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Epic research special report of 30 may 2016
1. DAILY REPORT
30
th
MAY 2016
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance
Wall Street rose on Friday and capped off its strongest
week since March after US Fed Chair said an interest-rate
hike would likely be appropriate "in the coming months."
While higher interest rates choke liquidity in stock markets,
many investors see a potential rate hike. All of the 10 major
S&P sectors rose, with the telecom and financial indexes
leading the gainers.
The DJI average climbed 0.25% to end at 17,873.22pts and
the S&P 500 gained 0.43% to 2,099.06. Nasdaq added
0.65% to 4,933.51. For the week, the S&P 500 rose 2.3%
and Dow added 2.1%, the best weekly performance for
both since March. The Nasdaq gained 3.4% for the week,
its best weekly result since Feb. For 2016, the S&P 500 is up
2.7%. Friday's volume was muted as investors checked out
ahead of a long weekend, with US stock markets closed on
Monday for the Memorial Day holiday.
European shares were steady on Friday, propped up by the
Swiss stock market and pharmaceuticals companies after
drugmaker Roche climbed on positive results for one of its
products. The pan-European STOXX 600 and FTSEurofirst
300 equity indexes both rose 0.2 percent.
Previous day Roundup
Equity benchmarks rallied for 4th-consecutive session on
Friday with the Nifty ending at 7-month high, driven by
banking & financials & healthcare stocks and Reliance In-
dustries. The market ended with super gains boosted by
index heavyweights. Likely improvement in asset quality in
FY17 after sharp deterioration in past years and hopes of
good monsoon & further recovery in economy may have
lifted sentiment that boosted Sensex 1400pts in last four
sessions. The Sensex surged 286.92pts or 1.09% to
26653.60 and Nifty climbed 87% or 1.08% to 8156.65.
About 1401 shares have advanced, 1173 shares declined,
and 189 shares are unchanged. The markets outperformed
benchmarks with BSE Midcap index gaining 1.4%.
Index stats
The Market was very volatile in last session. The sartorial
indices performed as follow; Consumer Durables [up
0.31pts], Capital Goods [up 70.38pts], PSU [up 100.92pts],
FMCG [down 0.998Pts], Realty [up 21.13pts], Power [up
9.33pts], Auto [up 173.47pts], Healthcare [up 365.26pts], IT
[up 104.76pts], Metals [up 89.32Pts], TECK [up 52.05pts],
Oil& Gas [up 244.13pts].
World Indices
Index Value % Change
DJI 17873.22 +0.25
S&P500 2099.06 +0.43
NASDAQ 4933.50 +0.65
FTSE100 6270.79 +0.08
NIKKEI 16834.84 +0.37
HANG SENG 20576.77 +0.88
Top Gainers
Company CMP Change % Chg
SBIN 201.30 17.15 9.31
BPCL 1,005.40 78.4 8.48
SUNPHARMA 828.00 48.65 6.24
BANKBARODA 140.20 5.35 3.97
ADANIPORTS 191.55 6.75 3.65
Top Losers
Company CMP Change % Chg
ONGC 212.60 3.45 -1.60
TATAPOWER 72.55 1.10 -1.49
TECHM 535.00 7.30 -1.35
INFRATEL 385.90 4.25 -1.09
IDEA 112.65 1.15 -1.01
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
ACC 1,525.15 21.10 1.40
ASIANPAINT 996.75 4.90 0.49
BIOCON 700.80 43.50 6.62
BPCL 1,005.40 78.60 8.48
HDFCBANK 1,181.35 -1.90 -0.16
INDUSINDBK 1,103.40 -0.50 -0.05
M&MFIN 324.10 4.75 1.49
Indian Indices
Company CMP Change % Chg
NIFTY 8156.65 +87.00 +1.08
SENSEX 26653.60 +286.92 +1.09
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
IPCALAB 437.40 -4.55 -1.03
RAIREKMOH 90.10 -3.55 -3.79
2. DAILY REPORT
30
th
MAY 2016
YOUR MINTVISORY Call us at +91-731-6642300
STOCK RECOMMENDATION [CASH]
CASH
On daily chart KITEX GARMENTS takes reversal from the
major trend line support level of 440.40 in previous ses-
sions and made a positive move yesterday rose with de-
cent volume, for this it is expected to give a good upside
move for today after breaking the near resistance level of
461.85.So we advise to buy above 462 for the targets of
469 472 with stop loss below 455.
