Epic research special report of 17 may 2016

DAILY REPORT 17

th MAY 2016

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Global markets at a glance European shares fell on Monday with satellite operator Eutelsat and power station company Drax slumping after broker downgrades. Leading investment bank Morgan Stanley also advised investors to stick with "defensive" stocks, namely those with solid dividends and cashflow, given signs that the market environment would remain dif-ficult for this year. The pan-European FTSEurofirst 300 in-dex was down 0.4 percent. Volumes were thin with the German and Swiss markets closed for a public holiday. Asian markets advanced Tuesday as energy plays rallied after rising oil prices spurred a banner session on Wall Street. Japan's benchmark Nikkei 225 index tacked on 0.70 percent, likely boosted in part by a slightly weaker yen. The US dollar was fetching 109.03 yen at 8:06 a.m. SIN/HK time, up from levels as low as around 108.50 yen in the previous session. Australia's S&P/ASX 200 was up 0.30 percent, as a 1.07 percent gain in the materials subindex and a 1.57% gain in the energy subindex were offset by the heavily weighted financials subindex falling 0.09%. Wall Street rallied sharply on Monday, juiced by a jump in Apple shares and gains from energy stocks that were backed by stronger oil prices. Apple shares finished up 3.7 percent after Warren Buffett's Berkshire Hathaway re-ported a stake worth about $1 billion in the iPhone maker. The stock, which had lost about one-fifth of its value in the past month, gave the biggest boost to the three indexes. The S&P energy sector .SPNY gained 1.6 percent as oil prices hit six-month highs. Crude prices were supported by worries about global supply outages and as long-time bear Goldman Sachs sounded more positive on the market. Previous day Roundup Equity benchmarks rebounded in last hour of trade despite mixed global cues, aided by FMCG, technology and HDFC group stocks. However, selling in oil, infra and select banks stocks limited upside. The Nifty broke 7800 level intraday. Sensex climbed 163.66pts or 0.64% to 25653.23 and the NSE Nifty jumped 45.85pts or 0.59% to 7860.75, outper-forming benchmarks. The BSE Midcap index was up 0.3%. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 14.41pts], Capital Goods [down 43.22Pts], PSU [down 66.71pts], FMCG [up 131.91Pts], Realty [up 19.74pts], Power [down 4.10pts], Auto [up 102.14pts], Healthcare [up 75.30pts], IT [up 69.44pts], Metals [up 58.08Pts], TECK [up 32.31pts], Oil& Gas [down 37.91pts].

