Special Report
08-MAR-2019
Global markets at a glance Wall Street’s main indexes fell for a fourth consecutive session on Thursday, after Europe’s central bank said it would defer interest rate hikes and offered banks a new round of cheap loans, raising fresh concerns about global economic growth.The Dow Jones Industrial Average fell 200.23 points, or 0.78 percent, to 25,473.23, the S&P 500 lost 22.52 points, or 0.81 percent, to 2,748.93 and the Nasdaq Composite dropped 84.46 points, or 1.13 spercent, to 7,421.46. Asian stocks shuddered lower on Friday after the European Central Bank slashed its growth forecasts and launched an emergency round of policy stimulus, leaving investors fearing the worst for the global economy.Japan’s Nikkei led the way with a drop of 0.9 percent, while Australian stocks lost 0.5 percent. MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.3 percent, having already shed 0.9 percent the day before. E-Mini futures for the S&P 500 dithered either side of flat after a weak close for Wall Street.Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 42.5 points or 0.38 percent. Nifty futures were trading around 11,045-level on the Singaporean Exchange. PREVIOUS DAY ROUNDOFF Benchmark indices ended higher for the fourth consecutive day with Nifty closed around 11,050 level.The Sensex was up 89.32 points at 36725.42, while Nifty was up 5.20 points at 11058.20. About 1287 shares have advanced, 1349 shares declined, and 159 shares are unchanged.L&T, M&M, Axis Bank, ITC and Power Grid Corp were the top gainers on the Nifty, while losers include Wipro, IOC, Coal India, Zee Entertainment and Sun Pharma.Among the sectoral indices, IT, metal, auto and pharma witnessed selling pressure, while some buying was seen in the bank, FMCG and infra sectors.
World Indices Index
Value
% Change
DJI
25473
-0.78
S&P500
2748
-0.81
NASDAQ
7421
-1.13
FTSE100
7157
-0.53
21064 28380
-1.83 -1.39
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
Larsen
1,352.40
35.4
2.69
M&M
671.8
12.9
1.96
733.75
13.15
1.82
290.1
4.35
1.52
187.15
2.65
1.44
CMP
Change
% Chg
235 459 268.85 150.2 450.9
-7.75 -11.9 -8.6 -4.7 -9.65
-3.19 -2.53 -3.1 -3.03 -2.1
Axis Bank ITC Power Grid Corp
Top Losers Company
Coal India Zee Entertain Wipro IOC Sun Pharma
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
AAVAS
1,190.00
40.9
3.67
520.9
24.8
5
2,135.00
-20.6
-0.99
144.1
4.9
3.56
1,348.60
40.45
3.1
Prev. Close
Change
%Chg
199
-0.05
-0.02
42.95
2.25
4.98
2.2 1.7 2,849.90
-0.1 0 -18.65
-4.35 0 -0.65
ANUP ASTRAZEN BALRAMCHIN BATAINDIA
Stocks at 52 Week’s LOW Symbol
Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[-30.55pts], Consumption[+1.95pts],PSE[-38.25pts],CPSE[47.7pts],Energy[-14.7pts],FMCG[+193.75pts],Auto[16.5pts],Pharma[-109.35pts],IT[-152.95pts],Metal[28.45pts],Realty[-0.80 ts], Fin Serv sector[+32.60 pts].
BIL BLUECOAST DNAMEDIA HOTELRUGBY ICRA
Indian Indices Company
CMP
Change
% Chg
NIFTY
11053
+65.50
+0.60
SENSEX
36636
+193.56
+0.53
_____________________________________________________________________________________________________________________
Special Report
08-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 170-172 Target 175 Sl 168
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 .
The European Central Bank slashed its growth and inflation forecasts for 2019 and lowered those for 2020 and 2021 on Thursday, acknowledging thatEurope's slowdown was longer and deeper than earlier thought.ECB President Mario Draghi said that, unusually, the central bank had not changed its assessment that risks were balanced to the downside despite the policy changes.He said that was because, although Thursday's decisions would increase the resilience of the euro zone economy, it could not affect external factors such as rising protectionism and the still-uncertain course of Brexit.
Oil prices fell on Friday after the European Central Bank (ECB) warned economic weakness would continue and as US crude output and exports chase new records, undermining efforts by producer club OPEC to tighten global markets.US West Texas Intermediate (WTI) crude oil futures were at $56.39 per barrel at 0122 GMT, down 27 cents, or 0.5 percent, from their last settlement. Brent crude futures were at $65.96 per barrel, down 34 cents, or 0.5 percent.
