Stock market special report by epic research 14th july 2014


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Stock market special report by epic research 14th july 2014

  1. 1. DAILY REPORT 14th JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Asian share markets edged higher on Monday as euro zone banking jitters faded, to be replaced by caution ahead of corporate earnings and a raft of global eco- nomic events including testimony from the head of the Federal Reserve. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was up 0.2 percent, with Seoul .KS11 putting on 0.4 percent. Japan's Nik- kei .N225 rose a modest 0.2 percent after several ses- sions of losses. European markets steadied and shares in Lisbon staged a small bounce on Friday as concerns eased about the health of Portugal's largest bank and its impact on the euro zone financial system. The pan-European FTSEuro- first 300 index edged up 0.2% to 1,352.11 points but closed the week 3.5% lower, its steepest loss since April. The S&P 500 EMini contract was trading up 0.1 percent ESc1 on Monday, after the cash index .SPX ended with similar gains on Friday. The Dow .DJI closed up 0.17 per- cent, while the Nasdaq .IXIC added 0.44 percent. Wall Street Update U.S. stocks managed to score modest gains on Friday, but the S&P 500 posted its biggest weekly drop since April as investors showed only mild enthusiasm after getting their first glimpses of earnings. Next week's flurry of earnings will include reports from Google and Intel. The Dow Jones industrial average rose 28.74 points or 0.17 per- cent, to end at 16,943.81. The S&P 500 gained 2.89 points or 0.15 percent, to 1,967.57. The Nasdaq Compos- ite added 19.29 points or 0.44 percent, to 4,415.49. Previous day Roundup The benchmark BSE index lost 1.37 percent, or 348.40 points, to end at 25,024.35. The broader NSE index fell 1.43 percent, or 108.15 points, to end at 7,459.60, clos- ing below the psychologically important 7,500 level. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 102.90pts], Capital Goods [down 745.97pts], PSU [down 326.85pts], FMCG [up 34.95pts], Realty [down 103.69pts], Power [down 101.40 pts], Auto [down 158.22pts], Healthcare [up 126.9pts], IT [up 131.01Pts], Metals [down 477.07pts], TECK [up 54.92pts], Oil& Gas [down 302.85pts]. World Indices Index Value % Change D J l 16943.81 +0.17 S&P 500 1967.57 +0.15 NASDAQ 4415.49 +0.44 EURO STO 3157.05 +0.21 FTSE 100 6690.17 +0.27 Nikkei 225 15164.04 -0.34 Hong Kong 23233.45 -0.02 Top Gainers Company CMP Change % Chg TCS 2,410.00 58.20 2.47 SUNPHARMA 744.00 17.75 2.44 HINDUNILVR 644.00 12.15 1.92 DRREDDY 2,700.00 49.35 1.86 HCLTECH 1,497.00 24.60 1.67 Top Losers Company CMP Change % Chg BHEL 222.70 21.05 -8.64 NMDC 159.40 13.70 -7.91 JINDALSTEL 281.80 18.75 -6.24 HINDALCO 165.80 10.45 -5.93 DLF 209.40 13.00 -5.85 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg DABUR 193.80 0.20 -0.10 GRUH 206.15 4.45 +2.21 MOTHERSUMI 350.05 10.20 -2.83 RANBAXY 557.00 13.60 +2.54 SUNPHARMA 744.00 17.15 +2.44 Indian Indices Company CMP Change % Chg NIFTY 7459.60 -108.15 -1.43 SENSEX 25024.35 -348.4 -1.37 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg
  2. 2. DAILY REPORT 14th JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. AXIS ABNK FUTURE AXIS BANK FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it sustains below 1850 levels. We advise selling around 1840-1850 lev- els with strict stop loss 1880 for the targets of 1810-1780. 2. HIND UNILEVER FUTURE HIND UNILEVER FUTURE looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 650 levels. We advise buying above 650 levels with strict stop loss of 635 for the targets of 665-680 levels. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. UCOBANK UCO BANK week on daily chart. We advise selling around 94 level with strict stop loss 96 for the targets of 92-90 MACRO NEWS IIP for the month of May came in at 4.7% vs 3.4% month- on-month against poll at 3.76%. The factory output in May is at a 19-month high – highest since October 2012. Weak growth, high attrition and declining share of top clients in overall sales continue to plague Infosys. Even as the company struggles to grow its business, it managed to surprise on the profitability front while announcing its financial results for the first quarter ended June 30. In the first quarter of FY15, sales came in as a disappointment with the dollar revenues growing 1.9% q-o-q and 7% y-o-y to $2.13 bn. The company's operating margin declined by 40 bps to 25.1% during the quarter, as against a decline of 200-230 bps. The Rs 4,200cr plan will help speed up transportation of coal to power plants in north and east of the country. Power demand in Delhi again broke all records on Friday, touching an all-time high of 5810 MW, a day after regis- tering the highest demand. Rs 200 crore allocated to set up six textiles clusters Finance Minister proposed a reduction in excise duty on footwear from 10% to 6%. FMCG companies run into growth bump in South. General Anti-Avoidance Rules (GAAR) will be applicable from April 1, 2015.
