The document provides a daily market summary and stock recommendations. Key points include: - Global markets were mixed with the S&P 500 little changed and Asian shares flat as investors awaited corporate earnings results. - Recommendations are given to buy Infosys stock ahead of its quarterly results, as well as buy futures in Havells and PVR based on technical analysis. - Market indices and the top gainers and losers for the day on Indian markets are provided.

1. _____________________________________________________________________________________________________________________
Special Report
12 –APR -2019
Global markets at a glance
The S&P 500 ended little changed on Thursday as growing
anxiety over a global economic slowdown offset upbeat
data and investors waited for earnings season to kick into
high gear.The Dow Jones Industrial Average fell 14.11
points, or 0.05 percent, to 26,143.05, the S&P 500 closed
flat at 2,888.32 and the Nasdaq Composite dropped 16.89
points, or 0.21 percent, to 7,947.36.
Asian shares were flat and US Treasury yields pulled back
on Friday as investor caution prevailed ahead of the release
of first-quarter corporate earnings, although stronger US
economic data helped offset some concerns about global
growth.MSCI’s broadest index of Asia-Pacific shares outside
Japan was barely higher, up 0.03 percent. Higher Chinese
iron ore prices helped Australian shares outpace regional
markets, pushing Australia’s S&P/ASX 200 index up 0.7
percent.
PREVIOUS DAY ROUNDOFF
Indian equity markets traded in a narrow range throughout
the day on Thursday with the Nifty50 closing the day with
marginal gains.Bajaj Finance & Bajaj Finserv were among
the top outperforming large-cap stocks, posting ~1.5%
gains each along with an addition of fresh long
positions.The Nifty IT index declined ~0.7% ahead of
Q4FY19 earnings of major heavyweights like TCS & INFY,
starting from tomorrow.Adani Power & Tata Power posted
the strong rally in the last trading hour, closing ~3% higher
each along with an addition of long positions.Market
breadth ended in favor of declines with advance/decline
ratio closing at 1:1x.On the options front (April 11, 2019
expiry), across the board, short selling was in out of the
money Nifty Call & Put option strikes, as markets traded in
a narrow range . Nifty 11700CE is the maximum open
interest strike, consisting mainly of short positions, making
11700 level as an immediate resistance for the weekly .
Index stats
The Market was very volatile in last session. The sartorial in
dices performed as follow; Commodities[+2.60pts],
C o ns um pt io n[+2 3 .30 t s ],P SE [+ 10 .70 pt s ], C P SE
[+8.65pts],Energy[+132.25pts],FMCG[+156.2pts],Auto
[+45.55pts],Pharma[-16.75pts],IT[-124.40pts],Metal[-
37.75pts],Realty[-2.00pts], Fin Serv sector[+23.35 pts].
World Indices
Index Value % Change
DJI 26157 +0.03
S&P500 2888 +0.35
NASDAQ 7964 +0.69
FTSE100 7421 -0.05
NIKKEI 21627 -0.28
HANG SENG 29822 -0.99
Top Gainers
Company CMP Change % Chg
Indiabulls Hsg 845.8 21.4 2.6
Bajaj Finserv 7,562.75 139.45 1.88
Bharti Airtel 346.35 6.35 1.87
Bajaj Auto 2,993.70 50.8 1.73
Dr Reddys Labs 2,811.75 46.75 1.69
Top Losers
Company CMP Change % Chg
Vedanta 181.15 -7.35 -3.9
Tata Steel 535.7 -8.7 -1.6
Power Grid Corp 195.95 -2.7 -1.36
Sun Pharma 465.55 -6.4 -1.36
Infosys 742.7 -10 -1.33
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
BALAXI 55.9 2.65 4.98
BILENERGY 4.65 0.2 4.49
HONAUT 24,245.00 927.35 3.98
J&KBANK 65.75 4.2 7.02
ICICIGI 1,097.00 23.9 2.23
Indian Indices
Company CMP Change % Chg
NIFTY 11596 +12.40 +0.11
SENSEX 38607 +21.66 +0.06
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
ANGIND 0.85 0.05 5.88
ATNINTER 0.05 0 0
CANDC 8.75 0.4 4.35
DNAMEDIA 0.95 0 0
GANDHITUBE 333 -4 -1.15

