epic research special report of 23 mar 2016

DAILY REPORT 23

rd MARCH 2016

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance

Asian shares consolidated their gains on Wednesday, shak-

ing off earlier losses following attacks on the airport and a

rush-hour metro train in Brussels as investors look to a

brightening global economic picture. MSCI's broadest index

of Asia-Pacific shares outside Japan slipped 0.2 percent but

clung near 3 1/2-month high hit earlier this week while Ja-

pan's Nikkei inched up 0.1 percent. Wall Street shares were

mixed on Tuesday. The S&P 500 lost 0.09 percent while the

Nasdaq Composite added 0.27 percent. But emerging mar-

kets fared better, with MSCI's emerging market index rising

0.2 percent to four-month high, having gained more than

20 percent from its seven-year trough high in January.

European shares fell slightly on Tuesday as losses among

travel and leisure stocks after the deadly attacks in Brussels

were partly offset by gains in technology and autos. At

least 30 people were killed in attacks on Brussels airport

and a rush-hour metro train in the Belgian capital, trigger-

ing security alerts across Western Europe. The STOXX

Europe 600 Travel and Leisure index fell 1.8%, the top sec-

toral decliner, with shares in Ryanair , Accor, TUI and IAG

all down by 1.5 to 3.8 percent. The pan-European FTSEuro-

first 300 index ended down 0.1% at 1,338.02 points, after

falling as much as 1.6 percent earlier in the session.

Previous day Roundup

After a lot of struggle, the market has ended marginally

higher. Late bounce back helped the Sensex close higher

for 3rd consecutive session on Tuesday. It was majorly sup-

ported by index heavyweights Reliance Industries, HDFC

and HDFC Bank. Cut in European markets' losses after pric-

ing in Brussels blast also boosted sentiment. Sensex rose

45.12 points to end at 25330.49, which lost 201 points in-

traday. Nifty managed to hold 7700-mark, up 10.65 pts at

7714.90. The BSE Midcap index outperformed benchmarks,

rising half a percent. About 1348 shares have advanced,

1254 shares declined, and 161 shares are unchanged.

Index stats

The Market was very volatile in last session. The sartorial

indices performed as follow; Consumer Durables [up

183.06pts], Capital Goods [up 152.02Pts], PSU [up 9.47pts],

FMCG [down 90.57Pts], Realty [up 32.16pts], Power [up

21.32pts], Auto [up 190.02Pts], Healthcare [up 12.28Pts], IT

[down 0.21pts], Metals [up 59.28Pts], TECK [up 4.63pts],

Oil& Gas [up 25.64pts].

World Indices

Index Value % Change

D J l 1758.57 -0.23

S&P 500 2049.80 -0.09

NASDAQ 4821.66 +0.27

FTSE 100 6192.74 +0.13

Nikkei 225 17041.82 -0.04

Hong Kong 20612.52 -0.26

Top Gainers

Company CMP Change % Chg

TATAPOWER 61.75 2.4 4.40

BHEL 116.60 4.65 4.15

BOSCHLTD 20,150.00 799.25 4.13

VEDL 96.90 2.90 3.09

TATASTEEL 311.80 8.25 2.72

Top Losers


DRREDDY 3,050.05 132.20 -4.15

ITC 323.00 8.45 -2.55

TECHM 482.10 8.00 -1.63

ADANIPORTS 239.05 3.70 -1.52

HINDUNILVR 866.50 13.15 -1.49

Stocks at 52 Week’s HIGH

Symbol Prev. Close Change %Chg

ASHOKLEY 103.30 0.25 0.24

HEROMOTOCO 2,856.80 57.20 2.04

JSWSTEEL 1,235.90 19.95 1.64

TVSMOTOR 316.50 11.20 3.67

RAMCOCEM 404.00 -17.10 -4.06

THIRUSUGAR 65.00 2.70 4.33

Indian Indices


NIFTY 7714.90 +10.65 +0.14

SENSEX 25330.49 +45.12 +0.18

Stocks at 52 Week’s LOW

Symbol Prev. Close Change %Chg

GLOBOFFS 237.80 5.60 2.41

ICRA 3,495.10 -7.55 -0.22

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DAILY REPORT 23

rd MARCH 2016


STOCK RECOMMENDATION [CASH] 3. TWL [CASH]

