Stock market special report by epic research 25th april 2014


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Stock market special report by epic research 25th april 2014

  1. 1. DAILY REPORT 25th APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Asian stocks struggled on Friday, as fears of an escalating Ukraine crisis eclipsed upbeat U.S. economic data and ro- bust U.S. tech shares. Japan's Nikkei stock average took an opposite track and added 0.5 percent in choppy trade, af- ter opening solidly lower amid disappointment over a failed attempt to reach a U.S.-Japan trade pact. MSCI's broadest index of Asia-Pacific shares outside Japan erased early modest gains and fell 0.3 percent. Wall Street Update US stocks edged lower on Wednesday as strong results from Boeing failed to inspire investors to keep pushing equities higher following six straight days of gains. The Nasdaq rose modestly in a choppy session on Thurs- day, lifted by a rally in Apple shares a day after the iPad maker's strong results, though tensions in Ukraine held the broader market in check. The Dow Jones industrial average remained unchanged to close at 16,501.65. The S&P 500 gained 3.22 points or 0.17 percent, to 1,878.61. The Nasdaq Composite added 21.372 points or 0.52 percent, to end at 4,148.338. Previous day Roundup Equity benchmarks saw record closing highs Wednesday, on expiry day for April series derivative contracts. The Nifty climbed 25.45 pts to close at 6840.80 and the Sensex advanced 118.17 pts to 22876.54 after hitting intraday highs of 6,861.60 and 22912.52, respectively. Experts re- main bullish on the Indian equity market in anticipation of stable government at the Centre after Lok Sabha elections. For the April series, the Sensex and Nifty climbed 3%, in addition to a 6% rally in last series on strong inflow of for- eign money and hopes of stable government at centre. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 58.43pts], Capital Goods [up pts187.84], PSU [up pts], FMCG [up 28.50pts], Realty [down 18.92pts], Power [down 9.41pts], Auto [up 17.45pts], Healthcare [up 46.41pts], IT [down 1.88pts], Metals [up 22.88pts], TECK [up 7.59pts], Oil& Gas [down 32.26pts]. World Indices Index Value % Change D J l 16,501.65 +0.00 S&P 500 1,878.61 +0.17 NASDAQ 4,148.34 +0.52 EURO STO 3,189.81 +0.44 FTSE 100 6,703.00 +0.42 Nikkei 225 14,498.69 +0.62 Hong Kong 22,402.61 -0.71 Top Gainers Company CMP Change % Chg BANKBARODA 810.00 29.50 +3.78 KOTAKBANK 827.00 25.70 +3.21 AMBUJACEM 220.00 5.40 +2.52 PNB 807.75 19.30 +2.45 LT 1371.50 24.95 +1.85 Top Losers Company CMP Change % Chg CAIRN 354.00 9.70 -2.67 DLF 153.00 4.05 -2.58 IDFC 117.10 1.75 -1.47 ULTRACEMCO 2170.00 32.10 -1.46 BPCL 477.00 5.80 -1.20 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg ADANIPORTS 205.70 0.90 +0.44 BANKBARODA 810.00 29.50 +3.78 BPCL 477.00 5.80 -1.20 DREDGECORP 323.50 5.90 +1.86 HINDPETRO 328.00 0.25 +0.08 Indian Indices Company CMP Change % Chg NIFTY 6840.80 +25.45 +0.37 SENSEX 22876.54 +118.17 +0.52 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg
  2. 2. DAILY REPORT 25th APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. BANK OF BARODA [FUTURE] BANK OF BARODA FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sus- tains above 800 levels. We advise buying around 800-805 levels with strict stop loss 785 for the targets of 825-840. 2. ICICI BANK [FUTURE] ICICI BANK FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 1300 levels. We advise buying around 1290-1300 levels with strict stop loss 1265 for the targets of 1325- 1350 levels. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. BANK OF INDIA BANK OF INDIA is looking strong on charts. We advise buy- ing around 230-232 levels with strict stop loss of 225 for the targets of 238-244 levels. MACRO NEWS Results: Axis Bank,ICICI Bank,IDFC, Maruti Suzuki , Bosch, Exide Industries, Siemens, UPL, Sasken Communication. YES Bank beat street expectations by reporting fourth quarter (January-March) net profit at Rs 430 crore, up 18.8 percent compared to same quarter last year. SC ruling on Goa mining may hurt 19 Odisha mines. Iron ore exports up 2% in FY14; to grow at healthy rate in FY15. India produces 7.25 MT steel in March. A recent move by the tax department has flummoxed cor- porate and businessmen who are calling it 'tax terrorism' - a phrase that has gained currency after it found its way into BJP's manifesto. Hundreds of closely held firms, many owned by the country's top business houses, have been questioned on the premium collected against the sale of shares. Bharti Infratel reported a sharp 64% increase in consoli- dated net profit for the quarter ended March 2013, beat- ing estimates. Stocks that haven't been in the limelight for years to- gether after their spectacular show at the peak of the bull -run in 2007, but have shown signs of revival in momen- tum of late as the Sensex hits all-time high.
