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DAILY REPORT

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14 JULY 2017

Global markets at a glance World Indices


Wall Street posted slight gains on Thursday and the Dow hit Index Value % Change
another record high close, with financials rising ahead of
profit reports due Friday from several big US banks. The DJI 21522.50 +0.44
financial index was the best performer among the 11 major S&P500 2444.50 +0.72
S&P sectors, ending up 0.61 percent. Quarterly earnings NASDAQ 6277.44 +0.21
kick off on Friday with three of the biggest US banks includ- FTSE100 7413.44 -0.05
ing JPMorgan Chase , Wells Fargo and Citigroup reporting
results. The Dow Jones Industrial Average rose 20.95 NIKKEI 20144.82 +0.22
points, or 0.1 percent, to 21,553.09, the S&P 500 gained HANG SENG 26345.67 0.00
4.61 points, or 0.19 percent, to 2,447.86 and the Nasdaq Top Gainers
Composite added 13.27 points, or 0.21 percent, to
Company CMP Change % Chg
6,274.44.
European markets opened higher on Thursday. Investors YESBANK 1,581.10 65.65 4.33
are awaiting for new earnings reports from listed entities. ITC 339.25 10.40 3.16
The pan-European Stoxx 600 was 0.12% higher with most
sectors moving in the positive ground. CAC 40 was trading HINDALCO 205.40 4.80 2.39
up by 5 points at 5,227 level, FTSE was trading up by 2 BHARTIARTL 403.95 7.85 1.98
points at 7,418 level, while German DAX was up by 9 points IBULHSGFIN 1,127.70 20.05 1.81
at 12,635 level Corporate tax structure of Germany and
France are on the radar as the German Chancellor Angela Top Losers
Merkel is going to discuss the same with her counterpart Company CMP Change % Chg
Emmanuel Macron. UKs Prime Minister Theresa May has IOC 382.05 -10.55 -2.69
completed one year as leader of the country.
ONGC 159.00 -3.85 -2.36
Asian equities rising for the fifth straight session, as signs
the Federal Reserve will pursue a gradual rate tightening INFRATEL 411.50 -8.80 -2.09
path and hopes of a strong earnings season lifted appetite ASIANPAINT 1,122.25 -11.45 -1.01
for risk assets. The MSCI World Index was marginally higher EICHERMOT 28,015.15 -243.35 -0.86
early on Friday, hitting a new all-time high. It is on track to
end the week 1.6 percent higher.
Stocks at 52 Weeks HIGH
Symbol Prev. Close Change %Chg
Previous day Roundup AUBANK 690.35 60.80 9.66
Key benchmark indices logged strong gains led by ITC, ICICI AXISNIFTY 985.00 5.93 0.61
Bank and HDFC. The barometer index, the S&P BSE Sensex,
BAJFINANCE 1,482.10 38.40 2.66
rose 232.56 points or 0.73% to settle at 32,037.38. The
Nifty 50 index rose 75.60 points or 0.77% to settle at BANKBEES 2,424.00 20.17 0.84
9,891.70. The Sensex settled above the psychological BASML 339.00 -0.30 -0.09
32,000 mark after moving above and below that level dur- BEPL 76.40 3.25 4.44
ing the day. The Sensex and the Nifty, both, hit record high BHARATRAS 3,601.65 600.25 20.00
on intraday as well as closing basis. Data showing record
low inflation data stoking hopes of an interest-rate cut bol- Stocks at 52 Weeks LOW
stered sentiment. Symbol Prev. Close Change %Chg
DSKULKARNI 27.20 0.70 2.64
Index stats FCSSOFT 0.20 -0.05 -20.00
The Market was very volatile in last session. The sartorial in
GEMINI 1.40 0.00 0.00
dices performed as follow; Consumer Durables [up
46.51pts.], Capital Goods [up 180.72pts], PSU [up Indian Indices
5.34pts], FMCG[up 168.45pts], Realty [up 6.11pts], Power Company CMP Change % Chg
[up 9.81pts], Auto[up 61.49pts], Healthcare [up 57.10
pts], IT [up 23.34pts], Metals [up 92.96pts], TECK [up 17.84 NIFTY 9891.70 +75.60 +0.77
pts], Oil& Gas [down 40.03pts]. SENSEX 32037.38 +232.56 +0.73
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DAILY REPORT
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14 JULY 2017

