- US stock indexes closed higher on Monday driven by strong earnings from Berkshire Hathaway and Facebook. The S&P 500 was within 0.5% of its all-time high. - Asian shares rose on Wednesday backed by firm US earnings and expectations of increased Chinese stimulus. This helped offset concerns about the US-China trade dispute. - The Nifty 50 ended flat on Tuesday after hitting a new intraday high but formed a bearish candle. Bank Nifty underperformed while midcap and smallcap stocks declined.

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Special Report
08-Aug-2018
Global markets at a glance
The three major US stock indexes closed higher on Monday
as investors applauded a strong US earnings season with
results from Berkshire Hathaway impressing and Facebook
lifting Nasdaq after a report it was planning new services.
The S&P edged closer to a record hit on January 26, closing
within a percentage point of the all-time high for the first
time since the current correction began.
Investors were focused on robust corporate earnings and
shrugged off worries about US tensions with countries
including China and Iran.
"The earnings news has been powerful and it's allowed
investors to focus on what's most important but with
earnings winding down then investors tend to react to the
latest shiny object or geopolitical news headline," said Jack
Ablin, chief investment officer at Cresset Wealth Advisors
in Chicago.
Asian shares rose on Wednesday on the back of firmer Wall
Street earnings while expectations for increased Chinese
stimulus helped take the edge off wider concerns about the
worsening Sino-US trade dispute.
MSCI's broadest index of Asia-Pacific shares outside Japan
gained 0.22 percent while Japan's Nikkei ticked up 0.05
percent.On Wall Street, the S&P 500 rose 0.28 percent to
2,858, which is just 14 points, or about 0.5 percent, below
its record high marked in January.A strong second-quarter
earnings season fuelled optimism about US economic
strength. S&P 500 firms saw a 23.5 percent rise in their
April-June profits, according to Thomson Reuters data.
Previous day Roundup
After opening higher Tuesday, the Nifty 50 ended flat but
not before hitting a fresh intraday record high. It also made
a fresh closing high.
The index formed a bearish candle on the daily charts as
the closing price is lower than the opening price.
The Sensex, however, ended 26.09 points lower at
37,665.80 and even the broader markets closed in the red
with the Nifty Midcap index falling 0.3 percent. The
sectoral trend was mixed.The Nifty50 after opening above
10,400 levels hit a fresh record high of 11,428.95 on
intraday basis but erased gains in late morning deals to
touch a day's low of 11,359.70. Overall the index remained
rangebound for major part of the session and managed to
close in the green with 2.40-point gain at 11,389.50.
Index stats
The Market was very volatile in last session. The sartorial in
dices performed as follow; Commodities[4.50pts],
Consumption[12.35pts],PSE[ -20.25pts],CPSE[-
26.00pts],Energy[-99.55pts],FMCG[-81.65pts],Auto
[32.85pts],Pharma[-37.55pts],IT[8.20pts],Metal
[39.55pts],Realty[-1.65 pts], Fin Serv sector[3.35pts].
World Indices
Index Value % Change
DJI 25,462.58 0.54
S&P500 2,826.75 0.06
NASDAQ 7,413.50 0.16
FTSE100 7,659.10 1.09
NIKKEI 22,561.23 0.16
HANG SENG 27,867.39 0.69
Top Gainers
Company CMP Change % Chg
Tata Steel 573.15 19.90 3.60
Titan Company 927.25 25.60 2.84
Grasim 1,018.85 19.45 1.95
Asian Paints 1,424.25 26.85 1.92
Bajaj Finance 2,747.35 51.10 1.90
Top Losers
Company CMP Change % Chg
Adani Ports 372.30 -25.05 -6.30
Coal India 275.40 -7.75 -2.74
HPCL 288.60 -5.50 -1.87
BPCL 394.10 -6.90 -1.72
SBI 304.05 -4.45 -1.44
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
AIAENG 1722.55 62.45 3.63
BALAXI 18.7 0.9 4.81
BANKBEES 2846.66 -11.16 -0.39
BATAINDIA 934.25 26.85 2.87
BIRLACABLE 107.8 10.75 9.97
Indian Indices
Company CMP Change % Chg
NIFTY 11389.50 2.40 0.02
SENSEX 37665.80 -26.09 -0.07
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
ABGSHIP 5.2 -0.05 -0.96
BIOFILCHEM 10.7 0.45 4.21
CTE 50.1 2.5 4.99
CURATECH 3.75 -0.15 -4
DEN 46.25 1.25 2.7

