weekly newsletter | 19 may - 25 may, 2019 o · the bse mid-cap index fell 81.40 points or 0.57% to...
Post on 27-Mar-2020
1 Views
Preview:
TRANSCRIPT
Market Outlook
THE WEEK THAT WAS
Stocks gain on broad-based buying demand
Key indices ended the volatile week with modest gains on buying
demand in index pivotals. The Sensex settled below the psychological
38,000 level. The Nifty finished slightly above the 11,400 mark. Indices
logged gains in three of five trading sessions. Small and mid-cap stocks
underperformed the Sensex during the week.
In the week ended Friday, 17 May 2019, the Sensex rose 467.78 points or
1.25% to settle at 37,930.77, its highest closing level since 7 May 2019.
The Nifty 50 index rose 128.25 points or 1.14% to settle at 11,407.15, its
highest closing level since 7 May 2019.
The BSE Mid-Cap index fell 81.40 points or 0.57% to settle at 14,308.36.
The BSE Small-Cap index fell 218.59 points or 1.55% to settle at
13,887.14.
Key indices dropped sharply on first trading day of the week on Monday,
13 May 2019 on negative global stocks. Investors were concerned about
global economic growth after trade negotiations between the US and
China appeared at a deadlock. The barometer index, the S&P BSE Sensex,
lost 372.17 points or 0.99% to 37,090.82. The Nifty 50 index fell 130.70
points or 1.16% to 11,148.20.
Meanwhile, the India Meteorological Department (IMD) said that the
monsoon onset over Kerala is likely to be slightly delayed. The
southwest monsoon onset is likely to set over Kerala on 6 June with a
model error of ± 4 days. The forecast is mostly in line with the one made
by private forecaster Skymet, which said the monsoon would hit the
State on 4 June 2019.
On the economic front, the annual rate of inflation, based on monthly
Wholesale Price Index (WPI), stood at 3.07% (provisional) in April 2019
(over April 2018) as compared to 3.18% (provisional) in the previous
month and 3.62% during the corresponding month of the previous year,
the Ministry of Commerce & Industry said in a release during trading
hours on 14 May 2019.
The all-India general Consumer Price Index (CPI) inflation rose to 2.92%
in April 2019, compared with 2.86% in March 2019. The inflation based
on CPI was 4.58% in April 2018. The Central Statistics Office (CSO)
released the data after market hours on 13 May 2019.
India's industrial production (base year 2011-12=100) declined 0.1% in
March 2019, while snapping growth for last 21 straight months. The
industrial production growth for February 2019 has been retained
unchanged at 0.1% as reported provisionally. The data was announced
after market hours on Friday, 10 May 2019.
India's overall exports (merchandise and services combined) in April
2019 is estimated to be $44.06 billion, exhibiting a positive growth of
1.34% over the April 2018. Overall imports in April 2019 is estimated to
be $52.83 billion, exhibiting a positive growth of 4.53% over April 2018.
Taking merchandise and services together, overall trade deficit for April
2019 is estimated at $8.78 billion as compared to $7.07 billion in April
2018, the Ministry of Commerce & Industry said in a statement on 15
May 2019.
Tech
nic
al
Vie
w
Nifty Outlook (11407)
Bank Nifty Outlook (29450)
USDINR Outlook (70.29)
EURINR Outlook (78.57)
Dollar Index Outlook (97.82)
Markets finally staged a smart come back ahead of the exit polls. Indices witnessed some relief after two weeks of sharp sell-off. During the last week Nifty has made a low of
11125 and given a sharp bounce from this level up to 11427 and closed at 11407. Its 20 DEMA resistance is 11427. Its immediate support is likely to be seen around 11290 and 11170 for next week.
Its resistance is likely to be seen around 11490 to 11570 for next week.
During the last week Bank Nifty has made a low of 28525 and given a sharp bounce from this level up to 29559 and closed above 20 DEMA of 29290. Its immediate
support is likely to be seen around 29100 and 28700 for next week. Its resistance is likely to be seen around 29850 to 30200 for next week.
During the last week USDINR has made a 70.70 and given a correction from this level up to 70.08 and took support above 200 DEMA of 70.05. Its immediate support is likely
to be seen around 69.90 and 69.10 for next week. Its resistance is likely to be seen around 70.70 and 71.50 for next week.
During the last week EURINR has made a high of 79.51 and given a sharp correction from this level up to 78.50 and closed below 20 DEMA of 78.65. Its immediate support is
likely to be seen around 78.30 and 77.30 for next week. Its resistance is likely to be seen around 78.90 and 79.30 for next week.
During the last week DX has made a low of 96.81 and given a sharp bounce from this level up to 97.86 and closed above 20 DEMA of 97.30. Its immediate support is likely
to be seen around 97.10 and 96.30 for next week. Its resistance is likely to be seen around 98.50. Two consecutive closes above this level it can go up to around 101.
Weekly Newsletter | 19 May - 25 May, 2019th th
Market Outlook
Cash Market Data
Market Indicator
Primary Mkt. Updates
Pivot Levels
Next Week Events
Technical Recommendations
Index
Particulars Nifty Sensex
52 Wk High
52 Wk Low
11856.15
10004.55
11407.15
39487.45
33291.58
37930.77Close
nitialublicffering
IPO
Equities Commodities Demat IPOs ResearchMutual
Funds
Currencies Training Algorithmic
TradingMobile
Trading
Wealth
Management
India's merchandise exports in April 2019 were $26.07 billion, as
compared to $25.91 billion in April 2018, exhibiting a positive growth of
0.64%. In Rupee terms, exports were Rs 1,81,021.34 crore in April 2019,
as compared to Rs 1,70,052.96 crore in April 2018, registering a positive
growth of 6.45%. Merchandise imports in April 2019 were $41.40 billion
(Rs 2,87,432.93 crore), which was 4.48% higher in dollar terms and
10.52% higher in Rupee terms over imports of $39.63 billion (Rs
2,60,084.67 crore) in April 2018. The merchandise trade deficit for April
2019 was estimated at $15.33 billion as against the deficit of $13.72
billion in April 2018.
On the global front, China reported surprisingly weaker growth in retail
sales for April. Overall retail sales in April rose 7.2% from a year earlier,
data from the National Bureau of Statistics (NBS) showed.
China announced on Monday, 13 May 2019 that it will raise tariffs on $60
billion worth of US goods, beginning on 1 June 2019. The goods targeted
include a broad range of agricultural products. Last week, US President
Donald Trump raised duties on $200 billion in Chinese goods to 25%
from 10%.
On the US data front, the Commerce Department said housing starts
rose by 5.7% in April to a seasonally adjusted annual rate of 1.235 million.
Further, the Philadelphia Fed manufacturing index in May rose to a four-
month high of 16.6 after registering 8.5 in April. Any reading above zero
indicates improving conditions.
Election results may trigger volatility
Results of Lok Sabha elections, corporate earnings, trend in global
markets, the movement of rupee against the dollar and crude oil price
movement will be monitored. Investors will keep a watch on inflows
from foreign portfolio investors (FPIs) and domestic institutional
investors (DIIs).
