DAILY REPORT 12

th SEPTEMBER 2016

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance

US stocks dropped on Friday, giving the S&P 500 its worst

day since June as investor nervousness increased following

a nuclear test by North Korea and Federal Reserve officials'

comments lifted rate hike bets. The CBOE Volatility index

closed at its highest level since late June, while the S&P 500

index closed below its 50-day moving average for the first

time also in about two months, a sign that further weak-

ness may be ahead. Traditionally, September tends to be a

month of lower returns for stocks, and traders said this

year could be no exception given the abundance of uncer-

tainties including the rate outlook and November's US elec-

tion.

The Dow Jones industrial average was down 394.46 points,

or 2.13 percent, to 18,085.45, while the S&P 500 lost 53.49

points, or 2.45 percent, to 2,127.81 .Japan's Nikkei was flat

in choppy trade on Friday as investors continued to look for

clues to when U.S. interest rate will be increased and whe-

hter the Bank of Japan will add to its aggressive monetary

stimulus. The Nikkei ended nearly flat at 16,965.76, and it

was down 0.2 percent for the week. Japanese stocks have

been trading in a tight range in recent weeks as investors

try to assess the outlook for U.S. interest rates and the

Bank of Japan's monetary policy. Both the Federal Reserve

and BoJ hold policy meetings on Sept. 20-21. Although

there were fresh catalysts on Friday, investors were nerv-

ous over heightened tensions on the Korean Peninsula af-

ter North Korea conducted its fifth nuclear test.

Previous day Roundup

Metal, auto sector stocks and index heavyweights ITC and

HDFC led losses for key benchmark indices. The barometer

index, the S&P BSE Sensex, lost 248.03 points or 0.85% to

settle at 28,797.25. The decline in the Nifty 50 index was

higher than the Sensex's fall in percentage terms. The Nifty

fell 85.80 points or 0.96% to settle at 8,866.70. The Sensex

settled below the psychologically important 29,000 level

after falling below that level in early trade.

Index stats

The Market was very volatile in last session. The sartorial

indices performed as follow; Consumer Durables [down

154.27 pts], Capital Goods [down 146.55 pts], PSU [down

4.07 pts], FMCG [down 158.93 Pts], Realty [up 5.53 pts],

Power [down 12.69 pts], Auto [down343.41 pts],Healthcare

[down 132.93 pts], IT [ up 42.18pts], Metals [down 181.89

pts], TECK [up 5.53 pts], Oil& Gas [up 102.45pts].

World Indices

Index Value % Change

DJI 18440.00 -0.51

S&P500 2172.00 -13.50

NASDAQ 5125.91 -133.57

FTSE100 6776.95 -1.21

NIKKEI 16965.76 +0.04

HANG SENG 24099.70 +0.75

Top Gainers

Company CMP Change % Chg

ONGC 255.00 8.70 3.53

GAIL 394.95 6.20 1.59

TCS 2,352.00 29.90 1.29

WIPRO 480.00 6.05 1.28

RELIANCE 1,041.50 8.10 0.78

Top Losers

Company CMP Change % Chg

HINDALCO 155.20 -6.75 -4.17

YESBANK 1,275.50 -52.75 -3.97

ULTRACEMCO 3,975.00 -140.35 -3.41

AXISBANK 613.55 -15.80 -2.51

HEROMOTOCO 3,615.00 -88.75 -2.40

Stocks at 52 Week’s HIGH

Symbol Prev. Close Change %Chg

ALKEM 1,592.55 -43.35 -2.65

APOLLOTYRE 213.25 5.50 2.65

APOLSINHOT 307.40 0.90 0.29

APTECHT 177.55 2.10 1.20

ASIANTILES 249.50 2.80 1.13

AUTOIND 60.30 10.05 20.00

BAJAJFINSV 3,023.05 -106.35 -3.40

Indian Indices

Company CMP Change % Chg

NIFTY 8866.70 -85..80 -0.96

SENSEX 28797.25 -248.03 -0.85

Stocks at 52 Week’s LOW

Symbol Prev. Close Change %Chg

BIRLACOT 0.10 0.00 0.00

FEL 16.60 0.05 0.30

KRIDHANINF 69.80 0.45 0.65

DAILY REPORT 12

th SEPTEMBER 2016

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STOCK RECOMMENDATION [CASH] BODAL CHEMICALS [CASH]

