Special Report
01 –JAN-2019
Global markets at a glance
World Indices
The benchmark S&P 500 stock index ended little changed in a choppy trading session on Tuesday as the possibility of a partial US government shutdown raised investor jitters ahead of a highly anticipated meeting of the Federal Reserve. The Dow Industrials and the Nasdaq posted slight gains, however, as shares of Boeing Co and the group of internet-focused momentum stocks known as FAANG rose.
Index
Value
% Change
DJI
23696
+0.37
S&P500
2506
-1.54
NASDAQ
6584
+0.08
FTSE100
6733
+2.27
20014 25504
-0.31 +0.10
The Dow Jones Industrial Average rose 82.66 points, or 0.35 percent, to 23,675.64, the S&P 500 gained 0.22 point, or 0.01 percent, to 2,546.16 and the Nasdaq Composite added 30.18 points, or 0.45 percent, to 6,783.91.Asian share markets played second fiddle to bonds on Wednesday as a spectacular fall in the price of oil fanned speculation the US Federal Reserve might be done with tightening after its policy meeting later in the day. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.2 percent in hesitant early trade. Japan's Nikkei eased 0.1 percent, while E-Mini futures for the S&P 500 inched up 0.17 percent. PREVIOUS DAY ROUNDOFF Benchmark indices witnessed a lackluster trading session after opening gap up on Monday. The Nifty ended the session absolutely flat down 2 points at 10,857, while Bank Nifty settled 23 points higher at 27,149.The focus in today’s session remained on broader market stocks with the Nifty Midcap 100 and Nifty Smallcap 100 indices closing 0.46% and 0.77% higher, respectively, led by sharp gains in stocks such as Hindustan Construction and Butterfly Gandhimathi Applianceswhich closed 20% higher each.Among the sectoral indices, Nifty Metal was the best performing index ending 1.36% higher. The advance/decline ratio closed in favor of advances at 3:2x. Most major Asian markets were shut on account of New Year celebrations. Nifty & Bank Nifty futures added fresh open interest to the tune of 4.9% and 9.6%, respectively. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[+0.85pts], Consumption[+0.75pts],PSE[+0.76pts],CPSE [+1.11pts],Energy[+0.60pts],FMCG[+0.55pts],Auto [ + 0 .4 3 p t s ], P ha rm a [ +1 . 7 1 pt s ] , IT [ +0 .2 2 p t s ],M e t a l [+0.75pts],Realty[+0.26pts], Fin Serv sector[+0.78pts].
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
JSW Steel
306.75
8.65
2.9
Tata Steel
521.05
8.2
1.6
202.2
2.8
1.4
723.15
9.15
1.28
430.5
5.3
1.25
CMP
Change
% Chg
259 312.5 253.25 137.05 619.9
-4 -4.05 -2.65 -1.15 -5.15
-1.52 -1.28 -1.04 -0.83 -0.82
Vedanta Tech Mahindra Sun Pharma
Top Losers Company
Bharti Infratel Bharti Airtel HPCL IOC Axis Bank
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
53.8
3.6
6.69
1228.1
25.9
2.11
1860.55
-9.8
-0.53
1000
0
0
425.25
31.75
7.47
Prev. Close
Change
%Chg
2.35
0.05
2.13
3.5
0
0
45.15
1.35
2.99
5.45
0.25
4.59
594.4
3.25
0.55
BANG GMMPFAUDLR HINDUNILVR ICICILIQ IRCON
Stocks at 52 Week’s LOW Symbol
ADHUNIK AMTEKAUTO DAMODARIND EASUNREYRL ENIL Indian Indices Company
CMP
Change
% Chg
NIFTY
10862.5
2.60
+0.02
SENSEX
36068.33
-8.39
-0.02
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Special Report
01 –JAN-2019
RECOMMENDATIONS [FUTURE]
STOCK RECOMMENDATION [CASH]
1. JUBILANT FOOD (FUTURE )
JUBILANT FOOD
On Daily chart we have seen that stock near its support level, expectation it will broke its support level. . Fresh Buying we have seen in last trading session . After analysis of derivative data its indicate that traders view is to buy the stock . Our recommendation is also Buy the stock in the range of 1250 target 1260/1270 Sl 1230
On Daily chart we have seen that stock near its support level, expectation it will broke its support level. . Fresh Buying we have seen in last trading session . After analysis of derivative data its indicate that traders view is to buy the stock . Our recommendation is also Buy the stock in the range of 1250 target 1260/1270 Sl 1230
MACRO NEWS
India's retail inflation eased to 2.3 percent in November, according to data released by the government on December 12. It stood at 4.88 percent in November last year and was 3.31 percent in October.Led by deflation in food items, softening crude oil prices and relatively stable domestic currency, the central bank kept key policy rates unchanged last week.
