Special report-08-feb-2019-epic-research

Page 1

Special Report

08-FEB-2019

Global markets at a glance

World Indices

Wall Street stocks sank on Thursday as worries that the United States and China would not be able to reach a trade deal increased concerns about slowing global economic growth.The Dow Jones Industrial Average fell 220.77 points, or 0.87 percent, to 25,169.53, the S&P 500 lost 25.56 points, or 0.94 percent, to 2,706.05 and the Nasdaq Composite dropped 86.93 points, or 1.18 percent, to 7,288.35.

Index

Value

% Change

DJI

25286

-0.16

S&P500

2731

-0.22

NASDAQ

7375

-0.36

FTSE100

7173

-0.06

20868 27990

-0.08 +0.21

Asian stocks slipped on Friday as investors fretted about a broadening global economic slowdown, with sentiment not helped by the absence of any positive signs for a resolution in the US-China trade row.MSCI’s broadest index of AsiaPacific shares outside Japan shed 0.3 percent, easing back from a four-month peak touched the previous day. The index stood little changed on the week. Japan’s Nikkei fell 1.2 percent.Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 32.5 points or 0.29 percent. Nifty futures were trading around 11,062level on the Singaporean Exchange.

Top Gainers

PREVIOUS DAY ROUNDOFF Indian equity market witnessed a volatile trading session with benchmark indices ending marginally in the red after a stellar rally on Wednesday.The Nifty ended the day 6 points higher at 11,069 while Bank Nifty ended the weekly expiry at 27,387, down 15 points on account of profitbooking in the second half of the session.Among the sectoral indices, Nifty Media and Auto were the top performers and gained 2.52% and 1.98%, respectively. On the options front, short positions were built in out-ofthe-money call option strikes with 11300CE and 11400CE witnessing an addition of ~3.33 lakh shares and ~4.35 lakh shares, respectively.

NIKKEI HANG SENG Company

CMP

Change

% Chg

Zee Entertain

408.75

20.75

5.35

Sun Pharma

434.9

18.3

4.39

Eicher Motors

21,904.20

799.95

3.79

Bharti Infratel

305.85

9.5

3.21

2,853.60

83.45

3.01

CMP

Change

% Chg

273.1 1,290.40 1,296.05 184.6 209.2

-6.2 -19.85 -18.35 -2.2 -2.2

-2.22 -1.51 -1.4 -1.18 -1.04

Bajaj Auto

Top Losers Company

JSW Steel Reliance Larsen Power Grid Corp Hindalco

Stocks at 52 Week’s HIGH Symbol

Prev. Close

Change

%Chg

1,210.50

-7.25

-0.6

172.7

17.4

11.79

300

-2.05

-0.7

DALBHARAT

1,124.95

74.8

7.12

DIVISLAB

1,675.00

13.65

0.83

Prev. Close

Change

%Chg

20.25

-0.4

-1.94

BATAINDIA CANTABIL CHALET

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[+6.55pts], Consumption[+45.95pts],PSE[+14.05pts],CPSE [+18.25pts],Energy[-169.05pts],FMCG[+237.30pts],Auto [+169.30pts],Pharma[+149.25Pts],IT[+30.25pts],Metal [+2.85pts],Realty[-0.15pts], Fin Serv sector[-3.65pts].

3IINFOTECH

2.95

-0.05

-1.61

ABGSHIP ADHUNIK ADLABS

1.65 1.65 8

-0.05 -0.05 0.05

-2.94 -2.94 0.63

21STCENMGM

Indian Indices Company

CMP

Change

% Chg

NIFTY

11069

+6.90

+0.06

SENSEX

36971

-4.14

-0.01

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Special Report

08-FEB-2019

RECOMMENDATIONS [FUTURE]

STOCK RECOMMENDATION [CASH]

1. Titan [FUTURE ] TITAN -In Titan on daily chart as well as weekly we have seen that Buying in this stock by traders as well as investors in last week .Reason behind that quarterly result awaited in this week & also from technical aspect stock now moving towards to break its previous highs.Our recommendation is to Buy 1070 stock target will be 1075/1085 SL below 1060

REPCOHOME Stock has given the breakout of the neckline of the double bottom pattern but can not sustain at upper level .we have seen the weakness on chart We recommend sell below 375 for the target of 370/365 with the stop loss of 385

2. MCDOWNLL –N [FUTURE] MCDOWELL-N – Daily chart of MCDOWELL-N looking good in future .We have seen the stock move towards to breck its resistence level & . Our recommendation is to buy the stock MACRO NEWS future from 580 Target will be 585/590 SL 570. RSI & MACD also showing that uptrend . Traders are bullish in this stock.  Oil markets dipped on Friday, dragged down by concerns over a global economic slowdown although supply cuts led by producer club OPEC and USsanctions against Venezuela provided crude with some support.US West Texas Intermediate (WTI) crude futures were at $52.47 per barrel at 0123 GMT, down 17 cents, or 0.3 percent, from their last settlement. WTIdropped by around 2.5 percent the previous session. International Brent crude oil futures were down by 12 cents, or 0.2 percent, at $61.51 per barrel after falling 1.7 percent the previous session. 

