Special Report
05-Dec-2018
Global markets at a glance
World Indices
Wall Street tumbled more than 3 percent on Tuesday, led lower by bank and industrial shares, as the US bond market sent unsettling signs about economic growth and investors worried anew about global trade.The Dow Jones Industrial Average fell 799.36 points, or 3.1 percent, to 25,027.07, the S&P 500 lost 90.31 points, or 3.24 percent, to 2,700.06 and the Nasdaq Composite dropped 283.09 points, or 3.8 percent, to 7,158.43.Asian stocks fell on Wednesday, dragged by Wall Street’s tumble as sharp declines in longterm US Treasury yields and resurgent trade concerns stoked investor worries about global economic growth.
Index
Value
% Change
DJI
25113
+0.27
S&P500
2700
-3.24
NASDAQ
7158
-3.95
FTSE100
7022
-0.56
22036 27260
-2.44 +0.29
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
333.25
9.3
2.87
803
19.95
2.55
ONGC
146.25
3.75
2.63
UPL
749.85
17.25
2.35
684.8
14.45
2.16
CMP
Change
% Chg
442.4 740.6 845.4 1,940.40 282.6
-13 -20.45 -19.15 -40.35 -4.2
-2.85 -2.69 -2.22 -2.04 -1.46
BPCL
Global equities have been shaken as a flattening US Treasury yield curve - a result of a steep fall in longer-dated yields - fanned recession jitters and as US-China trade conflict woes resurfaced after a temporary lull.
Indiabulls Hsg
MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.6 percent. Australian stocks lost 1.3 percent after Australia's third quarter growth data fell short of expectations. Japan's Nikkei fell 1.15 percent and South Korea's KOSPI shed 1 percent.
Top Losers
PREVIOUS DAY ROUNDOFF The market ended rangebound session lower on Tuesday,snapping six-day winning streak as traders remained cautious ahead of interest rate decision by Monetary Policy Committee on Wednesday.The Nifty50 traded lower in a range of 57 points for major part of the session and formed small bearish candle which resembles a 'Doji' kind of pattern on the daily charts.The Nifty50 traded lower in a range of 57 points for major part of the session and formed small bearish candle which resembles a 'Doji' kind of pattern on the daily charts.A 'Doji' is formed when the index opens and then closes approximately around the same level but remain volatile throughout the day which is indicated by its long shadow on either side. It appears like a cross or a plus sign. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[+0.94pts], Consumption[+0.20pts],PSE[+0.81pts],CPSE [+0.99pts],Energy[+0.18pts],FMCG[ -0.65pts],Auto[0.52pts],Pharma[+0.12pts],IT[+1.76pts],Metal [+0.27pts],Realty[-0.36 pts], Fin Serv sector[-0.05pts].
Infosys Company
Sun Pharma M&M Grasim HDFC SBI
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
10869.5
-14.25
-0.13
36134.31
-106..69
-0.29
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Special Report
05-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 1320-1325 target 1335/1345 Sl 1310
STOCK RECOMMENDATION [CASH] JUBILANT FOOD 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 1320-25 target 1335/1345 Sl 1310
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. DIVI’S LAB [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 1510 target 1520/1525 Sl 1500
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Special Report
05-Dec-2018
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
BANKNIFTY
Lupin: Company launched generic Silodosin capsules 4mg and 8mg in the US. It is indicated for the treatment of the signs and symptoms of benign prostatic 12,70,120 hyperplasia (BPH).
LTP
Traded Volume (Contracts)
Open Interest
CE
27,000 62.85
6,10,226
BANKNIFTY
CE
27,100
40
3,58,722
BANKNIFTY
CE
27,200
25.5
3,38,183
SUNPHARMA
CE
500
5.9
5,006
YESBANK
CE
200
6.85
4,704
RELIANCE
CE
1,180
22.7
4,428
7,03,000
RELIANCE
CE
1,200
16
4,365
11,34,000
TCS
CE
2,000
66
4,171
BANKNIFTY
PE
26,600 88.05
3,74,669
4,98,360
BANKNIFTY
PE
26,700 128.1
3,26,309
4,33,440
RELIANCE
PE
1,140
25.1
4,542
4,07,500
RELIANCE
PE
1,120
18.2
4,355
2,76,500
RELIANCE
PE
1,100 12.85
3,398
5,24,000
SUNPHARMA PE
440 21.35
2,519
6,88,600
SUNPHARMA PE
450
2,280
7,51,300
5,77,720 Kesoram Industries: Company decided to spin off its tyre 7,75,380 business by demerging this undertaking into a resulting company, Birla Tyres Limited (BTL). BTL will also become 35,05,700 a listed company with its shareholding pattern mirroring 71,71,500 Kesoram NIFTY FUTURE
2,47,250 Nifty 50 on Tuesday the flat line for a greater part of the session, equity benchmarks have ended in the Red. The MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 2,83,500 MOST Nifty failed to close above 10,900, thought. Our Symbol Optio Strike LTP Traded Open recommendation is to sell the nifty future in range of n Price Volume Interest 10940 Target 10900 /10850 SL 11000 . Sell o n rise Type (Contracts) strategy follow. BANKNIFTY PE 26,500 58.6 5,01,277 11,15,840
26.3
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
R2
R1
PIVOT
S1
S2
NIFTY
10922
10895
10864
10838
10806
BANKNIFTY
26926
26810
26727
26611
26258
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Special Report
05-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
05-Dec-2018
RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM DEC ABOVE 8890 TARGET 8905/8915/8930 SL 8840 SELL GUARGUM ABOVE DEC 8660 TARGET 8645/8630/8600 SL 8600
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 6790 TARGET 6805/6830/6845 SL 6720 SELL DHANIYA DEC ABOVE 6700 TARGET 6680/6660/6640 SL 6780
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
05-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
05-Dec-2018
Date
Commodity/ Currency Pairs
04/12/18
NCDEX DHANIYA
DEC
04/12/18
NCDEX DHANIYA
04/12/18
Contract Strategy
Entry Level
Target
Stop Loss
Remark
BUY
6660
6615/6630/66 60
6520
TARGET HIT
DEC
Sell
6550
6535/6520/65 00
6600
SL HIT
NCDEX GUARGUM5
DEC
BUY
8780
8800/8815/88 30
8720
TARGET HIT
04/12/18
NCDEX GUARGUM5
DEC
SELL
8630
8615/8600/85 80
8700
NOT EXECUTED
04/12/18
MCX GOLD
DEC
BUY
30925
30975/31000
30820
NOT EXECUTED
04/12/18
MCX GOLD
DEC
SELL
30600
30500/30450
30700
NOT EXECUTED
04/12/18
MCX SILVER
DEC
BUY
36150
36220/36380
36000
NOT EXECUTED
04/12/18
MCX SILVER
DEC
SELL
36000
35950/35870
36150
NOT EXECUTED
Entry Level
Target
Stop Loss
Remark
Date
Scrip
CASH/ FUTURE/ Strategy OPTION
04/12/18
NIFTY
FUTURE
BUY
10970
10950/10900
11000
NOT EXECUTED
04/12/18
JUBILANT FOOD
FUTURE
BUY
1340
1350/1355
1335
SL HIT
04/12/18
YES BANK
FUTURE
BUY
182
186/190
177
SL HIT
04/11/18
JUBILANT FOOD
CASH
BUY
1340
1350/1355
1335
SL HIT
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Special Report
05-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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