Special Report 26-Oct-2018
Global markets at a glance US stocks jumped on Thursday, giving the Nasdaq its biggest daily gain since March, as Microsoft’s upbeat earnings spurred a rebound in technology names and investors snapped up oversold shares. The Nasdaq rose 3 percent, a day after it confirmed a correction and registered its biggest decline since 2011. The Dow and S&P 500 both moved back in positive territory for the year. Microsoft jumped 5.8 percent after it beat consensus estimates for revenue and profit. That, along with gains in chipmakers, helped technology stocks rise 2.89 percent. Asian shares wobbled in early Friday trade, struggling to shake off the previous day’s global markets rout, after weak results from tech giants Alphabet Inc and Amazon.com heightened concerns over world trade and economic growth.The latest round of upbeat results came from a wide range of companies, including Ford Motor Co, Visa Inc, Whirlpool Corp and Twitter Inc and offered relief after the earnings season began on a tepid note and then geared lower on sluggish outlooks from manufacturers and chipmakers. The shaky start for regional bourses came despite a bounce on Wall Street overnight, which was helped by bargainhunting and positive earnings from Microsoft Corp. Those gains were put into perspective, however, as shares of both Amazon.com Inc and Alphabet Inc fell sharply after the closing bell on disappointing earnings.Predictably, the Nasdaq futures turned down 0.9 percent and S&P E-mini futures fell 0.6 percent, underscoring broad worries about US corporate earnings, and the outlook for the economy, which triggered a rout on Wall Street on Wednesday and sent global markets into a tailspin. PREVIOUS DAY ROUNDOFF The Nifty after sharp gap down opening continued to trade lower throughout the session on Thursday, the last day of October series. Global cues and correction in index heavyweights Reliance Industries and HDFC twins weighed down the market. The index hit fresh seven-month low during the day but managed to show some recovery in later part of the session to close above 10,100 levels. It made small bodied bearish candle on the daily charts, which resembles a ‘Doji’ kind of pattern. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[-38.65pts], Consumption[-29.35pts],PSE[-17.95pts],CPSE [+1.95pts],Energy[-141.30pts],FMCG[-217.40pts],Auto[82.95pts],Pharma[-191.70pts],IT[21.65pts],Metal[ 41.05pts],Realty[-4.25 pts], Fin Serv sector[-123.15pts].
World Indices Index
Value
% Change
DJI
24,984.55
+1.63
S&P500
2,705.57
+1.86
NASDAQ FTSE100
7,016.39 7,004.10
+3.35
21,088.00 24,637.26
-0.86 -1.45
NIKKEI HANG SENG
+0.60
Top Gainers Company
CMP
Change
% Chg
318.55
9.75
3.16
1,004.85
24.15
2.46
IOC
140.10
2.55
1.85
Coal India
282.20
4.95
1.79
1,200.05
13.15
1.11
CMP
Change
% Chg
Vedanta
689.10 295.55 599.45 204.60
-54.20 -20.30 -23.35 -7.30
-7.29 -6.43 -3.75 -3.45
Hindalco
222.35
-7.50
-3.26
Wipro HCL Tech
Asian Paints
Top Losers Company Indiabulls Hsg Bharti Airtel UPL
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
0.4
0.05
12.5
10.5
-0.5
-4.76
KSB
786.7
23.15
2.94
LIQUIDETF
1000
0
0
QGOLDHALF
1410
2
0.14
BLUECHIP JAINSTUDIO
Stocks at 52 Week’s LOW Symbol
21STCENMGM 3IINFOTECH 5PAISA 8KMILES ABAN
Prev. Close
Change
%Chg
25 3.2 178.4 93.05 74.7
-0.5 0 4.95 -4.65 -1.8
-2 0 2.77 -5 -2.41
Indian Indices Company
CMP
Change
% Chg
NIFTY
10124.90
-99.90
-0.98
SENSEX
33690.09
-343.87
-1.01
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Special Report 26-Oct-2018
RECOMMENDATIONS [FUTURE] 1.JSWSTEEL [FUTURE ] After consolidating between the range 356-345 the stock closed with a bullish candle with high volume the stock has shown a sign of reversed from its support level 345 .As per the stochastic momentum indicator it is showing a oversold condition so we advice you to buy around 351-352 for the targets of 355-360 with stoploss below 348.