MACRO NEWS
February sale over; like PSU oil cos, pvt banks, FMCG:
Kotak AMC
Operating profit margins grow 13-15% in FY17: Mphasis
Eyeing robust capex of Rs 6300 crore in FY17: HPCL
TWU and Tata Steel ink agreement on implementing
World Class
RBI to infuse Rs 15,000 cr liquidity next week
IOC 2nd most profitable PSU; posts Rs 10,399cr profit in
FY16
Maruti recalls over 77k Balenos, DZires to fix airbag, fil-
ter
Maruti Suzuki to recall over 77,000 Balenos, DZires for
possible faults with airbags, fuel filter
United Spirits writes off Rs 566 crore from Vijay Mallya’s
UB Group companies
Titagarh wagons with French Matiere in 50:50 venture to
make and sell metallic bridges
States discuss deferment of e-auction of mineral blocks
at meeting of state mining ministers
Everest Steel Building Solutions releases pre-engineered
building technology technical manual
GAIL reconfigures Rs 12,000 crore Jagdishpur-Haldia gas
pipeline
Sun Pharma ends Daiichi umbrella pact
Jubilant Life signs $180 mn outlicensing deal with Check-
point
Torrent Pharma in talks to buy Glochem Industries for Rs
300 crore
RIL, BP on way to end dispute with government
MEP Infra wins proj from NHAI in Gujarat at Rs 643 cr bid
cost
STOCK RECOMMENDATIONS [FUTURE]
1. MARUTI [FUTURE]
Last trading session MARUTI future show again good
strength and close near day high with bullish candlestick in
daily chart. since last day stock move in narrow range but
last day stock close near major resistance level. We may see
sharp rise for that it will be good to buy above 4185 for the
target of 4200-4220-4250 with SL of 4150.
2. TATAMOTORS [FUTURE]
Last trading session TATAMOTORS future show good
strength and close near day high with bullish candlestick in
daily chart. since last session it rose with rising OI in long
side at and last day stock cross major resistance level. We
may see sharp rise for that it will be good to buy above 408
for the target of 412-417 with SL of 402
3. DAILY REPORT
30
th
MAY 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 8,200 120.00 2,48,718 33,34,275
NIFTY CE 8,400 45.70 1,50,891 30,51,475
BANKNIFTY CE 18,000 197.10 32,777 2,46,480
SBIN CE 200 9.60 18,574 42,40,000
SBIN CE 180 22.30 4,966 26,56,000
RELIANCE CE 1,000 16.40 4,132 10,67,500
SBIN CE 230 1.65 3,465 12,52,000
LT CE 1,500 42.60 3,354 4,33,800
MOST ACTIVE PUT OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY PE 8,000 77.85 1,91,759 38,76,700
NIFTY PE 7,900 54.50 1,49,551 37,90,050
BANKNIFTY PE 17,000 214.00 25,359 2,24,220
SBIN PE 180 3.55 12,692 47,62,000
SBIN PE 165 1.50 3,271 16,18,000
RELIANCE PE 940 9.05 3,092 3,62,500
LT PE 1,400 19.90 2,551 3,96,300
SBIN PE 150 0.55 2,301 18,96,000
FII DERIVATIVES STATISTICS
BUY OPEN INTEREST AT THE END OF THE DAYSELL
No. of
Contracts
Amount in
Crores
No. of
Contracts
Amount in
Crores
No. of
Contracts
Amount in
Crores
NET AMOUNT
INDEX FUTURES 81911 4854.25 45704 2691.77 281850 16906.85 2162.48
INDEX OPTIONS 561600 33648.50 530694 31739.14 783886 47644.47 1909.36
STOCK FUTURES 126995 6365.50 106672 5351.40 981776 48310.54 1014.10
STOCK OPTIONS 90119 4063.97 87671 3947.81 35754 1746.60 116.16
TOTAL 5202.09
STOCKS IN NEWS
BHEL Q4 profit falls 60% to Rs 360cr, other income sup-
ports
Power Grid may rise 13-23% as Q4 capitalization ex-
ceeds capex
