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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
30-July-2018
Global markets at a glance
Wall Street rose on Wednesday as US President Donald
Trump secured concessions from the European Union on
trade, while a disappointing quarterly report from
Facebook after the bell slammed its stock and threatened
to put the brakes on a tech rally.The benchmark S&P 500
jumped more than half a percent in the last half-hour of
trading on news of the concessions and closed at its
highest level since Jan. 29. Trump said that the United
States and the European Union had agreed to work toward
eliminating tariffs on industrial goods and increasing US
exports of liquefied natural gas and soybeans to Europe.
Asian stocks struggled to gain traction on Friday, following
a mixed end to Wall Street trade and as the worsening Sino
-US trade dispute kept investors in the region cautious,
despite signs of rapprochement between the United States
and Europe.MSCI's broadest index of Asia-Pacific shares
outside Japan was little changed in early trade.Japan's
Nikkei eked out a 0.3 percent gain though it was capped by
worries that the Bank of Japan could scale down its asset
purchase at its upcoming policy review next week.MSCI's
gauge of stocks across the globe hit four-month highs on
Thursday, with European car maker shares gaining 2.6
percent after the European Union and the United States
agreed to negotiate on trade, easing fears of a transatlantic
trade war.
Previous day Roundup
Indian markets created history last week with both
benchmark indices rallying over 2 percent each. The S&P
BSE Sensex gained 840 points or 2.3 percent while the
Nifty50 rose 268 points or 2.43 percent for the week ended
27 July.The benchmark indices might have risen by a little
over 2 percent but nearly 30 stocks on the BSE rose 20-40
percent in the same period.As many as 8 stocks from the
S&P BSE 500 index rallied over 20 percent in the last five
trading sessions which include names like Inox Wind, Vijaya
Bank, Prism Johnson, Dilip Buildcon, REC, Shriram
Transport Finance, Reliance Capital, and Jindal Saw.
]Index stats
The Market was very volatile in last session. The sartorial in
dices performed as follow; Commodities[43.45pts],
C o n s u m p t i o n [ 5 0 . 3 5 p t s ] , P S E [ 3 9 . 1 5 p t s ] , C P S E
[27.60pts],Energy[219.70pts],FMCG[713.10pts],Auto
[104.80pts],Pharma[44.35pts],IT[49.80pts],Metal
[62.35pts],Realty[1.45 pts], Fin Serv sector[228.00pts].
World Indices
Index Value % Change
DJI 25,451.06 -0.30
S&P500 2,817.75 -0.87
NASDAQ 7,737.42 -1.46
FTSE100 7,701.31 0.50
NIKKEI 22,712.75 0.55
HANG SENG 28,804.28 0.08
Top Gainers
Company CMP Change % Chg
ITC 302.55 15.35 5.34
Tata Motors 268.15 9.90 3.83
Titan Company 884.10 29.60 3.46
Hindalco 213.40 6.85 3.32
Tata Steel 550.20 15.35 2.87
Top Losers
Company CMP Change % Chg
Dr Reddys Labs 2,083.20 -49.55 -2.32
Bajaj Finserv 6,927.20 -108.10 -1.54
Adani Ports 394.65 -4.65 -1.16
Coal India 262.15 -2.95 -1.11
Power Grid Corp 179.90 -1.95 -1.00
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
APLLTD 557.55 7.45 1.34
ASTRAL 1106.85 5.15 0.47
BAJAJFINSV 7035.3 -110.25 -1.57
BATAINDIA 915.4 -1.4 -0.15
BHARATFIN 1190.6 13.15 1.1
Indian Indices
Company CMP Change % Chg
NIFTY 11278.40 111.10 0.99
SENSEX 37336.85 352.21 0.95
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
ANKITMETAL 0.6 -0.05 -8.33
BGLOBAL 2.25 0 0
BILPOWER 0.65 -0.05 -7.69
BIOFILCHEM 11 0.5 4.55
BLUEBLENDS 8.05 -0.4 -4.97
_____________________________________________________________________________________________________________________
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
30-July-2018
STOCK RECOMMENDATION [CASH]
DAAWAT [CASH]
From the daily chart its clear that after moving in
continuous downtrend the particular script has got a
support at its important level of 52 due to the strength in
market , it has made a breakout candle which closed at 60
the only resistance which is acting as a hurdle is 60.50 so
we advice to buy daawat around 60.80-61.50 tgt 64-68 sl
below 58.
MACRO NEW
 Trends on SGX Nifty indicate a positive opening for the
broader index in India, a gain of 10 points or 0.09
percent. Nifty futures were trading around 11,327-
level on the Singaporean Exchange.
 The RBI is expected to announce its monitary policy on
August 1 with the MPC meet starting today. The
decision of the MPC will be announced at 14:30 hours
IST on August 1. Most economists expect the MPC to
keep policy rates unchanged but the commentary
would be a key thing to watch out for.
