epic research special report of 13 aug 2015

DAILY REPORT

13th

AUG. 2015

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Global markets at a glance

US stocks rebounded in afternoon trading on Wednesday to end little changed as energy shares and Apple bounced back, offseting continued concerns about a slowdown in China. The Dow moved nearly 300 points from its low of the day to its high before closing flat. The S&P 500 briefly dipped into negative territory for the year during the ses-sion, and traded below its 200-day moving average, before bouncing back. The S&P 500 ended above that technical support level and up for the year so far.

European shares extended the week's sell-off on Wednes-day after China allowed the yuan to weaken further, hitting export-focused stocks for a second straight day. The pan-European FTSEurofirst 300 index closed down 2.7 percent, while the euro zone's blue-chip Euro STOXX 50 index was down 3.4 percent, its second-worst daily performance since January.

Asian stocks halted a two-day selloff on Thursday, but slightly trimmed gains after PBOC set the midpoint rate for the yuan at 6.4010 per dollar, weaker than the previous day's close of 6.3870. Overnight, major U.S. indices finished little changed, following a rebound in afternoon trading led by rising energy shares. The S&P 500 and Nasdaq Compos-ite ticked up 0.1 and 0.15 percent, respectively, while the blue-chip Dow ended unchanged from the previous day's close.

Previous day Roundup

The market saw sharp cuts for third straight day as bears rampage Dalal Street. As China devalued the yuan once again and logjam in Parliament continued investors were nervous. The Sensex plunged 353.83 points or 1.3 percent at 27512.26 and the Nifty was down 108.55 points or 1.3 percent at 8353.80. About 711 shares advanced, 2124 shares declined, and 160 shares were unchanged. The fur-ther devaluation of the yuan only added to further depre-ciation in the rupee, with the Indian currency hitting a 2-year low in trade today.

Index stats

The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 93.95pts], Capital Goods [down 370.99pts], PSU [down 260.53pts], FMCG [down 138.28pts], Realty [down 77.20pts], Power [down 43.14 pts], Auto [down 494.05pts], Healthcare [up 86.25Pts], IT [up 292.25pts], Metals [down 361.63pts], TECK [up 107.74pts], Oil& Gas [down 334.12pts].

World Indices

Index Value % Change

D J l 17402.51 -0.00

-S&P 500 2086.05 +0.10

NASDAQ 5044.39 +0.15

FTSE 100 6571.19 -1.40

Nikkei 225 20478.51 +0.42

Hong Kong 23965.68 +0.21

Top Gainers

Company CMP Change % Chg

HCLTECH 972.00 31.60 3.36

TECHM 558.55 17.90 3.31

SUNPHARMA 867.10 25.35 3.01

INFY 1,141.00 31.85 2.87

TCS 2,670.00 65.80 2.53

Top Losers


HINDALCO 95.90 7.35 -7.12

VEDL 114.80 8.75 -7.08

BPCL 868.00 57.25 -6.19

COALINDIA 372.60 20.10 -5.12

CAIRN 154.20 8.20 -5.05

Stocks at 52 Week’s HIGH

Symbol Prev. Close Change %Chg

AJANTPHARM 1,679.90 -30.60 -1.79

ASHOKLEY 87.90 1.15 1.33

DIVISLAB 2,188.00 46.70 2.18

JUBILANT 308.50 -4.85 -1.55

Indian Indices


NIFTY 8349.45 -112.90 -1.33

SENSEX 27512.26 -353.83 -1.27

Stocks at 52 Week’s LOW

Symbol Prev. Close Change %Chg

CAIRN 154.20 -8.20 -5.05

GAIL 338.50 -5.90 -1.71

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DAILY REPORT

13th

AUG. 2015


STOCK RECOMMENDATION [CASH]

1. VEDL (CASH)

Today VEDL break important support of 119 and finished with 7.85% loss on EOD chart, in August 2013 it given bounce back from this level and on monthly chart it has support at 96-97 so we advise to sell it below 113 use stop loss of 115.10 for target of 111-109

MACRO NEWS

The government has hired five banks to manage a stake sale valued at up to $1.5 billion in state-run Indian Oil Corp , IFR reported on Thursday

CPI for the month of July came in at 3.78%, helped by the base effect and a major slump in food prices. The inflation number compares to 5.48% in previous month and forecast by economists of 4.48%.

