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DAILY REPORT
24
th
APRIL 2015
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance
Asian stocks were higher across the board on Friday follow-
ing a mildly positive lead from Wall Street. Uncertainty over
a "Grexit" is back on the radar as the debt-stricken nation
prepares for a meeting with the Eurogroup later in the day,
which analysts say won't yield results. Japan's Nikkei 225
underperformed early Friday as profit-taking kicked in after
the bourse charged up to 15-year highs for the second
straight session yesterday.
Wall Street Update
The Nasdaq Composite, the US market index most closely
associated with technology stocks, closed at an all-time
high on Thursday, surpassing a 2000 record set just before
the dotcom crash. Its new record close of 5,056.06 capped
a slow, unsteady climb since it touched a 2002 low of
1,114.11, that spanned an economic recession, the rise of
biotech and social media and the explosive growth of mo-
bile phones that has helped make Apple Inc the most valu-
able company in the United States.
The Dow Jones industrial average rose 20.42 points, or 0.11
percent, to end at 18,058.69, the S&P 500 gained 4.97
points, or 0.24 percent, to 2,112.93 and the Nasdaq Com-
posite added 20.89 points, or 0.41 percent, to 5,056.06.
Previous day Roundup
Indian shares fell for a sixth session in seven on Thursday in
volatile trade, dragged down by blue chips as investors
chose to pause despite clarifications from the finance min-
istry over the government's taxation policies. After a
choppy session, market ended on lower levels. The Sensex
was down 155.11pts or 0.6% at 27735.02 and Nifty slipped
31.40pts or 0.4% at 8398.30. About 1370 shares have ad-
vanced, 1442 shares declined, and 155 shares are un-
changed.
Index stats
The Market was very volatile in last session. The sartorial
indices performed as follow; Consumer Durables [up
134.33pts], Capital Goods [down 153.31pts], PSU [down
36.55pts], FMCG [up 3.07pts], Realty [down 14.05pts],
Power [down 13.83pts], Auto [down 123.25pts], Healthcare
[down 145.15pts], IT [down 35.22pts], Metals [up
156.61pts], TECK [down 14.20pts], Oil& Gas [down
50.87pts].
World Indices
Index Value % Change
D J l 18058.69 +0.11
S&P 500 2112.93 +0.24
NASDAQ 5056.06 +0.41
EURO STO 3697.88 -0.71
FTSE 100 7053.67 +0.36
Nikkei 225 20027.17 -0.79
Hong Kong 27889.80 +0.22
Top Gainers
Company CMP Change % Chg
YESBANK 851.60 55.55 6.98
TATASTEEL 369.80 18.45 5.25
ZEEL 328.45 5.60 1.73
HCLTECH 892.00 14.70 1.68
BHEL 234.40 30.60 1.56
Top Losers
Company CMP Change % Chg
TECHM 612.05 17.75 -2.82
SUNPHARMA 941.10 26.70 -2.76
ACC 1,517.00 40.30 -2.59
CAIRN 213.00 5.60 -2.56
AMBUJACEM 236.10 5.95 -2.46
Stocks at 52 Week’s HIGH
Symbol Prev. Close Change %Chg
PETRONENGG 277.00 -26.30 -8.67
RAJESHEXPO 227.30 11.40 5.28
Indian Indices
Company CMP Change % Chg
NIFTY 8398.30 -31.40 -0.37
SENSEX 27735.02 -155.11 -0.56
Stocks at 52 Week’s LOW
Symbol Prev. Close Change %Chg
MONNETISPA 49.35 -0.80 -1.60
VENKEYS 321.05 -0.80 -0.25
DAILY REPORT
24
th
APRIL 2015
YOUR MINTVISORY Call us at +91-731-6642300
STOCK RECOMMENDATION [CASH]
1. MYSORE BANK (CASH)
MYSORE BANK is looking strong on charts, if it sustains
above 520 levels. We advise buying around 510-520 levels
with strict stop loss of 500 for the targets of 530-550.
MACRO NEWS
Results today: Infosys , Siemens , Indiabulls Housing Fi-
nance , Sequent, Cholamandalam Investment, FAG Bear-
ings, Foseco India, Hinduja Ventures, Pitti Laminations,
Steel Strips, Supreme Industries
HDFC Bank Q4 net up 20.6%, asset quality improves
slightly
CIL plans to align prices of high-grade coal to interna-
tional rates
Wipro eyes $2 billion revenues by 2018 in healthcare
business
Maruti to continue with rural drive despite weak rain
forecast
India received 3,968 tonnes nuclear fuel after signing
agreements with foreign suppliers
Jharkhand thermal power plant project not shelved, says
JSPL
Cairn India posts loss of Rs 241cr vs Rs 1350cr profit QoQ
RBI releases revised priority sector lending norms for
banks
Infosys Q4 profit seen down 2.7%, revenue may be flat
Arguments concluded, Delhi HC reserves judgment in
coal compensation case.
