Special Report
15-MAR-2019
Global markets at a glance
World Indices
The S&P 500 slipped on Thursday, snapping a three-day streak of gains, as uncertainty over when a trade deal between the United States and China would be reached left investors on edge.The Dow Jones Industrial Average rose 7.05 points, or 0.03 percent, to 25,709.94, the S&P 500 lost 2.44 points, or 0.09 percent, to 2,808.48, and the Nasdaq Composite dropped 12.50 points, or 0.16 percent, to 7,630.91.
Index
Value
% Change
DJI
25709
+0.03
S&P500
2808
-0.09
NASDAQ
7630
-0.16
FTSE100
7185
+0.37
21473 29134
+0.88 +0.98
Asian stocks made modest gains on Friday, tracking improved global sentiment after UK lawmakers voted to delay Brexit and as a weaker yen supported Japanese shares, but a fresh flare up in US-China trade concerns is expected to cap gains.MSCI broadest index of Asia-Pacific shares outside Japan inched up 0.06 percent. Japan’s Nikkei climbed 0.9 percent and South Korea’s KOSPI rose 0.45 percent.Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 19 points or 0.17 percent. Nifty futures were trading around 10,366-level on the Singaporean Exchange. Oil prices were steady on Friday, supported as production cuts led by OPEC and US sanctions against Venezuela and Iran likely created a slight deficit in global supply in the first quarter of 2019. But oil prices have been capped by concerns that an economic slowdown will soon start denting growth in fuel demand.
Top Gainers
PREVIOUS DAY ROUNDOFF Indian equity markets traded in a narrow range throughout the day as a marginal hint of profit booking weighed in. Nifty Realty index was among the top outperformers, closing ~2% higher led by a strong rally in DLF, which gained 5% at close and managed to add fresh long positions.Nifty IT index remained under selling pressure for the 6th day in a row along with rising PCR, indicating a negative bias. IndusInd Bank & Just Dial added long positions with a fresh spike in open interest for the third day in a row. Market breadth ended in favour of declines with the advance/decline ratio closing at 1:2x. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[+9.80pts], Consumption[-2.80pts],PSE[+16.45pts],CPSE [+40.40pts],Energy[-16.85pts],FMCG[+15.70pts],Auto[42 .05 pts],Pharm a[+84.65 pts],IT[ -82 .45 pts],Metal [+16.30pts],Realty[+5.45pts], Fin Serv sector[-6.85pts].
NIKKEI HANG SENG Company
CMP
Change
% Chg
153.65
5.45
3.68
1,682.70
46.35
2.83
Yes Bank
249.85
5.55
2.27
Sun Pharma
466.15
9.65
2.11
243.2
4.55
1.91
CMP
Change
% Chg
187.6 1,006.75 2,751.70 3,964.15 179.55
-7.15 -21.6 -51.95 -61.5 -2.15
-3.67 -2.1 -1.85 -1.53 -1.18
NTPC IndusInd Bank
Coal India
Top Losers Company
Power Grid Corp HCL Tech Hero Motocorp UltraTechCement Tata Motors
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
11343
+1.60
+0.01
SENSEX
37754
+2.72
+0.01
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Special Report
15-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 415420 with stop loss of 425 /430 for target of 410 .
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
Brent crude oil futures were at $67.15 per barrel at 0126 GMT, 8 cents below their last close, but still within a dollar of the $68.14 2019-high reached theprevious day. US West Texas Intermediate (WTI) crude oil futures were at $58.55 per barrel, down 6 cents from their last settlement, and not far off their 2019 -high of $58.74 from the previous day.
A meeting between US President Donald Trump and Chinese President Xi Jinping to resolve the ongoing trade war won't take place this month and is more likely to occur in April at the earliest, Bloomberg reported on March 14 citing unnamed sources.Negotiatiors from both countries have been working towards a deal to resolve the trade dispute. The Wall Street Journal reported earlier this month that Xi and Trump could reach a formal trade deal at a summit around March 27, but Trump said on March 13 he was in no rush to complete a deal.
India's oil imports rose 4.6 percent in February from a year earlier to about 5 million barrels per day (bpd), according to tanker arrival data from shipping and industry sources. cargoes were discharged in March.
