Special Report
03-Dec-2018
Global markets at a glance
World Indices
Wall Street rose on Friday as investors hoped for progress on trade in a critical US-China meeting over the weekend, and the S&P 500 and the Nasdaq posted their biggest weekly percentage gains in nearly seven years.
Index
Value
% Change
DJI
25387
-0.02
S&P500
2737
-0.22
NASDAQ
7273
-0.25
FTSE100
7038
+0.49
22351 26506.75
+0.4 +0.21
Oil prices shot higher on Monday after the United States and China agreed a 90-day truce in their trade conflict and ahead of a meeting by producer club OPEC this week that is expected to result in a supply cut. Asian shares rallied on Monday after US and Chinese leaders brokered a truce in their trade conflict, a relief for the global economic outlook and a tonic for emerging markets Trends on SGX Nifty indicate a positive start for the broader index in India, a gain of 66 points or 0.60 percent. Nifty futures were trading around 10,976-level on the Singaporean Exchange. PREVIOUS DAY ROUNDOFF Benchmark indices ended marginally higher on Friday, but the Nifty could not hold on to 10,900 level.This is fifth consecutive day gain recorded by the indices.The Sensex was up 23.89 points at 36194.30, while Nifty was up 22.10 points at 10880.80. About 1278 shares have advanced, 1310 shares declined, and 146 shares are unchanged.Among the sectors pharma and IT space outperformed the other indices with 1-2 percent gain, while bank, infra, metal and energy stocks have underperformed.Benchmark indices gained in the preopening trade with Nifty is trading above 10,900 level.Sun Pharma is down 10 percent in the pre-opening trade, while Yes Bank is trading with 3 percent gain
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
Yes Bank
169.8
9.35
5.83
Wipro
324.65
9.75
3.1
Cipla
540.85
16.15
3.08
Tech Mahindra
705.95
18.45
2.68
Dr Reddys Labs
2,722.20
66.9
2.52
CMP
Change
% Chg
232.35 256.75 171.95 757.8 355.15
-10.55 -8.7 -5.3 -21.3 -7.05
-4.34 -3.28 -2.99 -2.73 -1.95
Top Losers Company
HPCL Bharti Infratel Tata Motors UPL ICICI Bank
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
33.1
1.65
4.98
FILATEX
57
1.05
1.84
ICICILIQ
999.99
0
0
1000.01
0
0
1869.4
50.6
2.71
Prev. Close
Change
%Chg
ELECTROSL
LIQUIDETF VINDHYATEL
Stocks at 52 Week’s LOW
Index stats
Symbol
ABGSHIP
2.5
0.05
2
The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[-0.56pts], Consumption[+0.66pts],PSE[-0.95pts],CPSE[1.59pts],Energy[-0.31pts],FMCG[+0.09pts],Auto [+0.74pts],Pharma[+2.04pts],IT[+1.19pts],M etal[ 0.42pts],Realty[+2.20 pts], Fin Serv sector[+0.74pts].
ADHUNIK
2.6
0.1
3.85
39.05 2.5 4
-1.95 0 -0.2
-4.99 0 -5
AIFL ALCHEM AMTEKAUTO
Indian Indices Company
NIFTY SENSEX
CMP
Change
% Chg
10876.8
18.10
+0.17
36194.30
23.89
+0.07
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Special Report
03-Dec-2018
RECOMMENDATIONS [FUTURE] 1. CEAT (FUTURE ) On daily chart we have seen that stock close above its pivot 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 1255 –1257 target 1265/1270 Sl 1245
STOCK RECOMMENDATION [CASH] MIND TREE [CASH] On daily chart we have seen that stock close above its pivot 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 870 target 875/882 Sl 860
MACRO NEWS 2. REC LTD [FUTURE]
Revised and simpler tax return forms as well as lower refunds will likely boost revenue collection from Goods and Services Tax (GST), which the government expects to touch to Rs 1.5 lakh crore every month from the next financial year (2019-20).“GST collections should be around Rs 1.5 lakh crore per month from next year. New return form will also help in tax evasion,” a senior government official told .
US stocks closed lower in a shortened post-holiday trading session on Friday as the energy sector tumbled on continued weakness in oil prices, and the benchmark S&P 500 confirmed its second correction of 2018.The three major US indexes all fell well over 3 percent for the week, with the Dow industrials and the Nasdaq posting their biggest weekly percentage declines since March.
