Stock market special report by epic research 28th august 2014


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Stock market special report by epic research 28th august 2014

  1. 1. DAILY REPORT 28 th AUGUST 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Asian stocks crept up early on Thursday following another steady performance by Wall Street shares which hovered near record highs, while the euro clung to modest gains after rebounding from 13-month lows. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.1 %. To- kyo's Nikkei shed 0.3 %, weighed by overnight gains in the yen. European shares steadied near a one-month high on Wednesday, pausing after a 2-1/2-week rally, as a drop in German consumer morale and negative corporate news curbed appetite for stocks. The pan-European FTSEurofirst 300 index closed 1.36 points higher, or up 0.1 %, at 1,378.19 points, after hitting a one-month peak earlier in the session, following a 6 % rally since Aug 8. The euro zone's blue-chip Euro STOXX 50 dropped 0.1 %, while Ger- many's DAX fell 0.2 %. Wall Street US stocks were little changed on Wednesday, with the S&P 500 creeping up to another record closing high in a lethar- gic session, though a number of retail stocks traded heavily after reporting results. The Dow Jones industrial average rose 15.31 points, or 0.09 %, to 17,122.01. The S&P 500 gained 0.1 point, or 0.01 %, to 2,000.12, and the Nasdaq Composite dropped 1.02 points, or 0.02 %, to 4,569.62. Previous day Roundup Indian shares rose on Wednesday to record closing highs as expectations of further monetary stimulus in the Euro zone raised hopes of continued foreign inflows, lifting blue- chips. The broader NSE index rose 0.4 %, or 31.30 points, to end at a record closing high of 7,936.05, and above the psy- chologically important 7,900 level. The index had climbed to an all-time high of 7,968.25 on Monday. The benchmark BSE index rose 0.44 %, or 117.34 points, to end at 26,560.15, marking a record closing high and its fifth con- secutive day of gains. Blue-chips, which tend to benefit most from foreign inflows, led the gainers Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 58.22pts], Capital Goods [up 52.87pts], PSU [up 50.13pts], FMCG [up 38.96pts], Auto [up 139.02pts], Healthcare [down 5.56pts], IT [up 75.49ts], Metals [down 25.89pts], TECK [up 33.17pts], Oil& Gas [up 92.23pts], Power [down 12.51pts], Realty [down 24.04pts]. World Indices Index Value % Change D J l 17122.01 +0.99 S&P 500 2000.12 +0.01 NASDAQ 456962 -0.02 EURO STO 3194.45 -0.10 FTSE 100 6830.66 +0.12 Nikkei 225 15459.76 -0.48 Hong Kong 25036.65 +0.47 Top Gainers Company CMP Change % Chg INDUSINDBK 580.80 18.40 3.27 JINDALSTEL 244.30 7.40 3.12 HCLTECH 1,648.95 47.35 2.96 ONGC 428.90 10.90 2.61 ICICIBANK 1,545.00 36.95 2.45 Top Losers Company CMP Change % Chg DLF 183.05 8.60 -4.49 BHEL 229.00 4.00 -1.72 SSLT 277.00 3.90 -1.39 IDFC 141.25 1.95 -1.36 NMDC 169.00 1.95 -1.14 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg ADANIPORTS 288.00 10.00 -3.36 CIPLA 514.00 1.60 +0.31 DABUR 232.3 5.15 2.27 DRREDDY 2924.6 35.10 +1.21 HCLTECH 1648.95 47.35 +2.96 Indian Indices Company CMP Change % Chg NIFTY 7906.30 -6.90 -0.09 SENSEX 26437.02 +17.47 +0.07 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg
  2. 2. DAILY REPORT 28 th AUGUST 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. EXIDE FUTURE EXIDE FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 162 levels. We advise buying around 160-162 levels with strict stop loss of 157 for the targets of 164-166 levels. 2. HCLTECH FUTURE HCL TECH FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 1640 levels. We advise buying around 1620-1640 levels with strict stop loss of 1600 for the targets of 1670-1690 levels. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. COX & KINGS COX & KING at 52 week high on daily chart. We advise buy- ing around 309-310 level with strict stop loss 303 for the targets of 316-322 MACRO NEWS PM Modi to launch plan for every Indian household to have bank account. LPG consumers can avail 12 cylinder quota at anytime of year. Cabinet defers decision on ONGC, NHPC, Coal India divest- ment. Government shortlists HSBC Securities, IDFC Capital, Edel- weiss as merchant bankers for NHPC issue. DLF will have to make Rs 630 crore payment. Government to divest 11.36 percent in NHPC. Auto companies will get 2 months to appeal against CCI order. CCI Has asked Sun Pharma for more details on Ranbaxy buy. Nasscom to lead delegation of IT companies to Japan on September 2. Assam tea trade union is joining hands with West Bengal counterparts. Modi's 100 days: Government looks resolved to address black money, tax evaders menace.
