Special Report 13-Nov-2018
Global markets at a glance Wall Street’s major indexes fell on Monday, with the S&P 500 sliding 2 percent, weighed by technology and financial stocks as shares of Apple Inc and Goldman Sachs Group Inc came under pressure. Apple shares fell 5.0 percent after several suppliers to the company, including Lumentum Holdings Inc whose components power the iPhone’s Face ID technology, cut their forecasts. Apple’s decline impeded the tech-heavy Nasdaq, which fell more than 2 percent. The Dow Jones Industrial Average fell 602.12 points, or 2.32 percent, to 25,387.18, the S&P 500 lost 54.79 points, or 1.97 percent, to 2,726.22 and the Nasdaq Composite dropped 206.03 points, or 2.78 percent, to 7,200.87. Asian shares skidded on Tuesday after a rout in tech stocks put Wall Street to the sword, while a sharp drop in oil prices and political risks in Europe pushed the dollar to 16month highs as investors dumped riskier assets. Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 55 points or 0.52 percent. Nifty futures were trading around 10,445-level on the Singaporean Exchange PREVIOUS DAY ROUNDOFF Markets witnessed heavy selling pressure in the final hour of trade with Nifty and Bank Nifty closing near the low point of the day. Nifty ended below the psychological level of 10,500 ending the day 103 points lower at 10,482. Barring Nifty IT, all sectoral indices ended in the red with Nifty Auto being the worst performer ending 2.44% lower. Meanwhile, Crude snapped its longest losing streak ever onconcerns over a supply glut.Tracking the derivative data points, Nifty Futures witnessed a surge in open interest to the tune of 3.99%, while Bank Nifty futures witnessed a decline of 8.17% in open interest mainly long unwinding On the options front, call writing was witnessed . India Vix witnessed a sharp spike ending the day 9.07% higher at 19.36 Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[-1.52], Consumption[-1.07pts],PSE[-2.01pts],CPSE[-1.88pts],Energy [-1.60pts],FMCG[-0.68pts],Auto[-2.44pts],Pharma[0.90pts],IT[+0.67pts],Metal[-1.38pts],Realty[-1.46 pts], Fin Serv sector[-1.08pts].
World Indices Index
Value
% Change
DJI
25387.18
-2.32
S&P500
2726.22
-1.97
NASDAQ
7200.87
-2.66
FTSE100
7053
-0.74
22,269.88 25633.18
0.09 0.12
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
Titan Company
894.75
47.1
5.56
Tech Mahindra
724.55
17.35
2.45
Tata Steel
582.85
10.65
1.86
1,153.70
18.15
1.6
531.85
4.9
0.93
CMP
Change
% Chg
225.05 186.05 135.05 2,277.60 229.25
-16.25 -9.2 -6.6 -97.75 -9.55
-6.73 -4.71 -4.66 -4.12 -4
Kotak Mahindra Cipla
Top Losers Company
HPCL Tata Motors IOC Bajaj Finance Hindalco
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
793.3
0.7
0.09
0.85
0.05
5.88
DIVISLAB
1548.95
-38.95
-2.51
ICICILIQ
1000.01
0
0
110
13
11.82
Prev. Close
Change
%Chg
3.2
-0.15
-4.69
ABMINTLTD
15.7
0.05
0.32
AIFL ALCHEM AMTEKAUTO
61.65 3.25 4.4
-3.05 -0.15 -0.2
-4.95 -4.62 -4.55
ALKYLAMINE BLUECHIP
IDFNIFTYET
Stocks at 52 Week’s LOW Symbol
ABGSHIP
Indian Indices Company
CMP
Change
% Chg
NIFTY
10482.20
-103
-0.97
SENSEX
34812..99
-345.56
-0.98
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Special Report 13-Nov-2018
RECOMMENDATIONS [FUTURE] 1. Tata Steel [FUTURE ] After analysis of derivative data , long position taken by the traders which indicate that market is bullish on this stock .On daily chart we have seen closing of its stock spot near its resistance level of 580-583 .Our recommandation is to long the Tata Steel future in range of 580-590 Target 585/592/598 Sl 570
STOCK RECOMMENDATION [CASH] DCB Bank [CASH] Our recommandation to SELL the stock , Stock is trade is near its support level of 157 & stock has potential to brake its support level . Sell in the range of 153-156 Target 148/143 Sl 162 .
