Special report-19-october-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
18-Oct-2018
Global markets at a glance
US stocks fell more than 1 percent on Thursday as the
European Commission issued a warning regarding Italy's
budget and concerns mounted over the possibility of
strained relations between the United States and Saudi
Arabia, further denting investors' appetite for risk amid
global trade tensions and rising interest rates.
The benchmark S&P 500 index closed just above its 200-
day moving average, a key indicator of long-term price
trends.
Stocks in Asia fell on Friday as global sentiment soured on
issues ranging from trade worries, Italy's 2019 budget,
higher U.S. interest rates and growth concerns in China
that led to a slump in Chinese shares in the previous
session.
Early in the trading day, MSCI's broadest index of Asia-
Pacific shares outside Japan was 0.4 percent weaker
following losses on Wall Street overnight.
The Dow Jones Industrial Average fell 1.27 percent, the
S&P 500 lost 1.44 percent and the Nasdaq Composite
dropped 2.06 percent.Australian shares were down 0.6
percent, while Japan's Nikkei stock index was 1.7 percent
lower. On Thursday, the flight to safe-haven assets partly
offset a rise in U.S. Treasury yields sparked by worries
about the pace of interest rate increases by the U.S.
Federal Reserve. Early in Asia on Friday, the 10-year yield
<US10YT=RR> was higher at 3.1767 percent, compared
with a U.S. close of 3.175 percent on Thursday.
PREVIOUS DAY ROUNDOFF
The market is likely to take cues from the negative
sentiment across the globe. Asian and US markets have
shown downward trends, while the Nifty futures on
Singaporean Exchange also hint at a lower opening.
The market was in a bear trap on October 18 after
consistent upmove in previous three consecutive trading
sessions. The Nifty started the day with a 100-point rally
but wiped out all gains in afternoon trade to close below
the 10,500 levels and formed 'Bearish Engulfing' pattern on
the daily candlestick charts.A Bearish Engulfing Pattern
consists of two candles.
The Nifty index opened gap up with 104 points gains at
10,688.70 to hit an intraday high of 10,710.15 but failed to
hold its gains and corrected sharply in afternoon trade to
hit day's low of 10,436.45.
Index stats
The Market was very volatile in last session. The sartorial in
dices performed as follow; Commodities[-65.90pts],
Consumption[-53.95pts],PSE[-49.50pts],CPSE[-
31.85pts],Energy[-191.45pts],FMCG[125.10pts],Auto[-
268.20pts],Pharma[-150.35pts],IT[62.25pts],Metal[-
68.65pts],Realty[-6.15 pts], Fin Serv sector[-211.65pts].
World Indices
Index Value % Change
DJI 25,379.45 -1.27
S&P500 2,778.00 0.20
NASDAQ 7,485.14 -2.06
FTSE100 7,026.99 -0.39
NIKKEI 22,380.27 -1.24
HANG SENG 22,380.27 -1.24
Top Gainers
Company CMP Change % Chg
HCL Tech 1,024.25 20.85 2.08
Infosys 705.35 10.10 1.45
ITC 286.45 3.80 1.34
Wipro 323.15 4.10 1.29
Coal India 279.90 3.50 1.27
Top Losers
Indiabulls Hsg 788.65 -118.70 -13.08
Bajaj Finance 2,150.50 -158.35 -6.86
Yes Bank 231.90 -17.00 -6.83
Adani Ports 313.90 -19.45 -5.83
BPCL 285.15 -16.95 -5.61
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
ICICILIQ 999.99 0.01 0
JAINSTUDIO 8.3 0.4 4.82
LIQUIDETF 999.99 0.01 0
TIIL 599.65 -22.65 -3.78
- - - -
Indian Indices
NIFTY 10453.00 -131.80 -1.25
SENSEX 34779.58 -382.90 -1.09
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
8KMILES 120.15 -6 -4.99
ABGSHIP 3.75 -0.15 -4
ABMINTLTD 16.6 -0.6 -3.61
ADLABS 12.9 -0.6 -4.65
ADROITINFO 22.65 0.75 3.31

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Special Report
18-Oct-2018
STOCK RECOMMENDATION [CASH]
EDELWEISS - [CASH]
This stock has got resistance from its crucial resistance
level of 188 and closed with a bearish candle which
signifies that the bear run has not come to an end, it may
reach upto the level of 158 which is its next support level
so we advice you to sell edelweiss at its current for the
targets of 163-158 with stoploss above 171.
