Special report by epic research of 18 aug 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
18 Aug-2017
Global markets at a glance
US stocks sold off on Thursday, with the S&P 500 recording
its biggest daily percentage drop in three months as esca-
lating worries about the Trump administration's ability to
push through its economic agenda rattled investors. The
benchmark index also closed at its lowest since July 11,
with the day's move marking the first time since the No-
vember 8 election of two days with more than 1 percent
declines so close together. The index dropped 1.4 percent
last Thursday, as concern over a possible conflict between
the United States and North Korea hit the market.
The European markets snapped a three day winning streak
Thursday, ending the session with modest losses. Investors
had their first opportunity to react to the minutes from the
most recent meeting of the Federal Reserve, which were
released after the European close yesterday. Financial
stocks were under pressure as investors have become
doubtful about the Fed's ability to raise interest rates one
more time this year after some members revealed that
they want to be "patient" on raising interest rates, as they
lowered their forecast for underlying inflation.
Asia markets were pressured in early Friday trade after in-
vestors on Wall Street sold off on growing uncertainty over
the Trump administration's ability to follow through on its
economic policies. Japan's Nikkei 225 fell 1.31 percent as
risk off trade from the US session followed through into the
Asian trading day. Across the Korean strait, the Kospi de-
clined 0.81 percent.
Previous day Roundup
Key benchmark indices settled with minor gains after a
volatile trading session. The barometer index, the S&P BSE
Sensex, rose 24.57 points or 0.08% to settle at 31,795.46.
The Nifty 50 index advanced 6.85 points or 0.07% to settle
at 9,904.15. Weakness in European stocks and subdued
trading on Asian bourses kept investors' risk-appetite in
check.
Index stats
The Market was very volatile in last session. The sartorial in
dices performed as follow; Consumer Durables [up
38.46pts.], Capital Goods [down 8.14pts], PSU [up 75.02
pts], FMCG [down 29.41pts], Realty [up 14.75pts], Power
[up pts], Auto [up 317.58pts], Healthcare [up 283.03
pts], IT [down 57.64pts], Metals [up 433.49
pts], TECK [down 22.88pts], Oil& Gas [up 192.21pts].
World Indices
Index Value % Change
DJI 22030.00 -40.00
S&P500 2465.00 -0.23
NASDAQ 6221.91 -1.98
FTSE100 7387.87 -0.61
NIKKEI 19501.53 -1.03
HANG SENG 27115.48 -0.84
Top Gainers
Company CMP Change % Chg
INFY 1,021.05 45.85 4.70
NTPC 177.00 6.90 4.06
COALINDIA 247.00 9.05 3.80
VEDL 304.10 6.90 2.32
BPCL 494.20 10.25 2.12
Top Losers
CIPLA 574.00 -16.45 -2.79
ACC 1,775.00 -36.20 -2.00
MARUTI 7,575.00 -126.25 -1.64
KOTAKBANK 984.45 -16.10 -1.61
AUROPHARMA 703.50 -10.40 -1.46
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
AGRITECH 80.35 7.30 9.99
BAJAJHLDNG 2,584.30 0.05 0.00
BATAINDIA 675.00 1.50 0.22
BEML 1,861.85 144.65 8.42
BLUESTARCO 738.25 36.05 5.13
BRITANNIA 4,252.50 -47.45 -1.10
CONCOR 1,248.00 17.60 1.43
Indian Indices
NIFTY 9904.15 +6.85 +0.07
SENSEX 31795.46 +24.57 +0.08
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
AARVEEDEN 32.30 2.90 9.86
ANGIND 6.60 0.15 2.33
APOLLOHOSP 1,102.05 -57.40 -4.95

