Issuu on Google+

DAILY REPORT 30th MAY 2014

Global markets at a glance Asian shares inched up to a one-year high on Thursday while global bond prices surged, pushing their yields to multi-month lows, supported by expectations of easier monetary policy from the European Central Bank. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.15%, led by gains in Hong Kong and Singapore shares and hitting one-year highs for the fifth time in the last six sessions. Japan's Nikkei share average gained 0.1%. Though equities were mixed on Friday following another record finish for the S&P 500 overnight and economic data from Japan. European shares held near multi-year highs on Thursday, with the region's main stock markets supported by prospects of new economic stimulus next week from the European Central Bank. Wall Street Update US stocks rose on Thursday and the benchmark S&P 500 index hit a record intraday high for the third straight day as traders bet on improvement in the second quarter even as data showed the world's largest economy contracted in the first quarter. Global bond yields remain in focus after benchmark US Treasury yields fell to eleven-month lows while German bond yields traded at one-year lows. The Dow Jones industrial average rose 16.96 points or 0.1 percent, to 16,650.14, the S&P 500 gained 5.63 points or 0.29 percent, to 1,915.41 and the Nasdaq Composite added 14.40 points or 0.34 percent, to 4,239.47. Previous day Roundup Market slumped on May series futures and options contracts expiry day as investors rolled over positions into the near-term June series. It was a day of the bears as the Nifty tanked 94 points to end at 7235.65. The Sensex was down 321.94 points at 24234.15. About 1390 shares have advanced, 1556 shares declined, and 115 shares are unchanged.

World Indices Index DJl S&P 500 NASDAQ EURO STO FTSE 100 Nikkei 225 Hong Kong

Value

% Change

16698.74 1920.03 4247.95 3,244.66 6,871.29 14,642.59 23,050.94

+0.39 +0.54 +0.54 +0.05 +0.29 -027 +0.18

Top Gainers Company

CMP

Change

% Chg

HINDALCO

149.65

2.445

+1.66

DRREDDY

2385.00

33.40

+1.42

NTPC

152.95

1.50

+0.99

M&M

1172.95

11.35

+0.98

588.55

4.45

+0.76

CMP

Change

% Chg

2921.30 297.00 212.9 1398.40 127.60

103.70 10.35 6.70 42.05 3.80

-3.43 -3.37 -3.05 -2.92 -2.89

Prev. Close

Change

%Chg

ADVANTA

274.95

8.15

+3.05

AMTEKAUTO

198.50

0.25

-0.13

BHARATFORG

511.20

10.40

+2.08

ORIENTAL BANK

351.00

0.20

+0.06

135

1.15

-0.84

Prev. Close

Change

%Chg

413.4

+0.30

+0.18

CMP

Change

% Chg

7235.65

-94.00

-1.28

24234.15

-321.94

-1.31

SUNPHARMA

Top Losers Company

INFY JINDALSTEL AMBUJACEM HCLTECH IDFC

Stocks at 52 Week’s high Symbol

TVSMOTOR

Stocks at 52 Week’s Low Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 88.03pts], Capital Goods [down 222.77pts], PSU [down 98.61pts], FMCG [up pts], Realty [down 25.74pts], Power [down 25.16pts], Auto [down 25.62pts], Healthcare [up 2.01pts], IT [up 299.79pts], Metals [down 107.46pts], TECK [down 144.79pts], Oil& Gas [down 180.75pts]. YOUR MINTVISORY

Symbol

BHUSHANSTEEL

Indian Indices Company

NIFTY SENSEX

Call us at +91-731-6642300


DAILY REPORT 30th MAY 2014

EQUITY CASH & FUTURE

STOCK RECOMMENDATIONS [FUTURE] 1. CROMPTON GREAVES [FUTURE]

STOCK RECOMMENDATION [CASH] 1. ADANI ENTERPRIZES

CROMPTON GREAVES FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it sustains below 180 levels. We advise selling around 180 -182 levels with strict stop loss 185 for the targets of 175170.

