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DAILY REPORT
30th
MAY 2014
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance
Asian shares inched up to a one-year high on Thursday
while global bond prices surged, pushing their yields to
multi-month lows, supported by expectations of easier
monetary policy from the European Central Bank. MSCI's
broadest index of Asia-Pacific shares outside Japan rose
0.15%, led by gains in Hong Kong and Singapore shares
and hitting one-year highs for the fifth time in the last six
sessions. Japan's Nikkei share average gained 0.1%.
Though equities were mixed on Friday following another
record finish for the S&P 500 overnight and economic data
from Japan.
European shares held near multi-year highs on Thursday,
with the region's main stock markets supported by pros-
pects of new economic stimulus next week from the Euro-
pean Central Bank.
Wall Street Update
US stocks rose on Thursday and the benchmark S&P 500
index hit a record intraday high for the third straight day as
traders bet on improvement in the second quarter even as
data showed the world's largest economy contracted in
the first quarter. Global bond yields remain in focus after
benchmark US Treasury yields fell to eleven-month lows
while German bond yields traded at one-year lows.
The Dow Jones industrial average rose 16.96 points or 0.1
percent, to 16,650.14, the S&P 500 gained 5.63 points or
0.29 percent, to 1,915.41 and the Nasdaq Composite
added 14.40 points or 0.34 percent, to 4,239.47.
Previous day Roundup
Market slumped on May series futures and options con-
tracts expiry day as investors rolled over positions into the
near-term June series. It was a day of the bears as the
Nifty tanked 94 points to end at 7235.65. The Sensex was
down 321.94 points at 24234.15. About 1390 shares have
advanced, 1556 shares declined, and 115 shares are un-
changed.
Index stats
The Market was very volatile in last session. The sartorial
indices performed as follow; Consumer Durables [down
88.03pts], Capital Goods [down 222.77pts], PSU [down
98.61pts], FMCG [up pts], Realty [down 25.74pts], Power
[down 25.16pts], Auto [down 25.62pts], Healthcare [up
2.01pts], IT [up 299.79pts], Metals [down 107.46pts], TECK
[down 144.79pts], Oil& Gas [down 180.75pts].
World Indices
Index Value % Change
D J l 16698.74 +0.39
S&P 500 1920.03 +0.54
NASDAQ 4247.95 +0.54
EURO STO 3,244.66 +0.05
FTSE 100 6,871.29 +0.29
Nikkei 225 14,642.59 -027
Hong Kong 23,050.94 +0.18
Top Gainers
Company CMP Change % Chg
HINDALCO 149.65 2.445 +1.66
DRREDDY 2385.00 33.40 +1.42
NTPC 152.95 1.50 +0.99
M&M 1172.95 11.35 +0.98
SUNPHARMA 588.55 4.45 +0.76
Top Losers
Company CMP Change % Chg
INFY 2921.30 103.70 -3.43
JINDALSTEL 297.00 10.35 -3.37
AMBUJACEM 212.9 6.70 -3.05
HCLTECH 1398.40 42.05 -2.92
IDFC 127.60 3.80 -2.89
Stocks at 52 Week’s high
Symbol Prev. Close Change %Chg
ADVANTA 274.95 8.15 +3.05
AMTEKAUTO 198.50 0.25 -0.13
BHARATFORG 511.20 10.40 +2.08
ORIENTAL BANK 351.00 0.20 +0.06
TVSMOTOR 135 1.15 -0.84
Indian Indices
Company CMP Change % Chg
NIFTY 7235.65 -94.00 -1.28
SENSEX 24234.15 -321.94 -1.31
Stocks at 52 Week’s Low
Symbol Prev. Close Change %Chg
BHUSHANSTEEL 413.4 +0.30 +0.18
DAILY REPORT
30th
MAY 2014
YOUR MINTVISORY Call us at +91-731-6642300
STOCK RECOMMENDATIONS [FUTURE]
1. CROMPTON GREAVES [FUTURE]
CROMPTON GREAVES FUTURE is looking weak on charts,
short build up has been seen, we may see more downside,
if it sustains below 180 levels. We advise selling around 180
-182 levels with strict stop loss 185 for the targets of 175-
170.
2. UCO BANK [FUTURE]
UCO BANK FUTURE is looking strong on charts, long build
up has been seen, we may see more upside, if it sustains
above 105 levels. We advise buying around 106-108 levels
with strict stop loss 104 for the targets of 110-114 levels.
EQUITY CASH & FUTURE
STOCK RECOMMENDATION [CASH]
1. ADANI ENTERPRIZES
ADANI ENTERPRISE weak on daily chart. We advise selling
below 448 levels with strict stop loss of 456 for the targets
of 440-432
MACRO NEWS
Coal India Net profit fell 18% to Rs 4,434 cr in the quarter
ended March 2014 from Rs 5,413.9 cr in same quarter last
year due to slow growth in revenue and weak operational
performance.
