Special report by epic research of 25 september 2017.pdf

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Please refer to disclaimer Epic Research Ltd www.epicresearch.co
Special Report
25 Sep-2017
Global markets at a glance
The Dow Jones Industrial Average fell 53.36 points, or 0.24
percent, to 22,359.23, the S&P 500 lost 7.64 points, or 0.30
percent, to 2,500.6 and the Nasdaq Composite dropped
33.35 points, or 0.52 percent, to 6,422.69.US stock indexes
slipped on Thursday as investors braced for a third interest
rate hike this year and the United States ordered new sanc-
tions against North Korea.The S&P and the Dow snapped a
run of record closing highs and Apple was the biggest drag
on the three major indexes with a 1.7 percent drop on wor-
ries about demand for its latest smartphone.
Investors increased bets the US Federal Reserve would
raise rates again this year after the central bank's state-
ment on Wednesday and were also assessing its decision to
start reducing its roughly USD 4.2 trillion in US Treasury
bonds and mortgage-backed securities.Japan's Nikkei 225
rose 0.59 percent in early trade as automakers and most
financials notched gains. Across the Korean Strait, the Kospi
edged up 0.07 percent to break a four-day losing streak.
Asian stocks slipped on Friday but showed signs steadying
as the dust began to settle after the Federal Reserve's
hawkish policy statement, while investors looked to see
how Chinese financial markets would react to a downgrade
on the nation's credit rating.MSCI's broadest index of Asia-
Pacific shares outside Japan handed back earlier gains and
was down 0.1 percent after falling 0.7 percent the previous
day.
The index had risen to a decade high on Tuesday, lifted as
Wall Street advanced to record highs, before moving off
that peak after the Fed heightened expectations for a third
interest rate hike this year.Japan's Nikkei slipped 0.15 per-
cent, Australian stocks advanced 0.1 percent and South
Korea's KOSPI fell 0.7 percent.
Previous day Roundup
The Nifty which made a high of 10,178.95 earlier in the
week failed to keep the momentum going and slipped be-
low its crucial support level of 10,000 which was apparently
stop loss of most traders for all long positions, suggest
technical experts.Indian market broke below key support
levels in four trading sessions weighed down by geopolitical
concerns and currency woes.
Index stats
The Market was very volatile in last session. The sartorial in
dices performed as follow; Consumer Durables [down
347.64 pts.], Capital Goods [down 603.52 pts], PSU [down
177.15 pts], FMCG [down 107.02 pts], Realty[down
92.78pts],Power[down50.40pts],Auto
[down290.78pts],Healthcare[down289.72pts],IT
[down71.14pts],Metal[down554.26pts],TECK
[down48.13 pts], Oil& Gas [down 298.22pts].
World Indices
Index Value % Change
DJI 22,317.50 -0.20
S&P500 2,494.75 -0.26
NASDAQ 6,426.92 0.07
FTSE100 7310.64 0.64
NIKKEI 20,296.45 -0.25
HANG SENG 27,880.53 -0.82
Top Gainers
Company CMP Change % Chg
HCL Tech 884.45 14.15 1.63
Wipro 294.45 2.55 0.87
Bharti Infratel 390.00 2.35 0.61
Tatamotors 415 1.35 0.33
Top Losers
Hindalco 230.90 -13.65 -5.58
Tata Steel 654.00 -33.10 -4.82
Vedanta 307.90 -14.65 -4.54
Yes Bank 360.65 -16.40 -4.35
UltraTechCement 3,999.60 -166.45 -4.00
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
AIFL 477.85 13.3 2.78
ANIKINDS 59.9 0.6 1
BHAGYANGR 34.8 -2.1 -6.03
BOMDYEING 212.9 -10.6 -4.98
CALSOFT 15.55 0.75 4.82
CINEVISTA 17.25 0.5 2.9
GENESYS 278.55 18.85 6.77
Indian Indices
NIFTY 9964.40 -157.50 -1.56
SENSEX 31922.44 -447.60 -1.38
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
ADHUNIKIND 98.85 -19.75 -19.98
ADVENZYMES 261.8 -2.8 -1.07
APOLLOHOSP 1061.15 -29.15 -2.75