The Cabinet on December 17 approved amending the existing laws to provide legal backing for seeding of biometric ID Aadhaar with mobile numbers and bank accounts as an optional KYC after the Supreme Court barred mandatory use of 12-digit unique identifier by private firms, sources said. The Cabinet headed by Prime Minister Narendra Modi approved amendments to the Telegraph Act and the Prevention of Money Laundering Act (PMLA) after the Supreme Court in September imposed restrictions on the use of Aadhaar by private companies.
Zydus Wellness that already has a strong presence in the sugar substitute market, has expanded its portfolio by launching a new variant Sugar Lite, said Tarun Arora, Chief Operating Officer and Director, Zydus Wellness.
2. BEML [FUTURE] On Daily chart we have seen that stock close above its pivot resistense level . Fresh Buying we have seen in last trading session . After analysis of derivative data its indicate that traders view is to Buy the stock . Our recommendation is also buy the stock in the range of 910 target 915/920 Sl 900
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Special Report
01 –JAN-2019
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
Open Interest
BANKNIFTY
CE
27,500 71.85
3,61,878
7,39,980
BANKNIFTY
CE
27,300 130.15
3,08,644
BANKNIFTY
CE
27,200 176.95
2,75,200
RELIANCE
CE
1,160
25.7
2,506
RELIANCE
CE
1,140
34.7
2,457
RELIANCE
CE
1,200
13.1
1,878
MARUTI
CE
8,000
85.7
1,835
RELIANCE
CE
1,180
18.5
1,360
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST Symbol
Optio Strike n Price Type
BANKNIFTY
PE
27,000
BANKNIFTY
Pfizer: Parent company Pfizer Inc USA and GlaxoSmithKline plc entered into an agreement to create a premier global consumer healthcare company.
TCS: Company launched next-generation private cloud in 4,03,120 Canada. 3,09,780 NIFTY FUTURE In last trading session we have seen the 5,55,000 buying pressure in the market. It form green bullish 7,32,000 candle on daily chart . We expect that upcoming week 6,20,500 from trading prospective is very volatile . Our view on market is bearish ,our recommendation is to sell the nifty 1,12,200 future in the range of 10800 Target 10780/10750/10690 2,82,000 Sl 10700 .Sell on rise strategy follow for trading & positional purpose. 2,83,500
LTP
Traded Volume (Contracts)
Open Interest
101
4,07,042
6,75,920
PE
26,800 48.05
2,06,808
4,87,020
BANKNIFTY
PE
26,900
70
1,89,460
3,19,200
RELIANCE
PE
1,100 19.95
2,949
4,11,500
RELIANCE
PE
1,120 27.45
2,337
2,75,500
RELIANCE
PE
1,080 14.05
1,881
2,64,500
MARUTI
PE
7,200
93
1,366
11,175
RELIANCE
PE
1,060
9.5
1,305
3,46,500
FII DERIVATIVES STATISTICS BUY No. of Contracts
SELL Amount in Crores
OPEN INTEREST AT THE END OF THE DAY
No. of Amount in No. of Contracts Crores Contracts
Amount in Crores
NET AMOUNT
INDEX FUTURES
186636
13921.68
195007
14676.42
443106
34263.28
-754.743
INDEX OPTIONS
2504350
151864.57
2507286
151949.34
904516
67556.53
-84.7702
STOCK FUTURES
561906
32306.16
563425
32578.21
1517487
90480.81
-272.0549
STOCK OPTIONS
121983
7071.84
122239
7080.18
161995
8995.63
-8.3369 -1119.905
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
10950
10906
10879
10835
10809
BANKNIFTY
27365
27262
27183
27081
27002
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Special Report
01 –JAN-2019
RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD ABOVE 31650 TGT 31700/31750 SL BELOW 31550 SELL GOLD BELOW 31450 TGT 31400/31320 SL ABOVE 31530
COMMODITY ROUNDUP Crude prices were lower on Friday, as the Organization of the Petroleum Exporting Countries (OPEC) struggled to come up with an agreement on cutting oil production.West Texas Crude oil futures for January slumped 0.50% to $51.23 a barrel as of 4:54 AM ET (9:54 GMT), after falling nearly 3% on Thursday. Meanwhile Brent crudefutures, the benchmark for oil prices outside the U.S., dipped 0.45% to $59.78.The Thursday session of the OPEC meeting in Vienna ended without any decision on cutting oil supply, as Iran seeks an exemption from any cuts due to U.S. sanctions which have already weighed on its exports. Saudi Arabia’s oil minister Khalid Al Falih said on Friday that he is not confident a deal will be reached.Oil is down 30% since October amid worry over increased supply as global demand slows.Oil output from the world's biggest producers - OPEC, Russia and the United States - has increased by 3.3 million barrels per day (bpd) since the end of 2017, to 56.38 million bpd, meeting almost 60 percent of global consumption.
