Nifty to Stay Weak on FII Continued Selling,Weak Global Cues

Indian Market Outlook:

Indian benchmark Index Nifty opened at 8252 yesterday, just below its previous day’s high of 8270. After testing the same level in the first 15 minutes it experienced a selloff of 65 points from a high of 8271 to make a low of 8205. Nifty finally closed at 8209 yesterday. FII have continued their relentless selling even on the first day of December with a selling of Rs. 402 Cr. As stated earlier by Dynamic Levels, Nifty took resistance near its weekly level of 8288 and might continue to witness this pressure. However, next week has a major event lined up, the RBI credit policy on the 7th. This credit policy needs to be monitored even more minutely as Demonetization has already left its unforgettable mark on the face of Indian Economy. Expectations are that of a rate cut which would be cheered by the markets and companies like DHFL, Yes Bank and others in the Banking and Financial Services Sector would be direct beneficiaries. The target on the downside for Nifty is 7921, the low made on 21st Nov.

Nifty Dec Futures is expected to open at 8159 as per SGX Nifty at 8:30 am IST, which is 50 points below its previous close of 8209.

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
Dec-402.62

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.

The month of December too has started on a negative note with FII selling worth 402 Cr yesterday.

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.402.62 Cr and DII bought shares worth Rs. 238 Cr. A combined sell of Rs. 164.81 Cr. For this expiry, FII and DII together are buyers worth Rs. 318.70 Cr.

In Index Options, last trading day, FII have bought 2976 contracts, below its 1 year average of 18280 contracts. Pro have sold 12998 contracts, below its 1 year average of 27670 contracts. Combined there has been a net sold of 10022 contracts, below its 1 year average of 39000 contracts. For the current expiry, FII and Pro combined are net buyers of 105850 contracts.

In Index Futures, last trading day, FII have bought 11099 contracts, above its 1 year average of 9706 contracts. Pro have sold 7346 contracts, above its 1 year average of 4903 contracts. Combined there has been a net buy of 3753 contracts below its 1 year average of 9401 contracts. For the current expiry, FII and Pro combined are net buyers of 1090 contracts.

International Market Morning Update:

IInternational markets too have joined the selling spree along with the Emerging Markets. S&P 500 after making a new high of 2213.75, has started to fall and is trading at 2189 today morning.

IGerman Index Dax too has broken its major support of 10500 convincingly and closed at 10482 yesterday. The next target on the downside for Dax is 10013 as per Dynamic Levels.

In today’s trading the Asian peers too are trading in Red. The weakness pervades the global markets.

IndexCountry1D % Change
Developed Markets
AmericaS AND P 500 INDEXUS-0.34
DJIA INDEXUS0.28
EuropeDAX INDEXGermany-1.21
EURO STOXX 50 INDEXEurozone-0.86
CAC 40 INDEXParis-0.57
FTSE 100 INDEXLondon-0.58
AsiaNIKKEI 225 INDEXJapan1.12
ASX 200 INDEXAustralia1.099
Emerging Markets
AmericaBOVESPA INDEXBrazil-3.88
AsiaJAKARTA COMPOSITE INDEXJakarta0.968
HANG SENG INDEXChina0.39
SET INDEXThailand0.14
PHILIPPINE STOCK INDEXPhilippine1.23
KOSPI INDEXKorea0.09
STRAITS TIMES INDEXSingapore0.81

Data as on 1st December 2016. The % change is taken from previous day’s close.

