epic research special stock market report 11th aug 2016
TRANSCRIPT
DAILY REPORT 11
th AUGUST 2016
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance Germany's top share index hit a new high for 2016 on Tues-day as European shares advanced for a fifth straight ses-sion, boosted by new highs on Wall Street and strong re-sults from companies like Munich Re. Germany's DAX closed up 2.5 percent, having hit 10,701.33, its highest level since the last trading day of 2015. The index is up 16 per-cent from its June low and 23 percent from a trough hit in February, meaning in technical terms it is in "bull market" territory. The STOXX Europe 600 was up 0.9 percent, in positive territory for a fifth straight session. It is just 0.4 percent away from regaining all of its losses made after Britain voted to leave the European Union on June 23. Ap-petite for equities was also buoyed as the S&P 500 and Nasdaq both hit fresh record highs on Wall Street. Asia markets opened lower on Thursday, following US losses, with sentiment likely driven by Wednesday's oil price falls and in anticipation of another data deluge from China on Friday. In Australia, the benchmark ASX 200 was down 0.74 percent in early trade, with the financials, en-ergy and materials sub-indexes down between 0.6 and 1.13 percent. Major banking stocks sold off, with shares of Com-monwealth Bank of Australia down some 2.2 percent. New Zealand's NZX 50 was near flat at 7,342.43. In South Korea, the Kospi traded 0.27 percent lower. Japanese markets were closed for the Mountain Day public holiday. US stocks closed lower, with the benchmark S&P 500 dropping 6 points as energy - the biggest laggard - dropped 1.4%. Previous day Roundup Profit booking continued for the second consecutive ses-sion Wednesday as the equity benchmarks posted a biggest one-day loss in percentage terms since June 24. The 30-share BSE Sensex lost 310.28 points or 1.10 percent at 27774.88 and the 50-share NSE Nifty plunged 102.95 points or 1.19 percent to 8575.30. The broader markets also caught in bear grip. The BSE Midcap and Smallcap indices were down more than a percent as about 1893 shares de-clined against 840 advancing shares on the exchange. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 191.18 pts], Capital Goods [down 172.39 pts], PSU [down 102.60 pts], FMCG [down 89.08 Pts], Realty [down 21.27 pts], Power [down 32.33 pts], Auto [down 418.32 pts], Healthcare [down 275.03 pts], IT [down 20.32 pts], Metals [down 48.56 Pts], TECK [down 17.09 pts], Oil& Gas [down 236.78 pts].
World Indices
Index Value % Change
DJI 18463.00 +0.06
S&P500 2173.50 +0.03
NASDAQ 5204.59 -0.40
FTSE100 6810.00 -0.04
NIKKEI 16650.00 -0.72
HANG SENG 22493.63 +0.03
Top Gainers
Company CMP Change % Chg
ADANIPORTS 257.60 17.85 7.45
BANKBARODA 160.05 1.60 1.01
TCS 2676.00 25.80 0.97
HCLTECH 817.95 7.10 0.88
ZEEL 515.90 3.60 0.70
Top Losers
Company CMP Change % Chg
GRASIM 4809.00 -377.35 -7.28
ACC 1612.00 -68.70 -4.39
IDEA 93.00 -4.15 -4.27
AMBUJACEM 259.5 -11.00 -4.07
LUPIN 1543.60 -63.65 -3.69
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
ADHUNIKIND 177.00 0.65 0.37
ADVENZYMES 1459.0 -12.20 -0.83
AGRITECH 34.90 1.65 4.96
AIAENG 1103.00 36.40 3.41
ALBERTDAVD 333.00 2.95 0.89
APCOTEXIND 413.50 -4.55 -1.09
APTECHT 92.70 -0.50 -0.54
Indian Indices
Company CMP Change % Chg
NIFTY 8575.30 -102.95 -1.19
SENSEX 27774.88 -310.28 -1.10
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
BIRLACOT 0.05 0.05 100.00
BROADCAST 3.10 0.00 0.00
BSLIMITED 7.80 -.30 -3.70
DAILY REPORT 11
th AUGUST 2016
YOUR MINTVISORY Call us at +91-731-6642300
STOCK RECOMMENDATION [CASH]
SYNDICATE BANK [CASH]
On the daily chart of SYNDICATE BANK has shown down-side move yesterday session and has given breakout to near support level of 72 and closed near support only, thus stock is expected to give further downside move be-low this level. So we advise you to sell below 71 for the targets of 69.50-68.50 with stop loss above 72.50.
