Stock market special report by epic research 10th july 2014


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Stock market special report by epic research 10th july 2014

  1. 1. DAILY REPORT 10th JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Asian equities rose and the dollar dipped on Thursday, after the Federal Reserve indicated that it was not in a rush to end quantitative easing and begin hiking rates. MSCI's broadest index of Asia-Pacific shares outside Ja- pan gained 0.2 percent. Tokyo's Nikkei rose 0.1 percent, despite a sharp drop in machinery orders reported min- utes before the opening bell. Pan-European indexes were broadly flat to slightly higher. The euro zone's blue-chip Euro STOXX 50 index rose 0.6 percent, recovering some ground after a 3.2 per- cent fall over the previous three sessions. Wall Street Update US stocks finished higher on Wednesday, rebounding from a sharp two-day selloff, after minutes from the last Federal Reserve meeting showed policymakers have started to detail how the central bank will end its easy monetary policy. The Fed indicated it will end its bond purchases in October and appeared near agreement on a plan to manage interest rates in the future, according to the minutes. The Dow Jones industrial average rose 78.99 points or 0.47 percent, to 16,985.61. The S&P 500 gained 9.12 points or 0.46 percent, to 1,972.83. The Nasdaq Compos- ite added 27.57 points or 0.63 percent, to 4,419.03. Previous day Roundup Just a day ahead of Budget, investors grew cautious and preferred to book profits taking away a major chunk of gains from the market. The Sensex was down 137.30 points at 25444.81 and the Nifty was down 38.20 points at 7585.00. About 909 shares have advanced, 2069 shares declined, and 87 shares are unchanged. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 38.82pts], Capital Goods [down 233.48pts], PSU [down 40.50pts], FMCG [up 55.09pts], Realty [down 31.04pts], Power [down 37.97pts], Auto [down 385.13pts], Health- care [down 169.37 pts], IT [down 124.26Pts], Metals [down 68.73pts], TECK [down 64.59pts], Oil& Gas [up 90.43pts]. World Indices Index Value % Change D J l 16985.61 +0.47 S&P 500 1972.83 +0.46 NASDAQ 4419.03 +0.63 EURO STO 3203.10 +0.59 FTSE 100 6718.04 -0.30 Nikkei 225 15266.02 -0.24 Hong Kong 23228.17 +0.22 Top Gainers Company CMP Change % Chg ONGC 405.00 8.30 2.09 BPCL 582.40 11.05 1.93 IDFC 139.65 2.60 1.90 ITC 341.00 5.20 1.55 TATASTEEL 519.50 5.95 1.16 Top Losers Company CMP Change % Chg JINDALSTEL 297.70 12.20 -3.94 TATAMOTORS 455.10 14.90 -3.17 TATAPOWER 102.90 3.05 -2.88 COALINDIA 367.00 10.40 -2.76 BAJAJ-AUTO 2,169.40 56.90 -2.56 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg JUBLINDS 107.05 10.60 -9.01 POLARIS 257.85 12.65 +5.16 SASKEN 311 7.75 -2.43 - - - - Indian Indices Company CMP Change % Chg NIFTY 7585.00 -38.20 -0.50 SENSEX 25444.81 -137.30 -0.54 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg
  2. 2. DAILY REPORT 10th JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. SYNDICATE BANK [FUTURE] SYNDICATE BANK FUTURE is looking weak on charts, We advise selling around 154-155 levels with strict stop loss 159 for the targets of 150-145. 2. APOLLO TYRE [FUTURE] APOLLO TYRE FUTURE is looking weak on charts. We advise selling around 188-190 levels with strict stop loss 195 for the targets of 185-181. 3. COX & KINGS [CASH] COX & KINGS weak on daily chart. We advise selling around 239 level with strict stop loss 243 for the targets of 235-231 EQUITY CASH & FUTURE ECONOMIC SURVEY UPDATES: The Economic Survey yesterday pegged economic growth at 5.4-5.9% for 2014-15, after it crawled at sub- 5% levels in the previous two financial years. It asked the government to go for fiscal consolidation, rein in inflation, ease procedures and simplify tax policies to revive the investment climate. The priority of the govt will be the revival of business sentiments. Aggregate demand registered a growth of 5% in 2013-14 vis-à-vis 4.7% in 2012-13 primarily due to improvement in net exports. The decline in