MACRO NEW
 Negative global cues have weighed on Nifty futures on
the Singaporean exchange as well. The SGX Nifty is
trading over 70 points lower, hinting at a lower start
on Friday morning here and is likely to test 10,300-
mark as well.
 Oil prices nudged higher on Friday but were set for a
second weekly drop amid higher US crude inventories,
an ongoing Sino-US trade war and concerns over the
death of a prominent Saudi journalist, according to a
Reuters report. For the week, US crude was down 3.5
percent, while Brent was 1.1 percent lower, putting
both on track for a second consecutive weekly decline.
 Reliance Industries reported a 0.6 percent sequential
growth in consolidated profit to Rs 9,516 crore for the
quarter ended September 2018. Good petrochemical
and telecom businesses offset lower other income and
weak refining business. Consolidated revenue during
the quarter grew by 11.3 percent to Rs 1.43 lakh crore
driven by growth across segments QoQ. Profit on year
increased 17.35 percent and revenue jumped 56.66
percent in second quarter.
 The Trump administration has said it is coming out
with new proposals to not only revise the definition of
specialty occupations under H-1B visas, but also the
definition of employment under this foreign work visa
category which is popular among Indian companies,
according to a report by PTI.
RECOMMENDATIONS [FUTURE]
1.ONGC [FUTURE ]
From its crucial resistance level of 254 the stock has got
resistance and closed with a bearish candle which signifies
that the bear run has not come to an end, it may reach upto
its next support level of 230 and if it breaks this level then
one sided downfall can be found so we advice you to sell
ongc around 230-228 for the targets of 224-220 with
stoploss above 234.
2.MANAPPURAM [FUTURE]
The stock got rejection from its crucial resistance level of 76
and closed with a long bearish candle which signifies that
the bears have overtook the market, it may reach upto the
level of 69 which is its next support level and if it break this
level then 2-3% downside movement can be found so we
advice you to sell manappuram at its current for the targets
of 69-66 with stoploss above 74.

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Special Report
18-Oct-2018
MOST ACTIVE CALL OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
BANKNIFTY CE 25,700 0.05 11,21,590 12,31,600
BANKNIFTY CE 25,800 0.1 10,40,928 11,41,960
BANKNIFTY CE 25,600 0.05 9,35,811 11,44,200
RELIANCE CE 1,200 10.8 9,403 29,50,000
INFY CE 720 5.85 7,798 18,62,400
RELIANCE CE 1,180 15.95 7,033 21,33,000
INFY CE 710 8.8 5,479 11,12,400
RELIANCE CE 1,220 6.75 5,409 15,58,000
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 25,500 297 14,78,178 2,72,160
BANKNIFTY PE 25,400 191.05 14,63,362 1,01,840
BANKNIFTY PE 25,300 109 10,31,828 1,37,680
INFY PE 700 12.1 7,922 11,38,800
RELIANCE PE 1,140 22.7 5,814 10,22,000
RELIANCE PE 1,100 9.7 5,663 17,16,000
RELIANCE PE 1,160 33 5,520 9,43,000
IBULHSGFIN PE 800 66 5,201 4,12,000
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 30166 2710.19 28630 2523.88 280504 22358.88 186.3106
INDEX OPTIONS 1033760 97284.06 1016949 95806.16 1042869 86041.12 1477.9027
STOCK FUTURES 197118 12013.78 194079 11695.34 1292331 85587.24 318.4417
STOCK OPTIONS 107758 7477.41 104350 7310.84 143330 9571.43 166.5658
2149.2208
STOCKS IN NEWS
 ACC Q2: Consolidated net profit rises 15.2 percent to
Rs 209.1 crore versus Rs 181.5 crore; revenue
increases 10.2 percent to Rs 3,433.2 crore versus Rs
3,116.5 crore YoY.
