Stock market special report by epic research 31 march 2014

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Transcript of Stock market special report by epic research 31 march 2014

  • 1. DAILY REPORT 31st MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Global equity markets ended higher on Friday but US stocks sharply pared gains after a late selloff in biotechnol- ogy shares, while euro zone government bond yields fell on renewed bets the European Central Bank will ease pol- icy next week. Japanese stocks rose to two-week highs on Friday choppy trade ahead of the approaching fiscal year-end, while Ya- hoo Japan Corp dived on questions over strategy following news it will buy mobile network operator eAccess from SoftBank Corp. Gains in Asian markets helped the Nikkei share average end 0.5 percent higher at 14,696.03, the best close since March 13. But trade was choppy, with the index falling to as low as 14,520.57 earlier. For the week, the index rose 3.3 percent. The broader Topix added 0.8 percent to 1,186.52, while the new JPX-Nikkei Index 400 advanced 0.8 percent to 10,740.32. Wall Street Update At the close, the Dow Jones industrial average was up 58.83 points, or 0.36 percent, at 16,323.06. The Standard & Poor's 500 Index rose 8.56 points, or 0.46 percent, to 1,857.60. The Nasdaq Composite Index finished up 4.53 points, or 0.11 percent, at 4,155.76. Previous day Roundup The Sensex ended up 125.60 points at 22339.97, and the Nifty closed up 54.15 points at 6695.90. About 1707 shares have advanced, 1048 shares declined, and 153 shares are unchanged. Both the Nifty, Sensex ended at record closing high. Nifty hit intra-day record high of 6701.6 while the Sensex hit intra-day record high of 22,364. Bank Nifty up for fifth day in a row, gained up to 1.2 percent. NSE cash volume at Rs 13,614 crore on first day of April Series. The rally was attributed to consistent inflow of foreign money, improvement in macros and hope of stable gov- ernment at centre post general elections. Index stats The Market was very volatile in yesterdays session. The sartorial indices performed as follow Consumer Durables [up 42.02pts], Capital Goods [up 93.43pts], PSU [up 135.16pts], FMCG [up 17.99pts], Realty [up 22.66pts], Power [up 50.84pts], Auto [up 31.38pts], Healthcare [up 84.06pts], IT [up 60.29pts], Metals [up 145.28pts], TECK [up 37.18pts], Oil& Gas [up 66.41pts]. World Indices Index Value % Change D J l 16,323.06 +0.36 S&P 500 1,857.62 +0.46 NASDAQ 4,155.76 +0.11 EURO STO 3,172.43 +1.23 FTSE 100 6,615.58 +0.41 Nikkei 225 14,696.03 +0.50 Hong Kong 22,065.53 +1.06 Top Gainers Company CMP Change % Chg PNB 760.00 55.00 +7.80 BANKBARODA 739.95 44.40 +6.38 TATAPOWER 86.75 4.00 +4.83 HINDALCO 131.10 5.70 +4.55 ULTRACEMCO 2,147.00 88.25 +4.29 Top Losers Company CMP Change % Chg CAIRN 330.50 3.65 -1.09 ONGC 327.55 3.45 -1.04 ITC 358.05 1.85 -0.51 TECHM 1,825.00 8.45 -0.46 Stocks at 52 Weeks high Symbol Prev. Close Change %Chg ACC 1,358.00 44.90 +3.42 BFUTILITIE 648.00 5.70 +0.89 CASTROL INDIA 311.00 13.30 +4.47 CENTURYTEX 364.00 7.60 +2.13 Indian Indices Company CMP Change % Chg NIFTY 6695.90 54.15 +0.82 SENSEX 22,339.97 125.60 +0.57 Stocks at 52 Weeks Low Symbol Prev. Close Change %Chg HINDNATGLS 143.00 4.05 -2.75 KOTHARIPRO 234.95 0.00 0.00 - -

