Stock market special report by epic research 28th april 2014


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Stock market special report by epic research 28th april 2014

  1. 1. DAILY REPORT 28th APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance German stocks led European shares lower on Friday as new signs of violence in Ukraine hit sentiment, although equities remained underpinned by corporate takeover ac- tivity. The pan-European FTSEurofirst 300 index, which hit a near six-year high earlier this month, was down 0.8 per- cent at 1,332.83 points at the close. The euro zone's blue- chip Euro STOXX 50 index shed 1.3%, to 3,147.40 points. Asian markets closed mostly lower on Friday, with another upbeat lead from Wall Street overshadowed by concerns about Ukraine. Wall Street Update U.S. stock index futures edged lower on Friday as intensify- ing violence in Ukraine and weakness in over- shadowed positive results from Microsoft Corp. S&P 500 futures fell 4.8 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures fell 33 points and Nasdaq 100 futures fell 13.25 points. Previous day Roundup The market ended on a weak note with Nifty below the 6800-level. The Nifty is down 58.05 points at 6782.75. The Sensex is down 188.47 points at 22688.07. About 1217 shares have advanced, 1505 shares declined, and 150 shares are unchanged. Even though the S&P BSE Sensex ended on a weak note on Friday, but as much as 184 stocks rose to their fresh 52-week high on the BSE. The real action was seen in the small and midcap segment, even though benchmark indices continued to reel under pressure. The BSE Sensex cracked as much as 219 pts in trade, while 50-share Nifty index slipped below its crucial psychological level of 6800. The BSE Sensex finally ended 188.47pts lower or 0.82% at 6782.75. It hit a low of 6772.85 and a high of 6869.85 in trade on Friday. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 28.77pts], Capital Goods [down 171.62pts], PSU [down 40.45pts], FMCG [down 140.94pts], Realty [up 8.88pts], Power [down 18.70pts], Auto [down 16.20pts], Healthcare [up 48.17pts], IT [down 9.19pts], Metals [up 2.79pts], TECK [up 6.04pts], Oil& Gas [down 206.69pts]. World Indices Index Value % Change D J l 16361.46 -0.85 S&P 500 1863.40 -0.81 NASDAQ 4075.56 -1.75 EURO STO 3147.40 -1.33 FTSE 100 6685.69 -0.26 Nikkei 225 14429.26 +0.17 Hong Kong 22223.53 -1.50 Top Gainers Company CMP Change % Chg M&M 1065.90 26.75 +2.57 TECHM 1,809.00 44.00 +2.49 DRREDDY 2,627.05 61.15 +2.38 AXISBANK 1,543.60 23.80 +1.57 HDFC 893.25 13.70 +1.56 Top Losers Company CMP Change % Chg CAIRN 335.05 17.35 -4.92 AMBUJACEM 208.10 10.65 -4.87 BPCL 458.00 17.10 -3.60 ULTRACEMCO 2091.95 77.75 -3.58 GRASIM 6275.65 84.25 -3.05 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg AUROPHARMA 579.85 25.75 +4.65 BANKBARODA 807.00 0.45 +0.06 DHFL 244.90 10.50 +4.48 ICICIBAK 1269.00 30.55 -2.35 JSWSTEEL 1112.00 1.65 -0.15 Indian Indices Company CMP Change % Chg NIFTY 6,782.75 -58.05 -0.85 SENSEX 22,688.07 -188.47 -0.82 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg
  2. 2. DAILY REPORT 28th APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. CROMPTON GREAVES [FUTURE] CROMPTON GREAVES FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it sustains below 180 levels. We advise selling around 180 -182 levels with strict stop loss 185 for the targets of 175- 171 levels. 2. AUROPHARMA [FUTURE] AUROPHARMA FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sus- tains above 580 levels. We advise buying around 575-580 levels with strict stop loss 565 for the targets of 590-605. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. JUST DIAL LIMITED JUST DIAL LIMITED is looking strong on charts. We advise buying around 1280-1300 levels with strict stop loss of 1250 for the targets of 1325-1350 levels. MACRO NEWS Maruti Suzuki reported net profit at Rs 800 cr. in the quar- ter ended March 2014, up 17.5 percent compared to pre- vious quarter that was lower than forecast. ICICI Bank, reported profit after tax of Rs 2,652cr. in the quarter ended March 2014 (missed estimates), up 15% compared to a year-ago period, supported by non-interest income, higher retail advances and operating profit but impacted by higher provisions. Private sector lender Axis Bank beat street expectations with the fourth quarter (January-March) net profit rising 18.5 percent year-on-year to Rs 1,842 cr. on higher other income and net interest income. Japan's NTT DoCoMo Inc will sell 26.5% stake in Indian mobile phone joint venture Tata Teleservices through eq- uity method. Post this deal, the Japanese company will be exiting the telecom space in India completely. India's foreign exchange reserves fell to $309.41 billion as of April 18 from $309.44 billion in the week earlier. Biocon reported a 15% rise in Q4 revenue to 746 cr. helped by a 17% rise in sales at its branded formulation division. Company's net profit for Q4 was 113 cr. Vs. 249 cr. a year ago when the company booked a one-off gain of 202 cr.
