Stock market special report by epic research 26th  august 2014
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Epic Research is a leading financial advisory firm, we are well known stock advisory, commodity advisory, equity advisory, share advisory, forex advisory, MCX advisory, NCDEX advisory firm in india. ...

Epic Research is a leading financial advisory firm, we are well known stock advisory, commodity advisory, equity advisory, share advisory, forex advisory, MCX advisory, NCDEX advisory firm in india. Call- 07316642300

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Stock market special report by epic research 26th august 2014 Document Transcript

  • 1. DAILY REPORT 26th AUGUST 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Asian equity markets were mixed on Tuesday as tensions over Ukraine took the shine off Wall Street's overnight gains. China's Shanghai Composite was flat at 2,228.22. Hong Kong's Hang Seng was flat at 25,168.92. Japan's Nik- kei shed 0.40 percent or 62.02 points at 15,551.23. South Korea's Seoul Composite was up 0.38 percent or 7.84 points at 2,068.73. Singapore's Straits Times was flat at 3,332.45. Taiwan's Taiwan Weighted was flat at 9,397.21. European shares rose on Monday, as prospects of new stimulus measures from the European Central Bank en- abled the region's stock markets to shrug off weak German data and the resignation of the French government. Wall Street The S&P 500 was unable to hold the 2,000 mark after mov- ing above the milestone level for the first time on Monday, but still managed to close at a record high, buoyed by fi- nancials and biotechnology stocks. The Dow Jones indus- trial average rose 75.65 points or 0.44 percent, to 17,076.87, the S&P 500 gained 9.52 points or 0.48 percent, to 1,997.92 and the Nasdaq Composite added 18.80 points or 0.41 percent, to 4,557.35. Previous day Roundup Equity benchmarks failed to sustain record highs in late trade on Monday due to crash in metals stocks after Su- preme Court verdict on coal block allocation case. Banks too put pressure on the market but the buying in defen- sives like technology and FMCG played supportive role. The 30-share BSE Sensex rallied as much as 211 points intraday to hit a record high of 26630.74 but could not sustain the same, up 17.47 points to close at 26437.02. The 50-share NSE Nifty managed to hold the 7900 level, down 6.90 points to 7906.30 after hitting an all-time high of 7,968.25. The broader markets underperformed with the BSE Midcap and Smallcap indices falling 0.4-0.6 percent. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 21.16pts], Capital Goods [down 99.76pts], PSU [down 67.37pts], FMCG [up 73.26pts], Auto [up 72.00pts], Health- care [up 64.47pts], IT [up 96.05Pts], Metals [down 558.01pts], TECK [up 40.31pts], Oil& Gas [down 27.66pts], Power [down 26.03pts], Realty [down 26.62pts]. World Indices Index Value % Change D J l 17076.87 +0.44 S&P 500 1997.92 +0.48 NASDAQ 4557.35 +0.41 EURO STO 3165.47 +2.16 FTSE 100 6775.25 -0.04 Nikkei 225 15550.88 -0.40 Hong Kong 25134.22 -0.13 Top Gainers Company CMP Change % Chg TCS 2,521.70 57.50 2.33 HINDUNILVR 719.20 15.00 2.13 MARUTI 2,810.05 55.20 2.00 BHEL 231.50 4.00 1.76 CIPLA 508.00 8.70 1.74 Top Losers Company CMP Change % Chg JINDALSTEL 249.85 44.55 -15.13 HINDALCO 164.30 18.20 -9.97 TATASTEEL 510.25 27.50 -5.11 SSLT 279.40 12.30 -4.22 TATAPOWER 90.25 3.45 -3.68 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg ARVIND 273.10 17.15 +6.70 AUROPHARMA 821.00 9.10 +1.12 BHARAT FORG 794.3 18.20 +2.35 CIPLA 508.00 8.70 +1.74 LUPIN 1264.80 14.25 +1.14 Indian Indices Company CMP Change % Chg NIFTY 7906.30 -6.90 -0.09 SENSEX 26437.02 +17.47 +0.07 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg
  • 2. DAILY REPORT 26th AUGUST 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. CIPLA FUTURE CIPLA FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 500 levels. We advise buying around 500-505 levels with strict stop loss of 490 for the targets of 515-525 levels. 2. TATASTEEL FUTURE TATA STEEL FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it sustains below 520 levels. We advise selling around 520-525 levels with strict stop loss of 535 for the targets of 510-500 levels. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. EXCEL CORP EXCEL CORP strong on daily chart. We advise buying around 922-923 level with strict stop loss 904 for the targets of 941-959 MACRO NEWS The Supreme Court has pronounced the terms under which coal blocks were allocated post 1993 as illegal but stopped short of deallocating the blocks. The conseqence of illegality will be determined on September 1, 2014. The apex court observed that the issue of de-allocation will need further hearing, but barred UMPPs from exploiting captive mines. April-June balance of payment and current account data. No fixed date for release. India's Finance Minister Arun Jaitley will hold his first offi-cial press conference today ahead of release of quarterly GDP data for the April-June quarter on Friday. (Time is yet to be confirmed). Credit Suisse maintains outperform rating on MARUTI with an increased target price to Rs 3,500 apiece Sebi seeks fresh clarification on Lavasa's Rs 750-cr IPO. ICICI Bank is planning to sell its second batch of 10-year senior bonds of up to 30 billion rupees ($496 million). The offering, via a private placement, is likely to go directly to two big investors. Kotak Mahindra Bank and Andhra Bank are the other lenders to have raised 2.65 billion rupees and 5 billion rupees from such bonds at annual coupons of 9.36% and 9.35%, respectively.
