Special Report 02 –JAN-2019
Global markets at a glance Asian stocks crept higher on Monday as hints of progress on the Sino-US trade standoff provided a rare glimmer of optimism in what has been a rough year-end for equities globally.Survey data out of China, however, proved unhelpfully mixed with manufacturing activity contracting for the first time in two years even as the service sector improved.Sentiment had brightened just a touch when US President Donald Trump said he held a "very good call" with China's President Xi Jinping on Saturday to discuss trade and claimed "big progress" was being made. The Wall Street Journal reported the White House was pressing China for more details of on how it might boost US exports and loosen regulations that stifle US firms there.MSCI's broadest index of Asia-Pacific shares outside Japan added 0.2 percent, but was still down 16 percent for the year. E-Mini future for the S&P 500 firmed 0.68 percent.Japan's Nikkei was closed for a holiday having ended the year with a loss of 12 percent.Across the region, the worst performer of the year was the index of Chinese blue chips which lost a quarter of its value. PREVIOUS DAY ROUNDOFF The Indian benchmark indices witnessed a strong surge in the final hour of trade managing to start 2019 on a positive note.Nifty managed to close 47 points higher at 10,910, while Bank Nifty closed 232 points higher at 27,392, closing at multi-month highs. The recovery in the markets was led by Financial Service and PSU Banking stocks with the likes of Bank of Baroda and Indian Bank closing 3.79% and 3.2% higher respectively. Rest of the major Asian markets were shut on account of New Year celebrations.Nifty & Bank Nifty Futures witnessed an addition in open interest mainly fresh long positions.On the Options front, Bank Nifty witnessed short covering in ATM and ITM call option strikes with 27300CE and 27400CE witnessing a reduction of ~1.78 lakh shares and ~1.16 lakh shares respectively, which fueled the rally in the Index. ( 3rd Dec Expiry). Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[-0.23pts], Consumption[-0.45pts],PSE[+0.14pts],CPSE[ 0 .1 8 pt s ], E ne r gy [+ 0 .0 9 ts ] , FM CG [ -0 .3 9 pt s ],A u to [ 0.57pts],Pharma[+0.15pts],IT[+0.07pts],Metal[ 0.61pts],Realty[+2.22pts], Fin Serv sector[+1.00pts].
World Indices Index
Value
% Change
DJI
23696
+0.37
S&P500
2506
-1.54
NASDAQ
6584
+0.08
FTSE100
6733
+2.27
20014 25504
-0.31 +0.10
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
JSW Steel
306.75
8.65
2.9
Tata Steel
521.05
8.2
1.6
202.2
2.8
1.4
723.15
9.15
1.28
430.5
5.3
1.25
CMP
Change
% Chg
259 312.5 253.25 137.05 619.9
-4 -4.05 -2.65 -1.15 -5.15
-1.52 -1.28 -1.04 -0.83 -0.82
Vedanta Tech Mahindra Sun Pharma
Top Losers Company
Bharti Infratel Bharti Airtel HPCL IOC Axis Bank
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
45.15
1.35
2.99
5.45
0.25
4.59
594.4
3.25
0.55
BANG GMMPFAUDLR HINDUNILVR ICICILIQ IRCON
Stocks at 52 Week’s LOW Symbol
ADHUNIK AMTEKAUTO DAMODARIND EASUNREYRL ENIL Indian Indices Company
CMP
Change
% Chg
NIFTY
10910
47.55
+0.44
SENSEX
36254
186.24
+0.52
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Special Report 02 –JAN-2019
RECOMMENDATIONS [FUTURE]
STOCK RECOMMENDATION [CASH]
1. JUBILANT FOOD (FUTURE )
JUBILANT FOOD
On Daily chart we have seen that stock near its support level, expectation it will broke its support 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 1250 target 1260/1270 Sl 1230
On Daily chart we have seen that stock near its support level, expectation it will broke its support 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 1250 target 1260/1270 Sl 1230
MACRO NEWS
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 910 target 915/920 Sl 900
RBI issues norms for restructuring loans to MSMEs The Reserve Bank of India (RBI) issued norms for restructuring loans defaulted by micro, small and medium enterprises. The RBI permitted a one-time restructuring of existing loans to MSMEs that are in default but 'standard" as on January 1, 2019, the central bank said in a statement. Power Grid Corporation of India: Subsidiary POWERGRID Jabalpur Transmission Limited successfully commissioned the project viz. transmission system strengthening associated with Vindhyachal-V which comprises establishment of Vindhyachal Pooling Station - Jabalpur Pooling Station 765kV Double Circuit Transmission line on build, own, operate and maintain (BOOM) basis.
