epic research special report of 14 mar 2016

DAILY REPORT 14

th MARCH 2016

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Global markets at a glance European shares bounced back on Friday, with ECB new cheap funding plan supporting lenders in the euro zone periphery and a recovery in metal and oil prices. The FTSEurofirst 300 index ended up 2.7% at 1,347.47pts, after falling 1.8% on Thursday. The banking stocks index was up 4.9%, the top sectoral gainer, after choppy moves on Thursday when the ECB cut rates and said it would start buying corporate debt and even pay banks that lent to companies in an attempt to kickstart growth. U.S. stocks closed sharply higher Friday as oil prices rose and investors took a more positive view of Thursday's Euro-pean Central Bank announcements on stimulus. The major U.S. averages rallied more than 1% to swing into positive territory for the week, their fourth-straight week of gains since November. Both the Dow and S&P 500 ended at their highest since intraday trade on Jan. 4, the first trading day of the year. As of Friday's close, the indexes were just about 1% lower year-to-date. The S&P 500 gained 1.6% to top the psychologically key 2,000 level and close above its 200-day moving average for the first time since Dec. 30. Hong Kong shares rose over 1% on Friday as Asian markets clawed back earlier losses incurred after ECB signalled it had limited room for further policy easing. The Hang Seng index rose 1.1% to 20,199.60, while the China Enterprises Index gained 1.7% to 8,561.37 points. For the week, Hang Seng rose only 0.1%, as its month-long rally lost steam. Previous day Roundup The market bounced back amid consolidation on Friday, majorly supported by Europe and crude oil rally but the broader markets ended flat. The Sensex rose 94.65pts to 24717.99. The Nifty managed to get back above 7500 mark after roller coaster ride, up 24.05pts to 7510.20. The mar-ket breadth remained weak as about 1459 shares declined against 1104 advancing shares on BSE. Experts remained bullish on market for the medium to long term but for near term, they expect some correction and consolidation. For the week, the Sensex and Nifty gained 0.3 percent each due to lack of major domestic and global cues. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 8.80pts], Capital Goods [up 30.80Pts], PSU [down 23.63pts], FMCG [up 91.68Pts], Realty [down 3.55pts], Power [down 7.94pts], Auto [up 72.31Pts], Healthcare [up 84.94Pts], IT [down 1.72pts], Metals [down 52.13Pts], TECK [up 1.97pts], Oil& Gas [up 43.41pts].

World Indices

Index Value % Change

D J l 17213.31 +1.28

S&P 500 2022.19 +1.64

NASDAQ 4748.47 +1.85

FTSE 100 6139.79 +1.71

Nikkei 225 16938.87 +0.51

Hong Kong 20199.60 +1.08

Top Gainers

Company CMP Change % Chg

CAIRN 146.65 6.05 4.30

HINDUNILVR 856.00 18.45 2.20

ADANIPORTS 231.00 4.55 2.01

LUPIN 1,857.10 36.15 1.99

ZEEL 398.90 7.15 1.83

Top Losers


IDEA 102.35 2.30 -2.20

KOTAKBANK 644.00 10.60 -1.62

TECHM 459.00 7.15 -1.53

POWERGRID 138.05 1.60 -1.15

TATASTEEL 294.60 2.10 -0.71

Stocks at 52 Week’s HIGH

Symbol Prev. Close Change %Chg

DWARKESH 174.00 1.05 0.61

MARICO 247.65 10.00 4.21

OMAXE 141.30 1.15 0.82

TORNTPOWER 247.45 5.25 2.17

WELSPUNIND 973.55 74.25 8.26

Indian Indices


NIFTY 7510.20 +24.05 +0.32

SENSEX 24717.99 +94.65 +0.38

Stocks at 52 Week’s LOW

Symbol Prev. Close Change %Chg

COLPAL 815.00 6.90 0.85

J&KBANK 62.35 -1.75 -2.73

PRESTIGE 145.00 -2.55 -1.73

SEQUENT 172.00 -7.40 -4.12

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DAILY REPORT 14

th MARCH 2016


STOCK RECOMMENDATION [CASH] 3. BROOKS

Again BROOKS taking reversal from resistance of 99.50 where 100 is strong psychological resistance for that in last session it finished at 94.55 after making high of 99.40 since the last day candle is bearish hammer so it will be sell be-low 93 for target of 90 85 with stop loss of 95 MACRO NEWS WPI, CPI will be watched today. India's IIP for January has come in at -1.5. Dec IIP has

been revised to -1.2% against -1.3% reported earlier. Coal India goes ex-dividend today - Dividend declared: Rs

