Epic Research provides a special report in different segments which is specially prepared by our highly qualified research team. Our daily reports help investors to stay updated with the market news.

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
28 Sep-2017
Global markets at a glance
The Dow Jones Industrial Average rose 56.39 points, or
0.25 percent, to 22,340.71, the S&P 500 gained 10.2 points,
or 0.41 percent, to 2,507.04 and the Nasdaq Composite
added 73.10 points, or 1.15 percent, to 6,453.26. US stocks
rose on Wednesday as gains in financial shares were pow-
ered by growing expectations for a December interest rate
hike and on hopes President Donald Trump's administra-
tion may be making progress on a tax plan. New orders for
US-made capital goods increased more than expected in
August and shipments maintained their upward trend,
pointing to underlying strength in the economy. The data,
coupled with comments from Fed Chair Janet Yellen on
Tuesday boosted anticipation the Federal Reserve would
raise US interest rates in December, lifting yields on US
Treasuries, which in turn pushed financials up 1.3 percent.
"With rates going up, that is why banks move. If rates go up
and are sustainable they can start to make some money,"
said Thomas Martin, senior portfolio manager at GLOBALT
Investments in Atlanta, Georgia. Trump proposed the big-
gest tax overhaul in three decades but offered scant details
about how to pay for the cuts without dramatically driving
up federal deficits. If passed, the plan would be Trump's
first significant legislative win since taking office in January.
Previous day Roundup
Tracking flat trends from SGX Nifty as well as positive cues
from the global markets, the D-Street could witness a
mildly green start to the session. But, investors could also
be cautious as Thursday is also the F&O expiry day and
volatility is likely as traders would roll over their positions
in the derivatives market.
The 50-share NSE Nifty, which opened with a slight gap on
the upside, pared gains on Wednesday as bears took con-
trol of D-Street and pushed the index towards its 100-day
exponential moving average (DEMA) placed at 9,731 level
ahead of expiry of September derivative contracts on
Thursday. The index made a ‘Bearish Belt Hold’ pattern on
daily charts.
Index stats
The Market was very volatile in last session. The sartorial in
dices performed as follow; Consumer Durables [down
132.19 pts.], Capital Goods [down 8.11 pts], PSU [down
34.37 pts], FMCG [up 59.92 pts], Realty [up
8 . 5 2 p t s ] , P o w e r [ u p 2 . 2 7 p t s ] , A u t o
[down55.03pts],Healthcare[down0.78pts],IT[up
2 . 1 9 p t s ] , M e t a l [ u p 5 8 . 1 3 p t s ] , T E C K
[down5.26 pts], Oil& Gas [down 212.99pts].
World Indices
Index Value % Change
DJI 22,260.00 -0.11
S&P500 2,496.00 0.11
NASDAQ 6,380.16 0.15
FTSE100 7,293.31 0.1
NIKKEI 20,267.05 -0.31
HANG SENG 27,642.43 0.47
Top Gainers
Company CMP Change % Chg
Bharti Infratel 382.65 6.25 1.66
TCS 2,495.00 20.35 0.82
Tech Mahindra 449.95 2.6 0.58
Ambuja Cements 262.4 1.1 0.42
GAIL 399.75 0.95 0.24
Top Losers
Company CMP Change % Chg
Adani Ports 372.55 -18 -4.61
SBI 250.4 -7.85 -3.04
UltraTechCement 3,798.50 -116.15 -2.97
Bank of Baroda 138.5 -4.15 -2.91
Dr Reddys Labs 2,304.70 -66.05 -2.79
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
AIFL 513.15 -13.15 -2.56
ANIKINDS 67.1 3.35 4.99
AUSOMENT 50.85 5.65 11.11
BHARATFORG 1274.85 -57.9 -4.54
CALSOFT 17.95 0.85 4.74
DEEPAKNTR 188.95 -1.95 -1.03
GUJALKALI 549.85 -3.6 -0.65
Indian Indices
Company CMP Change % Chg
NIFTY 9735.75 -135.75 -1.38
SENSEX 31159.81 -439.95 -1.39
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
8KMILES 370.65 -1.9 -0.51
ABCAPITAL 189.55 -9.55 -5.04
ADHUNIKIND 57 -5.7 -10