 Mindtree Q2: Profit jumps 30.4 percent to Rs 206.3
crore versus Rs 158.2 crore; revenue rises 7.1
percent to Rs 1,755.4 crore versus Rs 1,639.5 crore;
constant currency revenue growth at 2.4% QoQ.
NIFTY FUTURE
After making a reversal candle on 11oct the index
showed four days upward movement but yesterday
trading session it made a bearish engulf candle which
shows that the bears overtook the market from its
crucial resistance level of 10700 now 10415 is the
nearest support level from where a short time reversal
can be found since on 15oct it rebounded from this level
so from here a long position can be made in nifty future
around 10440-450 for the targets of 10530-570 with
stoploss below 10400.
INDICES R2 R1 PIVOT S1 S2
NIFTY 10807.00 10630.00 10533.00 10356.00 10259.00
BANKNIFTY 26215.00 25701.00 25401.00 24887.00 24587.00

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Special Report
18-Oct-2018
COMMODITY ROUNDUP
Oil slipped below $80 a barrel on Thursday as the fourth
weekly increase in U.S. crude inventories suggested ample
supply, while Saudi-U.S. tension and falling Iranian exports
lent support. U.S. crude inventories rose 6.5 million barrels
last week, the Energy Information Administration said on
Wednesday, the fourth straight weekly increase and almost
three times what analysts had forecast. EIA/S. Brent
crude LCOc1 , the global benchmark, was down 50 cents at
$79.55 a barrel at 0840 GMT. It has dropped over $7 from a
2014 high of $86.74 reached on Oct. 3. U.S. crude CLc1 was
down 28 cents at $69.47.
"Stocks are building," said Olivier Jakob, oil analyst at
Petromatrix. "It's a continuous trend. Week after week, it
does start to add up."Oil had been rising this week on
concern about a decline in Iranian exports due to U.S.
sanctions and tension between the United States and Saudi
Arabia after the death of Saudi journalist Jamal
Khashoggi.U.S. lawmakers pointed the finger at the Saudi
leadership over the disappearance of the Saudi critic,
suggesting sanctions could be possible. Saudi Arabia denies
that it had any role in Khashoggi's disappearance. President
Donald Trump on Wednesday gave Saudi Arabia the benefit
of the doubt in the journalist's disappearance, suggesting
the White House may not take additional action against
Saudi Arabia.
Gold prices fell by 0.19 per cent to Rs 31,806 per ten gram
in futures trade Wednesday as participants trimmed their
positions in line with weak global trend. At the Multi
Commodity Exchange, gold for delivery in December
declined by Rs 62, or 0.19 per cent, to Rs 31,806 per ten
gram in a business turnover of 13,379 lots.
The precious metal to be delivered in November contracts
also fell by Rs 60, or 0.19 per cent, to quote at Rs 31,641 per
ten gram with a business volume of 23,444 lots.
Gold rallied by Rs 110 to Rs 31,460 per 10 gram at the
bullion market today, tracking a firm trend overseas amid
sustained buying by local jewellers.
Silver also advanced by Rs 175 to Rs 39,375 per kg due to
increased offtake by industrial units and coin makers.
Traders said sentiment remained upbeat on the back of a
firm trend overseas as the dollar eased amid fresh concerns
of trade tensions between the US and China.
In sync with gold, silver ready strengthened by Rs 175 to Rs
39,375 per kg and weekly-based delivery by Rs 205 to Rs
38,525 per kg. Silver coins however continued to trade at
last level of Rs 74,000 for buying and Rs 75,000 for selling of
100 pieces.
