Special Report
19-Dec-2018
Global markets at a glance
World Indices
The benchmark S&P 500 stock index ended little changed in a choppy trading session on Tuesday as the possibility of a partial US government shutdown raised investor jitters ahead of a highly anticipated meeting of the Federal Reserve. The Dow Industrials and the Nasdaq posted slight gains, however, as shares of Boeing Co and the group of internet-focused momentum stocks known as FAANG rose.
Index
Value
% Change
DJI
23696
+0.37
S&P500
2546
+0.0086
NASDAQ
6783
+0.45
FTSE100
6701
-1.06
21115 25814
-1.82 -1.05
The Dow Jones Industrial Average rose 82.66 points, or 0.35 percent, to 23,675.64, the S&P 500 gained 0.22 point, or 0.01 percent, to 2,546.16 and the Nasdaq Composite added 30.18 points, or 0.45 percent, to 6,783.91.Asian share markets played second fiddle to bonds on Wednesday as a spectacular fall in the price of oil fanned speculation the US Federal Reserve might be done with tightening after its policy meeting later in the day. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.2 percent in hesitant early trade. Japan's Nikkei eased 0.1 percent, while E-Mini futures for the S&P 500 inched up 0.17 percent. PREVIOUS DAY ROUNDOFF The 30-share BSE Sensex recovered 300 points from day's low to end 77.01 points higher at 36,347.08, continuing uptrend for the sixth consecutive session.The 50-share NSE Nifty gained 20.30 points at 10,908.70, forming bullish candle on the daily scale.Nifty index partial filled its previous day’s gap and formed a bullish candle on a daily scale which indicates that decline is being bought in the market. The index has been shifting its support to higher zones and given a highest daily close in last 52 trading sessions since October 1, 2018After six-day gains, the market is expected to consolidate and some amount of profit taking can't be ruled out in coming sessions, experts said.
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
433.45
12.5
2.97
2,532.20
57.8
2.34
Power Grid Corp
196.35
3.8
1.97
M&M
770.95
14.6
1.93
JSW Steel
305.45
5.6
1.87
CMP
Change
% Chg
462.7 743.65 676.6 709 335.05
-39.15 -24.4 -17.8 -10.75 -4.55
-7.8 -3.18 -2.56 -1.49 -1.34
Sun Pharma Bajaj Finance
Top Losers Company
Zee Entertain UPL Infosys Tech Mahindra Wipro
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
53.8
3.6
6.69
1228.1
25.9
2.11
1860.55
-9.8
-0.53
1000
0
0
425.25
31.75
7.47
Prev. Close
Change
%Chg
2.35
0.05
2.13
3.5
0
0
DAMODARIND EASUNREYRL ENIL Indian Indices
45.15
1.35
2.99
5.45
0.25
4.59
594.4
3.25
0.55
Company
CMP
BANG GMMPFAUDLR HINDUNILVR ICICILIQ IRCON
Stocks at 52 Week’s LOW Symbol
Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[+0.44pts], Consumption[+0.27pts],PSE[+0.93pts],CPSE [+0.89pts],Energy[+0.72pts],FMCG[ -0.11pts],Auto [+0.73pts],Pharma[+0.79pts],IT[0.96pts],Metal+0.73pts],Realty[+0.21pts], Fin Serv sector [+0.48pts].
ADHUNIK AMTEKAUTO
NIFTY SENSEX
Change
% Chg
10908.7
20.3
+0.19
36347
77.01
+0.21
_____________________________________________________________________________________________________________________
Special Report
19-Dec-2018
RECOMMENDATIONS [FUTURE] 1. JUBILANT FOOD (FUTURE ) On Daily chart we have seen that stock near its resistence level, expectation it will broke its resistense level. . Fresh Buying we have seen in last trading session . After analysis of derivative data its indicate that traders view is to buy the stock . Our recommendation is also Buy the stock in the range of 1300 target 1305/1315 Sl 1285
STOCK RECOMMENDATION [CASH] JUBILANT FOOD On Daily chart we have seen that stock close above its pivot resistense level . Fresh buying we have seen in last trading session . After analysis of derivative data its indicate that traders view is to buy the stock . Our recommendation is also buy the stock in the range of 1300 target 1305/1315 Sl 1285
MACRO NEWS
India's retail inflation eased to 2.3 percent in November, according to data released by the government on December 12. It stood at 4.88 percent in November last year and was 3.31 percent in October.Led by deflation in food items, softening crude oil prices and relatively stable domestic currency, the central bank kept key policy rates unchanged last week.
