Special Report 6-Sep-2018
Global markets at a glance The Nasdaq fell more than 1 percent on Wednesday, dented by technology stocks after Facebook Inc and Twitter Inc executives defended their companies before sceptical U.S. lawmakers. Adding to pressure on technology stocks, the Justice Department later said it would meet with state attorneys general to discuss worries that social media platforms were "intentionally stifling the free exchange of ideas." Facebook and Twitter were not specifically named. Twitter shares dropped 6.1 percent. Facebook shares fell 2.3 percent, contributing heavily to both the Nasdaq's and the S&P 500's declines. The Dow, however, eked out a slight gain. Global equities remained under pressure with stocks in Asia down for the sixth straight day on Thursday amid fragile investor confidence in the wake of turmoil in emerging markets and anxiety about a major escalation in the USChina trade conflict.MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.26 percent to hit its lowest since mid-August. Japan's Nikkei slipped 0.58 percent while Australian shares fell 0.95 percent.Investors were focussed on the Sino-US trade war with a public consultation period in the United States ending Thursday on additional USD 200 billion of US tariffs on Chinese goods. Previous day Roundup The Nifty50 after opening lower extended losses as the day progressed after the rupee hit record low of 71.96 a dollar intraday. But as the rupee showed smart recovery from day's low, the index managed to trim losses in the last hour of trade to close above 11,450 levels on Wednesday. The Nifty50 hold on to its crucial support placed at 11,400 levels and made a bearish candle which looked like a ‘Hammer’ like pattern on daily charts. The Nifty50 opened at 11,514.85 and managed to hit an intraday high of 11,542.65 amid volatility in the initial few minutes of trade, followed by gradual fall which dragged the index below 11,400. The index hit an intraday low of 11,393.85 but started recouping some of the losses in last hour of trade and closed 43.30 points lower at 11,477. It recovered 83 points from day's low.The short covering or value buying seen in the last hour of trade may continue in the coming session but that may not sustain for long as short term structure of the market is still weak Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[0.80], Consumption[-48.00pts],Bank[-54.70pts],Auto [34.30pts],FinService[-61.95pts],Fmcg[-273.80pts],Media[29.10pts],Pharma[97.85pts],IT[ -8.80pts],Metal [37.60pts],Realty[-3.00 pts], Pvt Bank[-31.30pts].
World Indices Index
Value
% Change
25,974.99
+0.09
S&P500
2,887.75
-0.02
NASDAQ
7,526.00
-0.08
FTSE100
7,383.28
-1.01
22,473.52 27,096.60
-0.48 -0.54
DJI
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
Yes Bank
343.80
9.75
2.92
Vedanta
229.45
4.65
2.07
Hindalco
239.95
4.85
2.06
Wipro
318.85
5.50
1.76
Tata Motors
266.50
4.55
1.74
CMP
Change
% Chg
271.35 47.90 1,611.70 482.45 863.90
-12.70 -1.50 -39.50 -10.70 -17.00
-4.47 -3.04 -2.39 -2.17 -1.93
Top Losers Company
Bharti Infratel Idea Cellular HUL Zee Entertain Titan Company
Stocks at 52 Week’s HIGH APLLTD BANKBEES
602.95 2799.37
35.75 -7.37
5.93 -0.26
CANTABIL
159.15
-5.75
-3.61
CENTEXT
8.25
-0.05
-0.61
ELECTROSL
12.1
0.6
4.96
GANGOTRI
2.8
0.1
3.57
Prev. Close
Change
%Chg
19.2 991.8 78.5 1715.8 5.15
0 -2.4 -1.55 4.2 0.05
0 -0.24 -1.97 0.24 0.97
Stocks at 52 Week’s LOW Symbol
A2ZINFRA ACCELYA AGLSL AKZOINDIA ALCHEM
Indian Indices Company
CMP
Change
% Chg
NIFTY
11477.00
-43.30
-0.38
SENSEX
38018.31
-139.61
-0.37
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Special Report 6-Sep-2018
RECOMMENDATIONS [FUTURE] 1. SBIN [FUTURE ] From the daily chart it is clear that the particular script has a support level around 297 from where it has show some bounce back and closed with a spinning top candle since the the market is showing negative trend the trader should wait for the stock price to sustain at its support level so we advice you to buy sbin around its level of 299-300 for the targets of 302-305 with stoploss below 297.
2. WIPRO [FUTURE] The particular script has rebounded from its support level of 308 by showing a indecision candle and resumed its upward movement Today it can show this movement since IT sector is also showing strength so we advice you to buy wipro future around the levels of 320-322 for the targets of 326330 with stoploss below 317.
STOCK RECOMMENDATION [CASH] DELTACORP [CASH] From the daily chart it is clear that the particular script has a support level around 252-253 from where it has shown a reversal.Today the traders can get a gain by buying on breakout around the levels of 262.90-263 for the targets of 267–273 with stoploss below 259.
