Special Report 21-Sep-2018
Global markets at a glance The S&P 500 and the Dow Jones industrial average rose on Wednesday, with the Dow hitting its highest closing level since late January as rising Treasury yields boosted the financial sector and trade worries subsided.The tech-heavy Nasdaq ended the session slightly lower. Financial companies rose 1.8 percent, the biggest percentage gainer among the major S&P 500 sectors, as the benchmark 10-year Treasury yield hit a four-month high. Goldman Sachs , JPMorgan Chase , Citigroup and Bank of America ended the session up between 2.6 and 3.3 percent.The Dow Jones Industrial Average rose 158.8 points, or 0.61 percent, to 26,405.76, the S&P 500 gained 3.64 points, or 0.13 percent, to 2,907.95 and the Nasdaq Composite dropped 6.07 points, or 0.08 percent, to 7,950.04.Of the 11 major sectors of the S&P 500, seven ended in negative territory.So-called defensive stocks lost ground as rising yields provided investors with an attractive alternative to higher-risk equities. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.05 percent in early trade in Asia, taking support from Wall Street overnight.Japan's Nikkei stock index was 0.2 percent higher, while Australian shares eased 0.3 percent.The Dow Jones Industrial Average ended 0.61 percent higher on Wednesday at 26,405.76, its highest close since late January, while the S&P 500 gained 0.13 percent to 2,907.95. Previous day Roundup The index continued to fall for third consecutive session to break crucial support of 11,250 levels and formed bearish candle on the daily charts again. The Nifty Midcap index also caught in bear trap, falling nearly a percent while all sectoral indices ended in the red barring Metal and IT.The Nifty50 after gap up opening above 11,300-mark rallied to hit an intraday high of 11,332.05, but wiped out all gains in last couple of hours of trade to break crucial support and hit day's low of 11,210.90. The index fell nearly 100 points from day's high to end down 44.50 points at 11,234.40. According to Pivot charts, the key support level is placed at 11,186.13, followed by 11,137.97. If the index starts moving upwards, key resistance levels to watch out are 11,307.23 and 11,380.17. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[17.50], Co nsum ptio n[ -43 .85 pts],Bank[ -164 .1 0 pts],Auto [ 37.75pts],FinService[-92.80pts],Fmcg[-405.55pts],Media[50.15pts],Pharma[-8.45pts],IT[32.95pts],Metal [43.70pts],Realty[-3.20 pts], Pvt Bank[-71.00pts].
World Indices Index
Value
% Change
26,661.72
0.97
S&P500
2,941.25
0.06
NASDAQ
8,028.23
0.98
FTSE100
7,367.32
0.87
23,886.94 27,708.61
0.89 0.83
DJI
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
BPCL
365.05
9.95
2.80
Coal India
280.65
7.45
2.73
GAIL
384.55
9.75
2.60
Tech Mahindra
769.95
15.25
2.02
ONGC
177.00
3.10
1.7
CMP
Change
% Chg
6,312.05 1,804.65 450.80 2,499.55 692.30
-215.55 -57.50 -13.75 -70.85 -16.75
-3.30 -3.09 -2.96 -2.76 -2.36
Top Losers Company
Bajaj Finserv IndusInd Bank Zee Entertain Bajaj Finance UPL
Stocks at 52 Week’s HIGH AIONJSW CIPLA
24.35 663.7
1.2 -1.65
4.93 -0.25
DELTAMAGNT
124.05
6.2
5
DIVISLAB
1379.8
14.15
1.03
ELECTROSL
18.5
0.9
4.86
GANGOTRI
4.05
0.2
4.94
Prev. Close
Change
%Chg
3.15 31.2 89.35 71.65 1708.8
0.05 -0.5 -0.35 -1.4 -58.8
1.59 -1.6 -0.39 -1.95 -3.44
Stocks at 52 Week’s LOW Symbol
ADHUNIK ADLABS AGCNET AGRITECH AKZOINDIA
Indian Indices Company
CMP
Change
% Chg
NIFTY
11234.40
-44.50
-0.39
SENSEX
37121.22
-169.45
-0.45
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Special Report 21-Sep-2018
RECOMMENDATIONS [FUTURE] 1. IRB [FUTURE ] After consolidating within a range the particular counter brooked its support level of 168.40 and closed below it .Today it may show some correction upto 168, from that level we can short so we advice to sell IRB infra future around 168-167.50 for the targets of 165-163 with stoploss above 170.
