Special Report 18 –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
26449
-0.01
S&P500
2900
-0.23
NASDAQ
7996
-0.05
FTSE100
7471
+0.02
22117 29942
-0.72 -0.60
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
1,815.15
66.25
3.79
407
14.25
3.63
1,120.05
29.9
2.74
ONGC
160.45
4
2.56
Adani Ports
395.65
8.6
2.22
CMP
Change
% Chg
280.9 559.35 351.6 196.85 230.5
-6.8 -6.95 -2.45 -1.2 -1.25
-2.36 -1.23 -0.69 -0.61 -0.54
IndusInd Bank ICICI Bank Titan Company
Top Losers Company
PREVIOUS DAY ROUNDOFF Indian equity markets traded with a positive bias throughout the day as across the board buying was seen in major sectoral indices.Nifty Bank index outperformed the benchmark index by ~0.5%, led by strong gains in ICICI Bank & Indusind Bank, closing ~4% higher with an addition of fresh open interest consisting of mainly long positions. Nifty Midcap index underperformed the benchmark index, closing 0.1% higher. Market breadth ended in the favour of the advances with advance/decline ratio closing at 1:1x. Nifty futures closed at record highs and added fresh open interest, consisting of mainly long positions.On the options front (April 11, 2019 expiry), across the board short covering was witnessed in at the money and in the money Nifty call option strikes with Nifty 11700CE, shedding 11.12 lakh shares in open interest indicating 11700 level as an immediate floor level for the weekly contract. 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].
Wipro Cipla GAIL Power Grid Corp Tata Motors
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
11787
+96.8
+0.83
SENSEX
39275
+369.8
+0.95
_____________________________________________________________________________________________________________________
Special Report 18 –APR -2019
RECOMMENDATIONS [FUTURE]
STOCK RECOMMENDATION [CASH]
1. DCB BANK [FUTURE ]
ONGC
DCB BANK — Stock outperformed well with volume breakout and closed near to days high. It formed bullish engulfing on the daily chart. It also gave the breakout of a trendline on a closing basis on the daily chart. We recommend buying above 207 for the target of 209 with the stop loss of 205.
ONGC — Stock is consolidating for more than a week but it has shown some strength on the daily chart in RSI and closed in green with good volumes. The RSI and CCI have shown the reversal on the daily chart. We recommend buying above 161 for the target of 163 with the stop loss of 159
2. DABUR[FUTURE]
MACRO NEWS
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.
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.
_____________________________________________________________________________________________________________________
Special Report 18 –APR -2019
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
BANKNIFTY
CE
30,500
144
9,15,499
BANKNIFTY
CE
30,600 90.05
7,70,503
BANKNIFTY
CE
30,700 48.05
6,08,895
RELIANCE
CE
1,360 25.45
11,150
TCS
CE
2,150
20.8
10,645
TCS
CE
2,200
7.9
10,437
RELIANCE
CE
1,400
11.9
9,229
RELIANCE
CE
1,380
17.3
8,487
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
Open Interest
3,63,460 Granules Pharmaceuticals Inc. received USFDA approval for Acetaminophen 650 mg, extended release tablets 3,32,260 4,44,400 NIFTY FUTURE NIFTY -Nifty gives a bullish continuation break out on the Daily chart climbing to a new all-time 24,15,000 high of 11810 and closing on a strong note as well. The 3,85,250 rally was largely supported by positive sentiments on the 9,47,500 back of FII inflows, muted crude prices and appreciating rupee. Derivatives data pointed to a short covering at 35,76,500 strikes of 11800 - 11900 on calls side while now we have 13,65,500 seen aggressive writing at 11700 - 11600 PE as well. This point to 11700 as strong support for this rally. We also 2,83,500 have seen some fresh longs created at 11900 - 12000 Open strikes. Interest
BANKNIFTY
PE
30,300 22.25
6,06,259
6,32,280
BANKNIFTY
PE
30,200 14.85
6,02,455
4,47,100
BANKNIFTY
PE
30,000
9.7
5,91,863
6,74,940
TCS
PE
2,100
11.7
8,252
5,24,250
RELIANCE
PE
1,320
14.4
5,963
11,93,000
RELIANCE
PE
1,340 22.45
5,143
9,48,500
TATAMOTORS PE TCS
PE
Ashoka Buildcon received letter of Award from Rail Vikas Nigam of Rs 443.23 crore
220
1.8
4,278
22,34,000
2,120
17.3
4,065
1,36,500
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
48370
3859.95
41877
3119.00
255368
20463.09
740.9548
INDEX OPTIONS
2535654
170904.27
2516615
169367.48
932686
74524.15
1536.791
STOCK FUTURES
171911
11104.54
179588
11474.01
1397356
91353.14
-369.477
STOCK OPTIONS
121375
7915.99
117731
7691.65
137595
8852.36
224.3397 2132.6085
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
11856
11821
11776
11742
11697
BANKNIFTY
30812
30672
30450
30309
30087
_____________________________________________________________________________________________________________________
Special Report 18 –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.
_____________________________________________________________________________________________________________________
Special Report 18 –APR -2019
RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM MAY ABOVE 8957 TGT 8972/8997/9032 SL BELOW 8882 SELL GUARGUM MAY BELOW 8747 TGT 8732/8707/8672 SL ABOVE 8822
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 7333 TGT 7348/7373/7408 SL BELOW 7258 SELL DHANIYA MAY BELOW 7128 TGT 7113/7088/7053 SL ABOVE 7203
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
_____________________________________________________________________________________________________________________
Special Report 18 –APR -2019
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
69.7075 Yen
62.3925
Euro
78.8600 GBP
91.30
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.
_____________________________________________________________________________________________________________________
Special Report 18 –APR -2019
Date
Commodity/ Currency Pairs
16/04/19
NCDEX DHANIYA
MAY
BUY
7189
16/04/19
NCDEX DHANIYA
MAY
Sell
16/04/19
NCDEX GUARGUM5
MAY
16/04/19
NCDEX GUARGUM5
16/04/19
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
MAY
SELL
8909
8879/8819/8769
8905
TARGET HIT
MCX GOLD
JUN
BUY
32155
32200/32250
32050
SL HIT
16/04/19
MCX GOLD
JUN
SELL
32000
31950/31900
32100
NOT EXECUTED
16/04/19
MCX SILVER
JUL
BUY
38500
38550/38600
38400
TARGET
16/04/19
MCX SILVER
JUL
SELL
38450
38400/38300
38550
TARGET
Entry Level
Target
Stop Loss
Remark
Target
Date
Scrip
CASH/ FUTURE/ Strategy OPTION
16/04/19
NIFTY
FUTURE
BUY
11700-11750
11800/11900
10900
TARGET
16/04/19
HAVELLS
FUTURE
BUY
767
770/775
764
SL HIT
16/04/19
PVR
FUTURE
BUY
1698
1706/1720
1690
TARGET
16/04/19
INFY
CASH
BUY
760-762
770/780
750
OPEN
_____________________________________________________________________________________________________________________
Special Report 18 –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 18 –APR -2019
Disclaimer The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility. The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. We are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid or Unpaid), any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.
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: 2019-04-18 09:57+05:30
_____________________________________________________________________________________________________________________