Epic research special report of 29 mar 2016

DAILY REPORT 29

th MARCH 2016

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Global markets at a glance European equities fell for a fourth straight session on Thursday, weighed down by a drop in the shares of major mining and energy companies, while fashion retailer Next also slumped. The pan-European FTSEurofirst 300 index ended down 1.5 percent on the last trading day of the week, with volumes relatively thin ahead of the Easter holi-days. It also had its secondly weekly loss in a row. The U.S. dollar rose on currency markets after St Louis Fed President James Bullard said another U.S. interest rate hike "may not be far off." However, this in turn impacted European min-ing stocks since a stronger dollar makes metals more ex-pensive for the holders of other currencies. Shares in Anglo American, Glencore, Rio Tinto all slumped, with the STOXX Europe 600 Basic Resources Index - which contains those mining stocks - down 1.6 percent. The STOXX Europe 600 Oil and Gas index also shed 1.3 percent, dragged down by a drop in Royal Dutch Shell, Total and BP, as oil prices fell. Asia markets traded mixed on Tuesday, with markets in Japan and Australia seeing losses after a mixed finish on Wall Street overnight. The Japanese Nikkei 225 was off 0.82 percent, while the Topix fell 0.77 percent. Across the Ko-rean Strait, the Kospi was higher by 0.41 percent. Austra-lia's ASX 200 retraced some of the early losses, but was still down 0.49 percent, after being closed for the Easter holi-day on Friday and Monday. Previous day Roundup Equity benchmarks started off the week on a negative note with the Nifty snapping six-day winning streak on Monday, weighed down by profit booking in metals, banks, select pharma and auto stocks. The Sensex closed below 25000-mark, down 371.16 points or 1.46 percent at 24966.40. The Nifty touched an intraday low of 7587.70, before closing down 101.40 points or 1.31 percent at 7615.10. Experts are cautious on market but they still expect the Nifty to reclaim 7800 soon despite current profit booking. The BSE Midcap and Smallcap indices too caught in bear grip, falling 1.4 per-cent and 1.65 percent, respectively. About 1941 shares de-clined against 741 advancing shares on BSE. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 401.98pts], Capital Goods [down 269.23Pts], PSU [down 81.99pts], FMCG [down 62.29Pts], Realty [down 53.55pts], Power [down 10.92pts], Auto [down 258.10Pts], Healthcare [down 301.29Pts], IT [down 54.62pts], Metals [down 299.41Pts], TECK [down 42.90pts], Oil& Gas [down 30.50pts].

