Stock market special report by epic research 18th july 2014

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Transcript of Stock market special report by epic research 18th july 2014

  • DAILY REPORT 18th JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance The pan-European FTSEurofirst 300 fell 0.3%. Mixed earnings reports and Wednesday's gains - the biggest in three months - bred caution among investors Asian equities dipped on Thursday, giving up earlier mod- est gains as Chinese shares fell, while the euro probed recent lows against the dollar amid speculation the U.S. Federal Reserve was tilting towards tighter monetary pol- icy. Japan's Nikkei and Hong Kong's Hang Seng ended flat with a negative bias. In addition, Chinas Shanghai Composite Index dipped 0.5%. On the other hand, Singa- pore's Straits Times rose 0.7%. Wall Street Update US stocks sank on Thursday, with the S&P 500 posting its biggest one-day percentage drop since April 10 on news that a Malaysian Airlines passenger jet crashed near the Ukraine-Russia border. Investors sold stocks in a move to avoid risk and poured money into safe-haven invest- ments like gold and US government bonds as the crash stoked concerns that the conflict in Ukraine might widen after US sanctions against Russia were announced late Wednesday. The Dow Jones industrial average fell 161.39 points or 0.94 percent, to end at 16,976.81. The S&P 500 lost 23.45 points or 1.18 percent, to 1,958.12. The Nasdaq Compos- ite dropped 62.52 points or 1.41 percent, to 4,363.45. Previous day Roundup The benchmark indices ended flat amid choppy trades after investors turned cautious and booked profits at higher levels. Losses in financials and oil and gas shares capped gains. The market was ranged in today's trade with metals and pharma attracting good buyers. The Sen- sex ended up 11.44 points at 25561.16 and the Nifty was up 16.05 points at 7640.45. About 1731 shares have ad- vanced, 1200 shares declined, and 111 shares are un- changed. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 177.65pts], Capital Goods [up 182.21pts], PSU [up 73.35pts], FMCG [up 22.92pts], Realty [down 15.60pts], Power [up 51.98pts], Auto [down 25.24pts], Healthcare [up 67.42pts], IT [up 6.98Pts], Metals [up 319.62pts], TECK [up 10.76 pts], Oil& Gas [down 45.46pts]. World Indices Index Value % Change D J l 16976.81 -0.94 S&P 500 1958.12 -1.18 NASDAQ 4363.45 -1.41 EURO STO 3157.82 -1.41 FTSE 100 6738.32 -0.68 Nikkei 225 15206.74 -1.06 Hong Kong 23386.91 -0.57 Top Gainers Company CMP Change % Chg TATAPOWER 108.85 3.90 3.72 GRASIM 3,370.00 106.75 3.27 KOTAKBANK 913.20 28.15 3.18 ACC 1,479.50 43.90 3.06 HINDALCO 187.80 5.50 3.02 Top Losers Company CMP Change % Chg M&M 1,182.00 40.05 -3.28 IDFC 159.20 4.05 -2.48 BAJAJ-AUTO 2,087.10 50.00 -2.34 DLF 221.70 3.75 -1.66 ONGC 411.10 5.00 -1.20 Stocks at 52 Weeks high Symbol Prev. Close Change %Chg ADANI PORTS 284.3 3.30 +1.17 APOLLOHOSP 1103.85 48.9 +4.64 HINDALCO 187.8 5.50 +3.02 MCX 790.60 40.45 +5.39 TATACHEM 338.8 0.80 +0.24 Indian Indices Company CMP Change % Chg NIFTY 7640.45 +16.05 +0.21 SENSEX 25561.16 +11.44 +0.04 Stocks at 52 Weeks Low Symbol Prev. Close Change %Chg
  • DAILY REPORT 18th JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. IRB INFRA FUTURE IRB INFRA future is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 276 levels. We advise buying around 276-277 levels with strict stop loss of 271 for the targets of 281-286. 2. VOLTAS FUTURE VOLTAS FUTURE looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 213 levels. We advise buying around 213-214 levels with strict stop loss of 208 for the targets of 219-224 EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. SONATA SOFT SONATA SOFT ascending triangle on daily chart. We advise buying around 78.50 level with strict stop loss 77 for the targets of 80-81.50 MACRO NEWS Bajaj Auto disappointed street with the Q1 net profit ris- ing marginally to Rs 740 crore compared to Rs 737.7 crore in same quarter last year, dented by weak operational performance and higher depreciation charge. AdaniPorts obtained environment and coastal regulation zone nod for Mundra SEZ, removing a major overhang. Lakshmi Vilas Bank Q1 net profit jumped 11% at Rs 28.15cr. Its total income moved to Rs 587.12cr from Rs 532.45cr in year-ago period. On asset quality front, its gross non-performing assets ratio improved to 3.96% Vs the 5.27% in June 2013 and 4.19% in March 2014. The DERC on Thursday approved a power tariff hike of up to 9.52% in the national capital. DERC approved a hike of 8.32% in the case of BRPL, BYPL, TPDDL for FY15. A hike of 8.3% was agreed on for NTPC. Department of Disinvestment plans SAIL stake sale in Sep- tember; ONGC, power companies to follow. TCS surpassed street expectations on every parameter with Q1 consolidated net profit at Rs 5,057 crore, down 4.5% as against CNBC-TV18 poll estimates of 11% de- growth. Net profit in March quarter was Rs 5,296.7cr. Ex- ceptional gain for the quarter was Rs 489.75cr on account of change in depreciation policy.