  • 3. DAILY REPORT 26th 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 7,900 30 7,62,624 57,23,850 NIFTY PE 7,800 7.45 4,16,246 64,09,350 NIFTY PE 8,000 90.4 2,64,166 11,25,950 BANKNIFTY PE 15,500 39 57,636 2,91,950 SBIN PE 2,550 44 3,471 52,625 TATASTEEL PE 530 20.8 2,849 6,24,000 RELIANCE PE 1,000 10.7 2,833 6,77,000 JPASSOCIAT PE 50 0.55 1,935 59,52,000 MOST ACTIVE CALL OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 8,000 8.85 8,24,770 1,03,70,000 NIFTY CE 7,900 42.4 5,18,358 49,87,500 NIFTY CE 8,100 1 2,21,477 39,97,750 BANKNIFTY CE 16,000 19.5 1,09,156 7,09,700 SBIN CE 2,600 3.6 7,657 4,57,875 TCS CE 2,500 34 5,844 1,58,875 JPASSOCIAT CE 55 0.25 5,171 78,96,000 HINDALCO CE 180 0.35 4,908 18,00,000 FII DERIVATIVES STATISTICS BUY OPEN INTEREST AT THE END OF THE DAY SELL No. of Contracts Amount in Crores No. of Contracts Amount in Crores No. of Contracts Amount in Crores NET AMOUNT INDEX FUTURES 78207 3110.73 73449 2919.18 295442 11687.57 191.56 INDEX OPTIONS 443974 17536.15 450648 17761.77 1801226 71168.87 -225.62 STOCK FUTURES 437405 16069.45 431466 15901.05 1412075 51321.48 168.40 STOCK OPTIONS 78096 3059.43 83383 3279.75 89425 3367.97 -220.32 TOTAL -85.99 INDICES R2 R1 PIVOT S1 S2 NIFTY 7,853.87 7,880.08 7,924.17 7,950.38 7,994.47 BANK NIFTY 16,103.83 15,886.42 15,755.93 15,538.52 15,408.03 STOCKS IN NEWS Shree Cement to buy JP's cement grinding unit for Rs 360cr. Alstom T&D India gets big order from Power Grid for ultra-high voltage direct current link. Axis Bank sought its board approval on Aug. 21 to raise up to 60 billion rupees via long-term bonds. PFC priced a two-tranche offering totaling 33.34 bil- lion rupees ($551 million) in local bonds. SyndiBank CMD's bail plea in Patiala court at 2 pm. NIFTY FUTURE Nifty Future downside in the last trading session. We advise selling around 7900-7890 with strict stop loss 7950 the targets of 7840-7790
  • 4. DAILY REPORT 26th AUGUST 2014 YOUR MINTVISORY Call us at +91-731-6642300 COMMODITY MCX RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER SEP ABOVE 42300 TGTS 42500,42800 SL 42000 SELL SILVER SEP BELOW 41800 TGTS 41500,41000 SL 42200 GOLD TRADING STRATEGY: BUY GOLD OCT ABOVE 27880 TGTS 27960,28100 SL 27760 SELL GOLD OCT BELOW 27700 TGTS 27600,27520 SL 27800 COMMODITY ROUNDUP Silver prices fell by 0.14% to Rs 41,896 per kg in futures trade yesterday as speculators trimmed positions amid weak cues from global markets. At the Multi Commodity Exchange, silver for delivery in September traded lower by Rs 59, or 0.14%, to Rs 41,896 per kg in a business turnover of 1,285 lots. Similarly, the white metal for delivery in December de- clined by Rs 44, or 0.10%, to Rs 42,649 per kg in a business volume of 126 lots. In the international market, silver traded 0.7% lower at $19.30 an ounce in Singapore, the lowest since June 12. Attributed the fall in silver prices at futures trade to offloading of positions by speculators amid weak cues from overseas markets. Brent crude oil edged higher on Monday while U.S. crude fell in light trading as support from geopolitical tensions