Epic research special report of 6 jan 2016

DAILY REPORT

06th

JAN. 2016

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance

Asian stocks fell on Wednesday as Beijing continued guid-

ing the yuan lower and a survey pointed to weakness in

China's services sector, while the Japanese yen drew sup-

port from risk aversion. Talk of a possible nuclear test in

North Korea further soured sentiment in Asia. South Ko-

rea's KOSPI .KS11 and the won KRW= both lost about 0.6

percent.

U.S. Stock futures ESc1 fell more than one percent in Asian trade

on Wednesday and the MSCI emerging equity index fell to 6 1/2-

year low on a worrying news on the Chinese economy and North

Korean security.

Previous day Roundup

The domestic equity market traded range-bound on Tues-

day, tracking mixed cues from other Asian and European

markets. While the Chinese state authorities intervened to

ease the panic in the market, the volatility in stocks kept

investors nervous, hampering initiation of fresh positions

on the benchmarks. The S&P BSE Sensex lost 43 points, or

0.17 per cent, to close the day at 25,580. Nifty50, the 50-

stock barometer, closed at 7,785, down 6.69 points, or 0.1

per cent. The broader market outperformed the bench-

mark indices with the BSE midcap and small cap indices

ending the day 0.56 and 0.79 per cent higher, respectively.

Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up pts], Capital Goods [down Pts], PSU [down pts], FMCG [up Pts], Realty [up 18.66pts], Power [up 5.76pts], Auto [down Pts], Healthcare [down Pts], IT [down pts], Metals [up Pts], TECK [down pts], Oil& Gas [down pts].

World Indices

Index Value % Change

D J l 17158.66 +0.06

S&P 500 2016.71 +0.20

NASDAQ 4891.43 -0.24

FTSE 100 6137.24 +0.72

Nikkei 225 18151,77 -1.21

Hong Kong 20,976.46 -1.00

Top Gainers

Company CMP Change % Chg

TATASTEEL 272.70 15.80 6.15

VEDL 92.20 3.25 3.65

GAIL 370.75 10.95 3.04

ASIANPAINT 901.40 20.60 2.34

HINDALCO 82.60 1.85 2.29

Top Losers


PNB 110.60 2.20 -1.95

BANKBARODA 148.30 2.90 -1.92

POWERGRID 138.75 2.20 -1.56

COALINDIA 325.10 5.10 -1.54

HINDUNILVR 846.55 12.45 -1.45

Stocks at 52 Week’s HIGH

Symbol Prev. Close Change %Chg

ARVIND 360.60 13.50 3.89

BIOCON 535.00 0.80 0.15

ESSAROIL 259.50 1.05 0.41

IGL 550.30 31.05 5.98

RELINFRA 611.50 11.55 1.93

Indian Indices


NIFTY 7787.40 -3.90 -0.05

SENSEX 25580 -43.01 -0.17

Stocks at 52 Week’s LOW

Symbol Prev. Close Change %Chg

BANKINDIA 113.80 -0.90 -0.78

CANBK 230.30 -3.05 -1.31

GLOBOFFS 327.00 -3.35 -1.01

LT 1,254.00 -1.95 -0.16

PNB 110.60 -2.20 -1.95

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DAILY REPORT

06th

JAN. 2016


STOCK RECOMMENDATION [CASH] 3. EVEREADY

EVEREADY starts gap up near breakout of 304 and made high after last 24 August since it finished below 309.70 so if it don't cross 312 then we can see again reversal since on EOD chart it create triangle formation so we can see breakout above 312 for that it will be good to buy above 312 for target of 317 325 with stop loss of 305 MACRO NEWS JSW Energy says no decision on Monnet Power acquisi-

tion yet Infra investments in 2016 to boost CV industry growth Suven Life gets patent for neuro-degenerative drug Zydus Cadila to acquire select animal health brands from

Zoetis Competition Commission clears Reliance Capital-

Goldman Sachs deal Muthoot Exim launches gold recycling centre in Kolkata Welspun Corp gets Rs 100-crore tax notice BHEL starts first 600MW thermal unit in Telangana RINL posts 8% rise in sales; production base grows 28% Grasim Industries, Aditya Birla Chemicals complete

merger process Coal India subsidiaries help it post double-digit sales

growth at 9.2% Govt plans Rs 500cr pharma technology upgradation

fund Income tax officials raid properties of Apollo Hospitals

group

STOCK RECOMMENDATIONS [FUTURE] 1. KSCL [FUTURE]

KSCL FUTURE given around 16-18% return in last four trading session it bounce from 313 & at last session it made high of 390.95 because it has strong Resistance of 393 so above 393 it may come up to 415 where 418 is 55DMA so we advise to buy it above 393 for target 399 410 415 with stop loss of 386. 2. INFRATEL [FUTURE]

INFRATEL FUTURE created bearish engulfing pattern & fin-ished with 2% loss on EOD chart while it is consolidating in fix range of 420 to 436 so below 420 we can see a sharp dip since index is also weak so sell it below 420 for target of 416 410 400 with stop loss of 425.


