Stock market special report by epic research 6th june 2014


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Epic Research provide specialized nifty future tips to nifty futures interday traders in which we give nifty levels, nifty calls along with bank nifty tips. Call 07316642300

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Stock market special report by epic research 6th june 2014

  1. 1. DAILY REPORT 06th JUNE 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance European shares held steady and were also trading mixed, with only the CAC-40 trading with marginal gains. The benchmark index was up 0.1%, while DAX was trading lower with a negative bias and FTSE was down 0.3%. Asian stock markets ended mixed with Shanghai Compos- ite gaining the most. Japanese stocks ended at near three- month highs on Thursday because of a weaker yen, but upside gains remained capped as investors turned cautious and booked profit ahead of US jobs report on Friday. The benchmark Nikkei ended 0.1% higher at 15,079.37, the highest closing level since March 11. Shanghai Composite gained 0.8% while Hang Seng ended down 0.2%. Straits Times ended flat with negative bias. Wall Street Update Wall Street closed at record highs on Thursday, with both the Dow and the S&P 500 advancing further into un- charted territory, after the European Central Bank moved to combat disinflation and investors looked to today's em- ployment report. The European Central Bank has cut the headline interest rate across the Eurozone to 0.15 percent from 0.25 percent. It is an effort to combat growing fears of deflation in the Eurozone. Previous day Roundup All the Nifty, Sensex, CNX Midcap end at record closing highs. Benchmark share indices gained momentum in the latter half of the trading session on renewed buying inter- est to end at record highs, The Sensex closed above 25,000 for the first time ever. The Sensex is up 213.68 points at 25019.51 and the Nifty is up 71.85 points at 7474.10. About 2130 shares have advanced, 883 shares declined, and 121 shares are unchanged. Index stats The Market was very volatile in last session. Except Bank Nifty, all indices end trade in the green. The sartorial indi- ces performed as follow; Consumer Durables [up 57.61pts], Capital Goods [up 161.85pts], PSU [down 132.77pts], FMCG [up pts], Realty [down pts], Power [down pts], Auto [up 114.69pts], Healthcare [up 17.39pts], IT [up 107.363ts], Metals [up 443.07pts], TECK [up 55.56pts], Oil& Gas [up 220.14pts]. World Indices Index Value % Change D J l 16836.11 +0.59 S&P 500 1940.46 +0.65 NASDAQ 4296.23 +1.05 EURO STO 3267.05 +0.90 FTSE 100 6813.49 -0..08 Nikkei 225 15068.54 -0.07 Hong Kong 23173.67 +0.28 Top Gainers Company CMP Change % Chg BPCL 617.00 41.30 +7.17 SSLT 314.95 19.65 +6.665 HINDALCO 170.5 9.80 +6.10 HINDUNILVR 636.45 31.50 +5.21 CAIRN 367.90 16.65 +4.74 Top Losers Company CMP Change % Chg M&M 1202.50 17.35 -1.42 HDFCBANK 806.75 9.95 -1.22 INDUSINDBK 534.4 5.65 -1.05 CIPLA 387.20 3.60 -0.92 BANKBARODA 883.05 7.65 -0.86 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg AMTEKAUTO 221.00 11.00 +5.24 ANDHRABANK 105.75 0.90 -0.84 BPCL 61700 41.30 +7.17 CROMPGREAVE 208.65 2.95 -1.39 ESSAROIL 99.40 2.30 +2.37 Indian Indices Company CMP Change % Chg NIFTY 7474.10 +71.85 +0.97 SENSEX 25019.51 +213.68 +0.86 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg
  2. 2. DAILY REPORT 06th JUNE 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. HIND PETRO [FUTURE] HIND PETRO FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 450 levels. We advise buying around 450-455 levels with strict stop loss 430 for the targets of 475-490 levels. 2. RELIANCE INFRA [FUTURE] REL INFRA FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 780 levels. We advise buying around 780-790 levels with strict stop loss 750 for the targets of 820-850 levels. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. PRAKASH IND PRAKASH IND strong on the chart .We advise buying around 116 level with strict stop loss 112 for the targets of 120-124 MACRO NEWS The ministry will consult prime minister's office (PMO) and finance ministry on hiking LPG and kerosene prices within the week. IFCI looking to divest stakes in non-core assets. Sebi is mulling to shorten the delisting process to two months. As per the new rules, the whole process could be completed in about two months from the day a company informs exchanges. SEBI is considering a proposal to allow large investors of publicly listed firms to sell their stake through the offer- for-sale (OFS) mechanism. Information & Broadcasting minister calls for indigeniza- tion of set-top boxes to create jobs. Unearthing a major insider trading case in shares of L&T Finance , SEBI yesterday barred a Cayman Islands-based hedge fund from Indian securities markets, while the role of other entities including some employees of investment banking major Credit Suisse are also under scanner. Rakesh Jhunjhunwala sold 1.42 crore Praj Industries shares at Rs 75 a peace.