Investors will continue to monitor fourth-quarter corporate results.
Shree Cement will announce January-March 2019 quarterly earnings on
18 May 2019. Bharat Petroleum Corporation, Hindustan Petroleum
Corporation and Tata Motors will announce January-March 2019
quarterly earnings on 20 May 2019. Bosch and Tech Mahindra will
declare January-March 2019 quarterly earnings on 21 May 2019. Cipla
and IndusInd Bank will unveil January-March 2019 quarterly earnings
on 22 May 2019. Grasim Industries will declare January-March 2019
quarterly earnings on 24 May 2019.
On the political front, 59 constituencies, spread over seven states and
one Union Territory, will go to polls in the concluding phase on Sunday,
19 May 2019 in seventh and the final phase of the Lok Sabha elections.
Counting of votes for all the seven phases will be taken up on 23 May
2019. Exit poll for the current Lok Sabha elections will be closely
watched on 19 May. Exit polls will offer early clues to the final poll results.
On the global front, developments in trade tensions between the United
States and China will be closely watched. Japan will be post GDP growth
figures for the first quarter on 20 May 2019. The OECD publishes its
economic outlook for member countries and other major economies on
21 May 2019. The May Federal Open Market Committee (FOMC)
minutes will be released on 22 May 2019.
WEEK AHEAD
USDINR 70.29 0.35 %
EURINR 78.57 -0.25 %
Currency Update
CMP Net ChangeCurrency
Week -6221.35 6730.35
Month (May) -10220.55 8872.74
Institutional Activity (Cr.)
FII DII
Year (2019) 45803.15 -5337.78
- - -
- - -
Date Price Band
Primary Market Update
Company
11000
11050
11100
11150
11200
11250
11300
11350
11400
11450
CLOSE
26.00
26.50
27.00
27.50
28.00
28.50
29.00
CLOSE
Nifty
VIX
FII/DII (Cr)
-2500
-2000
-1500
-1000
-500
0
500
1000
1500
2000
2500 FII
CLOSE36600
36800
37000
37200
37400
37600
37800
38000
CLOSE
CASH MARKET DATA
Sensex
Turnover (Rs. Cr.)
Advance/Decline
FII DII
0
200
400
600
800
1000
1200
1400
1600
0
5000
10000
15000
20000
25000
30000
35000
40000
CLOSE
Sensex
Turnover (Rs. Cr.)
Advance/Decline
ADVANCE DECLINE
NSE
3
3.1
3.2
3.3
3.4
3.5
3.6
3.7
3.8
3.9
20
21
22
23
24
25
26
27
28
29
30
2
2.2
2.4
2.6
2.8
3
3.2
3.4
3.6
10
20
30
40
50
60
70
2.9
3
3.1
3.2
3.3
3.4
3.5
3.6
3.7
25
27
29
31
33
35
37
2.4
2.6
2.8
3
3.2
3.4
3.6
3.8
Nifty P/E Ratio Nifty P/BV Ratio
Bank Nifty P/E Ratio Bank Nifty P/BV Ratio
Nifty 500 P/E Ratio Nifty 500 P/BV Ratio
MARKET MOVEMENT
Index* Close Pre. Day Return
% Week Ago
Return
%
Month
Ago Return % Year Ago Return %
17-May-19 16-May-19 10-May-19 12-Apr-19 11-May-18
Broad Market Indices :
NIFTY 50 11407.15 11257.10 1.33% 11278.90 1.14% 11643.45 -2.03% 10806.50 5.56%
NIFTY NEXT 50 26226.50 26004.70 0.85% 26558.95 -1.25% 28271.10 -7.23% 29288.65 -10.46%
NIFTY 100 11485.85 11341.60 1.27% 11391.85 0.83% 11807.85 -2.73% 11131.95 3.18%
NIFTY 200 5888.90 5815.30 1.27% 5851.75 0.63% 6085.00 -3.22% 5826.50 1.07%
NIFTY 500 9329.70 9221.65 1.17% 9290.20 0.43% 9674.60 -3.57% 9416.35 -0.92%
NIFTY MIDCAP 50 4674.00 4602.85 1.55% 4708.40 -0.73% 5062.20 -7.67% 5231.05 -10.65%
NIFTY MIDCAP 50 28.08 28.37 -1.04% 26.34 6.61% 21.00 33.71% 13.98 100.86%
Sectoral Indices :
NIFTY BANK 29450.15 28855.30 2.06% 29040.50 1.41% 29938.55 -1.63% 26413.15 11.50%
NIFTY AUTO 8085.75 7891.90 2.46% 8093.20 -0.09% 8777.45 -7.88% 11373.20 -28.91%
NIFTY FIN SERVICE 12640.80 12325.55 2.56% 12248.00 3.21% 12495.60 1.16% 10988.30 15.04%
NIFTY FMCG 29962.15 29228.70 2.51% 29359.05 2.05% 30533.70 -1.87% 28476.00 5.22%
NIFTY IT 15843.35 15933.95 -0.57% 15949.60 -0.67% 15911.10 -0.43% 13478.60 17.54%
NIFTY MEDIA 2190.25 2115.55 3.53% 2228.00 -1.69% 2442.85 -10.34% 3303.60 -33.70%
NIFTY METAL 2807.25 2810.85 -0.13% 2872.50 -2.27% 3071.60 -8.61% 3712.80 -24.39%
NIFTY PHARMA 8448.95 8577.35 -1.50% 8944.60 -5.54% 9426.45 -10.37% 8445.70 0.04%
NIFTY PSU BANK 2949.20 2912.35 1.27% 3022.50 -2.43% 3302.25 -10.69% 2841.85 3.78%
NIFTY PVT BANK 16438.00 16103.25 2.08% 16322.60 0.71% 17032.20 -3.49% 15156.45 8.46%
NIFTY REALTY 252.55 251.85 0.28% 251.20 0.54% 275.70 -8.40% 309.15 -18.31%
Strategy Indices :
NIFTY DIV OPPS 50 2622.25 2601.75 0.79% 2609.85 0.48% 2703.00 -2.99% 2666.75 -1.67%
NIFTY GROWSECT 15 5929.00 5768.80 2.78% 5828.30 1.73% 6157.85 -3.72% 6634.20 -10.63%
NIFTY50 VALUE 20 5361.75 5354.50 0.14% 5382.30 -0.38% 5566.55 -3.68% 4853.50 10.47%
NIFTY50 TR 2X LEV 6202.55 6042.45 2.65% 6073.45 2.13% 6505.95 -4.66% 5871.95 5.63%
NIFTY50 PR 2X LEV 4867.85 4742.20 2.65% 4766.75 2.12% 5108.40 -4.71% 4731.90 2.87%