the rate of gross fixed capital formation in 2013-14 reflects sub- dued business sentiments. Implementation of Central GST could be first step to- wards GST. Need To Permit Commercial Coal Mining By Private Cos. Need To Optimise Procurement Cost Of Power. Stressed Sectors are Infra, Iron & Steel, Textiles, Avia- tion and Mining. Pricing Of Subsidised Fertilisers Skewed Nutrient Usage Rollout Of Nutrient Fert Subsidy Flawed Without Urea. Sustaining Improved BoP To Be Challenge In Medium- term. Arbitrary Cane Price Fixing By States Hitting Sugar Mills. Current Account Deficit May Be Limited To 2.1% Of GDP. Seeing Signs Of Revival In Aviation Sector. CAD May Be Limited To About $45Bn. Revision To 7-8% Growth Can Occur Only Post Next Fis- cal. Long-term debt accounts for 78.2% of total external debt. The downside risks to the economy arising from a poor monsoon, the external environment and the poor in- vestment climate. A slowdown is also noticed in services, in particular the internal trade, transport, and storage sectors. A record food grains production of 264.4 mn tonne is estimated in 2013-14. Horticulture production is estimated at 265 million tonne in 2012-13 and for the first time has exceeded the production of food grains and oilseeds. MACRO NEWS Union Budget 2014-2015 will be presented today at 11:00 am. Domestic passenger car sales increased 14.76% to 1,60,232 units in June vs. 1,39,624 units in year-ago. Bharti Airtel divests telecom tower assets. SEBI slaps Rs 1cr fine on Apollo Tyres for non- compliance.
  3. 3. DAILY REPORT 10th JULY 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 7,600 77.5 1,10,310 25,33,350 NIFTY PE 7,500 52.65 84,976 46,34,600 BANKNIFTY PE 7,700 110 80,167 20,21,300 BANKNIFTY PE 15,000 280.45 9,539 3,92,900 MCDOWELL-N PE 2,400 56 1,334 1,60,375 INFY PE 3,200 77.7 1,292 1,93,500 IDFC PE 130 2.05 1,267 18,04,000 RELIANCE PE 1,000 18.4 1,189 5,97,500 MOST ACTIVE CALL OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 8,000 69.4 1,79,193 78,76,800 NIFTY CE 7,900 103.55 99,389 34,00,200 BANKNIFTY CE 8,100 44.7 97,222 25,16,150 BANKNIFTY CE 16,000 255 11,873 5,17,500 IDFC CE 140 6.65 5,113 30,44,000 IDFC CE 150 3.35 4,009 24,70,000 RELIANCE CE 1,040 28.9 2,890 8,72,500 MCDOWELL-N CE 2,500 50.6 2,792 4,31,250 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 56472 2150.12 73924 2812.75 306806 11626.43 -662.64 INDEX OPTIONS 409230 15585.37 434802 16641.05 1521532 57646.09 -1055.68 STOCK FUTURES 105661 4018.97 94079 3561.92 1543165 55318.31 457.05 STOCK OPTIONS 71232 2807.66 70761 2780.48 104882 3840.37 27.18 TOTAL 1234.09 INDICES R2 R1 PIVOT S1 S2 NIFTY 7,694.03 7,639.52 7,595.58 7,541.07 7,497.13 BANK NIFTY 15,216.90 15,074.00 14,950.55 14,807.65 14,684.20 STOCKS IN NEWS M&M is recalling around 23,000 units of a select vari- ant of its popular sports utility vehicle Scorpio to rec- tify faulty pressure regulating valves. IndusInd Bank met street expectations with net profit in Q1 of year 2014-15 rising 25.7% yoy to Rs 421cr supported by stable asset quality & higher other in- come. Net interest income increased by 17.7% on yearly basis to Rs 800 cr and other income 22.5% to Rs 576.4cr in quarter gone by. JSW Steel to import 6-mt iron ore in FY15. NIFTY FUTURE Nifty Future closed downside in the last trading session. We advise selling around 7570 levels with strict stop loss of 7620 for the targets of 7520-7470
  4. 4. DAILY REPORT 10th JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 COMMODITY MCX RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER SEP ABOVE 45100 TGTS 45300,45600 SL 44800 SELL SILVER SEP BELOW 44700 TGTS 44500,44200 SL 45000 GOLD TRADING STRATEGY: BUY GOLD AUG ABOVE 27650 TGTS 27730,27830 SL 27550 SELL GOLD AUG BELOW 27500 TGTS 26420,26320 SL 27600 COMMODITY ROUNDUP Gold imports surged in June to a 12-month high, at an esti- mate of 52 tonnes. This follows the Reserve Bank of India’s relaxation in May of import norms, when premium and star trading houses were allowed to import under the ‘80:20’ rule. Meanwhile, it also