Stock market special report by epic research 9th 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 9th may 2014

  1. 1. DAILY REPORT 09th MAY 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Asian shares got off to a lackluster start on Friday after a flat performance on Wall Street, with a tense situation in Ukraine adding to the cautious mood ahead of China infla- tion data later in the day. MSCI's broadest index of Asia- Pacific shares outside Japan. MIAPJ0000PUS was down 0.1 % in early trading, while Japan's Nikkei stock aver- age .N225 shed 0.3%. But European shares .FTEU3 climbed 1.1% after ECB's. Stock markets around the world mostly rose on Thursday, gaining on positive comments from central banks, though U.S. shares ended flat as an early rally faded. European shares .FTEU3 climbed 1.1 percent after European Central Bank President Mario Draghi was seen as opening the door to more stimulus measures in June. Wall Street Update U.S. stocks were set to open little changed on Thursday, after initial jobless claims data pointed to a possible strengthening in the labor market and ahead of testimony by Federal Reserve Chair Janet Yellen. U.S. stocks mostly fell on Thursday with the Nasdaq Composite .IXIC ending lower for a third straight session, its longest losing streak since early April. The Dow Jones industrial average .DJI ended up 32.43 points, or 0.20 percent, at 16,550.97. The Standard & Poor's 500 Index .SPX was down 2.58 points, or 0.14 per- cent, at 1,875.63. The Nasdaq Composite Index .IXIC was down 16.18 points, or 0.40 percent, at 4,051.50. Previous day Roundup After an initial surge, the market failed to make any head- way. Investors have their eyes fixed on the election results as volumes remained thin in trade today. The Sensex was up 20.14 points to end 22344.04 and the Nifty was up 7.30 points at 6659.85. About 1312 shares advanced, 1400 shares declined, and 135 shares were unchanged. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 88.88pts], Capital Goods [up 46.93pts], PSU [down 8.88pts], FMCG [down 54.58pts], Realty [down 12.64pts], Power [up 3.72pts], Auto [up 76.35pts], Healthcare [down 33.99pts], IT [up 20.71pts], Metals [up 13.65pts], TECK [up 4.89pts], Oil& Gas [down 20.17pts]. World Indices Index Value % Change D J l 16550.97 +0.20 S&P 500 1875.63 -0.14 NASDAQ 4051.50 -0.40 EURO STO 3204.3 +1.41 FTSE 100 6839.25 +0.63 Nikkei 225 14246.45 +0.58 Hong Kong 21873.12 +0.16 Top Gainers Company CMP Change % Chg BHEL 185.10 6.70 +3.76 HCLTECH 1345.00 24.20 +1.83 TATMOTORS 423.85 7.15 +1.72 POWERGRID 104.20 1.20 +1.66 HINDALCO 137.10 1.90 +1.41 Top Losers Company CMP Change % Chg BPCL 463.60 8.75 -1.85 HEROMOTOCO 2129.00 29.25 -1.36 ITC 342.00 4.65 -1.34 LUPIN 978.35 11.65 -1.18 BHARTIARTL 308.00 3.00 -0.96 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg AMTEKAUTO 183.50 0.55 -0.30 ARVIND 197.60 7.50 +3.95 BAJAJELEC 324.00 9.55 +3.04 KRBL 64.15 0.20 +0.31 SHASUNPHAR 162.80 12.85 +8.57 Indian Indices Company CMP Change % Chg NIFTY 6,659.85 +20.14 +0.11 SENSEX 2,344.04 +7.30 +0.09 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg ABGSHIP 218.5 3.70 -1.67
  2. 2. DAILY REPORT 09th MAY 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. ARVIND [FUTURE] ARVIND FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 197 levels. We advise buying around 197-198 levels with strict stop loss 195 for the targets of 200-202 levels. 2. UPL [FUTURE] UPL FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it sustains below 270 levels. We advise selling around 270-272 levels with strict stop loss 275 for the targets of 265-260 levels. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. PANACEA BIOTECH PANACEA BIOTECH is looking strong on charts. We advise buying around 175-178 levels with strict stop loss of 170 for the targets of 182-185-188 levels. MACRO NEWS Results Today: Ranbaxy, Eicher Motors, Andhra Bank, Corp Bank, Chambal Fert, GSK Con, HT Media, NIIT and Torrent Pharma. New government expected to open Indian iron ore mines. CIL tweaks basis to determine security deposit for power Cos. HDFC chairman Deepak Parekh will present a blueprint to finance the country's ambitious plan to build new infra- structure worth one trillion dollars during the Twelfth Five Year Plan soon after the next government takes charge. Glenmark Pharmaceuticals posted consolidated net profit of Rs 43.41 crore for the fourth quarter ended March 31, 2014. The company had posted 175.12 crore in the same quarter of the previous fiscal, 2012-13. SEBI exempts Etihad from share tender offer w.r.t. stake buy in Jet Airways. Competition Panel Approves sale of 2 projects of JP Power to TAQA. SREI Infra to raise Rs 150 Cr via NCD; issue opens on to- day. Jet Airways transfers frequent flyer programme to Jet Privilege.
