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EPIC RESEARCH : Special-Report Of 17 May 2018

, 17 May 2018 -- Asian equities were mostly lower in morning trade on Thursday after North Korea threatened to walk away from its meeting with U.S. President Donald Trump planned next
month.

Global markets at a glance

Asian equities were mostly lower in morning trade on Thursday after North Korea threatened to walk away from its meeting with U.S. President Donald Trump planned next month. The U.S.-China trade talks, which would be held on Thursday in Washington, also garnered some attention.

North Korea leader Kim Jong-Un said on Wednesday that he would reconsider whether to attend the upcoming summit if the U.S. continue to make a “one-sided demand” for the regime to surrender its nuclear weapons.

“If the U.S. is trying to drive us into a corner to force our unilateral nuclear abandonment, we will no longer be interested in such dialogue and cannot but reconsider our proceeding to the DPRK-U.S. summit,” Kim said. He added that Trump risked becoming a “more tragic and unsuccessful president than his predecessors” if he didn’t accept North Korea as a nuclear power.South Korea’s KOSPI edged up 0.3% by 9:35PM ET (01:35 GMT).

Retail and technology stocks led Wall Street higher on Wednesday and the small-cap Russell 2000 hit a record peak, even as a rise in U.S. bond yields to an almost sevenyear high suggested more competition for equities and investors fretted over geopolitics. U.S. Treasury Secretary Steven Mnuchin, Commerce Secretary Wilbur Ross and U.S. Trade Representative Robert Lighthizer would meet with Chinese Vice Premier Liu He, according to reports.The meeting comes after Liu told U.S. lawmakers on Wednesday that he would work hard to address the U.S.- China trade imbalance and other problems with the trading relationship.

Previous day Roundup

The Nifty gave up all gains and closed marginally in the red on Tuesday as uncertainty around who will form the government in Karnataka made investors wary. The index formed an ‘Inverted Hammer’ or a Shooting Star kind of formation on the daily charts. A 'Shooting Star' pattern is formed when the index comes under selling pressure as traders start booking profits at higher levels. This pattern is usually formed in an uptrend and is treated as a reversal pattern, but it would require confirmation before we can conclude that the trend will get reversed in near future.

Index stats

The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[-38.50], Consumption[32.65pts],PSE[-20.60pts],CPSE[-19.80 pts],Energy[-238.95pts],FMCG[513.35pts],Auto[- 22.10pts],Pharma[-2.05pts],IT[20.65pts],Metal[- 15.40pts],Realty[6.20 pts], Fin Serv sector[-113.45 pts].

RECOMMENDATIONS [FUTURE]

1.RELINFRA [FUTURE ]

The particular script has rebounded from its support level of 375 and can break its crucial resistance level of 391,here buy on support level would be a good opportunity so we advice you to BUY RELINFRA FUTURE AROUND 391-392 TGT395 –400 SL BELOW 388


2. MANAPPURAM [FUTURE]

The particular script has rebounded by making a spinning top candle from its support level of 114 and can give a upward movement as per the intraday levels,here buy on support level would be a good opportunity so we advice you to BUY MANAPPURAM FUTURE AROUND 115-116 TGT118.50 –124 SL BELOW 112

STOCK RECOMMENDATION [CASH]
POWERGRID [CASH]

This particular counter has breaked its crucial resistance level of 214 but woulde not closed above it due to market volatilty however the the volume shows the strength so buy on high would be good opportunity to trade so we advice to buy POWERGRID ABOVE 214 TGT 218-222 SL BELOW 211

Epic Research Limited counts as the top research providing firm all over India as well as other global markets. We can say that 'Market Research' is the soul of the organization and the trust builder for the client base. Our team having experienced researchers who offer updates on the sectors like – equity trading, commodity trading, FOREX trading, Nifty Call etc.


Our research Team assists on the following sectors -

Intraday Stock Tips
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give Missed call at 911 133 9000
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# # #


Submitted by Epic Research, Epic Research Pvt.Ltd indore on Thursday, 17 May 2018 at 1:59 PM
Category: Business
 
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