Special report-23-august-epic-research-2018

Page 1

Special Report 23-Aug-2018

Global markets at a glance US stocks were mixed on Wednesday, with the Nasdaq gaining on the strength of tech stocks while the S&P 500 was little changed as it marked its longest bull-market run. The legal woes of two former advisers to US President Donald Trump contributed to investors' caution, while the release of the Federal Open Market Committee's minutes from its last policy meeting had only a fleeting impact on Wall Street's major indexes. U.S. central bankers discussed raising interest rates soon to counter excessive economic strength but also examined how global trade disputes could batter businesses and households.Asian shares started cautiously on Thursday as a deadline loomed for fresh US tariffs on China and amid speculation US President Donald Trump's political position could be threatened by the legal woes of two former advisers. US and Chinese officials met for the first time in over two months to find a way out of their deepening trade conflict, but there was no evidence the low-level discussions would halt a new round of US tariffs due Thursday. The benchmark S&P 500 touched a record high on Tuesday and equalled its longest-ever bull-market run, buoyed by strong earnings reports in the consumer sector and relative calm in the trade dispute between the United States and China. The Nifty50 after opening higher extended its rally and hit a fresh intraday record high in early trade on August 21, but immediately cooled off to remain in the range of 42 points for rest of the session before ending the day at a record closing high.The index formed a bearish candle on an intraday basis on daily candlestick charts as the closing value was lower than what it opened at. The pattern formed by Nifty was more like Hanging Man and Dragonfly Doji on the daily charts.The Nifty50 opened the session at 11,576.20 and closed at 11,570.90 with gain of 19.10 points from its previous closing level of 11,551.75. The index gained to hit an intraday all-time of 11,581.75 which made a small upper shadow while it slipped to an intraday low of 11,539.60 which resulted in long lower shadow.India VIX fell by 1.36 percent to 12.85 levels and overall lower volatility suggests a tight grip of the bulls in the market. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[21.35pts], Consumption[-9.3pts],PSE[10.3pts],CPSE[15.50pts],Energy [102.15pts],FMCG[ -73pts],Auto[-18.65pts],Pharma [151.35pts],IT[138.55pts],Metal[-11.95pts],Realty[-5 pts], Fin Serv sector[21.9pts].

World Indices Index

Value

% Change

DJI

25733.60

-0.34

S&P500

2,861.82

-0.40

NASDAQ FTSE100

7,889.10 7,574.24

+0.38

22,414.98 27,727.06

+0.23 -0.72

NIKKEI HANG SENG

+0.11

Top Gainers Company

CMP

Change

% Chg

UPL

646.20

27.3

4.41

Tech Mahindra

709.40

21.45

3.12

Coal India

291.40

7.35

2.59

1,065.40

25.55

2.46

888.60

19.35

2.23

Grasim Lupin

Top Losers Company

CMP

Change

% Chg

Tata Steel

582.15

-17.25

-2.88

BPCL

368.75

-7.2

-1.92

HUL

1752.5

-24.5

-1.38

Vedanta

218.85

-3

-1.35

957.8

-11.75

-1.21

M&M

Stocks at 52 Week’s HIGH Symbol

Prev. Close

Change

%Chg

80.8

67.65

9.85

41.85

40.1

1.1

AMARAJABAT

908.45

891.8

-27.4

AXISBANK

638.25

624.4

12.1

30.1

28.7

1.4

AFL ALMONDZ

BALAXI

Stocks at 52 Week’s LOW Symbol

Prev. Close

Change

%Chg

ABGSHIP

4.75

0.2

4.21

AMTEKAUTO

6.65

-0.3

-4.51

BALAJITELE

107.6

-0.15

-0.14

104.45

-1.6

-1.53

1.5

-0.1

-6.67

BYKE CASTEXTECH

Indian Indices Company

CMP

Change

% Chg

NIFTY

11570.90

19.15

0.17

SENSEX

38285.15

7.00

0.02

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Special Report 23-Aug-2018

RECOMMENDATIONS [FUTURE] 1.KTKBANK [FUTURE ] Stock is in strong consolidation phase on daily chart with average volumes. It has multiple resistance on daily chart around 128 levels and 200 SMA is also the hurdle on daily chart. We recommend to sell around 128-129 level for the target of 125 with the stop loss of above 131.

STOCK RECOMMENDATION [CASH] CESC - [CASH] Stock has performed exceptionally well today with huge volumes on daily chart. It gave closing above the 200 EMA & SMA on daily chart with volume breakout. We recommend to buy around 1000 for the target of 1020 with the stop loss of 980.

MACRO NEW 2.KSCL [FUTURE] Stock has given breakout of consolidation and trading near to swing high on daily chart. It should continue bullish rally in upcoming session. The CCI and RSI are showing strength on daily chart. We recommend to buy around 632 for the target of 650 with the stop loss of 628.

