FII's Have Built Short Positions, Might Drag Market Further Down

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1 Indian Market Outlook: Tuesday, June 27, 2017 FII's Have Built Short Positions, Might Drag Market Further Down On Tuesday 27 th June,the Indian Benchmark Index Nifty fell 142 points from day s high. Nifty opened at 9594, made a high of 9615 and closed at 9511 after making a low of Ahead of GST implementation, investors remained cautious and booked profits in Cash market. The Small Cap Index corrected 350 points in last three trading sessions and closed at 7191 after making a low of The Banking shares gave correction last day, as the Reserve Bank of India asked banks to make higher provisioning on 12 large loan accounts. Bank Nifty fell allmost 730 points in two trading sessions and closed at after making a low of Nifty to open gap down by 25 points at 9489 against yesterdays close of as per SGX Nifty. CASH SEGMENT FII AND DII ACTIVITY DATES FII DII FII+DII 27-Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun May May May May May On 27 th Jun 2017, FII bought Rs Crore in cash segment. DII sold Rs Crore. In combined FII and DII have a net buy figure of Rs Crore.

2 OPEN INTEREST IN INDEX FUTURES In last 10 days FII and Pro have combined Buy position of contracts in Index Future. It is expected that Future data does not have major significance in identifying market direction. Thus we recommend to check Option combined data. FII PRO CLIENT DII Nifty Bank Nifty Date Futures Futures Futures Futures Close Close Last 1 Year Average Expiry Position Day' Net Position (A-B) Jun-17(A) Jun Jun Jun Jun Jun Jun Jun Jun Jun-17(B) Jun Jun Jun Jun Jun Jun Jun Jun May May May May May

3 OPEN INTEREST IN INDEX OPTIONS In last 10 days FII and Pro has created net sell position in Index Option for 2,78,758 contracts and Nifty has fell by 96 points in last 10days. Highlighted cells are day s in which more than average positions has been made. Date FII PRO FII+PRO CLI DII Options (FII) Options (PRO) Combined Position Options (CLI) Options (DII) Nifty Close Bank Nifty Close Average(ADM) Expiry Position Day' Net Position (A-B) Jun-17(A) Jun Jun Jun Jun Jun Jun Jun Jun Jun-17(B) Jun Jun Jun Jun Jun Jun Jun Jun May May May May May

4 America Europe Asia INTERNATIONAL MARKET UPDATE Index Country LTP Developed Markets 1Day % Change S&P 500 Futures US % Dow Jones Industrial Average US % DAX Futures Germany % Euro Stoxx 50 Futures Eurozone % CAC 40 Futures Paris % FTSE 100 Futures London % Nikkei 225 Futures Japan % S&P/ASX 200 Futures Australia % Emerging Markets America ibovespa Futures Brazil % Hang Seng Futures China % SET Index Thailand % KOSPI 200 Korea % MSCI Emerging Markets Singapore % INTERNATIONAL MARKET MORNING UPDATE International markets witnessed sell off after International Monetary Fund lowered its outlook for U.S. economic growth.the IMF lowered its forecast for GDP growth this year to 2.1 percent from 2.3 percent. S&P500 yesterday fell almost 20 points in a single day from 2437 to 2417 and is currently trading at German Index Dax yesterday closed at 12577, recently the Index made a high of MSCI EMERGING MARKETS Index is trading at 1009, recently the Index made a high of 1023.

5 FUNDAMENTALLY GOOD STOCKS AT CORRECTION Full name SECTOR LTP 24-May-17 Recent_High Correction GOA CARBON METALS AND MINING % 269 8% RANE HOLDINGS AUTO & TYRES & ANCL % % SHARDA MOTOR INDUSTRIES AUTO & TYRES & ANCL % % PHILLIPS CARBON BLACK CHEMICALS % % VISAKA INDUSTRIES CEMENTS % % SIMPLEX INFRASTRUCTURES INFRA-CONSTRUCTION % % ENGINEERING AND MATERIALS GANESHA ECOSPHERE TEXTILES AND APPAREL % 370 2% IIFL HOLDINGS FINANCIAL SERVICES % 630 7% GABRIEL INDIA AUTO & TYRES & ANCL % 165 7% JAIN IRRIGATION SYSTEMS MACHINERY EQUIPMENT % 111 5% INDIAN HUME PIPE COMPANY INFRA-CONSTRUCTION % 547 8% ENGINEERING AND MATERIALS TATA ELXSI IT % % MUNJAL AUTO INDUSTRIES AUTO & TYRES & ANCL % 140 9% TIME TECHNOPLAST PACKAGING % % INDIAN METALS & FERRO ALLOY METALS AND MINING % 475 0% SHIPPING CORPORATION OF INDIA TRANSPORTATION LOGISTICS 80 18% 92 12% SIYARAM SILK MILLS TEXTILES AND APPAREL % % SUNDRAM FASTENERS AUTO & TYRES & ANCL % 469 6% NIIT TECHNOLOGIES IT % 595 5% KPR MILL TEXTILES AND APPAREL % 884 5% MUTHOOT FINANCE GOLD & JEWELLERY % 482 7% JAMNA AUTO INDUSTRIES AUTO & TYRES & ANCL % 281 9% LAKSHMI MACHINE WORKS MACHINERY EQUIPMENT % % REPCO HOME FINANCE FINANCIAL SERVICES % 924 9% TALWALKARS BETTER VALUE MACHINERY EQUIPMENT % 320 8% FITNESS West Coast Paper Mills Limited PAPER % 211 8% UFLEX PACKAGING % 405 5% AARTI INDUSTRIES CHEMICALS % % LIC HOUSING FINANCE FINANCIAL SERVICES % 794 5% GIC HOUSING FINANCE FINANCIAL SERVICES % 623 9% COROMANDEL INTERNATIONAL FERTILISERS % 445 4% NAVNEET EDUCATION PAPER % 194 8% TATA METALIKS METALS AND MINING % 759 7% HIMATSINGKA SEIDE TEXTILES AND APPAREL % 384 8% RELIANCE INDUSTRIES ENERGY-OIL & GAS % % LG BALAKRISHNAN & BROS AUTO & TYRES & ANCL % 815 5%

