Special report-07-august-2018-epic-research

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Please refer to disclaimer Epic Research Ltd w w w . e p i c r e s e a r c h . c o
Special Report
07-Aug-2018
Global markets at a glance
The three major US stock indexes closed higher on Monday
as investors applauded a strong US earnings season with
results from Berkshire Hathaway impressing and Facebook
lifting Nasdaq after a report it was planning new
services.The S&P edged closer to a record hit on January
26, closing within a percentage point of the all-time high
for the first time since the current correction
began.Investors were focused on robust corporate earnings
and shrugged off worries about US tensions with countries
including China and Iran.ranian President Hassan Rouhani
dismissed a US call for talks on Monday, hours before
Washington was due to impose new sanctions following
Trump's decision to pull out of a 2015 agreement over
Iran's nuclear programme.Also Kristina Hooper, global
market strategist at Invesco in New York, said there were
some signs China is "hunkering down and getting ready for
a significant trade war• and that the impact could be more
far-reaching than previously assumed.•Chinese state media
on Monday lambasted US President Donald Trump's trade
policies in an unusually personal attack, and sought to
reassure investors anxious about China's economy as
growth concerns battered its financial markets.
Asian stocks were largely steady on Tuesday, with worries
over the US-China trade conflict offsetting support from
earnings-led gains on Wall Street.MSCI's broadest index of
Asia-Pacific shares outside Japan was almost flat.Australian
stocks dipped 0.2 percent.
Previous day Roundup
The Nifty 50 opened above the 11,400-level for the first
time and maintained positive momentum throughout the
session on August 6. However, it failed to hold on to
opening levels, forming a small bearish candle in intraday
trade, resembling a Spinning Top kind of a pattern on daily
charts. The Nifty index opened the gap up and made a new
life time high of 11,428 by surpassing recent high of 11,390
levels. However, it failed to hold half of the gains and
witnessed some profit booking to decline from higher
levels.The Nifty 50 after opening at 11,401.50 gained more
strength to touch an intraday record high of 11,427.65, but
it wiped out some gains in afternoon trade to hit the day's
low of 11,370.60. The index closed 26.30 points higher at
11,387.10.
Index stats
The Market was very volatile in last session. The sartorial in
dices performed as follow; Commodities[18.05pts],
Consumption[5.10pts],PSE[4.40pts],CPSE[1.60pts],Energy
[113.30pts],FMCG[-202.95pts],Auto[47.50pts],Pharma[-
92.15pts],IT[-43.50pts],Metal[24.85pts],Realty[-1.60
pts], Fin Serv sector[63.05pts].
World Indices
Index Value % Change
DJI 25,462.58 0.54
S&P500 2,826.75 0.06
NASDAQ 7,413.50 0.16
FTSE100 7,659.10 1.09
NIKKEI 22,561.23 0.16
HANG SENG 27,867.39 0.69
Top Gainers
Company CMP Change % Chg
Axis Bank 574.75 27.50 5.03
Vedanta 222.40 8.25 3.85
Yes Bank 373.20 11.40 3.15
GAIL 388.20 10.55 2.79
Lupin 886.00 21.15 2.45
Top Losers
Tech Mahindra 662.75 -6.25 -0.93
Tata Motors 258.45 -2.40 -0.92
Grasim 1,006.20 -8.00 -0.79
Asian Paints 1,411.85 -6.55 -0.46
Hero Motocorp 3,250.55 -13.15 -0.40
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
ABBOTINDIA 8071 64 0.79
ABFRL 170.95 9.6 5.62
ADANIGREEN 69.85 3.45 4.94
APLLTD 589.5 4.5 0.76
BALAXI 17.85 0.85 4.76
Indian Indices
NIFTY 11387.10 26.30 0.23
SENSEX 37691.89 135.73 0.36
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
ABGSHIP 5.3 -0.15 -2.83
AMTEKAUTO 7.1 0.35 4.93
ANKITMETAL 0.6 -0.05 -9.09
BSLIMITED 0.4 0.05 12.5
DBCORP 235.2 0.35 0.15

