Special Report
09–JAN-2019
Global markets at a glance The S&P 500 jumped to a three-week high on Tuesday, led by Apple, Amazon, Facebook and industrial shares on bets that the United States and China would strike a deal to end their trade war.The three-day rally kicked off on Friday following robust US jobs data and dovish comments on interest rates by Federal Reserve chief Jerome Powell has lifted the S&P 500 by over 9 percent from 20-month lows touched around Christmas.The Dow Jones Industrial Average jumped 1.09 percent to end at 23,787.45 points, while the S&P 500 gained 0.97 percent to 2,574.41. The Nasdaq Composite added 1.08 percent to 6,897.00.Asian shares inched up on Wednesday, supported by optimism the United States and China can strike a trade deal to avoid an all-out confrontation that will severely disrupt the global economy.Japan's Nikkei rose 0.9 percent while MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.3 percent. Wall Street's S&P 500 gained 0.97 percent on Tuesday, extending its gains from 20-month lows touched around Christmas to more than 9 percent.The United States and China will continue trade talks in Beijing for an unscheduled third day, US officials said on Tuesday amid signs of progress on issues including purchases of US farm and energy commodities and increased access to China’s markets. PREVIOUS DAY ROUNDOFF Indian benchmark indices started the week with a huge gap up opening but were unable to sustain the same after the markets witnessed a pullback in the second half of the session.The NSE Nifty ended the day 44 points higher at 10,771 while Bank Nifty settled 109 higher at 27,304. Among the sectoral indices, Nifty IT and Nifty Realty put up a strong show and ended 1.1% and 1.2% higher, respectively. Nifty IT also witnessed a long build up on the day.The rally in the Asian markets on Monday followed the sharp surge in US stocks on Friday after investors reacted positively to the labor market report as well as comments from the US Federal Reserve Chairman Jerome Powell. 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
23857
+0.48
S&P500
2574
+0.97
NASDAQ
6897
+1.08
FTSE100
6861
+0.74
20204 25875
+0.82 +0.15
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
Sun Pharam
448.05
17.25
4
ICICI Bank
380.15
12.45
3.39
305.3
9
3.04
Yes Bank
192.35
5.2
2.78
Tata Motors
179.95
4.6
2.62
CMP
Change
% Chg
451.65 752.2 1,228.90 146.95 351.95
-11.3 -11.55 -17.7 -1.65 -3.6
-2.44 -1.51 -1.42 -1.11 -1.01
SBI
Top Losers Company
Zee Entertain UPL Kotak Mahindra NTPC BPCL
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
367.7
-0.85
-0.22
IOLCP
176.45
1.4
0.73
KILITCH
190.85
-2
-0.91
LIQUIDETF
1000
-0.01
0
MUTHOOTFIN
513.4
-0.55
-0.11
Prev. Close
Change
%Chg
HEXATRADEX
25.1
-1.2
-4.78
MIC
1.25
-0.05
-4
RAJRAYON TREJHARA ARROWTEX
0.15 46.5 21.5
-0.05 -2.3 -0.05
-33.33 -4.95 -0.23
ICICIBANK
Stocks at 52 Week’s LOW Symbol
Indian Indices Company
CMP
Change
% Chg
NIFTY
10802
30.4
0.28
SENSEX
35980
130.77
0.36
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Special Report
09–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 430 for the target of 435 with the stop loss of 420 buying above 1192 for the target of 1200/1205 with the stop loss of 1170.
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 930 for the target of 935/942 with the stop loss of 920
MACRO NEWS
US crude oil prices on Wednesday rose above $50 per barrel for the first time in 2019 on hopes that Washington and Beijing can resolve a trade dispute that has triggered a global economic slowdown.US West Texas Intermediate (WTI) crude oil futures were at $50.14 per barrel as at 0021, up 36 cents, or 0.7 percent from their last settlement.
Reserve Bank of India released guidelines on tokenisation for various card transactions, including from debit and credit cards. Tokenisation, which aims at improving safety and security of the payment system, refers to replacement of actual card details with an unique alternate code called the 'token', which shall be unique for a combination of card, token requestor and identified device .
The Reserve Bank of India on Tuesday constituted a high-level committee under Aadhaar architect Nandan Nilekani to suggest measures to strengthen the safety and security of digital payments in the country.
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Special Report
09–JAN-2019
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
BANKNIFTY
CE
27,500 133.65 10,09,089
BANKNIFTY
CE
27,400
191
7,30,572
BANKNIFTY
CE
27,600 88.95
6,20,935
ICICIBANK
CE
380 10.45
4,695
YESBANK
CE
200
10.7
4,483
TATAELXSI
CE
1,000
28
4,037
RELIANCE
CE
1,120
25.9
4,031
ASHOKLEY
CE
105
0.65
3,929
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST Symbol
Optio Strike n Price Type
BANKNIFTY
Open Interest
Tata Steel: Total sales (provisional) in Q3FY19 fall to 6.77 million tonnes versus 7.36 million tonnes YoY.
