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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
08 Dec-2017
Global markets at a glance
Wall Street indexes cruised to record highs on Monday,
with optimism about a Republican plan to slash corporate
taxes fuelling gains in banks, while Microsoft and other
technology stocks dropped. Bank of America , JPMorgan
Chase , Wells Fargo & Co and Citigroup jumped over 2
percent after the US Senate approved its tax bill on
Saturday. Once the Senate and House of Representatives
reconcile their respective versions of the legislation, the
resulting bill could cut corporate tax rates to 20 percent
from 35 percent. "It will likely result in increased dividends
and share repurchases, and that makes valuations more
reasonable and should prolong the rally," said Tim
Ghriskey, chief investment officer of Solaris Group in
Bedford Hills, New York. U.S. stocks rose on Thursday as
technology stocks regained some of the ground they lost in
the past week.
The Dow Jones industrial average gained 70.57 points to
close at 24,211.48, after briefly rising more than 100
points. The S&P 500 advanced 0.3 percent to 2,636.98.
Information technology was among the best-performing
sectors in the S&P 500, advancing 0.6 percent.
Asian shares were subdued on Tuesday as investors'
rotation out of technology shares took the toll on some of
the region's tech heavyweights although hopes of a major
tax cut in the United States underpinned risk sentiment.
MSCI's broadest index of Asia-Pacific shares outside Japan
were capped by the fall in the region's technology shares,
with Samsung Electronics losing 1.5 percent.
Japan's Nikkei fell 0.4 percent, with semiconductor-related
shares such as Tokyo Electron and Shin-etsu Chemical
leading the losses. On Wall Street, the benchmark S&P 500
finished lower on Monday after setting a record intraday
high earlier as the technology sector , which has led Wall
Street's record-setting rally this year, tumbled 1.9 percent.
Previous day Roundup
Last trading session NIFTY Future jump around 120 points
and close above 10150 with big bullish candlestick in daily
chart due to short covering and value buying across sector,
So we can seen good bounce back ahead So we can seen
follow buy on decline strategy, So we advise you to buy
around 10150-10155 for the target of 10200-10250 with SL
of 10100
Index stats
The Market was very volatile in last session. The sartorial in
d i c e s p e r f o r m e d a s f o l l o w ; C o n s u m e r D u r a b l e s
[15.99pts],CapitalGoods[45.78pts],PSU[25.76pts],FMCG
[32.17pts],Realty[7.04pts],Power[1.44pts],Auto
[136.32pts],Healthcare[51.47pts],IT[14.54pts],Metal
[89.74pts],TECK[29.77pts], Oil& Gas [67.33pts].
World Indices
Index
Value % Change
DJI 22,980.00 0.31
S&P500 2,554.00 0.12
NASDAQ 6,812.84 0.54
FTSE100 7,320.75 -0.37
NIKKEI 22,746.60 1.09
HANG SENG 28,555.82 0.88
Top Gainers
Company CMP Change % Chg
GAIL 492.55 36.5 8
Bharti Airtel 514.7 31.25 6.46
Tech Mahindra 497.3 25.05 5.3
UPL 722 36.1 5.26
Maruti Suzuki 8,609.00 9.90 0.12Top Losers
Company
CMP Change % Chg
Coal India 262.8 -2.3 -0.87
TCS 2,617.25 -16.05 -0.61
Cipla 593.45 -3 -0.5
Wipro 281.2 -1.3 -0.46
Adani Ports 386.75 -11.25 -2.83Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
AEGISCHEM 254 5 1.97
AJMERA 339.9 14.6 4.3
APEX 901.25 -45.05 -5
ASPINWALL 404.95 43.05 10.63
BALKRISIND 2184.15 56.95 2.61
BIOCON 519 3.05 0.59
GAYAPROJ 209.15 7.85 3.75
Indian Indices
Company CMP Change % Chg
NIFTY 10166.70 122.60 1.22
SENSEX 32949.21 352.03 1.08
Stocks at 52 Week’s LOW
Symbol
Prev. Close Change %Chg
BHARATIDIL 7.2 -0.35 -4.86
CLEDUCATE 305.85 -4.1 -1.34
CLNINDIA 559.45 -2.85 -0.51
_____________________________________________________________________________________________________________________
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
08 Dec-2017
STOCK RECOMMENDATION [CASH]
AXISCADES [CASH]
AXISCADES is looking bullish on daily chart, it has given
volume breakout on daily chart and closed near to days
high. RSI and CCI took reversal on daily chart and moving
towards overbought zone. We expect rally will continue
and it will made new high. BUY AXISCADES ABOVE 166.50
TARGET 170 / 175 SL BELOW 160.
MACRO NEWS
 RBI unlikely to tinker with rates anytime soon; trust
accrual funds & short term bond funds.
 "Volume is unlikely to make up for the shortfall in
reduction of fees in the short-term and hence, the
near-term impact would be marginally negative for a
few players like Axis, HDFC, ICICI and SBI," analysts at
domestic brokerage Kotak Securities said in a note.
