Special Report
04-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
25751
-0.37
2737
-0.22
NASDAQ
7441.51
+1.49
FTSE100
7062.41
+1.16
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.
S&P500
NIKKEI HANG SENG
Top Gainers Company
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 After trading around the flat line for a greater part of the session, equity benchmarks have ended in the green. The Nifty failed to close above 10,900, though.Consumption, IT, metals and PSU banks were the big gainers, while the Nifty Midcap index outperformed frontline indices. Pharmaceuticals were the big losers, with the Nifty Pharma ending over 2 percent lower. At the close of market hours, the Sensex was up 46.70 points or 0.13% at 36241.00, while the Nifty was higher by 7.00 points or 0.06% at 10883.80. The market breadth was narrow as 1,328 shares advanced, against a decline of 1,263 shares, while 160 shares were unchanged. Yes Bank, HUL, and Indiabulls Housing gained the most, while Sun Pharma, M&M, and HPCL were the top losers. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[+0.94pts], Consumption[+0.36pts],PSE[+1.7pts],CPSE [+2.12pts],Energy[+0.07pts],FMCG[+0.74pts],Auto[ 0.10pts],Pharma[-2.4pts],IT[+0.7pts],Metal [+2.03pts],Realty[+2.41 pts], Fin Serv sector[+0.34pts].
CMP
Change
% Chg
783.05
67.45
9.43
178
8.2
4.83
HUL
1,825.60
71.6
4.08
GAIL
355.65
12.6
3.67
Vedanta
202.95
7.1
3.63
CMP
Change
% Chg
455.4 761.05 732.6 224.9 475.3
-37.2 -29.85 -25.2 -7.45 -13.3
-7.55 -3.77 -3.33 -3.21 -2.72
Indiabulls Hsg Yes Bank
Top Losers Company
Sun Pharma M&M UPL HPCL Zee Entertain
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
ABGSHIP
2.5
0.05
2
ADHUNIK
2.6
0.1
3.85
39.05 2.5 4
-1.95 0 -0.2
-4.99 0 -5
ELECTROSL
LIQUIDETF VINDHYATEL
Stocks at 52 Week’s LOW Symbol
AIFL ALCHEM AMTEKAUTO
Indian Indices Company
NIFTY SENSEX
CMP
Change
% Chg
10883.75
+7
+0.06
36241
+46.70
+0.13
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Special Report
04-Dec-2018
RECOMMENDATIONS [FUTURE] 1. JUBILANT FOOD (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 1290-1300 target 1325/1350 Sl 1230
STOCK RECOMMENDATION [CASH] JUBILANT FOOD (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 1290-1300 target 1325/1350 Sl 1230
MACRO NEWS
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.
2. YES BANK [FUTURE] On daily chart we have seen that stock is forming Bullish candle. In last trading session a bullish candle form with strong volume . After analysis of derivative data its indicate that traders view is to Buy the stock . Our recommendation is to Buy stock future from 182 Target 186/190 Sl 177
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Special Report
04-Dec-2018
STOCKS IN NEWS
MOST ACTIVE CALL OPTION
India Cements: Company acquired controlling stake of 51 percent in Springway Mining Private Limited, thereby it became subsidiary.
Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
Open Interest
BANKNIFTY
CE
27,200
82.5
3,60,063
7,25,340
BANKNIFTY
CE
27,000
148
3,25,900
BANKNIFTY
CE
27,300
57.2
2,47,970
SUNPHARMA
CE
500
8.8
8,202
YESBANK
CE
180 15.35
6,930
YESBANK
CE
200
7.6
6,688
Sun Pharma Clarification: Company has not been 8,51,100 involved in any insider trading norm violations relating to 5,48,680 the Ranbaxy deal. However, there was some minor technical issue relating to a procedural aspect of trading 25,15,700 window closure due to intervening holidays 85,69,750 69,40,500 NIFTY FUTURE
RELIANCE
CE
1,200
18.9
6,060
11,61,000
MARUTI
CE
8,000
119
5,600
Nifty 50 on Monday the flat line for a greater part of the 1,19,100 session, equity benchmarks have ended in the green. The Nifty failed to close above 10,900, thought. Our MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 2,83,500 MOST recommendation is to sell the nifty future in range of Symbol Optio Strike LTP Traded Open 10970 Target 10950 /10930 SL 11000 . Sell o n rise n Price Volume Interest strategy follow Type
(Contracts)
BANKNIFTY
PE
26,500
55.8
3,35,633
12,01,020
BANKNIFTY
PE
26,800
148
2,64,410
3,55,480
BANKNIFTY
PE
26,700 106.1
2,59,583
5,34,920
RELIANCE
PE
1,100
12.1
4,717
5,19,000
RELIANCE
PE
1,140
23.4
4,268
3,52,000
RELIANCE
PE
1,120
16.8
3,725
2,86,000
RELIANCE
PE
1,160
31.8
3,669
3,04,000
SUNPHARMA PE
440
17.1
3,577
5,23,600
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
10986
10934.9
10890.1
10839
10794.2
27140.27
26999.23
26895.47
26753.83
26650.07
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Special Report
04-Dec-2018
RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD ABOVE 30925 TGT 30975 31000 SL BELOW 30820 SELL GOLD BELOW 30600 TGT 30500 30450 SL ABOVE 30700
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 36150 TGT 36220 36380 SL BELOW 36000 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
04-Dec-2018
RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM DEC ABOVE 8780 TARGET 8800/8815/8830 SL 8720 SELL GUARGUM ABOVE DEC 8630 TARGET 8615/8600/8580 SL 8700
NCDEX INDICES Index
Value
% Change
Barley Castor Seed Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT
1823 5348 4706 6468 1907 4301
-0.38 3.96 -1.32 2.18 -0.37 1.21
18640
0.4
3977 3354 6502
-0.45 -0.48 -0.37
Jeera Mustardseed Soy Bean Turmeric
DHANIYA TRADING STRATEGY: BUY DHANIYA DEC ABOVE 6600 TARGET 6615/6630/6660 SL 6520 SELL DHANIYA DEC ABOVE 6550 TARGET 6535/6520/6500 SL 6600
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
04-Dec-2018
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
70.45 Yen
62.04
Euro
79.83 GBP
89.6539
USD/INR TRADING STRATEGY: USD/INR BUY USDINR NOV ABOVE 70.5 TGT 70.6 70.7 SL 70.25 SELL USDINR NOV BELOW 70.10 TGT 70 69.8 SL 70.30
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
04-Dec-2018
Date
Commodity/ Currency Pairs
03/12/18
NCDEX DHANIYA
DEC
BUY
6360
03/12/18
NCDEX DHANIYA
DEC
Sell
03/12/18
NCDEX GUARGUM5
DEC
03/12/18
NCDEX GUARGUM5
03/12/18
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
TARGET HIT
03/12/18
MCX GOLD
DEC
SELL
30450
30420/30360
30580
NOT EXECUTED
03/12/18
MCX SILVER
DEC
BUY
36250
36320/36380
36100
NOT EXECUTED
03/12/18
MCX SILVER
DEC
SELL
36000
35950/35870
36150
NOT EXECUTED
Entry Level
Target
Stop Loss
Remark
Target
Date
Scrip
CASH/ FUTURE/ Strategy OPTION
03/12/18
NIFTY
FUTURE
BUY
10800
10820/10850
10750
NOT EXECUTED
03/12/18
CEAT
FUTURE
BUY
1255-1257
1265/1270
1245
TARGET HIT
03/12/18
REC LTD
FUTURE
SELL
97
95/94
98
NOT EXECUTED
30/11/18
MIND TREE
CASH
BUY
870
875/882
860
TARGET HIT
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Special Report
04-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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