Stock market special report by epic research 14 march 2014


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Stock market special report by epic research 14 march 2014

  1. 1. DAILY REPORT 14th MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Asian shares skidded to a three-week low and the yen held steady at lofty levels on Friday, as heightened tension in Ukraine ahead of a weekend referendum prompted inves- tors to shed riskier assets. MSCI's broadest index of Asia- Pacific shares outside Japan .MIAPJ0000PUS fell 0.5 per- cent in early trading, touching its lowest level since late February and on track for a weekly loss of more than 2 percent. The yield on the benchmark 10-year U.S. Treasury note fell to 2.641 percent in early Asian trading from its U.S. close of 2.653 percent. Germany's DAX fell 1.3% to 9,188.69 points on Wednes- day, while the euro zone's blue chip Euro STOXX 50 ended 0.9% lower at 3,065.46 points. At 0729 GMT, futures for the Euro STOXX 50, Britain's FTSE 100 , Germany's DAX and France's CAC were 0.1 to 0.3% higher. The FTSEurofirst 300 index of top European shares closed 1.1% lower in the pre- vious session after hitting a one-month low. The index has fallen 3.2 percent since March 6 and closed below its 50 percent retracement of a rally from February 4 to 25. Wall Street Update On Wall Street on Thursday, benchmark U.S. stock indices fell more than 1.0%, posting their biggest daily losses since early Feb, with the S&P500 stock index tumbling 1.17%. Previous day Roundup Late trade profit booking on Thursday drove the 50-share NSE Nifty below 6500-level for the first time in last five sessions. If Infosys had not seen a selling pressure the mar- ket may have seen positive close. The Sensex fell 81.61 points to 21774.61 and the Nifty lost 23.80 points to 6493.10. Decliners beat advancers by a ratio of 1493 to 1276 on the BSE. The market tried to hold positive mo- mentum supported by banks, oil & gas and FMCG stocks despite heavy selling in Infosys and Sun Pharma, but sud- den profit booking in last hour of trade in select banks, steel and Tata group stocks forced the market close lower. Index stats The Market was very volatile in yesterday’s session. The sartorial indices performed as follow Consumer Durables [down 16.18pts], Capital Good [up 24.30pts], PSU [up 79.46pts], FMCG [up 25.72pts], Realty [down 49.36Pts], Power [down 11.21pts], Auto [up 68.65pts], Healthcare [down 105.14pts], IT [down 379.61pts], Metals [up pts], TECK [down 180.90pts], Oil& Gas [up 131.26pts]. World Indices Index Value % Change D J l 16,108.89 -1.41 S&P 500 1,846.34 -1.17 NASDAQ 4,260.42 -1.46 EURO STO 3,019.54 -1.50 FTSE 100 6,553.78 -1.01 Nikkei 225 14,434.19 -2.58 Hong Kong 21,538.40 -1.00 Top Gainers Company CMP Change % Chg BPCL 444.40 31.50 +7.63 M&M 1017.5 26.25 +2.65 DRREDDY 2754.00 66.50 +2.47 KOTAKBANK 763.25 18.40 +2.47 ONGC 324.40 7.45 +2.35 Top Losers Company CMP Change % Chg INFY 3361.00 310.3 -8.45 DLF 167.7 11.45 -6.39 SUNPHARMA 573.35 30.95 -5.12 JPASSOCIAT 46.55 1.80 -3.72 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg BEML 263.7 18.10 +7.37 BPCL 444.4 31.5 +7.63 GLOBOFFS 283.80 6.10 +2.20 HDFCBANK 741.15 15.60 +2.15 Indian Indices Company CMP Change % Chg NIFTY 6,493.10 -23.80 -0.37 SENSEX 21,774.61 -81.61 -0.37 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg MONNETISPA 66.8 1.70 -2.48 - -
  2. 2. DAILY REPORT 14th MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. DLF LTD. DLF FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it sustains below 170 levels. We advise selling around 170 levels with strict stoploss 175 for the targets of 165-160 levels. 2. PFC PFC FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 175 levels. We advise buying around 172-175 levels with strict stop loss 168 for the targets of 179-182 levels. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. KOTAK BANK KOTAK BANK LTD is looking strong on charts. We advise buying around 760-765 levels with strict stop loss of 750 for the targets of 775-785 levels. MACRO NEWS WPI INFLATION will be released today. India's coal imports jumped 20 per cent year-on-year in February to 11.6 million tonnes as prices dipped and the rupee strengthened, data from research firm OreTeam showed, indicating that demand remains strong despite a sharp fall in January. India's reliance on foreign coal has grown over the years as local production has failed to grow in line with demand. Maruti Suzuki has sent a clarification to SEBI over the recent decision to have its parent set up a manufactur- ing plant in Gujarat. Trade relations between India and Australia have been growing steadily and with the "right mindsets" they can be enhanced further. Heavy rainfall to impact harvest-ready crops. UPA government's direct cash transfer scheme fails to convince bureaucrats. EMphasiS yesterday reported a 2% fall in consolidated net profit at Rs 180.6 crore for the first quarter ended January 31, 2014.
