epic research daily special report 23 june 2015

DAILY REPORT

23rd

JUNE 2015

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance

Asian shares extended gains on Tuesday after a gauge of Chinese factory activity suggested signs of stabilization, and

Greece's latest budget proposals raised hopes it would

stave off a debt default and reach a deal with lenders later this week.

The HSBC/Markit Flash China Manufacturing PMI edged up

to 49.6, a three-month high, from 49.2. But it remained below the 50 mark which separates contraction from ex-

pansion and still implied that Beijing might need to muster more stimulus measures. Nikkei share average jumped

1.5% to a fresh 15-year high as investors bought back some

of the shares they unloaded over three losing weeks.

Greece took a step back from the abyss on Monday with

the presentation of new budget proposals that euro zone leaders welcomed as a basis for a possible agreement in

the coming days to unlock frozen aid and avert a looming

default. European Council President Donald Tusk, who chaired an emergency summit of leaders of the 19-nation

currency bloc, called the Greek proposals "a positive step

forward".

European stock markets and Greek assets surged on Mon-

day on hopes of a last-minute deal to ease a crisis that is threatening to drive Greece out of the euro and weaken

the foundations of the European Union's single currency.

Previous day Roundup

The market staged spectacular performance on first day of

the week, supported largely by banks on hopes of rate cut

post good monsoon and likely easing of Greece crisis soon. Equity benchmarks maintained positive momentum for the

seventh consecutive session today. The 30-share BSE Sen-

sex rallied 466 points intraday, before closing at 27730.21, up 414.04 points or 1.52 percent. The 50-share NSE Nifty

spiked 128.15 points or 1.56 percent to 8353.10.

Index stats

The Market was very volatile in last session. The sartorial

indices performed as follow; Consumer Durables [up

250.93pts], Capital Goods [up 168.11pts], PSU [up 90.64pts], FMCG [up 104.53pts], Realty [up 68.24pts],

Power [up 33.46pts], Auto [up 186.15pts], Healthcare [up 111.49Pts], IT [up 197.70pts], Metals [up 104.50pts], TECK

[up 83.82pts], Oil& Gas [up 36.02pts].

World Indices

Index Value % Change

D J l 18119.78 +0.58

S&P 500 2122.78 +0.61

NASDAQ 2122.85 +0.72

FTSE 100 5153.97 +1.72

Nikkei 225 20739.96 +1.53

Hong Kong 27191.52 +0.41

Top Gainers

Company CMP Change % Chg

PNB 138.30 7.80 5.98

AXISBANK 572.00 20.45 3.71

ICICIBANK 315.25 10.70 3.51

BOSCHLTD 21,850.00 741.45 3.51

YESBANK 858.90 29.00 3.49

Top Losers


BHARTIARTL 423.95 10.05 -2.32

LUPIN 1,804.00 12.80 -0.70

RELIANCE 992.65 4.00 -0.40

IDEA 175.00 0.50 -0.28

ONGC 318.70 0.45 -0.14

Stocks at 52 Week’s HIGH

Symbol Prev. Close Change %Chg

JUBLFOOD 1,830.00 6.85 0.38

MARUTI 3,980.00 42.65 1.08

RAJESHEXPO 282.90 19.35 7.34

VOLTAS 353.50 16.10 4.77

Indian Indices


NIFTY 8353.10 +128.15 +1.56

SENSEX 27730.21 +414.04 +1.52

Stocks at 52 Week’s LOW

Symbol Prev. Close Change %Chg

JINDALSTEL 91.30 0.00 0.00

EIDPARRY 145.20 0.30 0.21

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DAILY REPORT

23rd

JUNE 2015


STOCK RECOMMENDATION [CASH] 1. IBREALEST (CASH)

Yesterday IBREALEST cash open with gap up then it main-tain these gap and continuously given up move with long build up as well as huge volume on EOD chart it finished with 30% gain so tomorrow we may see more up side in IBREALEST so buy above 55.25 with target of 56-57+ with stop loss of 54.20. BUY IBREALEST CASH ABOVE 55.25 TGT 56-57 SL 54.20 MACRO NEWS

