Stock market special report by epic research 5th june 2014

DAILY REPORT

05th JUNE 2014

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance

European shares held steady on Wednesday after data

confirmed a slowdown in the euro zone's economic recov-

ery in the first quarter. The FTSEurofirst 300 index of top

European shares closed flat at 1,374.75 points, hovering

below a 6-1/2-year high hit on Monday. Stocks in the euro

zone's more vulnerable economies have been rallying on

hopes of radical policy measures from the ECB to fend off

the risk of deflation. Milan's FTSE MIB index is up 14 per-

cent for the year-to-date and Madrid's IBEX up 9 percent.

Asian shares were steady on Wednesday and the dollar

benefited from rising U.S. Treasury yields, while the euro

remained under pressure ahead of expected easing steps

from theEuropean Central Bank.

Wall Street Update

US stocks edged up on Wednesday with the S&P 500 end-

ing at a new record as investors brushed off weaker-than-

expected labor market data and focused on an accelera-

tion in services-sector growth. The DJI average rose 15.19

points or 0.09 percent, to 16,737.53, the S&P 500 gained

3.64 points or 0.19 percent, to 1,927.88 and the Nasdaq

Composite added 17.56 points or 0.41 percent, to

4,251.64.

Previous day Roundup

The market fell marginally Wednesday on account of profit

booking but the outperformance of broader indices con-

tinued with the BSE Midcap and Smallcap indices gaining

close to 2 percent. The BSE Sensex declined 52.76 points

to close at 24805.83 while the NSE Nifty held 7400-mark

for the second consecutive session, down 13.60 points to

7402.25. Overall it was a consolidation day after the mar-

ket seeing record closing highs in previous session.

Index stats

The Market was very volatile in last session. The sartorial

indices performed as follow; Consumer Durables [down

64.61pts], Capital Goods [up 194.68pts], PSU [up

61.44pts], FMCG [down 15.55pts], Realty [up 30.74 pts],

Power [up 15.73pts], Auto [up 97.25pts], Healthcare [up

4.82pts], IT [down 107.59ts], Metals [up 154.27pts], TECK

[down 48.94pts], Oil& Gas [down 142.95pts].

World Indices

Index Value % Change

D J l 16737.53 +0.09

S&P 500 1927.88 +0.19

NASDAQ 4251.85 +0.41

EURO STO 3237.93 -0.10

FTSE 100 6818.63 -0.26

Nikkei 225 15087.42 +0.13

Hong Kong 23145.33 -0.03

Top Gainers

Company CMP Change % Chg

NMDC 189.90 9.10 +5.03

IDFC 136.10 5.20 +3.97

HINDALCO 159.45 4.25 +2.74

PNB 998.25 26.10 +2.68

HEROMOTOCO 2527.00 65.30 +2.65

Top Losers


HCLTECH 1313.85 34.45 -2.56

TCS 2088.00 40.60 -1.91

ONGC 409.00 7.75 -1.86

BHARTIARTL 353.70 6.50 -1.67

KOTAKBANK 858.60 14.60 -1.57

Stocks at 52 Week’s high

Symbol Prev. Close Change %Chg

ADANIPORTS 243.80 3.50 +1.46

AJANTPHARM 1198.40 68.05 +6.02

BHARATFORG 545.5 25.65 +4.93

CENTURYTEX 534.1 19.80 +3.85

ESSAROIL 97.15 1.65 +1.73

Indian Indices


NIFTY 7402.25 -13.60 -0.18

SENSEX 24805.83 -52.76 -0.21

Stocks at 52 Week’s Low

Symbol Prev. Close Change %Chg

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DAILY REPORT

05th JUNE 2014


STOCK RECOMMENDATIONS [FUTURE]

1. NMDC [FUTURE]

NMDC FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 190 levels. We advise buying around 190-191 levels with strict stop loss 187 for the targets of 194-198 levels.

2. BANK OF BARODA [FUTURE]

BANK OF BARODA FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sus-tains above 890 levels. We advise buying around 885-890 levels with strict stop loss 850 for the targets of 920-950.

EQUITY CASH & FUTURE

STOCK RECOMMENDATION [CASH]

1. AMTEK AUTO

AMTEK AUTO at 52 week high .We advise buying around

211 level with strict stop loss 208 for

the targets of 214-218

MACRO NEWS

Maruti Suzuki Committed to Rs 4,000 crore investment in

Gujarat. CM assured support to Maruti Suzuki, keen on

unit.

Idea Cellular -Set to raise Rs 3000–3750 crore by selling its

shares via QIP today.

Reliance Capital -Seeks shareholder nod to raise funds via

QIP.

IDFC plans share sale to bring down foreign holding.

