Stock market special report by epic research 2 april 2014


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Stock market special report by epic research 2 april 2014

  1. 1. DAILY REPORT 02nd APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Asian share markets added to their recent rally on Wednesday as investors chose to accentuate the positive in a mixed bag of global economic data, pressuring the safe haven yen to a 10-week trough. MSCI's broadest in- dex of Asia-Pacific shares outside Japan .MIAPJ0000PUS crept up 0.3 percent to a fresh four-month high, while Aus- tralia's market .AXJO added 0.2% The Nikkei .N225 outper- formed thanks to the drop in the yen and climbed 1.3%. European stocks closed higher on Tuesday, starting the new quarter in positive territory, after a slew of economic data was released for the euro zone and U.S. The FTSEuro- first 300 Index provisionally closed higher by 0.5% at 1,399.74 points, with a broad-based rally after closing the previous quarter with slim gains of just 1.2%. Wall Street Update US stocks rose for a third straight session on Tuesday, with the S&P 500 ending at a record close, after positive data on factory activity indicated economic growth was gaining traction. The Dow Jones industrial average was up 74.95 points, or 0.46%, at 16,532.61. The Standard & Poor's 500 Index was up 13.18 points, or 0.70%, at 1,885.52. The Nasdaq Composite Index was up 69.05 points, or 1.64%, at 4,268.04. The S&P 500 has gained for three straight ses- sions, up about 2 percent over that period. Among other groups, the PHLX housing sector index .HGX rose 1.6 percent and the Nasdaq biotechnology index .NBI added 2.1 percent. The Dow Jones Transportation in- dex .DJT rose 0.9 percent to a record. Previous day Roundup The market ended on a high note after a voltile session. However, the Nifty did not lose grip on 6700 and ended at 6721, up 17 points. The Sensex closed up 60.17 points at 22446.44 points. Index stats The Market was very volatile in yesterday’s session. The sartorial indices performed as follow Consumer Durables [up 86.49pts], Capital Goods [down 38.38pts], PSU [up 6.33pts], FMCG [up 6979.78pts], Realty [down 12.48pts], Power [up 3.97pts], Auto [up 24.74pts], Healthcare [up 54.56pts], IT [up 145.07pts], Metals [up 41.21pts], TECK [up 62.10pts], Oil& Gas [up 103.54pts]. World Indices Index Value % Change D J l 16,532.61 +0.46 S&P 500 1,885.52 +0.70 NASDAQ 4,268.04 +1.64 EURO STO 3,186.34 +0.78 FTSE 100 6,652.61 +0.82 Nikkei 225 15,008.35 +1.46 Hong Kong 22,496.66 +0.21 Top Gainers Company CMP Change % Chg WIPRO 562.00 18.80 +3.46 CAIRN 344.15 11.15 +3.35 POWERGRID 107.95 2.95 +2.81 BANKBARODA 736.05 15.30 +2.12 HCLTECH 1,418.30 27.60 +1.98 Top Losers Company CMP Change % Chg BPCL 445.85 14.20 -3.09 HINDALCO 137.90 3.85 -2.72 KOTAKBANK 763.00 18.05 -2.31 MARUTI 1927.00 44.75 -2.27 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg ABB 847.00 6.90 -0.81 CAIRN 344.15 11.15 +3.35 DABUR 188.05 8.40 +4.68 MARUTI 1927.00 44.75 -2.27 Indian Indices Company CMP Change % Chg NIFTY 6,721.05 +16.85 +0.25 SENSEX 22,446.44 +60.17 +0.27 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg - -
  2. 2. DAILY REPORT 02nd APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. SSLT SSLT 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 190-192 levels with strict stop loss 187 for the targets of 195-198 levels. 2. TATA MOTOR DVR TATA MOTOR DVR FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sus- tains above 210 levels. We advise buying around 212-214 levels with strict stop loss 208 for the targets of 218-220. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. GATI LTD. GATI LTD is looking strong on charts. We advise buying above 92 levels with strict stop loss of 88 for the targets of 96-100 levels. MACRO NEWS Mutual funds will have to disclose details with respect to Asset Under Management from different categories of schemes, AUM from places beyond top-15 cities, contri- bution of sponsor and its associates in AUM, contribution from different types of investors (retail, corporate etc), state-wise contribution and AUM from sponsor/non- sponsor group distributors. as part of stronger Sebi norms effective from yesterday, 01 April 2014. The RBI left its policy interest rate unchanged on Tuesday, as expected, and said it does not expect further near-term policy tightening if headline inflation continues to ease towards the bank's targeted level. The RBI kept its key repo rate at 8.00%, in line with the forecast. Retail inflation for industrial workers eased to a two year low of 6.73% in February verses 7.24% in the previous month due to softening of prices of food items. BSE: Top 100 listed Indian companies' employee benefit liabilities rise to Rs 4.22 trillion The Election Commission on Tuesday allowed the RBI to announce new bank licences even ahead of general elec- tions set to conclude next month. JSW, Essar cut steel prices on strong rupee.
