Epic research special report of 13 may 2016

Page 1

DAILY REPORT th

13 MAY 2016

Global markets at a glance European stocks fell on Thursday after a choppy session, weighed down by some disappointing earnings updates, while Bayer and BASF dropped on reports they could be interested in buying Monsanto. The FTSEurofirst 300 index dropped 0.55 percent, having risen by as much as 0.9 percent earlier in the session on the back of gains in crude oil prices, which later turned lower. Oil prices fell back after touching six-month highs, as selling prevailed on signs of another storage build at the hub for U.S. crude futures. Bayer fell 4.8 percent after Bloomberg reported the German group was exploring a bid for Monsanto, while BASF fell 2.1 percent after financial news website Street Insider reported it was also looking at a Monsanto acquisition. In Asia on Friday, the Bank of Korea is expected to announce its monetary policy decision in the morning. Markets in Asia were lower in early trade on Friday, following a modest finish in US equities. In Japan, the Nikkei 225 wavered between gains and losses before slipping 0.28% as the yen saw renewed strength against the dollar during Asian hours, after retreating to the 109 level overnight. Across the Korean Strait, the Kospi was down 0.27 percent. US stocks ended mixed on Thursday, with gains in telecom and consumer staples helping make up for a tumble in Apple to a 2year low. The S&P 500 and DJI swerved between gains and losses before ending virtually flat. Up 0.90 percent, Microsoft was the largest upward force in the S&P 500. The DJI average finished 0.05% higher at 17,720.5pts and the S&P 500 ended down 0.02% at 2,064.11. Pinched by Apple's drop, Nasdaq fell 0.49% to 4,737.33. Seven of the 10 major S&P 500 sectors ended higher, led by a 0.72% gain in telecom and a 0.54% rise in consumer staples. The health index lost 0.58% with Allergan down 3%. Previous day Roundup The market ended with gains as the Sensex was up 193.20 points or 0.7 percent at 25790.22, and the Nifty ended up 51.55 points or 0.7 percent at 7900.40. About 1567 shares have advanced, 1004 shares declined, and 179 shares are unchanged. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 166.26pts], Capital Goods [down 5.69Pts], PSU [up 38.54pts], FMCG [up 25.45Pts], Realty [up 15.14pts], Power [up 11.73pts], Auto [up 92.77pts], Healthcare [up 104.6pts], IT [up 125.45pts], Metals [up 52.49Pts], TECK [up 63.08pts], Oil& Gas [up 74.86pts]. YOUR MINTVISORY

World Indices Index

Value

% Change

DJl S&P 500 NASDAQ FTSE 100 Nikkei 225

17720.50 2054.11 4737.34 6104.19 16467.43

+0.05 -0.02 -0.49 -0.95 -1.07

Hong Kong

19715.21

-1.01

Top Gainers Company

CMP

Change

% Chg

BOSCHLTD

21,000.00

993.90

4.76

ICICIBANK

232.85

8.90

3.97

DRREDDY

2,975.00

106.30

3.71

93.75

2.15

2.35

929.05

21.20

2.34

CMP

Change

% Chg

799.90 19,716.50 1,331.75 853.30 494.00

17.55 260.35 13.45 9.25 4.20

-2.15 -1.30 -1.22 -1.07 -0.84

Prev. Close

Change

%Chg

929.05 4,055.00 1,151.70 83.45 1,065.55

21.20 96.15 12.90 1.20 11.80

2.34 2.43 1.13 1.46 1.12

PETRONET YESBANK

282.60 954.10

5.55 -2.25

2.00 -0.24

KRBL

273.10

-4.35

-1.57

Symbol

Prev. Close

Change

%Chg

ESSDEE —

79.00

-3.80

-4.59

CMP

Change

% Chg

7900.40 25790.22

+51.55 +193.20

+0.66 +0.75

HINDALCO ASIANPAINT

Top Losers Company

AUROPHARMA EICHERMOT M&M HINDUNILVR AXISBANK

Stocks at 52 Week’s HIGH Symbol

ASIANPAINT BAYERCROP HDFCBANK IBREALEST INDUSINDBK

Stocks at 52 Week’s LOW

Indian Indices Company

NIFTY SENSEX

Call us at +91-731-6642300


DAILY REPORT th

13 MAY 2016

STOCK RECOMMENDATIONS [FUTURE] 1. MOTHERSUMI [FUTURE]

