epic research special report of 20 aug 2015

8
DAILY REPORT 20 th AUG. 2015 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance In overseas markets, Asian stocks edged lower today, 19 August 2015. US stocks closed lower yesterday, 18 August 2015, as Wall Street digested better than expected housing data and mixed earnings results while eyeing the the re- lease of the Federal Reserve's minutes. U.S. stocks fell in choppy trading on Wednesday as minutes from the latest Federal Reserve meeting highlighted concern over the state of the global economy, driving markets to question the like- lihood that the Fed will raise rates next month. European stock markets fell on Wednesday, extending a recent losing streak on the back of persistent worries over China, while drinks group Carlsberg slumped after cutting its outlook. Concerns about slowing growth in China pres- sured Asian shares and oil prices, while minutes from the U.S. Federal Reserve's July meeting dented expectations for a rate hike in mid-September. Previous day Roundup After a volatile day, the market ended with some gains. The Sensex was up 100.10 points or 0.4 percent at 27931.64 and the Nifty gained 28.60 points or 0.3 percent at 8495.15. About 1470 shares have advanced, 1407 shares declined and 121 shares were unchanged. The market re- versed morning losses to close higher Wednesday, aided by healthcare and technology stocks. However, equity bench- marks failed to hold psychological levels - 28000 on the Sensex and 8500 on the Nifty due to profit booking in PSU banks after one way rally. After hitting a fresh two-year low in early trade, the rupee recovered smartly in later part of the session. The market breadth indicating the overall health of the market was positive. Foreign portfolio investors (FPIs) sold shares worth a net Rs 255.42 crore yesterday, 18 August 2015, as per provisional data released by the stock ex- changes. Domestic institutional investors (DIIs) bought shares worth a net Rs 127.50 crore yesterday, 18 August 2015, as per provisional data. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 160.37pts], Capital Goods [up 91.65pts], PSU [down 81.03pts], FMCG [up 4.69pts], Realty [down 14.26pts], Power [down 1.00pts], Auto [up 90.31Pts], Healthcare [up 470.17Pts], IT [up 84.47pts], Metals [down 103.51pts], TECK [up 27.38pts], Oil& Gas [down 10.24pts]. World Indices Index Value % Change D J l 17,348.73 -0.93 S&P 500 2,079.61 -0.83 NASDAQ 5,019.05 -0.80 FTSE 100 6.403.45 -1.88 Nikkei 225 20,086.40 -0.67 Hong Kong 22,784.32 -1.66 Top Gainers Company CMP Change % Chg SUNPHARMA 928.00 38.25 4.30 ACC 1,445.00 57.65 4.16 LUPIN 1,804.00 52.95 3.02 WIPRO 584.85 13.70 2.40 CIPLA 697.00 13.20 1.93 Top Losers Company CMP Change % Chg HINDALCO 86.15 2.75 -3.09 SBIN 278.40 6.40 -2.25 COALINDIA 357.30 6.85 -1.88 BANKBARODA 209.00 3.90 -1.83 PNB 168.00 2.60 -1.52 Stocks at 52 Week’s HIGH Symbol Prev. Close Change %Chg AUROPHARMA 818.00 26.70 3.37 CEATLTD 1,120.00 9.10 0.82 GLENMARK 1,200.00 40.60 3.50 INFY 1,174.95 10.60 0.91 JUBILANT 355.50 -4.80 -1.33 Indian Indices Company CMP Change % Chg NIFTY 8495.15 +28.60 +0.34 SENSEX 27931.64 +100.10 +0.36 Stocks at 52 Week’s LOW Symbol Prev. Close Change %Chg AMTEKAUTO 81.75 -46.70 -36.36 HINDALCO 86.15 -2.75 -3.09 NMDC 96.00 0.60 0.63

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DAILY REPORT

20th

AUG. 2015

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance

In overseas markets, Asian stocks edged lower today, 19 August 2015. US stocks closed lower yesterday, 18 August 2015, as Wall Street digested better than expected housing data and mixed earnings results while eyeing the the re-lease of the Federal Reserve's minutes. U.S. stocks fell in choppy trading on Wednesday as minutes from the latest Federal Reserve meeting highlighted concern over the state of the global economy, driving markets to question the like-lihood that the Fed will raise rates next month.

