Epic research special report of 21 sep 2015

DAILY REPORT

21st

SEPT. 2015

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance

Global markets were on the edge a day today after the Fed meet. European markets were lower with the Germany's DAX & France's CAC falling 2.4 percent each and Britain's FTSE down 1 percent. Investors remained apprehensive about growth concerns as the Federal Reserve kept rates unchanged citing global uncertainty. In Asia, Japan's Nikkei slid 2 percent on a stronger yen but other markets in the region managed to close in the green. China's Shanghai and Hong Kong's Hang Seng gained 0.3-0.4 percent.

European shares fell sharply on Friday after the U.S. Fed kept interest rates unchanged, fuelling concerns over the global economy and leaving investors guessing about when policy tightening will start. The pan-European FTSEuurofirst 300 index was down 1.9% and the euro zone's blue chip Euro STOXX index fell 3.03 percent, its worst drop since Aug. 24 when stocks plunged after a rout in Chinese mar-kets. Wall Street was led lower by energy stocks. The STOXX Europe 600 Banks index fall 2.9 percent, while the European automobile sector declined 3.3 percent.

Previous day Roundup

The market extended previous trading session's rally fur-ther on Friday, taking the Nifty above 8000 intraday after Fed postponed its plans of rate hike in nearly a decade. However, profit booking in last hour of trade wiped out half of gains and dragged benchmark Nifty below psychological level post sell-off in European markets and profit booking in FMCG and capital goods stocks. The Sensex rallied 254.94pts or 0.98% to 26218.91 and Nifty climbed 82.75 points or 1.05% to 7981.90, driven by banking & financials, oil and select pharma stocks. After the Fed event, all eyes are now on RBI monetary policy (on Sept 29).

For the week, the Sensex surged 2.4 percent and Nifty ral-lied 2.5 percent, continuing upside for second consecutive week but the broader markets underperformed with the CNX Midcap and BSE Smallcap indices rising 0.4 percent and 1 percent, respectively.

Index stats

The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 21.01pts], Capital Goods [down 29.30pts], PSU [up 99.51pts], FMCG [down 46.15pts], Realty [up 40.91pts], Power [up 16.41pts], Auto [up 75.70Pts], Healthcare [up 204.81 Pts], IT [up 77.92pts], Metals [up 46.65pts], TECK [up 41.20pts], Oil& Gas [up 80.68pts].

World Indices

Index Value % Change

D J l 16384.58 -1.74

S&P 500 1958.03 -1.62

NASDAQ 4827.23 -1.36

FTSE 100 6104.11 -1.34

Nikkei 225 18070.21 -1.96

Hong Kong 21920.83 +0.30

Top Gainers

Company CMP Change % Chg

AXISBANK 519.60 25.35 5.13

ONGC 240.10 9.60 4.16

NMDC 104.40 4.05 4.04

KOTAKBANK 666.50 25.50 3.98

BANKBARODA 189.75 7.20 3.94

Top Losers


BAJAJ-AUTO 2,273.55 76.60 -3.26

HINDALCO 75.50 1.75 -2.27

CIPLA 650.00 11.605.70 -1.75

TATAMOTORS 332.35 5.70 -1.69

ITC 317.00 5.15 -1.60

Stocks at 52 Week’s HIGH

Symbol Prev. Close Change %Chg

APLAPOLLO 507.00 32.25 6.79

JINDWORLD 168.00 -3.15 -1.84

ABBOTINDIA 5,625.00 335.80 6.35

PFIZER 2,548.80 268.70 11.78

SHREECEM 12,050.00 552.10 4.80

Indian Indices


NIFTY 7981.90 +82.75 +1.05

SENSEX 26218.91 +254.94 +0.98

Stocks at 52 Week’s LOW

Symbol Prev. Close Change %Chg

VIJAYABANK 34.75 -0.75 -2.11

COX&KINGS 204.25 -3.80 -1.83

GUJGASLTD 583.05 -30.65 -4.99

SOBHA 249.05 -9.50 -3.67

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DAILY REPORT

21st

SEPT. 2015


STOCK RECOMMENDATION [CASH]

3. COAL INDIA [CASH]

After consolidation of a week COALINDIA given breakout above 340.70 level and finished at 343.35 with gain of 2%, Since on EOD chart 343.90 is also a short term resistance and it respect to this level so buy it above 345 for target of 348-351-355 use stop loss of 340.10

MACRO NEWS

Granules India up 6.6% on USFDA nod for painkiller drug

Govt keen to resolve discom debt issue; may take 1 yr.

