Special Report 26-Nov-2018
Global markets at a glance US stocks closed lower in a shortened post-holiday trading session on Friday as the energy sector tumbled on continued weakness in oil prices, and the benchmark S&P 500 confirmed its second correction of 2018.The three major US indexes all fell well over 3 percent for the week, with the Dow industrials and the Nasdaq posting their biggest weekly percentage declines since March.The S&P 500 ended about 10.2 percent down from its September 20 closing record high, confirming it had entered a correction.
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
The S&P last entered a correction earlier this year after posting a then record high in late January, and falling more than 10 percent by early February. That correction lasted roughly seven months, until the index posted a fresh record high in late August.On Friday, the S&P 500 energy sector fell 3.3 percent, dragged down by another plunge in oil prices, amid fears of a supply glut even as major producers consider cutting output. Oil prices have plunged some 30 percent since the start of October. Aside from energy, declines in Apple and Amazon weighed on the S&P 500, underscoring the drop in technology and internet stocks that has marked this latest swoon in equities. PREVIOUS DAY ROUNDOFF Indian equities settled with losses for third day in a row weighed by slide in ICICI Bank, Reliance Industries and HDFC Bank. The Sensex settled below the psychological 35,000 level after sliding below that level in late trade. Metal and mining stocks declined. Realty stocks fell.The Nifty 50 index lost 73.30 points or 0.69% at 10,526.75. The index hit high of 10,646.25 and low of 10,512 in intraday trade.Intraday volatility was high. Stocks drifted higher in early trade as buying resumed in the market after a twoday slide. Key benchmark indices extended gains in morning trade. Indices trimmed gains in mid-morning trade. Indices hovered in a small range with positive bias in early afternoon trade. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[-1.42pts], Consumption[-0.79pts],PSE[-1.18pts],CPSE[— 1.45pts],Energy[ -1.03pts],FMCG[-0.50pts],Auto[— 0.62pts],Pharma[-0.78pts],IT[-0.31pts],Metal[1.77pts],Realty[-1.35pts], Fin Serv sector[-0.65pts].
CMP
Change
% Chg
Zee Entertain
458.85
20.15
4.59
Adani Ports
368.15
6.9
1.91
Larsen
1,410.15
8.05
0.57
ONGC
152.25
0.5
0.33
HDFC
1,873.70
5.55
0.3
CMP
Change
% Chg
746.1 138.25 843.35 3,950.40 218.1
-23 -3.35 -20.4 -93.4 -5.05
-2.99 -2.37 -2.36 -2.31 -2.26
Top Losers Company
M&M IOC Grasim UltraTechCement Hindalco
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
1436.15
17.85
1.24
ADANIGAS
97.05
13.8
14.22
BIRLACABLE
221.15
-5.7
-2.58
ELECTROSL
31.55
1.55
4.91
LIQUIDETF
1000.01
0
0
AARTIIND
Stocks at 52 Week’s LOW Symbol
Prev. Close
Change
%Chg
ABGSHIP
2.55
-0.05
-1.96
ADHUNIK
2.7
-0.1
-3.7
41.1 2.6 0.5
-2.05 -0.1 0
-4.99 -3.85 0
AIFL ALCHEM ANTGRAPHIC
Indian Indices Company
CMP
Change
% Chg
NIFTY
10526.75
-73.30
-0.69
SENSEX
34981.02
-218.78
-0.62
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Special Report 26-Nov-2018
RECOMMENDATIONS [FUTURE] 1. Amarraja Battery FUTURE ] 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 to sell stock future from 710 Target 700/690 Sl 720 .
STOCK RECOMMENDATION [CASH] Amar Raja Battery [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 to sell stock future from 710 Target 700/690 Sl 720
2. KPIT [FUTURE] On daily chart we have seen that stock is approching towards its major support level of 194-192 . Profit boking we have seen in last trading session . After analysis of derivative data its indicate that traders view is to short the stock . Our recommendation is also sell the stock in the range of 200 target 195/190 Sl 205
MACRO NEWS
Revised and simpler tax return forms as well as lower refunds will likely boost revenue collection from Goods and Services Tax (GST), which the government expects to touch to Rs 1.5 lakh crore every month from the next financial year (2019-20).“GST collections should be around Rs 1.5 lakh crore per month from next year. New return form will also help in tax evasion,” a senior government official told .
US stocks closed lower in a shortened post-holiday trading session on Friday as the energy sector tumbled on continued weakness in oil prices, and the benchmark S&P 500 confirmed its second correction of 2018.The three major US indexes all fell well over 3 percent for the week, with the Dow industrials and the Nasdaq posting their biggest weekly percentage declines since March.
