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
09-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.
Previous day Roundup
Bulls pushed the Nifty index to a record high of 11,459.95
Wednesday after two straight days of consolidation, but
analysts’ feel investors should tread with cautions as the
index is near crucial resistance levels.
The index formed a bullish candle on the daily charts after
two successive bearish candles. The next crucial resistance
for the index is placed at 11,500-11530 while support is
placed at 11,330.The index formed a Bullish candle on the
daily scale with the highest ever daily closing ahead of
weekly expiry day. It has to hold above 27,900 zones to
extend its move towards 28,250 zones while major support
is seen at 27,650 zones.
According to Pivot charts, the key support level is placed at
11,399.53, followed by 11,349.07. If the index starts
moving upwards, key resistance levels to watch out are
11,480.23 and 11,510.47.
Index stats
The Market was very volatile in last session. The sartorial in
dices performed as follow; Commodities[16.65pts],
Consumption[7.75pts],PSE[-0.70pts],CPSE[14.75pts],Energy
[264.10pts],FMCG[162.15pts],Auto[-34.45pts],Pharma[-
63.80pts],IT[-5.55pts],Metal[8.35pts],Realty[-0.15 pts], Fin
Serv sector[67.85pts].
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
ONGC 172.50 4.95 2.95
Reliance 1,217.70 33.50 2.83
Bajaj Finance 2,813.15 65.80 2.40
ICICI Bank 318.70 5.55 1.77
Bharti Infratel 290.45 4.55 1.59
Top Losers
Company CMP Change % Chg
Lupin 825.55 -41.05 -4.74
Maruti Suzuki 9,207.40 -204.10 -2.17
HPCL 282.70 -5.90 -2.04
BPCL 387.30 -6.80 -1.73
Bajaj Auto 2,660.60 -26.00 -0.97
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
AARTIIND 1329.7 69.25 5.21
AIAENG 1755.75 49.25 2.81
BAJFINANCE 2747.35 62.6 2.28
BALAXI 19.6 0.95 4.85
BANKBEES 2841.02 15.38 0.54
Indian Indices
Company CMP Change % Chg
NIFTY 11450.00 60.50 0.53
SENSEX 37887.56 221.76 0.59
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
ARENTERP 8.95 -0.2 -2.23
ASIANTILES 282 -6.8 -2.41
BIOFILCHEM 10.45 0.45 4.31
CCCL 2.9 0 0
CURATECH 3.6 0 0
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
09-Aug-2018
STOCK RECOMMENDATION [CASH]
BEL [CASH]
From the daily chart its clear that the particular counter is
showing strength around its crucial resisatnce level of
122.25, today if the market shows a little strength then it
may break this level and 2-3 upside movement is easily
possible so buy on strength would be a good opportunity
here we advice you to go for a long position around 122.25
-123 for the targets of 126-130 with stoploss below 120.
MACRO NEW
Trends on SGX Nifty indicate a negative opening for
the broader index in India, a fall of 4.5 points or 0.04
percent. Nifty futures were trading around 10,473-
level on the Singaporean Exchange.
China is slapping additional import tariffs of 25
percent on USD 16 billion worth of US goods ranging
from oil and steel products to autos and medical
equipment, the commerce ministry said, as the
world's two largest economies escalate their trade
dispute."This is a very unreasonable practice," the
commerce ministry said on its website
www.mofcom.gov.cn, responding to the United States'
decision to slap 25 percent tariffs on another USD16
billion of Chinese goods on August 23.
The National Stock Exchange (NSE) plans to focus on
equity, debt and interest rate futures segments for
business expansion as well as on reducing the cost of
raising funds for companies, a senior official
said.Equity market penetration has the potential to
grow and the bourse intends to concentrate on
segments like debt, interest rate futures and
commodity market for expanding its business, NSE
chairman Ashok Chawla said at the exchange's silver
jubilee celebrations.
RECOMMENDATIONS [FUTURE]
1.GRANULES [FUTURE ]
The particular counter is showing a clear sign of reversal
from its higer levels of 110 with stochastic momentum
indicator giving a overbought signal, as per the candlestick
pattern a bearish hanging man candle is found around the
reistance level of 110 with a bearish confiramtion candle
sell on weakness would be good opportunity to grab so we
advice to sell granules around the levels of 104-103 for the
targets of 100-96 with stoploss above 107
2.ONGC [FUTURE]
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 171 zones to extend its move towards 180 so we
advice you to buy around the levels of 172-173 for the target
of 176-180 with stoploss below 170.