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Special Report
25 Sep-2017
STOCK RECOMMENDATION [CASH]
COSMOFILMS [CASH]
From the daily chart its Clear that this stocks is continuous-
ly getting rejection from its resitance level of 410 a huge
selling pressure can be found in this stock due to which it
is making any intraday breakout currently it has a crucial
support level below around 382 if it trades below an hour
trading session then freefall can be found so we advice to
SELL CONSMOFLIMS BELOW 382 TGT 377-372 SL ABOVE
387.
MACRO NEW
 The Nifty50 futures on the Singapore Stock Exchange
were trading 5 points lower at 9,979, indicating a flat
opening for the domestic market.
 Construction company Capacit'e Infraprojects will
make a debut on exchanges on September 25. The
issue price is fixed at Rs 250 per share.
 Given the overwhelming response to the issue, the
grey market premium suggests the listing could be
with a premium of more than Rs 125-130 per share.
The Rs 400-crore initial public offering of Capacit'e has
oversubscribed 183.03 times.
 Regulator Sebi has lifted trading ban on 14 entities
which were alleged to have misused the stock market
platform for money laundering and tax evasion as it
did not find any "adverse evidence" against them.The
regulator's order came in the case related to Kama-
lakshi Finance Corporation LtdBSE -4.53 % (KFCL)
wherein various entities were prima-facie found to
have artificially inflated the company's share prices to
make illegal gains.So far this month, the watchdog has
revoked trading restrictions imposed on more than
750 entities in different cases to related to making fic-
titious long term capital gains.
RECOMMENDATIONS [FUTURE]
1.BAJFINANCE [FUTURE ]
Looking at the daily chart of BAJFINANCE FUTURE its c lear
that its facing a huge selling pressure on its uper level of
around 1900 on the lower level there are two support levels
ie., 1835 and 1775. After consolidating for a week it has giv-
en a breakout after making a pennant if it breaks the level
of 1835 and holds below it then it will move towards 1814
level, on the 1800 level there is maximum open interest on
put side. So we recommend to SELL BAJFINANCE BELOW
1835 TGT 1814-1800 SL ABOVE 1855.
2.MOTHERSUMI [FUTURE]
From the Daily chart its clear that this stock is continuosly
reversing from its support level around 334 which is acting
as a level from were rejections can be found on hourly chart
also it has closed just above its support level and sustaining
above it and if it gets a little positive trends from market
then its impact would be postive so we advice to BUY
MOTHERSUMI FUTURE AROUND 332-335 TGT 340-345 SL
BELOW 328.

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Special Report
25 Sep-2017
MOST ACTIVE CALL OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 10,100 18.65 5,56,032 56,44,425
NIFTY CE 10,200 6.15 4,67,904 64,43,775
NIFTY CE 10,000 51 3,12,574 41,55,750
TATAMOTORS CE 420 4.45 8,105 28,95,000
RELIANCE CE 840 4.1 5,621 12,35,000
SBIN CE 270 1.15 5,547 45,24,000
SBIN CE 275 0.55 5,498 49,17,000
SBIN CE 280 0.35 5,287 90,18,000
MOST ACTIVE PUT OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY PE 10,000 74.10 38,83,200 38,83,200
BANKNIFTY PE 24,000 75 1,63,403 17,13,440
RELIANCE PE 820 12.65 4,950 22,99,000
TATAMOTORS PE 410 4.7 3,399 6,40,500
TATASTEEL PE 660 10.5 2,780 10,52,000
RELIANCE PE 810 7.9 2,610 4,43,000
MARUTI PE 8,000 55.7 2,597 62,400
SBIN PE 260 2.1 2,364 22,56,000
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 26658 2220.32 32235 2595.88 277971 21831.58 -375.5547
INDEX OPTIONS 939602 81770.42 941440 81464.59 1103097 87232.12 305.8296
STOCK FUTURES 119770 8636.55 118373 8739.11 843005 60213.16 -102.5674
STOCK OPTIONS 107583 8477.77 107194 8480.17 107796 8160.23 -2.4067
-174.6992
STOCKS IN NEWS
 Zydus receives final approval from the USFDA for
Amlodipine and Olmesartan Medoxomil Tablet
 GSK has selected Oberoi Realty as the successful bid-
der for the land measuring approximately 60 acres
located at Thane, Maharashtra, for a consideration
of Rs 555 crore
NIFTY FUTURE
If the Nifty holds below 10,000, 9928 will be the next
crucial support for the index.For NIFTY Future its
9920.On the options front, Nifty is currently consoli-
dating below its highest Call base of 10200 strike. Maxi-
mum Call open interest is seen at 10,200 with 70 lakh
contracts in open interest.Maximum Put Open Interest
(OI) was seen at strike prices 10,000 which holds 50 lakh
contracts in open interest, followed by 9900 strike which
has 49 lakh contracts . So we recommend to SELL in any
INDICES R2 R1 PIVOT S1 S2
NIFTY 10146.00 10055.00 10003.00 9912.30 9860.60
BANKNIFTY 24841.00 24604.00 24472.00 24235.00 24103.00

