Epic Research Special Report of 10 Sep 2015
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Transcript of Epic Research Special Report of 10 Sep 2015
DAILY REPORT
10th
SEPT. 2015
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance European shares climbed for a third session to a two-week high on Wednesday, with miners tracking a rally in metals prices on expectations that the world's top consumer, China, would take further steps to boost its economy. The market was also helped by a nearly 5% jump in Ryanair af-ter the airline hiked its annual profit forecast by 25% on strong summer fare growth. The European travel and lei-sure index rose 1.8%. The FTSEurofirst 300 index of top European shares ended 1.4% higher at 1,435.54pts after rising to 1,453.51, highest level since late August. The in-dex has jumped about 10% since hitting an eight-month low late last month. Asian stocks fell on Thursday after U.S. stocks retreated overnight and as Japan machinery orders unexpectedly shrank, deflating investors' appetite for riskier assets. Con-cerns about slowing global growth also weighed on senti-ment, with the New Zealand dollar tumbling after its cen-tral bank cut interest rates and signalled it may ease fur-ther, citing weakening demand and uncertainty over policy in the US and China. Tokyo's Nikkei fell 3%, after jumping 7.7% the day before amid hopes for fresh govt stimulus. MSCI's broadest index of Asia-Pacific shares outside Ja-pan .MIAPJ0000PUS was 0.9% lower after rallying 3.2% on Wednesday. Previous day Roundup A spectacular surge in Tokyo lifted sentiment across Asia and India was no exception. The bulls rallied for the 2nd day running to help indices reclaim crucial levels. The Sen-sex was up 401.71 pts or 1.6% at 25719.58 and the Nifty gained 130.35 pts or 1.7% at 7818.60. About 1975 shares advanced, 718 shares declined and 108 shares were un-changed. Globally, shares across Asia were sharply higher today. The Japanese Nikkei surged by 7.7 percent which is biggest one-day jump in seven years. Sentiment was boosted after Prime Minister Shinzo Abe pledged to imple-ment a corporate tax cut. The Shanghai composite in China jumped 2.3 percent while the Hangseng in Hong Kong soared over 4 percent. The South Korean Kospi went home 3 percent higher. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 234.19pts], Capital Goods [up 270.04pts], PSU [up 119.82pts], FMCG [up 46.28pts], Realty [up 34.56pts], Power [up 40.39pts], Auto [up 4998.96Pts], Healthcare [up 79.17Pts], IT [up 151.20pts], Metals [up 251.98pts], TECK [up 99.04pts], Oil& Gas [up 121.02pts].
World Indices
Index Value % Change
D J l 16253.57 -1.45
S&P 500 1942.04 -1.39
NASDAQ 4756.53 -1.15
FTSE 100 6229.01 +1.35
Nikkei 225 18220.78 -2.93
Hong Kong 21658.92 -2.13
Top Gainers
Company CMP Change % Chg
NMDC 103.50 7.90 8.26
HINDALCO 78.30 5.60 7.70
VEDL 99.60 6.10 6.52
NTPC 121.10 6.65 5.81
TATASTEEL 238.90 10.15 4.44
Top Losers
Company CMP Change % Chg
BOSCHLTD 21,506.00 142.85 -0.66
TECHM 533.80 3.40 -0.63
SUNPHARMA 840.00 4.60 -0.54
POWERGRID 125.45 0.60 -0.48
WIPRO 562.00 1.60 -0.28
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
ABBOTINDIA 5,384.00 137.90 2.63
NAVKARCORP 166.85 14.85 9.77
RAMASTEEL 833.00 8.00 0.97
Indian Indices
Company CMP Change % Chg
NIFTY 7818.60 +130.35 +1.70
SENSEX 25719.58 +401.71 +1.59
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
COROMANDEL 172.00 -1.20 -0.69
MONSANTO 2,424.90 -64.70 -2.60
DAILY REPORT
10th
SEPT. 2015
YOUR MINTVISORY Call us at +91-731-6642300
STOCK RECOMMENDATION [CASH] 1. INDHOTEL {CASH}
Before last session INDHOTEL made high of 85.50 while in first half of last session it consolidate around this level but in second half it cross this level and finished with 3% gain, now it has strong support of 84.50 and resistance of 88 so buy it above 84.50 use stop loss of 80.90 for target of 87-89-91 MACRO NEWS Chinese premier seeks to quell global markets' China
fears. China's August CPI up 2% on-year, PPI down 5.9%. Oil windfall being used to repair balance sheets: UBS In-
vest Navkar Corp lists at Rs 152, falls 2% below issue price Alstom up 12%, GE deal to buy co's energy biz gets EU
nod Govt okays spectrum trading norms, gold monetisation
scheme ABG Shipyard lenders may take over if Privinvest deal
fails Cipla's ratings unlikely to be impacted by US acquisitions:
India Union Cabinet approves National Offshore Wind Energy
Policy Railways to invest $140 bn, Japan to modernise 400 sta-
tions RBI to issue small finance bank licences soon Bharti Airtel, Axiata to merge their Bangladesh opera-
tions Dr Reddy’s To Market PanTheryx’s Proprietary Nutri-
tional Intervention BPCL Says: FY15 Been A Good Year For Co, Refinery Busi-
ness Has Been Good.
