epic research's daily special report 13th december 2016.pdf

DAILY REPORT

13th DECEMBER 2016

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance

Asian shares were on tenterhooks on Tuesday as investors awaited the Federal Reserve's meeting that begins later in session for clues on the outlook for US monetary policy, while crude oil prices pulled back after their surge to 18-month highs. MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.1 percent in early trade, while Japan's Nikkei stock index slid 0.5 percent as the dollar came off highs against the yen. The Fed is widely expected to hike interest rates for the first time in 2016 at a two-day meeting, with markets pricing in a nearly 100% chance of a quarter percentage point increase to the Fed's target range of 0.25 to 0.50 percent. What matters most to investors is the Fed's statement and economic projections, which will be examined for any signs of reaction to Donald Trump's surprise victory in the November 8 US presidential election.

Stocks closed mostly lower on Monday despite oil prices soaring as Treasury yields spiked ahead of a key Federal Reserve meeting. The Dow Jones industrial average gained about 40 points, closing at a new record high, with Johnson & Johnson contributing the most gains. The S&P 500 fell 0.1 percent, after briefly hitting an all-time high, with a 0.9 per-cent decline in financials offsetting gains in telecommunica-tions. The Nasdaq composite underperformed, falling 0.6 percent. The benchmark 10-year note yield rose to 2.477 percent, after hitting its highest level since 2014. The two-year note yield, meanwhile, advanced to 1.145 percent

Previous day Roundup

Bears strengthened their position on Monday as equity benchmarks fell 1 percent on top of 2 percent loss in previ-ous week. Sharp rally in crude oil prices, contraction in fac-tory data and likely delay in GST implementation drove the market lower. In addition, globally investors also main-tained cautious stance ahead of two-day Federal Reserve's meeting that will begin on December 13. The 30-share BSE Sensex plunged 231.94 points or 0.87 percent to 26515.24 and the 50-share NSE Nifty fell 90.95 points or 1.10 percent to 8170.80.

Index stats

The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 85.58pts], Capital Goods [down 99.49pts], PSU [down 49.16 pts], FMCG[down 97.59pts], Realty [down 6.43pts], Power[down 2.11pts], Auto[down 353.74pts], Healthcare [down 70.93pts], IT[down 40.01pts], Metals [down 29.51pts], TECK [down 33.28pts], Oil& Gas [down 138.10pts].

World Indices

Index Value % Change

DJI 19740.00 -0.09

S&P500 2251.75 +0.06

NASDAQ 5412.54 -0.59

FTSE100 6890.42 -0.92

NIKKEI 19125.57 -0.15

HANG SENG 22298.22 -0.60

Top Gainers

Company CMP Change % Chg

ONGC 312.00 5.20 1.69

NTPC 165.50 1.45 0.88

TCS 2,210.00 14.75 0.67

SUNPHARMA 676.55 3.55 0.53

BOSCHLTD 20,775.00 35.95 0.17

Top Losers


AMBUJACEM 208.40 -7.65 -3.54

BPCL 612.20 -22.45 -3.54

EICHERMOT 22,090.80 -753.55 -3.30

ASIANPAINT 911.00 -30.75 -3.27

ULTRACEMCO 3,459.90 -109.75 -3.06

Stocks at 52 Week’s HIGH

Symbol Prev. Close Change %Chg

ARIES 169.55 8.25 5.11

BALMLAWRIE 1,123.00 26.65 2.43

BANG 39.00 3.20 8.94

BARTRONICS 21.90 1.95 9.77

BEL 1,511.25 2.70 0.18

BIRLACOT 0.10 0.00 0.00

CAIRN 267.00 2.35 0.89

Indian Indices


NIFTY 8,170.80 -90.95 -1.10

SENSEX 26515.24 -231.94 -0.87

Stocks at 52 Week’s LOW

Symbol Prev. Close Change %Chg

ACROPETAL 1.35 -0.05 -3.57

BIRLACOT 0.10 0.00 0.00

BSLIMITED 3.40 -0.10 -2.86

http://www.epicresearch.co/

DAILY REPORT

13th DECEMBER 2016


STOCK RECOMMENDATION [CASH]

VIJAYA BANK [CASH]

On the daily chart the VIJAYA BANK has formed double bottom pattern and is closed at breakout and resistance level of 46.90 , the stock closed at day’s high with bullish candlestick is indicating a good upside move after crossing near resistance level ,so if the stock cross 47.20 level we may see a good upside move for which its a good buy above 47.20 for the target of 48-48.50 with SL below 45.

