Special Report 23-Oct-2018
Global markets at a glance The S&P 500 and the Dow fell in choppy trading on Monday as energy and financial stocks lost ground and caution grew ahead of a slew of earnings reports this week. Technology sector gains limited losses on the S&P 500 and helped to lift the Nasdaq. The beaten-down S&P technology index was up 0.8 percent. The S&P 500 energy index sank 1.1 percent after Halliburton warned that fourth-quarter earnings would miss estimates amid ongoing weakness in the North American hydraulic fracturing market. Halliburton fell 3 percent and rival oilfield services provider Schlumberger was down 2.9 percent.While profits of S&P 500 companies are expected to have risen 21.9 percent in the third quarter, according to I/B/E/S data from Refinitiv, many investors are focusing on the outlook for future growth due to concerns over trade, rising costs and other factors.Shares of Amazon.com and Alphabet, both due to report results this week, rose on Monday. The Dow swung between gains and losses of more than 100 points early in the session, highlighting the volatility in US equities as they struggle to recover from a recent selloff even as the earnings season gathers steam. Asian shares edged lower on Tuesday as earnings season nerves in the US dented Wall Street, while a cocktail of negative factors from Saudi Arabia's diplomatic isolation to concerns over Italy's budget and Brexit talks depressed sentiment.That rolled back some of the previous session's strong rally led by China stimulus hopes, with the MSCI's broadest index of Asia-Pacific shares outside Japan dropping 0.4 percent. Japan's Nikkei fell 1.25 percent. PREVIOUS DAY ROUNDOFF The market started off the week on a negative note with the Nifty 50 losing all its opening gains in the morning trade and closing sharply lower amid volatility despite strong global cues on October 22. Monday's intraday price action is clearly favouring the bears as two attempts by the bulls, during the course of the day, succumbed to the pressures of bears who succeeded in pushing the indices to much lower levels, experts said. The index closed below the psychological 10,300 levels and formed large bearish candle which resembles a 'Bearish Belt Hold' kind of pattern on the daily charts. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[-50.70pts], Consumption[-14.20pts],PSE[-27.35pts],CPSE[31.00pts],Energy[-352.50pts],FMCG[-47.70pts],Auto [10.20pts],Pharma[ -3.65pts],IT[-55.45pts],Metal[ 25.35pts],Realty[-0.65 pts], Fin Serv sector[51.80pts].
World Indices Index
Value
% Change
DJI
25,317.40
-0.50
S&P500
2,755.88
-0.43
NASDAQ FTSE100
7,468.63 7,042.80
0.26 -0.10
22,106.36 25557.05
-2.36 -2.33
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
Indiabulls Hsg
713.15
59.35
9.08
Eicher Motors
22,425.10
799.80
3.70
ICICI Bank
327.10
11.65
3.69
HCL Tech
980.05
21.55
2.25
NTPC
164.85
3.40
2.11
CMP
Change
% Chg
IndusInd Bank BPCL UltraTechCement Reliance
1,449.45 271.15 3,463.25 1,062.65
-127.25 -12.40 -146.35 -38.65
-8.07 -4.37 -4.05 -3.51
Bajaj Finserv
5,250.20
-169.00
-3.12
Top Losers Company
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
8KMILES
114.15
-5.7
-4.99
GOLDBEES
2835.2
24.5
0.86
1000
0.01
0
8.7
0.4
4.6
1000
0.01
0
ICICILIQ JAINSTUDIO LIQUIDETF
Stocks at 52 Week’s LOW Symbol
8KMILES ABGSHIP ABMINTLTD ADLABS AGCNET
Prev. Close
Change
%Chg
114.15 3.6 16 12.3 66.55
-5.7 0.1 0 -0.1 -6.25
-4.99 2.78 0 -0.81 -9.39
Indian Indices Company
CMP
Change
% Chg
NIFTY
10245.30
-58.20
-0.56
SENSEX
34134.38
-181.25
-0.53
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Special Report 23-Oct-2018
RECOMMENDATIONS [FUTURE] 1.M&M [FUTURE ] From the daily chart its clear that the particular is continuously following a downtrend the supports and resistances are also moving downside so its good to sell in weakness around 731-728 for the targets of 720-710 with stoploss above 740.
