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DAILY REPORT
16
th
SEPTEMBER 2016
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance
Asia markets opened higher on the final trading day of the
week, ahead of next week's key central bank meetings in
the US and Japan. In Australia, the ASX 200 advanced 0.85
percent, with most sectors trading higher. The energy sec-
tor was up 0.95 percent, while the heavily-weighted finan-
cials sub-index added 0.91 percent. Japan's Nikkei 225
gained 0.25 percent, while the Topix index was up 0.34 per-
cent with major banking stocks gaining more than 1 per-
cent each. Markets in China, Taiwan and South Korea are
closed on Friday for public holidays. The Asian session fol-
lowed gains in US equities on Thursday, where the Dow
Jones industrial average rose 177.71 points, or 0.99 per-
cent, to 18,212.48. The S&P 500 gained 1.01 percent, to
2,147.26, while the Nasdaq advanced 1.47 percent, to
5,249.69.
The Bank of England opted to hold base interest rates at
record lows on Thursday and to maintain the size of its
newly enlarged asset-purchasing program. The bank's MPC
voted unanimously in September to hold the base rate at
0.25 percent, which was cut in August. It also voted unani-
mously to maintain the size of its corporate bonds pur-
chases at up to £10 bn ($13.2 bn) and govt bond purchases
at £435 billion. In addition, it upgraded its growth forecast
for the third quarter to 0.3 percent from 0.1 percent, which
it predicted last month. "Since the August inflation report,
a number of indicators of near-term economic activity have
been somewhat stronger than expected.
Previous day Roundup
The market continued its consolidation for the second con-
secutive session Thursday as investors remained on side-
lines ahead of Federal Reserve's two-day policy meeting
next week. Benchmark indices ended rangebound session
on positive note as the 30-share BSE Sensex gained 40.66
points at 28,412.89 on account of late buying in index
heavyweights Reliance Industries, ITC and HDFC. However,
the selling in banks and auto stocks capped the upside.
Index stats
The Market was very volatile in last session. The sartorial
indices performed as follow; Consumer Durables [down
123.33 pts], Capital Goods [up 1.84pts], PSU [down 52.09
pts], FMCG [up 57.46 Pts], Realty [up 2.08pts], Power
[down 19.52 pts], Auto [down 84.45 pts],Healthcare [up
85.64 pts], IT [ down 24.95 pts], Metals [down 24.08pts],
TECK [up 4.42 pts], Oil& Gas [down 30.12 pts].
World Indices
Index Value % Change
DJI 18057.50 -0.32
S&P500 2127.75 -0.22
NASDAQ 5249.69 +1.45
FTSE100 6730.30 +0.85
NIKKEI 16468.22 +0.38
HANG SENG 23335.59 +0.62
Top Gainers
Company CMP Change % Chg
BHEL 150.30 3.95 2.70
ZEEL 530.20 12.05 2.33
RELIANCE 1,064.80 20.05 1.92
MARUTI 5,452.00 88.10 1.64
ITC 255.85 4.00 1.59
Top Losers
Company CMP Change % Chg
YESBANK 1,224.60 -28.90 -2.31
POWERGRID 175.50 -3.65 -2.04
TATASTEEL 366.30 -7.60 -2.03
AXISBANK 590.00 -11.80 -1.96
BAJAJ-AUTO 2,929.75 -41.80 -1.41
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
3IINFOTECH 6.15 -0.20 -3.15
ADVENZYMES 1,543.00 92.35 6.37
ALPHAGEO 964.00 73.25 8.22
APOLLOTYRE 213.80 0.55 0.26
BANKBEES 2,010.55 -5.97 -0.30
BASF 1,172.00 14.85 1.28
BAYERCROP 4,131.00 16.10 0.39
Indian Indices
Company CMP Change % Chg
NIFTY 8742.55 +15.95 +0.18
SENSEX 28412.89 +40.66 +0.14
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
ACROPETAL 2.00 -0.10 -4.76
BIRLACOT 0.05 -0.05 -50.00
BSLIMITED 4.80 0.20 4.35
DAILY REPORT
16
th
SEPTEMBER 2016
YOUR MINTVISORY Call us at +91-731-6642300
STOCK RECOMMENDATION [CASH]
CROPMTON GREAVES[CASH]
Crompton greaves is trading in bullish channel on daily
chart and today’s session the stock has taken support of
trend line and closed with bullish candlestick, with positive
RSI indicator and increased volume the stock is indicating
good upside move above today high of 80.70 for the target
of 82-83 with SL of 79.