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
09-Aug-2018
MOST ACTIVE CALL OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
BANKNIFTY CE 27,900 206.15 1,92,819 3,28,560
NIFTY CE 11,500 98.7 1,48,296 36,78,525
NIFTY CE 11,400 158.7 97,644 26,13,750
RELIANCE CE 1,200 41.1 8,280 17,03,000
RELIANCE CE 1,220 29.7 8,115 12,19,000
ASHOKLEY CE 130 3 7,513 64,92,000
LUPIN CE 900 6.5 7,116 8,51,200
RELIANCE CE 1,240 21 6,996 19,17,000
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 27,400 4 1,35,990 4,23,720
NIFTY PE 11,400 91.4 1,27,098 23,84,475
NIFTY PE 11,300 63 1,12,589 41,25,375
LUPIN PE 800 17.5 5,470 4,15,800
RELIANCE PE 1,180 12.3 5,038 14,27,000
RELIANCE PE 1,160 8.5 4,560 13,49,000
MARUTI PE 9,000 105.05 4,367 78,750
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 30365 2863.78 23277 2204.82 315364 27737.94 658.9689
INDEX OPTIONS 882603 92342.34 889773 92974.78 675189 60824.38 -632.4454
STOCK FUTURES 158203 10878.12 159619 10793.21 1120952 83926.73 84.9038
STOCK OPTIONS 73912 5546.71 75606 5706.08 123358 9470.90 -159.3718
-47.9445
STOCKS IN NEWS
Indian Hume Pipe board approved proposed revenue
sharing transaction with developer Kalpataru
Gardens
NMDC Q1: Net profit at Rs 975.2 crore against Rs
969.2 crore, revenue down 14.8% at Rs 2,422 crore
versus Rs 2,841 crore,YoY
NIFTY FUTURE
Bulls pushed the Nifty index to a record high of
11,459.95 Wednesday after two straight days of
consolidation, but analysts’ feel investors should tread
with cautions as the index is near crucial resistance
levels.The index formed a bullish candle on the daily
charts after two successive bearish candles. The next
crucial resistance for the index is placed at 11,500-11530
while support is placed at 11,330, suggest experts,so we
advice you to buy nifty future around the levels of
11460-75 for the targets of 11520-570 with stoploss
below 11400.
INDICES R2 R1 PIVOT S1 S2
NIFTY 11509.00 11479.00 11429.00 11399.00 11349.00
BANKNIFTY 28286.00 28174.00 28016.00 27904.00 27746.00
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
09-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 29670 TGT 29740 29840 SL
BELOW 29570
SELL GOLD OCT FUT BELOW 29570 TGT 29500 29600 SL
ABOVE 29670
SILVER
TRADING STRATEGY:
BUY SILVER SEP FUT ABOVE 38050 TGT 38250 38550 SL
BELOW 37900
SELL SILVER SEP FUT BELOW 37850 TGT 37650 37350 SL
ABOVE 38000
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
09-Aug-2018
NCDEX INDICES
Index Value % Change
Barley 1606 -0.19
Castor Seed 4680 0.8
Chana 4148 -0.26
Coriander 4929 -0.4
Cotton Seed Oilcake 1710 -1.78
Guar Seed 10 MT 4381 0.39
Jeera 19710 0.38
Mustardseed 4089 -0.2
Soy Bean 3353 -1.18
Turmeric 7220 -0.41
RECOMMENDATIONS
GUARGUM5
BUY GUARGUM OCT FUT ABOVE 9500 TGT 9580 9680 SL
BELOW 9420
SELL GUARGUM OCT FUT BELOW 9400 TGT 9420 9320 SL
ABOVE 9480
DHANIYA
BUY DHANIYA AUG FUT ABOVE 4960 TGT 5010 5110 SL
BELOW 4900
SELL DHANIYA AUG FUT BELOW 4890 TGT 4840 4740 SL
ABOVE 4950
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
09-Aug-2018
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 68.6465 Yen 61.7400
Euro 79.7169 GBP 88.8167
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.
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
09-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%