Special Report 16-Nov-2018
Global markets at a glance Wall Street stocks fell on Thursday , 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 Markets continued the positive momentum with Nifty and Bank Nifty gaining traction in the second half of the session. Nifty ended the day 40 points higher at 10,576 led by gains in financial and metal stocks. Bank Nifty ended the weekly expiry 224 points higher on account of short covering in at-the-money strikes. However, the real outperformer of the day's session was Jet Airways, which ended the day ~24% higher after reports emerged that Tata Group was considering the acquisition of the cash-strapped carrier.Tracking the derivative data points, Nifty Futures and Bank Nifty Futures witnessed a surge in open interest to the tune of1.7% and 16%, respectively.On the options front, short covering was witnessed in Bank Nifty for major at-the-money strikes with 26000CE and 26100CE shedding ~8 lakh shares and ~5.4 lakh shares, respectively, which propelled the index higher.India Vix ended the day 1.94% lower at 18.45. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[-0.04pts], Consumption[+0.25s],PSE[-0.10pts],CPSE[-0.52pts],Energy [-0.21pts],FMCG[-0.09pts],Auto[+0.63pts],Pharma [+0.03pts],IT[+0.11pts],Metal[+0.76pts],Realty[+1.70 pts], Fin Serv sector[1.10pts].
World Indices Index
Value
% Change
25289.49
+0.83
2730
+1.06
NASDAQ
7259.03
+1.69
FTSE100
7038.01
0.06
21784.17 25784.48
-0.12 -0.033
DJI S&P500
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
Adani Ports
346.2
14.2
4.28
Titan Company
920.8
28.6
3.21
23,945.35
705.25
3.03
Kotak Mahindra
1,162.25
32.35
2.86
Hero Motocorp
2,922.15
74.6
2.62
CMP
Change
% Chg
808.7 205.85 804.85 153.8 255.4
-67.65 -16.55 -34.45 -3.55 -4.65
-7.72 -7.44 -4.1 -2.26 -1.79
Eicher Motors
Top Losers Company
Grasim Yes Bank Indiabulls Hsg NTPC Bharti Infratel
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
AARTIIND
1438.25
-13.25
-0.92
APOLLOHOSP
1168.05
82.6
7.07
ATUL
3457.6
68.9
1.99
BIRLACABLE
200.55
-2.05
-1.02
24.8
1.2
4.84
Prev. Close
Change
%Chg
42.7
0.3
0.7
52.95
-2.6
-4.91
2.95 1.45 282.15
0 0.05 -5.95
0 3.45 -2.11
ELECTROSL
Stocks at 52 Week’s LOW Symbol
ADHUNIKIND AIFL ALCHEM ANGIND ASAHIINDIA
Indian Indices Company
CMP
Change
% Chg
NIFTY
10616.70
+40.40
0.38
SENSEX
35260.54
+118.55
+0.34
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Special Report 16-Nov-2018
RECOMMENDATIONS [FUTURE] 1. JustDIAL [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 500 level for the target of 505 with the stop loss of 495
STOCK RECOMMENDATION [CASH] Yes Bank [CASH] Stock is consolidating from past a few trading sessions and today performed well good volumes in downside It also formed the Bearish pattern on the daily chart. We recommend SELL above the 199 level for the target of 194 /190 with the stop loss of 204
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 burstOnline fashion retailer Jabong, which was acquired by Myntra in a discount deal in 2016, is expected to lay off around 200-250 people, which is 40-50 percent of its total workforce, two sources told Moneycontrol.The development comes just two days after the exit of Flipkart Group Chief Executive Officer Binny Bansal.