TWL given breakout of ascending triangle pattern above 100 we saw around 5-6 per cent bounce in last session ac-cording to pattern we can see target up to 110 so it will be good to buy above 104 for target of 106 108 110 with stop loss of 102 MACRO NEWS Oil above $41 as OPEC predicts 'moderate' rebound Consumer sentiment in Europe still fragile Agri sector has to grow fastest to eradicate poverty DIIs to support market; like infra, cement, pharma: HSBC ASEAN economies facing disparate growth outlook Maruti Suzuki sees sales growing in double digits in FY17 Tea output eases to 1,127.7 million kg in April-January M&M enters dairy market, launches milk in Indore Bombay HC bars Alok Industries asset sale till HSBC plea

is settled Companies line up to buy Adhunik's Jharkhand power

plant Govt to extend anti-dumping duty on Chinese chemical Policybumps may hit pharmaceutical market’s dream run Delhi HC extends relief to pharma firms over drug ban ICRA downgrades Renuka Sugars' Rs 6500 cr of debt in-

struments to default rating Kalpataru Power Transmission Bags New Orders Worth

`1,320 Cr Texmaco Infra Zuari Global Acquires 4.71% Shares In Co Via Inter-Se-

Transfer DHFL Proposes to Issue Debentures worth `375 Cr Andhra Bank Gets Shareholders Nod To Issue 2.9 Cr

Shares To LIC At `47.30/Sh Tata Chemicals Says Plant At Babrala Will Be Shut Down

For Maintenance From March 22 For 30 Days JSPL starts 1.4 MMTPA rebar mill in Oman IDBI Bank plans to raise `20,000 cr by FY17 from bonds

to fund biz growth

STOCK RECOMMENDATIONS [FUTURE] 1. BEL [FUTURE]

In BEL future below 1190 we saw big fall in last FEB before last session it given around 6-7 per cent but in last day traded in range of 1197 – 1175 and closed at 1190.40 so we advise to buy it above 1200 for target of 1215 1240 1270 with stop loss of 1185. 2. SUNTV [FUTURE]

SUNTV Future facing strong supply around 366 in last two session it cross this level but could not sustain and due to profit booking it slipped from highs on daily chart it created spinning top candle where at 369 it has trend line resistance so we advise to sell it around 367-368 with stop loss of 370.20 for target of 364 360.


DAILY REPORT 23

rd MARCH 2016


FUTURE & OPTION

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 7,700 72.25 4,79,324 57,32,625

NIFTY CE 7,900 7.80 2,23,823 23,85,750

BANKNIFTY CE 16,000 152.00 1,14,979 9,29,340

SBIN CE 195 4.85 5,816 17,54,000

RELIANCE CE 1,060 7.10 4,952 8,94,000

RELIANCE CE 1,040 14.60 4,681 10,01,500

ASHOKLEY CE 105 1.65 4,068 67,90,000

TATASTEEL CE 310 6.25 3,905 14,26,000

MOST ACTIVE PUT OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 7,600 20.35 4,53,662 55,11,150

NIFTY PE 7,700 44.05 3,74,793 36,55,800

BANKNIFTY PE 15,500 41.00 1,00,489 6,24,270

SBIN PE 190 0.95 3,293 30,60,000

RELIANCE PE 1,040 9.80 2,783 3,84,000

TATASTEEL PE 300 1.60 2,614 19,14,000

SBIN PE 180 0.20 1,840 32,90,000

TCS PE 2,400 6.05 1,639 1,59,600

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 36909 2093.96 34033 1893.64 356433 20071.22 200.32

