epic research special report of 21 oct 2015

DAILY REPORT

21st

OCT. 2015

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Global markets at a glance

US stocks ended slightly lower on Tuesday as a decline in healthcare and biotech stocks offset gains in United Tech-nologies and Verizon. A 5.7 percent drop to USD 140.64 in IBM also weighed on the market. The stock hit a five-year intraday low at USD 140.28 after it reported a bigger-than-expected decline in quarterly revenue and cut its full-year profit forecast. The S&P healthcare sector fell 1.5 percent, while the Nasdaq Biotech Index .NBI dropped 3.2 percent. Concerns about drug pricing have hit biotech and other healthcare shares.

During the regular session, advancing issues outnumbered declining ones on the NYSE by 1,888 to 1,170, for a 1.61-to-1 ratio on the upside; on the Nasdaq, 1,426 issues fell and 1,345 advanced for a 1.06-to-1 ratio favoring decliners. The S&P 500 posted 24 new 52-week highs and 3 new lows; the Nasdaq recorded 66 new highs and 49 new lows. About 6.0 billion shares changed hands on US exchanges, below the 7.3 billion daily average for the past 20 trading days

Asian stocks are in another mixed trading session early Wednesday, following a lackluster lead from Wall Street. Japan's Nikkei 225 index outperformed the region in early trade, with financials and exporters leading the charge. China's Shanghai Composite index opened flat around 3,424.3 points, a day after rising 1.1%. Meanwhile, Hong Kong markets are closed for the Chung Yeung Festival.

Previous day Roundup

The market saw mild profit booking amid consolidation on Tuesday after nearly a 600-point rally on Sensex in previous three consecutive sessions. Oil, metals, capital goods and select banking & financials stocks pushed market lower. The Sensex fell 58.09 points to 27306.83 and the Nifty de-clined 13.40 points to 8261.65. However, the broader mar-

kets outperformed benchmarks with BSE Midcap and Smallcap indices rising 0.5% and 0.2%, respectively.

Index stats

The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 54.40pts], Capital Goods [down 8.24pts], PSU [down 16.71pts], FMCG [down 16.97Pts], Realty [up 9.66pts], Power [up 26.24pts], Auto [up 55.31Pts], Healthcare [down 60.49Pts], IT [up 110.98pts], Metals [down 136.05pts], TECK [up 45.88pts], Oil& Gas [down 67.31pts].

World Indices

Index Value % Change

D J l 17217.11 -0.08

S&P 500 2030.77 -0.14

NASDAQ 4880.97 -0.50

FTSE 100 6345.13 -0.11

Nikkei 225 18355.15 +0.81

Hong Kong 22989.22 -0.37

Top Gainers

Company CMP Change % Chg

BOSCHLTD 21,580.00 447.55 2.12

TATAPOWER 70.80 1.35 1.94

POWERGRID 135.95 2.15 1.61

TCS 2,523.20 34.45 1.38

INFY 1,126.30 14.35 1.29

Top Losers


VEDL 101.20 6.95 -6.43

CAIRN 153.70 6.05 -3.79

TATASTEEL 240.45 7.95 -3.20

HINDALCO 84.45 2.30 -2.65

M&M 1,248.00 33.25 -2.60

Stocks at 52 Week’s HIGH

Symbol Prev. Close Change %Chg

CADILAHC 432.75 2.00 0.46

DRREDDY 4,315.60 -32.00 -0.74

ESCORTS 177.70 -1.20 -0.67

IDBI 84.70 1.50 1.80

JINDALPOLY 550.60 58.90 11.98

JSL 48.90 6.00 13.99

KAJARIACER 919.00 25.80 2.89

Indian Indices


NIFTY 8261.65 -13.40 -0.16

SENSEX 27306.83 -58.09 -0.21

Stocks at 52 Week’s LOW

Symbol Prev. Close Change %Chg

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DAILY REPORT

21st

OCT. 2015


STOCK RECOMMENDATION [CASH] 3. KWALITY [CASH]

