Special Report 22-Nov-2018
Global markets at a glance The S&P 500 ended higher on Wednesday after a brutal two-day selloff, led by a rebound in energy and technology shares, but the market faltered towards the session’s end as Apple shares surrendered gains ahead of the Thanksgiving holiday. The Dow also gave up its gains to end flat, while the S&P 500 ended near its session lows, a sign of lingering bearishness.The Dow Jones Industrial Average ended flat at 24,464.69, the S&P 500 gained 8.04 points, or 0.30 percent, to 2,649.93 and the Nasdaq Composite added 63.43 points, or 0.92 percent, to 6,972.25. Asian shares stepped ahead cautiously on Thursday while oil rebounded from a steep sell-off, though rising US interest rates and escalating trade tensions kept financial markets on edge amid signs of slackening global growth.MSCI’s broadest index of Asia-Pacific shares outside Japan tacked on 0.2 percent and has so far managed to hold up in November after three straight monthly declines. Japan's Nikkei rose 0.7 percent while Australian shares advanced 0.6 percent.Trade tensions and higher interest rates are slowing the global economy, though for now there are no signs of a sharp downturn, the OECD said on Wednesday, lowering its outlook for next year. PREVIOUS DAY ROUNDOFF The market extended losses for the second consecutive session on Wednesday following global weakness and dragged by technology stocks. The Nifty50 fell near 10,550 levels but showed some recovery in later part of the session and defended 10,600 levels. The index lost 56.20 points to close at 10,600 while the Sensex fell 274.71 points to 35,199.80.The consistent sell-off amid volatility indicated that cautious approach would be prudent strategy now, experts said.According to Pivot charts, the key support level is placed at 10,551.1, followed by 10,502.2. If the index starts moving upwards, key resistance levels to watch out are 10,660.1 . Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[0.06pts], Consumption[+0.11pts],PSE[-0.30pts],CPSE[+0.23pts],Energy[ -1.46pts],FMCG[-0.06pts],Auto[0.16pts],Pharma[1.70pts],IT[ -2.84pts],Metal[0.80pts],Realty[+1.50pts], Fin Serv sector[+0.40pts].
World Indices Index
Value
% Change
DJI
24470
+0.7
S&P500
2649.93
+0.30
NASDAQ
6972.25
+0.91
FTSE100
7050.23
+1.45
21507.54 25971.47
-0.35 +0.58
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
2,601.80
158.65
6.49
Yes Bank
198.15
6.05
3.15
Grasim
863.75
25.8
3.08
5,851.95
163.4
2.87
779.25
20.05
2.64
CMP
Change
% Chg
1,812.00 619.1 182.1 690.65 985.15
-66.25 -22.3 -6.3 -19.05 -23.8
-3.53 -3.48 -3.34 -2.68 -2.36
Dr Reddys Labs
Bajaj Finserv UPL
Top Losers Company
TCS Infosys Power Grid Corp Tech Mahindra HCL Tech
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
NIFTY SENSEX
CMP
Change
% Chg
10600
-56.20
-0.53
35199.80
-274.71
-0.53
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Special Report 22-Nov-2018
RECOMMENDATIONS [FUTURE] 1. Pidilite 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 1155 Target 1162/1170 Sl 1140 .
STOCK RECOMMENDATION [CASH] TCS [CASH] On daily chart we have seen that stock is forming bearish candle. In last trading session a large bearish candle form with strong volume . After analysis of derivative data its indicate that traders view is to sell the stock . Our recommendation is also the stock from 1805 Target 1800/1780 Sl 1820 .
2. Adani PORTS[FUTURE] On daily chart we have seen that stock is traded near its resistance level . Profit boking 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 sell the stock in the range of 362 arget 358/355 Sl 365
MACRO NEWS
Reliance Jio Infocomm will serve the country's largest and most sought-after accounts in telecom - the railways - from January 1, with officials saying it is likely to slash the national transporter's phone bills by around 35 percent at least.Railways has been using Bharti Airtel for over six years as its telecom provider for 1.95 lakh mobile phone connections used by its employees in closed user group (CUG) across the country for which the railways paid around Rs 100 crore bill per year, they said.