INDEX OPTIONS 604374 33666.34 620101 34463.82 1568487 89339.35 -797.48

STOCK FUTURES 76467 3690.07 99772 4816.57 1053011 48892.50 -1126.51

STOCK OPTIONS 63761 3117.36 67476 3277.18 98302 4620.56 -159.81

TOTAL -1883.17

STOCKS IN NEWS Puravankara Projects to invest Rs 480 crore to develop

Pune project Maruti Suzuki receives 20000 bookings for Vitara

Brezza RIL, ONGC gas dispute: Shah panel tenure extended to

July end Jindal Steel and Power Limited commissions 1.4 MTPA

Rebar Mill in Sohar, Oman MOIL manganese output at 7.45 lakh tonnes in Apr-

Dec NIFTY FUTURE

In last trading session Nifty remained steady to bearish but in the ending hours Nifty pulled up and covering all losses it closed with a green candlestick. But Nifty has resistance of 200 EMA on weekly charts on current levels and last hourly candle also shows that Nifty may come a little down. So we advise you to sell Nifty below 7720 for the targets of 7640 and 7550 with strict stop loss of 7820

INDICES R2 R1 PIVOT S1 S2

NIFTY 7,781.00 7,747.00 7,695.00 7,661.00 7,609.00

BANK NIFTY 16,083.00 16,009.00 15,894.00 15,820.00 15,705.00


DAILY REPORT 23

rd MARCH 2016


RECOMMENDATIONS GOLD

TRADING STRATEGY: BUY GOLD ABOVE 29200 TARGET 2928029380 SL 29100 SELL GOLD BELOW 29000 TARGET 28920 28820 SL 29100 SILVER

TRADING STRATEGY: BUY SILVER ABOVE 37900 TARGET 38100 38400 SL 37600 SELL SILVER BELOW 37600 TARGET 37300 37000 SL 37900

COMMODITY ROUNDUP Gold surged today as safe haven buying triggered a massive upshot to the commodity after a massive terror attack in Brussels. Equities dropped in Europe and flight to flight to safety pushed Gold through $1250 per ounce on worries that radical militants are continuing to wage war against Euro. The media reports are stating that Brussels has been hit with twin attacks. First to get hit was Zaventem airport in Brussels, which has witnessed casualties of around 13 peo-ple while 10 people were killed in the blast at the Maelbeek metro station. The metro blast was very close to the EU buildings in Brussels. COMEX is gaining in these precarious moments and currently trades at $1255 per ounce, up 0.84% on the day. MCX Gold futures are trading at Rs 29236 per 10 grams, up 1.02% on the day after testing a high of Rs 29340 per 10 grams. Gold speculators trimmed their gold bullish positions last week following seven straight weeks of gains, according to the latest COT data released by CFTC. The non-commercial futures contracts of Comex gold fu-tures, totaled a net position of +169,512 contracts in the data reported through March 15th. This was a weekly change of -5,298 contracts. Indian Copper prices traded at Rs 338.30 per kg. The prices have been swinging between gains and losses in the eve-ning trades. Copper changed hands for $2.3020 per pound or around $5075 a tonne in lunchtime trade on Tuesday, up o.8% from Friday's close. If the most active futures contract closes above $2.30 it would be the highest closing value since November 5. The price of copper is up more than 18% from a six-year low hit mid-January. China is responsible for more than 45% of copper demand and according to detailed customs data released today imports of refined metal surged by nearly 56% to 328604 tonnes in February com-pared to the same month last year. For the January-February period the country's imports are up 30%. February imports of concentrate nearly doubled from a year ago and up 24.8% compared to January to 1.46 million tonnes, not far off December's all-time highest monthly volume. For the first two months imports are up 55%. Oil prices fell in early Asian trading on Wednesday after fig-ures from an industry group showed US stockpiles had risen more than expected. The front-month contract in US crude futures was down 36 cents at USD 41.09 a barrel by 0047 GMT. It struck a 2016 high of USD 41.90 in the previous ses-sion before closing at USD 41.45. Brent crude was 25 cents lower at USD 41.54, reversing gains in the previous session when it finished at USD 41.79.


