DAILY REPORT 11
th
JULY 2016
Global markets at a glance European shares rose on Friday, ending a week of losses on a positive note with Milan outperforming thanks to a rally in its battered baking stocks. Equities got a boost late in the session from a stronger-than-expected jobs report in the United States. The pan-European STOXX Europe 600 rose 1.6 percent but still ended the week with a loss of 1.5 percent due to persistent worries over the economic and political fall-out of Britain's vote on June 23 to leave the European Union. The European banking index, the worst sectoral performer since Brexit and so far this year, rose 3.8 percent. The auto index rose 3.9 percent, making it the biggest sectoral gainer after data showed passenger vehicle sales in China rose 19.4 percent in June. The benchmark S&P 500 stock index brushed against its record closing high on Friday as Wall Street rallied after a much-larger-than-expected jump in jobs growth confirmed the US economy has regained speed after a first-quarter lull. S&P briefly traded above its record close but ended less than a point below it and was three points away from the all-time intraday high of 2,134.72 reached in May 2015. On a total return basis, including reinvested dividends, S&P 500 ended at a record high. The DJi average closed 250.86 pts, or 1.4%, higher at 18,146.74; the S&P 500 gained 32 pts, or 1.53%, to 2,129.9 and the Nasdaq Composite added 79.95 pts, or 1.64%, to 4,956.76. The S&P hit a session high of 2,131.71, briefly trading above its record closing high of 2,130.82 set in May 2015. For the week, the three major indexes posted gains of more than 1% Previous day Roundup The Sensex edged lower on Friday and posted a small weekly loss as investors braced themselves for the start of the quarterly earnings season, with global equity markets cautiously lower ahead of U.S. jobs data. The Sensex fell 0.27 percent to close at 27,126.90. It fell 0.07 percent for the week. The Nifty ended down 0.18 percent at 8,323.20, posting a gain of 0.12 percent for the week. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 29.75 pts], Capital Goods [down 1514.16 pts], PSU [down 47.90 pts], FMCG [up 124.32 Pts], Realty [down 3.63 pts], Power [up 0.41 pts], Auto [up 124.32 pts], Healthcare [up 68.38 pts], IT [down 6.91 pts], Metals [down 42.79 Pts], TECK [down 12.46 pts], Oil& Gas [down 98.22 pts].
YOUR MINTVISORY
World Indices Index
Value
% Change
DJI S&P500 NASDAQ FTSE100 NIKKEI
18038.00 2120.50 4956.76 6549.00 15350.00
+1.23 +1.36 +1.64 +0.90 +1.52
HANG SENG
20564.17
-0.69
Top Gainers Company
CMP
Change
% Chg
TATAMOTORS
466.30
11.45
2.45
HEROMOTOCO
3174.95
72.25
2.33
ASIANPAINTS
1010.55
22.85
2.31
INDUSINBK
1126.60
21.20
1.92
777.00
14.15
1.85
CMP
Change
% Chg
102.00 375.25 355.00 154.60 137.60
-2.75 -9.55 -8.35 -3.55 -2.05
-2.63 -2.48 -2.30 -2.24 -1.46
Prev. Close
Change
%Chg
1218.00
17.50
1.46
ADI
391.00
65.15
19.99
AMBUJACEM
258.00
1.05
0.41
ASPINWALL
304.65
14.50
5.00
25.95
-1.05
-3.89
BIRLACOT
0.10
0.00
0.00
BLBLIMITED
6.45
1.05
19.44
Prev. Close
Change
%Chg
0.10 148.50 18.50
0.00 1.30 0.05
0.00 0.88 0.37
CMP
Change
% Chg
8323.20 27126.90
-14.70 -74.59
-0.18 -0.27
AUROPHARMA
Top Losers Company
IDEA GAIL BHARTIAIRTEL BANKBARODA BHEL
Stocks at 52 Week’s HIGH Symbol
ACCLEYA
BANG
Stocks at 52 Week’s LOW Symbol
BIRLACOT COMPINFO DBSTOCKBRO
Indian Indices Company
NIFTY SENSEX
Call us at +91-731-6642300
DAILY REPORT 11
th
JULY 2016
STOCK RECOMMENDATIONS [FUTURE] 1. HEROMOTOCO [FUTURE]
