DAILY REPORT 23
rd
JUNE 2016
Global markets at a glance European shares rose on Wednesday, but ended off highs as results of a poll rekindled concerns that Britain may leave the European Union hours before voting in the country's membership referendum starts. The pan-European STOXX 600 index was up 0.4 percent, having risen earlier in the session by as much as 1 percent to its highest in almost two weeks. The FTSEurofirst 300 also settled off highs, up 0.5 percent. The two indexes have risen over the past four sessions as worries that the UK would choose to leave the EU eased, having hit four-month lows in the previous week. Markets in Asia were mixed in early trade on Thursday, following losses in US stocks, as investors remained on edge ahead of the UK vote on whether to leave the European Union (EU). Australia's ASX 200 was up 0.07 percent, with the materials subindex advancing 1.05 percent. Major miners saw more 1 percent advances, with shares of Rio Tinto up 1.35 percent and Fortescue rising 4.91 percent. Markets in Asia were mixed in early trade on Thursday, following losses in US stocks, as investors remained on edge ahead of the UK vote on whether to leave the EU. US stocks dipped in low trading volume on Wednesday, with traders focusing on Thursday's referendum on whether Britain will remain part of the European Union. Stocks rose early after data showed US home resales rose in May to a more than nine-year high, adding to retail sales and international trade data that painted an upbeat picture of the economy in the second quarter. But the S&P 500 once more hit a ceiling at the 2,100 level, which has been an area where sellers cluster. Previous day Roundup The market has ended with minor losses. The Sensex wass down 47.13 points or 0.2 percent at 26765.65, and the Nifty slipped 16.20 points or 0.2 percent at 8203.70. About 982 shares have advanced, 1600 shares declined, and 190 shares are unchanged. Adani Ports, Dr Reddy's Labs, Lupin, Coal India and Wipro were top gainers while Tata Motors, GAIL, HUL, ITC and Infosys were losers in the Sensex. Auto and FMCG stocks fell most. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 9.48 pts], Capital Goods [down 59.09 pts], PSU [down 2.67 pts], FMCG [down 46.75 Pts], Realty [up 3.62 pts], Power [down 6.65 pts], Auto [down 151.87 pts], Healthcare [up 62.10 pts], IT [down 13.43 pts], Metals [up 1.58 Pts], TECK [down 11.03 pts], Oil& Gas [down 15.78 pts]. YOUR MINTVISORY
World Indices Index
Value
% Change
DJI S&P500 NASDAQ FTSE100 NIKKEI
17769.00 2087.50 4833.32 6253.00 16143.65
+0.46 +0.52 -0.22 +0.02 +0.49
HANG SENG
20878.45
+0.40
Top Gainers Company
CMP
Change
% Chg
201.80
4.55
2.24
3104.85
55.80
1.83
317.00
4.00
1.28
1466.25
16.60
1.15
242.55
2.35
0.98
CMP
Change
% Chg
336.85 314.65 472.10 374.25 2167.00
-11.55 -10.05 -12.80 -8.30 -311.20
-3.20 -3.10 -2.64 -2.17 -1.42
Prev. Close
Change
%Chg
85.95
5.35
6.64
ADI
341.25
28.20
9.01
ALANKIT
136.90
6.10
4.66
ASPINWALL
200.85
-10.40
-4.85
BALAMINES
260.95
2.25
0.87
BANSWARAS
146.30
-3.60
-2.40
0.10
0.05
100.00
Prev. Close
Change
%Chg
0.10 5.30 148.90
0.05 -0.25 -4.30
100.00 -4.50 -2.81
CMP
Change
% Chg
8203.70 26765.65
-16.20 -47.13
-0.20 -0.18
ADANIPORTS DRREDDY COALINDIA LUPIN AMBUJACEM
Top Losers Company
INFRATEL TATAMTRDVR TATAMOTOR GAIL BOSCHLTD
Stocks at 52 Week’s HIGH Symbol
AARVEEDEN
BIRLACOT
Stocks at 52 Week’s LOW Symbol
BIRLACOT GEINDSYS GLOBOFFS
