Special report 10 may 2018 epic research

Special Report 10-May-2018

Global markets at a glance Wall Street surged on Wednesday as surging oil prices boosted energy stocks following US President Donald Trump's decision the previous day to quit a nuclear agreement with Iran.

World Indices

Gains were broad and volume was high, with all but the utilities and telecom sectors advancing as investors who had moved to the sidelines in recent days ahead of Trump's decision returned to the market.

"It's classic 'buy on the terrible news'," said Ian Winer, director of trading at Wedbush Securities in Los Angeles, referring to the wider market's rally. "People had gotten way too nervous about this."Trump's decision for the United States pull out of the international agreement aimed at preventing Iran from obtaining a nuclear weapon was good news for investors betting on a rise in oil prices.

Crude hit its highest level in 3-1/2 years as investors bet the U.S. withdrawal would increase risks of conflict in the Middle East and curtail global oil supplies.

Asian stocks rose on Thursday, with energy shares leading the way as crude oil prices bolted higher after US President Donald Trump's decision to pull out of a nuclear deal with Iran.

Index

Value

% Change

24,542.54

0.75

S&P500

2,701.25

0.19

NASDAQ

6,917.00

0.30

FTSE100

7,662.75

1.26

22,428.14 30,802.58

0.36 0.23

DJI

NIKKEI HANG SENG

Top Gainers Company

CMP

Change

% Chg

Tata Motors

341.95

9.80

2.95

Titan Company

985.70

17.60

1.82

TCS

3,489.30

48.10

1.40

UPL

731.30

9.80

1.36

Yes Bank

347.85

4.55

1.33

CMP

Change

% Chg

3,966.25

-97.85

-2.41

BPCL

385.45

-7.15

-1.82

Lupin Sun Pharma

762.15 506.15

-12.70 -5.30

-1.64 -1.04

1,849.10

-19.30

-1.03

Top Losers Company

UltraTechCement

MSCI's broadest index of Asia-Pacific shares outside Japan added 0.2 percent, while Japan's Nikkei climbed 0.5 percent.Elsewhere in Asia, a stunning election upset in Malaysia by the opposition sent ringgit forwards sliding more than 2 percent in offshore trade and the cost to insure against a Malaysian debt default rose.Moody's ratings agency said the country was now in uncharted territory after an alliance of opposition parties led by former prime minister Mahathir Mohamad shocked the ruling coalition.

Stocks at 52 Week’s HIGH

Previous day Roundup

FSL

The Nifty formed a bullish candle after forming a bearish candle on the daily candlestick charts on Tuesday. Investors are advised to remain neutral on markets and adopt a stock specific approach.The Nifty which opened at 10,693.35 rose to an intraday high of 10,766.25. It slipped below its 5-DEMA to hit an intraday low of 10,689.85. It finally closed 23.90 points higher at 10,741.70.

GSS GUFICBIO HDFCMFGETF

Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[-9.95], Consumption[-17.50pts],PSE[-11.65pts],CPSE[-0.60 pts],Energy[40.55pts],FMCG[ -119.25pts],Auto[1 7 .4 5 p ts ] ,P h a rm a [ -4 9 . 1 5 pt s ], IT [7 3 .7 5 p ts ] ,M e ta l [2.55pts],Realty[-0.30 pts], Fin Serv sector[ 2.25 pts].

Bajaj Finance Symbol

Prev. Close

Change

%Chg

ASTERDM

188.05

3.95

2.1

BOMDYEING DCMFINSERV

313.85 2.45

-10.85 0.05

-3.46 2.04

64.45

6.4

9.93

81.05 155.6 2861.9

0.75 1.75 -3.9

0.93 1.12 -0.14

ARVSMART Stocks at 52 Week’s LOW Symbol

A2ZINFRA ABMINTLTD ADROITINFO

Prev. Close

Change

%Chg

24.95

-0.75

-3.01

25 29.3

1 0.4

4 1.37

Indian Indices Company

CMP

Change

% Chg

NIFTY

10741.70

23.90

0.22

SENSEX

35319.35

103.03

0.29

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Special Report 10-May-2018

RECOMMENDATIONS [FUTURE] 1.AXISBANK [FUTURE ] The particular counter is maintaining a good bullish trend and can give a bull breakout above 550 so here buy on would be good opportunity so we advice to buy AXISBANK FUTURE ABOVE 550 TGT 554-560 SL BELOW 546.

STOCK RECOMMENDATION [CASH] RAIN [CASH]

The particular script has rebounded from its support level of 303.80 and thn its crucial resistance level of 331.30 closed above it with a good volume so we can get a good buying sign so we advice you to BUY RAIN AROUND 335336 TGT 339-342 SL BELOW 332.50.

