Special Report 31-Aug-2018
Global markets at a glance Wall Street extended its rally on Wednesday, with the S&P 500 and the Nasdaq hitting record highs for the fourth straight session as technology companies pushed indexes higher and promising trade negotiations stoked investor sentiment.The FAANG group of momentum stocks also got a boost from Morgan Stanley's price target increases for Amazon.com and Alphabet Inc .Amazon's stock gained 3.4 percent, leading the consumer discretionary sector's advance, as the company edged closer to becoming the second U.S. company, after Apple, to reach $1 trillion in market value. Asian shares came under renewed pressure on Friday after reports US President Donald Trump was preparing to step up a trade war with Beijing and ready to impose more tariffs on Chinese imports.Many emerging market currencies were also frail after Argentina's peso sank on Thursday despite the central bank's interest rate hike.MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.2 percent in early trade while Japan's Nikkei dropped 0.8 percent. Previous day Roundup The Nifty50 continued to be rangebound for the second consecutive session and closed the August expiry day on a flat note with a negative bias on Thursday. The index opened flat and remained weak throughout the session, forming small bearish candle, which resembles like a 'Hammer' kind of pattern on the daily candlestick charts.The market recovered from intraday low in the late trade but that does not change the short term outlook, experts said, adding the index is expected to be weak and remained in a consolidation mode. The Nifty Midcap index continued to outperform frontline indices, rising 0.13 percent while the sectoral trend remained mixed with Nifty Bank, Auto and Financial Service falling around half a percent each. FMCG and Pharma indices gained over a percent each.The Nifty50 opened below 11,700-mark at 11,694.75, tad higher over previous day's close of 11,691.90. In early trade itself, it touched an intraday high of 11,698.80 but immediately turned lower to hit an intraday low of 11,639.70 (down 52 points) in the last hour of trade. It managed to recoup some losses in the late trade and closed 15.10 points lower at 11,676.80. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[13.55], Consumption[12.60pts],PSE[20.95pts],CPSE [5.80pts],Energy[-99.35pts],FMCG[414.40pts],Auto[49.55pts],Pharma[111.65pts],IT[4.90pts],Metal [31.00pts],Realty[1.65 pts], Fin Serv sector[-64.10pts].
World Indices Index
Value
% Change
25,986.92
-0.53
S&P500
2,900.75
-0.04
NASDAQ
8,088.36
-0.26
FTSE100
7,510.03
-0.63
22,882.46 27,882.46
-1.01 -1.01
DJI
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
Sun Pharma
639.95
18.70
3.01
GAIL
376.20
8.75
2.38
UPL
696.15
16.15
2.38
Tata Steel
608.35
14.15
2.38
ITC
319.85
7.05
2.25
CMP
Change
% Chg
27,602.15 2,926.75 253.05 9,205.80 1,016.55
-586.60 -58.75 -4.65 -162.30 -16.30
-2.08 -1.97 -1.80 -1.73 -1.58
Top Losers Company
Eicher Motors Bajaj Finance HPCL Maruti Suzuki HCL Tech
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
25690.55
159.45
0.62
3190.4
134.6
4.22
184
9.75
5.3
CUB
200.9
1.6
0.8
DELTAMAGNT
101.3
6.65
6.56
Prev. Close
Change
%Chg
28.7 4.75 16.25 994.3 20.35
-0.80 -0.20 -0.05 -2.10 -1.00
-2.79 -4.21 -0.31 -0.21 -4.91
3MINDIA ATUL AURIONPRO
Stocks at 52 Week’s LOW Symbol
AARVEEDEN ABGSHIP ABMINTLTD ACCELYA AICHAMP
Indian Indices Company
CMP
Change
% Chg
NIFTY
11676.80
-15.10
-0.13
SENSEX
38690.10
-32.83
-0.08
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Special Report 31-Aug-2018
RECOMMENDATIONS [FUTURE] 1. DIVISLAB[FUTURE ] This particular script is maintaining its uptrend and closed above its crucial support level of 1272, its showing a clear sign of cbullish continuation pattern here we advice you to buy around the levels of 1300-1302 for the targets of 13151330 with stoploss below 1288.
2. HINDUNILVER [FUTURE] The particular counter is showing a clear sign of reversal from its support level of 1755 and closed in a negative note around the levels of 1772 from the daily chart its clear that is moving in a bullish trend and this movement may continue today so we advice you to buy hindunilver future around the levels of 1772-1774 for the targets of 1785-1800 with stoploss below 1765.
STOCK RECOMMENDATION [CASH] SREINFRA [CASH] As per the daily chart this counter is showing revesal from its lower level , yesterday trading session it closed with a bullish candle above its crucial resistance level of 52.85 which shows a clear sign of change in movement here a long position can be made around the levels of 53.8554.10 for the targets of 58-60 with the stoploss below 50.
