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Special Report 17-May-2018

Global markets at a glance Asian equities were mostly lower in morning trade on Thursday after North Korea threatened to walk away from its meeting with U.S. President Donald Trump planned next month. The U.S.-China trade talks, which would be held on Thursday in Washington, also garnered some attention.

World Indices

North Korea leader Kim Jong-Un said on Wednesday that he would reconsider whether to attend the upcoming summit if the U.S. continue to make a “one-sided demand” for the regime to surrender its nuclear weapons. “If the U.S. is trying to drive us into a corner to force our unilateral nuclear abandonment, we will no longer be interested in such dialogue and cannot but reconsider our proceeding to the DPRK-U.S. summit,” Kim said. He added that Trump risked becoming a “more tragic and unsuccessful president than his predecessors” if he didn’t accept North Korea as a nuclear power.South Korea’s KOSPI edged up 0.3% by 9:35PM ET (01:35 GMT).

Top Gainers

Retail and technology stocks led Wall Street higher on Wednesday and the small-cap Russell 2000 hit a record peak, even as a rise in U.S. bond yields to an almost sevenyear high suggested more competition for equities and investors fretted over geopolitics. U.S. Treasury Secretary Steven Mnuchin, Commerce Secretary Wilbur Ross and U.S. Trade Representative Robert Lighthizer would meet with Chinese Vice Premier Liu He, according to reports.The meeting comes after Liu told U.S. lawmakers on Wednesday that he would work hard to address the U.S.China trade imbalance and other problems with the trading relationship. Previous day Roundup The Nifty gave up all gains and closed marginally in the red on Tuesday as uncertainty around who will form the government in Karnataka made investors wary. The index formed an ‘Inverted Hammer’ or a Shooting Star kind of formation on the daily charts. A 'Shooting Star' pattern is formed when the index comes under selling pressure as traders start booking profits at higher levels. This pattern is usually formed in an uptrend and is treated as a reversal pattern, but it would require confirmation before we can conclude that the trend will get reversed in near future. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[-38.50], Consumption[32.65pts],PSE[-20.60pts],CPSE[-19.80 pts],Energy[ -2 3 8 .95 pts],FM CG[5 1 3 .3 5 pts],Auto [ 2 2 .1 0 pts],P harm a[ -2 . 0 5 pts],IT[2 0 .6 5 pts] ,M etal[ 15.40pts],Realty[6.20 pts], Fin Serv sector[-113.45 pts].

Index

Value

% Change

24,706.40

-0.78

S&P500

2,710.75

0.06

NASDAQ

6,894.25

0.05

FTSE100

7,724.55

0.31

22,784.93 31,078.73

-0.15 -0.24

DJI

NIKKEI HANG SENG Company

CMP

Change

% Chg

1,574.10

58.60

3.87

Lupin

766.50

15.70

2.09

ITC

285.85

4.00

1.42

Wipro

274.70

3.70

1.37

Yes Bank

349.75

4.00

1.16

CMP

Change

% Chg

297.25

-11.00

-3.57

3,990.75

-118.55

-2.88

Cipla

559.90

-15.90

-2.76

GAIL

330.65

-8.80

-2.59

Reliance

956.15

-22.80

-2.33

HUL

Top Losers Company

ICICI Bank UltraTechCement

Stocks at 52 Week’s HIGH Symbol

Prev. Close

Change

%Chg

ASIANPAINT

1314.65

16.05

1.22

BRITANNIA COLPAL DCMFINSERV

5454.8 1151.5 2.7

85.2 25.75 0.1

1.56 2.24 3.7

EDELWEISS GSS HEG

298.8 91.9 3277.8

16.05 2.45 297.2

5.37 2.67 9.07

ARVSMART Stocks at 52 Week’s LOW Symbol

ACC ADHUNIK ADSL

Prev. Close

Change

%Chg

1411.65

-2.4

-0.17

3.15 17.2

0.05 -0.2

1.59 -1.16

Indian Indices Company

CMP

Change

% Chg

NIFTY

10741.10

-60.80

-0.56

SENSEX

35387.88

-156.06

-0.44

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Special Report 17-May-2018

RECOMMENDATIONS [FUTURE] 1.RELINFRA [FUTURE ] The particular script has rebounded from its support level of 375 and can break its crucial resistance level of 391,here buy on support level would be a good opportunity so we advice you to BUY RELINFRA FUTURE AROUND 391-392 TGT395 –400 SL BELOW 388

