Epic research special report of 29 sep 2015

DAILY REPORT

29th

SEPT. 2015

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance

US stocks finished sharply lower on Monday and were on

track for their worst quarter in four years as investors wor-

ried about the health of China's economy and its potential

impact on the timing of a US interest rate increase. The

Nasdaq composite lost 3% and S&P 500 dropped more than

2%. Investors will also scrutinize Sept non-farm payrolls

data on Friday. The DJI average fell 1.92% to end at

16,001.89 points. The S&P 500 lost 2.57% to 1,881.77 and

the Nasdaq Composite dropped 3.04% to finish at 4,543.97.

European shares closed sharply lower on Monday, with

miner Glencore seeing one third of its value wiped out by

growing debt concerns and carmaker Volkswagen, which

has been hit by an emissions data scandal, extending

losses. The pan-European FTSEurofirst 300 index ended

down 2.21 percent, while the euro zone's blue-chip Euro

STOXX 50 index fell 2.37 percent, with both markets re-

treating after rising by around 3 percent on Friday.

Asian shares skidded to three-week lows and the dollar

sagged on Tuesday, after weak Chinese data rekindled wor-

ries about its fragile economy and led to sharp losses on

Wall Street. MSCI's broadest index of Asia-Pacific shares

outside Japan .MIAPJ0000PUS was down 0.7 percent in

early trading, touching its lowest levels since September 8.

Japan's Nikkei stock index tumbled 2.4 percent.

Previous day Roundup

In a late sell-off, equity benchmarks shed nearly one per-

cent with the Nifty closing below 7800 on Monday - the

first trading day of October series - as investors turned cau-

tious ahead of much awaited RBI policy. The Sensex

dropped 246.66 points or 0.95% to 25616.84 and the Nifty

plunged 72.80 points or 0.93% to 7795.70. The fall in

broader markets was less compared to benchmarks. The

BSE Midcap and Smallcap indices lost 0.2% each.

Index stats

The Market was volatile in last session. The sartorial indices

performed as follow; Consumer Durables [up 301.85pts],

Capital Goods [down 259.09pts], PSU [down 50.59pts],

FMCG [down 19.64pts], Realty [up 13.63pts], Power [down

10.54pts], Auto [down 301.20Pts], Healthcare [up

20.30Pts], IT [down 144.29pts], Metals [down 179.38pts],

TECK [down 85.01pts], Oil& Gas [down 25.69 pts].

World Indices

Index Value % Change

D J l 16001.89 -1.92

S&P 500 1881.77 -2.57

NASDAQ 4543.97 -3.04

FTSE 100 5958.86 -2.46

Nikkei 225 17155.85 -2.77

Hong Kong 20468.78 -3.39

Top Gainers

Company CMP Change % Chg

DRREDDY 4,177.90 207.65 5.23

IDEA 142.70 3.45 2.48

LUPIN 2,035.00 44.65 2.24

ADANIPORTS 307.60 5.75 1.90

POWERGRID 127.25 1.85 1.48

Top Losers


TATAMOTORS 284.65 18.75 -6.18

VEDL 91.05 4.55 -4.76

COALINDIA 307.60 10.80 -3.39

ULTRACEMCO 2,717.80 93.30 -3.32

SUNPHARMA 863.50 28.40 -3.18

Stocks at 52 Week’s HIGH

Symbol Prev. Close Change %Chg

AARTIIND 512.05 19.70 4.00

Indian Indices


NIFTY 7795.70 -72.80 -0.93

SENSEX 25614.84 -246.66 -0.95

Stocks at 52 Week’s LOW

Symbol Prev. Close Change %Chg

BHARTIARTL 327.55 -5.40 -1.62

COALINDIA 307.60 -10.80 -3.39

GUJGASLTD 518.80 -14.75 -2.76

HINDALCO 70.50 -0.90 -1.26

TATACHEM 371.90 -8.35 -2.20

TATAMOTORS 284.65 -18.75 -6.18

TATAMTRDVR 207.85 -12.85 -5.82

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DAILY REPORT

29th

SEPT. 2015


STOCK RECOMMENDATION [CASH] 3. SOBHA [CASH]

SOBHA given breakout above 256.30, in last session above 257 it sharply rose then it consolidate around high of 267 since selling arise in last one hour for that it come down & end at 262.55 so in next session it will be good to buy above 267 use stop loss of 262 for target of 281-285-290+ MACRO NEWS

RBI will announce monetary policy today after 11 a.m, and may cut repo to 4 year low; caution against inflation.

