DAILY REPORT 26

th SEPTEMBER 2016

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance

Wall Street retreated on Friday as lower oil prices weighed

on energy shares and Facebook and Apple declined, but

major indexes still posted gains for the week. Energy was

the worst-performing major S&P sector, dropping 1.3 per-

cent. Oil prices tumbled 4 percent on signs Saudi Arabia

and Iran were making little progress on a bilateral agree-

ment ahead of talks by crude exporters aimed at freezing

production. Facebook shares fell 1.6% and were one of the

biggest drags on the S&P 500. The Wall Street Journal re-

ported that social media company overestimated viewing

times for video ads. Even so, the S&P 500 recorded its best

weekly performance in more than two months. Stocks

were given a boost on Wednesday when the US Federal

Reserve decided to keep rates steady, leaving intact the

low-interest-rate environment that has helped fuel the bull

market. The DJI average ended down 131.01pts, or 0.71%,

at 18,261.45, S&P 500 lost 12.49pts, or 0.5%, to 2,164.69

and the Nasdaq dropped 33.78pts, or 0.63%, to 5,305.75.

Asian shares began the week under a cloud on Monday

after losses on Wall Street, as investors' attention turned

from central banks to American politics ahead of the first

US presidential debate. MSCI's broadest index of Asia-

Pacific shares outside Japan was down 0.1 percent in early

trade, while Japan's Nikkei stock index slumped 0.5 percent

against the headwinds of a stronger currency

Previous day Roundup

Banking, telecom sector stocks and index heavyweight Info-

sys led modest losses for key benchmark indices in a lack-

lustre trading session. The barometer index, the S&P BSE

Sensex, lost 104.91 points or 0.36% to settle at 28,668.22.

The Nifty 50 index lost 35.90 points or 0.4% to settle at

8,831.55. Weakness in European and Asian stocks weighed

on sentiment on the domestic bourses. Key indices ex-

tended intraday slide towards the latter part of the trading

session after hovering in a narrow range around the flat

line till afternoon trade.

Index stats

The Market was very volatile in last session. The sartorial

indices performed as follow; Consumer Durables [down

14.88 pts], Capital Goods [down 18.29 pts], PSU [down

10.61pts], FMCG [down 29.54pts], Realty [up 15.58pts],

Power [down 12.66pts], Auto [down 53.35pts], Healthcare

[down 60.04pts], IT [down 34.50pts ], Metals [up 18.15pts],

TECK [down 20.91 pts], Oil& Gas [up 83.83pts].

World Indices

Index Value % Change

DJI 18307.50 +0.11

S&P500 2168.00 +0.17

NASDAQ 5305.75 -33.77

FTSE100 6909.43 -0.03

NIKKEI 16754.02 -0.32

HANG SENG 23686.48 -0.31

Top Gainers

Company CMP Change % Chg

RELIANCE 1,101.60 +12.65 1.16

DRREDDY 3,180.00 +30.70 0.97

TCS 2,400.00 +22.00 0.93

HCLTECH 795.00 +6.15 0.78

HDFC 1,424.00 +10.75 0.76

Top Losers

Company CMP Change % Chg

AXISBANK 556.45 -35.35 -5.97

ACC 1,613.25 -52.80 -3.17

AMBUJACEM 258.20 -7.35 -2.77

LUPIN 1,487.10 -41.55 -2.72

AUROPHARMA 836.40 -20.55 -2.40

Stocks at 52 Week’s HIGH

Symbol Prev. Close Change %Chg

AARTIDRUGS 617.30 569.90 8.32

ADI 445.00 423.45 5.09

ADVENZYMES 1,694.80 1703.50 -0.51

AGARIND 230.50 221.85 3.90

AJANTPHARM 2,038.25 2041.70 -0.17

ASIANTILES 284.05 284.05 0.00

BAJAJFINSV 3,298.00 3254.20 1.35

Indian Indices

Company CMP Change % Chg

NIFTY 8831.55 -35.90 -0.40

SENSEX 28668.22 -104.91 -0.36

Stocks at 52 Week’s LOW

Symbol Prev. Close Change %Chg

BILENERGY 0.75 0.05 7.14

BIRLACOT 0.10 0.00 0.00

FEL 15.70 -0.15 -0.95

DAILY REPORT 26

th SEPTEMBER 2016

YOUR MINTVISORY Call us at +91-731-6642300

STOCK RECOMMENDATION [CASH] KEI INDUSTRIES [CASH]

