Stock market special report by epic research 31 march 2014


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Stock market special report by epic research 31 march 2014

  1. 1. DAILY REPORT 31st MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Global equity markets ended higher on Friday but US stocks sharply pared gains after a late selloff in biotechnol- ogy shares, while euro zone government bond yields fell on renewed bets the European Central Bank will ease pol- icy next week. Japanese stocks rose to two-week highs on Friday choppy trade ahead of the approaching fiscal year-end, while Ya- hoo Japan Corp dived on questions over strategy following news it will buy mobile network operator eAccess from SoftBank Corp. Gains in Asian markets helped the Nikkei share average end 0.5 percent higher at 14,696.03, the best close since March 13. But trade was choppy, with the index falling to as low as 14,520.57 earlier. For the week, the index rose 3.3 percent. The broader Topix added 0.8 percent to 1,186.52, while the new JPX-Nikkei Index 400 advanced 0.8 percent to 10,740.32. Wall Street Update At the close, the Dow Jones industrial average was up 58.83 points, or 0.36 percent, at 16,323.06. The Standard & Poor's 500 Index rose 8.56 points, or 0.46 percent, to 1,857.60. The Nasdaq Composite Index finished up 4.53 points, or 0.11 percent, at 4,155.76. Previous day Roundup The Sensex ended up 125.60 points at 22339.97, and the Nifty closed up 54.15 points at 6695.90. About 1707 shares have advanced, 1048 shares declined, and 153 shares are unchanged. Both the Nifty, Sensex ended at record closing high. Nifty hit intra-day record high of 6701.6 while the Sensex hit intra-day record high of 22,364. Bank Nifty up for fifth day in a row, gained up to 1.2 percent. NSE cash volume at Rs 13,614 crore on first day of April Series. The rally was attributed to consistent inflow of foreign money, improvement in macros and hope of stable gov- ernment at centre post general elections. Index stats The Market was very volatile in yesterday’s session. The sartorial indices performed as follow Consumer Durables [up 42.02pts], Capital Goods [up 93.43pts], PSU [up 135.16pts], FMCG [up 17.99pts], Realty [up 22.66pts], Power [up 50.84pts], Auto [up 31.38pts], Healthcare [up 84.06pts], IT [up 60.29pts], Metals [up 145.28pts], TECK [up 37.18pts], Oil& Gas [up 66.41pts]. World Indices Index Value % Change D J l 16,323.06 +0.36 S&P 500 1,857.62 +0.46 NASDAQ 4,155.76 +0.11 EURO STO 3,172.43 +1.23 FTSE 100 6,615.58 +0.41 Nikkei 225 14,696.03 +0.50 Hong Kong 22,065.53 +1.06 Top Gainers Company CMP Change % Chg PNB 760.00 55.00 +7.80 BANKBARODA 739.95 44.40 +6.38 TATAPOWER 86.75 4.00 +4.83 HINDALCO 131.10 5.70 +4.55 ULTRACEMCO 2,147.00 88.25 +4.29 Top Losers Company CMP Change % Chg CAIRN 330.50 3.65 -1.09 ONGC 327.55 3.45 -1.04 ITC 358.05 1.85 -0.51 TECHM 1,825.00 8.45 -0.46 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg ACC 1,358.00 44.90 +3.42 BFUTILITIE 648.00 5.70 +0.89 CASTROL INDIA 311.00 13.30 +4.47 CENTURYTEX 364.00 7.60 +2.13 Indian Indices Company CMP Change % Chg NIFTY 6695.90 54.15 +0.82 SENSEX 22,339.97 125.60 +0.57 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg HINDNATGLS 143.00 4.05 -2.75 KOTHARIPRO 234.95 0.00 0.00 - -
  2. 2. DAILY REPORT 31st MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. PFC PFC FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 192 levels. We advise buying around 191-192 levels with strict stop loss 188 for the targets of 195-198 levels. 2. IDFC IDFC FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 125 levels. We advise buying around 124-125 levels with strict stop loss 122 for the targets of 128-130 levels. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. ADANI POWER ADANI POWER is looking strong on charts. We advise buying around 45-46 levels with strict stop loss of 41 for the targets of 49-54 levels. MACRO NEWS RBI Credit Policy will be announced on 1 April 2014. The RBI may keep status quo on key policy rates on Tues- day, although it may not be fully done with the tightening, foreign brokerages HSBC and RBS said. India's external debt was at USD 426 billion - including the govt's debt of USD 76.4 billion - at the end of December. The total external debt of USD 426 bn showed an increase of USD 21.1 bn over the March-end level. India and China would look at collaborations in semi-high speed rail and building world-class railway stations. The Reserve Bank today tightened and streamlined the norms regarding issuance of pre-paid payment instru- ments and capped their maximum value at Rs 50,000. The govt said it will borrow Rs 3.68 lakh cr in the first half of next fiscal, accounting for 61.5% of the total budget target for 2014-15, which will leave more scope for pri- vate sector to tap the market in the second half. India's power deficit has contracted to a record low of 3.3% in Feb. but consumers and producers continue to suffer as many people suffer while about a sixth of gen- eration projects worth about Rs 90,000cr. are idling.