The rupee on Thursday appreciated by 11 paise to close at 71.45 against the US dollar after the Reserve Bank of India cut the repo rate and changed its policy stance to 'neutral'. Forex traders said the domestic currency gained strength after the Reserve Bank of India Thursday cut benchmark lending rate by 0.25 percentage point to 6.25 percent.

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Special Report

08-FEB-2019

STOCKS IN NEWS

MOST ACTIVE CALL OPTION Symbol

Optio Strike n Price Type

LTP

Traded Volume (Contracts)

Open Interest

BANKNIFTY

CE

27,600

0.05 32,08,247

19,34,320

BANKNIFTY

CE

27,500

0.05 30,23,579

14,18,240 crore versus Rs 1,001.91 crore YoY.

BANKNIFTY

CE

27,700

0.05 22,03,432

RELIANCE

CE

1,320 23.55

7,569

RELIANCE

CE

1,340

17

7,344

13,29,320 Novartis India Q3: Profit dips to Rs 12.87 crore versus Rs 9,81,500 18.74 crore; revenue falls to Rs 135.62 crore versus Rs 156.1 crore YoY. 6,90,000

RELIANCE

CE

1,360 11.75

5,921

MARUTI

CE

7,300

165

5,226

TATAMOTORS CE

200

2.85

4,993

MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST Symbol

Optio Strike n Price Type

BANKNIFTY

PE

BANKNIFTY

Balrampur Chini Mills Q3: Profit jumps to Rs 120.32 crore versus Rs 61.42 crore; revenue falls to Rs 940.91

6,16,500 NIFTY FUTURE NIFTY -On daily weekly chart we have 67,500 identify that Head & Shoulder pattern is forming at the top . Head & shoulder & for a short term forming 47,58,000 Raising wedge pattern in technical term bearish reversal pattern .Nifty ,in last trading session cross the important 2,83,500 resistense level of 11000 with the good volume .Now we Open expect that nifty may move towards 11100-11130 level. Interest Buy nifty future 11100 Target 11130-11175 sl 11000 .

LTP

Traded Volume (Contracts)

27,400

2

30,35,791

7,49,460

PE

27,300

0.05

23,88,285

14,68,240

BANKNIFTY

PE

27,500

110

17,66,448

90,440

RELIANCE

PE

1,300 37.75

7,044

5,45,500

RELIANCE

PE

1,280

27.9

6,775

5,99,000

RELIANCE

PE

1,260

20.6

6,107

8,08,000

RELIANCE

PE

1,240

15.2

4,082

6,91,000

TATAMOTORS PE

180

6.7

3,198

14,34,000

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

43125

3204.07

30814

2204.86

343899

27706.44

999.2021

INDEX OPTIONS

3310075

189036.43

3288093

187862.77

762536

59436.36

1173.6649

STOCK FUTURES

201233

11508.87

191959

11035.46

1465702

88649.76

473.4082

STOCK OPTIONS

133768

8029.33

131979

7944.23

119853

7183.67

85.0916 2731.3668

INDICES

R2

R1

PIVOT

S1

S2

NIFTY

11151

11110

11077

11035

11002

BANKNIFTY

27700

27543

27433

27276

27166

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Special Report

08-FEB-2019

RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD ABOVE 33100 TGT 33150/33200 SL BELOW 32900 SELL GOLD BELOW 32900 TGT 32800/32800 SL ABOVE 33200

SILVER TRADING STRATEGY: BUY SILVER ABOVE 40700 TGT 40750/40800 SL BELOW 40550 SELL SILVER BELOW 40400 TGT 40300/40200 SL ABOVE 40600

