Epic research special report of 30 sep 2015

DAILY REPORT

30th

SEPT. 2015

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance Most Asian stock markets steadied on Wednesday after sliding to 3-year lows but a weak outlook for commodities and persistent concerns about China's economy discour-aged most buyers. MSCI's broadest index of Asia-Pacific shares outside Japan was little changed in early trade after plumbing its lowest since June 2012 on Tuesday on fears that China's slowdown would curb its huge appetite for commodities and resources. The index was on track for a 19% loss for the quarter, its worst loss in four years. Japan's Nikkei brushed aside an unexpected drop in the country's industrial output and gained 1.6 percent. It was still poised for a 14% drop over the quarter, its deepest since 2010. Asian stocks took an early positive lead from Wall Street, which ended slightly higher overnight as the U.S. bourses took a breather, with the latest round of China fears that gripped global markets petering out for the moment. Inves-tors also felt relief as shares of mining and trading giant Glencore gained more than 10 percent overnight. European shares partially recovered from an early drop on Tuesday, supported after battered miner Glencore halted a slide in its share price, although top indexes lingered near their lows for 2015. The pan-European FTSEurofirst 300 index closed down 0.6 percent at 1,336.34 points, having been as much as 1.7 percent lower in early deals. The index fell more than 2 percent on Monday, and Tuesday morn-ing's early retreat took it just 0.8 percent away from its low for 2015, set in August. Previous day Roundup Equity benchmarks managed to close positive amid late volatility on Tuesday. The Sensex rallied more than 400 pts intraday after the RBI surprised with 50 bps rate cut but some bit of profit booking in last hour of trade wiped out more than half of gains, pushing index below 26000-mark. However, indices lost more than 1% in morning trade be-fore RBI policy announcement. The Sensex rose 161.82 pts or 0.63% to 25778.66 and the Nifty climbed 47.60 pts or 0.61% to 7843.30 after hitting an intraday high of 7926.55 & low of 7691.20. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 40.92pts], Capital Goods [up 96.64pts], PSU [up 20.43pts], FMCG [UP 19.52pts], Realty [up 26.67pts], Power [up 9.36pts], Auto [up 128.54Pts], Healthcare [up 157.42Pts], IT [up 43.03pts], Metals [down 97.03pts], TECK [up 2.96pts], Oil& Gas [down 73.14 pts].

World Indices

Index Value % Change

D J l 16049.13 +0.30

S&P 500 1884.09 +0.12

NASDAQ 4517.32 -0.59

FTSE 100 5909.24 -0.83

Nikkei 225 17243.21 +1.84

Hong Kong 20743.27 +0.91

Top Gainers

Company CMP Change % Chg

MARUTI 4,683.45 147.20 3.24

HDFC 1,208.30 36.15 3.08

COALINDIA 317.00 8.15 2.64

INDUSINDBK 939.35 18.45 2.00

BANKBARODA 187.00 3.45 1.88

Top Losers


VEDL 86.05 5.15 -5.65

BOSCHLTD 19,227.00 865.15 -4.31

BPCL 848.40 35.10 -3.97

HINDALCO 68.10 2.45 -3.47

TATASTEEL 202.55 6.70 -3.20

Stocks at 52 Week’s HIGH

Symbol Prev. Close Change %Chg

AARTIIND 518.50 7.00 1.37

GMBREW 473.00 8.30 1.79

MARUTI 4,683.45 147.20 3.24

Indian Indices


NIFTY 7843.30 +47.60 +0.61

SENSEX 25778.66 161.82 +0.63

Stocks at 52 Week’s LOW

Symbol Prev. Close Change %Chg

ACC 1,325.00 -11.75 -0.88

AMBUJACEM 203.00 -0.05 -0.02

BHARTIARTL 322.50 -5.10 -1.56

BHEL 196.85 1.70 0.87

COALINDIA 317.00 8.15 2.64

HAVELLS 251.10 5.20 2.11

http://www.epicresearch.co/

DAILY REPORT

30th

SEPT. 2015


STOCK RECOMMENDATION [CASH] 3. [CASH]