  3. 3. DAILY REPORT 09th 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 6,500 166.8 50,376 40,40,950 NIFTY PE 6,000 40.75 38,653 37,00,350 NIFTY PE 6,400 132 36,670 42,59,200 BANKNIFTY PE 13,000 663.7 3,883 2,22,500 INFY PE 3,000 71.1 1,298 83,250 SBIN PE 2,100 133.65 1,077 82,750 ICICIBANK PE 1,300 79.4 940 1,73,000 MCDOWELL-N PE 2,700 18.2 852 4,40,000 MOST ACTIVE CALL OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 7,000 115.45 83,480 51,05,200 NIFTY CE 7,500 23.8 59,752 31,24,500 NIFTY CE 7,200 63.2 50,907 28,20,150 BANKNIFTY CE 13,500 510 7,413 2,68,275 RELIANCE CE 1,000 30.2 3,950 10,26,250 SBIN CE 2,100 135.1 3,431 5,39,250 ICICIBANK CE 1,300 72 2,243 6,16,750 MCDOWELL-N CE 2,800 29 1,801 5,15,625 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 29475 980.69 38462 1280.87 266274 8868.55 -300.19 INDEX OPTIONS 148313 4998.90 165629 5721.19 1664874 55388.26 -722.29 STOCK FUTURES 61850 1894.06 72480 2213.11 1256749 38193.92 -319.05 STOCK OPTIONS 23246 731.10 24735 779.46 60147 1814.53 -48.36 TOTAL -1389.89 INDICES R2 R1 PIVOT S1 S2 NIFTY 6,712.12 6,685.98 6,662.27 6,636.13 6,612.42 BANK NIFTY 13,771.49 12,728.49 12,728.49 12,361.48 11,685.49 STOCKS IN NEWS NDMC increases parking rates at Janpath, Ba- rakhamba. ITC in talks to acquire juice brand B Natural. Airtel, Vodafone, Idea set for windfall on intra-circle roaming. Tata Motors raises $300 million via debt securities. Welspun Renewables receives ISO certification. RCom corporate business revenue likely up 24%. Vontobel Funds Inc sells 10 lakh shares at Rs 1265/sh of Shriram City Union. 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 09th MAY 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER(JULY) ABOVE 41900 TGTS 42100/42400 SL 41580 SELL SILVER(JULY) BELOW 41580 TGTS 41380/41080 SL 41900 GOLD TRADING STRATEGY: BUY GOLD(JUN) ABOVE 28630 TGTS 28710/28810 SL 28500 SELL GOLD(JUN) BELOW 28450 TGTS 28370/28270 SL 28550 COMMODITY ROUNDUP The prices of MCX Copper are static in the evening trades. Benchmark June expiry Copper was trading at Rs 405.65 per kg, up 0.07%. The concerns of Chinese economy slower growth are weighing on Copper. In another news, China's largest nickel manufacturer, Jinchuan Group, has increased its nickel price by 3% so far this month. The new benchmark price stood to RMB 128300 per ton on May 7th, up by RMB 500 per ton from the previous day. Because of higher nickel pig iron prices, demand from stainless steel has raised as well, said the company. Sugar shipments from India, the second biggest producer, have slowed after domestic prices climbed to a 15-month high and as a delay in announcement of export incentives deters traders, the largest refiner said. Exports could total 300,000 tonnes in the six months through September, com- pared with 1.5 million tonnes (mt) in the prior six months, Narendra Murkumbi, managing director of Shree Renuka Sugars, said in a phone interview on May 5. Oil prices rose in Asian trade yesterday ahead of the US De- partment of Energy's crude stockpiles report and a testi- mony in Congress by Federal Reserve chief Janet Yellen. The US benchmark, WTI for June delivery, gained 55 cents to $100.05 a