Stock market special report by epic research 2nd july 2014

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Stock market special report by epic research 2nd july 2014

  1. 1. DAILY REPORT 02nd JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance European shares began the month with a gain, as BNP Paribas rose on relief it had settled a U.S. sanctions case and mining companies rallied after encouraging eco- nomic data came out of China, the world's top metals consumer. The pan-European FTSEurofirst 300 index closed up 0.9 percent at 1,382.31 points - notching its biggest one-day percentage gain since May 8. Asian stocks scored a three-year peak on Wednesday af- ter a round of upbeat global economic data whetted risk appetites and helped Wall Street taste all-time highs. MSCI's broadest index of Asia-Pacific shares outside Ja- pan .MIAPJ0000PUS gained 0.38 percent to 495.69, heights not visited since May 2011. Japan's Nikkei .N225 added 0.7 percent to reach its highest in over five months. Wall Street Update The Dow and the S&P 500 closed at record highs on Tues- day as manufacturing activity picked up in the United States and Asia and increased optimism about the global economy's health. The Dow and S&P 500 both scored record closing highs, as did the MSCI world equity index .MIWD00000PUS. The Dow .DJI gained 0.77 percent and the S&P 500 .SPX 0.67 percent, while the Nasdaq Composite .IXIC put on 1.14 percent. Previous day Roundup Markets gained for the 3rd straight day, amid strong buy- ing interest from FII, with auto and metal shares leading the gains. However, IT stocks retreated because of a weak growth forecast by Gartner. The Sensex climbed 102 pts to close at 25,516 and the Nifty advanced 23 pts to end at 7,635. In the broader markets, the smallcap index gained 1%. In intra-day, the S&P BSE Small-cap in- dex touched its highest level since Feb. 2008. Meanwhile, the midcap was up 0.6%, outperforming the Sensex which was up 0.4%. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 87.12pts], Capital Goods [up 206.21pts], PSU [down 4.70pts], FMCG [up 22.94pts], Realty [up 21.44pts], Power [up 6.23pts], Auto [up 493.63pts], Healthcare [down 44.11pts], IT [down 87.32pts], Metals [up 265.94pts], TECK [down 29.14pts], Oil& Gas [down 60.77pts]. World Indices Index Value % Change D J l 16956.07 +0.77 S&P 500 1973.32 +0.67 NASDAQ 4458.65 +1.14 EURO STO 3258.71 +0.94 FTSE 100 6802.92 +0.87 Nikkei 225 15404.6 +0.51 Hong Kong 23434.02 +1.05 Top Gainers Company CMP Change % Chg HINDALCO 175.15 10.95 +6.67 MARUTI 2584.05 144.7 +5.93 TATAMOTORS 452.40 21.10 +4.89 M&M 1196.00 48.8 +4.25 TATASTEEL 540.7 12.30 +2.33 Top Losers Company CMP Change % Chg TECHM 2109.5 42.50 -1.97 BPCL 589.3 11.10 -1.85 ASIANPAINT 84.25 9.75 -1.64 WIPRO 538 8.40 -1.54 TCS 2395 30.40 -1.25 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg ABB 1150 28.90 +2.58 BAJAJAUTO 2330.55 14.35 +0.62 BHARAT FORG 655.05 29.05 +4.64 CENTURYTEX 611 20.60 +3.66 GUJRAT GAS 497.8 82.95 +20.00 Indian Indices Company CMP Change % Chg NIFTY 7634.7 +23.35 +0.31 SENSEX 25516.35 +102.57 +0.40 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg
  2. 2. DAILY REPORT 02nd JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. CENTURY TEXTILE FUTURE CENTURY TEXTILE FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sus- tains above 600 levels. We advise buying around 605-610 levels with strict stop loss 590 for the targets of 620-635. 2. HIND UNLEVER FUTURE HIND UNILEVER FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sus- tains above 630 levels. We advise buying around 632-636 levels with strict stop loss 625 for the targets of 642-648. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. GATI GATI strong on daily chart. We advise buying around 125 level with strict stop loss 122.50 for the targets of 127.50- 130 MACRO NEWS Price of non-subsidized LPG was yesterday hiked by Rs 16.50 per cylinder and that of jet fuel by over half-a-per cent after international oil prices surged due to the ongo- ing Iraq crisis. The increase in rates of non-subsidized LPG and ATF accompanies the Rs 1.69 a litre hike in petrol and 50 paisa a litre in diesel announced on Monday. The Coal Ministry is considering auctioning 25 captive coal blocks which where taken back from the companies due to their failure in developing them. Manufacturing activity rose to a four-month high in June, albeit the pick-up was too gradual, shows a widely- tracked HSBC PMI. The index rose 51.5pts in June from 51.4pts in previous month. The reading above 50pts de- notes expansion and one below it shows contraction. PMI has been slowly picking up pace since April. However, it was nowhere close to 52.5 pts in Feb. TV18 launches CNBC BAJAR, India’s 1st Gujarati biz chan- nel CNBC Bajar is partnered by Infibeam.com, in associa- tion with Adani and Ganesh Housing. International rating agency Fitch said India's economic growth will accelerate to 5.5% this financial year and 6.5% in FY16 due to the clear mandate received by the pro- reform New govt.
