Epic research special report of 11 sep 2015

DAILY REPORT

11th

SEPT. 2015

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Global markets at a glance Asian shares rose on Friday thanks to gains on Wall Street, while the dollar steadied after facing pressure from a rally-ing yuan and U.S. data that offered no clarity on whether the Federal Reserve might raise interest rates next week. MSCI's broadest index of Asia-Pacific shares outside Japan was up about 0.2%, on track for a 3% rise for the week. On Wall Street, major indexes marked solid rises on Thurs-day, but European stocks broke a three-day run of gains with a drop of nearly 1.5%. Japan's Nikkei stock index dipped 0.4 percent, but was poised to end a volatile week more than 2 percent higher. Govt data released before the market open showed that large Japanese manufacturers' sentiment turned positive in the July-Sept quarter, suggest-ing that companies were taking China's recent slowdown in stride. The DJI average rose 76.83 points, or 0.47%, to 16,330.4, the S&P 500 gained 10.25pts, or 0.53%, to 1,952.29 and the Nasdaq Composite added 39.72pts, or 0.84%, to 4,796.25. Previous day Roundup The market showed smart recovery in late trade, though it ended in red. Sensex fell 432pts intraday following global weakness, but consistent DII support and buying in capital goods, auto and select banking stocks helped benchmark indices cut significant losses. There was profit booking too, as market rallied more than 3% in previous two sessions. The Sensex dropped 97.41pts to 25622.17 and the Nifty lost 30.50pts to 7788.10. However, the BSE Midcap outper-formed benchmarks, up 0.65 percent. Even market breadth improved, though it remained in favour of declines. About 1482 shares declined against 1122 shares advanced on BSE compared to 5:1 ratio in favour of declines in morning trade. DII have consistently been net buyers since Aug 11 and they have bought more than Rs 22,000 cr worth of eq-uity shares in Aug & Sept yesterday, they have purchased Rs 66.6 r worth of shares while FII sold Rs 121.19 cr worth of shares Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 187.32pts], Capital Goods [up 145.82pts], PSU [down 50.27pts], FMCG [up 1.14pts], Realty [down 7.79pts], Power [down 3.37pts], Auto [up 122.98Pts], Healthcare [down 10.00Pts], IT [down 81.90pts], Metals [down 56.44pts], TECK [down 48.05pts], Oil& Gas [down 14.91pts].