  3. 3. DAILY REPORT 31st 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 63 1,40,508 32,90,300 NIFTY PE 6,500 39.7 1,18,819 33,49,500 NIFTY PE 6,700 97 1,15,038 18,83,300 BANKNIFTY PE 12,000 116 17,494 3,22,350 SBIN PE 1,850 42.2 2,229 1,00,875 RELIANCE PE 900 19.6 1,871 2,13,000 TCS PE 2,100 65 1,248 49,875 ICICIBANK PE 1,250 39.55 1,095 1,75,250 MOST ACTIVE CALL OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 6,800 79 1,69,159 26,31,800 NIFTY CE 6,700 130 1,31,852 33,93,600 NIFTY CE 6,900 43 1,09,748 18,54,500 BANKNIFTY CE 13,000 333 22,464 2,53,400 SBIN CE 1,900 82.85 10,089 8,05,375 RELIANCE CE 940 21.5 2,630 2,81,250 RCOM CE 130 7.45 2,372 15,36,000 ICICIBANK CE 1,300 35 2,139 3,65,000 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 46693 1558.66 37638 1252.42 370865 12404.87 306.24 INDEX OPTIONS 272715 8947.28 242748 7920.57 1155446 38634.02 1026.71 STOCK FUTURES 111167 3883.57 103063 3618.86 1056398 35899.01 264.71 STOCK OPTIONS 34852 1126.29 32806 1051.47 19447 682.91 74.82 TOTAL 59.40 INDICES R2 R1 PIVOT S1 S2 NIFTY 6,739.57 6,717.73 6,680.77 6,658.93 6,621.97 BANK NIFTY 12,879.37 12,848.20 12,725.17 12,662.83 12,570.97 STOCKS IN NEWS Top advertisers like Vodafone, Idea set to spend big on IPL after relief from Supreme Court. Gas price row: RIL likely to renew KG-D6 contracts for 1 yr. Coal India sets December deadline to firm up power biz. CSK's profits have partly compensated for the dip in fortunes of the flagship business of India Cements. Sun Pharma to buy Standard Chartered's Mumbai Tower for Rs 280 crore. NIFTY FUTURE Nifty Future closed in the green in the last trading ses- sion. We advise buying around 6690-6700 levels with strict stop loss of 6650 for the targets of 6750-6800.
