Special Report 02-Nov-2018
Global markets at a glance Asian equity markets rose on Friday as China and the United States expressed optimism about resolving their bruising trade war, though a warning from tech giant Apple Inc on holiday sales amid emerging market weakness could weigh on technology shares. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.46 percent, adding to the previous session's strong gains. But that came after a sharp 10.3 percent dive in October, its worst month since August 2015.Australian shares were down 0.18 percent, while Japan's Nikkei stock index was up 1.27 percent. The improved mood in early Asian trade followed a rise in US shares overnight, with the Dow Jones Industrial Average and the S&P 500 each gaining 1.06 percent while the Nasdaq Composite rallied 1.75 percent. PREVIOUS DAY ROUNDOFF Benchmark indices started off November month on a flat note on Thursday after losing around 5 percent in previous month. It was a roller coaster ride for the market amid mixed quarterly earnings and October sales. The broader markets outperformed frontliners with Nifty Midcap index gaining 0.87 percent. The Nifty index after opening sharply higher at 10,441.70, which was also the intraday high, traded in a tight range of 70 points throughout the session. It touched a day's low of 10,341.90, before closing 6.10 points lower at 10,380.50. The index made small bearish candle on daily charts, which resembles a 'Bearish Belt Hold' kind of pattern. According to Pivot charts, the key support level is placed at 10,334.3, followed by 10,288.1. If the index starts moving upwards, key resistance levels to watch out are 10,434.3 and then 10,488.1. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[19.25pts], Consumption[52.85pts],PSE[22.40pts],CPSE [+8.00pts],Energy[92.85pts],FMCG[275.80pts],Auto [75.95pts],Pharma[222.20pts],IT[584.25pts],Metal[ 36.10pts],Realty[1.40 pts], Fin Serv sector[241.30pts].
World Indices Index
Value
% Change
DJIA
25380.74
1.06
S&P500
2,658.69
-1.73
NASDAQ FTSE100
7434.06 7,026.32
1.72
NIKKEI HANG SENG
21,818 26026
0.60 2.34
CMP
Change
1.32
Top Gainers Company
% Chg
Yes Bank
204.05
15.95
8.48
Hindalco
231.25
10.85
4.92
695.9
21.55
3.2
Axis Bank
602.15
19.75
3.39
BPCL
283.45
8.35
3.04
UPL
Top Losers Company
HCL Tech Dr Reddys Labs Tech Mahindra Bharti Infratel
CMP
Change
% Chg
1,008.90 2,461.60 720.7 261.2
-46.7 -80.85 -23.2 -8.05
-4.42 -3.18 -3.12 -2.99
666.7
-19.7
-2.87
Infosys
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
ADANIPOWER
46.1
9.44
4.35
BLUECHIP
0.65
7.69
0.05
IDFNIFTYET
107.47
0.11
0.12
KSB
800.25
-1.03
-8.25
LIQUIDETF
999.99
0
0.01
Stocks at 52 Week’s LOW Symbol
Prev. Close Change
%Chg
21STCENMGM 8KMILES ADHUNIKIND AGARIND AIFL
22.7 68.3 43.25 187.7 83.65
1.76 -3.66 -2.2 -0.93 -4.96
0.4 -2.5 -0.95 -1.75 -4.15
Indian Indices Company
CMP
Change
% Chg
Nifty 50
10380.50
-6.10
-0.06
BSE Sensex
34431.97
-10.08
-0.03
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Special Report 02-Nov-2018
RECOMMENDATIONS [FUTURE] 1.Escort[FUTURE] Stock has shown consolidation from the bottom of the chart with good volumes. It form double bottom pattern daily chart. As per the last candle it has made a breakout and closed above its crucial resistance level of 657 so we advice to buy stock in the range of 663-665 for the targets of 675682-689 with stoploss below 659.
2 .Titan[FUTURE] A clear consolidation can be seen around the levels of 859860 as per the market strength the traders can get opportunity to enter in this counter and as per the daily chart it has made a double bottom breakout and as per the trend it may continue its movement today also so we you to buy titan future around 860 for the targets of 867/875/883 with stoploss below 754
STOCK RECOMMENDATION [CASH] Jindal Steel & Power - [CASH] Stock has shown consolidation from the bottom of the chart with good volumes. It made multiple times reversals around these levels 179 and 150 and shown bounce back from there now its near to make a breakout above 180,so we recommend you to buy around 180 for the target of 187 with the stop loss below 176. Positional target 203/217 within 15 days.
