Stock market special report by epic research 5th august 2014

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Transcript of Stock market special report by epic research 5th august 2014

  • DAILY REPORT 05th AUGUST 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Asian stocks slipped on Tuesday after a survey showed China's services sector growth fell to a record low, pouring cold water on the positive market mood following upbeat U.S. earnings and relief over Portugal's rescue of its largest bank. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.5 percent, turning negative after the China services purchasing managers' index(PMI) compiled by HSBC/Markit fell to 50.0 in July from a 15-month high of 53.1 in June. Nikkei fell 0.2 percent and mainland Chinese shares slipped 0.5 percent from a seven-month high hit just before the data. A drop in the German and Swiss stock exchanges weighed on European shares on Monday, as the economic impact of sanctions against Russia offset some relief over a Banco Espirito Santo rescue deal. The DAX underperformed the broader pan-European FTSEurofirst 300 index, which fell 0.2 percent to 1,330.12 points while the euro zone's blue- chip Euro STOXX 50 index fell 0.1 percent to 3,070.46 points. Wall Street Update U.S. Stocks closed higher on Monday, lifted in a late rally driven by earnings from Warren Buffett's Berkshire Hatha- way and broad gains across most sectors that helped the S&P 500 rebound from its largest weekly drop since 2012. The Dow Jones industrial average .DJI rose 75.91 points, or 0.46 percent, to end at 16,569.28. The S&P 500 .SPX gained 13.84 points, or 0.72 percent, to 1,938.99. The Nasdaq Composite .IXIC added 31.25 points, or 0.72 per- cent, to close at 4,383.89. Previous day Roundup As the market continued its consolidation, technology, banks and auto stocked drove the indices ahead of RBI monetray policy. The Sensex ended up 242.32 points or 1 percent at 25723.16 and the Nifty was up 81.05 points or 1 percent at 7683.65. About 1804 shares have advanced, 1113 shares declined, and 109 shares are unchanged. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 264.63pts], Capital Goods [up 226.11pts], PSU [up 98.81pts], FMCG [up 80.28pts], Auto [up 228.63pts], Healthcare [down 12.44pts], IT [up 199.51Pts], Metals [up 185.27pts], TECK [up 93.94pts], Oil& Gas [up 128.79pts], Power [up 36.23pts], Realty [up 19.82pts]. World Indices Index Value % Change D J l 16569.28 +0.46 S&P 500 1938.90 +0.72 NASDAQ 483.89 +0.72 EURO STO 3070.46 -0.07 FTSE 100 6677.52 -0.02 Nikkei 225 15436.6 -0.24 Hong Kong 24584.51 -0.06 Top Gainers Company CMP Change % Chg BPCL 604.50 27.15 4.70 HINDALCO 192.40 8.10 4.40 INFY 3,460.10 118.80 3.56 NMDC 175.45 5.70 3.36 JINDALSTEL 275.95 8.80 3.29 Top Losers Company CMP Change % Chg HDFC 1,030.20 9.45 -0.91 SUNPHARMA 762.00 6.80 -0.88 BHARTIARTL 378.15 1.90 -0.50 CIPLA 440.75 1.75 -0.40 HDFCBANK 813.00 2.45 -0.30 Stocks at 52 Weeks high Symbol Prev. Close Change %Chg AJANTPHARM 1742.00 67.45 +4.03 BHARATFORG 749.80 25.9 +3.58 HINDUNILVR 699.00 5.45 +0.79 IGL 380.55 0.05 +0.01 TVTODAY 164.55 27.4 +19.98 Indian Indices Company CMP Change % Chg NIFTY 7683.65 +81.05 +1.07 SENSEX 25723.16 +242.32 +0.95 Stocks at 52 Weeks Low Symbol Prev. Close Change %Chg BHUSHAN STEEL 379.00 13.70 -3.49
  • DAILY REPORT 05th AUGUST 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. TATA CHEM FUTURE TATA CHEM FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 350 levels. We advise buying around 350-354 levels with strict stop loss of 345 for the targets of 360-365 levels. 2. CESC FUTURE CESC FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 680 levels. We advise buying above 680 levels with strict stop loss of 665 for the targets of 700-715 levels. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. AMTEK AUTO AMTEK AUTO strong on daily chart. We advise buying around 270 level with strict stop loss 266 for the targets of 274-278 MACRO NEWS Results Today: Hero Motocorp , Crompton Greaves , Bata India , NHPC , Sintex , Welspun Projects , Tata Chemicals , Jubilant Industries, EIH, Ajanta Pharma, Gateway Distri- parks, Hanung Toys, Tourism Finance Corporation, Pheonix International, Viceroy Hotel, Tree House, Tata Investment Corporation, NRB Inds, Mandhana, KRBL, JB Chemicals, Honda Siel Power, Hindustan Motors, Capital First, Brigade Enterprise. RBI will announce its Monetary policy today at 11 AM. RBI likely to hold rates steady, may cut SLR. India services PMI to be released at 10:30 a.m. India to build pipeline to Nepal for oil products. The premier public sector bank has revised interest rates on its foreign currency non-resident (Banking) deposits with immediate effects. Bajaj Auto reported 9 per cent increase in motorcycle sales at 2,67,841 units in July 2014. The company had sold 2,46,828 units in the same month last year. Indian drugmakers to pay higher facility fees on US hike. he new rates, applicable on companies from all nations, are effective from Oct 1 and will remain in force through Sept 30, 2015, as per FDA.