Steel stocks made good profit in otherwise downbeat market. In a bid to safeguard steel industry from cheaper yuan, govt has hiked import duty on steel by 2.5%.

GST watered down, can still add 0.6% to GDP growth. NMDC To Be Excluded & Adani Ports To Be Included

From Nifty w.e.f Sept 28.

Vedanta Says Subsidiary BALCO Has Decided To Close Down Its Rolled Product Business

Dr Reddy's Announces Launch Of Pramipexole Dihydro-chloride Extended-Release Tablets

SBI Says No Material Impact On Co By Hong Kong Regula-tory Action

DLF raises Rs 1000 cr through NCDs

Adani Power gets shareholders’ nod to raise Rs 10000 cr

Maruti Suzuki to launch new variant of diesel Ciaz in sec-ond half of the month

STOCK RECOMMENDATIONS [FUTURE] 1. BPCL [FUTURE]

Due to downfall in crude oil prices all Oil refineries share given smart bull run but today all these share faced strong profit booking in BPCL given double top pattern breakdown on EOD chart and finished around 6% fall while RSI showing clearly negative divergence so we advise to sell it below 864 for target of 855-845-835 use stop loss of 877

2. ACC [FUTURE]

ACC FUTURE finished around 1% loss on EOD chart with bearish candle, today it made low of 1355 and finished at 1365 but around 1355 many time it given smart bounce back and if it break this 1342 then we can see big correction so it can be buy around 1355 with strict stop loss of 1342 for tar-get of 1370/1385 or may positional with this level for target of 1450-1500


DAILY REPORT

13th

AUG. 2015


FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 8,400 128.95 8,06,568 34,35,525

NIFTY PE 8,300 86.60 7,49,284 50,66,625

BANKNIFTY PE 18,000 233.85 84,699 5,99,850

SBIN PE 260 8.50 5,160 23,15,000

TATASTEEL PE 250 8.45 4,194 11,80,000

INFY PE 1,100 7.45 4,094 6,52,250

RELIANCE PE 940 15.95 3,244 4,02,250

LT PE 1,750 28.40 3,176 1,78,875

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 8,500 57.70 9,43,946 40,85,150

NIFTY CE 8,700 14.15 6,94,516 52,43,975

BANKNIFTY CE 19,000 54.00 1,02,006 8,23,025

SBIN CE 280 1.80 11,359 55,39,000

TATASTEEL CE 260 4.80 8,824 27,57,000

RELIANCE CE 1,000 4.90 8,004 17,46,500

ASHOKLEY CE 90 2.50 6,616 63,76,000

SUNPHARMA CE 900 11.00 4,881 4,84,000

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 53000 1300.42 151733 3801.24 643322 14826.55 -2500.82

INDEX OPTIONS 716420 17311.64 592015 14579.40 2881213 74117.14 2732.24

STOCK FUTURES 119406 3299.57 109048 2966.39 1870211 50421.47 333.17

STOCK OPTIONS 113350 3097.05 119323 3258.79 129248 3438.14 -161.74

TOTAL 402.85

STOCKS IN NEWS IDBI Bank Q1 profit jumps 27% on other income, NPA

rises Ashok Leyland turns black in Q1, EBITDA rises 4-fold IndusIndBk raises Rs 5,081-cr via QIP, preferential issue Aurobindo Pharma Q1 Cons Net Profit Up 4.1% At Rs

