Special Report
21 -FEB-2019
Global markets at a glance
World Indices
US stocks ended higher on Wednesday after minutes from the Federal Reserve’s last meeting reaffirmed for investors that the US central bank would be “patient” with respect to further interest rate hikes.The Dow Jones Industrial Average rose 63.12 points, or 0.24 percent, to 25,954.44, the S&P 500 gained 4.94 points, or 0.18 percent, to 2,784.7 and the Nasdaq Composite added 2.30 points, or 0.03 percent, to 7,489.07.
Index
Value
% Change
DJI
26036
+0.28
S&P500
2784
+0.18
NASDAQ
7489
+0.03
FTSE100
7228
+0.69
21497 28711
+0.31 +0.69
Asian shares held near 4-1/2-month highs on Thursday after US Federal Reserve minutes affirmed it would be “patient” on interest rate rises and risk assets got a lift from hopes of further progress in US-China trade talks.MSCI’s broadest index of Asia-Pacific shares outside Japan were steady in early trade, hovering just off their highest since early October. Australian shares gave up early gains, last trading 0.1 percent lower, but the Australian dollar rallied in the wake of strong full-time jobs figure.Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 37 points or 0.34 percent. Nifty futures were trading around 10,730 - level on the Singaporean Exchange.
Top Gainers
PREVIOUS DAY ROUNDOFF Indian equity markets continued to trade with a positive bias after opening gap up on Wednesday. The Nifty was up 71 points at 10,676, while Bank Nifty was up 173 points at 26,856 in early afternoon trade.Small-cap and mid-cap stocks continued to witness buying and rose 0.66% and 0.56%, respectively.Among the sectoral indices, Nifty Metal and Nifty PSU Bank were the top performers, up 2.18% and 1.06%, respectively.Meanwhile, heavy selling pressure was seen in stocks of Anil Dhirubhai Ambani Group (ADAG) with the likes of Reliance Capital and RCom dropping 7.4% and 6.67%, respectively, as the Supreme Court held Anil Ambani guilty of contempt in the Ericsson case.
NIKKEI HANG SENG Company
CMP
Change
% Chg
652
37.7
6.14
Vedanta
160.2
7.1
4.64
Tata Steel
493.7
22.75
4.83
Adani Ports
354.6
15.05
4.43
Hindalco
193.9
7.35
3.94
CMP
Change
% Chg
446 2,528.00 2,629.00 1,736.00 1,479.25
-0.45 -8.9 -7.85 -1.95 -1.25
-0.1 -0.35 -0.3 -0.11 -0.08
Indiabulls Hsg
Top Losers Company
Zee Entertain Dr Reddys Labs Hero Motocorp HUL IndusInd Bank
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
AAVAS
945
37.1
4.09
2,994.85
-1.1
-0.04
BALRAMCHIN
128.2
-2.5
-1.99
CANTABIL
209.8
14.55
7.61
GOLDBEES
3,001.50
14.85
0.5
Prev. Close
Change
%Chg
1.3
0.05
3.7
ADHUNIKIND
35.5
0.4
1.01
AIFL ARIES ARIHANTSUP
10.05 69.4 45.5
0.5 -1.5 2.25
4.74 -2.1 4.81
AXISGOLD
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[+74.8pts], Consumption[+23.65pts],PSE[+61.7pts],CPSE [+43pts],Energy[+268.10pts],FMCG[+43.7pts],Auto [+48.10pts],Pharma[+53.65pts],IT[+275.95pts],Metal [+75.30pts],Realty[+0.60pts], Fin Serv sector[+129.60pts].
ABGSHIP
Indian Indices Company
CMP
Change
% Chg
NIFTY
10742
+137.9
+1.30
SENSEX
35756
+403.65
+1.14
_____________________________________________________________________________________________________________________
Special Report
21 -FEB-2019
RECOMMENDATIONS [FUTURE]
STOCK RECOMMENDATION [CASH]
1. Titan [FUTURE ]
REPCOHOME
TITAN -Titan is trading above its 100 DEMA .Our view is that stock may bounce back from lower level , recommendation is to Buy 1035 stock target will be 1040/1045 SL below 1025
Stock showing weakness in last week & it is going to be continued beacuse after analysis of derivate date we have seen the increase in open interest along with the price of stock fallen . Our recommendation is to sell the stock below 310 target 305/300 Sl 318 .
2. KSCL [FUTURE]
MACRO NEWS
The Federal Reserve on Wednesday signaled they will soon lay out a plan to stop letting go of $4 trillion in bonds and other assets, but policymakers are still debating how long their newly adopted “patient” stance on US rates policy will last. For now, policymakers see little risk to leaving interest rates alone while they take time to assess rising risks, including a global slowdown, according to the Fed’s minutes from their Jan. 29-30 meeting, released on Wednesday.
