Epic research special report of 15 june 2016
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Transcript of Epic research special report of 15 june 2016
DAILY REPORT 15
th JUNE 2016
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance European shares fell for a fifth straight session on Tuesday on angst over next week's referendum on Britain's mem-bership of the EU and uncertainty over the outcome of a two-day U.S. Fed meeting that starts later in the day. Swiss money manager GAM Holding dropped 17.9% to a 4-1/2-year low after warning it expects a roughly 50% yoy fall in first-half underlying profit before tax, mainly due to lower performance fees. However, Premier Farnell surged 50 per-cent after Daetwyler Holding agreed to buy it in an all-cash offer that valued the British electronic component distribu-tor at just over 1 billion Swiss francs. The pan-European FTSEurofirst 300 index fell 1.9% to 1.260,14 points, its low-est closing level since Feb. 24. The STOXX Europe 600 was down 1.9%, while European mining shares fell 3.5 percent to be the biggest sectoral decliner, tracking weaker metal prices. The Euro STOXX 50 volatility index, Europe's main gauge of equity investor anxiety, surged 3.9pts to 38.34, a closing high for 2016. It was at 20 about two weeks ago. Wall Street dropped for a fourth straight session on Tues-day as central bank policymakers weighed the health of the US economy and investors worried about an upcoming vote in Britain on whether to leave the European Union. Investors launched a late-day rally but the major indices still ended with losses. The US Federal Reserve began its two-day meeting to decide whether the US economy has recovered enough to absorb an interest rate hike Previous day Roundup After a consolidation, equity benchmarks closed Tuesday's session on a flat note. Indices lost half a percent intraday due to weakness in global peers ahead of Fed's two-day meeting that will begin tonight and uncertainty over Brexit but recovered in late trade. Benchmark indices fell for the fourth consecutive session. The Sensex declined 1.06 points to 26395.71. The Nifty managed to hold 8100 level, down 1.75 points at 8108.85 while the broader markets outperformed benchmarks. The BSE Midcap and Smallcap indices gained 0.2% and 0.5%, respectively as the market breadth was positive. About 1522 shares advanced against 1079 declining shares on BSE. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 47.88 pts], Capital Goods [up 11.11 pts], PSU [up 27.05 pts], FMCG [up 25.14 pts], Realty [up 11.98 pts], Power [up 5.27 pts], Auto [up 20.48 pts], Healthcare [up 75.89 pts], IT [down 46.87 pts], Metals [up 39.12 Pts], TECK [down 22.39 pts], Oil& Gas [down 48.73 pts].
World Indices
Index Value % Change
DJI 17585.00 +0.07
S&P500 2075.50 +0.05
NASDAQ 4843.55 -0.10
FTSE100 5942.00 +0.34
NIKKEI 15973.26 +0.72
HANG SENG 20390.12 +0.01
Top Gainers
Company CMP Change % Chg
SBIN 208.20 6.40 3.17
CIPLA 483.00 14.30 3.05
ADANIPORTS 208.20 5.60 2.76
BANKBARODA 148.60 2.50 1.71
EICHERMOT 18,750.00 302.35 1.64
Top Losers
Company CMP Change % Chg
ULTRACEMCO 3,318.95 78.95 2.32
ZEEL 455.15 8.60 1.85
BPCL 991.50 17.15 1.70
AMBUJACEM 233.90 3.45 1.45
HINDUNILVR 863.55 10.65 1.22
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
A2ZINFRA 35.65 2.90 8.85
AARVEEDEN 77.25 3.45 4.67
AEGISCHEM 121.50 -6.00 -4.71
ALBERTDAVD 311.00 -2.35 -0.75
APTECHT 77.60 8.95 13.04
ARMANFIN 234.95 5.00 2.17
ASAL 57.90 9.65 20..