World Indices

Index Value % Change

D J l 17535.39 +0.11

S&P 500 2037.05 +0.05

NASDAQ 4766.79 -0.14

FTSE 100 6106.48 -1.49

Nikkei 225 17040.98 -0.55

Hong Kong 20292.01 -0.26

Top Gainers

Company CMP Change % Chg

POWERGRID 139.90 2.45 1.78

KOTAKBANK 671.25 11.30 1.71

BOSCHLTD 20,515.00 297.50 1.47

NTPC 128.75 1.40 1.10

BPCL 876.45 7.95 0.92

Top Losers


VEDL 87.75 9.10 -9.40

HINDALCO 83.60 7.70 -8.43

TATASTEEL 299.95 17.25 -5.44

SUNPHARMA 810.85 35.35 -4.18

SBIN 188.70 7.90 -4.02

Stocks at 52 Week’s HIGH

Symbol Prev. Close Change %Chg

ASHOKLEY 104.90 -1.10 -1.04

BAJFINANCE 6,696.00 -178.20 -2.59

GALLISPAT 485.70 9.65 2.03

INFY 1,209.00 1.20 0.10

TVSMOTOR 316.80 7.35 2.38

Indian Indices


NIFTY 7615.10 -101.40 -1.31

SENSEX 24966.40 -371.16 -1.46

Stocks at 52 Week’s LOW

Symbol Prev. Close Change %Chg

ESSDEE 114.75 -12.70 -9.96

GLOBOFFS 206.00 -18.50 -8.24

J&KBANK 60.70 0.00 0.00

LUPIN 1,490.50 -33.65 -2.21

MONTECARLO 357.10 -12.85 -3.47

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DAILY REPORT 29

th MARCH 2016


STOCK RECOMMENDATION [CASH] 3. GATI

We saw selling pressure in last session for that most of the shares finished around 3-5% loss where GATI also broke support of 106.75 and closed at 105.55 since it create bot-tom near 97-98 so buy it around 98-99 with stop loss of 96 for target of 103 109 115. MACRO NEWS Global M&A deals at $701.5 bn in Q1; down 25%:

Dealogic Tata Sons to hike AirAsia India stake to 49% Biocon jumps 5% on Japan approval for insulin Glargine MFs log 1st outflow in 21-months; invest Rs 70,000 cr in

FY16 Capital goods policy good, but targets aggressive: Credit

Suisse

Steel Strips Wheels bags 15-million euro order from PSA Peugeot Citroen

ICRA estimates stress to remain in the banking sector for FY17\

ICICI, SBI and other banks take the battle to mobile wal-let players.

Consumer electronics body forms separate council for mobile industry

RBI announces private placement of special securities under UDAY

Two fuel linkage projects facing delays: Coal Ministry

Govt to rate mines based on sustainable development practices

US hikes anti-dumping duty on Indian shrimps, exports may fall

Oil prices fall as concerns rise over rally petering out

STOCK RECOMMENDATIONS [FUTURE] 1. BHARATFORGE [FUTURE]

After giving smart bounce from 800, BHARATFORGE over it’s rally around 900 in last session after making high of 898 we saw sharp profit booking for that it finished with bearish can-dle at cmp 878 for that it will be good to sell around 885 with stop loss of 901 for target of 865 840 2. JUSTDIAL [FUTURE]

With fall of market JUSTDIAL Future also loosed all intraday gain in opening time it was 5-6 per cent strong but as the selling pressure increase into market it became down and closed flat with Gravestone doji candle so we advise to sell it below 728 for target of 720 710 700 with stop loss of 735.


DAILY REPORT 29

th MARCH 2016


FUTURE & OPTION

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 7,700 24.95 5,43,117 65,22,225

NIFTY CE 7,900 1.55 2,11,633 26,21,625

BANKNIFTY CE 16,000 38.05 1,42,501 10,06,260

SBIN CE 195 0.95 5,020 33,10,000

RELIANCE CE 1,040 4.60 4,341 10,52,500

MARUTI CE 3,800 4.50 3,614 1,55,750

TATASTEEL CE 310 1.60 3,575 19,30,000

YESBANK CE 860 4.90 3,329 4,79,500

MOST ACTIVE PUT OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 7,600 21.55 5,10,688 49,16,025

NIFTY PE 7,700 65.90 4,34,608 30,26,250

BANKNIFTY PE 15,500 54.55 1,02,719 5,29,200

SBIN PE 190 3.20 3,525 23,68,000

TATASTEEL PE 300 4.10 3,040 17,92,000

RELAINCE PE 1,020 7.50 2,969 4,17,000

INFY PE 1,200 7.00 2,658 2,27,500

TATASTEEL PE 310 10.05 2,591 7,52,000

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 64464 3582.68 66705 3743.60 327277 18181.72 -160.92

INDEX OPTIONS 535419 29675.33 540929 29970.51 1539694 86466.17 -295.18

STOCK FUTURES 310624 14507.19 348730 16294.61 1064647 48796.95 -1787.42

STOCK OPTIONS 59075 2852.15 62951 3048.70 100813 4636.71 -196.55

TOTAL -2440.07

STOCKS IN NEWS

GVKpower divest 33% in BIAL to Fairfax for Rs 2,149cr

HCC bags orders worth Rs 623 crore for hydro power, tunneling sectors

Biocon gets nod to sell its diabetes product 'Insulin Glargine' in Japan

Glenmark Pharmaceuticals gets two ANDA approvals from USFDA

Dr Reddy's signs US licensing agreement with XenoPort

Kirloskar Group sells stake in Sakra Hospital NIFTY FUTURE

We saw selling pressure in previous session in first half Nifty was range bound but in second half Nifty faced strong selling and again respect support of 7610 since we saw sharp bounce above 7630 and 7590 is support level so we advise to buy around 7600 with stop loss of 7540 for target o f 7700 7800.

