Special Report
08-FEB-2019
Global markets at a glance
World Indices
Wall Street stocks sank on Thursday as worries that the United States and China would not be able to reach a trade deal increased concerns about slowing global economic growth.The Dow Jones Industrial Average fell 220.77 points, or 0.87 percent, to 25,169.53, the S&P 500 lost 25.56 points, or 0.94 percent, to 2,706.05 and the Nasdaq Composite dropped 86.93 points, or 1.18 percent, to 7,288.35.
Index
Value
% Change
DJI
25286
-0.16
S&P500
2731
-0.22
NASDAQ
7375
-0.36
FTSE100
7173
-0.06
20868 27990
-0.08 +0.21
Asian stocks slipped on Friday as investors fretted about a broadening global economic slowdown, with sentiment not helped by the absence of any positive signs for a resolution in the US-China trade row.MSCI’s broadest index of AsiaPacific shares outside Japan shed 0.3 percent, easing back from a four-month peak touched the previous day. The index stood little changed on the week. Japan’s Nikkei fell 1.2 percent.Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 32.5 points or 0.29 percent. Nifty futures were trading around 11,062level on the Singaporean Exchange.
Top Gainers
PREVIOUS DAY ROUNDOFF Indian equity market witnessed a volatile trading session with benchmark indices ending marginally in the red after a stellar rally on Wednesday.The Nifty ended the day 6 points higher at 11,069 while Bank Nifty ended the weekly expiry at 27,387, down 15 points on account of profitbooking in the second half of the session.Among the sectoral indices, Nifty Media and Auto were the top performers and gained 2.52% and 1.98%, respectively. On the options front, short positions were built in out-ofthe-money call option strikes with 11300CE and 11400CE witnessing an addition of ~3.33 lakh shares and ~4.35 lakh shares, respectively.
NIKKEI HANG SENG Company
CMP
Change
% Chg
Zee Entertain
408.75
20.75
5.35
Sun Pharma
434.9
18.3
4.39
Eicher Motors
21,904.20
799.95
3.79
Bharti Infratel
305.85
9.5
3.21
2,853.60
83.45
3.01
CMP
Change
% Chg
273.1 1,290.40 1,296.05 184.6 209.2
-6.2 -19.85 -18.35 -2.2 -2.2
-2.22 -1.51 -1.4 -1.18 -1.04
Bajaj Auto
Top Losers Company
JSW Steel Reliance Larsen Power Grid Corp Hindalco
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
1,210.50
-7.25
-0.6
172.7
17.4
11.79
300
-2.05
-0.7
DALBHARAT
1,124.95
74.8
7.12
DIVISLAB
1,675.00
13.65
0.83
Prev. Close
Change
%Chg
20.25
-0.4
-1.94
BATAINDIA CANTABIL CHALET
Stocks at 52 Week’s LOW
Index stats
Symbol
The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[+6.55pts], Consumption[+45.95pts],PSE[+14.05pts],CPSE [+18.25pts],Energy[-169.05pts],FMCG[+237.30pts],Auto [+169.30pts],Pharma[+149.25Pts],IT[+30.25pts],Metal [+2.85pts],Realty[-0.15pts], Fin Serv sector[-3.65pts].
3IINFOTECH
2.95
-0.05
-1.61
ABGSHIP ADHUNIK ADLABS
1.65 1.65 8
-0.05 -0.05 0.05
-2.94 -2.94 0.63
21STCENMGM
Indian Indices Company
CMP
Change
% Chg
NIFTY
11069
+6.90
+0.06
SENSEX
36971
-4.14
-0.01
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Special Report
08-FEB-2019
RECOMMENDATIONS [FUTURE]
STOCK RECOMMENDATION [CASH]
1. Titan [FUTURE ] TITAN -In Titan on daily chart as well as weekly we have seen that Buying in this stock by traders as well as investors in last week .Reason behind that quarterly result awaited in this week & also from technical aspect stock now moving towards to break its previous highs.Our recommendation is to Buy 1070 stock target will be 1075/1085 SL below 1060
REPCOHOME Stock has given the breakout of the neckline of the double bottom pattern but can not sustain at upper level .we have seen the weakness on chart We recommend sell below 375 for the target of 370/365 with the stop loss of 385
2. MCDOWNLL –N [FUTURE] MCDOWELL-N – Daily chart of MCDOWELL-N looking good in future .We have seen the stock move towards to breck its resistence level & . Our recommendation is to buy the stock MACRO NEWS future from 580 Target will be 585/590 SL 570. RSI & MACD also showing that uptrend . Traders are bullish in this stock. Oil markets dipped on Friday, dragged down by concerns over a global economic slowdown although supply cuts led by producer club OPEC and USsanctions against Venezuela provided crude with some support.US West Texas Intermediate (WTI) crude futures were at $52.47 per barrel at 0123 GMT, down 17 cents, or 0.3 percent, from their last settlement. WTIdropped by around 2.5 percent the previous session. International Brent crude oil futures were down by 12 cents, or 0.2 percent, at $61.51 per barrel after falling 1.7 percent the previous session.
