Epic Research Special Report of 09 Sep 2015

DAILY REPORT

9th

SEPT. 2015

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Global markets at a glance US stocks rose more than 2% on Tuesday, bouncing after steep losses last week and a China-fueled rebound in global equities. Gains were broad-based and followed a three-day US holiday weekend. All but one of the 10 major S&P sec-tors - energy - ended with gains of more than 2%. Hopes for more stimulus measures from the Chinese govt that China's imports shrank far more than expected in August, falling for the 10th straight month. Chinese stocks surged in a late rally, sparking a rebound in global equities. The DJI average rose 390.3 points, or 2.42%, to 16,492.68, the S&P 500 gained 48.19 points, or 2.51%, to 1,969.41 and the Nasdaq added 128.01 points, or 2.73%, to 4,811.93. All three major US stock indexes posted losses of at least 3 percent for last week. The benchmark S&P 500 index posted one new 52-week high and no new lows; the Nasdaq Composite recorded 46 new highs and 30 new lows. About 6.8 billion shares changed hands on US ex-changes. European equities rose on Tuesday, with Germany's bench-mark DAX share index outperforming the broader market after strong trade data. A late bounce in Chinese stocks, with the Shanghai Composite Index rising 2.9% after falling earlier, had also improved sentiment. European shares re-cently came under severe pressure from a steep sell-off in Chinese equities and concerns about China's economic growth. The FTSEurofirst 300 index was up 1.2% at 1,415.58 points by the close, while the DAX index was up 1.6% at 10,271.36 points. Previous day Roundup After 6 days of struggle, bulls finally got some respite on Dalal Street. A relief rally across the globe also helped mar-ket to bounce back. Sensex was up 424.06pts or 1.7% at 25317.87 and Nifty gained 129.45pts or 1.7% at 7688.25. About 1439 shares advanced, 1211 shares declined and 127 shares unchanged. Banks gave a major philip to the benchmark indices. Metals, auto and oil & gas too rallied in tandem with peers. Midcap index was up 1% with lead gainers. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 126.21pts], Capital Goods [up 478.45pts], PSU [up 113.79pts], FMCG [down 63.37pts], Realty [up 32.09pts], Power [up 53.74pts], Auto [up 290.14Pts], Healthcare [up 127.09Pts], IT [up 46.12pts], Metals [up 161.81pts], TECK [up 22.82pts], Oil& Gas [up 87.94pts].

World Indices

Index Value % Change

D J l 16492.68 +2.42

S&P 500 1969.41 +2.51

NASDAQ 4811.93 +2.73

FTSE 100 6146.10 +1.18

Nikkei 225 18415.10 +5.67

Hong Kong 21797.94 +2.53

Top Gainers

Company CMP Change % Chg

GAIL 295.95 19.85 7.19

YESBANK 697.00 46.30 7.12

BHEL 213.25 12.45 6.20

TATASTEEL 228.90 13.05 6.05

AXISBANK 474.50 24.65 5.48

Top Losers


CAIRN 144.15 3.20 -2.17

HINDUNILVR 802.50 17.35 -2.12

BPCL 821.50 8.70 -1.05

TECHM 536.90 1.10 -0.20

Stocks at 52 Week’s HIGH

Symbol Prev. Close Change %Chg

- -

Indian Indices


NIFTY 7688.26 +129.45 +1.71

SENSEX 25317.87 +424.06 +1.70

Stocks at 52 Week’s LOW

Symbol Prev. Close Change %Chg

ALBK 75.90 0.70 0.93

IDFC 126.35 3.25 2.64

KTKBANK 113.40 3.85 3.51

RCF 40.80 0.80 2.00

SYNDIBANK 77.70 0.45 0.58

ANDHRABANK 61.25 1.10 1.83

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DAILY REPORT

9th

SEPT. 2015


STOCK RECOMMENDATION [CASH] 1. AMARAJABAT {CASH}

AMARAJABAT is continuously facing selling pressure de-spite of bounce back in market it finished with 2.67% loss & break important level of 920 where it given smart rally since RSI also has negative divergence so sell around 915-920 will be good for target of 901-885-870 with stop loss of 940 MACRO NEWS UBS cuts India's growth forecast to 7.1% for FY16 Coal India can cross 550 MT output target: Coal Secy Infosys gets clean chit from US in H1-B visa violation

