Stock market special report by epic research 26th june 2014

DAILY REPORT

26th JUNE 2014

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance

Asian shares swung higher on Thursday as weak U.S.

growth seemed to further delay the day when interest

rates might rise, pulling down bond yields globally and

pushing investors toward riskier assets in a desperate

search for returns.

European shares fell on Wednesday, with utility GDF Suez

a standout loser, as traders cited fears that violence in

Iraq will escalate further as a cue for investors to cash in

on last month's equity rally. The pan-European FTSEuro-

first 300 index ended down by 1.1 percent at 1,372.04

points, marking its lowest level in around three weeks.

Wall Street Update

US stocks rose on Wednesday, led by drugmakers, while

a Supreme Court ruling lifted the shares of major broad-

casters. The Dow Jones industrial average rose 49.38

points or 0.29 percent, to 16,867.51. The S&P 500 gained

9.55 points or 0.49 percent, to 1,959.53. The Nasdaq

Composite added 29.40 points or 0.68 percent, to

4,379.76.

Previous day Roundup

After a volatile session, The S&P BSE Sensex ended a lack-

luster session in the red as traders squared off long posi-

tions ahead of the June series F&O expiry. Gains in auto,

pharmaceuticals and IT were offset by losses in capital

goods, banks and oil & gas sectors. The 30-share index

ended at 25,313.74, down 55.16pts or 0.22%. It touched

intraday high of 25,427.80 and a low of 25,274.39 in

trade yesterday.

The Nifty closed at 7,569.25, down 10.95pts or 0.14%. It

touched intraday high of 25,427.80 and low of 25,274.39.

S&P BSE Midcap Index was up 0.52% and S&P BSE Small-

cap Index gained 0.35%. About 1689 shares advanced,

1344 shares declined and 110 shares were unchanged.

Index stats

The Market was very volatile in last session. The sartorial

indices performed as follow; Consumer Durables [up

75.8pts], Capital Goods [down 111.2pts], PSU [up

29.52pts], FMCG [down 24.77pts], Realty [up 18.10pts],

Power [up 8.47pts], Auto [up 114.38pts], Healthcare [up

91.02pts], IT [up 13.07pts], Metals [up pts], TECK [down

0.27pts], Oil& Gas [down 91.14pts].

World Indices

Index Value % Change

D J l 16867.51 +0.29

S&P 500 1959.53 +0.49

NASDAQ 4379.76 +0.68

EURO STO 3252.31 -0.99

FTSE 100 6733.62 -0.79

Nikkei 225 15314.74 +0.32

Hong Kong 23051.28 +0.81

Top Gainers

Company CMP Change % Chg

BAJAJ-AUTO 2283.00 61.85 +2.78

MARUTI 2464.00 49.4 +2.05

LUPIN 1027.00 17.80 +1.76

GAIL 467.00 7.50 +1.63

HINDUNILVR 626.3 10.05 +1.63

Top Losers


ITC 315.6 4.90 -1.53

IDFC 128.00 1.95 -1.50

ICICIBANK 1418.1 21.20 -1.47

ONGC 436.7 6.25 -1.41

DLF 216.1 3.10 -1.41

Stocks at 52 Week’s high

Symbol Prev. Close Change %Chg

AUROPHARMA 750.05 23.65 +3.26

BAJAJ-AUTO 2283.00 61.85 +2.78

BIOCON 506.2 20.00 +4.11

GAIL 467.00 7.50 +1.63

HDFC 994.65 1.45 -0.15

Indian Indices


NIFTY 7569.25 -10.95 -0.14

SENSEX 25313.74 -55.16 -0.22

Stocks at 52 Week’s Low

Symbol Prev. Close Change %Chg

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DAILY REPORT

26th JUNE 2014


STOCK RECOMMENDATIONS [FUTURE]

1. BIOCON

BIOCON FUTURE is looking strong on charts, long build up

has been seen, we may see more upside, if it sustains above

500 levels. We advise buying around 500-505 levels with

strict stop loss 492 for the targets of 512-520 levels.

2. IRB

IRB FUTURE is looking strong on charts, long build up has

been seen, we may see more upside, if it sustains above

222 levels. We advise buying around 225-228 levels with

strict stop loss 221 for the targets of 234-238 levels.

EQUITY CASH & FUTURE

STOCK RECOMMENDATION [CASH]

1. SHOBHA DEVELOPER

SHOBHA DEVELOPER ascending triangle on daily chart. We

advise buying around 545 level with strict stop loss 535 for

the targets of 555-565

MACRO NEWS

The government has extended lower excise duty on auto,

capital goods and consumer goods for another six

months.