Diesel car sales hit five-year low on declining customer preference and the NGT order

ICICI Bank to finance Indian sellers linked with Alibaba.com

UBI mulling to shift treasury department to Mumbai

Banks fear bad loans will spike in telecom sector

SoftBank in tie-up for $20 billion investment in Indian solar projects. Bharti group, SoftBank teaming up for India's booming renewable energy market

L&T wins new orders worth Rs 1,507 crore

DLF seeks approval to raise Rs 5,000 crore via NCDs

Govt transfers ECs of 19 coal blocks of total 29 so far

City Union Bank to raise Rs 500 cr from QIP

JSW Steel to drastically reduce iron ore imports in FY16

India's crude oil output rises 0.8% in May

Hero Group diversifies in electronics sector with 'Hero Electronix'

Government proposes income tax benefits to individuals for making payment through debit/credit cards.

Rubber production drops 11% in April-May

Coffee output to hit new high

STOCK RECOMMENDATIONS [FUTURE]

1. BHARTI AIRTEL [FUTURE]

On Friday BHARTI AIRTEL finished at 52 week high but around 438 it has also multi year resistance and today it faced profit booking for that on EOD chart it finished with long bearish candle or bearish engulfing candle stick pattern so below 424 it is good to sell with stop loss of 430 with tar-get of 417-410

2. ARVIND [FUTURE]

On daily chart ARVIND future given breakout above 248.5 with long buildup while on Friday it given breakout of falling wedge pattern which confirmed today, so it is expecting more up side but at 259 it may face resistance so it is good to buy around 250-251 with stop loss of 244 with target of 255-259 and above 259 it may hit 270 level.


DAILY REPORT

23rd

JUNE 2015


FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 8,200 10.00 14,01,577 60,35,625

NIFTY PE 8,300 28.60 13,65,739 47,55,575

NIFTY PE 18,000 35.20 1,31,460 5,51,875

BANKNIFTY PE 980 6.40 8,729 6,79,750

BHEL PE 960 2.55 4,431 6,91,750

BHEL PE 260 0.80 4,153 18,07,500

TATAMOTORS PE 560 2.00 3,573 6,85,500

RELIANCE PE 1,000 15.00 3,380 3,09,500

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 8,400 30.15 15,43,459 54,19,950

NIFTY CE 8,300 80.60 13,86,716 36,79,925

NIFTY CE 18,500 75.20 1,64,546 6,20,425

BANKNIFTY CE 1,000 8.70 11,557 11,92,000

SBIN CE 270 1.80 11,044 48,36,250

DISHTV CE 1,020 3.20 7,901 5,79,000

BHEL CE 260 6.95 6,922 25,76,250

RELIANCE CE 580 3.65 6,105 12,54,500

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 295494 6894.12 237153 5476.14 661319 15947.92 1417.98

INDEX OPTIONS 845500 21204.52 754090 19245.28 3480126 86065.70 1959.24

STOCK FUTURES 510271 13264.29 471056 12484.92 2050294 52870.57 779.37

STOCK OPTIONS 74017 1887.23 79158 2018.53 103885 2634.22 -131.30

TOTAL 4025.29

STOCKS IN NEWS Aurobindo gains on USFDA nod for antiparkinson, anti-biotic BPCL to go ahead with Bina refinery expansion sans Oman Oil Compnay in Madhya Pradesh Coal India to hold pre-bid consultations on proj moni-toring system Wockhardt gets USFDA nod to market pain-relieving drug IFC to invest Rs 77cr in healthcare chain Ivy Health

NIFTY FUTURE

NIFTY FUTURE again saw long build up on last trading session and closed in green to denote further bullish-ness. Nifty has formed a strong bullish candlestick on daily charts but it may face a resistance around 8450 level. So we advise to buy it only if sustains above 8450. Buy it around 8450-8500 for the targets of 8600 and 8700 with stop loss of 8300.