MACRO NEWS
Results: MRF, REC, Aditya Birla Nuvo, Grasim, Page In-dustries, Bank Of Baroda, IRB Infrastructure, Dhanlaxmi Bank, Godrej Industries, Granules India, Balrampur Chini, Aditya Birla Nuvo, Godrej Industries, Kesoram Industries, VIP Industries, PTC India, GE Shipping, Gujarat Pipavav Port, ICRA, IPCA Lab, JK Lakshmi Cement, Speciality Res-taurants, Coffee Day, PTC India, Amrutanjan Health, All-sec Tech, ABGShipyard, Arman Financial Serv, Ashapura Intimates Fashion, Asian Granito India, Asian Hotels, Bafna Pharma, Blue Blends, Butterfly Gandhimathi Appli-ances, FACT, Himadri Chemicals, Honda Siel Power, Ind-Swift Lab, ITI, Jindal Stainless Ltd, JMC Projects, Jyothy Lab, Kirloskar Ind, Krbl Ltd, Lt Foods, Mawana Sugars, Mm Forgings, JK Lakshmi Cement, Mukta Arts, Prime Focus, PunjabChemicals, Sanghvi Movers, SaurashtraCe-ment, STC, Stovec Ind, Sunil Health, Talwalkars Better, Tide Water Oil, Time Techno, Trent
Indian CPI inflation seen picking up in July on higher food prices
India, US push for $30mn energy storage research initia-tive
108 mobile towers found exceeding radiation limits Food ministry recommends stock limits on sugar mills,
suspending futures Car sales rise nearly 10% in July; passenger vehicles up
17% Aditya Birla Group plans to hive off financial services
arm from AB Nuvo Motherson Sumi Q1 profit, revenue up over 15%; debt
jumps 8%
STOCK RECOMMENDATIONS [FUTURE]
1. AUROPHARMA [FUTURE]
Last trading session AUROPHARMA Future show under pres-sure during the day. And closed with bearish candlestick on daily chart, while before last session stock made a low of 747.60 and respect major support level and closed near this level, So if the stock break support level, we may see sharp fall in this stock, we advise you to sell below 745 for the tar-get of 738-725 with stop loss of 757.
2.INFY [FUTURE]
Last trading session INFY future show positive strength in IT sector and close near major resistance with bullish candle-stick on daily chart. Stock open on flattish note but take a good recovery from lower level and closed near day high and since last session it rose with rising OI in long side . We may see sharp rise for that it will be good to buy above 1094 for the target of 1099-1110 with SL of 1080.
DAILY REPORT 11
th AUGUST 2016
YOUR MINTVISORY Call us at +91-731-6642300
FUTURES & OPTIONS
MOST ACTIVE CALL OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 8,700 46.25 3,09,639 52,48,950
NIFTY CE 8,800 22.00 2,44,620 64,07,025
BANKNIFTY CE 19,000 1.65 1,65,177 8,33,920
LUPIN CE 1,700 8.70 4,700 8,37,900
M&M CE 1,500 15.00 4,235 6,25,500
ICICIBANK CE 250 2.40 4,172 91,90,000
ICICBANK CE 260 1.15 3,788 82,35,500
ADANIPORTS CE 260 8.50 3,496 8,57,500
MOST ACTIVE PUT OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY PE 8,600 95.05 2,68,240 40,95,300
NIFTY PE 8,500 56.40 2,00,846 54,66,900
BANKNIFTY PE 18,600 45.00 1,37,815 3,14,800
LUPIN PE 1,600 70.50 3,164 3,10,500
LUPIN PE 1,500 20.35 2,556 1,80,900
LUPIN PE 1,550 41.25 2,449 1,79,100
M&M PE 1,400 10.70 2,427 2,80,000
SBIN PE 230 6.60 1,662 22,83,000
FII DERIVATIVES STATISTICS
BUY OPEN INTEREST AT THE END OF THE DAY SELL
No. of
Contracts Amount in
Crores No. of
Contracts Amount in
Crores No. of
Contracts Amount in
Crores NET AMOUNT
INDEX FUTURES 32438 2178.52 30759 2085.89 342469 22434.01 92.62
INDEX OPTIONS 690767 47499.63 694947 47861.73 1008606 65463.87 -362.10
STOCK FUTURES 89409 5995.58 99422 6571.75 886043 56990.50 -576.17
STOCK OPTIONS 72192 4863.80 72542 4883.60 86679 5668.48 -19.80
TOTAL -865.44