HCL CEO earned Rs 33.13 crore in FY17-18, tech giant has many more crorepati employees ,Vijayakumar, who took over as CEO from Anant Gupta in October 2016, was paid Rs 7.06 crore in 2016-17. In effect, this is his first full year salary as CEO. Private equity and venture capital firms are opening up their investment kitty to fund a new wave of companies in the insurance sector, particularly those in the digital insurance space. Banks in Kerala have decided to reschedule loans and to not levy service charges and fees for issuing new cheque books to customers affected by the floods that has left a trail of destruction. The state Level Bankers Committee, Kerala, at its emergency meet yesterday also decided to announce a moratorium on education loan for a period of six months and all other loans for one year besides rescheduling the loan repayments for five years. Bharat Forge (BFL), a leading auto ancillary metal forging company having a transcontinental presence, has posted a strong set of numbers for the first quarter of FY19. The company posted a significant growth in revenue riding on its performance in the export and domestic market.

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Special Report 23-Aug-2018

STOCKS IN NEWS

MOST ACTIVE CALL OPTION Symbol

Optio Strike n Price Type

LTP

Traded Volume (Contracts)

Open Interest

BANKNIFTY

CE

28,300

81

4,10,903

5,93,600

BANKNIFTY

CE

28,600

6.7

2,11,603

6,42,120

NIFTY

CE

11,600

63.6

1,63,058

34,14,000

NIFTY

CE

11,700

24.3

1,24,103

28,64,700

RELIANCE

CE

1,260

12

11,266

16,92,000

TATAMOTORS CE

280

2.05

10,311

66,30,000

1240 20.95

10,012

16,65,000

9,714

29,57,007

RELIANCE

CE

TATASTEEL

CE

600

7.05

MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST Symbol

Optio Strike n Price Type

LTP

Traded Volume (Contracts)

BANKNIFTY

PE 28200

60.4 3,53,913

NIFTY

PE 11500

42.2 1,81,822

BANKNIFTY

PE 28300 100.6 1,68,233

BANKNIFTY

PE 27800

6.6 1,20,880

BANKNIFTY

PE 27700

4.9 1,06,246

TATAMOTORS

PE

270

6.25 6826

RELIANCE

PE

1220

8 6643

RELIANCE

PE

1240

14.3 6520

CreditAccess Grameen shares to list on Thursday

Lupin receives tentative FDA approval for generic Nudovra Tablets

Suven Life Sciences secures product & process patents in Canada and USA

NIFTY FUTURE

2,83,500 Open Interest

5,45,800 Nifty hit again all time high of 11592 but in last trading 42,15,900 session the range was too narrow which is showing indecision in market at all time high. Technically it is 2,76,360 moving in rising wedge pattern where RSI also in over 5,37,400 bought region while if we see candle stick on daily chat it 3,90,800 is similar to hanging man pattern so trade with strict stop loss since the trend is positive but according to 13,99,500 pattern here we can see 120 points fall from the 11620 15,00,000 so sell Nifty near these level with stop loss of 11700 for 10,92,000 the target of 11530.

FII DERIVATIVES STATISTICS BUY

SELL

No. of Contracts

Amount in Crores

INDEX FUTURES

17655

1666.60

22176

2034.64

INDEX OPTIONS

695071

72012.40

691797

STOCK FUTURES

186274

13074.50

STOCK OPTIONS

125580

9586.36

OPEN INTEREST AT THE END OF THE DAY

No. of Amount in No. of Contracts Crores Contracts

Amount in Crores

NET AMOUNT

358111

31622.15

-368.0411

71648.14

793295

71737.97

364.2555

185800

13173.96

1157351

87980.17

-99.4606

125338

9515.00

147485

11395.39

71.3572 -31.889

INDICES

R2

R1

PIVOT

S1

S2

NIFTY

11616.00

11601.00

11577.00

11562.00

11538.00

BANKNIFTY

28447.00

28363.00

28276.00

28192.00

28105.00

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Special Report 23-Aug-2018

RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD ABOVE 29800 TGT 29900 31100 SL BELOW 29700 SELL GOLD BELOW 29600 TGT 29500 29300 SL ABOVE 29700

SILVER TRADING STRATEGY: BUY SILVER ABOVE 37000 TGT 37200 37500 SL BELOW 36800 SELL SILVER BELOW 36600 TGT 36400 36100 SL ABOVE 36800

