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Monday, September 26, 2016

Nifty To Witness Volatility As It Heads To F&O Expiry

Indian Market Outlook:
Nifty was positive for the last week despite Friday's selling. The benchmark Nifty has a major support of 8790 which the Index is likely to retest in trading today. Nifty upside resistance remains at 8920. FII have been net buyers in both cash and F&O segment for the September series which should be considered positive for the bulls. NSE Bank Nifty has been underperforming compared to Nifty in the past one week. The important level for Bank Niftywill be 19840.

Nifty Futures is expected to open at 8803 as per SGX Nifty at 8:30 am IST, which is 40 points above its previous close of 8843.


Open Interest Index F&O and Cash Segment Activity:

In Cash segment, Last trading day, FII have sold shares worth Rs. 300 Cr and DII bought shares worth Rs. 496 Cr. A combined buy of Rs. 196 Cr. For this expiry, FII and DII together are buyers worth Rs. 2709 Cr.

In Index Options, last trading day, FII have bought 5910 contracts, below its 1 year average of 18280 contracts. Pro have sold 44148 contracts, above its 1 year average of 27670 contracts. Combined there has been a net sell of 38238 contracts, below its 1 year average of 39000 contracts. For the current expiry, FII and Pro combined are net sellers of 33833 contracts. .

In Index Futures, last trading day, FII have bought 5245 contracts, below its 1 year average of 9706 contracts. Pro have sold 1137 contracts, below its 1 year average of 4903 contracts. Combined there has been a net buy of 4108 contracts below its 1 year average of 9401 contracts. For the current expiry, FII and Pro combined are net buyers of 75547 contracts.


International Market Morning Update: 

International markets remained positive for the week despite Friday's selling. S&P Futures closed at 2157 after making a high of 2173. The support for the Index remains at 2110-2120 levels while the resistance remains at 2191.

German Dax, which had the support at 10450 closed at 10600 with a positive uptick for the week.

In Asia Nikkei too gained 1.42% last week showing strength after the FED chair Yellen kept the dovish stance for the interest rate hikes.

List of Top Gainers and Losers on 23rd Sep 2016


The Percentage denotes Sector wise performance.
Airlines Sector was the Top performing sector and it rose by 2.35% , Auto- Tyres & Tubes Sector rose by 1.79% followed by Footwear Sector which was up by 1.16%

Stocks Near Support



















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

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