Stock market special report by epic research 3rd july 2014

DAILY REPORT

03rd JULY 2014

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Global markets at a glance

Asian stocks hovered at a three-year high and the dollar rose early on Thursday after robust jobs data fuelled hopes that the U.S. nonfarm payrolls report would point to momentum building in the economy. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS stood little changed at 499.88, within a short distance of a three-year peak of 500.26 reached the previous day. Tokyo's Nikkei .N225 gained 0.4 percent, buoyed by the weaker yen.

Wall Street Update

US stocks ended one of their flattest sessions in years on Wednesday as a positive read on private sector employ-ment wasn't enough to interest buyers ahead of the highly anticipated June payrolls report. The Dow ended 0.2 percent below 17,000, moving within 15 points of that milestone at its session high, while the S&P 500 was less than 1.5 percent under its own landmark of 2,000. Both levels could serve as psychological barriers as the market trades at record highs.

Previous day Roundup

Markets ended at fresh record highs on Wednesday as institutional investors bought stocks across the board on hopes that the Finance Minister would announce reforms to boost the economy. Finance Minister on Tuesday hinted at taking bold measures by discarding populism to curtail wasteful expenditure and making "reasonable" tax policies for reviving economic growth.

The S&P BSE Sensex gained 325 points or 1.2% at 25841.21 while CNX Nifty surged 90 points or 1.1% at 7725.15. Investors also cheered strong dollar inflow by foreign portfolio investors (FPIs) that has helped the ru-pee gain along with positive global cues and advancing monsoon. Moreover, broader markets also edged higher as BSE Mid-cap index ended higher by nearly 0.8% and BSE Small-cap index surged over 1%. The market breadth on the BSE ended firm as 1,908 shares advanced and 1,156 shares declined.

Index stats

The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 117.61pts], Capital Goods [up 274.45pts], PSU [up 105.53pts], FMCG [up 74.73pts], Realty [up 8.20pts], Power [up 44.86pts], Auto [up 223.38pts], Healthcare [up 214.49pts], IT [up 4.53 Pts], Metals [up 268.48pts], TECK [up 9.41pts], Oil& Gas [up 108.2pts].

World Indices

Index Value % Change

D J l 16976.24 +0.12

S&P 500 1974.62 +0.07

NASDAQ 4457.73 -0.02

EURO STO 3252.25 -0.20

FTSE 100 6816.37 +0.20

Nikkei 225 15364.48 -0.04

Hong Kong 23578.04 +0.12

Top Gainers

Company CMP Change % Chg

SSLT 309.95 13.75 +4.64

NTPC 159.60 5.00 +3.23

BHEL 259.70 7.25 +2.87

LUPIN 1078.00 28.45 +2.71

COLAINDIA 394.00 9.55 +2.48

Top Losers


HCLTECH 1480.15 17.40 -1.16

INFY 3204.85 16.20 -0.50

PNB 991.85 4.65 -0.47

GAIL 458.8 2.00 -0.43

TECHM 2105.8 3.10 -0.15

Stocks at 52 Week’s high

Symbol Prev. Close Change %Chg

ADANI PORTS 270.25 26.05 +10.67

BAJAJ-AUTO 2354.05 19.35 +0.83

CENTURY TEX 618 8.00 +1.31

COLPAL 1617.25 86.8 +5.67

EXIDEIND 158.5 8.80 +5.88

Indian Indices


NIFTY 7710.30 +75.60 +0.99

SENSEX 25786.60 +270.25 +1.06

Stocks at 52 Week’s Low

Symbol Prev. Close Change %Chg

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DAILY REPORT

03rd JULY 2014


STOCK RECOMMENDATIONS [FUTURE]

1. COAL INDIA FUTURE

BUY COAL INDIA ABOVE 397 TGT 402-407 SL 392

2. SUNPHARMA FUTURE

BUY SUN PHARMA ABOVE 700 TGT 708-716 SL 690

EQUITY CASH & FUTURE

STOCK RECOMMENDATION [CASH]

1. MAHALIFE

MAHALIFE strong on daily chart. We advise buying around

565 level with strict stop loss 560 for the targets of 570-580

MACRO NEWS

Banks sell hotel Leela & Bharati Shipyard debt to ARCs.

