Special Report 01-Aug-2018
Global markets at a glance US stocks rebounded on Tuesday, boosted by gains in industrial shares following reports of renewed trade negotiations between the United States and China.Both the S&P 500 and the Dow Jones Industrial Average posted their biggest monthly percentage gains since January, when markets hit peak levels.The markets were buoyed by a Bloomberg report that US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He are exploring ways to cool down the tariff war brewing between the world's two largest economies.Asian shares rose on Wednesday, following gains on Wall Street, as a report of attempts to renew talks between the United States and China eased trade war fears, but investors will be keeping a close eye on data due today.Global markets inched higher on Tuesday, helped by a Bloomberg report that the US and China were seeking to resume trade talks to defuse the battle over import tariffs.Bloomberg report that the US plans higher tariffs on USD 200 billion in Chinese imports underscored the volatility of US-China trade relations. In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1 percent in early trade, while Japan's Nikkei stock index gained 0.5 percent. S&P E-mini futures were up a hair at 2818. Tech shares across the region may get a boost after Apple Inc. beat Wall Street expectations for its quarterly results thanks to robust sales of its top-ofthe-line iPhone X.. The company's shares rose 3.4 percent to USD 196.80 in after-hours trade. Previous day Roundup After opening lower the Nifty50 traded in a negative territory amid consolidation. The index managed to recoup losses in the last hour of trade to end at record closing high for the fourth consecutive session Tuesday as investors eyed the monetary policy committee's rate decision on August 1. The index formed bullish candle on the daily charts, which also resembles a 'Hanging Man' kind of pattern on the daily charts. The 50-share NSE Nifty opened lower at 11,311.05 and hit an intraday low of 11,267.75, but it managed to recoup morning losses in the last hour of trade and touched an intraday all-time high of 11,366. The index closed 37 points higher at 11,356.50. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[11.90pts], Consumption[54.25pts],PSE[-7.75pts],CPSE [10.55pts],Energy[238.70pts],FMCG[170.65pts],Auto [48.70 pts],Pharma[63.85pts],IT[167 .25pts],Metal [14.80pts],Realty[4.50 pts], Fin Serv sector[-75.95pts].
World Indices Index
Value
% Change
25,415.19
0.43
S&P500
2,815.75
-0.04
NASDAQ FTSE100
7,261.75 7,748.76
0.54
22,706.90 28,576.41
0.68 -0.03
DJI
NIKKEI HANG SENG
0.62
Top Gainers Company
CMP
Change
% Chg
680.75
25.30
3.86
Reliance
1,186.00
34.60
3.01
Dr Reddys Labs
2,127.80
60.60
2.93
Hero Motocorp
3,294.45
84.50
2.63
HUL
1,731.65
42.95
2.5
CMP
Change
% Chg
54.85 550.40 27,798.55 1,994.85
-3.55 -19.25 -796.10 -33.90
-6.08 -3.38 -2.78 -1.67
389.75
-6.00
-1.54
Tech Mahindra
Top Losers Company
Idea Cellular Axis Bank Eicher Motors HDFC BPCL
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
57.55
2.85
4.95
690
9
1.3
BHARATFIN
1198.95
19.8
1.65
BHARATRAS
7345.8
232.2
3.16
BOROSIL
1182.3
25.7
2.17
ADANIGREEN BANDHANBNK
Stocks at 52 Week’s LOW Symbol
ALCHEM ANKITMETAL DBCORP DIAPOWER DUCON
Prev. Close
Change
%Chg
5.6 0.6 245.95 1.95 18.5
0.25 0.05 -11.05 0.05 0.2
4.46 9.09 -4.49 2.56 1.08
Indian Indices Company
CMP
Change
% Chg
NIFTY
11356.50
37.00
0.33
SENSEX
37606.58
112.18
0.30
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Special Report 01-Aug-2018
RECOMMENDATIONS [FUTURE] 1.JSWSTEEL [FUTURE ] In the earlier trading session this stock surged 1.45% with good strength and today it can also contunue its movement, this particular counter has a resistance level of 329.50 above this a chance of breakout can be grabbed, so we advice to buy jswsteel future around the levels of 330-331 for the targets of 335-340 with a stoploss below of 328.
2.PTC [FUTURE]
From the daily chart its clear that the particular script is moving in a continuos uptrend and has got a support at its important level of 78.60, it had closed above its previous resistance level of 79.70 today if the market shows strength then it is surly a buy so we advice to make a long position in ptc future around 79-79.30 tgt 85-90 sl below 76.
