Jul 10, 2017 - India were capped as some drug makers such as Lupin Ltd recovered from recent ... Housing Development Fin
Morning Note
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MARKET ROUND UP 10 ,July, 2017 Indian Markets The NSE Nifty ended marginally lower on Friday tracking weaker global markets, but a late surge in shares of Reliance Industries Ltd erased some losses, helping it snap a three-week losing streak.The broader NIfty fell 0.09 percent to end at 9,665.80, but rose 1.5 percent on week, its biggest weekly gain since late May.The benchmark BSE Sensex closed down 0.03 percent at 31,360.63, but rose 1.42 percent for the week.
Key Indices SENSEX Nifty 50 DJIA DAX FTSE 100 NIKKEI KOSPI Composite SSE Composite
Index % Chg 31360.63 -0.03 9665.80 -0.09 21312.50 -0.44 12388.68 +0.06 7350.92 +0.19 19929.09 -0.33 2379.87 -0.33 3217.61 +0.16 Nifty 9600 9588 9698 9732
Support
Shares of Reliance Industries Ltd jumped as much as 3.83 percent to their highest since May 2, 2008 on expectations of better quarterly results.Broader losses in India were capped as some drug makers such as Lupin Ltd recovered from recent falls on value-buying. Financials and private banks weighed on the indexes with Housing Development Finance Corp Ltd and ICICI Bank Ltd down as much as 1.61 percent and 1.17 percent respectively.
US & European Markets The dollar steadied with slight gains overall after the June U.S. employment report delivered a little something for everyone, with robust jobs growth for dollar bulls, while bears focused on the subdued increase in wages. The dollar was on track for a weekly gain of 0.4 percent, its biggest weekly rise since May, though only its second weekly gain in the last six. The June employment report showed non-farm payrolls rose by 222k vs estimates for a gain of 178k. The unemployment rate rose a tenth of a percent point to 4.4% as the participation rate rose to 62.8%, signaling more people are looking for jobs. Average hourly earnings rose 0.2% m/m, missing estimates for a gain of 0.3%. European stocks ended in slightly negative territory on Friday, pushed lower by a slide in oil prices and nagging worries about the potential end of ultraloose monetary policy.TheStoxx Europe 600 SXXP, -0.07% fell 0.1% to 380.18, trimming its weekly gain to 0.2% Asian Markets Asian shares lost ground on Friday after a weak session on Wall Street, while global sovereign debt yields were elevated across the board on bets the European Central Bank is moving ever closer towards unwinding its massive monetary stimulus.MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.3 percent, after the Dow .DJI lost 0.7 percent and the tech-heavy Nasdaq fell 1 percent on Thursday, partly as higher Treasury yields dimmed the appeal of equities.. Currencies Japan's Nikkei was down 0.5 percent, South Korea's KOSPI dropped 0.3 percent and Australian stocks declined 1 percent.
Resistance
Index % Chg NIFTY BANK 23449.15. -0.07 NIFTY ENERGY 12055.75 1.44 NIFTY INFRA 3240.55 0.14 NIFTY IT 10087.80 -1.89 NIFTY PHARMA 9723.85 1.31 NIFTY MIDCAP 100 -0.53
Sector Indices
Top Gainers (NSE)
CMP (Rs)
% Chg
1491.15 11117.3
3.37 3.33
697.05
2.00
Top Losers (NSE)
CMP (Rs)
% Chg
Bhartinfratel Vedanta Asian Pints
404.35 257.10 1115.45
-2.5 -1.74 -1.48
Reliance Lupin Aurobindo Pharm
52 Week High
Price (Rs)
ANDHRSUGAR ASHOKLEY
359.5 104.5
52 Week Low
Price (Rs)
FLEXITUFF MAJESCO
Volatility Index INDIA VIX
111.6 303.3
Nifty Change % 10.86 -0.12
Net Flows (Cr)
Net FII
Net DII
July 7
-522.08
+720.08
Interest Rates
Value Change %
10 Yr bond yield
Exchange Rates USD/INR EUR/INR
6.532
-0.11
Value % Chg 64.75 73.97
-0.3 +0.08
Outlook Markets are expected to open in flattish to slightly positiveon early trades following the Asian and other global markets. 1
News Flash Economy News
Government to sell Air India in parts to attract potential buyers. Prime Minister Narendra Modi's cabinet gave the go-ahead last month for the government to try to sell the airline, after successive governments spent billions of dollars in recent years to keep the airline going. India has emerged as the economic pole of global growth by surpassing China and is expected to maintain its lead over the coming decade.India has made inroads in diversifying its export base to include more complex sectors, such as chemicals, vehicles, and certain electronics. According to the Harvard University's Center for International Development (CID) growth projections, India will feature on top of the list of the fastest growing economies till 2025 with an average annual growth of 7.7 percent. 36 lakh farmers in Maharashtra having outstanding debt of 1.5lakh to get complete loan waiver. The Maharashtra government had announced a mega agricultural loan waiver of Rs 34,022 crore on June 24 after a statewide agitation by farmers earlier that month.
