Special Report 10-Sep-2018
Global markets at a glance Wall Street's major indexes fell on Friday as US President Donald Trump raised the possibility of additional tariffs on Chinese imports and Apple Inc indicated that some of its products could be subjected to such levies. US stocks were lower for most of Friday's session but dipped further in the last half-hour of trading on reports that Apple products, including the Apple Watch and AirPods, would be slapped with duties. Apple shares, which had been in positive territory for most of the session, ended 0.8 percent lower.The company provided those details in response to the White House's proposed tariffs on USD 200 billion worth of Chinese imports. A comment period for those tariffs ended on Thursday night. Earlier on Friday, White House economic adviser Larry Kudlow said Trump would not make any decisions on those tariffs until officials evaluated public comments. Asian shares started the week in the red on Monday, faltering for the eighth straight day while the dollar held on to recent gains as US President Donald Trump raised the stakes in the heated trade dispute with China. MSCI’s broadest index of Asia-Pacific shares outside Japan was last down 0.7 percent, piling on losses from last week when it dropped 3.5 percent for its worst weekly showing since mid-March.Japan's Nikkei opened lower but quickly pared losses after revised second quarter gross domestic product data showed the world's third-biggest economy grew at its fastest pace since 2016. Previous day Roundup The Nifty after opening at 11,558.25 on Friday fell sharply below 11,500 to hit an intraday low of 11,484.40. It rebounded in late morning trade to hit an intraday high of 11,603. The index saw some profit booking at higher levels, which dragged the market tad below the psychological 11,600-mark at close. It ended the session 52.20 points higher at 11,589.10. The index formed a small bullish candle on the daily charts, which also resembles a hammer like pattern. Recovery in the dollar-rupee and stability in crude oil prices supported the market.The index snapped its six-week winning streak, forming a bearish engulfing candle on the weekly chart. It corrected 0.8 percent in the passing week after registering a 6 percent rally in the previous six consecutive weeks. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[35.25], Consumption[85.85pts],Bank[12.75pts],Auto [238.10pts],FinService[0.30pts],Fmcg[197.05pts],Media [ 1 9 . 9 0 pt s ] ,P ha rm a [7 8 . 1 0 p t s] , I T[ 2 3 .1 0 p t s] ,M et a l [67.55pts],Realty[1.70 pts], Pvt Bank[27.50pts].
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
Hero Motocorp
3,329.35
164.50
5.20
Bajaj Auto
2,923.55
140.45
5.05
Bharti Airtel
389.60
17.30
4.65
Lupin
959.40
41.45
4.52
M&M
973.70
38.75
4.14
CMP
Change
% Chg
323.40 664.25 377.45 1,920.00 195.70
-15.80 -13.15 -7.35 -36.15 -3.60
-4.66 -1.94 -1.91 -1.85 -1.81
Top Losers Company
Yes Bank Sun Pharma Adani Ports HDFC Power Grid Corp
Stocks at 52 Week’s HIGH APLLTD AUROPHARMA
625.7 759.3
14 43.25
2.24 5.7
CENTEXT
8.7
-0.45
-5.17
DIVISLAB
1317
-9
-0.68
DRREDDY
2566.95
58.05
2.26
13.3
0.65
4.89
Prev. Close
Change
%Chg
32.6 9.35 5.7 210.55 418.85
-0.35 0.35 0.15 -3.65 4.15
-1.07 3.74 2.63 -1.73 0.99
ELECTROSL
Stocks at 52 Week’s LOW Symbol
21STCENMGM BIOFILCHEM BLUEBLENDS CENTURYPLY COCHINSHIP
Indian Indices Company
CMP
Change
% Chg
NIFTY
11589.10
52.20
0.45
SENSEX
38389.82
147.01
0.38
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Special Report 10-Sep-2018
RECOMMENDATIONS [FUTURE] 1. BAJFINANCE [FUTURE ] From the daily chart it is clear that the particular script has shown a bounced back support level around 2680 and closed with a bull candle it can correct upto the levels of 2640 while in the intraday movement here we suggest to make a long position around the levels of 2640.-2645 for the targets of 2660-2680 with stoploss below 2625.
2. HINDUNILVER [FUTURE] The particular script has rebounded from its support level of 1612 by making a bullish candle at this it shows it can move upward by 1-2 percent. Today it can also get momentum because market has closed on a positive note so we advice you to buy hindunilver future around the levels of 16301625 for the targets of 1650-1670 with stoploss below 1615.
STOCK RECOMMENDATION [CASH] EQUITAS [CASH] 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 shown some bounce back and closed with a bull candle after that on Friday it made a bullish candle and clsoed above its earlier resistance level of 154.35 Now it has to continue to hold above 155-155.50 zones to extend its move towards 160 here we suggest to make a long position around the levels of 155.20-156 for the targets of 160-164 with the stoploss 153.
