Weekly IForex Market News Update Report by Epicresearch 17 November - 21 November 2014

8/10/2019 Weekly IForex Market News Update Report by Epicresearch 17 November - 21 November 2014

http://slidepdf.com/reader/full/weekly-iforex-market-news-update-report-by-epicresearch-17-november-21-november 1/9

INDIA’S MOST TRUSTED FINANCIAL SERVICES COMPANY

[email protected] Follow us on

World markets this week

The FTSE, the only major European index to eye a largepercentage gain for the week, was weighed down by en-

ergy stocks such as BP and Shell as Brent crude held near a

four-year low just above $77 a barrel. Oil prices have been

hit by concerns over excess supply and uncertainty over

whether OPEC would cut output at a meeting in two

weeks.

Asian equities were mostly lower on the last trading day of

the week, brushing off a positive finish on Wall Street.

Wall Street Update

Stock prices were remarkably steady through most of the

week, especially in comparison to recent volatility, but the

market managed to end the week with modest gains that

took the large-cap benchmarks to new records. The S&P

500 Index's largest daily change was on Monday, when it

rose 0.31%, but its largest fluctuation from close to close

over the remainder of the week was 0.07% a remarkable

shift from recent weeks, when 1% or even 2% swings were

common. The Nasdaq fared better than the other bench-

marks, helped by strength in technology stocks.A relatively thin economic calendar and the lack of any

major surprises may have been reasons for the market’s

stability. Weekly jobless claims rose slightly more than ex-

pected, but investors were encouraged by separate data

showing healthy hiring in September. The number of peo-

ple leaving jobs voluntarily hit its highest level since before

the financial crisis, a sign of Americans' greater confidence

in their ability to find another job. The better job market

was reflected in a rise in the University of Michigan's index

of consumer sentiment, and retail sales in October rose a

bit more than expected.

Indian Markets’ Weekly Roundup

Both indices continued to smash previous records all

through the week and ended the week at all-time high lev-

els; BSE Sensex breached the 28,000 figure for first time

ever. The mid-cap and small-cap stocks stole a march over

Sensex and Nifty's tepid gains. The BSE small-cap index

was up 1 percent and CNX mid-cap swelled 1.7 percent.

Friday marked the end of the September quarter earnings

season and market is now likely to follow global cues,crude oil price trend and FPI investments.

