Special market report by epic research 22 april 2014


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Special market report by epic research 22 april 2014

  1. 1. DAILY REPORT 22nd APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Asian shares were supported on Tuesday after Wall Street stocks extended gains into a fifth day, though investors continued to see tensions in Ukraine as a threat to risk ap- petite. Japan's Nikkei share average opened up 0.5 percent. MSCI's broadest index of Asia-Pacific shares outside Japan was almost flat in early trade, but not far from a six-month high hit earlier this month. Wall Street Update U.S. markets were optimistic yesterday on a solid gain in U.S. leading indicators and signs that earnings are improv- ing, All of Monday's U.S. corporate results showed upside earnings surprises. The Dow Jones industrial average .DJI rose 40.71 points or 0.25 percent, to end at 16,449.25. The S&P 500 .SPX gained 7.04 points or 0.38 percent, to close at 1,871.89. The Nasdaq Composite .IXIC added 26.03 points or 0.64 percent, to finish at 4,121.546. Previous day Roundup Equity benchmarks saw new record highs (at closing) on Monday with the Nifty closing above the 6800-mark for the first time supported by capital goods, auto and banks stocks. However, the fall in FMCG, technology, pharma and HDFC group stocks capped the upside. The Sensex climbed 135.99 points to close at 22764.83 and the Nifty rose 38.25 points to 6817.65, continuing uptrend for the second consecutive session. Indian shares hit record highs on Monday as lenders such as Axis Bank rallied ahead of their financial results starting later this week, while strong gains in debt markets reduced concerns about potential losses in the sector's bond port- folios. Index stats The Market was very volatile in Monday s session. The sar- torial indices performed as follow Consumer Durables [up 27.58pts], Capital Goods [up 351.13pts], PSU [up 84.98pts], FMCG [down 27.37pts], Realty [down 4.12pts], Power [up 6.54pts], Auto [up 179.60pts], Healthcare [up 4.12pts], IT [down 60.92pts], Metals [up 238.47pts], TECK [down 8.91pts], Oil& Gas [up 18.93 pts]. World Indices Index Value % Change D J l 16,449.25 +0.25 S&P 500 1,871.89 +0.38 NASDAQ 4,212.55 +0.64 EURO STO 3,155.81 +0.53 FTSE 100 6625.25 +0.62 Nikkei 225 14,551.35 +0.27 Hong Kong 22,725.04 -0.15 Top Gainers Company CMP Change % Chg LT 1321.50 52.55 +4.14 SSLT 199.75 7.05 +3.66 M&M 1033.15 36.20 +3.63 PNB 805.00 25.40 +3.26 BHARTIARTL 335.90 10.35 +3.18 Top Losers Company CMP Change % Chg WIPRO 545.00 40.85 -6.97 HINUNILVR 597.00 12.45 -2.04 CAIRN 362.40 6.45 -1.75 DLF 157.50 2.15 -1.35 POWERGRID 106.00 1.20 -1.12 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg ADANIPORTS 203.75 5.35 +2.7 ARVIND 197.75 2.00 +1.04 BIOCON 497.00 42.25 +9.29 HEXAWARE 172.80 3.45 +2.04 ICICBANK 1279.55 16.70 +1.32 Indian Indices Company CMP Change % Chg NIFTY 6,817.65 +38.25 +0.56 SENSEX 22,764.83 +135.99 +0.60 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg
  2. 2. DAILY REPORT 22nd APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1.YES BANK [FUTURE] YES BANK FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 430 levels. We advise buying around 430-435 levels with strict stop loss 422 for the targets of 442-448 levels. 2. BANK OF INDIA [FUTURE] BANK OF INDIA FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sus- tains 225 levels. We advise buying around 225-228 levels with strict stop loss 217 for the targets of 235-240 levels. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. LIBERTY SHOES LIBERTY SHOES is looking strong on charts. We advise buy- ing around 180-185 levels with strict stop loss of 176 for the targets of 192-198 levels. MACRO NEWS Rs 3.3 lakh cr. invested in 113 infrastructure projects. India reduced its exposure to US treasury securities in Feb. along with other BRICS economies due to a slow- down in portfolio investment resulting in lower sur- pluses in these economies. India cut its exposure in US treasury bonds by 1.6%, or $1.1bn, in Feb. to $67 bn, data released by US treasury dept. showed. While China, Brazil, Russia and South Africa too trimmed their exposure in the US govt bonds, the overall FII in these bonds rose 0.77% to $5.9 tn during the month. Crisil pegs average growth at 6.5pc over the next 5 fis- cals. India, Bangladesh need cooperation in rice seed trade: Study. Peru-India study group for Free Trade Agreement likely to form in June-July. RBI likely to be in pause mode till December: Bank of America Merrill Lynch. Non-compete clause for FDI in pharmaceutical compa- nies will not be applicable: Reserve Bank of India. Results Today: HDFC Bank, MRF , Rallis India , Tata Elxsi , Tata Metaliks , Zensar Technologies , Mahindra Life , Indiabulls Securities , Agro Tech Foods.
