Stock market special report by epic research 30th july 2014
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Transcript of Stock market special report by epic research 30th july 2014
DAILY REPORT
30th JULY 2014
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance
European equities climbed on Tuesday, with strong
earnings reports from companies such as engineer GKN
and retailer Next outpacing the threat to the region's
economy from further sanctions against Russia. The
FTSEurofirst 300 index of top European shares closed
0.3 percent higher at 1,373.40 points.
MSCI's broadest index of Asia-Pacific shares outside
Japan MIAPJ0000PUS was slightly lower in early trade,
while Japan's Nikkei stock average edged down about
0.1%. Data released early on Wednesday showed Ja-
pan's industrial output fell 3.3% in June as companies
curbed production due to a pile-up in inventories, but
manufacturers expect output to rise in the coming
months.
Wall Streat Update
U.S. stocks fell on Tuesday, dropping in a broad selloff
as a weak outlook from courier company UPS weighed
on sentiment and pressured transportation stocks. U.S.
stocks fell on Tuesday, dropping in a broad selloff as a
weak outlook from courier company UPS weighed on
sentiment and pressured transportation stocks.
The Dow Jones industrial average fell 70.16 points, or
0.41 percent, to 16,912.43, the S&P 500 .SPX lost 8.93
points, or 0.45 percent, to 1,969.98, and the Nasdaq
Composite dropped 2.21 points, or 0.05 percent, to
4,442.70.
Previous day Roundup
The market fell for the second consecutive session on
Monday with the Sensex falling 135.52pts to 25991.23
and Nifty shedding 41.75pts to 7748.70. About 1194
shares have advanced, 1656 shares declined, and 120
shares are unchanged. Indian Markets were closed on
the occasion of Eid.
Index stats
The Market was very volatile in last session. The sarto-
rial indices performed as follow; Consumer Durables
[up 48.26pts], Capital Goods [down 102.63pts], PSU [up
86.78pts], FMCG [up 26.91pts], Auto [down 121.36pts],
Healthcare [up 19.28pts], IT [up 36.39Pts], Metals
[down 199.25 pts], TECK [up 9.93pts], Oil& Gas [down
139.35pts], Power [down 3.55pts], Realty [down
51.84pts].
World Indices
Index Value % Change
D J l 16912.11 -0.42
S&P 500 1969.95 -0.45
NASDAQ 4442.70 -0.05
EURO STO 3190.54 +0.60
FTSE 100 6807.75 +0.29
Nikkei 225 15657.63 +0.25
Hong Kong 24826.78 +0.76
Top Gainers
Company CMP Change % Chg
HINDUNILVR 686.00 22.25 3.35
HCLTECH 1,611.50 29.15 1.84
PNB 940.00 16.30 1.76
CAIRN 314.00 5.30 1.72
SUNPHARMA 792.25 10.05 1.28
Top Losers
Company CMP Change % Chg
DLF 194.05 10.70 -5.23
COALINDIA 365.00 12.00 -3.18
ULTRACEMCO 2,397.00 78.50 -3.17
BPCL 576.00 15.55 -2.63
AMBUJACEM 206.35 5.55 -2.62
Stocks at 52 Week’s high
Symbol Prev. Close Change %Chg
ASIAN PAINT 635.20 2.20 -0.35
DABUR 198.00 1.60 -0.80
GLENMARK 659.00 22.70 3.57
HCLTECH 1611.50 29.15 +1.84
LUPIN 1117.00 12.90 -1.14
Indian Indices
Company CMP Change % Chg
NIFTY 7748.70 -41.75 -0.54
SENSEX 25991.23 -135.52 -0.52
Stocks at 52 Week’s Low
Symbol Prev. Close Change %Chg
DAILY REPORT
30th JULY 2014
YOUR MINTVISORY Call us at +91-731-6642300
STOCK RECOMMENDATIONS [FUTURE]
1. HIN UNILEVER FUTURE
HIND UNILEVER FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sus-tains above 690 levels. We advise buying around 680-690 levels with strict stop loss of 665 for the targets of 700-710.
2. DLF FUTURE
DLF FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it sustains below 196 levels. We advise selling around 196-198 levels with strict stop loss of 202 for the targets of 192-185 levels.
EQUITY CASH & FUTURE
STOCK RECOMMENDATION [CASH]
1. CENTURY PLY
CENTURY PLY week on daily chart. We advise selling around 81 level with strict stop loss 82.50 for the targets of 79.50-78.
