Stock market special report by epic research 4th 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 4th june 2014

  1. 1. DAILY REPORT 04th JUNE 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Asian shares were steady on Wednesday and the dollar benefited from rising U.S. Treasury yields MSCI's broadest index of Asia-Pacific shares outside Japan. MIAPJ0000PUS was flat in early trade, not far from last week's one-year high. Japan's Nikkei stock average. N225 rose 0.1%, getting a lift from a weaker yen, and building on Tuesday's 2- month closing high. European shares slipped on Tuesday in thin volumes and some benchmark indexes retreated from multi-year highs as investors held back from chasing stocks higher before Thursday's European Central Bank meeting. Wall Street Update US stocks dipped in thin volume on Tuesday, with the Dow and the S&P 500 retreating from Monday's record closing levels as traders found few reasons to buy following a string of gains. A rise in semiconductor companies' shares limited losses. About half of the 10 primary S&P 500 sector indexes were down for the day, led by telecom, which fell 1 percent. On Tuesday, the Dow Jones industrial average fell 21.29 points or 0.13 percent, to end at 16,722.34. The S&P 500 inched down just 0.73 of a point or 0.04 percent, to 1,924.24. The Nasdaq Composite dropped 3.12 points or 0.07 percent, to 4,234.08 Previous day Roundup Equity benchmarks ended at record closing highs on Tues- day after the RBI credit policy review indicated huge amount of liquidity coming into the system . Improving China's factory data too supported the market. The 50- share NSE Nifty closed above 7400-mark for the first time ever, up 53.35 points to 7415.85 while the 30-share BSE Sensex jumped 173.74 points to 24858.59. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 112.68pts], Capital Goods [up 193.18pts], PSU [up 156.04pts], FMCG [down 50.83pts], Realty [down 60.43pts], Power [up 31.89 pts], Auto [up 43.63pts], Healthcare [down 50.82pts], IT [down 3.073ts], Metals [up 633.58pts], TECK [up 1.35pts], Oil& Gas [up 196.11pts]. World Indices Index Value % Change D J l 16772.34 -0.13 S&P 500 1924.24 -0.04 NASDAQ 4234.08 -0.07 EURO STO 3241.04 -0.21 FTSE 100 6836.56 -0.41 Nikkei 225 15008.56 -0.17 Hong Kong 23175.08 -0.50 Top Gainers Company CMP Change % Chg TATASTEEL 526.00 33.10 +6.72 SSLT 296.75 16.75 +5.98 CAOLINDIA 394.40 21.05 +5.64 DLF 220.25 10.90 +5.21 GRASIM 3323.40 162.95 +5.16 Top Losers Company CMP Change % Chg DRREDDY 2339.00 74.95 -3.10 HSLTECH 1349.15 33.65 -2.43 INDUSINDBANK 539.35 13.05 -2.36 GAIL 382.50 8.25 -2.11 KOTAKBANK 872.35 14.25 -1.61 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg BHARATFORG 520.15 4.15 -0.79 DHANBANK 55.75 4.55 +8.89 ESSAR OIL 95.45 2.45 +2.63 EXIDEIND 144.50 1.15 +0.80 GRASIM 3,323.4 162.95 +5.16 Indian Indices Company CMP Change % Chg NIFTY 7415.85 +53.35 +0.72 SENSEX 24858.59 +173.74 +0.70 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg MINDTREE 773.00 1.00 -0.13
  2. 2. DAILY REPORT 04th JUNE 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. TATASTEEL [FUTURE] TATA STEEL FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 525 levels. We advise buying around 520-525 levels with strict stop loss 510 for the targets of 540-550 levels. 2. COAL INDIA [FUTURE] COAL INDIA FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 395 levels. We advise buying around 390-395 levels with strict stop loss 380 for the targets of 405-420 levels. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. UFLEX UFLEX in overbought zone. We advise selling around 115- 114 tgt 110-105 sl 120 MACRO NEWS As expected, RBI governor Raghuram Rajan kept interest rates on hold while announcing the second bi-monthly monetary policy for the year 2014-15,The repo rate, at which the RBI lends to banks, and the cash reserve ratio (CRR) remain unchanged at 8 % and 4 %, respectively. However, Rajan allowed for a SLR cut by 0.5 % to 22.5 % with effect from the fortnight beginning June 14, 2014, thus releasing Rs 40,000 crore of liquidity locked up in government securities. The new govt will push ethanol blending in petrol. The Reserve Bank yesterday raised the annual overseas investment ceiling for individuals to USD 125,000 from USD 75,000. India's economic growth stayed below 5% for the second year in a row at 4.7% in 2013-14, mainly due to low manu- facturing & mining output. Essar Projects inks deal with Saudi firm Mohammed Al- Mojil Group for construction services. Century Textile to mull issue of 18.7 lakh warrants on preferential basis. Reliance Jio Infocomm Signs tower sharing deal with As- cend Telecom.