STOCK RECOMMENDATIONS [FUTURE]
1. TITAN [FUTURE]
TITAN FUTURE is looking strong on charts, long build up has
been seen, we may see more upside, if it sustains above 400
levels. We advise buying around 398-400 levels with strict
stop loss of 395 for the targets of 405-410 levels.
2. CESC [FUTURE]
CESC FUTURE is looking weak on charts, short build up has
been seen, we may see more downside, if it sustains below
540 levels. We advise selling around 540 levels with strict
stop loss of 550 for the targets of 530-520 levels.
DAILY REPORT
24
th
APRIL 2015
YOUR MINTVISORY Call us at +91-731-6642300
FUTURE & OPTION
MOST ACTIVE PUT OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY PE 8,400 81.5 13,91,080 41,27,400
NIFTY PE 8,300 46.5 13,71,931 53,01,950
NIFTY PE 8,200 25.8 9,43,887 45,06,700
BANKNIFTY PE 18,000 137 80,414 3,81,275
TATASTEEL PE 350 1.6 5,561 9,37,500
TATASTEEL PE 360 3.75 5,094 5,84,500
YESBANK PE 800 3.6 4,161 7,27,000
HDFCBANK PE 1,000 9.7 3,572 2,26,500
MOST ACTIVE CALL OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 8,500 41.1 18,78,797 53,25,325
NIFTY CE 8,600 18.7 16,38,523 50,93,500
NIFTY CE 8,700 8.15 9,91,655 42,35,250
BANKNIFTY CE 19,000 36 1,03,084 8,13,350
YESBANK CE 840 23.1 8,957 4,97,000
TATASTEEL CE 370 7.1 7,624 6,54,000
RELIANCE CE 900 5.75 6,804 16,26,250
HDFCBANK CE 1,020 10.5 5,914 4,32,250
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 49400 1145.57 78319 1730.81 794773 18038.40 -585.24
INDEX OPTIONS 1202765 27806.20 1201372 27799.68 3014161 74484.40 6.53
STOCK FUTURES 122782 3745.85 107362 3248.57 1926659 55980.77 497.28
STOCK OPTIONS 84881 2644.76 84566 2639.36 121944 3475.76 5.41
TOTAL -76.03
STOCKS IN NEWS
ICICI Bank launches app for Apple's iWatch
Bajaj Finance plans to raise Rs 1,800 crore via QIP &
preferntial issue to promoter
Union Bank of India joins hands with insurers to roll
out life and accident insurance policies
ONGC to conduct DGH prescribed test in KG basin to
end standoff
Kotak Mahindra Bank seeks FIPB nod to hike foreign
holding to 55 per cent
Wipro eyes $2 bn revenues by 2018 in healthcare
NIFTY FUTURE
NIFTY FUTURE is looking weak on charts, short build up
has been seen, we may see more downside, if it sustains
below 8400 levels. We advise selling around 8380-8400
levels with strict stop loss of 8500 for the targets of 8300
-8200 levels.
INDICES R2 R1 PIVOT S1 S2
NIFTY 8595.6 8497.3 8430.6 8332.3 8265.6
BANK NIFTY 18,611 18,433 18,292 18,114 17,973
DAILY REPORT
24
th
APRIL 2015
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
BUY GOLD JUN ABOVE 27000 TGTS 27080,27180 SL BE-
LOW 26920
SELL GOLD JUN BELOW 26800 TGTS 26720,26620 SL ABOVE
26990
SILVER
TRADING STRATEGY:
BUY SILVER MAY ABOVE 36200 TGTS 36400,36700 SL BE-
LOW 35900
SELL SILVER MAY BELOW 35800 TGTS 35600,35300 SL
ABOVE 36100
COMMODITY ROUNDUP
India is likely to remain a net importer of iron ore in 2015-
16 as falling international prices might encourage steel ma-
jors to continue importing the key raw material. The quan-
tity imported might not be as high as in the last financial
year. However, with an expected increase in domestic pro-
duction of iron ore. In 2014-15, India imported 15 million
tonnes of iron ore, an all-time high. Exports were a meagre
4.5 million tonnes.
MCX Crude oil futures tested highs above Rs 3600 per barrel
in evening trades on a weakIndian Rupee and supportive
undertone in global prices. WTI Crude edged up in after-
noonafter strong results from global equipment giant Cater-
pillar. This kept the commodityafloat despite losses in Euro-
pean stocks. WTI Crude is quoting at $53.71 per barrel, up
56cents per barrel on the day.
