Special Report
31–JAN-2019
Global markets at a glance US stocks surged on Wednesday after the Federal Reserve said it would be patient in lifting borrowing costs further this year, reassuring investors worried about a slowing economy.Along with better-than-feared quarterly results from Apple Inc, the Fed’s comments helped Wall Street reverse two down days triggered by profit warnings from US bellwethers that signaled a bigger impact from a slowdown in China.The Dow Jones Industrial Average jumped 1.77 percent to end at 25,014.86 points, while the S&P 500 gained 1.55 percent to 2,681.05. The NasdaqComposite surged 2.2 percent to 7,183.08. Asia stocks rose to a four-month high on Thursday, tracking Wall Street, after the Federal Reserve pledged to be patient with further interest rate hikes, signaling a potential end to its tightening cycle amid signs of slowing global growth.MSCI’s broadest index of Asia-Pacific shares outside Japan rose to its highest since October 4 and was last up 0.4 percent. Japan’s Nikkei rose 1.4 percent. Australian stocks added 0.4 percent, while South Korea’s KOSPI advanced 0.7 percent. Trends on SGX Nifty indicate a positive opening for the broader index in India, a risel of 64.5 points or 0.61 percent. Nifty futures were trading around 10,701-level on the Singaporean Exchange. PREVIOUS DAY ROUNDOFF The market continued to consolidate for second consecutive session and closed the day on a flat note Wednesday as traders remained cautious ahead of expiry of January derivative contracts, and the outcome of Federal Reserve meeting. Traders also await Interim Budget scheduled to be announced on Friday. The 30-share BSE Sensex was down 1.25 points at 35,591.25 while the 50-share NSE Nifty fell 0.40 points to 10,651.80 and formed bearish candle on the daily scale. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[-3.75pts], Consumption[+22.95pts],PSE[ -17.85pts],CPSE[1.5pts],Energy[-189.55ts],FMCG[+193.35pts],Auto[22.55pts],Pharma[+93Pts],IT[+111.2pts],Metal [+1.2pts],Realty[-1.10pts], Fin Serv sector[-41.7pts].
World Indices Index
Value
% Change
DJI
25010
+0.17
S&P500
2681
+1.55
NASDAQ
7183
+2.20
FTSE100
6941
+1.58
20679 27660
-0.46 +0.33
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
ICICI Bank
365.9
19.05
5.49
Tata Steel
467.45
23.65
5.33
Axis Bank
690.95
30.2
4.57
2,595.50
79.95
3.18
205.8
6.25
3.13
CMP
Change
% Chg
672.9 338.15 2,499.70 290.3 1,222.20
-25.7 -11.1 -67.95 -7.05 -29.2
-3.68 -3.18 -2.65 -2.37 -2.33
Bajaj Finance Hindalco
Top Losers Company
Indiabulls Hsg Adani Ports Bajaj Auto Bharti Infratel Kotak Mahindra
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
AARTIIND
1,609.00
58
3.74
AXISBANK
703.35
30.25
4.58
GOLDBEES
2,944.80
10.8
0.37
HDFCMFGETF
3,013.95
10.95
0.37
LIQUIDETF
1,000.01
-0.01
0
Prev. Close
Change
%Chg
10
-0.25
-2.33
ABMINTLTD
15.65
-0.8
-4.86
ABSLNN50ET ADHUNIK ADLABS
253 1.95 8.75
14.4 -0.1 0.3
5.24 -4.88 3.31
Stocks at 52 Week’s LOW Symbol
3PLAND
Indian Indices Company
NIFTY SENSEX
CMP
Change
% Chg
10651.8
-0.40
0
35591
-1.25
0
_____________________________________________________________________________________________________________________
Special Report
31–JAN-2019
RECOMMENDATIONS [FUTURE]
STOCK RECOMMENDATION [CASH]
1. Titan [FUTURE ] TITAN -In Titan on daily chart as well as weekly we have seen that Buying in this stock by traders as well as investors in last week .Reason behind that quarterly result awaited in this week & also from technical aspect stock now moving towards to break its previous highs.Our 970 recommendation is to Buy stock target will be 980/990 SL below 950
REPCOHOME Stock has given the breakout of the neckline of the double bottom pattern but can not sustain at upper level .we have seen the weakness on chart We recommend sell below 400 for the target of 395/390 with the stop loss of 410
2. MCDOWNLL –N [FUTURE] MCDOWELL-N – Daily chart of MCDOWELL-N looking MACRO NEWS week .We have seen the trendline breakdown & also stock does not sustain at upper level . Our recommendation is to sell the stock future from 540 Target will be 530 SL 550. RSI US oil prices edged up on Thursday to extend gains into a third session, with widely watched data showing & MACD also showing that downtrend continue in this signs of tightening supply in the United States. US stock . West Texas Intermediate (WTI) crude futures were at $54.41 per barrel at 0052 GMT, up 19 cents from their last settlement.
