Special Report 11–MAR-2019
Global markets at a glance
World Indices
Wall Street’s major indexes fell on Monday, weighed down by a weak US construction spending report and declines in healthcare shares, as an initial rally on optimism over a USChina trade deal faded.The Dow Jones Industrial Average fell 206.67 points, or 0.79 percent, to 25,819.65, the S&P 500 lost 10.88 points, or 0.39 percent, to 2,792.81 and the Nasdaq Composite dropped 17.79 points, or 0.23 percent, to 7,577.57.
Index
Value
% Change
DJI
25791
-0.09
S&P500
2792
-0.39
NASDAQ
7577
-0.23
FTSE100
7134
+0.39
21693 28915
-0.59 -0.15
Asian shares stepped back on Tuesday after China cut its economic growth target and pledged measures to support the economy amid growing challenges from rising debt and a dispute over trade and technology with the United States.Australian shares dropped 0.6 percent while South Korea’s Kospi lost 0.5 percent. MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.2 percent and Japan’s Nikkei dropped 0.3 percent. China cut its growth target for this year to 6.0 to 6.5 percent, in line with expectations, from around 6.5 percent last year.Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 22.5 points or 0.21 percent. Nifty futures were trading around 10,825-level on the Singaporean Exchange
Top Gainers
PREVIOUS DAY ROUNDOFF Indian equity markets are trading with a positive bias with all the major indices trading in green. The Nifty is up 51 points at 10,843, while Bank Nifty is up 240 points at 27,030.Nifty and Bank Nifty futures have added fresh long positions in the first half of today’s trade. Across the board buying was seen in major midcap heavyweights with the Nifty Mid-cap index outperforming the benchmark index by ~0.8%. PSU Banking stocks also put up a strong show with Canara Bank, Indian Bank, & Allahabad Bank adding fresh open interest with a sharp surge in the underlying price, indicating a buildup of long positions. CG Power was the top Nifty500 gainer, up 13%. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[+43.85pts], Consumption[+19.55pts],PSE[+52.4pts],CPSE [+31.25pts],Energy[+39.25pts],FMCG[+202.05pts],Auto [+58.5pts],Pharma[+87.8pts],IT[+116.30pts],Metal [+51.10pts],Realty[+0.10ts], Fin Serv sector[+80.75pts].
NIKKEI HANG SENG Company
CMP
Change
% Chg
NTPC
152.2
6
4.1
21,871.05
349.55
1.62
349.65
5.5
1.6
UltraTechCement
3,972.00
59.2
1.51
Bajaj Auto
2,955.70
35.8
1.23
CMP
Change
% Chg
181.2 257.7 507.85 195.55 1,009.05
-8.1 -11.15 -13.3 -5.05 -25.5
-4.28 -4.15 -2.55 -2.52 -2.46
Eicher Motors GAIL
Top Losers Company
Tata Motors Wipro Tata Steel Hindalco HCL Tech
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
AAVAS
1,085.00
65.85
6.56
472.5
22.5
5
2,049.00
-50.4
-2.48
136.75
3.75
2.86
1.7
0.05
3.03
Prev. Close
Change
%Chg
450
22.5
5
73
3.4
4.63
443.95 37.65 199
17.7 -1.3 -0.05
3.52 -3.06 -0.02
ANUP ASTRAZEN BALRAMCHIN BILENERGY
Stocks at 52 Week’s LOW Symbol
ANUP ARROWGREEN ASTEC BANARBEADS BIL
Indian Indices Company
CMP
Change
% Chg
NIFTY
11035
-22.8
-0.21
SENSEX
36671
-53.99
-0.15
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Special Report 11–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 175-178 Target 185190 Sl 165
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 458 target 461/465 Sl 452 .
MACRO NEWS 2. KSCL [FUTURE]
KSCL— In KSCL we have seen Buying in this week , we may expect that it will be continue in upcoming week also. On Technical point of view seen trend line breakout & also stock bounce back RSI & MACD also indicate upmove in this stock with strong volume.Our recommendation is Buy stock future in the range of 427 Target 430/433 Sl 422
DHFL: Brickwork Ratings India downgraded its rating on secured NCD of the company worth Rs 29,000 crore to AA (credit watch with negative implications) from AA+ (credit watch with developing implications), citing degrowth in business on account of inability to raise funds.
