Page 1

DAILY REPORT 04th JUNE 2014

Global markets at a glance Asian shares were steady on Wednesday and the dollar benefited from rising U.S. Treasury yields MSCI's broadest index of Asia-Pacific shares outside Japan. MIAPJ0000PUS was flat in early trade, not far from last week's one-year high. Japan's Nikkei stock average. N225 rose 0.1%, getting a lift from a weaker yen, and building on Tuesday's 2month closing high. European shares slipped on Tuesday in thin volumes and some benchmark indexes retreated from multi-year highs as investors held back from chasing stocks higher before Thursday's European Central Bank meeting.

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

Value

% Change

16772.34 1924.24 4234.08 3241.04 6836.56 15008.56 23175.08

-0.13 -0.04 -0.07 -0.21 -0.41 -0.17 -0.50

Top Gainers CMP

Change

% Chg

TATASTEEL

526.00

33.10

+6.72

Wall Street Update US stocks dipped in thin volume on Tuesday, with the Dow and the S&P 500 retreating from Monday's record closing levels as traders found few reasons to buy following a string of gains. A rise in semiconductor companies' shares limited losses. About half of the 10 primary S&P 500 sector indexes were down for the day, led by telecom, which fell 1 percent. On Tuesday, the Dow Jones industrial average fell 21.29 points or 0.13 percent, to end at 16,722.34. The S&P 500 inched down just 0.73 of a point or 0.04 percent, to 1,924.24. The Nasdaq Composite dropped 3.12 points or 0.07 percent, to 4,234.08

SSLT

296.75

16.75

+5.98

CAOLINDIA

394.40

21.05

+5.64

DLF

220.25

10.90

+5.21

3323.40

162.95

+5.16

CMP

Change

% Chg

2339.00 1349.15 539.35 382.50 872.35

74.95 33.65 13.05 8.25 14.25

-3.10 -2.43 -2.36 -2.11 -1.61

Previous day Roundup Equity benchmarks ended at record closing highs on Tuesday after the RBI credit policy review indicated huge amount of liquidity coming into the system . Improving China's factory data too supported the market. The 50share NSE Nifty closed above 7400-mark for the first time ever, up 53.35 points to 7415.85 while the 30-share BSE Sensex jumped 173.74 points to 24858.59.

Stocks at 52 Week’s high Prev. Close

Change

%Chg

520.15

4.15

-0.79

DHANBANK

55.75

4.55

+8.89

ESSAR OIL

95.45

2.45

+2.63

EXIDEIND

144.50

1.15

+0.80

GRASIM

3,323.4

162.95

+5.16

Prev. Close

Change

%Chg

773.00

1.00

-0.13

CMP

Change

% Chg

7415.85

+53.35

+0.72

24858.59

+173.74

+0.70

Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 112.68pts], Capital Goods [up 193.18pts], PSU [up 156.04pts], FMCG [down 50.83pts], Realty [down 60.43pts], Power [up 31.89 pts], Auto [up 43.63pts], Healthcare [down 50.82pts], IT [down 3.073ts], Metals [up 633.58pts], TECK [up 1.35pts], Oil& Gas [up 196.11pts].

YOUR MINTVISORY

Company

GRASIM

Top Losers Company

DRREDDY HSLTECH INDUSINDBANK GAIL KOTAKBANK

Symbol

BHARATFORG

Stocks at 52 Week’s Low Symbol

MINDTREE

Indian Indices Company

NIFTY SENSEX

Call us at +91-731-6642300


DAILY REPORT 04th JUNE 2014

EQUITY CASH & FUTURE

STOCK RECOMMENDATIONS [FUTURE] 1. TATASTEEL [FUTURE]

STOCK RECOMMENDATION [CASH] 1. UFLEX

TATA STEEL FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 525 levels. We advise buying around 520-525 levels with strict stop loss 510 for the targets of 540-550 levels. 2. COAL INDIA [FUTURE]

UFLEX in overbought zone. We advise selling around 115114 tgt 110-105 sl 120

COAL INDIA FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 395 levels. We advise buying around 390-395 levels with strict stop loss 380 for the targets of 405-420 levels. YOUR MINTVISORY