  4. 4. DAILY REPORT 31st MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER(MAY) ABOVE 43300 TGTS 43550/43900 SL BE- LOW 43000 SELL SILVER(MAY) BELOW 42400 TGTS 42150/41800 SL 42700 GOLD TRADING STRATEGY: BUY GOLD(APR) ABOVE 28500 TGTS 28580/28700 SL 28400 SELL GOLD(APR) BELOW 28250 TGTS 28170/28050 SL 28350 COMMODITY ROUNDUP Due to positive US datas, a sharp fall seen in gold on friday, made low of 28119, and closed at 28380 level. For monday we expect price may correct up to 28480 level before going to touch 28000 level, a firm buying only above 28500 for 28800 level. The metal slumped well under $1300 per ounce today as the consumer spending in the US edged up in February at the fastest rate since November. The strength in US dollar also played its part as traders contin- ued to sell the metal. COMEX futures quote at $1288, down $7 per ounce on the day. MCX Gold quotes at Rs 28176, down Rs 273 per 10 grams on the day. Silver also fall from openning price and satteled at 42759. for Monday price may find support at 42000 level and for up side at 43200 level. Copper showed marginal uptick before the weekend. The prices were overcoming the fears from China and are show- ing some moves on the upside. The rise can also be due to bottom fishing rally in the metal. Copper April 14 contract was up by 0.26% to Rs 401.25 per kg, Copper M April 14 contract was up by 0.29% to Rs 401.35 per kg while Lead March 14 contract was down by 1.55% to Rs 123.65 per kg, Lead M May 14 contract was down by 1.72% to Rs 126.05 per kg, Nickel May 14 contract was down by 2.24% to Rs 957.10 per kg, Nickel M April 14 contract was down by 2.21% to Rs 951.70 per kg, Zinc May 14 contract was down by 1.31% to Rs 120.40 per kg, Zinc M May 14 contract was down by 0.87% to Rs 120.30 per kg, Aluminium May 14 con- tract was down by 0.75% to Rs 105.30 per kg and Alumini April 14 contract was down by 0.72% to Rs 103.75 per kg. Crude oil May 14 contract was up by 1.07% to Rs 6130.00 per barrel and Natural gas April 14 contract was up by 2.02% to Rs 272.70 per MMBTU. Crude oil futures pushed higher Friday, extending strong weekly gains on concerns about global supplies. Prices rose for a third consecutive session as protesters in Libya blocked a key pipeline and tensions over Ukraine threat- ened to interrupt production from Russia. At the same time, positive U.S. consumer spending data boosted the pros- pects for demand from the world's largest economy. May crude rose 39 cents, or 0.4%, for the session to settle at $101.67 a barrel on the New York Mercantile Exchange. U.S. crude oil was up 2.2 percent for the week. COMMODITY MCX
  5. 5. DAILY REPORT 31st MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS DHANIYA BUY DHANIYA APR ABOVE 9185 TGTS 9215,9265 SL 9135 SELL DHANIYA APR BELOW 9110 TGTS 9080,9030 SL 9160 GUARSEED BUY GUARSEED APR ABOVE 4785 TGTS 4815,4865 SL 4735 SELL GUARSEED APR BELOW 4720 TGTS 4690,4640 SL 4770 NCDEX NCDEX INDICES Index Value % Change Castor Seed 4137 -1.26 Chana 3304 +0.40 Coriander 9076 -0.52 Cotton Seed Oilcake 1475 -1.54 Jeera 10060 -0.79 Maize– Feed/Industrial Grade 1170 +0.60 Mustard seed 3432 -0.20 Soy Bean 4275 +0.13 Turmeric 6202 -2.08 NCDEX ROUNDUP Sugar prices rose by 0.33% to Rs 3,039 per quintal in futures trade yesterday as speculators created fresh positions on pick-up in demand for the summer season. Lower output in key manufacturing areas also supported the uptrend to some extent. The country's sugar production declined by 8.5% to 19.38 million tonnes till March 15 of the current marketing year due to lower output in key producing states, according to industry body ISMA. At the NCDEX, sugar for delivery in April rose by Rs 10, or 0.33%, to Rs 3,039 per quintal with an open interest of 36,540 lots. Similarly, the sweetener for delivery in March gained Rs 7, or 0.23%, to Rs 3,107 per quintal in 47,020 lots. The rise in sugar prices was attributed at futures trade to fresh positions created by speculators on pick-up in demand for the summer season amid estimates of lower output. Chana prices moved down by 0.33% to Rs 3,301 per quintal in futures trade ysterday as speculators reduced positions due to sluggish demand in the spot market. At the NCDEX, chana for delivery in May declined by Rs 11, or 0.33% to Rs 3301 per quintal with an open interest of 50,550 lots. Simi- larly, the commodity for delivery in April shed Rs 8, or 0.25% to Rs 3245 per quintal in 69050 lots. The decline was attrib- uted in chana prices at futures to sluggish demand in the spot market against adequate stocks position.