DAILY REPORT

06th

JAN. 2016


FUTURE & OPTION

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 8,000 39.80 2,33,012 55,62,675

NIFTY CE 8,100 21.75 1,46,587 48,57,300

BANKNIFTY CE 17,000 151.35 42,269 4,86,780

TATASTEEL CE 280 7.40 4,327 14,86,000

IFCI CE 30 1.10 3,545 1,07,20,000

SBIN CE 230 2.65 3,161 54,84,000

LT CE 1,300 18.25 2,289 6,16,200

RELINFRA CE 620 25.00 2,289 5,82,400

MOST ACTIVE PUT OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 7,700 87.50 1,61,166 44,92,800

NIFTY PE 7,800 125.85 1,52,661 42,26,850

BANKNIFTY PE 16,000 144.85 42,029 4,38,780

TATASTEEL PE 250 3.00 2,528 18,50,000

TATASTEEL PE 260 5.25 2,117 13,82,000

SBIN PE 220 7.50 1,885 17,92,000

SBIN PE 210 3.55 1,545 17,80,000

RELINFRA PE 600 22.50 1,402 5,53,800

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 30221 1725.60 29701 1691.73 277197 15796.68 33.86

INDEX OPTIONS 353727 20147.14 330990 18983.29 876196 50685.68 1163.85

STOCK FUTURES 71627 3703.64 74991 3882.20 1002845 49777.86 -178.56

STOCK OPTIONS 34688 1829.16 34650 1838.37 38905 1963.30 -9.21

TOTAL 1009.95

STOCKS IN NEWS

Wipro to announce fresh structure under new CEO.

SpiceJet expands network frequencies.

Pimco Total Return Fund posts December inflow of $1.3 b on reinvestments.

IISL launches Nifty Private Bank Index.

NIFTY FUTURE

Tracking mixed cues from other Asian and European markets Nifty also felt pressure and came down. The bearishness may be seen again in tomorrow’s session. So we advise you to sell Nifty Future around 7850-7830 for the targets of 7750 and 7600 with strict stop loss of 8030

INDICES R2 R1 PIVOT S1 S2

BANK NIFTY 16,759.00 16,650.00 16,562.00 16,453.00 16,365.00

NIFTY 7,862.00 7,823.00 7,793.00 7,754.00 7,724.00


DAILY REPORT

06th

JAN. 2016


RECOMMENDATIONS

GOLD

TRADING STRATEGY:

BUY GOLD FEB ABOVE 25500 TGTS 25580,25670 SL BELOW

25400

SELL GOLD FEB BELOW 25300 TGTS 25220,25130 SL

ABOVE 25400

SILVER

TRADING STRATEGY:

BUY SILVER MAR ABOVE 33830 TGTS 34030,34330 SL BE-

LOW 33550

SELL SILVER MAR BELOW 33650 TGTS 33450,33150 SL

ABOVE 33950

COMMODITY ROUNDUP

Gold extended its advance, steadying around $1080 per ounce mark as the New Year rally extended. Volatile equi-ties are keeping the yellow metal supported. European stocks reversed initial gains. Chinese stocks edged lower in choppy trade amid worries about how Chinese regulators would address the market volatility and potential selling by big shareholders. COMEX Gold is trading at $1080.30 per ounce, up 0.47% on the day. MCX Gold futures are trading at Rs 25468 per 10 grams, up 0.28% on the day. The counter has hit highs above Rs 25500 levels in last session. con-sumer prices edged up less than expected in December, fig-ures released by Eurostat showed on Tuesday. Consumer prices rose 0.2% year-on-year compared with expectations for a 0.3% increase and unchanged from November. How-ever, the Core CPI was steady at 0.9% in December. China is expected to have attracted a record high of $126billion in non-financial foreign direct investment (FDI) in 2015, the commerce ministry said on Tuesday. Gold speculator and large futures traders increased their net gotraded by large speculators and hedge funds, totaled a net position of+26427 contracts in the data reported through December 15th. This was a weekly change of+12771 contracts from the previous week’s total of +13656 net contracts that was registered on December 15th.

