Stock market special report by epic research 30th june 2014

DAILY REPORT

30th JUNE 2014

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Global markets at a glance

Europe's main stock indicator, the FTSEurofirst300 set-

tled at 1,371.28, flat on the day, but down 1.7 percent for

its first weekly loss in 10 weeks. The MSCI world stocks

gauge was at 428.10, up 0.2 percent on the day but down

0.3 percent on the week.

Asian shares were mostly in the red on Friday, weighed

down by a weak performance on Wall Street and doubts

about the strength of the U.S. economy, which pushed

bonds higher.

Wall Street Update

US stocks erased early losses to close up on Friday but

still finished the week lower on mixed economic data,

while European equities had their first weekly drop since

April on worries over Iraq and Ukraine. US Treasuries

yields eased at the end of a week of steady price gains for

government bonds, fueled by increasing worries that

economic growth in the world's No. 1 economy may be

slower than policymakers believe. The Dow Jones indus-

trial average rose 5.71 points, or 0.03 percent, to end at

16,851.84. The S&P 500 gained 3.74 points, or 0.19 per-

cent, to finish at 1,960.96. The Nasdaq Composite ad-

vanced 18.88 points, or 0.43 percent, to close at

4,397.93.

Previous day Roundup

The market ended first day of July series on a flat note.

The Sensex is up 37.25 points at 25099.92 and the Nifty is

up 15.60 points at 7508.80. About 1720 shares advanced,

1287 shares declined and 107 shares are unchanged. IT

stocks supported the indices with TCS and Wipro gaining

2-3 percent each. Sun Pharma, Cipla and Dr Reddy's Labs

were other gainers. BHEL, Hindalco, Bharti Airtel and

M&M were major losers.

Index stats

The Market was very volatile in last session. The sartorial

indices performed as follow; Consumer Durables [down

67.55pts], Capital Goods [down 57.63pts], PSU [down

43.39pts], FMCG [up 32.88pts], Realty [up 16.26pts],

Power [up 15.5pts], Auto [down 82.08pts], Healthcare

[up 272.33pts], IT [up 221.59Pts], Metals [down

170.01pts], TECK [up 91.28pts], Oil& Gas [up 7.9pts].

World Indices

Index Value % Change

D J l 16851.84 +0.03

S&P 500 1960.96 +0.19

NASDAQ 4397.93 +0.43

EURO STO 3227.85 -0.17

FTSE 100 6757.77 +0.34

Nikkei 225 15095 -1.39

Hong Kong 23221.52 +0.10

Top Gainers

Company CMP Change % Chg

TECHM 2131.00 83.8 +4.09

TCS 2400.10 92.45 +4.01

SUNPHARMA 659.70 24.55 +3.87

PPOWERGRID 137.05 4.50 +3.39

CIPLA 439.25 13.70 +3.22

Top Losers


MCDOWELL-N 2479.00 97.25 -3.77

ULTRACEMCO 2584.00 101.05 -3.76

BHEL 244.35 6.85 -2.73

HINDALCO 160.85 4.40 -2.66

M&M 1150.80 25.10 -2.13

Stocks at 52 Week’s high

Symbol Prev. Close Change %Chg

ARVIND 231.80 1.85 -0.79

ASIANPAINT 583.30 1.50 -0.26

BIOCON 524.75 4.45 +0.86

CENTURYTEX 583 13.85 +2.43

IGL 352.45 4.80 +1.38

Indian Indices


NIFTY 7508.80 +15.60 +0.21

SENSEX 25099.92 +37.25 +0.15

Stocks at 52 Week’s Low

Symbol Prev. Close Change %Chg

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DAILY REPORT

30th JUNE 2014


STOCK RECOMMENDATIONS [FUTURE]

1. HEXAWARE FUTURE

HEXAWARE FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 155 levels. We advise buying around 155-158 levels with strict stop loss 152 for the targets of 161-164 levels.

2. BHARAT FORGE FUTURE

BHARAT FORGE FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sus-tains above 600 levels. We advise buying around 605 – 610 levels with strict stop loss 590 for the targets of 620-630.

EQUITY CASH & FUTURE

STOCK RECOMMENDATION [CASH]

1. GATI

GATI trend-line breakout on daily chart. We advise selling around 112 level with strict stop loss 114 for the targets of 110-108

MACRO NEWS

Overseas investors sold Indian shares worth 6.01 billion rupees ($100.67 million) on Thursday, marking their big-gest single day of sales since March 10, provisional ex-change data showed.

