Special report-25-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
25-Oct-2018
Global markets at a glance
US stocks fell on Tuesday after worries about the earnings
outlook added to recent selling pressure, though major
indexes ended well off the day's lows as investors snapped
up beaten-down shares late in the session.
Shares of Caterpillar tumbled 7.6 percent after the heavy-
equipment maker maintained its 2018 earnings forecast,
following forecast increases in the previous two quarters.
3M Co slid 4.4 percent after cutting its full-year profit
outlook due to foreign currency-related challenges.
That reignited worries over the impact of rising borrowing
costs, wages and tariffs on corporate profits and caused
S&P industrial stocks to slide 1.6 percent.
Along with worries over profit growth, concerns over the
upcoming U.S. mid-term elections and Italy's budget have
also sent investors scrambling out of stocks.
The S&P 500 energy index fell 2.7 percent, the most of any
sector, as oil prices plunged after Saudi Arabia said it could
supply more crude quickly if needed.
Investors trimmed most of the losses in afternoon trading
as some thought the losses were overdone. Technical
buying at support levels around 2,700 on the S&P 500 also
helped stocks to bounce back, strategists said.
Asian shares dived on Thursday as hundreds of billions of
dollars haemorrhaged from global markets after a rout in
tech stocks inflicted the largest daily decline on Wall Street
since 2011, wiping out all its gains for the year.
MSCI's broadest index of Asia-Pacific shares outside Japan
fell 0.7 percent. Japan's Nikkei slumped more than 3
percent to hit a six-month trough and Australian shares
skidded about 2 percent to a more than one-year low.
Tokyo's Topix index tumbled 3 percent, evaporating $155
billion in market value in the first 15 minutes of trading.
PREVIOUS DAY ROUNDOFF
Bulls managed to take charge at Dalal Street after intraday
tussle with bears on Wednesday. The Nifty50 after strong
gap up opening traded volatile as the day progressed,
followed by marginal correction in afternoon. However, it
managed to recoup losses in late trade.
The index closed volatile session sharply higher ahead of
expiry of October derivative contracts tomorrow, and
formed small bearish candle, which resembles a 'Hammer'
like pattern on the daily charts.
Index stats
The Market was very volatile in last session. The sartorial in
dices performed as follow; Commodities[-39.00pts],
C o ns um pt io n[ -43 .1 5pt s ],P SE [8 .60 pt s ],CP SE [ -
0.40pts],Energy[-49.70pts],FMCG[-316.95pts],Auto[-
51.30pts],Pharma[-278.40pts],IT[-406.70pts],Metal[-
26.90pts],Realty[0.35 pts], Fin Serv sector[-14.35pts].
World Indices
Index Value % Change
DJI 24,583.42 -2.41
S&P500 2,656.10 -3.09
NASDAQ 6,689.15 -4.63
FTSE100 6,962.98 +0.11
NIKKEI 21,419.62 -3.14
HANG SENG 24,780.05 -1.90
Top Gainers
Company CMP Change % Chg
Bajaj Finance 2,311.80 228.45 10.97
Bharti Airtel 315.85 29.95 10.48
HPCL 232.75 14.85 6.82
IOC 137.55 7.55 5.81
Hindalco 229.85 10.35 4.72
Top Losers
Yes Bank 204.00 -9.20 -4.32
Bajaj Auto 2,475.15 -111.35 -4.31
Grasim 809.00 -16.95 -2.05
Dr Reddys Labs 2,434.30 -39.45 -1.59
Adani Ports 314.15 -4.85 -1.52
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
BLUECHIP 0.3 0.05 16.67
ICICILIQ 999.99 0 0
JAINSTUDIO 9.55 0.45 4.71
KSB 731.5 -21.5 -2.94
LIQUIDETF 1000 0 0
Indian Indices
NIFTY 10224.80 78.00 0.77
SENSEX 34033.96 186.73 0.55
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
3IINFOTECH 3.25 -0.05 -1.54
5PAISA 186.3 -7.35 -3.95
8KMILES 103.05 -5.15 -5
AAVAS 678.4 -47.35 -6.98
ABCAPITAL 100.05 -3.05 -3.05

