Epic research special report of 24 sep 2015

DAILY REPORT

24th

SEPT. 2015

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance European stocks closed little changed in volatile trade on Wednesday, with a rebound in automakers led by Volks-wagen and gains in travel stocks offset by weaker banks. The pan-European FTSEurofirst 300 index ended 0.02% higher, giving up earlier gains as Wall Street declined. Some investors were taking advantage of recent share price falls and finding value in some stocks. Among national indexes, Germany's DAX rose 0.44% while Spain's IBEX fell 0.79%. Asian shares got off to a cautious start on Thursday after more dour economic news in China and the US prompted a bruising selloff the previous day. Worries that an eventual tightening in U.S. monetary policy and slower growth in China could knock the global economy have scared off in-vestors. MSCI's broadest index of Asia-Pacific shares out-side Japan was up a touch in early trade after having posted their biggest single-day fall in almost a month the previous day. Nikkei average, opening for 1st time since Friday after national holidays, tumbled 1.6%, edging near its 7-month low touched earlier this year. Wall Street also lost ground on Wednesday, dragged down by economic reports portraying U.S. factory growth as tepid and China in its worst manufacturing contraction since the global financial crisis. Previous day Roundup Late surge helped market recovered yesterday's losses par-tially. The Sensex ended up 171.15pts or 0.7% at 25822.99. The Nifty below 7850 ahead of September F&O expiry to-morrow. About 1533 shares advanced, 1139 shares de-clined and 105 shares were unchanged. The market managed to see recovery in later part of the session on Wednesday ahead of expiry of Nifty September derivative contracts. Equity benchmarks fell 1% in morning trade on weakness in Asian peers after weak Chinese data, but positive European cues helped Indian equities rebound sharply in afternoon trade. The broader markets too gained in line with benchmarks; the BSE Midcap and Smallcap indi-ces advanced 0.5 percent and 0.7%, respectively. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 172.48pts], Capital Goods [down 69.35pts], PSU [up 38.88pts], FMCG [up 34.92pts], Realty [up pts], Power [up pts], Auto [up 3.12Pts], Healthcare [up 121.55Pts], IT [up 40.29pts], Metals [up 6.98pts], TECK [down 1.67pts], Oil& Gas [up 86.18pts].

World Indices

Index Value % Change

D J l 16279.89 -0.31

S&P 500 1938.76 -0.20

NASDAQ 4752.74 -0.08

FTSE 100 6032.24 +1.62

Nikkei 225 17643.27 -2.36

Hong Kong 21163.31 -0.66

Top Gainers

Company CMP Change % Chg

CAIRN 148.75 7.10 5.01

VEDL 95.35 3.00 3.25

LUPIN 1,929.00 57.40 3.07

KOTAKBANK 662.00 19.30 3.00

BPCL 883.80 22.40 2.60

Top Losers


NMDC 98.25 4.10 -4.01

BOSCHLTD 20,225.00 683.60 -3.27

POWERGRID 128.50 2.50 -1.91

TATAMOTORS 310.20 5.60 -1.77

IDEA 141.15 2.45 -1.71

Stocks at 52 Week’s HIGH

Symbol Prev. Close Change %Chg

COALINDIA 328.10 4.50 1.39

HINDALCO 73.00 -0.20 -0.27

M&MFIN 233.95 1.85 0.80

TATACHEM 376.75 -5.45 -1.43

TITAN 321.00 2.15 0.67

Indian Indices


NIFTY 7845.95 +33.95 +0.43

SENSEX 25822.99 +171.15 +0.67

Stocks at 52 Week’s LOW

Symbol Prev. Close Change %Chg

DISHMAN 310.40 46.20 17.49

FRLDVR 97.50 0.25 0.26

GMBREW 437.30 39.75 10.00

GRANULES 138.20 10.45 8.18

HUBTOWN 129.70 3.05 2.41

http://www.epicresearch.co/

DAILY REPORT

24th

SEPT. 2015


STOCK RECOMMENDATION [CASH] 3. GRANULES [CASH]

Last trading session GRANULES made all time high of 138.85 given close at 137.55 with gain of 7.60% since vol-ume also rose as compare to last session and in AUGUST it correct around 134 so it given breakout above 134 so buy it above 139 for target of 141-144-147 use stop loss of 134 MACRO NEWS L&T to sell assets, dilute stake in non-core biz: Chairman

Dishman Pharma to make TB drug exclusively for J&J

Iran offers gas at $2.95, India to invest Rs 1L cr. India, US to deepen ties

Microfinance companies may need Rs 2,000-crore in do-mestic equity to clear licence hurdles

