epic research special report of 20 nov 2015

DAILY REPORT

20th

NOV. 2015

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Global markets at a glance

Asian shares looked set to hold on to this week's gains, while the dollar took a breather on Friday after stepping back from seven-month highs as investors grappled with the prospects of higher US borrowing costs and slower global economic growth. Commodity prices were pres-sured, with copper near 6-1/2-year lows and a major sea freight index hitting its lowest level on record, underscoring worries over slackening world demand. MSCI's broadest index of Asia-Pacific shares outside Japan was almost flat on the day, though it held on to gains of 1.7 percent so far this week. Japan's Nikkei retreated from three-month highs hit on Thursday, falling 0.5 percent as the dollar dipped versus the yen though it is likely to post its fifth consecutive week of gains.

Wall Street ended a little lower on Thursday as falling healthcare stocks offset gains in Intel and other technology names while investors eyed an expected rate hike in De-cember. A profit warning by UnitedHealth led to a 5.65 per-cent drop in its stock, making the health insurer the biggest drag on the Dow Jones industrial average and the S&P 500. It also sent the shares of competitors Anthem and Aetna down more than 6 percent each. The S&P healthcare sector was the worst performer among the 10 major S&P sectors with a 1.63 percent decline.

Previous day Roundup

Bulls came back in action Thursday as the market has seen sharp rebound after a steep fall in previous session, track-ing upside in global peers that reacted positively to the re-lease of Federal Reserve's October meeting minutes. Rally in technology, banking & financials, oil, FMCG and auto stocks helped the 30-share BSE Sensex rise 359.40 points or 1.41 percent to 25841.92. The 50-share NSE Nifty ended tad below 7850 level, up 110.95 points or 1.43% to 7842.75. Not only equity benchmarks but the broader mar-kets also gained strength. The BSE Midcap and Smallcap indices rallied 1.2% and 1.3%, respectively. The market breadth too was positive as about two shares advanced for every share declining on the BSE.

Index stats

The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 232.29pts], Capital Goods [up 156.13pts], PSU [up 59.99pts], FMCG [up 92.72Pts], Realty [up 0.84Pts], Power [up 12.81pts], Auto [up 267.03Pts], Healthcare [down 12.83Pts], IT [up 194.18pts], Metals [up 63.79Pts], TECK [up 101.79pts], Oil& Gas [up 153.51pts].

World Indices

Index Value % Change

D J l 17709.00 +0.01

S&P 500 2077.25 -0.10

NASDAQ 5073.64 -0.03

FTSE 100 6328.50 -0.11

Nikkei 225 19755.98 -0.52

Hong Kong 22470.57 -0.13

Top Gainers

Company CMP Change % Chg

TECHM 535.05 18.35 3.55

BAJAJ-AUTO 2,424.60 81.70 3.49

GAIL 319.50 10.60 3.43

ZEEL 392.00 12.90 3.40

HCLTECH 873.70 28.05 3.32

Top Losers


DRREDDY 3,298.85 68.10 -2.02

SUNPHARMA 743.50 10.25 -1.36

IDEA 133.55 1.40 -1.04

COALINDIA 333.90 1.15 -0.34

BANKBARODA 168.00 0.35 -0.21

Stocks at 52 Week’s HIGH

Symbol Prev. Close Change %Chg

INDIGO 1,166.70 121.05 11.58

KEC 160.00 11.65 7.85

MAX 579.45 17.80 3.17

- -

Indian Indices


NIFTY 7842.75 +110.95 +1.43

SENSEX 25841.92 +359.40 +1.41

Stocks at 52 Week’s LOW

Symbol Prev. Close Change %Chg

BHEL 175.80 1.10 0.63

CORPBANK 41.95 0.20 0.48

SADBHIN 95.30 -1.10 -1.14

TREEHOUSE 232.00 -9.10 -3.77

VIMALOIL 45.20 -1.70 -3.62

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DAILY REPORT

20th

NOV. 2015


STOCK RECOMMENDATION [CASH] 3. EVEREADY [CASH]

