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Stock market special report by epic research 10th 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 10th june 2014

  1. 1. DAILY REPORT 10nd JUNE 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Asia stocks edged up to a three-year high on Tuesday after a record-breaking Wall Street bull run continued on the back of economic optimism, while rising yields supported the dollar. Monetary easing by the European Central Bank last week has brightened the mood for risky assets glob- ally, with an upbeat U.S. nonfarm payrolls report released Friday giving further impetus. During European morning trade, the DJ Euro Stoxx 50 rose 0.26%, France's CAC 40 inched 0.06% higher, while Germany's DAX edged up 0.10%. European equities found support after the ECB last Thursday cut the main refinancing rate in the euro area to a record low 0.15% and imposed negative deposit rates on commercial lenders, in a bid to stimulate lending to busi- nesses. Wall Street Update On Wall Street overnight the S&P 500 ended at a fourth straight record closing high and the Dow at its third. Tokyo shares gained 0.1 percent. MSCI's broadest index of Asia- Pacific shares outside Japan was up 0.2 percent after touching 492.11, its highest since July 2011 The Dow Jones industrial average .DJI rose 18.82 points or 0.11 percent, to 16,943.10. The S&P 500 .SPX gained 1.83 points or 0.09 percent, to 1,951.27. The Nasdaq Composite .IXIC added 14.84 points or 0.34 percent, to 4,336.24. Previous day Roundup It was a powerful rally for the market as the Nifty re- mained above 7600 throughout the day. The Nifty was up 71.20 points or 0.94 percent at 7654.60 while the Sensex ended up 83.75 points or 0.72 percent at 25580.21. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 155.69pts], Capital Goods [up 399.25pts], PSU [[up 86.63pts], FMCG [up 2.27pts], Realty [up 127.98 pts], Power [up 52.71pts], Auto [up 249.44pts], Healthcare [up 57.75pts], IT [up 71.06pts], Metals [up 270.66pts], TECK [up 51.86pts], Oil& Gas [down 5603pts]. World Indices Index Value % Change D J l 1943.10 +0.11 S&P 500 1951.27 0.09 NASDAQ 4336.24 0.34 EURO STO 3305.26 0.33 FTSE 100 6875.00 0.24 Nikkei 225 15068.51 -0.37 Hong Kong 23113.76 0-0.02 Top Gainers Company CMP Change % Chg GRASIM 3693.10 378.30 +11.41 POWERGRID 137.20 9.10 +7.10 BAJAJ-AUTO 2162.30 113.90 +5.56 COALINDIA 411.40 20.7 +5.31 ASIANPAINT 529.90 24.55 +4.86 Top Losers Company CMP Change % Chg ONGC 453.8 11.85 -2.54 BPCL 614.5 13.60 -2.17 HINDUNILVR 630.80 9.15 -1.43 SBIN 276.10 33.70 -1.23 INFY 2980.00 23.05 -0.77 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg ACC 1503.00 64.10 +4.45 ABIRLANUVO 1462.00 34.45 +2.41 BATAINDIA 1232.30 5.15 -0.42 CAIRN 372.60 2.10 -0.56 CANARA BANK 491.20 22.15 +4.72 Indian Indices Company CMP Change % Chg NIFTY 7654.60 +71.20 +0.94 SENSEX 25,580.21 +183.75 +0.72 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg
  2. 2. DAILY REPORT 10nd JUNE 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. POWER GRID FUTURE POWER GRID FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 135 levels. We advise buying around 135-138 levels with strict stoploss 130 for the targets of 142-145 levels. 2. JAIN IRRIGATION FUTURE JAIN IRRIGATION FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sus- tains above 128 levels. We advise buying around 126-128 levels with strict stop loss 120 for the targets of 134-139 levels. