Stock market special report by epic research 26th june 2014


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Stock market special report by epic research 26th june 2014

  1. 1. DAILY REPORT 26th JUNE 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Asian shares swung higher on Thursday as weak U.S. growth seemed to further delay the day when interest rates might rise, pulling down bond yields globally and pushing investors toward riskier assets in a desperate search for returns. European shares fell on Wednesday, with utility GDF Suez a standout loser, as traders cited fears that violence in Iraq will escalate further as a cue for investors to cash in on last month's equity rally. The pan-European FTSEuro- first 300 index ended down by 1.1 percent at 1,372.04 points, marking its lowest level in around three weeks. Wall Street Update US stocks rose on Wednesday, led by drugmakers, while a Supreme Court ruling lifted the shares of major broad- casters. The Dow Jones industrial average rose 49.38 points or 0.29 percent, to 16,867.51. The S&P 500 gained 9.55 points or 0.49 percent, to 1,959.53. The Nasdaq Composite added 29.40 points or 0.68 percent, to 4,379.76. Previous day Roundup After a volatile session, The S&P BSE Sensex ended a lack- luster session in the red as traders squared off long posi- tions ahead of the June series F&O expiry. Gains in auto, pharmaceuticals and IT were offset by losses in capital goods, banks and oil & gas sectors. The 30-share index ended at 25,313.74, down 55.16pts or 0.22%. It touched intraday high of 25,427.80 and a low of 25,274.39 in trade yesterday. The Nifty closed at 7,569.25, down 10.95pts or 0.14%. It touched intraday high of 25,427.80 and low of 25,274.39. S&P BSE Midcap Index was up 0.52% and S&P BSE Small- cap Index gained 0.35%. About 1689 shares advanced, 1344 shares declined and 110 shares were unchanged. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 75.8pts], Capital Goods [down 111.2pts], PSU [up 29.52pts], FMCG [down 24.77pts], Realty [up 18.10pts], Power [up 8.47pts], Auto [up 114.38pts], Healthcare [up 91.02pts], IT [up 13.07pts], Metals [up pts], TECK [down 0.27pts], Oil& Gas [down 91.14pts]. World Indices Index Value % Change D J l 16867.51 +0.29 S&P 500 1959.53 +0.49 NASDAQ 4379.76 +0.68 EURO STO 3252.31 -0.99 FTSE 100 6733.62 -0.79 Nikkei 225 15314.74 +0.32 Hong Kong 23051.28 +0.81 Top Gainers Company CMP Change % Chg BAJAJ-AUTO 2283.00 61.85 +2.78 MARUTI 2464.00 49.4 +2.05 LUPIN 1027.00 17.80 +1.76 GAIL 467.00 7.50 +1.63 HINDUNILVR 626.3 10.05 +1.63 Top Losers Company CMP Change % Chg ITC 315.6 4.90 -1.53 IDFC 128.00 1.95 -1.50 ICICIBANK 1418.1 21.20 -1.47 ONGC 436.7 6.25 -1.41 DLF 216.1 3.10 -1.41 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg AUROPHARMA 750.05 23.65 +3.26 BAJAJ-AUTO 2283.00 61.85 +2.78 BIOCON 506.2 20.00 +4.11 GAIL 467.00 7.50 +1.63 HDFC 994.65 1.45 -0.15 Indian Indices Company CMP Change % Chg NIFTY 7569.25 -10.95 -0.14 SENSEX 25313.74 -55.16 -0.22 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg
  2. 2. DAILY REPORT 26th JUNE 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. BIOCON BIOCON FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 500 levels. We advise buying around 500-505 levels with strict stop loss 492 for the targets of 512-520 levels. 2. IRB IRB FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 222 levels. We advise buying around 225-228 levels with strict stop loss 221 for the targets of 234-238 levels. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. SHOBHA DEVELOPER SHOBHA DEVELOPER ascending triangle on daily chart. We advise buying around 545 level with strict stop loss 535 for the targets of 555-565 MACRO NEWS The government has extended lower excise duty on auto, capital goods and consumer goods for another six months. The government plans to impose an additional penalty of USD 578 million on Reliance Industries for producing less- than-targeted natural gas from its eastern offshore KG-D6 block. ICRA wants revision in urea pricing. Competition Commission dismisses charges of unfair trade practices by Wipro. Cabinet Committee on Economic Affairs (CCEA) defers decision on gas pricing by 3 months. In a setback to gas producers like Reliance Industries, the government today postponed revision in natural gas prices by three months pending a "comprehensive" re- view to make a controversial pricing formula more palat- able. Hailing the central bank’s move to permit non banking finance companies will enhance the financial inclusion programme.