World Indices

Index Value % Change

D J l 16330.40 +0.47

S&P 500 1952.29 +0.53

NASDAQ 4796.25 +0.84

FTSE 100 6155.81 -1.18

Nikkei 225 18264.11 -0.19

Hong Kong 21869.04 +1.42

Top Gainers

Company CMP Change % Chg

TATAMOTORS 355.00 10.10 2.93

TATAPOWER 60.80 1.60 2.70

BOSCHLTD 22,200.00 565.40 2.61

BPCL 838.10 17.85 2.18

BAJAJ-AUTO 2,318.00 48.00 2.11

Top Losers


NMDC 101.00 3.20 -3.07

HINDALCO 76.40 2.20 -2.80

HCLTECH 918.25 24.95 -2.65

POWERGRID 123.90 2.10 -1.67

DRREDDY 3,985.00 56.05 -1.39

Stocks at 52 Week’s HIGH

Symbol Prev. Close Change %Chg

ABBOTINDIA 5,448.00 60.55 1.12

CEATLTD 1,205.00 64.75 5.68

Indian Indices


NIFTY 7788.10 -30.50 -0.39

SENSEX 25622.17 -97.41 -0.38

Stocks at 52 Week’s LOW

Symbol Prev. Close Change %Chg

ADANITRANS 26.95 -0.10 -0.37

ALBK 75.40 -2.00 -2.58

COX&KINGS 216.75 -10.85 -4.77

SHAKTIPUMP 128.70 0.85 0.66

SOBHA 254.55 -3.90 -1.51

SYNDIBANK 77.55 -0.60 -0.77

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DAILY REPORT

11th

SEPT. 2015


STOCK RECOMMENDATION [CASH] 1. COX&KINGS {CASH}

COX&KINGS made new 52 week low of 216 & finished with 4% loss at 217.90, it create bearish candle on EOD chart since last year it given breakout above 218 so if tomorrow it break 216 then it will face resistance at 218 so sell it be-low 215 use stop loss of 218.10 for target of 212-209-205 MACRO NEWS IIP DATA will be announced after market hours. Saudi Aramco to open office in India for crude sales OSCB begins 'Banks on Wheels' service in remote areas Nestle to use digital marketing platforms for 'Maggi' Toshiba JSW bags Rs 3,436 crore order from UPRVUNL

for 660 MW thermal power plant Union Cabinet approves National Offshore Wind Energy

Policy Piramal Enterprises likely to scoop up IL&FS in all-stock

deal to create Rs 15,000 crore entity Directorate General of Safeguards favours 20% duty on

import of certain categories of steel TRAI to come out with recommendations on call drops

by Oct 15. Arvind ties up with retailer Sephora Spectrum trading rules likely hit RCom, Sistema merger

talks. Deal cost likely to rise by `3980 cr Fin Min Official Says Plan To Raise `15,000 Cr From Sov-

ereign Gold Bond In FY16 TVS Motor Signs MoU With Tamil Nadu Govt For `350 Cr

Investment Vedanta Goes For Workforce Reduction, Cost Cuts L&T gets shareholders’ nod to raise `9600 cr MRF Signs MoU With Tamil Nadu Govt To Invest Up To

`4,500 Cr.

STOCK RECOMMENDATIONS [FUTURE] 1. ABIRLANUVO [FUTURE]

At last session ABRILANUVO Future finished around 2% gain near breakout of 2050, since index given recovery after gap down open and RSI also given positive crossover with posi-tive divergence so we can see a bonce up to 2100 level so we advise to buy it above 2050 for target of 2070-2100 use stop loss of 2020. 2. ARVIND [FUTURE]

after gap down start ARVIND Future traded in very narrow range but it also bounce from lower level and on EOD chart it finished with bullish hammer since it is respecting to 250-255 and market is also volatile so it will be good to buy in decline around 252-256 with strict stop loss of 249 for target of 260-264


DAILY REPORT

11th

SEPT. 2015


FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 8,000 80.55 6,20,553 38,62,550

NIFTY CE 7,800 171.65 4,66,852 26,96,975

BANKNIFTY CE 17,000 285.65 70,550 5,80,650

LT CE 1,600 57.50 4,374 1,47,375

SBIN CE 230 9.50 3,848 17,36,000

TATASTEEL CE 240 12.25 3,831 11,20,000

HINDALCO CE 80 2.90 3,348 56,06,000

RELIANCE CE 900 10.00 3,226 9,89,000

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 7,600 77.60 4,94,315 39,16,925

NIFTY PE 7,500 56.95 4,66,561 42,99,275

BANKNIFTY PE 16,000 178.00 53,730 4,37,700

LT PE 1,550 19.25 2,487 1,25,625

YESBANK PE 680 14.70 2,376 3,52,500

RELIANCE PE 860 15.95 2,317 3,48,500

TATA-MOTORS

PE 340 8.45 2,170 3,92,000

TATASTEEL PE 230 5.60 2,087 7,64,000

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 81804 1768.10 97049 2041.50 1048823 22342.70 -273.40

INDEX OPTIONS 782431 17016.07 773057 16659.18 3933857 92236.98 356.88

STOCK FUTURES 90878 2360.14 80211 2047.78 1846829 45764.52 312.36

STOCK OPTIONS 78436 1850.62 82714 1963.93 101046 2452.83 -113.31

TOTAL 282.54

STOCKS IN NEWS M&M to launch petrol variant of S101 by 2016-end L&T looks at Rs 3,000 crore orders from Sri Lanka Suven Life gets patents for neurodegenerative drug JSW Steel's output drops 4% at 10.66 lakh tonnes in

