Epic research special report of 30 oct 2015

DAILY REPORT

30th

OCT. 2015

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance US stocks ended slightly lower on Thursday as the market digested disappointing tech earnings reports and the po-tential for an interest rate hike in December. The Fed which kept rates unchanged at its policy meeting that ended Wednesday, downplayed concerns about global growth and indicated confidence in the US job market's recovery. DJI average fell 23.72 pts, or 0.13%, to 17,755.8, the S&P 500 lost 0.94 pts, or 0.04%, to 2,089.41 and the Nasdaq dropped 21.42 pts, or 0.42%, to 5,074.27. The three in-dexes recovered much of the day's losses late in the ses-sion. About 7bn shares changed hands, about even with the 7.1bn daily average for the past 20 trading days. Asian shares were down on Friday and on track for a weekly loss as investors grappled with the prospect of higher borrowing costs in the US, as the Fed prepares to raise rates amid the backdrop of slowing global growth. MSCI's broadest index of Asia-Pacific shares outside Japan MIAPJ0000PUS edged down 0.1% in early trading, poised to lose 2.5 % for the week but gain more than 7 % for Octo-ber. Nikkei .N225 was down 0.2 %, on track for a weekly of rise of 0.3 % and a hefty monthly gain of 8.6 %, as investors awaited the outcome of the BoJ's policy meeting, expected some time later in the session, as well as the central bank's latest economic and price forecasts. European shares fell slightly on Thursday, with banking stocks leading the way after disappointing updates from Deutsche Bank and Barclays, while investors assessed the negative impact of a U.S. rate hike by year-end. The pan-European FTSEurofirst 300 index ended down 0.04 %, while the euro zone's blue-chip Euro STOXX 50 index fell 0.23 %. Previous day Roundup Indian shares fell for a fourth consecutive session on Thurs-day, recording their lowest close in little over two weeks, as the U.S. Federal Reserve revived market expectations that it may raise interest rates by the end of the year. The benchmark BSE index ended 0.75% lower while the NSE index lost 0.73%, marking their lowest close since Oct 14. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 46.45pts], Capital Goods [down 188.75pts], PSU [down 95.51pts], FMCG [down 79.48Pts], Realty [down 5.61pts], Power [down 21.40pts], Auto [up 6.70Pts], Healthcare [down 102.75Pts], IT [down 65.30pts], Metals [down 62.91pts], TECK [down 47.51pts], Oil& Gas [down 75.15pts].

World Indices

Index Value % Change

D J l 17755.80 -013

S&P 500 2089.41 -0.04

NASDAQ 5074.27 -0.42

FTSE 100 6395.80 -0.65

Nikkei 225 18883.84 -0.27

Hong Kong 22665.14 -0.72

Top Gainers

Company CMP Change % Chg

YESBANK 744.00 16.35 2.25

DRREDDY 4,205.00 91.35 2.22

VEDL 107.30 2.25 2.14

LUPIN 1,927.00 16.60 0.87

ULTRACEMCO 2,916.00 24.15 0.84

Top Losers


BHEL 203.00 9.40 -4.43

BPCL 878.50 30.90 -3.40

AXISBANK 467.85 15.05 -3.12

COALINDIA 320.80 9.40 -2.85

GAIL 309.35 7.75 -2.44

Stocks at 52 Week’s HIGH

Symbol Prev. Close Change %Chg

AUROPHARMA 843.05 -10.55 -1.24

GMBREW 623.60 29.65 4.99

HERITGFOOD 488.00 11.10 2.33

IDBI 89.20 3.10 3.60

RUSHIL 297.90 6.00 2.06

SASKEN 299.10 3.90 1.32

Indian Indices


NIFTY 8111.75 -59.45 -0.73

SENSEX 26838.14 -201.62 -0.75

Stocks at 52 Week’s LOW

Symbol Prev. Close Change %Chg

CORPBANK 43.55 -0.40 -0.91

FEDERALBNK 55.00 -1.25 -2.22

IDFC 58.80 -0.55 -0.93

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DAILY REPORT

30th

OCT. 2015


STOCK RECOMMENDATION [CASH] 3. CHENNPETRO [CASH]

Last session CHENNPETRO made high of 237.90 which is resistance & it maintain gain at the end of day since, it formed ascending triangle on EOD chart which breakout will come above 238 so we advise to buy it above 238 for target of 243 248 255 use stop loss of 232 MACRO NEWS Results Today: ICICI Bank, ITC, KotakMah Bank, L&T, Ti-

tan, Suzlon, Apollo Tyres, Century Textiles, Ajanta Pharma, IPCA Lab, Mahindra Lifespace, Ktk Bank Merck, Shoppers Stop, Religare, Kalyani Steels, Jagran Praka-shan, Gujarat Alkalies, Atul Ltd, 3M India, Century Enka, Elgi Equipments, EPC Ind, Gemini Comm, Jindal Drilling, Maharashtra Seamless, Munjal Showa, Nocil, Orient Pa-per, Sanghvi Forging, Smartlink Network, Subros, Srikala-hasthi Pipes, TTML, Uttam Galva Steels, V-Mart

