Stock market special report by epic research 1st august 2014
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Transcript of Stock market special report by epic research 1st august 2014
- DAILY REPORT 01st AUGUST 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Major Asian indices ended higher with the exception of Japan. Japanese shares ended marginally lower amid profit taking after recent gains. The benchmark Nikkei ended down 0.2% at 15,620.77. Shanghai Composite gained 0.9% and Hang Seng ended up 0.1% while Straits Times ended 0.6% higher. Europe's FTSEurofirst 300 share index hit a three-week low on Thursday, led lower by Adidas after the group warned about business in Russia. the FTSEurofirst 300 was down 1.4 percent at 1,346.84 points after falling up to 1,346.78, the lowest since early July, with analysts saying the sell-off might continue in the near-term on worries about further monetary tightening in the United States. Wall Street Update The U.S. S&P500 stock index posted its worst daily fall since April and its first monthly drop since January on Thursday, as economic data sparked concern the Federal Reserve could raise interest rates sooner than some have expected. The Dow Jones industrial average .DJI fell 317.06 points or 1.88 percent, to 16,563.3, while the S&P 500 .SPX lost 39.4 points or 2.0 percent, to 1,930.67 and the Nasdaq Composite .IXIC dropped 93.13 points or 2.09 percent, to 4,369.77. Previous day Roundup Markets succumbed to selling pressure in late trades, amid huge volumes, with financial shares leading the de- cline following the expiry of July derivative contracts. Fur- ther, sales by foreign funds also weighed on sentiment. The 30-share Sensex ended 192pts down at 25,895 and the 50-share Nifty closed 70 points lower at 7,721. Vol- umes were large because of the expiry of July derivative contracts. Total market turnover stood at Rs 6.79 lakh cr, third highest so far. FII sold $63.4mn worth of equities for first time in the last ten sessions. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 84.71pts], Capital Goods [down 123.94pts], PSU [down 48.58pts], FMCG [down 39.32pts], Auto [down 97.03pts], Healthcare [up 20.98pts], IT [down 59..19Pts], Metals [up 6.10pts], TECK [down 24.25pts], Oil& Gas [up 0.25pts], Power [down 29.19pts], Realty [up 4.57 pts]. World Indices Index Value % Change D J l 16563.30 -1.88 S&P 500 1930.67 -2.00 NASDAQ 4369.77 -2.09 EURO STO 3115.51 -1.70 FTSE 100 6730.11 -0.64 Nikkei 225 15572.85 -0.31 Hong Kong 24611.11 -0.59 Top Gainers Company CMP Change % Chg CIPLA 457.70 9.50 2.12 TATASTEEL 554.65 8.55 1.57 BPCL 580.55 7.15 1.25 LUPIN 1,180.00 6.50 0.55 BAJAJ-AUTO 2,083.00 3.60 0.17 Top Losers Company CMP Change % Chg NTPC 144.95 4.85 -3.24 IDFC 152.30 4.00 -2.56 ASIANPAINT 628.00 15.90 -2.47 AXISBANK 391.90 9.80 -2.44 HCLTECH 1,559.00 38.55 -2.41 Stocks at 52 Weeks high Symbol Prev. Close Change %Chg BHARATFORG 722.25 1.60 +0.22 CIPLA 457.70 9.50 +2.12 DABUR 206.2 6.05 +3.02 GLENMARK 656.8 2.90 -0.44 KOTAK BANK 953.95 20.30 -2.08 Indian Indices Company CMP Change % Chg NIFTY 7721.30 -70.10 -0.90 SENSEX 25895.97 -192.45 -0.74 Stocks at 52 Weeks Low Symbol Prev. Close Change %Chg
- DAILY REPORT 01st AUGUST 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1.HIND PETRO FUTURE HIND PETRO FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sus- tains above 400 levels. We advise buying around 400 lev- els with strict stop loss of 390 for the targets of 410-420 levels. 2. ADANI ENTERPRIZES FUTURE ADANI ENTERPRISES FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it sustains below 440 levels. We advise selling around 440-445 levels with strict stop loss of 450 for the targets of 435-425 levels. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. IFB INDUSTRIES IFB INDUSTRIES is looking strong on charts. We advise buy- ing around 188-192 level with strict stop loss 182 for the targets of 198-204 MACRO NEWS Results Today: Titan Company , JSW Steel , Cummins India , Union Bank of India , TVToday, TTKHealth, PTC India Finan- cial, Firstsource Solutions, NRB Bearing, Karur Vysya Bank, Kajaria Ceramic, Berger Paints, Bajaj Corp, 3M India. Maruti Suzuki reported a 20.6% yoy growth (higher than forecast) in net profit at Rs 762 cr in Apr-June quarter of current finacial year led by volume growth and higher other income. Revenue grew by 11% to Rs 11,369cr in quarter ended June 2014. ICICBANK beats estimates with a 17% rise in quarterly net profit, helped by growth in credit demand and higher fee income. HCL Techs Q4 net profit rose 13% QoQ to Rs 1834cr, ahead of estimate of Rs 1611cr. Quarterly revenues were up 1 percent sequentially to Rs 8424cr, compared to esti- mate of Rs 84448.2cr. The companys quarterly dollar reve- nues stood at USD 1.407 bn, up 3.4% Q-o-Q and slightly below the polls estimate of USD 1.412 bn. Railways need Rs 5 lakh crore to complete sanctioned pro- jects. Govt allocates Rs 11,952 crore for powerloom sector. IRBInfra reported 12% yoy growth in conso net profit at Rs 150cr for Q4, driven by strong operational performance.