  3. 3. DAILY REPORT 14th MARCH 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 6,500 62.5 4,13,237 54,20,800 NIFTY PE 6,400 31.5 2,87,678 66,51,250 NIFTY PE 6,300 15.35 1,86,617 55,40,350 BANKNIFTY PE 12,000 160.05 35,712 2,42,500 INFY PE 3,300 39.65 4,926 1,12,625 SBIN PE 1,600 18.6 4,229 2,71,875 INFY PE 3,200 17.5 4,042 1,51,875 RELIANCE PE 860 8.6 3,993 6,42,750 MOST ACTIVE CALL OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 6,600 35.55 3,68,720 46,45,550 NIFTY CE 6,700 13.45 2,47,352 32,28,150 NIFTY CE 6,500 79 2,08,401 44,92,850 BANKNIFTY CE 12,500 126 50,862 2,44,650 INFY CE 3,600 13.85 8,907 2,77,500 SBIN CE 1,700 26 8,397 5,70,250 RELIANCE CE 900 10.8 6,810 12,60,750 AXISBANK CE 1,500 5.7 4,194 12,18,000 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 63212 2049.92 49938 1623.02 487795 15782.88 426.90 INDEX OPTIONS 454478 14504.69 463644 14690.20 1612820 52182.25 -185.51 STOCK FUTURES 93149 3175.56 111899 3774.76 1062265 34023.53 -599.21 STOCK OPTIONS 78178 2597.89 77845 2617.90 97584 3082.41 -20.01 TOTAL -377.82 INDICES S2 S1 PIVOT R1 R2 NIFTY 6425.59 6459.34 6510.39 6544.14 6595.19 NIFTYJUNIOR 12309.7 12411.15 12567.0 12668.45 12824.3 BANK NIFTY 11924.48 12032.96 12170.83 12279.31 12417.18 STOCKS IN NEWS Avantha Group's Gautam Thapar to sell 42.7% stake in Crompton Greaves, company valued at $3 billion. SBI launches SBIePay to facilitate e-transactions. Manappuram Finance acquires Milestone Home Fi- nance Company from Jaypee Hotels. Now,USFDA's import alert on Sun Pharma's Karkhadi plant in Gujarat Cipla board approves retirement of YK Hamied Jubilant Life to hike Niacin prices by 18%. NIFTY FUTURE Nifty Future closed in the red in the last trading session. We advise selling around 6550-6540 levels with strict stop loss of 6595 for the targets of 6500-6450 levels.
