Special Report
20-MAR-2019
Global markets at a glance The benchmark S&P 500 index ended little changed on Tuesday as investor optimism regarding the Federal Reserve’s expected affirmation of its dovish policy stance was offset by reports of fault lines emerging in ongoing USChina trade negotiations.The Dow Jones Industrial Average fell 26.72 points, or 0.1 percent, to 25,887.38, the S&P 500 lost 0.37 points, or 0.01 percent, to 2,832.57 and the Nasdaq Composite added 9.47 points, or 0.12 percent, to 7,723.95. Asian shares got off to a cautious start on Wednesday, holding close to six-month highs on hopes the US Federal Reserve will stick to a dovish stance and unveil a plan to stop cutting bond holdings later this year.MSCI’s broadest index of Asia-Pacific shares outside Japan ticked down 0.1 percent from a six-month high touched the previous day. Japan’s Nikkei was also down 0.1 percent.Trends on SGX Nifty indicate a flat to negative opening for the broader index in India, a fall of 3.5 points or 0.03 percent. Nifty futures were trading around 11,572-level on the Singaporean Exchange. 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.
World Indices Index
Value
% Change
DJI
25887
-0.10
S&P500
2832
-0.01
NASDAQ
7723
+0.12
FTSE100
7324
+0.34
21576 29316
+0.04 -0.51
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
Bharti Infratel
327.6
9.5
2.99
1,036.20
24.2
2.39
134.9
2.6
1.97
1,376.55
26.5
1.96
299.45
5.7
1.94
CMP
Change
% Chg
21,759.10 288.5 2,614.05 1,357.95 6,825.20
-492.3 -6.45 -55.45 -20.95 -83.9
-2.21 -2.19 -2.08 -1.52 -1.21
HCL Tech NTPC Reliance ITC
Top Losers Company
Eicher Motors JSW Steel Hero Motocorp Larsen Maruti Suzuki
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[+24.8pts], Consumption[+11.8pts],PSE[+37.15pts],CPSE [+26.15pts],Energy[+260.75pts],FMCG[+260.85pts],Auto[60.pts],Pharma[+39.65pts],IT[+136.10pts],Metal[ 1.00pts],Realty[+0.30pts], Fin Serv sector[+44.90pts].
ABMINTLTD BILPOWER CYBERMEDIA DNAMEDIA FEDDERELEC
Indian Indices Company
CMP
Change
% Chg
NIFTY
11532
+70.20
+0.61
SENSEX
38363
+268.4
+0.70
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Special Report
20-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 295/300. Buy on decline in between 288-290 Sl below 282. 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
Oil prices fell on Wednesday, retreating from a fourmonth high, as concerns that trade talks between the United States and China have stalled, stoking fears over the outlook for global economic growth.International Brent crude oil futures were at $67.49 a barrel at 0107 GMT, down 15 cents, or 0.2 percent, from their last close. Brent touched $68.20 a barrel on Tuesday, its highest since November 16.US West Texas Intermediate (WTI) crude futures were at $58.86 per barrel, down 17 cents, or 0.3 percent, from their last settlement. WTI hit a high of $59.57 a barrel on Tuesday, the highest since November 12.
A senior US arms control official said on March 19 that the only way for North Korea to achieve security and development is to abandon all of its weapons of mass destruction and ballistic missile programmes.Yleem Poblete, Assistant Secretary of State for Arms Control, Verification and Compliance, urged countries to halt any weapons or military cooperation with North Korea. "You are violating UN Security Council resolutions that explicitly prohibit such transfers," she said.
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 800 Target 820/840 Sl below 780 . Strong base was formed in stock near 660-670 .
