epic research special report of 20 oct 2015

DAILY REPORT

20th

OCT. 2015

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance

Advances in top tech and biotech names helped US stocks to end with slight gains on Monday, while caution at the start of a heavy week of earnings kept a lid on the market. The Dow and S&P 500 pared losses late in the session while the Nasdaq added to gains. Nike, up 2.1%, helped the Dow, while gains in Apple and Intel supported all three major indexes. During the regular session, the Nasdaq Biotech Index was up 0.6 %. The energy index fell 1.9 % as US crude oil fell 2.9 %.

DJI average rose 14.57pts, or 0.08 %, to 17,230.54, the S&P 500 gained 0.55pts, or 0.03 %, to 2,033.66 and Nasdaq added 18.78 points, or 0.38 %, to 4,905.47. US stocks posted their third straight week of gains on Friday. The S&P 500 posted 22 new 52-week highs and 3 new lows; Nasdaq recorded 53 new highs and 40 new lows. About 6bn shares changed hands on US exchanges, compared with the 7.3bn daily average for the past 20 trading days

Asian equities fell across the board on Tuesday after com-modity prices languished in wake of China growth woes and dampened risk sentiment. MSCI's broadest index of Asia-Pacific shares outside Japan shed 0.4%. Shanghai shares dropped 0.4% and South Korea's Kospi dipped 0.1%. Nikkei bucked the trend and gained 0.3%. Australian stocks lost 0.4% as worries about China weighed on mining and energy stocks following Monday's China GDP data.

Previous day Roundup

The market started off week on a positive note with Sensex rising more than 150pts. The rally was mainly led by index heavyweights Reliance Industries and Infosys along with Bharti, FMCG and pharma stocks. However, fall in metals and banking stocks capped upside. The Sensex rallied 150.32 points to 27364.92 and the Nifty rose 36.90 points to 8275.05. The broader markets marginally outperformed benchmarks with BSE Midcap and Smallcap indices gaining 0.7% and 0.8%, respectively. The market has gradually been rising for last couple of weeks, which may take Nifty towards 8400, the immediate resistance.

Index stats

The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 43.19pts], Capital Goods [down 146.88pts], PSU [down 16.87pts], FMCG [up 66.02Pts], Realty [up 36.56pts], Power [down 4.82pts], Auto [down 66.07Pts], Healthcare [up 228.34Pts], IT [up 21.68pts], Metals [down 42.33pts], TECK [up 81.93pts], Oil& Gas [up 100.17pts].

World Indices

Index Value % Change

D J l 17230.54 +0.08

S&P 500 2033.66 +0.03

NASDAQ 4905.47 +0.38

FTSE 100 6352.33 -0.40

Nikkei 225 18182.59 +0.28

Hong Kong 22944.11 -0.57

Top Gainers

Company CMP Change % Chg

RELIANCE 962.30 50.15 5.50

BHARTIARTL 363.10 13.45 3.85

HCLTECH 859.00 17.85 2.12

HINDUNILVR 794.00 15.85 2.04

INFY 1,114.70 19.80 1.81

Top Losers


ONGC 258.00 6.10 -2.31

TATASTEEL 247.85 5.05 -2.00

TATAMOTORS 378.85 7.35 -1.90

ULTRACEMCO 2,900.25 54.40 -1.84

ADANIPORTS 317.85 5.85 -1.81

Stocks at 52 Week’s HIGH

Symbol Prev. Close Change %Chg

CADILAHC 433.50 15.00 3.58

DHAMPURSUG 54.10 -1.40 -2.52

DRREDDY 4,333.10 68.15 1.60

ESCORTS 181.20 11.15 6.56

KAJARIACER 893.00 14.25 1.62

RUSHIL 251.00 20.85 9.06

ZEEL 429.25 5.80 1.37

Indian Indices


NIFTY 8275.05 +36.90 +0.45

SENSEX 27364.92 +150.32 +0.55

Stocks at 52 Week’s LOW

Symbol Prev. Close Change %Chg

IDFC 60.00 -0.20 -0.33

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DAILY REPORT

20th

OCT. 2015


STOCK RECOMMENDATION [CASH] 3. LAMBODHARA [CASH]

LAMBODHARA continuously facing selling pressure at last session maximum time it traded near to days low while last week it made low of 339 so we advise to sell it below 339 for target of 335-330-325 use stop loss at 345 MACRO NEWS Results Today: ACC, Hero Motocorp, Biocon, Syngene

International, MphasiS, Bajaj Finance, Bajaj Finserv, Con-tainer Corporation, BayerCrop, Federal Bank, Adani Transmission, Can Fin Homes, Dewan Housing, Everest Industries, GM Breweries, BASF India, International Pa-per APPM, Jyothy Laboratories, Kajaria Ceramics, Ortel Communications, Rane, Sanofi India, State Bank of Bi-kaner and Jaipur, Welspun India, Zee Media Corporation, Zensar Technologies, Adani Transmission

