Special report by epic research 21 april 2014


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Special report by epic research 21 april 2014

  1. 1. DAILY REPORT 21st APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance European equities finished higher on Thursday after losing ground earlier in the session, with upbeat results from ma- jor U.S. companies like Morgan Stanley, Goldman Sachs and General Electric improving sentiment. Morgan Stanley reported a 55 percent jump in first-quarter earnings. En- couraging U.S. results helped cyclical sectors to gather pace, with the STOXX Europe Automobile and Auto Parts index rising 2.1% to become the top performing sector. Nikkei share average advanced on Friday after upbeat US economic data and corporate earnings bolstered. The Nik- kei was up 0.4% at 14,474.83 in midmorning trade after ending flat at 14,417.53 the previous day. Wall Street Update Stocks ended a holiday-shortened week with mostly mod- est gains on Thursday, though the S&P 500 notched its big- gest weekly advance since July as Morgan Stanley and General Electric rallied after strong results. The Dow Jones industrial average .DJI slipped 16.31 points, or 0.10 per- cent, to end at 16,408.54. The Standard & Poor's 500 In- dex .SPX rose 2.54 points, or 0.14 percent, to finish at 1,864.85. The Nasdaq Composite Index .IXIC gained 9.29 points, or 0.23 percent, to close at 4,095.52. Previous day Roundup After three-day of losses, the market showed spectacular rebound on Thursday with the benchmark indices rising more than 1.5 percent on broadbased buying. It was also a polling day, when the fifth phase of general elections for 121 Lok Sabha seats (maximum number of seats in a single phase) across 12 states (including all of Karnataka, Ma- harashtra and Rajasthan states) was held on Thursday. Tracking the momentum, the 50-share Nifty index also managed to regain its crucial psychological level of 6700, supported by gains in IT, autos, metal, realty and banking stocks. The BSE Sensex closed the day at 22,628.84; up 351.61, or 1.58%. The 50-share Nifty index ended th day at 6,779.40; up 104.10 points, or 1.56%. Index stats The Market was very volatile in Monday s session. The sar- torial indices performed as follow Consumer Durables [up 52.42pts], Capital Goods [up 188.47pts], PSU [up 100.46pts], FMCG [up 89.46pts], Realty [up 40.59pts], Power [up 31.50pts], Auto [up 297.32pts], Healthcare [up 73.94pts], IT [down pts], Metals [up pts], TECK [up 49.36pts], Oil& Gas [down pts]. World Indices Index Value % Change D J l 16,408.54 -0.10 S&P 500 1,864.85 +0.14 NASDAQ 4,095.52 +.23 EURO STO 3,155.81 +0.53 FTSE 100 6,625.25 +0.62 Nikkei 225 14,516.27 +0.88 Hong Kong 22,760.24 +0.28 Top Gainers Company CMP Change % Chg TATAMOTORS 430.20 19.05 +4.63 HINDALCO 141.50 6.05 +4.47 JINDALSTEL 280.40 11.00 +4.08 AMBUJACEM 216.00 8.25 +3.97 ICICBANK 1264.05 41.50 +3.39 BPCL 449.75 13.40 +3.07 BHEL 180.90 5.35 +3.05 Top Losers Company CMP Change % Chg HDFCBANK 718.00 -1.10 POWERGRID 106.80 -0.84 MCDOWELL-N 2,852.00 -0.69 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg APOLLOTYRE 173.40 12.45 +7.74 ARVIND 192.10 11.35 +6.28 CAIRN 368.45 6.55 +1.81 GLOBOFFS 342.65 0.05 -0.01 JKTYRE 206.20 25.20 +14.05 Indian Indices Company CMP Change % Chg NIFTY 6779.40 +104.10 +1.56 SENSEX 22,628.84 +351.61 +1.58 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg
  2. 2. DAILY REPORT 21st APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. ARVIND [FUTURE] ARVIND FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 190 levels. We advise buying around 190-191 levels with strict stop loss 188 for the targets of 193-195 levels. 2. TATA MOTORS [FUTURE] TATA MOTORS FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sus- tains 425 levels. We advise buying around 425-428 levels with strict stop loss 415 for the targets of 435-440 levels. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. SASKEN COMMUNICATION SASKEN COMMUNICATION is looking strong on charts. We advise buying around 210-215 levels with strict stop loss of 200 for the targets of 225-235 levels. MACRO NEWS HCLTech beats street forecast by reporting Q3 (Jan.-Mar.) net profit at Rs 1,624cr, up 8.5% sequentially and 59% YoY due to better operating performance. Net profit margin expanded to 19.4% from 18.3% QoQ. The forex loss dur- ing the quarter was at USD 23.3 mn vs. USD 25.5 mn QoQ. Tea industry facing sustainability challenges. According to the global financial services major, inflation may remain sticky, with a possible El Nino effect on the monsoon likely to push up food prices. Data from stock exchanges show FIIs increased their hold- ings in several mid-cap companies such as Dhanlaxmi Bank, Page Industries, Jagran Prakashan, McDowell Hold- ings, Nesco and Financial Technologies, in the March quarter. HDFC Bank stock has come under pressure on fears of a possible sell-off by foreign funds due to restructuring by MSCI. The global index provider is set to cut the bank’s weightage in its MSCI India index from the current 5.5% to 2%. The move could lead to selling by passive foreign funds. The new weightage will be effective from June. India’s foreign exchange reserves have increased by $2.8 billion to $309.5 billion.
