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DAILY REPORT
17
th
OCTOBER 2016
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance
US stocks ended little changed on Friday, losing ground late
after Federal Reserve Chair Janet Yellen's comments on the
economy unnerved investors. Financial shares finished up,
giving the S&P 500 its biggest boost after stronger-than-
expected bank results, but gave up most of their early
gains. Healthcare shares led declines. Yellen, in a speech at
a conference of policymakers and academics, laid out the
deepening concern at the Fed that US economic potential
is slipping - and may need aggressive steps to rebuild it.The
Dow Jones industrial average closed up 39.44 points, or
0.22 percent, to 18,138.38, the S&P 500 gained 0.43 points,
or 0.02 percent, to 2,132.98 and the Nasdaq Composite
added 0.83 points, or 0.02 percent, to 5,214.16. For the
week, the Dow was down 0.6 percent, the S&P 500 was
down 1 percent and the Nasdaq fell 1.5 percent.
European shares rose on Friday to claw back ground lost in
the previous session, with banking stocks outperforming,
while hedge fund Man Group also surged higher. The pan-
European STOXX 600 index rose 1.3 percent, after touching
during the previous session a three-month low. The index
however remains down by around 7% so far in 2016, but
Clairinvest fund manager Ion-Marc Valahu backed having a
"long" position to bet on more gains for European stocks.
Expectations that Deutsche Bank would reach a settlement
with U.S. authorities over alleged mis-selling of mortgage
backed securities as one reason for this. Deutsche Bank
shares rose 2%, and Valahu also cited expectations that
Italy would fix problems with its struggling banks as a fur-
ther reason to stay upbeat on European stocks.
Previous day Roundup
Equity benchmarks ended rangebound session on a flat
note despite strong global cues Friday but lost over a per-
cent for the week. Oil, infra and banks stocks supported the
market but the weakness in index heavyweights Infosys
and HDFC limited upside. The 30-share BSE Sensex was up
30.49 points at 27673.60 and the 50-share NSE Nifty gained
10.05 points at 8583.40 while the broader markets outper-
formed benchmarks throughout the session.
Index stats
The Market was very volatile in last session. The sartorial
indices performed as follow; Consumer Durables [up 31.68
pts], Capital Goods [up 229.01 pts], PSU [down 64.77 pts],
FMCG [up 9.93 pts], Realty [up 12.08pts], Power [up 14.75
pts], Auto [down 22.60 pts], Healthcare [up 60.25 pts], IT
[down 51.41 pts], Metals [down 52.62 pts], TECK [down
41.04 pts], Oil& Gas [up 261.85pts].
World Indices
Index Value % Change
DJI 18135.00 +0.65
S&P500 2138.50 +0.64
NASDAQ 5214.16 +0.02
FTSE100 7013.55 +0.51
NIKKEI 16856.37 +0.49
HANG SENG 23233.31 +0.87
Top Gainers
Company CMP Change % Chg
GAIL 428.60 14.90 3.60
LT 1,473.80 35.40 2.46
TATAMTRDVR 362.15 8.15 2.30
TATAMOTORS 557.00 12.15 2.23
RELIANCE 1,078.95 21.80 2.06
Top Losers
Company CMP Change % Chg
ZEEL 528.00 -18.55 -3.39
INFRATEL 364.50 -9.85 -2.63
INFY 1,025.70 -26.65 -2.53
HINDUNILVR 844.00 -18.05 -2.09
EICHERMOT 25,330.95 -472.25 -1.83
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
AARTIIND 720.00 -0.45 -0.06
ABAN 261.00 3.00 1.16
AGARIND 270.00 2.45 0.92
ALKALI 100.60 -1.95 -1.90
ARCHIDPLY 77.55 9.15 13.38
ATLASCYCLE 406.40 67.70 19.99
BEARDSELL 317.50 15.10 4.99
Indian Indices
Company CMP Change % Chg
NIFTY 8583.40 +10.50 +0.12
SENSEX 27673.60 +30.49 +0.11
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
ACROPETAL 1.50 0.05 3.45
BHARATIDIL 18.25 0.15 0.83
BIRLACOT 0.05 0.00 0.00
DAILY REPORT
17
th
OCTOBER 2016
YOUR MINTVISORY Call us at +91-731-6642300
STOCK RECOMMENDATION [CASH]
L&T FIN HOLD. [CASH]
The stock has shown out performance and made new all
time high after taking strong support of 50 day EMA and
trend line on daily chart and has crossed the near resis-
tance level of 99 closed near day's high with bullish can-
dlestick, high volume participation was seen in the stock
which is a positive for the sock to move further upside. The
RSI indicator is also suggesting further bullish move in
coming sessions ,thus its buy above 100 for the target of
102-105 and stop loss below 97.
MACRO NEWS
 Wholesale inflation eased to 3.57 percent in September
as food articles, led by vegetables, witnessed softening
of prices. The wholesale price-based inflation, reflecting
the annual rate of price rise, in August stood at 3.74 per-
cent. In September 2015, WPI inflation was (-)4.59%.