MACRO NEWS Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 30.5 points or 0.27 percent. Nifty futures were trading around 11,534level on the Singaporean Exchange. US President Donald Trump said on Wednesday that the United States was not yet ready to come to an agreement over trade disputes with China but he said talks would continue. “We’ve done very well in negotiations with China but we’re not prepared to make the deal that they’d like to make,” Trump told reporters at the White House without elaborating on the details. North Korean leader Kim Jong Un said the two Koreas should further their efforts to realise the denuclearisation of the Korean peninsula, as he met with South Korean special envoys on Wednesday, state media KCNA said on Thursday.Kim added the two Koreas should keep advancing their joint ties that have neared a state of peace and reconciliation, and discussed with South Korean envoys the Pyongyang inter-Korean summit planned for September - coming to a satisfactory agreement. After hitting fresh lows of 71.97 per US dollar, the Indian rupee on Wednesday, managed to recover over 20 paise to close at 71.75 per US dollar. The currency hit a fresh record low of 71.97 intraday on the back of a surge in crude oil prices along with sharp rise in the US dollar as well.
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Special Report 6-Sep-2018
STOCKS IN NEWS
MOST ACTIVE CALL OPTION
2,74,703
11,99,000
Alembic Pharmaceuticals: The meeting of the board of directors of the company is scheduled on September 10 to consider the proposal for issue of non-convertible debentures on private placement basis
87.5
1,76,743
32,14,050
11,700
51.5
1,58,181
28,81,650
Bombay Burmah Trading approved appointment of Dibakar Chatterjee as CEO w.e.f. Sept 5
CE
220
0.05
13,968
37,12,000
ADANIENT
CE
225
0.05
9,926
24,16,000
ADANIENT
CE
230
0.05
9,603
37,56,000
ADANIENT
CE
215
0.05
8,349
21,88,000
RELIANCE
CE
1,300 11.15
6,877
36,79,000
Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
Open Interest
BANKNIFTY
CE
28,000
2.6
NIFTY
CE
11,600
NIFTY
CE
ADANIENT
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST Symbol
Optio Strike n Price Type
NIFTY
NIFTY FUTURE
2,83,500
LTP
Traded Volume (Contracts)
Open Interest
PE
11,500 128.85
1,74,577
37,77,900
BANKNIFTY
PE
26,800
3.65
1,65,825
1,90,440
NIFTY
PE
11,400 92.05
1,51,163
ADANIENT
PE
200
0.05
8,989
ADANIENT
PE
210
0.05
6,205
RELIANCE
PE
1,200
17.7
6,132
ADANIENT
PE
205
0.05
6,095
TATASTEEL
PE
580
11.8
4,508
Yesterday nifty future broke its crucial resistance level of 39,17,100 11500 and moved towards its next support level of 31,68,000 11445 but after 2:30pm it showed some bounce back from the current level and closed above 11500, today it 36,96,000 may show sideways movement so sell on rise would be 13,69,000 good strategy so we advice you to sell around the levels 17,24,000 of 11540-550 for the targets 11500-450 with stoploss above 11600. 7,04,504
FII DERIVATIVES STATISTICS BUY
SELL
No. of Contracts
Amount in Crores
INDEX FUTURES
35204
3338.02
39441
3673.71
INDEX OPTIONS
1197624
124841.88
1198386
STOCK FUTURES
211275
15218.57
STOCK OPTIONS
141967
10825.45
OPEN INTEREST AT THE END OF THE DAY
No. of Amount in No. of Contracts Crores Contracts
Amount in Crores
NET AMOUNT
231677
20162.95
-335.6852
125228.88
721757
64761.03
-387.0048
224323
15801.59
1116591
84562.67
-583.0214
143204
10865.79
93744
7135.24
-40.3407 -1346.0521
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
11619.00
11547.00
11470.00
11398.00
11321.00
BANKNIFTY
27709.00
27542.00
27339.00
27172.00
26969.00
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Special Report 6-Sep-2018
RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD OCT FUT ABOVE 30400 TGT 30500 30700 SL BELOW 30300 SELL GOLD OCT FUT BELOW 30300 TGT 30200 30000 SL ABOVE 30400
SILVER TRADING STRATEGY: BUY SILVER SEP FUT ABOVE 37200 TGT 37100 37400 SL BELOW 36700 SELL SILVER SEP FUT BELOW 36900 TGT 36700 36400 SL ABOVE 37100
