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_____________________________________________________________________________________________________________________
Special Report
22-MAR-2019
Global markets at a glance
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.
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 Britain a choice of short delays to its departure
from the European Union, postponing Brexit, due March
29, until at least mid-April.The bloc said it will extend the
deadline until May 22 if Britain's Parliament approves
Prime Minister Theresa May's Brexit deal next week.
PREVIOUS DAY ROUNDOFF
Indian equity markets closed the trade on a volatile note
as pendulum swings weighed in. Nifty continued its positive
momentum, closing higher for the sixth trading day in a
row. Reliance Industries contributed majority of the gains
in Nifty and added fresh long positions as open positions
continued to soar higher along with a rise in the stock
price.Bajaj Finance added fresh long positions and is just
~2% away from breaching its life time high level. Midcap
stocks continued their underperformance for the fourth
day in a row as sharp selling was seen in major midcap
names. Nifty Bank index gained ~0.75% led by strong gains
in Axis & Kotak Bank. Market breadth ended in the favor of
declines with the advance/decline ratio closing at 1:1.5x.
Index stats
The Market was very volatile in last session. The sartorial in
dices performed as follow; Commodities[-57.15pts],
Consumption[-33.45pts],PSE[-97.05pts],CPSE[-
71.8pts],Energy[-196.5pts],FMCG[-135.8pts],Auto[-
121.95.pts],Pharma[+19.9pts],IT[+103.7pts],Metal[-
31.3pts],Realty[+6.30pts], Fin Serv sector[+36.20pts].
World Indices
Index Value % Change
DJI 25962 +0.84
S&P500 2854 +1.09
NASDAQ 7838 +1.42
FTSE100 7355 +0.88
NIKKEI 21525 -0.39
HANG SENG 28864 -0.71
Top Gainers
Company CMP Change % Chg
Indiabulls Hsg 732.6 34.65 4.96
Hindalco 207.15 4.8 2.37
Infosys 738.95 16.7 2.31
Wipro 261.55 4.1 1.59
Dr Reddys Labs 2,751.65 42.95 1.59
Top Losers
Company CMP Change % Chg
HPCL 275.1 -15.65 -5.38
Zee Entertain 443.2 -22.55 -4.84
BPCL 389.15 -18.65 -4.57
NTPC 129.25 -5.65 -4.19
ONGC 151.85 -5.15 -3.28
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
ALOKTEXT 5.8 0.25 4.5
ARVINDFASN 831.35 39.55 4.99
AXISBANK 756 19.3 2.63
BILENERGY 2.4 0.1 4.35
BANKBEES 3,051.30 22.34 0.75
Indian Indices
Company CMP Change % Chg
NIFTY 11521 -11.4 -0.10
SENSEX 38386 +23.28 +0.06
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
ABMINTLTD 14.85 0 0
BILPOWER 0.4 0.05 12.5
CYBERMEDIA 4.85 -0.1 -1.96
DNAMEDIA 1.65 -0.05 -2.94
FEDDERELEC 8.55 -0.45 -5
_____________________________________________________________________________________________________________________
Special Report
22-MAR-2019
STOCK RECOMMENDATION [CASH]
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.
MACRO NEWS
 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 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.
RECOMMENDATIONS [FUTURE]
1. Kajaria [FUTURE ]
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.
2. MCX [FUTURE]
MCX— On weekly chart stock give trendline breakout &
seen that hammer pattern followed by three white
soldiers ,both this are bullish pattern .Our view on the
technical basis is to buy stock future in range 800 Target
820/840 Sl below 780 . Strong base was formed in stock
near 660-670 .