  • DAILY REPORT 05th AUGUST 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 7,600 63 2,50,404 50,71,550 NIFTY PE 7,500 39.25 1,99,223 51,84,100 NIFTY PE 7,400 23.2 1,32,276 33,23,900 BANKNIFTY PE 14,500 79.65 17,188 1,70,600 SBIN PE 2,400 51.4 1,823 1,23,375 MCDOWELL-N PE 2,300 21.25 1,624 1,08,250 RELIANCE PE 980 17.5 1,373 3,06,750 INFY PE 3,400 55.4 1,368 62,750 MOST ACTIVE CALL OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 7,800 71.3 2,39,524 33,58,750 NIFTY CE 7,700 120 2,14,410 30,85,700 NIFTY CE 7,900 38.65 1,57,872 32,19,550 BANKNIFTY CE 16,000 111.95 27,009 3,37,500 INFY CE 3,500 74.4 4,513 1,99,250 SBIN CE 2,500 78.45 3,116 7,62,625 RELIANCE CE 1,000 20.2 2,978 7,70,250 MCDOWELL-N CE 2,400 60.75 2,405 1,59,375 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 47810 1836.47 40318 1546.96 258593 9970.64 289.51 INDEX OPTIONS 238349 9115.40 246177 9389.61 1238625 47575.41 -274.21 STOCK FUTURES 71761 2641.84 50694 1912.78 1375022 49640.86 729.06 STOCK OPTIONS 42153 1560.86 39356 1452.69 44947 1604.10 108.17 TOTAL 852.54 INDICES R2 R1 PIVOT S1 S2 NIFTY 7,739.58 7,711.62 7,666.83 7,638.87 7,594.08 BANK NIFTY 15,430.25 15,336.30 15,232.20 15,138.25 15,034.15 STOCKS IN NEWS IGL says to acquire 5 cr shares at Rs 38/share in Ma- harashtra Natural Gas Jubilant Industries seeks shareholder nod to approve borrowing limit of Rs 500 crore Prism Informatics board to consider rights issue on August 8 ING Vysya Bank seeks shareholders' nod to set borrow- ing limit at Rs 20,000 crore NMDC -April-July iron ore production at 9.88 million tonnes (mt) versus 8.87 mt (YoY) -April-July iron ore sales at 11.11 mt versus 9.40 mt (YoY). NIFTY FUTURE Nifty Future closed upside in the last trading session. We advise selling around 7730 level with strict stop loss of 7680 for the targets of 7780-7830
  • DAILY REPORT 05th AUGUST 2014 YOUR MINTVISORY Call us at +91-731-6642300 COMMODITY MCX RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER SEP ABOVE 44550 TGTS 44750,45050 SL 44250 SELL SILVER SEP BELOW 44100 TGTS 43900,43600 SL 44400 GOLD TRADING STRATEGY: BUY GOLD OCT ABOVE 28250 TGTS 28330,28430 SL 28150 SELL GOLD OCT BELOW 28050 TGTS 27970,27870 SL 28150 COMMODITY ROUNDUP Silver prices were marginally down by 0.08% to Rs 44,391 per kg yesterday as speculators trimmed positions amidst a weak trend overseas. At the MCX, silver for delivery in Sep- tember traded lower by Rs 36, or 0.08%, to Rs 44,391 per kg in a business turnover of 256 lots. Similarly, the white metal for delivery in December declined by Rs 30, or 0.07%, to Rs 45,160 per kg in a business volume of five lots. In the inter- national market, silver fell by 0.40% to USD 20.25 an ounce in Singapore, the lowest since June 19. Offloading of posi- tions by speculators, triggered by a weak trend in global markets, led to the fall in silver prices at futures trade here. Gold traded in red as dollar surged on Monday, while eco- nomic data event is empty for the day. Gold has been under heavy selling pressure in recent weeks as an improving U.S. economy fuelled speculation that the Fed will hike interest rates sooner than expected, which would reduce the need for gold for use as a hedge against loose monetary policy. The COMEX Gold December quotes at $1,292.90, down $1.90 