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
28 Sep-2017
STOCK RECOMMENDATION [CASH]
INDIGO [CASH]
INDIGO cash given good reversal at lower level and ended
with bullish candlestick in daily chart. And since last ses-
sion it rose with rising OI in long side in next series. So if
cross last day high we can expect the lead to good upside
ahead. So we advise you to Buy above 1064 for the target
of 1105-1160 with SL of 1043.
MACRO NEW
 Tracking flat trends from SGX Nifty as well as positive
cues from the global markets, the D-Street could wit-
ness a mildly green start to the session. But, investors
could also be cautious as Thursday is also the F&O ex-
piry day and volatility is likely as traders would roll
over their positions in the derivatives market.
 The 50-share NSE Nifty, which opened with a slight
gap on the upside, pared gains on Wednesday as bears
took control of D-Street and pushed the index towards
its 100-day exponential moving average (DEMA)
placed at 9,731 level ahead of expiry of September
derivative contracts on Thursday. The index made a
‘Bearish Belt Hold’ pattern on daily charts.
 The index witnessed suffered a knee-jerk reaction af-
ter the Indian Army said that it struck hideouts of Naga
militants along the Myanmar border early on Wednes-
day.
 The Nikkei 225 climbed 0.49 percent in early trade as
oil stocks and most financial names notched gains.
 Stay tuned with to find out what happens in currency
and equity markets today. We have collated a list of
important headlines from across news agencies.
RECOMMENDATIONS [FUTURE]
1.INDIGO [FUTURE ]
INDIGO future given good reversal at lower level and ended
with bullish candlestick in daily chart. And since last session
it rose with rising OI in long side in next series. So if cross
last day high we can expect the lead to good upside ahead.
So we advise you to Buy above 1065 for the target of 1075-
1090 with SL of 1042.
2.KOTAKBANK [FUTURE]
KOTAKBANK future we can saw underperformed and ended
below support level with bearish candlestick in daily chart.
and we can see sharp decline ahead, So we advise you to sell
around 990-992 for the target of 980-970 with SL of 1005.

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
28 Sep-2017
MOST ACTIVE CALL OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 9,900 2.2 9,43,612 58,83,150
NIFTY CE 9,800 13 5,78,926 39,33,300
NIFTY CE 10,000 0.7 5,32,321 51,56,400
SBIN CE 260 0.1 9,872 30,99,000
SBIN CE 255 0.65 4,339 12,96,000
RELIANCE CE 830 0.55 5,033 13,36,000
TATASTEEL CE 650 4.25 4,512 9,68,000
TATASTEEL CE 660 1.1 4,450 17,10,000
MOST ACTIVE PUT OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY PE 9,800 68 7,77,036 23,16,450
BANKNIFTY PE 24,000 204.1 3,42,253 11,68,880
DIVISLAB PE 900 40.05 6,354 3,31,200
DIVISLAB PE 860 13 5,348 3,20,800
RELIANCE PE 800 6.55 5,916 8,48,000
RELIANCE PE 810 12 2,965 3,52,000
TATASTEEL PE 640 1.7 3,287 14,32,000
TATASTEEL PE 650 4 3,130 6,30,000
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 80846 6443.48 85252 6693.27 330144 24721.68 249.7901
INDEX OPTIONS 1558956 124136.78 1548715 123659.86 1188564 91036.48 -476.918
STOCK FUTURES 349052 24410.24 340749 23920.81 860111 58570.46 -489.43
STOCK OPTIONS 69221 5521.41 67013 5337.90 104080 7432.96 -183.51
-900.068
STOCKS IN NEWS
 Godrej Properties
To develop residential project in east Bengaluru .East
Bengaluru project to offer approximately 1.25 lakh
square meters of saleable area
 Bharat Electronics, BHEL, Bharat Forge to go ex-
bonus today
 Sterlite Technologies launches 5G Ready smarter
network technology at IMC 2017
NIFTY FUTURE
NIFTY Future close below 9800 support level with big
bearish candle in daily chart, due to mayanmar border
tension and rupee sinks, Due to negative global cues and
broader market ended on bearish note, and nifty future
break major support level, So we can follow sell on rise
strategy. So We may see rise for that it will be good to
sell Nifty future around 9800-9810 for the target of 9750
-9700 with SL of 9850.
INDICES R2 R1 PIVOT S1 S2
NIFTY 9968.5 9854.0 9786.1 9671.6 9603.7
BANKNIFTY 24548.00 24189.00 23982.00 23623.00 23416.00