MACRO NEWS
HUL surpassed street expectations on every parameter
with Q1 (April-June) net profit growing 3.7% YOY at Rs
1,056.9cr driven by strong revenue and operating per-
formance. Profit in year-ago period was Rs 1,019.3cr.
Dabur India's Q1FY15 consolidated net profit increased
to Rs 211cr from Rs 186cr and total income from opera-
tions rose to Rs 1,869cr from Rs 1,652cr.
Reliance Power to buy Jaiprakash's hydropower business.
FII can still buy around USD 135 billion of stocks in the
wide-based benchmark index Nifty.
Meeting Street expectations, tobacco-to-hospitality ma-
jor ITC has reported net profit of Rs 2,186.4cr in June
quarter - a growth of 15.6% compared to Rs 1,891.3cr in
the year-ago period. Net sales grew 25 per cent to Rs
9,164.4cr against Rs 7,338.5cr in June 2013. The more-
than-expected net sales were aided by good perform-
ance by the agri, paper and cigarette segments.
The U.S. central bank is expected to cut its monthly bond
-buying program by another $10 billion.
DAILY REPORT
30th 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 13.45 6,87,847 64,91,400
NIFTY PE 7,800 66.95 5,12,341 33,33,500
NIFTY PE 7,600 2.4 2,45,474 49,23,950
BANKNIFTY PE 15,000 20.7 44,581 6,41,200
SBIN PE 2,500 22 4,852 2,36,500
RELIANCE PE 1,000 6.55 2,568 5,90,500
LT PE 1,600 10.5 2,505 4,33,000
INFY PE 3,300 11.4 2,217 1,72,625
MOST ACTIVE CALL OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 7,800 10.6 8,29,053 67,26,450
NIFTY CE 7,700 50.1 4,02,207 49,39,850
NIFTY CE 7,900 1.6 3,44,662 52,13,850
BANKNIFTY CE 15,500 18.95 65,682 5,56,900
SBIN CE 1,020 4 6,341 10,90,250
RELIANCE CE 2,600 15.5 5,366 1,61,125
TCS CE 2,500 18 4,774 1,82,375
AXISBANK CE 3,400 14 3,980 4,30,625
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 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 7,834.33 7,791.52 7,757.08 7,714.27 7,679.83
BANK NIFTY 15,501.22 15,356.68 15,259.37 15,114.83 15,017.52
STOCKS IN NEWS
Results Today: Dr Reddy's Labs , Lupin , Karnataka Bank , IRB Infrastructure , Mphasis , Cadila Health-care , Bank of India , CESC , Bharat Forge , IIFL, Con-tainer Corporation, Torrent Pharma, Amtek Auto,
JLR announces price cut for 3 models sold in China.
L&T Q1 net up 110%, sales up 10% to Rs 18975 cr.
Alembic Pharma Q1 net jumps 39%, global generic biz up 33%.
Bank of Baroda Q1 profit beats forecast, up 17%; NPA rises.
NIFTY FUTURE
Nifty Future closed downside in the last trading session. We advise selling around 7700 level with strict stop loss of 7750 for the targets of 7650-7600
DAILY REPORT
30th JULY 2014
YOUR MINTVISORY Call us at +91-731-6642300
COMMODITY MCX
RECOMMENDATIONS
SILVER
TRADING STRATEGY:
BUY SILVER SEP ABOVE 44650 TGTS 44850,45150 SL 44350
SELL SILVER SEP BELOW 43920 TGTS 43720,43420 SL 44220
GOLD
TRADING STRATEGY:
BUY GOLD AUG ABOVE 28050 TGTS 28130,28230 SL 27950
SELL GOLD AUG BELOW 27820 TGTS 27740,27640 SL 27920
COMMODITY ROUNDUP
Precious gold snapped a four-day downtrend and re-
bounded smartly at the bullion market yesterday on fresh
bouts of buying from jewellery stockists as well as specula-
tive investment off-take supported by buoyant overseas
cues. Standard gold (99.5 purity) climbed by Rs 180 to end
at Rs 27,900 per 10 grams against Friday's Rs 27,720. Pure
gold also rose by a similar margin to conclude at Rs 28,050
per 10 grams from Rs 27,870.