Last week KWALITY made new 52 week high two times but it could not sustain at higher level and given close near to days open but at last session it made new 52 week high of 108.60 with double of volume to its average so we advise to buy it above 109 for TGT of 112-115 use SL at 106. MACRO NEWS BajajFin Q2 profit jumps 42% despite higher provision JubilantLife gets USFDA nod for migraine treatment drug Housing.com to raise $60-70 mn in coming weeks Global woes, rate cut delays to hinder India recovery:

BoFA ML FY'15 witnessed highest import of coal in India at

212.103 MT JLR to launch updated 'Range Rover Evoque' in India next

month HCL Tech to take over Volvo's IT ops, to rebadge as many

as 2600 staff Maruti launches Ciaz RS variant starting at Rs 9.2 lakh Ink FTA with EU to offset adverse impact of TPP on tex-

tiles: Assocham IOC sells rare Kandla cargo at small premium Hero MotoCorp Q2 Net Profit Up 1.1% At 772Cr(YoY)

Total Income Down 1.1% At 6,837.1Cr(YoY) EBITDA Up 15.9% At 1,083Cr(YoY) EBITDA Margin At 15.8% Vs 13.5%

ACC Q3 Cons Net Profit Down 40.2% At 115.2Cr(YoY) Cons Total Income Down 0.9% At `2,790Cr(YoY) Cons EBITDA Down 17.3% At 313Cr(YoY) Cons EBITDA Margin At 11.2% Vs 13.5%(YoY)

Biocon Q2 Cons Net Profit At `306 Cr Vs `102 Cr (YoY) Cons Revenue Up 10.5% At `837.2 Cr Vs `757.6 Cr (YoY) Cons EBITDA Up 14.5% At `198 Cr Vs `173 Cr (YoY)

S&P Revises Vedanta Resources Plc To Rating 'B+' From 'BB-'

TCS Announces Global Alliance Partnership With Tableau RCom, Aircel and Sistema on concall for three way

merger

STOCK RECOMMENDATIONS [FUTURE] 1. AJANTA PHARMA [FUTURE]

After gap up start AJANTPHARMA FUTURE given sharp rise of 3% in early session in last session but at higher level it faced fresh selling for that it finished with minor gain near to open-ing level and on EOD chart it create reversal Gravestone Doji candle so we advise to sell it below 1582 for target of 1565-1545-1525 use stop loss at 1507.

2. ARVIND [FUTURE]

ARVIND FUTURE again traded in fix range it still getting hur-dle near 297 while 300 is psychological resistance for that in row of third trading session it created reversal sign candle on EOD chart and we seen to momentum indicator they are in fix range while Stochastic given negative cross over so sell it around 293-295 use stop loss of 300 for target of 288-282.


DAILY REPORT

21st

OCT. 2015


FUTURE & OPTION

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 8,300 47.50 7,86,469 61,78,950

NIFTY CE 8,200 99.95 4,07,180 48,70,475

BANKNIFTY CE 18,000 159.00 81,041 6,33,825

TATAMOTOR CE 390 6.70 7,890 8,61,000

TATAMOTOR CE 400 3.60 7,341 12,22,000

RELIANCE CE 980 5.30 6,877 5,72,750

INFY CE 1,200 2.90 5,507 38,62,000

LT CE 1,600 15.75 5,123 4,15,500

MOST ACTIVE PUT OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 8,200 48.85 7,66,145 50,51,825

NIFTY PE 8,100 25.75 4,96,588 42,42,500

BANKNIFTY PE 17,500 126.00 58,917 4,81,775

TATAMOTOR PE 380 8.50 7,848 8,21,000

RELIANCE PE 940 7.90 5,116 6,36,750

LT PE 1,550 19.25 2,817 1,30,750

TCS PE 2,500 20.50 2,808 2,40,250

TATASTEEL PE 240 6.70 2,799 11,05,000

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 40392 1219.85 52800 1188.45 1001265 25489.3 31.4066