INDICES R2 R1 PIVOT S1 S2

BANK NIFTY 7,813.00 7,714.00 7,650.00 7,551.00 7,487.00

NIFTY 16,041.00 15,822.00 15,672.00 15,453.00 15,303.00


DAILY REPORT 29

th MARCH 2016


RECOMMENDATIONS

GOLD

TRADING STRATEGY:

BUY GOLD ABOVE 28530 TARGET 28630 28750 SL 28400

SELL GOLD BELOW 28270 TARGET 28170 28050 SL 28400

SILVER

TRADING STRATEGY:

BUY SILVER ABOVE 36900 TARGET 37100 37400 SL 36600

SELL SILVER BELOW 36450 TARGET 36250 35950 SL 36750

COMMODITY ROUNDUP

Taking weak cues from overseas markets, silver priceswere down Rs 153 to Rs 36,976 per kg in futures trade today, as participants reduced their exposure. At the Multi Commod-ity Exchange, silver for delivery in far-month July fell Rs 153, or 0.44%, to Rs 36,976 per kg, in a business turnover of six lots. Similarly, the white metal for delivery in May was trad-ing lower by Rs 150, or 0.41%, to Rs 36,519 per kg, in a busi-ness volume of 295 lots. In the international market, silver traded little changed at $15.17 an ounce in Singapore today. Traders said the fall in silver prices at futures trade was largely in line with a weak trend in precious metals in globalmarkets as a rally in dollar eroded demand for safe-haven assets. Moreover, profit-booking at existing levels weighed on the white metal prices.

MCX Copper was trading with losses at Rs 330.55 per kg, down 0.45%. The metal tested a high of Rs 333.40 per kg, and a low of Rs 329.80 per kg. Commitment of Traders (CoT) report holds significance for the prices of Copper was re-leased last week. This CoT report is expected to give direc-tion to Copper prices in near future. The activity of Mer-chants was in favor of increasing short positions for the week ending 22 March 2016. Meanwhile, decrease in long positions of Copper by Money Managers was noted in the latest report by Commitment of Traders (CoT) for the week ending 22 March 2016. Meanwhile, short positions were increased by Merchants and by Money Managers.

The long positions of Merchants were 23268 on 22 March 2016 against 24134 on 15 March 2016, while short positions increased by 1968 to 66325 on 22 March 2016 against 64357 on 15 March 2016. Overall the net positions in case of merchants are favoring shorts by 43057. Commitment of Traders showed that the long positions of Money Managers decreased by 1007. The total long positions of Copper for the one week period ending 22 March 2016 was 42807 compared to 43814 on 15 March 2016. Short position of Copper money managers increased by 62 to 19832 on 22 March 2016 against 19770 on 15 March 2016. The net posi-tions were in favor of short position holders by 22975.

According to the Germany Federal Statistical Office (Destatis) data released, in February of this year, Germany iron ore import prices fell by 29.6% year on year, an in-crease of 1.6% month on month. In February of this year, Germany steel and ferroalloy average import prices fell 14.5% year on year, down by 1.3% month on month.


