Stock market special report by epic research 2nd june 2014


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Epic Research provide specialized nifty future tips to nifty futures interday traders in which we give nifty levels, nifty calls along with bank nifty tips. Call 07316642300

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Stock market special report by epic research 2nd june 2014

  1. 1. DAILY REPORT 02nd JUNE 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Asian stock markets were mostly weaker today. Shanghai Composite dropped 0.0.7% while Hang Seng closed up 0.31%. Nikkei 225 dropped 0.34% after the IMF noted that Bank of Japan might need to maintain its current pace of monetary easing for an extended period. The European stocks were lower on Friday, after the re- lease of downbeat German data and as investors turned their attention to next week's European Central Bank pol- icy meeting amid growing speculation over additional eas- ing measures. During European morning trade, the DJ Euro Stoxx 50 fell 0.20%, France's CAC 40 dropped 0.56%, while Germany's DAX dipped 0.03%. The CAC 40 index of blue chip French shares fell 0.2 percent, underperforming a 0.1 percent dip on the pan-European FTSEurofirst 300 index, which had fallen to 1,377.46 points by the close. Wall Street Update Global equity markets traded mostly flat on Friday but the Dow and S&P 500 set fresh closing highs, while the dollar eased on the likelihood the European Central Bank will deliver monetary stimulus next week. Wall Street traded in a tight range as fears of overly high growth expectations offset mostly solid economic data. The S&P 500 set a re- cord closing high for the fourth time in five sessions, but the Nasdaq closed slightly lower. The DJI average closed up 18.43 points, or 0.11 percent, at 16,717.17. The S&P 500 gained 3.54 points, or 0.18 per- cent, to 1,923.57, and the Nasdaq Composite dropped 5.329 points, or 0.13 percent, to 4,242.618. Previous day Roundup Indian markets fell on Friday to mark their first weekly fall in four weeks. The Nifty ended the first day of June series on a flat-to-negative note in absence of buying support after the recent rally in the Indian markets. The S&P BSE Sensex closed at 24,217.34, down 16.81 points or 0.07 per cent. It touched a high of 24,353.59 and a low of 24,163.62 Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 139.51pts], Capital Goods [up 25.30pts], PSU [down 42.83pts], FMCG [up 90.79pts], Realty [down pts], Power [down pts], Auto [up 27.73pts], Healthcare [up 260.26pts], IT [up 35.85pts], Metals [up 53.11pts], TECK [up 24.89pts], Oil& Gas [down 14.87pts]. World Indices Index Value % Change D J l 16717.17 +0.11 S&P 500 1923.57 +0.18 NASDAQ 4242.62 -0.13 EURO STO 3244.60 -0.00 FTSE 100 6844.51 -0.39 Nikkei 225 14632.38 -0.34 Hong Kong 23081.65 +0.31 Top Gainers Company CMP Change % Chg HUL 597.30 40.85 +7.34 NTPC 161.00 8.85 +5.82 M&M 1233.05 56.10 +4.77 SUNPHARMA 608.5 21.90 +3.73 TATAPOWER 104.2 3.15 +3.12 Top Losers Company CMP Change % Chg BANKBARODA 840.00 36.80 -4.20 BPCL 518.95 17.15 -3.20 SBIN 2534.95 66.50 -2.56 POWERGRID 121.95 3.10 -2.48 INDUSINDBANK 530.75 12.00 -2.21 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg AUROPHARMA 653.20 16.15 +2.54 ESSAROIL 90.30 1.50 +1.69 M&M 1233.05 56.10 +4.77 SSLT 279.15 3.65 +1.32 TECHM 1925.00 47.25 +2.52 Indian Indices Company CMP Change % Chg NIFTY 7229.95 -5.70 -0.08 SENSEX 24,217.34 -16.81 -0.07 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg BHUSHANSTEEL 413.4 +0.30 +0.18
