Special Report 03 –JAN-2019
Global markets at a glance Asian shares crept cautiously higher on the first trading day of the new year as early gains in US stock futures spoke of some improvement in risk appetite.MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.14 percent, as E-Mini future for the S&P 500 ESc1 firmed 0.5 percent and Nasdaq futures NQc1 0.7 percent. Japan's Nikkei was closed for a holiday Wall Street has benefited from the merest hint of progress on the Sino-US trade standoff, though details were still notably lacking. Asian shares crept cautiously higher on the first trading day of the new year as early gains in US stock futures spoke of some improvement in risk appetite.MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.14 percent, as E-Mini future for the S&P 500 firmed 0.5 percent and Nasdaq futures 0.7 percent. Japan's Nikkei was closed for a holiday.
World Indices Index
Value
% Change
DJI
23346.24
+0.081
S&P500
2510.03
+0.13
NASDAQ
6665.94
+0.46
FTSE100
6734.23
+0.09
20014.77 25150.12
-0.31 +0.08
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
Sun Pharma
439.95
6.40
1.48
Bharti Infratel
265.20
2.95
1.12
TCS
1,919.00
16.20
0.85
Asian Paints
1,380.05
8.50
0.62
668.00
2.95
0.44
CMP
Change
% Chg
21,014.00 -2,181.10 287.40 -16.55 193.20 -8.90 492.50 -23.25 740.55 -32.80
-9.40 -5.44 -4.40 -4.51 -4.24
Infosys There was some hope of progress on the US government shutdown after President Donald Trump invited Republican and Democratic congressional leaders to a border security briefing.However, it was not clear who would attend the meeting, which was set for later on Wednesday, or whether a deal would even be discussed.Also looming are a closely-watched survey on US manufacturing due on Thursday, followed by the December payrolls report on Friday.
Top Losers Company
Eicher Motors JSW Steel Vedanta Tata Steel M&M
Stocks at 52 Week’s HIGH PREVIOUS DAY ROUNDOFF Benchmark indices closed the first session of the new year 2019 on a positive note on January 1 with gains of around half a percent driven by banking & financials stocks. The 30 -share BSE Sensex rose 186.24 points to 36,254.57 while the 50-share NSE Nifty gained 47.60 points to close at 10,910.10 in the absence of global cues.After opening higher the index immediately slipped into the red and continued to trade in a narrow range, but gained strength in the last hour to climb above 10,900 levels. It formed 'Hammer' 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[-59.35pts], Consumption[-66.35pts],PSE[-50.95pts],CPSE[22.2pts],Energy[+207.45ts],FMCG[-203.35pts],Auto[279.8pts],Pharma[-42pts],IT[-3.8pts],Metal[106.8pts],Realty[-3.4pts], Fin Serv sector[-118.85pts].
Symbol
Prev. Close
Change
%Chg
108.3
-0.2
-0.18
2291.95
338.05
14.75
LIQUIDETF
1000
0
0
NIFTYEES
13200
-150
-1.14
PROSEED
1.35
-0.05
-3.7
DVL JSWHL
Stocks at 52 Week’s LOW Symbol
Prev. Close
Change
%Chg
ABSLNN50ET
292
-12
-4.11
ARROWTEX
24
-1.75
-7.29
67.9 23.15 0.95
-1.9 -0.8 0.05
-2.8 -3.46 5.26
BYKE CALSOFT CHROMATIC
Indian Indices Company
CMP
Change
% Chg
NIFTY
10792
117.60
1.08
SENSEX
35891
363.05
1.00
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Special Report 03 –JAN-2019
RECOMMENDATIONS [FUTURE]
STOCK RECOMMENDATION [CASH]
1. SUNPHARMA(FUTURE ) Sun Pharma share given breakout of ascending triangle pattern on daily chart, since Nifty was negative due to that it closed only 1.31 per cent gains. Here on daily chart 436 is polarity for Sun Pharma and the last closing is above the same so here we can see 470 level in next week but according to pattern support points is 425 so buy it around 435-437.
KRBL Last session Nifty closed around one per cent loss but many of the Food stock given rally in which KOHINOOR was the top gainers due that KRBL also bounce back from support of 280 and after making high of 296.50 it closed at 291.25 while 297 is strong resistance on weekly chart, so above 297.50 we can see intraday rally in next session due to that it can be buy with stop loss of 289 for the target of 307 320.
