Special Report
25-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
25502
-1.77
S&P500
2854
+1.09
NASDAQ
7642
-2.50
FTSE100
7207
-2.01
20953 28570
-3.12 -1.87
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
Top Gainers
PREVIOUS DAY ROUNDOFF Indian equity markets ended on a negative note as across the board selling pressure was seen in majority of the sectoral indices. Nifty Midcap & Nifty Bank index underperformed the benchmark index by 0.2%/0.4%.Nifty Realty index was among the gainers, closing 0.62% up. Oil Marketing companies like BPCL & HPCL added fresh short positions, closing the trade ~2.5% lower. Market breadth ended in the favour of declines with the advance/decline ratio closing at 1:2x.Nifty & Bank Nifty index added fresh open interest, indicating a marginal addition of short positions. On the options front (March 28, 2018 expiry), short covering was witnessed in put writing positions, while fresh short positions were created in out of the money call option strikes. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[-7.45pts], Consumption[-19.95pts],PSE[-23.90pts],CPSE[2.80pts],Energy[-245.10pts],FMCG[-98.50pts],Auto[108.5pts],Pharma[-65.15pts],IT[-48.15pts],Metal[12.9pts],Realty[+1.65pts], Fin Serv sector[-89.45pts].
NIKKEI HANG SENG Company
CMP
Change
% Chg
134.65
5.4
4.18
1,394.70
23.8
1.74
285.75
3.45
1.22
1,471.25
15.1
1.04
209.1
1.95
0.94
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
NTPC Larsen JSW Steel Asian Paints Hindalco
Top Losers Company
HPCL Zee Entertain BPCL NTPC ONGC
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
AGROPHOS
75.2
0.65
0.87
ALOKTEXT
6.65
-0.3
-4.72
962.3
45.8
5
BILENERGY
2.7
0.1
3.85
HDFCBANK
2,307.00
-23.9
-1.04
Prev. Close
Change
%Chg
Bharti Infratel
316.1
-8.95
-2.75
Tata Motors
175.4
-4.8
-2.66
378.95 268.35 1,341.75
-10.2 -6.75 -33.7
-2.62 -2.45 -2.45
ARVINDFASN
Stocks at 52 Week’s LOW Symbol
BPCL HPCL Reliance
Indian Indices Company
CMP
Change
% Chg
NIFTY
11456
-64.15
-0.56
SENSEX
38164
-222.14
-0.58
_____________________________________________________________________________________________________________________
Special Report
25-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.
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. HUL [FUTURE] HINDUNILVR — In last two week we have seen that selling in FMCG ssector like HUL, Dabur ,Emamai, Godrej CP .Stock is contiously in downtrend from last six week . On technically our view is bearish ,recommendation is to sell for the targets of 1670/1660 maintain sl above 1700 .
_____________________________________________________________________________________________________________________
Special Report
25-MAR-2019
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
BANKNIFTY
CE
30,000
95
5,33,608
NIFTY
CE
11,600
23.3
4,06,632
BANKNIFTY
CE
30,200
59
3,65,303
RELIANCE
CE
1,380
7.3
15,171
RELIANCE
CE
1,400
4.05
14,985
YESBANK
CE
260
3.6
11,309
MARUTI
CE
6,800
23
9,036
TCS
CE
2,050
15
8,123
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST Symbol
Optio Strike n Price Type
BANKNIFTY
PE
NIFTY
Open Interest
8,14,260 Escorts: The company appoints Shailendra Agrawal as executive director. 39,67,200 3,94,240 NIFTY FUTURE 18,99,500
NIFTY -On weekly chart nifty closed with red 20,68,500 candle,during this week nifty traded in a narrrow range 70,98,000 of 130 points . Sector which tested profit booking was Oil & Gas, Metal, Auto and FMCG. From last two trading 1,34,925 session fresh short position made by traders in index & 11,38,000 stock, interpretation of derivative data suggeest 1130011350 works as strong support & 11600 as resisitance. 2,83,500 Our view on nifty is bullish , strategy in buy on dips in the Open range between 11300 Target 11400-11600 Sl below Interest 11200.
LTP
Traded Volume (Contracts)
29,500
151
6,71,445
6,50,700
PE
11,500
77.4
4,19,208
23,61,000
BANKNIFTY
PE
29,600 190.4
3,63,753
1,51,140
RELIANCE
PE
1,340
15.2
12,038
12,59,000
RELIANCE
PE
1,360
25
10,075
5,54,000
MARUTI
PE
6,500
64.8
6,499
66,075
MARUTI
PE
6,600 103.25
5,961
49,500
RELIANCE
PE
1,300
5,930
12,40,500
4.15
Jet Airways: Additional seven aircraft grounded due to non-payment of amounts outstanding to lessors.
