Stock market special report by epic research 17th july 2014

DAILY REPORT 17th JULY 2014

Global markets at a glance European shares gained in early deals on Wednesday, buoyed by strength in miners after Chinese growth slightly beat expectations, hinting at resilient demand in the world's largest metals consumer. The STOXX Europe 600 Basic Resources index rose 0.6 percent. The panEuropean FTSEurofirst 300 rose 0.4 percent to 1,363.63, recouping the previous session's losses.

Asian equities gained on Thursday, lifted by another record-high close on Wall Street, while the euro probed recent lows against the dollar amid speculation the U.S. Federal Reserve is tilting toward tighter monetary policy in light of a stronger economy. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.2 percent. Tokyo's Nikkei gained 0.3 percent, helped by a weaker yen.

Wall Street Update US stocks rose on Wednesday, with the Dow Jones industrial average closing at a record high, boosted by the latest merger news and some strong corporate earnings.

The Dow Jones industrial average rose 77.52 points or 0.45 percent, to end at 17,138.20. The S&P 500 gained 8.29 points or 0.42 percent, to 1,981.57. The Nasdaq Composite added 9.58 points or 0.22 percent, to 4,425.97.

The S&P 500 technology index rose 1 percent and ranked among the day's best-performing sectors in the S&P 500.

Previous day Roundup The market managed to hold hefty gains supported by financials. The Sensex was up 321.07 points or 1.27 percent at 25549.72 and the Nifty gained 97.75 points or 1.3 percent to end at 7624.40. About 1977 shares advanced, 970 shares declined, and 99 shares were unchanged.

Overseas investors bought Indian shares worth 6.21 billion rupees ($103.47 million) on Wednesday, provisional exchange data shows.

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

Value

% Change

17138.20 1981.57 4425.97 3202.94 6784.67 15411.75 23537.97

+0.45 +0.42 +0.22 +1.56 +1.11 +0.21 +0.06

Top Gainers Company

CMP

Change

% Chg

IDFC

163.40

13.40

8.93

DLF

226.15

13.05

6.12

ICICIBANK

1,465.00

70.40

5.05

HINDALCO

182.90

8.20

4.69

AXISBANK

1,975.00

76.10

4.01

Top Losers Company

CMP

Change

% Chg

2,137.25 580.00 976.40 2,517.00 460.00

18.50 2.50 1.15 2.30 0.20

-0.86 -0.43 -0.12 -0.09 -0.04

Prev. Close

Change

%Chg

285

22.05

+8.39

BAJAJFINSV

944.30

18.90

+2.04

RANBAXY

557.65

1.40

+0.25

RSSOFTWARE

389.40

50.60

+14.94

ZEEL

300.90

5.10

+1.72

Prev. Close

Change

%Chg

CMP

Change

% Chg

7624.40

+97.75

+1.30

25549.72

+321.07

+1.27

BAJAJ-AUTO ASIANPAINT HDFC ULTRACEMCO GAIL

Stocks at 52 Week’s high Symbol

ADANIPPORTS

Stocks at 52 Week’s Low Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 12.89pts], Capital Goods [up 233.45pts], PSU [up 70.53pts], FMCG [up 33.55pts], Realty [up 82.61pts], Power [up 27.67pts], Auto [up 222.85pts], Healthcare [up 88.37pts], IT [up 16.95Pts], Metals [up 280.32pts], TECK [up 23.57 pts], Oil& Gas [up 132.05pts].

YOUR MINTVISORY

Symbol

Indian Indices Company

NIFTY SENSEX

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DAILY REPORT 17th JULY 2014

EQUITY CASH & FUTURE

STOCK RECOMMENDATIONS [FUTURE] 1. SSLT FUTURE

STOCK RECOMMENDATION [CASH] 1. ASTRA MICROWARE

SSLT FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 300 levels. We advise buying around 297-300 levels with strict stop loss of 292 for the targets of 308-315 levels.

