Special report-26-september-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
26-Sep-2018
Global markets at a glance
The S&P 500 fell on Tuesday as chipmakers were dented by
ratings downgrades and utilities declined ahead of an
expected Federal Reserve interest rate hike, offsetting a
boost from the energy sector.
S&P 500 financials , including interest-rate-sensitive bank
stocks , dipped 0.38 percent ahead of the expected rise in
interest rates by the Fed on Wednesday. Utilities, which
tend to be favoured in low-rate environments because of
their solid dividend payments, slid 1.22 percent
Asian shares barely budged on Wednesday,
lacking traction as US bond yields edged near a
seven-year peak ahead of a widely expected rate
hike by the Federal Reserve and as international
oil prices rose to four-year highs.
MSCI's broadest index of Asia-Pacific shares
outside Japan was almost flat in early trade, in part as
South Korea is closed for a holiday. It stayed below a three-
week high hit on Friday.In Japan, the Nikkei edged down
0.4 percent.Wall Street shares were mixed, as rises in
energy shares on higher oil prices and gains in consumer
discretionary shares following strong US consumer
confidence were offset by falls in other sectors.Trends on
SGX Nifty indicate a positive opening for the broader index
in India, a rise of 48.5 points or 0.44 percent. Nifty futures
were trading around 11,12-level on the Singaporean
Exchange. US consumer confidence hit an 18-year high,
adding to a string of recent US data that pointed to the
strong US economic momentum, despite concerns about
trade wars US President Donald Trump is waging.
Previous day Roundup
Positive global cues, short covering and a bit of value
buying in beaten down stocks helped the market snap a
five-day losing streak on Tuesday. The index made a bullish
candle on the daily charts, resembling a Piercing Pattern.
Piercing Pattern is generally called as a bullish reversal
pattern. It occurs in a downtrend and is comprised of two
candlesticks. The first candlestick is a long black candle,
accompanied by high volume. The next candlestick makes
a lower low, but then rallies to close above the midpoint of
the first candlestick, but not above the opening of that
candle. This pattern is one of the first signs that a potential
bullish reversal is in play.
Index stats
The Market was very volatile in last session. The sartorial in
dices performed as follow; Commodities[16.10],
Consumption[52.75pts],Bank[360.00pts],Auto
[99.45pts],FinService[199.15pts],Fmcg[375.15pts],Media
[0.60pts],Pharma[250.40pts],IT[59.60pts],Metal
[0.10pts],Realty[-4.05 pts], Pvt Bank[192.40pts].
World Indices
Index Value % Change
DJI 26,492.20 -0.26
S&P500 2,927.75 0.22
NASDAQ 7,624.00 0.38
FTSE100 7,507.56 0.65
NIKKEI 23,971.72 0.13
HANG SENG 27,944.63 1.59
Top Gainers
Company CMP Change % Chg
HDFC 1,773.35 54.65 3.18
Kotak Mahindra 1,183.35 34.65 3.02
Axis Bank 614.35 17.00 2.85
Sun Pharma 641.10 17.10 2.74
Maruti Suzuki 7,999.45 206.40 2.65
Top Losers
Vodafone Idea 40.50 -1.65 -3.91
Bharti Infratel 269.35 -8.50 -3.06
Yes Bank 219.70 -6.70 -2.96
GAIL 369.90 -11.00 -2.89
Power Grid Corp 192.60 -5.00 -2.53
Stocks at 52 Week’s HIGH
AIONJSW 28.1 1.4 4.98
ATLASCYCLE 121.9 -4.9 -4.02
AXISNIFTY 1121.8 -1.41 -0.13
BIOCON 665.45 40.95 6.15
DIAPOWER 2.05 -0.1 -4.88
ELECTROSL 21.35 1.05 4.92
Indian Indices
NIFTY 11067.50 100.10 0.91
SENSEX 36652.06 347.04 0.96
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
21STCENMGM 31.15 -0.6 -1.93
8KMILES 234.8 -11.7 -4.98
A2ZINFRA 16.6 -0.5 -3.01
ABAN 91.5 -3.2 -3.5
ABCAPITAL 117.25 2.45 2.09

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Special Report
26-Sep-2018
STOCK RECOMMENDATION [CASH]
CENTURYPLY [CASH]
This particular counter is showing a clear downtrend,
192.90 was the earlier support level below which it has
made a clear cut breakout, we can withness freefall as per
the market weakness, sell on low would be a profitable
take to consider so we suggest to sell centuryply around
185-184 for the targets of 180-175 with stoploss above
189.
