Special Report 9-July-2018
Global markets at a glance US stocks climbed on Friday, with the S&P 500 and the Nasdaq hitting their highest levels in two weeks, as strong US jobs growth blunted the impact of an escalating USChina trade dispute.Nonfarm payrolls increased by 213,000 jobs last month, the US Labor Department said, topping expectations of 195,000, while the unemployment rate rose from an 18-year low to 4 percent and average hourly earnings rose 0.2 percent. The moderate wage growth allayed fears of a strong buildup in inflation pressures and boosted optimism that the Federal Reserve would stay on a path of gradual interest rate increases. Asian share markets crept higher on Monday following favorable US jobs data, while sterling slipped after two members of the British government resigned over Brexit and put the future of Prime Minister Theresa May in doubt.The pound peeled off around a third of a US cent to USD 1.3292 GBP=D3 in early trading as news broke British Brexit Secretary David Davis and Brexit Minister Steven Baker had resigned.The loss came just two days after a meeting at May’s Chequers country residence supposedly sealed a cabinet deal on Brexit and underlines the deep divisions in her ruling Conservative Party over the departure from the EU. Previous day Roundup The Nifty, which started on a flat note on Friday, gained momentum and reclaimed its crucial resistance level of 10,800, but last hour selling saw it close at 10,772.The index formed a ‘Shooting Star’ kind of pattern on the daily charts and a 'hammer’ kind of pattern on the weekly scale.The Nifty took support at its 13-day exponential moving average (EMA) and bounced back to close at 10,772 levels. It hit an intraday low of 10,735 and an intraday high of 10,816.35.India VIX fell down 1.11 percent to 12.45. It has been falling down for the last four trading sessions. Lower volatility indicates limited downside in the market till it remains below 13.50 zones. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[11.5pts], Consumption[15.40pts],PSE[26.55pts],CPSE [21.50pts],Energy[112.75pts],FMCG[ -54.5pts],Auto [142.1 pts],Pharma[ -84 .35pts],IT[45.4 pts],Metal[ 0.4pts],Realty[2.65 pts], Fin Serv sector[-19.2pts].
World Indices Index
Value
% Change
24,356.70
0.75
S&P500
2,738.50
0.00
NASDAQ FTSE100
7,586.40 7,547.85
1.12 -1.18
21,644.83 28,144.92
-0.77 -2.88
DJI
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
HINDPETRO
268.05
11.65
4.52
TATAMOTORS
271.15
7.95
3.67
3,629.85
142.05
3.54
989.85
19.50
2.19
1,912.20
37.45
1.7
HEROMOTOCO GRASIM TCS
Top Losers Company
CMP
Change
% Chg
CIPLA TECHM INFRATEL DRREDDY
612.15 635.45 298.95 2,266.95
-14.10 -11.70 -4.45 -31.65
-2.3 -1.73 -1.48 -1.38
559
-7.95
-1.40
SUNPHARMA
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
4.65
0.2
4.3
1321.4
0.1
0.01
2
0.1
5
1127.3
29.25
2.59
1688
-12
-0.71
ALOKTEXT ASIANPAINT ELECTROSL GARWALLROP HINDUNILVR
Stocks at 52 Week’s LOW Symbol
ADORWELD AMTEKAUTO ANTGRAPHIC APARINDS APOLLO
Prev. Close
Change
%Chg
301.25 8.25 0.55 654.6 148.3
-10 0.3 0 -3.05 -2.05
-3.32 3.64 0 -0.47 -1.38
Indian Indices Company
CMP
Change
% Chg
NIFTY
10772.65
22.90
0.21
SENSEX
35657.86
83.31
0.23
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Special Report 9-July-2018
RECOMMENDATIONS [FUTURE] 1.INFY [FUTURE ] The base line (26 period high low average ) is acting as a support level at 1270 level, as per the trend IT sector is going but reboudning from its support level here we can buy on reversal so we advice you to BUY INFY FUTURE AROUND 1310-1312 TGT 1325-1350 SL BELOW 1300
2.APOLLOTYRE [FUTURE] As per the intraday movement the particular counter has made a breakout above its crucial resistance level of 254 and has closed above as per its movement on Monday it can show some correction so you can take long position after it touches its support level of 254 so we advice you to BUY APOLLOTYRE FUTURE AROUND 254-254.50 TGT 258-262 SL BELOW 251
STOCK RECOMMENDATION [CASH] SHANKARA [CASH] The particular conter is consolidating within a range from where we can get a chance of reversal, 1514 is an important support level here you can buy on reversal so we advice you to BUY SHANKARA AROUND 1590-1600 TGT 1640-80 SL BELOW 1570
MACRO NEW Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 66.5 points or 0.62 percent. Nifty futures were trading around 10,832level on the Singaporean Exchange. Asian share markets crept higher on Monday following favorable US jobs data, while sterling slipped after two members of the British government resigned over Brexit and put the future of Prime Minister Theresa May in doubt.MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.2 percent, on top of 0.7 percent rally on Friday. Japan's Nikkei followed up with gains of 1 percent on Monday. Job creation in the world's largest economy continued its brisk pace in June but the unemployment rate jumped as more people joined the hunt for employment, according to a government report today. The US added 213,000 new jobs for the month, well above analyst expectations, but the jobless rate rose 0.2 points to four percent, erasing May's improvement.As unemployment rose, the closelywatched labour force participation rate also edged higher to 62.9 percent, while the number of people counted as unemployed rose to 6.6 million people, up nearly a half million. Public sector banks are planning to tap the markets to raise more than Rs 50,000 crore this fiscal to shore up their capital base for business growth and meeting regulatory global risk norms.