STOCK RECOMMENDATION [CASH] PIDILITIND [CASH] The particular conter is getting a rejection from its crucial resistance level around 1137, even due to the bullish market it is unable to sustain above this level, in the earlier trading session a indecision candle can be found which is a clear sign of reversal so we advice to sell pidilitind around 1123-1120 tgt 1100-1080 sl above 1135.
MACRO NEW Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 22.5 points or 0.2 percent. Nifty futures were trading around 11,399.50level on the Singaporean Exchange. The Trump administration plans to propose slapping a 25-percent tariff on USD 200 billion of imported Chinese goods after initially setting them at 10 percent, a source familiar with the plan said on Tuesday. President Donald Trump’s administration said on July 10 it would seek to impose the 10-percent tariffs on thousands of Chinese imports, ranging from food products and furniture to chemicals, steel and aluminum.While the tariffs would not be imposed until after a period of public comment, raising the proposed level to 25 percent could escalate the trade dispute between the world’s two biggest economies. The Federal Reserve began a two-day meeting on monetary policy. Investors are monitoring the Federal Open Market Committee's (FOMC) summer meeting. A policy decision is set to be announced later in the day which should reveal whether the Fed decides to change its stance in August. Oil prices fell on Wednesday after industry data showed US stockpiles of crude unexpectedly rose, starting the new month in negative territory after the largest monthly decline in two years in July.
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Special Report 01-Aug-2018
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
Open Interest
Tejas Network - Algeria's ICOSNET selects Tejas Optical Products for Global Connectivity
BASF India: Q1 profit jumps to Rs 24.4 crore versus Rs 0.7 crore; revenue increases 7.7 percent to Rs 1,627 crore versus Rs 1,510 crore (YoY).
NIFTY
CE
11,500
70
82,182
28,06,800
NIFTY
CE
11,400 111.95
78,321
22,10,775 NIFTY FUTURE
NIFTY
CE
11,300 164.85
68,702
18,16,725
BANKNIFTY
CE
27,600 275.55
68,324
1,99,760
RELIANCE
CE
1,200
14
9,654
20,87,000
RELIANCE
CE
1,160
28
8,248
16,70,000
ICICIBANK
CE
310
8.6
7,710
21,83,500
ICICIBANK
CE
300
14
7,325
53,37,750
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST Symbol
Optio Strike n Price Type
LTP
2,83,500
Traded Volume (Contracts)
Open Interest
BANKNIFTY
PE
27,500 44.15
2,10,080
8,85,080
BANKNIFTY
PE
27,600
62
1,64,272
6,78,600
BANKNIFTY
PE
27,400 32.45
1,56,976
6,39,040
BANKNIFTY
PE
27,300
24
1,24,406
5,56,680
RELIANCE
PE
1,100
11.3
6,323
22,06,000
ICICIBANK
PE
280
2.55
5,677
60,19,750
ICICIBANK
PE
290
4.1
5,654
36,08,000
RELIANCE
PE
1,120
16.3
5,622
14,69,000
The index formed bullish candle on the daily charts, which also resembles a 'Hanging Man' kind of pattern on the daily charts.The 50-share NSE Nifty opened lower at 11,311.05 and hit an intraday low of 11,267.75, but it managed to recoup morning losses in the last hour of trade and touched an intraday all-time high of 11,366. The index closed 37 points higher at 11,356.50. India VIX dropped 1.25 percent to 12.43. Overall lower volatility suggests bulls are holding the tight grip on the market here we advice to buy on decline buy around 11280-90 with stop loss of 11200 for the target of 11400-11600.
