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1. _____________________________________________________________________________________________________________________
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Special Report
24-Aug-2018
Global markets at a glance
The Dow Jones Industrial Average fell 76.62 points, or 0.3
percent, to 25,656.98, the S&P 500 lost 4.84 points, or 0.17
percent, to 2,856.98 and the Nasdaq Composite dropped
10.64 points, or 0.13 percent, to 7,878.46. Wall Street's
major indexes fell on Thursday as trade-sensitive stocks
were hit by a fresh round of tariffs in the trade dispute
between the United States and China. Despite ongoing
talks, the two countries imposed tariffs on $16 billion
worth of each other's goods. Shares of industrial giants
Caterpillar Inc and Boeing Co , which have been
bellwethers of trade sentiment, were among the biggest
drags on the Dow. Caterpillar shares fell 2.0 percent, and
Boeing shares fell 0.7 percent. In the S&P 500, the
technology sector was the sole gainer, rising 0.2 percent.
But it pared gains late in the session, sending the tech-
heavy Nasdaq into negative territory along with the S&P
and the Dow.
Asian stocks tracked Wall Street losses and edged down in
early trade on Friday, but the dollar was buoyant after
ending a long losing run ahead of a speech by Federal
Reserve Chairman Jerome Powell. MSCI's broadest index of
Asia-Pacific shares outside Japan shed 0.18 percent.
Australian stocks rose 0.16 percent, South Korea's KOSPI
fell 0.35 percent and Japan's Nikkei climbed 0.35 percent.
The S&P 500 shed 0.17 percent overnight to pull back
slightly from a record high scaled midweek, with industrial
shares sagging after the United States and China imposed a
fresh round of trade tariffs on each other.
The benchmark S&P 500 touched a record high on Tuesday
and equalled its longest-ever bull-market run, buoyed by
strong earnings reports in the consumer sector and relative
calm in the trade dispute between the United States and
China.
The S&P 500 rose as much as 0.6 percent to a record
intraday high of 2,873.23 points, topping its previous
record high of 2,872.87 on Jan. 26, though it closed below
both those marks.Late in the day, stock market futures fell
after US President Donald Trump's former personal lawyer,
Michael Cohen, pleaded guilty to campaign finance
violations and other charges, saying he made payments to
influence the 2016 election at the direction of a candidate
for federal office.
Index stats
The Market was very volatile in last session. The sartorial in
dices performed as follow; Commodities[-25.25],
Consumption[+12.8pts],PSE[—16.05pts],CPSE[-
+14.7pts],Energy[+44.60pts],FMCG[+111.15pts],Auto[-
67.10pts],Pharma[+160.70pts],IT[+98.45pts],Metal[-
48.65pts],Realty[+2.05 pts], Fin Serv sector[-1.75pts].
World Indices
Index Value % Change
DJI 25,656.98 -0.30
S&P500 2,856.98 -0.17
NASDAQ 7,878.46 -0.13
FTSE100 7,563.22 -0.15
NIKKEI 22,575.78 +0.74
HANG SENG 27,689.79 -0.36
Top Gainers
Company CMP Change % Chg
TECHM 728.9 17.25 2.75
DRREDDY 2,467.90 52.65 2.36
NTPC 164.5 3.50 2.27
HCLTECH 1,026.00 21.05 2.13
LT 1,349.95 29.50 2.07
Top Losers
Company CMP Change % Chg
TATAMOTORS 256.55 -11.90 -4.56
BPCL 358.5 -11.00 -2.78
IOC 153.65 -7.25 -2.57
HINDPETRO 260.1 -5.35 -2.53
HINDALCO 221.15 -19.85 -2.32
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
ALMONDZ 40.6 -0.1 -0.25
AXISBANK 635.75 -1.75 -0.28
BAJFINANCE 2871.8 19.25 0.67
BATAINDIA 1034 47 4.55
BBTC 1673.6 334.7 20
Indian Indices
Company CMP Change % Chg
NIFTY 11582.8 11.9 0.10
SENSEX 38336.76 51.01 0.13
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
ALCHEM 5.65 -0.15 -2.65
AMTEKAUTO 6.35 -0.3 -4.72
AYMSYNTEX 39.45 -0.15 -0.38
BALAJITELE 107.45 -0.45 -0.42
BLBLIMITED 4.75 -0.2 -4.21

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
24-Aug-2018
STOCK RECOMMENDATION [CASH]
LUPIN - [CASH]
Stock has shown good upside rally and it gave closing
above the 200 SMA on daily chart. It should form W
pattern on daily chart. We recommend to buy from
current level for the target of 950 with the stop loss of
865.
