Special Report
06-Dec-2018
Global markets at a glance
World Indices
US President Donald Trump called on the Organization of the Petroleum Exporting Countries and its allies not to cut oil production next year, saying it would trigger higher oil prices worldwide."Hopefully OPEC will be keeping oil flows as is, not restricted. The World does not want to see, or need, higher oil prices!" Trump wrote in a tweet ahead of the group's meeting this week to discuss possible cuts.
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
OPEC meets in Vienna on December 6 to weigh production and will hold talks with allies such as Russia. Official US government oil production and inventory data are also due on December 6. Saudi Arabia, OPEC's de facto leader, has pressed for steep output reductions but has faced pressure from Trump to keep oil flows steady to keep prices low, rather than reduce inventory.
Top Gainers
US stock futures tumbled on Thursday and Asian markets followed after Canadian authorities arrested a top executive of Chinese tech giant Huawei Technologies, fanning fears of further tensions between China and the United States.
HDFC Bank
PREVIOUS DAY ROUNDOFF The Indian equity markets witnessed a volatile trading session on Wednesday with heavy selling pressure witnessed across-the-board. A selloff in global equities on Tuesday added to the sell-off in the markets even as Indian investors awaited the outcome of the RBI policy meet. The Reserve Bank of India (RBI) kept the key repo rates unchanged while maintaining its "calibrated tightening" stance.Nifty ended the day 86 points lower at 10,782, while Bank Nifty closed down 174 points at 26,519. Barring Nifty IT, all sectoral indices closed in the red with Nifty Metal being the worst-performer and closing 3.68% lower.Sun Pharma continued to face relentless selling, which led to the market cap of the company dropping below the Rs1 lakh cr-mark. The pharma major's stock ended ~6.8% . Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[-1.99pts], Consumption[-0.79pts],PSE[-1.97pts],CPSE[-2.02pts],Energy [-0.34pts],FMCG[-0.58pts],Auto[-2.32pts],Pharma[2.54pts],IT[+0.04pts],Metal[-3.68pts],Realty[-0.61pts], Fin Serv sector[-0.27pts].
Company
CMP
Change
% Chg
HUL
1,848.10
40.45
2.24
HDFC
1,973.30
33.85
1.75
HCL Tech
1,051.05
14.8
1.43
258.35
3.5
1.37
2,099.20
13.65
0.65
CMP
Change
% Chg
412.95 221.35 517.7 198.4 169.2
-29.95 -12 -20.5 -7.8 -6.55
-6.76 -5.14 -3.81 -3.78 -3.73
Bharti Infratel
Top Losers Company
Sun Pharma Hindalco Tata Steel Vedanta Tata Motors
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
10782.9
-86.6
-0.8
35884.41
-249
-0.69
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Special Report
06-Dec-2018
RECOMMENDATIONS [FUTURE] 1. DCB BANK (FUTURE ) On Daily chart we have seen that stock near its support level, expectation it will broke its suppoet level. . Fresh selling we have seen in last trading session . After analysis of derivative data its indicate that traders view is to sell the stock . Our recommendation is also sell the stock in the range of 150-151 target 148/147 Sl 153
STOCK RECOMMENDATION [CASH] DCB BANK On Daily chart we have seen that stock near its support level, expectation it will broke its suppoet level. . Fresh selling we have seen in last trading session . After analysis of derivative data its indicate that traders view is to sell the stock . Our recommendation is also sell the stock in the range of 150-151 target 148/147 Sl 153
MACRO NEWS
Gross domestic product (GDP) growth slowed down to 7.1 percent in the second quarter of the current fiscal after four consecutive quarters of acceleration. This was mainly on account of slowing private consumption and a sharp drop in net exports. On the supply side, the growth of gross value added (GVA) at basic prices decelerated to 6.9 percent during the same period reflecting moderation in agricultural and industrial activities.
