epic research special report of 27 nov 2015

DAILY REPORT

27th

NOV. 2015

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Global markets at a glance European markets were trading higher on hopes of stimu-lus from ECB. Germany's DAX rallied 1.3%, Britain's FTSE rose 0.5% and France's CAC gained 0.9%. Asian markets ended mixed European shares hit three-month highs on Thursday, rising in thin trade as expecta-tions grew for aggressive ECB action next week. A solid quarterly report from chipmaker Infineon and a rebound in metal prices also provided support. The pan-European FTSEurofirst 300 index closed up 0.9% at 1,516.25 points, its highest level since August. However, volumes were just 65 percent of its 90-day average. Wall Street was closed for the U.S. Thanksgiving holiday ON Thursday. The major US indexes were virtually unchanged at the close of a quiet trading day on Wednesday with gains in healthcare and consumer stocks after data showed US modest economic growth. Asian shares held firm and US stock futures edged higher in early trade on Friday as expectations of additional stimulus from the ECB underpinned appetite for riskier assets, while the euro hovered near seven-month lows. Benchmark share indexes in Japan, South Korea and Australia all rose around 0.2 percent, though the broadest index of Asia-Pacific shares outside of Japan was almost flat due to the dollar's strength. US stock futures ESc1 rose 0.4% to their highest level since Nov. 9 after a market holiday on Thurs-day for Thanksgiving Day. Previous day Roundup The market rebounded after a fall in previous two consecu-tive sessions, closing the Nov F&O expiry above 7850 level on hopes of passage of GST Bill in Winter Session of Parlia-ment. Positive global cues and short covering on expiry day also pushed market higher today but Nov series was disas-trous for the market. Equity benchmarks closed near to their psychological levels (7900 on the Nifty and 26000 on the Sensex). The Sensex was up 182.89pts or 0.71% at 25958.63 and the Nifty rose 52.20pts or 0.67 % to 7883.80. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 127.32pts], Capital Goods [down 33.77pts], PSU [up 59.88pts], FMCG [up 58.70Pts], Realty [up 223.40Pts], Power [up 18.55pts], Auto [up 239.95Pts], Healthcare [down 87.03Pts], IT [up 13.94pts], Metals [up 75.36Pts], TECK [up 37.85pts], Oil& Gas [up 83.40pts].

World Indices

Index Value % Change

D J l 17829 +0.15

S&P 500 2093.50 0.26

NASDAQ 5116.15 0.26

FTSE 100 6374.50 -0.34

Nikkei 225 19894.88 -0.25

Hong Kong 22317.85 -0.76

Top Gainers

Company CMP Change % Chg

TATAMOTORS 422.95 22.00 5.49

SUNPHARMA 736.80 30.60 4.33

IDEA 145.45 5.20 3.71

GAIL 367.00 11.20 3.15

RELIANCE 990.50 22.80 2.36

Top Losers


DRREDDY 3,108.00 279.70 -8.26

TECHM 530.40 7.15 -1.33

TCS 2,348.90 19.05 -0.80

ADANIPORTS 268.20 2.05 -0.76

BAJAJ-AUTO 2,459.30 17.50 -0.71

Stocks at 52 Week’s HIGH

Symbol Prev. Close Change %Chg

BALPHARMA 111.15 18.50 19.97

DECCANCE 686.00 29.30 4.46

KWALITY 114.10 7.55 7.09

MAJESCO 665.00 13.05 2.00

Indian Indices


NIFTY 7883.80 +52.20 +0.67

SENSEX 25958.63 +182.89 +0.71

Stocks at 52 Week’s LOW

Symbol Prev. Close Change %Chg

ABGSHIP 70.50 -3.00 -4.08

BANKINDIA 126.95 2.35 1.89

BHEL 173.30 -0.55 -0.32

SAIL 44.05 0.10 0.23

TCS 2,348.90 -19.05 -0.80

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DAILY REPORT

27th

NOV. 2015


STOCK RECOMMENDATION [CASH] 3. GODFRYPHLP [CASH]

