Epic research special report of 04 aug 2015

DAILY REPORT

04th

AUG. 2015

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Global markets at a glance

Asian shares edged lower on Tuesday after downbeat eco-nomic data pressured Wall Street ahead of key U.S. jobs data later this week that could provide a key clue to the timing of the U.S. Federal Reserve's interest rate increase. MSCI's broadest index of Asia-Pacific shares outside Japan MIAPJ0000PUS was down 0.2 percent in early trading, while Japan's Nikkei stock index slipped 0.5 percent, after breaking a three-day winning streak in the previous ses-sion.

U.S. equities markets logged solid losses on Monday, after manufacturing data from China and U.S. figures released on Monday both disappointed. The Institute for Supply Management's index of national factory activity slipped to 52.7 in July, falling short of expectations that it would match last month's reading of 53.5. The weak reading, combined with the rout in oil prices that raised fears of dis-inflation, led investors to pare bets that the U.S Federal Reserve's long-awaited interest rate hike will come as early as September.

European shares rose on Monday, shrugging off a slump for the Greek stock market when it reopened after a five-week shutdown, as strong results from Heineken and banks sup-ported the broader market. The pan-European FTSEurofirst 300 index rose 0.7 percent to 1,583.52 points. The euro zone's blue-chip Euro STOXX 50 index gained 1 percent, Germany's DAX advanced 1.2 percent and France's CAC 0.8 percent. The STOXX European 600 Banking Index gained 0.5 percent. Shares in HSBC edged up after the bank reported higher first-half earnings and announced the sale of its Bra-zilian unit to Banco Bradesco SA for $5.2 billion.

Previous day Roundup

The market ended with gains ahead of monetary policy re-view tomorrow. The Sensex ended up 72.50 points at 28187.06 and the Nifty was up 10.20 points at 8543.05. About 1775 shares advanced, 1147 shares declined, and 148 shares are unchanged.

Index stats

The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 151.42pts], Capital Goods [up 60.95pts], PSU [up 39.72pts], FMCG [up 23.33pts], Realty [up 4.29pts], Power [up 15.08pts], Auto [up 139.27pts], Healthcare [up 56.47Pts], IT [down 58.81pts], Metals [down 93.86pts], TECK [down 17.15pts], Oil& Gas [down 50.20pts].

World Indices

Index Value % Change

D J l 17598.20 -0.52

S&P 500 2098.04 -0.28

NASDAQ 5115.38 -0.25

FTSE 100 6688.62 -0.11

Nikkei 225 20526.94 -0.10

Hong Kong 24328.75 -0.34

Top Gainers

Company CMP Change % Chg

SBIN 281.25 11.20 4.15

BANKBARODA 184.80 7.30 4.11

ICICIBANK 312.25 9.85 3.26

PNB 155.00 4.00 2.65

BOSCHLTD 25,300.00 630.30 2.55

Top Losers


DRREDDY 4,163.65 87.55 2.15

IBULHSGFIN 759.20 21.00 2.84

JUBILANT 274.55 10.60 4.02

LICHSGFIN 514.40 15.20 3.04

MARUTI 4,434.00 102.55 2.37

Stocks at 52 Week’s HIGH

Symbol Prev. Close Change %Chg

DRREDDY 4,163.65 87.55 2.15

IBULHSGFIN 759.20 21.00 2.84

JUBILANT 274.55 10.60 4.02

LICHSGFIN 514.40 15.20 3.04

Indian Indices


NIFTY 8543.05 +10.20 +0.12

SENSEX 28187.06 +72.50 +0.26

Stocks at 52 Week’s LOW

Symbol Prev. Close Change %Chg

NMDC 101.35 -0.55 -0.54

TITAN 316.70 -6.95 -2.15

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DAILY REPORT

04th

AUG. 2015


STOCK RECOMMENDATION [CASH]

1. JUBILANT (CASH)

After consolidating around 270 Jubilant given breakout today and finished at 275.80 with 4.49% gain on EOD chart, Today it made new 52 week high of 277.90 since still momentum indicator showing positive move so we advise so to buy it above 278 use strict stop loss of 274 for target of 281-285-290

