Special Report
08–JAN-2019
Global markets at a glance Wall Street plunged on Thursday after slowing U.S. factory activity on the heels of a dire revenue warning from Apple Inc fueled fears of a global economic slowdown.The magnitude of Apple's holiday quarter revenue shortfall sent shockwaves through the technology sector, which pulled all three major U.S. stock indexes down more than 2 percent, with the Nasdaq posting a 3 percent loss. S&P Technology companies slid 5.1 percent, its biggest one -day percentage drop since August 2011. The Philadelphia SE Semiconductor index ended the session 5.9 percent lower.Late Wednesday, Apple chief executive Tim Cook wrote in a letter to investors that the company had not foreseen the extent of China's economic deceleration, which was exacerbated by U.S.-China trade tensions. The iPhone maker's shares dropped 10.0 percent. The Chinese slowdown was expected but today's softer-than-expected ISM number took investors by surprise because the U.S. seemed to be the only port in the storm," said Sam Stovall, chief investment strategist of CFRA Research in New York. "But now it appears that our economic growth is facing trade related headwinds."Major automakers reported weak U.S. new car sales in December, with Ford Motor Co and General Motors Co reporting sales falling by 8.8 percent and 2.7 percent, respectively. Ford shares fell 1.5 PREVIOUS DAY ROUNDOFF Buying counters were buzzing in the last couple of hours for the market, helping them not only recover from low points, but also end the week on a strong note.Except IT names, investors bought across sectors, with maximum gains seen among metals, energy and banks, among others. The Nifty Midcap index ended higher too. At the close of market hours, the Sensex was up 181.39 points or 0.51% at 35695.10, and the Nifty up 55.10 points or 0.52% at 10727.40. The market breadth was narrow as 1322 shares have advanced, against a decline of 1255 shares, and 159 shares are unchanged.Yes Bank, Vedanta, and Bharti Infratel gained the most, while Infosys, TCS, HCL Tech and Tech Mahindra were the top losers. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[+14.3pts], Consumption[+15.3pts],PSE[+18.05pts],CPSE [+8.1pts],Energy[+945ts],FMCG[+92.4pts],Auto [+10.65pts],Pharma[-55.4pts],IT[+145.35pts],Metal[4.6pts],Realty[+3.15pts], Fin Serv sector[+73.2pts].
World Indices Index
Value
% Change
DJI
22686
-2.83
S&P500
2447
-2.48
NASDAQ
6738
+4.26
FTSE100
6837
+2.16
20101 25810
+2.76 +0.72
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
Axis Bank
637.45
17.85
2.88
Bharti Infratel
293.75
8.70
3.05
Tata Motors
175.35
4.40
2.57
Grasim
820.65
14.50
1.80
7,362.05
127.55
1.76
CMP
Change
% Chg
793.90 2,658.55 187.15 2,558.65 19,830.40
-35.90 -75.65 -2.50 -41.35 -273.20
-4.33 -2.77 -1.32 -1.59 -1.36
Maruti Suzuki
Top Losers Company
Indiabulls Hsg Bajaj Auto Yes Bank Dr Reddys Labs Eicher Motors
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
ASTRAL
1178.9
-39.8
-3.38
DVL
106.95
-2.65
-2.48
LIQUIDETF
999.99
0.01
0
109.1
-1.72
-1.58
0.05
0
0
Prev. Close
Change
%Chg
1.9
0.05
2.63
AMTEKAUTO
3.25
-0.15
-4.62
ANGIND ANKITMETAL ARROWTEX
1.25 0.45 21.5
0.05 0 -0.05
4 0 -0.23
NETF NOESISIND
Stocks at 52 Week’s LOW Symbol
ABGSHIP
Indian Indices Company
CMP
Change
% Chg
NIFTY
10771
44.45
0.41
SENSEX
35850
155.06
0.43
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Special Report
08–JAN-2019
RECOMMENDATIONS [FUTURE]
STOCK RECOMMENDATION [CASH]
1. AJANTPHARM [FUTURE ]
REPCOHOME Stock has given the breakout of the neckline of the double After a week of the correction phase stock has shown good bottom pattern on the daily chart with the good volumes strength on the daily chart and closed in green. It also closed and closed near to days high. We recommend buying above the 200 EMA on the daily chart. We recommend above 424 for the target of 428 with the stop loss of 420. buying above 1182 for the target of 1197 with the stop loss of 1169.