- DAILY REPORT 01st AUGUST 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 7,700 0.05 9,92,231 88,81,750 NIFTY PE 7,750 23.6 7,07,978 5,95,800 NIFTY PE 7,800 78.5 6,78,520 8,47,950 BANKNIFTY PE 15,300 33 1,18,676 1,52,125 ICICIBANK PE 1,480 7 4,775 1,05,000 SBIN PE 2,450 8.1 4,461 44,500 RELIANCE PE 1,000 0.05 4,385 6,62,500 TATASTEEL PE 550 0.05 3,678 6,40,000 MOST ACTIVE CALL OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 7,800 0.05 13,58,526 86,16,650 NIFTY CE 7,750 0.05 5,50,328 50,21,300 NIFTY CE 7,700 17.85 4,28,188 12,05,050 BANKNIFTY CE 15,500 0.1 1,45,218 7,41,750 ICICIBANK CE 1,500 0.15 10,427 8,34,250 SBIN CE 2,500 0.05 10,295 3,86,250 RELIANCE CE 1,020 0.05 7,346 11,56,250 TATASTEEL CE 560 0.05 5,572 7,87,000 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 157609 6119.55 155604 6039.59 265959 10293.90 79.97 INDEX OPTIONS 494884 19040.38 464698 17946.58 1088341 42012.00 1093.80 STOCK FUTURES 377239 13625.69 377967 13747.71 1372615 49491.99 -122.02 STOCK OPTIONS 41515 1558.57 35627 1326.50 1890 72.83 232.07 TOTAL 1283.81 INDICES R2 R1 PIVOT S1 S2 NIFTY 7,691.02 7,771.72 7,771.72 7,741.43 7,691.02 BANK NIFTY 15,599.87 15,433.73 15,333.37 15,167.23 15,066.87 STOCKS IN NEWS Honda plans to export Mobilio to South African market Cipla, BioQuiddity ink pact to sell pain management product. JSWSteel to increase steel capacity to 40 million tonnes by 2025 USFDA raises concern over drug production process at Cadila. Petrol gets cheaper by Rs 1.09/litre, diesel dearer by 50p NIFTY FUTURE Nifty Future closed in the red in the last trading session. We advise selling around 7740 - 7760 level with strict stop loss of 7800 for the targets of 7700-7660
- DAILY REPORT 01st AUGUST 2014 YOUR MINTVISORY Call us at +91-731-6642300 COMMODITY MCX RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER SEP ABOVE 44630 TGTS 44830,45130 SL 44350 SELL SILVER SEP BELOW 44200 TGTS 44000,43700 SL 44500 GOLD TRADING STRATEGY: BUY GOLD AUG ABOVE 27910 TGTS 27980,28080 SL 27820 SELL GOLD AUG BELOW 27740 TGTS 27660,27560 SL 27840 COMMODITY ROUNDUP Spot gold was little changed at $1,282.79 an ounce by 0017 GMT, after falling 1% in the previous session. It hit $1,280.76 on Thursday - its lowest since June 19. Gold was on track for a 2% fall for the week, after posting its sharpest monthly drop of the year in July. The metal was hurt by data on Thursday that showed that U.S. labour costs re- corded their biggest gain in more than 5-1/2 years in the second quarter, bolstering the economy's outlook. A strong economy blunts gold's appeal as an alternative to riskier assets such as equities. Lead weakened by 1.06 per cent to Rs 135.20 per kg in fu- tures trade yesterday largely in tandem with a weak trend overseas and subdued demand from battery-makers in the domestic spot market. At MCX lead for delivery in July fell by Rs 1.45, or 1.06 per cent, to Rs 135.20 per kg in business turnover of 264 lots. The August contract traded lower by Rs 1.40, or 1.02 per cent, to Rs 135.55 per kg in 181 lots. Besides subdued demand from battery-makers in the do- mestic spot market, a weak trend in copper and other base metals at LME, put pressure on lead prices at futures trade. Nickel futures yesterday traded lower by 0.38 per cent to Rs 1,141.80 per kg largely in tune with a weakening trend overseas amid subdued spot demand. At MCX nickel for delivery in July weakened by Rs 3.30, or 0.38 per cent, to Rs 1,141.80 per kg in business turnover of 367 lots. August nickel traded lower by Rs 3.60, or 0.31 per cent, to Rs 1,145.90 per kg in 220 lots. Apart from weak demand from alloy-makers at domestic spot markets, a weak trend in the base metals pack at the London Metal Exchange mainly weighed on nickel prices at futures trade here. Brent crude oil slipped to around $106 a barrel on Thursday as higher Organization of the Petroleum Exporting Coun- tries output and disappointing demand in the United States outweighed tensions in the Middle East, Africa and Ukraine. Opec pumped more oil in July than in June despite concerns that unrest in Africa and the Middle East could hurt produc- tion, a Reuters survey showed. Gasoline stockpiles rose in the United States even though it is the peak driving season, raising concern over the outlook for demand in the world's largest oil consumer.