Special Report
30-Nov-2018
Global markets at a glance
World Indices
Wall Street closed slightly lower on Thursday as tech and financial shares slumped, erasing earlier gains stemming from Federal Reserve minutes showing the central bank opened the debate on when to pause further interest rate hikes. All three major US indexes ended the session down a fraction of a percent.The Dow Jones Industrial Average fell 27.59 points, or 0.11 percent, to 25,338.84, the S&P 500 lost 5.99 points, or 0.22 percent, to 2,737.8 and the Nasdaq Composite dropped 18.51 points, or 0.25 percent, to 7,273.08.
Index
Value
% Change
DJI
25387
-0.02
S&P500
2737
-0.22
NASDAQ
7273
-0.25
FTSE100
7038
+0.49
22262.60 26451
+0.38 -0.88
Share markets ticked slightly lower in early Asian trade on Friday as investors await a closely watched meeting between the Chinese and US presidents in Argentina this weekend for signs of a trade war detente. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.1 percent. In Japan, the Nikkei was up 0.2 percent. PREVIOUS DAY ROUNDOFF A stronger rupee, falling crude oil prices along with a dovish commentary from the US central bank chief boosted markets across the globe, including India. Back home, the Nifty surged past 10,800 on a day when F&O contracts for November series expire. The Sensex, meanwhile, hit 36,000 during the day’s trade, rising over 530 points. Both indices ended the session on a strong note, with the Nifty retaining XX mark on expiry. At the close of market hours, the Sensex closed up 453.46 points or 1.27% at 36170.41, and the Nifty up 129.80 points or 1.21% at 10858.70. The market breadth was narrow as 1300 shares advanced, against a decline of 1292 shares, while 145 shares were unchanged. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[+1.17pts], Consumption[+1.31pts],PSE[-0.27pts],CPSE[0 .8 4 pt s ], E ne r gy [+ 0 .7 2 p ts ] , FM CG [ +1 .4 0 p ts ], A u to [+1.16pts],Pharma[+0.84pts],IT[ -1.15pts],Metal [+1.92pts],Realty[+1.20 pts], Fin Serv sector[+1.83pts].
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
Bajaj Auto
2,724.00
120.1
4.61
Kotak Mahindra
1,212.95
52.7
4.54
224.5
8.45
3.91
2,506.50
93.95
3.89
773.2
24.8
3.31
CMP
Change
% Chg
1,013.45 180.5 140.6 687.5 1,960.55
-29.65 -3.8 -2.2 -10 -23.35
-2.84 -2.06 -1.54 -1.43 -1.18
Hindalco Bajaj Finance M&M
Top Losers Company
HCL Tech Power Grid Corp ONGC Tech Mahindra TCS
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
33.1
1.65
4.98
FILATEX
57
1.05
1.84
ICICILIQ
999.99
0
0
1000.01
0
0
1869.4
50.6
2.71
Prev. Close
Change
%Chg
ABGSHIP
2.5
0.05
2
ADHUNIK
2.6
0.1
3.85
39.05 2.5 4
-1.95 0 -0.2
-4.99 0 -5
ELECTROSL
LIQUIDETF VINDHYATEL
Stocks at 52 Week’s LOW Symbol
AIFL ALCHEM AMTEKAUTO
Indian Indices Company
CMP
Change
% Chg
NIFTY
10858.60
129.85
+1.21
SENSEX
36170.41
453.46
+1.27
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Special Report
30-Nov-2018
RECOMMENDATIONS [FUTURE] 1. CEAT (FUTURE ) On daily chart we have seen that stock close above its pivot support level . Fresh Buying we have seen in last trading session . After analysis of derivative data its indicate that traders view is to Buy the stock . Our recommendation is also Buy the stock in the range of 1255 –1257 target 1265/1270 Sl 1245
STOCK RECOMMENDATION [CASH] MIND TREE [CASH] On daily chart we have seen that stock close above its pivot support level . Fresh Buying we have seen in last trading session . After analysis of derivative data its indicate that traders view is to Buy the stock . Our recommendation is also Buy the stock in the range of 855-857 target 862/867 Sl 849
MACRO NEWS 2. REC LTD [FUTURE]
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.