MACRO NEWS
 VRL Logistics, one of the largest transportation and
logistics company in India, had a muted performance
in the first quarter of this fiscal year as the volume
growth was offset by an increase in fuel costs.The
company has seen an uptick in demand after the
implementation of the goods and services tax (GST)
and along with the e-way bill, this is helping organised
players attract fresh business as smaller unorganised
players are facing compliance as well as regulatory
cost pressures.
 Australian Treasurer Scott Morrison will become
Australia's new prime minister after winning a Liberal
party leadership vote on Friday, ending an internecine
battle that has scarred the conservative government
ahead of an election due by May 2019. Morrison, who
will be Australia's sixth prime minister in less than 10
years, emerged victorious from a three-way race with
former home affairs minister Peter Dutton and Foreign
Minister Julie Bishop.
 Securities and Exchange Board of India
(SEBI) Chairman Ajay Tyagi expressed concerns over
the growing concentration of assets under
management (AUM) among the top seven players.
RECOMMENDATIONS [FUTURE]
1.GRANULES [FUTURE ]
Stock has given good closing and it also closed above the
resistance level on daily chart. The RSI and CCI are indicating
strong buy on daily chart. We recommend to buy from
current level for the target of 120 with the stop loss of 113.
2.MARICO [FUTURE]
After a short consolidation stock outperformed well with
volume breakout on daily chart and it closed near to days
high. We recommend to buy from current level for the
target of 390 with the stop loss of 380.

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
24-Aug-2018
MOST ACTIVE CALL OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
BANKNIFTY CE 28,100 0.05 14,92,882 21,69,920
BANKNIFTY CE 28,200 0.05 14,76,907 22,49,080
BANKNIFTY CE 28,300 0.05 11,32,586 18,43,600
BANKNIFTY CE 28,000 8.9 10,53,926 2,13,440
BANKNIFTY CE 28,400 0.05 6,94,487 14,84,240
BANKNIFTY CE 28,500 0.05 4,27,003 12,20,080
NIFTY CE 11,600 58.5 2,21,867 35,32,125
NIFTY CE 11,700 20.15 1,64,997 28,80,600
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 28,000 0.05 19,25,474 14,70,080
BANKNIFTY PE 28,100 71.1 11,99,109 1,08,000
BANKNIFTY PE 27,900 0.05 8,37,405 12,61,640
BANKNIFTY PE 28,200 136.95 4,93,483 16,160
BANKNIFTY PE 27,800 0.05 4,28,528 6,08,360
NIFTY PE 11,500 33.9 1,88,463 45,85,650
NIFTY PE 11,600 65.8 1,36,827 17,90,400
BANKNIFTY PE 27,700 0.05 1,24,297 2,75,240
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 38251 3644.28 36601 3285.89 370555 32513.30 358.39
INDEX OPTIONS 1313514 139836.43 1305513 138889.15 783391 70261.48 947.28
STOCK FUTURES 240851 17675.32 244055 17669.98 1162397 88524.28 5.34
STOCK OPTIONS 168146 13467.60 169771 13497.45 154782 11966.76 -29.84
1281.17
STOCKS IN NEWS
 ONGC gains 2%; UBS maintains buy with target Rs
245 ,It believes that strong earnings trajectory and
potential of stake sales would be positive for the
company.
 D-Street Buzz: PSU banks gain led by PNB; RIL hits
new record high, Hexaware plunges 14%.
NIFTY FUTURE
Nifty future hit again all time high of 11622 then it weak
hands created profit booking due to that it slipped form
the highs but near the previous day high it again
bounced and closed near all time high. Technically it is
moving in rising wedge pattern where RSI also in over
bought region while if we see candle stick on daily chat it
is similar to hanging man pattern so trade with strict
stop loss since the trend is positive but according to
pattern here we can see 120 points fall from the 11630
so sell Nifty near these level with stop loss of 11700 for
the target of 11560 11480.
INDICES R2 R1 PIVOT S1 S2
NIFTY 11645.00 11613.00 11580.00 11548.00 11515.00
BANKNIFTY 28451.27 28239.13 28102.57 27890.43 27753.87

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
24-Aug-2018
COMMODITY ROUNDUP
Gold prices edged up on Friday after falling nearly 1 percent
in the previous session, but expectations of higher U.S.
interest rates and a robust dollar amid the Sino-U.S. trade
war kept a lid on the market. Gold has lost its appeal as a
safe-haven asset amid international trade disputes and the
Turkish currency crisis, with investors increasingly turning to
the U.S. dollar instead. Spot gold XAU= was up 0.2 percent
at $1,187.06 an ounce at 0337 GMT, after falling about $10
on Thursday. Prices have risen 0.2 percent so far this week,
after dropping for six straight weeks.