US stocks closed lower in a last 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 1492 target 1498/1510 Sl 1480
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Special Report
06-Dec-2018
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
LTP
BANKNIFTY
CE
26,800
24.5
8,61,898
BANKNIFTY
CE
26,700
45.8
8,43,056
BANKNIFTY
CE
27,000
7.65
7,86,041
SUNPHARMA
CE
460
8.75
6,083
21,38,400
RELIANCE
CE
1,180
25.7
5,716
8,12,000
SUNPHARMA
CE
500
RELIANCE
CE
1,160
RELIANCE
CE
1,200
MARUTIACTIVE PUT CE OPTION 9,000 MOST
Traded Volume (Contracts)
Open Interest
BHEL's Rs 1,628-cr buyback offer to open on December 10,91,240 13 7,84,760 Elecon Engineering board to consider raising Rs 150 17,79,080 crore via NCD on December 10 NIFTY FUTURE
42,19,600 Nifty 50 on Tuesday the flat line for a greater part of the session, equity benchmarks have ended in the Red. The 34.8 5,367 7,22,500 Nifty failed to close above 10,900, thought. Our 18.4 5,365 11,92,500 recommendation is to sell the nifty future in range of 10790 Target 10750 /10720 SL 10830 . Sell on rise 111.5 5,823 2,83,500 strategy follow. 3.15
5,530
Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
Open Interest
BANKNIFTY
PE
26,500
66.4
9,20,625
10,20,100
BANKNIFTY
PE
26,400 38.55
7,31,216
6,58,280
BANKNIFTY
PE
26,300
22.9
6,25,623
6,41,900
SUNPHARMA PE
400
15
6,756
23,22,100
PE
1,140
22
4,709
4,77,500
SUNPHARMA PE
420
22.7
4,105
7,44,700
ASHOKLEY
PE
100
3.35
3,833
37,96,000
RELIANCE
PE
1,120
15.8
3,830
3,10,500
RELIANCE
PFC to acquire govt's stake in REC for Rs 15k crore
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
10856.97
10819.93
10783.97
10746.93
10710.97
BANKNIFTY
26713.8
26616.7
26530.2
26433.1
26346.6
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Special Report
06-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 .
_____________________________________________________________________________________________________________________
Special Report
06-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
1818 5692 4601 6781 1874.5 4388
-0.17 -2.85 -0.67 -0.19 -0.88 -1.16
Jeera
18715
-1.66
3968 3315 6426
-0.05 -0.3 -0.75
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
06-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
06-Dec-2018
Date
Commodity/ Currency Pairs
05/12/18
NCDEX DHANIYA
DEC
BUY
6790
05/12/18
NCDEX DHANIYA
DEC
Sell
05/12/18
NCDEX GUARGUM5
DEC
05/12/18
NCDEX GUARGUM5
05/12/18
Contract Strategy
Entry Level
Stop Loss
Remark
6805/6830/68 45
6720
TARGET HIT
6700
6680/6660/66 40
6780
TARGET HIT
BUY
8890
8905/8915/89 30
8840
NOT EXECUTED
DEC
SELL
8660
8645/8630/86 00
8700
NOT EXECUTED
MCX GOLD
DEC
BUY
30925
30975/31000
30820
NOT EXECUTED
05/12/18
MCX GOLD
DEC
SELL
30600
30500/30450
30700
NOT EXECUTED
05/12/18
MCX SILVER
DEC
BUY
36150
36220/36380
36000
NOT EXECUTED
05/12/18
MCX SILVER
DEC
SELL
36000
35950/35870
36150
NOT EXECUTED
Entry Level
Target
Stop Loss
Remark
Target
Date
Scrip
CASH/ FUTURE/ Strategy OPTION
05/12/18
NIFTY
FUTURE
BUY
10940
10900/10850
11000
NOT EXECUTED
05/12/18
JUBILANT FOOD
FUTURE
BUY
1320-1325
1335/1340
1310
SL HIT
05/12/18
DIVIS LAB
FUTURE
BUY
1510
1520/1525
1500
NOT EXECUTED
05/11/18
JUBILANT FOOD
CASH
BUY
1320-1325
1335/1340
1310
SL HIT
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Special Report
06-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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