Special report-22-october-2018-epic-research

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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-Oct-2018
Global markets at a glance
US stocks fell more than 1 percent on Thursday as the
European Commission issued a warning regarding Italy's
budget and concerns mounted over the possibility of
strained relations between the United States and Saudi
Arabia, further denting investors' appetite for risk amid
global trade tensions and rising interest rates.
The benchmark S&P 500 index closed just above its 200-
day moving average, a key indicator of long-term price
trends.
Stocks in Asia fell on Friday as global sentiment soured on
issues ranging from trade worries, Italy's 2019 budget,
higher U.S. interest rates and growth concerns in China
that led to a slump in Chinese shares in the previous
session.
Early in the trading day, MSCI's broadest index of Asia-
Pacific shares outside Japan was 0.4 percent weaker
following losses on Wall Street overnight.
The Dow Jones Industrial Average fell 1.27 percent, the
S&P 500 lost 1.44 percent and the Nasdaq Composite
dropped 2.06 percent.Australian shares were down 0.6
percent, while Japan's Nikkei stock index was 1.7 percent
lower. On Thursday, the flight to safe-haven assets partly
offset a rise in U.S. Treasury yields sparked by worries
about the pace of interest rate increases by the U.S.
Federal Reserve. Early in Asia on Friday, the 10-year yield
<US10YT=RR> was higher at 3.1767 percent, compared
with a U.S. close of 3.175 percent on Thursday.
PREVIOUS DAY ROUNDOFF
The market is likely to take cues from the negative
sentiment across the globe. Asian and US markets have
shown downward trends, while the Nifty futures on
Singaporean Exchange also hint at a lower opening.
The market was in a bear trap on October 18 after
consistent upmove in previous three consecutive trading
sessions. The Nifty started the day with a 100-point rally
but wiped out all gains in afternoon trade to close below
the 10,500 levels and formed 'Bearish Engulfing' pattern on
the daily candlestick charts.A Bearish Engulfing Pattern
consists of two candles.
The Nifty index opened gap up with 104 points gains at
10,688.70 to hit an intraday high of 10,710.15 but failed to
hold its gains and corrected sharply in afternoon trade to
hit day's low of 10,436.45.
Index stats
The Market was very volatile in last session. The sartorial in
dices performed as follow; Commodities[-33.30pts],
Consumption[ -37.35pts],PSE[ -7.85pts],CPSE[ -
12.00pts],Energy[-391.45pts],FMCG[221.90pts],Auto[-
144.45pts],Pharma[-36.10pts],IT[472.75pts],Metal[-
2.05pts],Realty[-1.55 pts], Fin Serv sector[-132.35pts].
World Indices
Index Value % Change
DJI 25,444.34 0.26
S&P500 2,767.50 -0.17
NASDAQ 7,444.03 -0.48
FTSE100 7,049.80 0.32
NIKKEI 22,532.08 -0.56
HANG SENG 25,561.40 0.42
Top Gainers
Company CMP Change % Chg
ITC 289.45 3.00 1.05
HUL 1,578.40 16.40 1.05
Kotak Mahindra 1,198.95 22.95 1.95
HPCL 215.90 8.60 4.15
Wipro 323.15 0.00 0.00
Top Losers
Indiabulls Hsg 653.80 -134.85 -17.10
Yes Bank 217.90 -14.00 -6.04
Bajaj Finance 2,140.50 -10.00 -0.47
Hero Motocorp 2,712.75 -94.80 -3.38
BPCL 283.55 -1.60 -0.56
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
8KMILES 114.15 -5.7 -4.99
GOLDBEES 2835.2 24.5 0.86
ICICILIQ 1000 0.01 0
JAINSTUDIO 8.7 0.4 4.6
LIQUIDETF 1000 0.01 0
Indian Indices
NIFTY 10303.50 -149.50 -1.43
SENSEX 34315.63 -463.95 -1.33
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
8KMILES 114.15 -5.7 -4.99
ABGSHIP 3.6 0.1 2.78
ABMINTLTD 16 0 0
ADLABS 12.3 -0.1 -0.81
AGCNET 66.55 -6.25 -9.39

