Epic research special report of 14 dec 2015

DAILY REPORT

14th

DEC. 2015

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance US stocks closed sharply lower on Friday, with the S&P 500 ending its worst week since August, as plunging crude oil prices compounded investor nervousness on expectations for the first US interest rate hike in nearly a decade. Oil dragged down market as a whole, as investors worried whether a weakness in commodities signaled a broader slowdown. Furthermore, investors were worried about de-clines in China's yuan and in high-yield debt markets.

European shares fell on Friday on concerns that weakness in the Chinese Yuan could weigh on the global economy, while the slump in oil prices added to the gloomy mood before a widely expected rise in U.S. interest rates next week. The pan-European FTSEurofirst 300 index fell 2.14 percent to its lowest level in around two months, and made its weakest weekly performance since August. In spite

of the pullback on markets this month, the FTSEurofirst 300 index remains more than 2 percent higher since the start of 2015, helped in part by the ECB's policies which have supported a re-covery in the euro zone economy.

Hong Kong shares dropped more than 1 percent on Friday to a 2-month low, capping a dismal week as in-vestors stayed sidelined on weak China economic data and ahead of a likely U.S. interest rate hike. Problems at Chinese conglomerate Fosun Group also hurt investor sentiment. The Hang Seng index fell 1.1 percent, to 21,464.05, ending the week with a 3.5 percent loss, the worst performance in three months. The China Enterprises Index lost 1.5 percent, to 9,308.00 points. Previous day Roundup The market ended lowerer dragged by autos and banks. The Sensex was down 207.89 points or 0.8 percent at 25044.43 and the Nifty slipped 72.85 points or 0.9 percent at 7610.45. About 988 shares have advanced, 1661 shares declined, and 211 shares are unchanged. Tata Steel, Cipla, Infosys, Hindalco and HUL are top gainers while ICICI Bank, Tata Motors, Axis Bank, SBI and L&T are losers. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 175.97pts], Capital Goods [down 190.39pts], PSU [down 81.71pts], FMCG [down 0.42Pts], Realty [down 32.79Pts], Power [down 26.44pts], Auto [down 310.09Pts], Healthcare [down 8.19Pts], IT [up 14.83pts], Metals [up 16.15Pts], TECK [down 10.39pts], Oil& Gas [down 66.94pts].

World Indices

Index Value % Change

D J l 17265.21 -1.76

S&P 500 2012.37 -1.94

NASDAQ 4933.47 -2.21

FTSE 100 5952.78 -2.22

Nikkei 225 19230.48 +0.97

Hong Kong 21464.05 -1.11

Top Gainers

Company CMP Change % Chg

TATASTEEL 241.30 8.30 3.56

HINDALCO 76.35 0.65 0.86

INFY 1,055.65 8.30 0.79

VEDL 83.70 0.60 0.72

HINDUNILVR 821.00 5.10 0.63

Top Losers


PNB 123.00 6.05 -4.69

ICICIBANK 249.90 9.05 -3.49

YESBANK 683.45 23.65 -3.34

TATAMOTORS 379.00 10.60 -2.72

GRASIM 3,611.15 100.35 -2.70

Stocks at 52 Week’s HIGH

Symbol Prev. Close Change %Chg

HERITGFOOD 525.15 10.75 2.09

NAVKARCORP 211.50 6.60 3.22

SCI 89.85 0.35 0.39

STINDIA 13.20 0.60 4.76

Indian Indices


NIFTY 7610.46 -72.85 -0.95

SENSEX 25044.43 -207.89 -0.82

Stocks at 52 Week’s LOW

Symbol Prev. Close Change %Chg

ADANIPORTS 241.30 -5.60 -2.27

ALBK 67.70 -0.95 -1.38

AMBUJACEM 189.05 -0.85 -0.45

APOLLOTYRE 147.80 -3.10 -2.05

AXISBANK 439.35 -10.60 -2.36

http://www.epicresearch.co/

DAILY REPORT

14th

DEC. 2015


STOCK RECOMMENDATION [CASH] 3. GRPL [CASH]

Last week GPPL made new 52 week low of 145 then at last session of week it got some fresh buying but due to weak-ness in market around 151 it tested some profit booking since on EOD chart it made spinning top candle which is showing profit booking on rise so we advise to sell it below 145 for target of 140 135 use stop loss of 150.25 MACRO NEWS Bouncing back from the four-month lows it touched in

