Special Report 21-Nov-2018
Global markets at a glance US stocks sold off for a second day on Tuesday as energy shares dropped with oil prices, and retailers including Target and Kohl’s sank after weak earnings and forecasts, fueling worries about economic growth.The Nasdaq closed at its lowest level in more than seven months while the S&P 500 and Dow ended at their lowest since late October. The Dow Jones Industrial Average fell 551.8 points, or 2.21 percent, to 24,465.64, the S&P 500 lost 48.84 points, or 1.82 percent, to 2,641.89 and the Nasdaq Composite dropped 119.65 points, or 1.7 percent, to 6,908.82Asian stocks fell on Wednesday, weighed by a renewed bout of selling on Wall Street, and crude oil struggled after a sharp slide as economic growth concerns gripped global markets. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.55 percent. Australian stocks lost 1 percent and Japan's Nikkei fell 1.3 percent. After the strong upswing in April-June quarter, GDP growth for July-September is expected to dip to 7.2 percent due to sluggishness in agriculture and industry, a report said.It can be noted that the GDP had grown by a higher than expected 8.2 percent in the first quarter of the fiscal as compared to the yearago period. Official data on quarterly growth will be released at the end of this month PREVIOUS DAY ROUNDOFF Indian equity markets ended their three-day winning streak with the Nifty closing 107 points lower at 10,656. Bank Nifty also dipped 187 points to 26,113.IT and metal stocks dragged the indices lower, with Nifty Metal being the worst -performing sectoral index and closing 2.83% lower. Tracking the derivative data points, Nifty Futures and Bank Nifty Futures witnessed a surge in open interest to the tune of ~1.53% and 2.98%, respectively, consisting of mainly short positions.On the options front, heavy call writing was witnessed in out-of-the-money strikes with Nifty 10800CE adding ~10.04 lakh shares and acting as the immediate resistance level for the index. The highest open interest has also shifted from 11000CE to 10800CE. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[-1.73pts], Consumption[-0.70pts],PSE[-0.78pts],CPSE[-1.40pts],Energy [-0.92pts],FMCG[-0.82pts],Auto[-0.80pts],Pharma[1.92pts],IT[-2.16pts],Metal[-2.83pts],Realty[+0.04 pts], Fin Serv sector[-0.77pts].
World Indices Index
Value
% Change
DJI
24527
+0.37
S&P500
2641.89
-1.82
NASDAQ
6908.82
-1.73
FTSE100
6947.92
-0.76
21821.16 26372
+140.82 +188.47
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
343.95
9.25
2.76
1,558.85
20.9
1.36
355
4.45
1.27
Zee Entertain
448.65
1.85
0.41
Bajaj Finance
2,369.95
9
0.38
CMP
Change
% Chg
192.35 220.95 707 2,438.70 322.4
-12.45 -13.5 -26.8 -89.9 -10.45
-6.08 -5.76 -3.65 -3.56 -3.14
GAIL IndusInd Bank Adani Ports
Top Losers Company
Yes Bank Hindalco Indiabulls Hsg Dr Reddys Labs Wipro
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
AARTIIND
1436.15
17.85
1.24
ATUL
3541.95
-11.9
-0.34
0.9
-0.05
-5.56
1558.7
6.3
0.4
27.3
1.35
4.95
BLUECHIP DIVISLAB ELECTROSL
Stocks at 52 Week’s LOW Symbol
Prev. Close
Change
%Chg
ABGSHIP
2.85
0
0
ACCELYA
946.2
-1.15
-0.12
ADHUNIK AGRITECH AIFL
2.7 51.75 47.85
0.1 0.1 -2.35
3.7 0.19 -4.91
Indian Indices Company
CMP
Change
% Chg
NIFTY
10656.20
-107.20
-1.00
SENSEX
35474.51
-300.37
-0.84
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Special Report 21-Nov-2018
RECOMMENDATIONS [FUTURE] 1. Just Dial FUTURE ] On daily chart we have seen that stock is forming bullish candle. In last trading session a large bullish candle form with strong volume . After analysis of derivative data its indicate that traders view is to Buy the stock . Our recommendation is also the stock future from 510 Target 515/520 Sl 500 .
