Epic research special report of 05 nov 2015

DAILY REPORT

05th

NOV. 2015

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance Japanese stocks rose on Thursday morning after the dollar strengthened against the yen as the Federal Reserve Chair Janet Yellen pointed to a possible Dec interest rate "liftoff" Nikkei rose 0.6% to 19,034.02 in midmorning trade after gaining 1.3% on Wednesday helped by strong demand by three Japan Post shares, which surged as investors rushed to get a piece of the group's $12bn initial public offering. On Wednesday, the Fed's Yellen laid out what now appears the base case at the U.S. central bank that low unemploy-ment, continued growth and faith in a impending return of inflation meant the U.S. was ready for higher interest rates. European shares closed off their highs on Wednesday after Fed Chair said a rate hike in December was a live possibil-ity, while Germany's blue-chip index underperformed after a scandal at carmaker Volkswagen widened. The FTSEuro-first 300 rose 0.46% after earlier gaining as much as 1.1% on back of a fresh pledge from the ECB to ramp up stimulus if necessary, while Germany's DAX was down 0.97%. The DJI average fell 50.57pts, or 0.28%, to 17,867.58; the S&P 500 lost 7.48 points, or 0.35%, to 2,102.31; and the Nasdaq dropped 2.65pts, or 0.05%, to 5,142.48. On Friday, Wall Street registered its strongest monthly performance in four years and posted a fifth straight week of gains. About 7.4bn shares changed hands on US exchanges, compared with the 7.0bn daily average for the past 20 trading days Previous day Roundup The market lost previous day's gains on Wednesday with the benchmark indices falling marginally despite positive global cues. Indices started on a strong note but erased gains in afternoon trade due to profit booking in heavy-weights. Private banks, healthcare, technology and select oil stocks drove market lower, though auto stocks provided support. The Sensex fell 37.67 points to 26552.92 and the Nifty declined 20.50 points to 8040.20. The BSE Midcap index outperformed benchmarks, up 0.2%. About 1255 shares advanced, 1469 shares declined, and 134 shares were unchanged. Corporate results have been a little be-low expectations so far, with 45% of the companies wit-nessing earnings downgrades against 32 percent upgrades. Index stats Consumer Durables [down 27.36pts], Capital Goods [down 49.03pts], PSU [up 35.04pts], FMCG [up 22.57Pts], Realty [down 1.55pts], Power [down 6.68pts], Auto [up 306.86Pts], Healthcare [down 142.46Pts], IT [down 65.07pts], Metals [up 29.24pts], TECK [down 27.99pts], Oil& Gas [down 7.87pts].

World Indices

Index Value % Change

D J l 17867.58 -0.28

S&P 500 2102.31 -0.35

NASDAQ 5142.48 -0.05

FTSE 100 6412.88 +0.46

Nikkei 225 19122.42 +1.03

Hong Kong 23098.66 +0.20

Top Gainers

Company CMP Change % Chg

TATAMOTORS 406.60 24.55 6.43

M&M 1,251.00 18.05 1.46

HEROMOTOCO 2,618.10 35.35 1.37

COALINDIA 329.85 4.00 1.23

SBIN 238.85 2.90 1.23

Top Losers


TECHM 542.90 13.85 -2.49

ICICIBANK 273.40 6.05 -2.16

SUNPHARMA 850.60 17.95 -2.07

RELIANCE 947.45 19.75 -2.04

GAIL 301.40 5.75 -1.87

Stocks at 52 Week’s HIGH

Symbol Prev. Close Change %Chg

DISHMAN 399.15 -12.35 -3.00

GMBREW 757.85 36.05 4.99

RAJESHEXPO 645.30 4.90 0.77

Indian Indices


NIFTY 8040.20 -20.50 -0.25

SENSEX 26552.92 -37.67 -0.14

Stocks at 52 Week’s LOW

Symbol Prev. Close Change %Chg

ABGSHIP 94.15 -20.50 -17.88

ADLABS 107.10 -10.00 -8.54

LT 1,368.45 -4.85 -0.35

CORPBANK 42.65 -0.30 -0.70

DCBBANK 85.80 -1.50 -1.72

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DAILY REPORT

05th

NOV. 2015


STOCK RECOMMENDATION [CASH] 3. INTELLECT [CASH]