Hindalco Industries reported 48.5% fall in fourth quarter
net profit at Rs 248 crore (on standalone basis) due to
exceptional loss of Rs 396 crore. It had a profit of Rs 482
crore in the same quarter last year.
Sun Pharmaceutical Q4 (Jan-March) consolidated net
profit grew 56.9% YoY to Rs 1,587 cr (beat forecast),
driven by higher domestic as well as US revenues.
ONGC Net profit increased toRs. 4,889 crore although
revenue dipped by 2.3% to Rs.21,403 crore.
Tata Motors Q4 consolidated net profit falling 0.7% to Rs
3,918 cr compared to same quarter last year due to lower
growth in JLR's topline & bottomline and weak domestic
business. Revenue grew 16.6 percent on yearly basis to Rs
65,317cr for the quarter ended March 2014.
IOC aims to start crude processing at Paradip refinery by
August-September .
Coal demand falls globally.
Monthly diesel price hikes likely to continue.
Yes Bank starts shares sale to raise up to USD 500 mn.
DAILY REPORT
30th
MAY 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 7,300 66.2 10,09,075 15,10,250
NIFTY PE 7,250 14.8 7,70,479 13,20,800
NIFTY PE 7,200 0.05 3,89,100 52,15,050
BANKNIFTY PE 15,000 0.1 1,11,178 3,96,875
INFY PE 2,900 0.1 12,316 3,21,500
SBIN PE 2,600 0.2 9,728 2,35,750
MCDOWELL-N PE 2,800 0.05 7,450 6,85,250
DLF PE 200 0.05 2,362 13,42,000
MOST ACTIVE CALL OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 7,300 0.05 12,37,882 76,84,250
NIFTY CE 7,350 0.05 6,85,521 47,05,450
NIFTY CE 7,400 0.05 6,12,586 73,97,000
BANKNIFTY CE 15,200 0.05 85,531 3,73,400
INFY CE 3,000 0.05 16,427 4,95,375
MCDOWELL-N CE 2,850 0.1 9,995 4,84,625
SBIN CE 2,640 0.05 8,815 2,27,375
RELIANCE CE 1,100 0.05 6,918 11,20,000
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 186078 6829.82 189134 6929.84 244389 8944.31 -100.02
INDEX OPTIONS 594081 21681.72 545983 19988.27 1129203 40876.28 1693.45
STOCK FUTURES 402682 14475.34 482151 17395.51 1432873 50290.02 -2920.17
STOCK OPTIONS 75092 2816.25 73437 2772.95 6995 271.35 43.30
TOTAL -1283.44
INDICES R2 R1 PIVOT S1 S2
NIFTY 7,340.27 7,332.33 7,317.47 7,309.53 7,294.67
BANK NIFTY 15,344.43 15,187.37 15,097.43 14,940.37 14,850.43
STOCKS IN NEWS
Indian Oil profit drops 35% as refining margins shrink
National Fertilizers Q4 net loss narrows to Rs 9.80cr.
Ipca Lab Q4 net profit up 84% at Rs 137 cr.
Bajaj Electricals reports Rs 10.65 crore loss in Q4.
L&T Construction wins orders worth Rs 2,458 crore
Sesa Sterlite, a Vedanta group company, buying the
residual stake in Hindustan Zinc.
Marico reports 17% revenue growth in Q4.
Tesco is to open stores in a joint venture with Tata's
Trent Hypermarket.
NIFTY FUTURE
Nifty Future closed downside in the last trading session.
We advise selling around 7230 levels with strict stop loss
of 7360 or the targets of 7200-7170
DAILY REPORT
30th
MAY 2014
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
SILVER
TRADING STRATEGY:
BUY SILVER ABOVE 40300 TGT 40500,40800 SL BELOW
40000
SELL SILVER BELOW 39900 TGT 39700,39400 SL ABOVE
40200
GOLD
TRADING STRATEGY:
BUY GOLD ABOVE 26950 TGT 27030,27130 SL BELOW
26850
SELL GOLD BELOW 26730 TGT 26650,26550 SL ABOVE
26830
COMMODITY ROUNDUP
Extending its downward journey for the fourth straight ses-
sion, gold prices tumbled by Rs 200 to hit nearly 11-month
low of Rs 27,500 per ten grams in the national capital today
amid a weak trend in global markets. Besides, subdued de-
mand from jewellers and retailers and a weak trend in fu-
tures trade also weighed on gold prices. Silver also re-
mained under pressure for the fifth straight day and fell by
Rs 500 to Rs 40,500 per kg.
