Special Report
06–MAR-2019
Global markets at a glance Wall Street’s main indexes dipped in a choppy session on Tuesday as a drop in General Electric shares countered positive retailer earnings and investors eyed a key resistance level for the benchmark S&P 500 after the market’s strong run.The Dow Jones Industrial Average fell 13.02 points, or 0.05 percent, to 25,806.63, the S&P 500 lost 3.16 points, or 0.11 percent, to 2,789.65 and the Nasdaq Composite dropped 1.21 points, or 0.02 percent, to 7,576.36. Asian stocks clung to tight ranges on Wednesday, as investors awaited fresh directional cues from US-China trade negotiations and a weaker Wall Street finish capped broader gains, while robust US economic data supported the dollar.MSCI’s broadest index of Asia-Pacific shares outside Japan was barely changed. Australian stocks added 0.2 percent while Japan’s Nikkei declined 0.5 percent.Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 29.5 points or 0.27 percent. Nifty futures were trading around 11,062-level on the Singaporean Exchange. PREVIOUS DAY ROUNDOFF Indian equity markets traded with a positive bias throughout the day, with all major indices trading in the green. The Nifty 100 Midcap index outperformed the benchmark index by 1% as across-the-board buying was witnessed in today's session.PSU Banks were among the top outperformers with OBC & BOB gaining ~12% & ~7%, respectively, along with the addition of fresh open interest which hinted a formation of long positions.Open positions in Reliance Power & Arvind Ltd surged by ~53%/~43%, respectively, along with a sharp surge in the underlying prices, indicating continued upward momentum going into the next week.
World Indices Index
Value
% Change
DJI
25762
-0.25
S&P500
2789
-0.11
NASDAQ
7576
-0.02
FTSE100
7183
+0.69
21586 29043
-0.65 +0.28
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
739.95
68.05
10.13
21,505.40 1,556.75
7.8
Indiabulls Hsg Eicher Motors Tata Motors
194.05
13.75
7.63
HPCL
246.75
14.05
6.04
BPCL
362.5
16.45
4.75
CMP
Change
% Chg
363.6 810 732.5 1,724.60 548.65
-12.1 -21.8 -9.4 -10.05 -2.9
-3.22 -2.62 -1.27 -0.58 -0.53
Top Losers Company
Wipro Tech Mahindra Infosys HUL Cipla
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
Index stats
Symbol
The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[+88.25pts], Consumption[+56.25pts],PSE[+102.25pts],CPSE [+75.60pts],Energy[+250.75pts],FMCG[+184.30pts],Auto [+262.95pts],Pharma[+82pts],IT[ -184.20pts],Metal [+77.50pts],Realty[+4.60ts], Fin Serv sector[+192.40 pts].
ARROWGREEN
ANUP ASTEC BANARBEADS BIL
Indian Indices Company
NIFTY SENSEX
CMP
Change
% Chg
10987.5
+124
+1.14
36442
+378
+1.05
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Special Report
06–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 180 Sl 172
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 450 target 455/460 Sl 440 .
2. AXIS BANK [FUTURE]
MACRO NEWS
AXIS BANK— In last trading session seen buying in axis bank along with strong volume & Open interest .On technical point of view Stock is trading near to its previous high .RSI & MACD both indicate stock may in uptrend.Our recommendation is to Buy stock future 735-737 Target 740745 Sl 728 .
China sought to shore up its slowing economy through billions of dollars in planned tax cuts and infrastructure spending, with economic growth at its weakest in almost 30 years due to softer domestic demand and a trade war with the United States.The government is targeting economic growth of 6.0 to 6.5% in 2019, Premier Li Keqiang said at Tuesday's opening of the annual meeting of China's parliament, less than the 6.6 percent gross domestic product growth reported last year.
Oil prices fell more than 0.5 percent on Wednesday as bullish output forecasts by two big US producers outweighed recent OPEC-led efforts to rein in crude production. US West Texas Intermediate (WTI) crude futures were at $56.15 per barrel, down 41 cents, or 0.7 percent. WTI futures closed little changed on Tuesday.
The US Federal Reserve is considering imposing stricter rules on foreign bank branches to tighten what critics say is a loophole that has allowed overseas lenders to shield assets from the toughest US bank rules, three people with Reuters.