INDEX OPTIONS 342807 9260.1 350307 9199.4 2387842 76389.4 60.6995

STOCK FUTURES 131221 3740.47 109353 3265.53 1791824 49076.3 474.9404

STOCK OPTIONS 75177 1919.49 76380 1951.41 129743 3564.02 -31.9173

TOTAL 535.12

STOCKS IN NEWS GAIL will deploy drones to guard gas pipelines to raise

safety standards Lanco Infratech to get Rs 175 crore MAT refund from

Andhra Pradesh power utilities Tata Steel to cut around 1,200 jobs in Europe Cipla gets FDA's nine observations and issues noticed

memo for Indore unit SKS Micro revises FY16 profit guidance by 23% to Rs

290cr NIFTY FUTURE

In yesterday trading session Nifty stayed steady to bear-ish and traded hardly 50 points. Profit booking kept pres-sure on the Index. For tomorrow Nifty may again remain range bound as the indicators are not as much strong but overall it will see upside after a favorable closing. So we advise you to buy Nifty Future around 8240 for the tar-gets of 8340 and 8450 with strict stop loss of 8090.

INDICES R2 R1 PIVOT S1 S2

NIFTY 8,327.00 8,294.00 8,262.00 8,228.00 8,195.00

BANK NIFTY 18,027.00 17,928.00 17,842.00 17,743.00 17,657.00


DAILY REPORT

21st

OCT. 2015


RECOMMENDATIONS

GOLD

TRADING STRATEGY:

BUY GOLD DEC ABOVE 26250 TGTS 26330,26420 SL BE-

LOW 26150

SELL GOLD DEC BELOW 26100 TGTS 26020,25930 SL

ABOVE 26200

SILVER

TRADING STRATEGY:

BUY SILVER DEC ABOVE 37100 TGTS 37300,37600 SL BE-

LOW 36800

SELL SILVER DEC BELOW 36800 TGTS 36600,36300 SL

ABOVE 37100

COMMODITY ROUNDUP

Gold stayed supported as steady buying emerged around

lows under $1170 per ounce mark. Stocks stayed mostly

choppy as traders stayed in awe of latest Chinese economic

data though buying support continued to trickle in. Gold

soared to highest levels in nearly four months last week fol-

lowing a break above the 100 day EMA amid excellent spot

market demand and rising global commodity prices. The

COMEX Gold futures are trading at $1176 per ounce, up

0.27% on the day. MCX Gold futures are trading at Rs 27116

per 10 grams, up 0.41% on the day. A weak Indian Rupee

boosted local futures further. The INR tested its two and

half week low near 65.50 per US dollar mark yesterday.

Gold speculator and large futures traders sharply increased

their gold bullish positions higher last week for a fourth

straight week, according to the latest COT data released by

the CFTC on Friday. The non-commercial futures contracts

of Comex gold futures, traded by large speculators and

hedge funds, totaled a net position of +117,159 contracts in

the data reported through October 13th. This was a weekly

change of +30,340 contracts from the previous weeks total

of +86,819 net contracts that was registered on Oct 6th.

Nickel futures traded lower by 0.31 per cent to Rs 671.10

per kg largely in tune with weak overseas trend amid sub-

dued demand from alloy-makers at the domestic spot mar-

kets. At the MCX nickel for delivery in October weakened by

Rs 2.10, or 0.31%, to Rs 671.10 per kg in a business turnover

of 2,816 lots. Similarly, the metal for delivery in Nov was

down by Rs 1.90, or 0.28%, to Rs 678 per kg in 113 lots.

Apart from weak demand from alloy makers at domestic

spot markets, a weak trend in the base metals pack over-

seas weighed on nickel prices at futures trade here.

China economic growth and slowdown in the economic pro-

gress is expected to keep Copper under scanner of bears.

Chinese government data on Monday showed Q3 economic

growth slowed down to 6.9%, the first time since the global

financial crisis that the country's gross domestic product has

grown less than 7%. Money managers short positions of

Copper decreased by 6125 to 29608 against 35733 on 6 Oc-

tober 2015. The net positions were in favor of long position

holders by 7349. Indian Copper prices were trading at Rs

341.75 per kg, down 0.10%. The prices tested a high of Rs

344.25 per kg and a low of Rs 341.80 per kg.


