Special Report 30-Oct-2018
Global markets at a glance US stocks fell in a volatile session on Monday, with the benchmark S&P 500 index ending close to confirming its second correction of 2018, hurt by fresh worries about USChina trade policy tensions and a sharp drop in the big technology and internet shares. Following a morning rally, major US indexes pulled back steeply after a Bloomberg report that the US is preparing to announce tariffs on all remaining Chinese imports by early December if talks next month between presidents Donald Trump and Xi Jinping falter. "Obviously this trade skirmish is metastasizing potentially into something worse than it already is," said Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia. Asian shares came under pressure on Tuesday after Wall Street peers finished weaker, hurt by fresh worries about the US-China trade war and were on track for their biggest October decline since the 2008 financial crisis. MSCI's broadest index of Asia-Pacific shares outside Japan slid 0.1 percent, tracking falls in US stocks. The index has fallen more than 12 percent this month.Japan's Nikkei average rose 0.9 percent and the Australian benchmark shed 0.2 percent in early morning trade.Major U.S. indices fell steeply in volatile trade after a Bloomberg report that the United States is preparing to announce tariffs on all remaining Chinese imports by early December if talks next month between presidents Donald Trump and Xi Jinping falter. PREVIOUS DAY ROUNDOFF Bulls staged a smart comeback on Monday after sharp selloff last week. The Nifty50 after gap up opening extended rally as the day progressed and closed above 10,250 levels, driven by short covering in banking & financials after ICICI Bank's Q2 earnings. All sectoral indices closed in the green with Pharma rising the most (up 5.2 percent) followed by Bank, Financial Service, IT, Metal and Realty which gained 2 -3 percent.The Nifty50 after opening higher at 10,078.10 extended rally as the day progressed and touched an intraday high of 10,275.30 in late trade. The index almost recovered all its previous week's losses and closed 220.90 points higher at 10,250.90, forming large bullish candle on the daily charts. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[19.25pts], Consumption[52.85pts],PSE[22.40pts],CPSE[+8.00pts],Energy [92.85pts],FMCG[275.80pts],Auto[75.95pts],Pharma [222.20pts],IT[584.25pts],Metal[-36.10pts],Realty[1.40 pts], Fin Serv sector[241.30pts].
World Indices Index
Value
% Change
DJI
24,442.92
-0.99
S&P500
2,658.69
-1.73
NASDAQ
6,713.90
-2.02
FTSE100
7,026.32
1.32
21,424.53 24,769.77
1.28 -0.17
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
Tech Mahindra
743.90
58.80
8.58
Indiabulls Hsg
834.60
65.45
8.51
UPL
674.35
37.55
5.90
HDFC
1,769.25
97.35
5.82
HCL Tech
1,055.60
50.75
5.05
CMP
Change
% Chg
Coal India Dr Reddys Labs Tata Steel Hindalco
266.15 2,542.45 553.85 220.40
-9.70 -51.85 -10.65 -3.50
-3.52 -2.00 -1.89 -1.56
Maruti Suzuki
6,616.40
-80.60
-1.20
Top Losers Company
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
ATNINTER
0.3
0.05
16.67
BLUECHIP
0.6
0.05
8.33
1485.75
-7.75
-0.52
2900
0
0
179.05
7.6
4.24
DIVISLAB HDFCMFGETF KILITCH
Stocks at 52 Week’s LOW Symbol
21STCENMGM 8KMILES AIFL AMBUJACEM ANGIND
Prev. Close
Change
%Chg
23.15 75.85 88.05 192.45 1.45
-0.45 -7.55 -4.4 4.2 0.05
-1.94 -9.95 -5 2.18 3.45
Indian Indices Company
CMP
Change
% Chg
NIFTY
10386.60
188.20
1.85
SENSEX
34442.05
550.92
1.63
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Special Report 30-Oct-2018
RECOMMENDATIONS [FUTURE] 1.SUNPHARMA [FUTURE ] Stock has shown consolidation from the bottom of the chart with good volumes. It took support on the trend line on daily chart. The stockhastic has also shown reversal from its bottom level of 10. As per the last candle it has made a breakout and closed above its crucial resistance level of 578 in the intraday level its in little oeverbought condition so we advice you to buy around 570-572 for the targets of 580-590 with stoploss below 565.
2.RAYMOND [FUTURE] A clear consolidation can be seen around the levels of 735758 as per the market strength the traders can get opportunity to enter in this counter and as per the daily chart it has made a double bottom breakout and as per the trend it may continue its movement today also so we you to buy raymond future around 768-770 for the targets of 780-790 with stoploss below 760.
STOCK RECOMMENDATION [CASH] KEC - [CASH] Stock has shown consolidation from the bottom of the chart with good volumes. It made multiple times reversals around these levels 263 and 255 and shown bounce back from there now its near to make a breakout above 290 ,so we recommend you to buy around 290-292 for the target of 296-300 with the stop loss below 287.