7,37,640 Oriental Bank of Commerce: Bank sold 0.8425 percent equity stake in NSDL e-Governance Infrastructure out of 3,22,480 3.125 percent equity stake 5,55,160 NIFTY FUTURE Nifty followed global market and started 28,60,000 with gap up but today PSU and Metal share made 65,01,250 pressure in market due to that whole day Nifty traded in 2,67,600 sideways and in last one hour it loosed almost fifty per cent gains in intraday. On daily chart it created bearish 11,68,000 candle since Nifty forming Open Broadening pattern so 75,88,000 we it will be buy in decline around 10850 with stop loss o 10750 for the target of 10920/10970. 2,83,500
LTP
Traded Volume (Contracts)
Open Interest
CE
27,500 133.65
10,09,089
7,37,640
BANKNIFTY
CE
27,400
191
7,30,572
3,22,480
BANKNIFTY
CE
27,600 88.95
6,20,935
5,55,160
ICICIBANK
CE
380 10.45
4,695
28,60,000
YESBANK
CE
200
10.7
4,483
65,01,250
TATAELXSI
CE
1,000
28
4,037
2,67,600
RELIANCE
CE
1,120
25.9
4,031
11,68,000
ASHOKLEY
CE
105
0.65
3,929
75,88,000
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
27847
2083.55
34676
2501.58
390070
30773.43
-418.0318
INDEX OPTIONS
1218376
72373.17
1222612
72860.85
688892
52023.24
-487.6775
STOCK FUTURES
187040
11094.75
181833
10866.93
1349308
82461.39
227.8207
STOCK OPTIONS
51638
2978.23
51902
3005.46
114375
6604.90
-27.2333 -705.1219
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
10869
10836
10784
10750
10699
BANKNIFTY
27785
27647
27404
27266
27024
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Special Report
09–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
COMMODITY ROUNDUP Malaysian palm oil futures rose nearly 2 percent on Tuesday, hitting their highest in nearly three weeks, as production rose more slowly than expected.The benchmark palm oil contract for March delivery 1FCPOc3 on the Bursa Malaysia Derivatives Exchange closed 0.8 percent higher at 2,178 ringgit ($529.15) a tonne, having earlier risen as much as 1.7 percent to 2,197 ringgit, its highest since Dec. 20.Trading volumes stood at 45,785 lots of 25 tonnes each. 1FCPO-TOT "Production is seeing a lesser increase than expected, some updates also suggest a marginal decline," said a Kuala Lumpur-based futures trader, referring to output data from the Malaysian Palm Oil Association showing that December output rose 1 percent from the previous month.
SILVER TRADING STRATEGY: BUY SILVER ABOVE 39460 TGT 39600 39800 SL BELOW 39260 SELL SILVER BELOW 39350 TGT 39200 39000 SL ABOVE 39550
A Reuters poll forecast Malaysian output to fall 3.6 percent to 1.78 million tonnes in December, while inventories are expected to rise to 3.14 million tonnes, the highest since January 2000. physical trader said that exports were moving out of Malaysia following India's decision to reduce import taxes on Southeast Asian palm oil. is also offering less supplies for January. People are waiting and hoping prices will further go up," he said.India is the world's largest edible oil importer, and had previously raised import duties on edible oils last year to support local prices. Gold prices fell on Tuesday, as the dollar recovered from lows and hopes for a trade deal between China and the United States whetted risk appetite, making bullion less attractive.Spot gold XAU= slipped 0.4 percent to $1,283.43 per ounce as of 1040 GMT. U.S. gold futures GCv1 were 0.4 percent lower at $1,284.50 per ounce."At the moment the dollar is recovering, which is one of the reasons gold prices are lower," said ABN AMRO (AS:ABNd) analyst Georgette Boele. "At the same time, markets are nervous ahead of discussions going on between U.S. and China."Stock markets were trading higher as investors anticipated that the Chinese-U.S. trade spat was nearing a close and that the U.S. Federal Reserve would halt its monetary policy tightening if economic growth slows further. MKTS/GLOB
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Special Report
09–JAN-2019
RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM JAN ABOVE 8380 TARGET 8395/8320/8340 SL 8320 SELL GUARGUM JAN BELOW 8350 TARGET 8335/8320/8290 SL8410
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 6020 TARGET 6035/6055/6080 SL 5960 SELL DHANIYA JAN BELOW 6000 TARGET 5985/5960/5940 SL 6060
Pulses traders and millers in the main Pulses growing region in Karnataka, have urged the government to implement the price deficiency payment scheme (PDPS) or Bhavantar yojana for purchase of Tur (red gram) from farmers, as their business have been declined due to direct procurement by state agencies.Traders claims that it would benefit the Government in terms of lower costs and reduced payout, while helping the trade and millers in terms of generating some business. The Government could avoid the additional handling, storing and managing costs by involving them in the procurement through PDPS. The state had recently implemented a PDPS in procuring Onions Indian economy is expected to grow at 7.2 per cent this fiscal, against 6.7 per cent in FY18, according to data released by the Central Statistics Office (CSO).This GDP estimate is higher than many other forecasts, but lower than the RBI’s projections. Most private economists have already lowered India’s growth forecast to around 7 per cent for FY19, while the RBI’s estimate is 7.4 per cent.A closer look at the growth data reveals that per capita income is estimated to rise by over 11 per cent to reach Rs 1,25,397.According to the CSO data, agriculture fared slightly better, and industry, barring mining and quarrying, showed a similar trend. A substantial growth in manufacturing is good news for the job sector, and the manufacturing sector has a multiplier effect on employmentHowever, services seems to be lagging behind as two sub-groups - trade, hotels, transport, communication and services related to broadcasting, and public administration, defence and other services - are estimated to grow slower than the previous year.
