Epic research special report of 07 oct 2015

DAILY REPORT

07th

OCT. 2015

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Global markets at a glance

European shares closed higher on Tuesday, led by auto and oil sector stocks and helped by expectations central banks in Europe and the United States will maintain an eq-uity-friendly monetary policy. The FTSEurofirst 300 rose 0.65 %, adding to strong gains in the previous session, to trade around two-week highs, while the euro zone's blue-chip Euro STOXX 50 climbed 0.93 %.The auto sector, hurt by an emission test rigging scandal at Volkswagen, was among the top sectoral gainers with a rise of 2.1 %. Oil stocks rose 2.9 % as the crude benchmark Brent returned to above $50 a barrel after a U.S. forecast showed tighter oil supplies next year, while Russia, Saudi Arabia and other big producers hinted at further talks to support the market

US stocks fell on Tuesday, ending a five-day winning streak, as investors focused on upcoming quarterly reports that are expected to reflect a dip in corporate earnings. A surge in DuPont's stock helped keep the Dow Jones industrial average in positive territory but the S&P 500 and Nasdaq lost ground, with a sharp drop in biotech stocks. The S&P 500 index had gained 5.6 % over the previous five sessions, its best 5-day run since 2011, after a weak US jobs report hinted at economic weakness but also lowered expecta-tions the Fed will raise interest rates this year. The IMF cut its global growth forecasts for a second time this year, cit-ing weak commodity prices and a slowdown in China.

Previous day Roundup

The market sustained its upward momentum for the 5th consecutive session Tuesday on stability in global peers post deferral of Fed rate hike and renewed buying interest in most beaten down quality stocks. The Sensex gained 5% and the Nifty rallied 4.6% in five sessions on buying across sectors. The Sensex climbed 147.33 points to 26932.88, which was 67 points away from 27000-mark. The Nifty ral-lied 33.60 points to 8152.90. CNX Energy, Metal, Pharma and FMCG indices were the leading gainers, up 1-2.6%. The market breadth too was positive as about 1586 shares ad-vanced against 1147 shares declined on the BSE.

Index stats

The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 478.21pts], Capital Goods [up 1.15pts], PSU [up 75.86pts], FMCG [up 189.01pts], Realty [up 12.01pts], Power [up 0.14pts], Auto [up 107.59Pts], Healthcare [up 167.5Pts], IT [down 138.48pts], Metals [up 149.83pts], TECK [down 51.85pts], Oil& Gas [up 169.71pts].

World Indices

Index Value % Change

D J l 16790.19 +0.08

S&P 500 1979.92 -0.36

NASDAQ 4748.36 -0.69

FTSE 100 6326.16 +0.43

Nikkei 225 18155.58 -0.17

Hong Kong 22008.93 +0.81

Top Gainers

Company CMP Change % Chg

TATAMOTORS 333.25 18.10 5.74

ITC 343.10 13.60 4.13

CIPLA 664.50 24.40 3.81

COALINDIA 342.00 12.25 3.71

GAIL 309.80 10.90 3.65

Top Losers


BHEL 197.70 6.45 -3.16

INFY 1,157.00 24.75 -2.09

ULTRACEMCO 2,768.50 47.95 -1.70

ACC 1,348.00 21.70 -1.58

NTPC 125.70 2.00 -1.57

Stocks at 52 Week’s HIGH

Symbol Prev. Close Change %Chg

APOLLOHOSP 1,496.50 17.45 1.18

CEATLTD 1,302.00 30.55 2.40

DISHMAN 374.40 2.80 0.75

GRANULES 150.70 7.35 5.13

JUBILANT 398.50 20.65 5.47

LUPIN 2,075.00 -7.65 -0.37

RAJESHEXPO 624.95 43.75 7.53

Indian Indices


NIFTY 8152.90 +33.60 +0.41

SENSEX 26932.88 +147.33 +0.55

Stocks at 52 Week’s LOW

Symbol Prev. Close Change %Chg

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DAILY REPORT

07th

OCT. 2015


STOCK RECOMMENDATION [CASH] 3. GANULES [CASH]

