Special report by epic research of 03 october 2017

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Please refer to disclaimer Epic Research Ltd w w w . e p i c r e s e a r c h . c o
Special Report
03 OCT-2017
Global markets at a glance
Asia markets were mixed in early trade on Tuesday, despite
US equities closing at record highs overnight. Japan's Nikkei
225 climbed 0.32 percent to 20,465.83 and the Topix index
rose 0.39 percent to 1,680.11. In Australia, the ASX 200
dipped 0.31 percent to 5,711.70 in early trade. The Austra-
lian dollar traded at USD 0.7827, which was a level similar
to last Friday. Traders will be looking ahead to the mone-
tary policy decision from the Reserve Bank of Australia due
at 2:30 p.m. local time. Most of the focus today will be on
the RBA ... and what the statement says about the econ-
omy, including any amendment to their language on the
dollar other than to recognize the recent mini-rally in the
USD," David de Garis, director of economics at the National
Australia Bank, wrote in a morning note.
The Dow Jones Industrial Average rose 152.51 points, or
0.68 percent, to 22,557.6, the S&P 500 gained 9.76 points,
or 0.39 percent, to 2,529.12 and the Nasdaq Composite
added 20.76 points, or 0.32 percent, to 6,516.72.
Previous day Roundup
The market could look to continue its momentum from
Thursday’s close and global cues are largely placed in this
direction as well. The NSE Nifty traded in a volatile range
throughout the day on Thursday but bulls managed to re-
gain control over D-Street after seven straight sessions of
decline. The index made a bullish candle which closely re-
sembles ‘Hammer’ like pattern on charts, after forming 7
consecutive bearish candles on daily charts.
The Nifty bounced back from its crucial support placed at
100-day exponential moving average (DEMA) placed at
9,714 for the second consecutive day in a row and as long
as it trades above 9,685 chances of a bounce towards 9,920
is possible. The trend reversal will be much stronger if the
index decisively closes above 9,920. However, a breach of
9,685 on closing basis could again fuel bearish sentiments
which could push the index back towards 9,638-9,600 lev-
els.
US President Donald Trump has unveiled sweeping tax re-
forms which if passed by the Congress would bring down
the business tax rate to 15 per cent, introduce territorial
tax system that would offer level playing field to American
companies.
Index stats
The Market was very volatile in last session. The sartorial in
dices performed as follow; Consumer Durables [up
212.99 pts.], Capital Goods [up 130.44 pts], PSU [up
84.15 pts], FMCG [up 41.29 pts], Realty [up 31.94 pts],
Power [up 14.21pts], Auto [up 510.21 pts], Healthcare [up
155.15 pts], IT [up 80.04pts], Metal [up 206.81 pts], TECK
[up 43.17 pts], Oil& Gas [up 182.31 pts].
World Indices
Index Value % Change
DJI 22,320.00 0.08
S&P500 2,502.50 0.11
NASDAQ 6,453.45 0
FTSE100 7,367.44 0.61
NIKKEI 20,356.28 -0.03
HANG SENG 27,554.30 0.48
Top Gainers
Company CMP Change % Chg
GAIL 419.05 22.80 5.75
Eicher Motors 31,213.30 1028.10 3.41
Idea Cellular 77.45 1.80 2.38
Aurobindo Pharm 691.65 15.85 2.35
BAJAJ AUTO 3109.40 69.95 2.30
Top Losers
HUL 1,173.90 -28.9 -2.4
Wipro 280.25 -5.65 -1.98
Dr Reddys Labs 2,328.75 -46.65 -1.96
TCS 2,435.95 -40.5 -1.64
ITC 258.3 -3.25 -1.24
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
AEGISCHEM 231.45 3.65 1.58
ANIKINDS 73.95 3.65 4.94
ASHOKLEY 116.75 6.55 5.61
AUSOMENT 58.25 -1.4 -2.4
BANARISUG 2225.05 74.95 3.37
BBTC 1180.7 94.3 7.99
CALSOFT 19.7 0.95 4.82
Indian Indices
NIFTY 9788.60 19.65 0.20
SENSEX 31283.72 1.24 0.00
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
ADHUNIKIND 46.2 -2.3 -4.98
ADSL 19.6 -0.05 -0.26
ALCHEM 11.4 -0.25 -2.19

