Epic research special report of 17 aug 2015

8
DAILY REPORT 17 th AUG. 2015 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Wall Street ended a volatile trading week higher on Friday after the release of upbeat economic data and as euro zone finance ministers agreed to launch a third bailout program for Greece. The Dow Jones Industrial Average and the S&P 500 added 0.4 percent each, while the tech-heavy Nasdaq ended 0.3 percent higher on Friday. Asian stocks were little changed on Monday as investors' nerves continued to settle after China's surprise yuan de- valuation last week, while the dollar held modest gains against the euro after upbeat U.S. economic data. Hong Kong stocks were largely flat on Friday, when global mar- kets calmed after China's central bank soothed investor fears triggered by the yuan's shock devaluation earlier in the week. European stocks steadied on Friday to consolidate a re- bound in the previous session, although they remained set for their biggest weekly loss in six weeks following moves by China to let its currency weaken. The euro zone's blue- chip Euro STOXX 50 index closed down 0.7 percent. The broader pan-European FTSEurofirst 300 index retreated 0.1 percent to record a loss of 3 percent over the week - its worst weekly performance since early July. Both the Euro STOXX 50 and FTSEurofirst remain up around 10% since the start of 2015, as economic stimulus measures from the European Central Bank have helped to prop up the region's stock markets. Previous day Roundup Ahead of Independence day, the market ended with a bang with great support from banks, auto, IT, pharma and infra stocks. The midcaps did even better with the index rallying over 2 percent. The Sensex was up 517.78 points or 1.9 percent at 28067.31 and the Nifty was up 162.70 points or 1.9 percent at 8518.55. About 1795 shares have advanced, 1057 shares declined, and 129 shares are unchanged. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 17.61pts], Capital Goods [up 325.14pts], PSU [up 95.42pts], FMCG [up 24.15pts], Realty [up 100.99pts], Power [up 28.34pts], Auto [up 455.88pts], Healthcare [up 343.50Pts], IT [up 60.94pts], Metals [up 105.36pts], TECK [up 46.39pts], Oil& Gas [up 79.15pts]. World Indices Index Value % Change D J l 17,477.40 +0.40 S&P 500 2,091.54 +0.39 NASDAQ 5,048.24 +0.29 FTSE 100 6,550.74 -0.27 Nikkei 225 20,950.26 +0.35 Hong Kong 23,732.05 -1.08 Top Gainers Company CMP Change % Chg PNB 166.55 13.70 8.96 ZEEL 420.00 19.20 4.79 YESBANK 795.90 33.75 4.43 BANKBARODA 184.40 7.65 4.33 KOTAKBANK 718.05 27.30 3.95 ICICIBANK 302.80 10.90 3.73 VEDL 107.15 3.75 3.63 Top Losers Company CMP Change % Chg DRREDDY 4,241.25 50.50 -1.18 BPCL 875.00 10.25 -1.16 INFY 1,148.45 9.55 -0.82 Stocks at 52 Week’s HIGH Symbol Prev. Close Change %Chg DRREDDY 4,241.25 -50.50 -1.18 GLENMARK 1,132.40 73.05 6.90 INFY 1,148.45 -9.55 -0.82 MARUTI 4,586.70 93.85 2.09 ZEEL 420.00 19.20 4.79 Indian Indices Company CMP Change % Chg NIFTY 8518.55 +162.70 +1.95 SENSEX 28067.31 +517.78 +1.88 Stocks at 52 Week’s LOW Symbol Prev. Close Change %Chg CAIRN 156.00 1.80 1.17 GAIL 337.10 5.05 1.52 HINDALCO 93.00 2.20 2.42

Transcript of Epic research special report of 17 aug 2015

Page 1: Epic research special report of 17 aug 2015

DAILY REPORT

17th

AUG. 2015

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance

Wall Street ended a volatile trading week higher on Friday

after the release of upbeat economic data and as euro zone

finance ministers agreed to launch a third bailout program

for Greece. The Dow Jones Industrial Average and the S&P

500 added 0.4 percent each, while the tech-heavy Nasdaq

ended 0.3 percent higher on Friday.

