Special Report 10-Aug-2018
Global markets at a glance The S&P 500 and Dow ended down slightly on Thursday as gains in Apple and Amazon were offset by losses in energy and financial shares. Tesla Inc's shares also fell to a two-day low and wiped out all of the gains fuelled by Chief Executive Elon Musk's recent tweet announcing a plan to take the company private. The stock ended down 4.8 percent. The S&P 500 was in slightly positive territory most of the day, putting it once again close to the record high it hit Jan. 26. The Nasdaq also neared its all-time high.Shares of Apple rose 0.8 percent, while those of Amazon were up 0.6 percent. "It's hard pressed for this market to really leap ahead. It's been a slow, steady climb, led by an increasingly smaller number of companies," said Rick Meckler, partner at Cherry Lane Investments, a family investment office in New Vernon, New Jersey. Asian stock markets fell on Friday amid heightened global trade tensions, while currency markets were whipsawed by a searing selloff in Russia's rouble after the United States slapped on new sanctions, and as economic worries sent the Turkish lira tumbling. Washington said it would impose fresh sanctions because it had determined that Moscow had used a nerve agent against a former Russian agent and his daughter in Britain, which the Kremlin denies. Previous day Roundup The Nifty50 after opening sharply higher hit a fresh intraday record high in the morning and remained rangebound throughout the session on Thursday, but the index formed small bearish candle on the daily charts as closing value is lower than opening value. Not only frontline indices but also broader markets ended higher. The Nifty Midcap index was up half a percent while the BSE Sensex closed above psychological 38,000-mark for the first time, up 136.81 points at 38,024.37. The Nifty50 after opening at 11,493.25 touched a fresh all-time high of 11,495.20 and traded in about 40-point range for rest of the session. The index ended at fresh record closing high of 11,470.70, up 20.70 points, and is 29 points away from 11,500 levels. India VIX moved up by 1.33 percent at 12.70. Overall lower volatility suggests that bulls are likely to hold the market. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[16.65pts], Consumption[7.75pts],PSE[-0.70pts],CPSE[14.75pts],Energy [264.10pts],FMCG[162.15pts],Auto[-34.45pts],Pharma[63.80pts],IT[-5.55pts],Metal[8.35pts],Realty[-0.15 pts], Fin Serv sector[67.85pts].
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
AXISBANK
621.35
4.2
-
ICICIBANK
332
4.17
-
HINDALCO
228.1
3.4
-
SBIN
317.65
2.9
-
VEDL
230.55
2.56
-
CMP
Change
% Chg
BHARTIARTL TITAN ONGC CIPLA
367 914.95 169 621.05
-4.75 -2.14 -2.03 -1.82
-
IBULHSGFIN
1,348.80
-1.56
-
Top Losers Company
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
AARTIIND
1397.85
35.15
2.51
ATUL
2977.75
156.45
5.25
BAJFINANCE
2813.15
12.3
0.44
20.55
1
4.87
692.75
37.25
5.38
BALAXI BANDHANBNK
Stocks at 52 Week’s LOW Symbol
ABGSHIP ANKITMETAL APARINDS BYKE CURATECH
Prev. Close
Change
%Chg
5.15 0.55 604.5 117.85 3.6
0.15 0 -16 -0.35 0
2.91 0 -2.65 -0.3 0
Indian Indices Company
CMP
Change
% Chg
NIFTY
11450.00
60.50
0.53
SENSEX
37887.56
221.76
0.59
_____________________________________________________________________________________________________________________ Please refer to disclaimer Epic Research Ltd www.epicresearch.co
Special Report 10-Aug-2018
RECOMMENDATIONS [FUTURE] 1.ASHOKLEY [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 130.50 zones since it is the only nearest resistance level to extend its move towards 137-140 so we advice you to buy around the levels of 130.50-131 for the target of 133136 with stoploss below 129.
2.SUNTV [FUTURE]
The particular counter is showing a clear sign of correction from its higer levels of 835 with stochastic momentum indicator giving a overbought signal ie., above 90 as per the candlestick pattern a hanging man candle is found around the reistance level of 835 here sell on high would be good opportunity to grab so we advice to sell suntv around the levels of 835-832 for the targets of 824-810 with stoploss above 842.
STOCK RECOMMENDATION [CASH] BEL [CASH] From the daily chart its clear that the particular counter is showing strength around its crucial resisatnce level of 122.25, today if the market shows a little strength then it may break this level and 2-3 upside movement is easily possible so buy on strength would be a good opportunity here we advice you to go for a long position around 122.25 -123 for the targets of 126-130 with stoploss below 120.
MACRO NEW Trends on SGX Nifty indicate a flat opening for the broader index in India, a fall of 4.5 points or 0.04 percent. Nifty futures were trading around 11,483level on the Singaporean Exchange. A total of 117 fresh cases were taken up for investigation by (SEBI) in 2017-18, marking a decline of 52 percent from the preceding financial year, as per the markets regulator's latest annual report. The cases were related to alleged violation of securities law including market manipulation and price rigging."During 2017-18, 117 new cases were taken up for investigation and 145 cases were completed compared to 245 new cases taken up and 155 cases completed in 2016-17," the report noted. Sebi said 34 percent of the total cases taken up for investigation in 2017-18 pertained to market manipulation and price rigging.Besides, insider trading, takeover violation, among others, accounted for 15 percent of the total cases, while 51 percent were related to other violations of securities laws. Crude prices settled slightly lower on Thursday, extending the previous session’s losses as the escalating China-US trade dispute casts doubt over the outlook for oil demand. Brent crude futures fell 21 cents to settle at USD 72.07 a barrel. US crude fell 13 cents to USD 66.81 a barrel.
