Epic research special report of 16 dec 2015

8
DAILY REPORT 16 th DEC. 2015 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance U.S. stocks rallied broadly on Tuesday, led by energy and financial shares ahead of Wednesday's interest rate deci- sion from the Federal Reserve. The Dow Jones industrial average .DJI rose 156.67 points, or 0.9 percent, to 17,525.17, the S&P 500 .SPX gained 21.45 points, or 1.06 percent, to 2,043.39 and the Nasdaq Composite . Asian stocks gained early on Wednesday, with sentiment lifting as Wall Street rose before a likely hike in U.S. interest rates, while the dollar held to large gains made as Treasury yields picked up MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.7 percent. Previous day Roundup The market ended lowered dragged by autos and banks. The Sensex was up 170.89 points or 0.68 percent at 25320.44 and the Nifty slipped 50.85 points or 0.9 percent at 7700.90. About 988 shares have advanced, 1661 shares declined, and 211 shares are unchanged. LUPIN, ONGC, and HUL are top gainers while TECHM , ICICI BANK , PNB Bank, IDEA and WIPRO 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 [up 1.23Pts], Realty [up 0.87Pts], 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 17524.91 0.90 S&P 500 2043.41 1.06 NASDAQ 4995.36 0.87 FTSE 100 6017.06 2.45 Nikkei 225 18934.20 1.98 Hong Kong 21725.17 2.21 Top Gainers Company CMP Change % Chg BOSCH 18775.05 3.09 3.0 HUL 861.15 2.64 2.0 LUPIN 1789.00 2.35 1.89 ONGC 218.30 2.30 1.35 RELIANCE 976.00 2.19 1.24 Top Losers Company CMP Change % Chg PNB 121.30 -2.73 -1.89 ICICIBANK 245.70 -1.33 -0.84 TECHM 521.35 -4.10 -2.75 IDEA 131.90 -2.22 -0.23 WIPRO 245.70 -1.33 -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 7700.90 +50.85 +0.66 SENSEX 25,320.44 +170.89 +0.68 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 16 dec 2015

Page 1: Epic research special report of 16 dec 2015

DAILY REPORT

16th

DEC. 2015

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance

U.S. stocks rallied broadly on Tuesday, led by energy and

financial shares ahead of Wednesday's interest rate deci-

sion from the Federal Reserve. The Dow Jones industrial

average .DJI rose 156.67 points, or 0.9 percent, to

17,525.17, the S&P 500 .SPX gained 21.45 points, or 1.06

percent, to 2,043.39 and the Nasdaq Composite .

Asian stocks gained early on Wednesday, with sentiment

lifting as Wall Street rose before a likely hike in U.S. interest

rates, while the dollar held to large gains made as Treasury

yields picked up MSCI's broadest index of Asia-Pacific

shares outside Japan .MIAPJ0000PUS rose 0.7 percent.

Previous day Roundup

The market ended lowered dragged by autos and banks.

The Sensex was up 170.89 points or 0.68 percent at

25320.44 and the Nifty slipped 50.85 points or 0.9 percent

at 7700.90. About 988 shares have advanced, 1661 shares

declined, and 211 shares are unchanged. LUPIN, ONGC, and

HUL are top gainers while TECHM , ICICI BANK , PNB Bank,

IDEA and WIPRO 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 [up 1.23Pts], Realty [up 0.87Pts], 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 17524.91 0.90

S&P 500 2043.41 1.06

NASDAQ 4995.36 0.87

FTSE 100 6017.06 2.45

Nikkei 225 18934.20 1.98

Hong Kong 21725.17 2.21

Top Gainers

Company CMP Change % Chg

BOSCH 18775.05 3.09 3.0

HUL 861.15 2.64 2.0

LUPIN 1789.00 2.35 1.89

ONGC 218.30 2.30 1.35

RELIANCE 976.00 2.19 1.24

Top Losers

Company CMP Change % Chg

PNB 121.30 -2.73 -1.89

ICICIBANK 245.70 -1.33 -0.84

TECHM 521.35 -4.10 -2.75

IDEA 131.90 -2.22 -0.23

WIPRO 245.70 -1.33 -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 7700.90 +50.85 +0.66