JSW Group is eyeing the power assets of diversified infra-

structure conglomerate Jaypee Group, reinforcing the

growing trend that mergers and acquisitions (M&A) will

drive the beleaguered power sector. The $11-billion

Mumbai-based group has been in discussions to buy the

Manoj Gaur-led Jaypee's power interests as it seeks to

boost its fledgling energy business.

Bajaj Auto 's June sales declined 13 percent to 3.05 lakh

units over the previous month, as motorcycle sales fell

16.3 percent. 2.62 lakh motorcycles in June, compared to

3.13 lakh in May. The company's three wheeler sales rose

around 13 percent to 43263 units month-on-month, but

were not enough to offset the weakness in motorcycle

sales.

Diesel price may be deregulated over next 12 months:

Moody's.

Standard Chartered Bank, ICICI Prudential Life ink bancas-

surance partnership.

Government defers raising LPG, kerosene prices in some

states


DAILY REPORT

03rd JULY 2014


FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts

)

Open

Interest

NIFTY PE 7,600 88.5 1,54,625 26,37,850

NIFTY PE 7,500 60.8 1,43,105 41,64,500

BANKNIFTY PE 7,400 40.4 1,07,968 31,38,800

BANKNIFTY PE 15,000 227 8,186 3,35,425

MCDOWELL-N PE 2,400 37 2,853 2,07,750

RELIANCE PE 1,000 20.15 1,574 4,55,000

ICICIBANK PE 1,460 56.2 1,097 1,94,250

SBIN PE 2,700 95.55 933 2,03,625

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 8,000 50.4 2,09,073 67,84,250

NIFTY CE 7,900 81 1,57,499 29,64,650

NIFTY CE 7,800 123.85 1,48,626 36,77,750

BANKNIFTY CE 16,000 280.1 10,601 4,46,200

MCDOWELL-N CE 2,500 70 4,648 3,49,375

RELIANCE CE 1,040 26.45 4,156 6,54,500

TATAMOTORS CE 460 15.05 2,078 7,78,000

SBIN CE 2,800 77.9 2,050 1,60,500

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 53142 2056.99 38657 1496.01 317595 12315.47 560.98

INDEX OPTIONS 178669 6890.73 163120 6268.16 1268594 49007.22 622.56

STOCK FUTURES 84348 3231.82 83718 3155.68 1484988 56874.09 76.14

STOCK OPTIONS 28902 1126.64 29202 1145.51 66873 2570.90 -18.87

TOTAL 1240.81

INDICES R2 R1 PIVOT S1 S2

NIFTY 7,766.72 7,745.93 7,711.62 7,690.83 7,656.52

BANK NIFTY 15,579.28 15,534.82 15,534.82 15,474.83 15,370.38

STOCKS IN NEWS

Shriram Transport aims 8-10% asset growth in FY15'

RCom to raise Rs 5,000 cr by selling real estate

Jaiprakash Associates on Wednesday launched a share sale to institutional investors to raise up to $250mn.

State-owned Power Finance Corp has sent out request for quotations for a minimum Rs3bn (US$50.2m)multi-tranche bond sale.

GMR Infrastructure Ltd said today it is launching a share sale to institutional investors.

HDIL to sell commercial complex in Mumbai to cut debt.

NIFTY FUTURE

Nifty Future closed upside in the last trading session. We advise buying around 7760 levels with strict stop loss of 7710 for the targets of 7810-7860


DAILY REPORT

03rd JULY 2014


COMMODITY MCX

RECOMMENDATIONS

SILVER

TRADING STRATEGY:

BUY SILVER SEP ABOVE 45200 TGTS 45450,45650 SL 44900

SELL SILVER SEP BELOW 44800 TGTS 44600,44300 SL 45050

GOLD

TRADING STRATEGY:

BUY GOLD AUG ABOVE 27750 TGTS 27850,27980 SL 27650

SELL GOLD AUG BELOW 27500 TGTS 27400,27250 SL 27620

COMMODITY ROUNDUP

Nickel prices dropped 0.53 per cent to Rs 1,142.50 per kg in

futures trade today in tandem with a weakening trend at

the London Metal Exchange and sluggish demand from al-

loy-makers in the domestic spot market. At the Multi Com-

modity Exchange, nickel for delivery in July shed Rs 6.10, or

0.53 per cent, to Rs 1,142.50 per kg in a business turnover

of 979 lots. August nickel lost Rs 5.90, or 0.51 per cent, to

Rs 1,148 per kg in a turnover of 15 lots. The fall in nickel

prices at futures trade was mostly in tune with a weakening

trend in the base metals pack at the London Metal Ex-

change and subdued demand from alloy-makers at the do-

mestic spot markets.