2.IRB [FUTURE] After consolidating between the range 135-120 the stock made closing candle below its support level of 120 which is clear indication of range breakout , so here sell on low would be good strategy to follow so we advice to sell irbfuture around 119-118 for the target of 115-110 with stoploss above 122.
STOCK RECOMMENDATION [CASH] HDFCLIFE - [CASH] This stock has got resistance from its important level of 385 and closed with two bearish candle which signifies that the bear run has not come to an end, the second candle has closed below its support level of 366 ,it may reach upto the level of 355 which is its next support level so we advice you to sell hdfclife around 365-363 for the targets of 358-350 with stoploss above 370.
MACRO NEW Trends on SGX Nifty indicate a negative opening for the broader index in India, a loss of 71 points or 0.69 percent. Nifty futures were trading around 10,181level on the Singaporean Exchange. Oil prices were steady on Tuesday as Saudi Arabia pledged to play a “responsible role” in energy markets, although sentiment remained nervous in the run-up to US sanctions against Iran’s crude exports that start next month.Front-month Brent crude oil futures were trading at $79.87 a barrel at 0120 GMT, 4 cents above their last close. US West Texas Intermediate (WTI) crude futures were at $69.41 a barrel, up 5 cents from their last settlement. The rupee pared its early gains to settle 24 paise lower at 73.56 against the US dollar October 22 due to steady capital outflows and strengthening of the American currency. The rupee came under pressure following heavy selling in domestic equities and the crude oil breaching the $80 per barrel mark on geopolitical worries related to killing of Saudi journalist Jamal Khashoggi. At the Interbank Foreign Exchange, the rupee opened on a higher note at 73.36 and gained further ground to hit an intra-day high of 73.19 against the US dollar. But it failed to hold onto the gains and fell back to settle at the day's low level of 73.56, showing a loss of 24 paise or 0.33 percent over the previous close.
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Special Report 23-Oct-2018
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
NIFTY
CE
10,500
NIFTY
LTP
Traded Volume (Contracts)
6.8
3,71,435
CE
10,400 21.95
3,59,867
44,67,975 33,13,725
BANKNIFTY
CE
25,500
68.9
3,02,297
10,08,560
RELIANCE
CE
1,100
5
16,193
29,15,000
RELIANCE
CE
1,120
2.35
14,389
20,23,000
RELIANCE
CE
1,140
1.35
10,904
23,29,000
HDFCBANK
CE
2,000
16
8,084
5,76,000
RELIANCE
CE
1,160
0.95
6,669
29,01,000
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST Symbol
Optio Strike n Price Type
NIFTY
PE
NIFTY
Open Interest
Asian Paints Q2: Profit falls 3.2 percent to Rs 506
crore versus Rs 526.2 crore; revenue increases 8.8 percent to Rs 4,639 crore versus Rs 4,265.3 crore YoY. Bharat Heavy Electricals board meeting on October 25 to consider and approve the proposal for buyback of the fully paid-up equity shares of the company
NIFTY FUTURE
2,83,500
LTP
Traded Volume (Contracts)
Open Interest
10,300
118
3,52,243
24,52,725
PE
10,200
74
2,92,166
34,95,000
NIFTY
PE
10,000 26.05
2,88,985
RELIANCE
PE
1,080
27.5
9,890
RELIANCE
PE
1,060 15.95
9,561
RELIANCE
PE
1,040
9.1
7,646
RELIANCE
PE
1,100
42
5,025
RELIANCE
PE
1,000
2.85
4,133
The index got support at its previous support level of 39,56,250 10190, in the previous week it bounced backed from 7,83,000 10280 level but could not continue its upward movement after 10599, here we can expect the same 8,47,000 trend can be found since some rejections can be found 9,57,000 at the above specified support level, so we advice you to 9,03,000 buy nifty future around 10190-200 for the targets of 10250-300 with stoploss below 10130. 13,09,000
