Special Report
14–MAR-2019
Global markets at a glance
World Indices
US stocks rose on Wednesday, led by gains in healthcare shares, and Boeing edged upward even as the United States joined other nations in grounding the company’s 737 MAX jets.The Dow Jones Industrial Average rose 148.23 points, or 0.58 percent, to 25,702.89, the S&P 500 gained 19.4 points, or 0.69 percent, to 2,810.92 and the Nasdaq Composite added 52.37 points, or 0.69 percent, to 7,643.41.
Index
Value
% Change
DJI
25702
+0.58
S&P500
2810
+0.69
NASDAQ
7643
+0.69
FTSE100
7159
+0.11
21400 28759
+0.52 -0.17
Asian shares paused on Thursday as investors awaited data from China for clues about the health of the world’s second largest economy while the pound shot up to near ninemonth highs as the risk of a no-deal Brexit receded following a late-night vote.MSCI’s broadest index of AsiaPacific shares outside Japan was barely changed at 522.38 points. Japan’s Nikkei jumped 0.6 percent while Australian and New Zealand shares each added 0.2 percent.Trends on SGX Nifty indicate a flat opening for the broader index in India, a rise of 1.5 points or 0.01 percent. Nifty futures were trading around 11,385-level on the Singaporean Exchange.
Top Gainers
PREVIOUS DAY ROUNDOFF Indian equity markets continued its upward momentum with Bank Nifty index closing at a lifetime high level. Bank Nifty index continued its winning streak for the 6th day in a row, closing ~1.5% higher, led by a strong rally in HDFC Bank, ICICI & Kotak Bank.Nifty IT index remained under the selling pressure for the 4th day in a row backed by a strong appreciating INR against the US Dollar. IndusInd Bank & Bharti Airtel added fresh long positions with a fresh spike in open interest, while Apollo Hospital added fresh short positions. Escorts 860CE added massive open positions to tune of ~2925% along with a 2x surge in the option premium, clearly indicating a continuation of the current impulse move. Market breadth ended in the favour of advances with the advance/decline ratio closed at 2:1x. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[-33.55pts], Consumption[-27.05pts],PSE[-33.05pts],CPSE[34.95pts],Energy[+50.65pts],FMCG[-29.20pts],Auto[35.35pts],Pharma[-174.55pts],IT[-41.65pts],Metal[57.30pts],Realty[+1.45pts], Fin Serv sector[+138.7pts].
NIKKEI HANG SENG Company
CMP
Change
% Chg
1,636.35
67.3
4.29
244.3
8.45
3.58
Bajaj Finance
2,828.15
75.1
2.73
HDFC Bank
2,226.55
55.55
2.56
267.85
6
2.29
CMP
Change
% Chg
337.75 171.6 148.75 448.8 456.5
-14.05 -6.85 -5.35 -14.8 -13.8
-3.99 -3.84 -3.47 -3.19 -2.93
IndusInd Bank Yes Bank
HPCL
Top Losers Company
Bharti Airtel Vedanta IOC Zee Entertain Sun Pharma
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
5.05
0.45
9.78
635.25
29
4.79
718.2
34.2
5
1,295.00
-39.15
-3.14
751
-4.3
-0.58
Prev. Close
Change
%Chg
AHLEAST
225.8
-0.25
-0.1
BAJAJCON
307.8
-19.9
-5.68
BLUECOAST DNAMEDIA HOTELRUGBY
42.95 1.8 1.55
-2.25 -0.05 0
-4.98 -2.7 0
ALOKTEXT ANUP ARVINDFASN ASTRAL AXISBANK
Stocks at 52 Week’s LOW Symbol
Indian Indices Company
CMP
Change
% Chg
NIFTY
11341
+40.50
+0.36
SENSEX
37752
+216
+0.58
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Special Report
14–MAR-2019
RECOMMENDATIONS [FUTURE]
STOCK RECOMMENDATION [CASH]
1. BEML [FUTURE ] BEML Future closed at ten month high & also give breakout of important resistense of 950 .Stock is trading above all its 100 & 200 DEMA . In last trading session strong buying in this stock & derivative data suggest that traders view bullish on this stock . Our recommendation is to Buy on decline in between 960-963 Target 980/1000 SL Below 940 .
IIFL[CASH] IIFL has double bottom chart pattern on daily chart, in this recovery Mindcap and Smallcap Index given strong pull back but this stock is still in pressure. Here we can see the fresh buying is coming with strong volume as compare to red candle and last seven trading session .Buy Above 404405 with stop loss of 400 for target of 410/425 .
