Epic Research Special Report of 27 Aug 2015
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Transcript of Epic Research Special Report of 27 Aug 2015
DAILY REPORT
27th
AUG. 2015
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance
European shares ended nearly two percent lower on
Wednesday after a volatile session, hit by a late drop in
Syngenta after Monsanto dropped its offer for the com-
pany. Stocks remain highly sensitive to fears over Chinese
growth which have wreaked havoc in markets for days, but
benchmark indexes closed above session lows on an early
Wall Street rally and hopes of monetary stimulus from the
European Central Bank. The FTSEurofirst, which risks post-
ing its biggest monthly loss in seven years, suffered its
worst one-day drop since November 2008 on Monday, and
rallied in the following session after a Chinese interest rate
cut boosted markets. Germany's DAX weakened by 1.3 per-
cent, leaving it some 20 percent below a record high hit in
April.
Wall Street racked up its biggest one-day gain in four years
on Wednesday as fears about China's economy gave way to
bargain hunters emboldened by expectations the US Fed-
eral Reserve might not raise interest rates next month. The
Dow Jones industrial average finished 3.95 percent higher
at 16,285.51. Its gain of 619.07 points was its biggest since
2008. The S&P 500 gained 3.9 percent to 1,940.51 and the
Nasdaq Composite added 4.24 percent to end at 4,697.54.
Up to Tuesday's close, the Dow had lost 10.71 percent in
the past six trading days and the Nasdaq composite had
shed 11.5 percent. The S&P is now down 5.8 percent in
2015.
Previous day Roundup
Equity benchmarks lost more than one percent on Wednes-
day ahead of July F&O contracts expiry and dragged by
weak global cues. The Sensex plunged 317.72 points or
1.22 percent to 25714.66 and the 50-share NSE Nifty
slipped 88.85 points or 1.13 percent to 7791.85. The BSE
Midcap also lost ground, down 0.8 percent. The market
breadth was marginally negative as about 1332 shares ad-
vanced against 1339 shares declined on the BSE.
Index stats
The Market was very volatile in last session. The sartorial
indices performed as follow; Consumer Durables [down
50.01pts], Capital Goods [down 147.88pts], PSU [down
40.64pts], FMCG [down 74.13pts], Realty [down 2.50pts],
Power [up 29.54pts], Auto [down 124.04Pts], Healthcare
[down 198.20Pts], IT [down 105.14pts], Metals [up
16.37pts], TECK [down 62.23pts], Oil& Gas [down
84.57pts].
World Indices
Index Value % Change
D J l 16285.51 +3.95
S&P 500 1940.51 +3.90
NASDAQ 4697.54 +4.24
FTSE 100 5979.20 -1.68
Nikkei 225 18724.31 +1.89
Hong Kong 21583.73 +2.39
Top Gainers
Company CMP Change % Chg
BHEL 240.90 9.90 4.29
TATAPOWER 60.40 1.90 3.25
CAIRN 128.95 3.10 2.46
POWERGRID 131.15 2.55 1.98
BAJAJ-AUTO 2,240.50 42.30 1.92
Top Losers
Company CMP Change % Chg
TECHM 506.50 21.50 -4.07
HEROMOTOCO 2,370.00 94.50 -3.83
AMBUJACEM 199.75 7.85 -3.78
HDFC 1,108.95 36.60 -3.19
BANKBARODA 177.00 5.65 -3.09
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
- -
Indian Indices
Company CMP Change % Chg
NIFTY 7791.85 -88.85 -1.13
SENSEX 25714.66 -317.72 -1.22
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
AMBUJACEM 199.75 -7.85 -3.78
ONGC 223.75 -6.90 -2.99
MOIL 210.00 2.30 1.11
COROMANDEL 185.60 -2.55 -1.36
DHANBANK 27.80 0.65 2.39
DAILY REPORT
27th
AUG. 2015
YOUR MINTVISORY Call us at +91-731-6642300
STOCK RECOMMENDATION [CASH]
1. TATAELEXI (CASH)
TATAELEXI given sign of reversal, in early session it sharply rose and made high of 1864.90 but due to depreciation in Nifty it come down & it finished at 1790 with bullish candle since volume also rose, so it will be good to buy it above 1806 for target of 1820-1840-1860+ use stop loss of 1785