The Federal Reserve on Wednesday signalled its threeyear-drive to tighten monetary policy may be at an end amid a suddenly cloudy outlook for the USeconomy due to global headwinds and impasses over trade and government budget negotiations.As it held interest rates steady, the US central bank also discarded its promises of “further gradual increases” in interest rates, and said it would be “patient” before making any further moves.
Private sector lender ICICI Bank posted a 2.7 percent year-on-year (YoY) drop in its December quarter net profit at Rs 1,604.91 crore. The asset quality also improved in Q3 with an improvement in both gross and net non-performing asset (NPA) ratio
_____________________________________________________________________________________________________________________
Special Report
31–JAN-2019
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
Open Interest
BANKNIFTY
CE
27,000
34.2
9,68,700
8,58,460
BANKNIFTY
CE
26,900
62
8,17,834
BANKNIFTY
CE
26,800 104.2
8,06,675
AXISBANK
CE
700
2.6
RELIANCE
CE
1,220
1.3
YESBANK
CE
210
0.85
RELIANCE
CE
1,240
0.6
YESBANK
CE
220
0.3
MARUTIACTIVE PUT CE OPTION 9,000 111.5 MOST
21,674
Godrej Consumer Q3: Profit slips 1.5 percent to Rs 424 crore versus Rs 430 crore; revenue increases 3.5 percent to Rs 2,721.9 crore versus Rs 2,630.3 crore YoY.
Granules India Q3: Profit jumps 72.3 percent to Rs 60 3,85,120 crore versus Rs 35 crore; revenue surges 53.8 percent to 3,81,860 Rs 631.8 crore versus Rs 410.7 crore YoY. 24,48,000
NIFTY FUTURE NIFTY -On daily & weekly chart we have 15,55,000 identify that Head & Shoulder pattern is forming at the top . Head & shoulder & for a short term forming 18,017 67,58,500 Raising wedge pattern in technical term bearish reversal 12,016 16,05,000 pattern .Nifty struggling from many weeks to breach the 10,844 55,44,000 resistense level of 11000.Closing of nifty in this week below 200 EMA & 100 EMA & RSI also showing 5,823 2,83,500 downwards movement . Our Recommendation is to sell 10600 nifty for targets 10570/10500 Sl 10700 .Upcoming Traded Open Volume Interest week is so important for the market because Govermnent is going to present Interium Budget on (Contracts) FEB,1 7,39,796 4,53,360 19,133
Symbol
Optio Strike n Price Type
LTP
BANKNIFTY
PE
26,700
57.3
BANKNIFTY
PE
26,500
19
7,37,008
7,92,840
BANKNIFTY
PE
26,600 35.95
7,15,385
4,76,360
RELIANCE
PE
1,200
9.8
21,578
11,22,000
AXISBANK
PE
680
2.95
10,179
9,40,800
YESBANK
PE
200
3.55
9,946
36,80,250
RELIANCE
PE
1,180
2.5
9,697
8,30,500
AXISBANK
PE
690
6.2
7,636
7,14,000
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
112376
8369.99
135737
10037.06
524101
40518.56
-1667.0641
INDEX OPTIONS
2054408
128003.63
2051551
127729.43
1032449
75685.66
274.1961
STOCK FUTURES
563559
32823.13
554749
31959.42
1560664
91823.23
863.7067
STOCK OPTIONS
138952
8762.75
137708
8689.66
200394
11544.17
73.0912 -456.0701
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
