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GLOBAL MARKETS
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Special Report
5-Sep-2018
Global markets at a glance
Asian stocks tracked their global peers lower while the safe
-haven dollar was broadly higher on Wednesday as worries
over persistent trade conflicts curbed investor appetite for
riskier assets.
MSCI’s broadest index of Asia-Pacific shares outside Japan
was down 0.2 percent.
Australian stocks lost 0.4 percent, South Korea's KOSPI
dropped 0.3 percent and Japan's Nikkei shed 0.25 percent.
MSCI’s gauge of stocks across the globe shed about 0.5
percent the previous day.
“The U.S.-Canada talks are due to resume today and this
keeps trade issues at the forefront, with a wait-and-see
mood prevailing in the equity markets,” said Masahiro
Ichikawa, senior strategist at Sumitomo Mitsui Asset
Management in Tokyo.
Asian shares fell and the dollar turned higher on Tuesday as
the trade dispute between the United States and China
threatened to escalate this week, and as emergency
austerity measures in Argentina underscored the
turbulence gripping emerging markets.
MSCI's broadest index of Asia-Pacific shares outside Japan,
was down 0.3 percent. Chinese blue-chips also fell 0.3
percent, reversing earlier gains.Japan's Nikkei slid less than
0.1 percent, while Australian shares were 0.4 percent lower
ahead of a central bank policy meeting.
Previous day Roundup
The Nifty50 extended losses for the second consecutive
session on Tuesday, falling briefly below 11,500 levels
intraday after the rupee hit record low of 71.57 to the
dollar and rising crude oil prices. The index closed sharply
lower, forming bearish candle on the daily charts.
All sectoral indices closed in the red with Bank, Auto,
FMCG, Metal and Pharma correcting upto 2 percent while
IT was the only gainer, rising 2 percent on rupee
weakness.The midcaps and smallcaps hit hard as the Nifty
Midcap and Smallcap indices fell more than 2.5 percent.
The Nifty50 remained volatile from the beginning of trade,
opening at 11,598.75 and closing at 11,520.30. The index
after opening higher fell immediately and bounced back to
hit an intraday high of 11,602.55, but erased those gains to
trade lower. It managed to rebound in afternoon but failed
to hold those gains and hit an intraday low of 11,496.85
before closing 62.10 points down at 11,520.30.
Index stats
The Market was very volatile in last session. The sartorial in
dices performed as follow; Commodities[-80.05],
Consumption[-119.85pts],Bank[-388.75pts],Auto[-
181.55pts],FinService[-109.70pts],Fmcg[-666.90pts],Media
[-84.30pts],Pharma[-154.35pts],IT[324.00pts],Metal[-
71.10pts],Realty[-5.05 pts], Pvt Bank[-5.05pts].
World Indices
Index Value % Change
DJI 25,964.82 -0.09
S&P500 2,905.25 +0.13
NASDAQ 8,109.54 +0.24
FTSE100 7,504.60 +0.96
NIKKEI 22,642.01 -0.29
HANG SENG 27,721.21 +0.03
Top Gainers
Company CMP Change % Chg
Dr Reddys Labs 2,593.40 101.40 4.07
Idea Cellular 51.05 1.70 3.44
Eicher Motors 28,885.85 826.10 2.94
Wipro 308.35 7.10 2.36
Titan Company 912.75 20.85 2.34
Top Losers
Company CMP Change % Chg
Bajaj Finance 2,724.05 -132.55 -4.64
HUL 1,699.10 -81.00 -4.55
Power Grid Corp 194.50 -7.00 -3.47
Axis Bank 631.80 -17.45 -2.69
Tech Mahindra 745.65 -20.15 -2.6
Stocks at 52 Week’s HIGH
ALBERTDAVD 703.65 5.05 0.72
CANTABIL 147.8 4.65 3.15
ELECTROSL 11.55 0.55 4.76
GANGOTRI 2.7 0.1 3.7
GKWLIMITED 1228.55 -38.55 -3.14
GREAVESCOT 153.6 4.05 2.64
Indian Indices
Company CMP Change % Chg
NIFTY 11520.30 -62.10 -0.54
SENSEX 38157.92 -154.60 -0.40
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
ACCELYA 983.7 -0.7 -0.07
AICHAMP 17.5 -0.85 -4.86
ALCHEM 5.1 0.1 1.96
AUTOIND 60.05 -1 -1.67
BGRENERGY 80.05 -1.35 -1.69
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Special Report
5-Sep-2018
STOCK RECOMMENDATION [CASH]
BAJAJELEC [CASH]
From the daily chart it is clear that the particular script has
a support level around 545-543 from where it can show
some bounce back in the intraday movement.Today the
aggressive traders can get a gain by buying around the
levels of 545-546 for the targets of 555–565 with stoploss
below 538.
