Global markets snapshot & stock recommendations

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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
22-Nov-2018
Global markets at a glance
The S&P 500 ended higher on Wednesday after a brutal
two-day selloff, led by a rebound in energy and technology
shares, but the market faltered towards the session’s end
as Apple shares surrendered gains ahead of the
Thanksgiving holiday. The Dow also gave up its gains to end
flat, while the S&P 500 ended near its session lows, a sign
of lingering bearishness.The Dow Jones Industrial Average
ended flat at 24,464.69, the S&P 500 gained 8.04 points, or
0.30 percent, to 2,649.93 and the Nasdaq Composite added
63.43 points, or 0.92 percent, to 6,972.25.
Asian shares stepped ahead cautiously on Thursday while
oil rebounded from a steep sell-off, though rising US
interest rates and escalating trade tensions kept financial
markets on edge amid signs of slackening global
growth.MSCI’s broadest index of Asia-Pacific shares outside
Japan tacked on 0.2 percent and has so far managed to
hold up in November after three straight monthly declines.
Japan's Nikkei rose 0.7 percent while Australian shares
advanced 0.6 percent.Trade tensions and higher interest
rates are slowing the global economy, though for now
there are no signs of a sharp downturn, the OECD said on
Wednesday, lowering its outlook for next year.
PREVIOUS DAY ROUNDOFF
The market extended losses for the second consecutive
session on Wednesday following global weakness and
dragged by technology stocks. The Nifty50 fell near 10,550
levels but showed some recovery in later part of the
session and defended 10,600 levels. The index lost 56.20
points to close at 10,600 while the Sensex fell 274.71 points
to 35,199.80.The consistent sell-off amid volatility
indicated that cautious approach would be prudent
strategy now, experts said.According to Pivot charts, the
key support level is placed at 10,551.1, followed by
10,502.2. If the index starts moving upwards, key
resistance levels to watch out are 10,660.1 .
Index stats
The Market was very volatile in last session. The sartorial in
dices performed as follow; Commodities[0.06pts],
C o nsum pt io n[+ 0 .11pt s ],P SE [ - 0.30 pts ], CP SE [ -
+0.23pts],Energy[-1.46pts],FMCG[-0.06pts],Auto[-
0.16pts],Pharma[1.70pts],IT[ -2.84pts],Metal[-
0.80pts],Realty[+1.50pts], Fin Serv sector[+0.40pts].
World Indices
Index Value % Change
DJI 24470 +0.7
S&P500 2649.93 +0.30
NASDAQ 6972.25 +0.91
FTSE100 7050.23 +1.45
NIKKEI 21507.54 -0.35
HANG SENG 25971.47 +0.58
Top Gainers
Company CMP Change % Chg
Dr Reddys Labs 2,601.80 158.65 6.49
Yes Bank 198.15 6.05 3.15
Grasim 863.75 25.8 3.08
Bajaj Finserv 5,851.95 163.4 2.87
UPL 779.25 20.05 2.64
Top Losers
TCS 1,812.00 -66.25 -3.53
Infosys 619.1 -22.3 -3.48
Power Grid Corp 182.1 -6.3 -3.34
Tech Mahindra 690.65 -19.05 -2.68
HCL Tech 985.15 -23.8 -2.36
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
AARTIIND 1436.15 17.85 1.24
ATUL 3541.95 -11.9 -0.34
BLUECHIP 0.9 -0.05 -5.56
DIVISLAB 1558.7 6.3 0.4
ELECTROSL 27.3 1.35 4.95
Indian Indices
NIFTY 10600 -56.20 -0.53
SENSEX 35199.80 -274.71 -0.53
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
ABGSHIP 2.85 0 0
ACCELYA 946.2 -1.15 -0.12
ADHUNIK 2.7 0.1 3.7
AGRITECH 51.75 0.1 0.19
AIFL 47.85 -2.35 -4.91

