Epic Research is a leading financial advisory company provides daily share market reports on different segments. it provides daily updates to investors as well as it helps investors to boost their performance in the market.

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
31 Jul-2017
Global markets at a glance
Most U.S. stocks fell amid disappointing earnings that have
rattled technology shares, while the dollar weakened and
gold climbed after data showed the American economy
expanding at a slower-than-expected pace.The S&P 500
Index ended the busiest week of earnings virtually un-
changed from where it began, while the Nasdaq 100 Index
fell in the five days as tech results failed to lift the high-
flying sector. Chevron Corp. was the latest blue chip to rally
on earnings, pushing the Dow Jones Industrial Average to a
1.2 percent gain in the week.
Markets in Europe opened lower after US Tech shares re-
treated from recent highs. The pan-European Stoxx
600 was 0.67% lower shortly after the opening bell with all
sectors and major bourses in negative territory. On Wall
Street, investors were unsettled by a sudden drop in tech-
nology and transport shares on Thursday. Amazon – up al-
most 40% this year – posted a slump in profits on Thurs-
day and slipped 3% after the closing bell.
German DAX is traded lower by 0.64% or 78.54 points at
12,133 level. The index has only 2 advances and 27 de-
clines.
Major Asian indexes were mostly directionless in Monday
trade, after geopolitical tensions in the Korean Peninsula
ramped up in recent days and markets digested the release
of China PMI data. Japan's Nikkei 225 edged down 0.05
percent and South Korea's Kospi was off by 0.25 percent in
early trade. In Australia, the benchmark S&P/ASX 200 index
was higher by 0.26 percent, driven by strong showings in its
materials sub-index, which was up 1.57 percent. Hong
Kong's Hang Seng Index rose 0.35 percent while mainland
markets digested the release of slightly lower-than-
expected China PMI data. The Shanghai Composite was flat
and the Shenzhen Composite slipped 0.139 percent.
Previous day Roundup
Key benchmark indices closed the session with small losses.
The barometer index, the S&P BSE Sensex, fell 73.42 points
or 0.23% to settle at 32,309.88. The Nifty 50 index declined
6.05 points or 0.06% to settle at 10,014.50. The Nifty closed
above the 10,000 mark. It had opened below that mark and
traded below that level till late trade.
Index stats
The Market was very volatile in last session. The sartorial in
dices performed as follow; Consumer Durables [up
26.99pts.], Capital Goods [down 108.87pts], PSU [up
5.84pts], FMCG [up 23.25pts], Realty [down 14.53 pts],
Power [down 0.37pts], Auto [up 50.86pts], Health-
care [down 254.41pts], IT [up 108.02pts], Metals [down
172.46pts], TECK [up 46.50pts], Oil& Gas [up 20.16pts].
World Indices
Index Value % Change
DJI 21702.50 +0.17
S&P500 2461.75 -0.44
NASDAQ 6374.68 -0.12
FTSE100 7368.37 -1.01
NIKKEI 19946.32 -0.07
HANG SENG 27187.02 +0.76
Top Gainers
Company CMP Change % Chg
YESBANK 1,844.95 59.10 3.31
HDFC 1,776.00 47.8 2.77
INFY 995.70 24.65 2.54
KOTAKBANK 1,016.20 18.05 1.81
INDUSINDBK 1,635.00 28.30 1.76
Top Losers
Company CMP Change % Chg
DRREDDY 2,465.20 -155.15 -5.92
LUPIN 1,066.90 -43.15 -3.89
SUNPHARMA 550.05 -22.05 -3.85
ICICIBANK 296.05 -11.15 -3.63
INFRATEL 399.65 -11.40 -2.77
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
ADANIPORTS 394.95 2.45 0.62
ASHIMASYN 25.60 1.50 6.22
ASHOKLEY 109.45 4.45 4.24
AVADHSUGAR 440.35 20.95 5.00
BIOFILCHEM 23.00 1.00 4.55
BRITANNIA 3,889.35 35.45 0.92
CORALFINAC 294.95 8.95 3.13
Indian Indices
Company CMP Change % Chg
NIFTY 10014.50 -6.05 -0.06
SENSEX 32309.88 -73.42 -0.23
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
AJANTPHARM 1,420.00 9.55 0.68
AVADHSUGAR 440.35 20.95 5.00
BHAGYAPROP 22.50 -0.05 -0.22

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
31 Jul-2017
STOCK RECOMMENDATION [CASH]
SONASTEER [CASH]
on the daily chart the stock has made bullish engulfing
candlestick pattern and closed with bullish candle , the
stock has strong support at 50 day EMA level which is indi-
cating stock bullish and is good to buy above 112.50 for
the target of 116-120 with 105.