U.S. gold futures GCcv1 were down 0.1 percent at $1,192.60
an ounce. U.S. and Chinese officials ended two days of talks
on Thursday with no major breakthrough as their trade war
escalated with activation of another round of tariffs on $16
billion worth of each country's goods. are worried about the
trade war and that has helped the dollar. But the dollar will
not be as strong as it has been going forward and that
should help gold prices to go up," said Ji Ming, chief analyst
at Shandong Gold Group. The dollar eased 0.1 percent to
95.587 against a basket of six major currencies .DXYon
Friday, after rising 0.6 percent the day before.
Investor focus is shifting to a speech by Federal Reserve
Chairman Jerome Powell later on Friday at an annual
meeting of central bankers in Jackson Hole, Wyoming. Fed
policymakers broadly agree that U.S. interest rates should
rise further this year and next, despite U.S. President
Donald Trump's displeasure with such a plan, two
policymakers' comments underscored on Thursday. officials
have been repeatedly saying that rates will be raised in the
future and there was no surprise in that. What their
reaffirmation tells the market is that the central bank will
not be influenced by President Donald Trump," Ming said.
Gold has fallen about 9 percent so far this year on a firm
dollar and rising interest rates. Prices touched 1-1/2-year
lows last week, before recovering a touch.
"There is some buying as gold has been in a downward
trough for a while. $1,200 remains an interesting level and
we might see prices going down again if that level does not
hold," said Brian Lan, managing director at dealer GoldSilver
Central in Singapore. Negative sentiment towards gold was
reflected in record net short positions and liquidations in
exchange traded funds (ETF). Holdings of SPDR Gold
Trust GLD , the world's largest gold-backed ETF, have fallen
over 3 million ounces from a peak in late April. GOL/ETF
Spot silver XAG= was up 0.2 percent at $14.49 an ounce,
after touching a one-week lows of $14.41 on Thursday.
Platinum XPT= was up 0.6 percent at $779.80 an ounce,
after earlier hitting its lowest in a week at $769.50.
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
BUY GOLD ABOVE 29730 TGT 29830 30030 SL BELOW
29630
SELL GOLD BELOW 29530 TGT 29430 29230 SL ABOVE
29630
SILVER
TRADING STRATEGY:
BUY SILVER ABOVE 36800 TGT 37000 37300 SL BELOW
36600
SELL SILVER BELOW 36500 TGT 36300 36000 SL ABOVE
36700

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
24-Aug-2018
NCDEX INDICES
Index Value % Change
Barley 1623.5 -0.64
Castor Seed 4759 0.93
Chana 4205 -1.36
Coriander 4891 -1.53
Cotton Seed Oilcake 1775 -2.61
Guar Seed 10 MT 4347 -3.57
Jeera 19675 -3.41
Mustardseed 4132 -0.51
Soy Bean 3292 -1.02
Turmeric 6910 -1.62
RECOMMENDATIONS
GUARGUM5
TRADING STRATEGY:
BUY GUARGUM OCT ABOVE 9680 TARGET 9730 9780 SL
9630
SELL GUARGUM OCT BELOW 9300 TARGET 9250 9200 SL
9350
DHANIYA
TRADING STRATEGY:
BUY CORIANDER SEP ABOVE 5210 TARGET 5260 5310 SL
5160
SELL CORIANDER SEP BELOW 4870 TARGET 4820 4770 SL
4920
Raw sugar prices slipped on Thursday, hovering near 10-
year lows as ample supplies and a weak Brazilian currency
weighed, while arabica coffee also fell and cocoa continued
to advance. Cocoa prices on ICE rose for the fourth straight
session on Thursday, buoyed by lower bean arrivals in top
grower Ivory Coast and strengthening charts, which lifted
the New York premium over London to the highest since
May. Raw sugar and arabica coffee hovered above the prior
session's multi-year lows, shrugging off further weakness in
the currency in No. 1 producer Brazil.
Although 94 per cent kharif sowing has been completed in
Maharashtra so far, crop loan for the season has been
disbursed to only about 50 per cent farmers till now, an
official said today. According to the official, this delay in
loan disbursement was due to several factors, including that
previous unpaid debts have rendered a number of farmers
ineligible to get fresh loan. Earlier this week, the state
government announced that of the total 140.69 lakh
hectares of agricultural .
The food ministry today extended the deadline for
exporting 2 million tonne of sugar by three months to
December as only a fourth of it has been shipped so far.
In March, the government had allowed sugar export in view
of record domestic output of 32 MT. Mill-wise, Minimum
Indicative Export Quotas (MIEQ) were allocated by the
ministry in May. "The date of export of MIEQ allocated to
sugar mills is extended by three months up to December
31," an official order said. As per the official data, only about 5
lakh tonne sugar has been exported so far.
The government has taken slew of measures to bail out
cash-starved sugar mills as well as cane farmers. Record
sugar production in 2017-18 season ending September
depressed local prices resulting in huge cane arrears which
touched the peak of Rs 23,232 crore in May-end.