After given breakout above 1025 GODFRYPHLP continu-ously moving up side it test small profit booking around 1350 then it create base at 1150 then again bounce at last session it made new 52 week high of 1443.80 so we advise to buy it above 1444 for target of 1460 1490 1530 use strict stop loss at 1415

MACRO NEWS

China allows 1st foreign institutions into interbank FX mkt

Nippon JV can fetch Rs 125-130cr rev in 1 yr

Hero MotoCorp up 1%; Bain to exit from co via block deal

Lumax Auto up 15% on JV with Italian co for defence space

Commerce & Industry Ministry for cut in import duty on gold

RBI allows foreign investors to buy bonds in default

Japan's core CPI falls, household spending slumps in Oct

GAIL starts satellite monitoring of its gas pipeline net-work

Ashok Leyland Co wins contract for 3600 vehicles worth $200 mln Co wins order from govt of Ivory Coast Con-tract funded by EXIM bank

IOB Loans worth `3000 cr which were under FinMin’s scanner in H1 cleared

TCS Takes 1.8mn sq ft office space on lease for `110 cr in record deal

TBZ Signs Second Franchise Agreement For Its Upcoming Store In Jaipur, Rajasthan

Heineken Buys 415,000 Shares Of United Breweries At `951.5 /Sh

Ultratech closing in on R-Infra’s cement units Concerned units likely to fetch enterprise value of `5000-5500 cr

STOCK RECOMMENDATIONS [FUTURE] 1. ABIRLANUVO [FUTURE]

ABIRLANUVO Future finished below 55DMA but it got sup-port around 2040 & in second half it given smart recovery for that it create bullish candle on EOD chart since it create a small inverted H&S pattern for that we can see breakout 2105 so we advise to buy it in decline around 2060 with strict stop loss of 2020 for target of 2100 2150.

2. TVSMOTOR [FUTURE]

Last session TVSMOTOR FUTURE got support from bottom trend line it cross upper range of 300 but it could not sustain above these level since accumulation is rising & it near to breakout so we advise to buy it around 295 use stop loss of 289 for target of 300 305 310.


DAILY REPORT

27th

NOV. 2015


FUTURE & OPTION

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 7,900 0.05 12,19,364 68,56,200

NIFTY CE 7,950 0.05 2,45,827 40,63,500

BANKNIFTY CE 17,200 0.05 1,55,014 5,57,940

DRREDDY CE 3,200 0.05 9,204 1,96,650

RELIANCE CE 980 7.70 5,718 4,21,000

RCOM CE 75 0.05 5,202 46,48,000

SUNPHARMA CE 740 0.05 4,623 4,89,600

DLF CE 115 0.05 4,447 34,05,000

MOST ACTIVE PUT OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 7,800 0.05 7,93,026 89,05,425

NIFTY PE 7,850 0.05 7,48,944 51,11,100

BANKNIFTY PE 17,000 0.10 2,15,840 9,32,730

DRREDDY PE 3,100 0.10 9,193 1,03,050

MARUTI PE 4,600 0.05 3,550 1,04,375

RELIANCE PE 980 0.05 3,182 5,02,000

SOUTHBANK PE 17 0.05 2,127 4,55,40,000

SBIN PE 240 0.05 2,072 24,94,000

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 63308 3662.89 68944 3970.13 252300 14671.8 -307.248

INDEX OPTIONS 476814 27563.3 452648 26284.8 764793 45001.5 1278.451

STOCK FUTURES 270942 13648.5 284505 14393.8 914058 45605.7 -745.316

STOCK OPTIONS 17678 884.029 16590 828.66 1272 59.8318 55.3691

TOTAL 281.26

STOCKS IN NEWS Coal India Stake Sale: Five Investment Banks Including

ICICI Securities & SBI Capital Hired For Stake Sale Fortis Health To Acquire Religare Health Trust Trustee