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Special Report
22-Oct-2018
STOCK RECOMMENDATION [CASH]
BEL - [CASH]
This stock has got resistance from its crucial resistance
level of 89.25 and closed with two bearish candle which
signifies that the bear run has not come to an end, it may
reach upto the level of 77 which is its next support level so
we advice you to sell bel at its current for the targets of
163-158 with stoploss above 171.
MACRO NEW
 Trends on SGX Nifty indicate a flat to negative opening
for the broader index in India, a loss of 11.5 points or
0.11 percent. Nifty futures were trading around
10,313- level on the Singaporean Exchange.
 Oil prices were stable on Monday, supported by
supply concerns ahead of the start of US sanctions
against Iran’s crude exports, but held back by rising
drilling activity in the United States. Front-month
Brent crude oil futures were trading at $79.74 a barrel
at 0042 GMT, 4 cents below their last close at the end
of last week. US West Texas Intermediate (WTI) crude
futures were at $69.07 a barrel, 5 cents below their
last settlement.
 The continuing fall of the rupee has had its impact on
foreign exchange reserves, which plunged by $5.143
billion to $394.465 billion during the week to October
12 on account of decline in foreign currency assets,
according to the RBI data released on October 19.This
is one of the steepest falls that forex kitty has seen in
recent decades. In the previous week, the reserves
had declined by $915.8 million to $399.609 billion. As
the rupee has been plummeting, the RBI has sold over
$40 billion of its reserves to prop it up since the
beginning of the current fiscal.
 The rupee recovered early losses and finally settled 29
paise higher at 73.32 against the US dollar on October
19, amid a weakening greenback.
RECOMMENDATIONS [FUTURE]
1.UJJIVAN [FUTURE ]
From its crucial support level of 224 the stock has got
support and closed with a bullish doji candle which signifies
that a chance of reversal can be found it may reach upto its
next resistance level of 240 so we advice you to buy ujjivan
future around 225-226 for the targets of 240-250 with
stoploss below 220.
2.IRB [FUTURE]
After consolidating between the range 135-120 the stock
made closing candle below its support level of 120 which is
clear indication of range breakout , so here sell on low
would be good strategy to follow so we advice to sell
irbfuture around 119-118 for the target of 115-110 with
stoploss above 122.

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Special Report
22-Oct-2018
MOST ACTIVE CALL OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 10,500 25 3,97,994 38,57,250
NIFTY CE 10,400 54.2 3,62,591 26,75,475
BANKNIFTY CE 25,500 110 2,94,984 9,23,920
RELIANCE CE 1,100 20.5 16,633 16,80,000
RELIANCE CE 1,120 12.1 14,290 14,02,000
RELIANCE CE 1,140 7 13,824 21,92,000
RELIANCE CE 1,200 2.05 10,890 43,91,000
RELIANCE CE 1,160 4.2 10,530 28,49,000
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
NIFTY PE 10,300 88.45 3,43,144 20,46,600
NIFTY PE 10,200 57.3 3,25,293 26,66,325
BANKNIFTY PE 24,500 96.65 2,64,984 7,52,200
NIFTY PE 10,000 22.35 2,58,191 33,53,100
RELIANCE PE 1,080 11.95 10,327 9,54,000
RELIANCE PE 1,060 6.8 9,275 8,74,000
RELIANCE PE 1,100 19.45 8,274 11,31,000
RELIANCE PE 1,040 4.35 6,706 10,22,000
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 50466 4294.41 55770 4732.33 284993 22255.05 -437.9134
INDEX OPTIONS 1229482 106409.57 1255331 108993.99 1033414 81939.79 -2584.4122
STOCK FUTURES 321736 18912.79 349764 20576.46 1342721 85032.65 -1663.6745
STOCK OPTIONS 160892 10942.88 156947 10657.46 143029 9290.23 285.4198
-4400.5803
STOCKS IN NEWS
 Persistent Systems Q2: Profit rises to Rs 88.14 crore
versus Rs 87.35 crore; revenue increases to Rs
835.55 crore versus Rs 834.28 crore (QoQ).
 Bhageria Industries Q2: Profit jumps to Rs 28.21
crore versus Rs 10.65 crore; revenue rises to Rs
126.62 crore versus Rs 91.76 crore (YoY)
 SBI Life Insurance Q2: Profit rises 11 percent to Rs
250.53 crore versus Rs crore; new business premium
increases 9 percent Rs 2,221.92 crore YoY.
NIFTY FUTURE
Again the index got support at its previous support level
of 10280, in the previous week it bounced backed from
this level but could not continue its upward movement
after 10599, here we can expect the same trend can be
found since a doji candle is made at the above specified
support level, so we advice you to buy nifty future
around 10330-350 for the targets of 10400-450 with
stoploss below 10280.
INDICES R2 R1 PIVOT S1 S2
NIFTY 10441.00 10372.00 10310.00 10241.00 10179.00
BANKNIFTY 25449.00 25267.00 25094.00 24912.00 24739.00