MACRO NEW Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 33.5 points or 0.33 percent. Nifty futures were trading around 11,242level on the Singaporean Exchange. Oil prices fell on Tuesday, dragged down by ongoing weakness in global stock markets and by signs of rising global supply despite looming sanctions on Iran’s crude exports.Front-month Brent crude oil futures were at $76.78 a barrel at 0040 GMT, down 56 cents, or 0.8 percent, from their last close. US West Texas Intermediate (WTI) crude futures were at $66.78 a barrel, down 26 cents, or 0.4 percent, from their last settlement. Domestic institutional investors (DIIs) invested Rs 23,545.94 crore in Indian stock markets in October, taking advantage of the correction in the market. Their total investments this year have crossed Rs 1 trillion so far. DIIs’ net investment in Indian equity market so far this year stands at Rs 1.06 trillion. Mutual funds have pumped in a net of Rs 1.04 trillion, implying that some DIIs may have been net sellers of the asset class. As many as 135 companies will declare their results for the quarter ended September 30 which include names like Bank of Baroda, Bhushan Steel, Cummins India, Dena Bank, IDFC Ltd, JK Tyre, Bank of Maharashtra, Tech Mahindra and Torrent Power among others.
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Special Report 02-Nov-2018
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
LTP
BANKNIFTY
CE
25,400 27.3
23,87,402 18,66,620
BANKNIFTY
CE
25,500 7.15
20,73,292 28,53,600
BANKNIFTY
CE
25,300 85
20,23,098 9,51,740
LT
CE
1,400 14.45 8,197
6,17,625
TATAMOTORS CE
200
5,883
31,93,500
RELIANCE
CE
1,100 23.4
5,361
23,01,000
YESBANK
CE
200
4,753
31,86,750
MARUTI
CE
7,000 128.3 4,494
2,58,825
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST
2,83,500
2.9 18
Optio Strike n Price Type
BANKNIFTY
PE
25,000 0.55
19,64,225
20,84,940
BANKNIFTY
PE
25,200 2.4
19,63,842
18,86,320
BANKNIFTY
PE
25,100 0.95
17,92,024
15,13,800
RELIANCE
PE
1,040 29.05 3,564
6,87,500
RELIANCE
PE
1,000 15.5
3,537
9,69,000
TATAMOTORS PE
170
3,395
16,44,000
LT
1,300 15.4
3,082
2,56,500
180
2,835
8,38,500
TATAMOTORS PE
5.3 9.05
Traded Volume (Contracts)
Open Interest
Symbol
PE
LTP
Traded Volume (Contracts)
ï‚·
Oil prices ease in early trade Oil prices fell early on Thursday, extending losses in previous sessions, amid signs of rising supply and growing concerns that demand might weaken on the prospect of a global economic slowdown.The Brent crude January futures contract lost 44 cents, or 0.32 per cent, to trade at $74.72 per barrel.
Open Interest NIFTY FUTURE
From the daily chart after rebounding from its important support level of 10030 the nifty future made a breakout which closed above its previous resistance level of 10280, however some corrections can be found during the initial trading session of the market since as per the intraday level stockhastic momentum indicator is showing a overbought conditiion in hourly chart so its better to buy nifty future around 10320-10300 for the targets of 10400-450 with stoploss below 10250.
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
48510
3196.81
53438
3460.17
364156
27102.81
33759.792
INDEX OPTIONS
3362660
177535.09
3312525
174617.48
772723
56626.41
408778.9769
STOCK FUTURES
310102
17121.95
291544
16164.98
1404308
81859.46
115146.3879
STOCK OPTIONS
122725
6767.25
120979
6678.85
112656
6566.44
20012.5464 577697.7032
INDICES NIFTY BANKNIFTY
R2
R1
PIVOT
S1
S2
10515.3
10499.8
10478.5
10462
10441
25680
25634
25566
25521
25453
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Special Report 02-Nov-2018
RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD DEC FUT ABOVE 31870 TGT 31956 32072SL BELOW 31780 SELL GOLD DEC FUT BELOW 31717 TGT 31605 315443SL ABOVE 31780
SILVER TRADING STRATEGY: BUY SILVER DEC FUT ABOVE 38935 TGT 39150/39268 38850 SL BELOW 38750 SELL SILVER DEC FUT BELOW 38593 TGT 38344/38212 SL ABOVE 38700
