Special Report 26-July-2018
Global markets at a glance Wall Street rose on Wednesday as US President Donald Trump secured concessions from the European Union on trade, while a disappointing quarterly report from Facebook after the bell slammed its stock and threatened to put the brakes on a tech rally.The benchmark S&P 500 jumped more than half a percent in the last half-hour of trading on news of the concessions and closed at its highest level since Jan. 29. Trump said that the United States and the European Union had agreed to work toward eliminating tariffs on industrial goods and increasing US exports of liquefied natural gas and soybeans to Europe. Asian stocks edged higher on Thursday, taking comfort from gains on Wall Street after U.S. President Donald Trump and European Commission President Jean-Claude Juncker agreed to work toward eliminating trade barriers on industrial goods.In a news conference following a meeting between the two leaders on Wednesday, Trump said he and Juncker had agreed to work to lower industrial tariffs on both sides and to increase European imports of liquefied natural gas and soybeans from the United States, among other measures.The meeting helped to extend a rally in global stocks into its fourth day, as investors took heart from a rare piece of good news amid global concerns over trade. Previous day Roundup The NIfty after opening higher attempted many times to move near its earlier record high amid rangebound trade but failed to do so due to selling pressure at higher levels on Wednesday. The index ended flat with a negative bias ahead of expiry of July derivative contracts, forming bearish candle on the daily candlestick charts, which also resembles 'Spinning Top’ kind of pattern.Spinning Top is often regarded as a neutral pattern which suggests indecisiveness on the part of both bulls as well as bears. It can be formed in an uptrend as well as in a downtrend.The Nifty Midcap index also ended flat while the sectoral trend was mixed. The 30-share BSE Sensex managed to end at record closing high again, rising 33.13 points to 36,858.23. ]Index stats
The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[-7.40pts], Consumption[-24.20pts],PSE[-32.85pts],CPSE[8.10pts],Energy[-31.00pts],FMCG[-60.90pts],Auto[5 1 .35 pts],P harm a[ -7 9 .8 0 pts],IT[ -8 8 .55 pts],M etal [28.75pts],Realty[-3.75 pts], Fin Serv sector[65.15pts].
World Indices Index
Value
% Change
25,241.94
0.79
S&P500
2,816.50
-0.10
NASDAQ FTSE100
7,840.77 7,709.05
-0.01 0.69
22,620.27 28,892.11
0.49 0.77
DJI
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
271.85
5.00
1.87
6,949.50
121.80
1.78
Tata Steel
536.00
8.60
1.63
Adani Ports
398.75
6.15
1.57
2,000.85
25.30
1.20
CMP
Change
% Chg
NTPC Lupin HCL Tech Idea Cellular
151.00 796.95 964.30 54.90
-6.45 -24.00 -27.30 -1.50
-4.10 -2.92 -2.75 -2.66
Axis Bank
532.25
-13.85
-2.50
SBI Bajaj Finserv
HDFC
Top Losers Company
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
46.65
4.65
9.97
ASIANPAINT
1467.75
-21.55
-1.47
ASTRAZEN
1463.25
58.75
4.02
BAJAJFINSV
6827.7
122.3
1.79
708.7
-14.2
-2
ADANIGREEN
BANDHANBNK
Stocks at 52 Week’s LOW Symbol
8KMILES ABGSHIP ANKITMETAL ANTGRAPHIC BGLOBAL
Prev. Close
Change
%Chg
249.1 5.35 0.65 0.5 2.35
-12.45 0.25 -0.05 0 -0.1
-5 4.67 -7.69 0 -4.26
Indian Indices Company
CMP
Change
% Chg
NIFTY
11132.00
-2.30
-0.02
SENSEX
36858.23
33.13
0.09
_____________________________________________________________________________________________________________________ Please refer to disclaimer Epic Research Ltd www.epicresearch.co
Special Report 26-July-2018
RECOMMENDATIONS [FUTURE] 1.AUROPHARMA [FUTURE ] From the daily chart it is clear that the particular counter of pharma sector had reversed from its crucial resistance level of 600, the trend is looking down Around the levels of 600, it has made a bearish engulf candle which is covering the previous day body so we advice to sell auropharma future near the levels of 583-580 for the targets of 574-564 sl above 590.
