Special Report
26-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
25516
+0.057
S&P500
2854
+1.09
NASDAQ
7637
-0.07
FTSE100
7177
-0.42
21389 28555
+1.97 +0.11
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 Bank index underperformed the benchmark index by 0.2%, while Nifty Midcap 50 index outperformed the benchmark index by 0.6%. Jet Airways surged ~12% along with a sharp rise in open interest, consisting mainly of long positions. REC Ltd was among the top open interest gainers with its 158CE posting 1450% of intraday gains along with a rise of ~600% in open positions, indicating a continued upward bias for the March series. ICICI Bank, Kotak Bank, HDFC Ltd were the top index losers, shedding ~2% each. Market breadth ended in the favour of declines with the advance/decline ratio closing at 1:3.5x. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[-4.20pts], Consumption[-54.7pts],PSE[+71.4pts],CPSE [+70.9pts],Energy[-4.40pts],FMCG[-277.4pts],Auto[98.05pts],Pharma[-29.20pts],IT[-134.25pts],Metal[33.55pts],Realty[-5.15pts], Fin Serv sector[-125.50pts].
NIKKEI HANG SENG Company
CMP
Change
% Chg
IOC
164.35
7.3
4.65
ONGC
158.65
6.3
4.14
237.2
5.25
2.26
274.25
5.9
2.2
202
3.5
1.76
CMP
Change
% Chg
416.45 168.25 306.6 278.8 912.7
-18.4 -5.65 -9.5 -6.95 -22.25
-4.23 -3.25 -3.01 -2.43 -2.38
Coal India HPCL Power Grid Corp
Top Losers Company
Zee Entertain Vedanta Bharti Infratel JSW Steel UPL
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
ABSLNN50ET
335.05
20.83
6.63
AGROPHOS
79.95
1.1
1.47
1,058.50
96.2
10
2.8
0.1
3.7
29.55
-1.4
-4.97
Symbol
Prev. Close
Change
%Chg
ALKEM
1,690.00
36.3
2.11
ATNINTER
0.05
-0.05
-50
BALLARPUR CYBERMEDIA DCM
2.85 4.7 58
0.2 0.2 -1.25
6.9 4.12 -2.07
ARVINDFASN BILENERGY JAIBALAJI
Stocks at 52 Week’s LOW
Indian Indices Company
CMP
Change
% Chg
NIFTY
11354
-102.6
-0.90
SENSEX
37808
-355.7
-0.93
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Special Report
26-MAR-2019
RECOMMENDATIONS [FUTURE]
STOCK RECOMMENDATION [CASH]
1. Kajaria [FUTURE ]
ICICI Bank [CASH] ICICI BANK looking ggod for short .In bankinkg space icici bank perfoming outstanding ,but inlast trading session profit booking in this stock .Our view is bearish for next trading session & suggest to sell stock in range 380 target 375/370 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 540 .From this level expected fresh buying in stock which gives an opportunity for investment in stock .Our recommendation is to sell future from 555 Target 550/545 sl above 560. 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.
The Mindtree board will meet on March 26 to discuss a proposed buyback of equity shares, even as Larsen & Toubro (L&T) plans to make a detailed public statement on an open offer for Mindtree shares on the same day.Reports suggest independent directors of Mindtree will also constitute a committee to advise shareholders on whether to participate in the open offer.
Global brokerage house Macquarie said European investors are still appear to be cautious on India. Elections & a rebound in economic growth will be key drivers for flows into India.
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 .
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Special Report
26-MAR-2019
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
BANKNIFTY
Traded Volume (Contracts)
CE
29,500 105.15
5,22,652
NIFTY
CE
11,500
14.2
3,68,836
6,21,140 Escorts: The company appoints Shailendra Agrawal as executive director. 38,61,600
NIFTY
CE
11,400 42.55
3,44,728
24,53,475 NIFTY FUTURE
RELIANCE
CE
1,340
9.5
12,358
RELIANCE
CE
1,360
4.15
11,012
MARUTI
CE
6,700 28.85
9,686
MARUTI
CE
6,600
60
7,677
RELIANCE
CE
1,380
1.85
7,391
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST Symbol
Optio Strike n Price Type
BANKNIFTY
Open Interest
Jet Airways: Additional seven aircraft grounded due to non-payment of amounts outstanding to lessors.