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
24-Aug-2018
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 70.0656 Yen 63.21
Euro 81.0486 GBP 90.2576
USD/INR
TRADING STRATEGY:
BUY USDINR ABOVE 70.20 TGT 70.40/70.65 SL BELOW 70
SELL USDINR BELOW 69.95 TGT 69.75/69.55 SL ABOVE 70.15
GBP/INR
TRADING STRATEGY:
BUY GBPINR ABOVE 90.05 TGT 90.25/90.50 SL BELOW 89.85
SELL GBPINR BELOW 89.80 TGT 89.60/89.40 SL ABOVE 90
India must put an end to the dual control over public
sector banks, which have been under severe stress due to
high level of sticky loans, former Reserve Bank of India
Governor Yaga Venugopal Reddy said.He said that
improving governance in public sector banks is more
important than consolidation. Governance and prudential
regulation are the two aspects to the regulation and
supervision of banks. The governance relates to the fit and
proper criteria of the board of directors, the senior
management and their role in the functioning of the
banks. The RBI regulates both governance and prudential
norms of private banks. For public banks, the government
exercises the powers relating to governance while leaving
prudential regulation to RBI. Present RBI Governor Urjit
patel has recently exasperated the government by stating
that RBI did not have enough powers to regulate public
sector banks. "The government is fully responsible for
perpetuating the problem of dual control for over 25 years.
There must be reasons for this state of affairs. They are
called political economy considerations," Reddy said
Thursday in Kolkata.
India needs three-four large lenders which could figure
among top 200 global-sized banks, Niti Aayog vice-
chairman Rajiv Kumar said today. Kumar made a strong
case for giving banking sector more freedom to take risks
and provide credit to industry especially the MSME sector.
"We need to have 3-4 banks of global standard in size," he
said adding they ought to figure in top 200 global-sized
banks. While speaking at an event here, he regretted that
India's banking sector is highly conservative and risk
averse."Our banking sector is high conservative. It's risk
appetite is minimal and it's capacity of project assessment
is not as much it should be. So, it takes recourse to safe
banking," the Niti Aayog vice chairman said. He further said
that the RBI should refrain from over regulation and
encourage banks to take risks and increase exposure to the
MSME sector . The central bank should take steps to
enhance the lending capacity of the banks, he said, adding
that India's credit to GDP ratio is very low compared to
many countries.
The dollar held onto recent gains in early trade on Friday
after U.S. and Chinese officials ended two days of trade
talks without any major breakthroughs.

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
24-Aug-2018
Date
Commodity/
Currency Pairs
Contract Strategy Entry Level Target Stop Loss Remark
23/08/18 NCDEX DHANIYA SEP BUY 5030 5080-5130 4980 NOT EXECUTED
23/08/18 NCDEX DHANIYA SEP SELL 4968 4918-4868 5018 TARGET HIT
23/08/18
NCDEX
GUARGUM5
OCT BUY 9740 9790-9840 9690 NOT EXECUTED
23/08/18
NCDEX
GUARGUM5
OCT SELL 9620 9570-9500 9670 TARGET HIT
23/08/18 MCX GOLD OCT BUY 29800 29900-31100 29700 NOT EXECUTED
23/08/18 MCX GOLD OCT SELL 29600 29500-29300 29700 OPEN
23/08/18 MCX SILVER SEP BUY 37000 37200-37500 36800 NOT EXECUTED
23/08/18 MCX SILVER SEP SELL 36600 36400-36100 36800 OPEN
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
23/08/18 NIFTY FUTURE SELL 11620 11530 11700 IN PROFIT
23/08/18 KTKBANK FUTURE SELL 128-129 125 131 NOT EXECUTED
23/08/18 KSCL FUTURE BUY 632 650 628 IN PROFIT
23/08/18 CESE CASH BUY 1000 1020 980 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
24-Aug-2018
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
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NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS
TIME (ET) REPORT PERIOD ACTUAL FORECAST PREVIOUS
MONDAY, AUG. 20
None scheduled
TUESDAY, AUG. 21
None scheduled
WEDNESDA
Y, AUG. 22
WEDNESDAY, AUG. 22
WEDNESD
AY, AUG.
22
WEDNESDAY, AUG.
22
WEDNESDAY,
AUG. 22
WEDNESDA
Y, AUG. 22
WEDNESDAY, AUG. 22
2 pm FOMC minutes 7/31-8/1
THURSDAY, AUG. 23
9:45 am Markit manufacturing PMI (flash) Aug. -- 55.3
9:45 am Markit services PMI (flash) Aug. -- 56.0
10 am New home sales July 641,000 631,000
FRIDAY, AUG. 24
8:30 am Core capital goods orders July -- 0.7%
10 am Jerome Powell speaks