Stock market special report by epic research 22th may 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 22th may 2014

  1. 1. DAILY REPORT 22nd MAY 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Asian shares and the Australian dollar rose on Thursday after an upbeat reading on China's factory sector blunted some of the more pessimistic views on the world's second- biggest economy, supporting risk appetite already bur- nished by a strong session on Wall Street. European shares finished higher on Wednesday. The pan- European FTSEurofirst 300 ended 0.6 percent higher at 1,364.76 points, just below last week's six-year peak. The index was helped by companies like Maersk and Ger- many's top utilities E.ON and RWE. Wall Street Update US stocks rose on Wednesday, rebounding from the previ- ous day's broad selloff, after minutes of the Federal Re- serve's last meeting showed central bankers have dis- cussed the eventual tightening of monetary policy but made no decisions on which tools to use. The Dow Jones industrial average rose 1 percent, its biggest daily percent- age jump since mid-April. Goldman Sachs was the top gainer on the blue chip index, up 1.9% at USD 159.35. The Dow Jones industrial average rose 158.75 points or 0.97 percent, to 16,533.06, the S&P 500 gained 15.2 points or 0.81 percent, to 1,888.03 and the Nasdaq Composite added 34.65 points or 0.85 percent, to 4,131.54 Previous day Roundup Equity benchmarks snapped four-day winning streak on Wednesday weighed down by profit booking in banks and capital goods stocks. However, technology stocks bucked the trend, continuing thier upmove for the second con- secutive session. Globally, investors remained cautious ahead of minutes of April policy meeting of the US Federal Reserve. The Sensex was down 78.86 points to close at 24298.02 and the Nifty fell 22.60 points to 7252.90 but the broader markets remained strong. The BSE Midcap Index gained 1.34 percent and Smallcap rallied 1.84 percent. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 32.88pts], Capital Goods [down 238.51pts], PSU [up 11.68pts], FMCG [up 42.96pts], Realty [up 34.13pts], Power [up 3.93pts], Auto [up 71.31pts], Healthcare [down 35.42pts], IT [up 66.03pts], Metals [up 32.64pts], TECK [up 21.19pts], Oil& Gas [down 29.52pts]. World Indices Index Value % Change D J l 16533.06 +0.97 S&P 500 1888.03 +0.81 NASDAQ 4131.54 +0.85 EURO STO 3187.08 +0.73 FTSE 100 6821.04 +0.28 Nikkei 225 14251.11 +1.49 Hong Kong 23031.15 +0.85 Top Gainers Company CMP Change % Chg DLF 194.65 10.25 +5.56 BAJAJ-AUTO 1962.00 95.60 +5.12 MCDOWELL-N 2761.00 131.2 +4.99 ASIANPAINT 548.90 20.00 +3.78 NTPC 146.3 4.05 +2.85 Top Losers Company CMP Change % Chg ULTRACEMCO 2262.3 83.5 -3.56 BHARTIARTL 269.30 10.55 -3.04 GRASIM 2945.00 87.6 -2.89 SBIN 2463.00 63.05 -2.50 ACC 1389.00 33.00 -2.32 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg ADANI POWER 62.40 2.25 +3.74 BHARAT FORG 489.20 16.85 +3.57 ESSAR OIL 88.90 11.35 +14.64 HINDALCO 160.25 4.05 +2.59 IRB 207.75 33.80 +19.81 Indian Indices Company CMP Change % Chg NIFTY 7252.9 -22.60 -0.31 SENSEX 24298.02 -78.86 -0.32 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg
  2. 2. DAILY REPORT 22nd MAY 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. IBREAL ECTATE [FUTURE] IBREAL ESTATE FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sus- tains above 90 levels. We advise buying around 90-91 levels with strict stop loss 88 for the targets of 93-95 levels. 2. VOLTAS [FUTURE] VOLTAS FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it sustains below 190 levels. We advise selling around 190-192 levels with strict stop loss 195 for the targets of 186-182 levels. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. NAV BHARAT VENTURES NAV BHARAT VENTURES is looking strong on charts. We ad- vise buying around 220-225 levels with strict stop loss of 200 for the targets of 240-250 levels. MACRO NEWS Zee Entertainment Enterprises Ltd reported a 21.14 per cent increase in consolidated net profit at Rs 217.58 crore for the fourth quarter ended March 31, 2014. The com- pany had reported consolidated net profit of Rs 179.6 crore in the same period of the previous fiscal. ACCI yesterday expressed strong objection to non-optimal use of the state's own hydro power stations by the power department, purchasing power from outside at the cost of the state exchequer and passing the cost to its consum- ers. The Supreme Court yesterday asked the Andhra Pradesh High Court, which had passed an interim order staying the USD 4 billion merger of Ranbaxy with Sun Pharma, to de- cide the issue within two days. Essar oil reported five-fold growth in net profit at Rs 1,008 crore in the quarter ended January-March, driven by higher forex gain, better operational performance and lower finance cost. The Reserve Bank on Wednesday allowed banks to pro- vide loans with tenures of up to 10 years to exporters to help them ensure capital flows to fulfil long-term con- tracts. Existing norms allow banks to give loans for up to one year only.