  3. 3. DAILY REPORT 26th JUNE 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 5,71,126 40,25,900 NIFTY PE 7,500 3.5 4,88,992 68,20,750 BANKNIFTY PE 7,550 11.55 2,61,603 23,07,450 BANKNIFTY PE 15,000 8.65 33,477 3,39,475 SBIN PE 2,660 5.25 3,821 1,30,625 MCDOWELL-N PE 2,600 9.1 2,687 1,79,250 RELIANCE PE 1,040 4.05 2,635 3,53,250 TATAMOTORS PE 440 1.35 2,454 6,25,000 MOST ACTIVE CALL OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 7,600 14 7,27,818 73,05,650 NIFTY CE 7,700 1.15 3,13,568 80,51,250 BANKNIFTY CE 7,650 3.2 2,70,057 25,45,450 BANKNIFTY CE 15,500 9 33,328 4,15,225 SBIN CE 2,700 12.3 9,061 4,76,750 RELIANCE CE 1,060 5.8 7,121 9,78,000 MCDOWELL-N CE 2,700 15 4,283 3,64,125 RCOM CE 150 3 4,185 26,36,000 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 149375 5682.08 144845 5504.26 454094 17262.82 177.82 INDEX OPTIONS 275086 10363.84 290627 10926.18 1890236 71565.13 -562.34 STOCK FUTURES 380814 13941.29 394229 14449.96 1650122 60736.38 -508.67 STOCK OPTIONS 51748 1944.14 54441 2063.20 116572 4381.75 -119.05 TOTAL -1012.25 INDICES R2 R1 PIVOT S1 S2 NIFTY 7,604.05 7,586.65 7,571.85 7,554.45 7,539.65 BANK NIFTY 15,359.78 15,298.82 15,259.98 15,199.02 15,160.18 STOCKS IN NEWS AMW Motors ties up with Larsen & Toubro Finance for vehicle loans Sebi has ordered a close scrutiny on the AstraZeneca India delisting. HDFC BANK in discussion with govt government for raising FII investment limit. L&T Infra Finance -To raise Rs 400 crore via private placement of NCDs. NIFTY FUTURE Nifty Future closed flat 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 26th JUNE 2014 YOUR MINTVISORY Call us at +91-731-6642300 COMMODITY MCX RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER ABOVE 44700 TGT 44900,45300 SL BELOW 44400 SELL SILVER BELOW 44470 TGT 44270,43970 SL ABOVE 44770 GOLD TRADING STRATEGY: BUY GOLD ABOVE 27820 TGT 27900,28000 SL BELOW 27720 SELL GOLD BELOW 27690 TGT 27610,27510 SL ABOVE 27790 COMMODITY ROUNDUP In oil markets, U.S. crude was firmer after news of a govern- ment decision to permit exports of lightly refined oil prom- ised to open a new source of demand for the product. U.S. crude CLc1 added 18 cents to $106.68 a barrel, while Brent LCOc1 gained 20 cents to $114.20. Gold in Singapore held on to small overnight gains on Thursday to trade near a two-month high, supported by safe-haven bids from weak data on U.S. economic growth and a softer dollar. Spot gold was little changed at $1,319.20 an ounce by 0008 GMT, after rising 0.1 percent in the previous session. The U.S. economy contracted at a much steeper pace in the first quarter than previously esti- mated, turning in one of its worst-ever non-recession per- formances, but growth already appears to have rebounded strongly. Fearing an input shortage due to the decision to raise the level of compulsory blending of ethanol in petrol, the chemical industry has urged the Union government to roll back the decision without delay. In a letter to the ministries of chemicals, finance, commerce, food and petroleum, the ICC said the move would lead to reduced supply of indus- trial alcohol, a valued raw material for a number of down- stream industries. Brent crude inched lower on Wednesday, but held close to a nine-month high above $114 a barrel as Sunni insurgents battled govt forces for control of Iraq's biggest refinery. Platinum group metals were steady after tens of thousands of South African platinum miners returned to work on Wednesday after wage deals ended the longest and most damaging strike in the country's history. Silver prices fell for the third straight session and lost 0.67% to Rs 44,703 per kg in futures trading yesterday on contin- ued offloading of positions by speculators amid a weak global trend. At the MCX, silver for delivery in September fell further by Rs 300, or 0.67%, to Rs 44,703 per kg in a business turnover of 341 lots. In a similar fashion, the white metal for delivery in July declined by Rs 294, or 0.66%, to Rs 44,200 per kg in 2,399 lots.