2. INDIGO [FUTURE] Respecting the support level of 860 the particular counter is showing bounce back closed with a hanging man candlle .Here we can get the change of buy on dip oportunity around the levels of 870-874 for the targets of 885-895 with stoploss below 860.
STOCK RECOMMENDATION [CASH] VIPIND [CASH] This particular counter is showing a clear downtrend ,515 is a nearest support level below which we can withness freefall as per the market weakness sell on low should be considered so we suggest to sell vipind around 515-514 for the targets of 508-500 with stoploss above 520.
MACRO NEWS Trends on SGX Nifty indicate a positive opening for the broader index in India, a gain of 39.5 points or 0.35 percent. Nifty futures were trading around 11,351level on the Singaporean Exchange. North Korea’s Kim Jong Un wants a second summit with US President Donald Trump soon to hasten denuclearization, but a key goal is declaring an end this year to the 1950-53 Korean War, the South’s President Moon Jae-in said on Thursday. Moon said he and Kim spent most of a three-day summit discussing how to break an impasse and restart nuclear talks between Pyongyang and Washington, which are at odds over which should come first, denuclearization or ending the war. Prime Minister Narendra Modi said Thursday the size of Indian economy will double to $5 trillion by 2022 with manufacturing and agriculture contributing $1 trillion each. Speaking at the foundation laying ceremony of India International Convention and Expo Centre, he cited this week's announcement of merger of Dena Bank, Vijaya Bank and Bank of Baroda to create the country's third largest lender to say that the government will not shy away from taking tough decisions in the national interest. The Finance Ministry Thursday pegged the exchange rate for dollar at Rs 73.65 for calculation of import duty with effect from September 21, as against Rs 72.55 a fortnight ago. Similarly, in case of Pound Sterling, the value has been fixed at Rs 97.40 acompared to Rs 94.30 earlier.
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Special Report 21-Sep-2018
STOCKS IN NEWS
MOST ACTIVE CALL OPTION
Wipro shareholders approve amalgamation with Wipro Tech Austria
2,88,873
39,12,900
Sterlite Tech clarified, on Airtel, Jio, Sterlite Tech among bidders for Aircel Assets - that this is factually incorrect, and that the company denies having participated in any such bid
61.6
2,14,170
24,94,575
640
5.6
9,440
23,36,322
Stata Bank of India: The bank concluded the issuance of $650 Mio Green Senior Unsecured Fixed Rate Notes under $10 billion MTN programme.