  3. 3. DAILY REPORT 22nd APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 FUTURE & OPTION MOST ACTIVE PUT OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts ) Open Interest NIFTY PE 6,800 17 5,22,931 45,69,150 NIFTY PE 6,700 3.85 3,50,443 68,47,250 NIFTY PE 6,600 1.55 1,80,287 67,81,750 BANKNIFTY PE 12,800 31 36,776 1,82,300 SBIN PE 2,000 2.65 5,248 1,79,125 TCS PE 2,200 10.15 3,604 2,97,625 RELIANCE PE 960 8 2,758 3,29,000 ICICIBANK PE 1,250 2.85 2,237 2,67,250 MOST ACTIVE CALL OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 6,800 44 5,27,690 39,85,800 NIFTY CE 6,900 6.25 3,17,674 46,06,350 NIFTY CE 6,850 17.5 1,84,588 17,24,600 BANKNIFTY CE 13,000 89 82,552 4,11,250 SBIN CE 2,100 13.7 8,883 3,96,000 TCS CE 2,250 11.6 5,194 2,70,250 RELIANCE CE 960 8.8 4,334 5,49,750 JPASSOCIAT CE 60 0.45 4,324 85,04,000 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 120322 4059.32 109241 3681.38 443076 15076.81 377.94 INDEX OPTIONS 361503 12069.94 350480 11715.26 1576654 53630.63 354.68 STOCK FUTURES 394427 14417.89 404776 14721.23 1180645 42149.72 -303.34 STOCK OPTIONS 57425 2087.05 58642 2125.65 66941 2398.53 -38.60 TOTAL 390.68 INDICES R2 R1 PIVOT S1 S2 NIFTY 6771.45 6794.55 6810.0 6833.1 6848.55 NIFTYJUNIOR 13652.2 13728.59 13771.65 13848.05 13891.1 BANK NIFTY 12769.46 12863.98 12933.36 13027.88 13097.26 STOCKS IN NEWS Suzlon to mull capital rejig, fund raising in board meet. India may drag US to WTO in case of unilateral IPR ac- tion. RIL to open 2K exclusive telecom products outlets. Petronet invites bids to lease out LNG storage tanks at Kochi. Petronet invites bids to lease out LNG storage tanks at Kochi. NIFTY FUTURE Nifty Future closed in the green in the last trading ses- sion. We advise buying around 6800-6820 levels with strict stop loss of 6770 for the targets of 6860-6890.
  4. 4. DAILY REPORT 22nd APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER(MAY) ABOVE 42250 TGTS 42450/42750 SL 41950 SELL SILVER(MAY) BELOW 41750 TGTS 41550/41250 SL 42100 GOLD TRADING STRATEGY: BUY GOLD(JUN) ABOVE 28660 TGTS 28740/28840 SL 28540 SELL GOLD(JUN) BELOW 28450 TGTS 28370/28270 SL 28570 COMMODITY ROUNDUP Oil prices, in fact, were supported by worries over Ukraine. U.S. crude futures stood at $104.29 per barrel, near a six- week high of $104.99 hit on Thursday. Nickel concentrate imports by China, largest user of the metal, reached the highest level in 19 months as rising metal prices encouraged smelters to purchase the raw ma- terial from overseas to boost output. Imports were 68,073 tonnes last month, the highest since August 2012. The in- dustrial metal, used to make stainless steel, climbed 29 per cent this year, the best performer among the main six base metals on the London Metal Exchange after Indonesia, the world's biggest producer of mined nickel, banned exports of unprocessed ores in January. Tracking a weak global trend, silver prices moved down by 1.26% to Rs 41,843 per kg in futures trade yesterday as speculators offloaded positions. At the MCX, silver for deliv- ery in May moved down by