Special Report 11-July-2018
Global markets at a glance US stocks rose on Monday, helped by bank, industrial and energy shares, as investors looked ahead to a strong quarterly earnings season.
World Indices Index
Value
% Change
24,776.59
1.31
S&P500
2,793.00
0.20
Bank stocks were the biggest gainers, with the S&P banks index rising 2.3 percent, on track for its biggest percentage gain in over three months.
NASDAQ FTSE100
7,325.50 7,687.99
0.35 0.91
JPMorgan , Wells Fargo and Citigroup are scheduled to report results on Friday, kicking off the second-quarter earnings season in earnest.
22,249.15 28,808.03
0.89 0.41
Top Gainers
DJI
NIKKEI HANG SENG Company
CMP
Change
% Chg
A stronger economy and plans for more buybacks are helping bank shares, said Bucky Hellwig, senior vice president at BB&T Wealth Management in Birmingham, Alabama.
Vedanta
226.60
7.50
3.42
Yes Bank
363.30
10.70
3.03
Asian Paints
1,363.10
39.95
3.02
Dr Reddys Labs
2,330.05
61.00
2.69
Asian shares sought to rally for a third session on Tuesday as hopes for upbeat corporate earnings buoyed Wall Street, while several high-profile resignations from Britain's government kept sterling on the defensive.
Axis Bank
525.25
11.55
2.25
CMP
Change
% Chg
MSCI's broadest index of Asia-Pacific shares outside Japan put on 0.2 percent in early trade, adding to a 1.3 percent rise on Monday.
TCS UltraTechCement Titan Company Zee Entertain
1,883.00 3,899.25 821.80 540.60
-29.95 -55.10 -7.85 -4.10
-1.57 -1.39 -0.95 -0.75
Previous day Roundup
Hero Motocorp
3,611.50
-25.60
-0.70
The Nifty, which started off the week on a positive note, maintained uptrend throughout the session and managed to hold on to 10,850 levels at close on Monday, backed by positive global cues.The index made a bullish candle which looked like a 'Hanging Man' kind of pattern. The Nifty, which opened at 10,838.30, jumped to hit an intraday high of 10,860.35, before closing 80.20 points higher at 10,852.90.India VIX fell 0.68 percent to 12.36 levels. VIX has been falling down from last five trading sessions and lower volatility indicates bullish stance of 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[37.75pts], Consumption[26.95pts],PSE[32.90pts],CPSE [33.75pts],Energy[251.55pts],FMCG[127.85pts],Auto [103.55pts],Pharma[-31.50pts],IT[113.90pts],Metal [56.00pts],Realty[4.85 pts], Fin Serv sector[100.65pts].
Top Losers Company
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
ASIANPAINT
1363.1
7.9
0.58
BANDHANBNK
557.95
23.05
4.13
BHARATRAS
6784.55
430.45
6.34
BRITANNIA
6382.85
6.9
0.11
CIGNITITEC
377.65
7.35
1.95
Stocks at 52 Week’s LOW Symbol
ANKITMETAL ANTGRAPHIC ARSSINFRA ATLASCYCLE BHARATIDIL
Prev. Close
Change
%Chg
0.9 0.55 23.2 122.9 3.45
-0.05 0 0.7 4.05 0.15
-5.26 0 3.02 3.3 4.35
Indian Indices Company
CMP
Change
% Chg
NIFTY
10947.30
94.40
0.87
SENSEX
36239.62
304.90
0.85
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Special Report 11-July-2018
RECOMMENDATIONS [FUTURE] 1.EXIDEIND [FUTURE ] The particular counter has closed just below its 52 weeks high ie., 269.80 which is also acting as a crucial resistance level, here we advice you to BUY EXIDEIND FUTURE AROUND 269.90-270.50 TGT 274-278 SL BELOW 267
2.TATAGLOBAL [FUTURE] Due to the strength in the FMCG sector, this stock has rebounded from its 200 DAYS SMA, in todays trading session it can show some correction after bouncing from its support level of 271 here we can buy on reversal so we advice to BUY TATAGLOBAL AROUND 271.50-272.50 TGT 277-285 SL BELOW 268
STOCK RECOMMENDATION [CASH] SREINFRA [CASH] The particular conter is consolidating within a range from where we can get a breakout above 63, here we advice to buy around 63-63.10 TGT 64-65 SL BELOW 62
MACRO NEW Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 35 points or 0.32 percent. Nifty futures were trading around 10,923level on the Singaporean Exchange. Major markets in Asia fell in the morning trade following the release of a list of an additional USD 200 billion in Chinese goods on which the US is considering imposing tariffs. China markets dropped on the back of the news, with the Shanghai composite sinking 2.31 percent in morning trade.Hong Kong's Hang Seng Index slumped 2.02 percent in early trade. Japan's Nikkei 225 fell 1.74 percent while the Kospi declined 1.13 percent. The Trump administration raised the stakes in its trade war with China on Tuesday, saying it would slap 10 percent tariffs on an extra USD 200 billion worth of Chinese imports. The administration released a wideranging list of Chinese goods it proposes be hit with tariffs, including hundreds of food products as well as tobacco, coal, chemicals and tires, dog and cat food, and consumer electronics including television components. Oil rose on Tuesday, supported by a larger-than expected US stock draw and supply concerns in Norway and Libya, though gains were tempered by the United States’ indication that it would consider requests for waivers from Iranian oil sanctions.