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Special Report 9-July-2018
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
CE
10800 95.25
2,05,668
37,77,300
NIFTY
CE
10900 52.95
1,46,722
31,53,525
BANKNIFTY
CE
26700
74
1,78,354
4,44,760
BANKNIFTY
CE
26600 111.55
1,65,379
3,91,480
TATAMOTORS CE
280
5.6
6034
55,35,000
RELIANCE
CE
1000
16.3
5550
35,41,000
ASHOKLEY
CE
140
1.95
5541
45,80,000
MARUTI
CE
9500
97
5033
81375
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST
Trigyn Tech has bagged an order from Nashik Municipal Smart City Development
Ashok Leyland plans to international operations
scale
up LCV biz,
NIFTY FUTURE
2,83,500
Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
NIFTY
PE
10700
87.5
1,74,518
NIFTY
PE
10600
59
1,13,581
BANKNIFTY
PE
26300
76
1,31,311
BANKNIFTY
PE
26000
24.8
1,30,396
MARUTI
PE
9000 52.55
3569
TATAMOTORS PE
260
4.9
3022
RELIANCE
PE
960 14.95
2503
RELIANCE
PE
940
2211
9
Open Interest
The Nifty, which started on a flat note on Friday, gained 36,29,625 momentum and reclaimed its crucial resistance level of 10,800, but last hour selling saw it close at 10,772. 51,74,550 The index formed a ‘Shooting Star’ kind of pattern on the 3,99,480 daily charts and a 'hammer’ kind of pattern on the 7,48,520 weekly scale.The Nifty took support at its 13-day 1,29,825 exponential moving average (EMA) and bounced back to close at 10,772 levels. It hit an intraday low of 10,735 18,16,500 and an intraday high of 10,816.35.We recommend to 12,45,000 BUY NIFTY FUTURE AROUND 10720-10740 TGT 1080014,91,000 10850 SL ABOVE 10680.
FII DERIVATIVES STATISTICS BUY
SELL
No. of Contracts
Amount in Crores
INDEX FUTURES
21339
1875.18
26507
2425.00
INDEX OPTIONS
925165
90098.59
915408
STOCK FUTURES
143157
9276.69
STOCK OPTIONS
68719
4762.33
OPEN INTEREST AT THE END OF THE DAY
No. of Amount in No. of Contracts Crores Contracts
Amount in Crores
NET AMOUNT
245786
20201.28
-549.8184
89215.30
638605
53648.74
883.2853
142552
9182.84
1149054
79729.12
93.8536
69376
4794.35
59195
4005.05
-32.0172 395.3033
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
10868.10
10821.05
10769.65
10722.60
10671.20
BANKNIFTY
26672.28
26578.82
26490.48
26397.02
26308.68
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Special Report 9-July-2018
RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD AUG FUT ABOVE 30750 TGT 30800 30850 SL BELOW 30700 SELL GOLD AUG FUT BELOW 30540 TGT 30500 30450 SL ABOVE 30600
COMMODITY ROUNDUP Gold prices were lower on Friday as the U.S. dollar weakened and U.S. trade tariffs against China went into effect.U.S. tariffs on $34 billion worth of Chinese goods went into effect at 12:01 AM ET (04:01 GMT) on Friday, with additional tariffs on another $16 billion expected to go into effect in two weeks. Meanwhile U.S. President Donald Trump has given instructions to identify a further $300 billion in possible Chinese goods. China previously said it would retaliate with tariffs on $34 billion of American goods, including agricultural products, crude imports, and vehicle products.The precious metal was also held back by the Federal Reserve expressing concerns about the trade war, according to minutes from its last policy meeting in June."Most (Fed policymakers) noted that uncertainty and risks associated with trade policy had intensified and were concerned that such uncertainty and risks eventually could have negative effects," according to the minutes.