  3. 3. DAILY REPORT 25th 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 6,800 0.05 12,12,687 90,94,100 NIFTY PE 6,850 5 7,62,852 4,99,250 NIFTY PE 6,900 53 2,07,683 1,27,000 BANKNIFTY PE 13,000 0.1 1,70,107 5,79,275 SBIN PE 2,050 0.05 7,729 1,38,500 TCS PE 2,200 0.05 4,790 1,73,875 RELIANCE PE 960 0.05 3,539 2,32,500 INFY PE 3,150 0.05 2,877 2,02,625 MOST ACTIVE CALL OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 6,850 0.05 9,56,843 62,44,200 NIFTY CE 6,900 0.05 8,32,751 82,60,000 NIFTY CE 6,800 36.5 5,52,742 6,15,250 BANKNIFTY CE 13,100 14 1,52,811 95,850 SBIN CE 2,050 14 8,764 1,90,500 ICICI BANK CE 1,300 0.05 8,212 6,36,500 RELIANCE CE 980 0.05 8,045 7,66,500 INFY CE 3,200 0.05 6,133 3,86,250 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 178261 6083.45 128299 4373.43 277282 9524.22 1710.02 INDEX OPTIONS 453737 15279.89 414607 13995.53 1013425 34634.95 1284.36 STOCK FUTURES 409757 14933.25 436722 15886.09 1049248 37677.37 -952.84 STOCK OPTIONS 53739 1982.49 51071 1878.93 3512 129.21 103.56 TOTAL 2145.09 INDICES R2 R1 PIVOT S1 S2 NIFTY 6800.2 6820.5 6841.05 6861.35 6881.9 NIFTYJUNIOR 13713.98 13770.56 13855.18 13911.76 13996.38 BANK NIFTY 12867.2 12994.64 13085.34 13212.79 13303.49 STOCKS IN NEWS JSW Steel mulls using Goan ore for Dolvi plant. Muthoot Finance Programme (IPP) issue opens & closes today. Bhushan Steel -Gets Odisha State Pollution Control board nod to start blast furnace No. 2. Sequent Scientific to invest Rs 150 crore in Shasun Pharma. Arm SCM Soilfert acquires 10 lakh shares (0.84 per- cent) of Mangalore Chemical NIFTY FUTURE Nifty Future closed in the green in the last trading ses- sion. We advise buying around 6820-6840 levels with strict stop loss of 6780 for the targets of 6890-6920.
  4. 4. DAILY REPORT 25th APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER(MAY) ABOVE 42700 TGTS 42900/43100 SL 42380 SELL SILVER(MAY) BELOW 42390 TGTS 42190/41840 SL 42700 GOLD TRADING STRATEGY: BUY GOLD(JUN) ABOVE 28850 TGTS 28930/29030 SL 28730 SELL GOLD(JUN) BELOW 28620 TGTS 28540/28440 SL 28720 COMMODITY ROUNDUP Gold prices rose by Rs 190 to Rs 30,440 per ten grams at the bullion market today following sustained buying by stockists on pick-up in seasonal demand amid firm global trend. Sil- ver also rose by Rs 470 to Rs 43,300 per kg on increased offtake by industrial units and coin makers. Bullion mer- chants said sustained buying by stockists on the back of pick -up in seasonal demand and a firm global trend mainly led to the rise in gold and silver prices. Gold in Singapore, which normally sets price trend on the domestic front, inched up by 0.05% to $1,284.30 and silver by 0.39% to $19.46. Weakening rupee against the US dollar which makes the import of precious metals expensive fur- ther boosted the sentiment, they said. In the national capi- tal, gold of 99.9 and 99.5% purity shot up by Rs 190 each to Rs 30,440 and Rs 30,240 per ten grams, respectively. It had gained Rs 210 yesterday. Sovereign, however, remained flat at Rs 24,900 per piece of eight grams. In a similar fashion, silver ready rose further by Rs 470 to Rs 43,300 per kg and weekly-based delivery by Rs 345 