  3. 3. DAILY REPORT 21st APRIL 2014 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 6,700 10.75 6,31,044 69,53,700 NIFTY PE 6,800 36 3,70,287 43,14,700 NIFTY PE 6,600 3.3 3,23,680 59,26,800 BANKNIFTY PE 12,500 32.55 60,733 3,86,150 TCS PE 2,200 21 10,977 2,80,250 SBIN PE 1,950 5.75 3,286 1,34,625 ICICBANK PE 1,250 10.9 3,226 3,40,250 INFY PE 3,100 5.25 2,823 1,76,625 MOST ACTIVE CALL OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 6,800 37.5 7,19,227 48,50,100 NIFTY CE 6,700 108.5 3,84,121 35,64,050 NIFTY CE 6,900 7.7 3,09,559 41,25,550 BANKNIFTY CE 13,000 65 73,893 4,79,325 TCS CE 2,250 15.25 13,272 2,50,500 SBIN CE 2,000 40.4 9,336 3,24,750 INFY CE 3,200 25.1 6,718 2,10,875 RELIANCE CE 960 16.1 3,952 5,70,750 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 103011 3465.44 81728 2749.00 401545 13591.19 716.44 INDEX OPTIONS 468268 15544.17 453890 15058.90 1573063 53194.43 485.27 STOCK FUTURES 241539 8589.05 247743 8893.27 1123772 39693.02 -304.22 STOCK OPTIONS 80801 2845.21 81287 2854.53 66766 2357.04 -9.32 TOTAL 888.17 INDICES R2 R1 PIVOT S1 S2 NIFTY 6650.29 6714.85 6748.95 6813.5 6847.6 NIFTYJUNIOR 13460.33 13559.11 13611.63 13710.41 13762.93 BANK NIFTY 12402.75 12595.0 12707.05 12899.3 13011.35 STOCKS IN NEWS Hindzinc and LIC Housing Finance will declare results tomorrow. Hindustan Construction Company bags Rs 300 cr. Delhi Metro Rail Corporation Ltd contract. Coal India to recruit 3,000 mining staff. Bajaj Auto union demands 'insane' and ‘preposterous’. Tata Steel said its shareholders will meet on May 16 to discuss merger of Tata Metaliks with the company. Bharti Airtel continues to face exodus of top execu- tives. NIFTY FUTURE Nifty Future closed in the green in the last trading ses- sion. We advise buying around 6750-6780 levels with strict stop loss of 6720 for the targets of 6830-6860.
