Special Report
22–JAN-2019
Global markets at a glance Asian shares and US stock futures slipped on Tuesday amid signs of pessimism about world growth, while sterling dithered as the latest plan for Brexit appeared to come and go with no progress.MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.1 percent but was still within striking distance of a seven-week top touched the previous day. Japan's Nikkei gained 0.2 percent, helped by a recent pullback in the yen.US stock futures, which offer an indication of how Wall Street will open, were down about 0.2 percent.
World Indices Index
Value
% Change
DJI
24522
-0.67
S&P500
2670
+1.23
NASDAQ
7157
+1.03
FTSE100
6968
+1.95
20654 27033
+1.24 +0.37
NIKKEI HANG SENG
Top Gainers Company
Trends on SGX Nifty indicate a flat opening for the broader index in India, a fall of 3 points or 0.03 percent. Nifty futures were trading around 10,959-level on the Singaporean Exchange. The International Monetary Fund (IMF) on January 21 lowered its global growth projections for 2019 and 2020 to 3.5 percent and 3.6 percent respectively, citing a slowdown in several advanced economies around the world more rapidly than previously anticipated.The revised global growth rates are 0.2 and 0.1 percentage point below the IMF's previous projections made three months ago"Global growth in 2018 is estimated to be 3.7 percent, as it was last fall, but signs of a slowdown in the second half of 2018 have led to downward revisions for several economies. Weakness in the second half of 2018 will carry over to coming quarters, with global growth projected to decline to 3.5 percent in 2019 before picking up slightly to 3.6 percent in 2020 PREVIOUS DAY ROUNDOFF Benchmark indices ended higher on Monday but gave up some of its intraday gains in the last hour of trading. Nifty finished above 10,950 level with the help of energy stocks led by Reliance Industries. The Sensex was up 192.35 points at 36,578.96, while Nifty was up 54.90 points at 10, 961.90. About 930 shares have advanced, 1651 shares declined, and 155 shares are unchanged. Among sectors energy, IT and pharma indices led the gainers, while auto, infra, FMCG and metal indices ended in red. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[+2.85pts], Consumption[-24.85pts],PSE[-26.15pts],CPSE[22.20pts],Energy[+356.35ts],FMCG[-55.35pts],Auto[97.95pts],Pharma[+45.10Pts],IT[+73.45pts],Metal[ 11.30pts],Realty[-3.40pts], Fin Serv sector[+39.10pts].
CMP
Change
% Chg
Reliance
1,237.70
53.35
4.5
Kotak Mahindra
1,267.60
27.4
2.21
Bajaj Finserv
6,384.55
134.65
2.15
Bajaj Finance
2,594.20
51.3
2.02
398.3
7.55
1.93
CMP
Change
% Chg
2,794.25 191.95 337.8 7,208.40 135.65
-104.5 -6.65 -8.35 -149.55 -2.2
-3.61 -3.35 -2.41 -2.03 -1.6
Sun Pharma
Top Losers Company
Hero Motocorp Yes Bank Wipro Maruti Suzuki IOC
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
ALKYLAMINE
869.9
35.4
4.45
APOLLOHOSP
1,387.25
-50
-3.66
ATUL
3,648.80
2.15
0.06
IOLCP
225.55
12.1
5.7
1,000.01
0.01
0
Prev. Close
Change
%Chg
2.85
0.1
3.39
1.1
-0.05
-4.35
0.4 20.25 90.35
0 -0.1 -1.7
0 -0.48 -1.84
LIQUIDETF
Stocks at 52 Week’s LOW Symbol
AMTEKAUTO ANGIND ANKITMETAL ARROWTEX ASHOKLEY
Indian Indices Company
NIFTY SENSEX
CMP
10961 36578
Change
+54.9 +192.35
% Chg
+0.5 +0.53
_____________________________________________________________________________________________________________________
Special Report
22–JAN-2019
RECOMMENDATIONS [FUTURE]
STOCK RECOMMENDATION [CASH]
1. BIOCON [FUTURE ] In Biocon we have seen that stock closing near its pivot resistense level . Strong buying seen in last 3 days .Traders view that company shows strong fundamnetal ,so bullish on this stock . All though pharma sector is not performing as good .Our recommendation is to buy stock above 660 Target 665/670 Sl 650
REPCOHOME Stock has given the breakout of the neckline of the double bottom pattern on the daily chart with the good volumes and closed near to days high. We recommend buying above 450 for the target of 455/462 with the stop loss of 440
2. SIEMENS [FUTURE]
MACRO NEWS
Stock siemens near to its resistense level 1075. If resistense level breakout we get then we expect move of 100-150 points in up side . In last week we have seen that stock is traded in a particular range . Derivative data also suggest that traders are bullish on this stock .Our recommendation is to buy the stock in the range of 1055 Target 1065/1070 Sl 1030.