STOCK RECOMMENDATIONS [FUTURE] 1. SBIN [FUTURE]
At last session SBIN Future made high of 235.75 while 236 is too strong resistance for it despite of positive closed of index it finished with bearish candle and slipped from opening level while Bank Nifty also got resistance from 16800 so sell on rise around 234-235 will be good with strict stop loss of 237.10 for target of 231.50-229-226. 2. JINDALSTEEL [FUTURE]
As CHINA market given bounce our domestic market led by Metal index where many of metal share finished with break-out in which JINDALSTEL future finished near breakout of 63.25 with gain of 3.29%, it rose with short covering since Nifty also given reversal so we can see more short covering in it. So we advise to buy it above 63.50 for target of 64.50-66-68 use stop loss of 62.
DAILY REPORT
10th
SEPT. 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 CE 8,000 71.95 6,94,187 41,01,400
NIFTY CE 7,800 163.00 4,14,585 31,99,800
BANKNIFTY CE 17,000 233.00 72,285 5,43,325
RELIANCE CE 900 10.45 8,015 9,53,750
AXISBANK CE 500 12.85 4,538 8,95,000
SBIN CE 240 5.85 4,427 31,86,000
TATASTEEL CE 240 10.25 4,180 11,01,000
LT CE 1,600 42.35 3,792 1,80,375
MOST ACTIVE CALL OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY PE 7,700 114.20 5,18,023 28,18,350
NIFTY PE 7,500 62.00 4,60,595 48,23,100
BANKNIFTY PE 16,000 195.05 58,336 4,23,925
RELIANCE PE 820 6.10 4,086 5,59,000
YESBANK PE 700 21.90 2,512 2,69,000
AXISBANK PE 480 15.45 2,121 4,07,500
INFY PE 1,000 6.40 1,907 1,12,500
TATASTEEL PE 230 6.80 1,907 7,73,000
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 165892 3629.76 159882 3240.54 1010390 21527.84 389.22
INDEX OPTIONS 915155 19539.56 883384 18774.26 3824991 90249.17 765.30
STOCK FUTURES 132894 3369.90 91834 2353.88 1841724 45667.34 1016.02
STOCK OPTIONS 89550 2151.34 94942 2289.03 89314 2199.13 -137.69
TOTAL 2032.85
STOCKS IN NEWS JSW Steel's August production falls 4% NTPC to start Raghunathpur plant takeover in Dec CITI to conduct study on status of textile industry ITC lines up Rs 2,500 cr investments in Tamil Nadu JSW Energy Limited enters into binding agreement to
acquire Bina Thermal Power Sun Pharma looking to divest Ireland plant Nestle sets out plans for noodle comeback in India ITC arm Russell Credit acquires Wills Corporation NIFTY FUTURE
NIFTY FUTURE in yesterday trading opened with gap up and remained steady between 7860 and 7780. Although on daily charts Nifty seems bullish but first it may come a little down to fill the gap. Since the RSI is also suggest the bull run in the Nifty, we advise you to buy Nifty on a little dip around 7750 for the targets of 7850 and 7950 with stop loss of 7600
INDICES R2 R1 PIVOT S1 S2
NIFTY 7,494.00 7,854.00 7,809.30 7,772.00 7,727.00
BANK NIFTY 16,943.00 16,787.00 16,624.00 16,468.00 16,305.00
DAILY REPORT
10th
SEPT. 2015
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
BUY GOLD OCT ABOVE 26100 TGTS 26180,26280 SL BE-
LOW 26000
SELL GOLD OCT BELOW 26000 TGTS 25920,25820 SL
ABOVE 26100
SILVER
TRADING STRATEGY:
BUY SILVER DEC ABOVE 35400 TGTS 35600,35900 SL BE-
LOW 35100
SELL SILVER DEC BELOW 35100 TGTS 34900,34600 SL
ABOVE 35400
COMMODITY ROUNDUP
China trade data released this week showed that imports
fell 14.3 per cent year on year in renminbi terms in August,
a steeper decline than July's 8.6 per cent fall, the 10th con-
secutive fall and the worst numbers since May 2015. Ex-
ports dropped a more modest 6.1 per cent from a year ago,
against an 8.9 per cent drop in July. As a result, trade sur-
plus jumped nearly 40 per cent month on month to
Rmb368bn ($57.8bn), just below the Rmb370bn record set
in February. Domestic Copper was at Rs 363 per kg, up only
0.15%. The traders are also trying to analyse whether the
rally of last few days is justified.