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Special Report 11-July-2018
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
Open Interest
CE
10,900 124.1
1,48,434
BANKNIFTY
CE
27,200
18
1,37,387
4,25,360
NIFTY
CE
11,100
35.3
1,00,987
23,20,125
RELIANCE
CE
1,020 25.95
9,267
14,96,000
INDUSINDBK
CE
2,000
14
8,820
7,57,200
RELIANCE
CE
1,040 16.65
7,618
13,80,000
TCS
CE
1,900 35.45
6,777
21,54,000
TATASTEEL
CE
4,298
30,81,144
8.7
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST Symbol
Optio Strike n Price Type
LTP
TCS, IndusInd Bank, Prakash Industries, Kore Foods .
Otco International - Rs 10 to Rs 2
Karnataka Bank introduces cash@PoS facility
25,29,900 NIFTY FUTURE
NIFTY
580
2,83,500
Traded Volume (Contracts)
Open Interest
NIFTY
PE
10,800 53.15
1,55,557
39,67,725
BANKNIFTY
PE
26,900
112
1,38,356
2,73,800
NIFTY
PE
10,900
80
1,28,767
21,21,900
RELIANCE
PE
1,000 11.25
5,383
15,20,000
TCS
PE
1,800 11.85
4,843
12,82,500
RELIANCE
PE
980
6.9
4,380
11,55,000
INDUSINDBK
PE
1,900
20.7
4,112
2,75,700
TCS
PE
1,800
11.6
2,062
7,43,000
Bulls maintained their power at Dalal Street for third consecutive session on Tuesday as the Nifty50 after a strong breakout above 10,900 levels in morning extended rally in later part of the session to reclaim 10,956.90 levels intraday.The index also crossed Karnataka Election Result day's high of 10,929 and closed at five-month high, forming a solid Bullish candle on the daily charts.We recommend to BUY NIFTY FUTURE AROUND 10720-10740 TGT 10800-10850 SL ABOVE 10680.We recommend to BUY NIFTY FUTURE AROUND 10820-10840 TGT 10880-10940 SL ABOVE 10780.
FII DERIVATIVES STATISTICS BUY
SELL
No. of Contracts
Amount in Crores
INDEX FUTURES
41112
3514.19
19431
1742.84
INDEX OPTIONS
482889
45916.63
489898
STOCK FUTURES
149044
10203.82
STOCK OPTIONS
88271
6459.24
OPEN INTEREST AT THE END OF THE DAY
No. of Amount in No. of Contracts Crores Contracts
Amount in Crores
NET AMOUNT
278297
23205.98
1771.3479
46503.87
650078
55037.82
-587.241
146351
9909.07
1137968
80393.76
294.748
89959
6532.22
83635
5783.70
-72.9782 1405.8767
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
11006.00
10976.00
10926.00
10896.00
10846.00
BANKNIFTY
27031.00
26962.00
26870.00
26801.00
26709.00
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Special Report 11-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
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
COMMODITY ROUNDUP COMEX Gold slipped from a one week high as a recovery in US equities clubbed with cues from latest Fed minutes weighed on the metal after prices edged up from a seven month low. The US Federal Reserve is likely to go ahead with interest rate hikes despite mounting concerns about a possible trade war, according to the minutes of the Fed's June meeting. At that meeting, the Fed raised rates and projected four rate increases in 2018 instead of three previously planned. The central bank maintained its outlook for three rate hikes in 2019. MCX Gold futures ended around Rs 30560 per 10 grams after a modest recovery. Local demand is expected to edge up in second half of the year following the current economic momentum though a good monsoon is very much required to sustain rural earnings. Gold has not gained much prominence despite this mayhem of global trade front. Meanwhile, over the past decade, the technology sector has accounted for more than 380 tonnes of gold demand annually, a significant figure in itself and almost 13% ahead of central bank net purchases during the same period. Yet gold’s role in this vibrant and growing industry is broadly unrecognised and often misunderstood, according to Aram Shishmanian, CEO of World Gold Council (WGC). Copper snapped back sharply on Monday from near oneyear lows hit in the session, as a weak dollar forced short holders to cover positions even amid simmering trade war tension. London Metal Exchange copper rallied by 1.6 percent to $6,383.50 after prices slumped to $6,221.50 a tonne on Friday, which was the weakest since late July 2017. There is still huge tightness between the July-August copper contract, suggesting shorts may have to deliver into warehouses in the next week if they can. Indian Copper is set to rebound higher in today's opening session. The prices were down at Rs 431 per kg last week. Expectations for a jump towards Rs 435 per kg cannot to ruled out in Copper. The U.S. economy created more jobs than expected in June, but steady wage gains pointed to moderate inflation pressures that should keep the Federal Reserve on a path of gradual interest rate increases this year. The global economy is starting to show signs of strain from the ??? America First??? push of U.S President Donald Trump who will hear renewed pleas to step back from a broader trade war when he visits Europe in the coming week.