  3. 3. DAILY REPORT 28th APRIL 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 6,500 113.8 72,649 26,27,900 NIFTY PE 6,800 228.65 55,909 20,01,000 NIFTY PE 6,600 145.5 39,155 14,71,650 BANKNIFTY PE 13,000 604 8,532 1,77,750 MCDOWELL-N PE 2,800 21.5 4,115 5,38,375 AXISBANK PE 1,500 61.5 2,247 1,61,000 SBIN PE 2,000 83.8 1,809 1,10,750 MARUTI PE 1,900 52.4 1,271 50,125 MOST ACTIVE CALL OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts ) Open Interest NIFTY CE 7,500 37 58,560 16,14,300 NIFTY CE 7,000 163 54,092 29,03,900 NIFTY CE 7,200 94 48,050 11,72,200 BANKNIFTY CE 13,500 497.15 10,270 1,79,675 SBIN CE 2,100 103.15 3,652 1,63,000 RELIANCE CE 1,000 23.2 2,871 8,13,000 ICICIBANK CE 1,300 60 2,649 2,67,750 AUROPHARMA CE 600 24.1 2,570 4,45,000 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 46742 1590.54 74000 2522.49 271532 9230.53 -931.95 INDEX OPTIONS 230535 7889.25 196259 6617.29 1108439 37538.06 1271.96 STOCK FUTURES 101569 3178.16 107153 3412.22 1209649 37774.90 -234.05 STOCK OPTIONS 28868 947.90 25462 837.32 23149 718.69 110.58 TOTAL 216.54 INDICES R2 R1 PIVOT S1 S2 NIFTY 6835 6810 6780 6755 6685 BANK NIFTY 13442 13289 13175 13022 12908 STOCKS IN NEWS Results: HUL, Idea, Godrej Cons, SKS Microfinance, KPIT Cummins, Alembic Pharma, DCM Shriram, Chola Fi- nance, Bajaj Corp, Shree Cement, Parry Sugar, Tata Sponge, HCL Infosystem, Fortis MLR, . DLF to raise Rs 900cr via CMBS; Crisil gives stable rating Yes Bank targeting 20% loan growth in FY15. RIL to seek injunction against KG-D6 auction. L&T gets Rs 4,510 cr order from Qatar Railways Co. SAIL bags Rs 650 crore rail supply orders. SpiceJet to start new Delhi-Hyd flight from May 8. NIFTY FUTURE Nifty Future closed in the red in the last trading session. We advise selling around 6880-6900 levels with strict stop loss of 6950 for the targets of 6850-6820.
  4. 4. DAILY REPORT 28th APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER(MAY) ABOVE 43000 TGTS 43250/43600 SL 42700 SELL SILVER(MAY) BELOW 42400 TGTS 42150/41800 SL 42700 GOLD TRADING STRATEGY: BUY GOLD(JUN) ABOVE 29000 TGTS 29080/29200 SL 28900 SELL GOLD(JUN) BELOW 28850 TGTS 28770/28650 SL 28980 COMMODITY ROUNDUP Investors are putting their faith back into gold, spurring the longest price rally in six weeks. Futures rose for a third straight day amid reignited tension in Eastern Europe. Bul- lion reached a six-month high after Russia annexed Crimea last month, and then fell almost nine per cent on signs that peace would return. Hostilities this week are bringing back the gold bulls. The metal has risen 8.2% this year as the con- flict between Russia and Ukraine spurs traders to unwind bets on a drop, even as signs of improving US economic growth push the Federal Reserve to reduce stimulus. Gold slid 28% in 2013, partly because the outlook for the Fed to scale back bond purchases dimmed the appeal of bullion as an inflation hedge. Gold futures for June delivery rose 0.8% to settle at $1,300.80 an ounce at 1:45 pm on the Comex in New York, a third straight gain and the longest rally since March 14. Prices climbed 0.7% in the previous two sessions. Bullion jumped 70% from December 2008 to June 2011 as the Fed bought debt and cut rates to a record in a bid to boost the US economy. In China, volumes for the benchmark spot gold contract in Shanghai rose to a two-month high on Thursday. Amid a weak trend in the global markets and subdued do- mestic demand, nickel traded 0.59% lower at Rs 1,126 per kg in futures trade as speculators reduced their positions. At the MCX, nickel for delivery in May fell 6.70, or 0.59%, to Rs 1,126 per kg in a business turnover of 574 lots. The metal for delivery in April was also down by