DAILY REPORT 16
th
FEBRUARY 2017
Global markets at a glance European shares ended higher on Wednesday in another session dominated by earnings, as French lender Credit Agricole led banking stocks to a three-week high. The panEuropean STOXX 600 index rose 0.3 percent with the banking index the top sector, up 1.4 percent. Shares in Credit Agricole jumped 4.7 percent after France's biggest retail bank beat forecasts with a smaller than expected earnings drop in the fourth quarter. The reaction was particularly positive to results from Credit Agricole's French retail bank unit LCL. The DJI Average rose 0.52% to end at 20,611.86. The S&P 500 gained 0.50% to 2,349.25 and the Nasdaq Composite added 0.64% to 5,819.44. Fourth-quarter earnings for S&P 500 companies have risen about 7.2%, the strongest expansion since the third quarter of 2014, according to Thomson Reuters data. Analysts on average expect S&P 500 earnings for the first quarter to rise 10.7%. The S&P 500 posted 80 new 52-week highs and two new lows; the Nasdaq Composite recorded 156 new highs and 27 new lows. About 7.0 billion shares changed hands on US exchanges, above the daily average of 6.8 billion over the last 20 sessions. Asian stocks edged up to fresh 19-month highs on Thursday, helped by an extended rally on Wall Street and strong US data though the dollar stepped back after a recent bounce. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.2 percent, rising to its highest since July 2015. It is up by a tenth so far this year partly underpinned by more optimistic earnings expectations and a gradual unwinding of bearish emerging market bets. Previous day Roundup The market broke its recent range on downside Wednesday as concerns raised over FIIs inflow after Federal Reserve chairwoman Janet Yellen hinted rate hike next month. Disappointing quarterly earnings by Tata Motors and Sun Pharma also spoiled sentiment. The 30-share BSE Sensex fell 183.75 points to 28155.56 and the 50-share NSE Nifty lost 67.60 points to 8724.70 despite positive global cues.
World Indices Index
Value
% Change
DJI S&P500
20611.86 2349.25
+0.52 +0.50
NASDAQ
5819.44
+0.64
7302.41 19349.31 24078.50
+0.47 -0.46 +0.35
FTSE100 NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
ZEEL
521.20
8.25
1.61
INFRATEL
323.00
4.25
1.33
ITC
274.10
3.30
1.22
TCS
2,423.45
17.20
0.71
HDFCBANK
1,320.10
9.00
0.69
CMP
Change
% Chg
TATAMTRDVR TATAMOTORS SUNPHARMA AUROPHARMA
268.40 436.70 622.00 635.00
-29.35 -45.35 -27.30 -23.35
-9.86 -9.41 -4.20 -3.55
BANKBARODA
162.95
-5.85
-3.47
Prev. Close
Change
%Chg
127.10
6.05
5.00
1,444.00 1,965.10 49.10 1,028.00
30.40 90.85 2.20 -11.25
2.15 4.85 4.69 -1.08
COROMANDEL
340.60
-9.85
-2.81
ESCORTS
403.10
18.50
4.81
Top Losers Company
Stocks at 52 Week’s HIGH Symbol
ABMINTLTD AIAENG ALKEM BANG BHARATFORG
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 [down 215.44pts], Capital Goods [down 171.97pts], PSU [down121.71pts], FMCG [up 6.69pts], Realty [down 51.98pts], Power [down 28.89pts], Auto [down 665.12pts], Healthcare [down 284.96pts], IT [down 35.79pts], Metals [down 157.08pts], TECK [down 21.93pts], Oil& Gas [down 136.48pts]. YOUR MINTVISORY
Prev. Close
Change
%Chg
0.10 4,171.00 981.25
0.05 -23.05 -22.75
100.00 -0.55 -2.27
CMP
Change
% Chg
8724.70 28155.56
-67.60 -183.75