2. BEML [FUTURE] Stock is consolidating for a couple of weeks and performed well today. We have seen a good recovery in the last couple of hours in the trading session. it also closed above the 200 EMA on the daily chart. We recommend buying above 922 for the target of 930 with the stop loss of 914.
MACRO NEWS
The Indian economy will likely grow at 7.2 percent in 2018-19, faster than the previous year’s 6.7 percent expansion, but is set to moderate to below 7 percent during October-March this year, signaling a slowdown amid festering rural distress.
The global market for drones and drone powered solutions is expected to cross $100 billion by 2023, and India seems to be on the right track to cash on in this sector. The country's newly-announced Drone Regulation 1.0 is a step to open up the use of Remotely Piloted Aircraft (RPAs) — commonly known as drones — for commercial activities.
The apex bank will inform about its decision to transfer interim dividend to the government "as and when it is taken", Reserve Bank of India (RBI) Governor Shaktikanta Das said on January 7.
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Special Report
08–JAN-2019
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
BANKNIFTY
CE
27,500 77.65
5,63,487
BANKNIFTY
CE
27,600
50.5
4,58,000
BANKNIFTY
CE
27,700 32.05
3,81,939
NIFTY
CE
11,000 77.25
1,66,183
NIFTY
CE
10,900 116.55
1,21,598
RELIANCE
CE
1,140
19.5
4,881
TATAMOTORS CE
180
5
4,355
ASHOKLEY
105
0.75
4,173
CE
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST Symbol
Optio Strike n Price Type
BANKNIFTY
PE
BANKNIFTY
Open Interest
9,49,580 TCS: Central Bank of Kuwait modernised its technology platform with TCS BaNCS 6,63,900 6,35,920 NIFTY FUTURE Nifty followed global market and started with gap up but today PSU and Metal share made 40,63,800 pressure in market due to that whole day Nifty traded in 27,00,000 sideways and in last one hour it loosed almost fifty per 15,11,000 cent gains in intraday. On daily chart it created bearish candle since Nifty forming Open Broadening pattern so 35,04,000 we it will be buy in decline around 10720-10740 with 69,68,000 stop loss o 10600 for the target of 10830 10950. 2,83,500
LTP
Traded Volume (Contracts)
Open Interest
27,200
117
4,96,584
5,60,720
PE
27,000
57.8
4,17,069
9,13,160
NIFTY
PE
10,700 125.45
94,310
32,69,775
NIFTY
PE
10,500
71
82,123
38,98,725
RELIANCE
PE
1,100
27
3,515
6,77,000
RELIANCE
PE
1,080 18.55
3,015
4,65,000
ASHOKLEY
PE
2.35
2,918
36,92,000
RELIANCE
PE
1,060 12.85
2,681
5,70,000
90
Bandhan Bank: Board approved amalgamation of Gruh Finance, subsidiary of HDFC, into the bank.
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
30262
2338.03
25739
1929.62
377527
29756.42
408.4089
INDEX OPTIONS
916832
57413.50
908507
56903.90
667232
50244.48
509.5968
STOCK FUTURES
151116
8804.26
147800
8678.95
1338427
81229.38
125.3102
STOCK OPTIONS
67045
3820.50
67898
3845.37
112677
6461.66
-24.8789 1018.437
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
10870
10820
10785
10735
10700
BANKNIFTY
27551
27427
27353
27229
27155
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Special Report
08–JAN-2019
RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD ABOVE 31790 TGT 31840 31940 SL BELOW 31720 SELL GOLD BELOW 31700 TGT 31650 31550 SL ABOVE 31770
SILVER TRADING STRATEGY: BUY SILVER ABOVE 39460 TGT 39600 39800 SL BELOW 39260 SELL SILVER BELOW 39350 TGT 39200 39000 SL ABOVE 39550