World Indices

Index Close Week Change CHG %

DJIA 17634.74 60.81 6.38%

S&P 500 2039.92 7.90 10.36%

NASDAQ 4688.54 56.01 12.26%

Top Weekly Gainers

Company Pre. Close Close % Gain

AMTEK AUTO LTD 172.25 207.20 + 20.29

ING VYSYA BANK 648.95 770.25 + 18.69

ASHOK LEYLAND 46.75 54.50 + 16.58

JUBILANT FOODWORKS L 1,258.95 1,465.30 + 16.39

BAYERCROPSCIENCE 2,327.30 2,707.25 + 16.33

Top Weekly Losers

Company Pre. Close Close % Gain

CIPLA 658.50 609.20 -7.49

BHARAT HEAVY ELE 257.95 245.85 -4.69

SESA STERLITE 250.85 240.15 -4.27

TATA POWER CO. 91.80 88.80 -3.27

CAIRN INDIA LTD. 276.35 267.70 -3.13

Stocks touched 52 Week’s High

Symbol Prev. Close Change %Chg

BAJAJ-AUTO 2,647.00 37.20 1.43

HAVELLS 307.75 6.95 2.31

INFY 4,182.90 4.30 0.10

JUBLFOOD 1,462.25 45.40 3.20

LICHSGFIN 427.00 16.85 4.11

Indian indices

Company CMP Change % Chg

NIFTY 8389.90 +32.05 +0.38

SENSEX 28046.66 +106.02 +0.38

Stocks touched 52 Week’s Low

Symbol Prev. Close Change %Chg

CAIRN 267.60 5.30 2.02

WEEKLY REPORT7

thNOVEMBER 2014

1





INDICES WEEKLY CHANGE

INDEX Close P. Close % Chg

SENSEX 28046 27867 +0.64

NIFTY 8389 8337 +0.62

BANKEX 20118 19854 +1.33

MIDCAP 10154 9999 +1.55

SMALLCAP 11217 11117 +0.90

CG 15884 15945 -0.38

FMCG 7752 7530 +2.95

HC 14840 14884 -0.30

IT 10892 10820 +0.67

METAL 11401 11334 +0.59

OIL&GAS 10837 11053 -1.95

PSU 8224 8281 -0.69

AUTO 18659 18338 +1.75

TECK 6028 6000 +0.47

POWER 2123 2134 -0.52

REALTY 1669 1642 +1.64

WEEKLY WRAPUP

CORPORATE ACTIONS IN THIS WEEK

SCRIP ACTION Rs. Per Share DATE

NOIDATOLL DIVIDEND 1 17-Nov-14

ORBTEXP DIVIDEND 2.25 17-Nov-14

SUNDRMFAST AGM 0.85 17-Nov-14

WELSPUNIND AGM 3 17-Nov-14

LGBBROSLTD AGM 3.2 17-Nov-14

BLUEDARTScheme Of Arrangement -

Issue Of Bonus Debentures17-Nov-14

PAGEIND DIVIDEND 18 17-Nov-14

FRLDVR Rights 5:8 @ Premium Rs48.25/- Per Equity Share

18-Nov-14

FRL Rights 5:8 @ Premium 18-Nov-14

MONSANTO DIVIDEND 18 19-Nov-14

SOLARINDS DIVIDEND 8 19-Nov-14

AARTIDRUGS DIVIDEND 19-Nov-14

RAIN DIVIDEND 1 19-Nov-14

SBIN 20-Nov-14Face Value Split Rs.10/- To

Re.1/- Per Share

MTEDUCARE DIVIDEND 0.6 20-Nov-14

MAYURUNIQ DIVIDEND 0.75 20-Nov-14

GABRIEL DIVIDEND 0.45 20-Nov-14

VAIBHAVGBL DIVIDEND 2.4 20-Nov-14

TIMKEN DIVIDEND 3 20-Nov-14

TIDEWATER DIVIDEND 100 20-Nov-14

FII ACTIVITIES IN THE WEEK

Date FII Figures (in Cr.) DII Figures (in Cr.

10-NOV- 2014 355.30 -314.93

11-NOV- 2014 458.04 -516.98

12-NOV- 2014 459.47 -559.44

13-NOV- 2014 690.61 -738.24

14-NOV- 2014 645.9 -517.51

NET 2609.32 -2649.1

EVENT CALENDAR THIS WEEK

EVENT DATE ACTUAL PRE

INFLATTION (CPI) 12-NOV- 2014 5.52% 6.46%

IIP DATA 12-NOV- 2014 2.5% 0.48%

INFLATTION WPI) 14-NOV- 2014 1.77% 2.38%

BANK LOAN 14-NOV- 2014 11.2% 11.1%

DEPOSIT GROWTH 14-NOV- 2014 12.0% 12.6%

2

EVENT CALENDAR PREVIOUS WEEK

EVENT DATE TIME

FOREIGN RESERVES 21-NOV-2014 5:00PM

RESULT CALENDAR THIS WEEK

DATE COMPANY

18-NOV- 2014 DUNCANS IND, GAMMON INFRA20-NOV- 2014 HINDUJA FOUND, CALSOFT

21-NOV- 2014 TECPRO SYSTEMS





L&T reported a 6.5% rise in its Q2 profit on Friday, after

winning new orders in its infrastructure, power and hy-

drocarbons businesses. Last year L&T, which lays roads,

constructs ships, makes power plant equipment and de-

velops real estate, reported net profit of 9.78 bn rupees.

US job growth increased at a fairly brisk clip in October

and the unemployment rate fell to a fresh 6-year low of

5.8%, underscoring the economy's resilience in the face of

slowing global demand.

Bank of Baroda 's Q2net profit fell 5.5% yoy to Rs 1,104 cr

due to higher provisions and tax rate, and slow growth in

non-interest income. Profit in the year-ago period was Rs

1,168 cr. NII expended, climbed 17.5% on yearly basis toRs 3,401cr from Rs 2,895cr while other income grew by

1.8% to Rs 991.65cr during same period.

The RBI tightened the bad loan norms for NBFCs, bringing

them on par with banks, any loans unpaid for 3 months

will turn into an NPA starting March 2018. On a negative

note, Crisil expects jobs growth in IT sector to fall 50% in

the next 4 years, says only 55,000 people could be hired

in 2018.

The FII limit in government bonds is near full due to which

FIIs have started buying corporate bonds where the limits

are still available.Inter-ministerial panel may meet today to decide coal

reserve price.

September IIP At 2.5 % versus 0.5 % (MoM) August IIP

revised to 0.5 % from 0.4 % April-September IIP At 2.8 %.

October CPI Inflation At 5.52% Vs 6.46% (MoM).