On daily chart we have seen that stock is forming Bearish candle. In last two trading session a 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 105 Target 104.5/103 Sl 107 .
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Special Report
30-Nov-2018
STOCKS IN NEWS
MOST ACTIVE CALL OPTION
Jet Airways - clarified that on news of Jet Airways shares surge on report of Naresh Goyal's exit is speculative in nature
Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
Open Interest
BANKNIFTY
CE
27,000
0.05 22,62,357
18,96,060
BANKNIFTY
CE
26,900
23 21,93,651
BANKNIFTY
CE
26,800
101 17,90,442
YESBANK
CE
160
0.5
52,057
YESBANK
CE
170
0.05
36,130
YESBANK
CE
165
0.05
33,739
Bharat Financial Inclusion: Company assigned a pool of 1,98,620 receivables of an aggregate value of Rs 827.76 crore to 79,620 one of the largest private sector banks on a direct assignment basis. This is the third direct assignment 20,84,250 transaction in FY19. 38,44,750 33,81,000 NIFTY FUTURE
RELIANCE
CE
1,180
0.05
27,271
14,86,500
YESBANK
CE
155
5.05
18,388
Nifty 50 on Tuesday Strong Buying pressure in market 4,35,750 from lower level . Nifty broke the resistance level 10750 but & sustain . Fresh buying seen fron lower level .Our MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 2,83,500 MOST recommendation is to Buy the nifty future in range of Symbol Optio Strike LTP Traded Open 10800 Target 10820 /10850 SL 10750 .Buy on dips n Price Volume Interest strategy use by traders. Type
(Contracts)
BANKNIFTY
PE
26,500
0.05
15,96,938
12,23,780
BANKNIFTY
PE
26,600
0.05
15,30,291
7,32,920
BANKNIFTY
PE
26,700
0.05
13,26,405
7,17,600
YESBANK
PE
150
0.05
36,308
45,92,000
YESBANK
PE
160
0.05
22,941
26,46,000
YESBANK
PE
155
0.05
19,748
31,53,500
YESBANK
PE
145
0.05
14,291
19,16,250
RELIANCE
PE
1,160
0.05
13,775
9,32,000
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
64832
4680.02
70832
4847.81
459747
35146.17
-167.7884
INDEX OPTIONS
1448606
88832.54
1422548
87010.61
1053228
76767.14
1821.932
STOCK FUTURES
439701
24575.05
433045
24099.84
1473795
85741.19
475.2068
STOCK OPTIONS
154804
8739.18
156774
8865.47
176312
10446.71
-126.2875 2003.0629
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
10942.03
10900.7
10841.33
10799
10740.63
BANKNIFTY
27266.8
27103.2
26840.2
26676.6
26413.6
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Special Report
30-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 Gold prices were tepid on Wednesday pressured by a robust dollar after a senior U.S. Federal Reserve official reaffirmed the need for a further increase in interest rates, making bullion more expensive for holders of other currencies. Fed Vice Chair Richard Clarida said on Tuesday the central bank should continue to gradually raise interest rates, but it was "especially important" to monitor economic data as monetary policy was getting close to a neutral stance. strength of the U.S. dollar has been bad for gold, while the Fed is little more bullish about interest rates," said John Sharma, an economist with National Australia Bank (NAB).Prospects of higher U.S. interest rates are negative for dollar-priced gold as they raise the opportunity cost of holding the bullion.
