epic research special report of 19 oct 2015

DAILY REPORT

19th

OCT. 2015

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Global markets at a glance

Stocks in major world markets rose to a two-month high on Friday and the dollar ticked up, boosted by views that the European Central Bank may provide more stimulus to the euro zone economy.

US stocks ended higher on Friday, notching a third week of gains, lifted by a jump in General Electric shares and upbeat consumer sentiment data. The S&P 500's three weeks of gains marked its longest winning streak since May and ex-tended a rebound from the market's August selloff.

The DJI average rose 74.22 points, or 0.43%, to 17,215.97, the S&P 500 gained 9.25 points, or 0.46%, to 2,033.11 and the Nasdaq Composite added 16.59 points, or 0.34 percent, to 4,886.69. For the week, the Dow rose 0.8 percent and the Nasdaq gained 1.2%, both also registering a third week of gains, while the S&P 500 was up 0.9 percent. About 6.6 billion shares changed hands on US exchanges, compared with the 7.5bn daily average for the past 20 trading days.

European shares closed on Friday at their highest level in five weeks, helped by expectations monetary policy will remain accommodative, with French retailer Carrefour leading the advance on good quarterly results. The FTSEu-rofirst 300 index rose 0.7% at 1,435.1 points, managing to end a volatile week with a slight gain. The index rose 4.4% last week. The advance came as Wall Street edged higher and after strong gains in Asia with economic data easing concerns about the pace of recovery in the United States.

Previous day Roundup

The market extended rally for second consecutive session on Friday with the Nifty closing above 8200-mark for first time since August 21. Upside was led by banking & finan-cials, auto, oil and infrastructure stocks apart from positive global cues. The Sensex climbed 204.46pts or 0.76% to 27214.60 and the Nifty rallied 58.65 points or 0.72% to 8238.15 while the broader markets closed flat. The market may extend gain in near term and hit 8400 on the Nifty, but after that major profit booking may be seen.

Index stats

The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 51.55pts], Capital Goods [up 291.13pts], PSU [up 46.16pts], FMCG [up 13.31Pts], Realty [down 19.67pts], Power [up 9.93pts], Auto [up 159.97Pts], Healthcare [up 44.49Pts], IT [up 1.43pts], Metals [down 32.62pts], TECK [up 4.03pts], Oil& Gas [up 106.71pts].

World Indices

Index Value % Change

D J l 17215.97 +0.43

S&P 500 2033.11 +0.46

NASDAQ 4886.69 +0.34

FTSE 100 6378.04 +0.62

Nikkei 225 18291.80 +1.08

Hong Kong 23067.37 +0.78

Top Gainers

Company CMP Change % Chg

SBIN 256.80 7.85 3.15

LT 1,607.00 46.50 2.98

BPCL 911.00 17.90 2.00

YESBANK 773.55 14.40 1.90

ACC 1,393.00 21.75 1.59

Top Losers


LUPIN 2,052.95 46.15 -2.20

ADANIPORTS 323.30 5.70 -1.73

IDEA 150.40 2.00 -1.31

BANKBARODA 178.00 1.90 -1.06

TATASTEEL 253.00 2.25 -0.88

Stocks at 52 Week’s HIGH

Symbol Prev. Close Change %Chg

DHAMPURSUG 55.35 1.20 2.22

HIMATSEIDE 211.00 -17.95 -7.84

JINDALPOLY 490.00 10.25 2.14

KWALITY 98.75 1.90 1.96

ZEEL 424.00 5.25 1.25

Indian Indices


NIFTY 8238.15 +58.65 +0.72

SENSEX 27214.60 +204.46 +0.76

Stocks at 52 Week’s LOW

Symbol Prev. Close Change %Chg

THERMAX 827.10 -27.15 -3.18

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DAILY REPORT

19th

OCT. 2015


STOCK RECOMMENDATION [CASH]

3. SCI [CASH]

Due to bounce in port industries share SCI last week given gap up but at higher level it faced profit booking for that it create bearish reversal island pattern on EOD chart whose bottom at 81 so we advise to sell it below 81 for target of 80 78.50 76.50 use stop loss of 83

