Special Report 12-Sep-2018
Global markets at a glance US stocks rose on Tuesday as Apple led a jump in technology shares and a gain of more than 2 percent in oil prices drove up energy shares. Apple rose 2.5 percent, boosting the three major indexes, a day ahead of its expected unveiling of new iPhone models. The S&P technology sector gained 0.8 percent, its biggest percentage jump in two weeks, also boosted by Microsoft , up 1.7 percent, and Facebook , up 1.1 percent. "That's been the main fuel for the market," said Alan Lancz, president of Alan B. Lancz & Associates Inc, an investment advisory firm based in Toledo, Ohio. "Maybe tech has taken the punch and is recovering, and investors are getting more confident that the leader is back."The technology sector is up close to 18 percent for the year so far, leading sector gains in the S&P 500 along with consumer discretionary , also up roughly 18 percent since Dec. 31. The energy index , up 1 percent, helped to lift the S&P 500, with shares of Exxon Mobil up 1.4 percent and Chevron up 0.5 percent. Oil prices rose after US sanctions squeezed Iranian crude exports and tightened global supply. The Dow Jones Industrial Average rose 113.99 points, or 0.44 percent, to 25,971.06, the S&P 500 gained 10.76 points, or 0.37 percent, to 2,887.89 and the Nasdaq Composite added 48.31 points, or 0.61 percent, to 7,972.47. Asian stocks were pinned near 14-month lows on Wednesday, as investor confidence was chilled by the latest round of verbal threats in an intensifying US-China trade conflict.MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.05 percent, hovering near its lowest levels plumbed since July 2017 on Monday.Tokyo's Nikkei fell 0.25 percent and Australian stocks gave up 0.3 percent, while South Korea's KOSPI managed to eke out a modest 0.15 percent gain.The mood was dimmed by the verbal sparring between Washington and Beijing as the monthslong escalation in trade tensions between the world's two biggest economies took their toll on riskier assets. Previous day Roundup After a gap-up opening, the Nifty 50 remained volatile in early trade on September 11. The index, however, wiped out all gains in later part of the session to breach the psychological 11,300-mark. Further weakness in the rupee and trade war tensions hit market sentiment. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[-44.50], Co nsum ptio n[ -80 .95 pts],Bank[ -394 .2 5 pts],Auto [ 162.50pts],FinService[-154.00pts],Fmcg[-744.05pts],Media [-39.35pts],Pharma[-167.45pts],IT[-112.15pts],Metal[58.55pts],Realty[-5.25 pts], Pvt Bank[-212.10pts].
World Indices Index
Value
% Change
25,971.06
+0.44
S&P500
2,887.75
-0.07
NASDAQ
7,509.75
-0.03
FTSE100
7,273.54
-0.08
22,548.78 26,325.09
-0.49 -0.37
DJI
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
Idea Cellular
47.75
0.85
1.81
HCL Tech
1,088.70
14.75
1.37
Axis Bank
651.75
6.20
0.96
Cipla
668.05
3.30
0.50
Zee Entertain
472.75
2.35
0.50
CMP
Change
% Chg
2,615.65 638.00 6,347.45 937.35 344.10
-128.55 -26.25 -252.65 -36.35 -12.85
-4.68 -3.95 -3.83 -3.73 -3.60
Top Losers Company
Bajaj Finance Sun Pharma Bajaj Finserv M&M BPCL
Stocks at 52 Week’s HIGH ALBERTDAVD ELECTROSL
754.8 14.6
67.2 0.7
8.9 4.79
3.3
0.15
4.55
3590.1
-55.05
-3.07
GTNIND
22.7
-4.5
-19.82
IBULISL
751.35
-21.45
-2.85
Prev. Close
Change
%Chg
31.7 4.6 7.9 210.95 42.9
-0.5 0 0 -5.4 -1.45
-1.58 0 0 -2.56 -3.38
GANGOTRI GLAXO
Stocks at 52 Week’s LOW Symbol
21STCENMGM ABGSHIP ANDHRACEMT APTECHT ASHAPURMIN
Indian Indices Company
CMP
Change
% Chg
NIFTY
11287.50
-150.60
-1.32
SENSEX
37413.13
-509.04
-1.34
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Special Report 12-Sep-2018
RECOMMENDATIONS [FUTURE] 1. TATAGLOBAL [FUTURE ] From the daily chart it is clear that the particular script has shown a consolidation at the support level around 220-225 and now closed below this level which clearly confirms its downtrend it can correct upto the levels of 218 but it would again start its downtrend so we suggest to make a short position around the levels of 218-216 for the targets of 210205 with stoploss above 222.
