Stock market special report by 21st may 2014


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Stock market special report by 21st may 2014

  1. 1. DAILY REPORT 21st MAY 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Asian shares caught Wall Street's gloom in early trading on Wednesday. Japan's Nikkei stock average .N225 skidded 0.6 percent, with the stronger yen casting a shadow over exporter shares. European shares steadied on Tuesday following losses in the previous three sessions, with telecom company Voda- fone falling after saying its core earnings would fall in 2015 due to the investment needed in the business. The FTSEu- rofirst 300 index, which last week hit a six-year high of 1,372.81, was up 0.06 percent at 1,359.66 points. National benchmark indices in U.K., France and Germany were trad- ing flat to 0.1 percent higher. Wall Street Update U.S. stocks fell in a broad selloff on Tuesday, with major indexes hitting session lows in afternoon trading, led by losses in the retail sector after disappointing results from Staples and TJX Companies. All 10 primary S&P 500 sector indexes fell, and nearly three-fourths of Nasdaq-listed names were down for the day. The S&P 500's top five de- cliners were all retail stocks, including TJX Cos Inc, down 7.6% at USD 53.95, after the owner of off-price chain stores TJ Maxx and Marshalls reported lower-than- expected quarterly revenue. The Dow Jones industrial av- erage fell 137.55 points or 0.83 percent, to end at 16,374.31. The S&P 500 dropped 12.25 points or 0.65 per- cent, to finish at 1,872.83. The Nasdaq Composite slid 28.92 points or 0.70 percent, to close at 4,096.89. Previous day Roundup After a volatile session, the market ended at a flat note but Nifty clung to 7250-levels. The Nifty was up 11.95 points at 7275.50 while the Sensex closed at 24376.88, up 13.83 points. Rally in small and midcap sectors continued as Jaip- rakash Power, Triveni Turbine, Voltas, Sadbhav Engg and Bhusan were leaders. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 3.72], Capital Goods [up 25.36pts], PSU [down 127.06pts], FMCG [up 51.30pts], Realty [up 84pts], Power [up 7 pts], Auto [up 3.72pts], Healthcare [up 147.33pts], IT [up 173.04pts], Metals [up 190.63pts], TECK [up 112.69pts], Oil& Gas [down 377.47pts]. World Indices Index Value % Change D J l 16374.31 -0.83 S&P 500 1872.83 -0.65 NASDAQ 4096.89 -0.70 EURO STO 3163.93 -0.19 FTSE 100 6802.00 -0.62 Nikkei 225 14,034.92 -0.29 Hong Kong 22,860.54 +0.11 Top Gainers Company CMP Change % Chg SSLT 246 18.25 +8.01 NMDC 177.9 8.65 +5.11 BHEL 276.25 9.70 +3.64 TATASTEEL 466.9 16.15 +3.58 WIPRO 497.5 15.45 +3.21 Top Losers Company CMP Change % Chg COAL INDIA 364.00 24.95 -6.41 ONGC 398.30 18.45 -4.43 HEROMOTOCO 2357.00 91.40 -3.73 RELIANCE 1080.00 40.05 -3.58 BANKBARODA 938.85 30.25 -3.12 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg ABAN 672.9 100.35 +17.53 BGRENERGY 234.5 39.05 +19.98 IBREALEST 82.65 -0.30 -0.36 IOB 71.55 -0.10 -0.14 LICHSGFIN 326 -8.60 -2.57 Indian Indices Company CMP Change % Chg NIFTY 7275.50 +11.95 +0.16 SENSEX 24,376.88 +13.83 +0.06 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg
  2. 2. DAILY REPORT 21st MAY 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. IDFC [FUTURE] IDFC FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 140 levels. We advise buying around 135-140 levels with strict stop loss 128 for the targets of 145-150 levels. 2. ZEE LTD [FUTURE] ZEE LTD FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 290 levels. We advise buying around 290-292 levels with strict stop loss 284 for the targets of 298-304levels. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. BGR ENERGY BGR ENERGY is looking strong on charts. We advise buying around 235-240 levels with strict stop loss of 220 for the targets of 255-275 levels. MACRO NEWS The Reserve Bank of India (RBI) would carry on general banking business and manage public debt of the newly formed state Telangana from June 2. The central bank and the state have signed an agreement in this regard. Aditya Birla Nuvo Ltd on Tuesday reported 11.43 per cent decline in consolidated net profit at Rs 176.13 crore for the quarter ended March 31, 2014. It had reported net profit of Rs 198.87 crore in the January-March quarter of 2012-13 fiscal Tatas confident of turnaround in European steel arm Delhi High Court asks centre, RIL to co-operate with ACB in probe Reliance Power commissions fourth 660 MW unit of Sasan UMPP JSW Steel buys iron ore at Goa's e-auction for steady sup- ply. The Reserve Bank of India to sell 150 billion rupees ($2.56 billion) of 91-day and 182-day t-bills. The RBI to also an- nounce primary dealers' underwriting commitment for Friday's debt sale. Weekly reserve money data will be re- leased today.
