Special Report
03–APR -2019
Global markets at a glance
World Indices
The benchmark S&P 500 stock index paused on Tuesday, taking a breather from Monday’s strong quarterly kickoff as a decline in shares of Walgreens Boots Alliance Inc weighed and economic data did little to ease growth concerns.The Dow Jones Industrial Average fell 79.29 points, or 0.30%, to 26,179.13, the S&P 500 gained 0.05 points to 2,867.24, and the Nasdaq Composite added 19.78 points, or 0.25%, to 7,848.69.
Index
Value
% Change
DJI
26179
-0.30
2867
+0.00
NASDAQ
7848.49
+0.25
FTSE100
7391
+1.01
21669 29820
+0.76 +0.66
Asian shares hovered near seven-month highs early on Wednesday as global investors paused for breath after the strong rally seen earlier this week, while oil approached the key USD 70 per barrel mark.MSCI’s broadest index of AsiaPacific shares outside Japan was up less than 0.1 percent early in the Asian trading day. Australian shares were up 0.6 percent, while Japan’s Nikkei stock index added 0.2 percent.A positive opening is likely as Nifty Futures on Singaporean Exchange were trading over 8.5 points higher. The futures traded around 11,795-odd levels.
Top Gainers
Oil prices rose for a fourth day on Wednesday, holding firm despite an industry report showing that US inventories rose unexpectedly last week, with supply cuts and sanctions supporting the market.Brent futures rose 22 cents, or 0.3 percent, to $69.59 a barrel by 0028 GMT. PREVIOUS DAY ROUNDOFF Indian equity markets continued its upward momentum with the Nifty index closing ~0.4% higher on Tuesday. The Nifty PSU Bank index was among the top outperformers, closing ~1% higher led by SBI, which has added long positions since the start of the April series.Tata Motors and Bharti Airtel were the top open interest gainers adding long positions with a surge of ~8.5% and 5%, respectively in the stock price. Conversely, the Nifty Midcap index underperformed the benchmark index as market breadth ended in favor of the declines. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[-21.10pts], Consumption[-3.75pts],PSE[+9.30pts],CPSE [+7 .1 0 pts],Ene rgy [ -8 . 6 0 pts],FM CG[ -1 2 0 pts] ,Auto [+89.95pts],Pharma[-78.45pts],IT[+147.75pts],Metal[13.20pts],Realty[+6.20pts], Fin Serv sector[+38.95pts].
S&P500
NIKKEI HANG SENG Company
CMP
Change
% Chg
Tata Motors
202.95
15.6
8.33
Bharti Airtel
356.45
15.65
4.59
20,583.50
535.1
2.67
2,079.30
47.65
2.35
GAIL Top Losers
362.6
7.9
2.23
Company
CMP
Change
% Chg
273.95 HPCL 417.7 Zee Entertain 380.5 BPCL 2,853.10 Bajaj Auto 469.7 Sun Pharma Stocks at 52 Week’s HIGH
-9.85
-3.47
-14
-3.24
-11.4
-2.91
-62.55
-2.15
-9.15
-1.91
Eicher Motors TCS
Symbol
Prev. Close
Change
%Chg
ASIANPAINT
1,523.45
30
2.01
BAJAJFINSV
7,311.00
139.2
1.94
BAJFINANCE
3,077.00
71.55
2.38
41.85
1.95
4.89
3.6
0.15
4.35
Prev. Close
Change
%Chg
CHROMATIC
0.85
0
0
CYBERMEDIA
4.6
0.15
3.16
570 1.15 94.25
-69.2 -0.05 0
-10.65 -4.17 0
BALAXI BILENERGY
Stocks at 52 Week’s LOW Symbol
CYIENT DNAMEDIA GENESYS
Indian Indices Company
NIFTY SENSEX
CMP
Change
% Chg
11713
+44
+0.38
39056.65
+184.78
+0.48
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Special Report
03–APR -2019
RECOMMENDATIONS [FUTURE]
STOCK RECOMMENDATION [CASH]
1. Jindal Steel [FUTURE ]
REPCOHOME
Jindal Steel — Stock is trading in channel line & strong buying seen in last week in this stock . In last week buying in metal sector & stock specific like Vedanta , Jindal , Tata Steel. Our recommendation is to Buy in the range 185-187 Target 190-195 Sl below 182 .
