DAILY REPORT nd
22 JUNE 2016
Global markets at a glance European markets gained after a mixed trade. Germany's DAX gained 0.6 percent and France's CAC rose 0.7 percent. Asia ended mixed with Nikkei rising 1.3 percent and Hang Seng 0.77 percent while Shanghai fell 0.3 percent. European shares fell in early trading on Tuesday after a sharp rally in the previous session, with the market coming under pressure following a drop in mining and energy shares. The Pan-European FTSEurofirst 300 and the STOXX Europe 600 indexes were both down 0.4% by 0712 GMT after surging around 3.7% in the previous session. Britain's commodityheavy FTSE 100 index dropped 0.6 percent after a fall in the prices of industrial metals, with copper slipping 0.5 percent on concerns about global oversupply. The STOXX Europe 600 Basic Resources index, which surged more than 4 percent in the previous session, was down 1 percent, the biggest sectoral decliner. The European energy index fell 0.5 percent, tracking weaker oil prices. UK falling into recession, sharp depreciation of pound are other risk factors. Britain is voting on Thursday on whether it wants to remain as a part of the European Union or exit. Markets are worried, because if a country like Britain exits EU, others could follow, and demand to exit could go up. Previous day Roundup The market has seen small bouts of profit booking amid consolidation on Tuesday after rallying nearly a percent in previous session due to easing of Brexit worries. Banks, infra, healthcare and select IT stocks lost momentum while textile shares hogged the limelight. The Sensex fell 54.14 points to 26812.78 and the Nifty declined 18.60 points to 8219.90 while the BSE Midcap and Smallcap indices outperformed, up 0.12% & 0.36%, respectively. The market may remain rangebound till the Britain's referendum on June 23that will decide whether UK to stay in EU already priced in the easing of Brexit concerns but there can be further rally if Britain remains in 28-member union. Meanwhile, textile stocks rallied smartly in last hour of trade after sources told that Cabinet will clear textile policy on Wednesday. Focus will be on incentivizing garment manufacturing and create jobs. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 45.30 pts], Capital Goods [down 58.08 pts], PSU [down 3.99 pts], FMCG [down 7.27 Pts], Realty [ down 0.09 pts], Power [down 13.72 pts], Auto [up 113.42 pts], Healthcare [down 59.46 pts], IT [down 14.59 pts], Metals [down 13.04 Pts], TECK [down 10.56 pts], Oil& Gas [up 32.63 pts]. YOUR MINTVISORY
World Indices Index
Value
% Change
DJI S&P500 NASDAQ FTSE100 NIKKEI
17727.00 2078.75 4843.76 6179.50 15998.80
-0.06 -0.08 +0.14 -0.22 -1.05
HANG SENG
20633.96
-0.17
Top Gainers Company
CMP
Change
% Chg
HINDALCO
123.25
2.20
1.82
INFRATEL
346.50
5.85
1.72
ONGC
216.55
2.70
1.26
TATAMTRDVR
324.00
3.85
1.20
1363.85
13.00
0.96
CMP
Change
% Chg
720.70 73.35 151.65 534.60 203.2
-17.60 -1.70 -2.80 -9.70 -3.60
-2.38 -2.27 -1.81 -1.78 -1.74
Prev. Close
Change
%Chg
1558.20
-11.59
-0.76
132.50
-2.00
-1.49
ARSSINFRA
63.95
3.15
5.18
BALAMINES
259.90
4.65
1.82
BIRLACOT
0.10
0.00
0.00
CINELINE
60.90
2.90
5.00
943
-4.75
-0.50
Prev. Close
Change
%Chg
0.05 5.30 151.90
0.00 0.00 0.00
0.0 0.00 0.00
CMP
Change
% Chg
8219.90 26812.78
-18.60 -54.14
-0.23 -0.20
M&M
Top Losers Company
AUROPHARMA TATAPOWER NTPC TECHM ADANIPORTS
Stocks at 52 Week’s HIGH Symbol
ACC ALANKIT
DECCANCE
Stocks at 52 Week’s LOW Symbol
BIRLACOT GEINDSYS GLOBALOFFS
Indian Indices Company
NIFTY SENSEX
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DAILY REPORT nd
22 JUNE 2016
STOCK RECOMMENDATIONS [FUTURE] 1. ARVIND [FUTURE]
STOCK RECOMMENDATION [CASH] WELSPUN INDIA [CASH]
On the daily chart WELSPUN INDIA has taken reversal from the trend line support level of 105 rose with heavy volumes and is trading in bullish channel also ,for this it is a good buy opportunity for the day . So we advise to buy WELSPUN INDIA above 110.50 for the targets of 112 113 with stop loss below 108.