Today GSPL got 10 time more volume as compare to aver-age but it given reversal around strong resistance of 120 it made high of 119.40 then it finished at 115.85 with in-verted hammer. since on daily chart it getting support around 113 and resistance at 120 so sell on rise around 117.50-118 will be good with stop loss of 120 for target of 115-113 MACRO NEWS RBI lowered the benchmark repo rate by 50 basis points

to 6.75%, while keeping CRR and SLR unchanged at 4% and 21.5%, respectively. This marks the fourth repo rate cut by the RBI since January 2015. However, it has lowered its FY16 GDP growth target to 7.4% from 7.6%. It also said the focus should now shift to bringing infla-tion down to 5% by FY17-end.

Auto sector cheers rate cut as Diwali gift |Good news! Home loans to get cheaper

Coal scam: CBI clean chit for Manmohan; verdict on Oct 16

Top leaders from SAIL, TATA Steel to participate in Na-tional Metallurgist Day, Annual Technical Meeting

Crompton Greaves wins 17 million euro order from Spanish firm Gas Natural Fenosa

SRS Group plans to open around 300 pharmacies in next 5-7 years

Reserve Bank on Tuesday allowed Indian corporates to raise funds from overseas market in rupee denominated bonds,

Sun Pharma commences tender offer for acquisition of InSite Vision

Foreign Investment Promotion Board (FIPB) approves 18 FDI proposals worth Rs 5,000 crore on Tuesday

Dish TV India block deal book launched

STOCK RECOMMENDATIONS [FUTURE] 1. VEDL [FUTURE]

Despite of bounce in market Metal index breached around 2%, where leader was VEDL which finished around 5% loss on EOD chart it broken last one month range of 88-102 while RSI & Stochastic both moving with negative cross over so it will be good to sell below 85.25 for target of 84-82-80 use stop loss of 87. 2. DISH TV [FUTURE]

DISHTV future faced resistance around 117 before last ses-sion it made high of 116.50 while at last session it finished at 110.45 with loss of 3.70%, on EOD chart it create long bear-ish inverted hammer and given breakout of double top pat-tern so technically we can see level up to 100-95, for that we advise to sell below 110 use stop loss of 112 for target of 108-106-103.


DAILY REPORT

30th

SEPT. 2015


FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 8,000 110.10 8,68,893 36,50,525

NIFTY CE 8,200 44.00 5,35,463 39,80,275

BANKNIFTY CE 18,000 244.50 1,17,686 5,05,075

SBIN CE 250 7.05 8,892 18,17,000

TATAMOTOR CE 300 11.10 5,665 10,65,500

IDFC CE 145 0.20 5,542 29,20,000

LT CE 1,500 37.50 5,191 2,48,125

IDFC CE 140 1.10 5,159 31,74,000

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 7,500 76.00 6,62,743 41,26,075

NIFTY PE 7,700 127.00 4,81,641 27,11,425

BANKNIFTY PE 16,000 140.00 59,297 3,71,250

SBIN PE 230 4.90 3,329 6,54,000

AXISBANK PE 500 20.10 3,165 4,56,000

SBIN PE 240 8.45 2,913 15,29,000

LT PE 1,400 36.50 2,891 1,09,875

RELIANCE PE 820 16.00 2,802 2,17,250

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 97908 2536.3 128532 3055.71 776446 17274.4 -519.406

INDEX OPTIONS 916588 21145.8 737991 17530.9 1950459 59365.6 3614.955

STOCK FUTURES 118179 3013.44 110186 2878.51 1736880 43336.5 134.932

STOCK OPTIONS 84714 2054.35 84197 2038.49 42506 1074.54 15.866

TOTAL 3246.34

STOCKS IN NEWS IDFC banks on psychometric tests for senior level hir-

ings Nestle cancels contract manufacturing of Maggi Tata Motors has stepped out of box with its life-cycle

assessment Suzlon completes commissioning of wind power turn-

key project HPCL says will be cautious in buying Nigerian oil Jaiprakash Power Ventures pays USD 75 million to

HBPCL bondholders on sale of securities SBI cuts lending rate by 0.4% to 9.3%

NIFTY FUTURE

After giving gap down opening Nifty cheered by RBI’s rate cut and rallied more than 1% in later hours Nifty saw huge volatility. As now on this level Nifty has strong re-sistance so it may see downside. So it is advised to sell on rise around 7950 for the targets of 7850 and 7750 with strict stop loss of 8200.