The Cabinet on December 17 approved amending the existing laws to provide legal backing for seeding of biometric ID Aadhaar with mobile numbers and bank accounts as an optional KYC after the Supreme Court barred mandatory use of 12-digit unique identifier by private firms, sources said. The Cabinet headed by Prime Minister Narendra Modi approved amendments to the Telegraph Act and the Prevention of Money Laundering Act (PMLA) after the Supreme Court in September imposed restrictions on the use of Aadhaar by private companies.
Zydus Wellness that already has a strong presence in the sugar substitute market, has expanded its portfolio by launching a new variant Sugar Lite, said Tarun Arora, Chief Operating Officer and Director, Zydus Wellness.
2. BEML [FUTURE] On Daily chart we have seen that stock close above its pivot resistense level . Fresh buying we have seen in last trading session . After analysis of derivative data its indicate that traders view is to buy the stock . Our recommendation is also buy the stock in the range of 860 target 865/870 Sl 850
_____________________________________________________________________________________________________________________
Special Report
19-Dec-2018
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
BANKNIFTY
CE
27,200
146
6,66,145
BANKNIFTY
CE
27,000 266.6
5,29,579
BANKNIFTY
CE
27,100 199.75
4,56,970
RELIANCE
CE
1,140
18
10,334
RELIANCE
CE
1,160 10.25
8,624
MARUTI
CE
8,000
41.5
6,493
MARUTI
CE
7,800
111
5,783
RELIANCE
CE
1,180
5.35
5,674
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST Symbol
Optio Strike n Price Type
BANKNIFTY
Open Interest
Ashoka Buildcon: Subsidiary raises Rs 150 crore from Morgan Stanley India Infrastructure.
4,18,780 Glenmark Pharma: Company announces new data on GBR 1302, a HER2xCD3 Bispecific antibody, presented at 3,18,320 the ESMO Immuno-Oncology Congress 2018 1,86,740 NIFTY FUTURE In last trading session we have seen the 15,27,000 Buying pressure in the market. It form green bullish 15,07,000 candle on daily chart . We expect that upcoming week 2,66,025 from trading prospective is very volatile due to election result proposed. Our view on market is bearish ,our 1,48,800 recommendation is to sell the nifty future in the range of 17,11,000 10940 Target 10900/10850/10820 .Sell on rise strategy follow for trading & positional purpose. 2,83,500
LTP
Traded Volume (Contracts)
Open Interest
PE
26,800 27.65
5,59,333
7,79,060
BANKNIFTY
PE
26,700 20.15
4,43,334
6,25,400
BANKNIFTY
PE
26,900 40.05
3,92,771
5,36,420
RELIANCE
PE
1,120
9.2
6,949
6,12,000
RELIANCE
PE
1,100
4.75
6,665
9,06,000
RELIANCE
PE
1,080
2.8
3,715
7,36,000
RELIANCE
PE
1,140
17.4
3,041
5,16,500
MARUTI
PE
7,500
30
2,664
71,925
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
26678
1840.52
38895
2791.49
377881
29376.72
-950.9621
INDEX OPTIONS
1185497
71128.46
1174276
70187.60
878958
65759.96
940.8542
STOCK FUTURES
210703
11865.14
210530
12124.67
1472039
86493.72
-259.5285
STOCK OPTIONS
102821
6049.06
102233
6045.67
159528
8978.72
3.3828 -266.2536
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
10977
10943
10881
10846
10784
BANKNIFTY
27444
27309
27075
26940
26705
_____________________________________________________________________________________________________________________
Special Report
19-Dec-2018
RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD ABOVE 31200 TGT 31250/31300 SL BELOW 31100 SELL GOLD BELOW 31000 TGT 31950/31900 SL ABOVE 31200
COMMODITY ROUNDUP Crude prices were lower on Friday, as the Organization of the Petroleum Exporting Countries (OPEC) struggled to come up with an agreement on cutting oil production.West Texas Crude oil futures for January slumped 0.50% to $51.23 a barrel as of 4:54 AM ET (9:54 GMT), after falling nearly 3% on Thursday. Meanwhile Brent crudefutures, the benchmark for oil prices outside the U.S., dipped 0.45% to $59.78.The Thursday session of the OPEC meeting in Vienna ended without any decision on cutting oil supply, as Iran seeks an exemption from any cuts due to U.S. sanctions which have already weighed on its exports. Saudi Arabia’s oil minister Khalid Al Falih said on Friday that he is not confident a deal will be reached.Oil is down 30% since October amid worry over increased supply as global demand slows.Oil output from the world's biggest producers - OPEC, Russia and the United States - has increased by 3.3 million barrels per day (bpd) since the end of 2017, to 56.38 million bpd, meeting almost 60 percent of global consumption.
