Epic research special report of 07 aug 2015
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Transcript of Epic research special report of 07 aug 2015
DAILY REPORT
07th
AUG. 2015
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance
Asian equities outside the mainland sold off early Friday, following a sell-off on Wall Street and as investors await the BOJ policy decision. The Japanese central bank is ex-pected to maintain its massive monetary stimulus program at the end of its monthly two-day policy meeting, and de-clare confidence in hitting its inflation target. Shanghai in-dex opened up 1.2%, bucking the weakness in the region and on course to break a two-day losing streak. The Hang Seng index edged up 0.3 percent, with the market's focus
falling on the city's first major IPO since China's equity mar-ket turmoil in June.
Overnight, US stocks ended sharply lower, with the Nasdaq Composite down 1.6 percent, as investors weighed declines in oil ahead of Friday's key employment report. Weak re-port cards from media companies such as Viacom, 21st Century Fox and Disney brought down the DJI Average and S&P 500, which closed down 0.7 and 0.8%, respectively.
European shares fell on Thursday, with weak corporate re-sults weighing on enzyme company Novozymes and Deutsche Post even as UK stocks outperformed on receding rate-hike fears. The pan-European FTSEurofirst 300 index, which rose 1.3 percent in the previous session, closed down 0.8 percent at 1,589.38 points. The euro zone's blue-chip Euro STOXX 50 index declined by 0.2 percent.
Previous day Roundup
Indian shares rose for a second session on Thursday, clos-
ing at their highest level in two weeks, led by a rise in phar-maceutical stocks after positive comments from broker CLSA boosted investor sentiment. After a sluggish day, the market made some gains in the last hour of trade. The Sen-sex ended up 75.05 points or 0.3 percent at 28298.13 and the Nifty was up 20.70 points or 0.2 percent at 8588.65. About 1402 shares have advanced, 1525 shares declined, and 145 shares were unchanged.
Index stats
The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 213.21pts], Capital Goods [up 306.14pts], PSU [down 2.07pts], FMCG [down 93.05pts], Realty [up 5.51pts], Power [down 3.42pts], Auto [up 110.8pts], Healthcare [up 198.56Pts], IT [up 30.11pts], Metals [down 48.51pts], TECK
[up 8.98pts], Oil& Gas [down 25.29pts].
World Indices
Index Value % Change
D J l 17419.75 -0.69
S&P 500 2083.56 -0.78
NASDAQ 5056.44 -1.62
FTSE 100 6747.09 -0.08
Nikkei 225 20609.35 -0.27
Hong Kong 24620.58 +1.01
Top Gainers
Company CMP Change % Chg
LT 1,832.00 52.40 2.94
DRREDDY 4,285.00 93.20 2.22
KOTAKBANK 705.40 13.50 1.95
PNB 161.75 2.75 1.73
TATAMOTORS 382.60 6.20 1.65
Top Losers
Company CMP Change % Chg
TECHM 532.50 18.10 -3.29
ITC 325.70 6.10 -1.84
COALINDIA 430.55 7.95 -1.81
ASIANPAINT 912.25 11.05 -1.20
VEDL 126.35 1.35 -1.06
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
AUROPHARMA 786.45 22.95 3.01
DISHTV 118.55 -2.25 -1.86
JUBILANT 286.95 14.35 5.26
LICHSGFIN 523.00 16.80 3.32
Indian Indices Company CMP Change % Chg
NIFTY 8688.56 +20.70 +0.24
SENSEX 28298.13 +75.05 +0.27
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
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DAILY REPORT
07th
AUG. 2015
YOUR MINTVISORY Call us at +91-731-6642300
STOCK RECOMMENDATION [CASH]
1. WELSPUN (CASH)
After making life time high of 963 it was consolidating around higher level from last two session but today it faced huge profit booking for that it finished with 6% loss on EOD chart and create bearish engulfing pattern and momentum indicator showing weakness, so we advise to sell it below 870 use stop loss of 881 for target of 860/850/840
MACRO NEWS