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Special Report
08-Aug-2018
STOCK RECOMMENDATION [CASH]
EDELWEISS [CASH]
From the daily chart its clear that the particular script
formed a Bullish Candle on daily scale and supports are
gradually shifting higher. Now it has to continue to hold
above 316 zones to extend its move towards 330 so we
advice you to buy around the levels of 316-318 for the
target of 325-332 with stoploss below 312.
MACRO NEW
 Trends on SGX Nifty indicate a positive opening for the
broader index in India, a rise of 5 points or 0.04
percent. Nifty futures were trading around 11,431-
level on the Singaporean Exchange.
 Oil prices rose on Tuesday after US sanctions on
Iranian goods went into effect, intensifying concerns
that sanctions on Iranian oil, expected in November,
could cause supply shortages. Renewed US sanctions
against OPEC member Iran officially went into effect at
12:01 a.m. EDT. The sanctions did not include Iran’s oil
exports. The country exported almost 3 million barrels
per day (bpd) of crude in July.
 Mutual funds' asset base rose by 5 percent to Rs 23.96
lakh crore in July-end, driven by participation from
retail investors and a spirited investor awareness
campaign by the industry. The asset under
management (AUM) of the industry, comprising 42
players, was Rs 22.86 lakh crore at the end of June,
according to the data by Association of Mutual Funds
in India (Amfi).
 ndia doubled the import tax on more than 300 textile
products to 20 percent on Tuesday as the world’s
biggest producer of cotton tries to curb rising imports
from China. It was the second tax hike on textiles in as
many months after an increase on other products
including fiber and apparels last month.
RECOMMENDATIONS [FUTURE]
1.SUNPHARMA [FUTURE ]
The particular counter is showing a clear sign of reversal
from its higer levels of 590 with stochastic momentum
indicator giving a overbought signal, as per the candlestick
pattern a bearish engluf candle is found around the
reistance level of 590 sell on weakness would be good
opportunity to grab so we advice to sell sunpharma around
the levels of 582-580 for the targets of 570-560 with
stoploss above 588
2.HINDPETRO [FUTURE]
The particular script has rebounded from its support level of
204 by making a spinning top candle which is reversal candle
and breaked its crucial resistance level of 216.80 ,now it has
closed above it with optimum volume so today we can
witness a good upside movement here buy on high would
be a good opportunity to trade. So we recommend you to
buy hindpetro future around 218-219 target 225-230 with
stoploss below 215.

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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-Aug-2018
MOST ACTIVE CALL OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
BANKNIFTY CE 28,500 2.05 1,04,846 6,21,640
NIFTY CE 11,400 131.55 84,400 28,45,950
NIFTY CE 11,600 42.8 66,433 24,75,300
PNB CE 90 2.15 10,244 1,41,84,500
PNB CE 100 0.8 9,038 1,00,43,000
PNB CE 95 1.2 6,460 69,41,000
TATASTEEL CE 580 20.4 5,129 10,10,072
MARUTI CE 9,500 126 5,090 1,65,900
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
BANKNIFTY PE 27,800 69.95 2,85,675 7,61,360
BANKNIFTY PE 27,700 45.85 2,13,245 9,24,000
BANKNIFTY PE 27,600 29 2,00,140 8,40,640
PNB PE 80 2.75 5,114 61,65,500
PNB PE 85 5.2 4,175 36,74,000
AXISBANK PE 580 12.95 3,810 7,54,800
TATAMOTORS PE 250 7.25 3,270 35,61,000
ICICIBANK PE 300 4.65 3,213 36,98,750
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 18797 1732.24 16696 1600.94 303684 26636.51 131.3
INDEX OPTIONS 495820 50403.69 512765 52075.29 673371 60394.18 -1671.5991
STOCK FUTURES 176472 11999.53 178301 12020.70 1116162 83275.79 -21.1685
STOCK OPTIONS 98471 6949.88 101906 7204.18 116286 8824.33 -254.3075
-1815.7751
STOCKS IN NEWS
 Adani Power: Q1 net loss at Rs 825.2 crore versus
loss of Rs 452.8 crore; revenue falls to Rs 3,829.7
crore versus Rs 5,543.4 crore (YoY).
NIFTY FUTURE
The Nifty50 after opening above 10,400 levels hit a fresh
record high of 11,428.95 on intraday basis but erased
gains in late morning deals to touch a day's low of
11,359.70. Overall the index remained rangebound for
major part of the session and managed to close in the
green with 2.40-point gain at 11,389.50.The index
formed a bearish candle on the daily charts as the
closing price is lower than the opening price.According
to Pivot charts, the key support level is placed at
11,356.47, followed by 11,323.43. If the index starts
moving upwards, key resistance levels to watch out are
11,425.77 and 11,462.03.so we advice you to buy nifty
future around the levels of 11430-35 for the targets of
11500-550 with stoploss below 11280.
INDICES R2 R1 PIVOT S1 S2
NIFTY 11461.00 11425.00 11392.00 11356.00 11323.00
BANKNIFTY 28057.00 27966.00 27896.00 27805.00 27735.00

