Special Report 09 –APR -2019
Global markets at a glance
World Indices
The S&P 500 and the Nasdaq edged into positive territory on Monday, with gains held in check by falling industrials as investors braced for what analysts now expect to be the first quarter of contracting earnings since 2016.The Dow Jones Industrial Average fell 83.97 points, or 0.32 percent, to 26,341.02, the S&P 500 gained 3.03 points, or 0.1 percent, to 2,895.77 and the Nasdaq Composite added 15.19 points, or 0.19 percent, to 7,953.88
Index
Value
% Change
DJI
26424
+0.15
S&P500
2892
+0.46
NASDAQ
7938
+0.59
FTSE100
7446
+0.61
21789 30064
-0.08 +0.43
Asian shares got off to a subdued start on Tuesday as investors braced for key events later in the week, including the kick-off of the US earnings season and a crucial Brexit summit, while broader concerns over slowing global growth checked sentiment.MSCI’s broadest index of AsiaPacific shares outside Japan was basically flat after brushing its highest since late August last year during the previous session. Australian shares dipped 0.25 percent while Japan’s Nikkei was down 0.15 percent.Trends on SGX Nifty indicate a flat opening for the broader index in India, a slip of 1 point or 0.01 percent. Nifty futures were trading around 10,682-level on the Singaporean Exchange. Oil prices on Tuesday reached their highest since November as concerns over exports from war-torn Libya stoked tightness in the market, with global supply already hit by OPEC-led production cuts and US sanctions on Iran and Venezuela.
Top Gainers
PREVIOUS DAY ROUNDOFF Indian equity markets closed lower with both Nifty and Bank Nifty indices losing 0.5% and 0.8% respectively as across the board profit booking was seen in major largecap stocks. Reliance Industries was the top contributor to Nifty’s fall, closing ~1.8% lower.Nifty PSU Bank index traded with a negative bias throughout the day, closing 1% lower as marginal hint of short formation was witnessed in stocks like SBI, PNB & BOI.Nifty midcap 50 index underperformed the benchmark index by 0.3%. Market breadth ended in the favour of the declines with advance/decline ratio closing at 2:3x Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[-32.75pts], Consumption[-7.00pts],PSE[-32.60pts],CPSE [21.65pts],Energy[-188.15pts],FMCG[-64.7pts],Auto[38.30pts],Pharma[-27.65pts],IT[+105.20pts],Metal[-30.65 pts],Realty[-6.05pts], Fin Serv sector[-90.90pts].
NIKKEI HANG SENG Company
CMP
Change
% Chg
667
8.8
1.34
787.15
9.9
1.27
2,070.75
22.45
1.1
Infosys
767.25
7.95
1.05
Power Grid Corp
198.35
2.05
1.04
CMP
Change
% Chg
859.35 152.05 3,024.10 186.65 260.05
-43.7 -6.4 -90.1 -5.05 -6.8
-4.84 -4.04 -2.89 -2.63 -2.55
M&M Tech Mahindra TCS
Top Losers Company
Indiabulls Hsg IOC Bajaj Finance Vedanta Yes Bank
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
BALAXI
46.05
2.15
4.9
BILENERGY
3.9
0.15
4
CREDITACC
567.9
-6.75
-1.21
FMGOETZE
599
27.55
4.86
2,058.80
28.8
1.43
HDFC
Stocks at 52 Week’s LOW Symbol
Prev. Close
Change
%Chg
CANDC
10.55
-0.55
-4.95
COX&KINGS
131.05
-1.15
-0.86
DNAMEDIA EXCEL GENESYS
1.05 1.3 88
0.05 -0.05 -3.85
4.55 -3.7 -4.11
Indian Indices Company
CMP
Change
% Chg
NIFTY
11604
-61.5
-0.53
SENSEX
38700
-161.7
-0.42
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Special Report 09 –APR -2019
RECOMMENDATIONS [FUTURE]
STOCK RECOMMENDATION [CASH]
1. HAVELLS [FUTURE ]
INFY
HAVELLS — Stock is trading in channel line & Hammer pattern form on daily chart . Stock is al;so taking a support of trend line .RSI & MACD also indicating Buying in this stock .Our recommendation is to Buy stock future in the range 767 Target 770-775 maintain sl below 764
INFOSYS — Stock is taking a support of trendline on weekly chart & also forming a Cup & Handle . Quarterly result of company is on April 12,2019. Our recommendation is to Buy Infosys 760-762 Target 770/780 maintain Sl below 750. Market expectation from company is high on revenue front as we compare with its peers like TCS , HCL Tech .