  3. 3. DAILY REPORT 28 th AUGUST 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 7,900 7 8,00,283 59,59,500 NIFTY PE 7,800 0.75 3,73,872 53,69,450 NIFTY PE 7,850 1.75 2,37,243 24,24,700 BANKNIFTY PE 15,600 14.7 65,675 3,35,225 IDFC PE 2,500 12.6 8,676 2,56,000 DLF PE 180 1.5 4,773 16,16,000 TCS PE 2,500 2 3,147 1,18,750 INFY PE 3,600 5.2 3,026 1,27,875 MOST ACTIVE CALL OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 8,000 5.5 6,13,629 1,04,32,850 NIFTY CE 7,900 47.45 5,38,159 53,31,000 NIFTY CE 7,950 18.15 3,93,244 29,03,250 BANKNIFTY CE 15,800 26 80,151 4,34,900 SBIN CE 2,500 18 6,124 3,53,250 RELIANCE CE 1,000 4.7 5,688 11,04,500 DLF CE 190 0.4 4,498 15,72,000 INFY CE 3,650 10.5 4,076 1,36,375 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 148818 5916.72 138063 5478.92 348830 13859.89 437.81 INDEX OPTIONS 384479 15080.30 384396 15099.09 1833655 72718.05 -18.78 STOCK FUTURES 366372 13401.12 359572 13195.65 1432066 51922.47 205.47 STOCK OPTIONS 66336 2538.65 68712 2632.87 87401 3275.80 -94.22 TOTAL 530.27 INDICES R2 R1 PIVOT S1 S2 NIFTY 7,963.45 7,949.75 7,933.15 7,919.45 7,902.85 BANK NIFTY 15,804.98 15,761.32 15,715.18 15,671.52 15,625.38 STOCKS IN NEWS Supreme Court directs DLF to pay Rs 630 cr penalty. RIL to save $450 mn/yr by importing ethane from US FTIL exits MCX by selling 5% stake for over Rs 200cr. Shree Cement's JP Associates' unit purchase to help balance north business. Forbes names TCS among world's most innovative companies. Cairn gas at $8.4, RIL, GSPL may have to wait till Sep- tember end. NIFTY FUTURE Nifty Future closed positive in the last trading session. We advise buying around 7960-7950 with strict stop loss 7900 the targets of 8010-8060
  4. 4. DAILY REPORT 28 th AUGUST 2014 YOUR MINTVISORY Call us at +91-731-6642300 COMMODITY MCX RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER SEP ABOVE 42170 TGTS 42370,42670 SL 41870 SELL SILVER SEP BELOW 41800 TGTS 41600,41300 SL 42100 GOLD TRADING STRATEGY: BUY GOLD OCT ABOVE 27900 TGTS 27980,28080 SL 27800 SELL GOLD OCT BELOW 27700 TGTS 27620,27520 SL 27800 COMMODITY ROUNDUP crude oil dipped after choppy trading overnight following a report that showed declining U.S. gasoline demand. U.S. crude dipped 13 cents to $93.75 a barrel. Spot gold edged up as a lower dollar and lingering geopolitical tensions helped offset selling pressure from bullish U.S. equities. Spot gold gained 0.1 % to $1,283.20 an ounce. After losing its status as the third-largest exporter of iron ore a couple of years ago, India is likely to turn a big im- porter of the key steel-making raw material by the end of this financial year. The country is likely to import 10 million tonnes (mt) in FY15, three times its previous record, 3 mt, in 2012-13. Unstable domestic production, increase in roy- alty rates and lower prices in the global market would con- tribute towards increasing imports. Domestic production has been steadily declining from a high of 220 mt in 2009- 10 to 150 mt in FY14. Gold rose for the third straight day on Thursday as the euro regained strength against the U.S. dollar and tensions be- tween Ukraine and Russia burnished the metal's safe haven appeal. Gold added $1.46 an ounce to $1,283.91 by 0026 GMT, moving away from a two-month low of $1,273.06 hit on Aug. 21. U.S. gold was at $1,285.00 an ounce, up $1.60. Taking weak cues from global markets, aluminium prices fell to Rs 125.35 per kg in futures trading today as specula- tors offloaded their positions. Further, sluggish demand in the domestic spot markets also weighed on the metal prices. At MCX, aluminium for delivery in current month, August eased by 40 paise, or 0.32%, to Rs 125.35 per kg in a busi- ness turnover of 1,392 lots. Similarly, the metal for delivery in September traded lower by 35 paise, or 0.28%, to Rs 125.30 per kg in 389 lots. Globally, aluminium was little changed at USD 2,082.75 a tonne after reaching an 18- month high yesterday at the London Metal Exchange (LME). The weakness in aluminium at futures trade was mostly in tandem with a downtrend in base metals at the LME and weak demand for the metal at domestic spot mar- kets.
