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DAILY REPORT
07th
JULY 2014
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance
Asian markets witnessed profit taking after hitting three-
year high on Friday on the back of encouraging economic
data from the US signalling an uptick in the world's larg-
est economy. Japan's Nikkei ended up 0.6% at 15,437.
Among other shares in the region, Shanghai Composite
ended down 0.2%, Hang Seng gained 0.1% and Straits
Times ended flat with negative bias.
European shares witnessed profit booking after recent
gains and were trading marginally lower with CAC-40,
DAX and FTSE down 0.1-0.2% each.
Wall Street Update
Both the Dow and S&P 500 ended at their third consecu-
tive record highs. The Nasdaq closed at its highest since
2000 and rose for a third straight week. The three major
indexes wrapped up a week of solid gains.
The Dow Jones industrial average .DJI rose 92.02 points
or 0.54 percent, to 17,068.26. The S&P 500 .SPX gained
10.82 points or 0.55 percent, to 1,985.44. The Nasdaq
Composite .IXIC added 28.19 points or 0.63 percent, to
4,485.93
.
Previous day Roundup
The market gathered steam after falling prey to profit
booking for sometime. Both the benchmark indices
closed at record high. The Nifty ended up 36.80 pts at
7751.60. The Sensex is up 138.31 pts at 25962.06.
Markets recouped from their day's lows in late trades to
end at fresh record closing highs on hopes that the Fi-
nance Minister in his maiden Budget next week would
announce reforms to revive economic growth. The 30-
share Sensex ended up 138 pts at 25,962 and the 50-
share Nifty ended up 37 points at 7,752. Meanwhile,
both the benchmark indices gained over 3% during the
week ended July 4.
Index stats
The Market was very volatile in last session. The sartorial
indices performed as follow; Consumer Durables [down
33.15pts], Capital Goods [down 33.15pts], PSU [up
42.58pts], FMCG [up 22.20pts], Realty [up 22.90pts],
Power [up 20.95pts], Auto [up 2.48pts], Healthcare [up
56.59pts], IT [up 16.84Pts], Metals [down 118.35pts],
TECK [up 11.69pts], Oil& Gas [up 184.42pts].
World Indices
Index Value % Change
D J l 17068.26 +0.54
S&P 500 1985.44 +0.55
NASDAQ 4485.93 +0.63
EURO STO 3270.47 -0.59
FTSE 100 6866.05 +0.01
Nikkei 225 15437.13 +0.58
Hong Kong 23546.36 +0.06
Top Gainers
Company CMP Change % Chg
POWERGRID 145.95 5.45 +3.88
RELIANCE 1034.7 28.20 +2.80
HDFCBANK 856.1 19.30 +2.31
DRREDDY 267900 39.95 +1.51
GAIL 465.5 6.40 +1.39
Top Losers
Company CMP Change % Chg
ACC 1448 -2.17
SSLT 305.15 -1.75
WIPRO 546.00 -1.71
JINDALSTEL 324.25 -1.68
KOTAKBANK 878 -1.48
Stocks at 52 Week’s high
Symbol Prev. Close Change %Chg
ARVIND 244.20 0.10 +0.04
APOLLOHOSP 1054 23.95 +2.33
BIOCON 541 3.00 -0.55
CENTURYTEX 622.9 1.95 +0.31
CIPLA 449.00 1.30 +0.29
Indian Indices
Company CMP Change % Chg
NIFTY 7751.60 +36.80 +0.48
SENSEX 25962.06 +138.31 +0.54
Stocks at 52 Week’s Low
Symbol Prev. Close Change %Chg
CHAMBLFERT 64.05 +2.30 +3.72
DAILY REPORT
07th
JULY 2014
YOUR MINTVISORY Call us at +91-731-6642300
STOCK RECOMMENDATIONS [FUTURE]
1. TATA COMM FUTURE
TATA COMM FUTURE is is looking strong on charts, long
build up has been seen, we may see more upside, if it sus-
tains above 400 levels. We advise buying around 405 – 410
levels with strict stop loss 390 for the targets of 425-435.
2. RELIANCE FUTURE
RELIANCE FUTURE is looking strong on charts, long build up
has been seen, we may see more upside, if it sustains above
1040 levels. We advise buying around 1030-1040 levels
with strict stop loss 1000 for the targets of 1060-1090.
