Feb 16, 2017 | Epic Research Ltd |
DAILY REPORT 16 th FEBRUARY 2017 YOUR MINTVISORY Call us at +91-731-6642300 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 pan- European STOXX 600 index rose 0.3 percent with the bank- ing 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 expan- sion 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 Com- posite 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 Thurs- day, 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 out- side Japan was up 0.2 percent, rising to its highest since July 2015. It is up by a tenth so far this year partly under- pinned 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. Dis- appointing 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. 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]. World Indices Index Value % Change DJI 20611.86 +0.52 S&P500 2349.25 +0.50 NASDAQ 5819.44 +0.64 FTSE100 7302.41 +0.47 NIKKEI 19349.31 -0.46 HANG SENG 24078.50 +0.35 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 Top Losers Company CMP Change % Chg TATAMTRDVR 268.40 -29.35 -9.86 TATAMOTORS 436.70 -45.35 -9.41 SUNPHARMA 622.00 -27.30 -4.20 AUROPHARMA 635.00 -23.35 -3.55 BANKBARODA 162.95 -5.85 -3.47 Stocks at 52 Week’s HIGH Symbol Prev. Close Change %Chg ABMINTLTD 127.10 6.05 5.00 AIAENG 1,444.00 30.40 2.15 ALKEM 1,965.10 90.85 4.85 BANG 49.10 2.20 4.69 BHARATFORG 1,028.00 -11.25 -1.08 COROMANDEL 340.60 -9.85 -2.81 ESCORTS 403.10 18.50 4.81 26626.46Indian Indices Company CMP Change % Chg NIFTY 8724.70 -67.60 -0.77 SENSEX 28155.56 -183.75 -0.65 Stocks at 52 Week’s LOW Symbol Prev. Close Change %Chg BIRLACOT 0.10 0.05 100.00 BLUEDART 4,171.00 -23.05 -0.55 BSE 981.25 -22.75 -2.27 DAILY REPORT 16 th FEBRUARY 2017 YOUR MINTVISORY Call us at +91-731-6642300 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. MACRO NEW Intellect Design dips 12% on stake sale by Rakesh Jhun- jhunwala 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 STOCK RECOMMENDATIONS [FUTURE] 1.VOLTAS [FUTURE] 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 fu- ture 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. DAILY REPORT 16 th FEBRUARY 2017 YOUR MINTVISORY Call us at +91-731-6642300 FUTURES & OPTIONS MOST ACTIVE CALL OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest 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 MOST ACTIVE PUT OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest 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 FII DERIVATIVES STATISTICS BUY OPEN INTEREST AT THE END OF THE DAY SELL No. of Contracts Amount in Crores No. of Contracts Amount in Crores No. of 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 STOCKS IN NEWS TCS Board to consider buyback on February 20 Petronet LNG gets first cargo of LNG from Australia Reliance Infrastructure in focus: Reliance Defence signs 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 After ending at a 2-week closing low of 8,724 Wednes- day, Nifty is likely to open flat today on lack on fresh trig- gers following the conclusion of the third quarterly earn- ings 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 INDICES R2 R1 PIVOT S1 S2 NIFTY 8842.60 8783.30 8747.60 8688.30 8652.60 BANKNIFTY 20468.00 20315.00 20215.00 20062.00 19962.00 DAILY REPORT 16 th FEBRUARY 2017 YOUR MINTVISORY Call us at +91-731-6642300 COMMODITY ROUNDUP Copper remained trading sideways even as there were con- stant threats looming in regards to supplies. Shares in Free- port McMoRan Inc, the world's largest listed copper miner, were down 1% in pre-market trading this week on the com- pany’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 com- pany's total output. Freeport was trying to reach a deal with the government of Indonesia to resume exports and previ- ously said that each month of delay in obtaining such ap- proval meant production would be reduced by 70 million pounds of copper and 70,000 ounces of gold. However, there was no deal that has been reached so far. The miner’s overall consolidated sales for 2017 are ex- pected to be around 4.1 billion pounds of copper, 2.2 mil- lion 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 com- puted 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 de- creased 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. 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 im- ported 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. RECOMMENDATIONS 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: BUY SILVER ABOVE 42700 TGT 42900 43500 SL BELOW 42500 SELL SILVER BELOW 42590 TGT 42390 42000 SL ABOVE 42790 MCX DAILY REPORT 16 th FEBRUARY 2017 YOUR MINTVISORY Call us at +91-731-6642300 NCDEX NCDEX INDICES Index Value % Change CORIANDER 6687 +1.01 COTTON SEED 2220 +1.00 GUAR SEED 3259 +2.23 JEERA 17010 +0.50 MAIZE 1412 +0.36 MUSTARDSEED 3810 +0.82 SOYA BEAN 2968 0.00 SUGAR M GRADE 3865 +0.39 TURMERIC 6992 +2.16 WHEAT 1820 +1.00 RECOMMENDATIONS DHANIYA BUY CORIANDER APRABOVE 6725 TARGET 6740 6800 6870 SL BELOW 6695 SELL CORIANDER APRBELOW 6610 TARGET 6595 6535 6465 SL ABOVE 6640 GUARGUM BUY GUARGUM5 20MARABOVE 6740 TARGET 6770 6830 6880 SL BELOW 6690 SELL GUARGUM5 20MARBELOW 6550 TARGET 6520 6460 6410 SL ABOVE 6600 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 vegeta- ble 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. 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' Associa- tion of India, the export of mustard oil meal during January 2017 has jumped 11 percent to report at 2,261 tons com- pared to 1,990 tons. The NCDEX April prices increased by 0.79 percent to close at Rs 3779 per quintal. 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 2013- 14 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. DAILY REPORT 16 th FEBRUARY 2017 YOUR MINTVISORY Call us at +91-731-6642300 RBI Reference Rate Currency Rate rrency Rate Rupee- $ 66.919 Yen 58.560 Euro 70.820 GBP 83.414 CURRENCY USD/INR :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 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 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 In- dia 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. 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 Wednes- day, after rising on hopes for higher US interest rates fol- lowing comments from Federal Reserve Chairwoman Janet Yellen who signaled an increase could come in March. However, the US dollar held gains near a 3-1/2- week 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. DAILY REPORT 16 th FEBRUARY 2017 YOUR MINTVISORY Call us at +91-731-6642300 Date Commodity/ Currency Pairs Contract 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 DAILY REPORT 16 th FEBRUARY 2017 YOUR MINTVISORY Call us at +91-731-6642300 NEXT WEEK'S U.S. ECONOMIC REPORTS ECONOMIC CALENDAR The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liabil- ity) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal infor- mation and based upon it & takes no responsibility. 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Disclaimer 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.
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