Stock market special report by epic research 30th july 2014

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DAILY REPORT 30 th 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

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Transcript of Stock market special report by epic research 30th july 2014

Page 1: 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

Page 2: Stock market special report by epic research 30th july 2014

DAILY REPORT

30th JULY 2014

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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.

Page 3: Stock market special report by epic research 30th july 2014

DAILY REPORT

30th JULY 2014

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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

Page 4: Stock market special report by epic research 30th july 2014

DAILY REPORT

30th JULY 2014

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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.

Page 5: Stock market special report by epic research 30th july 2014

DAILY REPORT

30th JULY 2014

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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

Page 6: Stock market special report by epic research 30th july 2014

DAILY REPORT

30th JULY 2014

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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

Page 7: Stock market special report by epic research 30th july 2014

DAILY REPORT

30th JULY 2014

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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

Page 8: Stock market special report by epic research 30th july 2014

DAILY REPORT

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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