EQUITY CASH & FUTURE
STOCK RECOMMENDATION [CASH]
1. INDIAN BANK
INDIAN BANK ascending triangle on daily chart. We advise
buying around 190 level with strict stop loss 186.50 for the
targets of 193.50-197.
MACRO NEWS
The Union Budget is due to be presented on July 10.
The government will be presenting its maiden Rail Budget
on July 8.
Narendra Modi-government’s first Budget session of the
16th Lok Sabha begins today.
The Oil Ministry is likely to move the Cabinet Committee
on Political Affairs (CCPA) soon with an expert panel rec-
ommendations of raising kerosene price by Rs 4 a litre
and cooking gas (LPG) rates by Rs 250 per cylinder.
Oil ministry directs oil companies’ to urge their staff to
give up subsidized LPG cylinders
Tata Motors' Cyrus Mistry focusing on designing new cars;
company to launch Zest, Bolt and Nano.
The government is expected to take a flexible approach to
allowing senior bank bonds given the failure of a similar
attempt in the past.
An industry body that represents CDMA and dual-
technology telecom operators has sought rationalization
of multiple levies on the sector in the upcoming Budget.
Idea Cellular joins hands with Opera Software, Quikr to
offer sponsored data usage plans.
First quarter earnings starting with Infosys on July 10.
DAILY REPORT
07th
JULY 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 7,600 77.4 1,98,115 23,14,750
NIFTY PE 7,500 52.95 1,67,285 45,56,900
NIFTY PE 7,400 35 1,27,114 36,66,050
BANKNIFTY PE 15,000 216 7,464 3,47,925
RELIANCE PE 980 9.6 1,502 2,23,750
MCDOWELL-N PE 2,400 42.1 1,404 1,61,750
SBIN PE 2,700 99.2 1,364 1,94,250
INFY PE 3,200 113 739 1,57,500
MOST ACTIVE CALL OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 8,000 63 2,57,849 76,08,850
NIFTY CE 7,900 97.5 2,01,463 33,56,150
NIFTY CE 7,800 143.6 1,77,097 41,66,100
BANKNIFTY CE 16,000 316 12,600 4,88,200
RELIANCE CE 1,040 33.8 5,621 8,43,500
MCDOWELL-N CE 2,600 33.5 2,915 4,54,125
SBIN CE 2,800 75 2,772 1,98,875
ICICIBANK CE 1,500 43.95 1,551 3,41,000
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 31746 1228.76 30329 1175.36 308841 12030.12 53.40
INDEX OPTIONS 206840 7917.12 209705 8058.55 1363486 52856.54 -141.43
STOCK FUTURES 62885 2404.84 82868 3160.99 1535532 58658.32 -756.14
STOCK OPTIONS 35423 1337.61 36238 1354.31 83112 3156.31 -16.70
TOTAL -860.87
INDICES R2 R1 PIVOT S1 S2
NIFTY 7,820.33 7,785.97 7,723.63 7,689.27 7,626.93
BANK NIFTY 15,758.92 15,657.53 15,481.27 15,379.88 15,203.62
STOCKS IN NEWS
United Spirits gets shareholders nod to sell Whyte &
Mackay.
Carnival Cinemas acquires HDIL's Broadway Cinema for
Rs 110 crore .
Tata Motors is at an inflexion point with a strong pipe-
line of new products and technologies.
Tata Power signs an option agreement to sell a 5 per-
cent stake in its KPC coal mine for USD 250 million and
30 percent in KPC related power infra companies to a
Bakrie group entity.
NIFTY FUTURE
Nifty Future closed upside in the last trading session. We
advise buying around 7800 levels with strict stop loss of
7750 for the targets of 7850-7900
DAILY REPORT
07th
JULY 2014
YOUR MINTVISORY Call us at +91-731-6642300
COMMODITY MCX
RECOMMENDATIONS
SILVER
TRADING STRATEGY:
BUY SILVER SEP ABOVE 45250 TGTS 45500,45750 SL 45050
SELL SILVER SEP BELOW 44900 TGTS 44800,44550 SL 45050
GOLD
TRADING STRATEGY:
BUY GOLD AUG ABOVE 27600 TGTS 27700,27850 SL 27500
SELL GOLD AUG BELOW 27450 TGTS 27350,27250 SL 27550
COMMODITY ROUNDUP
Oil and safe-haven favorite gold were also under pressure
as the unrest in Iraq and between Ukraine in Russia - sup-
portive factors for both in recent weeks - remained in a lull.