India will remain the fastest growing major economy, much ahead of China, in the next decade 2019-28, according to a global economic research report.The report prepared by Oxford Economics, which is engaged in global forecasting and quantitative analysis, India is likely to achieve an average growth of 6.5 percent in 2019-28, the highest among the emerging economies.India will be followed by the Philippines (5.3 per cent) and Indonesia (5.1 percent), the report titled 'Emerging Markets Sustained Growth in EMs Calls for Thrift and Innovation' said. China has been assigned the fourth slot with an average growth rate of 5.1 per cent for the next decade (2019-28).
KSCL— In KSCL we have seen sharp selling in this week , we may expect that it will be continue in upcoming week also. On Technical point of view seen trend line breakdown & also stock not able to sustain at upper level. RSI & MACD also indicate downtrend in this stock with strong volume.Our recommendation is sell stock future in the range of 410 Target 405/400 Sl 420
_____________________________________________________________________________________________________________________
Special Report
21 -FEB-2019
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
BANKNIFTY
CE
27,000
70 11,11,832
BANKNIFTY
CE
26,900 120.2
8,49,745
BANKNIFTY
CE
27,100
33.3
7,58,217
RELIANCE
CE
1,240 20.55
10,923
RELIANCE
CE
1,260
12.5
9,259
TATASTEEL
CE
500
7
7,783
TATASTEEL
CE
490 11.25
6,090
YESBANK
CE
220
6,084
7.1
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST Symbol
Traded Volume (Contracts)
Open Interest
Steel: Government extends exemption on some 5,35,640 imported grades of steel until April 17, 2019. 2,75,320 JSW Steel: Moody's changes company's outlook to 5,03,340 positive; affirms all ratings 12,37,500 14,73,500 NIFTY FUTURE NIFTY -On daily weekly chart we have identify that Head & Shoulder pattern is forming at the 16,94,417 top . Head & shoulder & for a short term forming 8,55,166 Raising wedge pattern in technical term bearish reversal pattern .Nifty breach the important level of 11000 in this 51,94,000 week ,but closing below 11000 .On technical point of view still our recommendation is to sell nifty future in 2,83,500 the range of 10720 Target 10700/10650 SL 10850 Our Open strategy is to sell on rise .
Optio Strike n Price Type
LTP
BANKNIFTY
PE
26,800
33.5
8,60,888
6,66,720
BANKNIFTY
PE
26,700
18
8,03,530
6,02,620
BANKNIFTY
PE
26,600 11.75
6,29,708
4,86,940
RELIANCE
PE
1,200
8.5
9,244
14,04,500
RELIANCE
PE
1,220 13.65
6,554
6,54,500
TATASTEEL
PE
480
4.95
5,958
14,21,740
RELCAPITAL
PE
130
3.5
4,951
10,33,500
RELCAPITAL
PE
140
5.5
4,556
10,03,500
Interest
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
27607
1953.81
73094
5554.42
378025
29594.15
-3600.6063
INDEX OPTIONS
3119714
182034.68
3088262
180005.06
835121
62953.70
2029.615
STOCK FUTURES
263787
13604.61
264387
14104.13
1519302
89530.86
-499.5194
STOCK OPTIONS
200053
10680.74
194790
10354.77
170200
9838.80
325.9606 -1744.5501
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
10817
10776
10711
10670
10605
BANKNIFTY
27144
27049
26891
26796
26638
_____________________________________________________________________________________________________________________
Special Report
21 -FEB-2019
RECOMMENDATIONS GOLD TRADING STRATEGY: Gold Buy Above 33800 Target 33850/33900 Sl 33700 Gold Sell Below 33700 Target 33650/33600 Sl 33800
SILVER TRADING STRATEGY: Silver Buy Above 40600 Target 40650 /40700 Sl 40500 Silver Sell Below 40500 Target 40450 /40400 Sl 40600
COMMODITY ROUNDUP Saudi Arabia's Crown Prince Mohammed bin Salman said on Wednesday he saw investment opportunities of more than $100 billion in India over the next two years as he began his first official visit amid tensions between arch foes India and Pakistan.India rolled out the red carpet for the crown prince as it seeks diplomatic support against Pakistan following a militant attack in the disputed region of Kashmir.The crown prince was also given a lavish welcome this week in Pakistan where the two sides signed memoranda of understanding valued at about $20 billion to help prop up Pakistan's economy.In a joint press appearance after talks with Indian Prime Minister Narendra Modi, the crown prince said terrorism was a common concern and Saudi Arabia was ready to share intelligence with India to tackle it.India blames Pakistan for not doing enough to roll up militant groups that operate from its soil including the one that claimed responsibility for the Kashmir car bombing on Thursday last week.Pakistan denies any involvement in cross-border terrorism and said it would retaliate against an Indian attack. Oil prices were around 2019 highs on Wednesday, propped up by supply cuts led by producer club OPEC and by US sanctions on Iran and Venezuela.But soaring US production and expectations of an economic slowdown look set to cap prices, analysts said.US West Texas Intermediate (WTI) crude oil futures hit 2019 highs of $56.39 per barrel shortly after 0300 GMT on Wednesday, up 30 cents, or 0.5 percent, from their last settlement.International Brent crude futures were at USD 66.58 per barrel, up 13 cents, or 0.2 per cent, from their last close and not far off their 2019 high of USD 66.83 per barrel from Monday.Oil prices have been supported by supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC).OPEC-member and top crude exporter Saudi Arabia is expected to reduce shipments of light crude oil to Asia in March as part of the effort to tighten markets.OPEC as well as some nonaffiliated producers such as Russia agreed late last year to cut output by 1.2 million barrels per day (bpd) to prevent a large supply overhang from swelling.“We have lowered Saudi crude oil output in line with announcements ... (and) are now assuming that Saudi Arabia will produce in the first three quarters of 2019 less than the 10.31 million bpd target it agreed to at the Dec 7 OPEC, non-OPEC meeting,� French bank BNP Paribas said in a note.