The backdrop of government deferring a key gas price hike decision while a lagging monsoon and the newly-elected government's maiden budget on July 10 can add uncertainty in the market.

India's infrastructure output data for May, due on Mon-day, and manufacturing PMI on Tuesday would also be watched.

Ranbaxy received approval from the U.S. Food and Drug Administration to launch a cheaper copy of Novartis AG's blood pressure pill Diovan, bolstering its outlook.

A company owned by high net worth individual Radhak-ishan Damani, bought a stake in Century Textile in a block deal on Thursday.

Gail (India) Ltd ended lower after 14 people were killed and 20 injured on Friday in a blast and fire at a gas pipe-line in Andhra Pradesh, again raising safety concerns over the country's energy projects.


DAILY REPORT

30th JUNE 2014


FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts

)

Open

Interest

NIFTY PE 7,400 94.1 1,09,434 25,34,350

NIFTY PE 7,300 64.8 97,062 28,71,250

BANKNIFTY PE 7,500 132.7 85,972 26,31,000

BANKNIFTY PE 15,000 412 8,200 2,65,100

RELIANCE PE 1,000 22.05 1,312 3,03,500

TCS PE 2,300 43 983 46,625

MCDOWELL-N PE 2,300 53.3 909 1,13,000

SBIN PE 2,600 70 667 1,72,625

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 7,700 87 1,27,223 27,16,050

NIFTY CE 8,000 20.4 1,01,588 50,42,450

BANKNIFTY CE 7,600 130 99,691 30,20,300

BANKNIFTY CE 16,000 175 7,890 1,59,200

TCS CE 2,400 90 2,660 87,875

TCS CE 2,500 49.45 2,072 1,07,625

RELIANCE CE 1,100 10.25 1,783 8,49,000

INFY CE 3,300 100 1,677 1,73,000

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 24774 935.56 25059 945.71 296478 11185.22 -10.15

INDEX OPTIONS 194106 7258.38 164540 6239.11 1076163 40401.06 1019.27

STOCK FUTURES 63681 2356.45 85467 3252.82 1469018 54110.58 -896.37

STOCK OPTIONS 27342 1049.64 26824 1041.19 27076 1004.81 8.45

TOTAL 121.20

INDICES R2 R1 PIVOT S1 S2

NIFTY 7,566.40 7,537.60 7,509.95 7,481.15 7,453.50

BANK NIFTY 15,189.08 15,090.72 15,018.78 14,920.42 14,848.48

STOCKS IN NEWS

Morgan Stanley upgraded the stock to "overweight" from "equal-weight" and increased the price target to 400 rupees from 360 rupees.

Sun Pharma & Ranbaxy jumped on U.S. regulator's ap-proval for a key drug & IT stocks gained after rival Ac-centure Plc reported robust quarterly revenues.

ONGC to invest Rs 5,700 crore in Mumbai High North development.

L&T Finance Holdings to seek shareholder nod for Rs 1,000 crore NCD issue on July 24

NIFTY FUTURE

Nifty Future closed flat in the last trading session. We advise selling around7500levels with strict stop loss of 7550 for the targets of 7450-7400


DAILY REPORT

30th JUNE 2014


COMMODITY MCX

RECOMMENDATIONS

GOLD

TRADING STRATEGY:

BUY GOLD ABOVE 27800 TGT 27900,28150 SL BELOW 27700

SELL GOLD BELOW 27600 TGT 27500,27350 SL ABOVE 27720

SILVER

TRADING STRATEGY:

BUY SILVER ABOVE 44850 TGT 45050,45350 SL BELOW 44600

SELL SILVER BELOW 44400 TGT 44250,43900 SL ABOVE 44750

COMMODITY ROUNDUP

The union government is expected to cut 2% import duty in

gold in the forthcoming budget, as local jewellers run out of

inventors. The current account deficit is to widen to 2.6% of

GDP in FY15 from 1.7% in FY14 especially as latent demand

could lead to a spike in gold import demand. The March

quarter current account deficit came in at $1.3 billion. The

net gold imports will increase to $40 billion or 2% of GDP in

FY15 from $28.8 billion or 1.5% this past fiscal year. On our

part, we never took the shrinkage in the current account

deficit from 4.7% of GDP that seriously as it was achieved

by these unsustainable curbs in gold imports. The RBI needs

to raise forex reserves to stabilize Indian rupee expecta-

tions. At the same time, sovereign wealth funds have not

used up their on-tap $10bn limit.