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Special Report
25-Oct-2018
STOCK RECOMMENDATION [CASH]
RELINFRA - [CASH]
A range bound movement can be seen in this counter
between 310-343, as per the intraday movement it closed
around its crucial resistance level of 343 and as per the
hourly chart the stockhastic movment indicator is showing
a overbought condition so a little correction can be seen in
the morning trading session for a high volume breakout so
the traders need to wait for the stock to reverse from its
nearest support level around 330 so it better to buy
around 327-330 for the targets of 340-355 with stoploss
below 320.
MACRO NEW
 Trends on SGX Nifty indicate a negative opening for
the broader index in India, a fall of 97 points or 0.95
percent. Nifty futures were trading around 10,140-
level on the Singaporean Exchange.
 Oil prices fell by around one percent on Thursday,
coming under pressure from sharp selloffs in global
stock markets, with US stocks posting the biggest daily
decline since 2011 to wipe out the year’s gains.Front-
month Brent crude oil futures were at $75.42 a barrel
at 0043 GMT, 75 cents, or 1 percent, below their last
close. US West Texas Intermediate (WTI) crude futures
were at $66.23 a barrel, 59 cents, or 0.9 percent,
below their last settlement.
 The Reserve Bank will infuse liquidity into the market
by purchasing government bonds of around Rs 12,000
crore in an auction on October 25. "Based on an
assessment of prevailing liquidity conditions and also
of the durable liquidity needs going forward, the
Reserve Bank has decided to conduct purchase of the
government securities under Open Market Operations
for an aggregate amount of Rs 120 billion on October
25, 2018," RBI said in a release.
RECOMMENDATIONS [FUTURE]
1.GSFC [FUTURE ]
After consolidating between the range 96-94 the stock
closed with a indecision candle due to excess volatility in the
market the stock reversed from its resistance and support
level and maintained a range bound movement. As per the
stockhastic momentum indicator it is making higher low day
by day. 96.80 is only resistance level which is acting as a
hurdle so we advice you to buy around 97-97.50 for the
targets of 100-104 with stoploss below 95.
2.CENTURYPLY [FUTURE]
In the yesterday trading session the stock touched its crucial
support level of 166 but due to market volatility it closed
with a bullish doji candle above it. From here we can get an
clear sign of reversal (spinning top candle) so it would be
better to follow buy on dip strategy around 172-173 for the
targets of 175-178 with stoploss below 170.

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Special Report
25-Oct-2018
MOST ACTIVE CALL OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 10,300 20 6,80,735 31,64,550
NIFTY CE 10,200 68 6,37,273 21,12,300
BANKNIFTY CE 25,500 24 5,19,070 13,72,640
RELIANCE CE 1,060 4.7 20,271 16,52,000
RELIANCE CE 1,080 1.15 17,738 20,91,000
BAJFINANCE CE 2,300 40.15 14,557 6,77,000
RELIANCE CE 1,100 0.55 11,690 32,56,000
BAJFINANCE CE 2,250 76 8,626 1,43,000
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 10,100 11.5 5,85,381 26,47,125
NIFTY PE 10,200 31.5 5,38,761 28,98,675
NIFTY PE 10,000 4 5,38,495 43,44,300
RELIANCE PE 1,040 4.5 15,245 10,63,000
RELIANCE PE 1,020 1.55 10,101 10,60,000
RELIANCE PE 1,060 14 7,309 5,18,000
BAJFINANCE PE 2,100 3 7,004 5,31,000
BAJFINANCE PE 2,200 7.1 6,959 4,39,500
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 156674 12148.10 163404 12725.48 322397 24851.24 -577.381
INDEX OPTIONS 1385301 120978.32 1379579 120436.48 1055944 83060.92 541.8334
STOCK FUTURES 681370 41053.90 681243 41244.79 1396041 87419.57 -190.8887
STOCK OPTIONS 100438 6968.88 101097 7014.85 138826 8824.14 -45.9769
-272.4132
STOCKS IN NEWS
 Ambuja Cements Q3: Profit falls 34.4 percent to Rs
178.6 crore versus Rs 272.4 crore; revenue rises 12.6
percent to Rs 2,613.9 crore versus Rs 2,321.8 crore
YoY.
 Bajaj Corp Q2: Profit rises to Rs 51.65 crore versus Rs
50.71 crore; revenue increases to Rs 212.72 crore
versus Rs 204.13 crore YoY.
NIFTY FUTURE
The Nifty on Wednesday reversed its four-day losing
streak to form a ‘Hanging Man’ candle on the daily chart.
Yesterday's pattern, which followed the previous
indecisive Doji formation, suggests that bulls are
determined to make a comeback. Till the index makes
some decisive move on the upside, it remains vulnerable
to selling pressure on every rise,so we advice you to buy
nifty future around 10270-280 for the targets of 10330-
400 with stoploss below 10220.
INDICES R2 R1 PIVOT S1 S2
NIFTY 10377.00 10300.00 10213.00 10136.00 10049.00
BANKNIFTY 25603.00 25333.00 25086.00 24816.00 24569.00

