Special Report 06-Aug-2018
Global markets at a glance US stocks advanced on Friday as upbeat earnings helped investors shrug off heightened trade anxieties and weakerthan-expected July jobs growth. For the week, the S&P 500 and the Nasdaq gained ground, up 0.8 percent and 1.0 percent, respectively, while the Dow was essentially flat. The S&P 500 notched its fifth straight weekly gain, its longest such streak of the year. The second-quarter reporting season nears its final stretch with 406 of the companies in the S&P 500 having reported, 78.6 percent of which came in above Street estimates, according to Thomson Reuters data. Asian stocks were steady on Friday, with gains from the tech-led rise on Wall Street capped by the latest exchange of trade threats between Beijing and Washington, while safe haven flows lifted the dollar to a two-week high. Investors also remain cautious ahead of the July US jobs report due later on Friday, which will give a reading on the health of the world's largest economy and possible clues about the pace of Federal Reserve interest rate rises. MSCI's broadest index of Asia-Pacific shares outside Japan inched down 0.03 percent. The index was down about 0.6 percent for the week, during which it slumped to a two-week high on Thursday on US-China trade tensions.The trade war between the world's top two economies intensified midweek after US President Donald Trump raised pressure on China by proposing a higher 25 percent tariff on $200 billion worth of Chinese imports. Previous day Roundup The Nifty50 after opening sharply higher extended rally as the day progressed and recouped all losses seen in the previous session to end at fresh record closing high on Friday.The index formed strong bullish candle on the daily candlestick charts. The renewed trade war tensions between world's largest economies US and China spooked the market on Thursday.
World Indices Index
Value
% Change
25,462.58
0.54
S&P500
2,826.75
0.06
NASDAQ FTSE100
7,413.50 7,659.10
0.16
22,561.23 27,867.39
0.16 0.69
DJI
NIKKEI HANG SENG
1.09
Top Gainers Company
CMP
Change
% Chg
Axis Bank
574.75
27.50
5.03
Vedanta
222.40
8.25
3.85
Yes Bank
373.20
11.40
3.15
GAIL
388.20
10.55
2.79
Lupin
886.00
21.15
2.45
CMP
Change
% Chg
Tech Mahindra Tata Motors Grasim Asian Paints
662.75 258.45 1,006.20 1,411.85
-6.25 -2.40 -8.00 -6.55
-0.93 -0.92 -0.79 -0.46
Hero Motocorp
3,250.55
-13.15
-0.40
Top Losers Company
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
ABBOTINDIA
7922.9
143.1
1.81
ADANIGREEN
66.55
3.3
4.96
AIAENG
1701.3
-1.3
-0.08
ASTRAZEN
1597.9
117.1
7.33
17
0.85
5
BALAXI
Stocks at 52 Week’s LOW The Nifty Bank index closed at 27,695.50, up 339.55 points on Friday. The important Pivot level, which will act as crucial support for the index, is placed at 27,521.47, followed by 27,347.43. On the upside, key resistance levels are placed at 27,796.27, followed by 27,897.04. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[19.90pts], Consumption[36.90pts],PSE[25.20pts],CPSE [22.90pts],Energy[102.95pts],FMCG[176.70pts],Auto [ 4 1 .6 5 pt s ],P h a rm a [7 6 . 1 0 pt s ], IT [9 6 .4 5 p ts ] ,M e ta l [53.10pts],Realty[1.60 pts], Fin Serv sector[176.70pts].