-0.77 -0.65
BIRLACOT BLUEDART BSE
26626.46Indian Indices Company
NIFTY SENSEX
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DAILY REPORT 16
th
FEBRUARY 2017
STOCK RECOMMENDATIONS [FUTURE] 1.VOLTAS [FUTURE]
STOCK RECOMMENDATION [CASH] WELSPUNIND[CASH]
On the daily chart the stock has made bullish doji candle rose with increased volume participation in last trading hours the stock shown good upside move for which the stock is good to buy above 90.50-91 for the target of 93 with SL below 87. VOLTAS Future show under pressure during the Day and ended near day’s low with bearish candlestick in daily chart, But take a trend line support in daily candlestick chart, And since last session it rose with rising OI in short side, So if stock break previous day low we may see sharp downfall ahead . It will good to sell below 335.50 for the target of 331 -325 with SL of 341.50. 2.ZEEL [FUTURE]
Last trading session ZEEL future show positive strength and made a high of 526.70 it’s strong resistance level and ended near this level with big green candle in daily chart. So if future cross yesterday high .We may see sharp rise for that it will be good to Buy above 529 for the target of 534-540 with SL of 520. YOUR MINTVISORY
MACRO NEW Intellect Design dips 12% on stake sale by Rakesh Jhunjhunwala Tata Motors sinks 11%; analysts cut target sharply post Q3 nos Policybazaar will be IPO ready by 2018 Supreme Infra Approves issue of securities up to Rs125cr by way of QIP Tata Steel: Trade Union Members Support Co's Proposal To Close Pension Scheme In UK Cipla Gets US FDA Nod For Oxaliplatin Injectable Sun Pharma Gets Tentative US FDA Nod For Tadalafil Tablets Sun Pharma looking to shift facility from Halol Deepak Fertiliser expands product portfolio Telecom: TRAI to stand by Rs 3050 cr fine Commercial Syn Bags - CRISIL reaffirms rating of BBB and A3+ Telecom: TRAI to stand by Rs 3050 cr fine Maharashtra government derails MMRDA’s plans to raise funds for Metro Fed's Rosengren sees 'at least' three rate hikes per year DLF promoters in last leg of talks for Rs 12-14Kcr sale deal Cabinet approves merger of SBI, 5 associate banks Nestle Q4 -Net profit down 8.7 percent at Rs 167.3 crore versus Rs 183.2 crore (YoY) Saab-Adani in talks for fighter jet manufacturing deal: Mint Jet Airways may order at least 50 Boeing 737 Max planes this year: Mint Call us at +91-731-6642300
DAILY REPORT 16
th
FUTURES & OPTIONS
FEBRUARY 2017
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Op- Strike tion Price Type
LTP
Traded Volume (Contracts)
Open Interest
TCS Board to consider buyback on February 20 Petronet LNG gets first cargo of LNG from Australia Reliance Infrastructure in focus: Reliance Defence signs
NIFTY
CE
8,800 37.25
4,15,749
59,26,200
NIFTY
CE
8,900 13.00
3,22,512
42,75,525
BANKNIFTY
CE
20,500
5.00
2,88,468
9,70,360
TATAMOTOR
CE
460
2.85
15,061
49,75,500
TATAMOTOR
CE
480
1.05
10,338
37,42,500
TATAMOTOR
CE
500
0.60
7,794
28,74,000
TATAMOTOR
CE
440
8.90
4,863
15,46,500
RELIANCE
CE
1,060
7.70
4,355
12,54,500
LTP
Traded Volume (Contracts)
Open Interest
MoU with UAE Bharat Forge - Kalyani Group & Israel Aerospace to form JV in India Sagar Cements successfully completed QIP Novelis to lay off staff in Korea, US to cut costs NTPC plans to make cement,seeks partners
