epic research special report of 25 aug 2015
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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
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.
DAILY REPORT
25th
AUG. 2015
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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
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.
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
DAILY REPORT
25th
AUG. 2015
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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.
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
DAILY REPORT
25th
AUG. 2015
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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