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DAILY REPORT

th
10 JULY 2017

Global markets at a glance World Indices


Wall Street stocks closed on a high note Friday, with the Index Value % Change
S&P 500 index posting its best gain in six sessions on the
heels of a US payrolls report that gave investors more con- DJI 21312.50 -0.44
fidence in the strength of the US economy. The economy S&P500 2409.00 -0.50
added 222,000 jobs last month, Labor Department data NASDAQ 6153.08 +1.03
showed, exceeding expectations of a 179,000 gain, putting FTSE100 7350.92 +0.19
the Federal Reserve on track to raise interest rates once
more this year. However, muted wage growth may give the NIKKEI 19929.09 -0.33
Fed room to pause if need be.The Dow Jones Industrial Av- HANG SENG 25340.85 -0.49
erage rose 94.3 points, or 0.44 percent, to end at Top Gainers
21,414.34, the S&P 500 gained 15.43 points, or 0.64 per- Company CMP Change % Chg
cent, to 2,425.18 and the Nasdaq Composite added 63.62
points, or 1.04 percent, to 6,153.08. LUPIN 1,120.00 38.70 3.58
The majority of the European markets ended Friday's ses- RELIANCE 1,489.50 46.9 3.25
sion with small losses. The markets were stuck in a side- AUROPHARMA 698.65 15.25 2.23
ways patter for the majority of the day and finished the
BHARTIARTL 387.55 6.25 1.64
session little changed overall. Falling crude oil prices and
continued geopolitical concerns weighed on investor senti- ZEEL 508.10 7.05 1.41
ment at the end of the trading week. The release of the Top Losers
better than expected U.S. jobs report failed to provide
Company CMP Change % Chg
much of a boost in the afternoon.
Most Asian indexes were in positive territory in Monday INFRATEL 407.05 -7.65 -1.84
trade as Chinese inflation data for June met market expec- IBULHSGFIN 1,064.80 -18.40 -1.70
tations. The Nikkei 225 advanced 0.59 percent and South ONGC 159.10 -2.60 -1.61
Korea's benchmark Kospi index edged up 0.01 percent. ASIANPAINT 1,114.15 -18.00 -1.59
Markets in greater China were mixed. The Hang Seng Index
VEDL 257.50 -4.15 -1.59
was up 0.48 percent, but markets on the mainland traded
lower. The Shanghai Composite was off by 0.17 percent Stocks at 52 Weeks HIGH
and the Shenzhen Composite slid 0.231 percent. Symbol Prev. Close Change %Chg
ALMONDZ 22.50 2.25 11.11
Previous day Roundup ANDHRSUGAR 342.90 -3.45 -1.00
Key indices settled trading for the week with tiny losses ASHOKLEY 104.15 1.95 1.91
after what was a range bound and lackluster session. Profit BALAJITELE 171.80 11.35 7.07
booking emerged on weak global cues. The barometer in-
BIRLAMONEY 87.65 4.15 4.97
dex, the S&P BSE Sensex fell 8.71 points or 0.03% to settle
at 31,360.63. The Nifty 50 index declined 8.75 points or CARBORUNIV 339.10 4.95 1.48
0.09% to settle at 9,665.80. However, gains in index heavy- CDSL 330.90 37.00 12.59
weight Reliance Industries provided support to indices. Key Stocks at 52 Weeks LOW
indices snapped two-day winning streak. Symbol Prev. Close Change %Chg
CHROMATIC 1.95 -0.05 -2.50
Index stats
FCSSOFT 0.20 -0.05 -20.00
The Market was very volatile in last session. The sartorial in
FLEXITUFF 112.40 -1.95 -1.71
dices performed as follow; Consumer Durables [down
60.30pts.], Capital Goods [up 26.70pts], PSU [down Indian Indices
5.51pts], FMCG[down 38.24pts], Realty [up 31.55pts], Company CMP Change % Chg
Power[up 3.38pts], Auto[down 40.48pts], Healthcare [up
145.95pts], IT [down 72.16pts], Metals [down 11.01 NIFTY 9665.80 -8.75 -0.09
pts], TECK [down 29.05pts], Oil& Gas [up 58.65pts]. SENSEX 31360.63 -8.71 -0.03
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DAILY REPORT
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10 JULY 2017

RECOMMENDATIONS [FUTURE] STOCK RECOMMENDATION [CASH]