MACRO NEWS
2.
The Reserve Bank of India (RBI) may consider letting some banks out of the Prompt Corrective Action (PCA) framework, according to a report by CNBC-TV18.Banks with declining net non-performing assets or those that can be merged with larger entities may be considered to be kept out of PCA..
Wall Street's major indexes tumbled on Monday as shares of Apple Inc and Goldman Sachs Group Inc dragged down the technology and financial sectors.With Monday's losses, all three indexes erased the gains from their brief rally after the US congressional elections on November 6.Apple shares fell 5.0 percent after several suppliers to the company, including Lumentum Holdings Inc , whose components power the iPhone's Face ID technology, cut their forecasts. Apple's decline impeded the tech-heavy Nasdaq, which fell more than 2 percent
India’s retail inflation eased to 3.31 percent in October, lowest in a year, as compared with 3.70 percent in September, driven by cheaper food items, data released by the government showed.Retail inflation, measured by Consumer Price Index (CPI), stood at 3.58 percent in October last year.CPI is the main price gauge that the Reserve Bank of India (RBI) tracks.According to central banks’ latest estimate, retail inflation is projected at 3.7 percent in the JulySeptember quarter4.8 percent in the January-March Quater.
Repco Homes [FUTURE]
On daily chart we have seen that Repco home finance closese its resistance level. Aftter study of derivative data trader make long position in this stock . Stock is already correct from its high. Our view buy the repco home finance future if NBFC segment is bullish . Buy above 404 Target 407/410/415 Sl 399.Stock perform so well when market is negative .
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Special Report 13-Nov-2018
STOCKS IN NEWS
MOST ACTIVE CALL OPTION
Britannia Q2 jumps 16% YoY to Rs 303 crore; reports good operational performance .The company reported revenue of Rs 2,869.59 crore during the quarter against Rs 2,545.29 crore posted last year. This is a rise of 13 percent year on year.
3,81,342
8,07,860
74
3,57,193
6,54,040
Bank of India posts net loss of Rs 1,156.2 crore in Q2; NPA ratios improve
18.4
6,178
24,92,500
CE
600 12.75
5,502
16,20,147
TITAN
CE
900
28.3
5,120
MARUTI
CE
7,500
TATAMOTORS CE
200
LTP
Traded Volume (Contracts)
Open Interest
Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
Open Interest
BANKNIFTY
CE
26,000
34.6
6,53,650
12,78,580
BANKNIFTY
CE
25,900
50
BANKNIFTY
CE
25,800
RELIANCE
CE
1,100
TATASTEEL
MARUTIACTIVE PUT CE OPTION 9,000 MOST
NIFTY FUTURE
Nifty 50 on Monday seen the sell off in market . It also 4,68,000 close below 10500 level, which indicate that bear enters in the market . Nifty can not able to sustain above 10600 51 5,067 1,99,500 on moday trading session. Our recommendation is to sell 2.5 4,523 47,29,500 the nifty future in range of 10510-10530 . Target 10475/10450/10425 SL 10560 111.5 5,823 2,83,500
Symbol
Optio Strike n Price Type
BANKNIFTY
PE
25,500 163.6
6,05,343
5,04,740
BANKNIFTY
PE
25,400
124
3,92,426
2,95,540
BANKNIFTY
PE
25,300
92
3,60,415
4,34,220
RELIANCE
PE
1,080
29.3
4,562
5,36,500
MARUTI
PE
7,000
150
3,872
64,800