August. JSW Steel to gain most from safeguard duty Tata Motors, France's Total Lubrifiants ink pact for lu-

bricants supply Tata Steel starts production at Coke Ovens in Kalinga-

nagar NIFTY FUTURE

NIFTY FUTURE as expected in previous session opened down and than made rally to cover the gap and closed with a bullish candlestick. But it has a strong resistance around 7880 so it is expected that Nifty can come down from there. So we advise you to sell on rise it around 7880-7900 for the targets of 7800-7700 with stop loss of 8000

INDICES R2 R1 PIVOT S1 S2

NIFTY 7,902.00 7,854.00 7,845.00 7,704.00 7,620.00

BANK NIFTY 17,019.00 16,808.00 16,500.00 16,289.00 15,981.00


DAILY REPORT

11th

SEPT. 2015


RECOMMENDATIONS

GOLD

TRADING STRATEGY:

BUY GOLD OCT ABOVE 26200 TGTS 26280,26380 SL BE-

LOW 26100

SELL GOLD OCT BELOW 26000 TGTS 25920,25820 SL

ABOVE 26100

SILVER

TRADING STRATEGY:

BUY SILVER DEC ABOVE 35500 TGTS 35700,36000 SL BE-

LOW 35200

SELL SILVER DEC BELOW 35200 TGTS 35000,34700 SL

ABOVE 35500

COMMODITY ROUNDUP

U.S. crude oil futures gave back some of their overnight gains, after rallying 4 percent on U.S. Energy Information Administration data that showed strong demand for gaso-line. U.S. crude was down about 0.7 percent in Asian trading at $45.61 a barrel. Brent, which gained 2.8 percent in the previous session, was down 0.5 percent at $48.67.

Spot gold was steady from U.S. levels at $1,111.15 an

ounce, but on track to drop about 1% for the week. The govet is gearing up to launch the gold monetisation scheme around Diwali with an interest rateof 1.5-2% on gold depos-its. As regards the sovereign gold bond scheme, the govt aims to raise Rs 15,000 crore and the timing of the launch will be decided in consultations with the Reserve Bank. The interest rate on gold bonds, is expected to be 2-3%.

Copper futures held near the prior session's seven-week high on Thursday, as weak China inflation data reinforced

views that Beijing will roll out fresh support measures soon for the world's second largest economy. MCX Copper was trading at Rs 365.25 per kg, up 0.51%. The prices tested a high of Rs 368 per kg, and low of Rs 362.10 per kg. Copper for December delivery on the Comex division of the NYMEX-inched up 0.6 cents, or 0.26%, to trade at $2.443 a pound during morning hours in London.

Govt data released earlier showed that Chinese producer prices fell by a more-than-expected 5.9% in August, the 42nd straight monthly decline and the worst reading since October 2009. Copper prices have been under heavy selling pressure in recent months as fears of a China-led global eco-nomic slowdown spooked traders and rattled sentiment. The turmoil in markets began when China unexpectedly de-valued the yuan on August 11, sparking fears that the econ-omy may be slowing at a faster than expected rate.

Lead prices were down by 0.48% to Rs 113.60 per kg in fu-tures trade amid subdued spot demand in the domestic

market and weak global cues. At the MCX the Sept month contract of lead fell by 55 paise or 0.48% to Rs 113.60 per kg in a business turnover of 239 lots. The October month con-tract of the metal eased by 35 paise or 0.30% to Rs 114.75 per kg in 11 lots. The fall in lead futures was due to a sub-dued demand from battery-makers in domestic markets and a weakening trend in base metals overseas.