Results Today: Tata Motors, M&M, BHEL, Grasim Indus-tries, Corporation Bank, REC, Future Retail, Cox & Kings, GSPL, Gateway Distriparks, Finolex Industries, Jindal Stainless, Kalpataru Power, Neyveli Lignite, Ramkrishna Forgings, Repco Home, Sobha, VRL Logistics, Zee Media, Apar Industries, Aptech, Avanti Feeds, Centum Electron-ics, Dalmia Bharat Sugar, D-Link, Gulf Oil Corp, Indra-prastha Medical, IZMO, Kirloskar Oil Engines, Ratnamani Metals, Take Solutions, Transformers And Rectifiers, TRIL India looks to barter surplus 4 MT sugar Gold stuck near 2010 low data backs Sept Fed hike view Maruti Suzuki planning 100 NEXA showrooms by FY16 State pension to invest nearly Rs 5,000 crore in stocks in 2015-16 Essar Oil fetches higher price on August naphtha cargo due to easing glut Rs 762cr may be invested in underground coal mines in FY'16. Coal India will invest Rs 13,900 cr to raise output Dr Reddy's to market three Amgen drugs in India Govt mulls providing 50 essential drugs at cheaper rates GMR Energy’s Gujarat solar power plant gets IMS certifi-cation
STOCK RECOMMENDATIONS [FUTURE]
1. STAR [FUTURE]
STAR Future made new life time high of 1233.60 and previ-ous was 1233 but it finished near to high level with 4.35% gain and RSI maintain 50 level, since it was facing resistance at 1297 so we advise to buy it around 1305-1310 use strict stop loss of 1289 for target of 1330-1350
2. SKSMICRO [FUTURE]
SKSMICRO Future today finished with 3% loss and on EOD chart it given break down of double top pattern, RSI has negative divergence while STOCHASTIC given confirmation of weakness so we advise to sell it around 568-570 for target of 554/560/555 use stop loss of 575
DAILY REPORT
07th
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 8,500 65.55 4,62,225 38,27,650
NIFTY PE 8,400 41.10 3,74,971 46,15,350
BANKNIFTY PE 18,000 46.75 38,938 6,54,950
LT PE 1,750 14.40 3,545 2,45,625
ARVIND PE 300 7.05 3,538 6,82,000
ARVIND PE 290 4.05 2,008 4,39,000
RELIANCE PE 980 19.65 1,911 4,43,500
SBIN PE 280 6.15 1,728 12,74,000
MOST ACTIVE CALL OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 8,700 64.90 4,44,338 38,94,500
NIFTY CE 8,600 113.00 4,31,067 33,17,825
BANKNIFTY CE 20,000 56.60 47,106 6,25,250
LT CE 1,800 59.00 6,724 2,86,000
RELIANCE CE 1,000 15.90 5,493 10,85,500
INFY CE 1,100 19.40 4,205 10,87,500
TATA-MOTORS
CE 400 8.90 4,191 19,84,500
LUPIN CE 1,750 8.90 6,231 1,58,750
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 34099 851.01 24077 584.94 650775 15638.84 266.07
INDEX OPTIONS 285845 7018.38 251933 6164.39 2579392 69399.14 853.99
STOCK FUTURES 87246 2492.89 89871 2543.18 1807617 50900.78 -50.29
STOCK OPTIONS 50645 1365.53 54124 1490.21 93158 2633.94 -124.68
TOTAL 124.68
STOCKS IN NEWS Rolta bags Smart City, 3D Mapping projects in Mid East Bajaj Electricals beats street, Q1 profit soars 3.6-fold Tata Steel may sell 5.5% stake in Tata Motors BPCL seeks 49,0000 tons gasoline. Himachal allots 960-MW hydel project to Rel. Energy Emami Raises Rs 950 crore for Kesh King Buy
NIFTY FUTURE
NIFTY FUTURE after long sluggish movement gained a little In last trading hours and ended in green with fur-ther bull signal. But Nifty Future may struggle around 8700 as it has a strong resistance there. So we advise you to buy it around 8580 for targets of 8660 and 8750 with stop loss of 8710
INDICES R2 R1 PIVOT S1 S2
NIFTY 8,636.95 8,612.80 8,582.15 8,558.00 8,527.35
BANK NIFTY 19,256.18 19,142.47 18,986.58 18,873.17 18,716.98
DAILY REPORT
07th
AUG. 2015
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
BUY GOLD OCT ABOVE 24850 TGTS 24930,25030 SL BE-
LOW 24760
SELL GOLD OCT BELOW 24750 TGTS 24670,24570 SL
ABOVE 24840
SILVER
TRADING STRATEGY:
BUY SILVER SEP ABOVE 33800 TGTS 34000,34300 SL BE-
LOW 33500
SELL SILVER SEP BELOW 33650 TGTS 33450,33150 SL
ABOVE 33950
COMMODITY ROUNDUP
Oil prices rose in Asia on Thursday after a mixed US energy
report showed a healthy decline in crude stockpiles but a
rise in output that could aggravate the global supply glut.