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Special Report
22-Oct-2018
COMMODITY ROUNDUP
Oil slipped below $80 a barrel on Thursday as the fourth
weekly increase in U.S. crude inventories suggested ample
supply, while Saudi-U.S. tension and falling Iranian exports
lent support. U.S. crude inventories rose 6.5 million barrels
last week, the Energy Information Administration said on
Wednesday, the fourth straight weekly increase and almost
three times what analysts had forecast. EIA/S. Brent
crude LCOc1 , the global benchmark, was down 50 cents at
$79.55 a barrel at 0840 GMT. It has dropped over $7 from a
2014 high of $86.74 reached on Oct. 3. U.S. crude CLc1 was
down 28 cents at $69.47.
"Stocks are building," said Olivier Jakob, oil analyst at
Petromatrix. "It's a continuous trend. Week after week, it
does start to add up."Oil had been rising this week on
concern about a decline in Iranian exports due to U.S.
sanctions and tension between the United States and Saudi
Arabia after the death of Saudi journalist Jamal
Khashoggi.U.S. lawmakers pointed the finger at the Saudi
leadership over the disappearance of the Saudi critic,
suggesting sanctions could be possible. Saudi Arabia denies
that it had any role in Khashoggi's disappearance. President
Donald Trump on Wednesday gave Saudi Arabia the benefit
of the doubt in the journalist's disappearance, suggesting
the White House may not take additional action against
Saudi Arabia.
Gold prices fell by 0.19 per cent to Rs 31,806 per ten gram
in futures trade Wednesday as participants trimmed their
positions in line with weak global trend. At the Multi
Commodity Exchange, gold for delivery in December
declined by Rs 62, or 0.19 per cent, to Rs 31,806 per ten
gram in a business turnover of 13,379 lots.
The precious metal to be delivered in November contracts
also fell by Rs 60, or 0.19 per cent, to quote at Rs 31,641 per
ten gram with a business volume of 23,444 lots.
Gold rallied by Rs 110 to Rs 31,460 per 10 gram at the
bullion market today, tracking a firm trend overseas amid
sustained buying by local jewellers.
Silver also advanced by Rs 175 to Rs 39,375 per kg due to
increased offtake by industrial units and coin makers.
Traders said sentiment remained upbeat on the back of a
firm trend overseas as the dollar eased amid fresh concerns
of trade tensions between the US and China.
In sync with gold, silver ready strengthened by Rs 175 to Rs
39,375 per kg and weekly-based delivery by Rs 205 to Rs
38,525 per kg. Silver coins however continued to trade at
last level of Rs 74,000 for buying and Rs 75,000 for selling of
100 pieces.
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
BUY GOLD DEC FUT ABOVE 31950 TGT 32000 32050 SL
BELOW 31900
SELL GOLD DEC FUT BELOW 31850 TGT 31800 31750 SL
ABOVE 31900
SILVER
TRADING STRATEGY:
BUY SILVER DEC FUT ABOVE 38830 TGT 38580 38650 SL
BELOW 38780
SELL SILVER DEC FUT BELOW 38740 TGT 38700 38650 SL
ABOVE 38800

