Stock market special report by epic research 9th april 2014


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Stock market special report by epic research 9th april 2014

  1. 1. DAILY REPORT 09th APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Asian shares rose in early trade on Wednesday after Wall Street snapped a three-day losing streak, but Japanese stocks tumbled after the yen surged on fading hopes of near-term stimulus from the Bank of Japan. Wall Street Update U.S. stocks rose on Tuesday, snapping a three-day losing streak as investors bought beaten-down social media and Internet shares The day's biggest gainers included Ama- Inc, up 2.9 percent at $327.07; Yahoo Inc, up 2.3 percent at $33.83; and LinkedIn Corp, up 5.9 percent at $169.10. The Global X social media index rose 2.4 percent to close at 18.50. But gains in the blue-chip Dow Jones in- dustrial average were capped by a decline in bank stocks. Goldman Sachs Group fell 1.3 percent to end at $156.56. JPMorgan Chase & Co slipped 0.3 percent to close at $58.85. The Dow Jones industrial average rose 10.27 points or 0.06 percent, to end at 16,256.14. The S&P 500 gained 6.92 points or 0.38 percent, to finish at 1,851.96. The Nasdaq Composite added 33.234 points or 0.81 per- cent, to close at 4,112.986. Previous day Roundup Indian markets were closed on Tuesday for a public holi- day. Markets ended flat amid a volatile trading session on Monday after elections for the 16th Lok Sabha kicked off. Meanwhile, Sun Pharma and Ranbaxy Labs hogged the limelight after Sun Pharma announced the acquisition of Ranbaxy Labs. The 30-share Sensex ended down 16 points at 22,343 after hitting an intra-day high/low of 22,482/22,197 and the 50-share Nifty ended flat at 6,695 after touching an intra-day high/low of 6,725/6,650. NSE's volatility index, or the domestic equivalent of the VIX fear gauge, surged to 25.5, in intra-day trade on Monday to mark its highest in four months on rising fears of profit- booking after a recent rally as the world's largest democ- racy goes to polls. Index stats The Market was very volatile in Monday s session. The sar- torial indices performed as follow Consumer Durables [down-83.03 pts], Capital Goods [down-10.76 pts], PSU [down-10.72 pts], FMCG [up 9.92pts], Realty [up-20.89 pts], Power [down-11.94 pts], Auto [down-13.96 pts], Healthcare [down-25.59 pts], IT [down-11.32 pts], Metals [up 24.20 pts], TECK [down 0.02 pts], Oil& Gas [down – 9.71 pts]. World Indices Index Value % Change D J l 16,256.14 +0.06 S&P 500 1,851.96 +0.38 NASDAQ 4,112.99 +0.81 EURO STO 3,177.66 -0.26 FTSE 100 6,590.69 -0.49 Nikkei 225 14,340.44 -1.82 Hong Kong 22,850.82 +1.12 Top Gainers Company CMP Change % Chg ULTRACEMCO 2217.00 66.80 3.11 AMBUJACEM 209.00 6.15 30.2 SUNPHARMA 586.95 15.15 2.65 NMDC 143.70 3.30 2.35 SSLT 194.00 3.09 2.05 Top Losers Company CMP Change % Chg JINDALSTEL 281.65 -17.88 -5.96 BHEL 177.20 -6.30 -3.43 DLF 170.50 -5.55 -3.15 IDFC 122.05 -2.90 -2.32 CIPLA 395.70 -8.40 -2.08 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg AMTEKAUTO 154.45 15.64 10.13 APOLLO TYRES 167.10 -1.10 -.66 ARVIND 181.55 -1.70 -1.70 BHARATFORGE 425.40 11.00 2.50 ADANIENT 371.30 7.70 2.07 Indian Indices Company CMP Change % Chg NIFTY 6695.05 0.70 0.01 SENSEX 22343.45 -16.05 -0.07 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg
  2. 2. DAILY REPORT 09th APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1.PFC FUTURE BUY PFC FUTURE 189 TG 190.50,192.50 SL 187 2. BHARTI AIRTEL FUTURE BUY BHARTI AIRTEL FUTURE ABOVE 322 TG 325,330 SL 316.50 EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. RCOM BUY RCOM ABOVE 136 TG 138,142 SL 133 MACRO NEWS Wind turbine maker Suzlon Group has signed an loan agreement worth Euro 850 million with a consortium of banks for funding its working capital requirements and expansion plans. "Suzlon Group's German subsidiary Sen- vion SE signed an agreement for a loan of Euro 850 mil- lion (over Rs 7,000 crore) with consortium of banks for a three year period," the Suzlon said in a statement. Coal India (CIL) has agreed to let JSW Steel use rail in- frastructure of its arm CCL so that the private firm is able to mine and transport coal from a Jharkhand block allo- cated to it for captive use. The nod follows a meeting of a high-level panel on clearing bottlenecks impeding steel projects. India's steel consumption grew by just 0.6 percent in 2013-14 fiscal, its lowest in four years, to 73.93 million tonnes (MT), mainly impacted by a slower expansion of the domestic economy and lower imports.