The Union Cabinet, chaired by PM Narendra Modi, ap-
proved on Wednesday proposals for new gold monetization
and gold bond schemes. The aim of the schemes, proposed
in the 2015-16 Budget speech, is to reduce India’s gold de-
mand and imports, putting into use the stocks with citizens.
The Gold Monetization Scheme consists of a revamped Gold
Deposit Scheme and Gold Metal Loan Scheme.
China's crude oil imports rose 5.6 percent in August from a
year earlier to 26.59 million tons, or 6.29 million barrels a
day (bpd), government data showed Tuesday. But imports
fell 13.4 percent from a record high of 30.71 million tons
(7.26 million bpd) in July. Crude oil imports by the world's
second-largest oil consumer in the January-August period
grew 9.9 percent from the same period of 2014 to 6.66 mil-
lion bpd. Earlier this year, China began to allow local re-
source-starved refineries to import crude oil.
Qualified local refineries are allowed to import crude oil if
they cut backward capacity or install natural gas storage
facilities. Previously, China only allowed government-
approved refineries to use imported crude oil in the past.
However, the emergence of unregistered refineries has led
to upgrades in the refinery sector.
A sharply lower base price yielded results in the eighth
round of iron ore auctions conducted by the Goa govern-
ment on Tuesday. Bidders booked 250,000 tonnes of the 1.1
million tonnes of iron ore for sale. The response was better
than in the previous auction, when bidders had bought
55,000 tonnes of 1.01 million tonnes put for sale. The gov-
ernment had reduced the base price of low grade ore by up
to 72 per cent for the latest auction.
DAILY REPORT
10th
SEPT. 2015
YOUR MINTVISORY Call us at +91-731-6642300
NCDEX
NCDEX ROUNDUP
The state government has directed release of canal water and sufficient power for farmers to save the rain-deficient kharif crop by irrigation. “As many as 19 districts have re-ceived scanty rain. The chief minister has issued directives to ensure farmers can irrigate and revive the soya and other kharif crops,” Rajesh Rajora, secretary, agriculture and farmers’ welfare, told Business Standard. The council of ministers reviewed the situation on Wednesday. Rajora de-clined to comment on the status of crop and damage so far.
Bearish trend continued in mustard seed from higher levels due to sluggish demand of mustard meal in local mandies along with fresh supplies of soyabean . The NCDEX futures declined by 0.97 percent today. The overall export of mus-tard meal during August 2015 is reported at 0.08 lakh tons compared to 0.19 lakh tons in August 2015.The sources also stated that fresh supplies of new soyabean crop have also added negative sentiments in local mandies. The NCDEX October futures decreased by 0.97 percent today to close at Rs 4320 per quintal. The NCDEX futures added 1.97 percent in open interest indicating short selling by traders.
Stockiest buying continued in turmeric futures with the an-ticipation of weak sowing acreage in the current year cou-pled with strapping export demand. The spot prices of tur-meric opened Rs 100 per quintal higher at major mandies today. The market sources stated that weak rainfall in major turmeric growing states in Andhra Pradesh such as Nizama-bad and Warangal will reduce the turmeric area in the cur-rent year. The NCDEX October futures added 0.97 percent to trade at Rs 8510 per quintal.