2. DAILY REPORT 31st MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. PFC PFC FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 192 levels. We advise buying around 191-192 levels with strict stop loss 188 for the targets of 195-198 levels. 2. IDFC IDFC FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 125 levels. We advise buying around 124-125 levels with strict stop loss 122 for the targets of 128-130 levels. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. ADANI POWER ADANI POWER is looking strong on charts. We advise buying around 45-46 levels with strict stop loss of 41 for the targets of 49-54 levels. MACRO NEWS RBI Credit Policy will be announced on 1 April 2014. The RBI may keep status quo on key policy rates on Tues- day, although it may not be fully done with the tightening, foreign brokerages HSBC and RBS said. India's external debt was at USD 426 billion - including the govt's debt of USD 76.4 billion - at the end of December. The total external debt of USD 426 bn showed an increase of USD 21.1 bn over the March-end level. India and China would look at collaborations in semi-high speed rail and building world-class railway stations. The Reserve Bank today tightened and streamlined the norms regarding issuance of pre-paid payment instru- ments and capped their maximum value at Rs 50,000. The govt said it will borrow Rs 3.68 lakh cr in the first half of next fiscal, accounting for 61.5% of the total budget target for 2014-15, which will leave more scope for pri- vate sector to tap the market in the second half. India's power deficit has contracted to a record low of 3.3% in Feb. but consumers and producers continue to suffer as many people suffer while about a sixth of gen- eration projects worth about Rs 90,000cr. are idling. 3. DAILY REPORT 31st 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 6,600 63 1,40,508 32,90,300 NIFTY PE 6,500 39.7 1,18,819 33,49,500 NIFTY PE 6,700 97 1,15,038 18,83,300 BANKNIFTY PE 12,000 116 17,494 3,22,350 SBIN PE 1,850 42.2 2,229 1,00,875 RELIANCE PE 900 19.6 1,871 2,13,000 TCS PE 2,100 65 1,248 49,875 ICICIBANK PE 1,250 39.55 1,095 1,75,250 MOST ACTIVE CALL OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 6,800 79 1,69,159 26,31,800 NIFTY CE 6,700 130 1,31,852 33,93,600 NIFTY CE 6,900 43 1,09,748 18,54,500 BANKNIFTY CE 13,000 333 22,464 2,53,400 SBIN CE 1,900 82.85 10,089 8,05,375 RELIANCE CE 940 21.5 2,630 2,81,250 RCOM CE 130 7.45 2,372 15,36,000 ICICIBANK CE 1,300 35 2,139 3,65,000 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 46693 1558.66 37638 1252.42 370865 12404.87 306.24 INDEX OPTIONS 272715 8947.28 242748 7920.57 1155446 38634.02 1026.71 STOCK FUTURES 111167 3883.57 103063 3618.86 1056398 35899.01 264.71 STOCK OPTIONS 34852 1126.29 32806 1051.47 19447 682.91 74.82 TOTAL 59.40 INDICES R2 R1 PIVOT S1 S2 NIFTY 6,739.57 6,717.73 6,680.77 6,658.93 6,621.97 BANK NIFTY 12,879.37 12,848.20 12,725.17 12,662.83 12,570.97 STOCKS IN NEWS Top advertisers like Vodafone, Idea set to spend big on IPL after relief from Supreme Court. Gas price row: RIL likely to renew KG-D6 contracts for 1 yr. Coal India sets December deadline to firm up power biz. CSK's profits have partly compensated for the dip in fortunes of the flagship business of India Cements. Sun Pharma to buy Standard Chartered's Mumbai Tower for Rs 280 crore. NIFTY FUTURE Nifty Future closed in the green in the last trading ses- sion. We advise buying around 6690-6700 levels with strict stop loss of 6650 for the targets of 6750-6800. 4. DAILY REPORT 31st MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER(MAY) ABOVE 43300 TGTS 43550/43900 SL BE- LOW 43000 SELL SILVER(MAY) BELOW 42400 TGTS 42150/41800 SL 42700 GOLD TRADING STRATEGY: BUY GOLD(APR) ABOVE 28500 TGTS 28580/28700 SL 28400 SELL GOLD(APR) BELOW 28250 TGTS 28170/28050 SL 28350 COMMODITY ROUNDUP Due to positive US datas, a sharp fall seen in gold on friday, made low of 28119, and closed at 28380 level. For monday we expect price may correct up to 28480 level before going to touch 28000 level, a firm buying only above 28500 for 28800 level. The metal slumped well under $1300 per ounce today as the consumer spending in the US edged up in February at the fastest rate since November. The strength in US dollar also played its part as traders contin- ued to sell the metal. COMEX futures quote at $1288, down $7 per ounce on the day. MCX Gold quotes at Rs 28176, down Rs 273 per 10 grams on the day. Silver also fall from openning price and satteled at 42759. for Monday price may find support at 42000 level and for up side at 43200 level. Copper showed marginal uptick before the weekend. The prices were overcoming the fears from China and are show- ing some moves on the upside. The rise can also be due to bottom fishing rally in the metal. Copper April 14 contract was up by 0.26% to Rs 401.25 per kg, Copper M April 14 contract was up by 0.29% to Rs 401.35 per kg while Lead March 14 contract was down by 1.55% to Rs 123.65 per kg, Lead M May 14 contract was down by 1.72% to Rs 126.05 per kg, Nickel May 14 contract was down by 2.24% to Rs 957.10 per kg, Nickel M April 14 contract was down by 2.21% to Rs 951.70 per kg, Zinc May 14 contract was down by 1.31% to Rs 120.40 per kg, Zinc M May 14 contract was down by 0.87% to Rs 120.30 per kg, Aluminium May 14 con- tract was down by 0.75% to Rs 105.30 per kg and Alumini April 14 contract was down by 0.72% to Rs 103.75 per kg. Crude oil May 14 contract was up by 1.07% to Rs 6130.00 per barrel and Natural gas April 14 contract was up by 2.02% to Rs 272.70 per MMBTU. Crude oil futures pushed higher Friday, extending strong weekly gains on concerns about global supplies. Prices rose for a third consecutive session as protesters in Libya blocked a key pipeline and tensions over Ukraine threat- ened to interrupt production from Russia. At the same time, positive U.S. consumer spending data boosted the pros- pects for demand from the world's largest economy. May crude rose 39 cents, or 0.4%, for the session to settle at $101.67 a barrel on the New York Mercantile Exchange. U.S. crude oil was up 2.2 percent for the week. COMMODITY MCX 5. DAILY REPORT 31st MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS DHANIYA BUY DHANIYA APR ABOVE 9185 TGTS 9215,9265 S