Epic research special report of 07 aug 2015

8
DAILY REPORT 07 th 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 - -

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

- -

DAILY REPORT

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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

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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

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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

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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

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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

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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

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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. 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