  3. 3. DAILY REPORT 22nd MAY 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 7,200 37.95 3,02,642 37,64,250 NIFTY PE 7,100 15.05 2,17,270 36,27,150 NIFTY PE 7,300 81.95 2,12,423 26,59,750 BANKNIFTY PE 14,500 61 20,908 2,56,450 MCDOWELL-N PE 2,700 10 6,896 4,95,000 SBIN PE 2,500 75.05 2,963 2,04,500 RELIANCE PE 1,080 20.5 2,235 1,84,250 DLF PE 180 2.75 1,999 12,58,000 MOST ACTIVE CALL OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 7,300 59.7 3,41,969 41,28,750 NIFTY CE 7,400 28.1 3,17,383 59,85,650 NIFTY CE 7,500 12.7 2,52,885 61,22,200 BANKNIFTY CE 15,500 69 22,146 2,79,100 MCDOWELL-N CE 2,800 27 19,793 12,83,500 RELAINCE CE 1,100 15.5 6,869 15,23,500 SBIN CE 2,600 20 5,107 3,40,500 IFCI CE 35 3.05 3,940 45,60,000 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 79231 2898.75 72045 2634.06 497407 18182.32 264.69 INDEX OPTIONS 370643 13536.57 329225 12056.39 2499989 90812.03 1480.18 STOCK FUTURES 140317 5095.59 172891 6201.87 1406256 49140.41 -1106.28 STOCK OPTIONS 53080 1942.70 54666 1992.22 115194 4180.06 -49.52 TOTAL 589.07 INDICES R2 R1 PIVOT S1 S2 NIFTY 7,329.37 7,291.13 7,248.92 7,210.68 7,168.47 BANK NIFTY 15,247.83 15,099.97 14,978.73 14,830.87 14,709.63 STOCKS IN NEWS Results Today: Ashok Leyland , Cummins India , IRB Infrastructure , Motherson Sumi , PC Jeweller , Sobha Developer , Emkay Global , GSPL , Jain Irrigation , JK Lakshmi Cement , Novartis , Ramco Systems , Suven Life Coal India sacks 126 employees in Odisha . Jaypee Group plans Rs.2,000 cr investment in hospi- tals . M&M to stop production for 3days in this month. NIFTY FUTURE Nifty Future closed in the green in the last trading ses- sion. We advise selling around 7300 levels with strict stop loss of 7350 for the targets of 7250-7200 levels.
