cash market segment

 Wednesday, FIIs were net sellers in cash market segment to the tune of Rs. 337 crores. They sold Index Futures marginally with fall in OI, suggesting mix of long unwinding and short covering in last trading session.

 In Index Options front, they were net sellers of Rs. 287 crores with marginal change in OI. In call options we saw build-up in 7800 and 8200 strikes, followed by unwinding in 8000 & 8300 call options. While in put options, 7800 strike added good amount of OI, some build-up was also visible in 7500 & 7900 put option. Maximum OI is seen in 8200 call and 7800 put options.

 We continue to see meaningful selling in equities by bigger hands. Even though Nifty gave a decent bounce, we are hardly witnessing any substantial buying interest in Nifty. We still believe it’s a sell on rise market; 7900-8000 is an immediate resistance for Nifty.

Financial Express

Financial Express

Financial Chronicle
Ø  Goldman Sachs chief 'would not invest in China'

Ø  Infra projects remain under stress as funds fall short

Ø  GMR Energy gets gas for two power plants in Andhra Pradesh

Ø  Kishore Biyani says getting harder to do biz, rues ever-rising permits

Ø  GAIL re-floats $7 billion tender to hire LNG ships

Ø  Govt mulls raising FDI limit in private banks to 100%

Ø  NHAI allows 2 developers to divest stake in TN project

Ø  India all set to witness a wearable tech explosion

Ø  MMTC to help Goa mine operators sell iron ore

Ø  L&T to build Rs 1,700-cr Bangladesh power plant

Business Line

Business Line

Mint
Ø  US current account narrows sharply in second quarter

Ø  Private equity deals worth $1.7 bn sealed in August: Thornton

Ø  CAD to be around 1.5% of GDP this fiscal: RBI

Ø  Emerging markets with limited forex at higher risk to US rate hike: Moody’s

Ø  Govt may raise cap on equity investments by state PF to 15%

Ø  Labourers clash at RIL colony in Jamnagar

Ø  ONGC expects a correction in oil prices

Ø  SABMiller and AB InBev merger likely to lift spirits at India units

Ø  Blackstone buys Serco’s India BPO operations for Rs2,558 crore

Ø  Sun Pharmaceutical eyes InSite Vision’s research portfolio

Ø  Mahindra Auto Steel opens new factory near Pune

Economic Times

Economic Times

Business Standard
Ø  Fed holds rates steady on global economic weakness

Ø  India's ranking slips further in Global Innovation Index 2015

Ø  Worries over global growth weigh as US Fed mulls rate hike

Ø  US jobless claims at 8-week low; housing starts fall

Ø  Emerging central banks step in to curb currency falls

Ø  Government notifies miners contribution to District Mineral Foundation

Ø  Pvt placement of debts doubled, capex remains limited

Ø  Carrot & stick approach for sick power discoms

Ø  Sustained low inflation to cut cost of capital: RBI deputy governor

Ø  Hero Cycles acquires Firefox Bikes in all-cash transaction

Ø  Govt will 'put to sleep' pending tax disputes: FM

Ø  Commodity brokers urge Sebi to exempt transaction fee, charges

Ø  BPCL may import Ethane from US for its petchem unit

Market Update

Market Update:
Sgx Nifty +62 pts from Nifty fut(7896)
Dow -65.21pts ,Nsdq +4.71 pts , S&P‎-5.11 pts ,Bovespa -2 pts, Ftse -42 pts , Dax +2 pts, Cac +9 pts, Nikkei  -192 pts , now, Crude @ $46.77 brl (-0.13), Brent @ $49.08 (-0.66) , Gold @ $1130.50 (+13.50), Silver @ $15.12(+0.14), Euro @ $1.1417, JPY @ $119.8800, INR @ $66.4000
 ‎

BUY NSECALL BANKNIFTY SEP

BUY NSECALL BANKNIFTY SEP 17300 @ 190-195 SL 173 TRG 245

NIFTY trades

The trend deciding level for the day is 7,836 levels.

If NIFTY trades above this level during the first half-an-hour of trade then we may witness a further rally up to 7,873 – 7,917 levels.

However, if NIFTY trades below 7,836 levels for the first half-an-hour of trade then it may correct towards 7,793 – 7,756 levels.

market segment

 Yesterday FIIs were net sellers in cash market segment to the tune of Rs. 910 crores. They bought Index Futures of Rs. 257 crores with rise in OI, suggesting some fresh long formation in last trading session.

