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_____________________________________________________________________________________________________________________
Special Report
11 –APR -2019
Global markets at a glance
Technology stocks led Wall Street slightly higher on
Wednesday, as US inflation data proved to be benign and
the minutes from the Federal Reserve’s March meeting
were unsurprising.The Dow Jones Industrial Average rose
6.58 points, or 0.03 percent, to 26,157.16, the S&P 500
gained 10.01 points, or 0.35 percent, to 2,888.21, and the
Nasdaq Composite added 54.97 points, or 0.69 percent, to
7,964.24.
Asian stocks held near eight-month highs on Thursday and
the dollar slipped again on expectations global interest
rates will stay lower for longer after a dovish turn by the
European Central Bank and milder than expected US
inflation.MSCI’s broadest index of Asia-Pacific shares
outside Japan paused after four straight days of gains but
held near its highest since last August. Japan’s Nikkei eased
0.2 percent as the yen strengthened.Trends on SGX Nifty
indicate a positive opening for the broader index in India, a
rise of 17.5 points or 0.15 percent. Nifty futures were
trading around 11,669-level on the Singaporean Exchange.
PREVIOUS DAY ROUNDOFF
Indian equity markets continued to remain volatile,
shedding yesterday’s gain as both Nifty and Bank Nifty
posted a sharp sell-off in closing hour of the trade.Major
heavyweights like Bharti Airtel, HDFC Bank and Asian Paints
closed at intraday lows, shedding 2-3% backed by a build-
up of heavy short positions. Nifty midcap 50 index
o u t p e r f o r m e d t h e b e n c h m a r k i n d e x .
Market breadth ended in the favour of the declines with
advance/decline ratio closing at 1:1xNifty and Bank Nifty
futures added fresh open interest, indicating marginal build
-up of short positions. On the options front (April 11, 2019
expiry), across the board unwinding of short positions in
put option strikes was seen with Nifty 11600PE shedding
5.13 lakh shares in open positions.
Index stats
The Market was very volatile in last session. The sartorial in
dices performed as follow; Commodities[-17.5pts],
Consumption[-16.5ts],PSE[-5.75pts],CPSE[-0.55pts],Energy
[-41.35pts],FMCG[-24.30pts],Auto[+21.7pts],Pharma
[+74.60pts],IT[-122.45pts],Metal[-28.45pts],Realty
[+3.10pts], Fin Serv sector[-141.45pts].
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
Tata Motors 216.05 10.15 4.93
Cipla 546.45 14.45 2.72
Wipro 281 7.2 2.63
HUL 1,694.15 13.65 0.81
IOC 156.6 1.2 0.77
Top Losers
Company CMP Change % Chg
Bharti Airtel 340 -11.6 -3.3
Hindalco 211.7 -5.45 -2.51
TCS 2,040.25 -51.25 -2.45
Asian Paints 1,409.85 -35 -2.42
HDFC Bank 2,237.35 -49.9 -2.18
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 11584 -87.7 -0.57
SENSEX 38585 -353 -0.91
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
_____________________________________________________________________________________________________________________
Special Report
11 –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 760-762 Target
770/780 maintain Sl below 750. Market expectation from
company is high on revenue front as we compare with its
peers like TCS , HCL Tech .
MACRO NEWS
 The Federal Reserve is likely to leave interest rates
unchanged this year given risks to the US economy
from a global slowdown and uncertainty over trade
policies and financial conditions, according to the
minutes from its March 19-20 policy meeting. The US
central bank pivoted abruptly at that meeting to a
much-less aggressive posture, and the minutes
released on Wednesday showed policymakers agreed
to be “patient” about making any moves on rates.“A
majority of participants expected that the evolution of
the economic outlook and risks to the outlook would
likely warrant leaving the target range unchanged for
the remainder of the year,” according to the minutes.
 The mutual fund closed the year with an 11,41 percent
rise in their total assets under management at Rs
23.80 lakh crore in the year to March, from Rs 21.36
lakh crore in the previous year, according to the
industry data released Wednesday. On a monthly
basis, AUM grew 2.73 percent from Rs 23.16 lakh
crore in February.
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.
