Indian Market Outlook: Nifty has given strong close yesterday, reaching its weekly target of 8294, the Index is opening at 8318 above its weekly breakout level. If market does not show any profit booking then it may head towards its next target of 8460. Bank Nifty has to trade above 18250 to support the overall rally in the Indian Markets.
Small Cap and Mid cap stocks rallied all the way from last 8 trading sessions, where Small cap closed at 6088 heading toward its weekly target of 6207. However one has to be cautious as markets will witness an eventful month as US elect President Mr Donald Trump will join office from 20th January, Budget date confirmation will be in focus, speculation with regard to opinion polls of UP and other state election and the third quarter result announcement will play a vital role in the market.
Nifty Future is opening at 8310 as per SGX Nifty at 8:50 am IST, 20 points above its previous close of 8207.
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 | -1648.72 |
The net FII's figure in cash market has turned negative in Dec 16’ amounting to Rs. 11325.03 Cr, after heavy Nov 16’ 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.86.90 Cr and DII bought shares worth Rs.449.07 Cr. A combined buy of Rs.362.19 Cr. For this expiry, FII and DII together are net sell worth Rs. 50.01 Cr.
In Index Options, last trading day, FII have bought 74555 contracts, above its post Demonetization average of 8577 contracts. Pro have bought 66200 contracts, above its post Demonetization average of 26619 contracts. Combined there has been a net buy of 140755 contracts, above its post Demonetization average of 31662 contracts. For the current expiry, FII and Pro combined are net buyers of 109767 contracts.
In Index Futures, last trading day, FII have bought 26818 contracts, above its post Demonetization average of 3577 contracts. Pro have sold 6045 contracts, above its post Demonetization average of 4177 contracts. Combined there has been a net buy of 20773 contracts above its post Demonetization average of 5200 contracts. For the current expiry, FII and Pro combined are net buyers of 23350 contracts.
International Market Morning Update:
S&P500 traded in a narrow range before US non farm payroll data to be announced today.
German Index Dax is trading above its breakout level of 11477 and is currently trading at 11580.
MSCI Emerging market Index is trading above its breakout level of 861 and is currently trading at 881. This has given a huge positive sentiment for the emerging markets.
Data as on 5th 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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