CE
1,240
8.5
9,276
BANKBARODA CE
120
2.1
8,864
22,40,000 NIFTY FUTURE 56,96,000
Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
Open Interest
BANKNIFTY
CE
27,000
0.05
3,44,774
12,49,080
NIFTY
CE
11,400
32.5
NIFTY
CE
11,300
TATASTEEL
CE
RELIANCE MARUTI
CE
8,500
28.4
7,877
1,53,150
RELIANCE
CE
1,260
4.7
7,244
27,09,000
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST Symbol
Optio Strike n Price Type
BANKNIFTY
PE
26,500
BANKNIFTY
2,83,500
LTP
Traded Volume (Contracts)
Open Interest
115
6,54,055
5,77,240
PE
26,600 172.1
5,02,813
2,55,160
BANKNIFTY
PE
26,400 72.05
4,49,915
BANKNIFTY
PE
26,700
244
4,37,903
RELIANCE
PE
1,200 12.85
6,923
BANKBARODA PE RELIANCE
PE
BANKBARODA PE
110
4.05
6,381
1,220 20.85
6,332
120
10
5,228
5,00,160 The Nifty future confirmed its downtrend by making 1,88,120 three consecutive bearish candle and closing below 11297 which was acting as a crucial support level the 18,39,000 index is showing a clear sign of downtrend with no 24,88,000 strong support level so we advice to make a short 15,01,000 position around 11270-250 for the targets of 11200-150 with stoploss above 11320. 12,68,000
FII DERIVATIVES STATISTICS BUY
SELL
No. of Contracts
Amount in Crores
INDEX FUTURES
42828
4130.75
34490
3165.76
INDEX OPTIONS
1617033
162967.98
1601002
STOCK FUTURES
206019
13963.09
STOCK OPTIONS
163739
11817.36
OPEN INTEREST AT THE END OF THE DAY
No. of Amount in No. of Contracts Crores Contracts
Amount in Crores
NET AMOUNT
304701
26088.27
964.9908
161430.14
978793
85940.78
1537.8368
224280
15124.92
1223542
89686.08
-1161.8239
164307
11863.13
136958
9998.05
-45.7675 1295.2362
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
11380.00
11307.00
11258.00
11185.00
11136.00
BANKNIFTY
26750.00
26513.00
26374.00
26137.00
25998.00
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Special Report 21-Sep-2018
RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD OCT FUT ABOVE 30800 TGT 30900 31100 SL BELOW 30700 SELL GOLD OCT FUT BELOW 30600 TGT 30500 30300 SL ABOVE 30700
SILVER TRADING STRATEGY: BUY SILVER SEP FUT 37600 TGT 37800 38100 SL BELOW 37400 SELL SILVER SEP FUT 37300 TGT 37100 36800 SL ABOVE 37500
COMMODITY ROUNDUP WTI Crude oil futures edged up after correcting heavily this week. Bargain buying supported the commodity as equities edged up in Asia and Europe today. Risky assets benefited on hopes that the potential trade talks between the US and China would be beneficial. The WTI Crude oil futures are currently trading at $68.75 per barrel, up 0.26% on the day. MCX Crude oil futures are quoting at Rs 4943 per barrel, up half a percent on the day after tanking from highs above Rs 5000 per barrel in last session. Crude oil futures tumbled from near two month highs this week as the International Energy Agency or the IEA said that the global supplies hit a record of 100 million barrels a day. It also said that daily crude-oil output in the Organization of the Petroleum Exporting Countries climbed in August by 420,000 barrels a day, to average 32.63 million a day. IEA noted that as far as oil demand is concerned, following an increase of 1.4 mb/d in 2018, growth next year will be 1.5 mb/d. Natural Gas futures stayed slippery after the US Energy Information Administration (EIA) reported yesterday that US natural gas stockpiles increased by 69 billion cubic feet for the week ending August 31. The five-year average for the week is an injection of 74 billion cubic feet, and last year’s storage increase for the week totaled 87 billion cubic feet. Natural gas inventories rose by 63 billion cubic feet in the week ending August 31. The commodity is currently trading at $2.80 per mmbtu, down 0.40% on the day. MCX Natural Gas futures are trading at Rs 201.70 per kg, down 0.64% on the day. In its Short-term Energy Outlook published earlier this week, the EIA forecast dry natural gas production to average 81 billion cubic feet per day in 2018, up by 7.4 billion cubic feet in 2017 and establishing a new record high. The agency expects natural gas production will continue to rise in 2019 to an average of 84.7 billion cubic feet per day. This also pulled the commodity lower. The demand remains moderate and the energy markets are eyeing Hurricane Florence now. US economic data remains sound. IHS Markit US Sector PMI data revealed yesterday that the August survey data signalled a pick-up in Industrials output growth, according to the latest US Sector PMI from IHS Markit.Activity increased at a sharp rate that was one of the fastest over the last three- and-a-half years. Industrials also indicated the quickest expansion of the monitored sectors. Oil market is also being supported on US sanctions on Iranian crude exports.
