Special Report
18-Dec-2018
Global markets at a glance
World Indices
Wall Street’s major indexes all slid more than 2 percent on Monday, with the benchmark S&P 500 closing at its lowest in 14 months, on concerns about slowing economic growth ahead of a highly anticipated decision from the Federal Reserve this week on the course of US interest-rate hikes.
Index
Value
% Change
DJI
23718
-0.52
S&P500
2650
-0.020
NASDAQ
6753
-2.27
FTSE100
6773
-1.05
21506 26087
+0.62 -0.03
The S&P 500 hit its lowest since October 2017 to breach lows reached during its sell-off in February, having wiped out about $3.4 trillion of market value since late September. The small-cap Russell 2000 index confirmed a bear market, having fallen more than 20 percent from its August 31 closing high. The Dow Jones Industrial Average fell 507.53 points, or 2.11 percent, to 23,592.98, the S&P 500 lost 54.01 points, or 2.08 percent, to 2,545.94 and the Nasdaq Composite dropped 156.93 points, or 2.27 percent, to 6,753.73.Asian share markets stumbled on Tuesday as heightened concerns about a slowing global economy sent Wall Street stocks skidding to their lowest levels in more than a year . PREVIOUS DAY ROUNDOFF Benchmark indices ended on strong note with Sensex closed up 300 points, while Nifty ended just below 10,900.At the close, the Sensex was up 307.14 points at 36,270.07, while Nifty was up 82.90 points at 10,888.40. About 1400 shares have advanced, 1192 shares declined, and 150 shares are unchanged. Power Grid Corp, Tata Motors, HDFC, Coal India and Vedanta are the top gainers on the Sensex, while Kotak Mahindra Bank, Infosys, Bharti Airtel, Hero Motocorp and L&T are among major losers. All the sectoral indices ended in green led by metal (up 2 percent) and energy stocks (up 1.5 percent) followed by auto, bank, infra and pharma space. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[+1.22pts], Consumption[+0.32pts],PSE[+1.53pts],CPSE [+1.36pts],Energy[+1.51pts],FMCG[+0.83pts],Auto [ +0 .6 9 pt s] ,P ha rm a [+0 .5 1pts] , I T [+0.15pts],Metal+2.02pts],Realty[-0.23pts], Fin Serv sector [+1.01pts].
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
Tata Motors
173.95
7
4.19
Power Grid Corp
192.55
6.85
3.69
1,960.35
56.25
2.95
Zee Entertain
501.85
12.4
2.53
Hindalco
225.45
5.3
2.41
CMP
Change
% Chg
1,222.45 694.4 6,087.80 781.45 315.2
-33.5 -11.65 -89.85 -11.45 -4.05
-2.67 -1.65 -1.45 -1.44 -1.27
HDFC
Top Losers Company
Kotak Mahindra Infosys Bajaj Finserv Indiabulls Hsg Bharti Airtel
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
53.8
3.6
6.69
1228.1
25.9
2.11
1860.55
-9.8
-0.53
1000
0
0
425.25
31.75
7.47
Prev. Close
Change
%Chg
2.35
0.05
2.13
3.5
0
0
DAMODARIND EASUNREYRL ENIL Indian Indices
45.15
1.35
2.99
5.45
0.25
4.59
594.4
3.25
0.55
Company
CMP
BANG GMMPFAUDLR HINDUNILVR ICICILIQ IRCON
Stocks at 52 Week’s LOW Symbol
ADHUNIK AMTEKAUTO
Change
% Chg
NIFTY
10888
82.9
+0.77
SENSEX
36270
307.14
+0.85
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Special Report
18-Dec-2018
RECOMMENDATIONS [FUTURE] 1. JUBILANT FOOD (FUTURE ) On Daily chart we have seen that stock near its resistence level, expectation it will broke its resistense level. . Fresh Buying we have seen in last trading session . After analysis of derivative data its indicate that traders view is to buy the stock . Our recommendation is also Buy the stock in the range of 1270 target 1280/1290 Sl 1250
STOCK RECOMMENDATION [CASH] JUBILANT FOOD On Daily chart we have seen that stock close above its pivot resistense level . Fresh buying we have seen in last trading session . After analysis of derivative data its indicate that traders view is to buy the stock . Our recommendation is also buy the stock in the range of 850 target 860/865 Sl 830
MACRO NEWS
India's retail inflation eased to 2.3 percent in November, according to data released by the government on December 12. It stood at 4.88 percent in November last year and was 3.31 percent in October.Led by deflation in food items, softening crude oil prices and relatively stable domestic currency, the central bank kept key policy rates unchanged last week.