Gold hits 11-month low of Rs 27,500 on weak global cues
Extending its downward journey for the fourth straight ses-
sion, gold prices tumbled by Rs 200 to hit nearly 11-month
low of Rs 27,500 per ten grams in the national capital today
amid a weak trend in global markets. Besides, subdued de-
mand from jewellers and retailers and a weak trend in fu-
tures trade also weighed on gold prices. Silver also re-
mained under pressure for the fifth straight day and fell by
Rs 500 to Rs 40,500 per kg.
U.S. crude prices rose on Thursday after government inven-
tory data showed a sharp drawdown in gasoline that out-
weighed a build in overall crude stocks, while Brent edged
up supported by the low Libyan output and the Ukraine cri-
sis. U.S. benchmark Treasury yields inched up from 11-
month lows on Thursday as data showed the U.S. economy
shrank for the first time in three years in the first quarter
but did not alter the view of a solid rebound this spring.
Nickel prices fell 1.77% to Rs 1,116.20 per kg in futures
trade yesterday as speculators offloaded positions on the
back of weak global trend and sluggish domestic demand.
At the MCX nickel for delivery in May declined by Rs 20.10,
or 1.77%, to Rs 1,116.20 per kg in a business turnover of
3,446 lots. Similarly, the metal for delivery in June traded
lower by Rs 19.90, or 1.75%, to Rs 1,120 per kg in 1,323 lots.
Offloading of positions by speculators due to sluggish de-
mand from alloy-makers in the domestic spot markets and
weak global trend pulled down nickel prices at futures
trade. Meanwhile, nickel dropped 1.5% to $19,031 a tonne
on the LME.
Zinc prices drifted by 0.74% to Rs 121.50 per kg in futures
trade yesterday as speculators trimmed positions after de-
mand eased in the spot markets. Also, weak trend in other
base metals in global markets influenced the sentiment. At
the X, zinc for delivery in May shed 90 paise, or 0.74%, to Rs
121.50 per kg in a business turnover of 757 lots.
COMMODITY MCX
DAILY REPORT
30th
MAY 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 3810 +0.05
Chana 2823 -0.07
Coriander 9414 +0.21
Cotton Seed Oilcake 1505 +0.74
Guarseed 5105 -2.02
Jeera 10990 +0.14
Mustard seed 3396 -0.53
Soy Bean 4648 +1.24
Sugar M Grade 2991 -0.40
Turmeric 6170 +2.49
NCDEX ROUNDUP
Potato prices fell by 0.76% to Rs 1,314.50 per quintal in fu-
tures trade yesterday as speculators offloaded positions on
weak trend in spot markets. At the MCX, potato for June
delivery fell by Rs 10.20, or 0.76%, to Rs 1,314.50 per quin-
tal, with a business volume of 52 lots. Similarly, potato for
delivery in May traded lower by Rs 5.20, or 0.40%, to Rs
1,270 per quintal, with a trade volume of seven lots. The fall
in potato prices was mostly due to subdued demand in the
spot markets.
Sugar prices fell 0.57% to Rs 2,986 per quintal in futures
trading today as speculators indulged in reducing positions
on the back of subdued demand from bulk consumer in the
spot markets. Furthermore, adequate stocks following
higher supplies from millers also put pressure on the prices
of the sweetener. At the NCDEX, sugar for delivery in June
declined by Rs 17, or 0.57%, to Rs 2,986 per quintal with an
open interest of 41,920 lots.
To counter the shortage of onion post the monsoon season,
Madhya Pradesh government is formulating a plan to ar-
range cultivation onion during this Kharif season. The com-
modity remains in short supply each year during monsoon
and post monsoon.
RECOMMENDATIONS
DHANIYA
BUY DHANIYA JUN ABOVE 9435 TGTS 9455,9505 SL 9385
SELL DHANIYA JUN BELOW 9405 TGTS 9475,9425 SL 9455
GUARSEED
BUY GUARSEED JUN ABOVE 5200 TGTS 5230,5280 SL 5150
SELL GUARSEED JUN BELOW 5065 TGTS 5035,4985 SL 5115
DAILY REPORT
30th
MAY 2014
YOUR MINTVISORY Call us at +91-731-6642300
JPY/INR
BUY JPY/INR ABOVE 58.48 TGTS 58.63, 58.78 SL 58.27.
SELL JPY/INR BELOW 58.02 TGTS 57.87, 57.72 SL 58.23.
USD/INR
BUY USD/INR ABOVE 59.38 TGTS 59.53, 59.68 SL 59.17.
SELL USD/INR BELOW 58.77 TGTS 58.62, 58.47 SL 58.98.
