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DAILY REPORT
28th
MAY 2014
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance
Asian stocks inched higher on Wednesday and the dollar
held near an eight-week peak against a basket of curren-
cies, spurred by upbeat U.S. economic data and yet an-
other record close for the S&P 500. MSCI's broadest index
of Asia-Pacific shares outside Japan tacked on gained 0.15
%. Tokyo's Nikkei 0.2 %, and Australian stocks put on 0.3 %
in morning trade. The index for Hong Kong listings of China
companies on Tuesday had its biggest loss since May 9,
pulled down by weaker Chinese bank stocks. The Hang
Seng Index closed down 0.1 % at 22,944.30 points.
European shares rose to multi-year highs on Tuesday, bol-
stered by U.S. economic data, mergers and acquisitions
talk and expectations of more policy easing by the Euro-
pean Central Bank. FTSEurofirst 300 index closed 0.2 %
higher at 1,378.82 points after climbing to its highest since
early 2008.
Wall Street Update
U.S. stocks rose on Tuesday as the S&P 500 scored a sec-
ond straight record close, buoyed by the latest round of
merger activity and as expectations for rate cuts by the
European Central Bank stoked investors' appetite for equi-
ties. Advancing stocks outnumbered declining ones on the
New York Stock Exchange by a ratio of 2 to 1, while on the
Nasdaq, nearly three stocks rose for every one that fell.
The Dow Jones industrial average gained 69.23 points or
0.42 %, to end at 16,675.50. The S&P 500 advanced 11.38
points or 0.60 %, to 1,911.91, a record. The Nasdaq Com-
posite added 51.26 points or 1.22 %, to 4,237.07.
Previous day Roundup
The market ended on a weak note but the Nifty managed
to end above 7300. The Nifty was down 41.05 points at
7318.00. The Sensex was down 167.37 points at 24549.51.
About 1269 shares have advanced, 1669 shares declined,
and 119 shares are unchanged.
Index stats
The Market was very volatile in last session. The sartorial
indices performed as follow; Consumer Durables [down
50.39pts], Capital Goods [down 10.64pts], PSU [down
204.74pts], FMCG [down 6.29pts], Realty [down 16.82pts],
Power [down 47.60pts], Auto [down 193.75pts], Health-
care [up 24.76pts], IT [up 24.96pts], Metals [up 5.17pts],
TECK [up 10.20pts], Oil& Gas [down 218.65pts].
World Indices
Index Value % Change
D J l 16675.50 +0.42
S&P 500 1911.91 +0.60
NASDAQ 4237.07 +1.22
EURO STO 3244.28 +0.12
FTSE 100 6844.94 +0.43
Nikkei 225 14643.28 +0.05
Hong Kong 22987.07 +0.19
Top Gainers
Company CMP Change % Chg
JINDALSTEL 314.40 17.20 +5.79
TECHM 1852.00 46.60 +2.58
TATASTEEL 478.00 10.35 +2.21
INFY 3135.00 40.15 +1.30
LT 920.20 10.80 +1.19
Top Losers
Company CMP Change % Chg
GAIL 379.00 31.15 -7.59
BHEL 245.50 13.65 -5.27
PNB 990.80 32.05 -3.13
BANKBARODA 883.95 27.50 -3.02
IDFC 132.60 3.95 -2.89
Stocks at 52 Week’s high
Symbol Prev. Close Change %Chg
ADVANTA 278.75 16.00 +6.09
BHARATFORG 506.60 33.65 +7.11
JINDALSTEL 314.40 17.20 +5.79
JUBILANT 187.40 1.35 +0.73
POLARIS 216.95 15.85 +7.88
Indian Indices
Company CMP Change % Chg
NIFTY 7318.00 -41.05 -0.56
SENSEX 24549.51 -167.37 -0.68
Stocks at 52 Week’s Low
Symbol Prev. Close Change %Chg
DAILY REPORT
28th
MAY 2014
YOUR MINTVISORY Call us at +91-731-6642300
STOCK RECOMMENDATIONS [FUTURE]
1. JINDAL STEEL [FUTURE]
JINDAL STEEL FUTURE is looking strong on charts, long build
up has been seen, we may see more upside, if it sustains
above 310 levels. We advise buying around 305-310 levels
with strict stop loss 300 for the targets of 315-320.
