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Stock market special report by epic research 9th july 2014


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Stock market special report by epic research 9th july 2014

  1. 1. DAILY REPORT 09th JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance The fall in global markets too may have dampened senti- ment with the major European markets losing half a per- cent. Asian stocks fell on Wednesday after U.S. stocks skidded, while a drop in U.S. Treasury yields kept up pres- sure on the dollar. MSCI's broadest index of Asia-Pacific shares outside Japan was down about 0.2% in early trade, and Japan's Nikkei stock average dropped about 0.6 percent. Wall Street Update U.S. stocks fell in a broad selloff on Tuesday, dropping for a second straight session and driving the Dow below 17,000 as investors turned cautious before the start of earnings season. The Dow Jones industrial average. DJI fell 117.59 points or 0.69%, to 16,906.62. The S&P 500 .SPX slid 13.94 points or 0.70 percent, to 1,963.71. The Nasdaq Composite .IXIC dropped 60.07 points or 1.35%, to 4,391.46. Previous day Roundup Despite accomplishing new feat in the opening trade on Tuesday, Nifty and its counterpart Sensex saw the biggest fall (in terms of points) in current calendar year. The street pressed the panic button when a sudden rush in profit-booking engulfed the market. In the mayhem that ensued, Sensex lost more than 500 points while broader markets got its share of batter ingcrashed. Since the mar- ket started falling after a rather unexciting Railway Budget, experts feel the Union Budget, to be presented on July 10 may also lead to a similar crashed. In the open- ing trade the Nifty had crossed 7800-mark for the first time. The 30-share BSE Sensex fell 517.97 points or 1.98 per- cent to close at 25582.11 after hitting an intraday low of 25495.04 (down 605 points). The 50-share NSE Nifty plunged 163.95 points or 2.11 percent to 7623.20 after seeing day’s low of 7,595.90. Meanwhile, the BSE Midcap and Smallcap indices, which rallied the most year-to- date, were down 3.6 percent and 4.2%, respectively. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 414.12pts], Capital Goods [down 803.49pts], PSU [down 428.72pts], FMCG [up 32.98pts], Realty [up 150.04pts], Power [down 152.63pts], Auto [up 367.96pts], Health- care [up 144.19pts], IT [down 100.37Pts], Metals [down 567.17pts], TECK [down 73.27pts], Oil& Gas [up 350.89pts]. World Indices Index Value % Change D J l 16906.62 -0.69 S&P 500 1963.71 -0.70 NASDAQ 4391.47 -1.35 EURO STO 3184.38 -1.44 FTSE 100 6738.45 -1.25 Nikkei 225 152554.11 -0.39 Hong Kong 23234.33 -1.30 Top Gainers Company CMP Change % Chg SUNPHARMA 728 4.50 +0.62 ITC 335 0.20 +0.06 Top Losers Company CMP Change % Chg DLF 204.20 19.05 -8.53 BHEL 243.10 21.75 -8.21 JINDALSTEL 308.00 19.90 -6.07 NMDC 171.70 10.90 -5.97 POWERGRID 137.40 8.65 -5.92 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg ABAN 882 26.10 -3.05 ASIANPAINT 589.10 4.50 -0.76 AUROPHARMA 730.25 40.30 -5.23 DABUR 192.00 1.30 -0.67 IRB 238.75 28.95 -10.81 Indian Indices Company CMP Change % Chg NIFTY 7623.20 -155.55 -2.11 SENSEX 25582.11 -517.97 -1.98 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg
  2. 2. DAILY REPORT 09th JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS 1. JUST DIAL FUTURE JUST DIAL FUTURE is looking strong, long build up has been seen. We advise buying above 1560 with SL 1530 for targets of 1590-1620. 2. VOLTAS FUTURE VOLTAS FUTURE is looking weak on charts, short build up has been seen, We advise selling around 200 with SL 208 for the targets of 192-188. 1. FRL [CASH] FRL rising wedge in daily chart. We advise selling around 125.50 level with strict stop loss 128 for the targets of 123-120.50 EQUITY CASH & FUTURE MACRO NEWS: Nearly half of India's coal-fired power plants have only enough stocks to last a week or less, a shortage that could become critical and drive up thermal coal imports by 14 per cent as weak monsoon rains are expected to cut output from hydropower. State behemoth Coal India, the world's largest coal miner, has failed to raise its output fast enough to meet demand, and millions of Indians still go without power. Rupee appreciation, wage hike may impact margins of IT cos: Barclays. Indusind Bank will announce it’s Q1 result today. AT judgment on SEBI order against FTIL Hearing starts at 10:30 am. Ministry of States Finance: Nirmala Sitharaman says no proposal to dilute government ownership in public sector banks below 50 percent ONGC makes largest overseas bond sale; raises USD 2.2 billion. RAIL BUDGET SPECIAL: The Modi government’s intent was as clear as the an- nouncements lacked clarity: that over the long term, the priority for railways is on three things: boosting the country’s freight network, spurring private invest- ment in the cash-starved operation and improving efficiency and transparency. Rail Budget yesterday had following important an- nouncements: Railways to borrow Rs 11,790cr in FY15, No hike in fares, Railways to attract FDI., Govt to expedite critical lines for coal transport, 9 bullet trains, high speed rail proposed, 10 stations to be de- veloped on global standards, Railways to earn Rs 1.64L-cr in 2014-15, 'Office on wheels' for biz travel- ers proposed, Huge computerization announced in budget, Govt to spend $10.95bn on railways in FY15, Ticket reservation system to be revamped, First bullet train on Mumbai-Ahmedabad route, Automatic clos- ing of doors announced, 'Aim to be world's largest freight carrier'. CORPORATE ACTION: Cairn India : Ex-dividend Rs 6.5/share - Mindtree : special dividend Rs 2.5/share - Tata Elxsi : Ex-dividend Rs 9/share - Tata Motors : Ex-dividend Rs 9/share - Tata Motors DVR : Ex-dividend Rs 2.1/share.
  3. 3. DAILY REPORT 09th JULY 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 7,600 134.1 2,75,985 26,50,450 NIFTY PE 7,500 95.7 2,67,411 50,99,700 BANKNIFTY PE 7,400 64.5 1,60,182 38,70,500 BANKNIFTY PE 15,000 480 14,111 4,59,300 RELIANCE PE 1,000 32 1,961 6,18,000 ITC PE 330 9.85 1,840 19,54,000 SBIN PE 2,600 110 1,624 1,96,250 INFY PE 3,300 118 1,612 86,250 MOST ACTIVE CALL OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 8,000 30.25 4,29,744 85,55,850 NIFTY CE 7,900 49.95 2,98,381 37,11,600 BANKNIFTY CE 7,800 78.95 2,05,926 41,60,500 BANKNIFTY CE 16,000 128 25,448 5,50,725 RELIANCE CE 1,040 17.1 4,357 9,03,500 SBIN CE 2,700 55.85 3,845 2,92,875 IDFC CE 150 2 3,589 29,36,000 INFY CE 3,400 97 2,842 1,71,625 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 47005 1812.11 61178 2361.73 312528 11918.16 -549.62 INDEX OPTIONS 416941 16127.17 386956 15049.59 1521932 57952.15 1077.57 STOCK FUTURES 111438 4252.06 102288 3985.51 1547285 56179.49 266.55 STOCK OPTIONS 67374 2692.80 67514 2691.45 98657 3643.17 1.35 TOTAL 795.84 INDICES R2 R1 PIVOT S1 S2 NIFTY 7,888.93 7,756.07 7,675.98 7,543.12 7,463.03 BANK NIFTY 15,656.13 15,326.82 15,108.08 14,778.77 14,560.03 STOCKS IN NEWS Hero MotorCorp commences construction of $70- million Colombian unit. Sail in India to mark its partnership with popular Eng- lish football club Manchester United. Reliance Industries' bid for early gas price hike through international arbitration may face fresh delay. IDFC pares FII limit to 51.5% ahead of banking services. Jhunjhunwala buys 2% stake in MCX; FTIL cuts stake to 24% . NIFTY FUTURE Nifty Future closed downside in the last trading session. We advise selling around 7600 levels with strict stop loss of 7650 for the targets of 7550-7500.