RELIANCE
PE
1,060
20.7
3,498
6,10,500
RELIANCE
PE
1,040
14.6
3,369
9,26,500
TITAN
PE
840
12.5
3,334
5,40,000
FII DERIVATIVES STATISTICS BUY
SELL
No. of Contracts
Amount in Crores
INDEX FUTURES
42531
2776.41
42248
2945.24
INDEX OPTIONS
1266125
72473.58
1262763
STOCK FUTURES
220885
12247.74
STOCK OPTIONS
109178
6290.32
OPEN INTEREST AT THE END OF THE DAY
No. of Amount in No. of Contracts Crores Contracts
Amount in Crores
NET AMOUNT
408263
30822.02
-168.8378
72464.83
978618
70626.35
8.7434
225018
12394.59
1366496
80479.60
-146.852
109284
6273.31
146595
8751.24
17.0061 -289.9403
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
10712.07
10597.13
10530.57
10415.63
10349.07
BANKNIFTY
26059.46
25799.63
25647.37
25387.53
25235.27
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Special Report 13-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
COMMODITY ROUNDUP
India's rice exports dropped 9.6 percent to 5.8 million tonnes between April and September from a year earlier, as leading buyer Bangladesh trimmed purchases due to bumper local harvest, a government body said. The country's buffalo meat exports during the period edged down 0.5 percent from a year ago to 618,559 tonnes, the Agricultural and Processed Food Products Export Development Authority said. Guar gum exports rose 5 percent to 265,195 tonnes on robust demand from the United States. India is the world's biggest exporter of buffalo meat, guar gum and rice. The country's exports of pulses more than doubled during the period to 171,656 tonnes, while dairy exports surged 39.3 percent to 66,462 tonnes, the agency said.
SILVER TRADING STRATEGY: BUY SILVER ABOVE 36970 TGT 37080 37150 36850 SELL SILVER BELOW 36825 TGT 36770/36700 36970
SL BELOW SL ABOVE
Saudi Arabia said OPEC and its allies should reverse about half the increase in oil output they made earlier this year as fears of shortages are supplanted by concerns about oversupply and collapsing prices.Producers need to cut about 1 million barrels a day from October production levels, Saudi Energy Minister Khalid Al-Falih said in Abu Dhabi on Monday. The kingdom will reduce shipments by about half that amount next month, making its second policy U-turn after a summer surge in prices was followed by a swift collapse into a bear market this month. “This announcement of at least Saudi Arabia reducing probably will firm the price,� BP(LON:BP) Chief Executive Officer Bob Dudley said in a Bloomberg TV interview. Oil rallied as much as 2.4 percent in London and 1.8 percent in New York.The largest producer in the Organization of Petroleum Exporting Countries is once again taking the lead to address huge shifts in the market. In June, it persuaded fellow producers to end 18 months of production cuts and pump more crude in response to falling output in Venezuela and Iran and pressure over prices from U.S. President Donald Trump.This time, Saudi Arabia is urging allies to focus on the risk of rising oil inventories and forecasts for massive growth in rival supplies next year including U.S. shale. The kingdom still has some work to do persuading other major producers to follow suit, notably Russia, the largest non-OPEC nation in the alliance.
