Stock market special report by epic research 11th july 2014

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Transcript of Stock market special report by epic research 11th july 2014

  • DAILY REPORT 11th JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Asian shares recouped early losses on Friday as senti- ment in the region proved resilient to Portuguese bank concerns amid signs offshore funds were returning to emerging world assets. MSCI's broadest index of Asia- Pacific shares outside Japan recovered to be a fraction firmer. Indices in Australia, Singapore and China were all higher, while Japan's Nikkei pared its losses to be off just 0.26 percent. Investors across Europe trimmed their exposure to banks on Thursday in response to growing concerns about the health of Portugal's biggest listed lender, with a leading pan-European share index slipping to a two-month low. Other markets were also under pressure. FTSE MIB fell 1.4% after data showed Italian industrial output in May posted its steepest monthly fall since November 2012, while Germany's DAX index fell 1.5%. Wall Street Update U.S. stocks dropped on Thursday as concerns about the financial health of Portugal's top listed bank gave inves- tors a reason to cash in recent gains. With the Dow and the S&P 500 near record highs, the slide in Europe trig- gered by financial shares quickly translated into broad selling on Wall Street. The S&P 500 briefly lost 1 percent earlier, a daily drop the benchmark has not seen since April 10. The Dow Jones industrial average fell 70.54 points or 0.42 percent, to 16,915.07. The S&P 500 slid 8.15 points or 0.41 percent, to 1,964.68. The Nasdaq Composite dropped 22.83 points or 0.52 percent, to 4,396.20. Previous day Roundup It was a roller coaster ride on Dalal Street with wild swings as investors panicked when the Finance Minister read out his maiden Budget speech. In a extremely choppy trade, the market ended in red. The Sensex closed 72.06 points or 0.28 percent down at 25372.75 and the Nifty was down 17.25 points or 0.23% at 7567.75. However, the market clocked record turnover at Rs 4.4 lakh crore in the F&O segment. About 1634 shares advanced, 1243 shares declined, and 89 shares were un- changed. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 271.30pts], Capital Goods [up 28.67pts], PSU [up 32.08pts], FMCG [up 22.33pts], Realty [up 95.03pts], Power [up 24.65pts], Auto [down 140.27pts], Healthcare [up 1.63pts], IT [down 82.91Pts], Metals [up 120.59pts], TECK [down 45.68pts], Oil& Gas [up 5.47pts]. World Indices Index Value % Change D J l 16915.07 -0.42 S&P 500 1964.68 -0.41 NASDAQ 4396.20 -0.52 EURO STO 3150.59 -1.64 FTSE 100 6672.37 -0.68 Nikkei 225 15176.27 -0.26 Hong Kong 23276.28 +0.18 Top Gainers Company CMP Change % Chg DLF 223.00 19.00 9.31 IDFC 150.75 11.30 8.10 TATAPOWER 106.00 3.15 3.06 HINDALCO 175.20 4.65 2.73 MCDOWELL-N 2,353.20 57.30 2.50 Top Losers Company CMP Change % Chg HEROMOTOCO 2,450.00 87.90 -3.46 M&M 1,152.00 26.55 -2.25 TCS 2,345.90 52.25 -2.18 TECHM 2,022.50 44.85 -2.17 SBIN 2,528.85 53.40 -2.07 Stocks at 52 Weeks high Symbol Prev. Close Change %Chg ADANIPORTS 271.05 6.15 +2.32 GAIL 458.60 0.55 -0.12 HINDALCO 175.2 4.65 +2.73 IDFC 150.75 11.30 +8.10 - - Indian Indices Company CMP Change % Chg NIFTY 7567.75 -17.25 -0.23 SENSEX 25372.75 -72.06 -0.28 Stocks at 52 Weeks Low Symbol Prev. Close Change %Chg
  • DAILY REPORT 11th JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. IDFC FUTURE IDFC FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 150 levels. We advise buying around 148-150 levels with strict stop loss 144 for the targets of 155-160 levels. 2. BHARAT FORGE FUTURE BHARAT FORGE FUTURE looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 620 levels. We advise buying around 620-630 levels with strict stop loss of 600 for the targets of 650-670 levels. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. POLARIS POLARIS week on daily chart. We advise selling around 225 level with strict stop loss 229 for the targets of 221-217 MACRO NEWS IT major Infosys will release its Q1 result today. Jaitley has proposed to raise the excise duty on cigarettes to 11-72% and the excise duty on paan masala to 16% RBI withdraws curbs on FPIs to buy Kotak Mahindra Bank shares. FPIs can now buy shares of Kotak Mahindra Bank. Clean energy cess hiked to Rs100 per tonne;Coal India to pay upto Rs 5200 crore. Rs 700 crore allocated for power, water sector reforms in Delhi Govt to cut duty on premium petrol Branded petrol price cut by over Rs 5 per litre Proposals in infra, manufacturing to boost auto sector Pharma sector left ailing for remedial measures Govt reduces duty on various chemicals up to 7.5 %. Ban-hit Goa mining industry sees ray of hope in Budget Government expects to raise Rs 45,471.02 crore from air- waves sale, 1-time spectrum fee. Budget 2014 allocates Rs 3470.16 crore for ongoing pro- jects of DMRC. Air India to get Rs 6500 crore allocation.
