Stock market special report by epic research 17th july 2014

DAILY REPORT

17th JULY 2014

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Global markets at a glance

European shares gained in early deals on Wednesday, buoyed by strength in miners after Chinese growth slightly beat expectations, hinting at resilient demand in the world's largest metals consumer. The STOXX Europe 600 Basic Resources index rose 0.6 percent. The pan-European FTSEurofirst 300 rose 0.4 percent to 1,363.63, recouping the previous session's losses.

Asian equities gained on Thursday, lifted by another re-cord-high close on Wall Street, while the euro probed recent lows against the dollar amid speculation the U.S. Federal Reserve is tilting toward tighter monetary policy in light of a stronger economy. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.2 percent. Tokyo's Nikkei gained 0.3 percent, helped by a weaker yen.

Wall Street Update

US stocks rose on Wednesday, with the Dow Jones indus-trial average closing at a record high, boosted by the lat-est merger news and some strong corporate earnings. The Dow Jones industrial average rose 77.52 points or 0.45 percent, to end at 17,138.20. The S&P 500 gained 8.29 points or 0.42 percent, to 1,981.57. The Nasdaq Composite added 9.58 points or 0.22 percent, to

4,425.97.

The S&P 500 technology index rose 1 percent and ranked among the day's best-performing sectors in the S&P 500.

Previous day Roundup

The market managed to hold hefty gains supported by financials. The Sensex was up 321.07 points or 1.27 per-cent at 25549.72 and the Nifty gained 97.75 points or 1.3 percent to end at 7624.40. About 1977 shares advanced, 970 shares declined, and 99 shares were unchanged.

Overseas investors bought Indian shares worth 6.21 bil-lion rupees ($103.47 million) on Wednesday, provisional exchange data shows.

Index stats

The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 12.89pts], Capital Goods [up 233.45pts], PSU [up 70.53pts], FMCG [up 33.55pts], Realty [up 82.61pts], Power [up 27.67pts], Auto [up 222.85pts], Healthcare [up 88.37pts], IT [up 16.95Pts], Metals [up 280.32pts], TECK [up 23.57 pts], Oil& Gas [up 132.05pts].

World Indices

Index Value % Change

D J l 17138.20 +0.45

S&P 500 1981.57 +0.42

NASDAQ 4425.97 +0.22

EURO STO 3202.94 +1.56

FTSE 100 6784.67 +1.11

Nikkei 225 15411.75 +0.21

Hong Kong 23537.97 +0.06

Top Gainers

Company CMP Change % Chg

IDFC 163.40 13.40 8.93

DLF 226.15 13.05 6.12

ICICIBANK 1,465.00 70.40 5.05

HINDALCO 182.90 8.20 4.69

AXISBANK 1,975.00 76.10 4.01

Top Losers


BAJAJ-AUTO 2,137.25 18.50 -0.86

ASIANPAINT 580.00 2.50 -0.43

HDFC 976.40 1.15 -0.12

ULTRACEMCO 2,517.00 2.30 -0.09

GAIL 460.00 0.20 -0.04

Stocks at 52 Week’s high

Symbol Prev. Close Change %Chg

ADANIPPORTS 285 22.05 +8.39

BAJAJFINSV 944.30 18.90 +2.04

RANBAXY 557.65 1.40 +0.25

RSSOFTWARE 389.40 50.60 +14.94

ZEEL 300.90 5.10 +1.72

Indian Indices


NIFTY 7624.40 +97.75 +1.30

SENSEX 25549.72 +321.07 +1.27

Stocks at 52 Week’s Low

Symbol Prev. Close Change %Chg

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DAILY REPORT

17th JULY 2014


STOCK RECOMMENDATIONS [FUTURE]

1. SSLT FUTURE

SSLT FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 300 levels. We advise buying around 297-300 levels with strict stop loss of 292 for the targets of 308-315 levels.

2. ADANI PORTS FUTURE

ADANI PORTS FUTURE looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 285 levels. We advise buying around 282-285 levels with strict stop loss of 276 for the targets of 290-295 lev-els.

EQUITY CASH & FUTURE

STOCK RECOMMENDATION [CASH]

1. ASTRA MICROWARE

ASTRA MICROWAVE strong on daily chart. We advise buying

around 140 level with strict stop loss 137.50 for the targets

of 142.50-145

MACRO NEWS

Federal Bank reported strong earnings with Q1 (April-

June) net profit surging 108 percent to Rs 220.2 crore

compared to Rs 105.7 crore in same quarter last year,

aided by sharp fall in provisions and improvement in asset

quality performance despite fall in other income.

The June trade deficit touched 11-month high to USD

11.76 bn against USD 11.23 bn MoM and USD 11.28 bn Y-

o-Y. Even though the exports rose 10.2% to USD 26.48 bn

YoY, it declined from USD 28bn MoM. Even the imports

which grew 8.3% to USD 38.24 bn Y-o-Y, dipped margin-

ally from USD 39.23bn MoM.

