Special Report 22-Oct-2018
Global markets at a glance US stocks fell more than 1 percent on Thursday as the European Commission issued a warning regarding Italy's budget and concerns mounted over the possibility of strained relations between the United States and Saudi Arabia, further denting investors' appetite for risk amid global trade tensions and rising interest rates. The benchmark S&P 500 index closed just above its 200day moving average, a key indicator of long-term price trends. Stocks in Asia fell on Friday as global sentiment soured on issues ranging from trade worries, Italy's 2019 budget, higher U.S. interest rates and growth concerns in China that led to a slump in Chinese shares in the previous session. Early in the trading day, MSCI's broadest index of AsiaPacific shares outside Japan was 0.4 percent weaker following losses on Wall Street overnight. The Dow Jones Industrial Average fell 1.27 percent, the S&P 500 lost 1.44 percent and the Nasdaq Composite dropped 2.06 percent.Australian shares were down 0.6 percent, while Japan's Nikkei stock index was 1.7 percent lower. On Thursday, the flight to safe-haven assets partly offset a rise in U.S. Treasury yields sparked by worries about the pace of interest rate increases by the U.S. Federal Reserve. Early in Asia on Friday, the 10-year yield <US10YT=RR> was higher at 3.1767 percent, compared with a U.S. close of 3.175 percent on Thursday. PREVIOUS DAY ROUNDOFF The market is likely to take cues from the negative sentiment across the globe. Asian and US markets have shown downward trends, while the Nifty futures on Singaporean Exchange also hint at a lower opening. The market was in a bear trap on October 18 after consistent upmove in previous three consecutive trading sessions. The Nifty started the day with a 100-point rally but wiped out all gains in afternoon trade to close below the 10,500 levels and formed 'Bearish Engulfing' pattern on the daily candlestick charts.A Bearish Engulfing Pattern consists of two candles. The Nifty index opened gap up with 104 points gains at 10,688.70 to hit an intraday high of 10,710.15 but failed to hold its gains and corrected sharply in afternoon trade to hit day's low of 10,436.45. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[-33.30pts], Consumption[-37.35pts],PSE[-7.85pts],CPSE[12.00pts],Energy[-391.45pts],FMCG[221.90pts],Auto[144.45pts],Pharma[-36.10pts],IT[472.75pts],Metal[2.05pts],Realty[-1.55 pts], Fin Serv sector[-132.35pts].
World Indices Index
Value
% Change
DJI
25,444.34
0.26
S&P500
2,767.50
-0.17
NASDAQ FTSE100
7,444.03 7,049.80
-0.48
22,532.08 25,561.40
-0.56 0.42
NIKKEI HANG SENG
0.32
Top Gainers Company
CMP
Change
% Chg
289.45
3.00
1.05
HUL
1,578.40
16.40
1.05
Kotak Mahindra
1,198.95
22.95
1.95
HPCL
215.90
8.60
4.15
Wipro
323.15
0.00
0.00
CMP
Change
% Chg
653.80 217.90 2,140.50 2,712.75
-134.85 -14.00 -10.00 -94.80
-17.10 -6.04 -0.47 -3.38
283.55
-1.60
-0.56
ITC
Top Losers Company
Indiabulls Hsg Yes Bank Bajaj Finance Hero Motocorp BPCL
Stocks at 52 Weekâ&#x20AC;&#x2122;s HIGH Symbol
Prev. Close
Change
%Chg
8KMILES
114.15
-5.7
-4.99
GOLDBEES
2835.2
24.5
0.86
1000
0.01
0
8.7
0.4
4.6
1000
0.01
0
ICICILIQ JAINSTUDIO LIQUIDETF
Stocks at 52 Weekâ&#x20AC;&#x2122;s LOW Symbol
8KMILES ABGSHIP ABMINTLTD ADLABS AGCNET
Prev. Close
Change
%Chg
114.15 3.6 16 12.3 66.55
-5.7 0.1 0 -0.1 -6.25
-4.99 2.78 0 -0.81 -9.39
Indian Indices Company
CMP
Change
% Chg
NIFTY
10303.50
-149.50
-1.43
SENSEX
34315.63
-463.95
-1.33
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Special Report 22-Oct-2018
RECOMMENDATIONS [FUTURE] 1.UJJIVAN [FUTURE ] From its crucial support level of 224 the stock has got support and closed with a bullish doji candle which signifies that a chance of reversal can be found it may reach upto its next resistance level of 240 so we advice you to buy ujjivan future around 225-226 for the targets of 240-250 with stoploss below 220.