COMMODITY ROUNDUP Gold prices advanced on Thursday as the dollar weakened after flirting with 10-week highs in the previous session on the bullish private jobs report. Gold futures for December delivery on the Comex division of the New York Mercantile The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.1% to 96.70. The dollar traded near 16-month highs on Wednesday after data showed the private payrolls grew by 227,000 for the month, above the 218,000 seen in September and economists’ forecasts of 189,000.Gold posted a 2% gain for October, its highest since January. Just last week, it was headed for a monthly gain of nearly 4%.Despite last month’s gain, Gold prices have slipped about 11% from their April peak as investors turned to the dollar as a safehaven amid escalating trade concerns between the U.S. and China. Early bets for a widely-expected Federal Reserve rate hike in December, which would be the fourth for the U.S. this year, also buffeted the dollar at gold’s expense. Oil prices fell on Thursday, extending losses in previous sessions, amid signs of rising supply and growing concerns that demand might weaken on the prospect of a global economic slowdown.The Brent crude January futures contract lost 46 cents, or 0.61 percent, to trade at $74.58 per barrel by GMT0451. West Texas Intermediate (WTI) crude futures fell 41 cents to $64.90 a barrel. Both benchmarks posted their worst monthly performance since July 2016 on Wednesday, with Brent falling 8.8 percent for October and WTI dropping 10.9 percent.Thursday's drops came after U.S. Energy Information Administration data showed crude oil inventories climbed for a sixth straight week. Meanwhile a Reuters survey found the Organization of the Petroleum Exporting Countries (OPEC) boosted oil production in October to its highest since 2016, as higher output led by the United Arab Emirates and Libya more than offset a cut in Iranian shipments due to U.S. sanctions, set to start on Nov. 4.U.S. President Donald Trump said on Wednesday in a presidential memorandum that he had determined there was sufficient supply of petroleum and petroleum products from nations other than Iran to permit a reduction in purchases from that country.
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Special Report 02-Nov-2018
RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM OCT ABOVE 10045 ARGET 10065 10280SL 10120 SELL GUARGUM OCT BELOW 10020 TARGET 10000 9950 SL 10100
DHANIYA TRADING STRATEGY: BUY CORIANDER OCT ABOVE 6035 TARGET 6050 6100 SL6595 SELL CORIANDER OCT BELOW 6000 TARGET 5970 5940 SL 6040
NCDEX INDICES Index
Value
% Change
1938.5
0.81
Castor Seed
5652
-1.19
Chana
3993
-0.27
Coriander
5980
0.81
Cotton Seed Oilcake
1823
0.72
Guar Seed 10 MT
4543.5
-0.16
Jeera
20540
0.59
Mustardseed
4095
0
Soy Bean
3370
0.21
Turmeric
6724
0.06
Barley
Heavy selling was seen in chana and wheat market due to fragile demand by millers at higher levels along with stock liquidation by government agencies. In today's trading both Chana and wheat futures hammered by more than 2 percent. The market sources added that heavy stock selling by NAFED to cater domestic festival demand has maintained adequate supplies in local mandies. On the other side, selling was also emerged in guraseed counter as traders have reported some profit taking in guar market. The sources have estimated 60 thousand bags of daily arrivals of guar seed. The daily arrivals are likely to increase in the coming days. The NCDEX Guarseed November futures declined by 0.40 percent today. Sharp selling was seen in across all agri commodities on the back of strong kharif supplies in local mandies coupled with limited demand at current levels. All the major counters such as spices and oilseeds complex settled with losses.The NCDEX Chana futures settled in red as prices were guided by heavy stock liquidation by NAFED in local mandies. The daily arrivals were reported at 20 motors today in Delhi. On the other side, selling was seen in oilseeds market as prices declined today due to bearish nodes from international market along with sowing trend of Soyabean crop so far in the current year. Soyabean market has reported 11 lakh bags of arrivals today , around 6 lakh bags higher from last day. Weakness was seen in Jeera market due to fragile export at elevated levels. The NCDEX November futures declined by 0.40% today. The prices have declined by almost 6% from peak. While limited trading was seen in turmeric market as prices were hovering around last close to settle with marginal losses.
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Special Report 02-Nov-2018
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
73.8295 Yen
65.212
Euro
83.7261 GBP
94.8182
USD/INR
The rupee depreciated by 27 paise to close at nearly three-week low of 73.95 against the US dollar Wednesday as the American currency strengthened against major global currencies overseas amid steady capital outflows. Forex traders said increased demand for the US currency from importers and concerns around the rift between the government and the RBI weighed on the local unit.
