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DAILY REPORT 19

th

OCTOBER 2016

Global markets at a glance European shares bounced back early on Tuesday, with commodities-related stocks leading the market higher after prices of major industrial metals and crude oil rose on a softer dollar. The pan-European STOXX 600 index rose 1.1 percent. The STOXX Europe 600 Basic Resources index rose 2 percent, the top sector gainer, as copper prices gained after the dollar eased from seven-month highs. Other metals, including gold, also rose as a weaker dollar made commodities cheaper for other currency holders. The European oil and gas index also advanced 1.4 percent on the currency moves and as some analysts said markets might not be quite as oversupplied as suggested by many, with global inventories rising less than expected. On the downside, shares in French testing, inspection and certification company Bureau Veritas fell 4.5 percent after the company cut its outlook for full year 2016. Asian shares inched ahead on Wednesday after Wall Street got a lift from encouraging corporate earnings and investors wagered an imminent barrage of Chinese data would confirm the economy had at least stabilised. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.4 percent, on top of a jump of 1.4 percent on Tuesday. Australian shares firmed 0.4 percent, while Japan's Nikkei dithered either side of flat. Previous day Roundup Bulls staged a strong comeback on Tuesday as GST council meet kick started. The Sensex surged more than 500 points to surpass psychological 28000-mark, driven by global cues. Short covering and value buying in index heavyweights also lifted the market higher. The 30-share BSE Sensex was up 520.91 points or 1.89 percent at 28050.88 and the 50-share NSE Nifty jumped 157.50 points or 1.85 percent to 8677.90. The broader markets also traded in line with benchmarks as the BSE Midcap rallied 1.9% on strong breadth. About 1903 shares advanced against 930 declining shares on the exchange. Outcome from the GST event is likely to be positive; the market expects that the govt will arrive at a consensus on the GST rate and provide a support to the trend. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 109.46pts], Capital Goods [up 303.51pts], PSU [up 50.90pts], FMCG [up 126.27pts], Realty [up 22.80pts], Power [up 18.93pts], Auto [up 284.69pts], Healthcare [up 263.07pts], IT [up 185.61pts], Metals [up pts], TECK [up 92.81pts], Oil& Gas [up 23.69pts]. YOUR MINTVISORY

World Indices Index

Value

% Change

DJI S&P500 NASDAQ FTSE100 NIKKEI

18161.94 2139.60 5243.84 7000.06 16996.39

+0.42 +0.62 +0.85 +0.76 +0.19

HANG SENG

23336.36

-0.25

Top Gainers Company

CMP

Change

% Chg

268.05

17.30

6.90

1,355.00

53.05

4.07

ICICIBANK

269.20

10.45

4.04

TECHM

423.90

15.35

3.76

TATASTEEL

426.00

15.20

3.70

CMP

Change

% Chg

354.05 276.70 1,175.00 656.50 4,006.00

5.40 1.75 7.30 2.60 6.85

-1.50 -0.63 -0.62 -0.39 -0.17

Prev. Close

Change

%Chg

AARTIIND

738.90

33.60

4.76

CROMPTON

179.05

-2.75

-1.51

DHFL

324.00

16.65

5.42

L&TFH

100.60

1.80

1.82

LICHSGFIN

613.55

35.95

6.22

Prev. Close

Change

%Chg

182.70 169.10

3.85 0.30

2.15 0.18

72.65

0.40

0.55

CMP

Change

% Chg

8677.90 28050.88

+157.50 +520.91

+1.85 +1.89

ADANIPORTS HDFC

Top Losers Company

INFRATEL ONGC ASIANPAINT BPCL ULTRACEMCO

Stocks at 52 Week’s HIGH Symbol

Stocks at 52 Week’s LOW Symbol

HEXAWARE HPL IDEA ---

Indian Indices Company

NIFTY SENSEX

Call us at +91-731-6642300


DAILY REPORT 19

th

OCTOBER 2016

STOCK RECOMMENDATIONS [FUTURE] 1. WIPRO [FUTURE]

STOCK RECOMMENDATION [CASH] HEXAWARE [CASH]

HEXAWARE IN DAILY CHART MADE A TWIZZER BOTTOM C ANDLE STICK FORMATION WHICH SHOWS STOCK NOW BO TTOM OUT FROM LOWER LEVELS,ONE CAN GO LONG IN H EXAWARE ABOVE 184 FOR TGT OF 189193 WITH SL OF 177.95.