The government plans to impose an additional penalty of

USD 578 million on Reliance Industries for producing less-

than-targeted natural gas from its eastern offshore KG-D6

block.

ICRA wants revision in urea pricing.

Competition Commission dismisses charges of unfair

trade practices by Wipro.

Cabinet Committee on Economic Affairs (CCEA) defers

decision on gas pricing by 3 months.

In a setback to gas producers like Reliance Industries, the

government today postponed revision in natural gas

prices by three months pending a "comprehensive" re-

view to make a controversial pricing formula more palat-

able.

Hailing the central bank’s move to permit non banking

finance companies will enhance the financial inclusion

programme.


DAILY REPORT

26th JUNE 2014


FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts

)

Open

Interest

NIFTY PE 7,600 36.4 5,71,126 40,25,900

NIFTY PE 7,500 3.5 4,88,992 68,20,750

BANKNIFTY PE 7,550 11.55 2,61,603 23,07,450

BANKNIFTY PE 15,000 8.65 33,477 3,39,475

SBIN PE 2,660 5.25 3,821 1,30,625

MCDOWELL-N PE 2,600 9.1 2,687 1,79,250

RELIANCE PE 1,040 4.05 2,635 3,53,250

TATAMOTORS PE 440 1.35 2,454 6,25,000

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 7,600 14 7,27,818 73,05,650

NIFTY CE 7,700 1.15 3,13,568 80,51,250

BANKNIFTY CE 7,650 3.2 2,70,057 25,45,450

BANKNIFTY CE 15,500 9 33,328 4,15,225

SBIN CE 2,700 12.3 9,061 4,76,750

RELIANCE CE 1,060 5.8 7,121 9,78,000

MCDOWELL-N CE 2,700 15 4,283 3,64,125

RCOM CE 150 3 4,185 26,36,000

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 149375 5682.08 144845 5504.26 454094 17262.82 177.82

INDEX OPTIONS 275086 10363.84 290627 10926.18 1890236 71565.13 -562.34

STOCK FUTURES 380814 13941.29 394229 14449.96 1650122 60736.38 -508.67

STOCK OPTIONS 51748 1944.14 54441 2063.20 116572 4381.75 -119.05

TOTAL -1012.25

INDICES R2 R1 PIVOT S1 S2

NIFTY 7,604.05 7,586.65 7,571.85 7,554.45 7,539.65

BANK NIFTY 15,359.78 15,298.82 15,259.98 15,199.02 15,160.18

STOCKS IN NEWS

AMW Motors ties up with Larsen & Toubro Finance for

vehicle loans

Sebi has ordered a close scrutiny on the AstraZeneca

India delisting.

HDFC BANK in discussion with govt government for

raising FII investment limit.

L&T Infra Finance -To raise Rs 400 crore via private

placement of NCDs.

NIFTY FUTURE

Nifty Future closed flat in the last trading session. We

advise buying around 7625 levels with strict stop loss of

7575 for the targets of 7675 -7725


DAILY REPORT

26th JUNE 2014


COMMODITY MCX

RECOMMENDATIONS

SILVER

TRADING STRATEGY:

BUY SILVER ABOVE 44700 TGT 44900,45300 SL BELOW 44400

SELL SILVER BELOW 44470 TGT 44270,43970 SL ABOVE 44770

GOLD

TRADING STRATEGY:

BUY GOLD ABOVE 27820 TGT 27900,28000 SL BELOW 27720

SELL GOLD BELOW 27690 TGT 27610,27510 SL ABOVE 27790

COMMODITY ROUNDUP

In oil markets, U.S. crude was firmer after news of a govern-

ment decision to permit exports of lightly refined oil prom-

ised to open a new source of demand for the product. U.S.

crude CLc1 added 18 cents to $106.68 a barrel, while Brent

LCOc1 gained 20 cents to $114.20.

Gold in Singapore held on to small overnight gains on

Thursday to trade near a two-month high, supported by

safe-haven bids from weak data on U.S. economic growth

and a softer dollar. Spot gold was little changed at

$1,319.20 an ounce by 0008 GMT, after rising 0.1 percent in

the previous session. The U.S. economy contracted at a

much steeper pace in the first quarter than previously esti-

mated, turning in one of its worst-ever non-recession per-

formances, but growth already appears to have rebounded

strongly.

Fearing an input shortage due to the decision to raise the

level of compulsory blending of ethanol in petrol, the

chemical industry has urged the Union government to roll

back the decision without delay. In a letter to the ministries

of chemicals, finance, commerce, food and petroleum, the

ICC said the move would lead to reduced supply of indus-

trial alcohol, a valued raw material for a number of down-

stream industries.