Indian Indices Company
NIFTY SENSEX
Call us at +91-731-6642300
DAILY REPORT 23
rd
JUNE 2016
STOCK RECOMMENDATIONS [FUTURE] 1. YESBANK [FUTURE]
STOCK RECOMMENDATION [CASH] MARICO [CASH]
On the daily chart of MARICO , it has given upside breakout at 260.45 levels with good volumes yesterday session and is completing rounding bottom pattern for this it is expected to give good upside move for the day above yesterdays high. So we advise to buy MARICO above 261 for the targets of 263.50 265 with stop loss below 259. Last trading session YESBANK future give outperformed in whole banking Index and show long build up at lower level and last day stock made a high of 1081 and close near day high with bullish candlestick in daily chart. And close near major resistance level. We may see sharp rise for that it will be good to buy above 1083 for the target of 1088-1095 with SL of 1075. 2. TATAMOTORS [FUTURE]
Last trading session TATAMOTORS future gave Negative performance in whole auto sector before BREXIT result and close near day low with bearish candlestick in daily chart. and stock break 470 level. We may see sharp fall ahead. so it will be sell below 469 for the target of 465-460 with SL of 475. YOUR MINTVISORY
MACRO NEWS Fertiliser industry calls for import duty cut on raw materials . Rs 10 lakh crore investment needed to meet 1.5 billion tonne coal output target: Study . Honda Cars receives 10k online bookings for BR-V since launch . Force Motors opens Rs 100 cr plant in Pune . DCM Shriram to complete Rs 607 cr expansion project by October. India plans to import 500,000 tn of corn to overcome shortage. Govt approves Rs 2,272 cr highway project in Karnataka . Income Tax dept to take steps to boost TDS collections. Motherson plans to merge group cos with self Debroy makes case for scrapping separate railway budget Textile sector sops to have 3-year sunset clause Cabinet approves Rs 5.66 lakh cr mega spectrum auction plan Thomas Cook arm Quess Corp's Rs 400cr IPO to open June 29 Jaguar Land Rovers annual profit could be cut by 1 billion pounds by the end of the decade if Britain leaves the EU. Bajaj Finance- non-banking arm of Bajaj Finserv tied up with Future Group, MSIL said it is ramping up production of premium hatchback Baleno to meet the current demand and reduce waiting period. Oil India led consortium to buy stake in Vankor oil field Control Print India to List on NSE on Jun 24th ICRA upgrades outlook on RCOM to Stable from negative Call us at +91-731-6642300
DAILY REPORT 23
rd
FUTURES & OPTIONS
JUNE 2016
MOST ACTIVE CALL OPTION Symbol
Op- Strike tion Price Type
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
CE
8300 55.40
2,56,320
67,24,800
NIFTY
CE
8400 25.95
1,86,178
62,39,400
BANKNIFTY
CE
17800 14.30
1,54,820
4,54,230
SBIN
CE
5.15
3,279
32,52,000
LT
CE
1550 10.45
2,96
4,97,400
ICICIBANK
CE
250
2.60
1,936
47,19,200
ASHOKLEY
CE
105
0.90
2,138
69,23,000
ARVIND
CE
340
6.05
2,750
32,52,000
LTP
Traded Volume (Contracts)
Open Interest
215
STOCKS IN NEWS Aadhar Housing and DHFL Vysya Housing to merge. 2,839 bottles of Sun Pharma Inc being recalled in US . Spice Digital gets in-principle approval for BBPS licence . Force Motors opens Rs 100 cr plant in Pune . Shree Cement gains on completion of expansion of grinding unit in Bihar. Gujarat Pipavav Port extends gain after block deal. DCM Shriram to complete Rs 607 cr expansion project by October . KEC International wins orders of Rs. 1,036 Crore MTNL to submit revival plan to DoT by August NIFTY FUTURE