Indian setback helping global iron ore miners. India could
end up importing up to 15 million tonnes (mt) of ore this
financial year, with JSW Steel alone bringing in six mt of for-
eign origin mineral, equaling 20 per cent of its annual re-
quirement of 30 mt.
Silver prices recovered by 0.46% to Rs 44,483 per kg in fu-
tures trading yesterday as speculators enlarged positions
even as the metal weakened in global markets. At the MCX,
silver for delivery in September rose by Rs 202, or 0.46%, to
Rs 44,483 per kg in business turnover of 541 lots. Likewise,
the white metal for delivery in far-month December traded
higher by Rs 141, or 0.29%, to Rs 45,200 per kg in 7 lots.
Speculative positions built up by participants helped silver
futures trade to trade higher but a weak trend in bullion
limited the gains. Meanwhile, silver traded 0.50% lower at
USD 20.63 an ounce in Singapore. Globally, the shiny metal
retraced the psychologically significant $1,300 an ounce
price on bargain hunting despite positive economic data
and stronger dollar value.
Supported by rising demand from alloy-makers and firming
trend overseas, nickel prices moved up by 0.15% to Rs
1,150.30 per kg in futures trading yesterday as speculators
enlarged positions. At the MCX, nickel for delivery in July
rose by Rs 1.70, or 0.15%, to Rs 1,150.30 per kg in business
turnover of 335 lots. The metal for delivery in August con-
tract edged up by Rs 1.30, or 0.11%, to Rs 1,154 per kg in 22
lots. The rise in nickel futures to a firm trend at spot market
on increased demand from alloy-makers and metal's
strength at the London Metal Exchange, capped the gains.
DAILY REPORT
30th JULY 2014
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
DHANIYA
BUY DHANIYA AUG ABOVE 11910 TGTS 11940,11990 SL
11860
SELL DHANIYA AUG BELOW 11840 TGTS 11810,11760 SL
11890
GUARSEED
BUY GUARSEED AUG BELOW 5450 TGTS 5480,5530 SL 5400
SELL GUARSEED AUG BELOW 5415 TGTS 5385,5335 SL 5465
NCDEX
NCDEX INDICES
Index Value % Change
Castor Seed 4182 +0.70
Chana 2884 +0.98
Coriander 11884 -0.44
Cotton Seed Oilcake 1677 -1.06
Guarseed 5420 -3.99
Jeera 11405 -0.87
Mustard seed 3580 -0.86
Soy Bean 3667 -1.56
Sugar M Grade 3072 -0.26
Turmeric 6422 -1.92
NCDEX ROUNDUP
Cardamom prices fell 0.32% to Rs 928.30 per kg in futures
trade ON Monday as speculators booked profits at prevail-
ing levels amid subdued demand in the spot markets. Fur-
ther, ample stocks in the physical market following in-
creased arrivals from the major producing belts too influ-
enced cardamom prices. At MCX, cardamom for delivery in
August declined by Rs 3, or 0.32%, to Rs 928.30 per kg in
business turnover of 95 lots. Likewise, the spice for delivery
in the September contracts shed Rs 2, or 0.22%, to Rs 897
per kg with trading volume of 16 lots. Profit-booking by
speculators at prevailing higher levels and subdued demand
in the spot markets mainly kept pressure on the cardamom
prices at futures trade.
Crude palm oil prices were up by 0.44% to Rs 521.40 per 10
kg in futures market on Monday as speculators enlarged
their positions amidst rising demand in the spot markets. At
the MCX, crude palm oil for delivery in August moved up by
Rs 2.30, or 0.44%, to Rs 521.40 per 10 kg in business turn-
over of 49 lots. Similarly, the oil for delivery in July edged up
by Rs 1.40, or 0.26%, to Rs 538.50 per 10 kg in 34 lots. Fresh
positions created by speculators following rising demand in
the spot markets, mainly influenced crude palm oil prices at
futures trade
DAILY REPORT
30th JULY 2014
YOUR MINTVISORY Call us at +91-731-6642300
EUR/INR
BUY EUR-INR ABOVE 80.90 TG 81.10,81.40 SL 80.60
SELL EUR-INR BELOW 80.66 TG 80.44,80.14 SL 80.96
USD/INR
BUY USD-INR ABOVE 60.13 TG 60.33,60.66 SL 59.83
SELL USD-INR BELOW 59.90 TG 59.70,59.40 SL 60.20
CURRENCY ROUNDUP
The Indian rupee closed marginally weaker on Monday,
marking another sluggish session as dollar demand from importers to meet month-end commitments was offset by greenback sales from custodian banks. The partially con-vertible rupee closed at 60.1250/1350 per dollar, compared with 60.1025/1125 on Friday. The local currency market will remain closed on Tuesday on account of a national holiday.