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Special Report
07-Aug-2018
STOCK RECOMMENDATION [CASH]
EDELWEISS [CASH]
From the daily chart its clear that the particular script
formed a Bullish Candle on daily scale and supports are
gradually shifting higher. Now it has to continue to hold
above 316 zones to extend its move towards 330 so we
advice you to buy around the levels of 316-318 for the
target of 325-332 with stoploss below 312.
MACRO NEW
 Trends on SGX Nifty indicate a positive opening for the
broader index in India, a rise of 14.5 points or 0.13
percent. Nifty futures were trading around 11,444-
level on the Singaporean Exchange.
 President Donald Trump’s top security adviser on
Monday urged Iran to take up an offer of talks with
the United States or suffer more pain from economic
sanctions, but Iran’s president said Washington
needed first to prove it can be trusted.“They could
take up the president’s offer to negotiate with them,
to give up their ballistic missile and nuclear weapons
programs fully and really verifiably,” Bolton told Fox
News.The renewed sanctions were among those lifted
under a 2015 deal between world powers and Tehran
on curbing Iran’s nuclear program. Trump abandoned
the deal in May. Heavier US sanctions, aimed at Iran’s
oil sector, are due in November.
 The European Union vowed on Monday to counter US
President Donald Trump’s renewal of sanctions on
Iran, in a test of the EU’s ability to preserve a deal that
saw Iran limit its nuclear ambitions in exchange for
removing strict curbs on its economy.Despite protests
from European allies, US Secretary of State Mike
Pompeo said Washington would fully enforce the
sanctions. EU diplomats said they were awaiting
details on Monday on how they will be implemented.
RECOMMENDATIONS [FUTURE]
1.SUNPHARMA [FUTURE ]
The particular counter is showing a clear sign of reversal
from its higer levels of 590 with stochastic momentum
indicator giving a overbought signal, as per the candlestick
pattern a bearish engluf candle is found around the
reistance level of 590 sell on weakness would be good
opportunity to grab so we advice to sell sunpharma around
the levels of 582-580 for the targets of 570-560 with
stoploss above 588
2.HINDPETRO [FUTURE]
The particular script has rebounded from its support level of
204 by making a spinning top candle which is reversal candle
and breaked its crucial resistance level of 216.80 ,now it has
closed above it with optimum volume so today we can
witness a good upside movement here buy on high would
be a good opportunity to trade. So we recommend you to
buy hindpetro future around 218-219 target 225-230 with
stoploss below 215.

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Special Report
07-Aug-2018
MOST ACTIVE CALL OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
BANKNIFTY CE 27,900 0.05 3,09,594 8,26,760
BANKNIFTY CE 27,300 54.5 2,83,508 26,640
BANKNIFTY CE 28,000 0.05 1,13,728 12,32,040
NIFTY CE 11,500 45.25 1,09,274 35,74,800
MARUTI CE 9,500 73.5 5,092 2,10,375
TATAMOTORS CE 280 3.65 4,835 49,18,500
TATAMOTORS CE 270 6.45 4,833 39,43,500
RELIANCE CE 1,200 19 4,377 25,40,000
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
BANKNIFTY PE 27,600 222.7 1,14,606 8,480
NIFTY PE 11,200 106 1,00,918 31,70,250
NIFTY PE 11,300 146.1 91,484 19,90,050
BANKNIFTY PE 26,900 0.05 73,805 2,59,520
RELIANCE PE 1,140 15.05 3,649 13,42,000
TATAMOTORS PE 250 5.5 3,448 39,87,000
RELIANCE PE 1,160 22 3,307 9,52,000
TATASTEEL PE 540 15.4 3,178 7,63,920
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 23823 2245.33 36240 3315.32 269923 23048.57 -1069.9895
INDEX OPTIONS 897499 92652.94 864258 89304.18 628751 54815.29 3348.7578
STOCK FUTURES 173281 11490.31 175646 11774.77 1105150 81313.23 -284.4572
STOCK OPTIONS 77785 5458.77 78342 5477.64 97384 7282.45 -18.8705
1975.4406
STOCKS IN NEWS
 Adani Power: Q1 net loss at Rs 825.2 crore versus
loss of Rs 452.8 crore; revenue falls to Rs 3,829.7
crore versus Rs 5,543.4 crore (YoY).
NIFTY FUTURE
The Nifty 50 opened above the 11,400-level for the first
time and maintained positive momentum throughout
the session on August 6. However, it failed to hold on to
opening levels, forming a small bearish candle in
intraday trade, resembling a Spinning Top kind of a
pattern on daily charts.The index closed higher, but
closing value was lower than opening, which indicated
that traders preferred to book profits at higher levels. It
has to hold 11,400 levels on closing basis, only then
strong momentum would be possible so we advice you
to buy nifty future around the levels of 11430-35 for the
targets of 11500-550 with stoploss below 11280.
INDICES R2 R1 PIVOT S1 S2
NIFTY 11451.00 11419.00 11394.00 11362.00 11337.00
BANKNIFTY 28114.00 28006.00 27886.00 27778.00 27658.00

