Epic research special report of 26 aug 2015

DAILY REPORT

26th

AUG. 2015

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance

European shares rose more than 4 percent on Tuesday,

their best one-day gain since late 2011, as a rate cut in

China fuelled a recovery from a bruising 48-hour sell-off.

European Central Bank is ready to take further measures if

the inflation outlook changes materially, ECB Vice President

Vitor Constancio said.The pan-European FTSEurofirst 300

index, which slumped 5.4 percent on Monday, closed up

4.2 percent. The blue-chip Euro STOXX 50 index rose 4.7

percent. German chipmaker Infineon rose 10 percent while

miner Antofagasta gained 8.7 percent.

A rally on Wall Street evaporated on Tuesday and stocks

ended with deep losses as concerns about China's economy

outweighed lower valuations that some earlier saw as bar-

gains. In a dramatic session, major indices turned negative

in the final minutes of trading after previously climbing al-

most 3 percent. Investors cited more worries that a slow-

down in China could hobble global growth, even after the

country's central bank cut interest rates on Tuesday for the

second time in two months. The move came after Chinese

stocks slumped 8 percent on Tuesday, on top of an 8.5 per-

cent drop on Monday. The Dow Jones industrial average

fell 204.91 points, or 1.29 percent, to end at 15,666.44. The

S&P 500 lost 25.59 points, or 1.35 percent, to finish at

1,867.62 and the Nasdaq Composite dropped 19.76 points,

or 0.44 percent, to 4,506.49.

Previous day Roundup

ndian shares rose on Tuesday, bouncing back from their

lowest levels in a year as markets were seen as oversold,

while sentiment was also helped after the government said

it would make another attempt to pass the goods and ser-

vices tax The broader NSE index rose 0.92 percent to

7,880.70 points, snapping a three-day losing streak. It ear-

lier hit its lowest since Aug. 12, 2014. The benchmark BSE

index ended 1.13 percent higher after earlier falling as

much as 1.7 percent to its lowest since Aug. 8, 2014.

Index stats

The Market was very volatile in last session. The sartorial

indices performed as follow; Consumer Durables [up

56.58pts], Capital Goods [down 64.21pts], PSU [up

167.64pts], FMCG [up 57.01pts], Realty [up 78.52pts],

Power [up 16.02pts], Auto [up 359.50Pts], Healthcare

[down 197.89Pts], IT [down 52.68pts], Metals [up

277.30pts], TECK [up 1.51pts], Oil& Gas [up 64.21 pts].

World Indices

Index Value % Change

D J l 16990.69 -2.06

S&P 500 2035.73 -2.11

NASDAQ 4877.49 -2.82

FTSE 100 6367.89 -0.56

Nikkei 225 19612.93 -2.10

Hong Kong 22281.67 -2.09

Top Gainers

Company CMP Change % Chg

YESBANK 681.00 51.30 8.15

TATAMOTORS 329.50 21.25 6.89

VEDL 86.20 5.10 6.29

BPCL 868.80 50.20 6.13

ICICIBANK 284.00 14.05 5.20

Top Losers


TATAPOWER 58.25 4.00 -6.43

HDFC 1,150.00 17.75 -1.52

POWERGRID 129.20 1.90 -1.45

HCLTECH 914.70 13.20 -1.42

AMBUJACEM 209.50 2.65 -1.25

Stocks at 52 Week’s HIGH

Symbol Prev. Close Change %Chg

AMARAJABAT 1,087.80 96.05 9.68

Indian Indices


NIFTY 7880.70 .71.70 +0.92

SENSEX 26032.38 +290.82 +1.13

Stocks at 52 Week’s LOW

Symbol Prev. Close Change %Chg

ABAN 233.95 -6.95 -2.89

ACC 1,374.70 7.55 0.55

ADANIPOWER 21.55 0.50 2.38

GAIL 281.65 8.30 3.04

IRB 212.80 -1.90 -0.88

L&TFH 61.80 2.10 3.52

ONGC 232.00 4.30 1.89

PFC 212.80 17.70 9.07

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DAILY REPORT

26th

AUG. 2015


STOCK RECOMMENDATION [CASH]

1. CHENNPETRO (CASH)

CHENNPETRO finished around 3% gain it break 200 level but with recovery in market it given smart bounce and cre-ate long bullish hammer on EOD chart since market trend is bearish but in any bounce back it can give around 8-10% bounce so buy it above 230 use strict stop loss of 224 for target of 235-240-245

MACRO NEWS

China lowers 1-yr lending rate, deposit rate by 25 bps

RBI rate cut hinges on yuan devaluation, US Fed action: DBS

Government may announce OROP on August 28 on the occasion of the 50th anniversary of 1965 war:

Govt eyes promulgation of land ordinance for 4th time | PM wants to fix call drops