2.MANAPPURAM [FUTURE] The particular script has rebounded by making a spinning top candle from its support level of 114 and can give a upward movement as per the intraday levels,here buy on support level would be a good opportunity so we advice you to BUY MANAPPURAM FUTURE AROUND 115-116 TGT118.50 –124 SL BELOW 112

STOCK RECOMMENDATION [CASH] POWERGRID [CASH]

This particular counter has breaked its crucial resistance level of 214 but woulde not closed above it due to market volatilty however the the volume shows the strength so buy on high would be good opportunity to trade so we advice to buy POWERGRID ABOVE 214 TGT 218-222 SL BELOW 211 MACRO NEW  Nifty Futures on the Singaporean exchange were trading flat, pointing to a similar opening on the market in India. The futures were hovering around 10,750-mark.  The rupee recovered from 16-month low levels to close higher by 27 paise at 67.80 against the US currency on suspected RBI intervention to stem further fall in the domestic currency.  Total investments via participatory notes (P-notes) into Indian capital markets plunged to a 9-year low of Rs 1 lakh crore in April amid stringent norms put in place by the Securities and Exchange Board of India to check the misuse of these instruments. According to SEBI data, the total value of P-note investments in Indian markets - equity, debt, and derivatives slumped to a low of 1,00,245 at April-end from Rs 1,06,403 crore in March-end. Prior to that, the figure was Rs 1,06,760 crore.  For the first time since inception, the Reserve Bank of India’s Monetary Policy Committee (MPC) will meet for three days in June for the second bi-monthly policy review instead of the usual two days. The RBI said the change in schedule is due to "administrative" reasons. The six members of the MPC led by RBI Governor Urjit Patel will meet on June 4, 5 and 6."Owing to certain administrative exigencies, the Second Bi-monthly Monetary Policy meeting for 2018-19 will now be held on June 4-6, 2018 instead of on June 5-6," the central bank said on its website.

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Special Report 17-May-2018

STOCKS IN NEWS

MOST ACTIVE CALL OPTION Symbol

Optio Strike n Price Type

NIFTY

CE

10,800

NIFTY

Balkrishna Paper Mills Q4: Loss at Rs 12.3 crore versus loss Rs 5.7 crore; revenue at Rs 60 crore versus Rs 47.2 crore (YoY).

Essar Steel lenders to seek guidance from NCLAT on Mittal offer - BS

LTP

Traded Volume (Contracts)

Open Interest

77

2,64,578

43,42,800

CE

11,000 16.95

2,44,898

61,94,625 NIFTY FUTURE

NIFTY

CE

10,900

38.2

2,41,486

37,85,850

BANKNIFTY

CE

26,200

77

2,33,730

5,46,280

PNB

CE

90

0.55

9,503

45,04,000

ITC

CE

290

2.7

8,705

58,92,000

PNB

CE

85

1

7,641

45,12,000

PNB

CE

80

2.2

6,704

46,32,000

Traded Volume (Contracts)