A consolidated trend is seen in Wipro from last 2 weeks as it is trading in a very narrow range of 10 points, now buying above 487 is suggested in the stock for the targets up to 500 -510 with a stop loss of 470 which is also a very strong support level for the stock. 2. MARICO [FUTURE]

Marico has again taken a bounce back from a lower support trendline after showing some weakness in last week, buying above 286 is recommended in the stock for the targets up to 295 with a stop loss of 275.

YOUR MINTVISORY

MACRO NEWS  Results today: Hindustan Zinc, NIIT, Bayer Cropscience, KPIT Tech, Tata Coffee, RBL Bank, Quess Corp, Kirloskar Industries, Agro Tech Foods, Aptech, Gujarat Foils, Mangalam Organics, Mangalore Chemicals & Fertilizers, Tayo Rolls, Thirumalai Chemicals, ABC Bearing, Yuken India  Mastek Q2 profit doubles to Rs 7.7 cr on strong EBIT growth  RBI to cut rates in early 2017, aided by tame inflation: Poll  Shuttl in talks with Mahindra, Force for customised buses  HC dismisses Cairn India plea on oil export from Rajasthan field  Havells Q2 Net Profit At `145.8 Cr Vs CNBC-TV18 Poll Of `155 Cr Total Income At `1,559.3 Cr Vs CNBC-TV18 Poll Of `1,528 Cr  Bank of Baroda BM on 21 Oct to consider and approve issue of bonds  Tata Motors: Issues NCDs Worth `500 Cr Via Private Placement  M&M subscribed and allotted 60% stake in Classic Legends on preferential basis  JSW Steel to set up 1 lakh steel unit in Bengal  Axis Bank suffers cyber attack, hires EY to probe  Listings Endurance Technologies. Sovereign Gold Bonds 2.75%  SEP 2024 Tr-V Caplin Point Labs ex date for 1:5 stock split Alankit ex date for 1:1 bonus  Hatsun agro Q2FY17 Revenue up 17% at 998.48 cr vs 851cr EBIDTA up 9% at 91cr vs 83.59cr Call us at +91-731-6642300


DAILY REPORT 19

th

FUTURES & OPTIONS

OCTOBER 2016

NIFTY

CE

8,700 59.05

3,00,554

37,34,175

NIFTY

CE

8,800 25.60

2,16,073

53,31,375

BANKNIFTY

CE

19,500 84.00

1,89,781

3,14,160

ICICIBANK

CE

260 11.00

4,113

27,40,000

TATASTEEL

CE

430

6.75

3,280

12,26,000

TCS

CE

2,400 32.00

3,180

3,62,750

SBIN

CE

3.50

3,060

46,89,000

STOCKS IN NEWS  Allahabad Bank allotted 42.32lk shares to GoI on preferential basis  PC Jeweller opens 18th showroom in Delhi  Apollo Hospital likely to raise 450 cr via 20% dilution  Sathvana Ispat in talks with PiramalSFG to raise 500cr in debt funding  4 bidders in fray to buy stake in IDBI Bank  DLF brands to exit luxury business to focus on mass market  PNB Housing Finance's Rs 3000-cr IPO to open on October 25  Jyothy Labs BM on 25 Oct to consider issue of NCDs  Prominent Plastics acquires 7.9lk shares in Sintex

RELIANCE

CE

1,100 11.65

2,711

10,96,500

NIFTY FUTURE

LTP

Traded Volume (Contracts)

Open Interest

MOST ACTIVE CALL OPTION Symbol

Op- Strike tion Price Type

260

LTP

Traded Volume (Contracts)

