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EPIC RESEARCH : Special-Report Of 15 March 2019



Global markets at a glance

The S&P 500 slipped on Thursday, snapping a three-day streak of gains, as uncertainty over when a trade deal between the United States and China would be reached left investors on edge.The Dow Jones Industrial Average rose 7.05 points, or 0.03 percent, to 25,709.94, the S&P 500 lost 2.44 points, or 0.09 percent, to 2,808.48, and the Nasdaq Composite dropped 12.50 points, or 0.16 percent, to 7,630.91. Asian stocks made modest gains on Friday, tracking improved global sentiment after UK lawmakers voted to delay Brexit and as a weaker yen supported Japanese shares, but a fresh flare up in US-China trade concerns is expected to cap gains.MSCI broadest index of Asia-Pacific shares outside Japan inched up 0.06 percent. Japan’s Nikkei climbed 0.9 percent and South Korea’s KOSPI rose 0.45 percent.Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 19 points or 0.17 percent. Nifty futures were trading around 10,366-level on the Singaporean Exchange. Oil prices were steady on Friday, supported as production cuts led by OPEC and US sanctions against Venezuela and Iran likely created a slight deficit in global supply in the first quarter of 2019. But oil prices have been capped by concerns that an economic slowdown will soon start denting growth in fuel demand.

Previous day Roundup

Indian equity markets traded in a narrow range throughout the day as a marginal hint of profit booking weighed in. Nifty Realty index was among the top outperformers, closing ~2% higher led by a strong rally in DLF, which gained 5% at close and managed to add fresh long positions.Nifty IT index remained under selling pressure for the 6th day in a row along with rising PCR, indicating a negative bias. IndusInd Bank & Just Dial added long positions with a fresh spike in open interest for the third day in a row. Market breadth ended in favour of declines with the advance/decline ratio closing at 1:2x.

RECOMMENDATIONS FUTURE

1. BEML FUTURE

BEML Future closed at ten month high & also give breakout of important resistense of 950 .Stock is trading above all its 100 & 200 DEMA . In last trading session strong buying in this stock & derivative data suggest that traders view bullish on this stock . Our recommendation is to Buy on decline in between 960-963 Target 980/1000 SL Below 940 .

2. TATAGLOBAL FUTURE

TATAGLOBAL future looking bullish on daily chart it has given breakout of trendline . Stock is traded below 100 & 200 DEMA but for a intra day & as well as positional view we may expect a bull rally in the stock.Our recommendation is to Buy 205-206 Target 208/215 Sl below 200 .After analysis of derivate data long position made by traders .



STOCK RECOMMENDATION CASH

IIFL CASH

IIFL has double bottom chart pattern on daily chart, in this recovery Mindcap and Smallcap Index given strong pull back but this stock is still in pressure. Here we can see the fresh buying is coming with strong volume as compare to red candle and last seven trading session .Buy Above 415- 420 with stop loss of 425 /430 for target of 410 .

STOCKS IN NEWS

IOC, ONGC: Facing revenue shortfall, government pushes companies to pay 2nd interim dividend - PTI Bajaj Consumer Care: Company engaged the services of Bain & Company which will help the company in formulating a front-end strategy for growth and also help in implementing it.

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 11300-11330 Target 11380/11415 Sl 11240

COMMODITY ROUNDUP

Gold prices rose on Wednesday in Asia as traders opted for the safe-haven metal after U.K. Prime Minister Theresa May’s Brexit deal suffered another defeat in the British Parliament.Parliament rejected May’s withdrawal deal for the second time on Tuesday, raising concerns of a “hard- Brexit” scenario before the planned departure date on March 29.May would hold a vote on Wednesday on whether to leave the European Union without a deal and, if lawmakers reject that, they will then vote on whether to seek a limited extension to Article 50, the provision of the EU treaty under which the U.K. is withdrawing from the bloc.Asian stocks were mostly in the red on Wednesday as a risk-off mood gripped investors, but the uncertainty spurred demand for the safe-haven gold.Gold Futures rose 0.5% to $1,304,35 by 1:24 AM ET (05:24 GMT) on the Comex division of the New York Mercantile Exchange.Meanwhile, the U.S. Dollar Index that tracks the greenback against a basket of other currencies edged up 0.1% to 96.968.Gold was also supported by some soft February inflation data from the U.S., underlining the case for the Federal Reserve to maintain its current wait-and-see stance.Speaking last Friday, Fed Chairman Jerome Powell justified the “wait-and-see approach” given that there was “nothing in the outlook demanding an immediate policy response and particularly given muted inflation pressures.”

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News Release: EPIC RESEARCH : Special-Report Of 15 March 2019
Submitted on: March 15, 2019 05:19:37 AM
Submitted by: EpicResearch
On behalf of: www.epic-research.co/
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