Special Report
18-MAR-2019
Global markets at a glance US stocks rose on Friday, led by technology companies, as a report on progress in US-China trade talks lifted sentiment, pushing the S&P 500 to its best week since November. China’s state-run Xinhua news agency said Washington and Beijing were making substantive progress on trade talks, providing relief after news that a summit to seal a deal between the two sides would not happen at Marchend.The Dow Jones Industrial Average rose 138.93 points, or 0.54 percent, to 25,848.87, the S&P 500 gained 14 points, or 0.50 percent, to 2,822.48 and the Nasdaq Composite added 57.62 points, or 0.76 percent, to 7,688.53. Asian share markets crept ahead on Monday while bonds were in demand globally on speculation the US Federal Reserve will sound decidedly dovish at its policy meeting this week.Japan’s Nikkei led the way with a rise of 0.7 percent, and MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.1 percent. E-Mini futures for the S&P 500 were just a fraction lower. The S&P 500 boasted its best weekly gain since the end of November last week, while the Nasdaq had its best week so far this year. PREVIOUS DAY ROUNDOFF Benchmark indices ended higher but off day's high on the back of last hour selling pressure.The Sensex was up 269.43 points at 38024.32, while Nifty was up 83.60 points at 11,426.90. About 1172 shares have advanced, 1452 shares declined, and 162 shares are unchanged. Among the gainers, Kotak Mahindra Bank rose 4%, followed by Power Grid Corp, TCS, ICICI Bank and SBI, while on the other hand HUL shed 2 percent, followed by Yes Bank, RIL, Bharti Airtel and ITC on the Sensex.On the sectoral front, IT index has outperformed the other indices with nearly 2 percent gain followed by auto, infra, metal and pharma, while selling was seen in the FMCG space.Nifty Bank continued its upward momentum as it ended 1.6 percent higher at 29381.50. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[+26.75pts], Consumption[-29.60pts],PSE[+78.15pts],CPSE [+56.55pts],Energy[+21.25pts],FMCG[-513.9pts],Auto [+22.55pts],Pharma[+36.85pts],IT[+286.15pts],Metal [+6.20pts],Realty[-0.20pts], Fin Serv sector[+179.10pts].
World Indices Index
Value
% Change
DJI
25848
+0.54
S&P500
2822
+0.50
NASDAQ
7688
+0.76
FTSE100
7228
+0.60
21593 29255
+0.66 +0.84
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
1,325.15
56.2
4.43
IOC
157.35
6.25
4.14
HPCL
276.95
9.8
3.67
156
4.95
3.28
193.25
5.65
3.01
CMP
Change
% Chg
1,698.40 245.05 290.8 1,321.65 337.7
-38.9 -4.8 -4.7 -19.9 -4.7
-2.24 -1.92 -1.59 -1.48 -1.37
Kotak Mahindra
ONGC Power Grid Corp
Top Losers Company
HUL Yes Bank ITC Reliance Bharti Airtel
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
AGROPHOS
74.8
1.5
2.31
ALOKTEXT
5.55
0.25
4.72
ANUP
683.8
-11.8
-1.78
ARVINDFASN
791.8
37.7
5
3,002.30
60.75
2.07
Prev. Close
Change
%Chg
4.85
0.05
0.98
1.7
-0.05
-2.86
0.55 554.2 1.5
0.05 -44.5 -0.05
8.33 -7.3 -3.23
BANKBEES
Stocks at 52 Week’s LOW Symbol
CYBERMEDIA DNAMEDIA EUROMULTI FSC HOTELRUGBY
Indian Indices Company
NIFTY SENSEX
CMP
Change
% Chg
11426.9
+83.6
+0.74
38024
+269.43
+0.71
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Special Report
18-MAR-2019
RECOMMENDATIONS [FUTURE]
STOCK RECOMMENDATION [CASH]
1. HPCL [FUTURE ]
ICICI BANK [CASH] ICICI BANK looking good & traded at all time high .In bankinkg space icici bank perfoming outstanding .Our view is bullish & suggest to buy stock in range 393-395 target 400-405 sl below 387 .Stock is treaded above all its important moving averages.
HPCL– In last week seen that buying in Oil & gas companies share like HPCL ,BPCL , IGL . On weekly chart green large candle formed & closing of stock above 200 DEMA. Stock also give breakout of resistense near 260-264 . From now we expect that buying in HPCL continue in upcoming week also. Our view is bullish & recommendation is to Buy for the target of 273. Buy on decline in between 268-270 Sl below 265 . HPCL is going to replace from britannia in Nifty 50 from March 29, 2019. So , it may possible that Mutual fund housees may reduce some part of exposeer from this stock .