SILVER TRADING STRATEGY: BUY SILVER ABOVE 38900 TGT 38950/39000 SL BELOW 38750 SELL SILVER BELOW 38500 TGT 38450/38400 SL ABOVE 38600
Pan Pacific Copper (PPC), Japan's top copper smelter, expects the price of the industrial metal to rise toward $7,000 a tonne in 2019, from about $6,168 now, backed by firm global demand and tighter supply, its executive said.PPC, which is also a miner controlled by JXTG Holdings 5020.T , expects global consumption and supply of refined copper to each increase by 2.2 percent in 2019 from this year, Takeshi Suwabe, Pan Pacific's general manager for marketing, told Reuters this week. "With support from physical buyers, copper prices are likely to try $6,400 level in the short term," he said.Three-month copper CMCU3 on the London Metal Exchange has fallen 15 percent this year amid worries that the months-long U.S.Sino trade war may hurt the global economy including China.But Suwabe said global copper sales have been solid despite the trade spat and the price will likely climb toward $7,000 - the level needed for miners to start developing new mines - in the latter part of 2019 to reflect a tighter market Russian energy minister Alexander Novak returned to Vienna on Friday after discussing OPEC with Russian President Vladimir Putin in Moscow. said on Friday Russia would seek an agreement with OPEC and non-OPEC producers and a Russian Energy Ministry source said.
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Special Report
01 –JAN-2019
RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM JAN ABOVE 8390 TARGET 8405/8420/8450 SL 8330 SELL GUARGUM ABOVE JAN 8320 TARGET 8305/8280/8260 SL 8380
NCDEX INDICES Index
Value
% Change
Barley Castor Seed Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT
1918.5 5142 4529 6340 1867 4308
-0.13 -3.73 -3.97 -3.99 -2.09 -2.81
Jeera
17740
-3.04
3983 3343 6604
-1.88 -0.24 -0.67
Mustardseed Soy Bean Turmeric
DHANIYA TRADING STRATEGY: BUY DHANIYA JAN ABOVE 6210 TARGET 6225/6240/6270 SL 6160 SELL DHANIYA JAN ABOVE 6170 TARGET 6155/6140/6110 SL 6230
Despite a reduction in Australian production, world wheat supplies for 2018-19 have increased by 800,000 tonnes, according to the latest US Department of Agriculture world supply report.A bumper Canadian crop and additional Russian carry-over stocks have levelled out the gap in grain production as Australian production suffers the effects of drought.Australia’s wheat exports were lowered by one million tonnes to 10.5 million tonnes, as export prices were expected to remain uncompetitive and domestic grain supplies likely to be consumed as feed, the report said.In comparison, Australian wheat exports in 2017-18 reached 14 million tonnes.The report also scaled back total Australian grain production by 500,000 tonnes to 17 million tonnes for 2018-19.Global ending stocks are raised 1.4 million tons to 268.1 million, primarily on increases for the EU and the United States but are 4 percent lower than last year’s record 279.9 million. Centre has threatened action against exporters because the country may miss the export target of 5 million tonnes by a wide margin.Traders have managed to ship only 179,000 tonnes for the October-December quarter while 80,000 tonnes are at various ports awaiting the loading operation. This would mean the maximum possible exports for the quarter would be 260,000 tonnes, against the total 600,000 tonnes the exporters have contracted for, the report said. The domestic inventory has 10 million tonnes of carryover stocks while an additional 31.5 million tonnes of current year's output is expected. A domestic consumption of 25.5 million tonnes is inadequate to reduce the stocks.India is already facing international heat over what other Sugar exporting nations call market-distorting subsidies causing a global price slump.
