Friday, 10 March 2017

India Maker will not to cross 9000 level in spot market

DSR Broking - On 8th Mar, the Indian Benchmark Index Nifty traded in a narrow range of 46 points. Nifty opened at 8915, made a low of 8900 and closed at 8927. The immediate support level of Nifty is at 8860 which is its current month low. The resistance level of Nifty is at 8993. 

Bank Nifty too traded in a range of 176 points yesterday, the index made a high of 20780 after making a low of 20604. Bank Nifty closed at 20721, 44 points above its previous day’s close of 20677. 

Small Cap Index, yesterday opened at 6600, made a high of 6635, but could not sustain and closed at 6604 after making a low of 6590. The major resistance level of Small Cap is at 6775, which is its all time high. Nifty Future is opening at 8975 as per SGX Nifty at 8:15 am IST, 19 point above its previous close of 8956.

On 9th Mar, FIIs have bought shares of worth Rs.487.61 crore and DIIs have bought shares of worth Rs.10.98 crore in cash segment . 

In the current month, FIIs and DIIs have a combined net buy figure of 3153.56 crore. Last month FIIs and DIIs were buyers in the market for a total value of 9639.41 crore.
On 9th Mar, FII have sold 8907 contracts in Index Futures which is more than its average daily figure.
PRO have bought 5355 contracts in Index future last day which is above its average figure. Client have bought 2692 contracts in Index Futures which is below average.
On 9th Mar, FIIs have sold 13038 contracts in Index Options and PRO have bought 12073 contracts in Index Options. Client was a net seller of 9444 contracts in Index Options on 9th Mar.

In international markets, S&P500 is trading in a narrow range of 50 points, from 2410 to 2350, ahead of major triggers like Fed Interest Rate, to be announced on wednesday 15th March. It is currently trading at 2367. 
German Index Dax yesterday closed at 11978, maintaining its lackluster movement. 
In its policy decision, European Central Bank's as expected has left the interest rates unchanged and maintained its asset purchase program.The ECB said it stands ready to increase the size or duration of its asset purchase program if the economic outlook becomes less favorable. MSCI Emerging market index has given breakout of its recent low of 926.50, and is currently trading at 921.66. The immediate target for the Index is at 915. The weakening of the index would have adverse effects on emerging market including Indian Markets.

1 comment:

  1. hi,this is excellent information..we provide by very easy learning good information.

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