Epic research special report of 30 dec 2015

DAILY REPORT

30th

DEC. 2015

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Global markets at a glance Asian shares glided higher in early trading on Wednesday, taking their cues from overseas gains, although investors are cautiously watching to see whether renewed selling in crude oil futures will dent sentiment. MSCI's broadest in-dex of Asia-Pacific shares outside Japan MIAPJ0000PUS was up 0.3%, on track for a monthly gain of 0.4% though down nearly 12% for the year. Australian shares were up 0.9%. On Wall Street, major U.S. indexes each gained more than 1 percent. All 10 major S&P sectors ended with gains, led by a 1.34-percent rise in the technology sector .SPLRCT, which lifted the S&P 500 .SPX to a modest increase for the year. Japan's Nikkei .N225 was up 0.6 percent, poised to gain over 9 percent for the year, though down more than 3 percent for December. Higher U.S. Treasury yields underpinned the dollar. The yield on benchmark 10-year U.S. Treasury notes US10YT=RR stood at 2.299 percent in early Asian trade, compared with its U.S. close of 2.307 percent on Tuesday. The yield on the U.S. two-year note US2YT=RR closed at 1.095 percent on Tuesday after earlier touching its highest level since April 2010. European stock markets rose on Tuesday, helped by gains in the banking sector, although weaker mining share prices held back the British market. The pan-European FTSEuro-first 300 index was 1.5 percent higher at its close while the euro zone's blue-chip Euro STOXX 50 index advanced 1.8 percent. Britain's blue-chip FTSE 100 index was up 1 per-cent at its close, underperforming bigger gains of 1.9 per-cent on Germany's DAX and 1.8 percent on France's CAC. Previous day Roundup Indian stocks made modest gains on Tuesday propped by auto stocks and a small recovery in banking shares, while the year-end holiday season and caution ahead of the de-rivatives contracts expiry on Thursday kept participation low. The broader Nifty gained marginally to end 0.05 per-cent higher while the Sensex was up 0.17 percent. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 1.52pts], Capital Goods [down 65.42pts], PSU [down 12.68pts], FMCG [down 33.34Pts], Realty [down 12.37Pts], Power [down 3.43pts], Auto [up 102.69Pts], Healthcare [up 10.46Pts], IT [down 10.14pts], Metals [down 30.94Pts], TECK [up 5.26pts], Oil& Gas [up 23.09pts].

World Indices

Index Value % Change

D J l 17720.98 +1.10

S&P 500 2078.36 +1.06

NASDAQ 5107.94 +1.33

FTSE 100 6314.57 +0.96

Nikkei 225 19044.93 +0.33

Hong Kong 21950.10 -0.23

Top Gainers

Company CMP Change % Chg

BAJAJ-AUTO 2,535.00 42.45 1.70

AMBUJACEM 206.05 3.35 1.65

GRASIM 3,750.00 54.80 1.48

ACC 1,349.10 18.25 1.37

M&M 1,265.20 15.80 1.26

Top Losers


HCLTECH 852.50 15.20 -1.75

BHEL 168.70 2.75 -1.60

COALINDIA 321.80 3.70 -1.14

POWERGRID 140.55 1.60 -1.13

DRREDDY 3,090.80 29.90 -0.96

Stocks at 52 Week’s HIGH

Symbol Prev. Close Change %Chg

ARVIND 350.50 2.75 0.79

AUROPHARMA 888.25 16.50 1.89

BERGEPAINT 260.60 3.35 1.30

JETAIRWAYS 646.60 8.60 1.35

ESSAROIL 256.90 0.45 0.18

IGL 534.25 6.80 1.29

RCOM 87.70 1.80 2.10

Indian Indices


NIFTY 7928.95 +3.80 +0.05

SENSEX 26079.48 +45.35 +0.17

Stocks at 52 Week’s LOW

Symbol Prev. Close Change %Chg

GPPL 138.70 -7.80 -5.32

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DAILY REPORT

30th

DEC. 2015


STOCK RECOMMENDATION [CASH] 3. TVSELECT [CASH]

