Epic research special report of 16 oct 2015

DAILY REPORT

16th

OCT. 2015

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance

Asian shares got a bright start on Friday, catching some of Wall Street's shine after upbeat U.S. price and jobless claims data calmed some recent concerns about the strength of the U.S. economy. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was up 0.5 percent in early trading, touching fresh two-month highs and on track for a robust weekly gain of 1.6 of per-cent. Japan's Nikkei stock index .N225 was up 1 percent, but still poised to shed about 0.9 percent for the week.

A tame inflation reading and strong earnings from Citigroup led investors to pile back into stocks on Thursday, pushing Wall Street to its best level in eight weeks. Equities added to gains late in the session, and eight of the S&P 500 sec-tors registered increases of more than 1 percent. More than four stocks rose for every one that fell on both the New York Stock Exchange and the Nasdaq. The S&P 500 health care index jumped 2.2 percent despite a disappoint-ing forecast from HCA Holdings, which fell 5 percent to USD 72.21. The Nasdaq Biotech Index jumped 4.4 percent, rally-ing sharply before the close. About 7.0 billion shares changed hands on US exchanges, below the 7.6 billion daily average for the past 20 trading days

European shares rose on Thursday, bouncing back after three days of losses, with retailer Casino and consumer goods maker Unilever lifted by positive results. The pan-European FTSEurofirst 300 index closed up 1.4 percent at 1,425.44 points, while the euro zone's blue-chip Euro STOXX 50 index rose 1.5 percent, with investors betting on a continued easy monetary policy environment.

Previous day Roundup

The market rallied for first time in last four consecutive ses-sions with the Sensex reclaiming 27000-mark, supported by major auto companies Tata Motors & Maruti Suzuki and rally in global peers. The 30-share BSE Sensex climbed 230.48 points or 0.86 percent to 27010.14 and the 50-share NSE Nifty rose 71.60 points or 0.88 percent to 8179.50

Index stats

The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 93.19pts], Capital Goods [up 191.74pts], PSU [up 108.79pts], FMCG [up 41.51Pts], Realty [up pts], Power [up pts], Auto [up 417.16Pts], Healthcare [up 28.63Pts], IT [down 14.95pts], Metals [up 105.33pts], TECK [up 13.55pts], Oil& Gas [up 136.88pts].

World Indices

Index Value % Change

D J l 17141.75 +1.28

S&P 500 2023.86 +1.49

NASDAQ 4870.10 +0.82

FTSE 100 6338.67 +1.10

Nikkei 225 18343.31 +1.36

Hong Kong 23059.90 +0.75

Top Gainers

Company CMP Change % Chg

ZEEL 417.35 30.75 7.95

TATAMOTORS 380.00 27.70 7.86

BPCL 896.50 34.20 3.97

BANKBARODA 180.00 6.50 3.75

BHEL 212.10 6.80 3.31

Top Losers


CIPLA 671.40 7.80 -1.15

M&M 1,274.25 13.85 -1.08

WIPRO 577.95 4.95 -0.85

TCS 2,468.80 14.90 -0.60

HINDUNILVR 792.90 4.30 -0.54

Stocks at 52 Week’s HIGH

Symbol Prev. Close Change %Chg

CYIENT 620.00 35.05 5.99

DHAMPURSUG 54.55 4.55 9.10

JBCHEPHARM 308.55 24.20 8.51

KAJARIACER 871.00 26.30 3.11

MHRIL 418.75 24.25 6.15

SREINFRA 55.65 2.90 5.50

ZEEL 417.35 30.75 7.95

Indian Indices


NIFTY 8179.60 71.60 +0.88

SENSEX 27010.14 +230.48 +0.86

Stocks at 52 Week’s LOW

Symbol Prev. Close Change %Chg

- -

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DAILY REPORT

16th

OCT. 2015


STOCK RECOMMENDATION [CASH]

3. HIMATSEIDE [CASH]

HIMATSEIDE announced Q2 number which better then the last quarter while it is moving around life time high and also getting resistance at 234 while in last session it made high of 234.45 at last it end at 228.95 so we advise to buy it above 235 for target 240-245-250 use stop loss of 230

MACRO NEWS

Results today: Reliance Industries

India's exports of goods shrank by nearly a quarter in Sept. from a year ago, falling for a 10th straight month.