Sept, the index of IIP for Oct stood at 9.8% versus 3.6% SC to hear FSSAI petition against Maggi noodles ban lift Govt imposes 5-57% anti-dumping duty on cold-rolled

steel Texmaco Rail rises 8% on signal & telecom order from

DFCCIL US oil breaks below $36, hits fresh 2009 lows Over 68,000 tonnes of seized pulses offloaded in mkt TCS, ITC biggest wealth creators during 2010-15: Study Govt garners Rs 12,701cr from disinvestment in FY16 so

far India Inc raises Rs 18,259cr from capital mkts; 4-fold

jump Govt seeks Parliament nod to spend additional Rs

56,256cr Chennai floods to have material impact on Q3 revenues:

TCS Credit cost guidance for FY16 to be maintained: Yes Bank Supreme Court refuses Nestle's plea Godrej Appliances eyes 15% growth at Rs 3,200 crore

this fiscal Tata Power's 120 MW Zambia project gets UNFCCC ap-

proval

STOCK RECOMMENDATIONS [FUTURE] 1. RELCAP [FUTURE]

RELCAPITAL Future given confirmation of trend reversal it broken support of 396 on daily chart but again it has support at 386-365 when it will break 365 then we may see sharp fall since it made top at bullish trend so below 365 target will be 310 for that it will be good to sell on rise around 396-397 use stop loss of 401 for target of 392 387 380.

2. PFC [FUTURE]

PFC FUTURE end positive but on rise it got selling pressure and close near opening level for that it create long inverted hammer on EOD chart since before last session it made low of 192 & in last August it given recovery from 185 since the market is weak so we advise to sell it below 192 for target of 190 188 185.


DAILY REPORT

14th

DEC. 2015


FUTURE & OPTION

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 8,000 18.40 3,15,916 75,73,875

NIFTY CE 7,800 98.50 1,95,030 30,62,550

BANKNIFTY CE 17,500 93.50 77,839 7,11,960

ICICIBANK CE 270 4.30 3,443 43,60,500

SBIN CE 250 4.40 3,333 79,62,000

ICICIBANK CE 280 1.50 3,272 55,64,100

LT CE 1,400 8.40 3,206 12,39,300

SBIN CE 260 1.40 3,175 45,48,000

MOST ACTIVE PUT OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 7,800 51.40 3,10,182 49,63,950

NIFTY PE 7,700 25.00 2,38,758 68,09,025

BANKNIFTY PE 16,500 41.90 51,563 5,53,860

LT PE 1,350 20.50 1,710 4,44,300

ICICIBANK PE 260 2.20 1,570 20,60,400

TATAMOTOR PE 400 6.00 1,453 13,26,000

TATASTEEL PE 230 3.10 1,438 13,10,000

SBIN PE 240 1.70 1,377 22,52,000

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 24251 1291.81 40231 2213.03 269503 14895.04 -921.21

INDEX OPTIONS 316001 17697.52 312383 17534.64 1302697 73571.99 162.88

STOCK FUTURES 59647 2916.48 54707 2693.04 1017003 48702.16 223.43

STOCK OPTIONS 46957 2279.34 48004 2337.71 64972 3090.05 -58.38

TOTAL -593.27

STOCKS IN NEWS

NTPC raises Rs 500cr via private placement of secured NCDs

Essar secures loan from Russia's VTB to delist shrs: Sources

TataComm to sell Neotel stake to Vodafone South Af-rica arm

M&M sets up new aerospace company in Australia Delhi High Court lands a setback for Maruti Suzuki in

transfer pricing case Cairn moves Delhi High Court for early decision on con-

tract renewal

NIFTY FUTURE

Nifty future saw selling pressure in last trading session and has broken the previous levels. Now it has support around 7550, till then it seems bearish. We advise you to sell Nifty Future from around 7700 for the targets of 7620 and 7550 with strict stop loss of 7820

INDICES R2 R1 PIVOT S1 S2

NIFTY 7,758.00 7,684.00 7,629.00 7,555.00 7,500.00

BANK NIFTY 16,952.00 16,647.00 16,453.00 16,148.00 15,954.00


DAILY REPORT

14th

DEC. 2015


RECOMMENDATIONS

GOLD

TRADING STRATEGY:

BUY GOLD FEB ABOVE 25800 TGTS 25880,25970 SL BELOW

25700

SELL GOLD FEB BELOW 25600 TGTS 25520,25430 SL

ABOVE 25700

SILVER

TRADING STRATEGY:

BUY SILVER MAR ABOVE 34300 TGTS 34100,33800 SL BE-

LOW 34000

SELL SILVER MAR BELOW 33700 TGTS 33500,33200 SL

ABOVE 34000

COMMODITY ROUNDUP

Volume of trade in gold and gold hedge contracts on NCDEX

doubled on trader's growing thrust and interest on the ex-

change platform. Total volume of trade was reported at 9.6

tonnes in both gold and gold hedge contracts in Nov from

the level of 4.65 tonnes in October. Considering India's an-

nual gold consumption of 950 tonnes, however, the volume

of trade on NCDEX continued to remain negligible. Total

trading volume in Nov was reported at 5.57 tonnes in Gold

Hedge which shows a spurt of 212% over October 2015. In

Gold, the total trading volume showed a monthly jump of

41 per cent to 4.04 tonnes. The average daily OI on Gold

Hedge surged to 0.56 tonnes, up by 391%, over Oct 2015.

The average daily OI on Gold also continued to grow to 0.37

tonnes, an increase of 122% over the previous month.

Crude oil prices hit fresh 7-year lows on Friday as the IEA

warned global oversupply could worsen in the new year.

Brent slipped below $39 per barrel for first time since Dec

2008 as IEA, which advises developed nations on energy,

warned that demand growth was starting to slow. Brent

crude futures were down 60 cents at $39.13 a barrel at

1058 GMT, bouncing slightly from a session low of $38.90.

WTI U.S. crude futures were at $36.26 per barrel, down 50

cents after touching $36.12, their lowest since Feb 2009.

United States iron and Steel Institute (AISI) announced in

October 2015, U. S. Steel Mills shipped about 7,369,472 net

tons of cargos, an increase of 3.5% MoM to 7,120mn net

tons, down by 13.4% year on year to 8.508 million net tons.

Among them, US's shipment of hot-rolled sheet increases of

8% month on month, those for cold rolled sheet increases

of 2% month on month, for hot-dip galvanized steel sheet

and strip increase of 1% month on month.

Taking weak cues from overseas markets, silver pricesfell by

Rs 114 to Rs 34,518 per kg in futures trade, as participants

trimmed positions. In futures trading at the MCX silver for

delivery in far-month May next year shed Rs 114 or 0.33%

to Rs 34,518 per kg in a business turnover of 7 lots. Simi-

larly, the white metal for delivery in March declined by Rs

100 or 0.29% to Rs 34,115 per kg in a business volume of

297 lots. In the international market, silver fell 0.35% to

$14.05 an ounce in Singapore. Marketmen attributed the

fall in silver prices at futures trade was largely in line with a

weak trend in precious metals in global markets.


DAILY REPORT

14th

DEC. 2015


NCDEX

NCDEX ROUNDUP Supported by a strong demand from bulk consumers amid tight supplies, sugar prices strengthened by a whopping Rs 110 per quintal at the wholesale market in the national capital today. The steep rise in sugar prices was attributed to an increased offtake by bulk consumers as well as retail-ers against a halt in supplies form millers. In addition, ex-port demand too supported the upsurge in the sweetener prices as the Centre announced a compulsory export of at-least 4 million tonnes in the current crushing season to re-duced stockpiles. Sugar ready M-30 and S-30 prices climbed Rs 100 each to end at Rs 3,050-3,260 and Rs 3,040-3,250 per quintal. Mill delivery M-30 and S-30 prices too jumped up by same margins of Rs 100 each to Rs 2,820-3,070 and Rs 2,810-3,060 per quintal. Cardamom prices tumbled 2.75% to Rs 634.10 per kg in fu-tures trading as speculators cut down their bets, tracking a weak trend at spot market on muted demand. Further ade-quate stocks position on higher supplies from producing region fulled the downtrend. At the MCX cardamom for de-livery in Dec month dropped by Rs 17.90, or 2.75% to Rs 634.10 per kg in business turnover of 1 lot. Similarly, the spice for delivery in far-month Jan 2016 contracts moved down by Rs 3.60, or 0.49% to Rs 732.50 per kg in 97 lots. Apart from a weak trend at spot market on easing domestic as well as exports demand, sufficient stocks on higher sup-plies from producing belts kept pressure on cardamom prices at futures trade. Chana prices were down by 0.47% to Rs 5,050 per quintal in futures trade as traders reduced their positions amid ade-quate stocks in the spot markets on higher supplies. At the NCDEX chana for delivery in Dec month fell Rs 24, or 0.47% to Rs 5,050 per quintal with an OI of 35,200 lots.