  4. 4. DAILY REPORT 09th JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 COMMODITY MCX RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER SEP ABOVE 45200 TGTS 45400,45700 SL 44900 SELL SILVER SEP BELOW 44550 TGTS 44350,44050 SL 44850 GOLD TRADING STRATEGY: BUY GOLD AUG ABOVE 27650 TGTS 27730,27830 SL 27550 SELL GOLD AUG BELOW 27350 TGTS 27280,27180 SL 27450 COMMODITY ROUNDUP Gold prices moved down by 0.21 per cent to Rs 27,431 per 10 gram in futures trade yesterday as participants off- loaded positions partially, taking weak cues from the global market. At the MCX gold for delivery in August con- tracts was down Rs 59, or 0.21 per cent, to Rs 27,431 per 10 gram in business turnover of 472 lots. October gold shed Rs 38, or 0.14 per cent, to Rs 27,538 per 10 gram in three lots. A weak trend in the overseas markets as investors weighed the outlook for US interest-rate policy, mainly weighed on gold prices at futures trade here. Globally, gold lost 0.25 per cent to $1,316.70 an ounce in early trade in Singapore yesterday. Gold was steady just below $1,320 an ounce as markets awaited the minutes of the Federal Reserve's June policy meeting to gauge the U.S. central bank's outlook for the economy and interest rates. Iron ore exports have shown a whopping 40.5 per cent decline in the first quarter ended June 30 this year at 1.93 million tonnes (mt). During the corresponding quarter last year, exports stood at 3.26 mt. The decline is largely attrib- uted to global slowdown in spot market prices and better prices in the domestic market owing to ban in Odisha, which led to hike in prices. Nickel prices softened by 0.29% to Rs 1,154.70 per kg in futures market yesterday as speculators trimmed positions amidst low demand from alloy-makers in the spot market. Further, weakness in base metals at LME also weighed on prices. At MCX, Nickel for delivery in July traded lower by Rs 3.40, or 0.29%, to Rs 1,154.70 per kg in a turnover of 2,278 lots. Similarly, the metal for delivery in August weak- ened by Rs 1.70, or 0.15%, to Rs 1,162.20 per kg in 68 lots. Apart subdued demand from alloy-makers in the domestic spot market, weakness in metal at the LME as investors deemed supply of the refined metal sufficient for now, even after Indonesia banned raw ore exports in January, weighed on nickel futures here. At the LME, nickel for de- livery in three months dropped 0.5% to USD 19,242 per metric tonnne.
  5. 5. DAILY REPORT 09th JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS DHANIYA BUY DHANIYA JUL ABOVE 11160 TGTS 11190,11240 SL 11110 SELL DHANIYA JUL BELOW 10985 TGTS 10955,10905 SL 11035 GUARSEED BUY GUARSEED JUL ABOVE 5630 TGTS 5660,5710 SL 5580 SELL GUARSEED JUL BELOW 5515 TGTS 5485,5435 SL 5555 NCDEX NCDEX INDICES Index Value % Change Castor Seed 4181 -2.40 Chana 2651 -1.12 Coriander 11146 +0.62 Cotton Seed Oilcake 1704 -006 Guarseed 5545 -1.42 Jeera 11200 -0.75 Mustard seed 3499 -0.71 Soy Bean 3862 -1.25 Sugar M Grade 2986 -0.47 Turmeric 6364 -0.81 NCDEX ROUNDUP India has exported 17.5 lakh tonne sugar during the first six months of the 2013-14 marketing year ending September with maximum quantity shipped to Iran, Parliament was informed today. India exported 17,53,840 tonnes during the October 2013 and March 2014 period. Sugar production of India, the world's second largest producer and biggest con- sumer, is estimated to fall at about 242 lakh tonnes in 2013- 14 marketing year (October-September) compared with nearly 252 million tonnes in the previous year. Supported by rising demand in the spot markets, potato prices were up by 3% to Rs 1,464.20 per quintal in futures trading yesterday, as speculators enlarged positions. Be- sides, restricted arrivals from producing regions buoyed the sentiments. At the MCX, potato for delivery in far-month September spurted by Rs 42.60, or 3% to Rs 1,464.20 per quintal in business turnover of 4 lots. Potato for delivery in August contracts also traded Rs 23.80, or 1.68%, higher at Rs 1,440 per quintal in one lot. Marketmen attributed the sharp rise in potato futures to rise in demand in the spot market against restricted arrivals from producing belts such as UP, Punjab and Madhya Pradesh.