 Petrochemical-retail-to-telecom major Reliance
Industries has started off the financial year 2018-19
with first quarter consolidated profit at Rs 9,485 crore,
which grew by 0.3 percent compared to Rs 9,459 crore
in the previous quarter. The year-on-year bottomline
growth was 4.5 percent. Consolidated revenue during
the quarter increased 10.1 percent sequentially (up 42
percent YoY) to Rs 1.29 lakh crore. The growth was
primarily on account of higher realisations of refining
and petrochemical products led by 49 percent YoY
increase in Brent oil price.
 Oil prices were mixed on Monday with WTI rising on
the back of strong US economic growth figures, while
Brent began the week trading lower after posting its
first weekly gain in four.
RECOMMENDATIONS [FUTURE]
1.NBCC [FUTURE ]
From the daily chart its clear that after moving in continuos
downtrend the particular script has got a support at its
important level of 60.70 it has shown a reversal from its
lower levels and closed just near to its previous resistance
level of 71.50 from here a chance of breakout can be
grabbed, so we advice to buy nbcc future around the levels
of 71.60-72 for the targets of 75-80 with stoploss below 69.
2.RELIANCE [FUTURE]
With the good fundamental this particular script is has also
plus point with respect to its technical , it is maintaining its
uptrend and clsoed near to its 52 weeks high above its
crucial resistance level of 1144 its showing buying signal
with stockhastic moementum induicator above 50 here buy
on strength would be good opportunity to go so we advice
you to buy reliacne future around 1144-46 tgt 1155-1166 sl
below 1133.
_____________________________________________________________________________________________________________________
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
30-July-2018
MOST ACTIVE CALL OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 11,400 101.4 90,559 17,55,750
NIFTY CE 11,300 152 86,670 16,14,525
BANKNIFTY CE 27,900 60.65 84,188 1,89,040
BANKNIFTY CE 27,500 220 81,888 4,56,160
ITC CE 310 5.1 7,685 29,13,600
ITC CE 300 9.3 7,338 29,47,200
ITC CE 320 2.85 6,841 30,19,200
RELIANCE CE 1,200 12.75 6,645 16,43,000
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 11,200 109.95 97,030 21,61,125
BANKNIFTY PE 27,300 70.1 90,323 3,93,920
NIFTY PE 11,000 61 86,705 38,54,400
BANKNIFTY PE 27,500 134.8 81,744 2,75,680
RELIANCE PE 1,100 19.8 5,225 21,61,000
ICICIBANK PE 280 7 3,866 33,74,250
MARUTI PE 9,000 103 3,801 64,500
RELIANCE PE 1,120 27.3 3,727 12,57,000
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 29620 2629.18 21064 1917.62 230434 19823.73 711.5602
INDEX OPTIONS 353166 33489.38 355714 33686.60 538685 46827.41 -197.2175
STOCK FUTURES 192125 12830.53 182325 12173.26 1052268 76744.28 657.2716
STOCK OPTIONS 84389 6203.95 82458 6079.48 49130 3675.08 124.466
1296.0803
STOCKS IN NEWS
 ICICI Bank: Q1 net loss at Rs 119.5 crore versus
profit of Rs 2,049 crore; NII rises 9.2 percent at Rs
6,102 crore versus Rs 5,590 crore (YoY).
 Punjab National Bank: PNB MetLife filed draft red
herring prospectus with the SEBI for its IPO.
NIFTY FUTURE
Market closed at all time high with support of PSU banks
as well as Metal share which was the top performer of
last week. In last week Nifty struggled near previous all
time high 11171 but down side it maintain support of
11110 where we seen strong pull back and at the last
trading session it end with 111 point gains.Since on daily
chart it is breakout of Pennant pattern, according to that
we can see more up side to the level of 11600 due to
that it can be in any decline buy around 11280-90 with
stop loss of 11200 for the target of 11400-11600.
INDICES R2 R1 PIVOT S1 S2
NIFTY 11330.00 11304.00 11257.00 11231.00 11184.00
BANKNIFTY 27789.00 27711.00 27583.00 27505.00 27377.00
_____________________________________________________________________________________________________________________
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
30-July-2018
COMMODITY ROUNDUP
Gold is widely advocated by financial analysts as one of the
major safe harbors for worried investors as the world has to
move from an international monetary system dominated by
the US dollar to a multi-polar currency system.Gold will
remain a crucial component of diversified portfolios, as a
hedge against potential corrections across asset classes. It is
liquid and has neither credit nor default risk. The
inescapable conclusion is that the only viable alternative
asset for official reserves is physical gold, as it alone has the
requisite liquidity, correlation characteristics, and
trust. Central banks seeking true risk diversification or
insurance, therefore, should increase their gold
holdings.Gold is almost never a ‘buy’ when it is both loved
by the gold “community” and the cyclical backdrop is
positive. It is almost always a ‘buy’ when it is hated by the
gold “community” and the cyclical backdrop is counter,
bleak and/or not inflationary.Data from the Commodity
Futures Trading Commission showed speculators
significantly expanded net short positions — bets the price
will fall — to 26,400 contracts in the week to July 17, not far
off the late 2015 record high. Extreme positioning is often
seen as a contrarian indicator. Speculative market
participants often behave in a very cyclical fashion, and in
the past such extreme positioning has frequently been an
indicator of a pronounced counter-movement in the near
future. Very negative market positioning at the end of 2015
was followed by a surge in the gold price of roughly $300 in
the first half of 2016.