2. _____________________________________________________________________________________________________________________
Special Report
12 –APR -2019
STOCK RECOMMENDATION [CASH]
INFY
INFOSYS — Stock is taking a support of trendline on
weekly chart & also forming a Cup & Handle . Quarterly
result of company is on April 12,2019. Our
recommendation is to Buy Infosys 750 Target 755/760
maintain Sl below 740. Market expectation from company
is high on revenue front as we compare with its peers like
TCS , HCL Tech .
MACRO NEWS
 Oil prices were firm on Friday, supported by ongoing
supply cuts led by producer club OPEC and by US
sanctions on petroleum exporters Iran and Venezuela.
International Brent crude oil futures were at USD
71.01 per barrel at 0042 GMT, up 18 cents, or 0.3
percent, from their last close. US West Texas
Intermediate (WTI) crude futures were at USD 63.78
per barrel, up 20 cents, or 0.3 percent, from their
previous settlement.
 The Reserve Bank of India on Thursday said
reinsurance brokers have been permitted to open non
-interest bearing foreign currency accounts with banks
for undertaking transactions.Earlier, the Insurance
Regulatory and Development Authority of India (Irdai)
had issued notification in this regard. Following the
Irdai's notification, the extant regulations regarding
opening of foreign currency accounts were reviewed.
 Brokerages largely expect TCS to report revenue
growth of around 2.5 percent in dollar terms due to
cross-currency tailwinds. Constant currency terms
revenue growth is expected to be around 2 percent,
sequentially.
RECOMMENDATIONS [FUTURE]
1. HAVELLS [FUTURE ]
HAVELLS — Stock is trading in channel line & Hammer
pattern form on daily chart . Stock is al;so taking a support of
trend line .RSI & MACD also indicating Buying in this
stock .Our recommendation is to Buy stock future in the
range 767 Target 770-775 maintain sl below 764
2. PVR [FUTURE]
PVR — On weekly chart stock giveen breakout & created
bullish hammer candle stick pattern .Our view on the
technical basis is to buy stock future in range 1698 Target
1706/1720 Sl below 1690. Stock is moving above all its
important moving averages like 50,100 & 200 DEMA.

3. _____________________________________________________________________________________________________________________
Special Report
12 –APR -2019
MOST ACTIVE CALL OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
BANKNIFTY CE 29,800 0.05 29,67,141 12,67,440
BANKNIFTY CE 29,900 0.1 24,31,533 10,50,600
BANKNIFTY CE 30,000 0.1 21,70,073 17,64,860
TCS CE 2,100 28.5 6,789 12,31,250
RELIANCE CE 1,400 15 6,324 25,14,500
RELIANCE CE 1,360 30.1 6,053 13,89,500
TATAMOTORS CE 220 6.5 5,791 45,02,000
HDFCBANK CE 2,300 20.6 4,892 6,71,250
MARUTI CE 9,000 111.5 5,823 2,83,500MOST ACTIVE PUT OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
BANKNIFTY PE 29,700 0.05 23,33,444 9,38,960
BANKNIFTY PE 29,600 0.15 21,36,677 10,20,080
BANKNIFTY PE 29,500 0.05 16,49,509 8,94,380
TATAMOTORS PE 210 3.5 4,136 29,56,000
RELIANCE PE 1,320 13.5 3,866 8,68,500
RELIANCE PE 1,300 8.55 3,480 10,41,000
SBIN PE 310 4.45 2,854 30,60,000
TATAMOTORS PE 215 5.2 2,843 11,52,000
FII DERIVATIVES STATISTICS
BUY OPEN INTEREST AT THE END OF THE DAY
No. of
Contracts
Amount in
Crores
No. of
Contracts
Amount in
Crores
No. of
Contracts
Amount in
Crores
NET AMOUNT
INDEX FUTURES 36728 2610.68 35715 2582.26 226534 18063.06 28.4219
INDEX OPTIONS 4488516 286140.19 4441124 282895.67 851231 67373.58 3244.5219
STOCK FUTURES 159954 9778.43 171983 10523.16 1378680 88811.33 -744.7284
STOCK OPTIONS 91404 5715.93 91553 5730.53 113229 7111.05 -14.6019
2513.6135
SELL
STOCKS IN NEWS
Info Edge: Company has invested through its wholly-
owned subsidiary Rs 6 crore in Bizcrum Infotech Private
Ltd.
Avenue Supermarts: Company raised Rs 50 crore via
commercial papers.
Ashok Leyland: Promoter pledged 1.33 percent stake in
the company.
NIFTY FUTURE NIFTY -On weekly chart Nifty close with
green candle,during this week nifty was traded in a
brode range of 235 points. first phase of election April
17,2019 . In last week FII infuse more than 6000 cr &
selling by DII in cash Rs 435 cr, which was less as we
compare to last week data . AfterOn Nifty we may
expect new all time high will see before starting analysis
of data suggest that 11500-11600 work as support & OI
addtion seen in 11700-11800 works as resistance . Our
recommendation is to Buy Nifty 50 in the range 11450-
11500 Target 11550/11600 SL below 11350.
INDICES R2 R1 PIVOT S1 S2
NIFTY 11640 11618 11584 11562 11528
BANKNIFTY 29971 29878 29759 29666 29547