TVSELECT is too volatile it respect to support of 131 and given bounce then in last half an hour it come around day high & end at 135 since 55DMA getting support from 100DMA and above 137 it has given bounce up to 145 so buy it above 137 for target of 140 145 with stop loss of 134 MACRO NEWS Supreme Court upholds Kerala HC order of liquor ban Awaiting CCI nod for DT Cinemas-PVR 500cr deal: DLF BNP Paribas to pick up 5% stake in SREI Odisha project to add Rs 135 cr to EBITDA: Sterling Tech Oil remain weak as slowing demand adds to high output Telcos cross 100-cr user mark, but call-drop spoils party PAN requirement to impact sales of Rs 2-5 lakh jewel-

lery: Titan Govt in process of granting transmission connectivity to

20 power plants Indian state run OMCs to set up largest refinery in Ma-

harashtra Bharat Petroleum commissions Rs 1,419-crore crude dis-

tillation unit at Mumbai refinery Essar Oil's delisting to be biggest in India Jaypee Cement gets green nod to expand limestone min-

ing in Andhra Pradesh India’s engineering products exports may fall to $60 bil-

lion from last fiscal: EEPC India review Indian mkt has lost its beta; it is worrying: Ridham Desai Bharti Airtel Airtel acquires 74% capital of Augere Wire-

less Broadband With the aforesaid acquisition IDBI Bank receives `2,229 Cr From Govt Towards Pref

Allotment Of Equity Shares GAIL in talks wit Golar LNG for shipping US gas: FE SKS Microfiannce completes 3rd Securitization Transac-

tion of Rs.372.47 crore in FY16 DB Realty completes amalgamation of erstwhile subsidi-

ary Reliance Infra - Czech defence major Tatra to join hands

with Reliance Defence

STOCK RECOMMENDATIONS [FUTURE] 1. SKSMICRO [FUTURE]

SKSMICRO Future facing resistance around 498 in last week after facing profit booking around 498 it bounce from 482 & at last session it end at 494.60 with 2% gain since RSI also has positive divergence so buy it above 498 for target 502 510 530 with stop loss of 491. 2. BHARTIARTL [FUTURE]

BHARTIARTL Future given breakout of trend line if we seen on EOD chart then it create rounding bottom formation since previous week high is 338.50 so big up move come above this level while support at 331 so buy it around 331 use stop loss of 328 for target of 335 338 345.


DAILY REPORT

30th

DEC. 2015


FUTURE & OPTION

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 8,000 7.00 4,61,340 81,00,450

NIFTY CE 7,950 19.25 2,18,897 20,37,600

BANKNIFTY CE 17,000 85.30 1,08,006 5,68,560

RELINFRA CE 520 2.60 5,086 11,31,000

RELIANCE CE 1,020 4.90 4,039 8,21,500

SBIN CE 230 1.60 3,602 35,54,000

DRREDDY CE 3,200 8.50 3,251 2,67,000

RCOM CE 90 0.50 3,244 86,80,000

MOST ACTIVE PUT OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 7,900 13.00 4,56,483 47,13,650

NIFTY PE 7,850 4.55 2,03,766 23,28,000

BANKNIFTY PE 16,800 15.00 50,993 3,09,180

RELIANCE PE 1,000 1.75 2,710 6,71,000

RELINFRA PE 500 3.50 2,640 7,18,900

RCOM PE 85 0.25 2,074 47,28,000

AXISBANK PE 450 0.75 1,753 8,05,000

ICICIBANK PE 260 0.85 1,743 18,12,200

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 152468 8718.29 139623 8019.48 313703 18274.95 698.81

