Epic research special report of 15 dec 2015

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DAILY REPORT 15 th DEC. 2015 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance European shares rose on Monday, helped by data in China showing signs of stabilization, while wind turbine makers were among the leading gainers after world leaders agreed on a landmark climate deal. The pan-European FTSEurofirst index was up 0.88 percent by 0943 GMT Asian shares firmed on Tuesday as recently volatile crude oil prices showed some stability, though gains were limited by caution ahead of a widely anticipated U.S. interest rate increase by the Federal Reserve. China's yuan, meanwhile, weakened against the dollar after the People's Bank of China (PBOC) set its official midpoint rate at its lowest level in more than four years for a second day. Previous day Roundup The market ended lowered 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 17368.50 0.60 S&P 500 2021.94 0.48 NASDAQ 4952.23 0.38 FTSE 100 5874.06 -1.32 Nikkei 225 18477.57 -0.74 Hong Kong 21404.85 +0.45 Top Gainers Company CMP Change % Chg ADANIPORTS 254.9 5.70 3.0 HINDALCO 79.05 3.67 2.0 COAL INDIA 317.20 3.07 1.89 ZEEL 408.45 2.69 1.35 AMBUJACEM 193.95 2.62 1.24 Top Losers Company CMP Change % Chg AXISBANK 431.25 -2.13 -1.89 ICICIBANK 372.00 -1.57 -0.84 YESBANK 306.00 -1.15 -0.75 TATAMOTORS 213.50 -0.86 -0.23 GRASIM 225.60 -0.75 -0.20 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 Company CMP Change % Chg NIFTY 7610.45 -72.85 -0.95 SENSEX 25,044.43 -207.89 -0.82 Stocks at 52 Week’s LOW Symbol Prev. Close Change %Chg 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

Transcript of Epic research special report of 15 dec 2015

Page 1: Epic research special report of 15 dec 2015

DAILY REPORT

15th

DEC. 2015

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance

European shares rose on Monday, helped by data in China

showing signs of stabilization, while wind turbine makers

were among the leading gainers after world leaders agreed

on a landmark climate deal. The pan-European FTSEurofirst

index was up 0.88 percent by 0943 GMT

Asian shares firmed on Tuesday as recently volatile crude

oil prices showed some stability, though gains were limited

by caution ahead of a widely anticipated U.S. interest rate

increase by the Federal Reserve. China's yuan, meanwhile,

weakened against the dollar after the People's Bank of

China (PBOC) set its official midpoint rate at its lowest level

in more than four years for a second day.

Previous day Roundup

The market ended lowered 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 17368.50 0.60

S&P 500 2021.94 0.48

NASDAQ 4952.23 0.38

FTSE 100 5874.06 -1.32

Nikkei 225 18477.57 -0.74

Hong Kong 21404.85 +0.45

Top Gainers

Company CMP Change % Chg

ADANIPORTS 254.9 5.70 3.0

HINDALCO 79.05 3.67 2.0

COAL INDIA 317.20 3.07 1.89

ZEEL 408.45 2.69 1.35

AMBUJACEM 193.95 2.62 1.24

Top Losers

Company CMP Change % Chg

AXISBANK 431.25 -2.13 -1.89

ICICIBANK 372.00 -1.57 -0.84

YESBANK 306.00 -1.15 -0.75

TATAMOTORS 213.50 -0.86 -0.23

GRASIM 225.60 -0.75 -0.20

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

Company CMP Change % Chg

NIFTY 7610.45 -72.85 -0.95

SENSEX 25,044.43 -207.89 -0.82

Stocks at 52 Week’s LOW

Symbol Prev. Close Change %Chg

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

Page 2: Epic research special report of 15 dec 2015

DAILY REPORT

15th

DEC. 2015

YOUR MINTVISORY Call us at +91-731-6642300

STOCK RECOMMENDATION [CASH] 3. [JETAIRWAYS]

looking good because crude oil prices continuously coming dow

n side for that Jetairways looking for breakdown below 550 but it

bounce back from 547 & create resistance at 576 so we advise to

buy it above 577 for target of 585 600 use stop loss of 567

MACRO NEWS

Wholesale Price Index (WPI)-based inflation fell for a 13th straight month in November, dropping 1.9 per cent compared to 3.8 per cent in October. In 1975-76, there was WPI-based deflation for a full year; it was in October 2014 that inflation was last seen, at 1.66 per cent. Government data re-leased on Monday showed the total build-up in the inflation for the current financial year leading up to November was 0.85 per cent, compared to a build-up rate of 0.50 per cent in the year-ago pe-riod. The price pressure points remained, particu-larly in food articles. The year-on-year rise in pulses in November was 58 per cent compared to 53 per cent in Oct.

