The report discusses recent market movements following President Trump's decision to withdraw from the Iran nuclear deal, leading to gains in energy stocks as oil prices stabilized. It highlights fluctuations in Asian markets and provides insights into the performance of Indian stocks, including recommendations for specific trades based on current trends, particularly in the banking and commodities sectors. Additionally, macroeconomic indicators and company earnings are examined, with guidance on future trading strategies.

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
09-May-2018
Global markets at a glance
Wall Street cut losses to end little changed on Tuesday
while energy stocks rallied after US President Donald
Trump said the United States would quit the Iran nuclear
deal, confirming what many investors had expected.
In a televised speech, Trump said the United States would
withdraw from a 2015 international agreement designed to
deny Tehran the ability to build nuclear weapons, and also
reinstate sanctions on Iran.
The S&P energy sector erased earlier losses to end the day
up 0.78 percent as oil prices reduced earlier declines on
bets that the sanctions would disrupt global crude supplies.
Asian shares crept higher on Monday after a tame reading
on US wages lessened the risk of faster rate hikes by the
Federal Reserve, although Sino-US trade tensions and a
looming deadline for the Iranian nuclear deal argued for
caution.
The week ahead also has important readings on the health
of the Chinese economy, and hence global demand, as well
as the latest data on US consumer price inflation.The early
action was limited with MSCI’s broadest index of Asia-
Pacific shares outside Japan up 0.2 percent.
Japan's Nikkei was flat, while Australian stocks added 0.3
percent. E-Mini futures for the S&P 500 also inched up 0.2
percent.
Previous day Roundup
The index closed in green with gains of 2 points but it
formed a bearish candlestick pattern which suggests
momentum seems to be fading. For bulls to take complete
control of D-Street, a close above 10,785 is required else
we could consolidate in a narrow range.
The Nifty opened at 10,757.90 rose marginally to an
intraday high of 10,758.55. It slipped towards its crucial 5-
days exponential moving average (DEMA) where it took
support at 10,691 before bouncing back above 10,700 to
close at 10,717.80.
India VIX moved up by 2.14 percent at 14.05. On the
options front, maximum Put OI is placed at 10,500 followed
by 10,600 strikes while maximum Call OI is placed at 11,000
followed by 10,800 strikes.
Index stats
The Market was very volatile in last session. The sartorial in
dices performed as follow; Commodities[9.80],
Consumption[-15.00pts],PSE[25.60pts],CPSE[5.80
pts],Energy[17.50pts],FMCG[ -31.35pts],Auto[-
52.40pts],Pharma[-21.15pts],IT[-45.25pts],Metal[-
6.85pts],Realty[3.70 pts], Fin Serv sector[ 50.95 pts].
World Indices
Index Value % Change
DJI 24,360.21 0.01
S&P500 2,670.00 0.22
NASDAQ 7,266.90 0.22
FTSE100 7,565.75 -0.02
NIKKEI 22,428.14 -0.36
HANG SENG 30,533.81 0.34
Top Gainers
Company CMP Change % Chg
ICICI Bank 309.30 19.50 6.73
HPCL 307.00 10.00 3.37
Eicher Motors 30,427.05 660.20 2.22
BPCL 392.60 6.80 1.76
Power Grid Corp 212.75 3.45 1.65
Top Losers
Company CMP Change % Chg
M&M 865.30 -20.30 -2.29
Idea Cellular 61.15 -1.25 -2.00
Larsen 1,364.90 -24.25 -1.75
Infosys 1,165.55 -17.45 -1.48
Bajaj Finance 1,868.40 -27.05 -1.43
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
5PAISA 486.85 -6.55 -1.35
AHLUCONT 425.1 -2.6 -0.61
ASHOKLEY 165.35 0 0
ASTERDM 178.75 7.9 4.42
ASTRAL 960 10 1.04
BOMDYEING 310.25 3.45 1.11
CUB 186.05 3.1 1.67
ARVSMART
Indian Indices
Company CMP Change % Chg
NIFTY 10717.80 2.30 0.02
SENSEX 35216.32 8.18 0.02
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
A2ZINFRA 25.6 -0.55 -2.15
ADHUNIK 3.35 0 0
ADROITINFO 30.15 -0.85 -2.82

