Epic research special report of 27 oct 2015

DAILY REPORT

27th

OCT. 2015

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Global markets at a glance Asian stocks posted a cautious open on Tuesday, tracking an uninspiring lead from Wall Street amid weakened com-modity prices. Major US averages finished mixed overnight, as energy shares fell in tandem with oil prices and Apple declined a day before its quarterly results. Japan's Nikkei 225 nursed modest losses at the start of trade, remaining just shy of the 19,000 mark that it briefly reclaimed on Monday. Australia's S&P ASX 200 index was directionless in early trade. South Korea's Kospi index edged down, with heavyweight components leading declines. The Dow and the S&P 500 edged lower on Monday as en-ergy shares dropped with oil prices and Apple retreated a day before its quarterly results. Investors were cautious ahead of the Fed's two-day policy meeting, which begins on Tuesday. The market is looking for clues on the outlook for when the Fed may begin raising interest rates. European shares drifted lower on Monday as the effect of China's rate cut faded, although German stocks outper-formed after a business sentiment survey came in better than expected. The pan-European FTSEurofirst 300 index was down 0.4% at 1,484.52 points at the close, after rising 1.95% in the previous session. The euro zone's blue-chip Euro STOXX 50 index was down 0.3%. Germany's DAX out-performed other European indexes, up 0.1 percent, helped by strong gains in utility RWE after a coal reserve deal. Previous day Roundup The BSE Sensex and NSE Nifty witnessed some profit book-ing on Monday despite Asian stock markets gaining on the back of China interest rate cut for a sixth time in less than a year. Sensex closed 108.85 points down at 27,361.96. Nifty closed 34.90 points down at 8,260.55. In the 50-share index, BHEL, Bajaj Auto, Vedanta, Tata Steel and HCL Technologies gained between 1.40 per cent and 3.45 per cent. On the other hand, Asian Paints, YES Bank, Coal India, HDFC and Ultratech Cement slid between 2 per cent and 4.65 per cent. Disappointment over earnings hit shares of HDFC and Asian Paints. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 102.64pts], Capital Goods [up 58.93pts], PSU [up 69.80pts], FMCG [down 6.02Pts], Realty [down 9.81pts], Power [up 9.01pts], Auto [up 25.45Pts], Healthcare [down 27.78Pts], IT [up 26.68pts], Metals [down 52.65pts], TECK [down 7.63pts], Oil& Gas [down 22.24pts].

World Indices

Index Value % Change

D J l 17623.05 -0.13

S&P 500 2071.18 -0.19

NASDAQ 5034.70 +0.06

FTSE 100 6417.02 -0.42

Nikkei 225 18826.76 -0.64

Hong Kong 22923.23 -0.83

Top Gainers

Company CMP Change % Chg

BHEL 217.10 7.15 3.41

BAJAJ-AUTO 2,577.65 62.00 2.46

VEDL 104.40 2.25 2.20

TATASTEEL 250.05 4.05 1.65

HCLTECH 865.20 12.25 1.44

Top Losers


ASIANPAINT 818.95 39.65 -4.62

YESBANK 745.40 25.75 -3.34

COALINDIA 333.10 8.80 -2.57

HDFC 1,306.75 31.15 -2.33

ULTRACEMCO 2,841.70 59.30 -2.05

Stocks at 52 Week’s HIGH

Symbol Prev. Close Change %Chg

AUROPHARMA 832.10 5.10 0.62

DEEPIND 199.50 -7.95 -3.83

GMBREW 551.30 26.25 5.00

KRBL 219.65 13.75 6.68

- -

Indian Indices


NIFTY 8260.55 -34.60 -0.42

SENSEX 27361.96 -108.85 -0.40

Stocks at 52 Week’s LOW

Symbol Prev. Close Change %Chg

ARCOTECH 320.00 -78.10 -19.62

KARURVYSYA 416.00 -7.40 -1.75

RALLIS 207.45 -3.60 -1.71

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DAILY REPORT

27th

OCT. 2015


STOCK RECOMMENDATION [CASH] 3. NDL [CASH]