INDEX OPTIONS 287144 16714.82 295196 17175.43 1276972 75131.58 -460.61

STOCK FUTURES 309613 15667.36 310010 15664.21 1131216 56835.29 3.14

STOCK OPTIONS 30144 1545.71 31291 1602.93 88708 4398.14 -57.22

TOTAL 184.12

STOCKS IN NEWS

Suven Life gets patent for neurodegenerative drug Lupin gets FDA approval for generic Femhrt tablets BHEL falls 3%; Morgan Stanley sees Yadadri project at

risk SKS Micro up 2%; Motilal Oswal initiates buy on RBI

move BHEL commissions Prayagraj power project unit in UP KSCL gets surprise audit firm letter on forensic check Bombay High Court asks VEDL, Cairn to explain merger

NIFTY FUTURE

Nifty in last trading session could move only around 40 points, it remained range bound to bullish and closed with further upside indication, as it is continuously taking trend line support and it also has strong resistance around 8000. So we advise you to buy Nifty Future around 7900 for the targets of 8000 and 8100 with strict stop loss of 7750

INDICES R2 R1 PIVOT S1 S2

NIFTY 7,965.00 7,947.00 7,924.00 7,906.00 7,883.00

BANK NIFTY 17,111.00 17,051.00 16,986.00 16,861.00 16,801.00


DAILY REPORT

30th

DEC. 2015


RECOMMENDATIONS

GOLD

TRADING STRATEGY:

BUY GOLD FEB ABOVE 25300 TGTS 25380,25480 SL BE-

LOW 25200

SELL GOLD FEB BELOW 25100 TGTS 25020,24930 SL

ABOVE 25200

SILVER

TRADING STRATEGY:

BUY SILVER MAR ABOVE 33900 TGTS 34100,34400 SL BE-

LOW 33600

SELL SILVER MAR BELOW 33500 TGTS 33300,33000 SL

ABOVE 33800

COMMODITY ROUNDUP U.S. crude futures CLc1 began Asian trading under pressure, and were last down 1.7 percent at $37.23. U.S. crude and Brent LCOc1 jumped 3 percent overnight, taking back the ground lost in the previous session as colder weather fore-casts raised expectations of more demand. But weekly data from industry group the American Petroleum Institute (API) showed a rise of almost 3 million barrels in U.S. crude inven-tories, defying expectations of no change and rekindling fears of a supply glut. Gold is recovering after losing yesterday. COMEX Gold eased yesterday amid corrective moves in global risky as-sets. Global equities edged up amid some bargain buying though the overall activity was marked by low volumes amid yearend trades. Strong US coin demand and good cen-tral bank buying are keeping the yellow metal well sup-ported even as the Indian Gold imports remain lax. COMEX Gold futures tested their seven year lows yet again but carved out decent gains to end around $1075 mark last week. The metal dropped under $1070 per ounce mark in US session yesterday but edged up today, trading at $1071 per ounce, up 0.25% on the day. MCX Gold futures eased towards Rs25100 per 10 grams mark before witnessing some buying in last session. The counter currently trades at Rs 25199 per 10 grams, up 0.29% on the day. Lead prices were down by 0.22% to Rs 114.75 per kg in fu-tures trading today as participants cut down their bets largely in tune with a weak trend in base metals at the Lon-don Metal Exchange amid subdued demand from battery-makers in the domestic spot market. In futures trading at the Multi Commodity Exchange, lead for delivery in current month declined by 25 paise, or 0.22%, to Rs 114.75 per kg in a business turnover of 599 lots. The metal for delivery in January 2016 contract was trading flat at Rs 114.85 Nickel prices moved up by Rs 3.90 to Rs 571.50 per kg in futures market today after speculators widened positions, tracking a firming trend in spot market on increased de-mand from alloy-makers. However, metal's weakness at the London Metal Exchange restricted the upside. At the MCX nickel for delivery in January 2016 gained Rs 3.90, or 0.69%, to Rs 571.50 per kg in business turnover of 376 lots. In a similar manner, the metal for delivery in current month rose by Rs 3.80, or 0.68%, to Rs 565.40 per kg in 1,780 lots. In-creased domestic demand from alloy-makers and other con-suming industries influenced nickel futures here but metal's weakness at the LME limited the gains


