OUR NEW WEBSITE IS COMING UP SOON. KEEP VISITING THIS PAGE FOR MORE UPDATES. ----- JOIN OUR WhatsApp BROADCAST LIST, GIVE MISSED CALL ON 08893534646

A Sebi Registered Company

Indian Market View is powered by Finaux Alpha 6 Services Private Limited (SEBI Registration Number INA100008416 )

Stock Market is uncertain and we are here to make it less riskier

Technical and Fundamental parameters are the key principles for making valuable decision fruitful.

Investing in financial instrument is now no more risky

Stop loss is a bliss for financial market.

Mutual Fund - Coming Soon

Destiny works occasionally but regular and long term Investment in mutual funds will shine your destiny on prolong basis.

Our research organization is purely based on trust benevolence ethics.

A believe is to gain your trust with having a clarity on the basis of reports and live updates submission.

Saturday, December 16, 2017

Join our WhatsApp Broadcast list and get FREE Levels, Updates, News in Equity, Commodity and Currency market.






Just WhatsApp your Name to

08826007979 or 07065144111







(Finaux Alpha 6 Services Pvt. Ltd is a SEBI Registered company)








Friday, December 15, 2017

Current levels of Bullion, Base Metal and Energy for the day 15th December 2017




Update on Bullion, Base Metal and Energy Levels 15th December 2017

Gold futures ended slightly lower on Thursday, as dollar strengthened in response to stronger than expected US retail sales data. Further the yellow metal dipped as hike in interest rates reduced the appeal of non-yielding bullion.

Crude oil futures made some recovery on Thursday supported by ongoing pipeline shutdown and shrugged off data forecasting a faster than expected rise in US shale oil production next year. The International Energy Agency (IEA) in its monthly oil market report, published on Thursday, revised upward its projection for US oil production. It raised US crude oil growth to 390,000 barrels per day (bpd) this year and 870,000 bpd for 2018. Non-OPEC output, led by the US, will rise by 630,000 bpd in 2017, followed by an increase of 1.6 million bpd during 2018.

Comex copper futures ended higher on Thursday. While London copper prices too hit a near two-week high on global growth hopes after upbeat manufacturing data from China, overlooking a stronger dollar and Beijing’s surprise interest rates hike. China’s industrial output expanded at a faster than expected pace in November as growth in the world’s top industrial metals consumer remains resilient, supported in part by a construction boom.


Technical Level

Gold




Support at 28200 and Hurdle at 28450

Break and sustain above 28450 will take it to 28650—28800++ mark else could touch its support level of 28200.

Fresh selling can be initiated above 28200


 Silver


Support at 36900 and Resistance at 37250

Break and sustain above 37250 will take it to 37650—37800+++ mark in days to come else could touch its support level of 36900 again.


Fresh selling can be initiated above 36900


Crude


Support at 3640 and Resistance 3680

Above 3680 rally remain continue 3750—3780++ mark else could touch its support level of 3640.

Fresh selling can be initiated below 3640.


Natural Gas



Support at 171 and Resistance at 174.50

Above 174.50 rally remain continue till 178—180++ mark else could touch its support level of 171.00

Fresh selling can be initiated below 171


Copper




Support at 436 and Resistance at 441.00

Break and sustain above 441 will take it to 446—450++mark else could touch its support level of 436.

Fresh selling can be initiated below 436.00


Economic Data



07:00 P.M Empire State Manufacturing Index: Previous 0.1%, Expected 0.6%, Actual??

Increase in Empire State Manufacturing Index– positive impact on dollar Index and base metal or vice versa.











More will update soon!!!

Fresh levels of Major Agri Commodities for the day 15th December 2017




Agri Commodity Update (15th-Dec-2017) 


Fundamental Aspect:



Cotton traded higher from last couple of days tracking lower arrivals and expectation of fall in domestic output due to pink bollworm attacks in some states. Moreover, higher bonus given to Gujarat farmers also boosted the sentiment of prices. As per Cotton Corporation of India, cotton arrivals till 7th Dec across the states are pegged at 74 lakh bales. Maharashtra is leading with 15.4 lakh bales followed by Telangana and Gujarat at 14.9 lakh bales and 12.9 lakh bales respectively.
The USDA raised the US production number noted at 21.44 million bales, on a 2 lb increase in yield to 902 lbs/ac. The US ending stocks number was lowered 0.3 million bales, as exports were raised by that amount. The world ending stocks number was trimmed 2.88 million bales to 88 million bales. Production in India was noted down by 0.5 mt, as Pakistan it was down 0.95 mt.


