Special Report 25-Oct-2018
Global markets at a glance US stocks fell on Tuesday after worries about the earnings outlook added to recent selling pressure, though major indexes ended well off the day's lows as investors snapped up beaten-down shares late in the session. Shares of Caterpillar tumbled 7.6 percent after the heavyequipment maker maintained its 2018 earnings forecast, following forecast increases in the previous two quarters. 3M Co slid 4.4 percent after cutting its full-year profit outlook due to foreign currency-related challenges. That reignited worries over the impact of rising borrowing costs, wages and tariffs on corporate profits and caused S&P industrial stocks to slide 1.6 percent. Along with worries over profit growth, concerns over the upcoming U.S. mid-term elections and Italy's budget have also sent investors scrambling out of stocks. The S&P 500 energy index fell 2.7 percent, the most of any sector, as oil prices plunged after Saudi Arabia said it could supply more crude quickly if needed. Investors trimmed most of the losses in afternoon trading as some thought the losses were overdone. Technical buying at support levels around 2,700 on the S&P 500 also helped stocks to bounce back, strategists said. Asian shares dived on Thursday as hundreds of billions of dollars haemorrhaged from global markets after a rout in tech stocks inflicted the largest daily decline on Wall Street since 2011, wiping out all its gains for the year. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.7 percent. Japan's Nikkei slumped more than 3 percent to hit a six-month trough and Australian shares skidded about 2 percent to a more than one-year low. Tokyo's Topix index tumbled 3 percent, evaporating $155 billion in market value in the first 15 minutes of trading. PREVIOUS DAY ROUNDOFF Bulls managed to take charge at Dalal Street after intraday tussle with bears on Wednesday. The Nifty50 after strong gap up opening traded volatile as the day progressed, followed by marginal correction in afternoon. However, it managed to recoup losses in late trade. The index closed volatile session sharply higher ahead of expiry of October derivative contracts tomorrow, and formed small bearish candle, which resembles a 'Hammer' like pattern on the daily charts. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[-39.00pts], Consumption[-43.15pts],PSE[8.60pts],CPSE[ 0.40pts],Energy[-49.70pts],FMCG[-316.95pts],Auto[51.30pts],Pharma[-278.40pts],IT[-406.70pts],Metal[26.90pts],Realty[0.35 pts], Fin Serv sector[-14.35pts].
World Indices Index
Value
% Change
DJI
24,583.42
-2.41
S&P500
2,656.10
-3.09
NASDAQ FTSE100
6,689.15 6,962.98
-4.63
+0.11
21,419.62 24,780.05
-3.14 -1.90
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
2,311.80
228.45
10.97
Bharti Airtel
315.85
29.95
10.48
HPCL
232.75
14.85
6.82
IOC
137.55
7.55
5.81
Hindalco
229.85
10.35
4.72
CMP
Change
% Chg
204.00 2,475.15 809.00 2,434.30
-9.20 -111.35 -16.95 -39.45
-4.32 -4.31 -2.05 -1.59
314.15
-4.85
-1.52
Bajaj Finance
Top Losers Company
Yes Bank Bajaj Auto Grasim Dr Reddys Labs Adani Ports
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
0.3
0.05
16.67
999.99
0
0
9.55
0.45
4.71
KSB
731.5
-21.5
-2.94
LIQUIDETF
1000
0
0
BLUECHIP ICICILIQ JAINSTUDIO
Stocks at 52 Week’s LOW Symbol
3IINFOTECH 5PAISA 8KMILES AAVAS ABCAPITAL
Prev. Close
Change
%Chg
3.25 186.3 103.05 678.4 100.05
-0.05 -7.35 -5.15 -47.35 -3.05
-1.54 -3.95 -5 -6.98 -3.05
Indian Indices Company
CMP
Change
% Chg
NIFTY
10224.80
78.00
0.77
SENSEX
34033.96
186.73
0.55
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Special Report 25-Oct-2018
RECOMMENDATIONS [FUTURE] 1.GSFC [FUTURE ] After consolidating between the range 96-94 the stock closed with a indecision candle due to excess volatility in the market the stock reversed from its resistance and support level and maintained a range bound movement. As per the stockhastic momentum indicator it is making higher low day by day. 96.80 is only resistance level which is acting as a hurdle so we advice you to buy around 97-97.50 for the targets of 100-104 with stoploss below 95.