List of Top Gainers and Losers on 1st December 2016

TOP GAINERTOP LOSER
SYMBOLLTP%CHANGESECTOR SYMBOLLTP%CHANGESECTOR
SSWL637.516.44AUTO-AUTO ANCL AND COMPONENTSSATIN438.4-5FINANCIAL SERVICES
HINDOILEXP66.84.7ENERGY-OIL & GASWHIRLPOOL956-4.97REALTY- HOUSEHOLD
STCINDIA121.44.57DIVERSIFIEDKIRIINDUS278.1-4.78CHEMICALS
PRICOL90.14.04AUTO-AUTO ANCL AND COMPONENTSGMDCLTD101.25-4.75METALS AND MINING
ITDCEM150.13.77INFRA- CONSTRUCTION ENGINEERING AND MATERIALSORIENTPPR70.05-4.56REALTY- HOUSEHOLD
DALMIASUG127.753.65FMCG- SUGARSONASTEER58.75-4.24AUTO-AUTO ANCL AND COMPONENTS
SYNGENE604.953.3PHARMACHEMFALKAL268-4.18CHEMICALS
OUDHSUG110.62.93FMCG- SUGARCOSMOFILMS330.85-4.12FMCG- PACKAGING
DCMSHRIRAM217.152.67DIVERSIFIEDRICOAUTO59.55-3.87AUTO- AUTOMOBILES AND AUTO PARTS
ADFFOODS157.31.94FMCG- FOODMANAPPURAM74.15-3.7FINANCIAL SERVICES- NBFC
GSFC91.31.67FERTILISERSJMFINANCIL67.45-3.64FINANCIAL SERVICES
NOCIL70.651.58CHEMICALSFIEMIND1133.65-3.63AUTO-AUTO ANCL AND COMPONENTS
HERITGFOOD885.81.4FMCG- FOODPEL1631.9-3.62PHARMA
CUB136.451.3BANKS-PRIVATERBL940-3.53AUTO- AUTOMOBILES AND AUTO PARTS
NEULANDLAB10291.15PHARMAADANITRANS56.25-3.43INFRA- POWER
MARKSANS44.851.13PHARMAUFLEX269.1-3.41FMCG- PACKAGING
EXCELCROP18660.98CHEMICALSDEEPAKFERT189.5-3.24FERTILISERS
KNRCON7520.97INFRA- CONSTRUCTION ENGINEERING AND MATERIALSIGPL246-3.21CHEMICALS
CARERATING1394.20.93FINANCIAL SERVICESJKPAPER87.85-3.2PAPER
BHAGERIA384.80.86CHEMICALSJBMA229.35-2.98AUTO-AUTO ANCL AND COMPONENTS
DEEPIND254.150.85ENERGY-OIL & GASCHENNPETRO270.6-2.96ENERGY-OIL & GAS
MOIL379.30.85METALS AND MININGJKTYRE118.4-2.87AUTO- TYRES AND TUBES
LINCOLN195.40.8PHARMAGICHSGFIN279.35-2.87FINANCIAL SERVICES- NBFC
BINANIIND76.20.79CEMENTATUL2170.9-2.86CHEMICALS
SIMPLEXINF3060.65INFRA- CONSTRUCTION ENGINEERING AND MATERIALSSUDARSCHEM314.55-2.84CHEMICALS
KALPATPOWR244.50.64INFRA- POWERVLSFINANCE51.5-2.74FINANCIAL SERVICES
VINATIORGA598.750.59CHEMICALSNATIONALUM55.55-2.71METALS AND MINING
JUBILANT708.550.55PHARMAINDIANB247-2.66BANKS-PSU
TUBEINVEST5830.5AUTO-AUTO ANCL AND COMPONENTSDCBBANK108.9-2.55BANKS-PRIVATE

Dynamic Sector Performance – 1st December 2016

Sector% Change
DEFENCE2.13%
AUTO- TYRES AND TUBES1.66%
DIVERSIFIED1.11%
INFRA- CONSTRUCTION ENGINEERING AND MATERIALS0.93%
FMCG- SUGAR0.78%
FERTILISERS0.68%
FMCG0.39%
JEWELLERY0.18%
FMCG- FOOD-0.01%
PHARMA-0.23%
INFRA- TELECOM-0.35%
FMCG- BREVERAGES-0.39%
METALS AND MINING-0.48%
MEDIA- ENTERTAINMENT-0.49%
TEXTILES AND APPAREL-0.50%
MEDIA-0.65%
ENERGY-OIL & GAS-0.66%
TRANSPORTATION LOGISTICS-0.81%
IT-0.82%
FINANCIAL SERVICES-0.87%
INFRA- POWER-0.88%
AUTO-AUTO ANCL AND COMPONENTS-0.92%
REALTY-1.06%
AUTO- AUTOMOBILES AND AUTO PARTS-1.11%
BANKS-PSU-1.13%
BANKS-PRIVATE-1.17%
FOOTWEAR-1.20%
CHEMICALS-1.20%
ENTERTAINMENT-HOTELS AND LEISURE-1.30%
REALTY- HOUSEHOLD-1.46%
FINANCIAL SERVICES- NBFC-1.50%
FMCG- PACKAGING-1.76%
CEMENT-1.77%
AIRLINES-2.81%
PAPER-2.83%
INFRA- MACHINERY EQUIPMENT-4.42%

Result Calendar

SYMBOLResult Date
INDIAGLYCO2-Dec
ASHOKA2-Dec
IL&FSTRANS2-Dec
TVTODAY2-Dec
BGRENERGY2-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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