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Special Report
03 OCT-2017
STOCK RECOMMENDATION [CASH]
DMART (CASH)
DMART given a reversal from two previous down ses-
sions and given a volume breakout on daily chart. If we
look on hourly chart so it took support from 23.6% of its
fibonaci retracement and may go upto 1150 levels. We
had seen good up ward rally in last trading session in this
stock and expect to break 52 week high in up coming
week. BUY DMART ABOVE 1095 TGT 1130 1160 SL 1065.
MACRO NEWS
 US again rejects talks with North Korea on nuclear
issue
 Militants attack BSF camp in Srinagar; 3 jawans in-
jured
 US biology trio wins Nobel Medicine Prize
 Las Vegas shooting an 'act of pure evil': Donald
Trump
 GIC seeks CCI nod for Rs 9K cr deal with DLF promot-
ers
 Hero MotoCorp crosses 1 million sales mark this fes-
tive season
 AIIB, ADB approve $100 mn loan for India's power
sector
 Individual insolvency norms a priority, says IBBI
Chairman
 BoE tells banks to find £4 billion of bail-in debt by
2022
 US court cuts fine on TCS to USD 420 mln in a trade
secrets case by Epic Systems
 Wealthy India can't be made without a healthy India:
Venkaiah Naidu
RECOMMENDATIONS [FUTURE]
ARVIND (FUTURE)
ARVIND Future was looking weak on to the chart but it is
trading near last four month support level and in many time
we have seen strong reversal from this level as well as in last
week after making low of 359.50 it bounce up to 375 so we
advise to buy it around 360 for target of 375 with stop loss
of 354
MOTHERSUMI (FUTURE)
MOTHERSUMI Future too volatile it is moving near life time
high but as the market breached we saw strong profit book-
ing into mohtersumi but at the closing of the last week it
finished with doji candle on weekly chart since market is still
looking bearish so short sell will be good around 343-345 for
target of 336 325 with stop loss of 350.05.

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Special Report
03 OCT-2017
MOST ACTIVE CALL OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 9,900 67.65 1,78,959 33,81,075
NIFTY CE 10,000 36.05 1,76,019 48,37,800
NIFTY CE 9,800 114.25 1,22,188 22,13,550
INFY CE 900 24.6 1,985 7,37,500
RELIANCE CE 790 19.4 1,944 3,30,000
MARUTI CE 8,200 93.95 1,847 1,57,650
ASHOKLEY CE 125 3.9 1,806 20,02,000
TATAMOTORS CE 410 11.5 1,731 11,40,000
MOST ACTIVE PUT OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY PE 9,700 85.5 1,40,099 35,22,975
BANKNIFTY PE 24,000 136.65 1,26,120 3,02,800
INFY PE 860 8.55 982 2,75,500
SBIN PE 250 4.55 891 15,75,000
AXISBANK PE 500 10.45 890 4,23,600
SUNPHARMA PE 480 7.55 859 5,04,000
TATAMOTORS PE 400 11.85 845 5,86,500
RELIANCE PE 800 32.4 825 6,04,000
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 29196 2335.43 26032 1993.29 235093 18006.66 -342.14
INDEX OPTIONS 415048 33208.42 399021 31906.49 928846 70542.74 -1301.93
STOCK FUTURES 91787 6683.96 82398 5981.37 806653 55182.28 -702.59
STOCK OPTIONS 55758 4343.66 54843 4224.96 27875 2095.64 -118.71
-2465.38
STOCKS IN NEWS
Telecom Commission approves extension of deferred
payment schedule to 16 years
SEBI Defers implementation of directive on companies
informing bourses of loan default
NIFTY FUTURE
GDP slow down fear shown onto the market into last
week Nifty faces strong selling pressure and after gap
down opening at the starting of week it slipped around
270 point in a week but around 9690 it given some
bounce which was low in July. Since coming near mid
term support level as well as on the first day of October
series finished with gravestone doji formation so below
9680 we can see strong selling up to 9500 for that sell
will be good in bounce back around 9850-9875 with stop
loss of 10010.
INDICES R2 R1 PIVOT S1 S2
NIFTY 9916.1 9858.3 9823.1 9765.3 9730.1
BANKNIFTY 24367 24216 24116 23965 23865