DAILY REPORT

21st

OCT. 2015


NCDEX

NCDEX ROUNDUP Cardamom prices were up by 0.85 per cent to Rs 779 per kg in futures trade as speculators created fresh positions, amid pick-up in domestic demand and restricted supplies from producing regions. At MCX cardamom for delivery in No-vember moved up by Rs 6.60, or 0.85%, to Rs 779 per kg in a business turnover of 263 lots. Likewise, the spice for deliv-ery in Dec contracts edged higher by Rs 5.70, or 0.72%, to Rs 802 per kg in 39 lots. Besides pick-up in demand in the spot market, restricted supplies from producing belts mainly helped cardamom prices trade higher in futures trade. The government will be forced to make large-scale govt cotton purchases from farmers for a second straight year, following a cut in imports by top buyer China that has depressed prices. The govt spent Rs 16,000cr ($2.5bn) to buy 8.7mn bales of cotton at a MSP in the marketing year that ended on Sept 30. Sensing a crisis in hand, the Centre in collaboration with state governments seized around 5,800 tonnes of pulsesfrom various parts of the country in the past few days. In total, around 5,800 tonnes of pulses have been seized from hoarders, which incidentally is almost near the total amount imported by the Central government so far. . Fresh buying was seen in turmeric market due to strong off-take of traders and spices processors along with receding supplies in local mandies. The sources stated that strong turmeric demand has been reported in physical mandies to cater the festival and marriage season demand. Moreover, weak stocks in local mandies have also supported the prices. The latest government figures has reduced the esti-mate for turmeric output to 852000 tonnes for 2014-15 (Jul-Jun) from the previous projection of 1.19 million tonnes.

