DAILY REPORT 25
th
MAY 2016
Global markets at a glance European shares rose to their highest point in almost 4 weeks on Tuesday as firmer financial stocks lifted the region's equity markets. The pan-European FTSEurofirst 300 and STOXX 600 indexes rose 2.2 and 2.3 percent respectively, extending earlier gains helped by a weakening euro and a reversal of crude oil prices into positive territory. Sentiment was also underpinned by comments from European Central Bank supervisory chief Daniele Nouy, who said the bank was working on new proposals for nonperforming loans that remain one of the biggest problems for the region's economy. Asia markets opened sharply higher on Wednesday, with most major indexes advancing around than 1 percent each, after encouraging reports on the housing market stateside saw gains in US stocks. Japan's Nikkei 225 was up 1.6 percent, with shares receiving additional boost from a relatively weaker yen against the dollar. Across the Korean Strait, the Kospi advanced 0.82%. . Wall Street surged more than 1 percent on Tuesday and the Nasdaq had its strongest day in three months as investors made peace with the possibility that the US Federal Reserve might soon raise interest rates. Comments from policymakers in recent days have investors expecting a rate hike potentially in June, much sooner than previously thought, given sluggish economic growth. Down Under, the benchmark S&P/ASX 200 was up 1.39 percent, led by gains in the heavily-weighted financials subindex, as well as the energy and materials sub-indexes. US stocks ended higher overnight, with the Dow Jones industrial average closing up 1.22 percent, the S&P 500 higher by 1.37 percent and the Nasdaq composite added 2 percent Previous day Roundup The market has ended in green. The Sensex closed 75.11 pts or 0.3% at 25305.47 and the Nifty was up 17.80 pts or 0.2% at 7748.85. About 906 shares have advanced, 1598 shares declined, and 182 shares are unchanged. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 9.07pts], Capital Goods [down 38.20pts], PSU [down 18.71pts], FMCG [up 14.53Pts], Realty [down 2.19pts], Power [down 1.35pts], Auto [up 57.02pts], Healthcare [down 133.04pts], IT [down 35.33pts], Metals [up 13.25Pts], TECK [down 24.00pts], Oil& Gas [down 91.18pts]. YOUR MINTVISORY
World Indices Index
Value
% Change
DJI NASDAQ S&P500 FTSE100 NIKKEI
17706.05 4861.06 2076.06 6219.26 16783.95
+1.22 +2.00 +1.37 +1.35 +1.73
HANG SENG
20299.79
+2.37
Top Gainers Company
CMP
Change
% Chg
4,313.90
102.75
2.44
138.60
2.90
2.14
1,446.00
28.00
1.97
TATAMOTORS
388.85
7.10
1.86
TATAPOWER
71.95
1.30
1.84
CMP
Change
% Chg
729.50 106.75 898.25 2,379.50 772.90
30.20 3.45 23.65 42.30 11.65
-3.98 -3.13 -2.57 -1.75 -1.48
Prev. Close
Change
%Chg
644.25 4,313.90 655.90 364.00 1,157.50 235.00
3.40 102.75 4.75 30.05 42.35 11.15
0.53 2.44 0.73 9.00 3.80 4.98
Prev. Close
Change
%Chg
80.60 823.80 728.00 494.95 838.00
-0.25 -25.70 15.50 -2.45 26.80
-0.31 -3.03 2.18 -0.49 3.30
CMP
Change
% Chg
7748.85 25305.4
+17.80 +75.11
+0.23 +0.30
GRASIM NTPC ACC
Top Losers Company
AUROPHARMA IDEA BPCL BAJAJ-AUTO SUNPHARMA
Stocks at 52 Week’s HIGH Symbol
BIOCON GRASIM PIDILITIND RUSHIL SRTRANSFIN TATAMETALI
Stocks at 52 Week’s LOW Symbol
BANKINDIA BEML BHARATFORG CIPLA COLPAL
Indian Indices Company
NIFTY SENSEX
Call us at +91-731-6642300
DAILY REPORT 25
th
MAY 2016
STOCK RECOMMENDATIONS [FUTURE] 1. BOICON [FUTURE]