_____________________________________________________________________________________________________________________
Special Report
11 –APR -2019
MOST ACTIVE CALL OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
BANKNIFTY CE 30,200 20.5 8,60,095 7,44,580
BANKNIFTY CE 30,300 12.5 8,35,705 8,72,660
BANKNIFTY CE 30,500 6 7,24,686 9,68,220
TATAMOTORS CE 220 6.3 12,017 42,70,000
TATAMOTORS CE 210 11.3 8,222 38,46,000
HDFCBANK CE 2,300 20.9 7,181 6,08,500
TATAMOTORS CE 240 1.6 6,636 28,88,000
TCS CE 2,100 40.4 6,439 10,17,750
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 29,800 89 8,42,980 5,87,160
BANKNIFTY PE 30,000 210 7,63,943 3,82,080
BANKNIFTY PE 29,900 141 7,47,792 2,46,620
TATAMOTORS PE 200 2.4 5,249 47,04,000
HDFCBANK PE 2,240 27.7 4,960 4,56,250
TATAMOTORS PE 210 4.8 4,816 24,40,000
RELIANCE PE 1,320 22.8 4,058 8,33,000
HDFCBANK PE 2,260 38.05 3,531 1,67,750
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 32133 2502.42 37841 2714.04 240280 19178.40 -211.6197
INDEX OPTIONS 2541036 169965.85 2535145 169579.99 892864 70118.52 385.8576
STOCK FUTURES 179575 11091.11 182036 11319.09 1383520 89865.34 -227.9867
STOCK OPTIONS 93826 5794.49 93730 5774.43 109361 6870.88 20.0653
-33.6835
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 11720 11652 11612 11544 11503
BANKNIFTY 30296 30050 29909 29662 29521
_____________________________________________________________________________________________________________________
Special Report
11 –APR -2019
COMMODITY ROUNDUP
Gold held steady near a two-week high on Wednesday as
world equities retreated after the International Monetary
Fund (IMF) cut its global growth outlook ahead of the
release of minutes from the U.S. Federal Reserve's March
meeting.Spot gold XAU= was unchanged at $1,304.35 an
ounce at 1009 GMT, having touched its highest since March
28 on Tuesday at $1,306.09. U.S. gold futures GCv1 were
flat at $1,308.50.
"It (gold) seems to be very much stuck at the moment ...
part of the issue is most of the developments haven't really
been much of a surprise to the market," said Capital
Economics analyst Ross Strachan, adding that the growth
downgrade by the IMF was also widely anticipated.Gold was
also supported by central bank purchases and a significant
move lower in U.S. equity markets will boost prices,
Strachan said.The IMF had said on Tuesday that the global
economy is slowing more than expected and a sharp
downturn could require world leaders to coordinate
stimulus measures. banks around the world were increasing
their gold stockpiles, with China raising its reserves for a
fourth straight month in March. is widely viewed as a safe
investment during times of political and economic
uncertainty.
Oil prices rose on Wednesday back towards five-month
highs hit the previous day as OPEC production cuts and U.S.
sanctions on Iran and Venezuela continued to tighten
supply, although economic worries increased.International
benchmark Brent futures LCOc1 were at $70.92 per barrel
at 0900 GMT, up 31 cents, or 0.44 percent, from their last
close.U.S. West Texas Intermediate (WTI) crude CLc1 oil
futures were at $64.33 per barrel, up 35 cents, or 0.55
percent, from their last settlement.
Oil markets have tightened this year because of U.S.
sanctions on oil exporters Iran and Venezuela, as well as
supply cuts by the Organization of the Petroleum Exporting
Countries and some non-affiliated producers including
Russia, a group known as OPEC+.Brent and WTI crude oil
futures have risen by around 30 percent and 40 percent
respectively since the start of the year.The global oil market
is clearly moving back towards balance thanks to OPEC+
production cuts," ING bank said.
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
_____________________________________________________________________________________________________________________
Special Report
11 –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 9050 TGT 9080/9140/9190 SL
BELOW 9000
SELL GUARGUM APR BELOW 8909 TGT 8879/8819/8769 SL
ABOVE 8959
DHANIYA
TRADING STRATEGY:
BUY DHANIYA APRIL ABOVE 7189 TGT 7204/7264/7334 SL
BELOW 7159
SELL DHANIYA APRIL BELOW 6965 TGT 6950/6890/6820
SL ABOVE 6995
In March 2019, the International Coffee Organization (ICO)
composite indicator fell by 3.1 per cent to 97.50 US cents
per pound, the lowest monthly average since October 2006,
when the price was 95.53 US cents per pound.The ICO
reports that price movements for all group indicators have
fallen, contributing to the low composite indicator.Prices
for Brazilian Naturals decreased 4.2 per cent to 95.81 US
cents per pound, which is the lowest price for this group
since July 2006.Colombian Minds declined 2.1 per cent to
125.23 US cents per pound with Other Minds fell 3.6 per
cent to 123.89 US cents per pound.On the production side,
Central America and Mexico is estimated to decline 0.5 per
cent to 21.72 million bags, accounting for the fall in Other
Milds group exports this coffee year.Similarly, output in Asia
and Oceania is estimated to decrease two per cent to 48.18
million bags, due to lower than expected yields.Vietnam’s
exports in February 2019 fell 22.7 per cent to 1.7 million
b a g s c o m p a r e d t o F e b r u a r y 2 0 1 8 .
