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Stock market special report by epic research 13th august 2014


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Stock market special report by epic research 13th august 2014

  1. 1. DAILY REPORT 13th AUGUST 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Bulls took charge of Dalal Street posting a stellar rally. Asian shares struggled on Wednesday after Wall Street snapped a two-day rally with crisis in Ukraine sapping in- vestor confidence as it threatens a fragile economic recov- ery in Europe. MSCI's broadest index of Asia-Pacific shares outside Japan was off 0.04 % while Nikkei share average gave up 0.1 %. German shares led declines in European stocks on Tuesday as weak sentiment data and a gloomy outlook from con- sumer goods group Henkel provided more evidence the region's largest economy is being hurt by the conflict in Ukraine. Frankfurt's DAX index fell 1.2 percent. As Europe's earnings season draws to a close, STOXX Europe 600 com- panies have posted a 9.7 percent rise in second-quarter profits on average. But revenues have slipped 1.1% Wall Street U.S. stocks ended lower on Tuesday, snapping a two-day rally as energy shares tumbled on sliding oil prices. The pullback occurred on light volume typical of mid-August. The Dow Jones industrial average . DJI fell 9.44 points, or 0.06 percent, to close at 16,560.54. The S&P 500 .SPX ended down 3.17 points, or 0.16 percent, at 1,933.75. The Nasdaq Composite .IXIC lost 12.08 points, or 0.27 percent, to finish at 4,389.25. Indian Markts’ Previous day Roundup The Sensex ended up 361.53 points or 1.4 % at 25880.77. The Nifty closed above 7700, up 101.10 points or 1.3 % at 7727.05. About 1529 shares have advanced, 1381 shares declined, and 125 shares are unchanged. Both GAIL and Tata Motors were up 6 % each. HDFC, ONGC and NTPC were other major gainers in the Sensex. Among the losers were Bharti Airtel, Tata Power, Hero Motocorp, ITC and Maruti. Index stats The Market was up in last session. The sartorial indices per- formed as follow; Consumer Durables [up 119.48 pts], Capi- tal Goods [up 180.18 pts], PSU [up 134.66 pts], FMCG [up 8.31 pts], Auto [up 285.99 pts], Healthcare [up 156.74 pts], IT [up 12.06 Pts], Metals [up 114.16 pts], TECK [down-2.66 pts], Oil& Gas [up 175.70 pts], Power [up 26.63 pts], Realty [up 19.07 pts]. World Indices Index Value % Change D J l 16560.54 -0.06 S&P 500 1933.75 -0.16 NASDAQ 4389.25 -0.27 EURO STO 3023.77 -0.78 FTSE 100 6632.42 -0.01 Nikkei 225 15189.63 +0.19 Hong Kong 24794.59 +0.43 Top Gainers Company CMP Change % Chg TATAMOTORS 473.30 26.75 5.99 GAIL 412 21.65 5.55 HDFC 1119.60 56.40 5.30 ONGC 591.50 13.30 3.15 BPCL 591.50 18.05 3.15 Top Losers Company CMP Change % Chg BHARTI AIRTEL 370.95 -5.50 -1.46 TATAPOWER 89.80 -1.16 -1.16 MARUTI SUZUKI 2656.05 -8.50 -0.32 HINDALCO 185.20 -0.45 -0.24 HEROMOTOCO -2599 -5.95 -0.23 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg 8K MILES 198.75 22.60 11.37 ARTI INDUSTRIES 247.85 5.70 2.30 AMARAJABAT 522.80 5.20 0.99 GATI 137.10 1.70 1.24 JB CHEMICALS 206.75 22.45 12.18 Indian Indices Company CMP Change % Chg NIFTY 7727.05 101.10 +1.33 SENSEX 25880.77 361.53 +1.42 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg BHUSANSTL 305.00 76.20 -19.99
  2. 2. DAILY REPORT 13th AUGUST 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. GLENMARK FUTURE GLENMARK FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 690 levels. We advise buying around 685-690 levels with strict stop loss of 660 for the targets of 710-730 levels. 2.APOLLO HOSP FUTURE APOLLO HOSP FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sus- tains above 1060 levels. We advise buying around 1060- 1080 levels with strict stop loss of 1020 for the targets of 1100-1120. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. AMTEAK AUTO AMTEAK AUTO strong on daily chart. We advise buying around 249 level with strict stop oss 244 for the targets of 254-259 MACRO NEWS The June IIP data has come in at 3.4 % against 5 % MoM. Against poll estimates of 5.8%. The electricity sector grew at 15.7% against 6.3%, whereas the capital goods sector has shown a tremendous growth at 23 % against 4.5 % M- o-M. The mining sector growth came in at 4.3% against 2.7%, whereas the consumer goods contracted 10% ver- sus 3.7%. Even the consumer durables contracted 23.4% against 3.2%. Manufacturing grew at 1.8% against 4.8% M -o-M. Data for basic goods came in at 9% against 6%, while the consumer non-durables stood at 0.1% vs 3.9% M-o-M. Intermediate goods remained unchanged at 2.7%. The July CPI inflation came in at 7.96% against 7.46% MoM against poll estimate of 7.6%. The food inflation came in at 9.36 % against 7.97 %, whereas the data for clothing, footwear and bedding stood at 8.73 % against 8.65% M-o-M. Vegetable prices grew to 16.88% Vs 8.73%. The urban inflation stood at 7.42% against 6.82%, while the rural inflation came in at 8.45 % against 7.87% MoM. The combined fuel, light inflation came in at 4.47 % against 4.58 %.
