Special Report
11-Dec-2018
Global markets at a glance
World Indices
Global stocks extended their slump on Monday, with US equity futures and Asian shares sliding on worries over slowing growth and fears that a fresh flare-up in tensions between Washington and Beijing could quash any chances of a trade deal. Traders returned from the weekend to face a growing wall of worry, with the world’s largest economies — the United States, China and Japan — all reporting weaker-than-expected data which point to moderating activity.
Index
Value
% Change
DJI
24388.95
-2.24
S&P500
2633.08
-2.33
NASDAQ
7020
+0.74
FTSE100
6721
-0.83
21149 25696.89
-0.33 -1.41
NIKKEI HANG SENG
Top Gainers Company
S&P futures were down 0.7 percent and the Dow futures lost 0.8 percent early in the Asian day. MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.7 percent, stooping to a two-week low. Australian stocks fell 1.7 percent, brushing its lowest level since December 2016, and South Korea’s KOSPI were down 1.4 percent. Japan’s Nikkei shed 2 percent. Data early in the session showed the economy contracted the most in over four years in the third quarter as capital expenditure tumbled. PREVIOUS DAY ROUNDOFF It’s a gap-down start to the market on Tuesday morning as investors turned wary of a shock resignation by RBI Governor Urjit Patel. Additionally, uncertainty around results to state elections added to their woes. The Sensex is down 482.68 points or 1.38% at 34477.04, while the Nifty is lower by 116.70 points or 1.11% at 10371.80. The market breadth is negative as 90 shares advanced, against a decline of 418 shares, while 16 shares were unchanged.Among sectors, banks, automobiles, energy, consumption, and metals are the top losers. The Nifty Midcap index is down over a percent as well. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[-46.4pts], Consumption[-66.45pts],PSE[-22.9pts],CPSE[17.15pts],Energy[-332.85pts],FMCG[-433.05pts],Auto[65.05pts],Pharma[-153.3pts],IT[-205.9pts],Metal[30.45pts],Realty[-6.65pts], Fin Serv sector[-264.95pts].
CMP
Change
% Chg
IOC
134.35
4.60
3.55
BPCL
330.25
4.85
1.49
HPCL
226.70
1.90
0.85
Coal India
238.15
1.40
0.59
7,350.50
36.55
0.50
CMP
Change
% Chg
1,198.35 686.60 3,776.55 1,090.25 359.15
-81.30 -30.25 -155.95 -43.55 -14.30
-6.35 -4.22 -3.97 -3.84 -3.83
Maruti Suzuki
Top Losers Company
Kotak Mahindra Indiabulls Hsg UltraTechCement Reliance Adani Ports
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
677.45
-4.35
-0.64
LIQUIDETF
1000
-0.01
0
MUTHOOTFIN
471.3
-4.3
-0.91
TATASTLBSL
27.15
4.35
16.02
333.75
-6.75
-2.02
Prev. Close
Change
%Chg
71.25
-2.4
-3.37
2.6
-0.05
-1.92
172.8 169.95 23.55
-6.25 1.05 -1.15
-3.62 0.62 -4.88
LINDEINDIA
TIINDIA
Stocks at 52 Week’s LOW Symbol
ABAN ADHUNIK ADVENZYMES AGARIND AIFL
Indian Indices Company
CMP
Change
% Chg
NIFTY
10488.45
-205.25
-1.92
SENSEX
34959.72
-713.53
-2.00
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Special Report
11-Dec-2018
RECOMMENDATIONS [FUTURE] 1. KOTAK BANK (FUTURE) Last trading session we seen strong selling pressureand losing aroud 200 pints and made low of 10500 and assembly election result is a big key for makret direction so next session will be also volatile where exit pole is also confused so becautious and trade nifty after result day. Technically Nifty is bearish trend so we will advise to sell it on rise around 10850-1090 with stop loss of 11200 for the target of 10700 10500.
2. LICHSGFIN [FUTURE] .Stock is looking bearish on the daily chart and it also formed flag pattern on the daily chart, we expect it should give a breakout toward the downside. We recommend selling below 417 for the target of 410 with the stop loss of 422.