  2. 2. DAILY REPORT 02nd JUNE 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. BHEL [FUTURE] BHEL FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it sustains below 241 levels. We advise selling around 244-242 levels with strict stop loss 250 for the targets of 235-228 levels. 2. HINDUNI LEVER[FUTURE] HIND UNILEVER FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sus- tains above 590 levels. We advise buying around 585-590 levels with strict stop loss 570 for the targets of 600-610. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. ARVIND ARVIND LTD weak on daily chart. We advise selling below 179 levels with strict SL of 183 for the targets of 175-170 MACRO NEWS FIIs selling shares worth Rs 732cr in four sessions. FII in- vestors net sold Indian equities for fourth session Thurs- day, the longest selling streak in 2014 so far. According to HSBC, India received 41.4% flows of the total USD 18.8bn pumped in by global investors into Asia. India's GDP for the fourth quarter of the financial year 2013-2014 grew at 4.6% versus 4.9% estimated earlier. The GDP for the entire FY14 grew at 4.7%. This marks a second straight year of sub-5 percent growth - the worst slowdown in more than a quarter of a century. SunPharma’s consolidated net profit grew 56.9% YoY to Rs 1,587cr, driven by higher domestic & US revenues. Even consolidated total income rose 31.5% on yearly basis to Rs 4,058 L&T beatS estimates by posting a 69% rise in Q4 net profit, due to a steep gain in revenue from its infrastruc- ture and heavy engineering businesses. Net profit from continuing operations reached 27.23bn Indian rupees in Jan-Mar from 16.1bn rupees a year earlier. M&M posted a better-than-expected Q4 profit as strong tractor sales offset declining sales of its utility vehicles, and also helped by one-off gains. It's net profit for the Jan -Mar rose to 8.97 bn rupees vs.8.89 b rupees a year ear- lier. Net sales rose about 4.7% to 108.38 bn rupees.
  3. 3. DAILY REPORT 02nd JUNE 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 7,200 104.15 1,56,247 23,66,700 NIFTY PE 7,000 41.1 1,05,742 35,72,950 NIFTY PE 7,100 67.85 93,888 22,72,600 BANKNIFTY PE 14,000 161 15,871 1,33,375 SBIN PE 2,500 71.85 1,579 96,875 INFY PE 2,800 34 1,383 1,14,625 TATAMOTORS PE 400 7.75 1,367 3,49,000 LT PE 1,500 38 1,348 1,64,000 MOST ACTIVE CALL OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 7,400 51.05 1,44,614 37,36,800 NIFTY CE 7,300 86 1,43,787 31,24,000 NIFTY CE 7,500 28 1,43,601 46,27,200 BANKNIFTY CE 15,500 151 12,750 2,33,200 HINDUNILVR CE 600 15 4,793 6,09,000 SBIN CE 2,700 42 2,750 2,51,750 UNITECH CE 35 0.85 2,640 57,96,000 INFY CE 3,000 72.1 2,619 2,42,875 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 67635 2463.18 61775 2251.55 291729 10586.79 211.63 INDEX OPTIONS 202749 7370.59 192852 7060.06 1192246 43127.58 310.53 STOCK FUTURES 167499 5863.95 188559 6703.89 1444369 50364.22 -839.93 STOCK OPTIONS 36140 1353.94 34332 1282.87 30531 1122.73 71.07 TOTAL -246.70 