On daily chart Mothersumi created bottom around 250 and in last session we saw short covering for that it rose around 4%, now 269 is strong resistance for it above it we can see level up to 276-279 and above 280 it may come up to 300, so buy above 269 for target of 275 279-300 with stop loss of 265. 2. ASIANPAINTS [FUTURE]

ASIANPAINTS Future made new 52 week high of 935.95 but if we see to daily chart it is creating third top form last two time 52 week highs so as compare to long position here risk reward ratio will be favorable in short which will be confirm below 919 for target of 900 875 850 with stop loss of 936. YOUR MINTVISORY

STOCK RECOMMENDATION [CASH] 3. COX&KINGS

In short term COX&KINGS created double bottom pattern on daily chart and the breakout will be confirm above 181 while in last session it finished at 180.20 so we advise to buy it above 181 for target of 187 190 200 with stop loss of 174.90 MACRO NEWS  Retail inflation CPI for April accelerated to 5.39% as compared to 4.83% in March, while the IIP for March, decreased sharply to 0.1% versus 2% in February.  MSCI India Index Additions: Bajaj Fin, Havells India, Titan, Yes Bank, MSCI India Index Deletions: R Com, REC, United Breweries  ED seeks Interpol arrest warrant against Vijay Mallya  Sebi may exempt bourses from giving 25% profit to SGF  Solar power tariff may stabilise at Rs 4.7-5/unit: Report  Bribery eats up 2% of global economy: IMF  M&M launches dual variants of its compact SUV TUV300  Indian Bank revises interest rates on home, car loans  Capital Float raises $25mn from Creation Investments  Oil supply grows in India, falls at global level: IEA  Iran ends free shipping of oil to India  CIL to hold e-auction for power producers on May 24-25  Nalco signs MoU with BARC for research and development  Sanofi recalls some batches of painkiller Combiflam in India  IDFC Alternatives raises Rs 475 crore through realty fund  Ranbaxy whistleblower Dinesh Thakur may join PIL in Supreme Court  Chemical cos Dumping duty likely on chemical from US, China Call us at +91-731-6642300


DAILY REPORT th

FUTURES & OPTIONS

13 MAY 2016

MOST ACTIVE CALL OPTION Symbol

Op- Strike tion Price Type

LTP

Traded Volume (Contracts)

Open Interest

NIFTY

CE

7,800 100.75

2,49,006

36,36,525

NIFTY

CE

8,000 33.05

1,86,456

53,60,925

BANKNIFTY

CE

17,000 112.00

45,177

5,70,120

SBIN

CE

190

4.00

2,837

25,86,000

ICICIBANK

CE

250

0.70

2,766

54,94,400

HEROMOTO

CE

3,000 53.40

2,717

2,49,600

HDFC

CE

1,160 29.00

2,697

1,68,400

TATASTEEL

CE

7.20

2,604

20,46,000

LTP

Traded Volume (Contracts)

Open Interest

350

STOCKS IN NEWS  Cairn extends repayment of $1.25bn loan by two years  Essar Power expects to make profits in FY17  Nestle Q1 net slips 19%, co says Maggi issue impacts results  ICICI Bank Reduces equity in overseas units  PTC India Financial Q4 NII Up 50.2% to Rs 134.8 cr vs Rs 89.8 cr Net profit Up 209.8% to Rs 49 cr vs Rs 15.8 cr  Glenmark Q4 Cons Net Profit At Rs 143 Cr Vs Rs 10.6 Cr  Dr Reddy's Q4 net tanks 86%, hit by one-time Venezuela write-off NIFTY FUTURE

MOST ACTIVE PUT OPTION Symbol

Op- Strike tion Price Type

NIFTY

PE

7,700 87.50

2,30,713

43,73,325

NIFTY

PE

7,600 57.70

1,69,933

33,71,550

BANKNIFTY

PE

16,000 183.70

37,054

4,34,970

SBIN

PE

170

3.00

1,729

19,08,000

HEXAWARE

PE

200

1.90

1,619

6,02,000

ICICIBANK

PE

210

4.90

1,445

26,21,400

AXISBANK

PE

460 11.25

1,383

10,18,000

SBIN

PE

175

1,193

9,00,000

4.60

Nifty future in last trading session remained volatile. Nifty kept moving both upside and downside and finally closed with bullish candle. Nifty has strong resistance around 7990 till than it seems to b up. So we advise you to buy nifty from around 7930 for the targets of 7980 and 8050 with strict stop loss of 78050