ASTRA MICROWAVE strong on daily chart. We advise buying around 140 level with strict stop loss 137.50 for the targets of 142.50-145

2. ADANI PORTS FUTURE

ADANI PORTS FUTURE looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 285 levels. We advise buying around 282-285 levels with strict stop loss of 276 for the targets of 290-295 levels.

YOUR MINTVISORY

MACRO NEWS Federal Bank reported strong earnings with Q1 (AprilJune) net profit surging 108 percent to Rs 220.2 crore compared to Rs 105.7 crore in same quarter last year, aided by sharp fall in provisions and improvement in asset quality performance despite fall in other income.

The June trade deficit touched 11-month high to USD 11.76 bn against USD 11.23 bn MoM and USD 11.28 bn Yo-Y. Even though the exports rose 10.2% to USD 26.48 bn YoY, it declined from USD 28bn MoM. Even the imports which grew 8.3% to USD 38.24 bn Y-o-Y, dipped marginally from USD 39.23bn MoM. Kotak M. Bank reported stable earnings with consolidated net profit rising 11.3% YoY to Rs 698.3cr on account of lower provisions and higher other income but higher operating expenses limited profitability.

The govt is going ahead with the proposal to split the post of chairman and managing director in PSU banks as part of a top-deck restructuring.

Losses on diesel sales fall to Rs 2.49 per litre. Cost of diesel production had more than doubled to Rs 3.40 a litre in the first half of July as violence in Iraq spooked international oil markets.

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DAILY REPORT FUTURE & OPTION

17th JULY 2014

STOCKS IN NEWS Results today: TCS , Bajaj Auto , Reliance Industrial Infrastructure , Mindtree , Gruh Finance , Sasken Communications , Agro Tech Foods.

Adani Ports has received environment and coastal regulation zone approvals for Mundra SEZ. Ashok Leyland introduces 2015 models in Saudi Arabia.

M&M: 1.8 cr shares to be sold in open market today.

Adani Enterprises -Board to meet on August 9 to mull borrowing up to Rs 2,500 crore.

MOST ACTIVE PUT OPTION Symbol

Op- Strike tion Price Type

LTP

Traded Volume (Contracts )

Open Interest

NIFTY

PE

7,500

29.75

5,09,770 60,77,150

NIFTY

PE

7,400

14.75

3,33,282 49,78,250

NIFTY

PE

7,300

7.7

2,53,478 46,87,100

BANKNIFTY

PE

14,500

45

31,303

4,07,600

SBIN

PE

2,500

26

4,932

2,28,375

IDFC

PE

150

1.7

3,948 22,04,000

ICICIBANK

PE

1,400

10

2,654

3,30,750

RELIANCE

PE

980

13.85

1,724

3,37,250

LTP

Traded Volume (Contracts)

Open Interest

NIFTY FUTURE

MOST ACTIVE CALL OPTION Symbol

Op- Strike tion Price Type

NIFTY

CE

7,600

114

4,88,330

47,22,500

NIFTY

CE

7,700

60.2

4,41,057

43,73,100

NIFTY

CE

7,800 27.75

3,01,561

47,80,000

BANKNIFTY

CE

15,500 198.95

43,976

4,39,325

IDFC

CE

160

6.4

8,601

22,80,000

SBIN

CE

2,600

50.2

8,086

3,65,250

RELIANCE

CE

1,000

18.5

5,855

ICICIBANK

CE

1,500

19

4,263

10,57,250 Nifty Future closed upside in the last trading session. We advise buying around 7680 level with strict stop loss of 5,83,750 7630 for the targets of 7730-7780