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Special Report
22-Oct-2018
NCDEX INDICES
Index Value % Change
Barley 1827.5 0.66
Castor Seed 5172 2.38
Chana 4137 0.95
Coriander 5570 3.26
Cotton Seed Oilcake 1809.5 1.34
Guar Seed 10 MT 4543 3.2
Jeera 20250 1.07
Mustardseed 4186 0.65
Soy Bean 3302 0.86
Turmeric 6532 0.37
RECOMMENDATIONS
GUARGUM5
TRADING STRATEGY:
BUY GUARGUM OCT ABOVE 9940 TARGET 10000 10050 SL
9900
SELL GUARGUM OCT BELOW 9750 TARGET 9700 9650 SL
9800
DHANIYA
TRADING STRATEGY:
BUY CORIANDER OCT ABOVE 5750 TARGET 5800 5850 SL
5700
SELL CORIANDER OCT BELOW 5600 TARGET 5550 5500 SL
5650
Turmeric prices were trading up by 0.46 per cent to Rs
6,526 per quintal in futures trade Wednesday as
participants built up fresh positions, mainly driven by uptick
in domestic and export demand in the spot market. Besides,
limited arrivals from major producing regions fuelled the
uptrend. At the National Commodity and Derivatives
Exchange, turmeric for delivery in December month was
trading higher by Rs 30, or 0.46 per cent, to Rs 6,526 per
quintal with an open interest of 1,195 lots. Similarly, the
spice for delivery in November month increased by Rs 18, or
0.28 per cent, to Rs 6,526 per quintal, in an open interest of
12,490 lots. Chana prices declined by 0.34 per cent to Rs
4,084 per quintal in futures market Wednesday as
speculators booked profits amid ample stocks position at
the spot market against low demand.
At the National Commodity and Derivatives Exchange,
chana for delivery in November fell by Rs 16, or 0.34 per
cent, to Rs 4,084 per quintal with an open interest of 43,980
lots. Likewise, the commodity for delivery in December
shed Rs 11, or 0.27 per cent to Rs 4,102 per quintal in
10,680 lots. Heavy rain in Kerala and parts of Karnataka in
the past two months has damaged the arecanut crop.
Growers are also expecting a sharp drop in production in
the coming harvest as they struggle to cope with illegal
imports into the country. “We expect 35 per cent shortfall
in the crop. Rains have led to disease of the nuts,” said M
Suresh Bhandary, MD of Mangalore-based Campco, which
buys large quantities of nuts.
Arecanut, a chief ingredient of pan masala, is mainly grown
in Karnataka, Kerala and Assam. As per advance estimates
of production by Directorate of Arecanut and Spices
Development, output was 822,495 tonnes in 2017-18, a
marginal rise from the previous year. Though area under
the nut has remained stagnant, productivity has gone up in
certain regions.

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Special Report
22-Oct-2018
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 73.4354 Yen 65.2700
Euro 84.1741 GBP 95.6525
USD/INR
TRADING STRATEGY:
BUY USDINR ABOVE 74.00 TGT 74.50/75.00 SL BELOW 73.50
SELL USDINR BELOW 73.50 TGT 73.00/72.50 SL ABOVE 74.00
GBP/INR
TRADING STRATEGY:
BUY GBPINR ABOVE 97.70 TGT 98.20/98.70 SL BELOW 97.20
SELL GBPINR BELOW 96.50 TGT 96.00/95.50 SL ABOVE 97.00
The dollar rallied to a one-week high against its rivals on
Thursday as upbeat Fed minutes confirmed that
policymakers are likely to raise interest rates a few more
times until end-2019.
While interest rate differentials haven't played a big role in
the first half of the year in predicting currency trends as
trade war concerns have dominated sentiment, that
relationship has begun to exert its influence again in recent
weeks.
The gap between ten-year U.S. yields and its German
counterparts has widened out to three-decade highs of
274 basis points and market watchers expect the spread to
widen more in the coming months.
The minutes from the Fed's Sept. 25-26 meeting showed
every Fed policymaker backed raising interest rates and
also generally agreed borrowing costs were set to rise
further, despite U.S. President Donald Trump's view that
the tightening have already gone too far. minutes confirm
that policymakers are expected to raise rates more over
the next year and that is helping the dollar gain and the
risk off moves last night in Asian stocks is also another
factor," said Richard Falkenhall, senior FX strategist at SEB
in Stockholm.China's benchmark stock index .
SSEC skidded to four-year lows, sapping appetite for risk
taking with the euro EURCHF= down 0.1 percent against
the perceived safe-haven Swiss Franc.Interest rate futures
are now pricing in an 83 percent likelihood that the Fed
raises rates in December, according to the CME Group's
FedWatch Tool, the fourth hike this year.
Two more increases are expected next year.Against a
basket of its rivals =USD .DXY , the dollar gained for a third
consecutive day, up 0.2 percent at 95.78.
A semi-annual report by the U.S. Treasury report released
overnight refrained from naming China directly as a
currency manipulator though market watchers said
Washington will closely monitor the Chinese currency's
moves. Bank strategists termed the report "as a bit of an
escalation without being too dramatic".
The Chinese currency traded in the offshore market
CNH=D3 was trading near a three-month low against the
dollar at 6.9385 yuan per dollar.
The euro EUR= changed hands at $1.1497 on Thursday,
trading flat versus the greenback, after losing 0.65 percent
on Wednesday.