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Special Report
18 Aug-2017
STOCK RECOMMENDATION [CASH]
V2RERTAIL [CASH]
The stock has shown good upside move and closed with
long bullish candle on daily chart ,the stock rose with in-
creased volume participation upside and RSI indicator is
also bullish for which we may see upside move to resis-
tance level of 362 and is good o buy above 355 for the tar-
get of 362 370 with SL below 348.
MACRO NEW
 Govt clears purchase of six Boeing Apache helicopters
in $650 million deal
 White House jitters and Barcelona terror attack weigh
on Asian shares
 PM Modi pitches for ‘New India’, asks startup entrepre-
neurs for ideas
 Bihar flood worsens, death toll rises to 98
 PM Modi, Donald Trump agree to enhance peace across
Indo-Pacific region
 Golden Tobacco puts land parcel on block for the third
time
 Raymond Acquires Ansells's stake in Brand Kamasutra
 Axis Bank offers 12 EMI-waiver on home loans of up to
Rs 30 lakh
 Bharat Forge — multiple growth levers at a premium
valuation
 Srei Infrastructure gets stronger on proposed IPO of
subsidiary
 Manpasand Beverages advances after fixing record date
for bonus shares
RECOMMENDATIONS [FUTURE]
1.INFY [FUTURE ]
Last trading session INFY future given positive performance
after buyback news and sustain at higher level in range
bound market and ended with bullish candlestick in daily
chart. And since last session it rose with rising OI in long
side ,So if stock cross previous day high we may see sharp
upside ahead, For that it will good to buy above 1025 for the
target of 1035-1050 with SL of 1010.
2.BHARATFIN [FUTURE]
Last trading session BHARATFIN future cross major resis-
tance level and ended above resistance level with bullish
candlestick in daily chart. And since last session it rose with
rising OI in long side. we expect the lead to good upside
ahead. So we advise you to Buy above 850 for the target of
860-875 with SL of 840

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Special Report
18 Aug-2017
MOST ACTIVE CALL OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 10,000 30.50 1,44,062 56,02,725
NIFTY CE 9,900 61.65 1,42,688 36,72,375
BANKNIFTY CE 24,500 17.45 1,34,826 7,36,680
SUNPHARMA CE 460 22.95 5,484 7,72,800
SUNPHARMA CE 480 11.70 4,498 6,68,800
YESBANK CE 1,780 41.50 4,430 1,92,850
YESBANK CE 1,800 32.45 3,951 4,08,100
SUNPHARMA CE 500 5.75 3,751 11,74,400
MOST ACTIVE PUT OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY PE 9,700 70.05 1,41,171 42,59,325
BANKNIFTY PE 24,000 87.00 1,34,056 3,50,120
NIFTY PE 9,800 103.45 1,29,327 46,21,125
SUNPHARMA PE 440 5.70 4,507 10,27,200
SUNPHARMA PE 400 2.00 3,236 9,49,600
SBIN PE 280 7.80 3,090 31,98,000
SUNPHARMA PE 420 3.30 2,973 6,62,400
SUNPHARMA PE 460 9.60 2,478 6,73,600
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 13528 1084.46 18923 1537.10 320645 23960.60 -452.64
INDEX OPTIONS 490325 39945.93 471576 38389.38 1148131 86551.62 1556.54
STOCK FUTURES 121418 8324.99 112732 7753.73 824078 56138.85 571.26
STOCK OPTIONS 89105 6612.63 89369 6615.15 136965 9776.76 -2.51
1672.00
STOCKS IN NEWS
 Talbros Engineering board recommends the issuance
of bonus shares in the ratio of 1:1
 Indo Count - CARE has Upgraded Credit Rating of Long
Term Bank Facilities to CARE AA with Stable Outlook
from CARE AA
 GNFC - ICRA revises rating on Term loans to AA Stable
from AA-
NIFTY FUTURE
Last trading session NIFTY Future close with mildly bull-
ish candlestick in daily chart, with the help of infy and
metal stocks but last session nifty future clearly show
selling pressure at higher level, Also miscap index ended
on negative side, So we can follow sell on rise strategy.
We may see rise for that it will be good to sell Nifty fu-
ture around 9940-9950 for the target of 9900-9850 with
SL of 10000
INDICES R2 R1 PIVOT S1 S2
NIFTY 9975.00 9939.00 9911.00 9875.00 9847.00
BANKNIFTY 23659.00 22448.00 23284.00 22073.00 22909.00