_____________________________________________________________________________________________________________________
Special Report
22-MAR-2019
MOST ACTIVE CALL OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
BANKNIFTY CE 29,800 9 30,60,376 3,48,700
BANKNIFTY CE 29,900 0.1 29,69,117 15,01,740
BANKNIFTY CE 30,000 0.1 19,85,304 14,67,620
RELIANCE CE 1,400 13.25 16,009 16,44,000
RELIANCE CE 1,380 21.6 12,417 14,25,000
TCS CE 2,100 9.35 10,561 11,20,500
RELIANCE CE 1,420 7.25 9,815 6,87,500
RELIANCE CE 1,420 10.2 7,897 5,51,000
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 0.1 18,95,625 9,42,440
BANKNIFTY PE 29,800 0.1 17,70,030 9,96,880
BANKNIFTY PE 29,600 0.05 17,42,391 8,23,220
RELIANCE PE 1,360 13.4 9,101 7,12,000
RELIANCE PE 1,340 8.15 6,440 10,91,500
RELIANCE PE 1,380 21.75 5,904 3,63,000
MARUTI PE 6,700 119 4,701 53,475
RELIANCE PE 1,300 3 4,228 13,50,000
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 61752 4625.54 52201 3797.56 333651 26741.09 827.9822
INDEX OPTIONS 3431770 225369.27 3425525 224818.05 1030800 79742.71 551.2238
STOCK FUTURES 189178 11931.33 202116 12733.15 1449156 91856.92 -801.8185
STOCK OPTIONS 156784 10119.09 155849 10059.90 138378 8721.81 59.1966
636.5841
SELL
STOCKS IN NEWS
HCL Technologies entered into a shared services
arrangement with Xerox Corporation
Reliance Communications: The agreements dated
December 28, 2017 and August 11, 2018 entered into
between company, RTL, RITL (RCOM Group) and Reliance
Jio respectively for sale of certain specified telecom
assets have been terminated today by mutual agreement
NIFTY FUTURE
NIFTY - On Thursday market is in narrow range due to
weekly expiry of Nifty 50 option . Nifty opened at high
but not sustain & last two days Pre –Election rally has
stoped for a time being ,but it may expected to be
contiune upto 11500 . Buying in Banking, NBFC , &
Reality sector .On teachnical point of view nifty broke a
channel line & our recommendation is to Buy nifty future
on decline in range 11400 Target 11500/11570 Sl 11350.
INDICES R2 R1 PIVOT S1 S2
NIFTY 11579 11550 11526 11497 11473
BANKNIFTY 30035 29933 29783 29682 29531
_____________________________________________________________________________________________________________________
Special Report
22-MAR-2019
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 all-
time 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
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
_____________________________________________________________________________________________________________________
Special Report
22-MAR-2019
NCDEX INDICES
Index Value % Change
Barley 1680 0.89
Castor Seed 5272 0.38
Chana 4204 -0.1
Coriander 6589 0.09
Cotton Seed Oilcake 2045 2.18
Guar Seed 10 MT 4249 0.38
Jeera 16140 -0.87
Mustardseed 3826 0.1
Soy Bean 3631 0.8
RECOMMENDATIONS
GUARGUM5
TRADING STRATEGY:
BUY GUARGUM APR ABOVE 8700 TARGET 8715/8735/8760
SL 8640
SELL GUARGUM APR BELOW 8600 TARGET 8585/8565/6540
SL 8660
DHANIYA
TRADING STRATEGY:
BUY CORIANDER APR 6600 TARGET 6615/6635/6600 SL
6540
SELL CORIANDER APR BELOW 6530 TARGET
6515/6495/6470 SL 6590
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 state-
run 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
22-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 68.70 TARGET 68.8/68.8 SL
68.5
SELL USDINR FUTURE BELOW 68.5 TARGET 68.4/68.3 SL 68.7
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-than-
expected 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
22-MAR-2019
Date
Commodity/
Currency Pairs
Contract Strategy Entry Level Target Stop Loss Remark
20/03/19 NCDEX DHANIYA APR BUY 6570 6585/6600/6615 6510 NOT EXECUTED
20/03/19 NCDEX DHANIYA APR Sell 6530 6515/6495/6470 6590 TARGET
20/03/19
NCDEX
GUARGUM5
APR BUY 8830 8845/8860/8890 8770 TARGET
20/03/19
NCDEX
GUARGUM5
APR SELL 8800 8785/8760/8740 8860 NOT EXECUTED
20/03/19 MCX GOLD APR BUY 31780 31800/31850 31740 NOT EXECUTED
20/03/19 MCX GOLD APR SELL 31850 31800/31770 31920 TARGET
20/03/19 MCX SILVER MAY BUY 38300 38350/38400 38200 NOT EXECUTED
20/03/19 MCX SILVER MAY SELL 38120 38050/38000 38240 TARGET
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
20/03/19 NIFTY FUTURE BUY 11150-11160 11250-11300 11000 NOT EXECUTED
20/03/19 HPCL FUTURE BUY 288-290 295-300 282 NOT EXECUTED
20/03/19 MCX FUTURE BUY 800 820/840 780 TARGET
20/03/19 ICICI CASH BUY 395 400-405 390 OPEN
_____________________________________________________________________________________________________________________
Special Report
22-MAR-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
ACTUA
L
FORECAST PREVIOUS
THE GOVERNMENT SHUTDOWN WILL DELAY THE RELEASE OF SOME DATA THIS WEEK.