  3. 3. DAILY REPORT 13th AUGUST 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 31 4,12,648 74,43,000 NIFTY PE 7,500 15.95 2,99,748 54,62,650 BANKNIFTY PE 14,500 47.65 26,234 3,92,700 BANKNIFTY PE 15,000 172.2 15,203 2,54,575 SBIN PE 2,400 29.4 3,075 3,18,625 TATAMOTORS PE 450 2.6 2,698 8,67,000 TATAMOTORS PE 470 8 2,591 8,84,000 HDFC PE 1,100 17.5 1,365 1,39,000 MOST ACTIVE CALL OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 7,700 107.25 3,93,826 33,97,350 NIFTY CE 7,800 55.15 3,83,553 53,46,150 BANKNIFTY CE 15,500 81 33,058 3,37,900 BANKNIFTY CE 15,000 291.85 22,078 2,65,625 SBIN CE 2,500 33.75 6,454 8,93,625 TATAMOTORS CE 480 8.9 5,169 11,64,000 TATAMOTORS CE 500 3.6 3,856 15,30,000 SBIN CE 2,450 53 3,514 3,01,125 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 72804 2794.36 36590 1403.59 235422 9085.39 1390.78 INDEX OPTIONS 292535 11205.69 266943 10175.08 1432404 55278.50 1030.62 STOCK FUTURES 56231 2070.98 39335 1431.69 1387173 49580.08 639.29 STOCK OPTIONS 47625 1847.90 48773 1899.02 70334 2566.94 -51.12 TOTAL 3009.56 INDICES R2 R1 PIVOT S1 S2 NIFTY 7,760.53 7,681.57 7,637.73 7,558.77 7,514.93 BANK NIFTY 15,534.87 15,331.33 15,213.72 15,010.18 14,892.57 STOCKS IN NEWS Results Today: Tata Steel, ONGC , Siemens, Unitech, GVKPower, GMRInfra, Voltas, MCX, FinTech, Max In- dia , Shree Renuka, BGR Energy, Dishman Pharma, RCF, MMTC, Lovable, HindCopper, Kaveri Seed, Gammon India, Jyothy Lab, Alembic, ABG Shipyard. SBI , PNB and IDBI Bank may soon begin process to de- clare Kingfisher Airlines willful defaulter. GMR Infra Board will consider, raising of funds through issue of equity shares. NIFTY FUTURE Nifty Future closed upside in the last trading session. We advise buying around 7760 level with strict stop loss of 7610 for the targets of 7810-7860
  4. 4. DAILY REPORT 13th AUGUST 2014 YOUR MINTVISORY Call us at +91-731-6642300 COMMODITY MCX RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER SEP ABOVE 43780 TGTS 43980,44280 SL 43480 SELL SILVER SEP BELOW 43500 TGTS 43300,43100 SL 43800 GOLD TRADING STRATEGY: BUY GOLD OCT ABOVE 28760 TGTS 28840,28940 SL 28690 SELL GOLD OCT BELOW 28650 TGTS 28570,28470 SL 28720 COMMODITY ROUNDUP COMEX Gold is holding just above $1310 per ounce mark amid quite trades today. The commodity has recovered af- ter easing slightly in Asian trades earlier. The strong dollar and a rather positive array of news on geopolitical front are likely to keep a tab on the commodity. Indian gold demand is holding steady but is likely to get affected if prices ap- proach near Rs 30000 per 10 grams in local spot markets- a very likely possibility if the Indian Rupee extends its current rout. India’s gold jewellery imports surged 10% toRs.696.44 cr in the first quarter of this fiscal as high premium on the yellow metal following tough import norms forced traders to get finished jewellery from abroad. Tracking a weak global trend, silver prices moved down by 0.38% to Rs 43,682 per kg in futures trade yesterday as speculators partially trimmed positions. At the Multi Com- modity Exchange, silver for delivery in September moved down by Rs 165, or 0.38%, to Rs 43,682 per kg in a business turnover of 434 lots. Similarly, the white metal for delivery in far-month December declined by Rs 141, or 0.32%, to Rs 44,500 per kg in three lots. Speculators trimmed positions in tandem with a weak