EPFO to track investment before increasing stake in stock market to 15%

56 countries to participate in int textile fair VASTRA

Instant coffee makers import raw coffee as prices rise here

Indian Energy Exchange prices hit record high as power demand zooms past 1.50 lakh Mw

GMR Energy 2 plants in Andhra Pradesh to get gas sub-sidy

PFS sanctions Rs 1,000 crore loan for clean energy pro-jects

GAIL tender offers easier terms for local shipbuilding. GAIL re-floats $7 billion tender to hire LNG ships

Competition Commission clears Baxter-Baxalta deal

India to soon ban testing of soaps, detergents on animals

Lupin eyes UK pharma company Sinclair for $500 million

S&P downgrades Amtek Global on liquidity risks at par-ent company

Goldman upgrades India's private sector lenders after underperformance

PM launches Rs 45K-cr scheme to strengthen power distribu-

tion

STOCK RECOMMENDATIONS [FUTURE] 1. KSCL [FUTURE]

Whole week KSCL FUTURE traded in fix range of 424-466 today it made low of 425 then finished at 434 with loss of 3.34% while in August it given recovery from 400 level since last session it create bearish candle & before that it made bearish inverted hammer so it given confirmation of down trend so sell it below 423 for target of 418-410-402-390. 2. BAJAJ FINANCE [FUTURE]

BAJFINANCE Future faced huge selling pressure near break-out level of 5280 for that at last trading session it finished around 5% loss and create long bearish candle on EOD, in previous session it made low of 4916 so sell it below psycho-logical support of 4900 for target of 4860-4820-4760.


DAILY REPORT

21st

SEPT. 2015


FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 8,000 57.00 11,34,171 33,33,325

NIFTY CE 8,200 8.25 9,15,683 36,47,025

BANKNIFTY CE 18,000 28.70 1,50,157 6,22,975

RELIACNE CE 900 8.20 10,949 11,74,500

SBIN CE 250 1.50 7,963 32,56,000

LT CE 1,600 6.95 6,159 3,96,875

AXISBANK CE 520 9.30 5,561 7,57,000

SBIN CE 240 5.40 4,702 34,15,000

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 7,900 52.00 11,16,218 28,27,825

NIFTY PE 8,000 94.40 10,06,191 37,76,875

BANKNIFTY PE 17,000 88.10 1,32,364 4,16,275

RELIANCE PE 880 7.60 5,502 4,04,750

AXISBANK PE 500 3.85 4,427 7,79,000

TATAMOTORS PE 320 3.60 3,646 6,44,000

SBIN PE 240 4.10 3,540 10,91,000

YESBANK PE 740 4.95 3,198 2,95,750

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 211136 5159.64 217855 4689.27 1175749 25676.6 470.3666

INDEX OPTIONS 1149379 26604.8 1029746 23746.8 3968671 97332.3 2858.055

STOCK FUTURES 259513 6399.44 220343 5309.53 1897603 48110.6 1089.912

STOCK OPTIONS 100085 2471.43 108183 2687.22 108389 2687.66 -215.791

TOTAL 4202.54

STOCKS IN NEWS Tata Motors-owned JLR unveils new James Bond cars] Suzuki Motor Corporation plans to launch 15 new

models in India in next 5 years NTPC may exceed capacity addition target of 11,920

MW Jubilant Life gets USFDA nod for anti-migraine tablets Kalyani Technoforge acquires the Indian operations of