Gem and jewellery shipments, nearly 13% of India’s overall
merchandise export, fell a marginal 0.4 per cent in financial
year 2014-15. Data compiled by the Gems & Jewellery Ex-
port Promotion Council showed overall G&J export was
$39.9 billion in 2014-15, as compared to $40.15 bn the pre-
vious year. In rupee terms, shows data compiled by the G&J
Export Promotion Council, export rose marginally to Rs
243,885.8 crore from Rs 242,837 crore a year before.
Gold prices declined at the bullion market, due to lacklustre
buying support from stockists and jewellery traders amid
sluggish overseas sentiment. Elsewhere, silver drifted fur-
ther and closed below the Rs 37,000 mark on the back of
intense speculative unwinding. Standard gold (99.5 purity)
shed by Rs 80 to conclude at Rs 26,695 per 10 grams from
Wednesday's closing level of Rs 26,775. Pure gold (99.9 pu-
rity) also slipped by a similar margin to end at Rs 26,845 per
10 grams from Rs 26,925 previously. Silver (.999 fineness)
slumped by Rs 150 to finish at Rs 36,850 per kg against Rs
37,000 on Wednesday.
Copper futures fell 0.20% to Rs 371.20 per kg yesterday as
speculators trimmed their positions amid weak trend in
global markets. Moreover, subdued demand at domestic
spot markets also put pressure on prices. At MDX copper for
delivery in April declined by 75 paise or 0.20% to Rs 371.20
per kg in a business turnover of 496 lots. The metal for de-
livery in far-month June fell by 60 paise or 0.16% to Rs
377.30 per kg in a business volume of 28 lots.
DAILY REPORT
24
th
APRIL 2015
YOUR MINTVISORY Call us at +91-731-6642300
NCDEX
RECOMMENDATIONS
DHANIYA
BUY CORIANDER MAY ABOVE 10980 TARGET 11005 11045
SL BELOW 10955
SELL CORIANDER MAY BELOW 10728 TARGET 10703 10663
SL ABOVE 10753
GUARSGUM
BUY GUARGUM MAY ABOVE 12310 TARGET 12360 12420
SL BELOW 12250
SELL GUARGUM MAY BELOW 11930 TARGET 11880 11820
SL ABOVE 11990
NCDEX ROUNDUP
Coriander prices were up by 1.44 per cent to Rs 11,035 per
quintal in futures trade yesterday after participants
enlarged positions amid tight supplies on fall in arrivals from
producing belts against pickup in demand in the spot mar-
ket. At MCX coriander for delivery in June month rose by Rs
157 or 1.44 per cent to Rs 11,035 per quintal with an open
interest of 13,210 lots. Similarly, the spice for delivery in
May contracts traded higher by Rs 127 or 1.20 per cent to
Rs 10,711 per quintal in 41,450 lots. Fresh positions built up
by speculators triggered by restricted arrivals from produc-
ing belts against pickup in demand in the spot market,
mainly led to the rise in coriander prices at futures trade.
Rising for the second straight day, sugar prices were up by
another 0.59% to Rs 2,562 per quintal in futures trade yes-
terday as speculators enlarged positions, driven by pick up
in demand from bulk consumers at spot markets. However,
adequate stocks position in the physical market on higher
supplies from mills, restricted the gains. At NCDEX sugar for
delivery in July month gained Rs 15 or 0.59% to Rs 2,562 per
quintal with an OI of 18,540 lots. Similarly, the sweetener
for delivery in May contracts edged up by Rs 7 or 0.29% to
Rs 2,455 per quintal in 37,830 lots.
NCDEX INDICES
Index Value % Change
CAETOR SEED 3789 +3.61
CHANA 4045 +1.97
CORIANDER 10870 +2.70
COTTON SEED 1750 +0.46
GUAR SEED 5116 +3.94
JEERA 18405 -0.30
MUSTARDSEED 3730 +0.89
REF. SOY OIL 588.5 +0.67
SUGAR M GRADE 2452 +0.16
TURMERIC 8346 -1.23
DAILY REPORT
24
th
APRIL 2015
YOUR MINTVISORY Call us at +91-731-6642300
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 62.8183 Yen-100 52.5500
Euro 67.5862 GBP 83.8505
CURRENCY
USD/INR
BUY USDINR APRL ABOVE 63.45 TGT 63.60,63.75 SL 63.30
SELL USDINR APRL BELOW 63.30 TGT 63.15,63.00 SL 63.45
GBP/INR
BUY GBPINR APRL ABOVE 95.25 TGT 95.45,95.65 SL 95.05
SELL GBPINR APRL BELOW 94.75 TGT 94.55,94.35 SL 94.95
CURRENCY MARKET UPDATES:
The partially convertible rupee closed at its lowest level
since Jan. 6 at 63.32/33 per dollar versus the previous
close of 62.8175/8275 on the back of dollar selling on be-
half of the Daiichi Sankyo exit from Sun Pharma, while
losses in the euro also hurt. The Rupee plummeted 50
paise to 63.30 per US dollar following the firm undertone
in the greenback overseas. This was the weakest mark in
three months for the Rupee
The benchmark 10-year bond yield ended up 1 basis point
at 7.76 percent amid lack of fresh triggers. The market is
expected to move in a tight band in the absence of any big
development. The benchmark five-year swap rate ended
lower 1 basis point at 7.07 percent, while the one-year
swap rate closed up 1 bp at 7.57 percent.
