Special Report
20-Aug-2018
Global markets at a glance The Dow Jones Industrial Average rose 110.59 points, or 0.43 percent, to 25,669.32, the S&P 500 gained 9.44 points, or 0.33 percent, to 2,850.13 and the Nasdaq Composite added 9.81 points, or 0.13 percent, to 7,816.33. US stocks closed higher on Friday, with the S&P 500 and the Dow Jones Industrial Average extending gains and the Nasdaq turning positive on reports of progress in tariff disputes between the United States and its trading partners China and Mexico. Chinese and US negotiators are planning talks to resolve their trade row ahead of meetings in November, the Wall Street Journal reported on Friday. Additionally, Mexico’s economy minister, Ildefonso Guajardo, said he hopes to wrap up outstanding bilateral issues on the North American Free Trade Agreement (NAFTA) by the middle of next week. “The threat of a trade war threatens economic activity,” said Stephen Massocca, senior vice president at Wedbush Securities in San Francisco. “The fact that the administration might resolve (trade disputes) sooner rather than later, without a sustained time frame of slower economic actively due to tariffs, that bodes well for the market.”Asian share markets crept cautiously higher on Monday as investors awaited developments on proposed Sino-US trade talks and the Chinese yuan rallied away from dangerous lows. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.4 percent, while Shanghai blue chips firmed 0.2 percent. The Nifty50 after opening sharply higher above psychological 11,400-mark extended rally to move near its intraday record high and finally ended at record closing high on Friday, driven by broadbased buying. The index formed bullish candle on the daily candlestick charts as well as weekly scale. It closed half a percent higher for the truncated week.The broader markets also participated in the rally today with the Nifty Midcap index rising over a percent while all sectoral indices ended in the green with Nifty Bank, FMCG, Metal and Pharma rising 1-2 percent. The Nifty50 started off session above 11,400 levels at 11,437.15 and rallied further during the day to touch an intraday high of 11,486.45 but failed to reclaim its intraday record high of 11,495.20 seen on August 9. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[16.05pts], Consumption[25.50pts],PSE[-0.10pts],CPSE[+1.43pts],Energy [168.55pts],FMCG[245.50pts],Auto[+104.36pts],Pharma [+185.81pts],IT[+76.30pts],Metal[+216.43pts],Realty [+14.98 pts], Fin Serv sector[+52.06pts].
World Indices Index
Value
% Change
DJI
25,669.32
+0.43
S&P500
2,850.13
+0.33
NASDAQ
7,816.33
+9.81
FTSE100
7,558.59
+2.21
22,210.22 27,463.00
-0.27 +0.92
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
1,045.85
46.4
4.64
393.2
14.75
3.9
881.25
31.5
3.71
SBI
302.1
9.4
3.21
Vedanta
215.2
6.4
3.07
CMP
Change
% Chg
387.70 3242.3 28476.15 163.05
-6.1 -40.35 -327.7 -1.4
-1.55 -1.23 -1.14 -0.85
9152.1
-48.45
-0.53
Grasim Yes Bank Lupin
Top Losers Company GAIL Hero Motocorp Eicher Motors ONGC Maruti Suzuki
Stocks at 52 Week’s HIGH Symbol 3MINDIA
Prev. Close
Change
%Chg
25336.8
-136.8
-0.54
39.2
1.55
3.95
619.35
12.65
2.04
1708.25
181.75
10.64
26.05
1.3
4.99
ALMONDZ APCOTEXIND ASTRAZEN BALAXI
Stocks at 52 Week’s LOW Symbol
Prev. Close
Change
%Chg
16.65
0
0
AMTEKAUTO
6.9
0.05
0.72
ANTGRAPHIC
0.5
0
0
BLUEBLENDS
6.65
0.15
2.26
105.3
0.2
0.19
ABMINTLTD
BYKE
Indian Indices Company
CMP
Change
% Chg
NIFTY
11470.75
+85.70
+0.75
SENSEX
37947.88
+284.32
+0.75
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Special Report
20-Aug-2018
RECOMMENDATIONS [FUTURE] 1.TORNTPHARM [FUTURE ] Stock was consolidating from past four trading sessions and it outperformed well with good volumes and closed near to days high. It is also trading near to 52 week high. It should continue trend for next week. We recommend to buy from current level for the target of 1780 with the stop loss of 1744.
2.GRANULES [FUTURE] After a short consolidation stock outperformed well with above the average volumes on daily chart. The RSI also moving up side on daily chart and it gave closing above the 200 SMA & EMA on daily chart. We recommend to buy from current level for the target of 115 with the stop loss of 108.
STOCK RECOMMENDATION [CASH] CADILAH - [CASH] Stock has shown good strength from the bottom of the chart with good volumes. It took support of trend line on daily chart. The RSI has also shown reversal on daily chart. We recommend to buy from current level for the target of 370 with the stop loss of 351.