NIFTY FUTURE
MOST ACTIVE PUT OPTION Symbol
Op- Strike tion Price Type
NIFTY
PE
8,700 42.50
3,11,841
45,76,275
NIFTY
PE
8,800 87.35
2,74,670
38,52,975
BANKNIFTY
PE
20,000 21.00
2,59,948
5,55,040
TATAMOTOR
PE
440 10.60
11,805
14,20,500
TATAMOTOR
PE
420
3.90
8,348
18,31,500
TATAMOTOR
PE
460 24.70
4,241
11,67,000
TATAMOTOR
PE
400
1.55
3,545
10,92,000
AXISBANk
PE
480
3.15
3,023
12,32,400
After ending at a 2-week closing low of 8,724 Wednesday, Nifty is likely to open flat today on lack on fresh triggers following the conclusion of the third quarterly earnings season. SGX Nifty was trading fractionally up at 8,760. Nifty is seen facing stiff resistance at 8,800 mark. So we advise to sell Nifty Future if it sustains below 8720 for the targets of 8670 and 8600 with strict stop loss of 8810
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
46566
3211.53
36696
2522.86
368295
24848.69
688.6745
INDEX OPTIONS
770210
55428.45
760111
54686.85
1233227
83204.53
741.6027
STOCK FUTURES
117173
8044.81
143778
9711.72
1085390
70585.34
-1666.906
STOCK OPTIONS
93024
6764.32
95733
6962.13
116729
8051.08
-197.8163 -434.00
INDICES NIFTY BANKNIFTY YOUR MINTVISORY
R2
R1
PIVOT
S1
S2
8842.60
8783.30
8747.60
8688.30
8652.60
20468.00
20315.00
20215.00
20062.00
19962.00
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DAILY REPORT 16
th
FEBRUARY 2017
MCX
RECOMMENDATIONS GOLD
COMMODITY ROUNDUP Copper remained trading sideways even as there were constant threats looming in regards to supplies. Shares in Freeport McMoRan Inc, the world's largest listed copper miner, were down 1% in pre-market trading this week on the company’s decision to halt operations at its Grasberg mine in Indonesia. Copper has rallied lately as a result, hitting its highest levels since May 2015 overnight. Freeport's Grasberg mining complex is responsible for more than a quarter of the Phoenix, Arizona-based company's total output. Freeport was trying to reach a deal with the government of Indonesia to resume exports and previously said that each month of delay in obtaining such approval meant production would be reduced by 70 million pounds of copper and 70,000 ounces of gold.
TRADING STRATEGY: BUY GOLD ABOVE 29200 TGT 29300 29500 SL BELOW 29100 SELL GOLD BELOW 29100 TGT 29000 28800 SL ABOVE 29200 SILVER TRADING STRATEGY:
However, there was no deal that has been reached so far. The miner’s overall consolidated sales for 2017 are expected to be around 4.1 billion pounds of copper, 2.2 million ounces of gold and 92 million pounds of molybdenum, including 1.0 billion pounds of copper, 460,000 ounces of gold and 23 million pounds of molybdenum for first-quarter 2017. MCX Copper was trading at Rs 404.15 per kg, down 0.05%. The prices tested a high of Rs 406.6 per kg and a low of Rs 402.70 per kg. The international crude oil price of Indian Basket as computed by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 54.79 per barrel (bbl) on 14.02.2017. This was lower than the price of US$ 54.87 per bbl on previous publishing day of 13.02.2017. In rupee terms, the price of Indian Basket decreased to Rs. 3667.79 per bbl on 14.02.2017 as compared to Rs. 3674.49 per bbl on 13.02.2017. Rupee closed stronger at Rs. 66.94 per US$ on 14.02.2017 as compared to Rs. 66.97 per US$ on 13.02.2017.
