DAILY REPORT 27
th
MAY 2016
Global markets at a glance European shares steadied on Thursday, with banks coming under pressure after a surprise rights issue by Spain's Banco Popular raised fears that others in the region may follow to strengthen their balance sheets. The panEuropean STOXX Europe 600 ended up 0.1%, while the FTSEurofirst 300 added 0.2%. Both hit a four-week high in the previous session, helped by a two-day rally in banking stocks. Europe's banking sector index gave up part of those gains, falling 0.5% after Banco Popular announced a 2.5 bn euro cash call, which caught some investors by surprise. Its shares fell more than 26%. Asian stocks pulled ahead on Friday after patches of US data continued to paint the world's largest economy in a positive light, while the dollar was on the defensive against its major peers. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS gained 0.2 percent to a two-week high. The index was on track to gain 2.3 percent this week. Japan's Nikkei nudged up 0.4 percent, buoyed by prospects of Tokyo delaying a sales tax hike. The Dow inched down 0.1% and the S&P 500 ended flat overnight after rising strongly for two days as advancing utilities offset declines in materials, banks and other cyclical industries. US data released on Thursday showed durable goods orders, pending home sales and initial jobless claims coming in strong. Just 5.8bn shares changed hands on US exchanges, well below the 7.2bn daily average for the past 20 trading days. Advancing issues outnumbered declining ones on the NYSE by 1,552 to 1,449, while on Nasdaq, 1,507 issues fell and 1,269 advanced. The S&P 500 posted 22 new 52-week highs and 1 new low; Nasdaq recorded 55 new highs and 26 new lows. Previous day Roundup The market has ended with stellar gains with the benchmark indices and Bank Nifty at 2016 closing high. The Nifty ended the May F&O series at 8070, up 134.75 points or 1.7 percent while the Sensex was up 485.51 points or 1.9 percent at 26366.68.
World Indices Index
Value
% Change
DJI S&P500 NASDAQ FTSE100 NIKKEI
17826.29 2090.10 4901.77 6265.665 16847.06
-0.13 -0.02 +0.14 +0.04 +0.44
HANG SENG
20334.17
-0.31
Top Gainers Company
CMP
Change
% Chg
1,471.00
179.40
13.89
SBIN
184.55
9.45
5.40
BHEL
128.75
6.20
5.06
AXISBANK
521.05
18.90
3.76
IDEA
113.20
3.65
3.33
CMP
Change
% Chg
387.95 741.75 18,400.00 21,770.00 947.30
6.90 7.60 130.65 124.85 3.90
-1.75 -1.01 -0.71 -0.57 -0.41
Prev. Close
Change
%Chg
ASIANPAINT
994.00
11.75
1.20
BIOCON
660.60
10.90
1.68
GRASIM
4,331.10
-12.35
-0.28
HAVELLS
376.65
3.30
0.88
HDFCBANK
1,182.85
9.55
0.81
IBREALEST
100.80
6.25
6.61
ITC
363.90
7.85
2.20
Prev. Close
Change
%Chg
805.00 442.55 136.00
-56.90 -0.50 2.05
-6.60 -0.11 1.53
CMP
Change
% Chg
8069.65 26366.68
+134.75 +485.51
+1.70 +1.88
LT
Top Losers Company
INFRATEL HCLTECH EICHERMOT BOSCHLTD RELIANCE
Stocks at 52 Week’s HIGH Symbol
Stocks at 52 Week’s LOW Symbol
Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 8.63pts], Capital Goods [up 1166.49pts], PSU [up 75.14pts], FMCG [up 98.91Pts], Realty [up 25.00pts], Power [up 27.84pts], Auto [up 199.76pts], Healthcare [up 0.11pts], IT [up 139.30pts], Metals [up 66.79Pts], TECK [up 69.71pts], Oil& Gas [up 87.46pts]. YOUR MINTVISORY
CUMMINSIND IPCALAB PRECAM
Indian Indices Company
NIFTY SENSEX
Call us at +91-731-6642300
DAILY REPORT 27
th
MAY 2016
STOCK RECOMMENDATIONS [FUTURE] 1. [FUTURE]
STOCK RECOMMENDATION [CASH] 3. KEC
On daily chart KEC has given upside breakout at 137.40 resistance level rose with heavy volumes yesterday, so it is expected to give a good positive move for today supported by bullish moves of index .So we advise to buy above 140 for the targets of 142.5 143.5 with stop loss below 138.20.