Brent crude dipped back below $111 a barrel and was set to
post its biggest weekly loss since early January. U.S. oil fu-
tures were down for a seventh straight day and heading for
their longest such run since 2009.
US Gold edged up slightly after yesterday's heavy sell off.
Not much movement is expected today as US market main
trading session is closed for the Independence Day. On
Thursday, gold lost its safe-haven appeal amid signs of a
strong US economic recovery could force the Federal Re-
serve to reconsider its vow and raise rates sooner than ex-
pected. The prices ended lower on Friday ,after touching
the lowest in five weeks, hurt by the upbeat US employ-
ment report which showed that the world's largest econ-
omy added more jobs than estimated in June, suggesting
the US recovery may be gaining traction.
COMEX Gold for August delivery quotes at $1,322.10 a troy
ounce, up $1.50 and Silver July quotes at $21.182 a troy
ounce, up $0.045 on Friday. Local gold recovered after hit-
ting nearly two weeks low as global futures edged up amid
falling local currency. MCX August gold is quoting at Rs
27,550, up Rs 86 and the silver July is quoting at Rs 44,981,
up Rs 134 on Friday.
About 4,000 small- and medium-sized foundry units face
the threat of closure, owing to inability to pass the steep
rise in raw material prices to consumer industries, due to a
fall in demand from downstream entities. With an annual
output of about 10 million tonnes, the Indian foundry sec-
tor has about 4,500 casting (molten metal) units, of which
85 per cent can broadly be categorised as small and me-
dium enterprises (SMEs). While 10 per cent are medium
units, the rest are large manufacturing plants.
Aluminium futures prices fell 0.26% to Rs 115.35 per kg, as
speculators reduced positions amid a weak trend in base
metals at LME. At the MCX, aluminium for delivery in Au-
gust lost 30 paise, or 0.26 per cent, to Rs 115.35 per kg,
with a business turnover of 250 lots. The July contract shed
25 paise, or 0.22 per cent, to trade at Rs 114.15 per kg in a
turnover of 250 lots.
DAILY REPORT
07th
JULY 2014
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
DHANIYA
BUY DHANIYA JUL ABOVE 11025 TGTS 1160,11090 SL 10990
SELL DHANIYA JUL BELOW 10940 TGTS 10900,10860 SL
10995
GUARSEED
BUY GUARSEED JUL ABOVE 5500 TGTS 5540,5580 SL 5470
SELL GUARSEED JUL BELOW 5450 TGTS 5410,5370 SL 5490
NCDEX
NCDEX INDICES
Index Value % Change
Castor Seed 4304 -1.49
Chana 2695 -3.99
Coriander 11330 +1.20
Cotton Seed Oilcake 1667 +0.97
Guarseed 500 +1.69
Jeera 11190 -0.09
Mustard seed 3497 +0.26
Soy Bean 3965 +0.08
Sugar M Grade 3058 -0.46
Turmeric 6466 -1.80
NCDEX ROUNDUP
Jeera futures ended a tad lower after trading with extreme
volatility. The NCDEX Jeera July delivery ended the day at Rs
11,195, down Rs 5 or 0.04%. Comfortable supplies on the
back of record output along with huge carryover stocks
amid weak demand are keeping prices under pressure.
Traders are expecting that exports of the commodity should
rise in coming months amidst reports of lower production in
Turkey and geopolitical crisis Syria. Jeera futures traded in
the range of Rs 11,450-11,040 level last week with down-
ward bias and prices closed the Friday's session lower amid
high volatility. The July contract settled the day at Rs
11,195, down Rs 5 or 0.04% and the open interest dipped
648 tonnes to 4,827 tonnes, indicating profit taking.
To support the ailing sugar industry, the government on
Saturday removed quantitative ceiling on organic sugar ex-
ports. The government had kept a ceiling of 10,000 tonnes
on organic sugar exports.
Paddy sowing has already commenced in some regions and
is set to pick up pace after July 10. Last kharif season year,
farmers recorded about 35 per cent profits on basmati com-
pared to the previous kharif season, primarily due to rising
exports, a fall in the rupee against the dollar and a rise in
demand in West Asia.
DAILY REPORT
07th
JULY 2014
YOUR MINTVISORY Call us at +91-731-6642300
EUR/INR
SELL EUR/INR BELOW 81.39 TGTS 81.24, 81.09 SL 81.59.
