Stock market special report by epic research 8th may 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 8th may 2014

  1. 1. DAILY REPORT 08th MAY 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance European equities inched higher on Wednesday as positive company earnings narrowly outweighed a sharp fall in Fiat shares over scepticism about its new business plan. The FTSEurofirst 300 index of top European shares ended 0.1 percent up at 1,344.65 points after falling earlier in the day to 1,337.75, the lowest since late April. Asian shares got a lift on Thursday from dovish comments by the U.S. Federal Reserve chief and upbeat Chinese trade data that suggested some signs of stabilization in the world's second-largest economy. Tokyo's Nikkei share av- erage rose 1.1% while MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.5%, inching away from five-week lows hit on Wednesday. Chinese ex- ports rose 0.9% in April from a year earlier, beating expec- tations of a 1.7% decline, while imports also overshot Wall Street Update US stocks mostly rose on Wednesday after comments from Federal Reserve Chair Janet Yellen signalled continued support for the economy, but the Nasdaq fell for a 2nd session as momentum names sold off. The DJI average rose 117.52pts or 0.72%, to close at 16,518.54. The S&P 500 gained 10.49 pts or 0.56%, to end at 1,878.21. The Nasdaq dropped 13.09pts or 0.32%, to finish at 4,067.67. Yellen's comments enabled investors to shift attention to what may be an easing of the tensions in Ukraine, as Rus- sian President Vladimir Putin called on pro-Moscow sepa- ratists in Ukraine to postpone a vote on secession just five days before it was to be held. Previous day Roundup It was another day of profit booking as Sensex lost 184 pts to end at 22323.90. The Nifty was down 62.75 points at 6652.55. About 1215 shares have advanced, 1485 shares declined, and 138 shares are unchanged. IT stocks were beaten out of shape. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 52.65pts], Capital Goods [down 20.56pts], PSU [down 10.27pts], FMCG [down 22.34pts], Realty [down 15.36pts], Power [up 3.25pts], Auto [down 93.57pts], Healthcare [down 22.32pts], IT [down 225.49pts], Metals [down 70.99pts], TECK [down 107.90pts], Oil& Gas [down 20.91pts]. World Indices Index Value % Change D J l 16518.54 +0.72 S&P 500 1878.21 +0.59 NASDAQ 4067.67 -0.32 EURO STO 3159.67 +0.31 FTSE 100 6796.44 -0.03 Nikkei 225 14186.56 +1.09 Hong Kong 21902.07 +0.72 Top Gainers Company CMP Change % Chg NTPC 116.10 1.80 +1.57 SBIN 2075.50 23.30 +1.14 SUNPHARMA 630.45 4.35 +0.69 KOTAK BANK 811.80 4.85 +0.60 BPCL 470.00 2.50 +0.53 Top Losers Company CMP Change % Chg HCLTECH 1320.20 62.35 -4.51 TECHM 1736.00 65.40 -3.63 INFY 3,066.60 98.55 -3.11 HDFC 852.30 25.25 -2.88 HINDALCO 135.15 3.55 -2.56 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg AMTEK AUTO 183.00 1.40 -0.76 DEEPKNTR 616.80 2.75 +0.45 GRANULES 396.35 1.50 +0.38 HINDPETRO 346.55 5.05 +1.48 JINDWORL 157.50 21.20 +15.55 Indian Indices Company CMP Change % Chg NIFTY 6,652.55 -62.75 -0.93 SENSEX 22,323.90 -184.92 -0.82 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg ABGSHIP 231.45 3.10 +1.36
  2. 2. DAILY REPORT 08th MAY 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. IRBINFRA [FUTURE] IRB INFRA FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 125 levels. We advise buying above 125 levels with strict stop loss 122 for the targets of 128-130 levels. 2. HCLTECH [FUTURE] HCL TECH FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it sustains below 1340 levels. We advise selling around 1340-1350 lev- els with strict stop loss 1390 for the targets of 1310-1250. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. VIMTA LABS VIMTA LABS is looking strong on charts. We advise buying around 110-112 levels with strict stop loss of 104 for the targets of 115-119-125 levels. MACRO NEWS Lupin posted a 36% rise in net profit, beating estimates, to Rs 553 cr. in Q4 against Rs 408 cr. a year earlier. Total revenue in the quarter grew 20% to Rs 3051 cr. against Rs 2,537 cr. due to growth in its formulation business. Lu- pin’s formulation business grew 20% to Rs 2760 cr. from Rs 2294 cr. and the API business jumped 20% to Rs 291.4 cr. against Rs 243.6 cr. during the quarter. UBS downgrades Infosys, cuts target. IFC, ICICI Venture eyes 35% stake in Hyderabad Health- care Co KIMS for upto Rs 250 crore. RBI asks banks not to levy penalty on pre-payment of loans. CEAT to soon produce cricket bats. Rashtriya Ispat Nigam in talks with banks to raise up to Rs 600 cr debt. IRB Infrastructure bags Rs 2,300 cr road project in Hary- ana. Jet Airways to start Kozhikode-Dammam flights from June 10. Janet Yellen said the central bank will continue to provide a high degree of monetary policy accommodation, and cited geo-political turmoil and weak housing data as risks to the US economy.