FII DERIVATIVES STATISTICS BUY
SELL
No. of Contracts
Amount in Crores
INDEX FUTURES
97249
7962.52
90663
7437.56
INDEX OPTIONS
1303345
114330.74
1292493
STOCK FUTURES
505205
30749.93
STOCK OPTIONS
132030
9280.48
OPEN INTEREST AT THE END OF THE DAY
No. of Amount in No. of Contracts Crores Contracts
Amount in Crores
NET AMOUNT
278453
21527.84
524.9607
113388.73
1078190
85240.07
942.0101
499826
30400.41
1352690
85008.72
349.5161
130636
9125.34
141875
9108.72
155.1423 1971.6292
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
10476.00
10360.00
10292.00
10176.00
10108.00
BANKNIFTY
25684.00
25381.00
25201.00
24898.00
24718.00
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Special Report 23-Oct-2018
RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD DEC FUT ABOVE 31920 TGT 32000 32050 SL BELOW 31850 SELL GOLD DEC FUT BELOW 31850 TGT 31800 31750 SL ABOVE 31900
SILVER TRADING STRATEGY: BUY SILVER DEC FUT ABOVE 38910 TGT 38950 39000 SL BELOW 38850 SELL SILVER DEC FUT BELOW 38650 TGT 38600 38550 SL ABOVE 38700
COMMODITY ROUNDUP Oil slipped below $80 a barrel on Thursday as the fourth weekly increase in U.S. crude inventories suggested ample supply, while Saudi-U.S. tension and falling Iranian exports lent support. U.S. crude inventories rose 6.5 million barrels last week, the Energy Information Administration said on Wednesday, the fourth straight weekly increase and almost three times what analysts had forecast. EIA/S. Brent crude LCOc1 , the global benchmark, was down 50 cents at $79.55 a barrel at 0840 GMT. It has dropped over $7 from a 2014 high of $86.74 reached on Oct. 3. U.S. crude CLc1 was down 28 cents at $69.47. "Stocks are building," said Olivier Jakob, oil analyst at Petromatrix. "It's a continuous trend. Week after week, it does start to add up."Oil had been rising this week on concern about a decline in Iranian exports due to U.S. sanctions and tension between the United States and Saudi Arabia after the death of Saudi journalist Jamal Khashoggi.U.S. lawmakers pointed the finger at the Saudi leadership over the disappearance of the Saudi critic, suggesting sanctions could be possible. Saudi Arabia denies that it had any role in Khashoggi's disappearance. President Donald Trump on Wednesday gave Saudi Arabia the benefit of the doubt in the journalist's disappearance, suggesting the White House may not take additional action against Saudi Arabia. Gold prices fell by 0.19 per cent to Rs 31,806 per ten gram in futures trade Wednesday as participants trimmed their positions in line with weak global trend. At the Multi Commodity Exchange, gold for delivery in December declined by Rs 62, or 0.19 per cent, to Rs 31,806 per ten gram in a business turnover of 13,379 lots. The precious metal to be delivered in November contracts also fell by Rs 60, or 0.19 per cent, to quote at Rs 31,641 per ten gram with a business volume of 23,444 lots. Gold rallied by Rs 110 to Rs 31,460 per 10 gram at the bullion market today, tracking a firm trend overseas amid sustained buying by local jewellers. Silver also advanced by Rs 175 to Rs 39,375 per kg due to increased offtake by industrial units and coin makers. Traders said sentiment remained upbeat on the back of a firm trend overseas as the dollar eased amid fresh concerns of trade tensions between the US and China. In sync with gold, silver ready strengthened by Rs 175 to Rs 39,375 per kg and weekly-based delivery by Rs 205 to Rs 38,525 per kg. Silver coins however continued to trade at last level of Rs 74,000 for buying and Rs 75,000 for selling of 100 pieces.