  4. 4. DAILY REPORT 22nd MAY 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER ABOVE 41150 TGT 41350,41650 SL BELOW 40850 SELL SILVER BELOW 40700 TGT 40500,40200 SL ABOVE 41000 GOLD TRADING STRATEGY: BUY GOLD ABOVE 27520 TGT 27600,27700 SL BELOW 27420 SELL GOLD BELOW 27350 TGT 27270,27170 SL ABOVE 27450 COMMODITY ROUNDUP MCX Gold futures slipped as the COMEX gold futures re- verted to losses ahead of the release the minutes of FOMC meeting in April. Failure of the metal to hold above $1300 per ounce levels in a convincing manner is hurting the senti- ments. The global prices dropped yesterday on worries over Indian demand and the persistent strength in the US dollar. Gold demand in India fell by a fourth to 190.3 tonnes in the quarter to March due to the curbs and have sent local pre- miums to record highs, WGC said in its quarterly report on Tuesday. COMEX Gold currently trade at $1291.50 per ounce, down $3.10 per ounce on the day. MCX Gold is quot- ing at Rs 28147 per 10 grams, up Rs 39 per 10 grams on the day. Crude oil futures prices rose by 1.03 per cent to Rs 6,077 per barrel yesterday as speculators created positions amid a firm trend in Asia. At the Multi Commodity Exchange, crude oil for delivery in June gained Rs 62, or 1.03 per cent, to Rs 6,077 per barrel, with a business turnover of 4,700 lots. The rise in crude oil futures was largely in tandem with a firming trend in Asian trade as investors await the release of US Federal Reserve minutes from its April meeting, Mean- while, WTI crude prices for July delivery advanced by 57 cents to $102.90 a barrel on the New York Mercantile Ex- change. The June contract ended yesterday. Copper has started to show vulnerability against the rise and the prices have started to turn red in the evening trades on MCX. The benchmark metal is likely to see some more losses in the coming days on the back of fears of the growth declines in China. China reported a decline in the manufacturing numbers. Indian Copper has already seen losses of 12% in 2014. In May, consolidation is expected in the rest of the month. The prices however are unlikely to move beyond Rs 415 per kg for some time. On the lower side, Rs 400 is a supportive zone and it is more likely that the trend could be sideways. Lead futures prices yesterday rose by 0.44% to Rs 124.70 per kg as speculators enlarged positions mostly on the back of rising domestic spot demand from battery makers. At the Multi Commodity Exchange, lead for delivery in May traded 55 paise, or 0.44 per cent, higher at Rs 124.70 per kg, with a turnover of 284 lots, while the June contract was up by 45 paise, or 0.36 per cent, to Rs 125.90 per kg in a turnover of five lots. The rise in lead futures was mostly supported by rising demand from battery-makers in the spot markets. COMMODITY MCX
  5. 5. DAILY REPORT 22nd MAY 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS DHANIYA BUY DHANIYA JUN ABOVE 9430 TGTS 9460,9510 SL 9380 SELL DHANIYA JUN BELOW 9275 TGTS 9245,9195 SL 9325 GUARSEED BUY GUARSEED JUN ABOVE 5190 TGTS 5220,5270 SL 5140 SELL GUARSEED JUN BELOW 5130 TGTS 5100,5050 SL 5180 NCDEX NCDEX INDICES Index Value % Change Castor Seed 3899 -1.17 Chana 2901 -2.49 Coriander 9335 -2.47 Cotton Seed Oilcake 1550 +0.78 Jeera 11025 -2.09 Guarseed 5185 -0.67 Mustard seed 3439 -1.35 Soy Bean 4507 -0.51 Turmeric 6422 -2.52 NCDEX ROUNDUP Jeera tumbled for the second straight session as heavy long liquidation continued in the counter. The NCDEX Jeera June delivery ended the day at Rs 11,025, down Rs235 or 2.09%. Jeera soared recently as heavy buying continued to emerge amid steady sentiments and dropping arrivals in last few days.Jeera futures fell almost Rs500 from the recent high of 11,460 levels due to profit taking. The counter ended the day at Rs11,025, down Rs235 or 2.09% and the open inter- est pared 195 tonnes to 8,673 tonnes, indicating long liqui- dations. Chana remained weak for the third day in a row and prices shed 0.37 per cent to Rs 2,964 per quintal in futures market today as speculators offloaded positions, triggered by in- creased supplies from producing regions. At the NCDEX, chana for delivery in June fell by Rs 11, or 0.37 per cent to Rs 2,964 per quintal with an open interest of 1,46,750 lots. The July contract shed Rs 9, or 0.30 per cent to Rs 3,031 per quintal in 63,620 lots. During ongoing Rabi Marketing Season, the Government agencies have procured more than 263 lakh tonnes wheat across the states. As per data available from the fields till 21 May, 2014, total wheat procured during the season is 263, 85,171 tonnes while during the previous season, on the day, it was 246, 60,475 tonnes.
