Special Report 3-July-2018
Global markets at a glance Wall Street ended higher on Monday after a choppy session, with gains in Apple and other technology stocks offsetting worries about an escalating trade war between Washington and its trading partners. Microsoft Inc , Facebook Inc and Apple Inc each rose 1 percent or more, pushing the S&P 500 information technology index up 0.99 percent, bringing gains for the year-to-date to 11 percent as investors bet on strong earnings from Silicon Valley in the approaching quarterly reporting season.
World Indices Index
Value
% Change
24,307.20
0.15
S&P500
2,725.25
-0.07
NASDAQ FTSE100
7,113.50 7,547.85
-0.06 -1.18
21,644.83 28,144.92
-0.77 -2.88
DJI
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
"It doesn't look like tech is going to slow down this year," said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma. "The tech play is here to say."
INFY
1,337.80
30.60
2.34
ASIANPAINT
1,293.00
28.55
2.26
894.25
15.75
1.79
624.4
5.60
0.9
Asian shares dropped in tentative morning trade on Tuesday as sentiment remained fragile in the face of tense trade relations between the United States and major economies, with investors braced for another potentially rocky day for Chinese markets.Investors, worried the trade row could derail a rare period of synchronized global growth, have pulled out of riskier assets in the past month or so.The Asia Pacific MSCI index ex-Japan dropped 0.66 percent on early Tuesday trade, while Japan’s Nikkei average was little changed.
BAJAJ-AUTO
2,833.00
22.70
0.81
Previous day Roundup The NSE Nifty which opened at 10,732.35 rose to an intraday high of 10,736.15 but then bears took control at Dalal Street and pushed the index towards 10,600 levels. It hit an intraday low of 10,604.65 but managed to recoup half of losses in the last couple of hours of trade before closing the day at 10,657.30, down 57 points. India VIX moved up by 3.94 percent at 13.37 levels. On the option front, maximum Put open interest (OI) was seen at 10,600 followed by 10,500 strike while maximum Call OI was seen at 11,000 followed by 10,800 strike. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[-50pts], Consumption[-24.85pts],PSE[-60.80pts],CPSE[34.85pts],Energy[-181.4pts],FMCG[-188.5pts],Auto[4 3 .2 5 pts],P harm a[ -3 9 .2 5 pts],IT [8 2 .8 pts],M etal[ 61.55pts],Realty[-3.7 pts], Fin Serv sector[-74.35pts].
TITAN UPL
Top Losers Company
CMP
Change
% Chg
BHARTIARTL
368.5
-13.45
-3.52
NTPC HINDALCO ADANIPORTS
154.05 222.55 362.5
-5.60 -7.95 -10.65
-3.51 -3.45 -2.85
1,113.00
-29.50
-2.58
IBULHSGFIN
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
32
-2.1
-6.56
BATAINDIA
859.4
-22.8
-2.65
BRITANNIA
6213.75
5.25
0.08
ELECTROSL
1.8
0.05
2.78
1042.9
43.1
4.13
AMJLAND
GARWALLROP
Stocks at 52 Week’s LOW Symbol
ABAN ADANIENT ADANIGREEN ADANIPOWER AGCNET
Prev. Close
Change
%Chg
112.3 113.15 26.8 16.15 101.5
-2.8 -8.55 -1.4 -0.6 3.8
-2.49 -7.56 -5.22 -3.72 3.74
Indian Indices Company
CMP
Change
% Chg
NIFTY
10657.30
-57
-0.53
SENSEX
35264.41
-159.07
-0.45
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Special Report 3-July-2018
RECOMMENDATIONS [FUTURE] 1.ASHOKLEY [FUTURE ] The particular script is consolidating while at its crucial suppoet level 124 its has crucial resistance levels at 127buy on reversal would be a good strategy to follow since it has made a green dozi during its downtrend so we advice to BUY ASHOKLEY FUTURE AROUND 126.50-127 TGT 129-132 SL ABOVE 125
2.MANAPPURAM [FUTURE] The particular script is consolidating while in its downtrend its has crucial resistance and support levels at 100 and 97.40.Sell on breakout would be a good strategy to follow so we advice to SELL MANAPPURAM FUTURE AROUND 97.2097 TGT 95.80-93 SL ABOVE 99
STOCK RECOMMENDATION [CASH] GRANULES [CASH] Due to the weakness in the pharma sector the particular counter is continuously moving in a downtrend. As per the market movement the market may show some early weakness here we can sell from low so our advice is to SELL GRANULES AROUND 77-76.50 TGT 74.90-72 SL ABOVE 78.30.
