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Epic research special stock market report 26th aug 2016
1. DAILY REPORT
26
th
AUGUST 2016
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance
European equities fell on Thursday, dragged down by
weaker miners and drugmakers, with investors cutting their
exposure to riskier assets ahead of a key speech by Federal
Reserve Chair Janet Yellen on Friday. Although the Fed is
seen maintaining rates at its September meeting, expecta-
tions have risen that Yellen might indicate a clearer time-
frame for the next U.S. rate hike after this week's strong
housing data and hawkish comments by other Fed officials.
The pan-European STOXX 600 index closed 0.8% lower, also
weakened by a disappointing sentiment survey in Germany
and pulling back from a one-week high hit on Wednesday.
Asia opened lower on Friday, after most local markets re-
mained relatively flat throughout the week as traders
stayed on the sidelines, waiting for clues about US interest
rates from Jackson Hole. In Australia, the ASX 200 was
down 0.2 percent, with most sectors falling in early trade.
Japan's Nikkei 225 sold off 0.84 percent, after government
data released before market open showed the country's
consumer prices for July fell, prompting concerns over the
effectiveness of government stimulus. Across the Korean
Strait, the Kospi declined 0.58 percent. US stocks were
modestly lower on Thursday, weighed down by a drop in
healthcare and consumer names, while financials advanced
slightly after two more Fed officials pushed the case for a
rate hike. Healthcare stocks, down 0.8%, came under pres-
sure for a second straight day. St. Jude Medical shares fell
5% after short-selling firm Muddy Waters said it bet that
the shares would fall because of cyber security vulnerabili-
ties in the company's cardiac devices.
Previous day Roundup
A slide in the last two hours saw the Nifty slip below 8600
for first time in nine trading sessions dragged by global
cues and expiry jitters. The 50-share index ended down
58.10 points or 0.7 percent at 8592.20 while the Sensex
slipped 224.03 points or 0.8 percent at 27835.91. In August
series, Nifty closed down 0.9 percent while Sensex slipped
1.3 percent. Nifty Midcap index was up 2.7 percent and
BSE Small Cap index up 1.8 percent.
Index stats
The Market was very volatile in last session. The sartorial
indices performed as follow; Consumer Durables [up pts],
Capital Goods [down 100.91 pts], PSU [down30.45 pts],
FMCG [up 26.77 Pts], Realty [down 9.23 pts], Power [down
8.98 pts], Auto [down 126.74 pts], Healthcare [down 62.16
pts], IT [down 136.76 pts], Metals [down 143.37 pts], TECK
[down 79.43 pts], Oil& Gas [up 31.61 pts].
World Indices
Index Value % Change
DJI 18459.00 +0.06
S&P500 2174.75 +0.06
NASDAQ 5212.50 -0.11
FTSE100 6816.50 +0.01
NIKKEI 16409.79 -0.88
HANG SENG 22963.72 +0.65
Top Gainers
Company CMP Change % Chg
BHEL 141.20 4.40 3.22
BPCL 595.60 13.85 2.38
GAIL 373.20 7.65 2.09
ITC 253.00 2.75 1.10
HCLTECH 798.00 7.65 0.97
Top Losers
Company CMP Change % Chg
WIPRO 503.30 -16.85 -3.15
ADANIPORTS 262.30 -7.80 -2.89
IDEA 95.70 -2.65 -2.69
ZEEL 510.50 -11.30 -2.17
TECHM 457.25 -9.80 -2.10
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
AIFL 344.25 0.20 0.06
ASTEC 423.00 5.65 1.35
BEARDSELL 151.90 7.20 4.98
BIRLACOT 0.10 0.05 100.00
BODALCHEM 116.50 -1.35 -1.15
BRITANNIA 3,466.00 33.05 0.96
CCL 280.00 -0.80 -0.28
Indian Indices
Company CMP Change % Chg
NIFTY 8592.20 -58.10 -0.67
SENSEX 27835.91 -224.03 -0.80
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
BIRLACOT 0.10 0.05 100.00
GLAXO 3,005.00 -46.15 -1.51
KELLTONTEC 116.00 -12.90 -10.01
2. DAILY REPORT
26
th
AUGUST 2016
YOUR MINTVISORY Call us at +91-731-6642300
STOCK RECOMMENDATION [CASH]
ORIENTAL BANK [CASH]
On the daily chart ORIENT BANK OF COMMERCE has re-
vised from trendline support in previous sessions and is
trading near resistance level of 119, the stock has made
doji candlestick on daily chart yesterday session. So we
advise you to buy around 119-119.50 for the targets of
121 123 with stoploss below 117.
