Special Report 16 –APR -2019
Global markets at a glance Wall Street lost ground on Monday, dragged down by financials as underwhelming bank earnings curbed investor enthusiasm. But while all three major US stock indexes edged lower, the S&P 500 remained within a percent of its record high.The Dow Jones Industrial Average fell 27.53 points, or 0.1 percent, to 26,384.77, the S&P 500 lost 1.83 points, or 0.06 percent, to 2,905.58 and the Nasdaq Composite dropped 8.15 points, or 0.1 percent, to 7,976.01. Asian stocks hovered below a nine-month peak on Tuesday after disappointing bank earnings dented Wall Street, though recent signs the global economy is likely to avoid a sharper downturn helped limit the losses.MSCI’s broadest index of Asia-Pacific shares outside Japan stood little changed.Expectations that Chinese and U.S. trade negotiators would strike a deal soon also lifted confidence. Japan’s Nikkei nudged up 0.25 percent.
World Indices Index
Value
% Change
DJI
26384
-0.10
S&P500
2905
-0.06
NASDAQ
7976
-0.10
FTSE100
7436
-0.00
22208 29868
+0.18 +0.19
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
231.75
15.8
7.32
2,113.30
98.8
4.9
Coal India
250
9.2
3.82
Tata Steel
553.15
19.5
3.65
2,700.70
60.8
2.3
CMP
Change
% Chg
727.5 308.45 458.65 265.5 154
-20.25 -6.2 -6.4 -2.4 -1.35
-2.71 -1.97 -1.38 -0.9 -0.87
Tata Motors TCS
Hero Motocorp
Top Losers Company
PREVIOUS DAY ROUNDOFF Indian equity markets traded with a positive bias as strong recovery was witnessed in the last two hours of the session with both Nifty & Bank Nifty indices managing to close in green.Nifty PSU Bank and Nifty Midcap index outperformed the benchmark index, closing ~0.8% and 0.5% higher respectively. Ujjivan & Adani Power were among the top outperforming largecap stocks, adding fresh long positions. Nifty IT index closed marginally higher, up ~0.2% ahead of Q4FY19 earnings of major heavyweights like TCS & INFY. Market breadth ended in the favour of the advances 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 for the second day in a row. Nifty 11700CE is the maximum open interest strike, consisting of mainly short positions, making 11700 level as an immediate resistance . Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[+27.40pts], Consumption[+16.8pts],PSE[+8.20pts],CPSE [+12.75pts],Energy[-55.30pts],FMCG[+13.70pts],Auto [+134.15pts],Pharma[-8.70pts],IT[+202.6pts],Metal [+69.75pts],Realty[+4.55pts], Fin Serv sector[+39.70 pts].
Infosys Bharti Infratel Sun Pharma Yes Bank IOC
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
892.5
14.25
1.67
ASTRAZEN
2,199.00
143.2
6.97
BAJAJFINSV
7,594.95
-0.75
-0.01
61.55
2.9
4.94
5.05
0.2
4.12
Prev. Close
Change
%Chg
ASHIMASYN
11.3
0.55
4.76
ATNINTER
0.05
0
0
BALLARPUR BLUECOAST CKFSL
2.75 34.2 63.2
-0.1 -1.8 -3.3
-3.51 -5 -4.96
ALKYLAMINE
BALAXI BILENERGY
Stocks at 52 Week’s LOW Symbol
Indian Indices Company
CMP
Change
% Chg
NIFTY
11690
+46.9
+0.40
SENSEX
38905
+138.73
+0.36
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Special Report 16 –APR -2019
RECOMMENDATIONS [FUTURE]
STOCK RECOMMENDATION [CASH]
1. LUPIN [FUTURE ]
INFY
LUPIN FUTURE — Stock is taken a support in the range of 700-730 & reversal from this level . Strong buying seen in this stock in last week & we may expect that it will be continue in next week . Our recommendation is to Buy stock future in the range 840-845 Target 860/890 Sl below 820.Stock is trading above its 50 & 100 DEMA .
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 .
2. DABUR[FUTURE]
MACRO NEWS
Oil prices halted their rally on Monday, with both benchmarks down nearly 1 percent, after Russia’s finance minister said Russia and OPEC may decide to boost production to fight for market share with the United States, where output remains at record highs.Brent crude futures ended the session at USD 71.18 a barrel, down 37 cents, or 0.5 percent, having earlier slid below USD 71. Brent hit its highest sinceNovember 12 on Friday at USD 71.87. US West Texas Intermediate crude futures fell 49 cents, or 0.8 percent, to settle at USD 63.40 per barrel.