Kotak M. Bank reported stable earnings with consolidated

net profit rising 11.3% YoY to Rs 698.3cr on account of

lower provisions and higher other income but higher op-

erating expenses limited profitability.

The govt is going ahead with the proposal to split the post

of chairman and managing director in PSU banks as part

of a top-deck restructuring.

Losses on diesel sales fall to Rs 2.49 per litre. Cost of die-

sel production had more than doubled to Rs 3.40 a litre in

the first half of July as violence in Iraq spooked interna-

tional oil markets.


DAILY REPORT

17th JULY 2014


FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts

)

Open

Interest

NIFTY PE 7,500 29.75 5,09,770 60,77,150

NIFTY PE 7,400 14.75 3,33,282 49,78,250

NIFTY PE 7,300 7.7 2,53,478 46,87,100

BANKNIFTY PE 14,500 45 31,303 4,07,600

SBIN PE 2,500 26 4,932 2,28,375

IDFC PE 150 1.7 3,948 22,04,000

ICICIBANK PE 1,400 10 2,654 3,30,750

RELIANCE PE 980 13.85 1,724 3,37,250

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 7,600 114 4,88,330 47,22,500

NIFTY CE 7,700 60.2 4,41,057 43,73,100

NIFTY CE 7,800 27.75 3,01,561 47,80,000

BANKNIFTY CE 15,500 198.95 43,976 4,39,325

IDFC CE 160 6.4 8,601 22,80,000

SBIN CE 2,600 50.2 8,086 3,65,250

RELIANCE CE 1,000 18.5 5,855 10,57,250

ICICIBANK CE 1,500 19 4,263 5,83,750

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 59912 2273.36 60542 2298.09 344604 13168.86 -24.74

INDEX OPTIONS 419586 15713.78 387602 14475.90 1714263 65356.33 1237.87

STOCK FUTURES 99262 3630.80 79421 2889.74 1543199 55919.19 741.06

STOCK OPTIONS 66918 2494.08 66991 2496.24 114490 4277.30 -2.16

TOTAL 1952.04

INDICES R2 R1 PIVOT S1 S2

NIFTY 7,706.63 7,665.52 7,598.98 7,557.87 7,491.33

BANK NIFTY 15,483.92 15,374.68 15,190.57 15,081.33 14,897.22

STOCKS IN NEWS

Results today: TCS , Bajaj Auto , Reliance Industrial In-frastructure , Mindtree , Gruh Finance , Sasken Com-munications , Agro Tech Foods.

Adani Ports has received environment and coastal regulation zone approvals for Mundra SEZ.

Ashok Leyland introduces 2015 models in Saudi Arabia.

M&M: 1.8 cr shares to be sold in open market today.

Adani Enterprises -Board to meet on August 9 to mull borrowing up to Rs 2,500 crore.

NIFTY FUTURE

Nifty Future closed upside in the last trading session. We advise buying around 7680 level with strict stop loss of 7630 for the targets of 7730-7780


DAILY REPORT

17th JULY 2014


COMMODITY MCX

RECOMMENDATIONS

SILVER

TRADING STRATEGY:

BUY SILVER SEP ABOVE 44800 TGTS 45000,45300 SL 44500

SELL SILVER SEP BELOW 44400 TGTS 44200,43900 SL 44700

GOLD

TRADING STRATEGY:

BUY GOLD AUG ABOVE 27770 TGTS 27850,27950 SL 27670

SELL GOLD AUG BELOW 27560 TGTS 27480,27380 SL 27660

COMMODITY ROUNDUP

Silver prices fell by 0.41 per cent to Rs 44,672 per kg in fu-

tures trade yesterday largely in tune with a weak trend

overseas amid profit-booking by speculators. At MCX, silver

for delivery in September traded lower by Rs 188, or 0.41%,

to Rs 44,672 per kg in a business turnover of 781 lots. De-

cember silver declined by Rs 182, or 0.40 per cent, to Rs

45,541 per kg in a business volume of 28 lots. In the inter-

national market, silver traded 0.89% lower at $20.72 an

ounce in New York in yesterday's trade. Apart from profit-

booking by participants, a weak trend in global markets as

the outlook for higher borrowing costs in the US strength-

ened the dollar and damped demand for an alternative in-

vestment, led to the fall in silver prices at futures trade.

U.S. crude oil extended gains after rising more than $1 the

previous day after government data showed a sharp fall in

U.S. crude stocks last week. U.S. crude CLc1 was up 0.3 per-

cent at $101.53 a barrel.

Aluminium held steady after touching a 16-month high on

Wednesday in light of upbeat data from top consumer

China amid producer cutbacks and eroding inventories.

