Epic research special report of 15 oct 2015

DAILY REPORT

15th

OCT. 2015

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance

European shares ended lower for a third consecutive ses-sion on Wednesday on disappointing U.S. earnings and con-cerns about deflationary pressures in China, while technol-ogy group ASML and builder Skanska declined after weak business updates. The pan-European FTSEurofirst 300 index fell 0.8 percent while the euro zone's blue-chip Euro STOXX 50 index declined by 0.9 percent. Some investors were tak-ing profits after a rebound last week. European stocks have retreated from peaks reached in April due partly to the signs of weakness in China, the world's second-biggest economy and a major overseas market for European com-panies such as carmakers and luxury goods groups.

Consumer inflation in China eased more than expected in September, data showed, while producer prices fell for the 43rd straight month. Asian stocks moved higher early Thursday, shrugging off a tepid open brought about by an unimpressive lead from offshore markets. Japan's Nikkei 225 index changed course in early trade to reclaim 18,000 points, after finishing under the level for the first time since October 2 in the previous session.

Wall Street finished in the red overnight, as investors di-gested mixed results from the banking sector as well as the release of lower-than-expected sales forecasts for fiscal 2016 by Wal-Mart. The DJI Average dropped nearly 1 per-cent, ending below the psychologically key level of 17,000 for the first time since October 7, on the back of declines in Wal-Mart and Boeing. The S&P 500 and Nasdaq Composite ended 0.5 and 0.3 percent lower respectively.

Previous day Roundup

It was another consolidation session for the market. Equity benchmarks declined for third consecutive session Wednesday, dragged by technology, auto and FMCG stocks. The Nifty managed to hold 8100-mark, supported by banking & financials, oil and metals stocks. The Sensex fell 66.87 points to 26779.66 and the Nifty slipped 23.80 points to 8107.90. The BSE Midcap also declined 0.3 per-cent but Smallcap outperformed, up 0.3 percent.

Index stats

The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 163.88pts], Capital Goods [down 39.75pts], PSU [down 33.79pts], FMCG [down 8.23Pts], Realty [down 2.23pts], Power [down 13.43pts], Auto [down 129.53Pts], Healthcare [up 64.22Pts], IT [down 147.08pts], Metals [up 22.50pts], TECK [down 70.87pts], Oil& Gas [up 6.38pts].

World Indices

Index Value % Change

D J l 16924.75 -0.92

S&P 500 1994.24 -0.47

NASDAQ 4782.85 -0.29

FTSE 100 6269.21 -1.15

Nikkei 225 18029.21 +0.77

Hong Kong 22735.72 +1.32

Top Gainers

Company CMP Change % Chg

HINDALCO 88.60 2.45 2.84

ACC 1,375.60 23.40 1.73

LUPIN 2,063.00 34.75 1.71

RELIANCE 904.20 10.60 1.19

HDFC 1,293.95 15.25 1.19

Top Losers


TCS 2,480.90 117.65 -4.53

CAIRN 159.20 5.80 -3.52

ZEEL 387.20 14.10 -3.51

HINDUNILVR 790.25 22.65 -2.79

TECHM 546.65 14.35 -2.56

Stocks at 52 Week’s HIGH

Symbol Prev. Close Change %Chg

ALPA 31.25 1.45 4.87

DECCANCE 522.00 23.00 4.61

DEEPIND 194.95 3.20 1.67

TAKE 195.25 10.95 5.94

- -

Indian Indices


NIFTY 8107.90 -23.80 -0.29

SENSEX 26779.66 -66.87 -0.25

Stocks at 52 Week’s LOW

Symbol Prev. Close Change %Chg

GLOBOFFS 423.00 21.35 5.32

MONTECARLO 420.00 -3.15 -0.74

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DAILY REPORT

15th

OCT. 2015


STOCK RECOMMENDATION [CASH] 3. KAJARIACER [CASH]

KAJARIACER given breakout above 820 where it was get-ting resistance from last two weeks, since in last session it rose with 5 time more volume to the average and it's 52 week high is 863 so it will be good to buy above 850 use stop loss of 840 for target of 860-870-880 MACRO NEWS Results today: MindTree, Mastek, LIC Housing Finance,

