Epic research special report of 03 dec 2015

DAILY REPORT

03rd

NOV. 2015

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance US stocks closed sharply lower on Wednesday after hawkish comments from Janet Yellen boosted expectations of an inter-est rate hike, and oil dipped below USD 40 a barrel. Investors also attributed late-day selling to news coverage of a shooting in southern California. The S&P 500 energy index fell 3.1 per-cent, leading declines in the S&P 500 as US crude oil futures finished the session down 4.6 percent at USD 39.94. The utility index, which tends to underperform in a higher-rate environ-ment, dropped 2.2 percent. It was the day's second-worst per-forming sector, although all 10 S&P sectors ended lower. Re-cord intraday highs in Alphabet, Amazon and Netflix failed to keep the Nasdaq in positive territory. Declining issues out-numbered advancing ones on the NYSE by 2,434 to 649, while on the Nasdaq, 1,884 issues fell and 936 advanced. The S&P 500 posted 21 new 52-week highs and 13 new lows; the Nasdaq recorded 88 new highs and 65 new lows. About 7.4 billion shares changed hands on US exchanges, above the 6.8 billion daily average for the past 20 trading days European shares rose on Wednesday, buoyed by expectations of new economic stimulus measures from the ECB, while healthcare stocks outperformed on some bullish broker rec-ommendations. The FTSEurofirst 300 index and the euro zone's blue-chip Euro STOXX 50 both advanced by 0.4 percent. European stocks have risen to their highest level in around three months, helped by prospects of the announcement of new measures when the ECB meets. Previous day Roundup Equity benchmarks ended lacklustre session on a negative note Wednesday due to profit booking. The market started on a positive note after global rating agency Moody's said invest-ment levels in India are showing early signs of recovery, driven by an upturn in capital expenditure and increased public spending. However, it could not sustain positive momentum. Banking & financials and infra stocks pulled the market down while healthcare and select index heavyweights gained. The broader markets continued to outperform benchmarks. The Sensex fell 51.56 points to 26117.85 and the 50-share NSE Nifty ended below 7950 level, down 23.55 points to 7931.35. The market breadth was marginally positive as about 1484 shares advanced against 1300 declining shares on the BSE. The market shrugged off positive European cues. Index stats The Market was very volatile in last session. The sartorial indi-ces performed as follow; Consumer Durables [down 18.65pts], Capital Goods [down 103.15pts], PSU [down 42.35pts], FMCG [up 56.08Pts], Realty [up 1.46Pts], Power [up 0.99pts], Auto [down 9.87Pts], Healthcare [up 143.48Pts], IT [down 93.95pts], Metals [up 29.23Pts], TECK [down 37.68pts], Oil& Gas [up 19.46pts].

World Indices

Index Value % Change

D J l 17770 +0.07

S&P 500 2083.25 +0.08

NASDAQ 5123.22 -0.64

FTSE 100 6400.50 -0.41

Nikkei 225 19894.84 -0.22

Hong Kong 22395.23 -0.38

Top Gainers

Company CMP Change % Chg

LUPIN 1,872.25 60.70 3.35

TATASTEEL 243.40 5.85 2.46

CIPLA 657.75 9.20 1.42

MARUTI 4,619.00 62.80 1.38

RELIANCE 978.65 12.75 1.32

Top Losers


PNB 139.35 4.45 -3.09

SBIN 244.55 5.65 -2.26

BANKBARODA 173.70 3.85 -2.17

HCLTECH 860.10 17.60 -2.01

INFY 1,061.10 17.90 -1.66

Stocks at 52 Week’s HIGH

Symbol Prev. Close Change %Chg

BALPHARMA 134.00 12.15 9.97

CROMPGREAV 197.00 2.35 1.21

DEEPAKFERT 156.30 1.80 1.17

JETAIRWAYS 563.10 50.65 9.88

Indian Indices


NIFTY 7931.35 -23.55 -0.30

SENSEX 26117.85 -51.56 -0.20

Stocks at 52 Week’s LOW

Symbol Prev. Close Change %Chg

ABGSHIP 71.55 3.20 4.68

ADANIPORTS 260.20 -3.05 -1.16

BHEL 173.00 -2.45 -1.40

GLOBOFFS 356.40 11.55 3.35

RALLIS 184.10 -1.55 -0.83

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DAILY REPORT

03rd

NOV. 2015


STOCK RECOMMENDATION [CASH] 3. EDL [CASH]

