Special Report
05–MAR-2019
Global markets at a glance
World Indices
Wall Street’s major indexes fell on Monday, weighed down by a weak US construction spending report and declines in healthcare shares, as an initial rally on optimism over a USChina trade deal faded.The Dow Jones Industrial Average fell 206.67 points, or 0.79 percent, to 25,819.65, the S&P 500 lost 10.88 points, or 0.39 percent, to 2,792.81 and the Nasdaq Composite dropped 17.79 points, or 0.23 percent, to 7,577.57.
Index
Value
% Change
DJI
25791
-0.09
S&P500
2792
-0.39
NASDAQ
7577
-0.23
FTSE100
7134
+0.39
21693 28915
-0.59 -0.15
Asian shares stepped back on Tuesday after China cut its economic growth target and pledged measures to support the economy amid growing challenges from rising debt and a dispute over trade and technology with the United States.Australian shares dropped 0.6 percent while South Korea’s Kospi lost 0.5 percent. MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.2 percent and Japan’s Nikkei dropped 0.3 percent. China cut its growth target for this year to 6.0 to 6.5 percent, in line with expectations, from around 6.5 percent last year.Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 22.5 points or 0.21 percent. Nifty futures were trading around 10,825-level on the Singaporean Exchange
Top Gainers
NIKKEI HANG SENG Company
CMP
Change
% Chg
486.35
19.65
4.21
HPCL
232.7
9.35
4.19
Yes Bank
237.6
6.45
2.79
IndusInd Bank
1,514.10
40.25
2.73
Indiabulls Hsg
671.9
16.65
2.54
CMP
Change
% Chg
307.65 2,863.50 702.4 1,392.35 869.75
-10.4 -37.1 -7.15 -12.85 -7.85
-3.27 -1.28 -1.01 -0.91 -0.89
Zee Entertain
Top Losers Company Bharti Airtel Bajaj Auto Axis Bank
PREVIOUS DAY ROUNDOFF Indian equity markets are trading with a positive bias with all the major indices trading in green. The Nifty is up 51 points at 10,843, while Bank Nifty is up 240 points at 27,030.Nifty and Bank Nifty futures have added fresh long positions in the first half of today’s trade. Across the board buying was seen in major midcap heavyweights with the Nifty Mid-cap index outperforming the benchmark index by ~0.8%. PSU Banking stocks also put up a strong show with Canara Bank, Indian Bank, & Allahabad Bank adding fresh open interest with a sharp surge in the underlying price, indicating a buildup of long positions. CG Power was the top Nifty500 gainer, up 13%. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[+43.85pts], Consumption[+19.55pts],PSE[+52.4pts],CPSE [+31.25pts],Energy[+39.25pts],FMCG[+202.05pts],Auto [+58.5pts],Pharma[+87.8pts],IT[+116.30pts],Metal [+51.10pts],Realty[+0.10ts], Fin Serv sector[+80.75pts].
Asian Paints UPL
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
AAVAS
1,085.00
65.85
6.56
472.5
22.5
5
2,049.00
-50.4
-2.48
136.75
3.75
2.86
1.7
0.05
3.03
Prev. Close
Change
%Chg
450
22.5
5
73
3.4
4.63
443.95 37.65 199
17.7 -1.3 -0.05
3.52 -3.06 -0.02
ANUP ASTRAZEN BALRAMCHIN BILENERGY
Stocks at 52 Week’s LOW Symbol
ANUP ARROWGREEN ASTEC BANARBEADS BIL
Indian Indices Company
CMP
Change
% Chg
NIFTY
10863
+71
+0.66
SENSEX
36063
+196
+0.55
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Special Report
05–MAR-2019
RECOMMENDATIONS [FUTURE]
STOCK RECOMMENDATION [CASH]
1. Vedanta [FUTURE ]
REPCOHOME
Vedanta — In vendanta we have seen that hammer formation on weekly chart . In last two weeks strong buying force seen in metal & energy stock. On technical point of view stock is near to its resistence level , it may posssible resistence will be breakout in upcoming week . Our recommendation is to Buy stock future 175-178 Target 185190 Sl 165
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 355 target 360/365 Sl 345 .
2. KSCL [FUTURE]
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.
