Stock market special report by epic research 28 march 2014

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Get exclusive stock futures tips, intraday stock future tips on Indian derivatives market. Epic Research is a leading stock futures recommendation provider in indian market. Call- 07316642300

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Stock market special report by epic research 28 march 2014

  1. 1. DAILY REPORT 28th MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Asian equity markets erased early losses to rise on the final trading day of the week as investors digested a mixed bag of economic data from Japan whilst shrugging off a weak US lead. China's Shanghai Composite jumped 0.54 percent or 11.12 points at 2,057.71. Hong Kong's Hang Seng gained 0.87 percent or 190.14 points at 22,024.59. Japan's Nikkei was flat at 14,610.45. Singapore's Straits Times rose 0.51 percent or 16.23 points at 3,178.69. Wall Street Update US stocks slid on Thursday for a second straight session, with the Nasdaq hitting a six-week low, following the latest economic reports. The American economy grew 2.6 per- cent in the final three months of last year, better than the 2.4 percent rate projected in February. Separately, num- bers from the Labor Department had jobless claims falling by 10,000 to a four-month low of 311,000. The benchmark S&P 500 turned nearly flat for the year after falling almost 1 percent this week as many of the market's biggest trading favorites lost their momentum. The Dow Jones industrial average dipped 4.76 points or 0.03 percent, to end at 16,264.23. The S&P 500 lost 3.52 points or 0.19 percent, to close at 1,849.04. The Nasdaq Composite dropped 22.346 points or 0.54 percent, to fin- ish at 4,151.23. Previous day Roundup It is a record closing of March F&O series with the Nifty ending at 6642, up 40.35 points. The Sensex was up 119.07 points at 22214.37. About 1668 shares have advanced, 1105 shares declined, and 158 shares are unchanged. SBI, Bharti Airtel, Hero Motocorp, GAIL and NTPC were big gainers in the Sensex. Among the losers were Dr Reddy's Labs, Sesa Sterlite, Tata Motors, Sun Pharma and Infosys. Nifty gained 6 percent and Bank Nifty jumped 18 percent in the March series. Index stats The Market was very volatile in yesterday’s session. The sartorial indices performed as follow Consumer Durables [up 90.82pts], Capital Goods [up 81.82pts], PSU [up 90.78pts], FMCG [up 43.77pts], Realty [up 14.73pts], Power [up 15.42pts], Auto [up 67.60pts], Healthcare [down 81.70pts], IT [down 8.53pts], Metals [down 2.43pts], TECK [up 13.34pts], Oil& Gas [up 118.23pts]. World Indices Index Value % Change D J l 16,264.23 -0.03 S&P 500 1,849.04 -0.19 NASDAQ 4,151.23 -0.54 EURO STO 3,133.75 +0.11 FTSE 100 6,588.32 -0.26 Nikkei 225 14,630.63 +0.05 Hong Kong 22,01913 +0.85 Top Gainers Company CMP Change % Chg IDFC 121.75 6.65 +5.78 SBIN 1,843.00 75.50 +4.27 PNB 705.00 25.45 +3.75 BHARTIARTL 309.00 10.45 +3.50 ULTRACEMCO 2,059.00 69.55 +3.50 Top Losers Company CMP Change % Chg RANBAXY 346.10 8.85 -2.49 DRREDDY 2590.00 43.60 -1.66 SSLT 179.70 2.75 -1.51 SUNPHARMA 558.80 7.80 -1.38 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg ACC 1314.15 20.70 +1.60 BPCL 454.65 9.50 +2.13 CROMPGREAV 161.00 1.15 +0.72 DCBANK 58.95 0.85 -1.42 Indian Indices Company CMP Change % Chg NIFTY 6,641.75 +40.35 +0.61 SENSEX 22,214.37 +119.07 +0.54 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg ESSARPORTS 48.50 0.35 0.72
  2. 2. DAILY REPORT 28th MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. PNB PNB FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 700 levels. We advise buying around 700-705 levels with strict stop loss 685 for the targets of 725 -740 levels. 2. BHARTI AIRTEL BHARTI AIRTEL FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sus- tains above 310 levels. We advise buying around 305-308 levels with strict stop loss 300 for the targets of 314 -320 levels. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. SSLAN EXPLORATION SELAN EXPLORATION is looking strong on charts. We advise buying around 500-510 levels with strict stop loss of 480 for the targets of 525-540 levels. MACRO NEWS The Supreme Court constituted monitoring committee has said Goa can sustain extraction of iron ore to the tune 27.5 million tons annually, but has recommended 20 mil- lion tons as the permissible limit. Ranbaxy , Jaiprakash Associates to be excluded from Nifty w.e.f today - United Spirits , Tech Mahindra to be included in Nifty w.e.f today. NSE to move Castrol India to rolling segment effective today -34 securities to be shifted to trade for trade segment with effective today. RBI-Extends Basel-III implementation for banks to March 31, 2019 -Eases norms for additional Tier-I equity issue under Basel-III -Basel-III capital conversation buffer effec- tive March 2016. Delay in nod to buy Essar’s assets concerns Safaricom. NTPC plans to import 15 million tonnes of coal in FY15. the CBI on Thursday charged Rajya Sabha MP of the Con- gress and owner of the Lokmat group, Vijay Darda in the coal block allocation scam along with his son. RBI may start accumulating reserves at Rs 58-60/$. RIL's gas pricing case adjourned till April 1.