2. AUROPHARMA [FUTURE]
AUROPHARMA FUTURE is looking strong on charts, long
build up has been seen, we may see more upside, if it sus-
tains above 640 levels. We advise buying around 635-640
levels with strict stop loss 625 for the targets of 655-670.
EQUITY CASH & FUTURE
STOCK RECOMMENDATION [CASH]
1. PIDILITE LTD.
PIDILITE IND week on daily chart. We advise selling below
319 levels with strict stop loss of 325 for the targets of 315-
310
MACRO NEWS
Mauritius to provide automatic tax information exchange
for India.
Providing importers with greater flexibility in hedging,
Reserve Bank yesterday allowed them book forward for-
eign exchange contracts up to 50 % of the eligible limit.
Alstom commissions NHPC's Uri project in Jammu & Kash-
mir
India Cements’ standalone net loss at Rs 30.56 cr for the
fourth quarter ended March 31, 2014. It had reported Rs
26.28 cr net profit in the year ago period.
Jubilant Life earnings saw a spectacular growth in March
quarter. Its consolidated net profit stood at Rs 98.81 cr for
Q4 ended March 31, 2014, against a net loss of Rs 30.97cr
in corresponding period of previous fiscal. Net sales rose
to Rs 1,551.62cr for Q4, compared to Rs 1,380.18cr in the
same period of previous fiscal.
A decision on diluting government stake in steel PSUs will
be taken only after considering the national interest.
JSW Steel reported a consolidated net profit at Rs 482.83
cr for Q4 of last financial year on the back of higher sales.
Net profit of the company had stood at Rs 295.91 cr in
same period of last fiscal.
DAILY REPORT
28th
MAY 2014
YOUR MINTVISORY Call us at +91-731-6642300
FUTURE & OPTION
MOST ACTIVE PUT OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts
)
Open
Interest
NIFTY PE 7,300 33.1 5,70,900 29,50,550
NIFTY PE 7,200 8.7 4,10,601 31,69,400
NIFTY PE 7,400 97 1,83,415 14,72,550
BANKNIFTY PE 15,000 90 36,495 1,89,325
SBIN PE 2,500 4 3,120 3,91,250
DLF PE 200 3.4 2,653 11,00,000
MCDOWELL-N PE 2,800 10.1 2,291 6,95,500
TATASTEEL PE 470 3.55 1,978 4,25,000
MOST ACTIVE CALL OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 7,400 12.4 6,93,018 56,14,900
NIFTY CE 7,300 44 4,36,183 41,11,250
NIFTY CE 7,500 3.3 3,56,002 67,68,600
BANKNIFTY CE 15,500 18 31,851 2,99,450
SBIN CE 2,700 8.85 12,317 3,47,625
RELIANCE CE 1,100 10.75 6,060 11,87,750
MCDOWELL-N CE 2,800 16.1 5,136 11,52,625
INFY CE 3,100 32 3,776 3,17,250
FII DERIVATIVES STATISTICS
BUY OPEN INTEREST AT THE END OF THE DAYSELL
No. of
Contracts
Amount in
Crores
No. of
Contracts
Amount in
Crores
No. of
Contracts
Amount in
Crores
NET AMOUNT
INDEX FUTURES 145352 5356.72 145165 5341.17 531495 19563.89 15.56
INDEX OPTIONS 562232 20666.37 569048 20896.20 2513239 92113.38 -229.83
STOCK FUTURES 419242 14885.84 444396 15887.97 1557229 55085.91 -1002.13
STOCK OPTIONS 84978 3227.75 85920 3281.61 139639 5143.35 -53.86
TOTAL -1270.26
INDICES R2 R1 PIVOT S1 S2
NIFTY 7,420.10 7,369.05 7,321.90 7,270.85 7,223.70
BANK NIFTY 15,282.57 15,183.28 15,059.12 14,959.83 14,835.67
STOCKS IN NEWS
Larsen & Toubro inks technology transfer pact with
Japan Steel Works.