India's one-day cash rate at 8.50/8.55 percent versus
Wednesday's closing rate of 6.80/6.90 percent
The dollar was little changed against a basket of other ma-
jor currencies on Thursday, after data showed that U.S.
jobless claims rose unexpectedly last week and as markets
still eyed the release of an additional report on U.S. new
home sales. The U.S. dollar index, which measures the
greenback's strength against a trade-weighted basket of six
major currencies, was down 0.09% to 98.15. EUR/USD rose
0.30% to 1.0759. The pound remained lower, with GBP/
USD down 0.15% to 1.5015.
The rupee Thursday plummeted to an over three-month
low of 63.32 by losing 50 paise against the US dollar on
renewed demand for the American currency from banks
and importers amid foreign capital outflows in the equity
market. The domestic currency Thursday opened lower at
62.95 as against the last closing level of 62.82 at the Inter-
bank Foreign Exchange and dropped further to 63.34 be-
fore concluding at 63.32, marking a loss of 50 paise. The
rupee had last ended at 63.57 per dollar on January 6,
2015. Renewed dollar demand from banks and importers
in view of higher dollar overseas also affected the rupee
value against the dollar.
DAILY REPORT
24
th
APRIL 2015
YOUR MINTVISORY Call us at +91-731-6642300
CALL REPORT
ST O
PERFORMANCE UPDATES
Date
Commodity/ Currency
Pairs
Contract Strategy Entry Level Target Stop Loss Remark
23/04/15 NCDEX DHANIYA MAY BUY 10620 10645-10685 10595 BOOKED FULL PROFIT
23/04/15 NCDEX DHANIYA MAY SELL 10360 10335-10295 10385 NOT EXECUTED
23/04/15 NCDEX GUARGUM MAY BUY 11560 11610-11670 11500 NOT EXECUTED
23/04/15 NCDEX GUARGUM MAY. SELL 11360 11310-11250 11420 NOT EXECUTED
23/04/15 MCX GOLD JUN. BUY 26850 26930-27030 26760 NO PROFIT NO LOSS
23/04/15 MCX GOLD JUN. SELL 26600 26520-26420 26690 NOT EXECUTED
23/04/15 MCX SILVER MAY. BUY 36000 36200-36500 35700 BOOKED PROFIT
23/04/15 MCX SILVER MAY. SELL 35500 35300-35000 35800 NOT EXECUTED
23/04/15 USD/INR APR. BUY 63.05 63.18-62.33 6290 BOOKED FULL PROFIT
23/04/15 USD/INR APR. SELL 62.80 62.77-62.62 62.95 NOT EXECUTED
23/04/15 GBP/INR APR. BUY 94.80 95.00-95.20 94.60 BOOKED PROFIT
23/04/15 GBP/INR APR. SELL 94.40 94.20-94.00 94.60 NOT EXECUTED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
23/04/15 NIFTY FUTURE BUY 8400-8450 8500-8550 8350 CALL OPEN
23/04/15 LT FUTURE BUY 1730-1750 1780-1800 1700 CALL OPEN
23/04/15 HINDPETRO FUTURE BUY 640-650 670-680 620 CALL OPEN
23/04/15 BIOCON CASH BUY 440-450 460-470 430 NOT EXECUTED
DAILY REPORT
24
th
APRIL 2015
YOUR MINTVISORY Call us at +91-731-6642300
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 responsibility. The information given herein should be treated as only factor, while making invest-
ment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular invest-
ments 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 forecasts, 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 ex-
pressed 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
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Disclaimer
TIME REPORT PERIOD ACTUAL
CONSENSUS
FORECAST
PREVIOUS
MONDAY, APRIL 20
8:30 AM CHICAGO FED NATIONAL ACTIVITY INDEX MARCH -- -0.08 (3 MO)
TUESDAY, APRIL 21
NONE SCHEDULED
WEDNESDAY, APRIL 22
9 AM FHFA HOME PRICE INDEX FEB. -- 5.1% Y-O-Y
10 AM EXISTING HOME SALES MARCH 5.03 MLN 4.88 MLN
THURSDAY, APRIL 23
8:30 AM WEEKLY JOBLESS CLAIMS APRIL 18 N/A 294,000
9:45 AM MARKIT PMI FLASH APRIL -- 55.7
10 AM NEW HOME SALES MARCH 500,000 539,000
FRIDAY, APRIL 24
8:30 AM DURABLE GOODS ORDERS MARCH 0.9% -1.4%

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Epic research daily special report 24 april 2015

