DAILY REPORT 22

nd SEPTEMBER 2016

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance European shares hit a one-week high on Wednesday before the outcome of a Fed meeting, with banks rallying after a policy overhaul at the Bank of Japan lifted risky assets glob-ally. The U.S. Fed is expected to keep rates unchanged after a two-day policy meeting amid tepid inflation and weak economic data, but could signal an increased likelihood of a hike by the end of the year. The pan-European STOXX 600 index closed 0.4 percent firmer after rising to 344.90 points earlier in the session, its highest level since Sept. 9, helped by stronger financials. The European banking index rose 2%, the best one-day percentage gain in a month. Spain's Banco Popular jumped 9.1 percent after saying it would cut around 300 bank branches as part of a restructuring plan. Wall Street racked up gains on Wednesday after the US Fed kept interest rates unchanged, for now leaving intact the low-rate environment that has helped underpin the bull market. The Nasdaq closed at a record high. The central bank strongly signaled it could still tighten monetary policy by the end of this year as the labour market improved fur-ther. Earlier on Wednesday, global markets reacted to the BoJ's abrupt shift to targeting interest rates on government bonds to achieve its elusive inflation target. Asian shares look set to rise for a sixth straight session on Thursday after the Federal Reserve left US rates unchanged and plotted a lower trajectory for future hikes, slugging the dollar and boosting commodity prices. Traders expected stocks to at least match the 1.1 percent gain enjoyed by the S&P 500. MSCI's broadest index of Asia-Pacific shares out-side Japan was seen testing its recent one-year peak. Previous day Roundup The market closed range-bound session on a flat note as investors remained cautious ahead of outcome of the Fed-eral Reserve meeting. The Sensex jumped 166 points intra-day and the Nifty climbed over 8800 level after the BoJ ac-tion but wiped out those gains in late trade. The Sensex was down 15.78 points at 28507.42 and the Nifty rose 1.25 points to 8777.15. The Fed rate hike hopes already dimin-ished after recent data points. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 107.15 pts], Capital Goods [down 21.15pts], PSU [down 22.42pts], FMCG [down 51.25pts], Realty [up 1.52 ], Power [down 4.48pts], Auto [up 56.24 pts], Healthcare [down 16.79 pts], IT [up 30.12pts ], Metals [up 51.34pts], TECK [up 21.41pts], Oil& Gas [down 8.45 pts].

World Indices

Index Value % Change

DJI 18211.00 -0.04

S&P500 2154.75 -0.07

NASDAQ 5295.18 +1.03

FTSE100 6828.00 +0.36

NIKKEI 16490.00 -1.43

HANG SENG 24032.11 +1.53

Top Gainers

Company CMP Change % Chg

INFRATEL 372.50 16.55 4.65

EICHERMOT 24,198.00 770.20 3.29

HINDALCO 149.25 3.65 2.51

HINDUNILVR 913.95 11.05 1.22

YESBANK 1,220.00 12.95 1.07

Top Losers

Company CMP Change % Chg

BANKBARODA 163.90 -2.80 -1.68

POWERGRID 175.45 -2.65 -1.49

AMBUJACEM 263.90 -3.30 -1.24

SBIN 251.50 -2.95 -1.16

ITC 254.05 -2.90 -1.13

Stocks at 52 Week’s HIGH

Symbol Prev. Close Change %Chg

ACCELYA 1,439.00 49.30 3.55

ADVENZYMES 1,679.85 38.60 2.35

AEGISCHEM 169.70 3.55 2.14

ASAL 67.50 7.40 12.31

ASIANTILES 275.40 5.15 1.91

BAJAJFINSV 3,169.50 73.30 2.37

BHARATRAS 1,840.00 80.35 4.57

Indian Indices

Company CMP Change % Chg

NIFTY 8777.15 +1.25 +0.01

SENSEX 28507.42 -15.78 -0.06

Stocks at 52 Week’s LOW

Symbol Prev. Close Change %Chg

ASTRAZEN 970.00 7.80 0.81

BILENERGY 0.75 0.00 0.00

BIRLACOT 0.05 0.00 0.00

DAILY REPORT 22

nd SEPTEMBER 2016

YOUR MINTVISORY Call us at +91-731-6642300

STOCK RECOMMENDATION [CASH]

EDELWEISS FINANCIAL [CASH]

Edelweiss financial is trading in bullish channel and today trading session the stock has given breakout of rounding bottom pattern and closed with bullish candlestick on daily chart the stock is trading above important moving averages ,increased volume and RSI is a indicating a good upside move, we advise ypu to buy abve 122.50 for the target of 125-126.50 with SL of 120.