  3. 3. DAILY REPORT 02nd 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 6,600 40.55 2,83,963 44,48,750 NIFTY PE 6,700 69.5 2,59,569 34,68,350 NIFTY PE 6,500 23.15 1,72,858 39,52,950 BANKNIFTY PE 12,000 111.85 35,789 3,69,250 SBIN PE 1,800 24 4,991 1,91,875 RELIANCE PE 900 11.5 1,760 2,33,500 TCS PE 1,400 28.15 1,326 1,50,250 ICICIBANK PE 1,200 26.3 1,244 1,49,750 MOST ACTIVE CALL OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 6,800 74.8 2,96,975 31,44,850 NIFTY CE 6,900 37.8 1,79,610 25,98,250 NIFTY CE 6,700 128.95 1,55,915 32,60,350 BANKNIFTY CE 13,000 203.15 33,373 3,30,650 SBIN CE 2,000 31.8 6,817 5,56,250 RELIANCE CE 960 22.5 4,177 3,05,250 TCS CE 2,200 59 2,876 1,77,000 TATA STEEL CE 400 17.15 2,824 9,17,000 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 64667 2159.68 63650 2100.61 379306 12718.82 59.06 INDEX OPTIONS 359063 11839.60 358437 11746.73 1266042 42437.51 92.86 STOCK FUTURES 100203 3611.07 97678 3521.52 1059927 36295.59 89.54 STOCK OPTIONS 46515 1537.68 46400 1531.30 34378 1191.73 6.38 TOTAL +247.85 INDICES R2 R1 PIVOT S1 S2 NIFTY 6652.78 6686.91 6709.58 6743.71 6766.38 NIFTYJUNIOR 13225.86 13324.53 13426.91 13525.58 13627.96 BANK NIFTY 12338.66 12463.58 12634.86 12759.78 12931.06 STOCKS IN NEWS Country's largest carmaker Maruti Suzuki India yester- day reported a 5.5 percent decline in total sales in March at 1,13,350 units as against 1,19,937 units in the same month last year. Tata Motors, Sesa Sterlite, HCLTECH and TECHM are among the companies in the BSE 200 index whose net profits during the first nine months of FY14 have ex- ceeded their FY13 full year profits. Honda Motorcycle & Scooter India reported a 55% growth in sales at 3,92,148 units for March, 2014. NIFTY FUTURE Nifty Future closed in the red in the last trading session. We advise selling around 6780-6800 levels with strict stop loss of 6825 for the targets of 6750-6710.