S&P's Ratings Services affirmed its 'BBB-' longterm and 'A-3' short-term sovereign credit ratings on India

ATC to acquire 51% in Viom Networks in Rs 20k cr deal: RBI's Rajan urges IMF to act against 'extreme' policies Indian media industry may grow over 3-fold in next 10yrs BSE Revises Circuit Filter In 13 Stocks w.e.f October 20 Govt Raises Basic Customs Duty On Wheat From 10% To

25% RBI Signs MoU On ‘Supervisory Cooperation & Exchange

Of Supervisory Info’ With Central Bank Of UAE DoT May Conduct Special Audit Of Telcos From 2008 On-

wards LIC Housing to further trim bank borrowings to 11-12 per

cent: CEO Electronics import may rise to $40 billion in FY16 due to

smartphone-led surge GAIL will deploy drones to guard gas pipelines to raise

safety standards

STOCK RECOMMENDATIONS [FUTURE] 1. ZEEL [FUTURE]

ZEEL FUTURE again made new life time high of 432.40 and on EOD chart it finished, according to trend line we can see level up to 845 in current bull run so we advise to buy it above 432.50 use stop loss of 425 for target of 438 445 455.

2. HCLTECH [FUTURE]

HCLTECH FUTURE announced Q2 number where they put growth but number is weak as expected despite of that it maintain bottom level 811 and finished at 854 with gain of 1.77% while in last week it return from 857 so we advise to buy it above 858 for target of 860-875-890 use stop loss of 836.


DAILY REPORT

20th

OCT. 2015


FUTURE & OPTION

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 8,300 61.40 6,16,138 57,83,575

NIFTY CE 8,200 118.45 3,49,381 48,01,825

BANKNIFTY CE 18,000 200.00 62,141 5,81,275

RELIANCE CE 960 16.70 20,110 8,77,250

RELIANCE CE 980 8.90 10,837 5,87,250

IFCI CE 30 1.10 6,264 65,44,000

HCLTECH CE 840 26.00 6,113 2,74,250

HCLTECH CE 860 16.00 5,161 3,76,250

MOST ACTIVE PUT OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 8,200 47.55 5,71,190 44,53,975

NIFTY PE 8,100 25.85 3,96,551 43,52,550

BANKNIFTY PE 17,500 129.15 46,900 4,50,475

RELIANCE PE 900 2.00 12,783 9,24,750

RELIANCE PE 940 6.80 8,481 6,87,000

TATAMOTOR PE 820 7.00 3,234 2,30,750

HCLTECH PE 380 10.75 2,722 9,49,000

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 36874 1043.9 62104 1446.79 994067 25057.4 -402.889

INDEX OPTIONS 317458 8375.8 294739 7896.33 2384588 75914.5 479.4695

STOCK FUTURES 101011 2826.62 89711 2588.7 1801492 48950 237.9243

STOCK OPTIONS 75582 1927.54 74499 1890.52 129118 3515.71 37.022

TOTAL 479.46

STOCKS IN NEWS SKS Micro Q2 net rises 37% to Rs 78 crore Rel Power’s abandoned Tilaiya UMPP may be auc-

tioned afresh Nestle’s advertising volumes to double as co readies

for re-launch of noodles Apollo Health (subsidiary of Apollo Hospitals) hires

Spark Cap to manage 25% stake sale Tata Communications to recalibrate investments to

improve product and solutions L&T dispatches first consignment of ITER cryostat NIFTY FUTURE

In yesterday trading session Nifty stayed steady to bullish and rose gradually in last hour to keep the trend upside for the next session. So we advise you to buy Nifty Fu-ture around 8240 for the targets of 8340 and 8450 with strict stop loss of 8090.

INDICES R2 R1 PIVOT S1 S2

NIFTY 8,311.00 8,293.00 8,226.00 8,248.00 8,221.00

BANK NIFTY 18,014.00 17,934.00 17,876.00 17,796.00 17,738.00


DAILY REPORT

20th

OCT. 2015


RECOMMENDATIONS

GOLD

TRADING STRATEGY:

BUY GOLD OCT ABOVE 27100 TGTS 27180,27270 SL BE-

LOW 26900

SELL GOLD OCT BELOW 26900 TGTS 26820,26730 SL

ABOVE 27100

SILVER

TRADING STRATEGY:

