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Global markets at a glance
The Dow and S&P were modestly lower on Monday, having recovered from earlier lows, as gains in energy shares helped curb declines stemming from trade war concerns after China's retaliation to US tariffs. U.S. President Donald Trump said last week he was pushing ahead with tariffs on
$50 billion of Chinese imports, prompting a quick response from Beijing, which said it would put duties on several American commodities.
Asian stocks extended a global downturn on Tuesday, while the safe-haven yen rose as US President Donald Trump threatened new tariffs on Chinese goods in an escalating tit
-for-tat trade war between the world’s two biggest econo- mies that has rattled financial markets.
S&P 500 futures ESc1 were off 0.6 percent, pointing to a another down day for Wall Street shares which slipped on Monday. MSCI’s broadest index of Asia-Pacific shares out- side Japan dipped 0.1 percent. Japan's Nikkei lost 0.45 per- cent, South Korea's KOSPI edged down 0.1 percent while Australian stocks added 0.3 percent.
Previous day Roundup
The Nifty which started on a flat note failed to build on mo- mentum due to weak global cues and slipped towards its crucial support placed around 10,800 on Monday. The in- dex formed a ‘Bearish Belt Hold’ kind of pattern on daily charts. In Monday’s price action, Nifty opened at
10,830.20 and was also the intraday high for the index which resulted in no upper shadow. The bears took control of D-Street in morning trade and pushed the index below its crucial support placed at 5-exponential moving average (EMA). Investors are advised to tread
The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[-33.95pts], Con- sumption[-9.05pts],PSE[23.95pts],CPSE[-1.90pts],Energy [91.4pts],FMCG[-62.75pts],Auto[30.4pts],Pharma[3.05ts],IT [-97.30pts],Metal[-61.5pts],Realty[-1.1 pts], Fin Serv sector [-13.6 pts].
1. HINDPETRO [FUTURE ] ]
Stock has outperformed 5% in intraday with average volume breakout and given closing above the trend line resistance level on daily chart. We recommend to buy from current level for the target of 330-335 with the stop loss of 315.
2. BATAINDIA [FUTURE]
Stock has shown good strength in intraday with good vol- umes and given closing above the trend line resistance level on daily chart. The RSI is also looking bullish on daily chart. We recommend to buy from current level for the target of 830 - 850 with the stop loss of 795.
STOCK RECOMMENDATION [CASH]
Stock has given a break out of trend line on daily chart on closing basis with huge volume breakout. It also took sup- port of trend line on daily chart. We recommend to buy above 74 for the target of 78 with the stop loss of 72.
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Submitted by Epic Research, Epic Research Pvt.Ltd indore on Tuesday, 19 June 2018 at 12:52 PM
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