Oil prices rose for a second day on Wednesday after
industry group data showed U.S. crude inventories fell more
than expected last week, easing worries about oversupply
that had dragged on markets in recent sessions.Brent
crude LCOc1 was up 29 cents, or 0.4 percent, at $73.73 a
barrel by 0035 GMT. The global benchmark settled 38 cents
higher at $73.44 a barrel on Tuesday, after climbing as high
as $74.U.S. West Texas Intermediate CLc1 rose 22 cents, or
0.3 percent, to $68.74, having settled the previous session
up 63 cents, or nearly 1 percent.Reports that China will
increase infrastructure spending also helped reduce
concerns that U.S.-China trade tensions will dent the
country's demand for oil. crude and fuel stockpiles dropped
more than expected last week, industry group the American
Petroleum Institute said on Tuesday.Crude inventories fell
by 3.2 million barrels in the week to July 20 to 407.6 million
barrels, compared with analyst expectations for a decrease
of 2.3 million barrels.Distillate fuels stockpiles, which
include diesel and heating oil, fell by 1.3 million barrels,
compared with expectations for a 207,000-barrel gain.
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
BUY GOLD ABOVE 29900 TGT 30000 30200 SL BELOW
29800
SELL GOLD BELOW 29780 TGT 29680 29480 SL ABOVE
29880
SILVER
TRADING STRATEGY:
BUY SILVER ABOVE 38500 TGT 38700 39000 SL BELOW
38300
SELL SILVER BELOW 38200 TGT 38000 37700 SL ABOVE
38400
_____________________________________________________________________________________________________________________
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
30-July-2018
NCDEX INDICES
Index Value % Change
Barley 1610 0.09
Castor Seed 4645 2.86
Chana 4153 1.00
Coriander 5089 0.43
Cotton Seed Oilcake 1832 0.94
Guar Seed 10 MT 4267 2.44
Jeera 19785 0.94
Mustardseed 4176 0.36
Soy Bean 3365 -0.15
Turmeric 7310 0.40
RECOMMENDATIONS
GUARGUM5
BUY GUARGUM OCT ABOVE 9270 TGT 9370 9520 SL BELOW
9170
SELL GUARGUM OCT BELOW 9150 TGT 9250 9400 SL
ABOVE 9050
DHANIYA
BUY DHANIYA AUG ABOVE 5180 TGT 5240 5340 SL BELOW
5100
SELL DHANIYA AUG BELOW 4980 TGT 4900 4800 SL ABOVE
5060
USDA forecasts that China's soybean imports will increase
to 100.5 MMT in MY18/19 from the estimated 97 MMT in
MY17/18. This forecast, is 2.5 MMT lower than USDA's June
forecast. Due to the combination of the moderate increase
in domestic soybean production, together with the
slowdown in growth of soybean meal use, a net growth of
3.5 MMT of soybean imports in MY18/19 is expected to
meet the Chinese demand growth for protein meals.
U.S. soybean exports to China continue to face strong
competition from soybean exports from South America.
Excessive soybean stocks and a fall in the soybean price in
Brazil attributed to the 14.2 MMT of Brazilian soybean
exports to China in the first half of MY17/18. This is
significantly higher than the 5.2 MMT during the same
period in MY16/17.
Despite China's net growth of over 2 MMT of soybean
imports in the first half of MY17/18, total soybean imports
from the United States fell to 24.4 MMT in this period,
down from the 31.6 MMT in the previous year. Chinese
importers note that Brazilian soybeans have a one percent
higher protein content than U.S. soybeans. Importers were
previously willing to pay a slightly higher price for soybeans
with a higher protein content, but with the drop in the price
of Brazilian soybeans, exports are now surging
As per official data, Ukraine supplied some 1 MMT of wheat
to foreign markets in May 2017/18. This was down 10%
from April (1.1 MMT) but up 2% from May 2016/17 (986.8
KMT). In July-May 2017/18, wheat exports totaled 16.3
MMT, or 3% less than in the same period in MY 2016/17.
Ukrainian wheat shipments to the European Union and
Indonesia grew substantially in the current season. In the
period under review, exports to Indonesia increased to 2.1
MMT that was 31% more than in the whole of MY 2016/17.
_____________________________________________________________________________________________________________________
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
30-July-2018
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 68.9300 Yen 62.0900
Euro 80.3100 GBP 90.4000
USD/INR
BUY USDINR ABOVE 69.00 TGT 69.30/69.60 SL BELOW 68.70
SELL USDINR BELOW 68.50 TGT 68.20/67.90 SL ABOVE 68.80
GBP/INR
BUY GBPINR ABOVE 90.60 TGT 90.90/91.20 SL BELOW 90.30
SELL GBPINR BELOW 89.60 TGT 89.30/89.00 SL ABOVE 89.90
The rupee retreated from early high levels to close down
with a modest loss of 2 paise at 68.86 against the US
currency on stray dollar demand from importers. The
home currency initially reacted positively to the GST
Council's decision to cut rates on several items and also
tracking broad weakness in the dollar.