MACRO NEWS
Results today: Tata Motors
PFC ex date for 1:1 bonus. Adjusted F&O lot size of 6000
HCL tech to move into cloud automation and IP products
SBI and PNB on a drive to action properties Blackstone
sold 3.25% stake in NCC
DHFL to raise 10,000 cr via NCD
Karnataka Bank launches KBL SMARTz app built on uni-
fied payments interface
LIC Housing to issue NCDs and / or other hybrid instru-
ments up to Rs47k cr
Gujarat Sidhee Cement: Seeks Shareholders Nod To Give
SERI Infra Option To Convert Its Defaulted Loan Into Eq-
uity
Solid waste from Ghazipur site to help make national
highway
Cable cos bringing own OTT services amid competition
Steel Ministry seeks higher supply of coking coal
India's GDP to expand by 7.9% this financial year
Make vehicle scrapping mandatory, start with heavy ve-
hicles
Indian start-up Witworks raises funding to build smart-
watch
Natco Pharma gets EIR from USFDA for Chennai facility
Welspun scandal follows years of plummeting Egyptian
cotton output
Patanjali to overhaul supply chain to meet growth tar-
gets
RBI issues clarification on S4A norms for NPAs to banks
Idea has earmarked Rs 15,000cr for spectrum auction
ICRA pegs first quarter GDP growth flat at 7.2%
STOCK RECOMMENDATIONS [FUTURE]
1. SUNPHARMA [FUTURE]
Last trading session SUNPHARMA Future show under pres-
sure during the day.And closed near to major support level
with bearish candlestick in daily chart,while before last ses-
sion stock it rose with rising OI in short side, we may seen
sharp fall this stock ahead,we will advise to sell below 765
for the target of 758-748 with stop loss of 776.
2. ASIANPAINTS[FUTURE]
ASIANPAINT in last trading session show some pressure at
higher level and closed near major support level with a bear-
ish candlestick on daily chart,and last session asianpaint fu-
ture open flate but after that profit booking at higher level
and have a correct around 20 points at higher level but take
support 1111 level. So We advise you to sell below 1110 for
the targets of 1100-1090 with strict stop loss of 1123.
3. DAILY REPORT
26
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 0.05 9,48,506 81,41,250
NIFTY CE 8,650 0.05 6,86,299 54,49,425
BANKNIFTY CE 19,500 0.05 2,91,069 14,77,400
SBIN CE 255 0.05 9,653 38,97,000
SBIN CE 260 0.05 7,215 66,12,000
RELCAPITAL CE 500 0.05 6,306 13,69,500
AUROPHRM CE 800 0.05 6,213 7,25,900
ICICIBANK CE 250 0.05 5,110 48,22,500
MOST ACTIVE PUT OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY PE 8,600 8.50 11,70,328 22,93,575
NIFTY PE 8,650 59.15 5,93,048 8,39,175
BANKNIFTY PE 19,300 0.25 3,66,208 4,65,680
SBIN PE 250 0.10 10,505 49,98,000
MARUTI PE 4,900 0.05 3,594 68,850
SBIN PE 255 4.70 3,370 11,61,000
INFY PE 1,040 2.60 2,837 1,99,000
RELIANCE PE 1,020 2.00 2,414 2,57,000
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 104749 7135.85 90632 6193.54 343897 22720.99 942.31
INDEX OPTIONS 692228 47416.84 693590 47524.16 751220 48615.18 -107.32
STOCK FUTURES 332992 22084.09 358773 23647.89 799991 52381.40 -1563.81
STOCK OPTIONS 37297 2602.07 35605 2497.24 2842 180.89 104.82
TOTAL -623.99
STOCKS IN NEWS
Tata Power consumer base crosses 2 mn mark
IOC to consider issuing bonus shares to shareholders
HDFC to issue NCDs worth Rs 500 cr tomorrow
IL&FS Transportation to sell APEL for Rs 140 cr
Ramco Systems’ arm bags order in APAC
PNC Infratech Q1 net jumps over 2-fold to Rs 54.20 cr
AstraZeneca Pharma tanks 8% on termination of ser-
vices for Meronem
DHFL raise Rs 10,000cr via NCDs, issue open on Aug 29
IDBI Bank opts for AT-1 bonds to raise Rs 1,500 cr
NIFTY FUTURE
NIFTY in last trading session saw selling pressure and
remained bearish through out the day and also closed
with the indications of more bearishness. RSI is also indi-
cating weakness in the market. So we advise you to sell
Nifty below 8600 for the targets of 8580 and 8500 with
strict stop loss of 8720
INDICES R2 R1 PIVOT S1 S2
NIFTY 8719.00 8655.60 8619.60 8556.20 8520.20
BANKNIFTY 19489.00 19396.00 19339.00 19246.00 19189.00
4. DAILY REPORT
26
th
AUGUST 2016
YOUR MINTVISORY Call us at +91-731-6642300
COMMODITY ROUNDUP
Gold continued to extend losses today. India's precious met-
als imports continued to drop. The country imported Gold
worth Rs 7245.93 Crores in July 2016, down 61.61% on year.
