Stock market special report by epic research 18th july 2014


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Stock market special report by epic research 18th july 2014

  1. 1. DAILY REPORT 18th JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance The pan-European FTSEurofirst 300 fell 0.3%. Mixed earnings reports and Wednesday's gains - the biggest in three months - bred caution among investors Asian equities dipped on Thursday, giving up earlier mod- est gains as Chinese shares fell, while the euro probed recent lows against the dollar amid speculation the U.S. Federal Reserve was tilting towards tighter monetary pol- icy. Japan's Nikkei and Hong Kong's Hang Seng ended flat with a negative bias. In addition, China’s Shanghai Composite Index dipped 0.5%. On the other hand, Singa- pore's Straits Times rose 0.7%. Wall Street Update US stocks sank on Thursday, with the S&P 500 posting its biggest one-day percentage drop since April 10 on news that a Malaysian Airlines passenger jet crashed near the Ukraine-Russia border. Investors sold stocks in a move to avoid risk and poured money into safe-haven invest- ments like gold and US government bonds as the crash stoked concerns that the conflict in Ukraine might widen after US sanctions against Russia were announced late Wednesday. The Dow Jones industrial average fell 161.39 points or 0.94 percent, to end at 16,976.81. The S&P 500 lost 23.45 points or 1.18 percent, to 1,958.12. The Nasdaq Compos- ite dropped 62.52 points or 1.41 percent, to 4,363.45. Previous day Roundup The benchmark indices ended flat amid choppy trades after investors turned cautious and booked profits at higher levels. Losses in financials and oil and gas shares capped gains. The market was ranged in today's trade with metals and pharma attracting good buyers. The Sen- sex ended up 11.44 points at 25561.16 and the Nifty was up 16.05 points at 7640.45. About 1731 shares have ad- vanced, 1200 shares declined, and 111 shares are un- changed. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 177.65pts], Capital Goods [up 182.21pts], PSU [up 73.35pts], FMCG [up 22.92pts], Realty [down 15.60pts], Power [up 51.98pts], Auto [down 25.24pts], Healthcare [up 67.42pts], IT [up 6.98Pts], Metals [up 319.62pts], TECK [up 10.76 pts], Oil& Gas [down 45.46pts]. World Indices Index Value % Change D J l 16976.81 -0.94 S&P 500 1958.12 -1.18 NASDAQ 4363.45 -1.41 EURO STO 3157.82 -1.41 FTSE 100 6738.32 -0.68 Nikkei 225 15206.74 -1.06 Hong Kong 23386.91 -0.57 Top Gainers Company CMP Change % Chg TATAPOWER 108.85 3.90 3.72 GRASIM 3,370.00 106.75 3.27 KOTAKBANK 913.20 28.15 3.18 ACC 1,479.50 43.90 3.06 HINDALCO 187.80 5.50 3.02 Top Losers Company CMP Change % Chg M&M 1,182.00 40.05 -3.28 IDFC 159.20 4.05 -2.48 BAJAJ-AUTO 2,087.10 50.00 -2.34 DLF 221.70 3.75 -1.66 ONGC 411.10 5.00 -1.20 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg ADANI PORTS 284.3 3.30 +1.17 APOLLOHOSP 1103.85 48.9 +4.64 HINDALCO 187.8 5.50 +3.02 MCX 790.60 40.45 +5.39 TATACHEM 338.8 0.80 +0.24 Indian Indices Company CMP Change % Chg NIFTY 7640.45 +16.05 +0.21 SENSEX 25561.16 +11.44 +0.04 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg
  2. 2. DAILY REPORT 18th JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. IRB INFRA FUTURE IRB INFRA future is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 276 levels. We advise buying around 276-277 levels with strict stop loss of 271 for the targets of 281-286. 2. VOLTAS FUTURE VOLTAS FUTURE looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 213 levels. We advise buying around 213-214 levels with strict stop loss of 208 for the targets of 219-224 EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. SONATA SOFT SONATA SOFT ascending triangle on daily chart. We advise buying around 78.50 level with strict stop loss 77 for the targets of 80-81.50 MACRO NEWS Bajaj Auto disappointed street with the Q1 net profit ris- ing marginally to Rs 740 crore compared to Rs 737.7 crore in same quarter last year, dented by weak operational performance and higher depreciation charge. AdaniPorts obtained environment and coastal regulation zone nod for Mundra SEZ, removing a major overhang. Lakshmi Vilas Bank Q1 net profit jumped 11% at Rs 28.15cr. Its total income moved to Rs 587.12cr from Rs 532.45cr in year-ago period. On asset quality front, its gross non-performing assets ratio improved to 3.96% Vs the 5.27% in June 2013 and 4.19% in March 2014. The DERC on Thursday approved a power tariff hike of up to 9.52% in the national capital. DERC approved a hike of 8.32% in the case of BRPL, BYPL, TPDDL for FY15. A hike of 8.3% was agreed on for NTPC. Department of Disinvestment plans SAIL stake sale in Sep- tember; ONGC, power companies to follow. TCS surpassed street expectations on every parameter with Q1 consolidated net profit at Rs 5,057 crore, down 4.5% as against CNBC-TV18 poll estimates of 11% de- growth. Net profit in March quarter was Rs 5,296.7cr. Ex- ceptional gain for the quarter was Rs 489.75cr on account of change in depreciation policy.