NCDEX INDICES

Index Value % Change

CAETOR SEED 4032 -0.15

CHANA 5006 -0.89

CORIANDER 11935 +177

COTTON SEED 1700 -0.06

GUAR SEED 3981 +1.61

JEERA 15850 +0.32

MUSTARDSEED 4951 +2.61

REF. SOY OIL 632 -0.15

TURMERIC 2770 -0.40

WHEAT 8160 +1.29

RECOMMENDATIONS

DHANIYA

BUY CORIANDER NOV ABOVE 12132 TARGET 12160 12240

SL BELOW 12105

SELL CORIANDER NOV BELOW 11930 TARGET 11902 11822

SL ABOVE 11957

GUARSGUM

BUY GUARGUM NOV ABOVE 8310 TARGET 8360 8430 SL

BELOW 8250

SELL GUARGUM NOV BELOW 8150 TARGET 8100 8030 SL

ABOVE 8210


DAILY REPORT

21st

OCT. 2015


RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 64.8908 Yen-100 54.3000

Euro 73.5213 GBP 100.3926

CURRENCY

USD/INR

BUY USD/INR OCT ABOVE 65.15 TARGET 65.28 65.43 SL BE-

LOW 64.95

SELL USD/INR OCT BELOW 64.9 TARGET 64.77 64.62 SL

ABOVE 65.1

EUR/INR

BUY EUR/INR OCT ABOVE 74.15 TARGET 74.3 74.5 SL BE-

LOW 73.95

SELL EUR/INR OCT BELOW 73.98 TARGET 73.83 73.63 SL

ABOVE 74.18

CURRENCY MARKET UPDATES: The Indian rupee on Tuesday weakened past 65 mark against the US dollar after International rating agency Stan-dard and Poor’s ruled out upgradation of India’s rating for the next two years. The home currency closed at 65.06 per US dollar, down 0.15% from its previous close of 64.81. The local unit had opened the session at 64.96. S&P said it does not expect to change India’s rating this year or next year based on its current set of forecasts, but warned that pres-sure on the rating could emerge again. It has affirmed its “BBB-” long-term and “A-3” short-term sovereign credit ratings for India. The outlook for country remains stable, the agency said in a statement on Monday. The yield on India’s 10-year benchmark bond closed at 7.58% compared with its Monday’s close of 7.57%. Bond yields and prices move in opposite directions. Since the beginning of this year, the rupee has lost 3.08% against the US dollar, while FIIs have bought $4.33 billion from local equity and $8.74 billion from bond markets. Most Asian currencies closed lower. The Malaysian ringgit was down 1.38%, Indonesian rupiah 1.21%, South Korean won 0.85%, Philippines peso 0.55%, Japanese yen declined 0.13%. However, China offshore spot was up 0.24%, China renminbi 0.19% and Thai baht 0.15%. The dollar index was trading at 94.649, down 0.3% from its previous close of 94.928. The US dollar dropped slightly lower against a basket of currencies on Tuesday, as inves-tors awaited the release of U.S. housing and building data later in the day after mixed reports last week left markets uncertain over the timing of the next U.S. rate hike. The greenback remained under pressure after a batch of U.S. data last week painted a mixed picture of the country's economy and fuelled further uncertainty over when the Federal Reserve plans to raise interest rates. Janet Yellen will deliver a speech at the Labor Hall of Honor induction ceremony in Washington. The US Fed chair could shed some light on the state of the US economy, which may give hint on what the US central bank is up to in its forthcoming two-day policy review on 27-28 October.


DAILY REPORT

21st

OCT. 2015


CALL REPORT

PERFORMANCE UPDATES

Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

20/10/15 NCDEX DHANIYA NOV. BUY 12133 12161-12241 12106 BOOKED PROFIT

20/10/15 NCDEX DHANIYA NOV. SELL 11925 11897-11817 11952 NOT EXECUTED

20/10/15 NCDEX GUARGUM NOV. BUY 8280 8330-8400 8220 BOOKED PROFIT

20/10/15 NCDEX GUARGUM NOV. SELL 8170 8120-8050 8230 SL TRIGGERED

20/10/15 MCX GOLD OCT. BUY 27100 27180-27270 26900 BOOKED PROFIT

20/10/15 MCX GOLD OCT. SELL 26900 26820-26730 27100 NOT EXECUTED

20/10/15 MCX SILVER DEC. BUY 37100 37300-37600 37800 SL TRIGGERED

20/10/15 MCX SILVER DEC. SELL 36800 36600-36300 37100 SL TRIGGERED

20/10/15 USD/INR OCT. BUY 64.94 65.07.65.22 64.74 BOOKED PROFIT

20/10/15 USD/INR OCT. SELL 64.80 64.67-64.52 65.00 NOT EXECUTED

20/10/15 EUR/INR OCT. BUY 73.60 73.75-73.95 73.40 BOOKED FULL PROFIT

20/10/15 EUR/INR OCT. SELL 73.20 73.05-72.85 73.40 NOT EXECUTED

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

20/10/15 NIFTY FUTURE BUY 8240 8340-8450 8090 CALL OPEN

20/10/15 ZEE FUTURE BUY 432.5 438-445 425 BOOKED PROFIT

20/10/15 HCLTECH FUTURE BUY 858 860-875 836 CALL OPEN

20/10/15 LAMBODHARA CASH SELL 339 335-330 345 NOT EXECUTED

16/10/15 ALBK FUTURE BUY 78 79.25-80.75 78 BOOKED FULL PROFIT

09/10/15 NIFTY FUTURE SELL 8190 8070-7950 8380 CALL OPEN

09/10/15 NIFTY FUTURE SELL 8180 8100-7050 8350 CALL OPEN


DAILY REPORT

21st

OCT. 2015


NEXT WEEK'S U.S. ECONOMIC REPORTS

ECONOMIC CALENDAR

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Disclaimer

TIME REPORT PERIOD ACTUAL CONSENSUS

FORECAST PREVIOUS

MONDAY, OCT. 19

10 AM HOME BUILDERS' INDEX OCT. 62 62

TUESDAY, OCT. 20

8:30 AM HOUSING STARTS SEPT. 1.131 MLN 1.126 MLN

WEDNESDAY, OCT. 21

NONE SCHEDULED

THURSDAY, OCT. 22

8:30 AM WEEKLY JOBLESS CLAIMS OCT. 10 N/A N/A

10 AM EXISTING HOME SALES SEPT. 5.31 MLN 5.31 MLN

FRIDAY, OCT. 23

NONE SCHEDULED


epic research special report of 21 oct 2015

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