DAILY REPORT

11th

SEPT. 2015


NCDEX

NCDEX ROUNDUP the forecast for global cereal production in 2015 stands at 2 540 mn tonnes, 13.8 mn tonnes more than expected in July, but still 21 mn tonnes (0.8%) below the 2014record. The upward revision resulted from more buoyant production prospects for coarse grains, wheat and rice. Prospects for world rice production have also improved since July 2015,albeit by only 1.3 mn tonnes, mainly attributable to India. Based on the current forecast of 501 mn tonnes, global rice production would be 3.6 mn tonnes(0.7%) greater than in 2014. The FAO forecast for world cereal stocks by the close of the seasons in 2016 has been raised by almost 12 mn tonnes since July, to 643 mn tonnes, on account of more optimistic crop prospects, putting this sea-son's ending inventories only 6 mn tonnes (1%) below its record high opening level. Global agri commodities prices fell sharply to hit seven-year low in August due to ample supplies, a slump in energy prices and concerns over economic slowdown in China. Measured by the FAO of the UN, the food price index aver-aged 155.7 points in August 2015, down 5.2% from July, the steepest monthly drop since December 2008, with virtually all major food commodities registering marked dips. MCX Mentha oil futures soared nearly 1% today amid good buying support as lows near Rs 900 per kg mark over last two sessions acted in favor of the counter. The counter had witnessed subdued trade in last week and continued the weak spell this week too, falling near its one month low slightly under Rs 900 per kg levels as traders eyed soft de-mand in the ready markets. However, weak INR, which is hovering just under its two year low against the US dollar is triggering some buying now as export demand is expected to get some support from the weak local currency.

NCDEX INDICES

Index Value % Change

CAETOR SEED 4148 +0.53

CHANA 4538 +0.33

CORIANDER 11000 -1.03

COTTON SEED 2065 -1.24

GUAR SEED 4050 +3.98

JEERA 4264 -0.16

MUSTARDSEED 15660 +0.57

REF. SOY OIL 564.1 +0.71

TURMERIC 7864 -1.87

WHEAT 1505 -0.20

RECOMMENDATIONS DHANIYA

BUY CORIANDER OCT ABOVE 11215 TARGET 11245 11315

SL BELOW 11189

SELL CORIANDER OCT BELOW 11108 TARGET 11078 11008

SL ABOVE 11138

GUARSGUM

BUY GUARGUM OCT ABOVE 9280 TARGET 9330 9400 SL

BELOW 9220

SELL GUARGUM OCT BELOW 9060 TARGET 9010 8940 SL

ABOVE 9120


DAILY REPORT

11th

SEPT. 2015


RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 66.5840 Yen-100 55.1400

Euro 74.7139 GBP 102.2930

CURRENCY

USD/INR

BUY USD/INR SEP ABOVE 66.73 TARGET 66.86 67.01 SL BE-

LOW 66.53

SELL USD/INR SEP BELOW 66.54 TARGET 66.41 66.26 SL

ABOVE 66.74

EUR/INR

BUY EUR/INR SEP ABOVE 74.94 TARGET 75.09 75.29 SL BE-

LOW 74.74

SELL EUR/INR SEP BELOW 74.55 TARGET 74.4 74.2 SL ABOVE

74.75

CURRENCY MARKET UPDATES: Snapping its two-day rising trend, the rupee slipped mar-ginally by two paise at 66.43 against the US dollar on good demand for the greenback from banks and importers. The domestic unit resumed lower at 66.72 as against yester-day’s closing level of 66.41 at the Interbank Forex market and fell further to 66.76 on initial dollar demand from banks and importers. However, it recovered afterwards to 66.42 on selling of dollars by exporters in view of recovery in the equity market, but still ended down by 2 paise, or 0.03 per cent, at 66.43. The domestic currency had gained 41 paise, or 0.62 per cent, in last two trading sessions. It hovered in a range of 66.42 to 66.76 during the day. The benchmark six-month premium payable in February eased to 199-201 paise from 203-205 paise yesterday and far forward August 2016 contracts also fell to 414-416 paise from 417-419 paise. The rupee fell against the pound sterling to close at 102.32 as against 102.00 yesterday and also declined against the euro to 74.34 from 73.99. How-ever, it recovered against the Japanese currency to finish at 54.81 per 100 yen as against 54.99 yesterday. The dollar index, edged up about 0.1% to 95.530. The dol-lar inched about 0.1% higher against the yen to 120.74, while the euro was nearly flat from U.S> levels at $1.1279. The greenback came under pressure overnight as China's yuan shot higher in offshore markets on what was sus-pected to rare intervention by Chinese state banks, likely taking aim at speculators betting against the currency.