  3. 3. DAILY REPORT 02nd JULY 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 83.6 1,21,206 34,31,650 NIFTY PE 7,400 56.55 99,575 28,86,200 NIFTY PE 7,300 37.05 73,375 32,91,000 BANKNIFTY PE 15,000 288 4,151 3,19,850 MARUTI PE 2,500 54.45 1,181 43,125 RELIANCE PE 1,000 24.95 1,131 4,28,500 LT PE 1,700 46.95 1,032 1,69,750 HINDALCO PE 170 6.05 976 6,24,000 MOST ACTIVE CALL OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 7,800 87.5 1,33,019 36,37,200 NIFTY CE 8,000 31.9 93,751 62,92,950 NIFTY CE 7,700 131.3 80,316 27,21,250 BANKNIFTY CE 16,000 236 13,149 4,10,500 LT CE 1,800 37.3 3,225 5,91,250 MARUTI CE 2,600 103 2,582 32,375 IDFC CE 140 3.8 2,287 28,08,000 MCDOWELL-N CE 2,500 54.1 2,251 3,25,250 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 30160 1155.18 31389 1202.59 287058 11007.33 -47.41 INDEX OPTIONS 120304 4592.43 110590 4196.76 1209853 46192.24 395.67 STOCK FUTURES 83192 3157.00 64066 2493.06 1476228 55880.44 663.93 STOCK OPTIONS 35984 1358.86 36180 1371.12 61101 2304.51 -12.26 TOTAL 999.92 INDICES R2 R1 PIVOT S1 S2 NIFTY 7,665.47 7,650.08 7,634.12 7,618.73 7,602.77 BANK NIFTY 15,420.55 15,370.95 15,316.05 15,266.45 15,211.55 STOCKS IN NEWS BHEL commissions Rajasthan discom's Rs 990-crore thermal unit L&T bags Rs 2,442 cr order from BSNL Maruti to launch smallest 800 cc diesel engine with 30 km/l mileage; to be used on Celerio JK Tyres to up exports with Mexico plant. Sterlite Technologies bags BSNL deal worth nearly Rs 2500 crore. Tata Motors June vehicle sales down 27 pct y/y NIFTY FUTURE Nifty Future closed upside in the last trading session. We advise buying around 7680 levels with strict stop loss of 7630 for the targets of 7730-7780
  4. 4. DAILY REPORT 02nd JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 COMMODITY MCX RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER SEP ABOVE 45250 TGTS 45550,45790 SL 45000 SELL SILVER SEP BELOW 44900 TGTS 44750,44500 SL 45100 GOLD TRADING STRATEGY: BUY GOLD AUG ABOVE 27850 TGTS 27900,27980 SL 27730 SELL GOLD AUG BELOW 27640 TGTS 27590,27490 SL 27710 COMMODITY ROUNDUP Fourteen months after the Supreme Court allowed mining in all categories of iron ore mines in Karnataka, production is slowly gathering pace. As regulatory bodies are moving slowly in granting approvals, so far, only 23 mines have re- started operations, with combined annual production of 21- 22 million tonnes (mt). The mining sector expects the state government to execute five-six pending leases, which can add two mt to capacity. The state government has appealed to the Supreme Court to increase the cap on production from 30 mt to 40 mt. Gold prices rose 0.47% to Rs 27,980 per 10 gram in as speculators created fresh positions taking positive cues from overseas markets. At MCX, gold for delivery in far- month October contracts traded at Rs 131, or 0.47%, to Rs 27,980 per 10 gram with a business turnover of 8 lots. Au- gust gold moved up by Rs 120, or 0.43%, to Rs 27,896 per 10 gram, with a trade volume of 179 lots. Increased posi- tions built-up by speculators influenced gold futures. The precious metal traded at almost three-month high in global markets with holdings in the SPDR, the biggest gold- backed exchange-traded product, expanding 0.7% yester- day. Globally, gold climbed 0.90% to $1,326.90 an ounce in New York in yesterday's trade. Metal prices have moved up in the past month amid expec- tations of a revival in global demand, following positive eco- nomic data reported by developing and developed econo- mies. While zinc prices on the London Metal Exchange jumped 5.76 per cent to settle on Tuesday at $2,193.5 a tonne, lead followed suit and recorded a gain of 2.13 per cent to reach $2,129 a tonne. Both copper and aluminium, however, remained volatile and closed with a marginal gain of less than one per cent in the period. Copper and alumin- ium settled on Tuesday at $7,015 a tonne and $1,837.5 a tonne from the level of $6,995.5 a tonne and $1,823.5 a tonne, respectively, a month ago. Zinc futures traded a shade lower at Rs 133.20 per kg today as speculators trimmed positions amidst a weak global trend. At the MCX, zinc for delivery in July traded lower by 30 paise, or 0.15%, to Rs 133.20 per kg in business turnover of 1,307 lots. Likewise, the metal prices for delivery in Au- gust shed 5 paise, or 0.04%, to Rs 133.95 per kg in 33 lots. Attributed the fall in zinc futures to a weak global trend where it fell from the highest since February last year as some investors judged the recent rally as excessive.