_____________________________________________________________________________________________________________________
Special Report
08-MAR-2019
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
Open Interest
BANKNIFTY
CE
27,800
0.05 29,25,435
12,68,920
BANKNIFTY
CE
27,700
54 27,58,224
BANKNIFTY
CE
28,000
0.05 16,87,066
RELIANCE
CE
1,300 21.45
RELIANCE
CE
1,280
29.7
LT
CE
1,360
24.6
AXISBANK
CE
740
16.8
HDFCBANK
CE
2,120
37
MARUTIACTIVE PUT CE OPTION 9,000 111.5 MOST
Vedanta: Board approved 2nd interim dividend of Rs 1.85 per share i.e. 185 percent on face value of Re 1 for the financial year 2018-19.
Varroc Engineering: Step down subsidiary Varroc 1,72,160 Lighting Systems, Poland opened new Research & 5,92,760 Development Centre.
8,876
14,62,000 NIFTY FUTURE NIFTY -On daily weekly chart we have 5,938 8,11,500 identify that Head & Shoulder pattern is forming at the top . Head & shoulder & for a short term forming 5,684 3,87,375 Broading wedge pattern in technical term bearish 5,394 13,34,400 reversal pattern .On Tuesday trading session we have seen buying in market in each segment & sector i.e Large 5,109 3,14,750 Cap, Medium & Small Cap .Nifty gets support of 100 DEMA & 200 DEMA.Our recommendation is to Buy nifty 5,823 2,83,500 future in the range of 11010 –10040 Target will be 11080 Traded Open -11100 Sl below 10970. RSI & MACD both indicator Volume Interest indicate nifty on upper side. Its very important resistence (Contracts) on upper side, previsous high made few week ago 19,46,993 9,75,000 around 11130.
Symbol
Optio Strike n Price Type
LTP
BANKNIFTY
PE
27,600
0.05
BANKNIFTY
PE
27,500
0.05
19,36,756
11,57,060
BANKNIFTY
PE
27,700
0.05
16,51,155
12,90,620
RELIANCE
PE
1,260
23.3
4,886
3,73,500
RELIANCE
PE
1,240
16.5
4,287
5,31,500
RELIANCE
PE
1,220 11.25
3,841
6,87,000
HDFCBANK
PE
2,100 23.95
3,523
4,34,250
AXISBANK
PE
720 12.55
3,272
7,54,800
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
41647
3107.72
37556
2574.88
205003
15862.29
532.8353
INDEX OPTIONS
3105277
187405.63
3068067
185333.21
707165
53771.10
2072.4174
STOCK FUTURES
177435
10339.86
186720
10717.70
1400354
86609.34
-377.8401
STOCK OPTIONS
120285
7258.55
122346
7342.24
101664
6085.27
-83.6905 2143.7221
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
11120
11089
11058
11058
10996
BANKNIFTY
27968
27866
27713
27611
27457
_____________________________________________________________________________________________________________________
Special Report
08-MAR-2019
RECOMMENDATIONS GOLD TRADING STRATEGY: GOLD BUY ABOVE 31970 Target 32000/32050 Sl 31920 GOLD SELL BELOW 31920 Target 31890 /31850 Sl 31970
SILVER TRADING STRATEGY: Silver Buy Above 38190 Target 38230/38260 Sl 38140 Silver Sell Below 38100 Target 38050/38000 Sl 38200
COMMODITY ROUNDUP Gold prices steadied on Thursday as dollar traded near its more than two-week high, while lacklustre appetite for riskier assets offered some support to the safe-haven metal ahead of European Central Bank's (ECB) policy meeting due later in the day.Spot gold XAU= was down 0.1 percent at $1,284.59 per ounce, as of 0722 GMT. Earlier in the session, the bullion rose 0.1 percent to $1,288.34 per ounce.U.S. gold futures GCv1 slipped 0.2 percent to $1,284.90 an ounce.The dollar index .DXY , which tracks the greenback against major currencies, was holding near 97.008, its highest since Feb. 19, posted earlier in the week. USD/"The major issue is the stronger U.S. dollar. There is some support for safe-haven assets. Equities in Asia have given up the gains and that reflects the pressure we are seeing on risk assets," said Michael McCarthy, chief market strategist, CMC(NS:CMC) Markets.Asian shares eased on Thursday, as investors showed caution over the outlook for global growth as they awaited the outcome of Sino-U.S. trade negotiations. MKTS/GLOBThe Organization for Economic Co-Operation and Development cut forecasts