  4. 4. DAILY REPORT 21st APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER(MAY) ABOVE 42700 TGTS 42950/43300 SL 42400 SELL SILVER(MAY) BELOW 42100 TGTS 41850/41500 SL 42400 GOLD TRADING STRATEGY: BUY GOLD(MAY) ABOVE 28650 TGTS 28730/28830 SL 28550 SELL GOLD(MAY) BELOW 28400 TGTS 28320/28220 SL 28500 COMMODITY ROUNDUP Unofficial inflow’ of gold into India was estimated at 178.7 tonnes in 2013, about 75 per cent higher compared to the 104 tonnes in 2012, according to a GFMS Thomson Reuters survey. This follows the several restrictions of official im- port, such as a 10.3 per cent tariff and a legal compulsion to export 20 per cent of any imported gold. GFMS estimated the total gross gold import in 2013 at 961.7 tonnes, a tenth lower than the previous year. The govt’s curbs were after a rise in gold import to $56 billion in 2012-13; this was held to be putting undue pressure on the current account deficit. MCX Crude oil futures came off their highs following a slight moderation in global prices. The commodity had stayed supported earlier in the session as concerns over clashes between pro-Russia militants and Ukrainian forces contin- ued to feed worries over global oil supplies. However, intra- day moves have seen crude struggle to hold onto the rallies. WTI Crude futures are off their two-year highs and currently quote at $103.80, almost unchanged on the day. MCX Crude oil futures are trading at Rs 6262 per barrel; up Rs 12 per barrel on the day after hitting highs above Rs 6300 ear- lier in the session. The quick recovery in the COMEX Copper seen on Wednes- day and which is continuing on Thursday is due to the prices slowing down to the levels of production cost. The metal is produced at $ 2.8 to $ 3 per pound in various mines across the globe. In brief moment last session the prices of COMEX Copper moved below $3 before recover. When last checked the prices of COMEX Copper were trading at $3.039 per pound, up 1cent. Indian Copper was seen trading at Rs 405.6 per kg, unchanged from last evening. The prices have tested a high of Rs 406.2 per kg, and low of Rs 403.8 per kg. Oil prices rose in Asian trade on Thursday on lingering con- cerns over the Ukraine crisis, but analysts said a bearish US stockpiles report was dampening sentiment. New York's main contract, West Texas Intermediate for May delivery, was up 33 cents at $104.09 in mid-morning trade and Brent North Sea crude for June gained seven cents to $109.67. Events in Eastern Europe continued to support oil prices ahead of Geneva talks between Ukraine, Russia, the Euro- pean Union and Washington. COMMODITY MCX
  5. 5. DAILY REPORT 21st APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS DHANIYA BUY DHANIYA MAY ABOVE 9620 TGTS 9650,9700 SL 9570 SELL DHANIYA MAY BELOW 9565 TGTS 9535,9485 SL 9605 GUARSEED BUY GUARSEED MAY ABOVE 4880 TGTS 4910,4960 SL 4830 SELL GUARSEED MAY BELOW 4800 TGTS 4770,4720 SL 4850 NCDEX NCDEX INDICES Index Value % Change Castor Seed 3959 -1.00 Chana 3100 -0.39 Coriander 9599 +0.29 Cotton Seed Oilcake 1491 +0.40 Jeera 4835 -0.62 Maize– Feed/Industrial Grade 9910 -0.30 Mustard seed 3478 -0.06 Soy Bean 4475 -0.09 Turmeric 6482 -1.82 NCDEX ROUNDUP Mills produced 23.15 million tonnes of sugar between Oct. 1 and April 15, down 4 percent from a year earlier, a produc- ers' body said. Mills had produced 1.54 million tonnes raw sugar by the end of March and of that 850,000 tonnes was exported, the Indian Sugar Mills Association ( ISMA) said in a statement on Thursday. In March alone, mills shipped 350,000 tonnes of raw sugar and they are likely to benefit from the incentives announced by the government for the dispatches. In the past five weeks, jaggery prices have risen 11 per cent on concerns about low production due to unseasonal rain and hailstorms in major sugar-producing regions, including Uttar Pradesh, Maharashtra and Tamil Nadu. Traded at about half the price of sugar a few years ago, jaggery has almost bridged the price gap and is currently being quoted at Rs 1,170/40 kg, or Rs 29.25/kg (chaku variety) in the benchmark wholesale Muzaffarnagar market. The NCDEX Guarseed May futures declined by 0.62% today to close at Rs 4835 per quintal. The futures added 5% today in open interest indicating fresh short position by traders. Maize Settles In Red On Higher Supplies In Local Mandies.