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Special Report
22-Nov-2018
STOCK RECOMMENDATION [CASH]
TCS [CASH]
On daily chart we have seen that stock is forming bearish
candle. In last trading session a large bearish candle form
with strong volume . After analysis of derivative data its
indicate that traders view is to sell the stock . Our
recommendation is also the stock from 1805 Target
1800/1780 Sl 1820 .
MACRO NEWS
 Reliance Jio Infocomm will serve the country's largest
and most sought-after accounts in telecom - the
railways - from January 1, with officials saying it is
likely to slash the national transporter's phone bills by
around 35 percent at least.Railways has been
using Bharti Airtel for over six years as its telecom
provider for 1.95 lakh mobile phone connections used
by its employees in closed user group (CUG) across the
country for which the railways paid around Rs 100
crore bill per year, they said.
 The Indian rupee opened 32 paise higher to trade at
71.14 per US dollar. The Indian currency had ended
the previous session at 71.46 per US dollar.Increased
selling of the greenback by exporters amid softening
crude oil prices, and persistent foreign fund inflows
pushed the Indian currency higher on Tuesday.
 As the Brexit negotiations head towards an endgame,
there is turmoil all around. British politics is on a
knife's edge with the future of Prime Minister Theresa
May, and in some ways the entire Conservative Party,
on the line. The Opposition too is struggling to put its
own house in order and even the European Union (EU)
is facing disunity within its ranks despite pretensions
of a united front.
RECOMMENDATIONS [FUTURE]
1. Pidilite FUTURE ]
On daily chart we have seen that stock is forming bullish
candle. In last trading session a large bullish candle form
with strong volume . After analysis of derivative data its
indicate that traders view is to Buy the stock . Our
recommendation is also the stock future from 1155 Target
1162/1170 Sl 1140 .
2. Adani PORTS[FUTURE]
On daily chart we have seen that stock is traded near its
resistance level . Profit boking we have seen in last trading
session . After analysis of derivative data its indicate that
traders view is to long the stock . Our recommendation is
also sell the stock in the range of 362 arget 358/355 Sl 365

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Special Report
22-Nov-2018
MOST ACTIVE CALL OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
BANKNIFTY CE 26,300 104.95 9,47,015 5,65,880
BANKNIFTY CE 26,500 33.95 9,45,211 12,36,780
BANKNIFTY CE 26,400 60.9 9,15,685 6,87,100
RELIANCE CE 1,140 8.5 14,350 19,60,500
RELIANCE CE 1,160 4.5 11,767 23,53,000
RELIANCE CE 1,120 15.8 9,557 11,52,500
MARUTI CE 7,500 81 8,643 2,09,925
ASHOKLEY CE 115 1.25 7,743 1,12,88,000
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 26,000 18.9 9,99,759 13,89,400
BANKNIFTY PE 26,100 32.05 6,99,883 7,67,220
BANKNIFTY PE 26,200 53 6,05,859 6,30,160
RELIANCE PE 1,100 10.25 12,291 8,38,000
RELIANCE PE 1,120 18.95 8,209 5,86,500
RELIANCE PE 1,080 5.4 7,169 6,83,500
TCS PE 1,800 21.3 6,377 2,65,000
MARUTI PE 7,300 60 4,129 67,200
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 42868 3047.55 56423 3752.67 457189 34619.01 -705.1176
INDEX OPTIONS 1715848 102138.96 1677345 99355.24 1068537 77695.90 2783.7144
STOCK FUTURES 203815 11746.68 206447 11857.72 1439971 83941.41 -111.0374
STOCK OPTIONS 149472 8761.81 147165 8617.80 177219 10523.78 144.0108
2111.5702
STOCKS IN NEWS
Yes Bank: Rattled by the resignation of three Board
members, the Board meeting will now take place on
December 13 to discuss among other things the
appointment of chairman, chief executive and
independent director.
Jet Airways: Company in talks with various investors
amid reports of seeking Etihad support.
NIFTY FUTURE
Nifty 50 on Tuesday Strong Selling pressure in market .
Nifty approch towards 10550 major support level near
intra day . Profit booking shown in th market in last two
trading session .Our recommendation is to Buy the nifty
future in range of 10600-10620. Target
10650/10680/10700 SL 10540
INDICES R2 R1 PIVOT S1 S2
NIFTY 10720.2 10660.1 10611.2 10551.1 10502.2
BANKNIFTY 26503.1 26382.6 26221.6 26101.1 25940.1