  3. 3. DAILY REPORT 14th 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 7,500 108 5,40,917 47,88,950 NIFTY PE 7,400 65 5,29,489 45,29,200 BANKNIFTY PE 7,300 37.15 3,91,079 45,04,050 BANKNIFTY PE 14,000 140 30,775 2,70,375 INFY PE 3,000 6.05 6,211 2,94,750 SBIN PE 2,400 62.9 3,970 1,64,875 SBIN PE 2,500 114 3,468 1,77,375 ITC PE 330 1.75 3,437 43,88,000 MOST ACTIVE CALL OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 7,700 27 6,59,301 48,45,100 NIFTY CE 7,600 52.85 5,05,672 40,87,550 NIFTY CE 7,800 13.7 5,01,298 55,63,750 BANKNIFTY CE 15,500 57.95 38,557 5,14,925 INFY CE 3,600 10.15 5,954 3,10,500 RELIANCE CE 1,000 14.7 5,630 8,49,250 SBIN CE 2,600 21 5,563 2,63,750 IDFC CE 160 2.45 4,516 27,94,000 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 63774 2398.09 78201 2931.93 294723 10964.54 -533.84 INDEX OPTIONS 648759 24387.55 623061 23523.91 1593016 59278.39 863.64 STOCK FUTURES 124951 4638.27 108199 3966.09 1556380 54116.43 672.19 STOCK OPTIONS 108050 4176.86 110429 4245.20 115823 4171.88 -68.34 TOTAL 933.65 INDICES R2 R1 PIVOT S1 S2 NIFTY 7,689.53 7,574.57 7,510.88 7,395.92 7,332.23 BANK NIFTY 15,103.10 14,775.15 14,590.90 14,262.95 14,078.70 STOCKS IN NEWS Results today: DCB Bank , Shakti Pumps , Tata Sponge , Zydus Wellness. Sun Pharmaceutical Industries recalls Venlafaxine Hy- drochloride after failing a dissolution test. Coal India arm Mahanadi Coalfields Ltd may stop some mining projects in Odisha. Government to invest Rs 39,458 crore in BSNL, MTNL in next five years. Titan (Tanishq) closes its jewellery purchase scheme. NIFTY FUTURE Nifty Future closed downside in the last trading session. We advise selling around 7480 level with strict stop loss of 7530 for the targets of 7430-7380
  4. 4. DAILY REPORT 14th JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 COMMODITY MCX RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER SEP ABOVE 46400 TGTS 46600,46900 SL 46100 SELL SILVER SEP BELOW 45900 TGTS 45700,45400 SL 46200 GOLD TRADING STRATEGY: BUY GOLD AUG ABOVE 28400 TGTS 28480,28580 SL 28300 SELL GOLD AUG BELOW 28260 TGTS 28180,28080 SL 28360 COMMODITY ROUNDUP Gold futures extended the early loss on profit taking amid due to strong US dollar. The metal has generally had a good week, as expectations the Federal Reserve will keep rates on hold for an extended period of time after the bank's bond-buying program ends in October and worries pertaining to the Portugal banking troubles. A rather dis- appointing decision by India to not cut import duties on the yellow metal also boosted sentiments as the COMEX Gold ran up to its four month highs near $1350 per ounce. The COMEX Gold futures for August delivery trades at $1,337.60, down $1.60 a troy ounce and Silver September quotes at $21.483 a troy ounce, down $0.025 on Fri- day. MCX Gold off the three months high ON Friday with the August contract quotes at Rs 28,307, down Rs 189 and silver September quotes at Rs 46085, down Rs 179 on Friday. Indian rupee appreciated and quotes at Rs 60.04, down 0.25%. MCX Copper was turning red in the last trading day of the week. The week saw declines in the Chinese imports but the report was countered by the jobless claims numbers from the US. This revived the confidence in the people that the demand for metals will keep improving. Indian Copper was trading at Rs 435.1 per kg, down 0.56%. The prices tested a low of Rs 434.85 per kg, and a high of Rs 437.55 per kg. COMEX Copper was last checked at $ 3.259 per pound, down 0.8 cents. After Finance Minister talked about raising royalty rates on major minerals, the iron ore mining sector fears ore prices will shoot up further. Currently, the royalty is charged at 10 per cent of the mineral value and it was last increased in August 2009. The royalty rates are likely to be raised before the Octo- ber quarter, as state governments have made a strong pitch for the hike. Generally, royalty rates are revised in every three years. However, it was not revised since Au- gust 2013, as the previous UPA govt postponed it in view of the general elections.