1.VEDL[FUTURE ] JMFINANCIAL [CASH]

the stock closed with long bullish candle on daily chart


near resistance level of 126 above which stock is indicating
good upside move , also the stock has generated bullish
moving average crossover on hourly chart and RSI indica-
tor is upside for which the stock is good buy above 126
level for the target of 130-133 with SL below 120.
VEDL Fut is looking because of all metal sector is out per-
forming but if we see daily chart on VEDL then it created
evening star pattern while weekly chart is still positive since MACRO NEW
264 is still strong resistance on chart as well as this resis-
Biocon gets GMP (good manufacturing practice) nod for
tance line showing strong reversal on chart while risk reward
biologics drug substance units from French Regulator
ratio is also favorable so we advise to sell it around 263 for
IDFC, Shriram Capital to announce merger to create
target of 255 240 with strict stop loss of 266.50
USD 10 billion company
Fortis Healthcare receives approval to enhance FII limit
2.NCC[FUTURE]
on total holdings to 75 percent
Tata Motor Jagaur Land Rover sales up 3.5 percent in
April-June quarter (YoY)
Monnet Ispat IDFC Bank has invoked the pledge of
shares of Monnet Power Company held by the com-
pany
Cadila Healthcare Zydus receives final approval from
the USFDA for Doxazosin table
Sun Pharma's enters into settlement with Apotex Cor-
poration regarding Modafinil antitrust litigation
REC (financial creditor) files application under Section 7
of insolvency and bankruptcy code against Ferro Alloys
NTPC says Tata Power, Essar plants in Gujarat fit for
takeover
After CRISIL, now Fitch looking to buy stake into CARE
NCC last week was too volatile it respected midterm sup- ratings
port level as well as short term resistance after making low
Gati, Peepul, TVS Logistics keen to acquire Vulcan from
of 87.85 it made high of 93 but finished at same of the previ-
snapdeal
ous week at 89.85. On weekly chart it end with bullish ham-
mer candle stick pattern while the market is also near resis- Tata Teleservices: Tata Sons to inject Rs 12,000 crore
tance of 9710 so we advise to sell it around 92.50-93.50 with more in telecom arm
stop loss of 96 on closing basis for target of 88 85. Bhushan and Essar lenders to tap global investors

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10 JULY 2017
FUTURES & OPTIONS

MOST ACTIVE CALL OPTION STOCKS IN NEWS


FAG Bearings to change Name of company to Schaef-
Symbol Op- Strike LTP Traded Open
tion Price Volume Interest fler India
Type (Contracts) Asian Granito Company launches new range of tiles
Surya Roshni launches super-efficient BLDC Fan SS-32
NIFTY CE 9,700 65.65 1,33,992 40,78,125
Jyoti Resins board approves stock split of 10 shares
BANKNIFTY CE 23,500 93.00 1,16,298 3,99,360 for every 1 share held
BANKNIFTY CE 23,600 56.75 1,07,124 4,56,640 Navin Fluorine passes resolution for subdivision of
equity shares in the ratio of 5 shares for every 1 share
RELIANCE CE 1,500 27.20 13,199 12,22,500
held
RELIANCE CE 1,480 35.00 7,288 6,51,000
RELIANCE CE 1,460 46.35 6,130 5,68,500 NIFTY FUTURE
RELIANCE CE 1,520 20.00 5,948 5,73,000
RELIANCE CE 1,440 59.00 3,475 8,41,000
MOST ACTIVE PUT OPTION
Symbol Op- Strike LTP Traded Open
tion Price Volume Interest
Type (Contracts)
NIFTY PE 9,600 60.70 1,24,182 57,03,750
NIFTY PE 9,500 36.45 86,566 63,19,875 Nifty closed near all time highest level with gain of 150
BANKNIFTY PE 23,400 101.85 83,207 2,77,400 points and on daily chart it is forming double top pat-
tern. Before last week it bounced from 50dma level of
RELIANCE PE 1,440 15.10 3,604 5,03,000 9464 and facing resistance around 9710 so the trend is
RELIANCE PE 1,400 7.05 3,442 8,15,000 positive and Nifty has support around 9570 since govern-
RELIANCE PE 1,420 10.30 2,532 3,34,000 ment still taking action for banks reforms so we can ex-
pect more upside & around 9600 it will be good to buy
RELIANCE PE 1,460 22.70 2,373 2,28,000 nifty for target of 9700 while if Nifty sustain above 9700
RELIANCE PE 1,480 30.60 2,059 4,76,000 then we can see 10K level.