MACRO NEW Bank Nifty futures open interest data depicts the cycle of Long- Long unwinding. Considering truncated week, faster theta decay is certain. Thus to take combat the fast perishing time value, Ratio Call Spread is recommended, says Shubham Agarwal of Quantsapp Private Limited. While both the exchanges will together suspend Gitanjali Gems, Amtek Auto, Easun Reyrolle and Panoramic Universal, the BSE will suspend Thambbi Modern Spinning Mills, Indo Pacific Projects, Haryana Financial Corporation, Noble Polymers and Samruddhi Realty as well. Infosys today announced that Chief Financial Officer M D Ranganath has stepped down to pursue professional opportunities in new areas”.His resignation was accepted by the Infosys Board on Saturday.Ranganath will remain CFO until November 16. Jet Airways will operate additional domestic and international flights to Thiruvananthapuram from Bengaluru, Mumbai, Dammam and Dubai from Sunday, August 19, in light of the floods in Kerala that have killed hundreds. All operations from Cochin International Airport have been suspended till Sunday, August 26, due to floods in the city.
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Special Report
20-Aug-2018
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Op- Strike tion Price Type
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
CE
11,600
38
1,18,080
35,93,925
BANKNIFTY
CE
28,000 251.05
97,623
3,83,600
NIFTY
CE
11,400 142.5
91,525
28,36,500
BANKNIFTY
CE
28,600
21.1
79,710
2,78,760
SUNPHARMA
CE
640
8
8,006
22,23,100
TATASTEEL
CE
600
7.65
7,079
21,26,244
YESBANK
CE
400
7.4
6,364
32,93,500
TATAMOTOR
CE
260
5.85
6,024
43,99,500
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST Symbol
Op- Strike tion Price Type
LTP
Traded Volume (Contracts)
Navin Fluorine's Managing Director Shekhar Khanolkar resigned
NIFTY FUTURE
Open Interest Nifty finished at all time highs but in previous week it
PE
27800
44
1,58,395
4,87,200
BANKNIFTY
PE
27900
66.3
1,42,996
4,32,120
BANKNIFTY
PE
27700
33.1
1,21,871
3,76,440
NIFTY
PE
11300
37.5
1,12,559
41,74,200
RELIANCE
PE
1200
18
4584
14,30,000
TATASTEEL
PE
560
5.8
4247
12,70,017
RELIANCE
PE
1180 10.55
4077
14,60,000
ICICIBANK
PE
3989
58,19,000
4.25
Larsen & Toubro: Company will consider the proposal of buyback of equity shares on August 23
2,83,500
BANKNIFTY
330
dint cross all time high of 11495, according to spot market chart Nifty moving in rising channel line pattern which followed in last week where Nifty traded near pattern support level here down side support is at 11400, if Nifty break this level on closing basis then we can see two per cent fall, while on future market chart it is moving in rising wedge pattern and RSI also has double top pattern where below 11274 it will divergence on RSI so be cautious at this points, here Nifty can be buy around 11400-11380 with strict stop loss of 11200 for the target of 11550 11700 12000.
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
20467
1874.43
27766
2569.85
346671
30356.38
-695.4195
INDEX OPTIONS
552645
54925.69
533042
53011.42
772124
69030.26
1914.2644
STOCK FUTURES
158364
10898.93
146301
10043.50
1162435
87279.64
855.434
STOCK OPTIONS
111148
8344.02
114361
8556.46
142548
10938.40
-212.4435 1861.8354
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
11403.66
11387.33
11455.00
11471.66
11523.33
BANKNIFTY
28331.67
28250.34
28127.67
28046.34
27923.67
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Special Report
20-Aug-2018
RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD ABOVE 29400 TGT 29470 29570 SL BELOW 29330 SELL GOLD BELOW 29330 TGT 29260 29160 SL ABOVE 29400
SILVER TRADING STRATEGY: BUY SILVER ABOVE 36900 TGT 37100 37400 SL BELOW 36700 SELL SILVER BELOW 36700 TGT 36500 36300 SL ABOVE 36900
COMMODITY ROUNDUP Gold prices fell by Rs 90 to Rs 30,250 per 10 grams at the bullion market today owing to tepid demand from local jewellers even as the precious metal strengthened overseas. However, silver held steady at Rs 38,000 per kg on scattered enquiries from industrial units and coin makers. Marketmen attributed the slide in gold prices to easing demand from local jewellers and retailers in the domestic spot market but a firm trend overseas capped the fall. Globally, gold rose by 0.93 percent to $1,184.60 ounce and silver climbed 0.99 percent to $14.77 an ounce in New York in yesterday's trade. In the national capital, gold of 99.9 percent and 99.5 percent purity declined by Rs 90 each to Rs 30,250 and Rs 30,100 per 10 grams, respectively. Sovereign also traded lower by Rs 100 to Rs 