MACRO NEWS
2. MCX [FUTURE] MCX— On weekly chart stock give trendline breakout & seen that hammer pattern followed by three white soldiers ,both this are bullish pattern .Our view on the technical basis is to buy stock future in range 750-760 Target 780/800/840 Sl below 730 . Strong base was formed in stock near 660-670 .
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
18-MAR-2019
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
BANKNIFTY
CE
BANKNIFTY
Oil India -Joint Venture Partners of Mozambique Rovuma Offshore Area 1, concludes over 9.5 MMTPAof LNG Sale and Purchase Agreements
LTP
Traded Volume (Contracts)
Open Interest
29,500
204
5,95,679
3,68,180
CE
30,000
55
4,46,645
3,73,120
BANKNIFTY
CE
29,700 123.55
4,26,292
TCS
CE
2,100
22.4
18,796
2,25,820 Karnataka Bank: The bank partners with Karvy DigKonnect for contact centre services. 7,36,000
TCS
CE
2,050
39
15,208
SBIN
CE
300
5.3
9,443
KOTAKBANK
CE
1,340 23.95
9,106
RELIANCE
CE
1,380
8,529
7.85
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST Symbol
Optio Strike n Price Type
BANKNIFTY
5,69,250 NIFTY FUTURE NIFTY - On Thursday market is in narrow range due to 54,45,000 weekly expiry of Nifty 50 option . Nifty opened at high 6,11,200 but not sustain & last two days Pre –Election rally has stoped for a time being ,but it may expected to be 7,77,500 contiune upto 11500 . Buying in Banking, NBFC , & 2,83,500 Reality sector .On teachnical point of view nifty broke a channel line & our recommendation is to Buy nifty future Open on decline in range 11300-11330 Target 11380/11415 Sl Interest 11240 .
LTP
Traded Volume (Contracts)
PE
29,000 76.95
4,75,620
6,89,440
BANKNIFTY
PE
29,200
117
2,69,473
2,25,000
BANKNIFTY
PE
29,100
92
2,65,801
2,21,080
RELIANCE
PE
1,340
30.4
7,829
5,21,500
RELIANCE
PE
1,300
13.7
7,771
10,52,000
RELIANCE
PE
1,320
20
6,380
5,63,500
TCS
PE
2,000 21.95
5,787
4,31,500
RELIANCE
PE
1,280
3,657
7,11,500
9.3
Mindtree to consider proposal of buyback on March 20
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
18-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 Oil prices rose on Wednesday, buoyed by an official forecast showing slower-than-expected U.S. production, and as U.S. Gold rose on Friday, recovering from the previous session's sharp fall, as the dollar dipped and mounting concerns about a slowdown in global economic growth buoyed demand for the safe-haven metal.Spot gold XAU= had gained by 0.6 percent to $1,303.30 per ounce as of 0833 GMT, after shedding about 1 percent the day before. It was on track for a small weekly gain for a second consecutive week.U.S. gold futures GCcv1 rose 0.6 percent to $1,302.90 an ounce.The dollar .DXY slipped 0.2 percent against major currencies, and was on track for its biggest weekly loss since early December. USD/"The dollar has weakened and gold as a safe-haven asset has seen support from Brexit uncertainty. As long as gold can hold the $1,290 level, it can reach the first level of $1,302 and then $1,310," said Ajay Kedia, director at Kedia Commodities in Mumbai."The support we are now seeing at $1,290 shows that as long as there is lack of clarity on the (Brexit) deal, gold should be holding well."British lawmakers voted on Thursday to seek a delay in Brexit, setting the stage for Prime Minister Theresa May to renew efforts to get her divorce deal approved by the parliament next week. additional support to bullion were increasing signs of a global economic slowdown, analysts said. Malaysian palm oil futures charted a third consecutive week of declines on Friday evening on concerns over demand from top buyers China and India, though prices reversed some losses to end the trading day slightly higher.Abundant supplies in key consumers of the tropical product are expected to weigh on the market, although the downside is limited, traders said.The benchmark third-month palm oil contract 1FCPOc3 on the Bursa Malaysia Derivatives Exchange was up 0.15 percent at 2,066 ringgit ($505.26) a tonne by the end of the trading day.Earlier in the session, it dropped to its weakest since mid-December at 2,038 ringgit a tonne."There is some scope for prices to decline, but as soon as the third-month contract drops below 2,000 ringgit a tonne, buying will kick in," said one Singapore-based trader who supplies palm oil to India.Palm oil is down 2.8 percent this week, and has shed 2.6 percent since the start of the month. POI/European nations were cutting down on palm oil consumption due to environmental concerns.