MACRO NEW

CPI numbers will be announced today around 5:30pm.

Tax scheme for black money holders to be notified this week

Tata Industries removes Cyrus Mistry as director

Tata Motors to hike prices of passenger vehicles from Jan 2017

IRB Infra rises 3% on six laning road project order in Ra-jasthan. Wins Udaipur Tollway project, costing Rs 2,100 crore

Axis Bank denies report of threat to its banking license over alleged bank licence

Alkem Labs dips on USFDA observations on Ankleshwar API facility

CESC Q2 net up 3% at Rs 242 cr

Fortis Healthcare - Singh Bros. in talks with TPG to sell 26% in Fortis

KDDL board approved to increase stake in Mahen Distri-bution from 96.81% to 98.72% by purchasing CCPS

Glenmark Pharma launches Zetia in the US

NIIT To acquire 10% stake in NIIT Yuva Jyoti from Na-tional Skill Development Corp for Rs2.85cr

Banks averse to stake sale in Sujana Towers

ONGC gets shareholder nod for 1:2 bonus share issue

Sun Pharma signs licensing pact with Moebius Medical

STOCK RECOMMENDATIONS [FUTURE]

1.ONGC [FUTURE]

Last trading session ONGC future shown positive perform-ance in bearish market and closed with bullish candlestick on daily chart. And since last session it rose with rising OI in long side.So we expect the addition of long positions to eventually lead to good upside in the stock. So we advise you to Buy ONGC future above 314 for the target of 317-320 with SL of 310.

2.JETAIRWAYS [FUTURE]

Last trading session JETAIRWAYS Future shown under pres-sure during the day.And ended below support level with bearish candlestick on daily chart,And since last session it rose with rising OI in short side, we may see sharp fall this stock ahead,we will advise to sell below 353 for the target of 345-335 with stop loss of 366.


DAILY REPORT

13th DECEMBER 2016


FUTURES & OPTIONS

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 8,300 47.30 1,65,858 52,25,325

NIFTY CE 8,400 21.20 1,27,818 41,75,625

NIFTY CE 8,200 90.05 1,12,831 43,03,200

SBIN CE 270 5.15 3,185 44,70,000

RELIANCE CE 1,040 12.50 2,983 5,30,500

AXISBANK CE 460 7.80 2,274 10,14,000

RELIANCE CE 1,060 6.30 2,113 4,60,000

TATASTEEL CE 430 9.25 1,865 11,32,000

MOST ACTIVE PUT OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 8,200 108.90 1,53,403 41,83,725

NIFTY PE 8,100 72.40 1,16,206 38,84,025

NIFTY PE 8,000 48.00 1,13,509 76,23,700

AXISBANK PE 440 12.25 2,442 5,71,200

RELIANCE PE 1,000 7.60 2,254 5,22,500

RELIANCE PE 1,020 13.85 1,765 3,06,000

SBIN PE 260 5.95 1,637 18,09,000

TATASTEEL PE 420 9.35 1,510 7,36,000

FII DERIVATIVES STATISTICS

BUY OPEN INTEREST AT THE END OF THE DAY SELL

No. of

Contracts Amount in

Crores No. of

Contracts Amount in

Crores No. of

Contracts Amount in

Crores NET AMOUNT

INDEX FUTURES 16729 1090.96 17881 1151.64 208204 13171.40 -60.6745

INDEX OPTIONS 383557 25080.08 386658 25289.72 1053096 65581.96 -209.6441

STOCK FUTURES 71025 4643.86 82976 5486.16 879980 53977.58 -842.2967

STOCK OPTIONS 43220 3015.75 42584 2973.01 77532 5017.53 42.7351

-1069.88

STOCKS IN NEWS

Axis Bank to consider raising Rs 3,500 crore via Tier-I Basel III debentures

Fortis Healthcare - Malvinder and Shivinder Singh in talks with TPG Capital to sell 26 percent in Fortis

