DAILY REPORT 02 nd NOVEMBER 2016 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Asian shares stumbled and the US dollar was on the defensive on Wednesday as signs that Republican US presidential candidate Donald Trump could be closing the gap with his Democratic rival Hillary Clinton spooked investors. Anxiety in markets has deepened over a possible Trump victory given uncertainty on the Republican candidate's stance on several issues including foreign policy, trade relations and immigrants, while Clinton is viewed as a candidate of the status quo. MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.4 percent while Japan's Nikkei fell 1.1 percent. The tumultuous presidential race appeared to tighten after news that the Federal Bureau of Investigation was reviewing more emails as part of a probe into Clinton's use of a private email server. Wall Street sold off on Tuesday, with the S&P 500 closing at the lowest level since July 7, amid growing concern over the impending US presidential election and prospects for higher US interest rates. Stocks pared losses after falling steeply in early afternoon trading as the S&P 500 breached a key technical level. The tumultuous presidential race between Democrat Hillary Clinton and Republican Donald Trump has appeared to tighten in the past week after news that the FBI was investigating more emails as part of a probe into Clinton's use of a private email system.Real estate , telecommunications and utilities stocks - sectors that tend to perform poorly in rising rate environments - sold off especially sharply. Previous day Roundup A divergent trend was witnessed as the barometer index, the S&P BSE Sensex, settled with small losses while the Nifty 50 index settled a tad higher. The barometer index, the S&P BSE Sensex fell 53.60 points or 0.19% to settle at 27,876.61. The Nifty rose 0.55 points or 0.01% to settle at 8,626.25. The Sensex settled below the psychologically important 28,000 level. The Sensex had hovered above and below the mark after regaining that level in early afternoon trade. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 171.31 pts], Capital Goods [up 46.58 pts], PSU [up 23.18 pts], FMCG [down 4.4pts], Realty [up 3.98 pts], Power [down 2.32pts], Auto [up 16.94pts], Healthcare [up 97.91pts], IT[down 37.94pts], Metals [up 31.97 pts], TECK [down 19.55 pts], Oil& Gas [up 20.42 pts]. World Indices Index Value % Change DJI 17915 -1..10 S&P500 2097.75 -1.31 NASDAQ 5153.58 -0.69 FTSE100 6917.14 -0.54 NIKKEI 17153.93 -1.68 HANG SENG 22836.70 -1.36 Top Gainers Company CMP Change % Chg NTPC 156.05 1.15 0.68 HINDUNILVR 838.00 4.60 0.33 DRREDDY 3,336.50 12.40 0.30 Top Losers Company CMP Change % Chg ONGC 282.95 -6.10 -2.14 SBIN 253.50 -5.65 -2.10 ADANIPORTS 298.95 -6.20 -2.03 BANKBARODA 152.35 -3.00 -1.90 YESBANK 1,226.95 -23.75 -1.80 Stocks at 52 Week’s HIGH Symbol Prev. Close Change %Chg ACE 57.80 1.60 2.85 APOLSINHOT 336.00 4.60 1.39 BEARDSELL 550.00 -4.20 -0.76 BGLOBAL 6.95 0.30 4.51 BIRLACOT 0.10 0.00 0.00 DUCON 83.45 3.95 4.97 EXCELCROP 1,945.00 -47.40 -2.38 Indian Indices Company CMP Change % Chg NIFTY 8626.25 +0.55 +0.01 SENSEX 27876.61 -53.60 -0.19 Stocks at 52 Week’s LOW Symbol Prev. Close Change %Chg BIRLACOT 0.10 0.00 0.00 DBSTOCKBRO 16.10 -0.15 -0.92 INFY 985.00 -4.45 -0.45
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Epic research special stock market report 2nd nov 2016
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DAILY REPORT 02
nd NOVEMBER 2016
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance
Asian shares stumbled and the US dollar was on the defensive on Wednesday as signs that Republican US presidential candidate Donald Trump could be closing the gap with his Democratic rival Hillary Clinton spooked investors. Anxiety in markets has deepened over a possible Trump victory given uncertainty on the Republican candidate's stance on several issues including foreign policy, trade relations and immigrants, while Clinton is viewed as a candidate of the status quo. MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.4 percent while Japan's Nikkei fell 1.1 percent. The tumultuous presidential race appeared to tighten after news that the Federal Bureau of Investigation was reviewing more emails as part of a probe into Clinton's use of a private email server.