STOCK RECOMMENDATION [CASH] REPCOHOME (Cash) Stock is showing weakness on the daily chart and trading at the support level and we expect it should break the support level on the daily chart ahead of the weak market. We recommend selling below 323 for the target of 318 with the stop loss of 328
MACRO NEWS Opinion | Assembly Elections 2018: The moment of electoral reckoning is here Post the December 11 results, one person who will be watched keenly and wooed by both the BJP and the Congress, over the next few months, will be Bahujan Samaj Party (BSP) chief Mayawati
Urjit Patel has resigned as the Reserve Bank of India (RBI) governor, nine months before his tenure was to end in September 2019, ending a 27-month long stint at Mint Street rocked by a testy debate on the central bank’s autonomy. Bank Nifty has a clearer long bias on the chart than Nifty, so trader looking for a long opportunity should prefer Bank Nifty, says Shabbir Kayyumi of Narnolia Financial AdvisorsThe timing of Patel's resignation is crucial. It comes four days ahead of the RBI’s scheduled board meeting on December 14, slated to discuss several contentious issues. Patel has cited “personal reasons”, but it is anybody’s guess why he chose to pull the plug.
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Special Report
11-Dec-2018
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
Open Interest
BANKNIFTY
CE
27,000
46.9
2,70,124
6,78,060
BANKNIFTY
CE
26,700 102.95
2,18,795
BANKNIFTY
CE
26,800
79.8
2,17,431
NIFTY
CE
10,700 96.65
1,32,093
RELIANCE
CE
1,140
15.2
6,869
KOTAKBANK
CE
1,300
19.4
6,221
RELIANCE
CE
1,160 10.55
6,120
RELIANCE
CE
1,200
5,216
5.15
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST Symbol
Optio Strike n Price Type
BANKNIFTY
PE
25,500
BANKNIFTY
PTC India: Ramesh Narain Misra and Atmanand are 2,01,560 appointed as 3,08,140 NIFTY FUTURE Last trading session we seen strong 30,15,225 selling pressureand losing aroud 200 pints and made low 9,63,500 of 10500 and assembly election result is a big key for 8,30,400 makret direction so next session will be also volatile where exit pole is also confused so becautious and trade 10,22,000 nifty after result day. Technically Nifty is bearish trend so 16,64,000 we will advise to sell it on rise around 10850-1090 with stop loss of 11200 for the target of 10700 10500. 2,83,500
LTP
Traded Volume (Contracts)
Open Interest
133
2,91,687
5,14,320
PE
26,000 270.3
2,66,473
4,31,380
BANKNIFTY
PE
25,000 63.15
1,51,769
5,04,480
NIFTY
PE
10,500
193
1,21,487
37,88,100
KOTAKBANK
PE
1,200 45.85
6,708
4,16,800
RELIANCE
PE
1,080 31.95
5,760
4,20,000
RELIANCE
PE
1,060 24.25
5,105
6,16,000
KOTAKBANK
PE
1,100
4,124
4,91,200
15
GMR Infrastructure: Subsidiary raised Rs 225.6 crore through CCDs for investment in GMR Bajoli Holi Hydropower Pvt Ltd.
FII DERIVATIVES STATISTICS BUY No. of Contracts
SELL Amount in Crores
OPEN INTEREST AT THE END OF THE DAY
No. of Amount in No. of Contracts Crores Contracts
Amount in Crores
NET AMOUNT
INDEX FUTURES
48226
3290.11
40669
2673.38
356821
27184.46
616.7323
INDEX OPTIONS
869019
52056.42
873340
52284.27
766296
55893.19
-227.8523
STOCK FUTURES
232773
13346.10
225103
12491.22
1473484
83929.80
854.8724
STOCK OPTIONS
117841
7136.06
118284
7129.22
118298
6400.13
6.8438 1250.5962
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
10590
10539
10506
10455
10422
BANKNIFTY
26434
26268
26170
26004
25906
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Special Report
11-Dec-2018
RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD ABOVE 32000 TGT 32050/32150 SL BELOW 31800 SELL GOLD BELOW 31800 TGT 31700/31600 SL ABOVE 31950
COMMODITY ROUNDUP Gold traded firm near a five-month peak hit early on Monday, supported by a disappointing US jobs data that fuelled speculation that the Federal Reserve may stop raising interest rates sooner than expected. Spot gold was steady at $1,247.80 per ounce, as of 0103 GMT, after hitting its highest since July 11 at $1,250.55 earlier in the session. US gold futures were up 0.2 per cent at $1,254.6 per ounce. The dollar slipped against the yen and the euro, while stocks extended their slump as worries over US-China trade tensions battered investor sentiment.Nonfarm payrolls increased by 155,000 jobs in November, while economists polled by Reuters had forecast payrolls increasing by 200,000 jobs. The US central bank is flagging a turning point in monetary policy, as a Fed policymaker on Friday backed interest rate hikes in the "near term" but nodded to increasingly less certainty ahead .