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Special Report
01 –JAN-2019
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
70.55 Yen
63.76
Euro
80.66 GBP
89.2425
USD/INR TRADING STRATEGY: USD/INR BUY USDINR NOV ABOVE 70.30 TGT 70.42 72.5 SL 70 SELL USDINR NOV BELOW 70.10 TGT 70 69.8 SL 70.4
GBP/INR TRADING STRATEGY: BUY GBPINR NOV ABOVE 90.6 TGT 90.7 90.8 SL 90.4 SELL GBPINR NOV BELOW 90.4 TGT 90.3 90.2 SL 90.6
The Indian rupee, on Wednesday, opened over 34 paise higher against the US dollar at 70.10 per US dollar. Falling crude oil prices is aiding the rally on Indian currency.The currency further gained strength as it passed 70 per US dollar mark. It touched an intraday low of 69.89 per US dollar.The currency on December 18 rallied by a whopping 112 paise, its best single-day gains in over five years, to settle at 70.44 against the US dollar as softening crude oil prices eased concerns over India's current account deficit expansionBesides, sustained selling of the American currency by exporters and banks as well as the greenback's weakness against its key rivals globally ahead of the US Fed policy decision on December 19 also helped the domestic unit scale further heights. The dollar fell on Wednesday as investors bet that the Federal Reserve would signal plans to slow its pace of interest rate raises at a keenly-watched meeting later in the day.Fed policy makers are widely tipped to raise rates for a fourth time this year but also to express caution about future monetary tightening due to concern about slowing global growth.Expectations of a pause from the Fed amid a U.S.-China trade conflict and global financial market volatility has led some investors to question if the dollar's stellar run will continue into 2019. U.S. President Donald Trump has repeatedly berated the Fed and on Tuesday said in a Tweet it was "incredible" for the central bank to even consider tightening given global economic uncertainties."A hike is still likely, regardless of Trump's displeasure, but there's a very good chance that they will reduce the number of hikes in 2019 to two (from three)," said Kit Juckes, global head of FX strategy at Societe Generale (PA:SOGN).The safe-haven yen and the Swiss franc both strengthened as an overnight plunge in oil prices provided a stark reminder of the dimming prospects for the global economy.The euro was also supported by news that Italy had struck a deal with the European Commission over its contested 2019 budget, signalling an end to weeks of wrangling that had shaken financial markets.
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Special Report
01 –JAN-2019
Date
Commodity/ Currency Pairs
31/12/18
NCDEX DHANIYA
JAN
BUY
6210
31/12/18
NCDEX DHANIYA
JAN
Sell
31/12/18
NCDEX GUARGUM5
JAN
31/12/18
NCDEX GUARGUM5
31/12/18
Contract Strategy
Entry Level
Stop Loss
Remark
6225/6240/62 70
6160
NOT EXECUTED
6170
6155/6140/61 10
6230
NOT EXECUTED
BUY
8390
8405/8420/8/ 450
8330
TARGET HIT
JAN
SELL
8320
8305/8280/82 60
8380
NOT EXECUTED
MCX GOLD
JAN
BUY
31200
31250/31300
31100
NOT EXECUTED
31/12/18
MCX GOLD
JAN
SELL
31000
30950/30900
31200
NOT EXECUTED
31/12/18
MCX SILVER
MAR
BUY
37800
37850/37925
33600
NOT EXECUTED
31/12/18
MCX SILVER
MAR
SELL
37300
37200/37150
37400
NOT EXECUTED
Entry Level
Target
Stop Loss
Remark
Target
Date
Scrip
CASH/ FUTURE/ Strategy OPTION
31/12/18
NIFTY
FUTURE
SELL
10940
10900/10850/ 10820
11000
TARGET HIT
31/12/18
JUBILANT FOOD
FUTURE
BUY
1250
1260/1270
1230
TARGET HIT
31/12/18
BEML
FUTURE
BUY
910
915/920
900
TARGET HIT
31/12/18
JUBILANT FOOD
CASH
BUY
1250
1260/1270
1230
TARGET HIT
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Special Report
01 –JAN-2019
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS TIME (ET)
REPORT
PERIOD
ACTUAL
MEDIAN FORECAST
PREVIOU
A GOVERNMENT SHUTDOWN COULD DELAY THE RELEASE OF SEVERAL INDICATORS THIS WEEK. MONDAY, DEC. 24
8:30 am
Chicago Fed national activity index
Nov.
0.22
--
0.00
Case-Shiller home prices
Oct.
5.5%
--
5.5%
8:30 am
Weekly jobless claims
12/22
217,000
214,000
10 am
Consumer confidence index
Dec.
133.3
135.7
10 am
New home sales*
Nov.
563,000
544,000
-$76.1 bln
-$77.0bln
TUESDAY, DEC. 25
None scheduled Christmas Day WEDNESDAY, DEC. 26
9 am THURSDAY, DEC. 27
FRIDAY, DEC. 28
9:45 am
Markit manufacturing index flash
9:45 8:30 am am
Markit services index flash
Nov.
--
55.7
Nov. Advance trade in goods*
-Nov.
54.8
9:45 am
Chicago PMI
Dec.
--
66.4
10 am
Pending home sales
Nov.
--
-2.6%
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