Indian Market Outlook: The Indian Benchmark Index Nifty saw sharp buying in the last hour of trading yesterday.The Index rallied by 120 points, propelled by DII buying at support levels. Nifty made a low of 7894 day before yesterday. Today the SGX Nifty is opening around the same levels and if these levels are crossed then bulls will have the upper hand in the market.
Banking and midcap stocks saw sharp buying with Bank nifty moving up by 200 points in the last hour of trading.
Nifty Future is opening at 8035 as per SGX Nifty at 8:30 am IST, 11 points above its previous close of 8024.
FII Activity for the year 2016
The net FII's figure in cash market has turned negative amounting to Rs.9550 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.712 Cr and DII bought shares worth Rs.1502.40.4 Cr. A combined buy of Rs. 790.24 Cr. For this expiry, FII and DII together are net sell worth Rs. 2439 Cr.
In Index Options, last trading day, FII have sold 1635 contracts, below its post Demonetization average of 8577 contracts. Pro have bought 106087 contracts, above its post Demonetization average of 26619 contracts. Combined there has been a net buy of 104452 contracts, above its post Demonetization average of 31662 contracts. For the current expiry, FII and Pro combined are net sellers of 57959 contracts.
In Index Futures, last trading day, FII have sold 7584 contracts, above its post Demonetization average of 3577 contracts. Pro have bought 1751 contracts, below its post Demonetization average of 4177 contracts. Combined there has been a net sell of 5833 contracts above its post Demonetization average of 5200 contracts. For the current expiry, FII and Pro combined are net buyers of 5769 contracts.
International Market Morning Update:
International markets were closed due to the holiday season yesterday. Today Nikkei has opened at 19450 which is just 30 points above its previous day close of 19427.
International markets were range bound with the holiday season and most firms have closed their books for the year.
S&P futures after a truncated weekend opened flat and was trading in a range of 10 points. The day high of the Index was 2068 and the low was 2058. The German Dax is trading in a narrow band of 50 points. Today Japan's Nikkei too is trading in a range of 54 points between 19364 and 19418.
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