Stock market special report by epic research 27th june 2014


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Stock market special report by epic research 27th june 2014

  1. 1. DAILY REPORT 27th JUNE 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Asian shares got off to a tentative start on Friday after a weak performance on Wall Street, and global bond yields dropped on creeping doubts on the strength of the U.S. economic recovery. Japan's Nikkei .N225 dipped 0.3 per- cent in early trade while South Korean shares fell 0.5 per- cent .KS11. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was flat. European shares came under pressure on Thursday after a top Federal Reserve official suggested the U.S. econ- omy would be ready for an interest rate hike in early 2015. The market was also pegged back by weakness in banking shares, with the fallers' list topped by Barclays after the New York Attorney General filed a lawsuit against it. Wall Street Update US stocks ended slightly lower on Thursday after the president of the Federal Reserve Bank of St. Louis said interest-rate increases should come sooner rather than later. Six of the 10 S&P 500 sectors were in negative terri- tory. The S&P financial index slipped 0.3 percent and ranked among those leading the market's decline. The Dow Jones industrial average fell 21.38 points or 0.13 percent, to end at 16,846.13. The S&P 500 slipped 2.31 points or 0.12 percent, to 1,957.22. The Nasdaq Compos- ite dipped 0.71 of a point or 0.02 percent, to 4,379.05. Previous day Roundup Sharp sell-off in oil & gas stocks and also cautiousness due to F&O expiry dragged Indian market yesterday. The Nifty ended June series below 7500, down 76.05 points at 7493.20.The Sensex was down 251.07 points at 25062.67. Though the broader markets traded in the negative zone but outperformed the benchmark indices as the BSE Small-cap and Mid-cap indices ended 0.3% lower. The breadth at the BSE ended weak as 1,540 scrips declined while 1,488 counters advanced. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 60.32pts], Capital Goods [up 139.36pts], PSU [up 215.45pts], FMCG [down 24.50pts], Realty [down 57.44pts], Power [down 18.17pts], Auto [up 20.03pts], Healthcare [up 36.67pts], IT [down 2.38pts], Metals [down 151.94pts], TECK [up 7.75pts], Oil& Gas [down 4443.57pts]. World Indices Index Value % Change D J l 16846.13 -0.13 S&P 500 1957.22 -0.12 NASDAQ 4379.05 -0.02 EURO STO 3233.19 -0.59 FTSE 100 6735.12 +0.02 Nikkei 225 15213.04 -0.62 Hong Kong 23202.86 +0.02 Top Gainers Company CMP Change % Chg WIPRO 538.1 8.95 +1.69 TECHM 2049 30.80 +1.53 LT 1670 19.95 +1.21 HCLTECH 1435 16.10 +1.13 DRREDDY 2506 27.75 +1.12 Top Losers Company CMP Change % Chg ONGC 413.8 23.05 -5.28 DLF 210 7.20 -3.31 RELIANCE 1017.75 33.25 -3.16 NTPC 152.7 4.15 -2.65 MCDWELL-N 2576.00 66.30 -2.51 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg ASIANPAINT 586.9 0.40 +0.07 AUROPHARMA 741.75 6.95 -0.93 BAJAJAUTO 2281.85 6.00 +0.26 BIOCON 521.00 13.10 +2.58 CENTURYTEX 568.25 7.40 +1.32 Indian Indices Company CMP Change % Chg NIFTY 7493.20 -76.05 -1.00 SENSEX 25062.07 -251.60 -0.99 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg
  2. 2. DAILY REPORT 27th JUNE 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. ARVIND FUTURE ARVIND FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 230 levels. We advise buying around 229-230 levels with strict stop loss 225 for the targets of 234-238 levels. 2. BIOCON FUTURE BIOCON FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 520 levels. We advise buying around 515-520 levels with strict stop oss 500 for the targets of 530-545 levels. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. SONATASOFT SONATASOFT trend line breakout on daily chart. We advise selling around 73 level with strict stop loss 75.50 for the targets of 71.50-70. MACRO NEWS Japanese retail giant Uniglo ready to set up 1000 stores in India Banks and loan collection agencies are employing skip- trace, a method to extract and analyse creditor informa- tion that was difficult to obtain before. The govt on Wednesday postponed revision in natural gas prices by 3months pending "comprehensive" review to make controversial pricing formula more palatable. Comments from a U.S. Federal Reserve official that raising interest rates by the end of the first quarter in 2015 will be appropriate also pressured investor sentiment in global markets. Government may undertake defense FDI in calibrated manner, it may increase defense FDI cap to 51 percent initially. Currently defense FDI allowed over 26 percent on case to case basis. India pays Iran USD 550 mn to partly clear oils import dues. Oil ministry grants Oil India shale gas, oil rights for 5 acreages. RComm and Reliance Jio may function as one, commpany may consider roaming and spectrum sharing pacts once rule permits.