Benchmark three-month aluminium CMAL3 on the London

Metal Exchange was up 0.1 percent at $1,971 a tonne after

surging to $1,993 on Wednesday, the highest since March

2013.

Shanghai copper fell to its lowest in a fortnight as jitters

over a possible bond default in China's construction sector

triggered a round of profit taking. The most-traded Septem-

ber copper contract on the Shanghai Futures Exchange

SCFcv1 slid 1 percent to 50,050 yuan ($8,100)a tonne in

overnight trade.

Lead futures rose marginally by 0.08% to Rs 132.25 per kg

yesterday as participants enlarged positions amidst rising

demand from battery-makers in the domestic spot market.

At MCX, lead for delivery in July traded higher by 10 paise,

or 0.08%, to Rs 132.25 per kg, with a turnover of 432 lots.

The metal for delivery in August gained five paise, or 0.04%,

to Rs 133.35 per kg in a business volume of 15 lots. Apart

from domestic demand, particularly from battery-makers,

the metal's gain at LME, influenced lead prices at futures

trade.


DAILY REPORT

17th JULY 2014


RECOMMENDATIONS

DHANIYA

BUY DHANIYA AUG ABOVE 12075 TGTS 12105,12155 SL

12025

SELL DHANIYA AUG BELOW 11985 TGTS 11955,11905 SL

12035

GUARSEED

BUY GUARSEED AUG ABOVE 5670 TGTS 5700,5750 SL 5620

SELL GUARSEED AUG BELOW 5590 TGTS 5560,5510 SL 5640

NCDEX

NCDEX INDICES

Index Value % Change

Castor Seed 4106 -3.00

Chana 2772 -0.79

Coriander 11445 +1.26

Cotton Seed Oilcake 1695 -0.94

Guarseed 5535 -0.09

Jeera 11470 -0.04

Mustard seed 3574 +0.11

Soy Bean 3968 +0.18

Sugar M Grade 3007 +0.03

Turmeric 6228 -1.80

NCDEX ROUNDUP

With rising import of vegetable oils, tax evasion and other

malpractices have also increased. Now trade circles reveal huge tax evasion by importers of the oils which is going un-caught. As per the estimates, in last six months Rs.150 crore of value added tax was evaded by giving wrong declaration in imports only on JNPT port in Mumbai.

Crude palm oil prices were up by 0.82% to Rs 524.40 per 10 kg in futures market yesterday as speculators enlarged their positions, driven by rising demand in the spot markets. At MCX, crude palm oil for delivery in July moved up by Rs

4.30, or 0.82%, to Rs 524.40 per 10 kg in business turnover of 153 lots. Similarly, the oil for delivery in August edged up by Rs 4, or 0.78%, to Rs 515.50 per 10 kg in 117 lots. Fresh positions created by speculators following rising demand in the spot markets, mainly influenced crude palm oil prices at futures trade.

Cardamom prices rose by Rs 6.20 to Rs 923.40 per kg in fu-tures trade yesterday as speculators created fresh positions, supported by rising demand in the spot markets. At MCX, cardamom for delivery in August rose Rs 6.20, or 0.67%, to Rs 923.40 per kg in business turnover of 140 lots. Similarly, the spice for delivery in Sept. traded higher by Rs 4.50, or 0.45%, to Rs 904 per kg in 20 lots. Fresh positions created by speculators following pick up in demand in the spot mar-kets against restricted arrivals from producing regions mainly led to the rise in cardamom prices at futures trade.


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

DAILY REPORT

17th JULY 2014


EUR/INR

SELL EUR/INR BELOW 81.44 TGTS 81.29, 81.14 SL 81.64.

BUY EUR/INR ABOVE 81.76 TGTS 81.91, 82.06 SL 81.56.

USD/INR

SELL USD/INR BELOW 60.16 TGTS 60.01, 59.86 SL 60.36.

BUY USD/INR ABOVE 60.45 TGTS 60.61, 60.76 SL 60.25.

CURRENCY ROUNDUP

The Indian rupee ended unchanged on Wednesday as the

dollar strength overseas and greenback buying by state run

banks were offset by gains in local shares. The rupee also

did not move significantly after data showed India's exports

in June rose 10.22 percent from a year earlier, as overall

analysts called the numbers mixed.

The partially convertible rupee ended at 60.12/13 per dol-

lar, unchanged from the Tuesday closing. The rupee contin-

ued to be weighed down by dollar demand from state-run

banks for oil-and defence-related payments and by gains of

the U.S. currency overseas following a comment by Federal

Reserve head Janet Yellen that U.S. rates could rise sooner if

employment continued to improve.

In the offshore non-deliverable forwards, the one-month

contract was at 60.31/41, while the three-month was at

60.82/92.

