Special Report
29-Nov-2018
Global markets at a glance
World Indices
Federal Reserve Chair Jerome Powell boosted US stock markets on Wednesday when he said the policy rate is now “just below” estimates of a level that neither brakes nor boosts a healthy economy, comments that many took as signalling the Fed’s three-year tightening cycle is drawing to a close.The S&P 500 and Dow posted their biggest percentage gains in eight months, while the Nasdaq saw its largest advance in just over a month following Powell’s speech to the Economic Club of New York.
Index
Value
% Change
DJI
25316
-0.07
S&P500
2749
+2.30
NASDAQ
7291
+2.86
FTSE100
7004
-0.18
22177.02 26682.56
+1.01 +1.31
NIKKEI HANG SENG
Top Gainers Company
The Dow Jones Industrial Average rose 617.7 points, or 2.5 percent, to 25,366.43, the S&P 500 gained 61.61 points, or 2.30 percent, to 2,743.78 and the Nasdaq Composite added 208.89 points, or 2.95 percent, to 7,291.59. Asian stocks rose on Thursday tracking a Wall Street rally as dovish comments from Federal Reserve Chair Jerome Powell boosted investor sentiment towards riskier assets. The Fed chair said on Wednesday that US policy rates were “just below” neutral, less than two months after saying rates were probably “a long way” from that point. PREVIOUS DAY ROUNDOFF It’s another positive close for the market, making it third consecutive session of gains. The Nifty ended above 10,700 -mark. A surge in IT names along with rally in select index heavyweights boosted the market. Among sectors, IT and energy were the top gainers, while auto, consumption, infra, and metals ended in the red. The Nifty Midcap index, too, closed with cuts of a percent. At the close of market hours, the Sensex closed up 203.81 points or 0.57% at 35716.95, while the Nifty shut down lower by 36.20 points or 0.34% at 10721.80. The market breadth was negative as 996 shares have, against a decline of 1,576 shares, while 157 shares were unchanged. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[-0.98pts], Consumption[-0.48pts],PSE[-2.21pts],CPSE[-3.19pts],Energy [+0.56pts],FMCG[-0.77pts],Auto[-0.75pts],Pharma[0.48pts],IT[+2.86pts],Metal[-1.0pts],Realty[-1.43 pts], Fin Serv sector[+0.95pts].
CMP
Change
% Chg
1,983.90
93.65
4.95
666.4
27.5
4.3
477.45
18.15
3.95
Reliance
1,152.65
24.45
2.17
HCL Tech
1,043.10
19.95
1.95
CMP
Change
% Chg
162.1 Yes Bank 320.15 BPCL 314.1 Bharti Airtel 134.05 IOC 174.45 Tata Motors Stocks at 52 Week’s HIGH
-20.55
-11.25
-15.35
-4.58
-14.05
-4.28
-4.4
-3.18
-5.6
-3.11
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
TCS Infosys Zee Entertain
Top Losers Company
ELECTROSL
LIQUIDETF VINDHYATEL
Stocks at 52 Week’s LOW Symbol
AIFL ALCHEM AMTEKAUTO
Indian Indices Company
CMP
Change
% Chg
NIFTY
10728.85
43.25
+0.40
SENSEX
35716.95
203.81
+0.57
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Special Report
29-Nov-2018
RECOMMENDATIONS [FUTURE] 1. MINDTREE (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 855-857 target 862/867 Sl 849
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. BHARAT FIN [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 Bullish candle. In last trading session a large bullish candle form with strong volume . After analysis of derivative data its indicate that traders view is to Buy the stock . Our recommendation is to Buy stock future from 1003 Target 1010/1015 Sl 993 .
