Special Report
20 -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
2506
-1.54
NASDAQ
6636
-2.17
FTSE100
6765
+0.96
20987 25865
-0.60 +0.20
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 Indian equity markets continued to trend higher and extended their rally for the seventh consecutive session on Wednesday.Nifty opened the session gap up and traded with a positive bias throughout the day before closing 58 points higher at 10,967. Bank Nifty too ended up 123 points at 27,298 led by a strong surge in PSU banking stocks. Nifty PSU Bank Index closed the day ~2.9% higher.Rate-sensitive stocks put up a strong show in Wednesday’s trade after the Reserve Bank of India (RBI) said it will buy more government bonds to pump liquidity into the system.All eyes will now shift to the outcome of the US Federal Reserve's monetary policy meeting which culminates later in the day.Tracking the derivative data points, Nifty and Bank Nifty Futures continued to add fresh long positions in the December series. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[+1pts], Consumption[+1.25pts],PSE[+0.89pts],CPSE [+0.73pts],Energy[+0.53pts],FMCG[+1.27pts],Auto [+1.10pts],Pharma[ -0.19pts],IT[-0.94pts],Metal [+0.41pts],Realty[+2.95pts], Fin Serv sector[+1.04pts].
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
839.65
63.05
8.12
6,405.45
252.8
4.11
Axis Bank
641.65
22.25
3.59
Bharti Infratel
263.45
8.85
3.48
1,400.25
44.55
3.29
CMP
Change
% Chg
957.15 423.8 664.85 1,612.65 1,968.45
-28.05 -9.65 -11.75 -26.9 -19.4
-2.85 -2.23 -1.74 -1.64 -0.98
Indiabulls Hsg Bajaj Finserv
Asian Paints
Top Losers Company
HCL Tech Sun Pharma Infosys IndusInd Bank TCS
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
ADHUNIK AMTEKAUTO
NIFTY SENSEX
Change
% Chg
10967.30
58.6
+0.54
36484
137.25
+0.38
_____________________________________________________________________________________________________________________
Special Report
20 -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 1360 target 1370/1380 Sl 1340
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 1360 target 1370/1380 Sl 1340
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
20 -Dec-2018
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
Open Interest
BANKNIFTY
CE
27,500
43 10,90,675
11,92,420
BANKNIFTY
CE
27,400 72.25
8,30,005
BANKNIFTY
CE
27,300 111.75
5,65,683
MARUTI
CE
8,000
68.2
13,803
RELIANCE
CE
1,160
8.6
10,985
RELIANCE
CE
1,140
15.6
8,401
SBIN
CE
300
5.1
7,567
MARUTI
CE
8,100
36.5
6,666
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST Symbol
Optio Strike n Price Type
BANKNIFTY
PE
BANKNIFTY
Pfizer: Parent company Pfizer Inc USA and GlaxoSmithKline plc entered into an agreement to create a premier global consumer healthcare company.
TCS: Company launched next-generation private cloud in 5,58,720 Canada. 4,91,840 NIFTY FUTURE In last trading session we have seen the 1,78,575 Buying pressure in the market. It form green bullish 16,80,000 candle on daily chart . We expect that upcoming week 14,45,000 from trading prospective is very volatile due to election result proposed. Our view on market is bearish ,our 45,84,000 recommendation is to sell the nifty future in the range of 53,625 10940 Target 10900/10850/10820 .Sell on rise strategy follow for trading & positional purpose. 2,83,500
LTP
Traded Volume (Contracts)
Open Interest
27,200
75
7,48,142
5,15,880
PE
27,100
45.1
7,08,339
5,37,600
BANKNIFTY
PE
27,000
28
6,39,440
8,68,640
RELIANCE
PE
1,120
9.6
7,355
6,31,500
RELIANCE
PE
1,140
17.7
5,862
7,27,500
RELIANCE
PE
1,100
5.45
5,172
8,10,000
MARUTI
PE
7,700
38
4,426
74,850
MARUTI
PE
7,800
58
3,713
63,225
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
11017
10992
10960
10935
10902
BANKNIFTY
27442
27370
27292
27220
27142
_____________________________________________________________________________________________________________________
Special Report
20 -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
20 -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
Despite a reduction in Australian production, world wheat supplies for 2018-19 have increased by 800,000 tonnes, according to the latest US Department of Agriculture world supply report.A bumper Canadian crop and additional Russian carry-over stocks have levelled out the gap in grain production as Australian production suffers the effects of drought.Australia’s wheat exports were lowered by one million tonnes to 10.5 million tonnes, as export prices were expected to remain uncompetitive and domestic grain supplies likely to be consumed as feed, the report said.In comparison, Australian wheat exports in 2017-18 reached 14 million tonnes.The report also scaled back total Australian grain production by 500,000 tonnes to 17 million tonnes for 2018-19.Global ending stocks are raised 1.4 million tons to 268.1 million, primarily on increases for the EU and the United States but are 4 percent lower than last year’s record 279.9 million. Centre has threatened action against exporters because the country may miss the export target of 5 million tonnes by a wide margin.Traders have managed to ship only 179,000 tonnes for the October-December quarter while 80,000 tonnes are at various ports awaiting the loading operation. This would mean the maximum possible exports for the quarter would be 260,000 tonnes, against the total 600,000 tonnes the exporters have contracted for, the report said. The domestic inventory has 10 million tonnes of carryover stocks while an additional 31.5 million tonnes of current year's output is expected. A domestic consumption of 25.5 million tonnes is inadequate to reduce the stocks.India is already facing international heat over what other Sugar exporting nations call market-distorting subsidies causing a global price slump.