NDL near to breakout level 135 is strong resistance & it finished at 134.65 with 3.30% gain since here volume also bounce as compare to last one month so we advise to buy it above 136 for target of 138.50-142-146 use SL at 135 MACRO NEWS Results today: Axis Bank, Lupin , Maruti Suzuki, Ve-

danta ,TVS Motor ,Thermax, Tata Comm, Ceat, Dish TV, Alembic Pharma, Strides Arcolab, Mahindra Holidays, Coromandel International, KPR Mill, Nucleus Software Exports, PI Industries, Trident, Shasun Pharma, Bharat Bijlee, Arshiya, IZMO, JK Agri Genetics, kirloskar pneu-matic, Manugraph India, Murudeshwar Ceramics, Navin Fluorine, Supreme Petrochem, Tips Industries

China's central bank on Friday cut interest rates and low-ered the reserve requirement ratio to promote growth and interest rate liberalization. The PBOC cut its bench-mark one-year lending and deposit rates by 25bps each to 4.35% and 1.5%, from Oct 24. The bank also cut the RRR for all financial institutions by 50 basis points.

European Union keen on enhancing cooperation with Indian varsities

RBI rejects plan for 100% FDI in banks Welspun Group eyes $5 billion revenue by 2020: Goenka India's dairy products export seen flat at 30,000 tonnes

in 2016: USDA Essar Projects, Saipem JV bags $1.57bn contract in Ku-

wait Government may double aluminium import duty to 10% Jaypee Group again in talks with JSW to sell its 20 MT

cement portfolio India ecommerce story strong, to hit $35bn by 2019 FIIs/RFPIs Can Now Invest Up To 74% In DEN Networks

STOCK RECOMMENDATIONS [FUTURE] 1. CROMPTON GREAVES [FUTURE]

Last session CROMPGREAV FUTURE traded in last week range & it again faced profit booking at higher level and it create bearish inverted hammer on EOD chart, firstly it is getting support at 182.50 then it has support at 178 while RSI also has bearish pattern so we advise to sell it below 182.50 for target of 180.50-178 use stop loss of 186.60 2. KSCL [FUTURE]

KSCL FUTURE given breakout above 515 & it finished at two months higher level it also has positive divergence for that we can see level up to 587 which is 50% of Fibonacci re-tracement level so we advise to buy it above 525 for target of 535-545-560 use stop loss of 514.


DAILY REPORT

27th

OCT. 2015


FUTURE & OPTION

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 8,300 23.95 12,05,461 54,24,975

NIFTY CE 8,500 1.40 3,80,293 37,77,050

BANKNIFTY CE 18,000 75.95 1,08,151 6,78,425

RELIANCE CE 960 3.40 8,359 8,50,500

LT CE 1,550 5.40 7,611 3,25,875

ASIANPINT CE 860 1.40 5,011 6,32,000

HDFC CE 1,340 3.50 4,646 2,85,250

HDFC CE 1,360 1.70 4,626 3,29,750

MOST ACTIVE PUT OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 8,300 62.50 10,65,133 24,80,000

NIFTY PE 8,200 20.50 10,35,472 58,32,175

BANKNIFTY PE 17,500 59.80 72,027 5,70,325

RELIANCE PE 940 6.85 5,950 7,37,500

HDFC PE 1,300 9.50 4,306 2,50,750

LUPIN PE 2,000 28.00 3,656 2,81,375

TCS PE 2,500 3.95 3,444 2,78,250

HDFC PE 1,320 19.15 3,398 71,250

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 151780 4424.37 105624 3092.28 949269 27457.1 1332.089

INDEX OPTIONS 445219 12390.1 493279 12965.2 2370440 77320.6 -575.063

STOCK FUTURES 440370 13862 404564 14336.8 1610322 51166.3 -474.806

STOCK OPTIONS 74836 2091.59 80629 2270.83 130717 3573.1 -179.237

TOTAL 102.98

STOCKS IN NEWS Bharti Q2 profit falls 2%; Africa biz improves, India

down 1% Nippon to acquire 23% stake in Reliance Life for Rs

2,500 cr Maruti Suzuki launched its global premium hatchback,

Baleno, with a price point beginning from Rs 5.23 lakh REC to raise `700 cr via tax free bonds Reliance Brands to foray into kids wear, beauty biz Crompton Greaves to sell co’s power system biz in Can-

ada To PTI Holdings Corp For EV Of $20 m Nestle plans resume Maggi sales in India in Nov NIFTY FUTURE