ADANI ENTERPRISE weak on daily chart. We advise selling below 448 levels with strict stop loss of 456 for the targets of 440-432

2. UCO BANK [FUTURE]

UCO BANK FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 105 levels. We advise buying around 106-108 levels with strict stop loss 104 for the targets of 110-114 levels. YOUR MINTVISORY

MACRO NEWS Coal India Net profit fell 18% to Rs 4,434 cr in the quarter ended March 2014 from Rs 5,413.9 cr in same quarter last year due to slow growth in revenue and weak operational performance. Hindalco Industries reported 48.5% fall in fourth quarter net profit at Rs 248 crore (on standalone basis) due to exceptional loss of Rs 396 crore. It had a profit of Rs 482 crore in the same quarter last year. Sun Pharmaceutical Q4 (Jan-March) consolidated net profit grew 56.9% YoY to Rs 1,587 cr (beat forecast), driven by higher domestic as well as US revenues. ONGC Net profit increased toRs. 4,889 crore although revenue dipped by 2.3% to Rs.21,403 crore. Tata Motors Q4 consolidated net profit falling 0.7% to Rs 3,918 cr compared to same quarter last year due to lower growth in JLR's topline & bottomline and weak domestic business. Revenue grew 16.6 percent on yearly basis to Rs 65,317cr for the quarter ended March 2014. IOC aims to start crude processing at Paradip refinery by August-September . Coal demand falls globally. Monthly diesel price hikes likely to continue. Yes Bank starts shares sale to raise up to USD 500 mn. Call us at +91-731-6642300


DAILY REPORT FUTURE & OPTION

30th MAY 2014

STOCKS IN NEWS Indian Oil profit drops 35% as refining margins shrink National Fertilizers Q4 net loss narrows to Rs 9.80cr. Ipca Lab Q4 net profit up 84% at Rs 137 cr. Bajaj Electricals reports Rs 10.65 crore loss in Q4. L&T Construction wins orders worth Rs 2,458 crore Sesa Sterlite, a Vedanta group company, buying the residual stake in Hindustan Zinc. Marico reports 17% revenue growth in Q4. Tesco is to open stores in a joint venture with Tata's Trent Hypermarket. NIFTY FUTURE

MOST ACTIVE PUT OPTION Symbol

Op- Strike tion Price Type

LTP

Traded Volume (Contracts )

Open Interest

NIFTY

PE

7,300

66.2 10,09,075 15,10,250

NIFTY

PE

7,250

14.8

7,70,479 13,20,800

NIFTY

PE

7,200

0.05

3,89,100 52,15,050

BANKNIFTY

PE

15,000

0.1

1,11,178

3,96,875

INFY

PE

2,900

0.1

12,316

3,21,500

SBIN

PE

2,600

0.2

9,728

2,35,750

MCDOWELL-N

PE

2,800

0.05

7,450

6,85,250

DLF

PE

200

0.05

2,362 13,42,000

MOST ACTIVE CALL OPTION Symbol

Op- Strike tion Price Type

LTP

Traded Volume (Contracts)

Open Interest

NIFTY

CE

7,300

0.05

12,37,882

76,84,250

NIFTY

CE

7,350

0.05

6,85,521

47,05,450

NIFTY

CE

7,400

0.05

6,12,586

73,97,000

BANKNIFTY

CE

15,200

0.05

85,531

3,73,400

INFY

CE

3,000

0.05

16,427

4,95,375

MCDOWELL-N

CE

2,850

0.1

9,995

4,84,625

SBIN

CE

2,640

0.05

8,815

RELIANCE

CE

1,100

0.05

6,918

Nifty Future closed downside in the last trading session. 2,27,375 We advise selling around 7230 levels with strict stop loss 11,20,000 of 7360 or the targets of 7200-7170

FII DERIVATIVES STATISTICS BUY

SELL

OPEN INTEREST AT THE END OF THE DAY

No. of Amount in No. of Amount in No. of Contracts Crores Contracts Crores Contracts