Open Interest

MOST ACTIVE PUT OPTION Symbol

Op- Strike tion Price Type

NIFTY

PE

8,600 43.20

3,15,793

46,09,725

NIFTY

PE

8,500 22.00

3,15,141

49,86,600

BANKNIFTY

PE

19,000

9.70

1,47,566

6,21,840

ICICIBANK

PE

250

0.95

4,437

49,40,000

INFY

PE

1,000

5.50

2,388

15,02,000

TCS

PE

2,300

7.25

1,780

3,98,750

TATASTEEL

PE

400

1.75

1,615

18,62,000

SBIN

PE

250

1.80

1,611

33,90,000

Nifty in yesterday trading session was completely bullish the day, it moved up around 110 point and closed with further bullish indications. The index has given breakout of above 8600 now it has its next resistance around 8750. So we advise you to buy Nifty around 8650 for the targets of 8720 and 8800 with strict stop loss of 8550

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

33350

2237.11

42280

2966.91

221591

14854.53

-729.80

INDEX OPTIONS

648728

45216.86

606157

42159.37

1101643

73613.29

3057.48

STOCK FUTURES

110088

7668.41

92439

6445.04

882800

58457.74

1223.37

STOCK OPTIONS

70744

5049.19

69694

5001.70

111232

7491.70

47.49

TOTAL

3598.55

INDICES NIFTY BANKNIFTY YOUR MINTVISORY

R2

R1

PIVOT

S1

S2

8,768.83

8,723.37

8,723.37

8,594.17

8,510.43

19,738.85

19,616.95

19,389.90

19,268.00

19,040.95

Call us at +91-731-6642300


DAILY REPORT 19

th

OCTOBER 2016

MCX

RECOMMENDATIONS GOLD

TRADING STRATEGY: BUY GOLD AROUND 29750 TARGET 29850-30000 SL 29625 SELL GOLD AROUND 29600 TARGET 29500-29350 SL 29725

SILVER

TRADING STRATEGY: SELL SILVER AROUND 42350 TARGET 42150 42000 SL 42600 BUY SILVER AROUND 41850 TARGET 42100 42300 SL 41650

YOUR MINTVISORY

COMMODITY ROUNDUP Oil prices rose on Tuesday, helped by a weaker US dollarand as several analysts said that global markets might not be as oversupplied as flagged by others ahead of a November meeting of OPEC producers that could decide to cut crude production. The proposal by the Organisation of the Petroleum Exporting Countries made at the end of last month to cut or cap production has helped to lift crude prices above $50, but not much more because of market participants' doubts over the cartel's ability to strike and implement a concrete deal. But several analysts have now said that a two -year global supply glut could be receding when oil inventories are taken into account. They say that stocks are not as high as usual ahead of the winter fuels season. Brent crude rose 43 cents, or 0.8 per cent, to $51.95 a barrel by 0830 GMT. US West Texas Intermediate (WTI) crude was up 49 cents, close to 1 per cent, at $50.43. Weakness in US dollar is keeping Gold well supported today. The counter gained further in as a recovery from four month lows triggered good bargain buying. The festive season demand in India is dominating the markets right now and the commodity is currently quoting at $1263 per ounce, up 0.37% on the day. MCX Gold futures are up 0.22% at Rs 29770 per 10 grams. The counter hit highs above Rs 29800 levels earlier in the day. The US Dollar index eased after hitting its eight month high last week. Dollar dropped yesterday against the Euro after Eurozone inflation rose to 0.4% in September from 0.2% in August. The annual rate matched the preliminary estimate published on September 30. Nonetheless, headline inflation has been below the European Central Bank's target of 'below, but close to 2% since early 2013. Core inflation that excludes energy, food, alcohol and tobacco, held steady at 0.8% in September. On a monthly basis, consumer prices gained 0.4% in September. The Dollar index is lingering around 97.67, down 0.20% on the day. According to 2016 global stainless steel Forum announced in April-June this year, the world stainless crude steel output was 11.807 million tons, an increase of 7.5% compared with 10.982 million tons in the same period a year earlier. According to statistics, Western Europe, Central Europe, Eastern Europe and Africa have all declined in production over the same period last year, while production in North America, South America and the Asian region have increased compared with the same period of last year.