2. Adani PORTS[FUTURE] On daily chart we have seen that stock is traded near its resistance level . Profit bboking we have seen in last trading session . After analysis of derivative data its indicate that traders view is to long the stock . Our recommendation is also Buy the stock in the range of 358 target 362/365 Sl 352
STOCK RECOMMENDATION [CASH] Just Dial [CASH] On daily chart we have seen that stock is forming bullish candle. In last trading session a large bullish candle form with strong volume . After analysis of derivative data its indicate that traders view is to Buy the stock . Our recommendation is also the stock future from 512 Target 515/520 Sl 500 .
MACRO NEWS
The Finance Ministry is confident of achieving the disinvestment target of Rs 80,000 crore set for the current fiscal, a Finance Ministry source told Moneycontrol.With the ongoing volatile equity markets, economy watchers feel the government may miss the target by a large margin unless some alternative steps are pursued in right earnest. Any shortfall in disinvestment target would only further worsen the fiscal deficit situation, weakening investor confidence.Amid the ongoing liquidity crisis marring the country's financial sector, Indiabulls Housing Finance has informed it has raised Rs 23,615 crore from 32 for institutions over the last two months."Of the total of Rs 23,615 crore raised, Rs 17,410 crore is in the nature of long term debt. The above mentioned fund raising is in line with the company's objectives of maintaining high liquidity and sustainable growth," Indiabulls Housing Finance informed the stock exchanges. US West Texas Intermediate (WTI) crude futures ended the session down $3.77, or 6.6 percent, at $53.43 per barrel. The contract fell as much as 7.7 percent during the session to touch $5 October 2017.
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Special Report 21-Nov-2018
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
BANKNIFTY
CE
26,500 28.95
6,35,847
BANKNIFTY
CE
26,400 46.05
4,91,649
BANKNIFTY
CE
26,300
73
4,19,202
RELIANCE
CE
1,160
9.9
10,917
YESBANK
CE
200
6
8,561
RELIANCE
CE
1,140
17.6
8,051
RELIANCE
CE
1,180
5.35
7,585
MARUTI
CE
7,500 65.35
MARUTIACTIVE PUT CE OPTION 9,000 111.5 MOST LTP
Open Interest
HDFC Bank: The bank acquired 4 percent equity stake in Clearing Corporation of India from Bank of Baroda for Rs 124 crore. It is proposed to increase the stake in CCIL 11,06,280 from the current 5 percent to 9 percent from an investment perspective 6,04,620 5,90,700 NBCC: Company has submitted the Expression of Interest (EoI) for submitting Resolution Plan for Jaypee Infratech 19,99,500 (JIL) and the company has been provisionally shortlisted 58,71,250 by Resolution Professional of JIL as Prospective 13,76,000 Resolution Applicant.