Last trading session HEROMOTOCO future show good strength and close near day high with bullish candlestick in daily chart. since last session it rose with rising OI in long side and last day stock close near major resistance level. We may see sharp rise for that it will be good to buy above 3170 for the target of 3190-3220 with SL of 3144. 2. INDUSINDNBK [FUTURE]
Last trading session INDUSINDBK future give out-performed in banking sector and close near day high with bullish candlestick in daily chart. And stock close near major resistance level and since last session it rose with rising OI in long side . We may see sharp rise for that it will be good to buy above 1135 for the target of 1142-1150 with SL of 1126. YOUR MINTVISORY
STOCK RECOMMENDATION [CASH] ASHOKLEY [CASH]
On the daily chart ASHOK LEYLAND has reversed from trend line support level and has made doji candlestick pattern in last trading session for this it seems to be good buy opportunity for the day .So we advise to buy ASHOKLE above 94.30 for the targets of 95.30 96.50 with stop loss below 93.50 MACRO NEWS PFC to consider issue of bonus shares next week Telecom stocks dive up to 4% on DoT demand notice worries Indian banks' loans rose 9.4% y-o-y in two weeks to June 24: RBI NHAI to issue 200,000 FASTag by March 2017 Kerala govt proposes Rs 12,000 crore anti-recession package in Budget Sidbi partners Yes Bank for loan guarantee under World Bank scheme L&T Infotech IPO to open on July 11: 10 things you should know Realty Body’s NCR chapter to boycott Shree Cement Tata Motors global sales rise 21% to 92,551 units in June Polaris eyes 60 per cent growth for Indian Motorcycle this year Government's tax kitty swells to Rs 3.24 lakh crore in April-June 'Bharat Financial unlikely to cut rates' Neyveli to pick up 75 per cent in DVC’s thermal project Solar power at Rs 2.2 per unit: Possible in Dubai, not in India Larsen & Toubro bags two packages each of Mumbai Metro Rail Corporation Call us at +91-731-6642300
DAILY REPORT 11
th
FUTURES & OPTIONS
JULY 2016
MOST ACTIVE CALL OPTION Symbol
Op- Strike tion Price Type
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
CE
8,400 76.35
1,90,479
36,89,550
NIFTY
CE
8,500 39.80
1,40,819
44,03,100
BANKNIFTY
CE
18,100 79.00
48,291
1,91,640
LUPIN
CE
1700 27.00
5,149
4,61,400
LT
CE
1,600 19.00
1,708
7,33,500
TATASTEEL
CE
320
9.05
1,716
16,10,000
ASHOKLEY
CE
100
1.25
2,008 1,17,39,000
RELIANCE
CE
1,000 13.90
2,902
16,42,500
LTP
Traded Volume (Contracts)
Open Interest
STOCKS IN NEWS Dishman Pharma moves to making analogs instead of low value Vitamin D3 Tata Steel looks at e-auction to secure iron ore for Kalinganagar plant Cadila gets EIR from USFDA for Moraiya facility Tata Motors global sales rise 21% to 92,551 units. Ashok Leyland launches Captain 40iT tractor in Kolkata. Maruti firm on double digit growth target in FY'17 South Indian Bank net profit up 45.6% Tata Steel cancels sale of UK business NIFTY FUTURE
MOST ACTIVE PUT OPTION Symbol
Op- Strike tion Price Type
NIFTY
PE
8,300 89.00
1,88,847
32,08,275
NIFTY
PE
8,200 58.40
1,44,470
49,08,450
BANKNIFTY
PE
18,000 86.00
53,157
2,64,440
TATASTEEL
PE
300
8.05
1,041
14,34,00
SBIN
PE
215
5.05
1,210
21,72,000
LUPIN
PE
1,600 38.00
2,749
1,06,200
LUPIN
PE
1,550 21.00
1,625
1,13,400
ICICIBANK
PE
997
19,57,500
240
5.95
NIFTY in last trading session went down in initial hours due to profit booking but later in second half covered some losses. Since on weekly and daily chart Nifty has closed above previous resistance. So we advise you to buy it above 8350 for the targets of 8410 and 8500 with strict stop loss of 8250.
