Special Report 07-Aug-2018
Global markets at a glance The three major US stock indexes closed higher on Monday as investors applauded a strong US earnings season with results from Berkshire Hathaway impressing and Facebook lifting Nasdaq after a report it was planning new services.The S&P edged closer to a record hit on January 26, closing within a percentage point of the all-time high for the first time since the current correction began.Investors were focused on robust corporate earnings and shrugged off worries about US tensions with countries including China and Iran.ranian President Hassan Rouhani dismissed a US call for talks on Monday, hours before Washington was due to impose new sanctions following Trump's decision to pull out of a 2015 agreement over Iran's nuclear programme.Also Kristina Hooper, global market strategist at Invesco in New York, said there were some signs China is "hunkering down and getting ready for a significant trade war• and that the impact could be more far-reaching than previously assumed.•Chinese state media on Monday lambasted US President Donald Trump's trade policies in an unusually personal attack, and sought to reassure investors anxious about China's economy as growth concerns battered its financial markets. Asian stocks were largely steady on Tuesday, with worries over the US-China trade conflict offsetting support from earnings-led gains on Wall Street.MSCI's broadest index of Asia-Pacific shares outside Japan was almost flat.Australian stocks dipped 0.2 percent. Previous day Roundup The Nifty 50 opened above the 11,400-level for the first time and maintained positive momentum throughout the session on August 6. However, it failed to hold on to opening levels, forming a small bearish candle in intraday trade, resembling a Spinning Top kind of a pattern on daily charts. The Nifty index opened the gap up and made a new life time high of 11,428 by surpassing recent high of 11,390 levels. However, it failed to hold half of the gains and witnessed some profit booking to decline from higher levels.The Nifty 50 after opening at 11,401.50 gained more strength to touch an intraday record high of 11,427.65, but it wiped out some gains in afternoon trade to hit the day's low of 11,370.60. The index closed 26.30 points higher at 11,387.10. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[18.05pts], Consumption[5.10pts],PSE[4.40pts],CPSE[1.60pts],Energy [113.30pts],FMCG[-202.95pts],Auto[47.50pts],Pharma[92.15pts],IT[-43.50pts],Metal[24.85pts],Realty[ -1.60 pts], Fin Serv sector[63.05pts].
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
8071
64
0.79
170.95
9.6
5.62
ADANIGREEN
69.85
3.45
4.94
APLLTD
589.5
4.5
0.76
BALAXI
17.85
0.85
4.76
ABBOTINDIA ABFRL
Stocks at 52 Week’s LOW Symbol
ABGSHIP AMTEKAUTO ANKITMETAL BSLIMITED DBCORP
Prev. Close
Change
%Chg
5.3 7.1 0.6 0.4 235.2
-0.15 0.35 -0.05 0.05 0.35
-2.83 4.93 -9.09 12.5 0.15
Indian Indices Company
CMP
Change
% Chg
NIFTY
11387.10
26.30
0.23
SENSEX
37691.89
135.73
0.36
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Special Report 07-Aug-2018
RECOMMENDATIONS [FUTURE] 1.SUNPHARMA [FUTURE ] The particular counter is showing a clear sign of reversal from its higer levels of 590 with stochastic momentum indicator giving a overbought signal, as per the candlestick pattern a bearish engluf candle is found around the reistance level of 590 sell on weakness would be good opportunity to grab so we advice to sell sunpharma around the levels of 582-580 for the targets of 570-560 with stoploss above 588
2.HINDPETRO [FUTURE]
The particular script has rebounded from its support level of 204 by making a spinning top candle which is reversal candle and breaked its crucial resistance level of 216.80 ,now it has closed above it with optimum volume so today we can witness a good upside movement here buy on high would be a good opportunity to trade. So we recommend you to buy hindpetro future around 218-219 target 225-230 with stoploss below 215.
