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Welcome NoteFriday

26th April, 2019

Title Page No.

Morning Quantum Global 04-08

Top Picks 09-10

Equity Derivatives 11

Daily Pivot Table (Equity) 12

Compass & Navigator 13-15

Daily Pivot Table (Commodities) 16

Disclaimer 17

CONTENTS

Morning Quantum Global

TOP PICKS

COMPASS & NAVIGATOR

One Stop Investment Avenue

The Right Way to Do the Right Things…Morning Quantum Global newsletter provides insights and themes for Indian equity markets. We also try and cover international themes for the day. This newsletter is quite popular with traders as it covers the most preferred trading strategy for Sensex/Nifty for the day.

In Chart of the day section, we recommend a stock which is likely to move significantly in the short term, clearly defining the supports, the resistances and bias for the stock.

In a nutshell, Morning Quantum Global covers themes and insights for the day.

MORNING Quantum Global

Nifty Outlook

Intraday

Medium Term

Long Term

Key Levels to Watch

Nifty Support

Nifty Resistance

Pivot Level

Nifty

Outlook for the Day

INDICES

Nifty

Bank Nifty

Nifty Auto Index

Nifty FMCG Index

Nifty Infra Index

Nifty IT Index

Nifty Media Index

Nifty Midcap Index

Nifty Metal Index

Nifty Pharma Index

Nifty Reality Index

Nifty Smallcap Index

Sensex

SGX Nifty

One Stop Investment Avenue www.quantumglobal.in


Good Morning & Welcome to Friday's trading action at Dalal Street, dated 26th

April 2019

Lets first analyze the Q4 results which have trickle in yesterday:

STOCKS TO WATCH:

1.MCX reported a 78.47% jump in consolidated net profit at Rs. 61 crore for

the 4th quarter of 2018-2019 as against 34 cr in previous year. We have a

positive bias on MCX with aggressive 1-year targets at 921 (12-15% upside

likely). Buying on dips should be the preferred strategy.

2.Biocon Q4 profit up 64% at Rs 214 crore. Biocon's board has also approved

issue of bonus shares in the proportion of 1:1. We expect the stock to trade

with positive bias with 6 months targets at 690-710 zone. (12-15% upside

likely).

3.Tata Steel’s profit in the 4th quarter was above street's estimates as

Revenue rose 25.9% to Rs 42,424 crore. Technically, the stock appears

attractive with long term perspective with downside well supported at 487-

491 zone. Buying on dips should be the preferred strategy with aggressive

1- year targets at 625-631 zone (15-18% upside likely).

4.Axis Bank's result were in line with our expectations. The positive takeaway

is that AXIS BANK reported Net profit of Rs 1,505 crore in the Dec-March

2019 quarter compared to a loss of Rs 2,188 crore in same previous quarter.

Domestic loan growth stood at 18% year-on-year. Gross NPA ratio stood at

5.26% compared with 5.75%. Technically speaking, the stock should find

strong bids at around 689-701 zone.

5.Meanwhile, Maruti Suzuki disappointed on all fronts. Net profit fell 4.6%

year-on-year to Rs 1,795 crore. Maruti also forecasted lower sales growth

for 2019-20 than the previous financial year. Well, this indicates that India’s

auto slowdown is far from over. It expects volume to grow between 4% and

8% in 2019-20. We expect the stock to continue its underperformance.

6. In other corporate news, ITC is under GST Scanner after the Goods and

Service Tax investigation body has found that ITC allegedly made undue

profits by not passing on the benefit of GST rate cut to consumers.

7. Cholamandalam Investment to consider stock split on 27th April board

meeting.

8.Amongst ongoing new IPO, Artemis Electricals is on. The issue will end on

30th April. Today, White Organic Retail's IPO will open for the public. We

have a subscribe rating for both the new issues.

9.Amongst corporate earnings this Friday: HERO MOTO CORP, PIRAMAL

ENTERPRISE and YES BANK will post their Q4.

• The two Underdog Stocks We're Watching: SUZON & MCX. Our

chart of the day suggests establishing long positions in stocks like MCX,

SUZLON and UBL on any early weakness with 2-3 Months perspective.

11642 -0.72%

29561 -1.00%

8588 -0.67%

30371 -0.85%

3143 -0.84%

16353 -0.11%

2380 -0.45%

4915 -0.56%

2991 -1.86%

9443 -0.17%

266 0.32%

6572 0.02%

38731 -0.83%

11753 0.20%

Buy on dips.

Neutral (11571-11723)

Neutral (11301-11951)

Positive (12501)

11571 & 11519

11745 & 11857

11479



Technical Strategy• BULLISH STOCKS: SUZLON, HAVELLS, SRF, KOTAK BANK, ULTRATECH,

BAJAJ FIANANCE, UPL, AIA ENGINEERING, NAUKRI (INFO EDGE), PFC.

• BEARISH STOCKS: APOLLO TYRES, RAYMONDS, VEDANTA.

• Amongst momentum Mid-cap stocks on buy side, we suspect, POLYPLEX

could be a dark horse with inter-month perspective! The technicals &

fundamentals are shifting in favor of bulls camp. CMP 517. Targets at 581.

• SHOW ME THE MONEY: Option Trade: SELL NIFTY 2nd May PE Strike

Price 11450 at CMP 9.60. Maximum Profit: Rs. 720/-. Loss: Unlimited. Stop:

Exit Put option if Nifty spot moves below 11519. (Nifty CMP 11642).

• Stocks banned in F&O segment for today: NIL.

Outlook for Friday: Hurdles for Nifty at 11857.

Downside risk limited at 11519.

Global cues are subdued this Friday morning as SGX Nifty is seen flirting with

dotted lines. Casting a shadow over our stock markets are lethal cocktail of

news, like:

1.Rising crude-oil prices ($66 a Barrel)

2.Weakening USD/INR (70.25).

3.The US Dollar index is at 2 Years High. Likely to move above 100 mark.

4.Maruti's Q4 results below street's expectations.

5.Wall Street mostly lower. Sluggish Shanghai & Hang Seng index.