EVEREADY create double bottom formation on EOD chart whose breakout will come above 281 & near this level it has trend line resistance since STOCHASTIC has been given cross over so we can buy it above 282 for target of 285 290 295 use stop loss of 278 MACRO NEWS

Govt to auction eight coal blocks in next round: Coal secy

SSG Capital steps in to buy out Amtek Auto debentures owned by JP Morgan AMC

RBI Issues Directions To Obtain Prior Nod For Acqn Of Shares In Private Sector Banks

SBI Capital Markets Says Fiscal Deficit To Worsen By 40 bps To 4.3% Due To 7th Pay Commission Recos

Kanorias of SREI to mediate possible one time settle-ment between beleaguered Vijay Mallaya and consor-tium of lenders to defunct KFA

Aviation ministry scraps 2nd approval for import aircraft

CARE likely to sell up to 22% in Mauritian arm

Jubilant FoodWorks plans to hire 5,000 employees in FY16, invest Rs 200 crore

RBI sets direct agri-lending target at 11.57%

Jan Dhan Yojana 5.37 crore bank a/cs deposits grow from Rs 4.27 lakh to Rs 27,000 crore in a year

Banks need to invest more on tech for Basel III compli-ance: Report

US opposes India's latest round of incentives to boost textile exports

Government may make methanol production from do-mestic coal a high policy priority

STOCK RECOMMENDATIONS [FUTURE] 1. OIL INDIA [FUTURE]

OIL INDIA Future traded near all time low of derivative mar-ket but from last three session it moving in very narrow range & creating doji candle at higher side it getting resis-tance at 364 but actual breakout will come above 365. Mo-mentum indicator RSI in over sold area while STOCHASTIC has been given positive cross over so we advise to buy it above 365 for target of 370 375 380 use stop loss of 357.50. 2. PIDILITEIND [FUTURE]

PIDILITIND FUTURE create bottom around 533 in last week it break this level but every time it given bounce back while at upper side it is getting resistance at 543. On last session it finished with doji candle so we advise to buy it around 533-535 use stop loss of 529 for target of 540 545 550.


DAILY REPORT

20th

NOV. 2015


FUTURE & OPTION

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 7,900 41.10 4,49,238 52,28,475

NIFTY CE 8,000 14.60 3,19,084 76,24,650

BANKNIFTY CE 17,500 40.75 1,00,453 7,66,200

DRREDDY CE 3,400 34.00 8,112 1,99,800

RELIANCE CE 940 8.55 3,538 6,70,500

SBIN CE 250 2.05 3,249 1,03,70,000

LT CE 1,400 6.40 2,912 12,13,800

MARUTI CE 4,700 23.95 2,319 2,17,000

MOST ACTIVE PUT OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 7,800 33.25 3,80,375 45,73,050

NIFTY PE 7,700 14.25 3,70,334 67,84,350

BANKNIFTY PE 16,500 32.70 77,050 7,46,940

DRREDDY PE 3,000 10.05 6,598 1,61,250

MARUTI PE 4,500 10.00 2,146 1,66,750

RELIANCE PE 920 4.40 1,996 4,00,000

SBIN PE 240 2.00 1,927 22,08,000

MARUTI PE 4,600 27.00 1,883 1,11,250

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 43397 2488.84 42739 2465.84 294364 16972.2 23.0044

INDEX OPTIONS 437502 25167.5 396306 22686.6 1290936 75031.7 2480.901

STOCK FUTURES 82665 4137.05 75371 3747.44 993323 48741.8 389.614

STOCK OPTIONS 47338 2348.17 48336 2403.43 82245 4041.04 -55.2578

TOTAL 2839.26

STOCKS IN NEWS

Dr Reddy’s Labs sues AstraZeneca in US alleging agree-ment breach over Nexium

Jubilant Foodworks to hire 5000 employees, invest `200 cr in FY16

Hindalco, Birla Carbon to raise $2.4bn via bonds

PTC India Financial Services Signs MoU With India Infra Finance Co To Provide Financing For Infra Projects