case Funds diversion into unrelated activities fueling NPAs Hindustan Unilever to sell Modern Bakery as part of its

strategy to exit non-core businesses HUL to sell Modern Bakery as part of its strategy to exit

non-core businesses JSW Energy all set to acquire Bina thermal power from JP

Power for Rs 3,500 crore Siemens to invest one billion euro in India, add 4,000

jobs: CEO Joe Kaeser Nalco to invest Rs 30,000 crore in Odisha: CMD T K

Chand Aditya Birla Group To Apply For NBFC Aggregator Licence

With RBI HUL Sells Its Bread & Bakery Business To Everstone's

Nimman Foods Wockhardt Gets US FDA Nod For Alzheimer's Drug Me-

mantine Hydrochloride I-bulls Housing QIP Closes; Co Raises $600 m Govt may amend Metal Corp Act to push stake sale in

HZL, Balco

STOCK RECOMMENDATIONS [FUTURE] 1. CEAT [FUTURE]

CEAT Future, In correction of index CEAT hold it’s gain, be-fore last session it was getting support from 1060 but in last session it broken this support but with recovery in market it also bounce and finished around 3.24% gain, On EOD chart it create bullish hammer while 1112 is short term support so we advise to buy it above 1112 use stop loss of 1099 for tar-get of 1122-1140-1160. 2. SRTRANSFIN [FUTURE]

SRTRANSFIN Future again bounce from strong support of 805 and finished around 2.61% gain with increase in OI. be-fore last session it made low of 803.20 & in last session it made low of 805 which is support of symetric triangle pat-tern then it finished at 827.90, since today Nifty also finished with bullish engulfing pattern so it will be good to buy around 805-815 use stop loss of 789 for target of 830-850-870.


DAILY REPORT

9th

SEPT. 2015


FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 7,800 118.50 5,96,867 31,37,625

NIFTY CE 7,900 78.00 5,27,439 23,88,675

BANKNIFTY CE 17,000 187.10 85,853 5,77,450

RELIANCE CE 860 21.20 4,266 4,02,000

YESBANK CE 700 29.50 3,815 4,02,000

SBIN CE 250 3.35 3,811 31,00,000

LT CE 1,600 33.00 3,214 1,94,375

RELIANCE CE 880 13.00 3,125 3,73,250

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 7,500 80.00 5,58,240 46,63,300

NIFTY PE 7,400 59.65 4,51,207 36,66,650

BANKNIFTY PE 15,500 143.50 58,772 2,81,025

AXISBANK PE 460 12.80 2,787 4,84,000

RELIANCE PE 820 10.50 2,324 2,21,750

TATASTEEL PE 220 6.55 2,277 9,86,000

LT PE 1,500 22.00 2,149 1,11,000

YESBANK PE 660 17.05 1,980 2,35,750

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 95283 2109.51 61164 1307.61 1053514 21923.40 801.90

INDEX OPTIONS 755476 16256.58 807568 17850.82 3866652 89330.64 -1594.23

STOCK FUTURES 92936 2273.49 102463 2552.18 1851864 44930.76 -278.69

STOCK OPTIONS 85697 1997.44 87670 2055.64 76618 1888.12 -58.19

TOTAL -1129.22

STOCKS IN NEWS JP Power Ventures sells 2 hydro power plants to JSW

Energy Pininfarina's sale to Mahindra and Mahindra seen in

next few weeks. Tata Motors completes over 100 crore kilometers with

Delhi Transport Corporation in 7 years LIC Housing Finance to raise up to Rs 47,000 crore Bank of Mah. to get Rs 394cr as capital infusion NIFTY FUTURE