 In Index Options front, they were net sellers of Rs. 1721 crores with marginal change in OI. In call options we saw build-up in 7800 and 8100 strikes, followed by unwinding in 8500 call options. While in put options, we hardly saw any strike adding reasonable OI, some unwinding was visible in 8000 put option. Maximum OI is seen in 8000 call and 7500 put options.

 We continue to see meaningful selling in equities by bigger hands. Even though Nifty gave a decent bounce, we are hardly witnessing any substantial buying interest in Nifty. We still believe it’s a sell on rise market; 7900-7950 is an immediate resistance for Nifty.

Economic Times

Economic Times

 

Business Standard

Ø  RBI base rate calculation norms may help monetary policy: ICRA

Ø  Govt to pump Rs 70,000 cr in replacing old power units

Ø  9 biggest banks to form blockchain partnership

Ø  Advance tax from steel, banking sectors registers fall

Ø  Trade data: Exports fall 20.7 per cent y/y in August 

Ø  Fed meets, decision on rate hike seems like a toss-up

Ø  SFIO probes fund diversions by Kingfisher Airlines

 

Ø  Tata front runner for GE Capital's stake in SBI Cards

Ø  China falls drag world stocks back into red

Ø  India's FX reserves loss in August fourth highest among EMs

Ø  Everstone closes its third private equity fund at $730 million

Ø  Suvidhaa acquires mobile PoS platform AasaanPay

Ø  ONGC to complete 12 projects worth Rs 13K cr by May 2016

Ø  Orchid Pharma to convert rupee term loans to foreign currency loans

Business Line

 

Mint

Ø  To check bad loans, RBI for cap on lenders in a consortium

Ø  Industry body urges Centre to re-define MSMEs

Ø  Fertiliser cos see good sales growth in Kharif season

Ø  Corporate agents can now sell policies of up to 3 insurers

Ø  Modi asks Sri Lankan PM to support Indian investments in infra, energy 

Ø  Biocon opens new facility to make insulin devices in India

 

Ø  NPAs grew faster than bank credit during 2011-15: RBI

Ø  Infosys to announce Q2 results on 12 October

Ø  Sebi asks MFs to explain corporate bond investments

Ø  IDFC Alternatives to buy operational road projects

Ø  Finance ministry falls short on promised contribution to EPS

Ø  India acquiring energy assets through the oil price roller coaster

Financial Express

 

Financial Chronicle

Ø  Sensex ends 151 pts down on caution ahead of US Fed meet, Nifty settles at 7,829

Ø  Expecting quick reforms in India unrealistic: US official

Ø  Reliance Jio launches unlimited free wi-fi at select places in Mumbai

Ø  Govt cuts import tariff on gold, silver

Ø  India home to 1.98 lakh millionaires; 11th largest globally

 

Ø  Govt looks to settle `3L cr combined discom debts

Ø  Vedanta-Cairn India merger gets go ahead from bourses

Ø  ING merger will boost Kotak Life’s bancassurance business

Ø  IOC to invest Rs 1.75 trillion over 7 years

Ø  TAM acquires Thai electronics brand Abaz World

Ø  FIs allowed to invest through partly paid share

Market Update

 
Market Update:
Sgx Nifty +83 pts
Dow +228.89pts ,Nsdq +54.76 pts , S&P‎+25.06 pts ,Bovespa +88 pts, Ftse +53 pts , Dax +56 pts, Cac +51 pts, Nikkei  +139 pts , now, Crude @ $45.01brl (+0.42), Brent @ $46.63 (+0.26) , Gold @ $1104.40 (+1.80), Silver @ $14.37(+0.04), Euro @ $1.1278, JPY @ $120.3100, INR @ $66.3638
 ‎

Market Update

Market Update:‎
Sgx Nifty +55 pts
Dow +103 pts ,Nsdq +39.72  pts , S&P +10.25 pts ,Bovespa -153  pts, Ftse -37 pts , Dax -92 pts, Cac -68 pts, Nikkei  -9 pts , now, Crude @ $44.82brl (-0.20), Brent @ $48.23 (+0.08) , Gold @ $1104.60 (+1.30), Silver @ $14.6
51(+0.05), Euro @ $1.1344, JPY @ $120.7100, INR @ $66.5412
 ‎

11-Aug: Prov Cash: Rs.crs

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

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

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

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

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

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

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

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.

BUY NSEPUT NIFTY AUG

BUY NSEPUT NIFTY AUG 8400 @ 53-56 SL 47 TRG 75