LTP
11,12,500
NIFTY -On weekly chart nifty closed with red 13,42,500 candle,during this week nifty traded in a narrrow range 1,31,475 of 130 points . Sector which tested profit booking was Oil & Gas, Metal, Auto and FMCG. From last two trading 1,07,625 session fresh short position made by traders in index & 18,08,000 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)
PE
29,000 77.05
5,78,026
6,67,680
BANKNIFTY
PE
29,200 133.1
3,39,719
3,00,960
NIFTY
PE
11,300
30.6
3,11,063
27,64,725
RELIANCE
PE
1,320
9
11,228
7,12,000
RELIANCE
PE
1,300
4.2
10,096
12,10,500
MARUTI
PE
6,500
70
6,899
81,900
RELIANCE
PE
1,340
18.3
5,329
8,35,000
TATAMOTORS PE
170
2.6
4,668
33,88,000
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
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
11437
11396
11353
11311
11269
BANKNIFTY
29428
29355
29255
29181
29082
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Special Report
26-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 38450 TARGET 38400/38300 SL 38520 Silver Sell BELOW 38500 TARGET 38450/38400 SL 38570
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
26-MAR-2019
RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM APR ABOVE 8870 TARGET 8885/8900/8930 SL 8810 SELL GUARGUM APR BELOW 8820 TARGET 8805/8780/8760 SL 8880
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 6630 TARGET 6645/6660/6690 SL 6570 SELL CORIANDER APR BELOW 6600 TARGET 6585/6570/6540 SL 6660
The cumulative water storage in major reservoirs in the country dropped by 2% over the last week to 54 billion cubic metre (BCM), or 33% of total storage capacity, said a statement from the Central Water Commission (CWC). The situation however is slightly better than in the corresponding period last year, said the CWC, which monitors 91 major reservoirs.The worst hit was the western region, which is already reeling under a drought. The total water storage in 27 reservoirs in western India region is 7.08 BMC, which is 23% of the live storage capacity. The water storage during the corresponding week last year was 34%.The condition is equally bad in the southern region, with storage plummeting to 25% of total live storage, or 13.15 BCM. The average storage in the same period last year was 27% of the total capacity of 51.59 BCM. The northern region, on other hand, is faring better compared to last year. As compared to 29% of the total live capacity in the corresponding week last year, water storage stood at 49% this week, the CWC statement said. Average water storage in reservoirs in eastern and central regions this week was 47 (against 48) per cent and 38 (32) per cent, respectively. US weather agencies have forecast a 60% chance of El Nino continuing through summer. The forecast, if it holds, could cast a shadow over India’s rainy season. A weak El Nino was finally declared to have set in over the Pacific Ocean in February by several weather agencies. Since then, these conditions have strengthened and most international weather agencies now predict that El Nino would persist for the next few months. However, there is yet uncertainty over how the El Nino would last. Weather agencies warn that El Nino forecasts during March tend to have lower credibility because conditions could change in the spring season.
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Special Report
26-MAR-2019
RBI Reference Rate Currency
Rate Currency
Rupee- $
69.96 Yen
62.6375
78.0650 GBP
90.9425
Euro USD/INR
TRADING STRATEGY: BUY USDINR FUTURE ABOVE 70.10 TARGET 70.2/70.3 SL 69.8 SELL USDINR FUTURE BELOW 69.9 TARGET 69.8/69.7 SL 70.10
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
Rate
The yen held near six-week highs against the dollar on Monday as fears of economic recession, fanned by inversion of the U.S. bond yield curve, sapped demand for higher-yield, growth reliant assets and drove investors toward "safe" destinations.Attention is focused heavily on the state of world growth after the U.S. Federal Reserve turned tail on raising interest rates, lacklustre Chinese data and a danger of a chaotic Brexit that would hit the British and European economies.With U.S. 10-year yields now almost two basis points below three month yields -- a classic recession signal -- equities have retreated while the yen and gold prices are up. The yen traded as high as 109.70 against the greenback but eased to trade around flat by 740 GMT JPY=D3 ."The Fed's pivot has lowered U.S. real rates across the curve. As a result, U.S. fixed income and equity markets may have become less attractive for Japanese investors," analysts at Goldman Sachs (NYSE:GS) told clients, adding they recommended staying short the dollar versus yen. The euro, as well as government bond yields and stocks in the single currency bloc rose on Monday after a rise in German business sentiment took the edge off market fears about a dire economic outlook.The March Ifo business climate index rose to 99.6 from 98.7 in February and compared with expectations for a reading of 98.5. euro which had been flat against the dollar before the release, rose 0.2 percent to a session high of $1.13215 EUR=EBSEuropean shares turned higher after the Ifo report with the pan-regional STOXX 600 .STOXX benchmark last down 0.4 percent, having the index lost as much as 0.8 percent before.And in bond markets, Germany's benchmark 10-year Bund yield moved back into positive territory. It was last up 3 basis points on the day at 0 percent, having touched 0.004 percent. The GBPUSD pair saw two-way price action last week and closed in favor of British Pound. The positive price action in favor of British Pound was influenced by EU’s decision to extend the Brexit deadline. However, the timeframe for the extension came with conditions attached to same. UK parliament has to vote in approval of PM May’s Brexit.
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Special Report
26-MAR-2019
Date
Commodity/ Currency Pairs
25/03/19
NCDEX DHANIYA
APR
BUY
6580
25/03/19
NCDEX DHANIYA
APR
Sell
25/03/19
NCDEX GUARGUM5
APR
25/03/19
NCDEX GUARGUM5
25/03/19
Contract Strategy
Entry Level
Stop Loss
Remark
6595/6615/6640
6520
NOT EXECUTED
6500
6485/6465/6440
6560
NOT EXECUTED
BUY
8910
8925/8945/8970
8850
SL HIT
APR
SELL
8850
8835/8815/8790
8910
TARGET
MCX GOLD
APR
BUY
31780
31800/31850
31740
NOT EXECUTED
25/03/19
MCX GOLD
APR
SELL
31850
31800/31770
31920
TARGET
25/03/19
MCX SILVER
MAY
BUY
38300
38350/38400
38200
NOT EXECUTED
25/03/19
MCX SILVER
MAY
SELL
38120
38050/38000
38240
TARGET
Entry Level
Target
Stop Loss
Remark
Target
Date
Scrip
CASH/ FUTURE/ Strategy OPTION
25/03/19
NIFTY
FUTURE
BUY
11150-11160
11250-11300
11000
NOT EXECUTED
25/03/19
KAJARIA
FUTURE
SELL
580
568/560
592
TARGET
25/03/19
HUL
FUTURE
SELL
800
820/840
780
TARGET
25/03/19
ICICI
CASH
BUY
395
400-405
390
OPEN
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Special Report
26-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
26-MAR-2019
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Sachi n Yadav
Digitally signed by Sachin Yadav DN: cn=Sachin Yadav c=IN o=Personal Reason: I am the author of this document Location: Date: 2019-03-26 09:35+05:30
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