Indian Indices
Company CMP Change % Chg
NIFTY 8,108.85 -1.75 -0.02
SENSEX 26,395.71 -1.06 0.00
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
ASPINWALL 168 -7.00 -4.00
BIRLACOT 0.10 0.05 100.00
FARMAXIND .10 0.05 50.00
DAILY REPORT 15
th JUNE 2016
YOUR MINTVISORY Call us at +91-731-6642300
STOCK RECOMMENDATION [CASH] [Cash]
On daily chart ADANIPORTS is trading in bullish rally after reversing from the lower levels and in yesterday session it has given a good upside move after consolidation rose with decent volumes, for this it is good buy opportunity for the day .So we advise to buy it above 210.50 for the tar-gets of 213.50 215 with stop loss below 207. MACRO NEWS Sebi begins proceedings to recover Rs 55,000cr Gayatri Projects gains on strong order book positions PSU bank stocks gain on RBI's move on stressed assets Maruti Suzuki: Revving up for a better FY17 Govt mulls Rs 10,000cr bioenergy mission next fiscal Govt panel to prepare road map for raising refining ca-
pacity BHEL commissions 195 MW unit at Muzaffarpur plant Internal accruals, debt to fund expansion of cement unit:
KCP Indraprastha Gas gains ahead of Mahanagar Gas IPO Havells to raise stake in subsidiary Promptec to 70 per-
cent from 51 percent, Promptec engaged in marketing & manufacturing of LED lights
Aurobindo Pharma aims to garner USD 3 billion revenue from US market in next 2 years
DLF rental arm gets USD 1 billion bids from big PE firms Department of Chemical & Fertilisers has commenced
releasing subsidy claims WPI based inflation accelerated to 19-months high of
0.79% in May 2016. The WPI inflation had entered into positive zone at 0.34% in April 2016
Aviation stocks- cabinet To Take Call On 5/20 Rule Today PNB Home Finance mandates 3 banks from $300 mn IPO
PNB owns 51% in the unit Tata Power to buy 25% stake in Resurgent Power for
$300 mn ONGC Videsh In Talks To Finalise 11% Stake Purchase In
Vankorneft CBI Files Chargesheet In Syndicate Bank Fraud Case
STOCK RECOMMENDATIONS [FUTURE] 1. TATASTEEL [FUTURE]
Last Trading session TATASTEEL future gave Negative per-formance in whole metal sector and close near day low with bearish candlestick in daily chart. and made a low 322.10. and close near major support level. We may see sharp sell for that it will be sell below 321 for the target of 317-314 with SL of 326. 2. SUNPHARMA [FUTURE]
Last trading session SUNPHARMA future show good strenth and close near day high with bullish candlestick in daily chart. since last session it rose with rising OI in long side and last day stock close near major resistance level. We may see sharp rise for that it will be good to buy above 758 for the target of 762.50-768 with SL of 752.
DAILY REPORT 15
th JUNE 2016
YOUR MINTVISORY Call us at +91-731-6642300
FUTURES & OPTIONS
MOST ACTIVE CALL OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 8,200 74.00 2,27,775 40,17,450
NIFTY CE 8,300 40.00 1,91,804 70,22,475
BANKNIFTY CE 17,800 46.75 60,675 2,18,340
SBIN CE 210 6.80 7,043 52,30,000
LT CE 1,500 21.75 1,919 6,82,500
PNB CE 90 2.95 2,668 21,28,000
RELIANCE CE 1000 9.65 2,636 21,28,000
BANBARODA CE 150 4.95 1,829 20,49,100
MOST ACTIVE PUT OPTION
Symbol Option
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY PE 8,000 66.00 2,26,150 68,24,275
NIFTY PE 8,100 100.60 1,93,176 48,38,850
BANKNIFTY PE 17,500 47.40 71,731 1,78,830
LT PE 1,420 0.05 6,124 2,23,800
SBIN PE 200 4.20 3,204 46,26,000
TATAMOTOR PE 440 9.25 1,256 10,86,000
ICICIBANK PE 240 6.30 1,218 12,37,600
SBIN PE 195 2.95 1,097 27,04,000
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 27431 1601.03 58219 3481.97 250805 15019.96 -1880.95
INDEX OPTIONS 339505 19596.08 330502 19192.24 1062895 64017.11 403.83
STOCK FUTURES 76529 3944.34 79579 4118.60 1072923 52820.11 -174.27
