Epic research special report of 21 june 2016

Page 1

DAILY REPORT st

21 JUNE 2016

Global markets at a glance Wall Street rose on Monday, though indexes ended far from the highs of the day, in a relief advance after indications that British voters later this week will choose to remain in the EU. The day's gains were cut in more than half from the session highs, but contrasted with declines in six of the last seven sessions. The S&P 500 closed 0.6% higher after gaining as much as 1% but the advance was still the largest in nearly a month. Stocks fell sharply last week. Top European shares indexes posted their biggest rallies since August on Monday, led by heavyweight banking stocks, as weekend opinion polls boosted expectations that Britain would vote to stay in the EU. The pan-European STOXX 600 and FTSEurofirst 300 indexes both rose 3.7 percent, the biggest one day gain for each index for tenmonths. Both indexes moved back towards a level last seen earlier in June. Markets recovered from three straight weeks of falls, as recent momentum for the campaign to "leave" the European Union showed signs of waning. Asian shares got off to a tentative start on Tuesday, as investors paused after a rally triggered by growing expectations that British voters will opt to remain in the European Union in this week's referendum. MSCI's broadest index of Asia-Pacific shares outside Japan was narrowly positive in early trading, while Japan's Nikkei stock index slipped 0.7% as the perceived safe-haven yen clawed back some of its losses of the previous session as risk appetite rebounded.

World Indices Index

Value

% Change

DJI S&P500 NASDAQ FTSE100 NIKKEI

17757.00 2080.25 4837.22 6131.50 16026.08

+0.25 +0.29 +0.77 -0.31 +0.38

HANG SENG

20610.24

+0.49

Top Gainers Company

CMP

Change

% Chg

TATAMOTORS

482.60

18.20

3.92

TATASTEEL

336.75

11.30

3.47

AMBUJACEM

242.70

6.80

2.88

TATAMTRDVR

320.70

8.55

2.74

1207.00

27.50

2.33

CMP

Change

% Chg

522.25 993.00 738.35 18665.05 357.70

-4.56 -6.60 -4.85 -114 -2.15

-0.88 -0.66 -0.65 -0.61 -0.60

Prev. Close

Change

%Chg

1568.10

12.70

0.82

ARMANFIN

238.95

9.45

4.12

ASPINWALL

204.15

9.70

4.99

0.10

0.00

0.00

117.50

5.00

4.44

CINELINE

58.00

2.75

4.98

DECCANCE

948.0

22.25

2.40

Prev. Close

Change

%Chg

0.10 114.00 1.50

0.00 -22.30 -0.05

0.00 -16.36 -3.23

CMP

Change

% Chg

8238.50 26866.92

+68.30 +241.01

+0.84 +0.91

INFY

Top Losers Company

AXISBANK ASIANPAINTS SUNPHARMA EICHERMOT ITC

Stocks at 52 Week’s HIGH Symbol

Previous day Roundup The market ended higher after a smart rally throughout the day. The Sensex ended up 241.01pts or 0.9% at 26866.92, and the Nifty up 68.30pts or 0.8% at 8238.50. About 1381 shares have advanced, 1194 shares declined, and 193 shares are unchanged. Equity benchmarks gained nearly 1% on Monday, tracking rally in global peers after receding fears of a Brexit vote. Raising FDI limits in various sectors also boosted sentiment but market shrugged off RBI Governor's exit. Indices started off on a negative note following Rajan's exit but immediately recovered on positive global cues. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 60.11 pts], Capital Goods [up 180.94 pts], PSU [up 35.47 pts], FMCG [down 4.74 Pts], Realty [up 15.50 pts], Power [up 6.06 pts], Auto [up 287.48 pts], Healthcare up 41.53 pts], IT [up 226.25 pts], Metals [up 117.12 Pts], TECK [up 119.70 pts], Oil& Gas [up 55.76 pts]. YOUR MINTVISORY

ACC

BIRLACOT CHAMFALKAL

Stocks at 52 Week’s LOW Symbol

BIRLACOT CGCL ERAINFRA

Indian Indices Company

NIFTY SENSEX

Call us at +91-731-6642300


DAILY REPORT st

21 JUNE 2016

STOCK RECOMMENDATIONS [FUTURE] 1. ACC [FUTURE]

