Stock market special report by epic research 1st august 2014


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Epic Research provide specialized nifty future tips to nifty futures intraday traders in which we give nifty levels, nifty calls along with bank nifty tips. Call 07316642300

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Stock market special report by epic research 1st august 2014

  1. 1. DAILY REPORT 01st AUGUST 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Major Asian indices ended higher with the exception of Japan. Japanese shares ended marginally lower amid profit taking after recent gains. The benchmark Nikkei ended down 0.2% at 15,620.77. Shanghai Composite gained 0.9% and Hang Seng ended up 0.1% while Straits Times ended 0.6% higher. Europe's FTSEurofirst 300 share index hit a three-week low on Thursday, led lower by Adidas after the group warned about business in Russia. the FTSEurofirst 300 was down 1.4 percent at 1,346.84 points after falling up to 1,346.78, the lowest since early July, with analysts saying the sell-off might continue in the near-term on worries about further monetary tightening in the United States. Wall Street Update The U.S. S&P500 stock index posted its worst daily fall since April and its first monthly drop since January on Thursday, as economic data sparked concern the Federal Reserve could raise interest rates sooner than some have expected. The Dow Jones industrial average .DJI fell 317.06 points or 1.88 percent, to 16,563.3, while the S&P 500 .SPX lost 39.4 points or 2.0 percent, to 1,930.67 and the Nasdaq Composite .IXIC dropped 93.13 points or 2.09 percent, to 4,369.77. Previous day Roundup Markets succumbed to selling pressure in late trades, amid huge volumes, with financial shares leading the de- cline following the expiry of July derivative contracts. Fur- ther, sales by foreign funds also weighed on sentiment. The 30-share Sensex ended 192pts down at 25,895 and the 50-share Nifty closed 70 points lower at 7,721. Vol- umes were large because of the expiry of July derivative contracts. Total market turnover stood at Rs 6.79 lakh cr, third highest so far. FII sold $63.4mn worth of equities for first time in the last ten sessions. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 84.71pts], Capital Goods [down 123.94pts], PSU [down 48.58pts], FMCG [down 39.32pts], Auto [down 97.03pts], Healthcare [up 20.98pts], IT [down 59..19Pts], Metals [up 6.10pts], TECK [down 24.25pts], Oil& Gas [up 0.25pts], Power [down 29.19pts], Realty [up 4.57 pts]. World Indices Index Value % Change D J l 16563.30 -1.88 S&P 500 1930.67 -2.00 NASDAQ 4369.77 -2.09 EURO STO 3115.51 -1.70 FTSE 100 6730.11 -0.64 Nikkei 225 15572.85 -0.31 Hong Kong 24611.11 -0.59 Top Gainers Company CMP Change % Chg CIPLA 457.70 9.50 2.12 TATASTEEL 554.65 8.55 1.57 BPCL 580.55 7.15 1.25 LUPIN 1,180.00 6.50 0.55 BAJAJ-AUTO 2,083.00 3.60 0.17 Top Losers Company CMP Change % Chg NTPC 144.95 4.85 -3.24 IDFC 152.30 4.00 -2.56 ASIANPAINT 628.00 15.90 -2.47 AXISBANK 391.90 9.80 -2.44 HCLTECH 1,559.00 38.55 -2.41 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg BHARATFORG 722.25 1.60 +0.22 CIPLA 457.70 9.50 +2.12 DABUR 206.2 6.05 +3.02 GLENMARK 656.8 2.90 -0.44 KOTAK BANK 953.95 20.30 -2.08 Indian Indices Company CMP Change % Chg NIFTY 7721.30 -70.10 -0.90 SENSEX 25895.97 -192.45 -0.74 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg
  2. 2. DAILY REPORT 01st AUGUST 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1.HIND PETRO FUTURE HIND PETRO FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sus- tains above 400 levels. We advise buying around 400 lev- els with strict stop loss of 390 for the targets of 410-420 levels. 2. ADANI ENTERPRIZES FUTURE ADANI ENTERPRISES FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it sustains below 440 levels. We advise selling around 440-445 levels with strict stop loss of 450 for the targets of 435-425 levels. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. IFB INDUSTRIES IFB INDUSTRIES is looking strong on charts. We advise buy- ing around 188-192 level with strict stop loss 182 for the targets of 198-204 MACRO NEWS Results Today: Titan Company , JSW Steel , Cummins India , Union Bank of India , TVToday, TTKHealth, PTC India Finan- cial, Firstsource Solutions, NRB Bearing, Karur Vysya Bank, Kajaria Ceramic, Berger Paints, Bajaj Corp, 3M India. Maruti Suzuki reported a 20.6% yoy growth (higher than forecast) in net profit at Rs 762 cr in Apr-June quarter of current finacial year led by volume growth and higher other income. Revenue grew by 11% to Rs 11,369cr in quarter ended June 2014. ICICBANK beats estimates with a 17% rise in quarterly net profit, helped by growth in credit demand and higher fee income. HCL Tech’s Q4 net profit rose 13% QoQ to Rs 1834cr, ahead of estimate of Rs 1611cr. Quarterly revenues were up 1 percent sequentially to Rs 8424cr, compared to esti- mate of Rs 84448.2cr. The company’s quarterly dollar reve- nues stood at USD 1.407 bn, up 3.4% Q-o-Q and slightly below the polls estimate of USD 1.412 bn. Railways need Rs 5 lakh crore to complete sanctioned pro- jects. Govt allocates Rs 11,952 crore for powerloom sector. IRBInfra reported 12% yoy growth in conso net profit at Rs 150cr for Q4, driven by strong operational performance.