IOC to hike fuel supplies to Nepal RBI Allows NRIs To Invest In National Pension System Japan September core CPI falls 0.1% on year World Bank retains India growth forecast at 7.5% for

2015-16 Dr Reddy's Q2 Cons Net Profit At `722 Cr Vs `574.1 Cr

(YoY) Cons Total Income At `3,989 Cr Vs `3,587.8 Cr (YoY) MRPL Q2 Net Loss At `909.5 Cr Vs Loss Of 951.5 Cr YoY,

Total Income Down 35.8% At `10,221 Cr Vs 15,912Cr YoY HCC Q2 Net Profit At `38.4 Cr Vs `6.8 Cr (YoY), Total In-

come At `961.8 Cr Vs `959 Cr (YoY) BEL Q2 Net Profit At `206.7 Cr Vs `147 Cr (YoY) Total In-

come At `1,467.7 Cr Vs `1,294 Cr (YoY) Crompton Greaves Q2 Cons Net Profit At `52.1 Cr Vs

`69.6 Cr (YoY) Cons Total Income At `3,216.1 Cr Vs `3,430.3 Cr (YoY)

Glenmark Pharma Q2 Cons Net Profit At `198Cr Vs `165Cr YoY, Cons Revenue At `1,909Cr Vs `1,680.7Cr YoY

STOCK RECOMMENDATIONS [FUTURE] 1. IDBI BANK [FUTURE]

IDBIBANK FUTURE outperform in banking sector where bank nifty becoming weak & IDBI hits 52 week high and it end with 3.52% gain technically it has target up to 110 so we ad-vise to buy it above 90.10 for target of 91.50-93-95 use stop loss of 88.40.

2. TVSMOTOR [FUTURE]

In last few session TVSMOTOR Future given sharp rise due to quality number of Q1 but in last two session it could not keep continue bull run & traded in fix range while last ses-sion it breached around 3.14%, despite of gain RSI is not giv-ing positive sign so sell it below 260.75 for target of 258-255-251 use stop loss of 264.


DAILY REPORT

30th

OCT. 2015


FUTURE & OPTION

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 8,200 0.05 28,55,315 80,71,050

NIFTY CE 8,100 6.50 11,39,535 4,95,375

BANKNIFTY CE 17,500 0.05 2,34,360 5,47,600

YESBANK CE 740 3.60 18,088 2,44,250

TATAMOTORS CE 400 0.05 9,202 15,17,500

AXISBANK CE 480 0.05 6,181 9,07,000

MARUTI CE 4,500 0.05 5,950 2,40,875

DRREDDY CE 4,200 17.00 5,793 58,875

MOST ACTIVE PUT OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 8,100 0.05 30,47,163 75,25,100

NIFTY PE 8,150 31.00 11,00,740 1,37,475

BANKNIFTY PE 17,200 0.20 2,53,201 4,91,625

YESBANK PE 740 0.05 9,169 3,08,750

AXISBANK PE 470 0.75 5,334 2,85,000

DRREDDY PE 4,200 0.10 4,695 3,01,000

RELIANCE PE 940 0.05 4,673 4,56,750

TATA-MOTORS

PE 390 0.05 4,549 4,56,500

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 153407 4919.32 168939 4967.13 286399 17140.7 -47.814

INDEX OPTIONS 518856 17942.5 511217 15854.9 726894 44073.7 2087.6

STOCK FUTURES 350379 12549.3 343451 13547.1 883326 44746.5 -997.741

STOCK OPTIONS 48608 1454.63 47300 1451.14 1144 58.58 3.4833

TOTAL 1045.52

STOCKS IN NEWS Polaris Gets Board Approval To Hive Off Co's BPO Busi-

ness HCL Tech Acquires CRM Services Provider PowerOb-

jects Cipla To Sell Its Entire 25% Stake In Biomab Holding,

Hong Kong For $25 m Nestle Q3 net tanks 60% to Rs 124cr on Maggi noodles

hit Ambuja Cements pares post-result losses after bulk

deals NIFTY FUTURE

The Nifty skid for four straight sessions as F&O expiry added pressure on indices. The whole day Nifty re-mained bearish with volumes. For next session Nifty seems to be bearish again as indicators showing, but Nifty may find support around 8090 so we recommend you to sell it from around 8200 for targets of 8100 and 8000 with stop loss of 8300.

