epic research special report of 25 aug 2015

8
DAILY REPORT 25 th AUG. 2015 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Investors rattled about China sent US stock indices almost 4 -percent lower on Monday in an unusually volatile session that confirmed the S&P 500 was formally in a correction, even after a dramatic rebound by Apple. The Dow Jones industrial average briefly slumped more than 1,000 points, its most dramatic intraday trading range ever. Monday's drop followed an 8.5% slump in Chinese markets, which sparked a selloff in global stocks along with oil and other commodities. Wall Street had stayed in s narrow range for much of 2015, but volatility jumped this month as investors became increasingly concerned about a potential stumble in China's economy and after Beijing surprisingly devalued its currency. Asian stocks looked vulnerable to another sell-off on Tues- day, with investors gripped by fears of a hard landing for the Chinese economy, the world's most important growth engine. Japan's Nikkei index fell 3.8 percent to six-month lows while the MSCI's broadest index of Asia-Pacific shares outside Japan hit fresh three-year lows. MSCI's all country world index fell 3.8 percent on Monday to a 10 1/2-month low, its biggest fall in almost four years. It has lost 9.2 per- cent over five days. Previous day Roundup The market saw the biggest single day fall in 2015. The Sen- sex crashed 1,624.51 points or 5.94 % to 25741.56. The Nifty managed to hold 7800 level after hitting day's low of 7769.40. The index fell 490.95 points or 5.92 % to 7809. The market breadth was pathetic as about 2477 shares de- clined against 318 shares advanced on BSE Today's carnage wiped out more than Rs 7 lakh crore market capitalization. Banks, metals, oil and capital goods stocks crumbled today. Vedanta, GAIL, Tata Steel, ONGC, Reliance Industries and Cairn were the biggest losers, down 9-15 %. However, only NMDC closed in green on Nifty 50. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 825.56pts], Capital Goods [down 1231.89pts], PSU [down 563.34pts], FMCG [down 363.91pts], Realty [down 142.12pts], Power [down 157.59pts], Auto [down 1351.5Pts], Healthcare [down 1245.58Pts], IT [down 578.25pts], Metals [down 53164pts], TECK [down 330.22pts], Oil& Gas [down 842.10pts]. World Indices Index Value % Change D J l 15871.35 -3.57 S&P 500 1893.21 -3.94 NASDAQ 4526.25 -3.82 FTSE 100 5898.87 -4.67 Nikkei 225 18744.90 +1.10 Hong Kong 21806.70 +2.61 Top Gainers Company CMP Change % Chg - - Top Losers Company CMP Change % Chg VEDL 80.55 14.05 -14.85 GAIL 267.25 44.10 -14.16 TATASTEEL 204.45 32.80 -13.83 CAIRN 123.00 18.70 -13.20 PNB 141.25 18.10 -11.36 Stocks at 52 Week’s HIGH Symbol Prev. Close Change %Chg - - Indian Indices Company CMP Change % Chg NIFTY 7809.00 -490.95 -5.92 SENSEX 25741.56 -1624.51 -5.94 Stocks at 52 Week’s LOW Symbol Prev. Close Change %Chg ALBK 80.85 -7.20 -8.18 AMTEKAUTO 48.55 -15.80 -24.55 BIOCON 412.00 -52.05 -11.22 CAIRN 123.00 -18.70 -13.20 CESC 501.25 -54.30 -9.77 DLF 94.75 -19.20 -16.85 HDIL 58.75 -13.70 -18.91 HINDALCO 79.00 -7.00 -8.14 ICICIBANK 269.10 -27.40 -9.24 IDBI 56.25 -10.85 -16.17 IDFC 131.00 -8.95 -6.40

Upload: epic-research-private-limited

Post on 10-Apr-2016

10 views

Category:

Documents


0 download

DESCRIPTION

Epic Research Private Limited is the Service Excellence Award Winner Financial Advisory Firm, known for the best consultation services regarding Capital Stock Market of India and other global markets.

TRANSCRIPT

Page 1: Epic Research Special Report of 25 Aug 2015

DAILY REPORT

25th

AUG. 2015

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance

Investors rattled about China sent US stock indices almost 4

-percent lower on Monday in an unusually volatile session

that confirmed the S&P 500 was formally in a correction,

even after a dramatic rebound by Apple. The Dow Jones

industrial average briefly slumped more than 1,000 points,

its most dramatic intraday trading range ever. Monday's

drop followed an 8.5% slump in Chinese markets, which

sparked a selloff in global stocks along with oil and other

commodities. Wall Street had stayed in s narrow range for

much of 2015, but volatility jumped this month as investors

became increasingly concerned about a potential stumble

in China's economy and after Beijing surprisingly devalued

its currency.