MOST ACTIVE PUT OPTION Symbol
Op- Strike tion Price Type
NIFTY
PE
8100 63.50
1,91,412
55,00,650
NIFTY
PE
8200 99.05
1,79,100
36,36,000
BANKNIFTY
PE
17500 32.00
1,42,672
3,37,980
TATAMOTOR
PE
460
8.60
2,308
14,26,500
SBIN
PE
210
5.40
3,802
33,56,000
VEDL
PE
120
1.25
1,320
24,68,000
TCS
PE
2600 15.00
1,264
1,52,200
ARVIND
PE
1,219
2,63,500
320
7.90
NIFTY in yesterday trading session remained range bound to bearish. After an almost flat opening Nifty dragged down in ceasing hours and closed below previous day’s low. It has been 3 sessions it is preparing lower highs and taking resistance of trend-line. The index may open with gap up but it is over all bearish. So sell it around 8250-8230 for the targets of 8150 and 8050 with strict stop loss of 8330
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
24116
1404.99
31855
1902.16
227898
13663.89
-497.17
INDEX OPTIONS
354658
20335.48
360655
20725.55
1214346
73843.75
-390.07
STOCK FUTURES
90974
4706.65
82451
4358.87
1092629
54641.37
347.78
STOCK OPTIONS
58622
3173.09
58364
3139.58
119178
6230.18
33.51
TOTAL
-505.95
INDICES NIFTY BANKNIFTY YOUR MINTVISORY
R2
R1
PIVOT
S1
S2
8283.50
8243.60
8198.40
8158.50
8113.30
17870.00
17748.00
17633.00
17511.00
17396.00
Call us at +91-731-6642300
DAILY REPORT 23
rd
JUNE 2016
MCX
RECOMMENDATIONS GOLD
TRADING STRATEGY: GOLD SELL BELOW 30000 TARGET 29900 29800 SL 30105 BUY GOLD ABOVE 30275 TARGET 30400 30550 SL 30100 SILVER
TRADING STRATEGY: BUY SILVER ABOVE 41350 TARGET 41500 41700 SL 41100 SELL SILVER BELOW 40750 TARGET 40500 40300 SL 41005 YOUR MINTVISORY
COMMODITY ROUNDUP Copper was static in evening trades but the trajectory remained on the higher side on the back of positive sentiments emerging in Europe. The general expectation is that Britain will remain in the European Union and won't exit it. This has tamed the moves of Dollar and improved the buying spree in Copper. MCX Copper was trading at Rs 317.95 per kg, up 0.06%. The prices tested a high of Rs 319 per kg, and a low of Rs 315.70 per kg. The prices of Copper on MCX have depleted by 18.4% in the month of June 2016 compared to June 2015. The metal corrected by 2.24% compared to previous month. MCX Copper averages at Rs 305 per kg at the verge of June 2016 against Rs 312 per kg in May 2015. So far in the year 2016, Copper has gained 2% from Rs 299 per kg at the beginning of the year. The average position of Copper during same period last year was Rs 374 per kg. Meanwhile, International Copper is averaging around $ 4579 per tonne in the month of June 2016, compared to $ 5834 per tonne in the month of June 2015, down 21.5%. The prices declined by 2.74% on a month on month basis from $ 4708 per tonne in the month of May 2016. The international crude oil price of Indian Basket as computed by Petroleum Planning and Analysis Cell under the Ministry of Petroleum and Natural Gas was US$ 47.02 bbl on 21.06.2016. This was lower than the price of US$ 47.24 per bbl on previous publishing day of 20.06.2016. In rupee terms, the price of Indian Basket decreased to Rs. 3172.68 per bbl on 21.06.2016 as compared to Rs. 3184.55 per bbl on 20.06.2016. Rupee closed weaker at Rs. 67.48 per US$ on 21.06.2016 as against Rs 67.41 per US$ on 20.06.2016. Taking weak cues from overseas markets silver prices fell by Rs 112 to Rs 42,000 per