Special Report 12-Nov-2018
Global markets at a glance Wall Street’s three major stock indexes lost ground on Friday, after a week of recovery from the October sell-off, as oil prices fell further and more evidence of a slowing Chinese economy was reported. Oil prices fell nearly 1.0 percent on Friday, and have now seen the longest stretch of daily declines since 1984, on rising global supply and evidence of a slowing world economy.
World Indices Index
Value
% Change
DJI
25965
-0.90
S&P500
2781.01
+0.92
NASDAQ
7,406.90
-1.67
FTSE100
7105.34
-0.50
22,250 25601.92
-1.06 -2.44
NIKKEI HANG SENG
Top Gainers The United States formally imposed punitive sanctions on Iran this week, but granted eight countries temporary waivers allowing them to keep buying oil from the Islamic Republic. Asian stocks dipped on Friday as Wall Street took a breather after the Federal Reserve kept intact its plans to continue raising interest rates at a gradual pace, with a fourth hike for this year expected next month. MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.06 percent. The index was still headed for a sizable gain of more than 6 percent this week, during which it rose to a one-month high. PREVIOUS DAY ROUNDOFF It’s a negative close for the market, with the Nifty ending below 10,600.Among sectors, automobiles, pharmaceuticals and infrastructure were the top gainers, while energy and metal names ended in the red. There was a strong surge in the midcaps space as well, with Nifty Midcap closing over a percent higher. Yes Bank, Asian Paints, and HPCL were the top gainers, while Bharti Airtel and Infosys lost the most. At the close of market hours, the Sensex ended down 79.13 points or 0.22% at 35158.55, while the Nifty shut down by 13.20 points or 0.12% at 10585.20. The market breadth was narrow as 1,316 shares advanced, against a decline of 1,203 shares, while 144 shares were unchanged. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[-0.21], Consumption[+0.09pts],PSE[+0.86pts],CPSE [+1.13pts],Energy[-0.67pts],FMCG[-0.09pts],Auto[+0 .6 3 pts ],P h arm a [+1 . 3 9 pts] ,IT [ -0 .8 3 pts ],M etal[ 0.87pts],Realty[-0.42 pts], Fin Serv sector[+0.13pts].
Company
CMP
Change
% Chg
Yes Bank
227.9
11.95
5.53
HPCL
241.3
11.7
5.1
862.15
30.25
3.64
Asian Paints
1,295.60
44.65
3.57
Adani Ports
337.6
11.4
3.49
CMP
Change
% Chg
659.5 2,400.00 238.8 299.75 367.35
-16 -52.95 -5.25 -6.5 -7.8
-2.37 -2.16 -2.15 -2.12 -2.08
Indiabulls Hsg
Top Losers Company
Infosys Dr Reddys Labs Hindalco Bharti Airtel GAIL
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
81.3
-1.3
-1.6
ALKYLAMINE
713.35
69.45
9.74
BIRLACABLE
196.65
-9.8
-4.98
COX&KINGS
197
-3.45
-1.75
CRMFGETF
2950
-34.5
-1.1
Prev. Close
Change
%Chg
22.35
0.4
1.79
3.2
0
0
15.7 19 64.85
0 0.05 -3.2
0 0.26 -4.93
ADANIGAS
Stocks at 52 Week’s LOW Symbol
21STCENMGM ABGSHIP ABMINTLTD ADROITINFO AIFL
Indian Indices Company
CMP
Change
% Chg
NIFTY
10585.20
-13.20
-0.12
SENSEX
35158.55
-79.13
-0.22%
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Special Report 12-Nov-2018
RECOMMENDATIONS [FUTURE] 1. CIPLA [FUTURE ] After analysis of derivative data , short position taken by the traders which indicate that market is bearish on this stock .On daily chart we have seen the three black crows bearish pattern and also traded near its critical support level .Our recommandation is to Short the Cipla future in range of 529-525 Target 523/517/512 Sl 535
STOCK RECOMMENDATION [CASH] SRF [CASH] Our recommandation to buy the stock , Stock is trade is near its resistance level of 2090 & stock has potential to brake its resistance level . Buy in the range of 2070-2075 Target 2080/2092/2110 Sl 2059
. MACRO NEWS
2. BPCL [FUTURE] In International market we have seen that the prices of crude oil decrease from its month high , which is more benificial for oil & natural gas companies. Analysis of derivative data traders make long position on this stock .On daily chart we have seen that stock ios tradered ius above its suppport level of 290. Our view is BUY BPCL Future in range of 297-300 Target 302/306/310/315 Sl 292
Bombardier Inc said on Thursday it would sell two businesses for around $900 million and cut 5,000 jobs and as it expands its stronger corporate jet and rail divisions, but the company's shares fell as much as 26 percent on a disappointing free cash flow forecast. The US Federal Reserve held interest rates steady on Thursday, but remained on track to keep gradually tightening borrowing costs, as it pointed to a healthy economy that was marred only by a dip in the growth of business investment.Business investment can be a key to rising productivity and future growth, and the fact that it had "moderated from its rapid pace," as the Fed said, was the only cautionary note in a policy statement that touted strong job gains and household spending, and a "strong rate" of overall economic activity. Alphabet Inc's Google said on Thursday it would change the way it handles sexual harassment claims, a week after 20,000 of its workers around the world walked off their jobs to protest its response to such issues.Arbitration will become optional for individual sexual harassment and sexual assault claims, Google said, enabling lawsuits on those matters. Rupee rose against the US dollar after the Mid-term elections results showed that the Democrats gained control of the house hitting the magic 218-seat mark to guarantee a majority, after flipping multiple Republican-controlled seats.