 India's wholesale prices rise 3.57% in September
 Tax collection in Tamil Nadu increases by 7.52%
 Odisha targets Rs 20,000 cr marine exports in five years
 Coal India to go totally digital by end of December
 India Gadgetz Expo begins in B'luru with over 200 brands
 Air India cuts losses significantly in FY16
 Adani Group likely to win Bhavanapadu Port project in
Andhra Pradesh
 HCC-VCCL JV bags Rs 367.72cr order for project in Ma-
nipur
 Rosneft to buy 49% stake in Essar Oil in an all-cash deal
 Russian state fund to co-invest $1 billion in India
 RBI cancels certificate of registration of NBFC
 Gold imports drop 10.3% to $1.8 bn in September
 India to buy gamechanger S-400 air defence system
from Russia
 Cement prices up Rs 30-40 per bag despite sluggish
trend
 Volkswagen to pay $175 mn to US lawyers suing over
emissions
 India, Germany to collaborate for Rs 1 lakh cr projects
 M&M sells franchise biz of BabyOye to FirstCry for Rs
362.1 cr
 SBI to divest 5% stake in SBI Life to non-promoter entity
STOCK RECOMMENDATIONS [FUTURE]
1.JSWSTEEL [FUTURE]
Last trading session JSWSTEEL future show profit booking at
higher level and made a short position in oct month,last ses-
sion stock future made a low of 1743 It’s major support level
and show sharp downfall at higher level and close with bull-
ish candlestick in daily chart. And since last session it rose
with rising OI in short side , So we may see sharp fall for that
it will good to sell below 1740 for the target of 1733-1720
with SL of 1755.
2.GAIL [FUTURE]
Last trading session GAIL future show positive strength in all
Energy stocks and cross major resistance level and made a
new 52 week high and ended above resistance level with
bullish candlestick in daily chart.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 around 425-426 for the target of 430-
435 with SL of 420.
DAILY REPORT
17
th
OCTOBER 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 8,600 90.95 2,31,324 33,39,900
NIFTY CE 8,700 44.85 2,01,599 41,22,225
NIFTY CE 8,800 19.30 1,74,685 51,91,200
INFY CE 1,100 2.75 26,326 34,67,500
INFY CE 1,060 6.90 20,018 20,49,500
INFY CE 1,040 11.70 17,363 14,88,500
INFY CE 1,080 4.20 15,825 16,65,500
TCS CE 2,400 22.55 14,688 4,36,500
MOST ACTIVE PUT OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY PE 8,600 79.50 1,98,490 41,17,875
NIFTY PE 8,500 46.50 1,84,083 54,00,825
NIFTY PE 8,400 27.05 99,089 34,50,600
INFY PE 1,000 12.00 21,950 17,54,500
INFY PE 1,020 20.10 11,843 7,24,500
TCS PE 2,300 13.25 10,015 4,25,750
INFY PE 980 6.50 9,032 7,19,000
INFY PE 1,040 31.40 8,536 6,29,000
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 16985 1136.86 15882 1072.73 234170 15557.07 64.1293
INDEX OPTIONS 444401 30367.37 438116 29963.52 1073362 70644.27 403.8562
STOCK FUTURES 103484 7146.82 97120 6614.30 877035 57508.60 532.5151
STOCK OPTIONS 99170 6269.19 102134 6428.71 100294 6632.62 -159.5183
840.982
STOCKS IN NEWS
 Infosys Q2 profit up 5%; cuts FY17 revenue guidance
 Jubilant Life raises Rs 50cr by issue of commercial pa-
pers
 Bajaj Corp Q2 net profit up 23.9% to Rs 58 crore
 Reliance Communications to sell tower arm majority
stake to Canada's Brookfield for $1.7 billion
 Postman raises $7mn in funding from Nexus Venture
 Vedanta suspends work at Bicholim iron ore mine in
Goa
 HDFC raises Rs 500 cr through 4th issue of masala
bonds
 SpiceJet plans to add Boeing 4-5 aircraft to its fleet
NIFTY FUTURE
After a big fall on Thursday Nifty in last trading session
took rest and consolidated along the day between
around 55 points. Nifty has prepared a Head & Shoulders
pattern but the neck line around 8550 is a strong sup-
port, which may not easily break. So we advise you to
buy Nifty above 8600 for the targets of 8680 and 8750
wit strict stop loss of 8500
INDICES R2 R1 PIVOT S1 S2
NIFTY 8633.80 8608.60 8579.20 8554.00 8524.60
BANKNIFTY 19126.00 19073.00 18999.00 18946.00 18872.00
DAILY REPORT
17
th
OCTOBER 2016
YOUR MINTVISORY Call us at +91-731-6642300
COMMODITY ROUNDUP
MCX Gold futures are likely to see a muted action after
coming off from their highs in last session. The commodity
has been desperately trying to edge higher from its four
month lows but dollar strength is capping the upside. Asian
trades saw a choppy trading pattern develop in Gold today
as gains in equities weighed. The counter is trading just un-
der $1257 per ounce right now, almost unchanged on the
day. MCX Gold futures ended around Rs 29700 per 10
grams and are likely to see another choppy session today. A
drop under Rs 29600 could yet fresh round of selling. Mean-
while, the US Dollar remains well bid. First-time claims for
US unemployment benefits held steady in the week ended
October 8th, the Labor Department revealed in a report on
Thursday. The Labor Department said initial jobless claims
came in at 246,000, unchanged from the previous week's
revised level. These are the lowest levels in last four dec-
ades and indicate a healthy labour market in world's largest
economy. Dollar index surged above 98 levels , its highest
mark in nearly eight months.