EDL moving in fix price channel form last two week it cre-ate bottom near 70 while resistance at 82.50, since the volume participation is average and it near to breakout level so we can see high accumulation above 83 so buy it above 83 for target of 85 87 90 use stop loss of 81 MACRO NEWS

IPR policy to help India become innovative economy: Kant

Expect revenue growth of 13% in Oct-Dec: Cox & Kings

Expect no negative asset quality surprises in Q3: Andhra Bk

Aditya Birla Nuvo Sun Life Financial To Increase Share-holding In Birla Sun Life To 49% From 26%

Wipro to Acquire IT Consulting & Software Co Cellent AG For €73.5 m Signed An Agreement With Landesbank Ba-den-Wuerttemberg To Buy Cellent AG

Copper Producers' Association Meets Principal Secy To PM & Mines Min Officials Copper Producers' Association To Govt. Reduce Customs Duty On Copper Concentrate From 2.5% To Nil Increase Customs Duty On Copper Products From 5% To 7.5%

Sun Pharma Announces Association With World Cham-pion Snowboarder Kelly Clark For Absorica

RBI Says NRIs Can Now Invest Up To 24% In TV Today Networks

Lok Sabha Passes Air (Amendments) Bill 2015

Govt Official Says Cabinet Gives Post-facto Approval For Easing FDI Norms In 15 Sectors

Govt Hikes Cost Estimates Of 5 New IISERs by `2,299 Cr

RMZ- Essar Deal Would Be Biggest Commercial Real Es-tate Deal In Mumbai

Dena Bank Board meet today Dec 3 1. To raise AT1 capi-tal upto an amount of Rs. 1,500 cr in one or more tranche, in one or more instruments;

Thomas Cook Co to launch prepaid ‘one currency card’

STOCK RECOMMENDATIONS [FUTURE] 1. BEL [FUTURE]

BEL Future last session tested support from it’s trend, then it maintain 1216 level and finished with 1.59% loss since it near to Channel line support while Stochastic given break-down signal so we advise to sell it below 1215 for target of 1201 1180 use stop loss of 1231. 2. LUPIN [FUTURE]

LUPIN future end session near to breakout of 1885 last ses-sion it made high of 1884.10 but closed at 1877.75 these bounce arise due to short covering since index come down so with small bounce we can see 1925 level, so buy it above 1886 for target of 1896 1910 1925 use stop loss of 1874.


DAILY REPORT

03rd

NOV. 2015


FUTURE & OPTION

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 8,000 105.00 1,40,467 47,79,050

NIFTY CE 8,200 37.55 1,05,000 46,52,400

BANKNIFTY CE 18,000 113.00 34,155 4,62,150

TATASTEEL CE 250 6.35 2,522 13,58,000

GMRINFRA CE 17 1.25 1,938 2,49,99,000

RELIANCE CE 1,000 15.95 1,870 10,33,500

SBIN CE 250 5.40 1,780 29,34,000

LT CE 1,400 22.70 1,725 7,83,300

MOST ACTIVE PUT OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts

Open

Interest

NIFTY PE 7,900 102.10 1,23,768 28,37,500

NIFTY PE 7,800 69.45 1,00,084 30,67,850

BANKNIFTY PE 17,000 269.95 33,340 6,70,290

TATASTEEL PE 230 3.60 1,016 11,08,000

SBIN PE 240 4.95 978 18,04,000

MARUTI PE 4,500 54.55 914 88,375

TATAMOTORS PE 400 8.50 846 8,37,000

RELIANCE PE 940 8.10 784 2,71,500

FII DERIVATIVES STATISTICS

BUY OPEN INTEREST AT THE END OF THE DAY SELL

No. of

Contracts Amount in

Crores No. of

Contracts Amount in

Crores No. of

Contracts Amount in

Crores NET AMOUNT

INDEX FUTURES 11254 635.114 20506 1141.37 274079 16013.9 -506.26

INDEX OPTIONS 197721 11491.6 178265 10342.2 1019907 60125.6 1149.386

STOCK FUTURES 54520 2818.51 59265 3035.7 984237 49773.1 -217.191

STOCK OPTIONS 23556 1210.65 22538 1153.94 38254 1926.03 56.7079

TOTAL 482.64

STOCKS IN NEWS

Kalpataru Power Co withdraws DRHP filed with SEBI

Ajanta Pharma Gets USFDA approval for Namenda ge-neric or Memantine Hydrochloride

