Top intraday trading ideas for afternoon trade for Monday 31 December 2018

NEW DELHI:  

Equity benchmarks Sensex and Nifty50 were trading higher on Monday on account of buying in frontline bluechip counters.

Markets collated a list of trading ideas from various experts and here's what they had recommended for today's afternoon trade:

Manas Jaiswal of manasjaiswal.com

Tata Steel is a 'Buy' call with a target price of Rs 540 and a stop loss of Rs 514.

Shriram Transport NSE 2.17 % is a 'Buy' call with a target price of Rs 1300 and a stop loss of Rs 1230.

Dr. Reddy's Lab is a 'Buy' call with a target price of Rs 2720 and a stop loss of Rs 2630.

Kunal Bothra independent market expert

Dr. Reddy's Lab is a 'Buy' call with a target price of Rs 2750 and a stop loss of Rs 2600.

Chennai Petroleum is a 'Buy' call with a target price of Rs 306 and a stop loss of Rs 288.

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Commodity as a Predetemined Way of Trading

It can be beneficial for both seller or buyer like in case if the price of the commodity falls then it will be beneficial for the seller and in vice versa situation for the buyer. The commodity trading future has gained popularity at a very faster pace. Even a commission named commodity futures s Trading Commission has been established that provides various rules and regulations dealing with commodity futures trading. Every company dealing with futures trading has to comply with these rules and regulations in online Commodity Trading.

This trading has taken a position on the World Wide Web. Many companies provide easy access to people to engage in the trading activities within the click of their mouse. These companies along with easy access provide comprehensive features dealing with futures trading. One of the features provided by online commodity futures trading requires personal information of a customer. The companies also identify the margin amount which is required to be paid by the sponsor varying from commodity to commodity.

Therefore, the customers before availing facilities or entering into  futures  trading with any company must confirm that the company is complying by the rules and regulations made by commodity   futures  trading  Commission in this respect and there must be made such rules related to personal information so that it remains intact and cannot be misused or used for fraudulent purposes. The company must also adhere by the Personal Information Protection Act and various other laws made in the respect of protecting personal information. The customer should also be satisfied that all the terms and conditions are comprehensively told. Apart from this, all the futures trading risks and leverages provided under trading must also be explained exhaustively.

The significant feature of the company is that it has provided strict rules related to security of personal information of customers. this works all the days even on weekends for fixed hours, so that customer can avail the facility of the company without any obstruction.

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Strong rally likely in January series as long as Nifty trades above 10,800

                                           

The Nifty50 started off in the negative zone at the beginning of the week following global peers. However, strong recovery in the latter half helped Nifty close in positive after two sessions of losing streak.

On the daily chart, a piercing candlestick pattern has formed, which suggests a bullish reversal of the short trend. A long lower wick in the latest candle indicates strong demand around 10,500.

On the other hand, even after a strong recovery, the strength indicator RSI (14) remained in the bearish crossover which means the momentum is still bearish.

On the options front, maximum open interest position is visible in 11,000 CE (45.13Lakh shares) and 10,000 PE (53.31Lakh shares); whereas, significant writing at 10,500 PE (7.25Lakh shares) and at 10,600 PE (7.15Lakh shares) pushed the index upward for the day.

Going forward, 10,600 and 10,500 would act as crucial support for the falling Nifty. On the higher end, immediate resistance is visible at 10,770-10,800 where 200DMA is lying. Sustained trades above 10,800 may induce further strong rally in the market.

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Indian rupee opens higher at 70.05/$ amid steady global cues

The Indian rupee opened higher/lower at 70.05 per US dollar. This is an appreciation of 30 paise in the currency market.

The rupee tumbled by 29 paise to 70.35 against US dollar Thursday amid strengthening of the greenback even as crude oil prices eased.

Brokers said the US dollar firmed up against major global currencies following easing of tensions between the White House and the Fed, which calmed investors' nerves.

Progress in US-China trade negotiations and strong consumer spending data in the US added to the momentum, they added.

Intraday Future Tips Today

Regrow Investment Research Advisor Morning Update : Sensex, Nifty Rise Higher Amid Mixed Global Cues

Equity benchmarks have given up morning gains and trading flat. The Nifty is around 10,750.

The Sensex is up 8.54 points or 0.02% at 35750.61, and the Nifty down 7.70 points or 0.07% at 10746.30. The market breadth was narrow as 594 shares advanced, against a decline of 534 shares, while 53 shares were unchanged. 


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Commodity Market Tips-Gold Rate Today: Gold, silver down in morning trade

Gold and silver prices were trading in red in morning trade on Thursday the US Federal Reserve raised its key interest rate for the fourth time this year, and signalled more, but slower pace of rate hikes next year.

MCX Gold was trading 0.30 per cent down at Rs 31,132 per 10 gram at around 10.50 am (IST), while MCX Silver was down 0.91 per cent at Rs 37,338 per 1 kg at around the same time.

According to SMC Global Securities, gold on MCX may trade with a downside bias in the range of 30,900-31,250 taking negative cues from the international market. Silver on MCX Will possibly witness correction towards 37,200-37,100 levels.