Silver futures were trading higher in the evening trading
session tracking a firming trend in the precious metals over-
seas. Speculative position created by participants driven by
firm global trend supported the upside in silver prices in
futures trade. At the MCX silver futures for December 2016
contract was trading at Rs 42004 per kg up by 0.27 per cent
after opening at Rs 41856 against a previous close of Rs
41890. It touched the intra-day high of Rs 42064
Nickel futures were trading lower during the evening trade
in the domestic market on Friday as investors and specula-
tors exited their positions in the industrial metal amid
muted physical demand for nickel from major consuming
industries in the domestic spot market. The prices of nickel
fell due to trimming of positions by participants in the in-
dustrial metal on account of slide in spot demand in the do-
mestic spot market. At the MCX nickel futures for October
2016 contract is trading at Rs 695 per kg down by 0.20 per
cent after opening at Rs 696.60 against a previous close of
Rs 696.40. It touched the intra-day low of Rs 693.50
Lead futures rose during the afternoon trade in the domes-
tic market on Friday amid a firming trend at the spot market
on rising demand from battery makers. Furthermore a firm-
ing trend in base metals overseas supported the upside in
metal prices. At the MCX lead Oct futures contract was trad-
ing at Rs 133.55 per kg up by 0.38 per cent .
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
BUY GOLD ABOVE 29800 TGT 29900 30100 SL 29700
SELL GOLD BELOW 29450 TGT 29350 29150 SL 29550
SILVER
TRADING STRATEGY:
BUY SILVER AOVE 42200 TGT 42400 42800 SL 41800
SELL SILVER BELOW 41500 TGT 41300 40700 SL 41700
MCX
DAILY REPORT
17
th
OCTOBER 2016
YOUR MINTVISORY Call us at +91-731-6642300
NCDEX
NCDEX INDICES
Index Value % Change
BARLEY 1585 +1.64
CORIANDER 7214 -1.047
COTTON SEED 1936 +0.99
GUAR SEED 3428 -2.22
JEERA 16325 -1.00
MUSTARDSEED 4480 +0.97
SOYA BEAN 3052 0.00
SUGAR M GRADE 3520 +1.53
TURMERIC 7100 +1.25
WHEAT 1781 2.00
RECOMMENDATIONS
DHANIYA
BUY CORIANDER NOV ABOVE 7520 TARGET 7565 7665 SL
BELOW 7455
SELL CORIANDER NOV BELOW 7375 TARGET 7330 7230 SL
ABOVE 7440
GUARGUM
BUY GUARGUM5 NOV ABOVE 6820 TARGET 6870 6940 SL
BELOW 6750
SELL GUARGUM5 NOV BELOW 6650 TARGET 6600 6530 SL
ABOVE 6720
The Government has decided to use postal network for dis-
tribution of subsidized pulses and release more Chana from
buffer stock to ensure availability of these commodities at
reasonable prices during ongoing festival season. The com-
mittee reviewed availability and prices of essential com-
modities specially pulses and suggested that in the absence
of Government outlets in the states postal networks should
be export for the distribution. It was observed that there
are declining trends in the prices of pulses in recent weeks.
Prices some of the other commodities are stable. The com-
mittee also reviewed procurement arrangements of Kharif
pulses by Government agencies. It was informed that so far
500 procurement centers have been opened and farmers
are being paid through check or bank transfer instantly. The
Government has set up procurement target of 50,000 MT
for current Kharif pulses.
Cardamom futures were trading higher during the evening
trade in the domestic market on Friday as investors and
speculators build up fresh positions in the agri-commodity
amid uptick in physical demand for cardamom in the do-
mestic spot market. Further insufficient supplies on re-
stricted physical arrivals from the major cardamom produc-
ing regions too supported the uptrend in the domestic car-
damom prices.
According to recent ICO released data, total coffee produc-
tion of the season 2015/16 is revised up by 0.9% to 148
million bags against 2014/15 season followed by Arabica
coffee production of the World which is placed higher by
0.7% to 85.8 million bags and Robusta coffee crops are
placed up by 1.3% to 62.2 million bags. The consumption of
the World is also revised slightly down to 151.3 million bags
which indicates a global deficit of 3.3 million bags.
