Special Report 28-Jun-2018
Global markets at a glance US stocks fell on Wednesday on renewed uncertainty regarding the U.S. stance on Chinese investments in American technology companies, reversing gains earlier in the session. At the market open, stocks rose as President Donald Trump said he will use a strengthened national security review panel "the Committee on Foreign Investment in the United States (CFIUS)" to deal with potential threats from Chinese acquisitions of US technology, instead of imposing Chinaspecific restrictions.The decision was seen by investors as a somewhat softer approach than plans reported earlier to block firms with at least 25 percent Chinese ownership from buying US tech firms. Asian stocks slumped to nine-month lows on Thursday on growing worries the US administration's approach to trade is harming global economic growth even as it appeared to be modifying its approach to curb Chinese investments in US technology firms.US oil prices hit a 3-1/2-year high as plunging US crude stockpiles compounded supply worries in a market already uncertain about Libyan exports, a production disruption in Canada and Washington's demands that importers stop buying Iranian crude. Previous day Roundup
World Indices Index
Value
% Change
24,117.59
-0.68
S&P500
2,710.50
0.20
NASDAQ FTSE100
7,014.75 7,621.69
+0.23 1.10
22,177.58 28,501.03
-0.42 0.51
DJI
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
TECHM
716.2
28.35
4.12
INFRATEL
300
7.05
2.41
HCLTECH
922
11.60
1.27
2,114.90
21.20
1.01
605.5
6
1
CMP
Change
% Chg
BPCL
380.65
-34.60
-8.33
HINDPETRO IOC GAIL
275.55 155.4 326
-23.55 -11.40 -15.75
-7.87 -6.83 -4.61
618
-21.80
-3.41
HDFCBANK CIPLA
Top Losers Company
UPL The Nifty, which started on a flat note on Wednesday, closed sharply lower due to weak global cues and fell below its crucial support placed around 10,700 levels, ahead of expiry of June futures & options contracts in the coming session. The index formed a 'Bearish Belt Hold’ kind of pattern on the daily charts. The 50-share NSE Nifty opened at 10,785.50 which was also the intraday high for the index which resulted in small lower shadow. The bears took control of D-Street in morning trade itself and pushed the index below its crucial support placed at 10,700 levels. It hit an intraday low of 10,652.40 and then bounced back to marginally close above its 50-day exponential moving average (EMA) placed around 10,670. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[-77.25pts], C o n s u m pt i o n [ - 4 0 . 8 5 pt s ] , P S E [ -1 1 2 . 6 5 p t s ] , CP S E [ 64.45pts],Energy[-333.90pts],FMCG[-167pts],Auto[1 35 .9 0 pts],P harma[15.7 pts],IT[7 4 .90 pts],Metal[ 42.60pts],Realty[-4.95 pts], Fin Serv sector[-95.70pts].
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
845.55
-9.45
-1.12
386.5
6.65
1.72
ELECTROSL
1.65
0.05
3.03
GODREJCP
1191.25
18.65
1.57
462.8
3.55
0.77
BATAINDIA DABUR
HEXAWARE
Stocks at 52 Week’s LOW Symbol
ABAN ABCAPITAL ABMINTLTD ADANIGREEN ADANIPOWER
Prev. Close
Change
%Chg
114.5 131.55 20 28.8 17.1
-2.75 -2.85 -0.5 -1.4 -0.95
-2.4 -2.17 -2.5 -4.86 -5.56
Indian Indices Company
CMP
Change
% Chg
NIFTY
1067140
-97.75
-0.91
SENSEX
35217.11
-272.93
-0.77
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Special Report 28-Jun-2018
RECOMMENDATIONS [FUTURE] 1.BHARATFIN [FUTURE ] The particular counter is sustaining at its support level of 1180, as per the hourly chart there are two indecsion candles at that position and as per the daily chart it has rebounded from this level and closed above it so we can get a chance to make a long position from the support level so we advice to BUY BHARATFIN AROUND 1185-1188 TGT 1193 -1205 SL BELOW 1180.
2.DABUR [FUTURE] The particular script has breaked its 52 weeks high level here we can get a buying opportunity from its high of 396 so we advice to BUY DABUR FUTURE ABOVE 396 TGT 400-410 SL BELOW 392
STOCK RECOMMENDATION [CASH] HDIL [CASH] The particular script is trading at its 52 weeks low level of 20 below it has not support level to sustain so we recommend to SELL HDIL BELOW 20 TGT 19-18 SL ABOVE 21.
