Epic research special report of 15 oct 2015
-
Upload
epic-research -
Category
Business
-
view
152 -
download
0
Transcript of Epic research special report of 15 oct 2015
DAILY REPORT
15th
OCT. 2015
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance
European shares ended lower for a third consecutive ses-sion on Wednesday on disappointing U.S. earnings and con-cerns about deflationary pressures in China, while technol-ogy group ASML and builder Skanska declined after weak business updates. The pan-European FTSEurofirst 300 index fell 0.8 percent while the euro zone's blue-chip Euro STOXX 50 index declined by 0.9 percent. Some investors were tak-ing profits after a rebound last week. European stocks have retreated from peaks reached in April due partly to the signs of weakness in China, the world's second-biggest economy and a major overseas market for European com-panies such as carmakers and luxury goods groups.
Consumer inflation in China eased more than expected in September, data showed, while producer prices fell for the 43rd straight month. Asian stocks moved higher early Thursday, shrugging off a tepid open brought about by an unimpressive lead from offshore markets. Japan's Nikkei 225 index changed course in early trade to reclaim 18,000 points, after finishing under the level for the first time since October 2 in the previous session.
Wall Street finished in the red overnight, as investors di-gested mixed results from the banking sector as well as the release of lower-than-expected sales forecasts for fiscal 2016 by Wal-Mart. The DJI Average dropped nearly 1 per-cent, ending below the psychologically key level of 17,000 for the first time since October 7, on the back of declines in Wal-Mart and Boeing. The S&P 500 and Nasdaq Composite ended 0.5 and 0.3 percent lower respectively.
Previous day Roundup
It was another consolidation session for the market. Equity benchmarks declined for third consecutive session Wednesday, dragged by technology, auto and FMCG stocks. The Nifty managed to hold 8100-mark, supported by banking & financials, oil and metals stocks. The Sensex fell 66.87 points to 26779.66 and the Nifty slipped 23.80 points to 8107.90. The BSE Midcap also declined 0.3 per-cent but Smallcap outperformed, up 0.3 percent.
Index stats
The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 163.88pts], Capital Goods [down 39.75pts], PSU [down 33.79pts], FMCG [down 8.23Pts], Realty [down 2.23pts], Power [down 13.43pts], Auto [down 129.53Pts], Healthcare [up 64.22Pts], IT [down 147.08pts], Metals [up 22.50pts], TECK [down 70.87pts], Oil& Gas [up 6.38pts].
World Indices
Index Value % Change
D J l 16924.75 -0.92
S&P 500 1994.24 -0.47
NASDAQ 4782.85 -0.29
FTSE 100 6269.21 -1.15
Nikkei 225 18029.21 +0.77
Hong Kong 22735.72 +1.32
Top Gainers
Company CMP Change % Chg
HINDALCO 88.60 2.45 2.84
ACC 1,375.60 23.40 1.73
LUPIN 2,063.00 34.75 1.71
RELIANCE 904.20 10.60 1.19
HDFC 1,293.95 15.25 1.19
Top Losers
Company CMP Change % Chg
TCS 2,480.90 117.65 -4.53
CAIRN 159.20 5.80 -3.52
ZEEL 387.20 14.10 -3.51
HINDUNILVR 790.25 22.65 -2.79
TECHM 546.65 14.35 -2.56
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
ALPA 31.25 1.45 4.87
DECCANCE 522.00 23.00 4.61
DEEPIND 194.95 3.20 1.67
TAKE 195.25 10.95 5.94
- -
Indian Indices
Company CMP Change % Chg
NIFTY 8107.90 -23.80 -0.29
SENSEX 26779.66 -66.87 -0.25
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
GLOBOFFS 423.00 21.35 5.32
MONTECARLO 420.00 -3.15 -0.74
DAILY REPORT
15th
OCT. 2015
YOUR MINTVISORY Call us at +91-731-6642300
STOCK RECOMMENDATION [CASH] 3. KAJARIACER [CASH]
KAJARIACER given breakout above 820 where it was get-ting resistance from last two weeks, since in last session it rose with 5 time more volume to the average and it's 52 week high is 863 so it will be good to buy above 850 use stop loss of 840 for target of 860-870-880 MACRO NEWS Results today: MindTree, Mastek, LIC Housing Finance,
