DAILY REPORT 26
th
MAY 2016
Global markets at a glance European equities jumped to a four-week high on Wednesday with banks buoyed by progress on talks towards securing a debt relief deal for Greece, and energy shares rose on the back of a rally in oil. The FTSEurofirst 300 and the STOXX Europe 600 index both touched their highest levels since late April, climbing 1.3 percent to add to the previous session's jump of more than 2 percent. Banks rose after euro zone finance ministers agreed with Greece and the International Monetary Fund on a deal that will address Athens' requests for debt relief. Asia markets opened higher on Thursday, led by advances in the energy sector, after overnight gains in oil prices pushed US stocks higher. In Japan, the Nikkei 225 traded up 0.75 percent, while across the Korean Strait, the Kospi was higher by 0.34 percent. Down Under, the S&P/ASX 200 gave up most of its nearly 0.4 percent gains to trade flat.
World Indices Index
Value
% Change
DJI S&P500 NASDAQ FTSE100 NIKKEI
17851.51 2090.54 4894.89 6262.85 16815.43
+0.82 +0.70 +0.70 +0.70 +0.35
HANG SENG
20292.53
-0.37
Top Gainers Company
TECHM INDUSINDBK ICICIBANK BAJAJ-AUTO BHEL
Wall Street rose robustly for a second straight session on Wednesday, helped by higher oil prices and investors becoming more comfortable with the prospect of an interest rate hike as early as next month. Combining Tuesday and Wednesday's performances, the S&P 500 gained 2 percent, its strongest two-day run since early March. The energy sector .SPNY led the way in the latest session, up 1.51 percent as oil prices rose toward $50 a barrel. That followed a report of a larger-than-expected drop in US crude inventories, adding to expectations that a steep selloff in the commodity may be over. Previous day Roundup Supported by firm global cues, bulls enjoyed a stellar day at Dalal Street. The benchmark indices ended at 1-month high with banks leading it with full might. The Sensex closed up 575.70 points or 2.3 percent at 25881.17, and the Nifty ended up 186.05 points or 2.4 percent at 7934.90. About 1563 shares have advanced, 970 shares declined, and 182 shares are unchanged. The day belonged to large caps and result specific stocks, mostly hogging limelight Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 55.17pts], Capital Goods [up 381.39pts], PSU [up 105.01pts], FMCG [up 148.64Pts], Realty [up 21.96 pts], Power [up 36.86pts], Auto [up 238.26pts], Healthcare [up pts], IT [up 248.90pts], Metals [up 81.65Pts], TECK [up 132.16pts], Oil& Gas [up 178.72pts]. YOUR MINTVISORY
CMP
Change
% Chg
530.30
50.05
10.42
1,095.75
52.10
4.99
234.80
10.25
4.56
2,484.00
104.6
4.40
122.80
5.10
4.33
CMP
Change
% Chg
Top Losers Company
CIPLA
472.20
-4.42
Stocks at 52 Week’s HIGH Symbol
ASIANPAINT BIOCON GRASIM HAVELLS HDFCBANK PIDILITIND RUSHIL SHILPI SRTRANSFIN SUPREMEIND TATAMETALI
Prev. Close
Change
%Chg
982.05 648.05 4,320.00 373.00 1,172.90 684.20 366.00 99.50 1,143.35 895.00 246.75
25.80 3.90 29.65 6.10 32.95 26.85 1.30 4.85 -13.20 -5.20 11.75
2.70 0.61 0.69 1.66 2.89 4.08 0.36 5.12 -1.14 -0.58 5.00
Prev. Close
Change
%Chg
82.80 817.50 472.20
2.35 -1.85 -21.85
2.92 -0.23 -4.42
CMP
Change
% Chg
7934.90 25881.17
+186.05 +575.70
+2.40 +2.28
Stocks at 52 Week’s LOW Symbol
BANKINDIA BEML CIPLA
Indian Indices Company
NIFTY SENSEX
Call us at +91-731-6642300
DAILY REPORT 26
th
MAY 2016
STOCK RECOMMENDATIONS [FUTURE] 1. ARVIND [FUTURE]
STOCK RECOMMENDATION [CASH] 3. UPL