Booster dose: Lupin unit gets US FDA clearance
SBI Q4 net tanks 66%, provisions up 143%, slippages at
Rs 30313cr
BPCL at record high, up 10%; OMCs rally as analysts bet
on GRM recovery
Canara Bank post Q4 loss Rs 3905 cr on 6-fold jump in
provisions
NIFTY FUTURE
NIFTY FUTURE in last trading session rallied up and bro-
ken the resistance of 8125, bulls had taken complete
control and banks helped Nifty end at fresh 2016 closing
high. And this rally seems to continue till 8280. So we
advise you to buy Nifty Future only above 8185 for the
targets of 8250 and 8350 With strict stop loss of 8100
INDICES R2 R1 PIVOT S1 S2
NIFTY 8219.80 8188.20 8132.60 8101.00 8145.40
BANKNIFTY 17676.00 17593.00 17460.00 17377.00 17244.00
4. DAILY REPORT
30
th
MAY 2016
YOUR MINTVISORY Call us at +91-731-6642300
COMMODITY ROUNDUP
Oil futures dipped further in early Asian trade on Friday,
finding resistance at the $50 a barrel mark as investors wor-
ried higher prices could reactivate shuttered crude output,
adding to global oversupply. Oil pushed through $50 for the
first time in around seven months on Thursday as supply
disruptions from Canadian wildfires and attacks in Libya and
West Africa have helped cut daily output by 4 million bar-
rels. Increased demand and a weaker dollar helped support
prices. US crude fell seven cents to $49.41 a barrel as of
0033 GMT after settling down eight cents in the previous
session. It touched $50.21 earlier on Thursday, its highest
since early October. Brent fell nine cents to $49.50. Brent
closed down 15 cents, retreating from $50.51, its highest
since early Nov.
Copper rose on Friday, helped by a rebound in China steel,
but expectations that a likely hike in U.S. interest rates in
the next two months will boost the dollar kept prices on
track for their worst month in half a year. MCX Copper
tested a high of Rs 315.90 per kg, the prices were trading at
Rs 315.1 per kg. Concerns about faltering growth in top
metals user China pressured copper. Profit growth at
China's industrial firms slowed in April, in line with other
data for the month which suggested the economy may be
losing steam again after picking up earlier in the year.
Meanwhile, Chinese zinc miners and smelters cranked up
output in March after prices rallied, raising questions over
the market's bullish outlook by potentially delaying global
shortages. ShFE zinc was caught in steel's updraft, rising 2
percent.
Gold prices today crashed Rs 355 to break below the Rs
29,000 mark at Rs 28,870 per 10 grams an over 3-month
low in line with a weak trend overseas amid sluggish de-
mand from jewellers at the domestic spot market. Sil-
ver also dropped Rs 530 to Rs 39,070 per kg due to poor off-
take by industrial units and coin makers. Besides a weak
trend overseas due to anticipation of higher borrowing
costs in the US, a fall in demand from jewellers and retailers
pulled down both gold and silver prices. Globally, gold fell
0.13% to $1,217.90 an ounce in Singapore. An appreciat-
ing rupee against the dollar, which made imports
of precious metals cheaper, weighed. Following gold, silver
ready fell Rs 530 to Rs 39,070 per kg and weekly-based de-
livery Rs 525 to Rs 39,020 per kg. Silver coins too plum-
meted Rs 1,000 to Rs 66,000 for buying and Rs 67,000 for
selling of 100 pieces.
