Special Report 13-Aug-2018
Global markets at a glance US stocks slid on Friday as a deepening economic crisis in Turkey dragged on bank shares and triggered a move out of riskier assets. The Dow and S&P 500 posted declines for the week following five straight weeks of gains, but the S&P 500 remains just 1.4 percent below its record high from Jan. 26. A drop in technology shares added to the day's bearish tone. The S&P technology index fell 0.8 percent, with Intel down 2.6 percent after Goldman Sachs downgraded the stock to "sell." Microchip Technology shares fell 10.9 percent after a disappointing second-quarter revenue forecast.A slump in the Turkish lira worsened after US President Donald Trump doubled tariffs on steel and aluminum imported from the country.Investors fled to safe-haven assets, pushing the dollar higher and weighing on US bond yields. Asian stock markets fell on Friday amid heightened global trade tensions, while currency markets were whipsawed by a searing selloff in Russia's rouble after the United States slapped on new sanctions, and as economic worries sent the Turkish lira tumbling. Washington said it would impose fresh sanctions because it had determined that Moscow had used a nerve agent against a former Russian agent and his daughter in Britain, which the Kremlin denies.The rouble slid to its lowest level since late 2016 on Thursday, hitting 66.7099 roubles to the dollar. At 0021 GMT Thursday, it was changing hands at 66.5245 to the dollar. Previous day Roundup Finally bears managed to take control at Dalal Street as the Nifty50 snapped five-day winning streak on Friday. The index after opening lower remained in the negative territory throughout the session, forming bearish candle on the daily charts and Spinning Top pattern on the weekly scale.The index continued to gain for third consecutive week, rising 0.6 percent taking total three-week gain to 3.8 percent.The 30-share BSE Sensex lost 155.14 points to 37,869.23 and the Nifty Midcap index also participated in the fall, shedding half a percent while the sectoral trend was mixed.The Nifty50 after opening lower at 11,474.95 extended losses as the day progressed and hit an intraday low of 11,419.65, dragged by banking & financials and metals. The index closed 41.20 points lower at 11,429.50. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[-31.30pts], Consumption[0.95pts],PSE[-15.75pts],CPSE [18.55pts],Energy[-115.80pts],FMCG[96.35pts],Auto [25.65pts],Pharma[-111.70pts],IT[75.90pts],Metal[67.00pts],Realty[-0.25 pts], Fin Serv sector[-69.35pts].
World Indices Index
Value
% Change
DJI
25,313.14
-0.77
S&P500
2,839.25
-0.51
NASDAQ FTSE100
7,839.11 7,667.01
-0.67
22,298.08 28,366.62
-1.35 -0.85
NIKKEI HANG SENG
-0.98
Top Gainers Company
CMP
Change
% Chg
28,997.70
1558.95
5.68
BPCL
401.60
12.65
3.25
HPCL
286.15
5.70
2.03
M&M
945.95
12.75
1.37
3,319.40
38.05
1.16
CMP
Change
% Chg
SBI Idea Cellular GAIL Sun Pharma
304.45 54.40 362.95 554.00
-12.95 -1.95 -12.60 -17.45
-4.08 -3.46 -3.36 -3.05
Tata Motors
250.10
-7.75
-3.01
Eicher Motors
Hero Motocorp
Top Losers Company
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
3136.15
-75.15
-2.4
21.55
1.05
4.87
BANKBEES
2885.93
-18.08
-0.63
BATAINDIA
954.35
20.9
2.19
BERGEPAINT
314.25
14.25
4.53
ATUL BALAXI
Stocks at 52 Week’s LOW Symbol
ACCELYA ASIANTILES BYKE CANFINHOME CCCL
Prev. Close
Change
%Chg
1072.65 272.8 116.9 326.25 2.85
-50.95 -6 -0.5 -7.05 -0.05
-4.75 -2.2 -0.43 -2.16 -1.75
Indian Indices Company
CMP
Change
% Chg
NIFTY
11429.50
-41.20
-0.36
SENSEX
37869.23
-155.14
-0.41
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Special Report 13-Aug-2018
RECOMMENDATIONS [FUTURE] 1.ASHOKLEY [FUTURE ] From the daily chart its clear that the particular script formed a Bullish Candle on daily scale and supports are gradually shifting higher. Now it has to continue to hold above 130.50 zones since it is the only nearest resistance level to extend its move towards 137-140 so we advice you to buy around the levels of 130.50-131 for the target of 133136 with stoploss below 129.
