epic research special report of 06 oct 2015

DAILY REPORT

06th

OCT. 2015

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance The prospect of a delay in the U.S. Federal Reserve's plan to raise interest rates and signs of some stability in oil and commodity markets boosted Asian stocks on Tuesday. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.7 percent to two-week high. Japan's Nikkei extended the rebound from eight-month low hit a week ago, helped by speculation that the Bank of Japan might adopt stimulus to support the flagging economy. European shares rose sharply on Monday as weak data in Europe and elsewhere reinforced expectations the broad monetary policy backdrop will remain equity-friendly, with Glencore and Arcelor Mittal lifting the mining sector. The FTSEurofirst 300 index ended up 3% and the euro zone's blue-chip Euro STOXX 50 climbed 3.3%. Both had fallen on Friday before Wall Street rebounded to end in the black. Euro zone business activity grew at its weakest pace in four months during September, surveys showed on Monday. France's CAC outpaced the rest of Europe with a gain of 3.5 percent following a report showing services activity accel-erated in September more than previously thought, a sign that the euro zone's second-biggest economy finished the third quarter on a firm footing. U.S. stocks rose on Monday, with the S&P 500 up for the fifth day, after last week's disappointing jobs report hard-ened views that the Federal Reserve won't raise interest rates this year. Previous day Roundup It was a spectacular start to the week as the Sensex surged more than 600 points intraday Monday and the Nifty sur-passed 8100-mark, tracking strong global cues. Bank Nifty outperformed benchmarks, rising 3% on hopes of more rate cuts going ahead as disappointed US jobs data may delay interest rate hike by Fed. The Sensex surged 564.60 points or 2.15 percent to 26785.55 and the Nifty jumped 168.40 points or 2.12 percent to 8119.30. The broader mar-kets underperformed benchmarks as the BSE Midcap gained 1.8% and Small-cap rose 1.6%. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 209.05pts], Capital Goods [up 499.65pts], PSU [up 141.98pts], FMCG [up 60.29pts], Realty [up 15.59pts], Power [up 42.26pts], Auto [up 366.43Pts], Healthcare [up 89.56Pts], IT [up 147.41pts], Metals [up 170pts], TECK [up 86.08pts], Oil& Gas [up 151.98pts].

World Indices

Index Value % Change

D J l 16776.43 +1.85

S&P 500 1987.05 +1.83

NASDAQ 4781.27 +1.56

FTSE 100 6298.92 +2.76

Nikkei 225 18258.01 +1.40

Hong Kong 21982.89 +0.59

Top Gainers

Company CMP Change % Chg

TATASTEEL 225.50 13.25 6.24

TATAMOTORS 315.00 17.25 5.79

ICICIBANK 281.20 14.10 5.28

BOSCHLTD 20,281.05 974.65 5.05

HDFC 1,256.50 59.90 5.01

Top Losers


MARUTI 4,422.00 158.35 -3.46

DRREDDY 4,179.55 53.40 -1.26

LUPIN 2,084.40 24.45 -1.16

HINDUNILVR 809.90 6.50 -0.80

WIPRO 599.60 0.15 -0.03

Stocks at 52 Week’s HIGH

Symbol Prev. Close Change %Chg

APOLLOHOSP 1,475.10 30.75 2.13

DISHMAN 371.95 17.45 4.92

TVTODAY 281.50 7.80 2.85

- -

- -

Indian Indices


NIFTY 8119.30 +168.40 +2.12

SENSEX 26785.55 +564.60 +2.15

Stocks at 52 Week’s LOW

Symbol Prev. Close Change %Chg

GUJGASLTD 465.00 -21.50 -4.42

MOIL 192.70 -5.95 -3.00

MOTHERSUMI 239.65 13.65 6.04

SADBHIN 101.00 1.00 1.00

http://www.epicresearch.co/

DAILY REPORT

06th

OCT. 2015


STOCK RECOMMENDATION [CASH]

3. MOTHERSON SUMI [CASH]

MOTHERSON SUMI LTD is looking strong on charts, if it sustains above 240 levels. We advise buying around 235-240 levels with strict stop loss of 215 for the targets of 250 - 255 levels.