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
BUY GOLD JUNE ABOVE 28900 TGT 29000-29150 SL BELOW
28770
SELL GOLD JUNE BELOW 28500 TGT 28400-28200 SL ABOVE
28640
SILVER
TRADING STRATEGY:
BUY SILVER JULY ABOVE 39130 TGT 39330-39630 SL BELOW
38800
SELL SILVER JULY BELOW 38750 TGT 38550-38200 SL
ABOVE 39000
MCX
5. DAILY REPORT
30
th
MAY 2016
YOUR MINTVISORY Call us at +91-731-6642300
NCDEX
NCDEX INDICES
Index Value % Change
BARLEY 1551.5 -0.10
CHANA 6101 +0.25
CORIANDER 6875 +0.19
COTTON SEED 2340 +2.27
GUAR SEED 3169 +3.97
JEERA 16200 +0.50
MUSTARDSEED 4439 +0.91
REF SOYA OIL 647.8 +1.10
SUGAR M GRADE 3536 +0.60
TURMERIC 8016 -1.06
RECOMMENDATIONS
DHANIYA
BUY CORIANDER JUN ABOVE 6920 TARGET 6965 7065 SL
BELOW 6855
SELL CORIANDER JUN BELOW 6800 TARGET 6755 6655 SL
ABOVE 6865
GUARGUM
BUY GUARGUM JUN ABOVE 5350 TARGET 5400 5470 SL
BELOW 5290
SELL GUARGUM JUN BELOW 5250 TARGET 5200 5130 SL
ABOVE 5310
As per latest update from Russia Agriculture Minister, the
country is going to harvest some 106 million metric tons of
grain in 2016 .Russia harvested 104.8 million metric tons of
grain in 2015.
The water storage available in 91 major reservoirs of the
country for the week ending on May 26, 2016 was 26.816
BCM which is 17% of total storage capacity of these reser-
voirs. This was 55% of the storage of corresponding period
of last year and 79% of storage of average of last ten years.
The total storage capacity of these 91 reservoirs is 157.799
BCM which is about 62% of the total storage capacity of
253.388 BCM which is estimated to have been created in
the country. 37 Reservoirs out of these 91 have hydro-
power benefit with installed capacity of more than 60 MW.
States having better storage than last year for correspond-
ing period are Tripura, Rajasthan and Andhra Pradesh.
States having lesser storage than last year for correspond-
ing period are Himachal Pradesh, AP&TG (Two combined
projects in both states), Punjab, West Bengal, Jharkhand,
Odisha, West Bengal, Gujarat, Maharashtra, Uttar Pradesh,
Uttarakhand, Madhya Pradesh, Chhattisgarh, Telangana,
Tamil Nadu, Karnataka and Kerala.
Steady buying was seen in jeera market due to of strong
export demand from China and Bangladesh. The sources
stated that Bangladesh government has removed import
duties from jeera which raises the exporter's inquiries in
local mandi. Moreover, strong export orders from china due
to limited stocks have also added gains in jeera physical
market. The NCDEX June Jeera futures swelled by
0.75percent to close at Rs 16195 per quintal.
6. DAILY REPORT
30
th
MAY 2016
YOUR MINTVISORY Call us at +91-731-6642300
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 67.0613 Yen-100 61.1200
Euro 75.0885 GBP 98.3923
CURRENCY
USD/INR
BUY USD/INR JUN ABOVE 67.48 TARGET 67.61 67.76 SL BE-
LOW 67.28
SELL USD/INR JUN BELOW 67.28 TARGET 67.15 67 SL ABOVE
67.48
EUR/INR
BUY EUR/INR JUN ABOVE 75.82 TARGET 75.97 76.17 SL BE-
LOW 75.62
SELL EUR/INR JUN BELOW 75.32 TARGET 75.17 74.97 SL
ABOVE 75.52
CURRENCY MARKET UPDATES:
Extending its gains for the third straight day, the rupee to-
day appreciated by 14 paise against the American currency
to end at one-week high of 67.03 on the back of robust
dollar inflows in equities. The domestic currency was fur-
ther supported by unwinding of long-dollar positions by
speculators and exporters. At the Interbank Foreign Ex-
change (Forex) market, the domestic unit opened firmly
higher at 67.02 compared to Thursday's finish of 67.17 on
sustained dollar selling by banks and exporters. But it failed
to maintain early momentum and retreated to touch a in-
tra-day low of 67.12 in mid-morning deals on fresh bouts
of dollar demand. However, rupee staged a dramatic re-
covery in afternoon to reclaim the significant 66-mark to
hit a high of 66.95 before ending the session at 67.03, re-
vealing a smart gain of 14 paise, or 0.21 per cent. It has
recovered 72 paise in three sessions.