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Special Report
22-Oct-2018
Date
Commodity/
Currency Pairs
Contract Strategy Entry Level Target Stop Loss Remark
19/10/18 NCDEX DHANIYA SEP BUY 5600 5650 5700 5550 TARGET HIT
19/10/18 NCDEX DHANIYA SEP SELL 5500 5550 5600 5450 SL TRIGGERED
19/10/18
NCDEX
GUARGUM5
OCT BUY 9580 9630 9680 9530 TARGET HIT
19/10/18
NCDEX
GUARGUM5
OCT SELL 9220 9170 9120 9270 NOT EXECUTED
19/10/18 MCX GOLD OCT BUY 31950 32000 32050 31900 TARGET HIT
19/10/18 MCX GOLD OCT SELL 31850 31800 31750 31900 NOT EXECUTED
19/10/18 MCX SILVER SEP BUY 39200 39250 39300 39150 NOT EXECUTED
19/10/18 MCX SILVER SEP SELL 38740 38700 38650 38800 SL TRIGGERED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
19/10/18 NIFTY FUTURE BUY 10440-450 10530-570 10400 NOT EXECUTED
19/10/18 MANAPPURAM FUTURE SELL 71 69-66 74 TARGET HIT
19/10/18 ONGC FUTURE SELL 230-228 224-220 234 NOT EXECUTED
19/10/18 EDELWEISS CASH SELL 167.80 163-158 171 TARGET HIT

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Special Report
22-Oct-2018
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report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments
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Disclaimer
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS
TIME (ET) REPORT PERIOD ACTUAL FORECAST PREVIOUS
MONDAY, OCT. 15
8:30 am Retail sales Sept. 0.1%
8:30 am
8:30 am Empire State index Oct. 19.0
10 am Business inventories Aug. 0.6%
TUESDAY, OCT. 16
9:15 am Industrial production Sept. 0.4%
9:15 am Capacity utilization Sept. 78.1%
10 am
10 am Home builders' index Oct. 67
WEDNESDA
Y, OCT. 17
WEDNESDAY, OCT. 17
WEDNESD
AY, OCT.
17
WEDNESDAY, OCT.
17
WEDNESDAY,
OCT. 17
WEDNESDA
Y, OCT. 17
8:30 am Housing starts Sept. 1.28 mln
8:30 am Building permits Sept. 1.25 mln
2 pm
THURSDAY,
OCT. 18
THURSDAY, OCT. 18
THURSDA
Y, OCT. 18
THURSDAY, OCT. 18
THURSDAY,
OCT. 18
THURSDAY,
OCT. 18
8:30 am Weekly jobless claims 10/13 N/A N/A
8:30 am Philly Fed manufacturing Oct. 22.9
10 am Leading economic indicators Sept. 0.4%
FRIDAY,
OCT. 19
FRIDAY, OCT. 19
FRIDAY,
OCT. 19
FRIDAY, OCT. 19 FRIDAY, OCT. 19
FRIDAY,
OCT. 19
10 am Existing home sales Sept. 5.34 mln

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