SILVER TRADING STRATEGY: BUY SILVER ABOVE 37800 TGT 37850/37925 SL BELOW 33600 SELL SILVER BELOW 37300 TGT 37200/37150 SL ABOVE 37400
Pan Pacific Copper (PPC), Japan's top copper smelter, expects the price of the industrial metal to rise toward $7,000 a tonne in 2019, from about $6,168 now, backed by firm global demand and tighter supply, its executive said.PPC, which is also a miner controlled by JXTG Holdings 5020.T , expects global consumption and supply of refined copper to each increase by 2.2 percent in 2019 from this year, Takeshi Suwabe, Pan Pacific's general manager for marketing, told Reuters this week. "With support from physical buyers, copper prices are likely to try $6,400 level in the short term," he said.Three-month copper CMCU3 on the London Metal Exchange has fallen 15 percent this year amid worries that the months-long U.S.Sino trade war may hurt the global economy including China.But Suwabe said global copper sales have been solid despite the trade spat and the price will likely climb toward $7,000 - the level needed for miners to start developing new mines - in the latter part of 2019 to reflect a tighter market Russian energy minister Alexander Novak returned to Vienna on Friday after discussing OPEC with Russian President Vladimir Putin in Moscow. said on Friday Russia would seek an agreement with OPEC and non-OPEC producers and a Russian Energy Ministry source said.
_____________________________________________________________________________________________________________________
Special Report
19-Dec-2018
RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM JAN ABOVE 8600 TARGET 815/8635/8660 SL 8650 SELL GUARGUM ABOVE JAN 8500 TARGET 8475/8480/8440 SL 8560
NCDEX INDICES Index
Value
% Change
Barley Castor Seed Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT
1830 5388 4544 6664 1923.5 4392.5
0.27 0.15 0.35 -2.76 -1.12 -0.42
Jeera
18235
0.49
4099 3373 6150
-0.32 -0.03 2.44
Mustardseed Soy Bean Turmeric
DHANIYA TRADING STRATEGY: BUY DHANIYA JAN ABOVE 6350 TARGET 6375/6390/6410 SL 6290 SELL DHANIYA JAN ABOVE 6300 TARGET 6285/6265/6240 SL 6360
Jeera prices rose 1.21 percent to Rs 18,895 per quintal in futures trade on December 7 as speculators created fresh positions, driven by pick-up in demand from stockists and overseas enquiries.Tight stocks position following restricted arrivals from the growing regions fuelled the uptrend. At the National Commodity and Derivatives Exchange, jeera for delivery in January rose by Rs 225, or 1.21 per cent, to Rs 18,895 per quintal, with an open interest of 3,114 lots. Coriander prices fell 0.02 per cent to Rs 6,503 a quintal in futures market on december 7 as participants cut down positions amid muted domestic as well as exports demand against ample stocks position.Besides, rising arrivals from major producing belts and profit-booking at higher levels weighed on the sentiment.At the National Commodity and Derivatives Exchange, coriander prices for delivery in Jauary declined by Rs 1, or 0.02 per cent, to Rs 6,503 per quintal with an open interest of 28,460 lots. Chana prices declined 0.24 per cent to Rs 4,622 per quintal in futures trade on December 7 as speculators reduced exposure amid subdued demand at the spot market against adequate stocks position.At the National Commodity and Derivatives Exchange, chana for delivery in December fell by Rs 11, or 0.24 per cent, to Rs 4,622 per quintal, with an open interest of 29,390 lots.imilarly, the commodity for delivery in February declined by Rs 25, or 0.54 per cent, to Rs 4,645 per quintal in 9,250 lots. Marketmen said trimming of positions by traders on the back of easing demand in the physical market against adequate stocks position mainly influenced chana prices at futures trade.