_____________________________________________________________________________________________________________________ Please refer to disclaimer Epic Research Ltd www.epicresearch.co
Special Report 10-Aug-2018
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
BANKNIFTY
Jindal Steel & Power: Q1 profit at Rs 180.8 crore versus loss of Rs 387.1 crore; revenue surges 70.5 percent to Rs 9,665.4 crore versus Rs 5,668.2 crore (YoY).
3,28,560 36,78,525
Aurobindo Pharma: Q1 profit falls 12.1 percent to Rs 455.6 crore versus Rs 518.3 crore; revenue jumps 15.5 percent to Rs 4,250 crore versus Rs 3,678.7 crore (YoY).
LTP
Traded Volume (Contracts)
CE
27,900 206.15
1,92,819
NIFTY
CE
11,500
98.7
1,48,296
NIFTY
CE
11,400 158.7
97,644
RELIANCE
CE
1,200
41.1
8,280
RELIANCE
CE
1,220
29.7
8,115
17,03,000 NIFTY FUTURE 12,19,000
ASHOKLEY
CE
130
3
7,513
64,92,000
LUPIN
CE
900
6.5
7,116
8,51,200
RELIANCE
CE
1,240
21
6,996
19,17,000
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST Symbol
Optio Strike n Price Type
BANKNIFTY
PE
NIFTY
Open Interest
26,13,750
2,83,500
LTP
Traded Volume (Contracts)
Open Interest
27,400
4
1,35,990
4,23,720
PE
11,400
91.4
1,27,098
23,84,475
NIFTY
PE
11,300
63
1,12,589
LUPIN
PE
800
17.5
5,470
RELIANCE
PE
1,180
12.3
5,038
RELIANCE
PE
1,160
8.5
4,560
MARUTI
PE
9,000 105.05
4,367
ICICIBANK
PE
41,25,375 The Nifty50 after opening sharply higher hit a fresh 4,15,800 intraday record high in the morning and remained rangebound throughout the session on Thursday, but 14,27,000 the index formed small bearish candle on the daily charts 13,49,000 as closing value is lower than opening value. we advice 78,750 you to sell nifty future around the levels of 11480-60 for the targets of 11400-350 with stoploss below 11530. 36,98,750
300
4.65
3,213
FII DERIVATIVES STATISTICS BUY
SELL
No. of Contracts
Amount in Crores
INDEX FUTURES
17540
1725.85
20659
2008.19
INDEX OPTIONS
924466
99449.75
918776
STOCK FUTURES
174791
12167.43
STOCK OPTIONS
111289
8417.43
OPEN INTEREST AT THE END OF THE DAY
No. of Amount in No. of Contracts Crores Contracts
Amount in Crores
NET AMOUNT
320927
28303.31
-282.3357
98849.54
656966
58773.38
600.2065
166114
11608.50
1128815
84972.14
558.9315
112367
8528.15
127674
9947.80
-110.7233 766.079
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
11514.00
11492.00
11473.00
11451.00
11451.00
BANKNIFTY
28286.00
28174.00
28016.00
27904.00
27746.00
_____________________________________________________________________________________________________________________ Please refer to disclaimer Epic Research Ltd www.epicresearch.co
Special Report 10-Aug-2018
RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD OCT FUT ABOVE 29750 TGT 29800 29900 SL BELOW 29650 SELL GOLD OCT FUT BELOW 29650 TGT 29600 29500 SL ABOVE 29750
SILVER TRADING STRATEGY: BUY SILVER SEP FUT ABOVE 38200 TGT 38400 38700 SL BELOW 38000 SELL SILVER SEP FUT BELOW 38000 TGT 37800 37500 SL ABOVE 38200
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.
_____________________________________________________________________________________________________________________ Please refer to disclaimer Epic Research Ltd www.epicresearch.co
Special Report 10-Aug-2018
RECOMMENDATIONS GUARGUM5 BUY GUARGUM OCT FUT ABOVE 9530 TGT 9600 9700 SL BELOW 9450 SELL GUARGUM OCT FUT BELOW 9430 TGT 9350 9250 SL ABOVE 9510
NCDEX INDICES Index
Value
% Change
Barley Castor Seed Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT
1608 4631 4125 4944 1716 4395
-0.09 -1.03 -0.7 0.88 0.32 0.72
19670
-0.23
4060 3350 7120
-0.71 -0.06 -1.25
Jeera Mustardseed Soy Bean Turmeric
DHANIYA BUY DHANIYA AUG FUT ABOVE 4960 TGT 5010 5110 SL BELOW 4900 SELL DHANIYA AUG FUT BELOW 4890 TGT 4840 4740 SL ABOVE 4950
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.
_____________________________________________________________________________________________________________________ Please refer to disclaimer Epic Research Ltd www.epicresearch.co
Special Report 10-Aug-2018
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
68.6240 Yen
61.8000
Euro
79.6327 GBP
88.3475
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.
_____________________________________________________________________________________________________________________ Please refer to disclaimer Epic Research Ltd www.epicresearch.co
Special Report 10-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
The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility. The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. We are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid or Unpaid), any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.
_____________________________________________________________________________________________________________________ Please refer to disclaimer Epic Research Ltd www.epicresearch.co