Asian stocks were little changed on Monday as investors'

nerves continued to settle after China's surprise yuan de-

valuation last week, while the dollar held modest gains

against the euro after upbeat U.S. economic data. Hong

Kong stocks were largely flat on Friday, when global mar-

kets calmed after China's central bank soothed investor

fears triggered by the yuan's shock devaluation earlier in

the week.

European stocks steadied on Friday to consolidate a re-

bound in the previous session, although they remained set

for their biggest weekly loss in six weeks following moves

by China to let its currency weaken. The euro zone's blue-

chip Euro STOXX 50 index closed down 0.7 percent. The

broader pan-European FTSEurofirst 300 index retreated 0.1

percent to record a loss of 3 percent over the week - its

worst weekly performance since early July. Both the Euro

STOXX 50 and FTSEurofirst remain up around 10% since the

start of 2015, as economic stimulus measures from the

European Central Bank have helped to prop up the region's

stock markets.

Previous day Roundup

Ahead of Independence day, the market ended with a bang

with great support from banks, auto, IT, pharma and infra

stocks. The midcaps did even better with the index rallying

over 2 percent. The Sensex was up 517.78 points or 1.9

percent at 28067.31 and the Nifty was up 162.70 points or

1.9 percent at 8518.55. About 1795 shares have advanced,

1057 shares declined, and 129 shares are unchanged.

Index stats

The Market was very volatile in last session. The sartorial

indices performed as follow; Consumer Durables [up

17.61pts], Capital Goods [up 325.14pts], PSU [up 95.42pts],

FMCG [up 24.15pts], Realty [up 100.99pts], Power [up

28.34pts], Auto [up 455.88pts], Healthcare [up 343.50Pts],

IT [up 60.94pts], Metals [up 105.36pts], TECK [up 46.39pts],

Oil& Gas [up 79.15pts].

World Indices

Index Value % Change

D J l 17,477.40 +0.40

S&P 500 2,091.54 +0.39

NASDAQ 5,048.24 +0.29

FTSE 100 6,550.74 -0.27

Nikkei 225 20,950.26 +0.35

Hong Kong 23,732.05 -1.08

Top Gainers

Company CMP Change % Chg

PNB 166.55 13.70 8.96

ZEEL 420.00 19.20 4.79

YESBANK 795.90 33.75 4.43

BANKBARODA 184.40 7.65 4.33

KOTAKBANK 718.05 27.30 3.95

ICICIBANK 302.80 10.90 3.73

VEDL 107.15 3.75 3.63

Top Losers

Company CMP Change % Chg

DRREDDY 4,241.25 50.50 -1.18

BPCL 875.00 10.25 -1.16

INFY 1,148.45 9.55 -0.82

Stocks at 52 Week’s HIGH

Symbol Prev. Close Change %Chg

DRREDDY 4,241.25 -50.50 -1.18

GLENMARK 1,132.40 73.05 6.90

INFY 1,148.45 -9.55 -0.82

MARUTI 4,586.70 93.85 2.09

ZEEL 420.00 19.20 4.79

Indian Indices

Company CMP Change % Chg

NIFTY 8518.55 +162.70 +1.95

SENSEX 28067.31 +517.78 +1.88

Stocks at 52 Week’s LOW

Symbol Prev. Close Change %Chg

CAIRN 156.00 1.80 1.17

GAIL 337.10 5.05 1.52

HINDALCO 93.00 2.20 2.42

Page 2: Epic research special report of 17 aug 2015

DAILY REPORT

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STOCK RECOMMENDATION [CASH]

1. EMAMI (CASH)

On EOD chat EMAMI finished with 2% gain while it is mak-ing higher highs & lower highs, and momentum indicator also given cross over so we advise to buy it above 1310 use stop loss of 1295 for target of 1325-1340-1360

MACRO NEWS

Wholesale prices contracted for 9th straight month. July WPI declines faster-than-expected to -4.05% due to weak food & fuel prices, lowest level since June, 1976.

