US -0.22
DJIA INDEX US 0.11
Europe DAX INDEX Germany -0.14
EURO STOXX 50 INDEX Eurozone 0.1
CAC 40 INDEX Paris 0.33
FTSE 100 INDEX London -0.13
Asia NIKKEI 225 INDEX Japan 0.01
ASX 200 INDEX Australia -0.312
Emerging Markets
America BOVESPA INDEX Brazil 1.51
Asia JAKARTA COMPOSITE INDEX Jakarta 0.238
HANG SENG INDEX China 0.23
SET INDEX Thailand 0.87
KOSPI INDEX Korea 0.53
STRAITS TIMES INDEX Singapore 0.9

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 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 – 30th November 2016

Sector % Change
AUTO- TYRES AND TUBES 3.96%
FERTILISERS 2.77%
PAPER 2.59%
ENERGY-OIL & GAS 2.09%
JEWELLERY 1.95%
TEXTILES AND APPAREL 1.91%
BANKS-PSU 1.87%
TRANSPORTATION LOGISTICS 1.79%
REALTY 1.75%
INFRA- MACHINERY EQUIPMENT 1.70%
AUTO-AUTO ANCL AND COMPONENTS 1.57%
MEDIA- ENTERTAINMENT 1.53%
BANKS-PRIVATE 1.51%
AUTO- AUTOMOBILES AND AUTO PARTS 1.45%
CHEMICALS 1.45%
REALTY- HOUSEHOLD 1.44%
CEMENT 1.43%
FINANCIAL SERVICES- NBFC 1.39%
DIVERSIFIED 1.35%
MEDIA 1.21%
IT 1.21%
METALS AND MINING 1.21%
INFRA- CONSTRUCTION ENGINEERING AND MATERIALS 1.14%
FINANCIAL SERVICES 1.14%
INFRA- POWER 1.04%
PHARMA 0.97%
FMCG- BREVERAGES 0.86%
INFRA- TELECOM 0.78%
FMCG- PACKAGING 0.73%
FMCG- FOOD 0.67%
FMCG 0.63%
FOOTWEAR 0.43%
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
Script LTP Support Level Script LTP Support Level
Large Cap Stocks Small & Mid Cap Stocks
MCLEODRUSS 149.95 143.8 Month 1 Low INOXLEISUR 221.05 215.55 Month 1 Low
CONCOR 1170 1120.4 Month 1 Low EVEREADY 217 211 Month 1 Low
KTKBANK 108.45 98.6 Month 7 Low BLUEDART 4756.4 4500 Month 1 Low
INDUSINDBK 1086.65 1025.3 Month 6 Low HTMEDIA 71.45 69.65 Month 3 Low
EXIDEIND 181.15 168.45 Month 1 Low COX&KINGS 164.65 157.6 Month 1 Low
BHEL 130.15 122.5 Month 1 Low ROLTA 52.7 50 Month 5 Low
FEDERALBNK 70.8 65.6 Month 1 Low 3MINDIA 11305 10974 Month 1 Low
ALBK 69.45 63.2 Month 1 Low RATNAMANI 570.25 536.05 Month 2 Low
DLF 115 104.15 Month 1 Low RADICO 119.45 110.35 Month 1 Low
IDFC 57.4 53.1 Month 3 Low MONSANTO 2270.5 2190.8 Month 5 Low

Result Calendar

SYMBOL Result Date SYMBOL Result Date
GILLETTE 1-Dec INDIAGLYCO 2-Dec
SRIPIPES 1-Dec ASHOKA 2-Dec
GSPL 1-Dec IL&FSTRANS 2-Dec
DBL 1-Dec TVTODAY 2-Dec
A2ZINFRA 1-Dec BGRENERGY 2-Dec
DREDGECORP 2-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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