RECOMMENDATIONS [FUTURE] STOCK RECOMMENDATION [CASH]


1.ICICIBANK [FUTURE ] MASTEK [CASH]

the stock on the daily chart shown good upside move rose
with heavy volume participation and crossed resistance
level of 288.50 , the stock closed above breakout level and
made bullish engulfing pattern which confirmed the bullish
move and the stock is good to buy above 294 for the tar-
get of 300-305 with SL below 288.
Looking at the daily chart of the ICICIBANK Future it has
been clearly seen that the stock is bullish which it has cross MACRO NEW
major resistance level and ended above this level, So Buying
Results today: Infosys, Bhansali Engineering
Future around 296-297 can be done for the targets of 300-
305 with a stop loss of 290 Biocon in focus - FDA committee nod for Trastuzumab
(cancer drug)
2.BHARATFIN [FUTURE] Cadila Healthcare: Zydus gets tentative US FDA nod for
Fingolimod capsules
Zee Entertainment - NCLT has approved the composite
scheme of arrangement between the company and Reli-
ance Big Broadcasting for demerger of the general en-
tertainment broadcast business
Ramkrishna Forgings QIP opened on July 13, floor price
of Rs 523 per share
Religare Enterprises in focus - CARE Ratings has revised
the rating from AA-(outlook negative) to A for Religare
Finvest, a subsidiary, with respect to RFL's NCDs of Rs
332.05 crore
Pricol acquires 100 percent of the wiping systems busi-
ness of Ashok Piramal group's PMP Auto Components
Private Limited
GTPL Hathway acquires remaining 49 percent stake in
Last trading session BHARATFIN future cross strong resis- GTPL TV Tiger, making it a wholly owned subsidiary
tance level and ended above this level with bullish candle- GVK completes sale of its residual stake of 10 percent in
stick in daily chart. And since last session it rose with rising Bangalore Airport for Rs 1,290 crore
OI in long side . we expect the lead to good upside ahead.
So we advise you to Buy around 775-770 for the target of ICICI Bank in focus - ICICI Group buys stake in Infibeam
785-800 with SL of 760. for Rs 11 crore

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FUTURES & OPTIONS

MOST ACTIVE CALL OPTION STOCKS IN NEWS


Symbol Op- Strike LTP Traded Open Tata Group in talks with 21st Century Fox to sell Tata
tion Price Volume Interest Sky
Type (Contracts) HDFC Life may call off merger plan with Max Life, focus
on IPO
BANKNIFTY CE 23,900 0.05 12,18,773 11,36,120
Snapdeal may merge with Infibeam to create USD 2
BANKNIFTY CE 24,000 0.05 10,76,518 24,59,040
billion company
BANKNIFTY CE 24,100 0.05 4,81,667 10,08,720
Indo Gulf in focus - Aditya Birla Group ready to sell fer-
SINTEX CE 35 1.80 5,190 35,98,125 tilizer arm;Grasim to exit all low margin businesses
RELIANCE CE 1,520 27.85 4,685 7,53,500 Tata Steel seeks shareholders nod to raise Rs 10,000
crore
YESBANK CE 1,600 25.50 4,371 2,15,600
NIFTY FUTURE
ICICIBANK CE 300 5.05 4,152 45,51,250
TCS CE 2,500 25.00 4,033 5,43,500
MOST ACTIVE PUT OPTION
Symbol Op- Strike LTP Traded Open
tion Price Volume Interest
Type (Contracts)
BANKNIFTY PE 23,500 6.70 3,59,554 10,59,720
BANKNIFTY PE 23,400 4.00 3,30,700 8,76,040
Last trading session NIFTY Future close at record high
BANKNIFTY PE 23,600 17.25 2,96,099 7,03,320
and sensex close 1st time above 32000, last session bulls
RELIANCE PE 1,500 27.05 2,611 3,95,000 continued to have control over bears and close at fresh
RELIANCE PE 1,480 18.70 2,593 7,21,000 record high, also broader markets given outperformed
continued fourth session, So we can follow buy on de-
INFY PE 960 21.30 1,892 3,22,000
cline strategy. We may see rise for that it will be good to
RELIANCE PE 1,400 3.70 1,748 7,44,000 buy Nifty future above 9900 for the target of 9950-9990
BIOCON PE 340 4.35 1,603 7,25,400 with SL of 9800