Bodycote UltraTech Cement gets green nod for expansion of Ma-

harashtra plant NIFTY FUTURE

NIFTY FUTURE extended previous trading session's rally further on Friday, taking itself above 8050 intraday after Fed postponed its plans of rate hike in nearly a decade. But later it ate-up all the gained and closed indicating bearishness for next session. So we advise you to sell Nifty around 7970 to 8000 for the targets of 7890 and 7750 with strict stop loss of 8150

INDICES R2 R1 PIVOT S1 S2

NIFTY 8,097.00 8,039.00 7,997.00 7,939.00 7,897.00

BANK NIFTY 17,835.00 17,622.00 17,389.00 17,176.00 16,943.00


DAILY REPORT

21st

SEPT. 2015


RECOMMENDATIONS

GOLD

TRADING STRATEGY:

BUY GOLD OCT ABOVE 26600 TGTS 26680,26770 SL BE-

LOW 26500

SELL GOLD OCT BELOW 26400 TGTS 26320,25230 SL

ABOVE 26200

SILVER

TRADING STRATEGY:

BUY SILVER DEC ABOVE 36200 TGTS 36400,36700 SL BE-

LOW 35900

SELL SILVER DEC BELOW 35900 TGTS 35700,35400 SL

ABOVE 36200

COMMODITY ROUNDUP Copper snapped gains on Friday after a decision by the US Federal Reserve to keep interest rates unchanged. Copper declined by a marginal 0.7% to $5352 a tonne on LME. Sup-ply disruptions from the world’s leading mines, Codelco and Antofagasta, due to an earthquake in Chile on Thursday pushed copper to a two-month high. Both mines reported restoration of operations on Friday. There was speculation earlier that the Fed would raise interest rates for the first time in many years on a recovery in the US economy. But the Fed’s decision to hold interest rates triggered partial profit booking in base metals on Friday. Among other base metals, zinc and nickel declined by 1.5 per cent and 1.7 per cent, respectively, on excess availabil-ity. By contrast, gold jumped by $5.2 from the previous close to trade at $1,137 an ounce in London. Silver also moved in tandem to trade with a gain of $0.16 at $15.26 an ounce in early afternoon London trade. In India, the gain in bullion was capped by a strengthening rupee. Following the Fed’s decision, Gold was quoted at Rs 26,540 per 10 gm in Zaveri Bazaar after opening at Rs 26,430. A general sense of unease gripped the global mar-kets following the status quo from Fed. Heavy losses were seen in European stocks and gold continued to benefit amid these cues. Gold speculator and large futures traders cut their gold bullish positions last week after pushing bets higher for previous five weeks, according to the latest CoT. India’s gold imports surged 156% on year to Rs 32261 crores in August 2015. Silver imports also surged to Rs 2364 crores, up 58.40% on year. The demand from the retail participants is likely to increase in coming days as festive season ap-proaches. This can keep local gold futures well supported. Spot traders have already seen prices witness good buying support under Rs 25000 mark, which was the lowest level for the commodity in three years. China Iron & Steel Association, comprising major steel mills, warned of price volatility in the iron ore market over Sept and Oct, due to uncertainties in steel production rates in the country. During most of August, 62% grade fines hov-ered around $55/dmt CFR North China, before starting to show some strength August 27, but the price took a dive after hitting $59.25/dmt on September 10, and stood at 57/dmt as of September 15, Steel consumption in China typi-cally peaks over Sept and Oct, partly because the weather starts to get cooler, making it the right time for construction activities.