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

59912

2273.36

60542

2298.09

344604

13168.86

-24.74

INDEX OPTIONS

419586

15713.78

387602

14475.90

1714263

65356.33

1237.87

STOCK FUTURES

99262

3630.80

79421

2889.74

1543199

55919.19

741.06

STOCK OPTIONS

66918

2494.08

66991

2496.24

114490

4277.30

-2.16

TOTAL

1952.04

INDICES NIFTY BANK NIFTY YOUR MINTVISORY

R2

R1

PIVOT

S1

S2

7,706.63

7,665.52

7,598.98

7,557.87

7,491.33

15,483.92

15,374.68

15,190.57

15,081.33

14,897.22

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DAILY REPORT 17th JULY 2014

COMMODITY MCX

RECOMMENDATIONS SILVER

COMMODITY ROUNDUP Silver prices fell by 0.41 per cent to Rs 44,672 per kg in futures trade yesterday largely in tune with a weak trend overseas amid profit-booking by speculators. At MCX, silver for delivery in September traded lower by Rs 188, or 0.41%, to Rs 44,672 per kg in a business turnover of 781 lots. December silver declined by Rs 182, or 0.40 per cent, to Rs 45,541 per kg in a business volume of 28 lots. In the international market, silver traded 0.89% lower at $20.72 an ounce in New York in yesterday's trade. Apart from profitbooking by participants, a weak trend in global markets as the outlook for higher borrowing costs in the US strengthened the dollar and damped demand for an alternative investment, led to the fall in silver prices at futures trade.

U.S. crude oil extended gains after rising more than $1 the previous day after government data showed a sharp fall in U.S. crude stocks last week. U.S. crude CLc1 was up 0.3 percent at $101.53 a barrel.

TRADING STRATEGY: BUY SILVER SEP ABOVE 44800 TGTS 45000,45300 SL 44500 SELL SILVER SEP BELOW 44400 TGTS 44200,43900 SL 44700 GOLD

Aluminium held steady after touching a 16-month high on Wednesday in light of upbeat data from top consumer China amid producer cutbacks and eroding inventories.

Benchmark three-month aluminium CMAL3 on the London Metal Exchange was up 0.1 percent at $1,971 a tonne after surging to $1,993 on Wednesday, the highest since March 2013.

Shanghai copper fell to its lowest in a fortnight as jitters over a possible bond default in China's construction sector triggered a round of profit taking. The most-traded September copper contract on the Shanghai Futures Exchange SCFcv1 slid 1 percent to 50,050 yuan ($8,100)a tonne in overnight trade.

TRADING STRATEGY: BUY GOLD AUG ABOVE 27770 TGTS 27850,27950 SL 27670 SELL GOLD AUG BELOW 27560 TGTS 27480,27380 SL 27660 YOUR MINTVISORY

Lead futures rose marginally by 0.08% to Rs 132.25 per kg yesterday as participants enlarged positions amidst rising demand from battery-makers in the domestic spot market.

At MCX, lead for delivery in July traded higher by 10 paise, or 0.08%, to Rs 132.25 per kg, with a turnover of 432 lots.

The metal for delivery in August gained five paise, or 0.04%, to Rs 133.35 per kg in a business volume of 15 lots. Apart from domestic demand, particularly from battery-makers, the metal's gain at LME, influenced lead prices at futures trade.

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DAILY REPORT 17th JULY 2014

NCDEX

RECOMMENDATIONS DHANIYA

NCDEX INDICES Index

Value

% Change

Castor Seed

4106

-3.00

Chana

2772

-0.79

11445

+1.26

Cotton Seed Oilcake

1695

-0.94

Guarseed

5535

-0.09

11470

-0.04

Mustard seed

3574

+0.11

Soy Bean

3968

+0.18

Sugar M Grade

3007

+0.03

Turmeric

6228

-1.80

Coriander

Jeera

BUY DHANIYA AUG ABOVE 12075 TGTS 12105,12155 SL 12025 SELL DHANIYA AUG BELOW 11985 TGTS 11955,11905 SL 12035

NCDEX ROUNDUP With rising import of vegetable oils, tax evasion and other malpractices have also increased. Now trade circles reveal huge tax evasion by importers of the oils which is going uncaught. As per the estimates, in last six months Rs.150 crore of value added tax was evaded by giving wrong declaration in imports only on JNPT port in Mumbai.