6.Growth worries in Germany and investment bank turmoil.

But our call of the day continues to be with the bulls camp and suggests we are

probably flying above Nifty 12,000 in the next couple of weeks!

Agreed that aggressive traders from the bulls camp could take a breather after

the benchmarks Nifty & Sensex notched spectacular rebound in Wednesday's

trade, but we suspect any downside likely to be limited as the positive catalysts

working in favor of bulls are:

1.Hopes of normal monsoon: The latest South Asian Climate Outlook

Forum on Tuesday predicted a normal monsoon in most parts of India

barring the west coast peninsular, including parts of the state and northern

parts of central India.

2.Earnings above street's expectations: Most of the Q4 corporate

earnings which have trickled in are above street's expectations.

This fuels hopes that the much-awaited earnings recovery will follow this

quarter. That also indicates that we are perhaps going to escape an

earnings recession. That will be key for the market to rally from here.

3.FIIs in buying mode: As per Thursday's provisional data, FIIs bought

shares worth Rs 3,785.73 crore. In this April month FIIs have bought to the

tune of 12706 crores.

Info Edge India Limited is India’s premier online

classifieds company in recruitment, matrimony,

real estate, education and related services. The

company, with a view to tap into the growing and

vibrant Indian internet market, undertakes

investments in early stage companies / start-up

ventures. Its business portfolio comprises:

• Recruitment – www.naukri.com – market

leader in the Indian e-recruitment space.

• Matrimony – www.jeevansathi.com.

• Real Estate – www.99acres.com.

• Education – www.shiksha.com.

Technically, brace yourselves for a major

breakout play from a complex ‘higher

consolidation pattern’ on the daily/monthly

charts. An impulse uptrend is seen forming on

the daily time scale, with positive SAR series,

major confirmation above its all-time high at

2050 mark.

Add to that a bullish divergence and a rising

stochastic signal (on weekly charts) with recent

increase in volumes signaling a larger rebound.

The 200 days Exponential Moving Average (EMA)

of the stock on the daily chart is currently at 1606

zone. The level of Rs 1606-1651 zone will act as a

strong support zone and any sharp corrective

declines to these levels should be used as an

opportunity to initiate aggressive long positions.

A potential entrance exists the stock at CMP, and

on dips between 1800-1855 zone, targeting

2050 and then aggressive targets at 2251 zone

with stop at 1601. Holding Period: 2-3 Months.

NAUKRI (INFO EDGE)

Action

Target

Support

Resistance

Holding Period

1973

BUY

2100

1881/1775

2050/2251

60 Days



4.Wall Street at record highs.

5.The good news for bulls’ camp continues to be the renewed optimism on backdrop of reports that growth is stabilizing in

China, amidst another round of macroeconomic stimulus, easing fears of a hard landing. And then hopes continue for the

United States and China may soon reach a deal to prevent the ongoing trade war from escalating further.

6.WTI Crude oil prices are fractionally lower at $66.26 per barrel. The slight pullback in WTI prices comes after the

American Petroleum Institute late Tuesday reported a gain of almost 7 million barrels in inventories last week, more than five

times the expected increase.

7. Reports that the U.S. trade representatives will lead a U.S. delegation to China next week to resume trade

negotiations.

The negotiations will begin April 30 in Beijing.

The street is anticipating that the ongoing trade talks are in final stages, and if the said deal is reached, then a signing ceremony

could be held in late May or early June, ending the yearlong tariff war between the world's two largest economies.

Long story short: Buying on dips should continue to be the preferred strategy.

FII/DII & OPTIONS DATA:

• As per Thursday’s Provisional Data available on the NSE, FIIs bought shares worth Rs 3,785.73 crore while DIIs sold Rs

4,069.98 crore worth of shares in the Indian equity market.

• As per option data, key resistance level for the May series for Nifty are at 11,800 strike price as maximum call open interest of

38.49 lakh contract were seen at the 11,800 strike price followed 12,000 strikes. Key support level for the May series is at

11,600 as Maximum Put open interest of 22.16 lakh contracts were seen at the 11,600 strike price.

GLOBAL CUES:

• Wall Street was seen struggling in yesterday's trade as most the stocks closed mostly lower on reports of disappointing

earnings from 3M Co.

Investors continued to monitor trade talks between the U.S. and China which are reportedly in the final stretch. Meanwhile,

Yields on 10-year bonds have gained considerably since their inversion 25-days back. The yield on the 10-year Treasury

jumped to more than 2.5% in an indication of investor optimism about stocks.

• EU leaders’ move to grant the U.K. a delay to Brexit until Oct 31, 2019.

POLITICAL CUES:

• Sentiments could turn volatile ahead of National elections which has started to take centre stage. The much awaited event, the

general elections began with first phase on April 11. Well, stocks could cool if poll fever heats up. The seven-phase election is

being across the country from 11 April to 19 May and results will be announced on 23 May.

• The street is quite optimistic that Narendra Modi-led government will come back to power after the general elections 2019.

Optimists appear to be betting that Modi’s re-election will boost investment activity in sectors such as construction and

infrastructure.

COMMODITY CUES:

• GOLD ($1278): Support now seen 1271-1275 zone. Major intermonth hurdles now seen at 1368. Interweek Strategy: Buy

above 1293, targeting 1311 and then at 1359-1368 zone with stop below 1271.



• WTI CRUDE-OIL (65.75): Key support now at 62.50 zone. Hurdles at 67.50. Interweek strategy: Establish buy positions

between 62.50-63 zone, targeting 65 zone and then at 67-67.50 zone with strict stop at 62.05.

• MCX COPPER (445): Interweek strategy: Establish long positions at CMP, targeting 459-463 zone and then aggressive targets

at 471-477 zone with stop at 431.

CURRENCIES & BONDS:

• In Thursday's trade, the Indian Rupee ended a volatile session lower, depreciating by 0.39 paise against the dollar to close at

70.26.

• Technically, USD/INR faces major hurdles at 70.45. Major strength seen only above 70.45. Interweek Strategy: Aggressive

traders can look to buy between 69.75-69.85 zone, targeting 70.45 and then 71.50. Stop 69.01.