SILVER TRADING STRATEGY: BUY SILVER ABOVE 38500 TGT 38600/38750 SL BELOW 38300 SELL SILVER BELOW 38000 TGT 37850/37600 SL ABOVE 38200
Gold was sold at a discount last week in India for the first time in a month as a rebound in local prices prompted jewellers to postpone purchases, while demand improved in top consumer China due to seasonal buying. Production at Randgold's Loulo gold mine in Mali has been on hold since Wednesday due to a dispute over pay, the head of the industry and mines union SECNAMI told Reuters. Oil prices rose on Monday, extending gains from Friday when producer club OPEC and some non-affiliated producers agreed a supply cut of 1.2 million barrels per day (bpd) from January. Despite this, the outlook for next year remains muted on the back of an economic slowdown. International Brent crude oil futures were at $62.21 per barrel at 0218 GMT, up 54 cents, or 0.9 per cent, from their last close. Prices surged on Friday after the Organisation of the Petroleum Exporting Countries (OPEC) and some nonOPEC producers including heavyweight Russia announced they would cut oil supply by 1.2 million bpd, with an 800,000 bpd reduction planned by OPEC-members and 400,000 bpd by countries not affiliated with the group. Oil prices have been pulled down sharply since October by signs of an economic slowdown, with Brent losing almost 30 per cent in value.
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Special Report
11-Dec-2018
RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM DEC ABOVE 8700 TARGET 8715/8735/8760 SL 8640 SELL GUARGUM ABOVE DEC 8600 TARGET 8585/8565/8540 SL 8660
NCDEX INDICES Index
Value
% Change
Barley Castor Seed Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT
1825 5508 4463 6700 1956 4410
0.72 0.62 -1.5 2.09 2.87 1.68
18540
0.14
4095 3305 6100
1.89 0.85 -2.43
Jeera Mustardseed Soy Bean Turmeric
DHANIYA TRADING STRATEGY: BUY DHANIYA DEC ABOVE 6580 TARGET 6805/6830/6845 SL 6720 SELL DHANIYA DEC ABOVE 6500 TARGET 6485/6470/6440 SL 6560
Indian Commodity Exchange (ICEX), the Mumbaibased online commodity derivatives platform that took over the National Multi Commodity Exchange (NMCE) in August, will add black pepper and cardamom to its list of traded commodities. The exchange, which has begun trading in diamond, steel and rubber, plans to expand into plantation commodities. We will launch black pepper contracts next month, followed by cardamom contracts, a top official of ICEX said in a statement. Trading in black pepper futures on a national exchange was stopped some years ago after the seizure of mineral oil-contaminated pepper from warehouses. At a meeting ICEX held with the black pepper traders, it was suggested that the trading lot and delivery unit of pepper contracts be changed from 100 kg to 1 tonne. “ICEX will endeavour to make rubber and pepper prices, discovered by hundreds of small Indian traders sitting in Kottayam, Ernakulam, Pala, Kushalnagar and Hassan, become global price benchmarks and establish Indian prices internationally,� the official said. NMCE used to conduct futures trading in rubber. Russian and Chinese shipping companies were pitching to facilitate India-Iran trade, the source said. Under U.S. sanctions, India will be allowed to export farm commodities, food, medicines, and medical devices to Iran. However, items such as petroleum and petrochemical products, automobiles, steel, precious metals and graphite are not allowed to be exported to Tehran. Indian traders have cancelled some export contracts of soyabean, estimated at about 1 lakh tonnes, due to the appreciation in the rupee.However, with Iran emerging as an unexpected buyer of Indian soyameal, the industry has been able to maintain a good pace of soyameal exports in the first quarter which began in October.