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Special Report
22-Nov-2018
COMMODITY ROUNDUP
Nagpur Soybean, Soyoil, Soymeal Open-November 16, 2018
Nagpur, Nov 16 (Reuters) – The rising trend in Castor oil
prices in non-edible section remained unabated for the
fourth straight day today in Vidarbha region of Central
Maharashtra as prices rise further on increased buying by
oil paint industries for the ongoing festival season, amid a
firm trend in producing belts. Trading activity in other edible
oils reported weak as traders because of good recovery in
international edible oils, sources said Tuesday
Gold prices rose on Friday, having hit a one-week high
earlier in the session, as investors sought safe-haven assets
amid fears of a chaotic departure for Britain from the
European Union.UK Prime Minister Theresa May's draft
Brexit plan ran into dispute after the resignation of key
ministers from her government and eurosceptic lawmakers
stepped up efforts to topple her, provoking fears the
country could crash out of the EU without a divorce deal.
issues around Brexit have invigorated a little bit of safe-
haven buying in the market ... The focus of the market has
turned slightly to geopolitical issues at the moment," said
ANZ analyst Daniel Hynes.Spot gold XAU= was up 0.2
percent at $1,214.93 per ounce, as of 0720 GMT. Earlier in
the session, the bullion hit $1,216.79, its highest since Nov.
9.Prices are expected to end the week higher after declining
nearly 2 percent last week.U.S. gold futures GCcv1 were flat
at $1,215.3 per ounce.
"Gold should continue to find demand on dips, provided the
U.S. dollar remains in check," Stephen Innes, APAC trading
head at OANDA in Singapore said in a note.The dollar
index .DXY , which measures the greenback against a basket
of six major currencies, was at 96.91, not far from a 16-
month high of 97.69 hit at the start of the week. USD/
Investors also kept an eye on the U.S.-China trade tensions
as they looked for concrete signs the economic powers
were seeking to de-escalate their dispute. may continue to
struggle for direction in the near term as conflicting
messages out of the White House cast doubt on prospects
for de-escalation in the U.S. trade war with China even as
markets continue to worry about UK politics," said Ilya
Spivak, a currency strategist for DailyFX.
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
BUY GOLD ABOVE 30800 TGT 30850 30900 SL BELOW
30750
SELL GOLD BELOW 30750 TGT 30700 30650 SL ABOVE
30850
SILVER
TRADING STRATEGY:
BUY SILVER ABOVE 37000 TGT 37070 37120 SL BELOW
36800
SELL SILVER BELOW 37800 TGT 37750/37700 SL ABOVE
37920

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Special Report
22-Nov-2018
NCDEX INDICES
Index Value % Change
Barley 1862 0.16
Castor Seed 5688 -0.39
Chana 4652 0.69
Coriander 6618 -2.77
Cotton Seed Oilcake 1930.5 0.39
Guar Seed 10 MT 4513.5 -2.27
Jeera 19760 -1.57
Mustardseed 4080 0.02
Soy Bean 3410 0.12
Turmeric 6478 0
RECOMMENDATIONS
GUARGUM5
TRADING STRATEGY:
BUY GUARGUM DEC ABOVE 9050 TARGET 9100/9150 SL
8950
SELL GUARGUM ABOVE DEC 9000 TARGET 8950/8900 SL
9100
DHANIYA
TRADING STRATEGY:
BUY DHANIYA DEC ABOVE 6500 TARGET 6530/6560/6590
SL 6400
SELL DHANIYA DEC ABOVE 6400 TARGET 6370/6340 SL
6500
The yield on the benchmark 10-year government security
will trade in a relatively wide range of 7.6-8 per cent till
December, a report said Thursday. The benchmark g-sec is
trading at between 7.7-7.75 per cent at present, domestic
rating agency Icra said. It said the yield will be influenced by
various factors including crude oil prices, the evolving
balance of various fiscal risks, likelihood of revision in
governments market borrowing in Q4, magnitude of open
market operatiion In the report, the agency said price of the
Indian crude oil basket is likely to remain considerably
lower in the immediate term than the average of USD 80
per barrel in October 2018. It attributed this expectation to
factors like exemptions from US sanctions on Iran for India
and seven other jurisdictions. However, factors like supply-
demand balances, the evolving scenario related to
geopolitical developments, and the extent of concerns
regarding the impact of trade wars on on global growth
would impart volatility to crude prices .
Oil ended slightly firmer after volatile trading on Friday,
supported by expectations that the Organization of the
Petroleum Exporting Countries would agree to cut output
next month, though prices fell for the sixth straight week
amid global oversupply concerns.
OPEC kingpin Saudi Arabia is keen for the major producers
to cut output by about 1.4 million barrels per day, around
1.5 percent of global supply, to support the market, sources
told Reuters this week. But other producers, including
Russia, have been reluctant to agree to a cut. LCOc1 settled
up 14 cents, or 0.2 percent, at $66.76 a barrel. The global
benchmark fell 4.6 percent in the week, the sixth
consecutive decline.