WHAT TECHNICALS TELLS US ON NIFTY:

• In yesterday's trade, the benchmarks witnessed volatility amidst April series expiry. The benchmark indices ended sharply

lower and the negative takeaway was that they reversed morning gains.

• The Sensex settled below the psychological 39,000 level. The Nifty settled below the 11,700 mark.

• Nifty continues to trade way above its 21 DMA & 200 DMA placed at 11603 & 10989 mark respectively.

• The market breadth, indicating the overall health of the market was weak. The BSE Mid-Cap index inched lower 0.58%. The

BSE Small-Cap index slipped 0.05%.

• Technically speaking, medium term supports on Nifty are placed at 11311 zone. Only on any move below 11,311 will the

technical conditions deteriorate with aggressive targets at 10,901 mark.

• Intraday support seen at 11571 and then at 11519 mark.

• Intraday hurdles are at 11789 and then major hurdles seen at 11857 zone.

• The medium term price action for Nifty is suggesting that we are likely to see a 11451-11,901 range in near

term with neutral bias.

Bulls Vs. Bears: Time to Pick a Side!!

Nifty likely to outperform Bank Nifty:

• Preferred trade on Nifty (11642): Buy

between 11589-11601 zone. Targets

11721/11857. Stop 11519.

• Preferred trade on Bank Nifty (29861):

Sell between 29751-29801 zone. Targets

29157/29001. Stop 30251.

Daily chart of Nifty:

The Journey of life is sweeter when traveled by…Quantum Global Top Picks

TOP PICKS (F & O) It's like having investment binoculars !

Quantum Global Top Picks: It's like having Investment binoculars!!

When we want to see what's happening far off, we will reach for the binoculars. The binocular helps us to steer out of danger and also accurately spots our targets.

When it comes to trading / investing, that's exactly how Quantum Global Top Picks helps us to identify the best five momentum stocks for the week. This daily newsletter introduces to the momentum stocks from the list of Future & Option segment, defining their support and resistance levels, and attempts to forecast their movement with a short /medium term perspective.


R2STOCKS LTP S1 S2 R1 TRADING STRATEGYBIAS

TOP PICKS (F & O) It's like having investment binoculars !


Momentum oscillators signaling strength. Confirmation of strength above 637. Interweek Strategy: Buy between 605-611 zone, targeting 637/675. Stop 597.

HAVELLS is witnessing a major breakout on monthly charts. Confirmation of strength above 783. Interweek Strategy: Buy between 757-763 zone, targeting 783/821. Stop 737.

MCX rebounding from its key support at 761 levels (38.2% Fib level Feb 2019 low to April 2019 highs). Bullish reverse divergences likely to act as positive trigger. Intermonth Strategy: Buy between 791-795 zone. Targets 831/921. Stop 777.

The sequence of higher high/low is intact on daily/weekly and on monthly charts. Interweek Strategy: Buy between 1421-1439 zone, targeting 1491/1521. Stop 1391.

APOLLO TYRES is signaling a breakdown from a lower consolidation zone on the daily charts. Key hurdles seen at 221. Interweek Strategy: Sell between 214-215 zone, targeting 201/191. Stop 222.45.

Stocks have become a buy-high, sell-higher market. Our preferred bets MCX & UBL.

BIOCON

HAVELLS

MCX

UBL

APOLLO TYRES

620 605 589 637 675 Positive

773 757 737 783 821 Positive

801 781 761 831 921 Positive

1450 1421 1399 1491 1521 Positive

209 201 191 215 221 Negative

Derivatives Strategies

Nifty Spot

VIX

Premium

Nifty Future OI

Cash Volumes (INR in Cr.)

YesterdayDay Before Yesterday

Derivatives Vol.(INR in Cr.)

No of contracts

Turnover (Rs. In cr.)

BSE Cash Vol. (Rs. in Cr)

NSE Cash Vol.(Rs. in Cr)

NSE Derivative Vol. (Rs. in Cr)

Index Future Volumes

Stock Future Volumes

Index Option Volumes

Stock Option Volumes

Total


EQUITY DERIVATIVESLooking into the future from present.

Changes in Open Interest (OI) in yesterday’s trade.

Major Changes in Nifty Options (OI)

Bank Nifty Spot

Bank Nifty OIFuture

Future Call: BUY UPL MAY FUTURES between 965-967 zone.

Targets at 983 and then at 989. Stop: 953. Holding Period:

Intraday. Analyst’s Remark: Breakout Play (UPL May Futures CMP

973.60).

Option Call: SELL BANK NIFTY 02nd MAY PE Strike Price 29400 at

CMP 96.40. Maximum Profit: Rs. 1,928/-. Loss: Unlimited. Stop:

Exit Put option if Bank Nifty moves below 29555. (Bank Nifty May

Futures CMP 29791.55).

11641.80 (-0.72%)

29561.35 (-1.00%)

23.2325 (-2.02%)

+89 vs +93

1.92 crores (+59.65%)

17.23 lakhs (+30.36%)

2587.26 2102.06

45084.45 31883.6

2568108 1423405

645058 49661

2067116 128550

34646174 2296420

1440259 93477

38798607 2568108

Calls in lakhs (% Change)

11800 16.4 (+245%)

11900 7.7 (+281%)

12000 8.73 (+166%)

Putsin lakhs (% Change)

11500 8.37 (+62%)

11600 11.47 (+16%)

11700 9.69 (+53%)

Friday26th April, 2019

Market Summary:

• Nifty May Futures ended Thursday's session at a premium of +89

vs +93.

• The 02nd May expiry Put- Call Open Interest Ratio was at 0.79 for

Nifty whereas it was 0.64 for Bank Nifty.

• The 02nd May expiry Put-Call Volume Ratio was at 0.90 for the

Nifty and 0.98 for Bank Nifty.

• For Nifty, Maximum Call Open Interest (OI) stands at 11800 Strike

Price, followed by 11700 Strike Price for 02nd May Series. Short

Buildup was seen at strikes price 11600-12000.