2.SUNTV [FUTURE]
The particular counter is showing a clear sign of correction from its higer levels of 835 with stochastic momentum indicator giving a overbought signal ie., above 90 as per the candlestick pattern a bearish harami candle is made around the resistance level of 835 here sell on high would be good opportunity to grab so we advice to sell suntv around the levels of 835-832 for the targets of 824-810 with stoploss above 842.
STOCK RECOMMENDATION [CASH] STRTECH [CASH] The particular counter has good volatility, for aggressive traders it is suitedi. As per the daily chart it showing a clear sign of correction from its higer levels of 368 with stochastic momentum indicator giving a overbought signal ie., above 80 as per the candlestick pattern a confirmation bearish candle is made after a doji around the respective resistance level around the level of 358 there is a support level below which it has good opportunity to sell so we advice to sell strtech around the levels of 358-356 for the targets of 350-340 with stoploss above 364.
MACRO NEW Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 50.5 points or 0.44 percent. Nifty futures were trading around 10,381level on the Singaporean Exchange. Industrial output measured by the Index of Industrial Production (IIP) accelerated to 7 percent month-onmonth (MoM) for June from 3.9 percent in May. This is the highest level achieved by the index in the last five months.As per data released Friday, growth was driven by a pickup in capital goods manufacturing, which contributes 78 percent of the index, ahead of festive season. Manufacturing grew 6.9 percent in June compared with a 2.8 percent increase in May. The cumulative growth for the period April-June 2018 stands at 5.2 US over the corresponding period of the previous year. Reserve Bank of India continued to remain net seller of the US currency for the third consecutive month in June, after it sold USD 6.184 billion of the US dollar in the spot market, RBI data showed. During the reporting month, the central bank bought USD 4.020 billion of the US dollar, while sold USD 10.204 billion in the spot market, according to the recent RBI data.
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Special Report 13-Aug-2018
STOCKS IN NEWS
MOST ACTIVE CALL OPTION
Jindal Steel & Power: Q1 profit at Rs 180.8 crore versus loss of Rs 387.1 crore; revenue surges 70.5 percent to Rs 9,665.4 crore versus Rs 5,668.2 crore (YoY).
41,51,625 2,83,960
Aurobindo Pharma: Q1 profit falls 12.1 percent to Rs 455.6 crore versus Rs 518.3 crore; revenue jumps 15.5 percent to Rs 4,250 crore versus Rs 3,678.7 crore (YoY).
Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
NIFTY
CE
11,500
76.8
1,23,725
BANKNIFTY
CE
28,800
8.1
1,17,502
BANKNIFTY
CE
28,700
12.5
1,11,470
SBIN
CE
320
4.1
16,461
SBIN
CE
330
2.4
13,681
95,76,000 NIFTY FUTURE 63,75,000
SBIN
CE
340
1.45
10,327
65,67,000
SBIN
CE
310
6.8
8,716
50,25,000
SBIN
CE
350
1
8,400
39,63,000
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST Symbol
Optio Strike n Price Type
NIFTY
Open Interest
2,19,200
2,83,500
LTP
Traded Volume (Contracts)
Open Interest
PE
11,400 98.25
1,32,151
29,42,850
BANKNIFTY
PE
27,800
49
1,16,115
3,71,320
BANKNIFTY
PE
28,300
236
92,855
SBIN
PE
300
9.05
15,560
SBIN
PE
290
5.4
9,343
SBIN
PE
310
14.5
8,920
SBIN
PE
280
3.1
6,420
ICICIBANK
PE
320
6.75
5,245
1,41,280 After making a hanging man candle at its top the index 45,87,000 made a bearish confirmation candle, which means the bears took the control over the market and the same 45,69,000 intraday moment can be seen in todays trading session 26,04,000 the aggressive traders can make short position in the 37,89,000 early trading session upto the level of 11400 in nifty future with stoploss above 11480. 30,85,500
FII DERIVATIVES STATISTICS BUY
SELL
No. of Contracts
Amount in Crores
INDEX FUTURES
15570
1529.29
18803
1752.62
INDEX OPTIONS
529036
54569.44
527864
STOCK FUTURES
183465
12866.84
STOCK OPTIONS
125417
9595.79
OPEN INTEREST AT THE END OF THE DAY
No. of Amount in No. of Contracts Crores Contracts
Amount in Crores
NET AMOUNT
319940
28032.80
-223.3316
54390.39
672056
59919.43
179.047
184947
12761.99
1137343
85069.47
104.8527
123125
9402.28
133532
10253.27
193.5114 254.0795
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
11501.00
11465.00
11442.00
11406.00
11383.00
BANKNIFTY
28486.00
28305.00
28196.00
28015.00
27906.00
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Special Report 13-Aug-2018
RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD OCT FUT ABOVE 29800 TGT 29850 30000 SL BELOW 29730 SELL GOLD OCT FUT BELOW 29730 TGT 29630 29530 SL ABOVE 29800
SILVER TRADING STRATEGY: BUY SILVER SEP FUT ABOVE 38100 TGT 38300 38600 SL BELOW 37900 SELL SILVER SEP FUT BELOW 37900 TGT 37700 37400 SL ABOVE 38100
COMMODITY ROUNDUP Gold prices edged down and closed marginally lower on Friday, as the dollar strengthened against most major currencies. The dollar climbed to its best level in more than a year against major currencies. The lira crashed over 16% to a record low against the greenback amid fears the turmoil in Turkey's banking sector could significantly hurt the European economy. Russia's rouble dropped to its weakest level since late 2016 while the euro and pound hit their lowest levels in a year. With trade war concerns and imminent interest rate hikes by the Fed already keeping the dollar on a high against most major currencies, gold has been finding it tough to move higher from 2018 lows. The dollar index rose nearly 1% to 96.31.Gold futures for December ended down $0.90, or about 0.9%, at $1,219.00 an ounce. With today's fall, the yellow metal has recorded its fifth successive weekly decline. Crude oil prices climbed higher on Friday, lifted by International Energy Agency's forecast that world oil demand will increase by 110,000 barrels a day to 1.5 million barrels next year. The IEA said in its monthly oil market report that maintaining the world's oil supply will be very challenging, due to fresh U.S. sanctions against Iran. However, the agency noted that there were risks to the demand forecast from the escalating trade dispute along with any rally in prices caused by supply constraints.According to reports, China has decided to remove crude oil from its latest tariff list. Meanwhile, Baker Hughes reported today that the number of active U.S. rigs count increased by 10 to 869 for the week. Last week, rig count had dropped by 2. Crude oil futures for September delivery ended up $0.82, or 1.3%, at $67.63 a barrel. On Thursday, oil futures ended ended down $0.13, or 0.2%, at $66.81 a barrel. For the week, oil futures shed 1.3%, with concerns about likely supply shortage due to sanctions on Iran and disruptions in Libya and Venezuela. Concerns that the U.S.-China trade war could hurt global economic growth and result in a drop in demand for crude too contributed to oil's fall in recent sessions. Indian Copper futures on were trading at Rs 419 per kg, sliding around half a percent on the day. The prices were down amid weak global cues as COMEX Copper pulled back by nearly 0.70% today after a spurt in last session. India industrial production rose 7 percent year-on-year in June from a year ago, with strong gains across the board, official data showed Friday. Factory output growth measured in terms of the Index of Industrial Production (IIP) was revised upwards for May at 3.9 per cent from previous estimate of 3.2 per cent estimated .