2.BAJFINANCE [FUTURE] This particular counter is continuosly maitaining its downtrend below 1853.50 there is no support level so sell on low would be good startegy to follow so we recommend to sell BAJFINANCE BELOW 1853 TGT 1843-1833 SL ABOVE 1865.

MACRO NEW  Trends on SGX Nifty indicate a flat to negative opening for the broader index in India, a fall of 10.5 points or 0.1 percent. Nifty futures were trading around 10,761level on the Singaporean Exchange.  The rupee on Wednesday tumbled to a low of 67.48 before closing at fresh 15-month low of 67.27, down by 15 paise against the US currency, due to growing concerns over surging crude prices and foreign capital outflows. This is the lowest closing for the rupee since February 7, 2017 when it had settled at 67.41 against the dollar.It spiralled down to hit a fresh intra-day low of 67.48 in mid-afternoon deals before regaining some lost ground to end at 67.27, showing a loss of 19 paise, or 0.28 percent.  e Indian economy is expected to grow at 7.4 percent in the current fiscal and accelerate further to 7.8 percent as it recovers from the impact of demonetisation and goods and services tax (GST) roll out, the International Monetary Fund (IMF) said on Wednesday.Asia is expected to grow at 5.6 percent this year and next, it said, adding that the outlook is supported by strong global demand, as well as still accommodative policies and financial conditions.  Oil prices rose about 3 percent on Wednesday and hit fresh 3-1/2 year highs after a bigger-than-expected drawdown in US oil inventories extended gains from the United States’ decision to quit a nuclear deal with Iran.Brent crude futures rose USD 2.36, or 3.2 percent, to settle at USD 77.21 a barrel.

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Special Report 10-May-2018

STOCKS IN NEWS

MOST ACTIVE CALL OPTION Symbol

Optio Strike n Price Type

LTP

Traded Volume (Contracts)

Open Interest

NIFTY

CE

10,800 122.4

96,911

32,70,375

NIFTY

CE

11,000

43.2

79,694

53,78,100

BANKNIFTY

CE

25,900 229.9

72,702

88,080

TATAMOTORS CE

350

9.4

5,855

26,73,000

TATAMOTORS CE

340 13.75

5,371

23,76,000

RELIANCE

CE

1,000

13.5

4,157

26,87,000

TATASTEEL

CE

620

14.5

3,947

11,72,405

ARVIND

CE

450 10.35

3,838

6,34,000

LTP

Traded Volume (Contracts)

Open Interest



Cipla partners with MannKind for exclusive marketing, distribution of Afrezza



EID Parry: Company's Q4 net profit down 86.43 percent

NIFTY FUTURE

MOST ACTIVE PUT OPTION Symbol

Optio Strike n Price Type

NIFTY

PE

10,700 110.5

90,171

NIFTY

PE

10,600

80

88,078

BANKNIFTY

PE

25,400

1.75

78,143

ICICIBANK

PE

300

7.35

3,311

PCJEWELLER

PE

200

32.6

2,930

PCJEWELLER

PE

150

14.4

2,500

ICICIBANK

PE

280

2.6

2,388

28,22,775 The Nifty formed a bullish candle after forming a bearish 42,80,325 candle on the daily candlestick charts on Tuesday.

Investors are advised to remain neutral on markets and 2,49,800 adopt a stock specific approach.The Nifty which opened 45,65,000 at 10,693.35 rose to an intraday high of 10,766.25. It 10,92,000 slipped below its 5-DEMA to hit an intraday low of 10,689.85. It finally closed 23.90 points higher at 11,91,000 10,741.70.so we advice to BUY NIFTY FUTURE AROUND 80,24,500 10790-10795 TGT 10850-10900 SL BELOW 10740.

PCJEWELLER

PE

100

4.7

2,386

19,95,000

FII DERIVATIVES STATISTICS BUY

SELL

No. of Contracts

Amount in Crores

INDEX FUTURES

19074

1650.49

16748

1433.74

INDEX OPTIONS

671275

65117.92

665195

STOCK FUTURES

122810

8204.52

STOCK OPTIONS

71534

5012.88

OPEN INTEREST AT THE END OF THE DAY

No. of Amount in No. of Contracts Crores Contracts

Amount in Crores

NET AMOUNT

183052

15574.67

216.747

64541.29

800211

66851.08

576.6299

122297

8094.86

1175993

82864.79

109.6685

71365

4996.79

108187

7776.13

16.0923 919.1377

INDICES

R2

R1

PIVOT

S1

S2

NIFTY

10809.00

10775.00

10732.00

10698.00

10655.00

BANKNIFTY

26362.00

26258.00

26102.00

25998.00

25842.00

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Special Report 10-May-2018

RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD JUN FUT AROUND 31330-31340 TGT 31390-31430 SL BELOW 31300 SELL GOLD JUN FUT AROUND 31280-31270 TGT 31230-31170 SL ABOVE 31330

