Special report 14 may 2018 epic research

Special Report 14-May-2018

Global markets at a glance The US markets also closed on a positive note. The S&P 500 rose on Friday, helped by healthcare stocks after President Donald Trump blasted high drug prices but avoided taking aggressive measures to cut them. The Dow Jones Industrial Average rose 0.37 percent to end at 24,831.17 points, while the S&P 500 gained 0.17 percent to 2,727.72, its highest close since mid-March. The Nasdaq Composite slipped 0.03 percent to 7,402.88. For the week, the Dow rose 2.3 percent, the S&P 500 added 2.4 percent, and the Nasdaq climbed 2.7 percent.US consumer price index rose by 0.2 percent in April after edging down by 0.1 percent in March. Economists had expected consumer prices to climb by 0.3 percent. US jobless claims came in at 211,000, unchanged from the previous week's unrevised level.

Economists had expected jobless claims to rise to 218,000.

World Indices Index

Value

% Change

24,831.17

0.37

S&P500

2,728.25

0.35

NASDAQ

6,957.00

-0.11

FTSE100

7,724.55

0.31

22,758.48 31,122.06

1.15 1.01

DJI

NIKKEI HANG SENG

Top Gainers CMP

Change

% Chg

1,286.45

68.75

5.65

HPCL

318.75

10.85

3.52

Vedanta

286.95

7.25

2.59

BPCL

399.30

9.10

2.33

Tata Steel

607.25

13.10

2.20

CMP

Change

% Chg

51.40

-6.95

-11.91

Bharti Airtel

386.60

-25.50

-6.19

Sun Pharma

472.05

-25.15

-5.06

Titan Company

956.05

-17.05

-1.75

Tata Motors

330.80

-2.80

-0.84

Prev. Close

Change

%Chg

ASIANPAINT

1217.7

67.35

5.53

The Nifty, which started with a gap-up on Friday, continued its journey of making higher highs and higher lows and closed above its crucial resistance levels of 10,785-10,800 on daily charts. The index formed a bullish candle on the daily as well as weekly charts.Formation of a bullish candle negates the formation of a bearish candle formed in the previous trading session. Hence, investors are advised to stay cautious ahead of the Karnataka election outcome next week.

CYIENT DCMFINSERV DIVISLAB GOLDBEES GSS HDFCBANK

858 2.5 1190.3 2813.6 85.6 1992.7

20.95 0.1 4.1 3.4 7.25 17.95

2.44 4 0.34 0.12 8.47 0.9

Index stats

A2ZINFRA

The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[37.35], Consumption[15.45pts],PSE[15.60pts],CPSE[10.05 pts],Energy[88.30pts],FMCG[244.65pts],Auto [2 6 .80 pts],P harm a[ -99 .25 pts],IT[51 .3 0 pts],M etal [57.10pts],Realty[-1.55 pts], Fin Serv sector[ -129.10 pts].

ABB ABGSHIP

Asian markets started on a firm footing and the dollar eased on Friday as softer-than-forecast US inflation data tempered expectations for faster Federal Reserve interest rate rises this year.Investor sentiment also got a small boost after US President Donald Trump said he had high hopes of "doing something very meaningful" to curtail North Korea's nuclear ambitions at a summit in Singapore next month.Clear signs of thawing relationships in the Korean peninsula and the prospect of still expansionary monetary policies in most of the developed world helped whet risk appetite, although concerns remained around U.S. Previous day Roundup

Company

Asian Paints

Top Losers Company Idea Cellular

Stocks at 52 Week’s HIGH Symbol

ARVSMART Stocks at 52 Week’s LOW Symbol

Prev. Close

Change

%Chg

22.95

-0.65

-2.83

1268.15 6.5

-29.25 -0.3

-2.31 -4.62

Indian Indices Company

CMP

Change

% Chg

NIFTY

10806.50

90.00

0.84

SENSEX

35535.79

289.52

0.82

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Special Report 14-May-2018

RECOMMENDATIONS [FUTURE] 1.NTPC [FUTURE ] The particular script has breaked its crucial support level of 169.30,, in the earlier several trading sessions it was consolidating around its 200 days SMA which was acting as a support level for it so here we advice you to sell NTPC FUTURE AROUND 169-168 TGT 166-163 SL ABOVE 172

2.RELIANCE [FUTURE] With the good fundamental this particular script is has also plus point with respect to its technical , it is maintaining its uptrend and clsoed above its crucial resistance level of 989, so buy on strength would be good opportunity to go with it here we advice you to BUY RELIANCE FUTURE AROUND 993.50-995 TGT 1000-1020 SL BELOW .