STOCK RECOMMENDATION [CASH] 3. RUSHIL
On daily chart RUSHIL has given breakout of strong resistance level of 348 and made a new 52 week high, it rose with high volume yesterday with the bullish rally on daily chart. So we advise to buy above high of 367.50 for the targets of 370 372.5 with stop loss of 363.5 . Last trading session BIOCON future opened gape up and made a high of 647 and close near day’s high with DOJI candlestick in daily chart. since last session it rose with rising OI around 43% In June series. last session stock made a 52 week high. We may see sharp rise for that it will be good to buy above 648 for the target of 651-655 with SL of 643 2. CIPLA [FUTURE]
In Last session CIPLA Future show under pressure during the day. And closed with bearish candlestick in daily chart, while before last session stock made a low of 493.25 it is major support level and close near this level so if stock break this level we may seen sharp fall this stock ,we will advise to sell below 493 for the target of 488-480 with stop loss of 499.50. YOUR MINTVISORY
MACRO NEWS Results today: Tata Steel, L&T, Bajaj Auto, Ashok Leyland, Bosch, Escorts, Cummins India, GAIL, Apollo Hospitals, Container Corporation Of India, Thermax, AstraZeneca, AIA Engineering, Glaxosmithkline Pharma, Abbott India, VIP Industries, TV Today, Aditya Birla Fashion and Retail, Godrej Industries, HCL Infosystems, Info Edge, Kesoram Industries, Kwality limited, Lux Industries, Saregama India, Simbhaoli Sugars, Wheels India, Apar Industries, Cimmco, Control Print, De Nora India, Engineers India, Fineotex Chemical, Genus Power, Global Vectra Helicorp, Hindustan Media, Indo Tech, Ind-Swift Laboratories, Kakatiya Cement Sugar, Lakshmi Machine, Panasonic Carbon India, Prism Cement, Sanghvi Forging, Sanghvi Movers, Schneider Electric, Sharda Cropchem US, Europe filings to drive Biocon growth Breaking 'bread': Jubilant Food, Britannia, WestLife tank 3-12% 9 Just Dial falls another 6% on cautious guidance; analysts worry Cinepolis India to invest Rs 400 crores to open 160 more screens by 2017 Mahindra incorporates Trringo as wholly-owned subsid PC Jeweller raised Rs 427 crore from DVI Fund Mauritius for business expansion Sterlite Technologies demerges power business, eyes pure-play telecom tag Govt seeks bids for oil, gas fields first auction since 2010 Rajesh Exports wins export order worth Rs 1,053 crore KFC, Pizza Hut, McDonald’s in toxic bread radar Coal ministry releases Rs 677cr as compensation to previous allotters Call us at +91-731-6642300
DAILY REPORT 25
th
FUTURES & OPTIONS
MAY 2016
MOST ACTIVE CALL OPTION Symbol
Op- Strike tion Price Type
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
CE
7,800 21.35
5,91,740
61,99,200
NIFTY
CE
7,700 77.00
2,75,024
24,58,575
BANKNIFTY
CE
16,500 94.00
1,23,771
4,78,770
SBIN
CE
170
2.35
6,696
22,38,000
SBIN
CE
175
0.65
6,645
29,42,000
RELIANCE
CE
940
7.50
3,771
5,31,500
JUSTDIAL
CE
700
2.65
3,296
4,20,000
LUPIN
CE
1,500
9.40
2,992
2,15,700
Op- Strike tion Price Type
LTP
Traded Volume (Contracts)
Open Interest
STOCKS IN NEWS Tata Power's generation capacity grows 5% in 2015-16 Torrent Pharma a good play on India & US story: CLSA VRL boss unfazed by shareholder fury, says will pursue aviation passion Ajanta Pharma gets USFDA nod for migraine pain relief drug Govt puts off GM cotton seed order, eases pressure on Monsanto Suven Life gets patents for neuro-degenerative drug NIFTY FUTURE