 Indian Sugar Mills Association (ISMA) said around 66
crore litre of ethanol was lifted by OMCs (oil marketing
companies) for the ethanol blending programme in
2016-17 season (December–November). The previous
record was 111 crore litre in 2015-16.
 Muthoot Finance launches new loan scheme for SMEs.
Under the scheme, Muthoot Finance will disburse gold
loans above Rs 10 lakh at an interest rate of 12 per
cent per annum, said Babu John Malayil, Deputy
General Manager, Muthoot Finance.
 Oil prices were expected to continue their rise after
the cartel of Organization of Petroleum Exporting
Countries (OPEC) decided to continue with the
ongoing production cut by one more year. It did rise
on the news but the trajectory oil prices took after the
first bearish news hit the market suggests that the bull
market is not as strong as earlier envisaged.
RECOMMENDATIONS [FUTURE]
1. HAVELLS [FUTURE ]
Last trading session HAVELLS future show good strength,
and respect major resistance level and close near resistance
level with bullish candlestick in daily chart, and stock show
continued buying at lower levels. So it’s good we can follow
buying strategy. We may see rise for that it will be good to
buy above 530 for the target of 535-540 with SL of 525.
2. MOTHERSUMI [FUTURE]
Last trading session MOTHERSUMI Future given positive
performance. And ended near resistance level and close
with bullish candlestick in daily chart chart, And since last
session it rose with rising OI in short side, It’s indicate if
future cross resistance level we can see sharp upside ahead,
so we will advise to buy above 375 for the target of 380-385
with stop loss of 370.
_____________________________________________________________________________________________________________________
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
08 Dec-2017
MOST ACTIVE CALL OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 10,300 82.50 1,89,496 44,77,200
NIFTY CE 10,200 130.10 1,61,177 34,96,650
BANKNIFTY CE 25,100 0.05 14,39,357 21,01,520
RELIANCE CE 940 22.30 3,620 15,76,000
INFY CE 1,000 20.45 3,318 8,71,000
TATAMOTORS CE 410 10.00 2,560 18,12,000
TATASTEEL CE 700 12.55 2,516 9,86,000
MARUTI CE 8,700 265.05 2,803 44,025
MOST ACTIVE PUT OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY PE 10,000 61.30 1,59,152 86,94,750
BANKNIFTY PE 24,500 0.05 1,50,674 9,33,960
NIFTY PE 10,100 88.05 1,18,732 39,11,250
MARUTI PE 8,600 53.50 2,950 65,925
IRB PE 200 5.20 2,224 28,32,500
INFY PE 980 13.00 1,694 4,51,500
RELIANCE PE 900 9.15 1,932 8,84,000
DLF PE 230 5.75 1,545 28,50,000
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 28661 2528.17 36387 2974.55 203668 16081.31 -446.3778
INDEX OPTIONS 755055 66768.57 755382 66709.84 1170378 92236.59 58.7356
STOCK FUTURES 116039 8124.56 108768 7606.50 998888 68042.85 518.0645
STOCK OPTIONS 52400 3775.25 52948 3811.02 47171 3355.60 -35.7768
94.6455
STOCKS IN NEWS
 Tata Motors gains 2% after Jaguar Land Rover
reports 10% growth in November sales.
 Maruti hits new record high, Future Consumer
zooms 14%.
NIFTY FUTURE
Last trading session NIFTY Future jump around 120
points and close above 10150 with big bullish candlestick
in daily chart due to short covering and value buying
across sector, So we can seen good bounce back ahead
So we can seen follow buy on decline strategy, So we
advise you to buy around 10150-10155 for the target of
10200-10250 with SL of 10100.
INDICES R2 R1 PIVOT S1 S2
NIFTY 10305.85 10254.40 10166.70 10115.25 10027.55
BANKNIFTY 25375.76 25273.88 25107.11 25005.23 24838.46
_____________________________________________________________________________________________________________________
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
08 Dec-2017
COMMODITY ROUNDUP
Gold futures traded higher on MCX, as investors triggered
fresh buying amid weak domestic stock and commodity
market. Though, it pared some gains as the bullion declined
in overseas market amid stronger US dollar and positive
global cues.
The contract for February delivery was trading at Rs
28970.00 up by 0.29% or Rs 83.00 from its previous closing
of Rs 28887.00. The open interest of the contract stood at
6568 lots. The contract for April delivery was trading at Rs
29025.00 up by 0.27% or Rs 79.00 from its previous closing
of Rs 28946.00. The open interest of the contract stood at
338 lots on MCX.
Comex copper futures ended lower on Tuesday on doubts
about the strength of Chinese demand for the metal, an
improving supply picture and a jump in warehouse stocks of
the metal. LME copper also came under pressure from an
uptick in warehouse inventories with headline stocks rising
10,650 tonnes to 192,550 tonnes. Further, the firm dollar
for a second straight session on continued optimism
surrounding US tax reform, too weighed on copper prices.