Gold had a fourth straight weekly gain to above USD 1,316

an ounce, as geopolitical unrest in Iraq and Ukraine boosted

the precious metal's appeal and soft US data weakened the

dollar. Brent crude oil settled at USD 113.30 a barrel, up 0.1

percent on the day but down 1.4 percent on the week for

its worst week in a month as fighting in Iraq stayed away

from the country's south, where most of its oil is produced.

Gold prices rose by 0.43% to Rs 27,785 per 10 grams as

speculators created fresh positions taking positive cues

from overseas markets. At the MCX, gold for delivery in Au-

gust moved up by Rs 118, or 0.43%, to Rs 27,785 per 10

grams, with a business turnover of 677 lots. The metal for

delivery in far-month October rose by a similar margin to

trade at Rs 27,860 per ten grams, with a trade volume of 33

lots. Increased positions built-up by speculators after the

precious metal rallied to a two-week high in global markets

as investors assessed the outlook for US borrowing costs,

influenced gold futures here. Globally, gold in Singapore

added 0.20% to $1,319.52 an ounce.

Zinc futures were marginally down by 0.27 per cent to Rs

131.15 per kg on Friday amidst profit-booking by specula-

tors and subdued spot demand. At the Multi Commodity

Exchange, zinc for delivery in June traded lower by 35 paise,

or 0.27 per cent to Rs 131.15 per kg in business turnover of

291 lots. July zinc shed 30 paise, or 0.23 per cent to Rs

131.80 per kg in 58 lots. Besides profit-booking, subdued

demand from consuming industries in the spot market kept

pressure on zinc prices at futures trade.


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

DAILY REPORT

30th JUNE 2014


RECOMMENDATIONS

DHANIYA

BUY DHANIYA JUL ABOVE 10790 TGTS 10820,10870 SL

10740

SELL DHANIYA JUL BELOW 10745 TGTS 10715,10665 SL

10795

GUARSEED

BUY GUARSEED JUL ABOVE 5850 TGTS 5880,5930 SL 5800

SELL GUARSEED JUL BELOW 5780 TGTS 5760,5710 SL 5830

NCDEX

NCDEX INDICES

Index Value % Change

Castor Seed 4434 2.50

Chana 2819 1.18

Coriander 10480 2.67

Cotton Seed Oilcake 1636 2.51

Guarseed 5385 3.96

Jeera 11355 3.98

Mustard seed 3540 0.77

Soy Bean 3998 -0.05

Sugar M Grade 3099 1.81

Turmeric 6640 3.98

NCDEX ROUNDUP

Till Thursday, the country had received 41% less June rain-

fall than normal Even as southwest monsoon continued to

remain sluggish over many parts of central and western In-

dia, month of June has been the driest in India in a decade.

Ram Vilas Paswan, the Union food minister, had reiterated

on Thursday that the government would not allow prices of

agri commodities to move up abnormally and spur inflation.

The third advanced estimates presented by the ministry of

agriculture in May showed rice production at 106.29 million

tonnes in 2013-14, as against the final estimate of 105.24

mt for the previous year. Maize production is estimated at

24.19 mt in 2013-14, compared with 22.26 mt earlier. The

output of ragi, a fully kharif crop, is expected to be 1.88 mt

in 2013-14, compared with 1.57 mt the previous year.

Fruit exports from Karnataka have touched Rs 488 crore

during 2013-14. The state exported 238 tonnes of fruits in-

cluding mango, grape, sapota, pineapple and banana,

pomegranate among others.

As per the government order dated May 26, 2014 and June

12, 2014 as per the NDRF / SDRF norms, Rs 326.50 crore

compensation amount has been released to the district

commissioners concerned by the Revenue Department


DAILY REPORT

30th JUNE 2014


EUR/INR

SELL EUR/INR BELOW 82.16 TGTS 82.01, 81.86 SL 82.37.

BUY EUR/INR ABOVE 82.36 TGTS 82.51, 82.66 SL 82.15.

JPY/INR

BUY JPY/INR ABOVE 59.71 TGTS 59.86, 60.01 SL 59.50.

SELL JPY/INR BELOW 59.33 TGTS 59.18, 59.03 SL 59.54.

CURRENCY ROUNDUP

The Indian rupee snapped a four-week falling streak while

also gaining slightly on the day as continued foreign fund

inflows into debt and equity markets helped offset demand

for the greenback from importers.