NIFTY FUTURE in yesterday trading session reversed from support of 7550 and recovered all losses from previous sessions. The daily candlestick with RSI is suggesting that bulls my have control tomorrow. So We advise you to buy Nifty on a little dip around 7700 for the targets of 7780 and 7900 with stop loss of 7540

INDICES R2 R1 PIVOT S1 S2

NIFTY 7831.30 7759.60 7649.30 7577.60 7467.30

BANK NIFTY 16796.00 16573.00 16196.00 15973.00 15596.00


DAILY REPORT

9th

SEPT. 2015


RECOMMENDATIONS

GOLD

TRADING STRATEGY:

BUY GOLD OCT ABOVE 26550 TGTS 26630,26720 SL BE-

LOW 26450

SELL GOLD OCT BELOW 26400 TGTS 26320,26230 SL

ABOVE 26500

SILVER

TRADING STRATEGY:

BUY SILVER DEC ABOVE 35800 TGTS 36000,36300 SL BE-

LOW 35500

SELL SILVER DEC BELOW 35500 TGTS 35300,35000 SL

ABOVE 35800

COMMODITY ROUNDUP Chinese steel market participants expect new steel orders during September to stay at similar levels to last month, though prices could soften slightly, according to the latest Platts China Steel Sentiment Index, which showed a head-line reading of 55.64out of a possible 100 points in Sept. The September index rose just 0.45 points from August’s 55.19, and was the second consecutive month the CSSI has stayed above the 50 threshold. A figure greater than 50indi-cates expectations of an increase. MCX Crude oil futures witnessed a strong surge today, breaking above Rs 3000 per barrel mark as the counter re-versed heavy losses recorded in the last session. China yet again turned out to be the key driver for the counter as traders eyed more stimulus from the central bank of the economic giant. Massive gains in European stocks following upbeat GDP data also boosted the commodity. The WTI Crude oil futures extended a recovery from lows near $44 per barrel mark and currently quote at $45.72 per barrel, down 0.72% on the day. MCX Crude oil futures for Sept had tested lows near Rs 2930 per barrel in last session but wit-nessed a gap up open and surged throughout the session. The counter is quoting at Rs 3052 per barrel, up 3.50% on the day. Meanwhile, oil was also kept afloat by surging stocks in Europe. Economic growth in the19 countries that make up the euro zone has been revised upwards. U.S. crude futures fell mildly on Tuesday, while the global benchmark of crude rallied sharply from a massive sell-off one session earlier in a day of deviated trading. On the New York Mercantile Exchange, WTI crude for October delivery wavered between $44.15 and $46.40 a barrel before set-tling at $45.85, down 0.20 or 0.45% on the session. U.S. crude futures remain up by nearly 20% since August 25 when they touched down to a fresh six-and a half year low around $38 a barrel. Gold opened flat yesterday morning and is trading around 26475 on MCX October contract. Market witnessed less volatility in last couple of trading sessions as traders are waiting for the FOMC to come up with the interest rate pol-icy. While in India gold prices were back to discount to global benchmark prices, for the first time in almost two months period. The gold demand in the country witnessed significant drop following fears of weaker monsoon. Dealers were seen offering discounts starting from $4 up to $7 per ounce during this week. It must be noted that plunge in gold demand had taken gold prices to a discount of up to $10 during the month of July this year.