Copper futures for March delivery dropped 4.7 percent to
settle at $2.946 a pound on the Comex metals division of
New York Mercantile Exchange. While, copper on the
London Metal Exchange ended down 4.2 percent at $6,542
a metric ton.
Nickel futures drifted lower on MCX, on offloading positions
by speculators on the back of tepid demand from alloy-
makers in the physical market.
The contract for December delivery was trading at Rs
700.40, down by 0.31% or Rs 2.20 from its previous closing
of Rs 702.60. The open interest of the contract stood at
24953 lots. The contract for January delivery was trading at
Rs 705.30, down by 0.35% or Rs 2.50 from its previous
closing of Rs 707.80. The open interest of the contract stood
at 585 lots on MCX.
Crude oil futures declined on MCX as speculators reduced
their positions followed by a weakening trend overseas,
amid speculation weekly supply data due later in the day
will show a sizable gain in US gasoline and fuel supplies.
Further, profit-booking at existing levels too weighed on
crude oil prices. The contract for December delivery was
trading at Rs 3694.00, down by 0.81% or Rs 30.00 from its
previous closing of Rs 3724.00.
The open interest of the contract stood at 19051 lots. The
contract for January delivery was trading at Rs 3710.00,
down by 0.75% or Rs 28.00 from its previous closing of Rs
3738.00. The open interest of the contract stood at 1389
lots on MCX.
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
BUY GOLD DEC ABOVE 28800 TGT 28850 28950 SL BELOW
28750
SELL GOLD DEC BELOW 28650 TGT 28600 28500 SL ABOVE
28700
SILVER
TRADING STRATEGY:
BUY SILVER DEC ABOVE 37400 TGT 37600 38000 SL BELOW
37200
SELL SILVER DEC BELOW 37000 TGT 36800 36400 SL ABOVE
37200
_____________________________________________________________________________________________________________________
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
08 Dec-2017
NCDEX INDICES
Index Value % Change
Castor Seed 4441 -2.48
Chana 4350 -2.38
Coriander 5551 -0.82
Cotton Seed Oilcake 1602 -0.87
Guar Seed 10 MT 3745 -1.95
Jeera 21670 0.39
Mustardseed 3976 -1.49
Soy Bean 3083 -0.45
Turmeric 7448 0.38
Wheat 1622 -1.34
RECOMMENDATIONS
DHANIYA
BUY CORIANDER DEC ABOVE 5600 TGT
5650 5750 SL BELOW 5550
SELL CORIANDER DEC BELOW 5480 TGT 5430 5330 SL
ABOVE 5530
GUARGUM
BUY GUARGUM5 DEC ABOVE 8580 TGT
8630 8730 SL BELOW 8530
SELL GUARGUM5 DEC BELOW 8490 TGT 8440 8340 SL
ABOVE 8540
Coriander futures traded lower on NCDEX, extending
downdraft as traders continued locking in profits and on
muted spot and export demand. Besides, ample stock
position on increased supplies from producing belts, too
fueled the down trend. The contract for December delivery
was trading at Rs 5534 .00, dipped by 1.13% or Rs 63.00
from its previous closing of Rs 5597.00. The open interest of
the contract stood at 8710 lots. The contract for January
delivery was trading at Rs 5642.00, down by 0.46 % or Rs
26.00 from its previous closing of Rs 5668.00. The open
interest of the contract stood at 37720 lots on NCDEX.
Soybean futures traded lower on NCDEX as speculators
trimmed their positions, despite good demand as Soybean
Processors Association of India (SOPA) increased its
estimates for meal exports for 2017/18. Moreover, earlier
government has increased export incentives by 2% for all
meals. Meanwhile, soybean prices rose at international
markets as concerns over dryness in Argentina. The
contract for December delivery was trading at Rs 3068.00,
down by 0.94% or Rs 29.00 from its previous closing of Rs
3097.00. The open interest of the contract stood at 51070
lots. The contract for January delivery was trading at Rs
3128.00, down by 1.01% or Rs 32.00 from its previous
closing of Rs 3160.00. The open interest of the contract
stood at 231380 lots on NCDEX.
Jeera futures edged down on NCDEX, as market players
eyed on further technical correction due to encouraging
jeera sowing progress in Gujarat. Though, the export
demand drive price to all-time highs coupled with
diminishing stocks with the traders capped further loss. The
contract for December delivery was trading at Rs 21470 .00,
edged down by 0.53 % or Rs 115.00 from its previous
closing of Rs 21585.00. The open interest of the contract
stood at 9060 lots.
