epic research special report of 03 nov 2015

DAILY REPORT

03rd

NOV. 2015

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance On the global front, Asian markets closed lower on tepid China's PMI data. Caixin's purchasing managers' index in October rose to 48.3 from Sept's fresh six-and-a-half year low of 47.2, contracting for an eighth straight month. Shanghai, Nikkei and Hang Seng were down 1-2%. Asian share markets crept ahead on Tuesday after the bench-mark for U.S tech stocks hit its highest in 15 years, while a holiday in Japan kept currencies tethered within recent tight ranges. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS firmed 0.4 percent after los-ing ground for five straight sessions. Australian stocks bounced 1.2 percent, recouping a little ground after a vi-cious run of selling. Wall Street had boasted gains across all sectors, led by in-creases in the beaten-down energy group and the acquisi-tion-driven healthcare industry. The Dow .DJI ended Mon-day with gains of 0.94 percent, while the S&P 500 .SPX added 1.19 percent and the Nasdaq .IXIC rose 1.45 percent to its highest close since 2000. European shares had a positive start to the week after busi-ness surveys (PMIs) from around the euro zone beat expec-tations, while Commerzbank's better-than-expected results brightened a mixed picture for earnings season. The pan-European FTSEurofirst 300 index was up 0.3 percent at the close, reversing early losses after weak Chinese data sparked global growth concerns, while the euro zone's blue-chip Euro STOXX 50 index was up 0.5 percent at the close. Previous day Roundup The market trimmed losses in last hour of trade to close marginally lower, continuing downtrend for sixth consecu-tive session on Monday. Weak Asian cues & Q2 earnings, bad manufacturing PMI data and NDA's likely loss in Bihar elections drove the Nifty below 8000 intraday but buying in RelianceInd & ITC and recovery in Infosys helped market recover in last hour of trade. All eyes are on Bihar elections to lift sentiment and take the market beyond the range. Sensex fell 97.68pts to 26559.15 and Nifty declined 15 pts to 8050.80. The broader markets closed flat. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 62.75pts], Capital Goods [down 157.34pts], PSU [down 10.17pts], FMCG [up 25.70Pts], Realty [up 12.52pts], Power [down 3.45pts], Auto [up 9.17Pts], Healthcare [down 10.52Pts], IT [up 26.75pts], Metals [down 93.15pts], TECK [up 15.90pts], Oil& Gas [up 27.37pts].

World Indices

Index Value % Change

D J l 17828.76 +0.94

S&P 500 2104.05 +1.19

NASDAQ 5127.15 +1.45

FTSE 100 6361.80 +0.01

Nikkei 225 18683.24 -2.10

Hong Kong 22639.32 +1.20

Top Gainers

Company CMP Change % Chg

TECHM 557.40 18.25 3.38

YESBANK 772.95 14.30 1.88

ACC 1,404.15 24.55 1.78

M&M 1,204.40 20.80 1.76

COALINDIA 325.15 5.25 1.64

Top Losers


BAJAJ-AUTO 2,431.00 119.45 -4.68

TATASTEEL 238.50 8.10 -3.28

VEDL 96.90 3.05 -3.05

HINDALCO 81.70 2.35 -2.80

SUNPHARMA 866.20 23.35 -2.62

Stocks at 52 Week’s HIGH

Symbol Prev. Close Change %Chg

DISHMAN 389.50 392.00 389.50

GAYAPROJ 704.00 705.50 689.00

GMBREW 687.45 687.45 654.75

JUBILANT 426.90 429.90 429.80

Indian Indices


NIFTY 8050.80 -15.00 -0.19

SENSEX 26559.15 -97.68 -0.37

Stocks at 52 Week’s LOW

Symbol Prev. Close Change %Chg

ABGSHIP 118.55 116.70 125.00

CORPBANK 42.95 42.60 43.25

FEDERALBNK 54.70 52.15 53.90

IDFC 58.30 54.60 58.30

LT 1,385.90 1,374.25 1,400.00

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DAILY REPORT

03rd

NOV. 2015


STOCK RECOMMENDATION [CASH] 3. ZENSARTECH [CASH]

