Stock market special report by epic research 1st july 2014


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Stock market special report by epic research 1st july 2014

  1. 1. DAILY REPORT 01st JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance European equities steadied on Monday, as gains in chemicals companies led by the Belgian group Solvay were offset by weaker travel stocks after a ratings down- grade caused easyJet shares to slump. The FTSEurofirst 300 index of top European shares ended 0.05 percent lower at 1,370.60 points after moving in and out of posi- tive territory during the day. The European banking index was down 0.7%. Asian shares were off to a cautious start near a three- year high on Tuesday while the U.S. dollar was listless as investors took new bets that U.S. monetary policy will stay loose for some time. MSCI's broadest index of Asia- Pacific shares outside Japan. MIAPJ0000PUS ticked down 0.1%, though it was still within 0.3 percent from a three- year high hit three weeks ago. Japan's Nikkei .N225 gained 1% Wall Street Update The S&P 500 and the Nasdaq Composite indexes wrapped up a sixth straight quarter of gains on Monday, a streak not seen in more than 14 years. The three major US stock indexes, however, closed little changed for the day, following a set of mixed economic data. After the S&P 500's 30 percent gain last year, many investors had expected a halt to an equity bull market that is now in its fifth year. The Dow Jones industrial average fell 25.24 points or 0.15 percent, to 16,826.60. The S&P 500 dipped 0.73 of a point, or 0.04 percent, to 1,960.23. The Nasdaq Composite added 10.25 points or 0.23 percent, to 4,408.18. Previous day Roundup The market started off the week on a solid note with the benchmark indices rising more than a % supported by banks, infrastructure and PSU oil & gas stocks. The Sensex shot up 313.86 points to close at 25413.78 and the Nifty gained 102.55 points to 7611.35 while the broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising 1.9 % and 1.8 %, re- spectively. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 49.09pts], Capital Goods [up 346.38 pts], PSU [up 220.59pts], FMCG [up 49.81pts], Realty [up 21.56pts], Power [up 64.96pts], Auto [up 51.02pts], Healthcare [up 202.59pts], IT [up 75.13Pts], Metals [up 160.31pts], TECK [up 75.13pts], Oil& Gas [up 160.87pts]. World Indices Index Value % Change D J l 16826.60 -0.15 S&P 500 1960.23 -0.04 NASDAQ 4408.18 +0.23 EURO STO 3228.24 +0.01 FTSE 100 6743.94 -0.20 Nikkei 225 15358.86 +1.30 Hong Kong 23190.72 -0.13 Top Gainers Company CMP Change % Chg BPCL 600.00 30.30 +5.32 IDFC 135.15 6.80 +5.30 PNB 992.5 41.00 +4.31 SUNPHARMA 687.5 26.65 +4.03 TATAPOWER 107.8 4.00 +3.85 Top Losers Company CMP Change % Chg MCDOWELL-N 2393.9 96.45 -3.87 MARUTI 2437.5 17.20 -0.70 BAJAJ-AUTO 2295.00 14.10 -0.61 M&M 1148.00 5.50 -0.48 TATAMOTORS 430.60 1.75 -0.40 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg ASIANPAINT 593 8.30 +1.42 BAJAJ AUTO 2295 14.10 -0.61 BIIOCON 530.60 6.35 +1.21 GREAVES COTTON 115.70 1.65 +1.45 JSWENERGY 84.8 6.80 +8.72 Indian Indices Company CMP Change % Chg NIFTY 7611.35 +102.55 +1.37 SENSEX 25413.78 +313.86 +1.25 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg
  2. 2. DAILY REPORT 01st JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. JSW ENERGY FUTURE JSW ENERGY FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 80 levels. We advise buying around 81-82 levels with strict stop loss 78 for the targets of 84-85 levels. 2. IDFC FUTURE IDFC FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 130 levels. We advise buying around 132-135 levels with strict stop loss 128 for the targets of 138-140 levels. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. SONATA SOFT SONATA SOFT on 52 week high. We advise buying around 83.75 level with strict stop loss 82.25 for the targets of 85.25-86.75 MACRO NEWS India's Manufacturing PMI for June (0500 GMT) Oil ministry is keen on fixed realization of USD 60-65 a barrel for ONGC and Oil India, and is also keen to link pro- duction with fixed higher realizations. The fiscal deficit in the first two months of 2013-14 was Rs 2.4 lakh cr or 45.6% of Budget Estimates for the whole financial year. The fiscal deficit for the whole fiscal has been pegged at Rs 5.28 lakh cr. The deficit during the same period last year was 33.3% of Budget Estimates. The fiscal deficit was Rs 5,08,149 cr or 4.5% of GDP in 2013-14, down from 4.9% in the previous year. The government had put in place a fiscal consolidation roadmap as per which the fiscal deficit has to be brought down to 3 % of the GDP by 2016-17. Petrol price was yesterday hiked by a steep Rs 1.69 per litre and diesel by 50 paise a litre as the crisis in Iraq spooked international oil and currency markets. The hike, effective midnight yesterday, excludes local sales tax or VAT and the actual increase will be higher, varying from city to city. Petrol in Delhi will cost Rs 73.58 per litre, up Rs 2.02 from Rs 71.56 at present. Diesel rates will go up by 56 paise to Rs 57.84 per litre.