MACRO NEWS
Pharma companies in focus -Products worth USD 600 million may be divested due to Teva–Allergen deal - Dr Reddy’s Labs , Sun Pharma , Cipla , Strides Arco-lab among those who may likely bid for these products
Bharti Airtel -Signs agreement to acquire 100 percent stake in Augere Wireless Broadband
ONGC -Submits draft field development plan for KG dis-coveries
RBI -Removes Hathway Cable from the ban list for FII investment
Coal India trade unions to support September 2 nation-wide strike call
Lupin gets USFDA nod for anti-inflammatory drug
Jefferies upgrades Infosys to buy; revenue, weak INR key
Life insurance industry to grow to $400bn by 2020
Fed rate hike may hurt Indian cos with dollar debt
Govt infuse Rs 5,393cr in SBI; IOB, UBI to also get funds
Govt 10% stake sale not to impact IOC's ratings: Moody's
Cipla urges government to support capital investment, R&D for pharma industry
Dr Reddy’s Labs rejigs top deck as North America head quits - Power Grid seeks to raise Rs 14,000 crore
STOCK RECOMMENDATIONS [FUTURE] 1. STRANSFIN [FUTURE]
SRTRANSFIN Future finished with minor loss in this volatile market it maintaining 790 level while today it hold 803 level & end at 809.30 which was opening level it given bounce back from this level but with fall of Nifty it also come down. On EOD chart many time it given recovery around 770-775 level so we advise to buy it around 785-795 use stop loss of 769 for target of 810-830+
2. JUSTDIAL [FUTURE]
IT sector leading to correction many of heavyweight again finished with loss, before last trading session JUSTDIAL Fu-ture made life time low of 749.20 while at last session it fin-ished around 2% loss from opening level it faced selling pres-sure since tomorrow is expiry of August so we can see more so we advise to sell it around 790-795 use stop loss of 816 for target of 775-755.
DAILY REPORT
27th
AUG. 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 7,900 11.90 18,07,748 26,03,925
NIFTY CE 7,800 42.00 7,94,228 18,87,000
BANKNIFTY CE 17,500 10.15 1,06,608 4,49,800
SBIN CE 260 0.30 7,921 17,38,000
INFY CE 1,100 2.85 6,391 7,55,750
ASHOKLEY CE 90 0.50 5,886 39,96,000
SBIN CE 250 1.90 4,576 10,55,000
TATAMOTORS CE 340 0.75 4,395 6,00,500
MOST ACTIVE CALL OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY PE 7,800 60.30 18,11,869 37,98,825
NIFTY PE 7,700 24.40 12,58,997 30,07,850
BANKNIFTY PE 17,000 175.00 90,309 3,06,325
ASHOKLEY PE 85 0.50 3,170 28,84,000
DLF PE 110 2.25 2,909 19,40,000
ASHOKLEY PE 80 0.10 2,797 34,12,000
RELIANCE PE 840 6.50 2,734 2,41,750
TCS PE 2,600 21.90 2,665 78,375
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 401138 8497.39 404585 8586.13 1184470 24927.79 -88.75
INDEX OPTIONS 1484785 32362.10 1526532 33209.68 3611264 86163.65 -847.58
STOCK FUTURES 610763 15292.65 603192 15049.19 2122149 52306.41 243.46
STOCK OPTIONS 71626 1942.21 71996 1964.32 155888 3841.35 -22.11
TOTAL -714.98
STOCKS IN NEWS
Bharti Airtel lauds telecom minister efforts to boost telecom infrastructure
Apollo Tyres closes 300mn euro financing for Hungary plant
M&M to infuse Rs 700cr in its trucks, buses business
ICICI Bank unveils first guarantee-backed home loan product
Cairn to invest Rs 1,400cr to raise oil, gas carrying ca-pacity
NIFTY FUTURE
Ahead of July F&O contracts expiry and dragged by weak global cues Nifty went down more than 1% on yesterday trading session. After watching stocks’ performance and Nifty’s EOD chart, we find Nifty to see more downside. So we advise you to sell Nifty Future around 7820 for the targets of 7700 and 7600 with the stop loss of 8000
INDICES R2 R1 PIVOT S1 S2
NIFTY 7,985.60 7,888.30 7,832.70 7,735.40 7,679.80