STOCK OPTIONS 43366 2202.31 43368 2188.84 101042 5197.80 13.47
TOTAL -1637.91
STOCKS IN NEWS NIIT Technologies & Sintex to be available for trade in
F&O segment from 1st July Bharti Airtel, Singtel Team Up For Data Biz In 325 Cities
Globally Dewan Housing Finance to raise `575cr via Debt issue Godrej Agrovet & Godrej Properties To Develop 100
Acre Land In Bangalore Calcutta HC Approves Merger Of Emami Realty &
Emami Rainbow With Emami Infra Chemical companies in focus - Govt to impose anti-
dumping duty of $1.22 per kg on import of chemical NIFTY FUTURE
Nifty in yesterday trading session stayed steady to down-wards and after a considerable downside reversed back a little. It has closed below previous day’s close, Nifty seems to be overall bearish as it has broken support and has closed below it. So we advise you to sell it on rise around 8150 for the targets of 8070 and 8000 with strict stop loss of 8250
INDICES R2 R1 PIVOT S1 S2
NIFTY 8169.80 8139.30 8104.40 8073.90 8039.00
BANKNIFTY 17799.00 17735.00 17655.00 17591.00 17511.00
DAILY REPORT 15
th JUNE 2016
YOUR MINTVISORY Call us at +91-731-6642300
COMMODITY ROUNDUP Gold broke into green after dropping in Asia. Major indices dropped in Europe as a global correction extended on growth worries and cautiousness ahead of the critical US Fed meet. Good speculative demand also capped losses for the metal and the COMEX Gold futures are currently trading at $1287.50 per ounce. MCX Gold futures are trading at Rs 30458 per 10 grams, up 0.20% on the day. Gold speculator and large futures traders sharply added to their gold bullish positions last week following two weeks of declines. The non-commercial futures contracts of Comex gold futures, traded by large speculators and hedge funds, totaled a net position of +228,619 contracts in the data reported through June 7th. The international crude oil price of Indian Basket as com-puted/published by PPAC under the Ministry of Petroleum and Natural Gas was US$ 47.46 per barrel on 13.06.2016. This was lower than the price of US$ 48.41 per bbl on previ-ous publishing day of 10.06.2016. The price of Indian Basket decreased to Rs. 3183.17 per bbl on 13.06.2016 as com-pared to Rs. 3233.64 per bbl on 10.06.2016. Copper prices advanced by Rs 2 per kg at the non-ferrous metal market on Tuesday, largely on a firming trend over-seas. Sentiment in copper remained firm as it rose after two days of losses in global markets on evidence that Chinese growth is stabilising and concerns over a build up in metal stockpiles eased. Meanwhile, Copper for three-month deliv-ery gained 1% to $4,557 a metric tonne on the LME. It touched a four-month low of $4,483.50 on Thursday. In the national capital, copper mixed scrap rose further by 2 to Rs 376 per kg. Following are today's metal rates (in Rs per kg): Zinc ingot Rs 98-104, Nickel plate (4x4) Rs 850-855, gun metal scrap Rs 227, Bell metal scrap Rs 229, copper mixed scrap Rs 376, chadri deshi Rs 295. Lead ingot Rs 76, lead imported Rs 82, aluminium ingots Rs 155, aluminium sheet cutting Rs 151, aluminium wire scrap Rs 151 and aluminium utensils scrap Rs 149. Amid a weakening trend overseas, silver fell Rs 185 to Rs 41,262 per kg in futures trade as speculators trimmed their positions. Silver for delivery in July traded lower by Rs 185 or 0.45% to Rs 41,262 per kg in a business turnover of 1,426 lots in futures trading at MCX. On similar lines, the white metal for delivery in Sep. was trading lower by Rs 183 or 0.43% at Rs 42,010 per kg in a business turnover of 53 lots. In international market, silver traded 0.63% lower at $17.29 an ounce in Singapore. A weak trend in precious metals in global markets and trimming of positions by speculators at prevailing levels, kept pressure on silver futures.