_____________________________________________________________________________________________________________________
Special Report
21 -FEB-2019
RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM MARCH ABOVE 8400 TGT 8500/8600 SL BELOW 8270 SELL GUARGUM MARCH BELOW 8250 TGT 8150/8050 SL ABOVE 8370
NCDEX INDICES Index
Value
% Change
Castor Seed Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT
5352 4256 6214 2001 4242
-2.47 0.02 0.74 -1.65 0.17
15560
0.77
3843 3726 6306
0.57 -0.13 -0.57
Jeera Mustardseed Soy Bean Turmeric
DHANIYA TRADING STRATEGY: BUY DHANIYA APRIL ABOVE 6220 TGT 6260/6310 SL BELOW 6170 SELL DHANIYA APRIL BELOW 6130 TGT 6080/6030 SL ABOVE 6200
Operating margins of sugar millers could improve by 300400 basis points (bps) in sugar season 2019 (Oct 2018- Sep 2019) following a ~7% increase in the minimum support price to Rs 31 per kg from Rs 29 announced by the government, rating agency CRISIL research said in its latest report.“This will lead to incremental domestic sales realisation of ~Rs 3,300 crore, while higher export prices will generate another ~Rs 200 crore. That will help sugar mills reduce their cane arrears, which stands at Rs 20,000 crore now, by ~18% to ~Rs 16,500 crore. It will also cut the losses that millers have racked up because of excess supply and tepid exports,” the agency noted.Raw material cost as a proportion of sugar sales increased to about 90% in the current season following an uptick in the Fair and Remunerative Price (FRP) of sugarcane, and subdued sugar prices owing to oversupply both locally and globally. Though the government took steps to arrest the losses of millers, non-integrated units continued to bleed in this season, the report said. Procincreased to 8.5 lakh bales in the ongoing 2018-19 Cotton season from 3.6 lakh bales during same period last year as prices remained below the minimum support prices (MSP) due to weak global prices and low exports.The Corporation expects procurement to touch 15 lakh bales by the end of the season.The MSP for medium-staple variety of Cotton is at Rs 5,150/quintal and that for long staple at Rs 5,450/quintal which are roughly equivalent to Rs 43,00043,500 per candy (1 candy = 356 kg). The government had raised the MSP for Cotton by 26% this year. Around 52% of the crop has already arrived in the market.urement of Cotton by Cotton Corporation of India (CCI) has
_____________________________________________________________________________________________________________________
Special Report
21 -FEB-2019
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
71.19 Yen
64.28
80.7625 GBP
92.7250
Euro USD/INR TRADING STRATEGY: USD/INR
BUY USDINR ABOVE 71.60 TGT 71.80/72.05 SL BELOW 71.35 SELL USDINR BELOW 71.15 TGT 71.05 /70.90 SL ABOVE 71.30
GBP/INR TRADING STRATEGY: BUY GBPINR ABOVE 93 TGT 93.10 93.20 SL BELOW 92.8 SELL GBPINR BELOW 92.65 TGT 92.55 92.45 SL ABOVE 92.85
China's yuan rose on Wednesday after the United States pressed Beijing to prevent sharp weakening of its currency as part of any trade deal, while the dollar paused as traders positioned ahead of the release of Federal Reserve policy minutes.The yuan has been a strong performer in 2019, helped by the recovery in emerging market assets broadly and optimism that Washington and Beijing are close to agreeing a deal to end their trade conflict.In offshore markets, the yuan rose 0.4 percent to as strong as 6.7195 CNH= , its best level since Feb. 1.The dollar, measured against a basket of currencies, held steady at 96.501 .DXY .The dollar index rose to a two-month high last week but demand for the liquid greenback has ebbed on optimism that a fresh round of talks between China and the United States would help resolve their trade conflict. The euro nudged higher to $1.1350 EUR= but was struck within recent ranges - the single currency has struggled this month as worries about the state of the euro zone economy grow.Analysts at ABN AMRO's Georgette Boele said the bank had downgraded its euro forecasts for 2019 because of economic concerns."However, we also expect limited downside in the euro, because weaker-thanexpected euro zone data have had only a limited negative impact on the euro, suggesting that most of the weakness is reflected in the price," she said. The dollar was lower against the euro and the British pound in early trading in Europe Wednesday as a fall in U.S. Treasury yields reduced its attractiveness amid expectations of dovish news on interest rates from the Federal Reserve.Bond yields are under pressure from economic data that have tended towards the weak side in recent days. The 10-year benchmark Treasury yield has fallen to 2.64% from 2.80% over the last month, amid uncertainty over how far the Federal Reserve can afford to tighten monetary policy.Such uncertainty puts a special focus Wednesday on the release of the minutes from the last Federal Open Market Committee meeting, where the U.S. central bank pivoted to a more neutral and datadependent stance, dropping its previous guidance about the likelihood of further interest rate increases.