2. TORNTPOWER [FUTURE]
MACRO NEWS
This stock respected to 50DMA level on daily chart and after making low of 254.90 it closed at 257.95 with doji candle since the 252-254 is strong support zone and many time this share has been bounce back from this level so we advise to buy it around 256 for the target of 260 264 with stop loss of 252
The Railways is likely to begin the commercial run of the much awaited Train 18 between Delhi and Varanasi next week, just ahead of the Kumbh Mela in Allahabad which begins on January 14, sources said.
Demand for new motorcycles and scooters slowed down significantly in December as three of the top five companies posted flat to negative growth in sales.The four brands that announced their December sales numbers – Hero MotoCorp, TVS Motor Company, Bajaj Auto, Royal Enfield – clocked only two percent growth at 8.77 lakh as against 8.59 lakh sold in the same month a year earlier.
Royal Enfield's harmonious relationship with India's leisure biking segment is witnessing the seven-year itch. The Eicher Motors-controlled brand has clocked its worst monthly sales performance since June 2011. And the reason is clear — the comeback of Jawa motorcycles.
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Special Report 03 –JAN-2019
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
BANKNIFTY
CE
27,500
BANKNIFTY
CE
27,400 30.85 13,22,203
BANKNIFTY
CE
27,300 51.95 11,21,946
NIFTY
CE
11,000 103.9
1,82,672
RELIANCE
CE
1,140 21.75
6,817
RELIANCE
CE
1,160
15.5
4,780
TATASTEEL
CE
520
8.35
3,950
SBIN
CE
300
7.4
3,705
16 14,08,566
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST Symbol
Optio Strike n Price Type
BANKNIFTY
Open Interest
RBL Bank appoints Pankaj Sharma as Chief Operations Officer
16,52,300
Bharti Airtel: Lost 18.6 Lakh Subscribers Vs Loss Of 23.6 Lakh (MoM)
10,49,280
9,82,360 NIFTY FUTURE Last trading session NIFTY Future close on negative note and losing around 1.08%, Due to weak 31,42,950 global and domestic cues and nifty give up 11,75,500 10800,Weakness are visible to metal and Auto sectors if 8,89,000 we go technically on chart we can clearly see that NIFTY major resistance level around 10980-11000 But not 17,42,162 sustain at higher level,and we seen profit booking at 36,72,000 higher level and bearish sentiment is strong across sectors.So we can follow sell on rise strategy it will be 2,83,500 good for the target of 10750-10600 with the SL of 10900.
LTP
Traded Volume (Contracts)
Open Interest
PE
27,000 45.45
13,69,229
12,11,320
BANKNIFTY
PE
27,100
73.1
10,82,616
4,97,460
NIFTY
PE
10,500
80.4
1,20,150
40,84,650
NIFTY
PE
10,800 174.95
1,17,216
23,65,425
RELIANCE
PE
1,100
29.4
4,420
5,71,000
TATASTEEL
PE
500
20.5
3,620
10,36,597
RELIANCE
PE
1,060 14.95
3,321
4,18,500
MARUTI
PE
7,000 102.25
3,131
68,325
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
Amount in Crores
NET AMOUNT
INDEX FUTURES
12278
825.14
19399
1301.13
311072
24964.97
-475.9887
INDEX OPTIONS
632309
36084.38
625429
35681.08
532109
40745.08
403.2906
STOCK FUTURES
64864
3951.31
66343
4034.72
1285282
79274.68
-83.4048
STOCK OPTIONS
36088
2175.71
35120
2103.35
53422
3203.14
72.3644 -83.7385
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
10967
10879
10807
10719
10647
BANKNIFTY
27536
27355
27216
27035
26896
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Special Report 03 –JAN-2019
RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD ABOVE 31700 TGT 31750 31850 SL 31620 SELL GOLD BELOW 31600 TGT 31520 31420 SL ABOVE 31680
SILVER TRADING STRATEGY: BUY SILVER ABOVE 39100 TGT 39250 39450 SL BELOW 38900 SELL SILVER BELOW 38900 TGT 38750 38550 SL 39100
COMMODITY ROUNDUP Gold hit its highest level since June 20 on Wednesday, helped by weaker equity prices which increased its appeal as a safe-haven asset. Crude oil rallied on Wednesday, boosted by signs of tighter supplies from Saudi Arabia. After a promising opening to the new year, natural gas prices fell after new forecasts called for mild temperatures for the first half of January. The heightened volatility in the stock market also had an impact on the commodity markets and vice-versa. Gold prices were supported by safe-haven buying early in the session before giving back some of those gains. Crude oil was pressure by weaker-than-expected manufacturing data from China, the Euro Zone and the United States. Support for natural gas continued to erode due to expectations of weaker demand. The