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Special Report 11-July-2018
RECOMMENDATIONS GUARGUM5 BUY GUARGUM ABOVE 8520 TGT 8570 8670 SL BELOW 8380 SELL GUARGUM BELOW 8350 TGT 8300 8200 SL ABOVE 8510
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
CORINDER BUY DHANIYA ABOVE 4730 TGT 4760 4830 SL BELOW 4660 SELL DHANIYA BELOW 4650 TGT 4620 4550 SL ABOVE 4730
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. 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 11-July-2018
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
68.9775 Yen
62.0500
Euro
80.7975 GBP
91.3400
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
Staging a mild recovery from a record closing low, the rupee edged up by 8 paise to end at 68.87 against the US currency, largely tracking gains in key Asian units amid weak dollar tone overseas. The domestic bourses too enjoyed a healthy weekend run. The outcome of the latest FOMC meeting minutes and the release of better-than-expected US ISM nonmanufacturing PMI numbers did little to influence the home currency even as investors braced for a potential interest rate hikes near term. Though, the rupee briefly slipped below 69 levels in midmorning deals but managed to recoup losses on apparent intervention by the Reserve Bank, coupled with greenback selling by exporters.
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 Indian rupee hit a record closing low of 68.95 on Thursday following a panic demand for the US dollar coupled with savage capital flight worries. Meanwhile, fears over a slowdown in the country's economy in the midst of surging international crude oil prices and widening current account deficits predominantly kept the forex sentiment highly nervous. Meanwhile, the latest FOMC June meeting minutes showed that policy makers remain wary over intensifying trade disputes but were still on track for gradual monetary policy tightening cycle. Worrying development on escalation of trade conflict between the world's two biggest economic powers with the US President's latest salvo were largely weighed on the currency and financial markets worldwide with investors on edge awaiting the next developments. The response among major currencies, however, was fairly limited. The Chinese government retaliated immediately against US President Donald Trump's USD 34 billion tariff package with a simultaneous set of counter measures and accused Washington of starting "the largest trade war in history".
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Special Report 11-July-2018
Date
Commodity/ Currency Pairs
09/07/18
NCDEX DHANIYA
JULY
BUY
09/07/18
NCDEX DHANIYA
JULY
SELL
09/07/18
NCDEX GUARGUM5
JULY
09/07/18
NCDEX GUARGUM5
09/07/18
Contract Strategy
Entry Level
Target
Stop Loss
Remark
4830
4860 4890
4800
NOT EXECUTED
4715
4685 4655
4745
NOT EXECUTED
BUY
8630
8680 8710
8600
TGT HIT
JULY
SELL
8410
8370 8340
8440
SL TRIGGERED
MCX GOLD
AUG
BUY
30750
30800 30850
30700
SL TRIGGERED
09/07/18
MCX GOLD
AUG
SELL
30540
30500 30450
30600
NOT EXECUTED
09/07/18
MCX SILVER
SEP
BUY
39920
39970 40020
39870
TGT HIT
09/07/18
MCX SILVER
SEP
SELL
39670
39620 39570
39720
NOT EXECUTED
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
Entry Level
Target
Stop Loss
Remark
09/07/18
NIFTY
FUTURE
BUY
10720-10740
10800-10850
10680
NOT EXECUTED
09/07/18
INFY
FUTURE
BUY
1310-1312
1325-1350
1300
NOT EXECUTED
09/07/18
APOLLOTYRE
FUTURE
BUY
254-254.50
258-262
251
NOT EXECUTED
09/07/18
SHANKARA
CASH
BUY
1590-1600
1640-80
1570
SL TRIGGERED
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Special Report 11-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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