European stock markets fell on Wednesday, extending a recent losing streak on the back of persistent worries over China, while drinks group Carlsberg slumped after cutting its outlook. Concerns about slowing growth in China pres-sured Asian shares and oil prices, while minutes from the U.S. Federal Reserve's July meeting dented expectations for a rate hike in mid-September.

Previous day Roundup

After a volatile day, the market ended with some gains. The Sensex was up 100.10 points or 0.4 percent at 27931.64 and the Nifty gained 28.60 points or 0.3 percent at 8495.15. About 1470 shares have advanced, 1407 shares declined and 121 shares were unchanged. The market re-versed morning losses to close higher Wednesday, aided by healthcare and technology stocks. However, equity bench-marks failed to hold psychological levels - 28000 on the Sensex and 8500 on the Nifty due to profit booking in PSU banks after one way rally. After hitting a fresh two-year low in early trade, the rupee recovered smartly in later part of the session.

The market breadth indicating the overall health of the market was positive. Foreign portfolio investors (FPIs) sold shares worth a net Rs 255.42 crore yesterday, 18 August 2015, as per provisional data released by the stock ex-changes. Domestic institutional investors (DIIs) bought shares worth a net Rs 127.50 crore yesterday, 18 August 2015, as per provisional data.

Index stats

The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 160.37pts], Capital Goods [up 91.65pts], PSU [down 81.03pts], FMCG [up 4.69pts], Realty [down 14.26pts], Power [down 1.00pts], Auto [up 90.31Pts], Healthcare [up 470.17Pts], IT [up 84.47pts], Metals [down 103.51pts], TECK [up 27.38pts], Oil& Gas [down 10.24pts].

World Indices

Index Value % Change

D J l 17,348.73 -0.93

S&P 500 2,079.61 -0.83

NASDAQ 5,019.05 -0.80

FTSE 100 6.403.45 -1.88

Nikkei 225 20,086.40 -0.67

Hong Kong 22,784.32 -1.66

Top Gainers

Company CMP Change % Chg

SUNPHARMA 928.00 38.25 4.30

ACC 1,445.00 57.65 4.16

LUPIN 1,804.00 52.95 3.02

WIPRO 584.85 13.70 2.40

CIPLA 697.00 13.20 1.93

Top Losers

Company CMP Change % Chg

HINDALCO 86.15 2.75 -3.09

SBIN 278.40 6.40 -2.25

COALINDIA 357.30 6.85 -1.88

BANKBARODA 209.00 3.90 -1.83

PNB 168.00 2.60 -1.52

Stocks at 52 Week’s HIGH

Symbol Prev. Close Change %Chg

AUROPHARMA 818.00 26.70 3.37

CEATLTD 1,120.00 9.10 0.82

GLENMARK 1,200.00 40.60 3.50

INFY 1,174.95 10.60 0.91

JUBILANT 355.50 -4.80 -1.33

Indian Indices

Company CMP Change % Chg

NIFTY 8495.15 +28.60 +0.34

SENSEX 27931.64 +100.10 +0.36

Stocks at 52 Week’s LOW

Symbol Prev. Close Change %Chg

AMTEKAUTO 81.75 -46.70 -36.36

HINDALCO 86.15 -2.75 -3.09

NMDC 96.00 0.60 0.63

DAILY REPORT

20th

AUG. 2015

YOUR MINTVISORY Call us at +91-731-6642300

STOCK RECOMMENDATION [CASH] 1. KEI (CASH)