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Special Report
25 Sep-2017
COMMODITY ROUNDUP
Gold and silver edged higher in morning trade on Tuesday
ahead of a two-day Federal Reserve meeting that kicks off
later in the day.
Gold prices recovered by Rs 350 to Rs 30,850 per 10 grams
at the bullion market today, taking positive cues from the
global market amid rupee falling to five-month low and in-
creased buying by local jewellers.
Silver too recovered by Rs 400 to Rs 40,700 per kg on in-
creased offtake by industrial units and coin makers.
Bullion traders said a firm trend overseas, where gold re-
bounded from a four-week low on renewed geopolitical
tensions after North Korea threatened to conduct another
hydrogen bomb test prompted investors to seek out the
safe- haven asset, influenced the precious metal.
In the national capital, gold of 99.9 per cent and 99.5 per
cent purity rebounded by Rs 350 each to Rs 30,850 and Rs
30,700 per 10 grams, respectively. The metal had lost Rs
250 yesterday. Sovereign, however, pegged unchanged at
Rs 24,700 per piece of eight grams in limited deals.
Silver ready bounced back by Rs 400 to Rs 40,700 per kg and
weekly-based delivery by Rs 265 to Rs 39,930 per kg. Its
coins, however, continued to be traded at previous levels of
Rs 74,000 for buying and Rs 75,000 for selling of 100 pieces.
US President Donald Trump ordered new sanctions against
North Korea on Thursday and Pyongyang's leader defiantly
vowed to persist with its nuclear and missile programmes
and said it would consider measures against the United
States. On Friday, North Korea's Kim Jong Un said in a rare
statement the country will consider the "highest level of
hard-line countermeasure in history" against the US in re-
sponse to Trump's threat to "totally destroy" the North.
Oil prices were narrowly higher on Friday as the market
waited to see whether major oil producers would back an
extension to output cuts beyond March at a meeting in Vi-
enna. Brent crude futures were at $56.51 a barrel at 0725
GMT, up 6 cents, or 0.11 per cent, from their last close. US
West Texas Intermediate (WTI) crude futures were up 10
cents, or 0.2 per cent, at $50.65 per barrel.
Some ministers from the Organization of the Petroleum Ex-
porting Countries and from other producers are set to meet
in Vienna at 0900 GMT on Friday to discuss a possible ex-
tension of an oil supply cut deal that is aimed at supporting
oil prices.
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
BUY GOLD OCT ABOVE 29650 TGT 29700 29800 SL BELOW
29550
SELL GOLD OCT BELOW 29550 TGT 29500 29400 SL ABOVE
29650
SILVER
TRADING STRATEGY:
BUY SILVER DEC ABOVE 39800 TGT 40050 40200 SL BELOW
39600
SELL SILVER DEC BELOW 39600 TGT 39450 39300 SL ABOVE
39800