  3. 3. DAILY REPORT 18th 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 7,600 54 3,11,834 37,71,250 NIFTY PE 7,500 28.7 3,02,611 66,81,000 NIFTY PE 7,400 14.95 1,94,770 53,48,100 BANKNIFTY PE 15,000 139.9 26,146 6,10,950 TCS PE 2,300 24.75 3,696 2,91,250 SBIN PE 2,500 20.35 3,223 2,60,250 INFY PE 3,200 39.65 2,091 2,88,375 IDFC PE 160 5.45 1,700 9,02,000 MOST ACTIVE CALL OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 7,700 55.5 3,80,222 54,92,750 NIFTY CE 7,800 24.9 3,18,524 49,62,700 NIFTY CE 7,600 109.5 2,02,580 43,42,200 BANKNIFTY CE 16,000 40.8 26,019 5,89,575 SBIN CE 2,600 42.5 5,079 3,49,375 INFY CE 3,300 43.15 4,401 5,43,125 TCS CE 2,500 20.1 3,754 3,93,375 RELIANCE CE 1,000 17.05 3,198 11,05,250 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 61531 2350.20 47895 1830.20 344074 13170.89 520.00 INDEX OPTIONS 272731 10404.28 255713 9772.48 1726567 65955.10 631.80 STOCK FUTURES 105162 3877.61 103857 3762.58 1546356 56469.83 115.03 STOCK OPTIONS 71109 2716.33 69561 2652.12 119270 4449.32 64.21 TOTAL 1331.04 INDICES R2 R1 PIVOT S1 S2 NIFTY 7,679.22 7,659.83 7,636.27 7,616.88 7,593.32 BANK NIFTY 15,388.28 15,328.67 15,242.33 15,182.72 15,096.38 STOCKS IN NEWS Results: Zee Entertainment , Reliance Infrastructure , RPower, CRISIL, SKF India, Tata Elxsi. Tata Steel launches Pravesh Doors, wood finish steel doors for homes. Tata Steel plans to transport steel, coal via waterways. Tata Power Solar partners with BajajFin to provide EMI options on purchase solar power equipments. NTPC sounds warning as coal stocks near depletion. NTPC to evaluate 4-5 pvt firms' takeover proposals out of 34. NIFTY FUTURE Nifty Future closed flat in the last trading session. We advise buying around 7680 level with strict stop loss of 7630 for the targets of 7730-7780
  4. 4. DAILY REPORT 18th JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 COMMODITY MCX RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER SEP ABOVE 45600 TGTS 45800,46100 SL 45300 SELL SILVER SEP BELOW 45250 TGTS 45050,44750 SL 45550 GOLD TRADING STRATEGY: BUY GOLD AUG ABOVE 28260 TGTS 28340,28440 SL 28160 SELL GOLD AUG BELOW 28050 TGTS 27970,27870 SL 28150 COMMODITY ROUNDUP Soaring gold imports from India are supporting gold prices. MCX Gold futures rose towards Rs 28000 per 10 gram levels yesterday as the global prices rallied well above $ 1300per ounce levels . However, the equities are witnessing some profit selling in Asia and that kept advances in gold under check. COMEX Gold quoted at $1305.60 per ounce, up$5.80 per ounce on the day. MCX Gold futures are trading at Rs 27828 per 10 grams, up Rs152 per 10 grams or half a per- cent on the day. India’s gold imports jumped in June as the RBI’s decision to ease some of the heavy curbs on gold imports pushed up the total gold purchases. After declining for seven months in a row, India's gold imports in June grew 65.13% to $3.12 billion from $1.88billion in June 2013. The soaring imports of the precious metal also pushed up the country's trade deficit to $11.76 billion in June from $11.28 billion in the same month last year. Tracking a rising trend in global markets, silver futures prices today rose by 0.63% to Rs 45,730 per kg as specula- tors built fresh positions amid