Whole day ZENSARTECH traded in very narrow range it test resistance at 987 where at 992 it has previous week resistance since at the end it made new high & finished with 2.40% gain so we advise to buy it above 992 for target of 1005 1020 1050 use stop loss of 974 MACRO NEWS ABB India, Aegis Logistics, Asahi India, Berger Paints,

Chambal Fert, Chennai Petro, DLF, Den Networks, Fi-nolex Cables, GAIL, HSIL, Hexaware Tech, IOC, KRBL, NESCO, PVR, Power Finance, Power Grid Corp, Prism Ce-ment, Reliance Power, Schneider Infra, Sharda Crop, Star Ferro, Tech Mahindra, Tube Investment

Baleno, exports lift Maruti Oct sales 29% to 1.34 lakh units

Moody's upgrades Indian banking system to 'stable' Lakshmi Vilas Bank cuts base rate by 0.25% to 10.70% Petrol price cut by 50 paise per litre with effect from

midnight; no change in diesel rates Govt caps prices of new drugs to treat diabetes, hyper-

tension Tata Motors signs on footballer Lionel Messi as global

brand ambassador for 2 years Jaiprakash Power in talks with lenders to refinance debt ICRA upgrades Godrej Properties’ long term credit rat-

ings to AA October Auto Sales: TVS Motor Company, Total Sales Up

14% At 2.75 Lakh Units United Spirits Q2 Net Profit At `929.3 Cr Vs Loss Of `26.9

Cr (YoY) Total Income Up 5.7% At `2,145.5 Cr Vs `2,029.6 Cr (YoY)

IOC Q2 profit may tank 72%, GRM likely to be at $2.5/bbl

STOCK RECOMMENDATIONS [FUTURE] 1. KSCL [FUTURE]

KSCL FUTURE was top loser in last session it breached around 6% it broke important support of 458 but it finished at 459.35 while before bounce it create bottom around 425 so we advise to sell it below 452 for target of 440 425 use stop loss of 461.

2. DRREDDY [FUTURE]

DRREDDY Future was too volatile in last session then at the end it finished with slight gain at 4304 since it has strong resistance around 4330-4340 & it made high of 4324, on other side RSI also weak and volume remain average so we advise to sell it around 4325-4340 use stop loss of 4390 for target of 4280 4230 4150.


DAILY REPORT

03rd

NOV. 2015


FUTURE & OPTION

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 8,200 84.90 1,26,540 28,66,425

NIFTY CE 8,300 52.50 96,793 30,05,550

BANKNIFTY CE 18,000 178.00 26,728 4,17,420

LT CE 1,450 22.00 3,204 5,66,100

ORIENTBANK CE 150 5.00 2,107 9,42,000

ICICIBANK CE 290 4.90 2,024 21,26,700

MARUTI CE 4,500 120.00 1,573 1,67,875

SBIN CE 250 5.40 1,508 37,14,000

MOST ACTIVE PUT OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 8,000 116.75 1,25,821 34,35,975

NIFTY PE 7,900 86.40 1,12,939 34,57,950

BANKNIFTY PE 17,000 268.05 23,384 2,98,830

LT PE 1,350 25.50 1,915 3,15,300

ICICIBANK PE 270 5.15 1,845 23,78,300

ORIENTBANK PE 120 0.50 1,086 8,46,000

ASHOKLEY PE 90 4.05 902 31,71,000

RELCAPITAL PE 400 9.45 854 5,01,000

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 26424 1554.17 31173 1810.21 281867 16801.7 -256.039

INDEX OPTIONS 249859 14611.6 210876 12396.6 941388 56505 2214.992

STOCK FUTURES 61255 3076.02 66758 3342.94 912215 45855.8 -266.925

STOCK OPTIONS 32094 1619.88 30726 1548.29 38038 1905.46 71.5863

TOTAL 1763.61

STOCKS IN NEWS OBC Q2 profit rises 3%; asset quality improves sequen-

tially Poor Q2 numbers drag IOB 15%, hits 52-week low HPCL, GAIL eye petrochemical plant in Andhra Pradesh Vedanta seeks cut in iron ore export duty, levies Sun Pharma may discontinue some non-strategic busi-

nesses Jindal Saw to go for restructuring of firm, subsidiaries Dr Reddy's launches pain relief spray in Indian market NIFTY FUTURE

