Stock market special report by epic research 16th 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 16th june 2014

  1. 1. DAILY REPORT 16th JUNE 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Asian stocks slipped, paring the regional index’s fifth straight weekly gain, as airlines retreated on surging oil prices amid escalating violence in Iraq. Energy explorers jumped. The MSCI Asia Pacific Index (MXAP) lost 0.1 per- cent to 144.26 in Hong Kong, after falling 0.75 earlier. The gauge is set to advance for a fifth week, its longest streak of gains since August, amid signs China’s economy is sta- bilizing and the U.S. recovery is intact. Japan’s Topix index gained 0.5 percent. The FTSEurofirst 300 .FTEU3 index of top European shares closed flat, just off the 6-1/2 year high of 1,398.65 hit ear- lier this week. A global stocks index from MSCI fell 0.3%. Wall Street Update US stocks edged up on Friday, boosted by bullish news from the tech sector, but major indexes fell for the week as unrest in Iraq kept investors on edge. The Dow Jones industrial average rose 41.55 points or 0.25 percent, to 16,775.74, the S&P 500 gained 6.05 points or 0.31 percent, to 1,936.16, and the Nasdaq Com- posite added 13.02 points or 0.3 percent, to 4,310.65. Previous day Roundup Shadows of Iraq tensions fell on Indian market which dragged benchmark indices with investors growing cau- tious. The Sensex was down 348.04 points or 1.36 per- cent at 25228 and the Nifty ended at 7542.10, down 107.80 points. About 943 shares have advanced, 2148 shares declined, and 75 shares are unchanged. BPCL fell 5 percent while Tata Steel, Axis Bank, Hero MotoCorp, NTPC and Hindalco were major laggards in the Sensex. Among the gainers were HUL, M&M, Infosys and Dr Reddy's Labs. Index stats The Markets were very down in last session. The sectoral indices performed as follow; Consumer Durables [down- 269.72 pts], Capital Goods [down-337.27 pts], PSU [down –286.90 pts], FMCG [down-27.31 pts], Realty [down pts], Power [down pts], Auto [down-264.03 pts], Healthcare [down –54.43 pts], IT [up 11.87 pts], Metals [down – 405.82 pts], TECK [down –27.pts], Oil& Gas [down – 220.40 pts]. World Indices Index Value % Change D J l 16775.74 +0.25 S&P 500 1936.16 +0.31 NASDAQ 4310.65 +0.30 EURO STO 3282.84 -0.04 FTSE 100 6777.85 -0.95 Nikkei 225 15097.84 +0.83 Hong Kong 23319.17 +0.62 Top Gainers Company CMP Change % Chg HCLTECH 1434.80 28.05 1.99 HUL 638.75 8.65 1.37 TECHMAHINDRA 2014.50 15.70 0.79 INFY 3187.00 11.95 0.38 M&M 1233.30 4.30 0.35 Top Losers Company CMP Change % Chg DLF 205.00 -18.00 -8.07 BPCL 569.00 -30.05 -5.02 NMDC 175.20 -9.25 -5.01 HEROMOTOCO 2584.55 -133.10 -4.90 TATASTEEL 524.20 -25.45 -4.63 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg ARVIND 213.45 -5.70 -2.67 BAJAJ-AUTO 2185.60 -11.60 0.53 DABUR 192.50 -3.95 -2.05 GODREJ 343.50 -7.00 -2.04 JAIN IRRIGATION 64.30 1.05 1.63 Indian Indices Company CMP Change % Chg NIFTY 7542.10 -107.80 -1.41 SENSEX 25228.17 -348.04 -1.36 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg
  2. 2. DAILY REPORT 16th JUNE 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. HIND UNILEVER [FUTURE] HIND UNILEVER FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sus- tains above 635 levels. We advise buying around 635-640 levels with strict stop loss 610 for the targets of 655-675. 2. DIVIS LAB [FUTURE] DIVIS LAB has given a breakout above its previous resis- tance levels around 1320 levels and has also closed above the 10 day exponential moving average. Now we expect the stock price to rise more from current levels. We advise to buy around 1340-1360 with stop loss below 1290 for the targets of 1400-1465. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. JAICORP JAICORP trend line break out. We advise selling around 101 level with strict stop loss 103 for the targets of 99-97 MACRO NEWS Narendra Modi government to amend 1948 Factories Act; new law to focus on rising power shortages The 'El Nino' risk is expected to keep inflation elevated and RBI on a "long hold" as the first rate cut by the central bank is likely in early 2015 rather than this December The government may raise the dividend receipt target from state-run firms and link it with their ability to achieve capital expenditure plans, a move aimed at dis- couraging "idle money" at these firms and generating more revenues to contain the fiscal deficit. The RBI would soon come out with policy guidelines for differentiated banking licenses. The regulator plans to again allow companies, specifically those with low promoter holding, to purchase shares from the secondary market for issuing esops. The matter is likely to come up for consideration at Sebi's board meet- ing on Thursday. Finance ministry asks divestment department to complete groundwork for PSU stake sale. Government to review 27 coal mines next week.