Chana prices traded below MSP from past couple of days due to weak physical demand, improved sowing progress and higher stocks in the country due to record imports. As per government data, India imported about 4.78 lakh tonnes of chana during April-Sep, up by 430% compared the last year imports. As per government sowing data, area under the chana crop across the country was noted up 10.25% on year at 89.6 lakh ha as on last week. The NCDEX have imposed a special margin of 5% on the sell side in all running contract and yet to be launched chana contracts seems unable to support its prices.



Technical Aspect (Jan)


Turmeric (Apr)





Our buy call from 7400—7584 has proven great


Now what to expect?


Support seen at 7350 and Resistance is 7650.


Rally likely to continue till 7650.Break and sustain above 7650 will take it towards 7740—7850 and then 8000++ mark in near term.


Fresh selling only can be seen only close below 7350 on closing basis.


Trade with levels only.


Jeera  




Support seen at 21300 and Resistance is at 22050.


Looks weak on Chart. Break and sustain below 21300 will take it towards 20800—20550 and then 20300 mark in near term.


Fresh Buying can be seen on close above 22050 mark on closing basis.


Trade with levels only.


Castor Seed 




Support at 4450 and Resistance at 4560.


Looks weak on chart. Sell on every rise till 4560.Break and sustain below 4450 will take it towards 4410—4360 and then 4250 mark in near term. 


Fresh buying can be initiated above 4560 mark on closing basis.


Trade with levels only.



Guarseed 





Support is at 3800 and Resistance is 3920.


Looks weak on chart and likely to touch 3800 .Break and sustain below 3800 will take it towards 3750—3720 and then 3650 mark in near term else could touch its resistance of 3920 mark.



Hurdle and stop loss will remain at 3920 mark on closing basis.


Trade with levels only.


Chana 



Our sell call from 4480—3892 has proven great.


Now what to expect?


Support is 3850 and Resistance is 4050.


Panic likely to continue till 3850. Break and sustain below 3850 will take it towards 3780—3730 and then 3650 mark in near term. Hurdle will remain at 4050.


Take cautionary approach at lower levels.


Trade with levels only


RM Seed 


Support seen at 3950 and resistance is at 4050.


Looks weak on chart. Sell on every rise till 4050 and likely to touch 3950. Break and close below 3950 will take it towards 3880—3830 and then 3750 mark in near term.

Fresh buying can be initiated above 4050 mark on closing basis.


Trade with levels only.


Soybean  



Support seen at 2980 and Resistance is 3080


Looks weak on chart and likely to touch 2980. Break and sustain below 2980 will take it towards 2930—2880 and then 2820 mark in coming days.

Fresh buying can be seen on close above 3080 mark on closing basis.


Trade with levels only.


CPO 



Support seen at 553 while Resistance is 565.

Looks positive on chart. Buy and accumulate more on decline and its likely to touch 565 soon. Break and sustain above 565 will see a new bullish era in the near term.


Support and stop loss will remain at below 553 mark on closing basis.


Trade with levels only.











More will update soon!!!

Currency Report of 15th December 2017




Currency Report 15th December 2017

After a two-day fall, Indian rupee gained ground against dollar and ended higher on Thursday, due to selling of the US currency by exporters and banks. Local currency got some support with a private report stating that India’s economic growth has bottomed out and the GDP growth will recover further to 7% over the next few quarters. Besides, gains in the domestic equity markets also influenced the rupee sentiment. However, the rupee gains, to some extent, were capped with the Reserve Bank of India (RBI) data showing that India’s current account deficit (CAD) widened to 1.2% of GDP or $7.2 billion in July-September, from 0.6% of GDP or $3.4 billion reported in the same period a year ago. Meanwhile, the trade deficit widened to $32.8 billion in the previous quarter from $25.6 billion a year ago.  


