Stock market special report by epic research 7th april 2014


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Get exclusive stock futures tips, intraday stock future tips on Indian derivatives market. Epic Research is a leading stock futures recommendation provider in indian market. Call- 07316642300

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Stock market special report by epic research 7th april 2014

  1. 1. DAILY REPORT 07th APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Asian shares traded mixed on Friday morning in quite trade as investors waited for the U.S. labor report later in the day. Australia's S&P/ASX 200 lost 0.1% and South Ko- rea's KOSPI fell 0.3%. Japan's Nikkei 225 eased down 0.44% lower, as the dollar was a touch lower against the yen. Elsewhere, Hong Kong's Hang Seng Index fell 0.25% at the end of morning trade while the Shanghai Composite gained 0.36% Wall Street Update A slide in biotech stocks pulled Wall Street and a measure of global equities lower on Friday despite a solid U.S. jobs report that weakened the dollar on views that the Federal Reserve will keep scaling back its stimulus. The FTSEuro- first 300 index .FTEU3 of European shares touched a peak last seen in 2008 on the U.S. jobs data and closed higher, for a ninth straight gain and marking the third consecutive week of higher closes. But stocks on Wall Street retreated after stabilizing earlier in the week as momentum stocks such as biotechs fell for a second straight session. The Nasdaq biotech index .NBI lost 4.01 percent, the Nasdaq composite fell 2.6 percent in its worse single-day loss in two months. Previous day Roundup Investors booked profit ahead of the weekend, which dragged the market today. The Sensex closed down 149.57 points at 22359.50, and the Nifty ended at 6694.35, down 41.75 points. About 1640 shares advanced, 1119 shares declined, and 143 shares were unchanged. A record- setting rally in Indian shares is running out of gas as the country kicks off a five-week election process on Monday. Foreign flows would remain on watch as overseas inves- tors have been heavy buyers of Indian shares, adding $119.11 mn worth of cash shares on Thursday, and bring- ing the total since February end to nearly $3.5 bn. Index stats The Market was very volatile in yesterday’s session. The sartorial indices performed as follow Consumer Durables [up 14.03pts], Capital Goods [down 89.27pts], PSU [up 4.79pts], FMCG [down 39.41pts], Realty [up 134.54pts], Power [down 14.40pts], Auto [down 134.54pts], Health- care [down 4.58pts], IT [down 85.52pts], Metals [up 25.29pts], TECK [down 45.95pts], Oil& Gas [down 48.09 pts]. World Indices Index Value % Change D J l 16,412.71 -0.96 S&P 500 1,865.09 -1.25 NASDAQ 4,127.73 -2.60 EURO STO 3,230.33 +0.74 FTSE 100 6,695.55 +0.70 Nikkei 225 15,063.77 -0.05 Hong Kong 22,510.08 -0.24 Top Gainers Company CMP Change % Chg DLF 175.50 3.75 +2.18 CIPLA 405.00 8.60 +2.17 PNB 753.85 12.20 +1.64 INDUSINDBK 501.25 5.60 +1.13 TATASTEEL 401.95 4.30 +1.08 Top Losers Company CMP Change % Chg BHEL 183.00 4.35 -2.32 NTPC 120.30 2.70 -2.20 POWERGRID 106.50 2.20 -2.02 HCLTECH 1,397.5 26.80 -1.88 MCDOWELL-N 2,638.85 48.75 -1.81 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg APOLLOTYRE 166.80 0.10 -0.06 BEML 337.00 32.35 +10.62 CENTURYTEX 374.80 11.60 +3.19 HDIL 69.45 9.75 +16.33 JSWSTEEL 1067.00 9.85 +0.93 Indian Indices Company CMP Change % Chg NIFTY 6694.35 -41.75 -0.62 SENSEX 22,359.50 -149.57 -0.66 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg
  2. 2. DAILY REPORT 07th APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. IRB INFRA IRB INFRA FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 110 levels. We advise buying around 110-112 levels with strict stop loss 106 for the targets of 115-118 levels. 2. CROMPTON GREAVES CROMPTON GREAVES FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it sustains below 160 levels. We advise selling around 158 -160 levels with strict stop loss 164 for the targets of 155- 152 levels. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. AJMERA REALTY AJMERA REALITY is looking strong on charts. We advise buying around 65 -68 levels with strict stop loss of 62 for the targets of 70-74 levels. MACRO NEWS The government's FY15 borrowing calendar began yester- day – the first round of auction will be around Rs 16,000 cr. The 10-year bond yields inched past the 9 percent mark on Thursday evening and it continues to hold around the same levels. Raghuram Rajan has suggested new banking licence aspi- rants to consider applying for a differentiated licence in- stead of a full licence, indicating that the regulator may be willing to dole out such permits when it approves the next set of licences. Shifting focus to retail inflation, the Reserve Bank said it will compute and release Real Effective Exchange Rate (REER) only on the basis of the Consumer Price Index (CPI) as the price index for India from this financial year. The general elections have put the brakes on mergers and acquisitions activity in the power and infrastructure space . Infrastructure developers, which were frantically scouting for investors, are now pushing negotiations until after the elections.