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Special Report 23-Oct-2018
RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM OCT ABOVE 10050 TARGET 10100 10150 SL 10000 SELL GUARGUM OCT BELOW 9750 TARGET 9700 9650 SL 9800
NCDEX INDICES Index
Value
% Change
Barley Castor Seed Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT
1895 5358 4146 5721 1794 4640
2.54 1.75 1.17 1.33 -0.17 2.1
19985
-1.87
4218 3226 6596
1.08 -0.62 0.55
Jeera Mustardseed Soy Bean Turmeric
DHANIYA TRADING STRATEGY: BUY CORIANDER OCT ABOVE 5750 TARGET 5800 5850 SL 5700 SELL CORIANDER OCT BELOW 5600 TARGET 5550 5500 SL 5650
Turmeric prices were trading up by 0.46 per cent to Rs 6,526 per quintal in futures trade Wednesday as participants built up fresh positions, mainly driven by uptick in domestic and export demand in the spot market. Besides, limited arrivals from major producing regions fuelled the uptrend. At the National Commodity and Derivatives Exchange, turmeric for delivery in December month was trading higher by Rs 30, or 0.46 per cent, to Rs 6,526 per quintal with an open interest of 1,195 lots. Similarly, the spice for delivery in November month increased by Rs 18, or 0.28 per cent, to Rs 6,526 per quintal, in an open interest of 12,490 lots. Chana prices declined by 0.34 per cent to Rs 4,084 per quintal in futures market Wednesday as speculators booked profits amid ample stocks position at the spot market against low demand. At the National Commodity and Derivatives Exchange, chana for delivery in November fell by Rs 16, or 0.34 per cent, to Rs 4,084 per quintal with an open interest of 43,980 lots. Likewise, the commodity for delivery in December shed Rs 11, or 0.27 per cent to Rs 4,102 per quintal in 10,680 lots. Heavy rain in Kerala and parts of Karnataka in the past two months has damaged the arecanut crop. Growers are also expecting a sharp drop in production in the coming harvest as they struggle to cope with illegal imports into the country. “We expect 35 per cent shortfall in the crop. Rains have led to disease of the nuts,� said M Suresh Bhandary, MD of Mangalore-based Campco, which buys large quantities of nuts. Arecanut, a chief ingredient of pan masala, is mainly grown in Karnataka, Kerala and Assam. As per advance estimates of production by Directorate of Arecanut and Spices Development, output was 822,495 tonnes in 2017-18, a marginal rise from the previous year. Though area under the nut has remained stagnant, productivity has gone up in certain regions.
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Special Report 23-Oct-2018
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
73.3025 Yen
65.0200
Euro
84.5730 GBP
95.9305
USD/INR TRADING STRATEGY: BUY USDINR ABOVE 74.00 TGT 74.50/75.00 SL BELOW 73.50 SELL USDINR BELOW 73.50 TGT 73.00/72.50 SL ABOVE 74.00
GBP/INR TRADING STRATEGY: BUY GBPINR ABOVE 97.70 TGT 98.20/98.70 SL BELOW 97.20 SELL GBPINR BELOW 96.50 TGT 96.00/95.50 SL ABOVE 97.00
The dollar rallied to a one-week high against its rivals on Thursday as upbeat Fed minutes confirmed that policymakers are likely to raise interest rates a few more times until end-2019. While interest rate differentials haven't played a big role in the first half of the year in predicting currency trends as trade war concerns have dominated sentiment, that relationship has begun to exert its influence again in recent weeks. The gap between ten-year U.S. yields and its German counterparts has widened out to three-decade highs of 274 