2. PVR [FUTURE] PVR — On weekly chart stock giveen breakout & created bullish hammer candle stick pattern .Our view on the technical basis is to buy stock future in range 1690 –1695 Target 1720/1750 Sl below 1650 . Stock is moving above all its important moving averages like 50,100 & 200 DEMA.
MACRO NEWS
Oil prices dipped on Thursday, with Brent edging away from the psychologically important USD 70 level after easing in the previous session on data showing a surprise build in US inventories.Brent futures eased 2 cents to $69.29 by 0100 GMT. On Wednesday, Brent dipped 6 cents, after touching USD 69.96, the highest since November 12, when it last traded above USD 70. US West Texas Intermediate crude was down 14 cents, or 0.2 percent, at USD 62.34 a barrel.
While it's almost a given that the Reserve Bank of India (RBI) will deliver a policy rate cut when the three-day Monetary Policy Committee meeting ends on April 4, hopes are high that the central bank will also do more to address liquidity concerns.A poll of about 70 economists conducted by Reuters showed that 85 percent of the participants expect the RBI to cut the repo rate by 25 basis points to 6percent on April 4 and then keep the rates on hold through to the middle of next year at least.
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Special Report 09 –APR -2019
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
BANKNIFTY
CE
30,500
36.2
4,83,617
BANKNIFTY
CE
30,200
85
3,80,861
NIFTY
CE
11,700
27.5
3,45,741
RELIANCE
CE
1,400
13.4
6,619
TATASTEEL
CE
560
11.2
5,403
RELIANCE
CE
1,360
24.9
4,694
RELIANCE
CE
1,380
18.4
4,528
IBULHSGFIN
CE
900
38.9
4,384
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
Open Interest
9,01,100 Cipla's wholly owned subsidiary in USA i.e. Cipla Technologies LLC, has signed a binding term sheet today 4,89,180 with Pulmatrix Inc 22,25,850 NIFTY FUTURE NIFTY -On weekly chart Nifty close with 24,24,500 green candle,during this week nifty was traded in a 16,68,953 brode range of 235 points. On Nifty we may expect new all time high will see before starting first phase of 10,14,000 election April 17,2019 . In last week FII infuse more than 9,78,500 6000 cr & selling by DII in cash Rs 435 cr, which was less as we compare to last week data . After analysis of data 18,36,500 suggest that 11500-11600 work as support & OI addtion seen in 11700-11800 works as resistance . Our 2,83,500 recommendation is to Buy Nifty 50 in the range 11700Open 11750 Target 11800/11900 SL below 11600. Interest
BANKNIFTY
PE
29,800
151
4,82,261
3,66,920
BANKNIFTY
PE
30,000 250.2
4,29,562
2,51,940
BANKNIFTY
PE
29,500
60
3,95,327
4,06,320
RELIANCE
PE
1,300
18
5,674
9,15,500
RELIANCE
PE
1,340 35.45
4,661
3,78,000
RELIANCE
PE
1,320
25.3
4,404
7,36,000
IBULHSGFIN
PE
800 25.45
3,264
6,49,000
200
3,009
26,58,000
TATAMOTORS PE
6.2
Karnataka Bank: Bank targets Rs 1,44,000 crore business turnover for FY20.