STOCK RECOMMENDATION [CASH] EDELWEISS [CASH] 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 316 zones to extend its move towards 330 so we advice you to buy around the levels of 316-318 for the target of 325-332 with stoploss below 312.
MACRO NEW Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 14.5 points or 0.13 percent. Nifty futures were trading around 11,444level on the Singaporean Exchange. President Donald Trump’s top security adviser on Monday urged Iran to take up an offer of talks with the United States or suffer more pain from economic sanctions, but Iran’s president said Washington needed first to prove it can be trusted.“They could take up the president’s offer to negotiate with them, to give up their ballistic missile and nuclear weapons programs fully and really verifiably,” Bolton told Fox News.The renewed sanctions were among those lifted under a 2015 deal between world powers and Tehran on curbing Iran’s nuclear program. Trump abandoned the deal in May. Heavier US sanctions, aimed at Iran’s oil sector, are due in November. The European Union vowed on Monday to counter US President Donald Trump’s renewal of sanctions on Iran, in a test of the EU’s ability to preserve a deal that saw Iran limit its nuclear ambitions in exchange for removing strict curbs on its economy.Despite protests from European allies, US Secretary of State Mike Pompeo said Washington would fully enforce the sanctions. EU diplomats said they were awaiting details on Monday on how they will be implemented.
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Special Report 07-Aug-2018
STOCKS IN NEWS
MOST ACTIVE CALL OPTION
ï‚·
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
LTP
NIFTY FUTURE
2,83,500
Traded Volume (Contracts)
Open Interest The Nifty 50 opened above the 11,400-level for the first
BANKNIFTY
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
19,90,050
BANKNIFTY
PE
26,900
0.05
73,805
2,59,520
RELIANCE
PE
1,140 15.05
3,649
13,42,000
TATAMOTORS PE
Adani Power: Q1 net loss at Rs 825.2 crore versus loss of Rs 452.8 crore; revenue falls to Rs 3,829.7 crore versus Rs 5,543.4 crore (YoY).
250
5.5
3,448
39,87,000
RELIANCE
PE
1,160
22
3,307
9,52,000
TATASTEEL
PE
540
15.4
3,178
7,63,920
time and maintained positive momentum throughout the session on August 6. However, it failed to hold on to opening levels, forming a small bearish candle in intraday trade, resembling a Spinning Top kind of a pattern on daily charts.The index closed higher, but closing value was lower than opening, which indicated that traders preferred to book profits at higher levels. It has to hold 11,400 levels on closing basis, only then strong momentum would be possible so we advice you to buy nifty future around the levels of 11430-35 for the targets of 11500-550 with stoploss below 11280.
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
11451.00
11419.00
11394.00
11362.00
11337.00
BANKNIFTY
28114.00
28006.00
27886.00
27778.00
27658.00
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Special Report 07-Aug-2018
RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD OCT FUT ABOVE 29700 TGT 29770 29870 SL BELOW 29600 SELL GOLD OCT FUT BELOW 29600 TGT 29530 29430 SL ABOVE 29700
SILVER TRADING STRATEGY: BUY SILVER SEP FUT ABOVE 38000 TGT 38200 38500 SL BELOW 37850 SELL SILVER SEP FUT BELOW 37850 TGT 37650 37350 SL ABOVE 38000
COMMODITY ROUNDUP Broad demand worries in global and local markets and poor technical picture for COMEX Gold kept the proceedings lax and the prices fell near their one year low. The yellow metal did see some buying thereafter and ended above $1220 per ounce but the overall undertone in the market remains tepid. MCX Gold futures closed at Rs 29650 per 10 grams. Indian gold demand was down from a strong Q2 2017, falling 8% to 147.9 tonnes (t) in Q2 2018 due to high local prices and seasonal factors, but was in line with the longterm average, according to a latest update from the World Gold Council (WGC). The y-o-y drop in demand was magnified by the jump in demand seen in Q2 last year when consumers rushed to make gold purchases before GST was implemented on 1 July. Global demand showed a grim picture.Global Gold demand