BUY EUR/INR ABOVE 81.71 TGTS 81.86, 82.01 SL 81.51.
USD/INR
SELL USD/INR BELOW 59.89 TGTS 59.74, 59.59 SL 60.09.
BUY USD/INR ABOVE 60.19 TGTS 60.34, 60.49 SL 59.99.
CURRENCY ROUNDUP
The Indian rupee came off its highs and traded nearly un-
changed at Rs 59.74 compared to its previous close of Rs
59.73 to the dollar after the Reserve Bank of India stepped
up dollar purchases while subdued domestic stock market
also weighed on sentiment. The Indian rupee was little
changed on Friday as caution set in ahead of Prime Minister
Narendra Modi's maiden budget, although the currency
posted its biggest weekly gain in 1-1/2 months on strong
foreign inflows.
The Reserve Bank of India was also spotted buying dollars,
continuing its pattern of intervention to prevent the rupee
from gaining sharply as strong foreign flows helped send the
NSE index to its record high for a third straight day.
The rupee rose 0.6 percent for the week, posting its strong-
est gain since the week of May 16 that saw the election of
Modi as prime minister, although the unit has ceded ground
since hitting a three-week intraday high of 59.52 on Thurs-
day. The partially convertible rupee closed at 59.72/73 per
dollar compared with 59.73/74 on Thursday.
U.S. Treasury yields hit a two-month high, which in turn bur-
nished the dollar's appeal. The benchmark 10-year yield
ended at 2.64 percent after going as high at 2.69 percent.
Treasuries weren't trading on Friday.
The dollar was though and it was at a one-week peak
against a basket of rivals despite being a touch softer
against the yen at 102.05 yen.
The euro fell further against the U.S. dollar on Friday, hover-
ing near one-week lows after the release of downbeat Ger-
man factory orders and as comments by European Central
Bank President Mario Draghi continued to weigh. Euro cur-
rency quoted at $1.3591, down 0.15% and the US dollar in-
dex is quoting up at 80.34 levels, up 0.10% on Friday.
CURRENCY
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 59.7939 Yen-100 58.6000
Euro 81.3203 GBP 102.6601
DAILY REPORT
07th
JULY 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
04/07/14 MCX GOLD AUG. BUY 27550 27650-27800 27450
NO PROFIT NO
LOSS
04/07/14 MCX GOLD AUG. SELL 27400 27300-27150 27520 NOT EXECUTED
04/07/14 MCX SILVER JULY BUY 45000 45250-45450 44750
NO PROFIT NO
LOSS
04/07/14 MCX SILVER JULY SELL 44600 44350-44100 4850 NOT EXECUTED
04/07/14 NCDEX GUARSEED JULY BUY 5500 5540-5580 5470 WRONG LEVELS
04/07/14 NCDEX GUARSEED JULY SELL 5450 5410-5370 5490 WRONG LEVELS
04/07/14 NCDEX DHANIYA JULY BUY 11025 11060-11090 10990 WRONG LEVELS
04/07/14 NCDEX DHANIYA JULY SELL 10940 10900-10860 10995 WRONG LEVELS
04/07/14 GBP/INR JULY BUY 103.04 103.19-103.34 102.84 SL TRIGGERED
04/07/14 GBP/INR JULY SELL 102.64 102.49-102.34 102.84 NOT EXECUTED
04/07/14 USD/INR JULY SELL 59.92 59.77-59.62 60.12
NO PROFIT NO
LOSS
04/07/14 USD/INR JULY BUY 60.38 60.53-60.68 60.18 NOT EXECUTED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
04/07/14 NIFTY FUTURE BUY 7775 7825-7875 7725 CALL OPEN
04/07/14 GLENMARK FUTURE BUY 605-610 620-635 590 CALL OPEN
04/07/14 SAIL FUTURE SELL 95 92-89 98 CALL OPEN
04/07/14 JP ASSOCIAT CASH SELL 70 68.5-50.67 71.5 NOT EXECUTED
03/07/14 NIFTY FUTURE BUY 7760 7810-7860 7710 CALL OPEN
03/07/14 MAHALIFE CASH BUY 565 570-580 560 SL TRIGGEERD
01/07/14 IDFC FUTURE BUY 132-135 138-140 128 CALL OPEN
DAILY REPORT
07th
JULY 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, JULY 07
NONE SCHEDULED
TUESDAY, JULY 08
7:30 AM NFIB SMALL BUSINESS INDEX JUNE -- 96.6
10 AM JOB OPENINGS MAY -- 4.5 MLN
3 PM CONSUMER CREDIT MAY -- $27 BLN
WEDNESDAY, JULY 09
2 PM FOMC MINUTES
THURSDAY, JULY 10
8:30 AM WEEKLY JOBLESS CLAIMS 7/5 N/A 315,000
10 AM WHOLESALE INVENTORIES MAY -- 1.1%
FRIDAY, JULY 11
2 PM FEDERAL BUDGET JUNE -- -$117 BLN

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Stock market special report by epic research 7th july 2014