It touched a high of 68.65 in early trade before slipping
back toward the tail-end trade.
Consistent unwinding by foreign investors on growing
expectations of Fed rate hike kept home currency under
pressure, a dealer said.
Overall, forex sentiment remained fragile in the face macro
challenges coupled with tense trade relations between the
US and major economies and expectations that the Federal
Reserve will raise interest rates further this year. The
Indian rupee had hit its life-time low of 69.13 a dollar last
Friday.
Oil prices too inched up today after tensions worsened
between Iran and the US. The Brent crude rising 66 cents
to USD 73.73 per barrel and West Texas Intermediate
gaining 27 cents to USD 68.53 per barrel. Foreign investors
remained net investors in stock markets as they bought
equities worth Rs 259 crore on net basis today.
Domestic bourses maintained their bullish momentum for
the second-straight session with the flagship BSE Sensex
ending at a historic closing high driven by optimistic
corporate earnings as well as strong buying from investors.
The rupee resumed higher at 68.70 against weekend close
of 68.84 at the Interbank Foreign Exchange (forex) market
on increased selling of the American currency by exporters
and banks. The local currency dropped to a low of 68.87
before settling at 68.86, showing a loss of 2 paise.
The Financial Benchmarks India private limited (FBIL),
meanwhile, fixed the reference rate for the dollar at
68.7040 and for the euro at 80.5619. The bond market also
witnessed fresh selling and the 10-year benchmark yield
end at higher at 7.81 per cent. The bond market also
witnessed fresh selling and the 10-year benchmark yield
end at higher at 7.81 per cent. In the cross currency trade,
the rupee continued to lose ground against the pound
sterling to finish at 90.50 per pound from 89.80 and
dropped against the euro to end at 80.68 as compared to
80.25. It also slumped further against the Japanse yen to
close at 62.00 per 100 yens from 61.26 earlier.
_____________________________________________________________________________________________________________________
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
30-July-2018
Date
Commodity/
Currency Pairs
Contract Strategy Entry Level Target Stop Loss Remark
27/07/18 NCDEX DHANIYA AUG BUY 5050 5100 5200 5000 TGT HIT
27/07/18 NCDEX DHANIYA AUG SELL 4940 4890 4790 4990 NOT EXECUTED
27/07/18
NCDEX
GUARGUM5
OCT BUY 8940 9000 9150 8880 TGT HIT
27/07/18
NCDEX
GUARGUM5
OCT SELL 8730 8680 8780 8800 NOT EXECUTED
27/07/18 MCX GOLD AUG BUY 30000 30100 30300 29900 NOT EXECUTED
27/07/18 MCX GOLD AUG SELL 29850 29700 29500 29950 OPEN
27/07/18 MCX SILVER SEP BUY 38700 38900 39200 38500 NOT EXECUTED
27/07/18 MCX SILVER SEP SELL 38300 38100 37800 38500 TGT HIT
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
27/07/18 NIFTY FUTURE BUY 11100-11110 11150 -11200 11050 NOT EXECUTED
27/07/18 IGL FUTURE SELL 298-297 294-290 300 SL TRIGGERED
27/07/18 DCBBANK FUTURE BUY 165-166 169-174 163 TGT HIT
27/07/18 ACE CASH SELL 137-136.50 133-127 140 NOT EXECUTED
_____________________________________________________________________________________________________________________
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
30-July-2018
The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or
liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right
investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal
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
related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at
his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any
surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks. We,
however, do not vouch for the accuracy or the completeness thereof. We are not responsible for any loss incurred whatsoever for any financial profits or loss
which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our
Disclaimer
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS
TIME (ET) REPORT PERIOD ACTUAL FORECAST PREVIOUS
MONDAY, JULY 23
8:30 am Chicago Fed national activity index June -- -0.15
10 am
TUESDAY,
JULY 24
TUESDAY, JULY 24
TUESDAY,
JULY 24
TUESDAY, JULY 24
TUESDAY, JULY
24
TUESDAY,
JULY 24
9:45 am Markit manufacturing PMI flash July -- 55.4
9:45 am
WEDNESDA
Y, JULY 25
WEDNESDAY, JULY 25
WEDNESD
AY, JULY
25
WEDNESDAY, JULY
25
WEDNESDAY,
JULY 25
WEDNESDA
Y, JULY 25
10 am New home sales June 670,000 689,000
THURSDAY, JULY 26
8:30 am Weekly jobless claims 7/14 215,000 207,000
8:30 am Durable goods orders June 2.9% -0.4%
8:30 am Core capital equipment orders June -- 0.3%
8:30 am Advance trade in goods June -$69.1 bln -$64.8bln
10 am
FRIDAY,
JULY 27
FRIDAY, JULY 27
FRIDAY,
JULY 27
FRIDAY, JULY 27 FRIDAY, JULY 27
FRIDAY,
JULY 27
