Special Report 03-Nov-2018
Global markets at a glance US President Donald Trump said on November 2 that he will likely make a deal with China on trade, adding that a lot of progress had been made to resolve the two countries' differences but warning that he still may impose more tariffs on Chinese goods.Trump, speaking to reporters in Washington just two hours after his top economic adviser expressed caution about US-China trade relations, said: "China very much wants to make a deal."
World Indices
The United States said on November 2 it will temporarily allow eight importers to keep buying Iranian oil when it reimposes sanctions on November 5 to try to force Iran to curb its nuclear, missile and regional activities. Having abandoned the 2015 Iran nuclear deal, US President Donald Trump is trying to cripple Iran's oil-dependent economy and force Tehran to quash not only its nuclear ambitions and its ballistic missile program but its support for militant proxies in Syria, Yemen, Lebanon and other parts of the Middle East
Top Gainers
Value
% Change
DJIA
25270
-0.43%
S&P500
2,723.06
-0.63%
NASDAQ FTSE100
7434.06 7,026.32
1.72
NIKKEI HANG SENG
22243.66 26486.35
2.2 4.4
CMP
Change
Company
The market climbed on Friday in line with global stocks as crude prices fell and the rupee extended gains to touch a one-month high. Global shares rose on hopes of a trade agreement between China and the United States. The Sensex ended above the psychologically important 35,000 mark after moving above and below that level in intraday trade. Weakness in IT shares capped gains. The Sensex rose 579.68 points or 1.68% to settle at 35,011.65, its highest closing level since 16 October 2018. The index rose 758.23 points, or 2.20% at the day's high of 35,190.20. The index rose 217.83 points, or 0.63% at the day's low of 34649.80.The Nifty 50 index rose 172.55 points or 1.66% to settle at 10,553, its highest closing level since 16 October 2018. The index rose 226.50 points, or 2.18% at the day's high of 10,606.95. Index stats 25,701.65 9,180.20 10,864.95 28,836.80 14,396.70 2,475.85 3,439.25 9,547.85 2,923.15 14,552.65 221.3
1.49 4.15 1.69 1.7 -1.54 -0.66 3.02 -0.64 -0.61 1.66 0.2
1.32
% Chg
302.35
18.90
6.67
7,135.45
423.70
6.31
Vedanta
225.90
13.10
6.16
Tata Motors
190.30
10.85
6.05
1,541.80
77.85
5.32
BPCL Maruti Suzuki
IndusInd Bank
Top Losers Company
PREVIOUS DAY ROUNDOFF
NIFTY BANK NIFTY AUTO NIFTY FIN SERVICE NIFTY FMCG NIFTY IT NIFTY MEDIA NIFTY METAL NIFTY PHARMA NIFTY PSU BANK NIFTY PVT BANK NIFTY REALTY
Index
Tech Mahindra Wipro Dr Reddys Labs Bajaj Finance Cipla
CMP
Change
690.90 318.40 2,423.25 2,383.30 607.10
% Chg
-29.80 -11.25 -38.35 -34.80 -8.30
-4.13 -3.41 -1.56 -1.44 -1.35
Stocks at 52 Week’s HIGH Symbol
Prev. Close
ADANIPOWER
Change
%Chg
50.2
-0.9
-1.79
ATUL
3369.7
-34.7
-1.03
AXISGOLD
2849.8
8.2
0.29
BLUECHIP
0.7
0.05
7.14
DIVISLAB
-4
-0.27 0.01
Stocks at 52 Week’s LOW Symbol
8KMILES ADHUNIKIND ADROITINFO AIFL ANKITMETAL
Prev. Close Change
61.55 41.75 19.95 79.5 0.45
6.15 0.2 -0.55 -3.95 0.05
%Chg
9.99 0.48 -2.76 -4.97 11.11
Indian Indices Company
Nifty 50 BSE Sensex
CMP
Change
% Chg
10553
172.55
1.66
35011.65
579.68
1.68
_____________________________________________________________________________________________________________________ Please refer to disclaimer Epic Research Ltd www.epicresearch.co
Special Report 03-Nov-2018
RECOMMENDATIONS [FUTURE] 1.HPCL [FUTURE] Stock has shown consolidation from the bottom of Rs 163165 the chart with good volumes. We have seen the trend line breake out on daily chart. Our recommandation to buy from240 - 243 & target 248/252/257 Sl 234
2 .Arvind FUTURE]
On daily chart pattren we have seen the red maromozo & stock is close on 236.85 . On this price level we have seen multiple support level . After analysis of derivative data of arvind short position taken by the traders . So, our recommdation is th sell the futures around the levels of 330 -328 Sl above 335.