Call us at +91-731-6642300


DAILY REPORT 19

th

OCTOBER 2016

NCDEX

RECOMMENDATIONS DHANIYA

BUY CORIANDER NOV ABOVE 7110 TARGET 7155 7255 SL BELOW 7045 SELL CORIANDER NOV BELOW 6962 TARGET 6917 6817 SL ABOVE 7027

GUARGUM

BUY GUARGUM NOV ABOVE 6590 TARGET 6640 6710 SL BELOW 6520 SELL GUARGUM NOV BELOW 6500 TARGET 6450 6380 SL ABOVE 6570

YOUR MINTVISORY

NCDEX INDICES Index

Value

% Change

BARLEY CORIANDER COTTON SEED GUAR SEED JEERA MUSTARDSEED SOYA BEAN SUGAR M GRADE

1605 6940 1934 3375 16015 4460 2993 3510

+0.31 -1.69 +0.52 +0.15 -0.50 -0.25 -0.93 -0.85

TURMERIC

7164

+0.14

WHEAT

1794

+1.07

The wait for the implementation of the Maharashtra Pulses Price Control Act seems set to get longer, with the Centre sending back the draft Bill to the state government, questioning the need for such a law alongside the Essential Commodities Act, 1955, which has stringent provisions to curb hoarding and price control. The Centre has also sought to know why the provision for imprisonment in the draft Bill is lower than that in the Essential Commodities Act, 1955. Local Tea prices stayed mildly supported in September 2016 with an expected uptick in demand buttressing the sentiments. Prices have eased from their multi month highs in July and festive season buying is likely to dominate the overall activity in domestic markets in near term. All India Tea Auction quotes fell to Rs 136.36 per kg in last week of September – their lowest in four months. However, the commodity averaged Rs 137.90 per kg for the month- up nearly 4% on year. Meanwhile, Kenya continues to dominate the world markets by offering its produce around $2.33 per kg as against $3.10 last year. Availability in major export markets is steady with impressive uptick in Kenyan crop. In fact, all major exporting nations apart from Sri Lanka are witnessing good output this year. Steady trend was continued in barley market due to receding stocks in local mandies along with strong feed demand . The sources stated that the total production in 2015-16 is projected at 1.63 million tonnes, down 9 percent from the last year. This is mainly due to weak sowing acreage in the current year. Moreover, stocks have also been declined by almost 50 percent from the last year to reach 4-5 lakh tonnes. The spot prices surged by Rs 30 per quintal. While NCDEX October futures augmented by 0.66 percent to close at Rs 1605 per quintal today. Call us at +91-731-6642300


DAILY REPORT 19

th

OCTOBER 2016

CURRENCY RBI Reference Rate

Currency

Rate Currency

Rate

Rupee- $

66.7268 Yen

64.1400

Euro

73.5463 GBP

81.7136

USD/INR

BUY USD/INR OCT ABOVE 66.85 TARGET 66.97 67.12 SL BELOW 66.67 SELL USD/INR OCT BELOW 66.8 TARGET 66.68 66.53 SL ABOVE 67

EUR/INR

BUY EUR/INR OCT ABOVE 73.7 TARGET 73.82 74.02 SL BELOW 73.52 SELL EUR/INR OCT BELOW 73.52 TARGET 73.4 73.2 SL ABOVE 73.72 YOUR MINTVISORY

