Epic research special stock market report 29th sep 2016

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Transcript of Epic research special stock market report 29th sep 2016

  1. 1. DAILY REPORT 29 th SEPTEMBER 2016 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance European shares rose on Wednesday, helped by gains among commodity stocks, while Deutsche Bank recovered from all-time lows hit in the previous session. Sentiment around the bank perked up after its CEO said there was no need for a cash call, while the German government denied a report that it was preparing a rescue plan for the bank. The lender rose 2 percent after CEO John Cryan personally ruled out a possible capital increase, while the bank's bal- ance sheet was boosted after it sold its British insurance business. Deutsche faces a $14 billion fine from the U.S. Department of Justice for misselling mortgage-backed se- curities, and concerns over its funding depressed its shares to a record low on Tuesday. Goldman Sachs, which has a neutral rating on Deutsche, estimated the German lender would eventually pay between $2.8 and $8.1 billion to set- tle the dispute, although the final outcome could be out- side that range. Asian stocks gained on Thursday in tandem with an oil price rally after OPEC members agreed to curb output - boosting investor risk appetite. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.6 percent. Commodity- heavy Australian shares advanced 0.6 percent and South Korea's Kospi gained 0.7 percent. Japan's Nikkei rose 0.9 percent after losing 1.3 percent the previous day. Over- night, European shares gained on a recovery in battered Deutsche Bank shares while the Dow rose 0.6 percent and the energy index had its best day since January in light of the OPEC agreement. Previous day Roundup Equity benchmarks snapped three-day losing streak on short covering but closed off day's high as investors main- tained a cautious approach ahead of Thursday's expiry of September futures & options contracts. European cues and higher oil prices also supported the market. The 30-share BSE Sensex was up 69.11 points at 28292.81 and the 50- share NSE Nifty rose 38.75 points to 8745.15 while the broader markets outperformed benchmarks again. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 123.24pts], Capital Goods[up 149.88pts], PSU[up 83.02pts], FMCG[up4.88pts],Realty[up21.86pts],Power[up 14.18pts],Auto [up 274.37pts],Healthcare [up 20.29pts], IT [down 27.07pts ], Metals[up 187.56pts], TECK[up 15.12pts], Oil& Gas [up 43.09pts]. World Indices Index Value % Change DJI 18270 +0.18 S&P500 2165.75 +0.12 NASDAQ 5318.55 +0.24 FTSE100 6874.5 +1.04 NIKKEI 16699.18 +1.42 HANG SENG 23699.74 +0.34 Top Gainers Company CMP Change % Chg EICHERMOT 26,010.00 1366.75 5.55 HINDALCO 157.45 7.40 4.93 IDEA 82.65 3.10 3.90 TATASTEEL 381.20 13.25 3.60 ZEEL 551.00 18.60 3.49 Top Losers Company CMP Change % Chg RELIANCE 1,089.00 -21.50 -1.94 TECHM 440.70 -7.51 -1.60 COALINDIA 328.50 -4.25 -1.28 HINDUNILVR 888.30 -9.00 -1.00 SUNPHARMA 765.40 -4.75 -0.62 Stocks at 52 Weeks HIGH Symbol Prev. Close Change %Chg ADVENZYMES 1,744.00 21.10 1.22 ALKEM 1,839.90 32.70 1.81 ASIANTILES 294.60 16.85 6.07 ATUL 2,285.00 -22.20 -0.96 AUTOIND 61.40 -2.40 -3.76 BAJAJHLDNG 1,950.00 44.95 2.36 BASF 1,234.70 49.40 4.17 Indian Indices Company CMP Change % Chg NIFTY 8745.15 +38.75 +0.45 -SENSEX 28292.81 +69.11 +0.24 Stocks at 52 Weeks LOW Symbol Prev. Close Change %Chg ACROPETAL 1.90 -0.10 -5.00 ANGIND 11.70 -0.35 -2.90 ASTRAZEN 949.95 3.75 0.40
  2. 2. DAILY REPORT 29 th SEPTEMBER 2016 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATION [CASH] FILATEX [CASH] Filatex India has given breakout of rounding bottom pat- tern on daily chart rose with heavy volume , the stock is trading above all important moving averages made a bull- ish candle stick todays trading session closed above break- out level ,which confirms the breakout, thus the stock may rally up till next resistance level ,so its buy above 75 level for the targets of 77-79 with SL of 72. MACRO NEWS Cabinet clears Rs 2,256 cr project Saksham for GST inte- gration Cabinet approves 78-day bonus for railway employees Jayalalithaa announces bonus worth Rs 476 crore for state PSU employees Cabinet clears IOC, OIL, BPCL's Russian stake buy for $3.14 billion Tyre cos set for a growth ride as rubber softens Endurance Tech sets price band for up to $175 million IPO Ahluwalia Contracts secures Rs 151-crore order from Bharat Electronics Fare war hurts Air India as it posts Rs 246 crore operat- ing loss in Q1 LED lights makers ask govt to go slow on Ujala procure- ment ICRA upgrades long term rating of SML Isuzu Nalco buys back 64.43 cr shares worth Rs 2835 cr Mangalore Chemicals up 17% after shareholders reject Zuari Agro deal Walmart, Flipkart may join forces to take on Amazon in India Jio says COAI's 'back door operator' remark contempt of court Fed's Janet Yellen: No fixed timetable for interest rate moves IMF chief warns of weak growth, lure of protectionism ING likely to sell $300 million Kotak Mahindra stake: Term Sheet Sebi allows options trading on commodity exchanges STOCK RECOMMENDATIONS [FUTURE] 1. CANBANK [FUTURE] Last trading session CANBK future show positive strength in all Banking stocks and close near major resistance level with bullish candlestick in daily chart. last session stock open flat- tish note and traded narrow range but move more upside in second half of market and since last session it rose with ris- ing OI in long side in next series. We may see sharp rise for that it will be good to buy above 315 for the target of 317- 320 with SL of 310. 2. JSWSTEEL [FUTURE] Last trading session JSWSTEEL future show positive strength and ended near major resistance level with bullish candle- stick in daily chart and since last session it rose with rising OI in long side in next month of series. We may see sharp rise for that it will be good to buy above 1784 for the target of 1795-1810 with SL of 1766.