_____________________________________________________________________________________________________________________
Special Report
21 -FEB-2019
Date
Commodity/ Currency Pairs
20/2/19
NCDEX DHANIYA
APR
BUY
6340
20/2/19
NCDEX DHANIYA
APR
Sell
20/2/19
NCDEX GUARGUM5
MAR
20/2/19
NCDEX GUARGUM5
20/2/19
Contract Strategy
Entry Level
Stop Loss
Remark
6355/6370/64 00
6280
NOT EXECUTED
6250
6235/6220/61 90
6310
TARGET
BUY
8200
8215/8240/82 60
8260
TARGET
MAR
SELL
8150
8135/8120/80 80
8210
TARGET
MCX GOLD
MAR
BUY
33350
33400/33475
33250
NOT EXECUTED
20/2/19
MCX GOLD
MAR
SELL
32900
32800/32800
33
TARGET
20/2/19
MCX SILVER
MAR
BUY
40700
40750/40800
40500
NOT EXECUTED
20/2/19
MCX SILVER
MAR
SELL
40400
40300/40200
40600
NOT EXECUTED
Entry Level
Target
Stop Loss
Remark
Target
Date
Scrip
CASH/ FUTURE/ Strategy OPTION
20/2/19
NIFTY
FUTURE
SELL
10750
10700/10650
10850
TARGET
20/2/19
TITAN
FUTURE
BUY
1040
1045/1050
1030
TARGET
20/2/19
KSCL
FUTURE
SELL
460
455/450
470
TARGET
20/2/19
REPOHOME
CASH
SELL
310
305/300
318
NOT EXECUTED
_____________________________________________________________________________________________________________________
Special Report
21 -FEB-2019
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS MONDAY, FEB. 18 Presidents Day holiday None scheduled TUESDAY, FEB. 19 8:50 am
Loretta Mester speaks
10 am
Home builders' index
Feb.
62
--
58
WEDNESDAY, FEB. 20 8:30 am
Housing starts*
Jan
DELAYED
--
8:30 am
Building permits*
Jan.
DELAYED
--
2 pm
FOMC minutes THURSDAY, FEB. 21
7:50 am
Raphael Bostic speaks
8:30 am
Weekly jobless claims
2/16
229,000
239,000
8:30 am
Durable goods orders (new date)*
Dec.
1.3%
0.7%
--
-0.6%
Markit manufacturing index flash Nov. Core capital equipment orders 8:30 am 9:45 am Markit services index flash (new date)* Nov. 9:45 am
--
Dec.--
55.7 54.8
8:30 am
Philly Fed
Feb.
--
17.0
9:45 am
Markit manufacturing PMI (flash)
Feb.
--
54.9
9:45 am
Markit services PMI (flash)
Feb.
--
54.2
10 am
Existing home sales
Jan.
4.99 mln
4.99 mln
10 am
Leading economic indicators
Jan.
--
-0.1%
FRIDAY, FEB. 22
All Day
Chicago Booth monetary policy forum Richard Clarida, keynote speaker Randal Quarles, John Williams, Mary Daly, James Bullard, Patrick Harker participate
_____________________________________________________________________________________________________________________
Special Report
21 -FEB-2019
Disclaimer The 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 recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid or Unpaid), any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.
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: 2019-02-21 09:23+05:30
_____________________________________________________________________________________________________________________