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Special Report
29-Nov-2018
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
BANKNIFTY
CE
26,500
BANKNIFTY
Jet Airways - clarified that on news of Jet Airways shares surge on report of Naresh Goyal's exit is speculative in nature
LTP
Traded Volume (Contracts)
Open Interest
48
9,31,626
10,29,600
CE
26,600 22.95
8,98,103
BANKNIFTY
CE
26,700
10.3
6,77,803
RELIANCE
CE
1,140 12.35
26,837
RELIANCE
CE
1,160
3.7
21,319
YESBANK
CE
180
0.45
20,319
Bharat Financial Inclusion: Company assigned a pool of 8,65,180 receivables of an aggregate value of Rs 827.76 crore to 6,62,640 one of the largest private sector banks on a direct assignment basis. This is the third direct assignment 13,28,000 transaction in FY19. 16,00,000 31,92,000 NIFTY FUTURE
YESBANK
CE
190
0.35
12,615
29,85,500
MARUTI
CE
7,700
7.2
12,597
Nifty 50 on Tuesday Strong Buying pressure in market 1,11,825 from lower level . Nifty broke the resistance level 10750 but can not sustain . Fresh buying seen fron lower MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 2,83,500 MOST level .Our recommendation is to Buy the nifty future in Symbol Optio Strike LTP Traded Open range of 10750 Target 10820 /10850 SL 10700 ..Buy on n Price Volume Interest dips strategy use by traders. Type
(Contracts)
BANKNIFTY
PE
26,400
78.8
7,99,595
5,86,760
BANKNIFTY
PE
26,300
42
7,76,134
8,00,120
BANKNIFTY
PE
26,200
23
6,32,528
8,36,140
RELIANCE
PE
1,120
0.8
16,570
14,08,500
YESBANK
PE
160
3.65
15,661
35,08,750
YESBANK
PE
170
9.6
15,450
18,56,750
RELIANCE
PE
1,140
3.65
13,602
9,13,500
RELIANCE
PE
1,100
0.4
8,678
10,50,000
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 NIFTY BANKNIFTY
R2
R1
PIVOT
S1
S2
10786.8
10757
10728
10699
10670
26657
26555
26487
26390
26322
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Special Report
29-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
29-Nov-2018
RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM DEC ABOVE 8860 TARGET 8875/8890/8910 SL 8800 SELL GUARGUM ABOVE DEC 8800 TARGET 8780/8760/8740 SL 8860
NCDEX INDICES Index
Value
% Change
Barley Castor Seed Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT
1886 5566 4696 6148 1941 4312
-0.32 -1.47 -0.62 2.96 -0.33 0.9
19375
-0.13
4063 3366 6412
-0.32 0.92 -0.12
Jeera Mustardseed Soy Bean Turmeric
DHANIYA TRADING STRATEGY: BUY DHANIYA DEC ABOVE 6380 TARGET 6400/6420/6460 SL 6320 SELL DHANIYA DEC ABOVE 6260 TARGET 6245/6230/6215 SL 6200
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
29-Nov-2018
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
70.66 Yen
62.09
Euro
79.69 GBP
90.3647
USD/INR TRADING STRATEGY: USD/INR BUY USDINR NOV ABOVE 70.75 TGT 70.85 70.95 SL 70.50 SELL USDINR NOV BELOW 70.6 TGT 70.5 70.45 SL 70.85
GBP/INR TRADING STRATEGY: BUY GBPINR NOV ABOVE 90.5 TGT 90.6 90.8 SL 90.20 SELL GBPINR NOV BELOW 90.20 TGT 90.10 90 SL 90.45
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
29-Nov-2018
Date
Commodity/ Currency Pairs
28/11/18
NCDEX DHANIYA
DEC
BUY
6200
28/11/18
NCDEX DHANIYA
DEC
Sell
28/11/18
NCDEX GUARGUM5
DEC
28/11/18
NCDEX GUARGUM5
28/11/18
Contract Strategy
Entry Level
Stop Loss
Remark
6215/6235/62 60
6140
TARGET HIT
6130
6115/6100/60 70
6190
NOT EXECUTED
BUY
8780
8795/8810/88 30
8760
SL HIT
DEC
SELL
8680
8645/8620/86 00
8720
NOT EXECUTED
MCX GOLD
DEC
BUY
30580
30630/30680
30450
NOT EXECUTED
28/11/18
MCX GOLD
DEC
SELL
30370
30300/30270
30450
TARGET HIT
28/11/18
MCX SILVER
DEC
BUY
36000
36050/36120
35900
NOT EXECUTED
28/11/18
MCX SILVER
DEC
SELL
35800
35750/35700
35900
TARGET HIT
Entry Level
Target
Stop Loss
Remark
Target
Date
Scrip
CASH/ FUTURE/ Strategy OPTION
28/11/18
NIFTY
FUTURE
BUY
10670
10700/10720
10620
TARGET HIT
28/11/18
HERO MOTO
FUTURE
BUY
3030
3070/3100
3000
NOT EXECUTED
28/11/18
GODREJ CP
FUTURE
BUY
760
770/780
740
Open
28/11/18
GODREJ CP
CASH
BUY
760
770/780
750
SL HIT
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Special Report
29-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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