World Indices

Index Value % Change

D J l 17710.71 +1.00

S&P 500 2066.66 +0.98

NASDAQ 4775.46 +1.22

FTSE 100 6151.40 +0.21

Nikkei 225 16608.81 +0.86

Hong Kong 19889.99 +0.03

Top Gainers

Company CMP Change % Chg

YESBANK 987.10 36.55 3.85

INFRATEL 387.80 12.90 3.44

BOSCHLTD 21,350.00 673.85 3.26

ITC 329.75 10.40 3.26

DRREDDY 2,991.05 73.85 2.53

Top Losers

Company CMP Change % Chg

BANKBARODA 142.05 13.05 -8.41

SBIN 177.15 7.70 -4.17

CIPLA 521.90 9.80 -1.84

ADANIPORTS 185.55 3.00 -1.59

IDEA 112.10 1.45 -1.28

Stocks at 52 Week’s HIGH

Symbol Prev. Close Change %Chg

CROMPTON 140.50 5.05 3.73

HDFCBANK 1,160.00 19.10 1.67

INDUSINDBK 1,076.00 10.80 1.01

IBREALEST 85.00 5.15 6.45

KRBL 284.80 10.35 3.77

MOHITIND 81.50 7.40 9.99

Indian Indices

Company CMP Hange % Chg

NIFTY 7860.75 +45.85 +0.59

SENSEX 25653.23 +163.66 +0.64

Stocks at 52 Week’s LOW

Symbol Prev. Close Change %Chg

IPCALAB 452.90 -15.10 -3.23

JINDALPHOT 87.60 -4.60 -4.99

VAIBHAVGBL 288.00 17.25 6.37

VIDEOIND 105.00 1.05 1.01

ZENITHEXPO 42.55 -2.20 -4.92

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DAILY REPORT 17

th MAY 2016


STOCK RECOMMENDATION [CASH] 3. INOXWIND

After announcing result we saw strong profit booking for that it come up to 233 but from last six session it is main-taining these level and yesterday it finished with reversal sing so we advise to buy it around 242-243 for target of 250 260 with stop loss of 238 MACRO NEWS Petrol price hiked by 83 paise , diesel up by Rs 1.26 HSBC upgrades India rating as hype gone; lists 8 stocks it

likes Bank of Baroda skids 8% as balance sheet clean-up con-

tinues Monsoon may get delayed by a week; temperatures to

soar Expect better sales on back of normal monsoon: Zuari

Agro Mother Dairy eyes Rs 10,000 crore turnover in 3 years Sebi readies dividend distribution policy for top 500

firms Coal production in April curtailed on low offtake Slowdown in Africa, Latin America hits auto exports,

down 16% in April 5,000 jobs affected by diesel vehicles ban in Delhi-NCR Amid digital focus, HDFC Bank, Yes Bank and others may

add 1,500 branches IndoStar Capital Finance to focus on SME lending, eyes

Rs 1,200-crore loan book LIC's Gulf arm tops overseas chart, chips in with 80% in-

come Raymond Limited to sell 20% in branded apparel, in talks

with overseas private equity funds Government may issue notification concerning manda-

tory hallmarking of gold, silvers items Ministry of New and Renewable Energy issues fresh draft

norms for onshore wind power projects Mines Ministry to tweak captive mine transfer rules

STOCK RECOMMENDATIONS [FUTURE] 1. BANKBARODA [FUTURE]

Yesterday we saw strong selling pressure on Bank of Baroda due Q4 result but it maintain support of 137.50 and made low of 139.85 since the banking index is positive so we may expect a bounce for that in any decline around 140 will be good level for buy with strict stop loss of 136 for target of 145 155 2. HEXAWARE [FUTURE]

Hexaware Future creating bottom around 205 which is strong support for it and we have seen strong bounce back from these level, since yesterday it rose with heavy volume so we advise to buy it around 208-210 with stop loss of 200 for target of 225 250.


DAILY REPORT 17

th MAY 2016


FUTURES & OPTIONS

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 7,900 73.25 4,10,117 59,79,525

NIFTY CE 7,800 131.50 2,71,943 34,84,050

BANKNIFTY CE 17,000 147.00 91,576 6,43,320

SBIN CE 180 3.55 4,756 34,72,000

BNKBARODA CE 160 0.65 4,605 42,40,800

ICICIBANK CE 230 3.40 3,774 36,72,000

TATASTEEL CE 330 8.30 2,556 13,54,000

RELIANCE CE 1,000 7.95 2,534 20,70,500

MOST ACTIVE PUT OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 7,800 48.60 3,82,961 53,94,300

NIFTY PE 7,700 26.00 3,27,105 55,94,850

BANKNIFTY PE 16,000 43.20 62,464 6,30,960

BNKBARODA PE 150 7.75 893 17,26,700

BNKBARODA PE 145 4.90 812 9,05,200

SBIN PE 180 5.05 619 16,92,000

ICICIBANK PE 215 2.15 390 9,04,400

TATASTEEL PE 320 8.05 375 13,24,000

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 29808 1649.55 33067 1843.03 229498 13194.75 -193.49

INDEX OPTIONS 561523 32002.82 540123 30728.24 1210543 70575.50 1274.58

STOCK FUTURES 87367 4294.46 98885 4699.88 1042078 50056.10 -405.42

STOCK OPTIONS 57199 2701.39 58376 2759.86 80662 3919.06 -58.48

TOTAL 617.20

STOCKS IN NEWS Adani Power shuts 2,640-mw units at Tiroda plant in

MH BHEL bags Rs 1600 crore order to set up a 250-mw

thermal power plant in Odisha SRF to invest Rs 3,500 crore in four years, major por-

tion to go into chemical business Piramal Enterprises decides to demerge its healthcare

and financial services businesses AuroPharma gets USFDA nod for anesthetic injection NIFTY FUTURE