Rs 534, or 1.26%, to Rs 41,843 per kg in a business turnover of 1,817 lots. Similarly, the white metal for delivery in July declined sharply by Rs 509, or 1.18%, to Rs 42,615 per kg in 207 lots. Speculators trimmed positions in tandem with a weak global trend as investors assessed prospects for further cuts to the US Fed- eral Reserve's stimulus programme amid signs of recovery in the world's largest economy that mainly weighed on the silver prices at futures trade. Meanwhile, silver fell by 1.90% to USD 19.25 an ounce in Singapore, the lowest level since April 5. Lead prices eased by 0.54% to Rs 128.10 per kg in futures trade yesterday as speculators indulged in reducing expo- sures at prevailing levels. At the Multi Commodity Ex- change, lead for delivery in April fell by 70 paise, or 0.54%, to Rs 128.10 per kg in a business turnover of 512 lots. The metal for delivery in May also fell by 45 paise, or 0.35%, to Rs 129.60 per kg in a turnover of 13 lots. The fall in lead fu- tures was mostly due to reducing of positions by specula- tors amid subdued demand from battery-makers at spot markets. Copper prices fell by 0.16% to Rs 406.75 per kg in futures trade yesterday as speculators offloaded their positions even as it strengthened in Shanghai. At MCX copper for de- livery in April fell 65 paise, or 0.16%, to Rs 406.75 per kg in business turnover of 1,245 lots. COMMODITY MCX
  5. 5. DAILY REPORT 22nd APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS DHANIYA BUY DHANIYA MAY ABOVE 9750 TGTS 9780,9830 SL 9700 SELL DHANIYA MAY ABOVE 9665 TGTS 9635,9585 SL 9715 GUARSEED BUY GUARSEED MAY ABOVE 4880 TGTS 4910,4960 SL 4820 SELL GUARSEED MAY BELOW 4800 TGTS 4770,4720 SL 4850 NCDEX NCDEX INDICES Index Value % Change Castor Seed 3918 -1.63 Chana 3084 -1.91 Coriander 9740 +1.56 Cotton Seed Oilcake 1541 +2.39 Jeera 4845 -0.10 Maize– Feed/Industrial Grade 10165 +1.45 Mustard seed 3491 +0.32 Soy Bean 4424 +0.57 Turmeric 6884 +3.80 NCDEX ROUNDUP Government has decided to continue with the export sub- sidy of Rs 3,300 per tonne on raw sugar shipments for the April-May period. The export subsidy was fixed at Rs 3,300 per tonne for the February-March period. CCEA had also decided to review the subsidy amount after every two months depending on the rupee-dollar exchange rate. Onion prices rise about 40 per cent in a week. Vegetable prices rise by 10-20% as soaring temperature spoiling the crops. Tea industry facing sustainability challenges. Coriander prices rose by 1.18% to Rs 9,703 per quintal in futures trade yesterday as speculators enlarged their posi- tions on rising demand in the spot markets. At the NCDEX, coriander for May delivery gained Rs 113, or 1.18%, to Rs 9,703 per quintal with an open interest of 40,590 lots. Simi- larly, the spice for delivery in June traded higher by Rs 104, or 1.06%, to Rs 9,904 per quintal, with an open interest of 27,920 lots. Increased buying by speculators on pick-up in spot market demand against restricted arrivals from pro- ducing belts led the rise in coriander prices at futures trade.