STOCK RECOMMENDATION [CASH] Bharat Forg - [CASH] Stock has shown good strenght on chart with good volumes. The closing of this stock above is resistance level of 602 . Its also traded above its poivot point level of 585 on daily chart .So we recommend you to buy around 610612 for the target of 612/618/623/630 with the stop loss below 606 . Positional target 650/700 within 10 days.
MACRO NEW Ringing in an early Diwali for micro, small and medium enterprises (MSMEs), Prime Minister Narendra Modi, on November 2nd delivered, "12 historic" gifts to the sector.These included availing loans in less than an hour, subsidised cost of capital, enhanced mandatory procurement of goods from MSMEs and 20 hubs and 100 spoke technology training centres. US stocks snapped a three-day rally on Friday as Apple shares dropped following a disappointing forecast and the White House dampened optimism over US-China trade talks.Apple Inc tumbled 6.6 percent, sending its market value below $1 trillion at the close, a day after the iPhone maker warned that sales for the crucial holiday quarter may miss expectations. Apple in August had become the first publicly listed U.S. company with a $1 trillion market value.The forecast dragged down shares of Apple's US suppliers, mostly chipmakers, and pushed the S&P technology sector down 1.9 percent. Former US President Barack Obama warned on November 2 against rhetoric he said was meant to sow fear as he campaigned in support of Democratic candidates while President Donald Trump hammered a hardline anti-immigration message to energize Republicans. Republican Party in control of Congress, while Democrats appeared to notch a win in their efforts to halt the spread of misinformation online.
_____________________________________________________________________________________________________________________ Please refer to disclaimer Epic Research Ltd www.epicresearch.co
Special Report 03-Nov-2018
STOCKS IN NEWS
MOST ACTIVE CALL OPTION
Punjab National Bank posted a staggering loss of Rs 4,532.35 crore for the September quarter on account of rising bad loans. “The financial results of the bank have been arrived at after considering provisions for non-performing assets, standard assets, restructured advances, standard derivative exposures and investment depreciation on the basis of extant guidelines issued by RBI,” the bank said.
12,418
25,19,500
7,000 300.1
11,797
83,775
CE
7,500 91.95
8,426
1,18,275
MARUTI
CE
7,200
200
7,681
1,08,000
Dabur's quarterly result was marked by positive trend on the volume growth and market share front. While slightly weaker margin profile was as per our expectations, moderation in management expectation for rural growth came as a surprise.