10755
10703
10658
10606
10560
BANKNIFTY
27034
26929
26811
26707
26589
_____________________________________________________________________________________________________________________
Special Report
31–JAN-2019
RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD ABOVE 32600 TGT 32650/32750 SL BELOW 32500 SELL GOLD BELOW 32500 TGT 32450/32400 SL ABOVE 32650
SILVER TRADING STRATEGY: BUY SILVER ABOVE 40100 TGT 40150/4250 SL BELOW 39950 SELL SILVER BELOW 39950 TGT 39900/39800 SL ABOVE 40100
COMMODITY ROUNDUP Gold prices surged by Rs 350 to Rs 33,650 per 10 gram on Monday as buying by local jewellers gathered steam to meet wedding season demand, according to All India Sarafa Association.Silver too shone by gaining Rs 850 to Rs 40,900 per kg on increased offtake by industrial units and coin makers. As per bullion traders, gold firmed up on increased buying by jewellers to meet the ongoing wedding season demand.Besides, gold prices crossing USD 1,300 an ounce overseas influenced the sentiment in the domestic market, they said. Bullion market was closed on Saturday on account of Republic Day.Globally, gold rose to USD 1,301.82 an ounce and silver traded higher at USD 15.77 an ounce in New York.In the national capital, gold of 99.9 per cent and 99.5 per cent purities climbed Rs 350 each to Rs 33,650 and Rs 33,500 per 10 gram, respectively. Sovereign gold advanced by Rs 200 to Rs 25,700 per piece of eight gram.Silver ready rose by Rs 850 to Rs 40,900 per kg and weekly-based delivery by Rs 954 to Rs 39,990 per kg. Silver coins, too, were in good demand and traded higher by Rs 1,000 at Rs 78,000 for buying and Rs 79,000 for selling of 100 pieces, respectively. Oil prices fell 1 percent on Monday after U.S. companies added rigs for the first time this year, a signal that crude output may rise further, and as China, the world's secondlargest oil user, reported additional signs of an economic slowdown.International Brent crude oil futures LCOc1 were at $60.74 a barrel at 0804 GMT, down 90 cents, or 1.46 percent.U.S. crude oil futures CLc1 were at $52.84 per barrel, down 85 cents, or 1.58 percent, from their last settlement.High U.S. crude oil production C-OUT-T-EIA , which rose to a record 11.9 million barrels per day (bpd) late last year, has been weighing on oil markets, traders said.In a sign output could rise further, U.S. energy firms last week raised the number of rigs looking for new oil for the first time in 2019 to 862, an addition of 10 rigs, Baker Hughes energy services firm said in its weekly report on Friday. oil supply, a key question for this year will be the magnitude of demand growth.Oil consumption has been increasing steadily, and it will likely average above 100 million bpd for the first time ever in 2019, driven largely by a boom in China.A global economic slowdown, however, amid a trade dispute between Washington and Beijing is weighing on fuel demand-growth expectations.