DAILY REPORT 29

th MARCH 2016


NCDEX

NCDEX INDICES

Index Value % Change

CHANA 4480 +2.19

CORIANDER 7131 +2.18

COTTON SEED 2264 +1.39

GUAR SEED 3163 -0.09

JEERA 15540 +0.97

MUSTARDSEED 4140 +2.63

SOY BEAN 4064 +2.34

SUGAR M GRADE 3552 +1.20

TURMERIC 8480 -3.82

WHEAT 1547 -1.15

RECOMMENDATIONS

DHANIYA

BUY CORIANDER APR ABOVE 7187 TARGET 7232 7382 SL

BELOW 7122

SELL CORIANDER APR BELOW 7090 TARGET 7045 6895 SL

ABOVE 7155

GUARGUM

BUY GUARGUM APRIL ABOVE 5670 TARGET 5720 5790 SL

BELOW 5610

SELL GUARGUM APRIL BELOW 5470 TARGET 5420 5350 SL

ABOVE 5530

Amid strong domestic demand at spot market and re-stricted supplies from producing regions, chana prices-surged by 1.91% to Rs 4,526 per quintal in futures trade as participants widened their bets. Further, reports of damage to its crop due to recent unseasonal rains in some growing states also supported chana prices uptrend. At NCDEX, chana for delivery in May jumped Rs 85, or 1.91%, to Rs 4,526 per quintal, with an open interest of 22,230 lots. On similar lines, the commodity for delivery in April was quot-ing higher by Rs 73, or 1.67%, to Rs 4,457 per quintal in 28,200 lots. Besides strong demand in the spot market, re-stricted supplies from producing belts pushed up chana prices at the futures trade.

Crude Palm oil production will recover significantly next season in Malaysia from drought-depressed levels than in Indonesia. Output of the vegetable oil in Malaysia will, after falling for two successive seasons for the first time on data going back 50 years, recover by 1.5mt or around 7.70% in 2016-17, on an Oct-to-Sep basis, the US Department of Ag-riculture bureau in Kuala Lumpur said in a latest update. The recovery would take output to a record high of 21.0m tonnes and is indicating favorable weather patterns, given the likely passing of the El Nino weather pattern blamed for dryness which has cut output in Malaysia recently. The esti-mate foresees palm oil yield recovering to 7.62 tonnes per hectare, from the multi-year low of 7.22 tonnes per hectare set in 2015-16, while harvested area will rise by 100,000 hectgares to 4.9m hectares. Indonesian output will recover by a more modest 500,000 tonnes, to 33.5m tonnes.


DAILY REPORT 29

th MARCH 2016


RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 66.6680 Yen-100 58.7200

Euro 74.4215 GBP 94.3019

CURRENCY

USD/INR

BUY USD/INR MAR ABOVE 66.75 TARGET 66.88 67.03 SL BE-

LOW 66.55

SELL USD/INR MAR BELOW 66.56 TARGET 66.43 66.28 SL

ABOVE 66.76

EUR/INR

BUY EUR/INR MAR ABOVE 74.55 TARGET 74.7 74.9 SL BE-

LOW 74.35

SELL EUR/INR MAR BELOW 74.3 TARGET 74.15 73.95 SL

ABOVE 74.5

CURRENCY MARKET UPDATES:

The Indian rupee gained further in early trade Tuesday.

The currency has opened at 66.50 a dollar, up 8 paise

compared to 66.58 a dollar in previous session. Currency

market has been fairly rangebound in the holiday short-

ened week, with the dollar-rupee currency pair trading

between 66.50-67 per dollar, with portfolio flows pour-

ing in but well supported at lower levels, keeping the

pair in a tight range. The pair to trade in 66-67 per dollar

range in near term. US dollar weakened against a basket

of major currencies while gold rose marginally.

The US dollar was broadly higher against a basket of cur-

rencies on Monday, as investors looked ahead to U.S.

economic data and speeches by Federal Reserve officials

later in the week for further indications on the path of

interest rates. The dollar index, which measures the

greenback's strength against a trade-weighted basket of

six major currencies, touched a high of 96.42, the most

since March 16 and was last at 96.23. Trading conditions

were light, with financial markets in Europe closed for

the Easter Monday holiday.