global trend as ebbing tensions in the Middle East and Ukraine boosted global equities, damp- ing demand for the metal as an alternative investment, weighed on silver futures here. Meanwhile, silver traded lower at $19.99 an ounce from yesterday's $20.01 in Singa- pore yesterday. Zinc prices fell by 0.39% to 140.50 per kg after speculators trimmed positions, tracking a weak global trend. At the MCX zinc for delivery in current month, August declined by 55 paise, or 0.39%, to Rs 140.50 per kg in business turnover of 467 lots. The weakness in zinc at futures trade was mostly attributed to a weak trend in copper and other base metals in the global markets before July industrial produc- tion and retail sales data tomorrow from China, the world's biggest consumer of industrial metals. The Govt of India filed an appeal at the Dispute Settlement Body of the WTO against a panel report in the case of countervailing measures by the US against certain hot- rolled carbon steel products from India. The appeal will be heard by a three-member body and its report is likely within three months. European benchmark Brent crude oil fell to a 13-month low of $102.65 per barrel. It was last traded at $103.75.
  5. 5. DAILY REPORT 13th AUGUST 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS DHANIYA BUY DHANIYA SEP ABOVE 12225 TGTS 12255,12295 SL 12175 SELL DHANIYA SEP BELOW 12150 TGTS 12120,12070 SL 12200 GUARGUM BUY GUARGUM SEP ABOVE 15520 TGTS 15570,15670 SL 15430 SELL GUARGUM SEP BELOW 15420 TGTS 15370,15270 SL 15510 NCDEX NCDEX INDICES Index Value % Change Castor Seed 4273 0.92 Chana 2858 0.18 Coriander 11656 0.20 Cotton Seed Oilcake 1721 0.29 Guarseed 5444 3.03 Jeera 11085 0.41 Mustard seed 3504 0.60 Soy Bean 3579 0.34 Sugar M Grade 3077 -0.16 Turmeric 6380 0.22 NCDEX ROUNDUP Turmeric futures ended the day with nominal gains on Fri- day lead by fresh buying at low levels. The NCDEX turmeric September delivery ended the day at Rs 6610, up Rs 16 or 0.24% on Tuesday. Weak offtakes by the domestic and overseas buyers due to poor quality arrivals kept prices un- der pressure. However, long -term outlook is seen bullish as delayed monsoon rainfall and poor price realization might keep turmeric acreage lower in the current year. Turmeric September delivery rebounded from the two weeks low of Rs 6544 and ended the session a tad up at Rs 6610, up Rs 16 or 0.24% on Tuesday. The open interest added 255 tonnes to 15,980 tonnes, indicating fresh buying. Wheat and rice export from India are likely to fall about 15 per cent this year due to lower prices in global markets, ex- perts say. It is expected the export will also be affected by a steep rise in import duty by Iran, which accounts for the highest grain export from India. The Food and Agricultural Organization, the United Nations’ agriculture body, has said global food grain prices slumped to a six-month low in July. Cardamom futures surged further on strong buying amid weak arrivals due to the expected fall in the crop in the cur- rent year. MCX Cardamom September delivery ended the day at Rs 942.50, up Rs 9 or 0.96%. Cardamom made one month high as buying pushed prices higher amid fear of lower crop. The MCX Cardamom September delivery touched high of Rs 947.90 and ended the day at Rs 942.50, up Rs 9 or 0.96%. The open interest added 217 tonnes to 1,807 tonnes, indicating fresh buying.