Karur Vysya Bank, Lakshmi Vilas Bank, CCL Products, Sin-tex Industries, Cyient, DB Corp, Tata Metaliks, Hi-matsingka Seide, Jay Bharat Maruti, V-Guard Industries
Zee Ent Q2 net below estimates, ad revenue rises 35% HUL Q2 disappoints, profit falls 2.6%, volume growth 7% WPI came in at -4.54% yoy, improving from -4.95% China Q3 growth seen dipping to 6.8%, weakest since
2009 CCEA approves Rs 7,000-crore loan from banks to clear
urea subsidy India to be global manufacturing hub for new Maruti
Baleno: Suzuki Efforts on to plug major gas leak at Oil India Ltd (OIL)
well in Rajasthan Many auctioned coal blocks yet to take off; only seven
blocks out of 11 start operations Govt to use stabilization fund to cool pulses price: Jaitley Bank credit rises 9.45% to Rs 68,30,245 crore Unichem gets USFDA nod to market Alzheimer treat-
ment drug United Spirits gets into regional film production to push
Bagpiper brand Govt to give one time funds to complete languishing
highways
STOCK RECOMMENDATIONS [FUTURE] 1. RELCAPITAL [FUTURE]
Before last session RELCAPITAL FUTURE rose around 7% gain but at last session it faced selling pressure near breakout level of 408 and finished around 1% loss on EOD chart it fin-ished with inverted hammer so again sell will be good to near 400-405 use stop loss of 411 for target of 395 387 380.
2. RELINFRA [FUTURE]
RELINFRA FUTURE moving in rising wedge pattern and from last six trading session it was getting resistance near upper trend line of pattern while at last session it finished around 1% loss since it making higher highs but it is not giving break-out on closing basis and on chart it has multiple resistance around 380 while last session it finished with hammer candle so sell it around 375-378 use stop loss of 385 for target of 370 365 360.
DAILY REPORT
15th
OCT. 2015
YOUR MINTVISORY Call us at +91-731-6642300
FUTURE & OPTION
MOST ACTIVE CALL OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 8,200 60.40 4,96,035 52,62,925
NIFTY CE 8,400 11.25 3,23,023 31,96,300
BANKNIFTY CE 18,500 50.35 45,793 6,27,750
TCS CE 2,600 11.05 22,838 9,39,875
TCS CE 2,700 3.45 14,386 6,77,750
TCS CE 2,650 5.80 11,697 4,23,500
HINDUNILVR CE 820 6.30 8,615 5,82,250
INFY CE 1,200 3.30 7,005 41,96,000
MOST ACTIVE PUT OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY PE 8,100 92.00 4,31,187 48,67,225
NIFTY PE 8,000 59.00 3,76,544 53,03,575
BANKNIFTY PE 17,000 151.95 29,813 6,88,975
TCS PE 2,500 51.00 16,009 3,14,250
TCS PE 2,450 27.00 11,911 2,02,875
TCS PE 2,400 14.05 9,334 1,92,750
HINDUNILVR PE 780 14.50 7,313 4,20,250
INFY PE 1,100 27.40 3,312 6,12,750
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 53465 1885.01 121535 2757.64 970490 23255.5 -872.639
INDEX OPTIONS 234251 6037.04 279575 6956.9 2227933 70029.1 -919.867
STOCK FUTURES 82439 2179.16 102776 2867.54 1801612 47455.4 -688.385
STOCK OPTIONS 65052 1693.16 66035 1718.22 132504 3566.89 -25.0547
TOTAL -2506.00
STOCKS IN NEWS PTC India signs MoU with Solar Energy Corporation of
India for trading in solar power Havells to fortify presence in Telangana, AP with new
products Lupin, Boehringer Ingelheim to co-market anti-
diabetes drug linagliptin in India Power Grid -Shareholders approve raising borrowing
limit to Rs 1.50 lakh crore from Rs 1.30 lakh crore FIPB to consider FDI proposal of Alkem Labs & Lupin on
Oct 19 NIFTY FUTURE
Nifty Future in last trading session remained steady to bearish. It hardly traded 40 points along the day. As Nifty is respecting the resistance 8200 since last one week, it may continue it further. So again we advise you to sell Nifty Future around 8180 for the targets of 8100 and 7050 with strict stop loss of 8350
INDICES R2 R1 PIVOT S1 S2