• Maximum Put Open Interest (OI) was seen at strike price 11600

followed by 11700 strike price for 02nd May series. Long buildup

was seen at strike prices 11400-12000.

• For Bank Nifty, Maximum Call Open Interest (OI) stands at 30000

Strike Price and Maximum Put Open Interest stands at 29000

Strike Price.

• As per Thursday’s Provisional Data available on the NSE, FII’s

bought shares worth Rs. 3,785.73 crores in the Indian Equity

Market. DIIs on the other hand, sold shares worth Rs. 4,069.98

crores in the Indian Equity market.

• Long Buildup: UBL, UPL.

• Short Buildup: INFRATEL, TATA CHEM, BHARAT FINANCIAL, OIL.

• Short Covering: JET AIRWAYS, HPCL, WIPRO, BHARTIAIRTEL.

• Long Unwinding: DLF, SBI, COAL INDIA, IOC.

• Stocks banned in F&O segment for today: NIL.

• New In Ban: NIL.

• Out of Ban: ADANI POWER, DLF, IDBI, IDEA, JET AIRWAYS,

RPOWER.

All level indicated above are based on cash market prices.

Pivot Point

PP : Pivot Point : This is trigger point for weekly buy/sell based on the price range of the previous week.R1 : Resistance one : 1st Resistance over PP. R2 : Resistance two : 2nd Resistance over R1.S1 : Support one : 1st support after PP. S2 : Support Two : 2nd support after S1.

As per the tool, the trader should take BUY position just above PP and keep the stop loss of PP and the first target would be R1.If R1 is crossed then R2 becomes the next target with the stop loss at R1.

Similarly if price goes below PP the trader should SELL and keep the PP as Stop loss and the first target would be S1.

If S1 is crossed then S2 becomes the next target with the stop loss at S1.This is a trading tool. The key to use of this tool is the use of STOP LOSS.