MACRO NEWS

BOJ sets long-term rate target in major policy overhaul

Cabinet approves enactment of Admiralty Bill

Vadodara aims to become manufacturing hub

Cabinet approves merging of Rail budget with Union Budget

With Rail Budget scrapped, Union Budget date to be ad-vanced in FY17

Nagaland gets Rs 340 crore for road projects

Domestic steel demand seen 5.3% up at 85.8 mn tonne in FY17

Cabinet clears Rs 1,250-cr subsidy for BSNL for rural phones

Adani Ports gains 2% on acquisition of Australian port O&M company

TeamLease up 4% on acquisition of Bangalore-based IT staffing co

Indoco up 6% on acquisition of Micro Labs' manufactur-ing plant

India's digital classifieds market to hit $1.2 bn by 2020: Google-KPMG

Adani Group dedicates 648 MW solar plant in Tamil Nadu to the country

Pepperfry.com raises Rs 210 cr from current investors

Bajaj Elec takes part in Asia Road Show at Hong Kong S’pore

CAD narrows to USD 300mn in Q1 on massive import contraction

ICICI Prudential Life's Rs 6057-crore IPO oversubscribed 10.5 times

STOCK RECOMMENDATIONS [FUTURE]

1.WIPRO [FUTURE]

Last trading session WIPRO future shown positive strength in all IT stocks and closed near major resistance level with bull-ish candlestick on daily chart. So if stock cross last day high may be we can see sharp rally and last session stock open gape up and traded narrow range but move more upside in second half of market and since last session it rose with ris-ing OI in long side.We may see sharp rise for that it will be good to buy above 485 for the target of 489-495 with SL of 480.

2.PNB [FUTURE]

PNB Future in last trading session shown some pressure and stock ended with a bearish candlestick on daily chart, last session stock open with bullish candle and traded narrow range but move downside in second half of market and since last session it rose with rising OI in shor side, and break sup-port level. So we advise you to sell below 135.80 for the tar-gets of 134.50-133 with strict stop loss of 137.

DAILY REPORT 22

nd SEPTEMBER 2016

YOUR MINTVISORY Call us at +91-731-6642300

FUTURES & OPTIONS

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 8,900 37.90 2,32,016 57,65,550

NIFTY CE 8,800 81.90 2,03,817 47,80,275

NIFTY CE 9,000 14.60 1,84,067 63,23,250

MARUTI CE 5,600 47.85 3,575 2,05,050

YESBANK CE 1,240 17.30 3,397 8,24,600

RELIANCE CE 1,100 6.70 3,298 20,52,000

ICICIBANK CE 280 2.50 2,745 70,82,500

RELIANCE CE 1,080 12.55 2,709 7,13,500

MOST ACTIVE PUT OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 8,800 76.95 2,31,490 46,81,125

NIFTY PE 8,700 43.00 1,94,849 53,56,425

NIFTY PE 8,600 23.10 1,54,285 63,43,875

MARUTI PE 5,500 71.00 2,597 1,44,900

YESBANK PE 1,200 17.00 2,574 7,30,100

ICICIBANK PE 260 2.45 1,841 38,92,500

ICICIBANK PE 270 5.85 1,681 26,27,500

MARUTI PE 5,400 39.40 1,666 1,40,400

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 30230 2073.99 23870 1630.31 477256 32105.96 443.6823

