11-Aug: Prov Cash: Rs.crs:
FIIs: -736.81 (3488.91-4225.72)
DIIs: +130.74 (1510.87-1380.13)
Cash Vol: 21361 vs 19474, +10%
F&O Vol: 223320 vs 178162, +25%
FII F&O Stats as on 11 Aug'15(Rs in crs)
Total BUY : + 278
Index Future : - 858
Index Option : + 1257
Stock Future : - 91
Stock Option : - 31
Agri Commodities
· SELL NCDEX CHANA SEPT AT 4470 - 4475, SL - 4810, TARGET - 4410(CMP - 4470)
· SELL NCDEX COCUDAKL SEPT AT 1936 - 1940, SL - 1960, TARGET - 1910(CMP - 1936)
· SELL NCDEX RMSEED SEPT AT 4123 - 4128, SL - 4160, TARGET - 4070(CMP - 4123)
Morning Commodities Recommendations
International Commodities
· BUY MCX GOLD OCT AT 25105 - 25115, SL - 25033, TARGET - 25230 (CMP - 25113)
· BUY MCX NATURAL GAS AUG AT 181.20 - 181.70, SL - 178, TARGET - 185(CMP - 181.70)
· SELL MCX COPPER AUG AT 337.50 - 338.50, SL - 341.50, TARGET - 334 (CMP - 337.45)
Buy ITC at 317-315 Target 340, Stop Loss 304 (14-21 Sessions)
This stock has been a laggard since past few months. After a sharp fall from the all time high of `402.62 post the Union Budget; this stock consolidated within a range of `320 – `290 for quite some time. Last week, we observed a first sign of strength as the stock prices confirmed a ‘Higher Top Higher Bottom’ formation on the daily chart for the first time in past few months. This can also be termed as a breakout from the ‘Multiple Resistance Zone’ of `322 on a closing basis. Due to lack of follow up buying interest, the stock prices have given a pull back towards the breakout point. But, going forward, we expect this momentum continue over the next few trading sessions.
STOCK OPTION STRATEGY: BUY SBI AUG 300CE @ 5 & 275 PE @ 4.50. TOTAL PREMIUM 9-10. SL 4 TGT 30
Topay's Key Result
11th Aug
Tata Steel(Cog Cons Est Net -438cr -229% Yoy Res Time-After Mkt)
SBI(Cog Est Net 3507cr +5% Yoy Res Tim-During Mkt)
Sun Pharma(Cog Cons Est Net 1304cr -6% Yoy Res Time-After Mkt)
BOSCH(Cog Est Net 293cr -4% Yoy Res Time-During Mkt)
NMDC(Cog Est Net 1097cr -43% Yoy Res Time-After Mkt)
Adani Ent,Aksh Opti,Ansal Prop,Apollo Hosp,Apollo Tyre,Aries Agro,Asian Oil,Aurionpro Sol,Deccan Cem,Ginni Fila,Gofrej Inds,Gnfc,Harr Malay, Hathway Cab,Hind Cop, HPCL,IFCI,Jai Corp,Jbf Inds,Jubliant Life,Kabra Extru,Mafatlal Inds,Prem Explo,Rajapalaya Mill,Rel Power,Supra Eng,Suryajyoti Spin,Tata Inv,Vindhya Tele, Vst Till,West Coast Pap
Economic Times
Business Standard
Ø Govt may not link gold monetisation scheme with CRR
Ø Govt to announce new gas price formula: Oil Minister
Ø Government approves 17,000-crore highways upgradation projects
Ø Rlys arm to issue Rs 6,000 cr tax-free bonds
Ø Govt bonds over-subscribed; FIIs pump in Rs 974 cr
Ø Foxconn's decision to invest in India ruffles Chinese media
Ø ABD calls off buyout talks with Tilaknagar Industries
Ø Govt lists GST Bill for passage in Rajya Sabha today
Ø Centre set to seek Rs 426 cr in damages from Nestle
Ø Asset quality pressures to continue for a few more quarters
Ø RBI intervenes more through forwards in foreign exchange market
Ø Indonesia urges US Fed to hurry up and raise interest rates
Ø Back to the future: Nokia prepares for mobile comeback
Ø Govt caps kerosene subsidy at Rs 12/ltr, LPG at Rs 18/kg
Business Line
Mint
Ø Greece, creditors ‘close’ to deal on third bailout
Ø Poland woos Indian firms to set up manufacturing facilities
Ø Vedanta resumes mining operations in Goa after 3 years
Ø Persuading States for single tax structure on bio-fuels: Oil Min
Ø State Bank, Sun Pharma, Tata Steel results today
Ø Chambal Fertilisers’ net jumps 81% on higher sales
Ø Wockhardt’s profitability rises in Q1 but US FDA’s go-ahead remains critical
Ø Shapoorji Pallonji raises Rs.2,610 crore in largest infra refinancing deal
Ø Videocon to roll out 4G mobile services by year end
Ø Lanco lenders to acquire Teesta Hydro Power by converting debt to equity
Ø J&K Bank Q1 profit rises 22%
Financial Express
Financial Chronicle
Ø Sensex ends 135 points on GST worries, ONGC top loser
Ø Recovery in corporate earnings several quarters away
Ø Airtel reduces prices for new broadband customers by up to 30%
Ø Adani Ports Q1 net profit up 13 per cent at Rs 641 crores
Ø FPIs go slow on corp bonds, await gilt limit hike
Ø Gujarat's all 4 discoms get A+ rating for 2013-14
Ø Sadbhav Engineering bags Rs 1,557-cr projects from NHAI
Ø Japan marks biggest H1 gain in current account surplus since 2010
Ø New premium gas pricing policy for deepwater blocks soon
FII Activity & Nifty View
Yesterday, FII’s activity in cash market segment was subdued. While in Index Futures they were net buyers of worth Rs.613 crores with rise in open interest. This suggest FII’s did not participated in last half an hours fall in Nifty, in fact they formed fresh longs in Index Futures in last trading session.
