EPIC RESEARCH : Special-Report Of 17 January 2018


Posted January 17, 2019 by EPICRESEARCH

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Global markets at a glance

The Dow Jones Industrial Average rose 155.75 points, or 0.65 percent, to 24,065.59, the S&P 500 gained 27.69 points, or 1.07 percent, to 2,610.3 and the Nasdaq Composite added 117.92 points, or 1.71 percent, to 7,023.83.Wall Street’s major indexes hit one-month highs on Wednesday as strong earnings from Bank of America Corp and Goldman Sachs Group Inc boosted investor sentiment.The Dow Jones Industrial Average rose 141.57 points, or 0.59 percent, to 24,207.16, the S&P 500 gained 5.8 points, or 0.22 percent, to 2,616.1 and the Nasdaq Composite added 10.86 points, or 0.15 percent, to 7,034.69.Asian shares crept higher on Thursday as upbeat bank earnings bolstered Wall Street, while an anti-climactic end to the latest chapter in the Brexit saga gave sterling a moment’s peace.MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.1 percent, with Australia and South Korea's KOSPI ahead by 0.2 percent each. Japan's Nikkei climbed 0.3 percent. However, E-Mini futures for the S&P 500 dipped 0.1 percent during early Asian hours.Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 16 points or 0.15 percent. Nifty futures were trading around 10,941-level on the Singaporean Exchange.

Previous day Roundup

Indian benchmark indices witnessed a lackluster trading session on Wednesday after a sharp surge in the previous session.Benchmark indices ended absolutely flat, with Nifty ending the day 3 points higher at 10,890 and Bank Nifty closing on a relatively higher note, up 82 points at 27,483. The gains in the Bank Nifty index were led by PSU banking stocks with the Nifty PSU Bank index closing 0.6% higher.Infosys, meanwhile, continued with its strong performance and extended its gains for the second consecutive session before ending the day 1.4% higher at Rs736. Bank Nifty saw an addition of long positions as open interest soared higher with a marginal rise in the underlying price

RECOMMENDATIONS FUTURE

1. TITAN FUTURE

In Titan on daily chart as well as weekly we have seen the breakout & also asending triangle breakout .In last two trading session strong buying force by trader . Derivative data also suggest that traders are bullish on this .Our recommendation is Buy in range 975 Target 980/985 SL 965

2. SIEMENS FUTURE

Stock siemens near to its resistense level 1075. If resistense level breakout we get then we expect move of 100-150 points in up side . In last week we have seen that stock is traded in a particular range . Derivative data also suggest that traders are bullish on this stock .Our recommendation is to buy the stock in the range of 1076 Target 1082/1087 Sl 1063 .



STOCK RECOMMENDATION CASH

REPCOHOME

Stock has given the breakout of the neckline of the double bottom pattern on the daily chart with the good volumes and closed near to days high. We recommend buying above 430 for the target of 435 with the stop loss of 420

STOCKS IN NEWS

Mindtree Q3: Profit falls to Rs 191.2 crore versus Rs 206.3 crore; revenue rises to Rs 1,787.2 crore versus Rs 1,755.4 crore QoQ. Fortis Healthcare: Company completes the acquisition of the entire portfolio of Indian assets of RHT Health Trust (RHT)


NIFTY FUTURE

Nifty followed global market and started with gap up but today IT and share made pressure in market due to that whole day Nifty traded in sideways and in last one hour it loosed almost fifty per cent gains in intraday. On daily chart it created bearish candle since Nifty forming Open Broadening pattern so we it will be buy in decline around 10850 with stop loss o 10770 for the target of 10920/10970.

COMMODITY ROUNDUP

Gold prices edged up on Wednesday in Asia as political uncertainty in the U.K. boosted demand for the safe-haven metal.Gold futures for February delivery on the Comex division of the New York Mercantile Exchange was up 0.2% at $1,290.35 a troy ounce by 12:40 AM ET (05:40 GMT).The gain in gold prices came after U.K. Prime Minister Theresa May’s Brexit plan was voted down by a hefty margin.The House of Commons voted 432 versus 202 against Prime Minister May’s Brexit Deal on Tuesday. Following the defeat, May now faces a confidence vote in Parliament later today.If nothing is approved by March 29, Britain would make a “no-deal” departure from the bloc, which could pose dire economic risks.Meanwhile, in separate appearances, several Federal Reserve officials agreed on Wednesday in Asia that the central bank should halt further rate hikes until it is clear how much the U.S. economic outlook will be held back by “larger risks”, including a slowing Chinese economy and the continuing U.S. government shutdown.

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Issued By Epic Research
Country India
Categories Free
Tags Epic Research
Last Updated January 17, 2019
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