DAILY REPORT

21st

SEPT. 2015


NCDEX

NCDEX ROUNDUP The government has raised import taxes on crude and re-fined vegetable oils by 5 percentage points, government and trade sources said, as the world's largest buyer seeks to curb surg-ing supplies from Malaysia and Indonesia. The cost of the edible oils imports are expected to rise about 40 percent to $14 billion this fiscal year from about $10 billion, driving several Indian mills out of business and forcing some farmers to switch to crops other than oilseeds such as soybeans. The tax on crude vegetable oils has been hiked to 12.5 percent from 7.5 percent, and on refined oils to 20 percent from 15 percent. An extensive damage has been caused to the cotton, which is ma-jor kharif crop in Haryana and Punjab after paddy. The officials figures would be available after the completion of girdawari but an estimated 40% of the crop has been destroyed by the sap suck-ing insect, white fly. Deficient monsoon notwithstanding Kharif crops sowing rose 1.6% to 102.2mn hectares as on Friday, compared with 100.6mn hec-tares in the corresponding period of 2014-15. Meanwhile, with-drawing monsoon recovered in major drought-affected areas, which account for one-third of India’s food output. There was a rise in the area of all kharif crops, exceptjute and cotton. Pulses, whose prices are defying the general softening trend both in terms of wholesale and retail, saw an 11.6% increase in area un-der cultivation to 11.2mn hectares verses 10.1mn hectares. Oilseeds were planted at 18.2mn hectares against 17.4mn hec-tares, an increase of nearly three per cent. The govt on Friday increased the import duty on edible oils by five percentage points as the import bill on them surged. Sugarcane was cultivated on 4.88mn hectares as on Friday, marginally higher than 4.87mn hec-tares in the corresponding period of the previous year. As the sugar sector faces glut, govt imposed a compulsory limit on sugar mills to export the sweetener. The area under rice cultivation also rose moderately to 37.3mn hectares from 37.2mn hectares.

NCDEX INDICES

Index Value % Change

CAETOR SEED 4076 +0.22

CHANA 4530 +3.50

CORIANDER 10840 +0.79

COTTON SEED 2102 -0.94

GUAR SEED 3637 -2.07

JEERA 15510 +0.32

MUSTARDSEED 4231 -0.45

REF. SOY OIL 572.3 +0.81

TURMERIC 7688 +2.10

WHEAT 1528 +0.66

RECOMMENDATIONS

DHANIYA

BUY CORIANDER OCT ABOVE 11165 TARGET 11190 11270

SL BELOW 11138

SELL CORIANDER OCT BELOW 11000 TARGET 10975 10895

SL ABOVE 11027

GUARSGUM

BUY GUARGUM OCT ABOVE 8150 TARGET 8200 8270 SL

BELOW 8090

SELL GUARGUM OCT BELOW 7810 TARGET 7760 7690 SL

ABOVE 7870


DAILY REPORT

21st

SEPT. 2015


RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 65.9255 Yen-100 55.0100

Euro 75.1287 GBP 102.7515

CURRENCY

USD/INR

BUY USD/INR SEP ABOVE 65.92 TARGET 66.05 66.2 SL BE-

LOW 65.72

SELL USD/INR SEP BELOW 65.71 TARGET 65.58 65.43 SL

ABOVE 65.91

EUR/INR

BUY EUR/INR SEP ABOVE 75.55 TARGET 75.7 75.9 SL BELOW

75.35

SELL EUR/INR SEP BELOW 75.17 TARGET 75.02 74.82 SL

ABOVE 75.37

CURRENCY MARKET UPDATES:

The rupee posted on Friday its biggest daily gain in two years, while bond yields fell to a near three-month low, as the Fed's decision to hold US interest rates was seen as paving the way for the RBI to ease its monetary policy later this month. The Indian rupee ended at 65.67/68 per dollar from its 66.4550/66.4650, its strongest level since August 20. For the day, the rupee rose 1.2% against the dollar, its biggest daily gain since Sep 19, 2013. For the week, the rupee gained 1%, snapping a two-week losing streak. The domestic currency benefitted from a weaker dollar as well as hopes that a rate cut from the RBI would boost investor confidence. The 10-year benchmark bond yield closed down 5bps to 7.70%, its lowest level since June 22. For the week, the 10-year bond yield fell 0.9%.