FII DERIVATIVES STATISTICS


BUY SELL OPEN INTEREST AT THE END OF THE DAY
No. of Amount in No. of Amount in No. of Amount in
NET AMOUNT
Contracts Crores Contracts Crores Contracts Crores
INDEX FUTURES 10233 792.13 21090 1553.21 268656 20234.84 -761.08
INDEX OPTIONS 292730 23829.37 288626 23395.06 790777 59061.95 434.31
STOCK FUTURES 95503 6645.91 90252 6453.71 1048216 70599.03 192.20
STOCK OPTIONS 57257 4244.68 55817 4120.97 62102 4519.01 123.71
-10.00

INDICES R2 R1 PIVOT S1 S2

NIFTY 9705.60 9685.30 9663.60 9643.30 9621.60


BANKNIFTY 23539.00 23494.00 23447.00 23402.00 23355.00

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DAILY REPORT
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10 JULY 2017
MCX

RECOMMENDATIONS COMMODITY ROUNDUP


GOLD Gold futures were trading lower during afternoon trade in
TRADING STRATEGY: the domestic market on Friday as investors and speculators
exited their positions in the precious metal as safe-haven
demand faded on firm dollar and rising Treasury yields. Be-
sides investors remained cautious ahead of the monthly US
non-farm payrolls data due later in the day. At the MCX gold
futures for August 2017 contract is trading at Rs 28006 per
10 grams down by 0.39 per cent after opening at Rs 28050
against a previous close of Rs 28116. It touched the intra-
day low of Rs 27986

Silver futures fell over 1 per cent during evening trade in the
domestic market on Friday as investors and speculators ex-
ited their positions in the precious metal as safe-haven de-
mand faded on firmer greenback and rising Treasury yields.
Besides investors remained cautious ahead of the monthly
US non-farm payrolls data due later in the day. At the MCX
silver futures for September 2017 contract is trading at Rs
37058 per kg down by 1.05 per cent after opening at Rs
37440 against a previous close of Rs 37452. It touched the
BUY GOLD AUG ABOVE 28120 TGT 28220/28420 SL BELOW intra-day low of Rs 37005
28000
SELL GOLD AUG BELOW 27700 TGT 27600/27400 SL ABOVE Copper futures were trading lower during afternoon trade
28916 in the domestic market on Friday as investors and specula-
tors exited their positions in the industrial metal due to ease
SILVER in demand on firmer greenback and rising Treasury yields.
Besides investors keenly awaited the monthly US non-farm
payrolls data due to be released later in the day. At the MCX
copper futures for August 2017 contract is trading at Rs
381.20 per kg down by 0.29 per cent after opening at Rs
382.20 against a previous close of Rs 382.30. It touched the
intra-day low of Rs 380.50 Nickel futures fell over 1 per cent
during evening trade in the domestic market on Friday as
investors and speculators exited their bets in the industrial
metal on the back of ease in demand amid firmer US dollar
and rising Treasury yields. Besides investors keenly awaited
the monthly US non-farm payrolls data due to be released
later in the day.

The international crude oil price of Indian Basket as com-


puted today by Petroleum Planning and Analysis Cell (PPAC)
under the Ministry of Petroleum and Natural Gas was US$
47.59 per barrel (bbl) on 06.07.2017. This was lower than
the price of US$ 48.16 per bbl on previous publishing day of
TRADING STRATEGY:
05.07.2017. In rupee terms, the price of Indian Basket de-
BUY SILVER SEPT ABOVE 36700 TGT 36900/37150 SL BE- creased to Rs. 3082.52 per bbl on 06.07.2017 as compared
LOW 36500 to Rs. 3117.04 per bbl on 05.07.2017. Rupee closed weaker
SELL SILVER SEPT BELOW36200 TGT 36000/35800 SL ABOVE at Rs. 64.78 per US$ on 06.07.2017 as compared to Rs.
36450 64.72 per US$ on 05.07.2017.

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NCDEX

NCDEX INDICES
RECOMMENDATIONS
Index Value % Change
DHANIYA
CASTOR SEEDS 1406 +0.76
CORIANDER 4381 -1.62
COTTON SEED 4970 +1.49
GUAR SEED 1708 -0.70
JEERA 3196 -2.11
MUSTARDSEED 18560 +0.08
SOYA BEAN 3607 -0.47
SUGARM GRADE 2957 +0.24
TURMERIC 6860 +3.72
WHEAT 1638 -0.12
As per the latest release from Cotton Association of India
(CAI), India's Cotton exports are likely to see a decline of
17 per cent in the 2016-17 cotton season. India exported
72 lakh bales of cotton in 2015-16 and has estimated the
exports to touch 60 lakh bales in the ongoing cotton sea-
son. The CAI has placed its cotton crop estimate for the
season at 336.25 lakh bales of 170 kgs each. The pro-
BUY CORIANDER APR ABOVE 4940 TARGET 4980 5030
jected balance sheet drawn by the CAI has estimated total
5080 SL BELOW 4890
cotton supply for the season at 406.25 lakh bales while the
SELL CORIANDER APR BELOW 4930 TARGET 4900 5860 domestic consumption is estimated at 305 lakh bales. In-
5810 SL ABOVE 4980 dia had harvested 337.75 million bales of cotton in 2015-
16.

