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

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
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.

Index Country 1D % Change
Developed Markets
America S AND P 500 INDEX US -0.34
DJIA INDEX US 0.28
Europe DAX INDEX Germany -1.21
EURO STOXX 50 INDEX Eurozone -0.86
CAC 40 INDEX Paris -0.57
FTSE 100 INDEX London -0.58
Asia NIKKEI 225 INDEX Japan 1.12
ASX 200 INDEX Australia 1.099
Emerging Markets
America BOVESPA INDEX Brazil -3.88
Asia JAKARTA COMPOSITE INDEX Jakarta 0.968
HANG SENG INDEX China 0.39
SET INDEX Thailand 0.14
PHILIPPINE STOCK INDEX Philippine 1.23
KOSPI INDEX Korea 0.09
STRAITS TIMES INDEX Singapore 0.81

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 GAINER TOP LOSER
SYMBOL LTP %CHANGE SECTOR   SYMBOL LTP %CHANGE SECTOR
SSWL 637.5 16.44 AUTO-AUTO ANCL AND COMPONENTS SATIN 438.4 -5 FINANCIAL SERVICES
HINDOILEXP 66.8 4.7 ENERGY-OIL & GAS WHIRLPOOL 956 -4.97 REALTY- HOUSEHOLD
STCINDIA 121.4 4.57 DIVERSIFIED KIRIINDUS 278.1 -4.78 CHEMICALS
PRICOL 90.1 4.04 AUTO-AUTO ANCL AND COMPONENTS GMDCLTD 101.25 -4.75 METALS AND MINING
ITDCEM 150.1 3.77 INFRA- CONSTRUCTION ENGINEERING AND MATERIALS ORIENTPPR 70.05 -4.56 REALTY- HOUSEHOLD
DALMIASUG 127.75 3.65 FMCG- SUGAR SONASTEER 58.75 -4.24 AUTO-AUTO ANCL AND COMPONENTS
SYNGENE 604.95 3.3 PHARMA CHEMFALKAL 268 -4.18 CHEMICALS
OUDHSUG 110.6 2.93 FMCG- SUGAR COSMOFILMS 330.85 -4.12 FMCG- PACKAGING
DCMSHRIRAM 217.15 2.67 DIVERSIFIED RICOAUTO 59.55 -3.87 AUTO- AUTOMOBILES AND AUTO PARTS
ADFFOODS 157.3 1.94 FMCG- FOOD MANAPPURAM 74.15 -3.7 FINANCIAL SERVICES- NBFC
GSFC 91.3 1.67 FERTILISERS JMFINANCIL 67.45 -3.64 FINANCIAL SERVICES
NOCIL 70.65 1.58 CHEMICALS FIEMIND 1133.65 -3.63 AUTO-AUTO ANCL AND COMPONENTS
HERITGFOOD 885.8 1.4 FMCG- FOOD PEL 1631.9 -3.62 PHARMA
CUB 136.45 1.3 BANKS-PRIVATE RBL 940 -3.53 AUTO- AUTOMOBILES AND AUTO PARTS
NEULANDLAB 1029 1.15 PHARMA ADANITRANS 56.25 -3.43 INFRA- POWER
MARKSANS 44.85 1.13 PHARMA UFLEX 269.1 -3.41 FMCG- PACKAGING
EXCELCROP 1866 0.98 CHEMICALS DEEPAKFERT 189.5 -3.24 FERTILISERS
KNRCON 752 0.97 INFRA- CONSTRUCTION ENGINEERING AND MATERIALS IGPL 246 -3.21 CHEMICALS
CARERATING 1394.2 0.93 FINANCIAL SERVICES JKPAPER 87.85 -3.2 PAPER
BHAGERIA 384.8 0.86 CHEMICALS JBMA 229.35 -2.98 AUTO-AUTO ANCL AND COMPONENTS
DEEPIND 254.15 0.85 ENERGY-OIL & GAS CHENNPETRO 270.6 -2.96 ENERGY-OIL & GAS
MOIL 379.3 0.85 METALS AND MINING JKTYRE 118.4 -2.87 AUTO- TYRES AND TUBES
LINCOLN 195.4 0.8 PHARMA GICHSGFIN 279.35 -2.87 FINANCIAL SERVICES- NBFC
BINANIIND 76.2 0.79 CEMENT ATUL 2170.9 -2.86 CHEMICALS
SIMPLEXINF 306 0.65 INFRA- CONSTRUCTION ENGINEERING AND MATERIALS SUDARSCHEM 314.55 -2.84 CHEMICALS
KALPATPOWR 244.5 0.64 INFRA- POWER VLSFINANCE 51.5 -2.74 FINANCIAL SERVICES
VINATIORGA 598.75 0.59 CHEMICALS NATIONALUM 55.55 -2.71 METALS AND MINING
JUBILANT 708.55 0.55 PHARMA INDIANB 247 -2.66 BANKS-PSU
TUBEINVEST 583 0.5 AUTO-AUTO ANCL AND COMPONENTS DCBBANK 108.9 -2.55 BANKS-PRIVATE

Dynamic Sector Performance – 1st December 2016

Sector % Change
DEFENCE 2.13%
AUTO- TYRES AND TUBES 1.66%
DIVERSIFIED 1.11%
INFRA- CONSTRUCTION ENGINEERING AND MATERIALS 0.93%
FMCG- SUGAR 0.78%
FERTILISERS 0.68%
FMCG 0.39%
JEWELLERY 0.18%
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

SYMBOL Result Date
INDIAGLYCO 2-Dec
ASHOKA 2-Dec
IL&FSTRANS 2-Dec
TVTODAY 2-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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