  3. 3. DAILY REPORT 04th 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 7,300 60.95 2,94,775 28,14,450 NIFTY PE 7,200 37 2,40,986 36,33,250 NIFTY PE 7,100 21.65 1,61,671 28,99,250 BANKNIFTY PE 14,000 58.2 21,167 2,59,225 SBIN PE 2,500 39.2 3,517 1,72,000 TATASTEEL PE 500 10.2 2,058 4,44,000 SBIN PE 2,400 18.75 1,752 95,250 LT PE 1,600 34.8 1,560 1,92,500 MOST ACTIVE CALL OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 7,500 68.8 3,76,081 56,68,500 NIFTY CE 7,400 118 3,04,046 38,38,700 NIFTY CE 7,600 35.4 2,47,559 40,57,550 BANKNIFTY CE 15,500 265 23,000 3,10,475 SBIN CE 2,800 40 5,262 3,20,625 RELIANCE CE 1,100 36 4,784 9,63,000 TATASTEEL CE 520 25.55 2,901 3,39,000 ICICIBANK CE 1,500 22.85 2,797 5,35,250 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 52361 1948.26 55935 2080.73 274445 10228.06 -132.47 INDEX OPTIONS 354783 13156.83 343505 12724.65 1320130 49000.98 432.18 STOCK FUTURES 104800 3960.59 91803 3417.00 1457211 52520.10 543.58 STOCK OPTIONS 55914 2135.55 56553 2139.63 55798 2059.40 -4.08 TOTAL 839.21 INDICES R2 R1 PIVOT S1 S2 NIFTY 7,477.12 7,446.48 7,394.32 7,363.68 7,311.52 BANK NIFTY 15,538.90 15,398.20 15,273.35 15,132.65 15,007.80 STOCKS IN NEWS Jaypee Power Ventures, Lanco Infratech, GMR Infra- structure, others queue up to sell power assets to NTPC USFDA finds procedural lapses at Wockhardt's US facil- ity Honda to double parts sourcing from India; eyes over Rs 800 crore State Bank of Bikaner and Jaipur's business turnover reaches 1.39 lakh crore . NIFTY FUTURE Nifty Future closed upside in the last trading session. We advise buying around 7440 levels with strict stop loss of 7400 or the targets of 7480-7520
  4. 4. DAILY REPORT 04th JUNE 2014 YOUR MINTVISORY Call us at +91-731-6642300 COMMODITY MCX RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER ABOVE 39900 TGT 40100,40400 SL BELOW 39600 SELL SILVER BELOW 39500 TGT 39300,39000 SL ABOVE 39800 GOLD TRADING STRATEGY: BUY GOLD ABOVE 25900 TGT 25980,26080 SL BELOW 26800 SELL GOLD BELOW 25680 TGT 25600,25500 SL ABOVE 26800 COMMODITY ROUNDUP Gold was treading water on Wednesday, hovering near a four-month low hit in the previous session, as investors await U.S. economic data, amid increasing optimism about growth and sluggish bullion demand in Asia. Spot gold was flat at $1,245.35 an ounce by 0204 GMT. The metal hit a four-month low of $1,240.61 on Tuesday, before closing flat and snapping a five-day losing streak. MCX Gold futures witnessed some bargain buying yesterday as global prices attempted a recovery from its four-month lows. Ideas that the ECB would be launching quantitative easing measures soon to support the flailing economy sup- ported the sentiments for gold. The COMEX Gold futures are trading at $1246 per ounce, up $3 per ounce on the day. MCX August Gold futures are trading at Rs 25750 per 10 grams, up Rs 49 per 10 grams on the day. The open in- terest is down 11%, indicating some short covering. Amid a weak trend in the global market and profit-booking by speculators, copper prices fell by 0.67% in futures trade yesterday. At the MCX, copper for delivery in