INDICES R2 R1 PIVOT S1 S2 NIFTY 7,361.02 7,295.48 7,206.97 7,141.43 7,052.92 BANK NIFTY 15,270.00 15,031.70 14,870.50 14,632.20 14,471.00 STOCKS IN NEWS IVRCL plans to raise Rs 300cr to fund projects in FY15 Hindustan Motors vows to part pay wage arrears at Uttarpara TVS Motor aims to up market share in Tamil Nadu with Star City Plus. Vodafone executives meet govent, want to settle Rs 20,000 cr tax dispute International liabilities of banks rises by 36 per cent till December IFCI Ltd seeks govt nod develop FII status. NIFTY FUTURE Nifty Future closed downside in the last trading session. We advise selling around 7200 levels with strict stop loss of 7250 or the targets of 7150-7100
  4. 4. DAILY REPORT 02nd JUNE 2014 YOUR MINTVISORY Call us at +91-731-6642300 COMMODITY MCX RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER ABOVE 39800 TGT 40000,40300 SL BELOW 39500 SELL SILVER BELOW 39500 TGT 39300,39000 SL ABOVE 39800 GOLD TRADING STRATEGY: BUY GOLD ABOVE 27000 TGT 27080,27180 SL BELOW 26900 SELL GOLD BELOW 26700 TGT 26620,26520 SL ABOVE 26800 COMMODITY ROUNDUP Gold fell almost 1 percent to a near four-month low on Fri- day, extending its losing streak a fourth consecutive day, weighed down by book squaring ahead of month end and selling by commodity funds. For the week, gold lost about 3.5 percent for its worst decline since late November 2013. Heavy technical selling throughout the week sent bullion prices below USD 1,250 for the first time since February 4. Amid a weakening trend overseas, silver prices fell by 0.14% to Rs 40,071 per kg in futures trade yesterday as specula- tors reduced their exposures. At the MCX, silver for delivery in September traded lower by Rs 58, or 0.14%, to Rs 40,071 per kg in business turnover of 45 lots. On similar lines, the white metal for delivery in July declined by Rs 45, or 0.11%, to Rs 39,974 per kg in business volume of 880 lots. In the international market, silver traded 0.32% lower at $18.98 an ounce in Singapore. US crude fell as traders took profits at the end of the month, but remained underpinned by supply worries and strong gasoline demand in the United States, the world's top oil consumer. Brent also slid. Brent crude settled 56 cents lower at USD 109.41 a barrel. US light crude oil set- tled down 87 cents at USD 102.71. MCX Crude oil futures drifted lower amid a cautious session today. The global prices witnessed some profit selling as a pullback from one-month highs extended and traders cov- ered some of their recent longs ahead of the weekends. Last night's fragile US GDP reading and a tepid undertone in global stocks also kept crude under check. WTI Crude oil quotes at $103.11 per barrel, down 47 cents per barrel on the day. MCX Crude oil futures are trading at Rs 6104 per barrel, down Rs 24 per barrel on the day with a massive 35% build up in the open interest. Lead prices fell 0.16% to Rs 124.60 per kg in futures trade yesterday as off-loading of positions by speculators driven by a weak trend overseas, weighed on lead futures prices here. At MCX lead for delivery in June traded lower by 20 paise, or 0.16%, to Rs 124.30 per kg, with a turnover of 791 lots. Futures for delivery in May shed 5 paise, to trade at Rs 123.15 per kg, in a business turnover of 1,022 lots.