Short built-up was seen in Nifty Future, though it opened up at 8400 but saw some profit booking and fell continu-ously with some steadiness. So for tomorrow again we advise you to sell Nifty Future on rise around 8340-8350 for the targets of 8260 and 8150 with strict SL of 8450

INDICES R2 R1 PIVOT S1 S2

NIFTY 8,368.00 8,314.00 8,289.00 8,229.00 8,198.00

BANK NIFTY 18,113.00 17,964.00 17,881.00 17,732.00 17,649.00


DAILY REPORT

27th

OCT. 2015


RECOMMENDATIONS

GOLD

TRADING STRATEGY:

BUY GOLD DEC ABOVE 26900 TGTS 26980,27070 SL BE-

LOW 26800

SELL GOLD DEC BELOW 26700 TGTS 26620,26530 SL

ABOVE 25800

SILVER

TRADING STRATEGY:

BUY SILVER DEC ABOVE 37100 TGTS 37300,37700 SL BE-

LOW 36600

SELL SILVER DEC BELOW 36800 TGTS 36600,36300 SL

ABOVE 36900

COMMODITY ROUNDUP Gold stayed little changed yesterday. Gains in global equi-ties and a failure to hold above the 100 day exponential moving average hit gold on Friday. The COMEX Gold futures witnessed an intraday downswing of around $20 after hit-ting highs near $1180 levels. Global markets remain mostly subdued after recent gains at the start of the week. Inves-tors are contemplating whether US Fed might refrain from raising rates on Wednesday. COMEX Gold is quoting at $1165 per ounce, up 0.20% on the day. MCX Gold futures are also trading at Rs 26816 per 10 grams, flat on the day. The central govt is planning a big-bang launch of three schemes to satisfy the need for investing in gold. The schemes are likely to be launched on Nov 5, a week before Diwali. A final decision on launch date and guidelines for bonds and the interest rate payable are in the final stage. COT report for period ending 20 October 2015 was released last week. The last week report showed that the activities of Merchants were in favor of decrease in long and increase in short positions. In case of Managed Money holders Copper long and short positions decreased. The long positions of Merchants were 23285 against 23810 on 12 October 2015, down 2.2%, while short positions increased by 1807 to 56825 on 20 October 2015 against 55018 on 12 October 2015. Overall the net positions in case of merchants are fa-vouring shorts by 33540. The long positions of Money Man-agers decreased by 1074. The total long position of Copper for the one week period ending 20 October 2015 was 35883. Money managers short positions of Copper de-creased by 736 to 28872 on 20 October 2015. The net posi-tions were in favor of short position holders by 7011. MCX Copper gained ground and was exchanging hands at Rs 343.40 per kg up 0.91%. The prices tested a high of Rs 343.75 per kg and a low of Rs 339.35 per kg. Futures market traders and large oil speculators reduced their overall bullish bets in WTI oil futures last week. The non-commercial contracts of crude oil futures, traded by large speculators, traders and hedge funds, totaled a net position of +251,151 contracts in the data reported for Oc-tober 20th. This was a change of -13,841 contracts from the previous week's total of +264,992 net contracts for the data reported through October 13th. For the week, the standing non-commercial long positions in oil futures dipped by -2,650 contracts and combined with the short positions that rose by +11,191 contracts to total the overall weekly net change of -13,841 contracts.


DAILY REPORT

27th

OCT. 2015


NCDEX

NCDEX ROUNDUP

Turmeric futures climbed 3.17 per cent to Rs 8,714 per quintal in futures market today as traders enlarged posi-tions on the back of rising demand in the spot market. At NCDEX turmeric for delivery in November month surged by Rs 268, or 3.17% to Rs 8,714 per quintal with an open inter-est of 19,480 lots. The December contract shot up by Rs 266, or 3.06 per cent to Rs 8,970 per quintal in 4,130 lots. The sharp rise in turmeric futures to surging demand in the spot market amid restricted supplies from producing belts. Some exports inquiries also supported the upside, they said.