KEI made new 52 week high of 118.90, today it finished with 2.28% gain but it finished below previous 52 week high of 118. On daily chart it showing up trend so we ad-vise to buy it above 119 use stop loss of 116 for target of 121-124-127. MACRO NEWS Cipla climbs 3%, enters HSBC's GEM Super 15 portfolio RCom in talk with CITIC to sell cable biz; aims to cut debt Amtek Auto cracks 40%; NSE to exclude stock from F&O

segment effective October 30 Deutsche Bank mulls selling activities in China, India Bank of Maharashtra may sell NPAs worth Rs 1,500-2000

crore to clean balance sheet Chandigarh govt plans to impose ban on tobacco sale USAID to mobilise $41mn for clean energy projects in

India Urea imports surge 29 per cent to 21.43 lakh tonnes in

April-July Coal prices fall to 12-year lows as China, India join global

slowdown in demand Inter-ministerial panel on coal linkage auction to meet

this week Consolidation should not be forced by BBB, govt: Krish-

namurthy Subramanian Decision to drop privatisation of airports was taken at

PM's level RBI Grants In-principle Approval To 11 Applicants For

Payments Banks Approves applications Of AB NuvO Adani Power may be disqualified from Rs 3662 crore

transmission projects in Sipat.

STOCK RECOMMENDATIONS [FUTURE] 1. SYNDICATE BANK [FUTURE]

Last week BANK NIFTY given recovery from bottom level in which PSU bank given rally but midcap PSU still facing resis-tance in which SYNDIBANK cross psychological resistance of 100 but it is facing strong hurdle at 107 and today it with doji candle since market it also range bound so we advise to sell it around 105-106 use stop loss of 107.50 for target of 103.60-101-99.30.

2. UPL [FUTURE]

UPL Future finished flat in last three trading session it bounce from 538 level and today it made high of 572 but on EOD chart it end with doji candle, if it faced resistance at 577 then it will create triple top formation so it will be good to sell around 570-573 use stop loss of 579 for target of 565-559-552.

DAILY REPORT

20th

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 8,600 63.50 9,31,200 48,82,700

NIFTY CE 8,500 115.90 8,93,071 30,32,675

BANKNIFTY CE 19000 194 1,22,103 6,53,725

RELIACNE CE 1,000 7.00 9,571 18,47,250

RELIACNE CE 980 12.40 8,235 9,10,250

SBIN CE 280 3.40 7,594 49,01,000

SBIN CE 270 6.65 7,472 32,34,000

RELIANCE CE 960 20.90 6,843 5,59,750

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 8,400 43.00 9,83,506 45,27,200

NIFTY PE 8,300 24.30 8,33,205 60,25,850

BANKNIFTY PE 18,000 52.20 92,458 5,50,975

RELIACNE PE 940 6.15 4,335 4,65,000

SBIN PE 260 3.20 3,835 26,08,000

DLF PE 120 1.65 3,673 27,24,000

DLF PE 110 0.70 3,210 23,44,000

RELIANCE PE 920 2.90 3,133 3,85,500

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 47534 1081.85 65995 1604.07 601399 14269.16 -522.22

INDEX OPTIONS 519392 12322.23 496496 11807.04 2994242 78714.19 515.19

STOCK FUTURES 121716 3442.14 102799 2939.00 1936427 53253.27 503.14

STOCK OPTIONS 81441 2320.62 82787 2365.06 153759 4215.60 -44.44

TOTAL 451.67

STOCKS IN NEWS Adani Power may be disqualified from Rs 3,662-cr

transmission projects RIL, telcos among 11 firms to launch payments banks . Bank of Maharashtra to sell stressed assets of up to Rs

2,000 cr by FY16-end Faster green clearances helps CIL add 130 mt new ca-

pacity Rajesh Exports bags Rs 1,170 crore order from UAE for

gold, diamond-studded jewellery NIFTY FUTURE

As expected NIFTY Future in last trading session re-mained range bound and closed with positive candlestick but it also has a strong resistance 8600 which has made Nifty come down many a times. So we may Buy Nifty Fu-ture on small dip around 8420 for the targets of 8500, 8600 with strict stop loss of 8300