  3. 3. DAILY REPORT 21st 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 7,200 41.8 3,00,093 27,19,850 NIFTY PE 7,300 83.4 2,63,159 22,60,000 NIFTY PE 7,100 18.45 2,20,272 32,79,450 BANKNIFTY PE 14,500 44.4 21,267 2,00,600 INFY PE 2,900 9.8 3,089 1,12,000 SBIN PE 2,500 53 2,882 1,56,500 DLF PE 180 6.3 2,518 8,68,000 INFY PE 3,000 28 2,398 1,28,500 MOST ACTIVE CALL OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 7,400 37 3,62,105 52,56,600 NIFTY CE 7,500 17.65 3,34,007 58,50,050 NIFTY CE 7,300 72.95 3,13,134 36,85,200 BANKNIFTY CE 15,500 145 17,333 2,39,575 UNITECH CE 27 1.15 6,039 75,84,000 RELAINCE CE 1,100 18.65 5,093 12,59,750 INFY CE 3,100 41.45 4,646 2,24,625 MCDOWELL-N CE 2,700 13.9 4,140 8,62,375 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 81451 3002.39 63982 2350.11 471905 17326.09 652.28 INDEX OPTIONS 424641 15541.92 393708 14373.90 2442681 89037.59 1168.03 STOCK FUTURES 152345 5542.12 181573 6555.63 1369890 48034.82 -1013.51 STOCK OPTIONS 61359 2278.99 64874 2367.14 111698 4067.04 -88.14 TOTAL 718.65 INDICES R2 R1 PIVOT S1 S2 NIFTY 7,398.23 7,336.87 7,292.28 7,230.92 7,186.33 BANK NIFTY 15,462.00 15,286.60 15,187.15 15,011.75 14,912.30 STOCKS IN NEWS Ess Dee Aluminium enters into tie-up with Germany’s Chemnitz University for R&D in packaging ACC to pump Rs 3000 crore by 2015 to ramp up capac- ity in East Larsen & Toubro gets construction orders worth Rs 1,137 crore in April-May Tata Housing to invest $400mn to develop township in Sri Lanka BPCL signs MoU with IGL for marketing of lubricants NIFTY FUTURE Nifty Future closed in the red in the last trading session. We advise selling around 7300 levels with strict stop loss of 7350 for the targets of 7250-7200 levels.
