Special Report 14-Aug-2018
Global markets at a glance US stocks dropped on Monday as global jitters from Turkey's plummeting currency spread to Wall Street, with the S&P 500 and the Dow falling for the fourth session in a row. Financial stocks bore the brunt of Turkey contagion fears, with shares of Citigroup Inc , Bank of America Corp , Wells Fargo & Co and JPMorgan Chase & Co closing down between 0.8 percent and 2.2 percent. A pledge by Turkey's central bank to stabilize the plummeting lira failed to calm investors' nerves. The currency has dropped 40 percent against the dollar so far this year. Asia share markets tried to regain their footing on Tuesday as tremors from the collapse of the Turkish lira ebbed a little and Wall Street proved resilient to the shockwaves. Japan's Nikkei led the early running with a gain of 1.0 percent, while Australia added 0.4 percent. MSCI's broadest index of Asia-Pacific shares outside Japan was flat having found support above the July low of 525.52. EMini futures for the S&P 500 edged up 0.2 percent, while 10-year Treasury yields held at 2.88 percent. Investors were encouraged that falls on Wall Street were only minor. The Dow ended Monday down 0.5 percent, while the S&P 500 lost 0.40 percent and the Nasdaq 0.25 percent.Chinese economic data could provide a distraction with July retail sales, industrial output and urban investment all due. Previous day Roundup Bears continued to dominate Dalal Street for the second consecutive session on August 13 as the Nifty50 fell sharply, closing far below the psychological 11,400-mark following the Turkey crisis and further weakness in the rupee against the dollar.The Nifty closed below the five-day EMA as well as nine-day EMA, which offered major support to Nifty in earlier corrections. The index formed a small bearish candle on the daily charts.The Nifty50 after opening sharply lower and breaking 11,400 levels extended losses as the day progressed and hit an intraday low of 11,340.30. It did manage to claw back above 11,400 in afternoon trade, but failed to hold the same level and closed 73.70 points lower at 11,355.80.India VIX moved up by 4.08 percent at 13.37 levels. Spurt in VIX suggests that upside is going to be capped on immediate basis. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[-48.80pts], Consumption[-8.95pts],PSE[-56.10pts],CPSE [19.50pts],Energy[-234.30pts],FMCG[4.85pts],Auto[82.75pts],Pharma[48.35pts],IT[201.00pts],Metal[ 28.95pts],Realty[-2.60 pts], Fin Serv sector[-166.05pts].
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
GAIL
375.45
12.50
3.44
Tech Mahindra
659.95
14.00
2.17
Sun Pharma
563.90
9.90
1.79
HCL Tech
983.00
17.00
1.76
1,408.75
23.30
1.68
CMP
Change
% Chg
BPCL HPCL Idea Cellular SBI
379.70 273.10 52.50 294.15
-21.90 -13.05 -1.90 -10.30
-5.45 -4.56 -3.49 -3.38
Vedanta
216.30
-7.40
-3.31
Infosys
Top Losers Company
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
6.05
0.3
4.96
291.35
-2.35
-0.81
GALLISPAT
36.9
1.7
4.61
GANGOTRI
1.65
0.05
3.03
GOLDTECH
20.35
1
4.91
ELECTROSL EXIDEIND
Stocks at 52 Week’s LOW Symbol
ACCELYA AMTEKAUTO APARINDS ASIANTILES AYMSYNTEX
Prev. Close
Change
%Chg
1031.9 7.1 577.65 266.1 45.05
-11.9 -0.2 -11.85 -11.1 -3.7
-1.15 -2.82 -2.05 -4.17 -8.21
Indian Indices Company
CMP
Change
% Chg
NIFTY
11355.80
-73.70
-0.64
SENSEX
37644.90
-224.33
-0.59
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Special Report 14-Aug-2018
RECOMMENDATIONS [FUTURE] 1.NBCC [FUTURE ] This particular counter is continuosly maitaining its downtrend yeaterday it made a bearish candle closing below 71.20 there is no support level below its bearest support level of 70.70 ,so sell on low would be good startegy to follow so we recommend to sell nbcc below 70.50 target 68-64 stoploss above 73.
2.INFY [FUTURE] With the good fundamental this particular script is has also plus point with respect to its technical , it is maintaining its uptrend and closed above its crucial resistance level of 1398,now it is acting as a support In the earlier trading session IT sector showed some strength and today it can also contunue its movement, so buy on strength would be good opportunity to go with it here we advice you to buy infy around the levels of 1405-1408 for the targets of 1415-1425 with stoploss below 1400.
STOCK RECOMMENDATION [CASH] AUROPHARMA [FUTURE] the particular script has rebounded from its support level of 600, in the previous four trading session it showed some profit booking by correcting from its peak level of 632 however after a littile correction it has resumed its uptrennd here you can go long from the current level of 620-622 for the targets of 630-640 with stoploss below 615.