to Rs 42,475 per kg. The white metal had gained Rs 230 in the previous session. On the other hand, silver coins remained steady at Rs 80,000 for buying and Rs 81,000 for selling of 100 pieces. Iron ore exports, which declined from over $7 billion per annum to $1.69 billion in 2013-14, are expected to get a big boost following the Supreme Court's order to lift mining restrictions in Goa. Amid a firm global trend and better domestic demand, zinc futures rose by 0.47% to Rs 127.15 per kg. At the MCX, zinc for delivery in April edged up by 60 paise, or 0.47%, to Rs 127.15 per kg, with a business turnover of 64 lots. Likewise, the metal for delivery in May traded higher by 55 paise, or 0.43%, to Rs 128.15 per kg in a turnover of 36 lots. Besides improved demand in the spot market, firming trend in cop- per and other base metals overseas mainly led to rise in zinc prices at futures trade here. Tracking positive Asian cues and a pick-up in spot demand, copper futures rose marginally by 0.11% to Rs 413.85 per kg. At the MCX, copper for delivery in June rose by 45 paise, or 0.11%, to Rs 413.85 per kg, with a turnover of 363 lots. In Asian trade, copper futures for delivery in July added 0.5% to 46,660 yuan ($7,478) a tonne in Shang COMMODITY MCX
  5. 5. DAILY REPORT 25th APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS DHANIYA BUY DHANIYA ABOVE 9550 TGTS 9580,9630 SL 9500 SELL DHANIYA BELOW 9450 TGTS 9420,9370 SL 9500 GUARSEED BUY GUARSEED ABOVE 5090 TGTS 5120,5170 SL 5040 SELL GUARSEED BELOW 5030 TGTS 5000,4950 SL 5080 NCDEX NCDEX INDICES Index Value % Change Castor Seed 3963 -0.82 Chana 3072 -0.81 Coriander 9433 -2.78 Cotton Seed Oilcake 1552 +0.13 Jeera 5080 +1.30 Maize– Feed/Industrial Grade 10470 +1.65 Mustard seed 3491 -0.54 Soy Bean 4508 +0.23 Turmeric 6908 -0.92 NCDEX ROUNDUP After surging 19% the past four weeks, coffee extended its ascent. Futures jumped to the highest in two years on Tues- day, after drought damage in Brazil prompted Volcafe to cut its outlook for the crop in the South American country, the world’s top grower and exporter. The worst Brazilian drought in decades ravaged plants earlier this year, and pro- duction of arabica beans will be 18 per cent less than pro- jected, Volcafe, a unit of commodity trader ED&F Man Hold- ings, said on Tuesday. Coffee futures jumped as much as 8.3 per cent, driving volatility to the highest since 2000. Potato prices rose by 2.08% to Rs 1,436 per quintal in fu- tures trade yesterday as traders created fresh positions on the back of rising demand in the spot market. At the Multi Commodity Exchange, potato for May contract rose Rs 29.30, or 2.08%, to Rs 1,436 per quintal, with a trading vol- ume of 367 lots. The delivery for the April contract also traded higher by Rs 15.50, or 1.17%, to Rs 1,334 per quintal with a business volume of 30 lots. Chana prices rose by 0.85% to Rs 3,182 per quintal in fu- tures trade as traders enlarged their holdings on account of good demand in spot markets. At the National Commodity and Derivatives Exchange, chana for June delivery rose by Rs 27, or 0.85%, to Rs 3,182 per quintal, with an open inter- est for 50,160 lots.