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Special Report
20-MAR-2019
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
BANKNIFTY
CE
30,000
BANKNIFTY
Traded Volume (Contracts)
54
8,29,722
CE
29,900 83.95
7,19,575
BANKNIFTY
CE
29,800 123.05
6,41,747
RELIANCE
CE
1,400
16.7
18,140
7,76,660 Reliance Communications: The agreements dated December 28, 2017 and August 11, 2018 entered into 4,44,720 between company, RTL, RITL (RCOM Group) and Reliance 4,23,620 Jio respectively for sale of certain specified telecom assets have been terminated today by mutual agreement 12,63,500
RELIANCE
CE
1,380
26.2
16,321
10,32,500 NIFTY FUTURE
RELIANCE
CE
1,360
38
11,159
PNB
CE
95
1.3
8,327
RELIANCE
CE
1,420
10.2
7,897
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST Symbol
Optio Strike n Price Type
BANKNIFTY
Open Interest
HCL Technologies entered into a shared services arrangement with Xerox Corporation
LTP
8,73,000
NIFTY - On Thursday market is in narrow range due to 60,41,000 weekly expiry of Nifty 50 option . Nifty opened at high 5,51,000 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.
LTP
Traded Volume (Contracts)
PE
29,500 26.25
8,30,888
8,69,340
BANKNIFTY
PE
29,600 42.35
6,03,801
5,50,660
BANKNIFTY
PE
29,400 16.05
5,19,294
3,32,800
RELIANCE
PE
1,340
10.2
10,724
10,52,500
RELIANCE
PE
1,300
4.8
7,102
14,95,000
RELIANCE
PE
1,360
15.4
6,618
6,23,500
RELIANCE
PE
1,320
6.65
6,325
8,86,000
MINDTREE
PE
940 11.45
4,206
9,97,800
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
11601
11567
11509
11474
11416
BANKNIFTY
29957
29862
29705
29610
29453
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Special Report
20-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 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. "Gold has been edging up and the main driver is a softening dollar," said Margaret Yang, a market analyst with CMC (NS:CMC) Markets, Singapore. The Fed decision and Brexit vote could be gold boosters in the short term, she added.The U.S. central bank will start its two-day meeting on interest rates later in the day.If the Fed is more dovish than expected, the dollar is likely to move lower and in turn support gold prices, while uncertainty surrounding Brexit has increased demand for safety, Yang said.Prime Minister Theresa May's Brexit plans were thrown into further turmoil on Monday when the speaker of parliament ruled that she could not put her divorce deal to a new vote unless it was re-submitted in a fundamentally different form. is often used as a hedge against political and financial uncertainties.Indicative of investor sentiment, holdings of the SPDR Gold Trust GLD , the world's largest gold-backed exchange-traded fund, rose about 1.1 percent on Monday, its biggest one-day percentage gain since Jan. 18. GOL/ETF. Venezuela has suspended its oil exports to India and views Russia and China as its main export destinations, the Azeri energy ministry said on Tuesday, citing Venezuela's oil minister.The Azeri ministry issued the statement on Tuesday following talks in Baku between Azerbaijan's energy minister and Venezuelan oil minister and president of state-run oil company PDVSA, Manuel Quevedo."At the meeting... Quevedo said in order to prevent a sharp reduction, various measures are being implemented and diversification of the export market is underway," the statement said.