Chambal Fertilisers & Chemicals: Company has declared the commencement of commercial production from Gadepan-III plant.
VST Tillers Tractors December sales: Power tillers sales at 1,353 units versus 3,004 units and tractors sales at 602 units versus 611 units YoY.
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Special Report 02 –JAN-2019
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
BANKNIFTY
CE
27,500 98.15
6,58,047
BANKNIFTY
CE
27,300 203.05
5,84,794
3,89,060
BANKNIFTY
CE
27,400
145
5,77,689
4,93,840
MARUTI
CE
8,000
57.5
3,405
RELIANCE
CE
1,140 28.25
3,374
RELIANCE
CE
1,160
20.8
2,805
YESBANK
CE
200
8.2
2,312
SUNPHARMA
CE
450
9.75
2,228
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
Open Interest
LIC Housing Finance: V K Sharma resigned as Chairman of the company
10,45,560
NMDC to consider the proposal for buy-back of the fully paid-up equity shares on January 8
1,47,075
Coal India December coal production at 54.13 million tons versus 54.63 million tons
10,96,500 NIFTY FUTURE In last trading session we have seen the 7,69,000 buying pressure in the market. It form green bullish candle on daily chart . We expect that upcoming week 45,57,000 from trading prospective is very volatile . Our view on 12,18,800 market is bearish ,our recommendation is to sell the nifty future in the range of 10940 Target 10900/10850/10820 2,83,500 Sl 11000 .Sell on rise strategy follow for trading & Open positional purpose. Interest
BANKNIFTY
PE
27,000
20
7,31,761
11,92,920
BANKNIFTY
PE
27,100
30
4,27,727
7,15,420
BANKNIFTY
PE
26,900
13.8
4,22,958
5,35,120
RELIANCE
PE
1,100 20.75
2,985
5,34,500
MARUTI
PE
7,400
164
2,103
32,775
RELIANCE
PE
1,080
14.1
1,917
3,16,500
MARUTI
PE
7,000
57
1,680
54,900
RELIANCE
PE
1,120
28.5
1,641
4,06,500
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
186636
13921.68
195007
14676.42
443106
34263.28
-754.743
INDEX OPTIONS
2504350
151864.57
2507286
151949.34
904516
67556.53
-84.7702
STOCK FUTURES
561906
32306.16
563425
32578.21
1517487
90480.81
-272.0549
STOCK OPTIONS
121983
7071.84
122239
7080.18
161995
8995.63
-8.3369 -1119.905
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
10996
10953
10880
10836
10763
BANKNIFTY
27692
27542
27280
27130
26869
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Special Report 02 –JAN-2019
RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD ABOVE 31650 TGT 31700/31750 SL BELOW 31550 SELL GOLD BELOW 31450 TGT 31400/31320 SL ABOVE 31530
SILVER TRADING STRATEGY: BUY SILVER ABOVE 38900 TGT 38950/39000 SL BELOW 38750 SELL SILVER BELOW 38500 TGT 38450/38400 SL ABOVE 38600
COMMODITY ROUNDUP Oil markets reversed early gains on Wednesday to fall on the back of surging U.S. crude production and concerns of an economic slowdown in 2019.International Brent crude futures LCOc1 were at $53.65 per barrel at 0218 GMT, down 15 cents, or 0.3 percent, from their final close of 2018.West Texas Intermediate (WTI) spot crude oil futures CLc1 were at $45.34 per barrel, down 7 cents, or 0.1 percent.Traders said crude futures won an early boost from a rise in stock markets, but then began to fall as the market focus returned to expectations of oversupply amid surging U.S. production and concerns about a global economic slowdown. prices ended 2018 with losses for the first time since 2015, after a desultory fourth quarter that saw buyers flee the market over growing worries about a supply glut and mixed signals related to renewed U.S. sanctions on Iran. U.S. oil began 2019 in positive territory on Wednesday, although the general outlook for the year is weak amid soaring U.S. crude supply and concerns of an economic slowdown.West Texas Intermediate (WTI) spot crude oil futures CLc1 were trading at $45.86 per barrel at 0024 GMT, up 45 cents, or 1 percent, from their final close in 2018.International Brent crude futures LCOc1 had yet to trade.Oil prices ended 2018 with losses for the first time since 2015, after a desultory fourth quarter that saw buyers flee the market over growing worries about a supply glut and mixed signals related to renewed U.S. sanctions on Iran. Gold prices edged lower on Wednesday as Asian equities won support on the first day of the new year from gains in US stock futures, pointing to an improvement in risk appetite. Spot gold fell 0.2 per cent to $1,279.31 per ounce at 0120 GMT. The metal was not far off Monday's more than six-month high of $1,284.09. US gold futures were little changed at $1,281 per ounce. The dollar index, which tracks the greenback against a basket of major currencies, was marginally lower. US President Donald Trump invited Republican and Democratic congressional leaders to a border security briefing at the White House as the federal government remained partialiy shut down over his demand to fund a wall along the US-Mexico border. Asian shares crept cautiously higher on the first trading day of the new year as early gains in US stock futures spoke of some improvement in risk appetite .
