Stock market special report by epic research 25th july 2014

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Transcript of Stock market special report by epic research 25th july 2014

  • DAILY REPORT 25th JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance An index of Asian shares pulled away from a three-year high on Friday after a mostly flat day on Wall Street, though a fresh S&P closing record and upbeat U.S. em- ployment data underpinned sentiment. MSCI's broad- est index of Asia-Pacific shares outside Japan was down about 0.1 percent in early trade, though still on track for solid weekly gain, while Japan's Nikkei stock aver- age added 0.4 percent. European shares opened slightly lower on Thursday, with investor attention dominated by a raft of mixed company earnings and economic data that appeared unlikely to dispel worries about the eurozone's pace of recovery. The FTSEurofirst 300 slipped 0.2% in early trade, to 1,372.80pts, with benchmark indexes in France, Germany and the UK down 0.3 to 0.6%. Wall Street Updates U.S. stocks finished a quiet session mostly flat on Thursday as earnings painted a mixed picture of the economy, though the S&P 500 set another record clos- ing high. Recent gains on Wall Street have been fueled by earnings, which have been strong this quarter. With 41 percent of S&P 500 companies having reported re- sults so far, 68% have posted earnings that topped ex- pectations. The DJI dipped 2.83 pts or 0.02%, to close at 17,083.80. The S&P 500 gained 0.97 of a pts or 0.05% to end at 1,987.98, its second record closing high in a row. The Nasdaq shed 1.59pts or 0.04%, to finish at 4,472.11. At its record intraday high of 1,991.39, the S&P 500 was just 0.4% below the 2,000 milestone. Previous day Roundup The market has ended at record closing high after a volatile trading session. The Nifty closed above 7800 for first time ever, at 7830.60, up 34.85 points. The Sensex ended at record closing high of 26,271.85 up 124.52 points. About 1502 shares have advanced, 1456 shares declined, and 129 shares were unchanged. Index stats The Market was very volatile in last session. The sarto- rial indices performed as follow; Consumer Durables [down 1.69pts], Capital Goods [up 30.46pts], PSU [up 23.17pts], FMCG [up 60.69pts], Auto [up 3.67pts], Healthcare [down 30.02pts], IT [up 87.79Pts], Metals [up 196.37pts], TECK [up 35.31pts], Oil& Gas [down 21.22pts], Power [down 7.44pts], Realty [up 6.28pts] World Indices Index Value % Change D J l 17083.00 -0.02 S&P 500 1987.98 +0.05 NASDAQ 4472.11 -0.04 EURO STO 3220.07 +0.84 FTSE 100 6821.46 +0.34 Nikkei 225 15371.59 +0.57 Hong Kong 24105.57 -0.15 Top Gainers Company CMP Change % Chg BANKBARODA 883.50 29.85 3.50 ASIANPAINT 620.30 16.95 2.81 HCLTECH 1,583.00 40.60 2.65 HINDALCO 198.80 5.05 2.61 TATASTEEL 567.95 13.40 2.42 Top Losers Company CMP Change % Chg CAIRN 322.45 23.10 -6.68 GAIL 429.90 8.55 -1.95 POWERGRID 134.65 1.65 -1.21 HEROMOTOCO 2,530.00 28.30 -1.11 DRREDDY 2,704.50 29.50 -1.08 Stocks at 52 Weeks high Symbol Prev. Close Change %Chg ADVANTA 319.7 15.2 +4.99 ASIANPAINT 620.3 16.95 +2.81 HINDALCO 198.8 5.05 +2.61 TCS 2586.15 4.85 +0.19 TECHM 2150.30 28.70 +1.33 Indian Indices Company CMP Change % Chg NIFTY 7830.60 +34.85 +0.45 SENSEX 26271.85 +124.52 +0.48 Stocks at 52 Weeks Low Symbol Prev. Close Change %Chg
  • DAILY REPORT 25th JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1.UCO BANK FUTURE UCO BANK FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 106 levels. We advise buying around 106-107 levels with strict stop loss of 105 for the targets of 111-114 levels. 2. BANK OF INDIA FUTURE BANK OF INDIA FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sus- tains above 300 levels. We advise buying around 296-300 levels with strict stop loss of 290 for the targets of 305-310. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. BANK BARODA BANKBARODA is looking strong on daily chart. We advise buying around 885 level with strict stop loss 869 for the tar- gets of 901-917 MACRO NEWS Results today: PNB, Ashok Leyland, LIC Housing, Colgate, ALBK, UCOBank, Suzlon, STAR, Manappuram Finance, No- vartis, Indiabulls Real Estate, Heidelberg Cement, Indian Bank, HT Media, JK Lakshmi, JustDial, Raymond, Omaxe, ThomasCook, ParrysSugar, Kalindee, EdelweissFinancials, GujaratPipavav, Advanta, Bharat Bijlee. Banks have initiated process of declaring Kingfisher Air- lines as wilful defaulter. RBI raises FII sub-limit in govt bonds by $5 bn TVSMOTOR reported lower than expected net profit 72cr for Q1 June 30 2014, due to high raw material cost. Com- pany had profit of Rs 52cr in same quarter last year. Wipros Q1 IT services revenues rose 5% over April quar- ter,to Rs 11,140Cr,Vs. estimate of Rs 10699cr. Dollar reve- nues at USD1740.2mn marginally below estimate of USD1745mn. Dollar revenues were up 1.16%QoQ. IMF has retained its GDP forecast for India unchanged at 5.4% for FY15 & 6.4% for FY16. IMF believes improved business sentiment is likely to offset impact of poor rains and aid economic recovery in India. It says Indian GDP growth appears to have bottomed out.