  3. 3. DAILY REPORT 06th JUNE 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 7,200 104.15 1,56,247 23,66,700 NIFTY PE 7,000 41.1 1,05,742 35,72,950 NIFTY PE 7,100 67.85 93,888 22,72,600 BANKNIFTY PE 14,000 161 15,871 1,33,375 SBIN PE 2,500 71.85 1,579 96,875 INFY PE 2,800 34 1,383 1,14,625 TATAMOTORS PE 400 7.75 1,367 3,49,000 LT PE 1,500 38 1,348 1,64,000 MOST ACTIVE CALL OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 7,400 51.05 1,44,614 37,36,800 NIFTY CE 7,300 86 1,43,787 31,24,000 NIFTY CE 7,500 28 1,43,601 46,27,200 BANKNIFTY CE 15,500 151 12,750 2,33,200 HINDUNILVR CE 600 15 4,793 6,09,000 SBIN CE 2,700 42 2,750 2,51,750 UNITECH CE 35 0.85 2,640 57,96,000 INFY CE 3,000 72.1 2,619 2,42,875 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 34239 1281.26 58095 2171.02 258395 9711.45 -889.76 INDEX OPTIONS 277912 10310.06 262308 9686.41 1383167 51736.10 623.65 STOCK FUTURES 115680 4374.50 93571 3509.24 1501297 55318.33 865.26 STOCK OPTIONS 56813 2187.28 57140 2199.97 74168 2783.14 -12.69 TOTAL 586.46 INDICES R2 R1 PIVOT S1 S2 NIFTY 7,563.97 7,519.03 7,439.77 7,394.83 7,315.57 BANK NIFTY 15,441.98 15,362.07 15,257.23 15,177.32 15,072.48 STOCKS IN NEWS Airtel ties up with Tigo, Zantel for mobile money trans- fer. Suzlon bags Rs750cr order from ReNew Wind Power. Mahindra launches 'XUV500 Sportz' at Rs 13.68 lakh. APERC rejects Amara Raja's power distribution license request. RINL output down 11%, IT implementation, power shortage Federal Bank gets permission from RBI to open repre- sentative office in Dubai NIFTY FUTURE Nifty Future closed positive in the last trading session. We advise buying around 7550 levels with strict stop loss of 7450 for the targets of 7550-7600.
  4. 4. DAILY REPORT 06th JUNE 2014 YOUR MINTVISORY Call us at +91-731-6642300 COMMODITY MCX RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER ABOVE 40300 TGT 40500,40800 SL BELOW 40000 SELL SILVER BELOW 39900 TGT 39700,39400 SL ABOVE 40200 GOLD TRADING STRATEGY: BUY GOLD ABOVE 26020 TGT 26100,26200 SL BELOW 25920 SELL GOLD BELOW 25870 TGT 25790,25690 SL ABOVE 25980 COMMODITY ROUNDUP Snapping its losing streak, gold prices recovered by Rs 40 to Rs 27,240 per 10 grams in the national capital yesterday on emergence of buying at existing lower levels amid a better trend in global markets. However, silver lacked necessary follow-up support from industrial units and lost Rs 200 to Rs 40,500 per kg. Marketmen attributed the recovery in gold prices to revival of buying by jewellers and retail customers at prevailing levels. Besides, a better trend in global mar- kets also supported the upside. Gold in New York, which normally sets price trend in the domestic markets, rose 0.11 per cent to $1,244.90 an ounce in yesterday's trade. Nickel prices fell 0.40% to Rs 1,132.10 per kg in futures trade yesterday as speculators offloaded positions tracking a weak global trend and sluggish domestic demand. At MCX nickel for delivery in June declined by Rs 4.60, or 0.40%, to Rs 1,136.10 per kg in a business turnover of 362 lots. Simi- larly, the metal for delivery in July traded lower by Rs 3.90, or 0.34%, to Rs 1,137.70 per kg in 10 lots. Trimming of posi- tions by speculators after nickel weakened overseas as pro- duction at Vale SA's plant in New Caledonia, holder of the world's second-biggest reserves, is set to resume within 10 days, mainly put pressure on metal prices at futures trade. Meanwhile, nickel for delivery in three months dropped 0.40% to USD 18,945 a tonne on the London Metal Ex- change, down for the third straight day. Aluminium futures yesterday traded 0.27% lower at Rs 109.05 per kg as speculators reduced their positions amid weak global cues. Further, subdued demand in the domes- tic spot markets also weighed on the metal prices. At MCX aluminium for delivery in July eased by 30 paise, or 0.27%, to Rs 109.05 per kg in business turnover of two lots. The weakness in aluminium at futures trade was mostly in tune with a downtrend in base metals at the LME and subdued demand at domestic spot markets. Zinc prices drifted by 0.24% to Rs 123.35 per kg in futures trade as speculators trimmed positions after demand eased in the spot markets. Also, weak trend in other base metals in global markets influenced the sentiment. At the MCX, zinc for delivery in June shed 30 paise, or 0.24%, to Rs 123.35 per kg in a business turnover of 126 lots.