_____________________________________________________________________________________________________________________
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
08 Dec-2017
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 64.5388 Yen 57.3300
Euro 76.0848 GBP 86.3142
USD/INR
BUY USD/INR AROUND 64.74 TGT 64.86-64.99 SL 64.60
SELL USD/INR AROUND 64.50 TGT 64.38-64.25 SL 64.65
EUR/INR
BUY EUR/INR ABOVE 76.50 TGT 76.62-76.75 SL 76.45
SELL EUR/INR BELOW 76.25 TGT 76.13-76.00 SL 76.40
The Indian rupee opened lower by 3 paise at 67.95 per
dollar on Monday versus 67.92 Friday. "We expect the
rupee to gain after finding support at 68/dollar. We expect
the USD-INR pair to trade in a range of 67.80-68.20/dollar
today". The dollar index slipped well below the 103 mark.
The euro surged against the dollar, currently at 1.05. The
rupee appreciated for a fifth day to a seven-week high
against the US dollar, as equities joined a global rally after
upbeat US jobs numbers eased fears of a widespread
economic slowdown. In the currency futures market, the
most traded dollar-rupee March contract on the NSE
ended at 67.59. The March contract open interest was up
4.18% from the previous day. Dollar to Rupee forecast on
Friday, December, 8: exchange rate 64.60 Rupees,
maximum 65.57 Rs, minimum 63.63 Rs. USD to INR
forecast on Monday, December, 11: exchange rate 64.73
Rupees, maximum 65.70 Rs, minimum 63.76 Rs. Dollar to
Rupee forecast on Tuesday, December, 12: exchange rate
64.75 Rupees, maximum 65.72 Rs, minimum 63.78 Rs. USD
to INR forecast on Wednesday, December, 13: exchange
rate 64.61 Rupees, maximum 65.58 Rs, minimum 63.64 Rs.
Euro to Rupee forecast on Friday, December, 8: exchange
rate 76.23 Rupees, maximum 77.37 Rs, minimum 75.09 Rs.
EUR to INR forecast on Monday, December, 11: exchange
rate 76.38 Rupees, maximum 77.53 Rs, minimum 75.23 Rs.
Euro to Rupee forecast on Tuesday, December, 12:
exchange rate 75.95 Rupees, maximum 77.09 Rs, minimum
74.81 Rs. EUR to INR forecast on Wednesday, December,
13: exchange rate 75.59 Rupees, maximum 76.72 Rs,
minimum 74.46 Rs. Rupee has gone from being one of
Asia’s best-performing exchange rates in the first half to
among the worst.
_____________________________________________________________________________________________________________________
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
08 Dec-2017
Date
Commodity/
Currency Pairs
Contract Strategy Entry Level Target
Stop
Loss
Remark
08/11/17 NCDEX DHANIYA DEC. BUY 5600 5650 5750 5550 NOT EXECUTED
08/11/17 NCDEX DHANIYA DEC. SELL 5480 5430 5330 5530 TARGET HIT
08/11/17
NCDEX
GUARGUM
DEC. BUY 8700 8750 8850 8650 NOT EXECUTED
08/11/17
NCDEX
GUARGUM
DEC. SELL 8550 8500 8400 8600 TARGET HIT
08/11/17 MCX GOLD FEB. BUY 29050 29100 29200 28950 NOT EXECUTED
08/11/17 MCX GOLD FEB. SELL 28900 28850 28750 29000 TARGET HIT
08/11/17 MCX SILVER MAR. BUY 37800 38000 38300 37600 NOT EXECUTED
08/11/17 MCX SILVER MAR. SELL 37400 37200 36900 37600 TARGET HIT
Date Scrip
CASH/
FUTURE/
Strategy Entry Level Target Stop Loss Remark
08/11/17 NIFTY FUTURE BUY
10150-10155
10200-10250 10100 TARGET HIT
08/11/17 HAVELLS FUTURE BUY 530
535-540
525 TARGET HIT
08/11/17
MOTHERSUMI
FUTURE BUY 375 380-385 370 NOT EXECUTED
08/11/17 AXISCADES CASH BUY 166.50 170-175 160 TARGET HIT
_____________________________________________________________________________________________________________________
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
08 Dec-2017
NEXT WEEK'S U.S. ECONOMIC REPORTS
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 personal
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 particular investments
and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on
the information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projections 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
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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, DEC. 4
10 am Factory orders Oct. -- 1.4%
TUESDAY, DEC. 5
8;30 am Trade deficit Oct. -- -$43.5bln
10 am
WEDNESDA
Y, DEC. 6
WEDNESDAY, DEC. 6
WEDNESDAY
, DEC. 6
WEDNESDAY, DEC. 6
WEDNESDAY,
DEC. 6
WEDNESD
AY, DEC. 6
8:15 am ADP employment Nov. -- 235,000
8:30 am Productivity Q3 -- 3.0%
8:30 am
THURSDAY,
DEC. 7
THURSDAY, DEC. 7
THURSDAY,
DEC. 7
THURSDAY, DEC. 7
THURSDAY, DEC.