The World Bank has committed to provide India funds worth $300 million to aid its energy efficiency programme, sources told Moneycontrol. The move will help the government set up the requisite infrastructure to push forward its ambition of expanding electric mobility in the country. In a meeting held in December 2018, the Ministry of New and Renewable Energy (MNRE) informed the Committee of Secretaries that the World Bank would route the aid to India through Energy Efficiency Services Ltd (EESL), a government-owned public sector unit, people aware of the development said.EESL did not respond to Moneycontrol’s request for comment at the time of publishing. received. SBI plans to sell over Rs 15,000 crore worth bad loans belonging to Essar Steel to recover its dues from the debt-laden steel maker."State Bank of India (SBI) invites expression of interest (EoI) from banks/ARCs/ NBFCs/FIs for the proposed sale of its non performing financial asset with total dues of Rs 15,431.44 crore," the bank said in an advertisement.
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Special Report
22–JAN-2019
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
Open Interest
BANKNIFTY
CE
27,800
64.9
4,18,102
4,48,080
BANKNIFTY
CE
27,700 96.85
3,90,103
BANKNIFTY
CE
27,600
136
3,31,679
RELIANCE
CE
1,240 20.55
35,331
RELIANCE
CE
1,220 31.25
RELIANCE
CE
1,260 12.25
RELIANCE
CE
1,200
45.7
RELIANCE
CE
1,280
6.9
MARUTIACTIVE PUT CE OPTION 9,000 111.5 MOST Symbol
Optio Strike n Price Type
BANKNIFTY
PE
BANKNIFTY
IDBI Bank: Bank approved in-principle, proposal to reinitiate divestment process of IDBI stake in IDBI Federal Life Insurance.
Automotive Stampings Q3: Loss at Rs 5.7 crore versus 4,45,780 loss Rs 11.8 crore; revenue rises to Rs 103.7 crore versus 3,68,240 Rs 94.3 crore YoY. 14,59,000
NIFTY FUTURE Nifty followed global market and started 10,43,500 with gap up but today Pharam and Media share made 24,578 10,25,000 pressure in market due to that whole day Nifty traded in sideways and in last one hour it loosed almost fifty per 22,093 17,61,000 cent gains in intraday. On daily chart it created bearish 16,399 12,03,000 candle since Nifty forming Open Broadening pattern so we it will be buy in decline around 10850 with stop loss o 5,823 2,83,500 10770 for the target of 10920/10970. 26,691
LTP
Traded Volume (Contracts)
Open Interest
27,300
83
3,52,511
4,17,260
PE
27,400
116
3,33,442
4,28,900
BANKNIFTY
PE
27,500 152.95
2,83,412
4,90,800
RELIANCE
PE
1,200 10.75
22,066
20,88,000
RELIANCE
PE
1,180
6.85
15,474
12,05,000
RELIANCE
PE
1,160
4.55
12,833
15,35,000
RELIANCE
PE
1,220
16.3
12,060
8,99,500
RELIANCE
PE
1,140
3.4
8,958
16,85,000
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
26997
1973.28
30984
2371.62
486893
38410.31
-398.3401
INDEX OPTIONS
1018352
64278.91
1030427
65333.37
837589
63239.00
-1054.4608
STOCK FUTURES
212137
12749.79
205414
12212.19
1398720
85334.80
537.6038
STOCK OPTIONS
165428
9773.67
167597
9888.25
179897
10518.47
-114.5799 -1029.777
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
11046
11004
10945
10902
10843
BANKNIFTY
27748
27641
27514
27407
27281
_____________________________________________________________________________________________________________________
Special Report
22–JAN-2019
RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD ABOVE 32100 TGT 32150/32190 SL BELOW 32000 SELL GOLD BELOW 31900 TGT 31850/31800 SL ABOVE 32020
SILVER TRADING STRATEGY: BUY SILVER ABOVE 39500 TGT 39550/39600 SL BELOW 39350 SELL SILVER BELOW 39200 TGT 39100 39050 SL ABOVE 39350
COMMODITY ROUNDUP South Sudan has begun to repair and pump oil from wells damaged in the civil war and will ramp up production by the end of the year, the oil minister told Reuters ahead of a Monday trip to the oil fields.Production is currently at 160,000 barrels per day (bpd) and the wells reopening on Monday will add 12,000 bpd to that, rising to 70,000 bpd by the end of 2019, South Sudan's oil minister Ezekiel Lul Gatkuoth told Reuters on Sunday as he prepared to travel north to meet his Sudanese counterpart for a ceremony at the oilfields.South Sudan's oil infrastructure was badly damaged in its civil war, which broke out in 2013, two years after it