Asian stocks looked vulnerable to another sell-off on Tues-

day, with investors gripped by fears of a hard landing for

the Chinese economy, the world's most important growth

engine. Japan's Nikkei index fell 3.8 percent to six-month

lows while the MSCI's broadest index of Asia-Pacific shares

outside Japan hit fresh three-year lows. MSCI's all country

world index fell 3.8 percent on Monday to a 10 1/2-month

low, its biggest fall in almost four years. It has lost 9.2 per-

cent over five days.

Previous day Roundup

The market saw the biggest single day fall in 2015. The Sen-

sex crashed 1,624.51 points or 5.94 % to 25741.56. The

Nifty managed to hold 7800 level after hitting day's low of

7769.40. The index fell 490.95 points or 5.92 % to 7809.

The market breadth was pathetic as about 2477 shares de-

clined against 318 shares advanced on BSE Today's carnage

wiped out more than Rs 7 lakh crore market capitalization.

Banks, metals, oil and capital goods stocks crumbled today.

Vedanta, GAIL, Tata Steel, ONGC, Reliance Industries and

Cairn were the biggest losers, down 9-15 %. However, only

NMDC closed in green on Nifty 50.

Index stats

The Market was very volatile in last session. The sartorial

indices performed as follow; Consumer Durables [down

825.56pts], Capital Goods [down 1231.89pts], PSU [down

563.34pts], FMCG [down 363.91pts], Realty [down

142.12pts], Power [down 157.59pts], Auto [down

1351.5Pts], Healthcare [down 1245.58Pts], IT [down

578.25pts], Metals [down 53164pts], TECK [down

330.22pts], Oil& Gas [down 842.10pts].

World Indices

Index Value % Change

D J l 15871.35 -3.57

S&P 500 1893.21 -3.94

NASDAQ 4526.25 -3.82

FTSE 100 5898.87 -4.67

Nikkei 225 18744.90 +1.10

Hong Kong 21806.70 +2.61

Top Gainers

Company CMP Change % Chg

- -

Top Losers

Company CMP Change % Chg

VEDL 80.55 14.05 -14.85

GAIL 267.25 44.10 -14.16

TATASTEEL 204.45 32.80 -13.83

CAIRN 123.00 18.70 -13.20

PNB 141.25 18.10 -11.36

Stocks at 52 Week’s HIGH

Symbol Prev. Close Change %Chg

- -

Indian Indices

Company CMP Change % Chg

NIFTY 7809.00 -490.95 -5.92

SENSEX 25741.56 -1624.51 -5.94

Stocks at 52 Week’s LOW

Symbol Prev. Close Change %Chg

ALBK 80.85 -7.20 -8.18

AMTEKAUTO 48.55 -15.80 -24.55

BIOCON 412.00 -52.05 -11.22

CAIRN 123.00 -18.70 -13.20

CESC 501.25 -54.30 -9.77

DLF 94.75 -19.20 -16.85

HDIL 58.75 -13.70 -18.91

HINDALCO 79.00 -7.00 -8.14

ICICIBANK 269.10 -27.40 -9.24

IDBI 56.25 -10.85 -16.17

IDFC 131.00 -8.95 -6.40

Page 2: Epic Research Special Report of 25 Aug 2015

DAILY REPORT

25th

AUG. 2015

YOUR MINTVISORY Call us at +91-731-6642300

STOCK RECOMMENDATION [CASH]

1. ITC (CASH)

ITC finished around 3% loss on EOD chart it got support from 55DMA of 315 while today it made low of 315.60 at last it finished with doji candle 320.20 so we advise to buy it around 317-318 use stop loss of 314 for target of 321-324-327

MACRO NEWS

Centre allocates Rs 4,185 crore for rail infrastructure in UP

Adani Group to invest $3.75 billion in coal gasification project

Godrej to tap rural markets for household insecticides

India Ratings & Research says draft norms for UMPPs to renew investors’ interest in the projects

India has potential to achieve 100 GW solar target: Bosch Ltd

Power plants with fuel supply agreement and mines eli-gible for coal e-auction

Coal India to invest Rs 5,900 crore, clears 3 projects of 40 mn tonnes capacity

Global steel output declines 3.8% in July

India to raise $1.4 billion from Indian Oil stake sale

Glenmark launches low price Gliptin for diabetes pa-tients

Bhushan Steel eyes Monnet Ispat’s stake in Orissa Sponge

SC asks HC to take call on DLF Park Place’s residents’ plea

Vedanta raises `2000 cr from SBI through NCDs

FRL raises `205 cr via NCDs on private placement basis

STOCK RECOMMENDATIONS [FUTURE] 1. KSCL [FUTURE]

KSCL Future finished also made new life time low of deriva-tive and it finished around 10%, since it is consolidating around 420 from last three trading session and momentum indicator also showing range bound move in upcoming ses-sion so we advise to sell it below 416 for target of 412-407-400 with strict stop loss of 421.50.