The British pound jumped on Thursday on a report that UK Prime Minister Theresa May has struck a deal with Brussels on financial services, while the dollar held near a 16-month high versus a basket of its key rivals on strong US economic data. The greenback got a lift overnight after the ADP national employment report showed that US private sector payrolls increased by the most in eight months in October, confirming that the economy continues to grow at a relatively robust pace That reinforced expectations for continued rate increases by the Federal Reserve, with a 25-basis-point hike seen in December and potentially two more in 2019. The dollar index, a gauge of its value versus six major peers moved a touch down at 96.91, still close to a 16month high of 97.2 hit in the previous session. The spotlight in the Asian morning fell on the sterling , which jumped as much as 0.6 per cent against the dollar following a report by the Times of London that May has struck a deal with Brussels on financial services. This would give UK financial services companies continued access to European markets after Brexit. The pound, which was last $1.2843, up 0.62 per cent on the day, has lost 3.6 per cent versus the dollar over the past three weeks as markets fretted over whether Britain would secure an orderly exit from the European Union.
TRADING STRATEGY: BUY USDINR ABOVE 73.94.00 TGT 74.15/74.35 SL BELOW 73.4 SELL USDINR BELOW 73.44 GT 72.89/72.71 SL ABOVE 73.75
GBP/INR TRADING STRATEGY: BUY GBPINR ABOVE 95 TGT 95.30/95.80 SL BELOW 94.30 SELL GBPINR BELOW 94.83 TGT 94.43/94.23 SL ABOVE 95.10
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Special Report 02-Nov-2018
Date
Commodity/ Currency Pairs
31/10/18
NCDEX DHANIYA
SEP
BUY
31/10/18
NCDEX DHANIYA
SEP
31/10/18
NCDEX GUARGUM5
31/10/18
Contract Strategy
Entry Level
Target
Stop Loss
Remark
5930
5980 6030
5880
SL TRIGGERED
SELL
5800
5750 5700
5850
NOT EXECUTED
OCT
BUY
10350
10400 10450
10300
NOT EXECUTED
NCDEX GUARGUM5
OCT
SELL
10050
10000 9950
10100
NOT EXECUTED
31/10/18
MCX GOLD
OCT
BUY
32000
32050 32100
31950
OPEN
31/10/18
MCX GOLD
OCT
SELL
31800
31750 31700
31850
TARGET HIT
31/10/18
MCX SILVER
SEP
SELL
38400
38450 38500
38350
TARGET HIT
31/10/18
MCX SILVER
SEP
BUY
38250
38200 38150
38300
NOT EXECUTED
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
Entry Level
Target
Stop Loss
Remark
31/10/18
NIFTY
FUTURE
BUY
10000
10400
9950
OPEN
31/10/18
INDUSINDBK
FUTURE
BUY
1400-1395
1375-55
1415
TARGET HIT
31/10/18
IRB
FUTURE
BUY
127.50-128
133-138
125
TARGET HIT
31/10/18
DELTACORP
CASH
BUY
231-232
236-242
228
TARGET HIT
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Special Report 02-Nov-2018
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS TIME (ET)
REPORT
PERIOD
ACTUAL
MEDIAN FORECAST
PREVIOUS
MONDAY, OCT. 29
8:30 am
Personal income
Sept.
0.2%
0.4%
0.4%
8:30 am
Consumer spending
Sept.
0.4%
0.4%
0.5%
8:30 am
Core inflation
Sept.
0.2%
0.1%
0.0%
TUESDAY, OCT. 30
9 am
Case-Shiller home price index
Aug.
5.8%
--
6.0%
10 am
Consumer confidence index
Oct.
137.9
136.4
135.3
10 am
Home ownership
Q3
64.4%
--
64.3%
WEDNESDAY, OCT. 31
8:15 am
ADP employment
Oct.
227,000
--
218,000
8:30 am
Employment cost index
Q3
0.8%
0.7%
0.6%
8:30 am
Treasury quarterly refunding
9:45 am
Chicago PMI
Oct.
58.4
--
60.4
THURSDAY, NOV. 1
8:30 am
Weekly jobless claims
10/27
212,000
215,000
8:30 am
Productivity
Q3
2.3%
2.9%
8:30 am
Unit labor costs
Q3
1.1%
-1.0%
9:45 am
Markit manufacturing PMI
Oct. final
--
55.9
10 am
ISM manufacturing index
Oct.
58.7%
59.8%
10 am
Construction spending
Sept.
0.2%
0.1%
Varies
Motor vehicle sales
Oct.
17.2 mln
17.4 mln
FRIDAY, NOV. 2
8:30 am
Nonfarm payrolls
Oct.
202,000
134,000
8:30 am
Unemployment rate
Oct.
3.7%
3.7%
8:30 am
Average hourly earnings
Oct.
0.1%
0.3%
8:30 am
Trade deficit
Sept.
-$53.6bln
-$53.2bln
10 am
Factory orders
0.5%
2.3%
Sept. Disclaimer
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