  6. 6. DAILY REPORT 21st APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 JPY/INR SELL JPY-INR BELOW 59.07 TGTS 58.94, 58.79 SL 59.32. BUY JPY-INR ABOVE 59.51 TGTS 59.64, 59.79 SL 59.26. GBP/INR SELL GBP-INR BELOW 101.44 TGTS 101.30,101.15 SL 101.69. BUY GBP-INR ABOVE 101.90 TGTS 102.04, 102.19 SL 101.65. CURRENCY ROUNDUP The Indian rupee recovered in late trade on Thursday, boosted by gains in the domestic share market while some dealers also cited dollar selling by large state-run banks which could be on behalf of the central bank. The unit, how- ever, dropped on the week, posting its third straight weekly fall, as investors pared positions amid the ongoing national elections. Foreign funds sold Indian shares worth 446.9 mil- lion rupees ($7.4 mn) on Wednesday, provisional exchange data showed, marking the third consecutive session of out- flows. The partially convertible rupee closed at 60.29/30 per dollar compared with 60.37/38 on Wednesday. On the week, the rupee fell 0.2 percent, in its third straight weekly drop. Earlier in the day, the rupee fell to a session low of 60.50 as importers, particularly oil firms rushed to buy dol- lars in a holiday-shortened week. Most emerging Asian currencies too edged up on Thursday as the dollar eased broadly after U.S. Federal Reserve Chair Janet Yellen's dovish comments on monetary policy, while trading was subdued ahead of a holiday in some markets. In the offshore non-deliverable forwards, the one-month con- tract was at 60.76 while the three-month was at 61.53. The dollar was lower against the other main currencies on Thursday after dovish sounding comments from Federal Reserve Chair Janet Yellen, while sterling rose to four-and-a- half year highs amid growing expectations for a U.K. rate hike in the early part of next year. USD/JPY was last trading at 102.05, down from Wednesday's highs of 102.35. The dollar softened after Fed Chair Janet Yellen said Wednesday that monetary policy will need to remain accommodative for some time, citing slackness in the labor market and low inflation. The euro rose to four-day highs against the dollar, with EUR/USD climbing 0.34% to 1.3863. Sterling was trading at four-and-a-half year highs against the dollar, with GBP/USD up 0.22% to 1.6832, the highest level since Nov. 2009. The pound strengthened against the other major currencies after data on Wednesday showed that the U.K. unemployment rate fell to a 5 year low of 6.9% in the three months to February. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 60.3805 Yen-100 59.2000 Euro 83.5737 GBP 101.6325
  7. 7. DAILY REPORT 21st APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 CALL REPORT PERFORMANCE UPDATES Date Commodity/ Currency Pairs Contract Strategy Entry Level Target Stop Loss Remark 17/04/14 MCX GOLD JUNE BUY 28660 28740-28840 28540 NOT EXECUTED 17/04/14 MCX GOLD JUNE SELL 28430 28350-28250 28550 NOT EXECUTED 17/04/14 MCX SILVER MAY BUY 42440 42640-42940 42140 BOOKED PROFIT 17/04/14 MCX SILVER MAY SELL 42000 41800-41500 42350 NOT EXECUTED 17/04/14 NCDEX GUARSEED MAY BUY 4895 4925-4975 4845 NOT EXECUTED 17/04/14 NCDEX GUARSEED MAY SELL 4840 4810-4760 4890 BOOKED PROFIT 17/04/14 NCDEX DHANIYA APR. BUY 9615 9645-9695 9565 BOOKED PROFIT 17/04/14 NCDEX DHANIYA APR. SELL 9540 9510-9460 9590 SL TRIGGERED 17/04/14 EUR/INR APR. BUY 83.74 83.88-84.03 83.59 NO PROFIT NO LOSS 17/04/14 EUR/INR APR. SELL 83.44 83.30-83.15 83.69 NOT EXECUTED 17/04/14 USD/INR MAR. BUY 60.60 60.73-60.88 60.35 NOT EXECUTED 17/04/14 USD/INR MAR. SELL 60.17 60.04-59.89 60.42 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 17/04/14 NIFTY FUTURE SELL 6750 6700-6650 6800 SL TRIGGERED 17/04/14 HDIL FUTURE SELL 71-72 69-67 74 SL TRIGGERED 17/04/14 HEXAWARE CASH SELL 160 155-150 165 NOT EXECUTED 17/04/14 PANACEA BIOTECH FUTURE BUY 160 170-180 150 SL TRIGGERED 16/04/14 TCS FUTURE BUY 2200- 2240 2280-2300 2160 CALL OPEN 15/04/14 INDUSIND BANK FUTURE SELL 500-495 480-460 520 CALL OPEN
  8. 8. DAILY REPORT 21st APRIL 2014 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 (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS MONDAY, APRIL 21 10 AM LEADING INDICATORS MARCH -- 0.5% TUESDAY, APRIL 22 9 AM FHFA HOME PRICE INDEX FEB. 10 AM EXISTING HOME SALES MARCH 4.54 MLN 4.60 MLN WEDNESDAY, APRIL 23 9 AM MARKET "FLASH" PMI APRIL -- 55.5 10 AM NEW HOME SALES MARCH 455,000 440,000 THURSDAY, APRIL 24 8:30 AM JOBLESS CLAIMS 4/245 N/A 304,000 8:30 AM DURABLE GOODS ORDERS MARCH 1.9% 2.2% FRIDAY ,APRIL 25 9:55 AM UMICH CONSUMER SENTIMENT APRIL 82.6 82.6