Special report-24-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
24-Oct-2018
Global markets at a glance
US stocks fell on Tuesday after worries about the earnings
outlook added to recent selling pressure, though major
indexes ended well off the day's lows as investors snapped
up beaten-down shares late in the session.
Shares of Caterpillar tumbled 7.6 percent after the heavy-
equipment maker maintained its 2018 earnings forecast,
following forecast increases in the previous two quarters.
3M Co slid 4.4 percent after cutting its full-year profit
outlook due to foreign currency-related challenges.
That reignited worries over the impact of rising borrowing
costs, wages and tariffs on corporate profits and caused
S&P industrial stocks to slide 1.6 percent.Along with
worries over profit growth, concerns over the upcoming
U.S. mid-term elections and Italy's budget have also sent
investors scrambling out of stocks.
The S&P 500 energy index fell 2.7 percent, the most of any
sector, as oil prices plunged after Saudi Arabia said it could
supply more crude quickly if needed.
Investors trimmed most of the losses in afternoon trading
as some thought the losses were overdone. Technical
buying at support levels around 2,700 on the S&P 500 also
helped stocks to bounce back, strategists said.
Asian stocks edged lower on Wednesday as concerns,
ranging from worries about US corporate earnings to
Middle East tensions, weighed on sentiment while crude oil
approached two-month lows after Saudi Arabia flagged
possible supply increases.
MSCI's broadest index of Asia-Pacific shares outside Japan
was down 0.2 percent, extending the decline of more than
2 percent in the previous session.
Global stocks have suffered this week on worries about US
earnings, Italian government finances, US trade tensions
and mounting pressure on Saudi Arabia over the death of
dissident journalist Jamal Khashoggi.
PREVIOUS DAY ROUNDOFF
The index made a small bullish candle and formed 'Long
Legged Doji' pattern on the daily candlestick charts.
The Nifty50 after the gap down opening traded range
bound and extended losses in the second half of the
session to hit an intraday low of 10,102.35. The index
managed to recover some losses in late trade but still
closed 98.50 points lower at 10,146.80.India VIX fell sharply
by 10.87 percent at 19.03.
Index stats
The Market was very volatile in last session. The sartorial in
dices performed as follow; Commodities[-39.00pts],
C o ns um pt io n[ -43 .1 5pt s ],P SE [8 .60 pt s ],CP SE [ -
0.40pts],Energy[-49.70pts],FMCG[-316.95pts],Auto[-
51.30pts],Pharma[-278.40pts],IT[-406.70pts],Metal[-
26.90pts],Realty[0.35 pts], Fin Serv sector[-14.35pts].
World Indices
Index Value % Change
DJI 25,191.40 -0.50
S&P500 2,740.69 -0.55
NASDAQ 7,118.67 -0.32
FTSE100 6,955.21 -1.24
NIKKEI 22,124.93 0.52
HANG SENG 25,565.67 0.86
Top Gainers
Company CMP Change % Chg
HPCL 217.90 7.30 3.47
Indiabulls Hsg 734.65 21.50 3.01
HDFC 1,686.75 28.45 1.72
IndusInd Bank 1,473.15 23.70 1.64
Bajaj Auto 2,586.50 29.60 1.1
Top Losers
Asian Paints 1,138.45 -61.95 -5.16
Sun Pharma 575.85 -31.05 -5.12
Wipro 309.10 -13.10 -4.07
Grasim 825.95 -31.40 -3.66
UltraTechCement 3,343.65 -119.60 -3.4
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
BLUECHIP 0.3 0.05 16.67
ICICILIQ 999.99 0 0
JAINSTUDIO 9.55 0.45 4.71
KSB 731.5 -21.5 -2.94
LIQUIDETF 1000 0 0
Indian Indices
NIFTY 10146.80 -98.50 -0.96
SENSEX 33847.23 -287.15 -0.84
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
3IINFOTECH 3.25 -0.05 -1.54
5PAISA 186.3 -7.35 -3.95
8KMILES 103.05 -5.15 -5
AAVAS 678.4 -47.35 -6.98
ABCAPITAL 100.05 -3.05 -3.05