Silver imports stood at Rs 366.82 Crores, down nearly 80%.
In Dollar terms, Gold imports tumbled 63.55% to $1078.14
Million while Silver purchases crashed 80.24% to $54.58
Million. COMEX Gold is down 0.54% at $1322 per ounce.
These are the lowest levels in last one month for the
counter. MCX Gold is also off 0.41% at 30920 per 10 grams,
breaking well below Rs 31K.
Oil prices edged down again in Asian trade today, a day af-
ter suffering hefty losses in response to data showing a sur-
prise jump in US stockpiles, while hopes for a deal to limit
output were dealt a blow. The US energy department said
Wednesday that inventories soared 2.5 million barrels last
week, confounding forecasts for a fall and fanning worries
about a global supply glut. Both main contracts plunged on
the news, with West Texas Intermediate (WTI) shedding 2.8
per cent and Brent down 1.8 per cent Wednesday.
Copper prices fell to eight-week lows on Wednesday as ris-
ing inventories in Asian warehouses fueled fears about
weaker demand ahead in top consumer China. A stronger
dollar, eroding the purchasing power of commodity buyers
outside the US, and slide in oil prices also pressured indus-
trial metals prices. The rise in mine supply in the first half of
the year came mostly from Peru, much of it ending up in
China to be processed into refined metal by local smelters.
Chinese imports of copper ores and concentrates from Peru
nearly doubled to more 2.43 million tons in the seven
months to July. In May, buyers in China stocked up on the
metal following a price tumble as China's stimulus measures
raised the country's growth prospects.
According to the India Ministry of plan implementation and
statistics in June, India's forecast industrial production index
rose 2.1% year on year. In June this year, India's manufac-
turing production index rose 0.9% year on year; industrial
output of the basic metals industry rose 4.3% year on year;
index of output of metal products (except machinery and
equipment) rose by 8.3% year on year. On the other hand,
India's June output value of motor vehicles, trailers and
semi-trailers increased 8.8% year on year. India MCX Copper
was trading at Rs 308.40 per kg, down 0.08%. The prices
was trading at Rs 309.9 per kg, and low of Rs 308.10 per kg.
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
BUY GOLD ABOVE 31000 TGT 31100 31300 SL 30900
SELL GOLD BELOW 30800 TGT 30700 30500 SL 30900
SILVER
TRADING STRATEGY:
BUY SILVER ABOVE 44510 TGT 44710 45310 SL 45310
SELL SILVER BELOW 43510 TGT 43310 42710 SL 43710
MCX
5. DAILY REPORT
26
th
AUGUST 2016
YOUR MINTVISORY Call us at +91-731-6642300
NCDEX
NCDEX INDICES
Index Value % Change
BARLEY 1530 -1.45
CORIANDER 7762 +0.12
COTTON SEED 2373 -1.66
GUAR SEED 3539 -2.53
JEERA 17905 -2.29
MAIZE 1491 +0.88
MUSTARDSEED 4643 -1.13
REF SOYA OIL 651.25 -1.03
SUGAR M GRADE 3468 -0.14
TURMERIC 7430 +0.16
RECOMMENDATIONS
DHANIYA
BUY CORIANDER SEP ABOVE 7830 TARGET 7875 7975 SL
BELOW 7765
SELL CORIANDER SEP BELOW 7730 TARGET 7685 7585 SL
ABOVE 7795
GUARGUM
BUY GUARGUM OCT ABOVE 6410 TARGET 6460 6530 SL
BELOW 6350
SELL GUARGUM OCT BELOW 6320 TARGET 6270 6200 SL
ABOVE 6380
A sharp increase in the realisation from sugar and ethanol
helped sugar mills post stellar profit for the April-June quar-
ter this year. The trend is likely to continue in coming quar-
ters as well on expectations of huge inventories of sugar
and ethanol, the two sectors contributing over 90 per cent
of sugar companies' turnover. Uttar Pradesh-
based Balrampur Chini posted a net profit of Rs 110.7 crore
for the quarter ended June '16 compared with a net loss of
Rs 70.4 crore reported in the corresponding quarter last
year. Profit of Sakthi Sugars also shot up to Rs 79 crore in
the April-June quarter of the current year from a loss of Rs
22.8 crore in the same period last year.