NIFTY 8,158.00 8,132.00 8,114.00 8,088.00 8,070.00
BANK NIFTY 17,690.00 17,616.00 17,525.00 17,451.00 17,360.00
DAILY REPORT
15th
OCT. 2015
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
BUY GOLD OCT ABOVE 27300 TGTS 27380,27470 SL BE-
LOW 27200
SELL GOLD OCT BELOW 27100 TGTS 27020,26930 SL
ABOVE 27200
SILVER
TRADING STRATEGY:
BUY SILVER DEC ABOVE 37500 TGTS 37700,38000 SL BE-
LOW 37200
SELL SILVER DEC BELOW 37200 TGTS 37000,36700 SL
ABOVE 37500
COMMODITY ROUNDUP Gold remained stuck around three month highs amid nerv-ous moves in equities. Sentiments remained muted for global markets as investors waited for more clarity on the economic front. Gold is also drawing fresh buying after a clear break above 100 day EMA. COMEX Gold is currently trading at $1175 per ounce, up 0.82% on the day. MCX Gold futures are trading at Rs 27099 per 10 grams, up 0.44% on the day after hitting highs above Rs 27200 per 10 grams. Gold prices again zoomed past Rs 27,000-level by surging Rs 385 to close at over two-week high of Rs 27,185 at the bul-lion market today, tracking a firm trend overseas and in-creased buying by jewellers, driven by ongoing festive and wedding season demand. Silver also recovered by Rs 500 to Rs 37,300 per kg on increased offtake by industrial units and coin makers. A firming global trend where gold soared to a three-month high as investors see less chance of higher US borrowing costs this year, influenced the precious metal prices. Globally, gold in Singapore, which normally set price trend on the domestic front, climbed 0.5% to $1,174.81 an ounce, the highest level since July 6. In the national capital, gold of 99.9 and 99.5% purity, spurted by Rs 385 each to Rs 27,185 and Rs 27,035 per ten gram respectively, a level last seen on September 25. Sover-eign, rose by Rs 100 to Rs 22,500 per piece of eight gram. Following gold, silver ready recovered by Rs 500 to Rs 37,300 per kg and weekly-based delivery by Rs 615 to Rs 37,480 per kg. Silver coins flared up by Rs 1,000 to Rs 52,000 for buying and Rs 53,000 for selling of 100 pieces. The recent Copper price rebound may have been an aberra-tion, as the latest news has all base metals falling in tandem with weaker than expected Sept Chinese import data. LME, three-month copper fell 0.4% to $5282.50 early Tuesday. MCX Copper was in a sideways trend trading at Rs 346.20 per kg. The prices tested a high of Rs 348.45 per kg and a low of Rs 344.85 per kg. The world will continue to eye China along with base metal prices as the Far East nation remains the largest source of global demand for metals, accounting for close to half of total Zinc consumption, 40% of lead production and 45% of copper consumption. The recent copper rebound hinted at above, resulting from major mining companies announcing production cutbacks, led to the metal recovering from mul-tiyear lows struck in August and September, but that recov-ery has been short lived as China's situation has once again taken center stage.
DAILY REPORT
15th
OCT. 2015
YOUR MINTVISORY Call us at +91-731-6642300
NCDEX
NCDEX ROUNDUP
The import of vegetable oils during Sept., 2015 is reported at 1,216,546 tons compared to 1,047,620 tons in Sept. 2014, consisting of 1,205,507 tons of edible oils and 11,039 tons of non-edible oils i.e. up by 16%. The overall import of vegetable oils during Nov.'14 to Sept. '15 is reported at 12,941,611 tons compared to 10,572,994 tons i.e. up by 22%. India is being used as a dumping ground for excessive supply of edible oils in the world market. Excessive import has put tremendous pressure on the local prices, which are at a level where Indian oilseeds growing farmers are in dis-tress and losing interest in oilseed crop. Country's depend-ence on imported oil has further increased to nearly 70%, an alarming situation for the country's food security.