CURRENCY ROUNDUP
The Indian rupee weakened for a fourth session in five on
Thursday as continued month-end dollar demand from oil
importers and weaker domestic shares offset the dollar
selling seen from corporates in early trade. The partially
convertible rupee closed at 59.03/04 per dollar compared
to 58.93/94 on Wednesday. In the offshore non-
deliverable forwards, the one-month contract was at 59.26
while the three-month was at 59.83.
India to sell 160-bn-rupee of bonds on May 30. The Re-
serve Bank of India said on Thursday it accepted all 18 bids
for 98.57 billion rupees ($1.67 billion) at its one-day repo
auction, through which it injects liquidity into the banking
system. Indian banks' refinancing with RBI falls to 289.53
billion rupees. Indian banks' cash balances with RBI fall to
3.23 trillion rupees. bond markets are likely to focus on the
outcome of the new 14-year government bond auction
today.
The yen nursed modest losses early in Asia on Friday, hav-
ing retreated from multi-month highs against the euro as
investors booked some profit before the weekend.
The pound was steady close to six-week lows against the
dollar on Thursday, one day after posting its largest one-
day decline in four months amid concerns that the U.K.
housing market could be losing some momentum. GBP/
USD hit lows of 1.6691, the lowest level since April 15 and
was last at 1.6705.
The euro's gains were held in check amid mounting expec-
tations that the European Central Bank will ease monetary
policy at its upcoming meeting next week, in order to safe-
guard the fragile recovery in the euro area. sterling was
near one-week lows against the euro, with EUR/GBP at
0.8134, just below Wednesday's highs of 0.8142.
CURRENCY
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 58.8415 Yen-100 57.8500
Euro 80.0315 GBP 98.4065
DAILY REPORT
30th
MAY 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
29/05/14 MCX GOLD JUNE BUY 26900 26980-27080 26800 SL TRIGGERED
29/05/14 MCX GOLD JUNE SELL 26730 26650-26550 26830 BOOKED PROFIT
29/05/14 MCX SILVER JULY BUY 40300 40500-40800 4000 NOT EXECUTED
29/05/14 MCX SILVER JULY SELL 40000 39800-39500 40300 BOOKED PROFIT
29/05/14 NCDEX GUARSEED JUNE BUY 5250 5280-5330 5200 NOT EXECUTED
29/05/14 NCDEX GUARSEED JUNE SELL 5195 5165-5115 5245
BOOKED FULL
PROFIT
29/05/14 NCDEX DHANIYA JUNE BUY 9475 9505-9555 9425
BOOKED FULL
PROFIT
29/05/14 NCDEX DHANIYA JUNE SELL 9380 9350-9300 9430 NOT EXECUTED
29/05/14 EUR/INR JUNE BUY 80.99 81.05-81.20 80.78 NOT EXECUTED
29/05/14 EUR/INR JUNE SELL 80.45 80.30-80.15 80.66 BOOKED PROFIT
29/05/14 GBP/INR JUNE SELL 98.94 98.79-98.64 99.15 BOOKED PROFIT
29/05/14 GBP/INR JUNE BUY 99.58 99.73-99.88 99.37 NOT EXECUTED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
29/05/14 NIFTY FUTURE BUY 7350 7380-7410 7320 NOT EXECUTED
29/05/14 SAIL FUTURE SELL 92-90 85-82 95 CALL OPEN
29/05/14 ORIENTAL BANK FUTURE BUY 345-350 360-375 335
BOOKED FULL
PROFIT
29/05/14 AMBUJACEM CASH BUY 221 225-230 216 NOT EXECUTED
28/05/14 AUROPHARMA FUTURE BUY 635-640 655-670 625 CALL OPEN
28/05/14 PIDILITE IND CASH SELL 319 315-310 325
BOOKED FULL
PROFIT
27/05/14 ARVIND FUTURE SELL 188-190 182-178 195 BOOKED PROFIT
26/05/14 EMAMI LTD CASH BUY 464 480-495 450 CALL OPEN
23/05/14 ZEE FUTURE SELL 276-275 265-260 285
BOOKED FULL
PROFIT
DAILY REPORT
30th
MAY 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-
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Disclaimer
TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS
MONDAY, MAY 26
MEMORIAL DAY NONE SCHEDULED
TUESDAY, MAY 27
8:30 AM DURABLE GOODS ORDERS APRIL 0.4% 2.5%
9 AM CASE-SHILLER HOME PRICE INDEX MARCH -- 12.9% YOY
9 AM FHFA HOME PRICE INDEX MARCH -- 6.9% YOY
10 AM CONSUMER CONFIDENCE INDEX MAY 83.0 83.2
WEDNESDAY, MAY 28
NONE SCHEDULED
THURSDAY, MAY 29
8:30 AM JOBLESS CLAIMS 5/24 N/A N/A
8:30 AM GDP REVISION Q1 -0.6% -0.1%
10 AM PENDING HOME SALES APRIL -- 3.4%
FRIDAY, MAY 30
8:30 AM PERSONAL INCOME APRIL 0.4% 0.5%
8:30 AM CONSUMER SPENDING APRIL 0.2% 0.9%
9:45 AM CHICAGO PMI MAY 60.8 63.0
10 AM UMICH CONSUMER SENTIMENT INDEX MAY 82.5 81.8

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Stock market special report by epic research 30th may 2014

