Indian Market Outlook: Indian benchmark Index Nifty opened at 8092 yesterday and made a low of 8076, 2 points below its daily support of 8078 as per Dynamic Levels. Nifty rose sharply by 99 points from there to make a high of 8175 and finally closed at 8173. FII, however, are still continuing with their selling in the month of December. The total selling in cash segment amounting to Rs. 912 Cr in last 3 days.
7th of December, Wednesday this week, we have Urjit Patel, RBI governor's, second monetary policy where markets have high hopes of a interest rate cut. A rate cut would result in a weaker Rupee which would directly benefit the export oriented companies and rate sensitive companies. IT and the financial services sector would be the direct beneficiaries. Major surveyed economists as per Bloomberg expect RBI to reduce interest rates by 25 bps. Markets might cheer the upcoming move.
Nifty Dec Futures is expected to open at 8150 as per SGX Nifty at 8:30 am IST, which is 23 points below its previous close of 8173.
FII Activity for the year 2016
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 912 Cr.
Open Interest Index F&O and Cash Segment Activity
In cash segment, last trading day, FII have sold shares worth Rs.318 Cr and DII bought shares worth Rs. 163.60 Cr. A combined sell of Rs. 154 Cr. For this expiry, FII and DII together are net sell worth Rs. 445 Cr.
In Index Options, last trading day, FII have sold 5223 contracts, below its 1 year average of 18280 contracts. Pro have bought 6171 contracts, below its 1 year average of 27670 contracts. Combined there has been a net buy of 948 contracts, below its 1 year average of 39000 contracts. For the current expiry, FII and Pro combined are net buyers of 69910 contracts.
In Index Futures, last trading day, FII have sold 1483 contracts, below its 1 year average of 9706 contracts. Pro have bought 638 contracts, below its 1 year average of 4903 contracts. Combined there has been a net sell of 845 contracts below its 1 year average of 9401 contracts. For the current expiry, FII and Pro combined are net buyers of 4469 contracts.
International Market Morning Update:
International markets along with S&P and Dax have regained strength. S&P has risen by 1.37% yesterday from the low of 2178 to make a high of 2209. German DAX rose by 3.09% from the lows yesterday Inspite of the political unrest in Italy.
In today's trading the Asian peers are trading in Green. The global markets are displaying all pervasive strength.
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.
No comments:
Post a Comment