24,400 per piece of 8 grams. On the other hand, silver ready ruled flat at Rs 38,000 per kg, while weekly-based delivery recovered by Rs 235 to Rs 36,940 per kg on speculative buying. Silver coins, however, held steady at Rs 72,000 for buying and Rs 73,000 for selling of 100 pieces. Natural Gas prices made a higher high for the week and traded higher than last week closing of Rs 203.2. In general, the market looks as if it is getting a bit heavy, but there is no hurry to go in either direction right now. The US Energy Information Administration (EIA) reported Thursday morning that the US natural gas stockpiles increased by 33 billion cubic feet for the week ending August 10. In its August revision to the Short-Term Energy Outlook, the EIA estimated that dry gas production rose by 8.4 billion cubic feet per day to 81.8 billion cubic feet in July despite record-high demand and relatively low inventory levels. Daily production is forecast to rise to 84.3 billion cubic feet by the end of next year.Total US stockpiles rose week over week to 22.3 percent below last year’s level and are now 20 percent below the five-year average. The EIA reported that the US working stocks of natural gas totalled about 2.387 trillion cubic feet at the end of last week, around 595 billion below the five-year average of 2.982 trillion cubic feet and 687 billion below last year’s total for the same period. Working gas in storage totalled 3.074 trillion cubic feet for the same period a year ago. Bearish risks are record high production, falling Cooling degree-days (CDD)/ Total degree -days (TDD) and mild winter outlook. Rising nuclear outages and global LNG fundamentals are the two bullish factors as of now.
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Special Report
20-Aug-2018
RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM OCT ABOVE 9985 TARGET10030 10080 SL 9935 SELL GUARGUM OCT BELOW 9825 TARGET 9775 9725 SL 9875
NCDEX INDICES Index
Value
% Change
Barley Castor Seed Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT
1651 4609 4290 4830 1730.5 4582
-0.18 -0.73 -1.13 -0.47 -0.63 -0.91
Jeera
19495
1.33
4168 3370 6966
0.97 0.63 0.09
Mustardseed Soy Bean Turmeric
DHANIYA TRADING STRATEGY: BUY CORIANDER SEP ABOVE 4985 TARGET 5030 5080 SL 4935 SELL CORIANDER SEP BELOW 4815 TARGET 4755 4705 SL 4965
Global soyabean production is on the upswing, pressuring prices. What is coming as an additional headwind is the ongoing trade slugfest between the US and China. According to USDA latest crop production estimates -- released last week -- global soybean production for crop year 2018-19 will reach 3,671 lakh tonnes against the earlier estimate of 3,594 lakh tonnes. While the US is seen to account for 1,248 lakh tonnes against the previous estimate of 1,172 lakh tonnes, Brazil’s ..output is projected at 1,205 lakh tonnes against Argentina’s 570 lakh tonnes. Even on the domestic front, this year could be a bumper one for soyabean production as sowing crossed 11 million hectares. US end stock is expected to stay higher on lower export to China because of the ongoing trade issues involving China. The prices are visibly under pressure. Soybean futures contracts at CBOT plunged more than 5 per cent below 900 cent per bushel. Looking at fundamentals and the record global output, further weakness in the soybean prices cannot be ruled out. The dollar is getting stronger among its peers, a negative for global commodity prices. National Commodity and Derivatives Exchange (NCDEX) has successfully settled its first options contract in guar seed after trading over 52,000 tonnes, according to a release issued by the exchange on Monday. Finance Minister Arun Jaitley had announced the commencement of agri options contract in guar seed on January 14. On the launch day, the quantity traded was 8,010 tonnes. The first set of call and put options expired on February 28, 2018 with 1,130 tonnes being exercised by holders of the options. The open interest in the February expiry options increased from the first day’s 4,290 tonnes to touch a peak of 8710 metric tonnes on February 23, 2018.The average daily EOD Open Interest was 6610 MT. On the completion of the first settlement of agri commodity options, a NCDEX spokesperson said, “It is heartening to observe that such a large number of members actively participated in the first ever expiry options of an agri commodity. With increasing participation in the exchange, we are sure the subsequent options expiring on 28 March 2018 and 25 April 2018 will also be successful.”