US benchmark West Texas Intermediate for September de-
livery rose two cents to $45.17 while Brent crude for Sep-
tember gained 11 cents to $49.70 in late-morning trade.
Meanwhile, the benchmark 30-share index firmed up fur-
ther by 75.05 points or 0.27 per cent.
Gold futures rose considerably posting a rare winning ses-
sion, as investors anticipate muted job gains for the month
of July when the U.S. Department of Labor releases its em-
ployment situation report on Friday morning. On the Comex
division of NYMEX gold for Dec delivery traded in a range
between $1,082.70 and $1,092.70 in Thursday's session be-
fore settling near the session highs at $1,092.20 at the
close. Gold has still closed lower in seven of the last nine
sessions as it has hovered near five and a half year lows. It
was preceded by a 10-day losing skid, its longest in nearly
two decades, fueled by concerns in the Chinese equities
markets, an increasing possibility of an interest rate hike by
the Fed and its dampening appeal as a safe haven asset.
Gold futures are still down by more than 6.5% from their
level of $1,175 an ounce over the last month.
Dollar-denominated commodities such as gold become
more expensive for foreign purchasers when the dollar ap-
preciates. Silver for September delivery jumped 0.152 or
1.04% to 14.705 an ounce. Copper for September delivery
fell 0.005 or 0.22% to 2.343 a pound.
Copper prices struggled to pull away from 6-year lows hit
earlier in the week on Thursday, as a broadly stronger U.S.
dollar reduced demand for the red metal. Copper Sept de-
livery on the Comex division of the NYMEX inched up 0.3
cents, or 0.14%, to trade at $2.352 a pound during Euro-
pean. MCX Copper was trading at Rs 332.60 per kg, up
0.24%. The prices tested a high of Rs 333.6 per kg and a low
of Rs 331.8 per kg. At 30 June 2015, Copper group had an
estimated 333 mn pounds of copper sales that were provi-
sionally priced at 268 cents per pound. The final price of
these sales will be determined during the second half of
2015. This compares with 331 mn pounds of open ship-
ments at 31 Dec 2014 priced at 288 cents per pound.
DAILY REPORT
07th
AUG. 2015
YOUR MINTVISORY Call us at +91-731-6642300
NCDEX
RECOMMENDATIONS
DHANIYA
BUY CORIANDER SEP ABOVE 10480 TARGET 10510 10550 SL
BELOW 10450
SELL CORIANDER SEP BELOW 10280 TARGET 10250 10210
SL ABOVE 10310
GUARSGUM
BUY GUARGUM OCT ABOVE 8230 TARGET 8280 8350 SL
BELOW 8170
SELL GUARGUM OCT BELOW 8070 TARGET 8020 7950 SL
ABOVE 8130
NCDEX ROUNDUP
The Solvent Extractors' Association of India has compiled the export data for export of oil meals for the month of July 2015. The export of oil meals during July 2015 is reported at just 18,410 tons compared to 132,102 tons in July 2014 i.e. down by 86%. The overall export of oil meals during April-July 2015 is reduced and reported at 492,086 tons com-pared to 757,907 tons during the same period of last year i.e. down by 35%. Soybean crushing is very much reduced due to continuous disparity and high price of domestic mar-ket affecting overall domestic availability of both oils and meals. The export of soybean meal is at a historical low dur-ing current year and reduced month by month and reported just 18,017 tons in April, 14,046 tons in May, 2,098 tons in June and just 928 tons in July 2015. Capacity utilization is at the lowest and many plants are close down due to disparity in crushing and export.
