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Indian Market Outlook:
India’s benchmark index Nifty closed at 8391 on Monday, 40 points up from Friday’s close of 8349.The Index recovered from intraday low of 8327 and closed near day’s high after the announcement of Supreme Court rejecting the Plea to change the budget date from 1st Feb.
Nifty Index has taken a support of its daily level of 8322. Bank Nifty remained flat today. It opened at 18762, made a high of 18910 and closed at 18842. The next resistance level of Bank Nifty is 19072 if Bank Nifty breaks 18910 levels. Buying was also seen in the cash segment, the Small Cap index too gained 55 points from its previous day close.
Indian benchmark index saw a positive day and sharp buying was witnessed from 8338 which was previous day low and markets closed at 8398 a overall positive day.
Important results to watch out for today are HDFC BANK, M&M FINANCE,BHARTI AIRTEL,HCL TECH.
Nifty Future is opening at 8432 as per SGX Nifty at 8:50 am IST,almost 22 points above its previous close of 8410.
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 | -3341.21 |
The net FII's figure in cash market continues to be negative in Jan 2017, amounting to Rs. 3341.21 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 sold shares worth Rs. 288.80 Cr and DII bought shares worth Rs. 519.99 Cr. A combined buy of Rs.231.19 Cr. For Jan 2017 Expiry, FII and DII together are net seller of worth Rs. 128.90 Cr.
In Index Options, yesterday, FII have sold 21011 contracts. Pro have bought 14918 contracts on last day. Combined there has been a net sell of 6093 contracts. The option data shows that market may fall.
In Index Futures, last trading day, FII have bought 4190 contracts. Pro have bought 997 contracts. Combined there has been a net buy of 5187 contracts.
International Market Morning Update:
International markets saw a mixed bag with US markets flat for the day with S&P futures closing at 2161 trading in the range of 2171-2150 for the last few weeks.
German Dax was down by 0.5% and a lower dollar helped emerging markets with Brazil up by more than 1.5 percent.
Data as on 23rd 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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