Stock market special report by epic research 11th april 2014


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Stock market special report by epic research 11th april 2014

  1. 1. DAILY REPORT 11th APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance CBOE VIX jumps 15% to 16. Europe ends lower. Asia joins the US rout, Japans’ Nikkei at 6-month low. European shares inched higher on Thursday after minutes of the U.S. Federal Reserve's latest policy meeting suggested it would be less inclined than anticipated to raise interest rates. Japanese shares sank to six-month lows on Friday as an escalating selloff on Wall Street spread to Asia and slugged markets that had been fairly resilient up to now. Markets across Asia were spooked by the scale of the losses, with Korea .KS11 down 0.9 percent in morning trade and Aus- tralia .AXJO 0.7 percent. MSCI's broadest index of Asia- Pacific shares outside Japan .MIAPJ0000PUS lost 0.7%. Wall Street Update The Nasdaq suffered its biggest drop in two-and-a-half years on Thursday after another sharp selloff in biotech and momentum names, including Gilead Sciences and Tri- pAdvisor, increasing investor anxiety about a broader pull- back. The Nasdaq biotechnology index shed 5.6 percent, its biggest one-day drop since August 2011, adding to re- cent losses since a large drop in Gilead more than two weeks ago triggered a wider selloff for biotechs and other recent big gainers. That index is now down 18.8 percent since its February 25 record close. The S&P 500 also posted its biggest percentage loss since February 3. Previous day Roundup The market ended with marginal gains as the Nifty slipped below 6800. The Nifty was flat to end at 6796.40 while the Sensex was up 12.99 points at 22715.33. About 1476 shares advanced, 1221 shares declined, and 189 shares were unchanged. Indian shares retreated from record highs hit earlier in the session to end flat as profit-taking hit blue chips such as Infosys Ltd on caution ahead of the release of quarterly earnings and inflation data next week. Index stats The Market was very volatile in Monday s session. The sar- torial indices performed as follow Consumer Durables [down 25.88pts], Capital Goods [up 194.94pts], PSU [ up 63.66pts], FMCG [down 32.32pts], Realty [up pts], Power [down pts], Auto [up 3.30pts], Healthcare [down 155.75pts], IT [down 69.81pts], Metals [up 22.50pts], TECK [down 36.03pts], Oil& Gas [up 71.73pts]. World Indices Index Value % Change D J l 16,170.22 -1.62 S&P 500 1,833.08 -2.09 NASDAQ 4,054.11 -3.10 EURO STO 3,152.86 -0.94 FTSE 100 6,641.97 +0.10 Nikkei 225 13,969.65 -2.31 Hong Kong 23,072.44 -0.49 Top Gainers Company CMP Change % Chg TATAPOWER 87.25 3.30 +3.93 NTPC 124.00 3.45 +2.86 BPCL 451.50 11.45 +2.60 CAIRN 359.40 8.40 +2.39 TATAMOTORS 429.35 8.45 +2.01 Top Losers Company CMP Change % Chg DRREDDY 2,541.10 83.30 -3.17 SUNPHARMA 613.00 17.00 -2.70 HCLTECH 1,352.00 28.25 -2.05 LUPIN 954.50 18.90 1.94 TECHM 1,705.00 32.75 -1.88 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg ADANIENT 467.80 85.45 +22.35 BANKBARODA 781.10 11.10 -1.40 CAIRN 359.40 8.40 +2.39 CROMPGREAV 174.80 9.65 +5.84 GMRINFRA 25.60 0.30 -1.16 Indian Indices Company CMP Change % Chg NIFTY 6,796.40 +0.20 0.00 SENSEX 22,715.33 +12.99 +0.06 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg
  2. 2. DAILY REPORT 11th APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. TATA POWER [FUTURE] TATA POWER FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 88 levels. We advise buying around 87-88 levels with strict stop loss 85 for the targets of 90-92 levels. 2. AUROPHARMA [FUTURE] AUROPHARMA FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it sustains below 550 levels. We advise selling around 555- 550 levels with strict stop loss 565 for the targets of 540- 535. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. MCX [CASH] MCX is looking strong on charts. We advise buying around 550-560 levels with strict stop loss of 535 for the targets of 575-590 levels. MACRO NEWS Adani Enterprises registered combined volume activity (BSE+NSE) of nearly 3 cr. shares. On the BSE, the stock has registered a volume activity of 48.4 lakh shares today which is more than 10 times its two week average of 4.4 lakh shares. The earnings season will kick in next week with companies declaring their quarterly results for the financial year ended March 31, 2014. CRISIL Research expects the average revenue growth for corporate to dip 7-9% in Q4FY14, while EBITDA margins to remain stable at 17.2%. It, however, sees the revenue growth to recover gradually in 2014-2015. Excise collection up 2%, service tax 14% in West Bengal for FY 14. Next week marks the start of quarterly earnings reports, while India will also release CPI data, in the midst of a five -week elections. Overseas investors have been heavy buy- ers of Indian shares, buying $173.50 mn worth of shares on Wednesday, totaling $4.7 bn so far in 2014. But DII are much less subdued in their buying. Life Insurance Corp was spotted selling IT and bank shares after a recent rally.
