We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful. - Warren Buffet MORNING REPORT Have a Good Trading Day
We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
- Warren Buffet
MORNING REPORT Have a Good Trading Day
MORNING REPORT :20 DECEMBER 2018
GLOBAL INDICES
NAME CMP NET CH. %
Dow 23323.66 -351.98 -1.49%
Nasdaq 6636.83 -147.08 -2.17%
Nikkei 20690.69 -297.23 -1.42%
HANG SENG INDEX 25729.33 -136.061 -0.53%
SGX NIFTY 10898.00 -88.00 -0.85%
INDIAN INDICES
NAME CMP NET CH. %
BSE SENSEX 36484.33 137.25 0.38%
Nifty 50 10967.3 58.6 0.54%
INDIAN ADR’S
SYMBOL CLOSE GAIN/ LOSS %
DRREDDY 36.63 -1.85
HDFCBANK 103.11 0.51
ICICIBK 10.22 -0.29
INFY 9.43 -1.15
TATA MOTOR 11.92 -2.77
WIPRO 5.23 1.16
FII AND MF ACTIVITY
SYMBOL Rs.(in cr.)
FIIs Eq (Provisional) 1209
DIIs Eq (Provisional) -481
FIIs Index Future 502
FIIs Index Options -357
FIIs Stock Future -71
FIIs Stock Options -324
CURRENCY
CURERNCY RBI RATE
RUPEE - $ 70.1094
EURO 79.8153
YEN 100 62.3800
GBP 88.7431
WORLD EVENTS
WORLD COMMODITIES
FUTURE CMP %
CRUDE 47.96 1.61%
NATURAL GAS 3.714 -0.32%
GOLD 1248.5 -0.63%
SILVER 14.605 -0.66%
COPPER 2.675 -1.51%
MARKET PULSE MARKET PULSE
TOP STORY
Religare Enterprises’ subsidiary filed a criminal complaint against the Singh brothers, former promoters of the parent, and their associates for a llegedly s iphoning and misappropriating Rs 740 crore.
JSW Steel sa id that NCLT approved the resolution plan in the insolvency resolution process for Vardhman Industries.
KPIT Technologies: NCLT approved the merger plan with Birlasoft, which will then split into two -publicly traded companies. The tribunal also approved the demerger of company’s engineering business into KPIT Engineering.
Alembic Pharma received zero observations under Form 483 from the U.S. FDA for its API facility in Gujarat.
Allcargo Logistics sa id i t will explore emerging business opportunities related to Container Freight Stations, Inland Container Depots and Logistics Parks in India.
Thomas Cook board approved amalgamation of i ts three arms with self. The board a lso gave a nod to the demerger of the inbound business of the company to SOTC Travel and demerger of company’s Human Resources Services Business to Quess Corp.
Tata Consultancy Services aunched Cloud Solutions Program in Canada. This solution provides cloud infrastructure and secured functioning between premise and public cloud environment.
Cosmo Films launched sterilisable conduction sealing film. This film is mainly used in dairy industry for flavored milk,
pharma industry and bakery products. Coal India seeks to buy coking coal mines in Australia and Canada. The s tate run -miner has identified “certain assets’, which
are under different s tages of due diligence, Coal Minister Piyush Goyal tells lawmakers in a wri tten reply to questions .
NO RESULTS
RESULTS TODAY
GBP : Reta il Sales m/m
: MPC Official Bank Rate Votes
: Monetary Policy Summary
USD : FOMC Economic Projections
: FOMC Statement
: Federal Funds Rate
MORNING REPORT: 20 December 2018
MARKET LEVELS
NAME PIVOTNIFTY 10960 10935 10903 10878 10992 11017 11050
USDINR 70.756 70.583 70.483 70.310 70.856 71.029 71.129
SUPPORT LEVELS RESISTANCE LEVELS
MARKET COMMENTARY
The Sensex rose 137.25 points or 0.38% to settle at 36,484.33, its highest closing level since 1 October 2018. The index rose 207.91 points, or 0.57% at the day's high of 36,554.99. The index rose 34.79 points, or 0.10% at the day's low of 36,381.87.
The Nifty 50 index rose 58.60 points or 0.54% to settle at 10,967.30, its highest closing level since 1 October 2018. The index rose 76.45 points, or 0.70% at the day's high of 10,985.15. The index rose 19.30 points, or 0.18% at the day's low of 10,928.
The S&P BSE Mid-Cap index rose 1.50%. The S&P BSE Small-Cap index rose 1.09%. Both these indices outperformed the Sensex.
The market breadth, indicating the overall health of the market, was strong. On the BSE, 1644 shares rose and 979 shares fell. A total of 160 shares were unchanged.