  5. 5. DAILY REPORT 06th JUNE 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS DHANIYA BUY DHANIYA JUN ABOVE 9530 TGTS 9560,9610 SL 9490 SELL DHANIYA JUN BELOW 9480 TGTS 9450,9400 SL 9530 GUARSEED BUY GUARSEED JUN ABOVE 5140 TGTS 5170,5220 SL 5090 SELL GUARSEED JUN BELOW 5035 TGTS 5005,4955 SL 5085 NCDEX NCDEX INDICES Index Value % Change Castor Seed 3996 +0.03 Chana 2827 -0.98 Coriander 9512 -0.29 Cotton Seed Oilcake 1495 +0.07 Guarseed 5060 -0.59 Jeera 10960 -0.45 Mustard seed 3413 +0.26 Soy Bean 4402 -0.43 Sugar M Grade 3038 +1.03 Turmeric 5970 -0.80 NCDEX ROUNDUP Adverse weather conditions in North India (Assam and North Bengal) is threatening to send tea prices soaring. The Indian Tea Association today said that weather conditions had taken a serious toll on North Indian tea production. During April and May, all tea districts in Assam valley wit- nessed unprecedented production decline by around 40% during April and 30% during May 2013. In addition to the sharp decline in crop, there is an escalation in the cost of field and factory inputs. The impact is clear, cost of produc- tion will increase and so will prices. Amid rising domestic demand and restricted arrivals from producing regions, chana prices rose for the third-day by adding 0.10% to Rs 2,921 per quintal in futures trade yester- day as speculators enlarged positions. At the NCDEX, chana for delivery in July added another Rs 3, or 0.10% to Rs 2,921 per quintal with an open interest of 1,16,670 lots. Similarly, the commodity for delivery in June contract edged up by Rs 2, or 0.07% to Rs 2,857 per quintal in 76,060 lots. Specula- tors said apart from a firming trend at spot market on rising demand, restricted arrivals from producing regions also in- fluenced chana prices at futures trade.
  6. 6. DAILY REPORT 06th JUNE 2014 YOUR MINTVISORY Call us at +91-731-6642300 GBP/INR BUY GBP/INR ABOVE 99.50 TGTS 99.65, 99.80 SL 99.29. SELL GBP/INR BELOW 98.92 TGTS 98.77, 98.62 SL 99.13. USD/INR BUY USD/INR ABOVE 59.46 TGTS 59.61, 59.76 SL 59.25. SELL USD/INR BELOW 58.98 TGTS 58.83, 58.68 SL 59.19. CURRENCY ROUNDUP The dollar eased against major currencies as traders tidied up books at month's end and warily awaited the ECB meet- ing next week. The US dollar index of a half dozen currency pairs was last off 0.14 percent at 80.384. The euro rose 0.24 percent to USD 1.3633. Benchmark US Treasuries yields re- treated. The yield on 10-year US Treasuries was last at 2.4750 with its price down 8/32. The rupee yesterday extended losses and fell by eight paise to end at 59.11 against the dollar dragged down by month- end importer demand of the US currency. It lost 59 paise in the past five trading sessions, logging its first weekly drop in five. In May, the rupee shed 120 paise against the dollar. The rupee yesterday commenced a little down at 59.05 a dollar from last close of 59.03 at the Interbank Forex mar- ket. It later moved in a range of 58.9250 and 59.14 before concluding at 59.11, a fall of eight paise or 0.14%. Yester- day, it was down by 10 paise or 0.17%. The rupee has fallen in five sessions out of last six. The partially convertible rupee closed at 59.10/11 per