Stock market special report by epic research 4 april 2014


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Stock market special report by epic research 4 april 2014

  1. 1. DAILY REPORT 04th APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance The European Central Bank (ECB) opted to keep interest rates unchanged on Thursday, despite speculation it might lower them in an attempt to quell fears that price in- creases were either slowing down or falling into reverse. The rate was held at the record-low of 0.25%, where it has stayed since November last year. The interest rate on the ECB's deposit facility also remained unchanged at 0%. Asian markets were settling for a subdued session on Fri- day as investors counted down the hours to the U.S. jobs report, while the euro nursed a grudge after the European Central Bank opened the door to more aggressive easing, albeit not just yet. Japan's Nikkei eased 0.2%, though a softer yen provided some support. Wall Street was no live- lier, with the Dow ending flat and the S&P 500 off 0.11%. Wall Street Update U.S. stock index futures indicated a higher opening on Wall Street Friday, lifted by remarks from China's Premier Li Keqiang that the Chinese government was ready to take steps to support its economy. The Dow ended down just a fraction of a point, within about 4 points of its record closing high of 16,576.66 set on December 31. The Dow posted an all-time intraday high during the session. Previous day Roundup Equity benchmarks retreated from record highs on Thurs- day with the Nifty snapping 10-day winning streak on ac- count of profit booking in banks, oil & gas and capital goods stocks. The market fell as much as 0.8 percent intra- day but it managed to trim losses in late trade. The Sensex was down 42.42 points to close at 22509.07 while the Nifty fell 16.45 points to 6736.10 after hitting an intraday low of 6,696.90. The current rally is on the back of foreign funds and a fa- vorable election verdict could take the Nifty 7,000. Index stats The Market was very volatile in yesterday’s session. The sartorial indices performed as follow Consumer Durables [up 21.15pts], Capital Goods [down 100.85pts], PSU [down 85.46pts], FMCG [up 30.20pts], Realty [down 6.59pts], Power [down 7.73 pts], Auto [down 17.67pts], Healthcare [up 97.48pts], IT [down 1.81 pts], Metals [up 35.42pts], TECK [down 11.67pts], Oil& Gas [down 84.76pts]. World Indices Index Value % Change D J l 16,572.55 -0.00 S&P 500 1,888.77 -0.11 NASDAQ 4,237.74 -0.91 EURO STO 3,206.76 +0.61 FTSE 100 6,649.14 -0.15 Nikkei 225 15,084.21 -0.08 Hong Kong 22,562.04 -0.01 Top Gainers Company CMP Change % Chg ASIANPAINT 541.30 18.50 +3.54 JINDALSTEL 298.50 8.30 +2.86 HINDUNILVR 610.00 15.40 +2.59 LUPIN 980.20 21.40 +2.23 AMBUJACEM 205.00 4.35 +2.17 Top Losers Company CMP Change % Chg BANKBARODA 751.30 23.80 -3.07 BHEL 187.55 5.80 -3.00 DLF 171.5 5.10 -2.89 PNB 738.50 18.80 -2.48 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg ABAN 546.55 21.00 +.4.00 APOLLOTYRE 167.55 4.45 +2.73 JSWSTEEL 1057.00 25.55 +2.48 MOIL 255.20 5.95 +2.39 PTC 67.90 0.30 -0.44 Indian Indices Company CMP Change % Chg NIFTY 6,736.10 -16.45 -0.24 SENSEX 22,509.07 -42.42 -0.19 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg - -
  2. 2. DAILY REPORT 04th APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. HIND UNILEVER HIND UNILEVER FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sus- tains above 610 levels. We advise buying around 605-610 levels with strict stop loss 595 for the targets of 618-628. 2. BHEL BHEL FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it sustains below 185 levels. We advise selling around 185-188 levels with strict stop loss 192 for the targets of 182-180 levels. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. INSECTICIDES INSECTICIDES is looking strong on charts. We advise buying around 250 levels with strict stop loss of 230 for the targets of 265-280 levels. MACRO NEWS IT companies to see wage hikes between 5-10%. Cairn Energy receives two further notices from Indian tax authority. JSPL performance on both steel and power segments have been more than satisfactory, despite adverse market con- ditions. IDFC 's rating unaffected by RBI's in-principle nod for bank licence. BJP may reverse UPA’s decision on FDI in multi-brand re- tail RBI governor Raghuram Rajan is likely to come under po- litical pressure to retreat from his hawkish stance on infla- tion if BJP's prime ministerial candidate Narendra Modi wins in the general elections. World food prices rose to a 10-month high in March as crop damage from dry weather across the globe lifted the cost of everything from beef to wheat. An index of 55 food items climbed 2.3 percent to 212.8 points from a restated 208 in February, Soymeal exports to Iran hit as sanctions on Tehran ease. RBI likely to keep shoring up reserves as rupee gains: DBS Bank.