DAILY REPORT
17
th
OCTOBER 2016
YOUR MINTVISORY Call us at +91-731-6642300
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 66.848 Yen 64.230
Euro 73.686 GBP 81.481
CURRENCY
USD/INR
BUY USD/INR OCT ABOVE 66.97 TARGET 67.09 67.24 SL BE-
LOW 66.79
SELL USD/INR OCT BELOW 66.81 TARGET 66.69 66.54 SL
ABOVE 67.01
EUR/INR
BUY EUR/INR OCT ABOVE 74 TARGET 74.12 74.32 SL BELOW
73.82
SELL EUR/INR OCT BELOW 73.65 TARGET 73.53 73.33 SL
ABOVE 73.85
CURRENCY MARKET UPDATES:
Indian rupee recovered over 20 paise against the US dollar
on Friday on account of increased selling of the American
currency by banks and exporters. Rupee closed 22 paise up
at 66.72 against the US dollar. The local currency slipped
40 paise on Thursday and closed at fresh three-week low
of 66.94 against the dollar on rising concerns over interest
rate hike by the US Federal Reserve. Meanwhile, domestic
equity markets traded choppy in a narrow range and
ended in green. Concern about the global economy con-
tributed to the early weakness, while value buying at re-
duced levels after the drop helped the bourses in some
recovery. This week has seen brutal cuts on equity markets
globally as investors contend with weak China data, weak
start to earnings in the US and now almost 70 per cent
probability of rate hike by the Federal Reserve.
In economic front, figures from the Ministry of Commerce
& Industry showed that India's wholesale price inflation
slowed to a three-month low in September, defying expec-
tations for an acceleration, as food price growth eased
sharply. The wholesale price index rose 3.57 percent year-
on-year following 3.74 percent increase in August.
Foreign institutional investors remained net sellers in the
Indian equity markes as they sold shares worth of Rs 846
crore on Friday, according to the provisional data available
with NDSL.
US Dollar Index declined by 0.45 per cent in Thursday’s
trading session due to unfavourable economic data from
the country. However, sharp fall in the currency was cush-
ioned due to rise in risk aversion in global markets which
led to increase in demand for the low yielding currency.US
Unemployment Claims remained unchanged at 246,000 for
the week ending on 7th Oct’16. Import Prices grew by 0.1
percent in September with respect to decline of 0.2 per-
cent in August.
DAILY REPORT
17
th
OCTOBER 2016
YOUR MINTVISORY Call us at +91-731-6642300
Date
Commodity/ Currency
Pairs
Contract Strategy Entry Level Target Stop Loss Remark
14/10/16 NCDEX DHANIYA NOV. BUY 7520 7565-7665 7455 NOT EXECUTED
14/10/16 NCDEX DHANIYA NOV. SELL 7425 7380-7280 7490 ALL TARGET
14/10/16 NCDEX GUARGUM OCT. BUY 6820 6870-6940 6750 NOT EXECUTED
14/10/16 NCDEX GUARGUM OCT. SELL 6800 6750-6680 6870 ALL TARGET
14/10/16 MCX GOLD DEC. BUY 29800 29900-30100 29700 NOT EXECUTED
14/10/16 MCX GOLD DEC. SELL 29650 29550-29350 29750 1ST TARGET
14/10/16 MCX SILVER DEC. BUY 42400 42600-43200 42200 NOT EXECUTED
14/10/16 MCX SILVER DEC. SELL 41800 41600-41000 42000 1ST TARGET
Date Scrip
CASH/
FUTURE/
OPTION
Strategy
14/10/16 NIFTY FUTURE BUY 8600 8680-8750 8500 CALL OPEN
14/10/16 ONGC FUTURE BUY 276 279-283 272 ALLL TARGET
14/10/16 RELIANCE FUTURE SELL 1070-1072 1060-1050 1085 OPEN
14/10/16 OBEROI REALTY CASH BUY 325 328-333 322 ALL TARGET
DAILY REPORT
17
th
OCTOBER 2016
YOUR MINTVISORY Call us at +91-731-6642300
NEXT WEEK'S U.S. ECONOMIC REPORTS
ECONOMIC CALENDAR
The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or
liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the
right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for per-
sonal information and based upon it & takes no responsibility. The information given herein should be treated as only factor, while making investment
decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate par-
ticular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any trans-
action conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projec-
tions shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change
without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is
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Legal Actions can be taken.