FII DERIVATIVES STATISTICS BUY
SELL
No. of Contracts
Amount in Crores
INDEX FUTURES
29620
2629.18
21064
1917.62
INDEX OPTIONS
353166
33489.38
355714
STOCK FUTURES
192125
12830.53
STOCK OPTIONS
84389
6203.95
OPEN INTEREST AT THE END OF THE DAY
No. of Amount in No. of Contracts Crores Contracts
Amount in Crores
NET AMOUNT
230434
19823.73
711.5602
33686.60
538685
46827.41
-197.2175
182325
12173.26
1052268
76744.28
657.2716
82458
6079.48
49130
3675.08
124.466 1296.0803
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
11428.00
11392.00
11329.00
11293.00
11230.00
BANKNIFTY
27939.00
27851.00
27751.00
27663.00
27563.00
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Special Report 01-Aug-2018
RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD AUG FUT ABOVE 29750 TGT 29850 30000 SL BELOW 29650 SELL GOLD AUG FUT BELOW 29680 TGT 29580 29380 SL ABOVE 29780
SILVER TRADING STRATEGY: BUY SILVER SEP FUT ABOVE 38500 TGT 38700 39000 SL BELOW 38300 SELL SILVER SEP FUT BELOW 38200 TGT 38000 37700 SL ABOVE 38400
COMMODITY ROUNDUP Gold is widely advocated by financial analysts as one of the major safe harbors for worried investors as the world has to move from an international monetary system dominated by the US dollar to a multi-polar currency system.Gold will remain a crucial component of diversified portfolios, as a hedge against potential corrections across asset classes. It is liquid and has neither credit nor default risk. The inescapable conclusion is that the only viable alternative asset for official reserves is physical gold, as it alone has the requisite liquidity, correlation characteristics, and trust. Central banks seeking true risk diversification or insurance, therefore, should increase their gold holdings.Gold is almost never a ‘buy’ when it is both loved by the gold “community” and the cyclical backdrop is positive. It is almost always a ‘buy’ when it is hated by the gold “community” and the cyclical backdrop is counter, bleak and/or not inflationary.Data from the Commodity Futures Trading Commission showed speculators significantly expanded net short positions — bets the price will fall — to 26,400 contracts in the week to July 17, not far off the late 2015 record high. Extreme positioning is often seen as a contrarian indicator. Speculative market participants often behave in a very cyclical fashion, and in the past such extreme positioning has frequently been an indicator of a pronounced counter-movement in the near future. Very negative market positioning at the end of 2015 was followed by a surge in the gold price of roughly $300 in the first half of 2016. Oil prices rose for a second day on Wednesday after industry group data showed U.S. crude inventories fell more than expected last week, easing worries about oversupply that had dragged on markets in recent sessions.Brent crude LCOc1 was up 29 cents, or 0.4 percent, at $73.73 a barrel by 0035 GMT. The global benchmark settled 38 cents higher at $73.44 a barrel on Tuesday, after climbing as high as $74.U.S. West Texas Intermediate CLc1 rose 22 cents, or 0.3 percent, to $68.74, having settled the previous session up 63 cents, or nearly 1 percent.Reports that China will increase infrastructure spending also helped reduce concerns that U.S.-China trade tensions will dent the country's demand for oil. crude and fuel stockpiles dropped more than expected last week, industry group the American Petroleum Institute said on Tuesday.Crude inventories fell by 3.2 million barrels in the week to July 20 to 407.6 million barrels, compared with analyst expectations for a decrease of 2.3 million barrels.Distillate fuels stockpiles, which include diesel and heating oil, fell by 1.3 million barrels, compared with expectations for a 207,000-barrel gain.
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Special Report 01-Aug-2018
RECOMMENDATIONS GUARGUM5 BUY GUARGUM OCT FUT ABOVE 9750 TGT 9830 9930 SL BELOW 9680 SELL GUARGUM OCT FUT BELOW 9650 TGT 9580 9480 SL ABOVE 9730
NCDEX INDICES Index
Value
% Change
Barley Castor Seed Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT
1609.5 4656 4229 5091 1827 4460
-0.06 0.28 1.39 -2.13 -1.93 2.42
Jeera
20200
-0.37
4165 3390 7264
-0.45 0.92 -1.52
Mustardseed Soy Bean Turmeric
USDA forecasts that China's soybean imports will increase to 100.5 MMT in MY18/19 from the estimated 97 MMT in MY17/18. This forecast, is 2.5 MMT lower than USDA's June forecast. Due to the combination of the moderate increase in domestic soybean production, together with the slowdown in growth of soybean meal use, a net growth of 3.5 MMT of soybean imports in MY18/19 is expected to meet the Chinese demand growth for protein meals. DHANIYA BUY DHANIYA AUG FUT ABOVE 5120 TGT 5170 5270 SL BELOW 5070 SELL DHANIYA AUG FUT BELOW 5070 TGT 5000 4900 SL ABOVE 5120
U.S. soybean exports to China continue to face strong competition from soybean exports from South America. Excessive soybean stocks and a fall in the soybean price in Brazil attributed to the 14.2 MMT of Brazilian soybean exports to China in the first half of MY17/18. This is significantly higher than the 5.2 MMT during the same period in MY16/17. Despite China's net growth of over 2 MMT of soybean imports in the first half of MY17/18, total soybean imports from the United States fell to 24.4 MMT in this period, down from the 31.6 MMT in the previous year. Chinese importers note that Brazilian soybeans have a one percent higher protein content than U.S. soybeans. Importers were previously willing to pay a slightly higher price for soybeans with a higher protein content, but with the drop in the price of Brazilian soybeans, exports are now surging As per official data, Ukraine supplied some 1 MMT of wheat to foreign markets in May 2017/18. This was down 10% from April (1.1 MMT) but up 2% from May 2016/17 (986.8 KMT). In July-May 2017/18, wheat exports totaled 16.3 MMT, or 3% less than in the same period in MY 2016/17. Ukrainian wheat shipments to the European Union and Indonesia grew substantially in the current season. In the period under review, exports to Indonesia increased to 2.1 MMT that was 31% more than in the whole of MY 2016/17.