4. _____________________________________________________________________________________________________________________
Special Report
12 –APR -2019
COMMODITY ROUNDUP
Asia's naphtha crack climbed for a second session on
Thursday to $50.33 a tonne, while gasoline margin surged
to more than a seven-month high of $8.81 a barrel on
demand that resulted in a drawdown of stocks across
regions.INVENTORIES: Singapore light distillates inventories,
comprising mostly gasoline and blending components for
petrol, dropped 7.2 percent or 1.144 million barrels to reach
14.734 million barrels in the week ended April 10, official
data showed. O/SING1.This mirrored the fall in inventories
in the United States where its gasoline stock levels dived 7.7
million barrels last week, Energy Information Administration
(EIA) data. This was sharply lower versus expectations of a 2
million barrel drop in a Reuters poll of analysts. OTHER
NEWS: BP (LON:BP) is the last of the international oil
majors, including Royal Dutch Shell (LON:RDSa), Exxon
Mobil (NYSE:XOM), ConocoPhillips (NYSE:COP)
and ENI (MI:ENI), to quit exploring for shale gas in China
because of poor drilling results. Its departure leaves the
sector firmly in the hands of domestic companies.
Gold eased on Thursday as investors booked some profit
from the metal's strong run this week, but bullion held near
a two-week peak supported by concerns over an economic
slowdown, as major central banks retained a dovish policy
stance.Spot gold XAU= was down 0.2 percent at $1,304.63
per ounce by 1011 GMT. It touched its highest since March
28 at $1,310.50 on Wednesday.U.S. gold futures GCv1 were
about 0.4 percent lower at $1,308.50 an ounce. Spot prices
have rebounded from a near 10-week low touched last
week at $1,280.59.Gold is being pressured by some profit-
taking following the past week's gains, especially with the
climb above $1,300, OANDA senior market analyst Craig
Erlam said.Rising U.S. crude stocks dragged oil lower on
Thursday but prices continued to find a floor as OPEC-led
cuts and freefalling Venezuelan output tightened global
supplies.International benchmark Brent futures LCOc1 were
at $71.23 a barrel at 0942 GMT, down 50 cents from their
last close.U.S. West Texas Intermediate (WTI) crude oil
futures CLc1 were down 54 cents at $64.07 per barrel.U.S.
crude inventories C-STK-T-EIA surged by 7 million barrels to
a 17-month high of 456.6 million barrels last week, the
Energy Information Administration said on Wednesday.
crude oil production C-OUT-T-EIA remained at a record 12.2
million barrels per day (bpd), making the United States the
world's biggest oil producer ahead of Russia and Saudi
Arabia.
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
GOLD BUY ABOVE 32155 Target 32200/32250 Sl 32050
GOLD SELL BELOW 32000 Target 31950/31900 Sl 32100
SILVER
TRADING STRATEGY:
Silver Buy Above 38500 Target 38500/38600 Sl 38400
Silver Sell Below 38450 Target 38400/38300 Sl 38550

