DAILY REPORT st
21 JUNE 2016
Global markets at a glance Wall Street rose on Monday, though indexes ended far from the highs of the day, in a relief advance after indications that British voters later this week will choose to remain in the EU. The day's gains were cut in more than half from the session highs, but contrasted with declines in six of the last seven sessions. The S&P 500 closed 0.6% higher after gaining as much as 1% but the advance was still the largest in nearly a month. Stocks fell sharply last week. Top European shares indexes posted their biggest rallies since August on Monday, led by heavyweight banking stocks, as weekend opinion polls boosted expectations that Britain would vote to stay in the EU. The pan-European STOXX 600 and FTSEurofirst 300 indexes both rose 3.7 percent, the biggest one day gain for each index for tenmonths. Both indexes moved back towards a level last seen earlier in June. Markets recovered from three straight weeks of falls, as recent momentum for the campaign to "leave" the European Union showed signs of waning. Asian shares got off to a tentative start on Tuesday, as investors paused after a rally triggered by growing expectations that British voters will opt to remain in the European Union in this week's referendum. MSCI's broadest index of Asia-Pacific shares outside Japan was narrowly positive in early trading, while Japan's Nikkei stock index slipped 0.7% as the perceived safe-haven yen clawed back some of its losses of the previous session as risk appetite rebounded.
World Indices Index
Value
% Change
DJI S&P500 NASDAQ FTSE100 NIKKEI
17757.00 2080.25 4837.22 6131.50 16026.08
+0.25 +0.29 +0.77 -0.31 +0.38
HANG SENG
20610.24
+0.49
Top Gainers Company
CMP
Change
% Chg
TATAMOTORS
482.60
18.20
3.92
TATASTEEL
336.75
11.30
3.47
AMBUJACEM
242.70
6.80
2.88
TATAMTRDVR
320.70
8.55
2.74
1207.00
27.50
2.33
CMP
Change
% Chg
522.25 993.00 738.35 18665.05 357.70
-4.56 -6.60 -4.85 -114 -2.15
-0.88 -0.66 -0.65 -0.61 -0.60
Prev. Close
Change
%Chg
1568.10
12.70
0.82
ARMANFIN
238.95
9.45
4.12
ASPINWALL
204.15
9.70
4.99
0.10
0.00
0.00
117.50
5.00
4.44
CINELINE
58.00
2.75
4.98
DECCANCE
948.0
22.25
2.40
Prev. Close
Change
%Chg
0.10 114.00 1.50
0.00 -22.30 -0.05
0.00 -16.36 -3.23
CMP
Change
% Chg
8238.50 26866.92
+68.30 +241.01
+0.84 +0.91
INFY
Top Losers Company
AXISBANK ASIANPAINTS SUNPHARMA EICHERMOT ITC
Stocks at 52 Week’s HIGH Symbol
Previous day Roundup The market ended higher after a smart rally throughout the day. The Sensex ended up 241.01pts or 0.9% at 26866.92, and the Nifty up 68.30pts or 0.8% at 8238.50. About 1381 shares have advanced, 1194 shares declined, and 193 shares are unchanged. Equity benchmarks gained nearly 1% on Monday, tracking rally in global peers after receding fears of a Brexit vote. Raising FDI limits in various sectors also boosted sentiment but market shrugged off RBI Governor's exit. Indices started off on a negative note following Rajan's exit but immediately recovered on positive global cues. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 60.11 pts], Capital Goods [up 180.94 pts], PSU [up 35.47 pts], FMCG [down 4.74 Pts], Realty [up 15.50 pts], Power [up 6.06 pts], Auto [up 287.48 pts], Healthcare up 41.53 pts], IT [up 226.25 pts], Metals [up 117.12 Pts], TECK [up 119.70 pts], Oil& Gas [up 55.76 pts]. YOUR MINTVISORY
ACC
BIRLACOT CHAMFALKAL
Stocks at 52 Week’s LOW Symbol
BIRLACOT CGCL ERAINFRA
Indian Indices Company
NIFTY SENSEX
Call us at +91-731-6642300
DAILY REPORT st
21 JUNE 2016
STOCK RECOMMENDATIONS [FUTURE] 1. ACC [FUTURE]
STOCK RECOMMENDATION [CASH] VEDL [CASH]
On daily chart VEDL is trading in upside channel and yesterday session it has given a good upside move rose with decent volumes and is expected to follow the upside move to 133 level. So we advise to buy it above 129.50 for the targets of 131.50 132.50 with stop loss below 127