SILVER TRADING STRATEGY: BUY SILVER ABOVE 36250 TGT 36320 36380 SL BELOW 36100 SELL SILVER BELOW 36000 TGT 35950/35870 SL ABOVE 36150
Oil rose further above $60 a barrel on Wednesday, supported by expectations that OPEC and its partners will next week decide to curb supply and helped by a drop in North Sea output. The Organization of the Petroleum Exporting Countries plus Russia and other allies meet on Dec. 6-7. Producers are discussing a supply curb of 1 to 1.4 million barrels per day and possibly more, OPEC delegates have told Reuters. crude LCOc1 , the global benchmark, was up 53 cents at $60.74 a barrel at 0919 GMT and traded as high as $61.27.U.S. crude CLc1 added 41 cents to $51.97. Palm oil futures in Malaysia recovered from a more than three-year low on Wednesday, helped by a weaker ringgit but soft demand and high inventory levels kept a lid on prices.Palm touched its lowest since August 2015 on Tuesday, falling 4.4 percent over three consecutive sessions. The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange rebounded by 2.4 percent to 2,014 ringgit ($479.75) per tonne by closing time on Wednesday.Palm futures are traded in ringgit and any weakness in the currency makes them cheaper for holders of other currencies.The ringgit edged lower for a second day on Wednesday, hitting its lowest in more than a year against the dollar.But the trader said palm was likely to struggle .
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Special Report
30-Nov-2018
RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM DEC ABOVE 8800 TARGET 8815/8830/8860 SL 8740 SELL GUARGUM ABOVE DEC 8690 TARGET 8675/8660/8640 SL 8750
NCDEX INDICES Index
Barley Castor Seed Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT Jeera Mustardseed Soy Bean Turmeric
DHANIYA TRADING STRATEGY: BUY DHANIYA DEC ABOVE 6360 TARGET 6380/6400/6520 SL 6300 SELL DHANIYA DEC ABOVE 6300 TARGET 6280/6275/6260 SL 6360
Value
% Change
1880 5516 4662 6322 1944 4348.5 19375
-2.93 -3.99 -0.04 -0.93 -2.16 -2.36 -3.02
4051 3399 6404
-1.31 -1.5 -0.06
The Agriwatch Agri Commodities Index fell 1.07 per cent to 109.53 during the week ended Nov 24, 2018 from 110.71 the previous week due to a sharp fall in prices of potato and onion. Sugar, pulses and edible oils also declined while cereals and cotton gained. The base for the Index and all sub-Indices is 2014 (= 100). Six of the nine commodity group sub-Indices and 17 of the 29 individual commodity sub-Indices ended lower during the week. Oil prices on Monday clawed back some losses from a nearly 8 per cent plunge the previous session, with Brent jumping back above $60 per barrel, but sentiment remained weak amid a broad sell-off in financial markets in past weeks. Front-month Brent crude oil futures rose $1.31, or 2.2 per cent, to $60.11 per barrel by 0643 GMT. The gains partly made up for Friday's selloff, which traders have already dubbed 'Black Friday'. Reacting to Friday's falls in Brent and WTI, China's Shanghai crude futures on Monday fell by 5 per cent, hitting their daily downside-limit. The downward pressure comes from surging supply and a slowdown in demand growth which is expected to result in an oil supply overhang by next year. Australia-based MoooFarm Monday said it will train two lakh Indian dairy farmers by 2020 to develop their skills in areas like cattle nutrition with a view to increase farmers' income by at least 20 per cent. MoooFarm will train the farmers through UDAY, a skill development firm, which is its partner in India. The firm said it will also launch a hashtag called #TheColorofMilk on the occasion of National Milk Day, asking people to find the purity of milk. "Our master trainers are providing content to farmers for scaling up, which is being delivered through village-level entrepreneurs. Our target states include Uttar Pradesh, Madhya Pradesh, Rajasthan, Andhra Pradesh, Haryana .