Symbol
ANKITMETAL DIAMONDYD GAMMNINFRA GAYAHWS GOENKA
Prev. Close
Change
%Chg
0.55 1130.05 1.2 3.2 0.25
0.05 -9.55 0 -0.15 0
9.09 -0.85 0 -4.69 0
Indian Indices Company
CMP
Change
% Chg
NIFTY
11360.80
116.10
1.03
SENSEX
37556.16
391.00
1.05
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Special Report 06-Aug-2018
RECOMMENDATIONS [FUTURE] 1.SUNTV [FUTURE ] The particular script has rebounded from its support level of 763 and can break its crucial resistance level of 785 ,now it has closed above it with a good volume so today we can witness a good breakout since it is consolidating around its crucial resistance level around 796.40 here we advice you to make a long position around 800-805 for the target of 815830 with stoploss of 795
2.GRANULES [FUTURE]
From the daily chart its clear that the particular script formed a Bullish Candle on daily scale and supports are gradually shifting higher. Now it has to continue to hold above 105 zones to extend its move towards 110 so we advice you to buy around the levels of 105-106 for the target of 109-113 with stoploss below 102.
STOCK RECOMMENDATION [CASH] RALLIS [CASH] The particular script is showing strength around its nearest resistance level of 204.90, after breaking this level its can go up to level of 212 in 2-3 trading session here we advice you to make a long position around the levels of 205-206 for the targets of 210-215 with stoploss of 202.
MACRO NEW Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 39 points or 0.34 percent. Nifty futures were trading around 10,436level on the Singaporean Exchange. Beijing warned it was prepared to impose new tariffs on $60 billion worth of US goods if Washington ups the ante in the escalating US-China trade war. The commerce ministry issued a statement saying the new duties would be applied if Washington pulled the trigger on President Donald Trump's threat to raise tariffs on $200 billion worth of Chinese goods.Washington and Beijing are locked in battle over American accusations that China's export economy benefits from unfair policies and subsidies, as well as theft of American technological know-how. Trump has threatened to slap tariffs on virtually all of China's exports to the United States in the tit-for-tat trade conflict. Bank credit grew by 12.44 percent to Rs 86,13,164 crore in the fortnight to July 20, according to data recently published by the Reserve Bank 0f India (RBI). In the year-ago period, bank credit had stood at Rs 76,59,898 crore. The foreign exchange reserves declined by USD 950.9 million to USD 404.192 billion in the week to July 27, on account of a fall in the foreign currency assets, the RBI said. In the previous week, the reserves had increased a marginal USD 67.7 million to USD 405.143 billion.
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Special Report 06-Aug-2018
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
Open Interest
BANKNIFTY
CE
27,900
0.05
3,09,594
8,26,760
BANKNIFTY
CE
27,300
54.5
2,83,508
26,640
BANKNIFTY
CE
28,000
0.05
1,13,728
12,32,040
NIFTY
CE
11,500 45.25
1,09,274
35,74,800
MARUTI
CE
9,500
73.5
5,092
2,10,375
TATAMOTORS CE
280
3.65
4,835
49,18,500
TATAMOTORS CE
270
6.45
4,833
39,43,500
1,200
19
4,377
25,40,000
RELIANCE
CE
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST Symbol
Optio Strike n Price Type
BANKNIFTY
Divis Lab: Q1 profit jumps to Rs 266.2 crore versus Rs 176.5 crore; revenue rises to Rs 995.3 crore versus Rs 821.20 crore (YoY).
Jaiprakash Power Ventures: Q1 profit at Rs 4.14 crore versus loss of Rs 19.02 crore; revenue increases Rs 1,083 crore versus Rs 995.92 crore (YoY).