Last trading session ACC future show good strength and close near day high with bullish candlestick in daily chart. since last session it rose with rising OI in long side and last day stock close near major resistance level. We may see sharp rise for that it will be good to buy above 1582 for the target of 1595-1620 with SL of 1562. 2. YESBANK [FUTURE]
Last trading session YESBANK future show good strength and close with bullish candlestick in daily chart. And stock give sharp recovery at lower level and close near day high. And stock close near 52 week high, We may see sharp rise for that it will be good to buy above 1083 for the target of 1089 -1098 with SL of 1071. YOUR MINTVISORY
MACRO NEWS India's April tea output drops 14.7 per cent y/y . Auto component maker Subros resumes full supply to Maruti. Govt relaxes FDI norms, allows 100% in defence, aviation New FDI norms: Apple eligible for 8-year sourcing waiver Eros to acquire 50 per cent stake in Puja Entertainment. HCC plans to raise Rs 1,000 cr via securities. Healthcare industry's IT spend to grow 3.4% to $1.2 bn. SREI Infra focus on growing equipment finance biz at over 25-30%. JLR bets on petrol, launches Discovery Sport variant at Rs 56 lakh. CLP India and Suzlon form JV for Veltoor solar project in Telangana. Telcos better network quality, more to be done for call drops: Trai. Tata Comm puts ATM biz on block Eyes valuation of 1350 cr; approaches buyers in japan and US IndusInd Bank In advanced talks to buy 1000 cr worth NPAs from Spandana Sphoorty Financial Aviation stocks in focus: May passenger growth very strong, up 22% at 87 lakh passengers Apollo Hospitals ties Up with Hainan Ecological Smart City Group RCom/Aircel merger talks extended by a couple of weeks Positive for Indian coffee makers as Rains spoil Brazil Coffee harvest Auto companies shunning recall may face penalties Govt Leaves Interest Rate For Small Savings Schemes For July-Sept Unchanged Essel Group - GS Fund to invest $250 million in Essel Highways QSRs like Westlife, Britannia, Jubilant food: Food Regulator Removes Two Additives From The Permissible List Call us at +91-731-6642300
DAILY REPORT st
FUTURES & OPTIONS
21 JUNE 2016
MOST ACTIVE CALL OPTION Symbol
Op- Strike tion Price Type
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
CE
8300 70.80
3,74,876
64,24,500
NIFTY
CE
8200 126.00
2,64,837
37,35,300
BANKNIFTY
CE
18000 40.05
74,490
3,26,040
SBIN
CE
210 10.65
8,003
85,84,000
INFY
CE
1200 23.00
3,535
5,09,500
TATAMOTOR
CE
480 14.05
3,383
11,79,000
RELIANCE
CE
980 20.85
3,112
8,12,000
LT
CE
1500 38.10
3,047
4,28,700
LTP
Traded Volume (Contracts)
Open Interest
STOCKS IN NEWS Cadila Healthcare gains 2% as arm acquires 2 ANDAs from US firm. Eros to buy 50% stake in Vashu Bhagnani's Puja Films. Auto component maker Subros resumes full supply to Maruti. Zydus acquires two ANDAs from Teva Pharmaceutical. S&P downgrades Rolta credit rating to default. HCC plans to raise Rs 1,000 cr via securities. TCS, Sernova Financial enter into strategic partnership Andhra Bank to raise 1000 cr from bonds Adequate reserves deal with $20bn FCNR redemption NIFTY FUTURE
MOST ACTIVE PUT OPTION Symbol
Op- Strike tion Price Type
NIFTY
PE
8100 48.25
2,77,724
61,66,125
NIFTY
PE
8,000 30.85
2,46,533
81,27,550
BANKNIFTY
PE
17500 56.50
79,716
2,45,310
LT
PE
1450 12.75
1,812
4,20,300
SBIN
PE
210
4.85
6,011
39,08,000
TATAMOTOR
PE
460
5.35
1,931
12,63,000
RELIANCE
PE
960
5.15
1,757
7,42,500
SBIN
PE
195
1.65
1,608
24,36,000
Tracking rally in global peers after receding fears of a Brexit vote brought the Index up. NIFTY FUTURE in yesterday trading session remained upside all the day. Raising FDI limits in various sectors also boosted sentiment. It seems that the rally may continue till 8320. So we advise you to buy Nifty above 8260 for the targets of 8310 and 8400 with strict stop loss of 8170.