  5. 5. DAILY REPORT 28 th AUGUST 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS DHANIYA BUY DHANIYA SEP ABOVE 11900 TGTS 11930,11980 SL 11850 SELL DHANIYA SEP BELOW 11780 TGTS 11750,11700 SL 11820 GUARGUM BUY GUARGUM OCT ABOVE 16320 TGTS 16370,16470 SL 16230 SELL GUARGUM OCT BELOW 16130 TGTS 16080,15980 SL 16220 NCDEX NCDEX INDICES Index Value % Change Castor Seed 4166 +0.17 Chana 2820 -1.26 Coriander 11810 -1.30 Cotton Seed Oilcake 1771 +0.28 Guarseed 5767 -1.80 Jeera 11175 +0.22 Mustard seed 3521 -1.34 Soy Bean 3330 -0.27 Sugar M Grade 3044 -0.00 Turmeric 6450 -0.86 NCDEX ROUNDUP The Spices Board has invited Expressions of Interest from prospective entrepreneurs / auctioneers for awarding car- damom auction licence for a period of three years from 2014. This initiative will open up the marketing system of small cardamom and is expected to attract more players to the small cardamom trade and may result in better price realizations. The sowing of onion in Maharashtra which is still lagging for the current kharif season compared to that of the last, has vigorously picked up last week due to consistent rainfall in the state. Even as the stand-off between the Uttar Pradesh (UP) gov- ernment and private sugar mills on the cane pricing contin- ues, the cane department on Wednesday announced dates for the annual cane reservation meetings next month. These come before the crushing season and are used to al- locate cane areas to mills on the basis of demand. But the mills had told the government about the suspension of op- erations in the coming season till the resolution of de- mands, including the linking of cane price to sugar one. These meetings are attended by representatives of mills and cane societies.
  6. 6. DAILY REPORT 28 th AUGUST 2014 YOUR MINTVISORY Call us at +91-731-6642300 EUR/INR BUY EUR-INR ABOVE 80.50 TGT 80.70.81 SL80.26 SELL EUR-INR BELOW 79.80 TGT 79.60,79.35 SL80.07 USD/INR BUY USD-INR ABOVE 61 TGT61.20,61.45 SL 60.77 SELL USD-INR BELOW 60.50 TGT 60.30,60.05 SL 60.80 CURRENCY ROUNDUP The Indian rupee ended steady on Wednesday as optimism over continued foreign investments in domestic markets was offset by caution ahead of key indicators this week, including economic growth data. Expectations of further monetary stimulus in the euro zone have boosted emerging market assets by raising hopes of continued foreign purchases, although some of those gains are being offset by the dollar's rise against major curren- cies. Foreign institutional investors have bought a net $29.79 bn in debt and shares so far this year, helping lift Indian mar- kets. NSE share index, which hit a string of all-time highs recently, ended at a record closing high on Wednesday. The partially convertible rupee closed at 60.45/46 per dol- lar compared with 60.4335/4450 in the previous session. All eyes are now on gross domestic product data for the April-June quarter due on Friday and possibly current ac- count deficit numbers this week. Globally, investors will also pay attention to monthly U.S. employment