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Special Report
08-Aug-2018
COMMODITY ROUNDUP
Broad demand worries in global and local markets and poor
technical picture for COMEX Gold kept the proceedings lax
and the prices fell near their one year low. The yellow metal
did see some buying thereafter and ended above $1220 per
ounce but the overall undertone in the market remains
tepid. MCX Gold futures closed at Rs 29650 per 10 grams.
Indian gold demand was down from a strong Q2 2017,
falling 8% to 147.9 tonnes (t) in Q2 2018 due to high local
prices and seasonal factors, but was in line with the long-
term average, according to a latest update from the World
Gold Council (WGC). The y-o-y drop in demand was
magnified by the jump in demand seen in Q2 last year when
consumers rushed to make gold purchases before GST was
implemented on 1 July. Global demand showed a grim
picture.Global Gold demand slipped 6% in the first half of
this year following a sharp decline in purchases for
investment purposes, the World Gold Council (WGC) said in
a report. Total global demand for gold was 1,959.9 tonnes
over January-June, down from 2,086.5 tonnes in the same
period last year and the lowest first-half total since 2009,
the WGC said in its latest Gold Demand Trends report. For
the second quarter, demand was down 4% year-on-year at
964.3 tonnes. Purchases of gold for investment fell 9%,
driven by a 46% decline in ETF buying. Central bank
purchases dropped 7% over April-June period.WTI Crude oil
futures saw volatile moves, falling near six week low before
recovering on bargain buying and consolidated just under
$69 per barrel mark. MCX Crude oil futures ended just
under Rs 4700 per barrel mark. The US Energy Information
Administration or EIA reported that US crude oil inventories
had added 3.8 million barrels last week. At 408.7 million
barrel, US crude oil inventories are about 1% below the 5-
year average for this time of year, the Weekly Petroleum
Status Report indicated. US refinery inputs averaged 17.5
million b/d for the week ended July 27, about 195,000 b/d
more than the previous week's average. Refineries operated
at 96.1% of capacity. Gasoline production increased,
averaging 10.5 million b/d. Distillate fuel production
increased, averaging 5.2 million b/d. US crude oil imports
averaged 7.7 million b/d, down by 21,000 b/d from the
previous week. Over the last 4 weeks, crude oil imports
averaged 8 million b/d, 0.4% more than the same period
last year - highlighting strong US demand. Copper saw a
recovery after recent correction that took prices to two
week low on COMEX. Brazilian farmers will increase their
soybean acreage for the 12th consecutive year in a row in
2018/19. It is estimating that the Brazilian soybean acreage
will increase by 3-4% to 36 million hectares or more.
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
BUY GOLD OCT FUT ABOVE 29700 TGT 29770 29870 SL
BELOW 29600
SELL GOLD OCT FUT BELOW 29600 TGT 29530 29430 SL
ABOVE 29700
SILVER
TRADING STRATEGY:
BUY SILVER ABOVE 38000 TGT 38200 38500 SL BELOW
37850
SELL SILVER BELOW 37850 TGT 37650 37350 SL ABOVE
38000

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Special Report
08-Aug-2018
NCDEX INDICES
Index Value % Change
Barley 1611 0.19
Castor Seed 4647 1.04
Chana 4160 1.51
Coriander 4958 0.02
Cotton Seed Oilcake 1742 1.63
Guar Seed 10 MT 4353 1.94
Jeera 19630 -1.16
Mustardseed 4102 0.39
Soy Bean 3393 0.5
Turmeric 7238 0.17
RECOMMENDATIONS
GUARGUM5
BUY GUARGUM OCT FUT ABOVE 9570 TGT 9640 9790 SL
BELOW 9470
SELL GUARGUM OCT FUT BELOW 9470 TGT 9400 9250 SL
ABOVE 9570
DHANIYA
BUY DHANIYA AUG FUT ABOVE 5000 TGT 5050 5150 SL
BELOW 4930
SELL DHANIYA AUG FUT BELOW 4930 TGT 4880 4780 SL
ABOVE 5000
Weakness was seen in wheat due to thin buying in local
mandies. The spot prices of wheat increased by Rs 10 per
quintal at Delhi Mandi. As per latest update from United
States Department of Agriculture (USDA), the global
2018/19 wheat supplies are seen decreasing 9.3 million
tons due to primarily on lower production, which is the
smallest in three years. Strong buying by traders has
extended gains in turmeric market today. The total daily
arrivals of 18000-25000 bags have been reported in
Nizamabad mandi, while 1000-1200 bags in Erode mandi.
The spot prices of turmeric increased by Rs 30 per quintal,
with the price range of Rs 6950-7200 per quintal. Weakness
in oilmeal demand has added selling in mustard seed
market. As per latest data compiled by Ministry of
Agriculture, oilseeds acreage declined by 1.15 percent on
the account of decline in groundnut and sunflower area in
Gujarat. Traders stated that spot prices decreased by more
than Rs 12 per quintal today in Jaipur, while arrivals were
reported in the range of 0.80-1.20 lakh bags. Domestic
exports of farm and processed food products went up by
nearly 6% growth in dollar terms to $4.68 billion during the
April-June quarter of this year over the corresponding
period last year according to the latest numbers from the
Agricultural and Processed Foods Export Development
Authority (Apeda). In rupee terms, the growth was higher,
clocking around 10% to Rs 31,397 crore. The export growth
has been buyoant mainly on account of strong demand for
non-basmati rice, pulses, dairy products, guar gum, fruits,
vegetable seeds etc. Buoyancy continued in Chana prices
today due to limited supplies. The spot prices were trading
in the range of Rs 4350-4400 per quintal with total arrivals
of 12 motors. As per latest data compiled by Ministry of
Agriculture, the Kharif pulses area lagged by 3.90% to stand
at 115 lakh hectares.

