Stock market special report by epic research 14th august 2014


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Stock market special report by epic research 14th august 2014

  1. 1. DAILY REPORT 14th AUGUST 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Asian shares pushed higher on Thursday after a flood of soft economic data led investors to wager on a ceaseless fountain of stimulus from major central banks, sending bond yields tumbling across the globe. An economic con- traction in Japan, a shock fall in Chinese loans, a surpris- ingly dovish turn by the Bank of England and a sluggish reading on U.S. retail sales all combined to make any tight- ening in policy seem a very distant prospect. Japan's Topix rose 0.6 percent, while the Australian market added 0.4 percent. MSCI's broadest index of Asia-Pacific shares out- side Japan was up 0.1 percent. European stock markets recovered ground on Wednesday, lifted by gains in the shares of utility E.ON and insurer Swiss Life after forecast-beating results. The pan-European FTSEurofirst 300 index, which had hit a 6-1/2 year high in late June but then fell back some 5 percent due to the Ukraine crisis, closed up by 0.4 percent at 1,325.46 points. A 4.8 percent rise at E.ON gave one of the biggest lifts to the FTSEurofirst 300. Wall Street US stocks ended higher on Wednesday, with the Dow Jones industrial average returning to positive territory for the year, as surging biotech shares helped investors shrug off disappointing retail sales data. The Dow Jones industrial average rose 91.26 points, or 0.55 percent, to close at 16,651.80. The S&P 500 gained 12.97 points, or 0.67 per- cent, to finish at 1,946.72. The Nasdaq Composite added 44.88 points, or 1.02 percent, to end at 4,434.13. Previous day Roundup The market has ended on a flat note but the Nifty held on to 7700 levels. The 50-share index closed up 12.50 points at 7739.55 while the Sensex is up 38.18 points at 25918.95. About 878 shares advanced, 2049 shares declined and 85 shares were unchanged. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 189.18pts], Capital Goods [down 382.77pts], PSU [down 154.61pts], FMCG [up 157.56pts], Auto [up 13.30pts], Healthcare [up 92.34pts], IT [up 74.06Pts], Metals [down 161.68pts], TECK [up 8.56pts], Oil& Gas [down pts], Power [down 45.12pts], Realty [down 97.99pts]. World Indices Index Value % Change D J l 16651.80 +0.55 S&P 500 1946.72 +0.67 NASDAQ 4434.13 +1.02 EURO STO 3056.17 +1.07 FTSE 100 6656.68 +0.37 Nikkei 225 15304.62 +0.60 Hong Kong 24886.40 -0.02 Top Gainers Company CMP Change % Chg HCLTECH 1,561.00 43.85 2.89 ITC 356.75 9.70 2.79 HINDUNILVR 718.10 17.20 2.45 HDFC 1,142.75 26.35 2.36 SUNPHARMA 803.15 17.90 2.28 Top Losers Company CMP Change % Chg BHEL 209.60 14.60 -6.51 BANKBARODA 872.85 41.25 -4.51 DLF 194.00 8.30 -4.10 COALINDIA 351.95 12.65 -3.47 HINDALCO 179.10 6.30 -3.40 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg APOLLOHOSP 1129.00 58.05 +5.42 BHARATFORG 770.60 20.9 +2.79 DABUR 213.10 7.00 +3.40 GLENMARK 700.15 15.5 +2.27 HDFC 1142.75 26.35 +2.36 Indian Indices Company CMP Change % Chg NIFTY 7739.55 +12.50 +0.16 SENSEX 25918.95 +38.18 +0.15 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg
  2. 2. DAILY REPORT 14th AUGUST 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. SUN PHARMA FUTURE SUNPHARMA FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 800 levels. We advise buying around 790-800 levels with strict stop loss of 770 for the targets of 820-835 levels. 2. AXIS BANK FUTURE AXIS BANK FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it sustains below 370 levels. We advise selling around 380-370 levels with strict stop loss of 390 for the targets of 360-350 levels. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. GATI GATI weak on daily chart. We advise selling around 129.50 level with strict stop loss 132.50 for the targets of 126.50- 123.50. MACRO NEWS Balance of Trade and WPI Inflation data will be an- nounced tomorrow. Results Today: Hindalco, Cipla, RCOM , RelCap, Spicejet , IndiabullsPower, IndiabullsInfra, FRL, United Bank, Video- con, MTNL, Orchid Chemicals, HindMotors, Pipavav De- fense, Eros, Gitanjali Gems, KS Oil, ABG Shipyard. Petrol price to be cut by Rs 1.89-2.38/litre from Aug. 15 Tata Steel Q1 profit plunges 70% on provision, higher tax. It has reported an exceptional loss of Rs 262 crore during the quarter after provision for impairment of non-current assets at Rs 1,577 crore and profit from sale of non-core investments worth Rs 1,314.2 crore. (ONGC) missed street expectations with the first quarter net profit rising 19 percent year-on-year to Rs 4,782 crore impacted by higher exploration cost written off and de- preciation cost Carlsberg investing Rs 200cr to boost India market share FMCG majors like GSK, Coca-Cola India and others join hands to push FSSAI on speedy approvals Top 20 pharma companies' capex to surge by 40%. Top officials of power, oil ministries to meet PMO on gas price pooling.