  3. 3. DAILY REPORT 29 th SEPTEMBER 2016 YOUR MINTVISORY Call us at +91-731-6642300 FUTURES & OPTIONS MOST ACTIVE CALL OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 8,800 9.30 5,37,960 46,39,425 NIFTY CE 8,900 0.80 5,35,485 44,47,125 NIFTY CE 8,700 63.95 3,14,047 23,72,850 SBIN CE 260 0.30 9,911 47,70,000 SBIN CE 255 1.50 8,094 23,28,000 RELIANCE CE 1,100 3.75 6,254 15,45,000 AXISBANK CE 550 4.40 5,788 12,86,400 YESBANK CE 1,280 4.40 5,087 5,85,900 MOST ACTIVE PUT OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY PE 8,700 8.65 5,58,900 58,00,725 NIFTY PE 8,600 1.30 2,86,625 54,06,600 NIFTY PE 8,800 49.05 2,46,262 23,60,400 SBIN PE 250 0.35 5,685 32,52,000 RELIANCE PE 1,080 2.40 3,824 4,98,500 RELIANCE PE 1,100 10.65 3,814 3,84,000 TATASTEEL PE 370 0.30 3,267 19,76,000 AXISBANK PE 540 1.05 3,265 9,84,000 FII DERIVATIVES STATISTICS BUY OPEN INTEREST AT THE END OF THE DAYSELL No. of Contracts Amount in Crores No. of Contracts Amount in Crores No. of Contracts Amount in Crores NET AMOUNT INDEX FUTURES 79693 5368.18 76976 5233.40 490848 32840.14 134.7776 INDEX OPTIONS 726906 51627.78 706301 50197.36 1457926 98101.39 1430.4261 STOCK FUTURES 376992 25440.56 385001 25797.15 1024230 68217.83 -356.5851 STOCK OPTIONS 89678 6472.80 88014 6342.81 125136 8755.98 129.987 TOTAL 1338.60 STOCKS IN NEWS Mukta Arts shares hit record high on plan to transfer cinema division Myntra eyes 2.5 lakh new users in festive sale Airtel reduces data charges for international roaming by 99% SAIL fails to get mine developer for Rowghat Whirlpool eyes double digit sales growth this festive season Infosys unveils modular e-commerce platform Max Ventures gets shareholders' nod to borrow up to Rs 300 crore NIFTY FUTURE Nifty in last trading session maintained to sustain above the support. Recovering previous losses It traded around 70 points and closed above 8750. But today is expiry so profit booking may be seen, so we hope Nifty now will come down to 8600, the next support level. So we advise you to sell Nifty below 8740 for the targets of 8690 and 8600 with strict stop loss of 8820 INDICES R2 R1 PIVOT S1 S2 NIFTY 8802.30 8773.70 8738.40 8709.80 8674.520 BANKNIFTY 19789.00 19721.00 19631.00 19563.00 19473.00
  4. 4. DAILY REPORT 29 th SEPTEMBER 2016 YOUR MINTVISORY Call us at +91-731-6642300 COMMODITY ROUNDUP The red metal was marginally trading up on the back of speeches of the Federal Reserve Chairman. The prices of Copper were up 0.42% to trade at Rs 323.80 per kg. The prices tested a high of Rs 324.50 per kg and a low of Rs 321.95 per kg. Traders may be reluctant to make any signifi- cant moves ahead of remarks by a number of Federal Re- serve officials, including Fed Chair Janet. Yellen is scheduled to testify before the House Financial Services Committee, although the hearing is expected to focus on the Fed's su- pervision of big banks. On the U.S. economic front, the Commerce Department recently released a report showing that durable goods orders came in flat in the month of Au- gust. The Commerce Department said durable goods orders were virtually unchanged in August after jumping by a re- vised 3.6 percent in July. Economists had expected orders to pull back by about 1.4% compared to the 4.4 percent spike that had been reported for the previous month. Gold is trading weak, witnessing lack of buying after the lat- est setback. The COMEX Gold futures crashed once $1340 per ounce levels were breached. Gold futures were led lower by continued profit selling pressure on rallies. The yellow metal hit two week highs above $1340 but flipped back direction amid a broad corrective undertone in com- modities. COMEX Gold is currently quoting at $1327.40 per ounce, down 0.23% on day. MCX Gold futures broke under the key Rs 31000 per 10 grams mark yesterday and cur- rently trade at Rs 31960 per 10 grams, down 0.20% on day. Oil prices rose in mixed trading on Wednesday,