Special Report
19-MAR-2019
Global markets at a glance
World Indices
Banks and tech helped lead Wall Street higher on Monday, while Boeing and Facebook were a drag and investors eyed this week’s US Federal Reservemeeting for affirmation of its commitment to “patient” monetary policy.The Dow Jones Industrial Average rose 65.23 points, or 0.25 percent, to 25,914.1, the S&P 500 gained 10.46 points, or 0.37 percent, to 2,832.94 and the Nasdaq Composite added 25.95 points, or 0.34 percent, to 7,714.48
Index
Value
% Change
DJI
25914
+0.25
S&P500
2832
+0.37
NASDAQ
7714
+0.34
FTSE100
7299
+0.98
21543 29398
-0.19 -0.04
Asian shares treaded water on Tuesday ahead of a US Federal Reserve policy meeting, hovering near six-month highs, while sterling was choppy as thespeaker of Britain’s parliament banned another vote on same Brexit deal.MSCI’s broadest index of Asia-Pacific shares outside Japan was virtually flat, just a hair away from the highest level since September 21. Japan’s Nikkei average dropped 0.5 percent, while Australian stocks eased 0.1 percent.Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 21 points or 0.18 percent. Nifty futures were trading around 11,532-level on the Singaporean Exchange.
Top Gainers
PREVIOUS DAY ROUNDOFF Indian equity markets closed the trade on a volatile note as pendulum swings weighed in. Nifty continued its positive momentum, closing higher for the sixth trading day in a row. Reliance Industries contributed majority of the gains in Nifty and added fresh long positions as open positions continued to soar higher along with a rise in the stock price.Bajaj Finance added fresh long positions and is just ~2% away from breaching its life time high level. Midcap stocks continued their underperformance for the fourth day in a row as sharp selling was seen in major midcap names. Nifty Bank index gained ~0.75% led by strong gains in Axis & Kotak Bank. Market breadth ended in the favor of declines with the advance/decline ratio closing at 1:1.5x.
NIKKEI HANG SENG Company
CMP
Change
% Chg
HPCL
286.8
9.85
3.56
IOC
162.8
5.45
3.46
2,929.55
68.8
2.4
BPCL
405.55
9.25
2.33
JSW Steel
294.95
6.5
2.25
CMP
Change
% Chg
6,909.10 2,669.50 257.6 330.6 1,012.00
-174.9 -66.35 -5.85 -7.1 -17.3
-2.47 -2.43 -2.22 -2.1 -1.68
Bajaj Finance
Top Losers Company
Maruti Suzuki Hero Motocorp Wipro Bharti Airtel HCL Tech
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
5.8
0.25
4.5
831.35
39.55
4.99
AXISBANK
756
19.3
2.63
BANKBEES
3,051.30
22.34
0.75
BILENERGY
2.4
0.1
4.35
Prev. Close
Change
%Chg
14.85
0
0
0.4
0.05
12.5
4.85 1.65 8.55
-0.1 -0.05 -0.45
-1.96 -2.94 -5
ALOKTEXT ARVINDFASN
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[+33.55pts], Consumption[-10.95pts],PSE[+31.75pts],CPSE [+16.05pts],Energy[+286.95pts],FMCG[+218.90pts],Auto[121pts],Pharma[-16.8pts],IT[-187.15pts],Metal [+20.15pts],Realty[+7.10pts], Fin Serv sector[+63.55pts].
ABMINTLTD BILPOWER CYBERMEDIA DNAMEDIA FEDDERELEC
Indian Indices Company
CMP
Change
% Chg
NIFTY
11462
+35.30
+0.31
SENSEX
38095
+70.75
+0.19
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Special Report
19-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 395 target 400-405 sl below 390 .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 292. Buy on decline in between 283-285 Sl below 280 . 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 770 Target 780/800/840 Sl below 750 . Strong base was formed in stock near 660-670 .
Oil prices hovered just below 2019 highs early on Tuesday, supported by ongoing supply cuts led by producer club OPEC. US sanctions against oil producers Iran and Venezuela are also boosting crude prices, although traders say the market looks capped by rising American output.US West Texas Intermediate (WTI) futures were down four cents at $59.05 per barrel at 0026 GMT, close to the 2019 high of $59.23 reached the previous day. Brent crude oil futures were down six cents at $67.48 per barrel, within a dollar of this year’s high of $68.14 reached late last week. Oil producer group OPEC on Monday scrapped its planned meeting in April and will decide instead whether to extend output cuts in June, once the market has assessed the impact of US sanctions on Iran and the crisis in Venezuelda. A ministerial panel of OPEC and its allies recommended that they cancel the extraordinary meeting scheduled for April 17-18 and hold the next regular talks on June 25-26. The energy minister of OPEC's de facto leader, Saudi Arabia, said the market was looking oversupplied until the end of the year but that April would be too early for any decision on output policy.