  3. 3. DAILY REPORT 01st 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 7,400 69 1,39,378 28,34,750 NIFTY PE 7,500 100.4 1,02,712 32,25,300 NIFTY PE 7,300 45.6 95,987 30,02,600 BANKNIFTY PE 15,000 330.1 7,163 3,18,250 RELIANCE PE 1,000 23.5 2,442 3,83,250 SBIN PE 2,700 107.5 2,183 1,88,875 ICICIBANK PE 1,400 42.5 1,347 2,18,250 MCDOWELL-N PE 2,300 43 1,224 1,70,625 MOST ACTIVE CALL OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 7,800 74.1 1,55,269 33,24,000 NIFTY CE 7,700 112.4 1,42,565 27,49,300 NIFTY CE 8,000 26.8 1,32,634 60,61,800 BANKNIFTY CE 16,000 220 12,464 2,54,475 RELIANCE CE 1,040 26.2 3,586 6,04,750 MCDOWELL-N CE 2,500 58 2,420 2,71,500 SBIN CE 2,800 71 2,205 1,26,375 IDFC CE 140 3.65 1,828 24,12,000 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 33922 1294.42 42399 1618.65 296113 11311.52 -324.23 INDEX OPTIONS 173983 6575.43 165749 6303.52 1148975 43728.54 271.92 STOCK FUTURES 80783 2993.77 85103 3135.02 1475118 55569.19 -141.25 STOCK OPTIONS 34791 1305.08 33600 1269.63 46633 1749.01 35.45 TOTAL -158.11 INDICES R2 R1 PIVOT S1 S2 NIFTY 7,680.92 7,646.13 7,588.87 7,554.08 7,496.82 BANK NIFTY 15,481.17 15,361.53 15,210.32 15,090.68 14,939.47 STOCKS IN NEWS Kirloskar Brothers’ promoters have raised their stake in the company through open market. the promoter of the company, has bought an additional 13,375 shares representing of the company between May 25 and May 26, 2014 on NSE. IOC to up petrol prices by Rs 1.69/litre and to up retail diesel prices by 50 paise/litre. TCS -Mitsubishi's Japanese JV deal gets Competition Commission of India (CCI) nod. NIFTY FUTURE Nifty Future closed upside in the last trading session. We advise buying around 7625 levels with strict stop loss of 7575 for the targets of 7675-7725
  4. 4. DAILY REPORT 01st JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 COMMODITY MCX RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER JUL ABOVE 44630 TGTS 44780,44890 SL 44430 SELL SILVER JUL BELOW 43750 TGTS 43600,43400 SL 43950 GOLD TRADING STRATEGY: BUY GOLD AUG ABOVE 27780 TGTS 27820,27920 SL 27710 SELL GOLD AUG BELOW 27540 TGTS 27490,27390 SL 27610 COMMODITY ROUNDUP Brent crude fell toward $112 a barrel on Monday, hitting an 18-day low as did U.S. crude near $105, as investors grew less worried about potential supply disruptions from Iraq. U.S. Treasuries prices rose modestly on Monday on month- end buying and reluctance to sell ahead of quarter-end and U.S. jobs data on Thursday, putting bond prices on track for gains in the first half of the year. Indian Oil Corp will raise the retail price of gasoline by about 2.8 percent and that of diesel by about 1 percent from Tuesday as global oil prices has firmed and the rupee weakened in the last two weeks due to violence in Iraq. The ratio of the price of gold to the WTI (a particular meas- ure) crude oil price is around a six-year low. The ratio tells how many barrels of crude oil are needed to buy one ounce of gold. Currently, it is 12.5, meaning 12.5 barrels of crude oil are needed to buy an ounce of gold. A rising ratio means more barrels of oil are needed to buy an ounce of gold and vice versa. The geographical shift in steelmaking capacity to emerging economies since the 70s has now picked up greater force in the automobile sector. In the global steel production of 1.607 billion tonnes (bt) in 2013, the share of Asia (1.08 bt) was 67.3 per cent, Gold futures fell by 0.19 per cent to Rs 27,620 per 10 grams yesterday as speculators offloaded positions to book profits amid a weak global trend. At the Multi Commodity Ex- change, gold for delivery in August fell by Rs 52, or 0.19 per cent, to Rs 27,620 per 10 grams in a business turnover of 199 lots. October gold declined by Rs 33, or 0.12 per cent, to Rs 27,717 per 10 grams in five lots. The fall in gold fu- tures was mostly due to profit-booking by speculators and a weak trend overseas. Meanwhile, gold prices fell to $1,315.51 an ounce in Singapore. Crude palm oil futures traded higher by 0.25% to Rs 527.60 per 10 kg yesterday as speculators enlarged positions on upsurge in demand in the spot market. At the Multi Com- modity Exchange, crude palm oil for delivery in July moved up by Rs 1.30, or 0.25%, to Rs 527.60 per 10 kg in a business turnover of 136 lots.