2. TATAGLOBAL [FUTURE] TATAGLOBAL future looking bullish on daily chart it has given breakout of trendline . Stock is traded below 100 & 200 DEMA but for a intra day & as well as positional view we may expect a bull rally in the stock.Our recommendation is to Buy 205-206 Target 208/215 Sl below 200 .After analysis of derivate data long position made by traders .
MACRO NEWS
Oil prices nudged higher on Thursday to sit just off a four-month high reached in the previous session as investors focused on global production cuts and supply disruptions in Venezuela.International Brent crude oil futures were at $67.61 a barrel at 0054 GMT, up 6 cents, or 0.1 percent, from their last close. Brent touched $67.76 a barrel on Wednesday, its highest since November 16. US West Texas Intermediate (WTI) crude futures were at $58.29 per barrel, up 3 cents, or 0.1 percent, from their last settlement.
The Reserve Bank on Wednesday said it will inject long -term liquidity worth $5 billion into the system through foreign exchange swap arrangement with banks for three years. The swap will be in the nature of a simple buy/sell foreign exchange swap from the Reserve Bank side.Under the swap, a bank would sell US dollars to the RBI and simultaneously agree to buy the same amount of US dollars at the end of the swap period."In order to meet the durable liquidity needs of the system, the Reserve Bank has decided to augment its liquidity management toolkit and inject rupee liquidity for longer duration through long-term foreign exchange Buy/Sell swap...," the RBI said.
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Special Report
14–MAR-2019
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
Open Interest
BANKNIFTY
CE
29,000
59 13,30,923
6,05,340
BANKNIFTY
CE
28,700 220.35 10,36,254
BANKNIFTY
CE
28,900
YESBANK
CE
250
9.85
16,247
INDUSINDBK
CE
1,650
28
10,317
HDFCBANK
CE
2,240
29
YESBANK
CE
260
6.3
YESBANK
CE
240
14.5
100 10,00,920
MARUTIACTIVE PUT CE OPTION 9,000 111.5 MOST
IOC, ONGC: Facing revenue shortfall, government pushes companies to pay 2nd interim dividend - PTI
1,90,760 Bajaj Consumer Care: Company engaged the services of Bain & Company which will help the company in 4,26,160 formulating a front-end strategy for growth and also help 71,96,000 in implementing it. 3,39,600
NIFTY FUTURE 2,49,500 After announce central election news,And if we go technically on cahrt we can seen clearly cross major 9,488 40,37,250 resistance level and close above this level , and also 9,423 63,73,500 trendline breakout in daily chart, and close daily chart in bullish signal It’s clearly indicate nifty go upside ahead, 5,823 2,83,500 and also 2019 is election year so we can expect Govt Traded Open announce new policy some related sectors so keep that Volume Interest in mind and watch all PSUBanks,infra pharma sector (Contracts) movements. And from a data perspective create broader 8,47,429 5,74,460 range in option traders, So we can follow buy on decline strateg, So we advise you to buy around 1150-11160 for 7,41,425 4,83,820 the targets of 11250-11300 With SL of below 11000. 9,548
Symbol
Optio Strike n Price Type
LTP
BANKNIFTY
PE
28,500
15.9
BANKNIFTY
PE
28,400
11.5
BANKNIFTY
PE
28,600
23.8
6,21,092
4,35,580
RELIANCE
PE
1,320 15.75
7,205
6,15,000
RELIANCE
PE
1,300 10.55
6,297
10,09,500
YESBANK
PE
230
4.85
4,768
26,44,250
YESBANK
PE
240
8.5
4,067
26,04,000
AXISBANK
PE
740 15.55
3,940
7,23,600
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
73515
5321.23
50176
3499.06
287320
22744.82
1822.1713
INDEX OPTIONS
3616449
228848.22
3630346
229340.30
972975
74158.19
-492.0866
STOCK FUTURES
202244
12439.31
217107
13347.41
1413052
89055.07
-908.1011
STOCK OPTIONS
129352
8139.66
127555
8040.84
124451
7657.87
98.8167 520.8003
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
11399
11370
11323
11294
11247
BANKNIFTY
29295
29090
28721
28516
28147
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Special Report
14–MAR-2019
RECOMMENDATIONS GOLD TRADING STRATEGY: Gold BUY ABOVE 32170 TARGET 32230/32270 SL 32100 Gold Sell BELOW 32100 TARGET 32050/32000 SL 32200
SILVER TRADING STRATEGY: Silver BUY ABOVE 38800 TARGET 38850/38900 SL 38720 Silver Sell BELOW 38700 TARGET 38640/38600 SL 38760