Oilmeal export fell sharply by 86% to 18,410 tonnes in July, as shipments of soyameal touched a historic low on account of high domestic prices of soyabean and South Asian coun-tries trimmed purchases, industry body SEA said in a state-ment. Oilmeal export stood at 132,102 tonnes in July 2014. During April-July period of this financial year, export of oil-meals declined by 35 per cent to 492,086 tonnes compared to 757,907 tonnes in the corresponding period last year.
Exports of rapeseed meal fell 90 per cent from a year ago to 8,645 tonnes, while soymeal shipments dropped 86 per cent to a record low of 928 tonnes, SEA said in a statement.
NCDEX INDICES
Index Value % Change
CAETOR SEED 3995 +0.45
CHANA 4301 -3.65
CORIANDER 10186 -3.24
COTTON SEED 1914 +0.74
GUAR SEED 3691 +2.61
JEERA 14510 -2.22
MUSTARDSEED 4098 -0.65
REF. SOY OIL 565.3 -0.17
TURMERIC 7076 -2.21
WHEAT 1491 -0.13
DAILY REPORT
07th
AUG. 2015
YOUR MINTVISORY Call us at +91-731-6642300
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 63.7603 Yen-100 51.5100
Euro 69.7091 GBP 99.6000
CURRENCY
USD/INR
BUY USD/INR AUG ABOVE 64.05 TARGET 64.18 64.33 SL BE-
LOW 63.85
SELL USD/INR AUG BELOW 63.98 TARGET 63.85 63.7 SL
ABOVE 64.18
EUR/INR
BUY USD/INR AUG ABOVE 64.05 TARGET 64.18 64.33 SL BE-
LOW 63.85
SELL USD/INR AUG BELOW 63.98 TARGET 63.85 63.7 SL
ABOVE 64.18
CURRENCY MARKET UPDATES:
The US dollar climbed higher against major currencies on
Thursday, after data showed that U.S. jobless claims rose
less than expected last week, holding near the lowest level
since November 1973, while investors continued to eye
Friday's nonfarm payrolls data. The U.S. Department of
Labor said the number of individuals filing for initial jobless
benefits in the week ending August 1 rose by 3,000 to
270,000 from the previous week's total of 267,000.
Investors were eyeing the upcoming U.S. nonfarm payrolls
report due on Friday, which could reinforce expectations
for higher interest rates by the Federal Reserve. The U.S.
dollar index, which measures the greenback's strength
against a trade-weighted basket of six major currencies,
was up at 98.20, not far from Wednesday's four-month
high of 98.33. The greenback was seen edging higher
against the euro, currently quoting at 1.0885. The dollar
was little changed against the yen, with USD/JPY at 124.93.
As against the pound, dollar turned higher with GBP/USD
down 0.49% at 1.5525.
The Indian rupee closes little changed against US dollar at
63.77 against its previous close of 63.76, as traders
awaited further cues on US interest rates. In a choppy
trade, the rupee ended marginally lower by two paise at
63.77 against US dollar on mild demand for the American
currency from banks and importers on the back of a higher
greenback overseas. The rupee resumed barely weak at
63.78 as against its previous close of 63.75 at the interbank
foreign exchange market and moved in a range of 63.71
and 63.81 before concluding at 63.77 per dollar, disclosing
a loss of 2 paise, or 0.03 per cent.