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Special Report
03 OCT-2017
COMMODITY ROUNDUP
Gold futures edged higher on MCX despite the hopes for a
US tax reform plan and a rate hike before the end of the
year continued to support demand for the US dollar. The
contract for October delivery was trading at Rs 29630.00, up
by 0.07% or Rs 22.00 from its previous closing of Rs
29608.00. The open interest of the contract stood at 3164
lots. The contract for December delivery was trading at Rs
29828.00, up by 0.27% or Rs 79.00 from its previous closing
of Rs 29749.00. The open interest of the contract stood at
7241 lots on MCX. Gold and silver were trading in a narrow
range in morning trade on Friday on account of subdued
demand in precious metals from jewellers, industries and
investors. MCX Gold futures were down 0.13 per cent, or
Rs 38, at Rs 29,570 per 10 gram around 10.40 am (IST),
while MCX Silver futures were down 0.03 per cent, or Rs 12,
at Rs 39,738 per 1 kg. On Friday’s movement of the yellow
metal, brokerage firm Angel Broking said, “We expect gold
prices to trade sideways amid unce .
The international crude oil price of Indian Basket as com-
puted today by Petroleum Planning and Analysis Cell (PPAC)
under the Ministry of Petroleum and Natural Gas was US$
56.50 per barrel (bbl) on 28.09.2017. This was lower than
the price of US$ 56.75 per bbl on previous publishing day of
27.09.2017. In rupee terms, the price of Indian Basket de-
creased to Rs. 3715.68 per bbl on 28.09.2017 as compared
to Rs. 3728.25 per bbl on 27.09.2017. Rupee closed weaker
at Rs. 65.76 per US$ on 28.09.2017 as compared to Rs.
65.69 per US$ on 27.09.2017.
COMEX Copper futures edged up sharply yesterday as sup-
portive US economic data and strong bargain hunting
pushed up the metal. The commodity is trying to recover
from a corrective spell that pulled the futures to a five week
low and a sound US GDP reading provided good impetus to
the bulls, taking the COMEX Copper near the key $3 per
pound level. The commodity is currently trading at $2.9890
per pound, up 0.27% on the day. These are the highest lev-
els in last two weeks for the counter. The MCX Copper fu-
tures soared sharply in tune with the global cues yesterday,
surging near Rs 432 per kg levels. Expect further gains today
though highs around Rs 435/435 are likely to act as critical
resistance in intraday moves.
China, as the world's largest buyer of nickel, indicated that
this year, China's procurement of refined nickel has
dropped to the lowest level since 2014, but the procure-
ment of nickel iron and nickel pig iron has more than dou-
bled compared with the past two years. Most of China's
nickel pig iron imports came from Indonesia, after Indonesia
once restricted the export of ore.
RECOMMENDATIONS
GOLD
BUY GOLD OCT ABOVE 29650 TGT 29700 29800 SL BELOW
29550
SELL GOLD OCT BELOW 29500 TGT 29450 29350 SL ABOVE
29600
SILVER
BUY SILVER DEC ABOVE 39600 TGT 39750 3990 SL BELOW
39450
SELL SILVER DEC BELOW 39300 TGT 39150 39000 SL ABOVE
39450