COMMODITY ROUNDUP Gold prices eased on Wednesday after touching a one-week high earlier in the day, as the dollar recovered some ground lost to U.S. President Donald Trump's criticism of the Federal Reserve's interest rate hikes. Minutes from the Fed's July 31-Aug. 1 policy meeting are expected later on Wednesday, which investors will study for clues on further rate hikes in the United States. Spot gold XAU= fell 0.2 percent to $1,192.93 an ounce at 0715 GMT, after earlier hitting $1,197.66, its highest level since Aug. 14. U.S. gold futures GCcv1 were largely unchanged at $1,200 an ounce. The dollar index against a basket of six major currencies .DXY was marginally higher at 95.284, after having fallen to a nearly two-week low of 95.08 in the previous session. USD/ "It appears, for now at least, gold has reached a trough, and will gradually strengthen," said John Sharma, an economist at National Australia Bank. "The recent comments by President Trump attacking the Fed's policy of raising rates would only benefit gold. Not adopting a tighter monetary stance might rekindle inflationary pressures, which should boost gold." Trump's reiteration on Monday of displeasure with rising interest rates had weighed on the dollar, ahead of the Fed's minutes and its annual economic symposium at Jackson Hole, Wyoming that will begin Friday. is highly sensitive to rising U.S. interest rates as it increases the opportunity cost of holding non-yielding metal while boosting the dollar, in which it is priced.A weaker dollar has helped the precious metal recover from a more than 1-1/2-year low hit last week, after prices slipped below the key psychological level of $1,200. Gold has come under pressure this year, sliding more than 12 percent since hitting a high of $1,365.23 in April amid U.S. interest rate hikes and a soaring dollar. Markets also looked ahead to trade talks between Chinese and U.S. officials expected to begin later on Wednesday in Washington.Meanwhile, liquidations continued at SPDR Gold Trust GLD , the world's largest gold-backed exchangetraded fund. Holdings have fallen about 3.4 million ounces from a peak in late April. GOL/ETF "Investors seem to have lost all flair for gold ... it's going to take quite a significant shift in the dynamics to reverse the outflows that has been building for sometime," said Sydney-based ANZ analyst Daniel Hynes. Spot silver XAG= was down 0.2 percent at $14.72 an ounce. Platinum XPT= fell 0.3 percent to $790.30, after touching a one-week high of $803.10. Palladium XPD= slipped 0.3 percent to $913.75. .

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Special Report 23-Aug-2018

RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM OCT ABOVE 9740 TARGET 9790 9840 SL 9690 SELL GUARGUM OCT BELOW 9620 TARGET 9570 9520 SL 9670

NCDEX INDICES Index

Value

% Change

Barley Castor Seed Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT

1636 4711 4267 4988 1821 4522

-0.37 -0.13 -1.55 0.63 -1.01 -2.09

20340

-0.25

4157 3324 7034

-0.22 -0.78 -0.62

Jeera Mustardseed Soy Bean Turmeric

DHANIYA TRADING STRATEGY: BUY CORIANDER SEP ABOVE 5030 TARGET 5080 5130 SL 4980 SELL CORIANDER SEP BELOW 4968 TARGET 4918 4868 SL 5018

Farmers are still unaware of the details of the Pradhan Mantri Fasal Bhima Yojana (PMFBY) even as the government and insurers are trying to increasing the penetration in the non-loanee segment, said a climate risk management firm WRMS. However in many states, high satisfaction has been seen among the enrolled farmers and reasons for the same were proper implementation in terms of assistance to farmers and involvement of insurance company and high percentage of insured farmers receiving .White sugar futures fell on Tuesday to a fresh 10year low on light speculative selling due to excess global supplies, while raw sugar and arabica coffee hovered near lows touched a day earlier. SUGAR October white sugar LSUc1 was down $0.30, or 0.1 percent, at $303.40 a tonne by 1106 GMT, after earlier touching $300.50, its weakest since September 2008. Dealers said the previous day's slump had weakened the technical structure and encouraged further speculative selling, although traded volumes were thin. Focus also remained on excess supplies from the European Union and India."To top it all, continuing rainfall in India may even see the already high production expectations exceeded," Commerzbank (DE:CBKG) said in a note. "The weak Indian rupee, which slumped last week to a new all-time low amid the Turkish crisis, is also pressuring the sugar price." October raw sugar SBc1 rose 0.01 cent, or 0.1 percent, to 10.10 cents per lb, but remained near the prior session's low of 9.98 cents.Chinese rubber futures rallied nearly 7 percent on Tuesday as investors bet on tighter supplies following reports of floods in India's southern rubberproducing region of Kerala.The most-active rubber contract on the Shanghai futures exchange for January delivery SNRv1 rose 825 yuan ($120.02) to finish at 12,650 yuan per tonne.