  • DAILY REPORT 11th 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 92 7,17,054 49,95,900 NIFTY PE 7,400 56.95 7,00,632 46,05,700 BANKNIFTY PE 7,600 140 5,11,701 24,67,200 NIFTY PE 14,000 109.15 47,241 2,75,825 SBIN PE 2,500 63 5,418 1,39,750 INFY PE 330 5 4,685 41,30,000 SBIN PE 3,000 30 4,596 2,83,625 TATASTEEL PE 140 2.5 3,304 14,10,000 MOST ACTIVE CALL OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 7,800 26.5 10,27,718 54,22,400 NIFTY CE 7,700 47.15 7,49,462 39,57,550 NIFTY CE 8,000 7.4 7,06,461 99,13,200 BANKNIFTY CE 16,000 40 59,130 5,30,975 RELIANCE CE 150 6.6 8,434 28,96,000 SBIN CE 2,700 23.25 8,231 3,43,625 INFY CE 1,020 17 5,378 7,57,750 RELIANCE CE 3,500 42 4,758 3,93,625 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 95087 3611.50 101917 3868.52 312072 11779.21 -257.03 INDEX OPTIONS 976808 37151.18 991466 37683.67 1525816 57656.71 -532.49 STOCK FUTURES 171763 6493.75 146678 5481.24 1550218 55783.75 1012.51 STOCK OPTIONS 128852 5015.24 129112 5033.90 108374 4020.52 -18.66 TOTAL 204.34 INDICES R2 R1 PIVOT S1 S2 NIFTY 7,844.62 7,706.18 7,592.62 7,454.18 7,340.62 BANK NIFTY 15,687.33 15,254.52 14,938.23 14,505.42 14,189.13 STOCKS IN NEWS JSW Steel will be importing six million tonnes (mt) of iron ore in the current financial year from Canada and South Africa . Jaiprakash Associates allots 21.3 shares at issue price of Rs 70.27/share against receipt of full payment on application. GMR Infrastructure says board approves allotment 46.8cr shares to QIBs issue price of Rs 31.50/share. Tata Communications announces DataHack14, a simul- taneous 24-hour hackathon in Londons Tech City & Californias Redwood City. NIFTY FUTURE Nifty Future closed downside in the last trading session. We advise selling around 7480 levels with strict stop loss of 7530 for the targets of 7430-7380
  • DAILY REPORT 11th 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 45500 TGTS 45300,45000 SL 45800 GOLD TRADING STRATEGY: BUY GOLD AUG ABOVE 28600 TGTS 28680,28780 SL 28500 SELL GOLD AUG BELOW 27900 TGTS 27820,27720 SL 28000 COMMODITY ROUNDUP Arun Jaitleys proposal to impose 2.5 per cent basic cus- toms duty on metallurgical coke, in line with the duty on coking coal, will result in a rise in cost of steel production by Rs 450-500 a tonne. Most large steel companies will prefer to pass on the increased burden, as coal forms a large chunk of their manufacturing cost. The impact of reduction in the duty on steel-grade limestone and dolomite from five per cent to 2.5 per cent will be marginal. Customs duty on metallurgical coke raised to 2.5% from zero per cent. Steel grade limestone and dolomite reduced from 5% to 2.5%. Changes in the MMDR Act to be introduced. To re- view royalty rates on major minerals. Battery waste and scrap duty halved to 5%. Export duty on bauxite doubled to 20%. Ships imported for breaking up to attract 5% basic cus- toms duty and melting scrap of iron or steel attracts 2.5% basic customs duty. The new government's commitment to domestic manufac- turing and export sectors is evident from several industry- specific measures in the Budget. While Finance Minister has not given in to the gems and jewellery industry's clamour for lower import prices on gold, he did his bit to protect the diamond industry. The minister levied a 2.5 per cent import duty on semi-processed, half cut and broken diamonds; and increased customs duty on cut, polished diamonds and col- oured gemstones from two per cent to 2.5%. Gold edged higher for a second straight session on Thurs- day, helped by a weaker dollar and as minutes of the Fed- eral Reserve's recent policy meet gave no indication of an early hike in US interest rates. Gold surged to 3-1/2 month highs on safe-haven buying on Thursday after questions raised about the health of Portugal's top-listed bank sparked worry that a new euro zone banking crisis might be in the offing. The scrutiny over Portugal's Banco Espirito Santo turned financial markets risk averse, with stocks on both Wall Street and in Europe ending lower. The yen, an- other safe-haven like gold, hit multi-month highs. Brent oil futures slumped to a five-week low on Thursday, as worries over potential supply disruptions in the Middle East continued to subside. On the ICE Futures