Special Report 4-Sep-2018
Global markets at a glance The S&P 500 ended flat while the Dow edged down and the Nasdaq closed higher in light trading on Friday as Canada and the United States concluded trade talks without resolution ahead of the Labor Day weekend. Capping a low-volume, late-summer week marked by tariffrelated volatility, all three major US indexes posted net gains for the period. The indexes were also up for the month of August, with the Nasdaq posting its largest monthly gain since January. Talks between Canada the United States to renegotiate the North American Free Trade Agreement (NAFTA) ended on a sour note as the two sides were unable to reach a deal, according to the Wall Street Journal. Asian shares fell in early trade on Tuesday, amid growing concerns over escalating international trade disputes and as emergency austerity measures in Argentina highlighted turbulence in emerging markets. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was down 0.2 percent after European shares ended mostly flat, though a weak British pound helped to lift London's bluechip FTSE almost 1 percent. Previous day Roundup The Nifty which started on a positive note failed to hold on to momentum and breached its 5-day exponential moving average in September 3. The index closed below its crucial support placed at 11,600 and made a robust bear candle on daily charts which resembles a Bearish Belt Hold kind of pattern. The Nifty index found support at 13-day exponential moving average (EMA) before closing the day at 11,582, down nearly 1 percent from the previous close of 11,680.India VIX spiked up by 6.29 percent at 13.39 and a sudden jump in volatility is a cause of concern for immediate basis. According to Pivot charts, the key support level is placed at 11,515.87, followed by 11,449.43. If the index starts moving upwards, key resistance levels to watch out are 11,700.27 and 11,818.23. The Nifty Bank index closed at 27,819.5 on Monday. The important Pivot level, which will act as crucial support for the index, is placed at 27,663.54, followed by 27,507.57. On the upside, key resistance levels are placed at 28,089.33, followed by 28,359.17. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[10.40], Co nsum ptio n[ -70 .00 pts],Bank[ -242 .2 5 pts],Auto [ 73.60pts],FinService[-87.75pts],Fmcg[-802.00pts],Auto[7 3 .6 0 pts],P harm a[ -3 1.0 5 pts],IT[ -86 .70 pts],M etal [13.25pts],Realty[-2.75 pts], Realty[--2.75pts].
World Indices Index
Value
% Change
25,964.82
-0.09
S&P500
2,905.25
+0.13
NASDAQ
8,109.54
+0.24
FTSE100
7,504.60
+0.96
22,642.01 27,721.21
-0.29 +0.03
DJI
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
2,593.40
101.40
4.07
51.05
1.70
3.44
28,885.85
826.10
2.94
Wipro
308.35
7.10
2.36
Titan Company
912.75
20.85
2.34
CMP
Change
% Chg
2,724.05 1,699.10 194.50 631.80 745.65
-132.55 -81.00 -7.00 -17.45 -20.15
-4.64 -4.55 -3.47 -2.69 -2.6
Dr Reddys Labs Idea Cellular Eicher Motors
Top Losers Company
Bajaj Finance HUL Power Grid Corp Axis Bank Tech Mahindra
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
3MINDIA
25945
-4
-0.02
ALBERTDAVD
617.15
94.8
15.36
1188.02
-63.02
-5.3
DATAMATICS
141.45
5.25
3.71
DHFL
667.65
10.45
1.57
Prev. Close
Change
%Chg
27.95 4.6 993.7 19.35 4.75
0 0 -1.8 -0.95 0.2
0 0 -0.18 -4.91 4.21
AXISNIFTY
Stocks at 52 Week’s LOW Symbol
AARVEEDEN ABGSHIP ACCELYA AICHAMP AMTEKAUTO
Indian Indices Company
CMP
Change
% Chg
NIFTY
11582.40
-98.10
-0.84
SENSEX
38312.52
-332.55
-0.86
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Special Report 4-Sep-2018
RECOMMENDATIONS [FUTURE] 1. MANAPPURAM [FUTURE ] After consolidating between the range 102-100 the particular script has broken its support level of 102 and closed below which confirms its downtrend here sell on weakness would be good opportunity to grap so we advice you to sell manappuram future from 100-100.50 for the target of 97-95 with stoploss above 102
2. ONGC [FUTURE] The particular counter is showing a clear sign of reversal from its resistance level of 180 and closed in a negative note by making a bearish confirmation candle from the daily chart its clear that it can show downward movement on the intraday basis so we advice you to sell ongc future around the levels of 177-176 for the targets of 173-170 with stoploss below 178.50.
STOCK RECOMMENDATION [CASH] UJJIVAN [CASH] The particular script has rebounded from its support level of 350,it has made a spinning top candle at this level here buy on support would be a good strategy to follow so we advice you to buy around the levels of 349-350 for the possible target of 353-358 with a stoploss below 346.