MACRO NEWS
 Trends on SGX Nifty indicate a positive opening for the
broader index in India, a rise of 48.5 points or 0.44
percent. Nifty futures were trading around 11,12-level
on the Singaporean Exchange.
 Developing Asia could grow more slowly than
previously thought next year as the US-China trade
war inflicts collateral damage on the region’s export-
reliant economies, the Asian Development Bank (ADB)
said on Wednesday. Tightening global liquidity could
also weigh on business activity by pushing up
borrowing costs, while capital outflows are also a risk.
 Banks expect to recover about Rs 1.80 lakh crore from
overall non-performing assets (NPAs) through
insolvency and other resolution mechanisms, Finance
Minister Arun Jaitley said on September 25. Reviewing
the performance of state-owned lenders with their
bank chiefs, Jaitley said apart from NPA recoveries,
lenders also expect to monetise close to Rs 18,000
crore in this financial year via non-core divestments.
 The Federal Reserve is likely to hike interest rates by
25 basis points on Wednesday, as strong employment
and inflation in the US as well as strengthening
economy have increased hopes for further policy
tightening. As two-day Federal Open Market
Committee (FOMC) meeting began on Tuesday, there
are expectations that the central bank will increase
the rates to 2-2.25 percent range from 1.75-2 percent,
Economic Times reported.
RECOMMENDATIONS [FUTURE]
1. NTPC [FUTURE ]
200 day SMA around 166 the particular counter has bounce
backed and managed to close above it and made a bullish
candle after a indecision candle today it can get some
positive moment if the market shows initial positivity here
buy on dip would be a great opportunity so we advice to buy
ntpc future around 171.60-172.60 for the target of 175-178
with stoploss below 169.
2. GRANULES [FUTURE]
This particular counter is showing a bounce back from its
support level of 99 during intraday movement since market
has also shown positivity during last hours of trading so with
the trend buy on dip would be a good strategy to follow,
here buy granules future around 99-100 for the target of 104
-108 with stoploss below 97.

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Special Report
26-Sep-2018
MOST ACTIVE CALL OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 11,100 63.4 5,75,086 22,14,000
BANKNIFTY CE 25,500 148.8 5,16,577 6,41,760
NIFTY CE 11,200 21.5 5,07,392 28,14,600
RELIANCE CE 1,240 9.5 13,979 19,14,000
RELIANCE CE 1,260 4 13,119 23,80,000
YESBANK CE 240 7.3 10,463 23,25,750
MARUTI CE 8,000 97.35 10,239 63,750
TATASTEEL CE 600 9.9 9,559 14,89,644
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 10,900 17 4,91,105 21,88,725
NIFTY PE 11,000 32 4,76,793 39,83,550
BANKNIFTY PE 24,500 27 3,63,736 4,29,800
NIFTY PE 10,800 8.4 3,51,286 28,78,575
RELIANCE PE 1,200 4 11,894 15,12,000
RELIANCE PE 1,220 8.3 11,107 11,39,000
YESBANK PE 200 5.95 8,429 14,31,500
TATASTEEL PE 580 2.25 8,331 5,74,001
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 104013 8951.76 97112 8429.27 321289 26751.83 522.4877
INDEX OPTIONS 1429356 128720.61 1423112 128508.22 1053007 89521.90 212.3854
STOCK FUTURES 511043 34108.10 527728 35418.06 1280716 90193.38 -1309.9685
STOCK OPTIONS 124194 8457.56 123832 8459.14 142945 9715.68 -1.5775
-576.6729
STOCKS IN NEWS
 IL&FS Transportation - Brickworks revised rating on
NCD worth Rs 3,550 cr to BWR C(SO) from BWR BB-
(SO)
 RITES: Company has a joint venture company i.e.