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Special Report
19-MAR-2019
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
BANKNIFTY
CE
30,000
106
7,57,738
BANKNIFTY
CE
29,800
172
5,60,085
BANKNIFTY
CE
29,900 134.95
5,13,450
RELIANCE
CE
1,360
26
9,815
RELIANCE
CE
1,400
10.8
9,575
HDFCBANK
CE
2,300 21.75
8,366
TCS
CE
2,100
15.4
8,366
AXISBANK
CE
760
14.2
8,350
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST
Open Interest
HCL Technologies entered into a shared services arrangement with Xerox Corporation
6,94,860 Reliance Communications: The agreements dated December 28, 2017 and August 11, 2018 entered into 3,25,680 between company, RTL, RITL (RCOM Group) and Reliance 3,57,140 Jio respectively for sale of certain specified telecom assets have been terminated today by mutual agreement 9,21,000 10,06,500 NIFTY FUTURE 5,61,000
NIFTY - On Thursday market is in narrow range due to 8,44,500 weekly expiry of Nifty 50 option . Nifty opened at high 18,73,200 but not sustain & last two days Pre –Election rally has stoped for a time being ,but it may expected to be 2,83,500 contiune upto 11500 . Buying in Banking, NBFC , & Open Reality sector .On teachnical point of view nifty broke a Interest channel line & our recommendation is to Buy nifty future on decline in range 11400 Target 11500/11570 Sl 11350.
Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
BANKNIFTY
PE
29,000
37.3
5,75,884
7,55,280
BANKNIFTY
PE
29,500 118.8
5,07,039
5,62,720
BANKNIFTY
PE
29,300
75
4,67,473
3,32,040
RELIANCE
PE
1,300
7.55
8,219
14,27,000
MARUTI
PE
6,800
93
6,802
80,400
RELIANCE
PE
1,320 10.95
6,649
7,59,500
RELIANCE
PE
1,340
15.6
6,153
7,50,000
MARUTI
PE
6,500 35.45
4,987
59,625
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
61752
4625.54
52201
3797.56
333651
26741.09
827.9822
INDEX OPTIONS
3431770
225369.27
3425525
224818.05
1030800
79742.71
551.2238
STOCK FUTURES
189178
11931.33
202116
12733.15
1449156
91856.92
-801.8185
STOCK OPTIONS
156784
10119.09
155849
10059.90
138378
8721.81
59.1966 636.5841
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
11586
11524
11468
11406
11350
BANKNIFTY
30040
29818
29589
29367
29139
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Special Report
19-MAR-2019
RECOMMENDATIONS GOLD TRADING STRATEGY: Gold BUY ABOVE 31780 TARGET 31800/31850 SL 31740 Gold Sell BELOW 31680 TARGET 31650/31600 SL 31750
SILVER TRADING STRATEGY: Silver BUY ABOVE 38300 TARGET 38350/38400 SL 38200 Silver Sell BELOW 38120 TARGET 38050/38000 SL 38240
COMMODITY ROUNDUP A weak global trend and easing demand from local jewellers pulled down gold prices by Rs 280 to Rs 32,830 per 10 gram at the bullion market on Monday, according to All India Sarafa Association.Besides, silver prices drifted down by Rs 345 to Rs 38,725 per kg due to reduced offtake by industrial units and coin makers.Traders said apart from a weak trend overseas, as equity markets gained and the dollar steadied ahead of a US Federal Reserve policy meeting later this week, fading demand from local jewellers and retailers mainly weighed on gold prices here.Globally, gold price was quoted at USD 1,299.30 an ounce, down 0.31 per cent and silver stood at USD 15.34 an ounce, lower by 0.13 per cent in New York.In the national capital, gold of 99.9 and 99.5 per cent purity declined by Rs 280 to Rs 32,830 and Rs 32,660 per 10 gram, respectively. The precious metal had lost Rs 260 on Friday. Sovereign gold, however, remained flat at Rs 26,400 per eight gram.Tracking overall trend, silver ready too moved down by Rs 345 to Rs 38,725 per kg and weekly-based delivery by Rs 477 to Rs 37,865 per kg.Silver coins dropped by Rs 1,000 to Rs 79,000 for buying and Rs 80,000 for selling of 100 pieces. Russia said it will take a wait and see approach on whether to extend OPEC+ output cuts because the market has achieved a fragile balance, contrasting with Saudi Arabia’s view there’s still more to be done to restore oil market fundamentals.“Currently, the price is acceptable to all the parties, both to consumers and producers, and you can see that the level of volatility is extremely low,” Russia’s Energy Minister Alexander Novak said in an interview with Bloomberg TV late Sunday in Baku, Azerbaijan. “We may be balanced today but we don’t know what’s going to happen.”Uncertainties, including fluctuations in Venezuelan production, make it difficult to say what steps the Organization of Petroleum Exporting Countries and its allies should take in the second half of the year when the current deal expires, Novak said after a day of bilateral discussions with his OPEC+ counterparts.Russia thinks a decision on whether to extend cuts should be made by May or June, Novak said at a briefing Sunday. That’s a more relaxed stance than that of Saudi Arabia, the de-facto OPEC leader. The Kingdom’s Energy Minister Khalid al-Falih said at the briefing the job of stabilizing the oil market is “nowhere near complete” and OPEC+ needs to “stay the course” until June.