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 21711 1693.14 29002 2313.57 279328 21455.54 -620.43
INDEX OPTIONS 696164 60536.23 666754 58172.29 957591 73187.44 2363.94
STOCK FUTURES 111481 7946.48 94812 6754.84 973579 67524.04 1191.63
STOCK OPTIONS 75939 5501.45 75230 5480.85 88734 6395.07 20.60
2955.00

INDICES R2 R1 PIVOT S1 S2

NIFTY 9924.50 9908.10 9880.70 9664.30 9836.90


BANKNIFTY 24006.00 23947.00 23879.00 23820.00 23752.00

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MCX

RECOMMENDATIONS COMMODITY ROUNDUP


GOLD Gold futures sustained its momentum during the late after-
TRADING STRATEGY: noon trade in the domestic market on Thursday owing to
the firm overseas trend post the comments by the Federal
Reserve calling for the gradual interest-rate hikes amid
weak dollar raising the demand of the precious metal influ-
enced gold prices at the futures trade. At the MCX gold fu-
tures for August 2017 contract is trading at Rs 27910 per 10
grams up by 0.21 per cent after opening at Rs 27950 against
a previous close of Rs 27851. It touched the intra-day high
of Rs 27957

The session of Copper showed declines in the MCX com-


modity exchange. The prices of Copper were down 0.21% to
end at Rs 382.35 per kg. The prices tested a high of Rs
385.25 per kg, and a low of Rs 381.75 per kg. The data from
China is closely watched by investors amid concerns about a
slowdown in growth and a rise in debt levels in the world's
second largest economy. According to China's Custom's Bu-
reau, exports jumped by 11.3% from a year earlier in United
BUY GOLD AUG ABOVE 27855 TGT 27955 28155 SL BELOW States dollar-denominated terms, topping the 8.7% level
27750 that had been forecast by economists. The trade surplus
SELL GOLD AUG BELOW 27800 TGT 27700 27500 SL ABOVE widened to 294.3 billion yuan ($43.4 billion) in June from
27900 281.56 billion yuan in May.At the MCX copper futures for
August 2017 contract is trading at Rs 384.90 per kg up by
SILVER 0.43 per cent after opening at Rs 384.05 against a previous
TRADING STRATEGY: close of Rs 383.25. It touched the intra-day high of Rs
385.15

Aluminium futures were trading higher during the evening


trade in the domestic market on Thursday as speculators
raised bets driven by pick-up in demand at the spot market.
Analysts said widening of positions by participants due to
pick up in demand from consuming industries in the spot
market mainly influenced aluminium prices at futures trade.
At the MCX aluminium futures for July 2017 contract is trad-
ing at Rs 123.80 per kg up by 2.15 per cent after opening at
Rs 121.80 against a previous close of Rs 121.20. It touched
the intra-day high of Rs 124.60

Nickel futures were trading marginally higher at the Multi


Commodity Exchange (MCX) on Thursday as traders wid-
ened their positions amid robust demand in the spot mar-
ket. At MCX Nickel for July 2017 contract were trading at Rs
595.80 per kgs up by 0.57 per cent against the previous
closing price of Rs 592.40. It touched an intra-day high of Rs
BUY SILVER AUG ABOVE 36650 TGT 36850 37350 SL BE- 597.40 after opening at Rs 594.60 at 15.05 PM. Taking posi-
LOW 36450 tive cues from spot market speculators build up fresh posi-
SELL SILVER BELOW 36500 TGT 36300 35800 SL ABOVE tions due to pick up in demand from alloy-makers in the
36700 physical market.

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14 JULY 2017
NCDEX

NCDEX INDICES
RECOMMENDATIONS
Index Value % Change
DHANIYA
CASTOR SEEDS 1420 -1.05
CORIANDER 4423 -0.23
COTTON SEED 5020 +2.22
GUAR SEED 172 -0.69
JEERA 3242 -0.64
MUSTARDSEED 19915 +3.81
SOYA BEAN 3621 -0.14
SUGARM GRADE 2885 -1.84
TURMERIC 7200 -2.81
WHEAT 1644 +0.43
Cardamom futures were trading higher during the morning
trade in the domestic market on Thursday as investors and
speculators extended their positions in the agri-commodity
amid rise in physical demand for cardamom in the domestic
spot market. Further insufficient supplies on higher physical
arrivals from the major cardamom producing regions sup-
BUY CORIANDER ABOVE 5070 TGT 5085 5115 SL BELOW ported the upward trend in the domestic cardamom prices.
5050 At the MCX cardamom futures for August 2017 contract
was trading at Rs 1017 per kg up by 0.79 per cent after
SELL CORIANDER BELOW 5040 TGT 5025 5000 SL ABOVE
opening at Rs 1010 against a previous close of Rs 1009. It
5060 touched the intra-day high of Rs 1027.90

GUARGUM The National Commodity and Derivatives Exchange Ltd.


