Stock market special report by epic research 3 april 2014


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Stock market special report by epic research 3 april 2014

  1. 1. DAILY REPORT 03rd APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Asian stocks extended gains on Thursday following the previous day's rally as investors welcomed positive US data and mini-stimulus measures from China. Hong Kong's Hang Seng jumped 0.26 percent or 58.21 points at 22,582.15. Japan's Nikkei gained 0.60 percent or 89.76 points at 15,036.08. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.1 percent .MIAPJ0000PUS to brush a new four-month high. The index has rebounded about 6 percent from a five-week low hit on March 20, supported by receding tensions in Ukraine and hopes China will take steps to stimulate its sagging economy Tokyo's Nik- kei .N225 outperformed to gain 0.9 percent. Wall Street Update The S&P 500 closed at another record high on Wednesday as signs of steady private-sector hiring suggested that the economy was slowly building momentum after a winter- related pullback. That also put more focus on Friday's gov- ernment jobs data, which is among the most widely watched economic indicators. The Dow Jones industrial average rose 40.39 points or 0.24 percent, to end at 16,573. The S&P 500 gained 5.38 points or 0.29 percent, to finish at 1,890.90, a record closing high. The S&P 500 also hit an intraday record high of 1,893.17. The Nasdaq Composite added 8.416 points or 0.20 per- cent, to close at 4,276.456. Previous day Roundup Equity benchmarks continued positive momentum for yet another session on Wednesday amid positive global cues and strong inflow of foreign money. Indices ended at fresh closing high again. The Sensex rose 105.05pts to 22551.49 while the Nifty closed above the 6750 level, up 31.50 points at 6752.55. The broader markets strongly outper- formed benchmarks - the BSE Midcap and Smallcap indices gained 1.6% each. More than two shares advanced for every share declining on the BSE Index stats The Market was very volatile in yesterday’s session. The sartorial indices performed as follow Consumer Durables [up pts], Capital Goods [up 141.60pts], PSU [up 86.82pts], FMCG [down 105.01pts], Realty [up 27.54pts], Power [up 17.56pts], Auto [up 126.07pts], Healthcare [up 158.67pts], IT [up 31.55pts], Metals [down 50.87pts], TECK [up 38.19pts], Oil& Gas [up 137.36pts]. World Indices Index Value % Change D J l 16,573.00 +0.24 S&P 500 1,890.90 +0.29 NASDAQ 4,276.46 +0.20 EURO STO 3,187.45 +0.03 FTSE 100 6,659.04 +0.10 Nikkei 225 15,076.48 +0.87 Hong Kong 22,606.45 +0.37 Top Gainers Company CMP Change % Chg BANKBARODA 780.00 43.15 +5.86 IDFC 128.00 4.90 +3.98 PNB 759.00 24.00 +3.27 BHARTIARTL 324.80 9.45 +3.00 TATAMOTORS 413.50 10.35 +2.57 Top Losers Company CMP Change % Chg ASIANPAINT 523.05 13.60 -2.53 JINDALSTEEL 289.25 6.75 -2.28 ACC 1,358.25 30.85 -2.22 ITC 344.50 7.45 -2.12 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg ABB 858.60 9.25 +1.09 BANKBARODA 780.00 43.15 +5.86 DABUR 182.70 5.65 -3.00 GATI 89.25 1.70 -1.87 Indian Indices Company CMP Change % Chg NIFTY 6,752.55 +31.50 +0.47 SENSEX 22,551.49 +105.05 +0.47 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg - -
  2. 2. DAILY REPORT 03rd APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. RANBAXY RANBAXY FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 400 levels. We advise buying around 400-405 levels with strict stop loss 390 for the targets of 415-425 levels. 2. IDFC IDFC FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 130 levels. We advise buying around 128-130 levels with strict stop loss 125 for the targets of 134-138 levels. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. STRIDES ACROLAB STRIDES ACROLAB is looking strong on charts. We advise buying above 445 levels with strict stop loss of 430 for the targets of 460-480 levels. MACRO NEWS RBI Deputy Governor said banks needed to bring down the ratio of debt under the held-to-maturity category to 23% to comply with a previous mandate asking lenders to do so by the end of March. The RBI will try to manage short-term liquidity to ensure the overnight call money rate is closer to the policy repo rate, the central bank governor Raghuram Rajan said. PE firms invest $2.27 billion via 89 deals in Q1 2014. The Reserve Bank of India granted "in-principle" bank li- cences to Infrastructure Development Finance Co and mi- crofinance lender Bandhan Financial Services Ltd, ending a four-year process that left many applicants including Reliance Capital and L&T Finance disappointed. The benchmark 10-year bond yield rose about 2 basis points higher on Wednesday to 8.82 percent after the Reserve Bank of India (RBI) further narrowed the over- night borrowing window in its bi-monthly monetary policy review on Tuesday. Bharti Airtel with operations in 20 countries across Asia and Africa, and IBM announced that they have signed a new agreement to manage Airtel's infrastructure and ap- plication services in India over the next five years.