Country's third largest software company HCL Technologies and NBFC major Bajaj Finance will be included in the 30-share BSE Sensex effective December 24, 2018.Wipro and Adani Ports will be excluded from the index on the same day.
On daily chart we have seen that stock is forming Bearish candle. In last two trading session a bearish candle form with strong volume . After analysis of derivative data its indicate that traders view is to sell the stock . Our recommendation is to sell stock future from 97 Target 95/94 Sl 98 .
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Special Report
03-Dec-2018
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
BANKNIFTY
CE
27,000
138
3,39,681
BANKNIFTY
CE
27,200
79
3,31,174
BANKNIFTY
CE
27,300 57.95
2,25,226
YESBANK
CE
RELIANCE
180
Mahindra & Mahindra: November auto sales up 17 percent at 45,101 units against 38,570 units YoY.Escorts: November sales up 56.4 percent at 8,005 units versus 5,94,140 5,119 units YoY. Open Interest
4,06,440 SML Isuzu: November sales up 1 percent at 688 units 3,03,880 versus 681 units YoY.
13.2
8,189
84,26,250
CE
1,200 23.05
7,763
Eicher Motors: Commercial vehicle sales dropped to 10,34,000 4,720 units in November 2018 against 4,916 units in sale
YESBANK
CE
170 17.35
6,962
30,25,750
YESBANK
CE
200
6.75
6,353
76,37,000
MARUTI
CE
8,000
95.5
5,223
BANKNIFTY
PE
26,700 135.4
2,48,994
4,35,300
BANKNIFTY
PE
26,600 101.95
2,38,733
3,99,020
RELIANCE
PE
1,160 29.45
5,280
2,51,500
YESBANK
PE
160
12
4,310
23,76,500
RELIANCE
PE
1,120
15.7
4,121
2,09,500
YESBANK
PE
150
8
3,994
23,20,500
RELIANCE
PE
1,140 21.35
3,934
2,67,500
NIFTY FUTURE
1,12,050 Nifty 50 on Tuesday Strong Buying pressure in market from lower level . Nifty broke the resistance level 10750 MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 2,83,500 MOST but & sustain . Fresh buying seen fron lower level .Our Symbol Optio Strike LTP Traded Open recommendation is to Buy the nifty future in range of n Price Volume Interest 10800 Target 10820 /10850 SL 10750 .Buy on dips Type (Contracts) strategy use by traders. BANKNIFTY PE 26,500 75.05 3,53,218 9,71,260
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
64832
4680.02
70832
4847.81
459747
35146.17
-167.7884
INDEX OPTIONS
1448606
88832.54
1422548
87010.61
1053228
76767.14
1821.932
STOCK FUTURES
439701
24575.05
433045
24099.84
1473795
85741.19
475.2068
STOCK OPTIONS
154804
8739.18
156774
8865.47
176312
10446.71
-126.2875 2003.0629
INDICES NIFTY BANKNIFTY
R2
R1
PIVOT
S1
S2
10965
10921
10878
10833
10790
27127.96
26995.43
26880
26747
26632
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Special Report
03-Dec-2018
RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD ABOVE 30580 TGT 30630 30680 SL BELOW 30450 SELL GOLD BELOW 30450 TGT 30420 30360 SL ABOVE 30580
COMMODITY ROUNDUP Gold prices were tepid on Wednesday pressured by a robust dollar after a senior U.S. Federal Reserve official reaffirmed the need for a further increase in interest rates, making bullion more expensive for holders of other currencies. Fed Vice Chair Richard Clarida said on Tuesday the central bank should continue to gradually raise interest rates, but it was "especially important" to monitor economic data as monetary policy was getting close to a neutral stance. strength of the U.S. dollar has been bad for gold, while the Fed is little more bullish about interest rates," said John Sharma, an economist with National Australia Bank (NAB).Prospects of higher U.S. interest rates are negative for dollar-priced gold as they raise the opportunity cost of holding the bullion.