  3. 3. DAILY REPORT 16th 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 56.75 5,04,329 52,42,950 NIFTY PE 7,600 100 4,25,107 35,13,250 BANKNIFTY PE 15,000 230 35,894 3,13,600 BANKNIFTY PE 14,500 88 22,918 3,23,325 SBIN PE 2,600 63.85 4,634 2,07,500 SBIN PE 2,500 26.8 3,764 1,44,125 ICICIBANK PE 1,400 21.4 1,927 2,76,250 RELIANCE PE 1,060 13.1 1,829 2,95,500 MOST ACTIVE CALL OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 7,700 29.6 5,17,315 56,81,550 NIFTY CE 7,800 13.7 3,44,261 59,64,000 BANKNIFTY CE 16,000 52.5 36,591 4,58,900 BANKNIFTY CE 15,500 156.05 17,082 3,11,325 SBIN CE 2,700 33 7,393 4,92,125 SBIN CE 2,800 14.05 6,750 4,30,000 RELIANCE CE 1,100 17.5 5,329 10,03,750 MCDOWELL-N CE 3,000 48 4,944 7,80,750 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 52509 1994.87 67498 2569.63 353151 13350.72 -574.76 INDEX OPTIONS 469350 17791.32 444211 16860.85 1679909 63354.86 930.47 STOCK FUTURES 106510 3888.55 90423 3436.01 1510693 54452.64 452.54 STOCK OPTIONS 99243 3887.64 100447 3936.03 108561 4047.43 -48.39 TOTAL 189.96 INDICES R2 R1 PIVOT S1 S2 NIFTY 7,735.13 7,638.62 7,581.98 7,485.47 7,428.83 BANK NIFTY 15,779.37 15,443.13 15,263.52 14,927.28 14,747.67 STOCKS IN NEWS Hero MotoCorp to enter Brazil's two-wheeler mkt by 2016. RBI allows FIIs to buy up to 49% stake in Idea Cellular LIC to buy addtnl stake in Central Bank of India for Rs 540 cr. Srei grp co sells United Spirits 22 lakh shrs for Rs 597cr. PowerGrid Seeks shareholders' nod to raise up to Rs 13,500 crore via NCDs in FY15. JK Cement to raise up to Rs 300 crore via issue of secu- rities, NCDs with warrants, QIP NIFTY FUTURE Nifty Future closed downside in the last trading session. We advise selling around 7540 levels with strict stop loss of 7590 for the targets of 7500-7450.
  4. 4. DAILY REPORT 16th JUNE 2014 YOUR MINTVISORY Call us at +91-731-6642300 COMMODITY MCX RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER ABOVE 41900 TGT 42200,42500 SL BELOW 41650 SELL SILVER BELOW 41650 TGT 41450,41150 SL ABOVE 42000 GOLD TRADING STRATEGY: BUY GOLD ABOVE 26650 TGT 26800,26950 SL BELOW 26500 SELL GOLD BELOW 26500 TGT 26350,26200 SL ABOVE 26650 COMMODITY ROUNDUP Copper shined on Friday, the last trading day of the week. The prices were recovering sharply as the Indian Rupee was showing declines against the Dollar. Apart from this, the trigger of gains in international markets was also assisting prices. On COMEX, Copper futures for July were trading at $ 3.036 per pound, up 2 cents. The prices so far tested a high of $ 3.04 and a low $ 3.04 per pound. INR was last trading at 59.81 against the US Dollar, down 1%. Meanwhile, Cop- per was trading at Rs 401 per kg, up 1.3%. West Texas Intermediate and Brent crudes charted the big- gest weekly gains this year as Islamist fighters extended their advance in Iraq, triggering concern of a return to civil war. WTI for July delivery rose 38 cents today, or 0.4 per- cent, to settle at $106.91 a barrel on the New York Mercan- tile Exchange. The volume of all futures traded was 42 per- cent higher than the 100-day average. NYMEX crude was trading higher by around 0.5% at $107/ bbl. Further disturbance in the region can lead to supply constraint supporting prices. On the flip side, Libyan sup- plies are still out of the market acting as a positive factor. Lead futures rose 0.70% to Rs 122.85 per kg as participants enlarged positions on rising spot demand at domestic mar- kets even as the metal weakened at the LME. At MCX, lead for delivery in June traded higher by 85 paise, or 0.70%, to Rs 122.85 per kg, with a turnover of 471 lots. The metal for delivery in July also rose by 80 paise, or 0.65%, to trade at Rs 124.05 per kg, in a business turnover of 19 lots. Strong domestic demand led to rise in lead prices at futures trade here but the metal's weakness at LME, capped the gains. Continuing insurgents’ fight in Iraq may underpin gold de- mand in the short term resulting into bullish sentiment in bullion. But, the gains will be capped on expectations of decision in the scheduled meeting of the Federal FOMC in the US late this week. Gold price hit two week high last week on heightening geo political tensions continuing its bullish sentiment. August gold futures rose ended the week with a gain of 1.72% at $1274.10 an oz on the Comex divi- sion of the New York Mercantile Exchange. July silver also rose with a weekly gain of 3.5% to $19.655 an oz.