The ICO reveals that Africa’s production is to remain stable
at 17.74 million bags, which is an increase of 1.4 per cent.
This reflected growth is due to its shipments in the first five
months of coffee year 2018/19, which doubled to 617,241
bags, reflecting the ample supply of coffee on the
international market.World production in coffee year
2018/19 is estimated at 168.05 million bags while
consumption is estimated at 164.99 million bags, creating a
surplus of 3.06 million bags. This follows a surplus of 4.16
million bags in coffee year 2017/18.Prospects of a large off-
year crop from Brazil and increased exports in each month
of 2018/19 compared to the previous year are contributing
to the sustained low prices.
_____________________________________________________________________________________________________________________
Special Report
11 –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 Hong Kong dollar jumped the most since December on
Wednesday, as short-sellers were burned by spiking
borrowing costs.The exchange rate strengthened as much
as 0.14 percent, moving away from the weak end of its
trading band, where it had been stuck for weeks. It pared
the advance to 0.05 percent as of 5:24 p.m. local time. The
Hong Kong Monetary Authority has spent $2.8 billion since
the start of March to defend the peg.The currency’s
forward points have surged, with the one-month tenor
touching the highest level since September, reflecting
tighter liquidity and thus higher costs for traders to build
bearish wagers. The Hong Kong dollar’s interbank interest
rates, known as Hibor, also climbed, with the one-month
cost rising the most this year Wednesday.Some short carry
trade unwinding is reasonable,” said Stephen Chiu, foreign-
exchange and rates strategist at China Construction Bank
Asia Corp. “This movement could be temporary -- the
interbank liquidity situation wasn’t that bad, so the Hong
Kong dollar rates should soften again in the future. And we
do expect the U.S. rates to rebound.”
A gap between borrowing costs in the city and the U.S.
fueled weakness in the Hong Kong dollar in March, as
traders sold the local currency and put the proceeds in the
higher-yielding greenback. That spread has narrowed,
partly thanks to intervention, from almost 1.6 percentage
points in February to 43 basis points -- making shorting the
Hong Kong currency a less lucrative trade. Gains in local
equities this year could also be contributing to the
advance, as investors purchase the city’s currency to chase
the rally, according to Ryan Lam, head of research at
Shanghai Commercial Bank Ltd. The Hang Seng
Index closed at the highest since June on Tuesday, before
slipping 0.1 percent Wednesday.The Norwegian crown
rallied to its highest level against the euro in five months
on Wednesday after stronger-than-expected inflation data
raised expectations of another rate hike from the central
bank in the coming months .Core CPI for March came in at
2.7 percent compared to market expectations of 2.5
percent, supporting the view that near-term inflation is
holding up in an economy that is also benefiting from
higher commodity prices.
