Epic research special report of 14 sep 2015
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Transcript of Epic research special report of 14 sep 2015
DAILY REPORT
14th
SEPT. 2015
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance
US stocks rose on Friday and the S&P 500 posted its biggest weekly gain since July as investors weighed whether the Federal Reserve will raise interest rates next week. Energy shares dropped, however, after Goldman Sachs cut its oil price forecast through next year. Eight of the 10 S&P 500 sectors closed higher, led by gains in utilities, which tend to rise as bond yields fall. The index ended up 0.8 percent, while 10-year US Treasury note US10YT=RR yields dipped. The Dow Jones industrial average rose 102.69 points, or 0.63 percent, to 16,433.09, the S&P 500 gained 8.76 points, or 0.45 percent, to 1,961.05 and the Nasdaq Composite added 26.09 points, or 0.54 percent, to 4,822.34. For the week, the S&P was up 2.1 percent and the Nasdaq rose 3.0 percent, registering their biggest weekly percentage gains since mid-July. The Dow was up 2.1 percent for the week,
its best weekly percentage increase since late March. Vol-ume was light. About 6.0 billion shares changed hands on US exchanges, compared with the 8.0 billion daily average for the past 20 trading days.
European shares fell for a second straight day on Friday, led lower by Swiss drugmaker Actelion, but the FTSEurofirst 300 index still recorded its biggest weekly rise since July. The FTSEurofirst 300 ended 1 percent lower at 1,401.07 points, but rose 0.7 percent on the week. Equities had been
under pressure from concern that China's growth is falter-ing.
Previous day Roundup
After a consolidation, equity benchmarks ended Friday's session on a flat note ahead of July industrial output data due later today. Capital goods, metals and private banks wiped out morning gains while technology and select
pharma stocks supported the market. The 30-share BSE Sensex settled at 25610.21, down 11.96 points after rising more than 200 points in early trade. The 50-share NSE Nifty rose 1.20 points to 7789.30 after seeing an intraday high of 7864.85.
Index stats
The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [UP 31.78pts], Capital Goods [down 83.76pts], PSU [down 3.49pts], FMCG [UP 31.11pts], Realty [UP 9.39pts], Power [down 1.77pts], Auto [down 50.82Pts], Healthcare [UP 28.22Pts], IT [UP 47.87pts], Metals [down 111.76pts], TECK [UP 11.62pts], Oil& Gas [down 27.87pts].
World Indices
Index Value % Change
D J l 16433.09 +0.63
S&P 500 1961.05 +0.45
NASDAQ 4822.34 +0.54
FTSE 100 6117.76 -0.62
Nikkei 225 18173.14 -0.50
Hong Kong 21626.91 +0.57
Top Gainers
Company CMP Change % Chg
NMDC 95.95 100.00 +4.22%
LUPIN 1,795.35 1,860.85 +3.65%
ITC 316.90 327.00 +3.19%
COALINDIA 355.65 327.00 +0.53%
Top Losers
Company CMP Change % Chg
PNB 168.00 143.25 -14.73%
YES BANK 774.25 676.70 -12.60%
GAIL INDIA 329.90 289.05 -12.38%
INDUSIND BANK 957.45 847.65 -11.47%
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
BAJAJCORP 486.05 8.95 +1.84%
ESCORTS 171.45 -4.70 -2.74%
JUBLINDS 274.60 27.45 +10.00%
VRLLOG 414.30 35.70 +8.62%
Indian Indices
Company CMP Change % Chg
NIFTY 8,001.95 +53.00 +0.67%
SENSEX 26,392.38 +161.19 +0.61%
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
GAIL INDIA 329.90 289.05 -12.38%