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
BUY GOLD AUG ABOVE 30581 TARGET 30681 30831 SL BE-
LOW 30460
SELL GOLD AUG BELOW 30431 TARGET 30331 30181 SL
ABOVE 30552
SILVER
TRADING STRATEGY:
BUY SILVER JULY ABOVE 41550 TARGET 41750 42050 SL
BELOW 41323
SELL SILVER JULY BELOW 41309 TARGET 41109 40809 SL
ABOVE 41536
MCX
DAILY REPORT 15
th JUNE 2016
YOUR MINTVISORY Call us at +91-731-6642300
NCDEX
NCDEX INDICES
Index Value % Change
BARLEY 1572 -0.69
CHANA 6870 -1.32
CORIANDER 6785 +0.49
COTTON SEED 2509 -0.16
GUAR SEED 3054 -2.27
JEERA 17020 -1.08
MUSTARDSEED 4681 -1.33
REF SOYA OIL 635.5 -0.53
SUGAR M GRADE 3651 -0.38
TURMERIC 7850 -0.83
RECOMMENDATIONS
DHANIYA
BUY CORIANDER JULY ABOVE 6980 TARGET 7025 7125 SL
BELOW 6915
SELL CORIANDER JULY BELOW 6866 TARGET 6821 6721 SL
ABOVE 6931
GUARGUM
BUY GUARGUM JULY ABOVE 5680 TARGET 5730 5800 SL
BELOW 5620
SELL GUARGUM JULY BELOW 5570 TARGET 5520 5450 SL
ABOVE 5630
Addressing concerns raised by the Assam and Terai tea lobby over the forthcoming pan-India e-auction of tea, the Tea Board of India has revised norms for the auction. It has now allowed proxy bidding, which previously it had done away with. Also, the tax rate for inter-state sales has been revised. After a successful sale, the buyer will now have to pay either the state tax at two per cent of the prevalent rate or the value added tax, whichever is lower. Previously, concerns about indemnity against 'C' form sale were raised. Tea Auction Buyers Association said in the current system buyers often send the ‘C’ form late. Procurement of Rabi pulses has reached to 64,000 MT as on June 13, 2016. Thus together with earlier procurement of 51,000 MT of Kharif, total domestic procurement of pulses by government agencies has reached to 1,15,000 MT. The Govt has also ordered further import of 12,500 MT pulses for buffer stocks which include 10,000 MT Masur and 2,500 MT Urad. So far 14,321 MT pulses have already imported by the govt agencies against the total contracted quantity of 38,500 MT. This was informed in an inter-ministerial review meeting chaired by Secretary. The meeting reviewed the prices of essential commodities and discussed measures. Palm oil imports fell by 28 per cent to 657,454 tonnes in May, in view of higher stock availability and sluggish sum-mer demand, industry body SEA said on Tuesday. India, the world’s leading vegetable oil buyer, had imported 907,347 tonnes of palm oil in May last year. Palm oil make up more than 65% of the country’s total vegetable oil imports. In last few months, there has been a sharp rise in the import of cheap RBD palmolein. But last month, overseas purchase including RBD palmolein showed a decline “due to highest stock at port and pipeline and reduced demand due to sum-mer,” SEA said.
DAILY REPORT 15
th JUNE 2016
YOUR MINTVISORY Call us at +91-731-6642300
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 67.150 Yen-100 63.460
Euro 75.754 GBP 95.100
CURRENCY
USD/INR
BUY USD/INR JUN ABOVE 67.47 TARGET 67.6 67.75 SL BE-
LOW 67.27
SELL USD/INR JUN BELOW 67.4 TARGET 67.27 67.12 SL
ABOVE 67.6
EUR/INR
BUY EUR/INR JUN ABOVE 75.94 TARGET 76.09 76.29 SL BE-
LOW 75.74
SELL EUR/INR JUN BELOW 75.65 TARGET 75.5 75.3 SL ABOVE
75.85
CURRENCY MARKET UPDATES:
Continuing its weakening trend for a fourth straight ses-
sion, the rupee on Tuesday fell by 13 paise to end at 67.27
per dollar on Tuesday, on persistent demand for the
American currency from banks and importers on the back
of a higher greenback in the overseas market. Weakness in
the domestic stock markets also affected the rupee value
against the dollar, a forex dealer said.
The rupee opened lower at 67.18 against Monday's closing
level of 67.14 per dollar at the interbank foreign exchange
market and hovered in a range of 67.09 and 67.30 before
quoting at 67.27, showing a loss of 13 paise or 0.19 per
cent. The domestic currency has dropped by 62 paise or
0.93 per cent in four trading days.
In cross-currency trades, the rupee firmed up further
against the pound sterling to close at 95.22 from 95.24 on
Monday and also moved up against the euro to 75.50 from
75.67 per euro previously. However, the domestic currency
dropped further against the Japanese yen to 63.49 per 100
yens from 63.33.