  3. 3. DAILY REPORT 27th 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 7,500 7.5 13,95,126 17,60,350 NIFTY PE 7,550 47.3 5,25,120 5,21,650 BANKNIFTY PE 7,600 108 4,28,216 6,57,850 BANKNIFTY PE 15,200 148 1,04,367 50,625 SBIN PE 2,700 43.25 6,227 1,33,000 RELIANCE PE 1,020 7 5,130 1,89,750 MCDOWELL-N PE 2,600 22.1 3,248 1,48,750 INFY PE 3,200 12 3,027 87,250 MOST ACTIVE CALL OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 7,600 0.05 11,88,655 1,01,61,400 NIFTY CE 7,500 0.05 9,35,246 68,98,600 BANKNIFTY CE 7,550 0.05 9,14,971 48,90,800 BANKNIFTY CE 15,300 0.1 1,26,126 5,21,775 RELIANCE CE 2,700 0.1 13,680 6,23,000 SBIN CE 2,700 0.1 9,047 5,67,750 INFY CE 1,020 0.05 5,882 3,25,500 RELIANCE CE 3,200 0.1 5,039 1,93,750 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 137416 5190.20 133369 5036.50 302297 11403.17 153.70 INDEX OPTIONS 504449 18998.62 488145 18313.21 999369 37446.48 685.41 STOCK FUTURES 358090 13063.13 390865 14375.78 1454996 53399.12 -1312.65 STOCK OPTIONS 58711 2272.74 47945 1875.39 7138 255.78 397.35 TOTAL -76.20 INDICES R2 R1 PIVOT S1 S2 NIFTY 7,603.80 7,548.50 7,514.90 7,459.60 7,426.00 BANK NIFTY 15,447.23 15,248.62 15,134.63 14,936.02 14,822.03 STOCKS IN NEWS ONGC thinks it unfair to expect gas price decision by new govt so soon. The rating agency have upgraded the credit rating of DHFL. The subsidiary L&T, L&T Technology Services pur- chased 74% equity stake in Thales Software India. Ranbaxy gets USFDA nod for Valsartan: Agencies. Tata Communications plans to terminate registration of its ADRs. NIFTY FUTURE Nifty Future closed downside in the last trading session. We advise selling around 7500 levels with strict stop loss of 7550 for the targets of 7450-7400
  4. 4. DAILY REPORT 27th JUNE 2014 YOUR MINTVISORY Call us at +91-731-6642300 COMMODITY MCX RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER ABOVE 44850 TGT 45050,45350 SL BELOW 44600 SELL SILVER BELOW 44470 TGT 44270,43970 SL ABOVE 44770 GOLD TRADING STRATEGY: BUY GOLD ABOVE 27750 TGT 27830,27930 SL BELOW 27650 SELL GOLD BELOW 27620 TGT 27540,27440 SL ABOVE 27720 COMMODITY ROUNDUP Silver futures fell 0.52% to Rs 44,419 per kg yesterday as speculators reduced positions on weak cues from global markets. At the MCX, silver for delivery in July eased by Rs 234, or 0.52%, to Rs 44,419 per kg in a business turnover of 464 lots. Similarly, the white metal for delivery in Septem- ber lost Rs 227, or 0.50%, to Rs 44,925 per kg in 91 lots. A weak trend overseas as stronger equities dented the pre- cious metals' safe-haven appeal, mainly pulled down silver prices at futures trade. Meanwhile, silver slipped 0.30% to $20.97 an ounce in Singapore yesterday. The geo-political tensions in Iraq have escalated and begun spilling over into neighbouring countries. Brent crude dropped under $114 a barrel on Thursday as most of Iraq's oil output remained unaffected by the militant insurgency in the country, although worries over the conflict kept a floor under prices. This surge in activity comes after Iraqi Prime Minister Nouri Al-Maliki said