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Special Report
25 Sep-2017
NCDEX INDICES
Index Value % Change
BARLEY 1437.5 -1.81
CASTOR SEEDS 4622 -0.39
CORIANDER 4667 -2.24
COTTON SEED 1482 0
GUAR SEED 3743 -0.13
JEERA 19630 -0.13
MUSTARDSEED 3744 0
SOYA BEAN 3135 1.16
TURMERIC 7370 -0.3
WHEAT 1634 -0.37
RECOMMENDATIONS
DHANIYA
BUY CORIANDER OCT ABOVE 4800 TGT 4830 4870 4920 SL
BELOW 4750
SELL CORIANDER OCT BELOW 4750 TGT 4720 4680 4630 SL
ABOVE 4800
GUARGUM
BUY GUARGUM5 OCT ABOVE 7990 TGT 8020 8060 8110 SL
BELOW 7940
SELL GUARGUM5 OCT BELOW 7870 TGT 7840 7800 7750 SL
ABOVE 7920
As per the latest update from Solvent Extractors' Assoi-
cation of India, this year, the rain fall is erratic particularly in
Central part of India viz Eastern Maharashtra and Madhya
Pradesh, the major soyabean growing belts.
The over all monsoon across the country is 95% of the nor-
mal and expected heavy shower in the coming week. But
the acreage under kharif oilseed crop is disappointing as
farmers have moved from oilseeds to other crops. The acre-
age as on 14.9.2017 reported 172.0 lakh hectares against
last year 188.63 lakh hectare, down by nearly 16.6 lakh hec-
tares; mainly in soybean down by 9.0 lakh hectares and
groundnut down by 5.4 lakh hectares. Much of the reduc-
tion in oilseed acreage has been taken by cotton and sugar.
In view the reduction in acreage, the soybean production is
likely down to 90 (105) lakh tonnes and groundnut 50 (55)
lakh tonnes.
Heavy stockiest selling was seen in chana market due to
fresh supplies of kharif pulses at local mandies along with
anticipation of strong chana sowing acreage in the current
year. The sources stated the physical demand of other puls-
es such as Urad and Moong has reduced chana's prices at
Delhi mandi. The spot prices reduced by Rs 150 per quintal
at Delhi mandi to settle at Rs 6050 per quintal. Moreover,
possibility of strong chana sowing acreage in the coming
rabi season has also impacted the trader's buying at higher
levels. The NCDEX October futures settled down by 3.19
percent to close at Rs 5729 per quintal. tonnes compared to
last years’ 1,247tonnes.
During the current week, cardamom, crude palm oil, jeera
and chana traded on a positive note while guar complex,
cotton and coriander traded lower.
The exports of cardamom during the first quarter of FY
2017/18 increase by 12.5% to 1,403 tonnes compared to
last years’ 1,247 tonnes.