COMMODITY ROUNDUP Gold prices on Wednesday declined marginally by Rs 25 to Rs 34,450 per 10 gram at the bullion market in the national capital on muted demand from jewellers, according to the All India Sarafa Association.Silver also slumped Rs 320 to Rs 41,380 per kg on subdued offtake from industrial units and coin makers.Traders attributed the decrease in the prices of the yellow metal to lackluster demand from local jewellers amid weak trend overseas.Globally, gold traded lower at USD 1,313.58 an ounce, while silver was also down at USD 15.75 an ounce in New York.In the national capital, gold of 99.9 per cent and 99.5 per cent purities dropped Rs 25 each to Rs 34,450 and Rs 34,300 per 10 gram, respectively. Sovereign gold, however, held steady at Rs 26,100 per piece of eight grams.Silver ready declined by Rs 320 to Rs 41,380 per kg, while weekly-based delivery witnessed a fall of Rs 322 to Rs 40,323 per kg. On the other hand, silver coins were flat at Rs 80,000 for buying and Rs 81,000 for selling of 100 pieces. Oil fell 1 percent on Wednesday after a report showed a rise in U.S. crude inventories, while concerns about the impact of U.S. sanctions on Venezuela on global supplies eased.U.S. crude inventories rose by 2.5 million barrels last week, the American Petroleum Institute said on Tuesday. The government's official supply report is due later on Wednesday. API/S EIA/S.Benchmark Brent crude LCOc1 had slipped 62 cents to $61.36 a barrel by 1000 GMT, after rallying about 15 percent in January. U.S. crude CLc1 was down 48 cents at $53.18."A bumper January for oil bulls is turning into a gloomy February as the supportive glow of Venezuela's deepening turmoil starts to fade," said Stephen Brennock of oil broker PVM.He said the API figures showing rising stocks "do little to silence the U.S. glut alarm bells."The U.S. announced sanctions on Venezuela's state oil company last week, a move that could curb supplies but the development has yet to push prices up steeply. would seem that the market is really not too worried yet about the potential loss of Venezuelan barrels," analysts at JBC Energy wrote. Concern about weaker global economic growth and the trade dispute between the United States and China have also weighed on sentiment Oil fell on Tuesday after a survey showed euro zone business expansion nearly stalled in January. President Donald Trump said in his State of the Union address that a trade deal with China was possible.

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Special Report

08-FEB-2019

RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM FEB ABOVE 8200 TARGET 8215/8240/8260 SL 8140 SELL GUARGUM FEB BELOW 8150 TARGET 8135/8120/8080 SL 8210

NCDEX INDICES Index

Value

% Change

Barley

1580

0.39

Castor Seed

5096

0.39

Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT

4229 6609 2049 4336

-1.18 -0.05 0.59 -0.09

15910

-0.38

3952 3826 6398

1.24 0.86 0.13

Jeera Mustardseed Soy Bean Turmeric

DHANIYA TRADING STRATEGY: BUY DHANIYA APR ABOVE 6340 TARGET 6355/6370/6400 SL 6280 SELL DHANIYA APR BELOW 6250 TARGET 6235/6220/6190 SL 6310

The government has allowed export of bio-fuels from special economic zones (SEZs) and export-oriented units (EoUs) with certain conditions, according to a notice of the directorate general of foreign trade.In August 2018, the government imposed restrictions on export of bio-fuels for non-fuel purposes.After this restriction, exporters operating from SEZs and EoUs made representations to remove this prohibition stating they only use imported material for export of final product.They also informed government authorities that SEZ units have been granted letter of approval for export of bio-fuels and EoU units have obligations to fulfil under an export promotion scheme. "Considering the hardship faced by the trade community and the fact that production of bio-fuels in EoU/SEZ would be from imported feedstock, therefore, it would not impact the domestic production/consumption. Hence, the restriction as applicable to DTA (domestic tariff area) may not be extended to EoU/SEZ," the DGFT notice said. SEZs and EoUs are export-oriented units outside the ambit of domestic customs laws."Members of trade and industry are informed that export of bio-fuels for non-fuel purposes from EoU/SEZ will be regulated" under certain rules of SEZs and foreign trade policy, it added.It said that the feedstock for production of bio-fuel for export from these areas should be from imported sources only . Unfavorable climatic conditions and water shortage coupled with a static growing area are set to blow India off its No. 1 position in Cotton production worldwide.As per the latest international reports, for the year 2018-19, India will lose its ‘top Cotton producer’ tag to China, which has shown improved yields with better farming practices.

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Special Report

08-FEB-2019

RBI Reference Rate Currency

Rate Currency

Rate

Rupee- $

71.5850 Yen

65.7175

Euro

81.2975 GBP

92.4275

USD/INR TRADING STRATEGY: USD/INR BUY USDINR FUTURE ABOVE 71. 65 TARGET 71.75 71.85 SL 71.45 SELL USDINR FUTURE BELOW 71.50 TARGET 71.40 71.30 SL 71.70

GBP/INR TRADING STRATEGY: BUY GBPINR FUTURE ABOVE 92.50 TARGET 92.6 92.7 SL 92.30 SELL GBPINR FUTURE BELOW 92.30 TARGET 92.2 92.1 SL 92.50