MACRO NEWS
Trends on SGX Nifty indicate a negative opening for
the broader index in India, a fall of 22.5 points or 0.19
percent. Nifty futures were trading around 11,560-
level on the Singaporean Exchange.
Oil prices fell on Wednesday, partly reversing a strong
jump from the previous day, as the impact of a tropical
storm on US Gulf coast production was not as strong
as initially expected. US West Texas Intermediate
(WTI) crude futures were at USD 69.34 per barrel at
0036 GMT, down 53 cents, or 0.8 percent, from their
last settlement. International Brent crude futures fell
34 cents, or 0.4 percent, to USD 77.83 a barrel.
Brent crude oil was up 37 cents at USD 78.01 a barrel
by 2:54 p.m. EDT (1854 GMT). US crude was 30 cents
higher at USD 70.10.
Enthused by 8.2 percent GDP growth in the first
quarter of 2018-19, the Finance Ministry expressed
the hope that economy may expand at 7.5 percent in
the current fiscal. The country's economy is on steady
growth path, Economic Affairs Secretary S C Garg said
while commenting on the April-June quarter growth
number.
The robust performance this quarter gives hope that
growth could exceed even estimates 7.5 percent this
fiscal, he said. He also said that the fiscal deficit will
not exceed 3.3 percent of the GDP in 2018-19.
RECOMMENDATIONS [FUTURE]
1. ONGC [FUTURE ]
From the daily chart it is clear that the particular script has
multiple support level around 173-170 from where it can
show some bounce back since the the market is showing
negative trend the trader should wait for the stock price to
sustain at its support level so we advice you to buy ongc
around its level of 171-172 for the targets of 175-178 with
stoploss below 169.
2. TECHM [FUTURE]
The particular counter is fluctuating between its range of
760-770, as per the daily chart it clearly show upward trend
with good strength in its movement. Today it can show
breakout above its resistance level of 770 since IT sector is
also showing strength so we advice you to buy techm
around the levels of 772-775 for the targets of 780-790 with
stoploss below 765.
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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
5-Sep-2018
MOST ACTIVE CALL OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
BANKNIFTY CE 27,600 90.5 1,56,499 4,45,800
NIFTY CE 11,800 47.5 1,42,208 43,95,075
NIFTY CE 11,700 80.15 1,35,418 28,09,425
ADANIENT CE 240 0.25 9,152 52,72,000
RELIANCE CE 1,300 16.1 8,009 31,02,000
RELIANCE CE 1,260 29.9 7,401 15,35,000
RELIANCE CE 1,280 22.2 5,935 21,75,000
TATAMOTORS CE 280 3.7 5,702 57,61,500
MARUTI CE 9,000 111.5 5,823 2,83,500MOST ACTIVE PUT OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY PE 11,500 109.25 1,63,539 36,77,700
BANKNIFTY PE 27,000 16.2 1,33,920 4,69,480
NIFTY PE 11,600 148.25 1,27,304 33,28,800
RELIANCE PE 1,200 12.05 5,719 16,48,000
RELIANCE PE 1,220 18.1 3,831 7,17,000
ADANIENT PE 190 0.5 3,757 29,72,000
TCS PE 2,050 17 3,641 4,13,000
MARUTI PE 8,700 104.4 3,554 37,275
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 23815 2236.61 28644 2630.26 221172 19352.09 -393.6478
INDEX OPTIONS 684230 69972.69 667336 68375.74 675831 60744.96 1596.9485
STOCK FUTURES 181371 12901.39 189235 13573.95 1108031 85018.73 -672.5626
STOCK OPTIONS 121173 9471.83 123142 9585.70 76945 5851.08 -113.8703
416.8678
STOCKS IN NEWS
Mindtree: GHD Digital and Mindtree collaborating
on a broad Digital platform targeted to the property
and infrastructure sectors. Partnership offers a
disruptive approach to connected buildings to
dramatically reduce costs and optimize experiences.