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Special Report
07-Aug-2018
COMMODITY ROUNDUP
Broad demand worries in global and local markets and poor
technical picture for COMEX Gold kept the proceedings lax
and the prices fell near their one year low. The yellow metal
did see some buying thereafter and ended above $1220 per
ounce but the overall undertone in the market remains
tepid. MCX Gold futures closed at Rs 29650 per 10 grams.
Indian gold demand was down from a strong Q2 2017,
falling 8% to 147.9 tonnes (t) in Q2 2018 due to high local
prices and seasonal factors, but was in line with the long-
term average, according to a latest update from the World
Gold Council (WGC). The y-o-y drop in demand was
magnified by the jump in demand seen in Q2 last year when
consumers rushed to make gold purchases before GST was
implemented on 1 July. Global demand showed a grim
picture.Global Gold demand slipped 6% in the first half of
this year following a sharp decline in purchases for
investment purposes, the World Gold Council (WGC) said in
a report. Total global demand for gold was 1,959.9 tonnes
over January-June, down from 2,086.5 tonnes in the same
period last year and the lowest first-half total since 2009,
the WGC said in its latest Gold Demand Trends report. For
the second quarter, demand was down 4% year-on-year at
964.3 tonnes. Purchases of gold for investment fell 9%,
driven by a 46% decline in ETF buying. Central bank
purchases dropped 7% over April-June period.WTI Crude oil
futures saw volatile moves, falling near six week low before
recovering on bargain buying and consolidated just under
$69 per barrel mark. MCX Crude oil futures ended just
under Rs 4700 per barrel mark. The US Energy Information
Administration or EIA reported that US crude oil inventories
had added 3.8 million barrels last week. At 408.7 million
barrel, US crude oil inventories are about 1% below the 5-
year average for this time of year, the Weekly Petroleum
Status Report indicated. US refinery inputs averaged 17.5
million b/d for the week ended July 27, about 195,000 b/d
more than the previous week's average. Refineries operated
at 96.1% of capacity. Gasoline production increased,
averaging 10.5 million b/d. Distillate fuel production
increased, averaging 5.2 million b/d. US crude oil imports
averaged 7.7 million b/d, down by 21,000 b/d from the
previous week. Over the last 4 weeks, crude oil imports
averaged 8 million b/d, 0.4% more than the same period
last year - highlighting strong US demand. Copper saw a
recovery after recent correction that took prices to two
week low on COMEX. Brazilian farmers will increase their
soybean acreage for the 12th consecutive year in a row in
2018/19. It is estimating that the Brazilian soybean acreage
will increase by 3-4% to 36 million hectares or more.
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
BUY GOLD OCT FUT ABOVE 29700 TGT 29770 29870 SL
BELOW 29600
SELL GOLD OCT FUT BELOW 29600 TGT 29530 29430 SL
ABOVE 29700
SILVER
TRADING STRATEGY:
BUY SILVER SEP FUT ABOVE 38000 TGT 38200 38500 SL
BELOW 37850
SELL SILVER SEP FUT BELOW 37850 TGT 37650 37350 SL
ABOVE 38000