MACRO NEW
 Results today: Siemens, Balrampur Chini, Bank of Ma-
harashtra, Banco Products, Bharat Electronics, Container
Corporation, Carborundum Universal, Control Print, Es-
sar Shipping, Godrej Consumer Products, InterGlobe
Aviation, Jaiprakash Power, Music Broadcast, Pincon
Spirit, Trent, UPL
 Shree Renuka Sugars: Board Approves Terms Of Pro-
posed Debt Recast Package To Be Submitted To JLF
 Lupin's Pithampur facility inspection concluded by US
FDA without any observations
 Indian Hume Pipes wins Work Order of Rs.163.50 Crores
from Raipur Municipal Corporation, Chhattisgarh for the
work of augmentation of water supply scheme.The work
is to be completed within 30 month
 Subsidiary of Marico Limited acquires ISOPLUS, a leading
hair styling brand in South Africa from for a considera-
tion of INR 36 Crore at a revenue multiple of 1.2.
 Production at Textile plant of Technocraft Industries,
situated at Murbad, District Thane, has been stopped to
enable the Company to upgrade its effluent treatment
plant as desired by Pollution Control Authority
 ICICI Prudential submits a proposal to IRDA to take over
liabilities of policy holders along with the corresponding
assets of Sahara Life Insurance Company
 PSP Projects has received work orders from April 01,
2017 to June 30, 2017 from various clients worth Rs.
172.43 Crores for Industrial, Government Residential
RECOMMENDATIONS [FUTURE]
1.PFC [FUTURE ]
PFC moving in price channel line and created support at 121
which was respected many times and the RSI has positive
divergence and on daily chart it created bullish engulfing
pattern so it can be buy around 122 for target of 130 with
stop loss of 117.
2.IOC [FUTURE]
IOC moving in falling wedge pattern and coming near to long
term support level while RSI also has positive divergence as
well as the both wedge resistance and support line is becom-
ing close as well as it closed near to support line so we can
see a bounce back up to 375 from the level of 360 so wait
and buy in dip with stop loss of 350 for target of 375

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
31 Jul-2017
MOST ACTIVE CALL OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
BANKNIFTY CE 25,000 98.35 1,72,597 6,53,320
NIFTY CE 10,100 93.45 1,34,434 30,40,800
NIFTY CE 10,200 56.00 1,28,342 30,35,250
YESBANK CE 1,900 40.50 5,658 2,84,200
INFY CE 1,000 25.70 4,984 7,44,000
ICICIBANK CE 310 4.65 4,737 28,29,750
HDFC CE 1,800 36.50 4,178 3,94,000
YESBANK CE 1,840 68.50 3,956 2,05,100
MOST ACTIVE PUT OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY PE 9,900 74.40 1,24,557 31,46,475
NIFTY PE 10,000 107.10 1,23,342 36,53,025
BANKNIFTY PE 24,700 66.15 1,19,775 5,41,760
YESBANK PE 1,800 39.00 3,893 3,21,300
YESBANK PE 1,700 16.05 2,895 3,46,150
INFY PE 960 10.30 2,723 2,56,500
ICICIBANK PE 300 9.75 2,356 24,53,000
INFY PE 980 16.20 2,279 2,43,500
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 19600 1591.81 42792 3335.86 228893 17686.25 -1744.05
INDEX OPTIONS 422963 35751.24 414395 35212.55 832681 63521.96 538.69
STOCK FUTURES 120753 8859.64 120581 8709.51 756172 53275.56 150.13
STOCK OPTIONS 95062 7114.31 92567 6916.90 39528 3014.39 197.40
NET -857.00
STOCKS IN NEWS
 NCLT quashes the order of appointing a Interim Reso-
lution Professional, allows Inox Wind to function inde-
pendently
 JBF Industries downgraded to D category by rating
agencies