  3. 3. DAILY REPORT 11th 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 28.75 3,40,363 58,40,400 NIFTY PE 6,800 60.25 3,28,422 39,71,800 BANKNIFTY PE 6,600 13.8 1,85,346 53,22,750 BANKNIFTY PE 12,500 68 27,597 2,93,650 SBIN PE 2,000 35 5,070 1,75,250 INFY PE 3,000 44 2,591 2,52,875 RELIANCE PE 960 12.8 2,334 2,30,250 DLF PE 180 9 1,349 10,62,000 MOST ACTIVE CALL OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 6,900 32.45 3,58,759 39,39,450 NIFTY CE 6,800 73 3,46,708 35,44,350 NIFTY CE 7,000 13.1 2,41,135 35,79,000 BANKNIFTY CE 13,500 53.25 44,342 3,88,650 SBIN CE 2,100 23.45 7,067 3,26,875 DLF CE 190 3.5 5,002 36,34,000 JPASSOCIAT CE 60 2.35 3,617 67,44,000 RELIANCE CE 980 14.75 3,286 3,37,000 FII DERIVATIVES STATISTICS BUY OPEN INTEREST AT THE END OF THE DAYSELL No. of Contracts Amount in Crores No. of Contracts Amount in Crores No. of Contracts Amount in Crores NET AMOUNT INDEX FUTURES 58331 1980.49 68712 2335.41 362733 12322.00 -354.91 INDEX OPTIONS 410798 13791.16 347871 11679.59 1529295 51871.74 2111.57 STOCK FUTURES 103703 4006.54 114359 4360.49 1097847 38692.55 -353.95 STOCK OPTIONS 59860 2195.03 60885 2232.61 57457 2041.52 -37.58 TOTAL 1365.12 INDICES R2 R1 PIVOT S1 S2 NIFTY 6755.83 6776.11 6797.58 6817.86 6839.33 NIFTYJUNIOR 13620.46 13751.73 13848.11 13979.38 14075.76 BANK NIFTY 12787.66 12868.53 12962.06 13042.93 13136.46 STOCKS IN NEWS Financial Technologies India Ltd has received non- binding bids from about 8-10 companies interested in buying its stake in commodities exchange MCX. Piramal Enterprises to sell Vodafone stake for Rs 8,900 cr. Bandhan may hire consultancy firm to prepare bank's blueprint Suzlon Energy to sell Rs 1,000 crore of non-core local assets NIFTY FUTURE Nifty Future closed in the green in the last trading ses- sion. We advise buying around 6800- 6820 levels with strict stop loss of 6750 for the targets of 6860-6890 lev- els.