BUY SILVER ABOVE 42700 TGT 42900 43500 SL BELOW 42500 SELL SILVER BELOW 42590 TGT 42390 42000 SL ABOVE 42790 YOUR MINTVISORY
According to Turkey Statistical Institute announced in 2016, Turkish imported 10.42 million tons of iron ore, increased by 4.1%, to 407,000 tons or 4.1%. Among them, Turkey imported 5.172 million tons of iron ore from Brazil, accounting for 49.7% of the total imports; followed by Russian was 1.829 million tons, accounting for 17.6% of total imports; Swedish was 1.499 million tons, accounting for 14.4% of total imports.
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DAILY REPORT 16
th
FEBRUARY 2017
NCDEX
RECOMMENDATIONS DHANIYA
BUY CORIANDER APRABOVE 6725 TARGET 6740 6800 6870 SL BELOW 6695 SELL CORIANDER APRBELOW 6610 TARGET 6595 6535 6465 SL ABOVE 6640
NCDEX INDICES Index
Value
% Change
CORIANDER COTTON SEED GUAR SEED JEERA MAIZE MUSTARDSEED SOYA BEAN SUGAR M GRADE
6687 2220 3259 17010 1412 3810 2968 3865
+1.01 +1.00 +2.23 +0.50 +0.36 +0.82 0.00 +0.39
TURMERIC
6992
+2.16
WHEAT
1820
+1.00
Palm oil imports fell for the third consecutive month by 11.56 per cent to 608,762 tonnes in January, on account of good domestic oilseeds production and better availability of edible oils, industry body Solvent Extractors Association (SEA) said on Wednesday. India, the world’s leading vegetable oil buyer, had imported 688,393 tonnes palm oil in January 2015. The country’s total vegetable oil imports fell by 19 per cent to 1.24 million tonnes (mt) in January this year from 1.26 mt in the year-ago period.
GUARGUM Bargain buying was seen in mustard seed on the account of weak arrivals in local mandies coupled with strong crushing demand. The sources stated that arrivals of around 1.40 1.45 lakh bags have been reported in major producing states . These were almost 30 percent lower than last year. Moreover, strong crushing demand due to hefty buying by mustard meal exporters has also supported the prices. As per the latest data compiled by Solvent Extractors' Association of India, the export of mustard oil meal during January 2017 has jumped 11 percent to report at 2,261 tons compared to 1,990 tons. The NCDEX April prices increased by 0.79 percent to close at Rs 3779 per quintal.
BUY GUARGUM5 20MARABOVE 6740 TARGET 6770 6830 6880 SL BELOW 6690
UK wheat exports tumbled in December. The official data showed that UK December wheat exports came in at 93,425 tonnes, the lowest level seen in December since the 201314 season. This was down 45% from November, and down 63% year-on-year. Elevated prices have had an impact. UK wheat prices at the start of December stood at £140 a tonne, up some 20% on year.
SELL GUARGUM5 20MARBELOW 6550 TARGET 6520 6460 6410 SL ABOVE 6600 YOUR MINTVISORY
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DAILY REPORT 16
th
FEBRUARY 2017
CURRENCY RBI Reference Rate
Currency
Rate rrency
Rate
Rupee- $
66.919 Yen
58.560
Euro
70.820 GBP
83.414
USD/INR
CURRENCY MARKET UPDATES: The rupee has shown remarkable strength against the US dollar at a time when the greenback is rising against other currencies. The recent decision by the Reserve Bank of India to keep interest rate on hold and signal a change in policy stance to 'neutral' from 'accommodative' gave a big boost to the Indian currency. On Wednesday, the rupee was trading close to a three-month high of around 66.90 against the US dollar, which was at three-week highs against a basket of other global currencies.