Manager For $14.9 m SKS Microfinance & Other Microfinance Companies in

focus: RBI Raises Loan limit for short term MFI loans to 30,000 From 15,000

Welspun Corp Wins Order For Supply Of 216 K MTs Line Pipes In America

NIFTY FUTURE

NIFTY FUTURE finished with gain it maintain positive opening with support of Oil & Telecomm share but around 7900 it faced some profit booking due to expiry so in Dec expiry we may see gap up open but the senti-ment is not too good so we advise to sell it around 7920 use stop loss of 8010 for target of 7850 7750.

INDICES R2 R1 PIVOT S1 S2

NIFTY 7,937.00 7,910.00 7,871.00 7,844.00 7,805.00

BANK NIFTY 17,180.00 17,108.00 17,040.00 16,968.00 16,900.00


DAILY REPORT

27th

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 34100 TGTS 34300,34600 SL BE-

LOW 33800

SELL SILVER DEC BELOW 34000 TGTS 33800,33500 SL

ABOVE 34300

COMMODITY ROUNDUP The prices of MCX Copper gained 2.70% in evening trades as traders lashed onto bargain hunting. Although Copper has managed to capitalize above Rs 305, further pressure from higher levels cannot be ruled out. The prices still look vul-nerable to move towards Rs 295 per kg. Speculators earlier in the month sold the metal with the expectation that US will trickle with its interest rates and that will lead to sinking of money supply for riskier asset classes. Copper has tumbled 26 percent this year as China's faltering expansion curbs demand and with the dollar trading near its highest level since at least 2005, making commodities more expensive for buyers in other currencies. Rio, the world's-second biggest miner, is becoming confident the market could move back into deficit by the end of 2017 or in 2018Global consumption of copper totaled 16.682 million tons in the first nine month of 2015 and the figure in the same time of 2014 was 16.827 million tons. Global output of refined copper totaled 1.94 million tons during January to September and the consumption totaled 1.862 million tons. India's gold imports may hit an all time high of over 1,000 tonnes in 2015 buoyed by sharp fall in global prices, accord-ing to the All India Gems and Jewellery Trade Federation. The world's second-biggest gold consumer had imported around 900 tonnes in 2014. Gold prices in the international market have fallen to a five-year low. However, the falling global prices have not reflected in the domestic market due to rupeeappreciation against the US dollar. According to the federation, India has imported 850 tonnes of gold during January-September period of 2015 as against 650 tonnes in the year-ago period. Base metals are likely to see a sharp uptrend on a possible interest rate hike by the US Federal Reserve in December. Metal prices have declined by up to 42 per cent this year as the economic slowdown in China, the world’s largest con-sumer, has hit consumption. After Glencore announced in October a 500,000 tonne cut in its annual zinc output, prices shot up before stabilising. Alcoa announced a similar cut in its annual output, which cushioned aluminium prices tem-porarily. Nickel has been this year’s biggest loser, with a 42 per cent decline until November 25 to $8,650. Copper, zinc and alu-minium, respectively, posted 29 per cent, 28 per cent and 22 per cent declines in 2015. Weak Chinese economic data along with a strong dollar resulted in multi-year lows for base metals last week.