  3. 3. DAILY REPORT 03rd 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 6,700 55.6 2,50,020 46,25,500 NIFTY PE 6,600 31.35 2,08,173 51,94,000 NIFTY PE 6,500 17.1 1,12,033 43,00,800 BANKNIFTY PE 12,500 184 14,440 2,41,575 SBIN PE 1,800 14.7 2,635 1,95,625 RELIANCE PE 900 6.4 2,367 4,08,000 TCS PE 2,100 31.35 1,321 1,02,625 AXISBANK PE 1,400 23.7 1,318 1,98,250 MOST ACTIVE CALL OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 6,800 88 2,32,515 33,80,950 NIFTY CE 6,900 45.45 1,60,048 30,29,050 NIFTY CE 7,000 20.7 1,09,415 31,06,250 BANKNIFTY CE 13,000 241.5 22,688 3,53,825 SBIN CE 2,000 42.5 5,590 5,25,625 RELIANCE CE 960 27 4,149 3,79,750 TCS CE 2,200 57 2,634 1,89,250 UNITECH CE 15 0.8 2,486 1,70,04,00 0 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 46355 1556.83 40274 1331.79 388535 13095.06 225.04 INDEX OPTIONS 240439 7956.47 218730 7225.88 1338929 45098.90 730.58 STOCK FUTURES 106895 3890.63 96821 3483.69 1077307 37337.31 406.95 STOCK OPTIONS 36833 1253.81 36537 1242.39 38188 1340.09 11.42 TOTAL 1374.00 INDICES R2 R1 PIVOT S1 S2 NIFTY 6706.65 6729.6 6746.55 6769.5 6786.45 NIFTY JUNIOR 13441.4 13516.35 13561.0 13635.95 13680.6 BANK NIFTY 12468.13 12591.71 12665.93 12789.51 12863.73 STOCKS IN NEWS Wipro has made top-level management changes. Bharti Airtel renews IBM outsourcing deal for 5 years. Dabur expands packaged food business. NMDC clocks record sales, production in FY'14. IDFC to shift assets into infrastructure fund, to merge subsidiary company into parent as part of its banking plans. NIFTY FUTURE Nifty Future closed in the green in the last trading ses- sion. We advise buying around 6750-6780 levels with strict stop loss of 6730 for the targets of 6840-6880.
  4. 4. DAILY REPORT 03rd APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER(MAY) ABOVE 43230 TGTS 43530/43830 SL 42880 SELL SILVER(MAY) BELOW 43000 TGTS 42800/42500 SL 43350 GOLD TRADING STRATEGY: BUY GOLD(JUN) ABOVE 28160 TGTS 28240/28340 SL 28040 SELL GOLD(JUN) BELOW 27900 TGTS 27820/27720 SL 28020 COMMODITY ROUNDUP Faced with a 15 per cent jump in nickel prices, stainless steel finished product manufacturers are considering raising prices in phases. In 2012, India’s nickel imports stood at 2.4 million tonnes (mt), before declining to about two mt in 2013. As it is completely import-reliant, the Indian stainless steel sector revises product prices in proportion to the fluc- tuations in raw material prices. Depending upon the user segment, 0.5-4% nickel is used as an anti-corrosive agent in manufacturing stainless steel. While the utensils segment uses 0.5%, high-tensile pipe manufacturers use four per cent nickel for use in oil, gas and milk transportation. Nickel prices rose to $1,6078 a tonne on Wednesday, 15% higher than $1,3970 a tonne early this year. In India, price increased 6% in the last three months to about Rs 1,063 a kg. While other base metals, including copper and alumin- ium, have declined on weakening demand from consumer sectors, amid sustained pressure on global economic growth, nickel surged following an export ban announced by the world’s largest producer, Indonesia, 2 months ago. Copper recorded a decline of nine per cent to close at $6730 a tonne. Aluminium gained 0.6 per