2. ACC [FUTURE]

Due to global sentiment domestic market tested biggest in-traday correction of 2015, in that ACC Future finished around 3% loss– it made low of 1312.30 then whole day it maintain important support of 1350 at last it closed at 1360 with long hammer candle while RSI & Stochastic both main-taining 50 level so we advise to buy it around 1347-1352 for target of 1365-1380+ use SL of 1330.

Page 3: Epic Research Special Report of 25 Aug 2015

DAILY REPORT

25th

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 PE 7,900 168.35 14,19,535 26,96,750

NIFTY PE 7,800 125.00 13,58,733 29,38,250

BANKNIFTY PE 17,000 450.00 88,822 3,34,625

SBIN PE 250 10.00 6,974 8,40,000

INFY PE 1,100 19.15 6,478 5,00,250

ICICIBANK PE 270 7.55 4,267 4,84,000

LT PE 1,650 45.00 4,003 74,000

DLF PE 100 6.85 3,870 15,04,000

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 8,100 19.00 15,80,769 31,27,175

NIFTY CE 8,000 35.10 13,07,486 30,23,850

BANKNIFTY CE 17,500 62.75 1,14,893 4,09,025

SBIN CE 260 1.60 10,377 18,93,000

RELIANCE CE 900 2.40 8,213 4,48,250

LT CE 1,700 5.10 5,165 94,750

INFY CE 1,150 4.00 5,090 3,86,000

ICICIBANK CE 290 1.10 4,870 10,96,000

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 417831 8787.90 433376 9199.55 886260 18749.43 -411.65

INDEX OPTIONS 2036255 45216.71 2063245 45850.48 3403612 81979.81 -633.77

STOCK FUTURES 495806 12617.06 440108 11402.65 2032549 49420.71 1214.41

STOCK OPTIONS 183077 4855.76 188074 5025.19 164020 3976.75 -169.43

TOTAL -1214.41

STOCKS IN NEWS Indian Oil says fire-hit CDU at Koyali plant shut Commercial banks led by SBI may loan Rs 7,550-crore

to JSW Energy GAIL in talks with Iran to revive decade-old $22 billion

LNG deal ONGC Videsh shortlisted for Mexican oil bid round JSPL may bid for ore mines in Odisha Jain Irrigation eyes double digit growth in FY16 NIFTY FUTURE NIFTY Future collapsed pathetically almost 500 points.

China worries dragged down the markets globally. The sell off and technical chart shows the Nifty may remain bearish for tomorrow’s session. So we advise you to sell Nifty around 7870 for targets of 7790 and 7700 with strict stop loss around 8000

INDICES R2 R1 PIVOT S1 S2

NIFTY 8,170.07 7,989.53 7,879.47 7,698.93 7,588.87

BANK NIFTY 17,704.80 17,258.30 17,000.00 16,553.00 16,294.20

Page 4: Epic Research Special Report of 25 Aug 2015

DAILY REPORT

25th

AUG. 2015

YOUR MINTVISORY Call us at +91-731-6642300

RECOMMENDATIONS

GOLD

TRADING STRATEGY:

BUY GOLD OCT ABOVE 27600 TGTS 27680,27770 SL BE-

LOW 27500

SELL GOLD OCT BELOW 27300 TGTS 27220,27130 SL

ABOVE 27400

SILVER

TRADING STRATEGY:

BUY SILVER SEP ABOVE 35600 TGTS 35800,36100 SL BE-

LOW 35300

SELL SILVER SEP BELOW 35200 TGTS 35000,34700 SL

ABOVE 35500

COMMODITY ROUNDUP

Gold erased initial losses in early European trade after a sell

-off in global equity markets on Monday, as funds sought

refuge in bullion. Opening lower, gold recovered fully to

trade at $1,160.7 an oz in early afternoon London trade.

The rapid turnaround in gold as a consequence of fund di-

version.