covering-up of short posi- tions. At the MCX, silver for delivery in far-month December traded higher by Rs 285, or 0.63%, to Rs 45,730 per kg in business turnover of eight lots. The white metal for delivery in September was up by Rs 277, or 0.60%, to Rs 44,844 per kg in a turnover of 681 lots. In the international market, silver traded higher at $20.79 an ounce in Singapore from $20.76 yesterday. Besides covering up of short positions by speculators, a firming trend in the precious metals in the global market, supported the upside in silver futures here. Nickel prices moved down by 0.22% to Rs 1,152.90 per kg in futures trade today as participants reduced their exposures, tracking a weak trend overseas and sluggish demand from alloy-makers in the spot market. At MCX nickel for delivery in July month declined by Rs 2.50, or 0.22%, to Rs 1,152.90 per kg in a turnover of 538 lots. Similarly, the metal for de- livery in August traded lower by Rs 2.90 or 0.22%, to Rs 1,159.20 per kg in 32 lots. The fall in nickel prices at futures trade to a weak trend in metal at the London Metal Ex- change (LME) and low demand from alloy-makers at do- mestic spot markets also influenced prices.
  5. 5. DAILY REPORT 18th JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS DHANIYA BUY DHANIYA AUG ABOVE 12000 TGTS 12030,12080 SL 11950 SELL DHANIYA AUG BELOW 11830 TGTS 11800,11750 SL 11880 GUARSEED BUY GUARSEED AUG ABOVE 5495 TGTS 5525,5575 SL 5445 SELL GUARSEED AUG BELOW 5425 TGTS 5395,5345 SL 5475 NCDEX NCDEX INDICES Index Value % Change Castor Seed 4130 +0.17 Chana 2792 +0.61 Coriander 11369 -0.34 Cotton Seed Oilcake 1693 -0.70 Guarseed 5330 -3.96 Jeera 11510 +0.48 Mustard seed 3590 +0.56 Soy Bean 3985 +0.33 Sugar M Grade 2999 0.00 Turmeric 6234 +0.10 NCDEX ROUNDUP The revival of monsoon rains in the grain bowl of northwest and central regions should help speed up sowing of main summer crops such as rice, corn, soybean and cotton. Cardamom prices rose further by Rs 6.90 to Rs 935 per kg in futures trade yesterday as speculators created fresh posi- tions, supported by rising demand in spot markets. At MCX cardamom for delivery in August rose Rs 6.90, or 0.74%, to Rs 935 per kg in business turnover of 228 lots. Similarly, the spice for delivery in September traded higher by Rs 5.60, or 0.61%, to Rs 913 per kg in 39 lots. Fresh positions created by speculators following pick up in demand in the spot mar- kets against restricted arrivals from producing regions mainly led to the rise in cardamom prices at futures trade. Uneven distribution of monsoon rainfall, after a month of delay, has started affecting kharif crops, with the price of pulses up 11% so far this month. Data from the Union minis- try of food showed the price of moong dal in the wholesale Delhi market was Rs 80 a kg on Wednesday, compared with Rs 70 a kg on July 1. Urad dal was Rs 70 a kg from Rs 64 a kg in the period. Chana dal in the retail Delhi market was Rs 45.50 a kg on Wednesday from Rs 38 a kg on July 1. Tea prices in South India have declined by 13.5% to Rs 90 per kg between January and May 2014 as against Rs 104 per kg in the corresponding period last year despite lower pro- duction due to extreme weather conditions during this pe- riod.