  5. 5. DAILY REPORT 02nd JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS DHANIYA BUY DHANIYA JUL ABOVE 10120 TGTS 10150,10200 SL 10070 SELL DHANIYA JUL BELOW 10925 TGTS 10895,10845 SL 10975 GUARSEED BUY GUARSEED JUL ABOVE 5635 TGTS 5665,5705 SL 5585 SELL GUARSEED JUL BELOW 5570 TGTS 5540,5490 SL 5620 NCDEX NCDEX INDICES Index Value % Change Castor Seed 4440 -0.49 Chana 2799 -3.98 Coriander 10971 -1.14 Cotton Seed Oilcake 1668 -0.48 Guarseed 5590 -3.54 Jeera 11220 -0.36 Mustard seed 3482 -1.72 Soy Bean 4045 -1.20 Sugar M Grade 3111 -0.64 Turmeric 6510 -0.97 NCDEX ROUNDUP Refined soya oil remained higher for the second day and prices rose further by 0.51% to Rs 697 per 10 kg in futures trade yesterday as speculators enlarged their positions, tracking a firm trend at spot market on rising demand. At the NCDEX, refined soya oil for delivery in July added Rs 3.55, or 0.51% to Rs 697 per 10 kg with an open interest of 53,740 lots. In a similar fashion, the oil for delivery in August contract edged up by Rs 2, or 0.29% to Rs 684.95 per 10 kg in 1,56,730 lots. Apart from firming trend at spot market on strong demand, restricted arrivals from producing belts mainly kept refined soya oil higher at futures trade. So far this kharif season, farmers have completed just 30-40 per cent of nursery sowing of onions, owing to deficient rains in major growing areas. This might lead to a shortage during seed transplantation and, consequently, lower pro- duction. Refined soya oil remained higher for the second day and prices rose further by 0.51% to Rs 697 per 10 kg in futures trade yesterday as speculators enlarged their positions, tracking a firm trend at spot market on rising demand. At the NCDEX, refined soya oil for delivery in July added Rs 3.55, or 0.51% to Rs 697 per 10 kg with an open interest of 53,740 lots. In a similar fashion, the oil for delivery in August contract edged up by Rs 2, or 0.29% to Rs 684.95 per 10 kg in 1,56,730 lots. Apart from firming trend at spot market on strong demand, restricted arrivals from producing belts mainly kept refined soya oil higher at futures trade.
