Stock market special report by epic research 22th august 2014


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Epic Research provide specialized nifty future tips to nifty futures intraday 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 22th august 2014

  1. 1. DAILY REPORT 22nd AUGUST 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Asia markets had been soured after the HSBC/Markit Flash China Manufacturing PMI fell to 50.3 in August from July's 18-month high of 51.7, badly missing a Reuters forecast of 51.5. Investors reacted by selling the Australian dollar, of- ten a used as a liquid proxy for bets on China, while the CSI300 of the leading Shanghai and Shenzhen A-share list- ings shed 0.9%. Tokyo's Topix ended up 0.9%, as did the Nikkei. European stocks ended higher on Thursday, extending their sharp two-week rebound after better-than-expected Ger- man private sector growth figures which reassured inves- tors about the outlook for Europe's biggest economy fol- lowing a soft patch. The FTSEurofirst 300 index of top Euro- pean shares ended 0.7 percent higher at 1,355.09 points, reaching a level not seen since late July. Wall Street U.S. stocks ended higher on Thursday, with the S&P 500 at a record after a flurry of positive economic data, as inves- tors hoped for signs from an annual meeting of central bankers that interest-rate hikes are not imminent. The Dow Jones industrial average rose 60.36 points, or 0.36 percent, to 17,039.49. The S&P 500 gained 5.86 points, or 0.29 per- cent, to end at 1,992.37. The Nasdaq Composite added 5.62 points, or 0.12 percent, to 4,532.10. Previous day Roundup Markets ended marginally higher on Thursday led by gains in bank shares after Finance Minister Arun Jaitley said that the government was working towards bringing in more professionalism in the functioning of banks and improving risk management, amid the backdrop of the recent scams in some public sector banks. Further, steel shares came under pressure after the government hiked royalty on iron and bauxite. The 30-share Sensex ended higher by 46 points at 26,360 and the 50-share Nifty gained 16 points at 7,891. The broader markets outperformed the benchmark indices- BSE Midcap and Smallcap indices gained between 0.3-0.5%. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [333.41pts], Capital Goods [up 96.55pts], PSU [up 55.37pts], FMCG [up 14.25pts], Auto [down 133.56pts], Healthcare [up 33.78pts], IT [down 12.49Pts], Metals [down 175.65pts], TECK [down 10.05pts], Oil& Gas [up 56.71pts], Power [down 21.23pts], Realty [down 35.77 pts]. World Indices Index Value % Change D J l 17039.49 +0.36 S&P 500 1992.37 +0.29 NASDAQ 4532.11 +0.12 EURO STO 3124.56 +1.33 FTSE 100 6777.66 +0.33 Nikkei 225 15585.35 -0.01 Hong Kong 25054.16 +0.24 Top Gainers Company CMP Change % Chg PNB 970.80 40.95 4.40 BAJAJ-AUTO 2,271.00 72.20 3.28 BPCL 686.65 19.65 2.95 BANKBARODA 903.00 22.70 2.58 SBIN 2,471.00 56.25 2.33 Top Losers Company CMP Change % Chg MCDOWELL-N 2,387.00 68.55 -2.79 DLF 196.20 5.10 -2.53 NTPC 142.10 3.20 -2.20 JINDALSTEL 290.95 6.25 -2.10 SSLT 289.90 5.00 -1.73 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg ARVIND 252.15 +0.35 +0.14 AUROPHARMA 810.00 14.20 +1.78 BPCL 686.65 19.65 +2.95 CIPLA 492.1 -0.25 -0.05 KOTAK BANK 1017.40 17.40 +1.74 Indian Indices Company CMP Change % Chg NIFTY 7891.10 +15.80 +0.20 SENSEX 26360.11 +45.82 +0.17 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg
  2. 2. DAILY REPORT 22nd AUGUST 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. UNION BANK FUTURE UNION BANK FUTURE is looking bullish on charts, long build up has been seen. We advise you to buy it above 221 for the targets of 229, 238 with the Stop loss of 208 2. IOC FUTURE IOC Future has given breakout with volume, so seems to be bullish tomorrow, so we recommend to buy it above 372 for the targets of 378– 384 with the SL of 362 EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. GITANJALI GITANJALI above 200 day SMA. We advise buying around 74.25 level with strict stop loss 72.75 for the targets of 75.75-77.25 MACRO NEWS India foreign exchange reserves and banking credit data to be released by the central bank at 5 p.m. (1130 GMT). RBI has pegged FY15 GDP growth at 5-6 percent with cen- tral estimate at 5.5 percent. The Central Bank also expects inflation to continue on the glide path of 8 percent for FY15. However, it sees upside risks to its 6 percent retail inflation target for 2016. RBI prescribed tighter norms for non-banking financial companies to lend against shares. Move is aimed at tack- ling volatility in the capital market due to offloading of shares by NBFCs. For loans against shares, financial com- panies will have to maintain loan-to-value ratio of 50% India's exports are expected to reach USD 750bn by 2018- 19 with improvement in the global trade scenario, apex exporters body FIEO said today. Global commerce is showing improvement and it is expected to grow at 4.7 per cent this year and 5.3 percent in 2015. The Union cabinet's decision to raise the royalty on miner- als is expected to enrich the Odisha government's coffers by Rs 2,000 crore annually. The increase, especially on iron ore, fulfils an old demand from here. Odisha is the top ore producing state.
