Special Report 31-Oct-2018
Global markets at a glance Major US stock indexes jumped more than 1 percent on Tuesday, helped by strong gains for chip and transport stocks as investors took advantage of cheaper prices following a steep recent pullback for equities. All 11 major S&P 500 sectors ended higher a day after a volatile session that pushed the benchmark S&P 500 lower and close to confirming its second correction of 2018.Chip stocks also gained following a brokerage upgrade of Nvidia shares and a better-than-expected report from chip-gear maker KLA-Tencor . Nvidia shares jumped 9.4 percent and KLA-Tencor shares rose 7.6 percent. Chip stocks had dropped broadly on Monday, as renewed concerns about US-China trade tensions sparked declines. Asian stocks pulled away from 20-month lows to eke out small gains on Wednesday, thanks to a rebound on Wall Street though investors remained cautious after a torrid October month that saw trillions of dollars wiped out of global equity markets. A confluence of factors from Sino-US trade tensions to worries about US corporate earnings to the end of easy money in development economies have spurred volatility in financial markets in the past few weeks.Anxiety that global growth might be rapidly losing momentum has been at the centre of the market ructions. Early Asian trade on Wednesday suggested investor sentiment remained fragile. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.05 percent, but it was still on track to fall roughly 11 percent this month. PREVIOUS DAY ROUNDOFF The market has seen consolidation on Tuesday after a day of massive rally, with the benchmark indices falling half a percent each. However, the broader markets outperformed frontline indices with the Nifty Midcap rising 0.7 percent. Oil marketing companies, banking & financials and index heavyweight Reliance Industries pulled the Nifty50 below 10,200 levels.The Nifty50 after a negative start managed to show some recovery in first hour of trade itself and hit an intraday high of 10,285.10, but wiped out those gains in late morning deals and gradually extended losses to hit day's low of 10,175.35 in late trade. The index closed 52.50 points lower at 10,198.40 and made a bullish candle on the daily charts. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[-18.85pts], Consumption[70.15pts],PSE[65.75pts],CPSE [+43.00pts],Energy[441.50pts],FMCG[243.95pts],Auto [145.85pts],Pharma[475.30pts],IT[334.05pts],Metal [85.60pts],Realty[6.80 pts], Fin Serv sector[212.35pts].
World Indices Index
Value
% Change
DJI
24,874.64
+1.77
S&P500
2,682.63
+1.57
NASDAQ FTSE100
6,810.12 7,035.85
+1.43
21,831.93 24,732.97
+1.72 +0.64
NIKKEI HANG SENG
+0.14
Top Gainers Company
CMP
Change
% Chg
685
-
3.12
443.2
-
2.76
804
-
2.75
2,593.00
-
2.37
360.25
-
2.31
CMP
Change
% Chg
219.5 1,353.50 265.9 611
-
-4.77 -4.2 -4.13 -3.8
136.3
-
-3.64
TECHM ZEEL GRASIM DRREDDY GAIL
Top Losers Company
HINDPETRO INDUSINDBK BPCL CIPLA IOC
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
ATNINTER
0.2
0.05
25
BLUECHIP
0.5
0.05
10
DIVISLAB
1255.8
188.4
15
ICICILIQ
1000.01
0
0
1000
-0.01
0
LIQUIDETF
Stocks at 52 Week’s LOW Symbol
21STCENMGM 3IINFOTECH 8KMILES ABAN ABCAPITAL
Prev. Close
Change
%Chg
24.5 3.15 88.4 72.5 96.9
-0.45 -0.05 -4.4 -1.7 -2.05
-1.84 -1.59 -4.98 -2.34 -2.12
Indian Indices Company
CMP
Change
% Chg
NIFTY
10198.40
-52.50
-0.51
SENSEX
33891.13
-176.27
-0.52
_____________________________________________________________________________________________________________________ Please refer to disclaimer Epic Research Ltd www.epicresearch.co
Special Report 31-Oct-2018
RECOMMENDATIONS [FUTURE] 1.IRB [FUTURE ] As per daily chart the particular counter is moving in a downtrend but it has tendency to show pull back ,which it has made from its support level of 118 recently, buy on dip strategy would be good to go for it so we advice you to buy irb future around 127.50-128 for the targets of 133-138 with stoploss below 125.