MACRO NEWS
 IBM, Venturesity launch initiative for industry readiness
 IOC , HPCL , BPCL in focus - Petrol price increased by
58 paisa a litre, diesel price cut by 31 paisa
 HPL Electric fixes IPO price band at Rs 175-202 per share
 UP sugar production may not fall but mills to carry for-
ward Rs 1,200 cr arrears
 Textile package reforms yet to significantly boost jobs
 No plans to devalue rupee, market to determine value:
Finance Ministry
 Hero FinCorp raises Rs 1,000 cr to expand credit services
 Hinduja Foundries Ltd to be amalgamated with Ashok
Leyland Ltd
 3,000 striking contract workers at IOC's Gujarat refinery
resume work
 Apollo Tyres launches new sets of products, says boost
for TBR segment
 StayWell Hospitality eyes 25 hotels in India in 3 years
 ONGC Videsh to acquire 11% additional interest in East
Siberia's Vankor Field
 PVR to raise Rs 250 cr via NCDs
 NMDC, MOIL's Rs 8,400-crore buyback offers to open
Sept 19. Unitech cuts Q1 loss to Rs 44.82 cr
 Prestige Estates Q1 profit down 58% to Rs 48 cr
 Rcom Q1 consolidated net up 5.8% at Rs 54 cr
 Orient Paper hits 52-week as board approves rights issue
 Apollo Tyres launches 3 products in domestic truck-bus
radial tyre segment
 Union Bank of India issues non-convertible debentures
(NCDs) worth Rs 1,000 crore
STOCK RECOMMENDATIONS [FUTURE]
1.MOTHERSUMI [FUTURE]
MOTHERSUMI Future in last trading session shown some
pressure and stock ended with a bearish candlestick on daily
chart, last session stock opened with bearish candle and
traded narrow range in whole day and closed near daily sup-
port level .And since last session it rose with rising OI in
short side. So we advise you to sell below 311 for the tar-
gets of 307-301 with strict stop loss of 316.
2.MARUTI [FUTURE]
Last trading session MARUTI future has given out-
performance in AUTO sector and closed near to 52 week
high with bullish candlestick on 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 above 5465 for the target
of 5500-5550 with SL of 5420.
DAILY REPORT
16
th
SEPTEMBER 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
BANKNIFTY CE 19,900 0.05 5,91,559 14,71,320
BANKNIFTY CE 20,000 0.05 4,79,745 15,34,760
BANKNIFTY CE 19,800 33.00 4,79,618 55,080
RELIANCE CE 1,060 21.60 3,770 7,91,500
RELIANCE CE 1,100 7.65 3,680 17,79,000
RELIANCE CE 1,080 12.90 2,680 6,34,000
MARUTI CE 5,500 72.50 2,442 1,51,050
AXISBANK CE 600 11.10 2,226 11,65,200
MOST ACTIVE PUT OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY PE 19,800 0.05 6,21,727 9,36,840
NIFTY PE 19,700 0.05 4,86,911 11,29,160
NIFTY PE 19,600 0.05 2,42,502 4,82,960
YESBANK PE 1,200 19.70 2,208 6,14,600
RELIANCE PE 1,040 7.85 2,140 5,34,000
TATASTEEL PE 360 7.15 1,553 10,28,000
MARUTI PE 5,400 67.55 1,520 1,24,950
RELIANCE PE 1,020 3.95 1,394 5,13,500
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 16791 1189.41 25941 1781.39 459116 30800.62 -591.971
INDEX OPTIONS 531242 38858.68 536896 39187.26 1256097 84577.51 -328.5809
STOCK FUTURES 77812 5476.90 84702 5994.62 911253 60530.78 -517.7211
STOCK OPTIONS 64015 4585.69 65014 4653.63 114553 7900.19 -67.9355
TOTAL -1506.200
STOCKS IN NEWS
 IndiGo enters into strategic partnership with Travel-
port
 Transformers and Rectifiers bags Rs 103 cr order from
Power Grid
 Moody's places RComm' Ba3 ratings under review for
downgrade
 Ujjivan Financial gets shareholder nod to issue NCDs of
up to Rs 1,000 crore
 PNB issued preferential shares to Government of India
worth Rs 2,112 crore
 IBULHSGFIN to close bond issue on September 16
NIFTY FUTURE
NIFTY in last trading session opened flattish note and
made a high of 8784 it’s very strong resistance range and
nifty future closed in green amid volatility with a bullish
candlestick in daily chart. And since last session it rose
with highest OI in 6000 put. It’s indicate nifty spot 8600
is major support. We may see sharp rise for that it will be
good to buy around 8750-8755 for the target of 8800-
8850 with SL of 8710.
INDICES R2 R1 PIVOT S1 S2
NIFTY 8780.50 8761.50 8732.90 8713.90 8685.30
BANKNIFTY 20065.00 19951.00 19840.00 19726.00 19615.00
DAILY REPORT
16
th
SEPTEMBER 2016
YOUR MINTVISORY Call us at +91-731-6642300
COMMODITY ROUNDUP
COMEX Gold futures are consolidating around their one
week low as key central bank meetings loom on the hori-
zon. Gold has tumbled in last one week as markets digested
renewed wave of worries pertaining to the US Fed interest
rate increase. The selling was sparked by comments from
Federal Reserve Bank of Boston president Eric Rosengren
that suggested a September rate hike might not be totally
off the table. The technical cues also turned against the
counter as the commodity fell under 50 day Exponential
Moving Average (EMA). However, speculative demand is
acting in favor of the metal and the counter is currently lin-
gering around $1325 per ounce, down marginally on the
day. MCX Gold futures tested lows around Rs 31000 per 10
grams and currently trade at Rs 31060 per 10 grams, up
marginally on the day. Meanwhile, Gold speculator and
large futures traders sharply added to their bullish Gold po-
sitions last week and pushed their gold bets to the highest
level in nine weeks, according to the latest Commitment of
Traders (COT) data released by the Commodity Futures
Trading Commission (CFTC) on Friday.