BNV Gujarat Rail Private Limited. Company has
remitted second tranche of investment for an
amount of Rs 24,70,000 to subscribe joint venture
company's right issue.
NIFTY FUTURE
Positive global cues, short covering and a bit of value
buying in beaten down stocks helped the market snap a
five-day losing streak on Tuesday. The index made a
bullish candle on the daily charts, resembling a Piercing
Pattern. Today it may show some initial correction upto
the support level of 11060 and it may start its uotrend
so we advice to make a long position around 11060-80
for the targets of 11150-200 with stoploss below 10080.
INDICES R2 R1 PIVOT S1 S2
NIFTY 11207.00 11137.00 11009.00 10939.00 10811.00
BANKNIFTY 25866.00 25598.00 25138.00 24870.00 24410.00

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Special Report
26-Sep-2018
COMMODITY ROUNDUP
Gold stayed broadly supported yesterday as a recent break
above $1200 per ounce mark extended for the commodity
amid continued weakness in US dollar. However, a record
high for US equities capped the upside for the metal. The
counter currently trades up 0.20% at $1214 per ounce –
holding just below its three week high. MCX Gold eased
slightly in last session, ending just above Rs 30600 per 10
grams.
The World Gold Council (WGC) would soon submit a
blueprint to the government on spot exchanges, its
managing director for India operations said at an
ASSOCHAM event held in New Delhi. Somasundaram PR,
managing director-India, WGC noted at the ASSOCHAM
International Gold Summit stated that a WGC led steering
committee which has got all trade associations, key
international banks and bullion banks, has been working on
the spot exchange blueprint for last six-seven months.
However, highlighting that demand for gold is likely to
remain subdued in the current calendar year, Somasundarm
said that while the demand for gold in the first half was
seven per cent down compared to last year, the WGC
expects it to pick up in the second half. However, it will still
be another very subdued year for demand and he expects
the demand to be 700-800 tonnes.
There is no specific catalyst to drive the demand up, while
international gold price has come down by 8-10%, Indian
price has gone up by 13-14% and GST (Goods and Services
Tax) is also causing a lot of transition, according to him.
However, reforms like GST and demonetisation have
actually led to gold buying becoming a lot more organised,
more so as grey market is also becoming weak, thus it is a
good time for gold to become mainstream because of
demand remaining subdued.
Oil prices were trading within reach of four year highs on
Tuesday amid fears over a looming supply crunch after
global producers decided against any increase in production
despite calls from U.S. President Donald Trump for action to
cool prices.
Global benchmark Brent crude futures were up 0.72% at
$81.08 a barrel by 08:44 AM ET (12:44 GMT). Prices hit a
high of $81.48 on Monday, the most since November 2014.
Crude Oil WTI Futures for November were up 0.46% at
$72.42, near Monday’s high of $72.74, the strongest level
since the week ended July 8.
Oil has rallied amid worries over Trump’s plans to reduce
Iranian crude shipments to zero through sanctions slated for
Nov. 4.