Petrochemical & related industries to touch $280 billion by 2020

PEs warm up to realty, investment jumps over Rs 11,000 crore in H1

Glenmark to launch 10-12 new products in India, eyes 18-20 per cent growth

Cipla urges government to support capital investment, R&D for pharma industry

AuroPharma targets a revenue of over $3 bn by 2017-18

Overseas textile importers seek a pie in higher realisa-tion for Indian exporters

STOCK RECOMMENDATIONS [FUTURE] 1. BIOCON [FUTURE]

BIOCON Future finished around 4.63% gain it maintain previ-ous session low of 394.55, at 400 it has strong support tech-nically as well as psychologically from these level it can be positional buy with stop loss of 393 while in intraday buy it around 405-410 use strict stop loss of 398 for target of 415-420-430+.

2.MINDTREE [FUTURE]

In volatility IT sector was too weak but some index heavy-weight given recovery but finished with loss for that MIND-TREE Future finished with 4% loss and create too long bear-ish candle on RSI it has divergence while 55DMA at 1305. around 1320 it has short term resistance so we advise to sell


DAILY REPORT

26th

AUG. 2015


FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 8,000 39.10 15,74,752 36,51,625

NIFTY CE 8,100 15.25 11,12,221 23,05,975

BANKNIFTY CE 17,500 120.00 1,48,011 3,77,050

INFY CE 1,100 11.50 8,725 5,71,500

ASHOKLEY CE 90 1.00 8,649 29,72,000

SBIN CE 260 2.25 8,630 16,77,000

LT CE 1,650 18.50 6,061 98,000

RELIANCE CE 860 14.50 5,980 2,91,500

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 7,700 30.05 13,79,367 25,62,400

NIFTY PE 7,800 53.00 12,99,899 32,60,825

BANKNIFTY PE 16,500 39.10 1,10,738 2,43,050

LT PE 1,600 11.30 5,395 72,500

DLF PE 100 0.85 5,174 23,04,000

ASHOKLEY PE 80 0.40 4,898 26,48,000

SBIN PE 240 1.45 4,795 7,19,000

TATASTEEL PE 200 1.50 4,540 9,38,000

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 417605 8577.42 364702 7553.92 1022009 21803.37 1023.51

INDEX OPTIONS 2046437 43902.02 2139792 45999.53 3475185 84672.57 -2097.51

STOCK FUTURES 653522 16141.37 593849 14841.92 2081782 51818.19 1299.45

STOCK OPTIONS 171845 4357.23 171327 4348.52 162196 4027.79 8.70

TOTAL 234.13

STOCKS IN NEWS Welspun Corp forms JV with Wasco Energy for Rs 200

cr plant

L&T Construction bags orders worth Rs 1,563 crore in July, August

ITC denies receiving notice on excess lead in Yippee

Suzlon commissions 6.25 MW-wind project for NSE

ONGC Vsubmits revised development plan for Iran gas field

Union Bank keen to join payments banks bandwagon

NIFTY FUTURE

Nifty Future in yesterday trading session faced volatility as in first half it broke the important support of 7750 but in later hours it reversed and recovered all losses to close with positive signals ahead. We advise you to buy Nifty around 7900 for the targets of 8000 and 8150 with strict stop loss of 7750.

INDICES R2 R1 PIVOT S1 S2

NIFTY 8,080.60 7,981.53 7,824.45 7,723.50 7,566.30

BANK NIFTY 17,643.12 17,417.93 17,043.97 16,818.78 16.444.82


DAILY REPORT

26th

AUG. 2015


RECOMMENDATIONS

GOLD

TRADING STRATEGY:

BUY GOLD OCT ABOVE 26800 TGTS 27880,26790 SL BE-

LOW 26700

SELL GOLD OCT BELOW 26600 TGTS 26520,26430 SL

ABOVE 26700

SILVER

TRADING STRATEGY:

BUY SILVER SEP ABOVE 34800 TGTS 35000,35300 SL BE-

LOW 34500

SELL SILVER SEP BELOW 34500 TGTS 34300,34000 SL

ABOVE 34800

COMMODITY ROUNDUP

Falling crude oil prices that have touched a six-and-a-half

year low have cast a shadow on the viability of investment

in unconventional energy sources. From shale assets, in

which Indian companies made a debut when oil prices had

soared to more than $100 a barrel, to solar power, where

technology costs overbear the zero cost of fuel, analysts are

sceptical about the way forward. At present, Brent crude is

hovering around $44 a barrel. Analysts say it is too low for

oil companies to make economic sense by investing in un-

conventional energy sources, though shale oil and gas have

generated considerable interest from Indian companies.