COMMODITY ROUNDUP Traders said weaker rupee against dollar and safe haven buying contributed the surge in the prices of the yellow metal. Besides, firm trend overseas helped the rise in gold prices, they added.In Delhi, prices of gold of 99.9 per cent and 99.5 per cent purities gained Rs 335 each to Rs 32,835 per 10 gram and Rs 32,685 per 10 gram, respectively. Sovereign gold, however, remained unchanged at Rs 25,200 per piece of 8 gram.Globally, gold prices traded higher at USD 1290.82 an ounce, while silver was up at USD 15.55 an ounce in New York.Silver ready advanced Rs 350 to Rs 39,700 per kg and weekly-based delivery witnessed a rise of Rs 617 to Rs 39,365 per kg. Silver coins, however, remained unchanged at Rs 76,000 for buying and Rs 77,000 for selling of 100 pieces. Oil prices fell on Thursday amid volatile currency and stock markets, and as analysts warned of an economic slowdown for 2019 just as crude supply is rising globally.U.S. West Texas Intermediate (WTI) crude oil futures CLc1 were at $45.93 per barrel at 0152 GMT, down 61 cents, or 1.3 percent, from their last settlement.International Brent crude futures LCOc1 were down 36 cents, or 0.7 percent, at $54.55 per barrel. Markets were roiled by a more than 3 percent crash of the U.S.-dollar against Japan's yen overnight JPY=D3 , and after U.S. tech giant Apple AAPL.O cut its sales forecast. did not foresee the magnitude of the economic deceleration, particularly in Greater China," Apple chief executive Tim Cook said. slowdown in China and turmoil in stock and currency markets is making investors nervous, including in oil markets. bank Jefferies said in a 2019 opening note to clients and employees that the start of the year "doesn't feel as firm, the future doesn't feel as certain and optimistic, and the path forward does not seem as clear." India's Finance Minister Arun Jaitley said on Thursday commercial banks were likely to recover 700 billion rupees ($9.95 billion) of bad loans by the end of March, helped by resolution of 12 large cases.Some of the big cases such as Bhushan Power and Steel Ltd and Essar Steel India Ltd are in advanced stages of resolution, and are likely to be resolved in this financial year, Jaitley said in a blog post on Facebook
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Special Report
08–JAN-2019
RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM JAN ABOVE 8615 TARGET 8630/8650/8675 SL 8565 SELL GUARGUM JAN BELOW 8590 TARGET 8575/8555/8530 SL8650
NCDEX INDICES Index
Value
% Change
Barley
1941
-1.27
Castor Seed
5348
1.44
Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT
4198 6167 1930 4348
-1.85 -2.74 -1.43 0.24
17490
-0.51
3959 3466 6626
0.61 0.7 0.18
Jeera Mustardseed Soy Bean Turmeric
DHANIYA TRADING STRATEGY: BUY DHANIYA JAN ABOVE 6200 TARGET 6215/6235/6260 SL 6140 SELL DHANIYA JAN BELOW 6150 TARGET 6135/6115/6090 SL 6210
Planters in Bengal tea belt are expecting bright post winter high value first flush output for the consecutive second year due to prevailing favorable weather conditions. Entire tea belt in Bengal has taken submergence deep under chill. While the mercury at in Terai and Dooars tea belts in foothills have dipped even lower than 5 Degree Celsius, many high altitude places have gone under thick snow cover. Darjeeling city itself and surrounding areas, known for premium quality tea, also had a day-long snow fall after a decade. According to Indian Meteorological Department, the low temperature is likely to continue for the first half of January. With the general election a few months away, the central government has begun crunching the numbers in preparation for a comprehensive programme to help farmers tide over challenges posed by a dip in prices and dwindling incomes. The government is keen on a more substantive intervention than a loan waiver at the central level to alleviate agrarian distress besides stepping up investments in the sector, having concluded that writing off debt doesn’t help address underlying problems. Milk prices are likely to go up in 2019, cooperative dairies said, as supplies are less than usual during this period. Lower returns to farmers have led to the drop in milk production in winter, when supplies tend to go up, they said.“Milk prices are bound to increase in 2019. Low stocks of skimmed milk powder (SMP) and a drop in milk supplies compared to previous year are the two major reasons,” said RS Sodhi, managing director of Gujarat Cooperative Milk Marketing Federation which owns the Amul brand.