  • 1. DAILY REPORT 07th JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Asian markets witnessed profit taking after hitting three- year high on Friday on the back of encouraging economic data from the US signalling an uptick in the world's larg- est economy. Japan's Nikkei ended up 0.6% at 15,437. Among other shares in the region, Shanghai Composite ended down 0.2%, Hang Seng gained 0.1% and Straits Times ended flat with negative bias. European shares witnessed profit booking after recent gains and were trading marginally lower with CAC-40, DAX and FTSE down 0.1-0.2% each. Wall Street Update Both the Dow and S&P 500 ended at their third consecu- tive record highs. The Nasdaq closed at its highest since 2000 and rose for a third straight week. The three major indexes wrapped up a week of solid gains. The Dow Jones industrial average .DJI rose 92.02 points or 0.54 percent, to 17,068.26. The S&P 500 .SPX gained 10.82 points or 0.55 percent, to 1,985.44. The Nasdaq Composite .IXIC added 28.19 points or 0.63 percent, to 4,485.93 . Previous day Roundup The market gathered steam after falling prey to profit booking for sometime. Both the benchmark indices closed at record high. The Nifty ended up 36.80 pts at 7751.60. The Sensex is up 138.31 pts at 25962.06. Markets recouped from their day's lows in late trades to end at fresh record closing highs on hopes that the Fi- nance Minister in his maiden Budget next week would announce reforms to revive economic growth. The 30- share Sensex ended up 138 pts at 25,962 and the 50- share Nifty ended up 37 points at 7,752. Meanwhile, both the benchmark indices gained over 3% during the week ended July 4. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 33.15pts], Capital Goods [down 33.15pts], PSU [up 42.58pts], FMCG [up 22.20pts], Realty [up 22.90pts], Power [up 20.95pts], Auto [up 2.48pts], Healthcare [up 56.59pts], IT [up 16.84Pts], Metals [down 118.35pts], TECK [up 11.69pts], Oil& Gas [up 184.42pts]. World Indices Index Value % Change D J l 17068.26 +0.54 S&P 500 1985.44 +0.55 NASDAQ 4485.93 +0.63 EURO STO 3270.47 -0.59 FTSE 100 6866.05 +0.01 Nikkei 225 15437.13 +0.58 Hong Kong 23546.36 +0.06 Top Gainers Company CMP Change % Chg POWERGRID 145.95 5.45 +3.88 RELIANCE 1034.7 28.20 +2.80 HDFCBANK 856.1 19.30 +2.31 DRREDDY 267900 39.95 +1.51 GAIL 465.5 6.40 +1.39 Top Losers Company CMP Change % Chg ACC 1448 -2.17 SSLT 305.15 -1.75 WIPRO 546.00 -1.71 JINDALSTEL 324.25 -1.68 KOTAKBANK 878 -1.48 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg ARVIND 244.20 0.10 +0.04 APOLLOHOSP 1054 23.95 +2.33 BIOCON 541 3.00 -0.55 CENTURYTEX 622.9 1.95 +0.31 CIPLA 449.00 1.30 +0.29 Indian Indices Company CMP Change % Chg NIFTY 7751.60 +36.80 +0.48 SENSEX 25962.06 +138.31 +0.54 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg CHAMBLFERT 64.05 +2.30 +3.72
  • 2. DAILY REPORT 07th JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. TATA COMM FUTURE TATA COMM FUTURE is is looking strong on charts, long build up has been seen, we may see more upside, if it sus- tains above 400 levels. We advise buying around 405 – 410 levels with strict stop loss 390 for the targets of 425-435. 2. RELIANCE FUTURE RELIANCE FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 1040 levels. We advise buying around 1030-1040 levels with strict stop loss 1000 for the targets of 1060-1090. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. INDIAN BANK INDIAN BANK ascending triangle on daily chart. We advise buying around 190 level with strict stop loss 186.50 for the targets of 193.50-197. MACRO NEWS The Union Budget is due to be presented on July 10. The government will be presenting its maiden Rail Budget on July 8. Narendra Modi-government’s first Budget session of the 16th Lok Sabha begins today. The Oil Ministry is likely to move the Cabinet Committee on Political Affairs (CCPA) soon with an expert panel rec- ommendations of raising kerosene price by Rs 4 a litre and cooking gas (LPG) rates by Rs 250 per cylinder. Oil ministry directs oil companies’ to urge their staff to give up subsidized LPG cylinders Tata Motors' Cyrus Mistry focusing on designing new cars; company to launch Zest, Bolt and Nano. The government is expected to take a flexible approach to allowing senior bank bonds given the failure of a similar attempt in the past. An industry body that represents CDMA and dual- technology telecom operators has sought rationalization of multiple levies on the sector in the upcoming Budget. Idea Cellular joins hands with Opera Software, Quikr to offer sponsored data usage plans. First quarter earnings starting with Infosys on July 10.