  4. 4. DAILY REPORT 11th APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER(MAY) ABOVE 43560 TGTS 43760/44060 SL 43200 SELL SILVER(MAY) BELOW 43200 TGTS 43000/42700 SL 43550 GOLD TRADING STRATEGY: BUY GOLD(JUN) ABOVE 28790 TGTS 28870/28970 SL 28680 SELL GOLD(JUN) BELOW 28600 TGTS 28520/28420 SL 28710 COMMODITY ROUNDUP MCX Gold futures witnessed a strong rally yesterday, ex- tending the recent break as geopolitical worries and pros- pects of easy money conditions continuing in the US sup- ported the sentiments. The yellow metal jumped back soon above $1300 an ounce after tumbling below $1280 an ounce last week amid growing expectations that the Fed will raise interest rates sooner than expected. COMEX Gold quotes at $1323, up $17.10 per ounce on the day. MCX Gold futures are trading at Rs 28723, up Rs 306 per 10 grams on the day or 1%. The open interest has spurted by 6%. Gold futures have added gains this week getting sup- port from rising tensions over Ukraine and also as the Fed minutes revealed that officials were not keen on increasing interest rates anytime soon. Federal Reserve policymakers last month were concerned that a rise in their interest rate forecasts could suggest a faster hike in rates than markets had expected and took pains to stress those rates would remain very low for some time, according to minutes of the Fed's March 18-19 meet- ing released Wednesday. The minutes also reveal the Fed held a March 4 meeting by videoconference, where mem- bers agreed that the Fed's threshold for starting to raise rates -- when the unemployment rate reached 6.5% -- was becoming outdated. The unemployment rate fell below 7.0% in December. MCX Copper futures were trading on a flat note yesterday. The global copper prices stayed on edge following tepid foreign trade data from China- the second largest economy in the world. China's March exports fall 6.6% vs. year earlier while the imports also dropped 11.3% vs. year earlier. COMEX Copper stayed in a tight range following this and currently quotes at $3.0340, down 0.10% on the day. MCX Copper futures are trading at Rs 404.05, down Rs 0.15 per kg on the day. Oil prices looked away from the standoff in Ukraine on Thursday and fell on soft Chinese trade numbers and a weak U.S. supply report. On the New York Mercantile Ex- change, West Texas Intermediate crude oil for delivery in May traded at $103.40 a barrel during U.S. trading, down 0.19%. New York-traded oil futures hit a session low of $103.12 a barrel and a high of $103.80 a barrel. COMMODITY MCX
  5. 5. DAILY REPORT 11th APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS DHANIYA BUY DHANIYA APR ABOVE 9450 TGTS 9480,9530 SL 9400 SELL DHANIYA APR BELOW 9370 TGTS 9340,9290 SL 9420 GUARSEED BUY GUARSEED APR ABOVE 4560 TGTS 4590,4640 SL 4510 SELL GUARSEED APR BELOW 4510 TGTS 4480,4430 SL 4560 NCDEX NCDEX INDICES Index Value % Change Castor Seed 3880 +0.13 Chana 3079 -0.03 Coriander 9405 -2.73 Cotton Seed Oilcake 1471 -1.87 Jeera 4525 +0.44 Maize– Feed/Industrial Grade 9860 +0.66 Mustard seed 3403 0.00 Soy Bean 4390 -0.66 Turmeric 6164 -0.26 NCDEX ROUNDUP Jeera prices moved up by 1.91% to Rs 10,115 per quintal in futures market yesterday after speculators built-up posi- tions, driven by a rise in demand in the spot market against restricted supplies from producing region. At the NCDEX jeera for delivery in May moved up by Rs 190, or 1.91% to Rs 10,115 per quintal with an open interest of 8400 lots. Similarly, the spice for delivery in April gained Rs 180, or 1.84% to Rs 9975 per quintal in 2088 lots. The rise in jeera prices at futures trade was mostly on the back of rising de- mand in the spot markets against restricted supplies. Chana prices rose by 0.29% to Rs 3,072 per quintal in fu- tures trade yesterday as speculators created fresh posi- tions, supported by rising demand in the spot market. How- ever, expectations of higher output restricted the gains. At the NCDEX, chana for delivery in May rose by Rs 9, or 0.29%, to Rs 3,134 per quintal with an open interest of 89,870 lots. Similarly, the commodity for delivery in April contract traded higher by Rs 8, or 0.26%, to Rs 3,088 per quintal in 26,760 lots. Fresh positions built up by specula- tors after pick up in demand in the spot market mainly led to rise in chana prices at futures trade.