INDICES R2 R1 PIVOT S1 S2

NIFTY 8,575.02 8,535.08 8,480.52 8,440.58 8,386.00

BANK NIFTY 19,028.75 18,904.80 18,750.20 18,626.20 18,471.57

DAILY REPORT

20th

AUG. 2015

YOUR MINTVISORY Call us at +91-731-6642300

RECOMMENDATIONS

GOLD

TRADING STRATEGY:

BUY GOLD OCT ABOVE 26260 TGTS 26340,26430 SL BE-

LOW 26170

SELL GOLD OCT BELOW 26100 TGTS 26020,25930 SL

ABOVE 26200

SILVER

TRADING STRATEGY:

BUY SILVER SEP ABOVE 35600 TGTS 35800,36100 SL

BELOW 35300

SELL SILVER SEP BELOW 35300 TGTS 35100,34800 SL

ABOVE 34600

COMMODITY ROUNDUP

Copper slipped further today with the MCX benchmark fu-tures sliding under Rs 330 per kgmark amid a continued bearish undertone in global markets and a massive selling in European stocks. US dollar remained stuck near one week high around 1.1000 against the Euro and kept copper under check. COMEX Copper is currently trading at $2.2750 per pound, down 0.52% on the day. These are the lowest levels in nearly six and half years for the red metal. MCX Copper futures are trading at Rs 328.25 per kg, down 0.80% on the day. The counter has failed to hold near Rs 340 per kg this week. Global economic worries continued to make their presence felt as the international coal prices tumbled to 12-year lows, according to media reports. The benchmark API2 2016 coal futures contract fell near 53 a tonne. Falling coal prices along with continued selling pressure in global crude oil prices and rising LME Copper inventories are likely to keep sentiments subdued for copper.

Gold prices today fell by Rs 50 to Rs 25,958 per 10 grams in futures trade amid a weak global trend. At Multi Commod-ity Exchange, gold for October contacts fell by Rs 50, or 0.19%, to Rs 25,958 per 10 grams in a business turnover of 354 lots. On similar lines, the precious metal for delivery in December was trading down by Rs 43, or 0.16%, to Rs 26,171 per 10 grams in 32 lots.

Oil prices fell four percent on Wednesday, with US crude hitting a six and a half year low, after a huge unexpected stockpile build in the United States reinforced concern about a growing global oil glut and predictions of even lower prices.US crude inventories rose by 2.6 million barrels last week to 456.21 million.

Supported by rising demand from alloy-makers at domestic spot markets, nickel futures traded a shade higher at Rs 680.30 per kg as speculators enlarged positions. At the Multi Commodity Exchange, nickel for delivery in August was up by just 50 paise, to Rs 680.30 per kg,

Investment banking major Macquarie has estimated a sur-plus of 15000 tonnes in global Nickel market this year. Global Nickel markets were earlier expected to be in deficit of 30000 tonnes as per the last estimate from the bank. Stainless steel demand, which accounts for nearly two thirds of global nickel consumption is now only expected to grow by 2.4% this year, compared with Macquarie's previ-ous estimates of 4%.

