1. _____________________________________________________________________________________________________________________
Special Report
03–APR -2019
Global markets at a glance
The benchmark S&P 500 stock index paused on Tuesday,
taking a breather from Monday’s strong quarterly kickoff as
a decline in shares of Walgreens Boots Alliance Inc weighed
and economic data did little to ease growth concerns.The
Dow Jones Industrial Average fell 79.29 points, or 0.30%, to
26,179.13, the S&P 500 gained 0.05 points to 2,867.24, and
the Nasdaq Composite added 19.78 points, or 0.25%, to
7,848.69.
Asian shares hovered near seven-month highs early on
Wednesday as global investors paused for breath after the
strong rally seen earlier this week, while oil approached the
key USD 70 per barrel mark.MSCI’s broadest index of Asia-
Pacific shares outside Japan was up less than 0.1 percent
early in the Asian trading day. Australian shares were up
0.6 percent, while Japan’s Nikkei stock index added 0.2
percent.A positive opening is likely as Nifty Futures on
Singaporean Exchange were trading over 8.5 points higher.
The futures traded around 11,795-odd levels.
Oil prices rose for a fourth day on Wednesday, holding firm
despite an industry report showing that US inventories rose
unexpectedly last week, with supply cuts and sanctions
supporting the market.Brent futures rose 22 cents, or 0.3
percent, to $69.59 a barrel by 0028 GMT.
PREVIOUS DAY ROUNDOFF
Indian equity markets continued its upward momentum
with the Nifty index closing ~0.4% higher on Tuesday.
The Nifty PSU Bank index was among the top
outperformers, closing ~1% higher led by SBI, which has
added long positions since the start of the April series.Tata
Motors and Bharti Airtel were the top open interest gainers
adding long positions with a surge of ~8.5% and 5%,
respectively in the stock price. Conversely, the Nifty Midcap
index underperformed the benchmark index as market
breadth ended in favor of the declines.
Index stats
The Market was very volatile in last session. The sartorial in
dices performed as follow; Commodities[-21.10pts],
C o n s u m p t i o n [ - 3 . 7 5 p t s ] , P S E [ + 9 . 3 0 p t s ] , C P S E
[+7.10pts],Energy[-8.60pts],FMCG[-120pts],Auto
[+89.95pts],Pharma[-78.45pts],IT[+147.75pts],Metal[-
13.20pts],Realty[+6.20pts], Fin Serv sector[+38.95pts].
World Indices
Index Value % Change
DJI 26179 -0.30
S&P500 2867 +0.00
NASDAQ 7848.49 +0.25
FTSE100 7391 +1.01
NIKKEI 21669 +0.76
HANG SENG 29820 +0.66
Top Gainers
Company CMP Change % Chg
Tata Motors 202.95 15.6 8.33
Bharti Airtel 356.45 15.65 4.59
Eicher Motors 20,583.50 535.1 2.67
TCS 2,079.30 47.65 2.35
GAIL 362.6 7.9 2.23
Top Losers
Company CMP Change % Chg
HPCL 273.95 -9.85 -3.47
Zee Entertain 417.7 -14 -3.24
BPCL 380.5 -11.4 -2.91
Bajaj Auto 2,853.10 -62.55 -2.15
Sun Pharma 469.7 -9.15 -1.91
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
ASIANPAINT 1,523.45 30 2.01
BAJAJFINSV 7,311.00 139.2 1.94
BAJFINANCE 3,077.00 71.55 2.38
BILENERGY 3.6 0.15 4.35
BALAXI 41.85 1.95 4.89
Indian Indices
Company CMP Change % Chg
NIFTY 11713 +44 +0.38
SENSEX 39056.65 +184.78 +0.48
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
CHROMATIC 0.85 0 0
CYBERMEDIA 4.6 0.15 3.16
CYIENT 570 -69.2 -10.65
DNAMEDIA 1.15 -0.05 -4.17
GENESYS 94.25 0 0
2. _____________________________________________________________________________________________________________________
Special Report
03–APR -2019
STOCK RECOMMENDATION [CASH]
REPCOHOME
Stock showing strength in last day & it is going to be
continued beacuse after analysis of derivate date we have
seen the increase in open interest along with the price of
stock rise . Our recommendation is to buy the stock
above 460 target 465/470 Sl 450 .