DAILY REPORT

9th

SEPT. 2015


NCDEX

NCDEX ROUNDUP Falling for the second straight day, cardamom pricesshed 0.54% to Rs 814.50 per kg in futures trading as speculators engaged in reducing positions on the back of fall in demand in the spot market. Besides, adequate stocks position on higher supplies from producing region fuelled the down-trend. At MCX cardamom for delivery in far-month October eased by Rs 4.40, or 0.54% to Rs 814.50 per kg in business turnover of 133 lots. The spice for delivery in September contracts eased by Rs 2.10, or 0.26% to Rs 801.10 per kg in 1 lot. Offloading of positions by participants owing to slack-ened demand in the spot market against sufficient stocks mainly kept pressure on cardamom prices at futures trade. Natural rubber market got into doldrums as the Kerala govt's market intervention program miserably failed. The government had announced a special scheme to procure rubber from growers and earmarked Rs 300 crore in the state's budget. The govt also approached the central govt for financial assistance, the central govt's response was not encouraging. Though the state government requested Rs 1,000cr under the price stabilization scheme, Union govern-ment has so far not sanctioned funds for bailing out the mil-lion plus rubber growers. The futures prices of guarseed continue drifting near their worst levels of the week due to sharp liquidation by traders. The prices were dampened by heavy stocks in local mandies along with favorable weather situation in major guar seed sowing regions from the last two days. Currently around 85-88 lakh tonnes of guarseed stocks are available at major producing states. Moreover, the total sowing acreage of guarseed crop in Rajasthan has touched 40 lakh hectares against the target of 39 lakh hectares for the current year.

NCDEX INDICES

Index Value % Change

CAETOR SEED 4138 -2.98

CHANA 4811 -3.99

CORIANDER 11210 -1.38

COTTON SEED 2107 +0.48

GUAR SEED 1086 -3.99

JEERA 15880 -2.13

MUSTARDSEED 4263 -0.95

REF. SOY OIL 566.55 -0.48

TURMERIC 8144 -3.98

WHEAT 1510 -0.46

RECOMMENDATIONS DHANIYA

BUY CORIANDER OCT ABOVE 11500 TARGET 11530 11600 SL BELOW 11474 SELL CORIANDER OCT BELOW 11300 TARGET 11270 11200 SL ABOVE 11330 GUARSGUM

BUY GUARGUM OCT ABOVE 9320 TARGET 9370 9440 SL BELOW 9260 SELL GUARGUM OCT BELOW 9170 TARGET 9120 9050 SL ABOVE 9230


DAILY REPORT

9th

SEPT. 2015


RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 66.6060 Yen-100 55.6000

Euro 74.6054 GBP 102.3002

CURRENCY

USD/INR

BUY USD/INR SEP ABOVE 66.91 TARGET 67.04 67.19 SL BE-LOW 66.71 SELL USD/INR SEP BELOW 66.75 TARGET 66.62 66.47 SL ABOVE 66.95

EUR/INR

BUY EUR/INR SEP ABOVE 74.8 TARGET 74.95 75.15 SL BE-LOW 74.6 SELL EUR/INR SEP BELOW 74.45 TARGET 74.3 74.1 SL ABOVE 74.65

CURRENCY MARKET UPDATES:

The rupee on Tuesday strengthened from Monday’s two-year low levels, after the domestic equities markets rose over 420 points. The currency closed at 66.55, up 0.42% from its previous close of 66.83. The unit had opened at 66.75 per US dollar and touched a high of 66.54.

Prime Minister Narendra Modi urged India’s business lead-ers to invest for the good of the nation after seeking fresh ideas from billionaires, bankers and bureaucrats as the country’s stocks and currency. FIIs were net sellers in 15 out of 18 sessions. Since 11 August, FIIs have sold equity worth $3.46 billion

The yield on India’s 10-year benchmark bond closed at 7.773% compared with Monday’s close of 7.803%. Bond yields and prices move in opposite directions. Since the beginning of this year, the rupee has lost 5.26%, while FIIs have bought $3.92 billion from local equity and $6.29 bil-lion from bond markets.

Asian currencies closed mixed. The Japanese yen was down 0.56%, Malaysian ringgit 0.21%, Indonesian Rupiah 0.1% and the Taiwan dollar 0.07%. However, the Singapore dol-lar was up 0.56%, China Offshore 0.34%, South Korean won 0.28%, and the Thai baht 0.06%.