Instrument Close S1 S2 R1 R2 200 Day SMA Reversal Point Trend


DAILY PIVOT TABLE Friday26th April, 2019

NIFTY 11651.5 11584.95 11518.4 11757.4 11863.3 11690.85 11002.59 UP

BANKNIFTY 29554.6 29358.47 29162.33 29904.22 30253.83 29708.08 27200.95 UP

NIFTYMID50 4918.65 4893.73 4868.82 4956.98 4995.32 4932.07 4841.46 UP

ACC 1628 1599.08 1570.17 1660.83 1693.67 1631.92 1492.61 UP

ADANIENT 134.75 133.4 132.05 136.55 138.35 135.2 145.33 DOWN

ADANIPORTS 390.4 387.73 385.07 392.98 395.57 390.32 361.63 UP

AJANTPHARM 1032.05 1020.7 1009.35 1044.7 1057.35 1033.35 1079.76 DOWN

ALBK 49.4 48.42 47.43 50.97 52.53 49.98 44.44 UP

AMARAJABAT 668.95 664.12 659.28 675.77 682.58 670.93 757.61 DOWN

ANDHRABANK 27.35 27.15 26.95 27.7 28.05 27.5 28.86 DOWN

APOLLOTYRE 209.25 207.43 205.62 211.18 213.12 209.37 230.6 DOWN

ARVIND 88 86.7 85.4 89.3 90.6 88 226.25 DOWN

ASHOKLEY 89.75 88.7 87.65 91.65 93.55 90.6 106.2 DOWN

ASIANPAINT 1449 1438.07 1427.13 1459.97 1470.93 1449.03 1366.74 UP

AUROPHARMA 799.95 785.03 770.12 814.93 829.92 800.02 732.84 UP

AXISBANK 741.2 733.65 726.1 753.65 766.1 746.1 642.41 UP

BAJAJ-AUTO 3089.05 3041.1 2993.15 3123.5 3157.95 3075.55 2776.33 UP

BAJAJFINSV 7700 7638.02 7576.03 7748.97 7797.93 7686.98 6379.55 UP

BAJFINANCE 3081.6 3064.7 3047.8 3106.45 3131.3 3089.55 2599.3 UP

BALKRISIND 933.4 920.38 907.37 958.03 982.67 945.02 1016.14 DOWN

BALRAMCHIN 146.75 141.6 136.45 150.9 155.05 145.75 101 UP

BANKBARODA 122 120.42 118.83 124.67 127.33 123.08 119.14 UP

BANKINDIA 91.95 91.03 90.12 93.33 94.72 92.42 90.76 UP

BATAINDIA 1471 1459.5 1448 1478 1485 1466.5 1095.11 UP

BEL 87.45 86.2 84.95 89.15 90.85 87.9 92.64 DOWN

BEML 906 894.33 882.67 920.83 935.67 909.17 805.41 UP

BERGEPAINT 323.5 320.52 317.53 326.07 328.63 323.08 311.28 UP

BHARATFIN 1044.6 1032.7 1020.8 1065.75 1086.9 1053.85 1042.97 UP

BHARATFORG 479.5 476.83 474.17 484.13 488.77 481.47 556.16 DOWN

BHARTIARTL 332.05 324.4 316.75 336.3 340.55 328.65 301.57 UP

BHEL 72.2 70.88 69.57 74.33 76.47 73.02 70.39 UP

BIOCON 620.15 615.2 610.25 624.4 628.65 619.45 624.12 DOWN

BPCL 357.8 350.45 343.1 362.3 366.8 354.95 349.22 UP

BRITANNIA 2972 2956.77 2941.53 2993.12 3014.23 2977.88 4567.94 DOWN

BSOFT 96.45 95.83 95.22 97.48 98.52 96.87 203.02 DOWN

CANBK 271 269.27 267.53 273.92 276.83 272.18 256.85 UP

CANFINHOME 320.35 316.57 312.78 324.27 328.18 320.48 291.41 UP

CASTROLIND 155.25 153.5 151.75 157.7 160.15 155.95 155.31 DOWN

CEATLTD 1085.5 1079 1072.5 1094.25 1103 1087.75 1219.61 DOWN

CENTURYTEX 933.85 917.37 900.88 956.57 979.28 940.08 872.88 UP

CESC 688 680.32 672.63 700.47 712.93 692.78 784.31 DOWN

CGPOWER 39.3 37.97 36.63 40.12 40.93 38.78 44.59 DOWN

CHENNPETRO 258 253.8 249.6 263.1 268.2 258.9 270.77 DOWN

CHOLAFIN 1419.2 1407.97 1396.73 1437.97 1456.73 1426.73 1318.1 UP

CIPLA 558 551.45 544.9 564.25 570.5 557.7 574.46 DOWN

COALINDIA 253.45 249.43 245.42 256.33 259.22 252.32 253.88 DOWN

COLPAL 1201.1 1192.9 1184.7 1214.65 1228.2 1206.45 1198.97 UP

CONCOR 494 485.8 477.6 504.9 515.8 496.7 608.67 DOWN

CUMMINSIND 733.7 728.97 724.23 739.67 745.63 734.93 741 DOWN

DABUR 395.1 392.03 388.97 399.93 404.77 396.87 420.65 DOWN

DALMIABHA 2372.9 2253.3 2133.7 2518.25 2663.6 2398.65 2565.05 DOWN

DCBBANK 214.35 211.32 208.28 218.57 222.78 215.53 172.47 UP

DHFL 145 141.7 138.4 149.65 154.3 146.35 312.78 DOWN

DISHTV 36.35 35.43 34.52 37.38 38.42 36.47 47.42 DOWN

DIVISLAB 1718 1704.87 1691.73 1736.82 1755.63 1723.68 1437.22 UP

DLF 175.2 172.57 169.93 178.27 181.33 175.63 180.31 DOWN

DRREDDY 2938 2871.63 2805.27 2972.18 3006.37 2905.82 2541.27 UP

EICHERMOT 20350 20220.33 20090.67 20559.33 20768.67 20429.67 23570.05 DOWN

ENGINERSIN 114.6 114 113.4 115.6 116.6 115 119.23 DOWN

EQUITAS 128.25 126.13 124.02 131.63 135.02 129.52 127.06 UP

ESCORTS 748.75 743 737.25 756.6 764.45 750.85 735.54 UP

EXIDEIND 214.45 211.92 209.38 218.22 221.98 215.68 250.45 DOWN

FEDERALBNK 95.8 94.97 94.13 96.72 97.63 95.88 85.22 UP

FORTIS 139.45 138.67 137.88 140.17 140.88 139.38 139.5 DOWN

GAIL 342.6 339.47 336.33 347.37 352.13 344.23 352.92 DOWN

GLENMARK 642.6 637.45 632.3 646.7 650.8 641.55 630.1 UP

GMRINFRA 17.05 16.75 16.45 17.55 18.05 17.25 16.97 UP

GODREJCP 650.9 639.6 628.3 669.85 688.8 658.55 779.66 DOWN

GODREJIND 511 506.3 501.6 516.85 522.7 512.15 538.62 DOWN

GRANULES 115.3 113.63 111.97 116.98 118.67 115.32 99.02 UP

GRASIM 923 886.07 849.13 949.97 976.93 913.03 879.8 UP

GSFC 102.75 101.22 99.68 103.77 104.78 102.23 104.96 DOWN

HAVELLS 773.25 769 764.75 779 784.75 774.75 675.74 UP

HCC 14.05 13.68 13.32 14.48 14.92 14.12 12.8 UP

HCLTECH 1136 1126.23 1116.47 1148.58 1161.17 1138.82 1018.25 UP

HDFC 1951.45 1932.4 1913.35 1984.65 2017.85 1965.6 1910.88 UP