DAILY REPORT

30th

DEC. 2015


NCDEX

NCDEX ROUNDUP Sugar remained firm and prices were up 0.5% at Rs 3,230 per quintal in futures trading today on positive cues from the spot market as demand rose. However, adequate stocks on higher supplies from mills, restricted the rise. At NCDEX sugar for delivery in May month rose by Rs 16, or 0.50% to Rs 3,230 per quintal with an open interest of 24,660 lots. Likewise, the sweetener for delivery in March contracts traded higher by Rs 13, or 0.41% to Rs 3,151 per quintal in 90,820 lots. Analysts attributed rise in sugar prices at fu-tures trade to building up of positions on strong demand at spot markets from retailers as well as bulk consumers. Sowing of rabi crops continued to be lower than the previ-ous year with wheat and mustard recording the highest shortfall because of low moisture in the soil, raising concerns on output. With temperatures remaining higher than normal during the day in parts of the country, there could be a further impact on sowing unless winter sets in. Till last week, wheat was sown in around 25.93mn hectares (ha), almost 7.23 per cent less than the previous year. Total area sown for all rabi crops was down at 52.07 million ha as on Dec 23 as compared with 54.01mn ha in the previous year. Buoyancy continued in wheat futures due to sluggish sow-ing progress of new crop along with strong miller's buying. The main winter crop of wheat has been sown in 25.9 mn hectares so far, 7% lower than the normal area of 27.9 mn hectares on 23rd Dec 2015. This is mainly due to dry win-ter , which has reduced the overall moisture level of the soil. The prices were also encouraged by strong miller's buy-ing in Southern region. The NCDEX Feb wheat futures aug-