NCDEX INDICES
Index Value % Change
CAETOR SEED 4124 -0.31
CHANA 4523 -5.99
CORIANDER 11112 -1.32
COTTON SEED 2094 -0.52
GUAR SEED 3896 -4.65
JEERA 15680 -1.48
MUSTARDSEED 4236 -0.77
REF. SOY OIL 561.6 -0.77
TURMERIC 8022 -1.50
WHEAT 1509 -0.07
RECOMMENDATIONS DHANIYA
BUY CORIANDER OCT ABOVE 11482 TARGET 11512 11582 SL BELOW 11456 SELL CORIANDER OCT BELOW 11270 TARGET 11240 11170 SL ABOVE 11300 GUARSGUM
BUY GUARGUM OCT ABOVE 8750 TARGET 8800 8870 SL BELOW 8690 SELL GUARGUM OCT BELOW 8650 TARGET 8600 8530 SL ABOVE 8710
DAILY REPORT
10th
SEPT. 2015
YOUR MINTVISORY Call us at +91-731-6642300
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 66.2945 Yen-100 55.0700
Euro 73.9847 GBP 101.8880
CURRENCY
USD/INR
BUY USD/INR SEP ABOVE 66.72 TARGET 66.85 67 SL BELOW 66.52 SELL USD/INR SEP BELOW 66.45 TARGET 66.32 66.17 SL ABOVE 66.65
EUR/INR
BUY EUR/INR SEP ABOVE 74.5 TARGET 74.65 74.85 SL BE-LOW 74.3 SELL EUR/INR SEP BELOW 74.1 TARGET 73.95 73.75 SL ABOVE 74.3
CURRENCY MARKET UPDATES:
The US dollar extended small gains against a basket of cur-rencies on Wednesday, amid hopes for fresh easing meas-ures by the Bank of China. The dollar gained against the yen. USD/JPY up 0.92% at 120.91.
As against the pound, dollar was stronger, with GBP/USD down 0.28% to 1.5353. Sterling came under pressure after the Office for National Statistics said U.K. industrial produc-tion fell by 0.4% in July and rose just 0.8% from a year ear-lier. U.K. manufacturing production declined 0.8% in July, the largest drop since May 2014 and was 0.5% lower on a year-over-year basis.
The rupee strengthened by 14 paise to close at 66.41 against the US dollar today on persistent selling pressure from banks and exporters amid hopes of resumption of foreign capital inflows in equity markets. The domestic unit resumed sharply higher at 66.38 against yesterday’s level of 66.55 at the Interbank Forex market. It hovered in a range of 66.24 to 66.46 during the day before finishing at 66.41, showing a gain of 14 paise, or 0.21 per cent. The domestic currency has gained 41 paise, or 0.62 per cent, in last two trading sessions.
The rupee also firmed up against the pound, euro and the Japanese yen. The rupee rose against the pound sterling to close at 102.00 as against 102.44 yesterday and firmed up against the euro to 73.99 from 74.29. It also closed higher against the Japanese currency to finish at 54.99 per 100 yen as against 55.47 yesterday.
In the global market, the dollar index was up by 0.41 per cent against a basket of six currencies. The euro strength-ened against the dollar yesterday after strong readings on trade and economic growth in the Eurozone helped sup-port the shared currency. The euro benefited from second-quarter economic growth in the Eurozone, which was re-vised higher to 0.4 per cent, while trade data showed July was a good month for German exporters.
DAILY REPORT
10th
SEPT. 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
09/09/15 NCDEX DHANIYA OCT. BUY 11500 11530-11600 11474 NOT EXECUTED
09/09/15 NCDEX DHANIYA OCT. SELL 11300 11270-11200 11330 BOOKED PROFIT
09/09/15 NCDEX GUARGUM OCT. BUY 9320 9370-9440 9260 NOT EXECUTED
09/09/15 NCDEX GUARGUM OCT. SELL 9170 9120-9050 9230 BOOKED PROFIT
09/09/15 MCX GOLD OCT. BUY 26550 26630-26720 26450 NOT EXECUTED
09/09/15 MCX GOLD OCT. SELL 26400 26320-26230 26500 BOOKED FULL PROFIT
09/09/15 MCX SILVER DEC. BUY 35800 36000-36300 35500 BOOKED PROFIT
09/09/15 MCX SILVER DEC. SELL 35500 35300-35000 35800 BOOKED PROFIT
09/09/15 USD/INR SEPT. BUY 66.91 67.04-67.19 66.71 NOT EXECUTED
09/09/15 USD/INR SEPT. SELL 66.75 66.62-66.47 66.95 NOT EXECUTED
09/09/15 EUR/INR SEPT. BUY 74.80 74.95-75.15 74.60 NOT EXECUTED
09/09/15 EUR/INR SEPT. SELL 74.45 74.30-74.10 74.65 BOOKED FULL PROFIT
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
09/09/15 NIFTY FUTURE SELL 7700 7780-7900 7540 NOT EXECUTED
09/09/15 CEAT FUTURE BUY 1112 1122-1140 1099 BOOKED PROFIT
09/09/15 SRTRANSFIN FUTURE BUY 805-815 830-850 789 NOT EXECUTED
09/09/15 AMARAJABAT CASH SELL 920 901-885 940 SL TRIGGERED
DAILY REPORT
10th
SEPT. 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, 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