MACRO NEWS

Results today: UltraTechCement GRUH Finance, Gati, HCL Tech, Heritage Foods, Hind Zinc, Kesoram, Petronet, SKS Microfin, Sasken Comm

Airtel deal to sell over 3,500 towers in Africa collapses

DCB Bank decides to roll back aggressive branch expan-sion plan

Telcos challenge 'misplaced' call drops penalty order

Maggi clears Bombay HC mandated lab tests: Nestle In-dia

Reliance Q2 net up 3.8% QoQ to Rs 6561 cr, GRM at $10.6/bl

RIL, 9 global oil majors commit to cut green house gases

India's Sept fuel demand rises at fastest pace in a decade

Indian Oil Corporation purchases 30% of its crude from spot market, up 10% from last year

Bombay Dyeing's Rs 230 cr sale of textiles unit cancelled

Aditya Birla Group enters ecommerce, launches online fashion portal abof.com

NTPC incorporates arm to run Patratu power plant

RIL is not liable for KG-D6 gas migrating to ONGC blocks

M&M unveils two vehicles from new Supro stable

Honda, General Motors to jointly develop driverless cars

Amtek ropes in Morgan Stanley to sell minority stake in foreign arms

STOCK RECOMMENDATIONS [FUTURE] 1. APOLLO HOSPITAL [FUTURE]

APOLLOHOSPITAL FUTURE whole week traded in fix range & create bottom around 1440 since on EOD chart it moving in bearish pattern while in short term it create descending tri-angle pattern whose breakdown will come below 1435 so we advise to sell it below 1435 for target of 1420-1400–1380 use stop loss of 1451.

2. ALBK [FUTURE]

At last session ALBK FUTURE finished flat but it given around 2% bounce from lower level of 77.50 & end with hammer candle on EOD chart it is moving in ascending triangle pat-tern while on RSI it has positive divergence since above 80 it will be given pattern breakout while around 77.50 it has trend support so buy around 78 use stop loss of 76 for target of 79.25-80.75 82.50.


DAILY REPORT

19th

OCT. 2015


FUTURE & OPTION

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 8,200 116.50 8,00,415 47,05,850

NIFTY CE 8,400 27.05 6,21,287 43,54,250

BANKNIFTY CE 18,000 289.00 84,731 6,15,600

RELIANCE CE 920 16.80 9,064 8,80,000

RELIANCE CE 940 9.50 7,701 9,86,500

Adanient CE 100 2.30 7,679 13,40,000

LT CE 1,600 34.00 7,098 3,18,875

SBIN CE 250 10.05 6,457 39,41,000

MOST ACTIVE PUT OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 8,100 32.10 6,78,869 43,81,250

NIFTY PE 8,200 55.10 6,11,103 35,29,075

BANKNIFTY PE 17,500 116.05 59,472 3,69,200

RELIANCE PE 900 12.75 7,580 9,34,750

TATAMOTOR PE 380 8.85 6,592 11,34,500

LT PE 1,550 9.15 3,553 1,57,125

SBIN PE 250 2.70 2,683 11,64,000

ADANIENT PE 95 3.25 2,627 3,03,500

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 36054 1122.81 88827 1954.26 990835 24881.7 -831.445

INDEX OPTIONS 429322 11422.6 429594 11205.2 2332985 74049.2 217.4797

STOCK FUTURES 93690 2518.07 107009 2975.68 1804826 48744.4 -457.605

STOCK OPTIONS 80582 2024.22 81837 2046.58 129743 3539.59 -22.3651

TOTAL -1094

STOCKS IN NEWS OBC says probing forex fraud case,sees no financial hit Expect deal wins to pick up in Q3: NIIT Tech Aiming at Rs 1200cr retail sales in 2-3 yrs: Himatsingka J K Lakshmi Cement gets green nod for Rs 300-cr Bihar

project Vedanta lines up over Rs 20,500cr for Rajasthan bizz. Unichem gets USFDA nod for hypertension treatment

tablets ONGC has no claims in KG gas row: Reliance Industries

NIFTY FUTURE

After a long phase of pessimism NIFTY in last hours of last trading session broke the silence and closed above strong resistance of 8250. Though it moved only 150 points but the closing may prove to be absolutely ideal for bullies, with all indicators; RSI, Fibonacci positive. So we advise you to buy it around 8200-8230 for targets of 8330 and 8450 with strict stop loss of 8000