cent in three months, closing at $1,775 on Wednesday. Sources said Steel Authority of India Ltd has already raised its flat stainless steel (pata) prices four-five per cent in the last three months. Another primary producer, Jindal Stainless Steel, might also raise prices. Taking weak cues from global markets, aluminium prices fell by 0.33% to Rs 106 per kg in futures trading yesterday as speculators offloaded their positions. Besides, subdued de- mand in the domestic spot markets also weighed on the metal prices. At the MCX, aluminium for delivery in April declined by 35 paise, or 0.33%, to Rs 106 per kg in a busi- ness turnover of 211 lots. Similarly, the metal for delivery in May traded lower by 20 paise, or 0.19%, to Rs 107.50 per kg in five lots. The weakness in aluminium at futures trade was mostly in tune with a downtrend in metal at the LME. In a further liberalising of the norms for rough diamond im- ports, the Reserve Bank of India (RBI) has lifted restrictions on a number of mines abroad, to which advance remit- tances can be extended for such import of roughs. Banks may use their own discretion to extend advance remittance to Indian importers in favour of global miners. COMMODITY MCX
  5. 5. DAILY REPORT 03rd APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS DHANIYA BUY DHANIYA APR ABOVE 9655 TGTS 9675,9725 SL 9605 SELL DHANIYA APR BELOW 9510 TGTS 9480,9430 SL 9560 GUARSEED BUY GUARSEED APR ABOVE 4785 TGTS 4715,4765 SL 4735 SELL GUARSEED APR BELOW 4720 TGTS 4690,4640 SL 4770 NCDEX NCDEX INDICES Index Value % Change Castor Seed 4164 -0.88 Chana 3265 -0.46 Coriander 9633 -0.28 Cotton Seed Oilcake 1464 -0.07 Jeera 4765 -0.42 Maize– Feed/Industrial Grade 9915 -0.40 Mustard seed 3459 -0.14 Soy Bean 4392 +0.16 Turmeric 6310 +2.67 NCDEX ROUNDUP In the final leg of cane crushing in the country, the sugar production in the current season is still lagging by 7% com- pared to the last season. Mills across the country have pro- duced 215 lakh tonne of sugar till yet in the sugar season running from October 2013 to September 2014. Chana prices moved down by 0.73% to Rs 3,256 per quintal in futures trading yesterday after speculators trimmed posi- tions, triggered by increased supplies from producing re- gions. Expectations of higher output also put pressure on chana prices. At the NCDEX chana for delivery in April de- clined by Rs 24, or 0.73%, to Rs 3,256 per quintal with an open interest of 47,310 lots. Similarly, the commodity for delivery in May traded lower by Rs 23, or 0.69%, to Rs 3,314 per quintal in 63,890 lots. The fall in chana prices at futures trade to increased supplies from producing belts. Volumes of agricultural commodities jumped on commodity exchanges in evening trade on Tuesday, the first day of such evening trade. This followed the Forward Markets Commis- sion (FMC) allowing derivatives trade in 10 agricultural com- modities till 11:30 pm so that it could coincide with the trade in international markets. On the NCDEX total volumes for agricultural commodities in the evening session stood at Rs 552 crore, against Rs 3,960 during the day session. On the MCX, the volume for agricultural commodities during the day session was Rs 554 crore; in the evening session.