_____________________________________________________________________________________________________________________
Special Report
11 –APR -2019
Date
Commodity/
Currency Pairs
Contract Strategy Entry Level Target Stop Loss Remark
10/04/19 NCDEX DHANIYA APR BUY 7316 8985/9045/9095 7286 SL HIT
10/04/19 NCDEX DHANIYA APR Sell 7144 7129/7069/6999 7174 TARGET
10/04/19
NCDEX
GUARGUM5
APR BUY 8955 8985/9045/9095 8970 TARGET
10/04/19
NCDEX
GUARGUM5
APR SELL 8909 8879/8819/8769 8905 NOT EXECUTED
10/04/19 MCX GOLD JUN BUY 32155 32200/32250 32050 SL HIT
10/04/19 MCX GOLD JUN SELL 32000 31950/31900 32100 NOT EXECUTED
10/04/19 MCX SILVER JUL BUY 38500 38550/38600 38400 TARGET
10/04/19 MCX SILVER JUL SELL 38450 38400/38300 38550 TARGET
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
10/04/19 NIFTY FUTURE BUY 11700-11750 11800/11900 10900
10/04/19 HAVELLS FUTURE BUY 767 770/775 764 SL HIT
10/04/19 PVR FUTURE BUY 1698 1706/1720 1690 TARGET
10/04/19 INFY CASH BUY 760-762 770/780 750 OPEN
_____________________________________________________________________________________________________________________
Special Report
11 –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
_____________________________________________________________________________________________________________________
Special Report
11 –APR -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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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: 2019-04-11
09:15+05:30

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Special Report 11 April 2019 Epic Research

  • 1. _____________________________________________________________________________________________________________________ Special Report 11 –APR -2019 Global markets at a glance Technology stocks led Wall Street slightly higher on Wednesday, as US inflation data proved to be benign and the minutes from the Federal Reserve’s March meeting were unsurprising.The Dow Jones Industrial Average rose 6.58 points, or 0.03 percent, to 26,157.16, the S&P 500 gained 10.01 points, or 0.35 percent, to 2,888.21, and the Nasdaq Composite added 54.97 points, or 0.69 percent, to 7,964.24. Asian stocks held near eight-month highs on Thursday and the dollar slipped again on expectations global interest rates will stay lower for longer after a dovish turn by the European Central Bank and milder than expected US inflation.MSCI’s broadest index of Asia-Pacific shares outside Japan paused after four straight days of gains but held near its highest since last August. Japan’s Nikkei eased 0.2 percent as the yen strengthened.Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 17.5 points or 0.15 percent. Nifty futures were trading around 11,669-level on the Singaporean Exchange. PREVIOUS DAY ROUNDOFF Indian equity markets continued to remain volatile, shedding yesterday’s gain as both Nifty and Bank Nifty posted a sharp sell-off in closing hour of the trade.Major heavyweights like Bharti Airtel, HDFC Bank and Asian Paints closed at intraday lows, shedding 2-3% backed by a build- up of heavy short positions. Nifty midcap 50 index o u t p e r f o r m e d t h e b e n c h m a r k i n d e x . Market breadth ended in the favour of the declines with advance/decline ratio closing at 1:1xNifty and Bank Nifty futures added fresh open interest, indicating marginal build -up of short positions. On the options front (April 11, 2019 expiry), across the board unwinding of short positions in put option strikes was seen with Nifty 11600PE shedding 5.13 lakh shares in open positions. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[-17.5pts], Consumption[-16.5ts],PSE[-5.75pts],CPSE[-0.55pts],Energy [-41.35pts],FMCG[-24.30pts],Auto[+21.7pts],Pharma [+74.60pts],IT[-122.45pts],Metal[-28.45pts],Realty [+3.10pts], Fin Serv sector[-141.45pts]. 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 Tata Motors 216.05 10.15 4.93 Cipla 546.45 14.45 2.72 Wipro 281 7.2 2.63 HUL 1,694.15 13.65 0.81 IOC 156.6 1.2 0.77 Top Losers Company CMP Change % Chg Bharti Airtel 340 -11.6 -3.3 Hindalco 211.7 -5.45 -2.51 TCS 2,040.25 -51.25 -2.45 Asian Paints 1,409.85 -35 -2.42 HDFC Bank 2,237.35 -49.9 -2.18 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 11584 -87.7 -0.57 SENSEX 38585 -353 -0.91 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 11 –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 760-762 Target 770/780 maintain Sl below 750. Market expectation from company is high on revenue front as we compare with its peers like TCS , HCL Tech . MACRO NEWS  The Federal Reserve is likely to leave interest rates unchanged this year given risks to the US economy from a global slowdown and uncertainty over trade policies and financial conditions, according to the minutes from its March 19-20 policy meeting. The US central bank pivoted abruptly at that meeting to a much-less aggressive posture, and the minutes released on Wednesday showed policymakers agreed to be “patient” about making any moves on rates.“A majority of participants expected that the evolution of the economic outlook and risks to the outlook would likely warrant leaving the target range unchanged for the remainder of the year,” according to the minutes.  The mutual fund closed the year with an 11,41 percent rise in their total assets under management at Rs 23.80 lakh crore in the year to March, from Rs 21.36 lakh crore in the previous year, according to the industry data released Wednesday. On a monthly basis, AUM grew 2.73 percent from Rs 23.16 lakh crore in February. 