MACRO NEWS Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 28 points or 0.24 percent. Nifty futures were trading around 11,708level on the Singaporean Exchange. Top NAFTA negotiators from Canada and the United States increased the pace of their negotiations Thursday to resolve final differences to meet a Friday deadline, with their Mexican counterpart on standby to rejoin the talks soon. Despite some contentious issues still on the table, the increasingly positive tone contrasted with US President Donald Trump’s harsh criticism of Canada in recent weeks, raising hopes that the year-long talks on the North American Free Trade Agreement will conclude soon with a trilateral deal. India’s economy likely sustained strong growth momentum for a second straight quarter in April-June, but the depreciating rupee and monetary tightening pose risks for coming periods. The Reuters poll median forecast was 7.6 percent annual growth, compared with the 13-quarter low of 5.6 percent for a year earlier, when many companies cut production before the launch of a nation-wide sales tax. Indian Railways and GAIL (India) took a significant step towards expanding usage of environment-friendly fuel, natural gas across all applications of the Indian Railways by signing a Memorandum of Understanding (MoU).
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Special Report 31-Aug-2018
STOCKS IN NEWS
MOST ACTIVE CALL OPTION
Mindtree: GHD Digital and Mindtree collaborating on a broad Digital platform targeted to the property and infrastructure sectors. Partnership offers a disruptive approach to connected buildings to dramatically reduce costs and optimize experiences.
17,37,240
Mahindra Logistics: Board members approved further investment in Lords by way of an additional purchase of 2,39,220 equity shares of Lords (representing 10.12 percent of equity share capital of Lords) from the existing Shareholders of Lords.
Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
Open Interest
BANKNIFTY
CE
28,100
0.55 15,68,613
5,88,000
BANKNIFTY
CE
28,200
0.05 12,40,762
BANKNIFTY
CE
28,000
79
8,37,786
42,840
SBIN
CE
310
0.05
24,048
56,16,000
RELIANCE
CE
1,280
0.05
21,129
15,94,000
RELIANCE
CE
1,300
0.05
16,737
22,40,000
TATASTEEL
CE
600
7.4
12,007
7,05,565
ICICIBANK
CE
350
0.05
11,596
64,48,750
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST Symbol
Optio Strike n Price Type
BANKNIFTY
PE
BANKNIFTY
NIFTY FUTURE
2,83,500
LTP
Traded Volume (Contracts)
Open Interest
28,000
0.1
14,65,287
12,37,960
PE
27,900
0.05
10,79,193
13,94,880
BANKNIFTY
PE
28,100
0.05
8,28,054
4,10,800
RELIANCE
PE
1,280
3.8
18,072
RELIANCE
PE
1,260
0.05
8,695
TATASTEEL
PE
600
0.05
7,680
SBIN
PE
305
0.05
6,531
YESBANK
PE
360
0.05
6,041
As per the intraday movement nifty future is showing a 3,15,000 bounceback from its recent support level of 11660, now 12,06,000 11690 is the next resistance level for it if today it breaks 8,85,935 this level then 11780 is the next level for it so we suggest to maintain a long position from the current level for the 22,11,000 targets of 11750-11800 with stoploss below 11600. 13,19,500
FII DERIVATIVES STATISTICS BUY
SELL
OPEN INTEREST AT THE END OF THE DAY
No. of Contracts
Amount in Crores
No. of Amount in No. of Contracts Crores Contracts
Amount in Crores
NET AMOUNT
INDEX FUTURES
61674
5555.65
73051
6551.27
377867
33418.88
-995.6207
INDEX OPTIONS
969881
100926.44
977768
101621.51
780621
70835.14
-695.0732
STOCK FUTURES
546675
41257.88
534892
40534.46
1208437
93796.62
723.42
STOCK OPTIONS
136120
11230.50
138857
11390.37
149919
11627.42
-159.8765 -1127.1504
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
11730.00
11703.00
11671.00
11644.00
11612.00
BANKNIFTY
28371.00
28237.00
28099.00
27965.00
27827.00
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Special Report 31-Aug-2018
RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD OCT FUT ABOVE 30250 TGT 30350 30550 SL BELOW 30150 SELL GOLD OCT FUT BELOW 30150 TGT 30050 29850 SL ABOVE 30250
SILVER TRADING STRATEGY: BUY SILVER SEP FUT ABOVE 37200 TGT 37400 37700 SL BELOW 37000 SELL SILVER SEP FUT BELOW 36800 TGT 36600 36300 SL ABOVE 37000