NIFTY50 TR 1X INV 356.45 361.25 -1.33% 360.30 -1.07% 347.80 2.49% 363.40 -1.91%
NIFTY50 PR 1X INV 402.35 407.70 -1.31% 406.65 -1.06% 392.45 2.52% 404.80 -0.61%
NIFTY50 DIV POINT 2.68 2.68 0.00% 2.41 11.20% 0.00 - 1.11 141.44%
Thematic Indices :
NIFTY COMMODITIES 3482.95 3479.55 0.10% 3487.50 -0.13% 3602.80 -3.33% 3807.10 -8.51%
NIFTY CONSUMPTION 4700.20 4591.80 2.36% 4654.00 0.99% 4891.15 -3.90% 4989.55 -5.80%
NIFTY CPSE 2179.95 2169.65 0.47% 2184.05 -0.19% 2250.20 -3.12% 2432.35 -10.38%
NIFTY ENERGY 15538.65 15530.95 0.05% 15493.85 0.29% 16169.75 -3.90% 14048.35 10.61%
NIFTY INFRA 3032.15 3010.40 0.72% 3052.75 -0.67% 3194.25 -5.07% 3395.40 -10.70%
NIFTY100 LIQ 15 3827.95 3784.55 1.15% 3805.70 0.58% 4127.20 -7.25% 4210.20 -9.08%
NIFTY MID LIQ 15 3985.20 3921.85 1.62% 3990.00 -0.12% 4282.85 -6.95% 4321.15 -7.77%
NIFTY MNC 12682.80 12500.60 1.46% 12523.05 1.28% 13471.80 -5.86% 14349.55 -11.62%
NIFTY PSE 3390.70 3379.45 0.33% 3408.05 -0.51% 3540.35 -4.23% 3844.00 -11.79%
NIFTY SERV SECTOR 15982.25 15740.65 1.53% 15752.40 1.46% 16171.90 -1.17% 14474.80 10.41%
WEEKLY CHANGE IN WORLD INDICES
Indices 17.05.2019 10.05.2019 Chg (Pts) % Chg
DOW JONES 25764.00 25942.37 -178.37 -0.69%
NASDAQ COMPOSITE 7816.28 7916.94 -100.66 -1.27%
FTSE 7348.62 7203.29 145.33 2.02%
NIKKEI 21250.09 21344.92 -94.83 -0.44%
BOVESPA 89992.73 94257.56 -4264.83 -4.52%
HANG SENG 27946.46 28550.24 -603.78 -2.11%
52 WEEKS HIGH/LOW ALL TIME HIGH/LOW
Scrip Rate H/L Prev H/L on Scrip Rate H/L Prev H/L on
AMARAJABAT 623.9 L 15-May-19 GODREJAGRO 461.55 L 15-Feb-19
GODREJAGRO 461.55 L 15-Feb-19 IEX 141.1 L 3-Jul-18
APOLLOTYRE 175.15 L 16-May-19 NIACL 162.15 L 15-May-19
NIACL 162.15 L 15-May-19 HDFCBANK 2369.3 H 5-Mar-19
BHARATFORG 447.5 L 16-May-19 ASTERDM 126.65 L 15-May-19
DABUR 361 L 16-May-19 HONAUT 23900 H 15-Apr-19
ESCORTS 549.05 L 10-Aug-18 VARROC 481 L 16-May-19
SCHAEFFLER 4682.05 L 23-Oct-18 INOXWIND 55.9 L 16-May-19
FINPIPE 442.05 L 20-Feb-19 NH 184.3 L 30-Jan-19
HDFCBANK 2369.3 H 5-Mar-19 PVR 1800 H 6-May-19
INCREASE IN OPEN INTEREST
Symbol Expiry Date Last Price Chg (Rs) Chg (%) Open Interest Change in OI Change in OI (%)
IOC 30-May-19 149.15 -2.35 -1.55% 41975500 2460500 6.23%
GMRINFRA 30-May-19 15.3 -0.15 -0.97% 187110000 2025000 1.09%
NCC 30-May-19 94.45 -0.10 -0.11% 29560000 1440000 5.12%
NMDC 30-May-19 90.9 0.05 0.06% 19590000 828000 4.41%
AUROPHARMA 30-May-19 669.15 -57.20 -7.87% 17307000 799000 4.84%
DECREASE IN OPEN INTEREST
Symbol Expiry Date Last Price Chg (Rs) Chg (%) Open Interest Change in OI Change in OI (%)
YESBANK 30-May-19 134.4 -3.30 -2.40% 103715500 -6804000 -6.16%
SBIN 30-May-19 320.4 3.80 1.20% 55323000 -4350000 -7.29%
FEDERALBNK 30-May-19 98.65 0.60 0.61% 38766000 -3227000 -7.68%
ZEEL 30-May-19 375.5 28.10 8.09% 18743400 -3055000 -14.01%
ICICIBANK 30-May-19 391.9 8.00 2.08% 85097375 -2593250 -2.96%
INCREASE IN OI IN CALLS
Symbol Expiry Date Option Type Strike Price Last Price Turnover Premium (Lacs Open Interest Open Int Chg
IDEA 30-May-19 CE 13 0.5 125.06 8582976 2463632
YESBANK 30-May-19 CE 150 7.8 1268.18 4541250 1352750
SBIN 30-May-19 CE 320 12.9 1219.14 3969000 513000
FEDERALBNK 30-May-19 CE 100 3.5 165.59 2905000 -273000
RPOWER 30-May-19 CE 6 1 47.49 7744000 2336000
INCREASE IN OI IN PUTS
Symbol Expiry Date Option Type Strike Price Last Price Turnover Premium (Lacs Open Interest Open Int Chg
YESBANK 30-May-19 PE 130 11 1085.93 2647750 332500
IDEA 30-May-19 PE 12 0.9 58.8 5066340 953664
SBIN 30-May-19 PE 300 5.6 363.28 2706000 -15000
ICICIBANK 30-May-19 PE 380 9.3 506.49 1761375 -622875
TATAMOTORS 30-May-19 PE 170 6.85 353.64 1464000 112000
LEVELS FOR NIFTY STOCKS
Security Name HBP 2R 1R CLOSE ATP 1S 2S LBP Up/Down
ADANIPORTS 383.40 378.10 372.60 367.10 367.30 361.80 356.50 351.00 DOWN
AMBUJACEM 228.40 224.20 221.60 219.00 217.40 214.80 210.60 208.00 UP
ASIANPAINT 1363.25 1347.00 1333.50 1320.00 1317.25 1303.75 1287.50 1274.00 UP
AUROPHARMA 778.30 753.35 711.90 670.45 686.95 645.50 620.55 579.10 DOWN
AXISBANK 783.28 767.72 758.33 748.95 742.77 733.38 717.82 708.43 UP
BAJAJ-AUTO 3363.08 3256.52 3148.28 3040.05 3041.72 2933.48 2826.92 2718.68 DOWN
BAJFINANCE 3564.67 3440.33 3370.72 3301.10 3246.38 3176.77 3052.43 2982.82 UP
BPCL 393.48 386.17 381.18 376.20 373.87 368.88 361.57 356.58 UP
BHARTIARTL 340.60 335.65 332.05 328.45 327.10 323.50 318.55 314.95 UP
INFRATEL 276.63 273.77 271.23 268.70 268.37 265.83 262.97 260.43 UP
BOSCHLTD 17843.67 17616.78 17423.77 17230.75 17196.88 17003.87 16776.98 16583.96 UP
CIPLA 561.35 556.65 550.40 544.15 545.70 539.45 534.75 528.50 DOWN
