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EPIC RESEARCH : Special-Report Of 28 May 2018

Global markets at a glance

The S&P 500 and the Dow eased on Friday after a steep drop in oil prices pressured energy stocks, but losses were limited by gains in chipmakers and retail stocks.

US crude tumbled 4 percent to settle at USD 67.88 a barrel after Saudi Arabia and Russia said they were ready to ease supply curbs that have pushed prices to their highest since 2014.

The S&P energy index slid 2.6 percent and registered its biggest daily percentage drop since early February, while Chevron dropped 3.5 percent and Exxon Mobil fell 1.9 percent and were among the biggest drags on the Dow and S&P 500.Asian shares were slightly weaker on Friday amid fragile market sentiment after US President Donald Trump called off a key summit with North Korea, though investor concerns were softened by expectations the two countries may still continue dialogue.

MSCI's broadest index of Asia-Pacific shares outside Japan ticked down. South Korea's Kospi fell 0.65 percent. Japan's Nikkei fell 0.3 percent.

On Wall Street, the S&P 500 ended 0.2 percent lower on Thursday, though it clawed back a large part of its earlier loss of 0.95 percent.The 10-year US Treasuries yield stood at 2.988 percent, falling further from a seven-year high of 3.128 percent hit a week ago.The German 10-year Bund yield hit a 4-1/2-month low of 0.461 percent, having fallen more than 11 basis points so far this week

Previous day Roundup

Bulls charged on D-Street from the word go as they helped Nifty to climb 10,550 as well as 10,600 levels on closing basis. The index which made a bullish candle on the daily charts formed a Hammer-like pattern (not exact) on the weekly charts.

The Nifty is now trading above its crucial short-term moving averages and today’s intraday low of 10,524 will be of big importance in the coming week, suggest experts. A break below this level could again put further pressure on the index amid expiry week volatility.

Index stats

The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[68.20], Consumption[61.00pts],PSE[64.40pts],CPSE[51.90 p t s ] , E n e r g y [ 2 0 1 . 8 5 p t s ] , F M C G [ 9 5 . 5 5 p t s ] , A u t o [201.40pts],Pharma[90.25pts],IT[-31.35pts],Metal [75.75pts],Realty[3.70 pts], Fin Serv sector[104.05 pts].

RECOMMENDATIONS [FUTURE]

1. GLENAMRK [FUTURE ]

In the earlier trading session pharma sector showed some strength and today it can also contunue its movement, this particular counter is making double bottom at its support level of 501, and closed above its neck line 532, here we advice you to buy GLENMARK FUTUIRE ABOVE 543 TGT 549- 555 SL BELOW 538.



2. MOTHERSUMI [FUTURE]

With a good strength in Auto sector this particular counter is has rebounded from its support level of 301 and closed with forming a bullish harami candle, so buy on strength would be a good opportunity so we advice you to BUY MOTHERSUMI FUTURE AROUND 309-310 TGT 314-318 SL BELOW 305.

STOCK RECOMMENDATION [CASH]
NIITECH [CASH]

The particular script has rebounded from its support level of 115 and closed with a good volume,so we can remark a good bullish sign so we advice you to BUY NIITECH ABOVE 119.50 TGT 121.50-124 SL BELOW 117.50

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 -

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Event Date: 28 May 2018 Contact Person: Epic Research
Venue: Email:
Country: India Tel:

Submitted by Epic Research, Epic Research Pvt.Ltd indore on Monday, 28 May 2018 at 12:14 PM
Category: Business
 
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