  4. 4. DAILY REPORT 02nd APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER(MAY) ABOVE 43020 TGTS 43270/43620 SL BE- LOW 42600 SELL SILVER(MAY) BELOW 42500 TGTS 42300/42000 SL 42850 GOLD TRADING STRATEGY: BUY GOLD(JUN) ABOVE 28020 TGTS 28100/28200 SL 27920 SELL GOLD(JUN) BELOW 27820 TGTS 27740/27640 SL 27920 COMMODITY ROUNDUP The govt. has reduced the import tariff value on gold to USD 421 per 10 grams from USD 445 per 10 gram earlier. Also, the import tariff value -- the base price at which customs duty is determined to prevent under-invoicing --in case of silver has been reduced to USD 644 per kg from USD 694 per kg earlier. Copper swung between profits and losses on the evening trades. The prices moves have been skewed even as open interest has shown appreciation on Tuesday. Copper prices swung between small gains and losses on Tuesday, after data on China's manufacturing sector painted a mixed pic- ture of the world's second largest economy. MCX Copper was trading at Rs 402.8 per kg, down 0.33%. The prices have tested a high of Rs 404.5 per kg, and a low of Rs 402.3 per kg. COMEX Copper was trading at $ 3.022 per pound, down 0.03 cents. US Gold futures managed to continue the recovery on short covering triggered by weak dollar amid Yellen comments on continuation of stimulus program. The Comex gold for June delivery trades at $1,284.20 a troy ounce, up $0.40and Sil- ver May contract quotes at $19.737 a troy ounce, down 0.015 over Monday's close. Local Gold plummeted further on weak international mar- ket amid stronger local currency against the greenback. The Indian rupee strengthened further with the currency quotes at Rs 59.915, down 0.07% from last day close. The RBI main- tained its status quo on the interest rates and India cutsgold import tariff value by 5% to $ 445 per 10 grams. MCX Gold June delivery quotes at Rs 28037, down Rs 109 per 10 grams and the Silver May contract quotes at Rs 42,779, down Rs 34 per 1 kg. Aluminium prices fell 0.56% to Rs 105.65 per kg in futures trading yesterday as speculators reduced their positions amid weak global cues. Besides, subdued demand in the domestic spot markets also weighed on the metal prices. At the MCX, aluminium for delivery in April eased by 60 paise, or 0.56%, to Rs 105.65 per kg in business turnover of 250 lots. Similarly, the metal for delivery in May traded lower by 45 paise, or 0.42%, to Rs 107.25 per kg in 3 lots. The weak- ness in aluminium at futures trade was mostly in tune with a downtrend in base metals at the LME after Chinese eco- nomic data showed weak recovery, lowering prospects for demand from the world's biggest consumer. COMMODITY MCX
  5. 5. DAILY REPORT 02nd APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS DHANIYA BUY DHANIYA APR ABOVE 9630 TGTS 9660,9710 SL 9580 SELL DHANIYA APR BELOW 9490 TGTS 9460,9410 SL 9540 GUARSEED BUY GUARSEED APR ABOVE 4840 TGTS 4870,4920 SL 4790 SELL GUARSEED APR BELOW 4750 TGTS 4720,4670 SL 4800 NCDEX NCDEX INDICES Index Value % Change Castor Seed 4201 +1.52 Chana 3285 +0.40 Coriander 9590 +0.63 Cotton Seed Oilcake 1471 +0.41 Jeera 4770 +0.85 Maize– Feed/Industrial Grade 9910 -1.15 Mustard seed 3461 +0.06 Soy Bean 4366 +1.26 Turmeric 6116 -2.95 NCDEX ROUNDUP National Commodities and Derivaitves Exchange has an- nounced the launch of futures contracts in Bajra expiring in the months of May 2014, June 2014 and July 2014 would be available for trading from April 01, 2014. Contracts for fur- ther expiries will be launched as per the contract launch calendar. India’s coffee exports are likely to witness a moderate de- cline in 2014-15 because of owing to lower crop harvested for 2013-14. Although the country’s exports registered a marginal growth of 2.8 per cent in 2013-14 to 313,035 ton- nes, exports in 2014-15 are likely to drop below the 300,000 -tonne mark in the current financial year. India has extended a ban on export of pulses until further orders’ to support supplies at home and keep a lid on local prices, a government statement said. The world’s biggest producer and consumer of pulses initially banned exports of the commodity in June 2006. It has been extending the ban since then. But the ban is not applicable on export of kabuli chana, a premium grade of chickpea, and 10,000 tonnes of organic pulses and lentils a year, said the statement posted on a government website. The country annually consumes 21 million tonnes (mt) of pulses but produces only 17-18 mt. The gap is met through imports from Australia, Canada and Myanmar.