2.BANKBARODA [FUTURE] From the daily chart its clear that the stock is making a bearish continuation pattern fooling the bulls to engage in the long position, a little correction can be seen during the initial trading session of the market so its better to short it after correction around 100-101 for the targets of 98-96 with stoploss above 103.
STOCK RECOMMENDATION [CASH] CENTURYPLY - [CASH] Since three trading session the stock is reversing its crucial support level of 166 but due to market volatility it closed with a bullish doji candle above it. From here we can get an clear sign of reversal and as per the hourly chart a range breakout possibility can be grabbed so it would be better to follow buy on dip strategy around 172-173 for the targets of 175-178 with stoploss below 170.
MACRO NEW Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 22.5 points or 0.22 percent. Nifty futures were trading around 10,160level on the Singaporean Exchange. The rupee depreciated by 11 paise to close at 73.27 against the US dollar October 25 due to steady capital outflows and sharp decline in domestic equities amid intensifying geopolitical tensions. Dealers said a spurt in dollar demand from importers and hardening yields in the US markets weighed on the domestic currency.Foreign investors pulled out around Rs 1,495.71 crore on a net basis from capital markets on October 25 with stocks declining 1 percent in line with global sell-off. FPIs had pulled out Rs 2,046.54 crore on net basis on October 24. Oil prices rose 1 percent on Thursday, following the US stock market higher a day after Wall Street’s biggest drop since 2011 and as Saudi Arabia’s energy minister signalled major producers may have to intervene in crude markets to support prices.Brent crude futures rose 72 cents to settle at $76.89 per barrel as US equities rose amid strong corporate earnings. The global benchmark has lost almost $10 a barrel since hitting a high of $86.74 on October 3. US crude settled at $67.33, up 51 cents.
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Special Report 26-Oct-2018
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
Open Interest
JSW Steel: The company reported a net profit of Rs 2,087 crore for the September quarter.
Heidelberg Cement: Net profit rose 50 percent at Rs 50.1 crore.
CEAT: Net profit falls 17 percent year on year to Rs 63.2 crore
NIFTY
CE
10,300
20
6,80,735
31,64,550
NIFTY
CE
10,200
68
6,37,273
21,12,300
BANKNIFTY
CE
25,500
24
5,19,070
13,72,640 NIFTY FUTURE
RELIANCE
CE
1,060
4.7
20,271
16,52,000
RELIANCE
CE
1,080
1.15
17,738
20,91,000
BAJFINANCE
CE
2,300 40.15
14,557
6,77,000
RELIANCE
CE
1,100
0.55
11,690
32,56,000
BAJFINANCE
CE
2,250
76
8,626
1,43,000
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST
2,83,500
Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
PE
10,100
11.5
5,85,381
26,47,125
NIFTY
PE
10,200
31.5
5,38,761
NIFTY
PE
10,000
4
5,38,495
RELIANCE
PE
1,040
4.5
15,245
RELIANCE
PE
1,020
1.55
10,101
RELIANCE
PE
1,060
14
7,309
BAJFINANCE
PE
2,100
3
7,004
BAJFINANCE
PE
2,200
7.1
6,959
28,98,675 The Nifty after sharp gap down opening continued to trade lower throughout the session on Thursday, the last 43,44,300 day of October series.The index hit fresh seven-month 10,63,000 low during the day but managed to show some recovery in later part of the session to close above 10,100 levels. 10,60,000 It made small bodied bearish candle on the daily charts, 5,18,000 which resembles a ‘Doji’ kind of pattern.so we advice 5,31,000 you to buy nifty future around 10190-200 for the targets 4,39,500 of 10250-300 with stoploss below 10130.