  3. 3. DAILY REPORT 09th 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 53.9 3,45,746 48,65,600 NIFTY PE 6,600 25.5 2,97,343 54,19,800 BANKNIFTY PE 12,500 203 17,218 2,69,875 BANKNIFTY PE 12,000 61.5 14,550 3,75,425 SBIN PE 1,900 34.95 2,757 2,48,625 RANBAXY PE 420 4 2,714 9,00,000 RANBAXY PE 440 11 2,185 4,59,000 RANBAXY PE 400 1.55 2,177 6,88,000 MOST ACTIVE CALL OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 6,800 40.35 3,14,562 37,49,650 NIFTY CE 6,700 89 2,33,209 32,43,300 BANKNIFTY CE 13,000 100 27,606 3,81,125 BANKNIFTY CE 13,500 26 14,168 3,81,300 SBIN CE 2,000 27.5 4,250 5,19,000 UNITECH CE 17 0.4 3,842 2,15,04,00 RANBAXY CE 460 8.45 3,507 7,14,000 UNITECH CE 15 1.05 2,913 2,03,52,00 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 45225 1510.94 42403 1412.59 364423 12208.29 98.35 INDEX OPTIONS 296914 9827.73 309941 10233.50 1491722 49816.41 -405.77 STOCK FUTURES 76823 2739.30 88759 3183.23 1088441 37526.91 -443.92 STOCK OPTIONS 33704 1174.85 33834 1181.52 47256 1624.49 -6.68 -758.02 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 GVK coal project gets Queensland court's conditional clearance Suzlon signs Euro 850 mn loan pact with consortium of banks. Ranbaxy Labs to be delisted from bourses: ToI -Tata Steel to sell Kiwi unit for Rs 143 crore. Dhanlaxmi Bank to allot 5.96 cr preference shares to promoters at Rs 29 a share. NIFTY FUTURE BUY NIFTY FUTURE ABOVE 6765 TG 6810,68,60 SL 6715
  4. 4. DAILY REPORT 09th APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER(MAY) ABOVE 43600 TGTS 43800/44100 SL 43250 SELL SILVER(MAY) BELOW 43030 TGTS 42830/42530 SL 43350 GOLD TRADING STRATEGY: BUY GOLD(JUN) ABOVE 28600 TGTS 28680/28780 SL 28480 SELL GOLD(JUN) BELOW 28350 TGTS 28270/28170 SL 28470 COMMODITY ROUNDUP India’s gold imports in March are estimated to have risen to nearly 50 tonnes, the most since the Reserve Bank of India’s (RBI’s) import curbs came into force in May last year. This surge could have been mainly due to high im- ports during the last week of the month. With the yellow metal’s prices moderating and amid expectations that the curbs might be relaxed, market players believe gold im- ports would stay high for some time. The precious metal is understood to have arrived in large quantities through official channels, including direct import by export-oriented units, in the last week of March. The rise in flow could have also been because the five banks allowed to import gold have become more active in the business. Gold was trading near its highest in two weeks on Wednes- day, holding on to sharp overnight gains, as rising geopoliti- cal tensions over Ukraine burnished its safe-haven appeal. However, investors continued to pull money out of gold- backed exchange-traded funds, raising the risk that the price gains would be short lived. Outbound shipment of iron ore fines and pellets from Paradip port surged nearly three times to 5.6 million tonne in the year ending March 2014, from historical low 1.83 million tonne (mt) exports in the year ago period, sup- ported by weak rupee, improved supplies and demand for pellets. Out of the total export figure, around 4 mt is iron ore fines while 1.6 mt shipments were for