  6. 6. DAILY REPORT 18th JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 JPY/INR BUY JPY/ INR ABOVE 59.51 TGTS 59.66, 59.81 SL 59.31. SELL JPY/INR BELOW 59.22 TGTS 59.07, 58.92 SL 59.42. GBP/INR SELL GBP/INR BELOW 102.97 TGTS 102.82, 102.67 SL 103.17. BUY GBP/INR ABOVE 103.28 TGTS 103.43, 103.58 SL 103.08. CURRENCY ROUNDUP The Japanese yen, Swiss franc, gold and German govern- ment bonds all rose in early European trade after what has been a subdued session in Asia. The rupee fell marginally by two paise to 60.14 against the dollar in early trade on Thursday on increased demand for the US currency from banks and importers. The dollar weakened against most major currencies on Thursday after a Malaysian Airplanes plane crashed in Ukraine along the Russian border, with reports the aircraft was shot down sending investors avoiding the greenback in favor of safe-haven assets like gold. The dollar was down against the yen. and down against the Swiss franc, with USD/CHF down 0.09% at 0.8974. The greenback was up against the pound. The dollar was mixed against its cousins in Canada, Australia and New Zealand, with USD/CAD up 0.10% at 1.0753, AUD/USD up 0.02% at 0.9370 and NZD/ USD down 0.26% at 0.8689. The US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.07% at 80.56. The yen marched to a five-month high versus the euro and rallied against the dollar on Friday, as news of a Malaysian airliner being downed over Ukraine and escalating conflict in Gaza boosted the safe-haven currency. U.S. crude oil jumped by more than $2 on Thursday after a Malaysian air- liner was shot down over eastern Ukraine. U.S. Treasury prices rose on Thursday as investors sought a safe haven after news a Malaysian passenger plane came down over eastern Ukraine, an area of increasing conflict between the government and pro-Moscow rebels. India's central bank said on Thursday it would conduct a 7- day term repo auction for 100 billion rupees ($1.66 billion) on Friday, in order to infuse liquidity into the banking sys- tem. The reversal of the 4-day term repo will take place on July 25, the Reserve Bank of India said. Indian banks' refi- nancing with RBI rises to 315.22 bln rupees. Indian banks' cash balances with RBI rises to 3.28 trln rupees. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 60.1401 Yen-100 59.2500 Euro 81.3340 GBP 103.0019
  7. 7. DAILY REPORT 18th 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 17/07/14 MCX GOLD AUG. BUY 27770 27850-27950 27670 BOOKED FULL PROFIT 17/07/14 MCX GOLD AUG. SELL 27560 27480-27380 27660 NOT EXECUTED 17/07/14 MCX SILVER SEP. BUY 44800 45000-45300 44500 BOOKED FULL PROFIT 17/07/14 MCX SILVER SEP. SELL 44400 44200-43900 44700 NOT EXECUTED 17/07/14 NCDEX GUARSEED AUG. BUY 5670 5700-5750 5620 NOT EXECUTED 17/07/14 NCDEX GUARSEED AUG. SELL 5590 5560-5510 5640 BOOKED FULL PROFIT 17/07/14 NCDEX DHANIYA AUG. BUY 12075 12105-12155 12025 BOOKED PROFIT 17/07/14 NCDEX DHANIYA AUG. SELL 11985 11955-11905 12035 BOOKED FULL PROFIT 17/07/14 USD/INR JULY BUY 60.45 60.61-60.76 60.25 NOT EXECUTED 17/07/14 USD/INR JULY SELL 60.16 60.01-59.86 60.36 NOT EXECUTED 17/07/14 EUR/INR JULY SELL 81.44 81.29-81.18 81.64 NO PROFIT NO LOSS 17/07/14 EUR/INR JULY BUY 81.76 81.91-82.06 81.56 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 17/07/14 NIFTY FUTURE BUY 7680 7730-7780 7630 NOT EXCUTED 17/07/14 SSLT FUTURE BUY 297-300 308-315 292 CALL OPEN 17/07/14 ADANI PORTS FUTURE BUY 282.285 290295 276 CALL OPEN 17/07/14 ASTRA MICRO- WAVE CASH BUY 140 142.5-145 137.5 BOOKED FULL PROFIT
  8. 8. DAILY REPORT 18th 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%