DAILY REPORT 23

rd MARCH 2016


NCDEX

NCDEX INDICES

Index Value % Change

CHANA 4326 -0.69

CORIANDER 6837 +2.77

COTTON SEED 2231 +2.29

GUAR SEED 3138 -1.48

JEERA 15350 +0.29

MUSTARDSEED 3954 +0.10

SOY BEAN 3955 +0.69

SUGAR M GRADE 3462 +0.76

TURMERIC 8902 -0.18

WHEAT 1564 +0.13

RECOMMENDATIONS

DHANIYA

BUY CORIANDER APR ABOVE 6730 TARGET 6775 6925 SL

BELOW 6665

SELL CORIANDER APR BELOW 6850 TARGET 6805 6655 SL

ABOVE 6915

GUARGUM

BUY GUARGUM APRIL ABOVE 5680 TARGET 5730 5800 SL

BELOW 5620

SELL GUARGUM APRIL BELOW 5510 TARGET 5460 5390 SL

ABOVE 5570

Tea producers across the gardens in Assam, north Bengal and the Niligiris are seemingly upbeat about the forthcom-ing auction prices beginning April 1 this year as on an aver-age, the prices are poised to rise by Rs 25-30 a kg. Good rains in the Assam valley, backed by a recovering stage in crop production and depleting stocks, are the primary rea-sons for the tea gardens' supposed cheer. As per industry estimates, even under the worse case scenario, April auc-tions can fetch a minimum of Rs. 130 a kg on an average for the CTC (crush, tear, curl) leaves in north India while for south, the same leaves may fetch Rs. 117 per kg.

On March 8, the Central government issued the Cotton Seed Price (Control) Order which fixed a uniform price for seeds of Bt cotton, a genetically modified variant, across all cotton-growing states. Under the order, a 450-gm packet of Bt cotton seed would be capped at Rs 800 for the 2016-17 season, compared to the current range of Rs 830 to Rs 1,030. But real point of contention between seed compa-nies and the major developer of Bt cotton technology, Ma-hyco Monsanto Biotech, an arm of the US seed giant Mon-santo, is the royalty payment, technically known as "trait fees". This was slashed a steep 70% from Rs 163 plus taxes per 450-gm packet (the standard unit for Bt seeds) to Rs 49.

India will cut oil imports by 10% in next six years by raising domestic output, conserving fuel and shifting to alternate sources like natural gas, Oil Minister Dharmendra Pradhan said Tuesday. Modi had set the target of reducing import dependence in March last year. He had sought the depend-ence to be cut to 66% from 77% dependence in 2013-14. Import dependence has, however, risen since then to 78.5% in 2014-15 when India imported 189.4 million tonnes of crude oil for $112.7 billion. In February this had risen to 83.1%.


DAILY REPORT 23

rd MARCH 2016


RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 66.5411 Yen-100 59.3700

Euro 74.8987 GBP 95.7526

CURRENCY

USD/INR

BUY USD/INR MAR ABOVE 66.85 TARGET 66.98 67.13 SL BE-

LOW 66.65

SELL USD/INR MAR BELOW 66.65 TARGET 66.52 66.37 SL

ABOVE 66.85

EUR/INR

BUY EUR/INR MAR ABOVE 75.22 TARGET 75.37 75.57 SL BE-

LOW 75.02

SELL EUR/INR MAR BELOW 74.7 TARGET 74.55 74.35 SL

ABOVE 74.9

CURRENCY MARKET UPDATES:

The American currency inched slightly lower against a bas-

ket of currencies on Tuesday, but continued to extend sup-

port. The dollar index, which measures the greenback's

strength against a trade-weighted basket of six major cur-

rencies, was at 95.60, after rising to 95.73 earlier in the

session. Investors were cautious after a series of explosions

in Brussels killed at least a 26 people and injured over 100.

Safe-haven demand strengthened after at least 26 people

were killed in a series of explosions in Brussels on Tuesday

morning, with two blasts at the airport and another at a

metro station in the heart of the EU quarter an hour later.