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Special Report 01-Aug-2018
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
68.7775 Yen
61.8075
Euro
80.8600 GBP
90.6275
USD/INR BUY USDINR ABOVE 69.00 TGT 69.30/69.60 SL BELOW 68.70 SELL USDINR BELOW 68.50 TGT 68.20/67.90 SL ABOVE 68.80
GBP/INR BUY GBPINR ABOVE 90.80 TGT 91.10/91.30 SL BELOW 90.50 SELL GBPINR BELOW 90.30 TGT 90.00/89.70 SL ABOVE 90.60
The rupee retreated from early high levels to close down with a modest loss of 2 paise at 68.86 against the US currency on stray dollar demand from importers. The home currency initially reacted positively to the GST Council's decision to cut rates on several items and also tracking broad weakness in the dollar. It touched a high of 68.65 in early trade before slipping back toward the tail-end trade. Consistent unwinding by foreign investors on growing expectations of Fed rate hike kept home currency under pressure, a dealer said. Overall, forex sentiment remained fragile in the face macro challenges coupled with tense trade relations between the US and major economies and expectations that the Federal Reserve will raise interest rates further this year. The Indian rupee had hit its life-time low of 69.13 a dollar last Friday. Oil prices too inched up today after tensions worsened between Iran and the US. The Brent crude rising 66 cents to USD 73.73 per barrel and West Texas Intermediate gaining 27 cents to USD 68.53 per barrel. Foreign investors remained net investors in stock markets as they bought equities worth Rs 259 crore on net basis today. Domestic bourses maintained their bullish momentum for the second-straight session with the flagship BSE Sensex ending at a historic closing high driven by optimistic corporate earnings as well as strong buying from investors. The rupee resumed higher at 68.70 against weekend close of 68.84 at the Interbank Foreign Exchange (forex) market on increased selling of the American currency by exporters and banks. The local currency dropped to a low of 68.87 before settling at 68.86, showing a loss of 2 paise. The Financial Benchmarks India private limited (FBIL), meanwhile, fixed the reference rate for the dollar at 68.7040 and for the euro at 80.5619. The bond market also witnessed fresh selling and the 10-year benchmark yield end at higher at 7.81 per cent. The bond market also witnessed fresh selling and the 10-year benchmark yield end at higher at 7.81 per cent. In the cross currency trade, the rupee continued to lose ground against the pound sterling to finish at 90.50 per pound from 89.80 and dropped against the euro to end at 80.68 as compared to 80.25. It also slumped further against the Japanse yen to close at 62.00 per 100 yens from 61.26 earlier.
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Special Report 01-Aug-2018
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS TIME (ET)
REPORT
PERIOD
ACTUAL
FORECAST
PREVIOUS
MONDAY, AUG. 6 11 am
Survey of consumer expectations
July TUESDAY, AUG. 7
10 am
Job openings
June
6.6 mln
3 pm
Consumer credit
June
$25 bln
WEDNESDAY, AUG. 8 None scheduled THURSDAY, AUG. 9
THURSDAY, AUG. 9
THURSDA Y, AUG. 9
THURSDAY, AUG. 9
THURSDAY, AUG. 9
THURSDAY, AUG. 9
8:30 am 8:30 am
Producer price index
July
0.3%
10 am
Wholesale inventories
June
0.6%
FRIDAY, AUG. 10
FRIDAY, AUG. 10
FRIDAY, AUG. 10
8:30 am
Consumer price index
July
FRIDAY, AUG. 10
FRIDAY, AUG. 10
FRIDAY, AUG. 10 0.1%
8:30 am 2 pm
Federal budget
8:30 am
Gross domestic product
July Q2 Disclaimer
4.0%
2.0%
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