Amount in Crores

NET AMOUNT

INDEX FUTURES

186078

6829.82

189134

6929.84

244389

8944.31

-100.02

INDEX OPTIONS

594081

21681.72

545983

19988.27

1129203

40876.28

1693.45

STOCK FUTURES

402682

14475.34

482151

17395.51

1432873

50290.02

-2920.17

STOCK OPTIONS

75092

2816.25

73437

2772.95

6995

271.35

43.30

TOTAL

-1283.44

INDICES NIFTY BANK NIFTY YOUR MINTVISORY

R2

R1

PIVOT

S1

S2

7,340.27

7,332.33

7,317.47

7,309.53

7,294.67

15,344.43

15,187.37

15,097.43

14,940.37

14,850.43

Call us at +91-731-6642300


DAILY REPORT 30th MAY 2014

COMMODITY MCX

RECOMMENDATIONS SILVER TRADING STRATEGY:

COMMODITY ROUNDUP Extending its downward journey for the fourth straight session, gold prices tumbled by Rs 200 to hit nearly 11-month low of Rs 27,500 per ten grams in the national capital today amid a weak trend in global markets. Besides, subdued demand from jewellers and retailers and a weak trend in futures trade also weighed on gold prices. Silver also remained under pressure for the fifth straight day and fell by Rs 500 to Rs 40,500 per kg. Gold hits 11-month low of Rs 27,500 on weak global cues Extending its downward journey for the fourth straight session, gold prices tumbled by Rs 200 to hit nearly 11-month low of Rs 27,500 per ten grams in the national capital today amid a weak trend in global markets. Besides, subdued demand from jewellers and retailers and a weak trend in futures trade also weighed on gold prices. Silver also remained under pressure for the fifth straight day and fell by Rs 500 to Rs 40,500 per kg.

BUY SILVER ABOVE 40300 TGT 40500,40800 SL BELOW 40000 SELL SILVER BELOW 39900 TGT 39700,39400 SL ABOVE 40200 GOLD

U.S. crude prices rose on Thursday after government inventory data showed a sharp drawdown in gasoline that outweighed a build in overall crude stocks, while Brent edged up supported by the low Libyan output and the Ukraine crisis. U.S. benchmark Treasury yields inched up from 11month lows on Thursday as data showed the U.S. economy shrank for the first time in three years in the first quarter but did not alter the view of a solid rebound this spring. Nickel prices fell 1.77% to Rs 1,116.20 per kg in futures trade yesterday as speculators offloaded positions on the back of weak global trend and sluggish domestic demand. At the MCX nickel for delivery in May declined by Rs 20.10, or 1.77%, to Rs 1,116.20 per kg in a business turnover of 3,446 lots. Similarly, the metal for delivery in June traded lower by Rs 19.90, or 1.75%, to Rs 1,120 per kg in 1,323 lots. Offloading of positions by speculators due to sluggish demand from alloy-makers in the domestic spot markets and weak global trend pulled down nickel prices at futures trade. Meanwhile, nickel dropped 1.5% to $19,031 a tonne on the LME.

TRADING STRATEGY: BUY GOLD ABOVE 26950 TGT 27030,27130 SL BELOW 26850 SELL GOLD BELOW 26730 TGT 26650,26550 SL ABOVE 26830 YOUR MINTVISORY

Zinc prices drifted by 0.74% to Rs 121.50 per kg in futures trade yesterday as speculators trimmed positions after demand eased in the spot markets. Also, weak trend in other base metals in global markets influenced the sentiment. At the X, zinc for delivery in May shed 90 paise, or 0.74%, to Rs 121.50 per kg in a business turnover of 757 lots.

Call us at +91-731-6642300


DAILY REPORT 30th MAY 2014

NCDEX

RECOMMENDATIONS DHANIYA BUY DHANIYA JUN ABOVE 9480 TGTS 9510,9560 SL 9430 SELL DHANIYA JUN BELOW 9375 TGTS 9345,9295 SL 9415