  3. 3. DAILY REPORT 14th AUGUST 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 7,700 58.85 5,43,061 50,31,600 NIFTY PE 7,600 30.1 4,61,161 72,63,750 NIFTY PE 7,500 15.25 2,89,767 55,78,850 BANKNIFTY PE 14,500 79.3 31,596 4,35,575 SBIN PE 2,400 60.05 5,666 2,36,250 BHEL PE 200 3.4 2,918 14,08,000 RELIANCE PE 980 11 2,604 5,53,000 HDFC PE 1,100 9.6 1,922 2,78,500 MOST ACTIVE CALL OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 7,800 46.45 5,88,628 54,65,450 NIFTY CE 7,900 18.6 4,46,881 42,70,800 NIFTY CE 7,700 95.45 3,55,378 34,67,600 BANKNIFTY CE 15,500 44 41,080 4,77,250 SBIN CE 2,400 35.85 6,506 2,35,625 RELIANCE CE 1,000 13.35 6,255 12,01,000 JPASSOCIAT CE 60 0.4 4,787 96,80,000 BHEL CE 220 1.7 3,087 13,48,000 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 61118 2355.84 42663 1638.07 271887 10477.94 717.77 INDEX OPTIONS 379973 14503.45 368304 14079.41 1469291 56769.16 424.05 STOCK FUTURES 80210 2944.08 72621 2695.82 1405508 49394.18 248.26 STOCK OPTIONS 76195 2832.08 79369 2967.07 72530 2616.61 -134.99 TOTAL 1255.09 INDICES R2 R1 PIVOT S1 S2 NIFTY 7,792.18 7,765.87 7,730.78 7,704.47 7,669.38 BANK NIFTY 15,178.77 15,044.63 14,944.22 14,810.08 14,709.67 STOCKS IN NEWS Tata Power to double electricity generation capacity 18,000 MW by 2022. Tata Power Solar commisions plant in Andhra Pradesh. Hero Electric launches 'Photon' scooter priced at Rs 54,110. IFCI to raise Rs 2,000 crore through bonds this fiscal Tata Motors mulls exporting Zest to Asian and African markets NIFTY FUTURE Nifty Future closed flat in the last trading session. We advise selling around 7720 level with strict stop loss of 7770 for the targets of 7670-7620
  4. 4. DAILY REPORT 14th AUGUST 2014 YOUR MINTVISORY Call us at +91-731-6642300 COMMODITY MCX RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER SEP ABOVE 43450 TGTS 43650,43950 SL 43150 SELL SILVER SEP BELOW 43200 TGTS 43000,42700 SL 43500 GOLD TRADING STRATEGY: BUY GOLD OCT ABOVE 28750 TGTS 28830,28930 SL 28670 SELL GOLD OCT BELOW 28600 TGTS 28520,28420 SL 28680 COMMODITY ROUNDUP In commodity markets, worries about Chinese demand sent copper to a seven-week low below $6,874 per tonne. Spot gold, in contrast, found support from the outlook for loose monetary policy and edged up to $1,311.40 an ounce. Prices for Brent crude oil touched a 13-month trough at $102.37 a barrel before steadying at $103.99. U.S. crude was down 21 cents at $97.38. Gold held on to small overnight gains on Thursday, as slug- gish U.S. retail sales data boosted the metal's safe-haven appeal, although higher stock markets could keep any gains in check. Spot gold was steady at $1,311.16 an ounce by 0025GMT, after gaining 0.3 percent in the previous session. U.S. gold slipped about $2 to $1,312.70. Tracking a weak global trend, silver prices moved down by 0.38% to Rs 43,682 per kg in futures trade yesterday as speculators partially trimmed positions. At MCX, silver for delivery in September moved down by Rs 165, or 0.38%, to Rs 43,682 per kg in a business turnover of 434 lots. Simi- larly, the white metal for delivery in far-month December declined by Rs 141, or 0.32%, to Rs 44,500 per kg in three lots. Speculators trimmed positions in tandem with a weak global trend as ebbing tensions in the Middle East and Ukraine boosted global equities, damping demand for the metal as an alternative investment, weighed on silver fu- tures here. Meanwhile, silver traded lower at $19.99 an ounce from yesterday's $20.01 in Singapore yesterday. Nickel prices fell by 0.30% to Rs 1,149 per kg in futures trade yesterday as speculators indulged in booking profits even as the metal strengthened overseas. At the MCX, nickel for delivery in August declined by Rs 3.50, or 0.30%, to Rs 1,149 per kg in a business turnover of 859 lots. The metal for delivery in September shed Rs 2.40, or 0.21%, to Rs 1,156.60 per kg in 25 lots. The fall in nickel prices in fu- tures trade was largely due to profit-booking by speculators at current levels and subdued demand from alloy-makers but the metal's strength at the LME capped losses. Globally, nickel rose for the third day, advancing 0.40% to USD 18,817 per tonne at the LME after Indonesia said its ban on ore exports will remain in place under the next government