After sharp rise in last five session INTELLECT close with 2.80% loss in previous session, on EOD chart it finished with bearish harami candle with before last session it cre-ate inverted hammer so after confirmation we can see 250 level in upcoming session so we advise to sell it below 261 for target of 257-253-250 use stop loss of 264 MACRO NEWS India's services industry expanded at its fastest pace in 8

months in Oct as new business rose with discounting stoking demand. The Nikkei/Markit Services PMI rose to 53.2 in Oct from Sept's 51.3, marking a 4th month above 50-level that separates growth from contraction.

Govt to issue notice to Volkswagen China October services activity rises to 3-month high Maggi noodles to start sale in Nov, Nestle rises 4% Solar tariffs decline to all-time low of of Rs 4.63 per

kWhr: Piyush Goyal Gujarat govt okays IOC's proposal to acquire land for

expansion HPCL, GAIL eye petrochemical plant in Andhra Pradesh IDBI to raise Rs 2800cr but it's not going Axis's way, yet Cairn-Vedanta merger now by June 2016, says Group

firm Railways sign MoU with Odisha for rail projects Reliance Infra to shift focus to defence now Gets board

nod to exit road and cement businesses Stand Chart Plc may sell Essar group’s global loans worth

$3.5 bn Zensar Technologies to use Apax Partners’ help to ac-

quire and consolidate RCom to invest `523 cr to expand data centres

STOCK RECOMMENDATIONS [FUTURE] 1. DIVISLAB [FUTURE]

After given two weeks bull run DIVISLAB Future finished with 1% loss in last session and given tend reversal sign with in-verted hammer candle if we look to retrace line then it may come up to 1150 level so we advise to sell it below 1171 for target of 1163 1150 use stop loss of 1181.

2. INFRATEL [FUTURE]

INFRATEL FUTURE breached around 1.50% it made low of 377 where 376 is descending triangle support, since open interest also rose with 4% and below these level we can see a sharp dip so we advise to sell it below 376 for target of 373 370 360 use stop loss of 380.


DAILY REPORT

05th

NOV. 2015


FUTURE & OPTION

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 8,200 77.00 1,26,115 33,44,100

NIFTY CE 8,400 24.80 85,237 37,73,100

BANKNIFTY CE 18,000 126.05 35,368 5,27,970

ASHOKLEY CE 100 1.60 2,314 71,89,000

TATAMOTORS CE 420 11.20 2,101 10,62,000

DLF CE 130 3.00 2,046 43,25,000

LT CE 1,450 15.15 1,852 6,61,500

ICICIBANK CE 290 3.15 1,766 28,49,200

MOST ACTIVE PUT OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 8,000 117.65 1,20,716 37,71,075

NIFTY PE 8,100 158.15 90,535 28,01,175

BANKNIFTY PE 17,000 300.10 24,858 3,42,390

LT PE 1,300 13.90 1,421 3,93,600

ASHOKLEY PE 90 3.05 1,221 44,52,000

ICICIBANK PE 270 6.30 1,169 21,21,600

CANBANK PE 280 13.25 1,063 3,06,000

RELIANCE PE 960 26.00 1,021 2,41,500

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 19069 1124.3 24319 1418.27 282544 16800.8 -293.973

INDEX OPTIONS 182826 10660 186227 10853.4 1015025 60728.8 -193.417

STOCK FUTURES 54180 2789.56 55282 2824.04 928697 46721.8 -34.4793

STOCK OPTIONS 27470 1437.66 25917 1353.33 48441 2427.2 84.33

TOTAL -434.54

STOCKS IN NEWS Canara Bank Q2 profit falls 16% on high provisions,

NPA up Reliance Capital cuts prime lending rates by 25 bps Jain Irrigation bags Rs 473 crore tender from MSEDCL Vedanta Resources halts dividend after profit falls Marico Q2 net up 27%, volume growth disappoints;

bonus 1:1 Dr Reddy's to market Biocodex products in Romania Lupin gets FDA nod for generic Aricept tablets Blue Star acquires 51% stake in Oman's OEMC NIFTY FUTURE