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
BUY GOLD OCT FUT ABOVE 30930 TGT 30970 31030 SL
BELOW 30870
SELL GOLD OCT FUT BELOW 30600 TGT 30500 30300 SL
ABOVE 30700
SILVER
TRADING STRATEGY:
BUY SILVER SEP FUT 38020 TGT 38070 39040 SL BELOW
37970
SELL SILVER SEP FUT 37400 TGT 37350 36300 SL ABOVE
37450

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Special Report
26-Sep-2018
NCDEX INDICES
Index Value % Change
Barley 1760 -0.45
Castor Seed 4685 -0.93
Chana 3946 0.54
Coriander 4913 -1.86
Cotton Seed Oilcake 1673 -0.42
Guar Seed 10 MT 4253 0.08
Jeera 18990 0.13
Mustardseed 4202 -0.28
Soy Bean 3284 -0.58
Turmeric 6582 1.39
RECOMMENDATIONS
GUARGUM
TRADING STRATEGY:
BUY GUARGUM OCT FUT ABOVE 9250 TGT 9300 9350 SL
BELOW 9200
SELL GUARGUM OCT FUT BELOW 9070 TARGET 9020-8970
SL 9120
DHANIYA
TRADING STRATEGY:
BUY DHANIYA SEP FUT ABOVE 5000 TGT 5050 5100 SL
BELOW 4950
SELL DHANIYA SEP FUT BELOW 4860 TARGET 4800-4750 SL
4900
Selling intensified in mustard seed market on poor demand
from millers in local mandies. The market sources added
that rise in sowing acreage of kharif oilseeds along with
favourable monsoon rainfall in Rajasthan and Gujarat will
encourage mustard seed crop sowing in the current season.
The spot prices in Jaipur mandi are trading around Rs 4000
per quintal, down Rs 15 per quintal on the day.
The latest report of United States Department of
Agriculture (USDA ) has raised India's total oilmeal exports
in MY 2017/18 to settle at 2.4 MMT, 0.3 MMT above
previous estimate. Indian soymeal prices have declined
from $486/MT in February 2018 to $433/MT in July 2018,
but are still 10 percent higher than soymeal from the
United States and Brazil. Stronger demand from South
Korea, Japan, Thailand, Sri Lanka, and France have helped
spur Indian soymeal sales. Similarly, Indian rapeseed meal
prices have dropped by more than $33/MT to $217/MT, as
of July 2018, which is approximately $47/MT lower than
other international suppliers. As a result, rapeseed meal
sales to South Korea, Vietnam, Thailand, Taiwan and other
South East Asian countries have improved.
The MY 2018/19 oilmeal export forecast remains
unchanged at 2.9 MMT, but USDA notes that the future
direction of India's exports will depend on price
competitiveness of Indian oilmeals in the international
markets and local demand from poultry feed
manufacturers, which is likely to remain strong.
Bearish trend was seen in turmeric market this week as
demand has receded at elevated levels. Though, some of
the selected markets are still showing some buying. The
spot prices in Nizamabad mandi ruled around Rs 6900 per
quintal with thin trading activity owing to local holidays.

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Special Report
26-Sep-2018
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 72.6927 Yen 64.6100
Euro 85.2535 GBP 94.9953
USD/INR
TRADING STRATEGY:
BUY USDINR ABOVE 73.00 TGT 73.50 74.00 SL BELOW 72.60
SELL USDINR BELOW 71.75 TGT 71.25 70.85 SL ABOVE 72.25
GBP/INR
TRADING STRATEGY:
BUY GBPINR ABOVE 96.20 TGT 96.70 97.20 SL BELOW 95.80
SELL GBPINR BELOW 94.90 TGT 94.40 94.00 SL ABOVE 95.40
The rupee is expected to remain under pressure in near-
term as the downside risks to the currency are largely
driven by the external factors and will take some time to
subside, says a report.
According to Dun & Bradsteet's latest economy forecast,
elevated crude oil prices, strengthening of dollar,
geopolitical tensions and economic sanctions will continue
to impart depreciation pressures on the rupee.
At this time of global uncertainty along with tightening
dollar liquidity in the global market, measures to attract
foreign investors to support the rupee might have limited
impact, at least, in the short-term.
The rupee has logged year-to-date losses of more than 13
per cent against the strengthening US dollar after trade
concerns and firming up crude oil prices. It has dropped
close to 6 per cent since August.
The rupee Wednesday rebounded by 61 paise to close at
72.37 against the US currency.