FII DERIVATIVES STATISTICS BUY
SELL
No. of Contracts
Amount in Crores
INDEX FUTURES
156674
12148.10
163404
12725.48
INDEX OPTIONS
1385301
120978.32
1379579
STOCK FUTURES
681370
41053.90
STOCK OPTIONS
100438
6968.88
OPEN INTEREST AT THE END OF THE DAY
No. of Amount in No. of Contracts Crores Contracts
Amount in Crores
NET AMOUNT
322397
24851.24
-577.381
120436.48
1055944
83060.92
541.8334
681243
41244.79
1396041
87419.57
-190.8887
101097
7014.85
138826
8824.14
-45.9769 -272.4132
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
10377.00
10300.00
10213.00
10136.00
10049.00
BANKNIFTY
25603.00
25333.00
25086.00
24816.00
24569.00
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Special Report 26-Oct-2018
RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD DEC FUT ABOVE 32030 TGT 32080 32120 SL BELOW 31990 SELL GOLD DEC FUT BELOW 31750 TGT 31700 31650 SL ABOVE 31800
SILVER TRADING STRATEGY: BUY SILVER DEC FUT ABOVE 39150 TGT 39200 39250 SL BELOW 39100 SELL SILVER DEC FUT BELOW 38650 TGT 38600 38550 SL ABOVE 38700
COMMODITY ROUNDUP COMEX Gold saw some profit selling after hitting near three month top as investors remained skeptical about the direction for global equities. Gold has roared back to life after breaking above $1200 per ounce levels as the stressed sentiments in global economy and markets are benefiting the metal. The commodity currently trades at $1231.40 per ounce, down 0.15% on the day. MCX Gold futures are trading at Rs 31871 per 10 grams, down 0.60% as losses accentuated following a recovery in Indian Rupee. The INR hit highs around 73 per US dollar today. Meanwhile, Caterpillar, the leading global heavy equipment maker across industries reported healthy profits yesterday but warned about rising manufacturing costs. Most end markets continue to improve. Order rates and backlog remain healthy. In the fourth quarter, price realization, operational excellence and cost discipline are expected to more than offset higher material and freight costs, including tariffs, the company noted in its third quarter earnings release. The company’s operating profit for the third quarter of 2018 was $ 2.135 billion, compared to $1.509 billion in the third quarter of 2017. The increase of $626 million was mostly due to higher sales volume and favorable price realization. Manufacturing costs were higher due to increased material and freight costs, the company noted. Material costs were higher primarily due to increases in steel prices and tariffs. Freight costs were unfavorable primarily due to supply chain inefficiencies as the industry continues to respond to strong global demand. COMEX Copper futures edged up but failed to extend gains. Global sentiments mostly remained stressed as worries about US corporate earnings and broad concerns over Middle East stayed in place. Falling inventories on the LME continue to offer excellent support to the metal though the recent price action has been mostly sideways. The metal currently trades at $2.75 per pound, up 0.20% on the day after hitting an intraday high of $2.80 per pound. MCX Copper futures are trading at Rs 447.40 per kg, down 0.39% on the day as a break under Rs 450 levels triggered hefty selling in late afternoon trades.National Stock Exchange of India (NSE) has got permission from market regulator Securities and Exchange Board of India (Sebi) to launch copper large futures contract with a trading unit 25 metric ton (MT). In the international commodity markets, the 25 MT copper futures contract is one of the highest traded contracts and is considered as the global benchmark corporates, refiners and various users in the value chain.
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Special Report 26-Oct-2018
RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM OCT ABOVE 10300 TARGET 10350 10400 SL 10250 SELL GUARGUM OCT BELOW 10120 TARGET 10970 10920 SL 10170
NCDEX INDICES Index
Value
% Change
Barley Castor Seed Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT
1885 5372 4012 5617 1849 4645
-0.4 -0.07 -2.86 -0.44 1.51 -0.46
19780
-0.75
4218 3261 6622
0.38 0.49 0.33
Jeera Mustardseed Soy Bean Turmeric
DHANIYA TRADING STRATEGY: BUY CORIANDER OCT ABOVE 5720 TARGET 5770 5820 SL 5680 SELL CORIANDER OCT BELOW 5600 TARGET 5550 5500 SL 5650
Heavy selling was seen in chana and wheat market due to fragile demand by millers at higher levels along with stock liquidation by government agencies. In today's trading both Chana and wheat futures hammered by more than 2 percent. The market sources added that heavy stock selling by NAFED to cater domestic festival demand has maintained adequate supplies in local mandies. On the other side, selling was also emerged in guraseed counter as traders have reported some profit taking in guar market. The sources have estimated 60 thousand bags of daily arrivals of guar seed. The daily arrivals are likely to increase in the coming days. The NCDEX Guarseed November futures declined by 0.40 percent today. Sharp selling was seen in across all agri commodities on the back of strong kharif supplies in local mandies coupled with limited demand at current levels. All the major counters such as spices and oilseeds complex settled with losses.The NCDEX Chana futures settled in red as prices were guided by heavy stock liquidation by NAFED in local mandies. The daily arrivals were reported at 20 motors today in Delhi. On the other side, selling was seen in oilseeds market as prices declined today due to bearish nodes from international market along with sowing trend of Soyabean crop so far in the current year. Soyabean market has reported 11 lakh bags of arrivals today , around 6 lakh bags higher from last day. Weakness was seen in Jeera market due to fragile export at elevated levels. The NCDEX November futures declined by 0.40% today. The prices have declined by almost 6% from peak. While limited trading was seen in turmeric market as prices were hovering around last close to settle with marginal losses.