  3. 3. DAILY REPORT 01st 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 0.05 9,92,231 88,81,750 NIFTY PE 7,750 23.6 7,07,978 5,95,800 NIFTY PE 7,800 78.5 6,78,520 8,47,950 BANKNIFTY PE 15,300 33 1,18,676 1,52,125 ICICIBANK PE 1,480 7 4,775 1,05,000 SBIN PE 2,450 8.1 4,461 44,500 RELIANCE PE 1,000 0.05 4,385 6,62,500 TATASTEEL PE 550 0.05 3,678 6,40,000 MOST ACTIVE CALL OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 7,800 0.05 13,58,526 86,16,650 NIFTY CE 7,750 0.05 5,50,328 50,21,300 NIFTY CE 7,700 17.85 4,28,188 12,05,050 BANKNIFTY CE 15,500 0.1 1,45,218 7,41,750 ICICIBANK CE 1,500 0.15 10,427 8,34,250 SBIN CE 2,500 0.05 10,295 3,86,250 RELIANCE CE 1,020 0.05 7,346 11,56,250 TATASTEEL CE 560 0.05 5,572 7,87,000 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 157609 6119.55 155604 6039.59 265959 10293.90 79.97 INDEX OPTIONS 494884 19040.38 464698 17946.58 1088341 42012.00 1093.80 STOCK FUTURES 377239 13625.69 377967 13747.71 1372615 49491.99 -122.02 STOCK OPTIONS 41515 1558.57 35627 1326.50 1890 72.83 232.07 TOTAL 1283.81 INDICES R2 R1 PIVOT S1 S2 NIFTY 7,691.02 7,771.72 7,771.72 7,741.43 7,691.02 BANK NIFTY 15,599.87 15,433.73 15,333.37 15,167.23 15,066.87 STOCKS IN NEWS Honda plans to export Mobilio to South African market Cipla, BioQuiddity ink pact to sell pain management product. JSWSteel to increase steel capacity to 40 million tonnes by 2025 USFDA raises concern over drug production process at Cadila. Petrol gets cheaper by Rs 1.09/litre, diesel dearer by 50p NIFTY FUTURE Nifty Future closed in the red in the last trading session. We advise selling around 7740 - 7760 level with strict stop loss of 7800 for the targets of 7700-7660
  4. 4. DAILY REPORT 01st AUGUST 2014 YOUR MINTVISORY Call us at +91-731-6642300 COMMODITY MCX RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER SEP ABOVE 44630 TGTS 44830,45130 SL 44350 SELL SILVER SEP BELOW 44200 TGTS 44000,43700 SL 44500 GOLD TRADING STRATEGY: BUY GOLD AUG ABOVE 27910 TGTS 27980,28080 SL 27820 SELL GOLD AUG BELOW 27740 TGTS 27660,27560 SL 27840 COMMODITY ROUNDUP Spot gold was little changed at $1,282.79 an ounce by 0017 GMT, after falling 1% in the previous session. It hit $1,280.76 on Thursday - its lowest since June 19. Gold was on track for a 2% fall for the week, after posting its sharpest monthly drop of the year in July. The metal was hurt by data on Thursday that showed that U.S. labour costs re- corded their biggest gain in more than 5-1/2 years in the second quarter, bolstering the economy's outlook. A strong economy blunts gold's appeal as an alternative to riskier assets such as equities. Lead weakened by 1.06 per cent to Rs 135.20 per kg in fu- tures trade yesterday largely in tandem with a weak trend overseas and subdued demand from battery-makers in the domestic spot market. At MCX lead for delivery in July fell by Rs 1.45, or 1.06 per cent, to Rs 135.20 per kg in business turnover of 264 lots. The August contract traded lower by Rs 1.40, or 1.02 per cent, to Rs 135.55 per kg in 181 lots. Besides subdued demand from battery-makers in the do- mestic spot market, a weak trend in copper and other base metals at LME, put pressure on lead prices at futures trade. Nickel futures yesterday traded lower by 0.38 per cent to Rs 1,141.80 per kg largely in tune with a weakening trend overseas amid subdued spot demand. At MCX nickel for delivery in July weakened by Rs 3.30, or 0.38 per cent, to Rs 1,141.80 per kg in business turnover of 367 lots. August nickel traded lower by Rs 3.60, or 0.31 per cent, to Rs 1,145.90 per kg in 220 lots. Apart from weak demand from alloy-makers at domestic spot markets, a weak trend in the base metals pack at the London Metal Exchange mainly weighed on nickel prices at futures trade here. Brent crude oil slipped to around $106 a barrel on Thursday as higher Organization of the Petroleum Exporting Coun- tries output and disappointing demand in the United States outweighed tensions in the Middle East, Africa and Ukraine. Opec pumped more oil in July than in June despite concerns that unrest in Africa and the Middle East could hurt produc- tion, a Reuters survey showed. Gasoline stockpiles rose in the United States even though it is the peak driving season, raising concern over the outlook for demand in the world's largest oil consumer.
