Special Report 11-Sep-2018
Global markets at a glance US stocks mostly edged higher on Monday, rebounding slightly after last week's losses, although a drop in Apple kept gains in check. The Dow was flat, with Travelers down 1.8 percent. Hurricane Florence is expected to be an extremely dangerous major hurricane through Thursday, the National Hurricane Center warned of the Category 4 storm bearing down on the US east coast. Apple shares dropped 1.2 percent, weighing on the three major indexes. But the S&P 500 and Nasdaq rebounded from losses last week.US President Donald Trump said on Friday he was ready to levy additional taxes on practically all Chinese imports, threatening duties on $267 billion of goods over and above planned tariffs on $200 billion of Chinese products. China said it will respond if Washington takes any new steps on trade. Asian shares were struggling to snap an eight-session losing streak on Tuesday as investors decided no news was good news on tariffs, while the pound touched a five-week top on hints a Brexit deal might be nearer. MSCI's broadest index of Asia-Pacific shares outside Japan wavered either side of flat having hit its lowest since July last year on Monday. Japan's Nikkei fared better on the back of a softer yen and climbed 0.6 percent. Previous day Roundup The Nifty50 after opening gap down extended losses as the day progressed and broke the psychological 11,500-mark on Monday, tracking further weakness in Indian rupee which ended at new record closing low of 72.45 to the dollar. The renewed trade tensions between US and China also dented sentiment. The index closed sharply lower, forming 'Bearish Belt Hold' pattern on the daily candlestick chart. According to Pivot charts, the key support level is placed at 11,385.93, followed by 11,333.77. If the index starts moving upwards, key resistance levels to watch out are 11,531.63 and 11,625.17. The Nifty Bank index closed at 27,201.75, down 279.70 points on Monday. The important Pivot level, which will act as crucial support for the index, is placed at 27,094.67, followed by 26,987.53. On the upside, key resistance levels are placed at 27,356.87, followed by 27,511.94. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[-71.00], Co nsum ptio n[ -92 .45 pts],Bank[ -279 .7 0 pts],Auto [ 192.75pts],FinService[-161.80pts],Fmcg[-542.70pts],Media [-3.15pts],Pharma[ -214.75pts],IT[0.55pts],Metal[ 3.15pts],Realty[-4.05 pts], Pvt Bank[-161.80pts].
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
Idea Cellular
47.75
0.85
1.81
HCL Tech
1,088.70
14.75
1.37
Axis Bank
651.75
6.20
0.96
Cipla
668.05
3.30
0.50
Zee Entertain
472.75
2.35
0.50
CMP
Change
% Chg
2,615.65 638.00 6,347.45 937.35 344.10
-128.55 -26.25 -252.65 -36.35 -12.85
-4.68 -3.95 -3.83 -3.73 -3.60
Top Losers Company
Bajaj Finance Sun Pharma Bajaj Finserv M&M BPCL
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
11438.10
-151.00
-1.30
SENSEX
37922.17
-467.65
-1.22
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Special Report 11-Sep-2018
RECOMMENDATIONS [FUTURE] 1. BAJFINANCE [FUTURE ] From the daily chart it is clear that the particular script has shown a consolidation back support level around 2680 and now closed below its support level which clear confirms its downtrend it can correct upto the levels of 2640 while in the intraday movement here we suggest to make a short position around the levels of 2640.-2645 for the targets of 2620-2600 with stoploss above 2665.
2. JUSTDIAL [FUTURE] The particular script may rebounded from its support level of 513 movement of upward by 1-2 percent is possible .Today it can also get momentum if market shows early positivity since its 200 SMA may support it for a bounce back so we advice you to buy justdial future around the levels of 513-515 for the targets of 520-525 with stoploss below 511.
STOCK RECOMMENDATION [CASH] WELCORP [CASH] From the daily chart it is clear that the particular script has shown a reversal resistance level around 180 from where it has shown several indecision candles which signifies a chance of trend reversal here we suggest to make a short position around the levels of 174-173 for the targets of 170-166 with the stoploss of 176.
MACRO NEWS Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 21 points or 0.18 percent. Nifty futures were trading around 11,465level 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 11-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
80.5
1,75,337
37,53,525
NIFTY
CE
11,700
48.1
1,51,075
34,83,075
BANKNIFTY
CE
28,000
3.8
1,36,368
11,01,080
YESBANK
CE
340
9.65
TATAMOTORS CE
280
7.25
9,716
63,87,000
TATAMOTORS CE
290
4.2
8,386
39,12,000
YESBANK
CE
350
6.65
8,055
76,35,250
RELIANCE
CE
1,300
16.8
7,718
37,93,000
Optio Strike n Price Type
BANKNIFTY
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
10,624 1,06,52,250
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST Symbol
2,83,500
LTP
Traded Volume (Contracts)
PE
27,000 49.75
3,92,621
BANKNIFTY
PE
27,200 108.2
3,36,773
BANKNIFTY
PE
27,100
73.7
2,54,002
BANKNIFTY
PE
27,300
150
2,45,616
YESBANK
PE
320
12.8
4,802
TATAMOTORS PE
270
6.45
4,759
RELIANCE
PE
1,200
9.55
4,129
RELIANCE
PE
1,240
20.8
4,032
Open Interest
9,32,360 The Nifty50 after opening gap down extended losses as 4,51,280 the day progressed and broke the psychological 11,500mark on Monday, tracking further weakness in Indian 3,53,240 rupee which ended at new record closing low of 72.45 to 3,50,440 the dollar. The renewed trade tensions between US and China also dented sentiment. , today we expect that it 26,81,000 would give good earning opportunity through a bounce 10,80,000 back so we advice you to buy nifty future around the the 17,39,000 levels of 11470-11475 for the targets of 11550-11600 14,36,000 with stoploss below 11420.
FII DERIVATIVES STATISTICS BUY
SELL
No. of Contracts
Amount in Crores
INDEX FUTURES
32269
3126.26
41672
3756.85
INDEX OPTIONS
943062
95132.71
923912
STOCK FUTURES
190932
13269.88
STOCK OPTIONS
133233
9898.19
OPEN INTEREST AT THE END OF THE DAY
No. of Amount in No. of Contracts Crores Contracts
Amount in Crores
NET AMOUNT
296586
25778.38
-630.5854
93616.69
948192
84319.59
1516.0262
201154
13978.14
1174480
88034.07
-708.2607
135666
10073.53
118444
8829.70
-175.3383 1.8418
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
11625.00
11531.00
11479.00
11385.00
11333.00
BANKNIFTY
27511.00
27356.00
27249.00
27094.00
26987.00
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Special Report 11-Sep-2018
RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD OCT FUT ABOVE 30750 TGT 30850 31000 SL BELOW 30650 SELL GOLD OCT FUT BELOW 30550 TGT 30450 30250 SL ABOVE 30650
SILVER TRADING STRATEGY: BUY SILVER SEP FUT ABOVE 37700 TGT 37900 38100 SL BELOW 37500 SELL SILVER SEP FUT 37300 TGT 37100 36800 SL ABOVE 37500
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 11-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 11-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 94.60 TGT 95.00 95.50 SL BELOW 94.10 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 11-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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