iron ore pellets, data from port sources said. During 2012-13. Crude futures shot up on Tuesday on fears the Russian standoff in Ukraine may escalate, which could disrupt sup- ply from oil-rich Russia. On the New York Mercantile Ex- change, West Texas Intermediate crude oil for delivery in May traded at $102.30 a barrel during U.S. trading, up 1.85%. New York-traded oil futures hit a session low of $100.67 a barrel and a high of $102.49 a barrel. The May contract settled down 0.69% at $100.44 a barrel on Mon- day. Nymex oil futures were likely to find support at $99.95 a barrel, Monday's low, and resistance at $102.89 a barrel, the high from March 7. COMMODITY MCX
  5. 5. DAILY REPORT 09th APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS DHANIYA BUY DHANIYA APR ABOVE 9545 TGTS 9575,9525 SL 9495 SELL DHANIYA APR BELOW 9370 TGTS 9350,9300 SL 9420 GUARSEED BUY GUARSEED APR ABOVE 4610 TGTS 4640,4690 SL 4560 SELL GUARSEED APR BELOW 4550 TGTS 4520,4470 SL 4600 NCDEX NCDEX ROUNDUP India's oilmeal exports during the last fiscal stood was $1.87 billion down by 11%, and in terms of value it is down by 3% in rupee terms. Exports to Japan, Vietnam and Indonesia were drastically down due to increase in exports from other competing countries like Argentina and China, according to data released by Solvent Extractors' Association of India. Jeera prices dropped by 2.06% to Rs 9,735 per quintal in futures trade as speculators reduced their holdings on the back of sluggish demand in the spot market. Expectations of higher output also put pressure on jeera prices. At the NCDEX, jeera for delivery in April dropped by Rs 205, or 2.06%, to Rs 9,735 per quintal with an open inter- est of 5,724 lots Similarly, the spice for delivery in May traded lower by Rs 200, or 1.99% to Rs 9,830 per quintal in 8,433 lots. India might see the commercialization of genetically modi- fied (GM) jute in a month. Developed by the University of Calcutta, GM jute is set to be sent for commercial approval to the regulator, Genetic Engineering Approval Committee (GEAC), next month. If approved, GM jute will be the second crop of its kind after GM cotton was approved for commer- cialization in 2002. India's Rs 21,000 crore agrochemical industry is under se- vere stress for future growth due to intensified effort of the government to use tolerance protection hybrid seeds to minimize use of agro chemicals in the field. Currently, In- dia's consumption of agrochemical is one of the lowest in the world, standing at 0.6kg per hectare. This compares very poorly with other countries that have less arable land under coverage. For instance, countries like Taiwan, Japan and Korea have higher consumption than India. This again highlights the under usage of agrochemicals by Indian farm- ers and unexploited opportunity at bay for the agrochemical companies in India. Oil prices rose in Asian trade today on renewed fears about Ukraine after pro-Russian protesters seized government buildings in the eastern city of Donetsk. New York's main contract West Texas Intermediate (WTI) for May delivery rose 46 cents to $100.90 a barrel in mid-morning trade and Brent North Sea crude for May gained 31 cents to $106.13.