  • 1. DAILY REPORT 30th MAY 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Asian shares inched up to a one-year high on Thursday while global bond prices surged, pushing their yields to multi-month lows, supported by expectations of easier monetary policy from the European Central Bank. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.15%, led by gains in Hong Kong and Singapore shares and hitting one-year highs for the fifth time in the last six sessions. Japan's Nikkei share average gained 0.1%. Though equities were mixed on Friday following another record finish for the S&P 500 overnight and economic data from Japan. European shares held near multi-year highs on Thursday, with the region's main stock markets supported by pros- pects of new economic stimulus next week from the Euro- pean Central Bank. Wall Street Update US stocks rose on Thursday and the benchmark S&P 500 index hit a record intraday high for the third straight day as traders bet on improvement in the second quarter even as data showed the world's largest economy contracted in the first quarter. Global bond yields remain in focus after benchmark US Treasury yields fell to eleven-month lows while German bond yields traded at one-year lows. The Dow Jones industrial average rose 16.96 points or 0.1 percent, to 16,650.14, the S&P 500 gained 5.63 points or 0.29 percent, to 1,915.41 and the Nasdaq Composite added 14.40 points or 0.34 percent, to 4,239.47. Previous day Roundup Market slumped on May series futures and options con- tracts expiry day as investors rolled over positions into the near-term June series. It was a day of the bears as the Nifty tanked 94 points to end at 7235.65. The Sensex was down 321.94 points at 24234.15. About 1390 shares have advanced, 1556 shares declined, and 115 shares are un- changed. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 88.03pts], Capital Goods [down 222.77pts], PSU [down 98.61pts], FMCG [up pts], Realty [down 25.74pts], Power [down 25.16pts], Auto [down 25.62pts], Healthcare [up 2.01pts], IT [up 299.79pts], Metals [down 107.46pts], TECK [down 144.79pts], Oil& Gas [down 180.75pts]. World Indices Index Value % Change D J l 16698.74 +0.39 S&P 500 1920.03 +0.54 NASDAQ 4247.95 +0.54 EURO STO 3,244.66 +0.05 FTSE 100 6,871.29 +0.29 Nikkei 225 14,642.59 -027 Hong Kong 23,050.94 +0.18 Top Gainers Company CMP Change % Chg HINDALCO 149.65 2.445 +1.66 DRREDDY 2385.00 33.40 +1.42 NTPC 152.95 1.50 +0.99 M&M 1172.95 11.35 +0.98 SUNPHARMA 588.55 4.45 +0.76 Top Losers Company CMP Change % Chg INFY 2921.30 103.70 -3.43 JINDALSTEL 297.00 10.35 -3.37 AMBUJACEM 212.9 6.70 -3.05 HCLTECH 1398.40 42.05 -2.92 IDFC 127.60 3.80 -2.89 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg ADVANTA 274.95 8.15 +3.05 AMTEKAUTO 198.50 0.25 -0.13 BHARATFORG 511.20 10.40 +2.08 ORIENTAL BANK 351.00 0.20 +0.06 TVSMOTOR 135 1.15 -0.84 Indian Indices Company CMP Change % Chg NIFTY 7235.65 -94.00 -1.28 SENSEX 24234.15 -321.94 -1.31 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg BHUSHANSTEEL 413.4 +0.30 +0.18
  • 2. DAILY REPORT 30th MAY 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. CROMPTON GREAVES [FUTURE] CROMPTON GREAVES FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it sustains below 180 levels. We advise selling around 180 -182 levels with strict stop loss 185 for the targets of 175- 170. 2. UCO BANK [FUTURE] UCO BANK FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 105 levels. We advise buying around 106-108 levels with strict stop loss 104 for the targets of 110-114 levels. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. ADANI ENTERPRIZES ADANI ENTERPRISE weak on daily chart. We advise selling below 448 levels with strict stop loss of 456 for the targets of 440-432 MACRO NEWS Coal India Net profit fell 18% to Rs 4,434 cr in the quarter ended March 2014 from Rs 5,413.9 cr in same quarter last year due to slow growth in revenue and weak operational performance. Hindalco Industries reported 48.5% fall in fourth quarter net profit at Rs 248 crore (on standalone basis) due to exceptional loss of Rs 396 crore. It had a profit of Rs 482 crore in the same quarter last year. Sun Pharmaceutical Q4 (Jan-March) consolidated net profit grew 56.9% YoY to Rs 1,587 cr (beat forecast), driven by higher domestic as well as US revenues. ONGC Net profit increased toRs. 4,889 crore although revenue dipped by 2.3% to Rs.21,403 crore. Tata Motors Q4 consolidated net profit falling 0.7% to Rs 3,918 cr compared to same quarter last year due to lower growth in JLR's topline & bottomline and weak domestic business. Revenue grew 16.6 percent on yearly basis to Rs 65,317cr for the quarter ended March 2014. IOC aims to start crude processing at Paradip refinery by August-September . Coal demand falls globally. Monthly diesel price hikes likely to continue. Yes Bank starts shares sale to raise up to USD 500 mn.
