Special Report 14-Nov-2018
Global markets at a glance Asian shares edged lower as investors fretted about slowing global growth with crude oil prices sinking on worries about weakening world demand and oversupply. US crude futures dived 7 percent the previous day, suffering their biggest one-day loss in more than three years. The contracts last stood at USD 55.72 per barrel following a descent to USD 54.75 overnight, their lowest since November 2017. The Dow and S&P 500 ended slightly lower on Tuesday as lower oil prices took a toll on energy shares, offsetting a small gain in technology stocks and renewed hopes for progress in US-China trade talks. The Nasdaq managed to end essentially flat on Tuesday as a rebound in technology stocks kept the index out of negative territory. Riskier assets have been under intense selling pressure over the past two months as worries about a peak in earnings growth added to international trade tensions and signs of slowing in global investment and growth. The Dow and S&P 500 ended slightly lower on Tuesday following losses in energy shares and Boeing, offsetting a small gain in technology stocks and renewed hopes for progress in trade talks. The Nasdaq ended the session essentially flat as a rebound in tech kept the index out of negative territory. US-China trade tensions enjoyed a reprieve as negotiations between the world's two largest economies appeared to be making headway, with a US adviser saying the countries' two leaders would meet at the G20 meeting later this month. PREVIOUS DAY ROUNDOFF The Nifty recouped morning losses and climbed 10,50010,550 levels to close just a shade below its crucial resistance levels of 10,600 levels on Tuesday. Robust IIP data for the month of September, cool off in inflation numbers as well as fall in crude oil prices added to the tailwind. The strong rally seen in the index took shape of a Piercing pattern which signals a temporary halt to the downtrend. The pattern is formed by two consecutive candlesticks. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[+51.4pts], Consumption[+28.00pts],PSE[+41.8pts],CPSE [+37.3pts],Energy[+241.75pts],FMCG[+247pts],Auto[ +7 .54 pts],P harma[ -134 .95 pts],IT[+47 .7 pts],Metal [+26.05pts],Realty[-1.35 pts], Fin Serv sector[+119.2pts].
World Indices Index
Value
% Change
DJI
25286.49
-0.40
S&P500
2722.18
-0.15
NASDAQ
7200.87
-2.66
FTSE100
7053.76
0.00096
21784.17 25784.48
-0.12 -0.033
NIKKEI HANG SENG
Top Gainers Company
Eicher Motors
CMP
Change
% Chg
23,241.85 1,308.30
5.96
IOC
141.4
6.35
4.7
BPCL
303.15
11.95
4.1
HPCL
232.8
7.75
3.44
3,829.90
103.05
2.77
CMP
Change
% Chg
561.75 179.5 841.95 184.05 528.1
-27.75 -6.55 -23.3 -1.9 -3.75
-4.71 -3.52 -2.69 -1.02 -0.71
UltraTechCement
Top Losers Company
Sun Pharma Tata Motors Indiabulls Hsg Power Grid Corp Cipla
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
ELECTROSL
22.55
1.1
4.88
GALLANTT
61.15
1.15
1.88
1000.01
0
0
LINDEINDIA
597.9
21.3
3.56
LIQUIDETF
999.99
0
0
ICICILIQ
Stocks at 52 Week’s LOW Symbol
Prev. Close
Change
%Chg
ABGSHIP
3.05
-0.15
-4.92
ADROITINFO
18.8
-0.15
-0.8
AIFL ALCHEM ANGIND
58.6 3.1 1.45
-2.9 -0.15 -0.05
-4.95 -4.84 -3.45
Indian Indices Company
CMP
Change
% Chg
NIFTY
10582.50
100.30
0.96
SENSEX
35144.49
331.50
0.95
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Special Report 14-Nov-2018
RECOMMENDATIONS [FUTURE] 1. JUBLFOOD [FUTURE ] Stock has been performing for three trading sessions with good volumes and it gave the double bottom breakout on the daily chart and closed near to days high. We recommend buying from the current level for the target of 1180 with the stop loss of 1130.
2. GRASIM [FUTURE] Stock has been consolidating for a week with average volumes and today performed well with good volumes and closed near to days high. The RSI is also indicating upside on the daily chart. We recommend buying from the current level for the target of 890 with the stop loss of 870.
STOCK RECOMMENDATION [CASH] UBL [CASH] Stock has outperformed well with good volumes and closed near to days high. It also gave a breakout of trendline on the daily chart on a closing basis. It also gave flag pattern breakout on the daily chart. We recommend buying from the current level for the target of 1320 with the stop loss of 1290.
