Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Stock market special report by epic research 24 march 2014


Published on

Get exclusive stock futures tips, intraday stock future tips on Indian derivatives market. Epic Research is a leading stock futures recommendation provider in indian market. Call- 07316642300

Published in: Economy & Finance
  • Be the first to comment

Stock market special report by epic research 24 march 2014

  1. 1. DAILY REPORT 24th MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance World markets steadied on Friday after a volatile week driven by speculation over shifts in U.S. monetary policy, with equities holding near break-even, the euro up slightly against the dollar and crude oil rising on fear of supply dis- ruptions over Crimea. European shares edged higher in choppy trading on Friday and recorded their biggest weekly gain in a month, helped by a rally in basic resources stocks and some positive tech- nical buying signals. Wall Street Update US stocks slipped on Friday, as investors booked profits in momentum names heading into the weekend, wiping out early gains that had pushed the S&P 500 to an intraday record high. The S&P 500 lost momentum after hitting an all-time intraday high of 1,883.97, with biotechs among the primary decliners. Biogen Idec Inc, down 8.2% at USD 318.53, and Gilead Sciences Inc, down 4.6% at USD 72.07, were the two biggest drags on the S&P 500. The Nasdaq biotech index fell 4.4%.. The Dow Jones industrial average fell 28.28 points or 0.17 % to 16,302.77. The S&P 500 slipped 5.49 pts or 0.29%, to 1,866.52. The Nasdaq Composite dropped 42.498 pts or 0.98%, to close at 4,276.788. Previous day Roundup The market saw consolidation again on Friday with the both equity benchmarks seeing a flat close. It was opened with a gap up of more than 100 points on the Sensex fol- lowing positive global cues, but that was short lived. Inves- tors were cautious ahead of March series expiry next week and RBI policy on April 1. The Sensex rose 13.66 points to close at 21753.75 while the Nifty advanced 10.10 points to 6493.20 after hovering around the 6500 level throughout the session. Index stats The Market was very volatile in yesterday’s session. The sartorial indices performed as follow Consumer Durables [up 43.07pts], Capital Goods [up 31.80pts], PSU [down 22.75pts], FMCG [up 30.20pts], Realty [up 25.04pts], Power [up 10.78pts], Auto [up 81.78pts], Healthcare [down 24.23 pts], IT [up 57.49pts], Metals [up 174.10pts], TECK [up 26.57pts], Oil& Gas [down 173.20pts]. World Indices Index Value % Change D J l 16,302.77 -0.17 S&P 500 1,866.52 -0.29 NASDAQ 4,276.79 -0.98 EURO STO 3,096.49 +0.25 FTSE 100 6,557.17 +0.23 Nikkei 225 14,224.23 -1.65 Hong Kong 21,436.70 +1.20 Top Gainers Company CMP Change % Chg HINDALCO 123.9 4.25 +3.55 TATASTEEL 362.1 12.15 +3.47 JPASSOCIAT 48.55 1.45 +3.08 BANKBARODA 659.1 +17.85 +2.78 WIPRO 567.15 14.80 +2.68 Top Losers Company CMP Change % Chg ONGC 308.1 7.70 -2.44 NMDC 128.95 3.20 -2.42 RELIANCE 884.6 21.40 -2.36 HEROMOTOCO 2,061.9 42.70 -2.03 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg APOLLOTYRE 144.20 6.75 +1.45 BATAINDIA 1106.00 2.55 -0.23 KIRIINDUS 73.30 3.45 +4.94 NRBBEARING 48.70 1.10 2.31 Indian Indices Company CMP Change % Chg NIFTY 6,493.20 10.10 +0.16 SENSEX 21,753.75 +13.66 +0.06 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg CASTROLIND 287.15 2.25 -0.78 ESSARPORTS 49.35 0.20 +0.41 - -
  2. 2. DAILY REPORT 24th MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. HINDPETRO HIND PETRO FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it sustains below 280 levels. We advise selling around 280-285 levels with strict stop loss 290 for the targets of 270-260 levels. 2. JSWSTEEL JSW STEEL FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 990 levels. We advise buying around 990-985 levels with strict stop loss 965 for the targets of 1005-1025 levels. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. TATA ELXSI TATA ELXSI is looking to take support from lows. We advise buying around 580-585 levels with strict stop loss of 560 for the targets of 600-625 levels. MACRO NEWS RBI sends bank licence applicant list to EC; IDFC, L&T Finance, LIC Housing top contenders. With the increase in foreign investment limit in Federal Bank to 74%, foreign investors will be allowed to pur- chase stake in the private bank, RBI said on Friday. Fed- eral Bank has removed from the ban list and the restric- tions placed on the purchase of shares have withdrawn with immediate effect, apex bank said. The Election Commission has asked the News Broad- casters Association to take action against Zee News based on a complaint filed by Congress member of Par- liament and chairman of Jindal Steel and Power. Govt. raises Rs 5,500cr from SUUTI stake sale in Axis Bank. Morgan Stanley sees RBI holding rates on April 1, CPI rising. Fitch Ratings on Friday affirmed US long-term foreign and local currency credit ratings at 'AAA' with a stable outlook, taking the country off negative ratings watch. MCX -SX -Extends rights issue subscription period till April 17.