MACRO NEW Trends on SGX Nifty indicate a flat opening for the broader index in India, a rise of 5 points or 0.05 percent. Nifty futures were trading around 10,655level on the Singaporean Exchange. Growth of eight infrastructure industries dropped to a 10-month low of 3.6 percent in May due to a decline in production of crude oil and natural gas. The eight sectors, which also include coal, refinery products, fertilisers, steel and cement, had expanded by 3.9 percent in May 2017, according to the data released by the commerce and industry ministry yesterday.This is the lowest growth rate since July 2017 when infrastructure industries had expanded by 2.9 percent. The growth rate in April was 4.6 percent. The growth rate of refinery products, steel and electricity declined to 4.9 percent, 0.5 percent and 3.5 percent in May from 5.4 percent, 3.8 percent and 8.2 percent respectively in May 2017. Finance Minister Piyush Goyal has said India will be able to restrict the fiscal deficit below the budgeted level of 3.3 percent of GDP in 2018-19, which has hit 55 percent of the annual target in the first two months of the financial year.The government has budgeted to contain fiscal deficit at 3.3 percent of GDP in current financial year which began in April, lower than 3.53 percent in 2017-18 fiscal. Bharat Hotels, which runs five-star properties under 'The LaLiT' brand, has filed draft prospectus with capital markets regulator to garner Rs 1,200 crore through its initial share-sale.
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Special Report 3-July-2018
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
Open Interest
Dr Reddy’s Labs: Company announces launch of Repatha in India
Aurobindo Pharma: The firm has received USFDA approval for Ibuprofen OTC capsules. It is a painkiller drug
NIFTY
CE
10,700 105.5
1,66,192
27,05,700
NIFTY
CE
10,800
65
1,48,940
30,63,525
BANKNIFTY
CE
26,500
58.8
2,87,714
11,33,240
BANKNIFTY
CE
26,400
84.8
2,47,467
7,86,080
TATASTEEL
CE
580 10.65
8,385
25,92,023
TATASTEEL
CE
600
6.05
7,062
21,79,294
TATASTEEL
CE
560
17.6
5,235
11,07,684
TATAMOTORS CE
280
6.3
4,885
45,81,000
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST Symbol
Optio Strike n Price Type
NIFTY
NIFTY FUTURE
2,83,500
LTP
Traded Volume (Contracts)
Open Interest
PE
10,600 119.5
1,24,342
48,03,750
NIFTY
PE
10,500
85.4
1,17,564
32,64,900
BANKNIFTY
PE
26,000
58.1
3,12,058
BANKNIFTY
PE
26,100 85.05
2,13,227
TATASTEEL
PE
540
15.2
3,132
TATAMOTORS PE
260
7.6
3,027
RELIANCE
PE
960 25.45
2,854
VEDL
PE
230
2,795
6.6
Tata Power: Tata Power Renewable Energy commissioned 100 MW solar capacity in Andhra Pradesh
The NSE Nifty which opened at 10,732.35 rose to an 8,08,200 intraday high of 10,736.15 but then bears took control at 3,84,440 Dalal Street and pushed the index towards 10,600 levels. It hit an intraday low of 10,604.65 but managed to 7,33,151 recoup half of losses in the last couple of hours of trade 11,68,500 before closing the day at 10,657.30, down 57 points. We 8,47,000 recommend to SELL NIFTY FUTURE AROUND 1063010615 TGT 10550-10500 SL ABOVE 10700. 11,27,000
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
10759.17
10703.33
10649.17
10593.33
10539.17
BANKNIFTY
26500.70
26368.05
26216.70
26084.05
25932.70
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Special Report 3-July-2018
RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD AUG FUT ABOVE 30320 TGT 30370 30420 SL BELOW 30280 SELL GOLD AUG FUT BELOW 30270 TGT 30220 30170 SL ABOVE 30320
SILVER TRADING STRATEGY: BUY SILVER JUL FUT ABOVE 38770 TGT 38820 38870 SL BELOW 38720 SELL SILVER JUL FUT BELOW 38560 TGT 38510 38460 SL ABOVE 38600
COMMODITY ROUNDUP Gold prices edged down in early Asian trade on Monday as the dollar firmed, changing direction from Friday when the metal rose for the first time in five sessions.U.S. consumer prices accelerated in the year to May, with a measure of underlying inflation hitting the Federal Reserve's 2 percent target for the first time in six years. White House national security adviser John Bolton said on Sunday he believed the bulk of North Korea's weapons programmes could be dismantled within a year, although some experts say the complete process could take far longer. German Interior Minister Horst Seehofer offered his resignation to party colleagues late on Sunday, party officials said, escalating a row over migration with Chancellor Angela Merkel that threatens her fragile government. Euro zone inflation rose to its highest rate in more than a year this month as surging energy prices pushed price growth above the European Central Bank's target, even if only temporarily, data from