KSCL— In KSCL we have seen sharp selling in this week , we may expect that it will be continue in upcoming week also. On Technical point of view seen trend line breakdown & also stock not able to sustain at upper level. RSI & MACD also indicate downtrend in this stock with strong volume.Our recommendation is sell stock future in the range of 410 Target 405/400 Sl 420
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Special Report
05–MAR-2019
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
Open Interest
BANKNIFTY
CE
27,200 111.05
2,83,014
2,85,620
BANKNIFTY
CE
27,300
70
2,03,167
BANKNIFTY
CE
27,000
223
1,82,881
TATAMOTORS CE
190
4.3
4,579
YESBANK
CE
240
13.3
4,526
MARUTI
CE
7,200
97.9
4,263
YESBANK
CE
250
9.15
4,252
TATAMOTORS CE
200
2.15
4,223
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST Symbol
Optio Strike n Price Type
BANKNIFTY
PE
BANKNIFTY
Vascon Engineers: Company received work order amounting to Rs 83.52 crore from Airport Authority of India.
GE T&D has voluntarily delisted the equity shares of the 3,39,360 company from The Calcutta Stock Exchange Limited 2,88,060 w.e.f. February 21, 2019 20,06,000 NIFTY FUTURE NIFTY -On daily weekly chart we have 47,12,750 identify that Head & Shoulder pattern is forming at the top . Head & shoulder & for a short term forming 1,17,375 Raising wedge pattern in technical term bearish reversal 29,82,000 pattern .Nifty breach the important level of 11000 in this week ,but closing below 11000 .On technical point of 24,78,000 view still our recommendation is to sell nifty future in the range of 10800 Target 10750/10700 SL 10900 Our 2,83,500 strategy is to sell on rise .
LTP
Traded Volume (Contracts)
Open Interest
26,800
82
2,01,194
3,95,320
PE
27,000
142
1,89,472
4,39,460
BANKNIFTY
PE
26,500
42
1,63,672
4,11,660
RELIANCE
PE
1,200 19.65
3,468
5,71,000
TCS
PE
1,950
30.6
3,282
1,92,250
MARUTI
PE
6,500
54
3,146
35,625
RELIANCE
PE
1,220 27.05
3,074
4,05,500
TCS
PE
1,900 17.95
2,897
3,40,250
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
24994
1787.49
22454
1617.53
196731
15336.29
169.9632
INDEX OPTIONS
851634
53779.44
824605
51947.01
634868
47287.52
1832.4286
STOCK FUTURES
190925
10678.02
193878
10818.13
1398613
85241.99
-140.1101
STOCK OPTIONS
100313
5655.41
92497
5154.01
62372
3623.37
501.397 2363.6787
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
10909
10886
10854
10831
10800
BANKNIFTY
27164
27104
27016
26956
26868
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Special Report
05–MAR-2019
RECOMMENDATIONS GOLD TRADING STRATEGY: GOLD BUY ABOVE 33300 Target 33350 /33370 Sl 33250 GOLD SELL BELOW 33250 Target 33210 /33180 Sl 33320
SILVER TRADING STRATEGY: Silver Buy Above 40300 Target 40340 /40380 Sl 40260 Silver Sell Below 40200 Target 40150 /40100 Sl 40300
COMMODITY ROUNDUP Gold prices edged up on Monday as the dollar fell against the yuan after U.S. President Donald Trump said he would delay an increase in tariffs on Chinese goods, while palladium surged to a record high.A strong yuan makes bullion cheaper for world's leading consumer- China.The offshore yuan strengthened 0.2 percent to 6.689 yuan CNH= against the dollar, after hitting its highest level since midJuly. USD/Trump said on Sunday that he would delay an increase in tariffs on Chinese goods that had been scheduled for later this week, citing "substantial progress" in Sino-U.S. trade talks over the weekend, and that he and his Chinese counterpart would meet to seal a deal if progress continued. gold XAU= rose 0.2 percent to $1,330.26 per ounce at 0655 GMT. U.S. gold futures GCv1 were steady at $1,332.70.Trump's extension of tariff deadline has weakened the dollar, driving gold up, said Jeffrey Halley, senior market analyst, OANDA."Gold, as it moves into the European and New York trading session, might come under pressure from the stock market," Halley said, adding that there won't be any sustained downward pressure until there is more information on the trade deal. Indonesia's palm oil output likely eased in January from a month earlier, in line with the vegetable oil's production cycle, while exports were expected to have picked up slightly, according to a Reuters survey.Palm oil output in top producer Indonesia declined 7.7 percent to 3.60 million tonnes from 3.90 million tonnes a month earlier, according to the median results of a survey of two palm oil groups and a state palm research firm.Production of the tropical oil typically falls during the first quarter of the year.Exports were estimated at 3.04 million tonnes in January, compared with 2.90 million tonnes in December.India, Indonesia's top palm buyer, cut import taxes on crude and refined palm oil from January, easing pressure on shipments. However, Indonesian palm oil is still taxed at a higher rate compared to Malaysian oil.Indonesia on Saturday offered to open up its market for India's sugar in exchange for a lower palm oil tax. the domestic use of palm oil was estimated at 1.18 million tonnes in January, compared with 1.38 million tonnes a month earlier. By the end of January, palm oil stocks were estimated to have eased to 2.85 million tonnes from 3.43 million tonnes a month ago, according to the survey.