MACRO NEW Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 33.5 points or 0.33 percent. Nifty futures were trading around 11,242level on the Singaporean Exchange. Oil prices fell on Tuesday, dragged down by ongoing weakness in global stock markets and by signs of rising global supply despite looming sanctions on Iran’s crude exports.Front-month Brent crude oil futures were at $76.78 a barrel at 0040 GMT, down 56 cents, or 0.8 percent, from their last close. US West Texas Intermediate (WTI) crude futures were at $66.78 a barrel, down 26 cents, or 0.4 percent, from their last settlement. Domestic institutional investors (DIIs) invested Rs 23,545.94 crore in Indian stock markets in October, taking advantage of the correction in the market. Their total investments this year have crossed Rs 1 trillion so far. DIIs’ net investment in Indian equity market so far this year stands at Rs 1.06 trillion. Mutual funds have pumped in a net of Rs 1.04 trillion, implying that some DIIs may have been net sellers of the asset class. As many as 135 companies will declare their results for the quarter ended September 30 which include names like Bank of Baroda, Bhushan Steel, Cummins India, Dena Bank, IDFC Ltd, JK Tyre, Bank of Maharashtra, Tech Mahindra and Torrent Power among others.
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Special Report 30-Oct-2018
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Op- Strike tion Price Type
LTP
Traded Volume (Contracts)
Open Interest
AAVAS Financiers Q2: Profit rises to Rs 35.28 crore versus Rs 32.86 crore; revenue jumps to Rs 163.62 crore versus Rs 128.03 crore YoY.
Nucleus Software Q2: Profit increases to Rs 19.14 crore versus Rs 17.59 crore; revenue rises to Rs 121.49 crore from Rs 112.61 crore QoQ.
NIFTY
CE
10,500
149
1,58,775
20,31,825
NIFTY
CE
10,600
103.8
1,10,299
18,98,175
BANKNIFTY
CE
25,000
163.4 12,70,545
4,91,420 NIFTY FUTURE
BANKNIFTY
CE
25,200
73.85 10,59,991
6,59,460
RELIANCE
CE
1,100
24.2
7,035
20,68,000
MARUTI
CE
7,000
114
5,455
2,51,100
RELIANCE
CE
1,080
32
4,362
9,61,500
RELIANCE
CE
1,060
41.3
3,361
6,14,000
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST Symbol
Op- Strike tion Price Type
LTP
2,83,500
Traded Volume (Contracts)
Open Interest
1,37,321
45,22,950
NIFTY
PE
10,000 102.1
NIFTY
PE
10,200
155
97,811
35,77,200
BANKNIFTY
PE
24,500
15.5
10,05,670
9,53,360
BANKNIFTY
PE
24,400
12.8
6,88,071
5,83,800
RELIANCE
PE
1,000
16.2
4,432
8,32,500
RELIANCE
PE
1,040
29.2
3,910
5,00,500
TATASTEEL
PE
500
6.8
3,405
6,90,711
RELIANCE
PE
1,060
38.3
3,115
3,94,000
From the daily chart after rebounding from its important support level of 10030 the nifty future made a breakout which closed above its previous resistance level of 10280, however some corrections can be found during the initial trading session of the market since as per the intraday level stockhastic momentum indicator is showing a overbought conditiion in hourly chart so its better to buy nifty future around 10320-10300 for the targets of 10400-450 with stoploss below 10250.