  6. 6. DAILY REPORT 11th APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 GBP/INR SELL GBP-INR BELOW100.96 TGTS 100.83, 100.68 SL 101.21. BUY GBP-INR ABOVE 101.44 TGTS 101.57, 101.72 SL 101.19. USD/INR SELL USD-INR BELOW 60.21 TGTS 60.08, 59.93 SL 60.46. BUY USD-INR ABOVE 60.53 TGTS 60.66, 60.81 SL 60.28. CURRENCY ROUNDUP The Indian rupee opened marginally higher by 9 paise at 60.04 per dollar on Thursday as against previous closing value of 60.13 a dollar. The dollar drifted at three-week lows against a basket of major currencies, having fallen for a fourth session after minutes from the Federal Reserve's March meeting disappointed dollar bulls. And Indian rupee ended little changed on Thursday as caution prevailed ahead of a slew of economic data, while dollar demand by state-run banks, which traders attributed to defense and oil -related payments, weighed on sentiment. The data, start- ing with industrial output on Friday and consumer inflation on Tuesday, comes as voting gets underway in the coun- try's general elections. The dollar is on track for its biggest weekly fall in nine- months early on Friday, having given up all of its recent gains as markets become increasingly convinced that any interest rate hike by the Federal Reserve is still a long way off. The U.S. Treasuries market rallied on Thursday with benchmark yields falling to their lowest in nearly four weeks as market friendly minutes from the Federal Re- serve's March policy meeting renewed appetite for govern- ment debt. The dollar weakened against most major currencies on Thursday as investors continued to avoid the greenback after the minutes from the Federal Reserve's March policy meeting revealed monetary authorities are concerned with soft consumer prices. In U.S. trading on Thursday, EUR/USD was up 0.27% at 1.3893. The Federal Reserve Board of Gov- ernors unanimously voted to scrap a threshold that would hike interest rates once the unemployment rate hits 6.5%. The dollar was down against the yen, with USD/JPYY down 0.55% at 101.43, and down against the Swiss franc, with USD/CHF down 0.43% at 0.8758. The greenback was up against the pound, with GBP/USD down 0.02% at 1.6790. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 60.2115 Yen-100 59.1800 Euro 83.3340 GBP 101.0469
  7. 7. DAILY REPORT 11th 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 10/04/14 MCX GOLD JUNE BUY 28600 28680-28780 28480 BOOKED FULL PROFIT 10/04/14 MCX GOLD JUNE SELL 28350 28270-28170 28470 NOT EXECUTED 10/04/14 MCX SILVER MAY BUY 42850 43050-43400 42500 BOOKED FULL PROFIT 10/04/14 MCX SILVER MAY SELL 42500 42300-42000 42830 NOT EXECUTED 10/04/14 NCDEX GUARSEED APR. BUY 4630 4660-4710 4580 NOT EXECUTED 10/04/14 NCDEX GUARSEED APR. SELL 4480 4450-4400 4530 NOT EXECUTED 10/04/14 NCDEX DHANIYA APR. BUY 9710 9740-9790 9660 BOOKED FULL PROFIT 10/04/14 NCDEX DHANIYA APR. SELL 9635 9605-9555 9695 BOOKED FULL PROFIT 10/04/14 EUR/INR APR. BUY 83.44 83.57-73.72 83.19 NOT EXECUTED 10/04/14 EUR/INR APR. SELL 82.88 82.75-82.60 83.13 NOT EXECUTED 10/04/14 USD/INR APR. SELL 60.17 60.04-59.89 60.42 NOT EXECUTED 10/04/14 USD/INR APR. BUY 60.53 60.66-60.81 60.28 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 10/04/14 NIFTY FUTURE BUY 6800- 6820 6860-6890 6750 BOOKED PROFIT 10/04/14 YES BANK FUTURE BUY 445-450 465-485 430 CALL OPEN 10/04/14 SYNDICATE BANK FUTURE BUY 102-103 104-107 100 BOOKED PROFIT 10/04/14 ESCORTS INDIA CASH BUY 125-128 132-138 120 BOOKED PROFIT 04/04/14 HINDUNILEVER FUTURE BUY 605-610 618-623 595 BOOKED PROFIT 01/04/14 BGR ENERGY CASH BUY 130-135 142-148 122 BOOKED PROFIT 09/04/14 BHARTI AIRTEL FUTURE BUY 322 325-330 316.5 BOOKED PROFIT 09/04/14 RCOM CASH BUY 136 138-142 133 BOOKED PROFIT
  8. 8. DAILY REPORT 11th 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 07 3 PM CONSUMER CREDIT FEB. -- $13.7 BLN TUESDAY, APRIL 08 7:30 AM NFIB SMALL BUSINESS INDEX MARCH -- 91.4 10 AM JOB OPENINGS FEB. -- 4 MLN WEDNESDAY, APRIL 09 10 AM WHOLESALE INVENTORIES FEB. -- 0.6% 2 PM FOMC MINUTES 3/19 -- THURSDAY, APRIL 10 8:30 AM JOBLESS CLAIMS 4/10 N/A N/A 8:30 AM IMPORT PRICE INDEX MARCH -- 0.9% 2 PM FEDERAL BUDGET MARCH -$107 BLN FRIDAY ,APRIL 11 8:30 AM PRODUCER PRICE INDEX MARCH -- -0.1% 9:55 AM UMICH CONSUMER SENTIMENT APRIL -- 80.0