MACRO NEWS Trends on SGX Nifty indicate a flat opening for the broader index in India, a fall of 1 point or 0.01 percent. Nifty futures were trading around 11,629-level on the Singaporean Exchange. Oil prices rose on Monday, supported by concerns that falling Iranian output will tighten markets once US sanctions bite from November, but gains were limited by higher supply from OPEC and the United States. Brent crude oil was up 37 cents at USD 78.01 a barrel by 2:54 p.m. EDT (1854 GMT). US crude was 30 cents higher at USD 70.10. Enthused by 8.2 percent GDP growth in the first quarter of 2018-19, the Finance Ministry expressed the hope that economy may expand at 7.5 percent in the current fiscal. The country's economy is on steady growth path, Economic Affairs Secretary S C Garg said while commenting on the April-June quarter growth number. The robust performance this quarter gives hope that growth could exceed even estimates 7.5 percent this fiscal, he said. He also said that the fiscal deficit will not exceed 3.3 percent of the GDP in 2018-19. The National Institute for Transforming India (NITI) Aayog vice-chairman Rajiv Kumar blamed the former Reserve Bank of India governor Raghuram Rajan for the decline in growth rate over the last three years, according to a report by India Today. Kumar said that Rajan’s policies were responsible for a decline in the GDP growth rate for over six quarters.
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Special Report 4-Sep-2018
STOCKS IN NEWS
MOST ACTIVE CALL OPTION
Mindtree: GHD Digital and Mindtree collaborating on a broad Digital platform targeted to the property and infrastructure sectors. Partnership offers a disruptive approach to connected buildings to dramatically reduce costs and optimize experiences.
97,608
4,25,280
89
97,335
7,52,280
Ashok Leyland: Total sales up 27 percent at 17,386 units versus 13,637 units (YoY)
1,300 12.95
9,309
30,88,000
7.6
7,544
51,67,750
CE
1,260 23.65
6,903
15,68,000
CE
1,280
17.5
6,324
17,90,000
TATAMOTORS CE
280
4.85
5,987
50,74,500
Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
CE
11,800 67.25
1,18,000
36,19,125
BANKNIFTY
CE
28,600
5.5
BANKNIFTY
CE
28,000
RELIANCE
CE
YESBANK
CE
RELIANCE RELIANCE
360
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST Symbol
Optio Strike n Price Type
NIFTY
NIFTY FUTURE
2,83,500
LTP
Traded Volume (Contracts)
Open Interest
PE
11,700 181.3
1,14,662
30,70,725
BANKNIFTY
PE
27,600 39.55
1,07,719
3,63,720
BANKNIFTY
PE
27,500
26
1,04,545
RELIANCE
PE
1,200
17
6,601
RELIANCE
PE
1,220
24.5
4,094
RELIANCE
PE
1,240
34.2
3,930
MARUTI
PE
8,800 138.05
3,758
TATASTEEL
PE
600 19.85
3,494
Yesterday nifty closed with a bearish engulf candle it felt 6,42,160 98 points in future 10600 is a level which may act as 15,17,000 support level but it may show some weakness .On the upper side 10695 is its intraday resistance level it may 6,10,000 show some upside movement upto 10650 after that it 9,59,000 can resume its downtrend so we advice to sell nifty 34,500 future around 10650-10640 for the targets of 1059010550 with stoploss above 10680. 5,69,757
FII DERIVATIVES STATISTICS BUY
SELL
No. of Contracts
Amount in Crores
INDEX FUTURES
25552
2451.07
38380
3560.95
INDEX OPTIONS
700739
71231.24
684296
STOCK FUTURES
195955
14028.01
STOCK OPTIONS
107484
8131.13
OPEN INTEREST AT THE END OF THE DAY
No. of Amount in No. of Contracts Crores Contracts
Amount in Crores
NET AMOUNT
216905
19081.03
-1109.8888
69624.92
631049
57175.17
1606.3129
209716
15013.43
1110857
85945.02
-985.4204
106983
8113.93
53820
4106.28
17.1981 -471.7982
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
11817.00
11699.00
11633.00
11515.00
11449.00
BANKNIFTY
28359.00
28089.00
27933.00
27663.00
27507.00
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Special Report 4-Sep-2018
RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD OCT FUT ABOVE 30300 TGT 30400 30600 SL BELOW 30200 SELL GOLD OCT FUT BELOW 30150 TGT 30050 29850 SL ABOVE 30250
SILVER TRADING STRATEGY: BUY SILVER SEP FUT ABOVE 36700 TGT 36900 37200 SL BELOW 36500 SELL SILVER SEP FUT BELOW 36500 TGT 36300 36000 SL ABOVE 36700