Google to provide wi-fi at 500 Indian railway stations

CARE downgrades Srei Infra, GMR Infra's Hyderabad SPV

Pared debt by Rs 1500cr; promoters stake at 69.5%:GMR Infra

Price hike reason for ban on UltraTech, Lafarge: CREDAI

Will take a call on base rate cut post RBI meet: SBI

Sebi pitches for allowing FPIs in commodities derivative mkt.

Agri-logistics firm SLCM raises Rs 100 crore from PE fund

Centre approves 7 Textile Parks in Rajasthan: Union Min-ister of State for Textile Santosh Gangwar

Indian oil refinery cos to pay first tranche of $700 mn to Iran on

Strides Arcolab to raise up to Rs 1,500 crore through market instruments

US consumer spending rises; core inflation firms slightly

India signs a $3 billion deal with Boeing to buy 22 Apache and 15 Chinook helicopters

Tata Steel bears brunt of UK industry decline

Maruti Suzuki -Hikes wages for temporary workers too

CREDAI NCR has decided to ban Shree Cement besides UltraTech Cement

Sadbhav Infrastructure to refinance 4 road projects

STOCK RECOMMENDATIONS [FUTURE]

1. [FUTURE]

In previous session market given too volatility and finished around one percent loss in that Metal index led where JIN-DALSTEL also breached around 3%, it end at 58.60 while in Sep expiry it made all time low of 57.60 then it get resis-tance at 67, since momentum indicator given negative cross over so sell it below 57.50 for target 56.50 55 53 with stop loss of 59.10.

2. BEL [FUTURE]

After split in last series BEL Future continuously making higher highs today it finished with 1.30% gain while other defense share faced selling pressure so it will be good to buy above 1185 use stop loss of 1165 for target of 1200-1220.


DAILY REPORT

29th

SEPT. 2015


FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 8,100 68.10 3,37,764 23,32,475

NIFTY CE 8,200 43.40 2,45,193 32,36,750

BANKNIFTY CE 18,000 215.00 53,724 4,06,600

TATAMOTORS CE 300 10.50 4,178 9,79,000

SBIN CE 250 7.00 3,258 17,89,000

TATAMOTORS CE 320 5.20 3,244 9,84,500

LT CE 1,500 33.05 3,121 1,96,875

IDFC CE 150 0.50 2,944 27,60,000

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 7,600 106.85 2,12,984 24,95,725

NIFTY PE 7,700 138.00 2,10,343 21,55,900

BANKNIFTY PE 17,000 460.00 33,058 3,68,625

TATAMOTOR PE 280 13.35 2,938 8,60,500

RELIANCE PE 820 17.55 2,414 2,24,250

LT PE 1,400 40.85 1,788 85,250

INFY PE 1,060 27.10 1,464 2,45,500

TATAMOTOR PE 290 18.10 2,188 3,03,000

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 36859 878.148 37686 869.489 771086 16733.9 8.6589

INDEX OPTIONS 368440 9425 303664 7719.47 1730432 54295.9 1705.531

STOCK FUTURES 76779 1960.04 77461 1935.09 1702375 42346 24.9503

STOCK OPTIONS 49887 1186.24 46627 1089.47 32107 804.394 96.7655

TOTAL 1835.90

STOCKS IN NEWS

Maruti's agitating temporary workers chalk out future strategy

Jaiprakash Power Ventures pays USD 75 million to HBPCL bondholders on sale of securities

ABB readies first phase of North-East Agra transmis-sion link to supply hydro-power

Coal India stake sale: Government extends deadline for submission of bids by bankers

Kohinoor Foods gets notice for termination of rice sup-ply pact

Crompton Greaves wins 17 million euro order from Spanish firm Gas Natural Fenosa

NIFTY FUTURE

After trading steady Nifty in yesterday trading session closed in red as expected. For tomorrow Nifty Future is advised to sell on rise around 7950 for the targets of 7850 and 7750 with strict stop loss of 8200.