Disclaimer
TIME REPORT PERIOD ACTUAL
CONSENSUS
FORECAST
PREVIOUS
MONDAY, OCT. 17
8:30 AM EMPIRE STATE INDEX OCT. -2.0
9:15 AM INDUSTRIAL PRODUCTION SEPT. -0.4%
9:15 AM CAPACITY UTILIZATION SEPT. 75.5%
TUESDAY, OCT. 18
8:30 AM CONSUMER PRICE INDEX SEPT. 0.2%
8:30 AM CORE CPI SEPT. 0.3%
10 AM HOME BUILDERS' INDEX OCT. 65
WEDNESDAY, OCT. 19
8:30 AM HOUSING STARTS SEPT. 1.142MLN
8:30 AM BUILDING PERMITS SEPT. 1.152MLN
2 PM BEIGE BOOK
THURSDAY, OCT. 20
8:30 AM WEEKLY JOBLESS CLAIMS 10/15 N/A N/A
10 AM LEADING INDICATORS SEPT. -0.2%
8:30 AM PHILLY FED OCT. 12.8
THURSDAY, OCT. 21
NONE SCHEDULED

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Daily Market Report 17th October 2016/TITLE

  • 1. DAILY REPORT 17 th OCTOBER 2016 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance US stocks ended little changed on Friday, losing ground late after Federal Reserve Chair Janet Yellen's comments on the economy unnerved investors. Financial shares finished up, giving the S&P 500 its biggest boost after stronger-than- expected bank results, but gave up most of their early gains. Healthcare shares led declines. Yellen, in a speech at a conference of policymakers and academics, laid out the deepening concern at the Fed that US economic potential is slipping - and may need aggressive steps to rebuild it.The Dow Jones industrial average closed up 39.44 points, or 0.22 percent, to 18,138.38, the S&P 500 gained 0.43 points, or 0.02 percent, to 2,132.98 and the Nasdaq Composite added 0.83 points, or 0.02 percent, to 5,214.16. For the week, the Dow was down 0.6 percent, the S&P 500 was down 1 percent and the Nasdaq fell 1.5 percent. European shares rose on Friday to claw back ground lost in the previous session, with banking stocks outperforming, while hedge fund Man Group also surged higher. The pan- European STOXX 600 index rose 1.3 percent, after touching during the previous session a three-month low. The index however remains down by around 7% so far in 2016, but Clairinvest fund manager Ion-Marc Valahu backed having a "long" position to bet on more gains for European stocks. Expectations that Deutsche Bank would reach a settlement with U.S. authorities over alleged mis-selling of mortgage backed securities as one reason for this. Deutsche Bank shares rose 2%, and Valahu also cited expectations that Italy would fix problems with its struggling banks as a fur- ther reason to stay upbeat on European stocks. Previous day Roundup Equity benchmarks ended rangebound session on a flat note despite strong global cues Friday but lost over a per- cent for the week. Oil, infra and banks stocks supported the market but the weakness in index heavyweights Infosys and HDFC limited upside. The 30-share BSE Sensex was up 30.49 points at 27673.60 and the 50-share NSE Nifty gained 10.05 points at 8583.40 while the broader markets outper- formed benchmarks throughout the session. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 31.68 pts], Capital Goods [up 229.01 pts], PSU [down 64.77 pts], FMCG [up 9.93 pts], Realty [up 12.08pts], Power [up 14.75 pts], Auto [down 22.60 pts], Healthcare [up 60.25 pts], IT [down 51.41 pts], Metals [down 52.62 pts], TECK [down 41.04 pts], Oil& Gas [up 261.85pts]. World Indices Index Value % Change DJI 18135.00 +0.65 S&P500 2138.50 +0.64 NASDAQ 5214.16 +0.02 FTSE100 7013.55 +0.51 NIKKEI 16856.37 +0.49 HANG SENG 23233.31 +0.87 Top Gainers Company CMP Change % Chg GAIL 428.60 14.90 3.60 LT 1,473.80 35.40 2.46 TATAMTRDVR 362.15 8.15 2.30 TATAMOTORS 557.00 12.15 2.23 RELIANCE 1,078.95 21.80 2.06 Top Losers Company CMP Change % Chg ZEEL 528.00 -18.55 -3.39 INFRATEL 364.50 -9.85 -2.63 INFY 1,025.70 -26.65 -2.53 HINDUNILVR 844.00 -18.05 -2.09 EICHERMOT 25,330.95 -472.25 -1.83 Stocks at 52 Week’s HIGH Symbol Prev. Close Change %Chg AARTIIND 720.00 -0.45 -0.06 ABAN 261.00 3.00 1.16 AGARIND 270.00 2.45 0.92 ALKALI 100.60 -1.95 -1.90 ARCHIDPLY 77.55 9.15 13.38 ATLASCYCLE 406.40 67.70 19.99 BEARDSELL 317.50 15.10 4.99 Indian Indices Company CMP Change % Chg NIFTY 8583.40 +10.50 +0.12 SENSEX 27673.60 +30.49 +0.11 Stocks at 52 Week’s LOW Symbol Prev. Close Change %Chg ACROPETAL 1.50 0.05 3.45 BHARATIDIL 18.25 0.15 0.83 BIRLACOT 0.05 0.00 0.00