again for the global economy in 2019 and 2020 cascading concerns on global growth. seems that practically all major global economies are experiencing varying degrees of slowdown and at this stage we seem to be no closer to bottoming out," INTL FCStone analyst Edward Meir said in a note, adding that it "should be constructive for gold." Gold prices Thursday declined Rs 360 to Rs 33,070 per 10 grams at the bullion market in the national capital on account of tepid demand from local jewellers amid weak global market.Following gold, silver saw a fall of Rs 520 to Rs 38,980 per kg due to reduced offtake by industrial units and coin makers. Traders attributed the fall in the gold prices to subdued demand from local jewellers and weak trend overseas. Besides, strengthening of the rupee put pressure on the yellow metal, they added.Globally, spot gold traded lower at USD 1,284.77 an ounce and, similarly, silver was down at USD 15.06 an ounce in New York. In the national capital, gold of 99.9 per cent and 99.5 per cent purities dropped Rs 360 each to Rs 33,070 and Rs 32,900 per 10 grams, respectively.However, sovereign gold held steady at Rs 26,400 per 8 gram. Silver ready fell Rs 520 to Rs 38,980 per kg, while weekly-based delivery declined Rs 507 to Rs 38,202 per kg. Silver coins held flat at Rs 80,000 for buying and Rs 81,000 for selling of 100 pieces.
_____________________________________________________________________________________________________________________
Special Report
08-MAR-2019
RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM MARCH ABOVE 8330 TGT 8345/8370/8380 SL BELOW 8270 SELL GUARGUM MARCH BELOW 8310 TGT 8295/8270/8250 SL ABOVE 8370
NCDEX INDICES Index
Value
% Change
Castor Seed Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT
5154 4152 6190 1977.5 4155
0.7 -0.29 0.97 -0.88 -0.46
Jeera
15520
-0.61
3819 3710 6370
0.08 -1 -0.4
Mustardseed Soy Bean Turmeric
DHANIYA TRADING STRATEGY: BUY DHANIYA APRIL ABOVE 6260 TGT 6275/6300/6320 SL BELOW 6200 SELL DHANIYA APRIL BELOW 6230 TGT 6215/6200/6170 SL ABOVE 6290
Trade tensions and political uncertainty, including Brexit, are weighing on the world’s economy, the Organisation for Economic Co-operation and Development (OECD) warned as it again cut its 2019 forecast for global economic growth to 3.3% for the current year, down from 3.5% it predicted earlier.“High policy uncertainty, ongoing trade tensions, and a further erosion of business and consumer confidence are all contributing to the slowdown,” the OECD said in an interim version of its Economic Outlook.The OECD revised growth downwards in almost all of the countries in the G20 group of industrialised and emerging nations.The 19-nation eurozone was particularly hard hit, with predicted growth dropping from 1.8 per cent to 1 per cent.Growth forecast for European powerhouse Germany sunk to 0.7 per cent from 1.4 per cent, while Italy's was slashed from 0.9 per cent to -0.2 per cent.The OECD said the sharp downturn in the two countries reflected “their relatively high exposures to the global trade slowdown compared with that of France”, which slipped from 1.5% to 1.3%.“Substantial policy uncertainty remains in Europe, including over Brexit. A disorderly exit would raise the costs for European economies substantially,” the OECD said. Malaysia's palm oil stockpiles at end-February are expected to show a 1.7% drop from the previous month's 3 million tonne level, according to a survey by Reuters, in keeping with a typical seasonal decline in production.Inventories in Malaysia, the world's second-largest producer of the edible oil, are expected to have slipped to 2.95 million tonnes, according to the survey.Falling stockpiles will support benchmark palm oil prices, which fell to their lowest in three years last November. Palm futures were last down 0.2 percent at 2,157 ringgit ($527.77) a tonne on Wednesday evening.
