Epic research special report of 22 feb 2016

DAILY REPORT 22

nd FEB. 2016

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Global markets at a glance

Wall Street ended little changed on Friday, as Applied Ma-terials helped lift the tech sector and offset a renewed drop in oil prices, with major indexes capping their best week of the year. The Nasdaq rose, helped by a 7 percent jump in Applied Materials shares after the chip equipment provider gave a strong profit and revenue forecast for the current quarter. Buoyed by big gains on Tuesday and Wednesday, the major indexes posted their best weekly performances this year, with the Nasdaq tallying its strongest week since July. The S&P 500 remains down 6.2 percent this year, however, hurt by oil's prolonged slide and fears of China-led slowdown in the global economy.

European shares turned lower on Friday, hit by a drop in bank, oil and auto shares, as investors locked in gains fol-lowing a strong week that has helped to stabilise markets after a tumultuous start to the year. The pan-European FTSEurofirst 300 was down 0.7 percent at 1,285.07 points at the close, but still gained 4.3 percent since Monday, posting its best week since October 2015. The index had been buoyed by gains in bank and energy stocks this week after a tough start to the year, but those sectors saw profit-taking on Friday.

Previous day Roundup

It was a consolidation session for the market on Friday but the week was strong as equity benchmarks saw biggest weekly gains in 2016 on short covering and globally rally & oil recovery. The market gained for third consecutive ses-sion with the Sensex rising 59.93 pts to 23709.15. The Nifty closed above 7200 level, up 19 pts to 7210.75, supported by technology & oil and select banks & auto stocks. Experts say the market may continue to consolidate in near term, though rally may be seen in long term. For the week, the Sensex and Nifty rallied 3% each, the biggest weekly upside in current calendar year and also the biggest since October 2015. The broader markets underperformed benchmarks today with the BSE Midcap down 0.12% and Smallcap rising 0.16%. The market breadth was positive as about 1303 shares advanced against 1198 advancing shares on the BSE.

Index stats

The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 5.63pts], Capital Goods [down 18.75Pts], PSU [down 7.79pts], FMCG [up 9.15Pts], Realty [up 1.03pts], Power [up 6.86pts], Auto [up 143.07Pts], Healthcare [down 2.04Pts], IT [up 42.70pts], Metals [up 5.39Pts], TECK [up 31.91pts], Oil& Gas [down 85.62pts].

World Indices

Index Value % Change

D J l 16391.99 -0.13

S&P 500 1917.78 +0.00

NASDAQ 4504.43 +0.38

FTSE 100 5950.23 -0.36

Nikkei 225 15967.17 -1.42

Hong Kong 19285.50 -0.40

Top Gainers

Company CMP Change % Chg

PNB 75.95 3.50 4.83

HEROMOTOCO 2,705.00 87.25 3.33

SBIN 164.95 5.15 3.22

BOSCHLTD 16,890.00 509.60 3.11

ASIANPAINT 856.80 21.55 2.58

Top Losers


BPCL 764.35 25.40 -3.22

MARUTI 3,560.00 93.25 -2.55

VEDL 74.35 1.50 -1.98

BHEL 101.70 2.00 -1.93

COALINDIA 312.20 5.40 -1.70

Stocks at 52 Week’s HIGH

Symbol Prev. Close Change %Chg

- -

Indian Indices


NIFTY 7210.75 +19.00 +0.26

SENSEX 23709.15 +59.93 +0.25

Stocks at 52 Week’s LOW

Symbol Prev. Close Change %Chg

HDFC 1,059.65 -9.45 -0.88

HINDCOPPER 44.70 1.10 2.52

SOBHA 242.15 -1.35 -0.55

STCINDIA 98.00 -4.05 -3.97

SUVEN 145.40 -8.90 -5.77

TRITURBINE 92.10 -2.40 -2.54

BHEL 101.70 -2.00 -1.93

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DAILY REPORT 22

nd FEB. 2016


STOCK RECOMMENDATION [CASH]