MACRO NEWS

Results today: Bharti Airtel , Britannia Industries , Fu-ture Lifestyle Fashions, Godrej Properties, Hexaware Technologies, JK Tyre, Torrent Power, TV Today, Astra-Zeneca, Capital First, Clariant Chemicals, EID Parry, EIH, ENIL, Grindwell, Hinduja Ventures, IITL, Indian Hume Pipe, Mangalam Drugs, MEP Infrastructure, MM For-gings, Multibase, Orient Cement, Peninsula Land, SPIC, Sundaram Clayton, Tamilnadu Petro, Oudh Sugar Mills

RBI likely to cut rate by 0.25% today in monetary policy around 11 a.m.

FinMin to give Rs 1,300 cr kerosene subsidy

Bharatmala project: Govt to develop 7,000 kms of NHs for Rs 80,000 cr

CBI says Loop Telecom Ltd was front company for Essar

FDI in petroleum and gas sector jumps 10 times

Reliance, Essar Oil to supply diesel to Railways

Mahindra Two Wheelers sales up 10.22 per cent in July

Berger Paints India plans 2 new plants in Assam

Centre has identified 200 sites for new thermal power projects

Hero Motocorp Q1 -Net profit up 33.3% at Rs 750.3cr vs Rs 562.7cr (YoY)

STOCK RECOMMENDATIONS [FUTURE]

1. HCL TECH [FUTURE]

Due to below expectation result of Q1 HCL TECH future to-day faced selling pressure and finished with 5.76% loss and on EOD chart it is forming channel so we can see breakdown for that we advise to sell it around 945-948 use stop loss of 963 for target of 935-920-900

2. TVS MOTOR [FUTURE]

TVS FUTURE today finished at 230.10 with 3.32% loss on EOD daily and technically it given breakdown of inverted pennant so for it is looking more weak so we advise to sell it around 233-234 with stop loss of 238 for target of 230-227-224


DAILY REPORT

04th

AUG. 2015


FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 8,300 9.00 12,62,696 55,89,025

NIFTY PE 8,400 36.70 8,79,465 38,57,525

BANKNIFTY PE 18,000 16.00 89,315 7,89,000

YESBANK PE 800 2.80 11,424 6,93,750

RELIANCE PE 1,000 6.90 6,247 6,57,750

MARUTI PE 4,200 3.95 5,987 1,80,375

YESBANK PE 780 0.75 5,401 2,93,000

SBIN PE 250 0.85 3,723 11,90,000

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 8,400 24.50 17,37,962 60,13,125

NIFTY CE 8,300 91.50 5,79,894 17,08,950

BANKNIFTY CE 18,500 21.95 1,35,175 6,20,750

YESBANK CE 820 5.65 11,603 5,56,250

MARUTI CE 4,300 10.50 9,536 1,24,375

INFY CE 1,100 3.25 8,533 8,88,250

RELAINCE CE 1,020 1.35 7,895 10,03,250

SBIN CE 260 0.40 7,409 24,09,000

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 31175 933.05 41033 1121.37 617532 14735.45 -188.32

INDEX OPTIONS 251502 6365.36 235054 5776.83 2313646 62203.07 588.52

STOCK FUTURES 114848 3270.48 100562 2807.53 1766997 49109.09 462.94

STOCK OPTIONS 56198 1544.23 58207 1592.75 62557 1721.60 -48.52

TOTAL 814.62

STOCKS IN NEWS Bharti Airtel Q1 net seen up 6%, Africa may remain

sluggish HCL Tech Q4 net up 5.9% to Rs 1783 cr, revenue

meets street Welspun Renewables commissions 34 MW solar pro-

ject in Punjab GSK halves seretide price to take on Cipla HDFC Bank ties up with Snapdeal for co-branded

credit card NIFTY FUTURE

NIFTY FUTURE in last trading session remained steady with an upward touch and gave somewhat positive clos-ing. Having broken a strong resistance of 8500, it has closed in green though not with strongly bullish candle-sticks but overall Nifty seems to go up. So we advise you to buy it around 8550 for targets of 8650 and 8750 with strict stop loss of 8400