MACRO NEWS As expected, RBI governor Raghuram Rajan kept interest rates on hold while announcing the second bi-monthly monetary policy for the year 2014-15,The repo rate, at which the RBI lends to banks, and the cash reserve ratio (CRR) remain unchanged at 8 % and 4 %, respectively. However, Rajan allowed for a SLR cut by 0.5 % to 22.5 % with effect from the fortnight beginning June 14, 2014, thus releasing Rs 40,000 crore of liquidity locked up in government securities. The new govt will push ethanol blending in petrol. The Reserve Bank yesterday raised the annual overseas investment ceiling for individuals to USD 125,000 from USD 75,000. India's economic growth stayed below 5% for the second year in a row at 4.7% in 2013-14, mainly due to low manufacturing & mining output. Essar Projects inks deal with Saudi firm Mohammed AlMojil Group for construction services. Century Textile to mull issue of 18.7 lakh warrants on preferential basis. Reliance Jio Infocomm Signs tower sharing deal with Ascend Telecom.

Call us at +91-731-6642300


DAILY REPORT FUTURE & OPTION

04th JUNE 2014

STOCKS IN NEWS Jaypee Power Ventures, Lanco Infratech, GMR Infrastructure, others queue up to sell power assets to NTPC USFDA finds procedural lapses at Wockhardt's US facility Honda to double parts sourcing from India; eyes over Rs 800 crore State Bank of Bikaner and Jaipur's business turnover reaches 1.39 lakh crore .

MOST ACTIVE PUT OPTION Symbol

Op- Strike tion Price Type

LTP

Traded Volume (Contracts )

Open Interest

NIFTY

PE

7,300

60.95

2,94,775 28,14,450

NIFTY

PE

7,200

37

2,40,986 36,33,250

NIFTY

PE

7,100

21.65

1,61,671 28,99,250

BANKNIFTY

PE

14,000

58.2

21,167

2,59,225

SBIN

PE

2,500

39.2

3,517

1,72,000

TATASTEEL

PE

500

10.2

2,058

4,44,000

SBIN

PE

2,400

18.75

1,752

95,250

LT

PE

1,600

34.8

1,560

1,92,500

LTP

Traded Volume (Contracts)

Open Interest

NIFTY FUTURE

MOST ACTIVE CALL OPTION Symbol

Op- Strike tion Price Type

NIFTY

CE

7,500

68.8

3,76,081

56,68,500

NIFTY

CE

7,400

118

3,04,046

38,38,700

NIFTY

CE

7,600

35.4

2,47,559

40,57,550

BANKNIFTY

CE

15,500

265

23,000

3,10,475

SBIN

CE

2,800

40

5,262

3,20,625

RELIANCE

CE

1,100

36

4,784

9,63,000

TATASTEEL

CE

520 25.55

2,901

ICICIBANK

CE

1,500 22.85

2,797

3,39,000 Nifty Future closed upside in the last trading session. We advise buying around 7440 levels with strict stop loss of 5,35,250 7400 or the targets of 7480-7520

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

52361

1948.26

55935

2080.73

274445

10228.06

-132.47

INDEX OPTIONS

354783

13156.83

343505

12724.65

1320130

49000.98

432.18

STOCK FUTURES

104800

3960.59

91803

3417.00

1457211

52520.10

543.58

STOCK OPTIONS

55914

2135.55

56553

2139.63

55798

2059.40

-4.08

TOTAL

839.21

INDICES NIFTY BANK NIFTY YOUR MINTVISORY

R2

R1

PIVOT

S1

S2

7,477.12

7,446.48

7,394.32

7,363.68

7,311.52

15,538.90

15,398.20

15,273.35

15,132.65

15,007.80

Call us at +91-731-6642300


DAILY REPORT 04th JUNE 2014

COMMODITY MCX

RECOMMENDATIONS SILVER

TRADING STRATEGY: BUY SILVER ABOVE 39900 TGT 40100,40400 SL BELOW 39600 SELL SILVER BELOW 39500 TGT 39300,39000 SL ABOVE 39800 GOLD

TRADING STRATEGY: BUY GOLD ABOVE 25900 TGT 25980,26080 SL BELOW 26800 SELL GOLD BELOW 25680 TGT 25600,25500 SL ABOVE 26800 YOUR MINTVISORY