SW Steel says to import 500,000 tonne iron ore in June/

July due to weak local supply and lower global prices.

United Spirits open offer starts tomorrow at a price of Rs

3030/share.

Jaiprakash Power promoter releases pledge on 22.51

crore shares yesterday.

TV18 Broadcast , Network18 and Infomedia open offer

opens of July 21, closes on August 4.

Infosys launches cloud-based product to help cut drug

development cost.

Strides Arcolab gets USFDA ok for Pramipexole Dihydro-

chloride tablets.


DAILY REPORT

05th JUNE 2014


FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts

)

Open

Interest

NIFTY PE 7,300 59.05 1,43,544 28,74,700

NIFTY PE 7,400 93.8 1,25,274 18,14,500

NIFTY PE 7,200 35.7 1,07,529 37,77,900

BANKNIFTY PE 14,000 45.3 8,844 2,66,675

SBIN PE 2,600 52.9 1,929 1,94,500

ICICIBANK PE 1,400 24 1,287 3,29,250

TATASTEEL PE 500 7.15 1,255 6,49,000

LT PE 1,600 28 968 2,04,250

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 7,500 64.4 2,21,624 58,66,400

NIFTY CE 7,600 33 1,48,093 38,82,200

NIFTY CE 7,400 111 1,33,591 39,07,900

BANKNIFTY CE 16,000 124 10,409 2,24,050

SBIN CE 2,700 88.7 4,009 3,78,875

IDFC CE 140 5.15 3,531 35,98,000

ICICIBANK CE 1,500 27 3,000 5,98,250

IBREALEST CE 110 5.75 2,976 18,64,000

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 18009 673.27 35373 1318.59 276161 10296.51 -645.32

INDEX OPTIONS 176868 6562.71 174899 6473.57 1351499 50091.14 89.14

STOCK FUTURES 93725 3551.60 75198 2762.90 1481496 54003.14 788.70

STOCK OPTIONS 42784 1670.94 44017 1714.66 64335 2395.33 -43.72

TOTAL 188.79

INDICES R2 R1 PIVOT S1 S2

NIFTY 7,450.92 7,426.58 7,408.97 7,384.63 7,367.02

BANK NIFTY 15,526.23 15,429.82 15,300.48 15,204.07 15,074.73

STOCKS IN NEWS

Cox & Kings had on Monday announced the sale of the camping business to French outdoor holiday operator for Rs 892 crore.

TVS' proposed West Bengal plant stalled by legal is-sues. Double digit growth in two-wheeler segment to stay.

JSW Steel Ltd to import iron ore as international prices fall.

Glenmark opens new manufacturing facility in Switzer-land

NIFTY FUTURE

Nifty Future closed flat in the last trading session. We

advise buying around 7440 levels with strict stop loss of 7400 for the targets of 7480-7520


DAILY REPORT

05th JUNE 2014


COMMODITY MCX

RECOMMENDATIONS

SILVER

TRADING STRATEGY:

BUY SILVER ABOVE 39950 TGT 40150,40450 SL BELOW 39650

SELL SILVER BELOW 39700 TGT 39500,39200 SL ABOVE 40000

GOLD

TRADING STRATEGY:

BUY GOLD ABOVE 25900 TGT 25980,26080 SL BELOW 26800

SELL GOLD BELOW 25800 TGT 25720,25620 SL ABOVE 26900

COMMODITY ROUNDUP

Snapping its losing streak, gold prices recovered by Rs 40

to Rs 27,240 per 10 grams in the national capital today on

emergence of buying at existing lower levels amid a better

trend in global markets. However, silver lacked necessary

follow-up support from industrial units and lost Rs 200 to

Rs 40,500 per kg. The recovery in gold prices to revival of

buying by jewellers and retail customers at prevailing lev-

els. Besides, a better trend in global markets also sup-

ported the upside. Gold in New York, which normally sets

price trend in the domestic markets, rose 0.11 per cent to

$1,244.90 an ounce in yesterday's trade.

Nickel prices moved down by 0.56% to Rs 1,124.40 per kg

in futures trade yesterday as speculators reduced their

positions, driven by weak demand from alloy makers in the

spot market. Besides, a lower global trend further damp-

ened the sentiment. At MCX, nickel for delivery in June

declined by Rs 6.30, or 0.56%, to Rs 1,124.40 per kg in a

business turnover of 118 lots. The July contract shed Rs

6.30, or 0.55%, to Rs 1,129.30 per kg in six lots. Specula-

tors reduced their positions on weak demand from alloy-

makers in the domestic spot market and a subdued trend

in base metals overseas on signs of slowing Chinese de-

mand. Meanwhile, nickel slid 1.1% to $18,870 a tonne on

LME.