8:30 am Gross domestic product Q2 4.0% 2.0%

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Special report-30-july-epic-research-2018

  • 1. _____________________________________________________________________________________________________________________ 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 30-July-2018 Global markets at a glance Wall Street rose on Wednesday as US President Donald Trump secured concessions from the European Union on trade, while a disappointing quarterly report from Facebook after the bell slammed its stock and threatened to put the brakes on a tech rally.The benchmark S&P 500 jumped more than half a percent in the last half-hour of trading on news of the concessions and closed at its highest level since Jan. 29. Trump said that the United States and the European Union had agreed to work toward eliminating tariffs on industrial goods and increasing US exports of liquefied natural gas and soybeans to Europe. Asian stocks struggled to gain traction on Friday, following a mixed end to Wall Street trade and as the worsening Sino -US trade dispute kept investors in the region cautious, despite signs of rapprochement between the United States and Europe.MSCI's broadest index of Asia-Pacific shares outside Japan was little changed in early trade.Japan's Nikkei eked out a 0.3 percent gain though it was capped by worries that the Bank of Japan could scale down its asset purchase at its upcoming policy review next week.MSCI's gauge of stocks across the globe hit four-month highs on Thursday, with European car maker shares gaining 2.6 percent after the European Union and the United States agreed to negotiate on trade, easing fears of a transatlantic trade war. Previous day Roundup Indian markets created history last week with both benchmark indices rallying over 2 percent each. The S&P BSE Sensex gained 840 points or 2.3 percent while the Nifty50 rose 268 points or 2.43 percent for the week ended 27 July.The benchmark indices might have risen by a little over 2 percent but nearly 30 stocks on the BSE rose 20-40 percent in the same period.As many as 8 stocks from the S&P BSE 500 index rallied over 20 percent in the last five trading sessions which include names like Inox Wind, Vijaya Bank, Prism Johnson, Dilip Buildcon, REC, Shriram Transport Finance, Reliance Capital, and Jindal Saw. ]Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[43.45pts], C o n s u m p t i o n [ 5 0 . 3 5 p t s ] , P S E [ 3 9 . 1 5 p t s ] , C P S E [27.60pts],Energy[219.70pts],FMCG[713.10pts],Auto [104.80pts],Pharma[44.35pts],IT[49.80pts],Metal [62.35pts],Realty[1.45 pts], Fin Serv sector[228.00pts]. World Indices Index Value % Change DJI 25,451.06 -0.30 S&P500 2,817.75 -0.87 NASDAQ 7,737.42 -1.46 FTSE100 7,701.31 0.50 NIKKEI 22,712.75 0.55 HANG SENG 28,804.28 0.08 Top Gainers Company CMP Change % Chg ITC 302.55 15.35 5.34 Tata Motors 268.15 9.90 3.83 Titan Company 884.10 29.60 3.46 Hindalco 213.40 6.85 3.32 Tata Steel 550.20 15.35 2.87 Top Losers Company CMP Change % Chg Dr Reddys Labs 2,083.20 -49.55 -2.32 Bajaj Finserv 6,927.20 -108.10 -1.54 Adani Ports 394.65 -4.65 -1.16 Coal India 262.15 -2.95 -1.11 Power Grid Corp 179.90 -1.95 -1.00 Stocks at 52 Week’s HIGH Symbol Prev. Close Change %Chg APLLTD 557.55 7.45 1.34 ASTRAL 1106.85 5.15 0.47 BAJAJFINSV 7035.3 -110.25 -1.57 BATAINDIA 915.4 -1.4 -0.15 BHARATFIN 1190.6 13.15 1.1 Indian Indices Company CMP Change % Chg NIFTY 11278.40 111.10 0.99 SENSEX 37336.85 352.21 0.95 Stocks at 52 Week’s LOW Symbol Prev. Close Change %Chg ANKITMETAL 0.6 -0.05 -8.33 BGLOBAL 2.25 0 0 BILPOWER 0.65 -0.05 -7.69 BIOFILCHEM 11 0.5 4.55 BLUEBLENDS 8.05 -0.4 -4.97
  • 2. _____________________________________________________________________________________________________________________ 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 30-July-2018 STOCK RECOMMENDATION [CASH] DAAWAT [CASH] From the daily chart its clear that after moving in continuous downtrend the particular script has got a support at its important level of 52 due to the strength in market , it has made a breakout candle which closed at 60 the only resistance which is acting as a hurdle is 60.50 so we advice to buy daawat around 60.80-61.50 tgt 64-68 sl below 58. MACRO NEW  Trends on SGX Nifty indicate a positive opening for the broader index in India, a gain of 10 points or 0.09 percent. Nifty futures were trading around 11,327- level on the Singaporean Exchange.  The RBI is expected to announce its monitary policy on August 1 with the MPC meet starting today. The decision of the MPC will be announced at 14:30 hours IST on August 1. Most economists expect the MPC to keep policy rates unchanged but the commentary would be a key thing to watch out for.  