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Special Report 13-Nov-2018
RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM ABOVE 10200 TGT 10215 10225 10235 SL BELOW 10140 SELL GUARGUM BELOW 10090 TGT 10075 10060 10040 SL ABOVE 10170
NCDEX INDICES Index
Value
% Change
Barley Castor Seed Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT
1938 5842 4559 6026 1902.5 4682.5
-0.67 2.7 0.35 2.56 2.97 1.98
Jeera
20010
-0.3
Mustardseed Soy Bean Turmeric
4051 3331 6538
0.25 1.56 0.03
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 6540 TGT 6570/6600/6630 SL BELOW 6480 SELL DHANIYA BELOW 6500 TGT 6470/6440 SL ABOVE 6560
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 13-Nov-2018
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
72.87 Yen
63.91
82.4583 GBP
94.02
Euro USD/INR
TRADING STRATEGY: BUY USDINR ABOVE 72.95 Target 73.07 72.14 SL BELOW 72.70 SELL USDINR BELOW 72.8 TGT 72.7 72.6 SL 73
The dollar rallied to a 16-month high on Monday as investors positioned for a Federal Reserve interest rate rise next month and concern about political risks in Europe put pressure on the euro and the pound. The dollar fell last week on the belief that losses for U.S. President Donald Trump's Republican party in the midterm elections would make further fiscal stimulus measures unlikely. But the greenback has mounted a significant rally since the Fed kept interest rates steady on Thursday and reaffirmed its monetary tightening stance. The currency remains underpinned by the robust U.S. economy. Fears about a no-deal Brexit and a growing rift in Europe over Italy's budget have also aided the dollar. "King dollar has staged a return," said Valentin Marinov, head of G10 FX strategy atCredit Agricole (PA:CAGR). "After the Fed [last week] investors are pretty happy to reload on long dollar positions. The European currencies look most vulnerable."
GBP/INR TRADING STRATEGY: BUY GBPINR ABOVE 94.05 TGT 94.15 94.30 SL Below 93.80 SELL GBPINR BELOW TGT 93.9 TARGET 93.85 93.75 SL ABOVE 94.10
Net long positions on the dollar versus G10 currencies last week rose to their highest levels since 2015 at $30.4 billion, according to CFTC data The rupee on November 12 dropped by 39 paise to settle at 72.89 against the US currency as oil prices rebounded after Saudi Arabia announced plans to cut production and the dollar strengthened in global markets. The rupee opened lower at 72.74 and fell further by 57 paise to the day's low of 73.07 as crude oil prices surged over 1 percent to reclaim $71 per barrel level, cutting short its 10-day selling trend.The rupee finally settled at 72.89 per dollar, showing a loss of 39 paise or 0.54 percent over the last close.Saudi Arabia announced plans to cut production by 500,000 barrels per day from December and called for a global output cut of one million barrels per day to support oil price.
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Special Report 13-Nov-2018
Date
Commodity/ Currency Pairs
12/11/18
NCDEX DHANIYA
NOV
BUY
6450
12/11/18
NCDEX DHANIYA
NOV
Sell
12/11/18
NCDEX GUARGUM5
NOV
12/11/18
NCDEX GUARGUM5
12/11/18
Contract Strategy
Entry Level
Stop Loss
Remark
6500/6560
6390
TARGET HIT
6365
6315/6255
6405
NOT EXECUTED
BUY
10450
10520/10620
10390
SL HIT
NOV
SELL
10180
10110/10010
10260
OPEN
MCX GOLD
Dec
BUY
31190
31230/31335/3 1413
30050
NOT EXECUTED
12/11/18
MCX GOLD
Dec
SELL
30990
30890/30800/3 0750
31200
NOT EXECUTED
12/11/18
MCX SILVER
Dec
BUY
36970
37080/37150
36850
NOT EXECUTED
12/11/18
MCX SILVER
Dec
SELL
36825
36770/36700
36970
NOT EXECUTED
Entry Level
Target
Stop Loss
Remark
10630/10650
10550
SL HIT
523/517/512
535
NOT EXECUTED
302/306/310/3 15
292
SL HIT
2059
TARGET HIT
Date
Scrip
CASH/ FUTURE/ Strategy OPTION
12/11/18
NIFTY
FUTURE
BUY
10580-10600
12/11/18
Cipla
FUTURE
Sell
529-525
12/11/18
BPCL
FUTURE
BUY
297-300
12/11/18
SRF
CASH
BUY
2070-2075
Target
2080/2092/211
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Special Report 13-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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