 Reliance Communications Aircel deal on a sticky wicket
 IDFC infra fund to acquire first solar’s India portfolio
 Syndicate bank, Union bank, PNB - Banks withdraw
opposition to NSEL’s meger with parent
NIFTY FUTURE
In July expiry Nifty had one sided rally but the intraday
range was very narrow, on daily chart many of the time
it finished with reversal sign but in every dip it bounced
with fresh buying because of supporting Q1 number of
index heavyweight so the trend will be continue and
every dip will be buying opportunity technically stop loss
will be 9830 buying level will be 9950 target 10200. spot
level
INDICES R2 R1 PIVOT S1 S2
NIFTY 10076.00 10045.00 9994.60 9963.30 9912.60
BANKNIFTY 24981.00 24896.00 24773.00 24688.00 24565.00

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
31 Jul-2017
COMMODITY ROUNDUP
Gold futures closed higher in the domestic market on Thurs-
day as a Federal Reserve policy update that was read as
mostly dovish by investors helped to lift prices to their high-
est finish. Higher rates tend to push the dollar higher nick-
ing gold prices and cut demand for precious metals which
don’t offer a yield. Because commodities tend to be traded
in dollars the relationship between commodities and the
buck is usually inverse as moves in the U.S. unit can influ-
ence appetite for those commodities from buyers using
weaker currencies. At the MCX gold futures for August 2017
contract ended at Rs 28492 per 10 grams up by 0.38 per
cent after opening at Rs 28600 against a previous close of Rs
28384. It touched the intra-day high of Rs 28607.
Silver futures closed higher in the domestic market on
Thursday as participants engaged in extending their posi-
tions taking strong cues from global market. Marketmen
attributed the rise in silver prices at futures trade to a
strong trend in the precious metals overseas. At the MCX
silver futures for September 2017 contract closed at Rs
38280 per kg up by 0.50 per cent after opening at Rs 38398
against a previous close of Rs 38091. It touched the intra-
day high of Rs 38699.
COMEX Copper dropped in Asia as some profit selling
emerged in the counter ahead of weekend. Prices have hit
two year highs amid weak US dollar and soaring equities
and some moderation is likely in near term. COMEX Copper
is down half a percent at $2.85 per pound right now. MCX
Copper futures ended at Rs 407.90 per kg yesterday and
should slip in early moves following the global cues.
Weak US dollar and supportive economic data pushed the
WTI Crude oil above $49 per barrel yesterday. Prices have
hit near two month highs this week. The US Energy Informa-
tion Administration (EIA) once again reported another hefty
decline in US commercial crude oil inventories for the week
ending July 21. WTI Crude oil is currently trading at $48.92
per barrel, down 0.24% on the day. MCX Crude oil futures
ended up 1% on the day to close at Rs 3161 per barrel after
testing lows near Rs 3100 levels. Meanwhile, the interna-
tional crude oil price of Indian Basket as computed by Petro-
leum Planning and Analysis Cell (PPAC) under the Ministry
of Petroleum and Natural Gas was US$ 49.38 per barrel
(bbl) on 26.07.2017. This was higher than the price of US$
47.92 per bbl on previous publishing day of 25.07.2017. In
rupee terms, the price of Indian Basket increased to Rs.
3181.31 per bbl on 26.07.2017 as compared to Rs. 3084.05
per bbl on 25.07.2017.