COALINDIA 244.30 241.15 238.65 236.15 235.50 233.00 229.85 227.35 UP
DRREDDY 2956.73 2883.37 2814.18 2745.00 2740.82 2671.63 2598.27 2529.08 UP
EICHERMOT 22219.07 21609.53 21273.27 20937.00 20663.73 20327.46 19717.93 19381.66 UP
GAIL 338.60 336.35 334.70 333.05 332.45 330.80 328.55 326.90 UP
HCLTECH 1090.47 1083.73 1073.22 1062.70 1066.48 1055.97 1049.23 1038.72 DOWN
HDFC 2074.28 2036.12 2014.88 1993.65 1976.72 1955.48 1917.32 1896.08 UP
HDFCBANK 2441.43 2405.37 2383.73 2362.10 2347.67 2326.03 2289.97 2268.33 UP
HEROMOTOCO 2780.97 2708.98 2665.77 2622.55 2593.78 2550.57 2478.58 2435.37 UP
HINDPETRO 286.22 282.83 278.77 274.70 275.38 271.32 267.93 263.87 DOWN
HINDALCO 199.47 196.13 193.92 191.70 190.58 188.37 185.03 182.82 UP
HINDUNILVR 1814.60 1778.40 1757.60 1736.80 1721.40 1700.60 1664.40 1643.60 UP
ICICIBANK 405.47 398.73 394.22 389.70 387.48 382.97 376.23 371.72 UP
IBULHSGFIN 746.13 737.07 730.13 723.20 721.07 714.13 705.07 698.13 UP
IOC 158.35 155.50 152.55 149.60 149.70 146.75 143.90 140.95 DOWN
INDUSINDBK 1415.70 1403.85 1388.70 1373.55 1376.85 1361.70 1349.85 1334.70 DOWN
INFY 748.80 742.30 733.10 723.90 726.60 717.40 710.90 701.70 DOWN
ITC 311.38 306.87 304.13 301.40 299.62 296.88 292.37 289.63 UP
JSWSTEEL 285.03 281.37 278.88 276.40 275.22 272.73 269.07 266.58 UP
KOTAKBANK 1535.80 1502.80 1481.40 1460.00 1448.40 1427.00 1394.00 1372.60 UP
LT 1417.03 1394.27 1378.08 1361.90 1355.32 1339.13 1316.37 1300.18 UP
M&M 641.27 631.88 625.77 619.65 616.38 610.27 600.88 594.77 UP
MARUTI 7141.23 6965.62 6836.23 6706.85 6660.62 6531.23 6355.62 6226.23 UP
NTPC 129.33 127.97 126.73 125.50 125.37 124.13 122.77 121.53 UP
ONGC 175.43 171.72 169.53 167.35 165.82 163.63 159.92 157.73 UP
POWERGRID 186.97 185.28 183.72 182.15 182.03 180.47 178.78 177.22 UP
RELIANCE 1303.85 1290.40 1278.90 1267.40 1265.45 1253.95 1240.50 1229.00 UP
SBIN 331.48 326.72 322.98 319.25 318.22 314.48 309.72 305.98 UP
SUNPHARMA 430.47 423.23 416.17 409.10 408.93 401.87 394.63 387.57 UP
TATAMOTORS 187.13 182.42 179.63 176.85 174.92 172.13 167.42 164.63 UP
TATASTEEL 484.13 477.82 473.63 469.45 467.32 463.13 456.82 452.63 UP
TCS 2168.63 2151.82 2123.63 2095.45 2106.82 2078.63 2061.82 2033.63 DOWN
TECHM 809.50 801.25 793.05 784.85 784.80 776.60 768.35 760.15 UP
ULTRACEMCO 4596.70 4552.80 4522.80 4492.80 4478.90 4448.90 4405.00 4375.00 UP
UPL 1024.22 1008.58 989.62 970.65 973.98 955.02 939.38 920.42 DOWN
VEDL 168.67 166.48 163.72 160.95 161.53 158.77 156.58 153.82 DOWN
WIPRO 293.70 291.80 289.10 286.40 287.20 284.50 282.60 279.90 DOWN
YESBANK 156.17 151.08 142.62 134.15 137.53 129.07 123.98 115.52 DOWN
ZEEL 416.03 396.92 384.53 372.15 365.42 353.03 333.92 321.53 UP
PRIMARY MARKET UPDATES
COPRPORATE ACTION
Symbol Series Face
Value(Rs.) Purpose Ex-Date Record Date
BC Start
Date
BC End
Date
TATACOFFEE EQ 1 Annual General Meeting/ Dividend - Rs 1.50 Per
Share 20-May-19 - 22-May-19 3-Jun-19
SUNDRMFAST EQ 1 Interim Dividend - Rs 3.10 Per Share 20-May-19 21-May-19 - -
GDL EQ 10 Interim Dividend 21-May-19 22-May-19 - -
ADVANIHOTR EQ 2 Interim Dividend - Rs 1.40 Per Share 21-May-19 22-May-19 - -
794GS2021 GS 100 Interest Payment 22-May-19 23-May-19 - -
RSYSTEMS EQ 1 Annual General Meeting 22-May-19 - 24-May-19 28-May-
19
MADHAV EQ 10 Extra Ordinary General Meeting 22-May-19 - 24-May-19 31-May-
19
815GS2026 GS 100 Interest Payment 22-May-19 23-May-19 - -
GHCL EQ 10 Annual General Meeting/ Dividend - Rs 5 Per Share 22-May-19 23-May-19 - -
ITC EQ 1 Dividend - Rs 5.75 Per Share 22-May-19 - 24-May-19 27-May-
19
APCOTEXIND EQ 5 Annual General Meeting/Dividend Rs 7.50 Per Sh 23-May-19 - 25-May-19 3-Jun-19
MERCK EQ 10 Annual General Meeting / Dividend Rs 440 Per
Share 23-May-19 - 25-May-19
31-May-
19
883GS2023 GS 100 Interest Payment 23-May-19 24-May-19 - -
DCBBANK EQ 10 Annual General Meeting/ Dividend - Re 1 Per Share 23-May-19 - 25-May-19 1-Jun-19
RAYMOND EQ 10 Annual General Meeting/ Dividend - Rs 3 Per Share 23-May-19 - 25-May-19 5-Jun-19
772GS2025 GS 100 Interest Payment 23-May-19 24-May-19 - -
TATAGLOBAL EQ 1 Annual General Meeting/ Dividend - Rs 2.50 Per
Share 24-May-19 - 28-May-19 4-Jun-19
662GS2051 GS 100 Interest Payment 24-May-19 27-May-19 - -
Company Issue Size (Cr)
Open
Close Offer Price (Rs)
- - - - -
NEXT WEEK MAJOR ECONOMIC EVENTS
Time Cur. Imp. Event Forecast Previous
Monday, May 20, 2019
All Day Holiday Canada - Victoria Day
All Day Holiday Singapore - Vesak Day
5:20:00 AM JPY GDP (QoQ) (Q1) 0.004 0.005
Tuesday, May 21, 2019
4:30:00 AM USD Fed Chair Powell Speaks