The rupee on Thursday appreciated by 11 paise to close at 71.45 against the US dollar after the Reserve Bank of India cut the repo rate and changed its policy stance to 'neutral'. Forex traders said the domestic currency gained strength after the Reserve Bank of India Thursday cut benchmark lending rate by 0.25 percentage point to 6.25 percent.
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Special Report
08-FEB-2019
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
Open Interest
BANKNIFTY
CE
27,600
0.05 32,08,247
19,34,320
BANKNIFTY
CE
27,500
0.05 30,23,579
14,18,240 crore versus Rs 1,001.91 crore YoY.
BANKNIFTY
CE
27,700
0.05 22,03,432
RELIANCE
CE
1,320 23.55
7,569
RELIANCE
CE
1,340
17
7,344
13,29,320 Novartis India Q3: Profit dips to Rs 12.87 crore versus Rs 9,81,500 18.74 crore; revenue falls to Rs 135.62 crore versus Rs 156.1 crore YoY. 6,90,000
RELIANCE
CE
1,360 11.75
5,921
MARUTI
CE
7,300
165
5,226
TATAMOTORS CE
200
2.85
4,993
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST Symbol
Optio Strike n Price Type
BANKNIFTY
PE
BANKNIFTY
Balrampur Chini Mills Q3: Profit jumps to Rs 120.32 crore versus Rs 61.42 crore; revenue falls to Rs 940.91
6,16,500 NIFTY FUTURE NIFTY -On daily weekly chart we have 67,500 identify that Head & Shoulder pattern is forming at the top . Head & shoulder & for a short term forming 47,58,000 Raising wedge pattern in technical term bearish reversal pattern .Nifty ,in last trading session cross the important 2,83,500 resistense level of 11000 with the good volume .Now we Open expect that nifty may move towards 11100-11130 level. Interest Buy nifty future 11100 Target 11130-11175 sl 11000 .
LTP
Traded Volume (Contracts)
27,400
2
30,35,791
7,49,460
PE
27,300
0.05
23,88,285
14,68,240
BANKNIFTY
PE
27,500
110
17,66,448
90,440
RELIANCE
PE
1,300 37.75
7,044
5,45,500
RELIANCE
PE
1,280
27.9
6,775
5,99,000
RELIANCE
PE
1,260
20.6
6,107
8,08,000
RELIANCE
PE
1,240
15.2
4,082
6,91,000
TATAMOTORS PE
180
6.7
3,198
14,34,000
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
43125
3204.07
30814
2204.86
343899
27706.44
999.2021
INDEX OPTIONS
3310075
189036.43
3288093
187862.77
762536
59436.36
1173.6649
STOCK FUTURES
201233
11508.87
191959
11035.46
1465702
88649.76
473.4082
STOCK OPTIONS
133768
8029.33
131979
7944.23
119853
7183.67
85.0916 2731.3668
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
11151
11110
11077
11035
11002
BANKNIFTY
27700
27543
27433
27276
27166
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Special Report
08-FEB-2019
RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD ABOVE 33100 TGT 33150/33200 SL BELOW 32900 SELL GOLD BELOW 32900 TGT 32800/32800 SL ABOVE 33200
SILVER TRADING STRATEGY: BUY SILVER ABOVE 40700 TGT 40750/40800 SL BELOW 40550 SELL SILVER BELOW 40400 TGT 40300/40200 SL ABOVE 40600
COMMODITY ROUNDUP Gold prices on Wednesday declined marginally by Rs 25 to Rs 34,450 per 10 gram at the bullion market in the national capital on muted demand from jewellers, according to the All India Sarafa Association.Silver also slumped Rs 320 to Rs 41,380 per kg on subdued offtake from industrial units and coin makers.Traders attributed the decrease in the prices of the yellow metal to lackluster demand from local jewellers amid weak trend overseas.Globally, gold traded lower at USD 1,313.58 an ounce, while silver was also down at USD 15.75 an ounce in New York.In the national capital, gold of 99.9 per cent and 99.5 per cent purities dropped Rs 25 each to Rs 34,450 and Rs 34,300 per 10 gram, respectively. Sovereign gold, however, held steady at Rs 26,100 per piece of eight grams.Silver ready declined by Rs 320 to Rs 41,380 per kg, while weekly-based delivery witnessed a fall of Rs 322 to Rs 40,323 per kg. On the other hand, silver coins were flat at Rs 80,000 for buying and Rs 81,000 for selling of 