3. SUVEN

Suven is too weak stock on daily chart it made new 52 week low now it don't have any support up to 135 so it will be good to sell below 144 for target of 141 138 135 with strict stop loss of 147

MACRO NEWS

TataSteel talks to sell European long pdts biz for Rs 3K cr

L&T bags international orders worth Rs 1,404 cr

No tax, regulatory issue since filing RHP, clarifies Team-Lease

Suven Life gets patent for neuro-degenerative drug

Etihad stake hike may add $300-400mn to Jet kitty by Mar'16: CAPA

Maruti Suzuki Co Says Due To Agitation In Rohtak, Sup-plies Of Certain Components Disrupted

IDBI Bank board Approves `1500 Cr worth preferential issue to LIC

Godrej Properties To Sell Commercial Assets Worth `1,500 Cr: From PTI

RCF Likely To Get PIB Clearance For `5,500 Cr Urea Plant: From PTI

ONGC Gets Green Panel Nod For `1,752 Project In Guja-rat

Jet Airways Clarifies: News of Etihad Raising Stake is speculative

Strides Shasun: US FDA Concludes Inspection At Strides-Shasun Bengaluru Facility

JK Tyre: CCI Approves acquisition of Cavendish Ind

Renewable energy stocks - CERC floats draft regulations on renewable energy target and grid operations

Divi's Labs says US FDA Inspected Unit-2 At Chippada, Vizag; No Observations Made

STOCK RECOMMENDATIONS [FUTURE] 1. PFC [FUTURE]

Last week PFC future create bottom near to 140 level but it is facing resistance at 156 and at last session it finished at 153.20 with long bullish candle so we advise to buy it around 148-150 for target of 155 160 170 with stop loss of 144. 2. ARVIND [FUTURE]

We seen last sharp fall in starting February expiry but this week ARVIND future hold level because of it has strong sup-port around 262 but 300 will be psychological resistance since this week it bounce from 100DMA of 269 on weekly chart so we advise to buy it in decline around 273-275 with stop loss of 255 for target of 295 320.


DAILY REPORT 22

nd FEB. 2016


FUTURE & OPTION

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 7,200 51.30 5,87,716 44,90,925

NIFTY CE 7,400 3.80 2,29,346 60,51,900

BANKNIFTY CE 14,500 71.00 1,14,291 5,92,680

SBIN CE 170 1.65 6,579 68,30,000

TATASTEEL CE 260 2.80 4,029 21,48,000

ICICIBANK CE 200 3.15 3,682 55,43,700

LT CE 1,200 5.60 2,658 6,33,000

MARUTI CE 3,700 14.25 2,476 1,51,625

MOST ACTIVE PUT OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 7,100 18.05 4,08,393 45,30,075

NIFTY PE 7,200 47.85 3,62,591 50,56,350

BANKNIFTY PE 14,000 39.80 1,21,615 5,17,440

SBIN PE 160 1.80 3,480 40,40,000

SBIN PE 150 0.45 2,410 39,60,000

BHEL PE 100 2.25 2,187 13,70,000

TATSTEEL PE 240 1.70 2,091 21,46,000

LT PE 1,100 5.50 1,775 2,63,700

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 33082 1695.34 49856 2541.70 329013 17106.97 -846.36

INDEX OPTIONS 702308 36317.29 736351 37965.00 1476008 78194.44 -1647.70

STOCK FUTURES 138979 5984.88 139152 6018.36 1179437 50453.78 -33.49

STOCK OPTIONS 52341 2183.03 54459 2276.98 91061 3802.10 -93.95

TOTAL -2621.50

STOCKS IN NEWS Lupin Co along with Gavis to divest 2 generic drugs DLF brands may shut down Kidswear & Baby products

portal Electrosteel Steels Lenders to take the non SDR Route India set to seal major power deal in Bangladesh, beat-

ing China Nestle's Maggi market share shrinks 35%, ITC’s Yippee

grabs 33% Maruti Suzuki suspends production in north India amid

Jat protests India’s crude oil import bill for current fiscal may fall

45% NIFTY FUTURE

Nifty future remained range bound in last trading ses-sion. It kept fluctuating around 80 points and in the end-ing hours its signaled the bullishness. Now nifty take an upside rally respecting the Union budget this week. So we advise you to buy it above 7250 for the targets of 7350 and 7500 with strict stop loss of 7100