DAILY REPORT

27th

NOV. 2015


NCDEX

NCDEX ROUNDUP Cardamom prices rose by 0.93% to Rs 757 per kg in futures trading today as speculators engaged in enlarging their bets tracking a firm trend at spot market on rising demand. Be-sides, tight stock position on restricted supplies from pro-ducing regions and some exports enquiries supported the upside. At MCX cardamom for delivery in far-month January advanced Rs 7, or 0.93%, to Rs 757 per kg in a business turn-over of 12 lots. On similar lines, the spice for delivery in De-cember traded higher by Rs 6.10, or 0.86%, to Rs 717 per kg in 35 lots. That apart from a firm trend at spot market on surging demand, restricted supplies from producing belts mainly kept cardamom prices higher in futures trade. Sugar prices were up 0.15% to Rs 2,685 per quintal in fu-tures trade today as traders created fresh bets driven by pick-up in demand in the spot market. However, adequate stock position on higher supplies from producing regions and higher output reports capped the rise. At NCDEX, sugar for delivery in Dec edged up Rs 4, or 0.15%, to Rs 2,685 per quintal with an open interest of 52,300 lots. Likewise, the sweetener for delivery in March next year traded higher by Rs 4, or 0.14%, to Rs 2,821 per quintal in 60,380 lots. Ana-lysts attributed the rise in sugar prices in futures trade to improved demand from retailers as well as bulk consumers at the spot market supported by ongoing wedding season. To keep a tab on arrival and sale of imported pulses in the country, particularly in anticipation of expected shortage in the coming days, the department of commerce has been directed to share data on import through private channels with the ministries of consumer affairs and agriculture. Prices of pulses, onion, tomato and peas have risen sharply in recent months, hurting household budgets.

NCDEX INDICES

Index Value % Change

CAETOR SEED 3851 +2.45

CHANA 4997 +2.46

CORIANDER 10430 +1.27

COTTON SEED 1687 +0.72

GUAR SEED 3510 +3.02

JEERA 16120 +1.00

MUSTARDSEED 4685 +1.12

REF. SOY OIL 617.15 +1.21

TURMERIC 2675 -0.22

WHEAT 9498 +0.79

RECOMMENDATIONS

DHANIYA

BUY CORIANDER DEC ABOVE 10470 TARGET 10515 10665

SL BELOW 10405

SELL CORIANDER DEC BELOW 10300 TARGET 10255 10105

SL ABOVE 10365

GUARSGUM

BUY GUARGUM DEC ABOVE 7050 TARGET 7100 7170 SL

BELOW 6990

SELL GUARGUM DEC BELOW 6870 TARGET 6820 6750 SL

ABOVE 6930


DAILY REPORT

27th

NOV. 2015


RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 66.5507 Yen-100 54.3000

Euro 70.6968 GBP 100.6464

CURRENCY

USD/INR

BUY USD/INR DEC ABOVE 66.96 TARGET 67.09 67.24 SL BE-

LOW 66.76

SELL USD/INR DEC BELOW 66.88 TARGET 66.75 66.6 SL

ABOVE 67.08

EUR/INR

BUY EUR/INR DEC ABOVE 71.15 TARGET 71.3 71.5 SL BELOW

70.95

SELL EUR/INR DEC BELOW 71 TARGET 70.85 70.65 SL ABOVE

71.2

CURRENCY MARKET UPDATES: The Indian rupee on Thursday closed at over 11-week low against the US dollar, after FIIs continued to liquidate their investment in the local equity and debt market. Traders were also cautious ahead of gross domestic product data, to be released on 30 Nov, and the RBI and ECB monetary policy decisions on 1st and 3rd Dec, respectively. The home currency closed at 66.57, its lowest level close since 7 Sep-tember, down 0.36%, from its previous close of 66.33 per US dollar. The local unit opened at 66.38 per US dollar and touched a low of 66.67—a level last seen on 10 September. The yield on India’s 10-year benchmark bond closed at 7.724% compared with its Tuesday’s close of 7.703%. It opened at 7.698% and touched a high of 7.724%, a level last seen on 10 November. Bond yields and prices move in opposite directions. The US dollar eased slightly from the eight year peak against a basket of currencies on Thursday in quiet trades with U.S. markets closed for the Thanksgiving holiday. The dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, was at 99.85, just below Wednesday's eight-month peak of 100.21. The greenback remained broadly supported after a string of upbeat U.S. data on Wednesday added to expec-tations that the Federal Reserve will raise interest rates next month. New home sales rose by 10.7% to 495,000 units last month, compared to expectations for a gain of 6.0% to 500,000. The European unit slipped 0.12% to 1.0610 versus the greenback, not far from the previous session's seven-month trough of 1.0564. Sentiment on the euro has re-mained fraile since European Central Bank President Mario Draghi said last Friday that the bank is ready to act quickly to boost inflation in the euro zone and can also change the level of its deposit rate to boost the impact of quantitative easing. As against the pound, dollar was higher with GBP/USD down 0.37% at 1.5071. USD/JPY edged down 0.15% to 122.57.


