Special Report 15-Nov-2018
Global markets at a glance Wall Street stocks fell on Wednesday, with the S&P 500 notching a fifth straight day of losses as financial stocks were hit by fears that regulations on the banking industry would tighten once the Democratic Party takes control of the US House of Representatives. Financial stocks fell after Democrat Maxine Waters, who is expected to become chair of the House Financial Services Committee, made clear that she intends to push for stricter rules on the sector. Waters said she was concerned by the Federal Reserve's efforts to reduce capital and liquidity requirements for banks and wants the central bank to vigorously supervise large banks.The financial sector dropped 1.4 percent and was the biggest percentage decliner on the S&P 500. The S&P 500 Banks index fell 1.7 percent.US stocks pared losses somewhat after British Prime Minister Theresa May won the backing of her senior ministers on a draft agreement for exiting the European Union, though they resumed their descent in the last halfhour of trading. Asian stocks edged up on Thursday as a steep slide in crude oil prices which had chilled investor sentiment slowed, while the pound and euro were supported after British Prime Minister Theresa May gained cabinet support for a Brexit deal. PREVIOUS DAY ROUNDOFf Bulls failed to maintain their hold on markets on November 14 and ended the day flat. The index formed a bearish candle resembling a ‘Hanging Man’ on the daily charts.The index reversed gains after hitting levels between 10,60010,650 for the fifth consecutive day in a row and now a close above 10,650-10,700 is required for bulls to regain control over D-Street. On the other hand, a close below 10,550-10,532 could take the index lower towards 10,440 levels suggest experts.Even though the market might be giving mixed signals, experts suggest investors stay long on the index with a stop below 10,440 levels. The index formed a Piercing patter in Tuesday's session which suggested bulls might regain control of D-Street, but the formation of a bearish candle might have now negated the positive pattern.
World Indices Index
Value
% Change
DJI
25286.49
-0.40
S&P500
2722.18
-0.15
NASDAQ
7200.87
-2.66
FTSE100
7053.76
0.00096
21784.17 25784.48
-0.12 -0.033
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
HPCL
243.7
10.9
4.68
BPCL
315.95
12.8
4.22
UPL
760.25
23.7
3.22
7,369.05
218.6
3.06
161
4.5
2.88
CMP
Change
% Chg
520.1 700.25 352.55 997.1 1,129.90
-41.65 -27.8 -12.8 -36.1 -36
-7.41 -3.82 -3.5 -3.49 -3.09
Maruti Suzuki ONGC
Top Losers Company
Sun Pharma Tech Mahindra GAIL HCL Tech Kotak Mahindra
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
AARTIIND
1375.3
70.7
5.14
ELECTROSL
23.65
1.15
4.86
GUJFLUORO
924.75
-27.65
-2.99
360.9
5.4
1.5
619.35
21.65
3.5
Prev. Close
Change
%Chg
2.9
0.1
3.45
18.65
0.05
0.27
55.7 3.1 1.4
-2.75 -0.1 0.05
-4.94 -3.23 3.57
ICICIBANK LINDEINDIA
Stocks at 52 Week’s LOW Symbol
ABGSHIP ADROITINFO
Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[-42.05pts], Consumption[-6.5ts],PSE[-28.1pts],CPSE[-17.4pts],Energy [-7 4 .45 pts],FM CG[+1 .4 pts],Auto [ -1 .9 pts],Pharm a [37.15pts],IT[+151.45pts],Metal[-24.8pts],Realty[-0.45 pts], Fin Serv sector[+8.5pts].
AIFL ALCHEM ANGIND
Indian Indices Company
CMP
Change
% Chg
NIFTY
10576.30
-6.20
-0.06
SENSEX
35141.99
-2.50
-0.01
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Special Report 15-Nov-2018
RECOMMENDATIONS [FUTURE] 1. CADILAHC [FUTURE ] Stock has given the breakout of ascending triangle on the closing basis on the daily chart and closed near to days high. It also maintained itself above the 200 EMA on the hourly chart. We recommend buying around the 370 level for the target of 375 with the stop loss of 365
2. BANKBARODA [FUTURE] Stock is consolidating from past a few trading sessions and today performed well good volumes. It also formed the flag pattern on the daily chart. We recommend buying above the 114 level for the target of 116 with the stop loss of 112.