Mentha oil prices rose 0.71% to Rs 918.20 per kg in futures trade as traders created fresh positions, supported by rising demand from consuming industries in spot market. At the MCX mentha oil for delivery in Nov rose by Rs 6.50, or 0.71%, to Rs 918.20 per kg, clocking a business volume of 330 lots. The oil for October delivery traded higher by Rs 5.80, or 0.64%, to Rs 904.40 per kg, with a trading volume of 338 lots. Fresh positions built up by speculators on the back of a rise in demand from consuming industries in the spot market against restricted supplies from Chandausi in Uttar Pradesh led to rise in mentha oil prices at futures trade.

As per a price forecast report by the Junagadh Agriculture University, prices of groundnut and rawcotton crops are likely to firm up during the November 2015 to January 2016 period. The price rise is likely to be led by lack of quality crops as well as growth in domestic and export demand for the same. Apparently, based on its forecast, the university has advised farmers to hold raw cotton (known as 'kapas') and groundnut till January 2016 to get better return on their crop

NCDEX INDICES

Index Value % Change

CAETOR SEED 4136 +1.62

CHANA 4801 -1.42

CORIANDER 10250 -6.00

COTTON SEED 1675 -0.77

GUAR SEED 3936 -2.09

JEERA 16025 -0.59

MUSTARDSEED 5040 -1.29

REF. SOY OIL 622.85 -0.76

TURMERIC 2755 -0.22

WHEAT 8782 +3.98

RECOMMENDATIONS

DHANIYA

BUY CORIANDER NOV ABOVE 10350 TARGET 10378 10458

SL BELOW 10323

SELL CORIANDER NOV BELOW 10200 TARGET 10172 10092

SL ABOVE 10227

GUARSGUM

BUY GUARGUM NOV ABOVE 8280 TARGET 8330 8400 SL

BELOW 8220

SELL GUARGUM NOV BELOW 8060 TARGET 8010 7940 SL

ABOVE 8120


DAILY REPORT

27th

OCT. 2015


RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 64.9603 Yen-100 53.6300

Euro 71.6447 GBP 99.5452

CURRENCY

USD/INR

BUY USD/INR OCT ABOVE 65.03 TARGET 65.16 65.31 SL BE-

LOW 64.83

SELL USD/INR OCT BELOW 64.85 TARGET 64.72 64.57 SL

ABOVE 65.05

EUR/INR

BUY EUR/INR OCT ABOVE 71.8 TARGET 71.95 72.15 SL BE-

LOW 71.6

SELL EUR/INR OCT BELOW 71.6 TARGET 71.45 71.25 SL

ABOVE 71.8

CURRENCY MARKET UPDATES:

In line with equity market, the rupee ended lower by 13

paise to 64.96 against the American currency on month-

end dollar demand from importers. The Indian unit opened

lower at 64.92 as against last Friday’s closing level of 64.83

at the Interbank Foreign Exchange (forex) market and

dropped further to 65.01 on initial dollar demand from

banks and importers before ending at 64.96, showing a

loss of 13 paise or 0.20 per cent. The domestic currency

hovered in a range of 64.90 and 65.01 during the day.

Yesterday the rupee traded weak and closed at 64.96 for

the day. The rupee depreciated by 16 paise to 64.99

against the US currency in early trade due to strong dollar

demand from importers. Dollar index is traded negative

which capped the rupee’s depreciation towards end.

The dollar index was traded at 0.17 per cent lower in the

late afternoon trade against a basket of six currencies.

Meanwhile, the dollar lost some of its gains against the yen

and the euro in Asia trade today, with investors booking

profit on recent advances in the greenback that were pro-

pelled by brighter risk sentiment and a global stock market

recovery.

The trading range for the Spot USD/INR pair is expected to

be within 64.60 to 65.30.

The rupee firmed up further against the pound sterling to

finish at 99.69 from 99.88 previously and also moved up

against the euro to 71.66 from 71.98.