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Special Report
19-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
El Nino may make a comeback this year to upset the expectations of a good monsoon, according to the latest report by the US-based National Oceanic and Atmospheric Administration (NOAA).El Nino is a climate cycle formed in the Pacific Ocean with an impact on weather patterns across the globe. The cycle begins when warm water in the western tropical Pacific Ocean shifts eastward along the equator towards the coast of South America. NOAA forecasters have said that there is a 60% chance of El Ni単o conditions continuing through June to August in India. The India Meteorological Department (IMD), however, maintained that neutral El Ni単o-Southern Oscillation (ENSO) conditions are prevailing at present, indicating weak El Ni単o formation."El Nino was supposed to start at the end of last year but it was wrongly predicted. Currently there is a very weak prevalence of El Ni単o. Some models suggest that it would retain for the next two to three months, and only thereafter it will weaken. Even at this stage it is weak," a scientist at IMD, Pune, told IANS.Earlier this year, the Ministry of Earth Sciences had said that there was no indication of El Nino developing and it wont have any impact on the upcoming monsoon."It is too early to talk about its impact on monsoon. May be around mid-April and May-end we will have a clear picture of El Nino's prevalence," IMD said.El Nino forecasts, issued in December 2018 by the IMD for the January-February-March period this year, maintained that the Sea Surface Temperatures (SSTs), which is the main indicator of the development of the phenomenon, would remain slightly warm over the central Pacific region.Except for Kerala, all other subdivisions in the southern peninsular regions -- Tamil Nadu and Puducherry, coastal Andhra Pradesh, Telangana, Rayalaseema and South Interior Karnataka -- received poor rainfall from October to December last year. The northeast monsoon ended up 44% deficient.
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Special Report
19-MAR-2019
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
68.6075 Yen
61.6375
Euro
78.0250 GBP
91.1275
USD/INR TRADING STRATEGY: BUY USDINR FUTURE ABOVE 68.70 TARGET 68.8/68.8 SL 68.5 SELL USDINR FUTURE BELOW 68.5 TARGET 68.4/68.3 SL 68.7
GBP/INR TRADING STRATEGY: BUY GBPINR FUTURE ABOVE 91 TARGET 91.10/91.20 SL 90.8 SELL GBPINR FUTURE BELOW 90.9 TARGET 90.8/90.7 SL 91.2
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
19-MAR-2019
Date
Commodity/ Currency Pairs
18/03/19
NCDEX DHANIYA
APR
BUY
6570
18/03/19
NCDEX DHANIYA
APR
Sell
18/03/19
NCDEX GUARGUM5
MAR
18/03/19
NCDEX GUARGUM5
18/03/19
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
31780
31800/31850
31740
NOT EXECUTED
18/03/19
MCX GOLD
APR
SELL
31850
31800/31770
31920
TARGET
18/03/19
MCX SILVER
MAY
BUY
38300
38350/38400
38200
NOT EXECUTED
18/03/19
MCX SILVER
MAY
SELL
38120
38050/38000
38240
TARGET
Entry Level
Target
Stop Loss
Remark
Target
Date
Scrip
CASH/ FUTURE/ Strategy OPTION
18/03/19
NIFTY
FUTURE
BUY
11150-11160
11250-11300
11000
NOT EXECUTED
18/03/19
HPCL
FUTURE
BUY
268-270
273
265
TARGET
18/03/19
MCX
FUTURE
BUY
750-760
780/800/840
730
TARGET
18/03/19
ICICI
CASH
BUY
393-395
400-405
387
TARGET
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Special Report
19-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
19-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: 2019-03-19 09:24+05:30
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