Stock market special report by epic research 30th april 2014


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Stock market special report by epic research 30th april 2014

  1. 1. DAILY REPORT 30th APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance European shares rose on Tuesday, led by technology stocks as results from chipmaker Infineon and telecommu- nication gear maker Nokia brightened the outlook for the sector. The pan-European FTSEurofirst 300 index, was 1.2 percent higher at 1,352.42 points. The euro zone Euro STOXX 50 was up 1.4 percent at 3,208.68 points. Asian shares firmed on Wednesday after earnings-fuelled gains on Wall Street, while the euro remained under pres- sure after weaker-than-expected German inflation data raised speculation of more easing in Europe. MSCI's broad- est index of Asia-Pacific shares outside Ja- pan .MIAPJ0000PUS added 0.1 percent in early trading, while Japan's Nikkei stock average .N225 rose 0.8 percent after Tokyo markets were closed for a holiday on Tuesday. Wall Street Update US stocks rose on Tuesday, boosted by upbeat results from companies including Merck & Co and a rebound in Face- book and other high-growth shares. The Dow Jones indus- trial average rose 86.63 points or 0.53 percent, to 16,535.37, the S&P 500 gained 8.9 points or 0.48 percent, to 1,878.33 and the Nasdaq Composite added 29.14 points or 0.72 percent, to 4,103.54. US consumer confidence near 6-yr high, home prices rise. Previous day Roundup The market ended in negative terrain. The Sensex closed 165.42 points down at 22466.19 and the Nifty ended be- low 6750-mark, down 46.00 points at 6715.25. About 1253 shares advanced, 1507 shares declined, and 123 shares were unchanged. Banks, metals and autos kept the indices under pressure with Tata Steel losing 5%. HUL, Tata Power, Hindalco and Maruti were other losers in the Sensex. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 11.88pts], Capital Goods [down 93.10pts], PSU [down 45.86pts], FMCG [down 56.62pts], Realty [down 5.61 pts], Power [down 19.38pts], Auto [down 160.58pts], Health- care [down 4.77pts], IT [down 5.88pts], Metals [down 279.17pts], TECK [down 11.55pts], Oil& Gas [down 36.58pts]. World Indices Index Value % Change D J l 16535.37 +0.53 S&P 500 1815.69 -0.95 NASDAQ 4103.54 +0.72 EURO STO 3208.68 +1.35 FTSE 100 6769.91 +1.04 Nikkei 225 14321.60 +0.23 Hong Kong 22220.74 -1.04 Top Gainers Company CMP Change % Chg AMBUJACEM 203.00 2.90 +1.45 GRASIM 2,680.00 1.39 +1.39 BPCL 461.45 5.00 +1.10 ACC 1299.00 12.25 +0.95 TECHM 1839.00 13.75 +0.75 Top Losers Company CMP Change % Chg JINDALSTEL 249.00 24.65 -9.01 TATASTEEL 405.00 20.80 -4.88 HINDUNILVR 561.50 19.50 -3.36 TATAPOWER 80.45 2.50 -3.01 HINDALCO 137.40 3.85 -2.73 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg ADVANTA 185.60 7.50 -3.88 BANKBARODA 814.50 6.00 +0.73 GRANULES INDIA 367.00 20.55 +5.93 HAVELLS 938.00 14.25 -1.50 JMT AUTO 241.20 11.45 4.98 Indian Indices Company CMP Change % Chg NIFTY 6715.25 -46.00 -0.68 SENSEX 22,466.19 -165.42 -0.73 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg ABGSHIP 231.45 3.10 +1.36
  2. 2. DAILY REPORT 30th APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. HEXAWARE [FUTURE] HEXAWARE FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it sustains below 150 levels. We advise selling around 150-155 levels with strict stop loss 160 for the targets of 145-140. 2. JAIN IRRIGATION [FUTURE] JAIN IRRIGATION FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sus- tains above 85 levels. We advise buying around 85-84 levels with strict stop loss 81 for the targets of 88 - 90 levels. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. SPARC SPARC is looking strong on charts. We advise buying above 180 levels with strict stop loss of 172 for the targets of 188- 196 levels. MACRO NEWS Dabur India met street expectations with the fourth quar- ter (January-March) net profit rising 17.3 percent year-on- year to Rs 235.3 crore on revenues of Rs 1,774.4 cr.(up 15.5% Y-o-Y). India has displaced Japan to become the world's third big- gest economy in terms of purchasing power parity The Adani Group - the group that owns the country’ larg- est port infrastructure is readying to embark on the next phase of aggressive expansion plan. MCX paid Rs 709cr to FTIL & group cos. The much-awaited election results are still two weeks away but many overseas and well heeled DII are not wait- ing till then to act. FIIs have begun taking home some profits they made in the rally since mid-Feb, judging that market upsides are capped till the poll outcome. State Bank of India's $390 million three-year bullet loan has attracted six to seven banks to join with total commit- ments of around $100 million so far in general syndica- tion. The deal is expected to close in early May. Tata Motors has started sounding accounts with initial price thoughts of the 6 percent area for a potential $300 million offering of seven-year Reg S bonds.