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 11 –APR -2019 MOST ACTIVE CALL OPTION Symbol Optio n Type Strike Price LTP Traded Volume (Contracts) Open Interest BANKNIFTY CE 30,200 20.5 8,60,095 7,44,580 BANKNIFTY CE 30,300 12.5 8,35,705 8,72,660 BANKNIFTY CE 30,500 6 7,24,686 9,68,220 TATAMOTORS CE 220 6.3 12,017 42,70,000 TATAMOTORS CE 210 11.3 8,222 38,46,000 HDFCBANK CE 2,300 20.9 7,181 6,08,500 TATAMOTORS CE 240 1.6 6,636 28,88,000 TCS CE 2,100 40.4 6,439 10,17,750 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 29,800 89 8,42,980 5,87,160 BANKNIFTY PE 30,000 210 7,63,943 3,82,080 BANKNIFTY PE 29,900 141 7,47,792 2,46,620 TATAMOTORS PE 200 2.4 5,249 47,04,000 HDFCBANK PE 2,240 27.7 4,960 4,56,250 TATAMOTORS PE 210 4.8 4,816 24,40,000 RELIANCE PE 1,320 22.8 4,058 8,33,000 HDFCBANK PE 2,260 38.05 3,531 1,67,750 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 32133 2502.42 37841 2714.04 240280 19178.40 -211.6197 INDEX OPTIONS 2541036 169965.85 2535145 169579.99 892864 70118.52 385.8576 STOCK FUTURES 179575 11091.11 182036 11319.09 1383520 89865.34 -227.9867 STOCK OPTIONS 93826 5794.49 93730 5774.43 109361 6870.88 20.0653 -33.6835 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 11720 11652 11612 11544 11503 BANKNIFTY 30296 30050 29909 29662 29521
  • 4. _____________________________________________________________________________________________________________________ Special Report 11 –APR -2019 COMMODITY ROUNDUP Gold held steady near a two-week high on Wednesday as world equities retreated after the International Monetary Fund (IMF) cut its global growth outlook ahead of the release of minutes from the U.S. Federal Reserve's March meeting.Spot gold XAU= was unchanged at $1,304.35 an ounce at 1009 GMT, having touched its highest since March 28 on Tuesday at $1,306.09. U.S. gold futures GCv1 were flat at $1,308.50. "It (gold) seems to be very much stuck at the moment ... part of the issue is most of the developments haven't really been much of a surprise to the market," said Capital Economics analyst Ross Strachan, adding that the growth downgrade by the IMF was also widely anticipated.Gold was also supported by central bank purchases and a significant move lower in U.S. equity markets will boost prices, Strachan said.The IMF had said on Tuesday that the global economy is slowing more than expected and a sharp downturn could require world leaders to coordinate stimulus measures. banks around the world were increasing their gold stockpiles, with China raising its reserves for a fourth straight month in March. is widely viewed as a safe investment during times of political and economic uncertainty. Oil prices rose on Wednesday back towards five-month highs hit the previous day as OPEC production cuts and U.S. sanctions on Iran and Venezuela continued to tighten supply, although economic worries increased.International benchmark Brent futures LCOc1 were at $70.92 per barrel at 0900 GMT, up 31 cents, or 0.44 percent, from their last close.U.S. West Texas Intermediate (WTI) crude CLc1 oil futures were at $64.33 per barrel, up 35 cents, or 0.55 percent, from their last settlement. Oil markets have tightened this year because of U.S. sanctions on oil exporters Iran and Venezuela, as well as supply cuts by the Organization of the Petroleum Exporting Countries and some non-affiliated producers including Russia, a group known as OPEC+.Brent and WTI crude oil futures have risen by around 30 percent and 40 percent respectively since the start of the year.The global oil market is clearly moving back towards balance thanks to OPEC+ production cuts," ING bank said. 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 11 –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 9050 TGT 9080/9140/9190 SL BELOW 9000 SELL GUARGUM APR BELOW 8909 TGT 8879/8819/8769 SL ABOVE 8959 DHANIYA TRADING STRATEGY: BUY DHANIYA APRIL ABOVE 7189 TGT 7204/7264/7334 SL BELOW 7159 SELL DHANIYA APRIL BELOW 6965 TGT 6950/6890/6820 SL ABOVE 6995 In March 2019, the International Coffee Organization (ICO) composite indicator fell by 3.1 per cent to 97.50 US cents per pound, the lowest monthly average since October 2006, when the price was 95.53 US cents per pound.The ICO reports that price movements for all group indicators have fallen, contributing to the low composite indicator.Prices for Brazilian Naturals decreased 4.2 per cent to 95.81 US cents per pound, which is the lowest price for this group since July 2006.Colombian Minds declined 2.1 per cent to 125.23 US cents per pound with Other Minds fell 3.6 per cent to 123.89 US cents per pound.On the production side, Central America and Mexico is estimated to decline 0.5 per cent to 21.72 million bags, accounting for the fall in Other Milds group exports this coffee year.Similarly, output in Asia and Oceania is estimated to decrease two per cent to 48.18 million bags, due to lower than expected yields.Vietnam’s exports in February 2019 fell 22.7 per cent to 1.7 million b a g s c o m p a r e d t o F e b r u a r y 2 0 1 8 . The ICO reveals that Africa’s production is to remain stable at 17.74 million bags, which is an increase of 1.4 per cent. This reflected growth is due to its shipments in the first five months of coffee year 2018/19, which doubled to 617,241 bags, reflecting the ample supply of coffee on the international market.World production in coffee year 2018/19 is estimated at 168.05 million bags while consumption is estimated at 164.99 million bags, creating a surplus of 3.06 million bags. This follows a surplus of 4.16 million bags in coffee year 2017/18.Prospects of a large off- year crop from Brazil and increased exports in each month of 2018/19 compared to the previous year are contributing to the sustained low prices.