2.CENTURYPLY [FUTURE] In the yesterday trading session the stock touched its crucial support level of 166 but due to market volatility it closed with a bullish doji candle above it. From here we can get an clear sign of reversal (spinning top candle) so it would be better to follow buy on dip strategy around 172-173 for the targets of 175-178 with stoploss below 170.
STOCK RECOMMENDATION [CASH] RELINFRA - [CASH] A range bound movement can be seen in this counter between 310-343, as per the intraday movement it closed around its crucial resistance level of 343 and as per the hourly chart the stockhastic movment indicator is showing a overbought condition so a little correction can be seen in the morning trading session for a high volume breakout so the traders need to wait for the stock to reverse from its nearest support level around 330 so it better to buy around 327-330 for the targets of 340-355 with stoploss below 320.
MACRO NEW Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 97 points or 0.95 percent. Nifty futures were trading around 10,140level on the Singaporean Exchange. Oil prices fell by around one percent on Thursday, coming under pressure from sharp selloffs in global stock markets, with US stocks posting the biggest daily decline since 2011 to wipe out the year’s gains.Frontmonth Brent crude oil futures were at $75.42 a barrel at 0043 GMT, 75 cents, or 1 percent, below their last close. US West Texas Intermediate (WTI) crude futures were at $66.23 a barrel, 59 cents, or 0.9 percent, below their last settlement. The Reserve Bank will infuse liquidity into the market by purchasing government bonds of around Rs 12,000 crore in an auction on October 25. "Based on an assessment of prevailing liquidity conditions and also of the durable liquidity needs going forward, the Reserve Bank has decided to conduct purchase of the government securities under Open Market Operations for an aggregate amount of Rs 120 billion on October 25, 2018," RBI said in a release.
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Special Report 25-Oct-2018
STOCKS IN NEWS
MOST ACTIVE CALL OPTION
Ambuja Cements Q3: Profit falls 34.4 percent to Rs 178.6 crore versus Rs 272.4 crore; revenue rises 12.6 percent to Rs 2,613.9 crore versus Rs 2,321.8 crore YoY.
6,37,273
31,64,550 21,12,300
24
5,19,070
13,72,640
Bajaj Corp Q2: Profit rises to Rs 51.65 crore versus Rs 50.71 crore; revenue increases to Rs 212.72 crore versus Rs 204.13 crore YoY.
1,060
4.7
20,271
16,52,000
CE
1,080
1.15
17,738
20,91,000
BAJFINANCE
CE
2,300 40.15
14,557
6,77,000
RELIANCE
CE
1,100
0.55
11,690
32,56,000
BAJFINANCE
CE
2,250
76
8,626
1,43,000
Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
NIFTY
CE
10,300
20
6,80,735
NIFTY
CE
10,200
68
BANKNIFTY
CE
25,500
RELIANCE
CE
RELIANCE
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST
Open Interest
NIFTY FUTURE
2,83,500
Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
PE
10,100
11.5
5,85,381
26,47,125
NIFTY
PE
10,200
31.5
5,38,761
NIFTY
PE
10,000
4
5,38,495
RELIANCE
PE
1,040
4.5
15,245
RELIANCE
PE
1,020
1.55
10,101
RELIANCE
PE
1,060
14
7,309
BAJFINANCE
PE
2,100
3
7,004
BAJFINANCE
PE
2,200
7.1
6,959
The Nifty on Wednesday reversed its four-day losing 28,98,675 streak to form a ‘Hanging Man’ candle on the daily chart. 43,44,300 Yesterday's pattern, which followed the previous indecisive Doji formation, suggests that bulls are 10,63,000 determined to make a comeback. Till the index makes 10,60,000 some decisive move on the upside, it remains vulnerable 5,18,000 to selling pressure on every rise,so we advice you to buy nifty future around 10270-280 for the targets of 103305,31,000 400 with stoploss below 10220. 4,39,500
FII DERIVATIVES STATISTICS BUY
SELL
No. of Contracts
Amount in Crores
INDEX FUTURES
156674
12148.10
163404
12725.48
INDEX OPTIONS
1385301
120978.32
1379579
STOCK FUTURES
681370
41053.90
STOCK OPTIONS
100438
6968.88
OPEN INTEREST AT THE END OF THE DAY
No. of Amount in No. of Contracts Crores Contracts
Amount in Crores
NET AMOUNT
322397
24851.24
-577.381
120436.48
1055944
83060.92
541.8334
681243
41244.79
1396041
87419.57
-190.8887
101097
7014.85
138826
8824.14
-45.9769 -272.4132
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
10377.00
10300.00
10213.00
10136.00
10049.00
BANKNIFTY
25603.00
25333.00
25086.00
24816.00
24569.00
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Special Report 25-Oct-2018
RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD DEC FUT ABOVE 32030 TGT 32080 32120 SL BELOW 31990 SELL GOLD DEC FUT BELOW 31750 TGT 31700 31650 SL ABOVE 31800
SILVER TRADING STRATEGY: BUY SILVER DEC FUT ABOVE 39150 TGT 39200 39250 SL BELOW 39100 SELL SILVER DEC FUT BELOW 38650 TGT 38600 38550 SL ABOVE 38700