GRANULES made new life time high of 150.75 it given breakout above 145.80 where it also test before last trad-ing session since volume increase with 30% and daily can-dle is too long so buy it above 151 for target of 154-157-160 use stop loss of 148 MACRO NEWS Govt to spend Rs 70,000 crore on 12 major ports Gas price cut will hit investments in new reserves:

Moody's Govt to float tenders to lease sea blocks for wind farms

early next year Adani Group plans to take over Sindri fertilizer factory India-EU FTA: PM Narendra Modi conveys concerns on

ban of 700 drugs ICICI Bank cuts home loan rates MF asset base swells 7% to record Rs 13.16-trn in Sep qtr 7,500 km of BOT highway projects at risk: CRISIL Tech Telemedia in race to buy Tata Communications’

data centre biz German Development Bank KfW Signs Loans Worth $300

m With SBI Adani Ent Says Chemoil Sells Its 49% Stake In Chemoil-

Adani Pte To Co Sun Pharma To Seek Shareholders' Nod To Raise Up To

`12,000 Cr On October 31 I-bulls Housing Finance Cuts Home Loan Rates By 25 bps

To 9.60% w.e.f Oct 7 ONGC Videsh likely to bid for blocks in Uganda Coal Secy Says Decision Taken To Allocate Parbatpur

Coal Block To SAIL Axis Bank Cuts Home Loan Rates To 9.60% For Small

Ticket Borrowers AB Nuvo Enters Into A Definitive SSA With AEIF Mauritius

SPV 1

STOCK RECOMMENDATIONS [FUTURE] 1. IBREALEST [FUTURE]

Last session IBREALEST close above last five months high at 70.70 with gain of 7.70% it break important resistance of 69.50 while on EOD chart it given breakout of Triangle pat-tern so we advise to buy it above 71.50 target 73-75 use stop loss of 70.50

2. CEAT [FUTURE]

CEAT Future again made new all time high of 1309.45 while before last session it create double top pattern on EOD chart and today it cross the resistance of pattern and finished with 2.25% gain also rose in OI with 9.28% so buy it above 1310 for target of 1325-1340 use stop loss of 1299.


DAILY REPORT

07th

OCT. 2015


FUTURE & OPTION

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 8,300 73.40 4,88,758 47,03,950

NIFTY CE 8,500 19.25 3,71,481 29,75,800

BANKNIFTY CE 18,000 273.90 52,449 4,89,625

TATAMOTOR CE 330 14.55 5,831 5,75,000

RELIANCE CE 900 19.05 5,619 7,13,750

LT CE 1,600 28.30 3,002 2,72,000

JINDALSTEL CE 75 4.10 2,962 12,88,000

INFY CE 1,200 34.55 2,928 6,40,750

MOST ACTIVE PUT OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 8,000 90.30 4,66,515 37,15,925

NIFTY PE 8,100 120.50 3,81,905 32,23,875

BANKNIFTY PE 17,000 201.10 44,922 5,40,750

TATAMOTOR PE 320 8.45 3,749 6,79,500

RELIANCE PE 880 15.85 3,166 2,64,250

LT PE 1,500 24.50 1,917 1,80,500

TATASTEEL PE 220 6.95 1,725 6,51,000

INFY PE 1,100 29.50 1,510 2,31,750

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 57414 1377.85 44129 1126.45 926644 20907.1 251.402

INDEX OPTIONS 372917 9244.98 347282 8776.75 2027779 64142 468.2296

STOCK FUTURES 95541 2556.13 78697 2094.25 1784730 46319.9 461.8712

STOCK OPTIONS 55010 1368.34 54444 1351.17 84528 2319.85 17.1773

TOTAL 1198.68

STOCKS IN NEWS Discoms loan at Rs 7k cr; Rs 3.3k cr restructured: Dena

Bk BoB detects Rs 350cr bill discounting irregularity Suzlon bags 100.8 MW repeat order from Orange Re-

newable India and KFW sign two 125 million euro loan agree-

ments under Green Energy Projects programme Tata Chemicals to create new brand for food portfolio Cox & Kings-owned Meininger Hotels to open in Buda-

pest NIFTY FUTURE

After opening a little up around the resistance Nifty Fu-ture strictly followed the resistance level and came down and later buyers took the control and the losses were covered. Nifty can be bearish for next session, So we ad-vise you to sell Nifty Future on rise around 8180-8200 for the targets of 8100 and 8000 with strict stop loss of 8350

