INTERNATIONAL FOREX TIPS ( INDIAN STANDARD TIME ) 8:33 PM

 INTERNATIONAL FOREX TIPS ( INDIAN STANDARD TIME ) 8:33 PM

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8:33 PM INTRADAY Buy EURUSD SA 1.1154 SL 1.1140 Target 1.1164 / 1.1175 / 1.1186
8:33 PM INTRADAY Sell EURUSD SB 1.1128 SL 1.1142 Target 1.1118 / 1.1107 / 1.1096

8:33 PM INTRADAY Buy GBPUSD SA 1.3112 SL 1.3098 Target 1.3122 / 1.3133 / 1.3144
8:33 PM INTRADAY Sell GBPUSD SB 1.3086 SL 1.3100 Target 1.3076 / 1.3065 / 1.3054

8:33 PM INTRADAY Buy USDCHF SA 0.9841 SL 0.9827 Target 0.9851 / 0.9862 / 0.9873
8:33 PM INTRADAY Sell USDCHF SB 0.9815 SL 0.9829 Target 0.9805 / 0.9794 / 0.9783

8:33 PM INTRADAY Buy USDJPY SA 103.56 SL 103.42 Target 103.66 / 103.77 / 103.88
8:33 PM INTRADAY Sell USDJPY SB 103.30 SL 103.44 Target 103.20 / 103.09 / 102.98

8:33 PM INTRADAY Buy USDCAD SA 1.3141 SL 1.3127 Target 1.3151 / 1.3162 / 1.3173
8:33 PM INTRADAY Sell USDCAD SB 1.3115 SL 1.3129 Target 1.3105 / 1.3094 / 1.3083

8:33 PM INTRADAY Buy AUDUSD SA 0.7526 SL 0.7512 Target 0.7536 / 0.7547 / 0.7558
8:33 PM INTRADAY Sell AUDUSD SB 0.7500 SL 0.7514 Target 0.7490 / 0.7479 / 0.7468

8:33 PM INTRADAY Buy EURGBP SA 0.8519 SL 0.8505 Target 0.8529 / 0.8540 / 0.8551
8:33 PM INTRADAY Sell EURGBP SB 0.8493 SL 0.8507 Target 0.8483 / 0.8472 / 0.8461

8:33 PM INTRADAY Buy EURAUD SA 1.4838 SL 1.4824 Target 1.4848 / 1.4859 / 1.4870
8:33 PM INTRADAY Sell EURAUD SB 1.4812 SL 1.4826 Target 1.4802 / 1.4791 / 1.4780

8:33 PM INTRADAY Buy EURCHF SA 1.0966 SL 1.0952 Target 1.0976 / 1.0987 / 1.0998
8:33 PM INTRADAY Sell EURCHF SB 1.0940 SL 1.0954 Target 1.0930 / 1.0919 / 1.0908

8:33 PM INTRADAY Buy EURJPY SA 115.33 SL 115.19 Target 115.43 / 115.54 / 115.65
8:33 PM INTRADAY Sell EURJPY SB 115.07 SL 115.21 Target 114.97 / 114.86 / 114.75

International Forex Trend : 31-08-2016 20:30Pm

International Forex Trend : 31-08-2016 20:30Pm

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Currency Market Update
31-08-2016 20:30
USDINR	:	Trend	-	Down
EURINR	:	Trend	-	Down
GBPINR	:	Trend	-	UP
JPYINR	:	Trend	-	Down
EURUSD	:	Trend	-	Down
GBPUSD	:	Trend	-	Down
USDCHF	:	Trend	-	Down
USDJPY	:	Trend	-	UP
USDCAD	:	Trend	-	UP
AUDUSD	:	Trend	-	Down
EURGBP	:	Trend	-	UP
EURAUD	:	Trend	-	UP
EURCHF	:	Trend	-	Down
EURJPY	:	Trend	-	UP

Dollar holds near 3-week highs before ADP report : 31.08.2016

Dollar holds near 3-week highs before ADP report : 31.08.2016

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The dollar held steady near three-week highs against the other major currencies on Wednesday, as investors awaited the release of U.S. employment data due later in the day.

EUR/USD was little changed at 1.1147, just off Tuesday's two-week trough of 1.1128. Market participants were looking ahead to a U.S. employment report due later Wednesday, for further indications on the strength of the economy.

On Tuesday Federal Reserve Vice Chairman Stanley Fischer said the U.S. labor market is almost at full strength and the pace of interest rate increases will be data dependent.

Forex - Aussie holds steady, kiwi moves higher ahead of U.S. data : 31.08.2016

Forex - Aussie holds steady, kiwi moves higher ahead of U.S. data : 31.08.2016

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Forex - Aussie holds steady, kiwi moves higher ahead of U.S. data

The Australian dollar was steady against its U.S. counterpart on Wednesday, while the New Zealand dollar moved higher despite the release of disappointing data from New Zealand, as investors eyed upcoming U.S. jobs data due later in the day. AUD/USD was little changed at 0.7513, just off Tuesday's one-month lows of 0.7495.