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Special Report 21-Sep-2018
RECOMMENDATIONS GUARGUM TRADING STRATEGY: BUY GUARGUM OCT FUT ABOVE 9380 TGT 9430 9480 SL BELOW 9330 SELL GUARGUM OCT FUT BELOW 9330 TARGET 9380-9340 SL 9470.
NCDEX INDICES Index
Value
% Change
Barley Castor Seed Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT
1653 4660 3925 4785 1595.5 4313
1.97 0.43 2.19 -0.31 -2.27 -0.75
Jeera
19450
-0.21
4121 3300 6492
-0.31 0.24 -1.40
Mustardseed Soy Bean Turmeric
Coriander prices are holding up this week though overall sentiments appear to be mixed. However, export demand is seen supporting the trend in prices after the massive weakness in Indian Rupee. Steady arrivals are likely to weigh on the sentiments in coming weeks though. The commodity is holding above Rs 5000 per quintal in Kota. Rupee has recently dropped near an all time low against the US dollar and further losses could support exports.
DHANIYA TRADING STRATEGY: BUY DHANIYA SEP FUT ABOVE 5190 TGT 5250 5300 SL BELOW 5140 SELL DHANIYA SEP FUT BELOW 5110 TARGET 5070-5020 SL 5160
The overall stocks in the ready markets are quite comfortable though. Selling intensified in major agri commodities on the back of bearish USDA news along with rise in imported oil inflows in local mandies. All the major oilseeds and spices have witnessed heavy selling in last trading hour of the day. The latest import data of edible oil has fuelled some negative sentiments in oilseeds counter. As per the Solvent Extractors' Association of India, the Import of vegetable oils during August 2018 is reported at 1,512,597 tons compared to 1,361,272 tons in August 2017 consisting 1,465,594 tons of edible oils and 47,003 tons of non-edible oils i.e. Up by 11%. The NCDEX September futures declined by 0.29 percent from previous close. While NCDEX October Mustard seed futures plummeted by 0.31 percent. On the other side, as per the latest release by United States Department of Agrculture (USDA), the global soybean production is increased 2.2 million tons, with larger crops for the United States and China that are partly offset by lower projections for Canada, India, and Uruguay.Despite of bearish cues from global market , the NCDEX Wheat futures added more than 1 percent. However, as per the latest release by United States Department of Agriculture (USDA), the global wheat supplies for 2018/19 are raised 4.7 million tons on a 3.4-million-ton production increase to 733 million tones and higher beginning stocks.
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Special Report 21-Sep-2018
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
72.6781 Yen
64.6900
Euro
84.9050 GBP
95.5925
USD/INR TRADING STRATEGY: BUY USDINR ABOVE 73.10 TGT 73.50 74.00 SL BELOW 72.80 SELL USDINR BELOW 72.30 TGT 71.80 71.30 SL ABOVE 72.80
GBP/INR TRADING STRATEGY: BUY GBPINR ABOVE 95.80 TGT 96.30 96.80 SL BELOW 95.30 SELL GBPINR BELOW 94.90 TGT 94.40 94.00 SL ABOVE 95.40
The rupee Wednesday rebounded from the historic low of 72.91 to end higher by 51 paise at 72.18 against the dollar after the finance ministry assured of steps to avert its fall to "unreasonable levels". The rupee had crashed to an all-time low of 72.91 in morning trade tracking higher crude oil prices that increased concerns of widening trade deficit at home. The forex sentiment bolstered after the government said all steps will be taken to ensure the domestic currency does not depreciate to "unreasonable levels", amid reports that Prime Minister Narendra Modi will take stock of the economic situation over the weekend. "Government and RBI will do everything to ensure that rupee does not slide to unreasonable levels. Today's correction seems to reflect that realisation," Economic Affairs Secretary Subhash Chandra Garg tweeted. Adding to the bullish mode, the country's trade deficit for August softened to USD 17.4 billion against near five-year high of USD 18.02 billion. The rupee hit a day's high of 71.86, showing a sharp jump of 105 paise from the historic low, in the afternoon trade on positive sentiment. India's benchmark 10-year sovereign yield also eased to 8.13 per cent. The Indian currency has been caught in a free fall for last few sessions and tagged among the worst performing currencies in Asia having weakened by a steep 13.81 per cent since the beginning of the year. Asia's third-largest economy is battling with deluge of headlines covering from a range of fundamental concerns to deteriorating macro environment against the grim backdrop of surging global crude prices and sustained capital outflows. Besides, multiple factors including inflation fears and a widening current account deficit along with escalation in global trade war tensions have also gripped forex sentiment. This year has also seen a sustained outflow of foreign funds from equity and debt markets. Meanwhile, crude prices turned little weak, having neared the USD 78-mark after a drop in US crude inventories and the prospect of supply disruption from Iran. Benchmark Brent crude futures were trading at USD 78.83 a barrel in early Asian trade.