The Cabinet on December 17 approved amending the existing laws to provide legal backing for seeding of biometric ID Aadhaar with mobile numbers and bank accounts as an optional KYC after the Supreme Court barred mandatory use of 12-digit unique identifier by private firms, sources said. The Cabinet headed by Prime Minister Narendra Modi approved amendments to the Telegraph Act and the Prevention of Money Laundering Act (PMLA) after the Supreme Court in September imposed restrictions on the use of Aadhaar by private companies.
Zydus Wellness that already has a strong presence in the sugar substitute market, has expanded its portfolio by launching a new variant Sugar Lite, said Tarun Arora, Chief Operating Officer and Director, Zydus Wellness.
2. BEML [FUTURE] On Daily chart we have seen that stock close above its pivot resistense level . Fresh buying we have seen in last trading session . After analysis of derivative data its indicate that traders view is to buy the stock . Our recommendation is also buy the stock in the range of 850 target 860/865 Sl 830
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Special Report
18-Dec-2018
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
BANKNIFTY
CE
27,200
93
4,16,299
BANKNIFTY
CE
27,000 173.5
3,38,571
BANKNIFTY
CE
27,300
64.5
2,78,473
RELIANCE
CE
1,140
17.1
10,931
TATAMOTORS CE
180
2.45
10,436
MARUTI
CE
8,000
35
8,791
RELIANCE
CE
1,160
10
7,737
RELIANCE
CE
1,120 27.55
7,200
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST Symbol
Optio Strike n Price Type
BANKNIFTY
PE
BANKNIFTY
Open Interest
Ashoka Buildcon: Subsidiary raises Rs 150 crore from Morgan Stanley India Infrastructure.
5,14,740 Glenmark Pharma: Company announces new data on GBR 1302, a HER2xCD3 Bispecific antibody, presented at 5,47,020 the ESMO Immuno-Oncology Congress 2018 4,04,860 NIFTY FUTURE In last trading session we have seen the 16,45,000 Buying pressure in the market. It form green bullish 52,69,500 candle on daily chart . We expect that upcoming week 2,63,475 from trading prospective is very volatile due to election result proposed. Our view on market is bearish ,our 14,81,000 recommendation is to sell the nifty future in the range of 8,54,500 10940 Target 10900/10850/10820 .Sell on rise strategy follow for trading & positional purpose. 2,83,500
LTP
Traded Volume (Contracts)
Open Interest
26,800
75
3,88,812
6,25,940
PE
26,500
27.5
3,13,344
8,92,040
BANKNIFTY
PE
26,700
53
2,95,141
5,72,040
RELIANCE
PE
1,100
7.45
7,580
9,25,000
KOTAKBANK
PE
1,200
21.5
5,244
5,28,800
RELIANCE
PE
1,080
4.2
4,756
7,19,500
RELIANCE
PE
1,120
13
4,439
4,98,000
TATAMOTORS PE
170
2.4
3,849
17,97,000
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
23784
1758.82
29930
2078.01
362406
28116.06
-319.1919
INDEX OPTIONS
920453
55742.80
920676
55721.69
877551
65520.24
21.1023
STOCK FUTURES
180050
10239.52
177891
10233.49
1475590
86347.69
6.0283
STOCK OPTIONS
106544
6195.49
106035
6149.86
156546
8816.04
45.6253 -246.436
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
10933
10910
10877
10855
10822
BANKNIFTY
27134
27075
26991
26932
26849
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Special Report
18-Dec-2018
RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD ABOVE 31600 TGT 31650/31725 SL BELOW 31500 SELL GOLD BELOW 31500 TGT 31420/31375 SL ABOVE 31700
COMMODITY ROUNDUP Crude prices were lower on Friday, as the Organization of the Petroleum Exporting Countries (OPEC) struggled to come up with an agreement on cutting oil production.West Texas Crude oil futures for January slumped 0.50% to $51.23 a barrel as of 4:54 AM ET (9:54 GMT), after falling nearly 3% on Thursday. Meanwhile Brent crudefutures, the benchmark for oil prices outside the U.S., dipped 0.45% to $59.78.The Thursday session of the OPEC meeting in Vienna ended without any decision on cutting oil supply, as Iran seeks an exemption from any cuts due to U.S. sanctions which have already weighed on its exports. Saudi Arabia’s oil minister Khalid Al Falih said on Friday that he is not confident a deal will be reached.Oil is down 30% since October amid worry over increased supply as global demand slows.Oil output from the world's biggest producers - OPEC, Russia and the United States - has increased by 3.3 million barrels per day (bpd) since the end of 2017, to 56.38 million bpd, meeting almost 60 percent of global consumption.