. MACRO NEWS M&M Q2 preview: Lower tractor volumes could weigh on performance Mahindra and Mahindra will report its September quarter earnings on November 14. It is expected to see some contraction in its operational performance. Lower tractor volumes are likely to impact profits, multiple brokerages said.
SEBI issues norms for enhanced disclosures by rating agencies Markets regulator SEBI November 13 asked credit rating agencies (CRAs) to analyse the deterioration in the liquidity conditions of the issuer and take into account any asset-liability mismatch while reviewing ratings.
NBFC crisis, rising rates shatter CFOs; optimism at fiveyear low
Motherson Sumi Q2 preview: Steady India growth, rupee fall against euro to help financials
Britain agrees Brexit divorce deal with EU, May's opponents vow to thwart it
Rupee hits 72/USD; trades nearly at 2-month high
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Special Report 14-Nov-2018
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
Open Interest
BANKNIFTY
CE
25,800 134.5
8,04,891
5,15,040
BANKNIFTY
CE
26,000 59.65
6,78,576
9,50,640
BANKNIFTY
CE
25,700
188
6,69,340
3,15,100
BANKNIFTY
CE
25,900 90.45
5,52,075
6,55,000
RELIANCE
CE
1,100 27.45
12,306
21,83,500
RELIANCE
CE
1,120 18.55
7,195
11,95,500
RELIANCE
CE
1,140
12
6,193
14,32,500
SUNPHARMA
CE
600
8.9
5,501
17,87,500
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST Symbol
Optio Strike n Price Type
BANKNIFTY
Zee Entertainment promoter \ promoter group to sell/divest up to 50 percent of their equity stake in company to strategic partner
Jet Airways clarified on Tata begins due diligence to buy Jet Airways from Naresh Goyal is that news is speculative in nature and that there is no discussions or decision by board
NIFTY FUTURE
2,83,500
LTP
Traded Volume (Contracts)
Open Interest
PE
25,300 26.75
8,557.96
5,69,620
BANKNIFTY
PE
25,200 18.25
6,018.84
BANKNIFTY
PE
25,400
35.9
10,393.73
BANKNIFTY
PE
25,500 51.45
12,273.28
RELIANCE
PE
1,060
10.8
440.21
RELIANCE
PE
1,080
16.4
600.45
RELIANCE
PE
1,040
7.1
247.7
TATAMOTORS PE
180
6.6
322.92
5,19,340 Last trading NIFTY Future close on positive note and 8,54,080 gaining around 1.00%, with bulish candle in daily chart, and we have seen sharp buyinng at lower level due to 7,97,440 short covering and fresh long build up. As we have 6,17,000 mentioned support for the index lies in the zone of 6,30,000 10450-10500 it’s strong support zone, and the resistance zone around 10670-10700 , So we can follow buy on 9,36,500 decline strategy .It will be good to buy with SL of 10450 13,63,500 for the target of 10650-10700
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
49757
3334.73
55998
3446.11
406510
31076.87
-111.3712
INDEX OPTIONS
1622386
91943.64
1611118
91423.03
1009236
73115.41
520.608
STOCK FUTURES
219200
12264.24
229517
12868.15
1374307
81532.15
-603.9112
STOCK OPTIONS
117199
6800.64
117233
6794.32
149451
8970.19
6.3148 -188.3596
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
10738.67
10673.33
10530.57
10415.63
10349.67
BANKNIFTY
26132.67
25984.33
25706.67
25558.33
25280.67
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Special Report 14-Nov-2018
RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD ABOVE 30850 TGT 30900 31000 SL BELOW 30770 SELL GOLD BELOW 30800 TGT 30750 30650 SL ABOVE 30880
SILVER TRADING STRATEGY: BUY SILVER ABOVE 36600 TGT 36750 36950 SL BELOW 36400 SELL SILVER BELOW 36500 TGT 36350 36150 SL ABOVE 36700
COMMODITY ROUNDUP Gold price, which has turned negative in both international and domestic markets, is likely to rebound and may touch Rs 33,500 per 10 gram provided the rupee rallies back to 71, say industry experts. Gold on Friday closed Rs 31,015 per 10 grams in the domestic market, while it was at $1,207.70 at the international level. “The domestic market has not seen any spectacular demand due to high price and poor returns. The strengthening of US dollar, two rate hikes by the RBI since June and the fear of another hike next month have dented investment appetite for gold,” Commtrendz Risk Management’s director Gnanasekar Thiagarajan said. Though he said there has been no significant impact on gold price from the geopolitical tension in many areas, the same