INDICES R2 R1 PIVOT S1 S2

NIFTY 8,055.00 7,949.00 7,820.00 7,714.00 7,585.00

BANK NIFTY 18,184.00 17,733.00 17,190.00 16,739.00 16,196.00


DAILY REPORT

30th

SEPT. 2015


RECOMMENDATIONS

GOLD

TRADING STRATEGY:

BUY GOLD OCT ABOVE 26400 TGTS 26680,26770 SL BE-

LOW 26500

SELL GOLD OCT BELOW 26200 TGTS 26320,26530 SL

ABOVE 26800

SILVER

TRADING STRATEGY:

BUY SILVER DEC ABOVE 35100 TGTS 35300,35600 SL BE-

LOW 34800

SELL SILVER DEC BELOW 34800 TGTS 34600,34300 SL

ABOVE 35100

COMMODITY ROUNDUP Gold drifted lower today but the losses were limited by strong Indian demand and bargain buying amid continued signs of stress in financial markets and world economy. The yellow metal eased well under $1130 per ounce but carved out modest intraday recovery. Global equities remained weary after recent slippages though bargain buying emerged as major global indices. COMEX Gold futures are trading at $1130 per ounce right now, down0.15% on the day. MCX Gold futures also found good support after testing lows near Rs26200 per 10 grams mark and currently trade at Rs 26370 per 10 grams, down 0.51% on the day. Silver prices fell by Rs 228 to Rs 34,783 per kg in futures trade today as speculators reduced their exposures amid a weakening trend overseas. At the MCX silver for delivery in far-month December traded lower by Rs 228, or 0.65 per cent, to Rs 34,783 per kg in a business turnover of 6,138 lots. March silver lost Rs 217, or 0.61%, to Rs 35,533 per kg in a business volume of 69 lots. In the international market, silver lost 0.38 per cent at $14.54 an ounce in Singapore. A weak trend in precious metals in the global markets after Fed Chair signaled that the US central bank may be on course to raise interest rates before the year is over, kept pressure on silver futures here. ran’s oil minister had spoken with Mexican officials with regard to stabilizing the oil market. Iran claims that, if OPEC decides to more actively manage the oil market, that Mex-ico, the third largest oil producer in the western hemi-sphere, will cooperate with them in an attempt to stabilize the oil price. For the general public this may seem like a new idea, but the fact of the matter is, that this wouldn’t be the first time that Mexico has co-operated with OPEC in an attempt to stabilize the oil price. The COT report for period ending 22 September 2015 was released last week. The last week report showed that the activities of Merchants were in favor of decrease in long and short positions. In case of Managed Money holders Copper long positions declined while short positions increased. The long positions of Merchants were 23922 on 22 Sept 2015 against 24267 on 15 September 2015, down 1.44%, while short positions decreased by 7952 to 47150 on 22 Septem-ber 2015 against 55102 on 15 September 2015. Overall the net positions in case of merchants are favoring shorts by 23922. The total long position of Copper for the one week period ending 22 Sept 2015 was 33365 down 3525 from last week. Money managers short positions of Copper increased by 2676 to 38433 on 22 Sept 2015.


