Stock market special report by epic research 21st july 2014


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Stock market special report by epic research 21st july 2014

  1. 1. DAILY REPORT 21st JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Asian stock markets inched higher on Monday as inves- tors set aside geopolitical concerns to focus on the gener- ally upbeat flow of U.S. corporate earnings ahead of a host of results due this week. Volumes were light, how- ever, with Japanese markets on holiday. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS added 0.13 percent, while South Korea put on 0.4 per- cent. European shares ended flat on Friday as the prospect of heightened tensions between Russia and the West capped appetite for risk assets and offset strong earnings reports from Sweden. Investors were reluctant to open new long positions after a passenger plane was shot down over Ukraine on Thursday, and fears were that the situation would deteriorate at the weekend. But selling pressure eased and volatility fell during the day Wall Street Update US stocks rose on Friday, rebounding a day after the S&P 500 suffered its worst slide since April 10, with the three major indexes closing higher for the week. Technology stocks ranked among the day's biggest gainers. Google led the rally. The Dow Jones industrial average rose 123.37 points or 0.73 percent, to end at 17,100.18. The S&P 500 gained 20.10 points or 1.03 percent, to 1,978.22. The Nasdaq Composite added 68.70 points or 1.57 percent, to 4,432.15. Previous day Roundup Indian shares edged higher on Friday, gaining for a fourth consecutive session, after Tata Consultancy Services' bet- ter-than-expected earnings sparked a rally in IT stocks and offset global concerns about the downing of a Malay- sian airliner in Ukraine. The benchmark BSE index ended 0.31 percent higher at 25,641.56. The index gained 2.5 percent this week. The broader NSE index also gained 0.31 percent to 7,663.90. Technology shares were lead- ing the gains. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 75.46pts], Capital Goods [up 67.22pts], PSU [down 76.06pts], FMCG [down 11.99pts], Realty [down 17.55pts], Power [down 30.20pts], Auto [down 3.08pts], Healthcare [down 16.78pts], IT [up 132.47Pts], Metals [down 70.62pts], TECK [up 47.45pts], Oil& Gas [down 83.63pts]. World Indices Index Value % Change D J l 17100.18 +0.73 S&P 500 1978.22 +1.03 NASDAQ 4432.15 +1.57 EURO STO 3164.21 +0.20 FTSE 100 6749.45 +0.17 Nikkei 225 15215.71 -1.01 Hong Kong 23454.79 -0.28 Top Gainers Company CMP Change % Chg TCS 2,445.00 63.05 2.65 IDFC 163.50 4.10 2.57 HCLTECH 1,501.90 35.10 2.39 HEROMOTOCO 2,504.00 58.45 2.39 KOTAKBANK 936.35 21.45 2.34 Top Losers Company CMP Change % Chg TATAPOWER 105.60 2.95 -2.72 AMBUJACEM 219.50 5.30 -2.36 GAIL 443.40 9.90 -2.18 HINDALCO 184.65 4.00 -2.12 BHEL 238.40 4.75 -1.95 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg ADANIORT 289.00 3.35 +1.17 AXISBANK 1998.95 44.75 +2.29 BHARATFORG 706.70 11.25 -1.57 HAVELLS 1273.25 7.45 -0.58 IDFC 163.5 4.10 +2.57 Indian Indices Company CMP Change % Chg NIFTY 7663.90 +23.45 +0.31 SENSEX 25641.55 +80.40 +0.31 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg
  2. 2. DAILY REPORT 21st JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. KTK BANK FUTURE KTK BANK FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 135 levels. We advise buying around 135-137 levels with strict stop loss of 130 for the targets of 140-145 levels. 2. PETRONET FUTURE PETRONET FUTURE looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 185 levels. We advise buying around 185-186 levels with strict stop loss of 180 for the targets of 190-195 levels. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. RAYMOND RAYMOND strong on on daily chart. We advise buying around 468 level with strict stop loss 460 for the targets of 476-484 MACRO NEWS Eleventh hour negotiations to win Indian approval for a breakthrough global trade pact may not have succeeded in the end despite initial signs of progress. Bank of India has mandated four banks to arrange its up to 15 bn rupees issue of Basel III-compliant Additional Tier 1 securities. The rupee placement will be BoI's first AT1 offering under the Basel III rules, and the first in the local market from any state-owned Indian bank. Rolta India made an impressive comeback with a US$300 million 144A/Reg S five-year non-call three offering, a year after its US$200m debut high-yield bond. The deal printed at a reoffer yield of 9 percent, much lower than 10.875 percent on the previous bond. Market valuation of top-8 Sensex cos surge Rs72,259 cr. Sun Pharma - Ranbaxy Labs deal gets BSE, NSE approval. India to say no to WTO trade facilitation deal. Trai may allow sharing of all kinds of telecom spectrum. Wal-Mart adds $102.9mn in Indian wholesale biz in June. CAG flays oil cos for overcharging clients by Rs 26,626cr. India among biggest UK foreign investors.