  3. 3. DAILY REPORT 24th MARCH 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 6,500 32.3 36,365 49,15,100 NIFTY PE 6,400 8.2 34,868 67,08,000 NIFTY PE 6,300 2.65 18,665 49,18,050 BANKNIFTY PE 12,000 62 4,117 5,01,650 MCDOWELL-N PE 2,600 23 813 2,63,500 AXISBANK PE 1,350 12.3 716 5,30,500 INFY PE 3,300 29.45 346 2,02,625 TCS PE 2,100 13.4 346 2,10,375 MOST ACTIVE CALL OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 6,600 9.95 46,579 65,69,850 NIFTY CE 6,500 47.9 36,006 52,61,550 NIFTY CE 6,550 23.2 19,848 22,13,650 BANKNIFTY CE 12,500 13.45 3,802 3,53,900 MCDOWELL-N CE 2,800 45 1,561 1,65,125 AXISBANK CE 1,400 12.9 1,006 5,92,500 RELIANCE CE 900 7.75 826 12,04,500 SBIN CE 1,700 25 571 4,76,250 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 68969 2236.47 93817 3038.66 555709 17993.32 -802.19 INDEX OPTIONS 394406 12559.59 371820 11850.66 1714319 55405.50 708.93 STOCK FUTURES 143052 4831.55 162338 5414.60 1099690 35759.79 -583.05 STOCK OPTIONS 70206 2331.14 74001 2438.58 99551 3208.25 -107.44 TOTAL -783.75 INDICES S2 S1 PIVOT R1 R2 NIFTY 6463.4 6478.29 6500.6 6515.49 6537.79 NIFTYJUNIOR 12697.86 12728.43 12768.96 12799.53 12840.06 BANK NIFTY 12006.55 12049.45 12086.3 12129.2 12166.05 STOCKS IN NEWS IT major TCS ranked top employer in Europe for sec- ond consecutive year Tatas get another 4-month extension to operate Taj Mansingh Tesco confirms joint venture with Tata Group in India. IDBI Bank sells its entire 18.95 percent holding in Stock Holding Corporation of India to IFCI. Reliance Power : Reliance Infrastructure creates pledge on 18.7 crore shares in company. United Bank cuts base rate to 10.25 percent from 10.50 percent effective today. NIFTY FUTURE Nifty Future closed in the red in the last trading session. We advise selling around 6550-6540 levels with strict stop loss of 6580 for the targets of 6510-6450.