NCDEX INDICES

GUARSEED BUY GUARSEED JUN ABOVE 5250 TGTS 5280,5330 SL 5200 SELL GUARSEED JUN BELOW 5185 TGTS 5155,5105 SL 5225

Index

Value

% Change

Castor Seed

3810

+0.05

Chana

2823

-0.07

Coriander

9414

+0.21

Cotton Seed Oilcake

1505

+0.74

Guarseed

5105

-2.02

10990

+0.14

Mustard seed

3396

-0.53

Soy Bean

4648

+1.24

Sugar M Grade

2991

-0.40

Turmeric

6170

+2.49

Jeera

BUY DHANIYA JUN ABOVE 9435 TGTS 9455,9505 SL 9385 SELL DHANIYA JUN BELOW 9405 TGTS 9475,9425 SL 9455 GUARSEED

NCDEX ROUNDUP Potato prices fell by 0.76% to Rs 1,314.50 per quintal in futures trade yesterday as speculators offloaded positions on weak trend in spot markets. At the MCX, potato for June delivery fell by Rs 10.20, or 0.76%, to Rs 1,314.50 per quintal, with a business volume of 52 lots. Similarly, potato for delivery in May traded lower by Rs 5.20, or 0.40%, to Rs 1,270 per quintal, with a trade volume of seven lots. The fall in potato prices was mostly due to subdued demand in the spot markets. Sugar prices fell 0.57% to Rs 2,986 per quintal in futures trading today as speculators indulged in reducing positions on the back of subdued demand from bulk consumer in the spot markets. Furthermore, adequate stocks following higher supplies from millers also put pressure on the prices of the sweetener. At the NCDEX, sugar for delivery in June declined by Rs 17, or 0.57%, to Rs 2,986 per quintal with an open interest of 41,920 lots.

BUY GUARSEED JUN ABOVE 5200 TGTS 5230,5280 SL 5150 SELL GUARSEED JUN BELOW 5065 TGTS 5035,4985 SL 5115 YOUR MINTVISORY

To counter the shortage of onion post the monsoon season, Madhya Pradesh government is formulating a plan to arrange cultivation onion during this Kharif season. The commodity remains in short supply each year during monsoon and post monsoon. Call us at +91-731-6642300


DAILY REPORT 30th MAY 2014

CURRENCY

RBI Reference Rate Currency

Rate Currency

Rate

Rupee- $

58.8415 Yen-100

57.8500

Euro

80.0315 GBP

98.4065

JPY/INR

BUY JPY/INR ABOVE 58.48 TGTS 58.63, 58.78 SL 58.27. SELL JPY/INR BELOW 58.02 TGTS 57.87, 57.72 SL 58.23.

CURRENCY ROUNDUP The Indian rupee weakened for a fourth session in five on Thursday as continued month-end dollar demand from oil importers and weaker domestic shares offset the dollar selling seen from corporates in early trade. The partially convertible rupee closed at 59.03/04 per dollar compared to 58.93/94 on Wednesday. In the offshore nondeliverable forwards, the one-month contract was at 59.26 while the three-month was at 59.83.

India to sell 160-bn-rupee of bonds on May 30. The Reserve Bank of India said on Thursday it accepted all 18 bids for 98.57 billion rupees ($1.67 billion) at its one-day repo auction, through which it injects liquidity into the banking system. Indian banks' refinancing with RBI falls to 289.53 billion rupees. Indian banks' cash balances with RBI fall to 3.23 trillion rupees. bond markets are likely to focus on the outcome of the new 14-year government bond auction today.

USD/INR

The yen nursed modest losses early in Asia on Friday, having retreated from multi-month highs against the euro as investors booked some profit before the weekend. The pound was steady close to six-week lows against the dollar on Thursday, one day after posting its largest oneday decline in four months amid concerns that the U.K. housing market could be losing some momentum. GBP/ USD hit lows of 1.6691, the lowest level since April 15 and was last at 1.6705.

BUY USD/INR ABOVE 59.38 TGTS 59.53, 59.68 SL 59.17. SELL USD/INR BELOW 58.77 TGTS 58.62, 58.47 SL 58.98. YOUR MINTVISORY

The euro's gains were held in check amid mounting expectations that the European Central Bank will ease monetary policy at its upcoming meeting next week, in order to safeguard the fragile recovery in the euro area. sterling was near one-week lows against the euro, with EUR/GBP at 0.8134, just below Wednesday's highs of 0.8142.