Copper managed to gain marginal ground after last night reports that showed a dismal picture for China PMI data. The prices of MCX Copper were trading at Rs 312.80 per kg, against Rs 317.20 per kg. The prices tested a high of Rs 313.50 per kg and a low of Rs 308.40 per kg. The Caixin/Markit manufacturing purchasing managers index came in at 48.2 in December, down from 48.6 in November. Econo-mists were looking for a reading of 48.9.In the euro zone, factory activity ended 2015 with growth in all countries cov-ered by a survey released on Monday. In the United States by contrast, manufacturing unexpectedly fell in December to its weakest level since June 2009. Copper production in Peru, the world's third-largest supplier, surged 37 percent in November. The country is poised to become the world's second-biggest copper producer this year. bullish positions last week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Comex gold futures,


DAILY REPORT

06th

JAN. 2016


NCDEX

NCDEX ROUNDUP Supported by pick up in domestic demand and restricted supplies from producing regions, mentha oil prices were up 0.22% to Rs 894.80 per kg in futures market as speculators built up fresh positions. At MCX mentha oil for delivery in January month edged up by Rs 2, or 0.22% to Rs 894.80 per kg in business turnover of 230 lots. Similarly, the oil for de-livery in far-month February contracts traded higher by Rs 1.90, or 0.21% to Rs 907 per kg in 9 lots. Positions widened by participants amid pick up in demand from consuming industries in the spot market against restricted supplies from Chandausi in Uttar Pradesh, led to the rise in mentha oil prices at futures trade. n November 2015, 6.6 million kg of PC yarns was exported worth US$16.3 million. Meanwhile, blended spun yarns ex-port was down 3.7 per cent YoY in value terms while vol-umes were down 7 per cent. Egypt and Bangladesh were the largest importers of PC yarn from India in November followed by Argentina. Bangladesh, Argentina, Peru and USA were the fastest growing markets for PC yarns while Brazil significantly reduced its import of PC yarns from India. Chile and South Africa were among the 12 countries that did not import any PC yarns from India during November.

The sugar industry, which till a few months ago was reeling from cane dues and falling realizations, is showing signs of a turnaround because of an unexpected fall in production and improvement in the export outlook. The fuel mixing pro-grammed is also picking up and for the first time in 14 years, the country is close to achieving a uniform five per cent ethanol blend. Till last year, the average blend was 2.5-3 per cent.