Bhushan Steel may get `3000 cr through asset sale

Bank Of Baroda Finance ministry orders forensic probe into Bank of Baroda forex scam

Delta Corp jumps 6%, gets license for casino in Goa hotel

NIFTY FUTURE

As expected Nifty in last trading session saw selling pres-sure and remained range bound to bearish. For now Nifty seems to be traded between 7050-8050 (support and resistance respectively). In last trading hours Nifty tried to cover, so for tomorrow we advise you to buy Nifty Future around 7940-7960 for the targets of 8030 and 8150 with strict stop loss of 7870.

INDICES R2 R1 PIVOT S1 S2

NIFTY 8,010.00 7,970.00 7,940.00 7,900.00 7,870.00

BANK NIFTY 17,590.00 17,404.00 17,284.00 17,098.00 16,978.00


DAILY REPORT

03rd

NOV. 2015


RECOMMENDATIONS

GOLD

TRADING STRATEGY:

BUY GOLD FEB ABOVE 25000 TGTS 25080,25180 SL BE-

LOW 24900

SELL GOLD FEB BELOW 24800 TGTS 24720,24620 SL

ABOVE 24890

SILVER

TRADING STRATEGY:

BUY SILVER MAR ABOVE 33400 TGTS 33700,34000 SL BE-

LOW 33100

SELL SILVER MAR BELOW 33100 TGTS 32900,33600 SL

ABOVE 33400

COMMODITY ROUNDUP Gold is treading water following a recovery in overnight trades as investors waitfor a speech from the US Fed Chief Janet Yellen. The US dollar continues to strengthen on ideas that the ECB would extend its monetary easing in order to pep up the inflation inthe region. For Gold, it is becoming increasingly clear now that bargain buying is supporting the metal at six year lows and dips can yet again witness steady demand in futures market. COMEX Gold is quoting at $1067 per ounce, up 0.33% on the day. MCX Gold futures are trad-ing at Rs 25113 per 10 grams, up nearly half a percent on the day. Gold stabilized yesterday after a tepid start to the new week as weak US economic data supported sentiments and offered continued bargain buying for the metal. After a series of gold schemes launched by the Prime Minis-ter about a month ago, there are now talks of having a gold exchange in the country. The earlier schemes were meant to utilize the gold hoarded in households and trusts and at the same time encourage the use of gold in electronic form rather than physical form as a means of saving instrument. A gold exchange will take the same idea two steps forward. First, it will ensure a fair and transparent rate between sup-pliers and consumer. Second, it will be the first point of sourcing rather than looking for imports as is the practice in the current scenario. Oil prices rose in Asia yesterday, three days before an OPEC meeting in which the cartel is expected to maintain high output levels despite a global supply glut. US benchmark West Texas Intermediate for delivery in January was up 29 cents to USD 41.94 and Brent crude for January was trading 18 cents higher at 44.79 a barrel. Ten leading Chinese copper producers, including Jiangxi Copper Corp. and Yunnan Copper Industry, agreed to re-duce refined copper output by 350,000 metric tons in 2016, the group said in a statement Tuesday. This is about 4.4% of China's total copper output for 2014, according to data from China's National Bureau of Statistics. MCX Copper was trad-ing at Rs 309.65 per kg, down 0.23%. The prices tested a high of Rs 310.65 per kg and a low of Rs 308.50. Copper prices are down 27% so far this year amid fears that slower economic growth in China would sap the country's demand for copper. China is the world's top copper consumer and No. 2 producer of the metal that goes into everything in-cluding laptops and air conditioners. Traders have worried that China's demand for copper is slowing at a time when global supplies of the metal continue to expand.