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
34636
2625.48
44831
3490.46
228404
18193.57
-864.9851
INDEX OPTIONS
2276863
154149.17
2259114
152975.44
860713
67734.93
1173.726
STOCK FUTURES
168094
10392.14
185922
11431.49
1397527
90171.79
-1039.3577
STOCK OPTIONS
92760
5866.75
93632
5917.39
103495
6476.69
-50.6337 -781.2505
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
11782
11693
11621
11532
11460
BANKNIFTY
30446
30146
29931
29630
29415
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Special Report 09 –APR -2019
RECOMMENDATIONS GOLD TRADING STRATEGY: GOLD BUY ABOVE 32155 Target 32200/32250 Sl 32050 GOLD SELL BELOW 32000 Target 31950/31900 Sl 32100
SILVER TRADING STRATEGY: Silver Buy Above 38500 Target 38500/38600 Sl 38400 Silver Sell Below 38450 Target 38400/38300 Sl 38550
COMMODITY ROUNDUP Gold prices rose to a more than a one-week peak on Monday as the dollar slipped on slow U.S. wage growth last month and a rally in equities stalled, boosting bullion's appeal.Spot gold XAU= gained 0.4 percent to $1,297.02 per ounce by 1019 GMT, having earlier touched its highest since March 29 at $1,297.86.U.S. gold futures GCv1 were up 0.4 percent at $1,300.8 an ounce."The market is just getting a little bit of confidence back after once again failing to break lower last week," said Saxo Bank analyst Ole Hansen."We've got a weaker dollar, China buying another chunk of gold last month continues to show that the physical underlying demand and renewed fighting in Libya is just raising the geopolitical temperature," Hansen said, adding gold was once again potentially challenging the $1,300 level. A rally in stocks that has capped gold's gains recently paused, while the dollar .DXYwas down 0.2 percent against key rivals, making bullion cheaper for holders of other currencies. USD/ MKTS/GLOB.Data on Friday showed employment growth in the U.S. accelerated from a 17month low in March, assuaging fears of an abrupt slowdown in economic activity, but a moderation in wage gains supported the Federal Reserve's decision to suspend further interest rate rises this year. raised its gold reserves by 0.6 percent to 60.62 million ounces by end-March, central bank data showed. at around $1,280, the lowest seen so far this year (for gold), appear to be generating buying interest on the market and preventing prices from sliding any further," Commerzbank (DE:CBKG) said in a note."The technically important 100-day moving average held firm late last week, as it did in early March, thereby lending support to the price."Holdings in the world's largest gold-backemuch as 3 percent in the previous week, its biggest weekly percentage decline since end-November 2016. GOL/ETFSpeculators slashed their bullish bets in COMEX gold in the week to April 2, data showed on Friday. Oil prices rose to their highest level since November 2018 on Monday, driven by OPEC supply cuts, U.S. sanctions against Iran and Venezuela and fighting in Libya as well as strong U.S. jobs data.International benchmark Brent futures LCOc1 were at $70.66 per barrel at 1000 GMT on Monday, up 32 cents, or 0.5 percent from their last close. exchange-traded fund, SPDR Gold Trust GLD , fell as U.S. West Texas Intermediate (WTI) crude futures CLc1were up 30 cents, or 0.5 percent, at $63.38 per barrel.
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Special Report 09 –APR -2019
RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM APR ABOVE 9020 TGT 9050/9110/9160 SL BELOW 8970 SELL GUARGUM APR BELOW 8909 TGT 8879/8819/8769 SL ABOVE 8959
DHANIYA TRADING STRATEGY: BUY DHANIYA APRIL ABOVE 7316 TGT 7331/7391/7461 SL BELOW 7286 SELL DHANIYA APRIL BELOW 7144 TGT 7129/7069/6999 SL ABOVE 7174
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
World food prices were broadly stable in March, with a jump in dairy prices offset by drops in cereal, vegetable oil and sugar price quotations, the United Nations food agency said in its latest report.The Food and Agriculture Organization's (FAO) food price index,, which tracks monthly changes in international prices of a basket of food commodities, averaged 167 points, down two points from February and some 3.6% below its level in March 2018. The FAO Dairy Price Index rose 6.2% during the month, marking its third consecutive increase, driven by increased import demand for butter, cheese and Whole Milk Powder, ahead of an expected tightening in export availabilities from Oceania.The FAO Meat Price Index also rose though slightly, by 0.4% from February, buoyed by growing import demand from China for pig, bovine and poultry meats. By contrast, the FAO Vegetable Oil Price Index declined by 4.4% amid subdued import demand for palm oil, increased soy oil crushing in the United States of America and accumulating rapeseed inventories in Canada. The FAO Cereal Price Index dropped 2.2% in the month, led by declining prices of wheat and maize, both of which have ample exportable supplies and favorable harvest prospects in key producing countries. International rice prices were mildly firmer in March.The FAO Sugar Price Index declined by 2.1%, as harvests in key producing countries were larger than previously anticipated. India's latest production estimates point to an 8.0% year-on-year increase during the period from October 2018 through January 2019 and is now expected to overtake Brazil as the world's largest sugar producer.
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Special Report 09 –APR -2019
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
69.40 Yen
62.43
Euro
78.09 GBP
91.3425
USD/INR TRADING STRATEGY: USD/INR BUY USDINR ABOVE 69.3 TGT 69.4/69.5 SL BELOW 69 SELL USDINR BELOW 69.5 TGT 69.4/69.3 SL ABOVE 69.62
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. The rupee on Tuesday recovered from the day's low to finally settle at 68.74 against the US dollar with gains of 40 paise amid sustained foreign fund inflows and heavy buying in domestic equities. Forex dealers said foreign fund inflows in the debt and equity markets helped the rupee recover.
