Wall Street surged on Wednesday as surging oil prices boosted energy stocks following US President Donald Trump's decision the previous day to quit a nuclear agreement with Iran.

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Special Report
10-May-2018
Global markets at a glance
Wall Street surged on Wednesday as surging oil prices
boosted energy stocks following US President Donald
Trump's decision the previous day to quit a nuclear
agreement with Iran.
Gains were broad and volume was high, with all but the
utilities and telecom sectors advancing as investors who
had moved to the sidelines in recent days ahead of Trump's
decision returned to the market.
"It's classic 'buy on the terrible news'," said Ian Winer,
director of trading at Wedbush Securities in Los Angeles,
referring to the wider market's rally. "People had gotten
way too nervous about this."Trump's decision for the
United States pull out of the international agreement
aimed at preventing Iran from obtaining a nuclear weapon
was good news for investors betting on a rise in oil prices.
Crude hit its highest level in 3-1/2 years as investors bet
the U.S. withdrawal would increase risks of conflict in the
Middle East and curtail global oil supplies.
Asian stocks rose on Thursday, with energy shares leading
the way as crude oil prices bolted higher after US President
Donald Trump's decision to pull out of a nuclear deal with
Iran.
MSCI's broadest index of Asia-Pacific shares outside Japan
added 0.2 percent, while Japan's Nikkei climbed 0.5
percent.Elsewhere in Asia, a stunning election upset in
Malaysia by the opposition sent ringgit forwards sliding
more than 2 percent in offshore trade and the cost to
insure against a Malaysian debt default rose.Moody's
ratings agency said the country was now in uncharted
territory after an alliance of opposition parties led by
former prime minister Mahathir Mohamad shocked the
ruling coalition.
Previous day Roundup
The Nifty formed a bullish candle after forming a bearish
candle on the daily candlestick charts on Tuesday. Investors
are advised to remain neutral on markets and adopt a
stock specific approach.The Nifty which opened at
10,693.35 rose to an intraday high of 10,766.25. It slipped
below its 5-DEMA to hit an intraday low of 10,689.85. It
finally closed 23.90 points higher at 10,741.70.
Index stats
The Market was very volatile in last session. The sartorial in
dices performed as follow; Commodities[-9.95],
Consumption[-17.50pts],PSE[-11.65pts],CPSE[-0.60
pts],Energy[40.55pts],FMCG[-119.25pts],Auto[-
17.45pts],Pharma[-49.15pts],IT[73.75pts],Metal
[2.55pts],Realty[-0.30 pts], Fin Serv sector[ 2.25 pts].
World Indices
Index Value % Change
DJI 24,542.54 0.75
S&P500 2,701.25 0.19
NASDAQ 6,917.00 0.30
FTSE100 7,662.75 1.26
NIKKEI 22,428.14 0.36
HANG SENG 30,802.58 0.23
Top Gainers
Company CMP Change % Chg
Tata Motors 341.95 9.80 2.95
Titan Company 985.70 17.60 1.82
TCS 3,489.30 48.10 1.40
UPL 731.30 9.80 1.36
Yes Bank 347.85 4.55 1.33
Top Losers
Company CMP Change % Chg
UltraTechCement 3,966.25 -97.85 -2.41
BPCL 385.45 -7.15 -1.82
Lupin 762.15 -12.70 -1.64
Sun Pharma 506.15 -5.30 -1.04
Bajaj Finance 1,849.10 -19.30 -1.03
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
ASTERDM 188.05 3.95 2.1
BOMDYEING 313.85 -10.85 -3.46
DCMFINSERV 2.45 0.05 2.04
FSL 64.45 6.4 9.93
GSS 81.05 0.75 0.93
GUFICBIO 155.6 1.75 1.12
HDFCMFGETF 2861.9 -3.9 -0.14
ARVSMART
Indian Indices
Company CMP Change % Chg
NIFTY 10741.70 23.90 0.22
SENSEX 35319.35 103.03 0.29
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
A2ZINFRA 24.95 -0.75 -3.01
ABMINTLTD 25 1 4
ADROITINFO 29.3 0.4 1.37