DAILY REPORT

03rd

NOV. 2015


NCDEX

NCDEX ROUNDUP

Chana prices were up 0.63 per cent to Rs 5,121 per quintal in futures trade today as participants enlarged positions, triggered by tight stocks position at the spot market on re-stricted supplies from producing belts. At the National Com-modity and Derivatives Exchange, chana for delivery in De-cember rose by Rs 32, or 0.63 per cent to Rs 5,121 per quin-tal with an open interest of 43,440 lots. The January con-tract edged up by Rs 6, or 0.12 per cent to Rs 4,916 per quintal in 30,320 lots. Analysts attributed the rise in chana prices to tight stocks position on restricted supplies from producing regions against upsurge in demand.

Buoyancy continued in jeera market due to anticipation of weak production estimates along with weak stocks in local mandies. The sources stated that overall acreage of jeera is likely to decline by 15-20 percent as jeera area will be shifted towards castor seed for better returns. Moreover, he total stocks of around 36 lakh bags of jeera have been reported in local mandies , down 11 lakh bags from the last year in the same period. The NCDEX December futures in-creased by 1.04 percent today to trade at Rs 16075 per quintal.

Extending gains for the second straight day, cardamomprices advanced by 0.63 per cent to Rs 671 per kg in futures trading today as speculators enlarged posi-tions on the back of rising demand in the spot market. At Multi Commodity Exchange, cardamom for delivery in De-cember month gained Rs 4.20, or 0.63 per cent to Rs 671 per kg in 114 lots. Apart from a firm trend at spot market on rising demand, restricted supplies from producing regions mainly kept cardamom prices higher at futures trade.

NCDEX INDICES

Index Value % Change

CAETOR SEED 3855 +0.21

CHANA 5121 +0.63

CORIANDER 10146 -2.07

COTTON SEED 1741 +0.17

GUAR SEED 3380 -0.91

JEERA 15840 +1.05

MUSTARDSEED 4768 -0.44

REF. SOY OIL 623.6 +0.35

SUGAR M GRADE 2748 +0.62

TURMERIC 9334 +1.74

RECOMMENDATIONS

DHANIYA

BUY CORIANDER DEC ABOVE 10350 TARGET 10395 10545

SL BELOW 10285

SELL CORIANDER DEC BELOW 10085 TARGET 10040 9890

SL ABOVE 10150

GUARSGUM

BUY GUARGUM DEC ABOVE 6750 TARGET 6800 6870 SL

BELOW 6690

SELL GUARGUM DEC BELOW 6520 TARGET 6470 6400 SL

ABOVE 6580


DAILY REPORT

03rd

NOV. 2015


RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 66.6158 Yen-100 54.1200

Euro 70.6660 GBP 100.3434

CURRENCY

USD/INR

BUY USD/INR DEC ABOVE 66.96 TARGET 67.09 67.24 SL BE-

LOW 66.76

SELL USD/INR DEC BELOW 66.85 TARGET 66.72 66.57 SL

ABOVE 67.05

EUR/INR

BUY EUR/INR DEC ABOVE 70.93 TARGET 71.08 71.28 SL BE-

LOW 70.73

SELL EUR/INR DEC BELOW 70.8 TARGET 70.65 70.45 SL

ABOVE 71

CURRENCY MARKET UPDATES:

Snapping its two-day winning spree against the American

currency, the rupee dropped 10 paise to end at 66.59 on

renewed demand for the dollar from banks and importers

amid higher greenback overseas. Persistent foreign capital

outflows also affected the market sentiment.

The domestic currency yesterday resumed lower at 66.52

as against yesterday’s closing level of 66.49 at the Inter-

bank Foreign Exchange market and dropped further to

66.67 per dollar before ending at 66.59, showing a loss of

10 paise or 0.15 per cent. The rupee had gained 27 paise,

or 0.40 per cent, in the previous two days. The domestic

currency moved in a range of 66.46 and 66.67 per dollar

during the day.

The dollar index was higher by 0.26 per cent against a bas-

ket of six currencies in the late afternoon trade. In the

overseas market, the dollar was slightly higher against the

yen and the euro, as investors awaited key events later this

week such as the US jobs data. Although investors have

already increased their bets that the US Fed will start rais-

ing rates in the middle of this month, the pace of dollar

purchases has slowed after a downbeat US manufacturing

report hinted at gradual US rate increases next year. The

trading range for the spot USD/INR pair is expected to be

within 66 to 66.75 levels.

In forward market yeterday, premium for dollar showed a

mixed trend due to uneven demand and supply transac-

tions. The benchmark six-month premium payable in May

eased to 207-209 paise from 208-210 paise yesterday

while far forward November 2016 contract moved up to

415.5-417.5 paise from 414-416 paise.