The dollar index, was trading at 96.108, down 0.12% from its previous close of 96.229. The US Fed is scheduled to meet on 16-17 Sept, the outcome for which is eagerly awaited as many believe the Fed may start hardening its stance, or at least give a clear path of rate hikes, after the meetings. The US dollar was more or less steady against a basket of currencies in quiet trades on Tuesday on mount-ing uncertainty over whether or not the Fed will raise inter-est rates at its meeting this month. The dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, was steady at 96.09, the lowest level since Sept 4. Sentiment on the greenback remained fragile after Friday's U.S. jobs report failed to provide much clarity


DAILY REPORT

9th

SEPT. 2015


CALL REPORT

S T O

PERFORMANCE UPDATES

Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

08/09/15 NCDEX DHANIYA OCT. BUY 11580 11610-11680 11554 BOOKED FULL PROFIT

08/09/15 NCDEX DHANIYA OCT. SELL 11465 11435-11365 11495 BOOKED PROFIT

08/09/15 NCDEX GUARGUM OCT. BUY 9680 9730-9800 9620 NOT EXECUTED

08/09/15 NCDEX GUARGUM OCT. SELL 9490 9440-9370 9550 BOOKED FULL PROFIT

08/09/15 MCX GOLD OCT. BUY 26650 26730-26820 26550 NOT EXECUTED

08/09/15 MCX GOLD OCT. SELL 26400 26320-26230 26500 SL TRIGGERED

08/09/15 MCX SILVER DEC. BUY 35300 35500-35800 35000 BOOKED FULL PROFIT

08/09/15 MCX SILVER DEC. SELL 26400 26320-26230 26500 NOT EXECUTED

08/09/15 USD/INR SEPT. BUY 67.14 67.27-67.42 66.94 BOOKED PROFIT

08/09/15 USD/INR SEPT. SELL 66.97 66.84-66.69 67.17 BOOKED PROFIT

08/09/15 EUR/INR SEPT. BUY 75.00 75.15-75.35 74.80 NOT EXECUTED

08/09/15 EUR/INR SEPT. SELL 74.74 74.59-74.39 74.94 BOOKED PROFIT

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

08/09/15 NIFTY FUTURE SELL 7570-7590 7480-7400 7730 SL TRIGGERED

08/09/15 CROMPTON

GREAVE FUTURE SELL 152.4 151-149 154.95 SL TRIGGERED

08/09/15 TECHM FUTURE BUY 525-530 538-550 515 NOT EXECUTED

08/09/15 DISHMAN PHARMA

CASH SELL 241 237-233 245.10 BOOKED FULL PROFIT

04/09/15 BATA INDIA FUTURE BUY 985-995 1015-1035 965 BOOKED PROFIT

04/09/15 DABUR CASH BUY 280-283 287.5-292 275 SL TRIGGERED


DAILY REPORT

9th

SEPT. 2015


NEXT WEEK'S U.S. ECONOMIC REPORTS

ECONOMIC CALENDAR

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Disclaimer

TIME REPORT PERIOD ACTUAL CONSENSUS

FORECAST PREVIOUS

MONDAY, SEP. 07

NONE SCHEDULED

LABOR DAY

TUESDAY, SEP. 08

6 AM NFIB SMALL-BUSINESS INDEX AUG. -- 95.4

3 PM CONSUMER CREDIT JULY -- $21 BLN

WEDNESDAY, SEP. 09

10 AM JOB OPENINGS JULY -- 5.3 MLN

10 AM QUARTERLY SURVEY OF SERVICES 2Q -- --

THURSDAY, SEP. 10

8:30 AM WEEKLY JOBLESS CLAIMS SEPT. 5 -- 282,000

8:30 AM IMPORT PRICES AUG. -- -0.9%

10 AM WHOLESALE TRADE JULY -- 0.9%

FRIDAY, SEP. 11

8:30 AM PRODUCER PRICE INDEX AUG. 0.1% 0.2%

10 AM CONSUMER SENTIMENT AUG. -- 91.9

2 PM FEDERAL BUDGET AUG. -- -$129 BLN


Epic Research Special Report of 09 Sep 2015

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