2.IRB [FUTURE] After consolidating between the range 135-120 the stock made closing candle below its support level of 120 which is clear indication of range breakout , so here sell on low would be good strategy to follow so we advice to sell irbfuture around 119-118 for the target of 115-110 with stoploss above 122.
STOCK RECOMMENDATION [CASH] BEL - [CASH] This stock has got resistance from its crucial resistance level of 89.25 and closed with two bearish candle which signifies that the bear run has not come to an end, it may reach upto the level of 77 which is its next support level so we advice you to sell bel at its current for the targets of 163-158 with stoploss above 171.
MACRO NEW Trends on SGX Nifty indicate a flat to negative opening for the broader index in India, a loss of 11.5 points or 0.11 percent. Nifty futures were trading around 10,313- level on the Singaporean Exchange. Oil prices were stable on Monday, supported by supply concerns ahead of the start of US sanctions against Iran’s crude exports, but held back by rising drilling activity in the United States. Front-month Brent crude oil futures were trading at $79.74 a barrel at 0042 GMT, 4 cents below their last close at the end of last week. US West Texas Intermediate (WTI) crude futures were at $69.07 a barrel, 5 cents below their last settlement. The continuing fall of the rupee has had its impact on foreign exchange reserves, which plunged by $5.143 billion to $394.465 billion during the week to October 12 on account of decline in foreign currency assets, according to the RBI data released on October 19.This is one of the steepest falls that forex kitty has seen in recent decades. In the previous week, the reserves had declined by $915.8 million to $399.609 billion. As the rupee has been plummeting, the RBI has sold over $40 billion of its reserves to prop it up since the beginning of the current fiscal. The rupee recovered early losses and finally settled 29 paise higher at 73.32 against the US dollar on October 19, amid a weakening greenback.
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Special Report 22-Oct-2018
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
NIFTY
CE
NIFTY
Persistent Systems Q2: Profit rises to Rs 88.14 crore versus Rs 87.35 crore; revenue increases to Rs 835.55 crore versus Rs 834.28 crore (QoQ).
Bhageria Industries Q2: Profit jumps to Rs 28.21 crore versus Rs 10.65 crore; revenue rises to Rs 126.62 crore versus Rs 91.76 crore (YoY)
9,23,920
SBI Life Insurance Q2: Profit rises 11 percent to Rs 250.53 crore versus Rs crore; new business premium increases 9 percent Rs 2,221.92 crore YoY.