  • 1. DAILY REPORT 24 th APRIL 2015 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Asian stocks were higher across the board on Friday follow- ing a mildly positive lead from Wall Street. Uncertainty over a "Grexit" is back on the radar as the debt-stricken nation prepares for a meeting with the Eurogroup later in the day, which analysts say won't yield results. Japan's Nikkei 225 underperformed early Friday as profit-taking kicked in after the bourse charged up to 15-year highs for the second straight session yesterday. Wall Street Update The Nasdaq Composite, the US market index most closely associated with technology stocks, closed at an all-time high on Thursday, surpassing a 2000 record set just before the dotcom crash. Its new record close of 5,056.06 capped a slow, unsteady climb since it touched a 2002 low of 1,114.11, that spanned an economic recession, the rise of biotech and social media and the explosive growth of mo- bile phones that has helped make Apple Inc the most valu- able company in the United States. The Dow Jones industrial average rose 20.42 points, or 0.11 percent, to end at 18,058.69, the S&P 500 gained 4.97 points, or 0.24 percent, to 2,112.93 and the Nasdaq Com- posite added 20.89 points, or 0.41 percent, to 5,056.06. Previous day Roundup Indian shares fell for a sixth session in seven on Thursday in volatile trade, dragged down by blue chips as investors chose to pause despite clarifications from the finance min- istry over the government's taxation policies. After a choppy session, market ended on lower levels. The Sensex was down 155.11pts or 0.6% at 27735.02 and Nifty slipped 31.40pts or 0.4% at 8398.30. About 1370 shares have ad- vanced, 1442 shares declined, and 155 shares are un- changed. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 134.33pts], Capital Goods [down 153.31pts], PSU [down 36.55pts], FMCG [up 3.07pts], Realty [down 14.05pts], Power [down 13.83pts], Auto [down 123.25pts], Healthcare [down 145.15pts], IT [down 35.22pts], Metals [up 156.61pts], TECK [down 14.20pts], Oil& Gas [down 50.87pts]. World Indices Index Value % Change D J l 18058.69 +0.11 S&P 500 2112.93 +0.24 NASDAQ 5056.06 +0.41 EURO STO 3697.88 -0.71 FTSE 100 7053.67 +0.36 Nikkei 225 20027.17 -0.79 Hong Kong 27889.80 +0.22 Top Gainers Company CMP Change % Chg YESBANK 851.60 55.55 6.98 TATASTEEL 369.80 18.45 5.25 ZEEL 328.45 5.60 1.73 HCLTECH 892.00 14.70 1.68 BHEL 234.40 30.60 1.56 Top Losers Company CMP Change % Chg TECHM 612.05 17.75 -2.82 SUNPHARMA 941.10 26.70 -2.76 ACC 1,517.00 40.30 -2.59 CAIRN 213.00 5.60 -2.56 AMBUJACEM 236.10 5.95 -2.46 Stocks at 52 Week’s HIGH Symbol Prev. Close Change %Chg PETRONENGG 277.00 -26.30 -8.67 RAJESHEXPO 227.30 11.40 5.28 Indian Indices Company CMP Change % Chg NIFTY 8398.30 -31.40 -0.37 SENSEX 27735.02 -155.11 -0.56 Stocks at 52 Week’s LOW Symbol Prev. Close Change %Chg MONNETISPA 49.35 -0.80 -1.60 VENKEYS 321.05 -0.80 -0.25
  • 2. DAILY REPORT 24 th APRIL 2015 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATION [CASH] 1. MYSORE BANK (CASH) MYSORE BANK is looking strong on charts, if it sustains above 520 levels. We advise buying around 510-520 levels with strict stop loss of 500 for the targets of 530-550. MACRO NEWS Results today: Infosys , Siemens , Indiabulls Housing Fi- nance , Sequent, Cholamandalam Investment, FAG Bear- ings, Foseco India, Hinduja Ventures, Pitti Laminations, Steel Strips, Supreme Industries HDFC Bank Q4 net up 20.6%, asset quality improves slightly CIL plans to align prices of high-grade coal to interna- tional rates Wipro eyes $2 billion revenues by 2018 in healthcare business Maruti to continue with rural drive despite weak rain forecast India received 3,968 tonnes nuclear fuel after signing agreements with foreign suppliers Jharkhand thermal power plant project not shelved, says JSPL Cairn India posts loss of Rs 241cr vs Rs 1350cr profit QoQ RBI releases revised priority sector lending norms for banks Infosys Q4 profit seen down 2.7%, revenue may be flat Arguments concluded, Delhi HC reserves judgment in coal compensation case. STOCK RECOMMENDATIONS [FUTURE] 1. TITAN [FUTURE] TITAN FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 400 levels. We advise buying around 398-400 levels with strict stop loss of 395 for the targets of 405-410 levels. 2. CESC [FUTURE] CESC FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it sustains below 540 levels. We advise selling around 540 levels with strict stop loss of 550 for the targets of 530-520 levels.