Market participants were looking ahead to a U.S. employment report due later Wednesday, for further indications on the strength of the economy.

 On Tuesday Federal Reserve Vice Chairman Stanley Fischer said the U.S. labor market is almost at full strength and the pace of interest rate increases will be data dependent.

The greenback remained supported after Fed Chair Janet Yellen said in a speech at Jackson Hole last Friday that the case for raising U.S. interest rates has strengthened in recent months, citing improvements in the labor market and hopes for modest economic growth.

NZD/USD gained 0.35% to trade at 0.7243. Earlier Wednesday, data showed that the ANZ business confidence index for New Zealand ticked down to 15.5 in August from 16.0 the previous month.

The U.S. dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, was steady at 96.04, just off the three-week high of 96.12 hit overnight.

Mcx Commodity Market Trend Update 31-08-2016 18:31

Mcx Commodity Market Trend Update 31-08-2016 18:31

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Mcx	Commodity Market Trend Update
	31-08-2016 18:31
Mcx	Aluminium	:	Trend	-	Down
Mcx	Cardamom	:	Trend	-	Up
Mcx	Copper	:	Trend	-	Down
Mcx	Coppermini	:	Trend	-	Down
Mcx	Cotton	:	Trend	-	Down
Mcx	CPO	:	Trend	-	Down
Mcx	Crudeoil	:	Trend	-	Down
Mcx	Crudeoilmini	:	Trend	-	Down
Mcx	Gold	:	Trend	-	Down
Mcx	Goldguinea	:	Trend	-	Down
Mcx	Goldmini	:	Trend	-	Down
Mcx	Goldpetal	:	Trend	-	Down
Mcx	Lead	:	Trend	-	Up
Mcx	Leadmini	:	Trend	-	Up
Mcx	Menthaoil	:	Trend	-	Up
Mcx	Naturalgas	:	Trend	-	Down
Mcx	Nickel	:	Trend	-	Down
Mcx	Nickelmini	:	Trend	-	Down
Mcx	Silver	:	Trend	-	Down
Mcx	Silvermini	:	Trend	-	Down
Mcx	Silvermicro	:	Trend	-	Down
Mcx	Zinc	:	Trend	-	Up
Mcx	Zincmini	:	Trend	-	Up

Post Session: Sensex ends higher for third day, led by gains in bank stocks 31/08/2016 16:41

Post Session: Sensex ends higher for third day, led by gains in bank stocks
31/08/2016 16:41
NIFTY Fut TREND : BUY ZONE
BANKNIFTY Fut   : BUY ZONE

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Extending rally for the third straight session, the Indian equities ended tad higher in a broad-based rally on Wednesday helped by gains in capital goods, bankex, auto and consumer durables space. Meanwhile, caution prevailed ahead of Friday’s US jobs data which may offer more clues over whether the US Federal Reserve raises interest rates in the near-term.

The BSE SENSEX closed at 28,452.17, up by 109.16 points or by 0.39 per cent, and the NSE Nifty ended at 8,786.20, up by 41.85 points or by 0.48 per cent.

In the bullish trade, the BSE Sensex touched intraday high of 28490.21 and intraday low of 28363.1, while the NSE Nifty touched intraday high of 8801.5 and intraday low of 8754.05.

The top gainers of the BSE Sensex pack were Tata, Hero MotoCorp, Dr. Reddy's Laboratories, Bajaj Auto, Larsen & Toubro, while Oil And Natural Gas Corporation Ltd., Tata Consultancy Services, NTPC, Tata Steel, Axis Bank, were among the top losers on BSE.

On the sectoral front, capital goods and bankex stocks were leading the gain, adding as much as 1.4 per cent and 1.2 per cent respectively.

On the global front, the Asian shares ended mostly higher, barring Hang Seng, as traders shrugged off US interest rates speculation and shifted focus to local events. Shanghai Composite closed tad higher with slim gains and Japan’s Nikkei 225 rallied as a weaker yen bolstered the lure for exporter stocks.