COMMODITY ROUNDUP COMEX Gold saw some profit selling after hitting near three month top as investors remained skeptical about the direction for global equities. Gold has roared back to life after breaking above $1200 per ounce levels as the stressed sentiments in global economy and markets are benefiting the metal. The commodity currently trades at $1231.40 per ounce, down 0.15% on the day. MCX Gold futures are trading at Rs 31871 per 10 grams, down 0.60% as losses accentuated following a recovery in Indian Rupee. The INR hit highs around 73 per US dollar today. Meanwhile, Caterpillar, the leading global heavy equipment maker across industries reported healthy profits yesterday but warned about rising manufacturing costs. Most end markets continue to improve. Order rates and backlog remain healthy. In the fourth quarter, price realization, operational excellence and cost discipline are expected to more than offset higher material and freight costs, including tariffs, the company noted in its third quarter earnings release. The company’s operating profit for the third quarter of 2018 was $ 2.135 billion, compared to $1.509 billion in the third quarter of 2017. The increase of $626 million was mostly due to higher sales volume and favorable price realization. Manufacturing costs were higher due to increased material and freight costs, the company noted. Material costs were higher primarily due to increases in steel prices and tariffs. Freight costs were unfavorable primarily due to supply chain inefficiencies as the industry continues to respond to strong global demand. COMEX Copper futures edged up but failed to extend gains. Global sentiments mostly remained stressed as worries about US corporate earnings and broad concerns over Middle East stayed in place. Falling inventories on the LME continue to offer excellent support to the metal though the recent price action has been mostly sideways. The metal currently trades at $2.75 per pound, up 0.20% on the day after hitting an intraday high of $2.80 per pound. MCX Copper futures are trading at Rs 447.40 per kg, down 0.39% on the day as a break under Rs 450 levels triggered hefty selling in late afternoon trades.National Stock Exchange of India (NSE) has got permission from market regulator Securities and Exchange Board of India (Sebi) to launch copper large futures contract with a trading unit 25 metric ton (MT). In the international commodity markets, the 25 MT copper futures contract is one of the highest traded contracts and is considered as the global benchmark corporates, refiners and various users in the value chain.
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Special Report 25-Oct-2018
RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM OCT ABOVE 10300 TARGET 10350 10400 SL 10250 SELL GUARGUM OCT BELOW 10120 TARGET 10970 10920 SL 10170
NCDEX INDICES Index
Value
% Change
Barley Castor Seed Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT
1885 5372 4012 5617 1849 4645
-0.4 -0.07 -2.86 -0.44 1.51 -0.46
19780
-0.75
4218 3261 6622
0.38 0.49 0.33
Jeera Mustardseed Soy Bean Turmeric
DHANIYA TRADING STRATEGY: BUY CORIANDER OCT ABOVE 5720 TARGET 5770 5820 SL 5680 SELL CORIANDER OCT BELOW 5600 TARGET 5550 5500 SL 5650
Heavy selling was seen in chana and wheat market due to fragile demand by millers at higher levels along with stock liquidation by government agencies. In today's trading both Chana and wheat futures hammered by more than 2 percent. The market sources added that heavy stock selling by NAFED to cater domestic festival demand has maintained adequate supplies in local mandies. On the other side, selling was also emerged in guraseed counter as traders have reported some profit taking in guar market. The sources have estimated 60 thousand bags of daily arrivals of guar seed. The daily arrivals are likely to increase in the coming days. The NCDEX Guarseed November futures declined by 0.40 percent today. Sharp selling was seen in across all agri commodities on the back of strong kharif supplies in local mandies coupled with limited demand at current levels. All the major counters such as spices and oilseeds complex settled with losses.The NCDEX Chana futures settled in red as prices were guided by heavy stock liquidation by NAFED in local mandies. The daily arrivals were reported at 20 motors today in Delhi. On the other side, selling was seen in oilseeds market as prices declined today due to bearish nodes from international market along with sowing trend of Soyabean crop so far in the current year. Soyabean market has reported 11 lakh bags of arrivals today , around 6 lakh bags higher from last day. Weakness was seen in Jeera market due to fragile export at elevated levels. The NCDEX November futures declined by 0.40% today. The prices have declined by almost 6% from peak. While limited trading was seen in turmeric market as prices were hovering around last close to settle with marginal losses.