Petrochemical-retail-to-telecom major Reliance Industries has started off the financial year 2018-19 with first quarter consolidated profit at Rs 9,485 crore, which grew by 0.3 percent compared to Rs 9,459 crore in the previous quarter. The year-on-year bottomline growth was 4.5 percent. Consolidated revenue during the quarter increased 10.1 percent sequentially (up 42 percent YoY) to Rs 1.29 lakh crore. The growth was primarily on account of higher realisations of refining and petrochemical products led by 49 percent YoY increase in Brent oil price.  Oil prices were mixed on Monday with WTI rising on the back of strong US economic growth figures, while Brent began the week trading lower after posting its first weekly gain in four. RECOMMENDATIONS [FUTURE] 1.NBCC [FUTURE ] From the daily chart its clear that after moving in continuos downtrend the particular script has got a support at its important level of 60.70 it has shown a reversal from its lower levels and closed just near to its previous resistance level of 71.50 from here a chance of breakout can be grabbed, so we advice to buy nbcc future around the levels of 71.60-72 for the targets of 75-80 with stoploss below 69. 2.RELIANCE [FUTURE] With the good fundamental this particular script is has also plus point with respect to its technical , it is maintaining its uptrend and clsoed near to its 52 weeks high above its crucial resistance level of 1144 its showing buying signal with stockhastic moementum induicator above 50 here buy on strength would be good opportunity to go so we advice you to buy reliacne future around 1144-46 tgt 1155-1166 sl below 1133.
  • 3. _____________________________________________________________________________________________________________________ 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 30-July-2018 MOST ACTIVE CALL OPTION Symbol Optio n Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 11,400 101.4 90,559 17,55,750 NIFTY CE 11,300 152 86,670 16,14,525 BANKNIFTY CE 27,900 60.65 84,188 1,89,040 BANKNIFTY CE 27,500 220 81,888 4,56,160 ITC CE 310 5.1 7,685 29,13,600 ITC CE 300 9.3 7,338 29,47,200 ITC CE 320 2.85 6,841 30,19,200 RELIANCE CE 1,200 12.75 6,645 16,43,000 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 11,200 109.95 97,030 21,61,125 BANKNIFTY PE 27,300 70.1 90,323 3,93,920 NIFTY PE 11,000 61 86,705 38,54,400 BANKNIFTY PE 27,500 134.8 81,744 2,75,680 RELIANCE PE 1,100 19.8 5,225 21,61,000 ICICIBANK PE 280 7 3,866 33,74,250 MARUTI PE 9,000 103 3,801 64,500 RELIANCE PE 1,120 27.3 3,727 12,57,000 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 29620 2629.18 21064 1917.62 230434 19823.73 711.5602 INDEX OPTIONS 353166 33489.38 355714 33686.60 538685 46827.41 -197.2175 STOCK FUTURES 192125 12830.53 182325 12173.26 1052268 76744.28 657.2716 STOCK OPTIONS 84389 6203.95 82458 6079.48 49130 3675.08 124.466 1296.0803 STOCKS IN NEWS  ICICI Bank: Q1 net loss at Rs 119.5 crore versus profit of Rs 2,049 crore; NII rises 9.2 percent at Rs 6,102 crore versus Rs 5,590 crore (YoY).  Punjab National Bank: PNB MetLife filed draft red herring prospectus with the SEBI for its IPO. NIFTY FUTURE Market closed at all time high with support of PSU banks as well as Metal share which was the top performer of last week. In last week Nifty struggled near previous all time high 11171 but down side it maintain support of 11110 where we seen strong pull back and at the last trading session it end with 111 point gains.Since on daily chart it is breakout of Pennant pattern, according to that we can see more up side to the level of 11600 due to that it can be in any decline buy around 11280-90 with stop loss of 11200 for the target of 11400-11600. INDICES R2 R1 PIVOT S1 S2 NIFTY 11330.00 11304.00 11257.00 11231.00 11184.00 BANKNIFTY 27789.00 27711.00 27583.00 27505.00 27377.00
  • 4. _____________________________________________________________________________________________________________________ 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 30-July-2018 COMMODITY ROUNDUP Gold is widely advocated by financial analysts as one of the major safe harbors for worried investors as the world has to move from an international monetary system dominated by the US dollar to a multi-polar currency system.Gold will remain a crucial component of diversified portfolios, as a hedge against potential corrections across asset classes. It is liquid and has neither credit nor default risk. The inescapable conclusion is that the only viable alternative asset for official reserves is physical gold, as it alone has the requisite liquidity, correlation characteristics, and trust. Central banks seeking true risk diversification or insurance, therefore, should increase their gold holdings.Gold is almost never a ‘buy’ when it