truce between the US and Russian aluminium company Rusal was initially expected to have a limited impact on the aluminium market. But it’s now threatening to lead to a large round of earnings cuts for producers of the metal. Aluminium prices dropped to a 16-month low last month. This rules out a supply shock, which could have supported prices. With a supply shock now ruled out, prices are back to being determined by the risk of a slowdown in the global economy, especially China, where the outlook remains dull. Understandably, investors are wary. Shares of Hindalco Industries Ltd fell 4% on Wednesday. Oil prices fell on Thursday amid volatile currency and stock markets, and as analysts warned of an economic slowdown for 2019 just as crude supply is rising globally.U.S. West Texas Intermediate (WTI) crude oil futures CLc1 were at $45.93 per barrel at 0152 GMT, down 61 cents, or 1.3 percent, from their last settlement.International Brent crude futures LCOc1 were down 36 cents, or 0.7 percent, at $54.55 per barrel. Markets were roiled by a more than 3 percent crash of the U.S.-dollar against Japan's yen overnight JPY=D3 , and after U.S. tech giant Apple AAPL.O cut its sales forecast. did not foresee the magnitude of the economic deceleration, particularly in Greater China," Apple chief executive Tim Cook said. slowdown in China and turmoil in stock and currency markets is making investors nervous, including in oil markets. bank Jefferies said in a 2019 opening note to clients and employees that the start of the year "doesn't feel as firm, the future doesn't feel as certain and optimistic, and the path forward does not seem as clear."
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Special Report 03 –JAN-2019
RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM JAN ABOVE 8410 TARGET 8425/8445/8470 SL 8450 SELL GUARGUM JAN BELOW 8370 TARGET 8355/8335/8310 SL 8430
NCDEX INDICES Index
Value
% Change
Barley Castor Seed Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT
1988 5172 4257 6335 1922 4279.5
0.45 -1.45 -1.21 -0.41 0.29 -0.88
Jeera
17475
-1.13
3941 3469 6666
-0.2 0.87 -1.36
Mustardseed Soy Bean Turmeric
DHANIYA TRADING STRATEGY: BUY DHANIYA JAN ABOVE 6400 TAGET 6415/6435/6460 SL 6340 SELL DHANIYA JAN BELOW 6390 TARGET 6375/6355/6330 SL 6450
Planters in Bengal tea belt are expecting bright post winter high value first flush output for the consecutive second year due to prevailing favorable weather conditions. Entire tea belt in Bengal has taken submergence deep under chill. While the mercury at in Terai and Dooars tea belts in foothills have dipped even lower than 5 Degree Celsius, many high altitude places have gone under thick snow cover. Darjeeling city itself and surrounding areas, known for premium quality tea, also had a day-long snow fall after a decade. According to Indian Meteorological Department, the low temperature is likely to continue for the first half of January. With the general election a few months away, the central government has begun crunching the numbers in preparation for a comprehensive programme to help farmers tide over challenges posed by a dip in prices and dwindling incomes. The government is keen on a more substantive intervention than a loan waiver at the central level to alleviate agrarian distress besides stepping up investments in the sector, having concluded that writing off debt doesn’t help address underlying problems. Milk prices are likely to go up in 2019, cooperative dairies said, as supplies are less than usual during this period. Lower returns to farmers have led to the drop in milk production in winter, when supplies tend to go up, they said.“Milk prices are bound to increase in 2019. Low stocks of skimmed milk powder (SMP) and a drop in milk supplies compared to previous year are the two major reasons,” said RS Sodhi, managing director of Gujarat Cooperative Milk Marketing Federation which owns the Amul brand.
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Special Report 03 –JAN-2019
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
69.7131 Yen
63.57
Euro
79.9330 GBP
88.9748
USD/INR TRADING STRATEGY: USD/INR
The Reserve Bank of India (RBI) issued norms for restructuring loans defaulted by micro, small and medium enterprises. The RBI permitted a one-time restructuring of existing loans to MSMEs that are in default but 'standard" as on January 1, 2019, the central bank said in a statement.