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Special Report
18-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
India's import of vegetable oils in February rose 7.4% to 12.42 lakh tonnes on sharp rise in shipments of refined palm oil, according to latest data from the Solvent Extractors' Association of India (SEA)."Import of vegetable oils during February 2019 is reported at 1,242,533 tonnes compared to 1,157,044 tons in February 2018," SEA said in a statement.While import of edible oil increased to 11,82,062 tonnes in February 2019 from 11,24,999 tonnes in the year-ago period, the inward shipments of non-edible oil nearly doubled to 60,471 tonnes from 32,045 tonnes. During November-February period of 2018-19 oil year, the overall import of vegetable oils went up by 1.61% to 48,62,849 tonnes compared to 47,85,778 tonnes in the corresponding period of the previous year."Ministry of Finance with effect from January 1, 2019, reduced import duty on palm oil and also reduced the duty difference between crude and palm oil from 10% to 5% on palmolein to be imported from Malaysia". This has resulted into sharp increase in import of RBD Palmolein which nearly doubled to 2,41,101 tonnes in February 2019 from 1,30,459 tons in December 2018, up by 85% at the cost of reduced import of CPO (crude palm oil), SEA said.The association said the imports could rise further in coming months considering the shipments that are lined up from Malaysia for export of RBD Palmolein to India."This development has the potential of sounding the death knell of palm refining industry in our country, if this aberration is not corrected," SEA cautioned. During November'18-February'19, the import of refined oil (RBD Palmolein) increased to 6,47,900 tons from 6,07,359 tons in same period of last year. However, import of crude palm oil decreased to 39,63,912 tonnes from 40,48,091 tonnes during the same period of last year .
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Special Report
18-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
18-MAR-2019
Date
Commodity/ Currency Pairs
15/03/19
NCDEX DHANIYA
APR
BUY
6570
15/03/19
NCDEX DHANIYA
APR
Sell
15/03/19
NCDEX GUARGUM5
MAR
15/03/19
NCDEX GUARGUM5
15/03/19
Contract Strategy
Entry Level
Stop Loss
Remark
6585/6600/6615
6510
NOT EXECUTED
6530
6515/6495/6470
6590
TARGET
BUY
8830
8845/8860/8890
8770
TARGET
MAR
SELL
8800
8785/8760/8740
8860
NOT EXECUTED
MCX GOLD
APR
BUY
32170
32230/32270
32100
NOT EXECUTED
15/03/19
MCX GOLD
APR
SELL
32100
32070-32050
32200
TARGET
15/03/19
MCX SILVER
MAY
BUY
38800
38850/38900
38720
NOT EXECUTED
15/03/19
MCX SILVER
MAY
SELL
38700
38640/38600
38760
TARGET
Entry Level
Target
Stop Loss
Remark
Target
Date
Scrip
CASH/ FUTURE/ Strategy OPTION
15/03/19
NIFTY
FUTURE
BUY
11150-11160
11250-11300
11000
NOT EXECUTED
15/03/19
BEML
FUTURE
BUY
960-963
980/1000
940
TARGET
15/03/19
TATAGLOBAL
FUTURE
BUY
205-206
208/215
200
TARGET
15/03/19
IIFL
CASH
BUY
404-405
410/420
400
TARGET
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Special Report
18-MAR-2019
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS TIME (ET)
REPORT
PERIOD
ACTUA FORECAST PREVIOUS L
THE GOVERNMENT SHUTDOWN WILL DELAY THE RELEASE OF SOME DATA THIS WEEK. MONDAY, MARCH 18 10 am
Home builders' index
March
8:30 am
Housings starts*
Feb.
10 am
Factory orders* (new date)
Jan.
--
62
TUESDAY, MARCH 19 DELAYE D
-0.4%
0.1%
2.25-2.5%
2.25-2.5%
WEDNESDAY, MARCH 20 2 pm
Federal Reserve announcement
2:30 pm
Jerome Powell press conference
THURSDAY, MARCH 21 8:30 am
Weekly jobless claims
3/16
225,000
229,000
8:30 am
Philly Fed index
March
5.0
-4.1
--
-2.4%/GDP
9:45 am8:30Markit Nov. deficit* (new date) -am manufacturing index flash Current account 9:45 am
Markit services index flash
Nov.
Q4
--
55.7 54.8
10 am
Quarterly services survey* (new date)
Q4
--
--
10 am
Leading economic indicators
Feb.
--
-0.1%
9:45 am
Markit manufacturing PMI (flash)
March
--
53.0
9:45 am
Markit services PMI (flash)
March
--
56.0
10 am
Existing home sales
Feb.
5.10mln
4.94 mln
10 am
Wholesale inventories* (new date)
Jan.
--
1.1%
2 pm
Federal budget* (new date)
Feb.
--
-$215bln
FRIDAY, MARCH 22
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Special Report
18-MAR-2019
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Sachi n Yadav
Digitally signed by Sachin Yadav DN: cn=Sachin Yadav c=IN o=Personal Reason: I am the author of this document Location: Date: 2019-03-18 09:10+05:30
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