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. KOLTE PATIL KOLTE PATIL strong on the chart .We advise buying around 163.50 level with strict stop loss 160 for the targets of 167-171 MACRO NEWS state-run lender Bank of India plans to expand its branch network to over 5,450 and recruit 1,000 probationary offi- cers and 3,500 clerical personnel in the current fiscal to build infrastructure, a top official said today. he Reserve Bank today said the Basel III liquidity coverage ratio (LCR) will be introduced in a phased manner with a requirement of 60 percent from January 2015. The central bank today released the final Basel III framework on li- quidity standards, which includes guidelines on liquidity coverage ratio (LCR), liquidity risk monitoring tools and LCR disclosure standards. Raising capital through the qualified institutional place- ment (QIP) route has been a hit this calendar year, with four issues already mopping up Rs 11,455 crore in the first five months - nearly 30 per cent more the Rs 8,075 crore 10 companies raised in full 2013. In fact, the amount raised this year has been the highest since 2010 Tata-SIA Airlines Ltd, a joint venture between the Tata group and Singapore Airlines, is gearing up to start the recruitment process, for which recruitment advertise- ments will be released this week
  3. 3. DAILY REPORT 10nd 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 7,500 41.25 2,83,052 45,55,950 NIFTY PE 7,600 69 2,75,379 31,29,700 NIFTY PE 7,400 24.45 2,34,995 39,98,550 BANKNIFTY PE 15,000 141 15,739 3,45,000 SBIN PE 2,500 16.5 2,082 1,44,375 RELIANCE PE 1,100 19.5 1,558 5,52,000 UNITECH PE 30 0.5 1,468 62,40,000 LT PE 1,700 32.4 1,448 83,250 MOST ACTIVE CALL OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 7,700 77.05 3,71,724 41,14,200 NIFTY CE 7,800 42 3,43,257 40,36,400 NIFTY CE 7,600 130 2,26,139 42,46,150 BANKNIFTY CE 16,000 166.2 18,139 2,60,775 UNITECH CE 40 2.05 5,939 1,50,60,000 SBIN CE 2,800 48.1 3,627 3,20,625 RELIANCE CE 1,140 29.25 3,581 9,16,250 ICICIBANK CE 1,500 39 3,219 5,85,250 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 41297 1568.41 52571 1989.77 262115 9990.22 -421.36 INDEX OPTIONS 297613 11201.26 283900 10618.07 1432186 54359.24 583.19 STOCK FUTURES 110646 4170.80 93129 3563.48 1514142 56540.29 607.32 STOCK OPTIONS 65584 2450.40 66594 2481.75 83004 3160.51 -31.35 TOTAL 737.80 INDICES R2 R1 PIVOT S1 S2 NIFTY 7604 7661 7696 7756 7787 BANK NIFTY 15402.4 15484.9 15605.3 15687.8 15808.3 STOCKS IN NEWS IDBI Bank gets board nod to raise up to Rs 4,000 crore via QIP, FPO Future Retail board will meet on June 11 to mull op- tions of raising funds CLSA says Grasim is its top conviction buy in India. Its target price on the stock is Rs 4900 Government invites bids to appoint valuer for its stake in Hindustan Zinc (HZL) NIFTY FUTURE Nifty Future closed upside in the last trading session. We advise buying around 7690 levels with strict stoploss of 7640 for the targets of 7740-7790
  4. 4. DAILY REPORT 10nd JUNE 2014 YOUR MINTVISORY Call us at +91-731-6642300 COMMODITY MCX RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER ABOVE 40400 TGT 40750,41000 SL BELOW 39950 SELL SILVER BELOW 39900 TGT 39680,39380 SL ABOVE 4040 GOLD BUY GOLD ABOVE 25950 TGT 26020,26120 SL BELOW 25800 SELL GOLD BELOW 25900 TGT 25720,25620 SL ABOVE 26020 TRADING STRATEGY: COMMODITY ROUNDUP The Reserve Bank of India (RBI)’s move to liberalise gold import norms has started showing results. In the last few days, import flow has increased, resulting in a fall in spot premia. It is believed in four-five days, banks imported seven-eight tonnes of gold. In the last two days, the pre- mium for physical delivery has fallen by half to $20/oz. At Zaveri Bazar here, spot prices have fallen to below Rs 27,000/10g. A source involved in importing gold said, “The market has started discounting for the import duty cuts in gold expected in the Union Budget to be announced early next month.” On Saturday, the gold price in the spot market here closed at Rs 26,940/10g, an 11-month