in Ukraine and Libya offset ample supplies and anticipated weak demand after a slew of disappointing economic data from the United States and Europe. Lead prices softened by 0.11 per cent to Rs 136 per kg in futures trading yesterday as speculators reduced positions largely in line with a weak trend overseas amidst subdued demand from battery-makers in the spot market. At the MCX lead for delivery in August eased by 15 paise, or 0.11%, to Rs 136 per kg in a business turnover of 84 lots. Weakness in copper and other base metals at the Shanghai Futures Exchange and subdued demand from battery- makers in the spot market mainly put pressure on lead prices at futures trade. Closure of the LME for "Summer Bank Holiday" also weighed on sentiments. Nickel prices fell by 0.13 per cent to Rs 1,127.40 per kg in futures trade today as speculators indulged in booking profits. At MCX nickel for delivery in August declined by Rs 1.50, or 0.13%, to Rs 1,127.40 per kg in a business turnover of 1,132 lots. September nickel shed 60 paise, or 0.05 per cent, to Rs 1,135 per kg in 126 lots. Fall in nickel prices in futures trade was largely due to profit-booking by specula- tors at current levels and subdued demand from alloy- makers. Besides, weakness in copper and other metals at Shanghai Futures Exchange also weighed on nickel futures.
  • 5. DAILY REPORT 26th AUGUST 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS DHANIYA BUY DHANIYA SEP ABOVE 11870 TGTS 11900,11950 SL 11820 SELL DHANIYA SEP BELOW 11760 TGTS 11730,11680 SL 11810 GUARGUM BUY GUARGUM OCT ABOVE 17170 TGTS 17220,17320 SL 17080 SELL GUARGUM OCT BELOW 16650 TGTS 16600,16500 SL 16740 NCDEX NCDEX INDICES Index Value % Change Castor Seed 4177 -0.69 Chana 2861 -1.21 Coriander 11842 +0.06 Cotton Seed Oilcake 1764 -1.67 Guarseed 5971 -3.99 Jeera 11075 -1.12 Mustard seed 3573 +2.26 Soy Bean 3366 -1.58 Sugar M Grade 3045 -0.46 Turmeric 6478 -2.00 NCDEX ROUNDUP Soyabean prices fell by Rs 65 to Rs 3,355 per quintal in fu- tures trading yesterday amid a weak trend overseas. At NCDEX, soybean for delivery in October drifted by Rs 65, or 1.90%, to Rs 3,355 per quintal, in an open interest of 65,610 lots. In a similar fashion, November contracts shed Rs 19, or 0.59%, to Rs 3,217 per quintal with an open interest of 80,590 lots. Crude palm oil prices tumbled 3.16 per cent to Rs 434.70 per 10 kg, as speculators trimmed positions amid a weak trend at spot market on sluggish demand. At MCX, crude palm oil for delivery in September dropped by Rs 14.20, or 3.16 per cent, to Rs 434.70 per 10 kg in a business turnover of 807 lots. The August contract shed Rs 5, or 1.05 per cent, to Rs 471 per 10 kg in 306 lots. Offloading of positions by speculators due to sluggish demand in the spot market mainly led to the fall in oil prices at futures trade. India has imported onion from Egypt at a price higher than that prevailing in major mandis India has imported about 425 tonnes (15 container-loads) of onion from Egypt at a price substantially higher than that prevailing in major mandis, including that in Lasalgaon.