The US dollar was broadly lower against a basket of curren-cies on Friday, after the Federal Reserve's decision to leave interest rates unchanged this month. Investors were still digesting the central bank's decision to keep interest rates unchanged, but losses were limited as the central bank left open the possibility of a rate hike later this year. The greenback was weaker in quiet trades today with the dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, down 0.20% at 94.23, the lowest level since August 26. Speaking after the rate statement, Fed Chair Janet Yellen said global economic developments played a major part in the central bank's decision. In deciding when to raise inter-est rates, the Fed repeated it wanted to see some further improvement in the labor market and be reasonably confi-dent that inflation will increase. Meanwhile, the euro edged lower by 0.17% to 1.1414 versus the dollar, after rising to four-week highs of 1.1460 earlier in the session. As against the pound, dollar was lower with GBP/USD up 0.36% at 1.5646.

USD/JPY was down 0.51% at 119.40. The minutes of the BoJ's August policy meeting revealed early in the day that the central bank must be vigilant to the risk of a decline in exports from a prolonged slowdown in China and other emerging economies. Board members also said that the weakness in Japan's output and exports was temporary.


DAILY REPORT

21st

SEPT. 2015


CALL REPORT

S T O

PERFORMANCE UPDATES

Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

18/09/15 NCDEX DHANIYA OCT. BUY 11118 11143-11223 11091 NOT EXECUTED

18/09/15 NCDEX DHANIYA OCT. SELL 10800 10775-10695 10827 NOT EXECUTED

18/09/15 NCDEX GUARGUM OCT. BUY 8230 8280-8350 8170 NOT EXECUTED

18/09/15 NCDEX GUARGUM OCT. SELL 8040 7990-7920 8100 BOOKED FULL PROFIT

18/09/15 MCX GOLD OCT. BUY 26250 26330-26420 26150 NOT EXECUTED

18/09/15 MCX GOLD OCT. SELL 26100 26020-25930 26200 NOT EXECUTED

18/09/15 MCX SILVER DEC. BUY 36200 36400-36700 35900 BOOKED FULL PROFIT

18/09/15 MCX SILVER DEC. SELL 35900 35700-35400 36200 SL TRIGGERED

18/09/15 USD/INR SEPT. BUY 66.61 66.74-66.89 66.41 NOT EXCUTED

18/09/15 USD/INR SEPT. SELL 66.41 66.28-66.13 66.61 NOT EXECUTED

18/09/15 EUR/INR SEPT. BUY 75.80 75.95-76.15 75.60 NOT EXCUTED

18/09/15 EUR/INR SEPT. SELL 75.60 75.45-75.25 75.80 NOT EXCUTED

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

18/09/15 NIFTY FUTURE SELL 7950 7875-7800 8005 NOT EXCUTED

18/09/15 MCLEAODRUSS FUTURE SELL 163-165 160.5-158 167.5 NOT EXECUTED

18/09/15 BATAINDIA FUTURE BUY 1100-1105 1115-1125 1189 NOT EXCUTED

18/09/15 NILKAMAL CASH SELL 880 867-850 893 NOT EXCUTED

16/09/15 TECHM FUTURE SELL 545-550 540-533 555.25 SL TRIGGERED


DAILY REPORT

21st

SEPT. 2015


NEXT WEEK'S U.S. ECONOMIC REPORTS

ECONOMIC CALENDAR

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Disclaimer

TIME REPORT PERIOD ACTUAL CONSENSUS

FORECAST PREVIOUS

MONDAY, SEP. 21

10 AM EXISTING HOME SALES AUG. -- 5.59 MLN

TUESDAY, SEP. 22

9 AM FHFA HOME PRICE INDEX JULY -- 0.2%

WEDNESDAY, SEP. 23

9:45 AM MARKIT PMI FLASH READING SEPT. -- 53.0

THURSDAY, SEP. 24

8:30 AM WEEKLY JOBLESS CLAIMS SEPT. 19 N/A N/A

8:30 AM DURABLE GOODS ORDERS AUG. -- 2.2%

10 AM NEW HOME SALES AUG. -- 507,000

FRIDAY, SEP. 25

8:30 AM GDP REVISION 2Q -- 3.7%

10 AM CONSUMER SENTIMENT SEPT. -- 85.7


Epic research special report of 21 sep 2015

Business

Transcript of Epic research special report of 21 sep 2015