MACRO NEWS
US President Donald Trump said on Monday he
intends to end India’s preferential trade treatment
under a program that allows $5.6 billion worth of
Indian exports to enter the United States duty free.
Trump, who has vowed to reduce US trade deficits,
has repeatedly called out India for its high tariffs.“I am
taking this step because, after intensive engagement
between the United States and the Government of
India, I have determined that India has not assured the
United States that it will provide equitable and
reasonable access to the markets of India,” Trump said
in a letter to congressional leaders
China set a 2019 budget deficit target that’s higher
than last year’s ratio and said its fiscal policy would be
more “proactive and effective”. The Ministry of
Finance said on Tuesday that it is targeting a budget
deficit of 2.8 percent of gross domestic product (GDP)
for this year, compared with 2018’s 2.6 percent
target.Policymakers have pledged to step up support
for the cooling economy this year, following a raft of
measures in 2018 including fast-tracked infrastructure
projects and cuts in banks’ reserve requirements and
taxes.
RECOMMENDATIONS [FUTURE]
1. Jindal Steel [FUTURE ]
Jindal Steel — Stock is trading in channel line & strong
buying seen in last week in this stock . In last week buying in
metal sector & stock specific like Vedanta , Jindal , Tata
Steel. Our recommendation is to Buy in the range 185-187
Target 190-195 Sl below 182 .
2. KSCL [FUTURE]
KSCL— In KSCL we have seen Buying in this week , we may
expect that it will be continue in upcoming week also. On
Technical point of view seen trend line breakout & also stock
bounce back RSI & MACD also indicate upmove in this stock
with strong volume.Our recommendation is Buy stock future
in the range of 460 Target 470/480 Sl 450
3. _____________________________________________________________________________________________________________________
Special Report
03–APR -2019
MOST ACTIVE CALL OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
BANKNIFTY CE 30,500 213 4,34,554 4,23,120
BANKNIFTY CE 30,700 130.2 4,20,137 3,73,400
BANKNIFTY CE 30,600 162.95 3,66,687 3,90,780
TATAMOTORS CE 200 12 15,932 40,96,000
TATAMOTORS CE 210 7.45 11,954 29,72,000
TATAMOTORS CE 220 4.35 9,573 24,52,000
SBIN CE 340 7.15 6,521 1,65,12,000
RELIANCE CE 1,400 40 6,015 13,96,500
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 30,000 42 6,53,375 6,83,920
BANKNIFTY PE 30,200 76.6 3,34,214 3,25,920
BANKNIFTY PE 30,100 54.9 3,22,110 3,25,740
TATAMOTORS PE 180 2.2 5,421 25,88,000
TATAMOTORS PE 190 4.05 5,275 20,02,000
TCS PE 2,000 24.85 4,555 7,69,250
RELIANCE PE 1,380 32.65 4,164 2,86,000
RELIANCE PE 1,360 24.55 3,767 6,49,500
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 32355 2533.07 40841 3199.87 215281 17173.14 -666.7974
INDEX OPTIONS 1278167 87372.33 1270874 86734.58 755268 60475.66 637.7477
STOCK FUTURES 220022 13566.68 211998 13178.58 1379319 89408.43 388.1047
STOCK OPTIONS 104038 6347.42 100258 6193.38 60146 3983.20 154.0382
513.0932
SELL
STOCKS IN NEWS
Karnataka Bank: Bank targets Rs 1,44,000 crore business
turnover for FY20.
Cipla's wholly owned subsidiary in USA i.e. Cipla
Technologies LLC, has signed a binding term sheet today
with Pulmatrix Inc
NIFTY FUTURE NIFTY -On weekly chart Nifty close with
green candle,during this week nifty was traded in a
brode range of 235 points. On Nifty we may expect
new all time high will see before starting 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 . After 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 11700-
11750 Target 11800/11900 SL below 11600.
INDICES R2 R1 PIVOT S1 S2
NIFTY 11772 11743 11699 11669 11625
BANKNIFTY 30618 30486 30320 30189 30023
4. _____________________________________________________________________________________________________________________
Special Report
03–APR -2019
COMMODITY ROUNDUP
Gold prices steadied near their lowest in about four-weeks
on Tuesday as robust economic data from the United States
and China tempered concerns of a global slowdown,
boosting the dollar and riskier assets.