  • 3. DAILY REPORT 30th MAY 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 7,300 66.2 10,09,075 15,10,250 NIFTY PE 7,250 14.8 7,70,479 13,20,800 NIFTY PE 7,200 0.05 3,89,100 52,15,050 BANKNIFTY PE 15,000 0.1 1,11,178 3,96,875 INFY PE 2,900 0.1 12,316 3,21,500 SBIN PE 2,600 0.2 9,728 2,35,750 MCDOWELL-N PE 2,800 0.05 7,450 6,85,250 DLF PE 200 0.05 2,362 13,42,000 MOST ACTIVE CALL OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 7,300 0.05 12,37,882 76,84,250 NIFTY CE 7,350 0.05 6,85,521 47,05,450 NIFTY CE 7,400 0.05 6,12,586 73,97,000 BANKNIFTY CE 15,200 0.05 85,531 3,73,400 INFY CE 3,000 0.05 16,427 4,95,375 MCDOWELL-N CE 2,850 0.1 9,995 4,84,625 SBIN CE 2,640 0.05 8,815 2,27,375 RELIANCE CE 1,100 0.05 6,918 11,20,000 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 186078 6829.82 189134 6929.84 244389 8944.31 -100.02 INDEX OPTIONS 594081 21681.72 545983 19988.27 1129203 40876.28 1693.45 STOCK FUTURES 402682 14475.34 482151 17395.51 1432873 50290.02 -2920.17 STOCK OPTIONS 75092 2816.25 73437 2772.95 6995 271.35 43.30 TOTAL -1283.44 INDICES R2 R1 PIVOT S1 S2 NIFTY 7,340.27 7,332.33 7,317.47 7,309.53 7,294.67 BANK NIFTY 15,344.43 15,187.37 15,097.43 14,940.37 14,850.43 STOCKS IN NEWS Indian Oil profit drops 35% as refining margins shrink National Fertilizers Q4 net loss narrows to Rs 9.80cr. Ipca Lab Q4 net profit up 84% at Rs 137 cr. Bajaj Electricals reports Rs 10.65 crore loss in Q4. L&T Construction wins orders worth Rs 2,458 crore Sesa Sterlite, a Vedanta group company, buying the residual stake in Hindustan Zinc. Marico reports 17% revenue growth in Q4. Tesco is to open stores in a joint venture with Tata's Trent Hypermarket. NIFTY FUTURE Nifty Future closed downside in the last trading session. We advise selling around 7230 levels with strict stop loss of 7360 or the targets of 7200-7170
  • 4. DAILY REPORT 30th MAY 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER ABOVE 40300 TGT 40500,40800 SL BELOW 40000 SELL SILVER BELOW 39900 TGT 39700,39400 SL ABOVE 40200 GOLD TRADING STRATEGY: BUY GOLD ABOVE 26950 TGT 27030,27130 SL BELOW 26850 SELL GOLD BELOW 26730 TGT 26650,26550 SL ABOVE 26830 COMMODITY ROUNDUP Extending its downward journey for the fourth straight ses- sion, gold prices tumbled by Rs 200 to hit nearly 11-month low of Rs 27,500 per ten grams in the national capital today amid a weak trend in global markets. Besides, subdued de- mand from jewellers and retailers and a weak trend in fu- tures trade also weighed on gold prices. Silver also re- mained under pressure for the fifth straight day and fell by Rs 500 to Rs 40,500 per kg. Gold hits 11-month low of Rs 27,500 on weak global cues Extending its downward journey for the fourth straight ses- sion, gold prices tumbled by Rs 200 to hit nearly 11-month low of Rs 27,500 per ten grams in the national capital today amid a weak trend in global markets. Besides, subdued de- mand from jewellers and retailers and a weak trend in fu- tures trade also weighed on gold prices. Silver also re- mained under pressure for the fifth straight day and fell by Rs 500 to Rs 40,500 per kg. U.S. crude prices rose on Thursday after government inven- tory data showed a sharp drawdown in gasoline that out- weighed a build in overall crude stocks, while Brent edged up supported by the low Libyan output and the Ukraine cri- sis. U.S. benchmark Treasury yields inched up from 11- month lows on Thursday as data showed the U.S. economy shrank for the first time in three years in the first quarter but did