STOCK RECOMMENDATION [CASH] VEDL [CASH]

On daily chart VEDL is trading in upside channel and yesterday session it has given a good upside move rose with decent volumes and is expected to follow the upside move to 133 level. So we advise to buy it above 129.50 for the targets of 131.50 132.50 with stop loss below 127

Last trading session ACC future show good strength and close near day high with bullish candlestick in daily chart. since last session it rose with rising OI in long side and last day stock close near major resistance level. We may see sharp rise for that it will be good to buy above 1582 for the target of 1595-1620 with SL of 1562. 2. YESBANK [FUTURE]

Last trading session YESBANK future show good strength and close with bullish candlestick in daily chart. And stock give sharp recovery at lower level and close near day high. And stock close near 52 week high, We may see sharp rise for that it will be good to buy above 1083 for the target of 1089 -1098 with SL of 1071. YOUR MINTVISORY

MACRO NEWS  India's April tea output drops 14.7 per cent y/y .  Auto component maker Subros resumes full supply to Maruti.  Govt relaxes FDI norms, allows 100% in defence, aviation  New FDI norms: Apple eligible for 8-year sourcing waiver  Eros to acquire 50 per cent stake in Puja Entertainment.  HCC plans to raise Rs 1,000 cr via securities.  Healthcare industry's IT spend to grow 3.4% to $1.2 bn.  SREI Infra focus on growing equipment finance biz at over 25-30%.  JLR bets on petrol, launches Discovery Sport variant at Rs 56 lakh.  CLP India and Suzlon form JV for Veltoor solar project in Telangana.  Telcos better network quality, more to be done for call drops: Trai.  Tata Comm puts ATM biz on block Eyes valuation of 1350 cr; approaches buyers in japan and US  IndusInd Bank In advanced talks to buy 1000 cr worth NPAs from Spandana Sphoorty Financial  Aviation stocks in focus: May passenger growth very strong, up 22% at 87 lakh passengers  Apollo Hospitals ties Up with Hainan Ecological Smart City Group  RCom/Aircel merger talks extended by a couple of weeks  Positive for Indian coffee makers as Rains spoil Brazil Coffee harvest  Auto companies shunning recall may face penalties  Govt Leaves Interest Rate For Small Savings Schemes For July-Sept Unchanged  Essel Group - GS Fund to invest $250 million in Essel Highways  QSRs like Westlife, Britannia, Jubilant food: Food Regulator Removes Two Additives From The Permissible List Call us at +91-731-6642300


DAILY REPORT st

FUTURES & OPTIONS

21 JUNE 2016

MOST ACTIVE CALL OPTION Symbol

Op- Strike tion Price Type

LTP

Traded Volume (Contracts)

Open Interest

NIFTY

CE

8300 70.80

3,74,876

64,24,500

NIFTY

CE

8200 126.00

2,64,837

37,35,300

BANKNIFTY

CE

18000 40.05

74,490

3,26,040

SBIN

CE

210 10.65

8,003

85,84,000

INFY

CE

1200 23.00

3,535

5,09,500

TATAMOTOR

CE

480 14.05

3,383

11,79,000

RELIANCE

CE

980 20.85

3,112

8,12,000

LT

CE

1500 38.10

3,047

4,28,700

LTP

Traded Volume (Contracts)

Open Interest

STOCKS IN NEWS  Cadila Healthcare gains 2% as arm acquires 2 ANDAs from US firm.  Eros to buy 50% stake in Vashu Bhagnani's Puja Films.  Auto component maker Subros resumes full supply to Maruti.  Zydus acquires two ANDAs from Teva Pharmaceutical.  S&P downgrades Rolta credit rating to default.  HCC plans to raise Rs 1,000 cr via securities.  TCS, Sernova Financial enter into strategic partnership  Andhra Bank to raise 1000 cr from bonds  Adequate reserves deal with $20bn FCNR redemption NIFTY FUTURE

MOST ACTIVE PUT OPTION Symbol

Op- Strike tion Price Type

NIFTY

PE

8100 48.25

2,77,724

61,66,125

NIFTY

PE

8,000 30.85

2,46,533

81,27,550

BANKNIFTY

PE

17500 56.50

79,716

2,45,310

LT

PE

1450 12.75

1,812

4,20,300

SBIN

PE

210

4.85

6,011

39,08,000

TATAMOTOR

PE

460

5.35

1,931

12,63,000

RELIANCE

PE

960

5.15

1,757

7,42,500

SBIN

PE

195

1.65

1,608

24,36,000

Tracking rally in global peers after receding fears of a Brexit vote brought the Index up. NIFTY FUTURE in yesterday trading session remained upside all the day. Raising FDI limits in various sectors also boosted sentiment. It seems that the rally may continue till 8320. So we advise you to buy Nifty above 8260 for the targets of 8310 and 8400 with strict stop loss of 8170.