Karur Vysya Bank, Lakshmi Vilas Bank, CCL Products, Sin-tex Industries, Cyient, DB Corp, Tata Metaliks, Hi-matsingka Seide, Jay Bharat Maruti, V-Guard Industries

Zee Ent Q2 net below estimates, ad revenue rises 35% HUL Q2 disappoints, profit falls 2.6%, volume growth 7% WPI came in at -4.54% yoy, improving from -4.95% China Q3 growth seen dipping to 6.8%, weakest since

2009 CCEA approves Rs 7,000-crore loan from banks to clear

urea subsidy India to be global manufacturing hub for new Maruti

Baleno: Suzuki Efforts on to plug major gas leak at Oil India Ltd (OIL)

well in Rajasthan Many auctioned coal blocks yet to take off; only seven

blocks out of 11 start operations Govt to use stabilization fund to cool pulses price: Jaitley Bank credit rises 9.45% to Rs 68,30,245 crore Unichem gets USFDA nod to market Alzheimer treat-

ment drug United Spirits gets into regional film production to push

Bagpiper brand Govt to give one time funds to complete languishing

highways

STOCK RECOMMENDATIONS [FUTURE] 1. RELCAPITAL [FUTURE]

Before last session RELCAPITAL FUTURE rose around 7% gain but at last session it faced selling pressure near breakout level of 408 and finished around 1% loss on EOD chart it fin-ished with inverted hammer so again sell will be good to near 400-405 use stop loss of 411 for target of 395 387 380.

2. RELINFRA [FUTURE]

RELINFRA FUTURE moving in rising wedge pattern and from last six trading session it was getting resistance near upper trend line of pattern while at last session it finished around 1% loss since it making higher highs but it is not giving break-out on closing basis and on chart it has multiple resistance around 380 while last session it finished with hammer candle so sell it around 375-378 use stop loss of 385 for target of 370 365 360.


DAILY REPORT

15th

OCT. 2015


FUTURE & OPTION

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 8,200 60.40 4,96,035 52,62,925

NIFTY CE 8,400 11.25 3,23,023 31,96,300

BANKNIFTY CE 18,500 50.35 45,793 6,27,750

TCS CE 2,600 11.05 22,838 9,39,875

TCS CE 2,700 3.45 14,386 6,77,750

TCS CE 2,650 5.80 11,697 4,23,500

HINDUNILVR CE 820 6.30 8,615 5,82,250

INFY CE 1,200 3.30 7,005 41,96,000

MOST ACTIVE PUT OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 8,100 92.00 4,31,187 48,67,225

NIFTY PE 8,000 59.00 3,76,544 53,03,575

BANKNIFTY PE 17,000 151.95 29,813 6,88,975

TCS PE 2,500 51.00 16,009 3,14,250

TCS PE 2,450 27.00 11,911 2,02,875

TCS PE 2,400 14.05 9,334 1,92,750

HINDUNILVR PE 780 14.50 7,313 4,20,250

INFY PE 1,100 27.40 3,312 6,12,750

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 53465 1885.01 121535 2757.64 970490 23255.5 -872.639

INDEX OPTIONS 234251 6037.04 279575 6956.9 2227933 70029.1 -919.867

STOCK FUTURES 82439 2179.16 102776 2867.54 1801612 47455.4 -688.385

STOCK OPTIONS 65052 1693.16 66035 1718.22 132504 3566.89 -25.0547

TOTAL -2506.00

STOCKS IN NEWS PTC India signs MoU with Solar Energy Corporation of

India for trading in solar power Havells to fortify presence in Telangana, AP with new

products Lupin, Boehringer Ingelheim to co-market anti-

diabetes drug linagliptin in India Power Grid -Shareholders approve raising borrowing

limit to Rs 1.50 lakh crore from Rs 1.30 lakh crore FIPB to consider FDI proposal of Alkem Labs & Lupin on

Oct 19 NIFTY FUTURE

Nifty Future in last trading session remained steady to bearish. It hardly traded 40 points along the day. As Nifty is respecting the resistance 8200 since last one week, it may continue it further. So again we advise you to sell Nifty Future around 8180 for the targets of 8100 and 7050 with strict stop loss of 8350