Eurostat showed on Friday. Gold demand improved this week in India as prices fell to their lowest level in nearly three months, while demand elsewhere in Asia remained tepid as investors waited for prices to fall further. Oil prices fell on Monday as supplies from Saudi Arabia and Russia rose while economic growth stumbled in Asia amid an escalating trade dispute with the United States.Benchmark Brent crude oil fell $1.24 a barrel to a low of $77.99 before recovering to around $78.50, down 73 cents, by 0935 GMT. U.S. light crude was down 40 cents at $73.75. Oil prices rose strongly last week, with the U.S. crude contract hitting its highest in 3-1/2 years at $74.46.But a flurry of U.S. announcements over the weekend unsettled oil markets. Arabia's output is up by 700,000 barrels per day (bpd) from May, a Reuters survey showed, and close to its 10.72 million bpd record from November 2016. output rose to 11.06 million bpd in June from 10.97 million bpd in May, the Energy Ministry said on Monday. U.S. production has soared 30 percent in the past two years, to 10.9 million bpd, meaning the world's three biggest oil producers now churn out almost 11 million bpd each, meeting a third of global oil demand.
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Special Report 3-July-2018
RECOMMENDATIONS GUARGUM5 BUY GUARGUM JULY ABOVE 8400 TARGET 8430 8460 SL 8370 SELL GUARGUM JULY BELOW 8240 TARGET 8210 8180 SL 8270
NCDEX INDICES Index
Value
% Change
Barley Castor Seed Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT
1453 4172 3459 4683 1537.5 3806
1.51 0.34 0.17 -0.23 0.29 0.89
Jeera
18010
2.83
3975 3514 7414
0.13 1.37 -0.78
Mustardseed Soy Bean Turmeric
USDA forecasts that China's soybean imports will increase to 100.5 MMT in MY18/19 from the estimated 97 MMT in MY17/18. This forecast, is 2.5 MMT lower than USDA's June forecast. Due to the combination of the moderate increase in domestic soybean production, together with the slowdown in growth of soybean meal use, a net growth of 3.5 MMT of soybean imports in MY18/19 is expected to meet the Chinese demand growth for protein meals. CORINDER BUY CORIANDER JULY ABOVE 4800 TARGET 4830 4860 SL 4770 SELL CORIANDER JULY BELOW 4640 TARGET 4600 4570 SL 4670
U.S. soybean exports to China continue to face strong competition from soybean exports from South America. Excessive soybean stocks and a fall in the soybean price in Brazil attributed to the 14.2 MMT of Brazilian soybean exports to China in the first half of MY17/18. This is significantly higher than the 5.2 MMT during the same period in MY16/17. Despite China's net growth of over 2 MMT of soybean imports in the first half of MY17/18, total soybean imports from the United States fell to 24.4 MMT in this period, down from the 31.6 MMT in the previous year. Chinese importers note that Brazilian soybeans have a one percent higher protein content than U.S. soybeans. Importers were previously willing to pay a slightly higher price for soybeans with a higher protein content, but with the drop in the price of Brazilian soybeans, exports are now surging As per official data, Ukraine supplied some 1 MMT of wheat to foreign markets in May 2017/18. This was down 10% from April (1.1 MMT) but up 2% from May 2016/17 (986.8 KMT). In July-May 2017/18, wheat exports totaled 16.3 MMT, or 3% less than in the same period in MY 2016/17. Ukrainian wheat shipments to the European Union and Indonesia grew substantially in the current season. In the period under review, exports to Indonesia increased to 2.1 MMT that was 31% more than in the whole of MY 2016/17.
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Special Report 3-July-2018
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
68.6227 Yen
62.0000
Euro
79.9592 GBP
90.4310
USD/INR BUY USDINR ABOVE 69.60 TGT 69.90/70.20 SL BELOW 69.30 SELL USDINR BELOW 68 TGT 67.80/67.55 SL ABOVE 68.20
The euro was lower on Monday as fears over the prospect of a global trade war and fresh political uncertainty in Germany pressured the single currency, while the dollar pared back overnight gains against the safe haven yen.The euro came under pressure after Germany's interior minister offered to resign amid an escalating row over immigration policy, throwing into doubt the future of Chancellor Angela Merkel’s coalition government. The euro had risen on Friday after European Union leaders reached a deal on migration, easing pressure on Merkel. The single currency was also pressured lower after U.S. President Donald Trump ratcheted up trade tensions with the EU, claiming overnight that it treated the U.S. very badly and was “possibly as bad as China, just smaller”.