low. In intra-day trade, it the price had fallen to Rs 26,800. Snapping its losing streak, gold prices recovered by Rs 40 to Rs 27,240 per 10 grams in the national capital today on emergence of buying at exist- ing lower levels amid a better trend in global markets. However, silver lacked necessary follow-up support from industrial units and lost Rs 200 to Rs 40,500 per kg. Marketmen attributed the recovery in gold prices to revival of buying by jewellers and retail customers at prevailing levels Besides, a better trend in global markets also sup- ported the upside, they said. Gold in New York, which nor- mally sets price trend in the domestic markets, rose 0.11 per cent to $1,244.90 an ounce in yesterday's trade. Oil prices were mixed in Asian trade today after the Eurpean Central Bank (ECB) announced an unprecedented cut in in- terest rates, while tensions between Ukraine and Russia look to be easing. US benchmark, West Texas Intermediate (WTI) for delivery in July eased one cent to $102.47 a barrel while Brent North Sea crude for July was up 10 cents at $108.89. "With geopolitical tensions out of the way and the dollar fluctuating less, it's not surprising that crude has come off," Kelly Teoh, managing director at IR Resources in Bangkok told AFP Europe's better-than-expected economic data and the in- terest rate cut means Brent will hold up," Teoh said. The ECB on Thursday slashed its deposit rate to -0.10%. This means banks will be charged for leaving funds at the ECB in the hope they might lend it on to businesses and consum- ers instead. It also cut its lending rate to a record low of 0.15% from 0.25 percent
  5. 5. DAILY REPORT 10nd JUNE 2014 YOUR MINTVISORY Call us at +91-731-6642300 NCDEX NCDEX INDICES Index Value % Change Castor Seed 3938 +3.69 Chana 2865 +1.52 Coriander 9485 +0.67 Cotton Seed Oilcake 1491 -2.29 Guarseed 5220 +2.25 Jeera 11130 +1.27 Mustard seed 3402 +0.06 Soy Bean 4575 -1.34 Sugar M Grade 2996 +0.03 Turmeric 6266 +1.59 NCDEX ROUNDUP Cardamom prices rose by Rs 12.70 to Rs 935 per kg in futures trade today as speculators created fresh posi- tions, supported by rising demand in spot markets. Further, restricted arrivals from producing regions also sup ported the uptrend in cardamom futures. At the Multi Commodity Exchange, cardamom for the June delivery rose by Rs 12.70, or 1.37%, to Rs 935 per kg in a business volume of 7 lots. Spice prices for the July contract rose by Rs 11.90, or 1.32%, to Rs 907 per kg in a business volume of 273 lots. rising export as well as spot demand and restricted supplies from producing regions mainly led to an up- surge in cardamom futures prices Crude palm oil fu- tures prices fell by 0.64% to Rs 510 per 10 kg today af- ter speculators booked profits at prevailing levels amid a weak trend overseas. At the Multi Commodity Ex- change, crude palm oil for delivery in June declined by Rs 3.30, or 0.64%, to Rs 510 per 10 kg in business turn- over of 185 lots. Similarly, the oil for delivery in July traded lower by Rs 2.80, or 0.54%, to Rs 506.60 per 10 kg in 122 lots. Ana- lysts said apart from profit-booking by speculators at existing higher levels, a weak trend in the global mar- ket influenced crude palm oil futures prices. In Malay- sia, RECOMMENDATIONS DHANIYA BUY DHANIYA JUL ABOVE 9830 TGTS 9860,9910 SL 9780 SELL DHANIYA JUL BELOW 9780 TGTS 9760,9710 SL 9830 GUARSEED BUY GUARSEED JUL ABOVE 5280 TGTS 5310,5360 SL 5230 SELL GUARSEED JUL BELOW 5165 TGTS 5135,5085 SL 5215