Stock showing strength in last day & it is going to be continued beacuse after analysis of derivate date we have seen the increase in open interest along with the price of stock rise . Our recommendation is to buy the stock above 460 target 465/470 Sl 450 .
2. KSCL [FUTURE] KSCL— In KSCL we have seen Buying in this week , we may expect that it will be continue in upcoming week also. On Technical point of view seen trend line breakout & also stock bounce back RSI & MACD also indicate upmove in this stock with strong volume.Our recommendation is Buy stock future in the range of 460 Target 470/480 Sl 450
MACRO NEWS
US President Donald Trump said on Monday he intends to end India’s preferential trade treatment under a program that allows $5.6 billion worth of Indian exports to enter the United States duty free. Trump, who has vowed to reduce US trade deficits, has repeatedly called out India for its high tariffs.“I am taking this step because, after intensive engagement between the United States and the Government of India, I have determined that India has not assured the United States that it will provide equitable and reasonable access to the markets of India,” Trump said in a letter to congressional leaders
China set a 2019 budget deficit target that’s higher than last year’s ratio and said its fiscal policy would be more “proactive and effective”. The Ministry of Finance said on Tuesday that it is targeting a budget deficit of 2.8 percent of gross domestic product (GDP) for this year, compared with 2018’s 2.6 percent target.Policymakers have pledged to step up support for the cooling economy this year, following a raft of measures in 2018 including fast-tracked infrastructure projects and cuts in banks’ reserve requirements and taxes.
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Special Report
03–APR -2019
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
BANKNIFTY
CE
30,500
213
4,34,554
BANKNIFTY
CE
30,700 130.2
4,20,137
BANKNIFTY
CE
30,600 162.95
3,66,687
TATAMOTORS CE
200
12
15,932
TATAMOTORS CE
210
7.45
11,954
TATAMOTORS CE
220
4.35
9,573
SBIN
CE
340
7.15
6,521
RELIANCE
CE
1,400
40
6,015
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
Open Interest
Karnataka Bank: Bank targets Rs 1,44,000 crore business turnover for FY20.
4,23,120 Cipla's wholly owned subsidiary in USA i.e. Cipla Technologies LLC, has signed a binding term sheet today 3,73,400 with Pulmatrix Inc 3,90,780 NIFTY FUTURE NIFTY -On weekly chart Nifty close with 40,96,000 green candle,during this week nifty was traded in a 29,72,000 brode range of 235 points. On Nifty we may expect new all time high will see before starting first phase of 24,52,000 election April 17,2019 . In last week FII infuse more than 1,65,12,000 6000 cr & selling by DII in cash Rs 435 cr, which was less as we compare to last week data . After analysis of data 13,96,500 suggest that 11500-11600 work as support & OI addtion seen in 11700-11800 works as resistance . Our 2,83,500 recommendation is to Buy Nifty 50 in the range 11700Open 11750 Target 11800/11900 SL below 11600. Interest
BANKNIFTY
PE
30,000
42
6,53,375
6,83,920
BANKNIFTY
PE
30,200
76.6
3,34,214
3,25,920
BANKNIFTY
PE
30,100
54.9
3,22,110
3,25,740
TATAMOTORS PE
180
2.2
5,421
25,88,000
TATAMOTORS PE
190
4.05
5,275
20,02,000
TCS
PE
2,000 24.85
4,555
7,69,250
RELIANCE
PE
1,380 32.65
4,164
2,86,000
RELIANCE
PE
1,360 24.55
3,767
6,49,500
FII DERIVATIVES STATISTICS BUY No. of Contracts
SELL Amount in Crores
OPEN INTEREST AT THE END OF THE DAY
No. of Amount in No. of Contracts Crores Contracts
Amount in Crores
NET AMOUNT
INDEX FUTURES
32355
2533.07
40841
3199.87
215281
17173.14
-666.7974
INDEX OPTIONS
1278167
87372.33
1270874
86734.58
755268
60475.66
637.7477