  3. 3. DAILY REPORT 30th 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 6,500 125.8 57,982 31,17,750 NIFTY PE 6,800 251.8 54,088 27,81,500 NIFTY PE 6,700 203.75 51,716 17,80,500 BANKNIFTY PE 12,000 234 4,728 1,80,275 MCDOWELL-N PE 2,700 9.5 1,881 2,46,875 SBIN PE 2,100 129.3 1,153 39,875 AXISBANK PE 1,500 65 729 1,79,000 ICICIBANK PE 1,250 52.6 703 1,22,000 MOST ACTIVE CALL OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 7,000 135 61,098 37,66,150 NIFTY CE 7,200 75 54,847 18,97,350 NIFTY CE 6,800 217.5 53,024 27,77,450 BANKNIFTY CE 14,000 232.25 8,931 1,65,150 UNITECH CE 20 0.85 2,640 1,08,72,000 SBIN CE 2,100 96.2 2,518 1,78,750 MCDOWELL-N CE 2,850 21.55 2,094 3,34,875 RELIANCE CE 1,000 20.6 1,676 10,10,250 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 55073 1850.86 67524 2278.42 249096 8374.33 -427.56 INDEX OPTIONS 157470 5263.64 168789 5696.26 1204231 40372.73 -432.63 STOCK FUTURES 79274 2500.59 100610 3191.11 1213311 37546.15 -690.51 STOCK OPTIONS 21672 720.39 21728 721.80 36403 1137.78 -1.40 TOTAL -1552.10 INDICES R2 R1 PIVOT S1 S2 NIFTY 6,805.58 6,760.42 6,734.53 6,689.37 6,663.48 BANK NIFTY 13,204.35 13,057.45 12,977.40 12,830.50 12,750.45 STOCKS IN NEWS Govt in a bind over HDFC Bank's FII proposal. Tata Group to encourage and enhance innovation across business sectors and companies. Sesa Sterlite says copper processing charges to stay robust. RIL asks Oil Min to announce gas price on May 13 IRB Infra bags Rs 3,200cr road project in MH. SpiceJet to launch biggest advertising campaign for image makeover. AP HC puts clearance for Sun-Ranbaxy deal on hold. NIFTY FUTURE Nifty Future closed in the red in the last trading session. We advise selling around 6820-6800 levels with strict stop loss of 6850 for the targets of 6760-6720
  4. 4. DAILY REPORT 30th APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER(MAY) ABOVE 42200 TGTS 42500/42800 SL 41900 SELL SILVER(MAY) BELOW 41700 TGTS 41500/41200 SL 42000 GOLD TRADING STRATEGY: BUY GOLD(JUN) ABOVE 28850 TGTS 28930/29030 SL 28730 SELL GOLD(JUN) BELOW 28690 TGTS 28610/28510 SL 28800 COMMODITY ROUNDUP Gold prices fell by Rs 130 to Rs. 30,600 per 10 grams in the national capital on Tuesday on selling by stockists in tandem with a weak global trend. Silver, on the other hand, rose by Rs 100 to Rs. 43,400 per kg on increased industrial demand. Stockists selling in line with a weak global trend on specula- tion that the Federal Reserve will further reduce monetary stimulus led to decline in gold prices. Gold in Singapore, which normally sets price trend on the domestic front, fell 0.2 percent to USD 1,293.68 an ounce. spot gold was steady on the day at $1,295.80 an ounce. U.S. crude slipped 0.7 percent to $100.58 per barrel. The prices of Copper declined for the second straight day, as supplies from key levels never led the prices move higher. The consolidation phase for Copper is looking more and more on the cards now after the price moves on Tues- day. The worries of World markets turning into production surplus after four consecutive years of deficits is also mak- ing markets nervous. MCX Copper traded at Rs 416.1 per kg. The prices have tested a low of Rs 415.5 per kg after testing a high of Rs 417.7 per kg in the early part of the day. Alu- minium also contracted by 1.06% to Rs 107.7 per kg. At 16:04 hrs MCX SILVERM April contract was trading at Rs 41909 down Rs 570, or 1.34 percent. The SILVERM rate touched an intraday high of Rs 42375 and an intraday low of Rs 41854. So far 13646 contracts have been traded. SILVERM prices have moved down Rs 1091, or 2.54 percent in the April series so far. Lead prices