DAILY REPORT

20th

AUG. 2015

YOUR MINTVISORY Call us at +91-731-6642300

NCDEX

RECOMMENDATIONS

DHANIYA

BUY CORIANDER SEP ABOVE 10860 TARGET 10890 10940 SL

BELOW 10830

SELL CORIANDER SEP BELOW 10665 TARGET 10635 10585

SL ABOVE 10695

GUARSGUM

BUY GUARGUM OCT ABOVE 8150 TARGET 8200 8270 SL

BELOW 8090

SELL GUARGUM OCT BELOW 7980 TARGET 7930 7860 SL

ABOVE 8040

NCDEX ROUNDUP

Chana rose further 1.04 per cent to Rs 4,779 per quintal in futures trade today as traders widened their holdings, trig-gered by rising demand at the spot markets. Moreover, re-stricted supplies from producing belts coupled with lower estimated output too supported the uptrend. At NCDEX chana for August delivery rose by Rs 49, or 1.04 per cent, to Rs 4,779 per quintal, with an open interest of 3,750 lots. Similarly, chana for delivery in September was higher by Rs 42, or 0.89 per cent, to Rs 4,769 per quintal, with an open interest of 1,58,120 lots.

Cardamom fell 0.76 per cent to Rs 782.80 per kg in futures trade as speculators reduced positions amid low demand against higher supplies at spot market from producing belts. At MCX, cardamom for delivery in Sept fell Rs 6, or 0.76 per cent to Rs 782.80 per kg in a business turnover of 190 lots. Similarly, the spice for delivery in October edged down by Rs 4.40, or 0.55 per cent to Rs 791 per kg in 26 lots. Offload-ing of positions by speculators amid higher supplies from producing regions and muted demand at the spot market mainly pulled down cardamom prices in futures trade.

The latest data release by Ministry of Agriculture stated that the overall sowing of kharif oilseeds have reached 163.78 lakh hectares against 160.83 lakh hectares on 14th August 2015.The prices were also be pressurized by weak demand of mustard meal in local mandies. As per the latest data compiled by SEA of India also stated that the overall export of mustard meal during July 2015 is reported at 0.08 lakh tons compared to 0.87 lakh tons in July 2015.

NCDEX INDICES

Index Value % Change

CAETOR SEED 4100 +0.02

CHANA 4742 +0.25

CORIANDER 10419 -1.17

COTTON SEED 1959 +0.15

GUAR SEED 3587 +0.87

JEERA 15955 +0.06

MUSTARDSEED 4157 +0.12

REF. SOY OIL 585.6 -0.02

TURMERIC 7620 +3.67

WHEAT 1494 -0.07

DAILY REPORT

20th

AUG. 2015

YOUR MINTVISORY Call us at +91-731-6642300

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 65.2525 Yen-100 52.5000

Euro 72.1954 GBP 102.2507

CURRENCY

USD/INR

BUY USD/INR AUG ABOVE 65.35 TARGET 65.48 65.63 SL BE-

LOW 65.15

SELL USD/INR AUG BELOW 65.25 TARGET 65.12 64.97 SL

ABOVE 65.45

EUR/INR

BUY EUR/INR AUG ABOVE 72.2 TARGET 72.35 72.55 SL BE-

LOW 72

SELL EUR/INR AUG BELOW 71.9 TARGET 71.75 71.55 SL

ABOVE 72.1

CURRENCY MARKET UPDATES:

Staging a smart recovery, the rupee on Wednesday settled

4 paise higher at 65.27 against the US dollar despite plung-

ing to fresh two-year low in early trade amid global cur-

rency volatility. Besides, fresh dollar selling by exporters

and suspected RBI intervention through state-owned banks

predominantly triggered the rupee recovery as emerging

market currencies continued to founder amid worries over

the Chinese economy. The rupee is likely to remain an out-

performer among emerging market currencies and less

vulnerable to China's yuan devaluation against the back-

drop of robust forex reserves, they added.

The local currency also benefited from a smart rebound in

local equities as well as subdued greenback overseas. The

rupee opened substantially lower at 65.40 from Monday's

closing level of 65.31 at the Interbank Forex market due to

sustained demand from importers and foreign institutional

investors. It weakened further to hit a fresh two-year low

of 65.44 in late morning trade. However, smart recovery in

local equities and fresh selling of dollars by exporters

helped the local unit to rebound to touch a high of 65.11

before ending at 65.27, revealing a gain of 4 paise, or 0.06

percent. The US dollar index, which tracks the greenback

against a basket of six major rivals, was down by 0.03 per-

cent at 96.96.