Open Interest

MOST ACTIVE PUT OPTION Symbol

Optio Strike n Price Type

LTP

NIFTY

PE

10,700

73

2,53,405

45,96,975

NIFTY

PE

10,600 46.45

1,80,554

40,72,200

NIFTY

PE

10,800

112

1,68,190

22,44,300

BANKNIFTY

PE

25,700

5.45

1,63,037

2,99,160

PNB

PE

70

1.75

6,393

52,32,000

PNB

PE

75

3.25

6,372

29,72,000

PNB

PE

80

6.25

5,020

16,88,000

TATASTEEL

PE

600

8.2

3,713

11,94,686

The Nifty witnessed another volatile day on Wednesday but managed to close above its crucial support level of 10,700 levels but witnessed an intraday volatility of 91 points which resulted in a ‘High Wave’ candlestick pattern on the daily charts. A High Wave kind of pattern is formed when there is a long upper shadow and a long lower shadow with a small body. The pattern is similar to a spinning top or a Doji kind of pattern but in the high wave, the shadows are longer and there is a small body. ,so we advice to BUY NIFTY FUTURE AROUND 1085010860 TGT 10900-10950 SL BELOW 10800.

FII DERIVATIVES STATISTICS BUY

SELL

No. of Contracts

Amount in Crores

INDEX FUTURES

34660

2974.49

25684

2314.33

INDEX OPTIONS

1704537

159154.82

1671951

STOCK FUTURES

178411

11399.60

STOCK OPTIONS

122155

8264.53

OPEN INTEREST AT THE END OF THE DAY

No. of Amount in No. of Contracts Crores Contracts

Amount in Crores

NET AMOUNT

222170

18996.75

660.1616

156287.75

892107

74928.40

2867.0694

181766

11544.91

1223136

84802.44

-145.3156

120526

8130.15

128527

8935.04

134.3822 3516.2976

INDICES

R2

R1

PIVOT

S1

S2

NIFTY

10834.00

10787.00

10743.00

10696.00

10652.00

BANKNIFTY

26563.00

26372.00

26237.00

26046.00

25911.00

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Special Report 17-May-2018

RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD JUN FUT ABOVE 31160 TGT 31200-31250 SL BELOW 31110 SELL GOLD JUN FUT BELOW 30870 TGT 30820-30780 SL ABOVE 30920

SILVER TRADING STRATEGY: BUY SILVER JUL FUT ABOVE 40030 TGT 40080-40130 SL BELOW 39990 SELL SILVER JUL FUT BELOW 39760 TGT 39710-39650 SL ABOVE 40000

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 17-May-2018

RECOMMENDATIONS GUARGUM5 BUY GUARGUM JUN FUT ABOVE 8640 tgt 8690-8740 SL BELOW 8600 SELL GUARGUM5 JUN FUT BELOW 8310 tgt 8260 8210 SL ABOVE 8360

DHANIYA BUY DHANIYA JUN FUT ABOVE 4855 TGT 4900-4950 SL BELOW 4800 SELL DHANIYA JUN BELOW 4760 TARGET 4700-4650 SL ABOVE 4800

NCDEX INDICES Index

Value

% Change

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

1449 3977 3562 4798 1317 3865 16300 3939 3730 7300

0.76 -1.07 -2.97 0.8 0.65 2.11 -0.55 -0.23 0.46 1.36

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 17-May-2018

RBI Reference Rate Currency

Rate Currency

Rate

Rupee- $

67.8276 Yen

61.5200

Euro

80.2943 GBP

91.6826

USD/INR BUY USD/INR AROUND 68.00 TGT 68.20-68.40 SL 67.85

The dollar hovered below a 4.5-month high against a

SELL USD/INR BELOW 67.50 TGT 67.30-67.10 SL 67.65

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 91.90 TGT 92.10-92.30 SL 91.75 SELL GBP/INR BELOW 91.35 TGT 91.15-91.00 SL 91.50

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 17-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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Special report 17 may 2018 epic research  

Asian equities were mostly lower in morning trade on Thursday after North Korea threatened to walk away from its meeting with U.S. President...

Special report 17 may 2018 epic research  

Asian equities were mostly lower in morning trade on Thursday after North Korea threatened to walk away from its meeting with U.S. President...

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