Silver futures were trading higher in the domestic market
on Thursday as investors and speculators extended their
positions in the precious metal amid speculation about the
pace and timing of future US interest rate hike. Prices for
silver futures rise after US Fed Governor Lael Brainard on
Monday argued against raising interest rates prematurely.
Her comments seemed to contradict hawkish statements
from Boston Fed President Eric Rosengren who last week
warned against keeping rates lower for longer thus rising
demand for silver. At the MCX silver futures for December
2016 contract is trading at Rs 45672 per kg up by 0.15 per
cent after opening at Rs 45569 against a previous close of Rs
45605. It touched the intra-day high of Rs 45725
Copper prices that tested two weeks highs in the domestic
markets paused marginally on account of profit booking in
International markets. The prices of Copper were exchang-
ing hands at Rs 322.85 per kg, up 0.09%. The metal tested a
high of Rs 322.85 per kg, while low was at Rs 313.20 per kg.
China's bank lending more than doubled in August from the
previous month, a report showed on Wednesday, adding to
brighter economic readings readings from the country ear-
lier this week. China's factories and retail sectors grew
faster than expected in August as a strong housing market
and a government infrastructure spending spree under-
pinned growth in the world's second-largest economy and
top metals consumer.
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
BUY GOLD ABOVE 31050 TGT 31150 31350 SL 30950
SELL GOLD BELOW 30800 TGT 30700 30500 SL 30900
SILVER
TRADING STRATEGY:
BUY SILVER ABOVE 45850 TGT 46050 46650 SL 45650
SELL SILVER BELOW 45450 TGT 45250 44650 SL 45650
MCX
DAILY REPORT
16
th
SEPTEMBER 2016
YOUR MINTVISORY Call us at +91-731-6642300
NCDEX
NCDEX INDICES
Index Value % Change
BARLEY 1573 +1.09
CORIANDER 7950 +0.06
COTTON SEED 2750 -0.18
GUAR SEED 3748 +1.90
JEERA 17740 +0.82
MUSTARDSEED 4651 +1.02
REF SOYA OIL 640.80 -0.09
SUGAR M GRADE 3588 +1.18
TURMERIC 6982 +2.65
WHEAT 1775 0.00
RECOMMENDATIONS
DHANIYA
BUY CORIANDER OCT ABOVE 7825 TARGET 7870 7970 SL
BELOW 7760
SELL CORIANDER OCT BELOW 7784 TARGET 7739 7639 SL
ABOVE 7849
GUARGUM
BUY GUARGUM OCT ABOVE 7020 TARGET 7070 7140 SL
BELOW 6960
SELL GUARGUM OCT BELOW 6990 TARGET 6940 6870 SL
ABOVE 7050
Cardamom futures fell during evening trade in the domestic
market on Thursday as investors and speculators exit posi-
tions in the agri-commodity amid weak physical demand for
cardamom in the domestic spot market. Further abundant
supplies amid higher physical arrivals from the major carda-
mom producing belts in the country also exerted downward
pressure on domestic cardamom prices. At the MCX carda-
mom futures for September 2016 contract is trading at Rs
1195 per kg down by 0.33 per cent after opening at Rs 1210
against a previous close of Rs 1199. It touched the intra-day
low of Rs 1190.
According to latest sowing report released by Government
as on 09th September, 2016, Kharif sowing of pulses
touched 143.95 lakh hectares which is around 29.12%
higher than the corresponding period last year. Last year it
was 111. 48 lakh hectares. crop condition is good and ear-
lier shown crops have started hitting market in small quan-
tity. Moisture level is higher in moong,Urad and Tur also.
Pressure of new crop may be felt October onward.
Limited stocks in local mandies along with strong export
demand have supported jeera prices in local mandies. The
sources mentioned that total stocks of around 10-11 lakh
bags of jeera are currently reported in local mandies against
17-18 lakh bags of last year in the same period. On the
other side, strapping exporter's buying has added bullish
sentiments in all producing regions. As per latest exports
data from official sources, the exports of Jeera in April 2016
augmented by 51% to reach 13, 525 tonnes. The strong ex-
ports were mainly due to steady demand from China and
Bangladesh. The spot prices of jeera increased by Rs 100
per quintal today to trade at Rs 18700-19100 per quintal at
Unjha mandi with total arrivals of 1800 bags. The NCDEX
October Jeera futures surged 0.82 percent to close at Rs
17735 per quintal.
