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Stock market special report by epic research 22nd july 2014


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Stock market special report by epic research 22nd july 2014

  1. 1. DAILY REPORT 22nd JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Asian equity markets rose on Tuesday as geopolitical con- cerns in eastern Ukraine and the Gaza strip eased follow- ing new developments overnight. News of a break- through in negotiations over the developments at the downed Malaysia Airlines crash site helped to stabilize sentiment. Rebel leaders handed over two black boxes to Malaysian experts in Donetsk who confirmed they were in good condition. Focus now turns to a meeting of euro zone foreign ministers on Tuesday to discuss further sanctions against Russia. Wall Street Update US stocks slipped on Monday as investors remained cau- tious about instability in Ukraine and Gaza, though the three major indexes ended well off their lows, a sign that some appetite for riskier assets remained. The S&P 500 fell as much as 0.6 percent, though it recovered most of those losses and closed right above its 14-day moving average, suggesting buyers were using weakness to come back into the market. Still, the day's losses were broad, and nine of the 10 primary S&P 500 sector indexes fell. The S&P energy sector index represented the only posi- tive group, up 0.2 percent. US crude oil for August deliv- ery shot up 1.4 percent to settle at USD 104.59 ahead of Tuesday's contract expiry. Previous day Roundup Equity benchmarks started off week on a positive note on Monday, continuing upmove for the fifth consecutive session supported by quarterly earnings from index heavyweights Reliance Industries and HDFC. Overall it was a volatile session with the Sensex rising 73.61 points to close at 25715.17 and the Nifty gaining 20.30 points to 7684.20 after hitting day’s highs of 25861.15 and 7772.10, respectively. Experts continued to be bullish on India, saying RBI policy on August 5 and monsoon will be near term triggers for the market. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 28.06pts], Capital Goods [down 124.51pts], PSU [down 40.58pts], FMCG [up 72.33pts], Realty [down 19.76pts], Power [down 13.87pts], Auto [up 3.76pts], Healthcare [up 14.66pts], IT [down 26.37Pts], Metals [down 31.69pts], TECK [down 4.5pts], Oil& Gas [up 64.16pts]. World Indices Index Value % Change D J l 17051.73 -48.45 S&P 500 1973.63 -0.23 NASDAQ 4424.70 -7.44 EURO STO 3165.02 -0.86 FTSE 100 6728.44 -0.31 Nikkei 225 15357.10 +0.93 Hong Kong 23586.63 +0.85 Top Gainers Company CMP Change % Chg INDUSINDBK 561.00 18.65 3.44 ASIANPAINT 595.00 14.55 2.51 HDFC 1,004.75 21.75 2.21 RELIANCE 996.00 19.25 1.97 ACC 1,487.25 26.05 1.78 Top Losers Company CMP Change % Chg DLF 214.50 6.50 -2.94 TATAPOWER 103.70 2.15 -2.03 GAIL 436.20 8.85 -1.99 IDFC 160.70 3.25 -1.98 BHEL 234.20 4.45 -1.86 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg ADANIPORTS 287.6 0.70 -0.24 AXISBANK 2017.35 21.55 +1.08 CENTURYTEX 91.95 4.40 +5.03 IDFC 160.7 3.25 -1.98 MCX 848.7 62.2 +7.91 Indian Indices Company CMP Change % Chg NIFTY 7684.2 +20.30 +0.26 SENSEX 25715.17 +73.61 +0.29 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg
  2. 2. DAILY REPORT 22nd JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. CENTURY TEXTILES FUTURE CENTURY TEXTILE FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 630 levels. We advise buying around 630- 635 levels with strict stop loss of 645-650 for the targets of 620 levels. 2. CANARA BANK FUTURE CANARA BANK FUTURE looking weak on charts, short build up has been seen, we may see more downside, if it sus- tains below 400 levels. We advise selling around 405 -410 levels with strict stop loss of 425 for the targets of 390- 380 levels. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. COX & KINGS COX&KING strong on daily chart. We advise buying around 272 level with strict stop loss 268 for the targets of 276-280 MACRO NEWS Canara Bank 's Q1 net profit grew 1.9%, lower than expected, to Rs 807cr on account of lower other in- come during the quarter despite fall in provisions. Its asset quality performance weakened on sequential basis. HDFC BANK reported a profit after tax of Rs 2,233 crore in April-June quarter, a growth of 21 percent compared to Rs 1,844 crore in same quarter last year. Profitability of the bank was lower than esti- mates due to higher provisioning and lower other income while NII was in line. HDFC reported a 14.7% growth, better than expecta- tions, in Q1 net profit at Rs 1,345cr VS. Rs 1,173cr in same quarter last year. Tata Metaliks turned profitable with Q1 consolidated net profit at Rs 34.3cr as against loss of Rs 13.2 crore in corresponding quarter of last fiscal. The company's net sales were up at Rs 356.5cr Vs. Rs 341cr, Y-o-Y. Government mulls scrapping 30% domestic sourcing clause for FDI in single-brand retail. S&P ups Tata Steel outlook to 'stable' from 'negative'.