Consumer Price Index-based (CPI) inflation for the month of November rose to 5.41 per cent, the highest in at least a year, compared with five per cent in October and 3.27 per cent in November 2014, official data showed on Monday. The No-vember figure is in fact the highest since the Cen-tral Statistics Office (CSO) started releasing data on the new base year from January 2015 on. The rise came on the back of increasing food prices, especially of pulses, up 46.1 per cent year-over-year for November. The previous highest monthly retail inflation rise under the new series was 5.4 per cent in June November retail inflation at 5.41%; highest in new series.

STOCK RECOMMENDATIONS [FUTURE] 1. [SUNTV FUTURE]

SUNTV Future moving in open broadening pattern which is reversal pattern whose support at 375 and last week it got support from 373.75 but at last session it finished around 2% loss so below breakdown we can see target up to 350 330 so we advise to sell it below 372 for target of 360 350 330 use stop loss of 383.

2. [HDIL FUTURE ]

HDIL Future made inverted cap & handle pattern on EOD chart whose break down will come below 60 since pattern start form 54 so we can see mini-mum down side up to 55 & Really leading correc-

tion of market so we advise to sell it below 60 for

target of 56 54 50 use stop loss of 63.

Page 3: Epic research special report of 15 dec 2015

DAILY REPORT

15th

DEC. 2015

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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 28451 1585.98 25705 1421.25 283673 15765.23 164.73

INDEX OPTIONS 377600 21152.13 353918 19891.67 1359852 77204.69 1260.46

STOCK FUTURES 58428 2859.85 55672 2735.70 1021603 49273.91 124.15

STOCK OPTIONS 46234 2258.22 46681 2290.07 71151 3392.01 -31.85

TOTAL 1517.49

STOCKS IN NEWS

1. Tata Motors to raise prices by upto Rs 20,000.

2. Mahindra to buy Italian car designer Pininfarina.

3. Reliance Home Finance to tap SME segment

NIFTY FUTURE

Nifty breached up to 2.50-3% since the no clarification coming on GST for that domestic market getting selling pressure this time only GST bill is positive hope for do-mestic market technically Nifty is too weak & create in-verted pennant pattern on EOD chart while support at 7550 7420 so we advise to sell it around 7700-7750 use stop loss at 7900 for target of 7580 7450 if it break 7400 with disappointment from GST then we may see big cor-rection.

INDICES R2 R1 PIVOT S1 S2

NIFTY 7758 7684 7629 7555 7500

BANK NIFTY 16952 16647 16453 16148 15954

Page 4: Epic research special report of 15 dec 2015

DAILY REPORT

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DEC. 2015

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RECOMMENDATIONS

GOLD

TRADING STRATEGY:

BUY GOLD FEB ABOVE 25300 TGTS 25380,25480 SL BE-

LOW 25200

SELL GOLD FEB BELOW 25100 TGTS 25020,24930 SL

ABOVE 25200

SILVER

TRADING STRATEGY:

BUY SILVER MAR ABOVE 33600 TGTS 33800,34100 SL BE-

LOW 33300

SELL SILVER MAR BELOW 33300 TGTS 33450,33150 SL

ABOVE 33600

COMMODITY ROUNDUP

The rout in global energy markets hurt the sentiments for Natural Gas heavily today as a continued slide in oil prices and comfortable inventories in the US took their toll. A break under $2 per mmbtu mark on the Henry Hub Natural gas futures extended further today as equities stayed nerv-ous and traders braced up for a highly volatile week ahead of the US Fed interest rate decision. Natural Gas is quoting at $1.901 per mmbtu right now, down around 4.50% on the day. These are the lowest levels in nearly 11 years for the counter. Prices have corrected by nearly 50% in last one year. The commodity has been locked in a bearish mode over last few months and a slide under the key $2 per mmbtu mark in last session has triggered another round of heavy selloff today as traders eye the weather forecasts predicting above normal temperature in the US. The prices came undone last week after the US Energy Information Administration reported inventories of around 3.9 trillion cubic feet for the week ended December 4. That is 15% above the year-earlier volume and 6.5% more than the five-year average.