FII DERIVATIVES STATISTICS BUY
SELL
No. of Contracts
Amount in Crores
No. of Amount in Contracts Crores
INDEX FUTURES
73946
4619.45
72111
INDEX OPTIONS
1001953
57259.97
STOCK FUTURES
330001
STOCK OPTIONS
100161
OPEN INTEREST AT THE END OF THE DAY No. of Contracts
Amount in Crores
NET AMOUNT
4765.99
320587
22900.51
-146.5317
983452
56495.98
687254
48146.91
763.986
16696.10
319543
16154.86
1413465
77292.40
541.24
5482.55
98899
5393.56
54369
2965.15
88.9889 1247.6832
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
10586.00
10486.00
10295.00
10195.00
10004.00
BANKNIFTY
25633.00
25393.00
24960.00
24720.00
24287.00
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Special Report 30-Oct-2018
RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD DEC FUT ABOVE 32000 TGT 32050 32100 SL BELOW 31950 SELL GOLD DEC FUT BELOW 31900 TGT 31850 31800 SL ABOVE 31950
SILVER TRADING STRATEGY: BUY SILVER DEC FUT ABOVE 38750 TGT 38800 38850 SL BELOW 38700 SELL SILVER DEC FUT BELOW 38650 TGT 38600 38550 SL ABOVE 38700
COMMODITY ROUNDUP COMEX Gold extended a drop and slipped to near three week lows as a recent correction extended. The metal is currently trading at $1219 per ounce, down half a percent on the day. A report released by the Conference Board on Tuesday showed a continued increase in US consumer confidence in the month of October. The Conference Board said its consumer confidence index rose to 137.9 in October from a downwardly revised 135.3 in September. DOW jumped on bargain buying after testing near three month lows. Supportive economic data helped the sentiments. This upmove in stocks pushed Gold lower. MCX Gold futures also ended down 0.20% at Rs 31825 after falling under Rs 32000 levels. Besides, a pick-up in buying by local jewellers to meet seasonal demand at domestic spot markets and diversion of funds from falling equity markets also supported the uptrend, they said. In the national capital gold of 99.99 and 99.5 per cent purity rallied by Rs 125 each to Rs 32,625 and Rs 32,475 per 10 gram, respectively. This is the highest level since November 29, 2012 when the precious metal had closed at Rs 32,940 per ten gram. This is the third straight session of gain for the yellow metal which has gained Rs 405 since October 23. Sovereign gold, however, traded steady at Rs 24,800 per piece of eight gram. COMEX Copper futures took a hefty tumble as China reported weakest manufacturing growth in more than two years. China's manufacturing sector continued to expand in October, albeit at a slower pace with a manufacturing PMI score of 50.2, the latest survey from the National Bureau of Statistics said on Wednesday, down from 50.8 in September. It remains above the boom-or-bust line of 50 that separates expansion from contraction. COMEX Copper is quoting down 2.60% at $2.66 per pound- around six week lows. MCX Copper futures crashed 2.30% to end at Rs 435 per kg yesterday and should start on a bleak note today as well. MCX Zinc futures jumped half a percent today, extending a recovery from near one month low as the base metals complex eyed gains in equities today. Share markets edged up in Asia and Europe and offered good support to commodities too. MCX Zinc futures are currently trading at Rs 192.60 per kg, up 0.47% on the day right now. LME Zinc futures fell around 1.50% yesterday to close at a two week low of $2650 per tonne. Prices have been under stress of late.The global zinc market was in surplus by 20.6 kilo tons (kt) during January to August 2018 which compares with a deficit of 439 kt recorded in the whole of the previous year, according to the latest data released by the World Bureau of Metal Statistics.
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Special Report 30-Oct-2018
RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM OCT ABOVE 10170 TARGET 10220 10280 SL 10120 SELL GUARGUM OCT BELOW 10040 TARGET 10000 9950 SL 10100
NCDEX INDICES Index
Value
% Change
Barley Castor Seed Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT
1904 5736 4004 5825 1810 4603
0.74 0.46 1.11 -0.65 -1.6 -0.36
20620
1.9
4090 3308 6788
-0.61 -0.75 -0.35
Jeera Mustardseed Soy Bean Turmeric
DHANIYA TRADING STRATEGY: BUY CORIANDER OCT ABOVE 5950 TARGET 6000 6050 SL 5900 SELL CORIANDER OCT BELOW 5750 TARGET 5700 5650 SL 5800
Heavy selling was seen in chana and wheat market due to fragile demand by millers at higher levels along with stock liquidation by government agencies. In today's trading both Chana and wheat futures hammered by more than 2 percent. The market sources added that heavy stock selling by NAFED to cater domestic festival demand has maintained adequate supplies in local mandies. On the other side, selling was also emerged in guraseed counter as traders have reported some profit taking in guar market. The sources have estimated 60 thousand bags of daily arrivals of guar seed. The daily arrivals are likely to increase in the coming days. The NCDEX Guarseed November futures declined by 0.40 percent today. Sharp selling was seen in across all agri commodities on the back of strong kharif supplies in local mandies coupled with limited demand at current levels. All the major counters such as spices and oilseeds complex settled with losses.The NCDEX Chana futures settled in red as prices were guided by heavy stock liquidation by NAFED in local mandies. The daily arrivals were reported at 20 motors today in Delhi. On the other side, selling was seen in oilseeds market as prices declined today due to bearish nodes from international market along with sowing trend of Soyabean crop so far in the current year. Soyabean market has reported 11 lakh bags of arrivals today , around 6 lakh bags higher from last day. Weakness was seen in Jeera market due to fragile export at elevated levels. The NCDEX November futures declined by 0.40% today. The prices have declined by almost 6% from peak. While limited trading was seen in turmeric market as prices were hovering around last close to settle with marginal losses.