  • 3. DAILY REPORT 07th JULY 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 7,600 77.4 1,98,115 23,14,750 NIFTY PE 7,500 52.95 1,67,285 45,56,900 NIFTY PE 7,400 35 1,27,114 36,66,050 BANKNIFTY PE 15,000 216 7,464 3,47,925 RELIANCE PE 980 9.6 1,502 2,23,750 MCDOWELL-N PE 2,400 42.1 1,404 1,61,750 SBIN PE 2,700 99.2 1,364 1,94,250 INFY PE 3,200 113 739 1,57,500 MOST ACTIVE CALL OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 8,000 63 2,57,849 76,08,850 NIFTY CE 7,900 97.5 2,01,463 33,56,150 NIFTY CE 7,800 143.6 1,77,097 41,66,100 BANKNIFTY CE 16,000 316 12,600 4,88,200 RELIANCE CE 1,040 33.8 5,621 8,43,500 MCDOWELL-N CE 2,600 33.5 2,915 4,54,125 SBIN CE 2,800 75 2,772 1,98,875 ICICIBANK CE 1,500 43.95 1,551 3,41,000 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 31746 1228.76 30329 1175.36 308841 12030.12 53.40 INDEX OPTIONS 206840 7917.12 209705 8058.55 1363486 52856.54 -141.43 STOCK FUTURES 62885 2404.84 82868 3160.99 1535532 58658.32 -756.14 STOCK OPTIONS 35423 1337.61 36238 1354.31 83112 3156.31 -16.70 TOTAL -860.87 INDICES R2 R1 PIVOT S1 S2 NIFTY 7,820.33 7,785.97 7,723.63 7,689.27 7,626.93 BANK NIFTY 15,758.92 15,657.53 15,481.27 15,379.88 15,203.62 STOCKS IN NEWS United Spirits gets shareholders nod to sell Whyte & Mackay. Carnival Cinemas acquires HDIL's Broadway Cinema for Rs 110 crore . Tata Motors is at an inflexion point with a strong pipe- line of new products and technologies. Tata Power signs an option agreement to sell a 5 per- cent stake in its KPC coal mine for USD 250 million and 30 percent in KPC related power infra companies to a Bakrie group entity. NIFTY FUTURE Nifty Future closed upside in the last trading session. We advise buying around 7800 levels with strict stop loss of 7750 for the targets of 7850-7900
  • 4. DAILY REPORT 07th JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 COMMODITY MCX RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER SEP ABOVE 45250 TGTS 45500,45750 SL 45050 SELL SILVER SEP BELOW 44900 TGTS 44800,44550 SL 45050 GOLD TRADING STRATEGY: BUY GOLD AUG ABOVE 27600 TGTS 27700,27850 SL 27500 SELL GOLD AUG BELOW 27450 TGTS 27350,27250 SL 27550 COMMODITY ROUNDUP Oil and safe-haven favorite gold were also under pressure as the unrest in Iraq and between Ukraine in Russia - sup- portive factors for both in recent weeks - remained in a lull. Brent crude dipped back below $111 a barrel and was set to post its biggest weekly loss since early January. U.S. oil fu- tures were down for a seventh straight day and heading for their longest such run since 2009. US Gold edged up slightly after yesterday's heavy sell off. Not much movement is expected today as US market main trading session is closed for the Independence Day. On Thursday, gold lost its safe-haven appeal amid signs of a strong US economic recovery could force the Federal Re- serve to reconsider its vow and raise rates sooner than ex- pected. The prices ended lower on Friday ,after touching the lowest in five weeks, hurt by the upbeat US employ- ment report which showed that the world's largest econ- omy added more jobs than estimated in June, suggesting the US