INDICES R2 R1 PIVOT S1 S2

NIFTY 8,594.20 8,568.60 8,538.35 8,512.75 8,482.50

BANK NIFTY 19138.15 19026.15 19904.40 18792.40 18670.65


DAILY REPORT

04th

AUG. 2015


RECOMMENDATIONS

GOLD

TRADING STRATEGY:

BUY GOLD OCT ABOVE 24980 TGTS 25060,25160 SL BE-

LOW 24890

SELL GOLD OCT BELOW 24900 TGTS 24820,24720 SL

ABOVE 24990

SILVER

TRADING STRATEGY:

BUY SILVER SEP ABOVE 33600 TGTS 33800,34100 SL BE-

LOW 33300

SELL SILVER SEP BELOW 33400 TGTS 33200,32900 SL

ABOVE 33700

COMMODITY ROUNDUP

COMEX Gold dropped as traders turned their back towards the metal after the failure of the commodity to break above $1100 per ounce. The US dollar eased swiftly and helped Gold launch an amazing turnaround from its five and half year lows near $1080 per ounce in the last session. Poor demand and lack of speculative buying had hit the metal before the latest reprieve. The commodity is quoting at $1092 per ounce right now, down 0.26% on the day. MCX Gold futures for October ended above the key Rs25000 per 10 grams in the last session, up nearly Rs 100 on the day. However, the counter as dropped under this mark today and currently quotes at Rs 24950 per 10 grams, down0.24% on the day. MCX Silver futures are trading at Rs 33845 per kg, down 0.53% on the day.

Oil prices fell in Asia today on persistent concerns about the global supply glut after the OPEC cartel's indication that it will not budge from its current lofty output levels.

Among other metals, Aluminium production is on an ele-vated levels and drastic respite from this is unlikely even though there has been some declines noted. However the prices will be keenly eyeing the upcoming events in terms of the production especially from China. In Aluminium, pro-duction numbers are worrisome and can halt the journey in coming days.

Copper prices in July 2015 settled at $ 5467.68 per tonne, down 23% from last year. The prices were $ 7104.5 per tonne during same time last year. The LME's three-month copper contract was down 1.2% at $5,165 a metric ton in morning European trading, having dipped to a low of $5,142 a ton. The prices of Copper declined by 6.2% from June 2015 when they were $ 5833.61 per tonne. On Monday, MCX Copper was trading at Rs 333.75 per kg, down 0.5%.

Copper sank to six year lows on LME today, while other ex-changes also faced collapse after China reported yet an-other depletion in the PMI numbers. The official PMI num-bers of China declined in the month of July 2015 causing panic selling in commodities like Copper and Aluminium. The Caixin China manufacturing PMI, fell to a final reading of 47.8 in July, a two-year low. A number below 50 indicates economic contraction. This followed Saturday's announce-ment by the government's National Bureau of Statistics that China's official PMI slipped to 50 in July from 50.2 in June.


DAILY REPORT

04th

AUG. 2015


NCDEX

RECOMMENDATIONS

DHANIYA

BUY CORIANDER SEP ABOVE 11129 TARGET 11154 11194

SL BELOW 11099

SELL CORIANDER SEP BELOW 10960 TARGET 10935 10895

SL ABOVE 10990

GUARSGUM

BUY GUARGUM OCT ABOVE 8220 TARGET 8270 8340 SL

BELOW 8160

SELL GUARGUM OCT BELOW 7980 TARGET 7930 7860 SL

ABOVE 8040

NCDEX ROUNDUP

Fresh short position was seen in chana futures due to

steady sowing progress of kharif pulses in major producing

regions along with surge in daily arrivals in local mandies.

