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Stock market special report by epic research 14th july 2014
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Transcript of Stock market special report by epic research 14th july 2014
DAILY REPORT
14th JULY 2014
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance
Asian share markets edged higher on Monday as euro zone banking jitters faded, to be replaced by caution ahead of corporate earnings and a raft of global eco-nomic events including testimony from the head of the Federal Reserve. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was up 0.2 percent, with Seoul .KS11 putting on 0.4 percent. Japan's Nik-kei .N225 rose a modest 0.2 percent after several ses-sions of losses.
European markets steadied and shares in Lisbon staged a small bounce on Friday as concerns eased about the health of Portugal's largest bank and its impact on the euro zone financial system. The pan-European FTSEuro-first 300 index edged up 0.2% to 1,352.11 points but closed the week 3.5% lower, its steepest loss since April. The S&P 500 EMini contract was trading up 0.1 percent ESc1 on Monday, after the cash index .SPX ended with similar gains on Friday. The Dow .DJI closed up 0.17 per-cent, while the Nasdaq .IXIC added 0.44 percent.
Wall Street Update
U.S. stocks managed to score modest gains on Friday, but the S&P 500 posted its biggest weekly drop since April as investors showed only mild enthusiasm after getting their
first glimpses of earnings. Next week's flurry of earnings will include reports from Google and Intel. The Dow Jones industrial average rose 28.74 points or 0.17 per-cent, to end at 16,943.81. The S&P 500 gained 2.89 points or 0.15 percent, to 1,967.57. The Nasdaq Compos-ite added 19.29 points or 0.44 percent, to 4,415.49.
Previous day Roundup
The benchmark BSE index lost 1.37 percent, or 348.40 points, to end at 25,024.35. The broader NSE index fell 1.43 percent, or 108.15 points, to end at 7,459.60, clos-ing below the psychologically important 7,500 level.
Index stats
The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 102.90pts], Capital Goods [down 745.97pts], PSU [down 326.85pts], FMCG [up 34.95pts], Realty [down 103.69pts], Power [down 101.40 pts], Auto [down 158.22pts], Healthcare [up 126.9pts], IT [up 131.01Pts], Metals [down 477.07pts], TECK [up 54.92pts], Oil& Gas [down 302.85pts].
World Indices
Index Value % Change
D J l 16943.81 +0.17
S&P 500 1967.57 +0.15
NASDAQ 4415.49 +0.44
EURO STO 3157.05 +0.21
FTSE 100 6690.17 +0.27
Nikkei 225 15164.04 -0.34
Hong Kong 23233.45 -0.02
Top Gainers
Company CMP Change % Chg
TCS 2,410.00 58.20 2.47
SUNPHARMA 744.00 17.75 2.44
HINDUNILVR 644.00 12.15 1.92
DRREDDY 2,700.00 49.35 1.86
HCLTECH 1,497.00 24.60 1.67
Top Losers
Company CMP Change % Chg
BHEL 222.70 21.05 -8.64
NMDC 159.40 13.70 -7.91
JINDALSTEL 281.80 18.75 -6.24
HINDALCO 165.80 10.45 -5.93
DLF 209.40 13.00 -5.85
Stocks at 52 Week’s high
Symbol Prev. Close Change %Chg
DABUR 193.80 0.20 -0.10
GRUH 206.15 4.45 +2.21
MOTHERSUMI 350.05 10.20 -2.83
RANBAXY 557.00 13.60 +2.54
SUNPHARMA 744.00 17.15 +2.44
Indian Indices
Company CMP Change % Chg
NIFTY 7459.60 -108.15 -1.43
SENSEX 25024.35 -348.4 -1.37
Stocks at 52 Week’s Low
Symbol Prev. Close Change %Chg
DAILY REPORT
14th JULY 2014
YOUR MINTVISORY Call us at +91-731-6642300
STOCK RECOMMENDATIONS [FUTURE]
1. AXIS ABNK FUTURE
AXIS BANK FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it sustains below 1850 levels. We advise selling around 1840-1850 lev-els with strict stop loss 1880 for the targets of 1810-1780.
2. HIND UNILEVER FUTURE
HIND UNILEVER FUTURE looking strong on charts, long build
up has been seen, we may see more upside, if it sustains above 650 levels. We advise buying above 650 levels with strict stop loss of 635 for the targets of 665-680 levels.