BUY SILVER DEC ABOVE 37100 TGTS 37300,37600 SL BE-

LOW 37800

SELL SILVER DEC BELOW 36800 TGTS 36600,36300 SL

ABOVE 37100

COMMODITY ROUNDUP MCX Gold futures slipped under Rs 27000 per 10 grams mark before recovering as the global prices moderated amid profit selling after recent surge. Stocks stayed mixed as investors eyed the China economic data. Recent gains also capped buying in major indices. Gold soared to highest levels in nearly four months last week following a break above the100 day EMA amid excellent spot market demand and rising global commodity prices. COMEX Gold futures are trading at $1176 per ounce, down 0.60% on the day. MCX Gold futures are trading at Rs 27039 per 10 grams, down 0.415 on the day after testing a low of Rs 26925 ear-lier. The yellow metal witnessed good buying with the re-cent upside convincing traders that major bottom has been carved out in Gold. Idea that the US Fed is likely to go easy on the proposed rate hike is benefitting gold immensely. The Chief of the Federal Reserve Bank of New York said that a Federal Reserve rate hike remain likely this year but the final decision would continue to be based on how the econ-omy continues to perform and would remain data depend-ent. Gold speculator and large futures traders sharply in-creased their gold bullish positions higher last week for a fourth straight week Deceleration in China's economic growth as President focus from investment to consumption-led growth to avoid any hard landing for the world's second largest economy has meant the cycle of capacity, production and demand for the world steel industry has come to an end. Indian steel de-mand in 2015 is to rise to 81.5 mt from 75.9 mt in 2014. WSA says its use will further improve by 7.6% to 87.6 mt next year. Hopefully, the three-year high of 6.4 per cent rise in industrial growth in August, supported by good showing in manufacturing, mining and electricity, will be sustained to generate good demand for steel in the months ahead. WTI Crude oil futures dropped today amid broad demand worries and soft Chinese economic growth data. Equities were mixed with a bearish tinge and WTI futures fell through $47 per barrel mark to pare nearly two % in intra-day moves. The counter is currently trading at $46.42 per barrel, down 1.80% on the day. MCX Crude oil futures are trading at Rs 3011per barrel, down 1.44% on the day. The latest sell off is threatening to drag oil towards its two week low yet again. Indian Copper futures were down 0.72% at Rs 344 per kg. The prices tested a low of Rs 343.80 per kg and a high of Rs 345.90 per kg.


DAILY REPORT

20th

OCT. 2015


NCDEX

NCDEX ROUNDUP Chana prices hit the lower circuit on NCDEX on hurried sell-ing by traders following the central government’s decision on a stock limit for pulses held by big importers and retail-ers. All contracts of chana slumped by four per cent or about Rs 200 a quintal in early Monday trade. i.e. chana for delivery in Nov fell by Rs 212 to Rs 5,092 a quintal. A similar trend was seen in spot market, as well as with tur in the benchmark Latur (Maharashtra) wholesale market, which fell by 14% or Rs 20 to Rs 115 a kg. The impact on urad (black gram) and tur dal was not that much; their prices fell by Rs 10 and Rs 1 to Rs 115 a kg and Rs 50 a kg, respectively. Mustardseed prices were down by Rs 88 to Rs 4,920 per quintal in future trading after traders trimmed positions, taking weak cues from spot market. NCDEX mustardseed for delivery in Nov contract fell Rs 88, or 1.76% to Rs 4,920 per quintal, with an OI of 59,300 lots. Mustardseed for delivery in current month lost Rs 57, or 1.16% to Rs 4,851 per quin-tal, having an OI of 570 lots. Apart from pickup in arrivals from growing regions, slackened demand from oil mills and vanaspati units at higher levels in physical markets mainly led to the fall in mustardseed prices at futures trading. Refined soya oil prices were down 0.87 per cent to Rs 620.90 per 10 kg in futures trade after participants reduced their exposure amid fall in demand in the spot market against adequate stocks. At NCDEX, refined soya oil for de-livery in Nov month fell by Rs 5.45, or 0.87% to Rs 620.90 per 10 kg with an OI of 75,330 lots. The October contract shed Rs 1.25, or 0.20% to Rs 633.50 per 10 kg in 5,865 lots. Besides fall in demand in the spot market, adequate stocks position on higher supplies from growing regions mainly pulled down refined soya oil prices at futures trade.