7
THURSDA
Y, DEC. 7
8:30 am Weekly jobless claims 12/2 -- -
3 pm
FRIDAY,
DEC. 8
FRIDAY, DEC. 8
FRIDAY,
DEC. 8
FRIDAY, DEC. 8 FRIDAY, DEC. 8
FRIDAY,
DEC. 8
8:30 am Nonfarm payrolls Nov. -- 261,000

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Special report by epic research of 08 december 2017

  • 1. _____________________________________________________________________________________________________________________ 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 08 Dec-2017 Global markets at a glance Wall Street indexes cruised to record highs on Monday, with optimism about a Republican plan to slash corporate taxes fuelling gains in banks, while Microsoft and other technology stocks dropped. Bank of America , JPMorgan Chase , Wells Fargo & Co and Citigroup jumped over 2 percent after the US Senate approved its tax bill on Saturday. Once the Senate and House of Representatives reconcile their respective versions of the legislation, the resulting bill could cut corporate tax rates to 20 percent from 35 percent. "It will likely result in increased dividends and share repurchases, and that makes valuations more reasonable and should prolong the rally," said Tim Ghriskey, chief investment officer of Solaris Group in Bedford Hills, New York. U.S. stocks rose on Thursday as technology stocks regained some of the ground they lost in the past week. The Dow Jones industrial average gained 70.57 points to close at 24,211.48, after briefly rising more than 100 points. The S&P 500 advanced 0.3 percent to 2,636.98. Information technology was among the best-performing sectors in the S&P 500, advancing 0.6 percent. Asian shares were subdued on Tuesday as investors' rotation out of technology shares took the toll on some of the region's tech heavyweights although hopes of a major tax cut in the United States underpinned risk sentiment. MSCI's broadest index of Asia-Pacific shares outside Japan were capped by the fall in the region's technology shares, with Samsung Electronics losing 1.5 percent. Japan's Nikkei fell 0.4 percent, with semiconductor-related shares such as Tokyo Electron and Shin-etsu Chemical leading the losses. On Wall Street, the benchmark S&P 500 finished lower on Monday after setting a record intraday high earlier as the technology sector , which has led Wall Street's record-setting rally this year, tumbled 1.9 percent. Previous day Roundup Last trading session NIFTY Future jump around 120 points and close above 10150 with big bullish candlestick in daily chart due to short covering and value buying across sector, So we can seen good bounce back ahead So we can seen follow buy on decline strategy, So we advise you to buy around 10150-10155 for the target of 10200-10250 with SL of 10100 Index stats The Market was very volatile in last session. The sartorial in d i c e s p e r f o r m e d a s f o l l o w ; C o n s u m e r D u r a b l e s [15.99pts],CapitalGoods[45.78pts],PSU[25.76pts],FMCG [32.17pts],Realty[7.04pts],Power[1.44pts],Auto [136.32pts],Healthcare[51.47pts],IT[14.54pts],Metal [89.74pts],TECK[29.77pts], Oil& Gas [67.33pts]. World Indices Index Value % Change DJI 22,980.00 0.31 S&P500 2,554.00 0.12 NASDAQ 6,812.84 0.54 FTSE100 7,320.75 -0.37 NIKKEI 22,746.60 1.09 HANG SENG 28,555.82 0.88 Top Gainers Company CMP Change % Chg GAIL 492.55 36.5 8 Bharti Airtel 514.7 31.25 6.46 Tech Mahindra 497.3 25.05 5.3 UPL 722 36.1 5.26 Maruti Suzuki 8,609.00 9.90 0.12Top Losers Company CMP Change % Chg Coal India 262.8 -2.3 -0.87 TCS 2,617.25 -16.05 -0.61 Cipla 593.45 -3 -0.5 Wipro 281.2 -1.3 -0.46 Adani Ports 386.75 -11.25 -2.83Stocks at 52 Week’s HIGH Symbol Prev. Close Change %Chg AEGISCHEM 254 5 1.97 AJMERA 339.9 14.6 4.3 APEX 901.25 -45.05 -5 ASPINWALL 404.95 43.05 10.63 BALKRISIND 2184.15 56.95 2.61 BIOCON 519 3.05 0.59 GAYAPROJ 209.15 7.85 3.75 Indian Indices Company CMP Change % Chg NIFTY 10166.70 122.60 1.22 SENSEX 32949.21 352.03 1.08 Stocks at 52 Week’s LOW Symbol Prev. Close Change %Chg BHARATIDIL 7.2 -0.35 -4.86 CLEDUCATE 305.85 -4.1 -1.34 CLNINDIA 559.45 -2.85 -0.51