The stock has witnessed breakout of of descending trian-gle pattern and crossed the resistance level of 122 on daily chart rose with heavy volume and closed with bullish can-dlestick , increased volume and positive RSI indicator con-firms the breakout and the stock is looking attractive to give good upside move in coming sessions , our targets for stock is 128-130 with SL of 116. MACRO NEWS Forex reserves down by $1.67 billion to $369.6 billion Govt cuts import duty on wheat, potato & palm oils Sebi rejigs norms for companies to raise funds via REIT,

InvIT Mines ministry unlikely to lift export duty on high grade

iron ore India is the seventh largest sea food exporter in the

world Commerce Ministry for closure of interstate check

points post GST B2B e-commerce platforms reduce inventory costs by

40% for SMEs UBI receives Rs 608 crore capital infusion from govt Maruti crosses 15 lakh units milestone in cumulative

exports L&T Technology to focus on top clients to reach $1 bn

revenue target Idea Cellular provides more interconnection ports to

Reliance Jio Sun TV Network expanding footprint in radio business Amazon to add 3 new fulfilment centres by December-

end J K Paper plans developing plantations in Myanmar RCF chalks out Rs 15,000-crore worth of projects

Rain Industries -Power plant project completed at cost of Rs 70 crore

Oriental Bank of Commerce seeks pre-delivery payment by Go Air & IndiGo to be deposited to consortium

STOCK RECOMMENDATIONS [FUTURE]

1.IRBINFRA [FUTURE]

Last trading session IRB Infra future cross 256 It’s major re-sistance level and after that stock sharp move in upside in whole day and close near major resistance level with bullish candlestick in daily chart. And since last session it rose with rising OI in long side , So we may see sharp rise for that it will good to buy around 256-258 for the target of 262-265 with SL of 253.

2.PNB [FUTURE]

PNB Future in last trading session show some pressure and stock ended with a bearish candlestick in daily chart, last session stock open with bullish candle and traded narrow range but move downside in second half of market and since last session it rose with rising OI in shor side.and break sup-port level. So We advise you to sell below 139 for the tar-gets of 138-136 with strict stop loss of 141.

DAILY REPORT 26

th SEPTEMBER 2016

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FUTURES & OPTIONS

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 8,900 20.85 2,81,372 51,01,575

NIFTY CE 9,000 4.75 2,17,232 66,64,950

NIFTY CE 8,800 66.30 1,32,244 34,85,550

RELIANCE CE 1,100 12.25 10,509 15,35,500

AXISBANK CE 580 3.70 7,288 20,95,200

AXISBANK CE 600 1.25 6,803 32,73,600

AXISBANK CE 590 2.00 5,985 17,78,400

DLF CE 160 1.40 5,945 66,10,000

MOST ACTIVE PUT OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 8,800 35.40 2,76,441 47,55,150

NIFTY PE 8,900 86.45 2,06,542 23,23,800

NIFTY PE 8,700 14.20 1,63,307 45,13,200

AXISBANK PE 560 12.15 4,473 5,56,800

AXISBANK PE 570 18.00 3,405 5,52,000

AXISBANK PE 550 7.90 3,379 7,06,800

RELIANCE PE 1,100 10.60 3,073 4,42,000

RELIANCE PE 1,080 4.35 3,022 6,24,000

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 30560 2120.35 25315 1734.69 479775 32490.21 385.6599