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Special Report
30-Nov-2018
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
69.84 Yen
61.59
79.3456 GBP
89.0930
Euro USD/INR TRADING STRATEGY: USD/INR
BUY USDINR NOV ABOVE 70.05 TGT 70.15 70.25 SL 69.8 SELL USDINR NOV BELOW 69.9 TGT 69.8 69.75 SL 70.10
GBP/INR TRADING STRATEGY: BUY GBPINR NOV ABOVE 90 TGT 90.2 90.4 SL 89.8 SELL GBPINR NOV BELOW 88.95 TGT 88.85 88.75 SL 89.20
The dollar was trading at two-week highs against a currency basket on Wednesday as markets awaited fresh signals from the Federal Reserve on interest rates and developments in the U.S.-China trade war remained in focus.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, edged up 0.1% to 97.35 by 04:25 AM GMT (09:25 AM GMT), the most since Nov. 13.Investors were looking ahead to a speech by Fed Chairman Jerome Powell later in the day and the minutes of the U.S. central bank’s November meeting, due to be released on Thursday. Markets are hoping for fresh indications on the future path of interest rate increases. The Fed is widely expected to raise rates for a fourth time this year at its upcoming meeting in December and has indicated that it may raise rates three more time in 2019.But dovish sounding comments by some policymakers in recent weeks have raised the prospect that the Fed may slow the pace of future rate hikes amid concerns over the outlook for the global economy and ongoing global trade tensions.On Tuesday, U.S. President Donald Trump once again criticized Powell, whom he picked last year to lead the bank, and the Fed’s rate hikes, which he said were harming the economy.Also Tuesday, Fed Vice Chair Richard Clarida backed further rate hikes, but said the tightening path would be data dependent.Market watchers were also looking ahead to the upcoming G20 summit in Buenos Aires later this week, where Trump and his Chinese counterpart, Xi Jinping, are scheduled to discuss trade. Investors are hoping that talks could lead to a ceasefire in the trade war.Trump said earlier this week that it was "highly unlikely" he would accept China's request to hold off a planned increase in tariffs due to take effect in January. The Euro US Dollar (EUR/USD) exchange rate dipped today, and is currently trading at $1.1274, after the release of Germany’s Gfk consumer confidence survey showed a decrease for December.
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Special Report
30-Nov-2018
Date
Commodity/ Currency Pairs
29/11/18
NCDEX DHANIYA
DEC
BUY
6380
29/11/18
NCDEX DHANIYA
DEC
Sell
29/11/18
NCDEX GUARGUM5
DEC
29/11/18
NCDEX GUARGUM5
29/11/18
Contract Strategy
Entry Level
Stop Loss
Remark
6400/6420/64 60
6320
TARGET HIT
6260
6245/6230/62 15
6200
OPEN
BUY
8860
8875/8890/89 10
8800
NOT EXECUTED
DEC
SELL
8800
8780/8760/87 40
8860
TARGET HIT
MCX GOLD
DEC
BUY
30580
30630/30680
30450
NOT EXECUTED
29/11/18
MCX GOLD
DEC
SELL
30450
30420/30360
30580
NOT EXECUTED
29/11/18
MCX SILVER
DEC
BUY
36250
36320/36380
36100
NOT EXECUTED
29/11/18
MCX SILVER
DEC
SELL
36000
35950/35870
36150
NOT EXECUTED
Entry Level
Target
Stop Loss
Remark
Target
Date
Scrip
CASH/ FUTURE/ Strategy OPTION
29/11/18
NIFTY
FUTURE
BUY
10750
10820/10850
10700
NOT EXECUTED
29/11/18
MIND TREE
FUTURE
BUY
855-857
862/867
849
SL HIT
29/11/18
BHARAT FIN
FUTURE
BUY
1003
1010/1015
993
TARGET HIT
29/11/18
MIND TREE
CASH
BUY
855-857
862/867
849
SL HIT
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Special Report
30-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
WEDNESDAY, NOV. 28 8:30 am
GDP
Q3
3.5%
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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