INDICES R2 R1 PIVOT S1 S2

NIFTY 8,438.70 8,395.95 8,326.65 8,238.85 8,214.60

BANK NIFTY 18,708.70 18,526.10 18,238.35 18,055.75 17,768.00


DAILY REPORT

23rd

JUNE 2015


RECOMMENDATIONS

GOLD

TRADING STRATEGY:

BUY GOLD AUG ABOVE 26750 TGTS 26830,26930 SL BE-

LOW 26660

SELL GOLD AUG BELOW 26670 TGTS 26590,26490 SL

ABOVE 26760

SILVER

TRADING STRATEGY:

BUY SILVER JUL ABOVE 36800 TGTS 37000,37300 SL BE-

LOW 36500

SELL SILVER JUL BELOW 36500 TGTS 36300,36000 SL

ABOVE 36800

COMMODITY ROUNDUP Silver prices fell by 0.24% in futures trade as speculators trimmed positions even as white metal edged higher over-seas. At MCX silver for delivery in July contracts lost Rs 88 or 0.24% to Rs 36,592 per kg, with turnover of 359 lots. Silver for delivery in far-month Sept. fell by Rs 62, or 0.17% down at Rs 37,165 per kg in a turnover of 11 lots. Off-loading of positions by participants at prevailing levels mainly led to a fall in silver prices at futures trade here but a better trend overseas, capped the losses. Globally, silver was trading higher at $16.14 an ounce from $16.10 on Friday. Strong gains in global equities boosted crude oil futures af-ter the commodity was pressurized on a possible return of Iranian supplies disrupted by international sanctions. Euro-pean stocks rallied on reports that Greece has presented a new plan to stave off default before an emergency summit on the country's debt crisis. WTI Crude oil is quoting at $59.90 per barrel right now, up 0.40% on the day. The MCX Crude oil futures are trading at Rs 3843 per barrel, up 0.92% on the day. MCX Natural Gas futures are in red though. The Bank of Japan maintained its upbeat view on the econ-omy saying the moderate recovery is expected to con-tinue. Oil dropped in Asia. Six global powers — Britain, China, France, Germany, Russia and the United States — are trying to finalize a deal to curb Iran’s nuclear ambitions by reducing its stockpiles of enriched uranium. If the agree-ment is reached by the end of this month, the powers have agreed to gradually scale back sanctions imposed since 2012, including on its petroleum industry. Zinc futures prices fell 0.19% as speculators reduced posi-tions amid sluggish domestic demand and a weak global trend. At the MCX zinc prices for delivery in June eased by 25 paise, or 0.19%, to Rs 129.75 per kg in a business turn-over of 410 lots. Likewise, the metal prices for delivery in July shed 10 paise, or 0.08%, to Rs 130.70 per kg in 10 lots. The fall in zinc prices was due to sluggish domestic demand at the spot market amid a weak trend in metals at the LME ahead of data projected to signal continued weakness in manufacturing in China. Tracking a weak trend overseas and sluggish domestic de-mand, lead fell 0.35% to Rs 112.60 per kg in futures trade after participants reduced their holdings. At MCX lead for delivery in June shed 40 paise, or 0.35%, to Rs 112.60 per kg in a business turnover of 222 lots. The metal for delivery in July contracts fell 30 paise, or 0.26%, to Rs 113.85 per kg in a turnover of nine lots.


DAILY REPORT

23rd

JUNE 2015


NCDEX

RECOMMENDATIONS

DHANIYA

BUY CORIANDER JULY ABOVE 12210 TARGET 12235 12275

SL BELOW 12180

SELL CORIANDER JULY BELOW 11575 TARGET 11550 11510

SL ABOVE 11605

GUARSGUM

BUY GUARGUM JULY ABOVE 10020 TARGET 10070 10130

SL BELOW 9960

SELL GUARGUM JULY BELOW 9550 TARGET 9500 9440 SL

ABOVE 9610

NCDEX ROUNDUP

Coriander prices fell 2.21 per cent to Rs 11,680 per quintal in futures trade as speculators reduced their positions amid weak demand at the spot market. Besides, ample stock in the market due to sufficient arrivals from producing belts also put pressure on coriander prices. At NCDEX coriander prices for delivery in July fell by Rs 265, or 2.21 per cent, to Rs 11,680 per quintal with open interest of 43,790 lots. The price for August delivery declined by Rs 263, or 2.16 per cent to Rs 11,920 per quintal with an open interest of 15,810 lots. Adequate stock in the market against subdued demand mainly led to the fall in coriander futures prices.