softened by 0.59%t to Rs 126.35 per kg in fu- tures trading yesterday as speculators reduced positions on the back of weak demand from battery-makers in the spot market. At the Multi Commodity Exchange, lead for delivery in April declined by 75 paise, or 0.59%t, to Rs 126.35 per kg in a business turnover of 3,651 lots. Likewise, the metal for delivery in May traded lower by 75 paise, or 0.58%t, to Rs 127.90 per kg in 1,117 lots. Speculators trimmed positions on the back of weak demand from battery-makers in the spot market which mainly influenced lead prices at futures trade. COMMODITY MCX
  5. 5. DAILY REPORT 30th APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS DHANIYA BUY DHANIYA ABOVE 9475 TGTS 9505,9555 SL 9425 SELL DHANIYA BELOW 9400 TGTS 9370,9320 SL 9450 GUARSEED BUY GUARSEED ABOVE 5640 TGTS 5670,5720 SL 5590 SELL GUARSEED BELOW 5500 TGTS 5470,5420 SL 5550 NCDEX NCDEX INDICES Index Value % Change Castor Seed 4080 -0.75 Chana 3104 -0.70 Coriander 9440 +0.53 Cotton Seed Oilcake 1583 -0.50 Jeera 5540 +1.19 Maize– Feed/Industrial Grade 10475 -1.60 Mustard seed 3560 -1.06 Soy Bean 4793.5 -0.85 Turmeric 6900 -157 NCDEX ROUNDUP Fresh stockiest selling in local mandies along with waning export demand added bearish sentiments in jeera futures yesterday. The NCDEX futures slumped by 1.68% from their intraday highs. The market sources suggest that higher pro- duction in the current year will keep jeera prices under- check at higher levels. Traders estimated that the total do- mestic jeera production at 55-60 lakh bags in the current year against the previous estimates of 45-48 lakh bags. This is mainly due to strong production estimates in Gujarat.The NCDEX Jeera May futures settled at Rs 10475, down 1.68% today. The NCDEX contract pared 2.60% in open interest indicating selling by stockiest. Bargain buying was seen in mentha oil futures from lower levels due to weak sowing progress in local mandies along with strong export demand in local mandies. The MCX fu- tures swelled by 1.28% yesterday. The prices were also sup- ported by strong export demand in local mandies. Traders mentioned that the total exports of mentha oil for the full year April 1, 2013 to March 31,2014 are likely to surpass the previous record of 20,500 tonne , ie. reported in 2008. It is expected that the total exports is likely to reach in the range of 21000 to 21500 tonnes as most of exporters are showing strong buying participation at current levels with the antici- pation of limited supplies in next marketing season .The MCX April Mentha oil futures added 1.28% yesterday to close at Rs 836 per kg. The MCX futures reduced 40% indi- cating short covering by traders.
  6. 6. DAILY REPORT 30th APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 EUR/INR SELL EUR/INR BELOW 84.00 TGTS 83.86,83.71 SL 84.22. BUY EUR/INR ABOVE 84.52 TGTS 84.66,84.81 SL 84.30. GBP/INR SELL GBP/INR BELOW 101.90 TGTS 101.76, 101.61 SL 102.12. BUY GBP/INR ABOVE 102.47 TGTS 102.61,102.76 SL 102.25. CURRENCY ROUNDUP The dollar was slightly lower against the yen at 102.57, but remained in sight of a three-week high of 102.79 yen hit on Tuesday. Against a basket of currencies, the dollar .DXY edged down to 79.794. The euro nursed broad losses early on Wednesday, having been put under pressure by soft German inflation numbers while the yen stayed on the defensive ahead of a policy de- cision by the Bank of Japan. The Reserve Bank of India said on Tuesday it accepted all 58 bids for 216.91 billion rupees at its one-day repo auction, through which it injects liquidity into the banking system. Indian banks' refinancing with RBI