The Indian rupee opened 32 paise higher to trade at 71.14 per US dollar. The Indian currency had ended the previous session at 71.46 per US dollar.Increased selling of the greenback by exporters amid softening crude oil prices, and persistent foreign fund inflows pushed the Indian currency higher on Tuesday.
As the Brexit negotiations head towards an endgame, there is turmoil all around. British politics is on a knife's edge with the future of Prime Minister Theresa May, and in some ways the entire Conservative Party, on the line. The Opposition too is struggling to put its own house in order and even the European Union (EU) is facing disunity within its ranks despite pretensions of a united front.
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Special Report 22-Nov-2018
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
BANKNIFTY
CE
26,300 104.95
9,47,015
BANKNIFTY
CE
26,500 33.95
9,45,211
Yes Bank: Rattled by the resignation of three Board members, the Board meeting will now take place on December 13 to discuss among other things the 5,65,880 appointment of chairman, chief executive and independent director. 12,36,780
BANKNIFTY
CE
26,400
60.9
9,15,685
6,87,100 Jet Airways: Company in talks with various investors
RELIANCE
CE
1,140
8.5
14,350
RELIANCE
CE
1,160
4.5
11,767
RELIANCE
CE
1,120
15.8
9,557
MARUTI
CE
7,500
81
8,643
ASHOKLEY
CE
115
1.25
7,743
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST Symbol
Traded Volume (Contracts)
Open Interest
19,60,500 amid reports of seeking Etihad support. 23,53,000 NIFTY FUTURE 11,52,500 2,09,925 Nifty 50 on Tuesday Strong Selling pressure in market . Nifty approch towards 10550 major support level near 1,12,88,000 intra day . Profit booking shown in th market in last two trading session .Our recommendation is to Buy the nifty 2,83,500 future in range of 10600-10620. Target Open 10650/10680/10700 SL 10540
Optio Strike n Price Type
LTP
BANKNIFTY
PE
26,000
18.9
9,99,759
13,89,400
BANKNIFTY
PE
26,100 32.05
6,99,883
7,67,220
BANKNIFTY
PE
26,200
53
6,05,859
6,30,160
RELIANCE
PE
1,100 10.25
12,291
8,38,000
RELIANCE
PE
1,120 18.95
8,209
5,86,500
RELIANCE
PE
1,080
5.4
7,169
6,83,500
TCS
PE
1,800
21.3
6,377
2,65,000
MARUTI
PE
7,300
60
4,129
67,200
Interest
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
42868
3047.55
56423
3752.67
457189
34619.01
-705.1176
INDEX OPTIONS
1715848
102138.96
1677345
99355.24
1068537
77695.90
2783.7144
STOCK FUTURES
203815
11746.68
206447
11857.72
1439971
83941.41
-111.0374
STOCK OPTIONS
149472
8761.81
147165
8617.80
177219
10523.78
144.0108 2111.5702
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
10720.2
10660.1
10611.2
10551.1
10502.2
BANKNIFTY
26503.1
26382.6
26221.6
26101.1
25940.1
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Special Report 22-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 37000 TGT 37070 37120 SL BELOW 36800 SELL SILVER BELOW 37800 TGT 37750/37700 SL ABOVE 37920
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 22-Nov-2018
RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM DEC ABOVE 9050 TARGET 9100/9150 SL 8950 SELL GUARGUM ABOVE DEC 9000 TARGET 8950/8900 SL 9100
NCDEX INDICES Index
Value
% Change
Barley Castor Seed Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT
1862 5688 4652 6618 1930.5 4513.5
0.16 -0.39 0.69 -2.77 0.39 -2.27
Jeera
19760
-1.57
4080 3410 6478
0.02 0.12 0
Mustardseed Soy Bean Turmeric
DHANIYA TRADING STRATEGY: BUY DHANIYA DEC ABOVE 6500 TARGET 6530/6560/6590 SL 6400 SELL DHANIYA DEC ABOVE 6400 TARGET 6370/6340 SL 6500
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 22-Nov-2018
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
71.4875 Yen
63.5357
Euro
81.7975 GBP
92.2258
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
The Indian rupee opened 32 paise higher to trade at 71.14 per US dollar. The Indian currency had ended the previous session at 71.46 per US dollar.Increased selling of the greenback by exporters amid softening crude oil prices, and persistent foreign fund inflows pushed the Indian currency higher on Tuesday. 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. .