  6. 6. DAILY REPORT 31st MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 USD/INR SELL USD-INR BELOW 60.00 TGTS 59.87, 59.62 SL 60.28. BUY USD-INR ABOVE 60.98 TGTS 61.11, 61.26 SL 60.70. EUR/INR SELL EUR-INR BELOW 82.55 TGTS 82.42, 82.27 SL 82.83. BUY EUR-INR ABOVE 83.01 TGTS 83.14, 83.29 SL 82.73. CURRENCY ROUNDUP Currency market is closed for today. The currency market got stronger on Friday with the rupee gaining past the 60 level against US dollar for the first time since July 30, 2013. The Indian currency has seen a good run. The rupee broke past the psychological 60-per-dollar mark earlier in the day to hit an 8-month high of 59.99-per dollar and despite profit -booking making it simmer down a little since then, the ru- pee's resilience is far from over. The rupee has broken the shackles and is no longer part of the "fragile five". That's the group of currencies like the Indonesian Rupiah, the South African Rand, the Turkish Lira and the Brazilian Real. But there's more driving the rupee. - Current account deficit has improved from the record high of USD 180 billion in FY13 to a manageable USD 128 billon - RBI Governor Raghuram Ra- jan's steps to support the currency have paid off. And then, of course, there's the elections to look forward to. The euro fell to a three-week low against the dollar, with investors mindful of strong rhetoric from ECB officials about the currency's recent strength, but the euro later recovered on uncertainty over whether the bank will take action. The euro has sagged since suggestions of more ECB action this week from Germany - whose policymakers have in the past repeatedly voiced concerns about unorthodox monetary easing. The single currency was slightly higher at USD 1.3754, having dipped to USD 1.3707 earlier. The US dollar rose 0.7 percent against the yen, to 102.82 yen, buoyed in part by expectations that the Federal Reserve may start to tighten policy in the early part of next year.. The dollar was up against the yen, with USD/JPY up 0.63% at 102.82, and up against the Swiss franc, with USD/CHF up 0.02% at 0.8868. The greenback was down against the pound, with GBP/USD up 0.20% at 1.6644. The pound firmed against the dollar after data showed that U.K. gross domestic product rose by 0.7% in the fourth quarter, in line with expectations. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 60.0998 Yen-100 58.8300 Euro 82.5765 GBP 99.8498
  7. 7. DAILY REPORT 31st 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 28/03/14 MCX GOLD APR. BUY 28710 28790-28910 28590 NOT EXECUTED 28/03/14 MCX GOLD APR. SELL 28360 28280-28160 28480 SL TRIGGERED 28/03/14 MCX SILVER MAY BUY 43460 43660-44010 43100 NOT EXECUTED 28/03/14 MCX SILVER MAY SELL 42750 42550-42200 43150 BOOKED PRODIT 28/03/14 NCDEX GUARSEED APR.. BUY 4850 4880-4930 4800 BOOKED PROFIT 28/03/14 NCDEX GUARSEED APR. SELL 4760 4730-4680 4810 BOOKED FULL PROFIT 28/03/14 NCDEX DHANIYA APR. BUY 9170 9200-9250 9120 SL TRIGGERED 28/03/14 NCDEX DHANIYA APR. SELL 9060 9030-8980 9110 NOT EXECUTED 28/03/14 JPY/INR MAR. SELL 59.11 58.98-58.83 59.39 NO PROFIT NO LOSS 28/03/14 JPY/INR MAR. BUY 59.49 59.62-59.77 59.21 BOOKED PROFIT 28/03/14 GBP/INR MAR. SELL 100.31 100.18-100.03 100.59 BOOKED PROFIT 28/03/14 GBP/INR MAR. BUY 100.90 101.13-101.28 100.62 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 28/03/14 NIFTY FUTURE BUY 6590- 6600 6625-6645 6560 NOT EXEUCTED 28/03/14 PNB FUTURE BUY 700.705 725-740 685 NOT EXEUCTED 28/03/14 BHARTI AIRTEL FUTURE BUY 305-308 314-320 300 NOT EXEUCTED 28/03/14 SELAN EXPLORA- TION CASH BUY 500-510 525-540 480 NOT EXEUCTED 28/03/14 INDUSIND BANK FUTURE BUY 490-495 505-520 480 BOOKED PROFIT
  8. 8. DAILY REPORT 31st 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 31 9:45 am Chicago PMI March 59.2 59.8 TUESDAY, APRIL 01 9:45 am Markit PMI March -- 55.5 10 am ISM March 54.0% 53.2% 10 am Construction spending Feb. 0.0% 0.1% TBA Motor vehicle sales March 15.8 mln 15.3 mln WEDNESDAY, APRIL 02 8:15 am ADP employment March -- 139,000 10 am Factory orders Feb. 0.5% -0.7% THURSDAY, APRIL 03 8:30 am Weekly jobless claims 3-22 N/A N/A 8:30 am Trade deficit Feb. -39.4 bln -$39.1 bln 10 am ISM nonmanufacturing March 53.2% 51.6% FRIDAY ,APRIL 04 8:30 am Nonfarm payrolls March 192,000 175,000