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Special Report 13-Aug-2018
RECOMMENDATIONS GUARGUM5 BUY GUARGUM OCT FUT ABOVE 9900 TGT 10000 10200 SL BELOW 9800 SELL GUARGUM OCT FUT BELOW 9800 TGT 9700 9500 SL ABOVE 9900
NCDEX INDICES Index
Value
% Change
Barley Castor Seed Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT
1615 4657 4235 4943 1744 4572.5
0.47 0.39 2.2 0.1 1.57 3.99
Jeera
19375
-1.72
4117 3389 7100
1.43 1.32 -0.36
Mustardseed Soy Bean Turmeric
DHANIYA BUY DHANIYA AUG FUT ABOVE 4990 TGT 5040 5140 SL BELOW 4900 SELL DHANIYA AUG FUT BELOW 4930 TGT 4880 4800 SL ABOVE 4990
Weakness was seen in wheat due to thin buying in local mandies. The spot prices of wheat increased by Rs 10 per quintal at Delhi Mandi. As per latest update from United States Department of Agriculture (USDA), the global 2018/19 wheat supplies are seen decreasing 9.3 million tons due to primarily on lower production, which is the smallest in three years. Strong buying by traders has extended gains in turmeric market today. The total daily arrivals of 18000-25000 bags have been reported in Nizamabad mandi, while 1000-1200 bags in Erode mandi. The spot prices of turmeric increased by Rs 30 per quintal, with the price range of Rs 6950-7200 per quintal. Weakness in oilmeal demand has added selling in mustard seed market. As per latest data compiled by Ministry of Agriculture, oilseeds acreage declined by 1.15 percent on the account of decline in groundnut and sunflower area in Gujarat. Traders stated that spot prices decreased by more than Rs 12 per quintal today in Jaipur, while arrivals were reported in the range of 0.80-1.20 lakh bags. Domestic exports of farm and processed food products went up by nearly 6% growth in dollar terms to $4.68 billion during the April-June quarter of this year over the corresponding period last year according to the latest numbers from the Agricultural and Processed Foods Export Development Authority (Apeda). In rupee terms, the growth was higher, clocking around 10% to Rs 31,397 crore. The export growth has been buyoant mainly on account of strong demand for non-basmati rice, pulses, dairy products, guar gum, fruits, vegetable seeds etc. Buoyancy continued in Chana prices today due to limited supplies. The spot prices were trading in the range of Rs 4350-4400 per quintal with total arrivals of 12 motors. As per latest data compiled by Ministry of Agriculture, the Kharif pulses area lagged by 3.90% to stand at 115 lakh hectares.
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Special Report 13-Aug-2018
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
68.9538 Yen
62.1500
Euro
78.9985 GBP
88.1901
USD/INR BUY USDINR ABOVE 69.10 TGT 69.40/69.70 SL BELOW 68.80 SELL USDINR BELOW 68.90 TGT 68.60/67.30 SL ABOVE 69.20
GBP/INR BUY GBPINR ABOVE 89.90 TGT 90.20/90.50 SL BELOW 89.60 SELL GBPINR BELOW 89.30 TGT 89.00/88.70 SL ABOVE 89.60
The Reserve Bank of India likely intervened in the foreign exchange market to support the rupee on Friday, after most emerging market currencies fell sharply on heightened global tensions, dealers said. The rupee fell to as low as 69.03 to the dollar, its lowest since July 24, before trimming some of its losses to trade at 68.95. The rupee has been the worst performing currency in Asia so far in 2018, falling 7.4 percent since the start of January. The currency has been beset by a host of factors, with higher oil prices adding to worries about inflation, current account and fiscal deficits and rising global trade tensions. The RBI has intervened strongly in recent months to slow the slide, but it has still lost 3 percent since start of June. With the central bank hiking interest rates, the rupee is expected to trade in a tight range in the coming year, possibly edging up to 68.22 but remaining near its historic low, a Reuters poll found. The sharp fall in the rupee had prompted foreign investors to sell $5.35 billion in debt and equity in India. But flows turned mildly positive in July and August. Since the rupee is traded over the counter, the size of interventions by the central bank during the day is difficult to ascertain. However, a few dealers estimated that the RBI might have sold close to $600-800 million so far on Friday to stem the rupee's fall. The RBI typically intervenes in forex market through staterun banks. Since April RBI has sold $21 billion in spot and $10 billion in forwards, according to traders and analysts, estimating from the fall in overall foreign exchange reserves and the central bank's monthly bulletin data. Turkey's lira plunged as much as 14 percent on Friday as worries about President Tayyip Erdogan's influence over monetary policy and worsening US relations snowballed into a market panic that also hit shares of European banks. The sell-off has deepened concern about exposure to Turkey, particularly whether over-leveraged companies will be able to pay back loans in euros and dollars after years of overseas borrowing to fund a construction boom under Erdogan. Erdogan's characteristic defiance in the face of the sell-off has further unnerved investors. The president, who says a shadowy "interest rate lobby" and Western credit ratings agencies are attempting to undermine Turkey's economy, said in a speech overnight that Turks should "have no worries".