INDICES R2 R1 PIVOT S1 S2

NIFTY 7,932.00 7,864.00 7,825.00 7,757.00 7,718.00

BANK NIFTY 17,498.00 17,299.00 17,186.00 16,987.00 16,874.00


DAILY REPORT

29th

SEPT. 2015


RECOMMENDATIONS

GOLD

TRADING STRATEGY:

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

LOW 26500

SELL GOLD OCT BELOW 26400 TGTS 26320,26530 SL

ABOVE 26800

SILVER

TRADING STRATEGY:

BUY SILVER DEC ABOVE 35100 TGTS 35300,35600 SL BE-

LOW 34800

SELL SILVER DEC BELOW 34800 TGTS 34600,34300 SL

ABOVE 35100

COMMODITY ROUNDUP

Crude oil futures steadied after plunging nearly 3 percent

overnight as the downbeat Chinese data fuelled fears about

global demand. Futures market traders and large oil specu-lators sharply increased their overall bullish bets in WTI oil futures last week for fifth straight weeks. The non-

commercial contracts of crude oil futures, traded by large speculators, traders and hedge funds, totaled a net position of +259,429 contracts in the data reported for September 22nd. This was a change of +20,043 contracts from the pre-

vious week's total of +239,386 net contracts for the data reported through September 15th.

MCX Gold eased today in tune with global futures. Gold dropped as traders continued to book profits after the

metal hit a four week highs last week. A break under 100

day Exponential Moving Average (EMA) hit the counter hard

today. The COMEX Gold futures currently linger around

$1130 per ounce, down 1.35% on the day. MCX Gold fu-tures for October soared above Rs 27000 per 10 grams mark last week amid hurried buying but failed to hold on above

the mark. The counter trades at Rs 26430 per 10 grams, down 1.14% on the day right now. Stocks are down around

2% on the day and DOW has opened lower by around 1%.

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. The local stock markets have been witnessing

highly volatile moves and gold is looking supported amid

such a scenario. The domestic spot prices could maintain their recent buoyancy incoming weeks.

Massive selling was seen in MCX Silver futures as weak

global cues and lack of buying in local markets hurt the sen-timents. MCX Silver futures broke under Rs 36000 per kg mark and took a tumble in afternoon as global Silver

crashed amid an overwhelming correction in global com-modities market. COMEX Silver plummeted near its two week low and currently trades at $14.68 per ounce, down

2.80% on the day. Global crude oil and copper futures also

plummeted along with equities as Chinese economic wor-ries rattled the investors. Profits at China's major industrial

companies saw their biggest declines in four years last

month. Profits at a range of large firms declined by almost

9% last month compared to the same period in 2014.


DAILY REPORT

29th

SEPT. 2015


NCDEX

NCDEX ROUNDUP Exports of rubber products, which have been growing at a healthy double digit rates for about two decades, have seen the growth rate dwindle in the last three financial years. This is a cause of concern as rubber is a sunrise sector and the potential for exports is immense notwithstanding the economic slowdown in some of the export markets. Accord-ing to Capexil data, the exports of rubber prod-ucts increased 5% in FY15 to $2.82bn from $2.74bn in FY14. The increase in exports was boosted by non-tyre rubber products manufactured largely by around 5,500 rubber MSMEs. In the 2015-16 sugar season that starts next month, produc-tion is estimated to be a million tonnes less than the earlier estimate of 28 mt due to poor rain in Maharashtra, the country’s biggest producing state, and in Karnataka. Stocks of some big sugar companies went up in anticipation of some support to prices. According to ISMA, production in 2015-16 in Maharashtra is now estimated at nine mt, down from the earlier estimate of 9.7 mt. In Karnataka, the esti-mate is 4.6 mt, down from this year’s estimate of five mt. However, in UP, output in 2015-16 is expected to be better than previous estimate, done in July. Isma said state was estimated to produce around 7.5 mt in 2015-16, up from 7.35 mt earlier. Domestic prices have been falling for a year. The first tranche of 1,792 tonnes of tur dal arrived last week, the first import of pulses in about last four years, which will help boost domestic supplies and check rising retail prices. While, the first consignment of urad dal will reach by October 20 and onions by October 3. Now, im-ported tur dal is being allocated to states as per their re-quests. The remaining 5,000 tonnes of tur, already ordered for import, is expected to reach by October 1.