Bodal chemicals is trading near lifetime high of the stock and the stock shown good upside move last trading ses-sion closed with bullish candlestick on daily chart. Also the stock has given breakout to double bottom pattern on four hourly chart and the stock close above breakout level is confirmation of breakout, so stock is good to buy above 114 for the targets 116.50-119 with sl below 112. MACRO NEWS IIP and CPI numbers will be announced today after 5:30. Economic toll of air pollution may have cost India 8.5 %

of GDP: World Bank Report BSE files IPO papers with Sebi, may raise Rs 1,200-1,300

cr L&T Technology IPO opens 12th september ICICI Pru Life IPO to open on Sep 19, price band at Rs 300

-334/sh Govt aims to reduce hydrocarbon imports by 10% by

2022 Indian e-commerce market could reach $28 bn by

FY2020 Dwarka Express Highway project to begin by December

2016 Tata, ICICI Venture partner to launch power platform Redington to sell iPhone 7 and iPhone 7 Plus in India Britannia moves Delhi HC bench against curb on sale of

NutriChoice Zero Vedanta shareholders, creditors approve Cairn India

merger JSW Steel's production up 27% to 1.35 MT in August Jaiprakash Associates Q1 net loss widens to Rs 603 cr HPCL aims for refining capacity of 60 million tonnes by

2030 HPCL shuts Mumbai refinery unit, imports gasoline Hindustan Composites soars 16% on robust Q1 earnings Adani Enterprises in focus - Farmers support Chattisgarh

Mine expansion HPCL wants ONGC to cut stake in MRPL

STOCK RECOMMENDATIONS [FUTURE]

1.TATASTEEL [FUTURE]

Last session TATASTEEL future has shown some pressure at higher level , last week stock made a new 52 week high but not stayed above this level and ended with bearish candle-stick on daily chart. And last trading session stock down around 2% and it rose with rising OI , we expect the addition of short positions to eventually lead to good downsides in the stock. So we advise you to sell TATASTEEL future around 400-402 for the target of 395-385 with SL of 408.

2.INDUSINDBK [FUTURE]

Last session INDUSINDBK future has shown good strength

whole day and last week stock maintain level 1200 and closed with bullish candlestick on daily chart , the stock made a new high and open interest in IndusInd Bank has increased 15% since the last series,we expect the addition of long positions to eventually lead to good upsides in the stock in long side, we may see sharp rise for that it will be good to buy around 1210-1212 for the target of 1220-1230 with SL of 1199.

DAILY REPORT 12

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 9,000 52.50 2,51,567 66,32,700

NIFTY CE 8,900 97.70 1,67,581 36,03,975

NIFTY CE 9,100 24.00 1,51,495 40,12,275

YESBANK CE 1,300 31.80 6,662 6,97,900

YESBANK CE 1,400 8.70 4,794 11,55,000

YESBANK CE 1,340 18.10 4,626 7,28,700

YESBANK CE 1,360 14.30 4,272 10,70,300

YESBANK CE 1,060 14.05 4,141 8,58,500

MOST ACTIVE PUT OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 8,900 94.80 2,04,093 34,71,825

NIFTY PE 8,800 57.20 1,83,437 44,10,450

NIFTY PE 8,700 34.20 1,55,071 55,00,125

YESBANK PE 1,300 47.05 3,890 4,94,900

YESBANK PE 1,200 12.05 3,293 3,56,300

RELIANCE PE 1,040 16.15 2,988 4,68,500

YESBANK PE 1,260 29.40 2,729 4,87,900

YESBNK PE 1,240 22.60 2,672 2,66,700

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 28572 2034.07 34694 2406.22 456248 31091.54 -372.1473