DAILY REPORT
16
th
SEPTEMBER 2016
YOUR MINTVISORY Call us at +91-731-6642300
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 67.024 Yen-100 65.580
Euro 75.362 GBP 88.707
CURRENCY
USD/INR
BUY USD/INR SEP ABOVE 67.2 TARGET 67.32 67.47 SL BE-
LOW 67.02
SELL USD/INR SEP BELOW 67.1 TARGET 66.98 66.83 SL
ABOVE 67.3
EUR/INR
BUY EUR/INR SEP ABOVE 75.52 TARGET 75.64 75.84 SL BE-
LOW 75.34
SELL EUR/INR SEP BELOW 75.44 TARGET 75.32 75.12 SL
ABOVE 75.64
CURRENCY MARKET UPDATES:
The Indian rupee fell abruptly on Thursday after a televi-
sion channel reported that the commerce ministry will
propose a devaluation in the unit to promote dwindling
exports, but trimmed losses after a finance ministry de-
nial. The rupee weakened 0.28% to 67.0750 to the dollar
before paring losses after the central bank stepped in to
prevent a sharp fall. At 05:40 GMT, it was trading at
66.9550, lower than Wednesday’s close of
66.8875/8975. The finance ministry denied that the gov-
ernment was discussing a possible devaluation of the
rupee, whose floating exchange rate is managed by the
Reserve Bank ofIndia. There was no truth to reports of a
rupee devaluation, Shaktikanta Das, economic affairs
secretary at the finance ministry was quoted by financial
newswire Newsrise, a partner of Reuters, as saying.
Earlier, Indian rupee opened firm and was trading 5
paise up at 66.84 (9.50 am) against the US dollar as sell-
ing of American currency increased among banks and
exporters amid positive opening of domestic equity mar-
kets. The BSE Sensex and NSE Nifty closed higher on ac-
count of buying in last hour of trading in select blue chip
companies amid mixed global cues. Sensex ended 40.66
points up at 28,412.89, while NSE Nifty closed 15.95
points up at at 8,742.5.
Overseas, yen strengthened against dollar as the Bank of
Japan’s monetary policy meeting next week took center
stage with speculation about possible policy steps swirl-
ing, including a focus on negative rates over asset pur-
chases. The local currency touched a high and low of
67.07 and 66.82 respectively. The Reserve Bank of In-
dia’s (RBI) reference rate for the dollar stood at 67.02
and for Euro stood at 75.36 on September 15, 2016.
While the RBI’s reference rate for the Yen stood at
65.58, the reference rate for the Great Britain Pound
(GBP) stood at 65.58.The reference rates are based on
12 noon rates of a few select banks in Mumbai.
DAILY REPORT
16
th
SEPTEMBER 2016
YOUR MINTVISORY Call us at +91-731-6642300
Date
Commodity/ Currency
Pairs
Contract Strategy Entry Level Target Stop Loss Remark
15/09/16 NCDEX DHANIYA OCT. BUY 7815 7860-7960 7750 NO PROFIT NO LOSS
15/09/16 NCDEX DHANIYA OCT. SELL 7720 7675-7020 7785 1ST TARGET
15/09/16 NCDEX GUARGUM OCT. BUY 6900 6950-7020 6840 ALL TARGET
15/09/16 NCDEX GUARGUM OCT. SELL 6840 6790-6720 6900 1ST TARGET
15/09/16 MCX GOLD OCT BUY 31200 31300-31500 31100 NOT EXECUTED
15/09/16 MCX GOLD OCT. SELL 31000 30900-30700 31100 1ST TARGET
15/09/16 MCX SILVER DEC. BUY 45850 46050-46650 45650 1ST TARGET
15/09/16 MCX SILVER DEC. SELL 45350 45150-44550 45550 NO PROFIT NO LOSS
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
15/09/16 NIFTY FUTURE SELL 8700 8600-8500 8800 NOT EXECUTED
15/09/16 APOLLOTYRE FUTURE BUY 217 220-224 214 ALL TARGET
15/09/16 PNB FUTURE BUY 143.30 145-50-149 141 SL TRIGGERED
15/09/16 VOLTAS CASH BUY 377.50 382-386 373 SL TRIGGERED
DAILY REPORT
16
th
SEPTEMBER 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, SEPT. 12
NONE SCHEDULED
TUESDAY, SEPT. 13
6 AM NFIB SMALL-BUSINESS INDEX AUG. -- 94.6
10 AM REAL MEDIAN HOUSEHOLD INCOME 2015 -- $53,657
2 PM FEDERAL BUDGET AUG. -- -$64 BLN
WEDNESDAY, SEPT. 14
8:30 AM IMPORT PRICE INDEX AUG. -- 0.1%
THURSDAY, SEPT. 15
8:30 AM WEEKLY JOBLESS CLAIMS 9/10 265,000 259,000
8:30 AM RETAIL SALES AUG. -0.1% 0.0%
8:30 AM RETAIL SALES EX-AUTOS AUG. 0.2% -0.3%
8:30 AM PRODUCER PRICE INDEX AUG. 0.1% -0.4%
8:30 AM CURRENT ACCOUNT JULY -- -$125 BLN
8:30 AM PHILLY FED SEPT. 0.0 2.0
8:30 AM EMPIRE STATE INDEX SEPT. -1.0 -4.2
9:15 AM INDUSTRIAL PRODUCTION AUG. -0.2% 0.7%
9:15 AM CAPACITY UTILIZATION AUG. 75.7% 75.9%
10 AM BUSINESS INVENTORIES JULY -- 0.2%
FRIDAY, SEPT. 16
8:30 AM CONSUMER PRICE INDEX AUG. 0.1% 0.0%
8:30 AM CORE CPI AUG. 0.2% 0.1%
10 AM CONSUMER SENTIMENT SEPT. 91.0 89.8

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Special report by epic research 16 september 2016