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

40071

2379.46

63827

3715.41

238860

14418.39

-1335.96

INDEX OPTIONS

453061

26458.97

470355

27513.47

1163478

71095.99

-1054.50

STOCK FUTURES

95252

4946.32

90010

4656.30

1089340

54654.31

290.02

STOCK OPTIONS

63557

3293.28

63910

3299.47

112859

5896.51

-6.18

TOTAL

-2106.62

INDICES NIFTY BANKNIFTY YOUR MINTVISORY

R2

R1

PIVOT

S1

S2

8333.40

8285.90

8196.60

8149.10

8059.80

17994.00

17856.00

17640.00

17502.00

17286.0

Call us at +91-731-6642300


DAILY REPORT st

21 JUNE 2016

MCX

RECOMMENDATIONS GOLD

TRADING STRATEGY: BUY GOLD ABOVE 30740 TARGET 30850 31000 SL 30650 SELL GOLD BELOW 30650 TARGET 30550 30400 SL 3075

SILVER

TRADING STRATEGY: BUY SILVER ABOVE 41860 TARGET 41970 42150 SL 41620 SELL SILVER BELOW 41600 TARGET 41400 41200 SL 41860 YOUR MINTVISORY

COMMODITY ROUNDUP Gold tumbled further today as a drop from two year highs extended amid soaring equities. European stocks led gains in world stocks after polls over the weekend showed resurgence in support for the UK staying in EU ahead of the 23 June Brexit referendum. Major indices in Europe are up about 3% on the day. Brexit refers to the referendum on 23 June 2016 by British voters to decide whether the country should remain a member of the European Union or leave it. The yellow metal had failed to hold on above $1300 per ounce in last week and a drop under the key mark pulled the metal further. The commodity quotes at $1285 per ounce, down about 0.70% on the day. MCX Gold futures are trading at Rs 30470 per 10 grams, down 0.43% on the day. The rise in the weekly net speculator positions was due to a gain in the weekly bullish positions by +51,869 contracts that easily overtook the gain in the weekly bearish positions by just +626 contracts. In the commercial positions for gold on the week, the commercials increased their overall bearish positions to a net total position of -298,077 contracts through June 14th. This was a weekly change of -54,385 contracts from the total net position of -243,692 contracts. Oil rallied on Monday, lifted by a wave of investor confidence and a weaker dollar after polls showed a diminishing chance that Britain may vote to leave EU later this week. August Brent crude futures were up 85 cents at $50.02 a barrel by 10:55 GMT, set for a gain of six per cent in two trading days. NYMEX crude for July delivery, which expires on Tuesday, was up 80 cents at $48.78 a barrel. MCX Copper, Copper was trading at Rs 310.95 per kg, down 1.95%. Copper got underpinned at the start of the week. The activity of Merchants was in favor of increasing long positions for the week ending 14 June 2016. Meanwhile, decrease in long positions of Copper was noted by Money Managers in the latest report by CoT for the week ending 14 June 2016. Short positions were decreased by Merchants and increased by Money Managers. The long positions of Merchants were 56765 on 14 June 2016 against 53469 on 7 June 2016, while short positions decreased to 55298 on 14 June 2016 against 59914 on 7 June 2016. Overall the net positions in case of merchants are favoring shorts by 1467. CoT showed that the long positions of Money Managers decreased by 2059. The total long positions of Copper for the one week period ending 14 June 2016 was 31338 compared to 33397 on 7 June 2016. Short position of Copper money managers increased by 7969 lots to 78683 on 14 June 2016 against 70704 on 7 June 2016. The net positions were in favour of long position holders by 47345. Call us at +91-731-6642300