India's Jet Airways approved of 3-year business plan to
reshape the airline
Wockhardt says FDA raises concern over U.S. unit
Yes Bank has hired Deutsche Bank and GoldmanSachs
for its qualified institutional placement of up to
US$500m. Other banks are likely to join the transac-
tion.
NIFTY FUTURE
Nifty Future closed in the red the last trading session. We
advise selling around 7270 levels with strict stop loss of
7300 for the targets of 7230-7200
DAILY REPORT
28th
MAY 2014
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
SILVER
TRADING STRATEGY:
BUY SILVER ABOVE 40600 TGT 40800,41150 SL BELOW
40250
SELL SILVER BELOW 40250 TGT 40050,39700 SL ABOVE
40600
GOLD
TRADING STRATEGY:
BUY GOLD ABOVE 27050 TGT 27130,27230 SL BELOW
26950
SELL GOLD BELOW 26870 TGT 26790,26690 SL ABOVE
26970
COMMODITY ROUNDUP
Crude prices up after escalation in Ukraine crisis. Crude oil
futures edged lower on Tuesday as traders took profit af-
ter a long holiday weekend, with prices supported by vio-
lence in Ukraine and expectations for a draw on U.S. crude
stocks at the Cushing, Oklahoma hub. US benchmark, West
Texas Intermediate (WTI) for delivery in July, rose two
cents to $104.37 in late-morning trade while Brent North
Sea crude for July delivery rose 23 cents to $110.55 per
barrel. Financial markets in the United States and Britain
were closed Monday for public holidays.
Investors fear a full-blown conflict in the ex-Soviet state, a
conduit for a quarter of European gas imports from Russia,
will disrupt supplies and send energy prices soaring.
Gold prices are set to drop further in the domestic market,
owing to the rupee’s appreciation. Last week, the RBI had
eased import norms for gold; it is expected the move will
continue to have a bearing on prices. RBI also allowed
some trading houses to import gold; it is expected this will
increase the availability of gold in the domestic market.
Amid a weakening trend overseas, silver prices fell 0.38%
to Rs 41,025 per kg in futures trade yesterday as specula-
tors trimmed positions. At the MCX, silver for delivery in
July traded lower by Rs 158, or 0.38%, to Rs 41,025 per kg
in business turnover of 530 lots. Similarly, the white metal
for delivery in September declined by Rs 143, or 0.35%, to
Rs 41,080 per kg in business volume of 20 lots. In the inter-
national market, silver traded 0.20% lower at $19.39 an
ounce in Singapore. A weak trend in precious metals in the
global markets, weighed on silver futures here.
Nickel prices rose further by 0.18% to Rs 1156.20 per kg in
futures trading yesterday. At the MCX, nickel for delivery
in June rose by Rs 2.10, or 0.18%, to Rs 1,156.20 per kg in
business turnover of 149 lots. Likewise, the metal for deliv-
ery in May contracts inched up by Rs 1.50, or 0.13% to Rs
1,154 per kg in 508 lots. Apart from rising domestic de-
mand, particularly from alloy-makers, firming trend global
markets mainly supported the upside in nickel prices at
futures trade. Meanwhile, nickel added 0.5% to 19,600
dollar a metric tonne on the London Metal Exchange.