INDICES R2 R1 PIVOT S1 S2

NIFTY 8,158.00 8,132.00 8,114.00 8,088.00 8,070.00

BANK NIFTY 17,690.00 17,616.00 17,525.00 17,451.00 17,360.00


DAILY REPORT

15th

OCT. 2015


RECOMMENDATIONS

GOLD

TRADING STRATEGY:

BUY GOLD OCT ABOVE 27300 TGTS 27380,27470 SL BE-

LOW 27200

SELL GOLD OCT BELOW 27100 TGTS 27020,26930 SL

ABOVE 27200

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 Gold remained stuck around three month highs amid nerv-ous moves in equities. Sentiments remained muted for global markets as investors waited for more clarity on the economic front. Gold is also drawing fresh buying after a clear break above 100 day EMA. COMEX Gold is currently trading at $1175 per ounce, up 0.82% on the day. MCX Gold futures are trading at Rs 27099 per 10 grams, up 0.44% on the day after hitting highs above Rs 27200 per 10 grams. Gold prices again zoomed past Rs 27,000-level by surging Rs 385 to close at over two-week high of Rs 27,185 at the bul-lion market today, tracking a firm trend overseas and in-creased buying by jewellers, driven by ongoing festive and wedding season demand. Silver also recovered by Rs 500 to Rs 37,300 per kg on increased offtake by industrial units and coin makers. A firming global trend where gold soared to a three-month high as investors see less chance of higher US borrowing costs this year, influenced the precious metal prices. Globally, gold in Singapore, which normally set price trend on the domestic front, climbed 0.5% to $1,174.81 an ounce, the highest level since July 6. In the national capital, gold of 99.9 and 99.5% purity, spurted by Rs 385 each to Rs 27,185 and Rs 27,035 per ten gram respectively, a level last seen on September 25. Sover-eign, rose by Rs 100 to Rs 22,500 per piece of eight gram. Following gold, silver ready recovered by Rs 500 to Rs 37,300 per kg and weekly-based delivery by Rs 615 to Rs 37,480 per kg. Silver coins flared up by Rs 1,000 to Rs 52,000 for buying and Rs 53,000 for selling of 100 pieces. The recent Copper price rebound may have been an aberra-tion, as the latest news has all base metals falling in tandem with weaker than expected Sept Chinese import data. LME, three-month copper fell 0.4% to $5282.50 early Tuesday. MCX Copper was in a sideways trend trading at Rs 346.20 per kg. The prices tested a high of Rs 348.45 per kg and a low of Rs 344.85 per kg. The world will continue to eye China along with base metal prices as the Far East nation remains the largest source of global demand for metals, accounting for close to half of total Zinc consumption, 40% of lead production and 45% of copper consumption. The recent copper rebound hinted at above, resulting from major mining companies announcing production cutbacks, led to the metal recovering from mul-tiyear lows struck in August and September, but that recov-ery has been short lived as China's situation has once again taken center stage.


DAILY REPORT

15th

OCT. 2015


NCDEX

NCDEX ROUNDUP

The import of vegetable oils during Sept., 2015 is reported at 1,216,546 tons compared to 1,047,620 tons in Sept. 2014, consisting of 1,205,507 tons of edible oils and 11,039 tons of non-edible oils i.e. up by 16%. The overall import of vegetable oils during Nov.'14 to Sept. '15 is reported at 12,941,611 tons compared to 10,572,994 tons i.e. up by 22%. India is being used as a dumping ground for excessive supply of edible oils in the world market. Excessive import has put tremendous pressure on the local prices, which are at a level where Indian oilseeds growing farmers are in dis-tress and losing interest in oilseed crop. Country's depend-ence on imported oil has further increased to nearly 70%, an alarming situation for the country's food security.