Jindal Steel shares down 61% on demerger of 3 arms

Dr Reddy's recovers after losing 7% intraday on Lundin Law probe

NIFTY FUTURE

Nifty Future in yesterday trading session closed with gains, it traded around 100 points. For tomorrow Nifty seems to be bullish again as RSI is positive. So we advise you to buy it around 7840 for the targets of 7930 and8050 with strict stop loss of 7700

INDICES R2 R1 PIVOT S1 S2

NIFTY 7,910.00 7,876.00 7,820.00 7,786.00 7,730.00

BANK NIFTY 17,254.00 17,162.00 17,018.00 16,926.00 16,782.00


DAILY REPORT

20th

NOV. 2015


RECOMMENDATIONS

GOLD

TRADING STRATEGY:

BUY GOLD DEC ABOVE 25300 TGTS 25380,25480 SL BE-

LOW 25200

SELL GOLD DEC BELOW 25100 TGTS 25020,24930 SL

ABOVE 25200

SILVER

TRADING STRATEGY:

BUY SILVER DEC ABOVE 33900 TGTS 34100,34400 SL BE-

LOW 33600

SELL SILVER DEC BELOW 33500 TGTS 33300,33000 SL

ABOVE 33800

COMMODITY ROUNDUP Gold is managing to hold up today as rising geopolitical ten-sions boosted the safe haven appeal of the metal. The com-modity remained steady last night after the latest FOMC minutes showed that a large majority of Federal Reserve officials last month signaled they were nearly ready to make their first interest-rate hike in nine years. This kept the metal under check but good buying continued to emerge around six year lows. European stocks edged higher amid continued buying support even as the geopolitical stress lingered. Gold currently trades at $1071 per ounce, up 0.71% on the day. The benchmark MCX Gold ended around Rs 25100 per 10 gram levels yesterday as lows under Rs 25K offered god support. The counter is quoting at Rs 25140 per 10 grams, up 0.18% on the day. Oil prices fell on Thursday, with US crude dipping below $40 per barrel, retreating from early gains amid a persistent global glut of crude and refined fuel. Brent crude fu-tures were down 20 cents at $43.94 a barrel by 1411 GMT. Rising US stockpiles served as the most visible evidence of oversupply in oil markets. Goldman Sachs said on Thursday there remained a downside risk to oil prices "as storage utilization continues to climb". The bank added that "we don't believe that current prices present an appealing entry point". International benchmark Brent is down nearly 12 per cent this month and 24 per cent this year, having slumped from as high as $115 in 2014. Copper prices fell to the lowest level since May 2009 on Thursday, as investors continued to cut holdings of the red metal amid bearish chart signals. Copper for December de-livery on the Comex division of the New York Mercantile Exchange shed 0.1 cents, or 0.03%, to trade at $2.077 a pound during morning hours in London. It earlier fell to $2.059, a level not seen in more than six years. Copper prices have declined for 14 straight days as the possibility of higher interest rates in the U.S. and slower global economic growth, particularly in China, weighed. Prices of the red metal are down almost 30% since May as fears of a China-led global economic slowdown spooked traders and rattled sentiment. Minutes of Fed October meeting released Wednesday showed that a majority of board members are in favor of a December liftoff. Copper prices have fallen 5% so far this week to their lowest in six and a half years, while steel product prices are down 35% this year. MCX Copper was trading at Rs 304.55 per kg, up 0.05%. The prices tested a high of Rs 305 per kg and a low of Rs 301.15 per kg.