Mobile marketing budget likely to rise by 25%: Study

Odisha rail project for faster coal movement to be ready by July 2016

Aarti Industries gets Bombay, Gujarat High Court nod for amalgamation scheme

Steel makers drop discounts after 20% safeguard duty

Centre wants rabi harvest to double, will encourage farmers to sow more

RBI Releases Draft Framework For External Commercial Borrowings

Elder Pharma To Consider Proposal For Sale Of Step Down Overseas Arms On September 28

Maruti Suzuki Says Sales Of Auto Gear Shift Technology Vehicles Cross 50,000 Units

Coal India OFS: Govt Extends Bid Submission Date For Merchant Bankers Till October 14

Cadila Health sets October 7 as record date for stock split REC inks 2 MoUs with Andhra utilities to provide `9,000 cr loan

PFC eyes `700 cr via tax free bonds

Power Grid Board Approves Investment Proposal Worth `133.71 Cr

Aban Offshore plans to shed debt by 10% every year

STOCK RECOMMENDATIONS [FUTURE] 1. ASIAN PAINT [FUTURE]

ASIANPAINT Future again respect to support of 786 it cross 800 level but could not sustain above this level and end at 796 with doji candle on EOD chart, RSI also near to over sold zone so we may see some consolidation around 790 so buy it around 790 use stop loss of 777 for target of 800-815. 2. UBL [FUTURE]

UBL Future faced selling pressure on rise for that it finished with loss of 0.81% on EOD chart it create gravestone doji which is showing more weakness while below 829 it will give breakdown of triangle pattern so sell it below 828 for target of 818 805 790 use stop loss of 842.


DAILY REPORT

24th

SEPT. 2015


FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 7,900 17.75 17,45,309 35,45,825

NIFTY CE 7,800 74.50 16,56,884 28,48,375

BANKNIFTY CE 17,500 30.90 1,58,720 5,86,650

RELIACNE CE 240 2.50 9,812 33,49,000

LUPIN CE 860 3.50 5,841 7,49,750

SBIN CE 75 0.80 4,982 23,00,000

SUNPHARMA CE 1,500 12.80 4,946 86,250

HINDUNILVR CE 90 1.55 4,356 43,96,000

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 7,700 4.55 17,94,237 39,75,725

NIFTY PE 7,800 16.00 17,45,251 46,68,925

BANKNIFTY PE 17,000 22.95 1,92,106 7,39,550

AXISBANK PE 500 1.20 5,477 7,65,000

LT PE 1,450 2.40 3,581 76,750

RELIANCE PE 840 2.90 3,400 3,33,000

SBIN PE 240 1.60 3,395 10,50,000

YESBANK PE 720 2.10 3,266 3,52,750

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 247297 5889.85 253285 5716.99 1514734 32691.9 172.8672

INDEX OPTIONS 1494886 33899.4 1486752 33924.6 4239805 101232 -25.2157

STOCK FUTURES 640196 16174.8 651432 16437.8 2043896 51667.4 -262.996

STOCK OPTIONS 43223 1005.46 43897 1027.54 95816 2352.09 -22.077

TOTAL -137.42

STOCKS IN NEWS Adani eyes 20% growth in Rs 20K crore agro biz; to ex-

pand portfolio Suzlon bags 105 MW turnkey contracts from SMEs,

PSUs IGL provided 1 lakh new piped gas connections in FY15 Godrej Security eyes 40% sales growth to Rs 170cr this

year Pidilite eyes Rs 900cr from construction chemical divi-

sion L&T to sell assets, dilute stake in non-core businesses SKS Microfinance lowers lending rate by 1.25% for new

disbursals NIFTY FUTURE

The Index managed to see recovery in later part of last trading session ahead of expiry. Nifty Future has resis-tance around 7950 and hourly and daily charts show fur-ther uptrend in Nifty. So we advise you to buy Nifty Fu-ture around 7850 for targets of 7930 and 8050 with strict stop loss of 7700.

INDICES R2 R1 PIVOT S1 S2

NIFTY 7,977.00 7,911.00 7,817.00 7,751.00 7,657.00

BANK NIFTY 18,459.00 17,857.00 17,308.00 16,706.00 16,157.00


DAILY REPORT

24th

SEPT. 2015


RECOMMENDATIONS

GOLD

TRADING STRATEGY:

BUY GOLD OCT ABOVE 26500 TGTS 26580,26670 SL BE-

LOW 26400

SELL GOLD OCT BELOW 26400 TGTS 26320,26230 SL

ABOVE 26500

SILVER

TRADING STRATEGY:

BUY SILVER DEC ABOVE 35600 TGTS 35800,36100 SL BE-

LOW 35300

SELL SILVER DEC BELOW 35200 TGTS 35000,34700 SL

ABOVE 35550

COMMODITY ROUNDUP

Gold remained locked in a sideways trend today as declines over last two days were followed by steady bargain buying though the gains were limited. Global investors remain skeptical about the Chinese economic scenario but recent declines are triggering good value buying as well. Stocks edged up in Europe and COMEX Gold failed to extend its gains above $1130 per ounce mark, reverting back to trade at $1129 per ounce, up 0.37% on the day right now. MCX Gold futures also mimicked these moves, currently trading at Rs 26350per 10 grams, up 0.43% on the day. The counter had tested lows under Rs 26200 mark yesterday.