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Special Report
20-MAR-2019
RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM APR ABOVE 8700 TARGET 8715/8735/8760 SL 8640 SELL GUARGUM APR BELOW 8600 TARGET 8585/8565/6540 SL 8660
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 6600 TARGET 6615/6635/6600 SL 6540 SELL CORIANDER APR BELOW 6530 TARGET 6515/6495/6470 SL 6590
India’s fuel demand rose 3.8% in February as free cooking gas connections spurred LPG consumption while petrol and diesel use continued to rise.Fuel consumption in February totalled 17.41 million tonnes as compared to 16.77 million tonnes in the same month last year, data from the Petroleum Planning and Analysis Cell (PPAC) of the Oil Ministry showed.Consumption rose for the third month in a row as ensuing general elections are likely to spike demand further. With retail prices moderating, petrol consumption soared 8% to 2.25 million tonnes while the government push to give every household a cooking gas connection led to LPG demand spiking by 14.2% to 2.2 million tonnes. Diesel, the most consumed fuel in the country, saw consumption rise by 2.7 per cent to 6.7 million tonnes. During February, aviation turbine fuel (ATF) sales were up 10.5 per cent to 6,80,000 tonnes.With the government pushing for use of cleaner liquefied petroleum gas (LPG) as cooking fuel by giving free connections to poor women, kerosene usage dropped 12% to 272,000 tonnes in February when compared to the year-ago period.Naphtha sales were up by a steep 25.2% at 1.28 million tonnes as power demand soared, while consumption of petroleum coke dropped 15.3% to 1.58 million tonnes. The price of natural gas may go up by as much as 18% from April 2019, according to CARE Ratings' report. As per the New Domestic Gas policy of 2014, which suggests revising natural gas prices every six months, the government may be revising domestic gas prices effective from 1 April 2019, according to the report. The prices of natural gas produced in deep water and high-pressure high temperature may also be revised."We believe the prices of domestic natural gas for the April 2019-September 2019 period will increase from the current $3.36/mmBtu to approximately, $3.97/mmBtu, resulting in an 18% increase.
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Special Report
20-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 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 The Japanese yen rose on Tuesday, benefiting from a U.S. dollar hit by concern over the U.S. economy and expectations that the Federal Reserve will prove accommodative at a meeting this week. The euro also profited from the weaker dollar, adding 0.2 percent to $1.1348 EUR=EBS .Markets expect the Fed to strike a dovish tone when it meets this week, and bets on an interest rate cut have increased after weaker-thanexpected manufacturing data on Friday. U.S. currency, measured against a basket of rivals, has weakened 1.3 percent in the last 10 days. On Tuesday, it fell 0.2 percent to 96.415 .DXY.The Australian dollar has gained the most from the U.S. dollar's retreat. The New Zealand NZD=D3 and Canadian dollar CAD=D3 are also performing well. Washington does not turn more aggressive on trade in the near future, expect this more benign environment to continue and to allow local stories to win through ... ," ING analysts said.Volatility in foreign exchange markets is at its lowest in five years and analysts say recent decisions by the Fed and other major central banks is contributing. Sterling GBP=D3 also gained, rising almost a fifth of a percent to $1.3280. It had fallen overnight after the speaker of Britain's parliament upended Prime Minister Theresa May's Brexit plans by ruling that she had to change her twice-defeated deal before offering it for a third vote. Bank of England is expected to leave its interest rate outlook unchanged at a policy meeting on Thursday because of the uncertainty over Britain's decision to leave the European Union.
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Special Report
20-MAR-2019
Date
Commodity/ Currency Pairs
19/03/19
NCDEX DHANIYA
APR
BUY
6570
19/03/19
NCDEX DHANIYA
APR
Sell
19/03/19
NCDEX GUARGUM5
APR
19/03/19
NCDEX GUARGUM5
19/03/19
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
APR
SELL
8800
8785/8760/8740
8860
NOT EXECUTED
MCX GOLD
APR
BUY
31780
31800/31850
31740
NOT EXECUTED
19/03/19
MCX GOLD
APR
SELL
31850
31800/31770
31920
TARGET
19/03/19
MCX SILVER
MAY
BUY
38300
38350/38400
38200
NOT EXECUTED
19/03/19
MCX SILVER
MAY
SELL
38120
38050/38000
38240
TARGET
Entry Level
Target
Stop Loss
Remark
Target
Date
Scrip
CASH/ FUTURE/ Strategy OPTION
19/03/19
NIFTY
FUTURE
BUY
11150-11160
11250-11300
11000
NOT EXECUTED
19/03/19
HPCL
FUTURE
BUY
268-270
273
265
TARGET
19/03/19
MCX
FUTURE
BUY
750-760
780/800/840
730
TARGET
19/03/19
ICICI
CASH
BUY
393-395
400-405
387
TARGET
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Special Report
20-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
20-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: 2019-03-20 09:24+05:30
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