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Special Report
03 OCT-2017
NCDEX INDICES
Index Value % Change
BARLEY 1434 -0.17
CASTOR SEEDS 4614 0.54
CORIANDER 4425 -3.85
COTTON SEED 1503 1.01
GUAR SEED 3727 -0.21
JEERA 19175 0.81
MUSTARDSEED 3738 -0.19
SOYA BEAN 2983 -0.67
TURMERIC 7320 0.99
WHEAT 1621 0.06
RECOMMENDATIONS
GUARGUM
BUY GUARGUM5 OCT ABOVE 8080 TGT 8110 8150 8200 SL
BELOW 8030
SELL GUARGUM5 OCT BELOW 7970 TGT 7940 7900 7850 SL
ABOVE 8020
CORIANDER
BUY CORIANDER OCT ABOVE 4500 TGT 4530 4570 4620 SL
BELOW 4450
SELL CORIANDER OCT BELOW 4410 TGT 4380 4340 4290 SL
ABOVE 4460
Turmeric futures traded higher on NCDEX on rising physical
demand at the spot market. Though, some gains were
capped on anticipation of good production from turmeric
growing areas in Telangana and Karnataka. The contract for
October delivery was trading at Rs 7316.00, up by 0.94% or
Rs 68.00 from its previous closing of Rs 7248.00. The open
interest of the contract stood at 5725 lots. The contract for
November delivery was trading at Rs 7340.00, up by 1.16%
or Rs 84.00 from its previous closing of Rs 7256.00.
Jeera futures traded higher on NCDEX due to rising exports
demand at the spot market. Though, some gains were
capped due to good availability of jeera from the producing
regions. The contract for October delivery was trading at Rs
19160.00, up by 0.74% or Rs 140.00 from its previous clos-
ing of Rs 19020.00. The open interest of the contract stood
at 7548 lots. The contract for November delivery was trad-
ing at Rs 19240.00, up by 0.94% or Rs 180.00 from its previ-
ous closing of Rs 19060.00. Chana prices drifted down by
0.84 per cent to Rs 5,565 per quintal in futures trading to-
day as speculators reduced exposure amid muted demand
in the spot market against adequate stocks position. At the
National Commodity and Derivatives Exchange, chana for
delivery in November fell by Rs 47, or 0.84 per cent to Rs
5,565 per quintal with an open interest of 26,250 lots. Like-
wise, the commodity for delivery in declined by Rs 43, or
0.77 per cent to Rs 5,556 per quintal in 17480 lots.
Refined soya oil prices moved down by 0.22 per cent to Rs
670.60 per 10 kg in futures trading today as speculators
trimmed their positions, driven by subdued demand in the
spot markets. At the National Commodity and Derivatives
Exchange, refined soya oil for delivery in October fell by Rs
1.45, or 0.22 per cent to Rs 670.60 per 10 kg with an open
interest of 43,000 lots. Similarly, the oil for delivery in No-
vember shed Rs 1.25, or 0.19 per cent to Rs 672.40 per 10
kg in 32570 lots.

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Special Report
03 OCT-2017
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 65.3552 Yen 58.0300
Euro 77.0603 GBP 87.7067
EUR/INR
BUY EURINR FUTURE ABOVE 77.4900 TARGET
77.5900/77.6900 SL 77.2900
SELL EURINR FUTURE BELOW 77.1900 TARGET
77.0900/76.9900 SL 77.3900
GBP/INR
BUY GBPINR FUTURE ABOVE 87.8400 TARGET
87.9400/88.0400 SL 87.6400
SELL GBPINR FUTURE BELOW 87.6200 TARGET
87.5200/87.4200 SL 87.8200
The pound dropped against the U.S. dollar on Friday, after
the release of downbeat UK economic growth data, while
hopes for an upcoming U.S. tax overhaul continued to lend
support to the greenback. GBP/USD was down 0.43% at
1.3383 by 04:45 a.m. ET (08:45 GMT), re-approaching
Thursday's two-week lows of 1.3344. The UK Office for Na-
tional Statistics reported on Friday that the UK gross do-
mestic product expanded 1.5% in the second quarter, year-
over-year, down from a previous estimate of 1.7%. On a
quarterly basis, the UK economy grew 0.3% in the three
months to June, in line with analysts' expectations. A sepa-
rate report showed that the UK current account deficit
widened to £23.2 billion in the second quarter from £22.3
billion in the first quarter of 2017, whose figure was re-
vised from a previously estimated deficit of £16.9 billion.
The dollar was moderately higher against other major cur-
rencies on Friday, as investors eyed a batch of U.S. data
due later in the day and as hopes for an upcoming U.S. fis-
cal plan continued to support. The greenback was boosted
after U.S. President Donald Trump unveiled a plan on
Wednesday calling for lower tax rates for businesses and
individuals as part of a comprehensive overhaul of the U.S.
tax code. However, the proposal still faces an uphill battle
in the U.S. Congress, with the Republican Party divided
over it and Democrats hostile.
A confluence of factors, including sharply slower-than-
expected economic growth, rising oil prices, and worries
the government might boost spending and widen its fiscal
deficit target have combined to pummel Indian markets in
September. The rupee INR=D2 slumped 2.2 percent this
month, its worst monthly performance since November
and the second-worst performance in Asia after the Japa-
nese yen . Meanwhile, shares have lost more than 1 per-
cent, and the benchmark 10-year bond yield-
IN10YT=RR rose 9 basis points. Foreign investors are also
selling in equities, with net outflows of $1.11 billion in Sep-
tember, adding to their $2 billion outflow last month - the
longest streak since sales of more than $4.5 billion from
last October to January. "On a structural long-term basis
India remains head and shoulders above all other emerging
markets."