Recovery in domestic currency against USD, Nifty bounce back from support level of broadening pattern while in first half index was in pressure with strong selling in Mid-cap PSU bank but in last session IT, Metal and Realty sup-port to index for that Nifty end with 45 points gains at 7887, now on daily chart next resistance at 7950 & 8000 so again buy in decline around 7825 with stop loss of 7775 for target of 7900 7940.

INDICES R2 R1 PIVOT S1 S2

NIFTY 7922.1 7868.5 7820.3 7766.7 7718.5

BANKNIFTY 16991.00 16853.00 16642.00 16504.00 16293.00


DAILY REPORT 17

th MAY 2016


COMMODITY ROUNDUP Copper was sideways at the start of the week with no big triggers today. Major triggers are lined at the mid week. The prices of June futures were lurching towards Rs 312 per kg. Evening session can prove to be pretty important for Cop-per prices for coming days. The prices of MCX Copper were trading at Rs 310 per kg, up 0.45%. The resistance at the moment is at Rs 312 and 315 levels. Breaching this give con-fidence to bulls to move towards Rs 320 per kg. Meanwhile, supports are active at Rs 305 and 300 per kg. Commitment of Traders report holds significance for the prices of Copper was released last week. This CoT report is expected to give direction to Copper prices in near future. The long positions of Merchants were 36401 on 10 May 2016 against 27504 a week before, while short positions were 54880 this week, down 7868. Overall the net positions in case of merchants are favoring shorts by 33643. Commit-ment of Traders showed that the long positions of Money Managers decreased by 6009. The total long positions of Copper for the one week period ending 10 may 2016 was 38221. Short position of Copper money managers increased by 17090 lots to 44631 on 10 May 2016. Buoyed by weather-related iron ore supply disruptions in Australia, fresh stimulus measures by Beijing and routine moves by China to start rebuilding inventories in the year's beginning, speculators went on marking up prices. Ore stocks at Chinese ports at close to 100 million tonnes (mt), the highest since March 2015, signals the end of inventory build up linked imports for some time. No doubt, demand has rebounded in the world's largest market for steel as Chi-nese production surge in March and April will bear out. Steel prices in China are up 70 per cent from their No-vember low, leading to significant improvement in the working of the country's major steel mills. India's Gold imports tumbled 58% to Rs 8226 Crores in April 2016, according to latest official data. Silver imports stood at Rs 1456 Crores, down 27.30% on year. Oil rose to fresh 2016 highs in Asia as a slowdown in US drilling and increase in Chinese crude refinery processing bolstered hopes a supply glut would ease sooner than ex-pected. US oilfield services firm Baker Hughes said the num-ber ofUS drilling rigs fell to its lowest level since October 2009, which is good news for prices as US production is a key contributor to the oversupply.

RECOMMENDATIONS

GOLD

TRADING STRATEGY:

BUY GOLD JUN ABOVE 30010 TARGET 30120 30340 SL

29882

SELL GOLD JUN BELOW 29955 TARGET 29845 29625 SL

30083

SILVER

TRADING STRATEGY:

BUY SILVER JULY ABOVE 41050 TARGET 41260 41580 SL

40812

SELL SILVER JULY BELOW 40900 TARGET 40690 40370 SL

41138

MCX


DAILY REPORT 17

th MAY 2016


NCDEX

NCDEX INDICES

Index Value % Change

BARLEY 1514.5 -0.43

CHANA 5834 +2.42

CORIANDER 7270 -1.03

COTTON SEED 2225 +0.82

GUAR SEED 3109 +1.37

JEERA 16250 -1.81

MUSTARDSEED 4384 +1.29

REF SOYA OIL 637.5 -0.15

SUGAR M GRADE 3345 +0.09

TURMERIC 8550 +0.52

RECOMMENDATIONS

DHANIYA

BUY CORIANDER JUN ABOVE 7470 TARGET 7515 7615 SL

BELOW 7405

SELL CORIANDER JUN BELOW 7275 TARGET 7230 7130 SL

ABOVE 7340

GUARGUM

BUY GUARGUM JUN ABOVE 5360 TARGET 5410 5480 SL

BELOW 5300

SELL GUARGUM JUN BELOW 5210 TARGET 5160 5090 SL

ABOVE 5270

Selling intensified in turmeric market as futures prices have extended their losses due to new supplies in local mandies along with comfortable stocks in local mandies. The sources stated that strong supplies of 2.50-3 lakh bags in Erode and Nizamabad mandis have kept the overall undertone bear-ish. Sources suggested that the total production of turmeric in the current year is expected to be around 60-62 lakh bags ( one bag =75 kgs ) against 40 lakh bags in the last year. The NCDEX Turmeric June futures declined by 0.47% to close at Rs 8540 per quintal As per latest release from Cargo Surveyor Intertek Agri Ser-vices, Malaysia's palm oil exports during May 1-15, 2016 stood at 5.63 lakh metric tonnes, up 16.30 percent from the last month in the same period. India's Spices exports jumped 7% on year to Rs 1547.10 Crores in April 2016, according to latest data. Pulses im-ports soared 24.22% to Rs 1487 Crores in April 2016. The Wholesale Price Index (WPI) for Pulses has spurt by 36.36% on year, while that of Potato is up by 35.45%, ac-cording to latest monthly WPI data from the government. The WPI for Food Articles has gained by 4.23%. The official WPI for ‘All Commodities’ (Base: 2004-05=100) for the month of April, 2016 rose by 1.4% to 177.0 (provisional) from 174.6 (provisional) for the previous month. The annual rate of inflation, based on monthly WPI, stood at 0.34% (provisional) for the month of April, 2016 (over April, 2015) as compared to -0.85% (provisional) for the previous month and -2.43% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 1.37% compared to a build up rate of 0.17% in the corre-sponding period of the previous year.


DAILY REPORT 17

th MAY 2016


RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 66.8216 Yen-100 61.4500

Euro 75.5953 GBP 95.9625

CURRENCY

USD/INR

BUY USD/INR MAY ABOVE 67.07 TARGET 67.2 67.35 SL BE-

LOW 66.87

SELL USD/INR MAY BELOW 66.94 TARGET 66.81 66.66 SL

ABOVE 67.14

EUR/INR

BUY EUR/INR MAY ABOVE 75.92 TARGET 76.07 76.27 SL BE-

LOW 75.72

SELL EUR/INR MAY BELOW 75.7 TARGET 75.55 75.35 SL

ABOVE 75.9

CURRENCY MARKET UPDATES:

The US dollar drifted lower against a basket of currencies

on Monday, after the release of manufacturing activity

data from the New York area fueled concerns over the

strength of the economy. The dollar index, which measures

the greenback's strength against a trade-weighted basket

of six major currencies, was at 94.42, still near Friday's

three-week high of 94.84. The Federal Reserve of New York

said its Empire State manufacturing activity index fell to -

9.02 in May from 9.56 the previous month. The European

unit added 0.13% to 1.1330 versus the greenback.

USD/JPY edged up 0.14% to 108.80. The safe-haven yen

strengthened earlier after official data showed that China's

factory output slowed to 6% in April. Investment and retail

sales also grew more slowly than expected last month,

adding to concerns over a slowdown in the world's second-

largest economy. As against the pound, dollar was steady

the pound with GBP/USD at 1.4373.

The Indian rupee continued its falling streak against the US

currency for the third day, slipping by another three paise

to hit 2-month closing low of 66.80 on persistent dollar

demand from banks and importers on the back of higher

greenback in the overseas market. Rise in crude oil prices

also affected the rupee-value against the dollar.