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Special Report
05–MAR-2019
RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM MARCH ABOVE 8400 TGT 8500/8600 SL BELOW 8270 SELL GUARGUM MARCH BELOW 8250 TGT 8150/8050 SL ABOVE 8370
DHANIYA TRADING STRATEGY: BUY DHANIYA APRIL ABOVE 6220 TGT 6260/6310 SL BELOW 6170 SELL DHANIYA APRIL BELOW 6130 TGT 6080/6030 SL ABOVE 6200
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
Global liquid fuels production was expected to exceed global consumption through 2020, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook.EIA forecast that higher U.S. crude oil production growth and slightly lower global oil consumption will offset the short-term supply reductions. As a result, global petroleum liquids stocks increase and prices remain relatively flat.According to EIA's February Short-Term Energy Outlook (STEO), global liquid fuels inventories grew by an estimated 0.5 million barrels per day (b/d) in 2018, and will grow by 0.4 million b/d in 2019 and by 0.6 million b/d in 2020.EIA expected U.S. crude oil production to average 12.4 million b/d in 2019 and 13.2 million b/d in 2020, with most of the growth from the Permian region of the state of Texas and New Mexico. When it comes to oil prices, EIA forecast Brent spot prices will average 61 U.S. dollars per barrel in 2019 and 62 dollars per barrel in 2020, compared with an average of 71 dollars per barrel in 2018.EIA expected that West Texas Intermediate (WTI) crude oil prices will average 8 dollars per barrel lower than Brent prices in the first quarter of 2019 before the discount gradually falls to 4 dollars per barrel in the fourth quarter of 2019 and through 2020. India's natural rubber imports in January declined 4.8% from a year earlier to 39,997 tonnes, the state-run Rubber Board said, as local consumption fell due to weak demand from tyre makers.The country's production last month eased 1.4 percent from a year ago to 72,000 tonnes, while consumption dropped 2.4 percent to 97,000 tonnes, the board said.India's imports between April to January jumped more than 30 percent from a year ago to 489,085 tonnes, it said.
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Special Report
05–MAR-2019
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
71.1675 Yen
63.81
Euro
81.0875 GBP
94.38
USD/INR TRADING STRATEGY: USD/INR BUY USDINR ABOVE 71.20 TGT 71.30/71.40 SL BELOW 71 SELL USDINR BELOW 71TGT 70.9/70.8 SL ABOVE 71.20
GBP/INR TRADING STRATEGY: BUY GBPINR ABOVE 94.4 TGT 94.5/94.6 SL BELOW 94.2 SELL GBPINR BELOW 94 TGT 93.9/93.8 SL ABOVE 94.2
The Australian dollar and the Chinese yuan inched up on hopes Washington and Beijing were close to a trade deal after a bitter year-long tariff dispute.Fuelling such expectations was a report from the Wall Street Journal on Sunday that said the United States and China could reach a formal agreement at a summit around March 27 given progress in talks between the two countries. Aussie gained as much as 0.57 percent to $0.7118, before giving up some of its gains to $0.7085 AUD=D4 following soft business inventories and declines in job advertisements and dwelling approvals. data was seen as pointing to a weak reading in Australian GDP data due on Wednesday, prompted speculators to create new short positions," said Yukio Ishizuki, senior strategist at Daiwa Securities.But Ishizuki also said markets had gone too far in pricing in a downturn in the Australian economy."Interest rate futures are now pricing in a rate cut this year but the economy could turn out to be stronger than expected given recent strength in commodity prices. I'd bet the Aussie could easily rise to around $0.73-74," he said.The Reserve Bank of Australia will hold its policy meeting on Tuesday.The Chinese yuan ticked up 0.20 percent to 6.7030 to the dollar in offshore trade CNH= , edging near its 7-1/2-month high of 6.6737 hit last week.The yuan has been supported since late last month after Washington delayed its self-imposed March 1 deadline for raising tariffs on $200 billion worth of Chinese imports, citing progress in its trade talks with Beijing. 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.) .