Glenmark Pharmaceuticals receives ANDA approval for Teriflunomide Tablets, 7 mg and 14 mg
2. YES Bank [FUTURE] Stock is consolidating from past a few trading sessions and today performed well good volumes in downside It also formed the Bearish pattern on the daily chart. We recommend SELL above the 199 level for the target of 194 /190 with the stop loss of 204
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Special Report 16-Nov-2018
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
Open Interest
BANKNIFTY
CE
26,200
0.05 32,20,211
20,16,920
BANKNIFTY
CE
26,100
43.2 25,36,356
BANKNIFTY
CE
26,300
0.05 16,80,046
RELIANCE
CE
1,100
22.5
7,773
MARUTI
CE
7,500
135
7,571
1,27,275
YESBANK
CE
220
6.4
5,910
36,54,000
TATASTEEL
CE
600
9.5
5,886
19,66,033
RELIANCE
CE
1,120 14.35
5,584
14,70,000
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST
Yes Bank - O. P. Bhatt has tendered his resignation from his duties as an External Expert of the Search & Selection Committee
Glenmark Pharmaceuticals receives ANDA approval for 1,94,900 Teriflunomide Tablets, 7 mg and 14 mg 16,61,100 NIFTY FUTURE Last trading session NIFTY Future close on 28,63,000
2,83,500
Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
Open Interest
BANKNIFTY
PE
26,000
0.05
19,19,965
BANKNIFTY
PE
25,900
0.05
17,95,767
BANKNIFTY
PE
25,800
0.05
17,00,407
YESBANK
PE
200
9.1
9,295
RELIANCE
PE
1,080 16.85
4,532
YESBANK
PE
210
13.6
4,204
YESBANK
PE
180
3.65
4,005
flatish note with mildly Bullish candle in daily chart,and if 13,35,760 we go technically on chart we can clearly see that nifty future respect major resistsance level 10700 then after 13,91,200 nifty retrace and made a low around 10550, It’s support 14,88,480 level.During the week highest OI add at 10500 PUT and 49,71,750 maximum OI at 10700 CALL option in the week. And volatile moves may continue in the market.So we can 6,92,000 follow buy on decline strategy it will be good, buy around 14,29,750 10570-10580 for the target of 10620/10650 with SL of 24,20,250 10540
YESBANK
PE
190
5.7
3,785
17,25,500
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
10695.9
10656..3
10606.9
10567.3
10517.9
BANKNIFTY
26496.4
26325.61
26026.8
25856.01
25557.2
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Special Report 16-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 Gold held steady on Thursday as the dollar regained momentum after Britain's Brexit agreement was thrown into turmoil, offsetting limited interest in the metal from investors seeking cover from the political fallout.Spot gold XAU= was unchanged at $1,211.21 per ounce at 1057 GMT. Prices rose 1 percent in the previous session.U.S. gold futures GCcv1 were up 0.1 percent at $1,211.60 per ounce.The dollar index .DXY jumped, making bullion less attractive for holders of other currencies, after Britain's Brexit deal with the European Union was plunged into chaos. FRX/ However, some safe haven demand flowed into gold, a traditional store of value during times of political and economic uncertainty, as stock markets declined. MKTS/ GLOB"We have seen some resignations from the British cabinet so that uncertainty is offering some support to gold prices in the immediate term," ING analyst Warren Patterson said."We will find very good support at $1,200 but will struggle to break up above $1,250 in the near term."Just over 12 hours after May announced that her team of top ministers had agreed to the terms of the draft agreement, Brexit Minister Dominic Raab and Work and Pensions Minister Esther McVey quit, saying they could not support it. Dollar has emerged as a dominant safe haven asset this year, denting appeal for gold, which has fallen 11 percent from an April peak as investors opted for the greenback instead, especially as the U.S.- China trade tussle played out against a backdrop of rising U.S. interest rates. As a result, oil inventories are rising. The American Petroleum Institute said late on Wednesday that crude inventories rose by 8.8 million barrels in the week to Nov. 9 to 440.7 million, compared with analyst expectations for an increase of 3.2 million barrels.Fearing a renewed glut like in 2014, when prices crashed under the weight of oversupply, the Organization of the Petroleum Exporting Countries (OPEC) is discussing supply cuts.To do so successfully, OPEC - under the de-facto leadership of Saudi Arabia - will need Russia on its side, which is not an OPEC member. A joint effort between OPEC and Russia to withhold supply from 2017 was a major contributor to crude price rises last year and in the first half of 2018.
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Special Report 16-Nov-2018
RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM DEC ABOVE 9980 TARGET 10010/10040 SL 9930 SELL GUARGUM ABOVE DEC 9840 TARGET 9810/9790/9750 SL 9950
NCDEX INDICES Index
Value
% Change
Barley Castor Seed Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT
1906.5 6176 4580 6232 1957 4669
1.91 -1.33 -0.22 1.89 2.76 0.92
Jeera
19690
-0.33
4100 3352 6590
-0.24 0.84 -0.61
Mustardseed Soy Bean Turmeric
Nagpur Soybean, Soyoil, Soymeal Open-November 15, 2018 Nagpur, Nov 15 (Reuters) – Prices of Castor oil in non-edible oil prices today touched ro a record high in Vidarbha region of Western Maharashtra on increased offtake by oil paint industries amid a firming trend in producing regions. Buying activity in this oil picked up because of poor crop position reports in this season. Trading activity other major edible oils reported weak as traders adopted wait and watch move, sources said Thursday. DHANIYA TRADING STRATEGY: BUY DHANIYA DEC ABOVE 6650 TARGET 6680/6710/6730 SL 6560 SELL DHANIYA DEC ABOVE 6640 TARGET 6400/6380 SL 6700
Asian refining margins for 10ppm gasoil rose to a fresh fouryear peak on Thursday, boosted by the current weakness in crude prices, while middle distillate inventories in Singapore declined for the first time in three weeks.Refining margins for gasoil with 10ppm sulphur content GO10SGCKMc1 rose to $18.90 a barrel over Dubai crude during Asian trading hours, their strongest since November 2014. The margins were at $18.66 a barrel on Tuesday. The current weakness in crude oil prices is helping gasoil margins at the moment, when overall demand also seems to be quite steady, a Singapore-based trader said. India, which is one of the key players in the region, posted diesel sales of 6.99 million tonnes in October, a rise of 6.7 percent compared to the same period last year, and about 16 percent higher than in September, government data showed on Tuesday. consumption patterns in India typically impact its monthly export volumes, which in turn affects the overall supply in the region. Cash premiums for 10ppm gasoil GO10-SIN-DIF , however, fell to 10 cents a barrel to Singapore quotes, hurt by weaker buying interests in the physical market on Thursday. The premiums were at 19 cents a barrel on Wednesday.