COMMODITY ROUNDUP WTI Crude oil futures soared near four week high after US crude oil inventories decreased according to the US Energy Information Administration (EIA) data. According to the Weekly Petroleum Status Report, U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), decreased by 2.5 million barrels during the week ending Aug. 24. In the previous week ending Aug. 17, EIA reported a draw of 5.8 million barrels. The commercial crude oil inventories excluding SPR was 11.4% below the levels of the same week last year. The commodity also benefited from supportive US equities and currently trades at 69.69 per barrel, up 0.26% on the day. MCX Crude soared 2.50% to end at Rs 4931 per barrel as Rupee weakness boosted the counter further.US crude oil refinery inputs averaged 17.56 million barrels per day in the last week, which was 326,000 barrels per day lower than the previous week's average. MCX Zinc futures soared sharply this week amid a positive undertone in equities globally and continued weakness in Indian Rupee. The commodity tested near three week high of Rs 180 per kg before some profit selling emerged. Further weakness is expected in the metal as copper is correcting now. Losses should be limited though as Zinc has been well supported in global markets recently on depleting Chinese Zinc inventories. Shanghai Zinc inventories have been declining constantly making the buyers smell opportunities of another round of smart picking. There has been tumble of around 12% in the Zinc inventories to 30,800 tonnes last week. This is the lowest since October 2007. Meanwhile, the Indian Rupee has stayed weak, keeping the undertone positive for locally trades commodity futures recently. Yesterday, the INR had retreated sharply to hit a record low of 70.60 against the dollar, plunging by 50 paise on the day. The aluminum market has been thrust into a period of uncertainty that has become a feature of the trade in recent months because of tariffs and sanctions, a situation that seems unlikely to change.The lack of clarity began in April, when the US announced sanctions against several Russian individuals and companies, including aluminum producer UC Rusal. LME aluminum value declined for the first in six sessions in Asian exchanges on Thursday, after US President Donald Trump permitted help on aluminum moment from Argentina. US President, who put in put taxes on steel and aluminum imports, marked announcements permitting the quantities on steel from South Korea, Brazil and Argentina and on aluminum from Argentina, the US Commerce Office said in a articulation.
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Special Report 31-Aug-2018
RECOMMENDATIONS GUARGUM TRADING STRATEGY: BUY GUARGUM OCT FUT ABOVE 9250 TGT 9280 9310 SL BELOW 9220 SELL GUARGUM OCT FUT BELOW 8820 TARGET 8770-8720 SL 8850.
NCDEX INDICES Index
Value
% Change
Barley Castor Seed Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT
1612 4593 3913 4609 1627.5 4213
0.91 -0.24 -1.36 -0.13 -1.93 0.9
Jeera
19340
0.91
3955 3190 6790
-1.13 0.25 -0.15
Mustardseed Soy Bean Turmeric
A mixed trend was seen in Indian agri market today as spices counters witnessed sharp gains, while weakness was seen in pulses and grains market. On the other side, commodities like guarseed and cotton oil seed cake have also garnered some buying interest.
DHANIYA TRADING STRATEGY: BUY DHANIYA SEP FUT ABOVE 4660 TGT 4690 4720 SL BELOW 4630 SELL DHANIYA SEP FUT BELOW 4540 TARGET 4500-4470 SL 4570
In today's trading, the NCDEX Chana futures settled down by 0.68% due to subdued demand in spot markets after recent correction. Good demand has emerged in spices market as jeera prices have rebounded from lower levels. In ready markets, exporters have reported strong inquiries from last one week from Middle East and European countries. The market sources added that weak stocks of Jeera in local mandies have also supported the current rally. The NCDEX September futures added 0.90% today to settle at Rs 19145 per quintal. On the other side, poor supplies of Turmeric in local mandies of Nizamabad and Erode have aided the prices in both spot and futures market. The exporters have also shown strong interest. The NCDEX Turmeric September futures gained 0.50% to close at Rs 6802 per quintal.Strong buying interest was also seen in Guarseed in today's trading as most of the speculators are expecting some decline in Guarseed crop in the current season. The NCDEX Guarseed October futures settled at Rs 4171 per quintal, up 0.49% on the day after hitting highs above Rs 4230 per quintal in intraday moves.As per official trade data, Indonesia will keep the export tax for cocoa beans at 5 percent and for crude palm oil (CPO) at zero in September. The data stated that export tax for cocoa has been set at 5 percent since July, while exports of CPO have not been taxed in over a year. The global pepper market remained quiet last week with limited trading activity. In India and Sri Lanka however, price has moved up by around 7-8% with the Kerala flood situation triggering a massive surge in Indian markets.