STOCKS IN NEWS SRF to invest Rs 345 cr for business expansion Ashoka Buildcon wins Rs 1,600 crore road project GE, L&T partner to manufacture subsea equipment Ashoka Buildcon wins Rs 1,600 crore road project in
Punjab from NHAI Tata Chemicals sells urea business to Yara Fertilisers City Union Bank Q1 profit rises 11% to Rs 124 crore Coal India anticipates higher sales as imported coal
and pet coke prices rise Reliance Jio hits back, accuses older telcos AirIndia inks pact with Spicejet for MRO facility M&M Q1 profit rises on higher SUV, truck sales Travelyaari raises $7 mn from GVFL, BCCL NIFTY FUTURE
NIFTY in yesterday trading session was bearish whole day. It lost around 135 points and closed with a bearish candlestick again with a good amount of volumes. RSI is also showing weakness. So we advise you to sell nifty from around 8630-8600 for the targets of 8550 and 8490 with strict stop loss of 8730
INDICES R2 R1 PIVOT S1 S2
NIFTY 8735.50 8655.40 8610 8529.90 8484.50
BANKNIFTY 19121.00 18884.00 18747.00 18510.00 18373.00
DAILY REPORT 11
th AUGUST 2016
YOUR MINTVISORY Call us at +91-731-6642300
COMMODITY ROUNDUP
Gold rose more than 1% on Wednesday as the dollar fell on lower expectations for a U.S. rate hike after weaker eco-nomic data, while platinum and palladium climbed to their highest in over a year. Spot gold had risen 1.1% to $1,354.44 an ounce by 0653 GMT, after gaining 0.4% in the previous session. U.S. gold was up 1% at $1,360.60 an ounce. Spot palladium surged 7.4% to $746.10 an ounce, the highest since June 2015. Platinum was up 2.4% at $1,177.80, after rising to $1,182.20, its loftiest in over 16 months. Platinum has risen over 32% so far this year, closely followed by palladium, which has gone up about 30%. Gold, meanwhile, climbed after a report that U.S. worker produc-tivity fell for a third straight quarter in the spring this year.
The steel product e-sale platform being developed by state-owned MSTC Limited will go live in September this year, Union steel minister Chaudhary Birender Singh said at a press conference on Wednesday. The company was cur-rently holding road shows for the e-trading platform. The platform would be “like the Flipkart for sale of finished and semi-finished steel products”, the official added. “We held a road show in Ludhiana last month. It will now be held in Bhubaneswar, Gurgaon and Delhi.
Copper recovered losses on Wednesday as the Dollar re-mained at four week lows and induced some bottom fishing during the day. China is responsible for more than 45% of copper demand and according to customs data released yesterday the country's imports of unwrought copper and copper products were 360000 tonnes during July. That's a 14.3% decline from June which was mostly ascribed to sea-sonal factors but shipment still showed a slight improve-ment compared to July 2015. For the first seven months refined imports are by nearly one-fifth at 3.1 million tonnes from the same period last year. Imports of refined metal hit a record 570000 tonnes in March.
Zambia's copper production climbed by 8 percent to 368371 tonnes in the first six months of this year from 340510 ton-nes in the same period last year, the country's chamber of mines said on Tuesday. Meanwhile, reflecting a jump in in-ventories of non-durable goods, the Commerce Department released a report on Tuesday unexpectedly showing an in-crease in U.S. inventories of wholesale goods in the month of June. The report said wholesale inventories rose by 0.3 percent in June following an upwardly revised 0.2 percent increase in May. Indian Copper prices trading at Rs 323 per kg, up 1.59%. The prices of Copper tested a high of Rs 323.40 per kg and a low of Rs 318.30 per kg.