is both loved by the gold “community” and the cyclical backdrop is positive. It is almost always a ‘buy’ when it is hated by the gold “community” and the cyclical backdrop is counter, bleak and/or not inflationary.Data from the Commodity Futures Trading Commission showed speculators significantly expanded net short positions — bets the price will fall — to 26,400 contracts in the week to July 17, not far off the late 2015 record high. Extreme positioning is often seen as a contrarian indicator. Speculative market participants often behave in a very cyclical fashion, and in the past such extreme positioning has frequently been an indicator of a pronounced counter-movement in the near future. Very negative market positioning at the end of 2015 was followed by a surge in the gold price of roughly $300 in the first half of 2016. Oil prices rose for a second day on Wednesday after industry group data showed U.S. crude inventories fell more than expected last week, easing worries about oversupply that had dragged on markets in recent sessions.Brent crude LCOc1 was up 29 cents, or 0.4 percent, at $73.73 a barrel by 0035 GMT. The global benchmark settled 38 cents higher at $73.44 a barrel on Tuesday, after climbing as high as $74.U.S. West Texas Intermediate CLc1 rose 22 cents, or 0.3 percent, to $68.74, having settled the previous session up 63 cents, or nearly 1 percent.Reports that China will increase infrastructure spending also helped reduce concerns that U.S.-China trade tensions will dent the country's demand for oil. crude and fuel stockpiles dropped more than expected last week, industry group the American Petroleum Institute said on Tuesday.Crude inventories fell by 3.2 million barrels in the week to July 20 to 407.6 million barrels, compared with analyst expectations for a decrease of 2.3 million barrels.Distillate fuels stockpiles, which include diesel and heating oil, fell by 1.3 million barrels, compared with expectations for a 207,000-barrel gain. RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD ABOVE 29900 TGT 30000 30200 SL BELOW 29800 SELL GOLD BELOW 29780 TGT 29680 29480 SL ABOVE 29880 SILVER TRADING STRATEGY: BUY SILVER ABOVE 38500 TGT 38700 39000 SL BELOW 38300 SELL SILVER BELOW 38200 TGT 38000 37700 SL ABOVE 38400
  • 5. _____________________________________________________________________________________________________________________ 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 30-July-2018 NCDEX INDICES Index Value % Change Barley 1610 0.09 Castor Seed 4645 2.86 Chana 4153 1.00 Coriander 5089 0.43 Cotton Seed Oilcake 1832 0.94 Guar Seed 10 MT 4267 2.44 Jeera 19785 0.94 Mustardseed 4176 0.36 Soy Bean 3365 -0.15 Turmeric 7310 0.40 RECOMMENDATIONS GUARGUM5 BUY GUARGUM OCT ABOVE 9270 TGT 9370 9520 SL BELOW 9170 SELL GUARGUM OCT BELOW 9150 TGT 9250 9400 SL ABOVE 9050 DHANIYA BUY DHANIYA AUG ABOVE 5180 TGT 5240 5340 SL BELOW 5100 SELL DHANIYA AUG BELOW 4980 TGT 4900 4800 SL ABOVE 5060 USDA forecasts that China's soybean imports will increase to 100.5 MMT in MY18/19 from the estimated 97 MMT in MY17/18. This forecast, is 2.5 MMT lower than USDA's June forecast. Due to the combination of the moderate increase in domestic soybean production, together with the slowdown in growth of soybean meal use, a net growth of 3.5 MMT of soybean imports in MY18/19 is expected to meet the Chinese demand growth for protein meals. U.S. soybean exports to China continue to face strong competition from soybean exports from South America. Excessive soybean stocks and a fall in the soybean price in Brazil attributed to the 14.2 MMT of Brazilian soybean exports to China in the first half of MY17/18. This is significantly higher than the 5.2 MMT during the same period in MY16/17. Despite China's net growth of over 2 MMT of soybean imports in the first half of MY17/18, total soybean imports from the United States fell to 24.4 MMT in this period, down from the 31.6 MMT in the previous year. Chinese importers note that Brazilian soybeans have a one percent higher protein content than U.S. soybeans. Importers were previously willing to pay a slightly higher price for soybeans with a higher protein content, but with the drop in the price of Brazilian soybeans, exports are now surging As per official data, Ukraine supplied some 1 MMT of wheat to foreign markets in May 2017/18. This was down 10% from April (1.1 MMT) but up 2% from May 2016/17 (986.8 KMT). In July-May 2017/18, wheat exports totaled 16.3 MMT, or 3% less than in the same period in MY 2016/17. Ukrainian wheat shipments to the European Union and Indonesia grew substantially in the current season. In the period under review, exports to Indonesia increased to 2.1 MMT that was 31% more than in the whole of MY 2016/17.