  5. 5. DAILY REPORT 14th AUGUST 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS DHANIYA BUY DHANIYA SEP ABOVE 11975 TGTS 12005,12055 SL 11925 SELL DHANIYA SEP BELOW 11780 TGTS 11750,11700 SL 11830 GUARGUM BUY GUARGUM OCT ABOVE 16110 TGTS 16160,16260 SL 16020 SELL GUARGUM OCT BELOW 15950 TGTS 15900,15800 SL 16040 NCDEX NCDEX INDICES Index Value % Change Castor Seed 4297 +0.68 Chana 2895 +1.19 Coriander 11358 -2.44 Cotton Seed Oilcake 1740 +1.40 Guarseed 5665 +3.98 Jeera 11170 +0.99 Mustard seed 3517 +0.43 Soy Bean 3648 +2.04 Sugar M Grade 3067 -0.52 Turmeric 6426 +0.85 NCDEX ROUNDUP The Union food ministry is expected to impress upon Uttar Pradesh sugar mill owners - who have threatened to shut down operation due to mounting cane arrears - that all ef- forts should be made to ensure swift payment of arrears to state's farmers. Jeera futures extended the gains on fresh buying amid weak stocks. Weakens in spot market amid technical resistance limited the gains in the futures. The NCDEX Jeera Septem- ber delivery settled the day at Rs 11,320, up Rs 35 or 0.31%. Selling extended in spot Jeera amid lack of demand at elevated levels following rising arrivals. The supplies in Unjha jumped to 7000 bags today- much higher than the 3000-4000 bangs seen over last few weeks. The arrivals are still low compared to their seasonal highs of around 10000-12000 bags few months back but are prompting a weak response from the buyers. The total stocks in local mandies were almost double of the previous year's level of 35 lakh bags due to record production in the current year. Jeera futures rebounded from more than a month low of Rs 11,205 on last day and ended today's ses- sion at Rs 11,320, up Rs 35 or 0.31%. The open interest added 78 tonnes to 7,962 tonnes, indicating fresh buying.
  6. 6. DAILY REPORT 14th AUGUST 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 13/08/14 MCX GOLD OCT. BUY 28760 28840-28940 28690 NOT EXECUTED 13/08/14 MCX GOLD OCT. SELL 28650 28570-28470 28720 SL TRIGGERED 13/08/14 MCX SILVER SEP. BUY 43780 43980-44280 43480 SL TRIGGERED 13/08/14 MCX SILVER SEP. SELL 43500 43300-43100 43800 SL TRIGGERED 13/08/14 NCDEX GUARGUM AUG. BUY 15520 15570-15670 15430 BOOKED FULL PROFIT 13/08/14 NCDEX GUARGUM AUG. SELL 15420 15370-15270 15510 NOT EXECUTED 13/08/14 NCDEX DHANIYA AUG. BUY 12225 12255-12295 12175 NOT EXECUTED 13/08/14 NCDEX DHANIYA AUG. SELL 12150 12120-12070 12200 BOOKED FULL PROFIT 13/08/14 EUR/INR JULY BUY 82.17 82.37-82.67 81.87 NOT EXECUTED 13/08/14 EUR/INR JULY SELL 81.62 81.42-81.12 81.92 NOT EXECUTED 13/08/14 GBP/INR JULY SELL 102.66 102.46-102.16 102.96 BOOKED PROFIT 13/08/14 GBP/INR JULY BUY 103.02 103.22-103.52 102.70 BOOKED PROFIT Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 13/08/14 NIFTY FUTURE BUY 7760 7810-7860 7610 SL TRIGGERED 13/08/14 APOLLOHOSP FUTURE BUY 1060-1080 1100-1120 1020 BOOKED FULL PROFIT 13/08/14 GLENMARK FUTURE BUY 685-690 710-730 660 BOOKED PROFIT 13/08/14 AMTEK AUTO CASH BUY 249 254-259 244 NOT EXECUTED 12/08/14 DISMAN PHARMA CASH BUY 148 151-154 145 SL TRIGGERED 05/08/14 CESC FUTURE SELL 680 700715 665 BOOKED PROFIT
  7. 7. DAILY REPORT 14th AUGUST 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, AUG. 11 NONE SCHEDULED TUESDAY, AUG. 12 7:30 am NFIB small business survey July 10 am Job openings June 4.6 mln 2 pm Federal budget July -$98 bln WEDNESDAY, AUG. 13 8:30 am Retail sales July 0.2% 8:30 am Retail sales ex-autos July 0.4% 10 am Business inventories June 0.5% THURSDAY, AUG. 14 8:30 am Weekly jobless claims Aug. 9 N/A 8:30 am Import price index July 0.1% FRIDAY, AUG. 15 8:30 am Producer price index July 0.4% 8:30 am Empire state index Aug. 25.6 9:15 am Industrial production July 0.2% 9:15 am Capacity utilization July 79.1% 9:55 am Consumer sentiment Aug. 81.8