Brent crude inched lower on Wednesday, but held close to

a nine-month high above $114 a barrel as Sunni insurgents

battled govt forces for control of Iraq's biggest refinery.

Platinum group metals were steady after tens of thousands

of South African platinum miners returned to work on

Wednesday after wage deals ended the longest and most

damaging strike in the country's history.

Silver prices fell for the third straight session and lost 0.67%

to Rs 44,703 per kg in futures trading yesterday on contin-

ued offloading of positions by speculators amid a weak

global trend. At the MCX, silver for delivery in September

fell further by Rs 300, or 0.67%, to Rs 44,703 per kg in a

business turnover of 341 lots. In a similar fashion, the white

metal for delivery in July declined by Rs 294, or 0.66%, to Rs

44,200 per kg in 2,399 lots.


http://www.business-standard.com/search?type=news&q=Multi+Commodity+Exchange

DAILY REPORT

26th JUNE 2014


RECOMMENDATIONS

DHANIYA

BUY DHANIYA JUL ABOVE 10750 TGTS 10780,10830 SL

10700

SELL DHANIYA JUL BELOW 10555 TGTS 10525,10475 SL

10605

GUARSEED

BUY GUARSEED JUL ABOVE 5760 TGTS 5790,5840 SL 5710

SELL GUARSED JUL BELOW 5550 TGTS 5520,5470 SL 5600

NCDEX

NCDEX INDICES

Index Value % Change

Castor Seed 4471 +0.16

Chana 2858 +0.28

Coriander 10660 +0.24

Cotton Seed Oilcake 1654 +0.73

Guarseed 5670 +1.25

Jeera 11290 -0.92

Mustard seed 3538 +0.03

Soy Bean 3912 -0.51

Sugar M Grade 3124 -0.22

Turmeric 6534 -1.27

NCDEX ROUNDUP

India is unlikely to achieve even 1mn tonnes of raw sugar exports, 25% of permissible quantity, under "Marketing and Promotion Scheme" due to pruning of subsidy period to seven months from 19 months proposed originally. Food Minister under the UPA govt. on February 28 this year ac-cepted sugar industry's demand and proposed subsidy on exports of raw sugar to tune of Rs 3,333 a tonne until Sept. 2015. It also put ceiling of four mt export during the period.

Coriander prices fell by 0.33% to Rs 10,600 per quintal as speculators reduced positions amidst subdued demand in the spot markets. Besides, adequate stocks position in the physical markets on increased arrivals from producing belts also put pressure on coriander prices. At NCDEX coriander for delivery in July eased by Rs 35, or 0.33%, to Rs 10,600 per quintal with an open interest of 27,560 lots. The price for August declined by Rs 34, or 0.31%, to Rs 10,908 per quintal with an open interest of 29,470 lots. Adequate avail-ability of stocks in physical markets against subdued de-mand led to the fall in coriander futures.

Chana prices moved up by 0.51% to Rs 2,939 per quintal as speculators enlarged positions on tight supplies from pro-ducing regions. Further, increased demand in the spot mar-ket also supported the uptrend. At NCDEX chana for deliv-ery in August rose by Rs 15, or 0.51%, to Rs 2,939 per quin-tal with an open interest of 64,630 lots. Similarly, the com-modity for delivery in July traded up by Rs 14, or 0.49%, to Rs 2,864 per quintal in 1,51,230 lots.


DAILY REPORT

26th JUNE 2014


EUR/INR

SELL EUR/INR BELOW 81.74 TGTS 81.59, 81.44 SL 81.95.

BUY EUR/INR ABOVE 82.15 TGTS 82.30, 82.45 SL 81.94.

USD/INR

SELL USD/INR BELOW 60.08 TGTS 59.98, 59.78 SL 60.29.

BUY USD/INR ABOVE 60.42 TGTS 60.57, 60.72 SL 60.27.

CURRENCY ROUNDUP

The dollar index .DXY fell as far as 80.091, a low not seen since May 22, while the euro bounced to $1.3627 EUR. Ster-ling climbed to $1.6984 from a one-week low of $1.6952, while the Australian dollar popped back above 94 U.S. cents from $0.9354. The lower dollar helped gold up to $1,318.75 an ounce, from a low of $1,310.36 on Wednesday.

The dollar languished near one-month lows against a basket of major currencies early on Thursday, having been knocked back hard after revised U.S. growth figures for the first quarter came in shockingly weak.

The Indian rupee hit a one-week low on Wednesday, weighed down by losses in other Asian currencies and shares but good dollar inflows for a share sale helped the unit recover to end marginally higher on the day.

The partially convertible rupee closed at 60.1250/1350 per dollar compared with 60.1325/1425 on Tuesday. The rupee dropped to as much as 60.3850 during the session, its low-est since June 18.

