Special Report 23-Aug-2018
Global markets at a glance US stocks were mixed on Wednesday, with the Nasdaq gaining on the strength of tech stocks while the S&P 500 was little changed as it marked its longest bull-market run. The legal woes of two former advisers to US President Donald Trump contributed to investors' caution, while the release of the Federal Open Market Committee's minutes from its last policy meeting had only a fleeting impact on Wall Street's major indexes. U.S. central bankers discussed raising interest rates soon to counter excessive economic strength but also examined how global trade disputes could batter businesses and households.Asian shares started cautiously on Thursday as a deadline loomed for fresh US tariffs on China and amid speculation US President Donald Trump's political position could be threatened by the legal woes of two former advisers. US and Chinese officials met for the first time in over two months to find a way out of their deepening trade conflict, but there was no evidence the low-level discussions would halt a new round of US tariffs due Thursday. The benchmark S&P 500 touched a record high on Tuesday and equalled its longest-ever bull-market run, buoyed by strong earnings reports in the consumer sector and relative calm in the trade dispute between the United States and China. The Nifty50 after opening higher extended its rally and hit a fresh intraday record high in early trade on August 21, but immediately cooled off to remain in the range of 42 points for rest of the session before ending the day at a record closing high.The index formed a bearish candle on an intraday basis on daily candlestick charts as the closing value was lower than what it opened at. The pattern formed by Nifty was more like Hanging Man and Dragonfly Doji on the daily charts.The Nifty50 opened the session at 11,576.20 and closed at 11,570.90 with gain of 19.10 points from its previous closing level of 11,551.75. The index gained to hit an intraday all-time of 11,581.75 which made a small upper shadow while it slipped to an intraday low of 11,539.60 which resulted in long lower shadow.India VIX fell by 1.36 percent to 12.85 levels and overall lower volatility suggests a tight grip of the bulls in the market. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[21.35pts], Consumption[-9.3pts],PSE[10.3pts],CPSE[15.50pts],Energy [102.15pts],FMCG[ -73pts],Auto[-18.65pts],Pharma [151.35pts],IT[138.55pts],Metal[-11.95pts],Realty[-5 pts], Fin Serv sector[21.9pts].
World Indices Index
Value
% Change
DJI
25733.60
-0.34
S&P500
2,861.82
-0.40
NASDAQ FTSE100
7,889.10 7,574.24
+0.38
22,414.98 27,727.06
+0.23 -0.72
NIKKEI HANG SENG
+0.11
Top Gainers Company
CMP
Change
% Chg
UPL
646.20
27.3
4.41
Tech Mahindra
709.40
21.45
3.12
Coal India
291.40
7.35
2.59
1,065.40
25.55
2.46
888.60
19.35
2.23
Grasim Lupin
Top Losers Company
CMP
Change
% Chg
Tata Steel
582.15
-17.25
-2.88
BPCL
368.75
-7.2
-1.92
HUL
1752.5
-24.5
-1.38
Vedanta
218.85
-3
-1.35
957.8
-11.75
-1.21
M&M
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
80.8
67.65
9.85
41.85
40.1
1.1
AMARAJABAT
908.45
891.8
-27.4
AXISBANK
638.25
624.4
12.1
30.1
28.7
1.4
AFL ALMONDZ
BALAXI
Stocks at 52 Week’s LOW Symbol
Prev. Close
Change
%Chg
ABGSHIP
4.75
0.2
4.21
AMTEKAUTO
6.65
-0.3
-4.51
BALAJITELE
107.6
-0.15
-0.14
104.45
-1.6
-1.53
1.5
-0.1
-6.67
BYKE CASTEXTECH
Indian Indices Company
CMP
Change
% Chg
NIFTY
11570.90
19.15
0.17
SENSEX
38285.15
7.00
0.02
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Special Report 23-Aug-2018
RECOMMENDATIONS [FUTURE] 1.KTKBANK [FUTURE ] Stock is in strong consolidation phase on daily chart with average volumes. It has multiple resistance on daily chart around 128 levels and 200 SMA is also the hurdle on daily chart. We recommend to sell around 128-129 level for the target of 125 with the stop loss of above 131.
STOCK RECOMMENDATION [CASH] CESC - [CASH] Stock has performed exceptionally well today with huge volumes on daily chart. It gave closing above the 200 EMA & SMA on daily chart with volume breakout. We recommend to buy around 1000 for the target of 1020 with the stop loss of 980.