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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
10-May-2018
STOCK RECOMMENDATION [CASH]
RAIN [CASH]
The particular script has rebounded from its support level
of 303.80 and thn its crucial resistance level of 331.30
closed above it with a good volume so we can get a good
buying sign so we advice you to BUY RAIN AROUND 335-
336 TGT 339-342 SL BELOW 332.50.
MACRO NEW
 Trends on SGX Nifty indicate a flat to negative opening
for the broader index in India, a fall of 10.5 points or
0.1 percent. Nifty futures were trading around 10,761-
level on the Singaporean Exchange.
 The rupee on Wednesday tumbled to a low of 67.48
before closing at fresh 15-month low of 67.27, down
by 15 paise against the US currency, due to growing
concerns over surging crude prices and foreign capital
outflows. This is the lowest closing for the rupee since
February 7, 2017 when it had settled at 67.41 against
the dollar.It spiralled down to hit a fresh intra-day low
of 67.48 in mid-afternoon deals before regaining some
lost ground to end at 67.27, showing a loss of 19 paise,
or 0.28 percent.
 e Indian economy is expected to grow at 7.4 percent in
the current fiscal and accelerate further to 7.8 percent
as it recovers from the impact of demonetisation and
goods and services tax (GST) roll out, the International
Monetary Fund (IMF) said on Wednesday.Asia is
expected to grow at 5.6 percent this year and next, it
said, adding that the outlook is supported by strong
global demand, as well as still accommodative policies
and financial conditions.
 Oil prices rose about 3 percent on Wednesday and hit
fresh 3-1/2 year highs after a bigger-than-expected
drawdown in US oil inventories extended gains from
the United States’ decision to quit a nuclear deal with
Iran.Brent crude futures rose USD 2.36, or 3.2 percent,
to settle at USD 77.21 a barrel.
RECOMMENDATIONS [FUTURE]
1.AXISBANK [FUTURE ]
The particular counter is maintaining a good bullish trend
and can give a bull breakout above 550 so here buy on
would be good opportunity so we advice to buy AXISBANK
FUTURE ABOVE 550 TGT 554-560 SL BELOW 546.
2.BAJFINANCE [FUTURE]
This particular counter is continuosly maitaining its
downtrend below 1853.50 there is no support level so sell
on low would be good startegy to follow so we recommend
to sell BAJFINANCE BELOW 1853 TGT 1843-1833 SL ABOVE
1865.

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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
10-May-2018
MOST ACTIVE CALL OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 10,800 122.4 96,911 32,70,375
NIFTY CE 11,000 43.2 79,694 53,78,100
BANKNIFTY CE 25,900 229.9 72,702 88,080
TATAMOTORS CE 350 9.4 5,855 26,73,000
TATAMOTORS CE 340 13.75 5,371 23,76,000
RELIANCE CE 1,000 13.5 4,157 26,87,000
TATASTEEL CE 620 14.5 3,947 11,72,405
ARVIND CE 450 10.35 3,838 6,34,000
MOST ACTIVE PUT OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY PE 10,700 110.5 90,171 28,22,775
NIFTY PE 10,600 80 88,078 42,80,325
BANKNIFTY PE 25,400 1.75 78,143 2,49,800
ICICIBANK PE 300 7.35 3,311 45,65,000
PCJEWELLER PE 200 32.6 2,930 10,92,000
PCJEWELLER PE 150 14.4 2,500 11,91,000
ICICIBANK PE 280 2.6 2,388 80,24,500
PCJEWELLER PE 100 4.7 2,386 19,95,000
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 19074 1650.49 16748 1433.74 183052 15574.67 216.747
INDEX OPTIONS 671275 65117.92 665195 64541.29 800211 66851.08 576.6299
STOCK FUTURES 122810 8204.52 122297 8094.86 1175993 82864.79 109.6685
STOCK OPTIONS 71534 5012.88 71365 4996.79 108187 7776.13 16.0923
919.1377
STOCKS IN NEWS
 Cipla partners with MannKind for exclusive
marketing, distribution of Afrezza
 EID Parry: Company's Q4 net profit down 86.43
percent
NIFTY FUTURE
The Nifty formed a bullish candle after forming a bearish
candle on the daily candlestick charts on Tuesday.
Investors are advised to remain neutral on markets and
adopt a stock specific approach.The Nifty which opened
at 10,693.35 rose to an intraday high of 10,766.25. It
slipped below its 5-DEMA to hit an intraday low of
10,689.85. It finally closed 23.90 points higher at
10,741.70.so we advice to BUY NIFTY FUTURE AROUND
10790-10795 TGT 10850-10900 SL BELOW 10740.
INDICES R2 R1 PIVOT S1 S2
NIFTY 10809.00 10775.00 10732.00 10698.00 10655.00
BANKNIFTY 26362.00 26258.00 26102.00 25998.00 25842.00