On daily chart UPL bounced back from the major trend line support level of 564 and made a good positive move in yesterday session rose with heavy volume, for this it is expected to give positive move above the near resistance level of 593.35 .So we advise to buy it above 593.50 for the targets of 599 603.50 with stop loss of 588. Last trading session ARVIND future opened gape up and consolidate in first half but later it moved very fast and crossed major resistance level in second half and made a high of 314.50 and close near day’s high with bullish candlestick in daily chart. since last session it rose with rising OI % In June series.. We may see sharp rise for that it will be good to buy around 309-310 for the target of 314-318 with SL of 305. 2. AXISBANK [FUTURE]
Last trading session AXISBANK future show good strenth and close near day high with bullish candlestick in daily chart. since last session it rose with rising OI around 45.66%, in long side at June series and last day stock cross major resistance level. We may see sharp rise for that it will be good to buy above 507 for the target of 511-515 with SL of 500. YOUR MINTVISORY
MACRO NEWS Results today: United Spirits, BPCL, ONGC, Power Grid Corporation, Jet Airways, Tata Chemicals, India Cements, Adani Transmission, Fortis Healthcare, Shree Cement, MphasiS Limited, Trent, Neyveli Lignite, Natco Pharma, VA TECH WABAG, CARE, Kaya Limited, Future Lifestyle Fashions, HT Media, Balmer Lawrie & Company, EIH Limited, Hathway Cable, Kohinoor Foods, KRBL, RCF, GIPCO, Hotel Leela Venture, Jaypee Infra, JHS Svendgaard Lab, Maharashtra Seamless, MUKTA ARTS, SCI, Sterlite Technologies, Titagarh Wagons, Deepak Fertilizers, Educomp, Everest Kanto, FDC Ltd, Finolex Cables, Geojit BNP Paribas Financial Services, GMDC, India Glycols, Ingersoll Rand, Jindal Drilling, KCP Sugar, Maharashtra Seamless, Orient Abrasives, Panoramic Universal, Rama Steel Tubes, Sagar Cements, Salzer Electronics, Shreyas Shipping & Logistics, STC, Stylam Ind, Tilaknagar Industries Cipla slips 7% on Q4 shocker; analysts warn margins pressure may persist Strong Q4 results drive Zee Media up 20% Strengthening crude impacted Q4 margins: GSFC Co looks to grow at a rate of 20-25% every year: Bajaj Finserv Can sustain margins at 40%; a regulator is welcome: Thyrocare Morgan Stanley upgrades India outlook to 'overweight' Banks still resisting rate cuts as liquidity row with RBI drags on India kicks off auction of 67 small oil and gas fields India to use International Solar Alliance to push solar water pumps Power Grid can diversify only if it loses central transmisCall us at +91-731-6642300
DAILY REPORT 26
th
FUTURES & OPTIONS
MAY 2016
NIFTY
CE
7,900 49.10
8,94,163
31,69,200
NIFTY
CE
7,800 137.80
3,88,647
20,69,100
BANKNIFTY
CE
17,000 91.75
1,94,558
5,93,370
MARUTI
CE
4,000 57.75
7,073
1,51,500
SBIN
CE
175
1.60
7,056
19,28,000
STOCKS IN NEWS BHEL commissions 800 MW supercritical thermal unit Tata Steel may shortlist 2-3 bidders for UK assets today L&T Q4 profit & revenue jump over 18%, meets FY16 topline target Dr Reddy's buys 6 OTC brands from US-based Ducere Pharma IndusInd Bank out, BoI to now settle tea e-auctions. Lohia Auto Industries ties up with IndusInd Bank Ashok Leyland Q4 profit down 66% on exceptional loss of Rs 379cr
ASHOKLEY
CE
105
0.05
6,005
60,34,000
NIFTY FUTURE
LT
CE
1,300 16.65
5,307
5,12,400
ICICIBANK
CE
1.60
5,270
10,45,500
LTP
Traded Volume (Contracts)
Open Interest
MOST ACTIVE CALL OPTION Symbol
Op- Strike tion Price Type