slipped 6% in the first half of this year following a sharp decline in purchases for investment purposes, the World Gold Council (WGC) said in a report. Total global demand for gold was 1,959.9 tonnes over January-June, down from 2,086.5 tonnes in the same period last year and the lowest first-half total since 2009, the WGC said in its latest Gold Demand Trends report. For the second quarter, demand was down 4% year-on-year at 964.3 tonnes. Purchases of gold for investment fell 9%, driven by a 46% decline in ETF buying. Central bank purchases dropped 7% over April-June period.WTI Crude oil futures saw volatile moves, falling near six week low before recovering on bargain buying and consolidated just under $69 per barrel mark. MCX Crude oil futures ended just under Rs 4700 per barrel mark. The US Energy Information Administration or EIA reported that US crude oil inventories had added 3.8 million barrels last week. At 408.7 million barrel, US crude oil inventories are about 1% below the 5year average for this time of year, the Weekly Petroleum Status Report indicated. US refinery inputs averaged 17.5 million b/d for the week ended July 27, about 195,000 b/d more than the previous week's average. Refineries operated at 96.1% of capacity. Gasoline production increased, averaging 10.5 million b/d. Distillate fuel production increased, averaging 5.2 million b/d. US crude oil imports averaged 7.7 million b/d, down by 21,000 b/d from the previous week. Over the last 4 weeks, crude oil imports averaged 8 million b/d, 0.4% more than the same period last year - highlighting strong US demand. Copper saw a recovery after recent correction that took prices to two week low on COMEX. Brazilian farmers will increase their soybean acreage for the 12th consecutive year in a row in 2018/19. It is estimating that the Brazilian soybean acreage will increase by 3-4% to 36 million hectares or more.
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Special Report 07-Aug-2018
RECOMMENDATIONS GUARGUM5 BUY GUARGUM OCT FUT ABOVE 9500 TGT 9600 9800 SL BELOW 9350 SELL GUARGUM OCT FUT BELOW 9300 TGT 9200 9000 SL ABOVE 9450
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
DHANIYA BUY DHANIYA AUG FUT ABOVE 5020 TGT 5100 5200 SL BELOW 4940 SELL DHANIYA AUG FUT BELOW 4900 TGT 4830 4730 SL ABOVE 4980
Weakness was seen in wheat due to thin buying in local mandies. The spot prices of wheat increased by Rs 10 per quintal at Delhi Mandi. As per latest update from United States Department of Agriculture (USDA), the global 2018/19 wheat supplies are seen decreasing 9.3 million tons due to primarily on lower production, which is the smallest in three years. Strong buying by traders has extended gains in turmeric market today. The total daily arrivals of 18000-25000 bags have been reported in Nizamabad mandi, while 1000-1200 bags in Erode mandi. The spot prices of turmeric increased by Rs 30 per quintal, with the price range of Rs 6950-7200 per quintal. Weakness in oilmeal demand has added selling in mustard seed market. As per latest data compiled by Ministry of Agriculture, oilseeds acreage declined by 1.15 percent on the account of decline in groundnut and sunflower area in Gujarat. Traders stated that spot prices decreased by more than Rs 12 per quintal today in Jaipur, while arrivals were reported in the range of 0.80-1.20 lakh bags. Domestic exports of farm and processed food products went up by nearly 6% growth in dollar terms to $4.68 billion during the April-June quarter of this year over the corresponding period last year according to the latest numbers from the Agricultural and Processed Foods Export Development Authority (Apeda). In rupee terms, the growth was higher, clocking around 10% to Rs 31,397 crore. The export growth has been buyoant mainly on account of strong demand for non-basmati rice, pulses, dairy products, guar gum, fruits, vegetable seeds etc. Buoyancy continued in Chana prices today due to limited supplies. The spot prices were trading in the range of Rs 4350-4400 per quintal with total arrivals of 12 motors. As per latest data compiled by Ministry of Agriculture, the Kharif pulses area lagged by 3.90% to stand at 115 lakh hectares.