INDICES R2 R1 PIVOT S1 S2

BANK NIFTY 7,283.00 7,257.00 7,201.00 7,175.00 7,119.00

NIFTY 14,504.00 14,424.00 14,315.00 14,235.00 14,126.00


DAILY REPORT 22

nd FEB. 2016


RECOMMENDATIONS

GOLD

TRADING STRATEGY:

BUY GOLD ABOVE 29600 TARGET 29680 29780 SL 29500

SELL GOLD BELOW 29300 TARGET 29220 29120 SL 29200

SILVER

TRADING STRATEGY:

BUY SILVER ABOVE 37800 TARGET 38000 38300 SL 37500

SELL SILVER BELOW 37400 TARGET 37200 36900 SL 37800

COMMODITY ROUNDUP Indian Copper markets were static ahead of weekend and lack of triggers. The prices were trading at Rs 315.60 per kg against Rs 314.80 per kg. The prices tested a high of Rs 318.05 per kg and a low of Rs 314.55 per kg. The World Bu-reau of Metal Statistics newly released data showed that in 2015, global copper supply surplus of 146,000 tons, while 2014 cooper surplus of 116,000 tons. In 2015, global copper consumption was 22.931mn tons; while, 2014 copper con-sumption was 22.811mn tons. In 2015, Chinese copper ap-parent demand increased by 148,000 to 11.451mn tons, account 50% of total global demand. Meanwhile, Indian mines ministry has written to the finance ministry for scrap-ping of 10 percent export duty on iron ore with Fe content below 58 percent, a move that is designed to make the min-ing industry in Goa more competitive. Besides, it has also requested the finance ministry to consider raising the im-port duty on aluminium products by 2.5% to 7.5% and not raise the same on aluminium scrap. The global nickel mar-ket recorded its fourth straight year of oversupply in 2015, with output outpacing demand by 80,700 tonnes, data from the International Nickel Study Group showed on Thursday. Lead futures rose 1.47% to Rs 120.95 per kg on the back of strong demand in spot market and a firming trend overseas. At MCX lead for delivery in March edged higher by Rs 1.75 or 1.47% at Rs 120.95 per kg with a turnover of 26 lots. Also, the metal for delivery this month traded Rs 1.65, or 1.39% higher at Rs 120.25 per kg in 325 lots. Pick-up in domestic demand, particularly from battery-makers and a firming trend in base metal pack LME amid optimism that demand will recover in China after the govt signaled increased sup-port for the economy through higher spending and new measures to boost bank lending. Globally, at the LME, lead, used to make batteries, increased as much as 2.4%, the big-gest daily gain since Feb 8, to $1,763.5 per tonne. MCX Zinc gained about 1% amid a generally supportive un-dertone in metals today as buying stayed in place for the metal amid strong Chinese Zinc imports. Traders also eyed the setback in global supplies following mining output cuts. The commodity rose sharply yesterday, recovering from a one week low and added around 3% to close at Rs 117 per kg. The commodity is currently trading at Rs 118.10 per kg for February delivery, up 0.90% on the day. Technically driven supports have also swung into action for the counter as the latest rebound has occurred exactly after the metal came off its 20 day EMA. LME Zinc inventories have surged in last couple of sessions but remain around 50000 tonnes- down about 20% in last six months.