100 pieces. Oil fell 1 percent on Wednesday after a report showed a rise in U.S. crude inventories, while concerns about the impact of U.S. sanctions on Venezuela on global supplies eased.U.S. crude inventories rose by 2.5 million barrels last week, the American Petroleum Institute said on Tuesday. The government's official supply report is due later on Wednesday. API/S EIA/S.Benchmark Brent crude LCOc1 had slipped 62 cents to $61.36 a barrel by 1000 GMT, after rallying about 15 percent in January. U.S. crude CLc1 was down 48 cents at $53.18."A bumper January for oil bulls is turning into a gloomy February as the supportive glow of Venezuela's deepening turmoil starts to fade," said Stephen Brennock of oil broker PVM.He said the API figures showing rising stocks "do little to silence the U.S. glut alarm bells."The U.S. announced sanctions on Venezuela's state oil company last week, a move that could curb supplies but the development has yet to push prices up steeply. would seem that the market is really not too worried yet about the potential loss of Venezuelan barrels," analysts at JBC Energy wrote. Concern about weaker global economic growth and the trade dispute between the United States and China have also weighed on sentiment Oil fell on Tuesday after a survey showed euro zone business expansion nearly stalled in January. President Donald Trump said in his State of the Union address that a trade deal with China was possible.
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Special Report
08-FEB-2019
RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM FEB ABOVE 8200 TARGET 8215/8240/8260 SL 8140 SELL GUARGUM FEB BELOW 8150 TARGET 8135/8120/8080 SL 8210
NCDEX INDICES Index
Value
% Change
Barley
1580
0.39
Castor Seed
5096
0.39
Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT
4229 6609 2049 4336
-1.18 -0.05 0.59 -0.09
15910
-0.38
3952 3826 6398
1.24 0.86 0.13
Jeera Mustardseed Soy Bean Turmeric
DHANIYA TRADING STRATEGY: BUY DHANIYA APR ABOVE 6340 TARGET 6355/6370/6400 SL 6280 SELL DHANIYA APR BELOW 6250 TARGET 6235/6220/6190 SL 6310
The government has allowed export of bio-fuels from special economic zones (SEZs) and export-oriented units (EoUs) with certain conditions, according to a notice of the directorate general of foreign trade.In August 2018, the government imposed restrictions on export of bio-fuels for non-fuel purposes.After this restriction, exporters operating from SEZs and EoUs made representations to remove this prohibition stating they only use imported material for export of final product.They also informed government authorities that SEZ units have been granted letter of approval for export of bio-fuels and EoU units have obligations to fulfil under an export promotion scheme. "Considering the hardship faced by the trade community and the fact that production of bio-fuels in EoU/SEZ would be from imported feedstock, therefore, it would not impact the domestic production/consumption. Hence, the restriction as applicable to DTA (domestic tariff area) may not be extended to EoU/SEZ," the DGFT notice said. SEZs and EoUs are export-oriented units outside the ambit of domestic customs laws."Members of trade and industry are informed that export of bio-fuels for non-fuel purposes from EoU/SEZ will be regulated" under certain rules of SEZs and foreign trade policy, it added.It said that the feedstock for production of bio-fuel for export from these areas should be from imported sources only . Unfavorable climatic conditions and water shortage coupled with a static growing area are set to blow India off its No. 1 position in Cotton production worldwide.As per the latest international reports, for the year 2018-19, India will lose its ‘top Cotton producer’ tag to China, which has shown improved yields with better farming practices.