  6. 6. DAILY REPORT 02nd JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 GBP/INR BUY GBP/INR ABOVE 103.58 TGTS 103.73, 103.88 SL 103.37. SELL GBP/INR BELOW 103.28 TGTS 103.13, 102.98 SL 103.49. USD/INR BUY USD/INR ABOVE 60.54 TGTS 60.69, 60.84 SL 60.33. SELL USD/INR BELOW 60.29 TGTS 60.14, 59.99 SL 60.50. CURRENCY ROUNDUP The Indian rupee rose on Tuesday tracking stronger domes- tic shares after foreign investors made their biggest single- day purchase of local stocks in nearly three weeks, while the absence of any central bank intervention also helped. The partially convertible rupee closed at 60.07/08 per dollar compared with 60.17/18 on Monday. The U.S. dollar was dull in contrast, making only slight gains on both the euro EUR= and yen JPY=. Its currency basket index .DXY inched up to 79.823 from a two-month trough of 79.740. The pound scurried as far as $1.7167 GBP=D4, its highest since October 2008. The Aussie jumped almost a cent to above 95 U.S. cents AUD=D4 for the first time since early November. It last traded at $0.9493. The Reserve Bank of India bought a net $14.51 billion in the forward market in May compared with net forward dollar sales of $6.09 billion in April, according to Reuters calcula- tions based on data available on the central bank web site. India attracted 68.09 billion rupees ($1.13 billion) worth of bids from foreign investors in its auction of government debt limits on Tuesday, higher than the 55.16 billion rupees on offer, according to three dealers. Crude oil prices dipped slightly on Tuesday on easing con- cerns of supply disruptions due to the conflicts in Iraq and Ukraine, whilst gaining some support from upbeat manufac- turing data in China, the world's second-biggest oil con- sumer. U.S. Treasuries yields rose on Tuesday after traders reconsidered bullish bets on U.S. bonds ahead of Thursday's U.S. nonfarm payrolls report, while strong U.S. and Chinese manufacturing data stymied safe-haven bids. The Reserve Bank of India said on Tuesday it accepted all 45 bids for 166.79 billion rupees ($2.78 billion) at its one-day repo auction, through which it injects liquidity into the banking system. Indian banks' refinancing with RBI rise to 323.19 billion rupees. Indian banks' cash balances with RBI rise to 3.30 trillion rupees. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 60.1370 Yen-100 59.2700 Euro 82.2830 GBP 102.8343
  7. 7. DAILY REPORT 02nd JULY 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 01/07/14 MCX GOLD AUG. BUY 27780 27820-27920 27710 NOT EXECUTED 01/07/14 MCX GOLD AUG. SELL 27540 27490-27390 27610 NOT EXECUTED 01/07/14 MCX SILVER JULY BUY 44630 44780-44890 44430 SL TRIGGERED 01/07/14 MCX SILVER JULY SELL 43750 43600-43400 43950 NOT EXECUTED 01/07/14 NCDEX GUARSEED JULY BUY 5870 5900-5950 5820 NOT EXECUTED 01/07/14 NCDEX GUARSEED JULY SELL 5755 5725-5675 5805 BOOKED FULL PROFIT 01/07/14 NCDEX DHANIYA JULY BUY 11140 11170-11120 11090 BOOKED FULL PROFIT 01/07/14 NCDEX DHANIYA JULY SELL 11055 11025-10975 11105 BOOKED FULL PROFIT 01/07/14 JPY/INR JULY BUY 59.56 60.01-60.16 59.65 BOOKED PROFIT 01/07/14 JPY/INR JULY SELL 59.56 59.41-59.26 59.77 NOT EXECUTED 01/07/14 GBP/INR JULY BUY 103.26 103.41-103.56 103.05 NOT EXECUTED 01/07/14 GBP/INR JULY SELL 102.96 102.81-102.66 103.17 BOOKED FULL PROFIT 30/06/14 MCX GOLD AUG. BUY 27800 27900-28150 2700 NO PROFIT NO LOSS 30/06/14 MCX GOLD AUG. SELL 27600 27500-27350 27720 SL TRIGGERED 30/06/14 MCX SILVER JULY BUY 44850 45050-45350 44600 NOT EXECUTED 30/06/14 MCX SILVER JULY SELL 44400 44250-43900 44750 BOOKED FULL PROFIT Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 01/07/14 NIFTY FUTURE BUY 7625 7675-7725 7575 NOT EXECUTED 01/07/14 JSWENERGY FUTURE BUY 81-82 84-85 78 CALL OPEN 01/07/14 IDFC FUTURE BUY 132-135 138-140 128 CALL OPEN 01/07/14 SONATA SOFT CASH BUY 83.75 85.25-86.75 82.25 SL TRIGGERED 26/06/14 IRB FUTURE BUY 225-228 234-238 221 BOOKED FULL PROFIT 16/06/14 HINDUNILVR FUTURE BUY 635-640 655-675 610 CALL OPEN 10/06/14 POWER GRID FUTURE SELL 135 142-145 130 BOOKED PROFIT
  8. 8. DAILY REPORT 02nd JULY 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 30 9:45 am Chicago PMI June 64.7 65.5 10 am Pending home sales May -- 0.4% TUESDAY, JULY 01 9:45 am Markit PMI June -- 57.5 10 am ISM June 55.7% 55.4% 10 am Construction spending May 0.5% 0.2% TBA Motor vehicle sales June 16.5 mln 16.8 mln WEDNESDAY, JULY 02 8:15 am ADP employment June -- 179,000 10 am Factory orders May 0.3% 0.7% THURSDAY, JULY 03 8:30 am Weekly jobless claims 6/28 N/A N/A 8:30 am Nonfarm payrolls June 220,000 217,000 8:30 am Unemployment rate June 6.3% 6.3% 8:30 am Trade balance May -$45.0 bln -$47.2 bln 10 am ISM nonmanufacturing June 56.5% 56.3% FRIDAY, JULY 04 Independence Day None scheduled

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