FII DERIVATIVES STATISTICS BUY
SELL
OPEN INTEREST AT THE END OF THE DAY
No. of Amount in No. of Amount in No. of Contracts Crores Contracts Crores Contracts
Amount in Crores
NET AMOUNT
INDEX FUTURES
40071
2379.46
63827
3715.41
238860
14418.39
-1335.96
INDEX OPTIONS
453061
26458.97
470355
27513.47
1163478
71095.99
-1054.50
STOCK FUTURES
95252
4946.32
90010
4656.30
1089340
54654.31
290.02
STOCK OPTIONS
63557
3293.28
63910
3299.47
112859
5896.51
-6.18
TOTAL
-2106.62
INDICES NIFTY BANKNIFTY YOUR MINTVISORY
R2
R1
PIVOT
S1
S2
8333.40
8285.90
8196.60
8149.10
8059.80
17994.00
17856.00
17640.00
17502.00
17286.0
Call us at +91-731-6642300
DAILY REPORT st
21 JUNE 2016
MCX
RECOMMENDATIONS GOLD
TRADING STRATEGY: BUY GOLD ABOVE 30740 TARGET 30850 31000 SL 30650 SELL GOLD BELOW 30650 TARGET 30550 30400 SL 3075
SILVER
TRADING STRATEGY: BUY SILVER ABOVE 41860 TARGET 41970 42150 SL 41620 SELL SILVER BELOW 41600 TARGET 41400 41200 SL 41860 YOUR MINTVISORY
COMMODITY ROUNDUP Gold tumbled further today as a drop from two year highs extended amid soaring equities. European stocks led gains in world stocks after polls over the weekend showed resurgence in support for the UK staying in EU ahead of the 23 June Brexit referendum. Major indices in Europe are up about 3% on the day. Brexit refers to the referendum on 23 June 2016 by British voters to decide whether the country should remain a member of the European Union or leave it. The yellow metal had failed to hold on above $1300 per ounce in last week and a drop under the key mark pulled the metal further. The commodity quotes at $1285 per ounce, down about 0.70% on the day. MCX Gold futures are trading at Rs 30470 per 10 grams, down 0.43% on the day. The rise in the weekly net speculator positions was due to a gain in the weekly bullish positions by +51,869 contracts that easily overtook the gain in the weekly bearish positions by just +626 contracts. In the commercial positions for gold on the week, the commercials increased their overall bearish positions to a net total position of -298,077 contracts through June 14th. This was a weekly change of -54,385 contracts from the total net position of -243,692 contracts. Oil rallied on Monday, lifted by a wave of investor confidence and a weaker dollar after polls showed a diminishing chance that Britain may vote to leave EU later this week. August Brent crude futures were up 85 cents at $50.02 a barrel by 10:55 GMT, set for a gain of six per cent in two trading days. NYMEX crude for July delivery, which expires on Tuesday, was up 80 cents at $48.78 a barrel. MCX Copper, Copper was trading at Rs 310.95 per kg, down 1.95%. Copper got underpinned at the start of the week. The activity of Merchants was in favor of increasing long positions for the week ending 14 June 2016. Meanwhile, decrease in long positions of Copper was noted by Money Managers in the latest report by CoT for the week ending 14 June 2016. Short positions were decreased by Merchants and increased by Money Managers. The long positions of Merchants were 56765 on 14 June 2016 against 53469 on 7 June 2016, while short positions decreased to 55298 on 14 June 2016 against 59914 on 7 June 2016. Overall the net positions in case of merchants are favoring shorts by 1467. CoT showed that the long positions of Money Managers decreased by 2059. The total long positions of Copper for the one week period ending 14 June 2016 was 31338 compared to 33397 on 7 June 2016. Short position of Copper money managers increased by 7969 lots to 78683 on 14 June 2016 against 70704 on 7 June 2016. The net positions were in favour of long position holders by 47345. Call us at +91-731-6642300
DAILY REPORT st
21 JUNE 2016
NCDEX
RECOMMENDATIONS DHANIYA
BUY CORIANDER JULY ABOVE 7050 TARGET 7095 7195 SL BELOW 6985 SELL CORIANDER JULY BELOW 6950 TARGET 6905 6805 SL ABOVE 7015 GUARGUM
NCDEX INDICES Index
Value
% Change
BARLEY CHANA CORIANDER COTTON SEED GUAR SEED JEERA MUSTARDSEED REF SOYA OIL SUGAR M GRADE TURMERIC
1570 7069 6923 2500 3010 17595 4640 631.05 3626 7980
+0.64 +2.99 +0.83 -0.20 +0.53 +3.17 +1.09 +0.37 -0.36 +0.91