INDICES R2 R1 PIVOT S1 S2

NIFTY 8,310.00 8,274.00 8,210.00 8,174.00 8,110.00

BANK NIFTY 18,180.00 18,045.00 17,814.00 17,680.00 17,449.00


DAILY REPORT

19th

OCT. 2015


RECOMMENDATIONS

GOLD

TRADING STRATEGY:

BUY GOLD OCT ABOVE 27400 TGTS 27480,27570 SL BE-

LOW 27300

SELL GOLD OCT BELOW 27100 TGTS 27020,26930 SL

ABOVE 27200

SILVER

TRADING STRATEGY:

BUY SILVER DEC ABOVE 37500 TGTS 37700,38000 SL BE-

LOW 37200

SELL SILVER DEC BELOW 37200 TGTS 37000,36700 SL

ABOVE 37500

COMMODITY ROUNDUP

Gold prices fell 0.43 per cent to Rs 27,360 per 10 grams in

futures trade, amid a weak trend overseas and profit-

booking by speculators At the MCX gold for delivery in far-

month February next year eased Rs 117, or 0.43%, to Rs

27,360 per 10 grams, in a business turnover of 17 lots. De-

cember gold shed Rs 109, or 0.40%, to Rs 27,148 per 10

grams in 392 lots. Besides profit-booking by speculators, a

weak trend in overseas markets, weighed on gold futures.

Globally, gold traded 0.45 per cent lower at $1,178.10 an

ounce in Singapore.

Silver prices moved down by 0.38% to Rs 37,370 per kg in

futures trade as participants locked-in gains at prevailing

levels amid weak trend overseas. In futures trade, silver for

delivery in Dec. moved down Rs 143, or 0.38%, to Rs 37,370

per kg at MCX It clocked a business turnover of 375 lots.

March silver declined Rs 133, or 0.35 per cent, to Rs 38,100

per kg in 19 lots. Profit-booking by speculators at prevailing

levels and a weak trend in precious metals, mainly led to

the fall in silver prices at futures trade. Meanwhile, silver

traded 0.4% lower at $16.06 an ounce in Singapore.

In restricted movements, aluminium prices fell 0.25% to Rs

100 per kg in futures trading, taking weak cues from global

markets. Further, subdued demand in the domestic

spot marketsalso weighed on the metal prices. At the MCX

aluminium for delivery in Oct shed 25 paise, or 0.25%, to Rs

100 per kg in business turnover of 576 lots. The November

contract traded lower by a similar margin to Rs 101.70 in 70

lots. The weakness in aluminium at futures trade was

mostly in tune with a downtrend in select base metals at

LME and subdued demand at the domestic spot markets.

Mining major Antofagasta has mentioned that it is expect-

ing a rebounce in Copper prices in future as there is little

scope of the metal to move down further from its six year

lows. Copper hit a six-year low of $US2.20 a pound in Au-

gust, down from a record high of about $US4.66 in 2011.

Antofagasta has no plans to pare back production from its

mines as all operations are profitable. Rival producers Glen-

core Plc and Freeport-McMoRan Inc. have announced out-

put cuts this year amid a slump in prices. Indian Copper was

swinging between profits and losses trading at Rs 346.45

per kg, down 0.94%. The prices tested a high of Rs 349.80

per kg and a low of Rs 346.15 per kg.