432.4 Cr Vs Rs 415.4 Cr (YoY) Cons Total Income Up 14.1% At Rs 3,320.4 Cr Vs Rs 2,911 Cr (YoY)

Govt damage claim from Nestle go beyond Rs 640 cr NIFTY FUTURE

The GST bill concerns dragged the market yesterday, where Nifty moved down around 100 points. Since Nifty has a good support around current levels, it may return back from here. So we advise you to buy Nifty Future around 8310-8330 for the targets of 8400 and 8500 with strict stop loss of 8190

INDICES R2 R1 PIVOT S1 S2

NIFTY 8,487.12 8,418.28 8,378.12 8,309.28 8,269.12

BANK NIFTY 18,687.03 18,378.38 18,206.57 17,897.93 17,726.12


DAILY REPORT

13th

AUG. 2015


RECOMMENDATIONS

GOLD

TRADING STRATEGY:

BUY GOLD OCT ABOVE 25500 TGTS 25580,25670 SL BE-

LOW 25400

SELL GOLD OCT BELOW 25300 TGTS 25220,25130 SL

ABOVE 25400

SILVER

TRADING STRATEGY:

BUY SILVER SEP ABOVE 35450 TGTS 35650,35950 SL BE-

LOW 35150

SELL SILVER SEP BELOW 35200 TGTS 35000,34700 SL

ABOVE 35500

COMMODITY ROUNDUP

The price of gold rose to nearly a month's high in early

Wednesday trade before punters booked profits which

pulled down the yellow metal from the day’s peak. Still,

gold recorded a gain of around four per cent or Rs 900 per

10g in two days. Standard gold touched Rs 26,000 per 10g, a

level not seen after July 17 but the slipped on profit booking

by stockists. Gold closed at Rs 25,900 per 10g, a rise of Rs

380 from Tuesday.

Silver rose five per cent in two days, in line, to close at Rs

36,200 a kilo at Zaveri Bazaar here. Base metals widened

their losses, with copper at $5,063 an ounce on the bench-

mark London Metal Exchange on Wednesday, following fear

of lower import by China. With a devaluation in the Chinese

currency, the yuan, imports are set to become costlier.

Nickel plunged to the lowest level since 2008, while copper,

zinc and aluminium extended their declines.

Copper prices extended losses from the previous session on

Wednesday to hit a six-year low as some market analysts

feared that the rapid decline in the value of China's cur-

rency could ignite a currency war that would destabilize the

global economy. Indian MCX Copper was trading at Rs 334

per kg, up 0.48%. The prices of Copper tested a high of Rs

336 per kg and a low of Rs 329 per kg.

Sept. delivery on the Comex Copper division of the NYMEX

tumbled to a daily low of $2.292 a pound, a level not seen

since June 2009, before trading at $2.319 during European

morning hours, down 1.2 cents, or 0.52%. Copper prices

have been under pressure in recent weeks amid growing

concerns over the health of China's economy. Data released

Wednesday showed that China's industrial production in-

creased at an annual rate of 6.0% in July, disappointing ex-

pectations for a 6.6% gain.

Oil prices were steady early on Thursday, supported by

lower U.S. stockpiles and a firm demand outlook, but wor-

ries over China's economy continued to weigh. Oil

prices rose on Wednesday after an upbeat report from

the International Energy Agency (IEA) outweighed the bear-

ish impact of a further weakening of China's yuan currency

and disappointing Chinese industrial output data.


DAILY REPORT

13th

AUG. 2015


NCDEX

RECOMMENDATIONS

DHANIYA

BUY CORIANDER SEP ABOVE 10465 TARGET 10495 10545 SL

BELOW 10435

SELL CORIANDER SEP BELOW 10350 TARGET 10320 10270

SL ABOVE 10380

GUARSGUM

BUY GUARGUM OCT ABOVE 7750 TARGET 7800 7870 SL

BELOW 7690

SELL GUARGUM OCT BELOW 7610 TARGET 7560 7490 SL

ABOVE 7670

NCDEX ROUNDUP

Guar gum prices have fallen 35 per cent in four months, ow-ing to weak export demand. The constant drop in crude oil prices have seen a decline in gum demand globally by al-most 50 per cent from importing countries. Guar gum is used by drilling companies to thicken water that is mixed with sand and pumped through shale rock cracks to extract gas Also, good sowing in the current kharif season and ex-pectation of higher carryover stock has put increased pres-sure on gum prices. From Rs 130 a kg four months earlier, these have fallen to Rs 75-78 a kg.