BUY USDINR JAN ABOVE 70.40 TARGET 70.52/70.65 SL 70.25 SELL USDINR JAN BELOW 70.20 TARGET 70.08/69.93 SL 70.35
To be eligible for the scheme, the aggregate exposure, including non-fund based facilities of banks and NBFCs, to a borrower should not exceed Rs 25 crore as on January 1, 2019. The restructuring has to be implemented by March 31, 2020. The Indian rupee kicked off 2019 on a resounding note, building up on gains of the previous two sessions and adding another 34 paise on January 1 to close at 69.43 against the US dollar on increased selling of the greenback by exporters and smart gains in domestic equities. The domestic unit has rallied by a hefty 92 paise in the last three trading sessions.At the Interbank Foreign Exchange (forex), the rupee opened on a firm note at 69.63. It gained further to hit a high of 69.43 following dollar selling by exporters, before finally closing at 69.43, up 34 paise.
GBP/INR TRADING STRATEGY: BUY GBPINR JAN ABOVE 89.35 TARGET 89.47/89.60 SL 89.20 SELL GBPINR JAN BELOW 89.10 TARGET 88.98/88.85 SL 89.25
The government has exempted rupee payments made to Iran's national oil company NIOC towards the purchase of crude oil from payment of any tax, according to a Gazette notification. The finance ministry in a December 28, 2018 Gazette notification said the National Iranian Oil Company (NIOC) will not have to pay any withholding tax on payments it gets from Indian refiners. India had on November 2, 2018, signed an agreement with Iran to pay for crude oil it imports from the Persian Gulf nation in rupees. Any income a foreign company receives in an Indian bank account is subject to a withholding tax of 40 per cent, which together with sundry cesses totals to 42.5 percent. Exempting payments received by NIOC for crude oil it sells to Indian refiners, the notification said the Iranian firm "shall not engage in any activity in India, other than the receipt of income under the aforesaid arrangement".
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Special Report 03 –JAN-2019
Date
Commodity/ Currency Pairs
02/1/19
NCDEX DHANIYA
JAN
BUY
6360
02/1/19
NCDEX DHANIYA
JAN
Sell
02/1/19
NCDEX GUARGUM5
JAN
02/1/19
NCDEX GUARGUM5
02/1/19
Contract Strategy
Entry Level
Stop Loss
Remark
6375/6390/64 20
6300
TARGET HIT
6340
6325/6310/62 80
6400
TARGET HIT
BUY
8600
8615/8640/86 60
8540
NOT EXECUTED
JAN
SELL
8520
8505/8480/84 60
8580
TARGET HIT
MCX GOLD
JAN
BUY
31650
31700/31750
31550
SL HIT
02/1/19
MCX GOLD
JAN
SELL
31450
31400/31320
31530
SL HIT
02/1/19
MCX SILVER
MAR
BUY
38900
38950/39000
38750
NOT EXECUTED
02/1/19
MCX SILVER
MAR
SELL
38500
38450/38400
38600
NOT EXECUTED
Entry Level
Target
Stop Loss
Remark
Target
Date
Scrip
CASH/ FUTURE/ Strategy OPTION
02/1/19
NIFTY
FUTURE
SELL
10940
10900/10850/ 10820
11000
OPEN
02/1/19
JUBILANT FOOD
FUTURE
BUY
1250
1260/1270
1230
TARGET HIT
02/1/19
BEML
FUTURE
BUY
910
915/920
900
TARGET HIT
02/1/19
JUBILANT FOOD
CASH
BUY
1250
1260/1270
1230
TARGET HIT
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O
Special Report 03 –JAN-2019
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS
TIME (ET)
REPORT
PERIOD
ACTUAL
MEDIAN FORECAST
PREVIOUS
--
53.9
MONDAY, DEC. 31 None scheduled TUESDAY, JAN. 1 None scheduled New Year's Day WEDNESDAY, JAN. 2 9:45 am
Markit manufacturing PMI
Dec. THURSDAY, JAN. 3
8:30 am
Weekly jobless claims
12/29
222,000
216,000
10 am
ISM manufacturing index
Dec.
57.3%
59.3%
10 am
Construction spending DELAYED
Nov.
0.1%
-0.1%
Varies
Motor vehicle sales
Dec.
17.2mln
17.4 mln
185,000
155,000
FRIDAY, JAN. 4 9:45 am
8:30 am 9:45 am
Markit manufacturing index flash
Nonfarm payrolls Markit services index flash
Nov. Nov.
Dec.
--
55.7
--
54.8
8:30 am
Unemployment rate
Dec.
3.6%
3.7%
8:30 am
Average hourly earnings
Dec.
0.3%
0.2%
9:45 am
Markit services PMI
Dec.
--
53.4
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