The NCDEX Chana futures declined by 0.20% today. As per

the latest release from Ministry of Agriculture, the total

pulses sown area as on 28th July increased by 21 percent to

reach 68.20 lakh tonnes. This was mainly due to favorable

rainfall in major pulses growing states such as Maharashtra

and Andhra Pradesh. The prices were also dampened by

strong supplies in local mandies. The daily arrivals of chana

at Delhi mandi were stood higher at 50 motors as traders

are expecting some strong measures to be taken by Indian

Food Ministry to increase pulses supplies in domestic mar-

ket. The NCDEX September Chana futures settled at Rs 4650

per quintal , down 0.20% from the last day. The NCDEX fu-

tures added 9.16 percent in open interest indicating fresh

short position by traders.

Pepper prices in Lampung and Bangka increased steadily,

though market players tracked the new arrivals from initial

harvest. Local price of black Pepper in Lampung was IDR

112,500 per Kg this week and IDR 172,000 per Kg for white

Pepper in Bangka, showing a marginal decrease of 1% from

the average price last week. In Vietnam the price of black

and white Pepper remained stable. In Sarawak, except local

price of black Pepper, the prices were also reported stable.

Indian pepper continued to rule steady at around $11.25

per kg. Indian pepper prices are up 10% over the year.

NCDEX INDICES

Index Value % Change

CAETOR SEED 4010 +0.58

CHANA 4581 -0.04

CORIANDER 10813 -4.00

COTTON SEED 1920 -1.69

GUAR SEED 3625 +1.74

JEERA 15230 +0.76

MUSTARDSEED 4174 -0.55

REF. SOY OIL 567 -1.34

SUGAR M GRADE 7328 +3.97

TURMERIC 1496 -1.25


DAILY REPORT

04th

AUG. 2015


RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 63.9623 Yen-100 51.5600

Euro 70.1602 GBP 99.9347

CURRENCY

USD/INR

BUY USD/INR AUG ABOVE 64.38 TARGET 64.51 64.66 SL BE-

LOW 64.18

SELL USD/INR AUG BELOW 64.32 TARGET 64.19 64.04 SL

ABOVE 64.52

EUR/INR

BUY EUR/INR AUG ABOVE 70.62 TARGET 70.77 70.97 SL BE-

LOW 70.42

SELL EUR/INR AUG BELOW 70.44 TARGET 70.29 70.09 SL

ABOVE 70.64

CURRENCY MARKET UPDATES:

Snapping its two-day losing streak, the rupee recovered by 9 paise at 64.04 against the US dollar on fresh selling of the greenback by banks and exporters on hopes of fresh for-

eign capital inflows into equity markets. The rupee opened higher at 64.01 as against last weekend's level of 64.13 at the interbank foreign exchange market and hovered in a range of 63.92 and 64.07 before concluding at 64.04,

showing a gain of 9 paise, or 0.14 per cent. The local cur-

rency had lost 22 paise, or 0.34 per cent, in the previous

two days. The rupee firmed up further against the pound sterling to close at 99.73 from 99.86 on last Friday and re-

covered against the euro to 70.18 from 70.33. It also moved up against the Japanese currency to 51.55 per 100

yen from 51.58 previously.

The US dollar climbed higher on Monday, following data

that showed U.S. personal spending rose in line with ex-pectations in June, fuelling optimism over the strength of

the economy. Data showed that U.S. personal spending rose 0.2% in June, in line with expectations. Personal

spending increased by 0.7% in May, whose figure was re-vised from a previously estimated gain of 0.9%. The dollar was higher against the pound, with GBP/USD shedding

0.33% to 1.5576. Research group Markit reported on Mon-

day that the U.K. manufacturing PMI ticked up to 51.9 last

month from 51.4 in June, which was the lowest level in over two years. As against the yen, dollar rose, with USD/JPY up 0.34% to 124.24.

The dollar index was up by 0.24 per cent against a basket of six currencies in late afternoon trade.