  3. 3. DAILY REPORT 07th 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 60.25 2,85,659 47,05,200 NIFTY PE 6,600 32 2,27,074 54,50,950 NIFTY PE 6,500 16.15 2,15,367 49,96,050 BANKNIFTY PE 12,000 69 19,266 3,51,400 SBIN PE 1,900 45 3,367 2,15,500 RELIANCE PE 420 9.05 1,607 4,39,000 TCS PE 1,200 17.35 1,318 2,30,000 ICICIBANK PE 940 17.25 1,237 2,42,500 MOST ACTIVE CALL OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 6,800 53.2 2,79,728 35,77,650 NIFTY CE 6,900 22.1 1,93,481 49,00,500 NIFTY CE 7,000 9.1 1,22,451 36,74,600 BANKNIFTY CE 13,000 143.2 35,140 3,49,800 SBIN CE 2,000 28 4,322 5,76,500 UNITECH CE 15 1.25 4,297 2,10,12,00 0 RANBAXY CE 500 16 3,077 13,22,000 DLF CE 180 7.5 2,847 29,38,000 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 32392 1065.04 50261 1664.36 356723 11968.08 -599.32 INDEX OPTIONS 340312 11189.95 331964 10900.46 1487723 49686.48 289.49 STOCK FUTURES 73509 2708.41 93775 3367.72 1088711 37604.38 -659.32 STOCK OPTIONS 35412 1214.01 34130 1174.31 47186 1632.33 39.69 TOTAL -929.45 INDICES R2 R1 PIVOT S1 S2 NIFTY 6650.41 6672.38 6707.11 6729.08 6763.81 NIFTYJUNIOR 13371.71 13429.43 13487.81 13545.53 13603.91 BANK NIFTY 12320.7 12436.2 12546.35 12661.85 12772.0 STOCKS IN NEWS Videocon eyes Rs 1,000 cr turnover from AC business. L&T's decision to trim its order book by potentially 10% has heightened concerns that other capital goods and engineering companies may also be carrying or- ders that may not take off and would have to be even- tually struck down. IDBI Bank collects Rs 2 trillion in taxes in FY14. Crompton Greaves gets order worth USD 29 million from Indonesia NIFTY FUTURE Nifty Future closed in the red in the last trading session. We advise buying around 6700 levels with strict stop loss of 6650 for the targets of 6750-6800 levels.
