Indian Market Outlook:
Five Important Points to watch out for in the Union Budget 2017-18 today:
India’s benchmark index Nifty yesterday fell by 80 points from the day high of 8632 and made low of 8552, and closed at 8561 almost near its day low. Bank Nifty also showed weakness throughout the day and fell by 70 points from its previous day close of 19585.
Small cap index saw selling pressure as the index lost 90 points from its previous day close of 6392 to close at 6302. Small Cap Index closed below its 3 day low thereby showing signs of further weakness.
FII’s have sold 532 crore in Cash Segment ahead of Budget on Tuesday after continuous buying of 3 days.
Important results to be announced today are apollo tyre, tata global, eicher motors, cummins india.
Nifty Future is opening at 8609 as per SGX Nifty at 8:50 am IST,almost 25 points above its previous close of 8584.
Important events to watch out
- Today Finance Minister Arun Jaitley to present Union Budget 2017-18 at 11 am.
- 1st Feb 12.30 midnight Federal Reserve Monetory Policy (market will take impact of it on 2nd Feb)
- 8th Feb RBI Monetory Policy
- 11th Feb to 15th Mar UP Election
FII Activity for the year 2016-17
| Month | FII Activity |
| January | -14356.01 |
| February | -12513.1 |
| March | 24201.51 |
| April | 3056.28 |
| May | -186.61 |
| June | 3957.95 |
| July | 10121.56 |
| August | 8778.01 |
| September | 3329.62 |
| October | -5355.76 |
| November | -19981.5 |
| December | -11325.03 |
| January 2017 | -1582.16 |
Open Interest Index F&O and Cash Segment Activity
In cash segment, yesterday, FII have sold shares worth Rs. 532.88 Cr and DII bought shares worth Rs. 237.37 Cr. Combined sell of Rs.295.51 Cr. For Feb 2017 Expiry, FII and DII together are net buyer of worth Rs. 1046.18 Cr.
In Index Options, yesterday, FII have sold 74514 contracts and Pro have sold 17700 contracts. Combined there has been a net sell of 92214 contracts.
In Index Futures, last trading day, FII have sold 4322 contracts and Pro have bought 4553 contracts. Combined there has been a net sell of 231 contracts.
Important events to watch out
- 1st Feb Union Budget 2017-18
- 1st Feb 12.30 midnight Federal Reserve Monetory Policy (market will take impact of it on 2nd Feb)
- 8th Feb RBI Monetory Policy
- 11th Feb to 15th Mar UP Election
International Market Morning Update:
Fed will announce its monetary policy today at 12:30 mid night, expectations are to keep interest rate unchanged. However traders are likely to keep a close eye on the associated statement after rate decision.
S&P 500 yesterday made a low of 2262 and closed at 2274.50 and is currently trading at 2275.75.
German Index Dax is gradually approaching near its weekly support of 11506 below which next level is 11423 and yesterday closed at 11593. The Index has been trading in a negative zone from last 4 trading sessions.
MSCI Emerging market Index is trading at 909.86 and yesterday’s low was at 907. Recently the index made a high of 1919. Immediate support for the index is at 907 below which next target is 902.
Data as on 27th 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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