Amid profit-booking by speculators at prevailing levels and a weakening trend overseas, crude palm oil futures prices fell 0.77% to Rs 455.10 per 10 kg. At MCX crude palm oil for delivery in July eased Rs 3.50, or 0.77%, to Rs 446.50 per 10 kg in a business turnover of 150 lots. Similarly, the oil for delivery in June traded lower by Rs 3, or 0.66%, to Rs 447.20 per 10 kg in 192 lots. Apart from profit-booking, a weak trend in the global market weighed on crude palm oil fu-tures prices.

Cardamom prices rose by Rs 8.20 or 1.02% to Rs 805.70 per kg in futures market after speculators enlarged their posi-tions supported by good buying in spot market amid tight stocks position. At MCX cardamom for delivery in July rose Rs 8.20, or 1.02%, to Rs 805.70 per kg in business turnover of 194 lots. In a similar fashion, spice for delivery in August gained Rs 6.40, or 0.81%, to Rs 783.50 per kg in 8 lots. Mar-ket analysts said besides rise in demand in spot market, tight supplies from producing regions mainly helped carda-mom prices to trade higher at futures trade.

NCDEX INDICES

Index Value % Change

CAETOR SEED 3986 -0.25

CHANA 4187 -1.18

CORIANDER 12085 +1.17

COTTON SEED 1804 -1.42

GUAR SEED 4115 -3.52

JEERA 15900 -0.19

MUSTARDSEED 4038 -0.74

REF. SOY OIL 579.7 -0.36

SUGAR M GRADE 2179 +0.47

TURMERIC 6960 -1.83


DAILY REPORT

23rd

JUNE 2015


RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 63.5098 Yen-100 51.7300

Euro 72.3186 GBP 100.9361

CURRENCY

USD/INR

BUY USD/INR JUNE ABOVE 63.63 TARGET 63.76 63.91 SL

BELOW 63.43

SELL USD/INR JUNE BELOW 63.51 TARGET 63.38 63.23 SL

ABOVE 63.71

EUR/INR

BUY EUR/INR JUNE ABOVE 72.23 TARGET 72.38 72.58 SL BE-

LOW 72.03

SELL EUR/INR JUNE BELOW 71.96 TARGET 71.81 71.61 SL

ABOVE 72.16

CURRENCY MARKET UPDATES: Extending gains for the 4th straight day, the rupee moved up by three paise to close at 63.52 against the American currency on persistent selling of dollars by banks and ex-porters on hopes of resumption of foreign capital inflows. Sustained rise in equity markets in view of progress in monsoon mainly boosted rupee value against the dollar. The rupee resumed slightly higher at 63.52 as against the last weekend’s level of 63.55 at the Interbank Forex mar-ket. It moved in a range of 63.57 and 63.46 during the day, before ending at same opening level of 63.52, showing a gain of three paise, or 0.05%, from its last weekend’s level. It has gained 74 paise, or 1.16%, in last four trading days. The rupee moved up against the pound sterling to 100.43 from 100.85 previously and also looked up against the euro to 72.00 from 72.09. The domestic unit rose against the Japanese unit to 51.51 per 100 yen from 51.81 previously. The US dollar recovered from early losses against a basket of currencies in cautious trades on Monday as ongoing un-certainty over the outcome of Greek debt talks continued to dampen sentiment. The dollar index was at 94.42, hav-ing hit a session's high of 94.58 and off early Monday lows seen at 93.99. The greenback was under pressure after the Fed's rate statement last week tempered expectations for a rate hike later this year. The dollar rose about 0.2% on the day against the yen to 123.61, though it remained well below a 13-year high of 125.86 yen hit earlier this month. The euro slipped 0.2 percent to $1.1313, moving away from a one-month high of $1.1440 hit on Thursday as some cautioned that steps in a positive direction did not guaran-tee an eventual solution to Greece's debt crisis. The pound slipped lower against its U.S. counterpart on Monday, but remained within close distance of a seven-month peak as demand for the greenback broadly weak-ened as expectations for an upcoming U.S. rate hike sub-sided. The pound was lower, with GBP/USD down 0.25% to 1.5849. The dollar was higher against the yen with USD/JPY up 0.41% to 123.20.