  • 6. DAILY REPORT 26th AUGUST 2014 YOUR MINTVISORY Call us at +91-731-6642300 EUR/INR BUY EUR-INR ABOVE 80 TGT 80.20,80.50 SL 79.77 SELL EUR-INR BELOW 79.60 TGT79.40,79.10 SL 79.83 GBP/INR BUY GBP-INR ABOVE 100.70 TGT 100.90,101.20 SL 100.45 SELL GBP-INR BELOW 100.30 TGT 100.10,99.80 SL 100.66 CURRENCY ROUNDUP The Indian rupee fell on Monday, retreating from a three- week high hit last week, as the dollar gained after U.S. Fed- eral Reserve chief Janet Yellen was seen as more hawkish than her European counterpart at a central bankers' meet- ing. The partially convertible rupee closed at 60.5650/5750 per dollar compared with 60.4650/4750 in the previous ses- sion. The falls in the rupee came after the U.S. dollar rose to a near one-year high against a basket of six-major curren- cies. Most Asian emerging market currencies also fell. The rupee also faltered after the NSE index edged lower on Monday after hitting a second consecutive record high as gains in blue-chips were offset by a slump in resources firms following the top court's ruling on coal allocations. In the offshore non-deliverable forwards, the one-month contract was at 60.89, while the three-month was at 61.45. The dollar firmed against most major currencies on Monday despite softer-than-expected data out of the U.S. housing sector, as markets took up positions betting that the Federal Reserve will tighten policy while its counterparts in Europe and Japan stay loose. In U.S. trading on Monday, EUR/USD was down 0.35% at 1.3193. The euro stayed on the back foot early on Tuesday, having extended its decline particularly against the Swiss franc overnight, as markets toyed with the idea of another round of policy easing by the European Central Bank. U.S. Treasur- ies prices gained modestly on Monday in light trading in line with rallying European bonds on expectations the European Central Bank will use more stimulus to revive flagging growth in the region. The BI said on Monday it accepted all 41 bids for 173.22 billion rupees($2.87 billion) at its one-day repo auction, through which it injects liquidity into the banking system. Indian banks' refinancing with RBI rises to 177.89 billion ru- pees. Indian banks' cash balances with RBI rise to 3.53 trln rupees. RBI Reference Rate Currency Rate Currency Rate Rupee- $ 60.4270 Yen-100 58.0100 Euro 79.7439 GBP 100.1155
  • 7. DAILY REPORT 26th 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 25/08/14 MCX GOLD OCT. BUY 27880 27960-28100 27760 NOT EXECUTED 25/08/14 MCX GOLD OCT. SELL 27700 27600-27520 27800 NOT EXECUTED 25/08/14 MCX SILVER SEP. BUY 42350 42600-42890 42000 NOT EXECUTED 25/08/14 MCX SILVER SEP. SELL 41800 41500-41000 42200 NOT EXECUTED 25/08/14 NCDEX GUARGUM OCT. BUY 17730 17780-17880 17640 NOT EXECUTED 25/08/14 NCDEX GUARGUM OCT. SELL 17400 17350-1250 17490 BOOKED FULL PROFIT 25/08/14 NCDEX DHANIYA SEP. BUY 11905 11935-11985 11855 NOT EXECUTED 25/08/14 NCDEX DHANIYA SEP. SELL 11810 11780-11730 11860 BOOKED FULL PROFIT 25/08/14 USD/INR AUG. BUY 60.70 60.9-61.1 60.40 NOT EXECUTED 25/08/14 USD/INR AUG. SELL 60.30 60.10-59.80 60.60 NOT EXECUTED 25/08/14 GBP/INR AUG. SELL 100.10 99.9-99.60 100.40 BOOKED PROFIT 25/08/14 GBP/INR AUG. BUY 100.50 100.7-101 100.20 CALL OPEN Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 25/08/14 NIFTY FUTURE BUY 7940 7990-8040 7890 CALL OPEN 25/08/14 RELCAP FUTURE BUY 570-575 590-600 560 SL TRIGGERED 25/08/14 HCLTECH FUTURE BUY 1590-1600 1620-1640 1560 CALL OPEN 25/08/14 IGARASHI MOTORS CASH BUY 301-302 308-314 295 CALL OPEN 21/08/14 NIFTY FUTURE BUY 7925 7975-8025 7875 CALL OPEN
  • 8. DAILY REPORT 26th 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. 25 8:30 AM CHICAGO FED NATIONAL ACTIVITY INDEX JULY -- 0.13 (3-MONTH) 10 AM NEW HOME SALES JULY 430,000 406,000 TUESDAY, AUG. 26 8:30 AM DURABLE GOODS ORDERS JULY 12.6% 1.7% 8:30 AM CORE CAPITAL EQUIPMENT ORDERS JULY -- 3.3% 9 AM CASE-SHILLER HOME PRICES JUNE -- 9.3% Y-O-Y 9 AM FHFA HOME PRICES JUNE -- 5.6% Y-O-Y 10 AM CONSUMER CONFIDENCE INDEX AUG. 88.5 90.9 WEDNESDAY, AUG. 27 NONE SCHEDULED THURSDAY, AUG. 28 8:30 AM WEEKLY JOBLESS CLAIMS AUG. 23 301,000 298,000 8:30 AM GDP REVISION Q2 3.9% 4.0% 10 AM PENDING HOME SALES JULY -- -1.1% FRIDAY, AUG. 29 8:30 AM PERSONAL INCOME JULY 0.3% 0.4% 8:30 AM CONSUMER SPENDING JULY 0.1% 0.4% 8:30 AM CORE PCE PRICE INDEX JULY -- 0.1% 9;45 AM CHICAGO PMI AUG. 57.5 52.6 9:55 AM UMICH CONSUMER SENTIMENT INDEX AUG. 80.1 79.2