DAILY REPORT st

21 JUNE 2016

NCDEX

RECOMMENDATIONS DHANIYA

BUY CORIANDER JULY ABOVE 7050 TARGET 7095 7195 SL BELOW 6985 SELL CORIANDER JULY BELOW 6950 TARGET 6905 6805 SL ABOVE 7015 GUARGUM

NCDEX INDICES Index

Value

% Change

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

1570 7069 6923 2500 3010 17595 4640 631.05 3626 7980

+0.64 +2.99 +0.83 -0.20 +0.53 +3.17 +1.09 +0.37 -0.36 +0.91

Mentha oil prices drifted lower by 0.46% to Rs 839.20 per kg in futures trade as participants booked profits at prevailing levels amid easing demand in the spot market. At MCX, mentha oil for delivery in current month fell by Rs 3.90 or 0.46% to Rs 839.20 per kg in a business turnover of 89 lots. The oil for delivery in July shed Rs 3.30 or 0.39% to Rs 850 per kg in 24 lots. Besides profit booking by traders at existing levels, fall in demand in the spot market against adequate stocks position mainly led to the fall in mentha oiL. Global Soybeans futures tumbled today as a drop from two year highs extended. However, a dull start to Indian sowing season and sustained uptick in global Crude oil futures are likely to trim losses for Soybeans. The benchmark CMEGLOBEX Soybeans futures dropped 1.50% to trade at $11.31 per bushel right now. Meanwhile, in India, Kharif sowing has started on a cautious note. Preliminary reports of crop coverage in the kharif season have started coming in. The total sown area as on 17th June, as per reports received from States, stands at 84.21 lakh hectare as compared to 93.63 lakh hectare at this time last year. The acreage under oilseeds is at 1.88 lakh hectares as compared to 2.92 lakh hecatres at the same time last year. Global Soybeans prices soared in last few days as Brazilian supply fears and a generous rise in global crude oil prices boosted sentiments. Brazilian soybean stocks have dropped after heavy exports over last few months and the upcoming harvest is seen taking a hit as well.

BUY GUARGUM JULY ABOVE 5380 TARGET 5430 5500 SL BELOW 5320 SELL GUARGUM JULY BELOW 5300 TARGET 5250 5180 SL ABOVE 5360 YOUR MINTVISORY

Maize prices in Gulabbagh are trading at Rs 1,445 a quintal. Prices are expected to trade higher towards Rs 1,470 a quintal in a couple of weeks following steady demand from end users, fall in arrivals in Bihar and lower rabi production in South India. Stocks with end users were reportedly lower, which would support the prices moving ahead. Call us at +91-731-6642300


DAILY REPORT st

21 JUNE 2016

CURRENCY RBI Reference Rate

Currency

Rate Currency

Rate

Rupee- $

67.408 Yen-100

64.440

Euro

76.535 GBP

98.153

USD/INR

BUY USD/INR JUN ABOVE 67.53 TARGET 67.66 67.81 SL BELOW 67.33 SELL USD/INR JUN BELOW 67.4 TARGET 67.27 67.12 SL ABOVE 67.6 EUR/INR

CURRENCY MARKET UPDATES: The pound edged down 0.1 percent to USD 1.4666 after it rose as high as USD 1.4721 on Monday, extending a recovery from last Thursday's more than two-month trough of USD 1.4013. The dollar slipped 0.1 percent to 103.85 yen, moving back toward Thursday's nearly two-year low of 103.55 hit after the Bank of Japan held policy steady and disappointed investors hoping for more stimulus. The euro gained 0.1 percent to USD 1.1324. Later in the session, Germany's constitutional court will rule on the emergency bond-buying plan devised by the European Central Bank during the financial crisis. An outright rejection of the programme is viewed as unlikely, but the ruling could potentially upset the ECB's current programme and roil markets. The latest data for the weekly COT report, released by the CFTC on Friday, showed that large traders and currency speculators sharply trimmed their bullish positions in the US dollar although overall dollar positions remained in bullish territory for a fourth week. Non-commercial large futures traders, including hedge funds and large speculators, had an overall US dollar long position totaling +$2.72 billion as of Tuesday June 14th, according to the latest data from the CFTC. This was a weekly change of -$8.58 billion from the +$11.30 billion. The rupee pared its initial losses, but was still trading down by 29 paise at 67.37 against the American currency in late morning deals after RBI Governor said no to a second term in the post. Sustained bouts of dollar demand from banks and importers amid bearish US dollar overseas also weighed on the rupee. The Indian unit opened sharply lower by 57 paise at 67.65 against last Friday’s closing level of 67.08 at the Interbank Forex market. The domestic unit hovered in a range of 67.70 and 67.32 during the morning deals before quoting at 67.37 at 1040 hrs.