had become independent from neighbouring Sudan.Production plunged to less than half of prewar levels but wells are being repaired with the help of the Sudanese, said Gatkuoth. Malaysia's Petronas, India's Oil and Natural Gas (NS:ONGC) Corporation (ONGC Videsh) ONVI.NS and the China National Petroleum Corporation (CNPC) CNPET.UL all have stakes in South Sudan.Cargoes have been booked until the end of March, Gatkuoth said, but now there would be additional oil for sale. South Sudan's Dar blend is currently being sold for $61 per barrel.Neighbouring Sudan receives between about $9-11 per barrel of oil that landlocked South Sudan pumps through its pipeline to the port, the minister said. Oil prices fell on Monday, in line with weaker stock markets after evidence that economic growth in China, the world's second largest crude consumer, eased in 2018.Brent crude oil futures LCOc1 were last down 35 cents on the day at $62.35 a barrel by 0946 GMT, while U.S. crude futures CLc1 were down 23 cents at $53.57 a barrel.The broader financial markets were weaker after data showed China's 2018 economic growth slowing to the weakest in 28 years, at 6.6 percent versus 6.8 percent in 2017. the slowdown was in line with expectations and not as sharp as some analysts had expected, the cooling of the world's No.2 economy casts a shadow over global growth. remains quite likely that the trade spat with the U.S. has played a part in this latest slowdown, but investors should also factor in that it simply isn't possible for the Chinese economy to grow at the pace that it has over the last 10 years, in the next 10 years, as the law of diminishing returns kicks in, and the economy becomes more mature," CMC (NS:CMC) Markets chief market analyst Michael Hewson said.
_____________________________________________________________________________________________________________________
Special Report
22–JAN-2019
RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM FEB ABOVE 8750 TARGET 8765/8785/8810 SL 8690 SELL GUARGUM FEB BELOW 8700 TARGET 8685/8660/8640 SL 8760
NCDEX INDICES Index
Value
% Change
Barley
1941
-1.27
Castor Seed
5348
1.44
Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT
4198 6167 1930 4348
-1.85 -2.74 -1.43 0.24
17490
-0.51
3959 3466 6626
0.61 0.7 0.18
Jeera Mustardseed Soy Bean Turmeric
DHANIYA TRADING STRATEGY: BUY DHANIYA APR ABOVE 6680 TARGET 6695/6720/6740 SL 6620 SELL DHANIYA APR BELOW 6620 TARGET 6605/6580/6560 SL 6680
Despite various government measures to bail out Sugar mills from their financial woes, cane payment arrears reached Rs 19,000 crore for the season up to December 31. Sugar millers have urged government for an increase in the minimum sale price of Sugar by Rs 5 a kg, to Rs 34 a kg.Of the total, around Rs 5,000 crore was carried over from last year. The rest was for cane supplies for barely six weeks of the current season.Prices in the country are inching up but are still only Rs 2,950 a quintal (Rs 29.5 a kg) in the wholesale market.Indian Sugar Mills Association (Isma) has estimated Sugar production at 31.5 million tonnes in its Second Advance Estimate, a sharp downward revision from its earlier one of 35.5 mt. Another revision is due by endJanuary, likely to be lower still. Carryover stock from the earlier year is a little over 10 mt, the country’s annual consumption is 25 mt. The farm credit target is likely to be raised by about 10% to a record Rs 12 lakh crore in the 2019-20 Budget to be presented on February 1, according to sources.For the current fiscal, the government has set a credit target of Rs 11 lakh crore.The agricultural credit flow has increased consistently over the years, exceeding the target set for each fiscal. For instance, credit worth Rs 11.68 lakh crore was given to farmers in 2017-18, much higher than the Rs 10 lakh crore target set for that year, they added. Similarly, crop loans worth Rs 10.66 lakh crore were disbursed in the 2016-17 fiscal, higher than the credit target of Rs 9 lakh crore.Normally, farm loans attract an interest rate of 9%. However, the government has been providing interest subvention to make available short-term farm credit at an affordable rate and help boost farm output.