Mentha oil prices drifted lower by 0.46% to Rs 839.20 per kg in futures trade as participants booked profits at prevailing levels amid easing demand in the spot market. At MCX, mentha oil for delivery in current month fell by Rs 3.90 or 0.46% to Rs 839.20 per kg in a business turnover of 89 lots. The oil for delivery in July shed Rs 3.30 or 0.39% to Rs 850 per kg in 24 lots. Besides profit booking by traders at existing levels, fall in demand in the spot market against adequate stocks position mainly led to the fall in mentha oiL. Global Soybeans futures tumbled today as a drop from two year highs extended. However, a dull start to Indian sowing season and sustained uptick in global Crude oil futures are likely to trim losses for Soybeans. The benchmark CMEGLOBEX Soybeans futures dropped 1.50% to trade at $11.31 per bushel right now. Meanwhile, in India, Kharif sowing has started on a cautious note. Preliminary reports of crop coverage in the kharif season have started coming in. The total sown area as on 17th June, as per reports received from States, stands at 84.21 lakh hectare as compared to 93.63 lakh hectare at this time last year. The acreage under oilseeds is at 1.88 lakh hectares as compared to 2.92 lakh hecatres at the same time last year. Global Soybeans prices soared in last few days as Brazilian supply fears and a generous rise in global crude oil prices boosted sentiments. Brazilian soybean stocks have dropped after heavy exports over last few months and the upcoming harvest is seen taking a hit as well.
BUY GUARGUM JULY ABOVE 5380 TARGET 5430 5500 SL BELOW 5320 SELL GUARGUM JULY BELOW 5300 TARGET 5250 5180 SL ABOVE 5360 YOUR MINTVISORY
Maize prices in Gulabbagh are trading at Rs 1,445 a quintal. Prices are expected to trade higher towards Rs 1,470 a quintal in a couple of weeks following steady demand from end users, fall in arrivals in Bihar and lower rabi production in South India. Stocks with end users were reportedly lower, which would support the prices moving ahead. Call us at +91-731-6642300
DAILY REPORT st
21 JUNE 2016
CURRENCY RBI Reference Rate
Currency
Rate Currency
Rate
Rupee- $
67.408 Yen-100
64.440
Euro
76.535 GBP
98.153
USD/INR
BUY USD/INR JUN ABOVE 67.53 TARGET 67.66 67.81 SL BELOW 67.33 SELL USD/INR JUN BELOW 67.4 TARGET 67.27 67.12 SL ABOVE 67.6 EUR/INR
CURRENCY MARKET UPDATES: The pound edged down 0.1 percent to USD 1.4666 after it rose as high as USD 1.4721 on Monday, extending a recovery from last Thursday's more than two-month trough of USD 1.4013. The dollar slipped 0.1 percent to 103.85 yen, moving back toward Thursday's nearly two-year low of 103.55 hit after the Bank of Japan held policy steady and disappointed investors hoping for more stimulus. The euro gained 0.1 percent to USD 1.1324. Later in the session, Germany's constitutional court will rule on the emergency bond-buying plan devised by the European Central Bank during the financial crisis. An outright rejection of the programme is viewed as unlikely, but the ruling could potentially upset the ECB's current programme and roil markets. The latest data for the weekly COT report, released by the CFTC on Friday, showed that large traders and currency speculators sharply trimmed their bullish positions in the US dollar although overall dollar positions remained in bullish territory for a fourth week. Non-commercial large futures traders, including hedge funds and large speculators, had an overall US dollar long position totaling +$2.72 billion as of Tuesday June 14th, according to the latest data from the CFTC. This was a weekly change of -$8.58 billion from the +$11.30 billion. The rupee pared its initial losses, but was still trading down by 29 paise at 67.37 against the American currency in late morning deals after RBI Governor said no to a second term in the post. Sustained bouts of dollar demand from banks and importers amid bearish US dollar overseas also weighed on the rupee. The Indian unit opened sharply lower by 57 paise at 67.65 against last Friday’s closing level of 67.08 at the Interbank Forex market. The domestic unit hovered in a range of 67.70 and 67.32 during the morning deals before quoting at 67.37 at 1040 hrs.