Jet Airways Q1 net profit at Rs 222 cr, exceptional gain of Rs 128 cr. Net income up 11%

BPCL Q1 net rises 95% to Rs 2376 cr; GRMs grow to $8.55/bbl

Hindalco Q1 net falls 67% to Rs 107 cr; income rises

Jet Q1 net at Rs 222cr on exceptional gain; income up 11%

GMR Infrastructure Q1 net loss shrinks to Rs 429 cr

Arun Jaitley is expected to announce a slew of measures including capital infusion details, new appointments and ways to tackle bad loans.

Modi govt unveils 7-point revamp plan for PSU Banks

India Ratings and Research revises auto sales volume expectations for FY16

Jubilant FoodWorks posts 4.6% growth in June quarter; jump in sales for consecutive quarters

Govt to distribute solar devices in rural, tribal areas

Oil marketing companies start bio diesel supply at select outlets. Coal Auction Round III nets govt Rs 4,362 cr

STOCK RECOMMENDATIONS [FUTURE] 1. YES BANK [FUTURE]

On Thursday YESBANK FUTURE break important support of 774 where it given many time bounce back while on Friday it made low of 767.90 and finished at 796 with 3.85% gain since market given smart bounce from support level so we may seen same move in YESBANK so we advise to buy it around 785-789 for target of 799-810 with strict SL of 768.

2. KSCL [FUTURE]

In Last week KSCL FUTURE depreciated around 20% on Fri-day it finished at 592 with 6% loss on EOD chart and in Cash market it made 52 week low & it has support around 574 so we advise to sell it below 584 for target of 579-575 and if it break this level then it can be fall up to 5-6% .

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DAILY REPORT

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FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 8,600 63.50 9,31,200 48,82,700

NIFTY CE 8,500 115.90 8,93,071 30,32,675

BANKNIFTY CE 19000 194 1,22,103 6,53,725

RELIACNE CE 1,000 7.00 9,571 18,47,250

RELIACNE CE 980 12.40 8,235 9,10,250

SBIN CE 280 3.40 7,594 49,01,000

SBIN CE 270 6.65 7,472 32,34,000

RELIANCE CE 960 20.90 6,843 5,59,750

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 8,400 43.00 9,83,506 45,27,200

NIFTY PE 8,300 24.30 8,33,205 60,25,850

BANKNIFTY PE 18,000 52.20 92,458 5,50,975

RELIACNE PE 940 6.15 4,335 4,65,000

SBIN PE 260 3.20 3,835 26,08,000

DLF PE 120 1.65 3,673 27,24,000

DLF PE 110 0.70 3,210 23,44,000

RELIANCE PE 920 2.90 3,133 3,85,500

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 65903 1662.70 73630 1698.26 915285 21040.70 -35.56

INDEX OPTIONS 547669 14272.19 583438 15054.58 3732654 92390.78 -782.38

STOCK FUTURES 200859 5413.00 210581 5734.92 1859769 51246.35 -321.93

STOCK OPTIONS 106520 2960.32 112184 3114.36 139655 3766.41 -154.04

TOTAL -1293.91

STOCKS IN NEWS M&M to launch SUV TUV300 next month Oriental Bank of Commerce cuts lending rate by 0.1

per cent; to be effective from August 17 IRB Infrastructure developers decides to raise about Rs

15,000 crore through trusts L&T exits investments from Coimbatore-based Salzer

Electronics Jaypee Cement wins Majra coal block in Maharashtra

for Rs 1,230 per tonne NIFTY FUTURE

NIFTY in last trading session reversed back from support and rallied around 2%. With a bang Nifty Future regained all the losses and closed a long bullish candle but it also has a strong resistance 8680 which has made Nifty come down many a times. So we may Buy Nifty Future on small dip around 8500 for the targets of 8580, 8700 with strict stop loss of 8350