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
17261
1137.01
21092
1358.65
237744
15148.95
-221.64
INDEX OPTIONS
306266
20072.29
299589
19671.21
827968
52081.43
401.09
STOCK FUTURES
72637
4595.70
68599
4313.85
793562
49469.86
281.85
STOCK OPTIONS
37525
2410.21
38055
2439.46
57978
3672.92
-29.25
TOTAL
432.05
INDICES NIFTY BANKNIFTY YOUR MINTVISORY
R2
R1
PIVOT
S1
S2
8387.10
8355.10
8321.30
8289.30
8255.30
18170.00
18093.00
18001.00
17924.00
17832.00
Call us at +91-731-6642300
DAILY REPORT 11
th
JULY 2016
MCX
RECOMMENDATIONS GOLD
TRADING STRATEGY: BUY GOLD ABOVE 31900 TARGET 32000 32120 SL 31780 SELL GOLD BELOW 31540 TARGET 31340 31220 SL 31650
SILVER
COMMODITY ROUNDUP MCX Copper was trading at Rs 319.95 per kg, up 0.30%. The prices of Copper tested a high of Rs 320.60 per kg and a low of Rs 318.75 per kg. Meanwhile, major news were realized last week from CoT. CoT report holds significance for the prices of Copper was released last week. This CoT report is expected to give direction to Copper prices in near future. The long positions of Merchants were 37001 on 28 June 2016 against 48019 on 21 June 2016, while short positions increased to 56284 on 28 June 2016 against 55892 on 21 June 2016. Overall the net positions in case of merchants are favoring shorts by 19283. The long positions of Money Managers decreased by 127. The total long positions of Copper for the one week period ending 28 June 2016 was 31985 compared to 32112 on 21 June 2016. Short position of Copper money managers decreased by 22226 lots to 37924 on 28 June 2016 against 60150 on 21 June 2016. The net positions were in favour of long position holders by 5939. Meanwhile, Indian MCX Copper was trading at Rs 318 per kg, up 0.24%. The prices tested a high of Rs 320.30 per kg and a low of Rs 316.15 per kg. Gold edged down on Friday as investors turned cautious ahead of US jobs data later in the day, but the precious metal remained on course for a sixth consecutive weekly gain. Spot gold was trading down 0.3% at $1,356.41 an ounce by 0656 GMT. Bullion has risen about 1% so far this week. US gold fell 0.3% to $1,358.10 an ounce. Silver, which touched a two-year high on Monday, was trading down 0.1% at $19.64. Among other precious metals, platinum was down 0.7% at $1,078.40 an ounce and palladium fell 0.8% to $602.95 an ounce.
TRADING STRATEGY: BUY SILVER ABOVE 47600 TARGET 47800 48100 SL 47350 SELL SILVER BELOW 47000 TARGET 46800 46500 SL 472 YOUR MINTVISORY
Lead prices moved up by 0.24% to Rs 125.10 per kg in futures trade as participants enlarged their positions, driven by pick-up in spot market demand and gains in base metals overseas. At the Multi Commodity Exchange, lead for delivery in August moved up by 30 paise, or 0.24%, to Rs 125.10 per kg, in a business turnover of 11 lots. Likewise, the metal for delivery in July edged up by 25 paise, or 0.20%, to Rs 124.30 per kg in 707 lots Attributed the rise in lead futures to speculators enlarging their positions following pick-up in demand from battery-makers in the spot market. Besides, a firming trend in select base metals overseas influenced metal prices. Call us at +91-731-6642300
DAILY REPORT 11
th
JULY 2016
NCDEX
RECOMMENDATIONS DHANIYA
BUY CORIANDER AUG ABOVE 7377 TARGET 7422 7522 SL BELOW 7312 SELL CORIANDER AUG BELOW 7308 TARGET 7263 7163 SL ABOVE 7373 GUARGUM
NCDEX INDICES Index
Value
% Change
BARLEY CHANA CORIANDER COTTON SEED GUAR SEED JEERA MUSTARDSEED REF SOYA OIL SUGAR M GRADE TURMERIC
1581.5 7251 2569 3305 18465 1547 4747 626.8 3565 8040
+0.25 -0.55 +1.10 -.093 +1.57 -0.26 -.77 -0.79 -0.72 -0.32