Coriander prices were up 1.48% to Rs 12,403 per quintal in futures trade as participants built up fresh positions amid tight supplies from growing regions at spot market. At the NCDEX coriander for delivery in November shot up by Rs 181 or 1.48% to Rs 12,403 per quintal with an OI of 45,420 lots. Similarly, the spice for delivery in October contracts traded higher by Rs 140 or 1.16% to Rs 12,180 per quintal in 3720 lots. Besides tight stocks in the physical market due to restricted supplies from producing regions, pick up in de-mand mainly pushed up coriander prices at futures trade.

quintal in futures trade as traders enlarged positions on the back of rising demand in the spot market supported by on-going festive season. At NCDEX chana for delivery in far-month Dec rose Rs 46, or 0.87%, to Rs 5,313 per quintal, with an open interest of 40,900 lots. Likewise, the commod-ity for delivery in Nov gained Rs 42, or 0.80%, to Rs 5,290 per quintal in 67,920 lots. The rise in chana prices to up-surge in demand in the spot market, driven by festive sea-son against restricted supplies from producing belts.

NCDEX INDICES

Index Value % Change

CAETOR SEED 4001 -0.05

CHANA 5198 +0.50

CORIANDER 11821 -1.82

COTTON SEED 1656 -0.54

GUAR SEED 4179 +1.04

JEERA 16340 -0.27

MUSTARDSEED 4979 +1.32

REF. SOY OIL 639.1 +0.23

TURMERIC 2740 -0.33

WHEAT 8000 -0.40

RECOMMENDATIONS

DHANIYA

BUY CORIANDER NOV ABOVE 12100 TARGET 12130 12210

SL BELOW 12073

SELL CORIANDER NOV BELOW 11980 TARGET 11950 11870

SL ABOVE 12007

GUARSGUM

BUY GUARGUM NOV ABOVE 8840 TARGET 8890 8960 SL

BELOW 8780

SELL GUARGUM NOV BELOW 8610 TARGET 8560 8490 SL

ABOVE 8670


DAILY REPORT

15th

OCT. 2015


RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 65.1123 Yen-100 54.4100

Euro 74.2410 GBP 99.4981

CURRENCY

USD/INR

BUY USD/INR OCT ABOVE 65.27 TARGET 65.4 65.55 SL BE-

LOW 65.07

SELL USD/INR OCT BELOW 65.13 TARGET 65 64.85 SL ABOVE

65.33

EUR/INR

BUY EUR/INR OCT ABOVE 74.5 TARGET 74.65 74.85 SL BE-

LOW 74.3

SELL EUR/INR OCT BELOW 74.15 TARGET 74 73.8 SL ABOVE

74.35

CURRENCY MARKET UPDATES: The Indian rupee on Wednesday strengthened against the US dollar as foreign investors started buying government bonds after limits for foreign investment in the category were raised. The home currency closed at 65.04, up 0.23% from its previous close of 65.19. The local unit opened at 65.14 per US dollar and touched a high of 65. FIIs bought Rs.4,170 crore bonds on 13 October. FII bought the most govt debt in nearly four months on 12 Oct when lim-its for foreign investment in the category were raised. Ac-cording to official data, released with a day’s lag by the NSDL, FIIs bought $895.98mn (Rs.5,799.33cr) in debt on 12 Oct. The yield on India’s 10-year benchmark bond closed at 7.554% compared with its Thursday’s close of 7.562%. Bond yields and prices move in opposite directions. Most Asian currencies closed higher. Singapore dollar was up 1.1%, Thai baht 0.37%, Taiwan dollar 0.32%, South Ko-rean won 0.23%, Japanese yen 0.17%, Philippines peso 0.17%, and Indonesian rupiah 0.16%. However, Malaysian rupiah was down 0.29%, China offshore 0.19%, and China renminbi declined 0.11%. The US dollar extends its losses to hit a fresh one month low against a basket of currencies on Wednesday, after data revealed that retail sales in the U.S. rose less than ex-pected in September, dampening optimism over the strength of the economy and dimming the case for higher interest rates. Demand for greenback remained broadly under pressure since expectations for a U.S. rate hike were pushed back to next year. The greenback remained under pressure after data on Wednesday showed that the annual rate of inflation in China slowed to 1.6% in September. The European unit was higher at 1.1404 against the dollar. The dollar was also lower against the yen with USD/JPY slipping 0.19% to 119.50. As against the pound, dollar dropped with GBP/USD climbing 0.75% to 1.5363 after data showed that the U.K. unemployment rate fell to a new seven-year low. The U.K. Office for National Statistics said the unemployment rate ticked down to 5.4% in the three months to August from 5.5% in the preceding three-month period. It was the lowest unemployment rate since the second quarter of 2008.