  6. 6. DAILY REPORT 09th JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 EUR/INR SELL EUR/INR BELOW 81.43 TGTS 81.28, 81.13 SL 81.63. BUY EUR/INR ABOVE 81.83 TGTS 81.98, 82.13 SL 81.63. USD/INR SELL USD/INR BELOW 59.89 TGTS 59.74, 59.59 SL 60.09. BUY USD/INR ABOVE 60.19 TGTS 60.34, 60.49 SL 59.99. CURRENCY ROUNDUP The Indian rupee rose on Tuesday, snapping a three- session falling streak, as bunched-up dollar inflows due to the U.S. holiday on Friday helped offset negative sentiment due to the sharp fall in domestic shares. Dealers said lack of active dollar demand in the market from importers also helped limit the impact from weak shares and the caution ahead of the federal budget to be unveiled on Thursday. The partially convertible rupee ended at 59.78/79 per dol- lar compared with 60.0125/0225 on Monday. The unit moved in a range of 59.68 to 60.00 during the session. The bunched-up inflows from the close of U.S. markets on Friday offset the negative impact on the rupee after Indian shares slumped more than 2 percent marking their biggest single-day fall in over 10 months. Although foreign institutional investors bought shares worth $130.7 million, they sold 14.87 billion rupees ($248.45 million) in equity derivatives on Monday. In the offshore non-deliverable forwards, the one-month con- tract was at 60.05, while the three-month was at 60.62. The dollar eased and global equity markets fell on Tuesday as investors stepped back ahead of second-quarter earn- ings reports and after successive record highs last week for several major stock indices. The dollar traded largely lower against most major curren- cies on Tuesday as investors avoided the greenback ahead of the release of the Federal Reserve's June policy meeting minutes on Wednesday. Many were hoping the document would contain language indicating when interest rates may begin rising in the U.S. and avoided the greenback ahead of time. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 59.7968 Yen-100 58.7300 Euro 81.3225 GBP 102.4200
  7. 7. DAILY REPORT 09th JULY 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 08/07/14 MCX GOLD AUG. BUY 27600 27680-27780 27500 SL TRIGGERED 08/07/14 MCX GOLD AUG. SELL 27350 27280-27180 27450 NOT EXECUTED 08/07/14 MCX SILVER SEP. BUY 45250 45450-45750 44050 NOT EXECUTED 08/07/14 MCX SILVER SEP. SELL 44550 44350-44050 44850 NOT EXECUTED 08/07/14 NCDEX GUARSEED JULY BUY 5645 5675-5725 5595 BOOKED FULL PROFIT 08/07/14 NCDEX GUARSEED JULY SELL 5515 5485-5435 5565 NOT EXECUTED 08/07/14 NCDEX DHANIYA JULY BUY 11190 11220-11270 11140 NOT EXECUTED 08/07/14 NCDEX DHANIYA JULY SELL 10985 11955-11905 11035 NOT EXECUTED 08/07/14 JPY/INR JULY BUY 59.22 59.37-59.52 59.02 NOT EXECUTED 08/07/14 JPY/INR JULY SELL 58.91 58.76-58.61 59.11 SL TRIGGERED 08/07/14 GBP/INR JULY SELL 102.94 102.79-102.64 103.15 BOOKED FULL PROFIT 08/07/14 GBP/INR JULY BUY 103.22 103.37-103.52 103.01 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 08/07/14 NIFTY FUTURE BUY 7800 7850-7900 7750 SL TRIGGERED 08/07/14 LINHSFIN FUTURE BUY 332-335 345-350 320 SL TRIGGERED 08/07/14 JAIN IRRIGATION FUTURE BUY 132-133 135-138 129 SL TRIGGERED 08/07/14 KALINDEE CASH BUY 135.5 138-141.5 138 NOT EXEUCTED 07/07/14 NIFTY FUTURE BUY 7800 7850-7900 7750 SL TRIGGERED 07/07/14 TATACOMM FUTURE BUY 405-410 425-435 390 SL TRIGGERED 07/07/14 RELIANCE FUTURE BUY 1030-1040 1060-1090 1000 SL TRIGGERED 04/07/14 NIFTY FUTURE BUY 7775 7825-7875 7725 SL TRIGGERED 04/07/14 SAIL FUTURE SELL 95 92-89 98 BOOKED FULL PROFIT 03/07/14 NIFTY FUTURE BUY 7760 7810-7860 7710 SL TRIGGERED
  8. 8. DAILY REPORT 09th JULY 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, JULY 07 NONE SCHEDULED TUESDAY, JULY 08 7:30 AM NFIB SMALL BUSINESS INDEX JUNE -- 96.6 10 AM JOB OPENINGS MAY -- 4.5 MLN 3 PM CONSUMER CREDIT MAY -- $27 BLN WEDNESDAY, JULY 09 2 PM FOMC MINUTES THURSDAY, JULY 10 8:30 AM WEEKLY JOBLESS CLAIMS 7/5 N/A 315,000 10 AM WHOLESALE INVENTORIES MAY -- 1.1% FRIDAY, JULY 11 2 PM FEDERAL BUDGET JUNE -- -$117 BLN