NCDEX INDICES

Index Value % Change

CAETOR SEED 4076 -2.84

CHANA 4819 +3.99

CORIANDER 11250 +0.41

COTTON SEED 1539 -0.45

GUAR SEED 3692 -0.16

JEERA 15855 -1.06

MUSTARDSEED 4444 +3.45

REF. SOY OIL 605.5 +1.87

TURMERIC 7494 +1.13

WHEAT 1559 +0.52

RECOMMENDATIONS

DHANIYA

BUY CORIANDER OCT ABOVE 11333 TARGET 11360 11440

SL BELOW 11306

SELL CORIANDER OCT BELOW 11185 TARGET 11158 11078

SL ABOVE 11212

GUARSGUM

BUY GUARGUM OCT ABOVE 8230 TARGET 8280 8350 SL

BELOW 8170

SELL GUARGUM OCT BELOW 7910 TARGET 7860 7790 SL

ABOVE 7970


DAILY REPORT

29th

SEPT. 2015


RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 66.0805 Yen-100 54.9200

Euro 73.8119 GBP 100.3168

CURRENCY

USD/INR

BUY USD/INR OCT ABOVE 66.5 TARGET 66.63 66.78 SL BE-

LOW 66.3

SELL USD/INR OCT BELOW 66.34 TARGET 66.21 66.06 SL

ABOVE 66.54

EUR/INR

BUY EUR/INR OCT ABOVE 74.4 TARGET 74.55 74.75 SL BE-

LOW 74.2

SELL EUR/INR OCT BELOW 74.19 TARGET 74.04 73.84 SL

ABOVE 74.39

CURRENCY MARKET UPDATES:

The Indian rupee on Monday strengthened against the US

dollar ahead of Reserve Bank of India’s key bi-monthly pol-

icy due on Tuesday. The home currency closed at 66.05 per

dollar, up 0.17% from its previous close of 66.16. The ru-

pee opened the session at 66.08 and touched a high and a

low of 66.01 and 66.15, respectively in intra-day trade.

RBI is widely expected to cut interest rates by 25 basis

points on 29 September in response to softer-than-

expected inflation data and subdued growth indicators.

The US Federal Reserve’s decision to hold interest rates

steady has also given the Indian central bank a window to

cut rates without risking market volatility, say economists.

Since the beginning of this year, the rupee has lost 4.7%,

while foreign institutional investors have bought $3.86 bil-

lion from the local equity market and $6.07 billion from the

bond market.

Most Asian currencies closed mixed. The Malaysian ringgit

was down 0.84%, Thai baht 0.43%, Taiwan dollar 0.24%,

Singapore dollar 0.16%, However, Japanese yen was up

0.32%, China offshore 0.29%, Indonesian rupiah 0.13%,

while China Renminbi added 0.1%.

The yield on the benchmark US 10-year note stood at

2.098 percent, not far from its US close of 2.095 percent on

Monday. The dollar was down about 0.2 percent against its

Japanese counterpart at 119.73 yen, well below Friday's

high of 121.24.

The euro slipped about 0.2 percent to 134.55 yen. The

euro edged down about 0.1 percent to USD 1.1232, but

remained well above a low of USD 1.1116 touched on Fri-

day. On Wednesday, a flash estimate of annual euro zone

inflation is expected to show a zero reading in September.