HDFCBANK 2262.9 2247.63 2232.37 2288.48 2314.07 2273.22 2102.99 UP

HDIL 24.05 23.77 23.48 24.42 24.78 24.13 24.07 DOWN

HEROMOTOCO 2604.1 2588.5 2572.9 2628.85 2653.6 2613.25 2970.55 DOWN

HEXAWARE 343.35 335.33 327.32 348.13 352.92 340.12 378.4 DOWN

HINDALCO 196.8 194.15 191.5 201.05 205.3 198.4 217.47 DOWN

HINDPETRO 274.95 267.7 260.45 280.6 286.25 273.35 247.58 UP

HINDUNILVR 1735 1720.6 1706.2 1756 1777 1741.6 1712.11 UP

HINDZINC 273.4 270.65 267.9 276.9 280.4 274.15 274.98 DOWN

IBULHSGFIN 736 719.37 702.73 757.27 778.53 740.63 901.6 DOWN

ICICIBANK 396.3 392.93 389.57 401.03 405.77 397.67 344.69 UP

ICICIPRULI 368.25 360.08 351.92 378.33 388.42 370.17 344.16 UP

ICIL 44 42.37 40.73 45.32 46.63 43.68 60.7 DOWN

IDBI 43.9 43.23 42.57 44.33 44.77 43.67 54.86 DOWN

IDEA 16.9 16.38 15.87 17.33 17.77 16.82 38.21 DOWN

IDFC 43 42.47 41.93 43.57 44.13 43.03 42.72 UP

IDFCFIRSTB 53.3 52.35 51.4 53.9 54.5 52.95 43.16 UP

IFCI 12.2 12.1 12 12.3 12.4 12.2 14.19 DOWN

IGL 309.55 306.03 302.52 314.03 318.52 310.52 276.84 UP

INDIACEM 109.5 105.68 101.87 112.78 116.07 108.97 99.32 UP

INDIANB 252.6 250.23 247.87 256.83 261.07 254.47 266.97 DOWN

INDIGO 1493 1473.67 1454.33 1511.67 1530.33 1492.33 1086.27 UP

INDUSINDBK 1675.1 1657.4 1639.7 1708.4 1741.7 1690.7 1678.79 DOWN

INFIBEAM 46.05 44.85 43.65 47.6 49.15 46.4 88.83 DOWN

INFRATEL 272.5 259.43 246.37 291.78 311.07 278.72 284.17 DOWN

INFY 730.05 725.52 720.98 736.12 742.18 731.58 705.64 UP

IOC 153.1 151.48 149.87 155.08 157.07 153.47 146.43 UP

IRB 131.25 129.73 128.22 133.83 136.42 132.32 155.65 DOWN

ITC 306 302.07 298.13 309.87 313.73 305.93 288.2 UP

JETAIRWAYS 170.15 162.53 154.92 177.58 185.02 169.97 259.62 DOWN

JINDALSTEL 167.7 164.32 160.93 172.82 177.93 169.43 176.75 DOWN

JISLJALEQS 59.6 58.87 58.13 60.27 60.93 59.53 68.5 DOWN

JPASSOCIAT 5.65 5.57 5.48 5.77 5.88 5.68 8.37 DOWN

JSWENERGY 69.65 68.33 67.02 71.98 74.32 70.67 67.58 UP

JSWSTEEL 286.7 283.3 279.9 292.3 297.9 288.9 319.64 DOWN

JUBLFOOD 1335 1319.03 1303.07 1352.93 1370.87 1336.97 1314.14 UP

JUSTDIAL 572.75 567 561.25 580.25 587.75 574.5 524.47 UP

KOTAKBANK 1360.45 1351.3 1342.15 1373.3 1386.15 1364.15 1252.54 UP

KSCL 464.1 457.87 451.63 474.37 484.63 468.13 536.57 DOWN

KTKBANK 128.8 127.32 125.83 130.57 132.33 129.08 114.26 UP

L&TFH 137.3 135.67 134.03 139.87 142.43 138.23 145.67 DOWN

LICHSGFIN 493.6 487.87 482.13 502.62 511.63 496.88 480.6 UP

LT 1357 1345.92 1334.83 1374.32 1391.63 1363.23 1330 UP

LUPIN 874 859.77 845.53 881.57 889.13 867.33 844.91 UP

M&M 665.15 661.77 658.38 670.77 676.38 667.38 781.53 DOWN

M&MFIN 416.1 405.87 395.63 433.17 450.23 422.93 435.26 DOWN

MANAPPURAM 120.2 119.07 117.93 121.47 122.73 120.33 97.84 UP

MARICO 356 352.72 349.43 362.07 368.13 358.78 351.73 UP

MARUTI 6883.95 6784.32 6684.68 7064.27 7244.58 6964.63 7703.03 DOWN

MCDOWELL-N 548.8 543.47 538.13 555.47 562.13 550.13 581.44 DOWN

MCX 800.8 786.73 772.67 810.38 819.97 796.32 754.27 UP

MGL 967.05 957.32 947.58 980.47 993.88 970.73 885.6 UP

MOTHERSUMI 148.4 146.63 144.87 150.33 152.27 148.57 172.96 DOWN

MRF 55330 55022.35 54714.7 55915.3 56500.6 55607.65 65580.41 DOWN

MRPL 71.15 70.47 69.78 71.77 72.38 71.08 74.59 DOWN

MUTHOOTFIN 581.25 570.57 559.88 594.27 607.28 583.58 478.49 UP

NATIONALUM 52.9 52.47 52.03 53.47 54.03 53.03 62.37 DOWN

NBCC 58.7 57.9 57.1 60 61.3 59.2 61.14 DOWN

NCC 103 101.23 99.47 105.13 107.27 103.37 89.24 UP

NMDC 100.65 99.62 98.58 102.32 103.98 101.28 103.09 DOWN

NTPC 133.65 132.18 130.72 135.23 136.82 133.77 150.42 DOWN

OFSS 3536 3518.32 3500.63 3555.37 3574.73 3537.68 3724.37 DOWN

OIL 177.5 173.98 170.47 181.08 184.67 177.57 191.09 DOWN

ONGC 169.15 167.13 165.12 170.58 172.02 168.57 155.74 UP

ORIENTBANK 99.45 97.92 96.38 101.67 103.88 100.13 85.74 UP

PCJEWELLER 131.05 127.4 123.75 137.65 144.25 134 82.04 UP

PEL 2562.5 2534.42 2506.33 2587.47 2612.43 2559.38 2446.98 UP

PETRONET 237.5 235.6 233.7 238.6 239.7 236.7 224.67 UP

PFC 118 116.73 115.47 119.98 121.97 118.72 95.78 UP

PIDILITIND 1214.9 1200.5 1186.1 1233.8 1252.7 1219.4 1116.8 UP

PNB 86.45 85.28 84.12 88.38 90.32 87.22 77.92 UP

POWERGRID 191.3 189.4 187.5 194.5 197.7 192.6 189.41 UP

PTC 70.65 69.5 68.35 71.85 73.05 70.7 79.24 DOWN

PVR 1721 1706.4 1691.8 1732.2 1743.4 1717.6 1444.33 UP

RAMCOCEM 797.5 774.63 751.77 814.08 830.67 791.22 652.83 UP

RAYMOND 761 750.43 739.87 771.78 782.57 761.22 781.2 DOWN

RBLBANK 667.1 662.8 658.5 673 678.9 668.7 579.08 UP

RCOM 2 2 2 2 2 2 11.66 DOWN

RECLTD 149.4 147.33 145.27 152.73 156.07 150.67 119.34 UP

RELCAPITAL 151.1 145.3 139.5 159.1 167.1 153.3 265.52 DOWN

RELIANCE 1370 1350.93 1331.87 1400.73 1431.47 1381.67 1191.99 UP