Nifty continued down trend in yesterday trading session but trimmed some losses in last hour. As it has very im-portant support level around 8000 and Nifty saw reversal from the same level, so we advise you to buy Nifty Fu-ture around 8050 for the targets of 8150 and 8250 with strict stop loss of 7950

INDICES R2 R1 PIVOT S1 S2

NIFTY 8,101.00 8,075.00 8,035.00 8,009 7,969.00

BANK NIFTY 17,472.00 17,406.00 17,307.00 17,241.00 17,142.00


DAILY REPORT

03rd

NOV. 2015


RECOMMENDATIONS

GOLD

TRADING STRATEGY:

BUY GOLD DEC ABOVE 26500 TGTS 26580,26670 SL BE-

LOW 26400

SELL GOLD DEC BELOW 26200 TGTS 25620,25530 SL

ABOVE 25800

SILVER

TRADING STRATEGY:

BUY SILVER DEC ABOVE 36300 TGTS 36500,35800 SL BE-

LOW 36000

SELL SILVER DEC BELOW 35900 TGTS 35700,35400 SL

ABOVE 36200

COMMODITY ROUNDUP

As the gold monetization scheme is all set to start from Thursday, non-banking financial companies (NBFCs) active in gold loan business are looking to cash in. Rolling out new schemes. Gold continued to ease today, falling to nearly five week low as selling continued in the yellow metal after the prices dropped under 100 day Exponential Moving Average (EMA) in the last week. Steady global supplies outlook also hurt the yellow metal. According toa latest quarterly update from GFMS, total gold supply was slightly higher in the third quarter, largely thanks to a 3% increase in global scrap sup-ply, while mine production remained broadly flat, compared to a year ago.

The commodity dropped through $1140 per ounce mark today and currently trades at $1137per ounce, down 0.40% on the day. MCX Gold futures trading at Rs 26499 per 10 grams, down 0.09% on the day. Losses were limited for the local futures following the weakness inthe Indian Rupee. The INR dropped amid weakness in local stocks and reports stating that India’s manufacturing sector growth slipped further and touched a 22-month low in Oct. The INR neared 65.60 per US dollar mark- its lowest in nearly one month.

Copper is likely to remain pressurized by the fact that the Chinese GDP is slowing down. With consumption of over 45%, China remains the key trigger for red metal. The infra-structure demand is slowing down that will take its toll on the value of Copper. LME Copper prices in October 2015 settled at $ 5226 per tonne, down 22.4% from last year. The prices were $ 6734 per tonne during same time last year. MCX Copper was trading at Rs 336.9 per kg, up 0.10%. The prices tested a high of Rs 338 per kg, and a low of Rs 336 per kg. The prices of major nonferrous dropped as the ten-sions in relations to Chinese growth kept tormenting the prices. October was the month in which sharp declines was noted in the metals. Chinese government data showed Q3 economic growth slowed to 6.9%, the first time since the global financial crisis that the country's gross domestic product has grown less than 7%.

Among other metals, production numbers still remain quite high, companies are trying to mitigate their losses by slash-ing the production but all seems to be in vain as far as prices are concerned. In Lead, slowdown in the production and sales of e-bikes which account for about a third of Chinese refined lead metal usage is continuing to adversely affect demand in China. Meanwhile, Zinc supplies can be a cause of concern. All in all, prices of nonferrous metals are unlikely to see any assistance in coming months.