Currency Market Update 31-08-2016 16:38

 Currency Market Update 31-08-2016 16:38

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Currency Market Update
31-08-2016 16:38
USDINR	:	Trend	-	Down
EURINR	:	Trend	-	Down
GBPINR	:	Trend	-	Down
JPYINR	:	Trend	-	Down
EURUSD	:	Trend	-	Down
GBPUSD	:	Trend	-	UP
USDCHF	:	Trend	-	UP
USDJPY	:	Trend	-	UP
USDCAD	:	Trend	-	UP
AUDUSD	:	Trend	-	Down
EURGBP	:	Trend	-	Down
EURAUD	:	Trend	-	UP
EURCHF	:	Trend	-	UP
EURJPY	:	Trend	-	UP

Equity Market Trend Update 31-08-2016 14:22

Equity Market Trend Update 31-08-2016 14:22

NIFTY Fut TREND : BUY ZONE
BANKNIFTY Fut   : BUY ZONE

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Equity Market Trend Update			31-08-2016 14:22
Nifty  Fut	:	Trend	UP
Banknifty Fut	:	Trend	UP
HDFCBANK Fut	:	Trend	UP
Infy Fut	:	Trend	UP
ITC Fut	:	Trend	UP
HDFC Fut	:	Trend	Down
Reliance Fut	:	Trend	UP
Icicibank Fut	:	Trend	UP
Tcs Fut	:	Trend	UP
LT Fut	:	Trend	UP
Axisbank Fut	:	Trend	UP
Tatamotors Fut	:	Trend	Down

Sensex, Nifty remain positive; auto, bank stocks lead 31/08/2016 11:46

Sensex, Nifty remain positive; auto, bank stocks lead
31/08/2016 11:46

NIFTY Fut TREND : BUY ZONE
BANKNIFTY Fut   : BUY ZONE

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Indian equity benchmarks continued to trade in the positive territory during the late morning deals on Wednesday led by sustained foreign fund inflows and increased buying by retail investors mainly in the auto, banking and healthcare sector stocks amid mixed global cues.

At 11:18 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 28436.37 up by 93.36 points or 0.33 per cent while the NSE Nifty was at 8784.5 up by 40.15 points or 0.46 per cent.

Meanwhile, caution prevailed ahead of Friday’s US jobs data which may offer more clues over whether the US Federal Reserve raises interest rates in the near-term. Also all eyes will be on the Q1 GDP data set for release today.

On the global front, Asian markets were trading mixed as traders weighed speculation of a rise in US interest rates this year as robust consumer confidence data bolstered the case for monetary tightening in the world’s biggest economy.

SECTORS NEW TODAY – 31.08.2016

SECTORS NEW TODAY – 31.08.2016

NIFTY Fut TREND : BUY ZONE
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* AUTOMOBILE: The Indian automobile industry lost 40 bln rupees due to an eight-month ban on
registration of diesel vehicles with engine capacity of 2,000cc and above in Delhi. Fiat Chrysler
Automobiles India has brought the Jeep brand to India with the launch of two sports utility vehicle
models - Wrangler and Grand Cherokee.

* AVIATION: Domestic airlines no longer need prior government approval to enter into international code share pacts with foreign carriers, with the Directorate General of Civil Aviation relaxing the requirements in this regard.

* BANKING: Bank investments in state bonds could become expensive as Basel committee is veering towards a risk weight on such instruments as a compromise for allowing them to be treated as high quality liquid assets.

* COMMODITIES: The government has no plans as of now to relax stock limits on pulses, even though prices of moong have fallen below the minimum support price.

* ECONOMY: The government is actively considering advancing the date of presenting the Union Budget to January end, Finance Minister Arun Jaitley said. Good monsoon rains this year will accelerate the country's growth rate, Prime Minister Narendra Modi said.

 -The government has raised minimum wages for non-agricultural workers to 350 rupees per day from 246 rupees currently. Commerce and Industry Minister Nirmala Sitharaman said the issue of visa fee hike was raised with the visiting US delegation, adding that US Secretary of Commerce Penny Pritzker would look into it.

 -Mizoram Assembly on Tuesday ratified the Goods and Services Tax Constitutional Amendment bill by adopting an official resolution, becoming the 13th state to approve the legislation.

* GOVERNMENT: The Unique Identification Authority will soon announce regulations under the Aadhaar Act 2016, for companies that intend using apps to offer services relying on the Aadhaar ecosystem.

* INFORMATION TECHNOLOGY: The government will transform the 'Digital India' programme into a more segment-focused one with smartphones playing a crucial role, Union Minister of IT & Electronics Ravi Shankar Prasad said.

* INFRASTRUCTURE: A government panel cleared 16 road projects worth 74.56 bln rupees.

* INVESTMENT: The Foreign Investment Promotion Board cleared six foreign direct investment proposals worth 1.05 bln rupees.

* MINES: India will auction a diamond project that global miner Rio Tinto is abandoning, or allocate it to a state firm, the mines secretary said.

* SUGAR: The global sugar market, which after five years slipped into a deficit in 2015-16 (Oct-Sep), is likely to post a deeper deficit in 2016-17, International Sugar Organization said.

* STEEL: The imposition of anti-dumping duty on hot and cold rolled steel products for six months will help domestic firms brace against a weak demand environment, ratings agency Icra said. Steel prices are likely to go up by 2,000-2,500 rupees a tn starting September with a sharp rise in raw material cost and signs of a revival in demand.

* TAXATION: The Central Board of Direct Taxes has singed 20 unilateral advance pricing agreements with Indian taxpayers as it looks to reduce litigation by providing certainty in transfer pricing. 