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Special Report 07-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 69.10 TGT 69.40/69.70 SL BELOW 68.80 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 89.30 TGT 89.00/88.70 SL ABOVE 89.60
The beaten-down rupee today staged a good show by recuperating 10 paise to end at 68.60 against the US dollar in line with a stellar rally in domestic equities despite ongoing global trade war jitters. The domestic unit yesterday plunged by 27 paise to hit a one-week low of 68.70. Today, however, steady unwinding of dollars by banks and corporates ahead of the key US labour data too supported the late upmove in the Indian currency. The forex market sentiment got revived towards the fagend trade largely tracking strength in local shares and falling global crude prices that helped offset early steep losses in the Indian rupee. The domestic unit swung between a high of 68.60 and a low of 68.84 against the American dollar during the day. Meanwhile, bulls staged a spectacular comeback as stocks rallied with vigour and strength on wave of frenzied buying amid promising Q1 earnings growth outlook, lifting the Nifty to another historical close. On the energy front, crude prices drifted after China announced it would impose tariffs on USD 60 billion in US goods, the latest development in an escalating trade dispute that has raised concerns about a slowdown in economic growth. The Benchmark brent for September settlement traded sharply lower at USD 73.43 a barrel in early Asian trade. Yuan dipped further after an aggressive devaluation from the PBOC today with the Chinese currency depreciating beyond record low of 6.89 against the greenback. The People's Bank of China is devaluing its currency in response to the trade war. Earlier, the rupee opened almost flat at 68.69 from overnight close of 68.70 at the Interbank Foreign Exchange (forex) market. But, it eventually lost uptrend support and drifted sharply to hit an intra-day low of 68.84 in midafternoon deals. The local unit, however, regained lost ground in the second half of the session owing to some fresh US dollar selling heading into the US labour market report due later today and managed to close at the session high of 68.60, showing a gain of 10 paise, or 0.15 per cent. The bond markets, however, remained under pressure for the second straight day on expectations that the RBI may hike key policy rates higher again in order to keep inflation in check. The 10-year benchmark bond yield rose 4 bps to 7.76 per cent.
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Special Report 07-Aug-2018
Date
Commodity/ Currency Pairs
06/08/18
NCDEX DHANIYA
AUG
BUY
06/08/18
NCDEX DHANIYA
AUG
06/08/18
NCDEX GUARGUM5
06/08/18
Contract Strategy
Entry Level
Target
Stop Loss
Remark
5050
5080 5120
5000
NOT EXECUTED
SELL
4990
5960 4860
5040
TGT HIT
OCT
BUY
9800
9850 9950
9730
NOT EXECUTED
NCDEX GUARGUM5
OCT
SELL
9650
9600 9530
9720
TGT HIT
06/08/18
MCX GOLD
AUG
BUY
29750
29850 30000
29650
NOT EXECUTED
06/08/18
MCX GOLD
AUG
SELL
29650
29550 29450
29750
OPEN
06/08/18
MCX SILVER
SEP
BUY
38300
38450 38750
38100
NOT EXECUTED
06/08/18
MCX SILVER
SEP
SELL
37000
37850 37550
38200
NOT EXECUTED
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
Target
Stop Loss
Remark
06/08/18
NIFTY
FUTURE
SELL
11330-320
11250-11180
11400
NOT EXECUTED
06/08/18
SUNTV
FUTURE
BUY
796.40
800-805
795
NOT EXECUTED
06/08/18
GRANULES
FUTURE
BUY
105-106
109-113
102
TGT HIT
06/08/18
RALLIS
CASH
BUY
205-206
210-215
202
OPEN
Entry Level
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Special Report 07-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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