The dollar index .DXY slipped about 0.1 percent to 95.984,

extending the previous session's 0.4 percent drop.


DAILY REPORT

29th

SEPT. 2015


CALL REPORT

PERFORMANCE UPDATES

Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

28/09/15 NCDEX DHANIYA OCT. BUY 11300 11327-11407 11273 BOOKED PROFIT

28/09/15 NCDEX DHANIYA OCT. SELL 11150 11123-11043 11177 NOT EXECUTED

28/09/15 NCDEX GUARGUM OCT. BUY 8070 8120-8190 8010 BOOKED FULL PROFIT

28/09/15 NCDEX GUARGUM OCT. SELL 7900 7850-7780 7960 NOT EXECUTED

28/09/15 MCX GOLD OCT. BUY 26900 26980-27070 26800 NOT EXECUTED

28/09/15 MCX GOLD OCT. SELL 26700 26620-26530 26800 BOOKED FULL PROFIT

28/09/15 MCX SILVER DEC. BUY 36300 36500-36800 36000 NOT EXECUTED

28/09/15 MCX SILVER DEC. SELL 36000 35800-35500 36300 BOOKED FULL PROFIT

28/09/15 USD/INR SEPT. BUY 66.30 66.43-66.58 66.10 NOT EXECUTED

28/09/15 USD/INR SEPT. SELL 66.10 65.97-65.82 66.30 NO PROFIT NO LOSS

28/09/15 EUR/INR SEPT. BUY 74.14 73.99-73.79 74.34 NOT EXECUTED

28/09/15 EUR/INR SEPT. SELL 74.50 74.65-74.85 74.30 BOOKED PROFIT

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

28/09/15 NIFTY FUTURE SELL 7950 7850-7750 8200 NOT EXECUTED

28/09/15 ONGC FUTURE SELL 231-233 228-226 238 NOT EXECUTED

28/09/15 GAIL FUTURE BUY 285-288 292-296 281 NOT EXECUTED

28/09/15 BHARAT FORGE CASH SELL 892 882-872 904 BOOKED PROFIT

28/09/15 NIFTY FUTURE BUY 7850 7930-8050 7700 BOOKED PROFIT


DAILY REPORT

29th

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. 28

8:30 AM PERSONAL INCOME AUG. 0.4% 0.4%

8:30 AM CONSUMER SPENDING AUG. 0.3% 0.3%

8:30 AM CORE INFLATION AUG. 0.1% 0.1%

10 AM PENDING HOME SALES AUG. -- 0.5%

TUESDAY, SEP. 29

8:30 AM TRADE IN GOODS DEFICIT AUG. N/A -$59.1 BLN

9 AM CASE-SHILLER HOME PRICE INDEX JULY -- -0.1%

10 AM CONSUMER CONFIDENCE INDEX SEPT. 94.5 101.5

WEDNESDAY, SEP. 30

8:15 AM ADP EMPLOYMENT SEPT. -- 190,000

9:45 AM CHICAGO PMI SEPT. -- 54.5

THURSDAY, OCT. 01

8:30 AM WEEKLY JOBLESS CLAIMS SEPT. 26 N/A N/A

9:45 AM MARKIT PMI SEPT. -- 53.0

10 AM ISM SEPT. 51.1% 51.1%

10 AM CONSTRUCTION SPENDING AUG. 0.8% 0.7%

TBA MOTOR VEHICLE SALES SEPT. 17.4 MLN 17.7 MLN

FRIDAY, OCT. 02

8:30 AM NONFARM PAYROLLS SEPT. 190,000 173,000

8:30 AM UNEMPLOYMENT RATE SEPT. 5.1% 5.1%

8:30 AM AVERAGE HOURLY EARNINGS SEPT. 0.1% 0.3%

10 AM FACTORY ORDERS AUG. N/A 0.4%


Epic research special report of 29 sep 2015

Business

Transcript of Epic research special report of 29 sep 2015