  5. 5. DAILY REPORT 01st AUGUST 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS DHANIYA BUY DHANIYA AUG ABOVE 11840 TGTS 11870,11920 SL 11790 SELL DHANIYA AUG BELOW11800 TGTS 11770,11720 SL 11850 GUARSEED BUY GUARSEED AUG ABOVE 5075 TGTS 5105,5155 SL 5025 SELL GUARSEED AUG BELOW 5000 TGTS 4970,4920 SL 5050 NCDEX NCDEX INDICES Index Value % Change Castor Seed 4278 +0.64 Chana 2802 -2.51 Coriander 11810 -1.18 Cotton Seed Oilcake 1665 +0.48 Guarseed 5030 -3.36 Jeera 11185 -0.80 Mustard seed 3596 +0.11 Soy Bean 3640 +0.17 Sugar M Grade 2997 -0.20 Turmeric 6402 -1.05 NCDEX ROUNDUP Refined soya oil prices moved up by 0.30% to Rs 677.20 per 10 kg in futures trading yesterday as speculators created fresh positions amid rising demand in spot markets. At NCDEX, refined soya oil for delivery in August moved up by Rs 2, or 0.30%, to Rs 677.20 per 10 kg with an open interest of 55,540 lots. Similarly, the oil for delivery in September traded higher by Rs 1.60, or 0.24%, to Rs 670.60 per 10 kg in 1,04,850 lots. Fresh positions built-up by speculators as de- mand picked up in the spot markets, mainly led to the rise in refined soya oil prices at futures trade. The CACP may recommend further rationalization of import duty on oilseeds, with the aim of easing domestic prices and containing inflationary pressure emanating from food arti- cles that are import sensitive. The ministry of agriculture has advised all its divisions to prepare on priority all meas- ures to combat food inflation. Therefore, a hike in import duty of agricultural commodities is not a preferred option at this point of time. Inflationary pressure may see a marginal increase in the minimum support price of wheat in the rabi season. The CACP is expected to announce the MSP for rabi crops shortly. The wheat prices are higher in India than in global markets. In India the prices range between Rs 1,600-1,700 per quintal, compared with the MSP of Rs 1,400 per quintal. In the international markets, the prices have fallen over the past one year from Rs 1800 per quintal to around RS 1,500 per quintal
  6. 6. DAILY REPORT 01st AUGUST 2014 YOUR MINTVISORY Call us at +91-731-6642300 JPY/INR BUY JPY-INR ABOVE 59.28 TG 59.58,59.88 SL 58.98 SELL JPY-INR BELOW 58.94 TG 58.74,58.44 SL 59.24 USD/INR BUY USD-INR ABOVE 60.95 TG 61.15,61.45 SL 60.65 SELL USD-INR BELOW 60.60 TG 60.40,60.10 SL 60.90 CURRENCY ROUNDUP The Indian rupee extended losses and was trading lower at Rs 60.46 compared to the previous close of Rs 60.09 as the dollar strengthened following encouraging GDP data from the US. Further, weakness in the domestic stock markets also weighed on sentiment. The Indian rupee slumped to a three-month low on Thurs- day, hurt by a rally in the dollar in global markets that helped spur state-run banks into buying greenbacks for cor- porate- and defence-related payments. The partially con- vertible rupee fell to as low as 60.57 per dollar at one point, its lowest since April 29, when the currency was in the midst of a rally in the lead-up to the general elections. The rupee declined 0.63 percent in July, marking its second consecutive monthly fall, despite foreign investor buying shares and debt worth just