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Special Report
22-Nov-2018
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 71.4875 Yen 63.5357
Euro 81.7975 GBP 92.2258
USD/INR
TRADING STRATEGY:
USD/INR
BUY USDINR NOV ABOVE 72 TGT 72.15 72.25 SL 71.8
SELL USDINR NOV BELOW 71.9 TGT 71.7 71.55 SL 72.20
GBP/INR
TRADING STRATEGY:
BUY GBPINR NOV ABOVE 92.25 TGT 92.35 92.40 SL 92
SELL GBPINR NOV BELOW 92 TGT 91.9 91.8 SL 92.25
The Indian rupee opened 32 paise higher to trade at 71.14
per US dollar. The Indian currency had ended the previous
session at 71.46 per US dollar.Increased selling of the
greenback by exporters amid softening crude oil prices,
and persistent foreign fund inflows pushed the Indian
currency higher on Tuesday.
However, Economy Minister Giovanni Tria said that the
growth forecast contained in the budget is the result of
technical evaluations and ‘non - negotiable,’ suggesting
that the country is ready to f ace the EU Commission's
sanctions creating more rifts between the two parties. GDP
data from Germany came in at - 0.2 percent against market
expectations of - 0.1 percent. Direct tax collection has
already crossed Rs 5 lakh crore and will exceed the
budgeted target of Rs 11.5 crore set for the current fiscal,
CBDT Chairman Sushil Chandra said Wednesday.
He further said that so far the I-T department has issued
refunds to 2.15 crore assessees amounting to Rs 1.15 lakh
crore and from now onwards the net collections will
increase .We have already crossed the Rs 5 lakh crore
figure that is 44 per cent of the net direct tax collection
target. This is despite the fact there is a surge in refund,"
Chandra said.
Speaking to reporters after inaugurating the pavillion of
the Central Board of Direct Taxes (CBDT) at the India
International Trade Fair (IITF), Chandra said the number of
people voluntarily filing tax returns has gone up
substantially, and 6.85 crore income tax returns . EURUSD
appreciated by 1.1 percent last week while EURINR
appreciated by 0.36 percent during the same time frame.
GDP data from Germany came in at - 0.2 percent against
market expectations of - 0.1 percent. Meanwhile, EU
commission had asked Italy to revise their budget plans.
However, Economy Minister Giovanni Tria said that the
growth forecast contained in the budget is the result of
technical evaluations and ‘non - negotiable,’ suggesting
that the country is ready to face the EU Commission's
s a n c t i o n s c r e a t i n g m o r e r i f t s . .

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Special Report
22-Nov-2018
Date
Commodity/
Currency Pairs
Contract Strategy Entry Level Target Stop Loss Remark
21/11/18 NCDEX DHANIYA DEC BUY 6580 6610/6640 6450 TARGET HIT
21/11/18 NCDEX DHANIYA DEC Sell 6530 6480/6450 6610 TARGET HIT
21/11/18
NCDEX
GUARGUM5
DEC BUY 9420 9460/9500 9360 NOT EXECUTED
21/11/18
NCDEX
GUARGUM5
DEC SELL 9400
9370/9345/93
20
9510 NOT EXECUTED
21/11/18 MCX GOLD DEC BUY 30800 30850/30900 30750 OPEN
21/11/18 MCX GOLD DEC SELL 30750 30700/30650 30850 OPEN
21/11/18 MCX SILVER DEC BUY 36600 36750/36800 36400 TARGET HIT
21/11/18 MCX SILVER DEC SELL 36550 36500/36420 36670 NOT EXECUTED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
21/11/18 NIFTY FUTURE BUY 10600/10620
10620/10650/
10700
10540 TARGET HIT
21/11/18 JUST DIAL FUTURE BUY 510 515/520 500 OPEN
21/11/18 ADANI PORTS FUTURE BUY 358 362/365 352
TARGET HIT
21/11/18 JUST DIAL CASH BUY 512 515/520 500 OPEN
O

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Special Report
22-Nov-2018
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Disclaimer
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS
MONDAY, NOV. 12
TIME (ET) REPORT PERIOD ACTUAL FORECAST PREVIOUS
9:45 am Markit manufacturing index flash Nov. -- 55.7
9:45 am Markit services index flash Nov. -- 54.8
THIS WEEK'S MAJOR U.S. ECONOMIC REPORTS & FED SPEAKERSTIME (ET) REPORT PERIOD ACTUAL
MEDIAN
FORECAST
PREVIOUS
MONDAY, NOV. 19
10 am Home builders' index Nov. 60 -- 68
TUESDAY, NOV. 20
8:30 am Housing starts Oct. 1.23 mln 1.232mln 1.21 mln
8:30 am Building permits Oct. 1.26 mln -- 1.27mln
WEDNESDAY, NOV. 21
8:30 am Weekly jobless claims 11/17 224,000 215,000 221,000
8:30 am Durable goods orders Oct. -4.4% -3.4% -0.1%
8:30 am Core capex orders Oct. 0.0% -- -0.5%
10 am Existing home sales Oct. 5.18 mln 5.15 mln
10 am Consumer sentiment Nov. 98.3 98.3
10 am Leading economic indicators Oct. -- 0.5%
THURSDAY, NOV. 22
Thanksgiving Day holiday
None scheduled
FRIDAY, NOV. 23

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