2.HINDZINC [FUTURE]
From the daily chart its clear that after moving in continuos downtrend the particular script has got a support at its important level of 265and 272 it has shown a reversal from its lower levels and closed just below its resistance level of 28.75 from here a chance of breakout can be found, so we advice to buy hindzinc around the levels of 283.90-284.50 for the targets of 288-292 with stoploss below 280.
STOCK RECOMMENDATION [CASH] ACE [CASH] As per the daily chart this counter is showing weakness at its upper level around 143 here we can a chance of reversal due to its overbought condition also it has made a spinning top candle at this level, so we advice you to SELL ACE around 137-136.50 for the targets of 133-127 with stoploss above 140.
MACRO NEW Nifty Futures on the Singaporean exchanges were trading strong, with the index inching towards 11,200, pointing to a possible fresh record high. As of 10 am Singapore Time, the futures were trading at 11,171, up 39 points and had clocked an intraday high of 11,194. The market will watch out for all the action from earnings front as 62 companies will be declaring their June quarter earnings. Among the key ones to watch out will be Bharti Airtel, Biocon, Colgate, Dr Reddy’s Labs, Eveready Industries, ITC, Maruti Suzuki, NIIT, Quess Corp, SBI Life Insurance, Tata Coffee, Tata Power, and Yes Bank. Reversing its two-session slide, the rupee rebounded by 15 paise today to end at a fresh one-week high of 68.79 against the US dollar on bouts of greenback selling by exporters and corporates. The forex market witnessed a highly volatile session, with the home currency falling initially before staging a comeback.The upbeat trend was supported by unwinding of long dollar positions by speculators and local banks in view of subdued overseas cues, even as Dalal Street's record-breaking run continued for the third straight day. The initial public offer of HDFC Asset Management Company has been fully subscribed on the first day Wednesday.
_____________________________________________________________________________________________________________________ Please refer to disclaimer Epic Research Ltd www.epicresearch.co
Special Report 26-July-2018
STOCKS IN NEWS
MOST ACTIVE CALL OPTION
Larsen & Toubro: Q1 profit jumps 36.1 percent to Rs 1,215 crore versus Rs 892.5 crore; revenue increases 18.8 percent to Rs 28,283 crore versus Rs 23,811 crore (YoY).
3,76,035
11,00,720 6,90,640
6.5
3,62,311
32,18,325
Hero MotoCorp: Q1 profit falls 0.5 percent to Rs 909.2 crore versus Rs 914 crore; revenue rises 10.4 percent to Rs 8,809.8 crore versus Rs 7,980.5 crore (YoY).
11,100
44.9
2,85,615
CE
27,300
14
2,38,343
16,67,475 NIFTY FUTURE 6,80,840
RELIANCE
CE
1,120
4.9
10,677
20,02,000
SBIN
CE
270
2.5
10,629
37,41,000
JUBLFOOD
CE
1,500
3.4
10,278
7,51,500
Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
BANKNIFTY
CE
27,200
29.5
4,30,187
BANKNIFTY
CE
27,100 56.75
NIFTY
CE
11,200
NIFTY
CE
BANKNIFTY
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST Symbol
Optio Strike n Price Type
NIFTY
Open Interest
2,83,500
LTP
Traded Volume (Contracts)
Open Interest
PE
11,100 18.95
3,47,602
25,90,275
BANKNIFTY
PE
26,900
38
3,35,280
NIFTY
PE
11,000
4.1
2,58,955
BANKNIFTY
PE
26,800
20
2,55,087
RELIANCE
PE
1,100
2.25
7,474
JUBLFOOD
PE
1,400
33.8
6,237
INFY
PE
1,360
2.1
5,276
TATASTEEL
PE
520
0.95
4,335
7,61,240 Yesterday Nifty future was struggling to break its 49,78,275 important resistance level of 11160, in the early trading session it managed to go above this level but could not 8,53,400 sustain above it, in the lower side there are multiple 21,38,000 support levels at 11108 and 11070 from were we can get 1,76,000 chance of reversal so we advice to buy nifty future around the levels of 11100-11110 for the target of 11150 4,76,400 -11200 with strict stop loss of 11050. 11,16,172