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Special Report
22–JAN-2019
RBI Reference Rate Currency
Rate Currency
Rupee- $
71.24 Yen
65.2825
Euro
81.44 GBP
90.34
USD/INR TRADING STRATEGY: USD/INR BUY USDINR FUTURE ABOVE 71.15 TARGET 71.25 71.355 SL 71 SELL USDINR FUTURE BELOW 71 TARGET 70.9 70.8 SL 71.2
GBP/INR TRADING STRATEGY: BUY GBPINR FUTURE ABOVE 91.75 TARGET 91.85 91.95 SL 91.55 SELL GBPINR FUTURE BELOW 91.4 TARGET 91.3 91.2 SL 91.7
Rate
The dollar fell versus other major currencies for a fourth straight session on Tuesday, as investors grew increasingly convinced the Federal Reserve will not raise interest rates this year amid uncertainties over the US economy.The rupee weakened further by 19 paise on Wednesday to close at 71.24 against the US dollar amid a strengthening greenback and fresh capital outflows.Higher bond yields, which spiked on concerns that the government may overshoot the fiscal deficit target in an election year, too weighed on the domestic unit, forex traders said.The rupee has now lost a hefty 83 paise in four straight sessions.Meanwhile, the pound rallied after British Prime Minister Theresa May's divorce deal to leave the EU was overwhelmingly rejected by MPs, leading to speculation that UK lawmakers may be forced to have a re-look at the entire Brexit process.The rupee opened on a weak note at 71.10 at the interbank forex market and lost further ground to reach an intra-day low of 71.27.However, it pared some losses to finally finish at 71.24 per US dollar, down 19 paise over its previous close of 71.05."Indian rupee depreciated for the fourth day in row amid higher bond yield and expectation of expansionary fiscal policy in coming budget. The rupee was Asia's worst performing major currency in 2018 when it lost 9 per cent versus the dollar, and it's still in the cellar for 2019 so far," said V K Sharma, Head PCG and Capital Markets Strategy, HDFC Securities. The US dollar gained against key currencies overseas, while rise in demand for the greenback from exporters also pressured the domestic unit, traders said.The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.03 per cent to 96.06 in late afternoon trade.Easing crude oil prices supported the domestic currency to some extent.Brent crude, the global benchmark, was trading at USD 60.48 per barrel, lower by 0.26 per cent. Meanwhile, after swinging nearly 200 points, the 30-share BSE Sensex index settled just 2.96 points, or 0.01 per cent, higher at 36,321.29. The broader NSE Nifty inched up 3.50 points, or 0.03 per cent, to 10,890.30.
_____________________________________________________________________________________________________________________
Special Report
22–JAN-2019
Date
Commodity/ Currency Pairs
21/1/19
NCDEX DHANIYA
APR
BUY
6680
21/1/19
NCDEX DHANIYA
APR
Sell
21/1/19
NCDEX GUARGUM5
FEB
21/1/19
NCDEX GUARGUM5
21/1/19
Contract Strategy
Entry Level
Stop Loss
Remark
6695/6720/67 40
6620
NOT EXECUTED
6650
6635/6620/65 90
6710
TARGET
BUY
8600
8615/8640/86 60
8540
TARGET
FEB
SELL
8550
8535/8520/84 90
8610
TARGET
MCX GOLD
FEB
BUY
32100
32150/32190
32000
TARGET HIT
21/1/19
MCX GOLD
FEB
SELL
31900
31850/31800
32020
21/1/19
MCX SILVER
MAR
BUY
39500
39550 39600
39350
NOT EXECUTED
21/1/19
MCX SILVER
MAR
SELL
39200
39100 39050
39350
TARGET HIT
Entry Level
Target
Stop Loss
Remark
Target
NOT EXECUTED
Date
Scrip
CASH/ FUTURE/ Strategy OPTION
21/1/19
NIFTY
FUTURE
BUY
10850
10920/10970
10750
NOT EXECUTED
21/1/19
BIOCON
FUTURE
BUY
660
665/670
650
TARGET
21/1/19
SIEMENS
FUTURE
BUY
1066
1070/1078
1050
NOT EXECUTEED
21/1/19
REPOHOME
CASH
BUY
430
435
420
TARGET HIT
_____________________________________________________________________________________________________________________
Special Report
22–JAN-2019
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS
TIME (ET)
REPORT
PERIOD
ACTUAL
FORECAST
PREVIOUS
THE GOVERNMENT SHUTDOWN COULD DELAY THE RELEASE OF SOME DATA THIS WEEK MONDAY, JAN. 21 None scheduled Martin Luther King Jr. Day TUESDAY, JAN. 22 10 am
Existing home sales
Dec.
5.32 mln
WEDNESDAY, JAN. 23 None scheduled THURSDAY, JAN. 24 8:30 am
Weekly jobless claims
1/19
9:45 am
Markit manufacturing PMI
Jan.
53.8
9:45 am
Markit services PMI
Jan.
54.4
10 am
Leading economic indicators
Dec.
0.2%
FRIDAY, JAN. 25 9:45 am
Markit manufacturing index flash
8:30 Durable orders* 9:45 amam Markit servicesgoods index flash
Nov. Nov.
Dec.
--
55.7
--
54.8
0.8%
8:30 am
Core capital equipment orders*
Dec.
-0.6%
10 am
New home sales*
Dec.
544,000 (Oct)
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