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Special Report
25-Oct-2018
COMMODITY ROUNDUP
COMEX Gold saw some profit selling after hitting near three
month top as investors remained skeptical about the
direction for global equities. Gold has roared back to life
after breaking above $1200 per ounce levels as the stressed
sentiments in global economy and markets are benefiting
the metal. The commodity currently trades at $1231.40 per
ounce, down 0.15% on the day. MCX Gold futures are
trading at Rs 31871 per 10 grams, down 0.60% as losses
accentuated following a recovery in Indian Rupee. The INR
hit highs around 73 per US dollar today.
Meanwhile, Caterpillar, the leading global heavy equipment
maker across industries reported healthy profits yesterday
but warned about rising manufacturing costs. Most end
markets continue to improve. Order rates and backlog
remain healthy. In the fourth quarter, price realization,
operational excellence and cost discipline are expected to
more than offset higher material and freight costs, including
tariffs, the company noted in its third quarter earnings
release.
The company’s operating profit for the third quarter of
2018 was $ 2.135 billion, compared to $1.509 billion in the
third quarter of 2017. The increase of $626 million was
mostly due to higher sales volume and favorable price
realization. Manufacturing costs were higher due to
increased material and freight costs, the company noted.
Material costs were higher primarily due to increases in
steel prices and tariffs. Freight costs were unfavorable
primarily due to supply chain inefficiencies as the industry
continues to respond to strong global demand.
COMEX Copper futures edged up but failed to extend gains.
Global sentiments mostly remained stressed as worries
about US corporate earnings and broad concerns over
Middle East stayed in place. Falling inventories on the LME
continue to offer excellent support to the metal though the
recent price action has been mostly sideways. The metal
currently trades at $2.75 per pound, up 0.20% on the day
after hitting an intraday high of $2.80 per pound.
MCX Copper futures are trading at Rs 447.40 per kg, down
0.39% on the day as a break under Rs 450 levels triggered
hefty selling in late afternoon trades.National Stock
Exchange of India (NSE) has got permission from market
regulator Securities and Exchange Board of India (Sebi) to
launch copper large futures contract with a trading unit 25
metric ton (MT). In the international commodity markets,
the 25 MT copper futures contract is one of the highest
traded contracts and is considered as the global benchmark
corporates, refiners and various users in the value chain.
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
BUY GOLD DEC FUT ABOVE 32030 TGT 32080 32120 SL
BELOW 31990
SELL GOLD DEC FUT BELOW 31750 TGT 31700 31650 SL
ABOVE 31800
SILVER
TRADING STRATEGY:
BUY SILVER DEC FUT ABOVE 39150 TGT 39200 39250 SL
BELOW 39100
SELL SILVER DEC FUT BELOW 38650 TGT 38600 38550 SL
ABOVE 38700

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Special Report
25-Oct-2018
NCDEX INDICES
Index Value % Change
Barley 1885 -0.4
Castor Seed 5372 -0.07
Chana 4012 -2.86
Coriander 5617 -0.44
Cotton Seed Oilcake 1849 1.51
Guar Seed 10 MT 4645 -0.46
Jeera 19780 -0.75
Mustardseed 4218 0.38
Soy Bean 3261 0.49
Turmeric 6622 0.33
RECOMMENDATIONS
GUARGUM5
TRADING STRATEGY:
BUY GUARGUM OCT ABOVE 10300 TARGET 10350 10400 SL
10250
SELL GUARGUM OCT BELOW 10120 TARGET 10970 10920
SL 10170
DHANIYA
TRADING STRATEGY:
BUY CORIANDER OCT ABOVE 5720 TARGET 5770 5820 SL
5680
SELL CORIANDER OCT BELOW 5600 TARGET 5550 5500 SL
5650
Heavy selling was seen in chana and wheat market due to
fragile demand by millers at higher levels along with stock
liquidation by government agencies. In today's trading both
Chana and wheat futures hammered by more than 2
percent. The market sources added that heavy stock selling
by NAFED to cater domestic festival demand has
maintained adequate supplies in local mandies. On the
other side, selling was also emerged in guraseed counter as
traders have reported some profit taking in guar market.
The sources have estimated 60 thousand bags of daily
arrivals of guar seed. The daily arrivals are likely to increase
in the coming days. The NCDEX Guarseed November futures
declined by 0.40 percent today.
Sharp selling was seen in across all agri commodities on the
back of strong kharif supplies in local mandies coupled with
limited demand at current levels. All the major counters
such as spices and oilseeds complex settled with losses.The
NCDEX Chana futures settled in red as prices were guided
by heavy stock liquidation by NAFED in local mandies. The
daily arrivals were reported at 20 motors today in Delhi.
On the other side, selling was seen in oilseeds market as
prices declined today due to bearish nodes from
international market along with sowing trend of Soyabean
crop so far in the current year. Soyabean market has
reported 11 lakh bags of arrivals today , around 6 lakh bags
higher from last day.
Weakness was seen in Jeera market due to fragile export at
elevated levels. The NCDEX November futures declined by
0.40% today. The prices have declined by almost 6% from
peak. While limited trading was seen in turmeric market as
prices were hovering around last close to settle with
marginal losses.