6 Sector Performance from 24 th May On 24 th May Small Cap made low of 6904 and is currently trading at Thus Sector Performance from 24 th May Low becomes very important. Major Sector Performance Major Sector 24-May-17 Yesterday's Movt FINANCIAL SERVICES 10.74% -1.48% AUTO & TYRES & ANCL 10.18% -1.82% CEMENTS 8.25% -2.52% TEXTILES AND APPAREL 7.67% -1.89% MACHINERY EQUIPMENT 7.46% -1.18% METALS AND MINING 7.33% -1.08% TRANSPORTATION LOGISTICS 7.26% -1.55% INFRA-CONSTRUCTION ENGINEERING AND MATERIALS 7.20% -1.78% REALTY-HOUSEHOLD 6.52% -1.21% FMCG AND BEVERAGES 6.01% -0.81% CHEMICALS 5.92% -1.34% REALTY 5.68% -1.63% FMCG-FOOD 4.85% -1.17% IT 3.83% -0.94% AUTOMOBILES 3.62% -1.17% INFRA-POWER 2.97% -0.64% PHARMA 1.16% -0.58% BANKS-PRIVATE AND PSU 1.09% -2.19% ENERGY-OIL & GAS -2.33% -0.74% Minor Sector Performance Minor Sector 24-May-17 Yesterday's Movt AIRLINES 29.82% -2.67% FILMS 10.33% -2.49% GOLD & JEWELLERY 9.61% -1.55% DEFENCE 9.22% -2.24% HOTELS AND LEISURE 8.53% -1.63% PACKAGING 5.24% -0.64% FERTILISERS 3.91% -1.70% ETF 3.79% -0.83% FOOTWEAR 3.44% -1.25% TELECOM 2.12% -0.77% PAPER 0.70% -1.57% MEDIA-TV AND NEWSPAPER -0.26% -0.75% SUGAR -4.50% -2.75%

7 Major Index Performance Benchmarks Last % Change Prev. High Prev. Low Nifty % Nifty 50 Futures % Bank NIFTY Futures % NIFTY Free Float Smallcap % India Vix % USD/INR % Major Indices Last % Change Prev. High Prev. Low Nifty Pharma % Nifty FMCG % Nifty IT % Nifty Energy % Nifty Private Bank % Nifty Infrastructure % Nifty Metal % Nifty Financial Services % Nifty PSE % Nifty Media % Nifty Realty % Nifty Auto % Nifty PSU Bank % 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.: INA Disclosure Dynamic Equities Pvt. Ltd. is a member of NSE, BSE, MCX SX and a DP with NSDL & CDSL. It is also engaged in Investment Advisory Services and Portfolio Management Services. Dynamic Commodities Pvt. Ltd., associate company, is a member of MCX & NCDEX. We declare that our activities were neither suspended nor we have defaulted with any stock exchange authority with whom we are registered. SEBI, Exchanges and Depositories have conducted the routine inspection and based on their observations have issued advise letters or levied minor penalty on for certain operational deviations. Answers to the Best of our knowledge and belief of Dynamic/ its Associates/ Research Analyst: DYNAMIC/its Associates/ Research Analyst/ his Relative: Do not have any financial interest / any actual/beneficial ownership in the subject company. Do not have any other material conflict of interest at the time of publication of the research report Have not received any compensation from the subject company in the past twelve months Have not managed or co-managed public offering of securities for the subject company. Have not received any compensation for brokerage services or any products / services or any compensation or other benefits from the subject company, nor engaged in market making activity for the subject company Have not served as an officer, director or employee of the subject company Report Prepared By: Vikash Kandoi - NISM