INDEX OPTIONS 482713 34371.40 492401 35005.47 1380752 93829.32 -634.0675

STOCK FUTURES 138721 9521.88 144807 9871.27 939039 62910.17 -349.3882

STOCK OPTIONS 100642 7186.81 103179 7372.05 123415 8680.77 -185.2465

TOTAL -783.042

STOCKS IN NEWS Gayatri Projects’ JV secures Rs 1255cr contract Suzlon Energy bags orders totalling 111.30 MW Andhra Bank ties up with Cigna TTK Reliance General

Insurance Suzlon wins orders for combined capacity of 111 Mw CanBank to issue foreign currency bonds worth USD

500 mn Bharat Electronics ex-date for buyback entitlement Arvind steps into footwear retail ONGC board okays stake acquisition in GSPC gas block Mahindra CIE looking for more acquisitions DLF brands likely to lose Mango franchise NIFTY FUTURE

The index saw huge profit booking and after falling around 60 points in last trading hours, it closed with a bearish candlestick. But on the other side nifty has good support around 8790 on both weekly and daily charts. Since world market are in pressure Nifty may also be af-fected but it may reverse from lower levels. So we advise you to buy it from around 8800-8780 for the targets of 8860 and 8940 with strict stop loss of 8700

INDICES R2 R1 PIVOT S1 S2

NIFTY 8910.50 8871.00 8845.60 8806.10 8780.70

BANKNIFTY 20242.00 20071.00 19966.00 19795.00 19690.00

DAILY REPORT 26

th SEPTEMBER 2016

YOUR MINTVISORY Call us at +91-731-6642300

COMMODITY ROUNDUP

COMEX Gold eased from a two week high as traders booked profits after the recent run-up. The metal surged this week following the continued ultra soft monetary policies from key global central bankers. The commodity has been well supported off late after easing near $1300 per ounce levels last week. However, a drop from highs above $1340 has led to some losses in the metal. Equities are also weak today, correcting on profit selling. Gold is currently trading at $1340 per ounce, down 0.33% on the day. MCX Gold fu-tures have dropped from highs above Rs 31300 per 10 grams and currently trade at Rs 31272 per 10 grams, down 0.19% on the day. Meanwhile, Gold speculator and large futures traders trimmed their bullish Gold positions last week and pulled their bets off the highest level in nine weeks, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC).

Silver futures were trading lower during the afternoon trade in the domestic market on Friday as investors and specula-tors trimmed their positions in the precious metals at the domestic spot markets. The prices for silver decline at fu-tures trade due to a weak trend in the precious metals over-seas and profit-booking by participants at existing levels. A MCX silver futures for contract is trading at Rs 47150 per kg down by 0.88 per cent after opening at Rs 47289 against a previous close of Rs 47568. It touched the intra-day low of Rs 47060

Copper has picked up strength this week as the markets became more optimistic. The prices of Copper were in green and trading above key resistances in domestic mar-kets. The decision of Fed to keep interest rates on hold and indications that the situation in China is not as bad as it was predicted has helped traders. The speculative positions have picked up and Copper has been the front runner of this trigger. The Fed left rates on hold and projected a less aggressive path for rises over the coming years.

Lead futures were trading lower during the morning trade in the domestic market on Friday as participants cut down their positions in the industrial metal due to fall in physical demand for lead from battery-makers in the domestic spot market. Further a decline in demand from battery-makers in the domestic spot market influenced prices of lead at the domestic spot markets. At lead futures contract is trading at Rs 128.75 per kg down by 0.43 per cent after opening at Rs 128.90 against a previous close of Rs 129.30.