INDEX OPTIONS 594241 43293.72 579763 42329.74 1192999 81599.21 963.9836

STOCK FUTURES 102588 7397.32 124794 9040.56 891513 60498.46 -1643.249

STOCK OPTIONS 89348 6550.60 89625 6555.21 108323 7664.75 -4.6077

TOTAL -264.00

STOCKS IN NEWS Manali Petrochemicals to invest additional up to $15

mn in AMCHEM JSW Steel’s crude steel production rises 27% in August

2016 Unitech to raise funds to speed up housing projects Path lab chain Metropolis plans acquisitions in India,

abroad Kaya acquires beneficial interest in 2 UAE skincare

firms ITC expects food business to touch Rs 10,000 cr mark

in 18-24 months Tata Motors launches mini-truck SuperAce in Vietnam

NIFTY FUTURE

Nifty in last trading session remained down and closed with further bearish indications. The economic indicators like; RSI is also negative and technically the index has reversed from the channel line resistance and from here it seems to be down till 8550, so we advise you to sell Nifty below 8850 for the targets of 8750 and 8600 with strict stop loss of 9000

INDICES R2 R1 PIVOT S1 S2

NIFTY 8968.50 8917.60 8888.10 8837.20 8807.70

BANKNIFTY 20454.00 20349.00 20244.00 20139.00 20034.00

DAILY REPORT 12

th SEPTEMBER 2016

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COMMODITY ROUNDUP

Gold is wavering in a tight range today after a sharp decline from three week highs yesterday. Safe haven buying picked up in Asian trades after North Korea s successfully carried out its fifth nuclear test, in continued defiance of UN resolu-tions. This pulled equities lower while Gold largely benefited at the same time. COMEX Gold is quoting at $1340 per ounce, down nominally on the day. MCX Gold futures are trading just under Rs 31200 per 10 grams, barely changed on the day. Gold dropped yesterday as US dollar recovered following recent ECB action. Eurozone interest rates are set to remain at a lower level for sometime and currently there was no need to extend the March 2017 deadline for asset purchases as the policy measures pursued thus far have been effective.

Silver futures were trading lower during the afternoon trade in the domestic market on Friday as investors and specula-tors cut short their bets in the precious metal on prospects of further monetary easing in Japan and Europe and the likelihood of a US Fed interest rate hike this year.

The ECB downplayed the prospect of a boost in asset pur-chases even in the wake of heightened uncertainty sur-rounding the Euro area economy which could be severely hit by Britain’s exit from the EU. The Frankfurt-based central bank on Thursday refrained from expanding its QE program while leaving key interest rates unchanged.

Indian Copper was trading at Rs 313.9 per kg, down 0.03%. The prices tested a high of Rs 314.60 per kg, and a low of Rs 312 per kg. China imports of Copper declined by 2.8% to 350000 tonnes in August 2016. This is the lowest level of Copper imports in a year by China. The demand has been slower due to seasonal lull. Meanwhile, China is also focus-ing in producing its own Copper rather than imports from other parts of the world. The imports from July were 360000 tonnes but were in line with monthly imports seen across June, July & August last year. China's copper core and concentrate imports, in contrast, have jumped 34.6% for the first eight months of the year to 10.86 million tonnes

Zinc futures fell during noon trade in the domestic market on Friday as investors and speculators exit positions in the industrial metal amid soft physical demand for zinc in the domestic spot market. Further a cutback in Euro area eco-nomic growth forecast darkened the demand outlook for metals. The ECB cut its 2017 growth forecast for the Euro area economy to 1.6 per cent from 1.7 per cent earlier even as it refrained from fresh stimulus.

RECOMMENDATIONS

GOLD

TRADING STRATEGY:

BUY GOLD ABOVE 31400 TGT 31500 31700 SL 31300

SELL GOLD BELOW 31130 TGT 31030 30730 SL 31330

SILVER

TRADING STRATEGY:

BUY SILVER ABOVE 46660 TGT 46860 47460 SL 46460

SELL SILVER BELOW 46100 TGT 45900 45300 SL 46300

MCX

DAILY REPORT 12

th SEPTEMBER 2016

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NCDEX

NCDEX INDICES

Index Value % Change

BARLEY 1522.50 +0.63

CORIANDER 7983 -2.62

COTTON SEED 2680 +0.87

GUAR SEED 3546 +1.14

JEERA 17425 -1.58

MUSTARDSEED 4602 -0.84

REF SOYA OIL 650.65 -0.21

SUGAR M GRADE 3548 -0.20

TURMERIC 6700 -0.80

WHEAT 1727 -0.69

RECOMMENDATIONS

DHANIYA

BUY CORIANDER OCT ABOVE 7950 TARGET 7995 8095 SL

BELOW 7885

SELL CORIANDER OCT BELOW 7765 TARGET 7720 7620 SL

ABOVE 7830

GUARGUM

BUY GUARGUM OCT ABOVE 6580 TARGET 6630 6700 SL BELOW 6520

SELL GUARGUM OCT BELOW 6500 TARGET 6450 6380 SL ABOVE 6560

Selling intensified in turmeric market on the account of strong production estimates coupled with hefty carryover stocks in local mandies. The market sources stated that to-tal production in the current year is estimated at 90 lakh bags against 60 lakh bags of the last year due to strong pro-duction in Maharashtra and Andhra Pradesh. The total pro-duction in Maharashtra and Andhra Pradesh is estimated at 27-28 lakh bags respectively. Moreover, heavy stocks of 30 lakh bags in local mandies against 20 lakh bags of the last year in the same period have also added selling pressure in turmeric market. The NCDEX October futures declined by 1.45 percent to close Rs 6832 per quintal today.

Cardamom futures rose by more than 1 per cent during noon trade in the domestic market on Friday as investors and speculators booked fresh positions in the agri-commodity amid a pickup in physical demand for carda-mom in the domestic spot market. Further restricted sup-plies amid lower physical arrivals from the major cardamom producing belts in the country also exerted upward pres-sure on domestic cardamom prices. At the MCX cardamom futures for September 2016 contract is trading at Rs 1164 per kg up by 1.18 per cent after opening at Rs 1164 against a previous close of Rs 1150.4. It touched the intra-day high of Rs 1164

The total sown area as on 09th September, 2016 as per re-ports received from States, stands at 1054.49 lakh hectare as compared to 1012.35 lakh hectare at this time last year, recording a rise of about 4%. It is reported that rice has been sown/transplanted in 380.28 lakh ha, pulses in 143.95 lakh ha, coarse cereals in 187.86 lakh ha, oilseeds in 186.95 lakh ha, sugarcane in 45.77lakh hectare and cotton in 102.13 lakh ha

DAILY REPORT 12

th SEPTEMBER 2016

YOUR MINTVISORY Call us at +91-731-6642300

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 66.546 Yen-100 65.130

Euro 75.024 GBP 88.586

CURRENCY

USD/INR

BUY USD/INR SEP ABOVE 66.9 TARGET 67.03 67.18 SL BE-

LOW 66.7

SELL USD/INR SEP BELOW 66.82 TARGET 66.69 66.54 SL

ABOVE 67.02

EUR/INR

BUY EUR/INR SEP ABOVE 75.43 TARGET 75.58 75.78 SL BE-

LOW 75.23

SELL EUR/INR SEP BELOW 75.35 TARGET 75.2 75 SL ABOVE

75.55

CURRENCY MARKET UPDATES:

Indian rupee declined for the second consecutive day

and closed on a negative note against the US dollar on

Friday as demand for demand rose among importers

and banks amid lower domestic equity markets. The lo-

cal currency closed 26 paise down at 66.68 level against

the US dollar at the Interbank Foreign Exchange (forex)

market against the closing of 66.42 on Thursday.It has

been a volatile week for the Rupee. What started as a

strong week after a soft non-farm payroll data contin-

ued post soft ISM numbers and Rupee touched a 4-

month high of 66.32 levels on spot.

The currency touched a high and low of 66.75 and 66.52

respectively. The rupee’s movement through out the

day remained weak as dollar gained against some other

global currencies. In the overseas market, dollar rose

against the yen after North Korea’s latest nuclear test

pulled cash into the perceived safety of the Japanese

currency, at the end of a week that has provided little

clear direction for currency investors returning from US

and European summer breaks.