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Special Report
18 Aug-2017
COMMODITY ROUNDUP
Gold jumped near two month high on strong speculative
demand and prospects of continued Indian buying. India's
Gold imports came in at Rs 13554 crores in July 2017, up by
87% on July 2016. The Silver imports came in at Rs 1133
crores, soaring by 209%. The figures in US dollar terms were
2102 Million dollar and 176 Million Dollar, marking a spurt
of 95% and 222% respectively. COMEX Gold is quoting at
$1290 per ounce, up 0.56% on the day. MCX Gold futures
are trading at Rs 29158 per 10 grams, up 0.71% on the day.
Large speculators strongly added to their bullish net posi-
tions in the Gold futures markets this week, according to
the latest Commitment of Traders (COT) data released by
the Commodity Futures Trading Commission (CFTC) on Fri-
day. The non-commercial futures contracts of Gold futures,
traded by large speculators and hedge funds, totaled a net
position of 148,837 contracts in the data reported through
Tuesday August 8th. This was a weekly gain of 19,165 con-
tracts from the previous week which had a total of 129,672
net contracts.
Speculative positions rose for a third consecutive week and
are now at a seven week high. The commercial traders posi-
tion, categorized by the CFTC as hedgers or traders engaged
in buying and selling for business purposes, totaled a net
position of -159,511 contracts on the week. This was a
weekly decline of -16,126 contracts.
World Bureau of Metals Statistics (WBMS) mentioned in its
latest report that Nickel market was in deficit during Janu-
ary to June 2017 with apparent demand exceeding produc-
tion by 60.3 kt. In the whole of 2016 the calculated deficit
was 71 kt. Reported stocks held in the LME at the end of
June 2017 were 0.6 kt lower than at the end of the previous
year. Refined production in January to June 2017 totaled
813.2 ktand demand was 873.5 kt.Mine production during
January to June was 899 kt, 38 kt below the comparable
2016 total. Chinese smelter/refinery output decreased by
28 kt compared with 2016 and apparent demand was 142 kt
lower than in the previous year due to reduced imports of
Nickel metal from Russia.
The international crude oil price of Indian Basket as com-
puted by Petroleum Planning and Analysis Cell (PPAC) under
the Ministry of Petroleum and Natural Gas was US$ 49.41
per barrel (bbl) on 15.08.2017. This was lower than the
price of US$ 50.63 per bbl on previous publishing day of
14.08.2017. In rupee terms, the price of Indian Basket de-
creased to Rs. 3163.51 per bbl on 15.08.2017 as compared
to Rs. 3241.54 per bbl on 14.08.2017. Rupee closed at Rs.
64.03 per US$ on 15.08.2017.
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
BUY GOLD ABOVE 29250 TGT 29300 29400 SL BELOW
29200
SELL GOLD BELOW 29000 TGT 28950 29850 SL ABOVE
29050
SILVER
TRADING STRATEGY:
BUY SILVER ABOVE 39400 TGT 39600 39900 SL BELOW
39200
SELL SILVER BELOW 38900 TGT 38700 38400 SL ABOVE
39100

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Special Report
18 Aug-2017
NCDEX INDICES
Index Value % Change
BARLEY 1425 +0.14
CASTOR SEEDS 4547 -0.44
CORIANDER 4556 +0.73
COTTON SEED 1456 0.00
GUAR SEED 3855 -0.16
JEERA 19005 -0.71
MUSTARDSEED 3706 +0.08
SOYA BEAN 2990 +0.03
TURMERIC 7288 -0.90
WHEAT 1665 +0.00
RECOMMENDATIONS
DHANIYA
BUY CORIANDER AUG ABOVE 4640 TGT 4670 4710
4760 SL BELOW 4590
SELL CORIANDER AUG BELOW 4600 TGT 4570 4530 4480 SL
ABOVE 4650
GUARGUM
BUY GUARGUM5 ABOVE 8160 TGT 8190 8230 8280
SL BELOW 8110
SELL GUARGUM5 BELOW 7990 TGT 7960 7920 7870 SL
ABOVE 8040
Cardamom futures were trading higher during the evening
trade in the domestic market on Monday as investors and
speculators extended their positions in the agri-commodity
amid rise in physical demand for cardamom in the domestic
spot market. Further insufficient supplies on higher physical
arrivals from the major cardamom producing regions sup-
ported the upward trend in the domestic cardamom prices.
At the MCX cardamom futures for September 2017 contract
was trading at Rs 1173.50 per kg up by 4 per cent after
opening at Rs 1162 against a previous close of Rs 1128.40. It
touched the intra-day high of Rs 1173.50
Weak sowing trend of kharif pulses along with strong de-
mand in physical mandies have increased chana prices
more than 2% in futures market. The market sources stated
that strong demand of other pulses such as tur and moong
due to local festival has augmented the demand of chana at
Lawrence road. Moreover, fragile sowing trend of kharif
pulses is also supporting the chana prices at lower levels. As
per the latest data compiled by Ministry of Agriculture,
pulses acreage is reported at 127.98 lakh hectares so far
against 129.59 lakh hectares in the year-ago period. The
NCDEX September futures increased by 2.51% to close at Rs
5530 per quintal.
As per the latest data collected from Solvent Extractors' As-
sociation (SEA), the import of vegetable oils during July
2017 is reported at 1,524,724 tons compared to 1,140,685
tons in July 2016 i.e. up by 34%, consisting of 1,489,137
tons of edible oils and 35,587 tons of non-edible oils. The
overall import of vegetable oils during first nine months of
current oil year 2016-17, Nov.'16 to July '17 is reported at
11,388,296 tons compared to 10,903,728 tons last year i.e.
up by 4%.