SILVER TRADING STRATEGY: BUY SILVER ABOVE 36250 TGT 36320 36380 SL BELOW 36100 SELL SILVER BELOW 36000 TGT 35950/35870 SL ABOVE 36150
Oil rose further above $60 a barrel on Wednesday, supported by expectations that OPEC and its partners will next week decide to curb supply and helped by a drop in North Sea output. The Organization of the Petroleum Exporting Countries plus Russia and other allies meet on Dec. 6-7. Producers are discussing a supply curb of 1 to 1.4 million barrels per day and possibly more, OPEC delegates have told Reuters. crude LCOc1 , the global benchmark, was up 53 cents at $60.74 a barrel at 0919 GMT and traded as high as $61.27.U.S. crude CLc1 added 41 cents to $51.97. Palm oil futures in Malaysia recovered from a more than three-year low on Wednesday, helped by a weaker ringgit but soft demand and high inventory levels kept a lid on prices.Palm touched its lowest since August 2015 on Tuesday, falling 4.4 percent over three consecutive sessions. The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange rebounded by 2.4 percent to 2,014 ringgit ($479.75) per tonne by closing time on Wednesday.Palm futures are traded in ringgit and any weakness in the currency makes them cheaper for holders of other currencies.The ringgit edged lower for a second day on Wednesday, hitting its lowest in more than a year against the dollar.But the trader said palm was likely to struggle .
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Special Report
03-Dec-2018
RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM DEC ABOVE 8800 TARGET 8815/8830/8860 SL 8740 SELL GUARGUM ABOVE DEC 8690 TARGET 8675/8660/8640 SL 8750
NCDEX INDICES Index
Value
% Change
Guar Seed 10 MT
1880 5516 4662 6322 1944 4348.5
-2.93 -3.99 -0.04 -0.93 -2.16 -2.36
Jeera
19375
-3.02
4051 3399 6404
-1.31 -1.5 -0.06
Barley Castor Seed Chana Coriander Cotton Seed Oilcake
Mustardseed Soy Bean Turmeric
DHANIYA TRADING STRATEGY: BUY DHANIYA DEC ABOVE 6360 TARGET 6380/6400/6520 SL 6300 SELL DHANIYA DEC ABOVE 6300 TARGET 6280/6275/6260 SL 6360
The Agriwatch Agri Commodities Index fell 1.07 per cent to 109.53 during the week ended Nov 24, 2018 from 110.71 the previous week due to a sharp fall in prices of potato and onion. Sugar, pulses and edible oils also declined while cereals and cotton gained. The base for the Index and all sub-Indices is 2014 (= 100). Six of the nine commodity group sub-Indices and 17 of the 29 individual commodity sub-Indices ended lower during the week. Oil prices on Monday clawed back some losses from a nearly 8 per cent plunge the previous session, with Brent jumping back above $60 per barrel, but sentiment remained weak amid a broad sell-off in financial markets in past weeks. Front-month Brent crude oil futures rose $1.31, or 2.2 per cent, to $60.11 per barrel by 0643 GMT. The gains partly made up for Friday's selloff, which traders have already dubbed 'Black Friday'. Reacting to Friday's falls in Brent and WTI, China's Shanghai crude futures on Monday fell by 5 per cent, hitting their daily downside-limit. The downward pressure comes from surging supply and a slowdown in demand growth which is expected to result in an oil supply overhang by next year. Australia-based MoooFarm Monday said it will train two lakh Indian dairy farmers by 2020 to develop their skills in areas like cattle nutrition with a view to increase farmers' income by at least 20 per cent. MoooFarm will train the farmers through UDAY, a skill development firm, which is its partner in India. The firm said it will also launch a hashtag called #TheColorofMilk on the occasion of National Milk Day, asking people to find the purity of milk. "Our master trainers are providing content to farmers for scaling up, which is being delivered through village-level entrepreneurs. Our target states include Uttar Pradesh, Madhya Pradesh, Rajasthan, Andhra Pradesh, Haryana .