(NCDEX), Indias leading commodity exchange, today an-
nounced the commencement of trading in Chana futures.
This will now help 12 million small and medium farmers
who grow chana to get fair prices and the processing value
chain to mitigate price risks. With prices of pulses below
MSP in most parts of the country, the support of market
driven prices provided by the futures will be helpful to
farmers. With the concern in the rise in prices of Chana, the
Capital and commodity market regulator SEBI has sus-
pended the the trading of this commodity about a year ago

In a bumper crop year when farmers across the country


have been battered by low prices across commodities,
farmers groups are using futures contracts to hedge
against price dips during the harvest season. So far, over
43000 farmers, belonging to 47 FPOs, have used futures to
hedge their produce, with about 10-15% improved realisa-
tions. Around 2500 farmers from Madhya Pradesh had used
BUY GUARGUM5 ABOVE 6865 TGT 6895 6935 SL BELOW
Chana futures to hedge their risks, prior to its suspension.
6835 Over 1,80,000 farmers have registered with the Exchange
SELL GUARGUM5 BELOW 6750 TGT 6720 6680 SL ABOVE and are looking forward to use the regulated market plat-
6780 form.

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DAILY REPORT
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14 JULY 2017
CURRENCY

RBI Reference Rate


Currency Rate Currency Rate
Rupee- $ 64.438 Yen 57.020
Euro 73.788 GBP 83.248

USD/INR CURRENCY MARKET UPDATES


The Indian rupee strengthened in early trades against the
dollar on Thursday, 13 July 2017 as foreign capital stayed
on an upward trajectory and the Sensex broke through the
32,000-mark for the first time ever. Increased dollar sales
by exporters and banks further supported the rupee. A
muted show by the greenback against other currencies
overseas also added momentum to the rupee.

The domestic currency opened at 64.39 against the dollar


but failed to hold on to the level and dropped to a low of
64.50 so far during the day. In the spot currency market,
the Indian unit was last seen trading at 64.42. Yesterday,
the rupee had recovered 5 paise to close at 64.54 against
the US currency.

Domestic benchmark indices saw gap up opening on posi-


BUY USD/INR ABOVE 64.50 TGT 64.65 64.85 SL 64.30 tive global cues. At 9:30 IST, the barometer index, the S&P
SELL USD/INR BELOW 64.40 TGT 64.25 64.05 SL 64.60 BSE Sensex, was up 213.80 points or 0.67% at 32,018.62.
The Nifty index was up 59.55 points or 0.61% at 9,875.65.
EUR/INR Both the Sensex and the Nifty hit record high in early
trade. Expectations of an interest rate cut by the Reserve
Bank of India (RBI) after latest data showed that retail in-
flation has eased to a record in June and factory output
growth slowed sharply in May underpinned the sentiment.
Overseas, Asian stocks were trading higher as dovish com-
ments from US Federal Reserve Chairwoman Janet Yellen
improved risk-taking appetite.

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


greenback's strength against a trade-weighted basket of six
major currencies, was down 0.17% to 95.39 in mid-
morning in Asia. Last week, the dollar rose against a basket
of the other major currencies after data showed the U.S.
economy added 222,000 jobs last month, more than ex-
pected, and figures for April and May were also revised
upwards

BUY EUR/INR ABOVE 73.70 TGT 73.85 74.05 SL 73.50


SELL EUR/INR BELOW 73.40 TGT 73.25 73.05 SL 73.60

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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%


Digitally signed
by Priya Morya
10 AM

10AM
CONSUMER SENTIMENT

BUSINESS INVENTORIES
JULY

MAY
Priya DN: cn=Priya
Morya c=IN
o=Personal
95.1

-0.2%

Disclaimer
Mory Reason: I am the
author of this
document

a Location:
Date: 2017-07-14
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