  3. 3. DAILY REPORT 21st 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 48.15 4,97,242 45,03,300 NIFTY PE 7,500 25.2 3,83,575 68,24,550 NIFTY PE 7,400 13.1 2,29,756 51,41,750 BANKNIFTY PE 15,000 100 39,896 6,52,800 TCS PE 2,300 11.7 6,176 2,59,750 SBIN PE 2,500 27.5 4,336 2,83,250 IDFC PE 150 1.1 2,267 22,94,000 TATASTEEL PE 550 7.7 1,826 5,00,000 MOST ACTIVE CALL OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 7,700 58 4,97,225 53,44,550 NIFTY CE 7,800 25 4,47,225 48,71,000 NIFTY CE 7,600 115 2,77,250 40,56,150 BANKNIFTY CE 15,500 191 44,649 4,82,650 TCS CE 2,500 16.2 9,869 4,66,875 INFY CE 2,600 39 9,286 3,59,125 IDFC CE 170 3.3 4,116 20,72,000 RELIANCE CE 1,000 12 4,023 13,97,000 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 36992 1413.95 46745 1789.11 340571 13069.81 -375.16 INDEX OPTIONS 347004 13183.31 333793 12702.06 1744356 66862.08 481.25 STOCK FUTURES 76795 2830.56 66619 2512.63 1549590 56280.63 317.94 STOCK OPTIONS 78569 2960.44 77707 2933.04 118998 4441.36 27.40 TOTAL 451.43 INDICES R2 R1 PIVOT S1 S2 NIFTY 7,737.63 7,700.77 7,648.13 7,611.27 7,558.63 BANK NIFTY 15,684.45 15,531.90 15,310.60 15,158.05 14,936.75 STOCKS IN NEWS Results today: HDFC Bank , HDFC , Canara Bank , Exide Industries, HDIL , HindZinc , Idea Cellular , V-Mart Re- tail , Texmaco Rail, Tata Metaliks. FTIL to sell 15% in MCX to Kotak Mahindra for Rs 459 cr RIL Q1 net up 13.7% to Rs 5957 cr, beats analyst esti- mates Ultratech Cement Q1 net dips 6% to Rs 628 cr. NIFTY FUTURE Nifty Future closed flat in the last trading session. We advise buying around 7700 level with strict stop loss of 7650 for the targets of 7750-7800.
  4. 4. DAILY REPORT 21st JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 COMMODITY MCX RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER SEP ABOVE 45600 TGTS 45800,46100 SL 45300 SELL SILVER SEP BELOW 45250 TGTS 45050,44750 SL 45550 GOLD TRADING STRATEGY: BUY GOLD AUG ABOVE 28260 TGTS 28340,28440 SL 28160 SELL GOLD AUG BELOW 28050 TGTS 27970,27870 SL 28150 COMMODITY ROUNDUP MCX Gold futures came off their highs after strong gains in the last session. Global gold futures were also witnessing some profit selling after a strong surge in over night trades. The COMEX Gold futures jumped sharply yesterday, break- ing above $1300 per ounce as risk aversion in US stocks and geopolitical worries following crash of a Malaysia Airlines- plane in battle hit east Ukraine. COMEX Gold soared by nearly $30 per ounce in a massive intraday swing following this. The counter is quoting at $1311 per ounce, down $6 perounce on the day right now. MCX Gold futures trade at Rs 28032 per 10 grams, down Rs 167per 10 grams. Copper prices fell 0.25% to Rs 430.70 per kg in futures mar- ket on Friday as speculators trimmed positions amidst a weak trend in global markets. At the MCX, copper for deliv- ery in August traded lower by Rs 1.10, or 0.25% to Rs 430.70 per kg in business turnover of 308 lots. Similarly, the metal for delivery in far-month November contract shed 75 paise, or 0.17% to Rs 438.20 per kg in 4 lots. Apart from weak global trend, speculation that demand will slow down in China, the biggest user of the metal, mainly influenced copper prices at futures trade. Meanwhile, copper for deliv- ery in three months retreated 0.3% to USD 7,043.75 a met- ric tonne on the LME. June saw a sharp rise in the import bill for gold, along with a fall in silver imports. As for silver, data from the Union min- istry of commerce shows import declined by 53.4 per cent to $212.8 million (Rs 1,271 crore) from $457 mn (Rs 2,666 crore) in June last year. In volume, imports fell from 579 tonnes last June to 323 tonnes. During the period, interna- tional silver prices fell 5.7 per cent, from an average of $21.12 an ounce in June 2013 to $19.91/oz this June. September futures of Crude Oil on NYMEX settled at $ 101.67 per barrel, while August contract of Crude Oil set- tled at $ 102.88 per barrel. The inventories drop fears in the coming weeks resulted in the spike in Crude Oil prices. The tensions emerging after the missile attack hit the Malaysian Airliner in Ukraine further underpinned the prices. The prices were also supported by the strong data set from US where jobless claims and manufacturing activity posted bet- ter picture for the economy. Meanwhile, US Crude Oil in- ventories declined.