a troy ounce and Silver September quotes at $20.388 a troy ounce, up $ 0.017 on Monday. Local Gold futures off the high on weak global cues amid strong Indian rupee on Monday. MCX Gold October delivery quotes at Rs 28,165, down Rs 61 and Silver September quotes at Rs 44,415, down Rs 9 on Monday. Local currency quotes at Rs 60.92, down 0.41% on Monday. The price of sponge iron has fallen by 11% in the past two months, due to weaker than expected demand from steel mills. The steel-making input is quoting at Rs 20,500 a tonne, as against Rs 23,000 a tonne about eight weeks ear- lier. This was after a marginal rise at the beginning of June, amid expectations of improved sentiment in the infrastruc- ture and housing sectors. Nickel futures traded a shade lower at Rs 1,131.40 per kg yesterday as participants kept their positions restricted amidst sluggish demand from alloy-makers in the domestic spot market. At the MCX, nickel for delivery in September fell by 70 paise, or 0.06%, to Rs 1,131.40 per kg in a busi- ness turnover of 18 lots. The metal for delivery in August also shed 50 paise, or 0.04%, to Rs 1,126.20 per kg in a turn- over of 858 lots.
  • DAILY REPORT 05th AUGUST 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS DHANIYA BUY DHANIYA AUG ABOVE 11880 TGTS 11910,11960 SL 11830 SELL DHANIYA AUG BELOW 11770 TGTS 11740,11690 SL 11810 GUARSEED BUY GUARSEED AUG ABOVE 4930 TGTS 4960,4010 SL 4890 SELL GUARSEED AUG BELOW 4840 TGTS 4810,4760 SL 4890 NCDEX NCDEX INDICES Index Value % Change Castor Seed 4144 -2.91 Chana 2775 -1.07 Coriander 11863 -0.42 Cotton Seed Oilcake 1685 +0.12 Guarseed 4920 -1.80 Jeera 11170 -0.62 Mustard seed 3581 -0.39 Soy Bean 3650 -0.76 Sugar M Grade 3000 -0.20 Turmeric 6676 +3.99 NCDEX ROUNDUP Jeera prices fell 0.49% to Rs 11,185 per quintal in futures trade yesterday as speculators offloaded positions amidst adequate supplies from producing regions. At the NCDEX, jeera for delivery in August fell by Rs 55, or 0.49%, to Rs 11,185 per quintal with an open interest of 4,824 lots. Simi- larly, the spice for delivery in September shed Rs 55, or 0.48%, to Rs 11,380 per quintal in 4,809 lots. The fall in jeera futures to offloading of positions by speculators on the back of adequate stocks position. Turmeric prices shot up by 2.29% to Rs 6,780 per quintal in futures trading yesterday as speculators indulged in creating fresh positions amid rising demand in the spot market. Be- sides, tight stocks position in the physical market following fall in supplies from producing regions also supported the upside in turmeric prices. At NCDEX, turmeric for delivery in September spurted by Rs 152, or 2.29%, to Rs 6,780 per quintal with an open interest of 6,560 lots. Similarly, the spice for delivery in August gained Rs 128, or 1.99%, to Rs 6,548 per quintal in 11,265 lots. Chana prices fell 0.69% to Rs 2,871 per quintal in futures trade yesterday as speculators trimmed positions amidst increased supplies from producing regions in the spot mar- ket against weak demand. At NCDEX, chana for delivery in September moved down by Rs 20, or 0.69%, to Rs 2,871 per quintal with an open interest of 1,15,010 lots. Similarly, the commodity for delivery in August traded lower by Rs 18, or 0.64%, to Rs 2,787 per quintal in 92,020 lots.