GBP/INR BUY GBPINR ABOVE 91.50 TGT 91.70/91.90 SL BELOW 91.30 SELL GBPINR BELOW 89.80 TGT 89.60/89.40 SL ABOVE 90.00
The comments raised the prospect that the U.S. could impose further tariffs on EU imports, possibly on auto imports.The EU has threatened to retaliate with tariffs on up to $300 billion of U.S. products if the U.S. does penalize EU automakers. The yuan, which posted its biggest monthly fall on record last month, was not much changed at 6.6460 per dollar in offshore trade, just ahead of Friday's seven-month low of 6.6522 to the dollar. "The Chinese authorities do not seem to have tried to stem the yuan's fall, which many people take as a message from Beijing that that's one thing they could do against U.S. pressure on trade," said Bart Wakabayashi, Tokyo branch manager of State Street Bank. The official survey on China's manufacturing sector published on Saturday suggested growth in the sector slowed slightly in June after a better-than-expected performance in May. the Mexican peso gained as much as 1.4 percent, in choppy early Asian trade on Monday after exit polls showed Andres Manuel Lopez Obrador - widely known as AMLO - scored a decisive win to secure Mexico's presidency on Sunday.
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Special Report 3-July-2018
Date
Commodity/ Currency Pairs
Entry Level
Target
Stop Loss
Remark
02/07/18
NCDEX DHANIYA
JULY
BUY
4720
4750-4780
4690
TGT HIT
02/07/18
NCDEX DHANIYA
JULY
SELL
4640
4600-4570
4670
NOT EXECUTED
02/07/18
NCDEX GUARGUM
JULY
BUY
8290
8320-8350
8260
NOT EXECUTED
02/07/18
NCDEX GUARGUM
JULY
SELL
7860
7830-7800
7890
NOT EXECUTED
02/07/18
MCX GOLD
AUG.
BUY
30500
30550 30600
30450
SL TRIGGERED
02/07/18
MCX GOLD
AUG
SELL
30350
30300-30250
30400
TGT HIT
02/07/18
MCX SILVER
JULY
BUY
39340
39400-39450
40300
NOT EXECUTED
02/07/18
MCX SILVER
JULY
SELL
39970
39900-39850
40020
TGT HIT
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
Entry Level
Target
Stop Loss
Remark
02/07/18
NIFTY
FUTURE
SELL
10630-10615
10550-10500
10700
OPEN
02/07/18
YES BANK
FUTURE
BUY
341-342
345-350
338
SL TRIGGERED
02/07/18
SUN TV
FUTURE
BUY
797-798
810-820
790
SL TRIGGERED
02/07/18
WELENT
CASH
BUY
169-170
174-178
166
SL TRIGGERED
Contract Strategy
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Special Report 3-July-2018
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS TIME (ET)
REPORT
PERIOD
ACTUAL
FORECAST
PREVIOUS
--
54.6
0.0%
1.8%
MONDAY, JULY 2 9;45 am
Markit manufacturing PMI (final)
June 10 am
10 am
Construction spending
May
TUESDAY, JULY 3
TUESDAY, JULY 3
TUESDAY , JULY 3
TUESDAY, JULY 3
TUESDAY, JULY TUESDAY, 3 JULY 3
Varies 10 am
Factory orders
May
-0.1%
WEDNESD AY, JULY 4
WEDNESDAY, JULY 4
WEDNES WEDNESDAY, JULY DAY, 4 JULY 4
THURSDA Y, JULY 5
THURSDAY, JULY 5
THURSD AY, JULY THURSDAY, JULY 5 5
8:15 am
ADP employment
8:30 am 9:45 am
-0.8%
WEDNESDAY, WEDNESD JULY 4 AY, JULY 4
THURSDAY, JULY 5
THURSDA Y, JULY 5
June
--
178,000
Weekly jobless claims
6/23
224,000
227,000
Markit services PMI (final)
June
56.5
10 am 2 pm
FOMC minutes
Disclaimer
FRIDAY, JULY 6
FRIDAY, JULY 6
FRIDAY, JULY 6
FRIDAY, JULY 6
FRIDAY, JULY 6
FRIDAY, JULY 6
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