MACRO NEWS

Auto: CV`s rebound sharply; 2Ws & tractors remain sub-dued

DP to exceed 7.5%, taxes to fall short of target: Finmin

Bharti Airtel up 2%; Goldman retains buy, sees 40% up-side

Maruti falls 2%; Jefferies downgrades, slashes target

World Bank trims China's 2015 GDP outlook to 6.9% from 7.1%

Auto: CV`s rebound sharply; 2Ws & tractors remain sub-dued\

DLF to raise $1.5-2 bn from rental biz asset sale

IDBI Bank To Seek Shareholder Nod To Issue 29.61 Cr Shares At `75.28/Sh To Govt On Pref Basis On Nov 4

PNGRB invites bids for CNG retailing licences in 34 cities

Copthall offloads 3.78 lk share (0.57% stake) in Jubilant Foodworks for 63.5 cr (BSE Bulk Deals)

Wockhardt: No Critical Observations By UK MHRA After Inspection At Chikalthana

New Millennium Iron Corp Announces Settlement On Tata Steel Minerals Canada Ownership

Ranbaxy & Galephar Enter Into Non- Exclusive License Agreement With Actavis

Tech Mahindra bags Bombardier deal to develop aircraft ground control systems

STOCK RECOMMENDATIONS [FUTURE]

1. SKS FUTURE [FUTURE]

SKS FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 420 levels. We advise buying around 422-426 levels with strict stop loss of 414 for the targets of 434-442 levels.

2. PFC [FUTURE]

PFC FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 250 levels. We advise buying around 247-252 levels with strict stop loss of 241 for the targets of 258-264 levels.


DAILY REPORT

06th

OCT. 2015


FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 8,000 96.50 3,97,985 32,72,050

NIFTY PE 7,900 72.70 3,92,685 32,75,850

BANKNIFTY PE 16,500 104.00 36,879 4,04,125

TATAMOTORS PE 300 6.90 3,195 5,17,000

RELIANCE PE 860 11.50 3,170 2,47,000

RELIANCE PE 840 7.00 2,538 3,80,750

LT PE 1,500 25.50 2,276 1,56,000

ICICIBANK PE 250 1.20 2,105 16,69,000

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 8,200 108.90 5,03,872 41,51,200

NIFTY CE 8,300 65.60 3,85,530 44,14,950

BANKNIFTY CE 18,000 297.95 64,867 4,55,075

TATAMOTORS CE 320 11.75 7,014 12,37,000

RELIANCE CE 900 19.00 5,752 6,71,750

JINDALSTEL CE 70 4.50 5,215 22,22,000

ICICIBANK CE 280 10.30 5,098 21,95,000

IDFC CE 70 0.95 4,984 49,62,000

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 140360 3337.08 78347 1710.43 908815 20574.1 1626.656

INDEX OPTIONS 433366 10617.7 431293 10136 1945629 62123.9 481.6929

STOCK FUTURES 108459 2799.2 80572 2127.84 1786454 46148.4 671.3571

STOCK OPTIONS 66880 1711.46 65830 1654.85 76218 2074.58 56.6099

TOTAL 2836

STOCKS IN NEWS HDFC Cuts Lending Rate By 25 bps Effective October 6 PTC India Fin Announces Its Credit Enhancement

Scheme Adani Ent proposes to set up fertilizer factory in Sindri Tata Motors negotiating with AP, TN and Maharashtra

Govts for grant of stage carriage permit for PV ‘Magic’ CanBank Cuts Base Rate By 25bps Effective October 7 NIFTY FUTURE