The dollar weakened broadly on Wednesday, with inves-

tors cautious ahead of U.S. inflation data and minutes from

the Federal Reserve that could signal whether the central

bank is on track to raise interest rates next month. With

slumping Chinese stocks stoking fears about the stability of

the world's second-largest economy, the euro gained 0.4

percent against the dollar as a diminished appetite for risk

drove investors who had held euro-funded positions in

emerging market currencies to to buy back the single cur-

rency. The dollar has surged by almost 20 percent against a

basket of major currencies in the past year as expectations

have grown that the Fed would become the first major

central bank to hike rates since the financial crisis.

DAILY REPORT

20th

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

19/08/15 NCDEX DHANIYA SEPT. BUY 10840 10870-10920 10810 SL TRIGGERED

19/08/15 NCDEX DHANIYA SEPT. SELL 10700 10670-10620 10730 SL TRIGGERED

19/08/15 NCDEX GUARGUM OCT. BUY 8150 8200-8270 8090 NOT EXECUTED

19/08/15 NCDEX GUARGUM OCT. SELL 7750 7700-7630 7810 NOT EXECUTED

19/08/15 MCX GOLD OCT. BUY 26100 26180-26270 26000 BOOKED PROFIT

19/08/15 MCX GOLD OCT. SELL 26000 25920-25830 26100 NOT EXECUTED

19/08/15 MCX SILVER SEPT. BUY 34900 35100-35400 34600 BOOKED FULL PROFIT

19/08/15 MCX SILVER SEPT. SELL 34600 34400-34100 34900 NOT EXECUTED

19/08/15 USD/INR AUG. BUY 65.51 65.64-65.79 65.31 SL TRIGGERED

19/08/15 USD/INR AUG. SELL 65.25 65.12-64.97 65.45 NO PROFIT NO LOSS

19/08/15 EUR/INR AUG. BUY 72.70 72.85-73.05 72.50 NOT EXECUTED

19/08/15 EUR/INR AUG. SELL 72.30 72.15-71.995 72.50 BOOKED FULL PROFIT

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

19/08/15 NIFTY FUTURE SELL 8480 8400-8300 8620 CALL OPEN

19/08/15 VEDL FUTURE SELL 101.4 100.10-99 103.1 SL TRIGGERED

19/08/15 ABIRLANUVO FUTURE SELL 2290-2300 2260-2230 2340 NOT EXECUTED

19/08/15 RAJESH EXPORT CASH BUY 616 621-630 605 BOOKED PROFIT

14/08/15 NIFTY FUTURE SELL 8460-8480 8380-8250 8600 CALL OPEN

18/08/15 NIFTY FUTURE BUY 8500 8580-8700 8350 CALL OPEN

DAILY REPORT

20th

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. 17

8:30 AM EMPIRE STATE INDEX AUG. -- 3.9

10 AM HOME BUILDERS' INDEX AUG. -- 60

TUESDAY, AUG. 18

8:30 AM HOUSING STARTS JULY 1.24 MLN 1.174 MLN

8:30 AM BUILDING PERMITS JULY -- 1.337 MLN

WEDNESDAY, AUG. 19

8:30 AM CONSUMER PRICE INDEX JULY 0.1% 0.3%

8:30 AM CORE CPI JULY 0.2% 0.2%

2 PM FOMC MINUTES JULY 28-

29

THURSDAY, AUG. 20

8:30 AM WEEKLY JOBLESS CLAIMS AUG. 15 N/A N/A

10 AM PHILLY FED AUG. -- 5.7

10 AM EXISTING HOME SALES JULY 5.40 MLN 5.49 MLN

10 AM LEADING INDICATORS JULY -- 0.6%

FRIDAY, AUG. 21

NONE SCHEDULED