NCDEX INDICES

Index Value % Change

CAETOR SEED 4030 +1.38

CHANA 5005 -3.97

CORIANDER 11750 -0.44

COTTON SEED 1702 +1.79

GUAR SEED 1800 -2.55

JEERA 4785 -2.05

MUSTARDSEED 4785 -2.51

REF. SOY OIL 631.85 -0.46

TURMERIC 2780 -0.04

WHEAT 6150 +2.57

RECOMMENDATIONS

DHANIYA

BUY CORIANDER NOV ABOVE 12133 TARGET 12161 12241

SL BELOW 12106

SELL CORIANDER NOV BELOW 11925 TARGET 11897 11817

SL ABOVE 11952

GUARSGUM

BUY GUARGUM NOV ABOVE 8280 TARGET 8330 8400 SL

BELOW 8220

SELL GUARGUM NOV BELOW 8170 TARGET 8120 8050 SL

ABOVE 8230


DAILY REPORT

20th

OCT. 2015


RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 64.8178 Yen-100 54.3600

Euro 73.7497 GBP 100.1176

CURRENCY

USD/INR

BUY USD/INR OCT ABOVE 64.94 TARGET 65.07 65.22 SL BE-

LOW 64.74

SELL USD/INR OCT BELOW 64.8 TARGET 64.67 64.52 SL

ABOVE 65

EUR/INR

BUY EUR/INR OCT ABOVE 73.6 TARGET 73.75 73.95 SL BE-

LOW 73.4

SELL EUR/INR OCT BELOW 73.2 TARGET 73.05 72.85 SL

ABOVE 73.4

CURRENCY MARKET UPDATES:

The Indian rupee pared its early gains, but was still trading up by 2 paise at 64.79 against the US currency in late-morning deals on bouts of dollar selling by banks and ex-porters. Earlier, the domestic unit opened higher at 64.77 per dollar as against last Friday’s closing level of 64.81 at the Interbank Forex market. Later, it fell on fresh dollar demand by importers to Rs 64.85 before quoting at 64.79 at 1030 hours. The domestic unit is hovering in a range of 64.85 to 64.73 during the morning deals.

The US dollar pared some of its early gains against a basket of currencies in subdued trades on Monday, as sentiment on the greenback was still fragile after the release of mixed U.S. economic reports last week. The dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, was up 0.09% at 94.84. The preliminary reading of the University of Michi-gan's consumer sentiment index came in at 92.1 on Friday, compared to forecasts of 89 and up from 87.2 in Septem-ber. But another report showed that U.S. industrial produc-tion declined 0.2% in September, pressured lower by weakness in the oil and gas sector.

The dollar index is currently trading down by 0.02 per cent at 94.66 as against a basket of six currencies.

The European unit was lower against the dollar, down 0.11% at 1.1333. Meanwhile, demand for the safe-haven yen strengthened after data on Monday showed that China's economic growth slowed to 6.9% in the third quar-ter, down from 7% in the previous quarter. The figure is the country's slowest growth rate since 2009. A separate report showed that Chinese industrial production rose at a year-on-year rate of 5.7% in September, disappointing ex-pectations for a 6.0% gain. The dollar was steady against the yen, with USD/JPY at 119.40. As against the pound, the dollar was lower with GBP/USD gaining 0.30% to 1.5486.

The Canadian dollar, already under pressure from sliding crude oil prices, faced extra headwinds as Canada's Liberal Party, was tipped to won Monday's general election which would pave the way for increased government spending.


DAILY REPORT

20th

OCT. 2015


CALL REPORT

PERFORMANCE UPDATES

Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

16/10/15 NCDEX DHANIYA NOV. BUY 12120 12148-12228 12093 NOT EXECUTED

16/10/15 NCDEX DHANIYA NOV. SELL 11900 11872-11792 11927 NOT EXECUTED

16/10/15 NCDEX GUARGUM NOV. BUY 8500 8550-8620 8440 NOT EXECUTED

16/10/15 NCDEX GUARGUM NOV. SELL 8410 8360-8290 8470 BOOKED FULL PROFIT

16/10/15 MCX GOLD OCT. BUY 27400 27480-27570 27300 NOT EXECUTED

16/10/15 MCX GOLD OCT. SELL 27100 27020-26930 27200 BOOKED FULL PROFIT

16/10/15 MCX SILVER DEC. BUY 37500 37700-38000 37200 NOT EXECUTED

16/10/15 MCX SILVER DEC. SELL 37200 37000-36700 37500 NOT EXECUTED

16/10/15 USD/INR OCT. BUY 64.95 65.08-65.23 64.75 NOT EXECUTED

16/10/15 USD/INR OCT. SELL 64.77 64.64-64.49 64.97 NOT EXECUTED

16/10/15 EUR/INR OCT. BUY 73.81 73.96-74.16 73.61 SL TRIGGERED

16/10/15 EUR/INR OCT. SELL 73.66 73.51-73.31 73.86 BOOKED PROFIT

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

16/10/15 NIFTY FUTURE BUY 8200-8230 8330-8450 8000 NOT EXECUTED

16/10/15 APOLLOHOSP FUTURE SELL 1435 1420-1400 1451 BOOKED PROFIT

16/10/15 ALBK FUTURE BUY 78 79.25-80.75 78 CALL OPEN

16/10/15 SCI CASH SELL 81 80-78.5 83 NOT EXECUTED

16/10/15 NIFTY FUTURE SELL 8250-8300 8150-8000 8400 NO PROFIT NO LOSS

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

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


DAILY REPORT

20th

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 20 oct 2015

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