Epic Research: Special Report on the Stock Market by our Experts

Special Report 12 –APR -2019

Global markets at a glance The S&P 500 ended little changed on Thursday as growing anxiety over a global economic slowdown offset upbeat data and investors waited for earnings season to kick into high gear.The Dow Jones Industrial Average fell 14.11 points, or 0.05 percent, to 26,143.05, the S&P 500 closed flat at 2,888.32 and the Nasdaq Composite dropped 16.89 points, or 0.21 percent, to 7,947.36.

Asian shares were flat and US Treasury yields pulled back on Friday as investor caution prevailed ahead of the release of first-quarter corporate earnings, although stronger US economic data helped offset some concerns about global growth.MSCI’s broadest index of Asia-Pacific shares outside Japan was barely higher, up 0.03 percent. Higher Chinese iron ore prices helped Australian shares outpace regional markets, pushing Australia’s S&P/ASX 200 index up 0.7 percent.

World Indices Index

Value

% Change

DJI

26157

+0.03

S&P500

2888

+0.35

NASDAQ

7964

+0.69

FTSE100

7421

-0.05

21627 29822

-0.28 -0.99

NIKKEI HANG SENG

Top Gainers Company

CMP

Change

% Chg

Indiabulls Hsg

845.8

21.4

2.6

Bajaj Finserv

7,562.75

139.45

1.88

Bharti Airtel

346.35

6.35

1.87

Bajaj Auto

2,993.70

50.8

1.73

Dr Reddys Labs

2,811.75

46.75

1.69

CMP

Change

% Chg

181.15 535.7 195.95 465.55 742.7

-7.35 -8.7 -2.7 -6.4 -10

-3.9 -1.6 -1.36 -1.36 -1.33

PREVIOUS DAY ROUNDOFF

Top Losers

Indian equity markets traded in a narrow range throughout the day on Thursday with the Nifty50 closing the day with marginal gains.Bajaj Finance & Bajaj Finserv were among the top outperforming large-cap stocks, posting ~1.5% gains each along with an addition of fresh long positions.The Nifty IT index declined ~0.7% ahead of Q4FY19 earnings of major heavyweights like TCS & INFY, starting from tomorrow.Adani Power & Tata Power posted the strong rally in the last trading hour, closing ~3% higher each along with an addition of long positions.Market breadth ended in favor of declines with advance/decline ratio closing at 1:1x.On the options front (April 11, 2019 expiry), across the board, short selling was in out of the money Nifty Call & Put option strikes, as markets traded in a narrow range . Nifty 11700CE is the maximum open interest strike, consisting mainly of short positions, making 11700 level as an immediate resistance for the weekly .

Company

Vedanta Tata Steel Power Grid Corp Sun Pharma Infosys

Stocks at 52 Week’s HIGH Symbol

Prev. Close

Change

%Chg

BALAXI

55.9

2.65

4.98

BILENERGY

4.65

0.2

4.49

24,245.00

927.35

3.98

1,097.00

23.9

2.23

65.75

4.2

7.02

Prev. Close

Change

%Chg

ANGIND

0.85

0.05

5.88

ATNINTER

0.05

0

0

CANDC DNAMEDIA GANDHITUBE

8.75 0.95 333

0.4 0 -4

4.35 0 -1.15

HONAUT ICICIGI J&KBANK

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[+2.60pts], Consumption[+23.30ts],PSE[+10.70pts],CPSE [+8.65pts],Energy[+132.25pts],FMCG[+156.2pts],Auto [+45.55pts],Pharma[-16.75pts],IT[-124.40pts],Metal[37.75pts],Realty[-2.00pts], Fin Serv sector[+23.35 pts].

Indian Indices Company

CMP

Change

% Chg

NIFTY

11596

+12.40

+0.11

SENSEX

38607

+21.66

+0.06

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Special Report 12 –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 750 Target 755/760 maintain Sl below 740. Market expectation from company is high on revenue front as we compare with its peers like TCS , HCL Tech .

MACRO NEWS 2. PVR [FUTURE]



Oil prices were firm on Friday, supported by ongoing supply cuts led by producer club OPEC and by US sanctions on petroleum exporters Iran and Venezuela.