  6. 6. DAILY REPORT 22nd MAY 2014 YOUR MINTVISORY Call us at +91-731-6642300 JPY/INR SELL JPY- INR MAY BELOW 58.20 TG58.15,57,95 SL 58.40 BUY JPY -INR MAY ABOVE 58.44 TG 58.60,58,80 SL 58.24 EUR/INR SELL EUR -INR MAY BELOW 80.48 TG 80.33,80,13 SL 80.68 BUY EUR-INR MAY ABOVE 80.75 TG 80.90,81,10 SL 80,45 CURRENCY ROUNDUP The Indian rupee weakened for a second consecutive ses- sion on Wednesday, weighed down by large demand for dollars from importers and after foreign investors turned sellers of domestic shares for the first time in about a month. Foreign investors sold Indian cash shares worth a net 1.04 billion rupees ($17.8 million) on Tuesday. Although the sales were modest, it was their first sales since April 16. The rupee has gained around 2 percent so far this year. The partially convertible rupee closed at 58.7750/7850 per dol- lar versus 58.63/64 on Tuesday. Demand for dollars came mainly from importers as well as from state-owned banks, which dealers attributed to de- fence-related purchases. The rupee was also weighed down as shares edged lower on profit-taking, snapping a four- session winning streak. In the offshore non-deliverable for- wards, the one-month contract was at 59.08, while the three-month was at 59.71. The pound jumped to two-week highs against the dollar on Wednesday and hit 16-month peaks against the euro after data showed that U.K. retail sales surged in April, while the minutes of the Bank of England's May meeting indicated that policymakers are becoming more hawkish. GBP/USD hit 1.6921, the highest since May 9 and was last up 0.42% to 1.6908. EUR/GBP fell 0.31% to 0.8103, the lowest level since Janu- ary 2013 and was last down 0.32% to 0.8109. The euro re- mained under pressure from mounting expectations for monetary easing by the European Central Bank at its next meeting in June and data last week showing that the euro zone economy grew at a slower than forecast rate in Q1. The Reserve Bank of India on Wednesday said it accepted all 19 bids for 95.12 billion rupees ($1.62 billion) at its one-day repo auction, through which it injects liquidity into the banking system. Indian banks' refinancing with RBI falls to 298.22 billion rupees. Indian banks' cash balances with RBI fall to 3.26 trillion rupees. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 58.7725 Yen-100 58.0900 Euro 80.5684 GBP 99.0199
  7. 7. DAILY REPORT 22nd MAY 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 21/05/14 MCX GOLD JUNE BUY 28250 28330-28430 28130 SL TRIGGERED 21/05/14 MCX GOLD JUNE SELL 28120 28040-27940 28150 BOOKED PROFIT 21/05/14 MCX SILVER JULY BUY 41150 41350-41650 40850 BOOKED PROFIT 21/05/14 MCX SILVER JULY SELL 40700 40500-40200 41000 NOT EXECUTED 21/05/14 NCDEX GUARSEED JUNE BUY 5270 5300-5400 5220 SL TRIGGERED 21/05/14 NCDEX GUARSEED JUNE SELL 5210 5180-5130 5260 BOOKED FULL PROFIT 21/05/14 NCDEX DHANIYA JUNE BUY 9685 9510-9460 9590 NOT EXECUTED 21/05/14 NCDEX DHANIYA JUNE SELL 9540 9510-9460 9590 BOOKED FULL PROFIT 21/05/14 JPY/INR MAY BUY 58.16 58.31-58.51 57.96 BOOKED PROFIT 21/05/14 JPY/INR MAY SELL 57.92 57.77-57.57 58.12 NOT EXECUTED 21/05/14 EUR/INR MAY SELL 80.40 80.25-80.05 80.60 NOT EXECUTED 21/05/14 EUR/INR MAY BUY 80.68 80.83-81.03 80.48 BOOKED PROFIT Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 21/05/14 NIFTY FUTURE SELL 7300 7250-7200 7350 BOOKED PROFIT 21/05/14 IDFC FUTURE BUY 135-140 145-150 128 CALL OPEN 21/05/14 ZEE LTD FUTURE BUY 290-292 298-304 284 SL TRIGGERED 21/05/14 BGR ENERGY CASH BUY 235-240 255-275 220 SL TRIGGERED 20/05/14 NIFTY FUTURE BUY 7340 7370-7420 7300 SL TRIGGERED
  8. 8. DAILY REPORT 22nd MAY 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, MAY 19 NONE SCHEDULED TUESDAY, MAY 20 NONE SCHEDULED WEDNESDAY, MAY 21 2 PM FOMC MINUTES THURSDAY, MAY 22 8:30 AM JOBLESS CLAIMS 5/17 N/A N/A 9:45 AM MARKET FLASH PMI APRIL -- 55.4 10 AM EXISTING HOME SALES APRIL 4.70 MLN 4.59 MLN 10 AM LEADING INDICATORS APRIL -- 0.8 FRIDAY, MAY 23 10 AM NEW HOME SALES APRIL 430,000 384,000