Last trading session ARVIND future show good strenth and close near day high with bullish candlestick in daily chart. since last session it rose with rising OI 21% in long side and last day stock cross major resistance level. We may see sharp rise for that it will be good to buy above 330 for the target of 335-345 with SL of 322. 2. AUROPHARMA [FUTURE]
Last trading session AUROPHARMA future gave Negative performance in whole pharma sector and stock break last 3 week range and close near day low with bearish candlestick in daily chart. and stock hava a next major support level is 720. We may see sharp fall ahead. so it will be sell below 720 for the target of 713-705 with SL of 735 YOUR MINTVISORY
MACRO NEWS AGMs today: HUL, Biocon, Corporation Bank Max Ventures listing today SEBI begins probe against CARE, CRISIL on rating suspension FSSAI bans use of potassium bromate as food additive . Indian IT industry braces for short term impact of Brexit World Bank pins hopes on monsoon for 7.6% growth. Textile shares rally; Arvind, Raymond up 5%. Brookfield, State Bank of India mulling stressed asset ventures. Will cross revenues of over Rs 20,000 cr by 2020: Patanjali MD. Asian Paints plant in Andhra Pradesh to have higher capacity . Nifty PSU Bank index hits over four-month high 3 Gujarat discoms bag top performance rating for FY15 CCI approves Future Consumer and Grasim deal Asian Paints Revised plans for capacity expansion at Andhra plant Vijay Mallya resigns from Bayer Cropscience's board with effect from June 30th 2016 USL has asked UBHL to repay `1655 cr loan. USL seeks shareholders nod again to report sick to BIFR Maruti ramps up Baleno production Bajaj Finance and Future Group announced launch of a co branded store card Brookfield in talks with SBI to form a JV to invest in stressed assets Circuit filter revised from 20% to 10% - Gammon India, Mandhana Industries Sobha Buy Back to Open on Jun 29 to Close on Jul 13 Call us at +91-731-6642300
DAILY REPORT nd
FUTURES & OPTIONS
22 JUNE 2016
MOST ACTIVE CALL OPTION Symbol
Op- Strike tion Price Type
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
CE
830 55.10
2,26,108
62,06,025
NIFTY
CE
8400 24.10
1,42,738
59,20,725
BANKNIFTY
CE
18000 10.30
1,33,425
4,85,760
SBIN
CE
220
3.90
4,36
65,20,000
RELIANCE
CE
1000
9.45
3,560
24,30,500
JETAIRWAYS
CE
600
8.55
2,654
8,27,100
ASHOKLEY
CE
105
1.40
2,308
66,08,000
PNB
CE
100
1.65
2,220
30,36,000
LTP
Traded Volume (Contracts)
Open Interest
STOCKS IN NEWS Asian Paints plant in Andhra Pradesh to have higher capacity YES Bank plans to raise $1 billion from international markets . Tata Housing sells over 200 flats in Gurgaon for Rs 300cr Tata Power unit Tata Power Renewable Wins 30 MW Project In Maharashtra SKS Microfinance completes Securitization Transaction of 213.6 Cr NIFTY FUTURE
MOST ACTIVE PUT OPTION Symbol
Op- Strike tion Price Type
NIFTY
PE
8100 53.30
1,61,513
62,23,950
NIFTY
PE
8200 85.00
1,47,139