DAILY REPORT 22

nd FEB. 2016


NCDEX

NCDEX INDICES

Index Value % Change

CHANA 4255 -0.95

CORIANDER 6639 -3.99

COTTON SEED 2108 -0.71

GUAR SEED 3105 -0.51

JEERA 14345 -1.88

MUSTARDSEED 3988 -0.57

SOY BEAN 3789 -0.11

SUGAR M GRADE 3075 -1.50

TURMERIC 8744 -0.70

RECOMMENDATIONS

DHANIYA

BUY CORIANDER APR ABOVE 6780 TARGET 6825 6975 SL

BELOW 6715

SELL CORIANDER APR BELOW 6600 TARGET 6555 6405 SL

ABOVE 6665

GUARGUM

BUY GUARGUM MARABOVE 5880 TARGET 5930 6000 SL

BELOW 5820

SELL GUARGUM MARBELOW 5680 TARGET 5630 5560 SL

ABOVE 5740

After almost a month since trading of castor seed futures was suspended, leading commodity derivative exchange for agri commodities NCDEX is keen to re-launch it. However, before that, it is reviewing surveillance and risk manage-ment, and has ordered internal audits of four members who were put on square-off mode and a forensic audit of the whole episode to find out what went wrong. The foren-sic audit began last week and its report is expected next month. It will be a holistic report that will look in to all as-pects of castor seed futures, including trading pattern, and explore whether there was meeting of minds or use of proxy to build positions, The forensic audit will also cover members and exchange officials. Flows of Indian white sugar to Myanmar, a gateway fors-muggling into China, are slowing down, while Brazilian sugar is becoming more competitive due to cheaper freight. Volumes of white sugar shipped to Myanmar soared last year and early this year due to jump in smuggling into-China because of high domestic prices in the world's top sugar buyer. Up to 1mt of sugar is trafficked into China every year, a Chinese agriculture ministry official said. The bulk of the smuggled white sugar came from India and Thai-land, with far-away Brazil supplying a much lower share. But persistently high domestic Indian sugar prices, around $30 per tonne above world prices, are now reducing incen-tives to ship low quality Indian whites to Myanmar. A fall in onion prices in the domestic market has resulted indehydrated onion exports rising by 30% at the opening of a new production season. The dehydrated onion industry begins fresh production and exports from January every year which goes on till July.


DAILY REPORT 22

nd FEB. 2016


RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 68.4940 Yen-100 60.1500

Euro 76.3297 GBP 97.8642

CURRENCY

USD/INR

BUY USD/INR FEB ABOVE 68.76 TARGET 68.89 69.04 SL BE-

LOW 68.56

SELL USD/INR FEB BELOW 38.37 TARGET 38.24 38.09 SL

ABOVE 38.57

EUR/INR

BUY EUR/INR FEB ABOVE 76.8 TARGET 76.95 77.15 SL BE-

LOW 76.6

SELL EUR/INR FEB BELOW 76.13 TARGET 75.98 75.78 SL

ABOVE 76.33

CURRENCY MARKET UPDATES:

The US dollar continues to hold steady against a basket of

currencies on Friday with investors eyeing the release of

U.S. inflation data due later in the day. Oil prices began to

decline once again. The dollar index, which measures the

greenback's strength against a trade-weighted basket of six

major currencies, was at 96.85.

Meanwhile, demand for the safe-haven yen strengthened

as oil prices resumed their downward trend on Friday, a

day after the Energy Information Administration said U.S.

crude inventories rose by 2.1 million barrels last week, to a

peak of 504.1 million barrels. USD/JPY slid 0.34% to 112.87.

The European unit was little changed at 1.1101 versus the

greenback. Sentiment on the single currency remained vul-

nerable after the minutes of the European Central Bank's

January meeting, released on Thursday, signaled that the

bank is prepared to inject further monetary easing next

month if necessary to bolster growth.

As against the pound, dollar was higher with GBP/USD

down 0.32% at 1.4290. Retail sales in UK rose 2.3% in Janu-

ary, beating expectations for a 0.8% gain. Year-on-year,

retail sales climbed 5.2% last month, exceeding expecta-

tions for a 3.6% rise. Core retail sales, which exclude auto-

mobiles and fuel, increased by 2.3% in January, compared

to expectations for an uptick of 0.7%.