235
LTP
Traded Volume (Contracts)
Open Interest
MOST ACTIVE PUT OPTION Symbol
Op- Strike tion Price Type
NIFTY
PE
7,800
2.35
7,77,430
58,10,625
NIFTY
PE
7,900 13.85
5,53,748
58,28,700
BANKNIFTY
PE
16,500
3.80
1,25,890
5,69,100
SBIN
PE
170
0.25
4,342
25,18,000
MARUTI
PE
3,900
1.40
3,488
1,10,375
ICICIBANK
PE
230
0.35
3,470
23,29,000
CIPLA
PE
460
1.05
3,120
3,32,800
ASHOKLEY
PE
95
0.75
3,007
30,31,000
NIFTY FUTURE in yesterday trading session saw a big bull run. Led buy autos, banks and infra stock Nifty moved around 150 points up, even after a gap up opening. For tomorrow F&O has expiry so Nifty may see some downside, as traders may empty their positions. So we advise you to buy Nifty from some lower levels around 7920 for the targets of 7970 and 8050 with strict stop loss of 7840
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
190077
10952.14
131868
7608.73
384841
22504.78
3343.42
INDEX OPTIONS
847245
48552.77
808114
46160.32
1241305
72943.48
2392.45
STOCK FUTURES
450146
21558.96
445293
21391.33
1140354
54593.42
167.63
STOCK OPTIONS
81760
3965.70
86201
4162.00
111602
5403.65
-196.30
TOTAL
5707.20
INDICES NIFTY BANKNIFTY YOUR MINTVISORY
R2
R1
PIVOT
S1
S2
8027.00
7980.90
7895.10
7849.00
7763.20
17299.00
17148.00
16837.00
16722.00
16447.00
Call us at +91-731-6642300
DAILY REPORT 26
th
MAY 2016
MCX
RECOMMENDATIONS GOLD
TRADING STRATEGY: GOLD BUY ABOVE 29000 TARGET 29150 29400 SL 29860 GOLD SELL BELOW 28850 TARGET 28750 28600 SL 29000 SILVER
COMMODITY ROUNDUP Gold plummeted further after a massive tumble yesterday amid soaring equities and continued selling pressure. The commodity has come off its 15 month highs above $1300 per ounce a few weeks back. Sentiments have been weak as speculation mounted that the US Federal Reserve will raise interest rates as early as next month. Technical factors also weighed on Gold as COMEX futures have dropped under their 200 week moving average. The metal tumbled around 20 dollars and ended under $11230 per ounce levels yesterday. The counter is quoting at $1221 per ounce, down 0.64% on the day. MCX Gold futures extended their losses under Rs 30K and tumbled under Rs 29K today to trade at Rs 28979 per 10 grams, down 1.10% on the day. Supported by rising demand from alloy-makers in domestic spot markets, nickel prices moved up by 0.79% to Rs 575.10 per kg in futures trade today. In futures trading, nickel for delivery in June moved up by Rs 4.50 or 0.79% to Rs 575.10 per kg, in a business turnover of 233 lots at the Multi Commodity Exchange. On similar lines, the metal for delivery in May contracts traded higher by Rs 4.40 or 0.78% to Rs 568.70 per kg in 2,727 lots. Market analysts attributed the rise in nickel prices at futures trade to enlarging of positions by speculators, driven by rising demand from alloy-makers in the spot market. However, losses in base metals pack at the London Metal Exchange (LME) amid signs that the US Federal Reserve could raise interest rates as early as next month, capped the gains, they said. Oil prices gained in the US session after US government data showed a larger-than-expected drop in crude inventories. Reuters reported the U.S. Energy Information Administration said crude inventories fell 4.2 million barrels in the week to May 20. Analysts polled by Reuters expected a drop of 2.5 million barrels in inventory. Global benchmark Brent futures settled up 2.3 percent at USD 49.74 a barrel, while US crude futures added 1.93 percent to USD 49.56.