  4. 4. DAILY REPORT 24th MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER(MAY) ABOVE 45000 TGTS 45250/45600 SL 44650 SELL SILVER(MAY) BELOW 44500 TGTS 44250/43900 SL 45850 GOLD TRADING STRATEGY: BUY GOLD(APR) ABOVE 29850 TGTS 29930/30030 SL 29750 SELL GOLD(APR) BELOW 29600 TGTS 29520/29400 SL 29710 COMMODITY ROUNDUP MCX Crude oil futures recovered from their lows, after fal- ling well under Rs 6100 per barrel in intraday trades. Global crude oil prices eased in Asia on demand concerns and the extension of gains for the US dollar after Federal Reserve Chair Janet Yellen suggested rate hikes could come around the first half of 2015. However, prices rose in afternoon as European shares edged up after recent losses. WTI futures trade at $99.35, up 45 cents per barrel on the day. MCX Crude is at Rs 6096, up Rs 11 per barrel on the day with a massive 60 increase in the open interest. NYMEX crude oil prices had dropped near $98 per barrel last night before improving following gains in the US equi- ties amid a positive set of economic data. US crude oil stockpiles soared nearly 6 million barrels last week, as refin- ery utilization rates fell to the lowest levels in nearly a year, according to government data released on Wednesday. Crude stocks at the Cushing, Oklahoma, the pricing hub for WTI futures dropped 989,000 barrels as a TransCanada Corp pipeline continued to drain oil to the Gulf Coast, where stocks rose 4.7 million barrels to the highest level yet this year. Increasing pressure from cheaper Chinese primary steel im- ports could prompt domestic producers to slash product prices for April, say analysts and industry officials. A latest update from International Copper Study Group (ICSG) has shown that the world Copper markets were in production deficit of 193000 tonnes in the year 2013. The production deficit has shrinked by 27.4% from 266000 ton- nes in 2012. After making seasonal adjustment the produc- tion deficit was 337000 tonnes in 2013. Meanwhile for De- cember2013, Copper markets were in surplus of 34000 ton- nes. Taking into consideration seasonal adjustments the production deficit was 57000 tonnes. On MCX, Copper re- covered sharply and was last seen trading at Rs 404.2 per kg, up 1%. The prices have seen sudden jump in what can be called as a weekend bottom fishing rally. The prices were expected to test Rs 395 per kg before the bounce, but the recovery has been noted from intraday low levels of Rs 398.1 per kg. COMMODITY MCX
  5. 5. DAILY REPORT 24th MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS GUARSEED BUY GUARSEED APR ABOVE 4770 TGTS 4800,4850 SL 4720 SELL GUARSEED APR BELOW 4690 TGTS 4660,4590 SL 4740 DHANIYA BUY DHANIYA APR ABOVE 9050 TGTS 9080,9130 SL 9000 SELL DHANIYA APR BELOW 8820 TGTS 8790,8840 SL 8870 NCDEX NCDEX INDICES Index Value % Change Castor Seed 4202 +0.74 Chana 3243 -1.61 Coriander 9180 -1.21 Cotton Seed Oilcake 1530 -0.97 Jeera 10095 +1.56 Maize– Feed/Industrial Grade 1213 -0.74 Mustard seed 3406 -1.50 Soy Bean 4248 -1034 Turmeric 6454 +0.66 NCDEX ROUNDUP Potato prices edged higher by 1.39% to Rs 1,236 per quintal in futures market yesterday as speculators increased their positions supported by a firming trend at spot markets on rising demand. At MCX, potato for delivery in April surged by Rs 17, or 1.39%, to Rs 1,236 per quintal with a business turnover of 54 lots. Potato prices for delivery in March also jumped up by Rs 14.80, or 1.23%, to Rs 1,215 per quintal, with trading volume of 13 lots. Improved demand against restricted arrivals from producing regions mainly supported the upside in potato prices at futures trade. Coriander prices fell by 1.58% to Rs 9,329 per quintal in fu- tures trade yesterday as speculators booked profits at exist- ing higher levels amid fall in demand at spot markets. At the NCDEX, coriander prices for delivery in May fell by Rs 150, or 1.58%, to Rs 9,329 per quintal with open interest of 40,890 lots. The price for April delivery declined by Rs 138, or 1.49% to Rs 9,154 per quintal with open interest of 34,050 lots. Besides profit-booking by speculators at exist- ing higher levels, sluggish demand in the spot market led to the fall in coriander futures prices. Crude palm oil prices fell by 0.79% to Rs 589.30 per 10 kg in futures trading as speculators offloaded their positions due to subdued demand in the spot market against sufficient supplies. At MCX, crude palm oil for delivery in March fell by Rs 4.70, or 0.79%, to Rs 589.30 per 10 kg in business turn- over of 53 lots.
