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Wednesday, January 25, 2017

Market To Open above 8500 Level Taking Strong Global Cues

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Indian Market Outlook:
India’s benchmark Index Nifty has given break out of its recent high of 8461 and closed above it. Yesterday Nifty opened at 8407, made a low of 8398 and made a high of 8481. Bank nifty also participated in the rally with the high of 19054 and closed at 19023. (180 points above its previous day’s close).

Important results to watch out for today are KOTAK BANK, WIPRO, MARUTI, TATA ELXSI, IDFC BANK.

Nifty Future is opening at 8510 as per SGX Nifty at 8:50 am IST,almost 30 points above its previous close of 8480.


FII Activity for the year 2016-17
MonthFII Activity
January-14356.01
February-12513.1
March24201.51
April3056.28
May-186.61
June3957.95
July10121.56
August8778.01
September3329.62
October-5355.76
November-19981.5
December-11325.03
January 2017-3247.26

The net FII's figure in cash market continues to be negative in Jan 2017, amounting to Rs.3247.26 Cr, after heavy Nov & Dec Selling figure, which was Rs. 19981.5 Cr and 11325.03 Cr respectively.

Open Interest Index F&O and Cash Segment Activity

In cash segment, yesterday, FII have bought shares worth Rs. 93.95 Cr and DII bought shares worth Rs. 533.49 Cr. A combined buy of Rs.627.44 Cr. For Jan 2017 Expiry, FII and DII together are net buyer of worth Rs. 498.50 Cr.

In Index Options, yesterday, FII have sold 21335 contracts. Pro have bought 72062 contracts on last day. Combined there has been a net buy of 50727 contracts. Combined buy is more than average traded contracts.

In Index Futures, last trading day, FII have bought 5619 contracts. Pro have bought 7942 contracts. Combined there has been a net buy of 13561 contracts.

International Market Morning Update:
In International markets S&P500 retested its all time high of 2278 and currently trading at 2275. US president Donald Trump signed executive orders to revive the controversial Keystone XL and Dakota pipeline project.

German Index DAX has come to its range high level of 11630 if the Index trade above this level we might see huge breakout upside.

Data as on 24th January 2017. 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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