The dollar index, which measures the greenback against a basket of six major currencies, was slightly weaker.

The Fed raised interest rates on Wednesday and noted that “some” rate hikes would be needed next year, a more aggressive stance than many expected.

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Asia Stocks Hesitant As Investors Rush To Bonds

                                         

Asian share markets played second string to bonds on Wednesday as a spectacular fall in the price of oil spurred speculation the U.S.Federal Reserve might be done with tightening after its policy meeting later in the session. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.4 percent, while Shanghai blue chips were flat. Japan’s Nikkei steadied after an early dip and E-Mini futures for the S&P 500 added 0.4 percent. Oil had stolen the show as a supply glut saw Brent shed almost 6 percent overnight. U.S. crude was last down another 13 cents at $46.11 a barrel, while Brent recouped just 4 cents to $56.30.
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Get a Better Understanding of MCX Market to Earn Maximum Profit

GOLD FEB. : SIDEWAYS RESISTANCE 2 : 31900 RESISTANCE 1 : 31700 SUPPORT 1    : 31400 SUPPORT 2    : 31200	SILVER MAR. : SIDEWAYS RESISTANCE2 : 38600 RESISTANCE1 : 38300 SUPPORT1    : 37900 SUPPORT2    : 37600
COPPER FEB. : SIDEWAYS RESISTANCE2 : 446            RESISTANCE1 : 443 SUPPORT1    : 437 SUPPORT2    : 434	CRUDE DEC.  : SIDEWAYS RESISTANCE2 : 3770 RESISTANCE1 : 3720 SUPPORT1    : 3660 SUPPORT2    : 3610

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**Gold funds regain sheen after more than 2 years, can the interest sustain?**

Asset managers said that volatility and uncertainty in other asset classes have prompted investors to turn to safe-haven investments.

The gold exchange-traded funds recorded net inflows in November for the first time in 25 months, according to the latest data from Association of Mutual Funds in India (AMFI).
Though the net inflows into gold exchange-traded funds in November stood at just Rs 10 crore, mutual fund experts said investors were warming up to exposure in gold, given the uncertainty in equity and debt markets.

Last month, net inflows into equity funds touched a seven-month low of Rs 7,580 crore, while debt funds recorded net outflows for the seventh consecutive month.


The net outflows from debt funds in November stood at Rs 6,520 crore.


Asset managers said that volatility and uncertainty in other asset classes have prompted investors to turn to safe-haven investments like gold funds or ETFs. Some fund managers said investors are also diversifying their investments into gold schemes, expecting stable returns.

"Since gold has a very strong negative relationship with equity markets, it probably makes sense to have some 5-10 percent in gold ETFs or other investment products as a hedge," a fund manager said.

Gold has a negative relationship with equity. In times of volatility or crisis gold as an investment performs better than equity.

Gold ETFs are passive investment instruments that are based on price movements and investments in the metal.

According to fund managers, the appetite for gold ETFs would jump amidst the volatility and also because of the convenience to buy units of gold.

"The gold appetite is going up very rapidly. The simple reason being lack of confidence in other asset classes due to volatility. A lot of investors have realized investments into ETFs versus physical gold," said a fund manager from a private fund house.

Gold ETFs score over physical gold due to the low cost of holding, no risk of theft, good control of quality, and no wealth tax.

Over the past one year, gold exchange-traded funds have delivered steady returns. In the one year period ended Dec 11, eleven gold exchange-traded funds have delivered 9.79 percent, according to the data on Value Research, a mutual fund research firm.

All other fund categories delivered lower returns, with select categories such as equity small-cap, equity mid-cap, equity multi-cap, and equity-oriented hybrid fund categories recording negative returns.

Gold exchange traded funds have also benefited from depreciation in the rupee, as the exposure of such funds to physical gold is benchmarked to the London market prices.
A weak rupee leads to a hike in gold prices. Other things remaining the same, when the rupee weakens, gold prices go up because much of India’s gold is imported. The rupee fell to Rs 74.39 a dollar on October 11, down from Rs 63.67 a dollar at the start of 2018.

शेयर मार्किट की और अधिक जानकारी के लिए Regrow Investment Research Advsior पे दी गई लिंक पर क्लिक करें।
GOLD PRICE OUTLOOK

Gold ETFs seek to provide returns that closely correspond with returns provided by domestic price of gold through physical gold.

According to fund managers, gold ETF is the best way to hold the precious metal as these funds track the gold prices. Feeder funds invest in units of overseas gold funds, which in turn deploy corpus in shares of companies engaged in gold mining business.

So, along with gold price movements, feeder funds are also exposed to fluctuations in share prices.

Gold prices have been on an upward trend in the last few months. On Dec 12, Mumbai spot bullion was trading at 32,500, up nearly 9 percent from a year ago.

Gold experts said gold prices will continue to be on an upward spiral on the back of geopolitical risks. “Gold prices will go up due to the geopolitical risks and trade war. The proximity of US and Russia in such conflicts have a positive impact on gold prices,” said Kumar Jain, Vice-President, Mumbai Jewellers Association.