Stockiest selling was seen in mustard seed futures on the
account of strong sowing progress of kharif oilseeds along
with weak mustard meal export demand. As per official
data, the overall sowing acreage of kharif oilseeds has been
reported at 149.60 lakh hectares , up 6 % from last year.
Moreover, weakness in mustard meal oilseeds also added
selling in local mandies. As per the latest release from Sol-
vent Extractors' Association of India , the export of oilmeals
during July 2016 is reported at 0.46 lakh tons compared to
0.80 lakh tons of the last year in the same period. The
NCDEX August futures declined by 1.15 percent to settle at
Rs 4625 per quintal.
Pulses production might touch a record 20 mt in 2016-17,
the highest since 1957, since sowing area is up 35 per cent
from last year in the ongoing kharif season. Encouraged by
better returns, farmers have diverted area to pulses from
rice, coarse grains and soyabean in many states. A rise of Rs
600 a quintal in the average Minimum Support Price (MSP)
for pulses has played a major role in this.
6. DAILY REPORT
26
th
AUGUST 2016
YOUR MINTVISORY Call us at +91-731-6642300
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 67.087 Yen-100 66.840
Euro 75.594 GBP 88.656
CURRENCY
USD/INR
BUY USD/INR AUG ABOVE 67.08 TARGET 67.21 67.36 SL BE-
LOW 66.88
SELL USD/INR AUG BELOW 67.05 TARGET 66.92 66.77 SL
ABOVE 67.25
EUR/INR
BUY EUR/INR AUG ABOVE 75.71 TARGET 75.86 76.06 SL BE-
LOW 75.51
SELL EUR/INR AUG BELOW 75.67 TARGET 75.52 75.32 SL
ABOVE 75.87
CURRENCY MARKET UPDATES:
Indian rupee closed with gains of 5 paise at 67.05
against the US dollar at the Interbank Foreign Ex-
change (Forex) market on Thursday following selling
of American currency by exporters and banks. It
opened at 67.08 level . The local currency had ended
at 67.10 on Wednesday. Domestic equity markets
failed to mainatin their early gains and closed lower
on profit booking on F&O expiry day. Investors also
turned cautious awaiting US Federal Reserve chair
Janet Yellen’s speech, which could provide a clue on
further interest rates hike or cut. Sensex ended at
27,835.91 by falling 224.03 points, while NSE Nifty
ended below 8,600 level and settled at 8,592.20 by
falling 58.10 points.
India rupee hovered in 67.0137 and 67.1087 range on
Thursday. Dollar’s weakness against emerging market
currencies also supported the rupee as world central
bank heads gather in Jackson Hole, Wyoming for an
annual meeting. Yellen is expected to offer new point-
ers on US monetary policy at the meeting. Recent
hawkish statements by Fed officials including Vice
Chairman Stanley Fischer and New York Fed President
William Dudley have made some investors to hope
that US interest rates will rise sooner rather than
later, and some believe Yellen could echo their sig-
nals.
The dollar slipped lower against the other major cur-
rencies on Thursday, as investors grew more and
more cautious ahead of Federal Reserve Chair Janet
Yellen's highly-awaited speech on Friday. EUR/USD
rose 0.21% to 1.1288.
8. DAILY REPORT
26
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. 22
NONE SCHEDULED
TUESDAY, AUG. 23
9:45 AM MARKIT PMI (FLASH) AUG. 52.9
10 AM NEW HOME SALES JULY 592,000
WEDNESDAY, AUG. 24
10 AM EXISTING HOME SALES JULY 5.57 MLN
THURSDAY, AUG. 25
8:30 AM WEEKLY JOBLESS CLAIMS 8/20 N/A N/A
8:30 AM DURABLE GOODS ORDERS JULY -3.9%
8:30 AM CORE CAPITAL GOODS ORDERS JULY -- 0.4%
9:45 AM MARKIT SERVICES PMI (FLASH) AUG. -- 51.4
FRIDAY, AUG. 26
8:30 AM GROSS DOMESTIC PRODUCT 2Q 1.2% (2Q)
8:30 AM ADVANCE TRADE IN GOODS JULY -$63.3BLN
10 AM CONSUMER SENTIMENT AUG. 90.4 (AUG.)
TBA JANET YELLEN SPEECH, JACKSON HOLE