Special Report
22-MAR-2019
Global markets at a glance
World Indices
An Apple-led tech rally pushed Wall Street higher on Thursday as jitters over the Federal Reserve's forecast of an economic slowdown were calmed by upbeat economic data.The Dow Jones Industrial Average rose 216.84 points, or 0.84 percent, to 25,962.51, the S&P 500 gained 30.65 points, or 1.09 percent, to 2,854.88 and the Nasdaq Composite added 109.99 points, or 1.42 percent, to 7,838.96.
Index
Value
% Change
DJI
25962
+0.84
S&P500
2854
+1.09
NASDAQ
7838
+1.42
FTSE100
7355
+0.88
21525 28864
-0.39 -0.71
Asian shares advanced on Friday after upbeat data and optimism in the tech sector lifted Wall Street stocks, helping calm some of the jitters sparked by the Federal Reserve's cautious outlook on the world's biggest economy.MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.25 percent while Japan's Nikkei gained 0.3 percent.Trends on SGX Nifty indicate a flat opening for the broader indices in India, a fall of 5 points or 0.04 percent. Nifty futures were trading around 11,587-level on the Singaporean Exchange. The European Union has offered Britain a choice of short delays to its departure from the European Union, postponing Brexit, due March 29, until at least mid-April.The bloc said it will extend the deadline until May 22 if Britain's Parliament approves Prime Minister Theresa May's Brexit deal next week.
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. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[-57.15pts], Consumption[-33.45pts],PSE[-97.05pts],CPSE[71.8pts],Energy[-196.5pts],FMCG[-135.8pts],Auto[121.95.pts],Pharma[+19.9pts],IT[+103.7pts],Metal[ 31.3pts],Realty[+6.30pts], Fin Serv sector[+36.20pts].
NIKKEI HANG SENG Company
CMP
Change
% Chg
Indiabulls Hsg
732.6
34.65
4.96
Hindalco
207.15
4.8
2.37
Infosys
738.95
16.7
2.31
Wipro
261.55
4.1
1.59
2,751.65
42.95
1.59
CMP
Change
% Chg
275.1 443.2 389.15 129.25 151.85
-15.65 -22.55 -18.65 -5.65 -5.15
-5.38 -4.84 -4.57 -4.19 -3.28
Dr Reddys Labs
Top Losers Company
HPCL Zee Entertain BPCL NTPC ONGC
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
ABMINTLTD BILPOWER CYBERMEDIA DNAMEDIA FEDDERELEC
Indian Indices Company
CMP
Change
% Chg
NIFTY
11521
-11.4
-0.10
SENSEX
38386
+23.28
+0.06
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Special Report
22-MAR-2019
RECOMMENDATIONS [FUTURE]
STOCK RECOMMENDATION [CASH]
1. Kajaria [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.
Kjaria – In last treading session saw sellling in this stock .On daily chart it may fall upto 568/560 .From this level expected fresh buying in stock which gives an opportunity for investment in stock .Our recommendation is to sell future from cureent level . Stock closed with red candle.
2. MCX [FUTURE]
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.
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
22-MAR-2019
STOCKS IN NEWS
MOST ACTIVE CALL OPTION LTP
Traded Volume (Contracts)
Optio Strike n Price Type
BANKNIFTY
CE
29,800
9 30,60,376
BANKNIFTY
CE
29,900
0.1 29,69,117
BANKNIFTY
CE
30,000
0.1 19,85,304
RELIANCE
CE
1,400 13.25
16,009
3,48,700 Reliance Communications: The agreements dated December 28, 2017 and August 11, 2018 entered into 15,01,740 between company, RTL, RITL (RCOM Group) and Reliance 14,67,620 Jio respectively for sale of certain specified telecom assets have been terminated today by mutual agreement 16,44,000
RELIANCE
CE
1,380
21.6
12,417
14,25,000 NIFTY FUTURE
TCS
CE
2,100
9.35
10,561
11,20,500
RELIANCE
CE
1,420
7.25
9,815
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
PE
BANKNIFTY
Open Interest
HCL Technologies entered into a shared services arrangement with Xerox Corporation
Symbol
NIFTY - On Thursday market is in narrow range due to 6,87,500 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)
29,700
0.1
18,95,625
9,42,440
PE
29,800
0.1
17,70,030
9,96,880
BANKNIFTY
PE
29,600
0.05
17,42,391
8,23,220
RELIANCE
PE
1,360
13.4
9,101
7,12,000
RELIANCE
PE
1,340
8.15
6,440
10,91,500
RELIANCE
PE
1,380 21.75
5,904
3,63,000
MARUTI
PE
6,700
119
4,701
53,475
RELIANCE
PE
1,300
3
4,228
13,50,000
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
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
11579
11550
11526
11497
11473
BANKNIFTY
30035
29933
29783
29682
29531
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Special Report