BANK NIFTY 17,285.15 17,101.40 16,988.45 16,804.70 16.691.75
DAILY REPORT
27th
AUG. 2015
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
BUY GOLD OCT ABOVE 26600 TGTS 26680,26770 SL BE-
LOW 26500
SELL GOLD OCT BELOW 26400 TGTS 26320,26230 SL
ABOVE 26500
SILVER
TRADING STRATEGY:
BUY SILVER SEP ABOVE 33500 TGTS 33700,34000 SL BE-
LOW 33200
SELL SILVER SEP BELOW 33200 TGTS 33000,32700 SL
ABOVE 33500
COMMODITY ROUNDUP
MCX Gold extended losses today after the heavy drop in last
session. The counter ended under Rs 27000 per 10 grams
mark yesterday and followed a bearish undertone in
COMEX Gold, which witnessed heavy profit selling after hit-
ting a seven week high above $1160 per ounce mark.
COMEX Gold gave up further as US stocks opened on a
strong note with DOW rallying more than 100 points on the
day in response to strong economic data. The metal is cur-
rently quoting at $1124 per ounce, down 1.26% on the day.
MCX Gold futures are trading at Rs 26440 per 10 grams,
down 1.125 on the day.
US Durable-goods orders rose a seasonally adjusted 2% last
month after a 4.1% gain in June, the Commerce Department
said Wednesday. Bookings for new cars and trucks and mili-
tary hardware boosted the orders. Orders rose 4% for autos
and 22.3% for large defense goods such as fighter jets, mis-
siles and tanks. Orders outside the volatile defense and
transportation industries rose for the second straight
month. These core orders climbed2.2%, the biggest gain
since June 2014.
WTI Crude oil futures witnessed some bargain buying and
edged back above $39 a barrel on Tuesday, bouncing back
from their lowest level in six and half years. Oil has dropped
around 2/3rd in value over last few weeks amid turmoil in
global stocks following the Chinese jitters and overwhelm-
ing supply concerns. OPEC member Iran said it would in-
crease crude production and reclaim its lost export share
once nuclear-related sanctions on Tehran are lifted.
Oil stabilised on Wednesday after China’s central bank
moved to support the country’s economy, but prices stayed
near 6-1/2-year lows as a heavy supply glut kept the market
outlook bearish. Brent was up 20 cents at $43.41 a barrel by
1115 GMT, and U.S. crude was up 15 cents at $39.46 a bar-
rel. Oil has lost a third of its value since June on high US pro-
duction, record crude pumping in West Asia and concern
about falling demand in Asian economies. On Monday, both
crude oil benchmarks saw their lowest trades since early
2009, dropping as much as six per cent in one session after
heavy falls in equity markets. “The trend remains down, but
in an erratic phase where attempts to recover are being
made
DAILY REPORT
27th
AUG. 2015
YOUR MINTVISORY Call us at +91-731-6642300
NCDEX
RECOMMENDATIONS
DHANIYA
BUY GUARGUM OCT ABOVE 9160 TARGET 9210 9280 SL
BELOW 9100
SELL GUARGUM OCT BELOW 9050 TARGET 9000 8930 SL
ABOVE 9110
GUARSGUM
BUY CORIANDER SEP ABOVE 10815 TARGET 10845 10895 SL
BELOW 10785
SELL CORIANDER SEP BELOW 10660 TARGET 10630 10580
SL ABOVE 10690
NCDEX ROUNDUP
Amid sluggish domestic demand and adequate stocks on
higher supplies from producing regions, refined soya
oiledged lower 0.48 per cent to Rs 567.20 per 10 kg in fu-
tures trade today. In futures trading at National Commodity
and Derivatives Exchange, refined soya oil for delivery in
November fell Rs 2.75, or 0.48 per cent to Rs 567.20 per 10
kg with an open interest of 38,290 lots. Likewise, the oil for
delivery in October traded lower by Rs 2.20, or 0.38 per
cent to Rs 572.80 per 10 kg in 77,415 lots. Offloading of po-
sitions by participants owing to sluggish demand at the spot
market against sufficient stocks mainly influenced refined
soya oil prices in futures trade.