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Special Report
05–MAR-2019
Date
Commodity/ Currency Pairs
01/03/19
NCDEX DHANIYA
APR
BUY
6340
01/03/19
NCDEX DHANIYA
APR
Sell
01/03/19
NCDEX GUARGUM5
MAR
01/03/19
NCDEX GUARGUM5
01/03/19
Contract Strategy
Entry Level
Stop Loss
Remark
6355/6370/64 00
6280
NOT EXECUTED
6250
6235/6220/61 90
6310
TARGET
BUY
8200
8215/8240/82 60
8260
TARGET
MAR
SELL
8150
8135/8120/80 80
8210
TARGET
MCX GOLD
MAR
BUY
33350
33400/33475
33250
NOT EXECUTED
01/03/19
MCX GOLD
MAR
SELL
32900
32800/32800
33
TARGET
01/03/19
MCX SILVER
MAR
BUY
40700
40750/40800
40500
NOT EXECUTED
01/03/19
MCX SILVER
MAR
SELL
40400
40300/40200
40600
NOT EXECUTED
Entry Level
Target
Stop Loss
Remark
Target
Date
Scrip
CASH/ FUTURE/ Strategy OPTION
01/03/19
NIFTY
FUTURE
SELL
10800
10750/10700
10900
TARGET
01/03/19
TITAN
FUTURE
BUY
1040
1045/1050
1030
TARGET
01/03/19
KSCL
FUTURE
SELL
410
405/400
420
TARGET
01/03/19
REPOHOME
CASH
BUY
325
330/335
315
TARGET
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Special Report
05–MAR-2019
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS
PERI ACTUAL OD
TIME (ET) REPORT
FORECAST
PREVIOUS
THE GOVERNMENT SHUTDOWN WILL DELAY THE RELEASE OF SOME DATA THIS WEEK. MONDAY, MARCH 4 10 am
Construction spending* (new date)
Dec.
0.3%
0.8%
TUESDAY, MARCH 5 9:45 am
Markit services PMI (final)
Feb.
--
56.2
10 am
New home sales* (new date)
Dec.
576,000
657,000
10 am
ISM nonmanufacturing index
Feb.
57.4%
56.7%
2 pm
Federal budget* (new date)
Jan.
--
$49 bln
WEDNESDAY, MARCH 6 8:15 am
ADP employment
Feb.
--
213,000
8:30 am
Trade balance* (new date)
Dec.
-$57.8 bln
-$49.3bln
10 am
Factory orders*
Jan.
2 pm
Beige Book
DELAYED
THURSDAY, MARCH 7 9:45 am
Markit manufacturing index flash
Nov.
9:45 am
Markit services index flash
Nov.
3/2
--
Weekly jobless claims
8:30 am
Productivity* (full report)
Q4
1.7%
2.2% (Q3)
8:30 am
Unit labor costs* (full report)
Q4
1.6%
0.9% (Q3)
8:30 am
Trade balance*
Jan.
3 pm
Consumer credit
Jan.
--
$17 bln
--
224,000
55.7
8:30 am
54.8
225,000
DELAYED
FRIDAY, MARCH 8 8:30 am
Nonfarm payrolls
Feb.
180,000
304,000
8:30 am
Unemployment rate
Feb.
3.9%
4.0%
8:30 am
Average hourly earnings
Feb.
0.3%
0.1%
8:30 am
Housing starts* (new date)
Jan.
1.222mln
1.078mln
10 am
Wholesale inventories*
Jan.
DELAYED
*DELAYED BY GOVERNMENT SHUTDOWN _____________________________________________________________________________________________________________________
Special Report
05–MAR-2019
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Sachin Yadav
Digitally signed by Sachin Yadav DN: cn=Sachin Yadav c=IN o=Personal Reason: I am the author of this document Location: Date: 2019-03-05 09:17+05:30
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