SILVER TRADING STRATEGY: BUY SILVER SEP FUT ABOVE 39920 TGT 39970 40020 SL BELOW 39870 SELL SILVER SEP FUT BELOW 39670 TGT 39620 39570 SL ABOVE 39720
Oil slipped towards $77 a barrel on Friday, under pressure from higher Saudi production and trade tensions between the United States and China, although oil supply disruptions lent support.Top exporter Saudi Arabia told OPEC it raised oil output by almost 500,000 barrels per day last month, OPEC sources said, a sign Riyadh wants to make up for shortages elsewhere and dampen prices. crude , the global benchmark, was down 19 cents at $77.20 a barrel by 0910 GMT. U.S. crude slipped 2 cents to $72.92. "On the bearish side both Saudi Arabia and Russia are living up to their promise to increase output," said Tamas Varga of oil broker PVM. "Looming U.S. sanctions on Iran, however, are causing serious concerns amongst market players."U.S. tariffs on $34 billion in Chinese imports took effect as a deadline passed on Friday and Beijing has vowed to respond immediately in kind, setting the two world's biggest economies on a path towards a full-blown trade conflict."The oil market is in the hands of global politics," said Norbert Ruecker, head of macro and commodity research at Julius Baer. "China's reciprocation will in a first tranche include agricultural commodities and in a second tranche most likely oil products and crude oil." A U.S. government report also weighed on prices this week, by crude stockpiles rose 1.3 million barrels and showing unexpectedly ample supplies after analysts had forecast a decline.
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Special Report 9-July-2018
RECOMMENDATIONS GUARGUM5 BUY GUARGUM JULY ABOVE 8630 TARGET 8680 8710 SL 8600 SELL GUARGUM JULY BELOW 8410 TARGET 8370 8340 SL 8440
NCDEX INDICES Index
Value
% Change
Barley Castor Seed Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT
1470.5 4278 3612 4773 1542 3875.5
-0.57 2.1 0.89 0.82 0.72 -0.23
Jeera
18575
1.12
4001 3526 7150
-0.67 -1.48 0.3
Mustardseed Soy Bean Turmeric
USDA forecasts that China's soybean imports will increase to 100.5 MMT in MY18/19 from the estimated 97 MMT in MY17/18. This forecast, is 2.5 MMT lower than USDA's June forecast. Due to the combination of the moderate increase in domestic soybean production, together with the slowdown in growth of soybean meal use, a net growth of 3.5 MMT of soybean imports in MY18/19 is expected to meet the Chinese demand growth for protein meals.
CORINDER BUY CORIANDER JULY ABOVE 4830 TARGET 4860 4890 SL 4800 SELL CORIANDER JULY BELOW 4715 TARGET 4685 4655 SL 4745
U.S. soybean exports to China continue to face strong competition from soybean exports from South America. Excessive soybean stocks and a fall in the soybean price in Brazil attributed to the 14.2 MMT of Brazilian soybean exports to China in the first half of MY17/18. This is significantly higher than the 5.2 MMT during the same period in MY16/17. Despite China's net growth of over 2 MMT of soybean imports in the first half of MY17/18, total soybean imports from the United States fell to 24.4 MMT in this period, down from the 31.6 MMT in the previous year. Chinese importers note that Brazilian soybeans have a one percent higher protein content than U.S. soybeans. Importers were previously willing to pay a slightly higher price for soybeans with a higher protein content, but with the drop in the price of Brazilian soybeans, exports are now surging As per official data, Ukraine supplied some 1 MMT of wheat to foreign markets in May 2017/18. This was down 10% from April (1.1 MMT) but up 2% from May 2016/17 (986.8 KMT). In July-May 2017/18, wheat exports totaled 16.3 MMT, or 3% less than in the same period in MY 2016/17. Ukrainian wheat shipments to the European Union and Indonesia grew substantially in the current season. In the period under review, exports to Indonesia increased to 2.1 MMT that was 31% more than in the whole of MY 2016/17.