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
28 Sep-2017
COMMODITY ROUNDUP
Gold prices extended losses from the prior session on
Wednesday, . The yellow metal lost around 1% on Tues-
day after Yellen said the Fed needs to continue gradual rate
hikes despite broad uncertainty about the path of inflation.
The U.S. central bank last week announced it would begin
trimming down its $4.5 trillion in assets and signaled it will
likely raise rates again before the end of this year. Interest
rate futures are now pricing in about an 80% chance of a
December Fed rate hike according to Fed Rate Monitor
Tool, up from under 40% just a few weeks ago. The U.S. dol-
lar and bond yields jumped on her remarks, dampening the
appeal of bullion. The dollar index, which tracks the green-
back's strength against a basket of six major currencies, rose
to 93.13, its highest level in almost a month. Looking
ahead, investors awaited headlines on U.S. tax reform,
which is expected to be unveiled on Wednesday U.S. time.
Crude oil prices edged higher on Wednesday, staying within
sight of their strongest level in months amid speculation
weekly supply data due later in the session will show U.S.
crude stockpiles declined for the first time in four weeks.
The U.S. Energy Information Administration will release
its official weekly oil supplies report at 10:30AM ET
(1430GMT). After markets closed Tuesday, the American
Petroleum Institute said that U.S. oil invento-
ries unexpectedly declined by 761,000 barrels in the week
ended September 22 as refiners raised output. The API re-
port also showed a gain of 1.5 million barrels in gasoline
stocks, while distillate stocks fell by 4.5 million barrels.
There are often sharp divergences between the API esti-
mates and the official figures from EIA. U.S. West Texas In-
termediate (WTI) crude futures tacked on 24 cents, or
around 0.5%, to $52.12 a barrel by 3:40AM ET (0740GMT).
It traded as high as $52.43 in the prior session, a level last
seen since April 19. Meanwhile, Brent crude futures, the
benchmark for oil prices outside the U.S., added 6 cents, or
about 0.1%, to $57.98 a barrel. It reached a 26-month peak
of $58.88 a day earlier. Oil futures finished lower Tues-
day for the first time in three sessions, but losses were
capped amid growing optimism that the crude market was
well on its way towards rebalancing.
Base metals complex showed a mixed movement on Tues-
day wherein on Wednesday; LME Copper hovered near its
lowest since mid-August on Thursday, subdued by a
stronger dollar and ongoing concerns over flagging eco-
nomic growth in China.
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
BUY GOLD OCT ABOVE 29850 TGT 29900 30000 SL BELOW
29750
SELL GOLD OCT BELOW 29600 TGT 29550 29450 SL ABOVE
29700
SILVER
TRADING STRATEGY:
BUY SILVER DEC ABOVE 40100 TGT 40250 40400 SL BELOW
39900
SELL SILVER DEC BELOW 39600 TGT 39450 39300 SL ABOVE
39800

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
28 Sep-2017
NCDEX INDICES
Index Value % Change
BARLEY 1431.5 -0.87
CASTOR SEEDS 4602 0.24
CORIANDER 4775 1.06
COTTON SEED 1484 0.61
GUAR SEED 3795 -1.09
JEERA 18975 -0.94
MUSTARDSEED 3770 0.91
SOYA BEAN 3035 0.2
TURMERIC 7260 0.14
WHEAT 1625 -0.12
RECOMMENDATIONS
GUARGUM
BUY GUARGUM5 OCT ABOVE 8250 TGT 8280 8320 8370
SL BELOW 8200
SELL GUARGUM5 OCT BELOW 8130 TGT 8100 8060 8010 SL
ABOVE 8180
DHANIYA
BUY CORIANDER OCT ABOVE 4840 TGT 4870 4910
4960 SL BELOW 4790
SELL CORIANDER OCT BELOW 4710 TGT 4680 4640 4590 SL
ABOVE 4760
Soybean and groundnut loose oil today declined sharply in
Vidarbha region of Western Maharashtra on persistent sell-
ing by stockists amid good supply from producing regions
and weak trends in Madhya Pradesh oils. Sentiment turned
bearish because of release of stock from stockists. Trading
activity in other edible reported weak as no trader was in
mood for any commitment because of downward trend in
American soya digam and Malaysian palm oil prices, accord-
ing to sources.
Crude palm oil prices edged up by 0.09 per cent to Rs 548
per 10 kg in futures trading today as speculators built up
fresh positions, driven by uptick in demand at the spot mar-
ket. At the Multi Commodity Exchange, crude palm oil for
delivery in September traded higher by 50 paise, or 0.09 per
cent to Rs 548 per 10 kg in a business turnover of 11 lots.
Mustard seed prices firmed up by Rs 41 to Rs 3,771 per
quintal in futures trading today after speculators accumu-
lated huge positions in line with robust demand at the
physical markets. At the National Commodity and Deriva-
tive Exchange counter, mustard seed for the most-traded
delivery in October month contract shot up by Rs 41 or 1.10
per cent to Rs 3,771 per quintal, with an open interest of
40,690 lots.
Mentha oil prices inched up by 0.14 per cent to Rs 1,150.90
per kg in futures market today after participants raised bets
amid uptick in demand from consuming industries at the
spot market. At the Multi Commodity Exchange, mentha oil
for delivery in September edged higher by Rs 1.60, or 0.14
per cent to Rs 1,150.90 per kg in a business turnover of 120
lots.