  3. 3. DAILY REPORT 22nd 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 36.4 3,92,647 54,90,300 NIFTY PE 7,700 74.85 3,10,256 28,66,650 NIFTY PE 7,500 17.1 2,49,110 68,35,500 BANKNIFTY PE 15,000 78.3 33,367 6,83,675 RELIANCE PE 980 8.5 3,295 3,53,500 SBIN PE 2,500 34.5 2,954 2,69,875 RELIANCE PE 960 3.9 2,090 3,12,500 TCS PE 2,300 6 1,866 2,23,875 MOST ACTIVE CALL OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 7,700 56 4,22,921 51,72,350 NIFTY CE 7,800 21.3 3,90,841 51,32,750 NIFTY CE 7,900 6.6 1,87,229 38,57,900 BANKNIFTY CE 16,000 29 51,858 5,19,725 RELIANCE CE 1,000 15.4 9,832 11,92,000 SBIN CE 2,600 22.5 8,367 4,51,250 TCS CE 2,500 14.8 3,331 4,42,625 ICICIBANK CE 1,500 22.5 3,020 4,80,750 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 29333 1130.10 21664 835.11 338650 13018.95 294.99 INDEX OPTIONS 250845 9614.94 261075 10001.68 1755714 67461.76 -386.73 STOCK FUTURES 71162 2562.28 57727 2152.15 1554305 56416.16 410.13 STOCK OPTIONS 59186 2225.35 60478 2270.70 117662 4387.39 -45.35 TOTAL 273.04 INDICES R2 R1 PIVOT S1 S2 NIFTY 7,741.53 7,712.87 7,693.43 7,664.77 7,645.33 BANK NIFTY 15,631.62 15,508.78 15,432.07 15,309.23 15,232.52 STOCKS IN NEWS Hindustan Media Q1 Net up 11.81 per cent at Rs 33.88 crore IOC, BPCL, HPCL to raise refining capacity to 185.3 MT by FY17 SAIL, RINL spend Rs 7k cr for plants' maintenance in 3 yrs Strides Arcolab to take control of Bafna's India branded generics biz for Rs 48.1 crore. NIFTY FUTURE Nifty Future closed flat in the last trading session. We advise buying around 7725 level with strict stop loss of 7675 for the targets of 7775-7825
  4. 4. DAILY REPORT 22nd JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 COMMODITY MCX RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER SEP ABOVE 45250 TGTS 45450,45750 SL 44950 SELL SILVER SEP BELOW 45050 TGTS 44850,44550 SL 45350 GOLD TRADING STRATEGY: BUY GOLD AUG ABOVE 28250 TGTS 28330,28430 SL 28150 SELL GOLD AUG BELOW 28000 TGTS 27920,27820 SL 28100 COMMODITY ROUNDUP In May last year, the Reserve bank of India directed banks not to import gold on a consignment basis, denting inflows in June. This year, there was some easing in the number of entities allowed to import. As a result, gold import surged to $3.1 billion in June, from $1.9 billion a year earlier. As for silver, data from the Union ministry of commerce shows import declined by 53.4 per cent to $212.8 million (Rs 1,271 crore) from $457 mn (Rs 2,666 crore) in June last year. In volume, imports fell from 579 tonnes last June to 323 tonnes. During the period, international silver prices fell 5.7 per cent, from an average of $21.12 an ounce in June 2013 to $19.91/oz this June. “Silver imports fell sharply in June due to overall weak sen- timent in jewellery markets. Also, the manufacturing sector, which constitutes around two-third of consumption, is fac- ing a slowdown, resulting in lower demand,” said Suresh Hundia, managing director of Hundia