recovery may be gaining traction. COMEX Gold for August delivery quotes at $1,322.10 a troy ounce, up $1.50 and Silver July quotes at $21.182 a troy ounce, up $0.045 on Friday. Local gold recovered after hit- ting nearly two weeks low as global futures edged up amid falling local currency. MCX August gold is quoting at Rs 27,550, up Rs 86 and the silver July is quoting at Rs 44,981, up Rs 134 on Friday. About 4,000 small- and medium-sized foundry units face the threat of closure, owing to inability to pass the steep rise in raw material prices to consumer industries, due to a fall in demand from downstream entities. With an annual output of about 10 million tonnes, the Indian foundry sec- tor has about 4,500 casting (molten metal) units, of which 85 per cent can broadly be categorised as small and me- dium enterprises (SMEs). While 10 per cent are medium units, the rest are large manufacturing plants. Aluminium futures prices fell 0.26% to Rs 115.35 per kg, as speculators reduced positions amid a weak trend in base metals at LME. At the MCX, aluminium for delivery in Au- gust lost 30 paise, or 0.26 per cent, to Rs 115.35 per kg, with a business turnover of 250 lots. The July contract shed 25 paise, or 0.22 per cent, to trade at Rs 114.15 per kg in a turnover of 250 lots.
  • 5. DAILY REPORT 07th JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS DHANIYA BUY DHANIYA JUL ABOVE 11025 TGTS 1160,11090 SL 10990 SELL DHANIYA JUL BELOW 10940 TGTS 10900,10860 SL 10995 GUARSEED BUY GUARSEED JUL ABOVE 5500 TGTS 5540,5580 SL 5470 SELL GUARSEED JUL BELOW 5450 TGTS 5410,5370 SL 5490 NCDEX NCDEX INDICES Index Value % Change Castor Seed 4304 -1.49 Chana 2695 -3.99 Coriander 11330 +1.20 Cotton Seed Oilcake 1667 +0.97 Guarseed 500 +1.69 Jeera 11190 -0.09 Mustard seed 3497 +0.26 Soy Bean 3965 +0.08 Sugar M Grade 3058 -0.46 Turmeric 6466 -1.80 NCDEX ROUNDUP Jeera futures ended a tad lower after trading with extreme volatility. The NCDEX Jeera July delivery ended the day at Rs 11,195, down Rs 5 or 0.04%. Comfortable supplies on the back of record output along with huge carryover stocks amid weak demand are keeping prices under pressure. Traders are expecting that exports of the commodity should rise in coming months amidst reports of lower production in Turkey and geopolitical crisis Syria. Jeera futures traded in the range of Rs 11,450-11,040 level last week with down- ward bias and prices closed the Friday's session lower amid high volatility. The July contract settled the day at Rs 11,195, down Rs 5 or 0.04% and the open interest dipped 648 tonnes to 4,827 tonnes, indicating profit taking. To support the ailing sugar industry, the government on Saturday removed quantitative ceiling on organic sugar ex- ports. The government had kept a ceiling of 10,000 tonnes on organic sugar exports. Paddy sowing has already commenced in some regions and is set to pick up pace after July 10. Last kharif season year, farmers recorded about 35 per cent profits on basmati com- pared to the previous kharif season, primarily due to rising exports, a fall in the rupee against the dollar and a rise in demand in West Asia.