COMMODITY ROUNDUP COMEX Gold futures started the week on a positive note. The metal remained broadly supported amid continued stress on the global trade front. US President Donald Trump's weekend threats to leave Canada out of the new North American Free Trade Agreement weighed on stocks. The US stock market was closed on Monday for the Labor Day holiday. COMEX Gold has recovered from an 18 month low recently and the prices have moved up the critical $1200 per ounce now. The yellow metal is currently quoting at $1205 per ounce, flat on the day. Large speculators trimmed their bearish net positions in the Gold futures markets last week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The non-commercial futures contracts of Gold futures, traded by large speculators and hedge funds, totaled a net position of 3,063 contracts in the data reported through Tuesday August 28th. This was a weekly gain of 5,647 contracts . The non-commercial futures contracts of WTI Crude Oil futures, traded by large speculators and hedge funds, totaled a net position of 550,313 contracts in the data reported through Tuesday August 28th. This was a weekly rise of 11,528 contracts. Speculative positions had declined for three straight weeks. The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -585,826 contracts on the week. This was a weekly fall of -6,982 contracts. London Metal Trade copper exchanged level at $5,976 a ton, having prior slipped to $5,952.50, its weakest since Aug. 23. Copper on Friday fell 1.5 percent to require the month to month drop in Eminent to 5.2 percent. It was the greatest month to month drop in two years and the third month to month decay in a push. Indian Copper was trading at Rs 417 per kg, down 1.6%. The prices of Copper tested a high of Rs 424.45 per kg, and a low of Rs 416.6 per kg. Nickel sank to its most reduced in more than seven months this week, weighed down by stresses almost China's economy, heightening exchange pressures and frail steel prices. Manufacturing action in China, the world's greatest shopper of mechanical metals, developed final month at its slowest rate in more than a year, with trade orders contracting for a fifth month and managers cutting more staff, the Caixin/Markit Purchase Managers' Record appeared. China's fabricating action developed at the slowest pace in more than a year in August, with send out orders contracting for a fifth month and bosses cutting more staff, a private study appeared on Monday.
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Special Report 6-Sep-2018
RECOMMENDATIONS GUARGUM TRADING STRATEGY: BUY GUARGUM OCT FUT ABOVE 9770 TGT 9820 9870 SL BELOW 9720 SELL GUARGUM OCT FUT BELOW 9430 TARGET 9380-9340 SL 9470.
NCDEX INDICES Index
Value
% Change
Barley Castor Seed Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT
1624.5 4670 3887 4898 1739 4365
-1.01 -0.55 -0.38 2.06 0.43 0.46
Jeera
19200
-0.6
4026 3235 6656
-0.35 -2.32 -0.98
Mustardseed Soy Bean Turmeric
DHANIYA TRADING STRATEGY: BUY DHANIYA SEP FUT ABOVE 4820 TGT 4870 4920 SL BELOW 4770 SELL DHANIYA SEP FUT BELOW 4640 TARGET 4600-4570 SL 4670
Pepper price in India extended their recent upmove following the havoc caused by the flood in Kerala- the primary domestic supplying state. In HCMC Viet Nam, local price of black pepper also increased marginally as global pepper markets watched the developments in India. Indian Rupee is also tumbling to fresh lows in recent weeks and that is also bound to feed into global pepper export quotes. As per government notification, Indian sugar mills can sell 20 lakh metric tonnes of the sweetener in the open market in September 2018, the Government said.In a notification issued, the food ministry has allocated sugar quota for sale to each of 524 mills in the country.The sugar mills who have exported sugar under Minimum Indicative Export Quota (MIEQ), allocated vide Order No. 1(4)/2018-1 dated 09.05.2018, either directly or by way of trading export quota to third parties may also sell/dispatch additional quantity of sugar equivalent to actual export during 201718 sugar season till August ,2018 or their MIEQ, whichever is less, excluding the additional quantity of sugar already sold in the month of August 2018 on this account, in addition to the quantity of white/ refined sugar specified for domestic sale/despatch as indicated incolumn 4 of the table. Third party under this clause shall be eligible only for the quantity exported by it against its own quota. In the previous month the Govt. allocated quota to 524 mills in the country to sell 17.50 lakh metric tonnes of the sweetener.The government had announced creation of 3 million tonnes of buffer stock and stock holding limit on sugar mills in a bid to improve liquidity of cash-starved millers and enabling them to clear cane arrears of around Rs.20,000 crores. Recently, the deadline of MIEQ has also been extended till 31st December 2018.As per latest update from United States Department of Agriculture (USDA), Mexico cotton production for MY 2018/19 is 1.59 million bales, 9 percent lower that the USDA official estimation.