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Special Report
24-Oct-2018
STOCK RECOMMENDATION [CASH]
UJJIVAN - [CASH]
The particular stock is continuously breaking its important
support levels day by day. Yesterday it broke its life time
low of 216.65 but closed above it due to market volatility.
The stock has a tendency to show initial upside movement
and rebounds from its nearest resistance level so it would
be better to wait for an hour to trade on this stock. Our
suggestion is to short ujjivan around 214-212 for the
targets of 208-200 with stoploss above 218.
MACRO NEW
 Trends on SGX Nifty indicate a positive opening for the
broader index in India, a gain of 55 points or 0.54
percent. Nifty futures were trading around 10,227-
level on the Singaporean Exchange.
 Oil prices on Tuesday extended falls from the previous
day, when crude slumped as much as 5 percent, after
Saudi Arabia said it would make up for supply
disruptions from US sanctions targeting Iran’s
petroleum exports from next month.Front-month
Brent crude oil futures were at $76.37 a barrel at 0031
GMT, 7 cents below their last close. US West Texas
Intermediate (WTI) crude futures were at $66.31 a
barrel, 12 cents below their last settlement.
 The Reserve Bank will infuse liquidity into the market
by purchasing government bonds of around Rs 12,000
crore in an auction on October 25. "Based on an
assessment of prevailing liquidity conditions and also
of the durable liquidity needs going forward, the
Reserve Bank has decided to conduct purchase of the
government securities under Open Market Operations
for an aggregate amount of Rs 120 billion on October
25, 2018," RBI said in a release.
 National Stock Exchange of India (NSE) said it has got
regulatory approval to launch copper large futures
contract with a trading unit of 25 tonne.
RECOMMENDATIONS [FUTURE]
1.DIVISLAB [FUTURE ]
Yesterday the pharma sector showed a major negative trend
from the initial session of the market. From the daily chart
divislab is making a clear head and shoulder pattern
respecting its nearest support level of 1240. Since few
months the market is showing excess volatility in the starting
session so it would be better to trade this stock if it
maintains its level around 1240-1235 in the first hour of the
market so we advice you to sell divislab future around 1238-
1235 for the targets of 1220-1200 with stoploss above 1255.
2.M&M [FUTURE]
In the yesterday trading session the stock broke its crucial
support level of 725 but due to market volatility it regained
its losses and closed with a bullish doji candle above it. From
here we can get an early sign of reversal so it would be
better to follow buy on dip strategy around 728-730 for the
targets of 740-750 with stoploss below 720.

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Special Report
24-Oct-2018
MOST ACTIVE CALL OPTION
Symbol Optio
n
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 10,200 63.8 4,32,329 22,03,125
NIFTY CE 10,300 24.6 4,25,563 26,50,950
BANKNIFTY CE 25,200 130.45 3,14,019 6,46,880
BAJFINANCE CE 2,200 33 14,579 5,55,000
RELIANCE CE 1,060 13.9 12,563 10,22,000
RELIANCE CE 1,080 5.85 12,523 15,29,000
RELIANCE CE 1,100 2.55 10,875 35,20,000
SBIN CE 270 0.6 8,304 39,90,000
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
NIFTY PE 10,100 42.2 4,06,405 21,64,350
NIFTY PE 10,000 20.35 4,05,567 36,66,075
BANKNIFTY PE 24,500 50.15 3,29,619 8,61,080
RELIANCE PE 1,040 5.9 10,046 9,99,000
RELIANCE PE 1,020 2.5 7,286 9,02,000
BAJFINANCE PE 2,000 18 6,297 2,97,000
ASIANPAINT PE 1,100 5 6,030 1,94,400
RELIANCE PE 1,000 1.2 5,996 14,98,000
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 97249 7962.52 90663 7437.56 278453 21527.84 524.9607
INDEX OPTIONS 1303345 114330.74 1292493 113388.73 1078190 85240.07 942.0101
STOCK FUTURES 505205 30749.93 499826 30400.41 1352690 85008.72 349.5161
STOCK OPTIONS 132030 9280.48 130636 9125.34 141875 9108.72 155.1423
1971.6292
STOCKS IN NEWS
 Ambuja Cements Q3: Profit falls 34.4 percent to Rs
178.6 crore versus Rs 272.4 crore; revenue rises 12.6
percent to Rs 2,613.9 crore versus Rs 2,321.8 crore
YoY.
 Bajaj Corp Q2: Profit rises to Rs 51.65 crore versus Rs
50.71 crore; revenue increases to Rs 212.72 crore
versus Rs 204.13 crore YoY.
NIFTY FUTURE
The index made a small bullish candle and formed 'Long
Legged Doji' pattern on the daily candlestick charts. The
Nifty50 after the gap down opening traded range bound
and extended losses in the second half of the session to
hit an intraday low of 10,102.35. The index managed to
recover some losses in late trade but still closed 98.50
points lower at 10,146.80, so we advice you to buy nifty
future around 10190-200 for the targets of 10250-300
with stoploss below 10130.
INDICES R2 R1 PIVOT S1 S2
NIFTY 10276.00 10211.00 10156.00 10091.00 10036.00
BANKNIFTY 25300.00 25136.00 24960.00 24796.00 24620.00