  4. 4. DAILY REPORT 07th APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER(MAY) ABOVE 43500 TGTS 43750/44100 SL 43200 SELL SILVER(MAY) BELOW 42700 TGTS 42500/42200 SL 43000 GOLD TRADING STRATEGY: BUY GOLD(APR) ABOVE 28350 TGTS 28430/28530 SL 28250 SELL GOLD(APR) BELOW 28080 TGTS 28000/27900 SL 28180 COMMODITY ROUNDUP The MEPS BRIC average transaction price, measured in US dollars, increased for all eight finished carbon steel product types published in MEPS Developing Markets’ Steel Review. Indian distributors remain cautious about the strength of underlying consumption in the April-June period. Deliveries to downstream industries were disrupted by the Holi festi- val and the close proximity of the general election. Gold futures jumped ahead of the US non-farm payrolls data today, which if weak could boost gold's appeal as a safe-haven and if strong could prompt speculation that the Fed could lift rates earlier than previously expected. Gold for June delivery is trading up $9 at $1294 an ounce on the Comex division of the New York Mercantile Exchange. Yes- terday, the metal dropped $6.20 per ounce, failing to hold on to highs near $1300 mark. MCX Gold is quoting at Rs 28187, up Rs 55 per 10 grams on the day. The prices of Copper on MCX can show some more gains for the second day in the running. The prices of MCX Copper were trading at Rs 407.7 per kg, up Rs 1.75 per kg. The prices are likely to move beyond Rs 410 per kg in the last day trades today. COMEX Copper on the other hand was trading at $ 3.04 per pound, 1 cent. The quake in the world's top mining supplier Chile has shown a ray of hope for Copper. International Lead and Zinc study group showed that the Zinc markets were in deficit of 60000 tonnes in the year 2013. The data has been in deficit after six consecutive years of surplus in the metal. This is expected to assist Zinc in the coming days. MCX Zinc was trading at Rs 121.1 per kg, up 0.67%. The prices tested a high of Rs 121.2 and a low of Rs 120 per kg. MCX Copper futures surged well above Rs 400 per kg today, adding up impressive gains following a continued recovery in global prices. The earthquake in Chile along with a steady undertone in global markets pushed up the commodity af- ter mild losses in last session. A reassurance from the Chi- nese central bank about the economy also supported senti- ments for the red metal. COMEX Copper is quoting at $3.0520, up 0.83% on the day. MCX Copper is quoting at Rs 408.20, up Rs 2.30 per kg on the day with a 4.40% increase in the open interest. MCX Copper futures surged well above Rs 400 per kg today, adding up impressive gains following a continued recovery in global prices. COMMODITY MCX
  5. 5. DAILY REPORT 07th APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS DHANIYA BUY DHANIYA APR ABOVE 9350 TGTS 9380,9430 SL 9300 SELL DHANIYA APR BELOW 9230 TGTS 9200,9150 SL 9280 GUARSEED BUY GUARSEED APR ABOVE 4775 TGTS 4805,4855 SL 4725 SELL GUARSEED APR BELOW 4710 TGTS 4680,4630 SL 4760 NCDEX NCDEX INDICES Index Value % Change Castor Seed 4098 -0.44 Chana 3164 -1.68 Coriander 9290 -2.21 Cotton Seed Oilcake 1462 -0.95 Jeera 4735 -0.73 Maize– Feed/Industrial Grade 9955 -0.15 Mustard seed 3463 -0.03 Soy Bean 4395 0.15 Turmeric 6180 -2.89 NCDEX ROUNDUP Commodities has begun on a quiet note in April with a boost given to grain sector from two US government re- ports that showed alarmingly low inventories, energy sector weakened while industrial and precious metals sectors showed strong performance. World food prices rose to a ten-month high in March as crop damages from dry weather across the globe, a freezing cold winter in the US and geopolitical tensions in the Black Sea region lifted the cost of many food items from beef to wheat. The World Food Price Index from the UN Food & Agriculture Organization, which tracks the price develop- ments in 55 food items, rose by 2.3 percent to the highest level since last May. The index currently at 212.8 has been range bound between 200 and 220 since peaking at 240 in 2010, the year when food security was top of the agenda following a surge in price of key foods and which indirectly led to the Arab Spring uprising in December that year. Amid strong domestic and export demand, mentha oil rose for the third-day by rising 0.43% to Rs 879.10 per kg in fu- tures trade today as speculators enlarged positions At the Multi Commodity Exchange, mentha oil for delivery in May gained Rs 3.80, or 0.43% to Rs 879.10 per kg in business turnover of 43 lots. Similarly, the oil for delivery in April traded higher by Rs 3.40, or 0.39% to Rs 867.10 per kg in 349 lots .