Nifty Future, affected by the global clues, rallied spec-tacularly and surpassed the resistance level. Though Nifty made a bullish candlestick pattern but it also has strong resistance of Fibonacci 38.2 level and Nifty may either consolidate or reverse from this level. So we ad-vise you to sell Nifty Future on rise around 8180-8200 for the targets of 8080 and 7950 with strict stop loss of 8350

INDICES R2 R1 PIVOT S1 S2

NIFTY 8,208.23 8,163.77 8,084.43 8,039.97 7,960.63

BANK NIFTY 17,915.87 17,794.93 17,578.82 17,457.88 17,241.77


DAILY REPORT

06th

OCT. 2015


RECOMMENDATIONS

GOLD

TRADING STRATEGY:

BUY GOLD OCT ABOVE 26500 TGTS 26580,26670 SL BE-

LOW 26400

SELL GOLD OCT BELOW 26200 TGTS 25620,25530 SL

ABOVE 25800

SILVER

TRADING STRATEGY:

BUY SILVER DEC ABOVE 36800 TGTS 37000,37300 SL BE-

LOW 36500

SELL SILVER DEC BELOW 36300 TGTS 36100,35800 SL

ABOVE 35600

COMMODITY ROUNDUP

WTI Crude oil futures soared sharply today, rising in tune with the global equities asa recovery continued for the com-modity. Global stocks surged as weak US employment data fueled speculation the US Federal Reserve won't increase interest rates this year. Oil traders also eyed the possibility of further economic stimulus from China and WTI crudefu-tures surged well above $46 per barrel mark. The counter currently trades at $46.53 per barrel, up 2.17% on the day. MCX Crude oil futures are trading at Rs 3047 per barrel, up2.56% on the day. Meanwhile, oil might not hold up to further rallies from here on as key supplier Saudi Arabia has announced a sharp cut in its crude oil prices.

COMEX Gold futures dropped on profit selling today after recording massive gains in the last session. Global equities are in an excellent nick today with major indices soaring around 1.5% - 2% on the day. DOW soared 200 points fol-lowing the nonfarm payrolls as traders reassessed their stance about the probable Fed interest rate hike. COMEX Gold soared following this, adding around 2% on Friday but dropped today amid all around gains in equities. The shiny metal is quoting at $1131 per ounce, down 0.49% on the day. MCX Gold futures for December are trading at Rs 26329 per 10 grams, up 1% as traders factored in the wild up move in the global prices when the local exchanges were shut for a national holiday on Friday.

Zinc, used to rust-proof steel used in automobiles and con-struction, stood as an outlier through months, even as all other minerals and metals were losing value, following the end of a commodity supercycle. The support came because traders found its fundamentals the best among all non-ferrous metals, with deficit in supply the order of the day. This status was lost recently when in one trading session on the LME, zinc skid to a day's maximum limit of five per cent. But, the price fall to a five-year low, has got much to do with moving inventories to LME warehouses in New Orleans for delivery against short speculative positions. From a low inventory of 426,875 tonnes in August, warehouse stocks climbed to 600,000 tonnes and the shifting site was mostly New Orleans in the US.

Russia imported 19,013 tons of stainless steel products in August of this year, down 11.6% m-o-m. Meanwhile, Russia imports of stainless steel plate fell 13.5% in August m-o-m, stainless steel long products imports increased 5% in August m-o-m, and stainless steel wire products imports increased 46.5% and seamless tubes imports slipped 44.8% m-o-m, respectively.