Nifty likely to trade in the range of 10880-11050
NIFTY CHART
MORNING REPORT: 20 December 2018
BULK DEALS (BSE) SCRIP CLIENT NAME BUY/SELL QUANTITY PRICE
BCP HARSHITJAIN S 347,000 30.14
PRISMMEDI SURESH KUMAR . S 50,000 42.43
REGENCY BHAVIK KALPESH SHAH S 21,309 18.20
SAHYOGMULT RADHEY SHYAM AGRWAL B 75,000 11.53
RONI ARYAMAN BROKING LIMITED S 30,000 25.00
BULK DEALS (NSE)
SCRIP CLIENT NAME BUY/SELL QUANTITY PRICE
AKASH SANGHVI ASSOCIATES BUY 88000 74
AKASH SAMIR R SHAH (HUF) SELL 88000 74
PUNJLLOYD IFCI LTD. SELL 5493201 4.37
DRSDILIP ARYAMAN CAPITAL MARKETS LIMITED BUY 200000 75.5
DRSDILIP SHAH BABULAL VADILAL HUF SELL 112000 75.5
SCRIP’S IN F&O BAN (To resume for normal trading below 80% of market wide limit required)
In ban: Adani Enterprises, Adani Power, Jet Airways and Reliance Capital
New in ban: none Out of ban: none
Initial Public Offering (IPO)
Company Name Security
type Issue Start Date
Issue End Date
Status
MORNING REPORT: 20 December 2018
NIFTY 50 STOCKS: SUPPORT & RESISTANCE
Symbol Close Support 1 Support 2 Pivot Point Resistance 1 Resistance 2ADANIPORTS 376 373 370 375 378 380
ASIANPAINT 1400 1378 1356 1392 1415 1429
AXISBANK 642 623 605 637 656 670
BAJAJ-AUTO 2863 2845 2826 2863 2882 2900
BAJAJFINSV 6405 6254 6103 6340 6491 6576
BAJFINANCE 2597 2555 2513 2592 2634 2671
BHARTIARTL 323 319 316 322 325 328
BPCL 362 357 352 360 365 368
CIPLA 525 522 519 525 528 531
COALINDIA 251 250 248 251 253 255
DRREDDY 2614 2582 2550 2616 2648 2683
EICHERMOT 23956 23769 23583 23995 24181 24407
GAIL 359 354 350 357 361 364
GRASIM 855 845 836 861 870 886
HCLTECH 957 946 935 965 976 995
HDFC 1982 1958 1935 1972 1995 2009
HDFCBANK 2123 2105 2086 2132 2151 2178
HEROMOTOCO 3305 3280 3255 3305 3330 3355
HINDALCO 227 225 224 227 229 230
HINDPETRO 236 233 231 236 239 242
HINDUNILVR 1845 1839 1832 1848 1855 1864
IBULHSGFIN 840 802 764 822 860 881
ICICIBANK 367 362 357 366 370 374
INDUSINDBK 1613 1597 1582 1625 1640 1668
INFRATEL 263 256 249 262 269 274
INFY 665 660 655 666 671 676
IOC 146 145 144 146 147 149
ITC 283 280 276 282 285 287
JSWSTEEL 311 306 301 309 314 317
KOTAKBANK 1226 1217 1208 1231 1240 1255
LT 1435 1428 1421 1433 1440 1445
M&M 783 771 759 779 791 799
MARUTI 7936 7828 7720 7889 7997 8058
NTPC 150 148 146 149 151 152
ONGC 148 147 147 148 149 150
POWERGRID 199 196 193 198 201 202
RELIANCE 1137 1131 1125 1139 1145 1153
SBIN 301 296 292 299 304 306
SUNPHARMA 424 420 415 427 431 439
TATAMOTORS 174 172 170 174 176 178
TATASTEEL 527 524 520 528 532 536
TCS 1968 1957 1946 1971 1982 1996
TECHM 709 696 683 705 718 727
TITAN 929 924 919 933 938 947
ULTRACEMCO 4085 4002 3919 4088 4171 4256
UPL 756 747 739 754 762 769
VEDL 207 205 203 207 209 212
WIPRO 341 334 327 338 345 349
YESBANK 180 178 176 180 182 185
ZEEL 465 451 436 462 476 487
MORNING REPORT: 20 December 2018
s
s
NSE CIRCULARS
BOARD MEETINGS/ CORPORATE ACTION COMPANY NAME DATE PURPOSE
LALPATHLAB 19-Nov-18 Interim Dividend - Rs 2.50 Per Share
TIDEWATER 19-Nov-18 Interim Dividend
CUPID 19-Nov-18 Interim Dividend - Re 1 Per Share
MANAPPURAM 19-Nov-18 Interim Dividend - Re 0.55 Per Share
GULPOLY 19-Nov-18 Interim Dividend
MRF 19-Nov-18 Interim Dividend - Rs 3 Per Share
SAKSOFT 20-Nov-18 Interim Dividend - Re 1 Per Sh
SIYSIL 20-Nov-18 Interim Dividend
MASFIN 20-Nov-18 Interim Dividend - Rs 1.50 Per Sh
PAGEIND 20-Nov-18 Interim Dividend
MAANALU 20-Nov-18 Interim Dividend
PGHH 20-Nov-18 Annual General Meeting/Dividend Rs 40 Per Share
GILLETTE 20-Nov-18 Annual General Meeting/Dividend Rs 23 Per Share
CMICABLES 20-Nov-18 Annual General Meeting/Dividend Re 1 Per Share
AUROPHARMA 20-Nov-18 Interim Dividend - Rs 1.25 Per Share ASTRAL 20-Nov-18 Interim Dividend
AMARAJABAT 20-Nov-18 Interim Dividend - Rs 2 Per Share JAMNAAUTO 29-Nov-18 Interim Dividend - Re 0.50 Per Sh
NSE Circular. : Applicability of Additional Surveillance Measure (ASM) (zip) W.e.f. DEC 20, 2018
NSE Circular: Applicability of Short Term Additional Surveillance Measure (ST-ASM) (zip) w.e.f. DEC 20, 2018
NSE Circular: Listing of further issues of Future Lifestyle Fashions Limited, Himachal Futuristic Communications
Limited, Quick Heal Technologies Limited and Sical Logistics Limited (pdf)W.e.f. DEC 20, 2018
NSE Circular: Live trading sessions from Disaster Recovery (DR) site (pdf)W.e.f. DEC 20, 2018
NSE Circular: Listing of Equity Shares of Odisha Cement Limited pursuant to the Scheme of Arrangement (pdf)W.e.f.