The rupee recovered against the pound sterling to end at

100.15 from 100.28 yesterday but declined against the

euro to settle at 70.57 as against 70.45. However, the do-

mestic currency declined against the Japanese currency to

close at 54.09 per 100 yen from 53.99.


DAILY REPORT

03rd

NOV. 2015


Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

02/12/15 NCDEX DHANIYA DEC. BUY 10360 10405-10555 10295 BOOKED PROFIT

02/12/15 NCDEX DHANIYA DEC. SELL 10150 10105-9955 10215 BOOKED PROFIT

02/12/15 NCDEX GUARGUM DEC. BUY 6700 6750-6820 6640 SL TRIGGERED

02/12/15 NCDEX GUARGUM DEC. SELL 6590 6540-6470 6650 SL TRIGGERED

02/12/15 MCX GOLD DEC. BUY 25000 25080-25180 24900 SL TRIGGERED

02/12/15 MCX GOLD DEC. SELL 24800 24720-24620 24890 BOOKED PROFIT

02/12/15 MCX SILVER DEC. BUY 33400 33700-34000 33100 BOOKED PROFIT

02/12/15 MCX SILVER DEC. SELL 33100 32900-33600 33400 NO PROFIT NO LOSS

02/12/15 USD/INR DEC. BUY 66.91 67.04-67.19 66.71 NO PROFIT NO LOSS

02/12/15 USD/INR DEC. SELL 66.73 66.6-66.45 66.93 NOT EXECUTED

02/12/15 EUR/INR DEC. BUY 71.05 71.20-71.40 70.85 NO PROFIT NO LOSS

02/12/15 EUR/INR DEC. SELL 70.81 70.66-70.46 71.01 NOT EXECUTED

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

02/12/15 NIFTY FUTURE SELL 8090 8000-79000 7200 NOT EXECUTED

02/12/15 VOLTAS FUTURE BUY 290 293-296 286 NOT EXECUTED

02/12/15 BEML FUTURE SELL 1129 1120-1090 1142 BOOKED PROFIT

02/12/15 BALAJI TELE CASH BUY 147 149-152 144 NOT EXECUTED

01/12/15 NIFTY FUTURE BUY 7950-7970 8040-8150 7850 CALL OPEN

01/12/15 FEDDERLOY CASH BUY 96-96.5 98.5-101 94 BOOKED FULL PROFIT

30/11/15 NIFTY FUTURE BUY 7950-7970 8040-8150 7850 CALL OPEN

27/11/15 NIFTY FUTURE SELL 7920 7850-7750 8010 CALL OPEN


DAILY REPORT

03rd

NOV. 2015


NEXT WEEK'S U.S. ECONOMIC REPORTS

ECONOMIC CALENDAR

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Disclaimer

TIME REPORT PERIOD ACTUAL CONSENSUS

FORECAST PREVIOUS

MONDAY, NOV. 30

NONE SCHEDULED

TUESDAY, DEC. 01

10 AM ISM NOV. 50.6% 50.1%

10 AM CONSTRUCTION SPENDING OCT. 0.4% 0.6%

TBA MOTOR VEHICLE SALES NOV. 17.9 MLN 18.1 MLN

WEDNESDAY, DEC. 02

8:30 AM PRODUCTIVITY Q3 2.0% 1.6%

8:30 AM UNIT LABOR COSTS Q3 1.6% 1.4%

THURSDAY, DEC. 03

8:30 AM WEEKLY JOBLESS CLAIMS NOV. 28 N/A N/A

10 AM ISM NONMANUFACTURING NOV. 61.0% 59.1%

10 AM FACTORY ORDERS OCT. 1.6% 1.4%

FRIDAY, DEC. 04

8:30 AM NONFARM PAYROLLS NOV. 205,000 271,000

8:30 AM UNEMPLOYMENT RATE NOV. 5.0% 5.0%

8:30 AM AVERAGE HOURLY EARNINGS NOV. 0.2% 0.4%

8:30 AM TRADE DEFICIT OCT. -$42.8 BLN -$40.8 BLN


Epic research special report of 03 dec 2015

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Transcript of Epic research special report of 03 dec 2015