MONDAY, MARCH 18
10 am Home builders' index March -- 62
TUESDAY, MARCH 19
8:30 am Housings starts* Feb.
DELAYE
D
--
10 am Factory orders* (new date) Jan. 0.4% 0.1%
WEDNESDAY, MARCH 20
2 pm Federal Reserve announcement 2.25-2.5% 2.25-2.5%
2:30 pm Jerome Powell press conference
THURSDAY, MARCH 21
8:30 am Weekly jobless claims 3/16 225,000 229,000
8:30 am Philly Fed index March 5.0 -4.1
8:30 am Current account deficit* (new date) Q4 -- -2.4%/GDP
10 am
Quarterly services survey*
(new date)
Q4 -- --
10 am Leading economic indicators Feb. -- -0.1%
FRIDAY, MARCH 22
9:45 am Markit manufacturing PMI (flash) March -- 53.0
9:45 am Markit services PMI (flash) March -- 56.0
10 am Existing home sales Feb. 5.10mln 4.94 mln
10 am Wholesale inventories* (new date) Jan. -- 1.1%
2 pm Federal budget* (new date) Feb. -- -$215bln
_____________________________________________________________________________________________________________________
Special Report
22-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
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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: 2019-03-22 09:27+05:30

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Special report-22-mar-2019-epic research

  • 1. _____________________________________________________________________________________________________________________ Special Report 22-MAR-2019 Global markets at a glance 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. 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 Britain a choice of short delays to its departure from the European Union, postponing Brexit, due March 29, until at least mid-April.The bloc said it will extend the deadline until May 22 if Britain's Parliament approves Prime Minister Theresa May's Brexit deal next week. PREVIOUS DAY ROUNDOFF Indian equity markets closed the trade on a volatile note as pendulum swings weighed in. Nifty continued its positive momentum, closing higher for the sixth trading day in a row. Reliance Industries contributed majority of the gains in Nifty and added fresh long positions as open positions continued to soar higher along with a rise in the stock price.Bajaj Finance added fresh long positions and is just ~2% away from breaching its life time high level. Midcap stocks continued their underperformance for the fourth day in a row as sharp selling was seen in major midcap names. Nifty Bank index gained ~0.75% led by strong gains in Axis & Kotak Bank. Market breadth ended in the favor of declines with the advance/decline ratio closing at 1:1.5x. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[-57.15pts], Consumption[-33.45pts],PSE[-97.05pts],CPSE[- 71.8pts],Energy[-196.5pts],FMCG[-135.8pts],Auto[- 121.95.pts],Pharma[+19.9pts],IT[+103.7pts],Metal[- 31.3pts],Realty[+6.30pts], Fin Serv sector[+36.20pts]. World Indices Index Value % Change DJI 25962 +0.84 S&P500 2854 +1.09 NASDAQ 7838 +1.42 FTSE100 7355 +0.88 NIKKEI 21525 -0.39 HANG SENG 28864 -0.71 Top Gainers Company CMP Change % Chg Indiabulls Hsg 732.6 34.65 4.96 Hindalco 207.15 4.8 2.37 Infosys 738.95 16.7 2.31 Wipro 261.55 4.1 1.59 Dr Reddys Labs 2,751.65 42.95 1.59 Top Losers Company CMP Change % Chg HPCL 275.1 -15.65 -5.38 Zee Entertain 443.2 -22.55 -4.84 BPCL 389.15 -18.65 -4.57 NTPC 129.25 -5.65 -4.19 ONGC 151.85 -5.15 -3.28 Stocks at 52 Week’s HIGH Symbol Prev. Close Change %Chg ALOKTEXT 5.8 0.25 4.5 ARVINDFASN 831.35 39.55 4.99 AXISBANK 756 19.3 2.63 BILENERGY 2.4 0.1 4.35 BANKBEES 3,051.30 22.34 0.75 Indian Indices Company CMP Change % Chg NIFTY 11521 -11.4 -0.10 SENSEX 38386 +23.28 +0.06 Stocks at 52 Week’s LOW Symbol Prev. Close Change %Chg ABMINTLTD 14.85 0 0 BILPOWER 0.4 0.05 12.5 CYBERMEDIA 4.85 -0.1 -1.96 DNAMEDIA 1.65 -0.05 -2.94 FEDDERELEC 8.55 -0.45 -5