BUY EUR/INR JUN ABOVE 76.53 TARGET 76.68 76.88 SL BELOW 76.33 SELL EUR/INR JUN BELOW 76.42 TARGET 76.27 76.07 SL ABOVE 76.62 YOUR MINTVISORY
The dollar index was trading down 0.48 per cent at 93.48 against a basket of six currencies in the early trade. The US dollar fell for the fourth day in a row early today, trading lower against most major currencies, making the dollarpriced commodity cheaper for those using other currencies and pushing up the demand. Call us at +91-731-6642300
DAILY REPORT st
21 JUNE 2016
Date
Commodity/ Currency Pairs
Contract
Strategy
Entry Level
Target
Stop Loss
Remark
20/06/16
NCDEX DHANIYA
JULY
BUY
7000
7045-7145
6935
NOT EXECUTED
20/06/16
NCDEX DHANIYA
JULY
SELL
6930
6885-6785
6995
SL TRIGGERED
20/06/16
NCDEX GUARGUM
JULY
BUY
5430
5480-5550
5370
NOT EXECUTED
20/06/16
NCDEX GUARGUM
JULY
SELL
5240
5190-5120
5300
BOOKED PROFIT
20/06/16
MCX GOLD
AUG.
BUY
30650
30750-30900
30530
NO PROFIT NO LOSS
20/06/16
MCX GOLD
AUG.
SELL
30560
30460-30310
30680
BOOKED PROFIT
20/06/16
MCX SILVER
JULY
BUY
41475
41675-41950
41251
BOOKED PROFIT
20/06/16
MCX SILVER
JULY
SELL
41300
41100-40825
41524
NOT EXECUTED
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
Entry Level
Target
Stop Loss
Remark
20/06/16
NIFTY
FUTURE
SELL
8145
8085-8000
8260
SL TRIGGERED
20/06/16
KOTAKBANK
FUTURE
SELL
747
742-735
755
BOOKED PROFIT
20/06/16
HDIL
FUTURE
BUY
103.7
105-108
101
BOOKED PROFIT
20/06/16
IDEA
CASH
BUY
102.5
103.5-104.5
100
BOOKED PROFIT
17/06/16
JUBLFOOD
FUTURE
BUY
1080
1095-1120
1060
CALL OPEN
17/06/16
NIFTY
FUTURE
SELL
8170-8190
8080-8000
8320
CALL OPEN
15/06/16
NIFTY
FUTURE
SELL
8150
8070-8000
8250
SL TRIGGERED
YOUR MINTVISORY
Call us at +91-731-6642300
DAILY REPORT st
ECONOMIC CALENDAR
21 JUNE 2016
NEXT WEEK'S U.S. ECONOMIC REPORTS TIME
REPORT
PERIOD
ACTUAL
CONSENSUS FORECAST
PREVIOUS
MONDAY, JUNE 20 NONE SCHEDULED TUESDAY, JUNE 21 10 AM
JANET YELLEN TESTIMONY WEDNESDAY, JUNE 22
10 AM
EXISTING HOME SALES
MAY
5.64 MLN
5.45 MLN
THURSDAY, JUNE 23 8:30 AM
WEEKLY JOBLESS CLAIMS
6/18
N/A
N/A
8:30 AM
CHICAGO FED NATIONAL INDEX
MAY
--
0.10
9:45 PM
MARKIT PMI FLASH
JUNE
--
50.7
10 AM
NEW HOME SALES
MAY
555,000
619,000
10 AM
LEADING INDICATORS
MAY
--
0.6%
FRIDAY, JUNE 24 8:30 AM
DURABLE GOODS ORDERS
MAY
-0.8%
3.4%
8:30 AM
CORE CAPITAL GOODS ORDERS
MAY
--
-0.6%
10 AM
CONSUMER SENTIMENT
JUNE
--
94.3
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