DAILY REPORT

03rd

NOV. 2015


NCDEX

NCDEX ROUNDUP Castor seeds bold and castor oil commercial prices gained at the Vashi oil and oilseed wholesale market on good demand from shippers and soap industries. Linseed oil rose further due to rising off-take from allied and paint industries on the back of upcoming festive seasons. Groundnut oil and re-fined palmolein prices ruled stable in the absence of any worthwhile buying activity. In the non-edible section, cas-torseeds bold climbed Rs 25 per 100 kg to Rs 4,150 from last Saturday's closing level of Rs 4,125, castor oil commercial moved up by Rs 5 per 10 kg to Rs 860 from Rs 855 and lin-seed oil rose by Rs 5 per 10 kg to Rs 850 as against Rs 845 previously. Cardamom prices declined 0.68% to Rs 755 per kg in futures trading as speculators trimmed positions, tracking a weak trend at spot market on sluggish demand. Besides, ade-quate stocks in the physical market on higher supplies from the producing belts put pressure on cardamom prices. At MCX cardamom Nov month fell by Rs 5.20, or 0.68%, to Rs 755 per kg in business turnover of 163 lots. Similarly, the spice for delivery in Dec contracts eased by Rs 2.60, or 0.33% to Rs 780.50 per kg in 61 lots. Offloading of positions by speculators due to subdued demand in the spot market, mainly led to decline in cardamom prices at futures trade. Supported by rising spot demand and tight supplies from producing regions, chana prices were up 1.26% at Rs 4,992 per quintal in futures trade today as participants built their bets further. At NCDEX chana for delivery in December gained Rs 62, or 1.26%, to Rs 4,992 per quintal with an open interest of 54,380 lots. On similar lines, the commodity for delivery in November contracts moved up by Rs 58, or 1.20%, to Rs 4,902 per quintal in 17,770 lots.

NCDEX INDICES

Index Value % Change

CAETOR SEED 4269 -0.42

CHANA 4852 +0.17

CORIANDER 9016 -3.99

COTTON SEED 1651 -0.36

GUAR SEED 3754 -1.34

JEERA 15385 -3.45

MUSTARDSEED 4863 -1.32

REF. SOY OIL 623.7 +0.02

TURMERIC 2723 -0.91

WHEAT 8518 -2.34

RECOMMENDATIONS

DHANIYA

BUY CORIANDER NOV ABOVE 9230 TARGET 9255 9335 SL

BELOW 9200

SELL CORIANDER NOV BELOW 9000 TARGET 8975 8895 SL

ABOVE 9030

GUARSGUM

BUY GUARGUM NOV ABOVE 8130 TARGET 8180 8250 SL

BELOW 8070

SELL GUARGUM NOV BELOW 7800 TARGET 7750 7680 SL

ABOVE 7860


DAILY REPORT

03rd

NOV. 2015


RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 65.4793 Yen-100 54.3800

Euro 72.2171 GBP 101.0608

CURRENCY

USD/INR

BUY USD/INR NOV ABOVE 65.95 TARGET 66.08 66.23 SL BE-

LOW 65.75

SELL USD/INR NOV BELOW 65.72 TARGET 65.59 65.44 SL

ABOVE 65.92

EUR/INR

BUY EUR/INR NOV ABOVE 72.6 TARGET 72.75 72.95 SL BE-

LOW 72.4

SELL EUR/INR NOV BELOW 72.45 TARGET 72.3 72.1 SL

ABOVE 72.65

CURRENCY MARKET UPDATES: The rupee plunged by 32 paise against the US dollar to one-month low of 65.59 on fresh demand for the American currency from banks and importers amid persistent fall in equity markets coupled with strong foreign capital out-flows. The domestic unit opened lower at 65.39 as against last Friday’s level of 65.27 at the Interbank Forex) market and dropped further to 65.62 before ending at one-month low of 65.59, showing a loss of 32 paise or 0.49 per cent. It hovered in the range of 65.36 and 65.62 during the day’s trade. The local currency had last ended at 65.59 on Sep-tember 29, 2015. The dollar index was trading lower by 0.02% against a bas-ket of six currencies in late afternoon trade. The dollar in-dex was barely changed at 96.889 after drifting between 96.635 and 96.965. The euro was hemmed in a tight $1.1000-$1.1053 range EUR= and last stood at $1.1015. Against yen, the greenback was equally restrained at 120.78JPY. The Australian dollar held at $0.7154 AUD=D4 ahead of outcome of a central bank pol-icy meeting that could deliver the first rate cut since May. The US dollar continued to remain lower against a basket of currencies on Monday ahead of US manufacturing data to be released later in the day. The U.S. dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, was at 96.96. The greenback remained under pressure after the University of Michigan said on Friday that its consumer sentiment index fell to 90.0 this month from 92.1 in September, compared to expectations for a rise to 92.5. In addition, personal spending rose 0.1% last month, disappointing expectations for a 0.2% rise and after a 0.4% increase in August. The European unit added 0.15% to trade at 1.1022 versus the dollar. Data showed that growth in the euro zone's manufacturing sector ticked higher in October. The final reading of the euro zone manufacturing purchasing man-agers' index rose to 52.3 from 52.0 in September. The French factory sector posted modest growth with the manufacturing PMI coming in at 50.6 but growth in Ger-many's factory sector slid to a three-month low, with the factory PMI dipping to 52.1 from 52.3 in September.


