Stock market special report by epic research 22nd july 2014

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Transcript of Stock market special report by epic research 22nd july 2014

  • DAILY REPORT 22nd JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Asian equity markets rose on Tuesday as geopolitical con- cerns in eastern Ukraine and the Gaza strip eased follow- ing new developments overnight. News of a break- through in negotiations over the developments at the downed Malaysia Airlines crash site helped to stabilize sentiment. Rebel leaders handed over two black boxes to Malaysian experts in Donetsk who confirmed they were in good condition. Focus now turns to a meeting of euro zone foreign ministers on Tuesday to discuss further sanctions against Russia. Wall Street Update US stocks slipped on Monday as investors remained cau- tious about instability in Ukraine and Gaza, though the three major indexes ended well off their lows, a sign that some appetite for riskier assets remained. The S&P 500 fell as much as 0.6 percent, though it recovered most of those losses and closed right above its 14-day moving average, suggesting buyers were using weakness to come back into the market. Still, the day's losses were broad, and nine of the 10 primary S&P 500 sector indexes fell. The S&P energy sector index represented the only posi- tive group, up 0.2 percent. US crude oil for August deliv- ery shot up 1.4 percent to settle at USD 104.59 ahead of Tuesday's contract expiry. Previous day Roundup Equity benchmarks started off week on a positive note on Monday, continuing upmove for the fifth consecutive session supported by quarterly earnings from index heavyweights Reliance Industries and HDFC. Overall it was a volatile session with the Sensex rising 73.61 points to close at 25715.17 and the Nifty gaining 20.30 points to 7684.20 after hitting days highs of 25861.15 and 7772.10, respectively. Experts continued to be bullish on India, saying RBI policy on August 5 and monsoon will be near term triggers for the market. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 28.06pts], Capital Goods [down 124.51pts], PSU [down 40.58pts], FMCG [up 72.33pts], Realty [down 19.76pts], Power [down 13.87pts], Auto [up 3.76pts], Healthcare [up 14.66pts], IT [down 26.37Pts], Metals [down 31.69pts], TECK [down 4.5pts], Oil& Gas [up 64.16pts]. World Indices Index Value % Change D J l 17051.73 -48.45 S&P 500 1973.63 -0.23 NASDAQ 4424.70 -7.44 EURO STO 3165.02 -0.86 FTSE 100 6728.44 -0.31 Nikkei 225 15357.10 +0.93 Hong Kong 23586.63 +0.85 Top Gainers Company CMP Change % Chg INDUSINDBK 561.00 18.65 3.44 ASIANPAINT 595.00 14.55 2.51 HDFC 1,004.75 21.75 2.21 RELIANCE 996.00 19.25 1.97 ACC 1,487.25 26.05 1.78 Top Losers Company CMP Change % Chg DLF 214.50 6.50 -2.94 TATAPOWER 103.70 2.15 -2.03 GAIL 436.20 8.85 -1.99 IDFC 160.70 3.25 -1.98 BHEL 234.20 4.45 -1.86 Stocks at 52 Weeks high Symbol Prev. Close Change %Chg ADANIPORTS 287.6 0.70 -0.24 AXISBANK 2017.35 21.55 +1.08 CENTURYTEX 91.95 4.40 +5.03 IDFC 160.7 3.25 -1.98 MCX 848.7 62.2 +7.91 Indian Indices Company CMP Change % Chg NIFTY 7684.2 +20.30 +0.26 SENSEX 25715.17 +73.61 +0.29 Stocks at 52 Weeks Low Symbol Prev. Close Change %Chg
  • DAILY REPORT 22nd JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. CENTURY TEXTILES FUTURE CENTURY TEXTILE FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 630 levels. We advise buying around 630- 635 levels with strict stop loss of 645-650 for the targets of 620 levels. 2. CANARA BANK FUTURE CANARA BANK FUTURE looking weak on charts, short build up has been seen, we may see more downside, if it sus- tains below 400 levels. We advise selling around 405 -410 levels with strict stop loss of 425 for the targets of 390- 380 levels. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. COX & KINGS COX&KING strong on daily chart. We advise buying around 272 level with strict stop loss 268 for the targets of 276-280 MACRO NEWS Canara Bank 's Q1 net profit grew 1.9%, lower than expected, to Rs 807cr on account of lower other in- come during the quarter despite fall in provisions. Its asset quality performance weakened on sequential basis. HDFC BANK reported a profit after tax of Rs 2,233 crore in April-June quarter, a growth of 21 percent compared to Rs 1,844 crore in same quarter last year. Profitability of the bank was lower than esti- mates due to higher provisioning and lower other income while NII was in line. HDFC reported a 14.7% growth, better than expecta- tions, in Q1 net profit at Rs 1,345cr VS. Rs 1,173cr in same quarter last year. Tata Metaliks turned profitable with Q1 consolidated net profit at Rs 34.3cr as against loss of Rs 13.2 crore in corresponding quarter of last fiscal. The company's net sales were up at Rs 356.5cr Vs. Rs 341cr, Y-o-Y. Government mulls scrapping 30% domestic sourcing clause for FDI in single-brand retail. S&P ups Tata Steel outlook to 'stable' from 'negative'.