Copper recovered lost ground on bottom fishing after cracks emerging last evening. It will be interesting to see the trades emerging in the evening session. The prices tested a high of Rs 343.20 per kg, when last checked the metal was trading at Rs 343 per kg. The data from Chinese PMI re-mained week and it is expected that the continuation of bottom fishing rally will be short lived. The preliminary Caixin China manufacturing purchasing managers' index (PMI) fell to a six-and-a-half-year low of 47.0 in September, below the 47.5 forecast. The refined copper balance for the first half of 2015, including revisions to data previously pre-sented, indicates a production surplus of around 20,000 tonnes (and a seasonally adjusted surplus of 91000 tonnes). This compares with a production deficit of 576,000 tonnes

WTI Crude oil futures rallied more than 1% in intraday moves, recovering from their intraday lows following a sharp recovery in the European stock markets and a drop in the US crude oil inventories. It had eased in the Asian trades as equities slipped across the board following the drop in Chinese manufacturing PMI. However, good gains emerged in European stocks and bargain buying emerged in WTI Crude after prices neared $46per barrel mark. The counter currently trades at $46.72 per barrel, up 0.75% on the day. MCX Crude oil futures are trading at Rs 3105 per barrel, up 2.44% on the day. The stocks in Europe are up around 1% on the day after enduring steep losses in last session.

Oil drifted lower in Asia amid continued worries over the Chinese economic health. China manufacturing sector con-tinued to contract at a faster rate in September with a78-month low PMI score of 47.0, the latest survey from Caixin showed on Wednesday. That was down from 47.3 in Au-gust, and it moves further beneath the boom-or-bust line of 50that separates expansion from contraction. In all, the manufacturing PMI has contracted in 7 straight months.


DAILY REPORT

24th

SEPT. 2015


NCDEX

NCDEX ROUNDUP The exemption given to stocks limits on pulses and edible oil in warehouses registered with WDRA has also been with-drawn. It has come to the notice of the Government that huge stocks of pulses have been stored in several go-downs by private entities. In view of the tight supply situation of pulses, it was considered necessary to withdraw the exemp-tion to stocks held in warehouses registered with WDRA also. By this decision of Govt, stocks stored in all go-downs, including those registered with WDRA would be on a level-playing field and subjected to the same stock limits imposed by State Govts. This would increase the availability of pulses in the market and is likely to cool down prices further. A late flourish in the monsoon has resulted in widespread rainfall in central and western states over last few days. This has reduced the overall monsoon deficiency to 13% in the country, although several parts are still reeling under acute water shortage. According to the IMD, the overall monsoon deficiency which was around 16% until last week has now dropped by 3%. The east and northeast India has witnessed a deficiency of seven per cent, followed by 13% in Central India. The southern peninsula has recorded a deficiency of 15% while the northwest is staring at a deficiency of 19 per cent, which is highest in the country The central govt says it plans to raise production at least two-fold in the coming rabi season. The focus will be on more sowing, primarily in the Gangetic plain and the north-east states. And, to explore the possibility of a buffer stock of 1-1.5mn tonnes, equal to a month of consumption. India annually produces 18-19mt. The crop is cultivated 3 times a year, starting January — kharif, late kharif and rabi. Annual sowing is one to two mn hectares. Around 60-65% of the total production or 11-13 mt is during the rabi season.