MACRO NEW 2.KSCL [FUTURE] Stock has given breakout of consolidation and trading near to swing high on daily chart. It should continue bullish rally in upcoming session. The CCI and RSI are showing strength on daily chart. We recommend to buy around 632 for the target of 650 with the stop loss of 628.
HCL CEO earned Rs 33.13 crore in FY17-18, tech giant has many more crorepati employees ,Vijayakumar, who took over as CEO from Anant Gupta in October 2016, was paid Rs 7.06 crore in 2016-17. In effect, this is his first full year salary as CEO. Private equity and venture capital firms are opening up their investment kitty to fund a new wave of companies in the insurance sector, particularly those in the digital insurance space. Banks in Kerala have decided to reschedule loans and to not levy service charges and fees for issuing new cheque books to customers affected by the floods that has left a trail of destruction. The state Level Bankers Committee, Kerala, at its emergency meet yesterday also decided to announce a moratorium on education loan for a period of six months and all other loans for one year besides rescheduling the loan repayments for five years. Bharat Forge (BFL), a leading auto ancillary metal forging company having a transcontinental presence, has posted a strong set of numbers for the first quarter of FY19. The company posted a significant growth in revenue riding on its performance in the export and domestic market.
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Special Report 23-Aug-2018
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
Open Interest
BANKNIFTY
CE
28,300
81
4,10,903
5,93,600
BANKNIFTY
CE
28,600
6.7
2,11,603
6,42,120
NIFTY
CE
11,600
63.6
1,63,058
34,14,000
NIFTY
CE
11,700
24.3
1,24,103
28,64,700
RELIANCE
CE
1,260
12
11,266
16,92,000
TATAMOTORS CE
280
2.05
10,311
66,30,000
1240 20.95
10,012
16,65,000
9,714
29,57,007
RELIANCE
CE
TATASTEEL
CE
600
7.05
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
BANKNIFTY
PE 28200
60.4 3,53,913
NIFTY
PE 11500
42.2 1,81,822
BANKNIFTY
PE 28300 100.6 1,68,233
BANKNIFTY
PE 27800
6.6 1,20,880
BANKNIFTY
PE 27700
4.9 1,06,246
TATAMOTORS
PE
270
6.25 6826
RELIANCE
PE
1220
8 6643
RELIANCE
PE
1240
14.3 6520
CreditAccess Grameen shares to list on Thursday
Lupin receives tentative FDA approval for generic Nudovra Tablets
Suven Life Sciences secures product & process patents in Canada and USA
NIFTY FUTURE
2,83,500 Open Interest
5,45,800 Nifty hit again all time high of 11592 but in last trading 42,15,900 session the range was too narrow which is showing indecision in market at all time high. Technically it is 2,76,360 moving in rising wedge pattern where RSI also in over 5,37,400 bought region while if we see candle stick on daily chat it 3,90,800 is similar to hanging man pattern so trade with strict stop loss since the trend is positive but according to 13,99,500 pattern here we can see 120 points fall from the 11620 15,00,000 so sell Nifty near these level with stop loss of 11700 for 10,92,000 the target of 11530.
FII DERIVATIVES STATISTICS BUY
SELL
No. of Contracts
Amount in Crores
INDEX FUTURES
17655
1666.60
22176
2034.64
INDEX OPTIONS
695071
72012.40
691797
STOCK FUTURES
186274
13074.50
STOCK OPTIONS
125580
9586.36
OPEN INTEREST AT THE END OF THE DAY
No. of Amount in No. of Contracts Crores Contracts
Amount in Crores
NET AMOUNT
358111
31622.15
-368.0411
71648.14
793295
71737.97
364.2555
185800
13173.96
1157351
87980.17
-99.4606
125338
9515.00
147485
11395.39
71.3572 -31.889
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
11616.00
11601.00
11577.00
11562.00
11538.00
BANKNIFTY
28447.00
28363.00
28276.00
28192.00
28105.00
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Special Report 23-Aug-2018
RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD ABOVE 29800 TGT 29900 31100 SL BELOW 29700 SELL GOLD BELOW 29600 TGT 29500 29300 SL ABOVE 29700
SILVER TRADING STRATEGY: BUY SILVER ABOVE 37000 TGT 37200 37500 SL BELOW 36800 SELL SILVER BELOW 36600 TGT 36400 36100 SL ABOVE 36800