cannot be ruled out going forward. “We see gold price moving around $1,185-1,255 per ounce with a possibility of an extension towards $1,275 by December-end. At the lower end, it may fall to $1,160. Domestic prices many rule between Rs 30,250 and Rs 33,500 if the rupee claws back to 71,” he said. Financial services provider ABans Group chairman Abhishek Bansal attributed the September to mid-October rally in gold prices to the ongoing US-China trade wars and on tension arising from the US sanctions on Iran coming into effect from November 4. But then the price began to fall on fear of the US Fed hiking interest rates again. The Fed had on September 26 increased the rates by 25 bps to 2.25 per cent. This was the eighth hike since 2015 when it was at 0.25 per cent since the 2008 crisis. Gold prices were trading lower in morning trade on Tuesday as dollar rose to 16-month highs, aided by the US Federal Reserve’s hawkish interest rate policy and political uncertainty in Europe. MCX Gold futures were trading 0.34 per cent, or Rs 104, down at Rs 30897 per 10 gram at around 11.15 am (IST), while MCX Silver futures were down 0.08 per cent, or Rs 31, at Rs 36,664 per 1 kg at around the same time. According to SMC Global Securities, gold can take support near Rs 30,850 and can face resistance near Rs 31,150 in MCX. While silver can take support near Rs 36,500 and can face resistance near Rs 36,900. With the US economy at or beyond full employment and inflation likely to rise slightly above a 2 per cent goal over the next year, the Federal Reserve should continue to raise rates gradually, its newest policymaker said on Monday but not necessarily next month.
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Special Report 14-Nov-2018
RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: Buy guarmgum dec above 10145 target 10160 10180 10220 sl 10085 Sell guargum dec below 10130 target 10110 10080 10050 sl 10190
NCDEX INDICES Index
Value
% Change
Barley Castor Seed Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT
1905 6138 4550 6235 1950 4756.5
-1.3 2.3 -0.87 0.94 -0.86 -0.38
Jeera
20150
0.22
4125 3355 6620
1.43 -0.62 1.75
Mustardseed Soy Bean Turmeric
Chilli, India’s largest exported spice, may get about 10% cheaper by December-January owing to subdued exports, higher output in Madhya Pradesh and increase in sowing area in major growing states, said traders. The average chilli price may fall to about Rs 90 a kg by December-January from close to Rs 100 a kg at present, they said. “The fall in prices may spur export demand, which is sluggish now,” said AP Murugan, director of Paprika Oleos (India), an exporting firm.
DHANIYA TRADING STRATEGY: Buy coriander dec above 6480 target 6500 6520 6540 sl 6420 Sell coriander dec below 6450 target 6430 6410 6380 sl 6510
The world of soybean shipping has turned upside down thanks to the ongoing U.S.-China trade war. Argentina, the No. 3 global soy grower, is making major purchases of U.S. supplies. A weekly measure of American shipments to the Latin American nation just rose to the highest in at least 35 years, U.S. government data showed Tuesday. With China shunning U.S. supplies, the Asian country is soaking up oilseeds from everywhere else. Argentina usually processes its beans at home before sending soy meal and oil abroad. Now, enticed by China’s voracious appetite and a changed domestic tax structure, the country is shipping more raw soy, with some analysts predicting exports could quadruple. In order to feed its domestic soy-crushing industry, Argentina is increasingly turning to imports, especially after a drought earlier this year hurt crops. Meanwhile, U.S. oilseed supplies have gotten relatively cheap. With China out of the market, demand for American beans has turned lackluster at a time when harvests are booming, signaling a surge in inventories. That’s good news for Argentine buyers. Raw sugar and arabica coffee futures on ICE fell on Tuesday, with both hitting more than five-week lows, pressured by weakness in the Brazilian currency and a broader downturn in commodity markets. The 19-market Thomson Reuters Core Commodity Index .TRCCRB touched its weakest level since December as oil plummeted six percent.