In the offshore non-deliverable forwards, the one-month contract was at 60.48, while the three-month was at 61.07.

India deferred a decision on Wednesday to raise prices of locally produced gas for next three months, saying the mat-ter requires more discussion.

India has moved a step closer to establishing industrial parks with China, the country's law minister said on Wednesday, as New Delhi looks to rebalance a $40 billion trade deficit with its northern neighbour.

The Indian government has raised the price at which it will buy the new season common rice from local farmers by 3.8 percent to 1,360 rupees ($22.78) per 100 kilograms, Law Minister told a news conference after a cabinet meeting.

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 60.2785 Yen-100 59.1500

Euro 82.0475 GBP 102.2806


DAILY REPORT

26th JUNE 2014


CALL REPORT

PERFORMANCE UPDATES

Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

25/06/14 MCX GOLD AUG. BUY 27850 27950-28150 27750 NOT EXECUTED

25/06/14 MCX GOLD AUG. SELL 27650 27550-27250 27750 SL TRIGGERED

25/06/14 MCX SILVER JULY BUY 44900 45200-45400 44650 NOT EXECUTED

25/06/14 MCX SILVER JULY SELL 44350 44100-43850 44600 BOOOKED PROFIT

25/06/14 NCDEX GUARSEED JULY BUY 5650 5680-5730 5600 BOOKED FULL

PROFIT

25/06/14 NCDEX GUARSEED JULY SELL 5545 5515-5465 5595 NOT EXECUTED

25/06/14 NCDEX DHANIYA JULY BUY 10690 10720-10770 10640 BOOKED FULL

PROFIT

25/06/14 NCDEX DHANIYA JULY SELL 10555 10525-10475 10605 NOT EXECUTED

25/06/14 JPY/INR JUNE BUY 59.34 59.49-59.64 59.13 NOT EXECUTED

25/06/14 JPY/INR JUNE SELL 59.98 58.83-58.68 59.19 NOT EXECUTED

25/06/14 GBP/INR JUNE SELL 102.09 101.94-101.79 102.30 NOT EXECUTED

25/06/14 GBP/INR JUNE BUY 102.49 102.64-102.79 102.28 NOT EXECUTED

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

25/06/14 NIFTY FUTURE BUY 7625 7675-7725 7575 NOT EXECUTED

25/06/14 HINDPETRO FUTURE SELL 415-420 435-450 405 CALL OPEN

25/06/14 PTC FUTURE BUY 90-92 95-98 87 NOT EXECUTED

25/06/14 PRAKASH IND CASH BUY 108 111-114 97 NOT EXECUTED

24/06/14 ARVND FUTURE BUY 218-220 224-228 214 BOOKED FULL

PROFIT

16/06/14 HINDUNILVR FUTURE BUY 635-640 655-675 610 CALL OPEN

16/06/14 DIVIS LAB FUTURE BUY 1340-1360 1400-1465 1290 CALL OPEN

10/06/14 POWER GRID FUTURE SELL 135 142-145 130 CALL OPEN


DAILY REPORT

26th JUNE 2014


NEXT WEEK'S U.S. ECONOMIC REPORTS

ECONOMIC CALENDAR

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Disclaimer

TIME (ET) REPORT PERIOD ACTUAL CONSENSUS

FORECAST PREVIOUS

MONDAY, JUNE 23

8:30 AM CHICAGO FED NATIONAL ACTIVITY INDEX MAY -- 0.19

9:45 AM MARKIT FLASH PMI JUNE -- 56.4

10 AM EXISTING HOME SALES MAY 4.70 MLN 4.65 MLN

TUESDAY, JUNE 24

9 AM CASE-SHILLER HOME PRICES APRIL --

9 AM FHFA HOME PRICES APRIL --

10 AM CONSUMER CONFIDENCE INDEX JUNE 83.3 83.0

10 AM NEW HOME SALES MAY 440,000 433,000

WEDNESDAY, JUNE 25

8:30 AM GDP REVISION 1Q -2.0% -1.0%

8:30 AM DURABLE GOODS ORDERS MAY -1.1% 0.6%

THURSDAY, JUNE 26

8:30 A.M. WEEKLY JOBLESS CLAIMS 6/21 N/A N/A

FRIDAY, JUNE 27

8:30 AM PERSONAL INCOME MAY 0.3% 0.3%

8:30 AM CONSUMER SPENDING MAY 0.4% -0.1%

9:55 AM CONSUMER SENTIMENT INDEX JUNE 82.0 81.2


Stock market special report by epic research 26th june 2014

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Transcript of Stock market special report by epic research 26th june 2014