DAILY REPORT

03rd

NOV. 2015


CALL REPORT

PERFORMANCE UPDATES

Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

02/11/15 NCDEX DHANIYA NOV. BUY 9560 9585-9665 9530 NOT EXECUTED

02/11/15 NCDEX DHANIYA NOV. SELL 9250 9225-9145 9280 BOOKED FULL PROFIT

02/11/15 NCDEX GUARGUM NOV. BUY 8030 8080-8150 7-970 BOOKED PROFIT

02/11/15 NCDEX GUARGUM NOV. SELL 7950 7900-7830 8010 BOOKED PROFIT

02/11/15 MCX GOLD DEC. BUY 26500 26580-26670 26400 SL TRIGGERED

02/11/15 MCX GOLD DEC. SELL 26200 25620-25530 25800 NOT EXECUTED

02/11/15 MCX SILVER DEC. BUY 36600 36800-37100 36300 NOT EXECUTED

02/11/15 MCX SILVER DEC. SELL 36250 26050-35750 36550 BOOKED PROFIT

02/11/15 USD/INR NOV. BUY 65.75 65.88-66.03 65.55 BOOKED PROFIT

02/11/15 USD/INR NOV. SELL 65.55 65.42-65.27 65.75 NOT EXECUTED

02/11/15 EUR/INR NOV. BUY 72.50 72.65-72.85 72.30 BOOKED PROFIT

02/11/15 EUR/INR NOV. SELL 72.20 72.05-71.85 72.40 NOT EXECUTED

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

02/11/15 NIFTY FUTURE SELL 8190-8200 8100-8000 8350 BOOKED PROFIT

02/11/15 ASIANPAINT FUTURE SELL 836-838 828-818 849 BOOKED PROFIT

02/11/15 BPCL FUTURE SELL 881-884 870-865 895 BOOKED PROFIT

02/11/15 EROSMEDIA CASH SELL 271 266-260 277 BOOKED FULL PROFIT


DAILY REPORT

03rd

NOV. 2015


NEXT WEEK'S U.S. ECONOMIC REPORTS

ECONOMIC CALENDAR

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Disclaimer

TIME REPORT PERIOD ACTUAL CONSENSUS

FORECAST PREVIOUS

MONDAY, NOV. 02

9:45 AM MARKIT PMI OCT. -- 54.0

10 AM ISM OCT. 51.0% 50.2%

10 AM CONSTRUCTION SPENDING SEPT. 0.2% 0.7%

TUESDAY, NOV. 03

10 AM FACTORY ORDERS SEPT. 0.2% -1.7%

TBA MOTOR VEHICLE SALES OCT. -- 18.1 MLN

WEDNESDAY, NOV. 04

8:15 AM ADP EMPLOYMENT OCT. -- 200,000

8:30 AM TRADE DEFICIT SEPT. - -$48.3 BLN

10 AM ISM NONMANUFACTURING OCT. -- 56.9%

THURSDAY, NOV. 05

8:30 AM WEEKLY JOBLESS CLAIMS OCT. 31 N/A N/A

8:30 AM PRODUCTIVITY 3Q -- 3.3%

8:30 AM UNIT LABOR COSTS 3Q -- -1.4%

FRIDAY, NOV. 06

8:30 AM NONFARM PAYROLLS OCT. -- 142,000

8:30 AM UNEMPLOYMENT RATE OCT. -- 5.1%

8:30 AM AVERAGE HOURLY EARNINGS OCT. -- 0.2%

3 PM CONSUMER CREDIT SEPT. - $16 BLN


epic research special report of 03 nov 2015

Business