  • 3. DAILY REPORT 24 th APRIL 2015 YOUR MINTVISORY Call us at +91-731-6642300 FUTURE & OPTION MOST ACTIVE PUT OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY PE 8,400 81.5 13,91,080 41,27,400 NIFTY PE 8,300 46.5 13,71,931 53,01,950 NIFTY PE 8,200 25.8 9,43,887 45,06,700 BANKNIFTY PE 18,000 137 80,414 3,81,275 TATASTEEL PE 350 1.6 5,561 9,37,500 TATASTEEL PE 360 3.75 5,094 5,84,500 YESBANK PE 800 3.6 4,161 7,27,000 HDFCBANK PE 1,000 9.7 3,572 2,26,500 MOST ACTIVE CALL OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 8,500 41.1 18,78,797 53,25,325 NIFTY CE 8,600 18.7 16,38,523 50,93,500 NIFTY CE 8,700 8.15 9,91,655 42,35,250 BANKNIFTY CE 19,000 36 1,03,084 8,13,350 YESBANK CE 840 23.1 8,957 4,97,000 TATASTEEL CE 370 7.1 7,624 6,54,000 RELIANCE CE 900 5.75 6,804 16,26,250 HDFCBANK CE 1,020 10.5 5,914 4,32,250 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 49400 1145.57 78319 1730.81 794773 18038.40 -585.24 INDEX OPTIONS 1202765 27806.20 1201372 27799.68 3014161 74484.40 6.53 STOCK FUTURES 122782 3745.85 107362 3248.57 1926659 55980.77 497.28 STOCK OPTIONS 84881 2644.76 84566 2639.36 121944 3475.76 5.41 TOTAL -76.03 STOCKS IN NEWS ICICI Bank launches app for Apple's iWatch Bajaj Finance plans to raise Rs 1,800 crore via QIP & preferntial issue to promoter Union Bank of India joins hands with insurers to roll out life and accident insurance policies ONGC to conduct DGH prescribed test in KG basin to end standoff Kotak Mahindra Bank seeks FIPB nod to hike foreign holding to 55 per cent Wipro eyes $2 bn revenues by 2018 in healthcare NIFTY FUTURE NIFTY FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it sustains below 8400 levels. We advise selling around 8380-8400 levels with strict stop loss of 8500 for the targets of 8300 -8200 levels. INDICES R2 R1 PIVOT S1 S2 NIFTY 8595.6 8497.3 8430.6 8332.3 8265.6 BANK NIFTY 18,611 18,433 18,292 18,114 17,973
  • 4. DAILY REPORT 24 th APRIL 2015 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD JUN ABOVE 27000 TGTS 27080,27180 SL BE- LOW 26920 SELL GOLD JUN BELOW 26800 TGTS 26720,26620 SL ABOVE 26990 SILVER TRADING STRATEGY: BUY SILVER MAY ABOVE 36200 TGTS 36400,36700 SL BE- LOW 35900 SELL SILVER MAY BELOW 35800 TGTS 35600,35300 SL ABOVE 36100 COMMODITY ROUNDUP India is likely to remain a net importer of iron ore in 2015- 16 as falling international prices might encourage steel ma- jors to continue importing the key raw material. The quan- tity imported might not be as high as in the last financial year. However, with an expected increase in domestic pro- duction of iron ore. In 2014-15, India imported 15 million tonnes of iron ore, an all-time high. Exports were a meagre 4.5 million tonnes. MCX Crude oil futures tested highs above Rs 3600 per barrel in evening trades on a weakIndian Rupee and supportive undertone in global prices. WTI Crude edged up in after- noonafter strong results from global equipment giant Cater- pillar. This kept the commodityafloat despite losses in Euro- pean stocks. WTI Crude is quoting at $53.71 per barrel, up 56cents per barrel on the day. Gem and jewellery shipments, nearly 13% of India’s overall merchandise export, fell a marginal 0.4 per cent in financial year 2014-15. Data compiled by the Gems & Jewellery Ex- port Promotion Council showed overall G&J export was $39.9 billion in 2014-15, as compared to $40.15 bn the pre- vious year. In rupee terms, shows data compiled by the G&J Export Promotion Council, export rose marginally to Rs 243,885.8 crore from Rs 242,837 crore a year before. Gold prices declined at the bullion market, due to lacklustre buying support from stockists and jewellery traders amid sluggish overseas sentiment. Elsewhere, silver