TIPS AND DATA FOR 16 DECEMBER 2016 GOOD FRIDAY :)

Market Update:
Sgx Nifty -24 pts
‎Dow +59.71 pts ,Nsdq +20.18 pts , S&P +8.75 pts , Bovespa +184 pts , Ftse +49 pts , Dax +121 pts  , Cac +49 pts , Nikkei  +91 pts now , Crude @ $51.56 brl (+0.26 ), Brent @ $54.02 brl (+0.12) , Gold @ $1129.90 (+0.10), Silver @ $16.04 (+0.07), Euro @ $1.0418, JPY @ $118.2100, INR @ $67.8350

Today's Corporate Action
16th Dec  Ex Date

None‎

Today's Data Alert

Dec 16: Month-long Winter Session of Parliament to end.

Dec 16: 14-day variable rate term repo for 210 bln rupees. Bids to be
submitted between 1100 and 1130 IST.

Ø  Fed raises rates for 2nd time since Great Recession

Ø  Back-dated FDs may be behind huge deposits by co-operative banks: Taxmen

Ø  India Inc's overseas investment plunges 71% in Nov

Ø  NTPC to replace 25 year old power plants in 5 years

Ø  NSE to file DRHP for IPO by Dec 20: chairman

Ø  CBDT warns of penal action if I-T returns are 'drastically' changed

Ø  V K Sharma appointed LIC chief for 5 years

Ø  Mistry claims 78% retail investors opposed his removal

Ø  RBI unwilling to cede control over payments regulations

Ø   Trump appoints PepsiCo CEO Indra Nooyi to strategic, policy forum

Ø  CDSL to file IPO documents this month

Ø  DoT issues demand-cum-show notices to six telcos for Rs 29k cr

Ø  Commodity blow for Corporate India

Ø  Steel units want lifting of embargo on day movement of iron ore

Ø  Reliance Jio brings Pokemon GO to India

Ø  Govt trying to implement GST from April 1: Rajnath

Ø  Domestic shareholders pare, FIIs add, stake in NSE 

Ø  Delhi HC to hear pleas against demonetisation on Dec 22

Ø  India is expected to outshine its EM peers, says Karvy wealth report 

Ø  JPC on land acquisition Bill gets eighth extension 

Ø  Wipro splits its India-Middle East business in two

Ø  Start-up can forecast GDP by using satellite images of night lights

Ø  Organic growth much cheaper than acquisitions: Shree Cement’s Hari Mohan Bangur

Ø  99% Indian households are covered by a bank account

Ø  MS will soon release an AI translation app for Windows

Ø  US economic growth has picked up since the middle of the year: Janet Yellen

Ø  Cabinet approves Major Port Authorities Bill, 2016

Ø  Welspun to set up Rs 600cr flooring solutions plant in Gujarat

Ø  PM Narendra Modi reviews note ban, discusses ways of digitisation

Ø  Big petrol price hike on cards

Ø  Green power gets payment security

Ø  US envoy hails ties with India

Ø  Life insurers see 42% premium growth

Ø  Banks spared another liquidity rush

Ø  S&P: Reserve Bank credibility hurt by demonetisation

Sensex (26519) / Nifty (8154)
 

Yesterday’s gap down opening was mainly a kneejerk reaction to
the Fed’s outcome of raising key interest rates by 25 bps. As a
result, the US Dollar index shot up to 14-year high. However, the
Fed’s move was quite on expected lines and thus, we witnessed a
v-shaped recovery in our market in the initial trades.
During the remaining part of the day, we witnessed immense
volatility in the market due to which we saw wild swings on both
sides in a range of 8220 – 8150. The Nifty eventually closed
inside the negative territory; however, the outlook for the
forthcoming session remains positive as the ‘Higher Top Higher
Bottom’ formed on daily chart is still intact. In addition, the ‘RSISmoothened’
oscillator is placed around the 40 mark. Any uptick
in this indicator may result into a decent up move. Now, intraday
supports for Friday’s session are seen at 8121 – 8077; whereas,
a breakout beyond 8226 would lead to strong rally in the upward
direction.
 

Key Levels
Support 1 – 8121 Resistance 1 – 8226
Support 2 – 8077 Resistance 2 – 8275

Views

 Yesterday, FIIs were net seller in both cash market and index futures segment. They sold equities worth Rs. 612 crores. While in index futures, they were net sellers to the tune of Rs. 1520 crores with good amount of fall in open interest, suggesting long unwinding took place in previous trading session.

 In Index options segment, FIIs were net buyers worth Rs. 910 crores with rise in open interest. In call options, 8300-8400 strikes added some fresh positions. While, in put options, we hardly witnessed any relevant build-up. Highest OI in current series is placed at 8300 call and 8000 put option.  Yesterday, FIIs unwounded good amount of their longs in Index Futures. However, decent amount of their long positions in index futures formed in last week are still intact. Since, strong support for the index is placed at 8100-8150, intraday dips should be used as buying opportunity. Thus, traders are advised to trade with positive bias.