MCX Gold tumbled near Rs 27000 per 10 grams mark in

volatile trade as the global gold futures eased under $1150

per ounce. Gold managed to hold steady yesterday as an

across the globe panic hit equities. Chinese economic wor-

ries refuse to budge and markets started on a nervous

mode. However, modest gains emerged in equities today as

bargain buying lifted sentiments. European markets gained

in impressive moves and kept gold under check. COMEX

Gold futures are trading at 1150 per ounce, down 0.31% on

the day after falling around $1145 levels earlier. MCX Gold

futures are trading at Rs 27109 per 10 grams, down 1.22%

on the day after falling near Rs 27050 mark. Gold specula-

tors and large futures traders increased their gold bullish

positions higher last week for a third consecutive week, ac-

cording to the latest Commitment of Traders (COT) data

released by the CFTC on Friday.

MCX SILVERMIC August contract was trading at Rs 35007

down Rs 411, or 1.16 percent. The SILVERMIC rate touched

an intraday high of Rs 35578 and an intraday low of Rs

34861. So far 26649 contracts have been traded. SILVERMIC

prices have moved down Rs 1329, or 3.66 percent in the

August series so far. MCX SILVERMIC November contract

was trading at Rs 35840 down Rs 398, or 1.10 percent. The

SILVERMIC rate touched an intraday high of Rs 36801 and

an intraday low of Rs 35715. So far 7014 contracts have

been traded. SILVERMIC prices have moved down Rs 2860,

or 7.39 percent in the November series so far.


DAILY REPORT

26th

AUG. 2015


NCDEX

RECOMMENDATIONS

DHANIYA

BUY CORIANDER SEP ABOVE 10815 TARGET 10845 10895 SL

BELOW 10785

SELL CORIANDER SEP BELOW 10600 TARGET 10570 10520

SL ABOVE 10630

GUARSGUM

BUY GUARGUM OCT ABOVE 9040 TARGET 9090 9160 SL

BELOW 8980

SELL GUARGUM OCT BELOW 8900 TARGET 8850 8780 SL

ABOVE 8960

NCDEX ROUNDUP

As per latest release from Cargo Surveyor Intertek Agri Ser-

vices, Malaysia's palm oil exports during August 1-25, 2015

stood at 12.75 Lakh metric tonnes, up 10% from the last

month in the same period.

Chana futures have witnessed strong gains today on the

back of possible decline in kharif pulses production in the

current year coupled with limited supplies of rabi pulses in

local mandies. The NCDEX futures added 2.36 percent to-

day. The total kharif pulses production is likely to decline by

10 percent from the last year to reach 5.12 lakh tonnes due

to limited supplies from states such as Karnataka, Madhya

Pradesh and Andhra Pradesh. The prices were also aug-

mented by thin supplies of chana at local mandies as the

daily arrivals of chana at Delhi mandi have been reduced to

25 motors against 40 motors of the last week. The NCDEX

September futures swelled by 2.36 percent today to close at

Rs 4768 per quintal. The NCDEX futures added 8 percent in

open interest indicating fresh buying by traders.

Oil rose more than three percent on Tuesday, as oversold

conditions brought some buyers back to the market, but a

lingering supply glut and worries about the slowing econ-

omy in top commodities consumer China kept crude

prices near 6-1/2-year lows. The market braced for more

losses in crude on expectations that US crude stockpiles

rose again last week amid refinery outages. Early estimates

in a Reuters poll showed a build of 2.2 million barrels, add-

ing to the previous week's 2.6 million-barrel build.

NCDEX INDICES

Index Value % Change

CAETOR SEED 4026 -0.76

CHANA 4825 +1.03

CORIANDER 10742 +0.03

COTTON SEED 20332 +0.25

GUAR SEED 3974 +1.58

JEERA 15700 -1.13

MUSTARDSEED 4250 +0.02

REF. SOY OIL 573.45 +0.80

TURMERIC 8238 +1.55

WHEAT 1513 -0.13


DAILY REPORT

26th

AUG. 2015


RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 66.7090 Yen-100 56.0100

Euro 77.1089 GBP 105.1000

CURRENCY

USD/INR

BUY USD/INR AUG ABOVE 66.27 TARGET 66.4 66.55 SL BE-

LOW 66.07

SELL USD/INR AUG BELOW 65.93 TARGET 65.8 65.65 SL

ABOVE 66.13

EUR/INR

BUY EUR/INR AUG ABOVE 76.4 TARGET 76.55 76.75 SL BE-

LOW 76.2

SELL EUR/INR AUG BELOW 75.5 TARGET 75.35 75.15 SL

ABOVE 75.7

CURRENCY MARKET UPDATES:

The US dollar recovered further against a basket of curren-

cies on Tuesday, after China's central bank cut interest

rates in a bid to bolster economic growth after a plunge in

the country's stock market. The dollar index, which meas-

ures the greenback's strength against a trade-weighted

basket of six major currencies, climbed to as much as 94.25

following the China move and was last seen at 94.15, re-

covering from the eight-month trough of 92.52 set on

Monday.