GUARGUM
Cardamom futures jumped over 1 per cent during evening
trade in the domestic market on Friday as investors and
speculators extended their positions in the agri-commodity
amid an upsurge in physical demand for cardamom in the
domestic spot market. Further insufficient supplies on re-
stricted physical arrivals from the major cardamom pro-
ducing regions supported the uptrend in the domestic car-
damom prices. At the MCX cardamom futures for July
2017 contract is trading at Rs 1100 per kg up by 1.06 per
cent after opening at Rs 1095 against a previous close of
Rs 1088.50. It touched the intra-day high of Rs 1100

Mentha oil futures were trading lower during morning


trade in the domestic market on Friday as investors and
speculators cut down their positions in the agri-commodity
amid muted physical demand for mentha oil from major
consuming industries in the domestic spot market. At the
MCX mentha oil futures for July 2017 contract is trading at
Rs 930.50 per kg down by 0.28 per cent after opening at
BUY GUARGUM5 ABOVE 6770 TARGET 6800 6840
Rs 926.30 against the previous closing price of Rs 933.10.
6890 SLBELOW 6720
It touched the intra-day low of Rs 926
SELL GUARGUM5 BELOW 6600 TARGET 6570 6530 6480 SL
ABOVE 6650

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DAILY REPORT
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10 JULY 2017
CURRENCY

RBI Reference Rate


Currency Rate Currency Rate
Rupee- $ 64.734 Yen 56.940
Euro 73.881 GBP 83.882

USD/INR CURRENCY MARKET UPDATES


The Indian rupee edged higher in early trades on Friday, 07
July 2017 on fresh selling of the American unit by exporters
and banks. Dollar turned weak overseas after a key US em-
ployment report showed that job growth has slowed,
which supported the rupee.

The domestic currency opened at Rs 64.75 against the dol-


lar and climbed to a high of 64.7075 so far during the day.
In the spot currency market, the Indian unit was last seen
trading at 64.7425. Yesterday, the rupee ended steady at
64.78 in a range- bound trade amid concerns over a possi-
ble interest rate hike by the Federal Reserve.

Domestic benchmark indices extended initial losses and hit


fresh intraday low in morning trade as weakness in Asian
BUY USD/INR ABOVE 64.85 TGT 65 65.20 SL 64.65 stocks weighed on sentiment. At 10:20 IST, the barometer
SELL USD/INR BELOW 64.60 TGT 64.45 64.25 SL 64.80 index, the S&P BSE Sensex was down 68.96 points or 0.22%
at 31,300.38. The Nifty 50 index was down 23 points or
0.24% at 9,651.55. Overseas, Asian stocks declined after
EUR/INR
negative close for US stocks overnight as investors become
more cautious about the prospects of global central bank
tightening.

Meanwhile, the U.S. dollar index, which measures the


greenback's strength against a trade-weighted basket of six
major currencies, rose 0.02% to 95.60. Overnight, the dol-
lar sank to session lows against a basket of global curren-
cies on Thursday, after a duo of labor market reports un-
dershot expectations, suggesting a cooling labor market.

Japan's leading index that measures the future economic


activity, rose to 104.7 in May from 104.2 in April, prelimi-
nary data from the Cabinet Office showed Friday. The
score was forecast to rise to 104.6. Meanwhile, the coinci-
dent index dropped to 115.5 in May, in line with expecta-
tions, from 117.1 in the previous month. The index reflects
BUY EUR/INR ABOVE 74.00 TGT 74.15 74.35 SL 73.80 the current economic activity. The lagging index came in at
SELL EUR/INR BELOW 73.75 TGT 73.60 73.73.40 SL 73.95 116.7 in May versus 117.1 a month ago.

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ECONOMIC CALENDAR

NEXT WEEK'S U.S. ECONOMIC REPORTS


CONSENSUS
TIME REPORT PERIOD ACTUAL PREVIOUS
FORECAST
MONDAY, JULY 10

3 PM CONSUMER CREDIT MAY $8 BLN

TUESDAY, JULY 11

6 AM NFIB SMALL BUSINESS INDEX JUNE 104.5

10 AM JOB OPENINGS MAY 6,0 MLN

10 AM WHOLESALE INVENTORIES MAY -0.5%

WEDNESDAY, JULY 12

10 AM JANET YELLEN TESTIMONY

2 PM BEIGE BOOK

THURSDAY, JULY 13

8:30 AM WEEKLY JOBLESS CLAIMS 7/1 -- --

8:30 AM PRODUCER PRICE INDEX JUNE 0.0%

2 PM FEDERAL BUDGET JUNE $6 BLN

FRIDAY, JULY 14

8:30 AM CONSUMER PRICE INDEX JUNE -0.1%

8:30 AM CORE CPI JUNE 0.1%

9:15 AM CAPACITY UTILIZATION JUNE 76.6%

10 AM CONSUMER SENTIMENT JULY 95.1

10AM BUSINESS INVENTORIES MAY -0.2%

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