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Special Report
03 OCT-2017
Date
Commodity/ Cur-
rency Pairs
Contract Strategy Entry Level Target
Stop
Loss
Remark
29/09/17 NCDEX DHANIYA OCT. BUY 4680
4710-4750-
4800
4630 NOT EXE
29/09/17 NCDEX DHANIYA OCT. SELL 4580
4550-4510-
4460
4630 TARGET
29/09/17 NCDEX GUARGUM OCT. BUY 8060
8090-8130-
8180
8010 SL
29/09/17 NCDEX GUARGUM OCT. SELL 7920
7890-7850-
7800
7970 NOT EXE
29/09/17 MCX GOLD OCT. BUY 29750 29800-29900 29650 NOT EXE
29/09/17 MCX GOLD OCT. SELL 29500 29450-29350 29600 NOT EXE
29/09/17 MCX SILVER DEC. BUY 40000 40150-40300 39800 NOT EXE
29/09/17 MCX SILVER DEC. SELL 39500 39350-39250 39700 TARGET
Date Scrip
CASH/
FUTURE/
Strategy Entry Level Target Stop Loss Remark
29/09/17 NIFTY FUTURE BUY 9770-9775 9840-9900 9720 NOT EXE
29/09/17 BANKNIFTY FUTURE BUY 23890-23900 24100-24300 23700 NOT EXE
29/09/17 HDFC BANK FUTURE BUY 1805 1820-1840 1790 OPEN
29/09/17
DWARKESH
SUGAR
CASH BUY 61-61.50 64.50,68.50 59.50 NOT EXE

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Special Report
03 OCT-2017
NEXT WEEK'S U.S. ECONOMIC REPORTS
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port does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and
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Disclaimer
TIME (ET) REPORT PERIOD ACTUAL FORECAST PREVIOUS
MONDAY, SEPT. 25
8:30 AM Chicago Fed national activity Aug. -- -0.01
TUESDAY, SEPT. 26
9 am Case-Shiller home prices July -- 5.80%
10 am Consumer confidence index Sept. 118.5 122.9
10 am New home sales Aug. 593,000 571,000
WEDNESDAY, SEPT. 27
8:30 AM Durable goods orders Aug. 1.10% -6.8
8:30 AM Core capital goods orders Aug. -- 1.00%
10 am Pending home sales Aug. -- -0.80%
THURSDAY, SEPT. 28
8:30 AM Weekly jobless claims 23-Sep 260,000 259,000
8:30 AM Gross domestic product Q2 3.10% 3.00%
8:30 AM Advance trade in goods Aug. -$66 bln -$65.1bln
FRIDAY, SEPT. 29
8:30 AM Personal income Aug. 0.10% 0.40%
8:30 AM Consumer spending Aug. 0.20% 0.30%
8:30 AM Core inflation Aug. 0.20% 0.10%
9:45 AM Chicago PMI Sept. -- 58.9
10 am Consumer sentiment Sept. 94.5 95.3

Special report by epic research of 03 october 2017

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