  • DAILY REPORT 25th 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 7,700 10.5 5,95,556 72,20,100 NIFTY PE 7,800 30 4,87,137 48,96,800 NIFTY PE 7,600 4.6 3,14,605 57,39,950 BANKNIFTY PE 15,000 17.6 26,906 7,28,625 SBIN PE 2,500 13 4,125 3,13,875 RELIANCE PE 1,020 5.55 2,939 4,65,500 TCS PE 2,500 12.35 2,185 1,53,625 INFY PE 3,300 15.35 2,106 2,13,625 MOST ACTIVE CALL OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 7,800 62.5 6,88,245 49,38,400 NIFTY CE 7,900 19.75 5,18,252 56,62,150 NIFTY CE 7,700 139.6 2,07,591 41,21,400 BANKNIFTY CE 16,000 22.65 38,519 6,03,775 SBIN CE 2,600 18.05 6,485 4,97,875 RELIANCE CE 1,040 12.75 6,398 10,61,500 INFY CE 3,400 31.5 4,703 4,18,125 TCS CE 2,600 15 4,697 2,38,500 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 58046 2259.83 56716 2207.45 388070 15105.96 52.38 INDEX OPTIONS 439078 16981.75 437718 16888.08 1835286 71490.76 93.66 STOCK FUTURES 101761 3742.58 82446 3117.57 1538182 56309.60 625.01 STOCK OPTIONS 74844 2875.09 77324 2968.95 118469 4461.24 -93.86 TOTAL 677.19 INDICES R2 R1 PIVOT S1 S2 NIFTY 7,876.63 7,853.62 7,812.63 7,789.62 7,748.63 BANK NIFTY 15,650.12 15,592.23 15,501.22 15,443.33 15,352.32 STOCKS IN NEWS CIL faces 10 mt coal production loss as agitation con- tinues. Gujarat govt. admits giving loan to Tata Motors. India's steel production up 0.8% amid signs of recov- ery. Bharti Airtel gets 3G licence in Niger. Cairn to shut down Mangala terminal for 10 days. L&T Fin: NPAs dampen stable loan growth, credit costs. NIFTY FUTURE Nifty Future closed upside in the last trading session. We advise buying around 7840 level with strict stop loss of 7790 for the targets of 7890-7940
  • DAILY REPORT 25th JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 COMMODITY MCX RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER SEP ABOVE 44150 TGTS 44350,44650 SL 43850 SELL SILVER SEP BELOW 43700 TGTS 43500,43200 SL 44000 GOLD TRADING STRATEGY: BUY GOLD AUG ABOVE 27750 TGTS 27830,27930 SL 27650 SELL GOLD AUG BELOW 27580 TGTS 27500,27400 SL 27680 COMMODITY ROUNDUP Silver prices were down 0.59% to Rs 44,665 per kg in fu- tures trade yesterday amidst profit-booking by speculators and a weak trend overseas. At the Multi Commodity Ex- change, silver for delivery in September traded lower by Rs 263, or 0.59%, to Rs 44,665 per kg in a business turnover of 1,333 lots. Similarly, the white metal for delivery in Decem- ber declined by Rs 271, or 0.59%, to Rs 45,481 per kg in a business volume of 67 lots. In the international market, sil- ver fell by 0.50% to $20.80 an ounce in Singapore. Apart from profit-booking by participants, a weak trend in global markets led to the fall in silver prices at futures trade here. The gradual rise in global zinc prices is expected to squeeze the operating margins of galvanised steel producers, due to their inability to pass on the increased cost of production to consumers. Zinc is resistant to rust. Zinc prices have moved up 21 per cent since April, on reports of the closure of mines. Spot zinc on the benchmark LME settled at $2,375 a tonne on Thursday, from $1,962 a tonne on April 1. Galva- nised steel producers in India face a double problem. Lower demand from the infrastructure sector, the largest con- sumer of galvanised steel, has dampened overall business sentiment in this segment. Exports would also be hit, with global oversupply. Copper prices rose by 0.94% to Rs 431.10 per kg as specula- tors created fresh positions, tracking a firm global trend. Increased demand from consuming industries in spot mar- ket also supported the upside. At MCX copper for delivery in August moved up by Rs 4, or 0.94% to Rs 431.10 per kg in business turnover of 4,318 lots. Likewise, the metal for de- livery in far-month November contracts traded higher by Rs 3.80, or 0.86% to Rs 438.30 per kg in 99 lots. Fresh positions built-up by speculators in tandem with a firming global trend on better-than-expected manufacturing data from China, the world's largest user of industrial metals, mainly influenced copper prices at futures trade. Gold was holding its ground above $1,300 an ounce on Thursday as violence deepened in the West Asia over the Gaza strip and as holdings in the top bullion-backed fund rose on safe-haven bids.