  5. 5. DAILY REPORT 16th JUNE 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS DHANIYA BUY DHANIYA JUN ABOVE 10350 TGTS 10370,10420 SL 10300 SELL DHANIYA JUN BELOW 10200 TGTS 10170,10120 SL 10250 GUARSEED BUY GUARSEED JUN ABOVE 5325 TGTS 5355,5405 SL 5275 SELL GUARSEED JUN BELOW 5250 TGTS 5220,5170 SL 5300 NCDEX NCDEX INDICES Index Value % Change Castor Seed 4084 -0.27 Chana 2766 +0.22 Coriander 9929 -0.38 Cotton Seed Oilcake 1514 +0.40 Guarseed 5180 -0.77 Jeera 10910 +0.32 Mustard seed 3430 +0.47 Soy Bean 4396 -0.32 Sugar M Grade 3073 -0.07 Turmeric 6196 +2.45 NCDEX ROUNDUP Turmeric futures witnessed strong buying from lower levels on the heels of weak rainfall projection for the current year coupled with strong export demand in local mandies. The NCDEX futures augmented by 2.54% on Friday. The prices were also encouraged by strong export demand in local mandies. As per the latest data of Indian Spice Board, India exported a total quantity of 58,000 tonnes of turmeric val- ued Rs.463.79 crore, up 17% in volume and 45% in value terms during April-December 2013 over same period last year . The NCDEX futures swelled by 2.54% to close at Rs 6339 per quintal. The NCDEX futures added 4% in open in- terest indicating fresh buying by traders. Preliminary reports of sowing of kharif crops have been re- ceived from States. It is reported that as on 13th June 2014, rice has been sown/transplanted in 2.38 lakh ha, pulses in 2.42 ha and oilseeds in 0.78 lakh ha. The planting of sugar- cane and cotton is in progress. Sugarcane has been planted in 43.52 lakh ha and cotton in 17.34 lakh ha as on 13th June 2014. The average retail price of onions, a commodity on the gov- ernment's radar for deciding on imposing a minimum export price (MEP), rose 15% in June (till Thursday) as compared to January in Mumbai and Chennai. However, prices eased in both Delhi and Kolkata over this period.
