Special Report 27-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 struggled to gain traction on Friday, following a mixed end to Wall Street trade and as the worsening Sino -US trade dispute kept investors in the region cautious, despite signs of rapprochement between the United States and Europe.MSCI's broadest index of Asia-Pacific shares outside Japan was little changed in early trade.Japan's Nikkei eked out a 0.3 percent gain though it was capped by worries that the Bank of Japan could scale down its asset purchase at its upcoming policy review next week.MSCI's gauge of stocks across the globe hit four-month highs on Thursday, with European car maker shares gaining 2.6 percent after the European Union and the United States agreed to negotiate on trade, easing fears of a transatlantic trade war.
World Indices Index
Value
% Change
25,527.07
0.44
S&P500
2,843.50
0.04
NASDAQ FTSE100
7,852.19 7,663.17
-1.01 0.32
22,658.97 28,750.48
0.32 -0.11
DJI
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
SBI
287.70
15.85
5.83
ICICI Bank
285.65
11.00
4.01
1,024.20
38.40
3.90
28,265.65
977.35
3.58
181.85
6.20
3.5
CMP
Change
% Chg
9,396.25 369.75 276.80 388.90
-362.70 -13.15 -5.15 -6.75
-3.72 -3.43 -1.83 -1.71
854.50
-11.40
-1.3
Grasim Eicher Motors Power Grid Corp
Top Losers Company
Maruti Suzuki Yes Bank HPCL BPCL Titan Company
Previous day Roundup The Nifty50 finally hit a fresh record high for the first time since January 29 and ended at all-time closing high on the day of July futures and options (F&O) contracts expiry Thursday, though it dropped in the red in last hour of trade.The index formed a small bullish candle on the daily charts. The market shrugged off weakness in Asian peers.The rally was majorly driven by banking & financials space as the Nifty Bank index gained 1.4 percent and Financial Services 1.7 percent. PSU Bank gained the most among sectoral indices, rising 5.5 percent, especially after Canara Bank earnings. ]Index stats
The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[15.20pts], Consumption[-14.60pts],PSE[23.20pts],CPSE [18.40pts],Energy[17.10pts],FMCG[71.00pts],Auto[ 39.95pts],Pharma[25.40pts],IT[ -107.25pts],Metal[26.70pts],Realty[2.10 pts], Fin Serv sector[190.25pts].
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
51.3
1.9
3.7
BAJAJFINSV
6949.5
91.5
1.32
BATAINDIA
892.6
24.4
2.73
BHARATFIN
1191.4
-1.5
-0.13
CIGNITITEC
437.55
20.5
4.69
ADANIGREEN
Stocks at 52 Week’s LOW Symbol
8KMILES ALCHEM ANKITMETAL ANTGRAPHIC APARINDS
Prev. Close
Change
%Chg
236.65 5.55 0.6 0.5 614.9
11.8 0.25 -0.05 0.05 9.05
4.99 4.5 -7.69 10 1.47
Indian Indices Company
CMP
Change
% Chg
NIFTY
11167.30
35.30
0.32
SENSEX
36984.64
126.41
0.34
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Special Report 27-July-2018
RECOMMENDATIONS [FUTURE] 1.IGL [FUTURE ] As per the daily chart this counter is showing weakness at its upper level around 298 here we can a chance of reversal due to its overbought condition with stockhastic momentum indicator above 80, it has made a red doji at this level near to its 200 days SMA, so we advice you to sell igl future around 298-297 for the targets of 294-290 with stoploss above 300.
2.DCBBANK [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 158 it has shown a reversal from its lower levels and closed just above its previous resistance level of 164.85 from here a chance of breakout can be found, so we advice to buy dcbbank future around the levels of 165-166 for the targets of 169-174 with stoploss below 163.
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 Trends on SGX Nifty indicate a flat opening for the broader index in India, a gain of 25 points. Nifty futures were trading around 11,247.50 on the Singaporean Exchange. Oil prices edged down on Friday after three days of gains, but were still supported by Saudi Arabia’s halt on transporting crude through a key shipping lane, falling US inventories and easing trade tensions between Washington and Europe.Brent futures were down 6 cents at USD 74.48 a barrel by 0043 GMT, after gaining 0.8 percent on Thursday. US West Texas Intermediate futures were also 6 cents lower, at USD 69.55, after posting a nearly 0.5-percent gain the previous session. Petrochemical-retail-to-telecom conglomerate Reliance Industries will announce its April-June quarter earnings on July 27. Brokerage houses expect the company's petrochemical business to post strong results. HDFC Asset Management Company's initial public offer was subscribed 5.52 times on the second day of the three-day bidding yesterday. The Rs 2,800-crore public offer received bids for 10,38,77,982 shares against the total issue size of 1,88,04,290 shares, according to data available with the NSE.