Maize futures plummeted in heavy selling today as technical
cues turned against the counter after runaway rally in last
few sessions. New crop arrivals from the Khariff Maize sow-
ing are still a few weeks away and till that time end demand
is likely to hold strong. Stocks are thin in ready markets and
the NCDEX Maize futures for September have run up im-
pressively. The counter has added around Rs 150 over last
two weeks but highs near Rs 1400 are posing a serious
threat. The counter failed to take out the resistance for a
second session, topping out at Rs 1397 per quintal. The con-
tract had hit highs of Rs 1398 yesterday. This triggered good
follow up selling and the counter ended at Rs 1376 per quin-
tal, down 1.15% on the day. The open interest dropped
more than 4% on the day, indicating good long covering.
NCDEX INDICES
Index Value % Change
CAETOR SEED 4024 -0.22
CHANA 4731 -1.89
CORIANDER 10695 -1.69
COTTON SEED 2034 +0.05
GUAR SEED 4040 +1.15
JEERA 15595 -0.95
MUSTARDSEED 4229 -0.56
REF. SOY OIL 569.85 -0.90
TURMERIC 8030 -3.23
WHEAT 1509 -0.20
DAILY REPORT
27th
AUG. 2015
YOUR MINTVISORY Call us at +91-731-6642300
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 66.1610 Yen-100 55.2800
Euro 75.8867 GBP 103.8794
CURRENCY
USD/INR
SELL USDINR SEP BELOW 66.48 TARGET 66.35 66.2 SL ABOVE 66.68 BUY USDINR SEP ABOVE 66.75 TARGET 66.88 67.03 SL BELOW 66.55
EUR/INR
BUY EUR/INR SEP ABOVE 76.5 TARGET 76.65 76.85 SL BE-LOW 76.3 SELL EUR/INR SEP BELOW 75.75 TARGET 75.6 75.4 SL ABOVE 75.95
CURRENCY MARKET UPDATES:
The rupee today turned weak against the US dollar, after a brief recovery yesterday, falling by four paise to end at 66.14 on renewed demand for the American unit from im-porters amid global volatility. Sharp sell-off in domestic equity markets and robust dollar against major world cur-rencies predominantly impacted the rupee sentiment.
Heavy capital outflows against the backdrop of volatile global situation amid Fed rate hike fears also added some pressure. The domestic currency resumed lower at 66.22 per dollar as against Tuesday’s closing level of 66.10 at the Interbank Foreign Exchange and dropped further to a low of 66.37 following robust dollar demand. However, the domestic unit witnessed a smart rebound to hit an intra-day high of 66.07 on the back of dollar selling by banks and export houses, before slipping back to end at 66.14, reveal-ing a loss of 4 paise, or 0.06 per cent.
The dollar firmed up against the other major currencies due to strong US macro data which raised market expecta-tions for an interest-rate hike from the Federal Reserve.