he will not bow to inter- national pressure on forming a national unity government to tackle the rebellion. He has called the idea, which was the crux of John Kerry's diplomatic mission Gold was little changed early in Asian trading on Friday but looked likely to fall as concerns grew over weak physical demand and discovery of $15 billion of loans tied to falsi- fied gold deals in top consumer China. Chinese gold proc- essing firms have since 2012 used falsified gold transactions to borrow 94.4 billion yuan ($15.2 billion) from banks, the country's chief auditor said. Gold prices fell by 0.30% to Rs 27,667 per 10 grams in fu- tures trade yesterday amidst a weak trend overseas and profit-booking by speculators. At the MCX, gold for delivery in August eased by Rs 84, or 0.30%, to Rs 27,667 per 10 grams with a business volume of of 269 lots. Likewise, the metal for delivery in October was down by Rs 67, or 0.24%, to Rs 27,770 per 10 grams in 7 lots. Besides profit-booking by speculators, a weak trend in the overseas markets as stronger equities reduced the metal's safe-haven appeal, put pressure on gold prices in futures trade here. Globally, gold was trading lower at $ 1,316.66 an ounce in Singapore today from $ 1,319.18 yesterday.
  5. 5. DAILY REPORT 27th JUNE 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS DHANIYA BUY DHANIYA JUL ABOVE 10630 TGTS 10660,10710 SL 10580 SELL DHANIYA JUL BELOW 10500 TGTS 10470,10420 SL 10550 GUARSEED BUY GUARSEED JUL ABOVE 5680 TGTS 5710,5760 SL 5630 SELL GUARSEED JUL BELOW 5550 TGTS 5520,5470 SL 5600 NCDEX NCDEX INDICES Index Value % Change Castor Seed 4377 -2.47 Chana 2827 -1.12 Coriander 10575 -1.16 Cotton Seed Oilcake 1654 -0.18 Guarseed 5635 -0.88 Jeera 11210 -1.15 Mustard seed 3523 -0.48 Soy Bean 3917 +0.03 Sugar M Grade 3108 -0.64 Turmeric 6424 -1.98 NCDEX ROUNDUP Snapping its two-day rising streak, sugar prices fell by 0.58% to Rs 3,110 per quintal in futures trade yesterday as specu- lators locked-in gains at prevailing higher levels. In addition, stabilizing prices at wholesale markets, following pick-up in supplies also influenced the prices of the sweetener. At NCDEX, sugar for delivery in July eased by Rs 18, or 0.58%, to Rs 3,110 per quintal with an open interest of 29,290 lots. The sweetener for delivery in August also traded lower by Rs 15, or 0.48%, to Rs 3,140 per quintal in 27,610 lots. Supported by strong domestic and export demand, carda- mom prices traded 0.56% higher to Rs 945.10 per kg in fu- tures trade yesterday as speculators enlarged positions. Be- sides, tight supplies from producing regions influenced car- damom prices. At MCX cardamom for delivery in July rose by Rs 5.30, or 0.56%, to Rs 945.10 per kg in a business turn- over of 570 lots. Similarly, the spice for delivery in August gained Rs 4.80, or 0.52%, to Rs 919.80 per kg in 116 lots. Apart from strong domestic and export demand in the spot market, tight supplies from producing belts mainly led to the rise in cardamom prices in futures trade here. 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.