INDICES R2 R1 PIVOT S1 S2

NIFTY 8,211.00 8,161.00 8,129.00 8,079.00 8,047.00

BANK NIFTY 17,485.00 17,348.00 17,263.00 17,126.00 17,041.00


DAILY REPORT

30th

OCT. 2015


RECOMMENDATIONS

GOLD

TRADING STRATEGY:

BUY GOLD DEC ABOVE 26700 TGTS 26780,26870 SL BE-

LOW 26500

SELL GOLD DEC BELOW 26400 TGTS 26320,26230 SL

ABOVE 25800

SILVER

TRADING STRATEGY:

BUY SILVER DEC ABOVE 36600 TGTS 36800,37100 SL BE-

LOW 36300

SELL SILVER DEC BELOW 36250 TGTS 36050,35750 SL

ABOVE 36550

COMMODITY ROUNDUP

Lead fell 0.44% to Rs 112.15 per kg in futures trade to-

day after participants reduced exposure amid a weak

trend overseas and sluggish domestic demand. At

Multi Commodity Exchange, lead for delivery in Octo-

ber was trading 50 paise, or 0.44%, down at Rs 112.15

per kg, in a business turnover of 523 lots.

Commodity prices fell after the US Federal Reserve’s

open market committee decided on Wednesday to not

change its key policy rate but indicated that this might

be raised at the next meeting, due in December. The

Fed panel, after saying the central bank was monitor-

ing the international situation, added a reference to

the possibility of increasing the rate in the next meet-

ing, based on “realised and expected” progress in

reaching its stated goals.

Gold futures fell 0.98% to Rs 26,808 per 10 grams as

speculators reduced their bets amid a weak global

trend. In futures trading at Multi Commodity Exchange,

gold for delivery in December fell Rs 271, or 0.98%, to

Rs 26,808 per 10 gram, in a business turnover of 1,909

lots. Commodity prices fell after the US Federal Re-

serve’s open market committee decided on Wednes-

day to not change its key policy rate but indicated that

this might be raised at the next meeting, due in De-

cember. The Fed panel, after saying the central bank

was monitoring the international situation, added a

reference to the possibility of increasing the rate in the

next meeting, based on “realised and expected” pro-

gress in reaching its stated goals.

Benchmark price for 62% iron ore price in China de-

clined to US$49.5/ton CIF Tianjin, China, which was

11% down in only two weeks and reach the lowest

since mid-July. China is world's largest seaborne iron

ore import and takes 70% market share. Though its

crude steel output had shrunk 3% in September, and

2% in the first three quarters of 2015, further capacity

cut is on the way. The other truth is that in the first

three quarters of 2015, the country major steelmakers

had making a combined loss of RMB28 billion (US$4.4

billion),


DAILY REPORT

30th

OCT. 2015


NCDEX

NCDEX ROUNDUP

Mentha oil prices rose 0.55% to Rs 919.10 per kg in futures trade yesterday as traders created fresh positions, driven by seasonal demand. Besides, pick up in export enquiries influ-enced mentha prices. At the Multi Commodity Exchange, mentha oil for delivery in November rose Rs 5.10, or 0.55%, to Rs 919.10 per kg, clocking a business volume of 571 lots. The oil for October delivery traded higher by Rs 3.50, or 0.38%, to Rs 905 per kg, with a trading volume of 222 lots. Fresh positions built up by speculators on the back of a rise in demand from consuming industries in the spot markets against restricted supplies from Chandausi in Uttar Pradesh led to rise in mentha oil prices at futures trade.

Cardamom prices fell 0.66% to Rs 757 per kg in futures trade yesterday as speculators reduced positions amid low demand. Furthermore, adequate stocks in the physical mar-ket on account of higher supply from the producing belts put pressure on cardamom prices. At the Multi Commodity Exchange, cardamom for delivery in November fell Rs 5.10, or 0.66%, to Rs 757 per kg, in a business turnover of 244 lots. Similarly, the spice for delivery in December traded lower by Rs 4.80, or 0.61%, to Rs 780.10 per kg in 33 lots. Off-loading of positions by speculators amid higher supplies from producing regions and sluggish demand in the spot market, mainly pulled down cardamom prices in futures trade.