STOCK RECOMMENDATION [CASH] FCONSUMER [CASH] Stock outperformed well with volume breakout and closed near to days high it also gave closing above the 200 EMA on the daily chart. The RSI also looking strong on the daily chart. We recommend buying above the 53 level for the target of 54 with the stop loss of 52.
MACRO NEWS
Oil rebounds from steep sell-off as OPEC, partners discuss supply cutOil rose about 1 percent on Wednesday, recouping some of the previous session's heavy sell-off, on growing prospects that the Organization of the Petroleum Exporting Countries and allied producers would cut output at a meeting next month to prop up prices.
JSW Steel sets sights on troubled steel companiesJSW Steel is training its eyes on downstream assets as it looks at the next round of companies that have been referred to the insolvency courts.
Vodafone Idea reports loss of Rs 4,973 cr for Sept quarter, mulls raising Rs 25k cr
Auto manufacturers may recoup lost pricing power in 2019 pre-buying burst
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Special Report 15-Nov-2018
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
Open Interest
BANKNIFTY
CE
26,000
60.3 14,97,725
9,57,860
BANKNIFTY
CE
26,200
18.4 10,24,998
7,34,600
BANKNIFTY
CE
26,100
34.8
9,78,022
7,37,740
NIFTY
CE
10,700
79.4
2,17,665
27,78,450
RELIANCE
CE
1,100
24.5
9,752
24,85,500
TATASTEEL
CE
620
4.6
9,555
15,04,498
MARUTI
CE
7,500
107
8,928
1,51,050
ASHOKLEY
CE
120
0.95
8,773
97,52,000
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST Symbol
Optio Strike n Price Type
LTP
PC Jeweller: The company's net profit fell 38 percent at Rs 39.7 crore.
Alkem Labs: US FDA has concluded inspection at Taloja unit with no observations.
Yes Bank: Non-Executive (Independent) Part-Time
NIFTY FUTURE
2,83,500
Traded Volume (Contracts)
Open Interest Last trading session NIFTY Future close on flatish note
BANKNIFTY
PE
25,800
49
10,57,859
7,76,800
BANKNIFTY
PE
25,700 27.85
9,48,097
8,61,600
BANKNIFTY
PE
25,200
5
2,49,442
3,95,740
NIFTY
PE
10,500 95.95
1,61,993
25,71,675
RELIANCE
PE
1,080 16.75
7,776
6,19,000
TATASTEEL
PE
12.2
5,550
7,20,419
RELIANCE
PE
1,060 10.95
5,455
6,87,000
RELIANCE
PE
1,100 25.35
5,158
6,63,500
580
with mildly bearish candle in daily chart,and if we go technically on chart we can clearly see that nifty future respect major resistsance level 10700 then after nifty retrace and made a low around 10550, It’s support level.But again NIFTY bounce back at support area and close around 10600 and bullish sentiment is strong across sectors. During the week highest OI add at 10500 PUT and maximum OI at 10700 CALL option in the week. And volatile moves may continue in the market.So we can follow buy on decline strategy it will be good, buy around 10550-10560 for the target of 10650-10700 with SL of 10500
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
66781
4364.32
66489
4272.53
412314
31350.74
91.7901
INDEX OPTIONS
2284494
128135.38
2273286
127533.33
1015050
73617.14
602.0536
STOCK FUTURES
264769
15212.25
286715
16427.35
1396881
82368.79
-1215.0953
STOCK OPTIONS
172022
10099.96
171422
10033.10
156839
9449.02
66.857 -454.3946
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
10738.67
10673.33
10530.57
10415.63
10349.67
BANKNIFTY
26132.67
25984.33
25706.67
25558.33
25280.67
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Special Report 15-Nov-2018
RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD ABOVE 30725 TGT 30775 30875 SL BELOW 30650 SELL GOLD BELOW 30600 TGT 30550 3450 SL ABOVE 30680
SILVER TRADING STRATEGY: BUY SILVER ABOVE 36300 TGT 36450 36650 SL BELOW 36100 SELL SILVER BELOW 36000 TGT 35850 35650 SL ABOVE 36200