Country's third largest software company HCL Technologies and NBFC major Bajaj Finance will be included in the 30-share BSE Sensex effective December 24, 2018.Wipro and Adani Ports will be excluded from the index on the same day.
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Special Report 26-Nov-2018
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
LTP
BANKNIFTY
CE
26,300
0.05 23,30,867
BANKNIFTY
CE
26,200
0.05 21,63,915
BANKNIFTY
CE
26,400
0.05 21,16,430
RELIANCE
CE
1,140
3.2
13,609
22,10,500
RELIANCE
CE
1,120
6.95
11,828
14,78,500
MARUTI
CE
7,500
RELIANCE
CE
1,160
MARUTI
CE
7,600
MARUTIACTIVE PUT CE OPTION 9,000 MOST Symbol
Optio Strike n Price Type
Traded Volume (Contracts)
Open Interest
Adani Enterprises: Company incorporated a wholly owned subsidiary namely, Mundra Copper Limited.
14,38,660 Brent crude futures fall below $59/barrel: IOC, HPCL, BPCL, Jet Airways, SpiceJet, InterGlobe Aviation, Shalimar 14,64,240 Paints, Apollo Tyres, MRF, Ceat, Asian Paints, Nerolac 17,16,180 Paints etc may see some rally. NIFTY FUTURE
2,01,375 Nifty 50 on Tuesday Strong Selling pressure in market . Nifty broke the pivot support of 10550 . Profit booking 1.55 7,382 24,04,500 shown in th market in last three trading session .Our 25.95 7,075 1,24,800 recommendation is to Buy the nifty future in range of 10480 Target 10520/10540 SL 10440. Next major 111.5 5,823 2,83,500 support level in the range of 10440 & we still bullish on LTP Traded Open nifty from the lower level .Buy on dips strategy . 50
10,147
Volume (Contracts)
Interest
BANKNIFTY
PE
26,100
92.5
29,88,228
15,960
BANKNIFTY
PE
26,000
0.35
28,78,343
6,46,440
BANKNIFTY
PE
26,200 199.85
18,97,667
32,120
RELIANCE
PE
1,100
13.6
11,054
8,59,500
RELIANCE
PE
1,080
6.75
5,324
6,76,000
MARUTI
PE
7,300 60.95
4,407
63,225
RELIANCE
PE
1,120
25.7
4,389
6,73,500
TATASTEEL
PE
540
7.1
4,375
8,06,360
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
INDEX FUTURES
57826
3526.33
28634
INDEX OPTIONS
2271697
127727.92
STOCK FUTURES
143977
8199.27
148711
STOCK OPTIONS
135875
7756.18
137480
Amount in Crores
NET AMOUNT
1925.74
431739
32936.57
1600.5808
2244112 126123.40
1056066
76394.52
1604.5222
8487.84
1443785
83330.99
-288.5684
7846.45
176448
10384.37
-90.2695 2826.2651
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
10691.23
10607.87
10562.83
10479.47
10434.43
BANKNIFTY
26442.07
26220.64
26102.47
25881.04
25762.87
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Special Report 26-Nov-2018
RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD ABOVE 30580 TGT 30630 30680 SL BELOW 30450 SELL GOLD BELOW 30450 TGT 30420 30360 SL ABOVE 30580
COMMODITY ROUNDUP Oil prices renewed their fall on Friday, pressured by concerns that producers are churning out more oil than the world needs amid a bleak economic outlook.Markets were offered some support by an expectation that the Organization of the Petroleum Exporting Countries (OPEC) producer group will start withholding supply in 2019 to rein in any glut.U.S. West Texas Intermediate (WTI) crude futures CLc1 slumped by around 2.5 percent from their last close, down $1.34 to $53.29 per barrel at 0333 GMT.International benchmark Brent crude oil futures LCOc1 were at $61.82 per barrel, down 78 cents, or 1.3 percent amid thin trading due to a holiday in Japan. The divergence between U.S. and international crude comes as surging North American supply is clogging the system and depressing prices there, while global markets are somewhat tighter - in part because of reduced exports from Iran due to newly imposed U.S. sanctions. however, global oil supply has surged this year, with the top-three producers of the United States, Russia and Saudi Arabia pumping out more than a third of global consumption, which stands around 100 million barrels per day (bpd).