  • 2. _____________________________________________________________________________________________________________________ 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 08 Dec-2017 STOCK RECOMMENDATION [CASH] AXISCADES [CASH] AXISCADES is looking bullish on daily chart, it has given volume breakout on daily chart and closed near to days high. RSI and CCI took reversal on daily chart and moving towards overbought zone. We expect rally will continue and it will made new high. BUY AXISCADES ABOVE 166.50 TARGET 170 / 175 SL BELOW 160. MACRO NEWS  RBI unlikely to tinker with rates anytime soon; trust accrual funds & short term bond funds.  "Volume is unlikely to make up for the shortfall in reduction of fees in the short-term and hence, the near-term impact would be marginally negative for a few players like Axis, HDFC, ICICI and SBI," analysts at domestic brokerage Kotak Securities said in a note.  Indian Sugar Mills Association (ISMA) said around 66 crore litre of ethanol was lifted by OMCs (oil marketing companies) for the ethanol blending programme in 2016-17 season (December–November). The previous record was 111 crore litre in 2015-16.  Muthoot Finance launches new loan scheme for SMEs. Under the scheme, Muthoot Finance will disburse gold loans above Rs 10 lakh at an interest rate of 12 per cent per annum, said Babu John Malayil, Deputy General Manager, Muthoot Finance.  Oil prices were expected to continue their rise after the cartel of Organization of Petroleum Exporting Countries (OPEC) decided to continue with the ongoing production cut by one more year. It did rise on the news but the trajectory oil prices took after the first bearish news hit the market suggests that the bull market is not as strong as earlier envisaged. RECOMMENDATIONS [FUTURE] 1. HAVELLS [FUTURE ] Last trading session HAVELLS future show good strength, and respect major resistance level and close near resistance level with bullish candlestick in daily chart, and stock show continued buying at lower levels. So it’s good we can follow buying strategy. We may see rise for that it will be good to buy above 530 for the target of 535-540 with SL of 525. 2. MOTHERSUMI [FUTURE] Last trading session MOTHERSUMI Future given positive performance. And ended near resistance level and close with bullish candlestick in daily chart chart, And since last session it rose with rising OI in short side, It’s indicate if future cross resistance level we can see sharp upside ahead, so we will advise to buy above 375 for the target of 380-385 with stop loss of 370.
  • 3. _____________________________________________________________________________________________________________________ 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 08 Dec-2017 MOST ACTIVE CALL OPTION Symbol Optio n Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 10,300 82.50 1,89,496 44,77,200 NIFTY CE 10,200 130.10 1,61,177 34,96,650 BANKNIFTY CE 25,100 0.05 14,39,357 21,01,520 RELIANCE CE 940 22.30 3,620 15,76,000 INFY CE 1,000 20.45 3,318 8,71,000 TATAMOTORS CE 410 10.00 2,560 18,12,000 TATASTEEL CE 700 12.55 2,516 9,86,000 MARUTI CE 8,700 265.05 2,803 44,025 MOST ACTIVE PUT OPTION Symbol Optio n Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY PE 10,000 61.30 1,59,152 86,94,750 BANKNIFTY PE 24,500 0.05 1,50,674 9,33,960 NIFTY PE 10,100 88.05 1,18,732 39,11,250 MARUTI PE 8,600 53.50 2,950 65,925 IRB PE 200 5.20 2,224 28,32,500 INFY PE 980 13.00 1,694 4,51,500 RELIANCE PE 900 9.15 1,932 8,84,000 DLF PE 230 5.75 1,545 28,50,000 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 28661 2528.17 36387 2974.55 203668 16081.31 -446.3778 INDEX OPTIONS 755055 66768.57 755382 66709.84 1170378 92236.59 58.7356 STOCK FUTURES 116039 8124.56 108768 7606.50 998888 68042.85 518.0645 STOCK OPTIONS 52400 3775.25 52948 3811.02 47171 3355.60 -35.7768 94.6455 STOCKS IN NEWS  Tata Motors gains 2% after Jaguar Land Rover reports 10% growth in November sales.  Maruti hits new record high, Future Consumer zooms 14%. NIFTY FUTURE Last trading session NIFTY Future jump around 120 points and close above 10150 with big bullish candlestick in daily chart due to short covering and value buying across sector, So we can seen good bounce back ahead So we can seen follow buy on decline strategy, So we advise you to buy around 10150-10155 for the target of 10200-10250 with SL of 10100. INDICES R2 R1 PIVOT S1 S2 NIFTY 10305.85 10254.40 10166.70 10115.25 10027.55 BANKNIFTY 25375.76 25273.88 25107.11 25005.23 24838.46
  • 4. _____________________________________________________________________________________________________________________ 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 08 Dec-2017 COMMODITY ROUNDUP Gold futures traded higher on MCX, as investors triggered fresh buying amid weak domestic stock and commodity market. Though, it pared some gains as the bullion declined in overseas market amid stronger US dollar and positive global cues. The contract for February delivery was trading at Rs 28970.00 up by 0.29% or Rs 83.00 from its previous closing of Rs 28887.00. The open interest of the contract stood at 6568 lots. The contract for April delivery was trading at Rs 29025.00 up by 0.27% or Rs 79.00 from its previous closing of Rs 28946.00. The open interest of the contract stood at 338 lots on MCX. Comex copper