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Special Report
25-Oct-2018
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 73.2645 Yen 65.1300
Euro 83.9934 GBP 95.0529
USD/INR
TRADING STRATEGY:
BUY USDINR ABOVE 74.00 TGT 74.50/75.00 SL BELOW 73.50
SELL USDINR BELOW 73.00 TGT 72.50/72.00 SL ABOVE 73.50
GBP/INR
TRADING STRATEGY:
BUY GBPINR ABOVE 96.50 TGT 97.00/97.50 SL BELOW 96.00
SELL GBPINR BELOW 94.50 TGT 94.00/93.50 SL ABOVE 95.00
The euro skidded to its weakest since Aug. 20 on
Wednesday after signs that economic growth could be
slowing in Germany and France, the euro zone's two
biggest economies.
German private-sector growth slowed to its lowest level in
more than three years as manufacturing and services both
lost momentum, below forecasts, while manufacturing in
France hit a 25-month low, widely-watched surveys
showed.
The single currency, earlier trading flat, dropped 0.4 per
cent to $1.1422 after the surveys were published.
The euro was the only big mover, with broader currency
markets treading water as investors stay nervous about
which direction to take despite some calm coming back
into the market after this week's sharp falls in equity
prices. The euro was the only big mover, with broader
currency markets treading water as investors stay nervous
about which direction to take despite some calm coming
back into the market after this week's sharp falls in equity
prices. The Japanese yen - often bought when broader
markets slide - gave up some of its earlier gains, suggesting
renewed demand for risk-taking as Asian stock markets
rebounded. Big falls in stock prices have shaken foreign
exchange markets this week, with the yen the main gainer,
although currencies have largely remained calm as
investors weigh up whether equity weakness is a major
correction or just another wobble in a nearly decade-long
bull-market run.
The rupee bounced back from the day's low level to settle
almost flat at 73.57 against the US currency Tuesday
helped by easing crude oil prices and increased dollar
selling by banks and exporters. The rupee opened weak at
73.74 and later fell to the day's low of 73.82 due to steady
capital outflows amid deep losses in stock markets due to
growing geopolitical concerns.
However, retreating crude oil prices which fell 1.93 per
cent to USD 78.29 per barrel eased concerns and helped
arrest a decline in the local currency, a dealer said.
Increased dollar selling by banks on the behalf of the
Reserve Bank helped the rupee recover from losses.
"Rupee pared losses and closed flat as crude oil prices
retreated and dollar selling by state run lenders on behalf
of RBI," V K Sharma, Head PCG & Capital Markets Group,
HDFC Securities said.

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Special Report
25-Oct-2018
Date
Commodity/
Currency Pairs
Contract Strategy Entry Level Target Stop Loss Remark
24/10/18 NCDEX DHANIYA SEP BUY 5670 5700 5750 5620 OPEN
24/10/18 NCDEX DHANIYA SEP SELL 5600 5550 5500 5650 NOT EXECUTED
24/10/18
NCDEX
GUARGUM5
OCT BUY 10150 10200 10250 10100 NOT EXECUTED
24/10/18
NCDEX
GUARGUM5
OCT SELL 10050 10000 9950 10100 NOT EXECUTED
24/10/18 MCX GOLD OCT BUY 31920 32000 32050 31850 OPEN
24/10/18 MCX GOLD OCT SELL 31850 31800 31750 31900 TARGET HIT
24/10/18 MCX SILVER SEP SELL 38910 38950 39000 38850 TARGET HIT
24/10/18 MCX SILVER SEP BUY 38650 38600 38550 38700 NOT EXECUTED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
24/10/18 NIFTY FUTURE BUY 10190-200 10250-300 10130 IN PROFIT
24/10/18 DIVISLAB FUTURE SELL 1238-1235 1220-1200 1255 TARGET HIT
24/10/18 M&M FUTURE BUY 728-730 740-750 720 IN PROFIT
24/10/18 UJJIVAN CASH SELL 214-212 208-200 218 NOT EXECUTED

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Special Report
25-Oct-2018
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information and based upon it & takes no responsibility. The information given herein should be treated as only factor, while making investment decision. The
report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments
and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on
the information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projections shown are not necessarily
indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person
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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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