Coriander prices were up 1.48% to Rs 12,403 per quintal in futures trade as participants built up fresh positions amid tight supplies from growing regions at spot market. At the NCDEX coriander for delivery in November shot up by Rs 181 or 1.48% to Rs 12,403 per quintal with an OI of 45,420 lots. Similarly, the spice for delivery in October contracts traded higher by Rs 140 or 1.16% to Rs 12,180 per quintal in 3720 lots. Besides tight stocks in the physical market due to restricted supplies from producing regions, pick up in de-mand mainly pushed up coriander prices at futures trade.
quintal in futures trade as traders enlarged positions on the back of rising demand in the spot market supported by on-going festive season. At NCDEX chana for delivery in far-month Dec rose Rs 46, or 0.87%, to Rs 5,313 per quintal, with an open interest of 40,900 lots. Likewise, the commod-ity for delivery in Nov gained Rs 42, or 0.80%, to Rs 5,290 per quintal in 67,920 lots. The rise in chana prices to up-surge in demand in the spot market, driven by festive sea-son against restricted supplies from producing belts.
NCDEX INDICES
Index Value % Change
CAETOR SEED 4001 -0.05
CHANA 5198 +0.50
CORIANDER 11821 -1.82
COTTON SEED 1656 -0.54
GUAR SEED 4179 +1.04
JEERA 16340 -0.27
MUSTARDSEED 4979 +1.32
REF. SOY OIL 639.1 +0.23
TURMERIC 2740 -0.33
WHEAT 8000 -0.40
RECOMMENDATIONS
DHANIYA
BUY CORIANDER NOV ABOVE 12100 TARGET 12130 12210
SL BELOW 12073
SELL CORIANDER NOV BELOW 11980 TARGET 11950 11870
SL ABOVE 12007
GUARSGUM
BUY GUARGUM NOV ABOVE 8840 TARGET 8890 8960 SL
BELOW 8780
SELL GUARGUM NOV BELOW 8610 TARGET 8560 8490 SL
ABOVE 8670
DAILY REPORT
15th
OCT. 2015
YOUR MINTVISORY Call us at +91-731-6642300
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 65.1123 Yen-100 54.4100
Euro 74.2410 GBP 99.4981
CURRENCY
USD/INR
BUY USD/INR OCT ABOVE 65.27 TARGET 65.4 65.55 SL BE-
LOW 65.07
SELL USD/INR OCT BELOW 65.13 TARGET 65 64.85 SL ABOVE
65.33
EUR/INR
BUY EUR/INR OCT ABOVE 74.5 TARGET 74.65 74.85 SL BE-
LOW 74.3
SELL EUR/INR OCT BELOW 74.15 TARGET 74 73.8 SL ABOVE
74.35
CURRENCY MARKET UPDATES: The Indian rupee on Wednesday strengthened against the US dollar as foreign investors started buying government bonds after limits for foreign investment in the category were raised. The home currency closed at 65.04, up 0.23% from its previous close of 65.19. The local unit opened at 65.14 per US dollar and touched a high of 65. FIIs bought Rs.4,170 crore bonds on 13 October. FII bought the most govt debt in nearly four months on 12 Oct when lim-its for foreign investment in the category were raised. Ac-cording to official data, released with a day’s lag by the NSDL, FIIs bought $895.98mn (Rs.5,799.33cr) in debt on 12 Oct. The yield on India’s 10-year benchmark bond closed at 7.554% compared with its Thursday’s close of 7.562%. Bond yields and prices move in opposite directions. Most Asian currencies closed higher. Singapore dollar was up 1.1%, Thai baht 0.37%, Taiwan dollar 0.32%, South Ko-rean won 0.23%, Japanese yen 0.17%, Philippines peso 0.17%, and Indonesian rupiah 0.16%. However, Malaysian rupiah was down 0.29%, China offshore 0.19%, and China renminbi declined 0.11%. The US dollar extends its losses to hit a fresh one month low against a basket of currencies on Wednesday, after data revealed that retail sales in the U.S. rose less than ex-pected in September, dampening optimism over the strength of the economy and dimming the case for higher interest rates. Demand for greenback remained broadly under pressure since expectations for a U.S. rate hike were pushed back to next year. The greenback remained under pressure after data on Wednesday showed that the annual rate of inflation in China slowed to 1.6% in September. The European unit was higher at 1.1404 against the dollar. The dollar was also lower against the yen with USD/JPY slipping 0.19% to 119.50. As against the pound, dollar dropped with GBP/USD climbing 0.75% to 1.5363 after data showed that the U.K. unemployment rate fell to a new seven-year low. The U.K. Office for National Statistics said the unemployment rate ticked down to 5.4% in the three months to August from 5.5% in the preceding three-month period. It was the lowest unemployment rate since the second quarter of 2008.
