Epic Research

Tuesday, June 18, 2019

Asia stocks capped ahead of Fed, oil on defensive

Investor caution ahead of the Federal Reserve's interest rate meeting capped Asian stocks on Tuesday, while crude oil prices retreated as global growth worries overshadowed supply concerns stemming from recent Middle East tensions.

MSCI's broadest index of Asia-Pacific shares outside Japan inched up 0.05%.

Australian stocks added 0.1% while Japan's Nikkei dipped 0.05%.

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Global Stocks, yields dip with Fed meeting on tap

A gauge of global stock markets dipped slightly on Monday after a mostly strong month and

benchmark U.S. bond yields edged lower as investors awaited developments this week from central banks in the United States and elsewhere.

Oil prices slumped as more poor Chinese economic figures fanned fears of lower worldwide oil demand.

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Epic Research Opening Bell 18th June 2019

NIFTY OPEN @ 11677.05 (+4.90)
SENSEX OPEN @ 39056.98 (+96.19)
BANK NIFTY OPEN @ 30299.45 (+26.20)

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Monday, June 17, 2019

Stocks Ideas for Tomorrow 18 June 2019 by Epic Research

CHAMBLFERT - Stock has shown good strength in the bearish market and closed near to days high with good volumes. It formed bullish engulfing on the daily chart. We recommend buying above 177 for the target of 180 with the stop loss of 173.50.

ADANIPORTS - Stock was quite negative throughout the day with average volumes and consolidating on the daily chart. It is forming a flag on the hourly and daily chart. We recommend buying above 430 for the target of 440 with the stop loss of 425.

HEXAWARE - Stock is consolidating for more than a week and took the support of the trendline on the daily chart. The RSI is also showing strength on the daily chart. We recommend buying above 358 for the target of 362 with the stop loss of 354.

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NIFTY TOP GAINER & TOP LOSERS

TOP GAINERS –

YESBANK +0.74%, ZEEL +0.36%, COALINDIA +0.14%, WIPRO +0.12%.

TOP LOSERS –

TATASTEEL – 5.78%, JSWSTEEL – 3.78%, TATAMOTORS – 3.47%, IBULHSGFIN – 3.46%, ONGC – 3.25%.

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Epic Research Closing Bell

NIFTY CLOSE @ 11672.15 (-151.15)
SENSEX CLOSE @ 38960.79 (- 491.28)
BANK NIFTY CLOSE @ 30273.25 (-341.10)

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Warburg Pincus, Blackstone & Apax Partners may invest up to $750m in Yes Bank

Private equity investors Blackstone Group, Apax Partners and Warburg Pincus are seeking more

details of Yes Bank’s exposure to stressed loan accounts before committing to an equity infusion, potentially delaying the lender’s fundraising plan, two people directly aware of the negotiations said.

The buyout firms are looking to invest between $500 million and $750 million in Yes Bank, depending on the final valuation, the people said on condition of anonymity.

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