STOCK FUTURES
220022
13566.68
211998
13178.58
1379319
89408.43
388.1047
STOCK OPTIONS
104038
6347.42
100258
6193.38
60146
3983.20
154.0382 513.0932
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
11772
11743
11699
11669
11625
BANKNIFTY
30618
30486
30320
30189
30023
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Special Report
03–APR -2019
RECOMMENDATIONS GOLD TRADING STRATEGY:
COMMODITY ROUNDUP
GOLD BUY ABOVE 31800 Target 31850/31900 Sl 31700 GOLD SELL BELOW 31750 Target 31700/31650 Sl 31850
Gold prices steadied near their lowest in about four-weeks on Tuesday as robust economic data from the United States and China tempered concerns of a global slowdown, boosting the dollar and riskier assets. Spot gold XAU= was up 0.1 percent at $1,288.53 per ounce at 1007 GMT, having touched its lowest since March 7 at $1,284.76 earlier. U.S. gold futures GCv1 fell about 0.2 percent to $1,292.30 an ounce."Gold continues to struggle with the bullishness we are seeing across the other sectors ... Today, the primary driver is the continuous strength of the dollar," said Saxo Bank analyst Ole Hansen."(Global slowdown) concerns are most certainly easing. It's too early to say they are gone but they have eased, and with that, also the need to have protection."
SILVER TRADING STRATEGY: Silver Buy Above 37700 Target 37800/37900 Sl 37575 Silver Sell Below 37900 Target 37800/3750 Sl 38150
World stocks hovered just under a six-month high, supported by strong manufacturing data from the United States and China, while the dollar index .DXY rose to a three -week high against a basket of rival currencies, making bullion expensive for holders of other currencies. MKTS/ GLOB USD/Investors are also keeping a close watch on SinoU.S. trade negotiations, set to resume later this week in Washington with a Chinese delegation led by Vice Premier Liu He. Gold prices slipped on Tuesday to their lowest in more than three weeks as waning concerns about a global economic slowdown lifted equities to multi-month highs, denting the precious metal's safe-haven appeal. Spot gold XAU= was down 0.1 percent at $1,286.41 per ounce by 0732 GMT, after touching its lowest since March 7 at $1,284.76 earlier in the session. U.S. gold futuresGCv1 fell about 0.2 percent to $1,291.40 an ounce."Concerns we saw emerge in the past few weeks around economic growth has certainly eased and that shift (in sentiment) in the past day or two resulted in little bit of selling in gold market," ANZ analyst Daniel Hynes said."Most of the global growth is coming from China and the (Chinese) data over the weekend eased those concerns."Strong manufacturing data from the United States and China triggered a massive selloff in the U.S. bond market on Monday, which in turn lifted Asian equities to seven-month highs. US/ MKTS/GLOB
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Special Report
03–APR -2019
RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM APR ABOVE 9110 TGT 9140/9180 SL BELOW 9080 SELL GUARGUM APR BELOW 9000 TGT 8960/8900 SL ABOVE 9040
NCDEX INDICES Index
Value
% Change
4100 6268 1936 4146.5 15440
-0.46 -1.72 -1.14 0.33 0.03
Jeera
3840
-0.42
Mustardseed Soy Bean Turmeric
3637 6238 6148
-0.55 0.64 0.29
Castor Seed Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT
Indonesia’s palm and palm kernel oil exports in February rose 16.7 percent from a year earlier to 2.77 million tonnes, the Indonesia Palm Oil Association (GAPKI) said in a statement.On a monthly basis, shipments dropped almost 11 percent in February, which the association said was due to fewer working days in the month.At the end of February, domestic stocks of palm oil stood at 2.5 million tonnes, down from January’s 3 million tonnes, it said.