EQUITY CASH & FUTURE
STOCK RECOMMENDATION [CASH]
1. UCOBANK
UCO BANK week on daily chart. We advise selling around 94 level with strict stop loss 96 for the targets of 92-90
MACRO NEWS
IIP for the month of May came in at 4.7% vs 3.4% month-on-month against poll at 3.76%. The factory output in May is at a 19-month high – highest since October 2012.
Weak growth, high attrition and declining share of top clients in overall sales continue to plague Infosys. Even as the company struggles to grow its business, it managed to surprise on the profitability front while announcing its financial results for the first quarter ended June 30. In the first quarter of FY15, sales came in as a disappointment
with the dollar revenues growing 1.9% q-o-q and 7% y-o-y to $2.13 bn. The company's operating margin declined by 40 bps to 25.1% during the quarter, as against a decline of 200-230 bps.
The Rs 4,200cr plan will help speed up transportation of
coal to power plants in north and east of the country.
Power demand in Delhi again broke all records on Friday, touching an all-time high of 5810 MW, a day after regis-tering the highest demand.
Rs 200 crore allocated to set up six textiles clusters
Finance Minister proposed a reduction in excise duty on footwear from 10% to 6%.
FMCG companies run into growth bump in South.
General Anti-Avoidance Rules (GAAR) will be applicable from April 1, 2015.
DAILY REPORT
14th 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 7,500 108 5,40,917 47,88,950
NIFTY PE 7,400 65 5,29,489 45,29,200
BANKNIFTY PE 7,300 37.15 3,91,079 45,04,050
BANKNIFTY PE 14,000 140 30,775 2,70,375
INFY PE 3,000 6.05 6,211 2,94,750
SBIN PE 2,400 62.9 3,970 1,64,875
SBIN PE 2,500 114 3,468 1,77,375
ITC PE 330 1.75 3,437 43,88,000
MOST ACTIVE CALL OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 7,700 27 6,59,301 48,45,100
NIFTY CE 7,600 52.85 5,05,672 40,87,550
NIFTY CE 7,800 13.7 5,01,298 55,63,750
BANKNIFTY CE 15,500 57.95 38,557 5,14,925
INFY CE 3,600 10.15 5,954 3,10,500
RELIANCE CE 1,000 14.7 5,630 8,49,250
SBIN CE 2,600 21 5,563 2,63,750
IDFC CE 160 2.45 4,516 27,94,000
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 63774 2398.09 78201 2931.93 294723 10964.54 -533.84
INDEX OPTIONS 648759 24387.55 623061 23523.91 1593016 59278.39 863.64
STOCK FUTURES 124951 4638.27 108199 3966.09 1556380 54116.43 672.19
STOCK OPTIONS 108050 4176.86 110429 4245.20 115823 4171.88 -68.34
TOTAL 933.65
INDICES R2 R1 PIVOT S1 S2
NIFTY 7,689.53 7,574.57 7,510.88 7,395.92 7,332.23
BANK NIFTY 15,103.10 14,775.15 14,590.90 14,262.95 14,078.70
STOCKS IN NEWS
Results today: DCB Bank , Shakti Pumps , Tata Sponge ,
Zydus Wellness.
Sun Pharmaceutical Industries recalls Venlafaxine Hy-
drochloride after failing a dissolution test.
Coal India arm Mahanadi Coalfields Ltd may stop some
mining projects in Odisha.
Government to invest Rs 39,458 crore in BSNL, MTNL
in next five years.
Titan (Tanishq) closes its jewellery purchase scheme.
NIFTY FUTURE
Nifty Future closed downside in the last trading session.
We advise selling around 7480 level with strict stop loss
of 7530 for the targets of 7430-7380
DAILY REPORT
14th JULY 2014
YOUR MINTVISORY Call us at +91-731-6642300
COMMODITY MCX
RECOMMENDATIONS
SILVER
TRADING STRATEGY:
BUY SILVER SEP ABOVE 46400 TGTS 46600,46900 SL 46100
SELL SILVER SEP BELOW 45900 TGTS 45700,45400 SL 46200
GOLD
TRADING STRATEGY:
BUY GOLD AUG ABOVE 28400 TGTS 28480,28580 SL 28300
SELL GOLD AUG BELOW 28260 TGTS 28180,28080 SL 28360
COMMODITY ROUNDUP
Gold futures extended the early loss on profit taking amid
due to strong US dollar. The metal has generally had a
good week, as expectations the Federal Reserve will keep
rates on hold for an extended period of time after the
bank's bond-buying program ends in October and worries
pertaining to the Portugal banking troubles. A rather dis-
appointing decision by India to not cut import duties on
the yellow metal also boosted sentiments as the COMEX
Gold ran up to its four month highs near $1350 per
ounce.