LTP
Traded Volume (Contracts)
Open Interest
10,500
25
3,97,994
38,57,250
CE
10,400
54.2
3,62,591
26,75,475
BANKNIFTY
CE
25,500
110
2,94,984
RELIANCE
CE
1,100
20.5
16,633
16,80,000
RELIANCE
CE
1,120
12.1
14,290
RELIANCE
CE
1,140
7
13,824
14,02,000 NIFTY FUTURE 21,92,000
RELIANCE
CE
1,200
2.05
10,890
43,91,000
RELIANCE
CE
1,160
4.2
10,530
28,49,000
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST Symbol
Optio Strike n Price Type
NIFTY
2,83,500
LTP
Traded Volume (Contracts)
Open Interest
PE
10,300 88.45
3,43,144
20,46,600
NIFTY
PE
10,200
57.3
3,25,293
BANKNIFTY
PE
24,500 96.65
2,64,984
NIFTY
PE
10,000 22.35
2,58,191
RELIANCE
PE
1,080 11.95
10,327
RELIANCE
PE
1,060
6.8
9,275
RELIANCE
PE
1,100 19.45
8,274
RELIANCE
PE
1,040
6,706
26,66,325 Again the index got support at its previous support level 7,52,200 of 10280, in the previous week it bounced backed from this level but could not continue its upward movement 33,53,100 after 10599, here we can expect the same trend can be 9,54,000 found since a doji candle is made at the above specified 8,74,000 support level, so we advice you to buy nifty future around 10330-350 for the targets of 10400-450 with 11,31,000 stoploss below 10280. 10,22,000
4.35
FII DERIVATIVES STATISTICS BUY
SELL
No. of Contracts
Amount in Crores
INDEX FUTURES
50466
4294.41
55770
4732.33
INDEX OPTIONS
1229482
106409.57
1255331
STOCK FUTURES
321736
18912.79
STOCK OPTIONS
160892
10942.88
OPEN INTEREST AT THE END OF THE DAY
No. of Amount in No. of Contracts Crores Contracts
Amount in Crores
NET AMOUNT
284993
22255.05
-437.9134
108993.99
1033414
81939.79
-2584.4122
349764
20576.46
1342721
85032.65
-1663.6745
156947
10657.46
143029
9290.23
285.4198 -4400.5803
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
10441.00
10372.00
10310.00
10241.00
10179.00
BANKNIFTY
25449.00
25267.00
25094.00
24912.00
24739.00
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Special Report 22-Oct-2018
RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD DEC FUT ABOVE 31950 TGT 32000 32050 SL BELOW 31900 SELL GOLD DEC FUT BELOW 31850 TGT 31800 31750 SL ABOVE 31900
SILVER TRADING STRATEGY: BUY SILVER DEC FUT ABOVE 38830 TGT 38580 38650 SL BELOW 38780 SELL SILVER DEC FUT BELOW 38740 TGT 38700 38650 SL ABOVE 38800
COMMODITY ROUNDUP Oil slipped below $80 a barrel on Thursday as the fourth weekly increase in U.S. crude inventories suggested ample supply, while Saudi-U.S. tension and falling Iranian exports lent support. U.S. crude inventories rose 6.5 million barrels last week, the Energy Information Administration said on Wednesday, the fourth straight weekly increase and almost three times what analysts had forecast. EIA/S. Brent crude LCOc1 , the global benchmark, was down 50 cents at $79.55 a barrel at 0840 GMT. It has dropped over $7 from a 2014 high of $86.74 reached on Oct. 3. U.S. crude CLc1 was down 28 cents at $69.47. "Stocks are building," said Olivier Jakob, oil analyst at Petromatrix. "It's a continuous trend. Week after week, it does start to add up."Oil had been rising this week on concern about a decline in Iranian exports due to U.S. sanctions and tension between the United States and Saudi Arabia after the death of Saudi journalist Jamal Khashoggi.U.S. lawmakers pointed the finger at the Saudi leadership over the disappearance of the Saudi critic, suggesting sanctions could be possible. Saudi Arabia denies that it had any role in Khashoggi's disappearance. President Donald Trump on Wednesday gave Saudi Arabia the benefit of the doubt in the journalist's disappearance, suggesting the White House may not take additional action against Saudi Arabia. Gold prices fell by 0.19 per cent to Rs 31,806 per ten gram in futures trade Wednesday as participants trimmed their positions in line with weak global trend. At the Multi Commodity Exchange, gold for delivery in December declined by Rs 62, or 0.19 per cent, to Rs 31,806 per ten gram in a business turnover of 13,379 lots. The precious metal to be delivered in November contracts also fell by Rs 60, or 0.19 per cent, to quote at Rs 31,641 per ten gram with a business volume of 23,444 lots. Gold rallied by Rs 110 to Rs 31,460 per 10 gram at the bullion market today, tracking a firm trend overseas amid sustained buying by local jewellers. Silver also advanced by Rs 175 to Rs 39,375 per kg due to increased offtake by industrial units and coin makers. Traders said sentiment remained upbeat on the back of a firm trend overseas as the dollar eased amid fresh concerns of trade tensions between the US and China. In sync with gold, silver ready strengthened by Rs 175 to Rs 39,375 per kg and weekly-based delivery by Rs 205 to Rs 38,525 per kg. Silver coins however continued to trade at last level of Rs 74,000 for buying and Rs 75,000 for selling of 100 pieces.