  5. 5. DAILY REPORT 14th JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS DHANIYA BUY DHANIYA AUG ABOVE 11775 TGTS 11805,11855 SL 11725 SELL DHANIYA AUG BELOW 11700 TGTS 11670,11620 SL 11750 GUARSEED BUY GUARSEED AUG ABOVE 5655 TGTS 5685,5735 SL 5605 SELL GUARSEED AUG BELOW 5555 TGTS 5525,5475 SL 5605 NCDEX NCDEX INDICES Index Value % Change Castor Seed 4270 +2.15 Chana 2717 +1.76 Coriander 11040 -0.38 Cotton Seed Oilcake 1711 +1.30 Guarseed 5395 -0.74 Jeera 11300 +1.44 Mustard seed 3525 +0.71 Soy Bean 3772 +0.48 Sugar M Grade 2974 -0.37 Turmeric 6180 +0.72 NCDEX ROUNDUP Turmeric witnessed sharp gains today on the back of delay in fresh sowing in major producing states coupled with re- ceding stocks in local mandies. The NCDEX futures added 2.50% on Friday. The market reports suggested that weak monsoon rainfall in major turmeric producing states. The NCDEX August futures added 2.50% to close at Rs 6520 per quintal. The futures have added 18% in open interest indi- cating fresh buying by traders. Global wheat production is projected at 705.14 million ton- nes, up 3.57 million tonnes from the previous update. Global wheat consumption for 2014/15 is projected at 0.89 million tonnes lower than the previous update with a reduc- tion in world wheat feeding only partly offset by higher ex- pected food use. Global import demand for 2014/15 is lower with reductions for China, Iran, Brazil, Mexico, and Algeria more than offset- ting increases for the European Union and Turkey. Exports are lower for the European Union, India, Canada, Ukraine, Turkey, and Australia, but higher for Argentina and Russia. Global ending stocks for 2014/15 are projected at 189.54 million tons, up 0.89 million from 2013/14. India will import rice bran from its neighbours, including Sri Lanka, Bangladesh and Myanmar. This follows the govern- ment doing away with a customs duty in this regard, against a duty of 15 per cent earlier. Rice bran oil is considered the healthiest edible oil available in India.