MOST ACTIVE PUT OPTION Symbol
NIFTY
PE
7,700
14.90
5,72,757
68,70,150
NIFTY
PE
7,600
2.75
2,88,405
44,51,325
BANKNIFTY
PE
16,400
44.30
63,520
2,38,320
SBIN
PE
165
0.55
3,052
19,16,000
LUPIN
PE
1,400
2.90
2,673
1,75,800
JUSTDIAL
PE
650
27.00
2,434
1,84,500
RELIANCE
PE
920
1.65
2,413
6,06,500
ICICIBANK
PE
220
0.80
2,348
29,83,500
NIFTY FUTURE in yesterday trading session traded in a very small range of around 50 points. Nifty has a good trend-line support around 7700 and today it has made a green candle on the support level, which is showing that Nifty may reverse from here. So we advise you to buy Nifty Future from around 7750 for the targets of 7820 and 7900 with strict stop loss of 7680
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
92030
5168.73
98650
5541.96
303114
17265.84
-373.22
INDEX OPTIONS
535948
30082.58
549383
30833.18
1248806
71665.92
-750.60
STOCK FUTURES
368463
17073.16
361079
16721.69
1103557
51607.38
351.47
STOCK OPTIONS
61916
2936.63
63068
2991.92
108571
5139.06
-55.29
TOTAL
-827.64
INDICES NIFTY BANKNIFTY YOUR MINTVISORY
R2
R1
PIVOT
S1
S2
7787.7
7768.2
7742.0
7722.5
7696.3
16574.00
16515.00
16441.00
16382.00
16308.00
Call us at +91-731-6642300
DAILY REPORT 25
th
MAY 2016
MCX
RECOMMENDATIONS GOLD
TRADING STRATEGY: BUY GOLD ABOVE 29350 TARGET 29450 29600 SL 29250 SELL GOLD BELOW 29250 TARGET 29150 29000 SL 29351 SILVER
COMMODITY ROUNDUP Strength in US dollar hit Gold. The commodity has come off its 15 month highs above $1300 per ounce a few weeks back. Sentiments have been weak as speculation mounted that the US Federal Reserve will raise interest rates as early as next month. Technical factors also weighed on Gold as COMEX futures have dropped under their 200 week moving average. The metal is currently trading at $1241.25 per ounce, down 0.82% on the day. MCX Gold futures extended their losses following this, tanking to a low near Rs 29500 per 10 grams. The counter currently trades at Rs 29520 per 10 grams, down 0.55% on the day. Domestic Copper was trading at Rs 312.3 per kg, down 0.95%. The prices of Copper were traded at Rs 313 per kg and a low of Rs 309.15 per kg. Meanwhile, in a important update Fed is on track to raise rates in June or July, and will continue with even more hikes next year given U.S. economic strength, a top Fed official said on Monday. Underlining ample supply, Indonesia's mining ministry has issued the local unit of U.S. copper and gold miner Newmont Mining Corp with a recommendation to continue copper concentrate exports for the next six months. The global world refined copper market showed a 24,000-tonne surplus in February, compared with a 51,000-tonne surplus in January. Zinc is up more than 13 percent so far this year on expectations of shortages due to mine closures. The rise has triggered a supply response in China, where output of refined metal rose an annual 2 percent to 495,000 tonnes in March, the first increase since October. The international crude oil price of Indian Basket as computed by PPAC under the Ministry of Petroleum and Natural Gas was US$ 45.89bbl on 23.05.2016. This was lower than the price of US$ 46.67 per bbl on previous publishing day of 20.05.2016. In rupee terms, the price of Indian Basket decreased to Rs. 3090.40 per bbl on 23.05.2016 as compared to Rs. 3145.62 per bbl on 20.05.2016.