  • 1. DAILY REPORT 16 th SEPTEMBER 2016 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Asia markets opened higher on the final trading day of the week, ahead of next week's key central bank meetings in the US and Japan. In Australia, the ASX 200 advanced 0.85 percent, with most sectors trading higher. The energy sec- tor was up 0.95 percent, while the heavily-weighted finan- cials sub-index added 0.91 percent. Japan's Nikkei 225 gained 0.25 percent, while the Topix index was up 0.34 per- cent with major banking stocks gaining more than 1 per- cent each. Markets in China, Taiwan and South Korea are closed on Friday for public holidays. The Asian session fol- lowed gains in US equities on Thursday, where the Dow Jones industrial average rose 177.71 points, or 0.99 per- cent, to 18,212.48. The S&P 500 gained 1.01 percent, to 2,147.26, while the Nasdaq advanced 1.47 percent, to 5,249.69. The Bank of England opted to hold base interest rates at record lows on Thursday and to maintain the size of its newly enlarged asset-purchasing program. The bank's MPC voted unanimously in September to hold the base rate at 0.25 percent, which was cut in August. It also voted unani- mously to maintain the size of its corporate bonds pur- chases at up to £10 bn ($13.2 bn) and govt bond purchases at £435 billion. In addition, it upgraded its growth forecast for the third quarter to 0.3 percent from 0.1 percent, which it predicted last month. "Since the August inflation report, a number of indicators of near-term economic activity have been somewhat stronger than expected. Previous day Roundup The market continued its consolidation for the second con- secutive session Thursday as investors remained on side- lines ahead of Federal Reserve's two-day policy meeting next week. Benchmark indices ended rangebound session on positive note as the 30-share BSE Sensex gained 40.66 points at 28,412.89 on account of late buying in index heavyweights Reliance Industries, ITC and HDFC. However, the selling in banks and auto stocks capped the upside. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 123.33 pts], Capital Goods [up 1.84pts], PSU [down 52.09 pts], FMCG [up 57.46 Pts], Realty [up 2.08pts], Power [down 19.52 pts], Auto [down 84.45 pts],Healthcare [up 85.64 pts], IT [ down 24.95 pts], Metals [down 24.08pts], TECK [up 4.42 pts], Oil& Gas [down 30.12 pts]. World Indices Index Value % Change DJI 18057.50 -0.32 S&P500 2127.75 -0.22 NASDAQ 5249.69 +1.45 FTSE100 6730.30 +0.85 NIKKEI 16468.22 +0.38 HANG SENG 23335.59 +0.62 Top Gainers Company CMP Change % Chg BHEL 150.30 3.95 2.70 ZEEL 530.20 12.05 2.33 RELIANCE 1,064.80 20.05 1.92 MARUTI 5,452.00 88.10 1.64 ITC 255.85 4.00 1.59 Top Losers Company CMP Change % Chg YESBANK 1,224.60 -28.90 -2.31 POWERGRID 175.50 -3.65 -2.04 TATASTEEL 366.30 -7.60 -2.03 AXISBANK 590.00 -11.80 -1.96 BAJAJ-AUTO 2,929.75 -41.80 -1.41 Stocks at 52 Week’s HIGH Symbol Prev. Close Change %Chg 3IINFOTECH 6.15 -0.20 -3.15 ADVENZYMES 1,543.00 92.35 6.37 ALPHAGEO 964.00 73.25 8.22 APOLLOTYRE 213.80 0.55 0.26 BANKBEES 2,010.55 -5.97 -0.30 BASF 1,172.00 14.85 1.28 BAYERCROP 4,131.00 16.10 0.39 Indian Indices Company CMP Change % Chg NIFTY 8742.55 +15.95 +0.18 SENSEX 28412.89 +40.66 +0.14 Stocks at 52 Week’s LOW Symbol Prev. Close Change %Chg ACROPETAL 2.00 -0.10 -4.76 BIRLACOT 0.05 -0.05 -50.00 BSLIMITED 4.80 0.20 4.35
  • 2. DAILY REPORT 16 th SEPTEMBER 2016 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATION [CASH] CROPMTON GREAVES[CASH] Crompton greaves is trading in bullish channel on daily chart and today’s session the stock has taken support of trend line and closed with bullish candlestick, with positive RSI indicator and increased volume the stock is indicating good upside move above today high of 80.70 for the target of 82-83 with SL of 79. MACRO NEWS  IBM, Venturesity launch initiative for industry readiness  IOC , HPCL , BPCL in focus - Petrol price increased by 58 paisa a litre, diesel price cut by 31 paisa  HPL Electric fixes IPO price band at Rs 175-202 per share  UP sugar production may not fall but mills to carry for- ward Rs 1,200 cr arrears  Textile package reforms yet to significantly boost jobs  No plans to devalue rupee, market to determine value: Finance Ministry  Hero FinCorp raises Rs 1,000 cr to expand credit services  Hinduja Foundries Ltd to be amalgamated with Ashok Leyland Ltd  3,000 striking contract workers at IOC's Gujarat