In cross-currency trades, the rupee continued to rule firm
against the pound sterling and ended at 98.19 compared
to 98.79 yesterday and recovered against the euro to con-
clude at 74.85 from 75.10 earlier. The rupee on the other
hand fell back against the yen to settle at 61.12 per 100
yens compared to 61.06. During the week, Indian ru-
pee appreciated marginally by 0.51 per cent to 67.06
against dollar on May 27 from 67.40 on May 20.
The U.S. dollar index hit a two-month high and U.S. bond
prices fell on Friday after Federal Reserve Chair Janet
Yellen said a U.S. interest rate hike will likely be appropri-
ate in the coming months. Although they briefly trimmed
gains on Yellen's remarks, U.S. stocks ended higher and the
S&P 500 capped off its strongest week since March. MSCI's
all-country world stock index .MIWD00000PUS had its best
weekly performance since mid-April. The U.S. dollar index
hit a two-month high and U.S. bond prices fell on Friday
after Federal Reserve Chair Janet Yellen said a U.S. interest
rate hike will likely be appropriate in the coming months.
Although they briefly trimmed gains on Yellen's remarks,
U.S. stocks ended higher and the S&P 500 capped off its
strongest week since March. MSCI's all-country world stock
index .MIWD00000PUS had its best weekly performance
since mid-April.
7. DAILY REPORT
30
th
MAY 2016
YOUR MINTVISORY Call us at +91-731-6642300
Date
Commodity/ Currency
Pairs
Contract Strategy Entry Level Target Stop Loss Remark
27/05/16 NCDEX DHANIYA JUNE BUY 6920 6965-7065 6855 NOT EXECUTED
27/05/16 NCDEX DHANIYA JUNE SELL 6800 6755-6655 6865 NOT EXECUTED
27/05/16 NCDEX GUARGUM JUNE BUY 5200 5250-5320 5140 BOOKED FULL PROFIT
27/05/16 NCDEX GUARGUM JUNE SELL 5100 5050-4980 5160 SL TRGGERED
27/05/16 MCX GOLD JUNE BUY 28820 28920-29000 28700 SL TRGGERED
27/05/16 MCX GOLD JUNE SELL 28700 28600-28500 28805 SL TRGGERED
27/05/16 MCX SILVER JUNE BUY 39200 39400-39600 38995 NOT EXECUTED
27/05/16 MCX SILVER JUNE SELL 38995 38800-38600 39205 BOOKED PROFIT
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
27/05/16 NIFTY FUTURE BUY 8075 8150-8250 7950 BOOKED PROFIT
27/05/16 TECHM FUTURE BUY 550 555-560 544 NOT EXECUTED
27/05/16 YESBANK FUTURE BUY 1020 1025-1035 1012 BOOKED PROFIT
27/05/16 KEC CASH BUY 140 142.5-143.5 138.2 CALL OPEN
8. DAILY REPORT
30
th
MAY 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, MAY 23
9:45 AM MARKIT PMI FLASH MAY -- 50.8
TUESDAY, MAY 24
10 AM NEW HOME SALES APRIL 523,000 511,000
WEDNESDAY, MAY 25
8;30 AM ADVANCE TRADE IN GOODS APRIL -$61.2 BLN -$56.9 BLN
THURSDAY, MAY 26
8:30 AM WEEKLY JOBLESS CLAIMS MAY 21 -- --
8:30 AM DURABLE GOODS ORDERS APRIL -0.1% 0.8%
10 AM PENDING HOME SALES APRIL 1.0% 1.4%
FRIDAY, MAY 27
8:30 AM GDP REVISION 1Q 0.8% 0.5%
10 AM CONSUMER SENTIMENT MAY -- 95.8