  5. 5. DAILY REPORT 26th JUNE 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS DHANIYA BUY DHANIYA JUL ABOVE 10750 TGTS 10780,10830 SL 10700 SELL DHANIYA JUL BELOW 10555 TGTS 10525,10475 SL 10605 GUARSEED BUY GUARSEED JUL ABOVE 5760 TGTS 5790,5840 SL 5710 SELL GUARSED JUL BELOW 5550 TGTS 5520,5470 SL 5600 NCDEX NCDEX INDICES Index Value % Change Castor Seed 4471 +0.16 Chana 2858 +0.28 Coriander 10660 +0.24 Cotton Seed Oilcake 1654 +0.73 Guarseed 5670 +1.25 Jeera 11290 -0.92 Mustard seed 3538 +0.03 Soy Bean 3912 -0.51 Sugar M Grade 3124 -0.22 Turmeric 6534 -1.27 NCDEX ROUNDUP India is unlikely to achieve even 1mn tonnes of raw sugar exports, 25% of permissible quantity, under "Marketing and Promotion Scheme" due to pruning of subsidy period to seven months from 19 months proposed originally. Food Minister under the UPA govt. on February 28 this year ac- cepted sugar industry's demand and proposed subsidy on exports of raw sugar to tune of Rs 3,333 a tonne until Sept. 2015. It also put ceiling of four mt export during the period. Coriander prices fell by 0.33% to Rs 10,600 per quintal as speculators reduced positions amidst subdued demand in the spot markets. Besides, adequate stocks position in the physical markets on increased arrivals from producing belts also put pressure on coriander prices. At NCDEX coriander for delivery in July eased by Rs 35, or 0.33%, to Rs 10,600 per quintal with an open interest of 27,560 lots. The price for August declined by Rs 34, or 0.31%, to Rs 10,908 per quintal with an open interest of 29,470 lots. Adequate avail- ability of stocks in physical markets against subdued de- mand led to the fall in coriander futures. Chana prices moved up by 0.51% to Rs 2,939 per quintal as speculators enlarged positions on tight supplies from pro- ducing regions. Further, increased demand in the spot mar- ket also supported the uptrend. At NCDEX chana for deliv- ery in August rose by Rs 15, or 0.51%, to Rs 2,939 per quin- tal with an open interest of 64,630 lots. Similarly, the com- modity for delivery in July traded up by Rs 14, or 0.49%, to Rs 2,864 per quintal in 1,51,230 lots.