:BUY USD/INR ABOVE 67.00 TGT 67.20 67.40 SL 66.80 SELL USD/INR BELOW 66.80 TGT 66.60 66.40 SL 67.00 EUR/INR
The rupee extended its gains for the second straight day by moving up another 3 paise to close at 66.90 per dollar on sustained selling of the US currency by banks and exporters despite higher greenback overseas. The rupee resumed slightly higher at 66.92 per dollar as against the yesterday's closing level of 66.93 at the Interbank Foreign Exchange market and moved in a restricted range of 66.88 and 66.95 before finishing at 66.90, showing a gain of 3 paise or 0.04 per cent. The domestic currency gained 12 paise, or 0.18 per cent, in two days. The dollar index was trading higher by 0.23 per cent against a basket of six currencies in late afternoon trade. In the overseas market, the dollar was flat against the yen and euro in the late afternoon trade on Wednesday, after rising on hopes for higher US interest rates following comments from Federal Reserve Chairwoman Janet Yellen who signaled an increase could come in March. However, the US dollar held gains near a 3-1/2week high against basket of currencies in early Asian trade. US Dollar to Indian Rupee Exchange Rate is at a current level of 66.80, up from 66.71 the previous market day and down from 68.44 one year ago. This is a change of 0.13% from the previous market day and -2.40% from one year ago.
BUY EUR/INR ABOVE 71.35 TGT 71.45 71.65 SL 71.15 SELL EUR/INR BELOW 71.10 TGT 70.90 70.70 SL 71.30 YOUR MINTVISORY
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DAILY REPORT 16
th
FEBRUARY 2017
Date
Commodity/ Currency Contract Pairs
Strategy
Entry Level
Target
Stop Loss
Remark
15/02/17
NCDEX DHANIYA
MAR.
BUY
6700
6715-6775
6670
1ST TARGET
15/02/17
NCDEX DHANIYA
MAR.
SELL
6610
6595-6535
6640
NOT EXECUTED
15/02/17
NCDEX GUARGUM
APR.
BUY
6530
6560-6620
6480
FINAL TARGET
15/02/17
NCDEX GUARGUM
APR.
SELL
6440
6410-6350
6490
NOTEXECUTED
15/02/17
MCX GOLD
FEB.
BUY
29170
29220-29321
29101
NOTEXECUTED
15/02/17
MCX GOLD
FEB.
SELL
28955
28905-28804
29024
1ST TARGET
15/02/17
MCX SILVER
MAR.
BUY
42870
43020-43247
42960
NOTEXECUTED
15/02/17
MCX SILVER
MAR.
SELL
42250
42100-41873
42430
NOTEXECUTED
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
Entry Level
Target
Stop Loss
Remark
15/02/17
NIFTY
FUTURE
BUY
8850
8900-8990
8780
NOT EXECUTED
15/02/17
DLF
FUTURE
SELL
145.50
143-140
148.50
TARGET HIT
15/02/17
GAIL
FUTURE
BUY
496
500-505
490
SL TRIGEERED
15/02/17
ARSSINFRA
CASH
BUY
62-63
67-72
59
OPEN
YOUR MINTVISORY
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DAILY REPORT 16
th
FEBRUARY 2017
ECONOMIC CALENDAR
NEXT WEEK'S U.S. ECONOMIC REPORTS TIME
REPORT
PERIOD
ACTUAL
CONSENSUS FORECAST
PREVIOUS
MONDAY, FEB. 6 NONE SCHEDULED TUESDAY, FEB. 7 8:30 AM
FOREIGN TRADE DEFICITS
DEC.
-$45.2BLN
10 AM
JOB OPENINGS
DEC.
5.5 MLN
3 PM
CONSUMER CREDIT
DEC.
$25 BLN
WEDNESDAY, FEB. 8 NONE SCHEDULED THURSDAY, FEB. 9 8:30 AM
WEEKLY JOBLESS CLAIMS
2/4
--
10 AM
WHOLESALE INVENTORIES
DEC.
1.0%
FRIDAY, FEB. 10 8:30 AM
IMPORT PRICE INDEX
JAN.
0.4%
10 AM
CONSUMER SENTIMENT INDEX
FEB.
98.5
2 PM
FEDERAL BUDGET
JAN. Disclaimer
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