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Special Report 12-Nov-2018
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
Open Interest
Dr Reddy's Laboratories slips 2% on report of US FDA handing out observations to Duvvada unit
The bank reported gross non-performing assets (NPAs) ratio of 7.16 percent against 7.20 percent in the previous quarter. PC Jeweller surges nearly 14%; board meeting on November 14
BANKNIFTY
CE
26,000
103
4,89,454
6,75,400
BANKNIFTY
CE
26,200
47
2,45,461
3,78,440
BANKNIFTY
CE
25,900 143.45
2,18,817
2,19,680
RELIANCE
CE
1,120 19.85
5,813
12,89,500
RELIANCE
CE
1,100 28.15
5,761
21,47,500
MARUTI
CE
7,500
92.5
5,277
Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
Open Interest
BANKNIFTY
PE
25,500
101
3,42,233
7,01,540
BANKNIFTY
PE
25,000 19.95
2,38,124
7,37,380
BANKNIFTY
PE
25,400
73
2,20,107
2,38,940
RELIANCE
PE
1,080 21.45
4,208
3,80,000
RELIANCE
PE
1,100 30.75
3,724
6,06,000
RELIANCE
PE
1,060
15.3
3,386
5,47,000
YESBANK
PE
200
2.75
2,834
25,18,250
RELIANCE
PE
1,040
10.6
2,752
8,63,000
NIFTY FUTURE
Nifty 50 is trading on above its poivot level of 10555 , we 1,36,725 have also seen that FII started buying in index futures YESBANK CE 230 10.75 5,052 24,57,000 and options .Our recommandation to buy nifty future in range of 10580-10600 . Buy on deep from above level. TATAMOTORS CE 200 5.1 4,653 39,10,500 Our view on market is bullish for the levels of 10800. Buy 10580-10600 & Target 10630/10650 Sl 10550 MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 2,83,500 MOST
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
43362
3076.64
36176
2429.45
396194
30244.58
647.1889
INDEX OPTIONS
877963
51500.57
886716
52276.62
964062
70661.95
-776.0495
STOCK FUTURES
193121
10783.99
192418
10647.22
1368875
81596.29
136.7783
STOCK OPTIONS
99652
5666.84
99507
5662.04
141653
8570.90
4.7956 12.7133
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
10657.86
10621.53
10583.13
10546.83
10508.47
BANKNIFTY
25954.86
25862.93
25730.87
25638.93
25506.87
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Special Report 12-Nov-2018
RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD ABOVE 31190 TGT 31230 31335 31413 SL BELOW 30050 SELL GOLD BELOW 30990 TGT 30890/30800/30750 SL ABOVE 31200
SILVER TRADING STRATEGY: BUY SILVER ABOVE 36970 TGT 37080 37150 36850 SELL SILVER BELOW 36825 TGT 36770/36700 36970
SL BELOW SL ABOVE
COMMODITY ROUNDUP
Turkey has been granted a waiver of around 25 percent on U.S. oil sanctions against Iran, Turkish Energy Minister Fatih Donmez said on Friday, amounting to around three million tonnes of oil annually. Speaking in an interview with broadcaster NTV, Donmez said oil refiner Tupras(IS:TUPRS) was looking at alternatives to avoid any market difficulties. He said the 25 percent figure was approximate and Ankara had not yet received an exact figure.He also said Turkey still had a contract to buy natural gas from Iran for five to six years and added that Ankara would continue to buy gas from Tehran. Oil prices fell to multi-month lows on Friday as global supply increased and investors worried about the impact on fuel demand from of lower economic growth and trade disputes. Benchmark Brent crude oil LCOc1 fell below $70 a barrel for the first time since early April, down more than 18 percent since reaching four-year highs at the beginning of October.Brent fell 66 cents to a low of $69.99 a barrel before recovering slightly to trade around $70.10 by 1010 GMT, down 3.5 