COMMODITY ROUNDUP Gold was treading water on Wednesday, hovering near a four-month low hit in the previous session, as investors await U.S. economic data, amid increasing optimism about growth and sluggish bullion demand in Asia. Spot gold was flat at $1,245.35 an ounce by 0204 GMT. The metal hit a four-month low of $1,240.61 on Tuesday, before closing flat and snapping a five-day losing streak. MCX Gold futures witnessed some bargain buying yesterday as global prices attempted a recovery from its four-month lows. Ideas that the ECB would be launching quantitative easing measures soon to support the flailing economy supported the sentiments for gold. The COMEX Gold futures are trading at $1246 per ounce, up $3 per ounce on the day. MCX August Gold futures are trading at Rs 25750 per 10 grams, up Rs 49 per 10 grams on the day. The open interest is down 11%, indicating some short covering. Amid a weak trend in the global market and profit-booking by speculators, copper prices fell by 0.67% in futures trade yesterday. At the MCX, copper for delivery in June fell by Rs 2.80, or 0.67%, to Rs 413.15 per kg in business turnover of 1,510 lots. The metal's prices for delivery in far-month August shed Rs 2.65, or 0.63%, to trade at Rs 415.50 per kg in a turnover of 35 lots. The fall in copper futures to weak global cues as a private gauge of China's manufacturing missed estimates, curbing demand prospects from the world's biggest user of the metals. Globally, copper for delivery in three months retreated as much as 0.60%, to $6,892 a tonne on the LME, while the metal for delivery in August on the Shanghai Futures Exchange traded little changed at 48,630 yuan ($7,784) a tonne. Nickel futures prices yesterday dropped 0.50% to Rs 1,152 per kg in as speculators locked in gains amid a weak trend overseas. At MCX nickel prices for delivery in July dropped by Rs 5.80, or 0.50%, to Rs 1,152 per kg in a business turnover of 29 lots. Metal prices for delivery in June contracts fell by Rs 5.50, or 0.48%, to trade at Rs 1,147 per kg in a turnover of 580 lots. Besides profit-booking, spot demand at domestic markets and a weak trend in base metals overseas after China manufacturing gauge misses estimates mainly weighed on nickel futures here.

Call us at +91-731-6642300


DAILY REPORT 04th JUNE 2014

NCDEX

RECOMMENDATIONS DHANIYA

NCDEX INDICES Index

Value

% Change

Castor Seed

3981

+2.50

Chana

2834

+2.05

Coriander

9554

+0.88

Cotton Seed Oilcake

1485

+0.95

Guarseed

5100

+0.89

11020

+0.27

Mustard seed

3387

+0.89

Soy Bean

4410

+0.02

Sugar M Grade

2999

+0.17

Turmeric

6136

+0.69

Jeera

BUY DHANIYA JUN ABOVE 9590 TGTS 9620,9670 SL 9540 SELL DHANIYA JUN BELOW 9520 TGTS 9490,9440 SL 9570 GUARSEED

BUY GUARSEED JUN ABOVE 5155 TGTS 5185,5235 SL 5105 SELL GUARSEED JUN BELOW 5085 TGTS 5055,5005 SL 5035

YOUR MINTVISORY

NCDEX ROUNDUP Another onion price crisis seen in last October may be brewing again. Last year onion prices in retail market in several cities ahead of Diwali has seen Rs.100 a kg and Rs.60 in wholesale market. Cardamom futures rose by 0.50% to Rs 912.80 per kg in futures market yesterday as speculators indulged in creating fresh positions after demand picked up in the spot market. Besides, tight stocks position in the physical market following less arrivals from producing region also supported the uptrend. At the MCX cardamom for delivery in June rose by Rs 4.50, or 0.50%, to Rs 912.80 per kg in business turnover of 153 lots. Likewise, the spice for delivery in July contract edged up by Rs 1.70, or 0.19%, to Rs 913 per kg in 63 lots. Fresh positions built up by speculators on the back of a rise in demand in the spot market against tight supplies from producing regions mainly influenced cardamom prices in futures trade. Supported by pick up in demand in the spot market, crude palm oil prices higher by 0.20% to Rs 508.90 per 10 kg in futures trade yesterday as speculators created fresh positions. At MCX, crude palm oil for delivery in July up by Re 1, or 0.20%, to Rs 508.90 per 10 kg in business turnover of 16 lots. Similarly, the oil for delivery in June contract edged up by 50 paise, or 0.10% to Rs 510.80 per 10 kg in 79 lots.

Call us at +91-731-6642300


DAILY REPORT 04th JUNE 2014

CURRENCY

RBI Reference Rate Currency

Rate Currency

Rate

Rupee- $

59.2125 Yen-100

57.8800

Euro

80.5645 GBP

99.1691

EUR/INR

CURRENCY ROUNDUP The Indian rupee hit a near three-week low and weakened for a fourth consecutive session on Tuesday as the central bank was spotted buying dollars to curb gains in the currency while importers' buying also added to the losses. It hovered in a range of 59.12 and 59.23 before quoting at 59.16 per dollar at 1000 hours. Persistent foreign capital inflows into equity market also affected the market sentiment.