NCDEX INDICES

Index Value % Change

CAETOR SEED 3778 +1.26

CHANA 5055 -0.37

CORIANDER 10750 +1.30

COTTON SEED 1785 +0.06

GUAR SEED 3143 -1.60

JEERA 15150 -0.13

MUSTARDSEED 4305 -1.67

REF. SOY OIL 634.2 +1.00

SUGAR M GRADE 2884 +0.73

TURMERIC 9400 +2.53

RECOMMENDATIONS

DHANIYA

BUY CORIANDER JAN ABOVE 10080 TARGET 10125 10275

SL BELOW 10015

SELL CORIANDER JAN BELOW 9920 TARGET 9875 9725 SL

ABOVE 9985

GUARSGUM

BUY GUARGUM JAN ABOVE 6050 TARGET 6100 6170 SL BE-

LOW 5990

SELL GUARGUM JAN BELOW 5890 TARGET 5840 5770 SL

ABOVE 5950


DAILY REPORT

14th

DEC. 2015


RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 66.7860 Yen-100 54.7500

Euro 73.1040 GBP 101.1006

CURRENCY

USD/INR

BUY USD/INR DEC ABOVE 67.05 TARGET 67.18 67.33 SL BE-

LOW 66.85

SELL USD/INR DEC BELOW 66.95 TARGET 66.82 66.67 SL

ABOVE 67.15

EUR/INR

BUY EUR/INR DEC ABOVE 73.65 TARGET 73.8 74 SL BELOW

73.45

SELL EUR/INR DEC BELOW 73.3 TARGET 73.15 72.95 SL

ABOVE 73.5

CURRENCY MARKET UPDATES: The Indian rupee has opened lower by 8 paise at 66.79 per dollar on Friday versus 66.71 Thursday. Rupee pared initial losses, but still quoted down by 5 paise to 66.76 against the greenback in late morning deals on continued bouts of dollar demand from banks and importers amid lower equi-ties. The rupee resumed lower by 66.80 per dollar from yesterday's closing level of 66.71 at the Interbank Forex Market. Later, it moved between 66.82 and 66.74 on the back of bouts of demand and supply before quoting at 66.76 at 1035 hrs. Overseas, the US dollar steadied against the basket currencies in early Asian trade, given some breathing space after a recent surge by the euro lost mo-mentum in wake of dovish comments by a policymaker. The United Nations (UN) has trimmed its forecast for global economic growth in 2015 by 0.4% point to 2.4%, largely due to lower commodity prices, increased market volatility and slow growth in emerging market economies. However, the world economy is projected to grow by 2.9% in 2016 and 3.2% in 2017, supported by generally less re-strictive fiscal and still accommodative monetary policy stances worldwide, the UN noted. The dollar was little changed against the other major cur-rencies on Friday, as investors awaited the release of U.S. data later in the day amid growing speculation the Fed will raise interest rates next week. USD/JPY added 0.17% to 121.78. Demand for the dollar continued to be under-pinned by expectations that the Fed is on track to raise interest rates for the first time since 2006 at its upcoming meeting on Dec 15-16. Higher interest rates would make the dollar more attractive to yield-seeking investors. Mar-ket participants were eyeing upcoming U.S. reports on re-tail sales, producer prices and consumer sentiment due later in the day, for further indications on the strength. The euro remained mildly supported after the latest round of easing announced by the ECB fell well short of market expectations. Dollar edged higher against the pound and the Swiss franc, with GBP/USD down 0.12% at 1.5141 and with USD/CHF rising 0.17% to 0.9893. Australian and New Zealand dollars were weaker, with AUD/USD down 0.77% at 0.7224 and with NZD/USD shedding 0.26% to 0.6740.


