Stock market special report by epic research 30th may 2014

DAILY REPORT

30th MAY 2014

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance

Asian shares inched up to a one-year high on Thursday

while global bond prices surged, pushing their yields to

multi-month lows, supported by expectations of easier

monetary policy from the European Central Bank. MSCI's

broadest index of Asia-Pacific shares outside Japan rose

0.15%, led by gains in Hong Kong and Singapore shares

and hitting one-year highs for the fifth time in the last six

sessions. Japan's Nikkei share average gained 0.1%.

Though equities were mixed on Friday following another

record finish for the S&P 500 overnight and economic data

from Japan.

European shares held near multi-year highs on Thursday,

with the region's main stock markets supported by pros-

pects of new economic stimulus next week from the Euro-

pean Central Bank.

Wall Street Update

US stocks rose on Thursday and the benchmark S&P 500

index hit a record intraday high for the third straight day as

traders bet on improvement in the second quarter even as

data showed the world's largest economy contracted in

the first quarter. Global bond yields remain in focus after

benchmark US Treasury yields fell to eleven-month lows

while German bond yields traded at one-year lows.

The Dow Jones industrial average rose 16.96 points or 0.1

percent, to 16,650.14, the S&P 500 gained 5.63 points or

0.29 percent, to 1,915.41 and the Nasdaq Composite

added 14.40 points or 0.34 percent, to 4,239.47.

Previous day Roundup

Market slumped on May series futures and options con-

tracts expiry day as investors rolled over positions into the

near-term June series. It was a day of the bears as the

Nifty tanked 94 points to end at 7235.65. The Sensex was

down 321.94 points at 24234.15. About 1390 shares have

advanced, 1556 shares declined, and 115 shares are un-

changed.

Index stats

The Market was very volatile in last session. The sartorial

indices performed as follow; Consumer Durables [down

88.03pts], Capital Goods [down 222.77pts], PSU [down

98.61pts], FMCG [up pts], Realty [down 25.74pts], Power

[down 25.16pts], Auto [down 25.62pts], Healthcare [up

2.01pts], IT [up 299.79pts], Metals [down 107.46pts], TECK

[down 144.79pts], Oil& Gas [down 180.75pts].

World Indices

Index Value % Change

D J l 16698.74 +0.39

S&P 500 1920.03 +0.54

NASDAQ 4247.95 +0.54

EURO STO 3,244.66 +0.05

FTSE 100 6,871.29 +0.29

Nikkei 225 14,642.59 -027

Hong Kong 23,050.94 +0.18

Top Gainers

Company CMP Change % Chg

HINDALCO 149.65 2.445 +1.66

DRREDDY 2385.00 33.40 +1.42

NTPC 152.95 1.50 +0.99

M&M 1172.95 11.35 +0.98

SUNPHARMA 588.55 4.45 +0.76

Top Losers


INFY 2921.30 103.70 -3.43

JINDALSTEL 297.00 10.35 -3.37

AMBUJACEM 212.9 6.70 -3.05

HCLTECH 1398.40 42.05 -2.92

IDFC 127.60 3.80 -2.89

Stocks at 52 Week’s high

Symbol Prev. Close Change %Chg

ADVANTA 274.95 8.15 +3.05

AMTEKAUTO 198.50 0.25 -0.13

BHARATFORG 511.20 10.40 +2.08

ORIENTAL BANK 351.00 0.20 +0.06

TVSMOTOR 135 1.15 -0.84

Indian Indices


NIFTY 7235.65 -94.00 -1.28

SENSEX 24234.15 -321.94 -1.31

Stocks at 52 Week’s Low

Symbol Prev. Close Change %Chg

BHUSHANSTEEL 413.4 +0.30 +0.18

http://www.epicresearch.co/

DAILY REPORT

30th MAY 2014


STOCK RECOMMENDATIONS [FUTURE]

1. CROMPTON GREAVES [FUTURE]

CROMPTON GREAVES FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it sustains below 180 levels. We advise selling around 180-182 levels with strict stop loss 185 for the targets of 175-170.