_____________________________________________________________________________________________________________________
Special Report
20 -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, on Wednesday, opened over 34 paise higher against the US dollar at 70.10 per US dollar. Falling crude oil prices is aiding the rally on Indian currency.The currency further gained strength as it passed 70 per US dollar mark. It touched an intraday low of 69.89 per US dollar.The currency on December 18 rallied by a whopping 112 paise, its best single-day gains in over five years, to settle at 70.44 against the US dollar as softening crude oil prices eased concerns over India's current account deficit expansionBesides, sustained selling of the American currency by exporters and banks as well as the greenback's weakness against its key rivals globally ahead of the US Fed policy decision on December 19 also helped the domestic unit scale further heights. The dollar fell on Wednesday as investors bet that the Federal Reserve would signal plans to slow its pace of interest rate raises at a keenly-watched meeting later in the day.Fed policy makers are widely tipped to raise rates for a fourth time this year but also to express caution about future monetary tightening due to concern about slowing global growth.Expectations of a pause from the Fed amid a U.S.-China trade conflict and global financial market volatility has led some investors to question if the dollar's stellar run will continue into 2019. U.S. President Donald Trump has repeatedly berated the Fed and on Tuesday said in a Tweet it was "incredible" for the central bank to even consider tightening given global economic uncertainties."A hike is still likely, regardless of Trump's displeasure, but there's a very good chance that they will reduce the number of hikes in 2019 to two (from three)," said Kit Juckes, global head of FX strategy at Societe Generale (PA:SOGN).The safe-haven yen and the Swiss franc both strengthened as an overnight plunge in oil prices provided a stark reminder of the dimming prospects for the global economy.The euro was also supported by news that Italy had struck a deal with the European Commission over its contested 2019 budget, signalling an end to weeks of wrangling that had shaken financial markets.
_____________________________________________________________________________________________________________________
Special Report
20 -Dec-2018
Date
Commodity/ Currency Pairs
19/12/18
NCDEX DHANIYA
JAN
BUY
6350
19/12/18
NCDEX DHANIYA
JAN
Sell
19/12/18
NCDEX GUARGUM5
JAN
19/12/18
NCDEX GUARGUM5
19/12/18
Contract Strategy
Entry Level
Stop Loss
Remark
6375/6390/64 10
6290
NOT EXECUTED
6300
6285/6265/62 40
6360
TARGET
BUY
8600
8615/8635/86 60
8650
NOT EXECUTED
JAN
SELL
8500
8475/8480/84 40
8560
TARGET HIT
MCX GOLD
JAN
BUY
31200
31250/31300
31100
NOT EXECUTED
19/12/18
MCX GOLD
JAN
SELL
31000
30950/30900
31200
TARGET HIT
19/12/18
MCX SILVER
MAR
BUY
37800
37850/37925
33600
NOT EXECUTED
19/12/18
MCX SILVER
MAR
SELL
37300
37200/37150
37400
NOT EXECUTED
Entry Level
Target
Stop Loss
Remark
Target
Date
Scrip
CASH/ FUTURE/ Strategy OPTION
19/12/18
NIFTY
FUTURE
SELL
10940
10900/10850/ 10820
11000
NOT EXECUTED
19/12/18
JUBILANT FOOD
FUTURE
BUY
1300
1305/1315
1285
TARGET
19/12/18
BEML
FUTURE
BUY
860
865/870
850
SL HIT
19/12/18
JUBILANT FOOD
CASH
BUY
1300
1305/1315
1285
TARGET HIT
_____________________________________________________________________________________________________________________
Special Report
20 -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
_____________________________________________________________________________________________________________________