DAILY REPORT

19th

OCT. 2015


NCDEX

NCDEX ROUNDUP Cardamom prices fell further by 0.55 per cent to Rs 828 per kg in futures trading as participants trimmed positions, trig-gered by adequate stocks position at spot market on higher supplies from producing regions. At the MCX cardamom for delivery in December fell Rs 4.60, or 0.55%, to Rs 828 per kg, in a business turnover of 11 lots. On similar lines, the spice for delivery in Nov. shed Rs 3.80, or 0.47 per cent, to Rs 804.30 per kg in 144 lots. Offloading of positions by trad-ers, driven by sufficient stocks in the physical market on higher supplies from producing belts against subdued de-mand, mainly kept cardamom prices lower at futures trade. Rising for the fourth straight day, mentha oil prices were up by 0.39% to Rs 875.60 per kg in futures trading today as speculators enlarged positions amid rising demand from consuming industries in the spot market. Besides, tight stocks position following restricted supplies from producing region supported the upside. At MCX mentha oil for delivery in October rose Rs 3.40, or 0.39 per cent, to Rs 875.60 per kg, in a business turnover of 277 lots. The Nov contract gained Rs 3.30, or 0.37%, to Rs 887.70 per kg in 99 lots. Be-sides rising demand from consuming industries in the spot market, restricted supplies from producing belts. Indian cotton prices have maintained bullish trend due to limited production in the current year. The spot prices of cotton traded higher across all the major mandies of north India on Friday. In Punjab, ready delivery cotton traded at Rs 3520-3530 a maund. In Haryana, it offered at Rs 3,430-3,440 while in Rajasthan, ready delivery new cotton quoted at Rs 3,380-3,450 a maund. This was mainly due to severe cotton crop damage in Punjab. The unofficial data stated that two-thirds of cotton crop has been destroyed by white-fly in Punjab.The losses have been pegged at Rs 4,200cr.

NCDEX INDICES

Index Value % Change

CAETOR SEED 3961 -0.83

CHANA 5251 +1.72

CORIANDER 11860 +0.80

COTTON SEED 1670 -0.71

GUAR SEED 4040 -3.99

JEERA 15950 -1.69

MUSTARDSEED 4901 -0.95

REF. SOY OIL 634 -0.98

TURMERIC 2775 +0.00

WHEAT 7950 -0.87

RECOMMENDATIONS

DHANIYA

BUY CORIANDER NOV ABOVE 12120 TARGET 12148 12228

SL BELOW 12093

SELL CORIANDER NOV BELOW 11900 TARGET 11872 11792

SL ABOVE 11927

GUARSGUM

BUY GUARGUM NOV ABOVE 8500 TARGET 8550 8620 SL

BELOW 8440

SELL GUARGUM NOV BELOW 8410 TARGET 8360 8290 SL

ABOVE 8470


DAILY REPORT

19th

OCT. 2015


RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 64.9697 Yen-100 54.5400

Euro 73.9940 GBP 100.5536

CURRENCY

USD/INR

BUY USD/INR OCT ABOVE 64.95 TARGET 65.08 65.23 SL BE-

LOW 64.75

SELL USD/INR OCT BELOW 64.77 TARGET 64.64 64.49 SL

ABOVE 64.97

EUR/INR

BUY EUR/INR OCT ABOVE 73.81 TARGET 73.96 74.16 SL BE-

LOW 73.61

SELL EUR/INR OCT BELOW 73.66 TARGET 73.51 73.31 SL

ABOVE 73.86

CURRENCY MARKET UPDATES:

The Indian rupee on Friday erased all the morning losses and closed marginally higher against the US dollar, after local equity markets closed over 200 points higher. The home currency closed at 64.82, up 0.02%, from its previous close of 64.83. The local unit opened at 64.88 per US dollar and touched a high of 65.02. Most Asian currencies closed lower. Malaysian ringgit was down 1.37%, Indonesian rupiah 0.9%, Philippines peso 0.73%, Thai baht 0.43%, Sin-gapore dollar 0.35%, China offshore 0.26%, China renminbi 0.12% and Japanese yen 0.06%.

The US dollar recovered against a basket of currencies in quiet trades on Friday, extending previous day gains fol-lowing upbeat US data. The dollar strengthened broadly after the U.S. Department of Labor reported on Thursday that the number of individuals filing for initial jobless bene-fits in the week ending October 10 decreased by 7,000 to 255,000 from the previous week's total of 262,000. U.S. Commerce Department said that consumer prices fell 0.2% last month. Y-o-y, consumer prices were flat in Sept. Core consumer prices, which exclude food and energy costs, increased by 0.2%, above expectations for a gain of 0.1%. Investors were awaiting reports on U.S. industrial produc-tion and consumer sentiment due later in the day, for fur-ther indications on the strength of the economy.