27.4/share NMDC sets lump ore prices at Rs 1,950/wmt, fines at Rs

1,710/wmt from March 11 Govt took Rs12,489cr hit as telcos understated revenue' Kingfisher Airlines in trouble: Vijay Mallya's Rs 1,500-

crore personal guarantee isn't easy to enforce RIL must drop arbitration to hike gas price: Ministry Firms like ONGC Videsh, IOC and others plan to sign oil

deals with Rosneft next week: Sources India discussing oil-for-food scheme with oil rich nations Urea demand dips due to its neem coating: Hansraj Gan-

garam Ahir Govt set up AIIMS-like facility for ayurveda, homeopathy Airtel, Vodafone, Idea, RCom, Tata Tele and Aircel

charged with hiding revenue worth Rs 46,000 crore Over 250 imported food samples rejected: Government Tide Water Oil stock Split 1:2 on March 16 (ex date)- Welspun India - 1:10 Split - ex-date March 21 Arvind Remedies -March quarter results: Net loss of Rs

186 crore versus profit of Rs 10.6 crore Fed, BOJ in the spotlight but no fireworks expected China's industrial output growth wanes Glenmark Pharmaceuticals receives ANDA approval for

Frovatriptan Succinate rablets, 2.5 mg

STOCK RECOMMENDATIONS [FUTURE] 1. APOLLO TYRE [FUTURE]

In FEB series we saw sharp bounce in Apollotyre but despite of rally by Nifty it given subdued move in last six to seven session but on daily chart it is moving in rising wedge pattern for that we may see vertical since in last session it create doji candle on daily chat for that still we may see a small bounce up to 176-178 which will be best selling zone with stop loss of 181 but 172 is also resistance so it can be short around 171-172 with strict stop loss of 173 for target of 169 166 2. COLPAL [FUTURE]

In last session COLPAL future traded with pressure and made new 52 week low of 792.65 but with recover in index it bounce and end around one per cent gain since the EOD candle is bullish hammer which is strong sign of reversal for that we may see two to three per cent up move so buy it above 820 with stop loss of 810 for target of 830 840 850 where 850 will be again strong selling points with stop loss of 855


DAILY REPORT 14

th MARCH 2016


FUTURE & OPTION

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 8,000 39.80 2,33,012 55,62,675

NIFTY CE 8,100 21.75 1,46,587 48,57,300

BANKNIFTY CE 17,000 151.35 42,269 4,86,780

TATASTEEL CE 280 7.40 4,327 14,86,000

IFCI CE 30 1.10 3,545 1,07,20,000

SBIN CE 230 2.65 3,161 54,84,000

LT CE 1,300 18.25 2,289 6,16,200

RELINFRA CE 620 25.00 2,289 5,82,400

MOST ACTIVE PUT OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 7,700 87.50 1,61,166 44,92,800

NIFTY PE 7,800 125.85 1,52,661 42,26,850

BANKNIFTY PE 16,000 144.85 42,029 4,38,780

TATASTEEL PE 250 3.00 2,528 18,50,000

TATASTEEL PE 260 5.25 2,117 13,82,000

SBIN PE 220 7.50 1,885 17,92,000

SBIN PE 210 3.55 1,545 17,80,000

RELINFRA PE 600 22.50 1,402 5,53,800

FII DERIVATIVES STATISTICS

BUY OPEN INTEREST AT THE END OF THE DAY SELL

No. of

Contracts Amount in

Crores No. of

Contracts Amount in

Crores No. of

Contracts Amount in

Crores NET AMOUNT

INDEX FUTURES 37585 1996.96 20942 1065.35 312014 17095.10 931.61

INDEX OPTIONS 642288 35240.06 645367 35346.58 1369477 76069.60 -106.52

STOCK FUTURES 61004 2817.27 68034 3195.45 1046442 47160.88 -378.19

STOCK OPTIONS 44101 2039.00 44602 2053.39 73706 3344.55 -14.38

TOTAL 432.53

STOCKS IN NEWS Moody's retains ratings on SBI, IDBI; sees NPA woes

stabilising LakshmiVilas Bank achieved Rs 42,000cr business so far Yes Bank in pact with India-Brazil chamber for strategic