  • DAILY REPORT 05th AUGUST 2014 YOUR MINTVISORY Call us at +91-731-6642300 JPY/INR BUY JPY-INR ABOVE 59.80 TG 60,60.30 SL 59.50 SELL JPY-INR ABOVE 59.54 TG 59.24,58.95 SL 59.74 GBP/INR BUY GBP-INR ABOVE 103.55 TG 103.75,104.05 SL 103.25 SELL GBP-INR ABOVE 102.70 TG 102.50,102.30 SL 103 CURRENCY ROUNDUP Euro pared the recovery against the greenback on Monday, the pair quotes at $1.342, down 0.07% and the US dollar index quotes at 81.44, up 0.06%. The U.S. dollar was stuck below a 10-1/2 month peak against a basket of major currencies early on Tuesday, hav- ing lapsed into uneventful trade in the usual post-payrolls data lull. Oil prices on both sides of the Atlantic climbed on Monday, as investors shifted their attention from worries about swelling supplies to concerns about ongoing violence in Libya and other global hotspots. U.S. Treasuries prices edged up on Monday amid receding investor worries over an earlier-than-expected interest-rate hike by Federal Reserve policymakers. The Indian rupee snapped a two-session falling streak on Monday aided by good dollar selling by corporates,including exporters, while gains in the domestic share market also underpinned sentiment. The Reserve Bank of India is likely to leave its key interest rate unchanged on August 5 and won't ease policy until early next year on fears food infla- tion will spike if monsoon rains are below average. The partially convertible rupee closed at 60.93/94 per dollar compared to 61.18/19 on Friday. The rupee moved in a wide range of 60.8750 to 61.1650 during the day. The unit gained 0.4 percent on Monday, its biggest single-day gain since July 11. Total foreign fund inflows into India so far in 2014 have reached $26.16 billion across debt and equities. In the off- shore non-deliverable forwards, the one-month contract was at 61.32 while the three-month contract was at 61.92. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 61.0187 Yen-100 59.4100 Euro 81.9061 GBP 102.6945
  • DAILY REPORT 05th AUGUST 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 04/08/14 MCX GOLD OCT. BUY 28310 28390-28490 28210 NOT EXECUTED 04/08/14 MCX GOLD OCT. SELL 28160 28020-27980 28260 BOOKED PROFIT 04/08/14 MCX SILVER SEP. BUY 44550 44750-45050 44250 SL TRIGGERED 04/08/14 MCX SILVER SEP. SELL 44300 44100-43800 44600 BOOKED PROFIT 04/08/14 NCDEX GUARSEED AUG. BUY 5040 5070-5120 4990 NOT EXECUTED 04/08/14 NCDEX GUARSEED AUG. SELL 4985 4955-4905 5035 BOOKED FULL PROFIT 04/08/14 NCDEX DHANIYA AUG. BUY 11940 11970-12020 11890 NOT EXECUTED 04/08/14 NCDEX DHANIYA AUG. SELL 11865 11835-11785 11915 BOOKED FULL PROFIT 04/08/14 USD/INR JULY BUY 61.67 61.97-62.27 61.37 NOT EXECUTED 04/08/14 USD/INR JULY SELL 61.16 59.96-59.66 61.46 NOT EXECUTED 04/08/14 JPY/INR JULY SELL 59.46 59.26-58.95 59.76 NOT EXECUTED 04/08/14 JPY/INR JULY BUY 59.84 60.04-60.34 59.74 SL TRIGGERED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 04/08/14 NIFTY FUTURE SELL 7600 7550-7500 7650 CALL OPEN 04/08/14 CENTURYTEX FUTURE SELL 590-595 585-580 600 BOOKED PROFIT 04/08/14 TITAN FUTURE SELL 330-335 325-320 340 SL TRIGGERED 04/08/14 LIBERTY SHOE CASH SELL 266 262-258 270 NOT EXECUTED 31/07/14 HAVELLS FUTURE SELL 1180-1190 1150-1120 1220 SL TRIGGERED
  • DAILY REPORT 05th AUGUST 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, AUG. 4 NONE SCHEDULED TUESDAY, AUG. 5 10 AM ISM NONMANUFACTURING JULY -- 56.0% 10 AM FACTORY ORDERS JUNE -- -0.5% WEDNESDAY, AUG. 6 8:30 AM TRADE DEFICIT JUNE -- -$44.4 BLN THURSDAY, AUG. 7 8:30 AM WEEKLY JOBLESS CLAIMS AUG. 2 -- N/A 3 PM CONSUMER CREDIT JUNE -- $19.6 BLN FRIDAY, AUG. 8 8:30 AM PRODUCTIVITY Q2 -- -3.2% 8:30 AM UNIT LABOR COSTS Q2 -- 5.7% 10 AM WHOLESALE INVENTORIES JUNE -- 0.5%