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
28 Sep-2017
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 65.6947 Yen 58.4
Euro 77.3686 GBP 88.1426
GBP/INR
BUY GBPINR FUTURE ABOVE 88.7400 TARGET 88.84/88.94 SL
88.54
SELL GBPINR FUTURE BELOW 88.1800 TARGET
88.0800/87.9800 SL 88.3800
USD/INR
BUY USDINR FUTURE ABOVE 65.80 TARGET 65.90/66 SL
65.60
SELL USDINR FUTURE BELOW 65.8700 TARGET
65.7700/65.6700 SL 66.0700
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.
The dollar climbed half a percent on Wednesday against a
broad basket of currencies as optimism about U.S. fiscal
reforms and hawkish talk from the central bank pushed
bond yields higher.
Extreme short bets against the greenback has been one of
the most crowded trades in the currency markets this year
as investors have been disappointed by the progress on
fiscal reforms and the slow pace of increase in U.S. interest
rates.
The euro hit a fresh one-month low on Wednesday as an
ongoing dollar short squeeze and reaction to the German
election encouraged investors to take profits on one of the
best performing currency trades this year.
Having gained more than 14 percent this year, the single
currency EUR=EBS has given back nearly 3 percent since
hitting a January 2015 peak of $1.2092 earlier this month
as investors rapidly repriced expectations of a U.S. rate
increase in the coming days.
The Sri Lankan rupee closed slightly weaker on Wednesday
as dollar demand from importers surpassed selling of the
U.S. currency by exporters, dealers said.
The spot rupee LKR= , which traded at 153.15 per dollar
during the day, recovered to end at 153.00/10, but still
marginally weaker from Tuesday's closing level of
152.95/153.05.
"There was importer demand. We have seen some ex-
porter conversions latter part of the day," said a currency
dealer requesting anonymity.
The rupee has been under pressure since January after the
central bank stopped defending the currency and started
buying dollars to build up the country's depleted foreign
currency reserves.

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
28 Sep-2017
Date
Commodity/ Cur-
rency Pairs
Contract Strategy Entry Level Target
Stop
Loss
Remark
27/09/17 NCDEX DHANIYA OCT. BUY 4840 4870 4790 TARGET HIT
27/09/17 NCDEX DHANIYA OCT. SELL 4710 4680 4760 NOT EXECUTED
27/09/17 NCDEX GUARGUM OCT. BUY 8250 8280 8200 TARGET HIT
27/09/17 NCDEX GUARGUM OCT. SELL 8130 8100 8180 NOT EXECUTED
27/09/17 MCX GOLD OCT. BUY 29850 29900 29750 NOT EXECUTED
27/09/17 MCX GOLD OCT. SELL 29600 29550 29700 OPEN
27/09/17 MCX SILVER DEC. BUY 40100 40250 39900 NOT EXECUTED
27/09/17 MCX SILVER DEC. SELL 39600 39450 39800 OPEN
Date Scrip
CASH/
FUTURE/
Strategy Entry Level Target Stop Loss Remark
27/09/17 NIFTY FUTURE SELL 9800 9750 9850 TARGET
27/09/17 BANKNIFTY FUTURE SELL 23800 23600 24000 OPEN
27/09/17 KOTAK BANK FUTURE BUY 990-992 980-970 1005 OPEN
27/09/17 INDIGO CASH BUY 1064 1105-1160 1043 OPEN

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
28 Sep-2017
NEXT WEEK'S U.S. ECONOMIC REPORTS
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 liabil-
ity) 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 infor-
mation and based upon it & takes no responsibility. The information given herein should be treated as only factor, while making investment decision. The re-
port 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 Clients (Paid or Unpaid), any
third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received
directly or indirectly by them. If found so then Serious Legal Actions can be taken.
Disclaimer
TIME (ET) REPORT PERIOD ACTUAL FORECAST PREVIOUS
MONDAY, SEPT. 25
8:30 AM Chicago Fed national activity Aug. -- -0.01
TUESDAY, SEPT. 26
9 am Case-Shiller home prices July -- 5.80%
10 am Consumer confidence index Sept. 118.5 122.9
10 am New home sales Aug. 593,000 571,000
WEDNESDAY, SEPT. 27
8:30 AM Durable goods orders Aug. 1.10% -6.8
8:30 AM Core capital goods orders Aug. -- 1.00%
10 am Pending home sales Aug. -- -0.80%
THURSDAY, SEPT. 28
8:30 AM Weekly jobless claims 23-Sep 260,000 259,000
8:30 AM Gross domestic product Q2 3.10% 3.00%
8:30 AM Advance trade in goods Aug. -$66 bln -$65.1bln
FRIDAY, SEPT. 29
8:30 AM Personal income Aug. 0.10% 0.40%
8:30 AM Consumer spending Aug. 0.20% 0.30%
8:30 AM Core inflation Aug. 0.20% 0.10%
9:45 AM Chicago PMI Sept. -- 58.9
10 am Consumer sentiment Sept. 94.5 95.3