The dollar was higher against some peers following disap-

pointing economic reports in Europe and comments by Fed-

eral Reserve Chair Janet Yellen before this week that sug-

gested rate hikes may come sooner than expected with the

economy showing signs of a recovery taking hold. The dollar

traded little changed at 101.56 yen JPY= having gained

about 0.4 percent so far this week against the Japanese

unit. The euro EUR= stood at $1.3531, not far from a one-

month low of $1.3520 hit the previous day.

The euro wallowed at five-month lows against the yen on

Thursday and held near a two-year trough on sterling, hav-

ing weakened broadly overnight in a move that should pro-

vide some comfort to the European Central Bank.

U.S. benchmark Treasury yields edged lower on Wednesday,

slipping back from an early boost delivered after data sug-

gesting the world's largest economy is on solid footing.

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 60.1903 Yen-100 59.1900

Euro 81.6560 GBP 103.1361


DAILY REPORT

17th JULY 2014


CALL REPORT

PERFORMANCE UPDATES

Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

16/07/14 MCX GOLD AUG. BUY 27900 27980-28080 27800 NOT EXECUTED

16/07/14 MCX GOLD AUG. SELL 27560 27480-27380 27660 NOT EXECUTED

16/07/14 MCX SILVER SEP. BUY 45250 45450-45750 46100 NOT EXECUTED

16/07/14 MCX SILVER SEP. SELL 44600 44400-44100 44900 BOOKED PROFIT

16/07/14 NCDEX GUARSEED AUG. BUY 5740 5770-5820 5690 NOT EXECUTED

16/07/14 NCDEX GUARSEED AUG. SELL 5645 5615-5565 5695 BOOKED PROFIT

16/07/14 NCDEX DHANIYA AUG. BUY 12000 12030-12080 11950 BOOKED FULL

PROFIT

16/07/14 NCDEX DHANIYA AUG. SELL 11870 11840-11790 11920 NOT EXECUTED

16/07/14 JPY/INR JULY BUY 59.48 59.63-59.78 59.28 NOT EXECUTED

16/07/14 JPY/INR JULY SELL 59.03 58.88-58.73 59.23 NOT EXECUTED

16/07/14 GBP/INR JULY SELL 103.01 102.86-102.71 103.21 NOT EXECUTED

16/07/14 GBP/INR JULY BUY 103.44 103.59-103.74 103.24 SL TRIGGERED

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

07/07/14 NIFTY FUTURE BUY 7800 7850-7900 7750 CALL OPEN

07/07/14 TATACOMM FUTURE BUY 405-410 425-435 390 CALL OPEN

07/07/14 RELIANCE FUTURE BUY 1030-1040 1060-1090 1000 CALL OPEN

07/07/14 INDIAN BANK CASH BUY 190 193.5-197 186.5 NOT EXECUTED


04/07/14 GLENMARK FUTURE BUY 605-610 620-635 590 SL TRIGGERED

04/07/14 SAIL FUTURE SELL 95 92-89 98 CALL OPEN


01/07/14 IDFC FUTURE BUY 132-135 138-140 128 BOOKED FULL

PROFIT


DAILY REPORT

17th JULY 2014


NEXT WEEK'S U.S. ECONOMIC REPORTS

ECONOMIC CALENDAR

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Disclaimer

TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS

MONDAY, JULY 14

NONE SCHEDULED

TUESDAY, JULY 15

8:30 AM RETAIL SALES JUNE 0.6% 0.3%

8:30 AM RETAIL SALES EX-AUTOS JUNE 0.6% 0.1%

8:30 AM IMPORT PRICE INDEX JUNE 0.4% 0.1%

8:30 AM EMPIRE STATE INDEX JULY 17.9 19.3

10 AM JANET YELLEN TESTIMONY

10 AM BUSINESS INVENTORIES MAY 0.6% 0.6%

WEDNESDAY, JULY 16

8:30 AM PRODUCER PRICE INDEX JUNE 0.2% -0.2%

9:15 AM INDUSTRIAL PRODUCTION JUNE 0.2% 0.6%

9:15 AM CAPACITY UTILIZATION JUNE 79.2% 79.1%

10 AM JANET YELLEN TESTIMONY

10 AM HOME BUILDERS' INDEX JULY 50 49

2 PM BEIGE BOOK

THURSDAY, JULY 17

8:30 AM WEEKLY JOBLESS CLAIMS 7-12 N/A 304,000

8:30 AM HOUSING STARTS JUNE 1.00 MLN 1.00 MLN

10 AM PHILLY FED JULY 16.5 17.8

FRIDAY, JULY 18

9:55 AM UMICH CONSUMER SENTIMENT JULY 82.7 82.5

10 AM LEADING INDICATORS JUNE -- 0.5%


Stock market special report by epic research 17th july 2014

Economy & Finance

Transcript of Stock market special report by epic research 17th july 2014