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Special Report 6-Sep-2018
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
71.1857 Yen
63.9200
Euro
82.4919 GBP
91.4603
USD/INR TRADING STRATEGY: BUY USDINR ABOVE 72.80 TGT 73.30 73.80 SL BELOW 72.40 SELL USDINR BELOW 71.00 TGT 70.70 70.40 SL ABOVE 71.30
GBP/INR TRADING STRATEGY: BUY GBPINR ABOVE 92.70 TGT 93.00 93.30 SL BELOW 92.40 SELL GBPINR BELOW 91.50 TGT 91.20 90.90 SL ABOVE 91.80
The dollar was holding steady near one-month lows against a currency basket on Thursday as markets awaited trade developments, while the pound remained firm after rallying in the previous session as fears over a no-deal Brexit eased. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was at 94.45 by 03:57 AM ET (07:57 GMT), not far from Tuesday’s one-month lows of 94.34. Market sentiment continued to be supported by hopes that Canada will join the new trade agreement between the U.S. and Mexico aimed at overhauling the North American Free Trade Agreement ahead of a Friday deadline.But the new trade deal did little to indicate how a trade spat between the U.S. and China will play out after talks last week ended with little progress and both countries slapped fresh reciprocal tariffs on imports.Sterling was steady after rising above the 1.30 level against the dollar for the first time in three weeks on Wednesday after European Union negotiator Michel Barnier said the bloc was prepared to offer Britain a partnership after Brexit.GBP/USD was at 1.3028 after gaining 1.23% in the previous session, its largest one-day percentage gain since March 21.The pound was also stronger against the euro, with EUR/GBP edging down to 0.8982 after ending the previous session with a loss of 1.09%. The Indian rupee collapsed to lifetime closing lows against the dollar following heavy month-end dollar demand from importers and foreign capital outflows. The domestic currency, having traded comfortably below the Rs 70/$ mark since late last week, slipped to an intra day low of 70.65 today before closing the day at 70.57, logging its biggest single-day drop since August 13. Consistent dollar demand from banks and importers, mainly oil refiners, following higher crude oil prices, kept the rupee under pressure. Yesterday, the local currency had bounced back in a tepid fashion from the record closing low, gaining 6 paise to end at 70.10 against the US currency. Meanwhile, the dollar rose against a basket of major currencies after touching a four-week low overnight as optimism over the U.S.-Mexico trade deal gave way to caution ahead of a deadline in the China-U.S. trade dispute.
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Special Report 6-Sep-2018
Date
Commodity/ Currency Pairs
05/09/18
NCDEX DHANIYA
SEP
BUY
05/09/18
NCDEX DHANIYA
SEP
05/09/18
NCDEX GUARGUM5
05/09/18
Contract Strategy
Entry Level
Target
Stop Loss
Remark
4700
4730 4760
4670
TARGET HIT
SELL
4640
4600-4570
4670
NOT EXECUTED
OCT
BUY
9770
9820 9870
9720
NOT EXECUTED
NCDEX GUARGUM5
OCT
SELL
9500
9470-9440
9550
TARGET HIT
05/09/18
MCX GOLD
OCT
BUY
30300
30400 30600
30200
TARGET HIT
05/09/18
MCX GOLD
OCT
SELL
30150
30050 29850
30250
NOT EXECUTED
05/09/18
MCX SILVER
SEP
BUY
36700
36900 37200
36500
TARGET HIT
05/09/18
MCX SILVER
SEP
SELL
36500
36300 36000
36700
NOT EXECUTED
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
Entry Level
Target
Stop Loss
Remark
05/09/18
NIFTY
FUTURE
SELL
10610-10620
10550-10500
10670
TARGET HIT
05/09/18
ONGC
FUTURE
BUY
171-172
175-178
169
IN PROFIT
05/09/18
TECHM
FUTURE
SELL
772-775
780-790
765
SL TRIGGERED
05/09/18
BAJAJELEC
CASH
BUY
545-546
555–565
538
SL TRIGGERED
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Special Report 6-Sep-2018
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS TIME (ET)
REPORT
PERIOD
ACTUAL
FORECAST
PREVIOUS
MONDAY, SEPT. 3 Labor Day holiday None scheduled TUESDAY, SEPT. 4 9:45 am
Markit manufacturing PMI final
Aug.
54.5
10 am
ISM manufacturing index
Aug.
58.1%
10 am
Construction spending
July
-1.1%
Varies WEDNESDA Y, SEPT. 5
WEDNESDAY, SEPT. 5
8:30 am
Trade deficit
WEDNESD WEDNESDAY, SEPT. AY, SEPT. 5 5 July
WEDNESDAY, SEPT. 5
WEDNESDAY , SEPT. 5 -$46.3bln
THURSDAY, SEPT. 6 8:15 am
ADP employment
Aug.
219,000
8:30 am
Weekly jobless claims
9/1
--
8:30 am
Productivity
Q2
2.9%
8:30 am
Unit labor costs
Q2
-0.9%
9:45 am 10 am
ISM nonmanufacturing index
10 am
Factory orders
Aug.
55.7%
July Disclaimer
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