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Special Report 23-Aug-2018

RBI Reference Rate Currency

Rate Currency

Rate

Rupee- $

69.6668 Yen

63.30

Euro

80.2478 GBP

89.3997

USD/INR TRADING STRATEGY: BUY USDINR ABOVE 70 TGT 70.20/70.45 SL BELOW 69.85 SELL USDINR BELOW 69.80 TGT 69.60/69.35 SL ABOVE 69.97

GBP/INR TRADING STRATEGY: BUY GBPINR ABOVE 89.80 TGT 90/90.30 SL BELOW 89.60 SELL GBPINR BELOW 89.55 TGT 89.35/89.10 SL ABOVE 89.75

The euro on Wednesday snapped a four-day rally that had lifted it to a two-week high as markets awaited news of U.S.-China trade talks and Federal Reserve minutes. The dollar steadied, after falling sharply this week when U.S. President Donald Trump criticised the Fed's interest rate increases. Minutes of the Fed's last meeting are expected to confirm it is on course to raise rates twice more this year. "Everybody would be surprised if there is anything to dig up in the minutes. It looks smooth for the Fed to hike in September and then in December. There has been no indication that the Fed is hesitating," said Niels Christensen, an analyst at Nordea. Analysts said growing U.S. political uncertainty, reinforced by the criminal convictions of two of Trump's ex-advisors, would keep the dollar under pressure, despite the United States embarking on greater monetary tightening than elsewhere. currency market reaction to the news was limited, however. The euro slipped 0.1 percent to $1.1563 EUR= off two-week highs. That was still more than two cents off 14-month lows hit last week on fears of contagion from a currency crisis in Turkey and renewed worries about Italian political turbulence. Most Asian currencies traded sideways on Wednesday as investors shied from taking positions ahead of Sino-U.S. trade talks later in the day.Holidays in the region also kept volumes low. The Indian, Indonesian, Malaysian and Singapore markets were closed.Lower-level talks between the United States and China expected to begin later in the day in Washington had prompted some risk appetite to creep back into the region as hopes for easing trade tensions rose.Investors had pulled out of the dollar as risk appetite for Asia increased. The greenback was further pressured by U.S. President Donald Trump's criticism of Federal Reserve rate hikes, and was subdued for the day. USD/Investors also awaited minutes of the Fed's July 31Aug. 1 policy meeting, due at 1800 GMT.China's yuan CNY=CFXS firmed about 0.1 percent versus the dollar and was on track to gain for a fifth straight session.The currency has been underpinned by a dip in the dollar for the past few sessions, as well as a stronger daily mid-point fixing from the People's Bank of China. The Thai baht THB=TH edged lower to break a four-session run of gains following disappointing July export data.

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Special Report 23-Aug-2018

Date

Commodity/ Currency Pairs

21/08/18

NCDEX DHANIYA

SEP

21/08/18

NCDEX DHANIYA

21/08/18

Contract Strategy

Entry Level

Target

Stop Loss

Remark

BUY

4970

5020-5070

4930

TARGET HIT

SEP

SELL

4950

4900-4850

5000

OPEN

NCDEX GUARGUM5

OCT

BUY

9820

9870-9920

9770

NOT EXECUTED

21/08/18

NCDEX GUARGUM5

OCT

SELL

9725

9675-9625

9775

TARGET HIT

21/08/18

MCX GOLD

OCT

BUY

29500

29600-29800

29400

TARGET HIT

21/08/18

MCX GOLD

OCT

SELL

29400

29300-29100

29500

NOT EXECUTED

21/08/18

MCX SILVER

SEP

BUY

36900

37100-37400

36700

TARGET HIT

21/08/18

MCX SILVER

SEP

SELL

36700

36500-36300

39900

NOT EXECUTED

Date

Scrip

CASH/ FUTURE/ OPTION

Strategy

Entry Level

Target

Stop Loss

Remark

21/08/18

NIFTY

FUTURE

BUY

11520-11530

11580

11480

TARGET HIT

21/08/18

UJJIVAN

FUTURE

BUY

359-360

365-370

355

TARGET HIT

21/08/18

HINDALCO

FUTURE

BUY

230.50-231

234-238

227

SL TRIGGERED

21/08/18

DELTACORP

CASH

BUY

265

270

262

TARGET HIT

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Special Report 23-Aug-2018

NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS TIME (ET)

REPORT

PERIOD

ACTUAL

FORECAST

PREVIOUS

WEDNESDAY, AUG. 22

WEDNESDA Y, AUG. 22

MONDAY, AUG. 20 None scheduled TUESDAY, AUG. 21 None scheduled WEDNESDA Y, AUG. 22

WEDNESD WEDNESDAY, AUG. AY, AUG. 22 22

WEDNESDAY, AUG. 22

WEDNESDAY, AUG. 22

2 pm

FOMC minutes

7/31-8/1

THURSDAY, AUG. 23 9:45 am

Markit manufacturing PMI (flash)

Aug.

--

55.3

9:45 am

Markit services PMI (flash)

Aug.

--

56.0

10 am

New home sales

July

641,000

631,000

--

0.7%

FRIDAY, AUG. 24 8:30 am

Core capital goods orders

10 am

Jerome Powell speaks

July Disclaimer

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