Meanwhile, the dollar index was up by 0.37 per cent
against the basket of six global currencies in the late Asian
trade. Overseas, the US dollar gained against its major ri-
vals in early Asian trade, while the British pound remained
fragile near a two-month low against the dollar and the
yen hovered near six-week highs against the US currency
on worries Britain may leave the European Union in a ref-
erendum.
However, the yen gained moderately against the dollar and
other currency peers in late Asian trade. In the forward
market, premium for dollar inched up on mild paying pres-
sure from corporates.
Thus to end the day, the rupee closed at 67.27/dollar
against the previous close of 67.14/dollar thus by depreci-
ating 13 paise. Trading range for the spot dollar/rupee pair
will be 67 to 67.50/dollar.
DAILY REPORT 15
th JUNE 2016
YOUR MINTVISORY Call us at +91-731-6642300
Date Commodity/ Currency
Pairs Contract Strategy Entry Level Target Stop Loss Remark
14/06/16 NCDEX DHANIYA JUNE BUY 6870 6915-7015 6805 BOOKED FULL PROFIT
14/06/16 NCDEX DHANIYA JUNE SELL 6760 6715-6615 6825 NOT EXEUCTED
14/06/16 NCDEX GUARGUM JUNE BUY 5850 5900-5970 5790 NOT EXEUCTED
14/06/16 NCDEX GUARGUM JUNE SELL 5750 5700-5630 5810 BOOKED FULL PROFIT
14/06/16 MCX GOLD AUG. BUY 30474 30547-30744 30352 BOOKED PROFIT
14/06/16 MCX GOLD AUG. SELL 30275 30175-30005 30397 SL TRIGGERED
14/06/16 MCX SILVER JULY BUY 41500 41700-42000 41259 BOOKED PROFIT
14/06/16 MCX SILVER JULY SELL 41385 41185-40885 41626 SL TRIGGERED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
14/06/16 NIFTY FUTURE SELL 8170 8100-8000 8250 NOT EXEUCTED
14/06/16 ZEEL FUTURE BUY 468 472-476 463 NOT EXEUCTED
14/06/16 TATASTEEL FUTURE SELL 321 317-314 326 NOT EXEUCTED
14/06/16 TATAGLOBAL CASH BUY 129 132-132.5 127 SL TRIGGERED
13/06/16 YESBANK FUTURE BUY 1067 1072-1080 1055 BOOKED PROFIT
DAILY REPORT 15
th JUNE 2016
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, JUNE 13
NONE SCHEDULED
TUESDAY, JUNE 14
6 AM NFIB SMALL BUSINESS INDEX MAY -- 93.6
8:30 AM RETAIL SALES MAY 0.4% 1.3%
8:30 AM RETAIL SALES EX-AUTOS MAY 0.4% 0.8%
8:30 AM IMPORT PRICE INDEX MAY -- 0.3%
10 AM BUSINESS INVENTORIES APRIL -- 0.4%
WEDNESDAY, JUNE 15
8:30 AM PRODUCER PRICE INDEX MAY 0.2% 0.2%
8:30 AM EMPIRE STATE INDEX JUNE -5.5 -9.0
9:15 AM INDUSTRIAL PRODUCTION MAY -0.3% 0.7%
9:15 AM CAPACITY UTILIZATION MAY 75.2% 75.4%
2 PM FEDERAL FUNDS ANNOUNCEMENT 0.25-0.5% 0.25-0.5%
2:30 PM JANET YELLEN PRESS CONFERENCE
THURSDAY, JUNE 16
8:30 AM WEEKLY JOBLESS CLAIMS 6/11 N/A N/A
8:30 AM CONSUMER PRICE INDEX MAY 0.2% 0.4%
8:30 AM CORE CPI MAY 0.2% 0.2%
8:30 AM PHILLY FED JUNE -2.2 -1.8
8:30 AM CURRENT ACCOUNT DEFICIT 1Q -- -$125 BLN
10 AM HOME BUILDERS' INDEX JUNE 60 58
FRIDAY, JUNE 17
8:30 AM HOUSING STARTS MAY 1.140 MLN 1.172 MLN
8:30 AM BUILDING PERMITS MAY -- 1.130 MLN