DHANIYA TRADING STRATEGY: BUY DHANIYA APRIL ABOVE 6900 TGT 6950/7050 SL BELOW 6850 SELL DHANIYA APRIL BELOW 6850 TGT 6800/6700 SL ABOVE 6900
The government has permitted moong dal imports of up to 1.5 lakh tonne in a fiscal year.This quota restriction will not apply to the government's import commitments under any bilateral or regional agreement or Memorandum of Understanding, PTI reported citing an official notification."Import of Moong shall be subject an annual (fiscal year) quota of 1.5 lakh million tonnes as per procedure to be notified by Directorate General of Foreign Trade," an official notification said.The notification came into effect from April 1, 2019. The Coffee Board of India has activated a blockchain-based marketplace app, in a bid to provide better returns to coffee growers by removing middlemen.The Indian Coffee Board hopes the initiative will help build the brand of Indian Coffee as a luxury, premium beverage, and eliminate the need for intermediaries in the supply chain vertical.With this, the Coffee Board of India has taken the third spot in launching a blockchain coffee trading app, after France and Ethiopia.The app, launched by commerce minister Suresh Prabhu last September, was activated on Thursday after months of testing with farmers and traders.Blockchain based market place app while bringing transparency in the trade of Indian coffee, maintain the traceability of Indian coffee from bean to cup so as the consumer tastes real Indian coffee and the grower is paid fairly for his coffee produced.
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Special Report
03–APR -2019
RBI Reference Rate Currency
Rate Currency
Rupee- $
69.21 Yen
62.3675
77.8125 GBP
90.43
Euro
Rate
USD/INR TRADING STRATEGY: USD/INR BUY USDINR ABOVE 69.15 TGT 69.25/69.35 SL BELOW 69.05 SELL USDINR BELOW 69.3 TGT 69.2/69.10 SL ABOVE 69.42
While the trade optimism pushed the dollar lower against most Asian currencies, it helped erase the greenback's earlier losses against the safe-haven yen JPY= , which followed U.S. President Donald Trump's criticism about Federal Reserve monetary policy and a strong dollar. dollar traded at 111.96 yen JPY= , near a 10-week high of 112.08 on Friday. It had dipped to 111.75 yen after Trump's comments on the Fed. have a gentleman that likes a very strong dollar at the Fed...I want a strong dollar, but I want a dollar that's great for our country not a dollar that is so strong that it is prohibitive for us to be dealing with other nations," he told his supporters in a speech. The rupee on Tuesday recovered from the day's low to finally settle at 68.74 against the US dollar with gains of 40 paise amid sustained foreign fund inflows and heavy buying in domestic equities. Forex dealers said foreign fund inflows in the debt and equity markets helped the rupee recover.
GBP/INR TRADING STRATEGY: BUY GBPINR ABOVE 90.6 TGT 90.72/90.82 SL BELOW 90.45 SELL GBPINR BELOW 90.35 TGT 90.25/90.15 SL ABOVE 90.45
At the Interbank Foreign Exchange (forex), the domestic currency opened lower at 69.32 a dollar but recovered the losses during the day and touched the day's high of 68.70. It finally settled at 68.74 per dollar, up 40 paise over its previous close.A panel of economists, including former Chief Economic Adviser Arvind Virmani, Tuesday called for at least 0.25 percentage point rate cut in the RBI's first monetary policy of the current fiscal to be unveiled later this week. Virmani said that it is for the RBI to understand that the real interest rate in India right now is very high."It is high time time to ease monetary policy," Virmani said during a panel discussion on RBI monetary policy organised by Assocham-EGROW Foundation. Ashima Goyal, Professor of Economics, Indira Gandhi Institute of Development Research and Member, Prime Minister's Economic Advisory Council, and Upasana Bhardwaj, Senior Economist, Vice President Kotak Mahindra Bank, also participated in the discussion.