The Reserve Bank will cut its key policy rates by another 25 basis points, after governor Shaktikanta Das' weekend speech focusing on ways to revive growth, BofAML said."We now expect the monetary policy committee to cut rates by 0.25 percent to 5.75 percent on June 7," Bank of America Merrill Lynch said in a note. If done this will be the third straight reduction, taking the quantum of reduction in six months to a hefty 75 bps.
DABUR — On weekly chart stock is taken a support of trendline & forming a green candle & in last week seen that fresh buying in FMCG stock . Our view on the technical basis is to buy stock future in range 400-405 Target 420-440 Sl below 380 . Stock is moving above all its important moving averages like 100 & 200 DEMA.
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Special Report 16 –APR -2019
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
Open Interest
BANKNIFTY
CE
30,200
123
4,79,328
4,55,080
BANKNIFTY
CE
30,300
86.9
3,83,741
BANKNIFTY
CE
30,500
37
3,78,032
TCS
CE
2,100 40.15
32,620
TCS
CE
2,150
18.5
14,676
TATAMOTORS CE
230
7.5
11,924
TCS
CE
2,200
8.05
11,270
TCS
CE
2,120
30
9,721
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST Symbol
Optio Strike n Price Type
BANKNIFTY
PE
BANKNIFTY
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 4,33,840 commercial papers. 5,98,660 Ashok Leyland: Promoter pledged 1.33 percent stake in 11,70,000 the company. 4,92,250 32,08,000 NIFTY FUTURE NIFTY -On weekly chart Nifty close with red candle & forming flag patten on daily chart. Election 10,35,500 & Earning season is started in last week .Derivative 2,58,500 option data suggest that 11450 works act as support & 11700 as resistance.In last week again seen that only FII 2,83,500 infuse fund in market but selling still continued by Open DII.Our recommendation is to Buy Nifty 50 in the range Interest between 11600 Target 11650/11720 Sl below 11500.
LTP
Traded Volume (Contracts)
30,000
108
3,88,990
5,47,080
PE
29,800
53
3,55,916
6,11,340
BANKNIFTY
PE
29,700
37.9
2,88,906
4,49,980
TCS
PE
2,000
4.95
9,598
10,73,250
TCS
PE
2,050
9
8,288
5,61,250
TATAMOTORS PE
220
2.3
6,647
27,20,000
INFY
PE
720
7.1
5,928
11,76,000
TCS
PE
2,100
23.4
5,735
3,88,500
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
28717
2192.42
31276
2414.79
241429
19260.47
-222.3661
INDEX OPTIONS
1712869
114912.62
1692601
113620.35
914287
72691.84
1292.2755
STOCK FUTURES
189649
12030.65
190428
12300.74
1384787
90018.08
-270.0933
STOCK OPTIONS
119442
7583.35
121678
7753.62
126733
8121.57
-170.2719 629.5442
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
11737
11713
11681
11657
11624
BANKNIFTY
30306
30205
30062
29961
29818
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Special Report 16 –APR -2019
RECOMMENDATIONS GOLD TRADING STRATEGY: GOLD BUY ABOVE 31710 Target 31750/31850 Sl 31650 GOLD SELL BELOW 31650 Target 31600/31570 Sl 31730
SILVER TRADING STRATEGY: Silver Buy Above 37200 Target 37275/37350 Sl 37000 Silver Sell Below 37100 Target 37000/36950 Sl 37200
COMMODITY ROUNDUP Gold prices inched down on Monday to a more than oneweek low as progress in U.S.-China trade talks lifted risk sentiment, taking sheen off safe-haven bullion even as the U.S. dollar weakened.Spot gold XAU= edged 0.3 percent lower to $1,286.74 per ounce as of 0930 GMT, having touched $1,285.48, its lowest since April 5. U.S. gold futures GCcv1 fell 0.4 percent to $1,289.70 an ounce."Gold has clearly lost the upward trajectory that it was on, trying to find new supportive catalysts. We've seen continued positive murmuring on the trade negotiations in recent days. That's obviously a headwind for safe-haven gold," Capital Economics analyst Ross Strachan said.U.S. Treasury Secretary Steven Mnuchin said he hoped U.S.-China trade talks were approaching a final lap. combined with strong Chinese export and euro zone industrial production data on Friday, has lifted global equities, bund yields and the euro. MKTS/GLOB"The continued positiveness coming out of equity markets is acting as a drag on gold prices as people have liquidated their positions," Strachan said.Gold fell below $1,300 last week and that was seen as a negative bias in charts used by technical traders, analysts and traders said. India's gold smugglers have slowed their operations over worries their shipments will be caught up in seizures of cash, bullion, booze and drugs that are aimed at controlling vote-buying in the country's national elections, industry officials told Reuters.In India, political parties and their supporters often offer money or goods in exchange for votes. The Election Commission, which monitors the polls, tries to prevent this by setting up highway checkpoints to seize cash, gold, liquor and other high-value items that candidates avoid mentioning in their expenses due to a cap on the amount they can spend. month in Mumbai, in one of the biggest seizures since the current election was announced on March 10, the Directorate of Revenue Intelligence seized 107 kg of gold, worth about 300 million rupees ($4.3 million). slowdown in smuggling has boosted gold imports at banks in the world's second-biggest buyer of the precious metal, allowing them to charge a premium over global prices XAU= ."After a big seizure in Mumbai, smuggling has gone down drastically. Grey market operators don't want to take the risk during the election period," Anantha Padmanabhan, chairman of All India Gem and Jewellery Domestic Council (GJC) told Reuters.