For forthcoming Board Meeting, click on the following link http://www.bseindia.com/corporates/board_meeting.aspx? expandable=0
Corporate News
Shriram Group and IDFC Group have entered into an exclusivity arrangement for a period of 90 days to explore a merger between the two entities to create a USD 10 billion-plus financial powerhouse. Once merged, Shriram City Union Finance will be absorbed into IDFC Bank while Shriram Transport Finance will remain a standalone entity under the group. Shriram Life Insurance and Shriram General Insurance will have IDFC as a substantial shareholder. Merger helps to create a financial conglomerate that will have a largest mass retail universal bank platform at its centre that will help reach millions of small customers and entrepreneurs. ONGC Videsh Ltd, the overseas arm of Oil and Natural Gas Corp (ONGC) has got a two-year extension to explore a Vietnamese oil block in the contested waters of the South China Sea. OVL had signed Production Sharing Contract (PSC) for the 7,058 square km Block 128 in offshore PhuKhanh Basin, Vietnam on May 24, 2006. Ministry of Planning and Investment (MPI), Vietnam issued investment licencefor the block on June 16, 2006. HPCL taps offshore dollar bond market to raises $500 mn. The company sold a 10-year, fixed-rate, unsecured dollar bond with a 4 percent coupon payable semi-annually and a maturity date of July 2027. The notes are rated Baa3 by Moody's and BBB- by Fitch. India's third biggest stateowned refiner will use the proceeds to fund capital expenditure.
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Commodities News
Oil prices declined for the week, as expanded U.S. drilling activity and added production offset a larger-than-expected drop in stockpiles.Futures fell 3.9 percent, even after U.S. data on Thursday showed the nation’s crude stockpiles dropped by 6.3 million barrels, three times as much as expected.
Gold fell to the lowest in nearly four months on Friday after stronger than expected United States jobs data increased the likelihood of another U.S. interest rate increase and the dollar rose. U.S. gold futures GCcv1 for August delivery settled down 1.1 percent at $1,209.70.
Commodity Pivot Table for 07/07/2017
Scrip ALUMINIUM
30-Jun-17
CARDAMOM COPPER CRUDEOIL GOLD LEAD NATURALGAS NICKEL SILVER ZINC
15-Jun-17 30-Jun-17 19-Jun-17 4-Aug-17 30-Jun-17 27-Jun-17 30-Jun-17 5-Jul-17 30-Jun-17
Pivot point R1 R2 124.73 125.37 126.28 1098.30 1101.60 1103.30 380.75 382.70 385.30 2965.67 3000.33 3053.67 28132.00 28172.00 28228.00 147.50 146.95 148.25 186.90 189.00 192.80 582.10 586.90 593.00 36550.33 37120.67 38010.33 180.38 181.52 182.73
R3 S1 126.92 123.82 1106.60 1096.60 387.25 378.15 3088.33 2912.33 28268.00 28076.00 146.20 148.80 194.90 183.10 597.80 576.00 38580.67 35660.67 183.87 179.17
S2 S3 123.18 122.27 1093.30 1091.60 376.20 373.60 2877.67 2824.33 28036.00 27980.00 149.55 150.10 181.00 177.20 571.20 565.10 35090.33 34200.67 178.03 176.82
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Weekly consolidated call tracker Segment – NSE Cash and F&O Date 6-Jul-17 6-Jul-17 6-Jul-17 6-Jul-17 6-Jul-17 6-Jul-17 6-Jul-17 6-Jul-17 6-Jul-17 7-Jul-17 7-Jul-17 7-Jul-17 7-Jul-17 7-Jul-17 7-Jul-17 5-Jul-17 5-Jul-17 5-Jul-17 6-Jul-17 6-Jul-17 6-Jul-17
Stock CAPF LEEL ICIL WSTCSPAPR SKIPPER LAKSHVILLAS TRIVENI GINDWELL IDBI VIVIDMEDLAB DENABANK ORIENTBANK ASHIANA WELCORP VEDL CHOLAFIN Jul Fut INDIACEM Jul Fut EXIDEIND Jul Fut LICHSGFIN Jul Fut MUTHOOTFIN Jul Fut ZEEL Jul Fut
Trade BUY BUY BUY SELL BUY BUY BUY BUY BUY BUY BUY BUY BUY SELL SELL BUY BUY BUY BUY BUY BUY
Entry 703 203 167 194.2 216.7 208.9 75.05 431 56.3 124.75 34.85 145.6 198.3 105.05 260 1100 205 228 755 458 503
Stoploss 693 200 165.2 196.2 213.7 206 74 428 54 121 33.6 142.8 195.8 107 263 1089 203 225.5 742.5 453 497
Target1 710 206 168.8 192.3 219 210.85 76.1 435.58 58.59 127.6 35.5 147.5 200.8 103 258 1111 207 230.5 762.5 463 508
Target2 717 208 171.6 190.4 222.5 212.5 76.78 437.8
Entry 28120 3008 383 37450 591 2965
Stoploss 28220 3053 387 37800 597
Target1 Target2 28020 2965 379 37000 580 2965 Target
128.8 35.8 149.5 202.8 101.3 256 1122 209 233 770 468 514
Booked 710 208 166.8 196.2 219 210 75.2 433 57.8 128.8 35.5 142.8 200.8 103.1 258 1121.8 207.5 229.5 761 453 502.8
Remark Target Target Near cost closed SL Target Target Target Target
Booked 28020 2965 381.1 37302 588.2
Remark Target Target Target Target Target
Target Target Target Target Target Target Target Target Target Target SL Near cost closed
Segment – MCX Date 5-Jul-17 5-Jul-17 5-Jul-17 5-Jul-17 5-Jul-17 5-Jul-17
Commodity GOLD Aug Fut CRUDE Jul Fut COPPER Aug Fut SILVER Sep Fut NICKEL Jul Fut SELL 3008
Performance Report Total Profit Made Consolidated Total Profit Made this Week
Trade SELL SELL SELL SELL SELL 3053
Equity + Fut+Options (Rs) 4256017 50403
Commodity (Rs) 3194370 27750
Disclaimer: This report is only for the information of our customers. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. The information provided herein is not to be constructed as an offer to buy or sell securities of any kind. ATS Wealth Managers Pvt Ltd and/or its group companies do not as assume any responsibility or liability resulting from the use of such information.
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