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
BUY GOLD ABOVE 31420 TGT 31520 31720 SL 31300
SELL GOLD BELOW 31250 TGT 31150 30950 SL 31350
SILVER
TRADING STRATEGY:
BUY SILVER ABOVE 47365 TGT 47565 48265 SL 47165
SELL SILVER BELOW 46950 TGT 46750 46150 SL 47150
MCX
DAILY REPORT 11
th AUGUST 2016
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NCDEX
NCDEX INDICES
Index Value % Change
BARLEY 1537.50 +0.42
CHANA 8343 +0.63
CORIANDER 2445 +1.16
COTTON SEED 3567 +0.79
GUAR SEED 18400 +1.29
JEERA 1468 -0.34
MUSTARDSEED 4878 +1.82
REF SOYA OIL 637.75 +0.08
SUGAR M GRADE 3637 -1.46
TURMERIC 8402 -0.21
RECOMMENDATIONS
DHANIYA
BUY CORIANDER SEP ABOVE 8160 TARGET 8205 8305 SL
BELOW 8095
SELL CORIANDER SEP BELOW 8040 TARGET 7995 7895 SL
ABOVE 8105
GUARGUM
BUY GUARGUM OCT ABOVE 6480 TARGET 6530 6600 SL BELOW 6420
SELL GUARGUM OCT BELOW 6230 TARGET 6180 6110 SL ABOVE 6290
Jeera prices were up by 0.91% to Rs 18,330 per quintal in futures market today as participants raised their bets, driven by uptick in exports demand in the spot market. At the National Commodity and Derivatives Exchange, jeera for delivery in August shot up by Rs 165 or 0.91% to Rs 18,330 per quintal with an open interest of 2,559 lots. Also, the spice for delivery in September contracts trading higher by Rs 155 or 0.84% to Rs 18,650 per quintal in 21,348 lots. Widening of position by participants backed by rising exports demand in the spot market, mainly led to rise in jeera prices at futures trade.
Limited supplies in local mandies have supported coriander futures in yesterday's trading. The total daily arrivals of co-riander have been thin due to limited stocks . The daily arri-vals have been reported at 2500 bags against normal arri-vals of 8000 to 2500bags during this period. The most of the traders and stockiest have also reduced the daily supplies on the account of lower production in the previous year coupled with sharp decline in coriander prices in last three month. The NCDEX August futures swelled by 1.64 percent to close at Rs 8427 per quintal.
At the Multi Commodity Exchange, crude palm oil for deliv-ery in August edged up by 90 paise or 0.17% to Rs 537.20 per 10 kg in business turnover of 36 lots. Similarly, the oil for delivery in September contracts inched up by 10 paise or 0.02% to Rs 524.50 per 10 kg in 41 lots. Fresh positions built up by traders due to pick up in demand in the spot market amid a firm global trend mainly led to rise in crude palm oil prices at futures trade. Meanwhile, palm oil futures for October delivery advanced 1.5% to 2,475 ringgit a tonne on Bursa Malaysia Derivatives, the highest level for the most-active contract since June 15 in yesterday's trade
DAILY REPORT 11
th AUGUST 2016
YOUR MINTVISORY Call us at +91-731-6642300
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 66.744 Yen-100 65.840
Euro 74.379 GBP 87.041
CURRENCY
USD/INR
BUY USD/INR AUG ABOVE 66.98 TARGET 67.11 67.26 SL
BELOW 66.78
SELL USD/INR AUG BELOW 66.85 TARGET 66.72 66.57 SL
ABOVE 67.05
EUR/INR
BUY EUR/INR AUG ABOVE 74.86 TARGET 75.01 75.21 SL BE-
LOW 74.66
SELL EUR/INR AUG BELOW 74.8 TARGET 74.65 74.45 SL
ABOVE 75
CURRENCY MARKET UPDATES:
Indian rupee closed nearly 13 paise higher at higher at 66.72 against dollar on Wednesday on account of fresh selling of American currency by exports and banks. The sell-off in Indian equity market did not put any pressure on rupee. TheBSE Sensex closed 310 points down at 27774, while Nifty 50 index settled 102.95 points down at 8,575. Anindya Banerjee, currency analyst, Kotak Securities said, “Broad based weakness in US dollar against majors as well as EM currencies supported rupee on Wednesday. Local bonds continue to catch bids, with 10 year trading at 7.08 per cent, at multi-year lows. Volatility in USDINR has fallen to levels from where sharp increase in volatility have oc-curred in the past.” During the day, Indian currency touched a high of 66.66 and low of 66.78. On Tuesday, ru-pee closed marginally higher at 66.84 against previous close of 66.85 on account of selling of dollar by banks and exports.