  6. 6. DAILY REPORT 26th JUNE 2014 YOUR MINTVISORY Call us at +91-731-6642300 EUR/INR SELL EUR/INR BELOW 81.74 TGTS 81.59, 81.44 SL 81.95. BUY EUR/INR ABOVE 82.15 TGTS 82.30, 82.45 SL 81.94. USD/INR SELL USD/INR BELOW 60.08 TGTS 59.98, 59.78 SL 60.29. BUY USD/INR ABOVE 60.42 TGTS 60.57, 60.72 SL 60.27. CURRENCY ROUNDUP The dollar index .DXY fell as far as 80.091, a low not seen since May 22, while the euro bounced to $1.3627 EUR. Ster- ling climbed to $1.6984 from a one-week low of $1.6952, while the Australian dollar popped back above 94 U.S. cents from $0.9354. The lower dollar helped gold up to $1,318.75 an ounce, from a low of $1,310.36 on Wednesday. The dollar languished near one-month lows against a basket of major currencies early on Thursday, having been knocked back hard after revised U.S. growth figures for the first quarter came in shockingly weak. The Indian rupee hit a one-week low on Wednesday, weighed down by losses in other Asian currencies and shares but good dollar inflows for a share sale helped the unit recover to end marginally higher on the day. The partially convertible rupee closed at 60.1250/1350 per dollar compared with 60.1325/1425 on Tuesday. The rupee dropped to as much as 60.3850 during the session, its low- est since June 18. In the offshore non-deliverable forwards, the one-month contract was at 60.48, while the three-month was at 61.07. India deferred a decision on Wednesday to raise prices of locally produced gas for next three months, saying the mat- ter requires more discussion. India has moved a step closer to establishing industrial parks with China, the country's law minister said on Wednesday, as New Delhi looks to rebalance a $40 billion trade deficit with its northern neighbour. The Indian government has raised the price at which it will buy the new season common rice from local farmers by 3.8 percent to 1,360 rupees ($22.78) per 100 kilograms, Law Minister told a news conference after a cabinet meeting. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 60.2785 Yen-100 59.1500 Euro 82.0475 GBP 102.2806
  7. 7. DAILY REPORT 26th JUNE 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 25/06/14 MCX GOLD AUG. BUY 27850 27950-28150 27750 NOT EXECUTED 25/06/14 MCX GOLD AUG. SELL 27650 27550-27250 27750 SL TRIGGERED 25/06/14 MCX SILVER JULY BUY 44900 45200-45400 44650 NOT EXECUTED 25/06/14 MCX SILVER JULY SELL 44350 44100-43850 44600 BOOOKED PROFIT 25/06/14 NCDEX GUARSEED JULY BUY 5650 5680-5730 5600 BOOKED FULL PROFIT 25/06/14 NCDEX GUARSEED JULY SELL 5545 5515-5465 5595 NOT EXECUTED 25/06/14 NCDEX DHANIYA JULY BUY 10690 10720-10770 10640 BOOKED FULL PROFIT 25/06/14 NCDEX DHANIYA JULY SELL 10555 10525-10475 10605 NOT EXECUTED 25/06/14 JPY/INR JUNE BUY 59.34 59.49-59.64 59.13 NOT EXECUTED 25/06/14 JPY/INR JUNE SELL 59.98 58.83-58.68 59.19 NOT EXECUTED 25/06/14 GBP/INR JUNE SELL 102.09 101.94-101.79 102.30 NOT EXECUTED 25/06/14 GBP/INR JUNE BUY 102.49 102.64-102.79 102.28 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 25/06/14 NIFTY FUTURE BUY 7625 7675-7725 7575 NOT EXECUTED 25/06/14 HINDPETRO FUTURE SELL 415-420 435-450 405 CALL OPEN 25/06/14 PTC FUTURE BUY 90-92 95-98 87 NOT EXECUTED 25/06/14 PRAKASH IND CASH BUY 108 111-114 97 NOT EXECUTED 24/06/14 ARVND FUTURE BUY 218-220 224-228 214 BOOKED FULL PROFIT 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 CALL OPEN 10/06/14 POWER GRID FUTURE SELL 135 142-145 130 CALL OPEN
  8. 8. DAILY REPORT 26th JUNE 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 23 8:30 AM CHICAGO FED NATIONAL ACTIVITY INDEX MAY -- 0.19 9:45 AM MARKIT FLASH PMI JUNE -- 56.4 10 AM EXISTING HOME SALES MAY 4.70 MLN 4.65 MLN TUESDAY, JUNE 24 9 AM CASE-SHILLER HOME PRICES APRIL -- 9 AM FHFA HOME PRICES APRIL -- 10 AM CONSUMER CONFIDENCE INDEX JUNE 83.3 83.0 10 AM NEW HOME SALES MAY 440,000 433,000 WEDNESDAY, JUNE 25 8:30 AM GDP REVISION 1Q -2.0% -1.0% 8:30 AM DURABLE GOODS ORDERS MAY -1.1% 0.6% THURSDAY, JUNE 26 8:30 A.M. WEEKLY JOBLESS CLAIMS 6/21 N/A N/A FRIDAY, JUNE 27 8:30 AM PERSONAL INCOME MAY 0.3% 0.3% 8:30 AM CONSUMER SPENDING MAY 0.4% -0.1% 9:55 AM CONSUMER SENTIMENT INDEX JUNE 82.0 81.2