CURRENCY MARKET UPDATES: Indian rupee opened 10 paise higher at 66.79 against US dollar on Tuesday on account of selling of American currency by banks and exporters. At 9.34 am, the local currency was trading 11 paise up at 66.78 against dollar. On Monday, rupee closed lower by 17 paise at 66.88 due to increased dollar demand from importers and corporates. Extremely bullish dollar sentiment overseas backed by an expectation of rate hike by the US Fed alongside an adverse spillover effect of USD 22.4bn possible outflow in the wake of ongoing FCNR-B redemption largely added pressure on the local currency on Monday. The Australian and New Zealand dollars moved higher against their U.S. counterpart on Tuesday, as Monday's weak U.S. data weighed on the greenback, while upbeat New Zealand data and comments by the Reserve Bank of Australia boosted the two local currencies. NZD/USD advanced 0.74% to 0.7190, the highest since October 7. The greenback came under pressure after data on Monday showed that U.S. industrial production increased by 0.1% last month, below expectations for a gain of 0.2%. Separately, the Federal Reserve of New York said its Empire State manufacturing index fell to -6.80 in October from -1.99 the previous month. Analysts had expected the index to rise to 1.00. The U.S. dollar was also hit after Federal Reserve Vice Chairman Stanley Fischer said on Monday that economic stability could be threatened by low interest rates, but it was "not that simple" for the Fed to raise rates. Earlier Tuesday, Statistics New Zealand said that the consumer price index rose 0.2% in the third quarter, beating expectations for a flat reading and after an increase of 0.4% in the three months to June. AUD/USD climbed 0.66% to trade at 0.7679, the highest level since October 4. Meanwhile, the Aussie found support after Reserve Bank of Australia Governor Philip Lowe said he was comfortable with the current exchange rate. In his first speech as the RBA governor, Philip Lowe emphasised that current low levels of inflation were not unprecedented, dampening expectations for further rate cuts. The U.S. dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, Call us at +91-731-6642300


DAILY REPORT 19

th

OCTOBER 2016

Date

Commodity/ Currency Pairs

Contract

Strategy

Entry Level

Target

Stop Loss

Remark

18/10/16

NCDEX DHANIYA

DEC.

BUY

7225

7270-7370

7160

NOT EXECUTED

18/10/16

NCDEX DHANIYA

DEC.

SELL

7166

7121-7021

7231

2ND TARGET

18/10/16

NCDEX GUARGUM

NOV.

BUY

6520

6570-6640

6450

1ST TARGET

18/10/16

NCDEX GUARGUM

DEC.

SELL

6410

6360-6290

6480

SL TRIGGERED

18/10/16

MCX GOLD

DEC.

BUY

29750

29850-30000

29625

1ST TARGET

18/10/16

MCX GOLD

DEC.

SELL

29600

29500-29350

29725

NOT EXECUTED

18/10/16

MCX SILVER

DEC.

BUY

42000

42200-42500

39750

1ST TARGET

18/10/16

MCX SILVER

DEC.

SELL

41500

41300-41000

41750

NOT EXECUTED

Date

Scrip

CASH/ FUTURE/ OPTION

Strategy

Entry Level

Target

Stop Loss

Remark

18/10/16

NIFTY

FUTURE

SELL

8480

8420-8340

8550

NOT EXECUCTED

18/10/16

TVSMOTOR

FUTURE

BUY

393

396-400

389

1ST TARGET

18/10/16

HEROMOTOCO

FUTURE

SELL

3425-3430

3400-3370

3466

1ST TARGET

18/10/16

IGL

CASH

SELL

820

810-800

832

NOT EXECUCTED

YOUR MINTVISORY

Call us at +91-731-6642300


DAILY REPORT 19

th

OCTOBER 2016

ECONOMIC CALENDAR

NEXT WEEK'S U.S. ECONOMIC REPORTS TIME

REPORT

PERIOD

ACTUAL

CONSENSUS FORECAST

PREVIOUS

MONDAY, OCT. 17 8:30 AM

EMPIRE STATE INDEX

OCT.

-2.0

9:15 AM

INDUSTRIAL PRODUCTION

SEPT.

-0.4%

9:15 AM

CAPACITY UTILIZATION

SEPT.

75.5%

TUESDAY, OCT. 18 8:30 AM

CONSUMER PRICE INDEX

SEPT.

0.2%

8:30 AM

CORE CPI

SEPT.

0.3%

10 AM

HOME BUILDERS' INDEX

OCT.

65

WEDNESDAY, OCT. 19 8:30 AM

HOUSING STARTS

SEPT.

1.142MLN

8:30 AM

BUILDING PERMITS

SEPT.

1.152MLN

2 PM

BEIGE BOOK THURSDAY, OCT. 20

8:30 AM

WEEKLY JOBLESS CLAIMS

10/15

N/A

N/A

10 AM

LEADING INDICATORS

SEPT.

-0.2%

8:30 AM

PHILLY FED

OCT.

12.8

THURSDAY, OCT. 21 NONE SCHEDULED 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 of 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 Information 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

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Epic research special stock market report 19th oct 2016  

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