  • 2. DAILY REPORT 17 th OCTOBER 2016 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATION [CASH] L&T FIN HOLD. [CASH] The stock has shown out performance and made new all time high after taking strong support of 50 day EMA and trend line on daily chart and has crossed the near resis- tance level of 99 closed near day's high with bullish can- dlestick, high volume participation was seen in the stock which is a positive for the sock to move further upside. The RSI indicator is also suggesting further bullish move in coming sessions ,thus its buy above 100 for the target of 102-105 and stop loss below 97. MACRO NEWS  Wholesale inflation eased to 3.57 percent in September as food articles, led by vegetables, witnessed softening of prices. The wholesale price-based inflation, reflecting the annual rate of price rise, in August stood at 3.74 per- cent. In September 2015, WPI inflation was (-)4.59%.  India's wholesale prices rise 3.57% in September  Tax collection in Tamil Nadu increases by 7.52%  Odisha targets Rs 20,000 cr marine exports in five years  Coal India to go totally digital by end of December  India Gadgetz Expo begins in B'luru with over 200 brands  Air India cuts losses significantly in FY16  Adani Group likely to win Bhavanapadu Port project in Andhra Pradesh  HCC-VCCL JV bags Rs 367.72cr order for project in Ma- nipur  Rosneft to buy 49% stake in Essar Oil in an all-cash deal  Russian state fund to co-invest $1 billion in India  RBI cancels certificate of registration of NBFC  Gold imports drop 10.3% to $1.8 bn in September  India to buy gamechanger S-400 air defence system from Russia  Cement prices up Rs 30-40 per bag despite sluggish trend  Volkswagen to pay $175 mn to US lawyers suing over emissions  India, Germany to collaborate for Rs 1 lakh cr projects  M&M sells franchise biz of BabyOye to FirstCry for Rs 362.1 cr  SBI to divest 5% stake in SBI Life to non-promoter entity STOCK RECOMMENDATIONS [FUTURE] 1.JSWSTEEL [FUTURE] Last trading session JSWSTEEL future show profit booking at higher level and made a short position in oct month,last ses- sion stock future made a low of 1743 It’s major support level and show sharp downfall at higher level and close with bull- ish candlestick in daily chart. And since last session it rose with rising OI in short side , So we may see sharp fall for that it will good to sell below 1740 for the target of 1733-1720 with SL of 1755. 2.GAIL [FUTURE] Last trading session GAIL future show positive strength in all Energy stocks and cross major resistance level and made a new 52 week high and ended above resistance level with bullish candlestick in daily chart.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 around 425-426 for the target of 430- 435 with SL of 420.
  • 3. DAILY REPORT 17 th OCTOBER 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 8,600 90.95 2,31,324 33,39,900 NIFTY CE 8,700 44.85 2,01,599 41,22,225 NIFTY CE 8,800 19.30 1,74,685 51,91,200 INFY CE 1,100 2.75 26,326 34,67,500 INFY CE 1,060 6.90 20,018 20,49,500 INFY CE 1,040 11.70 17,363 14,88,500 INFY CE 1,080 4.20 15,825 16,65,500 TCS CE 2,400 22.55 14,688 4,36,500 MOST ACTIVE PUT OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY PE 8,600 79.50 1,98,490 41,17,875 NIFTY PE 8,500 46.50 1,84,083 54,00,825 NIFTY PE 8,400 27.05 99,089 34,50,600 INFY PE 1,000 12.00 21,950 17,54,500 INFY PE 1,020 20.10 11,843 7,24,500 TCS PE 2,300 13.25 10,015 4,25,750 INFY PE 980 6.50 9,032 7,19,000 INFY PE 1,040 31.40 8,536 6,29,000 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 16985 1136.86 15882 1072.73 234170 15557.07 64.1293 INDEX OPTIONS 444401 30367.37 438116 29963.52 1073362 70644.27 403.8562 STOCK FUTURES 103484 7146.82 97120 6614.30 877035 57508.60 532.5151 STOCK OPTIONS 99170 6269.19 102134 6428.71 100294 6632.62 -159.5183 840.982 STOCKS IN NEWS  Infosys Q2 profit up 5%; cuts FY17 revenue guidance  Jubilant Life raises Rs 50cr by issue of commercial pa- pers  Bajaj Corp Q2 net profit up 23.9% to Rs 58 crore  Reliance Communications to sell tower arm majority stake to Canada's Brookfield for $1.7 billion  Postman raises $7mn in funding from Nexus Venture  Vedanta suspends work at Bicholim iron ore mine in Goa  HDFC raises Rs 500 cr through 4th issue of masala bonds  SpiceJet plans to add Boeing 4-5 aircraft to its fleet NIFTY FUTURE After a big fall on Thursday Nifty in last trading session took rest and consolidated along the day between around 55 points. Nifty has prepared a Head & Shoulders pattern but the neck line around 8550 is a strong sup- port, which may not easily break. So we advise you to buy Nifty above 8600 for the targets of 8680 and 8750 wit strict stop loss of 8500 INDICES R2 R1 PIVOT S1 S2 NIFTY 8633.80 8608.60 8579.20 8554.00 8524.60 BANKNIFTY 19126.00 19073.00 18999.00 18946.00 18872.00