  3. 3. DAILY REPORT 28th MARCH 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 0.05 14,54,085 96,79,700 NIFTY PE 6,650 2.1 8,82,809 16,34,250 NIFTY PE 6,550 0.05 3,09,264 34,05,550 BANKNIFTY PE 12,600 0.05 1,17,970 2,42,425 SBIN PE 1,800 0.05 9,839 2,21,125 RELIANCE PE 900 0.15 4,716 4,04,500 MCDOWELL-N PE 2,600 0.1 3,361 1,39,250 TATASTEEL PE 370 0.05 2,795 9,19,000 MOST ACTIVE CALL OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 6,650 0.05 11,28,568 51,07,700 NIFTY CE 6,700 0.05 8,40,151 77,05,700 NIFTY CE 6,600 37 7,86,861 15,85,250 BANKNIFTY CE 12,800 0.05 1,36,187 3,57,925 SBIN CE 1,900 45.6 7,271 4,93,125 AXISBANK CE 1,450 0.05 6,832 3,52,250 TCS CE 2,100 0.05 6,026 2,24,750 MCDOWELL-N CE 2,700 0.05 5,790 3,11,750 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 209849 6966.88 187891 6227.35 345912 11482.72 739.53 INDEX OPTIONS 701960 22841.51 674377 21870.69 1102885 36602.90 970.83 STOCK FUTURES 376833 12723.79 365993 12439.29 1049066 35069.74 284.49 STOCK OPTIONS 47509 1657.23 42789 1488.95 1897 73.17 168.28 TOTAL 2163.14 INDICES S2 S1 PIVOT R1 R2 NIFTY 6563.95 6602.85 6638.4 6677.3 6712.85 NIFTYJUNIOR 12882.33 12950.71 13018.83 13087.21 13155.33 BANK NIFTY 12374.11 12489.53 12628.51 12743.93 12882.91 STOCKS IN NEWS JP Associates in talks with Dalmia Cement to sell stake in Bhilai unit . After Honda & Maruti Suzuki, Toyota faces labour un- rest in India. DLF Cybercity MD Ramesh Sanka submits his resigna- tion. Dr Reddy's Labs plans Greenfield, Brownfield expan- sion in FY15. LT- Electrical and automation business shrunk 6% last year, See pickup in electrical and auto business order post elections. NIFTY FUTURE Nifty Future closed in the green in the last trading ses- sion. We advise buying around 6590-6600 levels with strict stop loss of 6560 for the targets of 6625-6645.