STOCK RECOMMENDATION [CASH] APTECH [CASH]

This particular counter is continuosly maitaining its downtrend below 261 we can get good selling opportunity so sell on low would be a good startegy to follow so we recommend to SELL APTECH BELOW 261 TGT 255-250 SL ABOVE 264.

MACRO NEW  Trends on the Nifty futures on the Singaporean exchange indicate a flat opening for the market, with a hint of a negative bias. SGX Nifty was trading around 10,800-levels, a change of five points on the lower side.  A poll of the latest exit polls released by various news organisations and survey agencies suggest that the BJP might turn out to be the single largest party with approximately 98 seats. According to the poll of polls, the Congress won’t be far behind at an estimated 89 seats. The JD(S) will emerge third with around 31 seats and could be the decision maker in the crucial 2018 Karnataka assembly elections.The exit polls were released immediately after the voting exercise concluded in the state. The final voter turnout was 70 percent, marginally lower than 71.4 percent recorded in the 2013 Assembly polls.  Investors have pumped in a staggering over Rs 12,400 crore in equity mutual funds in April, driving the assets under management to a record Rs 8 trillion. This is much higher than over Rs 6,650 crore inflow seen in such schemes in March, according to the data from the Association of Mutual Funds in India (AMFI).  Investors have pumped in a staggering over Rs 12,400 crore in equity mutual funds in April, driving the assets under management to a record Rs 8 trillion. This is much higher than over Rs 6,650 crore inflow seen in such schemes in March, according to the data from the Association of Mutual Funds in India (AMFI).  Walmart may launch Flipkart IPO in as early as 4 years.

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Special Report 14-May-2018

STOCKS IN NEWS

MOST ACTIVE CALL OPTION Symbol

Optio Strike n Price Type

LTP

Traded Volume (Contracts)



Open Interest



NIFTY

CE

10,900

84

98,461

BANKNIFTY

CE

27,000

37.6

90,612

RELIANCE

CE

1,000

15

4,784

25,24,000

ASIANPAINT

CE

1,300 20.05

4,520

2,19,000

IDEA

CE

60

0.8

3,666

46,90,000

BHARTIARTL

CE

400

7.3

3,381

13,61,700

TITAN

CE

1,000

17.5

3,350

10,42,500

HDFCBANK

CE

2,000

33.5

3,298

6,92,000

Traded Volume (Contracts)

Open Interest

Ashoka Buildcon executed a concession agreement with NHAI Canara Bank: Sharp rise in provisions widens the bank’s net loss to Rs 4,859 crore

33,24,675 NIFTY FUTURE 5,64,440

MOST ACTIVE PUT OPTION Symbol

Optio Strike n Price Type

LTP

NIFTY

PE

10,600 63.55

1,24,371

NIFTY

PE

10,500

45.7

1,07,747

BANKNIFTY

PE

26,000 106.9

75,769

IDEA

PE

50

2.2

2,939

BHARTIARTL

PE

380

8.6

2,927

BHARTIARTL

PE

370

5.25

1,913

BHARTIARTL

PE

390

13

1,898

ICICIBANK

PE

300

5.4

1,854

The Nifty, which started with a gap-up on Friday, continued its journey of making higher highs and higher lows and closed above its crucial resistance levels of 50,25,825 10,785-10,800 on daily charts. The index formed a bullish 61,94,700 candle on the daily as well as weekly charts.

3,13,160

Formation of a bullish candle negates the formation of a 22,54,000 bearish candle formed in the previous trading session.

7,46,300 Hence, investors are advised to stay cautious ahead of 3,89,300 the Karnataka election outcome next week,so we advice to BUY NIFTY FUTURE AROUND 10770-10790 TGT 10850 4,76,000 -10900 SL BELOW 10720.

42,13,000

FII DERIVATIVES STATISTICS BUY

SELL

No. of Contracts

Amount in Crores

INDEX FUTURES

31017

2579.08

19686

1715.49

INDEX OPTIONS

497633

45282.39

505455

STOCK FUTURES

135591

8848.58

STOCK OPTIONS

85748

5662.87

OPEN INTEREST AT THE END OF THE DAY

No. of Amount in No. of Contracts Crores Contracts

Amount in Crores

NET AMOUNT

205485

17515.66

863.5925

45905.69

819488

68692.03

-623.2992

130992

8288.32

1200474

83966.72

560.2592

87091

5812.72

123634

8795.34

-149.8475 650.705

INDICES

R2

R1

PIVOT

S1

S2

NIFTY

10868.00

10837.00

10780.00

10749.00

10692.00

BANKNIFTY

26654.00

26533.00

26316.00

26195.00

25978.00

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Special Report 14-May-2018

RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD JUN FUT ABOVE 31555 TGT 31600-31650 SL BELOW 31440 SELL GOLD JUN FUT BELOW 31480 TGT 31430-31390 SL ABOVE 31530