GUARSEED Crude palm oil prices were up by 0.82% to Rs 524.40 per 10 kg in futures market yesterday as speculators enlarged their positions, driven by rising demand in the spot markets. At MCX, crude palm oil for delivery in July moved up by Rs 4.30, or 0.82%, to Rs 524.40 per 10 kg in business turnover of 153 lots. Similarly, the oil for delivery in August edged up

by Rs 4, or 0.78%, to Rs 515.50 per 10 kg in 117 lots. Fresh positions created by speculators following rising demand in the spot markets, mainly influenced crude palm oil prices at futures trade.

BUY GUARSEED AUG ABOVE 5670 TGTS 5700,5750 SL 5620 SELL GUARSEED AUG BELOW 5590 TGTS 5560,5510 SL 5640 YOUR MINTVISORY

Cardamom prices rose by Rs 6.20 to Rs 923.40 per kg in futures trade yesterday as speculators created fresh positions, supported by rising demand in the spot markets. At MCX, cardamom for delivery in August rose Rs 6.20, or 0.67%, to Rs 923.40 per kg in business turnover of 140 lots. Similarly, the spice for delivery in Sept. traded higher by Rs 4.50, or 0.45%, to Rs 904 per kg in 20 lots. Fresh positions created by speculators following pick up in demand in the spot markets against restricted arrivals from producing regions mainly led to the rise in cardamom prices at futures trade.

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DAILY REPORT 17th JULY 2014

CURRENCY

RBI Reference Rate Currency

Rate Currency

Rupee- $

60.1903 Yen-100

Euro

81.6560 GBP

EUR/INR

Rate

59.1900 103.1361

CURRENCY ROUNDUP The Indian rupee ended unchanged on Wednesday as the dollar strength overseas and greenback buying by state run banks were offset by gains in local shares. The rupee also did not move significantly after data showed India's exports in June rose 10.22 percent from a year earlier, as overall analysts called the numbers mixed.

The partially convertible rupee ended at 60.12/13 per dollar, unchanged from the Tuesday closing. The rupee continued to be weighed down by dollar demand from state-run banks for oil-and defence-related payments and by gains of the U.S. currency overseas following a comment by Federal Reserve head Janet Yellen that U.S. rates could rise sooner if employment continued to improve.

SELL EUR/INR BELOW 81.44 TGTS 81.29, 81.14 SL 81.64.

BUY EUR/INR ABOVE 81.76 TGTS 81.91, 82.06 SL 81.56.

In the offshore non-deliverable forwards, the one-month contract was at 60.31/41, while the three-month was at 60.82/92.

The dollar was higher against some peers following disappointing economic reports in Europe and comments by Federal Reserve Chair Janet Yellen before this week that suggested rate hikes may come sooner than expected with the economy showing signs of a recovery taking hold. The dollar traded little changed at 101.56 yen JPY= having gained about 0.4 percent so far this week against the Japanese unit. The euro EUR= stood at $1.3531, not far from a onemonth low of $1.3520 hit the previous day.

The euro wallowed at five-month lows against the yen on Thursday and held near a two-year trough on sterling, having weakened broadly overnight in a move that should provide some comfort to the European Central Bank.

USD/INR SELL USD/INR BELOW 60.16 TGTS 60.01, 59.86 SL 60.36.

BUY USD/INR ABOVE 60.45 TGTS 60.61, 60.76 SL 60.25.

YOUR MINTVISORY

U.S. benchmark Treasury yields edged lower on Wednesday, slipping back from an early boost delivered after data suggesting the world's largest economy is on solid footing.

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DAILY REPORT 17th JULY 2014

CALL REPORT PERFORMANCE UPDATES

Date

Commodity/ Currency Pairs

Contract

Strategy

Entry Level

Target

Stop Loss

Remark

16/07/14

MCX GOLD

AUG.

BUY

27900

27980-28080

27800

NOT EXECUTED

16/07/14

MCX GOLD

AUG.

SELL

27560

27480-27380

27660

NOT EXECUTED

16/07/14

MCX SILVER

SEP.