  5. 5. DAILY REPORT 02nd JUNE 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS DHANIYA BUY DHANIYA JUN ABOVE 9480 TGTS 9510,9560 SL 9430 SELL DHANIYA JUN BELOW 9375 TGTS 9345,9295 SL 9415 GUARSEED BUY GUARSEED JUN ABOVE 5250 TGTS 5280,5330 SL 5200 SELL GUARSEED JUN BELOW 5185 TGTS 5155,5105 SL 5225 NCDEX NCDEX INDICES Index Value % Change Castor Seed 3938 +3.69 Chana 2865 +1.52 Coriander 9485 +0.67 Cotton Seed Oilcake 1491 -2.29 Guarseed 5220 +2.25 Jeera 11130 +1.27 Mustard seed 3402 +0.06 Soy Bean 4575 -1.34 Sugar M Grade 2996 +0.03 Turmeric 6266 +1.59 NCDEX ROUNDUP Selling continued in wheat futures from higher levels due to anticipation of higher procurement in the current season along with thin offtake by millers at higher levels. The NCDEX futures declined by 0.57% yesterday. The NCDEX July futures settled at Rs 1561 per quintal in the last trading, down 0.57% from the last day. The NCDEX futures added 1.50% in open interest indicating fresh selling by traders. Chana prices rose by 1.17% to Rs 2,855 per quintal in fu- tures trade yesterday as traders enlarged their holdings driven by rising demand in spot markets. At the NCDEX, chana for June delivery rose by Rs 33, or 1.17%, to Rs 2,855 per quintal, with an open interest for 92,170 lots. Similarly, chana for delivery in July increased by Rs 32, or 1.11%, to Rs 2,918 per quintal, with an open interest of 1,08,490 lots. The rise in chana prices at futures trade was mostly on the back of fresh positions created by speculators supported by rising demand in the spot markets. Maize prices rose by Rs 20 to Rs 1,130 per quintal in futures trading yesterday largely in line with rising demand at spot market. At the NCDEX counter, maize for the delivery in June shot up by Rs 20, or 1.80%, to Rs 1,130 per quintal, with an open interest of 23,110 lots. Similarly, the July con- tracts also traded Rs 16, or 1.39%, higher at Rs 1,164 per quintal, with an open interest of 35,830 lots. Rise in demand against restricted supplies in physical markets mainly pushed up the rise in maize prices in futures trade. RECOMMENDATIONS DHANIYA BUY DHANIYA JUN ABOVE 9540 TGTS 9560,9600 SL 9505 SELL DHANIYA JUN BELOW 9450 TGTS 9430,9400 SL 9485 GUARSEED BUY GUARSEED JUN ABOVE 5280 TGTS 5310,5350 SL 5230 SELL GUARSEED JUN BELOW 5170 TGTS 5140,5100 SL 5220
  6. 6. DAILY REPORT 02nd JUNE 2014 YOUR MINTVISORY Call us at +91-731-6642300 GBP/INR BUY GBP/INR ABOVE 99.50 TGTS 99.65, 99.80 SL 99.29. SELL GBP/INR BELOW 98.92 TGTS 98.77, 98.62 SL 99.13. USD/INR BUY USD/INR ABOVE 59.46 TGTS 59.61, 59.76 SL 59.25. SELL USD/INR BELOW 58.98 TGTS 58.83, 58.68 SL 59.19. CURRENCY ROUNDUP The dollar eased against major currencies as traders tidied up books at month's end and warily awaited the ECB meet- ing next week. The US dollar index of a half dozen currency pairs was last off 0.14 percent at 80.384. The euro rose 0.24 percent to USD 1.3633. Benchmark US Treasuries yields re- treated. The yield on 10-year US Treasuries was last at 2.4750 with its price down 8/32. The rupee yesterday extended losses and fell by eight paise to end at 59.11 against the dollar dragged down by month- end importer demand of the US currency. It lost 59 paise in the past five trading sessions, logging its first weekly drop in five. In May, the rupee shed 120 paise against the dollar. The rupee yesterday commenced a little down at 59.05 a dollar from last close of 59.03 at the Interbank