  6. 6. DAILY REPORT 07th APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 EUR/INR SELL EUR-INR BELOW 82.73 TGTS 82.60, 82.45 SL 82.98. BUY EUR-INR ABOVE 83.36 TGTS 83.49, 83.64 SL 83.11. GBP/INR SELL GBP-INR BELOW 100.05 TGTS 99.92, 99.77 SL 100.30. BUY GBP-INR ABOVE 100.66 TGTS 100.79, 100.94 SL 100.41 CURRENCY ROUNDUP The Indian rupee ended stronger on Friday after trading weaker for most part of the session on the back of a retreat in domestic shares from record highs and caution ahead of the U.S. monthly jobs data. Lack of large demand and for- eign bank selling of the greenback in late trade helped the rupee notch up some gains, traders said. The week, how- ever, was volatile and was also marked by heavy dollar buy- ing by the central bank looking to replenish its foreign ex- change reserves and slow down the rise in the rupee. Till now, in the case of India, the RBI was providing the REER index using the Wholesale Price Index (WPI) for India and CPI for partner countries. The RBI released a monthly series on CPI-based REER for both six-currency and 36-currency baskets for the period April 2004 to March 2014. It said from this financial year, only the CPI-based REER would be compiled and released. The dollar fell against other major currencies on Friday after rising in early trading even though U.S. data showed solid jobs gains for a second straight month. The March jobs re- port was generally in line with market expectations and eases the way for the Federal Reserve to keep cutting back its bond-buying program, analysts and strategists said. The dollar index .DXY was off 0.07 percent at 80.415 after touch- ing 80.599, its highest since February 27. Friday's decline ended a three-day run of gains for the index, which is com- posed of six major currencies traded against the dollar, but didn't erase an overall rise for the week. The greenback has been mostly rising since mid-March but was down 0.17 percent on Friday against the euro at $1.3695 and off 0.61 percent against the yen at 103.29 yen after hitting a session high of 104.12 after the employment report .U.S. nonfarm payrolls increased by 192,000 jobs last month after rising 197,000 in February, the Labor Depart- ment said. The unemployment rate was unchanged at 6.7 percent, as Americans flooded the labor market. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 60.3210 Yen-100 58.1000 Euro 82.6545 GBP 100.0363
  7. 7. DAILY REPORT 07th 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 04/04/14 MCX GOLD APR. BUY 28190 28270-28370 28090 SL TRIGGERED 04/04/14 MCX GOLD APR. SELL 28090 28010-27910 28200 SL TRIGGERED 04/04/14 MCX SILVER MAY BUY 43230 43530-43830 42880 SL TRIGGERED 04/04/14 MCX SILVER MAY SELL 42900 42700-42400 43250 NOT EXECUTED 04/04/14 NCDEX GUARSEED APR.. BUY 4795 4825-4875 4745 NOT EXECUTED 04/04/14 NCDEX GUARSEED APR. SELL 4755 4725-4675 4805 BOOKED PROFIT 04/04/14 NCDEX DHANIYA APR. BUY 9525 9555-9605 9475 NOT EXECUTED 04/04/14 NCDEX DHANIYA APR. SELL 9450 9420-9370 9500 BOOKED FULL PROFIT 04/04/14 USD/INR MAR. BUY 60.60 60.73-60.88 60.35 SL TRIGGERED 04/04/14 USD/INR MAR. SELL 60.17 60.04-59.89 60.42 NOT EXECUTED 04/04/14 EUR/INR MAR. SELL 82.90 82.77-82.62 83.15 BOOKED PROFIT 04/04/14 EUR/INR MAR. BUY 83.50 83.43-83.58 83.05 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 04/04/14 NIFTY FUTURE BUY 6750- 6780 6840-6880 6730 CALL OPEN 04/04/14 HINDUNILEVER FUTURE BUY 605-610 618-623 595 CALL OPEN 04/04/14 BHEL FUTURE SELL 185-188 182-180 192 NOT EXECUTED 04/04/14 INSECTICIDES CASH BUY 250 265-280 230 NOT EXECUTED 03/04/14 NIFTY FUTURE BUY 6750- 6780 6840-6880 6730 CALL OPEN 02/04/14 SSLT FUTURE BUY 190-192 195-198 187 CALL OPEN 01/04/14 BGR ENERGY CASH BUY 130-135 142-148 122 CALL OPEN
  8. 8. DAILY REPORT 07th 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, APRIL 07 3 PM CONSUMER CREDIT FEB. -- $13.7 BLN TUESDAY, APRIL 08 7:30 AM NFIB SMALL BUSINESS INDEX MARCH -- 91.4 10 AM JOB OPENINGS FEB. -- 4 MLN WEDNESDAY, APRIL 09 10 AM WHOLESALE INVENTORIES FEB. -- 0.6% 2 PM FOMC MINUTES 3/19 -- THURSDAY, APRIL 10 8:30 AM JOBLESS CLAIMS 4/10 N/A N/A 8:30 AM IMPORT PRICE INDEX MARCH -- 0.9% 2 PM FEDERAL BUDGET MARCH -$107 BLN FRIDAY ,APRIL 11 8:30 AM PRODUCER PRICE INDEX MARCH -- -0.1% 9:55 AM UMICH CONSUMER SENTIMENT APRIL -- 80.0