_____________________________________________________________________________________________________________________
Special Report
31–JAN-2019
RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM FEB ABOVE 8650 TARGET 8665/8685/8710 SL 8490 SELL GUARGUM FEB BELOW 8600 TARGET 8585/8560/8540 SL 8660
NCDEX INDICES Index
Value
% Change
Barley
1580
0.39
Castor Seed
5096
0.39
Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT
4229 6609 2049 4336
-1.18 -0.05 0.59 -0.09
15910
-0.38
3952 3826 6398
1.24 0.86 0.13
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
India's rabi crop sowing covered 591.64 lakh hectares till 25th January 2019, down by 30 lakh hectares from 622.12 lakh hectares planted in 2017-18, according to the Agriculture Ministry’s latest data.The worst hit seems to be winter rice, which reported a shortfall of more than 21% in planting, with Andhra Pradesh and Tamil Nadu reporting a huge drop in rice acreage. Tamil Nadu, which accounts for nearly half the rice cultivation in the rabi season, reported a nearly 27% shortfall in sowing.Wheat cultivation, on the other hand, is restricted to 296.37 lakh hectares, which is 2.5% lower than the 304.88 lakh hectares reported in the corresponding week in the previous rabi season. The shortfall was mainly from Maharashtra and Gujarat, which are suffering a drought currently.The acreage under pulses dropped to 151.6 lakh hectares, a little over 6% lower than in the same period in 2017-18. The drop is mainly due to less sowing of gram - the main rabi pulse crop - in Maharashtra, Karnataka and Gujarat. Though there was a slight increase in pulses acreage in Madhya Pradesh, Jharkhand, West Bengal and Tamil Nadu, it wasn’t enough to pull up the numbers. Two pulse varieties that have reported higher sowing this year were green peas and kulthi, which are substantially higher than in the same period last year. Another group of crops hit by drought conditions is coarse cereals. The subdued sowing in Maharashtra and Karnataka has led to a 14% fall in acreage, which is 47 lakh hectares as compared to 54.63 lakh hectares in the corresponding period in the previous year. A good showing by the mustard crop, mainly in Rajasthan, has somehow helped oilseeds come up close to the levels last year. The total area covered under oilseeds so far is around 79 lakh hectares, as per the official data.
_____________________________________________________________________________________________________________________
Special Report
31–JAN-2019
RBI Reference Rate Currency
Rate Currency
Rupee- $
71.44 Yen
65.3225
81.7275 GBP
93.5825
Euro USD/INR TRADING STRATEGY: USD/INR
BUY USDINR FUTURE ABOVE 71.40 TARGET 71.50 71.60 SL 71.2 SELL USDINR FUTURE BELOW 71.25 TARGET 71.15 71.05 SL 71.45
GBP/INR TRADING STRATEGY: BUY GBPINR FUTURE ABOVE 93.75 TARGET 93.85 93.95 SL 93.55 SELL GBPINR FUTURE BELOW 93.45 TARGET 93.35 93.25 SL 93.65
Rate
The euro fell on Thursday ahead of a European Central Bank meeting in which policymakers may express caution about slowing economic growth.The ECB is expected to reaffirm its plan to raise interest rates by the end of the year but traders will focus on how explicitly, if at all, the central bank acknowledges the slow-downThe euro has lost around 1.6 percent of its value over the last two weeks as investors bet the ECB will keep monetary policy accommodative for an extended period.If recent weakerthan-expected economic activity in Germany and France leads ECB President Mario Draghi to point to a potentially longer lasting slowdown, that could hurt the euro."We see a risk of modest dovish bias from Draghi today given the long stream of the soft euro zone data and look for the euro to test $1.1310," said ING FX strategist Petr Krpata.At 0830 the euro was down 0.2 percent at $1.1355 EUR=EBS .Germany, France and Italy, the euro zone's biggest economies, barely grew in the fourth quarter and French business activity fell unexpectedly this month, a survey showed on Thursday. ECB holds its first meeting of the year at a time when concerns are also growing about global trade tensions and Brexit.Sterling traded marginally lower at $1.3043, hovering near highs last seen in mid-November in a sign traders expect Britain to avoid a chaotic exit from the European Union.Some analysts expect limited upside for sterling. Philip Wee, currency strategist at DBS says that most of the gains in the pound are due to the unwinding of short positions. He sees sterling capped in the range of $1.3170-1.3240 The U.S. dollar pushed higher against a basket of its rivals on Thursday but gains were held in check amid concerns over global growth, the U.S. government shutdown and the ongoing U.S.-China trade war."Trade tensions are the most dominant factor for investor sentiment right now and will drive market flows," said Nick Twidale, chief operating officer at Rakuten Securities.Twidale added that investor risk appetite will only improve once concerns over the partial U.S. government shutdown and trade tensions fade.