refinery resume work  Apollo Tyres launches new sets of products, says boost for TBR segment  StayWell Hospitality eyes 25 hotels in India in 3 years  ONGC Videsh to acquire 11% additional interest in East Siberia's Vankor Field  PVR to raise Rs 250 cr via NCDs  NMDC, MOIL's Rs 8,400-crore buyback offers to open Sept 19. Unitech cuts Q1 loss to Rs 44.82 cr  Prestige Estates Q1 profit down 58% to Rs 48 cr  Rcom Q1 consolidated net up 5.8% at Rs 54 cr  Orient Paper hits 52-week as board approves rights issue  Apollo Tyres launches 3 products in domestic truck-bus radial tyre segment  Union Bank of India issues non-convertible debentures (NCDs) worth Rs 1,000 crore STOCK RECOMMENDATIONS [FUTURE] 1.MOTHERSUMI [FUTURE] MOTHERSUMI Future in last trading session shown some pressure and stock ended with a bearish candlestick on daily chart, last session stock opened with bearish candle and traded narrow range in whole day and closed near daily sup- port level .And since last session it rose with rising OI in short side. So we advise you to sell below 311 for the tar- gets of 307-301 with strict stop loss of 316. 2.MARUTI [FUTURE] Last trading session MARUTI future has given out- performance in AUTO sector and closed near to 52 week high with bullish candlestick on 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 above 5465 for the target of 5500-5550 with SL of 5420.
  • 3. DAILY REPORT 16 th SEPTEMBER 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 BANKNIFTY CE 19,900 0.05 5,91,559 14,71,320 BANKNIFTY CE 20,000 0.05 4,79,745 15,34,760 BANKNIFTY CE 19,800 33.00 4,79,618 55,080 RELIANCE CE 1,060 21.60 3,770 7,91,500 RELIANCE CE 1,100 7.65 3,680 17,79,000 RELIANCE CE 1,080 12.90 2,680 6,34,000 MARUTI CE 5,500 72.50 2,442 1,51,050 AXISBANK CE 600 11.10 2,226 11,65,200 MOST ACTIVE PUT OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY PE 19,800 0.05 6,21,727 9,36,840 NIFTY PE 19,700 0.05 4,86,911 11,29,160 NIFTY PE 19,600 0.05 2,42,502 4,82,960 YESBANK PE 1,200 19.70 2,208 6,14,600 RELIANCE PE 1,040 7.85 2,140 5,34,000 TATASTEEL PE 360 7.15 1,553 10,28,000 MARUTI PE 5,400 67.55 1,520 1,24,950 RELIANCE PE 1,020 3.95 1,394 5,13,500 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 16791 1189.41 25941 1781.39 459116 30800.62 -591.971 INDEX OPTIONS 531242 38858.68 536896 39187.26 1256097 84577.51 -328.5809 STOCK FUTURES 77812 5476.90 84702 5994.62 911253 60530.78 -517.7211 STOCK OPTIONS 64015 4585.69 65014 4653.63 114553 7900.19 -67.9355 TOTAL -1506.200 STOCKS IN NEWS  IndiGo enters into strategic partnership with Travel- port  Transformers and Rectifiers bags Rs 103 cr order from Power Grid  Moody's places RComm' Ba3 ratings under review for downgrade  Ujjivan Financial gets shareholder nod to issue NCDs of up to Rs 1,000 crore  PNB issued preferential shares to Government of India worth Rs 2,112 crore  IBULHSGFIN to close bond issue on September 16 NIFTY FUTURE NIFTY in last trading session opened flattish note and made a high of 8784 it’s very strong resistance range and nifty future closed in green amid volatility with a bullish candlestick in daily chart. And since last session it rose with highest OI in 6000 put. It’s indicate nifty spot 8600 is major support. We may see sharp rise for that it will be good to buy around 8750-8755 for the target of 8800- 8850 with SL of 8710. INDICES R2 R1 PIVOT S1 S2 NIFTY 8780.50 8761.50 8732.90 8713.90 8685.30 BANKNIFTY 20065.00 19951.00 19840.00 19726.00 19615.00
  • 4. DAILY REPORT 16 th SEPTEMBER 2016 YOUR MINTVISORY Call us at +91-731-6642300 COMMODITY ROUNDUP COMEX Gold futures are consolidating around their one week low as key central bank meetings loom on the hori- zon. Gold has tumbled in last one week as markets digested renewed wave of worries pertaining to the US Fed interest rate increase. The selling was sparked by comments from Federal Reserve Bank of Boston president Eric Rosengren that suggested a September rate hike might not be totally off the table. The technical cues also turned against the counter as the commodity fell under 50 day Exponential Moving Average (EMA). However, speculative demand is acting in favor of the metal and the counter is currently lin- gering around $1325 per ounce, down marginally on the day. MCX Gold futures tested lows around Rs 31000 per 10 grams and currently trade at Rs 31060 per 10 grams, up marginally on the day. Meanwhile, Gold speculator