DAILY REPORT

14th

DEC. 2015


Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

11/12/15 NCDEX DHANIYA JAN. BUY 10420 10465-10615 10355 NOT EXECUTED

11/12/15 NCDEX DHANIYA JAN. SELL 10280 10235-10085 10345 BOOKED FULL PROFIT

11/12/15 NCDEX GUARGUM JAN. BUY 6250 6300-6370 6190 NOT EXECUTED

11/12/15 NCDEX GUARGUM JAN. SELL 6060 6010-5940 6120 BOOKED FULL PROFIT

11/12/15 MCX GOLD FEB. BUY 25600 25680-25770 25500 BOOKED PROFIT

11/12/15 MCX GOLD FEB. SELL 25400 25320-2530 25500 NOT EXECUTED

11/12/15 MCX SILVER MAR. BUY 34600 34800-35100 34100 BOOKED PROFIT

11/12/15 MCX SILVER MAR. SELL 34300 34100-33800 34600 NOT EXECUTED

11/12/15 USD/INR DEC. BUY 67.05 67.18-67.33 66.85 NO PROFIT NO LOSS

11/12/15 USD/INR DEC. SELL 66.90 66.77-66.62 67.10 NOT EXECUTED

11/12/15 EUR/INR DEC. BUY 73.43 73.58-73.78 73.23 SL TRIGGERED

11/12/15 EUR/INR DEC. SELL 73.20 73.05-72.85 73.40 SL TRIGGERED

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

11/12/15 NIFTY FUTURE BUY 7730 7830-7950 7750 NOT EXECUTED

11/12/15 JUST DIAL FUTURE BUY 875 885-900 860 SL TRIGGERED

11/12/15 UNION BANK FUTURE SELL 148 146-143 150.10 BOOKED PROFIT

11/12/15 NCLIND CASH BUY 169 172-175 166 BOOKED FULL PROFIT

10/12/15 MPHASIS CASH BUY 483 495-510 469 SL TRIGGERED

10/12/15 NIFTY FUTURE SELL 7700-7680 7600-7500 7800 BOOKED PROFIT


DAILY REPORT

14th

DEC. 2015


NEXT WEEK'S U.S. ECONOMIC REPORTS

ECONOMIC CALENDAR

The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any

responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere ef-

forts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources

that we consider reliable. This material is for personal information and based upon it & takes no responsibility. The information given

herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made invest-

ment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages in-

vestors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the infor-

mation given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projections shown are not nec-

essarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without no-

tice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone

who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either

the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this dis-

claimer. All Rights Reserved. Investment in equity & bullion market has its own risks. We, however, do not vouch for the accuracy or the

completeness thereof. We are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the

recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients

(Paid or Unpaid), any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Pro-

vided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.

Disclaimer

TIME REPORT PERIOD ACTUAL CONSENSUS

FORECAST PREVIOUS

MONDAY, DEC. 14

NONE SCHEDULED

TUESDAY, DEC. 15

8:30 AM CONSUMER PRICE INDEX NOV. 0.0% 0.2%

8:30 AM CORE CPI NOV. 0.2% 0.2%

8:30 AM EMPIRE STATE INDEX DEC. -- -10.7

10 AM HOME BUILDERS' INDEX DEC. -- 62

WEDNESDAY, DEC. 16

8:30 AM HOUSING STARTS NOV. 1.13 MLN 1.06 MLN

9:15 AM INDUSTRIAL PRODUCTION NOV. -0.3% -0.2%

9:15 AM CAPACITY UTILIZATION NOV. 77.2% 77.5%

2 PM FOMC STATEMENT

2:30 PM JANET YELLEN PRESS CONFERENCE

THURSDAY, DEC. 17

8:30 AM WEEKLY JOBLESS CLAIMS DEC. 12 N/A N/A

8:30 AM PHILLY FED DEC. -- 1.9

8:30 AM CURRENT ACCOUNT Q3 -- -$110 BLN

10 AM LEADING INDICATORS NOV. -- 0.6%

FRIDAY, DEC. 18

NONE SCHEDULED


Epic research special report of 14 dec 2015

Business

Transcript of Epic research special report of 14 dec 2015