TRADING STRATEGY: BUY SILVER ABOVE 39420 TARGET 39600 39800 SL 39250 SELL SILVER BELOW 39100 TARGET 38900 38700 SL 39300 YOUR MINTVISORY
the refined copper market for February 2016 (excluding the adjustment for changes in China's bonded stocks) showed a small apparent production surplus of around 24,000 metric tonnes. When making seasonal adjustments for world refined production and usage, February showed a small production deficit of 23,000 t. The refined copper balance for the first two months of 2016, including revisions to data previously presented, indicates a production surplus of around 76,000 t. This compares with a production surplus of around 134,000 t (a seasonally adjusted surplus of about 70,000 t) for the same period of 2015. Call us at +91-731-6642300
DAILY REPORT 26
th
MAY 2016
NCDEX
RECOMMENDATIONS DHANIYA
BUY CORIANDER JUN ABOVE 6940 TARGET 6985 7085 SL BELOW 6875 SELL CORIANDER JUN BELOW 6757 TARGET 6712 6612 SL ABOVE 6822 GUARGUM
NCDEX INDICES Index
Value
% Change
BARLEY CHANA CORIANDER COTTON SEED GUAR SEED JEERA MUSTARDSEED REF SOYA OIL SUGAR M GRADE TURMERIC
1549 6011 6800 2231 3010 15950 4363 638.2 3522 7926
-0.23 -1.18 -0.70 +0.13 -0.89 -1.09 -0.02 -0.29 -0.25 +0.33
Cardamom futures fell by 1.23% to Rs 828.50 per kg today as traders trimmed their holdings amid subdued spot demand. Besides, adequate stock position following increased arrivals from producing regions also fuelled the downtrend. At the Multi Commodity Exchange, the commodity for June eased by Rs 10.30, or 1.23%, to Rs 828.50 per kg with a business turnover of 176 lots. The spice for delivery in July was down Rs 4.70, or 0.54%, to Rs 860.10 per kg with a trading volume of 41 lots. Offloading of positions by participants owing to a weak trend at spot market on subdued demand mainly put pressure on cardamom prices. The Centre has set a target to achieve a record foodgrain production of 270.10 million tonnes (mt) in 2016-17 crop year on hopes of bountiful rains after two consecutive drought years. The country had last achieved a record output of 265.04 mt in 2013-14. However, the production in 2014-15 an d 2015-16 fell to 252.02 mt and 253.23 mt, respectively, due to drought in more than ten States.
BUY GUARGUM JUN ABOVE 5200 TARGET 5250 5320 SL BELOW 5140 SELL GUARGUM JUN BELOW 4980 TARGET 4930 4860 SL ABOVE 5040
YOUR MINTVISORY
The ongoing cotton sowing season has forced the government to keep in abeyance for three months the notification capping licence fees for all new genetically modified (GM) seed technologies. On March 18, the government had issued a notification capping royalties of GM cotton seed technology companies at 10 per cent for the first five years. Had the notification been implemented, there were fears legal challenges could have affected BT cotton seed supplies at the time of sowing. Over 95 per cent of cotton sown in the country is BT cotton. The ministry of agriculture has withdrawn the notification on GM crops and is seeking wider consultation. The ministry likely to issue it after 90 days. This will provide seed licensees and licensors time to renegotiate contracts. Call us at +91-731-6642300
DAILY REPORT 26
th
MAY 2016
CURRENCY RBI Reference Rate
Currency
Rate Currency
Rate
Rupee- $
67.4467 Yen-100
61.3200
Euro
75.2098 GBP
98.5599
USD/INR
BUY USD/INR MAY ABOVE 67.61 TARGET 67.74 67.89 SL BELOW 67.41 SELL USD/INR MAY BELOW 67.31 TARGET 67.18 67.03 SL ABOVE 67.51 EUR/INR
BUY EUR/INR MAY ABOVE 75.25 TARGET 75.4 75.6 SL BELOW 75.05 SELL EUR/INR MAY BELOW 75.13 TARGET 74.98 74.78 SL ABOVE 75.33 YOUR MINTVISORY
