Special report-10-august-epic-research2018

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Special Report
10-Aug-2018
Global markets at a glance
The S&P 500 and Dow ended down slightly on Thursday as
gains in Apple and Amazon were offset by losses in energy
and financial shares.
Tesla Inc's shares also fell to a two-day low and wiped out
all of the gains fuelled by Chief Executive Elon Musk's
recent tweet announcing a plan to take the company
private. The stock ended down 4.8 percent.
The S&P 500 was in slightly positive territory most of the
day, putting it once again close to the record high it hit Jan.
26. The Nasdaq also neared its all-time high.Shares of
Apple rose 0.8 percent, while those of Amazon were up 0.6
percent.
"It's hard pressed for this market to really leap ahead. It's
been a slow, steady climb, led by an increasingly smaller
number of companies," said Rick Meckler, partner at
Cherry Lane Investments, a family investment office in New
Vernon, New Jersey.
Asian stock markets fell on Friday amid heightened global
trade tensions, while currency markets were whipsawed by
a searing selloff in Russia's rouble after the United States
slapped on new sanctions, and as economic worries sent
the Turkish lira tumbling.
Washington said it would impose fresh sanctions because it
had determined that Moscow had used a nerve agent
against a former Russian agent and his daughter in Britain,
which the Kremlin denies.
Previous day Roundup
The Nifty50 after opening sharply higher hit a fresh
intraday record high in the morning and remained
rangebound throughout the session on Thursday, but the
index formed small bearish candle on the daily charts as
closing value is lower than opening value. Not only
frontline indices but also broader markets ended higher.
The Nifty Midcap index was up half a percent while the BSE
Sensex closed above psychological 38,000-mark for the first
time, up 136.81 points at 38,024.37. The Nifty50 after
opening at 11,493.25 touched a fresh all-time high of
11,495.20 and traded in about 40-point range for rest of
the session. The index ended at fresh record closing high of
11,470.70, up 20.70 points, and is 29 points away from
11,500 levels. India VIX moved up by 1.33 percent at 12.70.
Overall lower volatility suggests that bulls are likely to hold
the market.
Index stats
The Market was very volatile in last session. The sartorial in
dices performed as follow; Commodities[16.65pts],
Consumption[7.75pts],PSE[-0.70pts],CPSE[14.75pts],Energy
[264.10pts],FMCG[162.15pts],Auto[-34.45pts],Pharma[-
63.80pts],IT[-5.55pts],Metal[8.35pts],Realty[-0.15 pts], Fin
Serv sector[67.85pts].
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
AXISBANK 621.35 4.2 -
ICICIBANK 332 4.17 -
HINDALCO 228.1 3.4 -
SBIN 317.65 2.9 -
VEDL 230.55 2.56 -
Top Losers
BHARTIARTL 367 -4.75 -
TITAN 914.95 -2.14 -
ONGC 169 -2.03 -
CIPLA 621.05 -1.82 -
IBULHSGFIN 1,348.80 -1.56 -
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
AARTIIND 1397.85 35.15 2.51
ATUL 2977.75 156.45 5.25
BAJFINANCE 2813.15 12.3 0.44
BALAXI 20.55 1 4.87
BANDHANBNK 692.75 37.25 5.38
Indian Indices
NIFTY 11450.00 60.50 0.53
SENSEX 37887.56 221.76 0.59
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
ABGSHIP 5.15 0.15 2.91
ANKITMETAL 0.55 0 0
APARINDS 604.5 -16 -2.65
BYKE 117.85 -0.35 -0.3
CURATECH 3.6 0 0

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Special Report
10-Aug-2018
STOCK RECOMMENDATION [CASH]
BEL [CASH]
From the daily chart its clear that the particular counter is
showing strength around its crucial resisatnce level of
122.25, today if the market shows a little strength then it
may break this level and 2-3 upside movement is easily
possible so buy on strength would be a good opportunity
here we advice you to go for a long position around 122.25
-123 for the targets of 126-130 with stoploss below 120.
MACRO NEW
 Trends on SGX Nifty indicate a flat opening for the
broader index in India, a fall of 4.5 points or 0.04
percent. Nifty futures were trading around 11,483-
level on the Singaporean Exchange.
 A total of 117 fresh cases were taken up for
investigation by (SEBI) in 2017-18, marking a decline of
52 percent from the preceding financial year, as per
the markets regulator's latest annual report. The cases
were related to alleged violation of securities law
including market manipulation and price
rigging."During 2017-18, 117 new cases were taken up
for investigation and 145 cases were completed
compared to 245 new cases taken up and 155 cases
completed in 2016-17," the report noted. Sebi said 34
percent of the total cases taken up for investigation in
2017-18 pertained to market manipulation and price
rigging.Besides, insider trading, takeover violation,
among others, accounted for 15 percent of the total
cases, while 51 percent were related to other
violations of securities laws.
 Crude prices settled slightly lower on Thursday,
extending the previous session’s losses as the
escalating China-US trade dispute casts doubt over the
outlook for oil demand. Brent crude futures fell 21
cents to settle at USD 72.07 a barrel. US crude fell 13
cents to USD 66.81 a barrel.
RECOMMENDATIONS [FUTURE]
1.ASHOKLEY [FUTURE ]
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 130.50 zones since it is the only nearest resistance
level to extend its move towards 137-140 so we advice you
to buy around the levels of 130.50-131 for the target of 133-
136 with stoploss below 129.
2.SUNTV [FUTURE]
The particular counter is showing a clear sign of correction
from its higer levels of 835 with stochastic momentum
indicator giving a overbought signal ie., above 90 as per the
candlestick pattern a hanging man candle is found around
the reistance level of 835 here sell on high would be good
opportunity to grab so we advice to sell suntv around the
levels of 835-832 for the targets of 824-810 with stoploss
above 842.