_____________________________________________________________________________________________________________________
Special Report
08-MAR-2019
RBI Reference Rate Currency
Rate Currency
Rupee- $
70.15 Yen
62.9225
Euro
79.53 GBP
92.35
USD/INR TRADING STRATEGY: USD/INR BUY USDINR ABOVE 70.2 TGT 70.3/70.4 SL BELOW 70 SELL USDINR BELOW 70.05 TGT 69.95/69.85 70.20
SL ABOVE
GBP/INR TRADING STRATEGY: BUY GBPINR ABOVE 92.5 TGT 92.6/92.7 SL BELOW 92.35 SELL GBPINR BELOW 92.25 TGT 92.15/92.05 SL ABOVE 92.35
Rate
The U.S. dollar held steady near a two-week high against its major peers in early European hours on Wednesday, while the Australian dollar sank to its lowest level of the year after data showed the economy slowed to a near standstill in the fourth quarter.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was at 96.80 by 4:15AM ET (09:15 GMT), after going as high as 96.95 the previous day, its best level since Feb. 15.Robust U.S. economic data supported the dollar after reports on Tuesday showed a rebound in housing and services activity, which eased concerns over a slowdown in the world’s biggest economy.The dollar was a tad lower against the yen at 111.85 (USD/JPY), after hitting a high of 112.13 a day earlier, its strongest since Dec. 20. The Australian dollar skidded to a two-month low on Wednesday after evidence of an economic slowdown supported market expectations for an interest rate cut later this year.Foreign exchange markets were mostly quiet elsewhere, with the U.S. dollar holding near a two-week high after Tuesday's strong service industries and new home sales data, and the euro pausing before Thursday's European Central Bank meeting.Australian economic growth came in at 0.2 percent in the fourth quarter, below an expected 0.3 percent. the Reserve Bank of Australia, which has kept rates at a record-low of 1.50 percent, shifts to a more dovish tilt it would be following other central banks in growing more cautious about the economic outlook. (nRBA)The Aussie dollar slid 0.8 percent to $0.7028 AUD-D3 , its lowest since Jan. 4.Against the yen the Aussie also fell sharply AUDJPY=D3 , while New Zealand dollar NZD=D3 weakened as worries about the Australian economy spread."The key domestic demand components were all weak and our economists suggest the door for rate cuts has opened further," said Adam Cole, currency strategist at RBC Capital Markets.The dollar index, which measures the greenback against a basket of currencies .DXY, was unchanged at 96.898 after hitting a two-week high of 97.008 on Tuesday.The dollar rose overnight as unexpectedly strong data helped soothe some fears about the state of the world's biggest economy.
_____________________________________________________________________________________________________________________
Special Report
08-MAR-2019
Date
Commodity/ Currency Pairs
07/03/19
NCDEX DHANIYA
APR
BUY
6190
07/03/19
NCDEX DHANIYA
APR
Sell
07/03/19
NCDEX GUARGUM5
MAR
07/03/19
NCDEX GUARGUM5
07/03/19
Contract Strategy
Entry Level
Stop Loss
Remark
6205/6225/62 50
6280
NOT EXECUTED
6150
6135/6120/60 90
6210
TARGET
BUY
8400
8415/8440/84 60
8340
TARGET
MAR
SELL
8280
8265/8250/82 20
8340
TARGET
MCX GOLD
MAR
BUY
33350
33400/33475
33250
NOT EXECUTED
07/03/19
MCX GOLD
MAR
SELL
32900
32800/32800
33
TARGET
07/03/19
MCX SILVER
MAR
BUY
40700
40750/40800
40500
NOT EXECUTED
07/03/19
MCX SILVER
MAR
SELL
40400
40300/40200
40600
NOT EXECUTED
Entry Level
Target
Stop Loss
Remark
Target
Date
Scrip
CASH/ FUTURE/ Strategy OPTION
07/03/19
NIFTY
FUTURE
BUY
11010
11080/11100
10970
NOT EXECUTED
07/03/19
Vedanta
FUTURE
BUY
175-178
180
172
SL HIT
07/03/19
AXIS BANK
FUTURE
BUY
735-737
740
728
TARGET HIT
07/03/19
REPOHOME
CASH
BUY
450
455/460
440
TARGET HIT
_____________________________________________________________________________________________________________________
Special Report
08-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
08-MAR-2019
Disclaimer The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility. The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. We are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid or Unpaid), any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.
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: 2019-03-08 09:12+05:30
_____________________________________________________________________________________________________________________