  4. 4. DAILY REPORT 14th MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER(MAY) ABOVE 47050 TGTS 47250/47550 SL 46700 SELL SILVER(MAY) BELOW 46600 TGTS 46400/46050 SL 46950 GOLD TRADING STRATEGY: BUY GOLD(APR) ABOVE 30580 TGTS 30660/30780 SL 30450 SELL GOLD(APR) BELOW 30410 TGTS 30330/30210 SL 30530 COMMODITY ROUNDUP India's gems and jewellery exports in February fell by 4.15% to $ 3.59 bn due to sluggish demand in key markets such as the US and Europe. The exports have now dropped for the fourth month in a row. The overseas shipments are also contracting due to the curbs imposed by the govt on gold imports. The imports declined 71.4 per cent, year-on- year, to $ 1.63 bn in February. For the 11-month period of the 2013-14 fiscal, the shipments have slipped by 7.15%, year-on-year, to $ 35.73 bn, an official in the commerce ministry said. In order to curb the current account deficit (CAD). Gold for April delivery lost 0.1% to $1,368.90 an ounce by 7:32 am on the Comex in New York. It reached earlier to- day $1,375.70, the highest since September 10. Futures volume was 49 per cent above the average for the past 100 days for this time of day. Bullion for immediate delivery added 0.1% to $1,368.43 in London The metal's 14-day relative strength index was at 68.5, near a level of 70 that signals to some who study technical charts that prices may be set to decline. Holdings in gold- backed exchange-traded products fell 1.9 tonnes on Wednesday, the first drop in a week. Gold traded near a six-month high in New York, as investors weighed con- cern about tension between Ukraine and Russia and slow- ing Chinese economic growth against speculation prices climbed too fast. Copper prices fell by 0.43% to Rs 400.95 per kg in futures trade yesterday as speculators reduced positions amid weak global cues. At the MCX, copper for delivery in April traded lower by Rs 1.75, or 0.43%, to Rs 400.95 per kg in business turnover of 1,155 lots. Similarly, the metal for delivery in far-month June was down by Rs 1.45, or 0.36%, to Rs 404 per kg in 22 lots. The fall in copper futures to weak global trend with China to post factory and retail sales data amid concerns that the slowdown in Asia's larg- est economy is worsening. Besides, subdued demand in the spot market also put pressure. Meanwhile, copper for delivery in three months traded little changed at USD 6,507.75 at LME. COMMODITY MCX
  5. 5. DAILY REPORT 14th MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS GUARSEED BUY GUARSEED APR ABOVE 4705 TGTS 4735,4785 SL 4655 SELL GUARSEED APR BELOW 4610 TGTS 4580,4530 SL 4650 DHANIYA BUY DHANIYA APR ABOVE 9570 TGTS 9600,9650 SL 9520 SELL DHANIYA APR BELOW 9485 TGTS 9455,9405 SL 9535 NCDEX NCDEX INDICES Index Value % Change Castor Seed 4240 -0.52 Chana 3273 -0.70 Coriander 9516 -0.55 Cotton Seed Oilcake 1529 +0.39 Jeera 10595 -0.28 Maize– Feed/Industrial Grade 1270 +1.03 Mustard seed 3486 -0.49 Soy Bean 4270 +1.57 Turmeric 6804 -1.70 NCDEX ROUNDUP Untimely rains and hailstorms across many wheat-growing regions in the last few days might hit the crop and lower production to less than the estimated 100 million tonnes. In the past month, wheat prices have risen five per cent to Rs 1,700 a quintal in mandis in the North. The minimum support price for the crop is Rs 1,350 a quintal. Oil prices fell in Asian trade today ahead of the weekly USstockpiles report that will give an indication of demand in the world's biggest economy. New York's main contract, West Texas Intermediate (WTI) for April delivery dipped 47 cents to $99.56 in mid-morning trade, and Brent North Sea crude for April eased 20 cents to $108.35. The production of oilseeds, excluding cottonseed, in Gujaratfor 2013-14 is estimated to be around 4.25 mil- lion tonnes compared to last year's 2.26 million tonnes, according to the latest data released by the Central Organi- sation for Oil Industry & Trade. Apart from castor seed, whose production is likely to see a slight slump this year in comparison to last year because of reduced sowing area, production of groundnut, soybean, sesame and rape/ mustard/toria oilseeds is estimated to be higher than last year.