SILVER TRADING STRATEGY: BUY SILVER JUL FUT ABOVE 40160 TGT 40200-40250 SL BELOW 39110 SELL SILVER JUL FUT BELOW 40050 TGT 40000-39050 SL ABOVE 40100

COMMODITY ROUNDUP MCX Aluminium futures extended their losses yesterday as the global price action remained tepid. The local futures crashed under Rs 150 per kg and closed down 3% at Rs 146.35 per kg. The US has indicated it could ease sanctions against Russian aluminium producer Rusal that have sent global Aluminium price soaring to seven year top, leading a crash of nearly 10% near $2200 per tonne in the metal prices on LME on Monday. The US Treasury said if billionaire Oleg Deripaska sold his stake in the company, the world's second-largest aluminium producer by output, it could cut or lift the sanctions. It also extended the time limit for US and non-US citizens to wind up business with the company by almost five months, to October 23. Since the sanctions against Rusal were introduced on April 6, global Aluminium prices have risen by as much as a third as the metal makes 6% of the world's supply of the metal. LME Aluminium stayed under pressure yesterday too and stayed near the recent lows. At 429.7 million barrels, US crude oil inventories are in the lower half of the average range for this time of the year. Total products supplied over the past four-week period averaged over 20.4 million barrels per day, up by 4.3% from the same period last year. Over the past four weeks, motor gasoline product supplied averaged 9.4 million barrels per day, up 1.3% from the same period last year.

Crude oil futures stayed mixed after testing near one week low as steady buying emerged on strength in stock markets thereafter. MCX Crude oil futures closed around Rs 4550 per kg levels. US crude oil inventories increased last week ending April 20, and the refining sector fell 328,000 barrels per day from the previous week's average, the US Energy Information Administration (EIA) said in a report. According to the Weekly Petroleum Status Report, US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, of the week ending April 20 increased by 2.2 million barrels from the previous week. At 429.7 million barrels, US crude oil inventories are in the lower half of the average range for this time of the year.

COMEX Gold futures slipped to a five week low on strength in US stocks and sound economic data. DOW jumped above 24000 mark on strong quarterly results from some of the biggest US companies and Gold stayed slippery, falling under $1320 levels. MCX Gold futures extended losses too and closed just above at Rs 31200 per 10 grams mark. The Indian Rupee edged up a bit back after testing its 14 month low last week and a further rally in the INR could cap local Gold in coming days.

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Special Report 10-May-2018

RECOMMENDATIONS GUARGUM5 BUY GUARGUM MAY FUT ABOVE 8400 tgt 8450-8500 SL BELOW 8350 SELL GUARGUM5 MAY FUT BELOW 8290 tgt 8240/8200 SL ABOVE 8330

NCDEX INDICES Index

Barley Castor Seed Chana Coriander Cotton Seed Oilcake Guar Seed 10 MT Jeera Mustardseed Soy Bean Turmeric

Value

% Change

1439 4020 3570 4780 1333.5 3766 16000 3872 3697 7300

0.07 -0.35 0.85 0.55 1.1 1.43 2.17 0.57 1.12 -1.88

The dollar held steady just below its strongest level since mid-January on Monday, leaving the euro pinned near three-month lows, as a pullback in US treasury yields kept a lid on the US currency's recent rally.

DHANIYA BUY DHANIYA MAY FUT ABOVE 4855 TGT 4900-4950 SL BELOW 4800 SELL DHANIYA MAY BELOW 4760 TARGET 4710-4660 SL ABOVE 4800

Traders are readying for German inflation data and consumer spending numbers due out of the US later to see whether the dollar can continue a run of gains that has encouraged some analysts to predict the currency, which has weakened for most of the past year, can strengthen further.

The 10-year US Treasury yield surpassed 3 per cent last week, encouraging investors to buy the dollar and cut their euro exposure. Positioning data shows that net long euro positions by speculators fell last week, albeit it from a multiyear high, suggesting investors remain bullish on the single currency.

"With US yields meandering around the 3 per cent market, in the near term the dollar can definitely rise further," said Alvin Tan, FX strategist at Societe Generale. "That said, we think longer term the euro can move higher."

The dollar's index against a basket of six major currencies rose 0.1 per cent to 91.652, down from Friday's high of 91.986, its strongest level since Jan. 11.

The single currency dropped 0.1 per cent to $1.2114, not far from its lows last week of $1.2110.

The euro enjoyed a strong rally at the start of this year but doubts over the speed at which the European Central Bank will normalise monetary policy and some signs the region's economic rebound has peaked left the currency stuck in a trading range before the dollar's recent bounce.