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Special Report
03-Dec-2018
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
69.84 Yen
61.59
79.3456 GBP
89.0930
Euro USD/INR TRADING STRATEGY: USD/INR
BUY USDINR NOV ABOVE 70.05 TGT 70.15 70.25 SL 69.8 SELL USDINR NOV BELOW 69.9 TGT 69.8 69.75 SL 70.10
GBP/INR TRADING STRATEGY: BUY GBPINR NOV ABOVE 90 TGT 90.2 90.4 SL 89.8 SELL GBPINR NOV BELOW 88.95 TGT 88.85 88.75 SL 89.20
The dollar was trading at two-week highs against a currency basket on Wednesday as markets awaited fresh signals from the Federal Reserve on interest rates and developments in the U.S.-China trade war remained in focus.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, edged up 0.1% to 97.35 by 04:25 AM GMT (09:25 AM GMT), the most since Nov. 13.Investors were looking ahead to a speech by Fed Chairman Jerome Powell later in the day and the minutes of the U.S. central bank’s November meeting, due to be released on Thursday. Markets are hoping for fresh indications on the future path of interest rate increases. The Fed is widely expected to raise rates for a fourth time this year at its upcoming meeting in December and has indicated that it may raise rates three more time in 2019.But dovish sounding comments by some policymakers in recent weeks have raised the prospect that the Fed may slow the pace of future rate hikes amid concerns over the outlook for the global economy and ongoing global trade tensions.On Tuesday, U.S. President Donald Trump once again criticized Powell, whom he picked last year to lead the bank, and the Fed’s rate hikes, which he said were harming the economy.Also Tuesday, Fed Vice Chair Richard Clarida backed further rate hikes, but said the tightening path would be data dependent.Market watchers were also looking ahead to the upcoming G20 summit in Buenos Aires later this week, where Trump and his Chinese counterpart, Xi Jinping, are scheduled to discuss trade. Investors are hoping that talks could lead to a ceasefire in the trade war.Trump said earlier this week that it was "highly unlikely" he would accept China's request to hold off a planned increase in tariffs due to take effect in January. The Euro US Dollar (EUR/USD) exchange rate dipped today, and is currently trading at $1.1274, after the release of Germany’s Gfk consumer confidence survey showed a decrease for December.
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Special Report
03-Dec-2018
Date
Commodity/ Currency Pairs
30/11/18
NCDEX DHANIYA
DEC
BUY
6360
30/11/18
NCDEX DHANIYA
DEC
Sell
30/11/18
NCDEX GUARGUM5
DEC
30/11/18
NCDEX GUARGUM5
30/11/18
Contract Strategy
Entry Level
Stop Loss
Remark
6380/6400/65 20
6300
TARGET HIT
6300
6280/6275/62 60
6360
OPEN
BUY
8800
8815/8830/88 60
8740
NOT EXECUTED
DEC
SELL
8690
8675/8660/86 40
8750
TARGET HIT
MCX GOLD
DEC
BUY
30580
30630/30680
30450
NOT EXECUTED
30/11/18
MCX GOLD
DEC
SELL
30450
30420/30360
30580
NOT EXECUTED
30/11/18
MCX SILVER
DEC
BUY
36250
36320/36380
36100
NOT EXECUTED
30/11/18
MCX SILVER
DEC
SELL
36000
35950/35870
36150
NOT EXECUTED
Entry Level
Target
Stop Loss
Remark
Target
Date
Scrip
CASH/ FUTURE/ Strategy OPTION
30/11/18
NIFTY
FUTURE
BUY
10800
10820/10850
10750
NOT EXECUTED
30/11/18
CEAT
FUTURE
BUY
1255-1257
1265/1270
1245
TARGET HIT
30/11/18
REC LTD
FUTURE
SELL
105
104.5/103
107
TARGET HIT
30/11/18
MIND TREE
CASH
BUY
855-857
862/867
849
TARGET HIT
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Special Report
03-Dec-2018
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS TIME (ET)
REPORT
PERIOD
ACTUAL
FORECAST
PREVIO US
MONDAY, DEC. 3 9:45 am
Markit manufacturing PMI
Nov.
--
55.4
10 am
Construction spending
Oct.
0.3%
0.0%
TUESDAY, DEC. 4
TUESDAY, DEC. 4
TUESDAY, TUESDAY, DEC. 4 DEC. 4
TUESDA TUESDAY, DEC. Y, DEC. 4 4
WEDNESD AY, DEC. 5
WEDNESDAY, DEC. 5
WEDNESD WEDNESDAY, WEDNESDAY, DEC. 5 AY, DEC. 5 DEC. 5
WEDNE SDAY, DEC. 5
8:15 am
ADP employment
Nov.
---
227,000
8:30 am
Productivity
Q3
2.3%
2.2%
9:45 am
Markit services PMI
Nov.
--
55.4
10 am
ISM nonmanufacturing index
Nov.
59.8%
60.3%
--
--
--
-THURSD AY, DEC. 6
10 am
Varies
8:30 am
10 am
9:45 am
9:45 am 2 pm
Quarterly services survey
Markit manufacturing index flash
Nov.
Markit Beigeservices book index flash
Nov.
Q3
--
55.7
--
54.8
THURSDAY THURSDAY, DEC. 6 , DEC. 6
THURSDA THURSDAY, DEC. 6 Y, DEC. 6
THURSDAY, DEC. 6
8:30 am
12/1
225,000
Weekly jobless claims
234,000
8:30 am 10 am
The
Factory orders
Oct.
-2.0%
0.7%
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