NCDEX INDICES

Index Value % Change

CASTOR SEED 3768 -1.02

CHANA 4733 -3.45

CORIANDER 7942 -5.99

COTTON SEED 2059 -0.63

GUAR SEED 3340 -1.97

JEERA 14160 +0.25

MUSTARDSEED 4290 -2.41

SOY BEAN 3714 +0.68

SUGAR M GRADE 3133 -0.16

TURMERIC 9974 +0.73

RECOMMENDATIONS

DHANIYA

BUY CORIANDER JAN ABOVE 8225 TARGET 8270 8420 SL

BELOW 8160

SELL CORIANDER JAN BELOW 7930 TARGET 7885 7735 SL

ABOVE 7995

GUARGUM

BUY GUARGUM JAN ABOVE 6650 TARGET 6700 6770 SL BE-

LOW 6590

SELL GUARGUM JAN BELOW 6440 TARGET 6390 6320 SL

ABOVE 6500


DAILY REPORT

30th

DEC. 2015


RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 66.3700 Yen-100 55.1600

Euro 72.8477 GBP 98.9112

CURRENCY

USD/INR

BUY USD/INR JAN ABOVE 66.38 TARGET 66.51 66.66 SL BE-

LOW 66.18

SELL USD/INR JAN BELOW 66.25 TARGET 66.12 65.97 SL

ABOVE 66.45

EUR/INR

BUY EUR/INR JAN ABOVE 72.8 TARGET 72.95 73.15 SL BE-

LOW 72.6

SELL EUR/INR JAN BELOW 72.65 TARGET 72.5 72.3 SL ABOVE

72.85

CURRENCY MARKET UPDATES: The Indian rupee on Tuesday weakened against the US dol-lar in thin holiday trade, tracking losses in most Asian cur-rencies. The rupee closed at 66.40 a dollar, down 0.30% from its previous close of 66.20. The local currency had opened at 66.27 a dollar and touched a low of 66.42—a level last seen on 18 December. Most Asian currencies closed lower against the dollar. Singapore dollar was down 0.44%, Indonesian rupiah 0.37%, South Korean won 0.37%, China offshore 0.21, and Thai baht 0.05%. However, Philip-pines peso was up 0.19%, Malaysian ringgit and Taiwan dollar were up 0.09% each. The US dollar remained relatively steady against a basket of currencies on Tuesday, as trading volumes remained thin ahead of the New Year holiday. Investors remained cautious ahead of a report on U.S. consumer confidence due later in the day after mixed U.S. economic reports re-leased last week failed to offer clues as to how fast the U.S. central bank will raise interest rates next year. With the first U.S. rate hike since 2006 out of the way, in-vestors are now focusing on the pace of future rate in-creases. The dollar index, which measures the greenback's strength against a trade-weighted basket of six major cur-rencies, was steady at 98.07. The European unit was almost unchanged at 1.0973 versus the greenback. USD/JPY held steady at 120.42. As against the pound, the dollar was higher with GBP/USD down 0.26% at 1.4843. Heading into the final week of the year, trading volumes are expected to remain light as many trad-ers already closed books, reducing liquidity in the market which could result in exaggerated moves. The dollar index .DXY, which tracks the greenback against a basket of six rival currencies, was up 0.1% at 98.196. The index rose to nearly a one-week high of 98.413 on Tues-day, from a nearly two-week low earlier in the session. It is up 8.8% for the year, though down nearly 2% for the month as investors pare their dollar-long positions after the U.S. Fed widely anticipated interest rate increase ear-lier in Dec. The dollar edged up slightly to 120.50 yen JPY=, while the euro edged up 0.1 percent to $1.0930 EUR=.


DAILY REPORT

30th

DEC. 2015


Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

29/12/15 NCDEX DHANIYA JAN. BUY 8640 8685-8835 8575 NOT EXECUTED

29/12/15 NCDEX DHANIYA JAN. SELL 8400 8355-8205 8465 BOOKED FULL PROFIT

29/12/15 NCDEX GUARGUM JAN. BUY 6720 6770-6840 6660 NOT EXECUTED

29/12/15 NCDEX GUARGUM JAN. SELL 6640 6590-6520 6700 BOOKED FULL PROFIT

29/12/15 MCX GOLD FEB. BUY 25150 25230-25330 25060 NOT EXECUTED

29/12/15 MCX GOLD FEB. SELL 24800 24720-24620 24890 NOT EXECUTED

29/12/15 MCX SILVER MAR. BUY 33400 33700-34000 33100 NOT EXECUTED

29/12/15 MCX SILVER MAR. SELL 33100 32900-32600 33400 NOT EXECUTED

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

29/12/15 NIFTY FUTURE BUY 7900 8000-8100 7750 CALL OPEN

29/12/15 DRREDDY FUTURE BUY 3120 3150-3200 3000 SL TRIGGERED

29/12/15 UBL FUTURE SELL 957-960 945-930 970 NOT EXECUTED

29/12/15 SRIPIPES CASH SELL 265 261-255 268.10 BOOKED PROFIT


DAILY REPORT

30th

DEC. 2015


NEXT WEEK'S U.S. ECONOMIC REPORTS

ECONOMIC CALENDAR

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Disclaimer

TIME REPORT PERIOD ACTUAL CONSENSUS

FORECAST PREVIOUS

MONDAY, DEC. 28

NONE SCHEDULED

TUESDAY, DEC. 29

8:30 AM ADVANCE TRADE IN GOODS NOV. -$62.1 BLN -$58.4 BLN

9 AM CASE-SHILLER HOME PRICES OCT. -- 0.6%

10 AM CONSUMER CONFIDENCE DEC. 94.0 90.4

WEDNESDAY, DEC. 30

10 AM PENDING HOME SALES NOV. 0.7% 0.2%

THURSDAY, DEC. 31

8:30 AM WEEKLY JOBLESS CLAIMS DEC. 19 N/A N/A

FRIDAY, JAN. 01

NEW YEAR'S DAY

NONE SCHEDULED


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Epic research special report of 30 dec 2015