RELINFRA 121.9 119 116.1 126.85 131.8 123.95 292.41 DOWN

REPCOHOME 435.65 429.3 422.95 444.45 453.25 438.1 445.93 DOWN

SAIL 56.65 56.07 55.48 57.07 57.48 56.48 61.84 DOWN

SBIN 306.5 303.93 301.37 310.53 314.57 307.97 286.32 UP

SHREECEM 19930.5 19428.05 18925.6 20286.5 20642.5 19784.05 16772.96 UP

SIEMENS 1200.9 1177.2 1153.5 1213.2 1225.5 1189.5 1001.04 UP

SOUTHBANK 16.4 16.18 15.97 16.68 16.97 16.47 15.91 UP

SREINFRA 26.85 26.57 26.28 27.27 27.68 26.98 37.42 DOWN

SRF 2533 2508.47 2483.93 2548.67 2564.33 2524.13 2039.57 UP

SRTRANSFIN 1156 1136.67 1117.33 1184.67 1213.33 1165.33 1187.83 DOWN

STAR 478.1 473.23 468.37 483.73 489.37 478.87 447.17 UP

SUNPHARMA 462.4 456.4 450.4 471.5 480.6 465.5 514.76 DOWN

SUNTV 578 568.18 558.37 592.63 607.27 582.82 643.07 DOWN

SUZLON 7.15 6.93 6.72 7.43 7.72 7.22 6.17 UP

SYNDIBANK 39.2 38.72 38.23 39.92 40.63 39.43 37.23 UP

TATACHEM 573.2 568.23 563.27 580.63 588.07 575.67 664.75 DOWN

TATACOMM 572.65 566.98 561.32 580.13 587.62 574.47 539.48 UP

TATAELXSI 927 921.87 916.73 933.27 939.53 928.13 1096.67 DOWN

TATAGLOBAL 212 208.58 205.17 214.13 216.27 210.72 218.92 DOWN

TATAMOTORS 221 218.87 216.73 224.52 228.03 222.38 205.51 UP

TATAMTRDVR 107 106.02 105.03 108.87 110.73 107.88 109.5 DOWN

TATAPOWER 67.8 66.95 66.1 69.1 70.4 68.25 72.48 DOWN

TATASTEEL 511 503.57 496.13 523.87 536.73 516.43 537.17 DOWN

TCS 2205 2180.37 2155.73 2217.32 2229.63 2192.68 1987.92 UP

TECHM 816 810.63 805.27 824.18 832.37 818.82 728.09 UP

TITAN 1145.4 1132.2 1119 1161.8 1178.2 1148.6 938.17 UP

TV18BRDCST 33.25 32.52 31.78 33.92 34.58 33.18 38.45 DOWN

UBL 1451.35 1428.97 1406.58 1470.07 1488.78 1447.68 1309.01 UP

UJJIVAN 321.85 317.13 312.42 326.98 332.12 322.27 297.08 UP

ULTRACEMCO 4636.4 4494.4 4352.4 4732.5 4828.6 4590.5 3930.08 UP

UNIONBANK 87.5 86.22 84.93 89.27 91.03 87.98 81.09 UP

UPL 969.75 952.53 935.32 980.43 991.12 963.22 746.54 UP

VEDL 170.3 168.45 166.6 173.7 177.1 171.85 200.55 DOWN

VGUARD 219.9 218.4 216.9 221.7 223.5 220.2 203.59 UP

VOLTAS 614.5 610.8 607.1 618.9 623.3 615.2 562.42 UP

WIPRO 295.2 293.38 291.57 296.48 297.77 294.67 312.72 DOWN

WOCKPHARMA 429.8 424.68 419.57 435.43 441.07 430.32 515.77 DOWN

YESBANK 237.15 232 226.85 246.35 255.55 241.2 253.15 DOWN

ZEEL 417 411.45 405.9 423.4 429.8 417.85 459.98 DOWN


The Compass …Direction at a glance

A true Magic Carpet to sail over Global Trends…

with Quantum Global

Compass & Navigator

Compass & Navigator is a daily newsletter that provides technical update on all the major instruments of the world like Gold, Silver, Crude Oil, US Dollar Index and USD/INR. We define their support and resistance levels and attempt to forecast their movement with a short / medium term perspective. Also in the report, a trader will find bias for the mentioned instruments.

This newsletter is also quite popular with a market participant who loves to have insight & theme on MCX Gold, MCX Silver as well MCX Crude-Oil.

TRADING STRATEGYLTP S1 S2 R1 R2 Bias

MCX GOLD

MCX SILVER

MCX CRUDE OIL

MCX COPPER

MCX NATURAL GAS

USD-INR


The Compass …Direction at a glance

Instrument

Key supports now seen at 31101-31301 zone. Interweek strategy: Buy only above 32301 zone, targeting 32451 and then at 32951-33144 zone with stop at 31351.

Hurdles now at 38251 mark. Interweek strategy: Buy only above 38251 mark, targeting 39201 and then at 40001 mark with stop at 36701.

Interweek strategy: Buy on corrective declines between 4445-4501 zone, targeting 4777 mark and then aggressive targets at 4901-4905 zone with stop at 4371.

Interweek strategy: Establish long positions at CMP, targeting 459-463 zone and then aggressive targets at 471-477 zone with stop at 431.

Natural Gas prices seen at oversold conditions. Support now seen at 171-175 zone. Interweek strategy: Establish long positions at CMP, targeting 205 and then at 221-225 zone with stop at 163.

Technically, USD/INR faces major hurdles at 70.45. Major strength seen only above 70.45. Interweek Strategy: Aggressive traders can look to buy between 69.75-69.85 zone, targeting 70.45 and then 71.50. Stop 69.01.

31907 31351 31101 32301 33144 Neutral

37460 36901 36001 38251 40001 Neutral

4638 4445 4305 4777 4905 Positive

444 431 420 457 477 Positive

176.00 171.00 163.00 187.00 225.00 Neutral

70.25 69.75 69.05 70.45 72.50 Positive

MCX COPPER: Buy at CMP, targeting 459-463 zone and then aggressive targets at 471-477 zone.

TRADING STRATEGYLTP S1 S2 R1 R2

GOLD $

SILVER ($)

WTI CRUDE OIL ($ )

EUR/USD

Bias

DOW JONES

US Dollar Index


The Navigator …Sailing global trend

Instrument

Wall Street takes a breather. Hurdles for Dow Jones Index at 27100. Positive bias.