FII DERIVATIVES STATISTICS BUY

SELL

OPEN INTEREST AT THE END OF THE DAY

No. of Amount in No. of Amount in No. of Contracts Crores Contracts Crores Contracts

Amount in Crores

NET AMOUNT

INDEX FUTURES

27805

1569.02

20232

1148.94

239793

13908.79

420.08

INDEX OPTIONS

464316

26834.46

463588

26793.04

1153551

67686.81

41.42

STOCK FUTURES

81280

4023.15

72417

3683.41

1017062

49330.91

339.73

STOCK OPTIONS

46966

2280.03

46302

2245.38

74790

3695.26

34.65

TOTAL

835.89

INDICES BANKNIFTY NIFTY YOUR MINTVISORY

R2

R1

PIVOT

S1

S2

17071.45

16997.00

16888.00

16814.00

16705.45

7960.97

7930.13

7889.00

7859.00

7818.00

Call us at +91-731-6642300


DAILY REPORT th

13 MAY 2016

MCX

RECOMMENDATIONS GOLD

TRADING STRATEGY: BUY GOLD JUNE ABOVE 29980 TARGET 30070 30200 SL 29850 SELL GOLD JUNE BELOW 29700 TARGET 29600 26500 SL 29800 SILVER

TRADING STRATEGY: BUY SILVER JUNE ABOVE 40910 TARGET 41100 41400 SL 40750 SELL SILVER JUNE BELOW 40650 TARGET 40500 40250 SL 40856

YOUR MINTVISORY

COMMODITY ROUNDUP The enthusiasm with which investors renewed their appetite for gold ETFs in Q1 saw prices of the yellow metal (in US dollar terms) rally 17 per cent in in the first quarter of calendar year 2016 (CY16), says the latest World Gold Council report. Gold closed the quarter at $1,237/oz, 17 per cent above the end-2015 price of $1,060/oz. Gold demand, on the other hand, grew 21 per cent to 1,289.8 tonnes - the strongest Q1 on record. Inflow into gold exchange traded funds (ETFs) at 363.7 tonnes in the first quarter of calendar year 2016 (CY16) also hit a seven-year high. Oil prices advanced in the US, with Brent crude futures settling up 48 cents at USD 48.08 a barrel, while US crude futures finished up 47 cents to USD 46.70. Indian Copper showed minor gains and recovered after witnessing carnage this week. The hopes of positive opening in the US markets and cues from International exchanges was supported Copper in domestic markets as well. In separate news, Norilsk Nickel released the statistics 1th quarter of this year, company's nickel production amounted to 64,000 tons, down by 6% year on year. Company's own supply of nickel ore to reach 52,000 tons, down by 5% year on year. For supply decline is mainly due to Polar division reconfigured to increase transit volume of semi-finished products and raw materials; reducing the KolaMMC low-profit processing. Meanwhile, Norilsk Nickel Harjavalta produces about 12,000 tons of nickel, an increase of 4% year on year. On COMEX, Copper was trading at 0.69% to $ 2.11 per pound. The prices of Copper tested a high of $ 2.13 per pound, and a low of $ 2.095 per pound. Indian Copper was up 0.91% to Rs 315.30 per kg. The prices tested a high of Rs 317.45 per kg and a low of Rs 313.25 per kg. Tracking gains in base metals overseas and better domestic demand, zinc futures today edged up by 1.01% to Rs 125.25 per kg as speculators enlarged positions. At the MCX zinc for delivery in current month moved up by Rs 1.25, or 1.01%, to Rs 125.25 per kg, with a business turnover of 614 lots. The metal for delivery in October rose by a similar margin to trade at Rs 125.20 per kg in a business volume of 10 lots. Apart from improved demand in the domestic spot market, a firming trend in select base metals overseas as data showing firming inflation eased demand concerns in China, the world's biggest user, mainly influenced zinc prices at futures trade. Globally, zinc for delivery in three months gained 0.7% to settle at $1,848 per tonne on the London Metal Exchange in yesterday's trade.