  4. 4. DAILY REPORT 28th MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER(MAY) ABOVE 43460 TGTS 43660/44010 SL 43100 SELL SILVER(MAY) BELOW 42750 TGTS 42550/42200 SL 43150 GOLD TRADING STRATEGY: BUY GOLD(APR) ABOVE 28710 TGTS 28790/28910 SL 28590 SELL GOLD(APR) BELOW 28360 TGTS 28280/28160 SL 28380 COMMODITY ROUNDUP MCX Gold futures slipped sharply today as the Indian rupee strengthened and the COMEX Gold futures continued to witness selling pressure. The metals slumped this week as the dollar rose after stronger US consumer confidence data and on expectations of higher US interest rates in the first half of 2015. COMEX Gold currently quotes at $1295.10, down $8.30 per ounce on the day. MCX Gold is trading at Rs 28400, down Rs 171 per 10 grams or 0.60% on the day. The yellow metal slipped hurriedly this week following com- ments from Charles Plosser, the president of the Philadel- phia Federal Reserve Bank. US short-term interest rates should hit 3% at the end of 2016, stated Plosser. He noted that there is a risk of volatility in the stock market as the Fed heads to the exit. The revision in the US GDP figures is making the traders in- terested making Copper recover sharply from intraday lows. COMEX Copper May expiry contract was last checked at $ 2.99 per pound, up 2 cents. The industrial metal fell to $2.877 a pound on March 19, the lowest since July 2010, amid growing concerns over the health of China's economy. The Asian nation is the world's largest copper consumer, accounting for almost 40% of world consumption last year. MCX Copper has got underpinned from day's low of Rs 397 per kg, and is now trading at Rs 401.45 per kg, up 1.1%. The markets were already getting support from upbeat U.S. durable goods orders figures on Wednesday that indicated that economy is gaining momentum in the wake of a weather-induced slowdown. Meanwhile, in China, data re- leased earlier showed mainland China industrial profits in- creased 9.4% in the two months through February year-on- year, compared with 17% growth a year earlier. Aluminium prices edged higher by 0.20% to Rs 102.10 per kg in futures trade yesterday as speculators enlarged posi- tions amid a firming trend overseas. Besides, increased de- mand at domestic spot markets also influenced the prices. At the Multi Commodity Exchange, aluminium for delivery in March rose 20 paise, or 0.20%, to Rs 102.10 per kg in a business turnover of 86 lots. Similarly, the metal for delivery in April traded higher by 20 paise, or 0.19%, to Rs 103.70 per kg in 39 lots. The rise in aluminium prices at futures trade was mostly due to a firming trend in copper and other base metals at the London Metal Exchange and rising de- mand at spot markets here. COMMODITY MCX
  5. 5. DAILY REPORT 28th MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS GUARSEED BUY GUARSEED APR ABOVE 4850 TGTS 4880,4930 SL 4800 SELL GUARSEED APR BELOW 4760 TGTS 4730,4680 SL 4810 DHANIYA BUY DHANIYA APR ABOVE 9170 TGTS 9200,9250 SL 9120 SELL DHANIYA APR BELOW 9060 TGTS 9030,8980 SL 9110 NCDEX NCDEX INDICES Index Value % Change Castor Seed 4196 +1.18 Chana 3287 +0.46 Coriander 9127 +1.55 Cotton Seed Oilcake 1498 +0.40 Jeera 10115 +0.20 Maize– Feed/Industrial Grade 1162 -1.61 Mustard seed 3441 +0.67 Soy Bean 4275 +1.75 Turmeric 6334 +0.16 GBP/INR BUY GBP-INR ABOVE 100.90 TGTS 101.13, 101.28 SL 100.62. SELL GBP-INR BELOW 100.31 TGTS 100.18,100.03 SL 100.59. JPY/INR BUY JPY-INR ABOVE 59.49 TGTS 59.62, 59.77 SL 59.21 SELL JPY-INR BELOW 59.11 TGTS 58.98. 58.83 SL 59.39 CURRENCY ROUNDUP The Indian rupee opened at 60.24 against the US dollar dur- ing early trade on Thursday and appreciated around 0.6 per- cent in yesterday’s trading session and touched at the high- est level in last eight months. The currency appreciated on the back of sustained inflow of foreign funds into the equity markets. Further, selling of dollars by exporters and banks supported an upside in the currency. Additionally, upbeat domestic market sentiments acted as a positive factor. However, sharp upside in the currency was capped due to intervention of Reserve Bank of India (RBI) buying dollars around $1 billion and swapped it in forward markets. The central bank was long been expected to start buying dollars when Rupee strengthens to add to its forex reserves of $297.29 billion which was highest since late of December 2011. The Indian Rupee touched an intra-day high of 60.06 and closed at 60.14 on Wednesday. The rupee had closed at 60.13 per dollar on Wednesday.