CURRENCY MARKET UPDATES: Currencies across the globe seem to be largely guided by actions of the US Federal Reserve, with rupee witnessing only moderate volatility, says a report by Care Ratings. According to the credit rating agency, the single most important factor that is affecting the course of currencies is the Fed action or inaction related to interest rates. The Indian rupee has witnessed a moderate volatility so far this year and its movement towards Rs 68-69 during the year looks likely, it said. The volatility (on annualised monthly basis) has been really high for some of the currencies such as those of Argentina, Russia, South Africa, Brazil, Australia and Mexico. As per the report, the rupee has been following an uneven path in 2016 and has behaved quite well during this period, guided partly by the fundamentals as well as selective intervention from the RBI. The agency observed that besides the Fed monetary action, the rupee is also being influenced by lower growth in trade deficit as well as current account deficit, positive FPI flows in April and May and movement of interest rates in India based on RBI policy stance. Breaking its nine-day slide - the longest since 2007 - the rupee turned around in style against the dollar to close at 67.33 after selling in the US currency by exporters accelerated. The domestic unit rebounded from its two-and-a-half -month low with an impressive 42-paise gain - its sharpest single-day jump in over two months. Heavy selling in the greenback by exporters and banks amid its weakness against other currencies overseas and a spectacular rally in local equities supported the recovery momentum. Suspected Reserve Bank of India intervention through stateowned banks also kept it cheery. At the interbank forex market, the rupee resumed on a firm footing at 67.63 against its overnight close of 67.75 and maintained its rising trend to hit an intra-day high of 67.31 before settling at 67.33, a solid gain of 42 paise, or 0.62 per cent. In cross-currency trades, the rupee bounced back against the pound sterling to end at 98.85 from 98.98 on Tuesday. It also regained some ground against the euro and closed at 75.03 compared with 75.73 and recovered against the yen to settle at 61.13 per 100 yens as against 61.80 on Tuesday. Call us at +91-731-6642300
DAILY REPORT 26
th
MAY 2016
Date
Commodity/ Currency Pairs
Contract
Strategy
Entry Level
Target
Stop Loss
Remark
25/05/16
NCDEX GUARGUM
JUNE
BUY
5250
5300-5370
5190
NOT EXECUTED
25/05/16
NCDEX GUARGUM
JUNE
SELL
5160
5110-5040
5220
BOOKED FULL PROFIT
25/05/16
NCDEX DHANIYA
JUNE
BUY
7012
7057-7157
6947
NOT EXECUTED
25/05/16
NCDEX DHANIYA
JUNE
SELL
6757
6712-6612
6822
NOT EXECUTED
25/05/16
MCX GOLD
JUNE
BUY
29350
29450-29600
29250
NOT EXECUTED
25/05/16
MCX GOLD
JUNE
SELL
29250
29150-29000
29351
BOOKED FULL RPOFIT
25/05/16
MCX SILVER
JUNE
SELL
39290
39100-38300
39500
BOOKED RPOFIT
25/05/16
MCX SILVER
JUNE
BUY
39600
39850-40150
39350
NOT EXECUTED
Date
Scrip
CASH/ FUTURE/ OPTION
Strategy
Entry Level
Target
Stop Loss
Remark
25/05/16
NIFTY
FUTURE
BUY
7750
7820-7900
7680
NOT EXECUTED
25/05/16
BIOCON
FUTURE
BUY
648
651-655
643
BOOKED PROFIT
25/05/16
CIPLA
FUTURE
SELL
493
488-480
499.5
NOT EXECUTED
25/05/16
RUSHIL
CASH
BUY
367.5
370-372.5
363.5
BOOKED FULL PROFIT
YOUR MINTVISORY
Call us at +91-731-6642300
DAILY REPORT 26
th
ECONOMIC CALENDAR
MAY 2016
NEXT WEEK'S U.S. ECONOMIC REPORTS TIME
REPORT
PERIOD
ACTUAL
CONSENSUS FORECAST
PREVIOUS
MONDAY, MAY 23 9:45 AM
MARKIT PMI FLASH
MAY
--
50.8
523,000
511,000
-$61.2 BLN
-$56.9 BLN
TUESDAY, MAY 24 10 AM
NEW HOME SALES
APRIL WEDNESDAY, MAY 25
8;30 AM
ADVANCE TRADE IN GOODS
APRIL THURSDAY, MAY 26
8:30 AM
WEEKLY JOBLESS CLAIMS
MAY 21
--
--
8:30 AM
DURABLE GOODS ORDERS
APRIL
-0.1%
0.8%
10 AM
PENDING HOME SALES
APRIL
1.0%
1.4%
FRIDAY, MAY 27 8:30 AM
GDP REVISION
1Q
0.8%
0.5%
10 AM
CONSUMER SENTIMENT
MAY
--
95.8
Disclaimer The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility. The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance o f this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. We are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid or Unpaid), any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Informa tion Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.
YOUR MINTVISORY
Call us at +91-731-6642300