2.INDUSINDBK [FUTURE] After beaking its crucial support level of 1423 the stock has confirmed its bearish continuation movement, yesterday the banking sector showed upward strength still it followed its downtrend, due to oversold condition a correction could be seen upto the level of 1400-1395, so its better to wait for your trade here we advice you to sell indusindbk future around 1400-1395 for the targets of 1375-55 with stoploss above 1415.
STOCK RECOMMENDATION [CASH] DELTACORP - [CASH] Stock has shown consolidation around the levels of 228199. It made multiple times reversals from these levels and shown moment between it. It took support of the around 209 and made a breakout and finally closed above 229.90 . The stockhastic has also shown a parallel reversal with respect to its price action. We recommend to buy around 231-232 for the target of 236-242 with the stop loss below 228.
MACRO NEW Trends on SGX Nifty indicate a positive opening for the broader index in India, a gain of 70.5 points or 0.69 percent. Nifty futures were trading around 11,299level on the Singaporean Exchange. The rupee on October 30 depreciated by 23 paise to close at 73.68 against the US dollar in line with fall in equities amid steady capital outflows and the strengthening of the American unit against major rivals overseas. At the Interbank Foreign Exchange, the rupee opened lower at 73.58 and lost further ground to hit an intra-day low of 73.70 against the US dollar on strong demand for the American currency from importers.However, the rupee clawed back some lost ground and finally settled the day at 73.68, down by 23 paise. Oil prices climbed for the first time in three days on Wednesday, but rising supply and fears over the outlook for demand amid the US-China trade war kept pressure on the market.Brent crude futures had gained 36 cents, or 0.5 percent, to $76.27 a barrel by 0110 GMT. They fell 1.8 percent on Tuesday, at one point touching their lowest since Aug. 24 at$75.09 a barrel. US West Texas Intermediate (WTI) crude futures advanced 27 cents, or 0.4 percent, to $66.45 a barrel on Wednesday.
_____________________________________________________________________________________________________________________ Please refer to disclaimer Epic Research Ltd www.epicresearch.co
Special Report 31-Oct-2018
STOCKS IN NEWS
MOST ACTIVE CALL OPTION Symbol
Optio Strike n Price Type
BANKNIFTY
Tata Global Beverages Q2: Consolidated profit rises 18 percent to Rs 169.7 crore versus Rs 143.8 crore; revenue increases 4.1 percent to Rs 1,760.8 crore versus Rs 1,692.1 crore YoY.
4,80,138
5,45,480 4,55,280
3,86,545
2,59,720
Pidilite Industries Q2: Profit slips 8.6 percent to Rs 231.2 crore versus Rs 252.9 crore; revenue rises 14.9 percent to Rs 1,757.4 crore versus Rs 1,529.9 crore YoY.