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
BUY GOLD DEC FUT ABOVE 31950 TGT 32000 32050 SL
BELOW 31900
SELL GOLD DEC FUT BELOW 31850 TGT 31800 31750 SL
ABOVE 31900
SILVER
TRADING STRATEGY:
BUY SILVER DEC FUT ABOVE 39200 TGT 39250 39300 SL
BELOW 39150
SELL SILVER DEC FUT BELOW 38740 TGT 38700 38650 SL
ABOVE 38800

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Special Report
18-Oct-2018
NCDEX INDICES
Index Value % Change
Barley 1827.5 0.66
Castor Seed 5172 2.38
Chana 4137 0.95
Coriander 5570 3.26
Cotton Seed Oilcake 1809.5 1.34
Guar Seed 10 MT 4543 3.2
Jeera 20250 1.07
Mustardseed 4186 0.65
Soy Bean 3302 0.86
Turmeric 6532 0.37
RECOMMENDATIONS
GUARGUM5
TRADING STRATEGY:
BUY GUARGUM OCT ABOVE 9580 TARGET 9630 9680 SL
9530
SELL GUARGUM OCT BELOW 9220 TARGET 9170 9120 SL
9270
DHANIYA
TRADING STRATEGY:
BUY CORIANDER OCT ABOVE 5600 TARGET 5650 5700 SL
5550
SELL CORIANDER OCT BELOW 5500 TARGET 5550 5600 SL
5450
Turmeric prices were trading up by 0.46 per cent to Rs
6,526 per quintal in futures trade Wednesday as
participants built up fresh positions, mainly driven by uptick
in domestic and export demand in the spot market. Besides,
limited arrivals from major producing regions fuelled the
uptrend. At the National Commodity and Derivatives
Exchange, turmeric for delivery in December month was
trading higher by Rs 30, or 0.46 per cent, to Rs 6,526 per
quintal with an open interest of 1,195 lots. Similarly, the
spice for delivery in November month increased by Rs 18, or
0.28 per cent, to Rs 6,526 per quintal, in an open interest of
12,490 lots. Chana prices declined by 0.34 per cent to Rs
4,084 per quintal in futures market Wednesday as
speculators booked profits amid ample stocks position at
the spot market against low demand.
At the National Commodity and Derivatives Exchange,
chana for delivery in November fell by Rs 16, or 0.34 per
cent, to Rs 4,084 per quintal with an open interest of 43,980
lots. Likewise, the commodity for delivery in December
shed Rs 11, or 0.27 per cent to Rs 4,102 per quintal in
10,680 lots. Heavy rain in Kerala and parts of Karnataka in
the past two months has damaged the arecanut crop.
Growers are also expecting a sharp drop in production in
the coming harvest as they struggle to cope with illegal
imports into the country. “We expect 35 per cent shortfall
in the crop. Rains have led to disease of the nuts,” said M
Suresh Bhandary, MD of Mangalore-based Campco, which
buys large quantities of nuts.
Arecanut, a chief ingredient of pan masala, is mainly grown
in Karnataka, Kerala and Assam. As per advance estimates
of production by Directorate of Arecanut and Spices
Development, output was 822,495 tonnes in 2017-18, a
marginal rise from the previous year. Though area under
the nut has remained stagnant, productivity has gone up in
certain regions.

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Special Report
18-Oct-2018
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 73.4846 Yen 65.4700
Euro 84.9800 GBP 96.8684
USD/INR
TRADING STRATEGY:
BUY USDINR ABOVE 74.00 TGT 74.50/75.00 SL BELOW 73.50
SELL USDINR BELOW 73.50 TGT 73.00/72.50 SL ABOVE 74.00
GBP/INR
TRADING STRATEGY:
BUY GBPINR ABOVE 97.70 TGT 98.20/98.70 SL BELOW 97.20
SELL GBPINR BELOW 96.50 TGT 96.00/95.50 SL ABOVE 97.00
The dollar rallied to a one-week high against its rivals on
Thursday as upbeat Fed minutes confirmed that
policymakers are likely to raise interest rates a few more
times until end-2019.
While interest rate differentials haven't played a big role in
the first half of the year in predicting currency trends as
trade war concerns have dominated sentiment, that
relationship has begun to exert its influence again in recent
weeks.
The gap between ten-year U.S. yields and its German
counterparts has widened out to three-decade highs of
274 basis points and market watchers expect the spread to
widen more in the coming months.
The minutes from the Fed's Sept. 25-26 meeting showed
every Fed policymaker backed raising interest rates and
also generally agreed borrowing costs were set to rise
further, despite U.S. President Donald Trump's view that
the tightening have already gone too far. minutes confirm
that policymakers are expected to raise rates more over
the next year and that is helping the dollar gain and the
risk off moves last night in Asian stocks is also another
factor," said Richard Falkenhall, senior FX strategist at SEB
in Stockholm.China's benchmark stock index .