USD/JPY was up 0.19% to 120.73, off the one-and-a-half week highs of 121.28 hit overnight. The dollar was little changed against the euro with EUR/USD at 1.1205 and USD/CHF at 0.9755. The dollar was lower against the pound, with GBP/USD up 0.18% to 1.5394.

The pound received a boost after the Bank of England kept monetary policy unchanged on Thursday and said recent market turmoil related to China's slowdown hasn't altered the view that the time for a rate increase is approaching.


DAILY REPORT

11th

SEPT. 2015


CALL REPORT

S T O

PERFORMANCE UPDATES

Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

10/09/15 NCDEX DHANIYA OCT. BUY 11482 11512-11582 11456 SL TRIGGERED

10/09/15 NCDEX DHANIYA OCT. SELL 11270 11240-11170 11300 BOOKED FULL PROFIT

10/09/15 NCDEX GUARGUM OCT. BUY 8750 8800-8870 8690 BOOKED FULL PROFIT

10/09/15 NCDEX GUARGUM OCT. SELL 8650 8600-8530 8710 NOT EXECUTED

10/09/15 MCX GOLD OCT. BUY 26100 26180-26280 26000 BOOKED FULL PROFIT

10/09/15 MCX GOLD OCT. SELL 26000 25920-25820 26100 NOT EXECUTED

10/09/15 MCX SILVER DEC. BUY 35400 35600-35900 35100 BOOKED PROFIT

10/09/15 MCX SILVER DEC. SELL 35100 34900-34600 35400 NOT EXECUTED

10/09/15 USD/INR SEPT. BUY 66.72 66.85-67 66.52 BOOKED PROFIT

10/09/15 USD/INR SEPT. SELL 66.45 66.32-66.17 66.65 NOT EXECUTED

10/09/15 EUR/INR SEPT. BUY 74.5 74.65-74.85 74.30 BOOKED FULL PROFIT

10/09/15 EUR/INR SEPT. SELL 74.10 73.95-73.75 74.30 NOT EXECUTED

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

10/09/15 NIFTY FUTURE BUY 7750 7850-7950 7600 BOOKED PROFIT

10/09/15 SBIN FUTURE SELL 234-235 231.5-229 237.1 NOT EXECUTED

10/09/15 JINDALSTEEL FUTURE BUY 63.5 64.5-66 62 NOT EXECUTED

10/09/15 INDHOTEL CASH BUY 84.5 87-89 80.90 NOT EXECUTED


DAILY REPORT

11th

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. 07

NONE SCHEDULED

LABOR DAY

TUESDAY, SEP. 08

6 AM NFIB SMALL-BUSINESS INDEX AUG. -- 95.4

3 PM CONSUMER CREDIT JULY -- $21 BLN

WEDNESDAY, SEP. 09

10 AM JOB OPENINGS JULY -- 5.3 MLN

10 AM QUARTERLY SURVEY OF SERVICES 2Q -- --

THURSDAY, SEP. 10

8:30 AM WEEKLY JOBLESS CLAIMS SEPT. 5 -- 282,000

8:30 AM IMPORT PRICES AUG. -- -0.9%

10 AM WHOLESALE TRADE JULY -- 0.9%

FRIDAY, SEP. 11

8:30 AM PRODUCER PRICE INDEX AUG. 0.1% 0.2%

10 AM CONSUMER SENTIMENT AUG. -- 91.9

2 PM FEDERAL BUDGET AUG. -- -$129 BLN


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Epic research special report of 11 sep 2015