Sterling held gains against the dollar in choppy trading late

on Friday after European Union Council President Donald

Tusk said an agreement to keep Britain in the bloc won

unanimous support from all of the states' 28 leaders. Late

on Friday, sterling rose 0.4 percent against the dollar to

$1.4387, while the euro slipped 0.1 percent against the

British pound to 77.36 pence. The summit was forced into

extra time on Friday as British Prime Minister David Cam-

eron struggled for a deal he could sell to skeptical British

voters in a referendum promised by the end of 2017 but

that is likely to come in June


DAILY REPORT 22

nd FEB. 2016


Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

19/02/16 NCDEX DHANIYA APR. BUY 6956 7001-7151 6891 NOT EXECUTED

19/02/16 NCDEX DHANIYA APR. SELL 6850 6805-6655 6915 BOOKED FULL PROFIT

19/02/16 NCDEX GUARGUM MAR. BUY 5850 5900-5970 5790 SL TRIGGERED

19/02/16 NCDEX GUARGUM MAR. SELL 5740 5690-5620 5800 NO PROFIT NO LOSS

19/02/16 MCX GOLD APR. BUY 29300 29380-29480 29200 BOOKED FULL PROFIT

19/02/16 MCX GOLD APR. SELL 29100 29020-28920 29200 NOT EXECUTED

19/02/16 MCX SILVER MAR. BUY 37600 37800-38100 37300 BOOKED FULL PROFIT

19/02/16 MCX SILVER MAR. SELL 37200 3700-36700 37500 BOOKED FULL PROFIT

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

19/02/16 NIFTY FUTURE SELL 7200-7210 7100-7000 7350 NO PROFIT NO LOSS

19/02/16 JUSTDIAL FUTURE SELL 523 513-500 431 SL TRIGGERED

19/02/16 HINDZINC FUTURE SELL 167.5-168.5 164-160 172 NOT EXECUTED

18/02/16 NIFTY FUTURE SELL 7200-7210 7100-7000 7350 CALL OPEN

17/02/16 JUBLFOOD FUTURE BUY 1050 1065-1072 1220 CALL OPEN


DAILY REPORT 22

nd FEB. 2016


NEXT WEEK'S U.S. ECONOMIC REPORTS

ECONOMIC CALENDAR

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Disclaimer

TIME REPORT PERIOD ACTUAL CONSENSUS

FORECAST PREVIOUS

MONDAY, FEB.22

8:30 AM CHICAGO FED NATIONAL ACTIVITY JAN. -- -0.22

9:45 AM MARKIT PMI FLASH FEB. -- 52.4

TUESDAY, FEB. 23

9 AM CASE-SHILLER U.S. HOME PRICES DEC. -- 5.3% YOY

10 AM CONSUMER CONFIDENCE FEB. 96.9 98.1

10 AM EXISTING HOME SALES JAN. 5.40 MLN 5.46 MLN

WEDNESDAY, FEB. 24

10 AM NEW HOME SALES JAN. 528,000 544,000

THURSDAY, FEB. 25

8:30 AM WEEKLY JOBLESS CLAIMS 2/20 -- N/A

8:30 AM DURABLE GOODS ORDERS JAN. 3.3% -5.0%

FRIDAY, FEB. 26

8:30 AM GROSS DOMESTIC PRODUCT 4Q 0.3% 0.7% (4Q)

8:30 AM ADVANCE TRADE IN GOODS JAN. -$61.2 BLN -$61.5 BLN

10 AM CONSUMER SENTIMENT FEB. 91.9 90.7

10 AM PERSONAL INCOME JAN. 0.4% 0.3%

10 AM CONSUMER SPENDING JAN. 0.4% 0.0%

10 AM CORE INFLATION JAN -- 0.0%


Business

Epic research special report of 22 feb 2016