  6. 6. DAILY REPORT 09th APRIL 2014 YOUR MINTVISORY Call us at +91-731-6642300 JPY/INR BUY JPY-INR ABOVE 58.66 TGTS 58.79, 58.94 SL 58.41. SELL JPY-INR BELOW 58.13 TGTS 58.00,57.85 SL 58.38. USD/INR BUY USD-INR ABOVE 60.57 TGTS 60.70, 60.85 SL 60.32. SELL USD-INR BELOW 60.17 TGTS 60.04, 59.89 SL 60.42. CURRENCY ROUNDUP The Indian rupee ended weaker on Monday in cautious trading as the country kicked off a five-week election proc- ess and on importers demand for the greenback. The ru- pee's fall was further accelerated as shares fell for a third straight day retreating from record highs hit last week, with the BSE index ending down 0.07 percent.The partially con- vertible rupee closed at 60.11/12 per dollar on Monday compared with its close of 60.08/60.09 on Friday. The dollar traded lower against most major currencies on Monday on concerns that the minutes from the Federal Re- serve's March policy meeting due for release on Wednesday will reveal a less-than-stellar take on U.S. recovery. Escalat- ing Ukraine unrest softened the greenback as well. In U.S. trading on Tuesday, EUR/USD was up 0.38% at 1.3795. The dollar weakened as investors avoided the U.S. currency ahead of Wednesday's minutes of the Fed's March meeting, which should provide fresh insight as to the direction of monetary policy. The dollar was down against the yen, with USD/JPY down 1.35% at 101.70, and down against the Swiss franc, with USD/CHF down 0.50% at 0.8835. The US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.62% at 79.84. USD/INR one-year forward premium trading at 507.25 com- pared with its previous close of 502.75. In the offshore non- deliverable forwards, the one-month contract was at 60.57, while the three-month was at 61.29. The dollar fell against the yen on Tuesday as investors con- tinued to avoid the greenback ahead of the release of the Federal Reserve's March meeting minutes on Wednesday, while a Bank of Japan decision to leave policy unchanged bolstered the Japanese currency. In U.S. trading, USD/JPY was down 1.11% and trading at 101.95, up from a session low of 101.90 and off a high of 103.12. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 59.9483 Yen-100 58.1300 Euro 82.1525 GBP 99.3583
  7. 7. DAILY REPORT 09th 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 07/04/14 MCX GOLD APR. BUY 28350 28430-28530 28250 SL TRIGGERED 07/04/14 MCX GOLD APR. SELL 28080 28000-27900 28180 NOT EXECUTED 07/04/14 MCX SILVER MAY BUY 43500 43750-44100 43200 NOT EXECUTED 07/04/14 MCX SILVER MAY SELL 42700 42500-42200 4300 NOT EXECUTED 07/04/14 NCDEX GUARSEED APR.. BUY 4775 4805-4855 4725 NOT EXECUTD 07/04/14 NCDEX GUARSEED APR. SELL 4710 4680-4630 4760 BOOKED FULL PROFIT 07/04/14 NCDEX DHANIYA APR. BUY 9350 9380-9430 9300 BOOKED FULL PROFIT 07/04/14 NCDEX DHANIYA APR. SELL 9230 9200-9150 9280 NOT EXECUTED 07/04/14 EUR/INR MAR. BUY 83.36 83.49-43.64 83.11 NOT EXECUTED 07/04/14 EUR/INR MAR. SELL 82.73 82.60-82.45 82.98 NOT EXECUTED 07/04/14 GBP/INR MAR. SELL 100.50 99.92-99.77 100.30 NOT EXECUTED 07/04/14 GBP/INR MAR. BUY 100.66 100.79-100.94 100.41 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 07/04/14 IRB INFRA FUTURE BUY 110 115-118 106 BOOKED PROFIT 07/04/14 CROMPTON GRAVES FUTURE SELL 158 155-152 164 BOOKED FULL PROFIT 07/04/14 AJMERA REALITY CASH BUY 65 70-74 62 BOOKED FULL PRFIT 07/04/14 NIFTY FUTURE BUY 6700 6750-6800 6650 CALL OPEN 03/04/14 NIFTY FUTURE BUY 6750- 6780 6840-6880 6730 CALL OPEN 04/04/14 HINDUNILEVER FUTURE BUY 605-610 618-623 595 CALL OPEN 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 09th 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