  3. 3. DAILY REPORT 08th MAY 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 6,500 161.3 50,437 41,22,750 NIFTY PE 6,700 248.1 36,973 23,00,900 NIFTY PE 6,600 202 35,867 19,86,650 BANKNIFTY PE 12,800 570 6,945 1,76,675 INFY PE 3,000 68.9 2,845 86,125 MCDOWELL-N PE 2,700 15 1,449 4,32,250 TCS PE 2,100 35.8 920 43,125 RELIANCE PE 960 45.5 858 1,79,250 MOST ACTIVE CALL OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 7,000 108 90,302 44,52,850 NIFTY CE 7,200 59 69,411 27,16,150 NIFTY CE 7,100 79.3 46,508 20,94,250 BANKNIFTY CE 13,000 675 8,703 2,10,750 INFY CE 3,200 36 2,577 1,92,625 MCDOWELL-N CE 2,850 19.55 2,405 5,12,625 RELIANCE CE 1,000 26.95 2,313 9,36,750 SBIN CE 2,100 110 2,274 3,77,500 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 39351 1313.96 54590 1825.92 279709 9307.07 -511.96 INDEX OPTIONS 186600 6489.34 216077 7351.93 1586208 52700.92 -862.59 STOCK FUTURES 72874 2242.86 84844 2582.04 1250031 37958.68 -339.18 STOCK OPTIONS 25433 807.12 26460 838.27 55662 1690.83 -31.15 TOTAL -1744.88 INDICES R2 R1 PIVOT S1 S2 NIFTY 6,747.25 6,699.90 6,671.40 6,624.05 6,595.55 BANK NIFTY 13,083.57 13,010.88 12,944.32 12,871.63 12,805.07 STOCKS IN NEWS Cognizant Q1 revenue rises 20% to $2.42 billion; Hindustan Media Ventures Q4 net profit up 20%. Future Lifestyle to acquire Spykar for Rs 100 crore Sistema seeks nod to up stake in India unit SSTL to 100% HC questions Haryana government over Reliance SEZ. Oil India buys 50% stake in Russian oil block for $85 mn. SREI Infra to raise Rs 150 cr via NCD; issue opens on May 9. NIFTY FUTURE Nifty Future closed in the red in the last trading session. We advise selling around 6700-6720 levels with strict stop loss of 6750 for the targets of 6650-6600.
  4. 4. DAILY REPORT 08th MAY 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER(JULY) ABOVE 42200 TGTS 42400/42700 SL 41900 SELL SILVER(JULY) BELOW 41900 TGTS 41700/41400 SL 42250 GOLD TRADING STRATEGY: BUY GOLD(JUN) ABOVE 28710 TGTS 28790/28890 SL 28600 SELL GOLD(JUN) BELOW 28500 TGTS 28420/28320 SL 28600 COMMODITY ROUNDUP Copper prices edged lower on Wednesday, amid ongoing concerns over the health of China's economy. Copper prices edged lower on Wednesday, amid ongoing concerns over the health of China's economy. MCX Copper for June expiry was trading at Rs 407.2 per kg, down 0.35%. The prices of Copper tested a high of Rs 410.15 per kg, and low of Rs 406.9 per kg. On the Comex division of the New York Mer- cantile Exchange, copper for July delivery declined 0.47%, or 1.4 cents, to trade at $3.043 a pound during European morning hours. Copper held in a range between $3.038 a pound and $3.062 a pound. Prices eased up 0.11%, or 0.3 cents, on Tuesday to settle at $3.057 a pound. Futures were likely to find support at $3.013 a pound, the low from May 2 and resistance at $3.082 a pound, the high from May 5. Gold was trading below $1,300 an ounce on Thursday, steadying at weaker levels after a fall of more than 1 per- cent in the previous session, when its safe-haven appeal dimmed on signs of easing tensions in Ukraine. Spot gold edged up 0.1 percent to $1,290.53 an ounce by 0022 GMT, after losing 1.4 percent on Wednesday. U.S. gold also stabi- lized after