cooperation Dr Reddy's, TR-Pharm announce collaboration for 3

biosimilars CIL to adopt high-tech equipment for underground,

open cast mining ApolloTyres finds skills shortage in Hungary a challenge M&M plays fuel efficiency card to push truck, bus sales NIFTY FUTURE

In last trading session Nifty traded around 100 points though with a slower momentum. Nifty may repeat the trading range. So we advise you to buy Nifty on a dip around 7450 for the targets of 7550 and 7650 with strict stop loss of 7300

INDICES R2 R1 PIVOT S1 S2

BANK NIFTY 15,498.00 15,333.00 15,178.00 15,013.00 14,858.00

NIFTY 7,588.00 7,549.00 7,504.00 7,465.00 7,420.00


DAILY REPORT 14

th MARCH 2016


RECOMMENDATIONS

GOLD

TRADING STRATEGY:

BUY GOLD ABOVE 29600 TARGET 29680 29780 SL 29500

SELL GOLD BELOW 29500 TARGET 29420 29320 SL 29600

SILVER

TRADING STRATEGY:

BUY SILVER ABOVE 37700 TARGET 37900 38200 SL 37400

SELL SILVER BELOW 37400 TARGET 37200 36900 SL 37700

COMMODITY ROUNDUP

Copper gained in the intraday trades though the prices re-mained in a range and were less volatile compared to some of the other sessions. The prices tested a high of Rs 336.80 per kg and a low of Rs 334 per kg. When last checked Cop-per was trading at Rs 334.45 per kg, down 0.47%. Copper prices may have hit a floor this year, but as fundamentals finally shift in the metal's favor and despite a strong start to 2016, investors should treat any upside with caution, mar-ket sources. Lower spot prices have continued to put the brakes on global copper production this year, with closures reported in Africa, China and Chile announced in the last few months, on top of significant cutbacks in 2015. Chile's copper output in Jan declined by 14% compared to a year earlier, to just over 450,000mt, its biggest monthly fall in nearly five years. Chilean copper production is expected to be low in February.

COMEX Gold eased amid a continued correction as a drop after yesterday's rally extended ahead of weekend. The Euro hovered around 1.1100 per US dollar after recovering from a three week low yesterday. The ECB announced fur-ther monetary easing yesterday. The bank trimmed its benchmark interest rate to a record-low 0.0% from 0.05%, in a rather surprise decision. The central bank also cut its deposit facility rate to -0.4% from -0.3%, in line with market expectations. The ECB also said it was to increase the size of its monthly quantitative easing program to 80 billion Euros from the current 60bn Euro, starting in April.

However, ECB chief Mario Draghi stated that it was unlikely the latest rate cut would be followed with further reduc-tions. This statement has supported Euro somewhat and is also ensuring that Gold stays under check ahead of week-end. The shiny metal is currently trading at $1265 per ounce, down 0.61% on the day. MCX Gold futures are trad-ing at Rs 29691 per 10 grams, down 0.80% on the day.

Brent crude was on track for its third weekly gain on Friday, supported by an optimistic report from the IEA that said the market may have reached its bottom. Still, analysts cau-tioned that a large glut of oil remained, with Goldman Sachs warning that US crude could saturate storage in the coming months. US crude futures were trading at $38.64 a barrel, up 80 cents from their last close, having hit a 2016 high of $38.96 earlier in the day. Brent crude futures were at $40.65 a barrel, up 60 cents, and on track for their third weekly gain in a row.