Wall Street sold off on Tuesday, with the S&P 500 closing at the lowest level since July 7, amid growing concern over the impending US presidential election and prospects for higher US interest rates. Stocks pared losses after falling steeply in early afternoon trading as the S&P 500 breached a key technical level. The tumultuous presidential race between Democrat Hillary Clinton and Republican Donald Trump has appeared to tighten in the past week after news that the FBI was investigating more emails as part of a probe into Clinton's use of a private email system.Real estate , telecommunications and utilities stocks - sectors that tend to perform poorly in rising rate environments - sold off especially sharply.
Previous day Roundup
A divergent trend was witnessed as the barometer index, the S&P BSE Sensex, settled with small losses while the Nifty 50 index settled a tad higher. The barometer index, the S&P BSE Sensex fell 53.60 points or 0.19% to settle at 27,876.61. The Nifty rose 0.55 points or 0.01% to settle at 8,626.25. The Sensex settled below the psychologically important 28,000 level. The Sensex had hovered above and below the mark after regaining that level in early afternoon trade.
Index stats
The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 171.31 pts], Capital Goods [up 46.58 pts], PSU [up 23.18 pts], FMCG [down 4.4pts], Realty [up 3.98 pts], Power [down 2.32pts], Auto [up 16.94pts], Healthcare [up 97.91pts], IT[down 37.94pts], Metals [up 31.97 pts], TECK [down 19.55 pts], Oil& Gas [up 20.42 pts].
After corrcting from higher levels the stock has taken strong support at 314 level and bounced upside in last two sessions rose with invreased volume participation . On intra daychart the stock has made inverted head and shulder pattern and given breakout with heavy volume thus supported with positive technical indicators the stock is looking good to buy above 330 for the target of 335-350 with SL of 325.
MACRO NEWS
RBI fixes rupee reference rate at 66.7140 against US dollar
NHAI awards Rs 1,444 cr Punjab contract to GR Infraprojects
Tata Motors Oct sales grow 21% on festive demand; exports up 39%
Maruti Suzuki Oct sales fall 0.3%, exports drop 24%; UV up 91%
Ashok Leyland reports 28% hike in October sales Volkswagen India sales up 70% in October Dabur to acquire personal care business of South
African CTL Group Leadership changes on Tata Sons not to impact risk
profile Sonthalia Group plans 600 Mw solar park in Odisha Kellton Tech Q2 net up 38% at Rs 13 crore Freshdesk raises $55 Million from Sequoia Capital India
and Accel Partners Pfizer profit just misses estimates; company scraps
cholesterol drug JSW Energy's hydro benefit unlikely in second half of
FY17 BGR Energy gets Rs 2,600-crore project for 800 Mw
pant in TN Cadila Healthcare gains ahead of presenting new data
of Saroglitazar
STOCK RECOMMENDATIONS [FUTURE]
1.ARVIND[FUTURE]
Previous session we saw some bounce in market but in last one hour profit booking arise for that many of the stocks finished at days low, where Textile sector also positive ans ARVIND future made new 52 week high of 424.90 since on daily chart last three session showing profit booking on every rise and the pattern is bearish so we advise to sell it around 420-421 with stop loss of 425.50 for target of 415 402
2.HAVELLS [FUTURE]
In September series we have seen around 12-14 per cent down fall in Havells stock but in last two week it is creating bottom near 400 psychological level where the 397 is 100dma level so we advise to buy it around 405 intraday target will be 410 412 418 with stop loss of 401.50
STOCKS IN NEWS GSPC seeks partners for 20 onshore blocks Lupin gets FDA approval for Generic Ortho-Cyclen 28
Tablets Balasore Alloys BM on 3 Nov to allot 2.3cr warrants at
Rs21.5 each to promoter group Rama Steel Tubes BM on 8 Nov to consider 100%
acquisition of Lepakshi Tubes Central Bank of India approved issue of shares worth
Rs156.79cr to LIC NIFTY FUTURE
We would continue with the cautious stance as long as 8745 is not violated convincingly. Before this, 8678 is now seen as immediate hurdle for the index. On the downside, intraday support levels are placed at 8580 - 8550. Since, the market is still lacking clear direction, we would advise traders to stay light as long as the Nifty remains within a range and wait for a breakout to happen from the mentioned range in order to take a direction call on the market. Thus sell it on rise around 8650 for the target of 8580-8500 with SL of 8720.
