Stock market special report by epic research 1st august 2014

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DAILY REPORT 01 st 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 Week’s 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 Week’s Low Symbol Prev. Close Change %Chg

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Transcript of Stock market special report by epic research 1st august 2014

Page 1: 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 Week’s 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 Week’s Low

Symbol Prev. Close Change %Chg

Page 2: Stock market special report by epic research 1st august 2014

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 Tech’s 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 company’s 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.

Page 3: Stock market special report by epic research 1st august 2014

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 DAY SELL

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

Page 4: Stock market special report by epic research 1st august 2014

DAILY REPORT

01st AUGUST 2014

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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.

Page 5: Stock market special report by epic research 1st august 2014

DAILY REPORT

01st AUGUST 2014

YOUR MINTVISORY Call us at +91-731-6642300

RECOMMENDATIONS

DHANIYA

BUY DHANIYA AUG ABOVE 11840 TGTS 11870,11920 SL

11790

SELL DHANIYA AUG BELOW11800 TGTS 11770,11720 SL

11850

GUARSEED

BUY GUARSEED AUG ABOVE 5075 TGTS 5105,5155 SL 5025

SELL GUARSEED AUG BELOW 5000 TGTS 4970,4920 SL 5050

NCDEX

NCDEX INDICES

Index Value % Change

Castor Seed 4278 +0.64

Chana 2802 -2.51

Coriander 11810 -1.18

Cotton Seed Oilcake 1665 +0.48

Guarseed 5030 -3.36

Jeera 11185 -0.80

Mustard seed 3596 +0.11

Soy Bean 3640 +0.17

Sugar M Grade 2997 -0.20

Turmeric 6402 -1.05

NCDEX ROUNDUP

Refined soya oil prices moved up by 0.30% to Rs 677.20 per

10 kg in futures trading yesterday as speculators created

fresh positions amid rising demand in spot markets. At

NCDEX, refined soya oil for delivery in August moved up by

Rs 2, or 0.30%, to Rs 677.20 per 10 kg with an open interest

of 55,540 lots. Similarly, the oil for delivery in September

traded higher by Rs 1.60, or 0.24%, to Rs 670.60 per 10 kg in

1,04,850 lots. Fresh positions built-up by speculators as de-

mand picked up in the spot markets, mainly led to the rise

in refined soya oil prices at futures trade.

The CACP may recommend further rationalization of import

duty on oilseeds, with the aim of easing domestic prices and

containing inflationary pressure emanating from food arti-

cles that are import sensitive. The ministry of agriculture

has advised all its divisions to prepare on priority all meas-

ures to combat food inflation. Therefore, a hike in import

duty of agricultural commodities is not a preferred option at

this point of time.

Inflationary pressure may see a marginal increase in the

minimum support price of wheat in the rabi season. The

CACP is expected to announce the MSP for rabi crops

shortly. The wheat prices are higher in India than in global

markets. In India the prices range between Rs 1,600-1,700

per quintal, compared with the MSP of Rs 1,400 per quintal.

In the international markets, the prices have fallen over the

past one year from Rs 1800 per quintal to around RS 1,500

per quintal

Page 6: Stock market special report by epic research 1st august 2014

DAILY REPORT

01st AUGUST 2014

YOUR MINTVISORY Call us at +91-731-6642300

JPY/INR

BUY JPY-INR ABOVE 59.28 TG 59.58,59.88 SL 58.98

SELL JPY-INR BELOW 58.94 TG 58.74,58.44 SL 59.24

USD/INR

BUY USD-INR ABOVE 60.95 TG 61.15,61.45 SL 60.65

SELL USD-INR BELOW 60.60 TG 60.40,60.10 SL 60.90

CURRENCY ROUNDUP

The Indian rupee extended losses and was trading lower at

Rs 60.46 compared to the previous close of Rs 60.09 as the

dollar strengthened following encouraging GDP data from

the US. Further, weakness in the domestic stock markets

also weighed on sentiment.

The Indian rupee slumped to a three-month low on Thurs-

day, hurt by a rally in the dollar in global markets that

helped spur state-run banks into buying greenbacks for cor-

porate- and defence-related payments. The partially con-

vertible rupee fell to as low as 60.57 per dollar at one point,

its lowest since April 29, when the currency was in the midst

of a rally in the lead-up to the general elections.

The rupee declined 0.63 percent in July, marking its second

consecutive monthly fall, despite foreign investor buying

shares and debt worth just over $6 billion, as per official

data. The rupee had been hit by sustained gains in the dol-

lar, which was trading at just below a 10-month high against

a basket of major currencies. The rupee ended at 60.55/56

per dollar, down about 0.83 percent for the day, its biggest

single-day fall since June 13.