STOCKS NEW TODAY – 31.08.2016

STOCKS NEW TODAY – 31.08.2016

NIFTY Fut TREND : BUY ZONE
BANKNIFTY Fut   : BUY ZONE

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* AEGIS LOGISTICS: Infrastructure India Holdings Fund LLC sold 4 mln shares, or 1.2% stake, in the company at 126.26 rupees per share, in a bulk deal on BSE.

* BAJAJ FINANCE: Has received approval of shareholders for sub-division of shares and bonus share issue.

* COAL INDIA: Submitted an application to the National Institute of Mines (Instituto Nacional de Minas) of Government of Mozambique to surrender prospecting licences awarded to its wholly-owned subsidiary Coal India Africana Limitada since mining would be "technically not feasible" in the licence areas.

* DIVIS LABORATORIES: Will invest 5 bln rupees to set up a new facility at Kakinada in Andhra Pradesh.

* DLF: Has shortlisted bidders for the ongoing stake sale in its rental arm, DLF Cyber City Developers. The company expects to receive binding, updated bids in the form of shareholder agreement once the shortlisted bidders complete due diligence.

* INFOSYS: Is looking to become a strategic partner for about a quarter of its roughly 1,000 clients in the next 4-6 quarters and is also building new digital sales teams and using technology to improve its effectiveness, as it looks to touch $20 bln in revenue by 2020.

* GMR INFRASTRUCTURE: Arm GMR Airport will pay the co 36.9% of the topline during the concession period for managing the greenfield airport in Mopa, Goa.

* GRASIM: Will seek shareholders' nod to raise up to 20 bln rupees through private placement basis. The Aditya Birla Group firm will present the proposal to its shareholders at the annual general meeting scheduled next month.

* HT MEDIA: Franklin Templeton Mutual Fund, via Franklin Templeton Prima Plus Fund, bought 4.15 mln shares or 1.78% stake in the company at 80 rupees per share, through a bulk deal on the National Stock Exchange.

* KOTAK MAHINDRA BANK: Canada Pension Plan Investment Board has received the Reserve Bank of India's approval to acquire 5-10% stake in the bank.

* MAHINDRA & MAHINDRA: The company is working on a new business strategy for two-wheelers as the segment has not yielded desired results.

* MANAPPURAM FINANCE: Will consider the proposal of raising 2 bln rupees through issuance of nonconvertible debentures on Sep 8.

* MARICO: Raised prices of its Parachute and Saffola products in the range of 3.5-8.0% in July, despite a fall in raw material costs.

* MARUTI SUZUKI INDIA: The company's Gujarat plant will take at least 8-12 months to ramp up to its full capacity of 250,000 vehicles per year.

* NTPC: Its 800 MW Koldam Hydro Project in Himachal Pradesh on the river Satluj achieved a plant load factor of 107.27% in July.

* PHOENIX MILLS: Is looking to sell stakes in a clutch of projects housed in a special purpose vehicle to a private equity major. The company is in talks with several private equity companies to divest a minority stake in Island Star.

* RELIANCE COMMUNICATIONS: Is evaluating options regarding spectrum in the 700-MHz band, which will be auctioned for the first time in India. Has introduced high definition app-to-app calling at 39 rupees for 300 minutes of calls.

* RELIANCE INDUSTRIES: Chairman Mukesh Ambani is likely to disclose future plans for Reliance Jio Infocomm at the company's annual general meeting on Thursday.

* SHRIRAM TRANSPORT FINANCE CO: Has raised 200 mln rupees through the issuance of nonconvertible bonds maturing in five years at 8.45% coupon.

* STATE BANK OF INDIA: On the trade unions' opposition to the proposed merger of associate banks with itself, Finance Minister Arun Jaitely said the unions will have to realign their view.

* STEEL AUTHORITY OF INDIA: The green panel has given environmental clearance to the 54.19-blnrupee expansion and modernisation project of its Rourkela plant in Odisha. Union Steel Minister Chaudhary Birender Singh met top ArcelorMittal officials to discuss the proposed $1 bln automotive steel joint venture between ArcelorMittal and the company.

* SUN PHARMACEUTICALS: Has shed nearly a quarter of its permanent workforce in the financial year 2015-16 (Apr-Mar).

* TATA CONSULTANCY SERVICES: Has developed a digital solution to provide critical analytics for GE Power's gas turbine manufacturing plant.

* TECH MAHINDRA: Is planning to hive off employment jobs marketplace Saral Rozgar into a separate  firm. It is also scouting for strategic investors to either partially invest, or acquire the entire stake in the firm.

* ULTRATECH CEMENT: The Reserve Bank of India notified that foreign portfolio investors can now invest up to 30% of the paid up capital in the company. 