DAILY REPORT
15th
OCT. 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
14/10/15 NCDEX DHANIYA NOV. BUY 12370 12401-12481 12343 BOOKED PROFIT
14/10/15 NCDEX DHANIYA NOV. SELL 12180 12149-12069 12207 BOOKED FULL PROFIT
14/10/15 NCDEX GUARGUM NOV. BUY 8840 8890-8960 8780 NOT EXECUTED
14/10/15 NCDEX GUARGUM NOV. SELL 8620 8570-8500 8680 SL TRIGGERED
14/10/15 MCX GOLD OCT. BUY 27000 26580-26670 26400 NOT EXECUTED
14/10/15 MCX GOLD OCT. SELL 26800 26320-26230 26500 NOT EXECUTED
14/10/15 MCX SILVER DEC. BUY 37400 37600-37900 37100 SL TRIGGERED
14/10/15 MCX SILVER DEC. SELL 3700 36800-36500 37300 SL TRIGGERED
14/10/15 USD/INR OCT. BUY 65.38 65.51-65.66 65.18 NOT EXECUTED
14/10/15 USD/INR OCT. SELL 65.24 65.11-64.96 65.44 NO PROFIT NO LOSS
14/10/15 EUR/INR OCT. BUY 74.52 74.67-74.87 74.32 NOT EXECUTED
14/10/15 EUR/INR OCT. SELL 74.08 73.93-73.73 74.28 NOT EXECUTED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
14/10/15 NIFTY FUTURE SELL 8180 8100-7950 8350 NOT EXECUTED
14/10/15 RELINFRA FUTURE SELL 375-378 370-365 385 BOOKED PROFIT
14/10/15 VOLTAS FUTURE SELL 266.5 264.5-261.5 270.70 SL TRIGGERED
14/10/15 NCC CASH BUY 78.5-79.5 81.5-83.00 76.50 NOT EXECUTED
08/10/15 YESBANK FUTURE BUY 730-735 750-765 715 CALL OPEN
09/10/15 NIFTY FUTURE SELL 8190 8070-7950 8380 CALL OPEN
DAILY REPORT
15th
OCT. 2015
YOUR MINTVISORY Call us at +91-731-6642300
NEXT WEEK'S U.S. ECONOMIC REPORTS
ECONOMIC CALENDAR
The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or
liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the
right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for per-
sonal information and based upon it & takes no responsibility. The information given herein should be treated as only factor, while making investment
decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate par-
ticular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any trans-
action conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projec-
tions shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change
without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is
browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners
or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment
in equity & bullion market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. We are not responsible for any
loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invi-
tation or an offer to buy or sell any financial instrument. Our Clients (Paid or Unpaid), any third party or anyone else have no rights to forward or share
our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious
Legal Actions can be taken.
Disclaimer
TIME REPORT PERIOD ACTUAL CONSENSUS
FORECAST PREVIOUS
MONDAY, OCT. 12
NONE SCHEDULED COLUMBUS DAY
TUESDAY, OCT. 13
6 AM NFIB SMALL BUSINESS INDEX SEPT. -- 95.9
WEDNESDAY, OCT. 14
8:30 AM RETAIL SALES SEPT. 0.3% 0.2%
8:30 AM RETAIL SALES EX-AUTOS SEPT. 0.1% 0.1%
8:30 AM PRODUCER PRICE INDEX SEPT. -0.4% 0.0%
10 AM BUSINESS INVENTORIES AUG. 0.1% 0.1%
2 PM BEIGE BOOK
THURSDAY, OCT. 15
8:30 AM WEEKLY JOBLESS CLAIMS OCT. 3 N/A 263,000
8:30 AM CONSUMER PRICE INDEX SEPT. -0.3% -0.1%
8:30 AM CORE CPI SEPT. 0.2% 0.1%
8:30 AM EMPIRE STATE INDEX OCT. -5.5 -14.7
10 AM PHILLY FED OCT. 0.0 -6.0
FRIDAY, OCT. 16
9:15 AM INDUSTRIAL PRODUCTION SEPT. -0.2% -0.4%
9:15 AM CAPACITY UTILIZATION SEPT. 77.4% 77.6%
10 AM CONSUMER SENTIMENT OCT. 88.0 87.2
10 AM JOB OPENINGS AUG. -- 5.8 MLN