The dollar index had risen more than 1.3 per cent last week for its biggest weekly gain in over two months.

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Special Report 10-May-2018

RBI Reference Rate Currency

Rate Currency

Rate

Rupee- $

67.3815 Yen

61.4900

Euro

79.7460 GBP

91.0863

USD/INR BUY USD/INR AROUND 67.55 TGT 67.75-67.95 SL 67.40

The US dollar rallied to a four-month high on Monday as

SELL USD/INR BELOW 67.30 TGT 66.10-65.90 SL 67.45

the 10-year Treasury yield’s climb toward the psychologically important 3 percent level spurred buying of the greenback, leaving the euro and yen lower. The 10year yield hit its highest in over four years at 2.998 percent, driven by worries about the growing supply of government debt and accelerating inflation as oil and commodity prices climb. The rupee made a muted start on Friday morning with a loss of 8 paise at 66.83 against the dollar.

Overall, sentiment remained subdued due to a gradual increase in crude oil prices, stirring up more concerns over a widening trade deficit.

GBP/INR

The domestic currency on Thursday recovered mildly and

BUY GBP/INR ABOVE 91.75 TGT 91.95-92.25 SL 91.60

closed at 66.75. The rupee on wednesday nosedived 52

SELL GBP/INR BELOW 91.30 TGT 91.10-90.90 SL 91.45

paise to hit a 14-month low of 66.90 against the US dollar, the third biggest single-day fall for the domestic currency this year, amid surging crude prices coupled with headwinds on the macro-economic front in form of widening trade deficit. This was the lowest closing for the rupee since February 22, 2017.

The dollar held steady against a basket of currencies on Monday, having pulled back from a 3-1/2-month high set late last week, pressured by a decline in the benchmark US 10-year Treasury yield. The dollar’s index against a basket of six major currencies stood at 91.519, steady on the day but down from Friday’s high of 91.986.The US 10-year yield has since come off that peak and fell 3 basis points on Friday to 2.957 percent, down from a four-year high of 3.035 percent struck on Wednesday.

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Special Report 10-May-2018

Date

Commodity/ Currency Pairs

Target

Stop Loss

Remark

09/05/18

NCDEX DHANIYA

MAY

BUY

4730

4760-4780

4700

NOT EXECUTED

09/05/18

NCDEX DHANIYA

MAY

SELL

4640

4610-4580

4670

NOT EXECUTED

09/05/18

NCDEX GUARGUM5

MAY

BUY

8230

8250-8270

8210

NOT EXECUTED

09/05/18

NCDEX GUARGUM5

MAY

SELL

8030

8010-7990

8050

NOT EXECUTED

09/05/18

MCX GOLD

MAY

BUY

31295-31300

31350-31400

31255

1st TARGET HIT

09/05/18

MCX GOLD

MAY

SELL

31200-31190

31150-31100

31250

SL TRIGGERED

09/05/18

MCX SILVER

MAY

BUY

40005

40050-40100

09/05/18

MCX SILVER

MAY

SELL

Date

Scrip

CASH/ FUTURE/ OPTION

Strategy

09/05/18

NIFTY

FUTURE

BUY

10746-10750

FUTURE

BUY

507

09/05/18

JETAIRWAYS

Contract Strategy

09/05/18

BPCL

FUTURE

BUY

09/05/18

NIITECH

FUTURE

SELL

Entry Level

39850-39840

Entry Level

397.9-398.5

1066

39800-39750

Target

39960

39900

TARGET HIT

SL TRIGGERED

Stop Loss

Remark

10700

OPEN

500-490

512

OPEN

301-305

296

NOT EXECUTED

1076-1086

1057

IST TARGET HIT

10800-10850

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Special Report 10-May-2018

NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS TIME (ET)

REPORT

PERIOD

ACTUAL

FORECAST

PREVIOUS

--

$11 bln

MONDAY, MAY 7 3 pm

Consumer credit

March TUESDAY, MAY 8

6 an

NFIB small business index

April

--

104.7

10 am

Job openings

March

--

6.1 mln

WEDNESDAY, MAY 9 8:30 am

Producer price index

April

0.3%

0.3%

10 am

Wholesale inventories

March

--

1.0%

THURSDAY, MAY 10 8.30 am

Weekly jobless claims

5/5

221,000

211,000

8L30 am

Consumer price index

April

0.3%

-0.1%

8:30 am

Core CPI

April

0.2%

0.2%

2 pm

Federal budget

April

--

$182bln

FRIDAY, MAY 11 8:30 am

Import price index

April

--

0.0%

10 am

Consumer sentiment

May

98.8

98.8

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