June fell by Rs 2.80, or 0.67%, to Rs 413.15 per kg in business turnover of 1,510 lots. The metal's prices for delivery in far-month Au- gust shed Rs 2.65, or 0.63%, to trade at Rs 415.50 per kg in a turnover of 35 lots. The fall in copper futures to weak global cues as a private gauge of China's manufacturing missed estimates, curbing demand prospects from the world's biggest user of the metals. Globally, copper for de- livery in three months retreated as much as 0.60%, to $6,892 a tonne on the LME, while the metal for delivery in August on the Shanghai Futures Exchange traded little changed at 48,630 yuan ($7,784) a tonne. Nickel futures prices yesterday dropped 0.50% to Rs 1,152 per kg in as speculators locked in gains amid a weak trend overseas. At MCX nickel prices for delivery in July dropped by Rs 5.80, or 0.50%, to Rs 1,152 per kg in a business turn- over of 29 lots. Metal prices for delivery in June contracts fell by Rs 5.50, or 0.48%, to trade at Rs 1,147 per kg in a turnover of 580 lots. Besides profit-booking, spot demand at domestic markets and a weak trend in base metals over- seas after China manufacturing gauge misses estimates mainly weighed on nickel futures here.
  5. 5. DAILY REPORT 04th JUNE 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS DHANIYA BUY DHANIYA JUN ABOVE 9590 TGTS 9620,9670 SL 9540 SELL DHANIYA JUN BELOW 9520 TGTS 9490,9440 SL 9570 GUARSEED BUY GUARSEED JUN ABOVE 5155 TGTS 5185,5235 SL 5105 SELL GUARSEED JUN BELOW 5085 TGTS 5055,5005 SL 5035 NCDEX NCDEX INDICES Index Value % Change Castor Seed 3981 +2.50 Chana 2834 +2.05 Coriander 9554 +0.88 Cotton Seed Oilcake 1485 +0.95 Guarseed 5100 +0.89 Jeera 11020 +0.27 Mustard seed 3387 +0.89 Soy Bean 4410 +0.02 Sugar M Grade 2999 +0.17 Turmeric 6136 +0.69 NCDEX ROUNDUP Another onion price crisis seen in last October may be brew- ing again. Last year onion prices in retail market in several cities ahead of Diwali has seen Rs.100 a kg and Rs.60 in wholesale market. Cardamom futures rose by 0.50% to Rs 912.80 per kg in fu- tures market yesterday as speculators indulged in creating fresh positions after demand picked up in the spot market. Besides, tight stocks position in the physical market follow- ing less arrivals from producing region also supported the uptrend. At the MCX cardamom for delivery in June rose by Rs 4.50, or 0.50%, to Rs 912.80 per kg in business turnover of 153 lots. Likewise, the spice for delivery in July contract edged up by Rs 1.70, or 0.19%, to Rs 913 per kg in 63 lots. Fresh positions built up by speculators on the back of a rise in demand in the spot market against tight supplies from producing regions mainly influenced cardamom prices in futures trade. Supported by pick up in demand in the spot market, crude palm oil prices higher by 0.20% to Rs 508.90 per 10 kg in futures trade yesterday as speculators created fresh posi- tions. At MCX, crude palm oil for delivery in July up by Re 1, or 0.20%, to Rs 508.90 per 10 kg in business turnover of 16 lots. Similarly, the oil for delivery in June contract edged up by 50 paise, or 0.10% to Rs 510.80 per 10 kg in 79 lots.