_____________________________________________________________________________________________________________________
Special Report
19-Dec-2018
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
71.62 Yen
63.32
Euro
81.35 GBP
90.33
USD/INR TRADING STRATEGY: USD/INR BUY USDINR NOV ABOVE 72 TGT 72.1 72.25 SL 71.8 SELL USDINR NOV BELOW 71.7 TGT 71.6 71.7 SL 71.9
GBP/INR TRADING STRATEGY: BUY GBPINR NOV ABOVE 90.6 TGT 90.7 90.8 SL 90.4 SELL GBPINR NOV BELOW 90.4 TGT 90.3 90.2 SL 90.6
The Indian rupee is trading higher by 35 paise at 70.55 per dollar on Friday versus previous close 70.90 per dollar. Rupee weakened sharply against the US dollar ahead of the important OPEC meeting that was scheduled last evening. In the second half of the session rupee rose after oil prices came under pressure following OPEC’s decision to delay a final decision on output cuts, awaiting support from non-OPEC heavyweight Russia. The declines came after crude slumped by almost 3% ending a meeting without announcing a decision to cut crude supply, instead preparing to debate the matter today, said Motilal Oswal. Indian bonds rose to over 8-month highs as rate hike fears faded after the central bank promised to keep buying government bonds to infuse liquidity, and also mentioned the probability of changing its rate stance if inflation risks do not mature. The 10-year benchmark bond yield fell to as low as 7.38 per cent, its lowest since April 11 and compared with its previous close of 7.44 per cent. The Indian rupee was weaker at 70.89 to the dollar tracking Asian peers, compared with 70.46 on Wednesday. Most Asian currencies fell on concerns over slowing global growth and a lack of resolution in the China-US trade war. India's central bank kept interest rates unchanged on Wednesday, in a decision that was widely expected as inflation has eased significantly, while it took steps to persuade banks to lend more in order to support an economy that has lost some momentum. India's central bank kept interest rates unchanged on Wednesday, in a decision that was widely expected as inflation has eased significantly, while it took steps to persuade banks to lend more in order to support an economy that has lost some momentum. The monetary policy committee (MPC) kept the repo rate unchanged at 6.50 percent on Wednesday as predicted by 64 of 70 analysts in a Reuters poll. The central bank also retained its "calibrated tightening" stance as expected.
_____________________________________________________________________________________________________________________
Special Report
19-Dec-2018
Date
Commodity/ Currency Pairs
18/12/18
NCDEX DHANIYA
JAN
BUY
6600
18/12/18
NCDEX DHANIYA
JAN
Sell
18/12/18
NCDEX GUARGUM5
JAN
18/12/18
NCDEX GUARGUM5
18/12/18
Contract Strategy
Entry Level
Stop Loss
Remark
6615/6630/66 60
6540
TARGET
6570
6555/6530/65 20
6630
TARGET
BUY
8900
8915/8935/89 60
8850
NOT EXECUTED
JAN
SELL
8850
8835/8820/87 90
8910
TARGET HIT
MCX GOLD
JAN
BUY
31600
31650/31725
31500
NOT EXECUTED
18/12/18
MCX GOLD
JAN
SELL
31500
31420/31375
31700
TARGET HIT
18/12/18
MCX SILVER
MAR
BUY
38300
38375/38425
38175
NOT EXECUTED
18/12/18
MCX SILVER
MAR
SELL
38100
38000/37975
38225
NOT EXECUTED
Entry Level
Target
Stop Loss
Remark
Target
Date
Scrip
CASH/ FUTURE/ Strategy OPTION
18/12/18
NIFTY
FUTURE
SELL
10940
10900/10850/ 10820
11000
NOT EXECUTED
18/12/18
JUBILANT FOOD
FUTURE
BUY
1270
1280/1290
1250
TARGET
18/12/18
BEML
FUTURE
BUY
850
860/865
830
TARGET HIT
18/12/18
JUBILANT FOOD
CASH
BUY
1270
1280/1290
1250
TARGET HIT
_____________________________________________________________________________________________________________________
Special Report
19-Dec-2018
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS TIME (ET)
REPORT
PERIOD
ACTUAL
FORECAST
PREVIO US
MONDAY, DEC. 3 9:45 am
Markit manufacturing PMI
Nov.
--
55.4
10 am
Construction spending
Oct.
0.3%
0.0%
TUESDAY, DEC. 4
TUESDAY, DEC. 4
TUESDAY, TUESDAY, DEC. 4 DEC. 4
TUESDA TUESDAY, DEC. Y, DEC. 4 4
WEDNESD AY, DEC. 5
WEDNESDAY, DEC. 5
WEDNESD WEDNESDAY, WEDNESDAY, DEC. 5 AY, DEC. 5 DEC. 5
WEDNE SDAY, DEC. 5
8:15 am
ADP employment
Nov.
---
227,000
8:30 am
Productivity
Q3
2.3%
2.2%
9:45 am
Markit services PMI
Nov.
--
55.4
10 am
ISM nonmanufacturing index
Nov.
59.8%
60.3%
--
--
--
-THURSD AY, DEC. 6
10 am
Varies
8:30 am
10 am
9:45 am
9:45 am 2 pm
Quarterly services survey
Markit manufacturing index flash
Nov.
Markit Beigeservices book index flash
Nov.
Q3
--
55.7
--
54.8
THURSDAY THURSDAY, DEC. 6 , DEC. 6
THURSDA THURSDAY, DEC. 6 Y, DEC. 6
THURSDAY, DEC. 6
8:30 am
12/1
225,000
Weekly jobless claims
234,000
8:30 am 10 am
The
Factory orders
Oct.
-2.0%
0.7%
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
_____________________________________________________________________________________________________________________