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Special Report
20-Aug-2018
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
70.2287 Yen
63.35
Euro
79.9718 GBP
89.3670
USD/INR TRADING STRATEGY: BUY USDINR ABOVE 70.35 TGT 70.55/70.75 SL BELOW 70.20
SELL USDINR BELOW 70.15 TGT 70/69.80 SL ABOVE 70.32
GBP/INR TRADING STRATEGY: BUY GBPINR ABOVE 89.50 TGT 89.70/89.90 SL BELOW 89.35 SELL GBPINR BELOW 89.30 TGT 89.10/88.90 SL ABOVE 89.48
A parliamentary committee looking into the issue of mounting non-performing assets (NPAs) has asked former RBI Governor Raghuram Rajan to appear before it and brief on the matter. Rajan was invited after former Chief Economic Advisor (CEA) Arvind Subramanian praised him before the Parliament's Committee on Estimates, headed by veteran BJP leader Murali Manohar Joshi, for identifying the NPA crisis and trying to resolve it. Joshi has written a letter to Rajan asking to appear before the panel and brief the members on the issue of mounting NPAs, a source said. Rajan, who was RBI governor for three years till September 2016, is currently the Katherine Dusak Miller Distinguished Service Professor of Finance at Chicago Booth School of Business. The letter has been written to Rajan after Subramanian credited him for identifying the problem, the source said. Subramanian appeared before the panel last month as CEA and briefed it on the bad loans issue. During his submission, he expressed scepticism over the handling of the NPAs and indicated that big-ticket loans by public sector banks were influenced. Indian currency and debt markets are closed on Friday for a local holiday and trading would resume on Monday, but the local stock markets will be functioning as normal.On Thursday, the benchmark 10year bond yield ended at 7.86 percent, up 4 basis points from its Tuesday's close.All financial markets including stocks were closed on Wednesday for Independence Day celebrations.The partially convertible rupee INR=D2 closed Thursday at 70.15/16 per dollar versus its previous close of 69.90/91. It hit a record low of 70.40 during the session. At press time, the USD/INR is trading at 70.20, having clocked a record high of 70.32 earlier today. The Indian currency fell past 70 per US dollar earlier this week, courtesy of the broad-based sell-off in the Asian currencies. The INR's pain has been accentuated by worsening economic data. India’s trade deficit widened to a more-thanfive-year high of $18.02 billion in July, the trade ministry said on Tuesday, according to a Reuters report. The Indian rupee dropped to a record low in opening deals on Thursday with investor sentiment affected by a widening trade deficit on the domestic front and the broad rise in the U.S. dollar versus other Asian peers.
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Special Report
20-Aug-2018
Date
Commodity/ Currency Pairs
17/08/18
NCDEX DHANIYA
SEP
BUY
17/08/18
NCDEX DHANIYA
SEP
SELL
17/08/18
NCDEX GUARGUM5
OCT
BUY
17/08/18
NCDEX GUARGUM5
OCT
SELL
17/08/18
MCX GOLD
OCT
BUY
17/08/18
MCX GOLD
OCT
17/08/18
MCX SILVER
17/08/18
Contract Strategy
Entry Level
Target
Stop Loss
Remark
4980-5030
4880
OPEN
4820-4770
4920
NOT EXECUTED
9800
9850-9900
9750
TARGET HIT
9730
9680-9630
9780
TARGET HIT
29600
29700-29900
29500
NOT EXECUTED
SELL
29350
29250-29150
29450
SL TRIGGERED
SEP
BUY
37400
37600-37900
37200
NOT EXECUTED
MCX SILVER
SEP
SELL
36700
36500-36300
36900
NOT EXECUTED
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
Entry Level
Target
Stop Loss
Remark
17/08/18
NIFTY
FUTURE
SELL
11440-20
11350-300
11480
NOT EXECUTED
17/08/18
SUNPHARMA
FUTURE
BUY
612-615
625-635
605
NOT EXECUTED
17/08/18
DLF
FUTURE
BUY
206.90-208
212-216
203
NOT EXECUTED
17/08/18
NBCC
CASH
BUY
74.50-75
76.50-78.50
73.25
COST EXIT
4930
4870
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Special Report
20-Aug-2018
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS TIME (ET)
REPORT
PERIOD
ACTUAL
FORECAST
PREVIOUS
WEDNESDAY, AUG. 22
WEDNESDAY, AUG. 22
MONDAY, AUG. 20 None scheduled TUESDAY, AUG. 21 None scheduled WEDNESDAY, AUG. 22
WEDNESWEDNESDAY, AUG. DAY, AUG. 22 22
WEDNESDAY, AUG. 22
WEDNESDAY, AUG. 22
2 pm
FOMC minutes
7/31-8/1
THURSDAY, AUG. 23 9:45 am
Markit manufacturing PMI (flash)
Aug.
--
55.3
9:45 am
Markit services PMI (flash)
Aug.
--
56.0
10 am
New home sales
July
641,000
631,000
--
0.7%
FRIDAY, AUG. 24 8:30 am
Core capital goods orders
10 am
Jerome Powell speaks
July Disclaimer
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