  • 2. _____________________________________________________________________________________________________________________ Special Report 22-MAR-2019 STOCK RECOMMENDATION [CASH] 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. MACRO NEWS  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 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. RECOMMENDATIONS [FUTURE] 1. Kajaria [FUTURE ] 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. 2. MCX [FUTURE] MCX— On weekly chart stock give trendline breakout & seen that hammer pattern followed by three white soldiers ,both this are bullish pattern .Our view on the technical basis is to buy stock future in range 800 Target 820/840 Sl below 780 . Strong base was formed in stock near 660-670 .
  • 3. _____________________________________________________________________________________________________________________ Special Report 22-MAR-2019 MOST ACTIVE CALL OPTION Symbol Optio n Type Strike Price LTP Traded Volume (Contracts) Open Interest BANKNIFTY CE 29,800 9 30,60,376 3,48,700 BANKNIFTY CE 29,900 0.1 29,69,117 15,01,740 BANKNIFTY CE 30,000 0.1 19,85,304 14,67,620 RELIANCE CE 1,400 13.25 16,009 16,44,000 RELIANCE CE 1,380 21.6 12,417 14,25,000 TCS CE 2,100 9.35 10,561 11,20,500 RELIANCE CE 1,420 7.25 9,815 6,87,500 RELIANCE CE 1,420 10.2 7,897 5,51,000 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 0.1 18,95,625 9,42,440 BANKNIFTY PE 29,800 0.1 17,70,030 9,96,880 BANKNIFTY PE 29,600 0.05 17,42,391 8,23,220 RELIANCE PE 1,360 13.4 9,101 7,12,000 RELIANCE PE 1,340 8.15 6,440 10,91,500 RELIANCE PE 1,380 21.75 5,904 3,63,000 MARUTI PE 6,700 119 4,701 53,475 RELIANCE PE 1,300 3 4,228 13,50,000 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 61752 4625.54 52201 3797.56 333651 26741.09 827.9822 INDEX OPTIONS 3431770 225369.27 3425525 224818.05 1030800 79742.71 551.2238 STOCK FUTURES 189178 11931.33 202116 12733.15 1449156 91856.92 -801.8185 STOCK OPTIONS 156784 10119.09 155849 10059.90 138378 8721.81 59.1966 636.5841 SELL STOCKS IN NEWS HCL Technologies entered into a shared services arrangement with Xerox Corporation Reliance Communications: The agreements dated December 28, 2017 and August 11, 2018 entered into between company, RTL, RITL (RCOM Group) and Reliance Jio respectively for sale of certain specified telecom assets have been terminated today by mutual agreement NIFTY FUTURE NIFTY - On Thursday market is in narrow range due to weekly expiry of Nifty 50 option . Nifty opened at high but not sustain & last two days Pre –Election rally has stoped for a time being ,but it may expected to be contiune upto 11500 . Buying in Banking, NBFC , & Reality sector .On teachnical point of view nifty broke a channel line & our recommendation is to Buy nifty future on decline in range 11400 Target 11500/11570 Sl 11350. INDICES R2 R1 PIVOT S1 S2 NIFTY 11579 11550 11526 11497 11473 BANKNIFTY 30035 29933 29783 29682 29531
  • 4. _____________________________________________________________________________________________________________________ Special Report 22-MAR-2019 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 all- time 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 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
  • 5. _____________________________________________________________________________________________________________________ Special Report 22-MAR-2019 NCDEX INDICES Index Value % Change Barley 1680 0.89 Castor Seed 5272 0.38 Chana 4204 -0.1 Coriander 6589 0.09 Cotton Seed Oilcake 2045 2.18 Guar Seed 10 MT 4249 0.38 Jeera 16140 -0.87 Mustardseed 3826 0.1 Soy Bean 3631 0.8 RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM APR ABOVE 8700 TARGET 8715/8735/8760 SL 8640 SELL GUARGUM APR BELOW 8600 TARGET 8585/8565/6540 SL 8660 DHANIYA TRADING STRATEGY: BUY CORIANDER APR 6600 TARGET 6615/6635/6600 SL 6540 SELL CORIANDER APR BELOW 6530 TARGET 6515/6495/6470 SL 6590 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 state- run 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.