INDICES R2 R1 PIVOT S1 S2

NIFTY 8,625.52 8,572.03 8,476.62 8,423.13 8,327.72

BANK NIFTY 19,133.80 18,928.70 18,560.90 18,355.80 17,988.00

Page 4: Epic research special report of 17 aug 2015

DAILY REPORT

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RECOMMENDATIONS

GOLD

TRADING STRATEGY:

BUY GOLD OCT ABOVE 25850 TGTS 25930,26020 SL BE-

LOW 25760

SELL GOLD OCT BELOW 25700 TGTS 25620,25530 SL

ABOVE 25790

SILVER

TRADING STRATEGY:

BUY SILVER SEP ABOVE 35600 TGTS 35800,36100 SL BE-

LOW 35300

SELL SILVER SEP BELOW 35300 TGTS 35100,34800 SL

ABOVE 35600

COMMODITY ROUNDUP

Copper Prices trimmed the gains maintained in last few days and prices in Indian markets have remained below Rs 340 per kg for most time of the year. The metal tested a high of Rs 340.95 per kg, but went down and was last trad-ing at Rs 338 per kg. The prices were down 0.67%.

The People's Bank of China set the yuan midpoint slightly stronger, undoing some of the damage done to global mar-kets earlier in the week when it devalued the currency and then allowed it to weaken further. A weaker yuan makes imports for China, the world's top metals consumer, more expensive.

MCX Gold futures recovered from intraday lows today as the global prices witnessed some buying in the European trades. The yellow metal has witnessed a runway rally this week. COMEX Gold hit a three week high above $1120 per ounce amid a panic set by the China's unexpected devalua-tion of the yuan. China's central bank devalued the Yuan by nearly 2%,allowing the currency to fall to levels last seen in 2011, in an effort to make the country's exports more com-petitive. However, the global stock markets seem to have digested the news as some solace returned in equities kept a tab on gold.

MCX Gold futures recovered from intraday lows today as the global prices witnessed some buying in the European trades. The yellow metal has witnessed a runway rally this week. COMEX Gold hit a three week high above $1120 per ounce amid a panic

Copper Prices trimmed the gains maintained in last few days and prices in Indian markets have remained below Rs 340 per kg for most time of the year. The metal tested a high of Rs 340.95 per kg, but went down and was last trad-ing at Rs 338 per kg. The prices were down 0.67%.

Silver prices declined 0.19% to Rs 35,937 per kg in futures trade today as speculators reduced their exposure amid a weak trend in global markets. At MCX silver prices for deliv-ery in September contracts traded lower by Rs 70, or 0.19%, to Rs 35,937 per kg in business turnover of 182 lots. Simi-larly, the white metal prices for delivery in far-month De-cember declined Rs 43, or 0.12%, to Rs 36,732 per kg in business volume of 12 lots. In the international market, sil-ver prices fell 0.30% to 15.39 an ounce in Singapore.

Page 5: Epic research special report of 17 aug 2015

DAILY REPORT

17th

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NCDEX

RECOMMENDATIONS

DHANIYA

BUY CORIANDER SEP ABOVE 10465 TARGET 10495 10545 SL

BELOW 10435

SELL CORIANDER SEP BELOW 10140 TARGET 10110 10060

SL ABOVE 10170

GUARSGUM

BUY GUARGUM OCT ABOVE 7970 TARGET 8020 8090 SL

BELOW 7910

SELL GUARGUM OCT BELOW 7680 TARGET 7630 7560 SL

ABOVE 7740

NCDEX ROUNDUP

The index for this major group declined by 0.5% to 247.2 (provisional) from 248.4 (provisional) for the previous month. The index for 'Food Articles' group declined by 0.6% to 255.7 (provisional) from 257.3 (provisional) for the previ-ous month due to lower price of fish-inland (5%), fruits & vegetables, jowar and poultry chicken (3% each), ragi (2%) and egg, fish-marine, pork and bajra (1% each). However, the price of urad (5%), masur and arhar (4% each), beef & buffalo meat and tea (3% each), gram and condiments & spices (2% each) and wheat, barley, coffee and moong (1% each) moved up.