Rs 6.50, or 0.58%, to Rs 1,119.10 per kg in a turnover of 3,752 lots. Copper prices rallied to almost a one and half month high on MCX, amid speculation demand in top consumer China will strengthen in the near-term. The prices picked up strength in the opening trades though minor profit booking is active in evening but Copper is likely to show gains to- wards Rs 425 in short term. The current levels of Copper when last checked were at Rs 417.95 per kg. On the Comex division of the New York Mercantile Exchange, copper for May delivery rose to a session high of $3.094 a pound on Thursday, the most since March 7. Copper futures are likely to find support at $3.032 a pound, the low from April 23 and resistance at $3.219 a pound, the high from March 7. COMMODITY MCX
  5. 5. DAILY REPORT 28th APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS DHANIYA BUY DHANIYA ABOVE 9275 TGTS 9305,9355 SL 9225 SELL DHANIYA BELOW 9180 TGTS 9150,9100 SL 9230 GUARSEED BUY GUARSEED ABOVE 5280 TGTS 5310,5360 SL 5230 SELL GUARSEED BELOW 5220 TGTS 5190,5140 SL 5270 NCDEX NCDEX INDICES Index Value % Change Castor Seed 4121 +3.59 Chana 3120 +1.50 Coriander 9210 -3.17 Cotton Seed Oilcake 1577 +1.61 Jeera 5265 +3.95 Maize– Feed/Industrial Grade 10685 +1.81 Mustard seed 3556 +1.75 Soy Bean 4671 +3.51 Turmeric 7002 +1.27 NCDEX ROUNDUP Prices of agricultural commodities rose sharply on Friday, following the meteorological department’s prediction of below-normal rainfall this kharif season. The department had estimated rainfall at 95% of the long-period average. A range of 96 per cent to 104% shows normal rainfall. On NCDEX, most agricultural commodities rose about 1% dur- ing the day session. Castor seed, guar gum, guar seed and soybean were trading 3% higher. Barley, chana, cotton, oil- seed cake, jeera, mustard seed and turmeric also saw a rise. Indian Malabar Garbled Pepper prices made a historical high of Rs 710 a kg in April 2014, up Rs188 from December 2013 closing rate. Pepper soared on the back of weak local crop amid tight supplies. India's output is estimated at 35,000 tonnes in 2014 as against 45,000 tonnes projected at the IPC session late last year. The annual domestic demand is estimated at around 50,000 tonnes. To meet the local demand, importers need to pay either 40% import duty or should re-export within 120 days. As per the latest circular from the National Commodity & Derivatives Exchange Limited, fresh positions can be taken till the date of expiry in all running contracts and yet to be launched contracts of Refined Soya Oil. Cardamom jumped further as buying continued on weather concerns and weak arrivals in the auction during the off sea- son.
  6. 6. DAILY REPORT 28th APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 EUR/INR SELL EUR/INR BELOW 83.79 TGTS 83.65, 83.50 SL 84.04. BUY EUR/INR ABOVE 84.52 TGTS 84.66, 84.81 SL 84.27. GBP/INR SELL GBP/INR BELOW101.85 TGTS 101.71, 101.55 SL 102.10. BUY GBP/INR ABOVE 102.48 TGTS 102.62,102.77 SL 102.23. CURRENCY ROUNDUP The Indian rupee posted its biggest single-day gain in a month and a half on Friday, snapping a three-session falling streak as good dollar sales by custodian banks and two large corporate helped offset greenback demand seen from oil importers. However, for the week, the rupee fell 0.5 per- cent against the dollar, posting its worst performance since the week ended Jan. 24, with trading influenced by falls in regional currencies on a weekly basis amid worries over ten- sions in Ukraine and a slide in the Chinese yuan. The rupee has fallen for four consecutive weeks, retreating ever since it hit an eight-month high of 59.5950 in early April. Although continued strong foreign purchases