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Special Report
09-May-2018
STOCK RECOMMENDATION [CASH]
NIITECH [CASH]
The particular script has rebounded from its support level
of 1006 and closed with a good volume since it has clsoed
above its previous day spinning top candle so we can
remark a good bullish sign so we advice you to BUY
NIITECH 1066 TGT 1076-1086 SL BELOW 1057.
MACRO NEW
 Trends on SGX Nifty indicate a flat to positive opening
for the broader index in India, a rise of 10.5 points or
0.1 percent. Nifty futures were trading around 10,756-
level on the Singaporean Exchange.
 ICICI Bank reported 49.6 percent year-on-year drop in
net profit at Rs 1,020 crore for the fourth quarter
ending March 2018. Net profit for Q4FY17 was Rs
2,024.60 crore. The results were in line with estimates.
A Reuters poll had estimated net profit at Rs 955.7
crore.NII or net interest income inched up marginally
to Rs 6,021.67 crore in the quarter from Rs 5,962 crore
a year ago.
 Oil prices retreated from three-and-a-half-year highs
on Tuesday as investors waited on an announcement
by President Donald Trump on whether the United
States will reimpose sanctions on Iran.US West Texas
Intermediate crude futures fell 63 cents, or 0.9
percent, to USD 70.10 a barrel. Brent crude futures
were down 53 cents, or 0.7 percent, at USD 75.64,
having jumped 1.7 percent to settle at USD 76.17 a
barrel in the previous session.
 BlackRock, the US-based investment management firm
is in the final stage of talks with DSP to exit the mutual
fund joint venture--DSP BlackRock Investment
Managers--and the announcement is likely to be made
shortly, sources told Moneycontrol. DSP BlackRock
Investment Managers is a 40:60 joint venture between
BlackRock and DSP Group. As of March 31, 2018, DSP
BlackRock Investment Managers managed assets
worth Rs 86,325 crore, with a 50:50 mix of equity and
debt.
RECOMMENDATIONS [FUTURE]
1.BPCL [FUTURE ]
The particular script has rebounded from its support level of
374 and can break its crucial resistance level of 397.50 ,now
it has closed with a good volume so today we can witness a
good breakout since its making double bottom price
pattern , so buy on high would be a good opportunity to
trade. Here we recommend you to buy BPCL FUTURE
around 397.9-398.5 tgt 404-410 sl below 392.50.
2.JETAIRWAYS [FUTURE]
This particular counter is continuosly maitaining its
downtrend , below 507 there is no support level so sell on
low wowuld be a good startegy to follow so we recommend
to sell PRABHAT BELOW 507 TGT 500-490 SL ABOVE 512.

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
09-May-2018
MOST ACTIVE CALL OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
BANKNIFTY CE 26,000 107.85 3,01,116 4,61,600
BANKNIFTY CE 26,100 65 2,86,569 4,25,320
BANKNIFTY CE 26,200 36.8 2,83,342 5,23,880
ICICIBANK CE 320 5.65 12,474 40,15,000
ICICIBANK CE 310 9.3 11,039 39,98,500
ICICIBANK CE 330 3.3 8,368 29,45,250
JUBLFOOD CE 2,700 59 7,156 2,90,250
JUBLFOOD CE 2,800 38.5 6,292 2,87,500
MOST ACTIVE PUT OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
BANKNIFTY PE 25,400 8.2 1,47,984 3,64,680
NIFTY PE 10,700 125 91,008 24,04,500
BANKNIFTY PE 25,300 5.6 86,328 2,30,560
ICICIBANK PE 300 7.7 8,061 46,72,250
ICICIBANK PE 290 4.8 7,710 71,58,250
ICICIBANK PE 280 3.05 7,654 96,47,000
PCJEWELLER PE 200 34.05 6,671 13,44,000
PCJEWELLER PE 150 15 6,335 11,26,500
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 20521 1796.97 22245 1891.42 173858 14815.72 -94.4483
INDEX OPTIONS 486934 46278.88 476996 45399.76 773899 64410.71 879.1268
STOCK FUTURES 144692 9646.74 138935 9185.97 1167044 82140.76 460.7667
STOCK OPTIONS 93238 6551.54 90991 6415.33 103976 7452.26 136.2056
1381.6508
STOCKS IN NEWS
 Tata Motors sells 53,511 units in April 2018 against
28,844 units April 2017
 Eicher Motors total motorcycle April sales up 26.7%
at 76,187 units versus 60,142 units
NIFTY FUTURE
The index closed in green with gains of 2 points but it
formed a bearish candlestick pattern which suggests
momentum seems to be fading. For bulls to take
complete control of D-Street, a close above 10,785 is
required else we could consolidate in a narrow range.
The Nifty opened at 10,757.90 rose marginally to an
intraday high of 10,758.55. It slipped towards its crucial 5
-days exponential moving average (DEMA) where it took
support at 10,691 before bouncing back above 10,700 to
close at 10,717.80.so we advice to BUY NIFTY FUTURE
AROUND 10753-10755 TGT 10800-10850 SL above
10710.
INDICES R2 R1 PIVOT S1 S2
NIFTY 10790.00 10753.00 10721.00 10684.00 10652.00
BANKNIFTY 26215.00 26152.00 26053.00 25990.00 25891.00