COMMODITY MCX
DAILY REPORT
28th
MAY 2014
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
DHANIYA
BUY DHANIYA JUN ABOVE 9480 TGTS 9510,9560 SL 9430
SELL DHANIYA JUN BELOW 9375 TGTS 9345,9295 SL 9415
GUARSEED
BUY GUARSEED JUN ABOVE 5250 TGTS 5280,5330 SL 5200
SELL GUARSEED JUN BELOW 5185 TGTS 5155,5105 SL 5225
NCDEX
NCDEX INDICES
Index Value % Change
Castor Seed 3844 -1.49
Chana 2790 -2.11
Coriander 9445 +0.20
Cotton Seed Oilcake 1506 +0.20
Guarseed 5230 +1.06
Jeera 11055 +0.73
Mustard seed 3442 +0.47
Soy Bean 4536 -0.55
Sugar M Grade 2991 -0.20
Turmeric 6054 -2.17
NCDEX ROUNDUP
Sugar industry body ISMA seeks hike in import duty to 40%
from 15%.
Indian tea faces stiff competition from lower priced Kenyan
tea in Pakistan
Potato prices fell by 0.63% to Rs 1,324.60 per quintal in fu-
tures trade yesterday as speculators offloaded their posi-
tions due to fresh arrivals from producing regions. At the
MCX, potato prices for June contract fell by Rs 8.40, or
0.63%, to Rs 1,324.60 per quintal, with a business volume of
21 lots. The potato for delivery in July declined by Rs 6.90,
or 0.50%, to Rs 1,362.60 per quintal, with a trading volume
of 22 lots. Offloading of positions by speculators at existing
higher levels amidst higher supplies in the spot markets,
mainly pulled down potato prices.
Wheat futures are likely to encounter fresh selling from
higher levels due to anticipation of higher procurement in
the current season along with thin offtake by millers at
higher levels. The NCDEX futures are likely to test 1551-
1555 levels in the near term. The NCDEX July futures settled
at Rs 1567 per quintal in the last trading, down Rs 12 from
the last day. Technically, prices are likely to witness some
selling from 1575-1577 levels with the downside target of
1551-1555 levels in the near term.
RECOMMENDATIONS
DHANIYA
BUY DHANIYA JUN ABOVE 9480 TGTS 9510,9560 SL 9430
SELL DHANIYA JUN BELOW 9375 TGTS 9345,9295 SL 9415
GUARSEED
BUY GUARSEED JUN ABOVE 5250 TGTS 5280,5330 SL 5200
SELL GUARSEED JUN BELOW 5185 TGTS 5155,5105 SL 5225
DAILY REPORT
28th
MAY 2014
YOUR MINTVISORY Call us at +91-731-6642300
JPY/INR
BUY GBP/INR ABOVE 99.07 TGTS 99.22, 99.37 SL 98.86.
SELL GBP/INR BELOW 98.34 TGTS 98.19, 98.04 SL 98.49.
EUR/INR
BUY USD/INR ABOVE 58.85 TGTS 59.00, 59.15 SL 58.64.
SELL USD/INR BELOW 58.34 TGTS 58.19, 58.04 SL 58.49.
CURRENCY ROUNDUP
The Indian rupee saw its biggest decline in a month on Mon-
day as investors covered short dollar positions ahead of the
swearing in ceremony of PM-designate Narendra Modi,
with all eyes set on the allocation of key portfolios.
The partially convertible rupee closed at 58.71/72 per dollar
compared to 58.52/53 on Friday. The unit moved in a wide
band of 58.41 to 58.93 during the session. The rupee
dropped 0.3% on the day, in its biggest single-day fall since
April 23. The central bank was spotted buying dollars via
state-run banks after the rupee touched session highs while
it was also actively intervening in the forwards market.
In the onshore forwards, the one-year forward premium
rose to as much as 471.75 points from 463.25 points at pre-
vious close while the six-month premium rose as high as
249 points from 243.50 points. In the offshore non-
deliverable forwards, the one-month contract was at 58.93
while the three-month was at 59.51.