Ashok Leyland: Total sales up 27 percent at 17,386
units versus 13,637 units (YoY)
NIFTY FUTURE
Yesterday nifty closed with a negative candle it felt 62
points in future 10550 is a level which may act as
support level but it may show some weakness .On the
upper side 10610 is its intraday resistance level it may
show some upside movement upto this level after that it
can resume its downtrend so we advice to sell nifty
future around 10610-10620 for the targets of 10550-
10500 with stoploss above 10670.
INDICES R2 R1 PIVOT S1 S2
NIFTY 11645.00 11582.00 11539.00 11476.00 11433.00
BANKNIFTY 28053.00 27741.00 27563.00 27251.00 27073.00
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Special Report
5-Sep-2018
COMMODITY ROUNDUP
COMEX Gold futures started the week on a positive note.
The metal remained broadly supported amid continued
stress on the global trade front. US President Donald
Trump's weekend threats to leave Canada out of the new
North American Free Trade Agreement weighed on stocks.
The US stock market was closed on Monday for the Labor
Day holiday. COMEX Gold has recovered from an 18 month
low recently and the prices have moved up the critical
$1200 per ounce now. The yellow metal is currently quoting
at $1205 per ounce, flat on the day. Large speculators
trimmed their bearish net positions in the Gold futures
markets last week, according to the latest Commitment of
Traders (COT) data released by the Commodity Futures
Trading Commission (CFTC) on Friday. The non-commercial
futures contracts of Gold futures, traded by large
speculators and hedge funds, totaled a net position of -
3,063 contracts in the data reported through Tuesday
August 28th. This was a weekly gain of 5,647 contracts
. The non-commercial futures contracts of WTI Crude Oil
futures, traded by large speculators and hedge funds,
totaled a net position of 550,313 contracts in the data
reported through Tuesday August 28th. This was a weekly
rise of 11,528 contracts. Speculative positions had declined
for three straight weeks.
The commercial traders position, hedgers or traders
engaged in buying and selling for business purposes, totaled
a net position of -585,826 contracts on the week. This was a
weekly fall of -6,982 contracts.
London Metal Trade copper exchanged level at $5,976 a
ton, having prior slipped to $5,952.50, its weakest since
Aug. 23. Copper on Friday fell 1.5 percent to require the
month to month drop in Eminent to 5.2 percent. It was the
greatest month to month drop in two years and the third
month to month decay in a push. Indian Copper was trading
at Rs 417 per kg, down 1.6%. The prices of Copper tested a
high of Rs 424.45 per kg, and a low of Rs 416.6 per kg.
Nickel sank to its most reduced in more than seven months
this week, weighed down by stresses almost China's
economy, heightening exchange pressures and frail steel
prices. Manufacturing action in China, the world's greatest
shopper of mechanical metals, developed final month at its
slowest rate in more than a year, with trade orders
contracting for a fifth month and managers cutting more
staff, the Caixin/Markit Purchase Managers' Record
appeared. China's fabricating action developed at the
slowest pace in more than a year in August, with send out
orders contracting for a fifth month and bosses cutting
more staff, a private study appeared on Monday.
