Indian Market Outlook:
Nifty ended last week at 8556 with no major movement witnessed, the weekly range being 120 points. The action shifts to this week as futures and option expiry for month of July is on 28th and GST bill is to be tabled in Rajya Sabha this week. FII have been continuous buyers over last 10 trading sessions while at the same time DII have been sellers. Global events hold importance with FOMC on 27th night and Bank of Japan on 29th morning, which might bring in fresh volatility.
Axis bank declared its results which showed increase in NPA and highlights the NPA problem which has started affecting private banking stocks. The top 5 gainers are Tata Motors DVR, Tata Motors, PowerGrid, Infratel, TataMetalik.
Axis bank declared its results which showed increase in NPA and highlights the NPA problem which has started affecting private banking stocks. The top 5 gainers are Tata Motors DVR, Tata Motors, PowerGrid, Infratel, TataMetalik.
Open Interest Futures & Options Index Update:
On 22nd of July, FII & Pro have bought 393750 shares combined which is below the average of 705075.
The total for the July expiry from the 1st July to 22th July is buy 5942400 shares, which indicates that big players are building long positions in market.
The total for the July expiry from the 1st July to 22th July is buy 5942400 shares, which indicates that big players are building long positions in market.
On 22nd of July, FII & Pro have bought 1116300 shares combined, below average of 2920650.
The total for the July expiry from the 1st July to 22th July is 1609875 which indicates that a Buy position has been created for the clearing.
The total for the July expiry from the 1st July to 22th July is 1609875 which indicates that a Buy position has been created for the clearing.
FII & DII Cash Buy/Sell Activity:
Last trading day, FII have bought shares worth Rs. 437.78 Cr and DII have sold shares worth Rs. 364.67 Cr. Combined, net buying worth Rs. 72.11 cr was seen.
Since 1st July 2016, FII have bought Rs.6402 crores worth shares where as DII have sold shares worth Rs.4490 crores in the cash segment.
FII and DII combined have a net buy worth Rs. 1912 Cr since 1st July 2016.
The combine FII and Pro have seen a continued increase in long position in Index future and an increase of long position in index options. In the cash segment FII and DII combined are net buyers of Rs. 1912 Cr since 1st July 2016. The immediate target for Nifty as per Dynamic Levels is 8648.
Disclaimer: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.
Dynamic Equities Pvt. Ltd - SEBI Investment Advisory Reg. No.: INA300002022
Dynamic Equities Pvt. Ltd - SEBI Investment Advisory Reg. No.: INA300002022
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