INDUSIND BANK 957.45 847.65 -11.47%
BANK OF BARODA 208.75 185.20 -11.28%
L&T 1,814.70 1,616.45 -10.92%
DAILY REPORT
14th
SEPT. 2015
YOUR MINTVISORY Call us at +91-731-6642300
STOCK RECOMMENDATION [CASH]
1. BALAJITELE {CASH}
Last week BALAJITELE create bottom around 70 and given bounce for that it create double bottom formation on EOD chart while at last session it finished around 3% gain with bullish hammer candle so it will be good to buy above 81.70 for target of 83-85-87 use stop loss of 79.90
MACRO NEWS
Coal imports rise 2% to 18.6 MT in August
Amtek Auto jumps 70% on preferential allotment to pro-moters
Citi made $35 mn ahead of client's M&A deal
Cochin Shipyard build 4 ships for Andaman at Rs 1,400cr
RBI Guv likely to get casting vote in 7-member MPC
JK Group to buy Kesoram's Haridwar tyre unit for Rs 2,200 cr
Atlas Group probe: Govt transfers BoB executive director
Punj Lloyd arms move Singapore HC for arrangement with creditors
GE Capital plans to pull out of its credit card JV with State Bank of India, SBI Cards
Govt to auction 27 oil fields off Mumbai, 15 in KG basin
Machinery companies like L&T, Godrej seek PM’s inter-vention to withdraw draft order on steel quality
HUL to bring back Ayush with its first exclusive e-commerce launch
Godrej Locking aims to be Rs 1,000 cr firm in next 2 years
Maruti Suzuki Ciaz Smart Hybrid
Hero Electric ups focus on e-commerce route to boost sales
STOCK RECOMMENDATIONS [FUTURE] 1. BATA INDIA [FUTURE]
BATAINDIA FUTURE again finished with doji candle on EOD chart while before last session it got support from 988 and at last Monday it broke this level but again given bounce from 970 since breakout will be come above 1040 but the risk will be big so buy it in decline around 1000 use stop loss of 980 for target of 1020-1040 2. CESC [FUTURE]
CESC Future finished flat at last session and create descend-ing triangle pattern on EOD chart but it made dragon fly doji from breakdown level of 480 while it has resistance around 500-505 so sell it around 500-505 use stop loss of 510 for target of 490-480 & below 480 it may give target up to 450.
DAILY REPORT
14th
SEPT. 2015
YOUR MINTVISORY Call us at +91-731-6642300
FUTURE & OPTION
MOST ACTIVE PUT OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 8,500 32.30 14,91,436 56,15,725
NIFTY CE 8,600 12.20 10,94,551 58,37,250
BANKNIFTY CE 19,000 32.20 1,32,123 9,70,350
RELIACNE CE 960 3.30 9,372 13,09,000
LUPIN CE 1,900 38.40 8,111 89,500
SBIN CE 280 2.60 7,032 38,04,000
SUNPHARMA CE 960 10.10 5,494 2,60,000
HINDUNILVR CE 900 6.70 5,208 6,02,750
MOST ACTIVE CALL OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY PE 8,400 83.40 11,91,701 34,17,400
NIFTY PE 8,300 44.65 10,47,614 59,16,875
BANKNIFTY PE 18,000 88.00 1,10,708 5,49,150
SBIN PE 270 4.85 5,346 27,29,000
LT PE 1,750 13.55 4,428 1,95,625
RELIANCE PE 940 25.60 4,301 6,31,000
INFY PE 1,100 5.15 4,151 5,69,000
AXISBANK PE 540 12.15 3,703 5,11,000
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 99287 2200.16 92357 1959.66 1065101 22620.97 240.50
INDEX OPTIONS 744651 16077.28 792250 17310.11 3985592 93861.32 -1232.83
STOCK FUTURES 87775 2248.11 72156 1805.83 1847064 45765.99 442.28
STOCK OPTIONS 63745 1530.09 62428 1500.29 102987 2489.25 29.80
TOTAL -520.25
STOCKS IN NEWS
Vedanta set to start operations at its Codli and Bicholim mines.