data due on Friday. The dollar remains strong, hitting a 13-month high against a basket of major currencies. In the offshore non-deliverable forwards, the one-month contract was at 60.74/79, while the three-month was at 61.25/35. Dollar was little changed against the yen at 103.89, having pulled back from a seven- month peak of 104.49 struck at the start of the week. The greenback has so far failed to build a steady foothold above 104 yen, partly due to persistently low U.S. yields U.S. Treasuries rallied overnight, driving yields lower, as European government bond yields continued to plumb re- cord lows and month-end buying helped send 30-year Treasury yields to their lowest levels in over a year. RBI Reference Rate Currency Rate Currency Rate Rupee- $ 60.4678 Yen-100 58.1700 Euro 79.6545 GBP 100.1468
  7. 7. DAILY REPORT 28 th AUGUST 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 27/08/14 MCX GOLD OCT. BUY 28000 28080-28180 27900 NOT EXECUTED 27/08/14 MCX GOLD OCT. SELL 27830 27750-27650 27950 NO PROFIT NO LOSS 27/08/14 MCX SILVER SEP. BUY 42400 42600-42900 42100 NOT EXECUTED 27/08/14 MCX SILVER SEP. SELL 41800 41500-41000 42200 NOT EXECUTED 27/08/14 NCDEX GUARGUM OCT. BUY 16520 16570-16670 16430 BOOKED FULL PROFIT 27/08/14 NCDEX GUARGUM OCT. SELL 16350 16300-16200 16440 BOOKED PROFIT 27/08/14 NCDEX DHANIYA SEP. BUY 12030 12060-12110 11990 SL TRIGGERED 27/08/14 NCDEX DHANIYA SEP. SELL 11945 11915-11865 11995 SL TRIGGERED 27/08/14 USD/INR AUG. BUY 61.00 61.20-61.45 60.77 NOT EXECUTED 27/08/14 USD/INR AUG. SELL 60.80 60.60-60.35 61.05 CALL OPEN 27/08/14 GBP/INR AUG. SELL 100.5 100.30-100.1 100.8 NOT EXECUTED 27/08/14 GBP/INR AUG. BUY 100.90 101.1-101.3 100.66 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 27/08/14 NIFTY FUTURE SELL 7860-7850 7810-7760 7910 NOT EXECUTED 27/08/14 SIEMENS FUTURE SELL 800 790-780 810 BOOKED PROFIT 27/08/14 VOLTAS FUTURE BUY 240-242 245-248 237 CALL OPEN 27/08/14 CENTURYPLY CASH BUY 92.5 94.5-96.5 90.5 SL TRIGGERED 26/08/14 NIFTY FUTURE SELL 7900-7890 7840-7790 7950 CALL OPEN 26/08/14 TATASTEEL FUTURE SELL 520-525 510-500 535 CALL OPEN 25/08/14 HCLTECH FUTURE BUY 1590-1600 1620-1640 1560 BOOKED FULL PROFIT
  8. 8. DAILY REPORT 28 th AUGUST 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, AUG. 25 8:30 AM CHICAGO FED NATIONAL ACTIVITY INDEX JULY -- 0.13 (3-MONTH) 10 AM NEW HOME SALES JULY 430,000 406,000 TUESDAY, AUG. 26 8:30 AM DURABLE GOODS ORDERS JULY 12.6% 1.7% 8:30 AM CORE CAPITAL EQUIPMENT ORDERS JULY -- 3.3% 9 AM CASE-SHILLER HOME PRICES JUNE -- 9.3% Y-O-Y 9 AM FHFA HOME PRICES JUNE -- 5.6% Y-O-Y 10 AM CONSUMER CONFIDENCE INDEX AUG. 88.5 90.9 WEDNESDAY, AUG. 27 NONE SCHEDULED THURSDAY, AUG. 28 8:30 AM WEEKLY JOBLESS CLAIMS AUG. 23 301,000 298,000 8:30 AM GDP REVISION Q2 3.9% 4.0% 10 AM PENDING HOME SALES JULY -- -1.1% FRIDAY, AUG. 29 8:30 AM PERSONAL INCOME JULY 0.3% 0.4% 8:30 AM CONSUMER SPENDING JULY 0.1% 0.4% 8:30 AM CORE PCE PRICE INDEX JULY -- 0.1% 9;45 AM CHICAGO PMI AUG. 57.5 52.6 9:55 AM UMICH CONSUMER SENTIMENT INDEX AUG. 80.1 79.2