RECOMMENDATIONS

GOLD

TRADING STRATEGY:

BUY GOLD ABOVE 31300 TGT 31400 31600 SL 31200

SELL GOLD BELOW 31200 TGT 31100 30900 SL 31300

SILVER

TRADING STRATEGY:

BUY SILVER ABOVE 47500 TGT 47700 48400 SL 47300

SELL SILVER BELOW 46700 TGT 46500 45900 SL 46900

MCX

DAILY REPORT 26

th SEPTEMBER 2016

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NCDEX

NCDEX INDICES

Index Value % Change

BARLEY 1582 +0.16

CORIANDER 7620 +1.80

COTTON SEED 1995 -0.35

GUAR SEED 3634 -0.98

JEERA 17200 -0.69

MUSTARDSEED 4708 +0.41

REF SOYA OIL 660.20 -1.58

SUGAR M GRADE 3495 +0.37

TURMERIC 6884 +0.50

WHEAT 1750 +0.17

RECOMMENDATIONS

DHANIYA

BUY CORIANDER OCT ABOVE 7620 TARGET 7665 7765 SL

BELOW 7555

SELL CORIANDER OCT BELOW 7460 TARGET 7415 7315 SL

ABOVE 7525

GUARGUM

BUY GUARGUM OCT ABOVE 7050 TARGET 7100 7170 SL BELOW 6990

SELL GUARGUM OCT BELOW 6900 TARGET 6850 6780 SL ABOVE 6960

NCDEX Turmeric futures witnessed bargain buying for a sec-ond straight session after prices approached their contract lows. Prices have slipped this week amid talk of a generous output this season. The benchmark NCDEX October futures had tumbled to a contract low near Rs 6700 per quintal be-fore the counter witnessed an excellent spurt on worries over excess rainfall in Southern growing states. However, the weather seems to be normalizing now and upcountry demand is yet to pick up. Turmeric acreage has gained this year due to favorable weather earlier. The benchmark fu-tures have failed to hold onto highs above Rs 7200 per quintal and dropped under Rs 7000 levels last week. The total sown area as on 23th September, 2016 as per re-ports received from States, stands at 1067.53 lakh hectare as compared to 1030.89 lakh hectare at this time last year and total normal area of 1062.50 lakh hectare. The current area is up by 3.55% on year. Pulses acreage is up by an im-pressive 29% while Coarse Cereals and Oilseeds acreage is also up around 3%. Sugarcane acreage is down 7.70% while the area under Cotton is also down 11.50% on year. Cardamom futures were trading lower during the afternoon trade in the domestic market on Friday as participants re-duced their positions in the agri-commodity amid sluggish physical demand for cardamom in the domestic spot mar-ket. Further sufficient supplies amid higher physical arrivals from the major cardamom producing regions too influ-enced the downtrend in the domestic cardamom prices. At the MCX cardamom futures for October 2016 contract is trading at Rs 1125.40 per kg down by 0.80 per cent after opening at Rs 1135.20 against a previous close of Rs 1134.50. It touched the intra-day low of Rs 1125.10

DAILY REPORT 26

th SEPTEMBER 2016

YOUR MINTVISORY Call us at +91-731-6642300

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 66.651 Yen-100 66.080

Euro 74.670 GBP 86.920

CURRENCY

USD/INR

BUY USD/INR SEP ABOVE 66.75 TARGET 66.87 67.02 SL BE-

LOW 66.57

SELL USD/INR SEP BELOW 66.63 TARGET 66.51 66.36 SL

ABOVE 66.83

EUR/INR

BUY EUR/INR SEP ABOVE 74.81 TARGET 74.93 75.13 SL BE-

LOW 74.63

SELL EUR/INR SEP BELOW 74.66 TARGET 74.54 74.34 SL

ABOVE 74.86

CURRENCY MARKET UPDATES:

Indian rupee reversed its initial losses and closed flat with marginal gains at 66.65 level against US dollar at the Inter-bank Foreign Exchange market on Friday on account of selling of American currency by banks and exporters. In-creased foreign fund inflows in the domestic market and dollar weakness against some other currencies overseas, supported the local currency.

The local unit had opened weak and fell 4 paise at 66.70 against US dollar as demand for American currency in-creased among banks and importers amid flat opening of equity markets. The domestic currency had closed strong on Thursday by gaining 36 paise up at 66.66 against the US dollar following selling of American currency by bankers and exporters amid firm domestic markets.