  6. 6. DAILY REPORT 16th JUNE 2014 YOUR MINTVISORY Call us at +91-731-6642300 JPY/INR BUY JPY/INR ABOVE 58.84 TGTS 58.99, 59.14 SL 58.63. SELL JPY/INR BELOW 58.36 TGTS 58.21, 58.06 SL 58.51. GBP/INR BUY GBP/INR ABOVE 101.66 TGTS 101.81, 101.96 SL 101.45. SELL GBP/INR BELOW 101.08 TGTS 100.93, 100.78 SL 101.29. CURRENCY ROUNDUP The Indian rupee saw its biggest single-day fall in four-and-a -half months on Friday as escalating civil war in Iraq dulled the buoyant risk appetite, with oil importers running in to buy the greenback on fears crude prices could spike further. India imports nearly two-third of its oil requirements with oil importers being the largest buyers of dollars in the local currency market. The partially convertible rupee closed at 59.76/77 per dollar, weaker than 59.25/26 on Thursday. The unit dropped to a low of 59.80 during the day, its lowest level since May 13. The rupee fell 0.85 percent on the day, its steepest one-day drop since Jan. 24. On the week, the rupee slipped 1%, falling for the third straight week, which is also its biggest weekly fall since the week to Jan. 24. In the offshore non-deliverable forwards, the one-month contract was at 60.09 while the three-month was at 60.65. The dollar fell against the euro for the first time in five trad- ing sessions, although the euro was not far from a four- month low of $1.3503 hit last week after the European Cen- tral Bank cut rates to record lows. A drop in U.S. Treasuries yields narrowed the gap between yields on U.S. Treasuries and German bunds, leading traders to take profits on the dollar's rally against the euro. The U.S. dollar moved higher against the yen on Friday as concerns over escalating violence in Iraq fuelled safe haven demand while heightened expectations for more stimulus from the Bank of Japan weighed on the yen. USD/JPY was up 0.28% to 101.99 late Friday from 101.59 on Thursday. For the week, the pair was down 0.49%. The euro edged higher against the yen on Friday, with EUR/ JPY rising 0.26% to 138.18, not far from the four month low of 137.71 struck in the previous session. For the week, the pair lost 0.81% CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 59.4783 Yen-100 58.2800 Euro 80.7120 GBP 100.9347
  7. 7. DAILY REPORT 16th 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 13/06/14 MCX GOLD JUNE BUY 26250 26320-26360 26100 NOT EXECUTED 13/06/14 MCX GOLD JUNE SELL 26050 25900-25790 26200 NOT EXECUTED 13/06/14 MCX SILVER JULY BUY 41050 41200-41500 40800 NOT EXECUTED 13/06/14 MCX SILVER JULY SELL 40800 40500-40200 41050 NOT EXECUTED 13/06/14 NCDEX GUARSEED JULY BUY 5375 5405-5455 5325 BOOKED FULL PROFIT 13/06/14 NCDEX GUARSEED JULY SELL 5315 5285-5235 5365 NOT EXECUTED 13/06/14 NCDEX DHANIYA JULY BUY 10420 10450-10500 10370 BOOKED FULL PROFIT 13/06/14 NCDEX DHANIYA JULY SELL 10290 10260-10210 10340 NOT EXECUTED 13/06/14 JPY/INR JUNE BUY 58.41 58.56-58.71 58.28 BOOKED FULL PROFIT 13/06/14 JPY/INR JUNE SELL 58.07 57.92-57.77 58.28 NOT EXECUTED 13/06/14 EUR/INR JUNE SELL 80.21 80.06-79.91 80.42 NOT EXECUTED 13/06/14 EUR/INR JUNE BUY 80.64 80.79-80.94 80.43 BOOKED FULL PROFIT Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 13/06/14 NIFTY FUTURE SELL 7580 7530-7480 7630 BOOKED PROFIT 13/06/14 LUPIN FUTURE BUY 980 1020-1025 960 CALL OPEN 13/06/14 YESBANK FUTURES FUTURE SELL 548 542-534 560 BOOKED PROFIT 13/06/14 CENTURY PLY CASH SELL 69 67-65 71 NOT EXECUTED 10/06/14 POWER GRID FUTURE SELL 135 142-145 130 CALL OPEN 10/06/14 BANK OF BARODA FUTURE BUY 885-890 920-950 850 SL TRIGGERED
  8. 8. DAILY REPORT 16th 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 16 8:30 AM EMPIRE STATE INDEX JUNE 16.7 19.0 9:15 AM INDUSTRIAL PRODUCTION MAY 0.5% -0.6% 9:15 AM CAPACITY UTILIZATION MAY 78.8% 78.6% 10 AM HOME BUILDERS' INDEX JUNE 47 45 10 AM CONSTRUCTION SPENDING APRIL 0.9% 0.2% TUESDAY, JUNE 17 8:30 AM CONSUMER PRICE INDEX MAY 0.2% 0.3% 8:30 AM CORE CPI MAY 0.2% 0.2% 8:30 AM HOUSING STARTS MAY 1.03MLN 1.07 MLN WEDNESDAY, JUNE 18 8:30 AM CURRENT ACCOUNT 1Q -- -$81 BLN 2 PM FED STATEMENT 2:30 PM YELLEN PRESS CONFERENCE THURSDAY, JUNE 019 8:30 AM JOBLESS CLAIMS 6/14 N/A N/A 10 AM PHILLY FED JUNE 16.0 15.4 10 AM LEADING INDICATORS MAY -- 0.4% FRIDAY, JUNE 20 NONE SCHEDULED