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Special Report 02 –JAN-2019
RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM JAN ABOVE 8600 TARGET 8615/8640/8660 SL 8540 SELL GUARGUM ABOVE JAN 8520 TARGET 8505/8480/8460 SL 8580
NCDEX INDICES Index
Value
% Change
Barley Castor Seed Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT
1918.5 5142 4529 6340 1867 4308
-0.13 -3.73 -3.97 -3.99 -2.09 -2.81
Jeera
17740
-3.04
3983 3343 6604
-1.88 -0.24 -0.67
Mustardseed Soy Bean Turmeric
DHANIYA TRADING STRATEGY: BUY DHANIYA JAN ABOVE 6360 TARGET 6375/6390/6420 SL 6300 SELL DHANIYA JAN ABOVE 6340 TARGET 6325/6310/6280 SL 6400
Soybean yellow arrivals (in 90-kg bags) and prices (in rupees per tonne) in Vidarbha, according to officials of Agriculture Produce Marketing Committee and trade sources. There was negligible change in the edible oil pattern of trading in the Vidarbha region of Western Maharashtra today as prices hovered around last levels in absence of any worthwhile moving factors. Restricted arrivals against sporadic demand mainly kept major oil prices unaltered. No trader was in mood for any commitment because of government decision to slash oil import duty and adopted wait and watch move, according to sources. Gram prices shot up in Nagpur Agriculture Produce Marketing Committee (APMC) on good seasonal demand from local millers amid weak supply from producing regions. Healthy rise in Madhya Pradesh pulses and reported demand from South-based millers also boosted prices. About 100 bags of gram reported for auctions in Nagpur APMC, according to sources. Malaysian palm oil futures closed slightly down on Monday as a stronger ringgit weighed on the last trading day of 2018, charting a second consecutive year of declines as high inventories and weak demand pushed down prices. POI/ U.S. wheat futures fell more than 1 percent on Monday in thin, technically driven trade, brokers said, but still posted a yearly gain of nearly 18 percent. GRA/ U.S. oil began 2019 in positive territory on Wednesday, although the general outlook for the year is weak amid soaring U.S. crude supply and concerns of an economic slowdown. O/R Asian shares crept cautiously higher on the first trading day of the new year as early gains in U.S. stock futures spoke of some improvement in risk appetite. MKTS/GLOB
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Special Report 02 –JAN-2019
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
69.6550 Yen
63.7
Euro
80.1875 GBP
89.2775
USD/INR TRADING STRATEGY: USD/INR BUY USDINR NOV ABOVE 70 TGT 70.10 70.20 SL 69.8 SELL USDINR NOV BELOW 69.6 TGT 69.5 69.4 SL 69.8
In a new year gift to the MSME sector, the Reserve Bank Tuesday allowed a one-time restructuring of existing debt up to Rs 25 crore for the companies which have defaulted on payment but the loans given to them have continued to be classified as standard assets. The decision will help the micro, small and medium enterprises (MSMEs) which are facing cash crunch in the wake of demonetisation and GST implementation. The RBI's board in its crucial meeting held on November 19, 2018 had advised the central bank examine a scheme for restructuring of stressed standard assets of MSME borrowers with aggregate credit facilities of up to Rs 25 crore, subject to such conditions as are necessary for ensuring financial stability.