2. JUSTDIAL [FUTURE] The particular counter has made a bullish doji candle just above its 200SMA which is a clear sign of reversal. Yesterdsay it had bounded from its support level of 513 and shown a movement of upward by 2 percent from the respective level. A long position should be made at cmp 523 for the target 540-560 with stoploss below 515.
STOCK RECOMMENDATION [CASH] IBREALEST [CASH] From the daily chart its clear that a consolidation can be seen which is acting as a support and resistance between 141-160 the stock is continuously moving between these levels and fail to break it . Yesterday it closed at 141, today in the initial trading session it can show some bounce back but may resume its downtrend so we advice to sell around the levels of 140-139 for the targets of 137-133 with stoploss above 143.
MACRO NEWS Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 21 points or 0.18 percent. Nifty futures were trading around 11,465level on the Singaporean Exchange. US President Donald Trump said on Wednesday that the United States was not yet ready to come to an agreement over trade disputes with China but he said talks would continue. “We’ve done very well in negotiations with China but we’re not prepared to make the deal that they’d like to make,” Trump told reporters at the White House without elaborating on the details. North Korean leader Kim Jong Un said the two Koreas should further their efforts to realise the denuclearisation of the Korean peninsula, as he met with South Korean special envoys on Wednesday, state media KCNA said on Thursday.Kim added the two Koreas should keep advancing their joint ties that have neared a state of peace and reconciliation, and discussed with South Korean envoys the Pyongyang inter-Korean summit planned for September - coming to a satisfactory agreement, KCNA said without elaborating. Finance Minister Arun Jaitley on Wednesday said there was no need for panic or knee-jerk reaction in view of the sharp depreciation in the rupee, since it was driven by global factors.
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Special Report 12-Sep-2018
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
BANKNIFTY
CE
27,000 32.35
2,18,720
NIFTY
CE
11,500
59.5
1,96,663
BANKNIFTY
CE
27,800
2.2
1,91,663
RELIANCE
CE
1,300 11.55
6,943
TATAMOTORS CE
Sun Pharma: In its clarification note related to Mohali plant, company said the US FDA is conducting an inspection of Mohali facility (Punjab,India). The inspection started on September 10 and is ongoing.
9,25,280 35,64,750
Syngene International: Biocon and Biocon Research reduced stake by 0.50 percent to 70.24 percent by selling shares of the company through open market on September 11.