Singapore Gold was little changed below a three-month

high on Thursday as investors awaited a string of key data

releases later in the day to gauge the strength of the global

economy and the fate of stimulus measures by central

banks. Spot gold was flat at $1,326.10 an ounce by 0033

GMT, not too far from a 3-month high of $1,332.10 hit ear-

lier in the week. COMEX gold and silver contracts show the

most active months.

Copper futures fell 0.25 per cent to Rs 432 per kg today as

speculators trimmed their positions amid a weak trend in

global markets. Besides, rising stockpiles of the metal,

monitored by the LME in Asia, also put pressure on prices.

At the MCX, copper for delivery in November declined by Rs

1.10, or 0.25 per cent, to Rs 432 per kg in a business turn-

over of five lots.

August copper fell by Re 1, or 0.22 per cent, to Rs 426.70

per kg in a business volume of 409 lots. A weak trend in

copper overseas where it retreated from a 16-week high as

some investors judged the recent rally was overdone,

mainly weighed on metal prices at futures trade here. Glob-

ally, copper for delivery in three-months traded 0.40 per

cent lower at USD 6,995 per tonne at the LME.

With sugar mills agreeing to give undertakings to the gov-

ernment to pay cane arrears, a mandatory clause to secure

incentives, the government is set to notify a package for the

revival of these mills.


DAILY REPORT

03rd JULY 2014


RECOMMENDATIONS

DHANIYA

BUY DHANIYA JUL ABOVE 11025 TGTS 1160,11090 SL 10990

SELL DHANIYA JUL BELOW 10940 TGTS 10900,10860 SL

10995

GUARSEED

BUY GUARSEED JUL ABOVE 5500 TGTS 5540,5580 SL 5470

SELL GUARSEED JUL BELOW 5450 TGTS 5410,5370 SL 5490

NCDEX

NCDEX INDICES

Index Value % Change

Castor Seed 4342 -2.05

Chana 2824 +0.89

Coriander 11005 +0.14

Cotton Seed Oilcake 1645 -1.44

Guarseed 5435 -2.95

Jeera 11140 -0.62

Mustard seed 3452 -0.46

Soy Bean 3950 -2.42

Sugar M Grade 3081 -0.39

Turmeric 6270 -3.83

NCDEX ROUNDUP

Cardamom prices fell 0.64 per cent to Rs 954 per kg in fu-

tures trade today after speculators reduced position on a

weak trend at spot markets. Besides, adequate stocks posi-

tion in the physical market on increased arrivals from pro-

ducing belts put pressure on cardamom prices. At the MCX,

cardamom for delivery in July traded lower by Rs 6.10, or

0.64 per cent, to Rs 954 per kg in a business turnover of 116

lots. The August contract shed Rs 4.50, or 0.48 per cent, to

Rs 923.50 per kg in 26 lots. Attributed the fall in cardamom

futures to subdued demand in the spot market against ade-

quate stocks position.

Sugar prices fell by 0.52% to Rs 3,077 per quintal in futures

trading yesterday as speculators indulged in booking profits

at prevailing levels. Besides, a steady trend at spot markets

following adequate stocks position on increased supplies

from mills also put pressure on sugar prices. At NCDEX

sugar for delivery in July declined by Rs 16, or 0.52% to Rs

3,077 per quintal with an open interest of 20,140 lots. Simi-

larly, the sweetener for delivery in August contract shed Rs

11, or 0.35% to Rs 3129 per quintal in 21,060 lots. Analysts

attributed the fall in sugar futures to profit- booking by

speculators amid adequate stocks in the spot markets on

increased supplies.


DAILY REPORT

03rd JULY 2014


EUR/INR

SELL EUR/INR BELOW 81.71 TGTS 81.56, 81.41 SL 81.92.

BUY EUR/INR ABOVE 82.25 TGTS 82.40, 82.55 SL 82.04.

USD/INR

SELL USD/INR BELOW 59.81 TGTS 59.66, 59.51 SL 60.02.