  3. 3. DAILY REPORT 22nd AUGUST 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 7,900 46.2 5,55,460 41,73,600 NIFTY PE 7,800 16.65 5,38,416 73,20,100 NIFTY PE 7,700 7.1 2,55,084 76,04,800 BANKNIFTY PE 15,000 13.9 34,030 5,00,825 SBIN PE 2,400 9.7 8,869 3,77,750 SBIN PE 2,450 22.6 4,413 1,16,000 MCDOWELL-N PE 2,400 42 3,277 1,23,500 RELIANCE PE 1,000 12.15 2,371 6,36,500 MOST ACTIVE CALL OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 8,000 16 6,51,884 92,28,900 NIFTY CE 7,900 50.6 5,97,143 55,88,650 NIFTY CE 8,100 3.7 1,93,690 38,56,700 BANKNIFTY CE 15,700 146.45 39,498 1,68,600 SBIN CE 2,450 50.15 10,668 4,79,250 RELIANCE CE 1,000 10.5 4,542 10,18,750 IDFC CE 150 2.1 2,716 27,50,000 TCS CE 2,500 10.4 2,471 3,80,500 FII DERIVATIVES STATISTICS BUY OPEN INTEREST AT THE END OF THE DAY SELL No. of Contracts Amount in Crores No. of Contracts Amount in Crores No. of Contracts Amount in Crores NET AMOUNT INDEX FUTURES 40201 1586.02 44209 1743.60 291485 11507.54 -157.58 INDEX OPTIONS 369061 14482.02 355924 13967.15 1715829 67676.85 514.87 STOCK FUTURES 94428 3477.11 74937 2802.50 1387145 50746.99 674.61 STOCK OPTIONS 68823 2584.40 69683 2622.80 83732 3128.56 -38.40 TOTAL 993.5 INDICES R2 R1 PIVOT S1 S2 NIFTY 7,952.60 7,921.85 7,888.90 7,858.15 7,825.20 BANK NIFTY 15,812.77 15,644.13 15,553.32 15,384.68 15,293.87 STOCKS IN NEWS Cairn gets environment clearance to hike output from Rajasthan block. Axis bank's board approved raising funds through pri- vate placement. MRF buys Leyland's Chennai property for Rs 210cr SpiceJet -Board approves increase in authorised share capital to Rs 1,500 crore from Rs 1,000 crore SJVN, NEEPCO, THDCIL oppose plan to merge with NHPC NIFTY FUTURE Nifty Future closed flate in the last trading session. Mar- ket is range bound . We advise buying above 7940 tgt 7990-8040 SL 7890
  4. 4. DAILY REPORT 22nd AUGUST 2014 YOUR MINTVISORY Call us at +91-731-6642300 COMMODITY MCX RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER SEP ABOVE 42190 TGTS 42390,42690 SL 41900 SELL SILVER SEP BELOW 41900 TGTS 41700,41400 SL 42200 GOLD TRADING STRATEGY: BUY GOLD OCT ABOVE 27870 TGTS 27950,28050 SL 27780 SELL GOLD OCT BELOW 27700 TGTS 27620,27520 SL 27800 COMMODITY ROUNDUP Gold declined in early Thursday trade at Zaveri Bazaar here, following a trend in markets abroad as the yellow metal went down on an indication of a strengthening American economy. The US Federal Reserve released the minutes of its meeting on Wednesday, which showed a modest growth in the United States’ economy. This restored investors’ con- fidence towards other asset classes, including the dollar. As gold has a 'safe haven’ status, it has an inverse relation with such trends. Its price declined one per cent or Rs 280 per 10g in spot trade at Zaveri Bazaar to close at Rs 28,050 per 10g. lowest price in last 7 weeks. Price was down 2.6 per cent in last 7 trading days. Spot premiums have become nil, sometimes negative, over recent months. Silver prices fell by Rs 211 to Rs 42,130 per kg as specula- tors engaged in reducing positions largely in tune with a weakening trend overseas. At MCX silver for delivery in Sep- tember traded lower by Rs 211, or 0.50%, to Rs 42,130 per kg in a business turnover of 331 lots. Similarly, the white metal for delivery in far-month Dec. declined by Rs 181, or 0.42%, to Rs 42,897 per kg in a business volume of 35 lots. In the international