2. UCO BANK [FUTURE]

UCO BANK FUTURE is looking strong on charts, long build

up has been seen, we may see more upside, if it sustains

above 105 levels. We advise buying around 106-108 levels

with strict stop loss 104 for the targets of 110-114 levels.

EQUITY CASH & FUTURE

STOCK RECOMMENDATION [CASH]

1. ADANI ENTERPRIZES

ADANI ENTERPRISE weak on daily chart. We advise selling below 448 levels with strict stop loss of 456 for the targets of 440-432

MACRO NEWS

Coal India Net profit fell 18% to Rs 4,434 cr in the quarter ended March 2014 from Rs 5,413.9 cr in same quarter last year due to slow growth in revenue and weak operational performance.

Hindalco Industries reported 48.5% fall in fourth quarter net profit at Rs 248 crore (on standalone basis) due to exceptional loss of Rs 396 crore. It had a profit of Rs 482 crore in the same quarter last year.

Sun Pharmaceutical Q4 (Jan-March) consolidated net profit grew 56.9% YoY to Rs 1,587 cr (beat forecast), driven by higher domestic as well as US revenues.

ONGC Net profit increased toRs. 4,889 crore although revenue dipped by 2.3% to Rs.21,403 crore.

Tata Motors Q4 consolidated net profit falling 0.7% to Rs 3,918 cr compared to same quarter last year due to lower growth in JLR's topline & bottomline and weak domestic business. Revenue grew 16.6 percent on yearly basis to Rs 65,317cr for the quarter ended March 2014.

IOC aims to start crude processing at Paradip refinery by August-September .

Coal demand falls globally.

Monthly diesel price hikes likely to continue.

Yes Bank starts shares sale to raise up to USD 500 mn.


DAILY REPORT

30th MAY 2014


FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts

)

Open

Interest

NIFTY PE 7,300 66.2 10,09,075 15,10,250

NIFTY PE 7,250 14.8 7,70,479 13,20,800

NIFTY PE 7,200 0.05 3,89,100 52,15,050

BANKNIFTY PE 15,000 0.1 1,11,178 3,96,875

INFY PE 2,900 0.1 12,316 3,21,500

SBIN PE 2,600 0.2 9,728 2,35,750

MCDOWELL-N PE 2,800 0.05 7,450 6,85,250

DLF PE 200 0.05 2,362 13,42,000

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 7,300 0.05 12,37,882 76,84,250

NIFTY CE 7,350 0.05 6,85,521 47,05,450

NIFTY CE 7,400 0.05 6,12,586 73,97,000

BANKNIFTY CE 15,200 0.05 85,531 3,73,400

INFY CE 3,000 0.05 16,427 4,95,375

MCDOWELL-N CE 2,850 0.1 9,995 4,84,625

SBIN CE 2,640 0.05 8,815 2,27,375

RELIANCE CE 1,100 0.05 6,918 11,20,000

FII DERIVATIVES STATISTICS

BUY OPEN INTEREST AT THE END OF THE DAY SELL

No. of

Contracts Amount in

Crores No. of

Contracts Amount in

Crores No. of

Contracts Amount in

Crores NET AMOUNT

INDEX FUTURES 186078 6829.82 189134 6929.84 244389 8944.31 -100.02

INDEX OPTIONS 594081 21681.72 545983 19988.27 1129203 40876.28 1693.45

STOCK FUTURES 402682 14475.34 482151 17395.51 1432873 50290.02 -2920.17

STOCK OPTIONS 75092 2816.25 73437 2772.95 6995 271.35 43.30

TOTAL -1283.44

INDICES R2 R1 PIVOT S1 S2

NIFTY 7,340.27 7,332.33 7,317.47 7,309.53 7,294.67

BANK NIFTY 15,344.43 15,187.37 15,097.43 14,940.37 14,850.43

STOCKS IN NEWS

Indian Oil profit drops 35% as refining margins shrink

National Fertilizers Q4 net loss narrows to Rs 9.80cr.