  6. 6. DAILY REPORT 27th JUNE 2014 YOUR MINTVISORY Call us at +91-731-6642300 USD/INR SELL USD/INR BELOW 60.36 TGTS 60.21, 60.06 SL 60.57. BUY USD/INR ABOVE 60.64 TGTS 60.79, 60.94 SL 60.43. GBP/INR BUY GBP/INR ABOVE 103.08 TGTS 103.23, 103.38 SL 102.87. SELL GBP/INR BELOW 102.78 TGTS 102.63,102.48 SL 102.99. CURRENCY ROUNDUP The Indian rupee ended weak on Thursday, dragged down by month-end importer dollar demand and lower stocks, while uncertainty over Iraq turmoil kept traders cautious. However, good dollar inflows prevented the unit from slid- ing sharply despite domestic stocks falling by nearly 1%. Foreign funds have bought shares worth $2.3 billion and debt worth $2.90 billion so far in June, taking total inflows in the year to $9.9 billion and $10.5 billion, respectively. The Indian rupee ended at 60.14/60.15 to the dollar after trad- ing in a narrow 60.08-60.20 band compared with Wednes- day's close of 60.1250/1350. Asian currencies were up with South Korean won leading the gains as a disappointing contraction in the U.S. economy during the first quarter raised expectations that the Federal Reserve may not hurry to increase interest rates. In the off- shore non-deliverable forwards, the one-month contract was at 60.40, while the three-month was at 60.98. The dollar was mixed against the other major currencies on Thursday, after disappointing U.S. data on Wednesday sparked expectations that the Federal Reserve will keep rates hold for longer. The dollar edged higher against the euro, with EUR/USD down 0.10% to 1.3616. The dollar came under pressure after the Commerce Department on Wednesday said gross domestic product contracted at an annual rate of 2.9% in the first three months of the year, compared to the consensus forecast for a decline of 1.7%. The pound held steady against the dollar, with GBP/USD inching up 0.02% to 1.6986. The dollar was lower against the yen, with USD/JPY slipping 0.10% to 101.77 and higher against the Swiss franc, with USD/CHF adding 0.10% to 0.8936. The greenback was steady to lower against the Aus- tralian, New Zealand and Canadian dollars, with AUD/USD up 0.06% to 0.9412, NZD/USD gaining 0.35% to 0.8768 and USD/CAD falling 0.10% to 1.0709. The US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.04% to 80.29. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 60.1618 Yen-100 59.1200 Euro 82.0440 GBP 102.2329
  7. 7. DAILY REPORT 27th 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 26/06/14 MCX GOLD AUG. BUY 27820 27900-2800 27790 NOT EXECUTED 26/06/14 MCX GOLD AUG. SELL 27690 27610-27510 27790 BOOKED FULL PROFIT 26/06/14 MCX SILVER JULY BUY 44700 44900-45300 44400 NO PROFIT NO LOSS 26/06/14 MCX SILVER JULY SELL 44470 44270-43970 44770 BOOKED PROFIT 26/06/14 NCDEX GUARSEED JULY BUY 5760 5790-5840 5710 SL TRIGGERED 26/06/14 NCDEX GUARSEED JULY SELL 5550 5520-5470 5600 NOT EXECUTED 26/06/14 NCDEX DHANIYA JULY BUY 10750 71780-10830 10700 NOT EXECUTED 26/06/14 NCDEX DHANIYA JULY SELL 10555 10525-10475 10605 BOOKED PROFIT 26/06/14 USD/INR JUNE BUY 60.42 60.57-60.72 60.27 NOT EXECUTED 26/06/14 USD/INR JUNE SELL 60.08 59.98-59.78 60.29 NOT EXECUTED 26/06/14 EUR/INR JUNE SELL 81.74 81.59-81.44 81.95 NOT EXECUTED 26/06/14 EUR/INR JUNE BUY 82.15 82.30-82.45 91.94 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 26/06/14 NIFTY FUTURE BUY 7625 7575-7725 7575 NOT EXECUTED 26/06/14 BIOCON FUTURE BUY 500-505 512-520 492 NOT EXECUTED 26/06/14 IRB FUTURE BUY 225-228 234-238 221 CALL OPEN 26/06/14 SHOBHA DEVEL- OPER CASH BUY 535 555-565 545 NOT EXECUTED 25/06/14 HINDPETRO FUTURE SELL 415-420 435-450 405 SL TRIGGERED 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 27th 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