  5. 5. DAILY REPORT 21st JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS DHANIYA BUY DHANIYA AUG ABOVE 12000 TGTS 12030,12080 SL 11950 SELL DHANIYA AUG BELOW 11850 TGTS 11820,11770 SL 11900 GUARSEED BUY GUARSEED AUG ABOVE 5590 TGTS 5620,5670 SL 5540 SELL GUARSEED AUG BELOW 5480 TGTS 5450,5400 SL 5530 NCDEX NCDEX INDICES Index Value % Change Castor Seed 4177 -0.60 Chana 2876 +0.70 Coriander 11896 +0.82 Cotton Seed Oilcake 1705 -1.06 Guarseed 5455 +1.38 Jeera 11745 -0.26 Mustard seed 3615 -0.03 Soy Bean 3717 +0.19 Sugar M Grade 3045 -0.13 Turmeric 6486 +1.51 NCDEX ROUNDUP Sugarcane, which is a leading cash crop supporting about 50 million farmers' households in India, is currently in the vor- tex of crisis. While cane arrears have become an annual phenomenon putting growers to hardships, the glut in the international and domestic sugar market have kept sugar prices comparatively low affecting the profitability of sugar companies. Jeera futures plunged on short selling at higher side trig- gered by waning demand. The NCDEX Jeera for the August delivery ended the day at Rs 11,685, down Rs 30 or 0.26%. Spot Jeera eased on Friday as the buying thinned after re- cent gains. Prices have been rising on good demand from overseas buyers and local stockiest. Comfortable supplies on the back of record output along with good carryover stocks amid weak demands limiting the upside in prices. Jeera August contract gained Rs 1030 per quintal in one month and faced stiff resistance near the contract high of Rs 11,900-11,840 level and dropped on short selling. Amid profit-booking by speculators at current levels, carda- mom prices eased by 0.34% to Rs 912.50 per kg. Further, slackened demand in the spot markets influenced carda- mom prices. At the MCX, cardamom for delivery in far- month September fell by Rs 3.10, or 0.34%, to Rs 912.50 per kg in business turnover of 48 lots. Likewise, the spice for delivery in August contracts traded lower by Rs 1.20, or 0.13%, to Rs 938.30 per kg in 254 lots. Besides profit- booking by speculators at existing levels, fall in demand in the spot market against adequate stocks position mainly led to the fall in cardamom prices at futures trade.
