Special Report 30-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
25,451.06
-0.30
S&P500
2,817.75
-0.87
NASDAQ FTSE100
7,737.42 7,701.31
-1.46 0.50
22,712.75 28,804.28
0.55 0.08
DJI
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
ITC
302.55
15.35
5.34
Tata Motors
268.15
9.90
3.83
Titan Company
884.10
29.60
3.46
Hindalco
213.40
6.85
3.32
Tata Steel
550.20
15.35
2.87
CMP
Change
% Chg
2,083.20 6,927.20 394.65 262.15
-49.55 -108.10 -4.65 -2.95
-2.32 -1.54 -1.16 -1.11
179.90
-1.95
-1.00
Top Losers Company
Dr Reddys Labs Bajaj Finserv Adani Ports Coal India Power Grid Corp
Previous day Roundup Indian markets created history last week with both benchmark indices rallying over 2 percent each. The S&P BSE Sensex gained 840 points or 2.3 percent while the Nifty50 rose 268 points or 2.43 percent for the week ended 27 July.The benchmark indices might have risen by a little over 2 percent but nearly 30 stocks on the BSE rose 20-40 percent in the same period.As many as 8 stocks from the S&P BSE 500 index rallied over 20 percent in the last five trading sessions which include names like Inox Wind, Vijaya Bank, Prism Johnson, Dilip Buildcon, REC, Shriram Transport Finance, Reliance Capital, and Jindal Saw. ]Index stats
The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[43.45pts], Consumption[50.35pts],PSE[39.15pts],CPSE [27.60pts],Energy[219.70pts],FMCG[713.10pts],Auto [104.80pts],Pharma[4 4.35pts],IT[49.80 pts],Metal [62.35pts],Realty[1.45 pts], Fin Serv sector[228.00pts].
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
APLLTD
557.55
7.45
1.34
ASTRAL
1106.85
5.15
0.47
BAJAJFINSV
7035.3
-110.25
-1.57
BATAINDIA
915.4
-1.4
-0.15
BHARATFIN
1190.6
13.15
1.1
Stocks at 52 Week’s LOW Symbol
ANKITMETAL BGLOBAL BILPOWER BIOFILCHEM BLUEBLENDS
Prev. Close
Change
%Chg
0.6 2.25 0.65 11 8.05
-0.05 0 -0.05 0.5 -0.4
-8.33 0 -7.69 4.55 -4.97
Indian Indices Company
CMP
Change
% Chg
NIFTY
11278.40
111.10
0.99
SENSEX
37336.85
352.21
0.95
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Special Report 30-July-2018
RECOMMENDATIONS [FUTURE] 1.NBCC [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 60.70 it has shown a reversal from its lower levels and closed just near to its previous resistance level of 71.50 from here a chance of breakout can be grabbed, so we advice to buy nbcc future around the levels of 71.60-72 for the targets of 75-80 with stoploss below 69.
2.RELIANCE [FUTURE]
With the good fundamental this particular script is has also plus point with respect to its technical , it is maintaining its uptrend and clsoed near to its 52 weeks high above its crucial resistance level of 1144 its showing buying signal with stockhastic moementum induicator above 50 here buy on strength would be good opportunity to go so we advice you to buy reliacne future around 1144-46 tgt 1155-1166 sl below 1133.
STOCK RECOMMENDATION [CASH] DAAWAT [CASH] From the daily chart its clear that after moving in continuous downtrend the particular script has got a support at its important level of 52 due to the strength in market , it has made a breakout candle which closed at 60 the only resistance which is acting as a hurdle is 60.50 so we advice to buy daawat around 60.80-61.50 tgt 64-68 sl below 58.
MACRO NEW Trends on SGX Nifty indicate a positive opening for the broader index in India, a gain of 10 points or 0.09 percent. Nifty futures were trading around 11,327level on the Singaporean Exchange. The RBI is expected to announce its monitary policy on August 1 with the MPC meet starting today. The decision of the MPC will be announced at 14:30 hours IST on August 1. Most economists expect the MPC to keep policy rates unchanged but the commentary would be a key thing to watch out for. Petrochemical-retail-to-telecom major Reliance Industries has started off the financial year 2018-19 with first quarter consolidated profit at Rs 9,485 crore, which grew by 0.3 percent compared to Rs 9,459 crore in the previous quarter. The year-on-year bottomline growth was 4.5 percent. Consolidated revenue during the quarter increased 10.1 percent sequentially (up 42 percent YoY) to Rs 1.29 lakh crore. The growth was primarily on account of higher realisations of refining and petrochemical products led by 49 percent YoY increase in Brent oil price. Oil prices were mixed on Monday with WTI rising on the back of strong US economic growth figures, while Brent began the week trading lower after posting its first weekly gain in four.
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Special Report 30-July-2018
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
NIFTY
ICICI Bank: Q1 net loss at Rs 119.5 crore versus
LTP
Traded Volume (Contracts)
Open Interest
CE
11,400 101.4
90,559
17,55,750
NIFTY
CE
11,300
152
86,670
16,14,525 NIFTY FUTURE
BANKNIFTY
CE
27,900 60.65
84,188
1,89,040
BANKNIFTY
CE
27,500
220
81,888
4,56,160
ITC
CE
310
5.1
7,685
29,13,600
ITC
CE
300
9.3
7,338
29,47,200
ITC
CE
320
2.85
6,841
30,19,200
RELIANCE
CE
1,200 12.75
6,645
16,43,000
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST Symbol
Optio Strike n Price Type
NIFTY
profit of Rs 2,049 crore; NII rises 9.2 percent at Rs 6,102 crore versus Rs 5,590 crore (YoY).