COMMODITY ROUNDUP Gold prices eased on Wednesday after touching a one-week high earlier in the day, as the dollar recovered some ground lost to U.S. President Donald Trump's criticism of the Federal Reserve's interest rate hikes. Minutes from the Fed's July 31-Aug. 1 policy meeting are expected later on Wednesday, which investors will study for clues on further rate hikes in the United States. Spot gold XAU= fell 0.2 percent to $1,192.93 an ounce at 0715 GMT, after earlier hitting $1,197.66, its highest level since Aug. 14. U.S. gold futures GCcv1 were largely unchanged at $1,200 an ounce. The dollar index against a basket of six major currencies .DXY was marginally higher at 95.284, after having fallen to a nearly two-week low of 95.08 in the previous session. USD/ "It appears, for now at least, gold has reached a trough, and will gradually strengthen," said John Sharma, an economist at National Australia Bank. "The recent comments by President Trump attacking the Fed's policy of raising rates would only benefit gold. Not adopting a tighter monetary stance might rekindle inflationary pressures, which should boost gold." Trump's reiteration on Monday of displeasure with rising interest rates had weighed on the dollar, ahead of the Fed's minutes and its annual economic symposium at Jackson Hole, Wyoming that will begin Friday. is highly sensitive to rising U.S. interest rates as it increases the opportunity cost of holding non-yielding metal while boosting the dollar, in which it is priced.A weaker dollar has helped the precious metal recover from a more than 1-1/2-year low hit last week, after prices slipped below the key psychological level of $1,200. Gold has come under pressure this year, sliding more than 12 percent since hitting a high of $1,365.23 in April amid U.S. interest rate hikes and a soaring dollar. Markets also looked ahead to trade talks between Chinese and U.S. officials expected to begin later on Wednesday in Washington.Meanwhile, liquidations continued at SPDR Gold Trust GLD , the world's largest gold-backed exchangetraded fund. Holdings have fallen about 3.4 million ounces from a peak in late April. GOL/ETF "Investors seem to have lost all flair for gold ... it's going to take quite a significant shift in the dynamics to reverse the outflows that has been building for sometime," said Sydney-based ANZ analyst Daniel Hynes. Spot silver XAG= was down 0.2 percent at $14.72 an ounce. Platinum XPT= fell 0.3 percent to $790.30, after touching a one-week high of $803.10. Palladium XPD= slipped 0.3 percent to $913.75. .
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Special Report 23-Aug-2018
RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM OCT ABOVE 9740 TARGET 9790 9840 SL 9690 SELL GUARGUM OCT BELOW 9620 TARGET 9570 9520 SL 9670
NCDEX INDICES Index
Value
% Change
Barley Castor Seed Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT
1636 4711 4267 4988 1821 4522
-0.37 -0.13 -1.55 0.63 -1.01 -2.09
20340
-0.25
4157 3324 7034
-0.22 -0.78 -0.62
Jeera Mustardseed Soy Bean Turmeric
DHANIYA TRADING STRATEGY: BUY CORIANDER SEP ABOVE 5030 TARGET 5080 5130 SL 4980 SELL CORIANDER SEP BELOW 4968 TARGET 4918 4868 SL 5018
Farmers are still unaware of the details of the Pradhan Mantri Fasal Bhima Yojana (PMFBY) even as the government and insurers are trying to increasing the penetration in the non-loanee segment, said a climate risk management firm WRMS. However in many states, high satisfaction has been seen among the enrolled farmers and reasons for the same were proper implementation in terms of assistance to farmers and involvement of insurance company and high percentage of insured farmers receiving .White sugar futures fell on Tuesday to a fresh 10year low on light speculative selling due to excess global supplies, while raw sugar and arabica coffee hovered near lows touched a day earlier. SUGAR October white sugar LSUc1 was down $0.30, or 0.1 percent, at $303.40 a tonne by 1106 GMT, after earlier touching $300.50, its weakest since September 2008. Dealers said the previous day's slump had weakened the technical structure and encouraged further speculative selling, although traded volumes were thin. Focus also remained on excess supplies from the European Union and India."To top it all, continuing rainfall in India may even see the already high production expectations exceeded," Commerzbank (DE:CBKG) said in a note. "The weak Indian rupee, which slumped last week to a new all-time low amid the Turkish crisis, is also pressuring the sugar price." October raw sugar SBc1 rose 0.01 cent, or 0.1 percent, to 10.10 cents per lb, but remained near the prior session's low of 9.98 cents.Chinese rubber futures rallied nearly 7 percent on Tuesday as investors bet on tighter supplies following reports of floods in India's southern rubberproducing region of Kerala.The most-active rubber contract on the Shanghai futures exchange for January delivery SNRv1 rose 825 yuan ($120.02) to finish at 12,650 yuan per tonne.