DAILY REPORT

30th

SEPT. 2015


NCDEX

NCDEX ROUNDUP Weakness was seen in today's trading as prices plunged by almost one percent today. The spot prices were pressurized by hefty stocks in local mandies along with strong sowing acreage in Rajasthan . Currently around 85-87 lakh tonnes of guarseed stocks are available at major producing states. This will maintain selling pressure at elevated levels. More-over, the total sowing acreage of guarseed crop in Rajast-han has surpass 40 lakh hectares against the target of 39 lakh hectares for the current year. The NCDEX October fu-tures settled at Rs 3645 per quintal, down 0.75%. The NCDEX futures added 1.20% in OI indicating fresh short po-sition by traders. Chana prices fell 1.16 per cent to Rs 4,763 per quintal in fu-tures market today largely dragged down by easing demand at prevailing levels in the spot market against adequate stocks. At NCDEX chana for delivery in October month de-clined by Rs 56, or 1.16 per cent to Rs 4,763 per quintal with an open interest of 49,010 lots. The November contract traded lower by Rs 17, or 0.35 per cent to Rs 4,861 per quin-tal in 85,750 lots. Offloading of positions by speculators, tracking fall in spot demand against adequate stocks posi-tion, mainly led to decline in chana prices in futures trade. Amid weak domestic demand and adequate stocks posi-tion, refined soya oil prices traded lower by 0.37 per cent to Rs 592.05 per 10 kg. At NCDEX refined soya oil for delivery in November month declined Rs 2.20, or 0.37 per cent to Rs 592.05 per 10 kg with an OI of 44,905 lots. The Oct contract shed 95 paise, or 0.1% to Rs 602.15 per 10 kg in 45,095 lots. Apart from fall in demand at spot market, adequate stocks position on higher supplies from producing regions mainly kept pressure on refined soya oil prices at futures trade.

NCDEX INDICES

Index Value % Change

CAETOR SEED 4100 +0.54

CHANA 4780 -0.81

CORIANDER 11160 -0.84

COTTON SEED 1544 +0.32

GUAR SEED 3664 -0.25

JEERA 15640 -1.20

MUSTARDSEED 4441 -0.09

REF. SOY OIL 604.3 +0.20

TURMERIC 7530 +0.88

WHEAT 1561 +0.13

RECOMMENDATIONS

DHANIYA

BUY CORIANDER OCT ABOVE 11250 TARGET 11277 11357

SL BELOW 11223

SELL CORIANDER OCT BELOW 11150 TARGET 11123 11043

SL ABOVE 11177

GUARSGUM

BUY GUARGUM OCT ABOVE 8110 TARGET 8160 8230 SL

BELOW 8050

SELL GUARGUM OCT BELOW 7800 TARGET 7750 7680 SL

ABOVE 7860


DAILY REPORT

30th

SEPT. 2015


RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 66.0805 Yen-100 54.9200

Euro 73.8119 GBP 100.3168

CURRENCY

USD/INR

BUY USD/INR OCT ABOVE 66.38 TARGET 66.51 66.66 SL BE-

LOW 66.18

SELL USD/INR OCT BELOW 66.27 TARGET 66.14 65.99 SL

ABOVE 66.47

EUR/INR

BUY EUR/INR OCT ABOVE 74.61 TARGET 74.76 74.96 SL BE-

LOW 74.41

SELL EUR/INR OCT BELOW 74.4 TARGET 74.25 74.05 SL

ABOVE 74.6

CURRENCY MARKET UPDATES:

The US dollar was seen edging higher against a basket of currencies on Tuesday, amid uncertainty over whether the Federal Reserve will raise short term interest rates this year following mixed messages from central bank policy-makers. New York Fed President and Fed head John Wil-liams indicated support for a rate hike in 2015 in separate speeches on Monday, but Chicago Fed President said rates should remain on hold until mid-2016.

The remarks came after Fed Chair said last week that the bank was still on track for a rate hike before the years end. The dollar index was slightly higher at 96.27. Market par-ticipants were looking ahead to data on China's factory sector on Wednesday for further indications on the health of the world's second-largest economy. The dollar was steady against the yen, with USD/JPY at 119.96.

The euro was down 0.40% at 1.1198 versus the dollar. The single currency came under pressure after data showed that Germany's annual rate of inflation slowed to zero in September, worse than forecasts of 0.1%. The German consumer price index fell 0.2% from a month earlier, com-pared to expectations for a decline of 0.1%.

As against the pound, dollar was higher with GBP/USD down 0.14% at 1.5153. U.K. net lending to individuals rose to £4.3 billion last month from £4.0 billion in July, whose figure was upwardly revised from an initially estimated £3.9 billion.