INDEX OPTIONS 582328 41259.08 585086 41626.56 1364745 92131.94 -367.4733

STOCK FUTURES 80188 5613.74 87134 6116.03 941009 62662.05 -502.2871

STOCK OPTIONS 57340 4084.89 59180 4200.55 126442 8751.50 -115.6575

TOTAL -541.73

STOCKS IN NEWS

HCL set to move from data centres to Cloud

Essel Propack acquires 75.1% stake in German venture

Lypsa Gems and Jewellery to raise Rs 17 cr for retail foray

GAIL gets Cabinet nod for dev of gas infra in eastern region

IOC,GAIL to take 49% stake in Adani Group's Dhamra LNG project

HPL Electric's Rs 361 crore IPO to open tomorrow

NIFTY FUTURE

NIFTY in yesterday trading session remained range bound to bearish and closed with a doji candlestick. Yes-terday’s Fed decision to keep the rates unchanged will affect the market today. The index is taking good sup-port and making doji candlesticks consistently, which is showing Nifty may take a big move. But 8880 is a good resistance level. So we advise you to sell it on rise from around 8880 for the targets of 8800 and 8700 with strict stop loss of 9000

INDICES R2 R1 PIVOT S1 S2

NIFTY 8856.50 8816.80 8747.30 8717.50 8677.80

BANKNIFTY 20026.00 19927.00 19838.00 19739.00 19650.00

DAILY REPORT 22

nd SEPTEMBER 2016

YOUR MINTVISORY Call us at +91-731-6642300

COMMODITY ROUNDUP The refined copper balance for the first half of 2016, includ-ing revisions to data previously presented, indicates a pro-duction deficit of around 306,000 tonnes (and a seasonally adjusted deficit of about 227000 tonnes). This compares with a production deficit of around 54,000 t (a seasonally adjusted surplus of about 27000 tonnes) for the same pe-riod of 2015. World mine production is estimated to have increased by around 4.5% or 430000 tonnes to 9.82 million tonnes in the first half of 2016 compared with production in the same period of 2015. Concentrate production increased by 6% while solvent ex-traction-electrowinning (SX-EW) declined by 1%. The in-crease in world mine production was mainly due to a 50% rise in Peruvian output that is benefitting from new and ex-panded capacity brought on stream in the last two years. Indian Copper prices were trading in red unable to breach the resistances of Rs 325 per kg. The prices were last seen at Rs 322.70 per kg, down 0.51%. The prices tested a high of Rs 324.40 per kg and a low of Rs 322.40 per kg. COMEX Gold rose along with equities today as good buying emerged in the commodity on ideas that the global central banks would keep liquidity well afloat in global markets. The Bank of Japan (BOJ) said today that it would start targeting 10-year interest rates, committing to keep th em around zero as part of a new policy framework aimed at stoking inflation. The BOJ also said it would continue quantitative easing until inflation “exceeds” 2%, effectively strengthen-ing its commitment to continue aggressive easing. The BOJ left its deposit rate unchanged at minus 0.1%. This indicates yet another effort in shoring up the easy money and now traders are thinking of a status quo from US Fed as it meets to wrap up its two day monetary policy meeting today. COMEX Gold is quoting at $1332 per ounce, up 1.10% on the day. MCX Gold futures are trading at Rs 31220 per 10 grams, up 1% on the day. MCX Silver has also shot up by 2% to trade above Rs 47000 per kg levels. According to the United States Geological Survey, in June this year United States produced 3.78 million tons of iron ore, increased 3.3% month on month, down 31.7% year on year. United States iron ore export was 4.54 million tons, down by 3.6% month on month, an increase of 3.2% year on year. The first half of this year, United States iron ore pro-duction totaled 19.2 million tons, down 17.9% year on year, while iron ore exports reached 19.7 million tons, down 1.2% year on year.