NIFTY FUTURE
2,83,500
LTP
Traded Volume (Contracts)
Open Interest
PE
27,600 222.7
1,14,606
8,480
NIFTY
PE
11,200
106
1,00,918
31,70,250
NIFTY
PE
11,300 146.1
91,484
BANKNIFTY
PE
26,900
0.05
73,805
RELIANCE
PE
1,140 15.05
3,649
TATAMOTORS PE
250
5.5
3,448
RELIANCE
PE
1,160
22
3,307
TATASTEEL
PE
540
15.4
3,178
Last week Nifty again made new all time high of 11390 19,90,050 and finished at 11360 again PSU Bank, NBFC, Capital 2,59,520 Good and FMCG share support Nifty for maintain up trend. According to daily chart Nifty moving in rising 13,42,000 channel line pattern so we can see volatile in next week 39,87,000 here the gap of channel is 270 points so be cautious and 9,52,000 buy Nifty in decline with strict stop loss of below 11100 for the target of 11450. 7,63,920
FII DERIVATIVES STATISTICS BUY
SELL
No. of Contracts
Amount in Crores
INDEX FUTURES
23823
2245.33
36240
3315.32
INDEX OPTIONS
897499
92652.94
864258
STOCK FUTURES
173281
11490.31
STOCK OPTIONS
77785
5458.77
OPEN INTEREST AT THE END OF THE DAY
No. of Amount in No. of Contracts Crores Contracts
Amount in Crores
NET AMOUNT
269923
23048.57
-1069.9895
89304.18
628751
54815.29
3348.7578
175646
11774.77
1105150
81313.23
-284.4572
78342
5477.64
97384
7282.45
-18.8705 1975.4406
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
11414.00
11387.00
11340.00
11313.00
11266.00
BANKNIFTY
27897.00
27796.00
27622.00
27521.00
27347.00
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Special Report 06-Aug-2018
RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD AUG FUT ABOVE 29750 TGT 29850 30000 SL BELOW 29650 SELL GOLD AUG FUT BELOW 29650 TGT 29550 29450 SL ABOVE 29750
SILVER TRADING STRATEGY: BUY SILVER SEP FUT ABOVE 38300 TGT 38450 38750 SL BELOW 38100 SELL SILVER SEP FUT BELOW 37000 TGT 37850 37550 SL ABOVE 38200
COMMODITY ROUNDUP Gold is widely advocated by financial analysts as one of the major safe harbors for worried investors as the world has to move from an international monetary system dominated by the US dollar to a multi-polar currency system.Gold will remain a crucial component of diversified portfolios, as a hedge against potential corrections across asset classes. It is liquid and has neither credit nor default risk. The inescapable conclusion is that the only viable alternative asset for official reserves is physical gold, as it alone has the requisite liquidity, correlation characteristics, and trust. Central banks seeking true risk diversification or insurance, therefore, should increase their gold holdings.Gold is almost never a ‘buy’ when it is both loved by the gold “community” and the cyclical backdrop is positive. It is almost always a ‘buy’ when it is hated by the gold “community” and the cyclical backdrop is counter, bleak and/or not inflationary.Data from the Commodity Futures Trading Commission showed speculators significantly expanded net short positions — bets the price will fall — to 26,400 contracts in the week to July 17, not far off the late 2015 record high. Oil prices fell about 2 percent on Wednesday as a surprise increase in US crude stockpiles fed concerns about global oversupply, while investors worried that trade tensions could hit energy demand. Brent crude futures fell USD 1.82 to settle at USD 72.39 a barrel, a 2.5 percent loss. US West Texas Intermediate (WTI) crude futures fell USD 1.10 to settle at USD 67.66 a barrel, a 1.6 percent loss. Oil prices rose for a second day on Wednesday after industry group data showed U.S. crude inventories fell more than expected last week, easing worries about oversupply that had dragged on markets in recent sessions.Brent crude LCOc1 was up 29 cents, or 0.4 percent, at $73.73 a barrel by 0035 GMT. The global benchmark settled 38 cents higher at $73.44 a barrel on Tuesday, after climbing as high as $74.U.S. West Texas Intermediate CLc1 rose 22 cents, or 0.3 percent, to $68.74, having settled the previous session up 63 cents, or nearly 1 percent.Reports that China will increase infrastructure spending also helped reduce concerns that U.S.-China trade tensions will dent the country's demand for oil. crude and fuel stockpiles dropped more than expected last week, industry group the American Petroleum Institute said on Tuesday.Crude inventories fell by 3.2 million barrels in the week to July 20 to 407.6 million barrels, compared with analyst expectations for a decrease of 2.3 million barrels.Distillate fuels stockpiles, which include diesel and heating oil, fell by 1.3 million barrels, compared with expectations for a 207,000-barrel gain.