  6. 6. DAILY REPORT 28th MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 GBP/INR BUY GBP-INR ABOVE 100.90 TGTS 101.13, 101.28 SL 100.62. SELL GBP-INR BELOW 100.31 TGTS 100.18,100.03 SL 100.59. JPY/INR BUY JPY-INR ABOVE 59.49 TGTS 59.62, 59.77 SL 59.21 SELL JPY-INR BELOW 59.11 TGTS 58.98. 58.83 SL 59.39 CURRENCY ROUNDUP The Indian rupee opened at 60.24 against the US dollar dur- ing early trade on Thursday and appreciated around 0.6 per- cent in yesterday’s trading session and touched at the high- est level in last eight months. The currency appreciated on the back of sustained inflow of foreign funds into the equity markets. Further, selling of dollars by exporters and banks supported an upside in the currency. Additionally, upbeat domestic market sentiments acted as a positive factor. However, sharp upside in the currency was capped due to intervention of Reserve Bank of India (RBI) buying dollars around $1 billion and swapped it in forward markets. The central bank was long been expected to start buying dollars when Rupee strengthens to add to its forex reserves of $297.29 billion which was highest since late of December 2011. The Indian Rupee touched an intra-day high of 60.06 and closed at 60.14 on Wednesday. The rupee had closed at 60.13 per dollar on Wednesday. Government bond prices are likely to trend lower as market participants brace for fresh supply starting next week. The euro struggled near a three-week low against the dollar on Friday, weighed by recent dovish talk from sever ECB offi- cials. Buoyed by monetary tightening expectations, the New Zealand dollar continued its bull run, hitting a 2-1/2-year high against the greenback and a six-year peak versus the yen. The euro last traded at $1.3744, having plumbed three- week lows of $1.3728 overnight, on track to end lower for a second straight week. Against the yen, the common cur- rency stood at 140.41 yen after slipping to three-week lows of 140.19. The euro has sagged since comments this week for more ECB action came surprisingly from Germany, whose policymakers have repeatedly voiced concerns about unorthodox monetary easing. The dollar traded little changed at 102.15 yen. The green- back has hovered mostly above 102 yen, lifted from this month's trough of 101.205 yen following Yellen's com- ments. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 60.1295 Yen-100 58.8100 Euro 82.9060 GBP 99.6466
  7. 7. DAILY REPORT 28th MARCH 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 27/03/14 MCX GOLD APR. BUY 28710 28790-28910 28590 NOT EXECUTED 27/03/14 MCX GOLD APR. SELL 28360 28280-28160 28380 BOOKED PROFIT 27/03/14 MCX SILVER MAY BUY 43460 43660-44010 43100 NOT EXECUTED 27/03/14 MCX SILVER MAY SELL 42850 42650-42300 43200 BOOKED PROFIT 27/03/14 USD/INR MAR. SELL 60.47 60.34-60.19 60.75 NOT EXECUTED 27/03/14 USD/INR MAR. BUY 61.22 61.35-61.50 60.94 NOT EXECUTED 27/03/14 JPY/INR MAR. SELL 59.46 59.59-59.75 59.18 BOOKED FULL PROFIT 27/03/14 JPY/INR MAR. BUY 59.46 59.59-59.74 59.18 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 27/03/14 NIFTY FUTURE BUY 6570- 6580 6615-6645 6550 NOT EXECUTED 27/03/14 IDFC FUTURE BUY 114-115 117-119 112 BOOKED FULL PROFIT 27/03/14 DR REDDY FUTURE BUY 2650- 2660 2600-2550 2700 BOOKED PROFIT 27/03/14 HUBTOWN CASH BUY 120 130-145 110 NOT EXECUTED 25/03/14 INDUSIND BANK FUTURE BUY 490-495 505-520 480 CALL OPEN
  8. 8. DAILY REPORT 28th MARCH 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 24 9 am Markit 'flash' PMI March -- 57.1 TUESDAY, MARCH 25 9 am Case-Shiller home prices Jan. -- 13.4% y-o-y 9 am FHFA home prices Jan. -- 7.7% y-o-y 10 am Consumer confidence index March -- 78.1 10 am New home sales Feb. -- 468,000 WEDNESDAY, MARCH 26 8:30 am Durable goods orders Feb. -- -1.0% THURSDAY, MARCH 27 8:30 am Weekly jobless claims 3-22 N/A N/A 8:30 am GDP revision 4Q -- 2.4% 10 am Pending home sales Feb. -- 0.1% FRIDAY ,MARCH 28 8:30 am Personal income Feb. -- 0.3% 8:30 am Consumer spending Feb. -- 0.4% 9:55 am UMich consumer sentiment March -- 79.9

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