RECOMMENDATIONS

GOLD

TRADING STRATEGY:

BUY GOLD ABOVE 31300 TGT 31400 31600 SL 31200

SELL GOLD BELOW 30900 TGT 30800 30600 SL 31000

SILVER

TRADING STRATEGY:

BUY SILVER ABOVE 47400 TGT 47600 48200 SL 47200

SELL SILVER BELOW 46500 TGT 46300 457700 SL 46700

MCX

DAILY REPORT 22

nd SEPTEMBER 2016

YOUR MINTVISORY Call us at +91-731-6642300

NCDEX

NCDEX INDICES

Index Value % Change

BARLEY 1594 -0.62

CORIANDER 7520 -1.42

COTTON SEED 2022 0.10

GUAR SEED 3720 -0.77

JEERA 17335 -1.25

MUSTARDSEED 4705 -0.36

REF SOYA OIL 664.7 -0.17

SUGAR M GRADE 3510 -2.01

TURMERIC 6856 -0.81

WHEAT 1737 -0.06

RECOMMENDATIONS

DHANIYA

BUY CORIANDER OCT ABOVE 7610 TARGET 7655 7755 SL

BELOW 7545

SELL CORIANDER OCT BELOW 7520 TARGET 7475 7375 SL

ABOVE 7585

GUARGUM

BUY GUARGUM OCT ABOVE 7330 TARGET 7380 7450 SL BELOW 7270

SELL GUARGUM OCT BELOW 7210 TARGET 7160 7090 SL ABOVE 7270

Indian importers has bought around 76,000 tonnes of Ukrainian-origin wheat in the 2 weeks on the account of weak domestic supplies. The official data stated that im-ported has already contracted around 51,000 tonnes for September shipment and another of 25,000 tonnes t for October shipment. India has already purchased 6 lakh ton-nes of wheat so far in 2016 despite of rise in 25 percent tax on wheat imports by government.

The National Commodity & Derivatives Exchange (NCDEX) has said on Tuesday that 12 per cent ofcoriander stock failed to pass the test in an independent audit commis-sioned by the exchange. Stored in NCDEX accredited ware-houses in Ramganj Mandi and Kota, these storages are managed by National Bulk Handling Corporation (NBHC). The exchanges clarified that participants taking delivery of coriander on the exchange platform can utilize the remat assaying facility of the platform to verify the quality goods received in delivery. Any variance of quality from that speci-fied by the Exchange is fully compensated, it added. Mean-while, NCDEX has taken cognizance of the findings and has instructed NBHC to immediately remove the defective stocks from the approved warehouses.

Philippines, is the world's largest nickel producer, planned to close more mines due to environmental protection is-sues. The government has to shut down at least ten addi-tional mining. Earlier Philippines has suspended ten mines operation, including eight nickel mines. Currently, there are still 30 mines in operation, but Mr. ReginaLopez as Minis-ters of Environment and Natural Resources said recently after the release of field verification results may be more mines will need to be closed.

DAILY REPORT 22

nd SEPTEMBER 2016

YOUR MINTVISORY Call us at +91-731-6642300

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 67.063 Yen-100 65.490

Euro 74.649 GBP 87.007

CURRENCY

USD/INR

BUY USD/INR SEP ABOVE 67.15 TARGET 67.27 67.42 SL BE-

LOW 66.97

SELL USD/INR SEP BELOW 67.05 TARGET 66.93 66.78 SL

ABOVE 67.25

EUR/INR

BUY EUR/INR SEP ABOVE 74.91 TARGET 75.03 75.23 SL BE-

LOW 74.73

SELL EUR/INR SEP BELOW 74.74 TARGET 74.62 74.42 SL

ABOVE 74.94

CURRENCY MARKET UPDATES:

The rupee dropped from initial gains and was trading down

by 9 paise at 67.10 against the American unit in late morn-

ing deals on sustained bouts of dollar demand from im-

porters and banks despite higher domestic equities. The

rupee opened a tad higher at 67 as against yesterday's

closing of 67.01 per dollar at the Inter-bank Forex market.

It gained further to 66.98 on bouts of dollar selling from

banks before quoting at 67.10 at 1030 hrs. The domestic

unit hovered in a range of 67.1450 to 66.98 in the morning

deals. Meanwhile, the dollar index was up 0.29% at 96.29

against a basket of six currencies in early trade. Overseas,

the US dollar trading in narrow range against the basket

currencies in early Asian trade, penned in by uncertainty

about the outcome of Bank of Japan and Fed policy meet-

ings later in the session.