barrel in mid-morning trade, while Brent North Sea crude for June rose 24 cents to $107.30. Zinc futures prices yesterday edged up by 0.61% to Rs 123.50 per kg yesterday as participants created speculative positions, amid a firm global trend and better domestic de- mand. At the MCX, zinc for delivery in June increased by 75 paise, or 0.61%, to Rs 123.50 per kg, with a business turn- over of five lots. Likewise, the metal for delivery in May traded higher by 70 paise, or 0.57%, to Rs 122.65 per kg in a turnover of 215 lots. Besides improved spot demand, a firming trend in base metals overseas on China's trade data for April. Tracking a firming trend in base metals in the global market, lead futures prices today rose by 0.40 per cent to Rs 125.05 per kg as speculators enlarged positions. Further, rising do- mestic spot demand from battery makers also supported the upside. At the Multi Commodity Exchange, lead for de- livery in May traded 50 paise, or 0.40 per cent, higher at Rs 125.05 per kg, with a turnover of 350 lots, while the June contract was up by 45 paise, or 0.36 per cent, to Rs 126.25 per kg in a turnover of 10 lots. COMMODITY MCX
  5. 5. DAILY REPORT 09th MAY 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS DHANIYA BUY DHANIYA MAY ABOVE 9500 TGTS 9530,9580 SL 9450 SELL DHANIYA MAY BELOW 9390 TGTS 9370,9320 SL 9440 GUARSEED BUY GUARSEED MAY ABOVE 5400 TGTS 5430,5480 SL 5380 SELL GUARSEED MAY BELOW 5315 TGTS 5285,5235 SL 5365 NCDEX NCDEX INDICES Index Value % Change Castor Seed 4011 +0.38 Chana 2983 -0.37 Coriander 9460 +0.41 Cotton Seed Oilcake 1529 -0.97 Jeera 5360 -2.10 Maize– Feed/Industrial Grade 10710 -0.05 Mustard seed 3458 -0.29 Soy Bean 4704 -0.74 Turmeric 6690 +1.52 NCDEX ROUNDUP Cardamom extended the gains for the second day on strong buying support. MCX June delivery ended the day at Rs 995, up Rs 28.90 or 2.99% from the last close. June Cardamom futures bounced back from the low of Rs 942 and ended the day at Rs 995, up Rs 28.90 or 2.99% over last close. The open interest added 356 tonnes to 2,779 tonnes, indicating fresh buying. Jeera futures ended the session lower as short selling trig- gered in the counter. The NCDEX Jeera June delivery ended the day at Rs 10, 840, down Rs 15 or 0.14% from last close. Jeera futures failed to cross the resistance Rs 10,900 level as short selling triggered in the counter due to techni- cal cues. The counter off the day high of Rs 10,905 and set- tled the day at Rs 10, 840, down Rs 15 or 0.14% from last close. The open interest added 690 tonnes to 7,644 tonnes, indicating short selling. Guar seed prices dropped by Rs 65 to Rs 5,615 per quintal in futures trading after speculators trimmed positions, driven by higher production estimates and mounting stocks. Profit- booking by speculators and higher output estimates mainly attributed the fall in prices. However, export demand for guargum which mostly used in petroleum refining, food processing and pharmaceutical industries, limited the losses. At the National Commodity and Derivatives Ex- change counter, guargum prices for July delivery shed Rs 65, or 1.14 per cent to Rs.5,615 per quintal, with an open inter- est of 721 lots.