percent for the week and more than 15 percent this quarter. U.S. light crude oil CLc1 was 55 cents lower at $60.12, down 4.7 percent this week and off more than 20 percent since early October, putting it officially in "bear market" territory, borrowing a definition commonly used in stock markets. "There is no slowing down the bear train," said Stephen Brennock, analyst at London brokerage PVM Oil. "Instead, the energy complex has extended a rout driven by swelling global supplies and a softening demand outlook. Gold prices were steady in early Asian trade on Thursday, while the dollar edged higher and investors turned their attention to this week's Federal Reserve meeting for clues on future interest rate hikes. Asian stocks rose on Thursday as investors, relieved to have moved past the U.S. midterm elections without any major political surprises, drove a Wall Street rally, while the dollar clawed back some of its earlier losses.
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Special Report 12-Nov-2018
RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM ABOVE 10450 TGT 10520 10620 SL BELOW 10390 SELL GUARGUM BELOW 10180 TGT 10110 10010 SL ABOVE 10260
NCDEX INDICES Index
Value
% Change
Barley Castor Seed Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT
1944 5838 4559 6027 1895 4673.5
0.8 -0.03 3.99 -2.74 -1.46 1.86
Jeera
20040
-2.36
4045 3323 6540
-1.32 -1.48 1.14
Mustardseed Soy Bean Turmeric
Firmness in cash chana market continues on the back of poor arrival in major markets,good festive demand and buyer's increased interest at current level.Millers from Indore are buying chana from Gwalior line while Millers in Delhiare active for Rajasthan and MP line chana.Growing fear of lower crop due to lower area coverage so far and prevailing moisture stress in the field are not favorable for sowing.Dry condition may further delay sowing. Farmers in MP,Maharashtra,AP and Gujarat are waiting for post monsoon rains.In major producing states like Raj,MP and Mah farmers have planted only 50 to 55% chana so far.Under emerging condition chana may move towards 5000 level soon. However,one correction is expected at this level.Chana is being traded at 4500-4550 in Delhi marke DHANIYA TRADING STRATEGY: BUY DHANIYA ABOVE 6450 TGT 6500/6560 SL BELOW 6390 SELL DHANIYA BELOW 6365 TGT 6315/6255 SL ABOVE 6405
The China has agreed to buy raw sugar from India following months of negotiations and the export is expected to begin early next year. A contract for exporting 15,000 tonnes of raw sugar has been entered to by the Indian Sugar Mills Association (ISMA) and COFCO. India plans to export 2 million tonne of raw sugar to China beginning next year. ISMA has set a target of a total sugar export of 5 million tonne in 2018-19 sugar year (October-September). According to United States Department of Agriculture (USDA) November estimate, U.S 2018/19 ending stocks of soy oil is fell 9.5 percent to 1,915 million lbs from 2,116 million lbs in earlier estimate. Opening stocks are lowered to 1,990 million lbs from 2,206 million lbs. Production of soy oil in 2018/19 is lowered to 26,315 million lbs from 26,416 million lbs in its earlier estimate. Imports in 2018/19 are kept unchanged at 300 million lbs. Biodiesel use in 2018/19 was unchanged at 7,800 million lbs. Food, feed and other industrial use in 2018/19 is increased to 14,400 million lbs compared to 14,300 lbs in its earlier estimate. Exports in 2018/19 were unchanged at 2,200 million lbs.