COMMODITY ROUNDUP Anxiety over the U.S.-China trade war and Brexit is keeping gold's $1,200 perch alive, even as the dollar tries to gain leverage against the yellow metal on the same concerns. Skittish trading in U.S. stocks was also prompting bullion fans to stay with the precious metal as October's rout in global equities, and gold's surge to four-month highs, remains in their memory. The Dow was 0.8% lower by 2:38 PM ET (19:38 GMT), giving back early gains as Apple (NASDAQ:AAPL) led a decline in tech stocks. Gold also got a sentiment pop from the rebound in crude prices, which snapped a 12-day rout on Wednesday, the most prolonged selloff in oil history, traders said. On the trade war front, U.S. President Donald Trump and his Chinese counterpart Xi Jinping are to meet in two weeks at the G20 summit in Argentina to try and strike a deal to lower tariffs on roughly $360 billion worth of goods flowing between the two countries. But ahead of that, Trump economic adviser Larry Kudlow and adviser Peter Navarro are at odds over the latter's criticism of Wall Street for trying to influence the outcome of the talks. Oil prices fell on Thursday, pressured by rising supply going into a market in which consumption is expected to slow down amid a glum economic outlook. Front-month Brent crude oil futures were trading at $65.90 per barrel at 0254 GMT, down 22 cents, or 0.3 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $55.95, down 30 cents, or 0.5 percent. Since early October, oil prices have lost around a quarter of their value as supply soars just as demand is expected to slow down along with an economic downturn. "Asian refiners and consumers we speak with are mentioning initial concerns of slowing demand," said Mike Corley, president of Mercatus Energy Advisors. U.S. bank Morgan Stanley (NYSE:MS) said in a note on Wednesday that China's economic "conditions deteriorated materially" in the third quarter of 2018. Meanwhile, data released this week showed economic contraction in industrial powerhouses Japan and Germany in the third quarter.At the same time, supply has been surging, especially due to a 22 percent rise in output in U.S. crude oil production this year to a record 11.6 million barrels per day (bpd).
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Special Report 15-Nov-2018
RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM DEC ABOVE 10040/10070/10100 SL 9900
10010
TARGET
SELL GUARGUM ABOVE DEC 9900 TARGET 9870/9840/9810 SL 10000
NCDEX INDICES Index
Value
% Change
Barley Castor Seed Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT
1867 6208 4567 6230 1956 4622
-0.51 0.39 0.37 -0.24 0.08 -2.89
19650
-2.75
4100 3355 6600
-0.82 -0.47 0.24
Jeera Mustardseed Soy Bean Turmeric
DHANIYA TRADING STRATEGY: BUY DHANIYA DEC ABOVE 6500 TARGET 6530/6560/6600 SL 6400 SELL DHANIYA DEC ABOVE 6430 TARGET 6400/6370/6340 SL 6530
The United States Department of Agriculture (USDA) estimates India's 2018-19 soybean production at 11.0 million metric tons, up nearly 32 percent from 2017/18.Area is estimated to reach 11.0 million hectares, up 6 percent from last year. Yield is estimated at 1.0 ton per hectare, up 25 percent from both last year and the 5-year average.“The high yield is attributed to favorable weather in the major soybean producing areas,” USDA said in its latest report. USDA cuts its estimate for global Soybean production by 2.0 million tons with lower production for the United States and Argentina partly offset by increases for China, India, and Ukraine. Paddy procurement for federal food security system is likely to decline 6-8% in India as farmers are harvesting a lower yield after heavy rains in September had hit the harvest-ready crops in the northern states.Farmers are harvesting a lower yield per acre in key Rice producing states of Punjab, Haryana and UP. The drop in yield has fueled the price of Paddy and likely to reduce government purchase of the cereal by 20-30% compared to the last season as crop maturity has been affected. Export of raw sugar from India to China will begin early next year, the government said in a notification. Raw sugar is the second product after non-basmati rice that China will import from India.“A contract for exporting 15,000 tonne of raw sugar has been entered to by the Indian Sugar Mills Association and COFCO, a government of China run public sector Company,” said commerce and industry ministry in a statement.India plans to export 2 million of raw sugar to China next year onwards.India is the largest producer of sugar in the world with 32 million tonnes production in 2018. India is in a position to become a regular and dependable exporter of high quality sugar in significant volumes to China.