dollar compared to 59.03/04 on Thursday. On the week, the rupee fell 1 percent in its biggest weekly fall since the week to Jan. 24. On the month however, the rupee gained 2 percent. In the offshore non-deliverable forwards, the one-month con- tract was at 59.31 while the three-month was at 59.89. FIIs had pulled out Rs 522.90 cr yesterday. As per provi- sional data from bourses, FIIs bought stocks worth Rs 2,977 cr yesterday. This could have helped cap rupee's losses to some extent, say forex dealers. As forex markets were clos- ing for the day, govt data showed India's fiscal deficit during the 2013/14 fiscal year narrowed to 4.5% of GDP. Later, March quarter GDP growth came in at 4.6% year-on-year. The dollar ended Friday's session almost unchanged against the yen, after slipping lower earlier in the day following the release of some soft U.S. data on personal spending and consumer confidence. USD/JPY touched session lows of 101.51 before pulling back to 101.76 late Friday. For the week, the pair slid 0.14%. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 59.2973 Yen-100 57.8300 Euro 80.6999 GBP 99.3408
  7. 7. DAILY REPORT 06th JUNE 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 05/06/14 MCX GOLD JUNE BUY 25900 25980-26080 26800 BOOKED PROFIT 05/06/14 MCX GOLD JUNE SELL 25800 25720-25620 26900 SL TRIGGERED 05/06/14 MCX SILVER JULY BUY 39950 40150-40450 39650 BOOKED FULL PROFIT 05/06/14 MCX SILVER JULY SELL 39700 39500-39200 40000 SL TRIGGERED 05/06/14 NCDEX GUARSEED JUNE BUY 5130 5160-5210 5080 SL TRIGGERED 05/06/14 NCDEX GUARSEED JUNE SELL 5065 5035-4985 5115 BOOKED FULL PROFIT 05/06/14 NCDEX DHANIYA JUNE BUY 9570 9600-9650 9520 NOT EXECUTED 05/06/14 NCDEX DHANIYA JUNE SELL 9520 9490-9440 9570 BOOKED FULL PROFIT 05/06/14 JPY/INR JUNE BUY 58.38 58.53-58.68 58.17 NOT EXECUTED 05/06/14 JPY/INR JUNE SELL 57.97 57.82-57.67 58.18 SL TRIGGERED 05/06/14 GBP/INR JUNE BUY 99.93 100.08-100.23 99.72 NOT EXECUTED 05/06/14 GBP/INR JUNE SELL 99.55 99.40-99.25 99.76 SL TRIGGERED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 05/06/14 NIFTY FUTURE BUY 7440 7480-7520 7400 BOOKED PROFIT 05/06/14 NMDC FUTURE BUY 190-191 194-198 187 BOOKED PROFIT 05/06/14 BANK OF BARODA FUTURE BUY 885-890 920-950 850 CALL OPEN 05/06/14 AMTEK AUTO CASH BUY 211 214-218 211 BOOKED FULL PROFIT 04/06/14 COAL INDIA FUTURE BUY 390-395 405-420 380 CALL OPEN 03/06/14 ARVIND FUTURE BUY 194-195 199-204 189 BOOKED FULL PROFIT 26/05/14 EMAMI LTD CASH BUY 464 480-495 450 SL TRIGGERED
  8. 8. DAILY REPORT 06th JUNE 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 02 9:45 AM MARKIT PMI MAY -- 56.2 10 AM ISM MAY 55.2% 54.9% 10 AM CONSTRUCTION SPENDING APRIL 0.9% 0.2% TUESDAY, JUNE 03 10 AM FACTORY ORDERS APRIL -0.4% 0.9% TBA MOTOR VEHICLE SALES MAY 16.1MLN 16.0 MLN WEDNESDAY, JUNE 04 8:15 AM ADP EMPLOYMENT MAY -- 220,000 8:30 AM TRADE DEFICIT APRIL -$40.4 BLN -$40.1 BLN 8:30 AM PRODUCTIVITY Q1 -2.1% -1.7% 10 AM ISM NONMANUFACTURING MAY 55.4% 55.2% 2 PM BEIGE BOOK THURSDAY, JUNE 05 8:30 AM JOBLESS CLAIMS 5/31 N/A N/A FRIDAY, JUNE 06 8:30 AM NONFARM PAYROLLS MAY 224,000 288,000 8:30 AM UNEMPLOYMENT RATE MAY 6.4% 6.3% 3 PM CONSUMER CREDIT APRIL -- $17.5 BLN