Saturday, June 29, 2019

StocksIdeas for #Monday 1st July 2019 by #EpicResearch

#ICICIPRULI - Stock performed well with good volumes and closed near to days high. It gave trend line breakout on a closing basis. We recommend buying above 390 for the target of 395 with the stop loss of 385.

#OBEROIRLTY - Stock has given the breakout of the trend line on a closing basis on the daily chart with good volumes. The RSI is also showing strength on the daily chart. We recommend buying above 615 for the target of 625 with the stop loss of 605.

#KEC - Stock took the support of the 200 EMA on the daily chart and forming well. It formed a flag pattern on the daily chart. We recommend buying above 323 for the target of 328 with the stop loss of 318.

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NiftyOutlook by EpicResearch

Nifty ends the week with an Inside range as muted cues amid Global geopolitical tensions remain intact between the U.S and Iran, U.S China Trade war Tariffs and the ongoing G20 meeting. The market is awaiting any positive outcome from it while at the same time market is also embracing for the event that is about to shape the trend for future, in essence, The budget.

As per price action, Nifty was pretty much within the range that we have seen in the previous week and managed to recover the losses marginally. Since it was the monthly expiry week, we have seen writers eating away the premium. As per Derivatives data, Nifty managed to have rollovers of 80% which is above its 3 months average.


Technically, we have seen some contraction in MACD Hist which indicates there may be some sideways consolidation in the coming week.

Our concern is on the strength which is lacking or say deteriorating every week. There is a divergence on RSI (14) clearly which signals a caution in a bullish approach in the short term. Secondly, the trend indicators are showing markets to be in a no-trend state for now while the bias remains bearish in the short term.

In the coming week, We have a very important event, budget, that is about to shape the future trend of Equity markets. There will be possibly an increase in volatility and may further hurt any directional trader for the very short term. Since the importance of the event is high and is able to produce large trend we believe it is better to be on the sideline and see the outcome.

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WallStreet wraps up its best June in decades as G20 convenes

The Dow Jones Industrial Average rose 73.38 points, or 0.28%, to 26,599.96, the S&P 500 gained 16.84 points, or 0.58%, to 2,941.76 and the Nasdaq Composite added 38.49 points, or 0.48%, to 8,006.24.

Wall Street advanced in heavy trading on #Friday, with the S&P 500 and the Dow closing the book on their best June in generations, ahead of much-anticipated trade talks between U.S. President Donald Trump and Chinese counterpart Xi Jinping at the G20 summit now underway in Japan.

All three major U.S. stock indexes gained ground at the close of the week, month, quarter and first half of the year, during which time the U.S. stock market has had a remarkable run.

The S&P 500 had its best June since 1955. The Dow posted its biggest June percentage gain since 1938, the waning days of the Great Depression.
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Friday, June 28, 2019

NIFTY TOP #GAINER & TOP #LOSERS

EpicResearch Closing Bell

NIFTY CLOSE @ 11788.85 (-52.70)
SENSEX CLOSE @ 39394.64 (-191.77)
BANK NIFTY CLOSE @ 31105.20 (-164.30)


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EpicResearch Options - Call and Put Tips: 28 June 2019

BUY #CANARA BANK JUL Call 290 ABOVE 14


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India likely to impose 10% tax on imported palm oil

India could impose a tax on imported palmoils amid demands for enhanced export incentives on soyabean derivatives to ensure that growers of the edible oil crop in Maharashtra, where state polls are due this autumn, get remunerative prices after Iran sanctions shut down a crucial market.

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DLF gains 2% on infusion of Rs 2,250 cr by promoters

The new infusion came through two holding entities including Rajdhani Investments & Agencies and DLF Urva Real Estate Developers & Services which has taken the promoters’ collective stake to 74.95 percent in the company.

Shares of real estate major DLFgained as much as 2 percent intraday on June 28 after its promoters infused Rs 2,250 crore in the company against the issuance of new equity shares.

The scrip has added as much as 6 percent in the last three days.

The new infusion came through two holding entities including Rajdhani Investments & Agencies and DLF Urva Real Estate Developers & Services which has taken the promoters’ collective stake to 74.95 percent in the company
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Gold rises ahead Trump-Xi meeting; set to post 6th weekly gain

Gold prices rose on Friday, heading for a sixth weekly gain in a row, as investors await a meeting between US #President Donald Trump and Chinese President Xi Jinping this weekend for any developments on trade.

Spot gold was up 0.6 per cent at $1,418.21 per ounce as of 0115 GMT. Gold prices touched $1,438.63 earlier this week, their highest since May 14, 2013.

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Oil prices steady, focus turns to G20 gathering

Oil prices were steady on #Friday, with focus shifting to the G20 summit where a scheduled meeting between US President Donald Trump and Chinese#President Xi Jinping has stirred hopes that trade tensions could ease.

Brent crude futures were up 5 cents, or 0.08 per cent, at $66.60 per barrel by 0043 GMT.

US West Texas Intermediate (WTI) crude futures were down 2 cents, or 0.03 per cent, at $59.41 a barrel.

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