Free Stock Futures Tips (Hourly 3 Calls) :30.08.2016 11.53 Am

Free Stock Futures Tips (Hourly 3 Calls) :30.08.2016 11.53 Am

NIFTY Fut TREND : BUY ZONE
BANKNIFTY Fut   : BUY ZONE

11:51 Intraday : Buy IOC fut Sa 576.3 SL 570.3 Target 581.8 / 585.8 / 589.8
11:53 Intraday : Buy M&M Fut Sa 1460.6 SL 1445.3 Target 1474.5 / 1484.7 / 1494.9
11:53 Intraday : Buy Zeel Fut Sa 541.4 SL 535.7 Target 546.5 / 550.3 / 554.0

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Equity Market Trend Update 31-08-2016 11:45

Equity Market Trend Update

31-08-2016 11:45

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BANKNIFTY Fut   : BUY ZONE

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Equity Market Trend Update			31-08-2016 11:45
Nifty  Fut	:	Trend	UP
Banknifty Fut	:	Trend	UP
HDFCBANK Fut	:	Trend	UP
Infy Fut	:	Trend	Down
ITC Fut	:	Trend	UP
HDFC Fut	:	Trend	UP
Reliance Fut	:	Trend	UP
Icicibank Fut	:	Trend	UP
Tcs Fut	:	Trend	Down
LT Fut	:	Trend	UP
Axisbank Fut	:	Trend	Down
Tatamotors Fut	:	Trend	UP

Markets remain firm; Tata Motors, Hero MotoCorp shares advance 31/08/2016 10:32

Markets remain firm; Tata Motors, Hero MotoCorp shares advance
31/08/2016 10:32

NIFTY Fut TREND : BUY ZONE
BANKNIFTY Fut   : BUY ZONE

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The key domestic benchmark indices were trading higher in the morning trading session tracking mixed cues from markets across Asia.

All eyes will be on the Q1 GDP data set for release today which may show that growth in the Indian economy may have slowed to 7.6 per cent in the June 2016 quarter from 7.9 per cent in Q4 FY 2015-16.

At 10:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28424.62 up by 81.61 points or by 0.29 per cent, while the NSE Nifty was at 8779.90 points, trading higher by 35.55 points or by 0.40 per cent.

On the global front, Asian stocks were trading mixed today as traders weighed speculation of a rise in US interest rates this year as robust consumer confidence data bolstered the case for monetary tightening in the world’s biggest economy. US stocks ended lower in the previous trading session amid a sell-off in Apple and amidst caution ahead of Friday’s jobs report.
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Markets open higher in early trade 31/08/2016 09:24

Markets open higher in early trade
31/08/2016 09:24

NIFTY Fut TREND : BUY ZONE
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The key domestic benchmark indices opened higher in the morning trading session tracking mixed cues from markets across Asia. A bearish finish at Wall Street overnight may lead markets to pare early gains as traders across the globe remained wary ahead of Friday’s US jobs data which may offer more clues over whether the US Federal Reserve raises interest rates in the near-term.

All eyes will be on the Q1 GDP data set for release today which may show that growth in the Indian economy may have slowed to 7.6 per cent in the June 2016 quarter from 7.9 per cent in Q4 FY 2015-16.

At 09:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28372.25 up by 29.24 points or by 0.1 per cent, while the NSE Nifty was at 8754.05 points, trading higher by 9.7 points or by 0.11 per cent.

On the global front, Asian stocks were trading mixed today as traders weighed speculation of a rise in US interest rates this year as robust consumer confidence data bolstered the case for monetary tightening in the world’s biggest economy. US stocks ended lower in the previous trading session amid a sell-off in Apple and amidst caution ahead of Friday’s jobs report.

US DOLLAR INDEX (USD) : 31.08.2016

US DOLLAR INDEX (USD) : 31.08.2016

NIFTY Fut TREND : BUY ZONE
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The American currency traded  higher by 0.5 percent yesterday owing to stronger that expected release of consumer confidence  data from the nation.

US consumer confidence  to the higheest  level in 11 months thereby indicat i ng the fact that  economic  growth c ould pick up in the second half of the year.

Moreover, Fed Chair Janet Yellen in her recent speech stated that  the case for a rate increase was strengthening, but provid ed little  detail on when the Fed would next move.  A ll  the above factors  has infused  expectation of a r ate hike possibility in the coming  months which inturn boosted the demand for  the American  currency. The American currency made an intraday  high of  96.13 and closed  at 9 6.0 4 on  Tues day. OUTLOOK Rupee is likely to appreciated after the  RBI governor  in his  foreword to the central bank’s annual report for 2015 - 16 stated  that t he economy’s prospects for the current financial year  looked brighter than the previo us fiscal year.

