Special report-28-august-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
28-Aug-2018
Global markets at a glance
Wall Street's major indexes fell on Thursday as trade-
sensitive stocks were hit by a fresh round of tariffs in the
trade dispute between the United States and China.
Despite ongoing talks, the two countries imposed tariffs on
$16 billion worth of each other's goods.
Shares of industrial giants Caterpillar Inc and Boeing Co ,
which have been bellwethers of trade sentiment, were
among the biggest drags on the Dow. Caterpillar shares fell
2.0 percent, and Boeing shares fell 0.7 percent.
In the S&P 500, the technology sector was the sole gainer,
rising 0.2 percent. But it pared gains late in the session,
sending the tech-heavy Nasdaq into negative territory
along with the S&P and the Dow.The Dow Jones Industrial
Average fell 76.62 points, or 0.3 percent, to 25,656.98, the
S&P 500 lost 4.84 points, or 0.17 percent, to 2,856.98 and
the Nasdaq Composite dropped 10.64 points, or 0.13
percent, to 7,878.46.
The energy index fell 0.5 percent and the materials index
fell 0.7 percent, the biggest percentage drops among the
S&P's major sectors, as prices of crude oil and metals fell
due to trade war worries.The potential political fallout from
the legal woes of two former advisers to U.S. President
Donald Trump also weighed on investor sentiment.
Asian shares advanced again on Tuesday while major
currencies held on to gains amid hopes global tariff
tensions were abating as the United States and Mexico
made a deal to overhaul the North American Free Trade
Agreement.Investors expect Canada too would agree to the
new terms to preserve a three-nation pact, ultimately
dispelling the economic uncertainty caused by US President
Donald Trump's repeated threats to ditch the 1994 NAFTA
accord.MSCI's broadest index of Asia-Pacific shares outside
Japan climbed 0.3 percent for a second straight day of
gains. Australian shares added 0.5 percent while Japan's
Nikkei jumped 0.8 percent.
Previous day Roundup
The Nifty50 on Monday kicked off the F&O expiry week on
a strong note. The 50-pack took out the immediate
resistance at 11,620 and ended near the 11,700 level,
suggesting that the bulls were back on a buying spree after
Friday’s indecisiveness. A large bullish candle on the daily
chart is signalling confidence and the index may do well in
the rest of week.
Index stats
The Market was very volatile in last session. The sartorial in
dices performed as follow; Commodities[49.15],
Consumpt ion[42.90 pts],P SE[55.95pt s], C PSE[ -
29.70pts],Energy[200.70pts],FMCG[218.55pts],Auto
[90.55pts],Pharma[33.10pts],IT[254.90pts],Metal
[51.65pts],Realty[0.20 pts], Fin Serv sector[149.05pts].
World Indices
Index Value % Change
DJI 26,049.64 +1.01
S&P500 2,901.25 +0.19
NASDAQ 8,017.90 +0.91
FTSE100 7,577.49 +0.19
NIKKEI 22,907.86 +0.47
HANG SENG 28,367.04 +0.34
Top Gainers
Company CMP Change % Chg
Hindalco 230.25 8.15 3.67
Power Grid Corp 197.80 6.85 3.59
ICICI Bank 339.90 9.75 2.95
Bharti Airtel 379.15 10.20 2.76
Tech Mahindra 737.95 19.40 2.70
Top Losers
Yes Bank 374.2 -14.4 -3.71
Titan Company 885.35 -26.55 -2.91
Hero Motocorp 3,212.30 -72.45 -2.21
ICICI Bank 330.15 -7.05 -2.09
Adani Ports 376.75 -7.75 -2.02
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
ABFRL 202.05 7.35 3.64
AFL 73.15 6.85 9.36
AMRUTANJAN 344.45 0.55 0.16
ASTRAZEN 1878 -11.85 -0.63
AXISBANK 639.9 8.1 1.27
Indian Indices
NIFTY 11692.00 134.90 1.17
SENSEX 38694.11 442.31 1.16
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
ABMINTLTD 17.05 -0.85 -4.99
ALCHEM 5.25 0 0
AMTEKAUTO 5.75 -0.25 -4.35
AYMSYNTEX 40.25 0.75 1.86
BAFNAPHARM 20.45 -0.35 -1.71

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Special Report
28-Aug-2018
STOCK RECOMMENDATION [CASH]
TATAMOTORS [CASH]
As per the daily chart this counter is showing weakness
from falling down, in the on 24 aug at the closing session it
had shown a anamoly which shows a clear sign of reversal
around the levels of 255 and yesterday it closed on a
positive note here a long position can be made around the
levels of 269-270 for the targets of 274-278 with the
stoploss below 266.