SILVER TRADING STRATEGY: BUY SILVER JUL FUT ABOVE 40625 TGT 40675-40725 SL BELOW 40580 SELL SILVER JUL FUT BELOW 40460 TGT 40410-40360 SL ABOVE 40500

COMMODITY ROUNDUP Gold prices slipped in range-bound trading on Friday as the dollar firmed slightly, with investors mostly brushing off a potential broadening of conflict in the Middle East. Spot gold was down 0.1 percent at $1,319.61 per ounce, after rising to the highest since end-April at $1,322.76 in the previous session. The metal was, however, still on track to register a first weekly rise in four. U.S. gold futures for June delivery were nearly 0.2 percent lower at $1,320.20 per ounce.

Gold is traditionally seen as a safe place to park assets in times of uncertainty or conflic. Meanwhile, the dollar index on Friday edged slightly higher, but still held below a 4-1/2month high hit on Wednesday, with tepid U.S. inflation data for April prompting traders to pare bets of faster rate hikes by the Federal Reserve.Fed funds futures, however, rose on Thursday, indicating some traders continued to expect the U.S. central bank to raise key interest rates at its next policy meeting in June. A stronger dollar makes gold more expensive for holders of other currencies, while higher U.S. rates tend to boost the greenback.

Ireland's manufacturing output declined for the second straight month in March, the Central Statistics Office reported Friday. Manufacturing output slid 7.3 percent on a monthly basis in March, smaller than the 9.9 percent decrease in February.On a yearly basis, manufacturing output declined at a faster pace of 9.9 percent after easing 0.2 percent a month ago. At the same time, turnover decreased 9.1 percent on month and declined 6.6 percent year-on-year in March. In the first quarter, manufacturing output plunged 7.8 percent and turnover fell 3.4 percent.

Crude oil futures were flat Thursday, holding most of their recent gains after subdued U.S. inflation data. A break in the war of words between the U.S. and Iran allowed traders a chance to catch their breath after oil's strong rally earlier in the week. WTI light sweet crude oil was down 5 cents at $71.07 a barrel at last check.Including food and energy prices, core consumer prices inched up by 0.1 percent in April after rising by 0.2 percent in the previous month. Core prices had been expected to rise by 0.2 percent. Michael Pearce, Senior U.S. Economist at Capital Economics, said the smaller than expected increase in core prices suggests that the recent surge in underlying inflation is fading. The Fed will likely raise interest rates, but at a slower pace than some most analysts have come to expect.The U.S. Energy Information Agency (EIA) said on Thursday that the prices of crude oil and gasoline will increase this year. EIA's May Short-Term Energy Outlook (STEO) forecast that Brent crude oil prices will average 71 U.S. dollars per barrel in 2018, or 7 dollars per barrel higher than last month's STEO.

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Special Report 14-May-2018

RECOMMENDATIONS GUARGUM5 BUY GUARGUM MAY FUT ABOVE 8400 tgt 8450-8500 SL BELOW 8350 SELL GUARGUM5 MAY FUT BELOW 8030 tgt 7980/7930 SL ABOVE 8080

DHANIYA BUY DHANIYA MAY FUT ABOVE 4855 TGT 4900-4950 SL BELOW 4800 SELL DHANIYA MAY BELOW 4700 TARGET 4650-4600 SL ABOVE 4750

NCDEX INDICES Index

Value

% Change

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

1416 4049 3550 4768 1311 3765 16250 3884 3702 7308

-1.22 1.56 -0.06 0.27 -0.61 1.35 -0.31 -0.1 -0.56 -0.76

The latest update from United States Department of Agriculture (USDA), the global oilseeds production is projected up 20.9 million tons to 593.7 million, with higher soybean, sunflower, rapeseed, palm kernel, and copra partly offset by lower peanuts and cottonseed. Global soybean production is projected up 17.8 million tons to 354.5 million mostly due to recovery from drought in Argentina. Soybean production for Argentina is projected up 17.0 million tons to 56.0 million. Production for Brazil is flat with the revised 2017/18 crop at 117 million tons as a 4 percent increase in harvested area is offset with a return to trend yields. The 2018/19 soybean crop for China is down 0.1 million tons to 14.1 million with a lower yield and flat harvested area as producers expand area in more profitable crops. Global protein meal consumption is projected to increase 4 percent in 2018/19, with China accounting for the largest share of the increase despite below-average growth in protein meal consumption.

The latest update from United States Department of Agriculture (USDA), the global wheat production is projected at 747.8 million tons, down 10.6 million from the previous year's record. Most of the year-over-year production decline stems from a 13.0-million-ton reduction for Russia. Global wheat consumption is projected at a record 753.9 million tons, up 10.1 million from 2017/18.