The prices of MCX Copper were recovering on the back of short covering opportunities. The metal showed sharp gains last week and were sideways on the evening trades of Mon-day. The metal showed was trading at Rs 316.90 per kg, up 0.58%. MCX Copper tested a high of Rs 319.45 per kg and a low of Rs 314.95 per kg.MMG chief executive Andrew Michelmore has revealed himself to be perhaps the most bullish of the copper bulls, saying that copper markets could be in deficit in 2016. Rio Tinto, which owns 55 percent of the project in a partnership with BHP Copper Inc., antici-pates a significant supply crunch globally by the time the mine is in production. Michelmore's view on copper is far more bullish than that of BHP Billiton, which has suggested that a copper shortage is about four years away. Rio Tinto's copper boss Jean Copper prices have plumbed six year lows in recent weeks, but a bounce on Friday night saw the red metal jump to a four week high of $US2.13 per pound.

MCX Gold futures slipped by around 1% today amid a con-tinued selloff in global Gold futures as markets geared up for a critical week ahead and equities showed signs of skep-ticism. COMEX Gold failed to hold on near $1075 per ounce mark yet again and dropped under $1070 levels today. The counter currently trades at $1068 per ounce, down 0.72% on the day. MCX Gold futures are trading at Rs 25425 per 10 grams, down 1% on the day. Prices dropped from highs above Rs 25600 levels in early moves.

Page 5: Epic research special report of 15 dec 2015

DAILY REPORT

15th

DEC. 2015

YOUR MINTVISORY Call us at +91-731-6642300

NCDEX

NCDEX ROUNDUP Pulses have spurt at an alarming rate this year. India's wholesale inflation, which has been in negative territory for thirteen months now, eased a bit, with the wholesale price index coming in at -1.99% in November compared to -3.81% in October. Build up inflation rate in the financial year so far was 0.85% compared to a build up rate of 0.50% in the cor-responding period of the previous year. However, the food articles inflation came in at 5.2% on year. Pulses shot up by 58% on year while vegetables surged 14%. Guarseed futures scaled new contract lows on the account of fresh supplies in local mandies coupled with limited de-mand of guargum in major producing states. The sources stated that fresh arrivals of around 1-1.25 lakh bags have been reported in local mandies of Rajasthan and Haryana. The spot prices declined by Rs 100 per quintal today to trade at Rs 3450-3500 per quintal at Jodhpur mandi. How-ever, sources suggested that traders are expecting the total production in the range of 150-155 lakh bags in the current year, down 40 lakh bags from the last year. This is mainly poor rainfall during June-July in major guarseed producing states. The NCDEX January futures decreased by 2.90 per-cent to close at new contract low of Rs 3054 per quintal India's wholesale prices fell 1.99 percent year-over-year in November, slower than the 3.81 percent decline in the pre-vious month, preliminary figures from the Ministry of Com-merce and Industry showed Monday. Build up inflation rate in the financial year so far was 0.85 percent compared to a build up rate of 0.50 percent in the corresponding period of the previous year. 0.5 percent in November .

NCDEX INDICES

Index Value % Change

CASTOR SEED 3850 2.12

CHANA 5084 0.51

CORIANDER 10600 -2.44

COTTON SEED 1856 3.92

GUAR SEED 3054 -2.96

JEERA 15100 0.17

MUSTARDSEED 4330 1.14

REF. SOY OIL 636.6 0.46

SUGAR M GRADE 2972 2.94

TURMERIC 9520 4.00

RECOMMENDATIONS

DHANIYA

BUY CORIANDER JAN ABOVE 9600 TARGET 9645 9795 SL

BELOW 9535

SELL CORIANDER JAN BELOW 9400 TARGET 9355 9205 SL

ABOVE 9465

GUARGUM

BUY GUARGUM JAN ABOVE 5830 TARGET 5880 5950 SL BE-

LOW 5770

SELL GUARGUM JAN BELOW 5730 TARGET 5680 5610 SL

ABOVE 5790

Page 6: Epic research special report of 15 dec 2015

DAILY REPORT

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RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 66.99 Yen-100 101.78