  3. 3. DAILY REPORT 04th 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 60.9 3,12,585 47,54,550 NIFTY PE 6,600 34.9 2,79,750 57,34,750 NIFTY PE 6,500 19.45 1,96,918 53,22,500 BANKNIFTY PE 12,500 241 16,900 2,88,075 SBIN PE 1,800 21.95 2,532 1,86,625 IDFC PE 120 3.4 2,293 29,80,000 RELIANCE PE 900 6.4 1,958 2,81,000 IDFC PE 130 8.75 1,399 17,96,000 MOST ACTIVE CALL OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 6,800 74.35 2,56,772 32,77,650 NIFTY CE 6,900 36 2,00,406 44,31,200 NIFTY CE 7,000 15.25 1,28,344 34,50,100 BANKNIFTY CE 13,500 60 14,973 3,17,925 IDFC CE 140 2.05 4,747 54,60,000 UNITECH CE 15 0.8 4,331 1,88,76,00 0 SBIN CE 2,000 28 4,077 5,93,125 UNITECH CE 17 0.35 3,340 1,32,00,00 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 38030 1264.61 41511 1387.15 388614 13055.58 -122.54 INDEX OPTIONS 339826 11218.56 336910 11118.42 1448207 48646.04 100.14 STOCK FUTURES 94678 3497.16 98242 3622.41 1078289 37136.56 -125.25 STOCK OPTIONS 37023 1290.19 36313 1267.15 41726 1466.01 23.04 TOTAL 124.61 INDICES R2 R1 PIVOT S1 S2 NIFTY 6656.73 6696.41 6736.58 6776.26 6816.43 BANK NIFTY 13302.41 13393.23 13495.66 13586.48 13688.91 NIFTYJUNIOR 13302.41 13393.23 13495.66 13586.48 13688.91 STOCKS IN NEWS Dabur expects FY15 volume growth at lower end of 8- 12%: Sahara must pay Rs 10Kcr as bona fide for Roy's re- lease: Crompton Greaves gets order worth USD 29 million from Indonesia. Tata Motors -Launches passenger, commercial vehi- cles at Manila International Auto Show 2014. Shobha Developers Company sold 0.92 mn square feet valued at Rs 605 cr. at average price realization of Rs 6568 per square feet. NIFTY FUTURE Nifty Future closed in the red in the last trading session. We advise buying around 6750-6780 levels with strict stop loss of 6730 for the targets of 6840-6880 levels.