Last trading session TECHM future opened gape up and consolidate in first half but TECHM future move very fast and cross major resistance level in second half and made a high of 549.50 and close near day’s high with bullish candlestick in daily chart. We may see sharp rise for that it will be good to buy above 550 for the target of 555-560 with SL of 544. 2. [FUTURE]
Last trading session YESBANK future show good strength and close near day high with bullish candlestick in daily chart. since last session it rose with rising OI around 89%, in long side at june series and last day stock cross major resistance level. We may see sharp rise for that it will be good to buy above 1020 for the target of 1025-1035 with SL of 1012.
YOUR MINTVISORY
MACRO NEWS Results today: SBI, HPCL, IOC, Oil India, DLF, NMDC, Sun TV, Tata Communications, REC, Crompton Greaves, Punj Lloyd, Canara Bank, BHEL, BEML, Bharat Electronics, Bombay Dyeing, S H Kelkar and Company, IOB, Karur Vysya Bank, PVR, Puravankara Projects, Reliance Power, Religare Enterprises, Thomas Cook, 3M India, Alkem Lab, Dr Lal Path Labs, Lanco Infratech, Religare Enterprises, VST Tillers, V2 Retail, Caplin Point Lab, DB Realty, Eros, Gujarat Sidhee, Jaiprakash Power Ventures, KCP, Man Industries, Mercator, Minda Corporation, Orchid Pharma, Patel Integrated Logistics, RPP Infra, SJVN, Texmo Pipes, Dharamsi Morarji, Elgi Equipments, Dolphin Offshore, Dynamatic Tech, Gujarat Sidhee, HEG, IMP Powers, Pricol, Jindal Stainless, Indoco Remedies, JMC Projects, Kothari Sugars, LT Foods, Minda Corporation, Ponni Sugars, Pratibha Industries, Raunaq EPC International, Sharda Motor, Sudarshan Chemical, TNPL, Technofab Eng, TIL, Asian Hotels, Enkei Wheels, Venky's L&T soars 11% as better execution drives Q4 ONGC Q4 net up over 3-fold to Rs 4416cr, EBITDA below estimates Shree Cement Jan-March quarter profit up 86% India could lose $49 bn in GDP by food price shock: UN Lanco Group shortlists 5 bidders for power business Govt fixes transfer fee for non-auctioned captive mines Targeting 8-10% loan growth in FY17: Bank of India India home to 56 of world's largest public firms: Forbes India's installed solar capacity reached 6,000 MW in 6 years: Manufacturer RIL, BP on way to end dispute with government Britain to consult on steel pensions in effort to find buyer for Tata Steel UK BPCL Q4 net drops 10.6% to Rs 2,549 cr on low oil prices Call us at +91-731-6642300
DAILY REPORT 27
th
FUTURES & OPTIONS
MAY 2016
MOST ACTIVE CALL OPTION Symbol
Op- Strike tion Price Type
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
CE
8,000 64.50 14,09,838
23,78,925
NIFTY
CE
8,100
BANKNIFTY
CE
SBIN
CE
LT
CE
ICICIBANK
CE
240
ASHOKLEY
CE
100
MARUTI
CE
0.05
4,07,548
73,32,300
17,200 139.30
2,49,950
71,730
4.05
16,532
12,94,000
1,420 52.00
8,710
1,26,900
0.90
8,678
25,67,000
4.10
6,747
23,73,000
4,100 13.00
6,132
35,750
LTP
Traded Volume (Contracts)
Open Interest
180
STOCKS IN NEWS Titan, Gitanjali Gem, PC Jewellers feature in top 100 luxury goods brand Yes Bank says approval to hike foreign investment will enhance its financial flexibility GAIL reconfigures Rs 12,000cr Jagdishpur-Haldia gas CIL eyes export market in Bangladesh Fortis Healthcare to vertically demerge SRL Diagnostics Strides Shasun gets US health regulator tentative nod Jubilant Life gets nod for Sodium Chloride injection DrReddy's buys 6 OTC brands from US-based Ducere Pharma NIFTY FUTURE
MOST ACTIVE PUT OPTION Symbol