Open Interest
4,89,600
40,47,000 NIFTY FUTURE 70,47,000
280
4.2
5,828
CE
9,000
37.9
5,409
3,13,650
TATAMOTORS CE
290
2.45
5,304
44,59,500
1,280
16.2
5,244
25,43,000
MARUTI RELIANCE
CE
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST Symbol
Optio Strike n Price Type
BANKNIFTY
PE
26,600
NIFTY
2,83,500
LTP
Traded Volume (Contracts)
Open Interest
24
1,94,701
3,22,880
PE
11,400 165.55
1,60,859
42,94,725
BANKNIFTY
PE
26,500
14.2
1,50,372
RELIANCE
PE
1,200
13.7
4,991
RELIANCE
PE
1,240 28.85
4,824
RELIANCE
PE
1,220
20
4,280
TATASTEEL
PE
600
20.9
3,607
TATAMOTORS PE
260
5.2
3,223
3,34,880 Nifty future finally broke its crucial support level of 15,22,000 11400 the supports are gradually shifting downward now 11300 is its another support level. Today the market may 12,79,000 show some consolidation in its initial stage but may 11,49,000 resume its downtrend so we advice to sell nifty future 7,75,591 around the levels of 11300-290 for the targets of 1122011120 with stoploss above 11360. 19,98,000
FII DERIVATIVES STATISTICS BUY
SELL
No. of Contracts
Amount in Crores
INDEX FUTURES
32269
3126.26
41672
3756.85
INDEX OPTIONS
943062
95132.71
923912
STOCK FUTURES
190932
13269.88
STOCK OPTIONS
133233
9898.19
OPEN INTEREST AT THE END OF THE DAY
No. of Amount in No. of Contracts Crores Contracts
Amount in Crores
NET AMOUNT
296586
25778.38
-630.5854
93616.69
948192
84319.59
1516.0262
201154
13978.14
1174480
88034.07
-708.2607
135666
10073.53
118444
8829.70
-175.3383 1.8418
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
11513.00
11447.00
11413.00
11347.00
11313.00
BANKNIFTY
27511.00
27159.00
26965.00
26613.00
26419.00
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Special Report 12-Sep-2018
RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD OCT FUT ABOVE 30750 TGT 30850 31000 SL BELOW 30650 SELL GOLD OCT FUT BELOW 30550 TGT 30450 30250 SL ABOVE 30650
SILVER TRADING STRATEGY: BUY SILVER SEP FUT ABOVE 37400 TGT 37600 37900 SL BELOW 37200 SELL SILVER SEP FUT 36900 TGT 36700 36400 SL ABOVE 37100
COMMODITY ROUNDUP COMEX Gold futures started the week on a positive note. The metal remained broadly supported amid continued stress on the global trade front. US President Donald Trump's weekend threats to leave Canada out of the new North American Free Trade Agreement weighed on stocks. The US stock market was closed on Monday for the Labor Day holiday. COMEX Gold has recovered from an 18 month low recently and the prices have moved up the critical $1200 per ounce now. The yellow metal is currently quoting at $1205 per ounce, flat on the day. Large speculators trimmed their bearish net positions in the Gold futures markets last week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The non-commercial futures contracts of Gold futures, traded by large speculators and hedge funds, totaled a net position of 3,063 contracts in the data reported through Tuesday August 28th. This was a weekly gain of 5,647 contracts . The non-commercial futures contracts of WTI Crude Oil futures, traded by large speculators and hedge funds, totaled a net position of 550,313 contracts in the data reported through Tuesday August 28th. This was a weekly rise of 11,528 contracts. Speculative positions had declined for three straight weeks. The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -585,826 contracts on the week. This was a weekly fall of -6,982 contracts. London Metal Trade copper exchanged level at $5,976 a ton, having prior slipped to $5,952.50, its weakest since Aug. 23. Copper on Friday fell 1.5 percent to require the month to month drop in Eminent to 5.2 percent. It was the greatest month to month drop in two years and the third month to month decay in a push. Indian Copper was trading at Rs 417 per kg, down 1.6%. The prices of Copper tested a high of Rs 424.45 per kg, and a low of Rs 416.6 per kg. Nickel sank to its most reduced in more than seven months this week, weighed down by stresses almost China's economy, heightening exchange pressures and frail steel prices. Manufacturing action in China, the world's greatest shopper of mechanical metals, developed final month at its slowest rate in more than a year, with trade orders contracting for a fifth month and managers cutting more staff, the Caixin/Markit Purchase Managers' Record appeared. China's fabricating action developed at the slowest pace in more than a year in August, with send out orders contracting for a fifth month and bosses cutting more staff, a private study appeared on Monday.