Global imports are expected to increase 3.5 million tons in 2018/19 for the sixth consecutive record. With total use rising faster than supplies, global ending stocks are projected to decline 6.1 million tons to 264.3 million.

Total 2018/19 use is projected up 3 percent on higher food, feed and residual, and exports. Food use is projected at a record 965 million bushels, up 2.0 million bushels from the previous year's revised estimate. U.S.

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Special Report 14-May-2018

RBI Reference Rate Currency

Rate Currency

Rate

Rupee- $

67.2203 Yen

61.4300

Euro

80.0863 GBP

90.8751

USD/INR BUY USD/INR AROUND 67.60 TGT 67.80-68.00 SL 67.45

The dollar hovered below a 4.5-month high against a

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

basket of major currencies on Friday after tepid inflation data, prompting traders to pare bets of faster US rate hikes.

US consumer prices rose less than expected in April, which would support gradual, rather than more aggressive, rate increases by the Federal Reserve.

The so-called core CPI, which strips out the volatile food and energy components, rose 0.1 percent from previous month, compared to economists' median forecast of 0.2 percent rise. It lodged year-on-year rise of 2.1 percent, matching March's increase.

GBP/INR BUY GBP/INR ABOVE 91.80 TGT 92.00-92.20 SL 91.65 SELL GBP/INR BELOW 90.80 TGT 90.60-90.40 SL 90.95

The dollar's index against a basket of six major currencies stepped back to 92.71 from Wednesday's 4.5-month high of 93.42. .

The euro jumped back to $1.1918 from Wednesday's 4.5month low of $1.1823 The single currency has so far weathered the impact from rises in Italian bond yields on signs the country's two antiestablishment parties could sweep into power as they made "significant steps" towards forming a government.

While that would end almost ten weeks of political stalemate after an inconclusive election on March 4, investors cast a wary eye on a coalition of the 5-Star Movement and far-right League, which are hostile to European Union budget restrictions. Against the yen, the common currency rose to 130.38 yen , extending its recovery from its six-week low of 129.24 yen set on Tuesday.

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Special Report 14-May-2018

Date

Commodity/ Currency Pairs

Target

Stop Loss

Remark

11/05/18

NCDEX DHANIYA

MAY

BUY

4855

4900-4950

4800

NOT EXECUTED

11/05/18

NCDEX DHANIYA

MAY

SELL

4760

4710-4660

4800

OPEN

11/05/18

NCDEX GUARGUM5

MAY

BUY

8400

8450-8500

8350

NOT EXECUTED

11/05/18

NCDEX GUARGUM5

MAY

SELL

8030

7980/7930

8080

TARGET HIT

11/05/18

MCX GOLD

JUN

BUY

31490

31540-31590

31440

1ST TARGET HIT

11/05/18

MCX GOLD

JUN

SELL

31240

31200-31150

31290

NOT EXECUTED

11/05/18

MCX SILVER

JUL

BUY

40500

40550-40600

40450

TARGET HIT

11/05/18

MCX SILVER

JUL

SELL

40280

40320

SL TRIGGERED

Date

Scrip

CASH/ FUTURE/ OPTION

Strategy

Entry Level

11/05/18

NIFTY

FUTURE

BUY

10670-10680

11/05/18

MANNAPURAM

FUTURE

SELL

119.80

Contract Strategy

Entry Level

40230-40180

Target

Stop Loss

Remark

10620

NOT EXECUTED

116.70-110

122

NOT EXECUTED

10730-10780

11/05/18

NTPC

FUTURE

SELL

169

166-163

172

OPEN

11/05/18

APTECH

FUTURE

SELL

264.50

261-255

267

CLOSED AT 264

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Special Report 14-May-2018

NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS MONDAY, MAY 14

MONDAY, MAY 14

MONDAY, MAY 14

MONDAY, MAY 14

MONDAY, MAY 14

MONDAY, MAY 14

TUESDAY, MAY 15

TUESDAY, MAY 15

TUESDAY, MAY 15

TUESDAY, MAY 15

TUESDAY, MAY 15

TUESDAY, MAY 15

3:15 am 8:30 am

Retail sales

April

0.6%

8:30 am

Retail sales ex-autos

April

0.3%

8:30 am 10 am

Home builders' index

May

69

10 am

Business inventories

March

0.6%

WEDNESDAY, MAY 16 8:30 am

Housing starts

April

1.319mln

8:30 am

Building permits

April

1.379mln

9:15 am

Industrial production

April

0.5%

9:15 am

Capacity utilization

April

78.0%

THURSDAY, MAY 17 8.30 am

Weekly jobless claims

5/12

8:30 am

Phily Fed index

May

--

-23.2

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