of In- dian shares have helped support the rupee, any changes in those flows could impact the local currency, with investors still focused on the outcome of the national elections due in mid-May. The euro maintained its momentum against the dollar after a pick-up on Thursday fuelled by a healthy consumer confi- dence reading from Germany. Foreign Exchange markets believed the European Central Bank would not ease monetary policy soon to counter any risk of deflation, and that they were waiting for a US mone- tary policy decision next week. Curbs on gold imports in India will not be withdrawn imme- diately, but will be done in a calibrated manner, the coun- try's Finance Secretary Arvind Mayaram said on Friday. The Reserve Bank of India will auction 150 billion rupees of treasury bills on April 30, including 90 billion rupees of 91- day and 60 billion rupees of 364-day t-bills, it said on Friday. RBI said on Friday it accepted all 55 bids for 210.09 billion rupees at its three-day repo auction, through which it in- jects liquidity into the banking system. Indian banks' refi- nancing with RBI rises to 506.60 billion rupees. Indian banks' cash balances with RBI rise to 3.31 trillion rupees. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 61.1163 Yen-100 59.7300 Euro 84.5220 GBP 102.7059
  7. 7. DAILY REPORT 28th APRIL 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 25/04/14 MCX GOLD JUNE BUY 28850 28930-29030 28730 BOOKED PROFIT 25/04/14 MCX GOLD JUNE SELL 28620 28540-28440 28720 NOT EXECUTED 25/04/14 MCX SILVER MAY BUY 42700 42900-43100 42380 BOOKED PROFIT 25/04/14 MCX SILVER MAY SELL 42390 42190-41840 42700 SL TRIGGERED 25/04/14 NCDEX GUARSEED MAY BUY 5090 5120-5170 5040 BOOKED FULL PROFIT 25/04/14 NCDEX GUARSEED MAY SELL 530 5000-4950 5080 NOT EXECUTED 25/04/14 NCDEX DHANIYA MAY BUY 9550 9580-9630 9500 NOT EXECUTED 25/04/14 NCDEX DHANIYA MAY SELL 9450 9420-9370 9500 BOOKED FULL PROFIT 25/04/14 USD/INR APR. BUY 61.19 61.33-61.48 60.94 NOT EXECUTED 25/04/14 USD/INR APR. SELL 60.89 60.75-60.60 61.14 BOOKED FULL PROFIT 25/04/14 EUR/INR APR. SELL 84.15 84.01-84.96 84.42 BOOKED FULL PROFIT 25/04/14 EUR/INR APR. BUY 84.67 84.81-84.96 84.42 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 25/04/14 NIFTY FUTURE BUY 6820- 6840 6890-6920 6780 CALL OPEN 25/04/14 BANKBARODA FUTURE BUY 800-805 825-840 785 BOOKED PROFIT 25/04/14 ICICIBANK FUTURE BUY 1290- 1300 1325-1350 1265 CALL OPEN 25/04/14 BANK OF INDIA CASH BUY 230-232 238-244 225 BOOKED PROFIT 23/04/14 NIFTY FUTURE BUY 6800- 6820 6860-6890 6770 CALL OPEN 23/04/14 APOLLO TYRE FUTURE SELL 170-172 168-165 175 BOOKED PROFIT 22/04/14 LIBERTYSHOES CASH BUY 180-185 192-198 176 SL TRIGGERED 16/04/14 TCS FUTURE BUY 2200- 2240 2280-2300 2160 CALL OPEN 15/04/14 INDUSIND BANK FUTURE SELL 500-495 480-460 520 CALL OPEN
  8. 8. DAILY REPORT 28th APRIL 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, APRIL 28 10 AM PENDING HOME SALES MARCH -- -0.8% TUESDAY, APRIL 29 9 AM CASE-SHILLER HOME PRICES FEB. -- 13.2% Y-O-Y 10 AM CONSUMER CONFIDENCE INDEX APRIL 83.0 82.3 10 AM RENTAL VACANCY RATE Q1 -- 8.2% WEDNESDAY, APRIL 30 8:15 AM ADP EMPLOYMENT APRIL -- 191,000 8:30 AM GDP 1Q 1.0% 2.6% 8:30 AM EMPLOYMENT COST INDEX 1Q 0.5% 0.5% 9;45 AM CHICAGO PMI APRIL 56.5 55.9 2 PM FOMC STATEMENT THURSDAY, MAY 01 8:30 AM JOBLESS CLAIMS 4/26 N/A N/A 8:30 AM PERSONAL INCOME MARCH 0.4% 0.3% 8:30 AM CONSUMER SPENDING MARCH 0.5% 0.3% 9:45 AM MARKIT PMI APRIL -- N/A 10 AM ISM APRIL 54.0% 53.7% 10 AM CONSTRUCTION SPENDING MARCH 0.7% 0.1% TBA MOTOR VEHICLE SALES APRIL 16.2 MLN 16.3 MLN FRIDAY, MAY 02 8:30 AM NONFARM PAYROLLS APRIL 210,000 192,000 8:30 AM UNEMPLOYMENT RATE APRIL 6.6% 6.7% 10 AM FACTORY ORDERS MARCH 1.5% 1.6%