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EPIC RESEARCH : Special-Report Of 14 December 2018

India, 14 December 2018 -- Epic Research provide analysis report about stock market. We have a best research team and advisor for more information visit http://www.epic-research.co/

Global markets at a glance

The S&P 500 finished little changed after a volatile session on Thursday, as investors continued to be spooked by uncertainty on both domestic and international issues, driving up bids for defensive shares while financials and consumer discretionary stocks were the biggest drags. The Dow Jones Industrial Average rose 70.11 points, or 0.29 percent, to 24,597.38, the S&P 500 lost 0.53 point, or 0.02 percent, to 2,650.54 and the Nasdaq Composite dropped 27.98 points, or 0.39 percent, to 7,070.33.Asian shares were on the defensive on Friday as investors kept a wary eye on economic tensions between Washington and Beijing while the euro was steady after the European Central Bank halted new bond purchases as expected. MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.3 percent while Japan’s Nikkei dropped 0.4 percent.Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 42 points or 0.39 percent. Nifty futures were trading around 10,784-level on the Singaporean Exchange..

Previous day Roundup

The Indian stock markets witnessed a spectacular rally on Wednesday with benchmark indices closing near their high point of the day.The Nifty opened gap up and traded with a positive bias right throughout the day before witnessing further traction in the second half of the session.The NSE benchmark Nifty managed to close 188 points higher at 10,737 led by strong gains in Auto and Realty stocks. Bank Nifty also ended 480 points higher at 26,643. Broader markets too put up a strong show with Nifty Midcap 100 and Nifty Smallcap100 managing to close 2.64% and 3% higher, respectively. Tracking the derivative data points, Nifty and Bank Nifty Futures witnessed a surge in open interest, indicating fresh long positions.

RECOMMENDATIONS FUTURE

1. GAIL FUTURE

On Daily chart we have seen that stock near its resistence level, expectation it will broke its resistense level. . Fresh Buying we have seen in last trading session . After analysis of derivative data its indicate that traders view is to buy the stock . Our recommendation is also Buy the stock in the range of 347 target 350/352 Sl 344

2. BHARAT FORG FUTURE

On Daily chart we have seen that stock close above its pivot resistense level . Fresh buying we have seen in last trading session . After analysis of derivative data its indicate that traders view is to buy the stock . Our recommendation is also buy the stock in the range of 520 target 530/535 Sl 510


STOCK RECOMMENDATION CASH

GAIL

On Daily chart we have seen that stock near its resistence level, expectation it will broke its resistense level. . Fresh Buying we have seen in last trading session . After analysis of derivative data its indicate that traders view is to buy the stock . Our recommendation is also Buy the stock in the range of 347 target 350/352 Sl 344

STOCKS IN NEWS

Indian Oil Corporation: Board approved the buyback of up to 29.7 crore shares at Rs 149 per share and declared an interim dividend of Rs 6.75 per equity share. Lupin: Company received tentative US FDA approval for Dimethyl Fumarate Delayed release capsules, 120 mg and 240 mg, which are indicated for the treatment of patients with relapsing forms of multiple sclerosis.


NIFTY FUTURE

In last trading session we have seen the Buying pressure in the market. It form green bullish candle on daily chart . We expect that upcoming week from trading prospective is very volatile due to election result proposed. Our view on market is bearish ,our recommendation is to sell the nifty future in the range of 10820 Target 10800/10780/10750 .Sell on rise strategy follow for trading & positional purpose.

COMMODITY ROUNDUP

Crude prices were lower on Friday, as the Organization of the Petroleum Exporting Countries (OPEC) struggled to come up with an agreement on cutting oil production.West Texas Crude oil futures for January slumped 0.50% to $51.23 a barrel as of 4:54 AM ET (9:54 GMT), after falling nearly 3% on Thursday. Meanwhile Brent crudefutures, the benchmark for oil prices outside the U.S., dipped 0.45% to $59.78.The Thursday session of the OPEC meeting in Vienna ended without any decision on cutting oil supply, as Iran seeks an exemption from any cuts due to U.S. sanctions which have already weighed on its exports.

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Submitted by Epic Research, Epic Research Pvt.Ltd indore on Friday, 14 December 2018 at 1:44 PM
Category: Business




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