The dollar had strengthened after an upward revision to

U.S. fourth quarter growth on Friday underpinned ex-

pectations for an interest rate increase in the coming

months. The Commerce Department fourth quarter

gross domestic product was revised up to an annualized

1.4% from last month's estimate of 1% growth. The US

was to release data on the core personal consumption

expenditures price index later in the day, which is a

closely watched indicator of inflationary pressures. The

report was to be followed by a speech from Fed Chair

Janet Yellen on Tuesday. USD/JPY was up 0.42% to

113.59. The European unit was almost unchanged, with

EUR/USD at 1.1170.


DAILY REPORT 29

th MARCH 2016


Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

28/03/16 NCDEX DHANIYA APR. BUY 6730 6775-6925 6665 NOT EXECUTED

28/03/16 NCDEX DHANIYA APR. SELL 6850 6805-6655 6915 NOT EXECUTED

28/03/16 NCDEX GUARGUM MAR. BUY 5680 5730-5800 620 NOT EXECUTED

28/03/16 NCDEX GUARGUM MAR. SELL 5510 5460-5390 5750 NO PROFIT NO LOSS

28/03/16 MCX GOLD APR. BUY 29200 29280-29380 29100 NOT EXECUTED

28/03/16 MCX GOLD APR. SELL 29000 28920-28820 29100 NOT EXECUTED

28/03/16 MCX SILVER MAR. BUY 37900 38100-38400 37600 NOT EXECUTED

28/03/16 MCX SILVER MAR. SELL 37600 37300-37000 37900 NOT EXECUTED

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

28/03/16 NIFTY FUTURE SELL 7720 7640-7550 7820 BOOKED PROFIT

28/03/16 BEL FUTURE BUY 1200 1215-1240 1185 SL TRIGGERED

28/03/16 SUNTV FUTURE SELL 367-368 364-360 370.20 BOOKED PROFIT

28/03/16 TWL CASH BUY 104 106-108 102 SL TRIGGERED


DAILY REPORT 29

th MARCH 2016


NEXT WEEK'S U.S. ECONOMIC REPORTS

ECONOMIC CALENDAR

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Disclaimer

TIME REPORT PERIOD ACTUAL CONSENSUS

FORECAST PREVIOUS

MONDAY, MARCH 28

8:30 AM ADVANCE TRADE IN GOODS FEB. -$62.4 BLN -$62.2 BLN

8:30 AM PERSONAL INCOME FEB. 0.1% 0.5%

8:30 AM CONSUMER SPENDING FEB. 0.0% 0.5%

8:30 AM CORE INFLATION FEB. 0.2% 0.3%

10 AM PENDING HOME SALES FEB. 2% -2.5%

TUESDAY, MARCH 29

9 AM CASE-SHILLER HOME PRICES JAN. -- 5.7%

10 AM CONSUMER CONFIDENCE INDEX MARCH 93.7 92.2

WEDNESDAY, MARCH 30

8:15 AM ADP EMPLOYMENT MARCH 190,000 214,000

9:45 AM CHICAGO PMI MARCH -- 47.6

THURSDAY, MARCH 31

8:30 AM WEEKLY JOBLESS CLAIMS 3/26 N/A N/A

FRIDAY, APRIL 01

8:30 AM NONFARM PAYROLLS MARCH 201,000 242,000

8:30 AM UNEMPLOYMENT RATE MARCH 4.9% 4.9%

8:30 AM AVERAGE HOURLY EARNINGS MARCH 0.2% -0.1%

10 AM ISM MANUFACTURING MARCH 50.4% 49.5%

10 AM CONSTRUCTION SPENDING MARCH -0.1% 1.5%

10 AM CONSUMER SENTIMENT MARCH 90.5 90.0

TBA MOTOR VEHICLE SALES MARCH 17.4 MLN 17.4 MLN


Epic research special report of 29 mar 2016

Business

Transcript of Epic research special report of 29 mar 2016