The rupee has remained supported as foreign portfolio in-vestors have invested $5.18 billion in local shares and debt so far in July.
Against the yen, the dollar was steady on the day at 102.09 after it broke above the 102 level on Tuesday for the first time since early July. The dollar index, which tracks the U.S. unit against a basket of six major rivals, was last at 80.206, after touching a six-month high of 81.245 on Tuesday as the euro cratered. U.S. crude was steady on the day at $100.98 a barrel after touching an intraday low of $100.37 on Tues-day, its lowest since mid-July.
The U.S. dollar hovered at a six-month peak against a basket of major currencies early on Wednesday, having pushed higher as investors continued to give the euro a wide berth.
Traders said there was no fundamental reason for the broad strength in the greenback but suggested month-end repa-triation by U.S. corporates may have helped.
Dollar bulls are also holding out hope that U.S. second quar-ter gross domestic product will show the economy has re-bounded from a very soft patch and that the Federal Re-serve will provide some hints on when it will raise interest rates.
The dollar index was last at 80.208 DXY, having risen 0.2 percent on Tuesday, a modest move but a vast improve-ment from Monday's flat performance. It climbed as far as 81.245, a high last seen in early February and is back in the 81.000/81.482 band that had capped it over the past nine months.
CURRENCY
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 60.1830 Yen-100 59.3400
Euro 81.0305 GBP 102.6842
DAILY REPORT
30th JULY 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
28/07/14 MCX GOLD AUG. BUY 28020 28100-28200 27920 NO PROFIT NO
LOSS
28/07/14 MCX GOLD AUG. SELL 27850 27720-27620 27950 NOT EXECUTED
28/07/14 MCX SILVER SEP. BUY 44350 44550-44850 44050 BOOKED PROFIT
28/07/14 MCX SILVER SEP. SELL 44100 43900-43600 44400 NOT EXECUTED
28/07/14 NCDEX GUARSEED AUG. BUY 5670 5700-5750 5620 NO PROFIT NO
LOSS
28/07/14 NCDEX GUARSEED AUG. SELL 5590 5560-5510 5640 BOOKED FULL
PROFIT
28/07/14 NCDEX DHANIYA AUG. BUY 11980 12010-12060 11940 BOOKED PROFIT
28/07/14 NCDEX DHANIYA AUG. SELL 11845 11815-11765 11895 SL TRIGGERED
28/07/14 GBP/INR JULY BUY 102.28 102.48-102.78 101.98 NOT EXECUTED
28/07/14 GBP/INR JULY SELL 101.93 101.73-101.43 102.17 NO PROFIT NO
LOSS
28/07/14 EUR/INR JULY SELL 80.86 80.66-80.46 80.96 NO PROFIT NO
LOSS
28/07/14 EUR/INR JULY BUY 81.22 81.44-81.74 80.92 NOT EXECUTED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
23/07/14 NIFTY FUTURE BUY 7780 7830-7880 7730 CALL OPEN
23/07/14 BIOCON FUTURE BUY 515-520 535-545 500 CALL OPEN
23/07/14 RELIANCE FUTURE BUY 1020-1030 1050-1070 1000 CALL OPEN
23/07/14 RAYMOND CASH SELL 430 422-414 435 CALL OPEN
22/07/14 CENTURY TEXTILE FUTURE BUY 630 645-650 645 BOOKED PROFIT
22/07/14 CANRA BANK FUTURE BUY 405 390-380 425 CALL OPEN
21/07/14 NIFTY FUTURE BUY 7700 7750-7800 7650 BOOKED PROFIT
21/07/14 KTK BANK FUTURE BUY 135-137 140-145 130 CALL OPEN
17/07/14 SSLT FUTURE BUY 297-300 308-315 292 CALL OPEN
DAILY REPORT
30th JULY 2014
YOUR MINTVISORY Call us at +91-731-6642300
NEXT WEEK'S U.S. ECONOMIC REPORTS
ECONOMIC CALENDAR
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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