Intimidated by global selling pressure on commodities Cop-

per opened sharply lower. The gap down opening even saw

copper dragging to Rs 328.40 per kg. COMEX Copper prices

are already at six year lows. Indian Copper prices for August

expiry were last seen trading at Rs 328.9 per kg, down

2.62%. COMEX Copper was last seen trading at $ 2.22 per

pound, down 7 cents. The long positions of Merchants were

35685 on 18 August 2015 against 39501 on 11 August 2015,

down 3816, while short positions increased by 424 to 44919

on 18 August 2015 against 44495 on 11 August 2015. Over-

all the net positions in case of merchants are favoring shorts

by 9234. CoT showed that the long positions of Money

Managers increased by 388. The total long position of Cop-

per for the one week period ending 18 August 2015 was

34655 on 18 August 2015 against 34267 on 11 August 2015.

Money managers short positions of Copper decreased by

4797 to 62169 on 18 August 2015 against 66966 on 11 Au-

gust 2015. The net positions were in favor of short position

holders by 27514.

Futures market traders and large oil speculators trimmed

their overall bullish bets in WTI oil futures last week for a

second straight week, according to the latest COT data re-

leased by the CFTC on Friday. The non-commercial contracts

of crude oil futures, traded by large speculators, traders and

hedge funds, totaled a net position of +210,564 contracts in

the data reported for August 18th. This was a change of -

15,279 contracts from the previous week's total of +225,843

net contracts for the data reported through August 11th.

For the week, the standing non-commercial long positions

in oil futures fell by -5,665 contracts. In the commercial po-

sitions for oil on the week, the commercials reduced their

existing bearish positions for a fourth straight week to a net

total position of -213,829 contracts through August 18th.

This is a weekly change of +18,596 contracts.

Page 5: Epic Research Special Report of 25 Aug 2015

DAILY REPORT

25th

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 10550 TARGET 10520 10470

SL ABOVE 10580

GUARSGUM

BUY GUARGUM OCT ABOVE 8850 TARGET 8900 8970 SL

BELOW 8790

SELL GUARGUM OCT BELOW 8610 TARGET 8560 8490 SL

ABOVE 8670

NCDEX ROUNDUP Amid pick up in domestic demand and restricted supplies from producing regions, cardamom prices rose 1.25% to Rs 795 per kg in futures trade today as speculators created fresh positions. At the MCX, cardamom for delivery in Octo-ber month moved up by Rs 9.80, or 1.25% to Rs 795 per kg in business turnover of 21 lots. Besides pick up in demand in the spot market, fall in supplies from producing belts mainly led to rise in cardamom prices at futures trade. Guargum soared sharply amid thin supplies in local markets and traders expected some damage to the standing guar seed crop amid thin rainfall. NCDEX Guargum futures for October are trading at Rs 8760 per tonne, up nearly 6% on the day. The counter hit highs above Rs3900 per quintal in intraday moves – its highest level in nearly one month. Lack of good quality supplies boosted Chana. Excellent gains were seen in Chana as the benchmark NCDEX futures for Sept hit highs above Rs 4700 per quintal. The counter cur-rently trades at Rs 4690 per quintal, up 0.69% on the day. Maize also soared amid a peak up in spot buying while trad-ers still waited for the arrivals to start from the current kharif season. The NCDEX Maize futures for September are trading at Rs 1377 per quintal, up 2.46% on the day. Jeera dropped today after witnessing massive gains last week as steady arrivals capped upside and technical cues triggered heavy selling. The NCDEX Jeera futures for Sep-tember are trading at Rs 15990 per quintal, down 1.27% on the day after hitting their five week high near Rs 16700 per quintal on Friday.

NCDEX INDICES

Index Value % Change

CAETOR SEED 4050 -0.54

CHANA 4807 +3.20

CORIANDER 10785 +1.21

COTTON SEED 2026 -0.59

GUAR SEED 3915 +5.58

JEERA 15865 -2.04

MUSTARDSEED 4245 -0.91

REF. SOY OIL 566.85 -0.89

TURMERIC 8112 +4.00

WHEAT 1512 -0.46

Page 6: Epic Research Special Report of 25 Aug 2015

DAILY REPORT

25th

AUG. 2015

YOUR MINTVISORY Call us at +91-731-6642300

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 66.5093 Yen-100 54.9700

Euro 76.2729 GBP 104.0072

CURRENCY

USD/INR

BUY USD/INR AUG ABOVE 66.82 TARGET 66.95 67.1 SL BE-

LOW 66.62

SELL USD/INR AUG BELOW 66.64 TARGET 66.51 66.36 SL

ABOVE 66.84

EUR/INR

BUY EUR/INR AUG ABOVE 76.8 TARGET 76.95 77.15 SL BE-

LOW 76.6

SELL EUR/INR AUG BELOW 76.3 TARGET 76.15 75.95 SL

ABOVE 76.5

CURRENCY MARKET UPDATES:

In line with crash in equities, the rupee tumbled sharply by

82 paise — its biggest single day fall this year — to settle at

66.65 against the US dollar as global meltdown fears re-

mained unabated. The widespread panic sell-off in Chinese

equities predominantly tipped emerging market currencies

into turmoil even as the US dollar weakened overseas.