Dollar remained broadly higher as investors eyed the re-lease of additional U.S. economic reports later in the day. The dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, was up 0.23% at 94.67. The dollar was higher against the euro, with EUR/USD shedding 0.26% to 1.1357. Eurostat said the euro zone's consumer price index rose 0.2%, in line with expectations and up from an initial estimate of 0.0%. Greenback was higher against the yen with USD/JPY rising 0.16% to 119.08. Bank of Japan Governor Haruhiko Kuroda on Friday said that the overall inflation trend is im-proving and that consumer spending is recovering from a lull earlier this year, dampening expectations that the cen-tral bank will increase stimulus measures. As against the dollar, pound was steady with GBP/USD at 1.5447.


DAILY REPORT

19th

OCT. 2015


CALL REPORT

S T O

PERFORMANCE UPDATES

Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

16/10/15 NCDEX DHANIYA NOV. BUY 12050 12078-12158 12023 BOOKED PROFIT

16/10/15 NCDEX DHANIYA NOV. SELL 11910 11882-11802 11937 NOT EXECUTED

16/10/15 NCDEX GUARGUM NOV. BUY 8960 9010-9080 8900 NOT EXECUTED

16/10/15 NCDEX GUARGUM NOV. SELL 8660 8610-8540 8720 BOOKED FULL PROFIT

16/10/15 MCX GOLD OCT. BUY 27300 27380-27470 27200 NOT EXECUTED

16/10/15 MCX GOLD OCT. SELL 27100 27020-26930 27200 SL TRIGGERED

16/10/15 MCX SILVER DEC. BUY 37500 37700-38000 37200 NO PROFIT NO LOSS

16/10/15 MCX SILVER DEC. SELL 37200 37000-36700 37500 SL TRIGGERED

16/10/15 USD/INR OCT. BUY 65.05 65.18-65.33 65.85 SL TRIGGERED

16/10/15 USD/INR OCT. SELL 64.80 64.67-64.52 65.00 NOT EXECUTED

16/10/15 EUR/INR OCT. BUY 74.45 74.60-74.80 74.25 NOT EXECUTED

16/10/15 EUR/INR OCT. SELL 74.11 73.96-73.76 74.31 BOOKED FULL PROFIT

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

16/10/15 NIFTY FUTURE SELL 8250-8300 8150-8000 8400 CALL OPEN

16/10/15 PFC FUTURE BUY 247 250-253 242 NOT EXECUTED

16/10/15 LT FUTURE BUY 1545-1555 1569-1580 1520 BOOKED FULL PROFIT

16/10/15 HIMATSEIDE CASH BUY 235 240-245 230 SL TRIGGERED

09/10/15 NIFTY FUTURE SELL 8190 8070-7950 8380 CALL OPEN

09/10/15 NIFTY FUTURE SELL 8180 8100-7050 8350 CALL OPEN

09/10/15 RELCAPITAL FUTURE SELL 400-405 395-387 411 SL TRIGGERED

09/10/15 RELINFRA FUTURE SELL 375-378 370-3765 385 SL TRIGGERED


DAILY REPORT

19th

OCT. 2015


NEXT WEEK'S U.S. ECONOMIC REPORTS

ECONOMIC CALENDAR

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Disclaimer

TIME REPORT PERIOD ACTUAL CONSENSUS

FORECAST PREVIOUS

MONDAY, OCT. 19

10 AM HOME BUILDERS' INDEX OCT. 62 62

TUESDAY, OCT. 20

8:30 AM HOUSING STARTS SEPT. 1.131 MLN 1.126 MLN

WEDNESDAY, OCT. 21

NONE SCHEDULED

THURSDAY, OCT. 22

8:30 AM WEEKLY JOBLESS CLAIMS OCT. 10 N/A N/A

10 AM EXISTING HOME SALES SEPT. 5.31 MLN 5.31 MLN

FRIDAY, OCT. 23

NONE SCHEDULED


epic research special report of 19 oct 2015

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