Adding to the bullish mode, the country's trade deficit for
August softened to USD 17.4 billion against near five-year
high of USD 18.02 billion.
The rupee hit a day's high of 71.86, showing a sharp jump
of 105 paise from the historic low, in the afternoon trade
on positive sentiment.
India's benchmark 10-year sovereign yield also eased to
8.13 per cent.
The dollar rebounded from early lows and edged higher
against most of its rivals on Friday but was still on track for
its biggest weekly drop in seven months as stronger equity
markets and rising bond yields fuelled a rush to buy riskier
assets.
With trade war concerns receding in the background and
emerging market central banks led by Turkey taking
measures to stabilise their currencies, investors pushed the
euro to the $1.18 line for the first time in more than three
months.The dollar index drifted 0.1 percent .DXY higher to
94.02 as investors consolidated positions before the
weekend, but the greenback was set for its biggest weekly
drop since February.
A sell-off in the dollar that began in the late European
session on Thursday gathered steam overnight as investors
ramped up bets that the U.S. Federal Reserve will be near
the end of its rate-rise cycle after an expected increase
next next week.

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Special Report
26-Sep-2018
Date
Commodity/
Currency Pairs
Contract Strategy Entry Level Target Stop Loss Remark
25/09/18 NCDEX DHANIYA SEP BUY 5130 5180 5230 5080 NOT EXECUTED
25/09/18 NCDEX DHANIYA SEP SELL 5000 4960-4920 5040 NOT EXECUTED
25/09/18
NCDEX
GUARGUM5
OCT BUY 9380 9430 9480 9330 NOT EXECUTED
25/09/18
NCDEX
GUARGUM5
OCT SELL 9270 9220-9170 9320 NOT EXECUTED
25/09/18 MCX GOLD OCT BUY 30930 30970 31030 30870 NOT EXECUTED
25/09/18 MCX GOLD OCT SELL 30600 30500 30300 30700 NOT EXECUTED
25/09/18 MCX SILVER SEP BUY 38020 38070 39040 37970 TARGET HIT
25/09/18 MCX SILVER SEP SELL 37400 37350 36300 37450 NOT EXECUTED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
25/09/18 NIFTY FUTURE SELL 11270-250 11200-150 11320. SL TRIGGERED
25/09/18 UJJIVAN FUTURE SELL 274-273 270-265 278 TARGET HIT
25/09/18 KPIT FUTURE BUY 269-270 274-278 267 NOT EXECUTED
25/09/18 CENTURYPLY CASH SELL 191-190 187-184 193 TARGET HIT

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Special Report
26-Sep-2018
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Disclaimer
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS
TIME (ET) REPORT PERIOD ACTUAL FORECAST PREVIOUS
MONDAY, SEPT. 24
8:30 am Chicago Fed national activity index Aug. -- 0.13
TUESDAY, SEPT. 25
9 am Case-Shiller home price index July -- 6.2%
10 am Consumer confidence index Sept. 133.4 133.4
WEDNESDA
Y, SEPT. 26
WEDNESDAY, SEPT. 26
WEDNESD
AY, SEPT.
26
WEDNESDAY, SEPT.
26
WEDNESDAY,
SEPT. 26
WEDNESDAY
, SEPT. 26
10 am
2 pm FOMC announcement/projections 2-2.25% 1.75-2%
2:30 pm Jerome Powell press conference
THURSDAY, SEPT. 27
8:30 am Weekly jobless claims 9/22 -- 201,000
8:30 am GDP revision Q2 4.2% 4.2%
8:30 am Durable goods orders Aug. 2.0% -1.7%
8:30 am Core capex orders Aug. -- 1.6%
8:30 am
10 am Pending home sales Aug. -- -0.7%
FRIDAY,
SEPT. 28
FRIDAY, SEPT. 28
FRIDAY,
SEPT. 28
FRIDAY, SEPT. 28
FRIDAY, SEPT.
28
FRIDAY,
SEPT. 28

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