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
10-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 31330-31340 TGT 31390-31430 SL
BELOW 31300
SELL GOLD JUN FUT AROUND 31280-31270 TGT 31230-31170 SL
ABOVE 31330
SILVER
TRADING STRATEGY:
BUY SILVER JUL FUT ABOVE 40160 TGT 40200-40250 SL BELOW
39110
SELL SILVER JUL FUT BELOW 40050 TGT 40000-39050 SL ABOVE
40100

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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
10-May-2018
NCDEX INDICES
Index Value % Change
Barley 1439 0.07
Castor Seed 4020 -0.35
Chana 3570 0.85
Coriander 4780 0.55
Cotton Seed Oilcake 1333.5 1.1
Guar Seed 10 MT 3766 1.43
Jeera 16000 2.17
Mustardseed 3872 0.57
Soy Bean 3697 1.12
Turmeric 7300 -1.88
RECOMMENDATIONS
GUARGUM5
BUY GUARGUM MAY FUT ABOVE 8400 tgt 8450-8500 SL
BELOW 8350
SELL GUARGUM5 MAY FUT BELOW 8290 tgt 8240/8200 SL
ABOVE 8330
DHANIYA
BUY DHANIYA MAY FUT ABOVE 4855 TGT 4900-4950 SL
BELOW 4800
SELL DHANIYA MAY BELOW 4760 TARGET 4710-4660 SL
ABOVE 4800
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
10-May-2018
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 67.3815 Yen 61.4900
Euro 79.7460 GBP 91.0863
USD/INR
BUY USD/INR AROUND 67.55 TGT 67.75-67.95 SL 67.40
SELL USD/INR BELOW 67.30 TGT 66.10-65.90 SL 67.45
GBP/INR
BUY GBP/INR ABOVE 91.75 TGT 91.95-92.25 SL 91.60
SELL GBP/INR BELOW 91.30 TGT 91.10-90.90 SL 91.45
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.

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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
10-May-2018
Date
Commodity/
Currency Pairs
Contract Strategy Entry Level Target
Stop
Loss
Remark
09/05/18 NCDEX DHANIYA MAY BUY 4730 4760-4780 4700 NOT EXECUTED
09/05/18 NCDEX DHANIYA MAY SELL 4640 4610-4580 4670 NOT EXECUTED
09/05/18
NCDEX
GUARGUM5
MAY BUY 8230 8250-8270 8210 NOT EXECUTED
09/05/18
NCDEX
GUARGUM5
MAY SELL 8030 8010-7990 8050 NOT EXECUTED
09/05/18 MCX GOLD MAY BUY 31295-31300 31350-31400 31255 1st TARGET HIT
09/05/18 MCX GOLD MAY SELL 31200-31190 31150-31100 31250 SL TRIGGERED
09/05/18 MCX SILVER MAY BUY 40005 40050-40100 39960 TARGET HIT
09/05/18 MCX SILVER MAY SELL 39850-39840 39800-39750 39900 SL TRIGGERED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
09/05/18 NIFTY FUTURE BUY 10746-10750 10800-10850 10700 OPEN
09/05/18 JETAIRWAYS FUTURE BUY 507 500-490 512 OPEN
09/05/18 BPCL FUTURE BUY 397.9-398.5 301-305 296 NOT EXECUTED
09/05/18 NIITECH FUTURE SELL 1066 1076-1086 1057 IST TARGET HIT

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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
10-May-2018
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Disclaimer
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