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Special Report
15-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
0.05 32,77,385
12,85,680
BANKNIFTY
CE
29,100
0.05 25,02,162
BANKNIFTY
CE
28,900
5.5 18,82,190
YESBANK
CE
250 11.75
11,756
11,39,520 Bajaj Consumer Care: Company engaged the services of Bain & Company which will help the company in 3,07,400 formulating a front-end strategy for growth and also help 57,22,500 in implementing it.
INDUSINDBK
CE
1,700 31.95
11,436
YESBANK
CE
RELIANCE RELIANCE
260
7.75
10,131
CE
1,380 13.95
9,178
CE
1,360 20.85
8,432
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST
IOC, ONGC: Facing revenue shortfall, government pushes companies to pay 2nd interim dividend - PTI
4,12,500
NIFTY FUTURE 53,09,500 NIFTY - On Thursday market is in narrow range due to weekly expiry of Nifty 50 option . Nifty opened at high 6,16,000 but not sustain & last two days Pre –Election rally has 9,11,000 stoped for a time being ,but it may expected to be contiune upto 11500 . Buying in Banking, NBFC , & 2,83,500 Reality sector .On teachnical point of view nifty broke a Open channel line & our recommendation is to Buy nifty future Interest on decline in range 11300-11330 Target 11380/11415 Sl 11240 .
Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
BANKNIFTY
PE
28,900
0.05
27,85,196
8,63,120
BANKNIFTY
PE
28,800
0.1
25,43,248
9,79,080
BANKNIFTY
PE
28,700
0.1
15,73,098
5,81,420
RELIANCE
PE
1,340 25.45
8,665
5,16,000
RELIANCE
PE
1,300 11.75
5,445
10,64,500
RELIANCE
PE
1,320
17
5,094
7,01,500
YESBANK
PE
240
5.7
4,256
24,37,750
RELCAPITAL
PE
170
14
3,503
13,12,500
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
39125
2847.01
33867
2361.89
287854
22966.39
485.1155
INDEX OPTIONS
4530703
277402.90
4527844
277129.39
914679
70750.14
273.5076
STOCK FUTURES
181935
11072.91
178652
10731.31
1418277
89266.42
341.5964
STOCK OPTIONS
116706
7202.22
117064
7280.77
129897
8113.12
-78.5525 1021.667
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
11416
11379
11346
11310
11277
BANKNIFTY
29188
29055
28937
28805
28687
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Special Report
15-MAR-2019
RECOMMENDATIONS GOLD TRADING STRATEGY: Gold BUY ABOVE 31780 TARGET 31800/31850 SL 31740 Gold Sell BELOW 31850 TARGET 31800/31770 SL 31920
SILVER TRADING STRATEGY: Silver BUY ABOVE 38300 TARGET 38350/38400 SL 38200 Silver Sell BELOW 38120 TARGET 38050/38000 SL 38240
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
15-MAR-2019
RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM APR ABOVE 8830 TARGET 8845/8860/8890 SL 8770 SELL GUARGUM APR BELOW 8800 TARGET 8785/8760/8740 SL 8860
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 6570 TARGET 6585/6600/6615 SL 6510 SELL CORIANDER APR BELOW 6530 TARGET 6515/6495/6470 SL 6590
Malaysian palm oil futures declined for a sixth consecutive session on Wednesday to their lowest in three months on pressure from expectations of lower demand in top importer India and rising domestic production. The benchmark third-month palm oil contract on the Bursa Malaysia Derivatives Exchange finished down 1.3 percent at 2,089 ringgit a tonne. Earlier in the session, the market hit its weakest since mid-December at 2,070 ringgit a tonne. World palm oil demand may suffer its first contraction in two decades during the 2019/20 crop year due to rising domestic oilseed supplies in India and slowing demand in Europe and China, industry sources told Reuters. Production of rapeseed, used to make an alternative oil to palm, is likely to be a record 8 million tonnes. So, India's imports will be the same around the last level of 15 million tonnes, said a top official of the Solvent Extractors Association of India, the industry group representing oilseed producers. Palm oil exports from Malaysia, the world’s second-largest palm producer, to the European Union slid to 264,005 tonnes in February from 405,867 tonnes a month ago, latest data from cargo surveyor Societe Generale de Surveillance (SGS) showed. Inflation based on wholesale prices rose to 2.93% in February over the previous month due to hardening of prices of primary articles, fuel and power, according to latest government data.The Wholesale Price Index (WPI) based inflation stood at 2.76 per cent in January, 2019. WPI inflation stood at 2.74 per cent during February 2018. Inflation of primary articles, which includes kitchen essentials like potato, onion, fruits, and milk increased to 4.84 per cent during the month, as against 3.54 in January, the data revealed.