Alok Industries: National Company Law Tribunal approved the resolution plan submitted by Reliance Industries, JM Financial Asset Reconstruction Company and JM Financial Asset Reconstruction Company (as trustee to JMF ARC - March 2018 - Trust).
Sharda Motor Industries: Board unanimously approved the scheme of arrangement of the company with the resulting company presently under incorporation in the name of NDR Auto Components Limited. The scheme provides for the demerger of Automobile Seating undertaking into the resulting company.
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Special Report 11–MAR-2019
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
BANKNIFTY
CE
28,000
79
5,32,396
BANKNIFTY
CE
27,800
174
3,82,090
BANKNIFTY
CE
27,900
118
3,75,655
RELIANCE
CE
1,300
18.8
4,822
TATASTEEL
CE
520
9.8
4,497
TATAMOTORS CE
200
1.9
4,469
AXISBANK
CE
740
17
4,077
BAJFINANCE
CE
2,800
61.7
4,068
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
Open Interest
Bharat Electronics: Board declared the second interim dividend of 70 paise per share of Re 1 each fully paid-up (70 percent) for the financial year 2018-2019.
5,38,140 Mangalam Cement: Board approved the amalgamation 2,85,540 of Mangalam Timber Products Limited with the company and approved loan up to Rs 5 crore to Mangalam Timber 1,79,840 Products. 14,87,500 NIFTY FUTURE NIFTY -On daily weekly chart we have 9,99,462 identify that Head & Shoulder pattern is forming at the 60,82,000 top . Head & shoulder & for a short term forming Raising wedge pattern in technical term bearish reversal 15,70,800 pattern .Nifty breach the important level of 11000 in this 1,95,500 week ,but closing below 11000 .On technical point of view still our recommendation is to sell nifty future in 2,83,500 the range of 10800 Target 10750/10700 SL 10900 Our Open strategy is to sell on rise . Interest
BANKNIFTY
PE
27,500
72
3,95,101
5,49,580
BANKNIFTY
PE
27,400
53
2,65,231
3,27,680
BANKNIFTY
PE
27,600 92.55
2,62,128
3,28,400
TATAMOTORS PE
180
5.9
4,049
20,10,000
TATASTEEL
PE
510
12.8
4,007
4,21,217
RELIANCE
PE
1,260
22.3
3,915
4,58,500
BAJFINANCE
PE
2,700
39.9
3,154
1,40,500
HDFCBANK
PE
2,100 17.35
3,147
3,76,250
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
28024
2066.57
31825
2317.96
216370
16756.20
-251.3954
INDEX OPTIONS
1484872
93398.99
1470680
92389.86
757823
57090.70
1009.1268
STOCK FUTURES
165729
9822.06
185319
10910.50
1399172
86144.31
-1088.4436
STOCK OPTIONS
112542
6865.79
110125
6726.32
110165
6591.10
139.4702 -191.242
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
11071
11053
11031
11031
10991
BANKNIFTY
27905
27833
27739
27739
27573
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Special Report 11–MAR-2019
RECOMMENDATIONS GOLD TRADING STRATEGY: GOLD BUY ABOVE 32250 Target 32270 /32300 Sl 32200 GOLD SELL BELOW 32200 Target 32170/32150 Sl 32250
SILVER TRADING STRATEGY: Silver Buy Above 38500 Target 38540/38570 Sl 38420 Silver Sell Below 38200 Target 38170/38150 Sl 38250
COMMODITY ROUNDUP Gold prices edged up on Monday as the dollar fell against the yuan after U.S. President Donald Trump said he would delay an increase in tariffs on Chinese goods, while palladium surged to a record high.A strong yuan makes bullion cheaper for world's leading consumer- China.The offshore yuan strengthened 0.2 percent to 6.689 yuan CNH= against the dollar, after hitting its highest level since midJuly. USD/Trump said on Sunday that he would delay an increase in tariffs on Chinese goods that had been scheduled for later this week, citing "substantial progress" in Sino-U.S. trade talks over the weekend, and that he and his Chinese counterpart would meet to seal a deal if progress continued. gold XAU= rose 0.2 percent to $1,330.26 per ounce at 0655 GMT. U.S. gold futures GCv1 were steady at $1,332.70.Trump's extension of tariff deadline has weakened the dollar, driving gold up, said Jeffrey Halley, senior market analyst, OANDA."Gold, as it moves into the European and New York trading session, might come under pressure from the stock market," Halley said, adding that there won't be any sustained downward pressure until there is more information on the trade deal. Indonesia's palm oil output likely eased in January from a month earlier, in line with the vegetable oil's production cycle, while exports were expected to have picked up slightly, according to a Reuters survey.Palm oil output in top producer Indonesia declined 7.7 percent to 3.60 million tonnes from 3.90 million tonnes a month earlier, according to the median results of a survey of two palm oil groups and a state palm research firm.Production of the tropical oil typically falls during the first quarter of the year.Exports were estimated at 3.04 million tonnes in January, compared with 2.90 million tonnes in December.India, Indonesia's top palm buyer, cut import taxes on crude and refined palm oil from January, easing pressure on shipments. However, Indonesian palm oil is still taxed at a higher rate compared to Malaysian oil.Indonesia on Saturday offered to open up its market for India's sugar in exchange for a lower palm oil tax. the domestic use of palm oil was estimated at 1.18 million tonnes in January, compared with 1.38 million tonnes a month earlier. By the end of January, palm oil stocks were estimated to have eased to 2.85 million tonnes from 3.43 million tonnes a month ago, according to the survey.