  5. 5. DAILY REPORT 01st JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS DHANIYA BUY DHANIYA JUL ABOVE 11140 TGTS 11170,11220 SL 11090 SELL DHANIYA JUL BELOW 11055 TGTS 11025,10975 SL 11105 GUARSEED BUY GUARSED JUL ABOVE 5870 TGTS 5900,5950 SL 5820 SELL GYARSEED JUL BELOW 5755 TGTS 5725,5675 SL 5805 NCDEX NCDEX INDICES Index Value % Change Castor Seed 4460 +0.25 Chana 2906 +1.11 Coriander 11102 +3.24 Cotton Seed Oilcake 1686 +1.08 Guarseed 5775 -0.86 Jeera 11285 0.00 Mustard seed 3537 +0.03 Soy Bean 4081 +2.38 Sugar M Grade 3118 +0.19 Turmeric 6556 +0.52 NCDEX ROUNDUP Crude palm oil futures traded higher by 0.25% to Rs 527.60 per 10 kg today as speculators enlarged positions on up- surge in demand in the spot market. At the MCX crude palm oil for delivery in July moved up by Rs 1.30, or 0.25%, to Rs 527.60 per 10 kg in a business turnover of 136 lots. Simi- larly, the oil for delivery in August edged up by Rs 1.10, or 0.21%, to Rs 525.60 per 10 kg in 14 lots. The rise in crude palm oil prices in futures trade was mostly influenced by rise in demand in the spot market against tight supplies from producing regions. Sugar prices rose 0.35% to Rs 3,160 per quintal in futures trade yesterday as speculators enlarged positions, sup- ported by summer season demand against tight supplies in the spot markets from millers. Besides, a slew of measures announced by the govt last week to bail out the cash- strapped mills, supported the upside. At NCDEX, sugar for delivery in August rose by Rs 11, or 0.35%, to Rs 3,160 per quintal with an open interest of 25,770 lots. Likewise, the sweetener for delivery in July gained Rs 9, or 0.29%, to Rs 3,121 per quintal in 28,980 lots. The rise in the sweetener's prices was mostly due to summer season demand from bulk consumers against tight supplies by millers in the spot mar- kets amidst a slew of measures announced by the govern- ment for cash-strapped mills. Meanwhile, the government last week raised import duty to 40% from 15% besides addi- tional interest-free loan of Rs 4,400 cr for sugar mills.