Spot gold XAU= was up 0.1 percent at $1,288.53 per ounce
at 1007 GMT, having touched its lowest since March 7 at
$1,284.76 earlier. U.S. gold futures GCv1 fell about 0.2
percent to $1,292.30 an ounce."Gold continues to struggle
with the bullishness we are seeing across the other
sectors ... Today, the primary driver is the continuous
strength of the dollar," said Saxo Bank analyst Ole
Hansen."(Global slowdown) concerns are most certainly
easing. It's too early to say they are gone but they have
eased, and with that, also the need to have protection."
World stocks hovered just under a six-month high,
supported by strong manufacturing data from the United
States and China, while the dollar index .DXY rose to a three
-week high against a basket of rival currencies, making
bullion expensive for holders of other currencies. MKTS/
GLOB USD/Investors are also keeping a close watch on Sino-
U.S. trade negotiations, set to resume later this week in
Washington with a Chinese delegation led by Vice Premier
Liu He.
Gold prices slipped on Tuesday to their lowest in more than
three weeks as waning concerns about a global economic
slowdown lifted equities to multi-month highs, denting the
precious metal's safe-haven appeal.
Spot gold XAU= was down 0.1 percent at $1,286.41 per
ounce by 0732 GMT, after touching its lowest since March 7
at $1,284.76 earlier in the session. U.S. gold futuresGCv1 fell
about 0.2 percent to $1,291.40 an ounce."Concerns we saw
emerge in the past few weeks around economic growth has
certainly eased and that shift (in sentiment) in the past day
or two resulted in little bit of selling in gold market," ANZ
analyst Daniel Hynes said."Most of the global growth is
coming from China and the (Chinese) data over the
weekend eased those concerns."Strong manufacturing data
from the United States and China triggered a massive sell-
off in the U.S. bond market on Monday, which in turn lifted
Asian equities to seven-month highs. US/ MKTS/GLOB
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
GOLD BUY ABOVE 31800 Target 31850/31900 Sl 31700
GOLD SELL BELOW 31750 Target 31700/31650 Sl 31850
SILVER
TRADING STRATEGY:
Silver Buy Above 37700 Target 37800/37900 Sl 37575
Silver Sell Below 37900 Target 37800/3750 Sl 38150
5. _____________________________________________________________________________________________________________________
Special Report
03–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 9110 TGT 9140/9180 SL
BELOW 9080
SELL GUARGUM APR BELOW 9000 TGT 8960/8900 SL
ABOVE 9040
DHANIYA
TRADING STRATEGY:
BUY DHANIYA APRIL ABOVE 6900 TGT 6950/7050 SL
BELOW 6850
SELL DHANIYA APRIL BELOW 6850 TGT 6800/6700 SL
ABOVE 6900
Indonesia’s palm and palm kernel oil exports in February
rose 16.7 percent from a year earlier to 2.77 million tonnes,
the Indonesia Palm Oil Association (GAPKI) said in a
statement.On a monthly basis, shipments dropped almost
11 percent in February, which the association said was due
to fewer working days in the month.At the end of February,
domestic stocks of palm oil stood at 2.5 million tonnes,
down from January’s 3 million tonnes, it said.
The government has permitted moong dal imports of up to
1.5 lakh tonne in a fiscal year.This quota restriction will not
apply to the government's import commitments under any
bilateral or regional agreement or Memorandum of
Understanding, PTI reported citing an official
notification."Import of Moong shall be subject an annual
(fiscal year) quota of 1.5 lakh million tonnes as per
procedure to be notified by Directorate General of Foreign
Trade," an official notification said.The notification came
into effect from April 1, 2019.
The Coffee Board of India has activated a blockchain-based
marketplace app, in a bid to provide better returns to
coffee growers by removing middlemen.The Indian Coffee
Board hopes the initiative will help build the brand of Indian
Coffee as a luxury, premium beverage, and eliminate the
need for intermediaries in the supply chain vertical.With
this, the Coffee Board of India has taken the third spot in
launching a blockchain coffee trading app, after France and
Ethiopia.The app, launched by commerce minister Suresh
Prabhu last September, was activated on Thursday after
months of testing with farmers and traders.Blockchain
based market place app while bringing transparency in the
trade of Indian coffee, maintain the traceability of Indian
coffee from bean to cup so as the consumer tastes real
Indian coffee and the grower is paid fairly for his coffee
produced.