Weak US data pulled the US dollar lower and supported Gold in turn. Gold rose from a one week low on bargain buying and a recovery in global crude oil prices. The metal had witnessed a sharp drop after excellent US nonfarm payrolls data on Friday, easing from its three week highs. The metal currently trades at $1360 per ounce, up 1% on the day. An increase in speculative longs is likely to keep losses curbed for the shiny metal. MCX Gold futures trade at Rs 31497 per 10 grams, up 0.72% on the day after hit-ting a high of Rs 31550 per 10 grams.
Meanwhile, the US dollar has been witnessing tepid moves this week after failing to hold under 1.1000 levels against the Euro. The greenback has dropped to 1.1200 levels right now. Dollar eased yesterday after the US Labour Depart-ment reported an unexpected decline in US labour produc-tivity in the second quarter. The report showed that pro-ductivity fell by 0.5% in the second quarter after falling by 0.6% in the first quarter. The unexpected drop in produc-tivity, a measure of output per hour, came as hours worked jumped by 1.8% in the second quarter after surg-ing up by 1.4% in the first quarter.
DAILY REPORT 11
th AUGUST 2016
YOUR MINTVISORY Call us at +91-731-6642300
Date Commodity/ Currency
Pairs Contract Strategy Entry Level Target Stop Loss Remark
09/08/16 NCDEX DHANIYA SEP. BUY 8170 8215-8315 8105 NOT EXCUTED
09/08/16 NCDEX DHANIYA SEP. SELL 7995 7995-7895 8105 NOT EXECUTED
09/08/16 NCDEX GUARGUM OCT. BUY 6380 6430-6500 6320 SL TIRGGERED
09/08/16 NCDEX GUARGUM OCT. SELL 6300 6250-6180 6360 1ST TARGET
09/08/16 MCX GOLD OCT BUY 31300 31400-31600 31200 1ST TARGET
09/08/16 MCX GOLD OCT. SELL 31200 31100-30900 31300 NOT EXCUTED
09/08/16 MCX SILVER SEPT. BUY 46450 46650-47250 46250 BOTH TARGETS
09/08/16 MCX SILVER SEPT. SELL 46200 46000-45400 46400 NOT EXCUTED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
09/08/16 NIFTY FUTURE BUY 8700-8720 8780-8850 8600 NOT EXECUTED
09/08/16 SBIN FUTURE BUY 233-234 238-242 229 OPEN
09/08/16 SUNPHARMA FUTURE SELL 830-827 810-800 838 1ST TARGET
09/08/16 EXIDE IND CASH BUY 179.60 181-183 178 1ST TARGET
DAILY REPORT 11
th AUGUST 2016
YOUR MINTVISORY Call us at +91-731-6642300
NEXT WEEK'S U.S. ECONOMIC REPORTS
ECONOMIC CALENDAR
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TIME REPORT PERIOD ACTUAL CONSENSUS
FORECAST PREVIOUS
MONDAY, AUG. 8
NON SCHEDULE
TUESDAY, AUG. 9
6 AM NFIB SMALL-BUSINESS INDEX JULY 94.5
8:30 AM PRODUCTIVITY 2Q -0.6%
8:30 AM UNIT LABOR COSTS 2Q 4.5%
10 AM WHOLESALE INVENTORIES JUNE 0.1%
WEDNESDAY, AUG. 10
10 AM JOB OPENINGS JUNE 5.5 MLN
2 PM FEDERAL BUDGET JULY
THURSDAY, AUG. 11
8:30 AM WEEKLY JOBLESS CLAIMS 8/5 N/A N/A
8:30 AM IMPORT PRICE INDEX JULY 0.2%
FRIDAY, AUG. 12
8:30 AM RETAIL SALES JULY 0.6%
8:30 AM RETAIL SALES EX-AUTOS JULY 0.7%
8:30 AM PRODUCER PRICE INDEX JULY 0.5%
10 AM CONSUMER SENTIMENT AUG. 90.0
10 AM BUSINESS INVENTORIES JUNE 0.2%