Op- Strike tion Price Type
NIFTY
PE
7,900
0.05
8,58,472
86,40,375
NIFTY
PE
8,000
0.05
7,83,678
55,28,400
BANKNIFTY
PE
17,000
0.10
2,08,113
4,78,530
LT
PE
1,420
0.05
6,124
2,23,800
SBIN
PE
175
0.05
5,975
25,98,000
TATASTEEL
PE
320
0.05
5,619
19,52,000
AXISBANK
PE
500
0.05
2,959
8,91,000
YESBANK
PE
1,000
0.05
2,890
4,66,200
NIFTY FUTURE in yesterday trading session rallied up and broken the major resistance of 8000, bulls had taken complete control, value buying in infra (majorly L&T) and banks helped Nifty end at fresh 2016 closing high. And this rally seems to continue till 8250. So we advise you to buy Nifty Future above 8075 for the targets of 8150 and 8250 With strict stop loss of 7950
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
123751
7258.30
84507
4910.21
253309
15019.79
2348.09
INDEX OPTIONS
977771
56149.23
942805
54003.15
714301
43007.63
2146.07
STOCK FUTURES
376424
18659.79
352858
17444.89
969349
46966.37
1214.90
STOCK OPTIONS
75670
3655.96
75278
3652.13
1650
102.23
3.83
TOTAL
5712.89
INDICES NIFTY BANKNIFTY YOUR MINTVISORY
R2
R1
PIVOT
S1
S2
8253.40
8168.20
8033.70
7984.40
7899.20
17704.00
17531.00
17251.00
17078.00
16798.00
Call us at +91-731-6642300
DAILY REPORT 27
th
MAY 2016
MCX
RECOMMENDATIONS GOLD
TRADING STRATEGY: BUY GOLD ABOVE 28820 TARGET 28920 29000 SL 28700 SELL GOLD BELOW 28700 TARGET 28600 28500 SL 28805 SILVER
TRADING STRATEGY: BUY SILVER ABOVE 39200 TARGET 39400 39600 SL 38995 SELL SILVER BELOW 38995 TARGET 38800 38600 SL 39205 YOUR MINTVISORY
COMMODITY ROUNDUP Gold prices recovered by Rs 55 per 10 grams at the bullion market Thursday, snapping its three-day falling steak, supported by demand from jewellers and retailers and a firming trend overseas. Standard gold rose by Rs 55 to finish at Rs 29,065 per 10 grams from Wednesday's closing value of Rs 29,010. Pure gold also moved up by a similar margin to end at Rs 29,215 per 10 grams as compared to Rs 29,160 earlier. Silver climbed by Rs 395 per kg to conclude at Rs 39,815 as against Rs 39,420 earlier. Globally, gold edged higher as the dollar's rally paused, moving away from a seven-week low hit in the previous session, though gains were limited by expectations USrates could rise as early as June. Spot gold rose 0.3% to$ 1,227.20 an ounce at early trade, its biggest intra-day rise since May 17. The metal fell to the lowest since April 6 at$ 1,217.25 on Wednesday. US gold was up 0.2% at $1,226.70. Among other precious metals, spot silver rose 0.9% to $16.41 an ounce. MCX Copper futures stayed broadly supported as global prices managed to recover further on bargain buying. Local futures are trading at Rs 316.20 per kg, up 1.15% on the day. COMEX Copper futures are edging up after bottoming out near three month low as rising equities and soaring crude oil prices lend good support. The counter had tested near $2 per pound before recovering and currently trades at $2.1200 per pound, up 0.88% on the day. Sentiments remain supportive after the US manufacturing sector witnessed significant upside momentum in April, adding to gains seen in March, as orders for durable goods increased. New order of durable goods rose by $7.7bn or 3.4% to $229.4bn in Apr following March's revised increase of 1.9%; the previous data reported a rise of 0.8%. The report noted that this is the third monthly increase in the last four months. It is the biggest increase since January. Oil futures dipped further in early Asian trade on Friday, finding resistance at the $50 a barrel mark as investors worried higher prices could reactivate shuttered crude output, adding to global oversupply. Oil pushed through $50 for the first time in around seven months on Thursday as supply disruptions from Canadian wildfires and attacks in Libya and West Africa have helped cut daily output by four million barrels. Increased demand and a weaker dollar helped support prices. US crude fell seven cents to $49.41 a barrel as of 0033 GMT after settling down eight cents in the previous session. It touched $50.21 earlier on Thursday, its highest since early October. Brent fell nine cents to $49.50. Brent closed down 15 cents, retreating from $50.51, its highest since early November. Call us at +91-731-6642300
DAILY REPORT 27
th
MAY 2016
NCDEX
RECOMMENDATIONS DHANIYA
BUY CORIANDER JUN ABOVE 6920 TARGET 6965 7065 SL BELOW 6855 SELL CORIANDER JUN BELOW 6800 TARGET 6755 6655 SL ABOVE 6865 GUARGUM
NCDEX INDICES Index
Value
% Change
BARLEY CHANA CORIANDER COTTON SEED GUAR SEED JEERA MUSTARDSEED REF SOYA OIL SUGAR M GRADE TURMERIC
1554 6105 6875 2288 3055 16095 4392 840.7 3518 6064
+0.16 +1.36 +1.03 +2.97 +1.60 +1.00 +0.69 +0.20 -0.26 -1.74
Wheat futures settled in green today due to anticipation of below projected wheat production in the current year along with surge in wheat import figures in the current year. The sources that total wheat production is projected at 88 million tonnes against the government's projected figure of 93.25 million tonnes. Thus, shortage of wheat supplies in international market will increase import demand in the current season . The wheat import demand is expected to increase five fold in the current year. The NCDEX July futures added 0.12 percent to close at Rs 1690 per quintal today. The jute industry stands to lose Rs 1,000 crore in the 201617 season if the Union government approves the recommendations of the Commission for Agricultural Costs & Prices (CACP). The latter has favoured complete exemption in the case of sugar for packaging in jute bags. Presently, 20 per cent of all sugar is needed to be compulsorily packed in jute bags, under the Jute Packaging Materials Act (JPMA).
BUY GUARGUM JUN ABOVE 5200 TARGET 5250 5320 SL BELOW 5140 SELL GUARGUM JUN BELOW 5100 TARGET 5050 4980 SL ABOVE 5160 YOUR MINTVISORY
The Gross Production of Maize in Kharif and Rabi is estimated at 21.02mt, for the year 2015-16. Despite two successive droughts, the gross production of maize in Kharif and Rabi is estimated at 21.02mt, for the year 2015-16. He added that due to the hard works carried out by the farmers, scientists and policy makers the area of maize farming has increased 2.9 times, the productivity 4.8 times, and yield has been 14 times more after 1950. He observed that this is a great achievement of the farmers. More than 308 improved maize hybrid/mixed varieties have been distributed for various climate related conditions in the country after 1957. During the last five years 30 high yielding hybrids and 10 mixed varieties have been released. The Agriculture Minister stated it in “India Maize Summit”, organized by FICCI. Call us at +91-731-6642300
DAILY REPORT 27
th
MAY 2016
CURRENCY RBI Reference Rate
Currency
Rate Currency
Rate
Rupee- $
67.2855 Yen-100
61.3400
Euro
75.2185 GBP
98.9501
USD/INR
BUY USD/INR MAY ABOVE 67.28 TARGET 67.41 67.56 SL BELOW 67.08 SELL USD/INR MAY BELOW 67.14 TARGET 67.01 66.86 SL ABOVE 67.34 EUR/INR