  6. 6. DAILY REPORT 09th MAY 2014 YOUR MINTVISORY Call us at +91-731-6642300 JPY/INR SELL JPY/INR BELOW 59.00 TGTS 58.86, 58.71 SL 59.21 BUY JPY/INR ABOVE 59.24 TGTS 59.38, 59.53 SL 59.03. USD/INR BUY USD/INR ABOVE 60.26 TGTS 60.40, 60.55 SL 60.05. SELL USD/INR BELOW 60.06 TGTS 59.92, 59.77 SL 60.27. CURRENCY ROUNDUP The Indian rupee hit a one-month high on Thursday on the back of corporate dollar sales and slight gains in domestic shares, but good greenback demand from oil firms and cau- tion ahead of the election outcome next week limited fur- ther gains. The partially convertible rupee closed at 60.0650/0750 per dollar compared with its previous close of 60.135/145. The rupee rose to as high as 59.9225 earlier in the session, its highest since April 9, on the back of dollar sales by various corporates, while a stronger rupee in the offshore non-deliverable market had helped the local unit in early trade. The rupee also benefited as shares recovered slightly from their lowest close in 1-1/2 months on Wednesday. But de- mand from oil firms and other importers limited the upside. Traders will continue to monitor foreign fund flows and movement in other Asian currencies in the near-term for direction. In the offshore non-deliverable forwards, the one- month contract was at 60.36 while the three-month was at 61.06. The dollar edged higher against most major currencies on Thursday after European Central Bank President Mario Draghi hinted that monetary authorities would be okay with implementing fresh stimulus measures in June. In U.S. trad- ing on Thursday, EUR/USD was down 0.39% at 1.3856. The European Central Bank earlier left interest rates unchanged at 0.25%, though the euro dropped after Draghi said the ECB governing council is comfortable with acting at its next meeting in June, after the bank has published fresh fore- casts for inflation and growth. Draghi attributed weak infla- tion rates to food and energy prices, but added that the strong euro and weak domestic demand are also suppress- ing inflation rates. The dollar was mixed against its cousins in Canada, Australia and New Zealand, with USD/CAD down 0.71% at 1.0822, AUD/USD up 0.49% at 0.9374 and NZD/USD down 0.24% at 0.8642. The US Dollar Index, which tracks the performance of the greenback versus a basket of six other major curren- cies, was up 0.17% at 79.41. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 59.9913 Yen-100 58.9600 Euro 83.4805 GBP 101.7512
  7. 7. DAILY REPORT 09th 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 08/05/14 MCX GOLD JUNE BUY 28710 28790-28890 28600 NOT EXECUTED 08/05/14 MCX GOLD JUNE SELL 28500 28420-28320 28600 NO PROFIT NO LOSS 08/05/14 MCX SILVER MAY BUY 42200 42400-42700 41900 NOT EXECUTED 08/05/14 MCX SILVER MAY SELL 41900 41700-41400 42250 BOOKED PORFIT 08/05/14 NCDEX GUARSEED MAY BUY 9490 9520-9570 9440 NO PROFIT NO LOSS 08/05/14 NCDEX GUARSEED MAY SELL 9400 9370-9320 9450 SL TRIGGERED 08/05/14 NCDEX DHANIYA MAY BUY 5510 5540-5590 5460 NOT EXECUTED 08/05/14 NCDEX DHANIYA MAY SELL 5415 5385-5335 5465 BOOKED FULL POR- FIT 08/05/14 GBP/INR MAY BUY 102.42 102.56-102.71 102.21 NOT EXECUTED 08/05/14 GBP/INR MAY SELL 102.02 101.88-101.73 102.23 BOOKED PORFIT 08/05/14 EUR/INR MAY SELL 84.10 84.24-84.39 83.89 NO PROFIT NO LOSS 08/05/14 EUR/INR MAY BUY 83.70 83.56-83.41 83.91 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 08/05/14 NIFTY FUTURE SELL 6700-6720 6650-6600 6750 CALL OPEN 08/05/14 IRBINFRA FUTURE BUY 125 128-130 122 CALL OPEN 08/05/14 HCLTECH FUTURE SELL 1340-1350 1310-1250 1390 CALL OPEN 08/05/14 VIMTA LABS CASH BUY 110-112 115-119-125 104 BOOKED PROFIT 07/04/14 NIFTY FUTURE BUY 6700-6720 6780-6800 6650 CALL OPEN 07/04/14 BHARAT FORGE FUTURE BUY 420-422 428-432 415 SL TRIGGERED
  8. 8. DAILY REPORT 09th 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%