  • 6. DAILY REPORT 07th JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 EUR/INR SELL EUR/INR BELOW 81.39 TGTS 81.24, 81.09 SL 81.59. BUY EUR/INR ABOVE 81.71 TGTS 81.86, 82.01 SL 81.51. USD/INR SELL USD/INR BELOW 59.89 TGTS 59.74, 59.59 SL 60.09. BUY USD/INR ABOVE 60.19 TGTS 60.34, 60.49 SL 59.99. CURRENCY ROUNDUP The Indian rupee came off its highs and traded nearly un- changed at Rs 59.74 compared to its previous close of Rs 59.73 to the dollar after the Reserve Bank of India stepped up dollar purchases while subdued domestic stock market also weighed on sentiment. The Indian rupee was little changed on Friday as caution set in ahead of Prime Minister Narendra Modi's maiden budget, although the currency posted its biggest weekly gain in 1-1/2 months on strong foreign inflows. The Reserve Bank of India was also spotted buying dollars, continuing its pattern of intervention to prevent the rupee from gaining sharply as strong foreign flows helped send the NSE index to its record high for a third straight day. The rupee rose 0.6 percent for the week, posting its strong- est gain since the week of May 16 that saw the election of Modi as prime minister, although the unit has ceded ground since hitting a three-week intraday high of 59.52 on Thurs- day. The partially convertible rupee closed at 59.72/73 per dollar compared with 59.73/74 on Thursday. U.S. Treasury yields hit a two-month high, which in turn bur- nished the dollar's appeal. The benchmark 10-year yield ended at 2.64 percent after going as high at 2.69 percent. Treasuries weren't trading on Friday. The dollar was though and it was at a one-week peak against a basket of rivals despite being a touch softer against the yen at 102.05 yen. The euro fell further against the U.S. dollar on Friday, hover- ing near one-week lows after the release of downbeat Ger- man factory orders and as comments by European Central Bank President Mario Draghi continued to weigh. Euro cur- rency quoted at $1.3591, down 0.15% and the US dollar in- dex is quoting up at 80.34 levels, up 0.10% on Friday. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 59.7939 Yen-100 58.6000 Euro 81.3203 GBP 102.6601
  • 7. DAILY REPORT 07th JULY 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 04/07/14 MCX GOLD AUG. BUY 27550 27650-27800 27450 NO PROFIT NO LOSS 04/07/14 MCX GOLD AUG. SELL 27400 27300-27150 27520 NOT EXECUTED 04/07/14 MCX SILVER JULY BUY 45000 45250-45450 44750 NO PROFIT NO LOSS 04/07/14 MCX SILVER JULY SELL 44600 44350-44100 4850 NOT EXECUTED 04/07/14 NCDEX GUARSEED JULY BUY 5500 5540-5580 5470 WRONG LEVELS 04/07/14 NCDEX GUARSEED JULY SELL 5450 5410-5370 5490 WRONG LEVELS 04/07/14 NCDEX DHANIYA JULY BUY 11025 11060-11090 10990 WRONG LEVELS 04/07/14 NCDEX DHANIYA JULY SELL 10940 10900-10860 10995 WRONG LEVELS 04/07/14 GBP/INR JULY BUY 103.04 103.19-103.34 102.84 SL TRIGGERED 04/07/14 GBP/INR JULY SELL 102.64 102.49-102.34 102.84 NOT EXECUTED 04/07/14 USD/INR JULY SELL 59.92 59.77-59.62 60.12 NO PROFIT NO LOSS 04/07/14 USD/INR JULY BUY 60.38 60.53-60.68 60.18 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 04/07/14 NIFTY FUTURE BUY 7775 7825-7875 7725 CALL OPEN 04/07/14 GLENMARK FUTURE BUY 605-610 620-635 590 CALL OPEN 04/07/14 SAIL FUTURE SELL 95 92-89 98 CALL OPEN 04/07/14 JP ASSOCIAT CASH SELL 70 68.5-50.67 71.5 NOT EXECUTED 03/07/14 NIFTY FUTURE BUY 7760 7810-7860 7710 CALL OPEN 03/07/14 MAHALIFE CASH BUY 565 570-580 560 SL TRIGGEERD 01/07/14 IDFC FUTURE BUY 132-135 138-140 128 CALL OPEN
  • 8. DAILY REPORT 07th JULY 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, JULY 07 NONE SCHEDULED TUESDAY, JULY 08 7:30 AM NFIB SMALL BUSINESS INDEX JUNE -- 96.6 10 AM JOB OPENINGS MAY -- 4.5 MLN 3 PM CONSUMER CREDIT MAY -- $27 BLN WEDNESDAY, JULY 09 2 PM FOMC MINUTES THURSDAY, JULY 10 8:30 AM WEEKLY JOBLESS CLAIMS 7/5 N/A 315,000 10 AM WHOLESALE INVENTORIES MAY -- 1.1% FRIDAY, JULY 11 2 PM FEDERAL BUDGET JUNE -- -$117 BLN