Epic research special report of 15 mar 2016

DAILY REPORT 15

th MARCH 2016

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Global markets at a glance Globally markets extended gains from last week post an-nouncement of fresh stimulus measures from the European Central Bank. European equities were higher as investors looked ahead to a raft of central bank meetings and rate decisions this week. Germany's DAX gained 1.6% followed by Britain's FTSE and France's CAC with half a percent up-side. Asian markets closed higher with Nikkei and Shanghai rising 1.7% each. Hang Seng climbed over a percent. Wall Street closed little changed in light trading on Mon-day as consumer discretionary gains countered losses in energy shares and investors laid low ahead of a US Federal Reserve meeting. The Fed is not expected to raise interest rates at the two-day meeting, which begins on Tuesday, but investors will be on the lookout for clues about future hikes. The recent rally in oil prices and data pointing to a strengthening US economy have helped stocks recover from a steep selloff at the start of the year. The S&P 500 is now down about 1 percent in 2016, after having been down as much as 10.5 percent in mid-February. European equities extended gains on Monday, with auto shares propelled by a positive outlook for the sector and miners helped by a steadying of copper prices below four-month highs. The European mining index rose 1.8 percent, the top gainer in the FTSEurofirst 300 index after data from China at the weekend and comments by a regulator soothed worries over both the health of the world's second-biggest economy and the outlook for metals demand. Previous day Roundup Equity benchmarks closed off day's high amid volatility on first day of the week, tracking positive global cues. FMCG, oil, metals and select banks stocks helped the market while HDFC group stocks limited upside. The Sensex rose 86.29 pts to 24804.28. The Nifty failed to hold 7550 level in trade today, up 28.55 points to 7538.75 at close. The broader markets also ended higher with the BSE Midcap and Small-cap indices rising 0.3-0.4%. Despite the recent rally in the market, fortunes have not turned in favour of the bulls, though fears about global recession have abated a bit Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 26.99pts], Capital Goods [up 10.86Pts], PSU [down 28.86pts], FMCG [up 52.14Pts], Realty [up 4.47pts], Power [up 4.94pts], Auto [up 103.37Pts], Healthcare [up 31.96Pts], IT [up 1.23pts], Metals [down 152.90Pts], TECK [up 4.47pts], Oil& Gas [up 40.73pts].

World Indices

Index Value % Change

D J l 17229.13 +0.09

S&P 500 2019.64 -0.13

NASDAQ 4750.28 +0.04

FTSE 100 6174.57 +0.57

Nikkei 225 17226.29 -0.04

Hong Kong 20309.55 -0.62

Top Gainers

Company CMP Change % Chg

ICICIBANK 221.05 7.20 3.37

TATAMOTORS 365.50 11.25 3.18

CAIRN 151.45 4.50 3.06

TECHM 470.50 12.45 2.72

VEDL 89.00 1.65 1.89

Top Losers


KOTAKBANK 633.35 9.30 -1.45

M&M 1,207.80 12.70 -1.04

IDEA 101.20 1.00 -0.98

SUNPHARMA 860.35 7.85 -0.90

TCS 2,346.10 19.15 -0.81

Stocks at 52 Week’s HIGH

Symbol Prev. Close Change %Chg

DWARKESH 191.40 17.40 10.00

FINPIPE 370.00 -4.65 -1.24

GALLISPAT 461.80 -4.35 -0.93

MARICO 250.40 4.35 1.77

WELSPUNIND 994.00 20.60 2.12

Indian Indices


NIFTY 7538.75 +28.55 +0.38

SENSEX 24804.28 +86.29 +0.35

Stocks at 52 Week’s LOW

Symbol Prev. Close Change %Chg

J&KBANK 61.80 -0.40 -0.64

KERNEX 31.00 -0.15 -0.48

PRESTIGE 142.00 -3.50 -2.41

SPECIALITY 80.55 -1.25 -1.53

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DAILY REPORT 15

th MARCH 2016


STOCK RECOMMENDATION [CASH] 3. KITEX

KITEX getting resistance at 425 at last Thursday it cross these resistance but after making high of 429 it correct from the higher level if we seen last one week move then it is in fix range so sell it on rise around 422-425 for target of 410 400 with strict stop loss of 430. MACRO NEWS WPI for Feb. has come in flat at -0.91%, compared with

January's -0.90% and -2.17% during the corresponding month of 2015. This marks 16th straight month of de-cline. The index for 'Food Articles' group slipped by 3.2% in Feb due to lower price of fruits and vegetables. The 'non-food articles' index too has declined by 2.9% MoM.