kg in futures trade. In futures trading at MCX silver for delivery in far-month September was trading lower by Rs 66, or 0.22%, at Rs 42,000 per kg in a business turnover of two lots. Similarly, the white metal for delivery in July declined by Rs 80, or 0.19%, to Rs 41,275 per kg in a business volume of 353 lots. In the international market, silver fell 1.26% to $17.25 an ounce in New York yesterday. The fall in silver prices was largely in line with a weak trend in precious metals at global markets on speculation that Britain will probably vote to stay in the European Union in a referendum tomorrow, undercutting demand for haven assets. Call us at +91-731-6642300
DAILY REPORT 23
rd
JUNE 2016
NCDEX
RECOMMENDATIONS DHANIYA
BUY CORIANDER JULY ABOVE 7225 TARGET 7270 7370 SL BELOW 7160 SELL CORIANDER JULY BELOW 7170 TARGET 7125 7025 SL ABOVE 7235 GUARGUM
BUY GUARGUM JULY ABOVE 5560 TARGET 5610 5680 SL BELOW 5500 SELL GUARGUM JULY BELOW 5450 TARGET 5400 5330 SL ABOVE 5510 YOUR MINTVISORY
NCDEX INDICES Index
Value
% Change
BARLEY CHANA CORIANDER COTTON SEED GUAR SEED JEERA MUSTARDSEED REF SOYA OIL SUGAR M GRADE TURMERIC
1574.50 6898 7220 2475 3113 17640 4735 654.60 3593 8110
-0.41 +0.61 +2.01 +1.06 +1.93 +.11 -0.42 +0.26 -0.66 -0.54
After five good years, coffee output might see a dip. The current season, ending Sept, saw high production at 350,000 tonnes. The next one is expected to be tougher for coffee output, with drought in major growing areas of Karnataka. The state normally produces 70% of the all-India total. The coffee year begins on Oct 1 and the 2014-15 output was 327,000 tonnes; this year ending September 30 will see 350,000 tonnes, says the United Planters' Association of Southern India. It had been 314,000 tonnes in 2011-12. Extending its losses for a third straight day sugar pricesfell further by 0.77% to Rs 3,589 per quintal in futures trade as traders engaged in trimming position to book profits amid higher supplies from mills at the spot market. At NCDEX sugar for delivery in July month drifted further lower by Rs 28, or 0.77% to Rs 3,589 per quintal with an open interest of 34,020 lots. On similar lines, the sweetener for delivery in October contracts moved down by Rs 20, or 0.53% to Rs 3,740 per quintal in 13,020 lots. Trimming of positions participants to book profits at higher levels and ample stocks at the spotmarkets due to higher supplies from mills, mainly weighed on sweetner prices at futures trade here. Crude palm oil prices recovered by 0.24% to Rs 508.50 per 10 kg in futures trade today as traders built fresh positions after pick up in demand in the spot market. At the Multi Commodity Exchange, crude palm oil for delivery in June month rose by Rs 1.20, or 0.24%, to Rs 508.50 per 10 kg in business turnover of 56 lots. On similar lines, the oil for delivery in far-month July contracts edged up by 40 paise, or 0.08%, to Rs 506 per 10 kg in 82 lots. Fresh positions created by participants, tracking pick up in demand in the spot market against tight stocks posiion on restricted supplies from producing regions, mainly led to the rise in crude palm oil prices in futures trade. Call us at +91-731-6642300
DAILY REPORT 23
rd
JUNE 2016
CURRENCY RBI Reference Rate
Currency
Rate Currency
Rate
Rupee- $
67.557 Yen-100
64.610
Euro
76.035 GBP
99.153
USD/INR
BUY USD/INR JUN ABOVE 67.55 TARGET 67.68 67.83 SL BELOW 67.35 SELL USD/INR JUN BELOW 67.48 TARGET 67.35 67.2 SL ABOVE 67.68 EUR/INR