40,15,350
BANKNIFTY
PE
17500 62.20
72,762
17,619.10
LT
PE
1450 14.90
1,282
3,66,900
SBIN
PE
210
5.30
2,161
35,86,000
TATAMOTOR
PE
480 10.50
1,281
5,71,500
RELIANCE
PE
960
6.00
1,202
6,72,000
ICICIBANK
PE
240
6.85
1,067
18,00,300
NIFTY FUTURE in yesterday trading session remained range bound to bearish. After a flat opening Nifty could hardly move 50 points though out the day and closed with the indications of weakness. It is taking resistance around 8260, so we advise you to sell Nifty from around 8270-8250 for the targets of 8200 and 8100 with strict stop loss of 8300
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
14461
851.49
24158
1421.56
235793
14180.21
-570.07
INDEX OPTIONS
247282
14291.25
262892
15201.89
1176862
71706.61
-910.64
STOCK FUTURES
87630
4613.32
82290
4319.37
1090648
54616.37
293.95
STOCK OPTIONS
47739
2515.70
47784
2521.46
116330
6081.57
-5.76
TOTAL
-1192.52
INDICES NIFTY BANKNIFTY YOUR MINTVISORY
R2
R1
PIVOT
S1
S2
8281.50
8250.70
8226.40
8195.60
8171.30
17833.00
17726.00
17655.00
17548.00
17477.00
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DAILY REPORT nd
22 JUNE 2016
MCX
RECOMMENDATIONS GOLD
TRADING STRATEGY: BUY GOLD AT 30100 TARGET 30300 30500 SL 29950 SELL GOLD AT 30550-30600 TARGET 30350 30100 SL 30730
SILVER
TRADING STRATEGY: BUY SILVER ABOVE 41000-41025 TARGET 41200 41400 SL 40750 SELL SILVER BELOW 41650 TARGET 41400 41100 SL 41875 YOUR MINTVISORY
COMMODITY ROUNDUP Gold tumbled sharply today as traders continued to cut positions ahead of the Brexit. European markets edged higher after Germany's Federal Constitutional Court ruled in favor of the ECB OMT unlimited bond-buying program created by the ECB at the height of Europe's debt crisis in Sept 2012. This prompted further selling in Gold after the metal dropped under $1300 last week, failing to hold around its two year highs. The metal currently quotes at $1275.30 per ounce, down 1.30% on the day. These are the lowest levels in last one week for the metal. MCX Gold futures are trading at Rs 30350 per 10 grams, down 1.12% on the day. There was not much activity at the steel market in thenational capital today as prices moved in a narrow range in limited deals and settled around previous levels. Absence of worthwhile activity from construction units amid tight fund positions, mainly kept steel prices unaltered. Following are today's quotations (in Rs per tonne): Saria Kamdhenu: 8mm Rs 38,500, 10-mm Rs 36,700, 12-mm Rs 36,100, 16-25 mm Rs 36,100. MS Angle: (50x5) (50x6) Rs 42,000, (40x5) (40x6) Rs 42,800. Angle Capital (IS) (40X5) (40x6) Rs 44,100, (35X5)(65X6) Rs 44,600, Girder (125X65) Rs 41,000. Copper showed marginal losses after the reports from ICSG mentioned surplus in the first quarter of 2016. MCX Copper was trading at Rs 311 per kg, down 0.54%. The highs for Copper was at Rs 312.30 per kg while low is at Rs 309.40 per kg. World mine production is estimated to have increased by around 