Bullish trend resumed in jeera futures due to strong exports against receding supplies in local mandies. The sources stated that amidst geopolitical tensions in Syria and Turkey have reduced global supply of jeera. The most of the major importing nations such as China and Middle East regions are buying heavily in Indian market. As per trade data, India has exported 45 thousand tonnes of jeera in first quarter of 2016 against 13 thousand tonnes of the last year in the same period. The NCDEX August Jeera futures increased by 1.64 percent to close at Rs 18870 per quintal. On the back of estimated higher cane acreage and better recovery, sugar production in Uttar Pradesh is projected to jump by 10% in 2016-17 crushing season. The state sugar production in the coming season is pegged at 75.40 lakh tonnes (LT) compared to 68.22 LT in 2015-16, a hike of about 10.54%. UP, India's leading sugarcane producer, is projected to increase its acreage to 23.35 lakh hectares (LH) during 2016-17. Last year, the area under the cash crop was a shade lower at 23.02 LH, according to Indian Sugar Mills Association (ISMA). As per latest update from Ministry of Agriculture, the total sown area as on 8th July, 2016 as per reports received from States, stands at 406.27 lakh hectare as compared to 431.82 lakh hectare at this time last year.
BUY GUARGUM OCT ABOVE 6450 TARGET 6500 6570 SL BELOW 6390 SELL GUARGUM OCT BELOW 6250 TARGET 6200 6130 SL ABOVE 6310
YOUR MINTVISORY
There are strong signals that some areas under soybeanin Madhya Pradesh and Rajasthan, its prime growing states, could shift towards pulses in this kharif season. In Karnataka, too, farmers are bringing more area under pulses. A strong recovery in the southwest monsoon in the first week of July, with showers being around 35 per cent more than normal, seems to have helped. Call us at +91-731-6642300
DAILY REPORT 11
th
JULY 2016
CURRENCY RBI Reference Rate
Currency
Rate Currency
Rate
Rupee- $
67.458 Yen-100
67.150
Euro
74.716 GBP
87.318
USD/INR
BUY USD/INR JULY ABOVE 67.57 TARGET 67.7 67.85 SL BELOW 67.37 SELL USD/INR JULY BELOW 67.49 TARGET 67.36 67.21 SL ABOVE 67.69 EUR/INR
CURRENCY MARKET UPDATES: The rupee recovered from initial losses and ended higher by 2 paise to 67.37 per dollar on fresh selling of the American currency by banks and exporters on the back of lower greenback in the overseas market amidst volatile domestic equities. The rupee opened lower at 67.47 per dollar as against the last closing level of 67.39 at the Interbank Forex market and dropped further to 67.5050 on initial dollar demand from banks and importers. However, it recovered afterwards to 67.30 on fag-end selling of dollars by banks and exporters before ending at 67.37, showing a marginal gain of 2 paise or 0.02 per cent. The domestic currency has gained by 8 paise or 0.11 per cent in two days. Meanwhile, the RBI fixed the reference rate for the dollar at 67.4584 and euro at 74.7169. In crosscurrency trades, the rupee moved up further against the pound sterling to end at 87.41 from 87.81 yesterday and firmed up further against the euro to 74.55 from 74.65. The domestic currency moved down further against the Japanese yen to 67.08 per 100 yens from 66.68. The US dollar index, which tracks the greenback against a basket of six rival currencies, was trading down by 0.14 per cent in the late afternoon trade. In the overseas market, the dollar edged down against most major currencies in early Asian trade as investors awaited US jobs data later in the session. However, the dollar held steady in the late trade today against the Japanese yen and the euro as investors awaited the release of the June jobs report. The rupee too traded sideways in absence of directional clarity. Thus to end the day rupee closed with a gain of 2 paisa at 67.37/$. Trading range for the spot $/INR pair will be 67 to 67.50/$.