Indian firms invest Rs 5,000cr in Egypt's agro sector
Vedanta used Cairn loan to repay inter-company loan
Govt mulls selling LED bulbs at Rs 44 under DELP scheme
NIFTY FUTURE
Nifty Future in last trading session remained steady with bearish note and grabbed some movement in later hours. Buying is seen near current levels Since it has trend line support on daily charts along with a head & Shoulders on hourly chart. So buy it around 7750 for the targets of 7850 and 8000 with strict stop loss of 7600.
INDICES R2 R1 PIVOT S1 S2
NIFTY 8065 8049 8014 7955 7939
BANK NIFTY 17101 17020 16995 16775 16640
DAILY REPORT
14th
SEPT. 2015
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
BUY GOLD OCT ABOVE 26000 TGTS 26080,26180 SL BE-
LOW 25900
SELL GOLD OCT BELOW 25900 TGTS 25820,25720 SL
ABOVE 26000
SILVER
TRADING STRATEGY:
BUY SILVER DEC ABOVE 35100 TGTS 35300,35600 SL BE-
LOW 34800
SELL SILVER DEC BELOW 34800 TGTS 34600,34300 SL
ABOVE 35100
COMMODITY ROUNDUP
The ongoing iron ore auction in Goa is struggling to find tak-
ers due to the subdued global economic sentiment as well
as weakness in prices, something which is expected to im-
pact mining of the ore in the state. Of the total of 3.5 MT of
iron ore under the hammer in the past three auctions (7, 8
and 9), only 0.77 MT, or 22 per cent, was sold. Iron ore min-
ing in Goa will commence next month after a gap of three
years, with mining conglomerate
Declining prices of gold in the global market have pushed up
imports of the yellow metal to over 120 tonnes in August,
the highest so far in the fiscal. Gold imports stood at 89 ton-
nes in July 2015. In August last year, the figure was 50 ton-
nes. Gold import duty stands at 10 per cent. Global gold
prices had declined sharply in July, stoking demand from
countries like India and China. Annually, India imports 1,000
tonnes of gold, making the yellow metal the highest con-
stituent of India's import bill after crude oil.
After the production cuts from Glencore, the other mining
majors have also come in the picture for settling their losses
and costs. Chile-owned Codelco, the world's top copper pro-
ducer, will have to start cutting managerial positions as a
dramatic cumulative decline in the price and demand of the
red metal has taken a toll in the company's balance sheet
The markets have been keenly watching three events simul-
taneously. One was the health of Chinese economy and
there measures to save dropping growth numbers. The
other was the Federal Reserve upcoming moves in relation
to its economy. However it is unlikely the Federal Reserve is
going to raise interest rates next week unless it sees some
signs of sustainable inflation. Third is the Copper own fun-
damentals and the mining company regime to cut down its
costs.
Meanwhile, Labor Department report on Thursday showed
jobless claims to have pulled back in the week ended Sep-
tember 6, with initial jobless claims dropping to 275,000, a
decrease of 6,000 from the previous week's revised level of
281,000. Economists expected jobless claims to dip to
275,000 from the 282,000 originally reported for the prior
week. MCX Copper was last seen trading at Rs 362 per kg,
down 0.77%. The prices tested a high of Rs 366.2 per kg and
a low of Rs 361.20 per kg.
DAILY REPORT
14th
SEPT. 2015
YOUR MINTVISORY Call us at +91-731-6642300
NCDEX
NCDEX ROUNDUP Continued its rising streak for the third straight day,mentha oil prices moved up by 0.32% to Rs 930 per kg in futures trading today on speculative buying after firming demand at spot markets. Rising demand from consuming industries amid fall in supplies from producing regions supported the upside, analysts said. At the Multi Commodity Exchange, mentha oil for delivery in September advanced by Rs 3, or 0.32%, to Rs 930 per kg in business turnover of 153 lots. Similarly, the oil for delivery in October traded higher by Rs 2.80, or 0.30% to Rs 942.50 per kg in 26 lots. Besides fall in arrivals from producing centres in physical market, rising demand from consuming industries kept mentha oil prices higher at futures trade Buoyed by reports of 'reasonably good sowing', Finance Minister Arun Jaitley expressed confidence that the coun-try's food production this year would be much more than last year's despite less than normal rainfall. Although there were predictions, only after the monsoon season ended, the Meteorological department can give a final figure. Jeera futures settled flat with nominal losses. The market sources suggested that receding stocks in local mandies coupled with weak monsoon rainfall in major jeer producing states are supporting the prices from last few days. he mar-ket sources suggested that receding stocks in local mandies have supported the prices at lower levels. Around 10-12 lakh bags of total jeera stocks are available in local mandies against the total requirement of 14-15 lakh bags till March month. The NCDEX Oct Jeera futures settled at Rs 15675 per quintal, down 0.10 percent. The NCDEX futures reduced 20% in OI indicating long liquidations position by traders.