4.5% or 215000 tonnes to 4.78mt in the first quarter of 2016 compared to 4.57mt production in the first quarter of last year. However overall growth was partially offset by a 3% decline in production in Chile, the world's biggest copper mine producer and a 13% decline in DRC where output is constrained by temporary production cuts. On a regional basis, production rose by 7.5% in the Americas and 5% in Asia but declined by 4% and 1.5% in Africa and in Oceania respectively while remaining essentially unchanged in Europe. Silver prices fell by 0.19% to Rs 41,715 per kg in futures trade as speculators trimmed their exposure amid a weak trend in global markets. At MCX silver for delivery in July traded lower by Rs 80 or 0.19% to Rs 41,715 per kg in a business turnover of 315 lots. Similarly, the metal for delivery in far-month September declined by Rs 77 or 0.18% to Rs 42,470 per kg in a business volume of 2 lots. In the international market, silver fell 0.03% to $17.47 an ounce in Singapore. Analysts attributed the fall in silver in futures trade to a weak trend in the precious metals in global markets. Call us at +91-731-6642300
DAILY REPORT nd
22 JUNE 2016
NCDEX
RECOMMENDATIONS DHANIYA
BUY CORIANDER JULY ABOVE 7100 TARGET 7145 7245 SL BELOW 7035 SELL CORIANDER JULY BELOW 7030 TARGET 6985 6885 SL ABOVE 7095 GUARGUM
NCDEX INDICES Index
Value
% Change
BARLEY CHANA CORIANDER COTTON SEED GUAR SEED JEERA MUSTARDSEED REF SOYA OIL SUGAR M GRADE TURMERIC
1579 6889 7100 2448 3052 17590 4758 643.90 3615 8144
-0.79 +0.28 +1.33 -1.53 +0.16 -0.93 +1.02 -0.34 -0.44 +0.94
Cardamom prices rose by 0.60% to Rs 916.80 per kg in futures trading as participants engaged in enlarging their positions, tracking a firm trend at the spot market on strong demand. At MCX cardamom for delivery in August gained Rs 5.50 or 0.60% to Rs 916.80 per kg in a business turnover of 12 lots. The spice for delivery in July traded higher by Rs 4.10 or 0.46% to Rs 896 per kg in 38 lots. Increasing of positions by traders following surging demand in the spot market against restricted supplies from producing regions mainly kept cardamom prices higher at futures trade. Some exports enquiries also supported the upside. Refined soya oil were down by 0.17% to Rs 645 per 10 kg in futures market as speculators cut down their positions, driven by subdued demand in the spot market. Besides, adequate stocks position on higher supplies from producing regions put pressure on refined soya oil. At NCDEX refined soya oil for delivery in July declined by Rs 1.10 or 0.17% to Rs 645 per 10 kg with an open interest of 1,04,270 lots. Likewise, the oil for delivery in August weakened by 45 paise or 0.07% to Rs 650 per 10 kg in 1,01,230 lots. Trimming of positions by traders due to easing demand in the spot market against adequate stocks position on higher supplies from producing belts, mainly led to the decline in refined soya oil prices at futures trade.