The Canadian dollar was buying C$1.3159 per U.S. dol-lar CAD=D4, after it notched 11-year years lows overnight with Canadian markets shut for a public holiday. The Aus-

tralian dollar last traded at $0.7271 AUD=D4, down about

0.2 percent on the day and moving back towards last week's six-year low of $0.7234 as investors awaited the

outcome of the Reserve Bank of Australia's policy meeting at 0430 GMT.


DAILY REPORT

04th

AUG. 2015


CALL REPORT

S T O

PERFORMANCE UPDATES

Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

03/08/15 NCDEX DHANIYA SEPT. BUY 11410 11435-11475 11380 NOT EXECUTED

03/08/15 NCDEX DHANIYA SEPT. SELL 11225 11200-11160 11255 BOOKED FULL PROFIT

03/08/15 NCDEX GUARGUM OCT. BUY 8170 8220-8290 8110 BOOKED PROFIT

03/08/15 NCDEX GUARGUM OCT. SELL 7980 7930-7860 8040 BOOKED PROFIT

03/08/15 MCX GOLD AUG. BUY 24900 24720-24620 24810 NOT EXECUTED

03/08/15 MCX GOLD AUG. SELL 24800 24720-24620 24890 BOOKED PROFIT

03/08/15 MCX SILVER SEPT. BUY 34100 34300-34600 33800 NOT EXECUTED

03/08/15 MCX SILVER SEPT. SELL 34000 33800-33500 34300 NOT EXECUTED

03/08/15 USD/INR AUG. BUY 64.55 64.68-64.83 64.35 NOT EXECUTED

03/08/15 USD/INR AUG. SELL 64.40 64.27-64.12 64.60 NOT EXECUTED

03/08/15 EUR/INR AUG. BUY 70.90 71.05-71.25 70.70 NOT EXECUTED

03/08/15 EUR/INR AUG. SELL 70.68 70.53-70.33 70.88 NOT EXECUTED

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

03/08/15 NIFTY FUTURE BUY 8550 8650-8750 8400 CALL OPEN

03/08/15 TCS FUTURE SELL 2490-2500 2520-2540 2470 NOT EXECUTED

03/08/15 FEDERAL BANK FUTURE SELL 69-69.25 68-67 70.25 NOT EXECUTED

03/08/15 RAJESH EXPORT CASH BUY 530 537-545 520 BOOKED FULL PROFIT


DAILY REPORT

04th

AUG. 2015


NEXT WEEK'S U.S. ECONOMIC REPORTS

ECONOMIC CALENDAR

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Disclaimer

TIME REPORT PERIOD ACTUAL CONSENSUS

FORECAST PREVIOUS

MONDAY, AUG. 03

8:30 AM PERSONAL INCOME JUNE 0.4% 0.5%

8:30 AM CONSUMER SPENDING JUNE 0.2% 0.9%

8:30 AM CORE INFLATION JUNE 0.1% 0.1%

9:45 AM MARKIT PMI JULY -- 53.8

10 AM ISM JULY 53.2% 53.5%

10 AM CONSTRUCTION SPENDING JUNE 0.7% 0.8%

TBA MOTOR VEHICLE SALES JULY 17.2 MLN 17.1 MLN

TUESDAY, AUG. 04

10 AM FACTORY ORDERS JUNE 1.5% -1.0%

WEDNESDAY, AUG. 05

8:15 AM ADP EMPLOYMENT JULY -- 237,000

8:30 AM TRADE DEFICIT JUNE -$45.8 BLN -$41.9 BLN

10 AM ISM MANUFACTURING JULY 56.0% 56.0%

THURSDAY, AUG. 06

8:30 AM WEEKLY JOBLESS CLAIMS AUG. 1 N/A N/A

FRIDAY, AUG. 07

8:30 AM NONFARM PAYROLLS JULY 215,000 223,000

8:30 AM UNEMPLOYMENT RATE JULY 5.3% 5.3%

8:30 AM AVERAGE HOURLY EARNINGS JULY 0.2% 0.0%

3 PM CONSUMER CREDIT JUNE -- $16 BLN


Epic research special report of 04 aug 2015

Business

Transcript of Epic research special report of 04 aug 2015