BUY USD/INR ABOVE 60.24 TGTS 60.39, 60.54 SL 60.03.

CURRENCY ROUNDUP

The Indian rupee posted on Wednesday its biggest single-

day gain since mid-May and rose to its highest level in

more than two weeks on the back of heavy dollar sales by

custodian banks along with some corporate dollar in-

flows. The partially convertible rupee closed at

59.6875/6975 per dollar compared with 60.07/08 on

Tuesday. The unit rose to 59.62, its strongest since June

13, while the day's low was 60.07.

The U.S. dollar clung onto modest gains early on Thurs-

day, having risen broadly on the back of a report that

showed solid hiring in the U.S. private sector.

Crude oil fell about $1 on Wednesday on encouraging

signs for supply from Libya and Iraq, notching the lowest

close in almost three weeks despite a big draw in U.S. oil

inventories. The movement in global crude, given the im-

pact on inflation and the current account deficit, will be

monitored. India imports nearly two-thirds of its oil

needs. Oil fell towards $111 a barrel, its lowest in almost

three weeks, on a possible substantial recovery in Libyan

exports after rebels said they would reopen two oil termi-

nals.

U.S. Treasuries yields rose on Wednesday after more ro-

bust than expected private-sector jobs data ratcheted up

expectations for a stronger U.S. nonfarm payrolls report

on Thursday. In the offshore non-deliverable forwards,

the one-month contract was at 59.90, while the three-

month was at 60.48.

The RBI said on Wednesday it accepted all 50 bids for

198.67 billion rupees ($3.31 bn) at its one-day repo auc-

tion, through which it injects liquidity into the banking

system. Indian banks' refinancing with RBI rises to 328.27

billion rupees. Indian banks' cash balances with RBI fall

marginally.

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 59.9745 Yen-100 59.0500

Euro 82.0220 GBP 102.8982


DAILY REPORT

03rd JULY 2014


CALL REPORT

PERFORMANCE UPDATES

Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

02/07/14 MCX GOLD AUG. BUY 27850 27900-27980 27730 NOT EXECUTED

02/07/14 MCX GOLD AUG. SELL 27640 27590-27490 27710 BOOKED PROFIT

02/07/14 MCX SILVER SEP. BUY 45250 45550-45790 45000 NOT EXECUTED

02/07/14 MCX SILVER SEP. SELL 44900 4472-44500 45100 BOOKED PROFIT

02/07/14 NCDEX GUARSEED JULY BUY 5635 5665-5705 5585 NOT EXECUTED

02/07/14 NCDEX GUARSEED JULY SELL 5570 5540-5490 5620 BOOKED PROFIT

02/07/14 NCDEX DHANIYA JULY BUY 10120 101500-10200 10070 SL TRIGGERED

02/07/14 NCDEX DHANIYA JULY SELL 10925 10895-10845 10975 BOOKED FULL

PROFIT

02/07/14 GBP/INR JULY BUY 103.58 103.73-103.88 103.37 NOT EXECUTED

02/07/14 GBP/INR JULY SELL 103.28 103.13-102.98 103.49 BOOKED FULL

PROFIT

02/07/14 USD/INR JULY SELL 60.29 60.14-59.99 60.50 BOOKED FULL

PROFIT

02/07/14 USD/INR JULY BUY 60.54 60.69-60.84 60.33 NOT EXECUTED

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

02/07/14 NIFTY FUTURE BUY 7680 7730-7780 7630 NOT EXECUTED

02/07/14 CENTURY TEXTILE FUTURE BUY 605-610 620-635 590 NOT EXECUTED

02/07/14 HIND UNILEVER FUTURE BUY 632-636 642-648 625 NOT EXECUTED

02/07/14 GATI CASH BUY 125 127.5-130 122.5 SL TRIGGERED

01/07/14 JSWENERGY FUTURE BUY 81-82 84-85 78 BOOKED FULL

PROFIT

01/07/14 IDFC FUTURE BUY 132-135 138-140 128 CALL OPEN

16/06/14 HINDUNILVR FUTURE BUY 635-640 655-675 610 NO PROFIT NO

LOSS


DAILY REPORT

03rd JULY 2014


NEXT WEEK'S U.S. ECONOMIC REPORTS

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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 3rd july 2014

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