BUY GUARGUM JULY ABOVE 5440 TARGET 5490 5560 SL BELOW 5380 SELL GUARGUM JULY BELOW 5300 TARGET 5250 5180 SL ABOVE 5360
YOUR MINTVISORY
ABARES hiked its forecast for soybean prices next season, despite lifting its estimate for world production, but made only a small upgrade to prospects for canola values. The official Australian commodities bureau dropped ideas of a 2% drop to a 10-year low of $355 a tonne in average US Gulf soybean export prices in 2016-17 – instead forecasting a rise to $400 a tonne. The upgrade, which put on the cards the first increase in prices in six years, reflects a second year of declining world oilseed stocks. Call us at +91-731-6642300
DAILY REPORT nd
22 JUNE 2016
CURRENCY RBI Reference Rate
Currency
Rate Currency
Rate
Rupee- $
67.476 Yen-100
64.590
Euro
76.451 GBP
99.258
USD/INR
BUY USD/INR JUN ABOVE 67.63 TARGET 67.76 67.91 SL BELOW 67.43 SELL USD/INR JUN BELOW 67.42 TARGET 67.29 67.14 SL ABOVE 67.62 EUR/INR
CURRENCY MARKET UPDATES: Although uncertainty remains over the result of this week’s UK referendum the pound to rupee exchange rate has continued to make gains. As the Bank of England’s (BoE) second additional liquidity auction resulted in the lowest take-up since January markets were encouraged by the apparent confidence of the country’s financial institutions. Several recent referendum polls showed that support for an ‘In’ vote began to recover, causing huge appreciation in Pound Sterling exchange rates. Extending losses against the American currency for the second straight day, the rupee dropped by another 17 paise to close at 67.48 on persistent dollar demand from banks and importers amidst weakness in equities. Foreign capital outflows also affected the rupee value. Foreign portfolio investors and foreign institutional investors sold shares worth a net Rs. 537.46 crore on Monday, as per provisional data released by the stock exchanges. The rupee opened lower at 67.40 per dollar against Monday’s closing level of 67.31 at the Interbank Foreign Exchange market and hovered in a range of 67.35 and 67.55 before ending at 67.48 per dollar, showing a loss of 17 paise or 0.25 per cent. The domestic currency has dropped 40 paise or 0.60 per cent in two days.
BUY EUR/INR JUN ABOVE 76.72 TARGET 76.87 77.07 SL BELOW 76.52 SELL EUR/INR JUN BELOW 76.5 TARGET 76.35 76.15 SL ABOVE 76.7 YOUR MINTVISORY
The dollar index was trading lower by 0.08 per cent at against a basket of six currencies in the early trade but ruled steady in the afternoon trade. In cross-currency trades, the rupee dropped further against the pound sterling to end at 99.47 from 98.49 on Monday and also moved down further against the euro to 76.41 fom 76.25. The domestic currency declined against the Japanese yen to 64.44 per 100 yens from 64.37.
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DAILY REPORT nd
22 JUNE 2016
Date
Commodity/ Currency Pairs
Contract
Strategy
Entry Level
Target
Stop Loss
Remark
21/06/16
NCDEX DHANIYA
JULY
BUY
7050
7095-7195
6985
BOOKED PROFIT
21/06/16
NCDEX DHANIYA
JULY
SELL
6950
6905-6805
7015
NOT EXECUTED
21/06/16
NCDEX GUARGUM
JULY
BUY
5380
5430-5500
5320
BOOKED PROFIT
21/06/16
NCDEX GUARGUM
JULY
SELL
5300
5250-5180
5360
NOT EXECUTED
21/06/16
MCX GOLD
AUG.
BUY
30740
30850-31000
30650
NOT EXECUTED
21/06/16
MCX GOLD
AUG.
SELL
30650
30550-30400
30750
BOOKED PROFIT
21/06/16
MCX SILVER
JULY
BUY
41860
41970-42150
41620
NOT EXECUTED
21/06/16
MCX SILVER
JULY
SELL
41600
41400-41200
41860
BOOKED PROFIT
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
Entry Level
Target
Stop Loss
Remark
21/06/16
NIFTY
FUTURE
BUY
8260
8310-8400
8170
NOT EXECUTED
21/06/16
ACC
FUTURE
BUY
1582
1595-1620
1562
NOT EXECUTED
21/06/16
YESBANK
FUTURE
BUY
1083
1089-1098
1071
NOT EXECUTED
21/06/16
VEDL
CASH
BUY
129.5
131.5-132.5
127
SL TRIGGERED
17/06/16
JUBLFOOD
FUTURE
BUY
1080
1095-1120
1060
SL TRIGGERED
17/06/16
NIFTY
FUTURE
SELL
8170-8190
8080-8000
8320
CALL OPEN
YOUR MINTVISORY
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DAILY REPORT nd
ECONOMIC CALENDAR
22 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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