  6. 6. DAILY REPORT 14th JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 EUR/INR SELL EUR/INR BELOW 81.71 TGTS 81.56, 81.41 SL 81.91. BUY EUR/INR ABOVE 82.01 TGTS 82.16, 82.31 SL 81.81. USD/INR SELL USD/INR BELOW 60.04 TGTS 59.89, 59.74 SL 60.24. BUY USD/INR ABOVE 60.34 TGTS 60.49, 60.64 SL 60.14. CURRENCY ROUNDUP The Indian rupee gained on Friday on dollar sales by a large corporate, but that was not enough to prevent its first weekly fall in three as markets reeled on disappointment over the lack of specifics in the federal budget. The partially convertible rupee ended at 59.93/94 per dollar compared with 60.19/20 on Thursday, boosted largely by dollar sales from a large corporate. The rupee fell 0.3 percent for the week, snapping two weeks of gains. Investors will also look out for the consumer price inflation data and the wholesale price data due to be released on Monday for direction. In the offshore non- deliverable forwards, the one-month contract was at 60.31, while the three-month was at 60.84. Euro slipped again against the US dollar on Friday amid with the pair quotes at $1.3603, down 0.03% on Friday. The trades in US Dollar were favoring buying against the Euro. Meanwhile, INR also showed signs of weakness after the budget at 60.03 per Dollar, down 0.26%. The U.S. dollar ended the week lower against the traditional safe haven Swiss franc as the Federal Reserve's dovish stance on rates and fresh fears over the risk of contagion in Europe's banking sector weighed. USD/CHF was at 0.8922 late Friday, ending the week with losses of 0.31%. The pair is likely to find support at the 0.8900 level and resistance at 0.8960. The dollar fell to one week lows against the Swiss franc on Thursday, before recovering, as concerns over the fiscal sta- bility of Portugal's largest lender Banco Espirito Santo fu- elled a sharp selloff in markets, amid fears over the risk of contagion. In the week ahead, investors will be watching testimony on monetary policy by Federal Reserve Chair Janet Yellen. Switzerland is to release data on economic ex- pectations and producer prices. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 60.1855 Yen-100 59.4100 Euro 81.8720 GBP 103.1459
  7. 7. DAILY REPORT 14th 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 11/07/14 MCX GOLD AUG. BUY 28600 28680-28780 28500 NOT EXECUTED 11/07/14 MCX GOLD AUG. SELL 27900 27820-27720 28000 NOT EXECUTED 11/07/14 MCX SILVER SEP. BUY 46400 46600-46900 46100 NOT EXECUTED 11/07/14 MCX SILVER SEP. SELL 45500 45300-4500 45800 NOT EXECUTED 11/07/14 NCDEX GUARSEED AUG. BUY 5655 5685-5735 5605 BOOKED PROFIT 11/07/14 NCDEX GUARSEED AUG. SELL 5600 5570-5520 5630 BOOKED PROFIT 11/07/14 NCDEX DHANIYA AUG. BUY 11680 11710-11760 11630 BOOKED FULL PROFIT 11/07/14 NCDEX DHANIYA AUG. SELL 11575 11545-11495 11625 NOT EXECUTED 11/07/14 JPY/INR JULY BUY 59.72 59.87-60.02 59.52 NOT EXECUTED 11/07/14 JPY/INR JULY SELL 59.42 59.27-59.12 59.62 NO PROFIT NO LOSS 11/07/14 GBP/INR JULY SELL 103.05 102.90-102.75 103.25 NO PROFIT NO LOSS 11/07/14 GBP/INR JULY BUY 103.36 103.51-103.66 103.16 BOOKED PROFIT Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 11/07/14 NIFTY FUTURE SELL 7480 7430-7380 7530 CALL OPEN 11/07/14 IDFC FUTURE BUY 148-150 155-160 144 BOOKED PROFIT 11/07/14 BHARAT FORGE FUTURE BUY 620-630 650-670 600 CALL OPEN 11/07/14 POLARIS CASH SELL 225 221-217 229 BOOKED FULL PROFIT
  8. 8. DAILY REPORT 14th 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 14 NONE SCHEDULED TUESDAY, JULY 15 8:30 AM RETAIL SALES JUNE 0.6% 0.3% 8:30 AM RETAIL SALES EX-AUTOS JUNE 0.6% 0.1% 8:30 AM IMPORT PRICE INDEX JUNE 0.4% 0.1% 8:30 AM EMPIRE STATE INDEX JULY 17.9 19.3 10 AM JANET YELLEN TESTIMONY 10 AM BUSINESS INVENTORIES MAY 0.6% 0.6% WEDNESDAY, JULY 16 8:30 AM PRODUCER PRICE INDEX JUNE 0.2% -0.2% 9:15 AM INDUSTRIAL PRODUCTION JUNE 0.2% 0.6% 9:15 AM CAPACITY UTILIZATION JUNE 79.2% 79.1% 10 AM JANET YELLEN TESTIMONY 10 AM HOME BUILDERS' INDEX JULY 50 49 2 PM BEIGE BOOK THURSDAY, JULY 17 8:30 AM WEEKLY JOBLESS CLAIMS 7-12 N/A 304,000 8:30 AM HOUSING STARTS JUNE 1.00 MLN 1.00 MLN 10 AM PHILLY FED JULY 16.5 17.8 FRIDAY, JULY 18 9:55 AM UMICH CONSUMER SENTIMENT JULY 82.7 82.5 10 AM LEADING INDICATORS JUNE -- 0.5%