Ipca Lab Q4 net profit up 84% at Rs 137 cr.

Bajaj Electricals reports Rs 10.65 crore loss in Q4.

L&T Construction wins orders worth Rs 2,458 crore

Sesa Sterlite, a Vedanta group company, buying the residual stake in Hindustan Zinc.

Marico reports 17% revenue growth in Q4.

Tesco is to open stores in a joint venture with Tata's Trent Hypermarket.

NIFTY FUTURE

Nifty Future closed downside in the last trading session. We advise selling around 7230 levels with strict stop loss of 7360 or the targets of 7200-7170


DAILY REPORT

30th MAY 2014


RECOMMENDATIONS

SILVER

TRADING STRATEGY:

BUY SILVER ABOVE 40300 TGT 40500,40800 SL BELOW 40000

SELL SILVER BELOW 39900 TGT 39700,39400 SL ABOVE 40200

GOLD

TRADING STRATEGY:

BUY GOLD ABOVE 26950 TGT 27030,27130 SL BELOW 26850

SELL GOLD BELOW 26730 TGT 26650,26550 SL ABOVE 26830

COMMODITY ROUNDUP

Extending its downward journey for the fourth straight ses-sion, gold prices tumbled by Rs 200 to hit nearly 11-month low of Rs 27,500 per ten grams in the national capital today amid a weak trend in global markets. Besides, subdued de-mand from jewellers and retailers and a weak trend in fu-tures trade also weighed on gold prices. Silver also re-mained under pressure for the fifth straight day and fell by Rs 500 to Rs 40,500 per kg.

Gold hits 11-month low of Rs 27,500 on weak global cues Extending its downward journey for the fourth straight ses-sion, gold prices tumbled by Rs 200 to hit nearly 11-month low of Rs 27,500 per ten grams in the national capital today amid a weak trend in global markets. Besides, subdued de-mand from jewellers and retailers and a weak trend in fu-tures trade also weighed on gold prices. Silver also re-mained under pressure for the fifth straight day and fell by Rs 500 to Rs 40,500 per kg.

U.S. crude prices rose on Thursday after government inven-tory data showed a sharp drawdown in gasoline that out-weighed a build in overall crude stocks, while Brent edged up supported by the low Libyan output and the Ukraine cri-sis. U.S. benchmark Treasury yields inched up from 11-month lows on Thursday as data showed the U.S. economy shrank for the first time in three years in the first quarter but did not alter the view of a solid rebound this spring.

Nickel prices fell 1.77% to Rs 1,116.20 per kg in futures trade yesterday as speculators offloaded positions on the back of weak global trend and sluggish domestic demand. At the MCX nickel for delivery in May declined by Rs 20.10, or 1.77%, to Rs 1,116.20 per kg in a business turnover of 3,446 lots. Similarly, the metal for delivery in June traded lower by Rs 19.90, or 1.75%, to Rs 1,120 per kg in 1,323 lots. Offloading of positions by speculators due to sluggish de-mand from alloy-makers in the domestic spot markets and weak global trend pulled down nickel prices at futures trade. Meanwhile, nickel dropped 1.5% to $19,031 a tonne on the LME.

Zinc prices drifted by 0.74% to Rs 121.50 per kg in futures trade yesterday as speculators trimmed positions after de-mand eased in the spot markets. Also, weak trend in other base metals in global markets influenced the sentiment. At the X, zinc for delivery in May shed 90 paise, or 0.74%, to Rs 121.50 per kg in a business turnover of 757 lots.