drifted fur- ther and closed below the Rs 37,000 mark on the back of intense speculative unwinding. Standard gold (99.5 purity) shed by Rs 80 to conclude at Rs 26,695 per 10 grams from Wednesday's closing level of Rs 26,775. Pure gold (99.9 pu- rity) also slipped by a similar margin to end at Rs 26,845 per 10 grams from Rs 26,925 previously. Silver (.999 fineness) slumped by Rs 150 to finish at Rs 36,850 per kg against Rs 37,000 on Wednesday. Copper futures fell 0.20% to Rs 371.20 per kg yesterday as speculators trimmed their positions amid weak trend in global markets. Moreover, subdued demand at domestic spot markets also put pressure on prices. At MDX copper for delivery in April declined by 75 paise or 0.20% to Rs 371.20 per kg in a business turnover of 496 lots. The metal for de- livery in far-month June fell by 60 paise or 0.16% to Rs 377.30 per kg in a business volume of 28 lots.
  • 5. DAILY REPORT 24 th APRIL 2015 YOUR MINTVISORY Call us at +91-731-6642300 NCDEX RECOMMENDATIONS DHANIYA BUY CORIANDER MAY ABOVE 10980 TARGET 11005 11045 SL BELOW 10955 SELL CORIANDER MAY BELOW 10728 TARGET 10703 10663 SL ABOVE 10753 GUARSGUM BUY GUARGUM MAY ABOVE 12310 TARGET 12360 12420 SL BELOW 12250 SELL GUARGUM MAY BELOW 11930 TARGET 11880 11820 SL ABOVE 11990 NCDEX ROUNDUP Coriander prices were up by 1.44 per cent to Rs 11,035 per quintal in futures trade yesterday after participants enlarged positions amid tight supplies on fall in arrivals from producing belts against pickup in demand in the spot mar- ket. At MCX coriander for delivery in June month rose by Rs 157 or 1.44 per cent to Rs 11,035 per quintal with an open interest of 13,210 lots. Similarly, the spice for delivery in May contracts traded higher by Rs 127 or 1.20 per cent to Rs 10,711 per quintal in 41,450 lots. Fresh positions built up by speculators triggered by restricted arrivals from produc- ing belts against pickup in demand in the spot market, mainly led to the rise in coriander prices at futures trade. Rising for the second straight day, sugar prices were up by another 0.59% to Rs 2,562 per quintal in futures trade yes- terday as speculators enlarged positions, driven by pick up in demand from bulk consumers at spot markets. However, adequate stocks position in the physical market on higher supplies from mills, restricted the gains. At NCDEX sugar for delivery in July month gained Rs 15 or 0.59% to Rs 2,562 per quintal with an OI of 18,540 lots. Similarly, the sweetener for delivery in May contracts edged up by Rs 7 or 0.29% to Rs 2,455 per quintal in 37,830 lots. NCDEX INDICES Index Value % Change CAETOR SEED 3789 +3.61 CHANA 4045 +1.97 CORIANDER 10870 +2.70 COTTON SEED 1750 +0.46 GUAR SEED 5116 +3.94 JEERA 18405 -0.30 MUSTARDSEED 3730 +0.89 REF. SOY OIL 588.5 +0.67 SUGAR M GRADE 2452 +0.16 TURMERIC 8346 -1.23
  • 6. DAILY REPORT 24 th APRIL 2015 YOUR MINTVISORY Call us at +91-731-6642300 RBI Reference Rate Currency Rate Currency Rate Rupee- $ 62.8183 Yen-100 52.5500 Euro 67.5862 GBP 83.8505 CURRENCY USD/INR BUY USDINR APRL ABOVE 63.45 TGT 63.60,63.75 SL 63.30 SELL USDINR APRL BELOW 63.30 TGT 63.15,63.00 SL 63.45 GBP/INR BUY GBPINR APRL ABOVE 95.25 TGT 95.45,95.65 SL 95.05 SELL GBPINR APRL BELOW 94.75 TGT 94.55,94.35 SL 94.95 CURRENCY MARKET UPDATES: The partially convertible rupee closed at its lowest level since Jan. 6 at 63.32/33 per dollar versus the previous close of 62.8175/8275 on the back of dollar selling on be- half of the Daiichi Sankyo exit from Sun Pharma, while losses in the euro also hurt. The Rupee plummeted 50 paise to 63.30 per US dollar following the firm undertone in the greenback overseas. This was the weakest mark in three months for the Rupee The