FII DERIVATIVES STATISTICS BUY
SELL
No. of Contracts
Amount in Crores
INDEX FUTURES
100587
8632.01
100603
8667.34
INDEX OPTIONS
741421
68883.11
743902
STOCK FUTURES
447480
30336.20
STOCK OPTIONS
104356
7341.40
OPEN INTEREST AT THE END OF THE DAY
No. of Amount in No. of Contracts Crores Contracts
Amount in Crores
NET AMOUNT
348860
29522.94
-35.3332
69131.40
887701
76167.75
-248.2937
437306
29864.59
1138670
82486.68
471.6029
109327
7674.68
120051
8368.54
-333.2818 -145.3058
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
11178.00
11155.00
11134.00
11111.00
11090.00
BANKNIFTY
27149.00
27090.00
27014.00
26955.00
26879.00
_____________________________________________________________________________________________________________________ Please refer to disclaimer Epic Research Ltd www.epicresearch.co
Special Report 26-July-2018
RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD AUG FUT ABOVE 30000 TGT 30100 30300 SL BELOW 29900 SELL GOLD AUG FUT BELOW 29850 TGT 29700 29500 SL ABOVE 29950
SILVER TRADING STRATEGY: BUY SILVER SEP ABOVE 38700 TGT 38900 39200 SL BELOW 38500 SELL SILVER SEP BELOW 38300 TGT 38100 37800 SL ABOVE 38500
COMMODITY ROUNDUP Gold is widely advocated by financial analysts as one of the major safe harbors for worried investors as the world has to move from an international monetary system dominated by the US dollar to a multi-polar currency system.Gold will remain a crucial component of diversified portfolios, as a hedge against potential corrections across asset classes. It is liquid and has neither credit nor default risk. The inescapable conclusion is that the only viable alternative asset for official reserves is physical gold, as it alone has the requisite liquidity, correlation characteristics, and trust. Central banks seeking true risk diversification or insurance, therefore, should increase their gold holdings.Gold is almost never a ‘buy’ when it is both loved by the gold “community” and the cyclical backdrop is positive. It is almost always a ‘buy’ when it is hated by the gold “community” and the cyclical backdrop is counter, bleak and/or not inflationary.Data from the Commodity Futures Trading Commission showed speculators significantly expanded net short positions — bets the price will fall — to 26,400 contracts in the week to July 17, not far off the late 2015 record high. Extreme positioning is often seen as a contrarian indicator. Speculative market participants often behave in a very cyclical fashion, and in the past such extreme positioning has frequently been an indicator of a pronounced counter-movement in the near future. Very negative market positioning at the end of 2015 was followed by a surge in the gold price of roughly $300 in the first half of 2016. Oil prices rose for a second day on Wednesday after industry group data showed U.S. crude inventories fell more than expected last week, easing worries about oversupply that had dragged on markets in recent sessions.Brent crude LCOc1 was up 29 cents, or 0.4 percent, at $73.73 a barrel by 0035 GMT. The global benchmark settled 38 cents higher at $73.44 a barrel on Tuesday, after climbing as high as $74.U.S. West Texas Intermediate CLc1 rose 22 cents, or 0.3 percent, to $68.74, having settled the previous session up 63 cents, or nearly 1 percent.Reports that China will increase infrastructure spending also helped reduce concerns that U.S.-China trade tensions will dent the country's demand for oil. crude and fuel stockpiles dropped more than expected last week, industry group the American Petroleum Institute said on Tuesday.Crude inventories fell by 3.2 million barrels in the week to July 20 to 407.6 million barrels, compared with analyst expectations for a decrease of 2.3 million barrels.Distillate fuels stockpiles, which include diesel and heating oil, fell by 1.3 million barrels, compared with expectations for a 207,000-barrel gain.