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Special Report 26-Oct-2018
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
73.2746 Yen
65.3300
Euro
83.6478 GBP
94.6190
USD/INR TRADING STRATEGY: BUY USDINR ABOVE 74.00 TGT 74.50/75.00 SL BELOW 73.50 SELL USDINR BELOW 73.00 TGT 72.50/72.00 SL ABOVE 73.50
GBP/INR TRADING STRATEGY: BUY GBPINR ABOVE 94.80 TGT 95.30/95.80 SL BELOW 94.30 SELL GBPINR BELOW 94.50 TGT 94.00/93.50 SL ABOVE 95.00
The euro skidded to its weakest since Aug. 20 on Wednesday after signs that economic growth could be slowing in Germany and France, the euro zone's two biggest economies. German private-sector growth slowed to its lowest level in more than three years as manufacturing and services both lost momentum, below forecasts, while manufacturing in France hit a 25-month low, widely-watched surveys showed. The single currency, earlier trading flat, dropped 0.4 per cent to $1.1422 after the surveys were published. The euro was the only big mover, with broader currency markets treading water as investors stay nervous about which direction to take despite some calm coming back into the market after this week's sharp falls in equity prices. The euro was the only big mover, with broader currency markets treading water as investors stay nervous about which direction to take despite some calm coming back into the market after this week's sharp falls in equity prices. The Japanese yen - often bought when broader markets slide - gave up some of its earlier gains, suggesting renewed demand for risk-taking as Asian stock markets rebounded. Big falls in stock prices have shaken foreign exchange markets this week, with the yen the main gainer, although currencies have largely remained calm as investors weigh up whether equity weakness is a major correction or just another wobble in a nearly decade-long bull-market run. The rupee bounced back from the day's low level to settle almost flat at 73.57 against the US currency Tuesday helped by easing crude oil prices and increased dollar selling by banks and exporters. The rupee opened weak at 73.74 and later fell to the day's low of 73.82 due to steady capital outflows amid deep losses in stock markets due to growing geopolitical concerns. However, retreating crude oil prices which fell 1.93 per cent to USD 78.29 per barrel eased concerns and helped arrest a decline in the local currency, a dealer said. Increased dollar selling by banks on the behalf of the Reserve Bank helped the rupee recover from losses. "Rupee pared losses and closed flat as crude oil prices retreated and dollar selling by state run lenders on behalf of RBI," V K Sharma, Head PCG & Capital Markets Group, HDFC Securities said.
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Special Report 26-Oct-2018
Date
Commodity/ Currency Pairs
25/10/18
NCDEX DHANIYA
SEP
BUY
25/10/18
NCDEX DHANIYA
SEP
25/10/18
NCDEX GUARGUM5
25/10/18
Contract Strategy
Entry Level
Target
Stop Loss
Remark
5670
5700 5750
5620
OPEN
SELL
5600
5550 5500
5650
NOT EXECUTED
OCT
BUY
10150
10200 10250
10100
NOT EXECUTED
NCDEX GUARGUM5
OCT
SELL
10050
10000 9950
10100
NOT EXECUTED
25/10/18
MCX GOLD
OCT
BUY
31920
32000 32050
31850
OPEN
25/10/18
MCX GOLD
OCT
SELL
31850
31800 31750
31900
TARGET HIT
25/10/18
MCX SILVER
SEP
SELL
38910
38950 39000
38850
TARGET HIT
25/10/18
MCX SILVER
SEP
BUY
38650
38600 38550
38700
NOT EXECUTED
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
Entry Level
Target
Stop Loss
Remark
25/10/18
NIFTY
FUTURE
BUY
10270-280
10330-400
10220
NOT EXECUTED
25/10/18
GSFC
FUTURE
BUY
97-97.50
100-104
95
NOT EXECUTED
25/10/18
CENTURYPLY
CASH
BUY
172-173
175-178
170
NOT EXECUTED
25/10/18
RELINFRA
CASH
BUY
327-330
340-355
320
NOT EXECUTED
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Special Report 26-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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