The COMEX Gold futures for August delivery trades at
$1,337.60, down $1.60 a troy ounce and Silver September
quotes at $21.483 a troy ounce, down $0.025 on Fri-
day. MCX Gold off the three months high ON Friday with
the August contract quotes at Rs 28,307, down Rs 189
and silver September quotes at Rs 46085, down Rs 179 on
Friday. Indian rupee appreciated and quotes at Rs 60.04,
down 0.25%.
MCX Copper was turning red in the last trading day of the
week. The week saw declines in the Chinese imports but
the report was countered by the jobless claims numbers
from the US. This revived the confidence in the people
that the demand for metals will keep improving. Indian
Copper was trading at Rs 435.1 per kg, down 0.56%. The
prices tested a low of Rs 434.85 per kg, and a high of Rs
437.55 per kg. COMEX Copper was last checked at $ 3.259
per pound, down 0.8 cents.
After Finance Minister talked about raising royalty rates
on major minerals, the iron ore mining sector fears ore
prices will shoot up further. Currently, the royalty is
charged at 10 per cent of the mineral value and it was last
increased in August 2009.
The royalty rates are likely to be raised before the Octo-
ber quarter, as state governments have made a strong
pitch for the hike. Generally, royalty rates are revised in
every three years. However, it was not revised since Au-
gust 2013, as the previous UPA govt postponed it in view
of the general elections.
DAILY REPORT
14th JULY 2014
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
DHANIYA
BUY DHANIYA AUG ABOVE 11775 TGTS 11805,11855 SL
11725
SELL DHANIYA AUG BELOW 11700 TGTS 11670,11620 SL
11750
GUARSEED
BUY GUARSEED AUG ABOVE 5655 TGTS 5685,5735 SL 5605
SELL GUARSEED AUG BELOW 5555 TGTS 5525,5475 SL 5605
NCDEX
NCDEX INDICES
Index Value % Change
Castor Seed 4270 +2.15
Chana 2717 +1.76
Coriander 11040 -0.38
Cotton Seed Oilcake 1711 +1.30
Guarseed 5395 -0.74
Jeera 11300 +1.44
Mustard seed 3525 +0.71
Soy Bean 3772 +0.48
Sugar M Grade 2974 -0.37
Turmeric 6180 +0.72
NCDEX ROUNDUP
Turmeric witnessed sharp gains today on the back of delay in fresh sowing in major producing states coupled with re-ceding stocks in local mandies. The NCDEX futures added 2.50% on Friday. The market reports suggested that weak monsoon rainfall in major turmeric producing states. The NCDEX August futures added 2.50% to close at Rs 6520 per quintal. The futures have added 18% in open interest indi-cating fresh buying by traders.
Global wheat production is projected at 705.14 million ton-nes, up 3.57 million tonnes from the previous update. Global wheat consumption for 2014/15 is projected at 0.89 million tonnes lower than the previous update with a reduc-tion in world wheat feeding only partly offset by higher ex-pected food use.
Global import demand for 2014/15 is lower with reductions for China, Iran, Brazil, Mexico, and Algeria more than offset-ting increases for the European Union and Turkey. Exports are lower for the European Union, India, Canada, Ukraine, Turkey, and Australia, but higher for Argentina and Russia. Global ending stocks for 2014/15 are projected at 189.54 million tons, up 0.89 million from 2013/14.
India will import rice bran from its neighbours, including Sri Lanka, Bangladesh and Myanmar. This follows the govern-ment doing away with a customs duty in this regard, against a duty of 15 per cent earlier. Rice bran oil is considered the healthiest edible oil available in India.
DAILY REPORT
14th JULY 2014
YOUR MINTVISORY Call us at +91-731-6642300
EUR/INR
SELL EUR/INR BELOW 81.71 TGTS 81.56, 81.41 SL 81.91.