12,74,500 NIFTY FUTURE 7,410 2,39,550 Nifty 50 on Tuesday Strong Selling pressure in market . 5,823 2,83,500 Nifty approch towards 10650 major support level near Traded Open 10600 in intra day . Strong in value of rupee is in Volume Interest favaour of indian market . Our recommendation is to Buy (Contracts) the nifty future in range of 10600-10620. Target 6,43,791 7,73,140 10650/10680/10700 SL 10540
Symbol
Optio Strike n Price Type
BANKNIFTY
PE
26,000 99.85
BANKNIFTY
PE
25,800
44
4,43,023
5,18,480
BANKNIFTY
PE
25,900
66.8
3,83,320
5,08,700
RELIANCE
PE
1,120 11.15
7,290
5,97,500
RELIANCE
PE
1,140
19.6
7,286
5,51,500
YESBANK
PE
190
7.8
6,245
23,92,250
RELIANCE
PE
1,100
6.15
5,414
8,37,000
YESBANK
PE
180
4.5
4,657
29,69,750
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
44419
3041.42
41533
2870.91
452270
34458.35
170.5035
INDEX OPTIONS
1324056
78639.13
1331793
79377.16
1072664
78088.36
-738.0243
STOCK FUTURES
211053
11852.08
221756
12425.33
1430757
83268.03
-573.2402
STOCK OPTIONS
142664
8232.19
146296
8467.89
171496
10221.93
-235.6995 -1376.4605
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
10779.27
10717.23
10679.27
10617.73
10579.29
BANKNIFTY
26355.77
26234.53
26138.17
26016.93
25920.57
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Special Report 21-Nov-2018
RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD ABOVE 30800 TGT 30850 30900 SL BELOW 30750 SELL GOLD BELOW 30750 TGT 30700 30650 SL ABOVE 30850
SILVER TRADING STRATEGY: BUY SILVER ABOVE 36600TGT 36750 36800 SL BELOW 36400 SELL SILVER BELOW 36550 TGT 36500 36420 SL ABOVE 36670
COMMODITY ROUNDUP Nagpur Soybean, Soyoil, Soymeal Open-November 16, 2018 Nagpur, Nov 16 (Reuters) – The rising trend in Castor oil prices in non-edible section remained unabated for the fourth straight day today in Vidarbha region of Central Maharashtra as prices rise further on increased buying by oil paint industries for the ongoing festival season, amid a firm trend in producing belts. Trading activity in other edible oils reported weak as traders because of good recovery in international edible oils, sources said Tuesday Gold prices rose on Friday, having hit a one-week high earlier in the session, as investors sought safe-haven assets amid fears of a chaotic departure for Britain from the European Union.UK Prime Minister Theresa May's draft Brexit plan ran into dispute after the resignation of key ministers from her government and eurosceptic lawmakers stepped up efforts to topple her, provoking fears the country could crash out of the EU without a divorce deal. issues around Brexit have invigorated a little bit of safehaven buying in the market ... The focus of the market has turned slightly to geopolitical issues at the moment," said ANZ analyst Daniel Hynes.Spot gold XAU= was up 0.2 percent at $1,214.93 per ounce, as of 0720 GMT. Earlier in the session, the bullion hit $1,216.79, its highest since Nov. 9.Prices are expected to end the week higher after declining nearly 2 percent last week.U.S. gold futures GCcv1 were flat at $1,215.3 per ounce.
"Gold should continue to find demand on dips, provided the U.S. dollar remains in check," Stephen Innes, APAC trading head at OANDA in Singapore said in a note.The dollar index .DXY , which measures the greenback against a basket of six major currencies, was at 96.91, not far from a 16month high of 97.69 hit at the start of the week. USD/ Investors also kept an eye on the U.S.-China trade tensions as they looked for concrete signs the economic powers were seeking to de-escalate their dispute. may continue to struggle for direction in the near term as conflicting messages out of the White House cast doubt on prospects for de-escalation in the U.S. trade war with China even as markets continue to worry about UK politics," said Ilya Spivak, a currency strategist for DailyFX.
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Special Report 21-Nov-2018
RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM DEC ABOVE 9420 TARGET 9460/9500 SL 9360 SELL GUARGUM ABOVE DEC 9400TARGET 9370/9345/9320 SL 9510
NCDEX INDICES Index
Value
% Change
Barley Castor Seed Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT
1943 5780 4430 6525 1990 4492
-0.41 -1.9 3.84 0.49 -2.99 -0.16
19340
2.9
4054 3391 6458
-2.94 -0.32 0.19
Jeera Mustardseed Soy Bean Turmeric
DHANIYA TRADING STRATEGY: BUY DHANIYA DEC ABOVE 6580 TARGET 6610/6640/6610 SL 6450 SELL DHANIYA DEC ABOVE 6530 TARGET 6480/6450 SL 6610
The yield on the benchmark 10-year government security will trade in a relatively wide range of 7.6-8 per cent till December, a report said Thursday. The benchmark g-sec is trading at between 7.7-7.75 per cent at present, domestic rating agency Icra said. It said the yield will be influenced by various factors including crude oil prices, the evolving balance of various fiscal risks, likelihood of revision in governments market borrowing in Q4, magnitude of open market operatiion In the report, the agency said price of the Indian crude oil basket is likely to remain considerably lower in the immediate term than the average of USD 80 per barrel in October 2018. It attributed this expectation to factors like exemptions from US sanctions on Iran for India and seven other jurisdictions. However, factors like supplydemand balances, the evolving scenario related to geopolitical developments, and the extent of concerns regarding the impact of trade wars on on global growth would impart volatility to crude prices . Oil ended slightly firmer after volatile trading on Friday, supported by expectations that the Organization of the Petroleum Exporting Countries would agree to cut output next month, though prices fell for the sixth straight week amid global oversupply concerns. OPEC kingpin Saudi Arabia is keen for the major producers to cut output by about 1.4 million barrels per day, around 1.5 percent of global supply, to support the market, sources told Reuters this week. But other producers, including Russia, have been reluctant to agree to a cut. LCOc1 settled up 14 cents, or 0.2 percent, at $66.76 a barrel. The global benchmark fell 4.6 percent in the week, the sixth consecutive decline.