COMMODITY ROUNDUP WTI Crude oil futures soared near four week high after US crude oil inventories decreased according to the US Energy Information Administration (EIA) data. According to the Weekly Petroleum Status Report, U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), decreased by 2.5 million barrels during the week ending Aug. 24. In the previous week ending Aug. 17, EIA reported a draw of 5.8 million barrels. The commercial crude oil inventories excluding SPR was 11.4% below the levels of the same week last year. The commodity also benefited from supportive US equities and currently trades at 69.69 per barrel, up 0.26% on the day. MCX Crude soared 2.50% to end at Rs 4931 per barrel as Rupee weakness boosted the counter further.US crude oil refinery inputs averaged 17.56 million barrels per day in the last week, which was 326,000 barrels per day lower than the previous week's average. MCX Zinc futures soared sharply this week amid a positive undertone in equities globally and continued weakness in Indian Rupee. The commodity tested near three week high of Rs 180 per kg before some profit selling emerged. Further weakness is expected in the metal as copper is correcting now. Losses should be limited though as Zinc has been well supported in global markets recently on depleting Chinese Zinc inventories. Shanghai Zinc inventories have been declining constantly making the buyers smell opportunities of another round of smart picking. There has been tumble of around 12% in the Zinc inventories to 30,800 tonnes last week. This is the lowest since October 2007. Meanwhile, the Indian Rupee has stayed weak, keeping the undertone positive for locally trades commodity futures recently. Yesterday, the INR had retreated sharply to hit a record low of 70.60 against the dollar, plunging by 50 paise on the day. The aluminum market has been thrust into a period of uncertainty that has become a feature of the trade in recent months because of tariffs and sanctions, a situation that seems unlikely to change.The lack of clarity began in April, when the US announced sanctions against several Russian individuals and companies, including aluminum producer UC Rusal. LME aluminum value declined for the first in six sessions in Asian exchanges on Thursday, after US President Donald Trump permitted help on aluminum moment from Argentina. US President, who put in put taxes on steel and aluminum imports, marked announcements permitting the quantities on steel from South Korea, Brazil and Argentina and on aluminum from Argentina, the US Commerce Office said in a articulation.
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Special Report 4-Sep-2018
RECOMMENDATIONS GUARGUM TRADING STRATEGY: BUY GUARGUM OCT FUT ABOVE 9770 TGT 9820 9870 SL BELOW 9720 SELL GUARGUM OCT FUT BELOW 9500 TARGET 9470-9440 SL 9550.
NCDEX INDICES Index
Value
% Change
Barley Castor Seed Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT
1622 4725 3872 4665 1734 4427.5
0.19 1.42 0.18 -0.24 3.99 0.43
Jeera
19395
0.91
4004 3275 6746
0.35 1.64 -1.00
Mustardseed Soy Bean Turmeric
A mixed trend was seen in Indian agri market today as spices counters witnessed sharp gains, while weakness was seen in pulses and grains market. On the other side, commodities like guarseed and cotton oil seed cake have also garnered some buying interest.
DHANIYA TRADING STRATEGY: BUY DHANIYA SEP FUT ABOVE 4700 TGT 4730 4760 SL BELOW 4670 SELL DHANIYA SEP FUT BELOW 4640 TARGET 4600-4570 SL 4670
In today's trading, the NCDEX Chana futures settled down by 0.68% due to subdued demand in spot markets after recent correction. Good demand has emerged in spices market as jeera prices have rebounded from lower levels. In ready markets, exporters have reported strong inquiries from last one week from Middle East and European countries. The market sources added that weak stocks of Jeera in local mandies have also supported the current rally. The NCDEX September futures added 0.90% today to settle at Rs 19145 per quintal. On the other side, poor supplies of Turmeric in local mandies of Nizamabad and Erode have aided the prices in both spot and futures market. The exporters have also shown strong interest. The NCDEX Turmeric September futures gained 0.50% to close at Rs 6802 per quintal.Strong buying interest was also seen in Guarseed in today's trading as most of the speculators are expecting some decline in Guarseed crop in the current season. The NCDEX Guarseed October futures settled at Rs 4171 per quintal, up 0.49% on the day after hitting highs above Rs 4230 per quintal in intraday moves.As per official trade data, Indonesia will keep the export tax for cocoa beans at 5 percent and for crude palm oil (CPO) at zero in September. The data stated that export tax for cocoa has been set at 5 percent since July, while exports of CPO have not been taxed in over a year. The global pepper market remained quiet last week with limited trading activity. In India and Sri Lanka however, price has moved up by around 7-8% with the Kerala flood situation triggering a massive surge in Indian markets.