Abbott India inks 15-year lease deal in Mumbai to set up R&D centre

Lakshmi Machine Works buyback window starts from December 13 to 26

KNR Constructions ex-date for 1:5 stock split

Sheela Foam added to BSE IPO Index

NIFTY FUTURE

NIFTY in yesterday trading session opened down and kept falling whole day and finally closed with a bearish candlestick. The market may fall further in near term as concerns raised over inflation after spike in crude oil prices and economic growth due to volatility in factory data. But the index has a trend line support around 8150 so it will find some consolidation near this level. For now we advise you to buy it from 8140 for small targets 8200 and 8280 with stop loss of 8070

INDICES R2 R1 PIVOT S1 S2

NIFTY 8261.40 8216.10 8185.20 8139.90 8109.00

BANKNIFTY 18709.00 18550.00 18457.00 18298.00 18205.00


DAILY REPORT

13th DECEMBER 2016


COMMODITY ROUNDUP

Crude oil prices came off their highs after surging on Mon-

day to their highest since mid-2015 on the back of a week-

end deal by OPEC and non-OPEC producers to curtail out-

put. US crude futures slipped 0.4 percent to USD 52.61 a

barrel. WTI Oil has soared sharply over last few weeks. The

commodity has broken above the key $50 per barrel mark

now and has also surpassed its 200 week exponential mov-

ing average (EMA). This is only the second time in last two

and half years that the counter is trading above the 200

week EMA. WTI Crude is currently trading around its five

month high above $54 per barrel.

Gold has dropped to fresh ten month lows under $160 per

ounce today. Consistent selling has been witnessed in Gold

over last few weeks. COMEX Gold extended its drop as con-

tinued gains in global equities capped upside for the metal.

The commodity is lingering around its 10 month low. Bar-

gain buying is visible in the market after the recent array of

losses. However, traders are also unwilling to take major

positions ahead of the yearend trades. Indian retail demand

also remains a worry following the Demonetization. MCX

Gold futures for February 2017 broke under Rs 28000 per

10 grams and slipped near Rs 27500 levels on global cues.

A weak opening is on cards today as markets gear up for the

evening session. In another key development, Gold is now

made official acceptable for the first time as an investment

in Islamic finance. The Accounting and Auditing Organiza-

tion for Islamic Financial Institutions, which establishes

standards for Islamic finance and the World Gold Council

made it official, announcing in a statement the changes

which now make investing in gold compliant with Sharia

law. This marks the first time there are specific rules for the

use of gold as an investment in the Islamic finance industry.

Copper ended the session on 12 Nov 2016 at INR 391.60 per

kg. The prices tested a high of INR 394.20 per kg and a low

of INR 390.85 per kg. Indian Copper declined as INR 398 and

400 resistances remained tough to breach. The prices

gained above Rs 394 for a brief period. This means that

prices can move lower until some positives reemerge. On

the higher side Rs 396 and 398 per kg are resistances while

on lower side Rs 385 per kg is the support.

RECOMMENDATIONS

GOLD

TRADING STRATEGY:

BUY GOLD ABOVE 27700 TGT 27800 28000 SL 27600

SELL GOLD BELOW 27500 TGT 27400 27300 SL 27600

SILVER

TRADING STRATEGY:

BUY SILVER ABOVE 41800 TGT 42000 42500 SL 41600

SELL SILVER BELOW 41250 TGT 41050 40650 SL 41450

MCX


DAILY REPORT

13th DECEMBER 2016


NCDEX

NCDEX INDICES

Index Value % Change

BARLEY 1800 -0.33

CORIANDER 7765 +0.56

COTTON SEED 1976 +0.92

GUAR SEED 3282 +1.27

JEERA 17985 +0.59

MUSTARDSEED 4688 -0.21

SOYA BEAN 3009 -0.03

SUGAR M GRADE 3371 -0.94

TURMERIC 7500 +0.86

WHEAT 2037 +1.75

RECOMMENDATIONS

DHANIYA

BUY CORIANDER JAN ABOVE 8300 TARGET 8345 8445 SL

BELOW 8235

SELL CORIANDER JAN BELOW 7650 TARGET 7605 7505 SL

ABOVE 7715

GUARGUM

BUY GUARGUM5 JAN ABOVE 6280 TARGET 6330 6400 SL

BELOW 6210

SELL GUARGUM5 JAN BELOW 6200 TARGET 6150 6080 SL

ABOVE 6270

Wheat was trading at Rs 2,124 per quintal in the Delhi mar-

ket. Prices are expected to fall to Rs 2,050 in a couple of

weeks, following the removal of import duty and expected

aggressive import influx. However, a warmer winter across

major wheat-growing belts poses a threat to the size of the

new crop, limiting the price fall.

Cotton cake prices in the Akola market are Rs 1,944 per

quintal. Arrivals of Kapas is expected to improve, with the

situation normalizing after demonetization. Demand forcot-

ton cake is down from the feed industry. Prices are ex-

pected to trade weaker, towards Rs 1,900.

The Centre on Thursday waived the import duty on wheat

within months of lowering it to 10 per cent as retail prices

show little signs of abating. The duty has been waived for

an indefinite period, according to an official notification

placed in Parliament on Thursday. Traders said the move

could make Australian wheat cheaper by $23 per tonne and

Ukrainian wheat by $10 per tonne, and could push imports

up to 6mt in 2016-17, the highest in nearly 10 years. India’s

official wheat output estimate for 2016-17 is 93.50mt

though trade sources reckon production will not be more

than 90mt because of droughts in 2014 and 2015.

As per preliminary reports received from the States, the

total area sown under Rabi crops as on 09th December,

2016 stands at 472.43 lakh hectares as compared to 438.90

lakh hectare this time in 2015 - up 7.64% on the year. Acre-

age under Wheat is up 11.50% while area under Pulses and

oilseeds is up nearly 10%. The area sown so far and that

sown during last year this time is as follows.


DAILY REPORT

13th DECEMBER 2016


RBI Reference Rate

Currency Rate rrency Rate

Rupee- $ 67.584 Yen 59.060

Euro 71.760 GBP 85.128

CURRENCY

USD/INR

BUY USD/INR ABOVE 67.80 TGT 68.00 68.30 SL 67.50

SELL USD/INR BELOW 67.30 TGT 67.00 66.70 SL 67.70

EUR/INR

BUY EUR/INR ABOVE 72.80 TGT 73.00 73.30 SL 72.50

SELL EUR/INR BELOW 72.40 TGT 72.10 71.80 SL 72.70

CURRENCY MARKET UPDATES: The euro edged up 0.1 percent to USD 1.0649, while the dollar index, which tracks the greenback against a basket of six rival currencies, was 0.2 percent lower at 100.850 . In currencies, the US dollar fell 0.59 percent against a basket of currencies, with the euro near USD 1.063 and the yen around 115. The Organization for Economic Co-operation and Development said the unemployment rate dropped to 6.2 percent in October from 6.3 percent in September. This was 1.9 percentage points below the January 2013 peak. Across the OECD area, unemployment declined by 10.2 million from January 2013 to 38.8 million. The euro area unemployment rate declined by 0.1 percentage point to 9.8 percent in October. Beyond Eurozone, the unemploy-ment rate remained stable in Canada at 7 percent and at 3 percent in Japan. In the United States, the jobless rate eased to 4.9 percent from 5 percent. The Indian rupee opened marginally lower at 67.47 per dollar on Tuesday versus 67.42 Friday. The dollar declined in value on Monday, fallling 0.59% against a basket of in-ternational currencies, theUS dollar index. The EUR/USD closed near $1.063 and the USD/JPY around 115. The rally in oil prices pushed up the value of currencies from econo-mies with large oil industries. The dollar slipped against commodity-related currencies such as theAUD/USD, USD/NZD and USD/CAD today as oil prices climbed to their high-est since mid-2015 on the momentum of a weekend agree-ment by OPEC and non-OPEC producers to curtail produc-tion. Another factor today was concerns over the Federal Reserve market meeting on Tuesday and Wednesday in Washington D.C. The Fed is expected to raise interest rates this week, only the second time rates have increased since the stock market crash in 2008 and the subsequent market crisis around the globe. Gains in the dollar have been since the election attributed to optimism over the forthcoming policies of President-elect Donald Trump. Commodities are up across the board, analysts noted. Some analysts expect the dollar to rally. There is excitement in the market of the increasing expectation of increased demand from the U.S. economy during the incoming presidential administration. Trump is filling his cabinet with former CEOs and others seen as friendly to business and investment, including a deregulatory advocate at the Environmental Protection