International Brent crude oil futures were at USD 71.01 per barrel at 0042 GMT, up 18 cents, or 0.3 percent, from their last close. US West Texas Intermediate (WTI) crude futures were at USD 63.78 per barrel, up 20 cents, or 0.3 percent, from their previous settlement.



The Reserve Bank of India on Thursday said reinsurance brokers have been permitted to open non -interest bearing foreign currency accounts with banks for undertaking transactions.Earlier, the Insurance Regulatory and Development Authority of India (Irdai) had issued notification in this regard. Following the Irdai's notification, the extant regulations regarding opening of foreign currency accounts were reviewed.



Brokerages largely expect TCS to report revenue growth of around 2.5 percent in dollar terms due to cross-currency tailwinds. Constant currency terms revenue growth is expected to be around 2 percent, sequentially.

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 1698 Target 1706/1720 Sl below 1690. Stock is moving above all its important moving averages like 50,100 & 200 DEMA.

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Special Report 12 –APR -2019

STOCKS IN NEWS

MOST ACTIVE CALL OPTION Symbol

Optio Strike n Price Type

LTP

Traded Volume (Contracts)

Open Interest

BANKNIFTY

CE

29,800

0.05 29,67,141

12,67,440

BANKNIFTY

CE

29,900

0.1 24,31,533

BANKNIFTY

CE

30,000

0.1

TCS

CE

2,100

28.5

RELIANCE

CE

1,400

15

RELIANCE

CE

1,360

30.1

TATAMOTORS CE

220

6.5

2,300

20.6

HDFCBANK

CE

MARUTIACTIVE PUT CE OPTION 9,000 111.5 MOST

Info Edge: Company has invested through its whollyowned subsidiary Rs 6 crore in Bizcrum Infotech Private Ltd.

Avenue Supermarts: Company raised Rs 50 crore via 10,50,600 commercial papers.

21,70,073 17,64,860 Ashok Leyland: Promoter pledged 1.33 percent stake in 6,789 12,31,250 the company.

6,324 25,14,500 6,053 13,89,500 NIFTY FUTURE NIFTY -On weekly chart Nifty close with green candle,during this week nifty was traded in a 5,791 45,02,000 brode range of 235 points. first phase of election April 4,892 6,71,250 17,2019 . In last week FII infuse more than 6000 cr & selling by DII in cash Rs 435 cr, which was less as we 5,823 2,83,500 compare to last week data . AfterOn Nifty we may Traded Open expect new all time high will see before starting analysis Volume Interest of data suggest that 11500-11600 work as support & OI (Contracts) addtion seen in 11700-11800 works as resistance . Our 23,33,444 9,38,960 recommendation is to Buy Nifty 50 in the range 1145021,36,677 10,20,080 11500 Target 11550/11600 SL below 11350.