Expect 10-15% growth in FY16: Manappuram Finance CBI says Mallya inflated value of collateral properties. Govt may raise Rs 1400cr via 5% stake sale in Bharat

Electronics PSU banks' GNPL likely to increase in FY17: Crisil's Sitara-

man SpiceJet, Maran exchange draft resolution for warrant

issue Rains in northern, eastern India damage wheat, mustard

crops: IMD Cement demand likely pick up from Q1FY17: Star Ferro Govt to appoint 10,000 new LPG distributors in 2016-17 Oil losses deepen on doubts over output freeze deal India Inc's Jan overseas investment rises 40% at $3.14 bn Telecom operators spending more money on top sub-

scribers to preserve bottomline Jewellers lost 20% of business after govt's PAN mandate Bankers led by SBI warn distressed corporates to speed

up asset sales Banks to pay Rs 500 crore more on SB deposits Corex ban on Pfizer’s petition

STOCK RECOMMENDATIONS [FUTURE] 1. PFC [FUTURE]

In last session we saw bounce in PFC future since on daily chart it is moving in rising wedge pattern according to that we may see more up move up to 176 while the wedge sup-port at 168 here we may see pattern breakdown so we ad-vise to sell it around 174-175 for target of 170 168 163 with stop loss of 176.25 2. LICHSGFIN [FUTURE]

LICHSGFIN Future continuously facing strong supply near 469, In last three session it crossed 468 level on daily basis but due to supply it is not sustaining near this level and in last session it end at 458.50 with bearish engulfing pattern so we advise to sell it around 462-463 with strict stop loss of 470 for target of 453 440.


DAILY REPORT 15

th MARCH 2016


FUTURE & OPTION

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 7,600 69.50 2,77,592 56,25,825

NIFTY CE 7,800 15.10 1,70,725 41,23,200

BANKNIFTY CE 16,000 83.00 60,202 6,67,770

CROMPGREAV CE 160 0.05 14,382 1,14,78,000

SBIN CE 190 3.55 2,226 42,18,000

ICICIBANK CE 230 3.75 2,173 16,89,800

AXISBANK CE 430 7.50 1,988 15,27,000

RELIANCE CE 1,040 11.80 1,960 8,83,000

MOST ACTIVE PUT OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 7,500 79.50 2,30,828 40,69,000

NIFTY PE 7,400 48.80 1,98,525 49,56,825

BANKNIFTY PE 15,000 183.25 45,293 5,64,810

CROMPGREAV PE 140 0.05 11,235 99,63,000

SBIN PE 180 5.15 1,371 21,22,000

ICICIBANK PE 220 6.80 1,323 12,81,800

TATASTEEL PE 290 8.25 1,070 9,22,000

TATAMOTORS PE 350 6.30 956 6,63,000

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 34300 1865.95 19447 1004.88 313185 17261.62 861.08

INDEX OPTIONS 388961 21289.19 384640 21050.58 1378144 76811.93 238.61

STOCK FUTURES 58372 2677.79 62931 2930.91 1038751 47035.85 -253.12

STOCK OPTIONS 39640 1808.52 39315 1778.26 77097 3519.19 30.26

TOTAL 876.83

STOCKS IN NEWS Coal India tanks 8% post adjustment for interim divi-

dend Glenmark rises 2% on USFDA approval for anti-

migraine drug ICICIBank hits overseas debt market with $500mn issue M&M plans to invest $1.5bn over three years Cairn India seeking higher price to extract more oil

from Rajasthan block Jindal Power to sell 4.12% stake in IEX by March-end Richa Industries wins Rs 24 crore order from Bharat

Electronics Limited NIFTY FUTURE

After opening with a gap up NIFTY in yesterday trading session remained range bound to bearish. It moved around 60 points in whole session and closed with a negative candlestick. Nifty has a good resistance 7560 and it is respecting that. So we advise you to go short in Nifty from 7550-7565 for the targets of 7460 and 7300 with strict stop loss around 7700.

INDICES R2 R1 PIVOT S1 S2

NIFTY 7,614.00 7,576.00 7,545.00 7,507.00 7,476.00

BANK NIFTY 15,501.00 15,389.00 15,304.00 15,192.00 15,107.00


DAILY REPORT 15

th MARCH 2016


RECOMMENDATIONS

GOLD

TRADING STRATEGY:

BUY GOLD ABOVE 29300 TARGET 29380 29480 SL 29200

SELL GOLD BELOW 29200 TARGET 29120 29020 SL 29300

SILVER

TRADING STRATEGY:

BUY SILVER ABOVE 37500 TARGET 37700 38000 SL 35200

SELL SILVER BELOW 37200 TARGET 3700 36700 SL 37500

COMMODITY ROUNDUP MCX Copper was higher while LME Copper was steady be-low four-month highs on Monday, after China data at the weekend and comments by a top regulator soothed worries over both the health of the world's second-biggest economy and the outlook for its demand for metals. While the China data did show further weakness, it contained a few bright spots such as fixed-asset investment that quickened 10.2 percent year-on-year in the first two months, beating mar-ket expectations of 9.5 percent. China's output of key indus-trial commodities including coal and steel continued to shrink in the first two months of the year amid chronic over-supply, while crude oil production slipped as a global price slump took its toll. MCX Copper was trading at Rs 336.40 per kg, up 0.57%. The metal tested a high of Rs 338.9 per kg and a low of Rs 335.30 per kg. Oil prices rose in early Asian trade on Tuesday, coming off six day lows reached the session before, as concerns that a six-week market recovery has gone beyond the fundamen-tals of oversupply start to take hold. Saudi Arabia kept its crude oil production steady in February at just above 10 million barrels per day, suggesting the world's biggest oil exporter is keeping to a preliminary deal with other produc-ers to freeze output. US crude futures were 17 cents higher at $37.35 a barrel at 0054 GMT. On Monday, they settled down 3.4% at $37.18 a barrel. Brent was also 17 higher at $39.70, after finishing $39.53 in the previous session. Gold prices fell Rs 73 to Rs 29,427 per 10 grams in fu-tures trade Saturday as participants reduced their positions even as metal strengthened overseas. At Multi Commodity Exchange, gold for delivery in April contract was trading lower by Rs 73 or 0.25% at Rs 29,427 per 10 grams in a busi-ness turnover of 603 lots. Also, the metal for delivery in far-month June shed Rs 62 or 0.21% to Rs 29,731 per 10 grams in 6 lots. Trimming of positions at prevailing levels by specu-lators led to the fall in gold prices at futures trade but a firming trend overseas, capped the losses. Globally, gold fell 0.6% to $1,256.88 an ounce in Singapore. According to the data from the American Iron and Steel In-stitute (AISI), steel shipment from the US mills totaled 7.03 million net tons in January, increasing by 7.2% from the pre-vious month. Shipments for different steel products rose for the following—hot-dipped galvanized sheet and strip in-creased by 13%, and cold rolled sheet rose by 12%. During the same month of last year, the shipments totaled 7.76 million tons.


DAILY REPORT 15

th MARCH 2016


NCDEX

NCDEX INDICES

Index Value % Change

CHANA 4480 +1.45

CORIANDER 6688 -0.61

COTTON SEED 2174 -1.00

GUAR SEED 3130 +1.66

JEERA 14780 -1.04

MUSTARDSEED 3950 -0.83

SOY BEAN 3696 +0.14

SUGAR M GRADE 3295 +0.98

TURMERIC 9254 +1.92

WHEAT 1580 +0.96

RECOMMENDATIONS

DHANIYA

BUY CORIANDER APR ABOVE 6950 TARGET 6995 7145 SL

BELOW 6885

SELL CORIANDER APR BELOW 6680 TARGET 6635 6485 SL

ABOVE 6745

GUARGUM

BUY GUARGUM MAR ABOVE 5720 TARGET 5770 5840 SL

BELOW 5660

SELL GUARGUM MAR BELOW 5630 TARGET 5580 5510 SL

ABOVE 5690

Jeera prices are expected to move northward as supply of quality crop is low at this time. Traders estimate prices to touch Rs 3,300 for 20 kg by the of March. High demand from stockists has already pushed up jeera prices so far this month. However, muted demand from the exports sector, has helped to cap the prices from moving up further. Smart gains were reported in guarseed futures from lower levels due to receding arrivals in local mandies along with weak production estimates in the current year. Total arri-vals have been reduced from 60 lakh bags from 90 lakh bags due to limited farmers selling at lower levels. Total production in the range of 150-155 lakh bags in the current year, down 40 lakh bags from the last year Export sales of corn and soybeans were up in the latest USDA's weekly report , with corn topping trade forecasts and corn shipments of 41.4mn bushels a marketing-year high. Wheat sales of 12.1mn for old-crop were down 4% from the prior week but when new-crop sales of 3.8 million are included the sales are up from a week ago and within trade forecasts. The corn and soybean sales and shipments exceeded the paces needed to meet USDA's annual fore-casts. The wheat sales topped the projected USDA pace, while shipments of 15.4 million missed. Old-crop soybean sales of 17.5 million were up 8% from the previous week and up 2% from the four-week average, with the Netherlands the leading buyer followed by Indonesia and China. For the 2016/2017 market year, sales of 121,242 bushels went to Japan. In wheat, the old-crop wheat sales were led by Japan, Taiwan and Mexico, while new-crop business of nearly 3.8 million was led by South Korea, Italy and Mexico. Corn, soybean and wheat futures had little re-action to the export numbers as the crops closed the over-night session with modest losses.