SENSEX 25,320.44 +170.89 +0.68

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 16 dec 2015

DAILY REPORT

16th

DEC. 2015

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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 610 for target of 625 640 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. [ADANI PORT FUTURE]

ADANIPORTS Future dint sustain above break-

out level of 255.70, it made high of 257.80 at

opening time but got selling pressure on higher

level & finished near days low around 1% loss so

below 251 it will be right for sell with stop loss of

254.50 for target of 248 244 240. 2. [VOLTAS FUTURE ]

VOLTAS FUTURE near to break out level of 300 at last session it given closed above 291.25 which is 200DMA and from last three week it is trading in 275-299 range so we advise to buy it above 300 for target to 304 309 315 use stop loss of 296.

Page 3: Epic research special report of 16 dec 2015

DAILY REPORT

16th

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 18821 1029.62 27062 1467.50 278002 15512.55 -437.87

INDEX OPTIONS 253812 14263.79 275504 15561.18 1367643 78135.94 -1297.39

STOCK FUTURES 53563 2623.30 53349 2620.40 1033575 50080.17 2.90

STOCK OPTIONS 34442 1674.81 34638 1686.85 73527 3520.96 -12.04

TOTAL -1744.41

STOCKS IN NEWS

Mahindra's discount deal shows Pininfarina's limited options .

Strides doubles provision to Rs 1,300 crore on Mylan dispute .

Tata's Jaguar returns to motor racing with Formula E .

NIFTY FUTURE

Again Nifty given positive closing but due to FED meet-ing it traded with volatility since it near to short term resistance of 7730 above this level it has again resistance at 7840 in intraday we can see more bounce but the trend is not bullish for that it will be good to sell on rise around 7750-7770 use stop loss of 7855 for target of 7650 7580 7430

INDICES R2 R1 PIVOT S1 S2

NIFTY 7734 7692 7621 7579 7508

BANK NIFTY 16568 16459 16332 16223 16096

Page 4: Epic research special report of 16 dec 2015

DAILY REPORT

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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

WTI Oil carved out modest gains today as well after recover-ing from seven year lows last night. The commodity man-aged to hold on following a good pick up in European stocks as bargain buying tickled in. Oil has been pummeled over last few weeks and lows under $35per barrel seem to be triggering excellent buying as traders contemplate about oil losing further from hereon. Prices are closing onto their 11 year lows near $30 per barrel and many analysts believe that the turning point might be nearing for oil. WTI Crude iscurrently trading at $36.52 per barrel, up 0.58% on the day. MCX Crude oil futures are trading at Rs 2451 per barrel, almost unchanged on the day after hitting highs near Rs2500 per barrel mark. Lower oil prices have already made oil producing companies trim their expansion plans and curb CAPEX. Oil producing giant Royal Dutch Shell PLC has indicated earlier that the impact of the low oil price is clearly hitting the company.

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 16 dec 2015

DAILY REPORT

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DEC. 2015

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NCDEX

NCDEX ROUNDUP Short position was seen in mustard seed futures from higher levels due to weakness in other oilseeds in local mandies along with fragile mustard meal export demand. The market sources stated that selling in other oilseeds such as soyabean and palm oil added bearish sentiments in mus-tard seed market. Moreover, poor crushing demand of mus-tard seed on the account of thin meal exporters buying re-duced mustard seed prices in local mandies. The spot prices of mustard seed declined by Rs 30 per quintal during the day. The NCDEX Futures January shrugged off by 2.61 per-cent to settle at Rs 4447 per quintal in today's trading. 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