Call us at +91-731-6642300


DAILY REPORT th

13 MAY 2016

NCDEX

RECOMMENDATIONS DHANIYA

BUY CORIANDER JUN ABOVE 7400 TARGET 7445 7545 SL BELOW 7335 SELL CORIANDER JUN BELOW 7295 TARGET 7250 7150 SL ABOVE 7360 GUARGUM

NCDEX INDICES Index

Value

% Change

BARLEY CHANA CORIANDER COTTON SEED GUAR SEED JEERA MUSTARDSEED REF SOYA OIL SUGAR M GRADE TURMERIC

1530 5638 7332 2219 3145 16710 4334 646 3365 8536

+1.09 -0.42 +3.21 +1.05 +0.45 +0.75 -0.96 -0.46 +0.96 +1.31

India's edible oil import bill is likely to rise by 15-20 per cent this oil year (Nov '15-Oct '16), on a sharp increase in the price of crude palm oil in global markets and a widening supply deficit here. A fall in production from local sources, and a spurt in demand on subdued prices over the past year, has widened the deficit in India. the country imported 14.5mt of vegetable oil (edible and non-edible) worth Rs 60,000 crore in oil year 2014-15. This is likely to rise to 16 mt worth Rs 75,000 crore by the end of the current oil year in October. The CPO price in November was around 2,100 ringgit a tonne in Malaysia, after declining to a severalyears low of 1,800 ringgit a month before. It recovered from this to trade currently at 2,685 ringgit a tonne. From the lowest level, the price is up 49 percent The Maharashtra government Wednesday demanded the Centre to release 10,000 tonnes of tur dal immediately from the buffer stock to meet the requirement of pulses in the state. Keeping in view the state's monthly tur demand of 7,000 tonnes, the state government had sought for 28,000 tonnes of the dal from the buffer stock created by the Centre, but it has been offered only 7,000 tonnes. The pulses issue was raised by Maharashtra's Food and Civil Supplies Minister Girish Bapat in a meeting with Union Food Minister Ram Vilas Paswan held in New Delhi.

BUY GUARGUM JUN ABOVE 5560 TARGET 5610 5680 SL BELOW 5500 SELL GUARGUM JUN BELOW 5350 TARGET 5300 5230 SL ABOVE 5410 YOUR MINTVISORY

Maharashtra is likely to receive 27% more rainfall than the annual average this monsoon, according to a latest update from the Meteorological Department (IMD). Heavy rainfall is anticipated in months of July and August across the state, the release said. Monsoon is expected to turn in a good performance after two consecutive years of drought. The Met department has already noted that Monsoon will be 106% of the LPA. There is 94% probability that monsoon will be normal to excess this year. By and large, there will be fair distribution of monsoon across the country. Call us at +91-731-6642300


DAILY REPORT th

13 MAY 2016

CURRENCY RBI Reference Rate

Currency

Rate Currency

Rate

Rupee- $

66.5977 Yen-100

61.1600

Euro

76.0612 GBP

96.1538

USD/INR

CURRENCY MARKET UPDATES: The US dollar retreated from early day gains against a basket of currencies on Thursday, ahead of the weekly U.S. jobless claims report. The dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, was up at 94.09. The European unit edged down 0.14% to 1.1409 versus the greenback. USD/JPY gained 0.53% to 108.98. Sentiment on the yen remained fragile since Japanese Finance Minister Taro Aso said on Monday that financial authorities are prepared to intervene in the currency market if excessive moves in the yen are enough to affect the country's economy. However, Bank of Japan Governor Haruhiko Kuroda said earlier Thursday that it would be difficult for Japan's finance ministry to intentionally weaken the yen to boost exports.

BUY USD/INR MAY ABOVE 66.88 TARGET 67.01 67.16 SL BELOW 66.68 SELL USD/INR MAY BELOW 66.72 TARGET 66.59 66.44 SL ABOVE 66.92 EUR/INR

The pound erased losses against the U.S. dollar on Thursday, after the Bank of England voted to leave its monetary policy unchanged, in a widely expected move. GBP/USD hit 1.4496, the pair's highest since May 6; the pair subsequently consolidated at 1.4478, adding 0.21%. The Japanese yen traded at 108.91 against the dollar as of 8:35 a.m. HK/SIN, after closing the previous session at 109.01. The Indian rupee today fell by 6 paise to close at 66.62 against the US currency on fresh dollar demand from banks and importers on the back of higher greenback in the overseas market amid recovery in the domestic equities. The rupee opened lower at 66.62 as against yesterday’s closing level of 66.56 at the Interbank Foreign Exchange Market and moved down further to 66.6825 on initial dollar demand from banks and importers. Later, it trimmed its earlier losses and recovered to 66.5350 in view of recovery in the equity market before ending at 66.62 per dollar, a loss of 6 paise or 0.09 per cent. It moved in a range of 66.5350 and 66.6825 per dollar during the day.