DAILY REPORT

06th

OCT. 2015


NCDEX

NCDEX ROUNDUP Mustardseed futures have witnessed steady gains today due to receding supplies in physical mandies against strong crushing demand. The sources stated that total arrivals of around 7-8 lakh tonnes have been in local mandies against 11-12 lakh tonnes of last year. The poor stocks were mainly due to weak production in the last year. Moreover, millers are witnessing strong mustard seed demand ahead of win-ter season in Northern India. The NCDEX November futures added 4% to settle at Rs 4838 per quintal. The NCDEX fu-tures added 11.73% in open interest indicating fresh buying by traders. Cottonseed oilcake prices spurted Rs 34 to Rs 1,627 per quintal in futures trade today, largely on the back of a strong demand in physical markets. The rise in cottonseed oilcake prices at futures trade to rising demand, mostly from cattle-feed makers amid tight stock position. At the NCDEX, cottonseed oilcake for delivery in Dec hardened by Rs 34, or 2.13%, to Rs 1,627 per quintal in an OI of 54,440 lots. The January 2016 contracts rose Rs 30, or 1.86%, to Rs 1,641 per quintal, having an open interest of 26,990 lots. Soyabean prices flared up Rs 145 to Rs 3,854 per quintal in futures trading today after participants enlarged positions, tracking a firming trend in global markets. Besides, a firming trend at the domestic physical market too supported the upside. Widening of positions by participants, driven by firming trend in the overseas markets mainly led to the rise in soyabean prices at futures trade. Furthermore, rising edi-ble oil prices influenced futures trade. At NCDEX soyabean for delivery in February shot up by Rs 145, or 3.91 per cent, to Rs 3,854 per quintal, with an open interest of 6,160 lots. The Nov contract shot up by Rs 135, or 3.81 per cent, to Rs 3,675 per quintal, having an open interest of 91,710 lots.

NCDEX INDICES

Index Value % Change

CAETOR SEED 4151 +0.68

CHANA 5188 +4.24

CORIANDER 11526 +2.75

COTTON SEED 1628 +2.20

GUAR SEED 3891 +0.80

JEERA 15745 +0.51

MUSTARDSEED 4780 +3.98

REF. SOY OIL 625.5 +3.18

TURMERIC 7652 +2.03

WHEAT 1562 +0.64

RECOMMENDATIONS

DHANIYA

BUY CORIANDER OCT ABOVE 11614 TARGET 11641 11721

SL BELOW 11587

SELL CORIANDER OCT BELOW 11500 TARGET 11473 11393

SL ABOVE 11527

GUARSGUM

BUY GUARGUM OCT ABOVE 8210 TARGET 8260 8330 SL

BELOW 8150

SELL GUARGUM OCT BELOW 8160 TARGET 8110 8040 SL

ABOVE 8220


DAILY REPORT

06th

OCT. 2015


RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 65.2905 Yen-100 54.3900

Euro 73.3931 GBP 99.3134

CURRENCY

USD/INR

BUY USD/INR OCT ABOVE 65.6 TARGET 65.73 65.88 SL BE-

LOW 65.4

SELL USD/INR OCT BELOW 65.5 TARGET 65.37 65.22 SL

ABOVE 65.7

EUR/INR

BUY EUR/INR OCT ABOVE 73.9 TARGET 74.05 74.25 SL BE-

LOW 73.7

SELL EUR/INR OCT BELOW 73.32 TARGET 73.17 72.97 SL

ABOVE 73.52

CURRENCY MARKET UPDATES:

The Indian rupee today surged by another 22 paise to close at a seven-week high of 65.29 per dollar on persistent sell-ing of the American currency by banks and exporters amid strengthening equities. Weakness of dollar in the overseas market also boosted the rupee value against the dollar.

The rupee opened higher at 65.25 per dollar as against the last weekend’s level of 65.51 at the Interbank Foreign Ex-change market and firmed up further to 65.19 before fin-ishing at a 7-week high of 65.29, showing a gain of 22 paise or 0.34 per cent. The local currency has gained by 87 paise or 1.31 per cent in last ten days. The rupee had last ended at 65.27 as on August 19, 2015. It hovered in the range of 65.33 and 65.19 per dollar during the day.