  • 6. _____________________________________________________________________________________________________________________ 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 30-July-2018 RBI Reference Rate Currency Rate Currency Rate Rupee- $ 68.9300 Yen 62.0900 Euro 80.3100 GBP 90.4000 USD/INR BUY USDINR ABOVE 69.00 TGT 69.30/69.60 SL BELOW 68.70 SELL USDINR BELOW 68.50 TGT 68.20/67.90 SL ABOVE 68.80 GBP/INR BUY GBPINR ABOVE 90.60 TGT 90.90/91.20 SL BELOW 90.30 SELL GBPINR BELOW 89.60 TGT 89.30/89.00 SL ABOVE 89.90 The rupee retreated from early high levels to close down with a modest loss of 2 paise at 68.86 against the US currency on stray dollar demand from importers. The home currency initially reacted positively to the GST Council's decision to cut rates on several items and also tracking broad weakness in the dollar. It touched a high of 68.65 in early trade before slipping back toward the tail-end trade. Consistent unwinding by foreign investors on growing expectations of Fed rate hike kept home currency under pressure, a dealer said. Overall, forex sentiment remained fragile in the face macro challenges coupled with tense trade relations between the US and major economies and expectations that the Federal Reserve will raise interest rates further this year. The Indian rupee had hit its life-time low of 69.13 a dollar last Friday. Oil prices too inched up today after tensions worsened between Iran and the US. The Brent crude rising 66 cents to USD 73.73 per barrel and West Texas Intermediate gaining 27 cents to USD 68.53 per barrel. Foreign investors remained net investors in stock markets as they bought equities worth Rs 259 crore on net basis today. Domestic bourses maintained their bullish momentum for the second-straight session with the flagship BSE Sensex ending at a historic closing high driven by optimistic corporate earnings as well as strong buying from investors. The rupee resumed higher at 68.70 against weekend close of 68.84 at the Interbank Foreign Exchange (forex) market on increased selling of the American currency by exporters and banks. The local currency dropped to a low of 68.87 before settling at 68.86, showing a loss of 2 paise. The Financial Benchmarks India private limited (FBIL), meanwhile, fixed the reference rate for the dollar at 68.7040 and for the euro at 80.5619. The bond market also witnessed fresh selling and the 10-year benchmark yield end at higher at 7.81 per cent. The bond market also witnessed fresh selling and the 10-year benchmark yield end at higher at 7.81 per cent. In the cross currency trade, the rupee continued to lose ground against the pound sterling to finish at 90.50 per pound from 89.80 and dropped against the euro to end at 80.68 as compared to 80.25. It also slumped further against the Japanse yen to close at 62.00 per 100 yens from 61.26 earlier.
  • 7. _____________________________________________________________________________________________________________________ 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 30-July-2018 Date Commodity/ Currency Pairs Contract Strategy Entry Level Target Stop Loss Remark 27/07/18 NCDEX DHANIYA AUG BUY 5050 5100 5200 5000 TGT HIT 27/07/18 NCDEX DHANIYA AUG SELL 4940 4890 4790 4990 NOT EXECUTED 27/07/18 NCDEX GUARGUM5 OCT BUY 8940 9000 9150 8880 TGT HIT 27/07/18 NCDEX GUARGUM5 OCT SELL 8730 8680 8780 8800 NOT EXECUTED 27/07/18 MCX GOLD AUG BUY 30000 30100 30300 29900 NOT EXECUTED 27/07/18 MCX GOLD AUG SELL 29850 29700 29500 29950 OPEN 27/07/18 MCX SILVER SEP BUY 38700 38900 39200 38500 NOT EXECUTED 27/07/18 MCX SILVER SEP SELL 38300 38100 37800 38500 TGT HIT Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 27/07/18 NIFTY FUTURE BUY 11100-11110 11150 -11200 11050 NOT EXECUTED 27/07/18 IGL FUTURE SELL 298-297 294-290 300 SL TRIGGERED 27/07/18 DCBBANK FUTURE BUY 165-166 169-174 163 TGT HIT 27/07/18 ACE CASH SELL 137-136.50 133-127 140 NOT EXECUTED
  • 8. _____________________________________________________________________________________________________________________ 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 30-July-2018 The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal 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 related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. We are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Disclaimer NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS TIME (ET) REPORT PERIOD ACTUAL FORECAST PREVIOUS MONDAY, JULY 23 8:30 am Chicago Fed national activity index June -- -0.15 10 am TUESDAY, JULY 24 TUESDAY, JULY 24 TUESDAY, JULY 24 TUESDAY, JULY 24 TUESDAY, JULY 24 TUESDAY, JULY 24 9:45 am Markit manufacturing PMI flash July -- 55.4 9:45 am WEDNESDA Y, JULY 25 WEDNESDAY, JULY 25 WEDNESD AY, JULY 25 WEDNESDAY, JULY 25 WEDNESDAY, JULY 25 WEDNESDA Y, JULY 25 10 am New home sales June 670,000 689,000 THURSDAY, JULY 26 8:30 am Weekly jobless claims 7/14 215,000 207,000 8:30 am Durable goods orders June 2.9% -0.4% 8:30 am Core capital equipment orders June -- 0.3% 8:30 am Advance trade in goods June -$69.1 bln -$64.8bln 10 am FRIDAY, JULY 27 FRIDAY, JULY 27 FRIDAY, JULY 27 FRIDAY, JULY 27 FRIDAY, JULY 27 FRIDAY, JULY 27 8:30 am Gross domestic product Q2 4.0% 2.0%