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
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Special Report 10-Sep-2018
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
CE
11,700 90.25
1,36,999
26,95,350
BANKNIFTY
CE
27,900
22
1,34,850
3,98,600
BANKNIFTY
CE
28,000
15
1,26,519
10,70,440
TATAMOTORS CE
280
7.9
11,816
59,73,000
YESBANK
CE
350
6.7
9,097
93,73,000
YESBANK
CE
340
9.4
8,437
46,93,500
TATAMOTORS CE
290
4.6
8,212
33,45,000
1,300
23.1
7,991
32,92,000
RELIANCE
CE
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST Symbol
Optio Strike n Price Type
LTP
Axis Bank appoints Amitabh Chaudhry as MD & CEO, to take charge from Jan 1
Jet Airways gets govt approval to appoint Sharad Sharma as independent director
NIFTY FUTURE After maintaining a long term up trend nifty future
2,83,500
Traded Volume (Contracts)
Open Interest
BANKNIFTY
PE
27,200
54
2,23,931
6,48,880
BANKNIFTY
PE
27,300
78
2,12,311
5,72,400
NIFTY
PE
11,500 82.15
1,67,486
47,95,875
YESBANK
PE
320 12.55
5,596
26,00,500
TATAMOTORS PE
270
5.55
4,735
10,92,000
YESBANK
PE
300
5.8
4,692
33,54,750
SUNPHARMA PE
640
9.6
4,667
11,71,500
YESBANK
330 16.95
3,989
30,92,250
PE
showed 7 days correction and respected its crucial support level of 11540 from were it again resumed its uptrend by making two indecision candles, it confirmed its further uptrend by making a bull candle with stochastic momentum indicator around 40 . Last week Nifty future closed at 11632.95, near to its crucial resistance level of 11650, today we expect that it would break this level and give good earning opportunity so we advice you to buy nifty future around the the levels of 11650-11660 for the targets of 11700-11750 with stoploss below 11600.
FII DERIVATIVES STATISTICS BUY
SELL
No. of Contracts
Amount in Crores
INDEX FUTURES
36351
3404.67
49533
4559.66
INDEX OPTIONS
1485845
153605.91
1428525
STOCK FUTURES
210856
15000.00
STOCK OPTIONS
109157
8227.38
OPEN INTEREST AT THE END OF THE DAY
No. of Amount in No. of Contracts Crores Contracts
Amount in Crores
NET AMOUNT
277458
24111.69
-1154.9889
147721.66
847946
75717.41
5884.2465
211541
14876.46
1140281
86418.70
123.5435
108620
8183.91
102501
7781.01
43.4675 4896.2686
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
11677.00
11633.00
11558.00
11514.00
11439.00
BANKNIFTY
27688.00
27584.00
27408.00
27304.00
27128.00
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Special Report 10-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 10-Sep-2018
RECOMMENDATIONS GUARGUM TRADING STRATEGY: BUY GUARGUM OCT FUT ABOVE 9400 TGT 9450 9500 SL BELOW 9360 SELL GUARGUM OCT FUT BELOW 9330 TARGET 9380-9340 SL 9470.
NCDEX INDICES Index
Value
% Change
Barley Castor Seed Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT
1607 4634 3845 4740 1666.5 4306
-0.89 -0.71 -0.62 -0.94 -2.91 -1.69
Jeera
18955
-0.32
4083 3249 6486
0.99 -0.15 -0.76
Mustardseed Soy Bean Turmeric
DHANIYA TRADING STRATEGY: BUY DHANIYA SEP FUT ABOVE 4800 TGT 4850 4900 SL BELOW 4760 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 10-Sep-2018
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
71.9009 Yen
64.9800
Euro
83.6744 GBP
93.0364
USD/INR TRADING STRATEGY: BUY USDINR ABOVE 72.80 TGT 73.30 73.80 SL BELOW 72.40 SELL USDINR BELOW 71.80 TGT 71.30 71.00 SL ABOVE 72.40
GBP/INR TRADING STRATEGY: BUY GBPINR ABOVE 93.60 TGT 94.00 94.50 SL BELOW 93.20 SELL GBPINR BELOW 93.00 TGT 92.50 92.00 SL ABOVE 93.60
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 10-Sep-2018
Date
Commodity/ Currency Pairs
07/09/18
NCDEX DHANIYA
SEP
BUY
07/09/18
NCDEX DHANIYA
SEP
07/09/18
NCDEX GUARGUM5
07/09/18
Contract Strategy
Entry Level
Target
Stop Loss
Remark
4940
4990 5040
4900
NOT EXECUTED
SELL
4640
4600-4570
4670
NOT EXECUTED
OCT
BUY
9620
9670 9720
9580
NOT EXECUTED
NCDEX GUARGUM5
OCT
SELL
9430
9380-9340
9470
NOT EXECUTED
07/09/18
MCX GOLD
OCT
BUY
30400
30500 30700
30300
TARGET HIT
07/09/18
MCX GOLD
OCT
SELL
30300
30200 30000
30400
NOT EXECUTED
07/09/18
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
07/09/18
NIFTY
FUTURE
SELL
11540-550
11500-450
11600
TARGET HIT
07/09/18
BPCL
FUTURE
BUY
357-358
362-367
354
OPEN
07/09/18
EQUITAS
FUTURE
BUY
155.50-156
158-160
154.50
TARGET HIT
07/09/18
BANDHANBANK
CASH
BUY
656-658
668–680
650
OPEN
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Special Report 10-Sep-2018
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS TIME (ET)
REPORT
PERIOD
ACTUAL
FORECAST
PREVIOUS
MONDAY, SEPT. 10 12:01 am
Eric Rosengren interview with MarketWatch 11 am
12 pm
Raphael Bostic speaks
3 pm
Consumer credit
July
TUESDAY, SEPT. 11
TUESDAY, SEPT. 11
TUESDAY, SEPT. 11
$10bln TUESDAY, SEPT. 11
TUESDAY, SEPT. 11
TUESDAY, SEPT. 11
6 am 10 am
Job openings
July
6.7 mln
10 am
Wholesale inventories
July
0.1%
2:20 pm WEDNESDAY , SEPT. 12
WEDNESDAY, SEPT. 12
8:30 am
Producer price index
9:40 am
James Bullard speaks
2 pm
Beige book
WEDNESD WEDNESDAY, SEPT. AY, SEPT. 12 12 Aug.
WEDNESDAY, SEPT. 12
WEDNESDAY, SEPT. 12 0.0%
THURSDAY, SEPT. 13 8:30 am
Weekly jobless claims
8:30 am
Consumer price index
9/8 Aug. Disclaimer
-0.2%
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