The US dollar index was up by 0.04 per cent against a bas-
ket of six currencies in the afternoon trade. However, per-
sistent foreign capital inflows into equity market restricted
the rupee's fall
DAILY REPORT
07th
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
06/08/15 NCDEX DHANIYA SEPT. BUY 10840 10865-10905 10810 NOT EXECUTED
06/08/15 NCDEX DHANIYA SEPT. SELL 10700 10675-10635 10730 NOT EXECUTED
06/08/15 NCDEX GUARGUM OCT. BUY 8170 8220-8290 8110 NOT EXECUTED
06/08/15 NCDEX GUARGUM OCT. SELL 7970 7920-7850 8030 BOOKED FULL PROFIT
06/08/15 MCX GOLD OCT. BUY 24750 24830-27930 24660 BOOKED PROFIT
06/08/15 MCX GOLD OCT. SELL 24600 24520-24420 24690 NOT EXECUTED
06/08/15 MCX SILVER SEPT. BUY 33600 33800-34100 33300 NO PROFIT NO LOSS
06/08/15 MCX SILVER SEPT. SELL 33400 33200-32900 33700 SL TRIGGERED
06/08/15 USD/INR AUG. BUY 64.1 64.23-64.38 63.90 BOOKED PROFIT
06/08/15 USD/INR AUG. SELL 64.00 63.87-63.72 64.20 NOT EXECUTED
06/08/15 EUR/INR AUG. BUY 69.78 69.93-70.13 69.58 BOOKED PROFIT
06/08/15 EUR/INR AUG. SELL 69.5 69.35-69.15 69.70 NOT EXECUTED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
06/08/15 NIFTY FUTURE BUY 8550 8630-8750 8400 NOT EXECUTED
06/08/15 DISHTV FUTURE BUY 118.5-119 120.5-121.5 116.9 BOOKED PROFIT
06/08/15 DLF FUTURE BUY 123 124.25-125.75 121.25 BOOKED PROFIT
06/08/15 RAJESHEXPO CASH SELL 537 531-526 547.5 NOT EXECUTED
05/08/15 INFY FUTURE SELL 1075-1080 1062-1052 1095 SL TRIGGERED
DAILY REPORT
07th
AUG. 2015
YOUR MINTVISORY Call us at +91-731-6642300
NEXT WEEK'S U.S. ECONOMIC REPORTS
ECONOMIC CALENDAR
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TIME REPORT PERIOD ACTUAL CONSENSUS
FORECAST PREVIOUS
MONDAY, AUG. 03
8:30 AM PERSONAL INCOME JUNE 0.4% 0.5%
8:30 AM CONSUMER SPENDING JUNE 0.2% 0.9%
8:30 AM CORE INFLATION JUNE 0.1% 0.1%
9:45 AM MARKIT PMI JULY -- 53.8
10 AM ISM JULY 53.2% 53.5%
10 AM CONSTRUCTION SPENDING JUNE 0.7% 0.8%
TBA MOTOR VEHICLE SALES JULY 17.2 MLN 17.1 MLN
TUESDAY, AUG. 04
10 AM FACTORY ORDERS JUNE 1.5% -1.0%
WEDNESDAY, AUG. 05
8:15 AM ADP EMPLOYMENT JULY -- 237,000
8:30 AM TRADE DEFICIT JUNE -$45.8 BLN -$41.9 BLN
10 AM ISM MANUFACTURING JULY 56.0% 56.0%
THURSDAY, AUG. 06
8:30 AM WEEKLY JOBLESS CLAIMS AUG. 1 N/A N/A
FRIDAY, AUG. 07
8:30 AM NONFARM PAYROLLS JULY 215,000 223,000
8:30 AM UNEMPLOYMENT RATE JULY 5.3% 5.3%
8:30 AM AVERAGE HOURLY EARNINGS JULY 0.2% 0.0%
3 PM CONSUMER CREDIT JUNE -- $16 BLN