and large futures traders sharply added to their bullish Gold po- sitions last week and pushed their gold bets to the highest level in nine weeks, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. Silver futures were trading higher in the domestic market on Thursday as investors and speculators extended their positions in the precious metal amid speculation about the pace and timing of future US interest rate hike. Prices for silver futures rise after US Fed Governor Lael Brainard on Monday argued against raising interest rates prematurely. Her comments seemed to contradict hawkish statements from Boston Fed President Eric Rosengren who last week warned against keeping rates lower for longer thus rising demand for silver. At the MCX silver futures for December 2016 contract is trading at Rs 45672 per kg up by 0.15 per cent after opening at Rs 45569 against a previous close of Rs 45605. It touched the intra-day high of Rs 45725 Copper prices that tested two weeks highs in the domestic markets paused marginally on account of profit booking in International markets. The prices of Copper were exchang- ing hands at Rs 322.85 per kg, up 0.09%. The metal tested a high of Rs 322.85 per kg, while low was at Rs 313.20 per kg. China's bank lending more than doubled in August from the previous month, a report showed on Wednesday, adding to brighter economic readings readings from the country ear- lier this week. China's factories and retail sectors grew faster than expected in August as a strong housing market and a government infrastructure spending spree under- pinned growth in the world's second-largest economy and top metals consumer. RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD ABOVE 31050 TGT 31150 31350 SL 30950 SELL GOLD BELOW 30800 TGT 30700 30500 SL 30900 SILVER TRADING STRATEGY: BUY SILVER ABOVE 45850 TGT 46050 46650 SL 45650 SELL SILVER BELOW 45450 TGT 45250 44650 SL 45650 MCX
  • 5. DAILY REPORT 16 th SEPTEMBER 2016 YOUR MINTVISORY Call us at +91-731-6642300 NCDEX NCDEX INDICES Index Value % Change BARLEY 1573 +1.09 CORIANDER 7950 +0.06 COTTON SEED 2750 -0.18 GUAR SEED 3748 +1.90 JEERA 17740 +0.82 MUSTARDSEED 4651 +1.02 REF SOYA OIL 640.80 -0.09 SUGAR M GRADE 3588 +1.18 TURMERIC 6982 +2.65 WHEAT 1775 0.00 RECOMMENDATIONS DHANIYA BUY CORIANDER OCT ABOVE 7825 TARGET 7870 7970 SL BELOW 7760 SELL CORIANDER OCT BELOW 7784 TARGET 7739 7639 SL ABOVE 7849 GUARGUM BUY GUARGUM OCT ABOVE 7020 TARGET 7070 7140 SL BELOW 6960 SELL GUARGUM OCT BELOW 6990 TARGET 6940 6870 SL ABOVE 7050 Cardamom futures fell during evening trade in the domestic market on Thursday as investors and speculators exit posi- tions in the agri-commodity amid weak physical demand for cardamom in the domestic spot market. Further abundant supplies amid higher physical arrivals from the major carda- mom producing belts in the country also exerted downward pressure on domestic cardamom prices. At the MCX carda- mom futures for September 2016 contract is trading at Rs 1195 per kg down by 0.33 per cent after opening at Rs 1210 against a previous close of Rs 1199. It touched the intra-day low of Rs 1190. According to latest sowing report released by Government as on 09th September, 2016, Kharif sowing of pulses touched 143.95 lakh hectares which is around 29.12% higher than the corresponding period last year. Last year it was 111. 48 lakh hectares. crop condition is good and ear- lier shown crops have started hitting market in small quan- tity. Moisture level is higher in moong,Urad and Tur also. Pressure of new crop may be felt October onward. Limited stocks in local mandies along with strong export demand have supported jeera prices in local mandies. The sources mentioned that total stocks of around 10-11 lakh bags of jeera are currently reported in local mandies against 17-18 lakh bags of last year in the same period. On the other side, strapping exporter's buying has added bullish sentiments in all producing regions. As per latest exports data from official sources, the exports of Jeera in April 2016 augmented by 51% to reach 13, 525 tonnes. The strong ex- ports were mainly due to steady demand from China and Bangladesh. The spot prices of jeera increased by Rs 100 per quintal today to trade at Rs 18700-19100 per quintal at Unjha mandi with total arrivals of 1800 bags. The NCDEX October Jeera futures surged 0.82 percent to close at Rs 17735 per quintal.