COMMODITY ROUNDUP Gold prices rose on Wednesday in Asia as traders opted for the safe-haven metal after U.K. Prime Minister Theresa May’s Brexit deal suffered another defeat in the British Parliament.Parliament rejected May’s withdrawal deal for the second time on Tuesday, raising concerns of a “hardBrexit” scenario before the planned departure date on March 29.May would hold a vote on Wednesday on whether to leave the European Union without a deal and, if lawmakers reject that, they will then vote on whether to seek a limited extension to Article 50, the provision of the EU treaty under which the U.K. is withdrawing from the bloc.Asian stocks were mostly in the red on Wednesday as a risk-off mood gripped investors, but the uncertainty spurred demand for the safe-haven gold.Gold Futures rose 0.5% to $1,304,35 by 1:24 AM ET (05:24 GMT) on the Comex division of the New York Mercantile Exchange.Meanwhile, the U.S. Dollar Index that tracks the greenback against a basket of other currencies edged up 0.1% to 96.968.Gold was also supported by some soft February inflation data from the U.S., underlining the case for the Federal Reserve to maintain its current wait-and-see stance.Speaking last Friday, Fed Chairman Jerome Powell justified the “wait-and-see approach” given that there was “nothing in the outlook demanding an immediate policy response and particularly given muted inflation pressures.” Oil prices rose on Wednesday, buoyed by an official forecast showing slower-than-expected U.S. production, and as U.S. sanctions stall exports from Venezuela.International Brent crude oil futures were at $66.89 a barrel at 0955 GMT, up 22 cents, or 0.33 percent, from their last close.U.S. West Texas Intermediate crude futures were at $57.31 per barrel, up 44 cents, or 0.77 percent.The U.S. Energy Information Administration (EIA) said on Tuesday that U.S. crudeproduction was expected to grow more slowly in 2019 than it had previously expected, averaging about 12.30 million barrels per day (bpd).The EIA revised down its projected 2020 production figure from 13.20 million bpd to 13.03 million bpd.While the revision is small, the comforting part for bulls was that the direction of the revision was down rather than up," Harry Tchilinguirian, global oil strategist at BNP Paribas (PA:BNPP) in London, told the Reuters Global Oil Forum.U.S. crude stocks also fell unexpectedly last week, data from the American Petroleum Institute showed on Tuesday, in a good sign for oil demand as supply from various producers was being curbed.
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Special Report
14–MAR-2019
RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM APR ABOVE 8750 TARGET 8765/8785/8815 SL 8690 SELL GUARGUM APR BELOW 8700 TARGET 8685/8665/8635 SL 8760
NCDEX INDICES Index
Value
% Change
Cotton Seed Oilcake
1680 5272 4204 6589 2045
0.89 0.38 -0.1 0.09 2.18
Guar Seed 10 MT
4249
0.38
16140 3826 3631
-0.87 0.1 0.8
Barley Castor Seed Chana Coriander
Jeera Mustardseed Soy Bean
DHANIYA TRADING STRATEGY: BUY CORIANDER APR 6650 TARGET 6665/6685/6710 SL 6590 SELL CORIANDER APR BELOW 6630 TARGET 6615/6595/6570 SL 6690
State-run Food Corporation of India (FCI) has disposed of 2.97 lakh tonne of pulses, nearly the entire stock it procured in last two years, to various states and to bulk consumers, according to an official data.FCI had a stock of 2.98 lakh tonne of pulses procured at the minimum support price (MSP) during 2015-16 and 2016-17 marketing years (July-June).As per the latest data, the agency has cleared 2.97 lakh tonne of pulses comprising 'tur', 'masoor', 'moong' and 'urad' till February 2019.Of this, 2.36 lakh tonne was sold through electronic auction mode to bulk users, while the rest through states.Less than 800 tonne is left with FCI, which will also be disposed of, the data added.FCI is the central nodal agency that undertakes mainly the procurement and distribution of wheat and rice at the MSP. World cotton production is expected to rise 6.8% with yields rebounding in several countries and area also rising, according to the first projections for 2019-20 season released by the US department of agriculture (USDA).In the US, cotton production is expected at 22.5 million bales, based on higher planted area and sharply lower abandonment.The outlook for China shows imports, consumption, and production projected up, while stocks are expected to fall for the fifth consecutive year. “With the decline in China’s stocks, stocks outside of China are projected to increase significantly. As a result, the average A-Index and the season-average US farm price are expected to decline,” the Foreign Agricultural Service of USDA said in its ‘Cotton: World Markets and Trade’ March 2019 report.World trade is projected to expand, bring it near the record levels seen in 2011-12 and 2012-13. gap, the report said.
