Special Report
12-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
24540
+0.84
S&P500
2636
-0.036
NASDAQ
7031
+0.16
FTSE100
6806
+1.27
21149 25696.89
-0.33 -1.41
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 Decembe PREVIOUS DAY ROUNDOFF The Indian stock markets staged a stellar comeback after opening gap down and witnessing an extremely volatile trading session on Tuesday.The Nifty recovered mover than 200 points from its low point of the day and managed to close up 60 points at 10,549. Bank Nifty too closed 60 points higher at 26,163 led by strong gains in PSU banking stocks. The broader markets also posted strong gains with the Nifty Midcap 100 and Nifty Smallcap 100 indices closing 1.67% and 1.82% higher, respectively.Furthermore, all sectoral indices on the NSE managed to close in the green in Tuesday’s trade. Tracking the derivative data points, Nifty and Bank Nifty Futures witnessed a surge in open interest, mainly fresh long positions. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[+0.66pts], Consumption[+1.13pts],PSE[-0.35pts],CPSE[0.72pts],Energy [0 .3 8 pt s] ,FM C G[1 .2 0 p ts], Auto [+0 .7 1 pts ],P h arm a [2.48pts],IT[+1.11pts],Metal[+0.63pts],Realty[+0.04pts], Fin Serv sector[+0.49pts].
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
Yes Bank
177.85
12.2
7.36
Sun Pharma
422.3
23.3
5.84
Asian Paints
1,323.60
49.4
3.88
933.15
26.05
2.87
478.9
12.75
2.74
CMP
Change
% Chg
220.1 131.95 290.25 2,059.55 326.75
-6.6 -2.4 -4.7 -29.2 -3.5
-2.91 -1.79 -1.59 -1.4 -1.06
Titan Company Zee Entertain
Top Losers Company
HPCL IOC Bharti Airtel HDFC Bank BPCL
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
10549
60.7
0.58
SENSEX
35150
190
0.54
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Special Report
12-Dec-2018
RECOMMENDATIONS [FUTURE] 1. KOTAK BANK (FUTURE) Stock has shown a tiny correction on the daily chart with average volumes and closed near to 200 EMA on the daily chart. It should take a reversal from here and it is also trading at 200 EMA on the hourly chart. But, still we recommend because of election outcome sell from the current level for the target of 1220 with the stop loss of 1235 Target 1200/1185/1280.
2. LIC HOUSING Stock is looking Bullish on the daily chart and it also formed bullish engulfing pattern on the daily chart, we expect it should give a breakout toward the upside. We recommend selling buy 440 for the target of 450 /455 with the stop loss of 430.
STOCK RECOMMENDATION [CASH] KOTAK BANK (Cash) Stock has shown a tiny correction on the daily chart with average volumes and closed near to 200 EMA on the daily chart. It should take a reversal from here and it is also trading at 200 EMA on the hourly chart. But, still we recommend because of election outcome sell from the current level for the target of 1220 with the stop loss of 1235 Target 1200/1185/1280.
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
12-Dec-2018
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
Open Interest
BANKNIFTY
CE
26,500
66.8 10,17,637
6,84,240
BANKNIFTY
CE
26,200 176.05
7,52,502
BANKNIFTY
CE
26,400
95
7,07,961
RELIANCE
CE
1,100 28.65
16,135
RELIANCE
CE
1,120 20.45
11,064
RELIANCE
CE
1,140 13.85
YESBANK
CE
180
14
HDFCBANK
CE
2,100
23
MARUTIACTIVE PUT CE OPTION 9,000 111.5 MOST Symbol
Optio Strike n Price Type
BANKNIFTY
GMR Infrastructure: Subsidiary raised Rs 225.6 crore through CCDs for investment in GMR Bajoli Holi Hydropower Pvt Ltd.
PTC India: Ramesh Narain Misra and Atmanand are 3,07,660 appointed as 2,86,780 NIFTY FUTURE 10,79,500
6,83,000 Last trading session we seen strong Buying from lower 9,442 11,19,000 level . Assembly election result is a big key for makret direction so Technically Nifty is bearish trend so we will 6,953 96,35,500 advise to sell it on rise around 10550 with stop loss of 5,881 3,64,000 10700 for the target of 10480/10420/10380. Election result & global factor is not in favaur of market. 5,823 2,83,500
LTP
Traded Volume (Contracts)
Open Interest
PE
25,500 37.95
8,24,051
9,08,980
BANKNIFTY
PE
25,000 13.55
7,47,057
10,30,620
BANKNIFTY
PE
26,000
116
4,16,314
4,67,740
RELIANCE
PE
1,060
14.2
8,945
7,49,000
RELIANCE
PE
1,040
10.1
7,698
4,07,000
RELIANCE
PE
1,000
5.15
6,632
9,66,000
RELIANCE
PE
1,080
21
6,078
5,30,500
RELIANCE
PE
1,020
7
5,048
4,78,500
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
65460
4270.68
70976
4906.63
342376
25849.79
-635.9461
INDEX OPTIONS
3235015
192211.45
3233855
192167.77
856835
61029.27
43.6855
STOCK FUTURES
284175
15614.35
273056
14942.35
1474521
83406.86
672.0079
STOCK OPTIONS
170339
9766.10
170087
9771.98
135933
7441.89
-5.8831 73.8642
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
10716
10633
10483
10399
10250
BANKNIFTY
26625
26394
25996
25765
25367
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Special Report
12-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
12-Dec-2018
RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM JAN ABOVE 8700 TARGET 8715/8735/8760 SL 8640 SELL GUARGUM ABOVE JAN 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 JAN ABOVE 6630 TARGET 6645/6660/6680 SL 6570 SELL DHANIYA JAN ABOVE 6610 TARGET 6595/6575/6565 SL 6670
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
12-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
12-Dec-2018
Date
Commodity/ Currency Pairs
11/12/18
NCDEX DHANIYA
DEC
BUY
6580
11/12/18
NCDEX DHANIYA
DEC
Sell
11/12/18
NCDEX GUARGUM5
DEC
11/12/18
NCDEX GUARGUM5
11/12/18
Contract Strategy
Entry Level
Stop Loss
Remark
6595/6615
6520
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
32000
32050/32150
31800
TARGET
11/12/18
MCX GOLD
DEC
SELL
31800
31700/31600
31950
TARGET
11/12/18
MCX SILVER
DEC
BUY
38500
38600/38750
38300
NOT EXECUTED
11/12/18
MCX SILVER
DEC
SELL
38000
37850/37600
38200
NOT EXECUTED
Entry Level
Target
Stop Loss
Remark
Target
Date
Scrip
CASH/ FUTURE/ Strategy OPTION
11/12/18
NIFTY
FUTURE
SELL
10850-10900
10700/10500
11200
NOT EXECUTED
11/12/18
KOTAK BANK
FUTURE
SELL
1180
1170/1160
1200
TARGET
11/12/18
LIC HUSING
FUTURE
SELL
417
410
422
STOP LOSS
11/12/18
REPCOHOMES
CASH
SELL
323
318
328
TARGET
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Special Report
12-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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