  6. 6. DAILY REPORT 24th MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 USD/INR SELL USD-INR BELOW 60.95 TGTS 60.81, 60.66 SL 61.23. BUY USD-INR ABOVE 61.49 TGTS 61.63, 61.78 SL 61.21. GBP/INR SELL GBP-INR BELOW 100.71 TGTS 100.57,100.42 SL 100.99. BUY GBP-INR ABOVE 101.18 TGTS 101.32,101.47 SL 100.90. CURRENCY ROUNDUP The Indian rupee rose the most in two weeks on Friday to gain 0.5 percent for the week on the back of strong foreign flows into domestic markets even as other emerging Asian currencies buckled over concerns about U.S. interest rates and China's weakening yuan. Foreign funds have poured in $3.8 billion in domestic equities and bonds in March, send- ing indexes to record highs on Tuesday. The value of the dollar's net long position dropped to $19.91 billion in the week ended March 18, from $10.56 billion the previous week. That was the most net long on the dollar since the week of Feb. 4. Investors put money into the dollar this week after the United States and the European Union imposed only personal sanctions on a small number of Russian and Crimean officials after a vote last Sunday when Crimea overwhelmingly voted to secede from Ukraine. The dollar index, which measures the greenback's value against a basket of major currencies, rose 0.81 percent this week for its largest weekly gain since late January. Overall, investors have maintained net long positions on the dollar for 20 consecutive weeks. The last time speculators were short the greenback was in late October 2013. To be long a currency is a view it will rise, while being short is a bet its value will decline. The US dollar gained from its two and half year low against the Euro after Yellen suggested at a Wednesday press con- ference that interest rates could rise six months after the Fed's bond-buying program ends. The Fed is currently buy- ing $55 billion in Treasury and mortgage debt a month, and expectations for the monetary authority to taper that figure gradually and close the program by fall followed by rate hikes in 2015 strengthened the dollar against most major currencies. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 61.0465 Yen-100 59.6400 Euro 84.1755 GBP 100.8061
  7. 7. DAILY REPORT 24th MARCH 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 21/03/14 MCX GOLD APR. BUY 29900 29980-30080 29780 SL TRIGGERED 21/03/14 MCX GOLD APR. SELL 29700 29620-29520 29820 SL TRIGGERED 21/03/14 MCX SILVER MAY BUY 45250 45450-45800 44900 SL TRIGGERED 21/03/14 MCX SILVER MAY SELL 45700 45500-45150 46050 NO PROFIT NO LOSS 21/03/14 NCDEX GUARSEED APR.. BUY 4795 4835-4885 4745 NOT EXECUTED 21/03/14 NCDEX GUARSEED APR. SELL 4720 4690-4640 4770 BOOKED PROFIT 21/03/14 NCDEX DHANIYA APR. BUY 9335 9365-9405 9285 NOT EXECUTED 21/03/14 NCDEX DHANIYA APR. SELL 9270 9240-9190 9320 BOOKED FULL PROFIT 21/03/14 JPY/INR MAR. SELL 59.92 59.78-59.63 60.20 BOOKED PROFIT 21/03/14 JPY/INR MAR. BUY 60.65 60.79-60.94 60.37 NOT EXECUTED 21/03/14 EUR/INR MAR. SELL 84.42 84.28-84.13 84.70 NOT EXECUTED 21/03/14 EUR/INR MAR. BUY 84.98 85.12-85.27 84.70 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 21/03/14 NIFTY FUTURE SELL 6500- 6540 6510-6450 6580 NOT EXECUTED 21/03/14 HDIL FUTURE BUY 570-575 580-590 560 BOOKED PROFIT 21/03/14 MC DOWELL FUTURE BUY 2600- 2625 2700-2750 2545 NOT EXECUTED 21/03/14 SAVITA OIL TECH CASH BUY 440-460 500-520 400 NOT EXECUTED 20/03/14 VOLTAS FUTURE BUY 148-150 152-155 145 BOOKED PROFIT 18/03/14 SOMANI CERAM- ICS CASH BUY 155-160 170-185 145 CALL OPEN 10/02/14 KRBL CASH BUY 45-46 50-54 40 CALL OPEN
  8. 8. DAILY REPORT 24th MARCH 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, MARCH 24 9 am Markit 'flash' PMI March -- 57.1 TUESDAY, MARCH 25 9 am Case-Shiller home prices Jan. -- 13.4% y-o-y 9 am FHFA home prices Jan. -- 7.7% y-o-y 10 am Consumer confidence index March -- 78.1 10 am New home sales Feb. -- 468,000 WEDNESDAY, MARCH 26 8:30 am Durable goods orders Feb. -- -1.0% THURSDAY, MARCH 27 8:30 am Weekly jobless claims 3-22 N/A N/A 8:30 am GDP revision 4Q -- 2.4% 10 am Pending home sales Feb. -- 0.1% FRIDAY ,MARCH 28 8:30 am Personal income Feb. -- 0.3% 8:30 am Consumer spending Feb. -- 0.4% 9:55 am UMich consumer sentiment March -- 79.9