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Special Report
06–MAR-2019
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
Open Interest
BANKNIFTY
CE
27,500 137.25
6,63,672
3,67,240
BANKNIFTY
CE
27,400
201
BANKNIFTY
CE
27,300
281
TATAMOTORS CE
200
6.15
TATAMOTORS CE
210
3.15
CE
1,240
35
TATAMOTORS CE
190
10.9
TATAMOTORS CE
220
1.55
RELIANCE
MARUTIACTIVE PUT CE OPTION 9,000 111.5 MOST
Quick Heal Technologies: Board approved a proposal to 2,02,080 buyback up to 63,63,636 equity shares of the company, 5,52,552 1,90,840 being 9.02 percent of the total paid up equity, for an aggregate amount not exceeding Rs 175 crore, at a price 10,227 31,06,000 of Rs 275 per share. 6,056 17,14,000 NIFTY FUTURE NIFTY -On daily weekly chart we have 5,308 10,43,000 identify that Head & Shoulder pattern is forming at the 5,207 18,64,000 top . Head & shoulder & for a short term forming Broading wedge pattern in technical term bearish 5,048 16,60,000 reversal pattern .On Tuesday trading session we have seen buying in market in each segment & sector i.e Large 5,823 2,83,500 Cap, Medium & Small Cap .Nifty gets support of 100 Traded Open DEMA & 200 DEMA.Our recommendation is to Buy nifty Volume Interest future in the range of 11010 –10040 Target will be 11080 (Contracts) -11100 Sl below 10970. RSI & MACD both indicator 5,45,581 10,10,060 indicate nifty on upper side. Its very important resistence on upper side, previsous high made few week ago 3,81,842 4,78,900 around 11130. 3,61,254 5,64,120 6,40,771
Symbol
Optio Strike n Price Type
BANKNIFTY
PE
27,000
29
BANKNIFTY
PE
26,900
24.5
BANKNIFTY
PE
27,100
33
TATAMOTORS PE
180
3.15
4,895
21,26,000
PE
1,200
14.4
4,079
7,24,000
TATAMOTORS PE
190
6.2
4,059
18,02,000
RELIANCE
LTP
Bosch: Company announced an extinguishment of equity shares with respect to the buyback of 10,27,100 fully paid-up equity shares of face value of Rs 10 each.
RELIANCE
PE
1,220 20.75
3,457
5,45,000
LT
PE
1,280 17.35
2,957
8,52,000
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
38016
2787.77
37837
2643.84
203860
15943.53
143.936
INDEX OPTIONS
2099425
128818.95
2091074
128337.31
669229
50345.11
481.637
STOCK FUTURES
221695
12628.59
211268
12069.10
1408858
87243.62
559.4813
STOCK OPTIONS
121026
6996.31
121347
6991.31
83111
4873.08
4.9982 1190.0525
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
11111
11049
10933
10871
10755
BANKNIFTY
27987
27770
27364
27147
26741
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Special Report
06–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 Oil fell towards $65 a barrel on Tuesday, pressured by the restart of Libya's biggest oilfield and on expectations for an increase in U.S. crude inventories.Some wells at Libya's El Sharara oilfield have restarted and the aim is to reach initial output of 80,000 barrels per day, a field engineer said on Tuesday. The field had been closed since December. crude LCOc1 , the international benchmark, fell 62 cents to $65.05 a barrel as of 0930 GMT. U.S. West Texas Intermediate crude CLc1 slipped 44 cents to $56.15."The main development has been the restart of El Sharara," said Olivier Jakob, analyst at Petromatrix. "It's a new input which is on the bearish side."Oil also slipped on forecasts that the latest round of U.S. inventory reports will show rising crude stockpiles. Six analysts polled by Reuters estimated, on average, that crude stocks rose 400,000 barrels in the week to March 1.The first supply report is due at 2130 GMT from the American Petroleum Institute (API), an industry group, followed by the government's official figures on Wednesday. API/SConcern about a slowdown in oil demand growth, especially in Europe and Asia, has weighed on prices. Still, Brent has risen 20 percent this year due to supply curbs led by the Organization of the Petroleum Exporting Countries.China's government said it is targeting economic growth of 6.0 to 6.5 percent in 2019, less than 6.6 percent growth reported last year. That raises the prospect of slowing fuel demand in the world's second-largest consumer. Gold prices were steady on Tuesday, trading near five-week lows touched in the previous session, as a firmer dollar and optimism over a likely U.S.-China trade deal dented safehaven appeal of the precious metal.Spot gold XAU= was down 0.1 percent to $1,285.51 per ounce as of 0719 GMT, after slipping to $1,282.50 in the previous session, its lowest since Jan. 25.U.S. gold futures GCv1 were flat at $1,287.50 per ounce.The dollar, against a group of six major currencies .DXY , was trading close to its two-week high of 96.816 posted in the previous session. USD/"People are more comfortable in moving out of safe-haven assets and gold is coming under pressure from that," said Jeffrey Halley, Senior Market Analyst at OANDA."A lot of money was parked in gold at the start of the year, waiting for clarity on tariffs. Now that we are seeing little bit of optimism on the tariffs that is sort of undermining pillars for buying gold," Halley said, adding that if yields continued to rise, that would further pressure gold.