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
72614
5423.11
62880
4872.99
328666
26521.89
550.1147
INDEX OPTIONS
2409301
161049.74
2398854
160249.90
1037233
81863.16
799.8394
STOCK FUTURES
250765
15411.63
283331
17297.01
1491171
94135.46
-1885.382
STOCK OPTIONS
139480
8893.77
140200
8955.95
154512
9893.42
-62.1787 -597.6066
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
11626
11541
11488
11403
11349
BANKNIFTY
30199
29890
29699
29391
29200
_____________________________________________________________________________________________________________________
Special Report
25-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
_____________________________________________________________________________________________________________________
Special Report
25-MAR-2019
RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM APR ABOVE 8910 TARGET 8925/8945/8970 SL 8850 SELL GUARGUM APR BELOW 8850 TARGET 8835/8815/8790 SL 8910
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 6580 TARGET 6595/6615/6640 SL 6520 SELL CORIANDER APR BELOW 6500 TARGET 6485/6465/6440 SL 6560
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.
_____________________________________________________________________________________________________________________
Special Report
25-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 69.10 TARGET 69.2/69.3 SL 68.9 SELL USDINR FUTURE BELOW 68.9 TARGET 68.8/68.7 SL 69.10
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.
_____________________________________________________________________________________________________________________
Special Report
25-MAR-2019
Date
Commodity/ Currency Pairs
22/03/19
NCDEX DHANIYA
APR
BUY
6570
22/03/19
NCDEX DHANIYA
APR
Sell
22/03/19
NCDEX GUARGUM5
APR
22/03/19
NCDEX GUARGUM5
22/03/19
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
22/03/19
MCX GOLD
APR
SELL
31850
31800/31770
31920
TARGET
22/03/19
MCX SILVER
MAY
BUY
38300
38350/38400
38200
NOT EXECUTED
22/03/19
MCX SILVER
MAY
SELL
38120
38050/38000
38240
TARGET
Entry Level
Target
Stop Loss
Remark
Target
Date
Scrip
CASH/ FUTURE/ Strategy OPTION
22/03/19
NIFTY
FUTURE
BUY
11150-11160
11250-11300
11000
NOT EXECUTED
22/03/19
HPCL
FUTURE
BUY
288-290
295-300
282
NOT EXECUTED
22/03/19
MCX
FUTURE
BUY
800
820/840
780
TARGET
22/03/19
ICICI
CASH
BUY
395
400-405
390
OPEN
_____________________________________________________________________________________________________________________
Special Report
25-MAR-2019
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS TIME (ET)
REPORT
PERIOD ACTUAL FORECAST PREVIOUS
THE GOVERNMENT SHUTDOWN WILL DELAY THE RELEASE OF SOME DATA THIS WEEK. MONDAY, MARCH 25 None scheduled TUESDAY, MARCH 26 8:30 am
Housing starts* (new date)
Feb.
1.200mln
1.230 mln
8:30 am
Building permits* (new date)
Feb.
--
1.345mln
9 am
Case-Shiller home price index
Jan.
--
10 am
Consumer confidence index
March
132.4
131.4
WEDNESDAY, MARCH 27 8:30 am
Trade deficit* (new date)
Jan.
--$57.7bln -$59.8bln
8:30 am
Current account deficit* (new date)
Q4
--
-2.4%/GDP
THURSDAY, MARCH 28 8:30 am
Weekly jobless claims
3/23
222,000
221,000
8:30 am
GDP revision
Q4
2.2%
2.6%
10 am
Pending home sales
Feb.
--
4.6%
9:45 FRIDAY, am Markit manufacturing index flash MARCH 29
Nov.
--
55.7
9:45 am
Nov.
Feb.
--
54.8
Markit services index flash
8:30 am
Personal income*
0.3%
-0.1%
8:30 am
Consumer spending*
Feb.
DELAYE D
8:30 am
Core inflation
Feb.
DELAYE D
8:30 am
Consumer spending* (new date)
Jan.
0.3%
-0.5%
8:30 am
Core inflation* (new date)
Jan.
0.2%
0.2%
9:45 am
Chicago PMI
March
--
64.7
10 am
New home sales* (new date)
Feb.
622,000
607,000
910 am
Consumer sentiment index
March
97.8
97.8
*DELAYED BY GOVERNMENT SHUTDOWN _____________________________________________________________________________________________________________________
Special Report
25-MAR-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: 2019-03-25 09:24+05:30
_____________________________________________________________________________________________________________________