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Special Report 12-Nov-2018
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
72.49 Yen
63.69
Euro
82.31 GBP
94.4495
USD/INR TRADING STRATEGY: BUY USDINR ABOVE 72.61 Target 72.70 72.75 SL BELOW 72.49 SELL USDINR BELOW 72.49 TGT 72.4 72.27 SL 72.6
The Indian rupee opened higher by 30 paise at 72.70 per dollar on Friday versus Tuesday's close of 73 per dollar. Rupee rose against the US dollar after the Mid-term elections results showed that the Democrats gained control of the house hitting the magic 218-seat mark to guarantee a majority, after flipping multiple Republicancontrolled seats. The elections delivered the most expected outcome: split control of the US Congress, with Democrats winning control of the House of Representatives and Republicans cementing their majority in the Senate. That’s a better-than-average performance; usually the president’s party loses Senate seats in midterms, said Motilal Oswal. The major averages had earlier hit their session highs after US President Donald Trump indicated he is willing to work with Democrats on policy initiatives that would help the economy keep growing. Today, USD-INR pair is expected to quote in the range of 72.50 and 73.05
GBP/INR TRADING STRATEGY: BUY GBPINR ABOVE 94.7 TGT 94.8 94.85 SL Below 94.45 SELL GBPINR BELOW TGT 94.55 TARGET 94.40 94.30 SL ABOVE 94.65
Indian oil demand, which faced substantial pressures in 2018 because of rising rates and a weakened rupee, is set for recovery next year, Fitch Solutions Macro Research said in a note. "Indian oil demand will become an increasingly important driver of global demand growth, as China's economy slows and the government pushes diversification away from oil," Fitch Solutions, an affiliate of Fitch Ratings, said. It put fuel consumption growth at 6 percent in 2019, up from 5.5 percent this year.Although their populations are of similar size, the scale of the Indian economy and its capacity for growth are not comparable to that of China, it said, adding that demand will become increasingly diversified across emerging markets, in particular, those in Asia. The world's third largest oil consumer will, however, not be able to replicate the strength of China's demand, with growth becoming increasingly diversified across emerging markets.
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Special Report 12-Nov-2018
Date
Commodity/ Currency Pairs
09/11/18
NCDEX DHANIYA
NOV
BUY
09/11/18
NCDEX DHANIYA
NOV
09/11/18
NCDEX GUARGUM5
Target
Stop Loss
Remark
6600
6670/6770
6530
NOT EXECUTED
Sell
6400
6330/6220
6470
OPEN
NOV
BUY
9950-9970
10050/10100
9900
TARGET HIT
NCDEX GUARGUM5
NOV
SELL
10140
10040/9950
10220
SL HIT
09/11/18
MCX GOLD
Dec
BUY
31250
31320/31400
31190
OPEN
09/11/18
MCX GOLD
Dec
SELL
31400
31320/31250
31470
TARGET HIT
09/11/18
MCX SILVER
Dec
BUY
37470
37560/37600
37330
SL HIT
09/11/18
MCX SILVER
Dec
SELL
37780
37690/37600/3 7550
37850
NOT EXECUTED
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
Target
Stop Loss
Remark
09/11/18
NIFTY
FUTURE
BUY
10580-10590
10620/10650
10550
TARGET HIT
09/11/18
Glenmark Pharma
FUTURE
BUY
660-665
670/680/687
652
TARGET HIT
09/11/18
Reliance
FUTURE
BUY
1103-1105
1110/1115/112 0
1092
TARGET HIT
09/11/18
Balrampur chinni
CASH
BUY
106-108
111/113
105
TARGET HIT
09/11/18
Contract Strategy
Entry Level
Entry Level
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Special Report 12-Nov-2018
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS TIME (ET)
REPORT
PERIOD
ACTUAL
FORECAST
PREVIOUS
MONDAY, NOV. 12 Veterans Day TUESDAY, NOV. 13 6 am
NFIB small-business index
Oct.
2 pm
Federal budget
Oct.
107.9
WEDNESDAY, NOV. 14 8:30 am
Consumer price index
Oct.
0.1%
8:30 am
Core CPI
Oct.
0.1%
THURSDAY, NOV. 15 8:30 am
Weekly jobless claims
11/10
8:30 am
Retail sales
Oct.
0.1%
8:30 am
Retail sales ex-autos
Oct.
-0.1%
8:30 am
Philly Fed
Nov.
22.2
8:30 am
Empire state index
Nov.
21.1
8:30 am
Import price index
Oct.
0.5%
10 am
Business inventories
Sept.
0.5%
FRIDAY, NOV. 16 9:15 am
Industrial production
Oct.
0.3%
9:15 am
Capacity utilization
Oct.
78.1%
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