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Special Report 15-Nov-2018
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
72.1039 Yen
63.31
Euro
81.4361 GBP
93.6961
USD/INR TRADING STRATEGY: USD/INR BUY USDINR NOV ABOVE 72.50 TGT 72.62 72.75 SL 72.35 SELL USDINR NOV BELOW 72.30 TGT 72.18 72.05 SL 72.45
The rupee gained 36 paise to end at 72.31 against the US dollar Wednesday as global crude oil prices hovered near one-year lows, easing concerns over expanding current account deficit and inflation. The recovery was also supported by dollar-selling by exporters and banks, foreign fund inflows and the greenback's weakness against some currencies overseas, traders said. Brent crude, the international benchmark, dropped almost 7 per cent to a one-year low of USD 65 a barrel, before staging a modest recovery. Indian rupee and bonds rose in early trade on Wednesday, boosted by a fall in global oil prices and on the central bank's announcement to buy bonds via open market purchases.The Indian rupee opened at 72.18 to the dollar, its strongest since Sept. 21 and compared with 72.6750 on Tuesday, while the 10-year benchmark bond yield fell to as much as 7.70 percent, its lowest since Aug. 2. The paper had ended at 7.76 percent on Tuesday.
GBP/INR TRADING STRATEGY: BUY GBPINR NOV ABOVE 93.50 TGT 93.62 93.75 SL 93.35 SELL GBPINR NOV BELOW 93.30 TGT 93.18 93.05 SL 93.45
The euro and sterling climbed higher on Wednesday as investor confidence rose on news Britain had struck a draft divorce deal with the European Union after more than a year of talks. The dollar index, a gauge of its value versus six major peers traded at 97.03 on Wednesday, down 0.28 per cent. The index hit a 16-month high of 97.69 on Monday. The Reserve Bank is intervening in the currency market without hurting the reserves and domestic liquidity. It has gone slow on its spot foreign exchange market intervention in September.It sold only $ 1 billion in spot market, but sold $7 billion in forward, according to the latest date released by the central bank. In comparison it sold $ 6 billion in spot and $ 5 billion in forward in August.
The Reserve Bank has been aggressively selling dollars in the spot as well as forward markets since January this year. This is because the rupee has been losing value as foreign investors started pulling out investments from emerging markets including India following the rate hike since last December. _____________________________________________________________________________________________________________________ Please refer to disclaimer Epic Research Ltd www.epicresearch.co
Special Report 15-Nov-2018
Date
Commodity/ Currency Pairs
14/11/18
NCDEX DHANIYA
DEC
BUY
6480
14/11/18
NCDEX DHANIYA
DEC
Sell
14/11/18
NCDEX GUARGUM5
DEC
14/11/18
NCDEX GUARGUM5
14/11/18
Contract Strategy
Entry Level
Stop Loss
Remark
6500-6520
6420
TARGET
6450
6430-6410
6510
TARGET
BUY
10145
10160-10180
10085
NOT EXECUTED
DEC
SELL
10130
10110-10080
10190
NOT EXECUTED
MCX GOLD
DEC
BUY
30850
30900-31000
30770
NOT EXECUTED
14/11/18
MCX GOLD
DEC
SELL
30800
30750-30650
30880
FINAL TARGET
14/11/18
MCX SILVER
DEC
BUY
36600
36750-36950
36400
NOT EXECUTED
14/11/18
MCX SILVER
DEC
SELL
36500
36350-36150
36700
FINAL TARGET
Entry Level
Target
Stop Loss
Remark
Target
Date
Scrip
CASH/ FUTURE/ Strategy OPTION
14/11/18
NIFTY
FUTURE
BUY
10600
10650-10700
10450
TARGET
14/11/18
JUBLFOOD
FUTURE
BUY
1160
1180
1130
TARGET
14/11/18
GRASIM
FUTURE
BUY
883
890
870
TARGET
14/11/18
UBL
CASH
BUY
1300
1320
1290
STOP LOSS
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Special Report 15-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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