Special Report 7-Sep-2018
Global markets at a glance The tech-heavy Nasdaq saw sharp declines on Thursday as internet stocks faltered for a second day on concerns about increased regulation, while a warning from KLA Tencor led a slide in chip stocks. Chipmaker Micron sank 9 percent after Chief Financial Officer David Zinsner said prices of NAND chips declined in the third quarter and at least two brokerages said the markets for NAND and DRAM chips were worsening.Facebook fell 2.7 percent, Twitter dropped 2.1 percent, Alphabet slipped 1.8 percent and Snap was down 2.3 percent, hitting a fresh record low. The losses, along with those in chip companies sent the S&P 500 technology index down 1.32 percent, the most among the major 11 S&P sectors. Asian shares slipped to a 14-month trough on Friday as investors feared a new round of Sino-US tariffs could come at any moment, while a slump in US chip stocks rippled through the tech sector. MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.34 percent to reach its lowest since mid-July last year.The Nikkei fell 0.9 percent, undermined by a rising yen and reports US President Donald Trump could be contemplating taking on Japan over trade. 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.India VIX fell by 1.03 percent to 13.64. Pause in the VIX after the sharp spurt of 10 percent indicates some consolidation could be seen with support zones. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[28.80], Consumption[-11.65pts],Bank[92.65pts],Auto [10.15pts],FinService[42.15pts],Fmcg[-11.60pts],Media [ 9 .0 0 pt s ], P h a rm a [2 7 9 . 7 5 p t s] , I T[ 4 1 .7 5 p t s] ,M et a l [9.00pts],Realty[1.40 pts], Pvt Bank[58.90pts].
World Indices Index
Value
% Change
25,995.87
+0.08
S&P500
2,884.50
-0.16
NASDAQ
7,922.73
-0.91
FTSE100
7,318.96
-0.88
22,205.82 26,699.16
-1.27 -1.03
DJI
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
1,261.40
34.40
2.80
Cipla
662.10
15.55
2.41
Coal India
283.65
6.05
2.18
Sun Pharma
677.40
13.65
2.06
Power Grid Corp
199.30
3.65
1.87
CMP
Change
% Chg
46.55 470.40 235.40 8,759.85 339.20
-1.35 -12.05 -4.55 -136.25 -4.60
-2.82 -2.50 -1.90 -1.53 -1.34
Reliance
Top Losers Company
Idea Cellular Zee Entertain Hindalco Maruti Suzuki Yes Bank
Stocks at 52 Week’s HIGH APLLTD CENTEXT
634.95 8.2
-13.55 0.5
-2.13 6.1
ELECTROSL
12.7
0.6
4.72
GANGOTRI
2.9
0.1
3.45
GLENMARK
673.75
7.25
1.08
179.3
11.6
6.47
Prev. Close
Change
%Chg
33.25 17.05 986.6 372.35 13.5
-0.65 -0.8 -1.05 -0.45 0
-1.95 -4.69 -0.11 -0.12 0
HIKAL
Stocks at 52 Week’s LOW Symbol
21STCENMGM ABMINTLTD ACCELYA ATULAUTO CUBEXTUB
Indian Indices Company
CMP
Change
% Chg
NIFTY
11536.90
59.90
0.52
SENSEX
38242.81
224.50
0.59
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Special Report 7-Sep-2018
RECOMMENDATIONS [FUTURE] 1. EQUITAS [FUTURE ] From the daily chart it is clear that the particular script has shown a reversal from its 200 days SMA which is acting a support level around 148 from where it has show some bounce back and closed with a bull 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 equitas around its level of 155.50-156 for the targets of 158-160 with stoploss below 154.50.
2. BPCL [FUTURE] The particular script has rebounded from its support level of 350 by making a indecision candle and can upward upto 2-3 percent. Today it can also get support because market has closed on a positive so we advice you to buy bpcl future around the levels of 357-358 for the targets of 362-367 with stoploss below 354.
STOCK RECOMMENDATION [CASH] BANDHANBANK [CASH] From the daily chart it is clear that the particular script has a support level around 633-630 from where it has shown a reversal.Yesterday it with a doji candle if today it breaks the level of 656 then a clear buying trend can be found so long position can be made around the levels of 656-658 for the targets of 668–680 with stoploss below 650.
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, KCNA said without elaborating. Finance Minister Arun Jaitley on Wednesday said there was no need for panic or knee-jerk reaction in view of the sharp depreciation in the rupee, since it was driven by global factors.
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Special Report 7-Sep-2018
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
CE
11,600 102.85
2,04,055
31,27,200
BANKNIFTY
CE
27,900
0.05
1,94,917
4,48,040
NIFTY
CE
11,700 61.35
1,39,531
RELIANCE
CE
1,300 18.45
9,330
32,84,000
RELIANCE
CE
1,260 34.35
7,914
18,07,000
TATAMOTORS CE
5.35
7,715
60,39,000
CE
1,280
25.7
6,117
22,79,000
TATAMOTORS CE
270
9.3
5,622
36,55,500
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST
L&T Technology Services: Company enters into agreement to acquire Graphene Semiconductor Services.