A sudden gust of dollar demand from importers and state-

run banks in the face of sustained capital outflows amid

mounting risks of a hike in US interest rates pressurized the

domestic currency to hit fresh two-year low. The local cur-

rency resumed sharply lower at 66.47 against last Friday’s

closing level of 65.83 at the Interbank Foreign Exchange

(Forex) market on the back of heavy dollar demand.

Reacting to market specific developments, the domestic

unit touched a low of 66.74 in intra-day trade before con-

cluding at 66.65, showing a steep fall of 82 paise, or 1.25

per cent. It touched an intra-day high of 66.29. The local

currency has lost 202 paise, or 3.17 per cent, in last two

weeks after Beijing stunned the world by devaluing the

yuan. The dollar extended losses against other major cur-

rencies.

The US dollar index, which measures the greenback’s

strength against a trade-weighted basket of six major cur-

rencies, was down 1.12 per cent at 93.78, the lowest level

since June 22. Emerging markets and oil-linked currencies

too fell to multi-year lows on concerns over the outlook for

global growth against the backdrop of China’s shocking

devaluation of the yuan last week.

The rupee slumped against the pound sterling to end at 104.78 from last Friday’s close of 103.22 and plunged against the euro to finish at 76.64 from 74.24. It also plum-meted sharply against the Japanese currency to 55.62 per 100 yen as compared to 53.64 previously.

Page 7: Epic Research Special Report of 25 Aug 2015

DAILY REPORT

25th

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

24/08/15 NCDEX DHANIYA SEPT. BUY 10860 10890-10940 10830 NOT EXECUTED

24/08/15 NCDEX DHANIYA SEPT. SELL 10580 10550-10500 10610 SL TRIGGERED

24/08/15 NCDEX GUARGUM OCT. BUY 8310 8360-8430 8210 NOT EXECUTED

24/08/15 NCDEX GUARGUM OCT. SELL 8150 8100-8030 8210 NOT EXECUTED

24/08/15 MCX GOLD OCT. BUY 27300 27380-27470 27200 BOOKED FULL PROFIT

24/08/15 MCX GOLD OCT. SELL 27100 27020-26930 27200 NOT EXECUTED

24/08/15 MCX SILVER SEPT. BUY 36200 36400-36700 35900 NOT EXECUTED

24/08/15 MCX SILVER SEPT. SELL 35900 35700-35400 36200 BOOKED FULL PROFIT

24/08/15 USD/INR AUG. BUY 66.00 66.13-66.28 65.80 NOT EXECUTED

24/08/15 USD/INR AUG. SELL 65.85 65.72-65.57 66.05 NOT EXECUTED

24/08/15 EUR/INR AUG. BUY 74.47 74.62-74.82 74.27 NOT EXECUTED

24/08/15 EUR/INR AUG. SELL 74.15 74.3-73.80 74.35 NOT EXECUTED

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

24/08/15 NIFTY FUTURE SELL 8350-8370 8250-8100 8480 NOT EXECUTED

24/08/15 SIEMENS FUTURE SELL 1405-1410 1393-1380 1425 NOT EXECUTED

24/08/15 YESBANK FUTURE SELL 682 672-650 695 NOT EXECUTED

24/08/15 JBFIND CASH BUY 250 254-258 246 NOT EXECUTED

Page 8: Epic Research Special Report of 25 Aug 2015

DAILY REPORT

25th

AUG. 2015

YOUR MINTVISORY Call us at +91-731-6642300

NEXT WEEK'S U.S. ECONOMIC REPORTS

ECONOMIC CALENDAR

The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any

responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere ef-

forts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources

that we consider reliable. This material is for personal information and based upon it & takes no responsibility. The information given

herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made invest-

ment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages in-

vestors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the infor-

mation given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projections shown are not nec-

essarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without no-

tice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone

who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either

the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this dis-

claimer. All Rights Reserved. Investment in equity & bullion market has its own risks. We, however, do not vouch for the accuracy or the

completeness thereof. We are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the

recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients

(Paid or Unpaid), any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Pro-

vided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.

Disclaimer

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