GBP/INR TRADING STRATEGY: BUY GBPINR ABOVE 91.4 TGT 91.5/91.6 SL BELOW 91.28 SELL GBPINR BELOW 91.10 TGT 91/90.9 SL ABOVE 91.22
At the Interbank Foreign Exchange (forex), the domestic currency opened lower at 69.32 a dollar but recovered the losses during the day and touched the day's high of 68.70. It finally settled at 68.74 per dollar, up 40 paise over its previous close.A panel of economists, including former Chief Economic Adviser Arvind Virmani, Tuesday called for at least 0.25 percentage point rate cut in the RBI's first monetary policy of the current fiscal to be unveiled later this week. Virmani said that it is for the RBI to understand that the real interest rate in India right now is very high."It is high time time to ease monetary policy," Virmani said during a panel discussion on RBI monetary policy organised by Assocham-EGROW Foundation. Ashima Goyal, Professor of Economics, Indira Gandhi Institute of Development Research and Member, Prime Minister's Economic Advisory Council, and Upasana Bhardwaj, Senior Economist, Vice President Kotak Mahindra Bank, also participated in the discussion.
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Special Report 09 –APR -2019
Date
Commodity/ Currency Pairs
08/04/19
NCDEX DHANIYA
APR
BUY
7254
08/04/19
NCDEX DHANIYA
APR
Sell
08/04/19
NCDEX GUARGUM5
APR
08/04/19
NCDEX GUARGUM5
08/04/19
Contract Strategy
Entry Level
Stop Loss
Remark
7269/7329/7399
7224
TARGET
7062
7047/6987/6917
7092
NOT EXECUTED
BUY
9065
9080/9105/9125
9005
NOT EXECUTED
APR
SELL
8923
8908/8883/8863
MCX GOLD
JUN
BUY
31800
31850/31900
31700
TARGET
08/04/19
MCX GOLD
JUN
SELL
31750
31700/31650
31850
TARGET
08/04/19
MCX SILVER
JUL
BUY
37700
37800/37900
37575
TARGET
08/04/19
MCX SILVER
JUL
SELL
37900
37800/37750
38150
TARGET
Entry Level
Target
Stop Loss
Remark
Target
8983
NOT EXECUTED
Date
Scrip
CASH/ FUTURE/ Strategy OPTION
08/04/19
NIFTY
FUTURE
BUY
11700-11750
11800/11900
10900
TARGET
08/04/19
JINDAL STEEL
FUTURE
BUY
185-187
190-195
182
SL HIT
08/04/19
KSCL
FUTURE
BUY
475
480
460
NOT EXECUTED
08/04/19
REPOHOME
CASH
BUY
465
470/490
460
NOT EXECUTED
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Special Report 09 –APR -2019
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS
TIME (ET)
PER ACTUAL IOD
REPORT
FORECAST
PREVIOUS
THE GOVERNMENT SHUTDOWN WILL DELAY THE RELEASE OF SOME DATA THIS WEEK. MONDAY, APRIL 8
Factory orders* (new date)
Feb .
0.1%
6 am
NFIB small business index
Ma rch
101.7
10 am
Job openings
Feb .
7.6 mln
10 am TUESDAY, APRIL 9
WEDNESDAY, APRIL 10
8:30 am
Consumer price index
Ma rch
0.2%
8:30 am
Core CPI
Ma rch
0.1%
2 pm
FOMC minutes
9:45 am 2 pm 9:45 am
Markit manufacturing index flash Federal budget Markit services index flash
Nov. Nov.
-Ma rch --
55.7
--
54.8
-$125bln
THURSDAY, APRIL 11
8:30 am
Weekly jobless claims
4/6
--
8:30 am
Producer price index
Ma rch
0.1%
8:30 am
Import price index
Ma rch
0.6%
10 am
Consumer sentiment index
Apr il
98.4
FRIDAY, APRIL 12
*DELAYED BY GOVERNMENT SHUTDOWN
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Special Report 09 –APR -2019
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Sachi n Yadav
Digitally signed by Sachin Yadav DN: cn=Sachin Yadav c=IN o=Personal Reason: I am the author of this document Location: Date: 2019-04-09 09:29+05:30
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