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-Aug-2018
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 68.8525 Yen 62.0175
Euro 79.9875 GBP 89.3575
USD/INR
BUY USDINR ABOVE 69.10 TGT 69.40/69.70 SL BELOW 68.80
SELL USDINR BELOW 68.30 TGT 68.00/67.70 SL ABOVE 68.60
GBP/INR
BUY GBPINR ABOVE 89.90 TGT 90.20/90.50 SL BELOW 89.60
SELL GBPINR BELOW 89.30 TGT 89.00/88.70 SL ABOVE 89.60
The beaten-down rupee today staged a good show by
recuperating 10 paise to end at 68.60 against the US dollar
in line with a stellar rally in domestic equities despite
ongoing global trade war jitters. The domestic unit
yesterday plunged by 27 paise to hit a one-week low of
68.70. Today, however, steady unwinding of dollars by
banks and corporates ahead of the key US labour data too
supported the late upmove in the Indian currency.
The forex market sentiment got revived towards the fag-
end trade largely tracking strength in local shares and
falling global crude prices that helped offset early steep
losses in the Indian rupee.
The domestic unit swung between a high of 68.60 and a
low of 68.84 against the American dollar during the day.
Meanwhile, bulls staged a spectacular comeback as stocks
rallied with vigour and strength on wave of frenzied buying
amid promising Q1 earnings growth outlook, lifting the
Nifty to another historical close.
On the energy front, crude prices drifted after China
announced it would impose tariffs on USD 60 billion in US
goods, the latest development in an escalating trade
dispute that has raised concerns about a slowdown in
economic growth.
The Benchmark brent for September settlement traded
sharply lower at USD 73.43 a barrel in early Asian trade.
Yuan dipped further after an aggressive devaluation from
the PBOC today with the Chinese currency depreciating
beyond record low of 6.89 against the greenback. The
People's Bank of China is devaluing its currency in response
to the trade war.
Earlier, the rupee opened almost flat at 68.69 from
overnight close of 68.70 at the Interbank Foreign Exchange
(forex) market. But, it eventually lost uptrend support and
drifted sharply to hit an intra-day low of 68.84 in mid-
afternoon deals. The local unit, however, regained lost
ground in the second half of the session owing to some
fresh US dollar selling heading into the US labour market
report due later today and managed to close at the session
high of 68.60, showing a gain of 10 paise, or 0.15 per cent.
The bond markets, however, remained under pressure for
the second straight day on expectations that the RBI may
hike key policy rates higher again in order to keep inflation
in check. The 10-year benchmark bond yield rose 4 bps to
7.76 per cent.

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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-Aug-2018
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Disclaimer
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS
TIME (ET) REPORT PERIOD ACTUAL FORECAST PREVIOUS
MONDAY, AUG. 6
11 am Survey of consumer expectations July
TUESDAY, AUG. 7
10 am Job openings June -- 6.6 mln
3 pm Consumer credit June -- $25 bln
WEDNESDAY, AUG. 8
None scheduled
THURSDAY,
AUG. 9
THURSDAY, AUG. 9
THURSDA
Y, AUG. 9
THURSDAY, AUG. 9
THURSDAY,
AUG. 9
THURSDAY,
AUG. 9
8:30 am
8:30 am Producer price index July 0.3% 0.3%
10 am Wholesale inventories June -- 0.6%
FRIDAY,
AUG. 10
FRIDAY, AUG. 10
FRIDAY,
AUG. 10
FRIDAY, AUG. 10 FRIDAY, AUG. 10
FRIDAY,
AUG. 10
8:30 am Consumer price index July 0.2% 0.1%
8:30 am
2 pm Federal budget July -- -$43 bln
8:30 am Gross domestic product Q2 4.0% 2.0%