Diesel rates up by 95 paise; no hike in petrol price

Alibaba gets CCI nod for acquiring 4.14% stake in Snap-deal

Textile sector urges govt to take steps to boost exports

NBFCs cut bank exposure over higher costs of borrowing

Welspun eyes 150% jump in textiles sales at $2.5 bn by 2020

Textile industry from South India appeals to Centre for fair cotton trading policy

Gas leakage at Oil India Ltd's well in Rajasthan partially controlled

Australia clears way for Adani Group's $7 billion coal and rail project

Aurobindo Pharma gets US FDA nod for Alzheimer's drug Memantine Hydrochloride

Stempeutics plans stem cell device launch in India by mid 2016

Tata Motors Group Global Wholesales Up 21% At 97,102 Units

FIF To Be Administered By Govt-formed Board & Main-tained By NABARD

TBZ forays into e-commerce with Snapdeal tie up

Century Ply Incorporates Subsidiary To Handle Timber, Plywood Manufacturing & Trading Biz

STOCK RECOMMENDATIONS [FUTURE] 1. PFC [FUTURE]

PFC FUTURE moving channel line pattern and it is consolidat-ing near support of trend line at last session it finished with 1.78% gain, since RSI also positive and DMA also given posi-tive crossover after last march so we advise to buy it above 247 for target of 250 253 256 use stop loss of 242.

2. LT [FUTURE]

LT FUTURE getting resistance around 1572 at last session it finished at 1568 with gain of 1.50% while from last five ses-sion it is moving in range of 1530-1570 since RSI has positive divergence so buy in decline around 1545-1555 will be good for target of 1569 1580 1600 use stop loss of 1520.


DAILY REPORT

16th

OCT. 2015


FUTURE & OPTION

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 8,200 83.40 6,64,952 54,65,375

NIFTY CE 8,400 17.80 4,50,071 34,94,950

BANKNIFTY CE 18,500 65.00 67,261 7,98,450

ADANIENT CE 100 4.00 11,175 11,20,000

TATAMOTORS CE 380 11.20 9,825 15,97,000

SBIN CE 250 6.20 7,106 53,87,000

TATAMOTORS CE 370 16.60 6,175 5,80,500

LICHSGFIN CE 500 10.45 5,829 12,04,500

MOST ACTIVE PUT OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 8,100 57.40 5,44,663 45,81,750

NIFTY PE 8,000 34.00 5,13,810 59,82,825

BANKNIFTY PE 17,000 85.00 57,037 7,90,225

TATAMOTORS PE 360 5.10 5,668 10,67,500

HINDUNILVR PE 780 12.55 4,363 2,50,250

RELIANCE PE 880 8.70 3,537 4,67,000

LICHSGFIN PE 480 6.20 3,301 3,79,500

HINDUNILVR PE 740 2.95 2,735 1,23,750

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 69043 1932.34 75325 2036.95 993104 24466.6 -104.607

INDEX OPTIONS 347750 9194.98 323024 8445.36 2228053 70901.5 749.6242

STOCK FUTURES 91578 2515.54 97125 2711.55 1803173 48274.6 -196.014

STOCK OPTIONS 71260 1738.93 71872 1745.07 132078 3567.41 -6.135

TOTAL 442.86

STOCKS IN NEWS Adani Power to supply 50 MW to Indian Railways at Rs

3.69 per unit ONGC takes part in Kuwait Oil & Gas Show 2015 for the

first time Karur Vysya Bank Q2 profit jumps 57%, provisions &

NPA rise Mindtree Q2 beats forecast, net up 14%, $ revenue

rises 16% Oil regulator orders encashing bank guarantee of GAIL Hathway carves out broadband biz, increase focus on it NIFTY FUTURE

Nifty Future in yesterday trading session had a better movement after a week of trades but it could not close above 8200 level, which shows Nifty may go week for tomorrow again. Sell on rise strategy is recommended as Nifty Future is respecting the resistance of 8250, so sell it around 8250-8300 for the targets of 8150 and 8000 with strict stop loss of 8400

INDICES R2 R1 PIVOT S1 S2

NIFTY 8,228.00 8,204.00 8,167.00 8,143.00 8,106.00

BANK NIFTY 17,844.00 17,765.00 17,673.00 17,594.00 17,502.00


DAILY REPORT

16th

OCT. 2015


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

Oil prices took back overnight losses made when the U.S. government reported a larger-than-expected crude stock-pile build. U.S. crude CLc1 was up 1.2 percent at $46.92 a

barrel, after shedding 0.6 percent on Thursday.

Gold continued to rise today, surging to its three and half month highs amid continued buying support. Stocks edged higher as expectations build that the Federal Reserve will

delay raising interest rates soon and traders eyed the earn-ings data. Gold is also drawing fresh buying after a clear

break above 100 day EMA. COME Gold is currently trading at $1186 per ounce, up 0.50% on the day. MCX Gold futures

ended just above Rs 27200 per 10 grams mark yesterday and currently trade at Rs 27246 per 10grams, up 0.15% on

the day after hitting highs near Rs 27670 per 10 grams.