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Special Report 21-Sep-2018
Date
Commodity/ Currency Pairs
19/09/18
NCDEX DHANIYA
SEP
BUY
19/09/18
NCDEX DHANIYA
SEP
19/09/18
NCDEX GUARGUM5
19/09/18
Contract Strategy
Entry Level
Target
Stop Loss
Remark
5190
5250 5300
5140
NOT EXECUTED
SELL
5110
5070-5020
5160
NOT EXECUTED
OCT
BUY
9380
9430 9480
9330
NOT EXECUTED
NCDEX GUARGUM5
OCT
SELL
9330
9380-9340
9470
NOT EXECUTED
19/09/18
MCX GOLD
OCT
BUY
30950
31050 31250
30850
NOT EXECUTED
19/09/18
MCX GOLD
OCT
SELL
30600
30500 30300
30700
OPEN
19/09/18
MCX SILVER
SEP
BUY
37700
37900 38200
37500
NOT EXECUTED
19/09/18
MCX SILVER
SEP
SELL
37300
37100 36800
37500
NOT EXECUTED
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
Target
Stop Loss
Remark
19/09/18
NIFTY
FUTURE
SELL
11370-60
11300-250
11420
TARGET HIT
19/09/18
ORIENTBANK
FUTURE
SELL
72.80-70
70-68
74
OPEN
19/09/18
ONGC
FUTURE
BUY
173-174
177-180
171
TARGET HIT
19/09/18
KNRCON
CASH
SELL
198.30-198
196-194
200
TARGET HIT
Entry Level
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Special Report 21-Sep-2018
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS TIME (ET)
REPORT
PERIOD
ACTUAL
FORECAST
PREVIOUS
MONDAY, SEPT. 17 8:30 am
Empire State index
Sept.
25.6
TUESDAY, SEPT. 18 10 am
Home builders' index
WEDNESDA Y, SEPT. 19
WEDNESDAY, SEPT. 19
8:30 am
Housing starts
Sept.
67
WEDNESD WEDNESDAY, SEPT. AY, SEPT. 19 19
WEDNESDAY, SEPT. 19
Aug.
WEDNESDAY , SEPT. 19 1.168mln
8:30 am 8:30 am THURSDAY, SEPT. 20
Current account deficit
Q2
THURSDAY, SEPT. 20
THURSDA Y, SEPT. 20
-$124bln THURSDAY, SEPT. 20
THURSDAY, SEPT. 20
THURSDAY, SEPT. 20
8:30 am 8:30 am
Philly Fed index
Sept.
11.9
10 am
Existing home sales
Aug.
5.34 mln
10 am
Leading economic indicators
Aug.
0.6%
FRIDAY, SEPT. 21
FRIDAY, SEPT. 21
FRIDAY, SEPT. 21
FRIDAY, SEPT. 21
FRIDAY, SEPT. 21
FRIDAY, SEPT. 21
9:45 am 9:45 am
Markit services PMI (flash)
Sept. Disclaimer
54.8
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