The Indian rupee resumed lower at 66.90 as against the

last weekend’s level of 66.77 per dollar at the Interbank

Foreign Exchange (Forex) Market and moved down to

66.91 on initial heavy dollar demand from banks. However,

it trimmed its initial losses and recovered 66.7225 per dol-

lar before ending at 2-month closing low at 66.80, still

showing a loss of 3 paise or 0.04 per cent. The domestic

currency has lost 24 paise or 0.36 per cent in the last three

trading sessions. The rupee had last ended at 67.22 per

dollar on March 16, 2016. The domestic currency hovered

in a range of 66.7225 and 66.9100 per dollar during the

day.


DAILY REPORT 17

th MAY 2016


Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

16/05/16 NCDEX DHANIYA JUNE BUY 7400 7445-7545 7335 SL TRIGGERED

16/05/16 NCDEX DHANIYA JUNE SELL 7320 7275-7175 7385 BOOKED PROFIT

16/05/16 NCDEX GUARGUM JUNE BUY 5280 5330-5400 5220 BOOKED PROFIT

16/05/16 NCDEX GUARGUM JUNE SELL 5230 5180-5110 5290 NO PROFIT NO LOSS

16/05/16 MCX GOLD JUNE BUY 29750 29900-30100 29700 NOT EXECUTED

16/05/16 MCX GOLD JUNE SELL 30100-30150 29900-29750 30200 SL TRIGGERED

16/05/16 MCX SILVER JUNE BUY 40500 40750-41000 40200 NOT EXECUTED

16/05/16 MCX SILVER JUNE SELL 40150 40950-40700 40220 SL TRIGGERED

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

16/05/16 NIFTY FUTURE SELL 7860-7880 7760-7710 7950 BOOKED PROFIT

16/05/16 CAIRN INDIA FUTURE SELL 133 130-125 135 NOT EXECUTED

16/05/16 LICHSGFIN FUTURE BUY 450 460-468 444 NOT EXECUTED

16/05/16 INDHOTEL CASH BUY 113.5 117-120 110 SL TRIGGERED

13/05/16 COX&KINGS CASH BUY 181 187-190 174.9 BOOKED PROFIT

12/05/16 RELIANCE FUTURE SELL 985-988 975-965 1000 CALL OPEN

11/05/16 NIFTY FUTURE BUY 7900 7960-8050 7820 SL TRIGGERED


DAILY REPORT 17

th MAY 2016


NEXT WEEK'S U.S. ECONOMIC REPORTS

ECONOMIC CALENDAR

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Disclaimer

TIME REPORT PERIOD ACTUAL CONSENSUS

FORECAST PREVIOUS

MONDAY, MAY 16

8:30 AM EMPIRE STATE INDEX MAY 9.0 9.6

10 AM HOME BUILDERS' INDEX MAY -- 58

TUESDAY, MAY 17

8:30 AM CONSUMER PRICE INDEX APRIL 0.4% 0.1%

8:30 AM CORE CPI APRIL 0.2% 0.1%

8:30 AM HOUSING STARTS APRIL 1.090 MLN 1.089MLN

8;30 AM BUILDING PERMITS APRIL -- 1.076MLN

9:15 AM INDUSTRIAL PRODUCTION APRIL 0.5% -0.6%

9:15 AM CAPACITY UTILIZATION APRIL 75.2% 74.8%

WEDNESDAY, MAY 18

2 PM FOMC MINUTES APRIL 27

THURSDAY, MAY 19

8:30 AM WEEKLY JOBLESS CLAIMS MAY 14 N/A N/A

8:30 AM PHILLY FED MAY 3.0 -1.6

8:30 AM CHICAGO FED NATIONAL INDEX APRIL -- -0.44

10 AM LEADING INDICATORS APRIL -- 0.2%

FRIDAY, MAY 20

10 AM EXISTING HOME SALES APRIL 5.40 MLN 5.33 MLN


Epic research special report of 17 may 2016

Business

Transcript of Epic research special report of 17 may 2016