  6. 6. DAILY REPORT 04th JUNE 2014 YOUR MINTVISORY Call us at +91-731-6642300 EUR/INR BUY EUR/INR ABOVE 81.36 TGTS 81.51, 81.66 SL 81.15. SELL EUR/INR BELOW 80.75 TGTS 80.60, 80.45 SL 80.96. USD/INR BUY USD/INR ABOVE 59.77 TGTS 59.92, 60.07 SL 59.56. SELL USD/INR BELOW 59.31 TGTS 59.16, 59.01 SL 59.52. CURRENCY ROUNDUP The Indian rupee hit a near three-week low and weak- ened for a fourth consecutive session on Tuesday as the central bank was spotted buying dollars to curb gains in the currency while importers' buying also added to the losses. It hovered in a range of 59.12 and 59.23 before quoting at 59.16 per dollar at 1000 hours. Persistent foreign capital inflows into equity market also affected the market sentiment. The rupee had briefly strengthened early in the day when the Reserve Bank of India kept interest rates steady and signalled it may be done with rate hikes. The ensuing optimism about growth helped offset some of the expected benefits from higher interest rates on the rupee. The market cited little impact from the central bank's move later to allow banks to equally spread out additional provisioning on unhedged for- eign currency exposure in the current fiscal year. The partially convertible rupee closed at 59.3850/3950 per dollar after falling as low as 59.42, a level last seen on May 15. The pair had closed at 59.1525/1625 on Monday. The rupee fell even though local shares rose to a record close as metal firms surged after surveys showed China's factory and services sectors had their best performance in months. In the offshore non- deliverable forwards, the one-month contract was at 59.70 while the three-month was at 60.28. However, in New York market, the dollar rose against the euro yesterday as disappointing German inflation data were the latest to signal the European Central Bank could be forced to ease monetary policy this week to fight low inflation. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 59.2125 Yen-100 57.8800 Euro 80.5645 GBP 99.1691
  7. 7. DAILY REPORT 04th 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 03/06/14 MCX GOLD JUNE BUY 25900 25980-26080 26800 NOT EXECUTED 03/06/14 MCX GOLD JUNE SELL 25700 25620-25520 26800 SL TRIGGERED 03/06/14 MCX SILVER JULY BUY 39900 40100-40400 39600 NOT EXECUTED 03/06/14 MCX SILVER JULY SELL 39500 39300-39000 39800 BOOKED PROFIT 03/06/14 NCDEX GUARSEED JUNE BUY 5095 5125-5175 5045 SL TRIGGERED 03/06/14 NCDEX GUARSEED JUNE SELL 5030 5000-4950 5080 SL TRIGGERED 03/06/14 NCDEX DHANIYA JUNE BUY 9500 9530-9580 9450 BOOKED FULL PROFIT 03/06/14 NCDEX DHANIYA JUNE SELL 9435 9405-9355 9485 NOT EXECUTED 03/06/14 JPY/INR JUNE SELL 58.03 57.88-57.73 58.24 SL TRIGGERED 03/06/14 JPY/INR JUNE BUY 58.44 58.59-58.74 58.23 NOT EXECUTED 03/06/14 EUR/INR JUNE SELL 80.69 80.54-80.39 80.90 NOT EXECUTED 03/06/14 EUR/INR JUNE BUY 81.11 81.26-81.41 80.90 BOOKED PROFIT Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 03/06/14 NIFTY FUTURE BUY 7380 7430-7480 7350 BOOKED PROFIT 03/06/14 ARVIND FUTURE BUY 194-195 199-204 189 CALL OPEN 03/06/14 BIOCON FUTURE BUY 445-470 458-470 435 CALL OPEN 03/06/14 CANARA BANK CASH BUY 444-445 450-455 440 SL TRIGGERED 29/05/14 SAIL FUTURE SELL 92-90 85-82 95 SL TRIGGERED 26/05/14 EMAMI LTD CASH BUY 464 480-495 450 CALL OPEN
  8. 8. DAILY REPORT 04th 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