After giving a positive opening Nifty is falling down and since last two sessions Nifty is following the same pat-tern. Yesterday it gave a strong bearish signal. So we as-sume the same behavior to be followed by Nifty in next session. So we advise you to sell Nifty from around 8130 for targets of 8030 and 7900 with strict stop loss of 8250

INDICES R2 R1 PIVOT S1 S2

NIFTY 8,151.00 8,095.00 8,061.00 8,005.00 7,971.00

BANK NIFTY 17,555.00 17,388.00 17,281.00 17,114.00 17,007.00


DAILY REPORT

05th

NOV. 2015


RECOMMENDATIONS

GOLD

TRADING STRATEGY:

BUY GOLD DEC ABOVE 25850 TGTS 25930,26020 SL BE-

LOW 25760

SELL GOLD DEC BELOW 25700 TGTS 25620,25530 SL

ABOVE 25790

SILVER

TRADING STRATEGY:

BUY SILVER DEC ABOVE 35600 TGTS 35800,36100 SL BE-

LOW 35300

SELL SILVER DEC BELOW 35200 TGTS 35000,34700 SL

ABOVE 35550

COMMODITY ROUNDUP

WTI Crude oil futures stayed locked in a narrow range today after a massive spurt in last session. Equities managed to mostly hold gains and kept crude afloat though traders re-mained worried about the overall sluggishness in global oil demand and the strength in US dollar. WTI Crude is linger-ing around $48 per barrel right now, barely changed on the day. MCX Crude oil futures are trading at Rs 3157 per barrel, down 0.06% on the day after moving in a range of Rs 3167 – 3126 during the session. WTI Crude oil futures stayed locked in a narrow range today after a massive spurt in last session. Equities managed to mostly hold gains and kept crude afloat though traders remained worried about the overall sluggishness in global oil demand and the strength inUS dollar. WTI Crude is lingering around $48 per barrel right now, barely changed on the day. MCX Crude oil futures are trading at Rs 3157 per barrel, down 0.06% on the day after moving in a range of Rs 3167 – 3126 during the ses-sion.

Gold witnessed some recovery after a heavy collapse in the last session. World stocks stayed broadly supported amid mixed data pointers. Ideas that the ECB is willing to provide more monetary stimulus augured helpful. Gold dropped towards its fresh five week low yesterday as selling contin-ued in Gold after the prices dropped under 100day EMA in the last week. Gold was also undone by gains in US equities yesterday as continued buying lifted the NASDAQ to an all-time high. COMEX Gold futures dropped near $1110 per ounce yesterday but carved out good gains in Asia. The counter is trading at $1117 per ounce, up 0.26% on the day. MCX Gold futures dipped under Rs 26900 per 10 grams yes-terday. The metal has lost more than Rs 1000 in last four sessions. Some support can emerge in the counter now as traders cover their recent shorts. The counter is quoting at Rs 25930 per 10 grams, almost unchanged on the day.

Copper prices rose to a one-week high on Wednesday, after mining giant Glencore announced further supply cuts of the red metal. Copper for December delivery on the Comex divi-sion of the New York Mercantile Exchange tacked on 1.6 cents, or 0.69%, to trade at $2.347 a pound during morning hours in London. It earlier rose to $2.352, the highest since October 28. A day earlier, copper prices inched up 1.1 cents, or 0.5%. Meanwhile, three month Copper on the London Metal Exchange advanced 0.38% to $5,186.00 a metric ton.

MCX Copper was up 0.25% trading at Rs 340.45 per kg. The prices have tested a high of Rs 341.80 per kg and a low of Rs 339.60 per kg.


DAILY REPORT

05th

NOV. 2015


NCDEX

NCDEX ROUNDUP

Selling intensified in mustard seed futures in the last trading hour due to surge in sowing acreage in the current year along with limited off take by millers at higher levels. The market sources stated that total sowing acreage of mustard seed is likely to increase by 10-15 percent in the current year due to favorable weather conditions. The report stated that Rajasthan farmers have added 7 lakh hectares in total sowing acreage in last one week due to better sowing con-ditions. The prices were also hammered by total stocks of 8-9 lakh tonnes in local mandies to limit the upside of mustard seed at higher levels. The NCDEX December futures slumped by 0.91 percent to settle at Rs 4893 per quintal.