PNB
CE
80
1
7,372
65,06,500
Symbol
Optio Strike n Price Type
LTP
Traded Volume (Contracts)
Open Interest
BANKNIFTY
CE
26,000
62.5
7,48,255
7,20,920
BANKNIFTY
CE
25,800 125.05
4,84,777
3,23,960
BANKNIFTY
CE
25,900 89.65
3,79,443
2,30,180
RELIANCE
CE
1,100
28.1
MARUTI
CE
MARUTI
MARUTIACTIVE PUT CE OPTION 9,000 111.5 5,823 MOST Symbol
Optio Strike n Price Type
2,83,500
LTP
Traded Volume (Contracts)
Open Interest
BANKNIFTY PE
25,500 80.65
5,18,645
5,67,680
BANKNIFTY PE
25,000
16.1
3,99,397
7,88,700
BANKNIFTY PE
25,400 54.45
3,80,057
4,58,400
RELIANCE PE
1,060
28.4
3,912
RELIANCE PE
1,040
21
3,908
MARUTI PE
6,500
46.4
3,606
RELIANCE PE
1,000
11
3,604
PNB PE
70
4.5
3,547
6,22,500 NIFTY FUTURE From the daily chart after rebounding from its important support level of 10000 . This week we 7,44,500 have seen bulls are back with strong force. Our view on 72,000 nifty moves towords 10830 . The nifty future buy 10540 .Target for Nov Nifty Future is 9,97,000 around 10638/10713/10820. Stoploss 10480 19,58,000
FII DERIVATIVES STATISTICS BUY No. of Contracts
SELL Amount in Crores
OPEN INTEREST AT THE END OF THE DAY
No. of Amount in No. of Contracts Crores Contracts
Amount in Crores
NET AMOUNT
INDEX FUTURES
89650
6299.43
72862
4918.58
382608
29017.32
33759.792
INDEX OPTIONS
1372594
81599.98
1341626
79367.76
861929
63380.55
408778.9769
STOCK FUTURES
351323
19424.97
340617
18979.09
1386158
82048.14
115146.3879
STOCK OPTIONS
154802
8719.11
151191
8447.91
124033
7412.04
20012.5464 577697.7032
INDICES
R2
R1
PIVOT
S1
S2
NIFTY
10688.53
10620.77
10539.23
10471.47
10389.93
BANKNIFTY
26042.7
25872.2
25685.7
25515.2
25328.7
_____________________________________________________________________________________________________________________ Please refer to disclaimer Epic Research Ltd www.epicresearch.co
Special Report 03-Nov-2018
RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD DEC FUT ABOVE 31670 TGT 31740 31790 SL BELOW 31600 SELL GOLD DEC FUT BELOW 31820 TGT 31750 31680 SL ABOVE 31880
COMMODITY ROUNDUP The Trump Administration seems to be achieving its tri-fold agenda of punishing Iran while balancing the world’s energy needs and keeping oil prices low, as crude markets posted on Friday their largest weekly loss since February. Eight countries, including Japan, India, South Korea and China, will be given waivers to continue importing oil from Tehran once export sanctions against the Islamic Republic start this weekend, Bloomberg reported. Secretary of State Michael Pompeo confirmed that it will be eight nations, but added that details will be announced on Monday. Crude oil markets fell further on the news, adding to Thursday’s 3% drop and losses since Monday that culminated in their worst week since February. U.S. WTI settled down 55 cents lower at $63.14 per barrel. For the week, it lost 6.6%.U.K.Brent crude, the international benchmark for oil, was down 11 cents at $72.78 by 2:42 PM ET (18:42 GMT). Like WTI, it was also off 6.6% on the week.
SILVER TRADING STRATEGY: BUY SILVER DEC FUT ABOVE 38540 TGT 38644/38709 38709 SL BELOW 38440 SELL SILVER DEC FUT BELOW 38783 TGT 38680/38560 SL ABOVE 38550
Data showing the first weekly drop in four for the U.S. oil rig count didn't help, with just one rig reported off for this week.Just a month ago, Brent hit four-year highs above $86 and WTI scaled 2014 peaks of nearly $77. But all that changed in October, with U.S. crude losing 11% and the U.K. benchmark 9%, their most since July 2016. "Gold specs returned to reducing length, as investors took profits amid a more stable equity market," point out TD Securities reviewing the latest CFTC report. Key quotes "But, with the equity market still on edge and the VIX north of 20, along with the US dollar easing off the highs and the Chinese Yuan strengthening amid trade optimism, traders likely took on some new longs at the end of the week." "But given the strong US economic data and with the dollar remaining relatively strong, we do not anticipate enough investor interest to drive gold materially above $1,240/oz in the near term. "
_____________________________________________________________________________________________________________________ Please refer to disclaimer Epic Research Ltd www.epicresearch.co
Special Report 03-Nov-2018
RECOMMENDATIONS GUARGUM5 TRADING STRATEGY: BUY GUARGUM OCT ABOVE 10150 TARGET 10200 10250 SL 10050
NCDEX INDICES Index
Value
% Change
Barley
1920
-0.16
Castor Seed
5676
-0.77
Chana
4043
0.97
Coriander
6110
3
Cotton Seed Oilcake
1835
1.38
Guar Seed 10 MT
4630
1.74
20670
1.22
Mustardseed
4070
-0.61
Soy Bean
3375
0.36
Turmeric
6600
-1.79
Jeera
Academic research has to be conducted on agricultural risks and why even well-planned agricultural development initiatives in the past decades have not yielded expected outcomes, the Additional Principal Secretary to the PM, PK Mishra, has said.
