Nifty Enters The September Series At 8640

 Indian Market Outlook: Nifty had a dull August series and a two hundred point range has led to a decrease in volatility. India VIX, an indicator of volatility has come down to below 14 which indicates there are no major triggers or events in the markets. Yesterday being the last day of August expiry in the F&O segment there was some volatility witnessed but it was very much in the trading range. Nifty Futures after making a high of 8685 saw a phase of profit booking which led to a closing below 8600, an intra-day movement of 100 points. Bank Nifty also failed to cross 19430 before falling to below 19300. The markets are expected to trade in a choppy range as it waits Janet Yellen speech at Jackson hole at 7.30 pm Indian time, which will come after market hours the effect will come on Monday trade.

Top 5 gainers for yesterday were Bhel, BPCL, GAIL, ITC and HCL Technologies.

Nifty Futures is expected to open at 8658 as per SGX Nifty at 8:30 am IST, which is 14 points above its previous close of 8644.

Open Interest Index Futures

On 24th August of 2016, FII & Pro have sold 701775 shares combined, below average of 705075.

The total for the August expiry from the 29th July was 1347600 shares in Index Futures.

Open Interest Index Options

On 24th August of 2016, FII & Pro have sold 145350 shares combined, which is below the average of 2920650.

The total for the August expiry from the 29th was sell of -2141250 shares in Index Options.

FII & DII Cash Buy/Sell Activity

Last trading day, FII's have sold Rs. 39 Cr shares and DII have bought shares worth Rs. 129 Cr. Combined, net buying worth Rs. 90 cr was seen.

Since 29th July 2016, FII have bought Rs.7263 crore worth shares where as DII have sold shares worth Rs. 4984 crores in the cash segment.

FII and DII combined have a net buy worth Rs. 2279 cr since 29th July 2016.

The combined FII and Pro have seen a marginal increase in short position in Index future and a increase of short position in index options. In the cash segment FII and DII combined are net buyers of Rs. 2279 Cr since 29th July 2016.

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