appears traders have been destock- ing gold ahead of Thursday’s Union Budget, in which they expect a tariff cut. On Wednesday, they were said to have sold at a discount to the market price, which brought down premiums for physical delivery to $3 an ounce. RBI has also allowed gold importing banks to lease it to jewellers. Sources said the lease rates quoted are 4-4.25 per cent. Gold prices rose 0.40 per cent to Rs 27,630 per 10 grams in futures trade yesterday as speculators created fresh posi- tions, tracking a firm global trend. At the MCX, gold for de- livery in August moved up by Rs 111, or 0.40 per cent to Rs 27,630 per ten gram in business turnover of 1,641 lots. Oc- tober gold gained Rs 78, or 0.28 per cent to Rs 27,660 per 10 grams in 45 lots. The rise in gold futures was mainly in line with a firming trend in overseas markets as a decline in equities and the dollar spurred demand for an alternative investment. Meanwhile, gold added 0.4 per cent to $1,324.15 an ounce in Singapore. Copper prices moved down by 0.23 per cent to Rs 439.60 per kg in futures trade yesterday as speculators reduced positions amid subdued demand in the spot market. At the MCX, copper for delivery in November shed Re 1, or 0.23 per cent, to Rs 439.60 per kg in a business turnover of 10 lots. August copper traded lower by 75 paise, or 0.17 per cent, to Rs 433.70 per kg in 795 lots. The fall in copper prices at futures trade was due to offloading of positions by speculators on a weak trend at spot market. Meanwhile, copper for delivery in three months was little changed at $7,130 a metric tonne at the LME. Lead prices weakened by 0.30 per cent to Rs 131.30 per kg in futures trading yesterday as speculators trimmed posi- tions on lower demand from battery makers in spot mar- kets. At MCX, lead for delivery in July declined by 40 paise, or 0.30 per cent, to Rs 131.30 per kg in a business turnover of 562 lots. August lead traded lower by the same margin to Rs 132.55 per kg in 13 lots. Subdued demand from battery- makers in the spot market helped lead prices to trade lower at futures trade.
  5. 5. DAILY REPORT 10th JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS DHANIYA BUY DHANIYA AUG ABOVE 11670 TGTS 11700,11750 SL 11620 SELL DHANIYA AUG BELOW 11510 TGTS 11480,11430 SL 11560 GUARSEED BUY GUARSEED AUG ABOVE 5790 TGTS 5820,5870 SL 5740 SELL GUARSEED AUG BELOW 5680 TGTS 5650,5600 SL 5730 NCDEX NCDEX INDICES Index Value % Change Castor Seed 4180 -0.43 Chana 2678 +0.87 Coriander 11007 -1.06 Cotton Seed Oilcake 1699 -0.53 Guarseed 5540 -0.45 Jeera 11225 +0.22 Mustard seed 3483 -0.46 Soy Bean 3768 -2.41 Sugar M Grade 2982 -0.40 Turmeric 6174 -2.96 NCDEX ROUNDUP Mustardseed prices declined by Rs 43 to Rs 3,708 per quin- tal in futures trade today on the back of lower physical mar- ket sentiments. Increased selling by traders were guided by weak spot market sentiments where prices remained under pressure due to increased supply amid slackness in demand from oil mills and other vanaspati units. At NCDEX platform, mustard-seed prices for November delivery dipped by Rs 43, or 1.15 per cent, to Rs 3,708 per quintal, with an open interest of 200 lots. The July contract moved down by Rs 19, or 0.54 per cent, to Rs 3,480 per quintal, with an open inter- est of 31,320 lots. Prices for August declined by similar mar- gins of Rs 19, or 0.53 per cent, to Rs 3,534 per quintal, clock- ing an open interest of 93,670 lots. Barley prices dropped by Rs 16 to Rs 1,347 per quintal in future trading owing to increased selling by traders in line with weak spot markets on low demand. Persistent selling by traders, triggered by increased supplies from producing regions against slackned demand in physical markets, mainly led the fall in barley prices in futures trade. At NCDEX counter, barley prices for July delivery declined by Rs 16, or 1.17 per cent to Rs 1,347 per quintal, with an open interest of 5,370 lots. August barley followed suit, losing Rs 14, or 1.01 per cent to Rs 1,371 per quintal, in an open in- terest of 8,800 lots.