The Indian rupee on Tuesday strengthened past the 66 per US dollar mark, bond yields fell sharply and the benchmark Sensex index jumped after the Reserve Bank of India (RBI) surprised the markets with a 50 basis point cut in repo rate.

One basis point is one-hundredth of a percentage point.

The home currency closed at 65.96, up 0.14% from its pre-vious close of 66.05. The local unit opened at 66.33 per US dollar and touched a high and a low of 65.93 and 66.42, respectively.


DAILY REPORT

30th

SEPT. 2015


CALL REPORT

S T O

PERFORMANCE UPDATES

Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

30/09/15 NCDEX DHANIYA OCT. BUY 11333 11360-11440 11306 NOT EXECUTED

30/09/15 NCDEX DHANIYA OCT. SELL 11185 11158-11078 11212 SL TRIGGERED

30/09/15 NCDEX GUARGUM OCT. BUY 8230 8280-8350 8170 NOT EXECUTED

30/09/15 NCDEX GUARGUM OCT. SELL 7910 7860-7790 7970 BOOKED PROFIT

30/09/15 MCX GOLD OCT. BUY 26600 26680-26770 26500 SL TRIGGERED

30/09/15 MCX GOLD OCT. SELL 26400 26320-26530 26800 BOOKED FULL PROFIT

30/09/15 MCX SILVER DEC. BUY 35100 35300-35600 34800 SL TRIGGERED

30/09/15 MCX SILVER DEC. SELL 34800 34600-34300 35100 BOOKED PROFIT

30/09/15 USD/INR SEPT. BUY 66.50 66.63-6.78 66.30 BOOKED FULL PROFIT

30/09/15 USD/INR SEPT. SELL 66.34 66.21-66.05 66.54 NO PROFIT NO LOSS

30/09/15 EUR/INR SEPT. BUY 74.40 74.55-74.75 74.20 BOOKED FULL PROFIT

30/09/15 EUR/INR SEPT. SELL 74.19 74.04-73.84 74.39 NOT EXECUTED

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

30/09/15 NIFTY FUTURE SELL 7950 7850-7750 8200 BOOKED PROFIT

30/09/15 JINDALSTEL FUTURE SELL 57.50 56.5-55-53 59.10 BOOKED PROFIT

30/09/15 BEL FUTURE BUY 1185 1200-1220 1165 NOT EXECUTED

30/09/15 SOBHA CASH BUY 267 281-285 262 CALL OPEN


DAILY REPORT

30th

SEPT. 2015


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, SEP. 28

8:30 AM PERSONAL INCOME AUG. 0.4% 0.4%

8:30 AM CONSUMER SPENDING AUG. 0.3% 0.3%

8:30 AM CORE INFLATION AUG. 0.1% 0.1%

10 AM PENDING HOME SALES AUG. -- 0.5%

TUESDAY, SEP. 29

8:30 AM TRADE IN GOODS DEFICIT AUG. N/A -$59.1 BLN

9 AM CASE-SHILLER HOME PRICE INDEX JULY -- -0.1%

10 AM CONSUMER CONFIDENCE INDEX SEPT. 94.5 101.5

WEDNESDAY, SEP. 30

8:15 AM ADP EMPLOYMENT SEPT. -- 190,000

9:45 AM CHICAGO PMI SEPT. -- 54.5

THURSDAY, OCT. 01

8:30 AM WEEKLY JOBLESS CLAIMS SEPT. 26 N/A N/A

9:45 AM MARKIT PMI SEPT. -- 53.0

10 AM ISM SEPT. 51.1% 51.1%

10 AM CONSTRUCTION SPENDING AUG. 0.8% 0.7%

TBA MOTOR VEHICLE SALES SEPT. 17.4 MLN 17.7 MLN

FRIDAY, OCT. 02

8:30 AM NONFARM PAYROLLS SEPT. 190,000 173,000

8:30 AM UNEMPLOYMENT RATE SEPT. 5.1% 5.1%

8:30 AM AVERAGE HOURLY EARNINGS SEPT. 0.1% 0.3%

10 AM FACTORY ORDERS AUG. N/A 0.4%


Epic research special report of 30 sep 2015

Business

Transcript of Epic research special report of 30 sep 2015