TRADING STRATEGY: SELL SILVER BELOW 39290 TARGET 39100 38300 SL 39500 BUY SILVER ABOVE 39600 TARGET 39850 40150 SL 39350
YOUR MINTVISORY
Some slag went into buildings in Taiwan. Taiwan's Industrial Development Bureau asked 17 electric furnace mills stop delivering slag. This will impact on slag storage and process from stainless steel mills. And it will even affect mills normal production. As there is no many places to place the slag, one Taiwanese stainless steel mill already decided to cut production by 30% for June. And the mill plan to increase the selling price by US$92/MT due to extra processing cost for slag. Other mills are still evaluating if it is necessary to drop the production. Call us at +91-731-6642300
DAILY REPORT 25
th
MAY 2016
NCDEX
RECOMMENDATIONS DHANIYA
BUY GUARGUM JUN ABOVE 5250 TARGET 5300 5370 SL BELOW 5190 SELL GUARGUM JUN BELOW 5160 TARGET 5110 5040 SL ABOVE 5220 GUARGUM
NCDEX INDICES Index
Value
% Change
BARLEY CHANA CORIANDER COTTON SEED GUAR SEED JEERA MUSTARDSEED REF SOYA OIL SUGAR M GRADE TURMERIC
1552 6083 6850 2225 3037 16105 4359 638 3537 7900
+0.19 +2.24 -0.91 -1.37 -1.97 -1.56 -1.20 -0.15 +0.77 -1.45
India has acquired largest cold storages capacity in the world which is 32 million tones during last two years, according to Union Agriculture and Farmers Welfare Minister, Radha Mohan Singh. He noted further that the government is working expeditiously for the storage of perishable agricultural products so that the farmers may get better return of their produce by adopting better market practices. Singh said that India has acquired largest cold storages capacity in the world which is 32 million tones during last two years. Nearly 250 projects comprising of more than one million capacities have been developed. Now, horticulture sector has become the largest source of income within the precincts of agriculture sector. He further said that we have to ensure that the farmers expand their marketing approach for their perishable crops. For this purpose focus will be concentrated on cold storages and other related infrastructures. Singh informed that Department is implementing sub scheme of Agriculture Marketing Infrastructure Integrated Scheme for agricultural marketing across the country so as to construct a number of storages of adequate capacity in rural areas and to provide scientific facilities in these storages. 37795 storage projects with 619.49 lakh metric tonnes capacity have been approved. As on 31.03.2016 a provision of 2199.07 crore rupees subsidy has been made.
BUY CORIANDER JUN ABOVE 7012 TARGET 7057 7157 SL BELOW 6947 SELL CORIANDER JUN BELOW 6757 TARGET 6712 6612 SL ABOVE 6822
YOUR MINTVISORY
A dearth of quality produce and a fall in overall arrivals pushed up cotton prices to Rs 36,000-36,500 a candy (356 kg= 1 candy). Improvement in demand from textile millsalso supported the price uptrend. According to industry sources, prices have gone up by almost Rs 500-600 a candy in the last one week, as arrivals declined to 40,000 bales (a bale of 170 kg), from 50,000 bales across India. Call us at +91-731-6642300
DAILY REPORT 25
th
MAY 2016
CURRENCY RBI Reference Rate
Currency
Rate Currency
Rate
Rupee- $
67.7060 Yen-100
61.9700
Euro
75.9323 GBP
98.0654
USD/INR
BUY USD/INR MAY ABOVE 67.77 TARGET 67.9 68.05 SL BELOW 67.57 SELL USD/INR MAY BELOW 67.66 TARGET 67.53 67.38 SL ABOVE 67.86 EUR/INR
BUY EUR/INR MAY ABOVE 76.1 TARGET 76.25 76.45 SL BELOW 75.9 SELL EUR/INR MAY BELOW 75.83 TARGET 75.68 75.48 SL ABOVE 76.03 YOUR MINTVISORY