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Special Report
08-FEB-2019
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
71.5850 Yen
65.7175
Euro
81.2975 GBP
92.4275
USD/INR TRADING STRATEGY: USD/INR BUY USDINR FUTURE ABOVE 71. 65 TARGET 71.75 71.85 SL 71.45 SELL USDINR FUTURE BELOW 71.50 TARGET 71.40 71.30 SL 71.70
GBP/INR TRADING STRATEGY: BUY GBPINR FUTURE ABOVE 92.50 TARGET 92.6 92.7 SL 92.30 SELL GBPINR FUTURE BELOW 92.30 TARGET 92.2 92.1 SL 92.50
The euro fell on Thursday ahead of a European Central Bank meeting in which policymakers may express caution about slowing economic growth.The ECB is expected to reaffirm its plan to raise interest rates by the end of the year but traders will focus on how explicitly, if at all, the central bank acknowledges the slow-downThe euro has lost around 1.6 percent of its value over the last two weeks as investors bet the ECB will keep monetary policy accommodative for an extended period.If recent weakerthan-expected economic activity in Germany and France leads ECB President Mario Draghi to point to a potentially longer lasting slowdown, that could hurt the euro."We see a risk of modest dovish bias from Draghi today given the long stream of the soft euro zone data and look for the euro to test $1.1310," said ING FX strategist Petr Krpata.At 0830 the euro was down 0.2 percent at $1.1355 EUR=EBS .Germany, France and Italy, the euro zone's biggest economies, barely grew in the fourth quarter and French business activity fell unexpectedly this month, a survey showed on Thursday. ECB holds its first meeting of the year at a time when concerns are also growing about global trade tensions and Brexit.Sterling traded marginally lower at $1.3043, hovering near highs last seen in mid-November in a sign traders expect Britain to avoid a chaotic exit from the European Union.Some analysts expect limited upside for sterling. Philip Wee, currency strategist at DBS says that most of the gains in the pound are due to the unwinding of short positions. He sees sterling capped in the range of $1.3170-1.3240 The U.S. dollar pushed higher against a basket of its rivals on Thursday but gains were held in check amid concerns over global growth, the U.S. government shutdown and the ongoing U.S.-China trade war."Trade tensions are the most dominant factor for investor sentiment right now and will drive market flows," said Nick Twidale, chief operating officer at Rakuten Securities.Twidale added that investor risk appetite will only improve once concerns over the partial U.S. government shutdown and trade tensions fade.
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Special Report
08-FEB-2019
Date
Commodity/ Currency Pairs
07/2/19
NCDEX DHANIYA
APR
BUY
6340
07/2/19
NCDEX DHANIYA
APR
Sell
07/2/19
NCDEX GUARGUM5
FEB
07/2/19
NCDEX GUARGUM5
07/2/19
Contract Strategy
Entry Level
Stop Loss
Remark
6355/6370/64 00
6280
NOT EXECUTED
6250
6235/6220/61 90
6310
TARGET
BUY
8200
8215/8240/82 60
8260
TARGET
FEB
SELL
8150
8135/8120/80 80
8210
TARGET
MCX GOLD
FEB
BUY
33500
33550/33600
33400
NOT EXECUTED
07/2/19
MCX GOLD
FEB
SELL
33300
33250/33200
33500
TARGET
07/2/19
MCX SILVER
MAR
BUY
40700
40750/40800
40500
NOT EXECUTED
07/2/19
MCX SILVER
MAR
SELL
40400
40300/40200
40600
NOT EXECUTED
Entry Level
Target
Stop Loss
Remark
Target
Date
Scrip
CASH/ FUTURE/ Strategy OPTION
07/2/19
NIFTY
FUTURE
SELL
10900-10850
10750/10600
11000
NOT EXECUTED
07/2/19
TITAN
FUTURE
BUY
1070
1075/1080
1060
SL HIT
07/2/19
MCDOWNLL-N
FUTURE
SELL
540
530
550
NOT EXECUTED
07/2/19
REPOHOME
CASH
SELL
375
370/365
385
NOT EXECUTED
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Special Report
08-FEB-2019
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS TIME (ET)
PERIO ACTUAL D
REPORT
MEDIAN FORECAST
PREVIOUS
-0.2%
-2.1%
THE GOVERNMENT SHUTDOWN WILL DELAY RELEASE OF SOME DATA THIS WEEK MONDAY, FEB. 4 Factory orders (rescheduled) Nov. (Dec. report delayed)
10 am 2 pm
-0.6%
Senior loan officer survey Q4
7:30 pm
Loretta Mester speaks
TUESDAY, FEB. 5 8:30 am
Trade balance
Dec.
DELAYED
--
N/A
9:45 am
Markit services PMI
Jan.
54.2
--
54.2
10 am
ISM nonmanufacturing index Jan.
9 pm
56.7%
57.4%
58.0%
State of the Union address
WEDNESDAY, FEB. 6 8:30 am
Trade balance (rescheduled)
Nov.
-$49.3 bln
-$53.7 bln
-$55.7bln
8:30 am
Productivity*
Q4
DELAYED
--
2.3%
8:30 am
Unit labor costs*
Q4
DELAYED
--
0.9%
6 pm
Randal Quarles speaks
7 pm
Jerome Powell speaks 225,000
253,000
Dec.
--
$22 bln
Dec
--
0.3%
THURSDAY, FEB. 7 8:30 am
Weekly jobless claims
9:30Markit am services index flash
Richard Clarida speaks Nov.
9:45 am
Markit manufacturing index flash
9:45 am
Nov.
3 pm
Consumer credit
7:30 pm
James Bullard speaks
2/2
--
55.7
--
54.8
FRIDAY, FEB. 8 10 am
Wholesale inventories (rescheduled) Disclaimer
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