  6. 6. DAILY REPORT 10nd JUNE 2014 YOUR MINTVISORY Call us at +91-731-6642300 GBP/INR BUY GBP/INR ABOVE 99.79 TGTS 99.94, 100.09 SL 99.58. SELL GBP/INR BELOW 99.25 TGTS 99.10, 98.95 SL 99.46. JPY/INR SELL JPY/INR BELOW 57.82 TGTS 57.67, 57.52 SL 58.03. BUY JPY/INR ABOVE 58.20 TGTS 58.35, 58.50 SL 57.99. CURRENCY ROUNDUP The dollar traded higher against most major currencies on Monday after yield differentials between U.S. and European debt widened due to diverging monetary policy paths on both sides of the Atlantic. In U.S. trading on Monday, EUR/ USD was down 0.40% at 1.3589. The European Central Bank's recent decision to loosen policy coupled with expec- tations for the Federal Reserve to wind down stimulus pro- grams this year reflected in bond markets on Monday, which weakened the euro and fueled widespread demand for the dollar. Spain can borrow money more cheaply than the U.S. can, markets revealed earlier, and markets still haven't ruled out further ECB action down the road The yield on Spain's 10-year bonds fell to 2.6% on Monday, falling below their U.S. equivalent which was yielding 2.61%. The yield on Ireland's 10-year bonds fell to a euro-era re- cord low of 2.61% while the yield on German 10-year bonds fell to their lowest against their U.S. counterpart since 2005. Last Thursday, the ECB unveiled a package of measures to battle persistently low inflation rates in the euro area, in- cluding cuts to interest rates, while solid U.S. unemploy- ment data kept expectations firm for the Federal Reserve to wind down its monthly asset-purchasing program this year. The euro traded at session lows against the pound on Mon- day after yield differentials between U.S. and European debt widened due to the European Central Bank's recent decision to loosen monetary policy. In U.S. trading, EUR/ GBP was down 0.39% at 0.8090, up from a session low of 0.8089 and off a high of 0.8122.The pair was likely to find support at 0.8065, Thursday's low, and resistance at 0.8150, Wednesday's high. The European Central Bank's recent decision to loosen pol- icy coupled with expectations for the Federal Reserve to wind down stimulus programs this year reflected in bond markets on Monday, which weakened the euro against most major currencies, including the pound. As a result, Spain can borrow money more cheaply than the U.S. can, markets revealed earlier. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 59.0605 Yen-100 57.6500 Euro 80.6160 GBP 99.3457
  7. 7. DAILY REPORT 10nd 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 09/06/14 MCX GOLD JUNE BUY 25900 25980-26080 25800 NEAR TARGET 25966 09/06/14 MCX GOLD JUNE SELL 25800 25720-25620 25900 NOT EXECUTED 09/06/14 MCX SILVER JULY BUY 40050 40250-40550 39750 BOOKED PROFIT 09/06/14 MCX SILVER JULY SELL 39880 39680-39380 40180 NOT EXECUTED 09/06/14 NCDEX GUARSEED JUNE BUY 5005 5035-5085 5055 BOOKED FULL PROFIT 09/06/14 NCDEX GUARSEED JUNE SELL 4950 4920-4870 5000 BOOKED FULL PROFIT 09/06/14 NCDEX DHANIYA JUNE BUY 9560 9590-9640 9510 NOT EXECUTED 09/06/14 NCDEX DHANIYA JUNE SELL 9500 9470-9420 9550 NO PROFIT NO LOSS 09/06/14 EUR/INR JUNE BUY 81.17 81.32-81.47 80.96 NO PROFIT NO LOSS 09/06/14 EUR/INR JUNE SELL 80.76 80.61-80.46 80.97 NOT EXECUTED 09/06/14 USD/INR JUNE SELL 59.16 59.01-58.86 59.37 BOOKED PROFIT 09/06/14 USD/INR JUNE BUY 59.59 59.74-59.89 59.38 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 09/06/14 NIFTY FUTURE BUY 7600 7650-7700 7550 BOOKED PROFIT 09/06/14 RECL FUTURE BUY 352-358 365-375 343 BOOKED FULL PROFIT 09/06/14 TATA GLOBAL FUTURE BUY 172 176-180 168 CALL OPEN 09/06/14 BANK INDIA CASH BUY 330 335-340 325 SL TRIGGERED 06/06/14 HINDPETRO FUTURE SELL 450-455 475-490 430 CALL OPEN 06/06/14 RELIANCE INFRA FUTURE BUY 780-790 820-850 750 BOOKED PROFIT 06/06/14 PRAKASH IND CASH BUY 116 120-124 112 CALL OPEN 05/06/14 BANK OF BARODA FUTURE BUY 885-890 920-950 850 CALL OPEN 04/06/14 COAL INDIA FUTURE BUY 390-395 405-420 380 BOOKED FULL PROFIT
  8. 8. DAILY REPORT 10nd 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