NCDEX INDICES
Index Value % Change
CAETOR SEED 4171 +0.34
CHANA 4486 -1.04
CORIANDER 10920 -1.69
COTTON SEED 2119 +2.71
GUAR SEED 4109 +1.46
JEERA 15675 -0.10
MUSTARDSEED 4300 +0.89
REF. SOY OIL 465.3 -0.27
TURMERIC 7750 -1.30
WHEAT 1511 +0.33
RECOMMENDATIONS DHANIYA
BUY CORIANDER OCT ABOVE 11200 TARGET 11225 11305 SL BELOW 11173 SELL CORIANDER OCT BELOW 11050 TARGET 11025 10945 SL ABOVE 11077 GUARSGUM
BUY GUARGUM OCT ABOVE 9360 TARGET 9410 9480 SL BELOW 9300 SELL GUARGUM OCT BELOW 9040 TARGET 8990 8920 SL ABOVE 9100
DAILY REPORT
14th
SEPT. 2015
YOUR MINTVISORY Call us at +91-731-6642300
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 66.3866 Yen-100 55.0000
Euro 74.8974 GBP 102.5939
CURRENCY
USD/INR
BUY USD/INR SEP ABOVE 66.77 TARGET 66.9 67.05 SL BE-LOW 66.57 SELL USD/INR SEP BELOW 66.45 TARGET 66.32 66.17 SL ABOVE 66.65
EUR/INR
BUY EUR/INR SEP ABOVE 75.4 TARGET 75.55 75.75 SL BE-LOW 75.2 SELL EUR/INR SEP BELOW 75.09 TARGET 74.94 74.74 SL ABOVE 75.29
CURRENCY MARKET UPDATES:
Extending losses for the second straight session, the rupee slipped by 11 paise at 66.54 against the US dollar on sus-tained demand for the American currency from banks and importers amidst a higher greenback overseas. Besides, persistent foreign capital outflows affected the rupee sen-timent.
The local currency resumed higher at 66.34 as against yes-terday’s level of 66.43 at the Interbank Foreign Exchange (Forex) market and moved up further to 66.32 on initial selling of dollars by banks and exporters. However, it washed out initial gains and dropped to 66.58 before con-cluding at 66.54, showing a loss of 11 paise, or 0.16 per cent. The rupee has dropped 13 paise, or 0.19 per cent, in the two trading sessions. It hovered in a range of 66.32 and 66.58 during the day.
The US dollar’s strength will keep the rupee under pressure as investors are expected to trade cautiously and square off their positions ahead of the weekend. The dollar index was up by 0.10 per cent against a basket of six currencies in the afternoon trade.
In the global market, the dollar extended gains against the Japanese yen for the third session but was mostly range-bound ahead of next week’s highly anticipated Federal Open Market Committee meeting.
In forward market the premium for dollar dropped further on sustained receivings from exporters. The benchmark six-month premium payable in February declined to 195.5-197.5 paise from 199-201 paise yesterday and far forward August 2016 also fell to 406.5-408 paise from 414-416 paise. The RBI fixed the reference rate for the dollar at 66.3866 and for the euro at 74.8974.
The rupee also dropped further against the pound sterling to close at 102.59 as against 102.32 yesterday and also moved down further against the euro to 74.93 from 74.34.