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Special Report 12-Sep-2018
RECOMMENDATIONS GUARGUM TRADING STRATEGY: BUY GUARGUM OCT FUT ABOVE 9400 TGT 9450 9500 SL BELOW 9360 SELL GUARGUM OCT FUT BELOW 9330 TARGET 9380-9340 SL 9470.
NCDEX INDICES Index
Value
% Change
Barley Castor Seed Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT
1623 4594 3872 4710 1683 4268
0.03 -0.39 1.71 -0.53 0.27 -0.92
19165
0.82
4140 3253 6476
-0.19 0.53 -0.77
Jeera Mustardseed Soy Bean Turmeric
DHANIYA TRADING STRATEGY: BUY DHANIYA SEP FUT ABOVE 4800 TGT 4850 4900 SL BELOW 4760 SELL DHANIYA SEP FUT BELOW 4640 TARGET 4600-4570 SL 4670
Pepper price in India extended their recent upmove following the havoc caused by the flood in Kerala- the primary domestic supplying state. In HCMC Viet Nam, local price of black pepper also increased marginally as global pepper markets watched the developments in India. Indian Rupee is also tumbling to fresh lows in recent weeks and that is also bound to feed into global pepper export quotes. As per government notification, Indian sugar mills can sell 20 lakh metric tonnes of the sweetener in the open market in September 2018, the Government said.In a notification issued, the food ministry has allocated sugar quota for sale to each of 524 mills in the country.The sugar mills who have exported sugar under Minimum Indicative Export Quota (MIEQ), allocated vide Order No. 1(4)/2018-1 dated 09.05.2018, either directly or by way of trading export quota to third parties may also sell/dispatch additional quantity of sugar equivalent to actual export during 201718 sugar season till August ,2018 or their MIEQ, whichever is less, excluding the additional quantity of sugar already sold in the month of August 2018 on this account, in addition to the quantity of white/ refined sugar specified for domestic sale/despatch as indicated incolumn 4 of the table. Third party under this clause shall be eligible only for the quantity exported by it against its own quota. In the previous month the Govt. allocated quota to 524 mills in the country to sell 17.50 lakh metric tonnes of the sweetener.The government had announced creation of 3 million tonnes of buffer stock and stock holding limit on sugar mills in a bid to improve liquidity of cash-starved millers and enabling them to clear cane arrears of around Rs.20,000 crores. Recently, the deadline of MIEQ has also been extended till 31st December 2018.As per latest update from United States Department of Agriculture (USDA), Mexico cotton production for MY 2018/19 is 1.59 million bales, 9 percent lower that the USDA official estimation.
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Special Report 12-Sep-2018
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
71.9009 Yen
64.9800
Euro
83.6744 GBP
93.0364
USD/INR TRADING STRATEGY: BUY USDINR ABOVE 73.00 TGT 73.50 74.00 SL BELOW 72.50 SELL USDINR BELOW 72.40 TGT 72.00 71.50 SL ABOVE 72.80
GBP/INR TRADING STRATEGY: BUY GBPINR ABOVE 95.00 TGT 95.50 96.00 SL BELOW 94.50 SELL GBPINR BELOW 93.00 TGT 92.50 92.00 SL ABOVE 93.60
The dollar was holding steady near one-month lows against a currency basket on Thursday as markets awaited trade developments, while the pound remained firm after rallying in the previous session as fears over a no-deal Brexit eased. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was at 94.45 by 03:57 AM ET (07:57 GMT), not far from Tuesday’s one-month lows of 94.34. Market sentiment continued to be supported by hopes that Canada will join the new trade agreement between the U.S. and Mexico aimed at overhauling the North American Free Trade Agreement ahead of a Friday deadline.But the new trade deal did little to indicate how a trade spat between the U.S. and China will play out after talks last week ended with little progress and both countries slapped fresh reciprocal tariffs on imports.Sterling was steady after rising above the 1.30 level against the dollar for the first time in three weeks on Wednesday after European Union negotiator Michel Barnier said the bloc was prepared to offer Britain a partnership after Brexit.GBP/USD was at 1.3028 after gaining 1.23% in the previous session, its largest one-day percentage gain since March 21.The pound was also stronger against the euro, with EUR/GBP edging down to 0.8982 after ending the previous session with a loss of 1.09%. The Indian rupee collapsed to lifetime closing lows against the dollar following heavy month-end dollar demand from importers and foreign capital outflows. The domestic currency, having traded comfortably below the Rs 70/$ mark since late last week, slipped to an intra day low of 70.65 today before closing the day at 70.57, logging its biggest single-day drop since August 13. Consistent dollar demand from banks and importers, mainly oil refiners, following higher crude oil prices, kept the rupee under pressure. Yesterday, the local currency had bounced back in a tepid fashion from the record closing low, gaining 6 paise to end at 70.10 against the US currency. Meanwhile, the dollar rose against a basket of major currencies after touching a four-week low overnight as optimism over the U.S.-Mexico trade deal gave way to caution ahead of a deadline in the China-U.S. trade dispute.