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Special Report
06–MAR-2019
RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM MARCH ABOVE 8400 TGT 8415/8440/8460 SL BELOW 8340 SELL GUARGUM MARCH BELOW 8280 TGT 8265/8250/8220 SL ABOVE 8340
NCDEX INDICES Index
Value
% Change
Castor Seed Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT
5248 4107 6201 1937 4175
-0.99 -0.15 -0.5 1.42 -0.79
15565
0.26
3842 3649 6314
-0.86 0.93 0.48
Jeera Mustardseed Soy Bean Turmeric
DHANIYA TRADING STRATEGY: BUY DHANIYA APRIL ABOVE 6190 TGT 6205/6225/6250 SL BELOW 6140 SELL DHANIYA APRIL BELOW 6150 TGT 6135/6120/6090 SL ABOVE 6210
Cumin seed (jeera) production in India is estimated to reach 4,16,000 tonnes in 2019, about 9% higher than the previous year, supported by a sharp jump in production in Rajasthan. According to the latest crop estimates released by the Federation of Indian Spice Stakeholders (FISS) and Agriculture Produce Market Committee, Unjha, jeera production in Gujarat is likely to dip to the tune of 3% to 1,66,640 tonnes. The dip in Gujarat will get compensated by a sharp jump in production in Rajasthan at 2,49,960 tonnes, about 20% higher than in the previous year. The area under jeera increased by 19% in Rajasthan to 506,000 hectares, from 425,000 hectares last year with improved yield at 494 kg per hectare, up from 489 kg last year.For Gujarat, the jeera area saw a marginal dip of 5% at 315,000 hectares, as compared to 332,000 hectares last year. The yield in the State is expected to be 2% higher at 529 kg per hectare, as against 520 kg last year. The government has urged rice exporters to conform to the pesticides standards of the European Union for shipments to the bloc, Iceland, Liechtenstein, Norway and Switzerland. The European Commission had reduced maximum residues level for Tricyclazole to 0.01 parts per million (ppm) from 1 ppm for all crops effective January 1, 2018. Import of any agricultural product with a higher reading would not be permitted in the EU.Tricyclazole is a fungicide used by farmers, particularly in basmati varieties PB1 and Pusa 1401, which have the highest share in the export basket to European Union. The government has urged rice exporters to conform to the pesticides standards of the European Union for shipments to the bloc, Iceland, to 0.01 parts per million (ppm) from 1 ppm for all crops efLiechtenstein, Norway and Switzerland.The European Commission had reduced maximum residues level for Tricyclazole fective January 1, 2018.
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Special Report
06–MAR-2019
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
70.6950 Yen
63.2775
Euro
80.2550 GBP
93.17
USD/INR TRADING STRATEGY: USD/INR BUY USDINR ABOVE 70.75 TGT 70.85/70.95 SL BELOW 70.55 SELL USDINR BELOW 70.50 TGT 70.4/70.3 SL ABOVE 70.7
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
06–MAR-2019
Date
Commodity/ Currency Pairs
05/03/19
NCDEX DHANIYA
APR
BUY
6340
05/03/19
NCDEX DHANIYA
APR
Sell
05/03/19
NCDEX GUARGUM5
MAR
05/03/19
NCDEX GUARGUM5
05/03/19
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
05/03/19
MCX GOLD
MAR
SELL
32900
32800/32800
33
TARGET
05/03/19
MCX SILVER
MAR
BUY
40700
40750/40800
40500
NOT EXECUTED
05/03/19
MCX SILVER
MAR
SELL
40400
40300/40200
40600
NOT EXECUTED
Entry Level
Target
Stop Loss
Remark
Target
Date
Scrip
CASH/ FUTURE/ Strategy OPTION
05/03/19
NIFTY
FUTURE
SELL
10800
10750/10700
10900
TARGET
05/03/19
Vedanta
FUTURE
BUY
175-178
185/188
165
Open
05/03/19
KSCL
FUTURE
SELL
410
405/400
420
SL HIT
05/03/19
REPOHOME
CASH
BUY
325
330/335
315
TARGET
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Special Report
06–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
06–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: 2019-03-06 09:24+05:30
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