Indian Market Outlook:
India’s benchmark index Nifty opened on a flat note on Monday and traded in a narrow range of 45 points throughout the day and finally closed at 8633,which was 8 points below its Friday’s close of 8641. Bank Nifty also showed signs of weakness and closed at 19585, 123 points below its previous close of 19708.
Small cap index stayed in range for the entire trading session yesterday. The benchmark index of cash market, Small Cap closed at 6392, almost flat from Friday’s close of 6395. Small Cap Index made a high of 6429 and a low of 6384.
FII’s continue to buy in cash segment in last three trading sessions.
Important results to be announced today are ONGC, IOC,ICICI Bank, Bajaj-Auto.
Nifty Future is opening at 8615 as per SGX Nifty at 8:50 am IST,almost 44 points below its previous close of 8659.
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
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 | -1049.24 |
Open Interest Index F&O and Cash Segment Activity
In cash segment, yesterday, FII have bought shares worth Rs. 607.40 Cr and DII bought shares worth Rs. 40.04 Cr. A combined buy of Rs.647.40 Cr. For Feb 2017 Expiry, FII and DII together are net buyer of worth Rs. 1341.69 Cr.
In Index Options, yesterday, FII have sold 35165 contracts. Pro have bought 5785 contracts on last day. Combined there has been a net sell of 5913 contracts.
In Index Futures, last trading day, FII have sold 4927 contracts. Pro have bought 261 contracts. Combined there has been a net sell of 2139 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:
With Trump’s order on refugees, S&P500 has shown a sign of weakness and the index is currently trading at 2269, recent high of the index was 2299. Fed to announce its monetary policy on 1st Feb 2017 Mid night at 12:30 which will have bigger impact on the international markets.
German Index Dax has also shown profit booking and has yesterday closed at 11659, recent high of the index was at 11895.
MSCI Emerging market Index is trading at 911.19, recently the index made a high of 1919. Immediate support for the index is at 907 below which next target is 902.
Most Asian markets are trading negative today as U.S. President Donald Trump's new refugee policy has created a fearfull environment in all the emerging Countries.
The focus also remains on the BoJ, FOMC and BoE meetings due this week.
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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