The People's Bank of China cut interest rates by 25 basis

points to 4.6%. The bank also cut the reserve requirement

ratio for large lenders to 18.0%. Fears over a global eco-

nomic downturn, led by a slowdown in China's economy

have intensified in recent days, accelerating a selloff across

global markets. Asian and European stocks rebounded on

Tuesday, but shares in China and Japan continued to

slump. Shares in Shanghai fell around 8% overnight, one

day after the worst trading session since 2007, dubbed

'Black Monday'.

As against the euro, dollar rallied around 1%, with EUR/

USD at 1.1502 backing further away from Monday's eight-

month peaks of 1.1713. USD/JPY advanced to 120.03. Ster-

ling trimmed back gains against the dollar, with GBP/USD

last at 1.5784 after rising to seven-week highs of 1.5819

earlier.

The Indian rupee extended gains in afternoon trading on

Tuesday, rebounding further from a two-year low against

the dollar earlier in the day, after China's central bank cut

interest rates and simultaneously relaxed reserve require-

ments. The Indian rupee gained to as much as 65.89 per

dollar after the news from China from levels of around

66.20. It had earlier hit as low as 66.76 to the dollar, its

weakest since Sept. 4, 2013. Meanwhile, the benchmark 10

-year bond yield was trading at 7.81 percent compared to

its 7.89 percent close on Monday. The yield had hit a ses-

sion high of 7.91 earlier in the day.


DAILY REPORT

26th

AUG. 2015


CALL REPORT

S T O

PERFORMANCE UPDATES

Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

25/08/15 NCDEX DHANIYA SEPT. BUY 10860 10890-10940 10830 BOOKED FULL PROFIT

25/08/15 NCDEX DHANIYA SEPT. SELL 10550 10520-10470 10580 NOT EXECUTED

25/08/15 NCDEX GUARGUM OCT. BUY 8850 8900-8970 8790 SL TRIGGERED

25/08/15 NCDEX GUARGUM OCT. SELL 8610 8560-8490 8670 NOT EXECUTED

25/08/15 MCX GOLD OCT. BUY 27600 27680-27770 27500 NOT EXECUTED

25/08/15 MCX GOLD OCT. SELL 27300 27220-27130 27400 BOOKED FULL PROFIT

25/08/15 MCX SILVER SEPT. BUY 35600 35800-36100 35300 NOT EXECUTED

25/08/15 MCX SILVER SEPT. SELL 35200 35000-34700 35500 BOOKED FULL PROFIT

25/08/15 USD/INR AUG. BUY 66.82 66.95-67.10 66.62 NOT EXECUTED

25/08/15 USD/INR AUG. SELL 66.64 66.51-66.36 66.84 BOOKED FULL PROFIT

25/08/15 EUR/INR AUG. BUY 76.8 76.95-77.15 76.60 BOOKED FULL PROFIT

25/08/15 EUR/INR AUG. SELL 76.30 76.15-75.95 76.50 BOOKED FULL PROFIT

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

25/08/15 NIFTY FUTURE SELL 7870 7790-7700 8000 BOOKED FULL PROFIT

25/08/15 ACC FUTURE BUY 1347-1352 1365-1380 1330 SL TRIGGERED

25/08/15 KSCL FUTURE SELL 416 412-407 421.5 BOOKED FULL PROFIT

25/08/15 ITC CASH BUY 317-318 321-324 314 SL TRIGGERED


DAILY REPORT

26th

AUG. 2015


NEXT WEEK'S U.S. ECONOMIC REPORTS

ECONOMIC CALENDAR

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Disclaimer

TIME REPORT PERIOD ACTUAL CONSENSUS

FORECAST PREVIOUS

MONDAY, AUG. 17

8:30 AM EMPIRE STATE INDEX AUG. -- 3.9

10 AM HOME BUILDERS' INDEX AUG. -- 60

TUESDAY, AUG. 18

8:30 AM HOUSING STARTS JULY 1.24 MLN 1.174 MLN

8:30 AM BUILDING PERMITS JULY -- 1.337 MLN

WEDNESDAY, AUG. 19

8:30 AM CONSUMER PRICE INDEX JULY 0.1% 0.3%

8:30 AM CORE CPI JULY 0.2% 0.2%

2 PM FOMC MINUTES JULY 28-

29

THURSDAY, AUG. 20

8:30 AM WEEKLY JOBLESS CLAIMS AUG. 15 N/A N/A

10 AM PHILLY FED AUG. -- 5.7

10 AM EXISTING HOME SALES JULY 5.40 MLN 5.49 MLN

10 AM LEADING INDICATORS JULY -- 0.6%

FRIDAY, AUG. 21

NONE SCHEDULED


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Epic research special report of 26 aug 2015