SILVER TRADING STRATEGY: BUY SILVER ABOVE 38300 TGT 38375/38425 SL BELOW 38175 SELL SILVER BELOW 38100 TGT 38000/37975 SL ABOVE 38225
Pan Pacific Copper (PPC), Japan's top copper smelter, expects the price of the industrial metal to rise toward $7,000 a tonne in 2019, from about $6,168 now, backed by firm global demand and tighter supply, its executive said.PPC, which is also a miner controlled by JXTG Holdings 5020.T , expects global consumption and supply of refined copper to each increase by 2.2 percent in 2019 from this year, Takeshi Suwabe, Pan Pacific's general manager for marketing, told Reuters this week. "With support from physical buyers, copper prices are likely to try $6,400 level in the short term," he said.Three-month copper CMCU3 on the London Metal Exchange has fallen 15 percent this year amid worries that the months-long U.S.Sino trade war may hurt the global economy including China.But Suwabe said global copper sales have been solid despite the trade spat and the price will likely climb toward $7,000 - the level needed for miners to start developing new mines - in the latter part of 2019 to reflect a tighter market Russian energy minister Alexander Novak returned to Vienna on Friday after discussing OPEC with Russian President Vladimir Putin in Moscow. said on Friday Russia would seek an agreement with OPEC and non-OPEC producers and a Russian Energy Ministry source said.
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Special Report
18-Dec-2018
RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM JAN ABOVE 8900 TARGET 8915/8935/8960 SL 8850 SELL GUARGUM ABOVE JAN 8850 TARGET 8835/8820/8790 SL 8910
NCDEX INDICES Index
Value
% Change
Barley Castor Seed Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT
1830 5388 4544 6664 1923.5 4392.5
0.27 0.15 0.35 -2.76 -1.12 -0.42
Jeera
18235
0.49
4099 3373 6150
-0.32 -0.03 2.44
Mustardseed Soy Bean Turmeric
DHANIYA TRADING STRATEGY: BUY DHANIYA JAN ABOVE 6600 TARGET 6615/6630/6660 SL 6540 SELL DHANIYA JAN ABOVE 6570 TARGET 6555/6530/6520 SL 6630
Jeera prices rose 1.21 percent to Rs 18,895 per quintal in futures trade on December 7 as speculators created fresh positions, driven by pick-up in demand from stockists and overseas enquiries.Tight stocks position following restricted arrivals from the growing regions fuelled the uptrend. At the National Commodity and Derivatives Exchange, jeera for delivery in January rose by Rs 225, or 1.21 per cent, to Rs 18,895 per quintal, with an open interest of 3,114 lots. Coriander prices fell 0.02 per cent to Rs 6,503 a quintal in futures market on december 7 as participants cut down positions amid muted domestic as well as exports demand against ample stocks position.Besides, rising arrivals from major producing belts and profit-booking at higher levels weighed on the sentiment.At the National Commodity and Derivatives Exchange, coriander prices for delivery in Jauary declined by Rs 1, or 0.02 per cent, to Rs 6,503 per quintal with an open interest of 28,460 lots. Chana prices declined 0.24 per cent to Rs 4,622 per quintal in futures trade on December 7 as speculators reduced exposure amid subdued demand at the spot market against adequate stocks position.At the National Commodity and Derivatives Exchange, chana for delivery in December fell by Rs 11, or 0.24 per cent, to Rs 4,622 per quintal, with an open interest of 29,390 lots.imilarly, the commodity for delivery in February declined by Rs 25, or 0.54 per cent, to Rs 4,645 per quintal in 9,250 lots. Marketmen said trimming of positions by traders on the back of easing demand in the physical market against adequate stocks position mainly influenced chana prices at futures trade.