5. _____________________________________________________________________________________________________________________
Special Report
12 –APR -2019
NCDEX INDICES
Index Value % Change
Castor Seed 4100 -0.46
Chana 6268 -1.72
Coriander 1936 -1.14
Cotton Seed Oilcake 4146.5 0.33
Guar Seed 10 MT 15440 0.03
Jeera 3840 -0.42
Mustardseed 3637 -0.55
Soy Bean 6238 0.64
Turmeric 6148 0.29
RECOMMENDATIONS
GUARGUM5
TRADING STRATEGY:
BUY GUARGUM APR ABOVE 9025 TGT 9055/9115/9165 SL
BELOW 8975
SELL GUARGUM APR BELOW 8881 TGT 8851/8791/8741 SL
ABOVE 8931
DHANIYA
TRADING STRATEGY:
BUY DHANIYA APRIL ABOVE 7247 TGT 7262/7322/7392 SL
BELOW 7217
SELL DHANIYA APRIL BELOW 7105 TGT 7090/7030/6960
SL ABOVE 7135
Indian sugar mills have contracted to export 2.7 million
tonnes of sugar since the current season began on Oct. 1,
trade body All India Sugar Trade Association (AISTA) said.
Mills have already shipped out 1.7 million tonnes of the
sweetener, a top official of the All India Sugar Trade
Association told Reuters.Indian mills have sold nearly an
equal quantity of raw and refined, or white sugar, for which
the top destinations are Bangladesh, Sri Lanka, Somalia,
Iran and Sudan, the official said.India, the world's biggest
sugar consumer, late last year approved incentives to
encourage cash-strapped mills to export at least 5 million
tonnes of sugar in the 2018-19 season to help prop up
prices by trimming bulging stocks.
Cotton production in Gujarat, the largest producer of the
natural fibre in India, is expected to fall to the lowest since
2008-19, largely on account of a decline in per hectare yield
following scanty rainfall in cotton growing regions of the
state.The latest crop estimate by the Cotton Association of
India (CAI) puts production in Gujarat at 82.5 lakh bales
(one bale is 170kg) in 2018-19. Production was 105 lakh
bales in 2017-18.The per hectare yield in Gujarat is
projected to fall to 532kg in 2018-19, from 619kg in the
previous year.Of the projected output, 61 lakh bales have
already arrived in the market.Data from the state
agriculture department shows that cotton acreage in
Gujarat increased to 27.12 lakh hectare in 2018-19 from
26.02 lakh hectare in 2017-18.Lower production in Gujarat
has also brought down overall production in India, which is
also estimated to hit a one-decade low at 321 lakh bales in
2018-19 against 365 lakh bales the previous year. Sugar
production in Maharashtra for the year starting Oct 1 may
be eight million tonnes, down at least 25% from this year's
output, said a top official of Maharashtra State Co-
operative Sugar Factories Federation Ltd.