BUY EUR/INR JULY ABOVE 75.04 TARGET 75.19 75.39 SL BELOW 74.84 SELL EUR/INR JULY BELOW 74.35 TARGET 74.2 74 SL ABOVE 74.55 YOUR MINTVISORY
In the forward market, premium for dollar eased further on persistent receiving's from exporters. The dollar edged down against most major currencies in Asian trade on Friday but remained on track for a weekly gain. Call us at +91-731-6642300
DAILY REPORT 11
th
JULY 2016
Date
Commodity/ Currency Pairs
Contract
Strategy
Entry Level
Target
Stop Loss
Remark
08/07/16
NCDEX DHANIYA
AUG.
BUY
7460
7505-7605
7395
NOT EXECUTED
08/07/16
NCDEX DHANIYA
AUG.
SELL
7300
7255-7155
7365
NOT EXECUTED
08/07/16
NCDEX GUARGUM
AUG.
BUY
6450
6500-6570
6390
NOT EXECUTED
08/07/16
NCDEX GUARGUM
AUG.
SELL
6330
6280-6210
6390
BOOKED PROFIT
08/07/16
MCX GOLD
AUG.
BUY
31700-31750
31850-32000
31590
BOOKED PROFIT
08/07/16
MCX GOLD
AUG.
SELL
31590
31350-31200
31650
BOOKED PROFIT
08/07/16
MCX SILVER
SEPT.
BUY
47100
47300-47600
46750
SL TRIGGERED
08/07/16
MCX SILVER
SEPT.
SELL
46750
46350-46000
47100
BOOKED FULL PROFIT
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
Entry Level
Target
Stop Loss
Remark
08/07/16
NIFTY
FUTURE
SELL
8330
8280-8200
8400
BOOKED PROFIT
08/07/16
HDFCBANK
FUTURE
BUY
1193
1199-1210
1182
NOT EXECUTED
08/07/16
TATASTEEL
FUTURE
SELL
307
304-300
312.5
SL TRIGGERED
08/07/16
EROSMEDIA
CASH
BUY
222
225-227.5
219.5
SL TRIGGERED
07/07/16
NIFTY
FUTURE
BUY
8340
8290-8200
8240
NO PROFIT NO LOSS
04/07/16
NIFTY
FUTURE
BUY
8380
8430-8500
8290
CALL OPEN
YOUR MINTVISORY
Call us at +91-731-6642300
DAILY REPORT 11
th
ECONOMIC CALENDAR
JULY 2016
NEXT WEEK'S U.S. ECONOMIC REPORTS TIME
REPORT
PERIOD
ACTUAL
CONSENSUS FORECAST
PREVIOUS
MONDAY, JULY 11 NONE SCHEDULED 6 AM 10 AM 10 AM
TUESDAY, JULY 12 NFIB SMALL BUSINESS INDEX JUNE JOB OPENINGS MAY WHOLESALE INVENTORIES MAY
----
93.8 5.8 MLN 0.6%
JUNE
--
1.4%
JUNE
--
$50 BLN
WEDNESDAY, JULY 13 8:30 AM 2 PM 2 PM
IMPORT PRICE INDEX BEIGE BOOK FEDERAL BUDGET
THURSDAY, JULY 14 8:30 AM
WEEKLY JOBLESS CLAIMS
7/9
N/A
N/A
8:30 AM
PRODUCER PRICE INDEX
JUNE
0.2%
0.4%
FRIDAY, JULY 15 8:30 AM
CONSUMER PRICE INDEX
JUNE
0.2%
0.2%
8:30 AM
CORE CPI
JUNE
0.2%
0.2%
8:30 AM
RETAIL SALES
JUNE
0.1%
0.5%
8:30 AM
RETAIL SALES EX-AUTOS
JUNE
0.6%
0.4%
8:30 AM
EMPIRE STATE INDEX
JULY
--
6.0
9:15 AM
INDUSTRIAL PRODUCTION
JUNE
--
-0.4%
9:15 AM
CAPACITY UTILIZATION
JUNE
--
74.9%
10 AM
CONSUMER SENTIMENT
JULY
92.0
93.5
10 AM
BUSINESS INVENTORIES
MAY
--
0.1%
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