The rupee has been trading in a tight range in recent ses-

sions and is expected to continue to do so until the federal

budget on July 10. There was good demand from importers,

particularly oil firms, to meet month-end import commit-

ments, preventing the rupee from rising sharply.

The partially convertible rupee closed at 60.0850/0950 per

dollar compared with 60.14/15 on Thursday. The unit

moved in a tight range of 60.0650 to 60.15 during the ses-

sion. The unit gained 0.17 percent on the week, snapping a

four-week falling streak. In the offshore non-deliverable

forwards, the one-month contract was at 60.41, while the

three-month was at 61.

The dollar was little changed against the other major cur-

rencies on Friday, as markets eyed the release of U.S. con-

sumer sentiment data, while Thursday's spending report

added to expectations that the Federal Reserve will keep

rates on hold for longer. The dollar was steady against the

euro, with EUR/USD up 0.07% to 1.3621.

The dollar remained under pressure after data on Thursday

showed that U.S. personal spending rose 0.2% last month,

below expectations for an increase of 0.4%. Personal spend-

ing for April was revised to a flat reading from a previously

reported decline of 0.1%.

At the same time, the U.S. Department of Labor showing

that the number of individuals filing for initial jobless bene-

fits in the week ending June 21 declined by 2,000 to 312,000

from the previous week's revised total of 314,000.

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 60.058 Yen-100 59.2700

Euro 81.8820 GBP 102.3972


DAILY REPORT

30th JUNE 2014


CALL REPORT

PERFORMANCE UPDATES

Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

27/06/14 MCX GOLD AUG. BUY 27750 27830-27930 27650 SL TRIGGERED

27/06/14 MCX GOLD AUG. SELL 27620 27540-27440 27720 SL TRIGGERED

27/06/14 MCX SILVER JULY BUY 44850 45050-45350 44600 NOT EXECUTED

27/06/14 MCX SILVER JULY SELL 44470 44270-43970 44770 SL TRIGGERED

27/06/14 NCDEX GUARSEED JULY BUY 5680 5710-5760 5630 BOOKED FULL

PROFIT

27/06/14 NCDEX GUARSEED JULY SELL 5550 5520-5470 5600 NOT EXECUTED

27/06/14 NCDEX DHANIYA JULY BUY 10630 10660-10710 10580 BOOKED FULL

PROFIT

27/06/14 NCDEX DHANIYA JULY SELL 10500 10470-10420 10550 NOT EXECUTED

27/06/14 USD/INR JULY BUY 60.64 60.79-60.94 60.43 NOT EXECUTED

27/06/14 USD/INR JULY SELL 60.36 60.21-60.06 60.57 NOT EXECUTED

27/06/14 GBP/INR JULY SELL 102.78 102.63-102.48 102.99 NOT EXECUTED

27/06/14 GBP/INR JULY BUY 103.08 103.23-103.38 102.87 NOT EXECUTED

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

27/06/14 NIFTY FUTURE SELL 7500 7450-7400 7550 NOT EXECUTED

27/06/14 ARVIND FUTURE BUY 229-230 234-238 225 NOT EXECUTED

27/06/14 BIOCON FUTURE BUY 515-520 530-545 500 CALL OPEN

27/06/14 SONATASOFT CASH SELL 73 71.5-70 75.50 NOT EXECUTED

26/06/14 IRB FUTURE BUY 225-228 234-238 221 CALL OPEN

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

30th 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 30

9:45 am Chicago PMI June 64.7 65.5

10 am Pending home sales May -- 0.4%

TUESDAY, JULY 01

9:45 am Markit PMI June -- 57.5

10 am ISM June 55.7% 55.4%

10 am Construction spending May 0.5% 0.2%

TBA Motor vehicle sales June 16.5 mln 16.8 mln

WEDNESDAY, JULY 02

8:15 am ADP employment June -- 179,000

10 am Factory orders May 0.3% 0.7%

THURSDAY, JULY 03

8:30 am Weekly jobless claims 6/28 N/A N/A

8:30 am Nonfarm payrolls June 220,000 217,000

8:30 am Unemployment rate June 6.3% 6.3%

8:30 am Trade balance May -$45.0 bln -$47.2 bln

10 am ISM nonmanufacturing June 56.5% 56.3%

FRIDAY, JULY 04

Independence Day None scheduled


Stock market special report by epic research 30th june 2014

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