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Special Report 22-Oct-2018
RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM OCT ABOVE 9940 TARGET 10000 10050 SL 9900 SELL GUARGUM OCT BELOW 9750 TARGET 9700 9650 SL 9800
NCDEX INDICES Index
Value
% Change
Barley Castor Seed Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT
1827.5 5172 4137 5570 1809.5 4543
0.66 2.38 0.95 3.26 1.34 3.2
Jeera
20250
1.07
4186 3302 6532
0.65 0.86 0.37
Mustardseed Soy Bean Turmeric
DHANIYA TRADING STRATEGY: BUY CORIANDER OCT ABOVE 5750 TARGET 5800 5850 SL 5700 SELL CORIANDER OCT BELOW 5600 TARGET 5550 5500 SL 5650
Turmeric prices were trading up by 0.46 per cent to Rs 6,526 per quintal in futures trade Wednesday as participants built up fresh positions, mainly driven by uptick in domestic and export demand in the spot market. Besides, limited arrivals from major producing regions fuelled the uptrend. At the National Commodity and Derivatives Exchange, turmeric for delivery in December month was trading higher by Rs 30, or 0.46 per cent, to Rs 6,526 per quintal with an open interest of 1,195 lots. Similarly, the spice for delivery in November month increased by Rs 18, or 0.28 per cent, to Rs 6,526 per quintal, in an open interest of 12,490 lots. Chana prices declined by 0.34 per cent to Rs 4,084 per quintal in futures market Wednesday as speculators booked profits amid ample stocks position at the spot market against low demand. At the National Commodity and Derivatives Exchange, chana for delivery in November fell by Rs 16, or 0.34 per cent, to Rs 4,084 per quintal with an open interest of 43,980 lots. Likewise, the commodity for delivery in December shed Rs 11, or 0.27 per cent to Rs 4,102 per quintal in 10,680 lots. Heavy rain in Kerala and parts of Karnataka in the past two months has damaged the arecanut crop. Growers are also expecting a sharp drop in production in the coming harvest as they struggle to cope with illegal imports into the country. â&#x20AC;&#x153;We expect 35 per cent shortfall in the crop. Rains have led to disease of the nuts,â&#x20AC;? said M Suresh Bhandary, MD of Mangalore-based Campco, which buys large quantities of nuts. Arecanut, a chief ingredient of pan masala, is mainly grown in Karnataka, Kerala and Assam. As per advance estimates of production by Directorate of Arecanut and Spices Development, output was 822,495 tonnes in 2017-18, a marginal rise from the previous year. Though area under the nut has remained stagnant, productivity has gone up in certain regions.