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Special Report 13-Aug-2018
Date
Commodity/ Currency Pairs
10/08/18
NCDEX DHANIYA
OCT
BUY
10/08/18
NCDEX DHANIYA
OCT
10/08/18
NCDEX GUARGUM5
10/08/18
Contract Strategy
Entry Level
Target
Stop Loss
Remark
4960
5010 5110
4900
OPEN
SELL
4890
4840 4740
4950
TGT HIT
AUG
BUY
9530
9600 9700
9450
TGT HIT
NCDEX GUARGUM5
AUG
SELL
9430
9350 9250
9510
TGT HIT
10/08/18
MCX GOLD
AUG
BUY
29750
29800 29900
29650
TGT HIT
10/08/18
MCX GOLD
AUG
SELL
29650
29600 29500
29750
NOT EXECUTED
10/08/18
MCX SILVER
SEP
BUY
38200
38400 38700
38000
NOT EXECUTED
10/08/18
MCX SILVER
SEP
SELL
38000
37800 37500
38200
OPEN
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
Entry Level
Target
Stop Loss
Remark
10/08/18
NIFTY
FUTURE
SELL
11480-60
11400-350
11530
OPEN
10/08/18
ASHOKLEY
FUTURE
BUY
130.50-131
133-136
129
SL TRIGGERED
10/08/18
SUNTV
FUTURE
SELL
835-832
824-810
842
TGT HIT
10/08/18
BEL
CASH
BUY
122.25-123
126-130
120
SL TRIGGERED
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Special Report 13-Aug-2018
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS TIME (ET)
REPORT
PERIOD
ACTUAL
FORECAST
PREVIOUS
TUESDAY, AUG. 14
TUESDAY, AUG. 14
TUESDAY, AUG. 14
--
-0.4%
WEDNESDAY, AUG. 15
WEDNESDA Y, AUG. 15
11 am TUESDAY, AUG. 14
TUESDAY, AUG. 14
TUESDAY, AUG. 14 6 am
8:30 am WEDNESDA Y, AUG. 15
Import price index WEDNESDAY, AUG. 15
WEDNESD WEDNESDAY, AUG. AY, AUG. 15 15 8:30 am
8:30 am
Retail sales ex-autos
July
0.3%
0.4%
8:30 am
Empire state index
Aug.
--
22.6
8:30 am 8:30 am
Unit labor costs
Q2
0.0%
2.9%
9:15 am
Industrial production
July
0.3%
0.6%
9:15 am
Capacity utilization
July
78.2%
78.0%
10 am
Home builders' index
Aug.
--
68
THURSDAY, AUG. 16
THURSDAY, AUG. 16
--
213,000
10 am THURSDAY, AUG. 16
THURSDAY, AUG. 16
8:30 am
Weekly jobless claims
THURSDA THURSDAY, AUG. 16 Y, AUG. 16 Disclaimer 8/11
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