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Special Report
03–APR -2019
Date
Commodity/ Currency Pairs
01/04/19
NCDEX DHANIYA
APR
BUY
6900
01/04/19
NCDEX DHANIYA
APR
Sell
01/04/19
NCDEX GUARGUM5
APR
01/04/19
NCDEX GUARGUM5
01/04/19
Contract Strategy
Entry Level
Stop Loss
Remark
6915/6940/69 60
6840
NOT EXECUTED
6800
6785/6760/67 40
6860
TARGET
BUY
8900
8915/8940/89 60
8840
TARGET
APR
SELL
8800
8785/8760/87 40
8860
MCX GOLD
MAR
BUY
33350
33400/33475
33250
NOT EXECUTED
01/04/19
MCX GOLD
MAR
SELL
32900
32800/32800
33
TARGET
01/04/19
MCX SILVER
MAR
BUY
40700
40750/40800
40500
NOT EXECUTED
01/04/19
MCX SILVER
MAR
SELL
40400
40300/40200
40600
NOT EXECUTED
Entry Level
Target
Stop Loss
Remark
10750/10700
10900
TARGET
Target
TARGET
Date
Scrip
CASH/ FUTURE/ Strategy OPTION
01/04/19
NIFTY
FUTURE
BUY
01/04/19
JINDAL STEEL
FUTURE
BUY
180-182
187/190
177
TARGET
01/04/19
KSCL
FUTURE
BUY
460
470/480
450
NOT EXECUTED
29/03/19
REPOHOME
CASH
BUY
460
465/470
450
TARGET
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Special Report
03–APR -2019
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS
TIME (ET)
REPORT
PERIOD
ACTU FORECAS PREVIOUS AL T
THE GOVERNMENT SHUTDOWN WILL DELAY THE RELEASE OF SOME DATA THIS WEEK. MONDAY, APRIL 1 8:30 am
Retail sales* (new date)
Feb.
0.3%
0.2%
8:30 am
Retail sales ex-autos* (new date)
Feb.
0.4%
0.9%
9:45 am
Markit manufacturing PMI (final)
March
--
52.5
10 am
ISM manufacturing index
March
54.6%
54.2%
10 am
Construction spending
Feb.
-0.1%
1.3%
10 am
Business inventories* (new date)
Jan.
--
0.6%
TUESDAY, APRIL 2 8:30 am
Durable goods orders* (new date)
Feb.
-2.0%
0.3%
8:30 am
Core capex orders* (new date)
Feb.
--
0.8%
Varies
Motor vehicle sales
March
16.8mln
16.6mln
WEDNESDAY, APRIL 3 9:45 am Markit manufacturing index flashreport 8:15 am ADP employment
Nov.
9:45 am
Nov.
Markit services index flash
-March --
55.7 --
183,000
54.8
9:45 am
Markit services PMI (final)
March
--
54.8
10 am
ISM nonmanufacturing index
March
58.3%
59.7%
3/30
--
--
THURSDAY, APRIL 4 8:30 am
Weekly jobless claims
FRIDAY, APRIL 5 8:30 am
Nonfarm payrolls
March
173,000
20,000
8:30 am
Unemployment rate
March
3.8%
3.8%
8:30 am
Average hourly earnings
March
0.2%
0.4%
3 pm
Consumer credit
Feb.
--
$17 bln
*DELAYED BY GOVERNMENT SHUTDOWN
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Special Report
03–APR -2019
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Sachi n Yadav
Digitally signed by Sachin Yadav DN: cn=Sachin Yadav c=IN o=Personal Reason: I am the author of this document Location: Date: 2019-04-03 09:26+05:30
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