USD/JPY slid 0.30% to 111.60.

The European unit edged down 0.10% to trade at 1.1231

versus the greenback. The single common currency re-

gained some ground after the ZEW Centre for Economic

Research said that its index of German economic senti-

ment rose to 4.3 this month from February's reading of

1.0. However, the index of euro zone economic sentiment

dropped to a 15-month low of 10.6 in March from 13.6 a

month earlier, settling above forecasts for a reading of 8.2.

As against the pound, dollar was higher with GBP/USD

down 0.72% at 1.4265. U.K. Office for National Statistics

reported on Tuesday that the rate of consumer price infla-

tion rose by 0.3% last month, below forecasts for an in-

crease of 0.4%. Month-over-month, consumer prices

edged up 0.2% in February. Core CPI, which excludes food,

energy, alcohol, and tobacco costs rose by 1.2% last

month, in line with forecasts and unchanged from January.

The RBI likely sold dollars through state-owned banks in a

bid to prevent sharper falls in the rupee after reports of

explosions at the Brussels airport hit global markets on

Tuesday. The traders added the intervention started when

the rupee fell to around 66.83 per dollar levels, down from

its 66.5250/66.5350 close on Monday. The rupee was trad-

ing at 66.7450/7525 to the dollar at 0902 GMT.


DAILY REPORT 23

rd MARCH 2016


Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

22/03/16 NCDEX DHANIYA APR. BUY 6750 6795-6945 6685 SL TRIGGERED

22/03/16 NCDEX DHANIYA APR. SELL 6620 6575-6425 6685 NOT EXECUTED

22/03/16 NCDEX GUARGUM MAR. BUY 5670 5720-5790 5610 NOT EXECUTED

22/03/16 NCDEX GUARGUM MAR. SELL 5590 5540-5470 5650 BOOKED PROFIT

22/03/16 MCX GOLD APR. BUY 29000 29700-29820 29480 BOOKED PROFIT

22/03/16 MCX GOLD APR. SELL 28800 29080-28950 29300 NOT EXECUTED

22/03/16 MCX SILVER MAR. BUY 37900 38490-38790 38000 NO PROFIT NO LOSS

22/03/16 MCX SILVER MAR. SELL 37600 37800-37500 37300 NOT EXECUTED

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

22/03/16 NIFTY FUTURE BUY 7650 7720-7800 7540 BOOKED PROFIT

22/03/16 SKSMICRO FUTURE SELL 539-540 530-515 545.5 BOOKED PROFIT

22/03/16 SRF FUTURE BUY 1240 1255-1270 1215 NOT EXECUTED

22/03/16 SPARC CASH SELL 295 288-280 300.10 SL TRIGGERED


DAILY REPORT 23

rd MARCH 2016


NEXT WEEK'S U.S. ECONOMIC REPORTS

ECONOMIC CALENDAR

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TIME REPORT PERIOD ACTUAL CONSENSUS

FORECAST PREVIOUS

MONDAY, MARCH 21

8:30 AM CHICAGO FED NATIONAL ACTIVITY FEB. -- 0.28

10 AM EXISTING HOME SALES FEB. 5.30 MLN 5.47 MLN

TUESDAY, MARCH 22

NONE SCHEDULED

WEDNESDAY, MARCH 23

10 AM NEW HOME SALES FEB. 523,000 494,000

THURSDAY, MARCH 24

8:30 AM WEEKLY JOBLESS CLAIMS 3/19 N/A N/A

8:30 AM DURABLE GOODS ORDERS FEB. -2.7% 4.9%

8:30 AM CORE CAPITAL EQUIPMENT ORDERS FEB. -0.5% 3.9%

9:45 AM MARKIT PMI FLASH MARCH -- 51.3

FRIDAY, MARCH 25

8:30 AM GROSS DOMESTIC PRODUCT Q4 0.8% 1.0% (Q4)


epic research special report of 23 mar 2016

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