Indian rupee ended at 67.02 level against the US dollar at

the Interbank forex market on Wednesday as fresh de-

mand for American currency rose among importers and

bankers amid policy outcome from US Federal Reserve.

The local unit had closed at 67.01 level on Tuesday, down 5

paise against the US dollar. Investors remained cautious

ahead of policy decision of US Federal Reserve which is

widely expected that Fed will leave interest rates un-

changed for ninth-straight month. The local currency

traded weak after BoJ announced new monetary policy

measures and said that it would expand its monetary base

until inflation becomes stable above 2 per cent.

The currency touched a high and low of 67.15 and 66.98

respectively. The reference rates are based on 12 noon

rates of a few select banks in Mumbai. The FIIs as per

Wednesday’s data were net buyers in equity and debt seg-

ments both, according to data released by the NSDL. In

equity segment, the gross buying was of Rs 4551.11 crore

against gross sell of Rs 3445.40 crore. Thus, FIIs stood as

net buyers of Rs 1105.71 crore in equities. In the debt seg-

ment, the gross purchase was of Rs 1280.64 crore with

gross sales of Rs 1214.76 crore. Thus, FIIs stood as net buy-

ers of Rs 65.88 crore in debt.

DAILY REPORT 22

nd SEPTEMBER 2016

YOUR MINTVISORY Call us at +91-731-6642300

Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

21/09/16 NCDEX DHANIYA OCT. BUY 7770 7815-7915 7705 NOT EXECUTED

21/09/16 NCDEX DHANIYA OCT. SELL 7630 7585-7485 7695 ALL TARGET

21/09/16 NCDEX GUARGUM OCT. BUY 7300 7350-7420 7240 NO PROFIT NO LOSS

21/09/16 NCDEX GUARGUM OCT. SELL 7240 7190-7120 7300 ALL TARGET

21/09/16 MCX GOLD OCT BUY 31000 31100-31300 30900 1ST TARGET

21/09/16 MCX GOLD OCT. SELL 30800 30700-30500 30900 NOT EXECUTED

21/09/16 MCX SILVER DEC. BUY 46150 46350-47050 45950 ALL TARGET

21/09/16 MCX SILVER DEC. SELL 45800 45600-4500 4600 NOT EXECUTED

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

21/09/16 NIFTY FUTURE SELL 8770 8710 8870 NOT EXECUTED

21/09/16 HINDUNILVR FUTURE SELL 908-910 900-890 920 OPEN

21/09/16 YESBANK FUTURE BUY 1217 1225-1240 1205 ALL TARGET

21/09/16 KWALITY CASH BUY 123-123.50 125-128 120 ALL TARGET

DAILY REPORT 22

nd SEPTEMBER 2016

YOUR MINTVISORY Call us at +91-731-6642300

NEXT WEEK'S U.S. ECONOMIC REPORTS

ECONOMIC CALENDAR

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TIME REPORT PERIOD ACTUAL CONSENSUS

FORECAST PREVIOUS

MONDAY, SEPT. 19

10 AM HOME BUILDERS' INDEX SEPT. 60

TUESDAY, SEPT. 20

8:30 AM HOUSING STARTS AUG. 1.211MLN

8:30 AM BUILDING PERMITS AUG. -- 1.144MLN

WEDNESDAY, SEPT. 21

2 PM FED ANNOUNCEMENT

2:30 PM JANET YELLEN PRESS CONFERENCE

THURSDAY, SEPT. 22

8:30 AM WEEKLY JOBLESS CLAIMS 9/17 N/A N/A

8:30 AM CHICAGO FED NATIONAL ACTIVITY IN-

DEX AUG. 0.27

10 AM EXISTING HOME SALES AUG. 5.39 MLN

10 AM LEADING INDICATORS AUG. 0.4%

FRIDAY, SEPT. 23

9:45 AM MARKIT PMI (FLASH SEPT. 52.0