not alter the view of a solid rebound this spring. Nickel prices fell 1.77% to Rs 1,116.20 per kg in futures trade yesterday as speculators offloaded positions on the back of weak global trend and sluggish domestic demand. At the MCX nickel for delivery in May declined by Rs 20.10, or 1.77%, to Rs 1,116.20 per kg in a business turnover of 3,446 lots. Similarly, the metal for delivery in June traded lower by Rs 19.90, or 1.75%, to Rs 1,120 per kg in 1,323 lots. Offloading of positions by speculators due to sluggish de- mand from alloy-makers in the domestic spot markets and weak global trend pulled down nickel prices at futures trade. Meanwhile, nickel dropped 1.5% to $19,031 a tonne on the LME. Zinc prices drifted by 0.74% to Rs 121.50 per kg in futures trade yesterday as speculators trimmed positions after de- mand eased in the spot markets. Also, weak trend in other base metals in global markets influenced the sentiment. At the X, zinc for delivery in May shed 90 paise, or 0.74%, to Rs 121.50 per kg in a business turnover of 757 lots. COMMODITY MCX
  • 5. DAILY REPORT 30th MAY 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 3810 +0.05 Chana 2823 -0.07 Coriander 9414 +0.21 Cotton Seed Oilcake 1505 +0.74 Guarseed 5105 -2.02 Jeera 10990 +0.14 Mustard seed 3396 -0.53 Soy Bean 4648 +1.24 Sugar M Grade 2991 -0.40 Turmeric 6170 +2.49 NCDEX ROUNDUP Potato prices fell by 0.76% to Rs 1,314.50 per quintal in fu- tures trade yesterday as speculators offloaded positions on weak trend in spot markets. At the MCX, potato for June delivery fell by Rs 10.20, or 0.76%, to Rs 1,314.50 per quin- tal, with a business volume of 52 lots. Similarly, potato for delivery in May traded lower by Rs 5.20, or 0.40%, to Rs 1,270 per quintal, with a trade volume of seven lots. The fall in potato prices was mostly due to subdued demand in the spot markets. Sugar prices fell 0.57% to Rs 2,986 per quintal in futures trading today as speculators indulged in reducing positions on the back of subdued demand from bulk consumer in the spot markets. Furthermore, adequate stocks following higher supplies from millers also put pressure on the prices of the sweetener. At the NCDEX, sugar for delivery in June declined by Rs 17, or 0.57%, to Rs 2,986 per quintal with an open interest of 41,920 lots. To counter the shortage of onion post the monsoon season, Madhya Pradesh government is formulating a plan to ar- range cultivation onion during this Kharif season. The com- modity remains in short supply each year during monsoon and post monsoon. RECOMMENDATIONS DHANIYA BUY DHANIYA JUN ABOVE 9435 TGTS 9455,9505 SL 9385 SELL DHANIYA JUN BELOW 9405 TGTS 9475,9425 SL 9455 GUARSEED BUY GUARSEED JUN ABOVE 5200 TGTS 5230,5280 SL 5150 SELL GUARSEED JUN BELOW 5065 TGTS 5035,4985 SL 5115
  • 6. DAILY REPORT 30th MAY 2014 YOUR MINTVISORY Call us at +91-731-6642300 JPY/INR BUY JPY/INR ABOVE 58.48 TGTS 58.63, 58.78 SL 58.27. SELL JPY/INR BELOW 58.02 TGTS 57.87, 57.72 SL 58.23. USD/INR BUY USD/INR ABOVE 59.38 TGTS 59.53, 59.68 SL 59.17. SELL USD/INR BELOW 58.77 TGTS 58.62, 58.47 SL 58.98. CURRENCY ROUNDUP The Indian rupee weakened for a fourth session in five on Thursday as continued month-end dollar demand from oil importers and weaker domestic shares offset the dollar selling seen from corporates in early trade. The partially convertible rupee closed at 59.03/04 per dollar compared to 58.93/94 on Wednesday. In the offshore non- deliverable forwards, the one-month contract was at 59.26 while the three-month was