DAILY REPORT 14

th MARCH 2016


NCDEX

NCDEX INDICES

Index Value % Change

CHANA 4411 +0.55

CORIANDER 6710 -2.89

COTTON SEED 2196 +0.18

GUAR SEED 3078 +1.28

JEERA 14870 -1.95

MUSTARDSEED 3986 +1.87

SOY BEAN 3700 +1.48

SUGAR M GRADE 3266 +2.29

TURMERIC 9050 +1.55

WHEAT 1590 +2.51

RECOMMENDATIONS

DHANIYA

BUY CORIANDER APR ABOVE 6820 TARGET 6865 7015 SL

BELOW 6755

SELL CORIANDER APR BELOW 6710 TARGET 6665 6515 SL

ABOVE 6775

GUARGUM

BUY GUARGUM MAR ABOVE 5620 TARGET 5670 5740 SL

BELOW 5560

SELL GUARGUM MAR BELOW 5490 TARGET 5440 5370 SL

ABOVE 5550

February exports are up 20.6% on January volumes, which were 4.45mt. Cumulating volumes for 2016, Brazilian corn exports are at 9.83 mt. Corn exports are set to shrink in the coming months, giving way to soybean shipments. As soy-beans are harvested, producers start planting the second crop, which includes corn, cotton, rice, and beans. An in-crease in the acres planted to corn for the second crop, plus a good harvest, is expected, boosting exports again during the second half of the year. Consultant at INTL FCStone, Brazil may achieve record highs for corn exports. The main factor driving exports is the exchange rate. Last year, the U.S. dollar was worth R$2.80. Now the dollar is worth R$4. For us, its beneficial to export, and its also good for buyers

Come November and Darjeeling export tea prices in the European market will soar by an average of 10 per cent, the reason being the full-scale rollout of the GI tag in Germany. A blend of 51% tea from the Darjeeling hills with produce from other Himalayan regions used to be termed the “precious brew” across tea drinking countries in Europe. This will give way to using only tea originating from the hills in northern West Bengal. This in turn will result in more de-mand for from packagers.

With current US and world soybean supplies in surplus, the size of the 2016 US crop will be very important in determin-ing the direction of soybean prices over the next year or more. With small changes in soybean acreage anticipated, the US average yield will become the focus of the soybean market as the planting and growing season progresses, ac-cording to a University Of Illinois economic forecast. With planted acreage of 82.5mn acres, harvested acreage would likely be near 81.6mn acres.


DAILY REPORT 14

th MARCH 2016


RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 67.0868 Yen-100 59.1300

Euro 74.9427 GBP 95.7530

CURRENCY

USD/INR

BUY USD/INR MAR ABOVE 67.44 TARGET 67.57 67.72 SL BE-

LOW 67.24

SELL USD/INR MAR BELOW 67.24 TARGET 67.11 66.96 SL

ABOVE 67.44

EUR/INR

BUY EUR/INR MAR ABOVE 74.8 TARGET 74.95 75.15 SL BE-

LOW 74.6

SELL EUR/INR MAR BELOW 74.55 TARGET 74.4 74.2 SL

ABOVE 74.75

CURRENCY MARKET UPDATES: Extending gains against the American currency for the 3rd consecutive day, rupee Friday ended at 67.05 per dollar, higher by 2 paise on persistent selling of greenback by banks and exporters in view of sustained foreign capital inflows into equities. A recovery in the domestic equity market also boosted the rupee value against the dollar. The rupee resumed lower at 67.15 as against Thursday's closing level of 67.07 at Inter-bank forex market and dropped further to 67.25 on initial dollar demand from banks. It recovered afterwards to 66.94 on fag-end selling of dollars before ending at 67.05, showing a gain of 2 paise or 0.03%. It has gained by 30 paise 0.45% in three days. The domestic currency hovered in a range of 66.94 and 67.25 per dollar during the day. In cross-currency trades, the rupee declined against the pound sterling to finish at 95.83 from 95.33 yesterday and also moved down against the euro to close at 74.32 from 73.59. The domestic unit firmed up further against the yen to settle at 58.91 per 100 yens from 59.02 yesterday. The US dollar was recovering against a basket of currencies on Friday, having plunged after ECB expanded its stimulus plan but signalled there could be no rate-cut in the future. The dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, was up 0.47% at 96.65, off the previous session's one-month lows of 95.94. The ECB decided on Thursday to cut the main refinancing operations interest rate for the euro area by five basis points to a record low of zero percent. European unit dropped 0.77% to 1.1092 versus the green-back, pulling away from the previous session's one-month peak of 1.1217. The euro had found some support after ECB President Draghi said on Thursday that the central bank did not anticipate that it will be necessary to reduce interest rates further, but added that this could change. USD/JPY gained 0.49% to 113.76. As against the pound, dollar was lower with GBP/USD up 0.09% at 1.4292, near Thursday's three-week high of 1.4321. UK trade deficit nar-rowed to £10.29bn in January from £10.45bn in Dec, whose figure was revised from an initial deficit of £9.92bn.