rises to 528.55 billion ru- pees. Indian banks' cash balances with RBI rise to 3.44 tril- lion rupees. The euro pushed higher against the dollar on Tuesday, to trade near the two-week highs struck in the previous ses- sion, but gains were checked ahead of the upcoming euro zone inflation report for April. The Euro quotes at $1,386, up 0.01% over last close. US Dollar Index quotes at 79.73, down 0.04 points from prior day close. The Indian rupee strengthened on Tuesday on large dollar sales from companies, including exporters, while gains in Asian currencies helped support sentiment ahead of the outcome of the Federal Reserve's meeting this week. The partially convertible rupee closed at 60.42/43 per dollar compared with 60.6450/65 on Monday. Large corporate dollar sales helped offset continued month-end demand for the greenback from oil companies. Global investors are largely awaiting the outcome of the two-day Federal Reserve's policy meeting on Wednesday, with the U.S. central bank widely expected to continue par- ing back its bond-buying monetary stimulus. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 60.5253 Yen-100 59.0100 Euro 83.9160 GBP 101.7733
  7. 7. DAILY REPORT 30th 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 29/04/14 MCX GOLD JUNE BUY 29100 29180-29280 29000 NOT EXECUTED 29/04/14 MCX GOLD JUNE SELL 28800 29720-29620 28900 BOOOKED PROFIT 29/04/14 MCX SILVER MAY BUY 42750 43000-43350 42450 NOT EXECUTED 29/04/14 MCX SILVER MAY SELL 42250 42000-41650 42550 BOOKED PROFIT 29/04/14 NCDEX GUARSEED MAY BUY 5485 5515-5565 5435 BOOKED PROFIT 29/04/14 NCDEX GUARSEED MAY SELL 5330 5300-5250 5380 SL TRIGGERED 29/04/14 NCDEX DHANIYA MAY BUY 9420 9450-9500 9370 BOOKED PROFIT 29/04/14 NCDEX DHANIYA MAY SELL 9320 9290-9240 9370 NOT EXECUTED 29/04/14 JPY/INR MAY BUY 60.01 60.15-60.30 59.76 NOT EXECUTED 29/04/14 JPY/INR MAY SELL 59.52 59.38-59.23 59.77 NOT EXECUTED 29/04/14 EUR/INR MAY SELL 84.18 84.04-83.89 84.43 NO PROFIT NO LOSS 29/04/14 EUR/INR MAY BUY 84.69 84.83-84.98 84.44 NOT EXECUTED 28/04/14 MCX GOLD JUNE BUY 29000 29080-29200 28900 NOT EXECUTED 28/04/14 MCX GOLD JUNE SELL 2885 28770-28650 28980 NOT EXECUTED 28/04/14 MCX SILVER MAY BUY 43000 43250-43600 42700 NOT EXECUTED 28/04/14 MCX SILVER MAY SELL 42400 42150-41800 42700 SL TRIGGERED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 29/04/14 NIFTY FUTURE SELL 6790 6765-6715 6835 BOOKED PROFIT 29/04/14 ALLAHBAD BANK FUTURE BUY 104 107-110 100 NOT EXECUTED 29/04/14 ASIAN PAINTS FUTURE SELL 500 490-475 512 CALL OPEN 29/04/14 BATAINDIA CASH BUY 1115 1130-1150 1090 NOT EXCUTED 25/04/14 NIFTY FUTURE BUY 6820-6840 6890-6920 6780 SL TRIGGERED 23/04/14 NIFTY FUTURE BUY 6800-6820 6860-6890 6770 SL TRIGGERED 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 30th 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 28 10 AM PENDING HOME SALES MARCH -- -0.8% TUESDAY, APRIL 29 9 AM CASE-SHILLER HOME PRICES FEB. -- 13.2% Y-O-Y 10 AM CONSUMER CONFIDENCE INDEX APRIL 83.0 82.3 10 AM RENTAL VACANCY RATE Q1 -- 8.2% WEDNESDAY, APRIL 30 8:15 AM ADP EMPLOYMENT APRIL -- 191,000 8:30 AM GDP 1Q 1.0% 2.6% 8:30 AM EMPLOYMENT COST INDEX 1Q 0.5% 0.5% 9;45 AM CHICAGO PMI APRIL 56.5 55.9 2 PM FOMC STATEMENT THURSDAY, MAY 01 8:30 AM JOBLESS CLAIMS 4/26 N/A N/A 8:30 AM PERSONAL INCOME MARCH 0.4% 0.3% 8:30 AM CONSUMER SPENDING MARCH 0.5% 0.3% 9:45 AM MARKIT PMI APRIL -- N/A 10 AM ISM APRIL 54.0% 53.7% 10 AM CONSTRUCTION SPENDING MARCH 0.7% 0.1% TBA MOTOR VEHICLE SALES APRIL 16.2 MLN 16.3 MLN FRIDAY, MAY 02 8:30 AM NONFARM PAYROLLS APRIL 210,000 192,000 8:30 AM UNEMPLOYMENT RATE APRIL 6.6% 6.7% 10 AM FACTORY ORDERS MARCH 1.5% 1.6%