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Special Report 4-Sep-2018
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
70.7695 Yen
63.8000
Euro
82.1445 GBP
91.3582
USD/INR TRADING STRATEGY: BUY USDINR ABOVE 71.50 TGT 71.80 72.10 SL BELOW 71.20 SELL USDINR BELOW 71.00 TGT 70.70 70.40 SL ABOVE 71.30
GBP/INR TRADING STRATEGY: BUY GBPINR ABOVE 92.70 TGT 93.00 93.30 SL BELOW 92.40 SELL GBPINR BELOW 91.50 TGT 91.20 90.90 SL ABOVE 91.80
The dollar was holding steady near one-month lows against a currency basket on Thursday as markets awaited trade developments, while the pound remained firm after rallying in the previous session as fears over a no-deal Brexit eased. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was at 94.45 by 03:57 AM ET (07:57 GMT), not far from Tuesday’s one-month lows of 94.34. Market sentiment continued to be supported by hopes that Canada will join the new trade agreement between the U.S. and Mexico aimed at overhauling the North American Free Trade Agreement ahead of a Friday deadline.But the new trade deal did little to indicate how a trade spat between the U.S. and China will play out after talks last week ended with little progress and both countries slapped fresh reciprocal tariffs on imports.Sterling was steady after rising above the 1.30 level against the dollar for the first time in three weeks on Wednesday after European Union negotiator Michel Barnier said the bloc was prepared to offer Britain a partnership after Brexit.GBP/USD was at 1.3028 after gaining 1.23% in the previous session, its largest one-day percentage gain since March 21.The pound was also stronger against the euro, with EUR/GBP edging down to 0.8982 after ending the previous session with a loss of 1.09%. The Indian rupee collapsed to lifetime closing lows against the dollar following heavy month-end dollar demand from importers and foreign capital outflows. The domestic currency, having traded comfortably below the Rs 70/$ mark since late last week, slipped to an intra day low of 70.65 today before closing the day at 70.57, logging its biggest single-day drop since August 13. Consistent dollar demand from banks and importers, mainly oil refiners, following higher crude oil prices, kept the rupee under pressure. Yesterday, the local currency had bounced back in a tepid fashion from the record closing low, gaining 6 paise to end at 70.10 against the US currency. Meanwhile, the dollar rose against a basket of major currencies after touching a four-week low overnight as optimism over the U.S.-Mexico trade deal gave way to caution ahead of a deadline in the China-U.S. trade dispute.
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Special Report 4-Sep-2018
Date
Commodity/ Currency Pairs
03/09/18
NCDEX DHANIYA
SEP
BUY
03/09/18
NCDEX DHANIYA
SEP
03/09/18
NCDEX GUARGUM5
03/09/18
Contract Strategy
Entry Level
Target
Stop Loss
Remark
4700
4730 4760
4670
NOT EXECUTED
SELL
4540
4500-4470
4570
SL TRIGGERED
OCT
BUY
9600
9650 9700
9570
TARGET HIT
NCDEX GUARGUM5
OCT
SELL
9500
9470-9440
9550
NOT EXECUTED
03/09/18
MCX GOLD
OCT
BUY
30250
30350 30550
30150
OPEN
03/09/18
MCX GOLD
OCT
SELL
30150
30050 29850
30250
NOT EXECUTED
03/09/18
MCX SILVER
SEP
BUY
37200
37400 37700
37000
NOT EXECUTED
03/09/18
MCX SILVER
SEP
SELL
36800
36600 36300
37000
NOT EXECUTED
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
Entry Level
Target
Stop Loss
Remark
03/09/18
NIFTY
FUTURE
BUY
11730-11740
11800-11850
11700
SL TRIGGERED
03/09/18
TITAN
FUTURE
BUY
910-920
890
TARGET HIT
03/09/18
TATAMOTORS
FUTURE
BUY
265-266
270-274
263
NOT EXECUTED
03/09/18
PRAKASH
CASH
BUY
156.90-157
160-164
154
NOT EXECUTED
897-900
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Special Report 4-Sep-2018
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS TIME (ET)
REPORT
PERIOD
ACTUAL
FORECAST
PREVIOUS
MONDAY, SEPT. 3 Labor Day holiday None scheduled TUESDAY, SEPT. 4 9:45 am
Markit manufacturing PMI final
Aug.
54.5
10 am
ISM manufacturing index
Aug.
58.1%
10 am
Construction spending
July
-1.1%
Varies WEDNESDA Y, SEPT. 5
WEDNESDAY, SEPT. 5
8:30 am
Trade deficit
WEDNESD WEDNESDAY, SEPT. AY, SEPT. 5 5 July
WEDNESDAY, SEPT. 5
WEDNESDAY , SEPT. 5 -$46.3bln
THURSDAY, SEPT. 6 8:15 am
ADP employment
Aug.
219,000
8:30 am
Weekly jobless claims
9/1
--
8:30 am
Productivity
Q2
2.9%
8:30 am
Unit labor costs
Q2
-0.9%
9:45 am 10 am
ISM nonmanufacturing index
10 am
Factory orders
Aug.
55.7%
July Disclaimer
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