_____________________________________________________________________________________________________________________ Please refer to disclaimer Epic Research Ltd www.epicresearch.co
Special Report 26-July-2018
RECOMMENDATIONS GUARGUM5 BUY GUARGUM OCT FUT ABOVE 8940 TGT 9000 9150 SL BELOW 8880 SELL GUARGUM OCT FUT BELOW 8730 TGT 8680 8780 SL ABOVE 8800
NCDEX INDICES Index
Value
% Change
Barley Castor Seed Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT
1607 4509 4180 5060 1795 4175
0.47 -0.92 -2.38 2.99 1.21 -2.00
19720
0.72
4162 3347 7354
-1.47 -0.39 -0.86
Jeera Mustardseed Soy Bean Turmeric
USDA forecasts that China's soybean imports will increase to 100.5 MMT in MY18/19 from the estimated 97 MMT in MY17/18. This forecast, is 2.5 MMT lower than USDA's June forecast. Due to the combination of the moderate increase in domestic soybean production, together with the slowdown in growth of soybean meal use, a net growth of 3.5 MMT of soybean imports in MY18/19 is expected to meet the Chinese demand growth for protein meals.
DHANIYA BUY DHANIYA OCT FUT ABOVE 5050 TGT 5100 5200 SL BELOW 5000 SELL DHANIYA OCT FUT BELOW 4940 TGT 4890 4790 SL ABOVE 4990
U.S. soybean exports to China continue to face strong competition from soybean exports from South America. Excessive soybean stocks and a fall in the soybean price in Brazil attributed to the 14.2 MMT of Brazilian soybean exports to China in the first half of MY17/18. This is significantly higher than the 5.2 MMT during the same period in MY16/17. Despite China's net growth of over 2 MMT of soybean imports in the first half of MY17/18, total soybean imports from the United States fell to 24.4 MMT in this period, down from the 31.6 MMT in the previous year. Chinese importers note that Brazilian soybeans have a one percent higher protein content than U.S. soybeans. Importers were previously willing to pay a slightly higher price for soybeans with a higher protein content, but with the drop in the price of Brazilian soybeans, exports are now surging As per official data, Ukraine supplied some 1 MMT of wheat to foreign markets in May 2017/18. This was down 10% from April (1.1 MMT) but up 2% from May 2016/17 (986.8 KMT). In July-May 2017/18, wheat exports totaled 16.3 MMT, or 3% less than in the same period in MY 2016/17. Ukrainian wheat shipments to the European Union and Indonesia grew substantially in the current season. In the period under review, exports to Indonesia increased to 2.1 MMT that was 31% more than in the whole of MY 2016/17.
_____________________________________________________________________________________________________________________ Please refer to disclaimer Epic Research Ltd www.epicresearch.co
Special Report 26-July-2018
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
68.8275 Yen
63.9375
Euro
80.5000 GBP
90.5375
USD/INR BUY USDINR ABOVE 69.20 TGT 69.50/69.80 SL BELOW 68.90 SELL USDINR BELOW 68.50 TGT 68.35/67.40 SL ABOVE 68.65
GBP/INR BUY GBPINR ABOVE 90.60 TGT 90.90/91.20 SL BELOW 90.30 SELL GBPINR BELOW 89.60 TGT 89.30/89.00 SL ABOVE 89.90
The rupee retreated from early high levels to close down with a modest loss of 2 paise at 68.86 against the US currency on stray dollar demand from importers. The home currency initially reacted positively to the GST Council's decision to cut rates on several items and also tracking broad weakness in the dollar. It touched a high of 68.65 in early trade before slipping back toward the tail-end trade. Consistent unwinding by foreign investors on growing expectations of Fed rate hike kept home currency under pressure, a dealer said. Overall, forex sentiment remained fragile in the face macro challenges coupled with tense trade relations between the US and major economies and expectations that the Federal Reserve will raise interest rates further this year. The Indian rupee had hit its life-time low of 69.13 a dollar last Friday. Oil prices too inched up today after tensions worsened between Iran and the US. The Brent crude rising 66 cents to USD 73.73 per barrel and West Texas Intermediate gaining 27 cents to USD 68.53 per barrel. Foreign investors remained net investors in stock markets as they bought equities worth Rs 259 crore on net basis today. Domestic bourses maintained their bullish momentum for the second-straight session with the flagship BSE Sensex ending at a historic closing high driven by optimistic corporate earnings as well as strong buying from investors. The rupee resumed higher at 68.70 against weekend close of 68.84 at the Interbank Foreign Exchange (forex) market on increased selling of the American currency by exporters and banks. The local currency dropped to a low of 68.87 before settling at 68.86, showing a loss of 2 paise. The Financial Benchmarks India private limited (FBIL), meanwhile, fixed the reference rate for the dollar at 68.7040 and for the euro at 80.5619. The bond market also witnessed fresh selling and the 10-year benchmark yield end at higher at 7.81 per cent. The bond market also witnessed fresh selling and the 10-year benchmark yield end at higher at 7.81 per cent. In the cross currency trade, the rupee continued to lose ground against the pound sterling to finish at 90.50 per pound from 89.80 and dropped against the euro to end at 80.68 as compared to 80.25. It also slumped further against the Japanse yen to close at 62.00 per 100 yens from 61.26 earlier.