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Special Report
18 Aug-2017
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 64.242 Yen 58.010
Euro 75.376 GBP 82.616
USD/INR
BUY USD/INR ABOVE 64.20 TGT 64.35 64.55 SL 64.05
SELL USD/INR BELOW 64.10 TGT 63.95 63.75 SL 64.30
EUR/INR
BUY EUR/INR ABOVE 75.70 TGT 75.85 76.05 SL 75.50
SELL EUR/INR BELOW 75.30 TGT 75.15 74.95 SL 75.50
The Indian rupee opened marginally lower at 64.18 per
dollar on Friday versus 64.15 Wednesday."Dollar index
bounced on the basis of European Central Bank (ECB) con-
cerns on euro strength. The USD-INR pair consequently
could move a little higher keeping pace with other Asian
currencies. We expect a range of 64.15-64.40 for the day."
"The 10-year benchmark yield is expected to trade within
the 6.52-6.54 percent range today."
The dollar edged up against a basket of currencies in the
overnight session after earlier falling on trump administra-
tion woes. However, the US currency remained subdued
against the yen. Meanwhile, the euro softened as traders
digested minutes from the ECB.
The dollar edged lower versus the yen on Friday, ham-
pered by renewed investor concerns over the Trump ad-
ministration's ability to push forward its economic policy
agenda. News of a deadly attack in Barcelona and specula-
tion on Thursday over the possible departure of White
House Economic Adviser Gary Cohn rattled markets, spark-
ing a selloff in US equities and stirring demand for safe ha-
ven bonds A White House official said on Thursday that
Cohn is remaining in his post
"It's a pure risk-off trade," said Tareck Horchani, head of
Asia-Pacific sales trading for Saxo Markets in Singapore.
Asian markets are playing catch-up to the moves seen in
US markets on Thursday, Horchani said, adding that the
risk-averse sentiment could prove short-lived, given the
news that Cohn will stay in his post. the dollar fell 0.2 per
cent to 109.41 yen, adding to its 0.6 per cent drop on
Thursday.

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Special Report
18 Aug-2017
NEXT WEEK'S U.S. ECONOMIC REPORTS
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Disclaimer
TIME REPORT PERIOD ACTUAL
CONSENSUS
FORECAST
PREVIOUS
MONDAY, AUG. 14
None scheduled
TUESDAY, AUG. 15
8:30 am Retail sales July -0.2%
8:30 am Retail sales ex-autos July -0.2%
8:30 am Import price index July -0.2%
8:30 am Empire state index Aug. 9.8
10 am Home builders' index Aug. 64
10 am Business inventories June 0.3%
WEDNESDAY, AUG. 16
8:30 am Housing starts July 1.215mln
8:30 am Building permits July 1.275mln
2 pm FOMC minutes 7/25-26
THURSDAY, AUG. 17
8:30 am Weekly jobless claims 8/12 -- --
8:30 am Philly Fed Aug. 19.5
9:15 am Industrial production July 0.4%
9:15 am Capacity utilization July 76.6%
10 am Leading economic indicators July 0.6%
FRIDAY, AUG. 18
10 am UMich consumer sentiment Aug. 93.4
10 am Advance services Q2

Special report by epic research of 18 aug 2017

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