basis points and market watchers expect the spread to widen more in the coming months. The minutes from the Fed's Sept. 25-26 meeting showed every Fed policymaker backed raising interest rates and also generally agreed borrowing costs were set to rise further, despite U.S. President Donald Trump's view that the tightening have already gone too far. minutes confirm that policymakers are expected to raise rates more over the next year and that is helping the dollar gain and the risk off moves last night in Asian stocks is also another factor," said Richard Falkenhall, senior FX strategist at SEB in Stockholm.China's benchmark stock index . SSEC skidded to four-year lows, sapping appetite for risk taking with the euro EURCHF= down 0.1 percent against the perceived safe-haven Swiss Franc.Interest rate futures are now pricing in an 83 percent likelihood that the Fed raises rates in December, according to the CME Group's FedWatch Tool, the fourth hike this year. Two more increases are expected next year.Against a basket of its rivals =USD .DXY , the dollar gained for a third consecutive day, up 0.2 percent at 95.78. A semi-annual report by the U.S. Treasury report released overnight refrained from naming China directly as a currency manipulator though market watchers said Washington will closely monitor the Chinese currency's moves. Bank strategists termed the report "as a bit of an escalation without being too dramatic". The Chinese currency traded in the offshore market CNH=D3 was trading near a three-month low against the dollar at 6.9385 yuan per dollar. The euro EUR= changed hands at $1.1497 on Thursday, trading flat versus the greenback, after losing 0.65 percent on Wednesday.
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Special Report 23-Oct-2018
Date
Commodity/ Currency Pairs
19/10/18
NCDEX DHANIYA
SEP
BUY
19/10/18
NCDEX DHANIYA
SEP
19/10/18
NCDEX GUARGUM5
19/10/18
Contract Strategy
Entry Level
Target
Stop Loss
Remark
5750
5800 5850
5700
OPEN
SELL
5600
5550 5500
5650
NOT EXECUTED
OCT
BUY
9940
10000 10050
9900
TARGET HIT
NCDEX GUARGUM5
OCT
SELL
9750
9700 9650
9800
NOT EXECUTED
19/10/18
MCX GOLD
OCT
BUY
31950
32000 32050
31900
NOT EXECUTED
19/10/18
MCX GOLD
OCT
SELL
31850
31800 31750
31900
SL TRIGGERED
19/10/18
MCX SILVER
SEP
BUY
38830
38580 38650
38780
SL TRIGGERED
19/10/18
MCX SILVER
SEP
SELL
38740
38700 38650
38800
SL TRIGGERED
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
Entry Level
Target
Stop Loss
Remark
22/10/18
NIFTY
FUTURE
BUY
10440-450
10530-570
10400
NOT EXECUTED
22/10/18
UJJIVAN
FUTURE
BUY
225-226
240-250
220
OPEN
22/10/18
IRB
FUTURE
SELL
119-118
115-110
122
SL TRIGGERED
22/10/18
-
CASH
-
-
-
-
-
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Special Report 23-Oct-2018
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS TIME (ET)
REPORT
PERIOD
ACTUAL
FORECAST
PREVIOUS
MONDAY, OCT. 15 8:30 am
Retail sales
Sept.
0.1%
8:30 am 8:30 am
Empire State index
Oct.
19.0
10 am
Business inventories
Aug.
0.6%
TUESDAY, OCT. 16 9:15 am
Industrial production
Sept.
0.4%
9:15 am
Capacity utilization
Sept.
78.1%
10 am 10 am
Home builders' index
Oct.
67
WEDNESDA Y, OCT. 17
WEDNESDAY, OCT. 17
WEDNESD AY, OCT. 17
8:30 am
Housing starts
Sept.
1.28 mln
8:30 am
Building permits
Sept.
1.25 mln
WEDNESDAY, OCT. 17
WEDNESDAY, OCT. 17
WEDNESDA Y, OCT. 17
2 pm THURSDAY, OCT. 18
THURSDAY, OCT. 18
THURSDA THURSDAY, OCT. 18 Disclaimer Y, OCT. 18
THURSDAY, OCT. 18
THURSDAY, OCT. 18
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