6. _____________________________________________________________________________________________________________________
Special Report
12 –APR -2019
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 69.3350 Yen 62.4725
Euro 78.4 GBP 90.93
USD/INR
TRADING STRATEGY:
USD/INR
BUY USDINR ABOVE 69.35 TGT 69.45/69.55 SL BELOW 69.2
SELL USDINR BELOW 69.2 TGT 69.1/69 SL ABOVE 69.35
GBP/IN
TRADING STRATEGY:
BUY GBPINR ABOVE 91 TGT 91.2/91.5 SL BELOW 90.9
SELL GBPINR BELOW 90.8 TGT 90.7/90.6 SL ABOVE 91
The dollar and euro were little changed on Thursday after
the Federal Reserve and the European Central Bank hinted
they were willing to leave interest rates alone amid trade
tensions and signs of flagging growth.Sterling traded flat
after European Union leaders extended the deadline for
Britain to leave the EU, suggesting fears remain about
where Brexit is headed.Currency markets are waiting for
key economic data from China: trade figures due on Friday
and first-quarter gross domestic product due next
week.The Fed on Wednesday released the minutes on its
March 19-20 meeting at which policy-makers signaled they
would not raise rates in 2019.ECB President Mario Draghi
underscored the risks facing the euro zone economy,
reinforcing bets on further stimulus to prevent the region
from slipping into recession. are focused on where the
pound is headed after another delay to Brexit.The
advantages for sterling, as well as UK and European
equities, include the removal of a near-term, no-deal
Brexit. But that is offset by the prospects of UK Prime
Minister Theresa May's replacement, a general election
and the threat to the UK economy of prolonged
uncertainty.
The euro and pound were little changed against each other
and higher against the dollar in early trading in Europe
Thursday after the European Union agreed to push back
the U.K.’s departure date as far as Oct. 31.The decision
essentially leaves the pound in limbo, with the possibility
of a no-deal Brexit still very much alive, and the prospect
of a chaotic campaign for European elections to come. As
such, it’s unlikely to end the uncertainty that has
depressed both business and consumer sentiment in
recent weeks. The U.K. will be forced out of the EU on June
1st if it fails to take part in those elections.At 04:10 AM ET
(0810 GMT), the euro was at $1.1287, up 0.2% from late
Wednesday in Europe, while the pound was at $1.3096,
virtually unchanged.It’s “the worst of all worlds,” said
Helen Thomas, CEO and founder of the consultancy Blonde
Money. She said it “removes the time pressure to force a
decision but doesn’t quite provide enough time for air to
clear through a general election or a second referendum.”

7. _____________________________________________________________________________________________________________________
Special Report
12 –APR -2019
Date
Commodity/
Currency Pairs
Contract Strategy Entry Level Target Stop Loss Remark
11/04/19 NCDEX DHANIYA APR BUY 7189 7204/7264/7334 7159 TARGET HIT
11/04/19 NCDEX DHANIYA APR Sell 6965 6950/6890/6820 6995 NOT EXECUTED
11/04/19
NCDEX
GUARGUM5
APR BUY 9050 9080/9140/9190 9000 NOT EXECUTED
11/04/19
NCDEX
GUARGUM5
APR SELL 8909 8879/8819/8769 8905 TARGET HIT
11/04/19 MCX GOLD JUN BUY 32155 32200/32250 32050 SL HIT
11/04/19 MCX GOLD JUN SELL 32000 31950/31900 32100 NOT EXECUTED
11/04/19 MCX SILVER JUL BUY 38500 38550/38600 38400 TARGET
11/04/19 MCX SILVER JUL SELL 38450 38400/38300 38550 TARGET
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
11/04/19 NIFTY FUTURE BUY 11700-11750 11800/11900 10900
11/04/19 HAVELLS FUTURE BUY 767 770/775 764 SL HIT
11/04/19 PVR FUTURE BUY 1698 1706/1720 1690 TARGET
11/04/19 INFY CASH BUY 760-762 770/780 750 OPEN

8. _____________________________________________________________________________________________________________________
Special Report
12 –APR -2019
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS
9:45 am Markit manufacturing index flash Nov. -- 55.7
9:45 am Markit services index flash Nov. -- 54.8
TIME (ET) REPORT
PER
IOD
ACTUAL FORECAST PREVIOUS
THE GOVERNMENT SHUTDOWN WILL DELAY THE RELEASE OF SOME DATA THIS WEEK.
MONDAY, APRIL 8
10 am Factory orders* (new date)
Feb
.
0.1%
TUESDAY, APRIL 9
6 am NFIB small business index
Ma
rch
101.7
10 am Job openings
Feb
.
7.6 mln
WEDNESDAY, APRIL 10
8:30 am Consumer price index
Ma
rch
0.2%
8:30 am Core CPI
Ma
rch
0.1%
2 pm FOMC minutes
2 pm Federal budget
Ma
rch
-$125bln
THURSDAY, APRIL 11
8:30 am Weekly jobless claims 4/6 -- --
8:30 am Producer price index
Ma
rch
0.1%
FRIDAY, APRIL 12
8:30 am Import price index
Ma
rch
0.6%
10 am Consumer sentiment index
Apr
il
98.4
*DELAYED BY GOVERNMENT SHUTDOWN

9. _____________________________________________________________________________________________________________________
Special Report
12 –APR -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: 2019-04-12
09:08+05:30