7:00:00 AM AUD RBA Meeting Minutes
Tentative GBP Inflation Report Hearings
7:30:00 PM USD Existing Home Sales (Apr) 5.36M 5.21M
Wednesday, May 22, 2019
12:30:00 PM EUR ECB President Draghi Speaks
2:00:00 PM GBP CPI (YoY) (Apr) 0.022 0.019
5:00:00 PM INR M3 Money Supply 10.00%
6:00:00 PM CAD Core Retail Sales (MoM) (Mar) 0.002 0.006
8:00:00 PM USD Crude Oil Inventories -0.800M 5.431M
11:30:00 PM USD FOMC Meeting Minutes
Thursday, May 23, 2019
11:30:00 AM EUR German GDP (QoQ) (Q1) 0.40% 0.40%
1:00:00 PM EUR German Manufacturing PMI (May) 44.8 44.4
1:30:00 PM EUR German Ifo Business Climate Index 9950.00% 9920.00%
2:00:00 PM GBP Retail Sales (MoM) (Apr) 0.011
5:00:00 PM EUR ECB Publishes Account of Monetary Policy Meeting
7:30:00 PM USD New Home Sales (Apr) 670K 692K
Friday, May 24, 2019
2:00:00 PM GBP Retail Sales (MoM) (Apr) -0.40% 1.10%
5:00:00 PM INR Bank Loan Growth 0.13
5:00:00 PM INR Deposit Growth 9.70%
5:00:00 PM INR FX Reserves, USD
6:00:00 PM USD Core Durable Goods Orders (MoM) (Apr) 0.20%
RESULT CALENDAR
Symbol Result Date Symbol Result Date Symbol Result Date Symbol Result Date
RAJOOENG 19-May RTNINFRA 20-May GALAGEX 21-May ALPHAGEO 22-May
AIMCOPEST 20-May RTNPOWER 20-May GARVIND 21-May AML 22-May
ALCHEM 20-May SAMBHAAV 20-May GINNIFILA 21-May ANUHPHR 22-May
AREALTY 20-May SGIL 20-May GTNTEX 21-May APEX 22-May
ASTRAL 20-May SHETR 20-May HINDHARD 21-May ARROWTEX 22-May
ASTRON 20-May SHREEPUSHK 20-May IFCI 21-May ASAHIINDIA 22-May
ATLANTA 20-May SHVSUIT 20-May INDIAGLYCO 21-May ASHFL 22-May
BHARATFORG 20-May SIMPLEX 20-May INTELLCAP 21-May ASHOKA 22-May
BPCL 20-May SKPMIL 20-May JAMNAAUTO 21-May ASTAR 22-May
CAREERP 20-May SOUTLAT 20-May JBCHEPHARM 21-May BAJAJELEC 22-May
CELEBRITY 20-May SREINFRA 20-May JINDALSTEL 21-May BAJAJHIND 22-May
COMFINTE 20-May SUYOG 20-May JMGCORP 21-May BALAJITELE 22-May
CONFIPET 20-May TAINWALCHM 20-May KEI 21-May BANKBARODA 22-May
DALMIASUG 20-May TALBROSENG 20-May KIOCL 21-May CAMEXLTD 22-May
DANLAW 20-May TATAMOTORS 20-May KISAN 21-May CANBK 22-May
DHAMPURSUG 20-May TATAMTRDVR 20-May MAITRI 21-May CEBBCO 22-May
FRASER 20-May TORNTPHARM 20-May MANGIND 21-May CENTRALBK 22-May
GALXBRG 20-May TRITURBINE 20-May MORGANITE 21-May CIPLA 22-May
GLAXO 20-May TVTODAY 20-May MUKTAARTS 21-May CUMMINSIND 22-May
GUJSTATFIN 20-May UBL 20-May PATSPINLTD 21-May DELTAMAGNT 22-May
HEG 20-May VIPCLOTHNG 20-May PRAKASH 21-May ELCIDIN 22-May
HIGHSTREE 20-May VIVIDIND 20-May RANEENGINE 21-May FCONSUMER 22-May
HINDPETRO 20-May YARNSYN 20-May RLF 21-May FILTRA 22-May
HPL 20-May AARTIIND 21-May RSWM 21-May GEECEE 22-May
INDOSTAR 20-May AHLWEST 21-May SAHYADRI 21-May GENESYS 22-May
INDTERRAIN 20-May ALKYLAMINE 21-May SINCLAIR 21-May GET&D 22-May
INDTONER 20-May APTECHT 21-May SMLT 21-May GHUSHINE 22-May
INSILCO 20-May ARIHCAPM 21-May SOMANYCERA 21-May GISOLUTION 22-May
JSL 20-May BANCOINDIA 21-May SPICEMOBI 21-May GLOBALCA 22-May
KASHYAP 20-May BHARATFIN 21-May SUBROS 21-May GSFC 22-May
KERNEX 20-May BODALCHEM 21-May SUMERUIND 21-May HERITGFOOD 22-May
KIRANVYPAR 20-May BOSCHLTD 21-May SUNFLAG 21-May HEXATRADEX 22-May
KITEX 20-May BPL 21-May SURYAROSNI 21-May ICIL 22-May
KREBSBIO 20-May BRADYM 21-May TECHM 21-May IGPL 22-May
KUSUMEL 20-May BRIGHTBR 21-May TEXMOPIPES 21-May INDNIPPON 22-May
LANCER 20-May CARERATING 21-May TILAK 21-May INDOTECH 22-May
LASA 20-May CENTENKA 21-May TIMKEN 21-May INDUSINDBK 22-May
LAXMIMACH 20-May CHANDNIMACH 21-May TIPSINDLTD 21-May ITDCEM 22-May
MALUPAPER 20-May CITL 21-May TNPETRO 21-May JAYNECOIND 22-May
MANALIPETC 20-May COASTCORP 21-May TPROJECT 21-May JINDALSAW 22-May
MONTECARLO 20-May COCHINSHIP 21-May TRIVENI 21-May JKLAKSHMI 22-May
MUKANDENGG 20-May CROMPTON 21-May TTLEL 21-May KIMIABL 22-May
MUKANDLTD 20-May DECNGOLD 21-May UFO 21-May KJMCCORP 22-May
NDTV 20-May DHANUKA 21-May VAIBHAVGBL 21-May KJMCFIN 22-May
NETTLINX 20-May DIAMONDYD 21-May VIDHIING 21-May LAKSHMIMIL 22-May
NILA 20-May DLF 21-May WABAG 21-May MAKERSL 22-May
PHILIPCARB 20-May ERIS 21-May 21STCENMGM 22-May MANINFRA 22-May
POPULARES 20-May EUROASIA 21-May ACRYSIL 22-May MANJEERA 22-May
RAJSREESUG 20-May EVERESTO 21-May ADFFOODS 22-May MOIL 22-May
ROCKONENT 20-May FMNL 21-May ALLCARGO 22-May MRO-TEK 22-May
RESULT CALENDAR
Symbol Result Date Symbol Result Date Symbol Result Date Symbol Result Date
MUNJALAU 22-May A2ZINFRA 23-May RELIGARE 23-May CAMLINFINE 24-May
NAYSAA 22-May AARVEEDEN 23-May RGRL 23-May CGVAK 24-May
NIPPOBATRY 22-May ABANSENT 23-May RISHDIGA 23-May CIL 24-May
NIYOGIN 22-May ABHICAP 23-May RML 23-May COFFEEDAY 24-May