GBP/INR TRADING STRATEGY: BUY GBPINR NOV ABOVE 90 TGT 90.1 90.2 SL 89.8 SELL GBPINR NOV BELOW 89.5 TGT 89.4 89.3 SL 89.7
To facilitate meaningful restructuring of MSME accounts that have become stressed, the RBI has decided to permit a one-time restructuring of existing loans to MSMEs that are in default but 'standard' as on January 1, 2019, without an asset classification downgrade, the central bank said in a statement. To be eligible for the scheme, the aggregate exposure, including non-fund based facilities of banks and NBFCs, to a borrower should not exceed Rs 25 crore as on January 1, 2019, and the without an asset classification downgrade, the central bank said in a statement. To be eligible for the scheme, the aggregate exposure, including non-fund based facilities of banks and NBFCs, to a borrower should not exceed Rs 25 crore as on January 1, 2019, and the restructuring has to be implemented by March 31, 2020. Restructuring package for MSME was one of the sore points of the tussle between the RBI and the government. There was a detailed presentation by Financial Services Secretary Rajiv Kumar on the cash crunch being faced by the MSME sector at the crucial November 19 board meeting. The government had suggested several steps to help the sector which contributes 50 per cent to the manufacturing sector.
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Special Report 02 –JAN-2019
Date
Commodity/ Currency Pairs
01/1/19
NCDEX DHANIYA
JAN
BUY
6210
01/1/19
NCDEX DHANIYA
JAN
Sell
01/1/19
NCDEX GUARGUM5
JAN
01/1/19
NCDEX GUARGUM5
01/1/19
Contract Strategy
Entry Level
Stop Loss
Remark
6225/6240/62 70
6160
NOT EXECUTED
6170
6155/6140/61 10
6230
NOT EXECUTED
BUY
8390
8405/8420/8/ 450
8330
TARGET HIT
JAN
SELL
8320
8305/8280/82 60
8380
NOT EXECUTED
MCX GOLD
JAN
BUY
31650
31700/31750
31550
SL HIT
01/1/19
MCX GOLD
JAN
SELL
31450
31400/31320
31530
SL HIT
01/1/19
MCX SILVER
MAR
BUY
38900
38950/39000
38750
NOT EXECUTED
01/1/19
MCX SILVER
MAR
SELL
38500
38450/38400
38600
NOT EXECUTED
Entry Level
Target
Stop Loss
Remark
Target
Date
Scrip
CASH/ FUTURE/ Strategy OPTION
01/1/19
NIFTY
FUTURE
SELL
10940
10900/10850/ 10820
11000
OPEN
01/1/19
JUBILANT FOOD
FUTURE
BUY
1250
1260/1270
1230
TARGET HIT
01/1/19
BEML
FUTURE
BUY
910
915/920
900
TARGET HIT
01/1/19
JUBILANT FOOD
CASH
BUY
1250
1260/1270
1230
TARGET HIT
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O
Special Report 02 –JAN-2019
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS TIME (ET)
REPORT
PERIOD
ACTUAL
MEDIAN FORECAST
PREVIOU
A GOVERNMENT SHUTDOWN COULD DELAY THE RELEASE OF SEVERAL INDICATORS THIS WEEK. MONDAY, DEC. 24
8:30 am
Chicago Fed national activity index
Nov.
0.22
--
0.00
Case-Shiller home prices
Oct.
5.5%
--
5.5%
8:30 am
Weekly jobless claims
12/22
217,000
214,000
10 am
Consumer confidence index
Dec.
133.3
135.7
10 am
New home sales*
Nov.
563,000
544,000
-$76.1 bln
-$77.0bln
TUESDAY, DEC. 25
None scheduled Christmas Day WEDNESDAY, DEC. 26
9 am THURSDAY, DEC. 27
FRIDAY, DEC. 28
9:45 am
Markit manufacturing index flash
9:45 8:30 am am
Markit services index flash
Nov.
--
55.7
Nov. Advance trade in goods*
-Nov.
54.8
9:45 am
Chicago PMI
Dec.
--
66.4
10 am
Pending home sales
Nov.
--
-2.6%
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