LTP
Traded Volume (Contracts)
CE
25,000 210.2
6,66,673
BANKNIFTY
CE
25,200 122.45
BANKNIFTY
CE
25,100 162.55
CESC
CE
900
0.05
12,221
CESC
CE
880
0.05
10,254
RELIANCE
CE
1,100
36.1
9,879
16,08,500
ICICIBANK
CE
340
22
8,238
31,87,250
ICICIBANK
CE
350 15.85
7,993
31,24,000
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST Symbol
Optio Strike n Price Type
NIFTY
Open Interest
14,98,750 NIFTY FUTURE 10,00,450
2,83,500
LTP
Traded Volume (Contracts)
Open Interest
PE
10,000 130.25
96,049
NIFTY
PE
10,100 160.7
70,690
BANKNIFTY
PE
24,000
18.9
4,37,056
BANKNIFTY
PE
24,500 66.95
3,72,810
CESC
CE
900
0.05
12,221
CESC
CE
880
0.05
10,254
RELIANCE
CE
1,100
36.1
9,879
38,88,600 The Nifty50 after a negative start managed to show 15,77,175 some recovery in first hour of trade itself and hit an intraday high of 10,285.10, but wiped out those gains in 7,35,340 late morning deals and gradually extended losses to hit 7,12,560 day's low of 10,175.35 in late trade. If the market is able 14,98,750 to sustain above 10,000 levels then it may head towards 10,400 levels in coming sessions, but one should be 10,00,450 cautiously optimistic and keep a strict stoploss below 16,08,500 10,020.
ICICIBANK
CE
340
22
8,238
31,87,250
FII DERIVATIVES STATISTICS BUY
SELL
No. of Contracts
Amount in Crores
INDEX FUTURES
52205
3355.18
48855
3154.42
INDEX OPTIONS
1907606
102477.59
1900413
STOCK FUTURES
287443
15535.84
STOCK OPTIONS
112977
6379.86
OPEN INTEREST AT THE END OF THE DAY
No. of Amount in No. of Contracts Crores Contracts
Amount in Crores
NET AMOUNT
333179
24136.73
200.7616
101973.62
784282
55116.90
503.97
283746
15401.63
1406210
79409.70
134.2111
109881
6211.58
87906
5103.46
168.2754 1007.2181
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
10329.00
10263.00
10219.00
10153.00
10109.00
BANKNIFTY
25306.00
25056.00
24871.00
24621.00
24436.00
_____________________________________________________________________________________________________________________ Please refer to disclaimer Epic Research Ltd www.epicresearch.co
Special Report 31-Oct-2018
RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD DEC FUT ABOVE 32000 TGT 32050 32100 SL BELOW 31950 SELL GOLD DEC FUT BELOW 31800 TGT 31750 31700 SL ABOVE 31850
SILVER TRADING STRATEGY: BUY SILVER DEC FUT ABOVE 38400 TGT 38450 38500 SL BELOW 38350 SELL SILVER DEC FUT BELOW 38250 TGT 38200 38150 SL ABOVE 38300
COMMODITY ROUNDUP Gold prices rose by another Rs 125 to trade at over six-year high of Rs 32,625 per 10 gram Thursday, buoyed by pick-up in festive and wedding season demand by local jewellers amid firm global trends and weakening rupee. Silver, however, remained weak and fell by Rs 130 to Rs 39,600 per kg due to slackened demand from industrial units. Bullion traders said sentiments also got a boost on firming trend in overseas where gold traded at over threemonth high as the dollar eased and equities slumped. Besides, weakness in the local currency also added to investor sentiments. Globally, gold was trading at USD 1,234.20 an ounce in Singapore Thursday. Besides, a pick-up in buying by local jewellers to meet seasonal demand at domestic spot markets and diversion of funds from falling equity markets also supported the uptrend, they said. In the national capital gold of 99.99 and 99.5 per cent purity rallied by Rs 125 each to Rs 32,625 and Rs 32,475 per 10 gram, respectively. This is the highest level since November 29, 2012 when the precious metal had closed at Rs 32,940 per ten gram. This is the third straight session of gain for the yellow metal which has gained Rs 405 since October 23. Sovereign gold, however, traded steady at Rs 24,800 per piece of eight gram. On the other hand, silver ready extended its weakness by prices falling by another Rs 130 to Rs 39,600 per kg. Silver coins, however, remained unaltered at Rs 76,000 for buying and Rs 77,000 for selling of 100 pieces. Weakness in global stock markets continued to weigh on crude oil futures. WTI Crude dropped around two month lows near $66 per barrel following the recent selloff. MCX Crude oil futures also fell under Rs 5000 per barrel following the global correction. US crude oil inventories, excluding the Strategic Petroleum Reserve, increased by 6.3 million barrel for the week ended October 19, according to data from the US Energy Information Administration or EIA. US crude oil imports averaged 7.7 million b/d, up by 63,000 barrels per day (b/d)from the previous week. Over the last 4 weeks, crude oil imports averaged 7.7 million b/d, 0.7% more than the same period last year. Total motor gasoline imports averaged 331,000 b/d. Distillate fuel imports averaged 163,000 b/d. Meanwhile, at 422.8 million bbl, US crude oil inventories are about 2% above the 5-year average for this time of year. Meanwhile, some bargain buying is possible in the commodity after a near 10 dollar correction in the prices from their four year highs. The low water levels on the Rhine River in Europe have resulted in transportation disruptions for shipments of petroleum products by barge.