DAILY REPORT 14

th MARCH 2016


Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

11/03/16 NCDEX DHANIYA APR. BUY 7060 7105-7255 6995 NOT EXECUTED

11/03/16 NCDEX DHANIYA APR. SELL 6835 6790-6640 6900 BOOKED PROFIT

11/03/16 NCDEX GUARGUM MAR. BUY 5470 5520-5590 5410 NOT EXECUTED

11/03/16 NCDEX GUARGUM MAR. SELL 5620 5570-5500 5680 BOOKED PROFIT

11/03/16 MCX GOLD APR. BUY 30000 30080-30180 29900 NOT EXECUTED

11/03/16 MCX GOLD APR. SELL 29800 29720-29620 30000 BOOKED FULL PROFIT

11/03/16 MCX SILVER MAR. BUY 37800 38000-38300 37500 NOT EXECUTED

11/03/16 MCX SILVER MAR. SELL 37400 37200-36900 37800 NOT EXECUTED

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

11/03/16 NIFTY FUTURE BUY 7400-7410 7490-7580 7300 NOT EXECUTED

11/03/16 IGL FUTURE SELL 548-50 540-530 555 NOT EXECUTED

11/03/16 SRTRANSFIN FUTURE SELL 920 905-890 931 CALL OPEN

11/03/16 KRBL CASH BUY 218 235-250 207 SL TRIGGERED


DAILY REPORT 14

th MARCH 2016


NEXT WEEK'S U.S. ECONOMIC REPORTS

ECONOMIC CALENDAR

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Disclaimer

TIME REPORT PERIOD ACTUAL CONSENSUS

FORECAST PREVIOUS

MONDAY, MARCH 14

- -

TUESDAY, MARCH 15

8:30 AM RETAIL SALES FEB. -0.3% 0.2%

8:30 AM RETAIL SALES EX-AUTOS FEB. -0.3% 0.1%

8:30 AM PRODUCER PRICE INDEX FEB. -0.1% 0.1%

8:30 AM EMPIRE STATE INDEX MARCH -10.0 -16.6

10 AM HOME BUILDERS' INDEX MARCH -- 58

10 AM BUSINESS INVENTORIES JAN. 0.0% 0.1%

WEDNESDAY, MARCH 16

8:30 AM CONSUMER PRICE INDEX FEB. -0.2% 0.0%

8:30 AM CORE CPI FEB. 0.2% 0.3%

8:30 AM HOUSING STARTS FEB. 1.158MLN 1.099MLN

8:30 AM BUILDING PERMITS FEB. 1,205MLN 1.202MLN

9:15 AM INDUSTRIAL PRODUCTION FEB. -0.7% 0.9%

9:15 AM CAPACITY UTILIZATION FEB. 76.6% 77.1%

2 PM FOMC ANNOUNCEMENT

2:30 PM JANET YELLEN PRESS CONFERENCE

THURSDAY, MARCH 17

8:30 AM WEEKLY JOBLESS CLAIMS 3/12 N/A N/A

8:30 AM PHILLY FED MARCH -4.0 -2.8

8:30 AM CURRENT ACCOUNT Q4 -- -$124BLN

FRIDAY, MARCH 18

10 AM CONSUMER SENTIMENT MARCH 92.2 91.7


epic research special report of 14 mar 2016

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