The Reserve Bank of India’s (RBI) reference rate for the

dollar stood at 66.55 and for Euro stood at 75.02 on Sep-

tember 9, 2016. While the RBI’s reference rate for the

Yen stood at 65.13, the reference rate for the Great Brit-

ain Pound (GBP) stood at 88.59.The reference rates are

based on 12 noon rates of a few select banks in Mum-

bai. Eurozone interest rates are set to remain at a lower

level for sometime and currently there was no need to

extend the March 2017 deadline for asset purchases as

the policy measures pursued thus far have been effec-

tive, European Central Bank President Mario Draghi said

Thursday, even as the bank trimmed the growth and

inflation forecasts for next year. The central bank left its

key interest rates unchanged for a fourth consecutive

session and retained its asset purchases yesterday.

DAILY REPORT 12

th SEPTEMBER 2016

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Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

9/09/16 NCDEX DHANIYA OCT. BUY 8044 8089-8189 7979 NOT EXECUTED

9/09/16 NCDEX DHANIYA OCT. SELL 7935 7890-7790 7979 ALL TARGET

9/09/16 NCDEX GUARGUM OCT. BUY 6450 6500-657 8000 ALL TARGET

9/09/16 NCDEX GUARGUM OCT. SELL 6390 6430-627 6450 NOT EXECUTED

9/09/16 MCX GOLD OCT BUY 31300 31400-31600 31200 NOT EXECUTED

9/09/16 MCX GOLD OCT. SELL 31150 31050-30850 31250 NO PROFIT NO LOSS

9/09/16 MCX SILVER SEPT. BUY 46980 47180-48780 46780 NOT EXECUTED

9/09/16 MCX SILVER SEPT. SELL 46600 46400-45800 46800 1ST TARGET

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

9/09/16 NIFTY FUTURE BUY 8900-8930 8980-9050 8790 NOT EXECUTED

9/09/16 BHARATFORGE FUTURE SELL 875 865-850 888 ALL TARGET

9/09/16 TVSMOTORS FUTURE BUY 344.50 349.50-355 340 NOT EXECUTED

9/09/16 SYNDICATEBANK CASH BUY 80.50 81.50-82.50 79.50 SL TRIGGERE D

DAILY REPORT 12

th SEPTEMBER 2016

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NEXT WEEK'S U.S. ECONOMIC REPORTS

ECONOMIC CALENDAR

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TIME REPORT PERIOD ACTUAL CONSENSUS

FORECAST PREVIOUS

MONDAY, SEPT. 12

NONE SCHEDULED

TUESDAY, SEPT. 13

6 AM NFIB SMALL-BUSINESS INDEX AUG. -- 94.6

10 AM REAL MEDIAN HOUSEHOLD INCOME 2015 -- $53,657

2 PM FEDERAL BUDGET AUG. -- -$64 BLN

WEDNESDAY, SEPT. 14

8:30 AM IMPORT PRICE INDEX AUG. -- 0.1%

THURSDAY, SEPT. 15

8:30 AM WEEKLY JOBLESS CLAIMS 9/10 265,000 259,000

8:30 AM RETAIL SALES AUG. -0.1% 0.0%

8:30 AM RETAIL SALES EX-AUTOS AUG. 0.2% -0.3%

8:30 AM PRODUCER PRICE INDEX AUG. 0.1% -0.4%

8:30 AM CURRENT ACCOUNT JULY -- -$125 BLN

8:30 AM PHILLY FED SEPT. 0.0 2.0

8:30 AM EMPIRE STATE INDEX SEPT. -1.0 -4.2

9:15 AM INDUSTRIAL PRODUCTION AUG. -0.2% 0.7%

9:15 AM CAPACITY UTILIZATION AUG. 75.7% 75.9%

10 AM BUSINESS INVENTORIES JULY -- 0.2%

FRIDAY, SEPT. 16

8:30 AM CONSUMER PRICE INDEX AUG. 0.1% 0.0%

8:30 AM CORE CPI AUG. 0.2% 0.1%

10 AM CONSUMER SENTIMENT SEPT. 91.0 89.8