INDICES R2 R1 PIVOT S1 S2

NIFTY 8,229.00 8,190.00 8,143.00 8.104.00 8,057.00

BANK NIFTY 17,977.00 17,791.00 17,642.00 17456.00 17,307.00


DAILY REPORT

07th

OCT. 2015


RECOMMENDATIONS

GOLD

TRADING STRATEGY:

BUY GOLD OCT ABOVE 26800 TGTS 26880,26970 SL BE-

LOW 26700

SELL GOLD OCT BELOW 26600 TGTS 25520,25430 SL

ABOVE 26700

SILVER

TRADING STRATEGY:

BUY SILVER DEC ABOVE 37500 TGTS 37700,38000 SL BE-

LOW 37200

SELL SILVER DEC BELOW 37200 TGTS 37000,36700 SL

ABOVE 37500

COMMODITY ROUNDUP WTI oil prices shot up on global geopolitical worries today. Russian and Syrian airstrikes continued to hit ISIS targets. However, the scenario became intense after another viola-tion of Turkish airspace by Russian planes. The crude oil prices tracked these movements closely and spiked well above $46 per barrel mark, carving out an intraday recovery of nearly one dollar even as the global equities showed a mixed performance. The counter is quoting at $46.55 per barrel, up 0.63% on the day. MCX Crude oil futures are trad-ing at Rs 3053 per barrel, up 0.76% on the day. Oil wit-nessed some moderation earlier today amid persistent wor-ries over Chinese economic growth. The World Bank ex-pects China's economy to grow 7% this year and gradually slow over the next two years. The steel sector won’t be able to meet this year’s produc-tion target of 300mt, proposed in the draft steel policy, 2012, a study by the NCAER has said. It added the sector, which contributes 2% to India’s gross domestic product, won’t be able to meet the 12th five-year Plan goals, too, considering the current stress in the segment. The 12th Plan estimated 149 mt of crude steel production by 2016-17. The prices of MCX Copper remained dull in evening trades with traders awaiting import numbers from China. The trade data of China is due this weekend. Meanwhile, Gras-berg mine CEO remained committed towards taking the major production chunk out of the market. Swiss mining giant's plans to take 400,000 tons out of the market with the shutdown of two copper mines in Africa, announced in its sweeping balance-sheet restructuring plan last month. In China, tough time is not over for nonferrous metals produc-ers as the industry's profits continued to decline in the first eight months of 2015. In the Jan.-Aug. period, the industry reaped profits of 101.6 billion yuan (16 billion U.S. dollars), down 4.2 percent year on year. Indian Copper was trading at Rs 341.65 per kg, down 0.38%. The prices tested a high of Rs 342.90 per kg and a low of Rs 339.70 per kg. COMEX Gold futures traded in steady manner today. The overall activity has been very choppy this week as massive gains in stocks are capping gains after a frantic rally in gold on Friday. The commodity continues to trade in a thin man-ner today, hovering just under $1140 per ounce mark. MCX Gold futures for Dec ended just under Rs 26400 per 10grams mark yesterday. The counter is quoting at Rs 26479 per 10 grams, up 0.36% on the day right now. Stocks have opened on a mixed note in Europe and a correction in equities could underpin gold.