  6. 6. DAILY REPORT 13th AUGUST 2014 YOUR MINTVISORY Call us at +91-731-6642300 EUR/INR BUY EUR-INR ABOVE 82.17 TG 82.37,82.67 SL 81.87 SELL EUR-INR BELOW 81.62 TG 81.42,81.12 SL 81.92 GBP/INR SELL GBP-INR BELOW 102.66 TG 102.46,102.16 SL 102.96 BUY GBP-INR ABOVE 103.02 TG 103.22,103.52 SL 102.70 CURRENCY ROUNDUP The Indian rupee rose slightly on Tuesday as gains in local shares improved sentiment even as global currency markets continued to see-saw because of conflicting signs coming from geo-political flashpoints such as eastern Ukraine. The partially convertible rupee closed at 61.08/09 per dollar, compared with Monday's close of 61.19/120. The unit has been rebounding after dropping to 61.74 last week, its low- est since March 5. Still, broader gains were capped after the euro fell towards nine-month lows against the dollar after a weak German sentiment survey raised concerns over the impact on euro zone economies of Western sanctions im- posed on Russia. In the offshore non-deliverable forwards, the one-month contract was at 61.44/49, while the three-month contract was at 62.02/12. The euro wallowed at $1.3368, sticking near nine-month low of $1.3333 hit last week. The euro nursed only modest losses early on Wednesday, having regained quite a bit of ground as markets got over a closely watched report that showed a slump in German economic sentiment. U.S. bonds slipped slightly on Tuesday, however, as traders sold some bond holdings in advance of a combined $40 bil- lion in longer-dated supply, sending the 10-year yield to 2.456 %, compared to a 14-month low of 2.349 % hit last week. U.S. Treasury debt yields rose on Tuesday as traders sold some bond holdings in advance of a combined $40 bil- lion in longer-dated supply, which some traders worry might not lure strong demand due to their low yields. The Japanese yen, which also tends to rise at times of de- pressed sentiment because of its wide use as a funding cur- rency, was off last week's high of 101.51 yen to trade at 102.28 yen. The yen hardly budged after data showed Ja- pan's economy shrank an annualized 6.8 % from the previ- ous quarter - the biggest contraction in three years, but bet- ter than market forecast. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 61.1847 Yen-100 59.8100 Euro 81.7762 GBP 102.5578
  7. 7. DAILY REPORT 13th AUGUST 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 12/08/14 MCX GOLD AUG. BUY 28660 28740-28840 28560 BOOKED FULL PROFIT 12/08/14 MCX GOLD AUG. SELL 28550 28470-28370 28650 NOT EXECUTED 12/08/14 MCX SILVER SEP. BUY 43940 44140-44440 43640 NO PROFIT NO LOSS 12/08/14 MCX SILVER SEP. SELL 43700 43500-43200 44000 SL TRIGGERED 12/08/14 NCDEX CAS- TORSEED OCT. SELL 4260 4230-4180 4310 SL TRIGGERED 12/08/14 NCDEX CAS- TORSEED OCT. BUY 4300 4330-4380 4250 BOOKED PROFIT 12/08/14 NCDEX DHANIYA SEP. SELL 12140 12110-12070 12190 SL TRIGGERED 12/08/14 NCDEX DHANIYA SEP. BUY 12250 12280-12330 12200 NOT EXECUTED 12/08/14 USD/INR AUG BUY 61.53 61.73-62.03 61.22 NOT EXECUTED 12/08/14 USD/INR AUG SELL 61.18 60.98-60.68 61.50 NOT EXECUTED 12/08/14 JPY/INR AUG SELL 59.88 59.68-59.48 60.18 CLOSED AT 59.90 12/08/14 JPY/INR AUG BUY 60.23 60.43-60.73 59.93 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 12/08/14 NIFTY FUTURE BUY 7660 7710-7760 7590 BOOKED FULL PROFIT 12/08/14 AUROPHARMA FUTURE BUY 760 780-790 750 NEAR 1ST TARGET 12/08/14 GAIL FUTURE SELL 385 375-365 400 SL TRIGGERED 12/08/14 DISMAN PHARMA CASH BUY 148 151-154 145 CALL OPEN 08/08/14 TCS FUTURE SELL 2490-2500 2450-2410 2540 BOOKED PROFIT 05/08/14 CESC FUTURE SELL 680 700715 665 CALL OPEN
  8. 8. DAILY REPORT 13th AUGUST 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, AUG. 11 NONE SCHEDULED TUESDAY, AUG. 12 7:30 am NFIB small business survey July 10 am Job openings June 4.6 mln 2 pm Federal budget July -$98 bln WEDNESDAY, AUG. 13 8:30 am Retail sales July 0.2% 8:30 am Retail sales ex-autos July 0.4% 10 am Business inventories June 0.5% THURSDAY, AUG. 14 8:30 am Weekly jobless claims Aug. 9 N/A 8:30 am Import price index July 0.1% FRIDAY, AUG. 15 8:30 am Producer price index July 0.4% 8:30 am Empire state index Aug. 25.6 9:15 am Industrial production July 0.2% 9:15 am Capacity utilization July 79.1% 9:55 am Consumer sentiment Aug. 81.8