a similar drop overnight. MCX SILVERM June contract was trading at Rs 42816 up Rs 210, or 0.49 percent. The SILVERM rate touched an intraday high of Rs 42898 and an intraday low of Rs 42621. So far 12888 contracts have been traded. SILVERM prices have moved down Rs 16683, or 28.04 percent in the June series so far. Aluminium prices yesterday rose by 0.28% to Rs 106.50 per kg in futures trade as speculators enlarged positions amid a firming trend overseas. Besides, increased demand at do- mestic spot markets also influenced prices. At the Multi Commodity Exchange, aluminium for delivery in May rose by 30 paise, or 0.28%, to Rs 106.50 per kg in business turn- over of 80 lots. Similarly, the metal for delivery in June traded higher by 10 paise, or 0.09%, to Rs 107.80 per kg in one lots. The rise in aluminium prices at futures trade was mostly attributed to a firming trend in metal at the London Metal Exchange and rising demand at spot markets here. At the Multi Commodity Exchange, nickel for delivery in May rose by Rs 20.70, or 1.89%, to Rs 1,118 per kg in busi- ness turnover of 1,237 lots. Metal for delivery in June rose by a similar margin to trade at Rs 1,123.70 per kg in 43 lots. COMMODITY MCX
  5. 5. DAILY REPORT 08th MAY 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS DHANIYA BUY DHANIYA MAY ABOVE 9490 TGTS 9520,9570 SL 9440 SELL DHANIYA MAY BELOW 9400 TGTS 9370,9320 SL 9450 GUARSEED BUY GUARSEED MAY ABOVE 5510 TGTS 5540,5590 SL 5460 SELL GUARSEED MAY BELOW 5415 TGTS 5385,5335 SL 5465 NCDEX NCDEX INDICES Index Value % Change Castor Seed 4007 +1.42 Chana 2998 +0.47 Coriander 9440 -0.60 Cotton Seed Oilcake 1548 -1.02 Jeera 5465 +2.15 Maize– Feed/Industrial Grade 10730 +1.04 Mustard seed 3472 +0.73 Soy Bean 4746 +0.49 Turmeric 6608 +0.92 NCDEX ROUNDUP Government has exported 1.5 million tonnes wheat for an estimated Rs 2,590 crore out of 2 MT stocks allowed for overseas shipments from surplus stocks of Food Corpora- tion of India (FCI).The government has set a target to pro- cure 31 MT wheat in the ongoing season. Turmeric futures bounced back from losses on fresh buying at lower levels due to possible decline in sowing acreage of new season along with weak stocks in local mandies. The counter off the low of Rs 6600 level and ended the day at Rs 6728, up Rs 50 or 0.75% from last close. The open interest in the counter added 810 tonnes to 9,080 tonnes, indicating fresh buying. Jeera futures gained sharply on strong buying support amid lower arrivals in the spot markets. The NCDEX Jeera for June delivery ended the day at Rs 10,860, up Rs 110 or 1.02% from last close. The spot Jeera prices soared as re- cent spell of heavy buying is making ready stocks fall in Un- jha. The arrivals dipped to 37,000 bags, fell sharply from peak arrivals of 75,000 bags in last month. Jeera June deliv- ery rose near Rs 10,875 per quintal ended day at Rs 10,860, up Rs 110 or 1.02% from last close. The open interest added 750 tonnes to 6,954 tonnes, indicating fresh buying. U.S. wheat futures declined for the first time in four ses- sions on Wednesday, as investors sold contracts to lock in gains from a recent rally that took prices to a 14-month high in the previous session.