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Special Report
10-Aug-2018
MOST ACTIVE CALL OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
BANKNIFTY CE 27,900 206.15 1,92,819 3,28,560
NIFTY CE 11,500 98.7 1,48,296 36,78,525
NIFTY CE 11,400 158.7 97,644 26,13,750
RELIANCE CE 1,200 41.1 8,280 17,03,000
RELIANCE CE 1,220 29.7 8,115 12,19,000
ASHOKLEY CE 130 3 7,513 64,92,000
LUPIN CE 900 6.5 7,116 8,51,200
RELIANCE CE 1,240 21 6,996 19,17,000
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 27,400 4 1,35,990 4,23,720
NIFTY PE 11,400 91.4 1,27,098 23,84,475
NIFTY PE 11,300 63 1,12,589 41,25,375
LUPIN PE 800 17.5 5,470 4,15,800
RELIANCE PE 1,180 12.3 5,038 14,27,000
RELIANCE PE 1,160 8.5 4,560 13,49,000
MARUTI PE 9,000 105.05 4,367 78,750
ICICIBANK PE 300 4.65 3,213 36,98,750
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 17540 1725.85 20659 2008.19 320927 28303.31 -282.3357
INDEX OPTIONS 924466 99449.75 918776 98849.54 656966 58773.38 600.2065
STOCK FUTURES 174791 12167.43 166114 11608.50 1128815 84972.14 558.9315
STOCK OPTIONS 111289 8417.43 112367 8528.15 127674 9947.80 -110.7233
766.079
STOCKS IN NEWS
 Jindal Steel & Power: Q1 profit at Rs 180.8 crore
versus loss of Rs 387.1 crore; revenue surges 70.5
percent to Rs 9,665.4 crore versus Rs 5,668.2 crore
(YoY).
 Aurobindo Pharma: Q1 profit falls 12.1 percent to Rs
455.6 crore versus Rs 518.3 crore; revenue jumps
15.5 percent to Rs 4,250 crore versus Rs 3,678.7
crore (YoY).
NIFTY FUTURE
The Nifty50 after opening sharply higher hit a fresh
intraday record high in the morning and remained
rangebound throughout the session on Thursday, but
the index formed small bearish candle on the daily charts
as closing value is lower than opening value. we advice
you to sell nifty future around the levels of 11480-60 for
the targets of 11400-350 with stoploss below 11530.
INDICES R2 R1 PIVOT S1 S2
NIFTY 11514.00 11492.00 11473.00 11451.00 11451.00
BANKNIFTY 28286.00 28174.00 28016.00 27904.00 27746.00

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Special Report
10-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 29750 TGT 29800 29900 SL
BELOW 29650
SELL GOLD OCT FUT BELOW 29650 TGT 29600 29500 SL
ABOVE 29750
SILVER
TRADING STRATEGY:
BUY SILVER SEP FUT ABOVE 38200 TGT 38400 38700 SL
BELOW 38000
SELL SILVER SEP FUT BELOW 38000 TGT 37800 37500 SL
ABOVE 38200

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Special Report
10-Aug-2018
NCDEX INDICES
Index Value % Change
Barley 1608 -0.09
Castor Seed 4631 -1.03
Chana 4125 -0.7
Coriander 4944 0.88
Cotton Seed Oilcake 1716 0.32
Guar Seed 10 MT 4395 0.72
Jeera 19670 -0.23
Mustardseed 4060 -0.71
Soy Bean 3350 -0.06
Turmeric 7120 -1.25
RECOMMENDATIONS
GUARGUM5
BUY GUARGUM OCT FUT ABOVE 9530 TGT 9600 9700 SL
BELOW 9450
SELL GUARGUM OCT FUT BELOW 9430 TGT 9350 9250 SL
ABOVE 9510
DHANIYA
BUY DHANIYA AUG FUT ABOVE 4960 TGT 5010 5110 SL
BELOW 4900
SELL DHANIYA AUG FUT BELOW 4890 TGT 4840 4740 SL
ABOVE 4950
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
10-Aug-2018
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 68.6240 Yen 61.8000
Euro 79.6327 GBP 88.3475
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
10-Aug-2018
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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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