NCDEX INDICES

Index Value % Change

CAETOR SEED 4186 -0.07

CHANA 4518 +1.96

CORIANDER 11100 -0.18

COTTON SEED 1535 -0.90

GUAR SEED 3706 -1.20

JEERA 15945 -0.28

MUSTARDSEED 4221 -0.12

REF. SOY OIL 575.2 +0.55

TURMERIC 7390 -3.12

WHEAT 1551 +0.06

RECOMMENDATIONS

DHANIYA

BUY CORIANDER OCT ABOVE 11250 TARGET 11277 11357

SL BELOW 11223

SELL CORIANDER OCT BELOW 11060 TARGET 11033 10953

SL ABOVE 11087

GUARSGUM

BUY GUARGUM OCT ABOVE 8260 TARGET 8310 8380 SL

BELOW 8200

SELL GUARGUM OCT BELOW 8000 TARGET 7950 7880 SL

ABOVE 8060


DAILY REPORT

24th

SEPT. 2015


RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 65.9696 Yen-100 54.9200

Euro 73.3780 GBP 101.1908

CURRENCY

USD/INR

BUY USD/INR SEP ABOVE 66.15 TARGET 66.28 66.43 SL BE-

LOW 65.95

SELL USD/INR SEP BELOW 65.96 TARGET 65.83 65.68 SL

ABOVE 66.16

EUR/INR

BUY EUR/INR SEP ABOVE 73.9 TARGET 74.05 74.25 SL BE-

LOW 73.7

SELL EUR/INR SEP BELOW 73.28 TARGET 73.13 72.93 SL

ABOVE 73.48

CURRENCY MARKET UPDATES: India’s rupee declined for a third day as a selloff in riskier assets deepened amid concern over Asia’s growth outlook. Regional currencies slumped Wednesday with most equity markets retreating after a preliminary gauge of Chinese manufacturing sank to the lowest level since 2009. The rupee weakened 0.2 percent to 65.9875 a dollar in Mumbai. The yield on India’s 10-year sovereign bonds was unchanged at 7.72 percent, according to prices from the Reserve Bank of India’s trading system. It has declined 14 basis points this quarter. The US dollar regained back from early lows against a bas-ket of currencies on Wednesday, as the greenback re-mained broadly supported by hopes for a U.S. rate hike before the end of the year. The dollar index, which meas-ures the greenback's strength against a trade-weighted basket of six major currencies, is currently at 96.62, close to the one-month highs of 96.65 reached earlier in the day. The dollar remained supported after comments by some Fed officials Monday night indicated that a U.S. rate hike is still on the cards this year. St. Louis Fed President James Bullard and Atlanta Fed President Dennis Lockhart indi-cated in separate remarks that the U.S. central bank is still likely to raise short-term interest rates this year. Investors were looking ahead to a speech by Fed Chair later in the week for additional clarity on the bank's decision last week to leave interest rates on hold. The European unit dipped to 1.1129 versus the greenback, but held off a two-and-a-half week low of 1.1105 hit earlier in the session. Germany's manufacturing PMI fell to 52.5 in Sept from 53.3 the previous month, while the services PMI ticked down to 54.3 from 54.9. France's manufacturing PMI ticked up to 50.4 this month from 48.3 in August, while the services PMI rose to 51.2 from 50.6. For the en-tire euro zone, the composite PMI, which includes both manufacturing activity and services, slipped to 53.9 in Sep-tember, Markit reported, from a reading of 54.3 in August.

As against the pound, the dollar was higher with GBP/USD down 0.35% at 1.5307. The dollar was steady against the yen, with USD/JPY at 120.13.


DAILY REPORT

24th

SEPT. 2015


CALL REPORT

S T O

PERFORMANCE UPDATES

Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

23/09/15 NCDEX DHANIYA OCT. BUY 11250 11277-11357 11223 NOT EXECUTED

23/09/15 NCDEX DHANIYA OCT. SELL 11050 11023-10943 11077 NOT EXECUTED

23/09/15 NCDEX GUARGUM OCT. BUY 8270 8320-8390 8210 NOT EXECUTED

23/09/15 NCDEX GUARGUM OCT. SELL 8000 7950-7880 8060 BOOKED PROFIT

23/09/15 MCX GOLD OCT. BUY 26300 26380-26470 26200 BOOKED FULL PROFIT

23/09/15 MCX GOLD OCT. SELL 26200 26120-26030 26300 NOT EXECUTED

23/09/15 MCX SILVER DEC. BUY 35300 35500-35800 35000 BOOKED FULL PROFIT

23/09/15 MCX SILVER DEC. SELL 35000 34800-34500 35300 NOT EXECUTED

23/09/15 USD/INR SEPT. BUY 66.05 66.18-66.33 65.85 NO PROFIT NO LOSS

23/09/15 USD/INR SEPT. SELL 65.61 65.48-65.33 65.81 NOT EXECUTED

23/09/15 EUR/INR SEPT. BUY 73.91 74.06-74.26 73.71 NOT EXECUTED

23/09/15 EUR/INR SEPT. SELL 73.30 73.15-72.95 73.50 NOT EXECUTED

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

23/09/15 NIFTY FUTURE SELL 7820 7750-7650 7950 CALL OPEN

23/09/15 IBULHSGFIN FUTURE SELL 692 685-675 701 NOT EXECUTED

23/09/15 MOTHERSUMI FUTURE SELL 239 236-233 242.75 BOOKED FULL PROFIT

23/09/15 RUSHIL CASH BUY 219 222-227 214.90 BOOKED FULL PROFIT

22/09/15 ITC FUTURE BUY 311-313 316-319 308 BOOKED FULL PROFIT


DAILY REPORT

24th

SEPT. 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, 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 24 sep 2015

Business

Transcript of Epic research special report of 24 sep 2015