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Special Report
24-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 31920 TGT 32000 32050 SL
BELOW 31850
SELL GOLD DEC FUT BELOW 31850 TGT 31800 31750 SL
ABOVE 31900
SILVER
TRADING STRATEGY:
BUY SILVER DEC FUT ABOVE 38910 TGT 38950 39000 SL
BELOW 38850
SELL SILVER DEC FUT BELOW 38650 TGT 38600 38550 SL
ABOVE 38700

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Special Report
24-Oct-2018
NCDEX INDICES
Index Value % Change
Barley 1895 -0.05
Castor Seed 5416 0.82
Chana 4118 -0.91
Coriander 5650 -1.24
Cotton Seed Oilcake 1819 1.31
Guar Seed 10 MT 4669 0.48
Jeera 19930 -0.4
Mustardseed 4200 -0.45
Soy Bean 3237 0.34
Turmeric 6616 0.15
RECOMMENDATIONS
GUARGUM5
TRADING STRATEGY:
BUY GUARGUM OCT ABOVE 10150 TARGET 10200 10250 SL
10100
SELL GUARGUM OCT BELOW 10050 TARGET 10000 9950 SL
10100
DHANIYA
TRADING STRATEGY:
BUY CORIANDER OCT ABOVE 5670 TARGET 5700 5750 SL
5620
SELL CORIANDER OCT BELOW 5600 TARGET 5550 5500 SL
5650
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
24-Oct-2018
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 73.7818 Yen 65.6200
Euro 84.4743 GBP 95.5568
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 96.50 TGT 97.00/97.50 SL BELOW 96.00
SELL GBPINR BELOW 95.50 TGT 95.00/94.50 SL ABOVE 96.00
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
24-Oct-2018
Date
Commodity/
Currency Pairs
Contract Strategy Entry Level Target Stop Loss Remark
23/10/18 NCDEX DHANIYA SEP BUY 5750 5800 5850 5700 TARGET HIT
23/10/18 NCDEX DHANIYA SEP SELL 5600 5550 5500 5650 NOT EXECUTED
23/10/18
NCDEX
GUARGUM5
OCT BUY 10050 10100 10150 10000 TARGET HIT
23/10/18
NCDEX
GUARGUM5
OCT SELL 9750 9700 9650 9800 NOT EXECUTED
23/10/18 MCX GOLD OCT BUY 31920 32000 32050 31850 TARGET HIT
23/10/18 MCX GOLD OCT SELL 31850 31800 31750 31900 NOT EXECUTED
23/10/18 MCX SILVER SEP SELL 38830 38580 38650 38780 TARGET HIT
23/10/18 MCX SILVER SEP BUY 38910 38950 39000 38850 SL TRIGGERED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
23/10/18 NIFTY FUTURE BUY 10190-200 10250-300 10130 SL TRIGGERED
23/10/18 M&M FUTURE SELL 731-728 720-710 740 OPEN
23/10/18 IRB FUTURE SELL 119-118 115-110 122 SL TRIGGERED
23/10/18 HDFCLIFE CASH SELL 365-363 358-350 370 IN PROFIT

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Special Report
24-Oct-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, 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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