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Special Report 23-Aug-2018
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
69.6668 Yen
63.30
Euro
80.2478 GBP
89.3997
USD/INR TRADING STRATEGY: BUY USDINR ABOVE 70 TGT 70.20/70.45 SL BELOW 69.85 SELL USDINR BELOW 69.80 TGT 69.60/69.35 SL ABOVE 69.97
GBP/INR TRADING STRATEGY: BUY GBPINR ABOVE 89.80 TGT 90/90.30 SL BELOW 89.60 SELL GBPINR BELOW 89.55 TGT 89.35/89.10 SL ABOVE 89.75
The euro on Wednesday snapped a four-day rally that had lifted it to a two-week high as markets awaited news of U.S.-China trade talks and Federal Reserve minutes. The dollar steadied, after falling sharply this week when U.S. President Donald Trump criticised the Fed's interest rate increases. Minutes of the Fed's last meeting are expected to confirm it is on course to raise rates twice more this year. "Everybody would be surprised if there is anything to dig up in the minutes. It looks smooth for the Fed to hike in September and then in December. There has been no indication that the Fed is hesitating," said Niels Christensen, an analyst at Nordea. Analysts said growing U.S. political uncertainty, reinforced by the criminal convictions of two of Trump's ex-advisors, would keep the dollar under pressure, despite the United States embarking on greater monetary tightening than elsewhere. currency market reaction to the news was limited, however. The euro slipped 0.1 percent to $1.1563 EUR= off two-week highs. That was still more than two cents off 14-month lows hit last week on fears of contagion from a currency crisis in Turkey and renewed worries about Italian political turbulence. Most Asian currencies traded sideways on Wednesday as investors shied from taking positions ahead of Sino-U.S. trade talks later in the day.Holidays in the region also kept volumes low. The Indian, Indonesian, Malaysian and Singapore markets were closed.Lower-level talks between the United States and China expected to begin later in the day in Washington had prompted some risk appetite to creep back into the region as hopes for easing trade tensions rose.Investors had pulled out of the dollar as risk appetite for Asia increased. The greenback was further pressured by U.S. President Donald Trump's criticism of Federal Reserve rate hikes, and was subdued for the day. USD/Investors also awaited minutes of the Fed's July 31Aug. 1 policy meeting, due at 1800 GMT.China's yuan CNY=CFXS firmed about 0.1 percent versus the dollar and was on track to gain for a fifth straight session.The currency has been underpinned by a dip in the dollar for the past few sessions, as well as a stronger daily mid-point fixing from the People's Bank of China. The Thai baht THB=TH edged lower to break a four-session run of gains following disappointing July export data.
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Special Report 23-Aug-2018
Date
Commodity/ Currency Pairs
21/08/18
NCDEX DHANIYA
SEP
21/08/18
NCDEX DHANIYA
21/08/18
Contract Strategy
Entry Level
Target
Stop Loss
Remark
BUY
4970
5020-5070
4930
TARGET HIT
SEP
SELL
4950
4900-4850
5000
OPEN
NCDEX GUARGUM5
OCT
BUY
9820
9870-9920
9770
NOT EXECUTED
21/08/18
NCDEX GUARGUM5
OCT
SELL
9725
9675-9625
9775
TARGET HIT
21/08/18
MCX GOLD
OCT
BUY
29500
29600-29800
29400
TARGET HIT
21/08/18
MCX GOLD
OCT
SELL
29400
29300-29100
29500
NOT EXECUTED
21/08/18
MCX SILVER
SEP
BUY
36900
37100-37400
36700
TARGET HIT
21/08/18
MCX SILVER
SEP
SELL
36700
36500-36300
39900
NOT EXECUTED
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
Entry Level
Target
Stop Loss
Remark
21/08/18
NIFTY
FUTURE
BUY
11520-11530
11580
11480
TARGET HIT
21/08/18
UJJIVAN
FUTURE
BUY
359-360
365-370
355
TARGET HIT
21/08/18
HINDALCO
FUTURE
BUY
230.50-231
234-238
227
SL TRIGGERED
21/08/18
DELTACORP
CASH
BUY
265
270
262
TARGET HIT
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Special Report 23-Aug-2018
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS TIME (ET)
REPORT
PERIOD
ACTUAL
FORECAST
PREVIOUS
WEDNESDAY, AUG. 22
WEDNESDA Y, AUG. 22
MONDAY, AUG. 20 None scheduled TUESDAY, AUG. 21 None scheduled WEDNESDA Y, AUG. 22
WEDNESD WEDNESDAY, AUG. AY, 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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