DAILY REPORT

07th

OCT. 2015


NCDEX

NCDEX ROUNDUP Soybean prices are on rise due to lower output estimates in kharif 2015, said traders. Within a week, the prices have shown more than Rs 600 per 100 kg gains in the spot markets due to the lower production estimates this season. According to Soybean Processors Association of In-dia's latest estimates, soybean production in kharif 2015 is likely to be 86.426 lakh tonne compared with previous years revised estimate of 90 lakh tonne. The carry over stock is likely to be 9 lakh tonne this year. Mustardseed futures traded Rs 67 lower at Rs 4,663 per quintal after participants booked profits at existing levels. Besides, rising supplies in physical market too weighed on prices. At the NCDEX mustardseed for October month deliv-ery contract slipped by Rs 67, or 1.42% to Rs 4,663 per quin-tal, with an open interest of 46,140 lots. The November con-tract lost Rs 44, or 0.91 per cent to Rs 4,794 per quintal, in an open interest of 48,720 lots. Market analysts said fall in mustardseed futures was largley due to profit-booking by participants and rising supplies in the spot market. Erratic rain hit black pepper production. Latest estimates from producing states show in the harvest season beginning December, the output will be 50% lower. Estimates by growers and dealers from Kerala, Karnataka and Tamil Nadu indicates overall production will stand at 30,000-35,000 ton-nes, against 70,0000 tonnes in the last season. About 70 per cent of India’s pepper consumption is met through local supply. Globally, overall output is likely to be steady, as re-ports from Vietnam indicate higher production. An analysis by the NITI Aayog on this year's onion crisis shows traders could have milked Rs 8,000 crore from con-sumers in August and September by manipulating prices.

NCDEX INDICES

Index Value % Change

CAETOR SEED 4100 -1.54

CHANA 5115 -1.92

CORIANDER 11461 -0.48

COTTON SEED 1621 -0.49

GUAR SEED 4020 +2.66

JEERA 15765 -0.25

MUSTARDSEED 4633 -2.05

REF. SOY OIL 621.4 -1.40

TURMERIC 7660 -0.23

WHEAT 1565 +0.13

RECOMMENDATIONS

DHANIYA

BUY CORIANDER OCT ABOVE 11580 TARGET 11607 11687

SL BELOW 11553

SELL CORIANDER OCT BELOW 11483 TARGET 11456 11376

SL ABOVE 11510

GUARSGUM

BUY GUARGUM OCT ABOVE 8530 TARGET 8580 8650 SL

BELOW 8470

SELL GUARGUM OCT BELOW 8200 TARGET 8150 8080 SL

ABOVE 8260


DAILY REPORT

07th

OCT. 2015


RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 65.3908 Yen-100 54.4100

Euro 73.1919 GBP 99.0540

CURRENCY

USD/INR

BUY USD/INR OCT ABOVE 65.7 TARGET 65.83 65.98 SL BE-

LOW 65.5

SELL USD/INR OCT BELOW 65.55 TARGET 65.42 65.27 SL

ABOVE 65.75

EUR/INR

BUY EUR/INR OCT ABOVE 73.7 TARGET 73.85 74.05 SL BE-

LOW 73.5

SELL EUR/INR OCT BELOW 73.45 TARGET 73.3 73.1 SL

ABOVE 73.65

CURRENCY MARKET UPDATES: The Indian rupee on Tuesday weakened against the US dol-lar, tracking the losses in the Asian currencies market. The home currency closed at 65.41, down 0.17% from its previ-ous close of 65.30. The local unit opened at 65.27 per US dollar and touched a high and a low of 65.25 and 65.44, respectively, in intra-day trade. India on 12 October will pay another $700 million to Iran to clear a part of past oil dues, the second payment since the Persian Gulf nation reached a historic nuclear deal with western pow-ers, PTI reported. This is likely to create an increased dollar outgo, weakening the rupee.

The yield on India’s 10-year benchmark bond closed at 7.527% compared with its Monday’s close of 7.513%. Bond yields and prices move in opposite directions. Since the beginning of this year, the rupee has lost 3.7%, while FIIs have bought $3.62 billion from local equity and $6.31 bil-lion from bond markets. Most Asian currencies closed lower. Taiwan dollar was down 0.54%, Singapore dollar 0.44%, Thai baht 0.19%, and Malaysian ringgit 0.05%. How-ever, Indonesian rupiah was up 1.84%, South Korean won 0.52% and Japanese yen 0.11%.