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
09-May-2018
COMMODITY ROUNDUP
MCX Aluminium futures extended their losses yesterday as
the global price action remained tepid. The local futures
crashed under Rs 150 per kg and closed down 3% at Rs
146.35 per kg. The US has indicated it could ease sanctions
against Russian aluminium producer Rusal that have sent
global Aluminium price soaring to seven year top, leading a
crash of nearly 10% near $2200 per tonne in the metal
prices on LME on Monday. The US Treasury said if billionaire
Oleg Deripaska sold his stake in the company, the world's
second-largest aluminium producer by output, it could cut
or lift the sanctions. It also extended the time limit for US
and non-US citizens to wind up business with the company
by almost five months, to October 23. Since the sanctions
against Rusal were introduced on April 6, global Aluminium
prices have risen by as much as a third as the metal makes
6% of the world's supply of the metal. LME Aluminium
stayed under pressure yesterday too and stayed near the
recent lows. At 429.7 million barrels, US crude oil
inventories are in the lower half of the average range for
this time of the year. Total products supplied over the past
four-week period averaged over 20.4 million barrels per
day, up by 4.3% from the same period last year. Over the
past four weeks, motor gasoline product supplied averaged
9.4 million barrels per day, up 1.3% from the same period
last year.
Crude oil futures stayed mixed after testing near one week
low as steady buying emerged on strength in stock markets
thereafter. MCX Crude oil futures closed around Rs 4550
per kg levels. US crude oil inventories increased last week
ending April 20, and the refining sector fell 328,000 barrels
per day from the previous week's average, the US Energy
Information Administration (EIA) said in a report. According
to the Weekly Petroleum Status Report, US commercial
crude oil inventories, excluding those in the Strategic
Petroleum Reserve, of the week ending April 20 increased
by 2.2 million barrels from the previous week. At 429.7
million barrels, US crude oil inventories are in the lower half
of the average range for this time of the year.
COMEX Gold futures slipped to a five week low on strength
in US stocks and sound economic data. DOW jumped above
24000 mark on strong quarterly results from some of the
biggest US companies and Gold stayed slippery, falling
under $1320 levels. MCX Gold futures extended losses too
and closed just above at Rs 31200 per 10 grams mark. The
Indian Rupee edged up a bit back after testing its 14 month
low last week and a further rally in the INR could cap local
Gold in coming days.
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
BUY GOLD JUN FUT AROUND 31295-31300 TGT 31350-31400 SL
BELOW 31255
SELL GOLD JUN FUT AROUND 31200-31190 TGT 31150-31100 SL
ABOVE 31250
SILVER
TRADING STRATEGY:
BUY SILVER JUL FUT ABOVE 40005 TGT 40050-40100 SL BELOW
39960
SELL SILVER JUL FUT AROUND 39850-39840 TGT 39800-39750 SL
ABOVE 39900