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Special Report 30-Oct-2018
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
73.9936 Yen
65.3600
Euro
83.9250 GBP
94.1016
USD/INR TRADING STRATEGY: BUY USDINR ABOVE 74.00 TGT 74.50/75.00 SL BELOW 73.50 SELL USDINR BELOW 73.00 TGT 72.50/72.00 SL ABOVE 73.50
GBP/INR TRADING STRATEGY: BUY GBPINR ABOVE 94.80 TGT 95.30/95.80 SL BELOW 94.30 SELL GBPINR BELOW 93.00 TGT 92.50/92.00 SL ABOVE 93.50
The euro skidded to its weakest since Aug. 20 on Wednesday after signs that economic growth could be slowing in Germany and France, the euro zone's two biggest economies. German private-sector growth slowed to its lowest level in more than three years as manufacturing and services both lost momentum, below forecasts, while manufacturing in France hit a 25-month low, widely-watched surveys showed. The single currency, earlier trading flat, dropped 0.4 per cent to $1.1422 after the surveys were published. The euro was the only big mover, with broader currency markets treading water as investors stay nervous about which direction to take despite some calm coming back into the market after this week's sharp falls in equity prices. The euro was the only big mover, with broader currency markets treading water as investors stay nervous about which direction to take despite some calm coming back into the market after this week's sharp falls in equity prices. The Japanese yen - often bought when broader markets slide - gave up some of its earlier gains, suggesting renewed demand for risk-taking as Asian stock markets rebounded. Big falls in stock prices have shaken foreign exchange markets this week, with the yen the main gainer, although currencies have largely remained calm as investors weigh up whether equity weakness is a major correction or just another wobble in a nearly decade-long bullmarket run. The rupee bounced back from the day's low level to settle almost flat at 73.57 against the US currency Tuesday helped by easing crude oil prices and increased dollar selling by banks and exporters. The rupee opened weak at 73.74 and later fell to the day's low of 73.82 due to steady capital outflows amid deep losses in stock markets due to growing geopolitical concerns. However, retreating crude oil prices which fell 1.93 per cent to USD 78.29 per barrel eased concerns and helped arrest a decline in the local currency, a dealer said. Increased dollar selling by banks on the behalf of the Reserve Bank helped the rupee recover from losses. "Rupee pared losses and closed flat as crude oil prices retreated and dollar selling by state run lenders on behalf of RBI," V K Sharma, Head PCG & Capital Markets Group, HDFC Securities said.
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Special Report 30-Oct-2018
Date
Commodity/ Currency Pairs
31/10/18
NCDEX DHANIYA
SEP
BUY
31/10/18
NCDEX DHANIYA
SEP
31/10/18
NCDEX GUARGUM5
31/10/18
Contract Strategy
Entry Level
Target
Stop Loss
Remark
5930
5980 6030
5880
SL TRIGGERED
SELL
5800
5750 5700
5850
NOT EXECUTED
OCT
BUY
10350
10400 10450
10300
NOT EXECUTED
NCDEX GUARGUM5
OCT
SELL
10050
10000 9950
10100
NOT EXECUTED
31/10/18
MCX GOLD
OCT
BUY
32000
32050 32100
31950
OPEN
31/10/18
MCX GOLD
OCT
SELL
31800
31750 31700
31850
TARGET HIT
31/10/18
MCX SILVER
SEP
SELL
38400
38450 38500
38350
TARGET HIT
31/10/18
MCX SILVER
SEP
BUY
38250
38200 38150
38300
NOT EXECUTED
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
Entry Level
Target
Stop Loss
Remark
31/10/18
NIFTY
FUTURE
BUY
10000
10400
9950
OPEN
31/10/18
INDUSINDBK
FUTURE
BUY
1400-1395
1375-55
1415
TARGET HIT
31/10/18
IRB
FUTURE
BUY
127.50-128
133-138
125
TARGET HIT
31/10/18
DELTACORP
CASH
BUY
231-232
236-242
228
TARGET HIT
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Special Report 30-Oct-2018
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS TIME (ET)
REPORT
PERIOD
ACTUAL
FORECAST
PREVIOUS
0.4%
0.3%
0.1%
0.0%
TUESDAY, OCT. 30
TUESDAY, OCT. 30
136.5
138.4
MONDAY, OCT. 29 8:30 am
Personal income
Sept. 8:30 am
8:30 am
Core inflation
Sept.
TUESDAY, OCT. 30
TUESDAY, OCT. 30
TUESDAY, OCT. 30
TUESDAY, OCT. 30
9 am 10 am
Consumer confidence index
Oct.
10 am
Home ownership
Q3 WEDNESDAY, OCT. 31
8:15 am
ADP employment
Oct.
8:30 am
Employment cost index
Q3
9:45 am
Chicago PMI
Oct.
THURSDAY, NOV. 1
THURSDAY, NOV. 1
THURSDAY, NOV. 1
230,000 0.8%
0.6% 60.4
THURSDAY, NOV. 1
THURSDAY, NOV. 1
THURSDAY, NOV. 1
2.3%
2.9%
8:30 am 8:30 am
Productivity
Q3 Disclaimer
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