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Special Report 12-Sep-2018
Date
Commodity/ Currency Pairs
11/09/18
NCDEX DHANIYA
SEP
BUY
11/09/18
NCDEX DHANIYA
SEP
11/09/18
NCDEX GUARGUM5
11/09/18
Contract Strategy
Entry Level
Target
Stop Loss
Remark
4940
4990 5040
4900
NOT EXECUTED
SELL
4640
4600-4570
4670
NOT EXECUTED
OCT
BUY
9620
9670 9720
9580
NOT EXECUTED
NCDEX GUARGUM5
OCT
SELL
9430
9380-9340
9470
NOT EXECUTED
11/09/18
MCX GOLD
OCT
BUY
30750
30850 31000
30650
NOT EXECUTED
11/09/18
MCX GOLD
OCT
SELL
30550
30450 30250
30650
SL TRIGGERED
11/09/18
MCX SILVER
SEP
BUY
37700
37900 38100
37500
NOT EXECUTED
11/09/18
MCX SILVER
SEP
SELL
37300
37100 36800
37500
TARGET HIT
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
Target
Stop Loss
Remark
11/09/18
NIFTY
FUTURE
BUY
11470-11475
11550-11600
11420
SL TRIGGERED
11/09/18
BAJFINANCE
FUTURE
SELL
2640.-2645
2620-2600
2665
SL TRIGGERED
11/09/18
JUSTDIAL
FUTURE
BUY
513-515
520-525
511
TARGET HIT
11/09/18
WELCORP
CASH
SELL
174-173
170-166
176
TARGET HIT
Entry Level
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Special Report 12-Sep-2018
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS TIME (ET)
REPORT
PERIOD
ACTUAL
FORECAST
PREVIOUS
MONDAY, SEPT. 10 12:01 am
Eric Rosengren interview with MarketWatch 11 am
12 pm
Raphael Bostic speaks
3 pm
Consumer credit
July
TUESDAY, SEPT. 11
TUESDAY, SEPT. 11
TUESDAY, SEPT. 11
$10bln TUESDAY, SEPT. 11
TUESDAY, SEPT. 11
TUESDAY, SEPT. 11
6 am 10 am
Job openings
July
6.7 mln
10 am
Wholesale inventories
July
0.1%
2:20 pm WEDNESDAY , SEPT. 12
WEDNESDAY, SEPT. 12
8:30 am
Producer price index
9:40 am
James Bullard speaks
2 pm
Beige book
WEDNESD WEDNESDAY, SEPT. AY, SEPT. 12 12 Aug.
WEDNESDAY, SEPT. 12
WEDNESDAY, SEPT. 12 0.0%
THURSDAY, SEPT. 13 8:30 am
Weekly jobless claims
8:30 am
Consumer price index
9/8 Aug. Disclaimer
-0.2%
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