  6. 6. DAILY REPORT 08th MAY 2014 YOUR MINTVISORY Call us at +91-731-6642300 EUR/INR BUY EUR/INR ABOVE 84.10 TGTS 84.24, 84.39 SL 83.89. SELL EUR/INR BELOW 83.70 TGTS 83.56, 83.41 SL 83.91. GBP/INR BUY GBP/INR ABOVE 102.42 TGTS 102.56, 102.71 SL 102.21. SELL GBP/INR BELOW 102.02 TGTS 101.88, 101.73 SL 102.23. CURRENCY ROUNDUP The Indian rupee commenced yesterday on speculation Federal Reserve Chair will reiterate a pledge to keep US in- terest rates low in testimony later in the global day. More- over, HSBC services sector data boosted confidence in the market and strong equities also supported. The domestic currency opened up by 9 paise at Rs 60.02 against the US dollar and registered an intraday high and low of 59.96 and 60.12 respectively so far during the day. In the spot currency market, the Indian unit was last seen trading at 60.05, higher 6 paise or 0.10% vs. previous close at 60.11. Rupee gained on Tuesday for its fourth session in five, aided by corporate dollar sales and stronger domestic shares, although continued caution ahead of the outcome of general elections next week limited sharper gains. FIIs bought shares worth a net Rs 45.93 crore on Tuesday, 6 May 2014, as per provisional data from the stock ex- changes. At the time of writing, the S&P BSE Sensex was down 28.83 points or 0.13% to 22,479.59 while the CNX Nifty was down 9.75 points or 0.15% to 6,705.55. In the global currency market, the dollar fell against the cur- rencies of major US trading partners, especially the euro, which rose on data showing a strong European Service Sec- tor. The yen traded near Tuesday's three-week high of 101.48 per dollar and is up 0.5 percent in the past week. The dollar index, which measures the US currency's strength against major currencies, was trading at 79.13, up 0.05% from its previous close of 79.09. The Australian dollar climbed 0.3 percent to $0.9352 after local data showed that employment had risen more than expected in April. The British pound held near a five-year high against the dollar on rising expectations the Bank of England could tighten its policy before the Fed, probably early next year. With risk sentiment improving slightly, the yen stepped back from a three-week high of 101.43 yen to the dollar set on Wednesday, and traded at 101.82 yen. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 60.0399 Yen-100 59.1700 Euro 83.5840 GBP 101.9658
  7. 7. DAILY REPORT 08th MAY 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 07/04/14 MCX GOLD JUNE BUY 29060 29140-29240 28950 NOT EXECUTED 07/04/14 MCX GOLD JUNE SELL 28770 28690-28590 28890 BOOKED FULL PROFIT 07/04/14 MCX SILVER JULY BUY 42950 43150-43450 42600 NOT EXECUTED 07/04/14 MCX SILVER JULY SELL 42400 42200-41900 42700 BOOKED FULL PROFIT 07/04/14 NCDEX GUARSEED MAY BUY 5375 5405-5455 5325 BOOKED FULL PROFIT 07/04/14 NCDEX GUARSEED MAY SELL 5280 5250-5200 5330 NOT EXECUTED 07/04/14 NCDEX DHANIYA MAY BUY 9530 9560-9610 9480 SL TRIGGERED 07/04/14 NCDEX DHANIYA MAY SELL 9460 9430-9380 9510 BOOKED PROFIT 07/04/14 JPY/INR MAY BUY 59.37 59.51-59.66 59.16 NO PROFIT NO LOSS 07/04/14 JPY/INR MAY SELL 59.03 58.89-58.74 59.24 NOT EXECUTED 07/04/14 GBPINR MAY SELL 101.90 101.76-101.61 102.11 NOT EXECUTED 07/04/14 GBP/INR MAY BUY 102.40 102.54-102.69 102.19 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 07/04/14 NIFTY FUTURE BUY 6700-6720 6780-6800 6650 CALL OPEN 07/04/14 PFC FUTURE BUY 193-195 199-202 190 NOT EXECUTED 07/04/14 BHARAT FORGE FUTURE BUY 420-422 428-432 415 CALL OPEN 07/04/14 UNITED BREWER- IES CASH BUY 29-30 35-38 26 NOT EXECUTED 05/05/14 BATA INDIA FUTURE SELL 1000-1020 980-960 1040 SL TRIGGERED 16/04/14 TCS FUTURE BUY 2200-2240 2280-2300 2160 SL TRIGGERED
  8. 8. DAILY REPORT 08th MAY 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, MAY 05 10 AM ISM NONMANUFACTURING APRIL 54.3% 53.1% TUESDAY, MAY 06 8:30 AM TRADE DEFICIT MARCH -$39.8 BLN -$42.3 BLN WEDNESDAY, MAY 07 8:30 AM PRODUCTIVITY 1Q -1.1% 1.8% 8:30 AM UNIT LABOR COSTS 1Q -- -0.1% 10 AM JANET YELLEN TESTIMONY 3 PM CONSUMER CREDIT MARCH -- $16.5 BLN THURSDAY, MAY 08 8:30 AM JOBLESS CLAIMS 5/3 330,000 344,000 FRIDAY, MAY 09 10 AM JOB OPENINGS MARCH -- 4.2 MLN 10 AM WHOLESALE INVENTORIES MARCH -- 0.5%