DAILY REPORT

20th

NOV. 2015


NCDEX

NCDEX ROUNDUP Fresh buying was seen in turmeric market due to strong off-take of traders and spices processors along with receding supplies in local mandies. Strong turmeric demand has been reported in physical mandies to cater the festival and mar-riage season demand. Moreover, weak stocks in local mandies have also supported the prices. The latest govt fig-ures have reduced the estimate for turmeric output to 852000 tonnes for 2014-15 (Jul-Jun) from the previous pro-jection of 1.19mn tonnes. The NCDEX Dec futures added 0.49% to close at Rs 9894 per quintal. The NCDEX futures added 3.30% in OI indicating fresh buying by traders. Coriander prices fell 1.07% to Rs 10,531 per quintal in fu-tures trade as speculators trimmed their positions, tracking a weak trend at the spot markets due to subdued demand. Besides, ample stock position following rising arrivals from major producing belts too weighed on coriander futures. At NCDEX coriander prices for delivery in Dec fell Rs 114, or 1.07%, to Rs 10,531 per quintal, with an open interest of 30,740 lots. Also, coriander for Nov delivery eased by Rs 96, or 0.94%, to Rs 10,062 per quintal, with an open interest of 570 lots. Fall in demand against ample stocks in the physical market, mainly led to the fall in coriander prices. Chana prices were down 1.03% to Rs 5,075 per quintal in futures trade as participants reduced exposure, triggered by higher supplies from producing regions at the spot markets. At NCDEX chana for delivery in December eased by Rs 53, or 1.03%, to Rs 5,075 per quintal with an open interest of 56,850 lots. The commodity for delivery in January 2016 traded lower by Rs 19, or 0.39%, to Rs 4,829 per quintal in 24,730 lots. Marketmen attributed the fall in chana prices to higher supplies from producing belts against weak trend at spotmarkets on fall in demand at prevailing levels.

NCDEX INDICES

Index Value % Change

CAETOR SEED 4143 -0.36

CHANA 5385 +0.09

CORIANDER 9856 -2.97

COTTON SEED 1717 +0.94

GUAR SEED 3564 +0.11

JEERA 15600 +0.42

MUSTARDSEED 4710 -0.80

REF. SOY OIL 593.1 -0.24

TURMERIC 2673 +0.41

WHEAT 9700 +0.50

RECOMMENDATIONS

DHANIYA

BUY CORIANDER DEC ABOVE 10620 TARGET 10660 10740

SL BELOW 10570

SELL CORIANDER DEC BELOW 10500 TARGET 10460 10380

SL ABOVE 10550

GUARSGUM

SELL GUARGUM DEC BELOW 7450 TARGET 7400 7330 SL

ABOVE 7510

BUY GUARGUM DEC ABOVE 7530 TARGET 7580 7650 SL

BELOW 7470


DAILY REPORT

20th

NOV. 2015


RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 66.1105 Yen-100 53.6200

Euro 70.7779 GBP 101.0301

CURRENCY

USD/INR

BUY USD/INR NOV ABOVE 66.4 TARGET 66.53 66.68 SL BE-

LOW 66.2

SELL USD/INR NOV BELOW 66.2 TARGET 66.07 65.92 SL

ABOVE 66.4

EUR/INR

BUY EUR/INR NOV ABOVE 71.05 TARGET 71.2 71.4 SL BE-

LOW 70.85

SELL EUR/INR NOV BELOW 70.8 TARGET 70.65 70.45 SL

ABOVE 71

CURRENCY MARKET UPDATES: The US dollar edged lower against a basket of currencies on Thursday, as investors booked profit from the green-back rally after fresh signs of a potential Fed rate hike later this year. It strengthened broadly after the minutes of the Fed's Oct meeting showed on Wednesday that a majority of board members are in favor of a Dec rate hike. While no decision had been made, it may well become appropriate to initiate the normalization process at the next meeting. The dollar index, was down 0.37% at 99.30, still close to Wednesday's seven-month high of 99.96. The European unit rose 0.35% to 1.0697 versus the green-back, off the previous session's six-month trough of 1.0616. The euro's gains were held in check as the Euro-pean Central Bank is expected to expand its quantitative easing program and possibly cut rates further into negative territory at its December meeting. The single currency also remained under pressure amid concerns that the terrorist attacks in Paris could undermine the already fragile eco-nomic recovery in the region. Meanwhile, the yen regained strength after the Bank of Japan maintained its current pace of monetary stimulus on Thursday, going against re-cent market expectations for additional easing measures. As against the pound, dollar was lower against the pound with GBP/USD up 0.22% at 1.5267. The U.K. Office for Na-tional Statistics said retail sales fell 0.6% last month, worse than forecasts for a decline of 0.5%. On a yoy basis, retail sales rose 3.8% in Oct, below expectations for a 4.2% gain, after rising at an annualized rate of 6.2% in September. Snapping its two-day losing streak against the American currency, the Indian rupee recovered by 12 paise to close at 66.18 per US dollar on fresh selling of greenback by banks and exporters amid recovery in the equity market. Weakness of dollar in the overseas market also boosted the rupee value against the dollar. It opened higher at 66.10 per dollar as against overnight level of 66.30 at the Interbank Forex market and firmed up further to 66.04 on initial dollar selling. However, it trimmed its early gains and dropped to 66.2350 per dollar before ending at 66.18, still showing a gain of 12 paise or 0.18%. The rupee had lost 30 paise or 0.45 per cent in previous two days.