USD/JPY TECHNICAL OUTLOOK : 31.08.2016

USD/JPY TECHNICAL OUTLOOK : 31.08.2016

NIFTY Fut TREND : BUY ZONE
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USD/JPY. Pair after opening at 101.90and made a high of 102.45 and was seen buying pressure after the breakout above 100.80 the pair had bottom out and made a low of 98.98 and from there the pair had reversed and now trading near its 08Dma 102.35, the pair is not able to go below 99.levels and that has emerge as a strong support so any dip shall be utilized to buy the pair

Fundamental Overview

Yen is trading at 103.00, depreciating the most against the US dollar in the last few sessions. US dollar dominance in the currency markets has triggered the selloff in Yen. Industrial production data for the month of July was reported at 0.0% against an expectation of 0.8% and the trend of Yen weakness is set to continue.

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS
5:20:00 AM JPY Industrial Production (MoM) (Jul) 0.80% 2.30%

GBP/USD TECHNICAL OUTLOOK : 31.08.2016

GBP/USD TECHNICAL OUTLOOK : 31.08.2016

NIFTY Fut TREND : BUY ZONE
BANKNIFTY Fut   : BUY ZONE

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GBP/USD. Pair after opening at 1.3102 made a high of 1.3120 , and saw some profit booking from the higher levels the pair is respecting the levels of 1.3200 as a resistance and 20DMA at 1.3128 and 1.3000 is acting as a support for the pair and rise is shorting opportunity for medium to long term player as the pair is making lower top and bottom formation

Fundamental Overview

Pound is trading at 1.3110, remaining the strongest contender against the dollar. There was no major data from the UK and even with the weaker economic data, Pound remained stronger and short covering could be the only reason for this appreciation. We would prefer selling the pair on every rise.

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS
11:30:00 AM GBP Nationwide HPI (MoM) (Aug) -0.30% 0.50%
11:30:00 AM GBP Nationwide HPI (YoY) (Aug) 4.80% 5.20%

EUR/USD TECHNICAL OUTLOOK : 31.08.2016

EUR/USD TECHNICAL OUTLOOK : 31.08.2016

NIFTY Fut TREND : BUY ZONE
BANKNIFTY Fut   : BUY ZONE

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EUR/USD. Pair after opening at 1.1185Made a high of 1.1192, and was trading with a negative to side wise bias, during the day ,after the yellen speech and now the pair has violated the recent range and any rise close to its yesterdays high likely to find resistance, while strong resistance near swing high and channel resistance 1.1360 will face strong hurdle, so rise shall be utilized to sell the pair, but intraday can expect some bounce


Fundamental Overview

Euro is trading at 1.1157, continuing to remain on its depreciating trade as the US dollar remained in demand. Recent data from the Euro area turned weak, adding to the worries of the ECB. Expect further selling with the German unemployment and EU CPI data scheduled to be reported today.


Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS
11:30:00 AM EUR German Retail Sales (MoM) (Jul) 0.50% -0.10%
1:25:00 PM EUR German Unemployment Change (Aug) -5K -7K
1:25:00 PM EUR German Unemployment Rate (Aug) 6.10% 6.10%
2:30:00 PM EUR Core CPI (YoY) (Aug) 0.90% 0.90%
2:30:00 PM EUR CPI (YoY) (Aug) 0.30% 0.20%

USDINR OUTLOOK Today :31.08.2016

USDINR  OUTLOOK Today :31.08.2016

NIFTY Fut TREND : BUY ZONE
BANKNIFTY Fut   : BUY ZONE

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Above is the Daily Chart of USDINR, the pair after opening at 67.43and made a high of 67.45 and trading side wise to negative and now after yellen speech the pair started to appreciate as pair breaking out few days back now 67.00 (SPOT)- will act as a strong support in the pair on spot basis and any dip can be utilized to go long in the pair and short term resistance will come around 67.40 levels

Fundamental Overview

US dollar index is trading at 95.93, continuing with the appreciating trend as markets continue to anticipate a rate hike from the US FED in the near term. Uptick in the consumer confidence data reported during the US session also added to the dollar demand. ADP employment data due to be published today, will give an indication about non farm data due to be reported on Friday. Expect the US dollar to remain bid for the day.

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS
5:30:00 PM USD FOMC Member Kashkari Speaks
5:45:00 PM USD
ADP Nonfarm Employment Change
(Aug) 175K 179K
7:15:00 PM USD Chicago PMI (Aug) 54 55.8
7:30:00 PM USD Pending Home Sales (MoM) (Jul) 0.60% 0.20%

MARKET OVERVIEW GLOBAL TRACKER : 31.08.2016

MARKET OVERVIEW GLOBAL TRACKER : 31.08.2016

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Markets in Asia eased marginally, tracking the US close as investors await the non-farm payrolls data on Friday.

Markets remain optimistic about a rate hike in the near term, keeping equities under pressure.

US dollar remained stronger with Yen breaching 103.00 after strong consumer confidence data was reported yesterday and with important data from EU and US scheduled for the day.

 Rupee is set to open on a marginally negative note and with the US dollar in demand; we can expect further buying in the USDINR pair.