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Special Report
14–MAR-2019
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
69.6550 Yen
62.8750
Euro
78.7925 GBP
91.6975
USD/INR TRADING STRATEGY: BUY USDINR FUTURE ABOVE 69.55 TARGET 65.65/69.75 SL 69.35 SELL USDINR FUTURE BELOW 69.35 TARGET 69.25/69.15 SL 69.45
GBP/INR TRADING STRATEGY: BUY GBPINR FUTURE ABOVE 91.55 TARGET 91.65/91.75 SL 91.35 SELL GBPINR FUTURE BELOW 91.4 TARGET 91.3/91.2 SL 91.6
The British pound is higher against the dollar and euro in early trading in Europe Wednesday, as the market leans on balance towards believing that Brexit will be softened, delayed or even cancelled.The U.K. parliament rejected the government’s deal on leaving the European Union for a second time on Tuesday, effectively killing it as the EU has said it isn’t prepared to negotiate any more on the terms of leaving.At 03:00 AM ET (0800 GMT), the pound was at $1.3142, up from around $1.3060 immediately after the vote, while EURGBP was lower at 0.8584.The dollar index, which measures the value of the greenback against a basket of six major currencies, was at 96.94, practically unchanged.The House of Commons is due to vote later Wednesday on whether to leave the EU without a deal on March 29, an option that has never commanded a majority and is highly unlikely to do so now.Assuming that the motion on leaving without a deal is also defeated, the House will vote Thursday on asking the EU for a delay to the March 29 deadline. However, that’s not something the EU wants to do unless it can see a clear reason for doing so. What is not - at least yet - on parliament's timetable - is a motion calling for either a general election or a second referendum that could overturn the result of the first one. The Australian dollar skidded lower on Wednesday after a local consumer confidence gauge triggered fresh concerns about a slowing economy.Sterling was the other big mover in currency markets, adding half a percent on hopes UK lawmakers will vote down a no-deal Brexit tonight.Foreign exchange markets elsewhere were mostly quiet in early London trading, with investors cautious as the risk-off mood in Asia spread to Europe.A measure of Australian consumer confidence slumped to its lowest in over a year in March, adding to recent signs of weakness in the economy. Aussie AUD=D3 has been sensitive to signs of a loss of economic momentum, particularly after the Reserve Bank of Australia's upbeat outlook last week failed to dispel bets it would have to lower rates eventually. Aussie fell half a percent to as low as $0.70495, although the currency was above 2-month lows of $0.7003 hit last week.
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Special Report
14–MAR-2019
Date
Commodity/ Currency Pairs
13/03/19
NCDEX DHANIYA
APR
BUY
6650
13/03/19
NCDEX DHANIYA
APR
Sell
13/03/19
NCDEX GUARGUM5
MAR
13/03/19
NCDEX GUARGUM5
13/03/19
Contract Strategy
Entry Level
Stop Loss
Remark
6665/6685/67 10
6170
NOT EXECUTED
6630
6615/6595/65 70
6570
TARGET
BUY
8750
8765/8785/88 15
8270
TARGET
MAR
SELL
8700
8685/8665/86 35
8370
TARGET
MCX GOLD
MAR
BUY
32250
32270-32300
32200
TARGET
13/03/19
MCX GOLD
MAR
SELL
32200
32170-32150
32250
TARGET
13/03/19
MCX SILVER
MAR
BUY
38690
38720/38750
38640
SL HIT
13/03/19
MCX SILVER
MAR
SELL
38640
38600/38575
38675
TARGET
Entry Level
Target
Stop Loss
Remark
Target
Date
Scrip
CASH/ FUTURE/ Strategy OPTION
13/03/19
NIFTY
FUTURE
BUY
11150-11160
11250-11300
11000
NOT EXECUTED
13/03/19
CANFINHOME
FUTURE
BUY
310-313
317-325
305
TARGET
13/03/19
TATAGLOBAL
FUTURE
BUY
205-206
209-220
200
TARGET
13/03/19
IIFL
CASH
BUY
404-405
410/420
400
TARGET
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Special Report
14–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
14–MAR-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: 2019-03-14 09:23+05:30
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