22-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 Palladium scaled a record peak on Wednesday due to a prolonged supply deficit, while gold slipped as the dollar gained ground ahead of a policy decision by the U.S. Federal Reserve.Spot palladium XPD= was down 0.3 percent at $1,591.50 an ounce, as of 0908 GMT, after hitting an alltime high of $1,606.76 earlier in the session.Platinum XPT= was 1.3 percent firmer at $856.75 an ounce, after touching its highest since March 4 at $858.64 earlier in the session."Palladium market is definitely driven by constraints on the supply side and the possibility of a ban from Russia will keep palladium in particular, and platinum to an extent, extremely well bid," said Jeffrey Halley, a senior market analyst with OANDA.Russia, a major producer of palladium, is mulling a ban on the export of precious metals' scrap and tailings to promote domestic refining of the materials. and its sister metal platinum are used in emissions-cutting autocatalyst, but palladium is used more in gasoline engines. Oil prices fell on Wednesday, retreating from a four-month 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 LCOc1 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 Nov. 16.U.S. West Texas Intermediate (WTI) crude futures CLc1 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 Nov. 12."The dispute between the two largest economies has been the biggest factor impacting global growth," said Alfonso Esparza, senior market analyst at brokerage OANDA.Bloomberg reported U.S. officials were concerned Beijing was pushing back against Washington's demands during trade talks, lowering hopes for a resolution to the tariff war that has threatened global oil demand.Still, the drops in oil prices were checked by continued production cuts by major exporters, tightening supply.Crude stocks fell by 2.1 million barrels in the week to March 15, to 446.8 million, compared with analysts' expectations for an increase of 309,000 barrels, the data showed. API/SLater on Wednesday, market attention is set to shift away from global macroeconomic matter to official figures from the U.S. Energy Information Administration (EIA) on U.S. crude stockpiles. EIA/S
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Special Report
22-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
Venezuela has suspended its oil exports to India and views Russia and China as its main export destinations, the Azeri energy ministry said, 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 staterun oil company PDVSA, Manuel Quevedo, Reuters reported."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."Russia and China are seen as the main destinations because of the suspension of oil exports to India," the statement said.The Indian market has been crucial for Venezuela's economy because it has historically been the second-largest cash-paying customer for the OPEC country's crude, behind the United States. Earlier this year, the United States imposed heavy sanctions on Venezuela's oil industry and has pressed India to stop buying Venezuelan oil. The United States Department of Agriculture (USDA) forecast Indonesia's palm oil production at 43 million tonnes in 2019/20, a 1.5 million tonne increase from 2018/19.The rate of increase is expected to slow to 3.75 percent following two years of higher yields after the 2015/16 El-Nino, which caused a sharp decline in yields, USDA said.The significant decline in crude palm oil (CPO) prices during the latter half of 2018/19 could result in lower yields as both large and smallholder plantations reduce fertilizer applications. Additionally, the lower prices are likely to reduce the total number of re-plantings as plantations look for ways to trim operating costs. Mature palm area is forecast to grow to 11.75 million ha in 2019/20.India, where duties for CPO and RPO remain 40 and 50 percent, respectively.
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Special Report
22-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
22-MAR-2019
Date
Commodity/ Currency Pairs
20/03/19
NCDEX DHANIYA
APR
BUY
6570
20/03/19
NCDEX DHANIYA
APR
Sell
20/03/19
NCDEX GUARGUM5
APR
20/03/19
NCDEX GUARGUM5
20/03/19
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
20/03/19
MCX GOLD
APR
SELL
31850
31800/31770
31920
TARGET
20/03/19
MCX SILVER
MAY
BUY
38300
38350/38400
38200
NOT EXECUTED
20/03/19
MCX SILVER
MAY
SELL
38120
38050/38000
38240
TARGET
Entry Level
Target
Stop Loss
Remark
Target
Date
Scrip
CASH/ FUTURE/ Strategy OPTION
20/03/19
NIFTY
FUTURE
BUY
11150-11160
11250-11300
11000
NOT EXECUTED
20/03/19
HPCL
FUTURE
BUY
288-290
295-300
282
NOT EXECUTED
20/03/19
MCX
FUTURE
BUY
800
820/840
780
TARGET
20/03/19
ICICI
CASH
BUY
395
400-405
390
OPEN
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Special Report
22-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
22-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: 2019-03-22 09:27+05:30
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