ORIENTBELL 22-May AMARDEE 23-May RUDRA 23-May CYBERMEDIA 24-May
POWERMECH 22-May AMRUTANJAN 23-May SANGHVIMOV 23-May DISHTV 24-May
PRESSMN 22-May AUROLAB 23-May SARLAPOLY 23-May DIXON 24-May
PRIMAPLA 22-May BANASFN 23-May SELLWIN 23-May DOLPHINOFF 24-May
PRIMEURB 22-May BHAGYAPROP 23-May SELMCL 23-May EMMBI 24-May
QUESS 22-May BHAGYNAGAR 23-May SEVENHILL 23-May EMPIND 24-May
QUINTEGRA 22-May BLSINFOTE 23-May SHABCHM 23-May EXCELINDUS 24-May
RAMCOCEM 22-May CANTABIL 23-May SHBCLQ 23-May FDC 24-May
RAMCOSYS 22-May COMPUPN 23-May SHREESEC 23-May FERROALL 24-May
RBL 22-May CORAGRO 23-May SIELFNS 23-May GCKL 24-May
REDINGTON 22-May CREATIVE 23-May SPAL 23-May GICHSGFIN 24-May
RUCHINFRA 22-May DWARKESH 23-May STERTOOLS 23-May GILADAFINS 24-May
SAGCEM 22-May ECLERX 23-May STHINPA 23-May GOLKONDA 24-May
SASTASUNDR 22-May EROSMEDIA 23-May SUNDARAM 23-May GOODRICKE 24-May
SAWABUSI 22-May ESKAY 23-May SUNSHINE 23-May GRASIM 24-May
SCHNEIDER 22-May EUROASIA 23-May SUNTECHNO 23-May GROMOTRADE 24-May
SGFL 22-May FRONTBUSS 23-May SUNTV 23-May GSCLCEMENT 24-May
SHEETAL 22-May FRONTCAP 23-May SURANASOL 23-May GVKPIL 24-May
SHK 22-May GARWAMAR 23-May SURANAT&P 23-May HARDCAS 24-May
SICAGEN 22-May GICRE 23-May SWITCHTE 23-May HARME 24-May
SINGER 22-May GKCONS 23-May TECHNVISN 23-May HEIDELBERG 24-May
SINTEX 22-May GOKAKTEX 23-May THIRDFIN 23-May HERCULES 24-May
SKIPPER 22-May GOLDIAM 23-May TRANOCE 23-May HUDCO 24-May
SMARTFIN 22-May GOLDLEG 23-May TVSSRICHAK 23-May IDFC 24-May
SYMPHONY 22-May GOLDTECH 23-May UNIAUTO 23-May IGL 24-May
TANFACIND 22-May HAZOOR 23-May XCHANGING 23-May INDIANCARD 24-May
TCIEXP 22-May HCG 23-May ADARSH 24-May INDSILHYD 24-May
TCIFINANCE 22-May IGL 23-May ADVENZYMES 24-May INRADIA 24-May
TDPOWERSYS 22-May IITL 23-May AJIL 24-May INTECCAP 24-May
TERRAFORM 22-May INTECH 23-May ALORA 24-May INVENTURE 24-May
THANGAMAYL 22-May IPOWER 23-May AMBER 24-May JAICORPLTD 24-May
THERMAX 22-May JACKSON 23-May AMFORG 24-May JSLHISAR 24-May
TIL 22-May KILPEST 23-May AMJLAND 24-May JSWSTEEL 24-May
UGARSUGAR 22-May KLIFESTYL 23-May ASHOKLEY 24-May KANORICHEM 24-May
UTTAMSUGAR 22-May KSLIND 23-May ASTRAZEN 24-May LIBERTSHOE 24-May
VETO 22-May LXMIATO 23-May ATLASCYCLE 24-May MAWANASUG 24-May
VIRAT 22-May MANDHANA 23-May AUSOMENT 24-May MEGH 24-May
VISTARAMAR 22-May MEP 23-May BATAINDIA 24-May METALCO 24-May
WINTAC 22-May MERCANTILE 23-May BATLIBOI 24-May MIDINDIA 24-May
WOMENNET 22-May MFSINTRCRP 23-May BEARDSELL 24-May MIDVAL 24-May
WPIL 22-May MUKATPIP 23-May BHARAT 24-May MORYOIND 24-May
ZHINUDYP 22-May NAYSAA 23-May BINDALAGRO 24-May NAGARFERT 24-May
ZIMLAB 22-May NOVARTIND 23-May BLACKROSE 24-May NAGAROIL 24-May
ZSANMCOM 22-May OILCOUNTUB 23-May BRIPORT 24-May NALINLEA 24-May
ZWELCAST 22-May RAMCOIND 23-May BSOFT 24-May NCC 24-May
3PLAND 23-May RATNABHUMI 23-May BUTTERFLY 24-May NESCO 24-May
RESULT CALENDAR
Symbol Result Date Symbol Result Date Symbol Result Date Symbol Result Date
NGLFINE 24-May TRCFIN 24-May INDIACEM 25-May MBPARIKH 25-May
NIDHGRN 24-May TRIVENIGQ 24-May INDOAMIN 25-May NDL 25-May
NOIDATOLL 24-May TUNITEX 24-May INDRENEW 25-May NIITLTD 25-May
OCTAVE 24-May UNICHEMLAB 24-May IRIS 25-May NILASPACES 25-May
OIVL 24-May UNIDT 24-May ISHANCH 25-May NITINSPIN 25-May
ONMOBILE 24-May VALLABH 24-May JYOTI 25-May NOL 25-May
OSWALAGRO 24-May VARDMNPOLY 24-May KANSAFB 25-May OLPCL 25-May
PAGEIND 24-May VARROC 24-May KGDENIM 25-May ORICON 25-May
PANAMAPET 24-May VIKASWSP 24-May KHANDSE 25-May PANCHMAHQ 25-May
PCS 24-May ZENIFIB 24-May KMGMILK 25-May PARKERAC 25-May
PDMJEPAPER 24-May ZODJRDMKJ 24-May KOVAI 25-May PASUPTAC 25-May
PNCINFRA 24-May ZPRBHSTE 24-May KPEL 25-May PENNARALUM 25-May
PODARPIGQ 24-May ZUARIGLOB 24-May KRISHNA 25-May PRAKASHSTL 25-May
PONNIERODE 24-May ADITYASP 25-May MAL 25-May PRITHVIEXCH 25-May
PSB 24-May AKSHOPTFBR 25-May MALLCOM 25-May RAMAPHO 25-May
QUADRANT 24-May ANDHRAPET 25-May RAPICUT 25-May SSLEL 25-May
QUANTBUILD 24-May ATULAUTO 25-May RJKMRFR 25-May STERWEB 25-May
RACLGEAR 24-May AUTOIND 25-May RKFORGE 25-May SUKHJITS 25-May
RADHEDE 24-May AVANTI 25-May RUNGTAIR 25-May SUNDRMBRAK 25-May
RADHEY 24-May BALRAMCHIN 25-May SALORAINTL 25-May TULASEEBIOE 25-May
RAJOIL 24-May BAPACK 25-May SARDAEN 25-May TURBO 25-May
RAMAVISION 24-May BEML 25-May SAURASHCEM 25-May UNRYLMA 25-May
RCIIND 24-May BENGALT 25-May SESHAPAPER 25-May VITESSE 25-May
RDBRIL 24-May BHARATWIRE 25-May SHILCTECH 25-May WABCOINDIA 25-May
RECLTD 24-May CALCOM 25-May SHRICON 25-May WEPSOLN 25-May