at 59.83. India to sell 160-bn-rupee of bonds on May 30. The Re- serve Bank of India said on Thursday it accepted all 18 bids for 98.57 billion rupees ($1.67 billion) at its one-day repo auction, through which it injects liquidity into the banking system. Indian banks' refinancing with RBI falls to 289.53 billion rupees. Indian banks' cash balances with RBI fall to 3.23 trillion rupees. bond markets are likely to focus on the outcome of the new 14-year government bond auction today. The yen nursed modest losses early in Asia on Friday, hav- ing retreated from multi-month highs against the euro as investors booked some profit before the weekend. The pound was steady close to six-week lows against the dollar on Thursday, one day after posting its largest one- day decline in four months amid concerns that the U.K. housing market could be losing some momentum. GBP/ USD hit lows of 1.6691, the lowest level since April 15 and was last at 1.6705. The euro's gains were held in check amid mounting expec- tations that the European Central Bank will ease monetary policy at its upcoming meeting next week, in order to safe- guard the fragile recovery in the euro area. sterling was near one-week lows against the euro, with EUR/GBP at 0.8134, just below Wednesday's highs of 0.8142. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 58.8415 Yen-100 57.8500 Euro 80.0315 GBP 98.4065
  • 7. DAILY REPORT 30th MAY 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 29/05/14 MCX GOLD JUNE BUY 26900 26980-27080 26800 SL TRIGGERED 29/05/14 MCX GOLD JUNE SELL 26730 26650-26550 26830 BOOKED PROFIT 29/05/14 MCX SILVER JULY BUY 40300 40500-40800 4000 NOT EXECUTED 29/05/14 MCX SILVER JULY SELL 40000 39800-39500 40300 BOOKED PROFIT 29/05/14 NCDEX GUARSEED JUNE BUY 5250 5280-5330 5200 NOT EXECUTED 29/05/14 NCDEX GUARSEED JUNE SELL 5195 5165-5115 5245 BOOKED FULL PROFIT 29/05/14 NCDEX DHANIYA JUNE BUY 9475 9505-9555 9425 BOOKED FULL PROFIT 29/05/14 NCDEX DHANIYA JUNE SELL 9380 9350-9300 9430 NOT EXECUTED 29/05/14 EUR/INR JUNE BUY 80.99 81.05-81.20 80.78 NOT EXECUTED 29/05/14 EUR/INR JUNE SELL 80.45 80.30-80.15 80.66 BOOKED PROFIT 29/05/14 GBP/INR JUNE SELL 98.94 98.79-98.64 99.15 BOOKED PROFIT 29/05/14 GBP/INR JUNE BUY 99.58 99.73-99.88 99.37 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 29/05/14 NIFTY FUTURE BUY 7350 7380-7410 7320 NOT EXECUTED 29/05/14 SAIL FUTURE SELL 92-90 85-82 95 CALL OPEN 29/05/14 ORIENTAL BANK FUTURE BUY 345-350 360-375 335 BOOKED FULL PROFIT 29/05/14 AMBUJACEM CASH BUY 221 225-230 216 NOT EXECUTED 28/05/14 AUROPHARMA FUTURE BUY 635-640 655-670 625 CALL OPEN 28/05/14 PIDILITE IND CASH SELL 319 315-310 325 BOOKED FULL PROFIT 27/05/14 ARVIND FUTURE SELL 188-190 182-178 195 BOOKED PROFIT 26/05/14 EMAMI LTD CASH BUY 464 480-495 450 CALL OPEN 23/05/14 ZEE FUTURE SELL 276-275 265-260 285 BOOKED FULL PROFIT
  • 8. DAILY REPORT 30th MAY 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, MAY 26 MEMORIAL DAY NONE SCHEDULED TUESDAY, MAY 27 8:30 AM DURABLE GOODS ORDERS APRIL 0.4% 2.5% 9 AM CASE-SHILLER HOME PRICE INDEX MARCH -- 12.9% YOY 9 AM FHFA HOME PRICE INDEX MARCH -- 6.9% YOY 10 AM CONSUMER CONFIDENCE INDEX MAY 83.0 83.2 WEDNESDAY, MAY 28 NONE SCHEDULED THURSDAY, MAY 29 8:30 AM JOBLESS CLAIMS 5/24 N/A N/A 8:30 AM GDP REVISION Q1 -0.6% -0.1% 10 AM PENDING HOME SALES APRIL -- 3.4% FRIDAY, MAY 30 8:30 AM PERSONAL INCOME APRIL 0.4% 0.5% 8:30 AM CONSUMER SPENDING APRIL 0.2% 0.9% 9:45 AM CHICAGO PMI MAY 60.8 63.0 10 AM UMICH CONSUMER SENTIMENT INDEX MAY 82.5 81.8