MACRO NEW Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 30 points or 0.28 percent. Nifty futures were trading around 10,645level on the Singaporean Exchange. Moscow and Washington struck a deal on Wednesday to hold a summit soon between Russian President Vladimir Putin and US President Donald Trump, a move likely to worry some US allies and draw a fiery reaction from some of Trump’s critics at home.Trump confirmed that Helsinki was a possible site. Other officials said the Russians were pushing for the summit to be in the Austrian capital of Vienna. Trump listed Syria and Ukraine among the many subjects he said they would discuss. His list did not include warnings from US intelligence officials that Russia will try to interfere in US congressional elections in November. The US yesterday conveyed to India that it has postponed the first '2+2 dialogue' between the two sides due to "unavoidable reasons" and expressed regret. The India-US '2+2 dialogue' was to be held on July 6, and External Affairs Minister Sushma Swaraj and Defence Minister Nirmala Sitharaman were to travel to the US to take part in the meeting with US Secretary of State Michael R Pompeo and Secretary of Defence James Mattis. Seafood company Penver Products yesterdat filed draft papers with markets regulator Sebi to raise funds through an initial public offering. Besides, microfinance lender Spandana Sphoorty has approached the Sebi with its IPO papers this week.
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Special Report 28-Jun-2018
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
CE
10,800
3
7,16,074
60,64,125
NIFTY
CE
10,700
21.1
5,04,959
36,38,100
BANKNIFTY
CE
26,600
31
5,20,463
12,25,200
BANKNIFTY
CE
26,700
16.2
4,37,383
10,14,200
MARUTI
CE
9,000
15.7
15,114
2,14,875
RELIANCE
CE
980
1.35
14,936
31,78,000
RELIANCE
CE
1,000
0.5
12,213
40,93,000
TCS
CE
1,900
2.15
11,961
11,96,000
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST Symbol
Bank of Maharashtra: CEO Marathe granted bail in DS Kulkarni case
Tata Steel: Thyssenkrupp nears JV compromise deal with Tata Steel, say sources
NIFTY FUTURE
2,83,500
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
Open Interest The Nifty, which started on a flat note on Wednesday,
NIFTY
PE
10,700
49.1
6,20,748
39,81,825
NIFTY
PE
10,600
12
4,35,553
35,21,100
BANKNIFTY
PE
26,400
75
4,81,581
5,25,480
BANKNIFTY
PE
26,300
42
4,72,456
7,90,960
RELIANCE
PE
960
3
9,904
14,32,000
TATASTEEL
PE
540
3.4
6,668
8,23,336
MARUTI
PE
8,800
20
6,331
RELIANCE
PE
980 15.55
5,933
closed sharply lower due to weak global cues and fell below its crucial support placed around 10,700 levels, ahead of expiry of June futures & options contracts in the coming session. The index formed a 'Bearish Belt Hold’ kind of pattern on the daily charts.According to Pivot charts, the key support level is placed at 10,620.7, followed by 10,570.0. If the index starts moving upwards, key resistance levels to watch out are 10,753.8 and 10,836.2.
54,900 We recommend to SELL NIFTY FUTURE AROUND 1072010715 TGT 10650-10600 SL ABOVE 10780. 10,27,000
FII DERIVATIVES STATISTICS BUY
SELL
No. of Contracts
Amount in Crores
INDEX FUTURES
25252
2192.04
38031
3439.32
INDEX OPTIONS
916686
88443.33
900605
STOCK FUTURES
156307
10509.40
STOCK OPTIONS
87942
6298.92
OPEN INTEREST AT THE END OF THE DAY
No. of Amount in No. of Contracts Crores Contracts
Amount in Crores
NET AMOUNT
281027
23798.98
-1247.2773
87198.91
898982
75706.04
1244.4248
148119
9934.65
1221389
84892.41
574.7451
86421
6178.58
143975
10472.61
120.3403 692.2329
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
10871.80
10771.40
10711.45
10611.05
10551.10
BANKNIFTY
26726.05
26577.40
26449.20
26300.55
26172.35
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Special Report 28-Jun-2018
RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD AUG FUT ABOVE 30750 TGT 30800 30850 SL BELOW 30700 SELL GOLD AUG FUT BELOW 30550 TGT 30500 30450 SL ABOVE 30600
COMMODITY ROUNDUP A stronger dollar and higher U.S. interest rates reduce demand for non-interest bearing gold as the metal becomes more expensive for holders of other currencies. The U.S. House of Representatives overwhelmingly passed a bill on Tuesday to tighten foreign investment rules, spurred by bipartisan concerns about Chinese bids to acquire sophisticated U.S. technology. President Donald Trump endorsed Treasury Secretary Steven Mnuchin's measured approach to restrict Chinese investments in U.S. technology companies. strong dollar and the prospect of a fourth rate hike have tempered gold prices, said Ronald Leung, chief dealer at Lee Cheong Gold Dealers in Hong Kong. Dallas Federal Reserve Bank President Robert Kaplan said he believes the U.S. central bank's monetary policy is still accommodative and suggested the Fed could raise rates at least two more times.