MACRO NEWS
 Trends on SGX Nifty indicate a positive opening for the
broader index in India, a rise of 31 points or 0.26
percent. Nifty futures were trading around 11,754-
level on the Singaporean Exchange.
 The United States and Mexico agreed on Monday to
overhaul the North American Free Trade Agreement
(NAFTA), putting pressure on Canada to agree to new
terms on auto trade and dispute settlement rules to
remain part of the three-nation pact.Negotiations
among the three partners, whose mutual trade totals
more than USD 1 trillion annually, have dragged on for
more than a year, putting pressure on the Mexican
peso and the Canadian dollar. Both currencies gained
against the US dollar after Monday's announcement.
 Oil prices rose on Tuesday as risks of supply
disruptions from places such as Venezuela, Africa and
Iran triggered expectations of a tightening market.
International Brent crude oil futures were at USD
76.51 per barrel at 0037 GMT, up 30 cents, or 0.4
percent, from their last close. US West Texas
Intermediate (WTI) crude futures were up 24 cents, or
0.4 percent, at USD 69.11 a barrel.
 Economic policy think-tank NCAER has retained India's
growth forecast for the current fiscal at 7.4 percent
citing comfortable agricultural sector outlook and a
marked improvement in the external sector.
RECOMMENDATIONS [FUTURE]
1. BPCL [FUTURE ]
The stock has shown a reversal candlestick pattern from its
lower level of stockhastic indicator in a previous week. A
follow up buying with positive close suggest a point of
strength from its lower level buy from current level of 362
for the targets of 368-375 with the stoploss below 358
2. MANAPPURAM [FUTURE]
The particular script has rebounded from its support level of
99 and closed in a positive note above the levels of 101 we
cand witness its upward movement from this level since the
market is also in a positive trend so we suggest to buy
around the levels of 101-102 for the possible targets of 105-
110 with stoploss below 99.

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Special Report
28-Aug-2018
MOST ACTIVE CALL OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 11,700 48.15 3,63,174 29,27,025
BANKNIFTY CE 28,300 113 2,79,521 4,99,240
BANKNIFTY CE 28,500 49 2,27,735 10,23,720
RELIANCE CE 1,300 8.35 15,060 25,89,000
RELIANCE CE 1,280 18.7 8,206 11,26,000
SBIN CE 310 3.1 8,190 60,45,000
ICICIBANK CE 340 4.35 7,447 46,22,750
RELIANCE CE 1,320 3.05 6,744 13,07,000
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 11,600 14.35 3,04,165 37,79,775
BANKNIFTY PE 28,000 40 2,85,409 13,46,560
NIFTY PE 11,500 6.85 2,13,666 39,47,325
RELIANCE PE 1,280 6.2 7,695 11,04,000
RELIANCE PE 1,260 2.25 6,835 16,52,000
SUNPHARMA PE 620 7 4,375 8,88,800
SBIN PE 300 1.75 4,178 38,97,000
RELIANCE PE 1,240 0.95 3,646 16,50,000
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 25613 2405.07 26912 2452.13 372778 32684.19 -47.059
INDEX OPTIONS 769658 77567.79 769995 77570.68 788524 70809.87 -2.8891
STOCK FUTURES 214895 15459.29 219106 15681.79 1161708 88420.58 -222.4992
STOCK OPTIONS 146901 11480.39 148981 11614.81 158746 12203.26 -134.4109
-406.8582
STOCKS IN NEWS
 RIL gains 1% on report of Jio becoming second-
largest telco by revenue market share
 LIC Housing down 5% despite better Q1 nos; JP