DEC 20, 2018
NSE Circular: Suspension of trading in Equity Shares for non-compliance with Regulations 31 (pdf))W.e.f. DEC 20,
2018
NSE Circular: Contingency Dril l / Mock Trading schedule for 2019 in the Capital Market Segment (pdf)W.e.f. DEC 20,
2018
MORNING REPORT: 20 December 2018
PRECIOUS METALS:
COMMDITY (MCX)
S2 S1 PIVOT POINT
R1 R2
GOLD (Feb) 30690 30960 31265 31645 31875
SILVER (Mar) 35701 36548 37600 38824 40345
BASE METALS
COMMDITY (MCX)
S2 S1 PIVOT POINT
R1 R2
COPPER (Feb)
409 414 420 427 433
ZINC (Dec) 174.25 177.60 180.65 184.70 187.90
LEAD (Dec) 131.20 134.10 137.20 140.40 143.75
NICKEL
(Dec) 725 740 761 786 805
ENERGY
COMMDITY
(MCX) S2 S1
PIVOT
POINT R1 R2
CRUDE OIL (JAN)
3100 3220 3345 3510 3636
NATURAL GAS (Dec)
236 245 256 270 281
DATA TALKS : TODAY’S ECONOMIC DATA :
NEWS & RUMOURS: TRENDS & OUTLOOK – DATE: 20-Dec- 2018
Gold (Spot Dollar) major support =
$1220/$1195 & Resistance =
$1279/$1299.
Crude oil range (WTI)->$43 to $53.
Stocks Gain Before Fed Decision;
Treasuries Steady: Markets Wrap: -
Stocks climbed as investors waited to
see whether Federal Reserve policy
makers would strike a dovish stance
when they reveal their rate decision
today.
Forex - U.S. Dollar Falls Amid
Expectations of Fed Hike: - The U.S.
dollar was lower on Wednesday as
investors wait for the Federal Reserve to
raise interest rate hikes later in the day.
Fed officials, including Fed Chairman
Jerome Powell, have said interest rates
are nearing neutral and have become
more cautious about the FOMC policy
amid worry of slowing global growth.
Gold prices climb toward a nearly 6-
month high as Fed decision looms: -
Gold prices on Wednesday climbed
toward their highest finish in nearly six
months, finding support from a weaker
U.S. dollar ahead of the Federal
Reserve’s final monetary policy decision
of 2018.
Natural Gas Price Fundamental Daily
Forecast – Mild Forecast Continues
to Weigh on Prices: - The failure to
follow-through to the upside earlier
today serves as proof that yesterday’s
rally was technical in nature especially
since there were no significant changes
in the weather outlook.
U.S. Crude Oil Inventories Fell by
0.5M Barrels Last Week: EIA: - U.S.
crude oil inventories fell less than
expected last week, the Energy
Information Administration said in its
weekly report on Wednesday. The EIA
data showed that crude oil inventories
decreased by 0.497 million barrels in the
week to Dec. 14. That was compared to
forecasts for a stockpile draw of 2.44
million barrels, after a drop of 1.21
million barrels in the previous week,
amounting to a second-straight weekly
FOMC Economic Projections, FOMC
Statement, Federal Funds Rate, FOMC Press
Conference, Monetary Policy Statement of
JPY, BOJ Press Conference, Monetary Policy
Summary of GBP, Philly Fed Manufacturing
Index, Unemployment Claims, CB Leading
Index m/m, Natural Gas Storage.
MORNING REPORT: 20 December 2018
MORNING REPORT: 20 December 2018
MORNING REPORT: 20 December 2018
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