CURRENCY MARKET UPDATES: The rupee continued its incessant free fall for the ninth straight day today by dropping 26 paise to end at a fresh 21/2 month low of 67.75 on sustained demand for the American currency. Consistent unwinding by foreign investors on worries regarding the controversial tax issues as well as renewed possibility of the Federal Reserve raising US interest rates predominantly kept home currency under intense pressure. Month-end dollar demand from oil companies along with aggressive hedging strategy adopted by importers in the wake of currency volatility also weighed on the rupee trade. At the Interbank Foreign Exchange (Forex) market, the domestic unit commenced sharply lower at 67.63 a dollar from Monday's closing value of 67.49 following robust dollar demand from banks, hit by sustained fund outflows also impacted by weak opening of local equities. But, it recovered immediately to trade briefly at a fresh intra-day high of 67.5975. However, the rupee suffered a late-morning blow and witnessed a sharp downturn to hit a low of 67.77 before concluding at 67.75, revealing a fall of 26 paise, or 0.39 per cent - extending its longest losing streak since 2007. In cross-currency trades, the rupee retreated sharply against the pound sterling to finish at 98.98 from 97.71 yesterday. The local unit continued to slide against the euro and settle at 75.73 compared to 75.66 and dropped further against the yen to close at 61.80 per 100 yens against 61.69 earlier. Meanwhile, the US dollar index has been in an excellent touch in last few weeks. The index, which is a basket of six major currencies, is a widely used gauge to determine the relative strength of the greenback against its major trading partners. The index has tumbled to its lows under 92 – its lowest in more than a year in March 2016. It is currently hovering around 95.50 levels. The stronger dollar has added to the pressure from saturated markets after nearrecord copper imports in the first quarter, and with scant demand from the physical market, traders said. A firmer dollar cuts the purchasing power of consumers paying for commodities with other currencies. Call us at +91-731-6642300
DAILY REPORT 25
th
MAY 2016
Date
Commodity/ Currency Pairs
Contract
Strategy
Entry Level
Target
Stop Loss
Remark
24/05/16
NCDEX DHANIYA
JUNE
BUY
6950
6995-7095
6885
NOT EXECUTED
24/05/16
NCDEX DHANIYA
JUNE
SELL
6875
6830-6730
6940
BOOKED PROFIT
24/05/16
NCDEX GUARGUM
JUNE
BUY
5250
5300-5370
5190
NOT EXECUTED
24/05/16
NCDEX GUARGUM
JUNE
SELL
5160
5110-5040
5220
NO PROFIT NO LOSS
24/05/16
MCX GOLD
JUNE
BUY
2930
29800-29900
29620
NOT EXECUTED
24/05/16
MCX GOLD
JUNE
SELL
29570
29500-29400
29650
BOOKED PROFIT
24/05/16
MCX SILVER
JUNE
BUY
39830
40000-40200
39650
NOT EXECUTED
24/05/16
MCX SILVER
JUNE
SELL
39350
39150-38900
39550
CALL OPEN
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
Entry Level
Target
Stop Loss
Remark
24/05/16
NIFTY
FUTURE
SELL
7780
7730-7650
7880
NOT EXECUTED
24/05/16
AXISBANK
FUTURE
SELL
486
482-477
492
BOOKED PROFIT
24/05/16
TATASTEEL
FUTURE
SELL
313
310-307
319
SL TRIGGERED
24/05/16
EROS MEDIA
CASH
SELL
175.5
172.5-171.5
178
PROFIT BOOKED
19/05/16
NIFTY
FUTURE
SELL
7770
7700-7600
7870
NO PROFIT NO LOSS
23/05/16
NIFTY
FUTURE
SELL
7770
7700-7600
7850
NO PROFIT NO LOSS
YOUR MINTVISORY
Call us at +91-731-6642300
DAILY REPORT 25
th
ECONOMIC CALENDAR
MAY 2016
NEXT WEEK'S U.S. ECONOMIC REPORTS TIME
REPORT
PERIOD
ACTUAL
CONSENSUS FORECAST
PREVIOUS
MONDAY, MAY 23 9:45 AM
MARKIT PMI FLASH
MAY
--
50.8
523,000
511,000
-$61.2 BLN
-$56.9 BLN
TUESDAY, MAY 24 10 AM
NEW HOME SALES
APRIL WEDNESDAY, MAY 25
8;30 AM
ADVANCE TRADE IN GOODS
APRIL THURSDAY, MAY 26
8:30 AM
WEEKLY JOBLESS CLAIMS
MAY 21
--
--
8:30 AM
DURABLE GOODS ORDERS
APRIL
-0.1%
0.8%
10 AM
PENDING HOME SALES
APRIL
1.0%
1.4%
FRIDAY, MAY 27 8:30 AM
GDP REVISION
1Q
0.8%
0.5%
10 AM
CONSUMER SENTIMENT
MAY
--
95.8
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