Call us at +91-731-6642300


DAILY REPORT 30th MAY 2014

CALL REPORT PERFORMANCE UPDATES

Date

Commodity/ Currency Pairs

Contract

Strategy

Entry Level

Target

Stop Loss

Remark

29/05/14

MCX GOLD

JUNE

BUY

26900

26980-27080

26800

SL TRIGGERED

29/05/14

MCX GOLD

JUNE

SELL

26730

26650-26550

26830

BOOKED PROFIT

29/05/14

MCX SILVER

JULY

BUY

40300

40500-40800

4000

NOT EXECUTED

29/05/14

MCX SILVER

JULY

SELL

40000

39800-39500

40300

BOOKED PROFIT

29/05/14

NCDEX GUARSEED

JUNE

BUY

5250

5280-5330

5200

NOT EXECUTED

29/05/14

NCDEX GUARSEED

JUNE

SELL

5195

5165-5115

5245

29/05/14

NCDEX DHANIYA

JUNE

BUY

9475

9505-9555

9425

29/05/14

NCDEX DHANIYA

JUNE

SELL

9380

9350-9300

9430

NOT EXECUTED

29/05/14

EUR/INR

JUNE

BUY

80.99

81.05-81.20

80.78

NOT EXECUTED

29/05/14

EUR/INR

JUNE

SELL

80.45

80.30-80.15

80.66

BOOKED PROFIT

29/05/14

GBP/INR

JUNE

SELL

98.94

98.79-98.64

99.15

BOOKED PROFIT

29/05/14

GBP/INR

JUNE

BUY

99.58

99.73-99.88

99.37

NOT EXECUTED

CASH/ FUTURE/ OPTION

Strategy

Date

Scrip

Entry Level

Target

Stop Loss

BOOKED FULL PROFIT BOOKED FULL PROFIT

Remark

29/05/14

NIFTY

FUTURE

BUY

7350

7380-7410

7320

NOT EXECUTED

29/05/14

SAIL

FUTURE

SELL

92-90

85-82

95

CALL OPEN

29/05/14

ORIENTAL BANK

FUTURE

BUY

345-350

360-375

335

BOOKED FULL PROFIT

29/05/14

AMBUJACEM

CASH

BUY

221

225-230

216

NOT EXECUTED

28/05/14

AUROPHARMA

FUTURE

BUY

635-640

655-670

625

CALL OPEN

28/05/14

PIDILITE IND

CASH

SELL

319

315-310

325

BOOKED FULL PROFIT

27/05/14

ARVIND

FUTURE

SELL

188-190

182-178

195

BOOKED PROFIT

26/05/14

EMAMI LTD

CASH

BUY

464

480-495

450

CALL OPEN

23/05/14

ZEE

FUTURE

SELL

276-275

265-260

285

BOOKED FULL PROFIT

YOUR MINTVISORY

Call us at +91-731-6642300


DAILY REPORT ECONOMIC CALENDAR

30th MAY 2014

NEXT WEEK'S U.S. ECONOMIC REPORTS TIME (ET)

REPORT

PERIOD

ACTUAL

CONSENSUS FORECAST

PREVIOUS

APRIL

0.4%

2.5%

MONDAY, MAY 26 MEMORIAL DAY NONE SCHEDULED TUESDAY, MAY 27 8:30 AM

DURABLE GOODS ORDERS

9 AM

CASE-SHILLER HOME PRICE INDEX

MARCH

--

12.9% YOY

9 AM

FHFA HOME PRICE INDEX

MARCH

--

6.9% YOY

10 AM

CONSUMER CONFIDENCE INDEX

MAY

83.0

83.2

5/24

N/A

N/A

Q1

-0.6%

-0.1%

APRIL

--

3.4%

WEDNESDAY, MAY 28 NONE SCHEDULED THURSDAY, MAY 29 8:30 AM

JOBLESS CLAIMS

8:30 AM

GDP REVISION

10 AM

PENDING HOME SALES

FRIDAY, MAY 30 8:30 AM

PERSONAL INCOME

APRIL

0.4%

0.5%

8:30 AM

CONSUMER SPENDING

APRIL

0.2%

0.9%

9:45 AM

CHICAGO PMI

MAY

60.8

63.0

10 AM

UMICH CONSUMER SENTIMENT INDEX

MAY

82.5

81.8

Disclaimer The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility. The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. We are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid or Unpaid), any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.

YOUR MINTVISORY

Call us at +91-731-6642300


Stock market special report by epic research 30th may 2014