It dropped against the Japanese currency to finish at 55.14 per 100 yen as against 54.81 yesterday.
DAILY REPORT
14th
SEPT. 2015
YOUR MINTVISORY Call us at +91-731-6642300
CALL REPORT
S T O
PERFORMANCE UPDATES
Date Commodity/ Currency
Pairs Contract Strategy Entry Level Target Stop Loss Remark
11/09/15 NCDEX DHANIYA OCT. BUY 11215 11245-11315 11189 BOOKED PROFIT
11/09/15 NCDEX DHANIYA OCT. SELL 11108 11078-11008 11138 BOOKED FULL PROFIT
11/09/15 NCDEX GUARGUM OCT. BUY 9280 9330-9400 9220 BOOKED PROFIT
11/09/15 NCDEX GUARGUM OCT. SELL 9060 9010-8940 9120 BOOKED FULL PROFIT
11/09/15 MCX GOLD OCT. BUY 26200 26280-26380 26100 NOT EXECUTED
11/09/15 MCX GOLD OCT. SELL 26000 25920-25820 26100 BOOKED PROFIT
11/09/15 MCX SILVER DEC. BUY 35500 35700-36000 35200 NOT EXECUTED
11/09/15 MCX SILVER DEC. SELL 35200 35000-34700 35500 BOOKED FULL PROFIT
11/09/15 USD/INR SEPT. BUY 66.73 66.86-67.01 66.53 NO PROFIT NO LOSS
11/09/15 USD/INR SEPT. SELL 66.54 66.41-66.26 66.74 NO PROFIT NO LOSS
11/09/15 EUR/INR SEPT. BUY 74.94 75.09-75.29 74.74 NOT EXECUTED
11/09/15 EUR/INR SEPT. SELL 74.55 74.40-74.20 74.75 NOT EXECUTED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
11/09/15 NIFTY FUTURE SELL 7880-7900 7800-7700 8000 BOOKED PROFIT
11/09/15 ABIRLANUVO FUTURE BUY 2050 2070-2100 2020 BOOKED PROFIT
11/09/15 ARVIND FUTURE BUY 252-256 260-264 249 NOT EXECUTED
11/09/15 COX&KINGS CASH SELL 215 212-209 218.1 BOOKED FULL PROFIT
DAILY REPORT
14th
SEPT. 2015
YOUR MINTVISORY Call us at +91-731-6642300
NEXT WEEK'S U.S. ECONOMIC REPORTS
ECONOMIC CALENDAR
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TIME REPORT PERIOD ACTUAL CONSENSUS
FORECAST PREVIOUS
MONDAY, SEP. 14
NONE SCHEDULED
TUESDAY, SEP. 15
8:30 AM RETAIL SALES AUG. 0.6%
8:30 AM RETAIL SALES EX-AUTOS AUG 0.4%
8:30 AM EMPIRE STATE INDEX SEPT. -14.9
9:15 AM INDUSTRIAL PRODUCTION AUG. 0.6^
9:15 AM CAPACITY UTILIZATION AUG. 78.0%
10 AM BUSINESS INVENTORIES JULY 0.8%
WEDNESDAY, SEP. 16
8:30 AM CONSUMER PRICE INDEX AUG. 0.1%
8:30 AM CORE CPI AUG. 0.1%
10 AM HOME BUILDERS' INDEX SEPT. 61
THURSDAY, SEP. 17
8:30 AM WEEKLY JOBLESS CLAIMS SEPT. 12 N/A N/A
8:30 AM HOUSING STARTS AUG. 1.21 MLN
8:30 AM BUILDING PERMITS AUG 1.13 MLN
8:30 AM CURRENT ACCOUNT 2Q -$113 BLN
10 AM PHILLY FED SEPT. 8.3
2 PM FOMC STATEMENT
2:30 PM JANET YELLEN PRESS CONFERENCE
FRIDAY, SEP. 18
10 AM LEADING INDICATORS AUG. -0.2%