BUY EUR/INR JUN ABOVE 76.53 TARGET 76.68 76.88 SL BELOW 76.33 SELL EUR/INR JUN BELOW 76.42 TARGET 76.27 76.07 SL ABOVE 76.62 YOUR MINTVISORY

The dollar index was trading down 0.48 per cent at 93.48 against a basket of six currencies in the early trade. The US dollar fell for the fourth day in a row early today, trading lower against most major currencies, making the dollarpriced commodity cheaper for those using other currencies and pushing up the demand. Call us at +91-731-6642300


DAILY REPORT st

21 JUNE 2016

Date

Commodity/ Currency Pairs

Contract

Strategy

Entry Level

Target

Stop Loss

Remark

20/06/16

NCDEX DHANIYA

JULY

BUY

7000

7045-7145

6935

NOT EXECUTED

20/06/16

NCDEX DHANIYA

JULY

SELL

6930

6885-6785

6995

SL TRIGGERED

20/06/16

NCDEX GUARGUM

JULY

BUY

5430

5480-5550

5370

NOT EXECUTED

20/06/16

NCDEX GUARGUM

JULY

SELL

5240

5190-5120

5300

BOOKED PROFIT

20/06/16

MCX GOLD

AUG.

BUY

30650

30750-30900

30530

NO PROFIT NO LOSS

20/06/16

MCX GOLD

AUG.

SELL

30560

30460-30310

30680

BOOKED PROFIT

20/06/16

MCX SILVER

JULY

BUY

41475

41675-41950

41251

BOOKED PROFIT

20/06/16

MCX SILVER

JULY

SELL

41300

41100-40825

41524

NOT EXECUTED

Date

Scrip

CASH/ FUTURE/ OPTION

Strategy

Entry Level

Target

Stop Loss

Remark

20/06/16

NIFTY

FUTURE

SELL

8145

8085-8000

8260

SL TRIGGERED

20/06/16

KOTAKBANK

FUTURE

SELL

747

742-735

755

BOOKED PROFIT

20/06/16

HDIL

FUTURE

BUY

103.7

105-108

101

BOOKED PROFIT

20/06/16

IDEA

CASH

BUY

102.5

103.5-104.5

100

BOOKED PROFIT

17/06/16

JUBLFOOD

FUTURE

BUY

1080

1095-1120

1060

CALL OPEN

17/06/16

NIFTY

FUTURE

SELL

8170-8190

8080-8000

8320

CALL OPEN

15/06/16

NIFTY

FUTURE

SELL

8150

8070-8000

8250

SL TRIGGERED

YOUR MINTVISORY

Call us at +91-731-6642300


DAILY REPORT st

ECONOMIC CALENDAR

21 JUNE 2016

NEXT WEEK'S U.S. ECONOMIC REPORTS TIME

REPORT

PERIOD

ACTUAL

CONSENSUS FORECAST

PREVIOUS

MONDAY, JUNE 20 NONE SCHEDULED TUESDAY, JUNE 21 10 AM

JANET YELLEN TESTIMONY WEDNESDAY, JUNE 22

10 AM

EXISTING HOME SALES

MAY

5.64 MLN

5.45 MLN

THURSDAY, JUNE 23 8:30 AM

WEEKLY JOBLESS CLAIMS

6/18

N/A

N/A

8:30 AM

CHICAGO FED NATIONAL INDEX

MAY

--

0.10

9:45 PM

MARKIT PMI FLASH

JUNE

--

50.7

10 AM

NEW HOME SALES

MAY

555,000

619,000

10 AM

LEADING INDICATORS

MAY

--

0.6%

FRIDAY, JUNE 24 8:30 AM

DURABLE GOODS ORDERS

MAY

-0.8%

3.4%

8:30 AM

CORE CAPITAL GOODS ORDERS

MAY

--

-0.6%

10 AM

CONSUMER SENTIMENT

JUNE

--

94.3

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