  4. 4. DAILY REPORT 21st MAY 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER ABOVE 41150 TGT 41350,41650 SL BELOW 40850 SELL SILVER BELOW 40700 TGT 40500,40200 SL ABOVE 41000 GOLD TRADING STRATEGY: BUY GOLD ABOVE 28250 TGT 28330,28430 SL BELOW 28130 SELL GOLD BELOW 28120 TGT 28040,27940 SL ABOVE 28150 COMMODITY ROUNDUP MCX Gold futures were trading in a range bound manner as global prices eased well under $1300 per ounce levels. The global prices dropped more than ten dollars on worries over Indian demand and the persistent strength in the US dollar. Gold demand in India fell by a fourth to 190.3 tonnes in the quarter to March due to the curbs and have sent local pre- miums to record highs, WGC said in its quarterly report on Tuesday. COMEX Gold fell right through $1300 per ounce following this and currently trades at $1291 per ounce, down $3 per ounce on the day. MCX Gold is quoting at Rs 28159 per 10 grams, up Rs 15 per 10 grams on the day. MCX Crude oil futures were little changed today as global prices stabilized amid Libya supply worries. Clashes be- tween rebels and the Libyan government may further inter- rupt supplies from the region. However, a rather modest outing in global stocks kept advances limited for oil prices. WTI Crude slipped from its intraday highs near $103 per barrel and currently trades at $102.45 per barrel, down 14 cents per barrel on the day. MCX Crude oil quotes at Rs 6013 per barrel on the day, up Rs 3 per barrel on the day. The prices moved in a range of Rs 6045- 6005 per barrel.. In China, GDP growth and other indicators of activity eased a little in early 2014. The prices of Copper have been sideways due to lack of any substantial triggers. Meanwhile, MCX Copper was trading at Rs 411.55 per kg, down 0.13%. The prices tested a high of Rs 414.45 per kg, and a low of Rs 411.3 per kg. In 2014, do- mestic Copper prices have faced losses of more than 12%. This is due to the fact that the growth rates of China have been dwindling even as the supply side deficit persists in world markets. China accounts for 40 percent of the con- sumption of Copper. Zinc prices down by 0.24 per cent to 122.45 per kg in fu- tures trade yesterday as speculators trimmed positions af- ter metal weakened at the London Metal Exchange (LME). At the Multi Commodity Exchange, zinc for delivery in June declined by 30 paise, or 0.24 per cent, to Rs 122.45 per kg in business turnover of two lots. The May contract shed 25 paise, or 0.20 per cent, to Rs 121.90 per kg in 335 lots. The weakness in zinc at futures trade was mostly attributed to weakness in copper and other base metals at the LME. COMMODITY MCX
  5. 5. DAILY REPORT 21st MAY 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS DHANIYA BUY DHNAIYA JUN ABOVE 9540 TGTS 9570,9620 SL 9490 SELL DHANIYA JUN BELOW 9480 TGTS 9450,9400 SL 9530 GUARSEED BUY GUARSEED JUN ABOVE 5220 TGTS 5250,5300 SL 5170 SELL GUARSEED JUN BELOW 5100 TGTS 4970,4920 SL 5150 NCDEX NCDEX INDICES Index Value % Change Castor Seed 3900 +0.70 Chana 2925 +0.03 Coriander 9140 -0.50 Cotton Seed Oilcake 1515 +0.07 Jeera 5060 +0.10 Maize– Feed/Industrial Grade 11150 -0.93 Mustard seed 3444 +0.09 Soy Bean 4320 -4.00 Turmeric 6370 -164 NCDEX ROUNDUP Chana prices fell further by 1.85 per cent to Rs 2,923 per quintal in futures trade yesterday as speculators offloaded positions, triggered by increased supplies from producing regions. At the National Commodity and Derivative Ex- change, chana for delivery in June shed Rs 55, or 1.85 per cent to Rs 2,923 per quintal with an open interest of 1,56,330 lots. The May contract lost Rs 49, or 1.68 per cent to Rs 2,875 per quintal in 1,130 lots. The fall in chana prices at futures trade was due to offloading of positions by specu- lators amid increased supplies from producing regions against weak demand in the spot market. Potato prices moved up by 0.51% to Rs 1,355 per quintal in futures trading today as speculators created fresh positions after demand in the spot markets picked up. Further, re- stricted arrivals from producing belts supported the upside. At the Multi Commodity Exchange, potato for delivery in June gained Rs 6.90, or 0.51%, to Rs 1,355 per quintal in a business turnover of 57 lots. Potato for delivery in May also traded up by Rs 3, or 0.23%, to Rs 1,307 per quintal in 12 lots. Fresh positions built-up by speculators, driven by rising demand in the spot markets against limited arrivals from producing regions, mainly led to rise in potato prices at fu- tures trade. RECOMMENDATIONS DHANIYA BUY DHANIYA JUN ABOVE 9685 TGTS 9715,9765 SL 9635 SELL DHANIYA JUN BELOW 9540 TGTS 9510,9460 SL 9590 GUARSEED BUY GUARSEED JUN ABOVE 5270 TGTS 5300,5400 SL 5220 SELL GUARSEED JUN BELOW 5210 TGTS 5180,5130 SL 5260