  6. 6. DAILY REPORT 02nd APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 USD/INR SELL USD-INR BELOW 60.00 TGTS 59.87, 59.62 SL 60.28. BUY USD-INR ABOVE 60.98 TGTS 61.11, 61.26 SL 60.70. EUR/INR SELL EUR-INR BELOW 82.55 TGTS 82.42, 82.27 SL 82.83. BUY EUR-INR ABOVE 83.01 TGTS 83.14, 83.29 SL 82.73. CURRENCY ROUNDUP The Indian currency markets was closed for last two days for local holidays. The currency market got stronger on Friday with the rupee gaining past the 60 level against US dollar for the first time since July 30, 2013. The Indian currency has seen a good run. The rupee broke past the psychological 60-per-dollar mark earlier in the day to hit an 8-month high of 59.99-per dollar and despite profit-booking making it simmer down a little since then, the rupee's resilience is far from over. The rupee has bro- ken the shackles and is no longer part of the "fragile five". That's the group of currencies like the Indonesian Rupiah, the South African Rand, the Turkish Lira and the Brazilian Real. But there's more driving the rupee. The dollar traded mixed to lower against most major cur- rencies on Tuesday, trimming losses as markets digested a softer-than-expected factory report and determined the data depicted a U.S. economy that remains on the road to recovery. In U.S. trading on Tuesday, EUR/USD was up 0.17% at 1.3795. The pound took a hit against the dollar earlier after data showed that the pace of the recovery in the U.K. manufac- turing sector slowed unexpectedly in March. The US dollar index, which tracks the performance of the greenback ver- sus a basket of six other major currencies, was down 0.01% at 80.25. On Wednesday, the U.S. is to release the ADP re- port on private-sector job creation, which leads the govern- ment's nonfarm payrolls report by two days. The U.S. is also to release data on factory orders. Sterling slid after Markit said that its U.K. manufacturing purchasing managers' index fell to an eight-month low of 55.3 last month from a downwardly revised 56.2 in Febru- ary. Analysts had expected the manufacturing index to tick up to 56.7. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 60.0998 Yen-100 58.8300 Euro 82.5765 GBP 99.8498
  7. 7. DAILY REPORT 02nd 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 01/04/14 MCX GOLD APR. BUY 28230 28310-28410 28330 NOT EXECUTED 01/04/14 MCX GOLD APR. SELL 28220 28140-28040 28220 NOT EXECUTED 01/04/14 MCX SILVER MAY BUY 43200 43450-43850 42800 NOT EXECUTED 01/04/14 MCX SILVER MAY SELL 42790 42540-42140 43200 BOOKED PROFIT 01/04/14 NCDEX GUARSEED APR.. BUY 4750 4780-4830 4710 BOOKED FULL PROFIT 01/04/14 NCDEX GUARSEED APR. SELL 4710 4680-4630 4760 SL TRIGGERED 01/04/14 NCDEX DHANIYA APR. BUY 9555 9585-9635 9505 BOOKED FULL PROFIT 01/04/14 NCDEX DHANIYA APR. SELL 9455 9425-9375 9495 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 01/04/14 NIFTY FUTURE SELL 6780- 6800 6750-6710 6825 BOOKED PROFIT 01/04/14 JINDAL STEEL FUTURE BUY 300 310-320 290 CALL OPEN 01/04/14 ICICI BANK FUTURE BUY 1260- 1250 1225-1200 1280 SL TRIGGERED 01/04/14 BGR ENERGY CASH BUY 130-135 142-148 122 CALL OPEN
  8. 8. DAILY REPORT 02nd 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, MARCH 31 9:45 am Chicago PMI March 59.2 59.8 TUESDAY, APRIL 01 9:45 am Markit PMI March -- 55.5 10 am ISM March 54.0% 53.2% 10 am Construction spending Feb. 0.0% 0.1% TBA Motor vehicle sales March 15.8 mln 15.3 mln WEDNESDAY, APRIL 02 8:15 am ADP employment March -- 139,000 10 am Factory orders Feb. 0.5% -0.7% THURSDAY, APRIL 03 8:30 am Weekly jobless claims 3-22 N/A N/A 8:30 am Trade deficit Feb. -39.4 bln -$39.1 bln 10 am ISM nonmanufacturing March 53.2% 51.6% FRIDAY ,APRIL 04 8:30 am Nonfarm payrolls March 192,000 175,000