India's vegetable oil import is likely to set new record at 14 million tonnes this year on lower availability from domestic sources and subdued price trend. At this level,veg oil import would show a growth of over 20% at 11.62 million tonnes in 2013-14. In July alone, import of vegetable oil has jumped by 35% to 1.50 million tonnes, the highest ever monthly figure, from 1.11 million tonnes in the same month last year

Chana prices were up 0.55 per cent to Rs 4,558 per quintal in futures trade after participants created positions on the back of tight supplies from producing regions at spot market against pickup in demand. At NCDEX chana for delivery in September rose Rs 25, or 0.55 per cent to Rs 4,558 per quin-tal with an open interest of 1,48,900 lots. Similarly, the commodity for August contracts gained Rs 21, or 0.46 per cent to Rs 4,569 per quintal in 12,920 lots. Besides tight stocks in the market following restricted arrivals from pro-ducing belts, pickup in demand mainly led to the rise in chana prices in futures trade.

NCDEX INDICES

Index Value % Change

CAETOR SEED 4058 +0.32

CHANA 4571 +0.51

CORIANDER 10090 -0.39

COTTON SEED 1926 -0.31

GUAR SEED 3557 -0.34

JEERA 15195 -0.07

MUSTARDSEED 4111 -0.24

REF. SOY OIL 583.5 +0.80

SUGAR M GRADE 7200 +0.98

TURMERIC 1500 +0.47

Page 6: Epic research special report of 17 aug 2015

DAILY REPORT

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RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 65.1225 Yen-100 52.3500

Euro 72.5595 GBP 101.6171

CURRENCY

USD/INR

BUY USD/INR AUG ABOVE 65.45 TARGET 65.58 65.73 SL BE-

LOW 65.25

SELL USD/INR AUG BELOW 64.5 TARGET 64.37 64.22 SL

ABOVE 64.7

EUR/INR

BUY EUR/INR AUG ABOVE 72.98 TARGET 73.13 73.33 SL BE-

LOW 72.78

SELL EUR/INR AUG BELOW 72.5 TARGET 72.35 72.15 SL

ABOVE 72.7

CURRENCY MARKET UPDATES: Snapping its seven-day-long losing streak, the rupee on Friday closed 10 paise higher at 65 against the US dollar on fresh selling of the American currency by banks and ex-porters on hopes of resumption of foreign capital inflows into equity markets. The rupee resumed lower at 65.19 as against Thursday's closing level of 65.10 and dropped fur-ther to 65.34 on initial dollar demand from banks and im-porters in view of a firm greenback in the overseas market amidst falling crude oil prices. However, it recovered from initial losses to 64.95 before concluding the day at 65, showing a gain of 10 paise, or 0.15 per cent. It had lost 136 paise, or 2.13 per cent, in the previous seven days. The lo-cal unit hovered in a range of 64.95 and 65.34 during the day. The US dollar index was trading lower by 0.23 per cent in late afternoon trade. Continuing its downward march for the seventh straight session, the rupee today plummeted by 32 paise to close at 65.10 against the dollar, hitting its weakest level last seen in September 2013, as China further devalued yuanThe rupee resumed higher at 64.72 as against yesterday's clos-ing level of 64.78 at the Interbank Foreign Exchange and firmed up to 64.63 on initial dollar selling by exporters on the back of recovery in the equity market. But, the domes-tic currency faile . The dollar was steady on Friday after China's central bank appeared to have stopped guiding the yuan lower for now, easing concerns that a weaker Chinese currency could de-rail plans by the US Federal Reserve to raise interest rates. The dollar traded at 124.40 yen, flat from late US levels and above this week's low of 124.21 yen. For the week, it was up about 0.1 per cent. China's move to weaken the yuan last week could head off further similar "adjustments", and the yuan is likely to move in both directions as the economy stabilizes, Ma Jun, chief economist at the central bank said on Sunday.The People's Bank of China (PBOC) shocked global markets by devaluing the yuan by nearly 2 percent on Aug. 11. The PBOC called it a free-market reform but some saw it as the start of a long-term yuan depreciation to spur exports