_____________________________________________________________________________________________________________________ Please refer to disclaimer Epic Research Ltd www.epicresearch.co
Special Report 26-July-2018
Date
Commodity/ Currency Pairs
25/07/18
NCDEX DHANIYA
OCT
BUY
25/07/18
NCDEX DHANIYA
OCT
25/07/18
NCDEX GUARGUM5
25/07/18
Contract Strategy
Entry Level
Target
Stop Loss
Remark
5120
5170 5270
5020
TGT HIT
SELL
5040
4990 4900
5100
NOT EXECUTED
AUG
BUY
9150
9220 9320
9080
NOT EXECUTED
NCDEX GUARGUM5
AUG
SELL
8950
8870 8770
9020
TGT HIT
25/07/18
MCX GOLD
AUG
BUY
30000
30100 30300
29900
NOT EXECUTED
25/07/18
MCX GOLD
AUG
SELL
29850
29700 29500
29950
SL TRIGGERED
25/07/18
MCX SILVER
SEP
BUY
38700
38900 39200
25/07/18
MCX SILVER
SEP
SELL
38300
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
25/07/18
NIFTY
FUTURE
BUY
38500
OPEN
38100 37800
38500
NOT EXECUTED
Entry Level
Target
Stop Loss
Remark
11070-11090
11140-11190
11020
NOT EXECUTED
25/07/18
AUROPHARMA
FUTURE
SELL
600-601
594-590
604
NOT EXECUTED
25/07/18
SREINFRA
FUTURE
BUY
51.55-70
54-56
49
NOT EXECUTED
25/07/18
IBREALEST
CASH
BUY
161-162
165-170
160
SL TRIGGERED
_____________________________________________________________________________________________________________________ Please refer to disclaimer Epic Research Ltd www.epicresearch.co
Special Report 26-July-2018
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS TIME (ET)
REPORT
PERIOD
ACTUAL
FORECAST
PREVIOUS
--
-0.15
TUESDAY, JULY 24
TUESDAY, JULY 24
--
55.4
WEDNESDAY, JULY 25
WEDNESDA Y, JULY 25
670,000
689,000
MONDAY, JULY 23 8:30 am
Chicago Fed national activity index
June 10 am
TUESDAY, JULY 24
TUESDAY, JULY 24
TUESDAY, JULY 24
9:45 am
Markit manufacturing PMI flash
July
TUESDAY, JULY 24
9:45 am WEDNESDA Y, JULY 25
WEDNESDAY, JULY 25
WEDNESD AY, JULY 25
10 am
New home sales
June
WEDNESDAY, JULY 25
THURSDAY, JULY 26 8:30 am
Weekly jobless claims
7/14
215,000
207,000
8:30 am
Durable goods orders
June
2.9%
-0.4%
8:30 am
Core capital equipment orders
June
--
0.3%
8:30 am
Advance trade in goods
June
-$69.1 bln
-$64.8bln
FRIDAY, JULY 27
FRIDAY, JULY 27
4.0%
2.0%
10 am FRIDAY, JULY 27
FRIDAY, JULY 27
8:30 am
Gross domestic product
FRIDAY, JULY 27 Disclaimer Q2
FRIDAY, JULY 27
The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility. The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. We are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our
_____________________________________________________________________________________________________________________ Please refer to disclaimer Epic Research Ltd www.epicresearch.co