MACRO NEW Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 8 points or 0.07 percent. Nifty futures were trading around 11,382level on the Singaporean Exchange. India’s retail inflation fell to 4.17 percent in July, lowest in nine months, driven by cheaper food items, data released by the statistics office showed. Retail inflation, measured by Consumer Price Index (CPI) had hit a five-month high of 5 percent in June. It came in at 2.36 percent in July 2017.“Sharp decline in retail inflation to 4.17 percent, closer to RBI’s 4 percent inflation target will give a lot of comfort to monetary authorities and we expect RBI to stay in pause mode in rest of 2018-19,” Devendra Pant, Chief Economist at India Ratings said. Indian companies garnered nearly Rs 1,00,000 crore crore through issuance of shares on preferential basis in April-June quarter of the current fiscal, registering 11-fold rise over the year-ago period. The firms had mopped up Rs 9,037 crore in the corresponding period previous fiscal. The funds mobilised during the June 2018 quarter were also higher than what the companies had raised during the entire 2017-18, when they could manage only Rs 59,500 crore. The data available with the Securities and Exchange Board of India showed that funds raised by listed firms through preferential allotment stood at Rs 99,811 crore during the first quarter of 2018-19.
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Special Report 14-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).
2,32,163
7,76,400 5,34,640
29.5
2,26,037
7,91,760
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).
320
2.4
6,851
CE
300
7.75
6,843
89,73,000 NIFTY FUTURE 35,97,000
SBIN
CE
310
4.2
6,009
58,38,000
TATASTEEL
CE
600
8.95
5,624
19,51,179
SBIN
CE
330
1.35
5,362
58,50,000
Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
BANKNIFTY
CE
28,000 77.45
3,51,560
BANKNIFTY
CE
28,100
48.9
BANKNIFTY
CE
28,200
SBIN
CE
SBIN
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST Symbol
Optio Strike n Price Type
BANKNIFTY
Open Interest
2,83,500
LTP
Traded Volume (Contracts)
Open Interest
PE
27,800 111.3
2,67,943
6,97,680
BANKNIFTY
PE
27,700
80.5
2,19,850
BANKNIFTY
PE
27,500 41.95
2,04,047
SBIN
PE
290
6.1
7,976
SBIN
PE
300
10.5
5,387
SBIN
PE
280
3.35
5,027
RELIANCE
PE
1,180 17.15
4,758
TATASTEEL
PE
560
15.1
4,211
4,37,600 The Nifty50 after opening sharply lower and breaking 7,00,480 11,400 levels extended losses as the day progressed and hit an intraday low of 11,340.30. It did manage to claw 57,54,000 back above 11,400 in afternoon trade, but failed to hold 30,03,000 the same level and closed 73.70 points lower at 35,31,000 11,355.80. the traders can make a short position around the level of 10440-20 upto the level of 11350-300 in nifty 10,71,000 future with stoploss above 11480. 8,80,630
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
11433.00
11394.00
11367.00
11328.00
11301.00
BANKNIFTY
27986.00
27890.00
27814.00
27718.00
27642.00
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Special Report 14-Aug-2018
RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD OCT FUT ABOVE 29830 TGT 29880 29880 SL BELOW 29760 SELL GOLD BELOW 29730 TGT 29630 29530 SL ABOVE 29800
SILVER TRADING STRATEGY: BUY SILVER SEP FUT ABOVE 38200 TGT 38350 38700 SL BELOW 38000 SELL SILVER SEP FUT BELOW 37800 TGT 37650 37350 SL ABOVE 38000
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 14-Aug-2018
RECOMMENDATIONS GUARGUM5 BUY GUARGUM OCT FUT ABOVE 9800 TGT 9840 9880 SL BELOW 9760 SELL GUARGUM5 OCT FUT BELOW 9400 TARGET 9360 9320 SL 9450.
NCDEX INDICES Index
Value
% Change
Barley Castor Seed Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT
1635 4548 4290 4900 1732 4390
1.27 -2.4 1.06 -1.21 -0.37 -3.99
19125
-1.11
4102 3334 7020
-0.15 -1.42 -0.99
Jeera 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 14-Aug-2018
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
69.4685 Yen
62.9700
Euro
79.1876 GBP
88.6274
USD/INR BUY USDINR ABOVE 70.50 TGT 70.80/71.10 SL BELOW 70.20 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 14-Aug-2018
Date
Commodity/ Currency Pairs
13/08/18
NCDEX DHANIYA
AUG
BUY
13/08/18
NCDEX DHANIYA
OCT
13/08/18
NCDEX GUARGUM5
13/08/18
Contract Strategy
Entry Level
Target
Stop Loss
Remark
4990
5040 5140
4900
NOT EXECUTED
SELL
4930
4880 4800
4990
OPEN
AUG
BUY
9530
9600 9700
9450
NOT EXECUTED
NCDEX GUARGUM5
AUG
SELL
9800
9700 9500
9900
TGT HIT
13/08/18
MCX GOLD
AUG
BUY
29800
29850 30000
29730
TGT HIT
13/08/18
MCX GOLD
AUG
SELL
29730
29630 29530
29800
NOT EXECUTED
13/08/18
MCX SILVER
SEP
BUY
38100
38300 38600
37900
OPEN
13/08/18
MCX SILVER
SEP
SELL
37900
37700 37400
38100
NOT EXECUTED
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
Entry Level
Target
Stop Loss
Remark
13/08/18
NIFTY
FUTURE
SELL
11430
11400
11480
NOT EXECUTED
13/08/18
APOLLOTYRE
FUTURE
BUY
259-260
265-270
256
NOT EXECUTED
13/08/18
SUNTV
FUTURE
SELL
835-832
824-810
842
TGT HIT
13/08/18
STRTECH
CASH
BUY
358-356
350-340
364
SL TRIGGERED
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Special Report 14-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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