  4. 4. DAILY REPORT 04th 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 42900 TGTS 42700/42400 SL 43250 GOLD TRADING STRATEGY: BUY GOLD(JUN) ABOVE 28190 TGTS 28270/28370 SL 28090 SELL GOLD(JUN) BELOW 28090 TGTS 28010/27910 SL 28200 COMMODITY ROUNDUP MCX Gold futures for June came off their highs as the global prices failed to hold onto levels near $1300 per ounce in electronic session yesterday. Bargain hunting lifted COMEX Gold futures after series of decline in last few sessions. The metal is off its seven week low and cur- rently trades at $1284, down $6.80 per ounce after hitting highs near $1395 per ounce. MCX Gold futures for June are quoting at Rs 28048 per 10 grams, almost unchanged on the day. Some selling is being attributed to the nervous- ness in global markets ahead of the US non farm payrolls tomorrow. Iron ore production is likely to grow 14% to touch 155 mn tonnes (mt) in 2014-15. For 2013-14, the production of the raw material remained flat at 136.4 mt compared to 135.8 mt in 2012-13. For 2014-15, increase in production is ex- pected to come from Goa, Karnataka and Odisha. While Goa is likely to start production in the 2nd half of the year, Odisha and Karnataka would increase their production. Amid weak global cues and subdued domestic demand, copper prices fell by 0.26% to Rs 403.65 per kg in futures trade yesterday as speculators reduced positions. At the MCX, copper for delivery in April fell by Rs 1.05, or 0.26%, to Rs 403.65 per kg in a business turnover of 891 lots. Similarly, the metal for delivery in June traded lower by Re 1, or 0.24%, to Rs 408.30 per kg in 18 lots. Analysts attributed the fall in copper futures to weak global trend as mines in Chile, the world's biggest producer, were re- turning to normal operations after the government or- dered an evacuation following an earthquake and tsunami. Aluminium prices fell by 0.23% to Rs 109.55 per kg in fu- tures trading yesterday as speculators reduced their posi- tions amid weak global cues. Further, subdued demand in the domestic spot markets also weighed on the metal prices. At the Multi Commodity Exchange, aluminium for delivery in May eased by 25 paise, or 0.23 per cent, to Rs 109.55 per kg in business turnover of nine lots. The April contract shed 15 paise, or 0.14 per cent, to Rs 108.25 per kg in 367 lots. The weakness in aluminium at futures trade was mostly in tune with a downtrend in base metals at the LME. At the LME, aluminum lost 0.2 per cent, snapping a five-day gain, the longest winning streak since September 2012. COMMODITY MCX
  5. 5. DAILY REPORT 04th APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS DHANIYA BUY DHANIYA APR ABOVE 9525 TGTS 9555,9605 SL 9475 SELL DHANIYA APR BELOW 9450 TGTS 9420,9370 SL 9500 GUARSEED BUY GUARSEED APR ABOVE 4795 TGTS 4825,4875 SL 4745 SELL GUARSEED APR BELOW 4755 TGTS 4725,4675 SL 4805 NCDEX NCDEX INDICES Index Value % Change Castor Seed 4105 -1.35 Chana 3213 -1.68 Coriander 9456 -1.57 Cotton Seed Oilcake 1474 +0.27 Jeera 4760 -0.10 Maize– Feed/Industrial Grade 9960 +0.25 Mustard seed 3465 +0.12 Soy Bean 4396 +0.26 Turmeric 6390 +1.82 NCDEX ROUNDUP Turmeric prices traded higher by 1.24% to Rs 6,354 per quintal yesterday as speculators created fresh positions, supported by rising demand in the spot market. At the National Commodity and Derivatives Exchange, turmeric for delivery in April rose by Rs 78, or 1.24%, to Rs 6,354 per quintal with an open interest of 9,360 lots. Similarly, the spice for delivery in May moved up by Rs 76, or 1.20%, to Rs 6,400 per quintal in 9,070 lots. Fresh positions built-up by speculators after demand picked up in the spot market mainly led to rise in turmeric prices at futures trade. Chana prices declined by 0.40% to Rs 3,255 per quintal in futures trading today as speculators reduced positions on sluggish demand in the spot market. At the National Com- modity and Derivative Exchange, chana for delivery in April fell by Rs 13, or 0.40%, to Rs 3,255 per quintal with an open interest of 45,630 lots. Similarly, the commodity for delivery in May contract traded lower by Rs 13, or 0.39%, to Rs 3,308 per quintal in 68,200 lots. The fall in chana prices at futures trade to sluggish demand in the spot market against ade- quate stocks position. Sugar prices rose by 0.37% to Rs 3,218 per quintal in futures trade yesterday as speculators enlarged positions, triggered by a fall in output. Also, rising demand from bulk consumers supported the upside. At the National Commodity and De- rivatives Exchange, sugar for delivery in April rose by Rs 12, or 0.37%, to Rs 3,218 per quintal with an open interest of 26,870 lots.