COMMODITY MCX


http://www.business-standard.com/search?type=news&q=Multi+Commodity+Exchange

DAILY REPORT

30th MAY 2014


RECOMMENDATIONS

DHANIYA

BUY DHANIYA JUN ABOVE 9480 TGTS 9510,9560 SL 9430

SELL DHANIYA JUN BELOW 9375 TGTS 9345,9295 SL 9415

GUARSEED

BUY GUARSEED JUN ABOVE 5250 TGTS 5280,5330 SL 5200

SELL GUARSEED JUN BELOW 5185 TGTS 5155,5105 SL 5225

NCDEX

NCDEX INDICES

Index Value % Change

Castor Seed 3810 +0.05

Chana 2823 -0.07

Coriander 9414 +0.21

Cotton Seed Oilcake 1505 +0.74

Guarseed 5105 -2.02

Jeera 10990 +0.14

Mustard seed 3396 -0.53

Soy Bean 4648 +1.24

Sugar M Grade 2991 -0.40

Turmeric 6170 +2.49

NCDEX ROUNDUP

Potato prices fell by 0.76% to Rs 1,314.50 per quintal in fu-

tures trade yesterday as speculators offloaded positions on

weak trend in spot markets. At the MCX, potato for June

delivery fell by Rs 10.20, or 0.76%, to Rs 1,314.50 per quin-

tal, with a business volume of 52 lots. Similarly, potato for

delivery in May traded lower by Rs 5.20, or 0.40%, to Rs

1,270 per quintal, with a trade volume of seven lots. The fall

in potato prices was mostly due to subdued demand in the

spot markets.

Sugar prices fell 0.57% to Rs 2,986 per quintal in futures

trading today as speculators indulged in reducing positions

on the back of subdued demand from bulk consumer in the

spot markets. Furthermore, adequate stocks following

higher supplies from millers also put pressure on the prices

of the sweetener. At the NCDEX, sugar for delivery in June

declined by Rs 17, or 0.57%, to Rs 2,986 per quintal with an

open interest of 41,920 lots.

To counter the shortage of onion post the monsoon season,

Madhya Pradesh government is formulating a plan to ar-

range cultivation onion during this Kharif season. The com-

modity remains in short supply each year during monsoon

and post monsoon.

RECOMMENDATIONS

DHANIYA

BUY DHANIYA JUN ABOVE 9435 TGTS 9455,9505 SL 9385

SELL DHANIYA JUN BELOW 9405 TGTS 9475,9425 SL 9455

GUARSEED

BUY GUARSEED JUN ABOVE 5200 TGTS 5230,5280 SL 5150

SELL GUARSEED JUN BELOW 5065 TGTS 5035,4985 SL 5115


DAILY REPORT

30th MAY 2014


JPY/INR

BUY JPY/INR ABOVE 58.48 TGTS 58.63, 58.78 SL 58.27.

SELL JPY/INR BELOW 58.02 TGTS 57.87, 57.72 SL 58.23.

USD/INR

BUY USD/INR ABOVE 59.38 TGTS 59.53, 59.68 SL 59.17.

SELL USD/INR BELOW 58.77 TGTS 58.62, 58.47 SL 58.98.

CURRENCY ROUNDUP

The Indian rupee weakened for a fourth session in five on

Thursday as continued month-end dollar demand from oil

importers and weaker domestic shares offset the dollar

selling seen from corporates in early trade. The partially

convertible rupee closed at 59.03/04 per dollar compared

to 58.93/94 on Wednesday. In the offshore non-

deliverable forwards, the one-month contract was at 59.26

while the three-month was at 59.83.

India to sell 160-bn-rupee of bonds on May 30. The Re-

serve Bank of India said on Thursday it accepted all 18 bids

for 98.57 billion rupees ($1.67 billion) at its one-day repo

auction, through which it injects liquidity into the banking

system. Indian banks' refinancing with RBI falls to 289.53

billion rupees. Indian banks' cash balances with RBI fall to

3.23 trillion rupees. bond markets are likely to focus on the

outcome of the new 14-year government bond auction

today.

The yen nursed modest losses early in Asia on Friday, hav-

ing retreated from multi-month highs against the euro as

investors booked some profit before the weekend.

The pound was steady close to six-week lows against the

dollar on Thursday, one day after posting its largest one-

day decline in four months amid concerns that the U.K.

housing market could be losing some momentum. GBP/

USD hit lows of 1.6691, the lowest level since April 15 and

was last at 1.6705.