SILVER TRADING STRATEGY: BUY SILVER JUL FUT ABOVE 39950 TGT 40000 40050 SL BELOW 40900 SELL SILVER JUL FUT BELOW 39375 TGT 39320 39280 SL ABOVE 40425
Oil prices rose on Wednesday on supply disruption in Canada, falling U.S. crude stocks, uncertainty over Libyan exports and U.S. demands that importers stop buying Iranian crude from November.Brent crude was up 25 cents a barrel at $76.56 by 1000 GMT. U.S. light crude was 65 cents higher at $71.18."The worry is whether 'OPEC Plus' will have enough spare capacity to balance potential declines in oil production," said Abhishek Kumar, senior analyst at Interfax Europe Ltd in London. A supply outage at Syncrude in Canada has locked in 350,000 barrels per day (bpd) of crude, with repairs expected to last at least through July. fall in Canadian exports has helped drain supplies of heavy crude across North America and contributed to a major draw in U.S. crude oil inventories, analysts say. The American Petroleum Institute reported a much-higherthan-expected 9.2 million barrel fall in U.S. crude inventories in the week to June 22 to 421.4 million barrels. polled by Reuters had estimated on average that crude stocks would fall 2.6 million barrels last week. Also keeping markets on edge was the risk of a disruption to supplies from Africa and the Middle East.In Libya, a power struggle between the internationally recognised government and rebels has left it unclear who will handle the country's oil exports. future of Iranian crude exports is also unclear.
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Special Report 28-Jun-2018
RECOMMENDATIONS GUARGUM5 BUY GUARGUM JULY ABOVE 7810 TARGET 7840 7870 SL 7780 SELL GUARGUM JULY BELOW 7740 TARGET 7710 7680 SL 7770
NCDEX INDICES Index
Value
% Change
Barley Castor Seed Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT
1490 4155 3507 4610 1484.5 3665
0.2 1.56 1.51 1.07 -0.24 -0.34
Jeera
17050
1.25
3973 3467 7320
-0.15 0.03 0.05
Mustardseed Soy Bean Turmeric
CORINDER BUY CORIANDER JULY ABOVE 4640 TARGET 4670 4700 SL 4610 SELL CORIANDER JULY BELOW 4500 TARGET 4470 4440 SL 4530
Weak Pulses acreage in the ongoing Kharif season clubbed with good buying in retail markets is supporting Chana futures. The NCDEX Chana futures for July had tested a one and half week low of Rs 3380 per quintal this week and currently trade at Rs 3468 per quintal, up 1.31% on the day. Futures have been witnessing some short covering in last few days and similar trend was seen today as well with the open interest in the counter sliding by nearly 1.90% so far. The supplies in Delhi market have been sluggish over last few weeks and are unlikely to pick up much in coming weeks. Domestic Pulses acreage has dropped to 0.6 million hectare from 0.8 million hectare in the corresponding period last year, according to latest data released by agriculture ministry. The overall trend in Kharif sowing is tepid after an initially strong response from growers. Latest data places sowing area at 11.6 million hectare as of June 22 against 12.84 million hectare in the corresponding period of previous year. India received 10% lower than normal rainfall during June 1-22, taking a toll on the sowing. Harvesting of winter rapeseed started in Ukraine this past week. The rapid build-up of warmth in the spring accelerated growing processes in plants and caused early ripening of rapeseed. As a result, farmers took to the fields almost ten days earlier than last year and harvested 62 KMT of rapeseed from 36.5 Th ha by June 22, i.e. from 4% of its projected harvest area of 982.6 .
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Special Report 28-Jun-2018
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
68.5246 Yen
62.3600
Euro
79.8654 GBP
90.6032
USD/INR BUY USDINR ABOVE 68.60 TGT 68.90/69.20 SL BELOW 68.30 SELL USDINR BELOW 68 TGT 67.80/67.55 SL ABOVE 68.20
The Indian rupee weakened to 68.61 to the dollar, its weakest since Nov. 30, 2016, as high oil prices stoked importers to step-up purchase of the greenback.Oil prices rose on Wednesday as a supply disruption in Canada tightened the market and after U.S. officials told importers to stop buying Iranian crude from November. Some dealers said the Reserve Bank of India had intervened only mildly earlier in the day by selling dollars. The euro fell on Wednesday as concern about an escalating trade conflict boosted the dollar and the yen, while the Chinese yuan slumped to a six-month low.
