Indian Market Outlook: Indian benchmark Index Nifty went into a consolidation zone as it traded between 8450 to 8380 in last two trading sessions. The range of the market is significant as the FII's are still sellers in the cash market having sold Rs.3008 cr for the month of January, while the benchmark Index has gone up by 300 points. Banking stocks also went into consolidation after sharp run up of 500 points. This week marks the entry of US President Donald Trump which can start the new trend in the financial markets which needs to be noted.
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 8400 as per SGX Nifty at 8:50 am IST,almost 18 points below its previous close of 8418.
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 | -3007.91 |
The net FII's figure in cash market continues to be negative in Jan 2017, amounting to Rs. 3007.91 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.118 Cr and DII sold shares worth Rs. 473.50 Cr. A combined sell of Rs.591.10 Cr. For this expiry, FII and DII together are net sell worth Rs. 361.20 Cr.
In Index Options, last trading day, FII have bought 4486 contracts, below its post Demonetization average of 8577 contracts. Pro have sold 9929 contracts, below its post Demonetization average of 26619 contracts. Combined there has been a net sell of 5443 contracts, below its post Demonetization average of 31662 contracts. For the current expiry, FII and Pro combined are net buyers of 237328 contracts.
In Index Futures, last trading day, FII have bought 1710 contracts, below its post Demonetization average of 3577 contracts. Pro have sold 401 contracts, below its post Demonetization average of 4177 contracts. Combined there has been a net buy of 1309 contracts below its post Demonetization average of 5200 contracts. For the current expiry, FII and Pro combined are net buyers of 30212 contracts.
International Market Morning Update:
US cash markets are closed today on account of Martin Luther King Memorable day. While S&P futures are trading at 2268.
Asian markets are trading negative today. In todays trading Nikkei Index is at 19112 which is 170 points down from the previous day close.
MSCI Emerging markets index has shown profit booking, currently the Index is trading at 891 where two day high was 900.45 immediate support for the index is at 889.85 below which the next target is 883.
Data as on 13th 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.
Register for Dynamic Levels webinar on “Know the Secret to trade Nifty with Confidence!” - enhance your knowledge of Open Interest to trade on the same side with the big players in the market. The learning is with respect to understanding the most probable factors affecting the movement of Nifty on any given day. Besides, the purpose of this webinar is to empower the traders to trade with confidence and independently study the Open Interest Report as prepared by the Dynamic Levels Team.
Register for Dynamic Levels webinar on “Know the Secret to trade Nifty with Confidence!” - enhance your knowledge of Open Interest to trade on the same side with the big players in the market. The learning is with respect to understanding the most probable factors affecting the movement of Nifty on any given day. Besides, the purpose of this webinar is to empower the traders to trade with confidence and independently study the Open Interest Report as prepared by the Dynamic Levels Team.
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