On the global front, dollar held at more than one-week lows on Thursday after the US central bank kept its economic forecasts unchanged with investors expecting more losses if the European Central Bank outlines a more optimistic outlook on the economy.



USDINR 

Support at 64.20 and Resistance at 64.50

Break and sustain below 64.20 will take it to 63.95—63.70 mark else could touch its resistance level of 64.50.

Fresh buying can be initiated above 64.50

Trade with levels only.



GBPINR

Support at 86.30 and Resistance at 86.75

Break and sustain below 86.30 will take it to 86.00—85.80 mark else could touch its resistance level of 86.75 mark.

Fresh buying can be initiated above 86.75


EURINR

Support at 75.70 and Resistance 76.10

Break and sustain below 75.70 will take it to 75.45—75.30 mark else could touch its resistance level of 76.10 mark.

Fresh buying can be initiated above 76.10


JPYINR

Above 57.30 rally remain continue till 57.50—57.80+++ mark, else could touch its support level of 56.90.

Fresh selling can be initiated below 56.90









More will update soon!!!

Update on Nifty levels, Bank Nifty levels, Derivative Outlook and Equity Pick of the day 15th Dec 2017




Update on Nifty levels, Bank Nifty levels, Derivative Outlook and Equity Pick of the day 15th Dec 2017



Nifty 10252 /Sensex 33246/ Bank Nifty 25168

40 Advances / 8 Declines/ 2 Unchanged

Benchmarks end in green ahead of Gujarat exit polls

Indian equity benchmarks ended the choppy day of trade in green terrain, as traders opted to buy beaten down but fundamentally strong stocks in dying hour of trade ahead of exit poll results of Gujarat election. After a cautious start, markets entered into red terrain and traded cautiously as the Federal Reserve delivered a much-anticipated interest rate hike but flagged caution about inflation, tempering expectations for future tightening, which weighed on the dollar and Treasury yields. Traders also remained concerned with the Reserve Bank of India (RBI) data showing that India’s current account deficit (CAD) widened to 1.2 percent of GDP or $ 7.2 billion in July-September, from 0.6 percent of GDP or $ 3.4 billion reported in the same period a year ago. Meanwhile, the trade deficit widened to $ 32.8 billion in the previous quarter from $ 25.6 billion a year ago.

 Markets extended losses and hit intraday lows to breach their crucial 32,900 (Sensex) and 10,150 (Nifty) levels in noon deals after India’s annual rate of inflation based on wholesale prices rose in the month of November, due to increasing prices of food and fuel products. The WPI surged to 3.93% in November 2017 from 3.59% in October 2017 and 1.82% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 2.74% compared to a buildup rate of 3.90% in the corresponding period of the previous year. However, strong recovery in dying hour of trade took markets into green terrain as traders went for bargain hunting ahead of Gujarat exit poll results to be released tomorrow. Traders also took some support with reports that the government will hold consultations with the RBI to work out a mechanism to bring down merchant discount rates (MDR) that have gone up to 0.90% recently from 0.25% of transaction value. Some support also came with a private report stating that India’s economic growth has bottomed out and the GDP growth will recover further to 7% over the next few quarters. On the global front, European markets were trading in red in early deals, as investors reacted negatively to the US Federal Reserve’s decision to raise interest rates. Weakness in bank stocks dragged European shares lower as the financial sector caught the cold from US rate hike. Asian markets ended mostly in red. China’s central bank nudged up money market rates as authorities sought to defuse financial risks without imperiling the economy, a balancing act that it has managed successfully so far this year as activity remained broadly steady. Back home, banking stocks remained buzzing on report that the finance ministry has held meetings with the top brass of about half-dozen state-run banks as part of efforts to gauge the capital requirements of the lenders. The paper stocks remained in focus on report that paper and paperboard imports touched an all-time of 10.5 lakh tones in the first half of this fiscal, up 60 per cent from 6.5 lakh tones logged in the same period last year. In scrip specific developments, Yes Bank edged higher on entering into partnership with Funds India, while Tata Communications rings loud on getting nod for scheme of arrangement. Lupin rose on receiving USFDA’s approval for generic Safyral Tablets.



FII’s Activity 14th-Dec-17


The FIIs as per Thursday’s data were net buyers in equity segment, while they were net sellers in debt segment, according to data released by the NSDL.