  6. 6. DAILY REPORT 10th JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 GBP/INR SELL GBP/INR BELOW 102.44 TGTS 102.29, 102.14 SL 102.64. BUY GBP/INR ABOVE 102.84 TGTS 102.99, 103.14 SL 102.64. JPY/INR SELL JPY/INR BELOW 58.87 TGTS 58.72, 58.57 SL 59.07. BUY JPY/INR ABOVE 59.17 TGTS 59.32, 59.47 SL 58.97 CURRENCY ROUNDUP The Indian rupee ended largely steady on Wednesday as strong dollar sales on hopes of a fiscally prudent budget were offset as shares retreated from record highs to fall for a second consecutive session. Hopes about the budget were reinforced after the government issued an economic survey report calling the fiscal situation worse than it appears and hinted at tough measures to shore up public finances and reduce inflation. A fiscally prudent government and medium- to long-term measures to bring in foreign direct investment into the country were likely to be big positives for markets. Finance Minister Arun Jaitley will present the new government's first full budget at 0530 GMT on Thursday. The partially convertible rupee ended at 59.75/76 per dollar compared with 59.78/79 on Tuesday, after trading in a range of 59.67-59.9350. Dollar sales from foreign banks, which traders attributed in part to expectations of a positive budget, offset a second consecutive losing session in shares amid concerns markets may have risen too strongly after hitting record highs on Tuesday. In the offshore non- deliverable forwards, the one-month contract was at 59.99, while the three-month was at 60.58. The dollar traded largely lower as investors opted to go long on stocks after the Federal Reserve confirmed market ex- pectations for monetary stimulus programs to end this year, likely in October. In U.S. trading on Wednesday, EUR/USD was up 0.25% at 1.3645. The Federal Reserve said in the minutes of its monetary pol- icy meeting earlier that it should end its monthly bond- buying program by the end of this year, likely in October, which sent investors chasing stocks on sentiments that the economy is recovering. The Fed is currently buying $35 bil- lion in Treasury and mortgage debt a month to spur recov- ery, a monetary policy tool known as quantitative easing that aims to stimulate the economy by suppressing long- term interest rates. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 59.7260 Yen-100 58.7900 Euro 81.3800 GBP 102.3584
  7. 7. DAILY REPORT 10th JULY 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 09/07/14 MCX GOLD AUG. BUY 27650 27730-27830 27550 SL TRIGGERED 09/07/14 MCX GOLD AUG. SELL 27350 27280-27180 27450 NOT EXECUTED 09/07/14 MCX SILVER SEP. BUY 45200 45400-45700 44900 NOT EXECUTED 09/07/14 MCX SILVER SEP. SELL 44550 44350-44050 44850 NOT EXECUTED 09/07/14 NCDEX GUARSEED JULY BUY 5630 5660-5710 5580 SL TRIGGERED 09/07/14 NCDEX GUARSEED JULY SELL 5515 5485-5435 5555 BOOKED PROFIT 09/07/14 NCDEX DHANIYA JULY BUY 11160 11190-11240 11110 BOOKED PROFIT 09/07/14 NCDEX DHANIYA JULY SELL 10985 10955-10905 11035 BOOKED PROFIT 09/07/14 EUR/INR JULY BUY 81.83 81.98-82.13 81.63 SL TRIGGERED 09/07/14 EUR/INR JULY SELL 81.43 81.28-81.13 81.63 NOT EXECUTED 09/07/14 USD/INR JULY SELL 59.89 59.74-59.59 60.09 NOT EXECUTED 09/07/14 USD/INR JULY BUY 60.19 60.34-60.49 59.99 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 09/07/14 NIFTY FUTURE SELL 7600 7550-7500 7650 CALL OPEN 09/07/14 VOLTAS FUTURE SELL 200 192-188 208 BOOKED PROFIT 09/07/14 JUST DIAL FUTURE BUY 1560 1590-1620 1530 CALL OPEN 09/07/14 FRL CASH SELL 125.5 123-120.5 128 BOOKED PROFIT
  8. 8. DAILY REPORT 10th JULY 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, JULY 07 NONE SCHEDULED TUESDAY, JULY 08 7:30 AM NFIB SMALL BUSINESS INDEX JUNE -- 96.6 10 AM JOB OPENINGS MAY -- 4.5 MLN 3 PM CONSUMER CREDIT MAY -- $27 BLN WEDNESDAY, JULY 09 2 PM FOMC MINUTES THURSDAY, JULY 10 8:30 AM WEEKLY JOBLESS CLAIMS 7/5 N/A 315,000 10 AM WHOLESALE INVENTORIES MAY -- 1.1% FRIDAY, JULY 11 2 PM FEDERAL BUDGET JUNE -- -$117 BLN