Punjab National Bank: PNB MetLife filed draft red herring prospectus with the SEBI for its IPO.
2,83,500
LTP
Traded Volume (Contracts)
PE
11,200 109.95
97,030
BANKNIFTY
PE
27,300
70.1
90,323
NIFTY
PE
11,000
61
86,705
BANKNIFTY
PE
27,500 134.8
81,744
RELIANCE
PE
1,100
19.8
5,225
ICICIBANK
PE
280
7
3,866
MARUTI
PE
9,000
103
3,801
RELIANCE
PE
1,120
27.3
3,727
Open Interest
21,61,125 Market closed at all time high with support of PSU banks as well as Metal share which was the top performer of 3,93,920 last week. In last week Nifty struggled near previous all 38,54,400 time high 11171 but down side it maintain support of 2,75,680 11110 where we seen strong pull back and at the last trading session it end with 111 point gains.Since on daily 21,61,000 chart it is breakout of Pennant pattern, according to that 33,74,250 we can see more up side to the level of 11600 due to 64,500 that it can be in any decline buy around 11280-90 with stop loss of 11200 for the target of 11400-11600. 12,57,000
FII DERIVATIVES STATISTICS BUY
SELL
No. of Contracts
Amount in Crores
INDEX FUTURES
29620
2629.18
21064
1917.62
INDEX OPTIONS
353166
33489.38
355714
STOCK FUTURES
192125
12830.53
STOCK OPTIONS
84389
6203.95
OPEN INTEREST AT THE END OF THE DAY
No. of Amount in No. of Contracts Crores Contracts
Amount in Crores
NET AMOUNT
230434
19823.73
711.5602
33686.60
538685
46827.41
-197.2175
182325
12173.26
1052268
76744.28
657.2716
82458
6079.48
49130
3675.08
124.466 1296.0803
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
11330.00
11304.00
11257.00
11231.00
11184.00
BANKNIFTY
27789.00
27711.00
27583.00
27505.00
27377.00
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Special Report 30-July-2018
RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD ABOVE 29900 TGT 30000 30200 SL BELOW 29800 SELL GOLD BELOW 29780 TGT 29680 29480 SL ABOVE 29880
SILVER TRADING STRATEGY: BUY SILVER ABOVE 38500 TGT 38700 39000 SL BELOW 38300 SELL SILVER BELOW 38200 TGT 38000 37700 SL ABOVE 38400
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 30-July-2018
RECOMMENDATIONS GUARGUM5 BUY GUARGUM OCT ABOVE 9270 TGT 9370 9520 SL BELOW 9170 SELL GUARGUM OCT BELOW 9150 TGT 9250 9400 SL ABOVE 9050
NCDEX INDICES Index
Value
% Change
Barley Castor Seed Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT
1610 4645 4153 5089 1832 4267
0.09 2.86 1.00 0.43 0.94 2.44
19785
0.94
4176 3365 7310
0.36 -0.15 0.40
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 AUG ABOVE 5180 TGT 5240 5340 SL BELOW 5100 SELL DHANIYA AUG BELOW 4980 TGT 4900 4800 SL ABOVE 5060
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 30-July-2018
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
68.9300 Yen
62.0900
Euro
80.3100 GBP
90.4000
USD/INR BUY USDINR ABOVE 69.00 TGT 69.30/69.60 SL BELOW 68.70 SELL USDINR BELOW 68.50 TGT 68.20/67.90 SL ABOVE 68.80
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 30-July-2018
Date
Commodity/ Currency Pairs
27/07/18
NCDEX DHANIYA
AUG
BUY
27/07/18
NCDEX DHANIYA
AUG
27/07/18
NCDEX GUARGUM5
27/07/18
Contract Strategy
Entry Level
Target
Stop Loss
Remark
5050
5100 5200
5000
TGT HIT
SELL
4940
4890 4790
4990
NOT EXECUTED
OCT
BUY
8940
9000 9150
8880
TGT HIT
NCDEX GUARGUM5
OCT
SELL
8730
8680 8780
8800
NOT EXECUTED
27/07/18
MCX GOLD
AUG
BUY
30000
30100 30300
29900
NOT EXECUTED
27/07/18
MCX GOLD
AUG
SELL
29850
29700 29500
29950
OPEN
27/07/18
MCX SILVER
SEP
BUY
38700
38900 39200
27/07/18
MCX SILVER
SEP
SELL
38300
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
27/07/18
NIFTY
FUTURE
BUY
27/07/18
IGL
FUTURE
SELL
27/07/18
DCBBANK
FUTURE
27/07/18
ACE
CASH
38500
NOT EXECUTED
38100 37800
38500
TGT HIT
Entry Level
Target
Stop Loss
Remark
11100-11110
11150 -11200
11050
NOT EXECUTED
298-297
294-290
300
SL TRIGGERED
BUY
165-166
169-174
163
TGT HIT
SELL
137-136.50
133-127
140
NOT EXECUTED
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Special Report 30-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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