The euro was little changed near three-month lows against
the dollar on Monday after ECB President Mario Draghi said
the bank saw a risk of a deflationary cycle taking hold in the
euro zone, the latest indication that the bank could ease
monetary policy at its upcoming meeting next week. The
Euro quotes at $1.3643, up 0.09%. The US dollar index
quotes at 80.35, down 0.09%. The euro last stood at
$1.3648, slightly up on the day but still not far from a three-
month low of $1.3615 plumbed on Monday. Against the
yen, it was also steady at 139.09 yen. The yen was steady
against the dollar, which bought 101.93 and remained not
far from its 1-1/2 week high of 102.05 marked on Monday.
HSBC said that the sentiment in the foreign exchange mar-
ket in India continues to be positive and expects the Re-
serve Bank of India (RBI) to continue to buy US dollars until
the time it covers the FCNR (B) deposits of last year.
CURRENCY
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 59.8773 Yen-100 58.5500
Euro 82.4035 GBP 100.9831
DAILY REPORT
28th
MAY 2014
YOUR MINTVISORY Call us at +91-731-6642300
CALL REPORT
PERFORMANCE UPDATES
Date
Commodity/ Currency
Pairs
Contract Strategy Entry Level Target Stop Loss Remark
27/05/14 MCX GOLD JUNE BUY 27520 27600-27700 27420 SL TRIGGERED
27/05/14 MCX GOLD JUNE SELL 27390 27310-27210 27500
BOOKED FULL
PROFIT
27/05/14 MCX SILVER JULY BUY 41230 41430-41730 40900 NOT EXECUTED
27/05/14 MCX SILVER JULY SELL 41050 40850-40550 41380
BOOKED FULL
PROFIT
27/05/14 NCDEX GUARSEED JUNE BUY 5265 5295-5345 5215 SL TRIGGERED
27/05/14 NCDEX GUARSEED JUNE SELL 5160 5130-5080 5210 SL TRIGGERED
27/05/14 NCDEX DHANIYA JUNE BUY 9460 9490-9540 9410 NOT EXECUTED
27/05/14 NCDEX DHANIYA JUNE SELL 9385 9355-9305 9435 SL TRIGGERED
27/05/14 GBP/INR MAY BUY 99.07 99.22-99.37 98.86 SL TRIGGERED
27/05/14 GBPINR MAY SELL 98.34 98.19-98.04 98.49 NOT EXECUTED
27/05/14 USD/INR MAY SELL 58.34 58.19-58.04 58.49 NOT EXECUTED
27/05/14 USD/INR MAY BUY 58.85 59.00-59.15 58.64 BOOKED PROFIT
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
27/05/14 NIFTY FUTURE SELL 7270 7230-7200 7300 NOT EXECUTED
27/05/14 SSLT FUTURE BUY 277-280 284-288 272 SL TRIGGERED
27/05/14 ARVIND FUTURE SELL 188-190 182-178 195 CALL OPEN
27/05/14 TORRENT PHARMA CASH SELL 593 580-570 600 NOT EXECUTED
26/05/14 EMAMI LTD CASH BUY 464 480-495 450 CALL OPEN
23/05/14 ZEE FUTURE SELL 276-275 265-260 285 CALL OPEN
DAILY REPORT
28th
MAY 2014
YOUR MINTVISORY Call us at +91-731-6642300
NEXT WEEK'S U.S. ECONOMIC REPORTS
ECONOMIC CALENDAR
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 invest-
ment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular invest-
ments 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
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Disclaimer
TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS
MONDAY, MAY 26
MEMORIAL DAY NONE SCHEDULED
TUESDAY, MAY 27
8:30 AM DURABLE GOODS ORDERS APRIL 0.4% 2.5%
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
WEDNESDAY, MAY 28
NONE SCHEDULED
THURSDAY, MAY 29
8:30 AM JOBLESS CLAIMS 5/24 N/A N/A
8:30 AM GDP REVISION Q1 -0.6% -0.1%
10 AM PENDING HOME SALES APRIL -- 3.4%
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

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Stock market special report by epic research 28th may 2014