BUY

45250

45450-45750

46100

NOT EXECUTED

16/07/14

MCX SILVER

SEP.

SELL

44600

44400-44100

44900

BOOKED PROFIT

16/07/14

NCDEX GUARSEED

AUG.

BUY

5740

5770-5820

5690

NOT EXECUTED

16/07/14

NCDEX GUARSEED

AUG.

SELL

5645

5615-5565

5695

BOOKED PROFIT

16/07/14

NCDEX DHANIYA

AUG.

BUY

12000

12030-12080

11950

BOOKED FULL PROFIT

16/07/14

NCDEX DHANIYA

AUG.

SELL

11870

11840-11790

11920

NOT EXECUTED

16/07/14

JPY/INR

JULY

BUY

59.48

59.63-59.78

59.28

NOT EXECUTED

16/07/14

JPY/INR

JULY

SELL

59.03

58.88-58.73

59.23

NOT EXECUTED

16/07/14

GBP/INR

JULY

SELL

103.01

102.86-102.71

103.21

NOT EXECUTED

16/07/14

GBP/INR

JULY

BUY

103.44

103.59-103.74

103.24

SL TRIGGERED

CASH/ FUTURE/ OPTION

Strategy

Entry Level

Date

Scrip

Target

Stop Loss

Remark

07/07/14

NIFTY

FUTURE

BUY

7800

7850-7900

7750

CALL OPEN

07/07/14

TATACOMM

FUTURE

BUY

405-410

425-435

390

CALL OPEN

07/07/14

RELIANCE

FUTURE

BUY

1030-1040

1060-1090

1000

CALL OPEN

07/07/14

INDIAN BANK

CASH

BUY

190

193.5-197

186.5

NOT EXECUTED

04/07/14

NIFTY

FUTURE

BUY

7775

7825-7875

7725

CALL OPEN

04/07/14

GLENMARK

FUTURE

BUY

605-610

620-635

590

SL TRIGGERED

04/07/14

SAIL

FUTURE

SELL

95

92-89

98

CALL OPEN

03/07/14

NIFTY

FUTURE

BUY

7760

7810-7860

7710

CALL OPEN

01/07/14

IDFC

FUTURE

BUY

132-135

138-140

128

BOOKED FULL PROFIT

YOUR MINTVISORY

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DAILY REPORT ECONOMIC CALENDAR

17th JULY 2014

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

REPORT

PERIOD

ACTUAL

CONSENSUS FORECAST

PREVIOUS

MONDAY, JULY 14 NONE SCHEDULED TUESDAY, JULY 15 8:30 AM

RETAIL SALES

JUNE

0.6%

0.3%

8:30 AM

RETAIL SALES EX-AUTOS

JUNE

0.6%

0.1%

8:30 AM

IMPORT PRICE INDEX

JUNE

0.4%

0.1%

8:30 AM

EMPIRE STATE INDEX

JULY

17.9

19.3

10 AM

JANET YELLEN TESTIMONY

10 AM

BUSINESS INVENTORIES

MAY

0.6%

0.6%

WEDNESDAY, JULY 16 8:30 AM

PRODUCER PRICE INDEX

JUNE

0.2%

-0.2%

9:15 AM

INDUSTRIAL PRODUCTION

JUNE

0.2%

0.6%

9:15 AM

CAPACITY UTILIZATION

JUNE

79.2%

79.1%

10 AM

JANET YELLEN TESTIMONY

10 AM

HOME BUILDERS' INDEX

JULY

50

49

2 PM

BEIGE BOOK THURSDAY, JULY 17

8:30 AM

WEEKLY JOBLESS CLAIMS

7-12

N/A

304,000

8:30 AM

HOUSING STARTS

JUNE

1.00 MLN

1.00 MLN

10 AM

PHILLY FED

JULY

16.5

17.8

FRIDAY, JULY 18 9:55 AM

UMICH CONSUMER SENTIMENT

JULY

82.7

82.5

10 AM

LEADING INDICATORS

JUNE

--

0.5%

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