BUY EUR/INR ABOVE 81.36 TGTS 81.51, 81.66 SL 81.15. SELL EUR/INR BELOW 80.75 TGTS 80.60, 80.45 SL 80.96. USD/INR

The rupee had briefly strengthened early in the day when the Reserve Bank of India kept interest rates steady and signalled it may be done with rate hikes. The ensuing optimism about growth helped offset some of the expected benefits from higher interest rates on the rupee. The market cited little impact from the central bank's move later to allow banks to equally spread out additional provisioning on unhedged foreign currency exposure in the current fiscal year. The partially convertible rupee closed at 59.3850/3950 per dollar after falling as low as 59.42, a level last seen on May 15. The pair had closed at 59.1525/1625 on Monday. The rupee fell even though local shares rose to a record close as metal firms surged after surveys showed China's factory and services sectors had their best performance in months. In the offshore nondeliverable forwards, the one-month contract was at 59.70 while the three-month was at 60.28.

BUY USD/INR ABOVE 59.77 TGTS 59.92, 60.07 SL 59.56. SELL USD/INR BELOW 59.31 TGTS 59.16, 59.01 SL 59.52. YOUR MINTVISORY

However, in New York market, the dollar rose against the euro yesterday as disappointing German inflation data were the latest to signal the European Central Bank could be forced to ease monetary policy this week to fight low inflation. Call us at +91-731-6642300


DAILY REPORT 04th JUNE 2014

CALL REPORT PERFORMANCE UPDATES

Date

Commodity/ Currency Pairs

Contract

Strategy

Entry Level

Target

Stop Loss

Remark

03/06/14

MCX GOLD

JUNE

BUY

25900

25980-26080

26800

NOT EXECUTED

03/06/14

MCX GOLD

JUNE

SELL

25700

25620-25520

26800

SL TRIGGERED

03/06/14

MCX SILVER

JULY

BUY

39900

40100-40400

39600

NOT EXECUTED

03/06/14

MCX SILVER

JULY

SELL

39500

39300-39000

39800

BOOKED PROFIT

03/06/14

NCDEX GUARSEED

JUNE

BUY

5095

5125-5175

5045

SL TRIGGERED

03/06/14

NCDEX GUARSEED

JUNE

SELL

5030

5000-4950

5080

SL TRIGGERED

03/06/14

NCDEX DHANIYA

JUNE

BUY

9500

9530-9580

9450

BOOKED FULL PROFIT

03/06/14

NCDEX DHANIYA

JUNE

SELL

9435

9405-9355

9485

NOT EXECUTED

03/06/14

JPY/INR

JUNE

SELL

58.03

57.88-57.73

58.24

SL TRIGGERED

03/06/14

JPY/INR

JUNE

BUY

58.44

58.59-58.74

58.23

NOT EXECUTED

03/06/14

EUR/INR

JUNE

SELL

80.69

80.54-80.39

80.90

NOT EXECUTED

03/06/14

EUR/INR

JUNE

BUY

81.11

81.26-81.41

80.90

BOOKED PROFIT

CASH/ FUTURE/ OPTION

Strategy

Date

Scrip

Entry Level

Target

Stop Loss

Remark

03/06/14

NIFTY

FUTURE

BUY

7380

7430-7480

7350

BOOKED PROFIT

03/06/14

ARVIND

FUTURE

BUY

194-195

199-204

189

CALL OPEN

03/06/14

BIOCON

FUTURE

BUY

445-470

458-470

435

CALL OPEN

03/06/14

CANARA BANK

CASH

BUY

444-445

450-455

440

SL TRIGGERED

29/05/14

SAIL

FUTURE

SELL

92-90

85-82

95

SL TRIGGERED

26/05/14

EMAMI LTD

CASH

BUY

464

480-495

450

CALL OPEN

YOUR MINTVISORY

Call us at +91-731-6642300


DAILY REPORT ECONOMIC CALENDAR

04th JUNE 2014

NEXT WEEK'S U.S. ECONOMIC REPORTS 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

N/A

N/A

THURSDAY, JUNE 05 8:30 AM

JOBLESS CLAIMS

5/31 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

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 4th june 2014  

Epic Research provide specialized nifty future tips to nifty futures interday traders in which we give nifty levels, nifty calls along with...

Read more
Read more
Similar to
Popular now
Just for you