  6. 6. DAILY REPORT 25th APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 USD/INR BUY USD/INR ABOVE 61.19 TGTS 61.33,61.48 SL 60.94. SELL USD/INR BELOW 60.89 TGTS 60.75,60.60 SL 61.14. EUR/INR BUY EUR/INR ABOVE 84.67 TGTS 84.81, 84.96 SL 84.42. SELL EUR/INR BELOW 84.15 TGTS 84.01, 83.86 SL 84.40. CURRENCY ROUNDUP The Indian rupee opened lower by 11 paise at 60.87 per dollar versus 60.76 Tuesday. Major currencies trade on fa- miliar ground after an uninspired session that kept the dol- lar, euro and yen locked in narrow ranges. The rupee on Wednesday depreciated by 31 paise to finish at one-month low at 61.07 against the dollar on sustained dollar demand from banks and importers. Lesser supply of inflows from FIIs and month-end demand for the US cur- rency weighed on the rupee. Some debt related outflows from overseas investors was also seen. At the Interbank For- eign Exchange (Forex) Market, the domestic currency de- clined to 61.19 intra day before settling at 61.07, a loss of 31 paise or 0.51 percent, from the previous close. In the last three straight days, the rupee has weakened by 78 paise or 1.29 percent. The dollar index was down by 0.21 percent against its six major global rivals. The benchmark six -month premium payable in September settled at 213.5- 215.5 paise against 216-218 paise previously. Far forward contracts maturing in March, 2015 ended steady at 452-454 paise. The Reserve Bank of India fixed the reference rate for dollar at 61.0683 and for the euro at 84.4860. The rupee contin- ued to rule weak against the pound to finish at 102.61 from last close of 102.22 and also fell sharply against the euro to 84.51 from 83.93. It, declined further to 59.73 per 100 Japa- nese yen from 59.25. The dollar came under pressure against the yen on Friday as rising tension in Ukraine undermined optimism about U.S. economic growth following strong U.S. durable goods data. The dollar traded at 102.30 yen, near a one-week low of 102.085 hit on Thursday, after Ukrainian forces killed up to five pro-Moscow rebels on Thursday as they closed in on the separatists' military stronghold in the east. The euro was also supported by an upbeat German business senti- ment index despite recent tensions over Ukraine. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 61.0683 Yen-100 59.5100 Euro 84.4860 GBP 102.7657
  7. 7. DAILY REPORT 25th 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 23/04/14 MCX GOLD JUNE BUY 28700 28780-28880 28580 BOOKED PROFIT 23/04/14 MCX GOLD JUNE SELL 28450 28370-28270 28570 NOT EXECUTED 23/04/14 MCX SILVER MAY BUY 42630 42830-43130 42300 NO PROFIT NO LOSS 23/04/14 MCX SILVER MAY SELL 41900 41700-41400 42320 NOT EXECUTED 23/04/14 NCDEX GUARSEED MAY BUY 5020 5050-5100 4970 BOOKED FULL PROFIT 23/04/14 NCDEX GUARSEED MAY SELL 4950 4920-4870 5000 NOT EXECUTED 23/04/14 NCDEX DHANIYA MAY BUY 9760 9790-9840 9710 NOT EXECUTED 23/04/14 NCDEX DHANIYA MAY SELL 9670 9640-9590 9710 BOOKED FULL PROFIT 23/04/14 JPY/INR APR. BUY 59.49 59.63-59.78 59.24 BOOKED FULL PROFIT 23/04/14 JPY/INR APR. SELL 59.09 58.95-58.80 59.34 NOT EXECUTED 23/04/14 GBP/INR APR. SELL 102.04 101.90-101.75 102.29 NOT EXECUTED 23/04/14 GBP/INR APR. BUY 102.53 102.67-102.82 102.28 BOOKED FULL PROFIT Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 23/04/14 NIFTY FUTURE BUY 6800- 6820 6860-6890 6770 CALL OPEN 23/04/14 APOLLO TYRE FUTURE SELL 170-172 168-165 175 CALL OPEN 23/04/14 HINDPETRO FUTURE BUY 325-328 332-335 320 BOOKED FULL PROFIT 23/04/14 DREDGING CORP CASH BUY 310-320 330-345 295 BOOKED PROFIT 22/04/14 NIFTY FUTURE BUY 6800- 6820 6860-6890 6770 BOOKED FULL PROFIT 22/04/14 YES BANK FUTURE BUY 430-435 442-448 422 BOOKED FULL PROFIT 22/04/14 BANK OF INDIA FUTURE BUY 225-228 235-240 217 BOOKED PROFIT 22/04/14 LIBERTYSHOES CASH BUY 180-185 192-198 176 CALL OPEN 16/04/14 TCS FUTURE BUY 2200- 2240 2280-2300 2160 CALL OPEN 15/04/14 INDUSIND BANK FUTURE SELL 500-495 480-460 520 CALL OPEN
  8. 8. DAILY REPORT 25th 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 21 10 AM LEADING INDICATORS MARCH -- 0.5% TUESDAY, APRIL 22 9 AM FHFA HOME PRICE INDEX FEB. 10 AM EXISTING HOME SALES MARCH 4.54 MLN 4.60 MLN WEDNESDAY, APRIL 23 9 AM MARKET "FLASH" PMI APRIL -- 55.5 10 AM NEW HOME SALES MARCH 455,000 440,000 THURSDAY, APRIL 24 8:30 AM JOBLESS CLAIMS 4/245 N/A 304,000 8:30 AM DURABLE GOODS ORDERS MARCH 1.9% 2.2% FRIDAY ,APRIL 25 9:55 AM UMICH CONSUMER SENTIMENT APRIL 82.6 82.6