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Special Report 14-Nov-2018
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
72.5853 Yen
63.69
Euro
81.6110 GBP
93.4908
USD/INR TRADING STRATEGY: USD/INR BUY USD/INR FUTURE ABOVE 72.80 TARGET 72.9200 73.05 SL 72.65 SELL USD/INR BELOW 72.70 TAREGT 72.58 72.45 SL 72.85
GBP/INR TRADING STRATEGY: BUY GBP/INR ABOVE 94.1500 TARGET 94.25 94.38 SL 94 SELL GBP/INR BELOW 94.10 TARGET 93.88 93.75 SL 94.25
Indian rupee and bonds rose in early trade on Wednesday, boosted by a fall in global oil prices and on the central bank's announcement to buy bonds via open market purchases.The Indian rupee INR=D4 opened at 72.18 to the dollar, its strongest since Sept. 21 and compared with 72.6750 on Tuesday, while the 10-year benchmark bond yield IN071728G=CC fell to as much as 7.70 percent, its lowest since Aug. 2. The paper had ended at 7.76 percent on Tuesday. The Reserve Bank of India will buy 120 billion rupees ($1.65 billion) of government bonds on Thursday via open market operations. markets struggled to find their footing on Wednesday after plunging 7 percent in the previous session, with surging supply and the spectre of faltering demand keeping investors on the edge. O/R($1 = 72.6100 Indian rupees) The Indian rupee gained in the early trade on Wednesday as it opened 50 paise higher at 72.16 per dollar against previous close 72.67. It is trading at nearly 2 months high. It is appreciated to 72 for the first time since September 21.Yesterday the rupee ended 22 paise higher to close at 72.67 against US dollar on easing crude oil prices.US West Texas Intermediate (WTI) crude oil futures were at USD 55.66 per barrel, while brent crude oil was trading around USD 65 per barrel. It fell more than 7 percent the previous day. They have lost over a quarter of their value since early October in what has become one of the biggest declines since prices collapsed in 2014, reported Reuters.Rupee has been consolidating in a narrow range for the eight successive session and failed to witness any volatility despite better than expected inflation number. India's inflation rose 3.3% as compared to rise of 3.7% in the previous month. On the other hand IIP rose 4.5% in September as compared to growth of 4.3% in the previous month, said Motilal Oswal.In the past few sessions global crude oil prices have been under pressure following surge in supply and the spectre of faltering demand keeping investors on edge. After rallying for four consecutive sessions the dollar fell against its major crosses supporting the rupee on lower levels. For the day we expect volatility could continue to remain low for the rupee following no major economic data releases on the domestic front or from the US. Today, USD-INR pair is expected to quote in the range of 72.20 and 72.80, it added.
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Special Report 14-Nov-2018
Date
Commodity/ Currency Pairs
13/11/18
NCDEX DHANIYA
DEC
BUY
6540
13/11/18
NCDEX DHANIYA
DEC
Sell
13/11/18
NCDEX GUARGUM5
DEC
13/11/18
NCDEX GUARGUM5
13/11/18
Contract Strategy
Entry Level
Stop Loss
Remark
6570-6600
6480
NOT EXECUTED
6500
6470
6560
TARGET HIT
BUY
10200
10215-10225
10140
NOT EXECUTED
DEC
SELL
10090
10075-10060
10170
TARGET HIT
MCX GOLD
DEC
BUY
31192
31230-31335
30050
NOT EXECUTED
13/11/18
MCX GOLD
DEC
SELL
30990
30890-30800
31200
TARGET HIT
13/11/18
MCX SILVER
DEC
BUY
36970
37080-37150
36850
NOT EXECUTED
13/11/18
MCX SILVER
DEC
SELL
36825
36770-36700
36970
TARGET HIT
Entry Level
Target
Stop Loss
Remark
Target
Date
Scrip
CASH/ FUTURE/ Strategy OPTION
13/11/18
NIFTY
FUTURE
SELL
10510-10530
10475-1045010425
10560
SL TRIGGERD
13/11/18
TATA STEEL
FUTURE
BUY
580-590
585-592-598
570
TARGET HIT
13/11/18
REPCO HOMES
FUTURE
BUY
404
407-410-415
399
TARGET HIT
13/11/18
DCB BANK
CASH
SELL
153.156
148-143
162
SL TRIGGERED
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Special Report 14-Nov-2018
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS TIME (ET)
REPORT
PERIOD
ACTUAL
FORECAST
PREVIOUS
MONDAY, NOV. 12 Veterans Day TUESDAY, NOV. 13 6 am
NFIB small-business index
Oct.
2 pm
Federal budget
Oct.
107.9
WEDNESDAY, NOV. 14 8:30 am
Consumer price index
Oct.
0.1%
8:30 am
Core CPI
Oct.
0.1%
THURSDAY, NOV. 15 8:30 am
Weekly jobless claims
11/10
8:30 am
Retail sales
Oct.
0.1%
8:30 am
Retail sales ex-autos
Oct.
-0.1%
8:30 am
Philly Fed
Nov.
22.2
8:30 am
Empire state index
Nov.
21.1
8:30 am
Import price index
Oct.
0.5%
10 am
Business inventories
Sept.
0.5%
FRIDAY, NOV. 16 9:15 am
Industrial production
Oct.
0.3%
9:15 am
Capacity utilization
Oct.
78.1%
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