SILVER TRADING STRATEGY: BUY SILVER ABOVE 36250 TGT 36320 36380 SL BELOW 36100 SELL SILVER BELOW 36000 TGT 35950/35870 SL ABOVE 36150
High production comes as the demand outlook weakens on the back of a global economic slowdown. prices have plunged by around 30 percent since their last peaks in early October, as global production started to exceed consumption in the fourth quarter of this year, ending a period of undersupply that started in the first quarter of 2017, according to data in Refinitiv Eikon.Adjusting to lower demand, top crude exporter Saudi Arabia said that it may reduce supply."We will not sell oil that customers don't need," Saudi Energy Minister Khalid al-Falih said. Saudi Arabia is pushing OPEC to cut oil supply by as much as 1.4 million bpd to prevent a supply glut. group officially meets on Dec. 6 to discuss its supply policy.U.S. bank Morgan Stanley said it saw "a far greater probability that OPEC reaches an agreement to balance the market in 2019" than not, adding that this would likely support oil prices "in the high-$50s, at least near term.".
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Special Report 26-Nov-2018
RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM DEC ABOVE 9200 TARGET 9215/9235/9250 SL 9140 SELL GUARGUM ABOVE DEC 9130 TARGET 9115/9100/9070 SL 9200
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 6280 TARGET 6310/6350/6380 SL 6200 SELL DHANIYA DEC ABOVE 6190 TARGET 6175/6150/6130 SL 6270
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 26-Nov-2018
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
70.67 Yen
62.57
80.1702 GBP
90.6258
Euro USD/INR TRADING STRATEGY: USD/INR
BUY USDINR NOV ABOVE 70.95 TGT 71.05 71.15 SL 70.75 SELL USDINR NOV BELOW 70.75 TGT 70.6 70.50 SL 71
GBP/INR TRADING STRATEGY: BUY GBPINR NOV ABOVE 9 1.40 TGT 91.60 91.70 SL 91 SELL GBPINR NOV BELOW 91.25 TGT 91.15 91 SL 91.50
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 26-Nov-2018
Date
Commodity/ Currency Pairs
22/11/18
NCDEX DHANIYA
DEC
BUY
6500
22/11/18
NCDEX DHANIYA
DEC
Sell
22/11/18
NCDEX GUARGUM5
DEC
22/11/18
NCDEX GUARGUM5
22/11/18
Contract Strategy
Entry Level
Stop Loss
Remark
6530/6560/65 90
6400
TARGET HIT
6400
6370/6340
6500
TARGET HIT
BUY
9050
9100/9150
8950
NOT EXECUTED
DEC
SELL
9000
8950/8900
9100
NOT EXECUTED
MCX GOLD
DEC
BUY
30800
30850/30900
30750
NOT EXECUTED
22/11/18
MCX GOLD
DEC
SELL
30750
30700/30650
30850
TARGET HIT
22/11/18
MCX SILVER
DEC
BUY
37000
37070/37120
36800
TARGET HIT
22/11/18
MCX SILVER
DEC
SELL
37800
37750/37700
37920
NOT EXECUTED
Entry Level
Target
Stop Loss
Remark
Target
Date
Scrip
CASH/ FUTURE/ Strategy OPTION
22/11/18
NIFTY
FUTURE
BUY
10600/10620
10650/10680/ 10700
10540
SL HIT
22/11/18
Pidilite
FUTURE
BUY
1155
1162/1170
1140
TARGET HIT
22/11/18
ADANI PORTS
FUTURE
BUY
362
358/355
365
22/11/18
TCS
CASH
SELL
1805
1800/1780
1820
TARGET HIT
OPEN
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O
Special Report 26-Nov-2018
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS TIME (ET)
REPORT
PERIOD
ACTUAL
FORECAST
PREVIO US
MONDAY, NOV. 26 8:30 am
Chicago Fed national activity index
Oct.
0.17
TUESDAY, NOV. 27 9 am
Case-Shiller house prices
Sept.
10 am
Consumer confidence index
Nov.
137.9
Q3
3.5%
WEDNESDAY, NOV. 28 8:30 am
GDP
8:30 am
Advance trade in goods
Oct.
$76.0bl n
10 am
New home sales
Oct.
553,000
THURSDAY, NOV. 29 8:30 am
Weekly jobless claims
11/24
8:30 am
Personal income
Oct.
0.2%
8:30 am
Consumer spending
Oct.
0.4%
8:30 9:45am am 9:45 am
10 am 2 pm
Core manufacturing inflation index flash Markit
Nov.
Markit services index flash
Nov.
Pending home sales
Oct. Oct.
--
55.7
--
54.8
0.1% 0.5%
FOMC minutes
FRIDAY, NOV. 30 9:45 am
Chicago PMI
Nov.
58.4
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