  • 6. DAILY REPORT 16 th SEPTEMBER 2016 YOUR MINTVISORY Call us at +91-731-6642300 RBI Reference Rate Currency Rate Currency Rate Rupee- $ 67.024 Yen-100 65.580 Euro 75.362 GBP 88.707 CURRENCY USD/INR BUY USD/INR SEP ABOVE 67.2 TARGET 67.32 67.47 SL BE- LOW 67.02 SELL USD/INR SEP BELOW 67.1 TARGET 66.98 66.83 SL ABOVE 67.3 EUR/INR BUY EUR/INR SEP ABOVE 75.52 TARGET 75.64 75.84 SL BE- LOW 75.34 SELL EUR/INR SEP BELOW 75.44 TARGET 75.32 75.12 SL ABOVE 75.64 CURRENCY MARKET UPDATES: The Indian rupee fell abruptly on Thursday after a televi- sion channel reported that the commerce ministry will propose a devaluation in the unit to promote dwindling exports, but trimmed losses after a finance ministry de- nial. The rupee weakened 0.28% to 67.0750 to the dollar before paring losses after the central bank stepped in to prevent a sharp fall. At 05:40 GMT, it was trading at 66.9550, lower than Wednesday’s close of 66.8875/8975. The finance ministry denied that the gov- ernment was discussing a possible devaluation of the rupee, whose floating exchange rate is managed by the Reserve Bank ofIndia. There was no truth to reports of a rupee devaluation, Shaktikanta Das, economic affairs secretary at the finance ministry was quoted by financial newswire Newsrise, a partner of Reuters, as saying. Earlier, Indian rupee opened firm and was trading 5 paise up at 66.84 (9.50 am) against the US dollar as sell- ing of American currency increased among banks and exporters amid positive opening of domestic equity mar- kets. The BSE Sensex and NSE Nifty closed higher on ac- count of buying in last hour of trading in select blue chip companies amid mixed global cues. Sensex ended 40.66 points up at 28,412.89, while NSE Nifty closed 15.95 points up at at 8,742.5. Overseas, yen strengthened against dollar as the Bank of Japan’s monetary policy meeting next week took center stage with speculation about possible policy steps swirl- ing, including a focus on negative rates over asset pur- chases. The local currency touched a high and low of 67.07 and 66.82 respectively. The Reserve Bank of In- dia’s (RBI) reference rate for the dollar stood at 67.02 and for Euro stood at 75.36 on September 15, 2016. While the RBI’s reference rate for the Yen stood at 65.58, the reference rate for the Great Britain Pound (GBP) stood at 65.58.The reference rates are based on 12 noon rates of a few select banks in Mumbai.
  • 7. DAILY REPORT 16 th SEPTEMBER 2016 YOUR MINTVISORY Call us at +91-731-6642300 Date Commodity/ Currency Pairs Contract Strategy Entry Level Target Stop Loss Remark 15/09/16 NCDEX DHANIYA OCT. BUY 7815 7860-7960 7750 NO PROFIT NO LOSS 15/09/16 NCDEX DHANIYA OCT. SELL 7720 7675-7020 7785 1ST TARGET 15/09/16 NCDEX GUARGUM OCT. BUY 6900 6950-7020 6840 ALL TARGET 15/09/16 NCDEX GUARGUM OCT. SELL 6840 6790-6720 6900 1ST TARGET 15/09/16 MCX GOLD OCT BUY 31200 31300-31500 31100 NOT EXECUTED 15/09/16 MCX GOLD OCT. SELL 31000 30900-30700 31100 1ST TARGET 15/09/16 MCX SILVER DEC. BUY 45850 46050-46650 45650 1ST TARGET 15/09/16 MCX SILVER DEC. SELL 45350 45150-44550 45550 NO PROFIT NO LOSS Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 15/09/16 NIFTY FUTURE SELL 8700 8600-8500 8800 NOT EXECUTED 15/09/16 APOLLOTYRE FUTURE BUY 217 220-224 214 ALL TARGET 15/09/16 PNB FUTURE BUY 143.30 145-50-149 141 SL TRIGGERED 15/09/16 VOLTAS CASH BUY 377.50 382-386 373 SL TRIGGERED
  • 8. DAILY REPORT 16 th SEPTEMBER 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, SEPT. 12 NONE SCHEDULED TUESDAY, SEPT. 13 6 AM NFIB SMALL-BUSINESS INDEX AUG. -- 94.6 10 AM REAL MEDIAN HOUSEHOLD INCOME 2015 -- $53,657 2 PM FEDERAL BUDGET AUG. -- -$64 BLN WEDNESDAY, SEPT. 14 8:30 AM IMPORT PRICE INDEX AUG. -- 0.1% THURSDAY, SEPT. 15 8:30 AM WEEKLY JOBLESS CLAIMS 9/10 265,000 259,000 8:30 AM RETAIL SALES AUG. -0.1% 0.0% 8:30 AM RETAIL SALES EX-AUTOS AUG. 0.2% -0.3% 8:30 AM PRODUCER PRICE INDEX AUG. 0.1% -0.4% 8:30 AM CURRENT ACCOUNT JULY -- -$125 BLN 8:30 AM PHILLY FED SEPT. 0.0 2.0 8:30 AM EMPIRE STATE INDEX SEPT. -1.0 -4.2 9:15 AM INDUSTRIAL PRODUCTION AUG. -0.2% 0.7% 9:15 AM CAPACITY UTILIZATION AUG. 75.7% 75.9% 10 AM BUSINESS INVENTORIES JULY -- 0.2% FRIDAY, SEPT. 16 8:30 AM CONSUMER PRICE INDEX AUG. 0.1% 0.0% 8:30 AM CORE CPI AUG. 0.2% 0.1% 10 AM CONSUMER SENTIMENT SEPT. 91.0 89.8