The domestic currency ended higher against the Japanese

currency to close at 53.68 per 100 yen from 53.71.

The rupee remained range bound last week as net positive

inflows into equities by foreign investors netted out by

$232 million outflows from debt instruments. Foreign in-

vestors have pumped in $819 million into equities in Octo-

ber so far, $2.2 billion in debt instruments. The rupee

closed at 64.96/dollar on Monday against Friday’s close of

64.83.


DAILY REPORT

27th

OCT. 2015


CALL REPORT

PERFORMANCE UPDATES

Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

26/10/15 NCDEX DHANIYA NOV. BUY 8550 8600-8670 8490 NOT EXECUTED

26/10/15 NCDEX DHANIYA NOV. SELL 8300 8250-8180 8360 BOOKED FULL PROFIT

26/10/15 NCDEX GUARGUM NOV. BUY 10970 10998-11078 10943 NOT EXECUTED

26/10/15 NCDEX GUARGUM NOV. SELL 10870 10842-10762 10897 BOOKED FULL PROFIT

26/10/15 MCX GOLD DEC. BUY 26900 26980-27070 26800 NO PROFIT NO LOSS

26/10/15 MCX GOLD DEC. SELL 26700 26620-26530 25800 NOT EXECUTED

26/10/15 MCX SILVER DEC. BUY 37100 37300-37700 36600 NO PROFIT NO LOSS

26/10/15 MCX SILVER DEC. SELL 36800 36600-36300 36900 NOT EXECUTED

26/10/15 USD/INR OCT. BUY 64.98 65.11-65.26 64.78 NO PROFIT NO LOSS

26/10/15 USD/INR OCT. SELL 64.78 64.65-64.50 64.98 NOT EXECUTED

26/10/15 EUR/INR OCT. BUY 72.11 72.26-72.46 71.91 NOT EXECUTED

26/10/15 EUR/INR OCT. SELL 71.82 71.67-71.47 72.02 BOOKED PROFIT

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

26/10/15 NIFTY FUTURE SELL 8380 8290-8200 8550 NOT EXECUTED

26/10/15 CROMGREAVES FUTURE SELL 187-188 182-178 193 NOT EXECUTED

26/10/15 ALBK FUTURE SELL 79.5-80.00 78-76 81.75 NOT EXECUTED

26/10/15 DEEPIND CASH BUY 210 215-220 203 SL TRIGGERED

20/10/15 HCLTECH FUTURE BUY 858 860-875 836 PROFIT BOOKED

09/10/15 NIFTY FUTURE SELL 8190 8070-7950 8380 SL TRIGGERED

09/10/15 NIFTY FUTURE SELL 8180 8100-7050 8350 SL TRIGGERED


DAILY REPORT

27th

OCT. 2015


NEXT WEEK'S U.S. ECONOMIC REPORTS

ECONOMIC CALENDAR

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Disclaimer

TIME REPORT PERIOD ACTUAL CONSENSUS

FORECAST PREVIOUS

MONDAY, OCT. 26

10 AM NEW HOME SALES SEPT. 550,000 552,000

TUESDAY, OCT. 27

8:30 AM DURABLE GOODS ORDERS SEPT. -1.5% -2.3%

10 AM CONSUMER CONFIDENCE INDEX OCT. 101.0 103.0

WEDNESDAY, OCT. 28

8:30 AM ADVANCED TRADE IN GOODS SEPT. -$64.8 BLN -$67.2 BLN

THURSDAY, OCT. 29

8:30 AM WEEKLY JOBLESS CLAIMS OCT. 17 N/A N/A

8:30 AM GROSS DOMESTIC PRODUCT 3Q 2.1% 3.9%

FRIDAY, OCT. 30

8:30 AM PERSONAL INCOME SEPT. 0.2% 0.3%

8:30 AM CONSUMER SPENDING SEPT. 0.1% 0.4%

8:30 AM CORE INFLATION SEPT. 0.2% 0.1%

8:30 AM EMPLOYMENT COST INDEX 3Q 0.6% 0.2%

10 AM CONSUMER SENTIMENT INDEX OCT. -- 92.1


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Epic research special report of 27 oct 2015