market, silver fell 0.41% to USD 19.37 an ounce in Singapore. A subdued trend in the global mar- kets as minutes of the Federal Reserve's last meeting sig- nalled that policy makers may increase borrowing costs ear- lier than expected amid strengthening dollar, reducing ap- peal of precious metals, put pressure on silver futures here. Copper futures fell 0.35% to Rs 432.45 per kg yesterday as speculators trimmed positions amid a weak trend in global markets. At MCX, copper for delivery in November declined by Rs 1.50, or 0.35%, to Rs 432.45 per kg in a business turn- over of eight lots. The metal for delivery in August fell by Rs 1.25, or 0.29%, to Rs 423.80 per kg in a business volume of 161 lots A weakening trend in base metals at LME on worse-than-expected manufacturing data from China, the biggest consumer, mainly put pressure on copper prices at futures trade here. Globally, copper for delivery in three-months traded 0.2% lower at $6,995 per tonne at the LME. Lead fell 0.33% to Rs 136.65 per kg in futures trade today after participants reduced exposures amid a weak trend overseas and sluggish domestic demand. At MCX lead for delivery in September shed 45 paise, or 0.33%, to Rs 136.65 per kg in a business turnover of 45 lots.
  5. 5. DAILY REPORT 22nd AUGUST 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS DHANIYA BUY DHANIYA SEP ABOVE 12030 TGTS 12060,12110 SL 11980 SELL DHANIYA SEP BELOW 10910 TGTS 10880,10830 SL 10960 GUARGUM BUY GUARGUM OCT ABOVE 18300 TGTS 18350,18450 SL 18210 SELL GUARGUM OCT BELOW 17915 TGTS 17885,17835 SL 17965 NCDEX NCDEX INDICES Index Value % Change Castor Seed 4255 +1.00 Chana 2931 -1.31 Coriander 11927 -0.38 Cotton Seed Oilcake 1825 -0.54 Guarseed 6440 +2.03 Jeera 11265 -0.40 Mustard seed 3444 +0.53 Soy Bean 3411 +0.71 Sugar M Grade 3037 -0.56 Turmeric 6684 +1.52 NCDEX ROUNDUP The WTO has not accepted the view of the Indian govern- ment on the raw sugar export subsidy whereby it had stated that the export subsidy is aimed at cane millers and farmers and not exporters. According to members of the WTO who have raised the objection on the scheme, such subsidies directly or indirectly benefit the exporters as it helps them in paying their dues owed to the farmers. Cardamom prices were down by 0.33% to Rs 952.50 per kg in futures trading yesterday after speculators booked profits at prevailing higher levels amid slackened demand in the spot market. Besides, adequate stocks in the physical mar- ket following increased arrivals from producing belts put pressure on cardamom prices. At MCX cardamom for deliv- ery in far-month October declined by Rs 3.20, or 0.33%, to Rs 952.50 per kg in a business turnover of five lots. In a simi- lar fashion, the spice for delivery in September shed Rs 2.80, or 0.29%, to Rs 966.40 per kg in 134 lots. Attributed the fall in cardamom futures to profit-booking by speculators at existing levels and fall in demand in the spot market. Cardamom prices were down by 0.33% to Rs 952.50 per kg in futures trading yesterday after speculators booked profits at prevailing higher levels amid slackened demand in the spot market. Besides, adequate stocks in the physical mar- ket following increased arrivals from producing belts put pressure on cardamom prices. At MCX cardamom for deliv- ery in far-month October declined by Rs 3.20, or 0.33%, to Rs 952.50 per kg in a business turnover of five lots. .