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Special Report
08–JAN-2019
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
69.4814 Yen
64.21
Euro
79.3890 GBP
88.5943
USD/INR TRADING STRATEGY: USD/INR BUY USDINR FUTURE ABOVE 69.8500 TARGET 69.9700/70.10 SL 69.70 SELL USDINR FUTURE 69.5800/69.4500 SL 69.8500
BELOW
69.70
TARGET
The Reserve Bank of India (RBI) issued norms for restructuring loans defaulted by micro, small and medium enterprises. The RBI permitted a one-time restructuring of existing loans to MSMEs that are in default but 'standard" as on January 1, 2019, the central bank said in a statement. To be eligible for the scheme, the aggregate exposure, including non-fund based facilities of banks and NBFCs, to a borrower should not exceed Rs 25 crore as on January 1, 2019. The restructuring has to be implemented by March 31, 2020. The Indian rupee kicked off 2019 on a resounding note, building up on gains of the previous two sessions and adding another 34 paise on January 1 to close at 69.43 against the US dollar on increased selling of the greenback by exporters and smart gains in domestic equities. The domestic unit has rallied by a hefty 92 paise in the last three trading sessions.At the Interbank Foreign Exchange (forex), the rupee opened on a firm note at 69.63. It gained further to hit a high of 69.43 following dollar selling by exporters, before finally closing at 69.43, up 34 paise.
GBP/INR TRADING STRATEGY: BUY GBPINR FUTURE ABOVE 89.20 TARGET 89.3200/89.45 SL 89.0500 SELL GBPINR FUTURE BELOW 88.90 TARGET 88.7800/88.6500 SL 89.0500
The government has exempted rupee payments made to Iran's national oil company NIOC towards the purchase of crude oil from payment of any tax, according to a Gazette notification. The finance ministry in a December 28, 2018 Gazette notification said the National Iranian Oil Company (NIOC) will not have to pay any withholding tax on payments it gets from Indian refiners. India had on November 2, 2018, signed an agreement with Iran to pay for crude oil it imports from the Persian Gulf nation in rupees. Any income a foreign company receives in an Indian bank account is subject to a withholding tax of 40 per cent, which together with sundry cesses totals to 42.5 percent. Exempting payments received by NIOC for crude oil it sells to Indian refiners, the notification said the Iranian firm "shall not engage in any activity in India, other than the receipt of income under the aforesaid arrangement".
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Special Report
08–JAN-2019
Date
Commodity/ Currency Pairs
07/1/19
NCDEX DHANIYA
JAN
BUY
6400
07/1/19
NCDEX DHANIYA
JAN
Sell
07/1/19
NCDEX GUARGUM5
JAN
07/1/19
NCDEX GUARGUM5
07/1/19
Contract Strategy
Entry Level
Stop Loss
Remark
6415/6435/64 60
6340
NOT EXECUTED
6330
6315/6300/62 70
6390
NOT EXECUTED
BUY
8410
8425/8445/84 70
8450
TARGET HIT
JAN
SELL
8370
8355/8335/83 10
8430
NOT EXECUTED
MCX GOLD
JAN
BUY
31700
31750/31850
31620
TARGET HIT
07/1/19
MCX GOLD
JAN
SELL
31600
31520/31420
31680
07/1/19
MCX SILVER
MAR
BUY
39100
39250/39450
38900
NOT EXECUTED
07/1/19
MCX SILVER
MAR
SELL
38900
38750/38550
39100
NOT EXECUTED
Entry Level
Target
Stop Loss
Remark
Target
NOT EXECUTED
Date
Scrip
CASH/ FUTURE/ Strategy OPTION
07/1/19
NIFTY
FUTURE
SELL
10700
10650/10600
10800
NOT EXECUTED
07/1/19
SUN PHARMA
FUTURE
BUY
435-437
442/448
425
TARGET
07/1/19
TORRENT POWER
FUTURE
BUY
262
264/266
259
TARGET HIT
07/1/19
KRBL
CASH
BUY
297.5
307/320
289
NOT EXECUTED
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Special Report
08–JAN-2019
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS TIME (ET)
REPORT
PERIOD
ACTUAL
MEDIAN FORECAST
PREVIOUS
--
60.7%
-$53.9 bln
-$55.5bln
--
$25 bln
--
0.8%
MONDAY, JAN. 7 10 am
ISM nonmanufacturing index
Dec. 10 am TUESDAY, JAN. 8 6 am
8:30 am
International trade*
Nov. 10 am
3 pm
Consumer credit
Nov. WEDNESDAY, JAN. 9
2 pm
FOMC minutes THURSDAY, JAN. 10 8:30 am
9:45 am
10 am
Markit manufacturing index flash
Nov. Wholesale inventories*
9:45 am
Markit services index flash
Nov.
Nov.
--
55.7
--
54.8
FRIDAY, JAN. 11 8:30 am
Consumer price index
Dec.
-0.1%
0.0%
8:30 am
Core CPI
Dec.
0.2%
0.2%
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