In Index Options front they bought to the tune of Rs.633 crores with rise in open interest. In call options, 8700 strike added good amount build-up, which is long position formed by FIIs. On the other hand in put options, we hardly saw any fresh build-up. Some unwinding was seen in 8200 and 8400 put options. Maximum open interest is seen in 8800 call and 8200 put options.
Seeing the above data, we believe Nifty may remain strong, as FIIs continue to form longs. We suggest to trade with positive bias in Nifty till we see any relevant changes.
Indian Adr/Gdr
Infy:+0.91%, Wit:+0.64%
Ttm:+1.17%, Rdy:+0.70%
Hdb:+0.06%, Ibn:+0.30%
SBID: -0.11%, RIGD: -0.23%
Yoy
Market Update:
Sgx Nifty +28 pts
Dow +241.79 pts ,Nsdq +58.25 pts , S&P +26.71 pts ,Bovespa +775 pts, Ftse +17 pts , Dax +113 pts, Cac +40 pts, Nikkei +107 pts , now, Crude @ $44.77/brl (-0.19), Brent @ $50.09 (-0.32) , Gold @ $1104.60 (+0.50), Silver @ $15.25 (-0.04), Euro @ $1.1019, JPY @ $124.6200,
Economic Times
Business Standard
Ø Fin ministry to seek cabinet nod for monetary policy panel
Ø Govt working on new coal scheme to aid sick discoms
Ø Sebi seeks to step up scrutiny of managers: Sources
Ø China has spent $147 bn to prop up stocks: Goldman
Ø Govt approves proposal to divest NTPC, NHPC stake
Ø Govt to set up special notified zone for diamond trade
Ø Crisil downgrades Vedanta by one notch to 'AA'
Ø Commerce Ministry allows bulk export of rice bran oil
Ø Private players cry foul over 'unfair' project allotment to BHEL
Ø EPFO makes stock market debut through SBI MF
Ø Reserving mines for OMC to hurt mineral development: Experts
Ø Airtel launches 4G services nationally ahead of Jio
Ø ADAG, Maharashtra govt set for a showdown over Mumbai Metro
Ø Odisha govt to engage SBI Caps, MSTC for mine auctions
Ø Srei Infra plans to scale up acquisition of stressed infra projects
Business Line
Mint
Ø NSE lists SBI MF’s Nifty ETF for trade
Ø Mozambique eager to build cooperation in agriculture, infrastructure
Ø Lok Sabha passes Negotiable Instruments (amendment) Bill
Ø RBS raises $3.1 billion through issue of contingent convertible bonds
Ø Another blow for Adani in Australia as bank ends adviser role
Ø Motherson Sumi net profit jumps 62%
Ø Aviva Investors opposes Vedanta takeover bid for Cairn India
Ø Oil trades close to multi-month lows, Brent below $50
Ø US Fed rate hike in sight, but bond markets are quiet
Ø Dr. Reddy’s plans more R&D alliances with foreign firms
Ø Jharkhand govt stalls Tata Steel’s iron ore disptaches from Noamundi mine
Ø Practo raises $90 million from China’s Tencent, others
Financial Express
Financial Chronicle
Ø Nomura pegs GDP growth at 8% in FY16; Sensex at 33,500 by December
Ø India defers FTA talks after EU bans 700 pharma products of GVK Bio
Ø FIIs trim stake in 41 Nifty stocks
Ø Jet Airways chairman pitches for reducing aviation fuel prices
Ø SRF Records 22% Jump in Consolidated PAT at Rs.113 Crore
Ø Rolta bags $15 mn smartcity project in Middle East
Ø Govt mulls surplus sugar export via barter trade
Ø Aviva to hike stake to 49 pc in Indian insurance JV
Ø Govt capital infusion in PSBs credit positive: Moody's
Ø IRDAI to announce bancassurance norms in three weeks
Ø Bajaj Electricals net rises over three-fold at Rs 20.34 crore
Ø Tata Global Beverages reports lower profit
Market Update:
Sgx Nifty -35 pts
Dow -120.72 pts ,Nsdq -83.50 pts , S&P -16.23 pts ,Bovespa -275 pts, Ftse -5 pts , Dax -51 pts, Cac -4 pts, Nikkei -35 pts , now, Crude @ $47.79/brl (+0.13), Brent @ $49.63 (+0.11) , Gold @ $1088.60 (-1.50), Silver @ $14.61 (-0.07), Euro @ $1.0930, JPY @ $124.7100, INR @ $63.7650