DAILY REPORT

20th

NOV. 2015


Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

19/11/15 NCDEX DHANIYA DEC. BUY 10650 1069010770 10600 BOOKED FULL PROFIT

19/11/15 NCDEX DHANIYA DEC. SELL 10500 10460-10380 10550 SL TRIGGERED

19/11/15 NCDEX GUARGUM DEC. BUY 7520 7570-7640 7460 NOT EXECUTED

19/11/15 NCDEX GUARGUM DEC. SELL 7390 7340-7270 7450 NOT EXECUTED

19/11/15 MCX GOLD DEC. BUY 25100 25180-25380 25010 BOOKED FULL PROFIT

19/11/15 MCX GOLD DEC. SELL 24950 24870-24770 25140 NOT EXECUTED

19/11/15 MCX SILVER DEC. BUY 33630 33830-34130 33330 BOOKED FULL PROFIT

19/11/15 MCX SILVER DEC. SELL 33300 33100-32800 33600 NOT EXECUTED

19/11/15 USD/INR NOV. BUY 66.42 66.55-66.70 66.22 NOT EXECUTED

19/11/15 USD/INR NOV. SELL 66.30 66.17-66.02 66.50 BOOKED PROFIT

19/11/15 EUR/INR NOV. BUY 71.05 71.20-71.40 70.85 NOT EXECUTED

19/11/15 EUR/INR NOV. SELL 70.80 70.65-70.45 71.00 NO PROFIT NO LOSS

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

19/11/15 NIFTY FUTURE SELL 7800 7710-7600 7890 CALL OPEN

19/11/15 MARICO FUTURE BUY 426 430-435 420 SL TRIGGERED

19/11/15 BANKINDIA FUTURE SELL 125.50 123-120 128 NOT EXECUTED

19/11/15 DHAMPUR SUGAR CASH BUY 72 74-78 70 SL TRIGGERED


DAILY REPORT

20th

NOV. 2015


NEXT WEEK'S U.S. ECONOMIC REPORTS

ECONOMIC CALENDAR

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Disclaimer

TIME REPORT PERIOD ACTUAL CONSENSUS

FORECAST PREVIOUS

MONDAY, NOV. 16

8:30 AM EMPIRE STATE INDEX NOV. -6.5 -11.4

TUESDAY, NOV. 17

8:30 AM CONSUMER PRICE INDEX OCT. 0.2% -0.2%

8:30 AM CORE CPI OCT. 0.2% 0.2%

9:15 AM INDUSTRIAL PRODUCTION OCT. -0.1% -0.2%

9:15 AM CAPACITY UTILIZATION OCT. 77.5% 77.5%

10 AM HOME BUILDERS' INDEX NOV. 64 64

WEDNESDAY, NOV. 18

8:30 AM HOUSING STARTS OCT. 1.15 MLN 1.21 MLN

2 PM FOMC MINUTES

THURSDAY, NOV. 19

8:30 AM WEEKLY JOBLESS CLAIMS NOV. 14 270,000 276,000

10 AM PHILLY FED NOV. 0.0 -4.5

10 AM LEADING INDICATORS OCT. -- -0.2%

FRIDAY, NOV. 20

NONE SCHEDULED


epic research special report of 20 nov 2015

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