BUY EUR/INR MAY ABOVE 75.41 TARGET 75.56 75.76 SL BELOW 75.21 SELL EUR/INR MAY BELOW 75.09 TARGET 74.94 74.74 SL ABOVE 75.29 YOUR MINTVISORY
CURRENCY MARKET UPDATES: The dollar was steady at 109.780 yen after losing 0.4 percent overnight. The euro treaded water at USD 1.1190 following Thursday's 0.3% gain. The dollar index was nearly flat at 95.108 .DXY after slipping 0.3% overnight, pulling away from a two-month high of 95.661 scaled on Wednesday. The greenback had rallied earlier in the week on growing expectations the Fed will raise interest rates as soon as June or July, supported by a series of comments from Fed officials seemingly backing such a move. The Australian dollar extended gains after rising overnight on a modest upgrade in domestic capex data. The Aussie, which fell to a near three-month low of USD 0.7145 on Tuesday amid a slide in commodities, was last up 0.1% at USD 0.7230. The rupee strengthened for a second consecutive session against the dollar, rising 16 paise to 67.17 on Thursday, on sustained selling of the American currency amid a continued rally in domestic equities. Fresh foreign fund inflows also weighed on the local currency. At the interbank forex market, the domestic unit commenced slightly better at 67.32 a dollar from Wednesday's closing value of 67.33. However, it trimmed initial gains and fell back on some dollar demand from banks and importers to touch an intraday low of 67.39 during mid-morning deals. However, overcoming the volatility, the rupee recovered smartly to touch a high of 67.14 on bouts of dollar selling from banks and exporters before ending at 67.17, revealing a good gain of 16 paise, or 0.24 per cent. After an uninterrupted nine-day slide, the domestic unit rebounded yesterday from its 2-1/2 month low with an impressive 42-paise gain - its sharpest single-day jump in over two months. In cross-currency trades, the rupee firmed up further against the pound sterling to settle at 98.79, from 98.85 the previous day, and also moved up against the yen to end at 61.06 per 100 yens compared to 61.13. On the other hand, it weakened against the euro and finished at 75.10 from 75.03 earlier. Meanwhile, FIIs turned net buyers after the recent selling spree and bought equities worth Rs 495.08 crore in Wednesday's trading session, as per provisional data released by the stock exchanges. Call us at +91-731-6642300
DAILY REPORT 27
th
MAY 2016
Date
Commodity/ Currency Pairs
Contract
Strategy
Entry Level
Target
Stop Loss
Remark
26/05/16
NCDEX DHANIYA
JUNE
BUY
6940
6985-7085
6875
NOT EXECUTED
26/05/16
NCDEX DHANIYA
JUNE
SELL
6757
6712-6612
6822
SL TRIGGERED
26/05/16
NCDEX GUARGUM
JUNE
BUY
5200
5250-5320
5140
NOT EXECUTED
26/05/16
NCDEX GUARGUM
JUNE
SELL
4980
4930-4860
5040
NOT EXECUTED
26/05/16
MCX GOLD
JUNE
BUY
29000
29150-29400
29860
SL TRIGGERED
26/05/16
MCX GOLD
JUNE
SELL
28850
28750-28600
29000
BOOKED PROFIT
26/05/16
MCX SILVER
JUNE
BUY
39420
39600-39800
39250
BOOKED PROFIT
26/05/16
MCX SILVER
JUNE
SELL
39100
38900-38700
39300
NO PROFIT NO LOSS
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
Entry Level
Target
Stop Loss
Remark
26/05/16
NIFTY
FUTURE
BUY
7920
7970-8050
7840
BOOKED PROFIT
26/05/16
ARVIND
FUTURE
BUY
309-310
314-318
305
NOT EXECUTED
26/05/16
AXISBANK
FUTURE
BUY
507
511-515
500
BOOKED PROFIT
26/05/16
UPL
CASH
BUY
593.5
599-603.5
588
SL TRIGGERED
YOUR MINTVISORY
Call us at +91-731-6642300
DAILY REPORT 27
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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