  6. 6. DAILY REPORT 04th APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 USD/INR BUY USD-INR ABOVE 60.60 TGTS 60.73, 60.88 SL 60.35. SELL USD-INR BELOW 60.17 TGTS 60.04, 59.89 SL 60.42. EUR/INR BUY EUR-INR ABOVE 83.30 TGTS 83.43, 83.58 SL 83.05. SELL EUR-INR BELOW 82.90 TGTS 82.77, 82.62 SL 83.15. CURRENCY ROUNDUP The Indian rupee dropped to its lowest level in a week on Thursday, in a reversal from the eight-month high hit just a day earlier, after shares retreated from a record-setting rally and as losses accelerated, with importers rushing in to buy dollars. The rupee was also hit after RBI Governor Raghuram Rajan was quoted by Mint newspaper as saying the rupee was "too strong" at 55 to the dollar. Rajan's com- ments come after he had warned on Wednesday that a gain in the rupee to 45 or 50 per dollar could hit exports, The RBI has been spotted buying dollars in the recent session to shore up its reserves and prevent excessive appreciation in the rupee. The partially convertible rupee closed at 60.165/175 per dollar, compared with its previous close of 59.90/91 close, after falling to as much as 60.2850 intraday, its weakest against the dollar since March 28. The reversal comes after the rupee had risen to as much as 59.5950 on Wednesday, its strongest since July 30. Indian shares fell on Thursday after touching their ninth consecutive record high as state- run banks such as State Bank of India slumped on concerns about losses on their debt portfolios as domestic bonds ex- tended a slide this week. Investors snapped up safe-harbor dollar positions on Thurs- day ahead of the release of the March jobs report on Friday, while a mixed bag of economic indicators suggested the U.S. economy continues improving and will require less support from the Federal Reserve. In U.S. trading on Thursday, EUR/ USD was down 0.37% at 1.3716. The Labor Department on Friday will release the March jobs report, and investors jumped into the safety of the dollar on Thursday to await the data. Many are hoping the nonfarm payrolls data will shed light as to how U.S. recovery is unfolding and indicate how fast the Federal Reserve will unwind its bond-buying program that has weakened the greenback since late 2012. The euro was narrowly higher against both the US dollar and British sterling. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 60.1245 Yen-100 57.8700 Euro 82.7412 GBP 100.0712
  7. 7. DAILY REPORT 04th 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 03/04/14 MCX GOLD JUNE BUY 28160 28240-28340 28040 BOOKED PROFIT 03/04/14 MCX GOLD JUNE SELL 27900 27820-27720 28020 NOT EXECUTED 03/04/14 MCX SILVER MAY BUY 43230 43530-43830 42880 BOOKED PROFIT 03/04/14 MCX SILVER MAY SELL 43000 42800-42500 43350 BOOKED PROFIT 03/04/14 NCDEX GUARSEED APR. BUY 4785 4715-4765 4735 NO PROFIT NO LOSS 03/04/14 NCDEX GUARSEED APR. SELL 4720 4690-4640 4770 NOT EXECUTED 03/04/14 NCDEX DHANIYA APR. BUY 9655 9675-9725 9605 NO EXECUTED 03/04/14 NCDEX DHANIYA APR. SELL 9510 9480-9430 9560 BOOKED PROFIT 03/04/14 EUR/INR MAR. SELL 82.59 82.46-85.31 82.84 NOT EXECUTED 03/04/14 EUR/INR MAR. BUY 83.02 83.15-83.30 82.77 BOOKED FULL PROFIT 03/04/14 GBP/INR MAR. SELL 99.83 99.70-99.55 100.08 NOT EXECUTED 03/04/14 GBP/INR MAR. BUY 100.50 100.63-100.78 100.25 BOOKED PROFIT Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 03/04/14 NIFTY FUTURE BUY 6750- 6780 6840-6880 6730 CALL OPEN 03/04/14 RANBAXY FUTURE BUY 400-405 415-425 390 BOOKED FULL PROFIT 03/04/14 IDFC FUTURE BUY 128-130 134-138 125 NOT EXECUTED 03/04/14 STRIDES CASH BUY 445 460-480 430 NOT EXECUTED 02/04/14 NIFTY FUTURE SELL 6780- 6800 6750-6710 6825 BOOKED PROFIT 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 BOOKED FULL PROFIT 02/04/14 GATI LTD CASH BUY 92 96-100 88 SL TRIGGERED 01/04/14 BGR ENERGY CASH BUY 130-135 142-148 122 CALL OPEN
  8. 8. DAILY REPORT 04th 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