Expert attribute three broad factors behind the rise in gold prices in the past year. First, the geopolitical risks associated with conflicts in Syria. The proximity of US and Russia in such conflicts have a positive impact on gold prices.

Also, there are a slew of local issues in oil-producing Middle-East nations, with tension between Saudi Arabia and Iran and Saudi Arabia and Turkey that can add to global uncertainty.

Second, the trade wars have increased uncertainty between the US and China. Although there has been a temporary ceasefire in the past weekend where both nations have moved a step forward to a truce, it's a temporary truce and nobody really know the future. Trade wars are strategies initiated by countries to boost one's exports to other countries and reducing imports from other countries by resorting to tariffs and non-quantitative restrictions.
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REGROW INVESTMENT OPENING BELL 11-DEC-2018

NIFTY SPOT DOWN 86 @10400

SENSEX SPOT DOWN 300 @34657

BANK NIFTY FUTURES DOWN 303 @25907   

HAPPY TRADING! 

REGROW INVESTMENT RESEARCH ADVISER NIFTY FUTURES (DEC ) OVERVIEW

TREND BEARISH

RES2: 10760

RES 1:10550

SUP1:10310

SUP2:10100

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REGROW INVESTMENT RESEARCH ADVISER BANK NIFTY FUTURES (DEC ) OVERVIEW

TREND BULLISH

RES 2: 26510

RES 1: 26380

SUP1: 26100

SUP2: 25800 

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Rise Your Profit In MCX Trading

GOLD FEB. : SIDEWAYS RESISTANCE 2 : 31400 RESISTANCE 1 : 31200 SUPPORT 1    : 31000 SUPPORT 2    : 30800	SILVER MAR. : SIDEWAYS RESISTANCE2 : 37800 RESISTANCE1 : 37500 SUPPORT1    : 36900 SUPPORT2    : 36600
COPPER FEB. : SIDEWAYS RESISTANCE2 : 438            RESISTANCE1 : 435 SUPPORT1    : 428 SUPPORT2    : 425	CRUDE DEC.  : SIDEWAYS RESISTANCE2 : 3710 RESISTANCE1 : 3660 SUPPORT1    : 3570 SUPPORT2    : 3520

MCX MORNING UPDATES 06TH DEC 2018

BULLION:-

U.S. stock futures tumbled on Thursday and Asian markets followed after Canadian authorities arrested a top executive of Chinese tech giant Huawei Technologies, fanning fears of further tensions between China and the United States. MKTS/GLOB The dollar, which has enjoyed an unrivalled surge against its peers this year, will be undermined in 2019 on increasing concerns about slowing U.S. economic growth, a Reuters poll of foreign exchange strategists showed. Tariff-driven price increases have spread more broadly through the U.S. economy, though on balance inflation has risen at a modest pace in most parts of the country, the Federal Reserve said on Wednesday in its latest report on the economy. China expressed confidence on Wednesday that it can reach a trade deal with the United States, a sentiment echoed by U.S. President Donald Trump a day after he warned of more tariffs if the two sides could not resolve their differences.

METALS:-

London copper rebounded to close at $6,193.5/mt overnight as shorts cut their bets after the contract fell to a low of $6,158.5/mt. LME copper snapped a four-day losing streak and came under pressure at the five- and 10-day moving averages. With a lower open, the SHFE 1902 contract fluctuated to close at 49,310 yuan/mt overnight. This lowered it below all short-term moving averages and the middle Bollinger band. Open interest for the SHFE copper complex decreased below 500,000 lots, reflecting limited confidence among investors. LME copper is expected to trade at $6,140-6,190/mt today with the SHFE 1902 contract at 49,100-49,400 yuan/mt. Spot premiums are seen at 130-300 yuan/mt. In the physical market, sellers were reluctant to offload cargoes and these tightened supplies across the market. London nickel rebounded from earlier lows and closed at $11,220/mt overnight. After initially falling to a low of 90,250 yuan/mt, the SHFE 1901 contract clawed back losses and ended at 91,250 yuan/mt overnight. Investors remained cautious on lingering concerns over US-China trade.  

ENERGY:-

Oil prices fell along with weak stock markets on Thursday, but trading was tepid ahead of a meeting by producer group OPEC that is expected to result in a supply cut aimed at draining a glut that has pulled down crude prices by 30 percent since October. Traders said oil prices were being weighed down by weak global financial markets, which saw stock markets tumble on Thursday. Early October, crude oil has lost around 30 percent of its value amid surging supply and fears that an economic downturn will erode fuel demand. The Organization of the Petroleum Exporting Countries (OPEC) is meeting at its headquarters in Vienna, Austria, on Thursday to decide its production policy. Led by Saudi Arabia, OPEC's crude oil production PRODN-TOTAL has risen by 4.1 percent since mid-2018, to 33.31 million barrels per day (bpd). Oil output from the world's biggest producers - OPEC, Russia and the United States - has increased by a 3.3 million bpd since the end of 2017, to 56.38 million bpd, meeting almost 60 percent of global consumption. PRODN-TOTAL C-RU-OUT C-OUT-T-EIA.

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