  6. 6. DAILY REPORT 03rd APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 GBP/INR SELL GBP-INR BELOW 99.83 TGTS 99.70, 99.55 SL 100.08. BUY GBP-INR ABOVE 100.50 TGTS 100.63, 100.78 SL 100.25. EUR/INR SELL EUR-INR BELOW 82.59 TGTS 82.46, 85.31 SL 82.84. BUYL EUR-INR ABOVE 83.02 TGTS 83.15, 83.30 SL 82.77. CURRENCY ROUNDUP The Indian rupee retreated after earlier hitting its highest level in eight months on Wednesday as importers rushed in to buy dollars, while traders also speculated about possible central bank intervention. The central bank is suspected to have been buying dollars in recent sessions to shore up its foreign exchange reserves, which now stand at $298.64 bil- lion, their highest since December 2011. On Wednesday however, views on whether or not the central bank had in- tervened were mixed unlike in some sessions last week, where traders suspected the central bank bought nearly $1 billion on a single day. The rupee has remained supported by a powerful rally in Indian shares, which touched a record high for an eight con- secutive session on Wednesday, on the back of strong for- eign inflows. Sentiment was also supported after the Re- serve Bank of India kept interest rates on Tuesday as widely expected as it shifts to growth from boosting inflation. The partially convertible rupee closed at 59.90/92 per dollar lit- tle changed compared to its Friday's close of 59.91/92. For- eign exchange markets were closed on Monday and Tues- day for a local holiday and annual closing of bank accounts. The euro nursed modest losses early on Thursday, having come under pressure as the market turned cautious on ex- pectations the European Central Bank may sound dovish following its policy review later in the day. The euro traded at $1.3765, having retreated from a one-week high of $1.3821. Against the yen, it dipped to 142.98 from a four- week high of 143.48. The fall in the euro helped the dollar index .DXY edge up to 80.229, although it remained in a slim range ahead of Friday's U.S. jobs data. Yield on the 10-year bond is likely to hover in the 8.86-8.87 percent range for now and may not shoot to 9 percent im- mediately. The benchmark 10-year bond yield rose about 2 basis points higher on Wednesday to 8.82 percent after the Reserve Bank of India (RBI) further narrowed the overnight borrowing window in its bi-monthly monetary policy review on Tuesday . CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 59.6463 Yen-100 57.4800 Euro 82.3920 GBP 99.2097
  7. 7. DAILY REPORT 03rd 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 02/04/14 MCX GOLD JUNE BUY 28020 28100-28200 27920 BOOKED FULL PROFIT 02/04/14 MCX GOLD JUNE SELL 27820 27740-27640 27920 BOOKED PROFIT 02/04/14 MCX SILVER MAY BUY 43020 43270-43620 42600 BOOKED PROFIT 02/04/14 MCX SILVER MAY SELL 42500 42300-42000 42850 NOT EXECUTED 02/04/14 NCDEX GUARSEED APR.. BUY 4840 4870-4920 4790 NOT EXECUTED 02/04/14 NCDEX GUARSEED APR. SELL 4750 4720-4670 4800 NO PROFIT NO LOSS 02/04/14 NCDEX DHANIYA APR. BUY 9630 9660-9710 9580 BOOKED PROFIT 02/04/14 NCDEX DHANIYA APR. SELL 9490 9460-9410 9540 NOT EXECUTED 28/03/14 USD/INR APR. SELL 60.00 59.87-59.62 60.28 NO PROFIT NO LOSS 28/03/14 USD/INR APR. BUY 60.98 61.11-61.26 60.70 NOT EXECUTED 28/03/14 EUR/INR APR. SELL 82.55 82.42-82.27 82.83 NOT EXECUTED 28/03/14 EUR/INR APR. BUY 83.01 83.14-83.29 82.73 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 02/04/14 NIFTY FUTURE SELL 6780- 6800 6750-6710 6825 CALL OPEN 02/04/14 SSLT FUTURE BUY 190-192 195-198 187 CALL OPEN 02/04/14 TATA MOTOR DVR FUTURE BUY 212-214 218-220 208 CALL OPEN 02/04/14 GATI LTD CASH BUY 92 96-100 88 CALL OPEN 01/04/14 BGR ENERGY CASH BUY 130-135 142-148 122 CALL OPEN 01/04/14 JINDAL STEEL FUTURE BUY 300 310-320 290 SL TRIGGERED
  8. 8. DAILY REPORT 03rd 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, MARCH 31 9:45 am Chicago PMI March 59.2 59.8 TUESDAY, APRIL 01 9:45 am Markit PMI March -- 55.5 10 am ISM March 54.0% 53.2% 10 am Construction spending Feb. 0.0% 0.1% TBA Motor vehicle sales March 15.8 mln 15.3 mln WEDNESDAY, APRIL 02 8:15 am ADP employment March -- 139,000 10 am Factory orders Feb. 0.5% -0.7% THURSDAY, APRIL 03 8:30 am Weekly jobless claims 3-22 N/A N/A 8:30 am Trade deficit Feb. -39.4 bln -$39.1 bln 10 am ISM nonmanufacturing March 53.2% 51.6% FRIDAY ,APRIL 04 8:30 am Nonfarm payrolls March 192,000 175,000