Euro 73.46 GBP 55.29

CURRENCY

USD/INR

BUY USD/INR DEC ABOVE 67.3 TARGET 67.43 67.58 SL BE-

LOW 67.1

SELL USD/INR DEC BELOW 67.1 TARGET 66.97 66.82 SL

ABOVE 67.3

EUR/INR

BUY EUR/INR DEC ABOVE 73.8 TARGET 73.95 74.15 SL BE-

LOW 73.6

SELL EUR/INR DEC BELOW 73.5 TARGET 73.35 73.15 SL

ABOVE 73.7

CURRENCY MARKET UPDATES:

The US dollar was mostly higher against a basket of currencies on Monday, as investors turned their at-tention to the Federal Reserve's policy meeting this week amid mounting expectations for a rate hike. The U.S. dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, was at 97.89.Most investors expect the Fed to raise interest rates for the first time since June 2006 at its upcoming meeting on December 15-16. Higher interest rates would make the U.S. dollar more attractive to yield-seeking investors. The European unit fell 0.25% to 1.0965 versus the greenback. Data showed that euro zone industrial production rose 0.6% in October, beating expectations for a 0.3% gain, after a 0.3% fall the previous month. As against the pound, dollar was higher with GBP/USD down 0.27% at 1.5176. USD/JPY eased up 0.07% to 121.07.China's yuan opened at fresh four-and-a-half year lows after the People's Bank of China set its yuan midpoint rate at the lowest level since 2011. The move came after the PBOC indicated Friday that it may ease its loose peg to the dollar and allow the yuan track a broad basket of currencies of China's trading partners. Such a move would reduce China's demand for dollars.

Euro zone industrial production recovered at a faster than expected pace in October on durable consumer goods output, official data showed Monday. Industrial output advanced 0.6 percent on a monthly basis in October, reversing a 0.3 percent fall in September, Eurostat reported.

Page 7: Epic research special report of 15 dec 2015

DAILY REPORT

15th

DEC. 2015

YOUR MINTVISORY Call us at +91-731-6642300

Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

14/12/15 NCDEX DHANIYA JAN. BUY 10080 10125-10275 10015 NOT EXECUTED

14/12/15 NCDEX DHANIYA JAN. SELL 9920 9875-9725 9985 NOT EXECUTED

14/12/15 NCDEX GUARGUM JAN. BUY 6050 6100-6170 5990 NOT EXECUTED

14/12/15 NCDEX GUARGUM JAN. SELL 5890 5840-5770 5950 NOT EXECUTED

14/12/15 MCX GOLD FEB. BUY 25800 25880-25970 25700 NOT EXECUTED

14/12/15 MCX GOLD FEB. SELL 25600 25520-25430 25700 BOOKED FULL PROFIT

14/12/15 MCX SILVER MAR. BUY 34300 34500-34800 34000 NOT EXECUTED

14/12/15 MCX SILVER MAR. SELL 33700 33500-33200 34000 BOOKED FULL PROFIT

14/12/15 USD/INR DEC. BUY 67.05 67.18-67.33 66.85 NOT EXECUTED

14/12/15 USD/INR DEC. SELL 66.95 66.82-66.67 67.15 NOT EXECUTED

14/12/15 EUR/INR DEC. BUY 73.65 73.8-74 73.45 NOT EXECUTED

14/12/15 EUR/INR DEC. SELL 73.3 73.15-72.95 73.50 NOT EXECUTED

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

14/12/15 NIFTY FUTURE SELL 7700 7620-7550 7820 OPEN

14/12/15 REL CAPITAL FUTURE SELL 396-397 392-387 401 OPEN

14/12/15 PFC FUTURE SELL 192 190-188 198 OPEN

14/12/15 GRPL CASH SELL 145 140-135 150.25 OPEN

Page 8: Epic research special report of 15 dec 2015

DAILY REPORT

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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, 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