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Special Report 9-July-2018
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
68.5757 Yen
62.2500
Euro
80.6328 GBP
91.1432
USD/INR BUY USDINR ABOVE 69.20 TGT 69.50/69.80 SL BELOW 69.00 SELL USDINR BELOW 68 TGT 67.80/67.55 SL ABOVE 68.20
GBP/INR BUY GBPINR ABOVE 91.50 TGT 91.70/91.90 SL BELOW 91.30 SELL GBPINR BELOW 91.20 TGT 91.00/90.70 SL ABOVE 91.50
The U.S. dollar was modestly lower on Friday as the salvos of a trade war between the U.S. and China began.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies.Trade conflict between the two biggest economies in the world began in force on Friday, when U.S. tariffs on $34 billion worth of Chinese goods went into effect at 12:01 AM ET (04:01 GMT). An additional tariffs on another $16 billion expected to go into effect in two weeks. Meanwhile U.S. President Donald Trump has given instructions to identify a further $300 billion in possible Chinese goods. China has also retaliated with tariffs on $34 billion of American goods, according to Xinhua news. Beijing had previously said it would impose tariffs on U.S. agricultural products, crude imports, and vehicle products.The dollar was lower against the safe-haven yen, with USD/JPY decreasing 0.03% to 110.62. In times of uncertainty, investors tend to invest in the Japanese yen, which is considered a safe asset during periods of risk aversion.The euro gained ground, boosted by strong German industrial orders on Thursday and reports that the U.S. could soften its trade tariffs on European Union automakers. Major currencies trod water early on Friday as investor caution prevailed ahead of Washington's implementation of its threatened tariffs on Chinese goods and the U.S. jobs report due later in the day.The United States is due to begin collecting tariffs on $34 billion in Chinese goods at 0401 GMT on Friday. Focus has shifted to how China will retaliate and the potential volatility that could cause in the global financial markets. U.S. President Donald Trump warned that subsequent rounds of tariffs could apply to more than $500 billion of Chinese goods - roughly the amount that the United States imported from China last year as the world's two largest economies hurtled toward the start of a trade war. dollar index against at basket of six major currencies was a shade lower at 94.362 .DXY after slipping to 94.177, its lowest since June 26, the previous day.
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Special Report 9-July-2018
Date
Commodity/ Currency Pairs
06/07/18
NCDEX DHANIYA
JULY
BUY
06/07/18
NCDEX DHANIYA
JULY
SELL
06/07/18
NCDEX GUARGUM5
JULY
BUY
06/07/18
NCDEX GUARGUM5
JULY
06/07/18
MCX GOLD
06/07/18
Contract Strategy
Entry Level
Target
Stop Loss
Remark
4800
4830 4860
4770
SL TRIGGERED
4670 4640
4730
NOT EXECUTED
8400
8430 8460
8370
NOT EXECUTED
SELL
8140
8100 8070
8170
NOT EXECUTED
AUG
BUY
30970
31070-31270
30870
NOT EXECUTED
MCX GOLD
AUG
SELL
38830
30730-30530
30870
NOT EXECUTED
06/07/18
MCX SILVER
SEP
BUY
40000
40200-40500
40800
NOT EXECUTED
06/07/18
MCX SILVER
SEP
SELL
39600
39400-39100
40800
OPEN
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
Entry Level
Target
Stop Loss
Remark
06/07/18
NIFTY
FUTURE
BUY
10700-10710
10750-10800
10650
NOT EXECUTED
06/07/18
JETAIRWAYS
FUTURE
SELL
335-334
330-326
338
SL TRIGGERED
06/07/18
BHARATFIN
FUTURE
SELL
1194-96
1188-1180
1200
NOT EXECUTED
06/07/18
ADANITRANS
CASH
BUY
161.60-162
165-170
159
SL TRIGGERED
4700
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Special Report 9-July-2018
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS TIME (ET)
REPORT
PERIOD
ACTUAL
FORECAST
PREVIOUS
--
54.6
0.0%
1.8%
MONDAY, JULY 2 9;45 am
Markit manufacturing PMI (final)
June 10 am
10 am
Construction spending
May
TUESDAY, JULY 3
TUESDAY, JULY 3
TUESDAY , JULY 3
TUESDAY, JULY 3
TUESDAY, JULY TUESDAY, 3 JULY 3
Varies 10 am
Factory orders
May
-0.1%
WEDNESD AY, JULY 4
WEDNESDAY, JULY 4
WEDNES WEDNESDAY, JULY DAY, 4 JULY 4
THURSDA Y, JULY 5
THURSDAY, JULY 5
THURSD AY, JULY THURSDAY, JULY 5 5
8:15 am
ADP employment
8:30 am 9:45 am
-0.8%
WEDNESDAY, WEDNESD JULY 4 AY, JULY 4
THURSDAY, JULY 5
THURSDA Y, JULY 5
June
--
178,000
Weekly jobless claims
6/23
224,000
227,000
Markit services PMI (final)
June
56.5
10 am 2 pm
FOMC minutes
Disclaimer
FRIDAY, JULY 6
FRIDAY, JULY 6
FRIDAY, JULY 6
FRIDAY, JULY 6
FRIDAY, JULY 6
FRIDAY, JULY 6
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