  • DAILY REPORT 22nd 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 7,600 36.4 3,92,647 54,90,300 NIFTY PE 7,700 74.85 3,10,256 28,66,650 NIFTY PE 7,500 17.1 2,49,110 68,35,500 BANKNIFTY PE 15,000 78.3 33,367 6,83,675 RELIANCE PE 980 8.5 3,295 3,53,500 SBIN PE 2,500 34.5 2,954 2,69,875 RELIANCE PE 960 3.9 2,090 3,12,500 TCS PE 2,300 6 1,866 2,23,875 MOST ACTIVE CALL OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 7,700 56 4,22,921 51,72,350 NIFTY CE 7,800 21.3 3,90,841 51,32,750 NIFTY CE 7,900 6.6 1,87,229 38,57,900 BANKNIFTY CE 16,000 29 51,858 5,19,725 RELIANCE CE 1,000 15.4 9,832 11,92,000 SBIN CE 2,600 22.5 8,367 4,51,250 TCS CE 2,500 14.8 3,331 4,42,625 ICICIBANK CE 1,500 22.5 3,020 4,80,750 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 29333 1130.10 21664 835.11 338650 13018.95 294.99 INDEX OPTIONS 250845 9614.94 261075 10001.68 1755714 67461.76 -386.73 STOCK FUTURES 71162 2562.28 57727 2152.15 1554305 56416.16 410.13 STOCK OPTIONS 59186 2225.35 60478 2270.70 117662 4387.39 -45.35 TOTAL 273.04 INDICES R2 R1 PIVOT S1 S2 NIFTY 7,741.53 7,712.87 7,693.43 7,664.77 7,645.33 BANK NIFTY 15,631.62 15,508.78 15,432.07 15,309.23 15,232.52 STOCKS IN NEWS Hindustan Media Q1 Net up 11.81 per cent at Rs 33.88 crore IOC, BPCL, HPCL to raise refining capacity to 185.3 MT by FY17 SAIL, RINL spend Rs 7k cr for plants' maintenance in 3 yrs Strides Arcolab to take control of Bafna's India branded generics biz for Rs 48.1 crore. NIFTY FUTURE Nifty Future closed flat in the last trading session. We advise buying around 7725 level with strict stop loss of 7675 for the targets of 7775-7825
  • DAILY REPORT 22nd JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 COMMODITY MCX RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER SEP ABOVE 45250 TGTS 45450,45750 SL 44950 SELL SILVER SEP BELOW 45050 TGTS 44850,44550 SL 45350 GOLD TRADING STRATEGY: BUY GOLD AUG ABOVE 28250 TGTS 28330,28430 SL 28150 SELL GOLD AUG BELOW 28000 TGTS 27920,27820 SL 28100 COMMODITY ROUNDUP In May last year, the Reserve bank of India directed banks not to import gold on a consignment basis, denting inflows in June. This year, there was some easing in the number of entities allowed to import. As a result, gold import surged to $3.1 billion in June, from $1.9 billion a year earlier. As for silver, data from the Union ministry of commerce shows import declined by 53.4 per cent to $212.8 million (Rs 1,271 crore) from $457 mn (Rs 2,666 crore) in June last year. In volume, imports fell from 579 tonnes last June to 323 tonnes. During the period, international silver prices fell 5.7 per cent, from an average of $21.12 an ounce in June 2013 to $19.91/oz this June. Silver imports fell sharply in June due to overall weak sen- timent in jewellery markets. Also, the manufacturing sector, which constitutes around two-third of consumption, is fac- ing a slowdown, resulting in lower demand, said Suresh Hundia, managing director of Hundia Exports, one of the largest importers of silver. MCX SILVERM August contract was trading at Rs 45226 up Rs 269, or 0.60 percent. The SILVERM rate touched an intra- day high of Rs 45277 and an intraday low of Rs 44960. So far 8290 contracts have been traded. SILVERM prices have moved down Rs 1880, or 3.99 percent in the August series so far. MCX SILVERM November contract was trading at Rs 46082 up Rs 311, or 0.68 percent. The SILVERM rate touched an intraday high of Rs 46085 and an intraday low of Rs 45811. So far 266 contracts have been traded. SILVERM prices have moved down Rs 4114, or 8.20 percent in the November MCX GOLDPETAL July contract was trading at Rs 2868 up Rs 5, or 0.17 percent. The GOLDPETAL rate touched an intra- day high of Rs 2870 and an intraday low of Rs 2860. So far 1935 contracts have been traded. GOLDPETAL prices have moved down Rs 110, or 3.69 percent in the July series so far. MCX GOLDPETAL August contract was trading at Rs 2842 up Rs 10, or 0.35 percent. The GOLDPETAL rate touched an intraday high of Rs 2843 and an intraday low of Rs 2832. So far 891 contracts have been traded. GOLD- PETAL prices have moved down Rs 258, or 8.32 percent in the August :
  • DAILY REPORT 22nd JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS DHANIYA BUY DHANIYA AUG ABOVE 12000 TGTS 12030,12080 SL 11950 SELL DHANIYA AUG BELOW 11830 TGTS 11800,11750 SL 11880 GUARSEED BUY GUARSEED AUG ABOVE 5490 TGTS 5520,5570 SL