futures ended lower on Tuesday on doubts about the strength of Chinese demand for the metal, an improving supply picture and a jump in warehouse stocks of the metal. LME copper also came under pressure from an uptick in warehouse inventories with headline stocks rising 10,650 tonnes to 192,550 tonnes. Further, the firm dollar for a second straight session on continued optimism surrounding US tax reform, too weighed on copper prices. Copper futures for March delivery dropped 4.7 percent to settle at $2.946 a pound on the Comex metals division of New York Mercantile Exchange. While, copper on the London Metal Exchange ended down 4.2 percent at $6,542 a metric ton. Nickel futures drifted lower on MCX, on offloading positions by speculators on the back of tepid demand from alloy- makers in the physical market. The contract for December delivery was trading at Rs 700.40, down by 0.31% or Rs 2.20 from its previous closing of Rs 702.60. The open interest of the contract stood at 24953 lots. The contract for January delivery was trading at Rs 705.30, down by 0.35% or Rs 2.50 from its previous closing of Rs 707.80. The open interest of the contract stood at 585 lots on MCX. Crude oil futures declined on MCX as speculators reduced their positions followed by a weakening trend overseas, amid speculation weekly supply data due later in the day will show a sizable gain in US gasoline and fuel supplies. Further, profit-booking at existing levels too weighed on crude oil prices. The contract for December delivery was trading at Rs 3694.00, down by 0.81% or Rs 30.00 from its previous closing of Rs 3724.00. The open interest of the contract stood at 19051 lots. The contract for January delivery was trading at Rs 3710.00, down by 0.75% or Rs 28.00 from its previous closing of Rs 3738.00. The open interest of the contract stood at 1389 lots on MCX. RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD DEC ABOVE 28800 TGT 28850 28950 SL BELOW 28750 SELL GOLD DEC BELOW 28650 TGT 28600 28500 SL ABOVE 28700 SILVER TRADING STRATEGY: BUY SILVER DEC ABOVE 37400 TGT 37600 38000 SL BELOW 37200 SELL SILVER DEC BELOW 37000 TGT 36800 36400 SL ABOVE 37200
  • 5. _____________________________________________________________________________________________________________________ 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 08 Dec-2017 NCDEX INDICES Index Value % Change Castor Seed 4441 -2.48 Chana 4350 -2.38 Coriander 5551 -0.82 Cotton Seed Oilcake 1602 -0.87 Guar Seed 10 MT 3745 -1.95 Jeera 21670 0.39 Mustardseed 3976 -1.49 Soy Bean 3083 -0.45 Turmeric 7448 0.38 Wheat 1622 -1.34 RECOMMENDATIONS DHANIYA BUY CORIANDER DEC ABOVE 5600 TGT 5650 5750 SL BELOW 5550 SELL CORIANDER DEC BELOW 5480 TGT 5430 5330 SL ABOVE 5530 GUARGUM BUY GUARGUM5 DEC ABOVE 8580 TGT 8630 8730 SL BELOW 8530 SELL GUARGUM5 DEC BELOW 8490 TGT 8440 8340 SL ABOVE 8540 Coriander futures traded lower on NCDEX, extending downdraft as traders continued locking in profits and on muted spot and export demand. Besides, ample stock position on increased supplies from producing belts, too fueled the down trend. The contract for December delivery was trading at Rs 5534 .00, dipped by 1.13% or Rs 63.00 from its previous closing of Rs 5597.00. The open interest of the contract stood at 8710 lots. The contract for January delivery was trading at Rs 5642.00, down by 0.46 % or Rs 26.00 from its previous closing of Rs 5668.00. The open interest of the contract stood at 37720 lots on NCDEX. Soybean futures traded lower on NCDEX as speculators trimmed their positions, despite good demand as Soybean Processors Association of India (SOPA) increased its estimates for meal exports for 2017/18. Moreover, earlier government has increased export incentives by 2% for all meals. Meanwhile, soybean prices rose at international markets as concerns over dryness in Argentina. The contract for December delivery was trading at Rs 3068.00, down by 0.94% or Rs 29.00 from its previous closing of Rs 3097.00. The open interest of the contract stood at 51070 lots. The contract for January delivery was trading at Rs 3128.00, down by 1.01% or Rs 32.00 from its previous closing of Rs 3160.00. The open interest of the contract stood at 231380 lots on NCDEX. Jeera futures edged down on NCDEX, as market players eyed on further technical correction due to encouraging jeera sowing progress in Gujarat. Though, the export demand drive price to all-time highs coupled with diminishing stocks with the traders capped further loss. The contract for December delivery was trading at Rs 21470 .00, edged down by 0.53 % or Rs 115.00 from its previous closing of Rs 21585.00. The open interest of the contract stood at 9060 lots.