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Special Report 27-July-2018
STOCKS IN NEWS
MOST ACTIVE CALL OPTION
Biocon: Q1 profit zooms 47.2 percent to Rs 119.7 crore versus Rs 81.3 crore; revenue increases 21.2 percent to Rs 1,123.8 crore versus Rs 927.4 crore (YoY).
3,40,162
2,41,200 6,15,080
53.5
2,75,467
1,57,650
Lakshmi Vilas Bank: Q1 net loss at Rs 123.9 crore versus profit of Rs 66.1 crore; NII falls 40.2 percent to Rs 130.2 crore versus Rs 217.8 crore (YoY).
CE
27,100 275.65
2,38,782
10,920
NIFTY
CE
11,250
0.05
2,17,664
31,15,050
SBIN
CE
290
0.05
21,922
43,32,000
SBIN
CE
285
2.75
21,287
8,52,000
SBIN
CE
280
7.45
16,108
10,26,000
Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
NIFTY
CE
11,150
5
3,91,226
BANKNIFTY
CE
27,600
0.05
NIFTY
CE
11,100
BANKNIFTY
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST
Open Interest
2,83,500
Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
Open Interest
NIFTY
PE
11,100
0.05
5,14,881
36,17,925
NIFTY
PE
11,150
0.05
4,62,609
14,64,825
BANKNIFTY
PE
26,800
0.05
4,58,828
NIFTY
PE
11,200 30.05
2,60,292
BANKNIFTY
PE
27,400
0.05
2,37,325
MARUTI
PE
9,400
6.1
12,108
MARUTI
PE
9,500 105.55
9,974
SBIN
PE
280
0.05
NIFTY FUTURE
9,814
Yesterday Nifty future was struggling to break its 7,78,160 important resistance level of 11160, in the early trading 69,750 session it managed to go above this level but could not sustain above it, in the lower side there are multiple 2,76,920 support levels at 11108 and 11070 from were we can get 19,275 chance of reversal so we advice to buy nifty future 33,300 around the levels of 11100-11110 for the target of 11150 -11200 with strict stop loss of 11050. 27,06,000
FII DERIVATIVES STATISTICS BUY
SELL
No. of Contracts
Amount in Crores
INDEX FUTURES
73351
6260.86
74910
6467.51
INDEX OPTIONS
777594
73143.32
778963
STOCK FUTURES
476957
33107.54
STOCK OPTIONS
96973
7001.94
OPEN INTEREST AT THE END OF THE DAY
No. of Amount in No. of Contracts Crores Contracts
Amount in Crores
NET AMOUNT
347057
29419.70
-206.6496
73350.93
873070
75228.23
-207.6082
478947
33104.20
1155094
83616.83
3.3441
91728
6610.56
117952
8246.80
391.378 -19.5357
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
11219.00
11193.00
11159.00
11133.00
11099.00
BANKNIFTY
27712.00
27559.00
27302.00
27149.00
26892.00
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Special Report 27-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.
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Special Report 27-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
1610 4519 4104 5053 1811.5 4164
0.63 1.21 0.12 1.81 1.29 0.58
Jeera
19605
0.44
4171 3368 7254
1.09 0.93 0.10
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.
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Special Report 27-July-2018
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
68.6575 Yen
61.9475
Euro
80.4175 GBP
90.4800
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.
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Special Report 27-July-2018
Date
Commodity/ Currency Pairs
26/07/18
NCDEX DHANIYA
OCT
BUY
26/07/18
NCDEX DHANIYA
OCT
26/07/18
NCDEX GUARGUM5
26/07/18
Contract Strategy
Entry Level
Target
Stop Loss
Remark
5050
5100 5200
5000
OPEN
SELL
4940
4890 4790
4990
NOT EXECUTED
AUG
BUY
8940
9000 9150
8880
SL TRIGGERED
NCDEX GUARGUM5
AUG
SELL
8730
8680 8780
8800
NOT EXECUTED
26/07/18
MCX GOLD
AUG
BUY
30000
30100 30300
29900
NOT EXECUTED
26/07/18
MCX GOLD
AUG
SELL
29850
29700 29500
29950
OPEN
26/07/18
MCX SILVER
SEP
BUY
38700
38900 39200
26/07/18
MCX SILVER
SEP
SELL
38300
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
26/07/18
NIFTY
FUTURE
BUY
38500
NOT EXECUTED
38100 37800
38500
NOT EXECUTED
Entry Level
Target
Stop Loss
Remark
11100-11110
11150 -11200
11050
NOT EXECUTED
574 -564
590
OPEN
583-580
26/07/18
AUROPHARMA
FUTURE
SELL
26/07/18
HINDZINC
FUTURE
BUY
283.90-284.50
288-292
280
NOT EXECUTED
CASH
SELL
137-136.50
133-127
140
SL TRIGGERED
26/07/18
ACE
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Special Report 27-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
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