Maharshtra Kharif sowing witnessed a good pick up in late July and steady rainfall over first week of August boosted the hopes. However, rains have witnessed a slackening over last one week and the overall spread and temporal distribu-tion of the rainfall is leaving much to be desired for the farmers. Marathwada is suffering from a chronic drought an drains in Western Maharashtra have also been rather mod-erate. Total rainfall in the state in the current monsoon is just about 60% of the LPA at 440 mm and water levels in major reservoirs are also not very satisfactory.

The word crude oil demand is increasing at its fastest pace in five years as the prices linger around six year lows, stated the International Energy Agency (IEA) in a latest monthly update today. The IEA said global oil demand would grow by 1.6 million barrels a day this year, an upward revision of 200,000 barrels a day from its previous forecast, and would keep rising by 1.4 million barrels a day next year.

NCDEX INDICES

Index Value % Change

CAETOR SEED 3983 +1.19

CHANA 4509 +0.40

CORIANDER 10208 +0.78

COTTON SEED 1922 -0.26

GUAR SEED 3478 -2.39

JEERA 15300 +3.48

MUSTARDSEED 4137 +1.45

REF. SOY OIL 580.5 +0.55

SUGAR M GRADE 7184 +0.34

TURMERIC 1496 +0.67


DAILY REPORT

13th

AUG. 2015


RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 64.8270 Yen-100 51.9100

Euro 71.8218 GBP 101.0005

CURRENCY

USD/INR

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

LOW 64.85

SELL USD/INR AUG BELOW 64.77 TARGET 64.64 64.49 SL

ABOVE 64.97

EUR/INR

BUY EUR/INR AUG ABOVE 72.5 TARGET 72.65 72.85 SL BE-

LOW 72.3

SELL EUR/INR AUG BELOW 71.15 TARGET 71 70.8 SL ABOVE

71.35

CURRENCY MARKET UPDATES: Indian rupee fell over 1% to 64.95 per dollar in intraday trade on Wednesday, a level last seen in Sept 2013 when the country was struggling with high current account defi-cit. The rupee's tumble comes amid a sharp decline across emerging market currencies following the devaluation of yuan by the Chinese government. China on Wednesday allowed the yuan to fall sharply for a second straight day. The People's Bank of China had billed Tuesday's move as a free-market reform but experts suspect it could be the be-ginning of a longer-term slide in the exchange rate to make China's ailing exports more competitive. The rapid drop in the value of yuan -- more than 4 per cent in the last two days -- dealt a body blow to appetite for risky assets globally, with equities, currencies and com-modities coming under selling pressure. The rupee ended at 64.78 per dollar, marking its sixth straight day of losses. The US dollar pushed sharply lower against a basket of cur-rencies on Wednesday after China devalued its currency for the second consecutive day. The U.S. dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, dropped down to 96.64, the lowest level since July 27. Dollar was lower against the yen, with USD/JPY down 0.81% at 124.11. The yen was boosted by increased safe haven demand as steep declines in equity and commodity markets hit demand for riskier assets. The European unit, meanwhile, hit a one-month high of 1.1150 against the dollar, with EUR/USD up 0.99% for the day. As against the pound, the dollar was lower with GBP/USD up 0.21% at 1.5604. U.K. average weekly earnings, excluding bonuses remained unchanged at an annualized 2.8% in the three months to June. Including bonuses, growth in average weekly earn-ings slowed to 2.4%, down from 3.2% in the three months to May. The U.K. unemployment rate remained unchanged at 5.6% in the three months to June, in line with forecasts. The number of people claiming unemployment benefits declined by 4,900 to 792,400 in July