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Special Report 31-Aug-2018
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
70.7329 Yen
63.3400
Euro
82.7184 GBP
92.1518
USD/INR TRADING STRATEGY: BUY USDINR ABOVE 71.60 TGT 71.90 72.20 SL BELOW 71.30 SELL USDINR BELOW 70.40 TGT 70.10 69.70 SL ABOVE 70.70
GBP/INR TRADING STRATEGY: BUY GBPINR ABOVE 92.70 TGT 93.00 93.30 SL BELOW 92.40 SELL GBPINR BELOW 90.20 TGT 89.90 89.60 SL ABOVE 90.50
The dollar was holding steady near one-month lows against a currency basket on Thursday as markets awaited trade developments, while the pound remained firm after rallying in the previous session as fears over a no-deal Brexit eased. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was at 94.45 by 03:57 AM ET (07:57 GMT), not far from Tuesday’s one-month lows of 94.34. Market sentiment continued to be supported by hopes that Canada will join the new trade agreement between the U.S. and Mexico aimed at overhauling the North American Free Trade Agreement ahead of a Friday deadline.But the new trade deal did little to indicate how a trade spat between the U.S. and China will play out after talks last week ended with little progress and both countries slapped fresh reciprocal tariffs on imports.Sterling was steady after rising above the 1.30 level against the dollar for the first time in three weeks on Wednesday after European Union negotiator Michel Barnier said the bloc was prepared to offer Britain a partnership after Brexit.GBP/USD was at 1.3028 after gaining 1.23% in the previous session, its largest one-day percentage gain since March 21.The pound was also stronger against the euro, with EUR/GBP edging down to 0.8982 after ending the previous session with a loss of 1.09%. The Indian rupee collapsed to lifetime closing lows against the dollar following heavy month-end dollar demand from importers and foreign capital outflows. The domestic currency, having traded comfortably below the Rs 70/$ mark since late last week, slipped to an intra day low of 70.65 today before closing the day at 70.57, logging its biggest single-day drop since August 13. Consistent dollar demand from banks and importers, mainly oil refiners, following higher crude oil prices, kept the rupee under pressure. Yesterday, the local currency had bounced back in a tepid fashion from the record closing low, gaining 6 paise to end at 70.10 against the US currency. Meanwhile, the dollar rose against a basket of major currencies after touching a four-week low overnight as optimism over the U.S.-Mexico trade deal gave way to caution ahead of a deadline in the China-U.S. trade dispute.
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Special Report 31-Aug-2018
Date
Commodity/ Currency Pairs
30/08/18
NCDEX DHANIYA
SEP
30/08/18
NCDEX DHANIYA
30/08/18
Contract Strategy
Entry Level
Target
Stop Loss
Remark
BUY
4660
4690 4720
4630
NOT EXECUTED
SEP
SELL
4560
4530-4500
4590
SL TRIGGERED
NCDEX GUARGUM5
OCT
BUY
9000
9030 9060
8970
NOT EXECUTED
30/08/18
NCDEX GUARGUM5
OCT
SELL
8820
8770-8720
8850
NOT EXECUTED
30/08/18
MCX GOLD
OCT
BUY
30200
30300 30500
30100
TARGET HIT
30/08/18
MCX GOLD
OCT
SELL
30050
29950 29750
30150
NOT EXECUTED
30/08/18
MCX SILVER
SEP
BUY
37200
37400 37700
37000
NOT EXECUTED
30/08/18
MCX SILVER
SEP
SELL
36900
36700 36400
37100
OPEN
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
Entry Level
Target
Stop Loss
Remark
30/08/18
NIFTY
FUTURE
BUY
11660-670
11700-11750
11620
NOT EXECUTED
30/08/18
KPIT
FUTURE
SELL
295.80-296
290-285
299
OPEN
30/08/18
BAJAJFINANCE
FUTURE
BUY
2975-2978
3000-3120
2965
SL TRIGGERED
30/08/18
BANDHANBANK
CASH
SELL
680-670
670-660
688
IN PROFIT
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Special Report 31-Aug-2018
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS TIME (ET)
REPORT
PERIOD
ACTUAL
FORECAST
PREVIOUS
MONDAY, AUG. 27 8:30 am
Chicago national activity index
July
0.43
TUESDAY, AUG. 28 8:30 am
Advance trade in goods
July
-$68.3bln
9 am
Case-Shiller home price index
June
6.4%
10 am
Consumer confidence index
Aug.
127.4
WEDNESDAY, AUG. 29 8:30 am
Gross domestic product revision
Q2
4.1%
10 am
Pending home sales
July
0.9%
THURSDAY, AUG. 30 8:30 am
Weekly jobless claims
8/25
8:30 am
Personal income
July
0.4%
8:30 am
Consumer spending
July
0.4%
8:30 am
Core inflation
July
0.1%
FRIDAY, AUG. 31 9:45 am
Chicago PMI
Aug.
65.5
10 am
Consumer sentiment index
Aug.
97.9
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