Indian Market Outlook: On Friday, Nifty Spot opened at 8283 and made a high of 8306, achieving its target of 8288. Nifty then corrected for the day to make a low of 8233 and finally closed at 8247.85. Nifty has risen by 173 points from a low of 8133 to 8306 in the month of January. This rally was however not participated by the FIIs who have sold 1903 cr since January 2. The Small cap and Mid Cap shares have remarkably outperformed the Benchmark Nifty and after achieving its target of 6114, Small Cap Index too corrected sharply to close at 6063 on Friday.
Major event eyed for the month of January is US President elect, Donald Trump's, joining the President's office is due on 20th Jan. The global Indices have been showing strength on speculations around Trump's policies.
Nifty Future is opening at 8264 as per SGX Nifty at 8:50 am IST, 4 points above its previous close of 8268.
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 | -1903.95 |
The net FII's figure in cash market continues to be negative in Jan 2017, amounting to Rs. 1903.95 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.255 Cr and DII bought shares worth Rs.165.29 Cr. A combined sell of Rs.89.92 Cr. For this expiry, FII and DII together are net sell worth Rs. 140 Cr.
In Index Options, last trading day, FII have bought 4032 contracts, below its post Demonetization average of 8577 contracts. Pro have sold 16634 contracts, below its post Demonetization average of 26619 contracts. Combined there has been a net sell of 12602 contracts, below its post Demonetization average of 31662 contracts. For the current expiry, FII and Pro combined are net buyers of 97165 contracts.
In Index Futures, last trading day, FII have bought 8131 contracts, above its post Demonetization average of 3577 contracts. Pro have sold 1646 contracts, below its post Demonetization average of 4177 contracts. Combined there has been a net buy of 6485 contracts above its post Demonetization average of 5200 contracts. For the current expiry, FII and Pro combined are net buyers of 29835 contracts.
International Market Morning Update:
S&P500, after retesting its all time high of 2278 by making a high of 2277 and currently trades at 2273.75.
German Index Dax after giving the breakout of 11477 is currently trading in a range of 11580 and 11650.
MSCI Emerging market Index has also achieved its target of 879.69 and is currently trading at 878.9.
Data as on 6th 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.
No comments:
Post a Comment