1279 1271 1251 1293 1368 Neutral

14.96 14.45 13.05 15.65 16.09 Neutral

65.79 62.5 61.05 67.5 69 Positive

1.1135 1.1201 1.1100 1.1545 1.1777 Neutral

98.16 95.00 92.75 100.00 102.50 Positive

26496 25991 24211 26701 27100 Positive

Support now seen 1271-1273 zone. Major intermonth hurdles now seen at 1368. Interweek Strategy: Buy only above 1293, targeting 1311 and then at 1359-1368 zone with stop below 1271.

Hurdles now seen at 16.09. Confirmation of major strength only above 16.09. Interweek Strategy: Buy only above 15.65, targeting 16.09 zone and then at 16.71-16.75 zone with stop below 14.91.

Key support now at 62.50-63 zone. Hurdles at 67.50. Interweek strategy: Establish buy positions between 62.50-63 zone, targeting 65 zone and then at 67-67.50 zone with strict stop at 62.05.

EUR/USD faces major hurdles at 1.1545. Major weakness seen only below 1.1201. Buying advised only above 1.1545 mark.

U.S Dollar index faces hurdles at 100. Downside well supported at 95. Establish long positions at CMP, targeting 100 and then at 102.50 with stop at 95. Positive bias.

Wall Street was seen struggling in yesterday's trade as benchmarks continued to take a breather after Tuesday's spectacular run-up. We maintain positive bias and expect Dow Jones to reclaim 27100 mark. Positive bias to continue.

Close S1 S2 R1 R2200 Day

SMA Reversal

Point TrendCommodityExchange


DAILY PIVOT TABLE

MCX ALUMINUM

MCX CARDAMOM

NCDEX CASTOR

NCDEX CHANA

MCX COPPER

MCX COTTON

MCX CRUDE-OIL

MCX GOLD

NCDEX GAUR GUM

NCDEX GAUR SEED

NCDEX JEERA

MCX LEAD

MCX MENTHA OIL

MCX NATURAL GAS

MCX NICKLE

NCDEX RM SEED

MCX SILVER

NCDEX SUGAR

NCDEX SOYA BEAN

MCX ZINC

152.85 151.15 149.45 154.25 155.65 141.53 146 DOWN

1745.3 1714.7 1684.1 1761.2 1777.1 1421.16 1794.55 UP

5802 5686.67 5571.33 5882.67 5963.33 5090.37 6082 DOWN

4423 4405.33 4387.67 4442.33 4461.67 4206.62 4540.5 DOWN

451 442.88 434.77 461.03 471.07 435.54 441.05 UP

22020 21910 21800 22120 22220 21898.5 21810 UP

4629 4595.33 4561.67 4677.33 4725.67 4325.16 4403.5 UP

31818 31598.67 31379.33 31937.67 32057.33 31359.56 32042 UP

8776 8697.33 8618.67 8847.33 8918.67 8949.09 8950 DOWN

4367.5 4318.67 4269.83 4408.17 4448.83 4299.22 4441 DOWN

17225 17040 16855 17340 17455 18055.82 16207.5 DOWN

134.05 133.32 132.58 134.77 135.48 143.41 137 UP

1499.3 1480.87 1462.43 1530.87 1562.43 1626.26 1537.7 DOWN

173.2 172.03 170.87 174.13 175.07 222.28 182.85 DOWN

867.1 862.07 857.03 871.07 875.03 877.58 901.75 DOWN

3801 3785 3769 3813 3825 3998.88 3733 DOWN

37482 37095.33 36708.67 37686.33 37890.67 38207.11 37894 UP

3050 3050 3050 3050 3050 3614.83 3015 DOWN

3725 3707 3689 3740 3755 3481.42 3752.5 UP

227.85 224.07 220.28 230.07 232.28 188.49 222.7 DOWN

Friday26th April, 2019

CORPORATE OFFICE

Quantum Global Securities Ltd.

2nd Floor, Thakur House, Ashok Nagar,

Kandivali East, Mumbai 400 101

Tel: +91 (22) 4610 6600 / 55, 4543 1600

Email: [email protected]

DISCLAIMER: This is solely for information of clients of Quantum Global Securities Ltd. and does not construe to be an investment advice. It is also not intended as an offer or solicitation for the purchase and sale of any financial instruments. Any action taken by you on the basis of the information contained herein is your responsibility alone and Quantum Global Securities Ltd., its subsidiaries or its employees or associates will not be liable in any manner for the consequences of such action taken by you. We have exercised due diligence in checking the correctness and authenticity of the information contained in this recommendation, but Quantum Global Securities Ltd. or any of its subsidiaries or associates or employees shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this recommendation or any action taken on basis of this information.

Technical analysis studies market psychology, price patterns and volume levels. It is used to forecast future price and market movements. Technical analysis is complementary to fundamental analysis and news sources. The recommendations issued herewith might be contrary to recommendations issued by Quantum Global Securities Ltd. Ltd. in the company research undertaken as the recommendations stated in this report is derived purely from technical analysis. Quantum Global Securities Ltd. has based this document on information obtained from sources it believes to be reliable but which it has not independently verified; Quantum Global Securities Ltd. makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. The opinions contained within the report are based upon publicly available information at the time of publication and are subject to change without notice. The information and any disclosures provided herein are in summary form and have been prepared for informational purposes. The recommendations and suggested price levels are intended purely for trading purposes. The recommendations are valid for the day of the report however trading trends and volumes might vary substantially on an intraday basis and the recommendations may be subject to change. The information and any disclosures provided herein may be considered confidential. Any use, distribution, modification, copying, forwarding or disclosure by any person is strictly prohibited. The information and any disclosures provided herein do not constitute a solicitation or offer to purchase or sell any security or other financial product or instrument. The current performance may be unaudited. Past performance does not guarantee future returns. There can be no assurance that investments will achieve any targeted rates of return, and there is no guarantee against the loss of your entire investment.

POTENTIAL CONFLICT OF INTEREST DISCLOSURE (as on date of report)Disclosure of interest statement – • Analyst interest of the stock /Instrument(s): - No. • Firm interest of the stock / Instrument (s): - No.


Quantum Global Securities Ltd.

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