Weak cotton prices this season have hit the ginning industry across the country, which is estimated to be losing around Rs 8 crore a day on trading roughly around 80,000 bales every day (one bale is 170 kg). There are about 4,500 ginning units in the country, of which nearly half are not operational at the moment.

Chana prices moved up 0.51% to Rs 4,973 per quintal in fu-tures trade as participants increased their holdings, trig-gered by rising demand at the spot market. Besides, re-stricted supplies from producing regions supported the up-side. At NCDEX chana for delivery in November advanced by Rs 25, or 0.51% to Rs 4,973 per quintal with an open inter-est of 3,060 lots. Likewise, the commodity for delivery in December moved up by Rs 11, or 0.22% to Rs 5,085 per quintal in 56,540 lots. Participants enlarged positions on the back of rising demand at the spot market against restricted supplies which kept chana prices higher in futures trade.

NCDEX INDICES

Index Value % Change

CAETOR SEED 4301 -0.51

CHANA 5007 +1.19

CORIANDER 9274 +3.99

COTTON SEED 1665 -0.36

GUAR SEED 3842 +0.52

JEERA 15660 +1.36

MUSTARDSEED 4863 -1.62

REF. SOY OIL 629.05 +0.30

TURMERIC 2743 -0.22

WHEAT 6952 +2.24

RECOMMENDATIONS

DHANIYA

BUY CORIANDER NOV ABOVE 9350 TARGET 9385 9465 SL

BELOW 9305

SELL CORIANDER NOV BELOW 9100 TARGET 9065 8985 SL

ABOVE 9145

GUARSGUM

BUY GUARGUM NOV ABOVE 8080 TARGET 8130 8200 SL

BELOW 8020

SELL GUARGUM NOV BELOW 8950 TARGET 8900 8830 SL

ABOVE 9010


DAILY REPORT

05th

NOV. 2015


RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 65.5680 Yen-100 54.1700

Euro 71.7970 GBP 101.1255

CURRENCY

USD/INR

BUY USD/INR NOV ABOVE 65.88 TARGET 66.01 66.16 SL BE-

LOW 65.68

SELL USD/INR NOV BELOW 65.7 TARGET 65.57 65.42 SL

ABOVE 65.9

EUR/INR

BUY EUR/INR NOV ABOVE 72.2 TARGET 72.35 72.55 SL BE-

LOW 72

SELL EUR/INR NOV BELOW 71.8 TARGET 71.65 71.45 SL

ABOVE 72

CURRENCY MARKET UPDATES:

The Indian rupee strengthened against the US dollar on

Wednesday, tracking the gains in the Asian currencies mar-

kets. The home currency closed at 65.49, up 0.24% from its

previous close of 65.66. The local unit opened at 65.56 per

US dollar. FIIs continued to sell debt for the fifth consecu-

tive session. FIIs sold $488.92mn in debt since 27 October

to 2 November, and $210.01mn in equities since 30 Octo-

ber to 2 November.

Most Asian currencies closed higher. Taiwan dollar was up

0.65%, Malaysian ringgit 0.54%, Thai baht 0.4%, Philippines

peso 0.2%, Indonesian rupiah 0.11%, while South Korean

won added 0.1%. However, Japanese yen was down 0.12%,

Singapore dollar 0.11% and China offshore 0.08%.

The dollar index was trading at 97.439, up 0.29% from its

previous close of 97.158.

The US dollar was higher against a basket of currencies on

Wednesday, as mounting hopes for a U.S. rate hike before

the end of the year lent support to the greenback. The dol-

lar index, which measures the greenback's strength against

a trade-weighted basket of six major currencies, was at

97.65.

The euro came under pressure after European Central

Bank President Mario Draghi signaled the possibility for

additional easing measures. EUR/USD slid 0.40% to trade

at 1.0920. Draghi said policymakers would re-examine the

degree of monetary stimulus already deployed at their De-

cember meeting and reiterated that they remained willing

and able to act to bolster price growth in the euro area.