NCDEX INDICES

Index Value % Change

CASTOR SEED 3693 -0.65

CHANA 4943 +0.90

CORIANDER 7250 +3.53

COTTON SEED 2093 -0.81

GUAR SEED 3318 -1.10

JEERA 13980 -0.96

MUSTARDSEED 4258 -0.28

SOY BEAN 3652 -1.51

SUGAR M GRADE 3199 -0.16

TURMERIC 10116 +3.88

RECOMMENDATIONS

DHANIYA

BUY CORIANDER JAN ABOVE 7340 TARGET 7385 7535 SL

BELOW 7275

SELL CORIANDER JAN BELOW 7200 TARGET 7155 7005 SL

ABOVE 7265

GUARGUM

BUY GUARGUM JAN ABOVE 6490 TARGET 6540 6610 SL BE-

LOW 6430

SELL GUARGUM JAN BELOW 6300 TARGET 6250 6180 SL

ABOVE 6360


DAILY REPORT

06th

JAN. 2016


RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 66.5418 Yen-100 55.7100

Euro 72.0315 GBP 97.9562

CURRENCY

USD/INR

BUY USD/INR JAN ABOVE 66.81 TARGET 66.94 67.09 SL BE-

LOW 66.61

SELL USD/INR JAN BELOW 66.6 TARGET 66.47 66.32 SL

ABOVE 66.8

EUR/INR

BUY EUR/INR JAN ABOVE 72.25 TARGET 72.4 72.6 SL BELOW

72.05

SELL EUR/INR JAN BELOW 71.97 TARGET 71.82 71.62 SL

ABOVE 72.17

CURRENCY MARKET UPDATES: The US dollar edged higher against a basket of currencies on Tuesday, as downbeat euro zone inflation data, con-cerns over Chinese growth and mounting tensions in the Middle East dampened risk sentiment. The dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, was at 99.46.Markets were jittery amid concerns over growing tensions in the Middle East after Saudi Arabia executed a prominent Shi'ite cleric, prompting a retaliatory attack on the Saudi embassy in Iran. The European unit was down 0.50% at 1.0777 versus the greenback. The single currency weakened after Eurostat reported that the annual rate of inflation in the euro zone rose just 0.2% in December, matching November's reading and falling short of forecasts for an increase of 0.3%. Core inflation, which strips out food and energy costs rose 0.9% in December, below fore-casts for 1.0% and matching November's reading. Mean-while, demand for the safe-haven yen persisted after data on Monday showed that China's Caixin manufacturing pur-chasing managers' index fell to 48.2 this month from 48.6 in December. It was the lowest reading since September and was well below the 50-point level which separates ex-pansion from contraction. USD/JPY slid 0.35% to 119.03.As against the pound, dollar was higher with GBP/USD down 0.26% at 1.4676. UK Markit construction PMI rose to 57.8 from November's 55.3 and ahead of forecasts for a reading of 56.0.

Starting the New Year on a steady note, the rupee recov-ered from initial losses against the US dollar to close at 66.14 on fresh selling of the American currency by banks and exporters on fresh foreign capital inflows into equity market. The rupee resumed lower at 66.20 as against over-night closing level of 66.15 at the Interbank Foreign Ex-change (forex) market and dropped further to 66.26 on initial dollar demand from banks and importers.


DAILY REPORT

06th

JAN. 2016


Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

05/01/16 NCDEX DHANIYA JAN. BUY 7230 7275-7425 7165 BOOKED PROFIT

05/01/16 NCDEX DHANIYA JAN. SELL 6970 6925-6775 7035 BOOKED PROFIT

05/01/16 NCDEX GUARGUM JAN. BUY 6570 6620-6690 6510 SL TRIGGERED

05/01/16 NCDEX GUARGUM JAN. SELL 6430 6380-6310 6490 BOOKED FULL PROFIT

05/01/16 MCX GOLD FEB. BUY 25500 25580-25670 25400 NOT EXECUTED

05/01/16 MCX GOLD FEB. SELL 25300 25200-25130 25400 NOT EXECUTED

05/01/16 MCX SILVER MAR. BUY 33600 33800-34100 33300 BOOKED PROFIT

05/01/16 MCX SILVER MAR. SELL 33300 33450-33150 33600 NOT EXECUTED

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

05/01/16 NIFTY FUTURE SELL 7850 7750-7600 8030 CALL OPEN

05/01/16 IGL FUTURE SELL 520 516-510 - NOT EXECUTED

05/01/16 BANKINDIA FUTURE SELL 113 111.50-109.5 115.10 BOOKED PROFIT

05/01/16 ORIENTPPR CASH BUY 38 39-40 36 BOOKED FULL PROFIT


DAILY REPORT

06th

JAN. 2016


NEXT WEEK'S U.S. ECONOMIC REPORTS

ECONOMIC CALENDAR

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Disclaimer

TIME REPORT PERIOD ACTUAL CONSENSUS

FORECAST PREVIOUS

MONDAY, JAN. 04

9:45 AM MARKIT PMI DEC. -- 51.3

10 AM ISM DEC. 49.1% 48.6%

10 AM CONSTRUCTION SPENDING NOV. 0.9% 1.0%

TUESDAY, JAN. 05

TBA MOTOR VEHICLE SALES DEC. 18.1 MLN 18.1 MLN

WEDNESDAY, JAN. 06

8:15 AM ADP EMPLOYMENT DEC. -- 217,000

8:30 AM TRADE DEFICIT NOV. -$44.1 BLN -$43.9 BLN

10 AM FACTORY ORDERS NOV. -0.1% 1.5%

10 AM ISM NONMANUFACTURING INDEX DEC. 56.5% 55.9%

THURSDAY, JAN. 07

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

FRIDAY, JAN. 08

8:30 AM NONFARM PAYROLLS DEC. 204,000 211,000

8:30 AM UNEMPLOYMENT RATE DEC. 5.0% 5.0%

8:30 AM AVERAGE HOURLY EARNINGS DEC. 0.1% 0.2%

3 PM CONSUMER CREDIT NOV. -- $16 BLN


Epic research special report of 6 jan 2016

Business

Transcript of Epic research special report of 6 jan 2016