The US dollar index, which measures the greenback’s strength against a trade-weighted basket of six major cur-rencies, was substantially higher by 0.83 per cent at 94.70. Meanwhile, the benchmark Sensex retreated to close sharply lower by 317.72 points at 25,714.66.
Foreign investors sold shares worth Rs 2,080.01 crore yes-terday, as per provisional data from the exchanges. Pramit Brahmbhatt, Veracity Group CEO, said, “The rupee showed range-bound movement today as investors preferred to stay cautious in the unsure market.
The rupee strengthened further against the pound sterling to settle at 103.11 from Tuesday’s close of 104.35 and also firmed up against the Euro to end at 75.51 from 75.97. However, it fell back against the Japanese currency to end at 55.36 per 100 yen from 55.06 previously.
DAILY REPORT
27th
AUG. 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
26/08/15 NCDEX DHANIYA SEPT. BUY 10815 10845-10895 10785 NOT EXECUTED
26/08/15 NCDEX DHANIYA SEPT. SELL 10600 10570-10520 10630 NOT EXECUTED
26/08/15 NCDEX GUARGUM OCT. BUY 9040 9090-9160 8980 SL TRIGGERED
26/08/15 NCDEX GUARGUM OCT. SELL 8900 8850-8780 8960 BOOKED FULL PROFIT
26/08/15 MCX GOLD OCT. BUY 26800 27880-26790 26700 SL TRIGGERED
26/08/15 MCX GOLD OCT. SELL 26600 26520-26430 26700 BOOKED FULL PROFIT
26/08/15 MCX SILVER SEPT. BUY 34800 35000-35300 34500 NOT EXECUTED
26/08/15 MCX SILVER SEPT. SELL 34500 34300-34000 34800 BOOKED FULL PROFIT
26/08/15 USD/INR AUG. BUY 66.27 66.40-66.55 66.07 BOOKED PROFIT
26/08/15 USD/INR AUG. SELL 65.93 65.80-65.65 66.13 NOT EXECUTED
26/08/15 EUR/INR AUG. BUY 76.40 76.55-76.75 76.20 SL TRIGGERED
26/08/15 EUR/INR AUG. SELL 75.50 75.32-75.15 75.70 NOT EXECUTED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
26/08/15 NIFTY FUTURE BUY 7900 8000-8150 7750 CALL OPEN
26/08/15 BIOCON FUTURE BUY 405-410 415-420 398 NOT EXECUTED
26/08/15 MINDTREE FUTURE SELL 1300-1310 1280-1260 1330 SL TRIGGERED
26/08/15 CHENNPETRO CASH BUY 230 235-240 224 BOOKED PROFIT
DAILY REPORT
27th
AUG. 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, AUG. 24
8:30 AM CHICAGO FED NATIONAL ACTIVITY INDEX JULY -- 0.08
TUESDAY, AUG. 25
9 AM CASE-SHILLER HOME PRICE INDEX JUNE -- -0.2%
9 AM FHFA HOUSE PRICE INDEX JUNE -- 0.4%
10 AM NEW HOME SALES JULY 520,000 482,000
10 AM CONSUMER CONFIDENCE AUG. 93.4 90.9
WEDNESDAY, AUG. 26
8:30 AM DURABLE GOODS ORDERS JULY -1.0% 3.4%
THURSDAY, AUG. 27
8:30 AM WEEKLY JOBLESS CLAIMS AUG. 22 274,000 277,000
8:30 AM GDP 2Q 3.4% 2.3%
10 AM PENDING HOME SALES JULY -- -1.8%
FRIDAY, AUG. 28
8:30 AM PERSONAL INCOME JULY 0.5% 0.4%
8:30 AM CONSUMER SPENDING JULY 0.4% 0.2%
8:30 AM CORE INFLATION JULY 0.1% 0.1%
8:30 AM TRADE IN GOODS JULY -$61.8 BLN -$62.3 BLN
10 AM CONSUMER SENTIMENT AUG. 93.1 92.9