  • 6. _____________________________________________________________________________________________________________________ Special Report 11 –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 Hong Kong dollar jumped the most since December on Wednesday, as short-sellers were burned by spiking borrowing costs.The exchange rate strengthened as much as 0.14 percent, moving away from the weak end of its trading band, where it had been stuck for weeks. It pared the advance to 0.05 percent as of 5:24 p.m. local time. The Hong Kong Monetary Authority has spent $2.8 billion since the start of March to defend the peg.The currency’s forward points have surged, with the one-month tenor touching the highest level since September, reflecting tighter liquidity and thus higher costs for traders to build bearish wagers. The Hong Kong dollar’s interbank interest rates, known as Hibor, also climbed, with the one-month cost rising the most this year Wednesday.Some short carry trade unwinding is reasonable,” said Stephen Chiu, foreign- exchange and rates strategist at China Construction Bank Asia Corp. “This movement could be temporary -- the interbank liquidity situation wasn’t that bad, so the Hong Kong dollar rates should soften again in the future. And we do expect the U.S. rates to rebound.” A gap between borrowing costs in the city and the U.S. fueled weakness in the Hong Kong dollar in March, as traders sold the local currency and put the proceeds in the higher-yielding greenback. That spread has narrowed, partly thanks to intervention, from almost 1.6 percentage points in February to 43 basis points -- making shorting the Hong Kong currency a less lucrative trade. Gains in local equities this year could also be contributing to the advance, as investors purchase the city’s currency to chase the rally, according to Ryan Lam, head of research at Shanghai Commercial Bank Ltd. The Hang Seng Index closed at the highest since June on Tuesday, before slipping 0.1 percent Wednesday.The Norwegian crown rallied to its highest level against the euro in five months on Wednesday after stronger-than-expected inflation data raised expectations of another rate hike from the central bank in the coming months .Core CPI for March came in at 2.7 percent compared to market expectations of 2.5 percent, supporting the view that near-term inflation is holding up in an economy that is also benefiting from higher commodity prices.
  • 7. _____________________________________________________________________________________________________________________ Special Report 11 –APR -2019 Date Commodity/ Currency Pairs Contract Strategy Entry Level Target Stop Loss Remark 10/04/19 NCDEX DHANIYA APR BUY 7316 8985/9045/9095 7286 SL HIT 10/04/19 NCDEX DHANIYA APR Sell 7144 7129/7069/6999 7174 TARGET 10/04/19 NCDEX GUARGUM5 APR BUY 8955 8985/9045/9095 8970 TARGET 10/04/19 NCDEX GUARGUM5 APR SELL 8909 8879/8819/8769 8905 NOT EXECUTED 10/04/19 MCX GOLD JUN BUY 32155 32200/32250 32050 SL HIT 10/04/19 MCX GOLD JUN SELL 32000 31950/31900 32100 NOT EXECUTED 10/04/19 MCX SILVER JUL BUY 38500 38550/38600 38400 TARGET 10/04/19 MCX SILVER JUL SELL 38450 38400/38300 38550 TARGET Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 10/04/19 NIFTY FUTURE BUY 11700-11750 11800/11900 10900 10/04/19 HAVELLS FUTURE BUY 767 770/775 764 SL HIT 10/04/19 PVR FUTURE BUY 1698 1706/1720 1690 TARGET 10/04/19 INFY CASH BUY 760-762 770/780 750 OPEN
  • 8. _____________________________________________________________________________________________________________________ Special Report 11 –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
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