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
BUY GOLD ABOVE 28600 TGT 28650 28750 SL BELOW
28500
SELL GOLD BELOW 28500 TGT 28450 28350 SL ABOVE
28600
SILVER
TRADING STRATEGY:
BUY SILVER ABOVE 38600 TGT 38800 39100 SL BELOW
38400
SELL SILVER BELOW 38400 TGT 38200 37900 SL ABOVE
38600

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
31 Jul-2017
NCDEX INDICES
Index Value % Change
BARLEY 1429 -0.38
CASTOR SEEDS 4493 +0.25
CORIANDER 4915 -0.22
COTTON SEED 1482 -2.31
GUAR SEED 3552 +1.25
JEERA 19155 +0.31
MUSTARDSEED 3695 -0.05
SOYA BEAN 3052 +0.33
TURMERIC 7240 +2.87
WHEAT 1673 -0.06
RECOMMENDATIONS
DHANIYA
BUY CORIANDER AUG ABOVE 4990 TGT 5030 5070
5120 SL BELOW 4950
SELL CORIANDER AUG BELOW 4880 TGT 4850 4810 4760 SL
ABOVE 4930
GUARGUM
BUY GUARGUM5 ABOVE 7430 TGT 7460 7500 7550
SL BELOW 7380
SELL GUARGUM5 BELOW 7150 TGT 7120 7080 7030 SL
ABOVE 7200
Cardamom futures were trading lower during the morning
trade in the domestic market on Friday as speculators
booked profits at prevailing levels amid easing demand in
the spot market. Analysts said besides profit booking by
participants at existing level fall in demand against ade-
quate stocks position mainly led to decline in cardamom
prices at futures trade. At the MCX cardamom futures for
August 2017 contract was trading at Rs 1135 per kg down
by 1.49 per cent after opening at Rs 1150 .
Mentha oil futures were trading higher during the evening
trade in the domestic market on Thursday amid pick-up in
demand at domestic spot market and restricted supplies
from producing regions. Market analysts said fresh posi-
tions built up by traders following pick-up in demand from
consuming industries in the spot market against restricted
supplies from Chandausi led to the rise in mentha oil prices
in futures trade. At the MCX mentha oil futures for July
2017 contract is trading at Rs 1053.50 per kg up by 2.78 per
cent after opening at Rs 1032.40
"Overly dry weather" has pushing world on track for its
steepest drop in grains output in at least a decade, the In-
ternational Grains Council (IGC) said according to media
reports. The council is particularly concerned over supplies
of high-quality wheat. The intergovernmental group cut by
11m tonnes to 2.04bn tonnes its forecast for world grains
production in 2017-18, downgrading its harvest estimate
for a third successive month. Because of overly dry
weather, including in North America, the European Union
and Australia, the outlooks for global maize (corn), wheat
and barley harvests are revised lower, the council said. The
downgrade took to 88m tonnes, or 4.1%, the drop in world
grains production expected in 2017-18 - the largest decline
in at least a decade, beating a 3.0% drop in 2012-13.

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
31 Jul-2017
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 64.148 Yen 57.780
Euro 74.982 GBP 83.886
USD/INR
BUY USD/INR ABOVE 64.25 TGT 64.40 64.60 SL 64.05
SELL USD/INR BELOW 64.10 TGT 63.95 63.75 SL 64.30
EUR/INR
BUY EUR/INR ABOVE 75.20 TGT 75.35 75.55 SL 75.00
SELL EUR/INR BELOW 74.90 TGT 74.75 74.55 SL 75.10
CURRENCY MARKET UPDATES
The Indian rupee weakened against the dollar in early
trades on Friday, 28 July 2017 on month-end dollar de-
mand from importers and banks. Early losses in domestic
equity markets also weighed on the rupee. Yesterday, the
currency ended at a fresh two-and-a-half month high after
the US currency took a big knock amid the Fed indicating it
will maintain a slow pace of monetary tightening. This is
the highest closing for the home currency since May 16,
when it had settled at 64.08.
The domestic currency opened at Rs 64.20 against the dol-
lar and traded between a high and low of 64.1575 and
64.2450 respectively so far during the day. In the spot cur-
rency market, the Indian unit was last seen trading at
64.17. On Thursday, the rupee had staged an incredible
comeback after its three session listless trade and gained
26 paise to end at fresh two-and-a-half month high of
64.11 a dollar.