RESPONIND 24-May CHANDRIMA 25-May SHRIDINE 25-May XPROINDIA 25-May
RJSHAH 24-May CHMBBRW 25-May SJCORP 25-May YASHO 25-May
ROLTA 24-May CHOKSI 25-May SKCIL 25-May ZPARICIN 25-May
ROSSELLIND 24-May CILSEC 25-May SOMAPPR 25-May
ROTO 24-May CUPIDTR 25-May SRDL 25-May
RUBRAME 24-May CYBERSC 25-May
RUCHINDLTD 24-May DAMOINDUS 25-May
SALZER 24-May DENISCHEM 25-May
SAPPL 24-May DIVISLAB 25-May
SEPOWER 24-May DLINKINDIA 25-May
SHARONBIO 24-May DYNPRO 25-May
SIDDHA 24-May EUROLED 25-May
SPECIAPP 24-May EUROTEXIND 25-May
SREEJAYA 24-May EVERLON 25-May
SRINACHA 24-May FAIRDSY 25-May
STEL 24-May FINELINE 25-May
SUDARSCHEM 24-May FINOLEXIND 25-May
SUNRINV 24-May GAEL 25-May
SUPERSHAKT 24-May GEETANJ 25-May
SVGLOBAL 24-May GEL 25-May
SWARAJAUTO 24-May GUJTLRM 25-May
TCI 24-May HIGHENE 25-May
TCIDEVELOP 24-May HINDSECR 25-May
TPLPLAST 24-May INDCEMCAP 25-May
TRABI 24-May INDERGR 25-May
MCX OPTION STRATEGY
CURUDE OIL : Sell Jun. put option strike of 4100 @ CMP 56.
Maximum Profit : Put Premium
Maximum loss : Unlimited
Stop Loss : Exit in put option If copper closes below 4250.
COPPER : Sell Jun. Put option strike of 410 @ CMP 4.30.
Maximum Profit : Put Premium
Maximum loss : Unlimited
Stop Loss : Exit in Put option If copper closes Below 420.
TECHNICAL PICKS – COMMODITY
NCDEX GUAR GUM JUN (SELL):
It has made a lower top formation and closed
below 200 DEMA of 8890. Traders can sell on rise
with SL 8950.
CMP : 8834
Target : 8630
Stop Loss : 8950
TECHNICAL PICKS – EQUITIES
HDFC LTD (BUY):
The has taken trend line support of 1910 and also
taken support at 200 DEMA of 1915 and given a
bounce from this level up to 1998 and also closed
above 20 DEMA of 1967. It has also made a higher
bottom formation. It is likely to go up to 2070.
CMP : 1993
TARGET : 2070
STOP LOSS : 1960
AJANTA PHARMA (SELL):
The stock has made downward channel formation.
Currently the stock is trading below all short term
moving averages (20, 50, 100, 200) and is likely to
correct up to 970.
CMP : 1026
TARGET : 970
STOP LOSS : 1050
Address:
4th
Floor, Baid House, 1, Tara Nagar,
Ajmer Road, Jaipur - 302006,
Tel. Ph. 0141- 4050515
Email- research@tradeswift.net
SEBI Reg. No. : INB 231248536/ INB 011248532/INE 261248536 NSE Code No. : 12485, BSE Code No. : 6284, MCXSX Code No.: 47000, FMC Reg. No. : NCDEX/TCM/Corp/0278,
NCDEX TM ID: 00142, FMC Reg. No. : MCX/TCM/Corp/0853, MCX TM ID: 10790
------------------------------------------------------------------------------------------------------------------------------------------------------- Disclaimer:
This Document has been prepared by Tradeswift Broking Pvt. Ltd., for use by the recipient only and not for circulation. The information and opinions contained in the document
have been complied from sources believed to be reliable. Tradeswift Broking Pvt. Ltd., does not warrant its accuracy, completeness and correctness.This report is for your guidance
only. Tradeswift Broking Pvt. Ltd. Or any of its director/employee/signatories or any other person will not be responsible for any trade done based on the report mentioned above.
Tradeswift Broking Pvt. Ltd has no personal trading interest in any of the scrips detailed above. Trading in commodities is facilitated through associate companies : Tradeswift
Commodities Private Limited (NCDEX) and Tradeswift Derivatives Private Limited (MCX)
Commodity MonthLTP as on
17.05.2019Strategy Target S/L Technical Comments
Chana Jun 4611
Buy on
declines and
sell near
resistance
levels
4630/4670/4770
(Res.)
4530/4450
(Sup.)
It has made a higher bottom formation and closed above 20 DEMA of
4485. Traders can buy on declines with SL 4530. Closes below this
level it can correct up to around 4490 to 4450. It can also bounce
from these level. It can also correct from resistance levels.
Guar Gum Jun 8835
Sell on rise and
buy near
support levels
8950/9030 (Res.)8750/8630
(Sup.)
It has made a lower top formation and closed below 200 DEMA of
8890. Traders can sell on rise with SL 8950. Closes above this level it
can go up to around 9030 to 9120. It can also correct from these
levels. It can also bounce from support levels.
Guar Seed M Jun 4406
Sell on rise and
buy near
support levels
4450/4530 (Res.)4350/4290
(Sup.)
It has made a lower top formation and closed below 20 DEMA of
4450. Traders can sell on rise with SL 4450. Closes above this level it
can go up to around 4490 to 4530. It can also correct from these
levels. It can also bounce from support levels.
Jeera Jun 17805
Buy around
sup. Level and
sell around res.
Level
18200/18700
(Res.)
17600/17200
(Sup.)