The euro fell on Thursday ahead of a European Central Bank meeting in which policymakers may express caution about slowing economic growth.The ECB is expected to reaffirm its plan to raise interest rates by the end of the year but traders will focus on how explicitly, if at all, the central bank acknowledges the slow-downThe euro has lost around 1.6 percent of its value over the last two weeks as investors bet the ECB will keep monetary policy accommodative for an extended period.If recent weakerthan-expected economic activity in Germany and France leads ECB President Mario Draghi to point to a potentially longer lasting slowdown, that could hurt the euro."We see a risk of modest dovish bias from Draghi today given the long stream of the soft euro zone data and look for the euro to test $1.1310," said ING FX strategist Petr Krpata.At 0830 the euro was down 0.2 percent at $1.1355 EUR=EBS .Germany, France and Italy, the euro zone's biggest economies, barely grew in the fourth quarter and French business activity fell unexpectedly this month, a survey showed on Thursday. ECB holds its first meeting of the year at a time when concerns are also growing about global trade tensions and Brexit.Sterling traded marginally lower at $1.3043, hovering near highs last seen in mid-November in a sign traders expect Britain to avoid a chaotic exit from the European Union.Some analysts expect limited upside for sterling. Philip Wee, currency strategist at DBS says that most of the gains in the pound are due to the unwinding of short positions. He sees sterling capped in the range of $1.3170-1.3240 The U.S. dollar pushed higher against a basket of its rivals on Thursday but gains were held in check amid concerns over global growth, the U.S. government shutdown and the ongoing U.S.-China trade war."Trade tensions are the most dominant factor for investor sentiment right now and will drive market flows," said Nick Twidale, chief operating officer at Rakuten Securities.Twidale added that investor risk appetite will only improve once concerns over the partial U.S. government shutdown and trade tensions fade.

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Special Report

08-FEB-2019

Date

Commodity/ Currency Pairs

07/2/19

NCDEX DHANIYA

APR

BUY

6340

07/2/19

NCDEX DHANIYA

APR

Sell

07/2/19

NCDEX GUARGUM5

FEB

07/2/19

NCDEX GUARGUM5

07/2/19

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

FEB

SELL

8150

8135/8120/80 80

8210

TARGET

MCX GOLD

FEB

BUY

33500

33550/33600

33400

NOT EXECUTED

07/2/19

MCX GOLD

FEB

SELL

33300

33250/33200

33500

TARGET

07/2/19

MCX SILVER

MAR

BUY

40700

40750/40800

40500

NOT EXECUTED

07/2/19

MCX SILVER

MAR

SELL

40400

40300/40200

40600

NOT EXECUTED

Entry Level

Target

Stop Loss

Remark

Target

Date

Scrip

CASH/ FUTURE/ Strategy OPTION

07/2/19

NIFTY

FUTURE

SELL

10900-10850

10750/10600

11000

NOT EXECUTED

07/2/19

TITAN

FUTURE

BUY

1070

1075/1080

1060

SL HIT

07/2/19

MCDOWNLL-N

FUTURE

SELL

540

530

550

NOT EXECUTED

07/2/19

REPOHOME

CASH

SELL

375

370/365

385

NOT EXECUTED

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Special Report

08-FEB-2019

NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS TIME (ET)

PERIO ACTUAL D

REPORT

MEDIAN FORECAST

PREVIOUS

-0.2%

-2.1%

THE GOVERNMENT SHUTDOWN WILL DELAY RELEASE OF SOME DATA THIS WEEK MONDAY, FEB. 4 Factory orders (rescheduled) Nov. (Dec. report delayed)

10 am 2 pm

-0.6%

Senior loan officer survey Q4

7:30 pm

Loretta Mester speaks

TUESDAY, FEB. 5 8:30 am

Trade balance

Dec.

DELAYED

--

N/A

9:45 am

Markit services PMI

Jan.

54.2

--

54.2

10 am

ISM nonmanufacturing index Jan.

9 pm

56.7%

57.4%

58.0%

State of the Union address

WEDNESDAY, FEB. 6 8:30 am

Trade balance (rescheduled)

Nov.

-$49.3 bln

-$53.7 bln

-$55.7bln

8:30 am

Productivity*

Q4

DELAYED

--

2.3%

8:30 am

Unit labor costs*

Q4

DELAYED

--

0.9%

6 pm

Randal Quarles speaks

7 pm

Jerome Powell speaks 225,000

253,000

Dec.

--

$22 bln

Dec

--

0.3%

THURSDAY, FEB. 7 8:30 am

Weekly jobless claims

9:30Markit am services index flash

Richard Clarida speaks Nov.

9:45 am

Markit manufacturing index flash

9:45 am

Nov.

3 pm

Consumer credit

7:30 pm

James Bullard speaks

2/2

--

55.7

--

54.8

FRIDAY, FEB. 8 10 am

Wholesale inventories (rescheduled) Disclaimer

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