Exports, one of the largest importers of silver. MCX SILVERM August contract was trading at Rs 45226 up Rs 269, or 0.60 percent. The SILVERM rate touched an intra- day high of Rs 45277 and an intraday low of Rs 44960. So far 8290 contracts have been traded. SILVERM prices have moved down Rs 1880, or 3.99 percent in the August series so far. MCX SILVERM November contract was trading at Rs 46082 up Rs 311, or 0.68 percent. The SILVERM rate touched an intraday high of Rs 46085 and an intraday low of Rs 45811. So far 266 contracts have been traded. SILVERM prices have moved down Rs 4114, or 8.20 percent in the November MCX GOLDPETAL July contract was trading at Rs 2868 up Rs 5, or 0.17 percent. The GOLDPETAL rate touched an intra- day high of Rs 2870 and an intraday low of Rs 2860. So far 1935 contracts have been traded. GOLDPETAL prices have moved down Rs 110, or 3.69 percent in the July series so far. MCX GOLDPETAL August contract was trading at Rs 2842 up Rs 10, or 0.35 percent. The GOLDPETAL rate touched an intraday high of Rs 2843 and an intraday low of Rs 2832. So far 891 contracts have been traded. GOLD- PETAL prices have moved down Rs 258, or 8.32 percent in the August :
  5. 5. DAILY REPORT 22nd 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 5490 TGTS 5520,5570 SL 5440 SELL GUARSEED AUG BELOW 5400 TGTS 5370,5320 SL 5450 NCDEX NCDEX INDICES Index Value % Change Castor Seed 4088 -1.59 Chana 2883 -0.24 Coriander 11932 -0.23 Cotton Seed Oilcake 1688 -0.06 Guarseed 5425 -1.90 Jeera 11520 -1.58 Mustard seed 3654 +0.91 Soy Bean 3828 +2.05 Sugar M Grade 3060 +0.29 Turmeric 6596 +0.27 NCDEX ROUNDUP Cardamom prices moved down by 0.40% to Rs 927.50 per kg in futures trade yesterday as speculators reduced posi- tions amid a weak trend at spot market on subdued de- mand coupled with adequate stocks in the physical market. At the MCX, cardamom for delivery in August fell by Rs 3.70, or 0.40%, to Rs 927.50 per kg in a business turnover of 114 lots. Likewise, the spice for delivery in September shed Rs 1.40, or 0.15%, to Rs 908.20 per kg in six lots. Offloading of positions by speculators on the back of subdued demand in the spot markets against adequate stocks position led to the fall in cardamom prices at futures trade. Crude palm oil prices fell 0.31% to Rs 513.40 per 10 kg in futures trade yesterday as speculators booked profits amid a weak trend in spot markets on falling demand. Further, adequate stocks in the physical market on increased sup- plies from producing belts also put pressure on the prices. At MCX, crude palm oil for delivery in far-month September eased by Rs 1.60, or 0.31%, to Rs 513.40 per 10 kg in a busi- ness turnover of 29 lots. Likewise, the oil for delivery in Au- gust shed Rs 1.10, or 0.21%, to Rs 520.30 per 10 kg in 150 lots. Besides profit-booking by speculators at current levels, fall in demand in the spot market against sufficient stocks, weighed on crude palm oil prices at futures trade.