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Special Report
18-Dec-2018
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
71.62 Yen
63.32
Euro
81.35 GBP
90.33
USD/INR TRADING STRATEGY: USD/INR BUY USDINR NOV ABOVE 72 TGT 72.1 72.25 SL 71.8 SELL USDINR NOV BELOW 71.7 TGT 71.6 71.7 SL 71.9
GBP/INR TRADING STRATEGY: BUY GBPINR NOV ABOVE 90.6 TGT 90.7 90.8 SL 90.4 SELL GBPINR NOV BELOW 90.4 TGT 90.3 90.2 SL 90.6
The Indian rupee is trading higher by 35 paise at 70.55 per dollar on Friday versus previous close 70.90 per dollar. Rupee weakened sharply against the US dollar ahead of the important OPEC meeting that was scheduled last evening. In the second half of the session rupee rose after oil prices came under pressure following OPEC’s decision to delay a final decision on output cuts, awaiting support from non-OPEC heavyweight Russia. The declines came after crude slumped by almost 3% ending a meeting without announcing a decision to cut crude supply, instead preparing to debate the matter today, said Motilal Oswal. Indian bonds rose to over 8-month highs as rate hike fears faded after the central bank promised to keep buying government bonds to infuse liquidity, and also mentioned the probability of changing its rate stance if inflation risks do not mature. The 10-year benchmark bond yield fell to as low as 7.38 per cent, its lowest since April 11 and compared with its previous close of 7.44 per cent. The Indian rupee was weaker at 70.89 to the dollar tracking Asian peers, compared with 70.46 on Wednesday. Most Asian currencies fell on concerns over slowing global growth and a lack of resolution in the China-US trade war. India's central bank kept interest rates unchanged on Wednesday, in a decision that was widely expected as inflation has eased significantly, while it took steps to persuade banks to lend more in order to support an economy that has lost some momentum. India's central bank kept interest rates unchanged on Wednesday, in a decision that was widely expected as inflation has eased significantly, while it took steps to persuade banks to lend more in order to support an economy that has lost some momentum. The monetary policy committee (MPC) kept the repo rate unchanged at 6.50 percent on Wednesday as predicted by 64 of 70 analysts in a Reuters poll. The central bank also retained its "calibrated tightening" stance as expected.
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Special Report
18-Dec-2018
Date
Commodity/ Currency Pairs
17/12/18
NCDEX DHANIYA
JAN
BUY
6750
17/12/18
NCDEX DHANIYA
JAN
Sell
17/12/18
NCDEX GUARGUM5
JAN
17/12/18
NCDEX GUARGUM5
17/12/18
Contract Strategy
Entry Level
Stop Loss
Remark
6775/6790/68 10
6690
NOT EXECUTED
6590
6575/6560/65 30
6650
TARGET
BUY
8910
8925/8940/89 70
8850
TARGET HIT
JAN
SELL
8850
8835/8820/87 90
8910
NOT EXECUTED
MCX GOLD
JAN
BUY
31750
31800/31875
31650
NOT EXECUTED
17/12/18
MCX GOLD
JAN
SELL
31500
31420/31375
31700
NOT EXECUTED
17/12/18
MCX SILVER
MAR
BUY
38600
38675/38750
38420
NOT EXECUTED
17/12/18
MCX SILVER
MAR
SELL
38400
38320/38260
38200
NOT EXECUTED
Entry Level
Target
Stop Loss
Remark
Target
Date
Scrip
CASH/ FUTURE/ Strategy OPTION
17/12/18
NIFTY
FUTURE
SELL
10820
10800/10780/ 10750
10920
TARGET HIT
17/12/18
GAIL
FUTURE
BUY
347
350/352
344
TARGET
17/12/18
BHARAT FORG
FUTURE
BUY
520
530/535
510
SL HIT
17/12/18
GAIL
CASH
SELL
347
350/352
344
TARGET HIT
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Special Report
18-Dec-2018
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS TIME (ET)
REPORT
PERIOD
ACTUAL
FORECAST
PREVIO US
MONDAY, DEC. 3 9:45 am
Markit manufacturing PMI
Nov.
--
55.4
10 am
Construction spending
Oct.
0.3%
0.0%
TUESDAY, DEC. 4
TUESDAY, DEC. 4
TUESDAY, TUESDAY, DEC. 4 DEC. 4
TUESDA TUESDAY, DEC. Y, DEC. 4 4
WEDNESD AY, DEC. 5
WEDNESDAY, DEC. 5
WEDNESD WEDNESDAY, WEDNESDAY, DEC. 5 AY, DEC. 5 DEC. 5
WEDNE SDAY, DEC. 5
8:15 am
ADP employment
Nov.
---
227,000
8:30 am
Productivity
Q3
2.3%
2.2%
9:45 am
Markit services PMI
Nov.
--
55.4
10 am
ISM nonmanufacturing index
Nov.
59.8%
60.3%
--
--
--
-THURSD AY, DEC. 6
10 am
Varies
8:30 am
10 am
9:45 am
9:45 am 2 pm
Quarterly services survey
Markit manufacturing index flash
Nov.
Markit Beigeservices book index flash
Nov.
Q3
--
55.7
--
54.8
THURSDAY THURSDAY, DEC. 6 , DEC. 6
THURSDA THURSDAY, DEC. 6 Y, DEC. 6
THURSDAY, DEC. 6
8:30 am
12/1
225,000
Weekly jobless claims
234,000
8:30 am 10 am
The
Factory orders
Oct.
-2.0%
0.7%
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