Symbol

Optio Strike n Price Type

LTP

BANKNIFTY

PE

29,700

0.05

BANKNIFTY

PE

29,600

0.15

BANKNIFTY

PE

29,500

0.05

16,49,509

8,94,380

TATAMOTORS PE

210

3.5

4,136

29,56,000

RELIANCE

PE

1,320

13.5

3,866

8,68,500

RELIANCE

PE

1,300

8.55

3,480

10,41,000

SBIN

PE

310

4.45

2,854

30,60,000

TATAMOTORS PE

215

5.2

2,843

11,52,000

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

36728

2610.68

35715

2582.26

226534

18063.06

28.4219

INDEX OPTIONS

4488516

286140.19

4441124

282895.67

851231

67373.58

3244.5219

STOCK FUTURES

159954

9778.43

171983

10523.16

1378680

88811.33

-744.7284

STOCK OPTIONS

91404

5715.93

91553

5730.53

113229

7111.05

-14.6019 2513.6135

INDICES

R2

R1

PIVOT

S1

S2

NIFTY

11640

11618

11584

11562

11528

BANKNIFTY

29971

29878

29759

29666

29547

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Special Report 12 –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 Asia's naphtha crack climbed for a second session on Thursday to $50.33 a tonne, while gasoline margin surged to more than a seven-month high of $8.81 a barrel on demand that resulted in a drawdown of stocks across regions.INVENTORIES: Singapore light distillates inventories, comprising mostly gasoline and blending components for petrol, dropped 7.2 percent or 1.144 million barrels to reach 14.734 million barrels in the week ended April 10, official data showed. O/SING1.This mirrored the fall in inventories in the United States where its gasoline stock levels dived 7.7 million barrels last week, Energy Information Administration (EIA) data. This was sharply lower versus expectations of a 2 million barrel drop in a Reuters poll of analysts. OTHER NEWS: BP (LON:BP) is the last of the international oil majors, including Royal Dutch Shell (LON:RDSa), Exxon Mobil (NYSE:XOM), ConocoPhillips (NYSE:COP) and ENI (MI:ENI), to quit exploring for shale gas in China because of poor drilling results. Its departure leaves the sector firmly in the hands of domestic companies.

Gold eased on Thursday as investors booked some profit from the metal's strong run this week, but bullion held near a two-week peak supported by concerns over an economic slowdown, as major central banks retained a dovish policy stance.Spot gold XAU= was down 0.2 percent at $1,304.63 per ounce by 1011 GMT. It touched its highest since March 28 at $1,310.50 on Wednesday.U.S. gold futures GCv1 were about 0.4 percent lower at $1,308.50 an ounce. Spot prices have rebounded from a near 10-week low touched last week at $1,280.59.Gold is being pressured by some profittaking following the past week's gains, especially with the climb above $1,300, OANDA senior market analyst Craig Erlam said.Rising U.S. crude stocks dragged oil lower on Thursday but prices continued to find a floor as OPEC-led cuts and freefalling Venezuelan output tightened global supplies.International benchmark Brent futures LCOc1 were at $71.23 a barrel at 0942 GMT, down 50 cents from their last close.U.S. West Texas Intermediate (WTI) crude oil futures CLc1 were down 54 cents at $64.07 per barrel.U.S. crude inventories C-STK-T-EIA surged by 7 million barrels to a 17-month high of 456.6 million barrels last week, the Energy Information Administration said on Wednesday. crude oil production C-OUT-T-EIA remained at a record 12.2 million barrels per day (bpd), making the United States the world's biggest oil producer ahead of Russia and Saudi Arabia.

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Special Report 12 –APR -2019

RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM APR ABOVE 9025 TGT 9055/9115/9165 SL BELOW 8975 SELL GUARGUM APR BELOW 8881 TGT 8851/8791/8741 SL ABOVE 8931

DHANIYA TRADING STRATEGY: BUY DHANIYA APRIL ABOVE 7247 TGT 7262/7322/7392 SL BELOW 7217 SELL DHANIYA APRIL BELOW 7105 TGT 7090/7030/6960 SL ABOVE 7135

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

Indian sugar mills have contracted to export 2.7 million tonnes of sugar since the current season began on Oct. 1, trade body All India Sugar Trade Association (AISTA) said.

Mills have already shipped out 1.7 million tonnes of the sweetener, a top official of the All India Sugar Trade Association told Reuters.Indian mills have sold nearly an equal quantity of raw and refined, or white sugar, for which the top destinations are Bangladesh, Sri Lanka, Somalia, Iran and Sudan, the official said.India, the world's biggest sugar consumer, late last year approved incentives to encourage cash-strapped mills to export at least 5 million tonnes of sugar in the 2018-19 season to help prop up prices by trimming bulging stocks.

Cotton production in Gujarat, the largest producer of the natural fibre in India, is expected to fall to the lowest since 2008-19, largely on account of a decline in per hectare yield following scanty rainfall in cotton growing regions of the state.The latest crop estimate by the Cotton Association of India (CAI) puts production in Gujarat at 82.5 lakh bales (one bale is 170kg) in 2018-19. Production was 105 lakh bales in 2017-18.The per hectare yield in Gujarat is projected to fall to 532kg in 2018-19, from 619kg in the previous year.Of the projected output, 61 lakh bales have already arrived in the market.Data from the state agriculture department shows that cotton acreage in Gujarat increased to 27.12 lakh hectare in 2018-19 from 26.02 lakh hectare in 2017-18.Lower production in Gujarat has also brought down overall production in India, which is also estimated to hit a one-decade low at 321 lakh bales in 2018-19 against 365 lakh bales the previous year. Sugar production in Maharashtra for the year starting Oct 1 may be eight million tonnes, down at least 25% from this year's output, said a top official of Maharashtra State Cooperative Sugar Factories Federation Ltd.