_____________________________________________________________________________________________________________________ Please refer to disclaimer Epic Research Ltd www.epicresearch.co
Special Report 31-Oct-2018
RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM OCT ABOVE 10350 TARGET 10400 10450 SL 10300 SELL GUARGUM OCT BELOW 10050 TARGET 10000 9950 SL 10100
NCDEX INDICES Index
Value
% Change
Barley Castor Seed Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT
1879 5636 3990 5842 1850 4711.5
0.05 2.73 0.96 0.97 -1.2 -0.04
Jeera
19780
1.07
4176 3310 6722
-0.48 1.22 0.72
Mustardseed Soy Bean Turmeric
DHANIYA TRADING STRATEGY: BUY CORIANDER OCT ABOVE 5930 TARGET 5980 6030 SL 5880 SELL CORIANDER OCT BELOW 5800 TARGET 5750 5700 SL 5850
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.
_____________________________________________________________________________________________________________________ Please refer to disclaimer Epic Research Ltd www.epicresearch.co
Special Report 31-Oct-2018
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
73.5709 Yen
65.2800
Euro
83.7114 GBP
94.1840
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 94.80 TGT 95.30/95.80 SL BELOW 94.30 SELL GBPINR BELOW 93.00 TGT 92.50/92.00 SL ABOVE 93.50
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.
_____________________________________________________________________________________________________________________ Please refer to disclaimer Epic Research Ltd www.epicresearch.co
Special Report 31-Oct-2018
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS TIME (ET)
REPORT
PERIOD
ACTUAL
FORECAST
PREVIOUS
0.4%
0.3%
0.1%
0.0%
TUESDAY, OCT. 30
TUESDAY, OCT. 30
136.5
138.4
MONDAY, OCT. 29 8:30 am
Personal income
Sept. 8:30 am
8:30 am
Core inflation
Sept.
TUESDAY, OCT. 30
TUESDAY, OCT. 30
TUESDAY, OCT. 30
TUESDAY, OCT. 30
9 am 10 am
Consumer confidence index
Oct.
10 am
Home ownership
Q3 WEDNESDAY, OCT. 31
8:15 am
ADP employment
Oct.
8:30 am
Employment cost index
Q3
9:45 am
Chicago PMI
Oct.
THURSDAY, NOV. 1
THURSDAY, NOV. 1
THURSDA Y, NOV. 1
230,000 0.8%
0.6% 60.4
THURSDAY, NOV. 1
THURSDAY, NOV. 1
THURSDAY, NOV. 1
2.3%
2.9%
1.3%
-1.0%
8:30 am 8:30 am
Productivity
Q3
8:30 am
Unit labor costs
9:45 am
Markit manufacturing PMI
Oct. final
10 am
ISM manufacturing index
Oct.
58.8%
59.8%
10 am
Construction spending
Sept.
0.4%
0.1%
Varies
Motor vehicle sales
Oct.
17.2 mln
17.4 mln
Disclaimer Q3
55.9
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
_____________________________________________________________________________________________________________________ Please refer to disclaimer Epic Research Ltd www.epicresearch.co