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Special Report
09-May-2018
NCDEX INDICES
Index Value % Change
Barley 1436.5 -0.03
Castor Seed 4053 1.91
Chana 3542 0.23
Coriander 4730 -1.05
Cotton Seed Oilcake 1316 2.61
Guar Seed 10 MT 3707 -1.84
Jeera 15675 -0.22
Mustardseed 3850 -0.49
Soy Bean 3660 -0.05
Turmeric 7438 -2.13
RECOMMENDATIONS
GUARGUM5
BUY GUARGUM MAY FUT ABOVE 8230 tgt 8250-8270 SL
BELOW 8210
SELL GUARGUM5 MAY FUT BELOW 8030 tgt 8010/7990 SL
ABOVE 8050
DHANIYA
BUY DHANIYA MAY FUT ABOVE 4730 TGT 4760-4780 SL
BELOW 4700
SELL DHANIYA MAY BELOW 4640 TARGET 4610-4580 SL
ABOVE 4670
The dollar held steady just below its strongest level since
mid-January on Monday, leaving the euro pinned near
three-month lows, as a pullback in US treasury yields kept a
lid on the US currency's recent rally.
Traders are readying for German inflation data and
consumer spending numbers due out of the US later to see
whether the dollar can continue a run of gains that has
encouraged some analysts to predict the currency, which
has weakened for most of the past year, can strengthen
further.
The 10-year US Treasury yield surpassed 3 per cent last
week, encouraging investors to buy the dollar and cut their
euro exposure. Positioning data shows that net long euro
positions by speculators fell last week, albeit it from a multi-
year high, suggesting investors remain bullish on the single
currency.
"With US yields meandering around the 3 per cent market,
in the near term the dollar can definitely rise further," said
Alvin Tan, FX strategist at Societe Generale. "That said, we
think longer term the euro can move higher."
The dollar's index against a basket of six major currencies
rose 0.1 per cent to 91.652, down from Friday's high of
91.986, its strongest level since Jan. 11.
The single currency dropped 0.1 per cent to $1.2114, not
far from its lows last week of $1.2110.
The euro enjoyed a strong rally at the start of this year but
doubts over the speed at which the European Central Bank
will normalise monetary policy and some signs the region's
economic rebound has peaked left the currency stuck in a
trading range before the dollar's recent bounce.
The dollar index had risen more than 1.3 per cent last week
for its biggest weekly gain in over two months.

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
09-May-2018
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 67.0809 Yen 61.5600
Euro 80.0074 GBP 91.1361
USD/INR
BUY USD/INR AROUND 67.40 TGT 67.60-67.80 SL 67.20
SELL USD/INR BELOW 67.10 TGT 66.80-66.50 SL 67.40
GBP/INR
BUY GBP/INR ABOVE 91.50 TGT 91.80-92.00 SL 91.20
SELL GBP/INR BELOW 90.30 TGT 90.00-89.70 SL 90.60
The US dollar rallied to a four-month high on Monday as
the 10-year Treasury yield’s climb toward the
psychologically important 3 percent level spurred buying of
the greenback, leaving the euro and yen lower. The 10-
year yield hit its highest in over four years at 2.998
percent, driven by worries about the growing supply of
government debt and accelerating inflation as oil and
commodity prices climb. The rupee made a muted start on
Friday morning with a loss of 8 paise at 66.83 against the
dollar.
Overall, sentiment remained subdued due to a gradual
increase in crude oil prices, stirring up more concerns over
a widening trade deficit.
The domestic currency on Thursday recovered mildly and
closed at 66.75. The rupee on wednesday nosedived 52
paise to hit a 14-month low of 66.90 against the US dollar,
the third biggest single-day fall for the domestic currency
this year, amid surging crude prices coupled with
headwinds on the macro-economic front in form of
widening trade deficit. This was the lowest closing for the
rupee since February 22, 2017.
The dollar held steady against a basket of currencies on
Monday, having pulled back from a 3-1/2-month high set
late last week, pressured by a decline in the benchmark US
10-year Treasury yield. The dollar’s index against a basket
of six major currencies stood at 91.519, steady on the day
but down from Friday’s high of 91.986.The US 10-year yield
has since come off that peak and fell 3 basis points on
Friday to 2.957 percent, down from a four-year high of
3.035 percent struck on Wednesday.

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
09-May-2018
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NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS
TIME (ET) REPORT PERIOD ACTUAL FORECAST PREVIOUS
MONDAY, MAY 7
3 pm Consumer credit March -- $11 bln
TUESDAY, MAY 8
6 an NFIB small business index April -- 104.7
10 am Job openings March -- 6.1 mln
WEDNESDAY, MAY 9
8:30 am Producer price index April 0.3% 0.3%
10 am Wholesale inventories March -- 1.0%
THURSDAY, MAY 10
8.30 am Weekly jobless claims 5/5 221,000 211,000
8L30 am Consumer price index April 0.3% -0.1%
8:30 am Core CPI April 0.2% 0.2%
2 pm Federal budget April -- $182bln
FRIDAY, MAY 11
8:30 am Import price index April -- 0.0%
10 am Consumer sentiment May 98.8 98.8