Morgan, Macquarie maintain neutral call
 Future Retail surges 6% on report of Google, Paytm
teaming up to buy 7-10% stake
NIFTY FUTURE
The Nifty50 on Monday kicked off the F&O expiry week
on a strong note. The 50-pack took out the immediate
resistance at 11,620 and ended near the 11,700 level,
suggesting that the bulls were back on a buying spree
after Friday’s indecisiveness. A large bullish candle on
the daily chart is signalling confidence and the index may
do well in the rest of week. Here you can go for a long
position in nifty future around the levels of 11660-670
for the targets of 11700-11750 with stoploss below
11620
INDICES R2 R1 PIVOT S1 S2
NIFTY 11767.00 11729.00 11662.00 11624.00 11557.00
BANKNIFTY 28538.00 28401.00 28179.00 28042.00 27820.00

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Special Report
28-Aug-2018
COMMODITY ROUNDUP
Gold prices traded higher on Friday as Federal Reserve
chairman Jerome Powell emphasized the central bank’s
plans for gradual interest rate hikes would be conditioned
on the continued strength of the U.S. economy and labor
market. At 11:06 AM ET (15:06 GMT), gold futures for
December delivery on the Comex division of the New York
Mercantile Exchange gained $20.00, or 1.68%, to $1,214.00
a troy ounce.
In his speech at the Jackson Hole Economic Symposium,
Powell indicated that there was no clear sign of an
acceleration above the Fed’s 2% inflation objective and said
there did not seem to be an elevated risk of the economy
overheating.
“As the most recent FOMC statement indicates, if the strong
growth in income and jobs continues, further gradual
increases in the target range for the federal funds rate will
likely be appropriate,” he concluded.
Investors took Powell’s speech as a more dovish stance,
which seemed to rule out the need for a more aggressive
tightening as he suggested a lack of inflationary pressure
and put the caveat for further gradual increases in interest
rates on a continuation of current economic strength and a
strong labor market.
Higher interest rates tend to weigh on demand for gold,
which doesn’t bear interest, in favor of yield-bearing
investments. The remarks also weighed on the dollar,
extending the greenback’s losses and increasing the
demand of the precious metal for holders of foreign
currencies. In other metals trading, silver futures rose 1.88%
at $14.815 a troy ounce by 11:08 AM ET (15:08 GMT).
Palladium futures traded up 2.28% to $932.00 an ounce,
while sister metal platinumrose 2.03% at $794.20. In base
metals, copper gained 2.05% to $2.709 a pound.
The aluminum market has been thrust into a period of
uncertainty that has become a feature of the trade in recent
months because of tariffs and sanctions, a situation that
seems unlikely to change.The lack of clarity began in April,
when the US announced sanctions against several Russian
individuals and companies, including aluminum producer
UC Rusal.These sanctions created a lot of uncertainty in the
market, which in turn led to a price spike in April and high
volatility. But, since April, metal and alumina flows have
resumed to a great extent, and prices have moderated.
Oil prices rose on Tuesday as risks of supply disruptions
from places such as Venezuela, Africa and Iran triggered
expectations of a tightening market.
