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EPIC RESEARCH : Special-Report Of 5 April 2019



Global markets at a glance

The benchmark S&P 500 stock index edged higher, nearing a six-month high on Thursday, with losses in technology stocks countered by gains in Boeing Co and Facebook Inc as investors waited for more clarity on the US-China trade talks.The Dow Jones Industrial Average rose 166.5 points, or 0.64 percent, to 26,384.63, the S&P 500 gained 5.99 points, or 0.21 percent, to 2,879.39 and the Nasdaq Composite dropped 3.77 points, or 0.05 percent, to 7,891.78. Asian share markets consolidated weekly gains on Friday as Sino-US talks dragged on with no concrete conclusions, while caution ahead of US payrolls and a holiday in China and Hong Kong dampened volatility.MSCI’s broadest index of Asia-Pacific shares outside Japan was little changed and near its highest since the end of August. Japan’s Nikkei added 0.1 percent, to be 2.6 percent firmer for the week. E -Mini futures for the S&P 500 edged up 0.04 percent.Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 18.5 points or 0.16 percent. Nifty futures were trading around 10,703-level on the Singaporean Exchange. Oil prices fell on Friday, with Brent slipping away from the USD 70 mark after briefly rising above that level in the previous session, as traders fretted about progress in US-China talks to end a trade war.

Previous day Roundup

Indian equity markets closed lower for the second day in a row. RBI announced a repo rate cut by 25bps on the expected lines, bringing the rates back at 6% after a period of 1 year.Nifty & Bank Nifty index closed ~0.4% & 0.8% lower respectively as across the board profit booking was seen in major heavyweights.Tata Motors was the top index loser, gaining ~2% as open interest soared higher, hinting a formation of continued long positions in the April series. Market breadth ended in the favour of the declines with advance/ decline ratio closing at 2:3x.

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 770-773 Target 777-785 maintain sl below 765

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.In last trading sesssion we get trendline breakdown in this stock . Our recommendation is to sell from 460 Target 455/450 sl 475




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 465 target 470/490 Sl 460 .

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.

COMMODITY ROUNDUP

Gold inched higher on Thursday as stock markets retreated from multi-month highs following weak data from Germany, while investors awaited clarity on the progress of U.S.-China trade talks.Platinum XPT= jumped more than 1 percent to its highest since mid-June last year at $887.59 per ounce. Spot gold XAU= had risen 0.1 percent to $1,291.37 per ounce as of 1012 GMT. U.S. gold futures GCv1 were unchanged at $1,295.70 an ounce."The German industrial data is the main market driver this morning," said ActivTrades chief analyst Carlo Alberto De Casa, adding that falling equity markets were supporting gold.European and Asian shares stepped back from eight-month highs, increasing investors' appetite for bullion. MKTS/GLOB .

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News Release: EPIC RESEARCH : Special-Report Of 5 April 2019
Submitted on: April 05, 2019 06:05:44 AM
Submitted by: EpicResearch
On behalf of: www.epic-research.co/
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