DHANIYA TRADING STRATEGY: BUY CORIANDER OCT ABOVE 6120 TARGET 6150 6170 6200 SL6030
In his inaugural address to the 78th annual conference of the Indian Society of Agricultural Economics in New Delhi on Thursday, Mishra said there were a few fundamental issues of concern: The need to address agricultural risks effectively and integrating them with policy and practice. The inability to meet desired results in the sector may be because the three aspects have not been addressed effectively by conventional policy which worked in silos, he said.. owever, in the last four years, the Modi government has effected a ‘paradigm shift’, with an integrated approach and a comprehensive framework to address farmer distress and moved beyond productivity alone, he said. This framework has focused on increasing production and reducing input costs and losses, expanding risk mitigation measures to protect the farmer against yield and price risks, pushing up investment in the sector and introducing governance reforms, he said. The government is considering paying a part of the agriculture power subsidy directly to farmers, instead of free or cheap electricity, as part of a move to rationalise farm sector subsidies. Coming ahead of general elections next year, the proposal, if it goes through, is expected to put more money into the hands of farmers, enabling more investments in the industry and higher consumption to boost the overall economy, officials familiar with the development said.
_____________________________________________________________________________________________________________________ Please refer to disclaimer Epic Research Ltd www.epicresearch.co
Special Report 03-Nov-2018
RBI Reference Rate Currency
Rate Currency
Rate
Rupee- $
73.13 Yen
0.640
83.3300 GBP
94.7025
Euro USD/INR
TRADING STRATEGY: BUY USDINR ABOVE 72.20 TGT 72.60/72.8 SL BELOW 71.9 SELL USDINR BELOW 72.5 TGT 72.20/71.85 SL ABOVE 72.85
The rupee depreciated by 0.96 paise to close at nearly three-week low of 72.49 against the US dollar Wednesday as the American currency strengthened against major global currencies overseas amid steady capital outflows. Forex traders said increased demand for the US currency from importers and concerns around the rift between the government and the RBI weighed on the local unit. The British pound jumped on Thursday on a report that UK Prime Minister Theresa May has struck a deal with Brussels on financial services, while the dollar held near a 16-month high versus a basket of its key rivals on strong US economic data. The greenback got a lift overnight after the ADP national employment report showed that US private sector payrolls increased by the most in eight months in October, confirming that the economy continues to grow at a relatively robust pace
GBP/INR TRADING STRATEGY: BUY GBPINR ABOVE 94.80 TGT 95/95.20 SL BELOW 94.40 SELL GBPINR BELOW 94.60 TGT 94.25/93.95 SL ABOVE 94.85
That reinforced expectations for continued rate increases by the Federal Reserve, with a 25-basis-point hike seen in December and potentially two more in 2019. The dollar index, a gauge of its value versus six major peers moved a touch down at 96.91, still close to a 16-month high of 97.2 hit in the previous session. The spotlight in the Asian morning fell on the sterling , which jumped as much as 0.6 per cent against the dollar following a report by the Times of London that May has struck a deal with Brussels on financial services. This would give UK financial services companies continued access to European markets after Brexit. The pound, which was last $1.2843, up 0.62 per cent on the day, has lost 3.6 per cent versus the dollar over the past three weeks as markets fretted over whether Britain would secure an orderly exit from the European Union.