Coal blocks will be allotted well before March.

Granules India says Hyderabad High Court approves

merger of Auctus Pharma with co .

Shasun Pharma Successfully Completed US FDA Inspec-

tion At Dudley Mfg UnitOmkar Speciality Chemicals board approves raising Rs 125

cr via QIP.

Nokia Networks bags 3G contract from Airtel Aditya Birla

Group planning foray into e-commerce

Puravankara arm to foray into Mumbai

DLF Q2 Net Profit At Rs 109 Cr Vs Rs 100 Cr (YoY).

IOC To Automate All Fuel Stations In 3 Years: FE NTPC ’s

Jharkhand coal block under scanner for mining delay

IFCI plans stake sale in 3 arms including NSE.

Sobha Developers to launch aspiration homes, expected

to have a total developable area of 10.26mn square feet.

Tata Motors Q2 net falls 7% YoY to Rs 3291 cr.

NEWS RECAP

3

JetAirways board approves raising up to $300mn via

NCDsDLF gets tribunal nod to redeem MF investments.

OBC Cuts interest rates on term deposits less than Rs 1

crore by 25-50 bps w.e.f November 10

Bharti Airtel calling off deal with Loop modestly credit

negative for company

Crompton Greaves seeks shareholders nod to hike FII

investment limit to 100 percent from 24 percent.

Sintex Industries allots 8.36 lakh shares to FCCB holders.

Sebi approves Lavasa's Rs 750 crore IPO prospectus:

HCC in focus.

Rashtriya Chemicals and Fertilisers signs MoU with BPCLto set up new sewage treatment plant.

Moody’s affirms NTPC ’s BAA3 rating; outlook stable.

Jet Airways says may lease 1 more Boeing 777 aircraft to

Etihad on short-term.

Hatsun Agro Product to consider allotment of 10 lakh

equity shares on preferential basis on Nov. 18.

Punjab&Sind Bank Q2 profit jump 2.6 times to Rs 112.2cr

Amara Raja Q2 profit up 6% to Rs 100 cr, revenue jumps

32%

Supreme Court to continue hearing IGL versus PNGRBcase today

Ashiana Housing to raise up to Rs 350 crore via private

placement or QIP

Hexaware ex- dividend Rs 2.35/share

Tara Jewels to borrow funds by way of issue of NCD

through QIP.

SREI Infrastructure has allotted 32.6 lakh NCDs, aggre-

gating to Rs. 326 Cr on November 12

Inflation data based on WPI for October came in at 1.77

percent, the lowest since September 2009, against

2.38% on a MoM basis. Poll had estimated it at 2%.

Net profit of SBI jumped to Rs 3100cr in the quarter

ended Sep 30. During the quarter, its NII stood at Rs

13274cr. Total NPAs recovery and up gradation was at

Rs 2635cr while restructuring stood at Rs 7046cr.

BHEL saw its net profit tumble nearly 73% to Rs 124.84cr

in 3months ended Sep this year as lower revenues from

power and industry segments took a toll on profitability.

Sun Pharma maintains its revenue growth guidance of

13-15% for FY15 though the margins may get impacted

marginally due to the Sun- Ranbaxy merger, though it

might get delayed slightly.





1. BAJAJ AUTO [FUTURE]

TRADING STRATEGY

BUY BAJAJ AUTO FUT ABOVE 2670 TGT 2820-3020 SL 2520

2. HDFC BANK [FUTURE]

TRADING STRATEGY

BUY HDFC BANK FUT ABOVE 940 TGT 1000-1080 SL 880

3. GAIL INDIA [CASH]

TRADING STRATEGY

BUY GAIL INDIA CASH ABOVE 495 TGT 520-550 SL 465

4. NIFTY FUTURE

TRADING STRATEGY

BUY NIFTY AROUND 8340-8360 TGT 8460-8560 SL 8240

EQUITY CASH & FUTURE

4





SILVER

TRADING STRATEGY:

BUY SILVER (DEC) ABOVE 36100 TGTS 36600/37200 SL BE-

LOW 35600

SELL SILVER (DEC)BELOW 35500 TGTS 34900/34400 SL

ABOVE 35980

GOLD

TRADING STRATEGY:

BUY GOLD (DEC) ABOVE 26500 TGTS 26670/26900 SL BE-

LOW 26300

SELL GOLD (DEC)BELOW 26000 TGTS 25810/25650 SL

ABOVE 26200

COPPER

TRADING STRATEGY:

BUY COPPER (NOV) ABOVE 420 TGT 426/433 SL BELOW

415

SELL COPPER (NOV)ON RISE 416 TGT 410/404 SL ABOVE 422

CRUDE OIL

TRADING STRATEGY:

BUY CRUDEOIL (DEC) ABOVE 4920 TGT 5050/5190 SL BE-

LOW 4800

SELL CRUDEOIL (DEC)BELOW 4600 TGT 4480/4320 SL

ABOVE 4740

COMMODITY MCX

5





DHANIYA

BUY DHANIYA DEC ABOVE 12650 TGTS 12750,12850 SL

12500

SELL DHANIYA DEC BELOW 12480 TGTS 12380,12280 SL

12630

CASTOR SEED

BUY CASTORSEED DEC ABOVE 4880 TGTS 4980,5080 SL

4730

SELL CASTORSEED DEC BELOW 4750 TGTS 4650,4550 SL

4900

GUARGUM

BUY GUARGUM DEC ABOVE 14200 TGTS 14350,14500 SL

14000

SELL GUARGUM DEC BELOW 13750 TGTS 13600,13450 SL

13950

WEEKLY WRAP UP

Gold December 14 contract was up by 1.42% to Rs 25822.00

per 10 grams while Gold Feb2015 contract was up by 1.35%

to Rs. 26000.00. Gold M December 14 contract was up by

1.41%to Rs 25827.00 per 10 grams. Goldguinea November

14 contract was up 1.19% to Rs.20561.00per 8 grams. Gold

Petal November 14 contract was up by 0.63% to Rs.2567.00

per gram. Silver December 14 contract was up by 1.27% to

Rs.34707.00 per kg while Silver M November14 contract

was up by 1.27% to Rs 34727.00 per kg. Silver MIC Novem-

ber 14 contract wasalso up by 1.27% to Rs 34726.00 per kg.

Crude oil November 14 contract was down by 3.59% to Rs

4641.00 per BBL while Naturalgas November 14 contract

was down by 5.04% to Rs 250.60 per MMBTU.

Cotton November 14 contract was down by 1.13% to Rs

15760.00 per bales while CPONovember 14 contract was up

by 0.11% to Rs 450.70 per 10 kg. Cardamom November

2014contract was down by 8.32% to Rs. 763.00 per kg and

Mentha Oil Nov 2014 contract was downby 1.64% to

Rs.690.90 per kg.

NCDEX RECOMMENDATIONS

6





USD/INR

TRADING STRATEGY:

BUY USD-INR ABOVE 62.0000 TGT 62.3000,62.7000

SL61.7500

SELL USD-INR BELOW 61.7000 TGT 61.4000,61.0000 SL

61.9500

EUR/INR

TRADING STRATEGY:

BUY EUR-INR ABOVE 77.1800 TGT 77.4800,77.8800 SL

76.9300SELL EUR-INR BELOW 77.0000 TGT 76.7000,76.3000 SL

77.2500

GBP/INR

TRADING STRATEGY:

SELL GBP-INR BELOW 96.8000 TGT 96.5000,96.1000 SL

97.0500

BUY GBP-INR ABOVE 97.1000 TGT 97.4000,97.8000 SL

96.8500

JPY/INR

TRADING STRATEGY:

SELL JPY-INR BELOW 53.1000 TGT 52.9000,52.6000 SL

53.3500BUY JPY-INR ABOVE 53.2500 TGT 53.5500,54.1000 SL

53.0000

CURRENCY

7





DATE COMMODITY/ CUR-RENCY PAIRS CONTRACT STRATEGY ENTRYLEVEL TARGET SL REMARK

10/11/14 MCX GOLD DEC BUY 26000 26200-26450 25800 BOOKED FULL PROFIT

10/11/14 MCX GOLD DEC. SELL 25800 25620-25400 26000 BOOKED FULL PROFIT

10/11/14 MCX SILVER DEC. BUY 35000 35600-36200 34500 BOOKED FULL PROFIT

10/11/14 MCX SILVER DEC. SELL 34500 33900-33000 35050 BOOKED PROFIT

10/11/14 MCX COPPER NOV. BUY 422 428-435 415 NOT EXECUTED

10/11/14 MCX COPPER NOV. SELL 416 410-404 422 NOT EXECUTED

10/11/14 MCX CRUDE OIL OCT. BUY 5020 5150-5290 4900 NOT EXECUTED

10/11/14 MCX CRUDE OIL OCT. SELL 4850 4720-4600 4980 BOOKED FULL PROFIT

10/11/14 NCDEX DHANIYA NOV. BUY 12330 12430-12530 12180 BOOKED FULL PROFIT

10/11/14 NCDEX DHANIYA NOV. SELL 12120 12020-11920 12270 SL TRIGGERED

10/11/14 NCDEX CASTORSEED NOV. BUY 4870 4970-5070 4720 NO PROFIT NO LOSS

10/11/14 NCDEX CASTORSEED NOV. SELL 4740 4640-4540 4900 NOT EXECUTED

10/11/14 NCDEX GUARGUM NOV. BUY 14940 15100-15250 14750 NOT EXECUTED

10/11/14 NCDEX GUARGUM NOV. SELL 14675 14525-14375 14875 BOOKED FULL PROFIT

10/11/14 USD/INR OCT. BUY 61.90 62.20-62.60 61.45 SL TRIGGERED

10/11/14 USD/INR OCT. SELL 61.70 61.40-61.00 62.05 NO PROFIT NO LOSS

10/11/14 GBP/INR OCT. BUY 98.00 98.30-98.70 97.65 BOOKED PROFIT

10/11/14 GBP/INR OCT. SELL 97.60 97.30-96.90 97.95 BOOKED FULL PROFIT

10/11/14 EUR/INR OCT. BUY 76.80 77.10-77.50 77.45 NOT EXECUTED

10/11/14 EUR/INR OCT. SELL 76.30 76.00-75.60 77.65 BOOKED PROFIT

10/11/14 JPY/INR OCT. BUY 53.80 54.10-54.50 53.45 BOOKED PROFIT

10/11/14 JPY/INR OCT. SELL 53.45 53.15-52.75 53.80 BOOKED PROFIT

DATE SCRIP CASH/ FUTURE/OPTION

STRATEGY ENTRYLEVEL TARGET SL REMARK

10/11/14 NIFTY FUTURE BUY 8310-8290 8410-8510 8190 NOT EXECUTED

10/11/14 BPCL FUTURE BUY 770 790-810 750 SL TRIGGERED

10/11/14 BHEL FUTURE SELL 248 233-213 263 BOOKED PROFIT

10/11/14 COLPAL CASH BUY 1800 1860-1940 1740 BOOKED FULL PROFIT

PERFORMANCE UPDATES

8





ECONOMIC CALENDAR

9

DISCLAIMER

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) forerrors 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 investmentperspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and basedupon it & takes no responsibility. The information given herein should be treated as only factor, while making investment decision. The report does not provideindividually tailor-made investment advice. ATS recommends that investors independently evaluate particular investments and strategies, and encourages investorsto seek the advice of a financial adviser. ATS shall not be responsible for any transaction conducted based on the information given in this report, which is inviolation of rules and regulations of NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The informationherein, together with all estimates and forecasts, can change without notice. Analyst or any person related to ATS might be holding positions in the stocksrecommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as arecommendation 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 ofthis disclaimer.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 ATS does not purport to be an invitation or anoffer 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 orReport 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.

All Rights Reserved.

THIS WEEK'S U.S. ECONOMIC REPORTS

TIME (ET) REPORT PERIOD ACTUALCONSENSUS

FORECASTPREVIOUS

MONDAY, NOV. 17

8:30 AM EMPIRE STATE INDEX NOV. 12.5 6.2

9:15 AM INDUSTRIAL PRODUCTION OCT. 0.2% 1.0%

9:15 AM CAPACITY UTILIZATION OCT. 79.4% 79.3%

TUESDAY, NOV. 18

8:30 AM PRODUCER PRICE INDEX OCT. -0.1% -0.1%

10 AM HOME BUILDERS' INDEX NOV. 55 54

WEDNESDAY, NOV. 19

8:30 AM HOUSING STARTS OCT.

2 PM FOMC MINUTES

THURSDAY, NOV. 20

8:30 AM WEEKLY JOBLESS CLAIMS NOV. 15 N/A 290,000

8:30 AM CONSUMER PRICE INDEX OCT. 0.0% 0.1%

8:30 AM CORE CPI OCT. 0.2% 0.1%

9:45 AM MARKIT FLASH PMI NOV. -- 55.9

10 AM EXISTING HOME SALES OCT. 5.10 MLN 5.17 MLN

10 AM PHILLY FED NOV. 22.2 20.7

10 AM LEADING INDICATORS OCT. -- 0.8%

FRIDAY, NOV. 21

NONE SCHEDULED

Weekly IForex Market News Update Report by Epicresearch 17 November - 21 November 2014

Documents

Transcript of Weekly IForex Market News Update Report by Epicresearch 17 November - 21 November 2014