SSEC skidded to four-year lows, sapping appetite for risk
taking with the euro EURCHF= down 0.1 percent against
the perceived safe-haven Swiss Franc.Interest rate futures
are now pricing in an 83 percent likelihood that the Fed
raises rates in December, according to the CME Group's
FedWatch Tool, the fourth hike this year.
Two more increases are expected next year.Against a
basket of its rivals =USD .DXY , the dollar gained for a third
consecutive day, up 0.2 percent at 95.78.
A semi-annual report by the U.S. Treasury report released
overnight refrained from naming China directly as a
currency manipulator though market watchers said
Washington will closely monitor the Chinese currency's
moves. Bank strategists termed the report "as a bit of an
escalation without being too dramatic".
The Chinese currency traded in the offshore market
CNH=D3 was trading near a three-month low against the
dollar at 6.9385 yuan per dollar.
The euro EUR= changed hands at $1.1497 on Thursday,
trading flat versus the greenback, after losing 0.65 percent
on Wednesday.

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Special Report
18-Oct-2018
Date
Commodity/
Currency Pairs
Contract Strategy Entry Level Target Stop Loss Remark
17/10/18 NCDEX DHANIYA SEP BUY 5450 5500 5550 5400 OPEN
17/10/18 NCDEX DHANIYA SEP SELL 5330 5280 5230 5380 NOT EXECUTED
17/10/18
NCDEX
GUARGUM5
OCT BUY 9580 9630 9680 9530 NOT EXECUTED
17/10/18
NCDEX
GUARGUM5
OCT SELL 9220 9170 9120 9270 NOT EXECUTED
17/10/18 MCX GOLD OCT BUY 32210 32250 32300 32160 NOT EXECUTED
17/10/18 MCX GOLD OCT SELL 32030 32000 31150 32080 SL TRIGGERED
17/10/18 MCX SILVER SEP BUY 39380 39430 39480 39330 NOT EXECUTED
17/10/18 MCX SILVER SEP SELL 39120 38070 38020 39170 NOT EXECUTED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
17/10/18 NIFTY FUTURE BUY 10630-50 10700-750 10580 SL TRIGGERED
17/10/18 GRANULES FUTURE BUY 1040.70 1060 1035 SL TRIGGERED
17/10/18 TORNTPOWER FUTURE BUY 245.25 250 240 SL TRIGGERED
17/10/18 EQUITAS CASH BUY 131.60 138 128 SL TRIGGERED

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Special Report
18-Oct-2018
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Disclaimer
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS
TIME (ET) REPORT PERIOD ACTUAL FORECAST PREVIOUS
MONDAY, OCT. 15
8:30 am Retail sales Sept. 0.1%
8:30 am
8:30 am Empire State index Oct. 19.0
10 am Business inventories Aug. 0.6%
TUESDAY, OCT. 16
9:15 am Industrial production Sept. 0.4%
9:15 am Capacity utilization Sept. 78.1%
10 am
10 am Home builders' index Oct. 67
WEDNESDA
Y, OCT. 17
WEDNESDAY, OCT. 17
WEDNESD
AY, OCT.
17
WEDNESDAY, OCT.
17
WEDNESDAY,
OCT. 17
WEDNESDA
Y, OCT. 17
8:30 am Housing starts Sept. 1.28 mln
8:30 am Building permits Sept. 1.25 mln
2 pm
THURSDAY,
OCT. 18
THURSDAY, OCT. 18
THURSDA
Y, OCT. 18
THURSDAY, OCT. 18
THURSDAY,
OCT. 18
THURSDAY,
OCT. 18
8:30 am Weekly jobless claims 10/13 N/A N/A
8:30 am Philly Fed manufacturing Oct. 22.9
10 am Leading economic indicators Sept. 0.4%
FRIDAY,
OCT. 19
FRIDAY, OCT. 19
FRIDAY,
OCT. 19
FRIDAY, OCT. 19 FRIDAY, OCT. 19
FRIDAY,
OCT. 19
10 am Existing home sales Sept. 5.34 mln

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