over $6 billion, as per official data. The rupee had been hit by sustained gains in the dol- lar, which was trading at just below a 10-month high against a basket of major currencies. The rupee ended at 60.55/56 per dollar, down about 0.83 percent for the day, its biggest single-day fall since June 13. In the offshore non-deliverable forwards, the one-month was at 60.87/97, while the three-month was at 61.41/51. Earlier Thursday, the Labor Department reported that the number of individuals filing for unemployment assistance in the U.S. last week rose by 23,000 to 302,000 from the previ- ous week's total of 279,000. Analysts had expected jobless claims to rise by 22,000 to 301,000. The Labor Department added that the employment cost index rose by 0.7% in the three months to June after a 0.3% increase in the first quar- ter. Economists had expected a 0.5% gain. The dollar continued to see support from Wednesday's U.S. gross domestic product report. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 60.2460 Yen-100 58.6100 Euro 80.6985 GBP 101.9242
  7. 7. DAILY REPORT 01st 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 31/07/14 MCX GOLD AUG. BUY 27980 28060-28180 27880 NOT EXECUTED 31/07/14 MCX GOLD AUG. SELL 27720 27640-27540 27820 NOT EXECUTED 31/07/14 MCX SILVER SEP. BUY 44550 44750-45050 44250 BOOKED PROFIT 31/07/14 MCX SILVER SEP. SELL 44200 44000-43700 44500 NOT EXECUTED 31/07/14 NCDEX GUARSEED AUG. BUY 5250 5280-5330 5200 NOT EXECUTED 31/07/14 NCDEX GUARSEED AUG. SELL 5190 5160-5110 5240 BOOKED FULL PROFIT 31/07/14 NCDEX DHANIYA AUG. BUY 11985 12015-12065 11935 NOT EXECUTED 31/07/14 NCDEX DHANIYA AUG. SELL 11930 11900-11850 11980 BOOKED FULL PROFIT 31/07/14 GBP/INR JULY BUY 102.36 102.56-102.96 102.16 NOT EXECUTED 31/07/14 GBP/INR JULY SELL 102.15 101.95-101.65 102.45 NOT EXECUTED 31/07/14 EUR/INR JULY SELL 81.17 81.37-81.67 80.97 BOOKED PROFIT 31/07/14 EUR/INR JULY BUY 80.77 80.57-80.27 80.97 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 31/07/14 NIFTY FUTURE BUY 7700-7720 7750-7790 7670 CALL OPEN 31/07/14 TATAMOTOR DVR FUTURE BUY 296-300 305-310 290 CALL OPEN 31/07/14 HAVELLS FUTURE SELL 1180-1190 1150-1120 1220 CALL OPEN 31/07/14 INDOCO CASH BUY 210-215 225-245 200 BOOKED FULL PROFIT 30/07/14 DLF FUTURE SELL 196-198 192-185 202 SL TRIGGERED
  8. 8. DAILY REPORT 01st 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, JULY 28 10 AM PENDING HOME SALES JUNE -- 6.1% TUESDAY, JULY 29 9 AM CASE-SHILLER HOME PRICE INDEX MAY -- 10.8% YOY 10 AM CONSUMER CONFIDENCE INDEX JULY 85.0 85.2 10 AM VACANCY RATE 2Q -- 8.3% WEDNESDAY, JULY 30 8:15 AM ADP EMPLOYMENT JULY -- 281,000 8:30 AM GDP 2Q 3.2% -2.9% 2 PM FOMC STATEMENT THURSDAY, JULY 31 8:30 AM WEEKLY JOBLESS CLAIMS JULY 26 296,000 284,000 8:30 AM EMPLOYMENT COST INDEX 2Q 0.5% 0.3% 9:45 AM CHICAGO PMI JULY 64.0 62.6 FRIDAY, AUG. 1 8:30 AM NONFARM PAYROLLS JULY 228,000 288,000 8:30 AM UNEMPLOYMENT RATE JULY 6.0% 6.1% 8;30 AM PERSONAL INCOME JUNE 0.4% 0.4% 8:30 AM CONSUMER SPENDING JUNE 0.4% 0.2% 9:45 AM MARKIT PMI JULY -- 56.3 9:55 AM CONSUMER SENTIMENT JULY 81.9 81.3 10 AM ISM JULY 56.0% 55.3% 10 AM CONSTRUCTION SPENDING JUNE 0.4% 0.1% TBA MOTOR VEHICLE SALES JULY 16.7 MLN 16.9 MLN