6. _____________________________________________________________________________________________________________________
Special Report
03–APR -2019
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 69.21 Yen 62.3675
Euro 77.8125 GBP 90.43
USD/INR
TRADING STRATEGY:
USD/INR
BUY USDINR ABOVE 69.15 TGT 69.25/69.35 SL BELOW
69.05
SELL USDINR BELOW 69.3 TGT 69.2/69.10 SL ABOVE 69.42
GBP/INR
TRADING STRATEGY:
BUY GBPINR ABOVE 90.6 TGT 90.72/90.82 SL BELOW 90.45
SELL GBPINR BELOW 90.35 TGT 90.25/90.15 SL ABOVE
90.45
While the trade optimism pushed the dollar lower against
most Asian currencies, it helped erase the greenback's
earlier losses against the safe-haven yen JPY= , which
followed U.S. President Donald Trump's criticism about
Federal Reserve monetary policy and a strong dollar. dollar
traded at 111.96 yen JPY= , near a 10-week high of 112.08
on Friday. It had dipped to 111.75 yen after Trump's
comments on the Fed. have a gentleman that likes a very
strong dollar at the Fed...I want a strong dollar, but I want
a dollar that's great for our country not a dollar that is so
strong that it is prohibitive for us to be dealing with other
nations," he told his supporters in a speech.
The rupee on Tuesday recovered from the day's low to
finally settle at 68.74 against the US dollar with gains of 40
paise amid sustained foreign fund inflows and heavy
buying in domestic equities. Forex dealers said foreign
fund inflows in the debt and equity markets helped the
rupee recover.
At the Interbank Foreign Exchange (forex), the domestic
currency opened lower at 69.32 a dollar but recovered the
losses during the day and touched the day's high of 68.70.
It finally settled at 68.74 per dollar, up 40 paise over its
previous close.A panel of economists, including former
Chief Economic Adviser Arvind Virmani, Tuesday called for
at least 0.25 percentage point rate cut in the RBI's first
monetary policy of the current fiscal to be unveiled later
this week. Virmani said that it is for the RBI to understand
that the real interest rate in India right now is very high."It
is high time time to ease monetary policy," Virmani said
during a panel discussion on RBI monetary policy organised
by Assocham-EGROW Foundation.
Ashima Goyal, Professor of Economics, Indira Gandhi
Institute of Development Research and Member, Prime
Minister's Economic Advisory Council, and Upasana
Bhardwaj, Senior Economist, Vice President Kotak
Mahindra Bank, also participated in the discussion.
8. _____________________________________________________________________________________________________________________
Special Report
03–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 PERIOD
ACTU
AL
FORECAS
T
PREVIOUS
THE GOVERNMENT SHUTDOWN WILL DELAY THE RELEASE OF SOME DATA THIS WEEK.
MONDAY, APRIL 1
8:30 am Retail sales* (new date) Feb. 0.3% 0.2%
8:30 am
Retail sales ex-autos*
(new date)
Feb. 0.4% 0.9%
9:45 am Markit manufacturing PMI (final) March -- 52.5
10 am ISM manufacturing index March 54.6% 54.2%
10 am Construction spending Feb. -0.1% 1.3%
10 am
Business inventories*
(new date)
Jan. -- 0.6%
TUESDAY, APRIL 2
8:30 am Durable goods orders* (new date) Feb. -2.0% 0.3%
8:30 am Core capex orders* (new date) Feb. -- 0.8%
Varies Motor vehicle sales March 16.8mln 16.6mln
WEDNESDAY, APRIL 3
8:15 am ADP employment report March -- 183,000
9:45 am Markit services PMI (final) March -- 54.8
10 am ISM nonmanufacturing index March 58.3% 59.7%
THURSDAY, APRIL 4
8:30 am Weekly jobless claims 3/30 -- --
FRIDAY, APRIL 5
8:30 am Nonfarm payrolls March 173,000 20,000
8:30 am Unemployment rate March 3.8% 3.8%
8:30 am Average hourly earnings March 0.2% 0.4%
3 pm Consumer credit Feb. -- $17 bln
*DELAYED BY GOVERNMENT SHUTDOWN
9. _____________________________________________________________________________________________________________________
Special Report
03–APR -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: 2019-04-03
09:26+05:30