The euro's gains were held in check amid mounting expec-

tations that the European Central Bank will ease monetary

policy at its upcoming meeting next week, in order to safe-

guard the fragile recovery in the euro area. sterling was

near one-week lows against the euro, with EUR/GBP at

0.8134, just below Wednesday's highs of 0.8142.

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 58.8415 Yen-100 57.8500

Euro 80.0315 GBP 98.4065


DAILY REPORT

30th MAY 2014


CALL REPORT

PERFORMANCE UPDATES

Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

29/05/14 MCX GOLD JUNE BUY 26900 26980-27080 26800 SL TRIGGERED

29/05/14 MCX GOLD JUNE SELL 26730 26650-26550 26830 BOOKED PROFIT

29/05/14 MCX SILVER JULY BUY 40300 40500-40800 4000 NOT EXECUTED

29/05/14 MCX SILVER JULY SELL 40000 39800-39500 40300 BOOKED PROFIT

29/05/14 NCDEX GUARSEED JUNE BUY 5250 5280-5330 5200 NOT EXECUTED

29/05/14 NCDEX GUARSEED JUNE SELL 5195 5165-5115 5245 BOOKED FULL

PROFIT

29/05/14 NCDEX DHANIYA JUNE BUY 9475 9505-9555 9425 BOOKED FULL

PROFIT

29/05/14 NCDEX DHANIYA JUNE SELL 9380 9350-9300 9430 NOT EXECUTED

29/05/14 EUR/INR JUNE BUY 80.99 81.05-81.20 80.78 NOT EXECUTED

29/05/14 EUR/INR JUNE SELL 80.45 80.30-80.15 80.66 BOOKED PROFIT

29/05/14 GBP/INR JUNE SELL 98.94 98.79-98.64 99.15 BOOKED PROFIT

29/05/14 GBP/INR JUNE BUY 99.58 99.73-99.88 99.37 NOT EXECUTED

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

29/05/14 NIFTY FUTURE BUY 7350 7380-7410 7320 NOT EXECUTED

29/05/14 SAIL FUTURE SELL 92-90 85-82 95 CALL OPEN

29/05/14 ORIENTAL BANK FUTURE BUY 345-350 360-375 335 BOOKED FULL

PROFIT

29/05/14 AMBUJACEM CASH BUY 221 225-230 216 NOT EXECUTED

28/05/14 AUROPHARMA FUTURE BUY 635-640 655-670 625 CALL OPEN

28/05/14 PIDILITE IND CASH SELL 319 315-310 325 BOOKED FULL

PROFIT

27/05/14 ARVIND FUTURE SELL 188-190 182-178 195 BOOKED PROFIT

26/05/14 EMAMI LTD CASH BUY 464 480-495 450 CALL OPEN

23/05/14 ZEE FUTURE SELL 276-275 265-260 285 BOOKED FULL

PROFIT


DAILY REPORT

30th MAY 2014


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 26

MEMORIAL DAY NONE SCHEDULED

TUESDAY, MAY 27

8:30 AM DURABLE GOODS ORDERS APRIL 0.4% 2.5%

9 AM CASE-SHILLER HOME PRICE INDEX MARCH -- 12.9% YOY

9 AM FHFA HOME PRICE INDEX MARCH -- 6.9% YOY

10 AM CONSUMER CONFIDENCE INDEX MAY 83.0 83.2

WEDNESDAY, MAY 28

NONE SCHEDULED

THURSDAY, MAY 29

8:30 AM JOBLESS CLAIMS 5/24 N/A N/A

8:30 AM GDP REVISION Q1 -0.6% -0.1%

10 AM PENDING HOME SALES APRIL -- 3.4%

FRIDAY, MAY 30

8:30 AM PERSONAL INCOME APRIL 0.4% 0.5%

8:30 AM CONSUMER SPENDING APRIL 0.2% 0.9%

9:45 AM CHICAGO PMI MAY 60.8 63.0

10 AM UMICH CONSUMER SENTIMENT INDEX MAY 82.5 81.8


Stock market special report by epic research 30th may 2014

Documents

Transcript of Stock market special report by epic research 30th may 2014