Download - Epic research special stock market report 29th sep 2016

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Page 1: Epic research special stock market report 29th sep 2016

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], F M CG [ u p4 .88 p ts ] ,Re a l ty [ u p21 .8 6 pt s ] ,Pow er [ u p 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 Week’s 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 Week’s 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

Page 2: Epic research special stock market report 29th sep 2016

DAILY REPORT 29

th SEPTEMBER 2016

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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 today’s 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.

Page 3: Epic research special stock market report 29th sep 2016

DAILY REPORT 29

th SEPTEMBER 2016

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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 DAY SELL

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

Page 4: Epic research special stock market report 29th sep 2016

DAILY REPORT 29

th SEPTEMBER 2016

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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, after sharp losses in previous session, as industry data showed a sur-prise draw in U.S. crude stocks, although worries over a lack of agreement among producers to curb output kept a lid on gains. Brent crude rose 12cents to $46.09 a barrel as of 0639 GMT after settling down $1.38, or 2.9%, in previous session. U.S. WTI crude was up 5cents at $44.72 barrel after climbing as high as $45.09 in earlier trading. The benchmark ended down $1.26, or 2.7%, in the previous session. China's coking coal imports climbed 36% year on year to 6.49 million mt in August, data released Monday by the General Administration of Customs showed. The bulk of the surge in imported volumes comes from Mongolia, which confirmed its place as China's second-largest coking coal supplier after Australia, and is slowly catching up. In August, imports from Mongolia climbed 156% year on year to 2.15 million mt, while imports in the first eight months of this year jumped 51.7% year on year to 12.79 million mt. In the

meantime, imports from Australia rose 21% year on year

RECOMMENDATIONS

GOLD

TRADING STRATEGY:

BUY GOLD ABOVE 31500 TGT 31600 31800 SL 31400

SELL GOLD BELOW 30700 TGT 30600 30400 SL 30800

SILVER

TRADING STRATEGY:

BUY SILVER ABOVE 45700 TGT 45900 46500 SL 45500

SELL SILVER BELOW 45200 TGT 45000 44400 SL 45400

MCX

Page 5: Epic research special stock market report 29th sep 2016

DAILY REPORT 29

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NCDEX

NCDEX INDICES

Index Value % Change

BARLEY 1580.50 +0.06

CORIANDER 7565 -0.49

COTTON SEED 1979 -1.25

GUAR SEED 3531 -1.53

JEERA 17450 +1.28

MUSTARDSEED 4565 -0.08

REF SOYA OIL 653.45 -0.41

SUGAR M GRADE 3490 +0.46

TURMERIC 713.8 +0.06

WHEAT 1747 +0.11

RECOMMENDATIONS

DHANIYA

BUY CORIANDER OCT ABOVE 7680 TARGET 7725 7825 SL

BELOW 7615

SELL CORIANDER OCT BELOW 7520 TARGET 7475 7375 SL

ABOVE 7585

GUARGUM

BUY GUARGUM OCT ABOVE 6610 TARGET 6660 6730 SL

BELOW 6550

SELL GUARGUM OCT BELOW 6540 TARGET 6490 6420 SL ABOVE 6600

Triggered by a sharp decline in cane output in Maharashtra and Karnataka, sugar production in India is likely to decline by 7 per cent in the crushing season 2016-17, the apex in-dustry body Indian Sugar Mills Association (ISMA) forecast in its first advanced estimates on Wednesday. Based on the satellite image captured during the second week of Sep-temberof cane acreage, ISMA estimatesIndia's sugar production at 23.37 million tonnes for the ensuring crushing sea-son beginning October 1, 2016 against 25.1mt of the sweet-ener output reported in the previous year. Sugar output is estimated to increase in Tamil Nadu by 12 per cent to 1.56 million tonnes this season as against 1.39 million tonnes in the previous sugar season. Sugar sales during 2015-16 SS have been at lower as compared to 2014-15 SS. The main reason for the drop in sales is the fact that sugar sales in the previous season i.e., 2014-15 SS had already witnessed a very steep abnormal jump from the previous year.

The Tea Board of India's move to generate a direct buyer-seller interaction on a large scale via the pan-India e-auction seems to have resulted in a blame game over sev-eral issues between the tea industry and the union com-merce ministry's wing. While the Tea Board of India has adopted a thematic and idealistic stance to bring in more transparency into teatrade, the industry feels otherwise.

Global Pepper prices showed a marginal decrease in most of the production origins last week. Different Pepper prices prevailing in their domestic markets were due to difference in quality of Pepper being traded, from one to other pro-ducing centers. In India and Sri Lanka, however, the Pepper prices are still prevailing at relatively higher level compared to other producing origins. In Kochi, local price of Malabar black Pepper traded at the level of INR 689 (US$ 10.3) per Kg and for Sri Lanka black Pepper price was reported at the level of LKR 1,247 (US$ 8.5) per Kg.