  6. 6. DAILY REPORT 22nd APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 EUR/INR BUY EUR/INR ABOVE 83.84 TGTS 83.98, 84.13 SL 83.59. SELL EUR/INR BELOW 83.36 TGTS 83.22, 83.07 SL 83.61. USD/INR BUY USD/INR ABOVE 60.75 TGTS 60.89, 61.04 SL 60.51. SELL USD/INR BELOW 60.35 TGTS 60.21, 60.06 SL 60.60. CURRENCY ROUNDUP April/May election results pose risks to INR, Rupee opti- mism. Seasonal inflation tends to rise into year end, agricul- tural prices YTD unusually high already. Rupee sell-off could resume into 2Q/3Q, especially in the context of USD recov- ery. The Indian rupee opened flat at 60.30 per dollar on Monday as against Thursday's closing value of 60.29 a dollar and hit a one-month low on Monday and posted its worst single-day fall since March 20, weighed down by good dollar demand from oil and gas importers and as tension in Ukraine kept global markets on the edge. The yen stood near a two-week low against the dollar, smarting from Japanese trade data on Monday showing soft exports in March and a record trade deficit in the fiscal year that ended in that month. The dollar fetched 102.65 yen, near Monday's peak of 102.71 yen, which was its highest level since April 8. The euro traded at $1.3793, also near its lowest level in almost two weeks, after European Central Bank officials expressed concern that a strengthening currency could damage the euro zone's nascent recovery. The offshore yuan stood at 6.2290 to dollar, after hitting a 14-month low of 6.2325 on Monday on worries over a slow- ing Chinese economy and following Beijing's clamp-down on one-direction bets on the yuan's gains since February. The Reserve Bank of India said on Monday it accepted all 48 bids for 189.68 billion rupees ($3.14 billion) at its one-day repo auction, through which it injects liquidity into the banking system. Indian banks' refinancing with RBI rises to 366.60 billion rupees. Indian banks' cash balances with RBI fall to 3.19 trillion rupees. U.S. Treasuries yields were little changed on Monday after anticipation of another round of strong U.S. economic data limited safe-haven bids, and as traders discounted conflict in Ukraine and emphasized efforts to ease tensions in the country. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 60.3350 Yen-100 58.8500 Euro 83.3835 GBP 101.4050
  7. 7. DAILY REPORT 22nd APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 CALL REPORT PERFORMANCE UPDATES Date Commodity/ Currency Pairs Contract Strategy Entry Level Target Stop Loss Remark 21/04/14 MCX GOLD MAY BUY 28650 28730-28830 28550 NOT EXECUTED 21/04/14 MCX GOLD MAY SELL 28400 28320-28220 28500 BOOKED PROFIT 21/04/14 MCX SILVER MAY BUY 42700 42950-43300 42400 NOT EXECUTED 21/04/14 MCX SILVER MAY SELL 42100 41850-41500 42400 BOOKED PROFIT 21/04/14 NCDEX GUARSEED MAY BUY 4880 4910-4960 4830 NOT EXECUTED 21/04/14 NCDEX GUARSEED MAY SELL 4800 4770-4720 4850 NOT EXECUTED 21/04/14 NCDEX DHANIYA MAY BUY 9620 9650-9700 9570 BOOKED FULL PROFIT 21/04/14 NCDEX DHANIYA MAY SELL 9565 9536-9485 9570 NOT EXECUTED 21/04/14 JPY/INR APR. BUY 59.51 59.64-59.79 59.26 NOT EXECUTED 21/04/14 JPY/INR APR. SELL 59.07 58.94-58.79 59.32 NO PROFIT NO LOSS 21/04/14 GBP/INR APR. SELL 101.44 101.30-101.15 101.69 SL TRIGGERED 21/04/14 GBP/INR APR. BUY 101.90 102.04-102.19 101.65 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 21/04/14 NIFTY FUTURE BUY 6750- 6780 6830-6860 6720 NOT EXECUTED 21/04/14 ARVIND FUTURE BUY 190-191 193-195 188 NOT EXECUTED 21/04/14 TATAMOTORS FUTURE BUY 425-428 435-440 415 BOOKED PROFIT 21/04/14 SASKEN CASH BUY 210-215 225-235 200 BOOKED PROFIT 16/04/14 TCS FUTURE BUY 2200- 2240 2280-2300 2160 CALL OPEN 15/04/14 INDUSIND BANK FUTURE SELL 500-495 480-460 520 CALL OPEN
  8. 8. DAILY REPORT 22nd APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 NEXT WEEK'S U.S. ECONOMIC REPORTS ECONOMIC CALENDAR The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility. The information given herein should be treated as only factor, while making invest- ment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular invest- ments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views ex- pressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. We are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid or Unpaid), any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken. Disclaimer TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS MONDAY, APRIL 21 10 AM LEADING INDICATORS MARCH -- 0.5% TUESDAY, APRIL 22 9 AM FHFA HOME PRICE INDEX FEB. 10 AM EXISTING HOME SALES MARCH 4.54 MLN 4.60 MLN WEDNESDAY, APRIL 23 9 AM MARKET "FLASH" PMI APRIL -- 55.5 10 AM NEW HOME SALES MARCH 455,000 440,000 THURSDAY, APRIL 24 8:30 AM JOBLESS CLAIMS 4/245 N/A 304,000 8:30 AM DURABLE GOODS ORDERS MARCH 1.9% 2.2% FRIDAY ,APRIL 25 9:55 AM UMICH CONSUMER SENTIMENT APRIL 82.6 82.6