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Special Report 21-Nov-2018
RBI Reference Rate Currency
Rate Currency
Rupee- $
71.97 Yen
63.5357
81.7975 GBP
92.2258
Euro USD/INR TRADING STRATEGY: USD/INR
BUY USDINR NOV ABOVE 72 TGT 72.15 72.25 SL 71.8 SELL USDINR NOV BELOW 71.9 TGT 71.7 71.55 SL 72.20
GBP/INR TRADING STRATEGY: BUY GBPINR NOV ABOVE 92.25 TGT 92.35 92.40 SL 92 SELL GBPINR NOV BELOW 92 TGT 91.9 91.8 SL 92.25
Rate
Indian rupee recovered from the day's low and trading higher by 27 paise at 71.65 per dollar against Friday's close of 71.92.It touched a intraday low of 72.08 after a flat opening.The dollar-rupee November contract on the NSE was at 71.99 in the previous session. November contract open interest declined 5.66% in the previous session, said ICICIdirect.We expect the USD-INR to find supports at lower levels. Utilise downsides in the pair to initiate long positions, it added. 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 . EURUSD appreciated by 1.1 percent last week while EURINR appreciated by 0.36 percent during the same time frame. GDP data from Germany came in at - 0.2 percent against market expectations of - 0.1 percent. Meanwhile, 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 face the EU Commission's sanctions creating more rifts between the two parties.
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Special Report 21-Nov-2018
Date
Commodity/ Currency Pairs
20/11/18
NCDEX DHANIYA
DEC
BUY
6580
20/11/18
NCDEX DHANIYA
DEC
Sell
20/11/18
NCDEX GUARGUM5
DEC
20/11/18
NCDEX GUARGUM5
20/11/18
Contract Strategy
Entry Level
Stop Loss
Remark
6610/6640
6450
TARGET HIT
6550
6400/6380
6700
OPEN
BUY
9420
9460/9500
9360
NOT EXECUTED
DEC
SELL
9400
9370/9345/93 20
9510
NOT EXECUTED
MCX GOLD
DEC
BUY
30700
30750/30800
30500
NOT EXECUTED
20/11/18
MCX GOLD
DEC
SELL
30900
30800/30750
31100
Open
20/11/18
MCX SILVER
DEC
BUY
36900
37150/37200
36700
Open
20/11/18
MCX SILVER
DEC
SELL
36900
36800/36700
37180
Open
Entry Level
Target
Stop Loss
Remark
Target
Date
Scrip
CASH/ FUTURE/ Strategy OPTION
20/11/18
NIFTY
FUTURE
BUY
10570-10580
10620/10650
10540
NOT EXECUTED
20/11/18
CG POWER
FUTURE
BUY
38
39/41
36.5
TARGET HIT
20/11/18
Siemens
FUTURE
BUY
945
960/965
930
SL HIT
20/11/18
CG POWER
CASH
BUY
38
39/41
36.5
TARGET HIT
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Special Report 21-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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