Domestic benchmark indices traded with modest losses in
the morning trade after seeing a lower opening on weak-
ness in Asian bourses and subdued closing on Wall Street
overnight. At 10:15 IST, the barometer index, the S&P BSE
Sensex, fell 135.09 points or 0.42% at 32,248.21. The Nifty
50 index declined 36.35 points or 0.36% at 9,984.20. The
Nifty was trading below the 10,000 mark after slipping be-
low that level in early trade.
Meanwhile, the dollar dipped against its major peers on
Friday, its mild bounce earlier petering out ahead of the
second quarter U.S. economic growth data due later in the
session. The dollar index against a basket of six major cur-
rencies was a shade lower at 93.826 after edging up 0.2
percent the previous day. The greenback, which had sunk
to a 13-month low midweek after the Federal Reserve's
policy statement suggested it was in no hurry to raise in-
terest rates again, received a lift on Thursday as Treasury
yields rose on the back of upbeat U.S. durable goods and
trade data.

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
31 Jul-2017
Date
Commodity/ Cur-
rency Pairs
Contract Strategy Entry Level Target
Stop
Loss
Remark
28/07/17 NCDEX DHANIYA AUG. BUY 5000 5030-5070 4950 NOT EXCEDUTED
28/07/17 NCDEX DHANIYA AUG. SELL 4930 4900-4860 4980
OPEN
28/07/17 NCDEX GUARGUM AUG. BUY 7340 7110-7150 7030 SL TRIGGERED
28/07/17 NCDEX GUARGUM AUG. SELL 7180 6980-6940 7060 NOT EXCEDUTED
28/07/17 MCX GOLD AUG. BUY 28600 28650-28750 28500 NOT EXCEDUTED
28/07/17 MCX GOLD AUG. SELL 28400 28350-28250 28500 NOT EXCEDUTED
28/07/17 MCX SILVER SEP. BUY 38500 38700-38900 38200 NOT EXCEDUTED
28/07/17 MCX SILVER SEP. SELL 38200 38000-37700 38500 OPEN
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
28/07/17 NIFTY FUTURE BUY 10000-10010 10070-10150 9950 OPEN
28/07/17 APOLLOTYRE FUTURE SELL 266-268 262-255 270 TARGET HIT
28/07/17 DABUR FUTURE BUY 314 318-322 310 NOT EXECUTED
28/07/17 RELIGARE CASH BUY 105 108112 100 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
31 Jul-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 liabil-
ity) 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 infor-
mation and based upon it & takes no responsibility. The information given herein should be treated as only factor, while making investment decision. The re-
port 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, JULY 31
9:45 am Chicago PMI July -- 65.7
10 am Pending home sales June -- -0.8%
TUESDAY, AUG. 1
8:30 am Personal income June 0.4% 0.4%
8:30 am Consumer spending June 0.1% 0.1%
8:30 am Core inflation June 0.1% 0.1%
9:45 am Markit manufacturing PMI July -- 53.2
10 am ISM manufacturing July 56.3% 57.8%
10 am Construction spending June 0.5% 0.0%
Varies Motor vehicle sales July 16.8mln 16.4 mln
WEDNESDAY, AUG. 2
8:15 am ADP employment July -- 158,000
THURSDAY, AUG. 3
8:30 am Weekly jobless claims 7/29 242,000 244,000
9:45 am Markit services PMI July -- 54.2
10 am ISM nonmanufacturing July 56.9% 57.4%
10 am Factory orders June 3.0% -0.8%
FRIDAY, AUG. 4
8:30 am Nonfarm payrolls July 185,000 222,000
8:30 am Unemployment rate July 4.3 4.4%
8:30 am Average hourly earnings July .3 0.2%
8:30 am Trade deficit June -$44.3bln -$46.5bln
Priya
Morya
Digitally signed by
Priya Morya
DN: cn=Priya Morya
c=IN o=Personal
Reason: I am the
author of this
document
Location:
Date: 2017-07-31
08:51+05:30