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Special Report
25 Sep-2017
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 64.9596 Yen 57.9900
Euro 77.7566 GBP 88.306
GBP/INR
BUY GBP/INR ABOVE 87.90 TGT 88.00-88.10 SL 87.80
SELL GBP/INR BELOW 87.00 TGT 86.90-86.80 SL 87.10
EUR/INR
BUY EUR/INR BELOW 78.00 TGT 78.10-78.20 SL 77.90
SELL EUR/INR BELOW 77.50 TGT 77.40-77.30 SL 77.60
Rupee on Friday hit 65 level against the US dollar for the
first time in more than five months amid geopolitical con-
cerns and fears that the US Federal Reserve left the door
open for an interest rate hike by December end. Domestic
currency was trading 26 paise down at 65.07 against dollar
in early trade. The rupee on Thursday plunged by a whop-
ping 54 paise to end at 64.81 a dollar.
Speculation about the government going in for a fiscal defi-
cit relaxation led to a fall in the rupee and an increase in
bond yields, with talk of a Rs 40,000-50,000 crore stimulus.
Government bonds slumped to a near four-month low, as
reports that government may sharply step up spending this
financial year sparked concerns about wider fiscal deficit.
The GoI benchmark 6.79% 2027 bond yield increased to
6.68 per cent from 6.58 per cent in the previous session.
The dollar buckled against the yen on Friday as tensions
simmered on the Korean peninsula, though the sharp di-
vergence between US and Japanese monetary policy kept
the greenback on track for a winning week against the yen.
North Korea said on Friday it might test a hydrogen bomb
over the Pacific Ocean after US President Donald Trump
said he would destroy the country if it threatened the Unit-
ed States or its allies.
Adding to investors' risk-aversion was S&P Global Ratings'
downgrade to China's sovereign credit rating. On Friday,
the ratings agency said the country's attempts to reduce
risks from its rapid buildup in debt are not working as
quickly as expected and credit growth is still too fast.
The dollar dropped as much as 0.8 per cent to 111.65 yen ,
before recovering to trade down around half a per cent on
the day at 111.96 yen in early London trade.
The yen tends to benefit during times of crisis due to
Japan's net creditor nation status, and the expectation that
Japanese investors would repatriate assets.
China's yuan firmed against the US dollar on Friday as the
greenback pared gains made following the Federal Re-
serve's hawkish policy statement and as investors took the
latest Chinese sovereign rating downgrade in their stride.
However, the Chinese currency remains on course for its
second weekly loss. It has lost more than 1,500 pips from a
21-month peak hit on Aug. 8 as a rallying yuan forced au-
thorities to put a brake on its rise and relax some re-
strictions on capital outflows.

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Special Report
25 Sep-2017
Date
Commodity/ Cur-
rency Pairs
Contract Strategy Entry Level Target
Stop
Loss
Remark
22/09/17 NCDEX DHANIYA OCT. BUY 4800 4830 4870 4750 NOT EXECUTED
22/09/17 NCDEX DHANIYA OCT. SELL 4700 4670-4630 4750 TARGET HIT
22/09/17 NCDEX GUARGUM OCT. BUY 7700 7770 7820 7650 TARGET HIT
22/09/17 NCDEX GUARGUM OCT. SELL 7550 7520 7480 7600 NOT EXECUTED
22/09/17 MCX GOLD OCT. BUY 29700 29750 29850 29650 NOT EXECUTED
22/09/17 MCX GOLD OCT. SELL 29550 29500 29400 29600 NOT EXECUTED
22/09/17 MCX SILVER SEP. BUY 40200 40400 40700 40000 NOT EXECUTED
22/09/17 MCX SILVER SEP. SELL 39800 39600 39300 40000 TARGET HIT
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
22/09/17 NIFTY FUTURE BUY 10140 10150 10170 11000 10000 SL TRIGGERED
22/09/17 TVS MOTORS FUTURE SELL 664-662 658-650 670 NOT EXECUTED
22/09/17 EXIDIND FUTURE BUY 218 220 225-230 213 SL TRIGGERED
22/09/17 CONSMOFLIM CASH SELL 410-412 403-394 417 NOT EXECUTED

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Special Report
25 Sep-2017
NEXT WEEK'S U.S. ECONOMIC REPORTS
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Disclaimer
TIME REPORT PERIOD ACTUAL
CONSENSUS
FORECAST
PREVIOUS
MONDAY, SEPT. 11
None scheduled
TUESDAY, SEPT. 12
6 am NFIB small-business index Aug. -- 105.2
10 am
WEDNES-
DAY, SEPT.
13
8:30 AM Producer price index Aug. 0.30% -0.10%
2 pm Federal budget Aug. -- -$107bln
THURSDAY, SEPT. 14
8:30 AM Weekly jobless claims 9-Sep 300,000 298,000
8:30 AM Consumer price index Aug. 0.30% 0.10%
8:30 AM
FRIDAY,
SEPT. 15
FRIDAY, SEPT. 15
FRIDAY,
SEPT. 15
FRIDAY, SEPT. 15
FRIDAY, SEPT.
15
FRIDAY,
SEPT. 15
8:30 AM Retail sales Aug. 0.10% 0.60%

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