Page 7: Epic research special report of 17 aug 2015

DAILY REPORT

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CALL REPORT

S T O

PERFORMANCE UPDATES

Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

14/08/15 NCDEX DHANIYA SEPT. BUY 10465 10495-10545 10435 NOT EXECUTED

14/08/15 NCDEX DHANIYA SEPT. SELL 10280 10250-10200 10310 BOOKED PROFIT

14/08/15 NCDEX GUARGUM OCT. BUY 7970 8020-8090 7910 NOT EXECUTED

14/08/15 NCDEX GUARGUM OCT. SELL 7790 7740-7670 7850 BOOKED FULL PROFIT

14/08/15 MCX GOLD OCT. BUY 26000 26080-26170 25910 NOT EXECUTED

14/08/15 MCX GOLD OCT. SELL 25850 25770-25680 25940 BOOKED PROFIT

14/08/15 MCX SILVER SEPT. BUY 36200 36500-36900 35900 SL TRIGGERED

14/08/15 MCX SILVER SEPT. SELL 35900 35700-35400 36200 SL TRIGGERED

14/08/15 USD/INR AUG. BUY 63.34 63.47-63.62 63.14 NOT EXECUTED

14/08/15 USD/INR AUG. SELL 64.93 64.80-64.65 65.13 NOT EXECUTED

14/08/15 EUR/INR AUG. BUY 72.69 72.84-73.04 72.49 BOOKED PROFIT

14/08/15 EUR/INR AUG. SELL 72.42 72.27-72.07 72.62 NOT EXECUTED

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

14/08/15 NIFTY FUTURE SELL 8460-8480 8380-8250 8600 CALL OPEN

14/08/15 MINDTREE FUTURE SELL 1390-1395 1375-1360 1320 BOOKED PROFIT

14/08/15 SAIL FUTURE SELL 54 53-52 55.10 SL TRIGGERED

14/08/15 MARKSON CASH SELL 101 99-97-95 103 NOT EXECUTED

11/08/15 NIFTY FUTURE BUY 8450-8470 8550-8650 8300 BOOKED PROFIT

Page 8: Epic research special report of 17 aug 2015

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NEXT WEEK'S U.S. ECONOMIC REPORTS

ECONOMIC CALENDAR

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TIME REPORT PERIOD ACTUAL CONSENSUS

FORECAST PREVIOUS

MONDAY, AUG. 17

8:30 AM EMPIRE STATE INDEX AUG. -- 3.9

10 AM HOME BUILDERS' INDEX AUG. -- 60

TUESDAY, AUG. 18

8:30 AM HOUSING STARTS JULY 1.24 MLN 1.174 MLN

8:30 AM BUILDING PERMITS JULY -- 1.337 MLN

WEDNESDAY, AUG. 19

8:30 AM CONSUMER PRICE INDEX JULY 0.1% 0.3%

8:30 AM CORE CPI JULY 0.2% 0.2%

2 PM FOMC MINUTES JULY 28-

29

THURSDAY, AUG. 20

8:30 AM WEEKLY JOBLESS CLAIMS AUG. 15 N/A N/A

10 AM PHILLY FED AUG. -- 5.7

10 AM EXISTING HOME SALES JULY 5.40 MLN 5.49 MLN

10 AM LEADING INDICATORS JULY -- 0.6%

FRIDAY, AUG. 21

NONE SCHEDULED