  • 6. _____________________________________________________________________________________________________________________ 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 08 Dec-2017 RBI Reference Rate Currency Rate Currency Rate Rupee- $ 64.5388 Yen 57.3300 Euro 76.0848 GBP 86.3142 USD/INR BUY USD/INR AROUND 64.74 TGT 64.86-64.99 SL 64.60 SELL USD/INR AROUND 64.50 TGT 64.38-64.25 SL 64.65 EUR/INR BUY EUR/INR ABOVE 76.50 TGT 76.62-76.75 SL 76.45 SELL EUR/INR BELOW 76.25 TGT 76.13-76.00 SL 76.40 The Indian rupee opened lower by 3 paise at 67.95 per dollar on Monday versus 67.92 Friday. "We expect the rupee to gain after finding support at 68/dollar. We expect the USD-INR pair to trade in a range of 67.80-68.20/dollar today". The dollar index slipped well below the 103 mark. The euro surged against the dollar, currently at 1.05. The rupee appreciated for a fifth day to a seven-week high against the US dollar, as equities joined a global rally after upbeat US jobs numbers eased fears of a widespread economic slowdown. In the currency futures market, the most traded dollar-rupee March contract on the NSE ended at 67.59. The March contract open interest was up 4.18% from the previous day. Dollar to Rupee forecast on Friday, December, 8: exchange rate 64.60 Rupees, maximum 65.57 Rs, minimum 63.63 Rs. USD to INR forecast on Monday, December, 11: exchange rate 64.73 Rupees, maximum 65.70 Rs, minimum 63.76 Rs. Dollar to Rupee forecast on Tuesday, December, 12: exchange rate 64.75 Rupees, maximum 65.72 Rs, minimum 63.78 Rs. USD to INR forecast on Wednesday, December, 13: exchange rate 64.61 Rupees, maximum 65.58 Rs, minimum 63.64 Rs. Euro to Rupee forecast on Friday, December, 8: exchange rate 76.23 Rupees, maximum 77.37 Rs, minimum 75.09 Rs. EUR to INR forecast on Monday, December, 11: exchange rate 76.38 Rupees, maximum 77.53 Rs, minimum 75.23 Rs. Euro to Rupee forecast on Tuesday, December, 12: exchange rate 75.95 Rupees, maximum 77.09 Rs, minimum 74.81 Rs. EUR to INR forecast on Wednesday, December, 13: exchange rate 75.59 Rupees, maximum 76.72 Rs, minimum 74.46 Rs. Rupee has gone from being one of Asia’s best-performing exchange rates in the first half to among the worst.
  • 7. _____________________________________________________________________________________________________________________ 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 08 Dec-2017 Date Commodity/ Currency Pairs Contract Strategy Entry Level Target Stop Loss Remark 08/11/17 NCDEX DHANIYA DEC. BUY 5600 5650 5750 5550 NOT EXECUTED 08/11/17 NCDEX DHANIYA DEC. SELL 5480 5430 5330 5530 TARGET HIT 08/11/17 NCDEX GUARGUM DEC. BUY 8700 8750 8850 8650 NOT EXECUTED 08/11/17 NCDEX GUARGUM DEC. SELL 8550 8500 8400 8600 TARGET HIT 08/11/17 MCX GOLD FEB. BUY 29050 29100 29200 28950 NOT EXECUTED 08/11/17 MCX GOLD FEB. SELL 28900 28850 28750 29000 TARGET HIT 08/11/17 MCX SILVER MAR. BUY 37800 38000 38300 37600 NOT EXECUTED 08/11/17 MCX SILVER MAR. SELL 37400 37200 36900 37600 TARGET HIT Date Scrip CASH/ FUTURE/ Strategy Entry Level Target Stop Loss Remark 08/11/17 NIFTY FUTURE BUY 10150-10155 10200-10250 10100 TARGET HIT 08/11/17 HAVELLS FUTURE BUY 530 535-540 525 TARGET HIT 08/11/17 MOTHERSUMI FUTURE BUY 375 380-385 370 NOT EXECUTED 08/11/17 AXISCADES CASH BUY 166.50 170-175 160 TARGET HIT
  • 8. _____________________________________________________________________________________________________________________ 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 08 Dec-2017 NEXT WEEK'S U.S. ECONOMIC REPORTS 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 personal 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 particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projections 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 invitation 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, DEC. 4 10 am Factory orders Oct. -- 1.4% TUESDAY, DEC. 5 8;30 am Trade deficit Oct. -- -$43.5bln 10 am WEDNESDA Y, DEC. 6 WEDNESDAY, DEC. 6 WEDNESDAY , DEC. 6 WEDNESDAY, DEC. 6 WEDNESDAY, DEC. 6 WEDNESD AY, DEC. 6 8:15 am ADP employment Nov. -- 235,000 8:30 am Productivity Q3 -- 3.0% 8:30 am THURSDAY, DEC. 7 THURSDAY, DEC. 7 THURSDAY, DEC. 7 THURSDAY, DEC. 7 THURSDAY, DEC. 7 THURSDA Y, DEC. 7 8:30 am Weekly jobless claims 12/2 -- - 3 pm FRIDAY, DEC. 8 FRIDAY, DEC. 8 FRIDAY, DEC. 8 FRIDAY, DEC. 8 FRIDAY, DEC. 8 FRIDAY, DEC. 8 8:30 am Nonfarm payrolls Nov. -- 261,000