  • DAILY REPORT 18th JULY 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 54 3,11,834 37,71,250 NIFTY PE 7,500 28.7 3,02,611 66,81,000 NIFTY PE 7,400 14.95 1,94,770 53,48,100 BANKNIFTY PE 15,000 139.9 26,146 6,10,950 TCS PE 2,300 24.75 3,696 2,91,250 SBIN PE 2,500 20.35 3,223 2,60,250 INFY PE 3,200 39.65 2,091 2,88,375 IDFC PE 160 5.45 1,700 9,02,000 MOST ACTIVE CALL OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 7,700 55.5 3,80,222 54,92,750 NIFTY CE 7,800 24.9 3,18,524 49,62,700 NIFTY CE 7,600 109.5 2,02,580 43,42,200 BANKNIFTY CE 16,000 40.8 26,019 5,89,575 SBIN CE 2,600 42.5 5,079 3,49,375 INFY CE 3,300 43.15 4,401 5,43,125 TCS CE 2,500 20.1 3,754 3,93,375 RELIANCE CE 1,000 17.05 3,198 11,05,250 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 61531 2350.20 47895 1830.20 344074 13170.89 520.00 INDEX OPTIONS 272731 10404.28 255713 9772.48 1726567 65955.10 631.80 STOCK FUTURES 105162 3877.61 103857 3762.58 1546356 56469.83 115.03 STOCK OPTIONS 71109 2716.33 69561 2652.12 119270 4449.32 64.21 TOTAL 1331.04 INDICES R2 R1 PIVOT S1 S2 NIFTY 7,679.22 7,659.83 7,636.27 7,616.88 7,593.32 BANK NIFTY 15,388.28 15,328.67 15,242.33 15,182.72 15,096.38 STOCKS IN NEWS Results: Zee Entertainment , Reliance Infrastructure , RPower, CRISIL, SKF India, Tata Elxsi. Tata Steel launches Pravesh Doors, wood finish steel doors for homes. Tata Steel plans to transport steel, coal via waterways. Tata Power Solar partners with BajajFin to provide EMI options on purchase solar power equipments. NTPC sounds warning as coal stocks near depletion. NTPC to evaluate 4-5 pvt firms' takeover proposals out of 34. NIFTY FUTURE Nifty Future closed flat 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 18th JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 COMMODITY MCX RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER SEP ABOVE 45600 TGTS 45800,46100 SL 45300 SELL SILVER SEP BELOW 45250 TGTS 45050,44750 SL 45550 GOLD TRADING STRATEGY: BUY GOLD AUG ABOVE 28260 TGTS 28340,28440 SL 28160 SELL GOLD AUG BELOW 28050 TGTS 27970,27870 SL 28150 COMMODITY ROUNDUP Soaring gold imports from India are supporting gold prices. MCX Gold futures rose towards Rs 28000 per 10 gram levels yesterday as the global prices rallied well above $ 1300per ounce levels . However, the equities are witnessing some profit selling in Asia and that kept advances in gold under check. COMEX Gold quoted at $1305.60 per ounce, up$5.80 per ounce on the day. MCX Gold futures are trading at Rs 27828 per 10 grams, up Rs152 per 10 grams or half a per- cent on the day. Indias gold imports jumped in June as the RBIs decision to ease some of the heavy curbs on gold imports pushed up the total gold purchases. After declining for seven months in a row, India's gold imports in June grew 65.13% to $3.12 billion from $1.88billion in June 2013. The soaring imports of the precious metal also pushed up the country's trade deficit to $11.76 billion in June from $11.28 billion in the same month last year. Tracking a rising trend in global markets, silver futures prices today rose by 0.63% to Rs 45,730 per kg as specula- tors built fresh positions amid covering-up of short posi- tions. At the MCX, silver for delivery in far-month December traded higher by Rs 285, or 0.63%, to Rs 45,730 per kg in business turnover of eight lots. The white metal for delivery in September was up by Rs 277, or 0.60%, to Rs 44,844 per kg in a turnover of 681 lots. In the international market, silver traded higher at $20.79 an ounce in Singapore from $20.76 yesterday. Besides covering up of short positions by speculators, a firming trend in the precious metals in the global market, supported the upside in silver futures here. Nickel prices moved down by 0.22% to Rs 1,152.90 per kg in futures trade today as participants reduced their exposures, tracking a weak trend overseas and sluggish demand from alloy-makers in the spot market. At MCX nickel for delivery in July month declined by Rs 2.50, or 0.22%, to Rs 1,152.90 per kg in a turnover of 538 lots. Similarly, the metal for de- livery in August traded lower by Rs 2.90 or 0.22%, to Rs 1,159.20 per kg in 32 lots. The fall in nickel prices at futures trade to a weak trend in metal at the London Metal Ex- change (LME) an