Indian Market Outlook: Nifty is opening unchanged at 8175 and with major global markets closed for the day. Monthly PMI data along with auto sales will decide the trend of the markets.The last few days Nifty has reversed from level of 7915 and now the major resistance stands at 8278.
DII have been big buyers, negating selling by FII is getting offset as DII remain net buyer in the cash market.
Nifty Future is opening at 8177 as per SGX Nifty at 8:40 am IST, 10 points below its previous close of 8187.
FII Activity for the year 2016
The net FII's figure in Cash market has turned negative amounting to Rs. 11325.03 Cr, after heavy Nov 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.586 Cr and DII bought shares worth Rs.725.26 Cr. A combined buy of Rs.139.62 Cr. For this expiry, FII and DII together are net buy worth Rs. 139.62 Cr.
In Index Options, last trading day, FII have bought 3135 contracts, below its post Demonetization average of 8577 contracts. Pro have bought 12182 contracts, below its post Demonetization average of 26619 contracts. Combined there has been a net buy of 15317 contracts, below its post Demonetization average of 31662 contracts. For the current expiry, FII and Pro combined are net buyers of 15317 contracts.
In Index Futures, last trading day, FII have bought 11960 contracts, above its post Demonetization average of 3577 contracts. Pro have sold 4076 contracts, below its post Demonetization average of 4177 contracts. Combined there has been a net buy of 7884 contracts above its post Demonetization average of 5200 contracts. For the current expiry, FII and Pro combined are net buyers of 7884 contracts.
International Market Morning Update:
International markets are closed today. Last few sessions has shown profit booking at the end of year 2016, where S&P500 has corrected 45 points from its high of 2278 and currently trading at 2233.
Data as on 30th December 2016. 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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