The dollar index was trading at 95.884, down 0.23% from its previous close of 96.106. The US dollar edged lower against a basket of currencies on Tuesday, after fresh US data further dampened optimism over strength of the economy. Official data showed that the U.S. trade deficit widened to $48.33 billion in August from $41.81 billion in July, whose figure was revised from a previously estimated deficit of $41.90 billion. The dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, was down 0.23% at 96.00.

The dollar was also lower against the euro, with EUR/USD rising 0.31% to 1.1222. Markets shrugged off official data earlier showing that German factory orders declined by 1.8% in August, confounding expectations for a 0.5% gain. Factory orders dropped 2.2% in July, whose figure was re-vised from a previously estimated 1.4% fall. Dollar was lower against the yen, with USD/JPY down 0.09% at 120.34. As against the pound, the dollar was lower with GBP/USD up 0.13% at 1.5165.


DAILY REPORT

07th

OCT. 2015


CALL REPORT

S T O

PERFORMANCE UPDATES

Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

06/10/15 NCDEX DHANIYA OCT. BUY 11614 11641-11721 11587 NOT EXECUTED

06/10/15 NCDEX DHANIYA OCT. SELL 11500 11473-11393 11527 BOOKED PROFIT

06/10/15 NCDEX GUARGUM OCT. BUY 8210 8260-8350 8150 BOOKED FULL PROFIT

06/10/15 NCDEX GUARGUM OCT. SELL 8160 8110-8040 8220 NOT EXECUTED

06/10/15 MCX GOLD OCT. BUY 26500 26580-26670 26400 BOOKED FULL PROFIT

06/10/15 MCX GOLD OCT. SELL 26200 25620-25530 25800 NOT EXECUTED

06/10/15 MCX SILVER DEC. BUY 36800 37000-37300 365000 BOOKED FULL PROFIT

06/10/15 MCX SILVER DEC. SELL 36300 36100-35800 35600 NOT EXECUTED

06/10/15 USD/INR OCT. BUY 65.60 65.73-65.88 65.40 NO PROFIT NO LOSS

06/10/15 USD/INR OCT. SELL 65.50 65.37-65.22 65.70 NOT EXECUTED

06/10/15 EUR/INR OCT. BUY 73.90 74.05-74.25 73.70 NOT EXECUTED

06/10/15 EUR/INR OCT. SELL 73.32 73.17-72.97 73.52 SL TRIGGERED

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

06/10/15 NIFTY FUTURE SELL 8180-8200 8080-7950 8350 CALL OPEN

06/10/15 PFC FUTURE BUY 247-252 258-264 241 CALL OPEN

06/10/15 SKS FUTURE BUY 422-426 434-442 414 BOOKED PROFIT

06/10/15 MOTHERSON SUMI CASH BUY 235-240 250-255 215 CALL OPEN

05/10/15 TECHM FUTURE SELL 570-575 560-550 585.30 BOOKED PROFIT


DAILY REPORT

07th

OCT. 2015


NEXT WEEK'S U.S. ECONOMIC REPORTS

ECONOMIC CALENDAR

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TIME REPORT PERIOD ACTUAL CONSENSUS

FORECAST PREVIOUS

MONDAY, OCT. 05

10 AM ISM NONMANUFACTURING INDEX SEPT. 57.5% 59.0%

TUESDAY, OCT. 06

8:30 AM TRADE DEFICIT AUG. -$48.1 BLN -$41.9 BLN

WEDNESDAY, OCT. 07

3 PM CONSUMER CREDIT AUG. -- $19 BLN

THURSDAY, OCT. 08

8:30 AM WEEKLY JOBLESS CLAIMS OCT. 3 271,000 277,000

2 PM FOMC MINUTES SEPT. 17

FRIDAY, OCT. 09

8:30 AM IMPORT PRICE INDEX SEPT. -- -1.8%

10 AM WHOLESALE INVENTORIES AUG. -- -0.1%


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Epic research special report of 07 oct 2015