On the global front, dollar gained against yen after the Fed-eral Reserve trimmed its long-term interest rate expecta-tions and the Bank of Japan rebooted its monetary policy framework.The dollar held onto modest gains against the other major currencies in quiet trade on Friday, although the Federal Reserve’s decision this week to leave interest rates on hold continued to weigh on the greenback

“Indian rupee continues to be driven by fund inflows and

expectations of a rate cut by Reserve Bank of India in Octo-

ber policy review. Non-deliverable forwards (NDF) contin-

ues to trade at a discount against the dollar. Near-term

range 66:30/66:40 The currency touched a high and low of

66.73 and 66.62 respectively. The Reserve Bank of India’s

(RBI) reference rate for the dollar stood at 66.65 and for

Euro stood at 74.67 on September 23, 2016. While the

RBI’s reference rate for the Yen stood at 66.08, the refer-

ence rate for the Great Britain Pound (GBP) stood at

86.92.The reference rates are based on 12 noon rates of a

few select banks in Mumbai. The FIIs as per Friday’s data

were net buyers in equity segment, while they were net

sellers in debt segment.

DAILY REPORT 26

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Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

23/09/16 NCDEX DHANIYA OCT. BUY 7520 7565-7665 7455 1ST TARGET

23/09/16 NCDEX DHANIYA OCT. SELL 7460 7415-7315 7525 ALL TARGET

23/09/16 NCDEX GUARGUM OCT. BUY 7300 7350-7420 7240 NOT EXECUTED

23/09/16 NCDEX GUARGUM OCT. SELL 7100 7050-6980 7160 ALL TARGET

23/09/16 MCX GOLD OCT BUY 31400 31500-31700 31300 NOT EXECUTED

23/09/16 MCX GOLD OCT. SELL 31200 31100-30900 31300 NOT EXECUTED

23/09/16 MCX SILVER DEC. BUY 47700 47900-4850 47500 NOT EXECUTED

23/09/16 MCX SILVER DEC. SELL 47400 47200-46600 47600 1ST TARGET

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

23/09/16 NIFTY FUTURE BUY 8800 8880-8950 8920 NOT EXECUTED

23/09/16 TVSMOTORS FUTURE BUY 350 354-360 346 ALL TARGET

23/09/16 ARVINF FUTURE BUY 345 349-355 340 ALL TARGET

23/09/16 HCLINFOSYSTEM CASH BUY 48 48.80-50.50 47 NOT EXECUTED

21/09/16 HINDUNILVR FUTURE SELL 908-910 900-890 920 PROFIT BOOKED

DAILY REPORT 26

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TIME REPORT PERIOD ACTUAL CONSENSUS

FORECAST PREVIOUS

MONDAY, SEPT. 26

10 AM NEW HOME SALES AUG. 654,000

TUESDAY, SEPT. 27

9 AM CASE-SHILLER HOME PRICES JULY 5.1%

9:45 AM MARKIT SERVICES PMI (FLASH) SEPT. 51.0

10 AM CONSUMER CONFIDENCE SEPT. 101.1

WEDNESDAY, SEPT. 28

8:30 AM DURABLE GOODS ORDERS AUG. 4.4%

8:30 AM CORE CAPITAL EQUIPMENT ORDERS AUG. 1.5%

THURSDAY, SEPT. 29

8:30 AM WEEKLY JOBLESS CLAIMS 9/24 N/A 252,000

8:30 AM GROSS DOMESTIC PRODUCT Q2 1.1%

8:30 AM ADVANCE TRADE IN GOODS AUG. -$59.3BLN

10 AM PENDING HOME SALES AUG. 1.3%

FRIDAY, SEPT. 30

8:30 AM PERSONAL INCOME AUG. 0.4%

8:30 AM CONSUMER SPENDING AUG. 0.3%

8:30 AM CORE INFLATION AUG. 0.1%

9:45 AM CHICAGO PMI SEPT. 51.5

10 AM CONSUMER SENTIMENT SEPT. 89.8