Indian Market Outlook: The Indian Benchmark Index Nifty traded in a range of 34 points yesterday. After opening at 8132, the Index quickly made a high of 8148 and later slipped into a narrow range. During the second half of the days trade, the Index make a low of 8112 before closing at 8127. With New Year and Christmas round the corner, markets have already entered a muted movement phase. The MSCI Emerging Markets Index which is a good reflection of the Emerging markets pack continues to trade below its previous week low with a negative bias. The MSCI Index continues to display weakness in the emerging market space. Nifty too is expected to trade slightly negative in the days ahead. The likely range of 8076 on the downside and 8294 on the upside is expected.
Nifty Future is opening at 8120 as per SGX Nifty at 8:30 am IST, 7 points below its previous close of 8127.
FII Activity for the year 2016:
The net FII's figure in cash market has turned negative amounting to Rs. 3801.66 Cr, after heavy Nov Selling figure, which was Rs. 19981.5 Cr
Open Interest Index F&O and Cash Segment Activity
In Cash segment, last trading day, FII have sold shares worth Rs.536 Cr and DII bought shares worth Rs.556.40 Cr. A combined buy of Rs. 20.59 Cr. For this expiry, FII and DII together are net sell worth Rs. 2670 Cr.
In Index Options, last trading day, FII have sold 13540 contracts, above its post Demonetization average of 8577 contracts. Pro have sold 10317 contracts, below its post Demonetization average of 26619 contracts. Combined there has been a net sell of 23857 contracts, below its post Demonetization average of 31662 contracts. For the current expiry, FII and Pro combined are net buyers of 9387 contracts.
In Index Futures, last trading day, FII have bought 4825 contracts, above its post Demonetization average of 3577 contracts. Pro have bought 4588 contracts, above its post Demonetization average of 4177 contracts. Combined there has been a net buy of 9413 contracts above its post Demonetization average of 5200 contracts. For the current expiry, FII and Pro combined are net buyers of 22711 contracts.
International Market Morning Update: Today morning, Asian markets continue to trade with negative bias displayed by the MSCI emerging markets index which is trading 0.16% down.
American Index, S&P 500 after making a new high of 2278 is trading at 2261. It is expected to trade in a range of 2278 to 2248. Any major directional move could be expected once it breaches this range.
German Dax after displaying extraordinary strength traded flat yesterday. As the New Year and Christmas Holiday season has already started, these markets are expected to stay calm this week.
Data as on 19th December 2016. The % change is taken from previous day's close.
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.
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