CURRENCY MARKET UPDATES: Recovering from early losses against the US currency, the rupee ended flat at 67.48 a dollar on fag-end selling of the greenback by banks and exporters in view of a weak dollar in overseas markets. The currency market moved in tandem with polls around the UK's referendum on whether to stay in the European Union. The rupee opened lower at 67.59 per dollar as against Tuesday's closing level of 67.48 per dollar at the interbank foreign exchange (forex) market. It dropped further to 67.63 per dollar on initial dollar demand from banks and importers. However, it washed out initial losses and recovered to 67.4325 per dollar on fag-end dollar selling before ending at 67.48 per dollar, showing no change from previous close. The rupee hovered in a range of 67.4325 and 67.63 per dollar during the day. The dollar index was trading down 0.26 per cent at against a basket of six currencies in the late afternoon trade. The Reserve Bank of India fixed the reference rate for the dollar at 67.5570 and euro at 76.0354. The dollar slipped lower against the other major currencies on Wednesday, as polls showed that the race between the Leave and Remain campaigns remains tight one day before the vote on a potential British exit from the European Union, or Brexit. In cross-currency trades, the rupee recovered against the pound sterling to end at 99.09 from 99.47 on Tuesday and also recouped against the euro to 76.20 from 76.41. The domestic currency dropped further against the Japanese yen to 64.51 per 100 yen from 64.44.
BUY EUR/INR JUN ABOVE 76.3 TARGET 76.45 76.65 SL BELOW 76.1 SELL EUR/INR JUN BELOW 76.18 TARGET 76.03 75.83 SL ABOVE 76.38 YOUR MINTVISORY
The Securities and Exchange Board of India (Sebi) relaxed currency derivatives rules on Wednesday, allowing participants to continue to hold on to their open position limits even if total open interest in a currency pair falls at a stock exchange. Market participants will, however, have to gradually bring down their open positions to comply with applicable limits within a time period specified by the stock exchanges. Call us at +91-731-6642300
DAILY REPORT 23
rd
JUNE 2016
Date
Commodity/ Currency Pairs
Contract
Strategy
Entry Level
Target
Stop Loss
Remark
22/06/16
NCDEX DHANIYA
JULY
BUY
7100
7145-7245
7035
BOOKED FULL PROFIT
22/06/16
NCDEX DHANIYA
JULY
SELL
7030
6985-6885
7095
NOT EXECUTED
22/06/16
NCDEX GUARGUM
JULY
BUY
5440
5490-5560
5380
BOOKED FULL PROFIT
22/06/16
NCDEX GUARGUM
JULY
SELL
5300
5250-5180
5360
NOT EXECUTED
22/06/16
MCX GOLD
AUG.
BUY
30100
30300-30500
29950
CALL OPEN
22/06/16
MCX GOLD
AUG.
SELL
30550-30600
30350-30100
30730
NOT EXECUTED
22/06/16
MCX SILVER
JULY
BUY
41000-41025
41200-41400
40750
BOOKED PROFIT
22/06/16
MCX SILVER
JULY
SELL
41650
41400-41100
41875
NOT EXECUTED
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
Entry Level
Target
Stop Loss
Remark
22/06/16
NIFTY
FUTURE
SELL
8270-8250
8200-8100
8300
BOOKED PROFIT
22/06/16
ARVIND
FUTURE
BUY
330
335-345
322
BOOKED PROFIT
22/06/16
AUROPHARMA
FUTURE
SELL
720
713-705
735
CALL OPEN
22/06/16
WELSPUN
CASH
BUY
110.5
1112-113
108
SL TRIGGERED
17/06/16
NIFTY
FUTURE
SELL
8170-8190
8080-8000
8320
CALL OPEN
YOUR MINTVISORY
Call us at +91-731-6642300
DAILY REPORT 23
rd
ECONOMIC CALENDAR
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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