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Special Report 06-Aug-2018
RECOMMENDATIONS GUARGUM5 BUY GUARGUM OCT FUT ABOVE 9800 TGT 9850 9950 SL BELOW 9730 SELL GUARGUM OCT FUT BELOW 9650 TGT 9600 9530 SL ABOVE 9720
NCDEX INDICES Index
Value
% Change
Barley Castor Seed Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT
1608 4721 4249 5006 1751 4450
-0.06 0.28 0.24 -1.36 -3.37 -0.89
20365
-0.51
4125 3412 7180
0.1 -0.5 -0.11
Jeera Mustardseed Soy Bean Turmeric
USDA forecasts that China's soybean imports will increase to 100.5 MMT in MY18/19 from the estimated 97 MMT in MY17/18. This forecast, is 2.5 MMT lower than USDA's June forecast. Due to the combination of the moderate increase in domestic soybean production, together with the slowdown in growth of soybean meal use, a net growth of 3.5 MMT of soybean imports in MY18/19 is expected to meet the Chinese demand growth for protein meals. DHANIYA BUY DHANIYA AUG FUT ABOVE 5050 TGT 5080 5120 SL BELOW 5000 SELL DHANIYA AUG FUT BELOW 4990 TGT 5960 4860 SL ABOVE 5040
U.S. soybean exports to China continue to face strong competition from soybean exports from South America. Excessive soybean stocks and a fall in the soybean price in Brazil attributed to the 14.2 MMT of Brazilian soybean exports to China in the first half of MY17/18. This is significantly higher than the 5.2 MMT during the same period in MY16/17. Despite China's net growth of over 2 MMT of soybean imports in the first half of MY17/18, total soybean imports from the United States fell to 24.4 MMT in this period, down from the 31.6 MMT in the previous year. Chinese importers note that Brazilian soybeans have a one percent higher protein content than U.S. soybeans. Importers were previously willing to pay a slightly higher price for soybeans with a higher protein content, but with the drop in the price of Brazilian soybeans, exports are now surging As per official data, Ukraine supplied some 1 MMT of wheat to foreign markets in May 2017/18. This was down 10% from April (1.1 MMT) but up 2% from May 2016/17 (986.8 KMT). In July-May 2017/18, wheat exports totaled 16.3 MMT, or 3% less than in the same period in MY 2016/17. Ukrainian wheat shipments to the European Union and Indonesia grew substantially in the current season. In the period under review, exports to Indonesia increased to 2.1 MMT that was 31% more than in the whole of MY 2016/17.
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Special Report 06-Aug-2018
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
68.8300 Yen
61.7775
Euro
79.9675 GBP
89.7825
USD/INR BUY USDINR ABOVE 69.00 TGT 69.30/69.60 SL BELOW 68.70 SELL USDINR BELOW 68.30 TGT 68.00/67.70 SL ABOVE 68.60
GBP/INR BUY GBPINR ABOVE 89.90 TGT 90.20/90.50 SL BELOW 89.60 SELL GBPINR BELOW 89.50 TGT 89.20/88.90 SL ABOVE 89.80
The rupee retreated from early high levels to close down with a modest loss of 2 paise at 68.86 against the US currency on stray dollar demand from importers. The home currency initially reacted positively to the GST Council's decision to cut rates on several items and also tracking broad weakness in the dollar. It touched a high of 68.65 in early trade before slipping back toward the tail-end trade. Consistent unwinding by foreign investors on growing expectations of Fed rate hike kept home currency under pressure, a dealer said. Overall, forex sentiment remained fragile in the face macro challenges coupled with tense trade relations between the US and major economies and