  6. 6. DAILY REPORT 22nd JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 JPY/INR BUY JPY-INR ABOVE 59.65 TG 59.85,60.15 SL 59.35 SELL JPY-INR BELOW 59.45 TG 59.25,58.95 SL 59.75 USD/INR BUY USD-INR ABOVE 60.47 TG 60.67,60,97 SL 60,17 SELL USD-INR BELOW 60.24 TG 60.04,59.74 SL 60.54 CURRENCY ROUNDUP The Indian rupee today washed out its initial gains against the American currency and finished two paise down at over one-month low level of 60.30 on fag-end dollar demand from banks and importers. The rupee resumed higher at 60.25 per dollar as against the last weekend's level of 60.28 per dollar at the Interbank Foreign Exchange (Forex) Mar- ket. It firmed up further to 60.1650 per dollar on initial sell- ing of dollars by banks and exporters in view of persistent foreign capital inflows. However, it washed out its initial gains on fresh dollar demand from banks and importers on the back of higher dollar in overseas market and ended at 60.30 per dollar, showing a loss of two paise or 0.03 per cent from its close on Friday. It moved in a range of 60.1650 per dollar and 60.3250 per dollar during the day.The rupee had dipped 10 paise on last Friday and 6 paise on Thursday. On Wednesday, it had closed flat at 60.12. Today's closing of 60.30 is the lowest since the rupee ended at 60.39 on June 18. The pound edged lower against the dollar on Monday as concerns over escalating tensions between Russia and the West weighed on market sentiment, underpinning safe ha- ven demand. GBP/USD touched lows of 1.7070 and was last at 1.7083. Cable was likely to find support at around the 1.70 level and resistance at 1.7150. Tensions between the West and Russia have mounted since the shooting down of a Malaysian airliner in eastern Ukraine late last week. The U.S. and other nations have accused Russia of complicity in the crash, which Moscow has denied. Market sentiment deteriorated on Monday following reports that Ukrainian troops were moving in to the rebel held city of Donetsk, fuelling fears over an escalation in the region. The benchmark six-month premium payable in December eased to 224.5-226.5 paise from 225.5-227.5 paise previ- ously. Far-forward contracts maturing in June, 2015 also softened to 469-471 paise from 469.5-471.5 paise. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 60.1853 Yen-100 59.4500 Euro 81.4821 GBP 102.8687
  7. 7. DAILY REPORT 22nd 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 21/07/14 MCX GOLD AUG. BUY 28260 28340-28440 28160 NOT EXECUTED 21/07/14 MCX GOLD AUG. SELL 28050 27970-27870 28150 BOOKED PFOFIT 21/07/14 MCX SILVER SEP. BUY 45600 45800-46100 45300 NOT EXECUTED 21/07/14 MCX SILVER SEP. SELL 45250 45050-44750 45550 BOOKED PROFIT 21/07/14 NCDEX GUARSEED AUG. BUY 5590 5620-5670 5540 SL TRIGGERED 21/07/14 NCDEX GUARSEED AUG. SELL 5480 5450-5400 5530 BOOKED PROFIT 21/07/14 NCDEX DHANIYA AUG. BUY 12000 12030-12080 11950 BOOKED PROFIT 21/07/14 NCDEX DHANIYA AUG. SELL 11850 11820-11700 11900 NOT EXECUTED 21/07/14 USD/INR JULY BUY 60.59 60.74-60.89 60.39 NOT EXECUTED 21/07/14 USD/INR JULY SELL 60.29 60.14-59.99 60.49 NO PROFIT NO LOSS 21/07/14 EUR/INR JULY SELL 81.58 81.43-81.28 81.78 BOOKED PROFIT 21/07/14 EUR/INR JULY BUY 81.8 82.03-82.18 81.68 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 21/07/14 NIFTY FUTURE BUY 7700 7750-7800 7650 CALL OPEN 21/07/14 PETRONET FUTURE BUY 185-186 190-195 180 CALL OPEN 21/07/14 KTK BANK FUTURE BUY 135-137 140-145 130 CALL OPEN 21/07/14 RAYMOND CASH BUY 468 476-484 460 SL TRIGGERED 18/07/14 NIFTY FUTURE BUY 7680 7730-7780 7630 BOOKED PROFIT 18/07/14 IRBINFRA FUTURE BUY 276-277 281-286 271 NOT EXECUTED 18/07/14 VOLTAS FUTURE BUY 213-214 219-224 208 NOT EXECUTED 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
  8. 8. DAILY REPORT 22nd 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 21 8:30 AM CHICAGO FED NATIONAL ACTIVITY IN- DEX JUNE -- 0.18 TUESDAY, JULY 22 8:30 AM CONSUMER PRICE INDEX JUNE 0.3% 0.4% 8:30 AM CORE CPI JUNE 0.2% 0.3% 10 AM EXISTING HOME SALES JUNE 4.97 MLN 4.89 MLN 10 AM FHFA HOUSE PRICE INDEX MAY -- 5.9% YOY WEDNESDAY, JULY 23 NONE SCHEDULED THURSDAY, JULY 24 8:30 AM WEEKLY JOBLESS CLAIMS 7-19 N/A N/A 9:45 AM MARKIT FLASH PMI JULY -- 57.3 10 AM NEW HOME SALES JUNE 478,000 504,000 FRIDAY, JULY 25 8:30 AM DURABLE GOODS ORDERS JUNE 0.3% -0.9%