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Special Report
09–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 70.15 TARGET 70.25 70.35 SL 69.95 SELL USDINR FUTURE BELOW 70.4 TARGET 70.3 70.2 SL 70.6
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 dollar fell versus other major currencies for a fourth straight session on Tuesday, as investors grew increasingly convinced the Federal Reserve will not raise interest rates this year amid uncertainties over the US economy. The dollar index fell marginally to 95.64. It dipped 0.1 per cent against the yen and eased marginally versus the euro and sterling in early Asian trade. On Friday, Fed Chairman Jerome Powell told the American Economic Association the Fed is not on aa preset path of rate hikes and it will be sensitive to the downside risks markets are pricing in. The Indian Rupee reclaimed its key level of 70 against the dollar on Tuesday. The currency depreciated 15 paise to open at 69.83/$ compared to its previous close of 69.68.The domestic unit depreciated 41 paise to 70.09 against the dollar in intraday trade on Tuesday. At 9:40 AM IST, the currency was trading at 70.06/$.The fall could be attributed to increasing crude oil prices in the global market. Crude oil extended its six-day winning strike, with the international benchmark for oil prices, Brent gaining 0.2% at $57.47/barrels and West Texas Intermediate (WTI) crude rose 0.3% to $48.67/barrels. The gain in oil prices was on the back of optimism regarding a halt in the trade war between the United States and China. Further, falling crude oil supply from OPEC also kept oil prices Brent gaining 0.2% at $57.47/ barrels and West Texas Intermediate (WTI) crude rose 0 . 3 % t o $ 4 8 . 6 7 / b a r r e l s . The gain in oil prices was on the back of optimism regarding a halt in the trade war between the United States and China. Further, falling crude oil supply from OPEC also kept oil prices elevated. As per media reports, OPEC oil supply fell in December by 460,000 barrels per day (bpd) to 32.68mn bpd. US stock futures and European equities rose on Tuesday with investors eagerly awaiting news on any progress in trade talks between the US and China.Futures on the Dow, Nasdaq and S&P 500 all indicated to a firm opening after the US showed optimism for arriving at a “reasonable” deal
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Special Report
09–JAN-2019
Date
Commodity/ Currency Pairs
08/1/19
NCDEX DHANIYA
JAN
BUY
6200
08/1/19
NCDEX DHANIYA
JAN
Sell
08/1/19
NCDEX GUARGUM5
JAN
08/1/19
NCDEX GUARGUM5
08/1/19
Contract Strategy
Entry Level
Stop Loss
Remark
6215/6235/62 60
6140
NOT EXECUTED
6150
6135/6115/60 90
6210
TARGET
BUY
8615
8630/8650/86 75
8565
NOT EXECUTED
JAN
SELL
8590
8575/8555/85 30
8650
TARGET HIT
MCX GOLD
JAN
BUY
31790
31840 31940
31720
08/1/19
MCX GOLD
JAN
SELL
31700
31650 31550
31770
08/1/19
MCX SILVER
MAR
BUY
39460
39600 39800
39260
NOT EXECUTED
08/1/19
MCX SILVER
MAR
SELL
39350
39200 39000
39550
TARGET HIT
Entry Level
Target
Stop Loss
Remark
Target
NOT EXECUTED
TARGET HIT
Date
Scrip
CASH/ FUTURE/ Strategy OPTION
08/1/19
NIFTY
FUTURE
BUY
10720-10740
10830/10950
10600
NOT EXECUTED
08/1/19
BEML
FUTURE
BUY
922
930
914
SL HIT
08/1/19
AJANTA PHARAMA
FUTURE
BUY
1182
1197
1169
SL HIT
08/1/19
REPOHOME
CASH
BUY
424
428
420
TARGET
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Special Report
09–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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