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
BUY GOLD OCT FUT ABOVE 30300 TGT 30400 30600 SL
BELOW 30200
SELL GOLD OCT FUT BELOW 30150 TGT 30050 29850 SL
ABOVE 30250
SILVER
TRADING STRATEGY:
BUY SILVER SEP FUT ABOVE 36700 TGT 36900 37200 SL
BELOW 36500
SELL SILVER SEP FUT BELOW 36500 TGT 36300 36000 SL
ABOVE 36700
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Special Report
5-Sep-2018
NCDEX INDICES
Index Value % Change
Barley 1639.5 1.17
Castor Seed 4696 -0.63
Chana 3915 0.98
Coriander 4794 2.52
Cotton Seed Oilcake 1715 -1.1
Guar Seed 10 MT 4323.5 -2.49
Jeera 19315 -0.16
Mustardseed 4039 0.95
Soy Bean 3304 0.95
Turmeric 6738 -0.35
RECOMMENDATIONS
GUARGUM
TRADING STRATEGY:
BUY GUARGUM OCT FUT ABOVE 9770 TGT 9820 9870 SL
BELOW 9720
SELL GUARGUM OCT FUT BELOW 9430 TARGET 9380-9340
SL 9470.
DHANIYA
TRADING STRATEGY:
BUY DHANIYA SEP FUT ABOVE 4820 TGT 4870 4920 SL
BELOW 4770
SELL DHANIYA SEP FUT BELOW 4640 TARGET 4600-4570 SL
4670
Pepper price in India extended their recent upmove
following the havoc caused by the flood in Kerala- the
primary domestic supplying state. In HCMC Viet Nam, local
price of black pepper also increased marginally as global
pepper markets watched the developments in India. Indian
Rupee is also tumbling to fresh lows in recent weeks and
that is also bound to feed into global pepper export quotes.
As per government notification, Indian sugar mills can sell
20 lakh metric tonnes of the sweetener in the open market
in September 2018, the Government said.In a notification
issued, the food ministry has allocated sugar quota for sale
to each of 524 mills in the country.The sugar mills who have
exported sugar under Minimum Indicative Export Quota
(MIEQ), allocated vide Order No. 1(4)/2018-1 dated
09.05.2018, either directly or by way of trading export
quota to third parties may also sell/dispatch additional
quantity of sugar equivalent to actual export during 2017-
18 sugar season till August ,2018 or their MIEQ, whichever
is less, excluding the additional quantity of sugar already
sold in the month of August 2018 on this account, in
addition to the quantity of white/ refined sugar specified
for domestic sale/despatch as indicated incolumn 4 of the
table. Third party under this clause shall be eligible only for
the quantity exported by it against its own quota.
In the previous month the Govt. allocated quota to 524
mills in the country to sell 17.50 lakh metric tonnes of the
sweetener.The government had announced creation of 3
million tonnes of buffer stock and stock holding limit on
sugar mills in a bid to improve liquidity of cash-starved
millers and enabling them to clear cane arrears of around
Rs.20,000 crores. Recently, the deadline of MIEQ has also
been extended till 31st December 2018.As per latest update
from United States Department of Agriculture (USDA),
Mexico cotton production for MY 2018/19 is 1.59 million
bales, 9 percent lower that the USDA official estimation.
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Special Report
5-Sep-2018
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 71.1857 Yen 63.9200
Euro 82.4919 GBP 91.4603
USD/INR
TRADING STRATEGY:
BUY USDINR ABOVE 71.80 TGT 72.30 72.80 SL BELOW 71.40
SELL USDINR BELOW 71.00 TGT 70.70 70.40 SL ABOVE 71.30
GBP/INR
TRADING STRATEGY:
BUY GBPINR ABOVE 92.70 TGT 93.00 93.30 SL BELOW 92.40
SELL GBPINR BELOW 91.50 TGT 91.20 90.90 SL ABOVE 91.80
The dollar was holding steady near one-month lows
against a currency basket on Thursday as markets awaited
trade developments, while the pound remained firm after
rallying in the previous session as fears over a no-deal
Brexit eased. The U.S. dollar index, which measures the
greenback’s strength against a basket of six major
currencies, was at 94.45 by 03:57 AM ET (07:57 GMT), not
far from Tuesday’s one-month lows of 94.34.