  6. 6. DAILY REPORT 01st JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 GBP/INR BUY GBP/INR ABOVE 103.26 TGTS 103.41, 103.56 SL 103.05. SELL GBP/INR BELOW 102.96 TGTS 102.81, 102.66 SL 103.17. JPY/INR BUY JPY/INR ABOVE 59.86 TGTS 60.01, 60.16 SL 59.65. SELL JPY/INR BELOW 59.56 TGTS 59.41, 59.26 SL 59.77. CURRENCY ROUNDUP The Indian rupee fell on Monday, posting its first quarterly fall in three, as suspected intervention by the central bank continues to prevent the currency from gaining much above 60 to the dollar. The RBI has been frequently buying dollars ever since the rupee touched as much as 58.33 to the dollar on May 23, its highest in 11 months, in a bid to prevent the currency from appreciating too much. The dollar languished at seven-week lows against a basket of major currencies on Tuesday, having extended a month- long decline after a recent batch of mixed data cast doubts on the strength of the U.S. economic recovery. The dollar index fell as far as 79.759, a low not seen since May 9, end- ing a woeful month for dollar bulls that saw it slump from a four-month peak of 81.020. In June, the index fell 0.7%. Against the yen, the dollar bought 101.32 JPY=, not far from a six-week low of 101.23. Markets seemed bent on selling the dollar and chose to ignore optimistic U.S. data showing a jump in pending home sales to an eight-month high. The Aussie last traded at $0.9432 AUD=D4, having oscillated around the 94 cent mark for three weeks now. Resistance at the recent high of $0.9445 and its 2014 peak of $0.9461 were capping the currency. India's monsoon rainfall was 43 percent below average in June, the weather office said on Monday, the weakest first month of the season in five years. The RBI said on Monday it accepted all 55 bids for 213.49 billion rupees ($3.55 billion) at its one-day repo auction, through which it injects liquidity into the banking system. Indian banks' refinancing with RBI falls to 249.64 billion ru- pees. Indian banks' cash balances with RBI fall marginally. The partially convertible rupee closed at 60.17/18 per dollar compared with 60.0850/0950 on Friday. In the offshore non-deliverable forwards, the one-month contract was at 60.40/50, while the three-month was at 61.00/10. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 60.0933 Yen-100 59.2800 Euro 82.0094 GBP 102.3269
  7. 7. DAILY REPORT 01st 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 30/06/14 NCDEX GUARSEED JULY BUY 5850 5880-5930 5800 BOOKED PROFIT 30/06/14 NCDEX GUARSEED JULY SELL 5780 5760-5710 5830 BOOKED PROFIT 30/06/14 NCDEX DHANIYA JULY BUY 10790 10820-10870 10740 BOOKED FULL PROFIT 30/06/14 NCDEX DHANIYA JULY SELL 10745 10715-10665 10795 NOT EXECUTED 30/06/14 JPY/INR JULY BUY 59.71 59.86-60.01 59.50 NO PROFIT NO LOSS 30/06/14 JPY/INR JULY SELL 59.33 59.18-59.03 59.54 NOT EXECUTED 30/06/14 EUR/INR JULY SELL 82.16 82.01-81.86 82.37 NOT EXECUTED 30/06/14 EUR/INR JULY BUY 82.36 82.51-82.66 82.15 BOOKED FULL PROFIT Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 30/06/14 NIFTY FUTURE SELL 7500 7450-7400 7550 NOT EXECUTED 30/06/14 HEXAWARE FUTURE BUY 155-158 161-164 152 BOOKED PROFIT 30/06/14 BHARAT FORGE FUTURE BUY 605-610 620-630 590 NOT EXECUTED 30/06/14 GATI CASH SELL 112 110-108 114 NOT EXECUTED 27/06/14 BIOCON FUTURE BUY 515-520 530-545 500 BOOKED PROFIT 26/06/14 IRB FUTURE BUY 225-228 234-238 221 CALL OPEN 16/06/14 HINDUNILVR FUTURE BUY 635-640 655-675 610 CALL OPEN 16/06/14 DIVIS LAB FUTURE BUY 1340-1360 1400-1465 1290 BOOKED PROFIT 10/06/14 POWER GRID FUTURE SELL 135 142-145 130 CALL OPEN
  8. 8. DAILY REPORT 01st 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, JUNE 30 9:45 am Chicago PMI June 64.7 65.5 10 am Pending home sales May -- 0.4% TUESDAY, JULY 01 9:45 am Markit PMI June -- 57.5 10 am ISM June 55.7% 55.4% 10 am Construction spending May 0.5% 0.2% TBA Motor vehicle sales June 16.5 mln 16.8 mln WEDNESDAY, JULY 02 8:15 am ADP employment June -- 179,000 10 am Factory orders May 0.3% 0.7% THURSDAY, JULY 03 8:30 am Weekly jobless claims 6/28 N/A N/A 8:30 am Nonfarm payrolls June 220,000 217,000 8:30 am Unemployment rate June 6.3% 6.3% 8:30 am Trade balance May -$45.0 bln -$47.2 bln 10 am ISM nonmanufacturing June 56.5% 56.3% FRIDAY, JULY 04 Independence Day None scheduled