In the offshore non-deliverable forwards, the one-month

was at 60.87/97, while the three-month was at 61.41/51.

Earlier Thursday, the Labor Department reported that the

number of individuals filing for unemployment assistance in

the U.S. last week rose by 23,000 to 302,000 from the previ-

ous week's total of 279,000. Analysts had expected jobless

claims to rise by 22,000 to 301,000. The Labor Department

added that the employment cost index rose by 0.7% in the

three months to June after a 0.3% increase in the first quar-

ter. Economists had expected a 0.5% gain.

The dollar continued to see support from Wednesday's U.S.

gross domestic product report.

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 60.2460 Yen-100 58.6100

Euro 80.6985 GBP 101.9242

Page 7: Stock market special report by epic research 1st august 2014

DAILY REPORT

01st AUGUST 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

31/07/14 MCX GOLD AUG. BUY 27980 28060-28180 27880 NOT EXECUTED

31/07/14 MCX GOLD AUG. SELL 27720 27640-27540 27820 NOT EXECUTED

31/07/14 MCX SILVER SEP. BUY 44550 44750-45050 44250 BOOKED PROFIT

31/07/14 MCX SILVER SEP. SELL 44200 44000-43700 44500 NOT EXECUTED

31/07/14 NCDEX GUARSEED AUG. BUY 5250 5280-5330 5200 NOT EXECUTED

31/07/14 NCDEX GUARSEED AUG. SELL 5190 5160-5110 5240 BOOKED FULL

PROFIT

31/07/14 NCDEX DHANIYA AUG. BUY 11985 12015-12065 11935 NOT EXECUTED

31/07/14 NCDEX DHANIYA AUG. SELL 11930 11900-11850 11980 BOOKED FULL

PROFIT

31/07/14 GBP/INR JULY BUY 102.36 102.56-102.96 102.16 NOT EXECUTED

31/07/14 GBP/INR JULY SELL 102.15 101.95-101.65 102.45 NOT EXECUTED

31/07/14 EUR/INR JULY SELL 81.17 81.37-81.67 80.97 BOOKED PROFIT

31/07/14 EUR/INR JULY BUY 80.77 80.57-80.27 80.97 NOT EXECUTED

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

31/07/14 NIFTY FUTURE BUY 7700-7720 7750-7790 7670 CALL OPEN

31/07/14 TATAMOTOR DVR FUTURE BUY 296-300 305-310 290 CALL OPEN

31/07/14 HAVELLS FUTURE SELL 1180-1190 1150-1120 1220 CALL OPEN

31/07/14 INDOCO CASH BUY 210-215 225-245 200 BOOKED FULL

PROFIT

30/07/14 DLF FUTURE SELL 196-198 192-185 202 SL TRIGGERED

Page 8: Stock market special report by epic research 1st august 2014

DAILY REPORT

01st AUGUST 2014

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NEXT WEEK'S U.S. ECONOMIC REPORTS

ECONOMIC CALENDAR

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Disclaimer

TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS

MONDAY, JULY 28

10 AM PENDING HOME SALES JUNE -- 6.1%

TUESDAY, JULY 29

9 AM CASE-SHILLER HOME PRICE INDEX MAY -- 10.8% YOY

10 AM CONSUMER CONFIDENCE INDEX JULY 85.0 85.2

10 AM VACANCY RATE 2Q -- 8.3%

WEDNESDAY, JULY 30

8:15 AM ADP EMPLOYMENT JULY -- 281,000

8:30 AM GDP 2Q 3.2% -2.9%

2 PM FOMC STATEMENT

THURSDAY, JULY 31

8:30 AM WEEKLY JOBLESS CLAIMS JULY 26 296,000 284,000

8:30 AM EMPLOYMENT COST INDEX 2Q 0.5% 0.3%

9:45 AM CHICAGO PMI JULY 64.0 62.6

FRIDAY, AUG. 1

8:30 AM NONFARM PAYROLLS JULY 228,000 288,000

8:30 AM UNEMPLOYMENT RATE JULY 6.0% 6.1%

8;30 AM PERSONAL INCOME JUNE 0.4% 0.4%

8:30 AM CONSUMER SPENDING JUNE 0.4% 0.2%

9:45 AM MARKIT PMI JULY -- 56.3

9:55 AM CONSUMER SENTIMENT JULY 81.9 81.3

10 AM ISM JULY 56.0% 55.3%

10 AM CONSTRUCTION SPENDING JUNE 0.4% 0.1%

TBA MOTOR VEHICLE SALES JULY 16.7 MLN 16.9 MLN