DAILY REPORT

27th

NOV. 2015


Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

26/11/15 NCDEX DHANIYA DEC. BUY 10130 10085-9935 10195 BOOKED FULL PROFIT

26/11/15 NCDEX DHANIYA DEC. SELL 10350 10395-10545 10285 NOT EXECUTED

26/11/15 NCDEX GUARGUM DEC. BUY 6850 6900-6970 6790 BOOKED FULL PROFIT

26/11/15 NCDEX GUARGUM DEC. SELL 6700 6650-6580 6760 NOT EXECUTED

26/11/15 MCX GOLD DEC. BUY 25300 25380-25480 25200 NO PROFIT NO LOSS

26/11/15 MCX GOLD DEC. SELL 25100 25020-24930 25200 NOT EXECUTED

26/11/15 MCX SILVER DEC. BUY 33900 34100-34400 33600 BOOKED PROFIT

26/11/15 MCX SILVER DEC. SELL 33500 33300-33000 33800 NOT EXECUTED

26/11/15 USD/INR NOV. BUY 66.50 66.63-66.78 66.30 NO PROFIT NO LOSS

26/11/15 USD/INR NOV. SELL 66.30 66.17-66.02 66.50 NOT EXECUTED

26/11/15 EUR/INR NOV. BUY 71.05 71.20-71.40 70.85 NOT EXECUTED

26/11/15 EUR/INR NOV. SELL 70.50 70.35-70.15 70.70 NO PROFIT NO LOSS

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

26/11/15 NIFTY FUTURE SELL 7870-7850 7770-7650 7960 CALL OPEN

26/11/15 BHEL FUTURE SELL 173 171-167 176 CALL OPEN

26/11/15 BANKINDIA FUTURE SELL 123.5 122-119 125.10 NOT EXECUTED

26/11/15 MAJESTO CASH BUY 662 670-690 649 BOOKED FULL PROFIT

24/11/15 NIFTY FUTURE SELL 7850-7820 7750-7650 7960 CALL OPEN


DAILY REPORT

27th

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. 23

10 AM EXISTING HOME SALES OCT. 5.44 MLN 5.55 MLN

TUESDAY, NOV. 24

8:30 AM ADVANCE TRADE IN GOODS OCT. -- -$58.6 BLN

8:30 AM GDP REVISION 3Q 2.1% 1.5%

9 AM CASE-SHILLER HOME PRICES SEPT.

10 AM CONSUMER CONFIDENCE NOV. 100.0 97.6

WEDNESDAY, NOV. 25

8:30 AM WEEKLY JOBLESS CLAIMS NOV. 21 N/A N/A

8:30 AM PERSONAL INCOME OCT. 0.4% 0.1%

8:30 AM CONSUMER SPENDING OCT. 0.2% 0.1%

8:30 AM CORE INFLATION OCT. -- 0.1%

8:30 AM DURABLE GOODS ORDERS OCT. 1.8% -1.2%

9 AM FHFA HOME PRICES SEPT.

10 AM NEW HOME SALES OCT. 510,000 468,000

10 AM CONSUMER SENTIMENT NOV. -- 93.1

THURSDAY, NOV. 26

THANKSGIVING DAY NONE SCHEDULED

FRIDAY, NOV. 27

NONE SCHEDULED


epic research special report of 27 nov 2015

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