expectations that the Federal Reserve will raise interest rates further this year. The Indian rupee had hit its life-time low of 69.13 a dollar last Friday. Oil prices too inched up today after tensions worsened between Iran and the US. The Brent crude rising 66 cents to USD 73.73 per barrel and West Texas Intermediate gaining 27 cents to USD 68.53 per barrel. Foreign investors remained net investors in stock markets as they bought equities worth Rs 259 crore on net basis today. Domestic bourses maintained their bullish momentum for the second-straight session with the flagship BSE Sensex ending at a historic closing high driven by optimistic corporate earnings as well as strong buying from investors. The rupee resumed higher at 68.70 against weekend close of 68.84 at the Interbank Foreign Exchange (forex) market on increased selling of the American currency by exporters and banks. The local currency dropped to a low of 68.87 before settling at 68.86, showing a loss of 2 paise. The Financial Benchmarks India private limited (FBIL), meanwhile, fixed the reference rate for the dollar at 68.7040 and for the euro at 80.5619. The bond market also witnessed fresh selling and the 10-year benchmark yield end at higher at 7.81 per cent. The bond market also witnessed fresh selling and the 10-year benchmark yield end at higher at 7.81 per cent. In the cross currency trade, the rupee continued to lose ground against the pound sterling to finish at 90.50 per pound from 89.80 and dropped against the euro to end at 80.68 as compared to 80.25. It also slumped further against the Japanse yen to close at 62.00 per 100 yens from 61.26 earlier.
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Special Report 06-Aug-2018
Date
Commodity/ Currency Pairs
02/08/18
NCDEX DHANIYA
AUG
BUY
02/08/18
NCDEX DHANIYA
AUG
02/08/18
NCDEX GUARGUM5
02/08/18
Target
Stop Loss
Remark
5180
5240 5340
5100
SL TRIGGERED
SELL
4980
4900 4800
5060
TGT HIT
OCT
BUY
9750
9830 9930
9680
SL TRIGGERED
NCDEX GUARGUM5
OCT
SELL
9650
9580 9480
9720
NOT EXECUTED
02/08/18
MCX GOLD
AUG
BUY
29750
29850 30000
29650
OPEN
02/08/18
MCX GOLD
AUG
SELL
29650
29550 29450
29750
SL TRIGGERED
02/08/18
MCX SILVER
SEP
BUY
38100
38300 38600
02/08/18
MCX SILVER
SEP
SELL
37800
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
03/08/18
NIFTY
FUTURE
SELL
03/08/18
SUNTV
FUTURE
03/08/18
GRANULES
03/08/18
IDEA
Contract Strategy
Entry Level
37900
OPEN
37600 37300
38000
SL TRIGGERED
Target
Stop Loss
Remark
11330-320
11250-11180
11400
SL TRIGGERED
BUY
796.40
800-805
795
NOT EXECUTED
FUTURE
BUY
105-106
109-113
102
NOT EXECUTED
CASH
BUY
53-53.50
56-60
51
NOT EXECUTED
Entry Level
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Special Report 06-Aug-2018
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS TIME (ET)
REPORT
PERIOD
ACTUAL
FORECAST
PREVIOUS
MONDAY, AUG. 6 11 am
Survey of consumer expectations
July TUESDAY, AUG. 7
10 am
Job openings
June
--
6.6 mln
3 pm
Consumer credit
June
--
$25 bln
THURSDAY, AUG. 9
THURSDAY, AUG. 9
WEDNESDAY, AUG. 8 None scheduled THURSDAY, AUG. 9
THURSDAY, AUG. 9
THURSDA Y, AUG. 9
THURSDAY, AUG. 9
8:30 am 8:30 am
Producer price index
July
0.3%
0.3%
10 am
Wholesale inventories
June
--
0.6%
FRIDAY, AUG. 10
FRIDAY, AUG. 10
FRIDAY, AUG. 10
FRIDAY, AUG. 10
FRIDAY, AUG. 10
8:30 am
Consumer price index
July
0.2%
0.1%
--
-$43 bln
4.0%
2.0%
FRIDAY, AUG. 10
8:30 am 2 pm
Federal budget
8:30 am
Gross domestic product
July Q2 Disclaimer
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