Forex mar- ket. It later moved in a range of 58.9250 and 59.14 before concluding at 59.11, a fall of eight paise or 0.14%. Yester- day, it was down by 10 paise or 0.17%. The rupee has fallen in five sessions out of last six. The partially convertible rupee closed at 59.10/11 per dollar compared to 59.03/04 on Thursday. On the week, the rupee fell 1 percent in its biggest weekly fall since the week to Jan. 24. On the month however, the rupee gained 2 percent. In the offshore non-deliverable forwards, the one-month con- tract was at 59.31 while the three-month was at 59.89. FIIs had pulled out Rs 522.90 cr yesterday. As per provi- sional data from bourses, FIIs bought stocks worth Rs 2,977 cr yesterday. This could have helped cap rupee's losses to some extent, say forex dealers. As forex markets were clos- ing for the day, govt data showed India's fiscal deficit during the 2013/14 fiscal year narrowed to 4.5% of GDP. Later, March quarter GDP growth came in at 4.6% year-on-year. The dollar ended Friday's session almost unchanged against the yen, after slipping lower earlier in the day following the release of some soft U.S. data on personal spending and consumer confidence. USD/JPY touched session lows of 101.51 before pulling back to 101.76 late Friday. For the week, the pair slid 0.14%. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 59.0335 Yen-100 58.1000 Euro 80.3350 GBP 98.9106
  7. 7. DAILY REPORT 02nd JUNE 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 30/05/14 MCX GOLD JUNE BUY 26950 27030-27130 26830 NOT EXECUTED 30/05/14 MCX GOLD JUNE SELL 26730 26650-26550 26830 SL TRIGGERED 30/05/14 MCX SILVER JULY BUY 40300 40500-40800 40000 NOT EXECUTED 30/05/14 MCX SILVER JULY SELL 39900 39700-39400 40200 BOOKED PROFIT 30/05/14 NCDEX GUARSEED JUNE BUY 5200 5230-5280 5150 BOOKED FULL PROFIT 30/05/14 NCDEX GUARSEED JUNE SELL 5065 5035-4985 5115 NOT EXECUTED 30/05/14 NCDEX DHANIYA JUNE BUY 9435 9455-9505 9385 BOOKED FULL PROFIT 30/05/14 NCDEX DHANIYA JUNE SELL 9405 9475-9425 9455 NOT EXECUTED 30/05/14 JPY/INR JUNE BUY 58.48 58.63-58.78 58.27 NOT EXECUTED 30/05/14 JPY/INR JUNE SELL 58.02 57.87-57.72 58.23 NOT EXECUTED 30/05/14 USD/INR JUNE SELL 58.77 58.62-58.47 58.98 NOT EXECUTED 30/05/14 USD/INR JUNE BUY 59.38 59.53-59.68 59.17 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 30/05/14 NIFTY FUTURE SELL 7230 7200-7170 7360 CALL OPEN 30/05/14 CROMPTON GREAVES FUTURE SELL 180-182 175-170 185 CALLOPEN 30/05/14 UCOBANK FUTURE BUY 106-108 110-114 104 BOOKED PROFIT 30/05/14 ADANIENT CASH SELL 448 440-432 456 NOT EXECUTED 29/05/14 SAIL FUTURE SELL 92-90 85-82 95 CALL OPEN 28/05/14 AUROPHARMA FUTURE BUY 635-640 655-670 625 BOOKED FULL PROFIT 26/05/14 EMAMI LTD CASH BUY 464 480-495 450 CALL OPEN
  8. 8. DAILY REPORT 02nd JUNE 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, JUNE 02 9:45 AM MARKIT PMI MAY -- 56.2 10 AM ISM MAY 55.2% 54.9% 10 AM CONSTRUCTION SPENDING APRIL 0.9% 0.2% TUESDAY, JUNE 03 10 AM FACTORY ORDERS APRIL -0.4% 0.9% TBA MOTOR VEHICLE SALES MAY 16.1MLN 16.0 MLN WEDNESDAY, JUNE 04 8:15 AM ADP EMPLOYMENT MAY -- 220,000 8:30 AM TRADE DEFICIT APRIL -$40.4 BLN -$40.1 BLN 8:30 AM PRODUCTIVITY Q1 -2.1% -1.7% 10 AM ISM NONMANUFACTURING MAY 55.4% 55.2% 2 PM BEIGE BOOK THURSDAY, JUNE 05 8:30 AM JOBLESS CLAIMS 5/31 N/A N/A FRIDAY, JUNE 06 8:30 AM NONFARM PAYROLLS MAY 224,000 288,000 8:30 AM UNEMPLOYMENT RATE MAY 6.4% 6.3% 3 PM CONSUMER CREDIT APRIL -- $17.5 BLN