Stock market special report by epic research 18 march 2014

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Transcript of Stock market special report by epic research 18 march 2014

  • 1. DAILY REPORT 18th MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Growing tension between the West and Russia ahead of Ukraine's weekend referendum in Crimea pushed down stocks on major world markets on Friday and drove up buying of safe-haven gold and the yen. The FTSEurofirst 300 .FTEU3 index of top European shares closed down 0.7 percent. Shares of companies most ex- posed to Russia fell, including Danish brewer Carlsberg (CARLb.CO), down 0.5 percent. Latin American stocks also fell, with Mexico's IPC stock index .MXX down 0.2 percent. Wall Street Update Wall Street ended lower on Friday with all three major stock indexes down for the week, as concerns over ten- sions between Ukraine and Russia escalated ahead of a referendum in Crimea this weekend. U.S. S&P 500 stock index futures inched higher initially on Friday, indicating the index may hold its ground after its biggest decline since early February, ahead of data on inflation and con- sumer confidence. Equities tumbled on Thursday on rising concerns over Ukraine and Russia and new signs of an eco- nomic slowdown in China. The Dow Jones industrial average .DJI fell 43.22 points or 0.27 percent, to 16,065.67, the S&P 500 .SPX lost 5.21 points or 0.28 percent, to 1,841.13 and the Nasdaq Com- posite Cdropped 15.023 points or 0.35%, to 4,245.396. Previous day Roundup It was a tough tussle for the bulls on Dalal Street, but the market managed to end in green. The Nifty closed up 11.10 points at 6504.20 and the Sensex was up 35.19 points at 21809.80. About 1200 shares advanced, 1534 shares declined, and 144 shares were unchanged. Capital goods provided strong support to the indices. BHEL and L&T were up 2.5 percent each. Dr Reddy's Labs, Cipla and Tata Steel were other gainers in the Sensex. Index stats The Market was very volatile in yesterdays session. The sartorial indices performed as follow Consumer Durables [down 15.11pts], Capital Goods [up 210.36pts], PSU [down 0.71pts], FMCG [up 23.47pts], Realty [up Pts], Power [up pts], Auto [up 119.23pts], Healthcare [up 81.74pts], IT [up 35.72pts], Metals [up 39.60pts], TECK [down 27.51pts], Oil& Gas [up 23.35pts]. World Indices Index Value % Change D J l 16,065.67 -0.27 S&P 500 1,841.13 -0.28 NASDAQ 4,245.40 -0.35 EURO STO 3,004.64 -0.49 FTSE 100 6,527.89 -0.40 Nikkei 225 14,327.66 -3.30 Hong Kong 21,539.49 -1.00 Top Gainers Company CMP Change % Chg DLF 175.00 6.65 +3.95 JPASSOCIAT 48.35 1.70 +3.64 BHEL 188.90 5.80 +3.17 NMDC 129.40 3.30 +2.62 LT 1255.20 30.00 +2.45 Top Losers Company CMP Change % Chg RANBAXY 343.65 11.30 -3.18 HCLTECH 1417.00 42.20 -2.89 WIPRO 547.55 16.05 -2.85 AXISBANK 1348.85 32.30 -2.34 Stocks at 52 Weeks high Symbol Prev. Close Change %Chg ABB 791.50 26.05 -3.19 CUMMININD 549.00 20.90 +3.96 LT 1255.20 30.00 +2.45 M&M 1029.05 13.00 +1.28 Indian Indices Company CMP Change % Chg NIFTY 6,504.20 +11.10 +0.17 SENSEX 21,809.80 +35.19 +0.16 Stocks at 52 Weeks Low Symbol Prev. Close Change %Chg CASTROLIND 300.00 12.30 +4.28 MYSOREBANK 371.45 9.35 -2.46 ESSARPORTS 49.00 51.45 -2.45

