Bulls Propel Nifty Above 8400, Its Highest Levels In Two Months

Indian Market Outlook: Yesterday, Nifty Spot opened gap up by 30 points at 8322 and thereafter continued its bull rally and made a high of 8389. The Index closed at 8380 which is marginally below its intraday high of 8389. The Smallcap index maintained its strength and made a high of 6256 and closed at 6248. The next target for Small Cap Index is 6292. Bank Nifty gave a huge rally of 375 points making a high of 18889. The index has given a breakout of its previous month high of 18740, next target for the index is 19075.

IT Major TCS to announce its results today, which is expected to remain flat.

Nifty Future is opening at 8423 as per SGX Nifty at 8:50 am IST, 30 points above its previous close of 8386.

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	-2877.55

The net FII's figure in cash market continues to be negative in Jan 2017, amounting to Rs. 2877.55 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, last trading day, FII have sold shares worth Rs.627 Cr and DII bought shares worth Rs.1116.20 Cr. A combined buy of Rs.488.85 Cr. For this expiry, FII and DII together are net buy worth Rs. 352.71 Cr.

In Index Options, last trading day, FII have bought 24178 contracts, above its post Demonetization average of 8577 contracts. Pro have bought 58900 contracts, above its post Demonetization average of 26619 contracts. Combined there has been a net buy of 83078 contracts, above its post Demonetization average of 31662 contracts. For the current expiry, FII and Pro combined are net buyers of 205038 contracts.

In Index Futures, last trading day, FII have bought 12089 contracts, above its post Demonetization average of 3577 contracts. Pro have sold 8231 contracts, above its post Demonetization average of 4177 contracts. Combined there has been a net buy of 3858 contracts below its post Demonetization average of 5200 contracts. For the current expiry, FII and Pro combined are net buyers of 27355 contracts.

 

International Market Morning Update:

S&P500, edged up higher by 6 points post Donald Trumps speech and closed at 2271.

German Index Dax has closed on a bullish note at 11658 which is 83 points above its previous close.

MSCI Emerging market Index is trading with huge positive bias and has closed at 893. If 893 is breached on the upside then the next level would be 907. It is currently trading at 893.

Data as on 11th 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.