Nifty Closed Above 8400, Bank Nifty To Rally May Continue

Indian Market Outlook: Yesterday, Nifty Spot opened gap up by 10 points at 8391 and thereafter continued its bull rally and made a high of 8417. The Index closed at 8407. The Smallcap index showed profit booking after making high of 6266 and closed at 6223, immediate support for the Index is at 6149. Bank Nifty maintained its strength and made a new high of 18966 and closed at 18874. Bank Nifty has newer high in consistently in last 6 trading session, next target for Index is at 19076.

IT sector will be in focus today as IT Major TCS has announced its results yesterday were company registered a jump of 10.9% profit in Q3 result.

Nifty Future is opening at 8445 as per SGX Nifty at 8:50 am IST,almost 30 points above its previous close of 8422.

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	-2890.32

The net FII's figure in cash market continues to be negative in Jan 2017, amounting to Rs. 2890.32 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.12.8 Cr and DII sold shares worth Rs.110 Cr. A combined sell of Rs.122.9 Cr. For this expiry, FII and DII together are net buy worth Rs. 229.86 Cr.

In Index Options, last trading day, FII have bought 12750 contracts, above its post Demonetization average of 8577 contracts. Pro have bought 24983 contracts, below its post Demonetization average of 26619 contracts. Combined there has been a net buy of 37733 contracts, above its post Demonetization average of 31662 contracts. For the current expiry, FII and Pro combined are net buyers of 242771 contracts.

In Index Futures, last trading day, FII have bought 16849 contracts, above its post Demonetization average of 3577 contracts. Pro have sold 15301 contracts, above its post Demonetization average of 4177 contracts. Combined there has been a net buy of 1548 contracts below its post Demonetization average of 5200 contracts. For the current expiry, FII and Pro combined are net buyers of 28903 contracts.

International Market Morning Update:

S&P500, closed at 2266 after making a low of 2248.

German Index Dax has closed near its range low of 11520 and closed at 11555 after making a low of 11488.

MSCI Emerging market Index is trading with huge positive bias and has closed at 896. If 893 is maintained then the next level would be 907. It is currently trading at 896.

Data as on 12th 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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