NCDEX INDICES

Index Value % Change

CASTOR SEED 3875 1.02

CHANA 5078 -0.08

CORIANDER 10750 0.7

COTTON SEED 1875 1.63

GUAR SEED 3120 1.30

JEERA 14595 -2.96

MUSTARDSEED 4161 -3.81

REF. SOY OIL 632.1 -0.64

SUGAR M GRADE 3017 1.28

TURMERIC 9450 -0.74

RECOMMENDATIONS

DHANIYA

BUY CORIANDER JAN ABOVE 9600 TARGET 9645 9795 SL

BELOW 9535

SELL CORIANDER JAN BELOW 9430 TARGET 9385 9235 SL

ABOVE 9495

GUARGUM

BUY GUARGUM JAN ABOVE 5950 TARGET 6000 6070 SL BE-

LOW 5890

SELL GUARGUM JAN BELOW 5750 TARGET 5700 5630 SL

ABOVE 5810

Page 6: Epic research special report of 16 dec 2015

DAILY REPORT

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RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 67.04 Yen-100 101.67

Euro 73.92 GBP 55.49

CURRENCY

USD/INR

BUY USD/INR DEC ABOVE 67.15 TARGET 67.28 67.43 SL BE-

LOW 66.95

SELL USD/INR DEC BELOW 67.05 TARGET 66.92 66.77 SL

ABOVE 67.25

EUR/INR

BUY EUR/INR DEC ABOVE 74.02 TARGET 74.17 74.37 SL BE-

LOW 73.82

SELL EUR/INR DEC BELOW 73.8 TARGET 73.65 73.45 SL

ABOVE 74

CURRENCY MARKET UPDATES: The US dollar continued to be relatively lower against the dollar on Tuesday, as investors await the highly anticipated Federal Reserve's policy decision this week. The dollar in-dex, which measures the greenback's strength against a trade-weighted basket of six major currencies, was down 0.21% at 97.53.Most investors expect the Fed to raise in-terest rates for the first time since June 2006 at its meeting due to end on Wednesday. Higher interest rates would make the U.S. dollar more attractive to yield-seeking inves-tors. The European unit edged up 0.17% to 1.1013 versus the greenback. Earlier Tuesday, the ZEW Centre for Eco-nomic Research said that its index of German economic sentiment rose by 5.7 points to 16.1 this month from No-vember's reading of 10.4.As against the pound, the dollar was lower with GBP/USD up 0.15% at 1.5165. Sterling found support after the U.K. Office for National Statistics said the annual rate of consumer price inflation rose by 0.1% last month, in line with expectations and up from -0.1% in October. Month-over-month, consumer price infla-tion was flat in November, compared to forecasts for a 0.1% decline and following a gain of 0.1% in the prior month. Core CPI, which excludes food, energy, alcohol, and tobacco costs rose 1.2% last month, matching forecasts and up from 1.1% in October.USD/JPY held steady at 121.05.

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 16 dec 2015

DAILY REPORT

16th

DEC. 2015

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Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

15/12/15 NCDEX DHANIYA JAN. BUY 10080 10125-10275 10015 BOOKED FULL PROFIT

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

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

15/12/15 NCDEX GUARGUM JAN. SELL 5890 5840-5770 5950 BOOKED FULL PROFIT

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

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

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

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

15/12/15 USD/INR DEC. BUY 67.05 67.18-67.33 66.85 BOOKED FULL PROFIT

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

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

15/12/15 EUR/INR DEC. SELL 73.3 73.15-72.95 73.50 BOOKED FULL PROFIT

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

15/12/15 NIFTY FUTURE SELL 7700 7620-7550 7820 BOOKED FULL PROFIT

15/12/15 REL CAPITAL FUTURE SELL 396-397 392-387 401 BOOKED FULL PROFIT

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

15/12/15 JET AIRWAYS CASH BUY 577 585-600 150.25 BOOKED FULL PROFIT

Page 8: Epic research special report of 16 dec 2015

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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