GBP/INR BUY GBPINR ABOVE 91.50 TGT 91.70/91.90 SL BELOW 91.30 SELL GBPINR BELOW 90.40 TGT 90.20/90.00 SL ABOVE 90.60
Worries that a full-blown trade war will break out between Beijing and Washington continued to weigh on currencies and sent Chinese stocks hurtling lower, despite data showing profits rose at China's industrial companies euro slipped in European trading, under pressure from the trade conflict, the threat of a political crisis in Germany and uncertainty over a European Union summit. The single currency dropped 0.1 percent to $1.1633 after earlier falling to $1.1622, its weakest since June 22. The yen, a prominent gauge of investor risk aversion, gained. The dollar edged higher, its index against a basket of currencies up 0.1 percent at 94.765. A row over migration within Germany's governing coalition will also limit gains for the single currency investor caution about trade, equity markets in Asia slipped across the board on Wednesday and stock markets in Europe opened weaker. Expectations that U.S. interest rates will rise just as the European Central Bank is pushing back its planned rate increases have been a key driver for a two-month rally in the dollar. The trade-sensitive Australian dollar earlier fell 0.3 percent to $0.7371 , edging back towards last week's 13-month low of $0.7345. It later recovered and traded down 0.1 percent at $0.7381.
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Special Report 28-Jun-2018
Date
Commodity/ Currency Pairs
27/06/18
NCDEX CORIANDER
JULY
BUY
27/06/18
NCDEX CORIANDER
JULY
27/06/18
NCDEX GUARGUM5
27/06/18
Contract Strategy
Entry Level
Target
Stop Loss
Remark
4640
4670-4700
4610
NOT EXECUTED
SELL
4500
4470-4440
4530
NOT EXECUTED
JULY
BUY
7560
7590-7640
7530
TGT HIT
NCDEX GUARGUM5
JULY
SELL
7360
7330-7300
7690
NOT EXECUTED
27/06/18
MCX GOLD
AUG
BUY
30630
27/06/18
MCX GOLD
AUG
SELL
27/06/18
MCX SILVER
JUL
27/06/18
MCX SILVER
Date
30680-30730
30590
1st TGT HIT
30550
30500-30450
30600
SL TRIGGRED
BUY
39950
40000-40050
40900
NOT EXECUTED
JUL
SELL
39375
39320-39280
40425
NOT EXECUTED
Scrip
CASH/ FUTURE/ OPTION
Strategy
Entry Level
27/06/18
NIFTY
FUTURE
BUY
10700-10720
27/06/18
DABUR
FUTURE
BUY
387-387.50
-
-
CASH
BUY
-
27/06/18
-
JYOTHILAB
Target
Stop Loss
Remark
10650
OPEN
391-394
384.50
TGT HIT
-
-
-
-
440-441
450-460
436
OPEN
10770-10850
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Special Report 28-Jun-2018
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS TIME (ET)
REPORT
PERIOD
ACTUAL
FORECAST
PREVIOUS
MONDAY, JULY 2 9;45 am
Markit manufacturing PMI (final)
June
54.6
10 am 10 am
Construction spending
May
TUESDAY, JULY 3
TUESDAY, JULY 3
TUESDAY, JULY 3
1.8% TUESDAY, JULY 3
TUESDAY, JULY 3
TUESDAY, JULY 3
Varies 10 am
Factory orders
May
WEDNESDA Y, JULY 4
WEDNESDAY, JULY 4
THURSDAY, JULY 5
THURSDAY, JULY 5
THURSDA Y, JULY 5
8:15 am
ADP employment
June
8:30 am
Weekly jobless claims
6/23
9:45 am
Markit services PMI (final)
June
-0.8%
WEDNESD WEDNESDAY, JULY 4 AY, JULY 4
THURSDAY, JULY 5
WEDNESDAY, JULY 4
WEDNESDA Y, JULY 4
THURSDAY, JULY THURSDAY, 5 JULY 5 178,000
56.5
10 am 2 pm
FOMC minutes
FRIDAY, JULY 6
FRIDAY, JULY 6
FRIDAY, Disclaimer JULY 6
FRIDAY, JULY 6
FRIDAY, JULY 6
FRIDAY, JULY 6
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