_____________________________________________________________________________________________________________________
Special Report
31–JAN-2019
Date
Commodity/ Currency Pairs
30/1/19
NCDEX DHANIYA
APR
BUY
6680
30/1/19
NCDEX DHANIYA
APR
Sell
30/1/19
NCDEX GUARGUM5
FEB
30/1/19
NCDEX GUARGUM5
30/1/19
Contract Strategy
Entry Level
Stop Loss
Remark
6695/6720/67 40
6620
SL HIT
6620
6605/6580/65 60
66680
TARGET
BUY
8650
8665/8685/87 10
8610
NOT EXECUTED
FEB
SELL
8600
8585/8560/85 40
8540
NOT EXECUTED
MCX GOLD
FEB
BUY
32600
32650/32700
32500
NOT EXECUTED
30/1/19
MCX GOLD
FEB
SELL
32500
32450/32400
32650
NOT EXECUTED
30/1/19
MCX SILVER
MAR
BUY
40100
40150/40250
39950
NOT EXECUTED
30/1/19
MCX SILVER
MAR
SELL
39950
39900/39800
40100
TARGET HIT
Entry Level
Target
Stop Loss
Remark
Target
Date
Scrip
CASH/ FUTURE/ Strategy OPTION
30/1/19
NIFTY
FUTURE
SELL
10600
10570/10500
10800
NOT EXECUTED
30/1/19
TITAN
FUTURE
BUY
970
1000/1030
940
OPEN
30/1/19
MCDOWNLL-N
FUTURE
SELL
540
530
550
NOT EXECUTED
30/1/19
REPOHOME
CASH
SELL
405
400/395
415
NOT EXECUTED
_____________________________________________________________________________________________________________________
Special Report
31–JAN-2019
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS TIME (ET)
REPORT
PERIOD ACTUAL
FORECAST
PREVIOUS
Dec.
--
0.22
THE GOVERNMENT SHUTDOWN COULD DELAY THE RELEASE OF SOME DATA THIS WEEK MONDAY, JAN. 28
8:30 am
Chicago Fed national activity index
TUESDAY, JAN. 29
8:30 am
Advance trade in goods*
Dec.
--
N/A
9 am
Case-Shiller house prices
Nov.
--
5.5%
10 am
Consumer confidence index
Jan.
124.0
128.1
10 am
Homeownership rate
--
64.4%
WEDNESDAY, JAN. 30
8:15 am
ADP employment
Jan.
--
271,000
8:30 am
Gross domestic product*
Q4
2.6%
3.4%
10 am
Pending home sales
Dec.
--
-0.7%
2 pm
FOMC announcement
2.25-2.5%
2.25-2.5%
2:30 pm
Jerome Powell press conference
THURSDAY, JAN. 31
8:30 am
Weekly jobless claims
1/1926
214,000
199,000
8:30 am
Employment cost index
Q4
0.8%
0.8%
8:30 am
Personal income*
Dec.
0.5%
0.2%
8:30 am
Consumer spending*
Dec.
0.3%
0.4%
8:30 am
Core inflation*
Dec.
0.2%
0.1%
9:45 am
Chicago PMI
Jan.
--
65.4
Jan.
177,000
312,000
FRIDAY, FEB. 1
8:30 am
Nonfarm payrolls
9:45 amam MarkitUnemployment manufacturing index 8:30 rate flash
Nov.
Jan.
--
55.7 3.9%
3.9%
9:45 amam MarkitAverage services hourly index flash 8:30 earnings
Nov.
Jan.
--
54.8 0.2%
0.4%
9:45 am
Markit manufacturing PMI
Jan.
--
54.9
10 am
ISM manufacturing index
Jan.
54.3%
54.1%
10 am
Construction spending*
Dec.
--
N/A
10 am
Consumer sentiment index
Jan.
90.8
90.7
Varies
Motor vehicle sales
Jan.
17.2 mln
17.5 mln
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.
_____________________________________________________________________________________________________________________