Page 6: Epic research special stock market report 29th sep 2016

DAILY REPORT 29

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RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 66.448 Yen-100 66.090

Euro 74.452 GBP 86.482

CURRENCY

USD/INR

BUY USD/INR OCT ABOVE 66.8 TARGET 66.92 67.07 SL BE-

LOW 66.62

SELL USD/INR OCT BELOW 66.7 TARGET 66.58 66.43 SL

ABOVE 66.9

EUR/INR

BUY EUR/INR OCT ABOVE 75 TARGET 75.12 75.32 SL BELOW

74.82

SELL EUR/INR OCT BELOW 74.8 TARGET 74.68 74.48 SL

ABOVE 75

CURRENCY MARKET UPDATES:

The Canadian dollar traded at CUSD 1.3051 to the dollar after gaining nearly a percent overnight. The loonie had seen a six-month low of CUSD 1.3281 early on Tuesday amid jitters towards the US presidential debate. Other commodity-linked currencies also fared well as oil rallied, with the Norwegian crown touching a five-month high against the dollar on Wednesday. The Australian dollar hit a three-week high of USD 0.7696 early on Thursday. The euro inched up 0.1 percent to USD 1.1223, while the dollar climbed 0.3 percent to 100.950 against the safe-haven yen as broader risk sentiment improved. Brent crude was up 0.4 percent at USD 48.87 a barrel, adding to overnight gains of 5.9 percent. US crude added 0.5 percent to USD 47.28 a barrel after rising 5.3 percent on Wednesday, when it hit its highest since September 9.

Indian rupee extended rally and closed with gains of 2 paise at 66.46 level against the dollar at the Interbank For-eign Exchange on Wednesday as bankers and exporters took to selling of American currency amid firm opening of domestic equity markets. Domestic equity markets ended higher, contributing to rupee’s rally. The Indian currency had ended with gains of 13 paise at 66.48 on Tuesday against the dollar following selling of American currency by exporters and bankers. However, dollar’s strength against some major currencies capped some of rupee’s gains. On the global front, the dollar rose versus the yen, while the euro nursed its losses after retreating on concerns over the health of the European financial system. The partially con-vertible currency hovered in the range of 66.4350 – 66.4950.

The FIIs as per Tuesday’s data were net sellers in equity segment, while they were net buyers in debt segment, ac-cording to data released by the NSDL. In equity segment, the gross buying was of Rs 4413.60 crore against gross sell-ing of Rs 4557.21 crore. Thus, FIIs stood as net sellers of Rs 143.61 crore in equities. In the debt segment, the gross purchase was of Rs 1764.25 crore with gross sales of Rs 636.13 crore. Thus, FIIs stood as net buyers of Rs 1128.12 crore in debt.

Page 7: Epic research special stock market report 29th sep 2016

DAILY REPORT 29

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Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target

Stop

Loss Remark

27/09/16 NCDEX DHANIYA OCT. BUY 7680 7725-7825 7615 NOT EXECUTED

27/09/16 NCDEX DHANIYA OCT. SELL 7580 7535-7435 7645 1ST TARGET

27/09/16 NCDEX GUARGUM OCT. BUY 6890 6940-7010 6830 NOT EXECUTED

27/09/16 NCDEX GUARGUM OCT. SELL 6720 6670-6600 6780 ALL TARGET

27/09/16 MCX GOLD OCT BUY 31200 31300-31500 31100 NOT EXECUTED

27/09/16 MCX GOLD OCT. SELL 30900 30800-30600 31000 1ST TARGET

27/09/16 MCX SILVER DEC. BUY 46400 46600-47200 46200 NOT EXECUTED

27/09/16 MCX SILVER DEC. SELL 45600 45400-44800 45800 BOOKED PROFIT

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop

Loss Remark

27/09/16 NIFTY FUTURE SELL 8695 8640-8550 8800 NOT EXECUTED

27/09/16 ADANIPORTS FUTURE SELL 264 261-255 269

27/09/16 WIPRO FUTURE BUY 486 490-495 480

27/09/16 BODAL CHEMICALS CASH BUY 146 148-150 144 NOT EXECUTED

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NEXT WEEK'S U.S. ECONOMIC REPORTS

ECONOMIC CALENDAR

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TIME REPORT PERIOD ACTUAL CONSENSUS

FORECAST PREVIOUS

MONDAY, SEPT. 26

10 AM NEW HOME SALES AUG. 654,000

TUESDAY, SEPT. 27

9 AM CASE-SHILLER HOME PRICES JULY 5.1%

9:45 AM MARKIT SERVICES PMI (FLASH) SEPT. 51.0

10 AM CONSUMER CONFIDENCE SEPT. 101.1

WEDNESDAY, SEPT. 28

8:30 AM DURABLE GOODS ORDERS AUG. 4.4%

8:30 AM CORE CAPITAL EQUIPMENT ORDERS AUG. 1.5%

THURSDAY, SEPT. 29

8:30 AM WEEKLY JOBLESS CLAIMS 9/24 N/A 252,000

8:30 AM GROSS DOMESTIC PRODUCT Q2 1.1%

8:30 AM ADVANCE TRADE IN GOODS AUG. -$59.3BLN

10 AM PENDING HOME SALES AUG. 1.3%

FRIDAY, SEPT. 30

8:30 AM PERSONAL INCOME AUG. 0.4%

8:30 AM CONSUMER SPENDING AUG. 0.3%

8:30 AM CORE INFLATION AUG. 0.1%

9:45 AM CHICAGO PMI SEPT. 51.5

10 AM CONSUMER SENTIMENT SEPT. 89.8