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Indian Market Outlook:
Nifty is trading range bound at 8450-8375, budget expectations to give either side breakout. A range bound trading session was witnessed yesterday where nifty moved in a range of 45 points and as results of larger cap companies are coming out some volatility is expected to return on the markets. The past six trading sessions has seen a movement of 85 points which suggests that a big move either side is on the cards and with budget date on Feb 1 a pre budget rally can be expected.
Yesterday three banks declare its result Yes Bank, Federal Bank and Axis Bank. However market remain neutral on their result.
The past few days data in both the cash and derivatives markets have been neutral giving no clue of the mindset of big players.
Nifty Future is opening at 8423 as per SGX Nifty at 8:50 am IST,almost 16 points below its previous close of 8439.
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 | -3025 |
The net FII's figure in cash market continues to be negative in Jan 2017, amounting to Rs. 3025 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. 132 Cr and DII bought shares worth Rs. 379.63 Cr. A combined buy of Rs.247 Cr. For this expiry, FII and DII together are net sell worth Rs. 158.5 Cr.
In Index Options, last trading day, FII have sold 7971 contracts, below its post Demonetization average of 8577 contracts. Pro have have bought 6500 contracts, below its post Demonetization average of 26619 contracts. Combined there has been a net sell of 1471 contracts, below its post Demonetization average of 31662 contracts. For the current expiry, FII and Pro combined are net buyers of 244682 contracts.
In Index Futures, last trading day, FII have sold 3608 contracts, above its post Demonetization average of 3577 contracts. Pro have sold 1316 contracts, above its post Demonetization average of 4177 contracts. Combined there has been a net sell of 4924 contracts below its post Demonetization average of 5200 contracts. For the current expiry, FII and Pro combined are net buyers of 23026 contracts.
International Market Morning Update:
International markets traded in a range and despite ECB policy meet no change was witnessed and SP futures is trading between 2270- 2255.
German Dax is trading in a range of 150 points over past few trading sessions and international markets are awaiting first economic policies announcement from the new US president Donald Trump which will lay down the course of future actions.
In today's trading in Asia, Japan's Nikkei is trading flat.
The Morgan Stanely Emerging markets Index after retesting its recent high of 900 is trading in a small range.
Data as on 19th 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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