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Special Report 16 –APR -2019
RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM MAY ABOVE 9149 TGT 9179/9239/9289 SL BELOW 9099 SELL GUARGUM MAY BELOW 9020 TGT 8990/8930/8880 SL ABOVE 9070
NCDEX INDICES Index
Value
% Change
Castor Seed Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT
6008 4502 7184 2439 4449
-2.6 0.18 -0.47 -0.86 -0.83
16400
0.24
3771 3718 6562
-0.16 -1.16 -3.08
Jeera Mustardseed Soy Bean Turmeric
DHANIYA TRADING STRATEGY: BUY DHANIYA MAY ABOVE 7299 TGT 7314/7374/7444 SL BELOW 7269 SELL DHANIYA MAY BELOW 7201 TGT 7186/7126/7056 SL ABOVE 7231
The central government's National Agricultural Cooperative Marketing Federation (NAFED) is planning to buy 20 lakh tonne of mustard and 15-20 lakh tonne of pulses in the ongoing rabi (winter-sown) harvesting season at the minimum support price (MSP).NAFED will buy pulses and oilseeds on behalf of the government to provide MSP to farmers. The co-operative has made arrangements of funds to carry out this procurement operations, NAFED Managing Director Sanjeev Chaddha told reporters on the sidelines of a conference organised by industry body Assocham on compressed bio-gas.NAFED already has a stock of 35 lakh tonne of pulses.Asked about disposal of the pulses stock, the official said the Centre provides pulses to states at a subsidised price for distribution through the ration shops. On the compressed bio-gas programme, the official said NAFED and Indian Oil Corporation (IOC) are working with private entrepreneurs to set up bio-CNG manufacturing plants across the country using agri-wastes.IOC Executive Director Subodh Kumar said about 200 letters of intent (LOIs) have been issued so far to set up plants, which would require an investment of Rs 25-40 crore each. He said oil marketing companies would buy compressed bio -gas from these plants for supply through their retail outlets at around Rs 50 per kg.Kumar said these projects should be treated under the priority sector lending so that the private companies get finance at cheaper rates.Green energy company Clean Effentech (CEF) will provide technology to these proposed plants.We expect that many plants will become operational by the end of this year in Uttar Pradesh, Haryana and Punjab," CEF group Director (Business Development) Maninder Singh said, adding that the government is targeting 5,000 such plants by 2023.- PTI
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Special Report 16 –APR -2019
RBI Reference Rate Currency Rupee- $ Euro
Rate Currency
Rate
69.5375 Yen
62.1950
78.765 GBP
91.25
USD/INR TRADING STRATEGY: USD/INR BUY USDINR ABOVE 69.6 TGT 69.7/69.8 SL BELOW 69.5 SELL USDINR BELOW 69.45 TGT 69.35/69.25 SL ABOVE 69.55
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 euro gained on Friday in a move dealers said may have be driven by anticipated currency demand arising from a Japanese bank's plans to purchase a German multi-billion dollar aviation finance business.The jump in the common currency occurred late in Friday's Asia session and saw the euro rise to a 2-1/2-week high.Markets are often quiet in the hours before European trade opens and thin liquidity has in recent months caused sudden jolts or "flash crashes" in major currencies including the Swiss franc. the heavilytraded euro-dollar currency pair, with a daily turnover of over $1 trillion, has recently traded in a narrow range at a time when volatility in foreign exchange markets is at a multi-year low, said Elisabeth Andreae, an FX strategist at Commerzbank (DE:CBKG)."It is remarkable that