_____________________________________________________________________________________________________________________ Please refer to disclaimer Epic Research Ltd www.epicresearch.co
Special Report 03-Nov-2018
Date
Commodity/ Currency Pairs
02/11/18
NCDEX DHANIYA
NOV
BUY
02/11/18
NCDEX DHANIYA
NOV
02/11/18
NCDEX GUARGUM5
02/11/18
Contract Strategy
Entry Level
Target
Stop Loss
Remark
6035
6050 6100
5995
TARGET HIT
SELL
6000
5970 5940
6040
NOT EXECUTED
NOV
BUY
10045
10065 10280
9990
TARGET HIT
NCDEX GUARGUM5
NOV
SELL
10020
10100
NOT EXECUTED
02/11/18
MCX GOLD
Dec
BUY
31870
31956 32072
31780
OPEN
02/11/18
MCX GOLD
Dec
SELL
31717
31605 31544
31850
TARGET HIT
02/11/18
MCX SILVER
Dec
SELL
38593
38344 38212
38700
NOT EXECUTED
02/11/18
MCX SILVER
Dec
BUY
38935
39150 39268 38850
38750
NOT EXECUTED
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
Entry Level
Target
Stop Loss
Remark
02/11/18
NIFTY
FUTURE
BUY
10580
10650
10530
OPEN
02/11/18
ESCORT
FUTURE
BUY
663-665
675 /682/689
659
Open
02/11/18
TITAN
FUTURE
BUY
860
867/875/883
754
TARGET HIT
02/11/18
JINDAL STEEL &POWER
CASH
BUY
187
TARGET HIT
231-232
10000 9950
180
_____________________________________________________________________________________________________________________ Please refer to disclaimer Epic Research Ltd www.epicresearch.co
Special Report 03-Nov-2018
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS TIME (ET)
REPORT
PERIOD
ACTUAL
MEDIAN FORECAST
PREVIOUS
MONDAY, OCT. 29
8:30 am
Personal income
Sept.
0.2%
0.4%
0.4%
8:30 am
Consumer spending
Sept.
0.4%
0.4%
0.5%
8:30 am
Core inflation
Sept.
0.2%
0.1%
0.0%
TUESDAY, OCT. 30
9 am
Case-Shiller home price index
Aug.
5.8%
--
6.0%
10 am
Consumer confidence index
Oct.
137.9
136.4
135.3
10 am
Home ownership
Q3
64.4%
--
64.3%
WEDNESDAY, OCT. 31
8:15 am
ADP employment
Oct.
227,000
--
218,000
8:30 am
Employment cost index
Q3
0.8%
0.7%
0.6%
8:30 am
Treasury quarterly refunding
9:45 am
Chicago PMI
Oct.
58.4
--
60.4
THURSDAY, NOV. 1
8:30 am
Weekly jobless claims
10/27
212,000
215,000
8:30 am
Productivity
Q3
2.3%
2.9%
8:30 am
Unit labor costs
Q3
1.1%
-1.0%
9:45 am
Markit manufacturing PMI
Oct. final
--
55.9
10 am
ISM manufacturing index
Oct.
58.7%
59.8%
10 am
Construction spending
Sept.
0.2%
0.1%
Varies
Motor vehicle sales
Oct.
17.2 mln
17.4 mln
FRIDAY, NOV. 2
8:30 am
Nonfarm payrolls
Oct.
202,000
134,000
8:30 am
Unemployment rate
Oct.
3.7%
3.7%
8:30 am
Average hourly earnings
Oct.
0.1%
0.3%
8:30 am
Trade deficit
Sept.
-$53.6bln
-$53.2bln
10 am
Factory orders
0.5%
2.3%
Sept. Disclaimer
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 Clients (Paid or Unpaid), any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.
_____________________________________________________________________________________________________________________ Please refer to disclaimer Epic Research Ltd www.epicresearch.co