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
BUY GOLD ABOVE 30150 TGT 30250 30350 SL BELOW
30050
SELL GOLD BELOW 30050 TGT 29950 29850 SL ABOVE
30150
SILVER
TRADING STRATEGY:
BUY SILVER ABOVE 37400 TGT 37600 37900 SL BELOW
37200
SELL SILVER BELOW 36900 TGT 36700 36400 SL ABOVE
37100

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Special Report
28-Aug-2018
NCDEX INDICES
Index Value % Change
Barley 1595 -1.27
Castor Seed 4572 -2.1
Chana 3975 -3.07
Coriander 4623 -3.16
Cotton Seed Oilcake 1677 -3.98
Guar Seed 10 MT 4138 -3.98
Jeera 19025 -1.58
Mustardseed 4002 -1.86
Soy Bean 3172 -2.37
Turmeric 6750 -1.72
RECOMMENDATIONS
GUARGUM5
TRADING STRATEGY:
BUY GUARGUM OCT ABOVE 9000 TGT 9030 9060 SL BELOW
8970
SELL GUARGUM OCT BELOW 8820 TARGET 8770-8720 SL
8850.
DHANIYA
TRADING STRATEGY:
BUY DHANIYA SEP ABOVE 4850 TGT 4900 4950 SL BELOW
4800
SELL DHANIYA SEP BELOW 4590 TARGET 4540-4500 SL
4640.
Kharif crop planting has been done on 94% of the arable
land, with last phase of planting picking up in rain-fed parts
of the country boosted by fresh spells of rains across
western, central and southern India in the past one week.
However , the planting is still marginally lower than the
level this time last year. Planting covering 995.62 lakh
hectares so far this season is 1.28% less than a year earlier,
data from the Agriculture ministry showed. Total area to be
planted this kharif season is estimated at 1,058.10 lakh
hectares.
Coarse cereals, cotton, rice and pulses have seen a fall in
acreage, while oilseeds and sugarcane have reported an
increase. Monsoon data showed rains were 7% below
normal since June 1. Still, India’s 91 major reservoirs held
28% more water than at this time last year, and 7% higher
than the 10-year average at 101.286 billion cubic metres
suggesting better water availability for crops after the
monsoon ends. Officials say that in parts of the country
where farmers will have to go for replanting of crop due to
excess rain or deficit rain, farmers will now go for planting
of sturdy short duration crops like pulses and coarse
cereals.
Farmers who had prepared rice nurseries in the rain-fed
parts of north-eastern states, Jharkhand and Karnataka will
transplant those in rice fields, government officials said.
Rice is so far planted on 356.83 lakh hectares, which is
0.75% less than the previous year as per the ministry data.
Pulses acreage fell by 2.27% at 130.83 lakh hectares.
Though arhar, and moongbean acreage was higher than the
previous year, planting of uradbean fell by 13%.
Overall, coarse cereals saw a slight increase in planting over
the previous year. Meanwhile, farmers have opted more for
oilseeds, particularly soyabean. Overall, oilseed planting
saw a 1.68% increase at 167 lakh hectares.

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Special Report
28-Aug-2018
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 70.0366 Yen 63.0700
Euro 81.3032 GBP 89.9541
USD/INR
TRADING STRATEGY:
BUY USDINR ABOVE 70.20 TGT 70.50 70.80 SL BELOW 70.00
SELL USDINR BELOW 69.80 TGT 89.50 89.20 SL ABOVE 70.00
GBP/INR
TRADING STRATEGY:
BUY GBPINR ABOVE 90.20 TGT 90.50 90.80 SL BELOW 90.00
SELL GBPINR BELOW 89.60 TGT 89.30 89.00 SL ABOVE 89.80
The rupee today staged a good recovery to end higher by
20 paise at 69.91 against the US currency on bouts of
dollar selling by exporters and corporates. The domestic
currency recouped early losses and withstood the
headwinds of surging crude prices and trade deficit
worries. Excess volatility and movements in the US dollar
had a major impact on the domestic currency.