benchmark 10-year bond yield ended up 1 basis point at 7.76 percent amid lack of fresh triggers. The market is expected to move in a tight band in the absence of any big development. The benchmark five-year swap rate ended lower 1 basis point at 7.07 percent, while the one-year swap rate closed up 1 bp at 7.57 percent. India's one-day cash rate at 8.50/8.55 percent versus Wednesday's closing rate of 6.80/6.90 percent The dollar was little changed against a basket of other ma- jor currencies on Thursday, after data showed that U.S. jobless claims rose unexpectedly last week and as markets still eyed the release of an additional report on U.S. new home sales. The U.S. dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, was down 0.09% to 98.15. EUR/USD rose 0.30% to 1.0759. The pound remained lower, with GBP/ USD down 0.15% to 1.5015. The rupee Thursday plummeted to an over three-month low of 63.32 by losing 50 paise against the US dollar on renewed demand for the American currency from banks and importers amid foreign capital outflows in the equity market. The domestic currency Thursday opened lower at 62.95 as against the last closing level of 62.82 at the Inter- bank Foreign Exchange and dropped further to 63.34 be- fore concluding at 63.32, marking a loss of 50 paise. The rupee had last ended at 63.57 per dollar on January 6, 2015. Renewed dollar demand from banks and importers in view of higher dollar overseas also affected the rupee value against the dollar.
  • 7. DAILY REPORT 24 th APRIL 2015 YOUR MINTVISORY Call us at +91-731-6642300 CALL REPORT ST O PERFORMANCE UPDATES Date Commodity/ Currency Pairs Contract Strategy Entry Level Target Stop Loss Remark 23/04/15 NCDEX DHANIYA MAY BUY 10620 10645-10685 10595 BOOKED FULL PROFIT 23/04/15 NCDEX DHANIYA MAY SELL 10360 10335-10295 10385 NOT EXECUTED 23/04/15 NCDEX GUARGUM MAY BUY 11560 11610-11670 11500 NOT EXECUTED 23/04/15 NCDEX GUARGUM MAY. SELL 11360 11310-11250 11420 NOT EXECUTED 23/04/15 MCX GOLD JUN. BUY 26850 26930-27030 26760 NO PROFIT NO LOSS 23/04/15 MCX GOLD JUN. SELL 26600 26520-26420 26690 NOT EXECUTED 23/04/15 MCX SILVER MAY. BUY 36000 36200-36500 35700 BOOKED PROFIT 23/04/15 MCX SILVER MAY. SELL 35500 35300-35000 35800 NOT EXECUTED 23/04/15 USD/INR APR. BUY 63.05 63.18-62.33 6290 BOOKED FULL PROFIT 23/04/15 USD/INR APR. SELL 62.80 62.77-62.62 62.95 NOT EXECUTED 23/04/15 GBP/INR APR. BUY 94.80 95.00-95.20 94.60 BOOKED PROFIT 23/04/15 GBP/INR APR. SELL 94.40 94.20-94.00 94.60 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 23/04/15 NIFTY FUTURE BUY 8400-8450 8500-8550 8350 CALL OPEN 23/04/15 LT FUTURE BUY 1730-1750 1780-1800 1700 CALL OPEN 23/04/15 HINDPETRO FUTURE BUY 640-650 670-680 620 CALL OPEN 23/04/15 BIOCON CASH BUY 440-450 460-470 430 NOT EXECUTED
  • 8. DAILY REPORT 24 th APRIL 2015 YOUR MINTVISORY Call us at +91-731-6642300 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 responsibility. The information given herein should be treated as only factor, while making invest- ment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular invest- ments 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 forecasts, 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 ex- pressed 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, APRIL 20 8:30 AM CHICAGO FED NATIONAL ACTIVITY INDEX MARCH -- -0.08 (3 MO) TUESDAY, APRIL 21 NONE SCHEDULED WEDNESDAY, APRIL 22 9 AM FHFA HOME PRICE INDEX FEB. -- 5.1% Y-O-Y 10 AM EXISTING HOME SALES MARCH 5.03 MLN 4.88 MLN THURSDAY, APRIL 23 8:30 AM WEEKLY JOBLESS CLAIMS APRIL 18 N/A 294,000 9:45 AM MARKIT PMI FLASH APRIL -- 55.7 10 AM NEW HOME SALES MARCH 500,000 539,000 FRIDAY, APRIL 24 8:30 AM DURABLE GOODS ORDERS MARCH 0.9% -1.4%