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Special Report 12 –APR -2019

RBI Reference Rate Currency Rupee- $ Euro

Rate Currency

Rate

69.3350 Yen

62.4725

78.4 GBP

90.93

USD/INR TRADING STRATEGY: USD/INR BUY USDINR ABOVE 69.35 TGT 69.45/69.55 SL BELOW 69.2 SELL USDINR BELOW 69.2 TGT 69.1/69 SL ABOVE 69.35

GBP/IN TRADING STRATEGY: BUY GBPINR ABOVE 91 TGT 91.2/91.5 SL BELOW 90.9 SELL GBPINR BELOW 90.8 TGT 90.7/90.6 SL ABOVE 91

The dollar and euro were little changed on Thursday after the Federal Reserve and the European Central Bank hinted they were willing to leave interest rates alone amid trade tensions and signs of flagging growth.Sterling traded flat after European Union leaders extended the deadline for Britain to leave the EU, suggesting fears remain about where Brexit is headed.Currency markets are waiting for key economic data from China: trade figures due on Friday and first-quarter gross domestic product due next week.The Fed on Wednesday released the minutes on its March 19-20 meeting at which policy-makers signaled they would not raise rates in 2019.ECB President Mario Draghi underscored the risks facing the euro zone economy, reinforcing bets on further stimulus to prevent the region from slipping into recession. are focused on where the pound is headed after another delay to Brexit.The advantages for sterling, as well as UK and European equities, include the removal of a near-term, no-deal Brexit. But that is offset by the prospects of UK Prime Minister Theresa May's replacement, a general election and the threat to the UK economy of prolonged uncertainty.

The euro and pound were little changed against each other and higher against the dollar in early trading in Europe Thursday after the European Union agreed to push back the U.K.’s departure date as far as Oct. 31.The decision essentially leaves the pound in limbo, with the possibility of a no-deal Brexit still very much alive, and the prospect of a chaotic campaign for European elections to come. As such, it’s unlikely to end the uncertainty that has depressed both business and consumer sentiment in recent weeks. The U.K. will be forced out of the EU on June 1st if it fails to take part in those elections.At 04:10 AM ET (0810 GMT), the euro was at $1.1287, up 0.2% from late Wednesday in Europe, while the pound was at $1.3096, virtually unchanged.It’s “the worst of all worlds,” said Helen Thomas, CEO and founder of the consultancy Blonde Money. She said it “removes the time pressure to force a decision but doesn’t quite provide enough time for air to clear through a general election or a second referendum.”

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Special Report 12 –APR -2019

Date

Commodity/ Currency Pairs

11/04/19

NCDEX DHANIYA

APR

BUY

7189

11/04/19

NCDEX DHANIYA

APR

Sell

11/04/19

NCDEX GUARGUM5

APR

11/04/19

NCDEX GUARGUM5

11/04/19

Contract Strategy

Entry Level

Stop Loss

Remark

7204/7264/7334

7159

TARGET HIT

6965

6950/6890/6820

6995

NOT EXECUTED

BUY

9050

9080/9140/9190

9000

NOT EXECUTED

APR

SELL

8909

8879/8819/8769

8905

TARGET HIT

MCX GOLD

JUN

BUY

32155

32200/32250

32050

SL HIT

11/04/19

MCX GOLD

JUN

SELL

32000

31950/31900

32100

NOT EXECUTED

11/04/19

MCX SILVER

JUL

BUY

38500

38550/38600

38400

TARGET

11/04/19

MCX SILVER

JUL

SELL

38450

38400/38300

38550

TARGET

Entry Level

Target

Stop Loss

Remark

Target

Date

Scrip

CASH/ FUTURE/ Strategy OPTION

11/04/19

NIFTY

FUTURE

BUY

11700-11750

11800/11900

10900

11/04/19

HAVELLS

FUTURE

BUY

767

770/775

764

SL HIT

11/04/19

PVR

FUTURE

BUY

1698

1706/1720

1690

TARGET

11/04/19

INFY

CASH

BUY

760-762

770/780

750

OPEN

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Special Report 12 –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 12 –APR -2019

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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: 2019-04-12 09:08+05:30

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