BUY EUR/INR ABOVE 82.01 TGTS 82.16, 82.31 SL 81.81.
USD/INR
SELL USD/INR BELOW 60.04 TGTS 59.89, 59.74 SL 60.24.
BUY USD/INR ABOVE 60.34 TGTS 60.49, 60.64 SL 60.14.
CURRENCY ROUNDUP
The Indian rupee gained on Friday on dollar sales by a large
corporate, but that was not enough to prevent its first
weekly fall in three as markets reeled on disappointment
over the lack of specifics in the federal budget. The partially
convertible rupee ended at 59.93/94 per dollar compared
with 60.19/20 on Thursday, boosted largely by dollar sales
from a large corporate.
The rupee fell 0.3 percent for the week, snapping two
weeks of gains. Investors will also look out for the consumer
price inflation data and the wholesale price data due to be
released on Monday for direction. In the offshore non-
deliverable forwards, the one-month contract was at 60.31,
while the three-month was at 60.84.
Euro slipped again against the US dollar on Friday amid with
the pair quotes at $1.3603, down 0.03% on Friday. The
trades in US Dollar were favoring buying against the Euro.
Meanwhile, INR also showed signs of weakness after the
budget at 60.03 per Dollar, down 0.26%.
The U.S. dollar ended the week lower against the traditional
safe haven Swiss franc as the Federal Reserve's dovish
stance on rates and fresh fears over the risk of contagion in
Europe's banking sector weighed. USD/CHF was at 0.8922
late Friday, ending the week with losses of 0.31%. The pair
is likely to find support at the 0.8900 level and resistance at
0.8960.
The dollar fell to one week lows against the Swiss franc on
Thursday, before recovering, as concerns over the fiscal sta-
bility of Portugal's largest lender Banco Espirito Santo fu-
elled a sharp selloff in markets, amid fears over the risk of
contagion. In the week ahead, investors will be watching
testimony on monetary policy by Federal Reserve Chair
Janet Yellen. Switzerland is to release data on economic ex-
pectations and producer prices.
CURRENCY
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 60.1855 Yen-100 59.4100
Euro 81.8720 GBP 103.1459
DAILY REPORT
14th JULY 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
11/07/14 MCX GOLD AUG. BUY 28600 28680-28780 28500 NOT EXECUTED
11/07/14 MCX GOLD AUG. SELL 27900 27820-27720 28000 NOT EXECUTED
11/07/14 MCX SILVER SEP. BUY 46400 46600-46900 46100 NOT EXECUTED
11/07/14 MCX SILVER SEP. SELL 45500 45300-4500 45800 NOT EXECUTED
11/07/14 NCDEX GUARSEED AUG. BUY 5655 5685-5735 5605 BOOKED PROFIT
11/07/14 NCDEX GUARSEED AUG. SELL 5600 5570-5520 5630 BOOKED PROFIT
11/07/14 NCDEX DHANIYA AUG. BUY 11680 11710-11760 11630 BOOKED FULL
PROFIT
11/07/14 NCDEX DHANIYA AUG. SELL 11575 11545-11495 11625 NOT EXECUTED
11/07/14 JPY/INR JULY BUY 59.72 59.87-60.02 59.52 NOT EXECUTED
11/07/14 JPY/INR JULY SELL 59.42 59.27-59.12 59.62 NO PROFIT NO
LOSS
11/07/14 GBP/INR JULY SELL 103.05 102.90-102.75 103.25 NO PROFIT NO
LOSS
11/07/14 GBP/INR JULY BUY 103.36 103.51-103.66 103.16 BOOKED PROFIT
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
11/07/14 NIFTY FUTURE SELL 7480 7430-7380 7530 CALL OPEN
11/07/14 IDFC FUTURE BUY 148-150 155-160 144 BOOKED PROFIT
11/07/14 BHARAT FORGE FUTURE BUY 620-630 650-670 600 CALL OPEN
11/07/14 POLARIS CASH SELL 225 221-217 229 BOOKED FULL
PROFIT
DAILY REPORT
14th JULY 2014
YOUR MINTVISORY Call us at +91-731-6642300
NEXT WEEK'S U.S. ECONOMIC REPORTS
ECONOMIC CALENDAR
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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%