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Special Report
07-Aug-2018
NCDEX INDICES
Index Value % Change
Barley 1608 -0.06
Castor Seed 4721 0.28
Chana 4249 0.24
Coriander 5006 -1.36
Cotton Seed Oilcake 1751 -3.37
Guar Seed 10 MT 4450 -0.89
Jeera 20365 -0.51
Mustardseed 4125 0.1
Soy Bean 3412 -0.5
Turmeric 7180 -0.11
RECOMMENDATIONS
GUARGUM5
BUY GUARGUM OCT FUT ABOVE 9500 TGT 9600 9800 SL
BELOW 9350
SELL GUARGUM OCT FUT BELOW 9300 TGT 9200 9000 SL
ABOVE 9450
DHANIYA
BUY DHANIYA AUG FUT ABOVE 5020 TGT 5100 5200 SL
BELOW 4940
SELL DHANIYA AUG FUT BELOW 4900 TGT 4830 4730 SL
ABOVE 4980
Weakness was seen in wheat due to thin buying in local
mandies. The spot prices of wheat increased by Rs 10 per
quintal at Delhi Mandi. As per latest update from United
States Department of Agriculture (USDA), the global
2018/19 wheat supplies are seen decreasing 9.3 million
tons due to primarily on lower production, which is the
smallest in three years. Strong buying by traders has
extended gains in turmeric market today. The total daily
arrivals of 18000-25000 bags have been reported in
Nizamabad mandi, while 1000-1200 bags in Erode mandi.
The spot prices of turmeric increased by Rs 30 per quintal,
with the price range of Rs 6950-7200 per quintal. Weakness
in oilmeal demand has added selling in mustard seed
market. As per latest data compiled by Ministry of
Agriculture, oilseeds acreage declined by 1.15 percent on
the account of decline in groundnut and sunflower area in
Gujarat. Traders stated that spot prices decreased by more
than Rs 12 per quintal today in Jaipur, while arrivals were
reported in the range of 0.80-1.20 lakh bags. Domestic
exports of farm and processed food products went up by
nearly 6% growth in dollar terms to $4.68 billion during the
April-June quarter of this year over the corresponding
period last year according to the latest numbers from the
Agricultural and Processed Foods Export Development
Authority (Apeda). In rupee terms, the growth was higher,
clocking around 10% to Rs 31,397 crore. The export growth
has been buyoant mainly on account of strong demand for
non-basmati rice, pulses, dairy products, guar gum, fruits,
vegetable seeds etc. Buoyancy continued in Chana prices
today due to limited supplies. The spot prices were trading
in the range of Rs 4350-4400 per quintal with total arrivals
of 12 motors. As per latest data compiled by Ministry of
Agriculture, the Kharif pulses area lagged by 3.90% to stand
at 115 lakh hectares.