DAILY REPORT

13th DECEMBER 2016


Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

12/12/16 MCX GOLD FEB. BUY 27800 27900-28100 27680 NOT EXECUTED

12/12/16 MCX GOLD FEB. SELL 27530 27430-27230 27650 1ST TARGET

12/12/16 MCX SILVER MAR. BUY 41280 41480-41730 41070 ALL TARGET

12/12/16 MCX SILVER MAR. SELL 41140 40940-40690 41350 NO PROFIT NO LOSS

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

12/12/16 NIFTY FUTURE BUY 8250-8270 8320-8400 8160 NOT EXECUTED

12/12/16 IGL FUTURE BUY 874 879-890 867 NOT EXECUTED

12/12/16 CANBK FUTURE BUY 318 321-325 315 NOT EXECUTED

12/12/16 HDIL CASH BUY 63 65-68 56 NOT EXECUTED


DAILY REPORT

13th DECEMBER 2016


NEXT WEEK'S U.S. ECONOMIC REPORTS

ECONOMIC CALENDAR

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 liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The

information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no respon-

sibility. The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial

adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of

NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and fore-casts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is

browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be

held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. We are not responsible for any loss incurred whatsoever for any financial profits or loss

which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid or

Unpaid), any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.

Disclaimer

TIME REPORT PERIOD ACTUAL CONSENSUS

FORECAST PREVIOUS

MONDAY, DEC. 12

2 PM FEDERAL BUDGET NOV.

TUESDAY, DEC. 13

6 AM NFIB SMALL-BUSINESS INDEX NOV. 94.9

8:30 AM IMPORT PRICE INDEX NOV. 0.5%

WEDNESDAY, DEC. 14

8:30 AM RETAIL SALES NOV. 0.8%

8:30 AM RETAIL SALES EX-AUTOS NOV. 0.8%

8:30 AM PRODUCER PRICE INDEX NOV.. 0.0%

9:15 AM INDUSTRIAL PRODUCTION NOV. 0.0%

10 AM BUSINESS INVENTORIES OCT. 0.1%

2 PM FOMC ANNOUNCEMENT, PROJECTIONS

2:30 PM JANET YELLEN PRESS CONFERENCE

THURSDAY, DEC. 15

8:30 AM WEEKLY JOBLESS CLAIMS 12/3 -- --

8:30 AM CONSUMER PRICE INDEX NOV. 0.4%

8:30 AM CORE CPI NOV. 0.1%

8:30 AM EMPIRE STATE INDEX DEC. 1.5

8;30 AM PHILLY FED INDEX DEC. 7.6

8:30 AM CURRENT ACCOUNT DEFICIT Q3

9:45 AM MARKIT MANUFACTURING PMI (FLASH) DEC. 54.1

10 AM HOME BUILDERS' INDEX DEC. 63

FRIDAY, DEC. 16

8:30 AM HOUSING STARTS NOV. 1.323 MLN

8:30 AM BUILDING PERMITS NOV. 1.260 MLN


epic research's daily special report 13th december 2016.pdf

Economy & Finance