  • 4. DAILY REPORT 17 th OCTOBER 2016 YOUR MINTVISORY Call us at +91-731-6642300 COMMODITY ROUNDUP MCX Gold futures are likely to see a muted action after coming off from their highs in last session. The commodity has been desperately trying to edge higher from its four month lows but dollar strength is capping the upside. Asian trades saw a choppy trading pattern develop in Gold today as gains in equities weighed. The counter is trading just un- der $1257 per ounce right now, almost unchanged on the day. MCX Gold futures ended around Rs 29700 per 10 grams and are likely to see another choppy session today. A drop under Rs 29600 could yet fresh round of selling. Mean- while, the US Dollar remains well bid. First-time claims for US unemployment benefits held steady in the week ended October 8th, the Labor Department revealed in a report on Thursday. The Labor Department said initial jobless claims came in at 246,000, unchanged from the previous week's revised level. These are the lowest levels in last four dec- ades and indicate a healthy labour market in world's largest economy. Dollar index surged above 98 levels , its highest mark in nearly eight months. Silver futures were trading higher in the evening trading session tracking a firming trend in the precious metals over- seas. Speculative position created by participants driven by firm global trend supported the upside in silver prices in futures trade. At the MCX silver futures for December 2016 contract was trading at Rs 42004 per kg up by 0.27 per cent after opening at Rs 41856 against a previous close of Rs 41890. It touched the intra-day high of Rs 42064 Nickel futures were trading lower during the evening trade in the domestic market on Friday as investors and specula- tors exited their positions in the industrial metal amid muted physical demand for nickel from major consuming industries in the domestic spot market. The prices of nickel fell due to trimming of positions by participants in the in- dustrial metal on account of slide in spot demand in the do- mestic spot market. At the MCX nickel futures for October 2016 contract is trading at Rs 695 per kg down by 0.20 per cent after opening at Rs 696.60 against a previous close of Rs 696.40. It touched the intra-day low of Rs 693.50 Lead futures rose during the afternoon trade in the domes- tic market on Friday amid a firming trend at the spot market on rising demand from battery makers. Furthermore a firm- ing trend in base metals overseas supported the upside in metal prices. At the MCX lead Oct futures contract was trad- ing at Rs 133.55 per kg up by 0.38 per cent . RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD ABOVE 29800 TGT 29900 30100 SL 29700 SELL GOLD BELOW 29450 TGT 29350 29150 SL 29550 SILVER TRADING STRATEGY: BUY SILVER AOVE 42200 TGT 42400 42800 SL 41800 SELL SILVER BELOW 41500 TGT 41300 40700 SL 41700 MCX
  • 5. DAILY REPORT 17 th OCTOBER 2016 YOUR MINTVISORY Call us at +91-731-6642300 NCDEX NCDEX INDICES Index Value % Change BARLEY 1585 +1.64 CORIANDER 7214 -1.047 COTTON SEED 1936 +0.99 GUAR SEED 3428 -2.22 JEERA 16325 -1.00 MUSTARDSEED 4480 +0.97 SOYA BEAN 3052 0.00 SUGAR M GRADE 3520 +1.53 TURMERIC 7100 +1.25 WHEAT 1781 2.00 RECOMMENDATIONS DHANIYA BUY CORIANDER NOV ABOVE 7520 TARGET 7565 7665 SL BELOW 7455 SELL CORIANDER NOV BELOW 7375 TARGET 7330 7230 SL ABOVE 7440 GUARGUM BUY GUARGUM5 NOV ABOVE 6820 TARGET 6870 6940 SL BELOW 6750 SELL GUARGUM5 NOV BELOW 6650 TARGET 6600 6530 SL ABOVE 6720 The Government has decided to use postal network for dis- tribution of subsidized pulses and release more Chana from buffer stock to ensure availability of these commodities at reasonable prices during ongoing festival season. The com- mittee reviewed availability and prices of essential com- modities specially pulses and suggested that in the absence of Government outlets in the states postal networks should be export for the distribution. It was observed that there are declining trends in the prices of pulses in recent weeks. Prices some of the other commodities are stable. The com- mittee also reviewed procurement arrangements of Kharif pulses by Government agencies. It was informed that so far 500 procurement centers have been opened and farmers are being paid through check or bank transfer instantly. The Government has set up procurement target of 50,000 MT for current Kharif pulses. Cardamom futures were trading higher during the evening trade in the domestic market on Friday as investors and speculators build up fresh positions in the agri-commodity amid uptick in physical demand for cardamom in the do- mestic spot market. Further insufficient supplies on re- stricted physical arrivals from the major cardamom produc- ing regions too supported the uptrend in the domestic car- damom prices. According to recent ICO released data, total coffee produc- tion of the season 2015/16 is revised up by 0.9% to 148 million bags against 2014/15 season followed by Arabica coffee production of the World which is placed higher by 0.7% to 85.8 million bags and Robusta coffee crops are placed up by 1.3% to 62.2 million bags. The consumption of the World is also revised slightly down to 151.3 million bags which indicates a global deficit of 3.3 million bags.
