Nifty Holds Fort at 8750, Strong Upsides Above 8820

Indian Market Outlook: Indian benchmark Nifty gave a steady and positive move yesterday to close 0.2 percent in the green despite banking stocks showing weakness throughout the day. FII have been in the profit booking mode since the past few days after a flurry of buying in the beginning of the September series. They were also net sellers in both cash and F&O segment. Nifty, in order to move up, requires FII participation and in this context the next few days will be very critical. The important support for Nifty stands at 8700, falling below this level, the next support stands at 8520. On the upside, resistance could be faced at 9000.

Nifty Futures is expected to open at 8812 as per SGX Nifty at 8:30 am IST, which is 30 points above its previous close of 8782.

Open Interest Index Futures:

On 15th September 2016, FII & Pro have sold 639750 shares combined, below its 1 year average of 705075.

The total for the September expiry from the 26th August is 4102500 shares in Index Futures.

Open Interest Index Options:

On 15th September 2016, FII & Pro have sold 1482675 shares combined, below its 1 year average of 2920650.

The total for the September expiry from the 26th August is 293325 shares in Index Options.

FII & DII Cash Buy/Sell Activity:

Last trading day, FII's have bought Rs. 345 Cr shares and DII have sold shares worth Rs. 457 Cr. Combined, net selling worth Rs. 111 cr was seen.

For the September expiry FII and DII are net buyers worth 2262 Cr.

The combined FII and Pro have seen decrease in long position in Index future and increase long position in index options. In the cash segment FII and DII combined are net buyers of Rs. 2262 Cr for the September expiry.

Disclaimer:

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.

Dynamic Equities Pvt. Ltd - SEBI Investment Advisory Reg. No.: INA300002022

Nifty Holds 8710 Support, FII Selling Continues

Indian Market Outlook: Midway through the September F&O series, the benchmark Nifty has corrected by over 250 points already from its high of 8995. Nifty slipped to 8717 levels yesterday before bouncing back to close at the day high of 8779.The surprise rally was supported by Bank Nifty which was up by 0.6 percent. FII and Pros have been sellers in the F&O segment as well as the cash markets. In the past few trading sessions, combined selling has been seen by FII and DII, which suggests that if 8700 is breached then 8540 would be the next likely support for the Index.

Nifty Futures is expected to open at 8750 as per SGX Nifty at 8:30 am IST, which is below its previous close of 8778.

Open Interest Index Futures

On 14th September 2016, FII & Pro have sold 220050 shares combined, below average of 705075.

The total for the September expiry from the 26th August is 4742250 shares in Index Futures.

Open Interest Index Options

On 14th September 2016, FII & Pro have sold 3366975 shares combined, above average of 2920650.

The total for the September expiry from the 26th August is -1189350 shares in Index Options.

FII & DII Cash Buy/Sell Activity

Last trading day, FII's have sold Rs. 477 Cr shares and DII have sold shares worth Rs. 9 Cr. Combined, net selling worth Rs. 486 cr was seen.

For the September expiry FII and DII are net buyers worth 2373 Cr.

The combined FII and Pro have seen decrease in long position in Index future and increase in short position in index options. In the cash segment FII and DII combined are net buyers of Rs. 2373 Cr for the September expiry.

Disclaimer:

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.

Dynamic Equities Pvt. Ltd - SEBI Investment Advisory Reg. No.: INA300002022

Nifty To Open flat, All Eyes on FOMC Meet Next Week

Indian Market Outlook: Nifty has undergone two days of profit booking even as it corrected by over 250 points from recent high of 8995.The short term trend will turn to sell if the Index slips below the crucial 8720 level. Banking and Auto shares saw sharp bouts of profit booking as FII sold positions in cash as well as the F&O segment.

Nifty is expected to be volatile till Fed meet on Wednesday night Indian time, which is expected to clear the probable timeframe of the next interest rate hike in the United States.

Nifty Futures is expected to open at 8750 as per SGX Nifty at 8:30 am IST, which is above its previous close of 8742.

Open Interest Index Futures

On 12th September 2016, FII & Pro have sold 480675 shares combined, below average of 705075.

The total for the September expiry from the 26th August is 4962300 shares in Index Futures.

Open Interest Index Options

On 12th September 2016, FII & Pro have sold 11126025 shares combined, above average of 2920650.

The total for the September expiry from the 26th August is 2177625 shares in Index Options.

FII & DII Cash Buy/Sell Activity

Last trading day, FII's have sold Rs. 594 Cr shares and DII have sold shares worth Rs. 13 Cr. Combined, net selling worth Rs. 607 cr was seen.

For the September expiry FII and DII are net buyers worth 2859 Cr.

The combined FII and Pro have seen decrease in long position in Index future and increase in short position in index options. In the cash segment FII and DII combined are net buyers of Rs. 2859 Cr for the September expiry.

Disclaimer:

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.

Dynamic Equities Pvt. Ltd - SEBI Investment Advisory Reg. No.: INA300002022

Nifty To Open in Red, Post Hawkish Stance By Boston Fed

Indian Market Outlook: After a splendid rally last week that pushed Nifty towards 9000 levels, profit booking was seen on the last trading day with both banking as well as IT stocks correcting significantly.

A gap down opening is expected today after the big sell off on S&P Futures on Friday. The American Index fell by 60 points to close at 2120. The support for Nifty is at 8750-8760 and the lower support area is between 8525-8560. FII have started booking profits in both cash and derivative segment which suggests that 8950-9000 will act as a resistance in future also.

Nifty Futures is expected to open at 8767 as per SGX Nifty at 8:30 am IST, which is below its previous close of 8904.

Open Interest Index Futures

On 9th September 2016, FII & Pro have bought 314025 shares combined, below average of 705075.

The total for the September expiry from the 26th August is 5442975 shares in Index Futures.

Open Interest Index Options

On 9th September 2016, FII & Pro have sold 5561700 shares combined, above average of 2920650.

The total for the September expiry from the 26th August is 13303650 shares in Index Options.

FII & DII Cash Buy/Sell Activity

Last trading day, FII's have sold Rs. 315 Cr shares and DII have sold shares worth Rs. 328 Cr. Combined, net selling worth Rs. 644 cr was seen.

For the September expiry FII and DII are net buyers worth 3466 Cr.

The combined FII and Pro have seen increase in long position in Index future and increase in short position in index options. In the cash segment FII and DII combined are net buyers of Rs. 3466 Cr for the September expiry.

Disclaimer:

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.

Dynamic Equities Pvt. Ltd - SEBI Investment Advisory Reg. No.: INA300002022