particularly in this market environment we see jumps even in EUR-USD typically during Asian trading times. This morning we saw a move from $1.1260 to $1.1290 in one fell swoop," she said. The euro was slightly higher against the dollar and pound in early trade in Europe on Friday, supported by signs of an economic rebound in China and reports of buying related to a big cross-border acquisition, while sterling continues to slip amid the prospect of more months of Brexit-related uncertainty.Reuters reported speculative buying of the euro ahead of the completion of Mitsubishi UFJ’s acquisition of the aviation business of Germany’s DZ Bank, a deal that will cost over 5.3 billion euros ($5.9 billion).The dollar index, which measures the greenback against a basket of six major currencies, was down 0.1% at 96.675, despite rising against the yen on the back of better -than-expected jobless claims and producer price inflation data on Thursday.Risk sentiment received another modest fillip from a mixed set of Chinese trade data for March, which showed a sharp rebound in exports, which rose over 14% on the year, well above forecasts for a 7.3% increase.Closer to home, sentiment toward the euro has been subdued in the wake of another dovish press conference from the European Central Bank, but it has still risen against sterling, which has suffered in the wake of the EU’s decision to extend the deadline for Brexit to the end of October.
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Special Report 16 –APR -2019
Date
Commodity/ Currency Pairs
15/04/19
NCDEX DHANIYA
APR
BUY
7189
15/04/19
NCDEX DHANIYA
APR
Sell
15/04/19
NCDEX GUARGUM5
APR
15/04/19
NCDEX GUARGUM5
15/04/19
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
15/04/19
MCX GOLD
JUN
SELL
32000
31950/31900
32100
NOT EXECUTED
15/04/19
MCX SILVER
JUL
BUY
38500
38550/38600
38400
TARGET
15/04/19
MCX SILVER
JUL
SELL
38450
38400/38300
38550
TARGET
Entry Level
Target
Stop Loss
Remark
Target
Date
Scrip
CASH/ FUTURE/ Strategy OPTION
15/04/19
NIFTY
FUTURE
BUY
11700-11750
11800/11900
10900
15/04/19
HAVELLS
FUTURE
BUY
767
770/775
764
SL HIT
15/04/19
PVR
FUTURE
BUY
1698
1706/1720
1690
TARGET
15/04/19
INFY
CASH
BUY
760-762
770/780
750
OPEN
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Special Report 16 –APR -2019
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS TIME (ET)
PE RI ACTUAL OD
REPORT
FORECAST PREVIOUS
THE GOVERNMENT SHUTDOWN WILL DELAY THE RELEASE OF SOME DATA THIS WEEK. MONDAY, APRIL 15 8:30 am
Empire state index
Ap ril
3.7
TUESDAY, APRIL 16 9:15 am
Industrial production
Ma rch
0.0%
9:15 am
Capacity utilization
Ma rch
79.1%
10 am
Home builders' index
Ap ril
62
WEDNESDAY, APRIL 17 8:30 am
Trade deficit* (new date)
Fe b.
-$51.1bln
10 am
Wholesale inventories* (new date)
Fe b.
1.2%
2 pm
Beige book
THURSDAY, APRIL 18 8:30 am 9:45 am
4/ 13
Weekly jobless claims Markit manufacturing index flash
8:30 am MarkitRetail sales* (new date) 9:45 am services index flash
Nov. Nov.
Ma-rch--
--
-55.7 54.8
-0.2%
8:30 am
Retail sales ex-autos* (new date)
Ma rch
-0.4%
8:30 am
Philly Fed index
Ap ril
13.7
10 am
Business inventories* (new date)
Fe b.
0.8%
10 am
Leading indicators
Ma rch
0.2%
FRIDAY, APRIL 19 8:30 am
Housing starts* (new date)
Ma rch
1.162mln
8;30 am
Building permits* (new date)
Ma rch
1.291mln
*DELAYED BY GOVERNMENT SHUTDOWN _____________________________________________________________________________________________________________________
Special Report 16 –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: 2019-04-16 09:22+05:30
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