  • 6. DAILY REPORT 17 th OCTOBER 2016 YOUR MINTVISORY Call us at +91-731-6642300 RBI Reference Rate Currency Rate Currency Rate Rupee- $ 66.848 Yen 64.230 Euro 73.686 GBP 81.481 CURRENCY USD/INR BUY USD/INR OCT ABOVE 66.97 TARGET 67.09 67.24 SL BE- LOW 66.79 SELL USD/INR OCT BELOW 66.81 TARGET 66.69 66.54 SL ABOVE 67.01 EUR/INR BUY EUR/INR OCT ABOVE 74 TARGET 74.12 74.32 SL BELOW 73.82 SELL EUR/INR OCT BELOW 73.65 TARGET 73.53 73.33 SL ABOVE 73.85 CURRENCY MARKET UPDATES: Indian rupee recovered over 20 paise against the US dollar on Friday on account of increased selling of the American currency by banks and exporters. Rupee closed 22 paise up at 66.72 against the US dollar. The local currency slipped 40 paise on Thursday and closed at fresh three-week low of 66.94 against the dollar on rising concerns over interest rate hike by the US Federal Reserve. Meanwhile, domestic equity markets traded choppy in a narrow range and ended in green. Concern about the global economy con- tributed to the early weakness, while value buying at re- duced levels after the drop helped the bourses in some recovery. This week has seen brutal cuts on equity markets globally as investors contend with weak China data, weak start to earnings in the US and now almost 70 per cent probability of rate hike by the Federal Reserve. In economic front, figures from the Ministry of Commerce & Industry showed that India's wholesale price inflation slowed to a three-month low in September, defying expec- tations for an acceleration, as food price growth eased sharply. The wholesale price index rose 3.57 percent year- on-year following 3.74 percent increase in August. Foreign institutional investors remained net sellers in the Indian equity markes as they sold shares worth of Rs 846 crore on Friday, according to the provisional data available with NDSL. US Dollar Index declined by 0.45 per cent in Thursday’s trading session due to unfavourable economic data from the country. However, sharp fall in the currency was cush- ioned due to rise in risk aversion in global markets which led to increase in demand for the low yielding currency.US Unemployment Claims remained unchanged at 246,000 for the week ending on 7th Oct’16. Import Prices grew by 0.1 percent in September with respect to decline of 0.2 per- cent in August.
  • 7. DAILY REPORT 17 th OCTOBER 2016 YOUR MINTVISORY Call us at +91-731-6642300 Date Commodity/ Currency Pairs Contract Strategy Entry Level Target Stop Loss Remark 14/10/16 NCDEX DHANIYA NOV. BUY 7520 7565-7665 7455 NOT EXECUTED 14/10/16 NCDEX DHANIYA NOV. SELL 7425 7380-7280 7490 ALL TARGET 14/10/16 NCDEX GUARGUM OCT. BUY 6820 6870-6940 6750 NOT EXECUTED 14/10/16 NCDEX GUARGUM OCT. SELL 6800 6750-6680 6870 ALL TARGET 14/10/16 MCX GOLD DEC. BUY 29800 29900-30100 29700 NOT EXECUTED 14/10/16 MCX GOLD DEC. SELL 29650 29550-29350 29750 1ST TARGET 14/10/16 MCX SILVER DEC. BUY 42400 42600-43200 42200 NOT EXECUTED 14/10/16 MCX SILVER DEC. SELL 41800 41600-41000 42000 1ST TARGET Date Scrip CASH/ FUTURE/ OPTION Strategy 14/10/16 NIFTY FUTURE BUY 8600 8680-8750 8500 CALL OPEN 14/10/16 ONGC FUTURE BUY 276 279-283 272 ALLL TARGET 14/10/16 RELIANCE FUTURE SELL 1070-1072 1060-1050 1085 OPEN 14/10/16 OBEROI REALTY CASH BUY 325 328-333 322 ALL TARGET
  • 8. DAILY REPORT 17 th OCTOBER 2016 YOUR MINTVISORY Call us at +91-731-6642300 NEXT WEEK'S U.S. ECONOMIC REPORTS ECONOMIC CALENDAR The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for per- sonal information and based upon it & takes no responsibility. The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate par- ticular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any trans- action conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projec- tions shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. We are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invi- tation or an offer to buy or sell any financial instrument. Our Clients (Paid or Unpaid), any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken. Disclaimer TIME REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS MONDAY, OCT. 17 8:30 AM EMPIRE STATE INDEX OCT. -2.0 9:15 AM INDUSTRIAL PRODUCTION SEPT. -0.4% 9:15 AM CAPACITY UTILIZATION SEPT. 75.5% TUESDAY, OCT. 18 8:30 AM CONSUMER PRICE INDEX SEPT. 0.2% 8:30 AM CORE CPI SEPT. 0.3% 10 AM HOME BUILDERS' INDEX OCT. 65 WEDNESDAY, OCT. 19 8:30 AM HOUSING STARTS SEPT. 1.142MLN 8:30 AM BUILDING PERMITS SEPT. 1.152MLN 2 PM BEIGE BOOK THURSDAY, OCT. 20 8:30 AM WEEKLY JOBLESS CLAIMS 10/15 N/A N/A 10 AM LEADING INDICATORS SEPT. -0.2% 8:30 AM PHILLY FED OCT. 12.8 THURSDAY, OCT. 21 NONE SCHEDULED