It has made a higher bottom formation and closed above 200 DEMA
of 17240. Traders can buy on declines with near SL of 17600. Closes
below this level it can correct up to around 17200 to 16900. It can
also bounce from this level. Near resistance levels it can give some
correction.
Agri Commodities
Soyabean Jun 3715
Buy around
sup. Level and
sell around res.
Level
3750/3790 (Res.) 3690/3620
(Sup.)
It has made a lower top formation and closed Below 20 DEMA of
3740. Traders can sell on rise with near SL of 3750. Closes above this
level it can go up to around 3790. It can also correct from this level.
Near support levels it can give some bounce. Traders can also buy on
correction near support levels and consider near support level as SL.
RMSeed Jun 3909
Buy around
sup. Level and
sell around res.
Level
3950/3990 (Res.)3850/3810
(Sup.)
It has made a higher bottom formation and closes above 100 DEMA
of 3890. Traders can buy on declines with SL 3850. Closes below this
level it can correct up to around 3810. It can also bounce from this
level. Near resistance levels it can give some correction.
Soya Oil Ref. Jun 739
Buy around
sup. Level and
sell around res.
Level
745/750 (Res.)730/725
(Sup.)
It has made a higher bottom formation and closed above 200 DEMA
of 739. Traders can buy on declines with near SL of 735. Closes below
this level it can correct up to around 730 to 725. It can also bounce
from this level. Near resistance levels it can give some correction.
Cocud(N) Jun 2741
Buy around
sup. Level and
sell around res.
Level
2790/2850 (Res.)2670/2590
(Sup.)
It has made a higher bottom formation and closed above 20 DEMA of
2590. Traders can buy on declines with near SL of 2670. Closes below
this level it can correct up to around 2590. It can also bounce from
this level. Near resistance levels it can give some correction.
Dhania Jun 7577
Buy around
sup. Level and
sell around res.
Level
7690/7850 (Res.)7430/7320
(Sup.)
It has made a higher bottom formation and closed above 20 DEMA of
7320. Traders can buy on declines with near SL of 7430. Closes below
this level it can correct up to around 7320. It can also bounce from
this level. Near resistance levels it can give some correction.
TMC Jun 7105Buy on
declines 7450/7750 (Res.)
6990/6850
(Sup.)
It has made a higher bottom formation and closed above 20 DEMA of
6505. Traders can buy on declines with near SL of 6490. Closes below
this level it can correct up to around 6450. It can also bounce from
this level. Near resistance levels it can give some correction. Traders
can sell on bounce near resistance levels and consider near
resistance levels as SL.
Mentha oil (MCX) May 1397
Buy around
sup. Level and
sell around res.
Level
1430/1450 (Res.)1370/1330
(Sup.)
It has made a higher bottom formation and closed above 20 DEMA of
1382. Traders can buy on declines with near SL of 1370. Closes below
this level it can correct up to around 1330. It can also bounce from
this level. Near resistance levels it can give some correction.
CPO (MCX) May 527
Buy around
sup. Level and
sell around res.
Level
530/540 (Res.)510/490
(Sup.)
It has made a higher bottom formation and closed above 20 DEMA of
525. Traders can buy on declines with SL 520. Closes Below this level
it can correct up to around 510 to 507. It can also bounce from these
levels. It can also correct from resistance levels.
Cardamom Jun 2321
Buy around
sup. Level and
sell around res.
Level
2430/2550 (Res.)2150/2010
(Sup.)
It has made a higher bottom formation and closed above 20 DEMA of
2001. Traders can buy on declines with near SL of 2150. Closes below
this level it can correct up to around 2010 to 1990. It can also bounce
from this level. Near resistance levels it can give some correction.
Commodity MonthLTP as on
17.05.2019Strategy Resistance Support Technical Comments
Gold Jun 31791
Sell on rise and
buy near
support levels
32050/32350
(Res.)
31600/
31450
(Sup.)
Gold has made a high of 32540 and given a sharp correction from this
level up to 31755 and closed below 20 DEMA of 31890. Traders can sell on
rise with SL 32050. Closes above this level it can go up to around 32350. It
can also correct from this level. Near support levels it can give some
bounce.
Silver July 36577
Sell on rise and
buy near
support levels
37250/37650
(Res.)
36500/
35500
(Sup.)
Silver has given a sharp correction from 37760 to 36530 and closed below
20 DEMA of 37250. Traders can sell on bounce near resistance levels with
SL 37300. Closes above this level it can go up to around 37650. It can also
correct from this level. Near support levels it can bounce. Closes below
36500 it can correct up to around 35500.
Copper Jun 428
Buy around
support level
and sell near
resistance
levels
435/445 (Res.)425/410
(Sup.)
Copper has made a lower top formation and closed below 20 DEMA of
435. Traders can sell on bounce near resistance levels with SL 435. Closes
above this level it can go up to around 440. It can also correct from this
level. Traders can also buy on correction near support levels with SL 425.
Closes below this level it can correct up to around 415 to 410.
Aluminum May 149.5
Buy around
support level
and sell near
resistance
levels
151/153 (Res.)148/145
(Sup.)
It has made a lower top formation but closed above 20 DEMA of 148.50.
Traders can buy on declines with SL 148. Closes below this level it can
correct up to around 145. It can also bounce from this level. It can also
correct from resistance levels.
Non - Agri Commodities
Lead May 128
Sell on rise and
buy near
support levels
131/135 (Res.)127/125
(Sup.)
It has made a lower top formation and closed below 20 DEMA of 130.50.
Traders can sell on rise with SL 131. Closes above this level it can go up to
around 134 to 135. It can also correct from these levels. Near support
levels it can give some bounce. Its strong support at 128. Traders can buy
on declines with SL 128.
Zinc May 215
Buy around
support level
and sell near
resistance
levels
218/220 (Res.) 213/209
(Sup.)
It has made a lower top formation and closed below 20 DEMA of 218.
Traders can sell on rise with SL 218.50. Closes above this level it can go up
to around 221 to 223. It can also correct from these levels. Near support
levels it can give some bounce. Closes below 213 it can correct up to
around 209 to 207.
Nickel May 845
Sell on rise and
buy near
support levels
860/870 (Res.)830/820
(Sup.)
It has made a lower top formation and closed below 20 DEMA of 850.
Traders can sell on rise with SL 860. Closes above this level it can go up to
around 870 to 875. It can also correct from these levels. Near support
levels it can give some bounce.
Crude Oil Jun 4445
Buy around
support level
and sell near
resistance
levels
4530/4630
(Res.)
4390/4310
(Sup.)
Crude oil has made a higher bottom formation and closed above 20
DEMA of 4399. Traders can buy on declines with SL 4390. Closes below
this level it can correct up to around 4310. It can also bounce from these
levels. Near resistance levels it can give some correction.
Natural Gas May 184
Buy around
support level
and sell near
resistance
levels
190/199 (Res.)182/175
(Sup.)
It has made a higher bottom formation and closed above 20 DEMA of
183. Traders can buy on declines with SL 181. Below this level it can
correct up to around 177 to 175. It can also bounce from this level. Near
resistance levels it can give some correction.
top related