The dollar index was traded down by 0.18 per cent against a basket of six currencies in the late afternoon trade. In the overseas markets, the dollar slipped against a basket of currencies on hopes that the US Federal Reserve will delay the first interest rate hike in almost a decade in the wake of a lackluster US jobs data for September 2015.

The Indian rupee hardened further against the pound ster-ling to finish at 99.18 from the last weekend’s level of 99.23 while dropped against the Euro to 73.32 from 73.09. However, it recovered against the Japanese currency to settle at 54.30 per 100 yen from 54.71 last week.

The US dollar recovered a little from intraday lows on Monday, although the greenback remained broadly lower against a basket of currencies. U.S. jobs data dampened expectations for a U.S. rate hike before the end of the year. Investors are now eyeing an upcoming report on U.S. service sector activity. The dollar was higher against the yen, with USD/JPY up 0.28% at 120.23, off Friday's one-month low of 118.66, as investors locked in profits on the greenback's fall. As against the pound, the dollar was steady with GBP/USD at 1.5181, after rising to one-week highs of 1.5244 earlier in the session. Sterling was hit after Markit reported that its U.K. services PMI fell to 53.3 in September from a reading of 55.6 the previous month.


DAILY REPORT

06th

OCT. 2015


CALL REPORT

PERFORMANCE UPDATES

Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

05/10/15 NCDEX DHANIYA OCT. BUY 11350 11377-11457 11323 BOOKED FULL PROFIT

05/10/15 NCDEX DHANIYA OCT. SELL 11150 11123-11043 11177 NOT EXECUTED

05/10/15 NCDEX GUARGUM OCT. BUY 8300 8350-8420 8240 SL TRIGGERED

05/10/15 NCDEX GUARGUM OCT. SELL 8180 8130-8060 8240 BOOKED FULL PROFIT

05/10/15 MCX GOLD OCT. BUY 26500 26580-26670 26400 NOT EXECUTED

05/10/15 MCX GOLD OCT. SELL 26200 25620-25530 25800 NOT EXECUTED

05/10/15 MCX SILVER DEC. BUY 35100 35300-35600 34800 BOOKED FULL PROFIT

05/10/15 MCX SILVER DEC. SELL 34700 34500-34200 35000 NOT EXECUTED

05/10/15 USD/INR OCT. BUY 65.90 66.03-66.08 65.70 NOT EXECUTED

05/10/15 USD/INR OCT. SELL 65.78 65.65-65.50 65.98 NOT EXECUTED

05/10/15 EUR/INR OCT. BUY 73.60 73.75-73.95 73.40 BOOKED PROFIT

05/10/15 EUR/INR OCT. SELL 73.20 73.05-72.85 73.40 NOT EXECUTED

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

05/10/15 NIFTY FUTURE BUY 7950-7960 8070-8170 7750 NOT EXECUTED

05/10/15 TECHM FUTURE SELL 570-575 560-550 585.30 CALL OPEN

05/10/15 ADANI PORTS FUTURE BUY 308 311-315 304 BOOKED FULL PROFIT

05/10/15 LAMBODHARA CASH BUY 920 935-950 904 BOOKED PROFIT


DAILY REPORT

06th

OCT. 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, OCT. 05

10 AM ISM NONMANUFACTURING INDEX SEPT. 57.5% 59.0%

TUESDAY, OCT. 06

8:30 AM TRADE DEFICIT AUG. -$48.1 BLN -$41.9 BLN

WEDNESDAY, OCT. 07

3 PM CONSUMER CREDIT AUG. -- $19 BLN

THURSDAY, OCT. 08

8:30 AM WEEKLY JOBLESS CLAIMS OCT. 3 271,000 277,000

2 PM FOMC MINUTES SEPT. 17

FRIDAY, OCT. 09

8:30 AM IMPORT PRICE INDEX SEPT. -- -1.8%

10 AM WHOLESALE INVENTORIES AUG. -- -0.1%


epic research special report of 06 oct 2015

Business