In equity segment, the gross buying was of Rs 6309.43 crore against gross selling of Rs 5910.60 crore. Thus, FIIs stood as net buyers of Rs 398.83 crore in equities. 

In the debt segment, the gross purchase was of Rs 530.35 crore with gross sales of Rs 975.24 crore. Thus, FIIs stood as net sellers of Rs 444.89 crore in debt.



Now what to expect ??


Image result for happy friday



Nifty Levels 

Image result for nifty


Below 10160 will see panic till 10120---10050.

 More and more downside panic will see only close below 10050 else it could test 10370 again.

Trade within a range




Bank Nifty 


Image result for bank nifty



Below 24940 will see panic till 24800---24650. More and more downside panic will see only close below 24650 else it could test 25400 again.

Trade within a range




Daily Derivative Outlook 15th December 2017


• Nifty (Dec) futures closed at a premium of 24.00 points versus a premium of 22.25 points.

• Maximum call writing was seen at Nifty 10500 strike and Maximum Put buying was seen at Nifty 10000 strikes.

• Maximum positions are at 10500 CE and 10000 PE.

• BERGEPAINT (27%), JUSTDIAL (11%), INDIGO (9%), TCS (6%) and INDIACEM (6%) were the top gainers in terms of open interest.

• RAMCOCEM (-12%), MINDTREE (-9%), PCJEWELLER (-8%), REPCOHOME (-8%) and TORNTPHARM (-8%) were the top losers in terms of open interest.

• Advance Decline ratio in F&O segment was at 1.29, Advance (120) + Decline (93) + Unchanged (4) = 217


Derivative Idea (15-12-2017)

Just dial gain around 10.8% of open interest as Short Build-up on Thursday’s trade. Just Dial trading near its support level of 488.00

Now what to expect??

Below 488, panic remain continue till 460--450 and then to 420 mark.

Hurdle at 510.00

Current chart pattern and derivatives data suggest that we expect further panic in coming sessions.


Trading Recommendation (15th Dec 2017)


Image result for Just Dial

Sell Just Dial below 488 with stop loss of 510 for the initial target 460—450 and then to 420 mark.



BPCL - Top Pick

Price just got above its 50-day exponential moving average which is a positive signal. Price just got above its 20-day exponential moving average which is a positive signal. According to exponential moving average analysis, bpcl is in an uptrend. 

Now what to expect???

Above 517 will see rally till 530—535 in days to come. Further upside will see if closes above 535.
Support intact at 505

Any sharp upside rally will be selling opportunity in it.



Trading Recommendation (15th Dec 2017)


Image result for Bpcl

Buy BPCL above 517 with stop loss below 505 (on a closing basis) Target 530—535.











More Will Update Soon!!

Morning News Headlines



Morning News Headlines 


Economic Times

● Govt aims to make India $1 trillion digital economy

● Flipkart India post 19% increase in turnover

● Vedanta rejigs cairn top deck, plans $1 bn investment

● Airtel Bank A/C swell 3.5 times in 3 months with DBT credits

● Telecom firms dip into parents' pockets for debt bailout


Business Standard

● $2- bn tax dispute: SC allows Vodafone to hire chairman for 2nd arbitration

● Nov WPI inflation jumps to 3.93% on high onion, veggie prices

● General Electric ties up with Tatas for jet engine, defence

● HDFC invokes nearly 82 mn pledged Unitech shares

● Strengthening banks the next big reform: Arun Jaitley


Mint

● Exit polls project a BJP win in Gujrat, Himachal Pradesh

● HomeLane raises $10 million from Accel partners, others 

● SEBI and RBI in talks on giving a boost to interest rate futures

● Delinquencies in loan against property to rise 70 bps to 3.3% in fiscal: Crisil

● Tata Communications board approves demerger of surplus land via HPIL


Money Control

● HDFC Bank to consider share sale to HDFC, raising funds via QIP

● PNB, Union Bank raise Rs 7,000 Cr via QIP

● SEBI relooking at making details disclosures mandatory: Ajay Tyagi

● Natco Pharma raises Rs 915 Crore via QIP

● Credit Suisse sees India's macroeconomic visibility improving in 2018


Sources : Economic Times, Business Standard, Mint & Money Control.