COMMODITY ROUNDUP Tracking firm global trend gold futures were trading higher during the afternoon trade in the domestic market on Tuesday as investors and speculators widened their positions in the precious metal. Analysts attributed the rise in gold prices at the futures trade to positive global cues. At the MCX gold futures for December 2016 contract is trading at Rs 30096 per 10 grams up by 0.49 per cent after opening at Rs 30000 against a previous close of Rs 29950. It touched the intra-day high of Rs 30108 Following gold silver futures were trading higher during the evening trade in the domestic market on Tuesday as participants widened their bets in the precious metal tracking a firm trend in the precious metals overseas. Further analysts attributed the rise in silver prices at futures trade to building up of positions by traders in the precious metal driven by a firm trend in the precious metal overseas. At the MCX silver futures for December 2016 contract is trading at Rs 42970 per kg up by 1.34 per cent after opening at Rs 42494 against a previous close of Rs 42402. It touched the intra-day high of Rs 43080 opper metal closed at rupees 329.65 kg. The prices tested a low of Rs 325.30 per kg. The session of Wednesday will be interesting to watch out for as prices will come in flow of regular sessions. The Commitment of Traders (CoT) report was released last week. This report is expected to give direction to Copper prices in near future. The activity of Merchants was in favor of increasing long and short positions for the week ending 25 Oct 2016. On the other hand, increase was noted in long positions and short positions of Money Managers. The long positions of Merchants were 32375 on 25 October 2016 against 31325 on 18 October 2016, while short positions decreased to 59340 on 25 October 2016 against 61304 on 18 October 2016. Overall the net positions in case of merchants are favoring shorts by 26965. Commitment of Traders showed that the long positions of Money Managers increased by 1634. The total long positions of Copper for the one week period ending was 56342 on 25 October 2016 compared to 54708 on 18 October 2016. Lead futures were trading higher during the morning trade in the domestic market on Tuesday as investors and speculators indulged in building up of fresh positions in the industrial metal amidst increase in physical demand for lead from battery-makers in the domestic spot market.trade.
The latest update from United States Department of Agriculture (USDA), the Indian wheat production for MY 2016/17 is revised lower to 87 million metric tons (MMT) based on the continued tight domestic market as reflected by abnormally strong offtake of government wheat by the private trade under the open market sale scheme (OMSS) and firm domestic prices despite improved import prospects of cheaper foreign wheat after the government lowered the import duty . Various market and trade sources continue to estimate the crop in the range of 82-88 MMT against the Government's fourth advance estimate of 93.5 MMT.
Cardamom futures were trading lower during the evening trade in the domestic market on Tuesday as investors and speculators exited their positions in the agri-commodity amid ease of physical demand for cardamom in the domestic spot market. Further sufficient supplies on higher physical arrivals from the major cardamom producing regions too influenced the downtrend in the domestic cardamom prices. At the MCX cardamom futures for November 2016 contract is trading at Rs 1251 per kg down by 3.06 per cent after opening at Rs 1287 against a previous close of Rs 1290.50. It touched the intra-day low of Rs 1242.10
Mentha oil futures were trading higher during the evening trade in the domestic market on Tuesday as investors and speculators widened their positions in the agri-commodity amid rise in physical demand for mentha oil from major consuming industries in the domestic spot market. Further building up of positions by traders in the spot market led by an increase in demand for mentha oil from consuming industries at the domestic spot market against insufficient stocks position on restricted supplies from producing regions supported mentha oil prices at futures trade.
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