After about two years, pricing power seems to have re-

turned to steel companies. Now, primary steel producers

are preparing to raise prices for this month. Some steel

producers have already raised prices due to expectations

of bullish demand, primarily from the infrastructure and

construction segment.

Brent crude held near $109 a barrel on Wednesday, as in-

vestors eyed U.S. oil inventory data and looked to euro

zone policies they hope could spur growth and boost the

region's energy demand. The US benchmark, West Texas

Intermediate (WTI) for delivery in July, gained eight cents

to $102.74 a barrel while Brent North Sea crude for July

was up five cents to stand at $108.87. Oil prices edged

higher in Asia yesterday.


DAILY REPORT

05th JUNE 2014


RECOMMENDATIONS

DHANIYA

BUY DHANIYA JUN ABOVE 9570 TGTS 9600,9650 SL 9520

SELL DHANIYA JUN BELOW 9520 TGTS 9490,9440 SL9570

GUARSEED

BUY GUARSEED JUN ABOVE 5130 TGTS 5160,5210 SL 5080

SELL GUARSEED JUN BELOW 5065 TGTS 5035,4985 SL 5115

NCDEX

NCDEX INDICES

Index Value % Change

Castor Seed 3988 +0.13

Chana 2860 +1.13

Coriander 9547 -0.10

Cotton Seed Oilcake 1491 +0.40

Guarseed 5080 -0.49

Jeera 10990 -0.45

Mustard seed 3405 +0.47

Soy Bean 4423 +0.11

Sugar M Grade 3000 -0.17

Turmeric 5960 -3.12

NCDEX ROUNDUP

Chana prices rose 0.50 per cent to Rs 2,842 per quintal in futures trade yesterday as speculators enlarged positions on rising demand in the spot market. Tight supplies from pro-ducing regions further fuelled the uptrend in chana prices. At NCDEX chana for delivery in July advanced by Rs 14, or 0.50 per cent, to Rs 2,842 per quintal with an open interest of 77,250 lots. The July contract gained Rs 12, or 0.41 per cent, to Rs 2,906 per quintal in 1,14,410 lots. Speculators enlarged positions on the back of an upsurge in demand in the spot market which kept chana prices higher for the sec-ond day at futures trade.

Refined soya oil prices advanced by 0.80 per cent to Rs 654.05 per 10 kg in futures trading yesterday as speculators enlarged positions on strong demand in the spot market. At the NCDEX refined soya oil for delivery in July added Rs 5.20, or 0.80 per cent, to Rs 654.05 per 10 kg with an open interest of 1,82,530 lots. The June contract gained Rs 5.10, or 0.77 per cent, to Rs 668.40 per 10 kg in 68,310 lots. The rise in refined soya oil prices at futures trade was supported by strong demand in the spot market.

Cardamom plunged sharply on Wednesday as short selling emerged due to favorable weather in the Idukki region of kerala. MCX Cardamom for the July delivery ended the last day at Rs 893.50, down Rs 20.30 or 2.22%. Weather worries in the cardamom belts and export enquiries aided upside in the cardamom futures prices in the previous months. Rain-fall had witnessed during the last few days and it triggered some profit taking in the counter.


DAILY REPORT

05th JUNE 2014


GBP/INR

BUY GBP/INR ABOVE 99.93 TGTS 100.08, 100.23 SL 99.72.

SELL GBP/INR BELOW 99.55 TGTS 99.40, 99.25 SL 99.76.

JPY/INR

SELL JPY/INR BELOW 57.97 TGTS 57.82, 57.67 SL 58.18.

BUY JPY/INR ABOVE 58.38 TGTS 58.53, 58.68 SL 58.17.

CURRENCY ROUNDUP

The Indian rupee edged higher on Wednesday on foreign fund inflows into debt and equity, though a sharper rise was capped by heavy dollar demand from importers. The par-tially convertible rupee closed at 59.33/34 per dollar after moving in a range of 59.4525-59.2000, slightly stronger than Tuesday's close of 59.3850/3950. The one-year forward dol-lar premium inched up as much as 490 points in the day from Tuesday's 483.25 points.

The euro clung onto modest overnight gains early on Wednesday, having been squeezed higher in what some traders described as a 'buy-the-rumour-sell-the-fact' move in the wake of subdued euro zone inflation data. U.S. Treas-uries yields rose to their highest in three weeks on Tuesday as investors reset bets that yields are likely to climb after they fell to 11-month lows last week.

The dollar was broadly higher against the other major cur-rencies on Wednesday, as investors eyed the release of a string of U.S. economic reports later in the day, while cau-tion ahead of the European Central Bank's policy meeting supported safe-haven demand. The dollar was lower against the euro, with EUR/USD slipping 0.20% to 1.3602.