  6. 6. DAILY REPORT 21st MAY 2014 YOUR MINTVISORY Call us at +91-731-6642300 JPY/INR BUY JPY/INR ABOVE 58.16 TG 58.31, 58.51 SL 57.96 SELL JPY/INR BELOW 57.92 TG 57.77, 57.57 SL 58.12 EUR/INR BUY EUR/INR ABOVE 80.68 TG 80.83, 81.03 SL 80.48 SELL EUR/INR BELOW 80.40 TG 80.25, 80.05 SL 80.60 CURRENCY ROUNDUP The Indian rupee snapped a four-day gaining streak on Tuesday, retreating from 11-month highs hit in the previous session after oil importers rushed in to buy dollars, while a rally in domestic shares slowed after powerful recent gains. The partially convertible rupee closed at 58.63/63 per dollar versus 58.59/60 on Monday. the dollar buying by state- owned banks, which they said was likely on behalf of the central bank, also aided the rupee's fall. The intervention was spotted around 58.60 rupee levels. Lower U.S. Treasury yields held the dollar near a 3-1/2 month low against the yen early on Wednesday, with mar- kets looking for potential catalysts from the Bank of Japan's policy review later in the day. The euro fell to 16-month lows against the pound on Tues- day after data showed that inflation in the U.K. rose more strongly than expected last month but also indicated that that consumer prices are rising faster than wages. EUR/GBP was last at 0.8138, down 0.17% for the day after falling as low as 0.8120 earlier, the weakest level since early January 2013. The pound touched session highs against the dollar on Tues- day after data showed that U.K. inflation rose at a faster than forecast rate in April, but gave back some gains after the data also showed that consumer prices are rising faster than wages. GBP/USD was last trading at 1.6825, just 0.07% higher for the day after briefly touching highs of 1.6864. On Tuesday, sterling rose to 16-month highs against the euro, with EUR/GBP touching lows of 0.8118. The euro re- mained under pressure from mounting expectations for monetary easing by the European Central Bank at its next meeting in June and data last week showing that the euro zone economy grew at a slower than forecast rate in the first quarter. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 58.7455 Yen-100 57.9300 Euro 80.5261 GBP 98.7747
  7. 7. DAILY REPORT 21st 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 20/05/14 MCX GOLD JUNE BUY 28320 28400-28500 28200 NOT EXECUTED 20/05/14 MCX GOLD JUNE SELL 28000 27920-27800 28100 NOT EXECUTED 20/05/14 MCX SILVER JULY BUY 41150 41350-41650 40850 NOT EXECUTED 20/05/14 MCX SILVER JULY SELL 40500 40300-40000 40800 NOT EXECUTED 20/05/14 NCDEX GUARSEED JUNE BUY 5220 5250-5300 5170 BOOKED PROFIT 20/05/14 NCDEX GUARSEED JUNE SELL 5100 4970-4920 5150 BOOKED PROFIT 20/05/14 NCDEX DHANIYA JUNE BUY 99540 9570-9620 9490 NOT EXECUTED 20/05/14 NCDEX DHANIYA JUNE SELL 9480 9450-9400 9530 BOOKED PROFIT 20/05/14 GBP/INR MAY BUY 98.80 98.94-99.09 98.59 BOOKED FULL PROFIT 20/05/14 GBP/INR MAY SELL 98.48 98.33-98.18 98.69 NOT EXECUTED 20/05/14 EUR/INR MAY SELL 80.29 82.15-80.00 80.50 NOT EXECUTED 20/05/14 EUR/INR MAY BUY 80.80 80.94-81.09 80.59 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 20/05/14 NIFTY FUTURE BUY 7340 7370-7420 7300 CALL OPEN 20/05/14 JSWSTEEL FUTURE BUY 1270 1295-1340 1235 SL TRIGGERED 20/05/14 TATACOMM FUTURE BUY 320 330-340 310 BOOKED FULL PROFIT 20/05/14 LIC HOUSING CASH BUY 343 353-363 333 BOOKED PROFIT
  8. 8. DAILY REPORT 21st 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 19 NONE SCHEDULED TUESDAY, MAY 20 NONE SCHEDULED WEDNESDAY, MAY 21 2 PM FOMC MINUTES THURSDAY, MAY 22 8:30 AM JOBLESS CLAIMS 5/17 N/A N/A 9:45 AM MARKET FLASH PMI APRIL -- 55.4 10 AM EXISTING HOME SALES APRIL 4.70 MLN 4.59 MLN 10 AM LEADING INDICATORS APRIL -- 0.8 FRIDAY, MAY 23 10 AM NEW HOME SALES APRIL 430,000 384,000