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Special Report
11-Dec-2018
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
71.3257 Yen
63.43
Euro
81.5738 GBP
90.9108
USD/INR TRADING STRATEGY: USD/INR BUY USDINR FUTURE ABOVE 71.50 TARGET 71.62/71.75 SL 71.35 SELL USDINR FUTURE BELOW 71.40 TARGET 71.28/71.15 SL 71.55
GBP/INR TRADING STRATEGY: BUY GBPINR DEC ABOVE 90 .80 TGT 90.92/ 91.05 SL 90.65 SELL GBPINR DEC BELOW 90.60 TGT 90.48 90.35 SL 90.75
Indian bonds and currency markets weakened on Monday after exit polls showed mixed results for Prime Minister Narendra Modi's ruling party at the recently held crucial state elections, and on higher oil prices after OPEC members and allies agreed to reduce output on Friday. The rupee INR=D4 fell to 71.41 to the dollar, weakest since Nov. 20 and down from Friday's close of 70.80, while the 10-year benchmark bond yield IN071728G=CC rose to 7.50 percent from 7.46 percent.Singapore Nifty futures SINc1 were also down 1.30 percent, indicating a weak opening for Indian stock markets."The exit polls are mixed, but we don't want to take any risk before actual results are out given that oil is also up," said a trader at a foreign bank. "Sentiment will remain cautious until state election results are out (on Tuesday)." The dollar slipped against the yen and the euro on Monday after soft U.S. payrolls data fuelled speculation that the Federal Reserve may stop raising interest rates sooner than previously expected.The British pound also was on the defensive as Prime Minister Theresa May's deal to exit the European Union looks set to be rejected by parliament on Tuesday, while the Chinese yuan dipped in offshore trade following weak trade and inflation data over the weekend. "We have rising tensions between the United States and China over Huawei and the Brexit vote in the UK parliament. The risk-off mood is likely to prevail for now," said director of forex at Societe Generale (PA:SOGN).The dollar slipped 0.2 percent against the yen to 112.52 JPY= , edging near Thursday's 5 1/2-week low of 112.23. U.S. non-farm payrolls increased by 155,000 jobs last month, below economists' median forecast of 200,000 jobs.Some Fed policymakers have struck a cautious tone about the economic outlook, possibly flagging a turning point in its monetary policy.Federal Reserve Governor Lael Brainard said on Friday the economic picture was broadly positive but that risks were growing overseas and in the corporate debt markets at home.
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Special Report
11-Dec-2018
Date
Commodity/ Currency Pairs
10/12/18
NCDEX DHANIYA
DEC
BUY
6580
10/12/18
NCDEX DHANIYA
DEC
Sell
10/12/18
NCDEX GUARGUM5
DEC
10/12/18
NCDEX GUARGUM5
10/12/18
Contract Strategy
Entry Level
Stop Loss
Remark
6805/6830/68 45
6720
TARGET
6500
6485/6470/64 40
6560
NOT EXECUTED
BUY
8700
8715/8735/87 60
8640
NOT EXECUTED
DEC
SELL
8600
8585/8565/85 40
8660
NOT EXECUTED
MCX GOLD
DEC
BUY
31600
31650/31800
31450
TARGET
10/12/18
MCX GOLD
DEC
SELL
31400
31350/31380
31525
NOT EXECUTED
10/12/18
MCX SILVER
DEC
BUY
38000
38070/38150
37875
TARGET
10/12/18
MCX SILVER
DEC
SELL
37800
37750/37700
37950
TARGET
Entry Level
Target
Stop Loss
Remark
Target
Date
Scrip
CASH/ FUTURE/ Strategy OPTION
10/12/18
NIFTY
FUTURE
SELL
10750
10720/10700/ 10650
10770
NOT EXECUTED
10/12/18
GAIL
FUTURE
SELL
334
330/328
338
TARGET
10/12/18
BHARAT FORG
FUTURE
SELL
500
494/490
505
STOP LOSS
10/12/18
GAIL
CASH
SELL
334
330/328
338
TARGET
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Special Report
11-Dec-2018
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS TIME (ET)
REPORT
FORECAST
PREVIO US
Oct.
--
7.0 mln
Nov.
0.0%
0.6%
WEDNESD WEDNESDAY, DEC. AY, DEC. 12 12
WEDNESDAY, DEC. 12
WEDNE SDAY, DEC. 12
PERIOD
ACTUAL
MONDAY, DEC. 10 10 am
Job openings
TUESDAY, DEC. 11 8:30 am
Producer price index
WEDNESD WEDNESDAY, DEC. 12 AY, DEC. 12 8:30 am 8:30 am
Core CPI
Nov.
0.2%
0.2%
2 pm
Federal budget
Nov.
--
$139bln
THURSDAY THURSDAY, DEC. 13 , DEC. 13
THURSDA THURSDAY, THURSDAY, DEC. 13 Y, DEC. 13 DEC. 13
THURSD AY, DEC. 13
--
0.5%
FRIDAY, DEC. 14
FRIDAY, DEC. 14
0.1%
0.8%
8:30 am 8:30 am
Import price index
Nov.
FRIDAY, DEC. 14
FRIDAY, DEC. 14
FRIDAY, DEC. 14
9:45 am
8:30 am 9:45 am
Markit manufacturing index flash
Retail sales Markit services index flash
Nov. Nov.
Nov.
FRIDAY, DEC. 14 --
55.7
--
54.8
8:30 am
Retail sales ex-autos
Nov.
0.2%
0.7%
9:15 am
Industrial production
Nov.
0.4%
0.1%
9:15 am
Capacity utilization
Nov.
78.6%
78.4%
Factory orders
Oct.
-2.0%
0.7%
10 am 10 am
The
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