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Special Report 22-Oct-2018
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
73.4354 Yen
65.2700
Euro
84.1741 GBP
95.6525
USD/INR TRADING STRATEGY: BUY USDINR ABOVE 74.00 TGT 74.50/75.00 SL BELOW 73.50 SELL USDINR BELOW 73.50 TGT 73.00/72.50 SL ABOVE 74.00
GBP/INR TRADING STRATEGY: BUY GBPINR ABOVE 97.70 TGT 98.20/98.70 SL BELOW 97.20 SELL GBPINR BELOW 96.50 TGT 96.00/95.50 SL ABOVE 97.00
The dollar rallied to a one-week high against its rivals on Thursday as upbeat Fed minutes confirmed that policymakers are likely to raise interest rates a few more times until end-2019. While interest rate differentials haven't played a big role in the first half of the year in predicting currency trends as trade war concerns have dominated sentiment, that relationship has begun to exert its influence again in recent weeks. The gap between ten-year U.S. yields and its German counterparts has widened out to three-decade highs of 274 basis points and market watchers expect the spread to widen more in the coming months. The minutes from the Fed's Sept. 25-26 meeting showed every Fed policymaker backed raising interest rates and also generally agreed borrowing costs were set to rise further, despite U.S. President Donald Trump's view that the tightening have already gone too far. minutes confirm that policymakers are expected to raise rates more over the next year and that is helping the dollar gain and the risk off moves last night in Asian stocks is also another factor," said Richard Falkenhall, senior FX strategist at SEB in Stockholm.China's benchmark stock index . SSEC skidded to four-year lows, sapping appetite for risk taking with the euro EURCHF= down 0.1 percent against the perceived safe-haven Swiss Franc.Interest rate futures are now pricing in an 83 percent likelihood that the Fed raises rates in December, according to the CME Group's FedWatch Tool, the fourth hike this year. Two more increases are expected next year.Against a basket of its rivals =USD .DXY , the dollar gained for a third consecutive day, up 0.2 percent at 95.78. A semi-annual report by the U.S. Treasury report released overnight refrained from naming China directly as a currency manipulator though market watchers said Washington will closely monitor the Chinese currency's moves. Bank strategists termed the report "as a bit of an escalation without being too dramatic". The Chinese currency traded in the offshore market CNH=D3 was trading near a three-month low against the dollar at 6.9385 yuan per dollar. The euro EUR= changed hands at $1.1497 on Thursday, trading flat versus the greenback, after losing 0.65 percent on Wednesday.
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Special Report 22-Oct-2018
Date
Commodity/ Currency Pairs
19/10/18
NCDEX DHANIYA
SEP
19/10/18
NCDEX DHANIYA
19/10/18
Contract Strategy
Entry Level
Target
Stop Loss
Remark
BUY
5600
5650 5700
5550
TARGET HIT
SEP
SELL
5500
5550 5600
5450
SL TRIGGERED
NCDEX GUARGUM5
OCT
BUY
9580
9630 9680
9530
TARGET HIT
19/10/18
NCDEX GUARGUM5
OCT
SELL
9220
9170 9120
9270
NOT EXECUTED
19/10/18
MCX GOLD
OCT
BUY
31950
32000 32050
31900
TARGET HIT
19/10/18
MCX GOLD
OCT
SELL
31850
31800 31750
31900
NOT EXECUTED
19/10/18
MCX SILVER
SEP
BUY
39200
39250 39300
39150
NOT EXECUTED
19/10/18
MCX SILVER
SEP
SELL
38740
38700 38650
38800
SL TRIGGERED
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
Entry Level
Target
Stop Loss
Remark
19/10/18
NIFTY
FUTURE
BUY
10440-450
10530-570
10400
NOT EXECUTED
19/10/18
MANAPPURAM
FUTURE
SELL
71
69-66
74
TARGET HIT
19/10/18
ONGC
FUTURE
SELL
230-228
224-220
234
NOT EXECUTED
19/10/18
EDELWEISS
CASH
SELL
167.80
163-158
171
TARGET HIT
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Special Report 22-Oct-2018
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS TIME (ET)
REPORT
PERIOD
ACTUAL
FORECAST
PREVIOUS
MONDAY, OCT. 15 8:30 am
Retail sales
Sept.
0.1%
8:30 am 8:30 am
Empire State index
Oct.
19.0
10 am
Business inventories
Aug.
0.6%
TUESDAY, OCT. 16 9:15 am
Industrial production
Sept.
0.4%
9:15 am
Capacity utilization
Sept.
78.1%
10 am 10 am
Home builders' index
Oct.
67
WEDNESDA Y, OCT. 17
WEDNESDAY, OCT. 17
WEDNESD AY, OCT. 17
8:30 am
Housing starts
Sept.
1.28 mln
8:30 am
Building permits
Sept.
1.25 mln
WEDNESDAY, OCT. 17
WEDNESDAY, OCT. 17
WEDNESDA Y, OCT. 17
2 pm THURSDAY, OCT. 18
THURSDAY, OCT. 18
THURSDA THURSDAY, OCT. 18 Disclaimer Y, OCT. 18
THURSDAY, OCT. 18
THURSDAY, OCT. 18
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