  6. 6. DAILY REPORT 21st JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 EUR/INR SELL EUR/ INR BELOW 81.58 TGTS 81.43, 81.28 SL 81.78. BUY EUR/INR ABOVE 81.88 TGTS 82.03, 82.18 SL 81.68. USD/INR SELL USD/INR BELOW 60.29 TGTS 60.14, 59.99 SL 60.49. BUY USD/INR ABOVE 60.59 TGTS 60.74, 60.89 SL 60.39. CURRENCY ROUNDUP The Indian rupee fell to its weakest in a month against the dollar, tracking lower emerging market assets after the downing of a Malaysian airlines jet at the Ukraine-Russia border sent investors scurrying to defensive assets. The ru- pee fell 0.7 percent for the week, posting its biggest weekly loss since mid-June when emerging markets had reeled on worries about the prospect of civil war in Iraq. Global factors are likely to be the key drivers for the rupee next week, given the prospect of tensions between Russia and the West over the downed Malaysian commercial jet. That could offset signs of improving economic fundamentals at home. Data on Monday showed consumer prices eased to their lowest since figures were first published in January 2012, while other data this month showed improving manu- facturing activity and rising exports. The partially convertible rupee ended at 60.28/29 per dol- lar, from its Thursday close of 60.18/19. In the offshore non- deliverable forwards, the one-month contract was at 60.47/57, while the three-month was at 60.97/61.07. The dollar got off to a steady start on Monday as some calm returned to markets following an initial bout of risk aversion stemming from a flare up in geopolitical tensions. Oil prices eased in thin trade on Friday but notched their first weekly gain in a month due to heightened geopolitical risk after the downing of a Malaysian jetliner over eastern Ukraine and as Israeli ground troops advanced into Gaza. U.S. Treasuries held steady on Friday, taking in stride a weaker-than-expected U.S. consumer sentiment survey and holding onto the safe-haven flows stemming from the esca- lation of tensions in Ukraine and Israel in the last 24 hours. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 60.3300 Yen-100 59.5400 Euro 81.584800 GBP 103.1824
  7. 7. DAILY REPORT 21st 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 18/07/14 MCX GOLD AUG. BUY 28260 28340-28440 28160 BOOKED FULL PROFIT 18/07/14 MCX GOLD AUG. SELL 28050 27970-27870 28150 NOT EXECUTED 18/07/14 MCX SILVER SEP. BUY 45600 45800-46100 45300 BOOKED FULL PROFIT 18/07/14 MCX SILVER SEP. SELL 45250 45050-44750 45550 NOT EXECUTED 18/07/14 NCDEX GUARSEED AUG. BUY 5495 5525-5575 5445 BOOKED FULL PROFIT 18/07/14 NCDEX GUARSEED AUG. SELL 5425 5395-5345 5475 NOT EXECUTED 18/07/14 NCDEX DHANIYA AUG. BUY 12000 12030-12080 11950 NOT EXECUTED 18/07/14 NCDEX DHANIYA AUG. SELL 11380 11800-11750 11880 BOOKED FULL PROFIT 18/07/14 JPY/INR JULY BUY 59.51 59.66-59.81 59.31 NO PROFIT NO LOSS 18/07/14 JPY/INR JULY SELL 59.22 59.07-58.92 59.42 NOT EXECUTED 18/07/14 EUR/INR JULY SELL 102.97 102.82-102.67 103.17 NOT EXECUTED 18/07/14 EUR/INR JULY BUY 103.28 103.43-103.58 103.08 NO PROFIT NO LOSS Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 18/07/14 NIFTY FUTURE BUY 7680 7730-7780 7630 CALL OPEN 18/07/14 IRBINFRA FUTURE BUY 276-277 281-286 271 CALL OPEN 18/07/14 VOLTAS FUTURE BUY 213-214 219-224 208 CALL OPEN 18/07/14 SONATA SOFT CASH BUY 78.5 80-81.5 77 BOOKED PROFIT 17/07/14 SSLT FUTURE BUY 297-300 308-315 292 CALL OPEN 17/07/14 ADANI PORTS FUTURE BUY 282.285 290295 276 CALL OPEN
  8. 8. DAILY REPORT 21st 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 21 8:30 AM CHICAGO FED NATIONAL ACTIVITY IN- DEX JUNE -- 0.18 TUESDAY, JULY 22 8:30 AM CONSUMER PRICE INDEX JUNE 0.3% 0.4% 8:30 AM CORE CPI JUNE 0.2% 0.3% 10 AM EXISTING HOME SALES JUNE 4.97 MLN 4.89 MLN 10 AM FHFA HOUSE PRICE INDEX MAY -- 5.9% YOY WEDNESDAY, JULY 23 NONE SCHEDULED THURSDAY, JULY 24 8:30 AM WEEKLY JOBLESS CLAIMS 7-19 N/A N/A 9:45 AM MARKIT FLASH PMI JULY -- 57.3 10 AM NEW HOME SALES JUNE 478,000 504,000 FRIDAY, JULY 25 8:30 AM DURABLE GOODS ORDERS JUNE 0.3% -0.9%