DAILY REPORT

23rd

JUNE 2015


CALL REPORT

S T O

PERFORMANCE UPDATES

Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

22/06/15 NCDEX DHANIYA JULY BUY 11822 11847-11887 11792 SL TRIGGERED

22/06/15 NCDEX DHANIYA JULY SELL 12050 12025-11985 12080 BOOKED FULL PROFIT

22/06/15 NCDEX GUARGUM JULY BUY 10370 10420-10480 10310 NOT EXECUTED

22/06/15 NCDEX GUARGUM JULY SELL 10140 10090-1030 10200 NOT EXECUTED

22/06/15 MCX GOLD AUG. BUY 27150 27230-27330 27060 NOT EXECUTED

22/06/15 MCX GOLD AUG. SELL 27020 26940-26840 27110 BOOKED FULL PROFIT

22/06/15 MCX SILVER JULY BUY 36850 37050-37350 36550 SL TRIGGERED

22/06/15 MCX SILVER JULY SELL 36500 36300-36000 36800 SL TRIGGERED

22/06/15 USD/INR JUNE BUY 72.24 72.39-72.59 72.04 NOT EXECUTED

22/06/15 USD/INR JUNE SELL 71.83 71.68-71.48 70.03 NO PROFIT NO LOSS

22/06/15 EUR/INR JUNE BUY 63.69 63.82-63.97 63.49 NOT EXECUTED

22/06/15 EUR/INR JUNE SELL 63.58 63.45-63.30 63.78 NOT EXECUTED

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

22/06/15 NIFTY FUTURE BUY 8200-8240 8300-8400 8100 BOOKED PROFIT

22/06/15 ICICIBANK FUTURE BUY 306 310-313 302 BOOKED FULL PROFIT

22/06/15 BHEL FUTURE SELL 246.5-247.5

241-239 251.6 CALL OPEN

22/06/15 LICHSGFIN CASH BUY 442 446-450 437 BOOKED FULL PROFIT

19/06/15 SHARDA CROP CASH BUY 320-325 335-350 305 CALL OPEN

18/06/15 CIPLA FUTURE BUY 610-615 625-640 590 CALL OPEN

18/06/15 BIOCON FUTURE BUY 465-470 480-490 450 CALL OPEN

19/06/15 NIFTY FUTURE BUY 8200 8300-8400 8100 BOOKED PROFIT


DAILY REPORT

23rd

JUNE 2015


NEXT WEEK'S U.S. ECONOMIC REPORTS

ECONOMIC CALENDAR

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Disclaimer

TIME REPORT PERIOD ACTUAL CONSENSUS

FORECAST PREVIOUS

MONDAY, JUNE 22

8:30 AM EMPIRE STATE INDEX JUNE 5.7 3.1

9:15 AM INDUSTRIAL PRODUCTION MAY 0.2% -0.3%

9:15 AM CAPACITY UTILIZATION MAY 78.3% 78.2%

10 AM NAHB HOME BUILDERS' INDEX JUNE 55 54

TUESDAY, JUNE 23

8:30 AM HOUSING STARTS MAY 1.10 MLN 1.135 MLN

8:30 AM BUILDING PERMITS MAY -- 1.14 MLN

WEDNESDAY, JUNE 24

2 PM FOMC ANNOUNCEMENT

2:30 PM JANET YELLEN PRESS CONFERENCE

THURSDAY, JUNE 25

8:30 AM WEEKLY JOBLESS CLAIMS JUNE 13 N/A N/A

8:30 AM CONSUMER PRICE INDEX MAY 0.5% 0.1%

8:30 AM CORE CPI MAY 0.2% 0.3%

8:30 AM CURRENT ACCOUNT DEFICIT 1Q -- -$114 BLN

10 AM PHILLY FED JUNE 8.0 6.7

10 AM LEADING INDICATORS MAY -- 0.7%

FRIDAY, JUNE 26

NONE SCHEDULED


epic research daily special report 23 june 2015

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