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Special Report
15-MAR-2019
RBI Reference Rate Currency Rupee- $ Euro
Rate Currency
Rate
69.4525 Yen
62.8750
78.64 GBP
91.8725
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 Australian dollar fell on Thursday after reports that a meeting between China and the United States to end their trade war had been delayed.The meeting between President Donald Trump and President Xi Jinping won't occur this month and is more likely to happen in April at the earliest, Bloomberg reported. Australian dollar reacted the most to the report, falling to its lowest in three days at $0.7049, down 0.6 percent on the day.Concern remains that any escalation in the trade conflict will hit hard export -oriented economies such as Australia, whose biggest trading partner is China.The yuan was relatively stable in the offshore market. At 1030 GMT it was down half a percent at 6.7353, not far from a one-month low of 6.7372 CNH=D3The dollar gained for the first time in a week as the pound fell after a vote on Brexit that failed to deliver much clarity on where Britain's relationship with the European Union was headed.The pound had soared nearly 2 percent late on Wednesday after British lawmakers voted against a potentially disorderly "no-deal" departure from the European Union.The pound was down 0.9 percent at $1.3208 at 1040 GMT. Traders are bracing for a parliamentary vote later today that's expected to call for a short delay to Brexit. The British pound edged lower in early European hours on Thursday, easing off Wednesday's nine-month high posted after U.K.lawmakers voted emphatically against leaving the EU without a transitional deal.The pound was down 0.2% at $1.3317 by 4:45AM ET (08:45 GMT), after rallying 2.1% a day earlier.The currency went as high as $1.3380, a level not seen since June 2018, after parliament's vote, which paves the way for a vote later Thursday that could delay Brexit until at least the end of June."Yesterday’s vote to reject a no-deal Brexit does not remove the risk of a disorderly Brexit on March 29," Singapore's DBS said in a note. "Hence, the pound's appreciation yesterday is still set on shaky and not on firm foundation."Analysts said the real test for sterling was yet to come as lawmakers still need to agree a way forward before an extension on Britain's exit could be obtained from the EU."If they manage to achieve cross-party support for a deal, likely a 'softer Brexit' sort of a deal – this could potentially be very good news for UK assets," said Russel Silberston, Co-Head of Multi Asset at Investec Asset Management.
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Special Report
15-MAR-2019
Date
Commodity/ Currency Pairs
14/03/19
NCDEX DHANIYA
APR
BUY
6650
14/03/19
NCDEX DHANIYA
APR
Sell
14/03/19
NCDEX GUARGUM5
MAR
14/03/19
NCDEX GUARGUM5
14/03/19
Contract Strategy
Entry Level
Stop Loss
Remark
6665/6685/67 10
6710
NOT EXECUTED
6630
6615/6595/65 70
6570
TARGET
BUY
8750
8765/8785/88 15
8810
TARGET
MAR
SELL
8700
8685/8665/86 35
8370
NOT EXECUTED
MCX GOLD
APR
BUY
32170
32230/32270
32100
NOT EXECUTED
14/03/19
MCX GOLD
APR
SELL
32100
32070-32050
32200
TARGET
14/03/19
MCX SILVER
MAY
BUY
38800
38850/38900
38720
NOT EXECUTED
14/03/19
MCX SILVER
MAY
SELL
38700
38640/38600
38760
TARGET
Entry Level
Target
Stop Loss
Remark
Target
Date
Scrip
CASH/ FUTURE/ Strategy OPTION
14/03/19
NIFTY
FUTURE
BUY
11150-11160
11250-11300
11000
NOT EXECUTED
14/03/19
BEML
FUTURE
BUY
960-963
980/1000
940
TARGET
14/03/19
TATAGLOBAL
FUTURE
BUY
205-206
208/215
200
TARGET
14/03/19
IIFL
CASH
BUY
404-405
410/420
400
TARGET
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Special Report
15-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
15-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: 2019-03-15 09:15+05:30
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