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Special Report 16-Nov-2018
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
72.0775 Yen
63.52
Euro
81.7239 GBP
93.6429
USD/INR TRADING STRATEGY: USD/INR
Indian rupee appreciated further as it is trading below 72 mark. It is trading higher by 42 paise at 71.89 per dollar.It opened 26 paise higher at 72.05 per dollar versus previous close 72.31.On Wednesday the rupee closed 36 paise higher at 72.31 against Tuesday's close 72.67 per dollar.
BUY USDINR NOV ABOVE 72.25 TGT 72.41 72.58 SL 72 SELL USDINR NOV BELOW 72.10 TGT 71.95 71.87 SL 72.30
GBP/INR TRADING STRATEGY: BUY GBPINR NOV ABOVE 92.60 TGT 92.75 92.9 SL 92.45 SELL GBPINR NOV BELOW 92.25 TGT 92.15 91.98 SL 92.40
Rupee consolidated in a narrow range but marginal appreciation was seen in the first half of the sessions following drop in global crude oil prices. In the past few sessions crude was weighed down after citing softening demand and after remarks from Saudi Arabia’s energy minister saying OPEC was considering cutting supply next year. But yesterday losses for the commodity were eroded 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, said Motilal Oswal. EURUSD appreciated by 0.170 percent yesterday while EURINR depreciated by 0.1 percent during the same time frame. EU commission had asked Italy to revise their budget plans. However, Economy Minister Giovanni Tria said that the growth forecast contained in the budget is the result of technical evaluations and ‘non - negotiable,’ suggesting that the country is ready to f ace the EU Commission's sanctions creating more rifts between the two parties. GDP data from Germany came in at - 0.2 percent against market expectations of - 0.1 percent. Direct tax collection has already crossed Rs 5 lakh crore and will exceed the budgeted target of Rs 11.5 crore set for the current fiscal, CBDT Chairman Sushil Chandra said Wednesday. He further said that so far the I-T department has issued refunds to 2.15 crore assessees amounting to Rs 1.15 lakh crore and from now onwards the net collections will increase .We have already crossed the Rs 5 lakh crore figure that is 44 per cent of the net direct tax collection target. This is despite the fact there is a surge in refund," Chandra said. Speaking to reporters after inaugurating the pavillion of the Central Board of Direct Taxes (CBDT) at the India International Trade Fair (IITF), Chandra said the number of people voluntarily filing tax returns has gone up substantially, and 6.85 crore income tax returns were filed last year.
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Special Report 16-Nov-2018
Date
Commodity/ Currency Pairs
15/11/18
NCDEX DHANIYA
DEC
BUY
6500
15/11/18
NCDEX DHANIYA
DEC
Sell
15/11/18
NCDEX GUARGUM5
DEC
15/11/18
NCDEX GUARGUM5
15/11/18
Contract Strategy
Entry Level
Stop Loss
Remark
6530/6560/66 00
6400
SL HIT
6430
6400/6370/63 40
6530
TARGET
BUY
10010
10040/10070/ 10100
9900
TARGET HIT
DEC
SELL
9900
9870/9840/98 10
10000
NOT EXECUTED
MCX GOLD
DEC
BUY
30725
30775-20875
30650
NOT EXECUTED
15/11/18
MCX GOLD
DEC
SELL
30600
30550-30450
30880
FINAL TARGET
15/11/18
MCX SILVER
DEC
BUY
36300
36450-36650
36100
NOT EXECUTED
15/11/18
MCX SILVER
DEC
SELL
36000
35850-35650
36200
FINAL TARGET
Entry Level
Target
Stop Loss
Remark
Target
Date
Scrip
CASH/ FUTURE/ Strategy OPTION
15/11/18
NIFTY
FUTURE
BUY
10550-10560
10650-10700
10500
NOT EXECUTED
15/11/18
CADILAHC
FUTURE
BUY
370
375
365
SL HIT
15/11/18
BANK OF BARODA
FUTURE
BUY
114
116
112
SL HIT
15/11/18
FCONSUMER
CASH
BUY
53
54
52
NOT EXECUTED
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Special Report 16-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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