Welspun Corp entered in to an agreement for supply of at 220 KMT of Pipes for Oil & Gas project in the Americas region
30,21,375 NIFTY FUTURE
280
RELIANCE
2,83,500
Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
Open Interest
BANKNIFTY
PE
27,000
0.05
3,89,294
12,66,720
BANKNIFTY
PE
27,600
116
1,81,407
71,680
NIFTY
PE
11,500 113.5
1,79,101
RELIANCE
PE
1,200
9.45
5,890
RELIANCE
PE
1,220
14.1
4,118
RELIANCE
PE
1,180
6.3
3,803
RELIANCE
PE
1,240
20.7
3,528
TATAMOTORS PE
260
4.85
3,528
Yesterday nifty future broke its crucial resistance level of 44,34,000 11500 and moved towards its next support level of 16,43,000 11445 but after 2:30pm it showed some bounce back from the current level and closed above 11500, today it 9,30,000 may show sideways movement so sell on rise would be 9,22,000 good strategy so we advice you to sell around the levels 13,05,000 of 11540-550 for the targets 11500-450 with stoploss above 11600. 18,10,500
FII DERIVATIVES STATISTICS BUY
SELL
No. of Contracts
Amount in Crores
INDEX FUTURES
39368
3746.60
66711
6074.96
INDEX OPTIONS
1672381
171793.21
1623123
STOCK FUTURES
221763
15427.55
STOCK OPTIONS
129281
9709.37
OPEN INTEREST AT THE END OF THE DAY
No. of Amount in No. of Contracts Crores Contracts
Amount in Crores
NET AMOUNT
267024
23116.23
-2328.3562
167393.50
807937
72303.37
4399.7038
225750
15742.06
1125458
85032.63
-314.5076
129665
9741.55
96922
7341.81
-32.1809 1724.6591
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
11637.00
11586.00
11511.00
11460.00
11385.00
BANKNIFTY
27728.00
27598.00
27422.00
27292.00
27116.00
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Special Report 7-Sep-2018
RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD OCT FUT ABOVE 30600 TGT 30700 30900 SL BELOW 30500 SELL GOLD OCT FUT BELOW 30400 TGT 30300 30100 SL ABOVE 30500
SILVER TRADING STRATEGY: BUY SILVER SEP FUT ABOVE 37200 TGT 37400 37700 SL BELOW 37000 SELL SILVER SEP FUT BELOW 37000 TGT 36800 36500 SL ABOVE 37200
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 7-Sep-2018
RECOMMENDATIONS GUARGUM TRADING STRATEGY: BUY GUARGUM OCT FUT ABOVE 9620 TGT 9670 9720 SL BELOW 9580 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
1615 4667 3855 4765 1708 4366
-1.04 0 -0.75 -2.89 -1.53 0.05
19100
-0.37
4043 3243 6530
0.4 0.03 -1.69
Jeera Mustardseed Soy Bean Turmeric
DHANIYA TRADING STRATEGY: BUY DHANIYA SEP FUT ABOVE 4940 TGT 4990 5040 SL BELOW 4900 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 7-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 71.90 TGT 71.40 71.00 SL ABOVE 72.40
GBP/INR TRADING STRATEGY: BUY GBPINR ABOVE 93.50 TGT 94.00 94.50 SL BELOW 93.00 SELL GBPINR BELOW 93.00 TGT 92.50 92.00 SL ABOVE 93.50
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 7-Sep-2018
Date
Commodity/ Currency Pairs
06/09/18
NCDEX DHANIYA
SEP
BUY
06/09/18
NCDEX DHANIYA
SEP
06/09/18
NCDEX GUARGUM5
06/09/18
Contract Strategy
Entry Level
Target
Stop Loss
Remark
4820
4870 4920
4770
TARGET HIT
SELL
4640
4600-4570
4670
NOT EXECUTED
OCT
BUY
9770
9820 9870
9720
NOT EXECUTED
NCDEX GUARGUM5
OCT
SELL
9430
9380-9340
9470
TARGET HIT
06/09/18
MCX GOLD
OCT
BUY
30400
30500 30700
30300
TARGET HIT
06/09/18
MCX GOLD
OCT
SELL
30300
30200 30000
30400
NOT EXECUTED
06/09/18
MCX SILVER
SEP
BUY
37200
37100 37400
36700
TARGET HIT
06/09/18
MCX SILVER
SEP
SELL
36900
36700 36400
37100
NOT EXECUTED
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
Entry Level
Target
Stop Loss
Remark
05/09/18
NIFTY
FUTURE
SELL
11540-550
11500-450
11600
TARGET HIT
05/09/18
WIPRO
FUTURE
BUY
320-322
326-330
317
OPEN
05/09/18
SBIN
FUTURE
SELL
299-300
302-305
297
SL TRIGGERED
05/09/18
DELTACORP
CASH
BUY
262.90-263
267–273
259
TARGET HIT
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Special Report 7-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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