As against the pound, dollar was steady with GBP/USD at

1.5414. Sterling found some support after market research

group Markit its U.K. services purchasing managers index

increased to 54.9 last month from a reading of 53.3 in Sep-

tember. Analysts had expected the index to rise to 54.5 in

October. The dollar was higher against the yen, with USD/

JPY up 0.15% at 121.25.


DAILY REPORT

05th

NOV. 2015


CALL REPORT

PERFORMANCE UPDATES

Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

04/11/15 NCDEX DHANIYA NOV. BUY 9180 8205-8285 9150 BOOKED PROFIT

04/11/15 NCDEX DHANIYA NOV. SELL 8870 8845-8765 8900 NOT EXECUTED

04/11/15 NCDEX GUARGUM NOV. BUY 8080 8130-8200 8020 BOOKED PROFIT

04/11/15 NCDEX GUARGUM NOV. SELL 7950 7900-7830 8010 NOT EXECUTED

04/11/15 MCX GOLD DEC. BUY 25920 26030-26130 25850 BOOKED PROFIT

04/11/15 MCX GOLD DEC. SELL 25850 25770-25670 25950 NO PROFIT NO LOSS

04/11/15 MCX SILVER DEC. BUY 36300 36500-36800 36000 NOT EXECUTED

04/11/15 MCX SILVER DEC. SELL 35900 35700-35400 36200 BOOKED PROFIT

04/11/15 USD/INR NOV. BUY 66.00 66.13-66.28 65.80 NOT EXECUTED

04/11/15 USD/INR NOV. SELL 65.90 65.77-65.62 66.10 BOOKED PROFIT

04/11/15 EUR/INR NOV. BUY 72.70 72.85-73.05 72.50 NOT EXECUTED

04/11/15 EUR/INR NOV. SELL 72.27 72.12-71.92 72.47 BOOKED FULL PROFIT

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

04/11/15 NIFTY FUTURE BUY 8050 8150-8250 7950 NOT EXECUTED

04/11/15 APOLLOHOSP FUTURE BUY 1345 1355-1365 1333 NOT EXECUTED

04/11/15 LT FUTURE SELL 1373 1360-1345 1390 CALL OPEN

04/11/15 DISHMAN CASH BUY 414 418-425 409 BOOKED PROFIT

03/11/15 DRREDDY FUTURE SELL 4325-4340 4280-4230 4390 CALL OPEN


DAILY REPORT

05th

NOV. 2015


NEXT WEEK'S U.S. ECONOMIC REPORTS

ECONOMIC CALENDAR

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Disclaimer

TIME REPORT PERIOD ACTUAL CONSENSUS

FORECAST PREVIOUS

MONDAY, NOV. 02

9:45 AM MARKIT PMI OCT. -- 54.0

10 AM ISM OCT. 51.0% 50.2%

10 AM CONSTRUCTION SPENDING SEPT. 0.2% 0.7%

TUESDAY, NOV. 03

10 AM FACTORY ORDERS SEPT. 0.2% -1.7%

TBA MOTOR VEHICLE SALES OCT. -- 18.1 MLN

WEDNESDAY, NOV. 04

8:15 AM ADP EMPLOYMENT OCT. -- 200,000

8:30 AM TRADE DEFICIT SEPT. - -$48.3 BLN

10 AM ISM NONMANUFACTURING OCT. -- 56.9%

THURSDAY, NOV. 05

8:30 AM WEEKLY JOBLESS CLAIMS OCT. 31 N/A N/A

8:30 AM PRODUCTIVITY 3Q -- 3.3%

8:30 AM UNIT LABOR COSTS 3Q -- -1.4%

FRIDAY, NOV. 06

8:30 AM NONFARM PAYROLLS OCT. -- 142,000

8:30 AM UNEMPLOYMENT RATE OCT. -- 5.1%

8:30 AM AVERAGE HOURLY EARNINGS OCT. -- 0.2%

3 PM CONSUMER CREDIT SEPT. - $16 BLN


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Epic research special report of 05 nov 2015