BUY EUR/INR MAY ABOVE 76.35 TARGET 76.5 76.7 SL BELOW 76.15 SELL EUR/INR MAY BELOW 76.12 TARGET 75.97 75.77 SL ABOVE 76.32 YOUR MINTVISORY

Foreign capital outflows also affected the rupee value against the dollar. Foreign Portfolio Investors and Foreign Institutional Investors sold shares worth a net Rs 362.19 crore yesterday as per the provisional data issued by stock exchanges. Call us at +91-731-6642300


DAILY REPORT th

13 MAY 2016

Date

Commodity/ Currency Pairs

Contract

Strategy

Entry Level

Target

Stop Loss

Remark

12/05/16

NCDEX DHANIYA

JUNE

BUY

7210

7255-7355

7145

BOOKED FULL PROFIT

12/05/16

NCDEX DHANIYA

JUNE

SELL

7100

7055-6955

7165

NOT EXECUTED

12/05/16

NCDEX GUARGUM

JUNE

BUY

5560

5610-5680

5500

NOT EXECUTED

12/05/16

NCDEX GUARGUM

JUNE

SELL

5350

5300-5230

5410

NOT EXECUTED

12/05/16

MCX GOLD

JUNE

BUY

29950

300020-30120

29850

BOOKED PROFIT

12/05/16

MCX GOLD

JUNE

SELL

29700

29620-29520

29800

NOT EXECUTED

12/05/16

MCX SILVER

JUNE

BUY

41400

41600-41900

41100

SL TRIGGERED

12/05/16

MCX SILVER

JUNE

SELL

41100

40900-40600

41400

BOOKED PROFIT

Date

Scrip

CASH/ FUTURE/ OPTION

Strategy

Entry Level

Target

Stop Loss

Remark

12/05/16

NIFTY

FUTURE

BUY

7890

7950-8050

7790

BOOKED PROFIT

12/05/16

RELIANCE

FUTURE

SELL

985-988

975-965

1000

CALL OPEN

12/05/16

TATAMTRDVR

FUTURE

SELL

268

264-260

271

NOT EXECUTED

12/05/16

EVEREADY

CASH

BUY

233235

241-250

228

NOT EXECUTED

11/05/16

NIFTY

FUTURE

BUY

7900

7960-8050

7820

CALL OPEN

11/05/16

ENGINERSIN

FUTURE

BUY

183

187-192

179.5

BOOKED PROFIT

YOUR MINTVISORY

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DAILY REPORT th

ECONOMIC CALENDAR

13 MAY 2016

NEXT WEEK'S U.S. ECONOMIC REPORTS TIME

REPORT

PERIOD

ACTUAL

CONSENSUS FORECAST

PREVIOUS

MONDAY, MAY 09 NONE SCHEDULED TUESDAY, MAY 10 6 AM

NFIB SMALLL BUSINESS INDEX

APRIL

--

92.6

10 AM

JOB OPENINGS

MARCH

--

5.4 MLN

10 AM

WHOLESALE INVENTORIES

MARCH

--

-0.5%

--

$158 BLN

WEDNESDAY, MAY 11 2 PM

FEDERAL BUDGET

APRIL THURSDAY, MAY 12

8:30 AM

WEEKLY JOBLESS CLAIMS

MAY 7

N/A

N/A

8:30 AM

IMPORT PRICE INDEX

APRIL

--

0.2%

FRIDAY, MAY 13 8:30 AM

RETAIL SALES

APRIL

0.8%

-0.3%

8:30 AM

RETAIL SALES EX-AUTOS

APRIL

0.7%

0.2%

8:30 AM

PRODUCER PRICE INDEX

APRIL

0.3%

-0.1%

10 AM

CONSUMER SENTIMENT

MAY

--

89.0

10 AM

BUSINESS INVENTORIES

MARCH

--

-0.1%

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YOUR MINTVISORY

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