Earlier Wednesday, Markit said Germany's services purchas-ing managers' index fell to 56.0 in May from 56.4 in April, confounding expectations for the index to remain un-changed. Separately, Spain's services PMI fell to 55.7 in May, from a reading of 56.5 the previous month.

The pound edged lower against the dollar, with GBP/USD down 0.13% to 1.6728. Sterling strengthened mildly after Markit said the U.K. services PMI slipped to 58.6 last month, from a reading of 58.7 in April, compared to expectations for a fall to 58.2. The dollar was higher against the yen and the Swiss franc, with USD/JPY adding 0.11% to 102.62 and with USD/CHF up 0.14% to 0.8976. The greenback was steady to higher against the Australian, New Zealand and Canadian dollars, with AUD/USD inching 0.06% higher to 0.9271, NZD/USD shedding 0.22% to 0.8413 and USD/CAD rising 0.23% to 1.0933.

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 59.3360 Yen-100 57.7600

Euro 80.7640 GBP 99.1801


DAILY REPORT

05th JUNE 2014


CALL REPORT

PERFORMANCE UPDATES

Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

04/06/14 MCX GOLD JUNE BUY 25900 25980-29060 26800 BOOKED PROFIT

04/06/14 MCX GOLD JUNE SELL 25680 25600-25500 26800 NOT EXECUTED

04/06/14 MCX SILVER JULY BUY 39900 40100-40400 39600 NO PROFIT NO

LOSS

04/06/14 MCX SILVER JULY SELL 39500 39300-39000 39800 NOT EXECUTED

04/06/14 NCDEX GUARSEED JUNE BUY 5155 5185-5235 5105 NOT EXECUTED

04/06/14 NCDEX GUARSEED JUNE SELL 5085 5055-5005 5035 BOOKED PROFIT

04/06/14 NCDEX DHANIYA JUNE BUY 9590 9620-9670 9540 NOT EXECUTED

04/06/14 NCDEX DHANIYA JUNE SELL 9520 9490-9440 9570 BOOKED PROFIT

04/06/14 EUR/INR JUNE BUY 81.36 81.51-81.66 81.15 NOT EXECUTED

04/06/14 EUR/INR JUNE SELL 80.75 80.60-80.45 81.15 NOT EXECUTED

04/06/14 USD/INR JUNE SELL 59.31 59.16-59.01 59.52 NOT EXECUTED

04/06/14 USD/INR JUNE BUY 59.77 59.16-60.07 59.56 NOT EXECUTED

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

30/05/14 NIFTY FUTURE SELL 7230 7200-7170 7360 CALL OPEN

30/05/14 CROMPTON GREAVES

FUTURE SELL 180-182 175-170 185 CALLOPEN

30/05/14 UCOBANK FUTURE BUY 106-108 110-114 104 BOOKED PROFIT

30/05/14 ADANIENT CASH SELL 448 440-432 456 NOT EXECUTED

29/05/14 SAIL FUTURE SELL 92-90 85-82 95 CALL OPEN

28/05/14 AUROPHARMA FUTURE BUY 635-640 655-670 625 BOOKED FULL

PROFIT

26/05/14 EMAMI LTD CASH BUY 464 480-495 450 CALL OPEN


DAILY REPORT

05th 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 02

9:45 AM MARKIT PMI MAY -- 56.2

10 AM ISM MAY 55.2% 54.9%

10 AM CONSTRUCTION SPENDING APRIL 0.9% 0.2%

TUESDAY, JUNE 03

10 AM FACTORY ORDERS APRIL -0.4% 0.9%

TBA MOTOR VEHICLE SALES MAY 16.1MLN 16.0 MLN

WEDNESDAY, JUNE 04

8:15 AM ADP EMPLOYMENT MAY -- 220,000

8:30 AM TRADE DEFICIT APRIL -$40.4 BLN -$40.1 BLN

8:30 AM PRODUCTIVITY Q1 -2.1% -1.7%

10 AM ISM NONMANUFACTURING MAY 55.4% 55.2%

2 PM BEIGE BOOK

THURSDAY, JUNE 05

8:30 AM JOBLESS CLAIMS 5/31 N/A N/A

FRIDAY, JUNE 06

8:30 AM NONFARM PAYROLLS MAY 224,000 288,000

8:30 AM UNEMPLOYMENT RATE MAY 6.4% 6.3%

3 PM CONSUMER CREDIT APRIL -- $17.5 BLN


Stock market special report by epic research 5th june 2014

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Transcript of Stock market special report by epic research 5th june 2014