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Special Report 11–MAR-2019
RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM MARCH ABOVE 8400 TGT 8500/8600 SL BELOW 8270 SELL GUARGUM MARCH BELOW 8250 TGT 8150/8050 SL ABOVE 8370
DHANIYA TRADING STRATEGY: BUY DHANIYA APRIL ABOVE 6220 TGT 6260/6310 SL BELOW 6170 SELL DHANIYA APRIL BELOW 6130 TGT 6080/6030 SL ABOVE 6200
NCDEX INDICES Index
Value
% Change
Castor Seed
4100
-0.46
6268 1936 4146.5 15440
-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
Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT
Global liquid fuels production was expected to exceed global consumption through 2020, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook.EIA forecast that higher U.S. crude oil production growth and slightly lower global oil consumption will offset the short-term supply reductions. As a result, global petroleum liquids stocks increase and prices remain relatively flat.According to EIA's February Short-Term Energy Outlook (STEO), global liquid fuels inventories grew by an estimated 0.5 million barrels per day (b/d) in 2018, and will grow by 0.4 million b/d in 2019 and by 0.6 million b/d in 2020.EIA expected U.S. crude oil production to average 12.4 million b/d in 2019 and 13.2 million b/d in 2020, with most of the growth from the Permian region of the state of Texas and New Mexico. When it comes to oil prices, EIA forecast Brent spot prices will average 61 U.S. dollars per barrel in 2019 and 62 dollars per barrel in 2020, compared with an average of 71 dollars per barrel in 2018.EIA expected that West Texas Intermediate (WTI) crude oil prices will average 8 dollars per barrel lower than Brent prices in the first quarter of 2019 before the discount gradually falls to 4 dollars per barrel in the fourth quarter of 2019 and through 2020. India's natural rubber imports in January declined 4.8% from a year earlier to 39,997 tonnes, the state-run Rubber Board said, as local consumption fell due to weak demand from tyre makers.The country's production last month eased 1.4 percent from a year ago to 72,000 tonnes, while consumption dropped 2.4 percent to 97,000 tonnes, the board said.India's imports between April to January jumped more than 30 percent from a year ago to 489,085 tonnes, it said.
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Special Report 11–MAR-2019
RBI Reference Rate Currency Rupee- $
Rate Currency
Rate
70.2875 Yen
63.3475
79 GBP
91.9650
Euro USD/INR TRADING STRATEGY: USD/INR
BUY USDINR ABOVE 70.35 TGT 70.45/70.55 SL BELOW 70.25 SELL USDINR BELOW 70.2 TGT 70.10/70 SL ABOVE 70.3
GBP/INR TRADING STRATEGY: BUY GBPINR ABOVE 92.10 TGT 92.2/92.3 SL BELOW 91.9 SELL GBPINR BELOW 91.8 TGT 91.7/91.6 SL ABOVE 92
The Australian dollar and the Chinese yuan inched up on hopes Washington and Beijing were close to a trade deal after a bitter year-long tariff dispute.Fuelling such expectations was a report from the Wall Street Journal on Sunday that said the United States and China could reach a formal agreement at a summit around March 27 given progress in talks between the two countries. Aussie gained as much as 0.57 percent to $0.7118, before giving up some of its gains to $0.7085 AUD=D4 following soft business inventories and declines in job advertisements and dwelling approvals. data was seen as pointing to a weak reading in Australian GDP data due on Wednesday, prompted speculators to create new short positions," said Yukio Ishizuki, senior strategist at Daiwa Securities.But Ishizuki also said markets had gone too far in pricing in a downturn in the Australian economy."Interest rate futures are now pricing in a rate cut this year but the economy could turn out to be stronger than expected given recent strength in commodity prices. I'd bet the Aussie could easily rise to around $0.73-74," he said.The Reserve Bank of Australia will hold its policy meeting on Tuesday.The Chinese yuan ticked up 0.20 percent to 6.7030 to the dollar in offshore trade CNH= , edging near its 7-1/2-month high of 6.6737 hit last week.The yuan has been supported since late last month after Washington delayed its self-imposed March 1 deadline for raising tariffs on $200 billion worth of Chinese imports, citing progress in its trade talks with Beijing. 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.) .