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Special Report
07-Aug-2018
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 68.8300 Yen 61.7775
Euro 79.9675 GBP 89.7825
USD/INR
BUY USDINR ABOVE 69.10 TGT 69.40/69.70 SL BELOW 68.80
SELL USDINR BELOW 68.30 TGT 68.00/67.70 SL ABOVE 68.60
GBP/INR
BUY GBPINR ABOVE 89.90 TGT 90.20/90.50 SL BELOW 89.60
SELL GBPINR BELOW 89.30 TGT 89.00/88.70 SL ABOVE 89.60
The beaten-down rupee today staged a good show by
recuperating 10 paise to end at 68.60 against the US dollar
in line with a stellar rally in domestic equities despite
ongoing global trade war jitters. The domestic unit
yesterday plunged by 27 paise to hit a one-week low of
68.70. Today, however, steady unwinding of dollars by
banks and corporates ahead of the key US labour data too
supported the late upmove in the Indian currency.
The forex market sentiment got revived towards the fag-
end trade largely tracking strength in local shares and
falling global crude prices that helped offset early steep
losses in the Indian rupee.
The domestic unit swung between a high of 68.60 and a
low of 68.84 against the American dollar during the day.
Meanwhile, bulls staged a spectacular comeback as stocks
rallied with vigour and strength on wave of frenzied buying
amid promising Q1 earnings growth outlook, lifting the
Nifty to another historical close.
On the energy front, crude prices drifted after China
announced it would impose tariffs on USD 60 billion in US
goods, the latest development in an escalating trade
dispute that has raised concerns about a slowdown in
economic growth.
The Benchmark brent for September settlement traded
sharply lower at USD 73.43 a barrel in early Asian trade.
Yuan dipped further after an aggressive devaluation from
the PBOC today with the Chinese currency depreciating
beyond record low of 6.89 against the greenback. The
People's Bank of China is devaluing its currency in response
to the trade war.
Earlier, the rupee opened almost flat at 68.69 from
overnight close of 68.70 at the Interbank Foreign Exchange
(forex) market. But, it eventually lost uptrend support and
drifted sharply to hit an intra-day low of 68.84 in mid-
afternoon deals. The local unit, however, regained lost
ground in the second half of the session owing to some
fresh US dollar selling heading into the US labour market
report due later today and managed to close at the session
high of 68.60, showing a gain of 10 paise, or 0.15 per cent.
The bond markets, however, remained under pressure for
the second straight day on expectations that the RBI may
hike key policy rates higher again in order to keep inflation
in check. The 10-year benchmark bond yield rose 4 bps to
7.76 per cent.

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Special Report
07-Aug-2018
Date
Commodity/
Currency Pairs
Contract Strategy Entry Level Target Stop Loss Remark
06/08/18 NCDEX DHANIYA AUG BUY 5050 5080 5120 5000 NOT EXECUTED
06/08/18 NCDEX DHANIYA AUG SELL 4990 5960 4860 5040 TGT HIT
06/08/18
NCDEX
GUARGUM5
OCT BUY 9800 9850 9950 9730 NOT EXECUTED
06/08/18
NCDEX
GUARGUM5
OCT SELL 9650 9600 9530 9720 TGT HIT
06/08/18 MCX GOLD AUG BUY 29750 29850 30000 29650 NOT EXECUTED
06/08/18 MCX GOLD AUG SELL 29650 29550 29450 29750 OPEN
06/08/18 MCX SILVER SEP BUY 38300 38450 38750 38100 NOT EXECUTED
06/08/18 MCX SILVER SEP SELL 37000 37850 37550 38200 NOT EXECUTED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
06/08/18 NIFTY FUTURE SELL 11330-320 11250-11180 11400 NOT EXECUTED
06/08/18 SUNTV FUTURE BUY 796.40 800-805 795 NOT EXECUTED
06/08/18 GRANULES FUTURE BUY 105-106 109-113 102 TGT HIT
06/08/18 RALLIS CASH BUY 205-206 210-215 202 OPEN

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Special Report
07-Aug-2018
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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
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Disclaimer
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS
TIME (ET) REPORT PERIOD ACTUAL FORECAST PREVIOUS
MONDAY, AUG. 6
11 am Survey of consumer expectations July
TUESDAY, AUG. 7
10 am Job openings June -- 6.6 mln
3 pm Consumer credit June -- $25 bln
WEDNESDAY, AUG. 8
None scheduled
THURSDAY,
AUG. 9
THURSDAY, AUG. 9
THURSDA
Y, AUG. 9
THURSDAY, AUG. 9
THURSDAY,
AUG. 9
THURSDAY,
AUG. 9
8:30 am
8:30 am Producer price index July 0.3% 0.3%
10 am Wholesale inventories June -- 0.6%
FRIDAY,
AUG. 10
FRIDAY, AUG. 10
FRIDAY,
AUG. 10
FRIDAY, AUG. 10 FRIDAY, AUG. 10
FRIDAY,
AUG. 10
8:30 am Consumer price index July 0.2% 0.1%
8:30 am
2 pm Federal budget July -- -$43 bln
8:30 am Gross domestic product Q2 4.0% 2.0%

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