  • 6. _____________________________________________________________________________________________________________________ Special Report 22-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 68.70 TARGET 68.8/68.8 SL 68.5 SELL USDINR FUTURE BELOW 68.5 TARGET 68.4/68.3 SL 68.7 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-than- expected 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.
  • 7. _____________________________________________________________________________________________________________________ Special Report 22-MAR-2019 Date Commodity/ Currency Pairs Contract Strategy Entry Level Target Stop Loss Remark 20/03/19 NCDEX DHANIYA APR BUY 6570 6585/6600/6615 6510 NOT EXECUTED 20/03/19 NCDEX DHANIYA APR Sell 6530 6515/6495/6470 6590 TARGET 20/03/19 NCDEX GUARGUM5 APR BUY 8830 8845/8860/8890 8770 TARGET 20/03/19 NCDEX GUARGUM5 APR SELL 8800 8785/8760/8740 8860 NOT EXECUTED 20/03/19 MCX GOLD APR BUY 31780 31800/31850 31740 NOT EXECUTED 20/03/19 MCX GOLD APR SELL 31850 31800/31770 31920 TARGET 20/03/19 MCX SILVER MAY BUY 38300 38350/38400 38200 NOT EXECUTED 20/03/19 MCX SILVER MAY SELL 38120 38050/38000 38240 TARGET Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 20/03/19 NIFTY FUTURE BUY 11150-11160 11250-11300 11000 NOT EXECUTED 20/03/19 HPCL FUTURE BUY 288-290 295-300 282 NOT EXECUTED 20/03/19 MCX FUTURE BUY 800 820/840 780 TARGET 20/03/19 ICICI CASH BUY 395 400-405 390 OPEN
  • 8. _____________________________________________________________________________________________________________________ Special Report 22-MAR-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 ACTUA L FORECAST PREVIOUS THE GOVERNMENT SHUTDOWN WILL DELAY THE RELEASE OF SOME DATA THIS WEEK. MONDAY, MARCH 18 10 am Home builders' index March -- 62 TUESDAY, MARCH 19 8:30 am Housings starts* Feb. DELAYE D -- 10 am Factory orders* (new date) Jan. 0.4% 0.1% WEDNESDAY, MARCH 20 2 pm Federal Reserve announcement 2.25-2.5% 2.25-2.5% 2:30 pm Jerome Powell press conference THURSDAY, MARCH 21 8:30 am Weekly jobless claims 3/16 225,000 229,000 8:30 am Philly Fed index March 5.0 -4.1 8:30 am Current account deficit* (new date) Q4 -- -2.4%/GDP 10 am Quarterly services survey* (new date) Q4 -- -- 10 am Leading economic indicators Feb. -- -0.1% FRIDAY, MARCH 22 9:45 am Markit manufacturing PMI (flash) March -- 53.0 9:45 am Markit services PMI (flash) March -- 56.0 10 am Existing home sales Feb. 5.10mln 4.94 mln 10 am Wholesale inventories* (new date) Jan. -- 1.1% 2 pm Federal budget* (new date) Feb. -- -$215bln
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