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Special Report 11–MAR-2019
Date
Commodity/ Currency Pairs
08/03/19
NCDEX DHANIYA
APR
BUY
6340
08/03/19
NCDEX DHANIYA
APR
Sell
08/03/19
NCDEX GUARGUM5
MAR
08/03/19
NCDEX GUARGUM5
08/03/19
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
MAR
SELL
8150
8135/8120/80 80
8210
TARGET
MCX GOLD
MAR
BUY
33350
33400/33475
33250
NOT EXECUTED
08/03/19
MCX GOLD
MAR
SELL
32900
32800/32800
33
TARGET
08/03/19
MCX SILVER
MAR
BUY
40700
40750/40800
40500
NOT EXECUTED
08/03/19
MCX SILVER
MAR
SELL
40400
40300/40200
40600
NOT EXECUTED
Entry Level
Target
Stop Loss
Remark
Target
Date
Scrip
CASH/ FUTURE/ Strategy OPTION
08/03/19
NIFTY
FUTURE
SELL
10800
10750/10700
10900
TARGET
08/03/19
TITAN
FUTURE
BUY
1040
1045/1050
1030
TARGET
08/03/19
KSCL
FUTURE
SELL
410
405/400
420
TARGET
08/03/19
REPOHOME
CASH
BUY
325
330/335
315
TARGET
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O
Special Report 11–MAR-2019
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS
TIME (ET)
PERIO ACTUAL D
REPORT
FORECAST
PREVIOUS
THE GOVERNMENT SHUTDOWN WILL DELAY THE RELEASE OF SOME DATA THIS WEEK. MONDAY, MARCH 11 8:30 am
Retail sales* (new date)
Jan.
-1.2%
8:30 am
Retail sales ex-autos* (new date)
Jan.
-1.8%
10 am
Business inventories* (new date)
Dec.
-0.1%
11 am
Survey of consumer expectations
Feb.
TUESDAY, MARCH 12 6 am
NFIB small-business index
Feb.
101.2
8:30 am
Consumer price index
Feb.
0.0%
8:30 am
Core CPI
Feb.
0.2%
2 pm
Federal budget
Feb.
DELAYED
WEDNESDAY, MARCH 13 8:30 am
Durable goods orders* (new date)
Jan.
1.2%
8:30 am
Core capital goods orders* (new date)
Jan.
-1.0%
8:30 am
Producer price index
Feb.
-0.1%
9:45 10 am amMarkit manufacturing index flash Construction spending* (newNov. date)
--
55.7
9:45 am
--
54.8
Markit services index flash
THURSDAY, MARCH 14
Nov.
8:30 am
Weekly jobless claims
3/9
--
8:30 am
Import prices
Feb.
0.5%
8:30 am
Retail sales*
Feb.
10 am
New home sales* (new date)
Jan.
10 am
Business inventories
Jan.
DELAYED -DELAYED
FRIDAY, MARCH 15 8:30 am
Empire state manufacturing index
March
8.8
9:15 am
Industrial production
Feb.
-0.6%
9:15 am
Capacity utilization
Feb.
78.2%
10 am
Job openings
Jan.
7.4 mln
10 am
Consumer sentiment
March
95.5
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Special Report 11–MAR-2019
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LOVELESH SHARMA
Digitally signed by LOVELESH SHARMA DN: cn=LOVELESH SHARMA c=IN o=Personal Reason: I am the author of this document Location: Date: 2019-03-11 09:23+05:30
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