Market sentiment continued to be supported by hopes
that Canada will join the new trade agreement between
the U.S. and Mexico aimed at overhauling the North
American Free Trade Agreement ahead of a Friday
deadline.But the new trade deal did little to indicate how
a trade spat between the U.S. and China will play out after
talks last week ended with little progress and both
countries slapped fresh reciprocal tariffs on
imports.Sterling was steady after rising above the 1.30
level against the dollar for the first time in three weeks on
Wednesday after European Union negotiator Michel
Barnier said the bloc was prepared to offer Britain a
partnership after Brexit.GBP/USD was at 1.3028 after
gaining 1.23% in the previous session, its largest one-day
percentage gain since March 21.The pound was also
stronger against the euro, with EUR/GBP edging down to
0.8982 after ending the previous session with a loss of
1.09%.
The Indian rupee collapsed to lifetime closing lows against
the dollar following heavy month-end dollar demand from
importers and foreign capital outflows. The domestic
currency, having traded comfortably below the Rs 70/$
mark since late last week, slipped to an intra day low of
70.65 today before closing the day at 70.57, logging its
biggest single-day drop since August 13.
Consistent dollar demand from banks and importers,
mainly oil refiners, following higher crude oil prices, kept
the rupee under pressure. Yesterday, the local currency
had bounced back in a tepid fashion from the record
closing low, gaining 6 paise to end at 70.10 against the US
currency.
Meanwhile, the dollar rose against a basket of major
currencies after touching a four-week low overnight as
optimism over the U.S.-Mexico trade deal gave way to
caution ahead of a deadline in the China-U.S. trade
dispute.
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Special Report
5-Sep-2018
Date
Commodity/
Currency Pairs
Contract Strategy Entry Level Target Stop Loss Remark
04/09/18 NCDEX DHANIYA SEP BUY 4700 4730 4760 4670 TARGET HIT
04/09/18 NCDEX DHANIYA SEP SELL 4640 4600-4570 4670 NOT EXECUTED
04/09/18
NCDEX
GUARGUM5
OCT BUY 9770 9820 9870 9720 NOT EXECUTED
04/09/18
NCDEX
GUARGUM5
OCT SELL 9500 9470-9440 9550 TARGET HIT
04/09/18 MCX GOLD OCT BUY 30300 30400 30600 30200 OPEN
04/09/18 MCX GOLD OCT SELL 30150 30050 29850 30250 NOT EXECUTED
04/09/18 MCX SILVER SEP BUY 36700 36900 37200 36500 NOT EXECUTED
04/09/18 MCX SILVER SEP SELL 36500 36300 36000 36700 NOT EXECUTED
4Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
04/09/18 NIFTY FUTURE SELL 10650-10640 10590-10550 10680 TARGET HIT
04/09/18 ONGC FUTURE SELL 177-176 173-170 178.50 TARGET HIT
04/09/18 MANAPPURAM FUTURE SELL 100-100.50 97-95 102 TARGET HIT
04/09/18 UJJIVAN CASH BUY 349-350 353-358 346 TARGET HIT
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Special Report
5-Sep-2018
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
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Disclaimer
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS
TIME (ET) REPORT PERIOD ACTUAL FORECAST PREVIOUS
MONDAY, SEPT. 3
Labor Day holiday
None scheduled
TUESDAY, SEPT. 4
9:45 am Markit manufacturing PMI final Aug. 54.5
10 am ISM manufacturing index Aug. 58.1%
10 am Construction spending July -1.1%
Varies
WEDNESDA
Y, SEPT. 5
WEDNESDAY, SEPT. 5
WEDNESD
AY, SEPT.
5
WEDNESDAY, SEPT.
5
WEDNESDAY,
SEPT. 5
WEDNESDAY
, SEPT. 5
8:30 am Trade deficit July -$46.3bln
THURSDAY, SEPT. 6
8:15 am ADP employment Aug. 219,000
8:30 am Weekly jobless claims 9/1 --
8:30 am Productivity Q2 2.9%
8:30 am Unit labor costs Q2 -0.9%
9:45 am
10 am ISM nonmanufacturing index Aug. 55.7%
10 am Factory orders July