2. DAILY REPORT 18th MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. VOLTAS VOLTAS 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 140-142 levels with strict stop loss 136 for the targets of 146-148 levels. 2. LT LT FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 1250 levels. We advise buying around 1250-1260 levels with strict stop loss 1220 for the targets of 1290-1325. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. SOMANY CERAMICS LTD. SOMANY CERAMICS LTD is looking strong on charts. We ad- vise buying around 155-160 levels with strict stop loss of 145 for the targets of 170-185 levels. MACRO NEWS The wholesale price-indexed (WPI) inflation for the month of February came in at a nine-month low of 4.68 percent as prices of kitchen staples like onion and po- tato eased, providing some headroom for the RBI to cut interest rate in its forthcoming monetary policy. Infla- tion, which is on decline since December, was 5.05 per cent in January. Prior to February, the lowest WPI was recorded in May 2013 at 4.58 per cent. In June, it had inched up again to 5.16 per cent. Shares of Multi-Commodity Exchange crashed as the company future looks bleak. In a latest, MCX-SX board elected Thomas Mathew, Former Chairman LIC as the Chairman of the exchange and Ashima Goyal, Professor at IGIDR as the Vice Chairperson of the exchange. Its chairman GK Pillai stepped down on Friday. The government concluded divesting 10 percent stake in Indian Oil Corporation for Rs 5340 crore in an off- market transaction. The state-run ONGC and Oil India picked up 5 percent each in IOC at Rs 220 a share. Post the deal, ONGC stake in IOC will go up to 13.77%. Banks are biting the bullet and seeking to sell a record $7 bn of bad loans to asset reconstruction cos as they rush to clean up their books. 3. DAILY REPORT 18th MARCH 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 46.55 4,90,331 50,92,800 NIFTY PE 6,400 21 4,78,143 62,31,550 NIFTY PE 6,300 9.15 2,71,382 53,52,450 BANKNIFTY PE 12,000 163.5 33,307 2,52,625 SBIN PE 1,600 13 4,170 2,84,000 AXISBANK PE 1,350 35.7 3,738 4,97,750 INFY PE 3,300 25.9 3,442 1,29,625 ICICIBANK PE 1,200 21.6 3,107 3,04,000 MOST ACTIVE CALL OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 6,500 83 4,43,542 43,98,450 NIFTY CE 6,600 35.95 4,02,026 47,05,400 NIFTY CE 6,700 12.25 2,06,301 33,05,600 BANKNIFTY CE 12,500 88.1 40,817 2,67,200 SBIN CE 1,700 25.7 6,565 6,20,250 RELIANCE CE 900 13.9 5,004 13,33,500 INFY CE 3,500 23 3,619 3,14,875 AXISBANK CE 1,400 18.6 3,579 2,58,750 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 51798 1663.78 73050 2342.71 495051 16060.15 -678.93 INDEX OPTIONS 487205 15410.33 475710 14969.74 1632929 52893.79 440.60 STOCK FUTURES 81559 2807.42 100514 3375.41 1070376 34385.82 -567.99 STOCK OPTIONS 58335 1972.21 58679 2000.25 99502 3142.90 -28.03 TOTAL -834.35 INDICES S2 S1 PIVOT R1 R2 NIFTY 6399.36 6451.78 6485.11 6537.53 6570.86 NIFTYJUNIOR 12357.11 12445.63 12495.96 12584.48 12634.81 BANK NIFTY 11781.45 11918.64 12004.34 12141.54 12227.24 STOCKS IN NEWS Financial Tech sells warehousing arm for Rs 242 cr. MCX-SX looks to bring in new investors Gas price hike, lower subsidies to boost OIL India's prospects. Tea exports dip 13.24 pc in April-February RBI's foreign exchange reserves in gold fall 15%. Government plan to connect rural India with Bharat Broadband by end-2013 moves beyond deadlines. NIFTY FUTURE Nifty Future closed in the green in the last trading ses- sion. We advise buying around 6480-6500 levels with strict stop loss of 6450 for the targets of 6550-6590. 4. DAILY REPORT 18th MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER(MAY) ABOVE 47500 TGTS 47750/48100 SL 47150 SELL SILVER(MAY) BELOW 46700 TGTS 46450/46100 SL 47050 GOLD TRADING STRATEGY: BUY GOLD(APR) ABOVE 30660 TGTS 30740/30840 SL 30550 SELL GOLD(APR) BELOW 30430 TGTS 30350/30250 SL 30530 COMMODITY ROUNDUP Silver prices moved up by 0.36% to Rs 46,902 per kg in fu- tures trade on Friday as participants engaged in creating speculative positions, tracking a firming trend in precious metals overseas. At MCX, silver for delivery in May con- tracts traded higher by Rs 168, or 0.36%, to Rs 46,902 per kg in business turnover of 287 lots. On similar lines, the metal for delivery in far-month July traded Rs 153, or 0.32%, higher at Rs 47,771 per kg in a turnover of two lots. In the international market, silver added 0.4%, to trade at $21.26 an ounce in Singapore. Gains in silver prices were attributed at futures trade to a firming trend overseas as flaring ten- sion in Ukraine, before a vote in Crimea on breaking away to join Russia, and concern that China's growth is faltering boosted demand for the precious. Amid short covering by speculators and rising spot demand, copper futures prices on Friday rose by 0.38% to Rs 401.10 per kg. However, metal's weakness at the London Metal Exchange (LME) as China's outlook hurts demand, capped the gains. At the MCX, copper for delivery in April rose by Rs 1.50, or 0.38%, to Rs 401.10 per kg, with a turnover of 1,284 lots. Similarly, the metal for delivery in June was up by Rs 1.50, or 0.37%, at Rs 404.35 per kg, with a trade volume of 34 lots. Globally, copper for three-month delivery rose 0.50% to $6,386 a tonne at the LME, while it fell by 0.60% to 44,140 yuan ($7,184) per tonne for June delivery in Shang- hai. Attributed the rise in copper futures to covering-up of short positions by speculators and rising spot demand but a weak trend in global markets on weakening economic data in China, the world's biggest consumer of metal, restricted gains. Light Sweet Crude Oil futures for April delivery, the most actively traded contract, gained $0.69 or 0.7 percent to close at $98.89 a barrel on the New York Mercantile Ex- change Friday. Crude prices for April delivery scaled a high of $99.28 a barrel intraday on Friday and a low of $98.06.U.S. crude oil ended higher for a second straight ses- sion on Friday, amid uncertainty over the upcoming refer- endum in the Crimean region of Ukraine for a vote to break away and join Russia, which could impact oil supplies from Russia. Crude futures touched a yearly peak of near $105 a barrel early this month, but surrendered much of the gains with concerns over China growth and the possibility of a U.