DAILY REPORT 15

th MARCH 2016


RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 67.0230 Yen-100 58.9000

Euro 74.8044 GBP 96.3389

CURRENCY

USD/INR

BUY USD/INR MAR ABOVE 67.35 TARGET 67.48 67.63 SL BE-

LOW 67.15

SELL USD/INR MAR BELOW 67.2 TARGET 67.07 66.92 SL

ABOVE 67.4

EUR/INR

BUY EUR/INR MAR ABOVE 74.88 TARGET 75.03 75.23 SL BE-

LOW 74.68

SELL EUR/INR MAR BELOW 74.7 TARGET 74.55 74.35 SL

ABOVE 74.9

CURRENCY MARKET UPDATES: The US dollar is holding on to gains against a basket of cur-rencies in quiet trades on Monday as sentiments remain cautious ahead of the Fed's upcoming policy meeting this week. The dollar index was up 0.25% at 96.47, pulling away from Friday's one-month low of 95.94. The greenback weakened after China's central bank boosted the fixed rate of the yuan following a sharp rally in the euro on Thursday, after ECB President appeared to indicate that the bank would not cut interest rates deeper into negative territory. The euro remained under pressure after the ECB cut inter-est rates across the euro zone to new record lows and boosted its quantitative easing program last Thursday. The ECB cut its benchmark interest rate to a record-low of zero from 0.05% and boosted its quantitative easing program by €20 billion per month to €80bn, starting in April. The single common currency slid 0.30% to 1.1115 versus the dollar. USD/JPY was little changed at 113.75. As against the pound, dollar was higher against with GBP/USD down 0.22% at 1.4350. Losing its three-day gaining momentum, the rupee on Monday dropped six paise to end at 67.11 per dollar on fag-end demand for the American currency from banks and importers on the back of a higher greenback in the over-seas market. However, persistent foreign capital inflows amidst firm domestic equity restricted the rupee's fall. The rupee resumed higher at Rs 66.99 against Friday's closing level of 67.05 at the interbank Forex market and firmed up further to a high of 66.8750 on initial selling of dollars by banks and exporters. However, it dropped afterwards to 67.15 before ending at 67.11 due to fag-end dollar demand from banks and importers on the back of higher greenback in the overseas market, showing a loss of 6 paise or 0.09%. The rupee had gained by 30 paise or 0.45 % in previous three trading days. The domestic currency hovered in a range of 66.87 and 67.15 per dollar during the day. In cross-currency trades, the rupee declined further against the pound sterling to finish at 96.34 from the last week-end's level of 95.83 and also moved down against the euro to close at 74.61 from 74.32. The domestic unit fell against the yen to settle at 59.03 per 100 yen from 58.91.


DAILY REPORT 15

th MARCH 2016


Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

14/03/16 NCDEX DHANIYA APR. BUY 6820 68665-7015 6755 BOOKED PROFIT

14/03/16 NCDEX DHANIYA APR. SELL 6710 6665-6515 6775 NO PROFIT NO LOSS

14/03/16 NCDEX GUARGUM MAR. BUY 5620 5670-5740 5560 BOOKED FULL PROFIT

14/03/16 NCDEX GUARGUM MAR. SELL 5490 54409-5370 5550 NOT EXECUTED

14/03/16 MCX GOLD APR. BUY 29600 269680-29780 29500 BOOKED PROFIT

14/03/16 MCX GOLD APR. SELL 29500 29420-29320 29600 NOT EXECUTED

14/03/16 MCX SILVER MAR. BUY 37700 37900-38200 37400 BOOKED FULL PROFIT

14/03/16 MCX SILVER MAR. SELL 37400 37200-36900 37700 NO PROFIT NO LOSS

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

14/03/16 NIFTY FUTURE BUY 7450 7550-7650 7300 NOT EXECUTED

14/03/16 COLPAL FUTURE BUY 820 830-840 855 BOOKED FULL PROFIT

14/03/16 APOLLOTYRE FUTURE SELL 171-172 169-166 173 NOT EXECUTED

14/03/16 BRROKS CASH SELL 93 90-85 95 NO PROFIT NO LOSS

11/03/16 SRTRANSFIN FUTURE SELL 920 905-890 931 SL TRIGGERED


DAILY REPORT 15

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


Business

Epic research special report of 15 mar 2016