DAILY REPORT

15th

OCT. 2015


CALL REPORT

S T O

PERFORMANCE UPDATES

Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

14/10/15 NCDEX DHANIYA NOV. BUY 12370 12401-12481 12343 BOOKED PROFIT

14/10/15 NCDEX DHANIYA NOV. SELL 12180 12149-12069 12207 BOOKED FULL PROFIT

14/10/15 NCDEX GUARGUM NOV. BUY 8840 8890-8960 8780 NOT EXECUTED

14/10/15 NCDEX GUARGUM NOV. SELL 8620 8570-8500 8680 SL TRIGGERED

14/10/15 MCX GOLD OCT. BUY 27000 26580-26670 26400 NOT EXECUTED

14/10/15 MCX GOLD OCT. SELL 26800 26320-26230 26500 NOT EXECUTED

14/10/15 MCX SILVER DEC. BUY 37400 37600-37900 37100 SL TRIGGERED

14/10/15 MCX SILVER DEC. SELL 3700 36800-36500 37300 SL TRIGGERED

14/10/15 USD/INR OCT. BUY 65.38 65.51-65.66 65.18 NOT EXECUTED

14/10/15 USD/INR OCT. SELL 65.24 65.11-64.96 65.44 NO PROFIT NO LOSS

14/10/15 EUR/INR OCT. BUY 74.52 74.67-74.87 74.32 NOT EXECUTED

14/10/15 EUR/INR OCT. SELL 74.08 73.93-73.73 74.28 NOT EXECUTED

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

14/10/15 NIFTY FUTURE SELL 8180 8100-7950 8350 NOT EXECUTED

14/10/15 RELINFRA FUTURE SELL 375-378 370-365 385 BOOKED PROFIT

14/10/15 VOLTAS FUTURE SELL 266.5 264.5-261.5 270.70 SL TRIGGERED

14/10/15 NCC CASH BUY 78.5-79.5 81.5-83.00 76.50 NOT EXECUTED

08/10/15 YESBANK FUTURE BUY 730-735 750-765 715 CALL OPEN

09/10/15 NIFTY FUTURE SELL 8190 8070-7950 8380 CALL OPEN


DAILY REPORT

15th

OCT. 2015


NEXT WEEK'S U.S. ECONOMIC REPORTS

ECONOMIC CALENDAR

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TIME REPORT PERIOD ACTUAL CONSENSUS

FORECAST PREVIOUS

MONDAY, OCT. 12

NONE SCHEDULED COLUMBUS DAY

TUESDAY, OCT. 13

6 AM NFIB SMALL BUSINESS INDEX SEPT. -- 95.9

WEDNESDAY, OCT. 14

8:30 AM RETAIL SALES SEPT. 0.3% 0.2%

8:30 AM RETAIL SALES EX-AUTOS SEPT. 0.1% 0.1%

8:30 AM PRODUCER PRICE INDEX SEPT. -0.4% 0.0%

10 AM BUSINESS INVENTORIES AUG. 0.1% 0.1%

2 PM BEIGE BOOK

THURSDAY, OCT. 15

8:30 AM WEEKLY JOBLESS CLAIMS OCT. 3 N/A 263,000

8:30 AM CONSUMER PRICE INDEX SEPT. -0.3% -0.1%

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

8:30 AM EMPIRE STATE INDEX OCT. -5.5 -14.7

10 AM PHILLY FED OCT. 0.0 -6.0

FRIDAY, OCT. 16

9:15 AM INDUSTRIAL PRODUCTION SEPT. -0.2% -0.4%

9:15 AM CAPACITY UTILIZATION SEPT. 77.4% 77.6%

10 AM CONSUMER SENTIMENT OCT. 88.0 87.2

10 AM JOB OPENINGS AUG. -- 5.8 MLN


Business

Epic research special report of 15 oct 2015