Rupee opens lower at 67.08 per dollar : 31.08.2016 09.02am

Rupee opens lower at 67.08 per dollar : 31.08.2016  09.02am
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 Rupee is likely to trade in the range of 66.70-67.20/dollar,

The Indian rupee opened marginally lower at 67.08 per dollar on Wednesday versus 62.02 Tuesday.

 "In an environment of uncertainty over the Fed rate trajectory, rupee has held steady.

We believe the renewed Fed rate hike probability may pose minor headwinds in the near term." "Rupee is likely to trade in the range of 66.70-67.20/dollar," he added. The yen traded near its weakest level in a month versus the dollar.

The dollar index held strong around the 96 mark.

Rupee to trade in 66.70-67.20/USD range: 31.08.2016 8.52Am

Rupee to trade in 66.70-67.20/USD range: 31.08.2016 8.52Am

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The 10-year yield is likely to trade at 7.10-7.18 percent in the near term,

In an environment of uncertainty over the Fed rate trajectory, rupee has held steady. We believe the renewed Fed rate hike probability may pose minor headwinds in the near term. Rupee is likely to trade in the range of 66.70-67.20/dollar."

 "Surprise announcement of the new 10-Year bond led to yields softening across the curve. As the market realigns to the new 10-Year (to be auctioned on Friday), the curve is likely to witness a tactical softening bias. The 10-year yield is likely to trade at 7.10-7.18 percent in the near term."

IPO LISTING TODAY : 31.08.2016

IPO LISTING TODAY : 31.08.2016

RBLBANK EQ
RBL Bank Limited
INE976G01028
31-AUG-16

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Stocks in news Today : 31.08.2016

Stocks in news Today : 31.08.2016

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RBL Bank, Kotak Bank, DLF, Delta Corp, UltraTech RBL Bank | Kotak Mahindra Bank | DLF | Delta Corp | UltraTech Cement | Reliance Communications | Sterlite Technologies | Ujjivan Financial | PG Electroplast | Phoenix Mills | Jain Irrigation | Indraprastha Medical and Cox & Kings are stocks, which are in the news today.

F&O cues and FII Investment

F&O cues and FII Investment

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Nifty 8700 Put adds 11.5 lakh shares in Open Interest

F&O cues:

Nifty 8800 Put added 7.3 lakh shares in Open Interest and
Nifty 8700 Put added 11.5 lakh shares in Open Interest.

F&O cues:

Nifty 8600 Put added 14.35 lakh shares in Open Interest on Aagust 30
Nifty 8700 Put added 11.5 lakh shares in Open Interest
Nifty 8800 Put added 7.3 lakh shares in Open Interest
Nifty 9000 Call added 12.3 lakh shares in Open Interest
Nifty 9100 Call added 6.1 lakh shares Open Interest

FIIs in F&O on August 30 (Provisional data from NSE)

FIIs net buy Rs 2066 crore in Index Future
FIIs net buy Rs 1311 crore in Index Options
FIIs net sell Rs 454 crore in Stock Future

US Market : Wall Street weighed by Apple but banks shine : 31.08.2016

US Market  : Wall Street weighed by Apple but banks shine : 31.08.2016

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The Dow Jones industrial average fell 48.69 points, or 0.26 percent, to 18,454.3, the S&P 500 lost 4.26 points, or 0.2 percent, to 2,176.12 and the Nasdaq Composite dropped 9.34 points, or 0.18 percent, to 5,222.99.

Apple Inc was the largest weight on US stock indexes on Tuesday after antitrust regulators ordered the company to pay about USD 14.5 billion in back taxes to the Irish government, but gains in bank shares partly offset the decline.

The S&P 500 fell for the fourth time in five sessions, but was still within 1 percent of its record closing high set earlier this month. Cyclical sectors, which are expected to perform better in an expanding economy, have taken the lead in the past few weeks as economic data paints a rosier picture of the U.S. economy.

 US consumer confidence rose to an 11-month high in August, with households more upbeat about the labor market.

Payrolls data on Friday could strengthen the case for higher US interest rates, as has been hinted over the past week by Federal Reserve officials.

Bets on a bottoming out of bond yields have given support to bank stocks of late. The S&P 500 financial sector is up 1.8 percent so far this week, compared with a 0.3 percent advance for the S&P.

"The economy is doing well, the labor market is still doing well, there's reasons to think (interest) rates have bottomed and that is good for financials," said Paul Zemsky, chief investment officer, Multi-Asset Strategies and Solutions at Voya Investment Management in New York. S&P 500 financials closed at their highest level since early December, right before the Fed raised interest rates for the first time in nearly 10 years.

 Cyclical sectors should continue to lead the stock market despite Tuesday's declines in all sectors outside financials, Zemsky said. "A day is not a way to look at the trend," he said.