Silver prices rose marginally to Rs 37,596 per kg in futures

trading today as speculators widened positions amid a firm-

ing trend in precious metals overseas. At MCX silver for de-livery in Dec was trading higher by Rs 21, or 0.06%, at Rs

37,596 per kg in business turnover of 2,054 lots. Likewise,

the white metal for delivery in March gained Rs 19, or

0.05%, to Rs 38,295 per kg in 31 lots. Market analysts said positions enlarged by speculators in tandem with a firming

trend in the precious metals overseas on speculation that

the US Fed will delay hike in interest rates and weakening dollar, influenced silver prices at futures trade. Meanwhile,

silver was up 0.22% at $16.16 an ounce in Singapore.

The prices of Copper on LME have faced lot of pressure

since last year. The metal has already corrected by more than 22.5% so far in October compared to last year. De-clines were noted considering that Copper and other riskier assets will no longer witness the demand they had been

enjoying earlier after Chinese debacle. However, the prices have already been quite weak and it looks that the strength of bears looks vulnerable for further sell off. The rates are discounted and any positive news is likely to bring sharp

spikes.

Indian Copper prices depleted by 17.3% to Rs 339 per kg in so far till mid-October 2015 compared to Rs 409.96 per kg at the start of the year. On the yearly to date basis the cor-

rection has been 6.8% in domestic prices. Meanwhile, LME

Copper has corrected 10.3% since January this year. The prices have corrected to $5217 per tonne in mid-October

2015 from $ 6734 per tonne in October 2014.


DAILY REPORT

16th

OCT. 2015


NCDEX

NCDEX ROUNDUP Chana futures traded 0.75% lower at Rs 5,156 per quintal today on profit-booking by speculators at prevailing levels amid easing demand in the spot market. In futures trading at NCDEX chana for delivery in October fell Rs 39, or 0.75%, to Rs 5,156 per quintal, with an open interest of 190 lots. Likewise, the commodity for delivery in November moved down by Rs 28, or 0.53%, to Rs 5,223 per quintal in 65,160 lots. Besides profit-booking by speculators, fall in demand in the spot market at existing higher levels, mainly led to decline in chana prices at futures trade The NCDEX Jeera futures corrected from their five week highs today as traders booked profits after an impressive rally. How-ever, the overall scenario remained well supported for the com-modity as traders are expecting a drop in acreage under Jeera. The benchmark NCDEX Jeera futures for November broke through Rs 16000 per quintal mark at the start of this month and topped highs above Rs 17000 per quintal in intraday moves yesterday. The counter failed to close above the watershed mark in last ses-sion and dropped heavily in first couple of hours of trade. How-ever thin arrivals in Unjha mandi capped the downside in the con-tract. The commodity is currently trading at Rs 16590 per quintal, down 0.33% on the day after testing lows near Rs 16500 mark. Fresh buying was seen in sugar market due to anticipation of weak production along with weak production estimates for the current year. Weaker sugar production from Maharashtra and Karnataka will push overall production levels down, despite higher output from Uttar Pradesh. Assuming sugar prices remain de-pressed in the short to medium-term, cane supplies to sugar mills will decline. USDA revises down sugarcane planted area and pro-duction forecast for MY 2015/16 from 5.06 million hectares (MH) and 350 MMTs to 4.9 MH and 345 MMT, respectively. The prices were also supported by strong physical demand ahead of festive season. The NCDEX December futures increased by 1.37 percent to close at Rs 2747 per quintal. The NCDEX futures added 0.90 percent in open interest indicating fresh buying by traders.

NCDEX INDICES

Index Value % Change

CAETOR SEED 3991 -0.57

CHANA 5211 +0.31

CORIANDER 11770 -0.61

COTTON SEED 1686 +1.87

GUAR SEED 4220 +2.03

JEERA 16200 -1.34

MUSTARDSEED 4977 -0.12

REF. SOY OIL 642 -0.28

TURMERIC 2765 +0.91

WHEAT 7978 -1.60

RECOMMENDATIONS

DHANIYA

BUY CORIANDER NOV ABOVE 12050 TARGET 12078 12158

SL BELOW 12023

SELL CORIANDER NOV BELOW 11910 TARGET 11882 11802

SL ABOVE 11937

GUARSGUM

BUY GUARGUM NOV ABOVE 8960 TARGET 9010 9080 SL

BELOW 8900

SELL GUARGUM NOV BELOW 8660 TARGET 8610 8540 SL

ABOVE 8720


DAILY REPORT

16th

OCT. 2015


RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 64.8240 Yen-100 54.6100

Euro 74.5022 GBP 100.4124

CURRENCY

USD/INR

BUY USD/INR OCT ABOVE 65.05 TARGET 65.18 65.33 SL BE-

LOW 64.85

SELL USD/INR OCT BELOW 64.8 TARGET 64.67 64.52 SL

ABOVE 65

EUR/INR

BUY EUR/INR OCT ABOVE 74.45 TARGET 74.6 74.8 SL BE-

LOW 74.25

SELL EUR/INR OCT BELOW 74.11 TARGET 73.96 73.76 SL

ABOVE 74.31

CURRENCY MARKET UPDATES:

The dollar surged higher against a basket of currencies on Thursday, as upbeat data released by the Labor depart-ment eased some concerns over the health of the econ-omy. The dollar index, which measures the greenback's strength against a trade-weighted basket of six major cur-rencies, climbed 0.63% to 94.55, after hitting the lowest level since August 26 earlier in the day. The dollar eased off a two-and-a-half month trough after the U.S. Department

of Labor reported on Thursday that the number of indi-viduals filing for initial jobless benefits in the week ending October 10 decreased by 7,000 to 255,000 from the previ-ous week's total of 262,000.

The European unit declined 0.64% to 1.1400 versus the greenback, pulling away from a 1-1/2 month peak of 1.1495 hit overnight. The dollar trimmed losses against the yen, with USD/JPY down 0.25% at 118.53, off a more than one-month low of 118.06 hit earlier in the session. As

against the pound, dollar moved higher with GBP/USD down 0.30% at 1.5430.

The rupee on Thursday opened at 64.74 as against the pre-vious close of 65.03. It does not foresee much turmoil in the global financial market if the US Fed raises rate either in Dec 2015 or takes it to 2016. Some short-term volatility in the rupee can occur due to readjustments carried out by foreign institutional investors in their portfolios towards the year end or in the beginning of 2016.

The rupee extended gains for the second straight session

against the US currency by firming up 21 paise to close at 64.82 a dollar on sustained selling of greenback by banks and exporters amid persistent foreign capital in-flows into the equity market. FPIs bought shares worth a net Rs 121.75 crore on Wednesday. The domestic currency has gained 36 paise or 0.55 per cent in two days. The do-mestic unit hovered in a range of 64.87 and 64.71 during the day. The US dollar plunged to around seven-week lows

against a basket of currencies in early Asian trade, after weak US retail sales data reinforced hopes of delay in hike of interest rates by the US Federal Reserve.


DAILY REPORT

16th

OCT. 2015


CALL REPORT

PERFORMANCE UPDATES

Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

09/10/15 NCDEX DHANIYA NOV. BUY 12100 12130-12210 12073 SL TRIGGERED

09/10/15 NCDEX DHANIYA NOV. SELL 11980 11950-11870 12007 BOOKED PROFIT

09/10/15 NCDEX GUARGUM NOV. BUY 8840 8890-8960 8780 SL TRIGGERED

09/10/15 NCDEX GUARGUM NOV. SELL 8610 8560-8490 8670 NOT EXECUTED

09/10/15 MCX GOLD OCT. BUY 27300 27380-27470 27200 SL TRIGGERED

09/10/15 MCX GOLD OCT. SELL 27100 27020-26930 27200 SL TRIGGERED

09/10/15 MCX SILVER DEC. BUY 37500 37700-38000 37200 SL TRIGGERED

09/10/15 MCX SILVER DEC. SELL 37200 37000-36700 37500 SL TRIGGERED

09/10/15 USD/INR OCT. BUY 65.27 65.40-65.55 65.07 NOT EXECUTED

09/10/15 USD/INR OCT. SELL 65.13 65.00-64.85 65.33 BOOKED FULL PROFIT

09/10/15 EUR/INR OCT. BUY 74.50 74.65-74.85 74.30 SL TRIGGERED

09/10/15 EUR/INR OCT. SELL 74.15 74.00-73.80 74.35 SL TRIGGERED

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

09/10/15 NIFTY FUTURE SELL 8180 8100-7050 8350 CALL OPEN

09/10/15 RELCAPITAL FUTURE SELL 400-405 395-387 411 CALL OPEN

09/10/15 RELINFRA FUTURE SELL 375-378 370-3765 385 CALL OPEN

09/10/15 KAJARIACER CASH BUY 850 860-870 840 NOT EXECUTED

08/10/15 YESBANK FUTURE BUY 730-735 750-765 715 BOOKED FULL PROFIT

09/10/15 NIFTY FUTURE SELL 8190 8070-7950 8380 CALL OPEN


DAILY REPORT

16th

OCT. 2015


NEXT WEEK'S U.S. ECONOMIC REPORTS

ECONOMIC CALENDAR

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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


Epic research special report of 16 oct 2015

Business

Transcript of Epic research special report of 16 oct 2015