  6. 6. DAILY REPORT 22nd AUGUST 2014 YOUR MINTVISORY Call us at +91-731-6642300 USD/INR BUY USD-INR ABOVE @60.82 TGT 61.02,61.32 SL 60.55 SELL USD-INR BELOW @60.40 TGT 60.20 ,59.90 SL 60.67 GBP/INR BUY GBP-INR ABOVE @101 TGT 101.20,101.50 SL 100.73 SELL GBP-INR BELOW @100.40 TGT 100.20,100 SL 100.67 CURRENCY ROUNDUP The Indian rupee weakened slightly on Thursday, snapping a three-day rising streak, as the dollar rallied broadly after minutes from the Federal Reserve July meeting suggested potentially earlier-than-expected rate hikes. The U.S. dollar traded at 11-month highs against a basket of major currencies after the Fed's minutes suggested any strong jobs market recovery could lead it to raise interest rates earlier than it had been anticipating. However senti- ment remains broadly supported on strong foreign buying in Indian markets, especially in debt. Foreign banks bought debt worth $2.44 billion on Wednesday, their highest since at least August 2009, clearing house data showed. Foreign funds have purchased $26.4 billion in debt and equities combined so far in 2014. The partially convertible rupee closed at 60.67/68 per dollar compared with 60.61/62 in the previous session. Some reassuring data from Germany eased pressure on the struggling euro on Thursday after speculation of an earlier rate rise from the Federal Reserve had pushed the dollar to an 11-month high. The dollar hovered just below its 2014 peak against a basket of major currencies early on Friday, with bulls turning cau- tious ahead of a speech by Federal Reserve Chair Janet Yellen. Brent was trading below $103 a barrel on Friday, heading for a second weekly loss as easing geopolitical risks and higher global oil supply pressured prices. U.S. Treasur- ies drifted higher on Thursday, showing little reaction to stronger-than-expected economic data while investors held out for any developments from the annual central banker get-together in Jackson Hole, Wyoming. RBI said on Thursday it accepted all 39 bids for 161.73 bil- lion rupees at its one-day repo auction, through which it injects liquidity into the banking system. Indian banks' refi- nancing with RBI rises to 246.94 billion rupees. Indian banks' cash balances with RBI rise to 3.26 trln rupees. RBI Reference Rate Currency Rate Currency Rate Rupee- $ 60.7670 Yen-100 58.5300 Euro 80.5590 GBP 100.7213
  7. 7. DAILY REPORT 22nd AUGUST 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 21/08/14 MCX GOLD OCT. BUY 28280 28360-28460 28200 NOT EXECUTED 21/08/14 MCX GOLD OCT. SELL 28150 28070-27970 28240 BOOKED FULL PROFIT 21/08/14 MCX SILVER SEP. BUY 42480 42680-42980 42180 NOT EXECUTED 21/08/14 MCX SILVER SEP. SELL 42200 42000-41700 42500 BOOKED PROFIT 21/08/14 NCDEX GUARGUM OCT. BUY 17710 17740-17840 17620 BOOKED FULL PROFIT 21/08/14 NCDEX GUARGUM OCT. SELL 17500 17450-17350 17590 NOT EXECUTED 21/08/14 NCDEX DHANIYA AUG. BUY 12050 12080-12130 12000 SL TRIGGERED 21/08/14 NCDEX DHANIYA AUG. SELL 11910 11880-11830 11960 SL TRIGGERED 21/08/14 USD/INR AUG. BUY 60.90 61.1-61.5 60.65 NOT EXECUTED 21/08/14 USD/INR AUG. SELL 60.50 60.30-60.00 60.80 NOT EXECUTED 21/08/14 EUR/INR AUG. SELL 80.40 80.20-80.00 80.10 SL TRIGGERED 21/08/14 EUR/INR AUG. BUY 80.80 81.00-81.30 80.50 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 21/08/14 NIFTY FUTURE BUY 7925 7975-8025 7875 CALL OPEN 21/08/14 SUNPHARMA FUTURE BUY 851-852 857-862 846 BOOKED FULL PROFIT 21/08/14 BIOCON FUTURE BUY 485 490-495 480 NOT EXECUTED 21/08/14 SONATA SOFT CASH BUY 93.1 95.1-97.1 91.1 BOOKED FULL PROFIT 19/08/14 NIFTY FUTURE BUY 7890 7940-7990 7840 BOOKED PROFIT
  8. 8. DAILY REPORT 22nd AUGUST 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, AUG. 18 10 AM HOME BUILDERS' INDEX AUG. -- 53 TUESDAY, AUG. 19 8:30 AM CONSUMER PRICE INDEX JULY 0.1% 0.3% 8:30 AM CORE CPI JULY 0.2% 0.1% 8:30 AM HOUSING STARTS JULY 979,000 893,000 WEDNESDAY, AUG. 20 2 PM FOMC MINUTES 7/29-30 THURSDAY, AUG. 21 8:30 AM WEEKLY JOBLESS CLAIMS AUG. 16 -- N/A 9:45 AM MARKIT FLASH PMI AUG. -- 55.8 10 AM PHILLY FED AUG. -- 23.9 10 AM EXISTING HOME SALES JULY 5.02 MLN 5.04 MLN 10 AM LEADING INDICATORS JULY -- 0.3% FRIDAY, AUG. 22 NON SCHEDULED