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Special Report 25-Oct-2018
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
73.2645 Yen
65.1300
Euro
83.9934 GBP
95.0529
USD/INR TRADING STRATEGY: BUY USDINR ABOVE 74.00 TGT 74.50/75.00 SL BELOW 73.50 SELL USDINR BELOW 73.00 TGT 72.50/72.00 SL ABOVE 73.50
GBP/INR TRADING STRATEGY: BUY GBPINR ABOVE 96.50 TGT 97.00/97.50 SL BELOW 96.00 SELL GBPINR BELOW 94.50 TGT 94.00/93.50 SL ABOVE 95.00
The euro skidded to its weakest since Aug. 20 on Wednesday after signs that economic growth could be slowing in Germany and France, the euro zone's two biggest economies. German private-sector growth slowed to its lowest level in more than three years as manufacturing and services both lost momentum, below forecasts, while manufacturing in France hit a 25-month low, widely-watched surveys showed. The single currency, earlier trading flat, dropped 0.4 per cent to $1.1422 after the surveys were published. The euro was the only big mover, with broader currency markets treading water as investors stay nervous about which direction to take despite some calm coming back into the market after this week's sharp falls in equity prices. The euro was the only big mover, with broader currency markets treading water as investors stay nervous about which direction to take despite some calm coming back into the market after this week's sharp falls in equity prices. The Japanese yen - often bought when broader markets slide - gave up some of its earlier gains, suggesting renewed demand for risk-taking as Asian stock markets rebounded. Big falls in stock prices have shaken foreign exchange markets this week, with the yen the main gainer, although currencies have largely remained calm as investors weigh up whether equity weakness is a major correction or just another wobble in a nearly decade-long bull-market run. The rupee bounced back from the day's low level to settle almost flat at 73.57 against the US currency Tuesday helped by easing crude oil prices and increased dollar selling by banks and exporters. The rupee opened weak at 73.74 and later fell to the day's low of 73.82 due to steady capital outflows amid deep losses in stock markets due to growing geopolitical concerns. However, retreating crude oil prices which fell 1.93 per cent to USD 78.29 per barrel eased concerns and helped arrest a decline in the local currency, a dealer said. Increased dollar selling by banks on the behalf of the Reserve Bank helped the rupee recover from losses. "Rupee pared losses and closed flat as crude oil prices retreated and dollar selling by state run lenders on behalf of RBI," V K Sharma, Head PCG & Capital Markets Group, HDFC Securities said.
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Special Report 25-Oct-2018
Date
Commodity/ Currency Pairs
24/10/18
NCDEX DHANIYA
SEP
BUY
24/10/18
NCDEX DHANIYA
SEP
24/10/18
NCDEX GUARGUM5
24/10/18
Contract Strategy
Entry Level
Target
Stop Loss
Remark
5670
5700 5750
5620
OPEN
SELL
5600
5550 5500
5650
NOT EXECUTED
OCT
BUY
10150
10200 10250
10100
NOT EXECUTED
NCDEX GUARGUM5
OCT
SELL
10050
10000 9950
10100
NOT EXECUTED
24/10/18
MCX GOLD
OCT
BUY
31920
32000 32050
31850
OPEN
24/10/18
MCX GOLD
OCT
SELL
31850
31800 31750
31900
TARGET HIT
24/10/18
MCX SILVER
SEP
SELL
38910
38950 39000
38850
TARGET HIT
24/10/18
MCX SILVER
SEP
BUY
38650
38600 38550
38700
NOT EXECUTED
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
Entry Level
Target
Stop Loss
Remark
24/10/18
NIFTY
FUTURE
BUY
10190-200
10250-300
10130
IN PROFIT
24/10/18
DIVISLAB
FUTURE
SELL
1238-1235
1220-1200
1255
TARGET HIT
24/10/18
M&M
FUTURE
BUY
728-730
740-750
720
IN PROFIT
24/10/18
UJJIVAN
CASH
SELL
214-212
208-200
218
NOT EXECUTED
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Special Report 25-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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