The domestic unit hit a low of 70.24 before rebounding in
late afternoon deals. India's trade .deficit soared to a near
five-year high of USD 18 billion, raising concerns on the
current account front. Also, global crude prices surged
after a brief consolidation largely supported by signs that
US sanctions on Iran, the third-biggest producer in the
OPEC, are already reducing global crude supply.
A single sneeze, and the world catches cold. The market
worldwide is reeling under pressure as their currencies
continue to get devalued against a strong dollar.
Turkey was first to sneeze and now, it appears that the
contagion might spread throughout emerging markets.
World market is already under too much debt. If we look at
most of the country’s debt to GDP, it’s are more than 50
per cent, and for many of the advanced economies such as
the US, Japan, the UK and Italy, the figure is more than
100 per cent. he problem is most of emerging markets
debt is dollar denominated. With a rise in US dollar, all
emerging market currencies have devalued. It becomes
difficult for countries to repay their debt as it becomes
expensive to pay in the dollar as their currencies already
have devalued.
India's foreign exchange reserves fell by $33.2 million to
$400.847 billion in the week to August 17 mainly due to fall
in foreign currency assets, according to RBI data.
In the previous week, the forex reserves had witnessed a
drop of $1.822 billion to $400.881 billion.
The reserves have been declining in the past few weeks as
the Reserve Bank is selling the US dollar to contain
depreciation in the rupee, which is frequently testing the
70-level against the American unit. The rupee opened
today at 70.24 a dollar and closed at 69.91. The Indian unit
had hit an intra-day low of $70.40 on April 14, 2018. In the
week ended August 17, foreign currency assets, a major
component of the overall reserves, dipped by $60.2 million
to $376.205 billion, as per data.

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Special Report
28-Aug-2018
Date
Commodity/
Currency Pairs
Contract Strategy Entry Level Target Stop Loss Remark
27/08/18 NCDEX DHANIYA SEP BUY 4800 4870 5000 4730 SL TRIGGERED
27/08/18 NCDEX DHANIYA SEP SELL 4700 4630 4500 4770 TGRGET HIT
27/08/18
NCDEX
GUARGUM5
OCT BUY 9250 9350 9500 9150 SL TRIGGERED
27/08/18
NCDEX
GUARGUM5
OCT SELL 9150 9050 8950 9250 TGRGET HIT
27/08/18 MCX GOLD OCT BUY 30000 30100 30300 29900 OPEN
27/08/18 MCX GOLD OCT SELL 29530 29430-29230 29630 NOT EXECUTED
27/08/18 MCX SILVER SEP BUY 37200 37400 37700 37000 OPEN
27/08/18 MCX SILVER SEP SELL 36900 36700 36400 37100 NOT EXECUTED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
27/08/18 NIFTY FUTURE SELL 11640-11660 11500 11350 11750 TARGET HIT
27/08/18 BHEL FUTURE BUY 80.45 88 75 OPEN
27/08/18 UJJIVAN FUTURE BUY 357.90 385 340 OPEN
27/08/18 LUPIN CASH BUY 1036 1090 1020 OPEN

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Special Report
28-Aug-2018
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Disclaimer
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS
TIME (ET) REPORT PERIOD ACTUAL FORECAST PREVIOUS
MONDAY, AUG. 27
8:30 am Chicago national activity index July 0.43
TUESDAY, AUG. 28
8:30 am Advance trade in goods July -$68.3bln
9 am Case-Shiller home price index June 6.4%
10 am Consumer confidence index Aug. 127.4
WEDNESDAY, AUG. 29
8:30 am Gross domestic product revision Q2 4.1%
10 am Pending home sales July 0.9%
THURSDAY, AUG. 30
8:30 am Weekly jobless claims 8/25
8:30 am Personal income July 0.4%
8:30 am Consumer spending July 0.4%
8:30 am Core inflation July 0.1%
FRIDAY, AUG. 31
9:45 am Chicago PMI Aug. 65.5
10 am Consumer sentiment index Aug. 97.9

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