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EPIC RESEARCH : Special-Report Of 3 January 2018



Global markets at a glance

Asian shares crept cautiously higher on the first trading day of the new year as early gains in US stock futures spoke of some improvement in risk appetite.MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.14 percent, as E-Mini future for the S&P 500 ESc1 firmed 0.5 percent and Nasdaq futures NQc1 0.7 percent. Japan's Nikkei was closed for a holiday Wall Street has benefited from the merest hint of progress on the Sino-US trade standoff, though details were still notably lacking. Asian shares crept cautiously higher on the first trading day of the new year as early gains in US stock futures spoke of some improvement in risk appetite.MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.14 percent, as E-Mini future for the S&P 500 firmed 0.5 percent and Nasdaq futures 0.7 percent. Japan's Nikkei was closed for a holiday. There was some hope of progress on the US government shutdown after President Donald Trump invited Republican and Democratic congressional leaders to a border security briefing.However, it was not clear who would attend the meeting, which was set for later on Wednesday, or whether a deal would even be discussed.Also looming are a closely-watched survey on US manufacturing due on Thursday, followed by the December payrolls report on Friday.

Previous day Roundup

Benchmark indices closed the first session of the new year 2019 on a positive note on January 1 with gains of around half a percent driven by banking & financials stocks. The 30 -share BSE Sensex rose 186.24 points to 36,254.57 while the 50-share NSE Nifty gained 47.60 points to close at 10,910.10 in the absence of global cues.After opening higher the index immediately slipped into the red and continued to trade in a narrow range, but gained strength in the last hour to climb above 10,900 levels. It formed 'Hammer' kind of pattern on the daily charts.

RECOMMENDATIONS FUTURE

1. SUNPHARMA FUTURE

Sun Pharma share given breakout of ascending triangle pattern on daily chart, since Nifty was negative due to that it closed only 1.31 per cent gains. Here on daily chart 436 is polarity for Sun Pharma and the last closing is above the same so here we can see 470 level in next week but according to pattern support points is 425 so buy it around 435-437.

2. TORNTPOWER FUTURE

This stock respected to 50DMA level on daily chart and after making low of 254.90 it closed at 257.95 with doji candle since the 252-254 is strong support zone and many time this share has been bounce back from this level so we advise to buy it around 256 for the target of 260 264 with stop loss of 252




STOCK RECOMMENDATION CASH

KRBL

Last session Nifty closed around one per cent loss but many of the Food stock given rally in which KOHINOOR was the top gainers due that KRBL also bounce back from support of 280 and after making high of 296.50 it closed at 291.25 while 297 is strong resistance on weekly chart, so above 297.50 we can see intraday rally in next session due to that it can be buy with stop loss of 289 for the target of 307 320.

STOCKS IN NEWS

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NIFTY FUTURE

Last trading session NIFTY Future close on negative note and losing around 1.08%, Due to weak global and domestic cues and nifty give up 10800,Weakness are visible to metal and Auto sectors if we go technically on chart we can clearly see that NIFTY major resistance level around 10980-11000 But not sustain at higher level,and we seen profit booking at higher level and bearish sentiment is strong across sectors.So we can follow sell on rise strategy it will be good for the target of 10750-10600 with the SL of 10900

COMMODITY ROUNDUP

Gold hit its highest level since June 20 on Wednesday, helped by weaker equity prices which increased its appeal as a safe-haven asset. Crude oil rallied on Wednesday, boosted by signs of tighter supplies from Saudi Arabia. After a promising opening to the new year, natural gas prices fell after new forecasts called for mild temperatures for the first half of January. The heightened volatility in the stock market also had an impact on the commodity markets and vice-versa. Gold prices were supported by safe-haven buying early in the session before giving back some of those gains. Crude oil was pressure by weaker-than-expected manufacturing data from China, the Euro Zone and the United States. Support for natural gas continued to erode due to expectations of weaker demand.

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News Release: EPIC RESEARCH : Special-Report Of 3 January 2018
Submitted on: January 03, 2019 05:07:34 AM
Submitted by: EpicResearch
On behalf of: www.epic-research.co/
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