But Apple weighed on major indexes after the European Commision ordered the iPhone maker to pay Ireland up to 13 billion euros (USD 14.5 billion) in unpaid taxes, as it ruled the firm had received illegal state aid.

The Dow Jones industrial average fell 48.69 points, or 0.26 percent, to 18,454.3, the S&P 500 lost 4.26 points, or 0.2 percent, to 2,176.12 and the Nasdaq Composite dropped 9.34 points, or 0.18 percent, to 5,222.99.

 Hershey dropped 11.2 percent to USD 99.19 after Mondelez abandoned its pursuit to buy the chocolate maker on Monday. Mondelez rose 3.7 percent.

United Continental Holdings rallied 8.6 percent to close at USD 50.99 after it hired the No. 2 executive at rival American Airlines as United's board and chief executive officer seek to shape a new strategy and boost the airline's stock price.

 American shares rose 2.4 percent to USD 37.05. Abercrombie & Fitch plunged 20.3 percent to USD 18.29 after the teen apparel retailer posted its 14th straight quarter of declining sales and said it no longer expects comparable sales to improve this year.

Declining issues outnumbered advancing ones on the NYSE by a 1.04-to-1 ratio; on Nasdaq, a 1.13-to-1 ratio favored advancers.

The S&P 500 posted 26 new 52-week highs and no new lows; the Nasdaq Composite recorded 121 new highs and 20 new lows. About 5.66 billion shares changed hands on US exchanges, compared with the 5.98 billion daily average over the last 20 sessions.

 The 20-day average dipped below 6 billion shares for the first time since June 2015.

Asian shares ease, taking cue from Wall Street, oil slips : 31.08.2016

Asian shares ease, taking cue from Wall Street, oil slips : 31.08.2016

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 Japan's Nikkei stock index added 0.9 percent, poised to rise 1.8 percent for the month, as it got a boost from a weaker yen after upbeat US data lifted the dollar overnight.

Asian shares eased on Wednesday following modest losses on Wall Street, but were still on track for a monthly rise as investors waited to see if upcoming job data could prod the Federal Reserve into raising interest rates as soon as September.

 MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.1 percent as traders awaited Friday's job report, but looked set for a near 2 percent gain in August.

Japan's Nikkei stock index added 0.9 percent, poised to rise 1.8 percent for the month, as it got a boost from a weaker yen after upbeat US data lifted the dollar overnight.

 The dollar was steady at 102.93 yen after rising as high as 103.14 yen overnight, its strongest since July 29. It was up 0.9 percent for the month.

Data released earlier on Wednesday showed Japanese industrial output was flat in July from June, underscoring fragility in factory activity and falling short of economists' median forecast for a 0.8 percent rise.

Along with weak household spending data on Tuesday, Japan's latest gloomy data are reinforcing expectations the Bank of Japan will ease policy further in September even if many economists and businessmen think it won't do much good. "While the latest string of Japanese data has been decent with the jobless rate improving and retail sales rising strongly in July,

Japanese officials are clearly still frustrated with the weak growth in the economy," said Kathy Lien, managing director of FX strategy at BK Asset Management. If the US unit breaks 103.50 yen, its next stop would be 104, Lien wrote in a note.

The euro was steady at USD 1.1146, down 0.2 percent for August.

The dollar index, which tracks the greenback against a basket of six major counterparts, edged down slightly on the day to 96.010 but remained not far from its overnight high of 96.143, its highest since early August. It was on track to rise 0.5 percent for the month.

On Wall Street overnight, markets logged losses, dragged down by shares of Apple Inc after antitrust regulators ordered the company to pay about USD 14.5 billion in back taxes to the Irish government.

The S&P 500 fell for the fourth time in five sessions, but was still within 1 percent of its record closing high set earlier this month. Friday's jobs report is expected to show employers added 180,000 jobs in August, according to the median estimate of 89 economists polled by Reuters.

 Fed Vice Chairman Stanley Fischer said in a television interview on Tuesday that the US job market is nearly at full strength and the pace of the central bank's interest rate increases will depend on how well the economy is doing.

Markets were pricing in a 27 percent chance of a US rate hike next month as of Tuesday, according to CME Group's FedWatch tool. That probability would rise if the jobless figures were stronger than expected, showing US employers continued their strong pace of hiring seen in recent months.

 US consumer confidence rose to an 11-month high in August, with households more upbeat about the labor market, data showed overnight.

Crude oil futures continued to slip after ending down for a second straight day on worries of oversupply and a strong dollar.

 Brent crude LCOc1 was down 0.1 percent at USD 48.31 per barrel after shedding 1.8 percent on Tuesday.

US crude CLc1 was down 0.2 percent at USD 46.24 after losing 1.3 percent overnight. Spot gold edged up 0.1 percent to USD 1,311.66 an ounce after tumbling as low as USD 1,308.65 on Tuesday, its lowest since late June, pressured by the stronger dollar and growing expectations of higher US interest rates. Ads by Google

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