DAILY REPORT

13th

AUG. 2015


CALL REPORT

S T O

PERFORMANCE UPDATES

Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

12/08/15 NCDEX DHANIYA SEPT. BUY 10550 10580-10630 10520 NOT EXECUTED

12/08/15 NCDEX DHANIYA SEPT. SELL 10310 10280-10230 10340 BOOKED FULL PROFIT

12/08/15 NCDEX GUARGUM OCT. BUY 8020 8070-8140 7960 NOT EXECUTED

12/08/15 NCDEX GUARGUM OCT. SELL 7760 7710-7640 7820 BOOKED FULL PROFIT

12/08/15 MCX GOLD OCT. BUY 25500 25580-25130 25400 NOT EXECUTED

12/08/15 MCX GOLD OCT. SELL 25300 25220-25130 25400 NOT EXECUTED

12/08/15 MCX SILVER SEPT. BUY 35450 35650-35950 35150 BOOKED FULL PROFIT

12/08/15 MCX SILVER SEPT. SELL 35200 35000-34700 35500 NOT EXECUTED

12/08/15 USD/INR AUG. BUY 64.55 64.68-64.83 64.35 NOT EXECUTED

12/08/15 USD/INR AUG. SELL 64.38 64.25-64.10 64.58 NOT EXECUTED

12/08/15 EUR/INR AUG. BUY 71.18 71.33-71.53 70.98 BOOKED FULL PROFIT

12/08/15 EUR/INR AUG. SELL 70.83 70.68-70.48 71.03 NOT EXECUTED

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

12/08/15 NIFTY FUTURE BUY 8490 8580-8680 8350 NOT EXECUTED

12/08/15 HINDZINC FUTURE SELL 150 148-146 152.5 BOOKED FULL PROFIT

12/08/15 AMTEKAUTO FUTURE SELL 157.5-158 155.5-153.5 160.1 NOT EXECUTED

12/08/15 BERGERPAINT CASH BUY 232.5 235-238 230 BOOKED PROFIT

11/08/15 NIFTY FUTURE BUY 8450-8470 8550-8650 8300 CALL OPEN


DAILY REPORT

13th

AUG. 2015


NEXT WEEK'S U.S. ECONOMIC REPORTS

ECONOMIC CALENDAR

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Disclaimer

TIME REPORT PERIOD ACTUAL CONSENSUS

FORECAST PREVIOUS

MONDAY, AUG. 10

NONE SCHEDULED

TUESDAY, AUG. 11

6 AM NFIB SMALL BUSINESS INDEX JULY -- 94.1

8:30 AM PRODUCTIVITY 2Q 1.8% -3.1%

8:30 AM UNIT LABOR COSTS 2Q -0.1% 6.7%

10 AM WHOLESALE INVENTORIES JUNE -- 0.8%

WEDNESDAY, AUG. 12

10 AM JOB OPENINGS JUNE -- 5.4 MLN

2 PM FEDERAL BUDGET JULY -- -$95 BLN

THURSDAY, AUG. 13

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

8:30 AM RETAIL SALES JULY 0.7% -0.3%

8:30 AM RETAIL SALES EX-AUTOS JULY 0.7% -0.1%

8:30 AM IMPORT PRICE INDEX JULY -- -0.1%

10 AM BUSINESS INVENTORIES JUNE 0.3% 0.3%

FRIDAY, AUG. 14

8:30 AM PRODUCER PRICE INDEX JULY -0.1% 0.4%

9:15 AM INDUSTRIAL PRODUCTION JULY 0.5% 0.2%

9:15 AM CAPACITY UTILIZATION JULY 78.1% 77.8%

10 AM CONSUMER SENTIMENT AUG. N/A 93.1