  6. 6. DAILY REPORT 14th MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 EUR/INR BUY EUR/INR ABOVE 85.60 TGTS 85.73, 85.88 SL 85.32. SELL EUR/INR BELOW 84.88 TGTS 84.75, 84.60 SL 85.16. USD/INR BUY USD/INR ABOVE 61.44 TGTS 61.57, 61.71 SL 61.16. SELL USD/INR BELOW 61.02 TGTS 60.89, 60.74 SL 61.30. CURRENCY ROUNDUP Data on Thursday showed China's industrial output growth fell short of forecasts for the combined January/February period, and retail sales also came in weaker than expected. The disappointing figures fuelled fears of a slowdown in the world's second biggest economy. That continued to weigh on the Australian dollar, considered a proxy for China plays. The Aussie lost about 0.1 percent to $0.9019. The euro also remained under pressure after comments from European Central Bank President Mario Draghi, who said the bank has been preparing additional policy steps to guard against deflation taking hold in the euro zone. The single currency was down about 0.1 percent at $1.3859, moving away from Thursday's 2-1/2 year high of $1.3967 hit before Draghi spoke. The Indian rupee has weakened today against the US dollar for a second consecutive session, notwithstanding data showing that inflation has decelerated more than expected in Asia’s third-largest economy. Data released by the In- dian Central Bank showed that consumer inflation in the Asian nation made its smallest increase since 2012. Infla- tion ticked up 8.1% from the previous year a figure that was less than the 8.3% rise being forecast by economists. The easing pressure on consumer prices will likely bolster the belief that the Reserve Bank of India will keep interest rates unchanged at its policy review on April 1, after having aggressively raised its benchmark repo rate by 75 basis points to 8.0 percent in the period September to January. The RBI’s own favored metric for inflation is the Wholesale Price Index, due out on Friday. The market consensus is for WPI inflation to ease to 4.99 percent y/y in February from January’s 5.05 percent. RBI early this week said it will con- duct a 21-day term repo variable rate auction for a notified amount of Rs 50000 crore on Friday, 14 March 2014, so as to address the anticipated tightening in liquidity conditions in the banking system on account of advance tax payments by corporate commencing mid-March 2014 CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 61.0155 Yen-100 59.4600 Euro 85.0232 GBP 101.6518
  7. 7. DAILY REPORT 14th MARCH 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 13/03/14 MCX GOLD APR. BUY 30530 30610-30710 30420 SL TRIGGERED 13/03/14 MCX GOLD APR. SELL 30350 30270-30170 30460 SL TRIGGERED 13/03/14 MCX SILVER MAY BUY 46950 47150-47500 46600 BOOKED PROFIT 13/03/14 MCX SILVER MAY SELL 46600 46400-46050 47000 BOOKED PROFIT 13/03/14 NCDEX GUARSEED APR. BUY 4665 4695-4744 4615 BOOKED PROFIT 13/03/14 NCDEX GUARSEED APR. SELL 4610 4580-4530 4650 NOT EXECUTED 13/03/14 NCDEX DHANIYA APR. BUY 9595 9625-9675 9545 NOT EXECUTED 13/03/14 NCDEX DHANIYA APR. SELL 9520 9490-9440 9570 BOOKED FULL PROFIT 13/03/14 USD/INR MAR. BUY 61.57 61.70-61.85 61.29 NOT EXECUTED 13/03/14 JPY/INR MAR. BUY 60.00 60.13-60.28 59.72 NOT EXECUTED 13/03/14 JPY/INR MAR. SELL 59.30 59.17-59.02 59.58 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 13/03/14 NIFTY FUTURE BUY 6500- 6520 6570-6590 6470 CALL OPEN 13/03/14 SUNPHARMA FUTURE BUY 610 620-635 598 SL TRIGGERED 13/03/14 TATAMOTORS FUTURE SELL 393-395 388-382 400 BOOKED PROFIT 13/03/14 APOLLO HOSP CASH BUY 855-860 870-890 840 CALL OPEN 11/03/14 OBEROI REALITY CASH BUY 210 220-235 200 CALL OPEN 10/02/14 KRBL CASH BUY 45-46 50-54 40 CALL OPEN
  8. 8. DAILY REPORT 14th MARCH 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, MARCH 10 None scheduled TUESDAY, MARCH 11 10 am Job openings Jan. -- 4.0 mln 10 am Wholesale inventories Jan. -- 0.3% WEDNESDAY, MARCH 12 2 pm Federal budget Feb. -- -$204 bln THURSDAY, MARCH 13 8:30 am Weekly jobless claims 3-8 N/A N/A 8:30 am Retail sales Feb. 0.2% -0.4% 8:30 am Retail sales ex-autos Feb. 0.2% 0.0% 8:30 am Import price index Feb. 0.3% 0.1% 10 am Business inventories Jan. 0.3% 0.1% FRIDAY ,MARCH 14 8:30 am Producer price index, final demand Feb. 0.2% 0.2% 8:30 am Core PPI, final demand Feb. 0.2% 0.2% 9:55 am UMich consumer sentiment March 81.7 81.6