NCDEX INDICES

Index Value % Change

CAETOR SEED 4282 -0.59

CHANA 4743 -0.63

CORIANDER 9445 +2.56

COTTON SEED 1662 -1.19

GUAR SEED 3909 +0.39

JEERA 16010 +0.31

MUSTARDSEED 4963 -0.40

REF. SOY OIL 626.5 -0.03

TURMERIC 2775 0.00

WHEAT 8900 +0.59

RECOMMENDATIONS

DHANIYA

BUY CORIANDER NOV ABOVE 9945 TARGET 9970 10050 SL

BELOW 9915

SELL CORIANDER NOV BELOW 9245 TARGET 9220 9140 SL

ABOVE 9275

GUARSGUM

BUY GUARGUM NOV ABOVE 8250 TARGET 8300 8370 SL

BELOW 8190

SELL GUARGUM NOV BELOW 8170 TARGET 8120 8050 SL

ABOVE 8230


DAILY REPORT

30th

OCT. 2015


RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 65.1515 Yen-100 53.9300

Euro 71.2497 GBP 99.3626

CURRENCY

USD/INR

BUY USD/INR NOV ABOVE 65.65 TARGET 65.78 65.93 SL BE-

LOW 65.45

SELL USD/INR NOV BELOW 65.4 TARGET 65.27 65.12 SL

ABOVE 65.6

EUR/INR

BUY EUR/INR NOV ABOVE 72.1 TARGET 72.25 72.45 SL BE-

LOW 71.9

SELL EUR/INR NOV BELOW 71.8 TARGET 71.65 71.45 SL

ABOVE 72

CURRENCY MARKET UPDATES:

The US dollar dropped lower against a basket of currencies on Thursday, ahead of US GDP data due later in the day. The greenback, however, remained close to two-and-a-half month highs after the Fed signalled the possibility for a rate hike in Dec. The dollar index was down 0.21% at 97.47, still close to Wednesday's two-and-a-half month highs of 97.89.

Dollar strengthened across the board after Wednesday's Fed statement specifically said that officials might make a decision to act on rates in their December meeting. The Fed statement also downplayed concerns over recent tur-moil in global financial markets.

The central bank kept rates on hold at its September meet-ing amid fears that a China-led slowdown in global growth could affect the U.S. economy. Dollar gave up some gains as investors looked ahead to preliminary data on U.S. third quarter growth later in the session.

The euro rose 0.29% to trade at 1.0956 versus the green-back. The single currency found some support after data earlier showed that the number of unemployed people in Germany decreased by 5,000 this month, better than ex-pectations for a drop of 4,000.

As against the pound, the dollar was steady, with GBP/USD at 1.5269. Markets shrugged off a report by the Bank of England on Thursday showing that total net lending to indi-viduals increased by ₤4.9bn last month, above forecasts for ₤4.4bn and up from ₤4.7bn in Aug. Dollar was lower against the yen, with USD/JPY down 0.17% at 120.88.

Indian rupee and bonds weakened on Thursday after the US Fed signalled it may increase its policy rates at the next meeting in December, stoking fears of foreign fund out-flows from domestic markets. Fed downplayed global eco-nomic headwinds, leaving the door open for a rate hike in December. At 0337 GMT, the Indian rupee was at 65.1800/65.1875, compared with its previous close of 64.9175/64.9275.


DAILY REPORT

30th

OCT. 2015


CALL REPORT

PERFORMANCE UPDATES

Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

29/10/15 NCDEX DHANIYA NOV. BUY 9300 9335-9415 9251 BOOKED PROFIT

29/10/15 NCDEX DHANIYA NOV. SELL 9057 9022-8942 9106 NOT EXECUTED

29/10/15 NCDEX GUARGUM NOV. BUY 8240 8290-8360 8180 BOOKED PROFIT

29/10/15 NCDEX GUARGUM NOV. SELL 8040 7990-7920 8100 NOT EXECUTED

29/10/15 MCX GOLD DEC. BUY 27100 27180-27270 26900 NOT EXECUTED

29/10/15 MCX GOLD DEC. SELL 26900 26820-26730 27100 BOOKED FULL PROFIT

29/10/15 MCX SILVER DEC. BUY 37100 37300-37600 37800 NOT EXECUTED

29/10/15 MCX SILVER DEC. SELL 36800 36600-36300 37100 BOOKED PROFIT

29/10/15 USD/INR NOV. BUY 65.41 65.54-65.69 65.21 BOOKED PROFIT

29/10/15 USD/INR NOV. SELL 65.21 65.08-64.93 65.41 NOT EXECUTED

29/10/15 EUR/INR NOV. BUY 72.42 72.57-72.77 72.22 NOT EXECUTED

29/10/15 EUR/INR NOV. SELL 72.15 72.71-71.80 72.35 BOOKED FULL PROFIT

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

29/10/15 NIFTY FUTURE SELL 8225-8240 8125-8000 8350 NOT EXECUTED

29/10/15 HAVELLS FUTURE BUY 258-259 255-251 263 NOT EXECUTED

29/10/15 IBREALST FUTURE SELL 65-66 63-61.59 67.6 NO PROFIT NO LOSS

29/10/15 COX&KINGS CASH BUY 260 264-269 255 BOOKED FULL PROFIT

27/10/15 CROMPTON

GREAVES FUTURE SELL 182.5 180.5-178 186.60 BOOKED FULL PROFIT


DAILY REPORT

30th

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 30 oct 2015