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Special Report 22-Nov-2018
Date
Commodity/ Currency Pairs
21/11/18
NCDEX DHANIYA
DEC
BUY
6580
21/11/18
NCDEX DHANIYA
DEC
Sell
21/11/18
NCDEX GUARGUM5
DEC
21/11/18
NCDEX GUARGUM5
21/11/18
Contract Strategy
Entry Level
Stop Loss
Remark
6610/6640
6450
TARGET HIT
6530
6480/6450
6610
TARGET HIT
BUY
9420
9460/9500
9360
NOT EXECUTED
DEC
SELL
9400
9370/9345/93 20
9510
NOT EXECUTED
MCX GOLD
DEC
BUY
30800
30850/30900
30750
OPEN
21/11/18
MCX GOLD
DEC
SELL
30750
30700/30650
30850
OPEN
21/11/18
MCX SILVER
DEC
BUY
36600
36750/36800
36400
TARGET HIT
21/11/18
MCX SILVER
DEC
SELL
36550
36500/36420
36670
NOT EXECUTED
Entry Level
Target
Stop Loss
Remark
Target
Date
Scrip
CASH/ FUTURE/ Strategy OPTION
21/11/18
NIFTY
FUTURE
BUY
10600/10620
10620/10650/ 10700
10540
TARGET HIT
21/11/18
JUST DIAL
FUTURE
BUY
510
515/520
500
OPEN
21/11/18
ADANI PORTS
FUTURE
BUY
358
362/365
352
21/11/18
JUST DIAL
CASH
BUY
512
515/520
500
TARGET HIT
OPEN
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O
Special Report 22-Nov-2018
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS MEDIAN
THISREPORT WEEK'S MAJOR U.S. ECONOMIC REPORTS & FED SPEAKERS REPORT PERIOD ACTUAL PERIOD ACTUAL
TIME (ET)(ET) TIME
FORECAST FORECAST
MONDAY, NOV. 12
PREVIOUS PREVIOUS
MONDAY, NOV. 19
10 am
Home builders' index
Nov.
60
--
68
8:30 am
Housing starts
Oct.
1.23 mln
1.232mln
1.21 mln
8:30 am
Building permits
Oct.
1.26 mln
--
1.27mln
8:30 am
Weekly jobless claims
11/17
224,000
215,000
221,000
8:30 am
Durable goods orders
Oct.
-4.4%
-3.4%
-0.1%
8:30 am
Core capex orders
Oct.
0.0%
--
-0.5%
10 am
Existing home sales
Oct.
5.18 mln
5.15 mln
10 am
Consumer sentiment
Nov.
98.3
98.3
10 am
Leading economic indicators
Oct.
--
0.5%
TUESDAY, NOV. 20
WEDNESDAY, NOV. 21
THURSDAY, NOV. 22
Thanksgiving Day holiday None scheduled 9:45 am Markit manufacturing index flash FRIDAY, 9:45 amNOV. 23Markit manufacturing index flash 9:45 am Markit services index flash 9:45 amam 9:45 9:45 am
Nov.
Nov.
Nov.
Markit manufacturing indexNov. flash Markit services index flash Markit services index flash
---
55.7 -54.8
Nov.
--
Nov.
55.7 --
55.7 54.8
--
54.8
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