  • 1. DAILY REPORT 28th MAY 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Asian stocks inched higher on Wednesday and the dollar held near an eight-week peak against a basket of curren- cies, spurred by upbeat U.S. economic data and yet an- other record close for the S&P 500. MSCI's broadest index of Asia-Pacific shares outside Japan tacked on gained 0.15 %. Tokyo's Nikkei 0.2 %, and Australian stocks put on 0.3 % in morning trade. The index for Hong Kong listings of China companies on Tuesday had its biggest loss since May 9, pulled down by weaker Chinese bank stocks. The Hang Seng Index closed down 0.1 % at 22,944.30 points. European shares rose to multi-year highs on Tuesday, bol- stered by U.S. economic data, mergers and acquisitions talk and expectations of more policy easing by the Euro- pean Central Bank. FTSEurofirst 300 index closed 0.2 % higher at 1,378.82 points after climbing to its highest since early 2008. Wall Street Update U.S. stocks rose on Tuesday as the S&P 500 scored a sec- ond straight record close, buoyed by the latest round of merger activity and as expectations for rate cuts by the European Central Bank stoked investors' appetite for equi- ties. Advancing stocks outnumbered declining ones on the New York Stock Exchange by a ratio of 2 to 1, while on the Nasdaq, nearly three stocks rose for every one that fell. The Dow Jones industrial average gained 69.23 points or 0.42 %, to end at 16,675.50. The S&P 500 advanced 11.38 points or 0.60 %, to 1,911.91, a record. The Nasdaq Com- posite added 51.26 points or 1.22 %, to 4,237.07. Previous day Roundup The market ended on a weak note but the Nifty managed to end above 7300. The Nifty was down 41.05 points at 7318.00. The Sensex was down 167.37 points at 24549.51. About 1269 shares have advanced, 1669 shares declined, and 119 shares are unchanged. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 50.39pts], Capital Goods [down 10.64pts], PSU [down 204.74pts], FMCG [down 6.29pts], Realty [down 16.82pts], Power [down 47.60pts], Auto [down 193.75pts], Health- care [up 24.76pts], IT [up 24.96pts], Metals [up 5.17pts], TECK [up 10.20pts], Oil& Gas [down 218.65pts]. World Indices Index Value % Change D J l 16675.50 +0.42 S&P 500 1911.91 +0.60 NASDAQ 4237.07 +1.22 EURO STO 3244.28 +0.12 FTSE 100 6844.94 +0.43 Nikkei 225 14643.28 +0.05 Hong Kong 22987.07 +0.19 Top Gainers Company CMP Change % Chg JINDALSTEL 314.40 17.20 +5.79 TECHM 1852.00 46.60 +2.58 TATASTEEL 478.00 10.35 +2.21 INFY 3135.00 40.15 +1.30 LT 920.20 10.80 +1.19 Top Losers Company CMP Change % Chg GAIL 379.00 31.15 -7.59 BHEL 245.50 13.65 -5.27 PNB 990.80 32.05 -3.13 BANKBARODA 883.95 27.50 -3.02 IDFC 132.60 3.95 -2.89 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg ADVANTA 278.75 16.00 +6.09 BHARATFORG 506.60 33.65 +7.11 JINDALSTEL 314.40 17.20 +5.79 JUBILANT 187.40 1.35 +0.73 POLARIS 216.95 15.85 +7.88 Indian Indices Company CMP Change % Chg NIFTY 7318.00 -41.05 -0.56 SENSEX 24549.51 -167.37 -0.68 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg
  • 2. DAILY REPORT 28th MAY 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. JINDAL STEEL [FUTURE] JINDAL STEEL FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 310 levels. We advise buying around 305-310 levels with strict stop loss 300 for the targets of 315-320. 2. AUROPHARMA [FUTURE] AUROPHARMA FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sus- tains above 640 levels. We advise buying around 635-640 levels with strict stop loss 625 for the targets of 655-670. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. PIDILITE LTD. PIDILITE IND week on daily chart. We advise selling below 319 levels with strict stop loss of 325 for the targets of 315- 310 MACRO NEWS Mauritius to provide automatic tax information exchange for India. Providing importers with greater flexibility in hedging, Reserve Bank yesterday allowed them book forward for- eign exchange contracts up to 50 % of the eligible limit. Alstom commissions NHPC's Uri project in Jammu & Kash- mir India Cements’ standalone net loss at Rs 30.56 cr for the fourth quarter ended March 31, 2014. It had reported Rs 26.28 cr net profit in the year ago period. Jubilant Life earnings saw a spectacular growth in March quarter. Its consolidated net profit stood at Rs 98.81 cr for Q4 ended March 31, 2014, against a net loss of Rs 30.97cr in corresponding period of previous fiscal. Net sales rose to Rs 1,551.62cr for Q4, compared to Rs 1,380.18cr in the same period of previous fiscal. A decision on diluting government stake in steel PSUs will be taken only after considering the national interest. JSW Steel reported a consolidated net profit at Rs 482.83 cr for Q4 of last financial year on the back of higher sales. Net profit of the company had stood at Rs 295.91 cr in same period of last fiscal.
  • 3. DAILY REPORT 28th MAY 2014 YOUR MINTVISORY Call us at +91-731-6642300 FUTURE & OPTION MOST ACTIVE PUT OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts ) Open Interest NIFTY PE 7,300 33.1 5,70,900 29,50,550 NIFTY PE 7,200 8.7 4,10,601 31,69,400 NIFTY PE 7,400 97 1,83,415 14,72,550 BANKNIFTY PE 15,000 90 36,495 1,89,325 SBIN PE 2,500 4 3,120 3,91,250 DLF PE 200 3.4 2,653 11,00,000 MCDOWELL-N PE 2,800 10.1 2,291 6,95,500 TATASTEEL PE 470 3.55 1,978 4,25,000 MOST ACTIVE CALL OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 7,400 12.4 6,93,018 56,14,900 NIFTY CE 7,300 44 4,36,183 41,11,250 NIFTY CE 7,500 3.3 3,56,002 67,68,600 BANKNIFTY CE 15,500 18 31,851 2,99,450 SBIN CE 2,700 8.85 12,317 3,47,625 RELIANCE CE 1,100 10.75 6,060 11,87,750 MCDOWELL-N CE 2,800 16.1 5,136 11,52,625 INFY CE 3,100 32 3,776 3,17,250 FII DERIVATIVES STATISTICS BUY OPEN INTEREST AT THE END OF THE DAYSELL No. of Contracts Amount in Crores No. of Contracts Amount in Crores No. of Contracts Amount in Crores NET AMOUNT INDEX FUTURES 145352 5356.72 145165 5341.17 531495 19563.89 15.56 INDEX OPTIONS 562232 20666.37 569048 20896.20 2513239 92113.38 -229.83 STOCK FUTURES 419242 14885.84 444396 15887.97 1557229 55085.91 -1002.13 STOCK OPTIONS 84978 3227.75 85920 3281.61 139639 5143.35 -53.86 TOTAL -1270.26 INDICES R2 R1 PIVOT S1 S2 NIFTY 7,420.10 7,369.05 7,321.90 7,270.85 7,223.70 BANK NIFTY 15,282.57 15,183.28 15,059.12 14,959.83 14,835.67 STOCKS IN NEWS Larsen & Toubro inks technology transfer pact with Japan Steel Works. India's Jet Airways approved of 3-year business plan to reshape the airline Wockhardt says FDA raises concern over U.S. unit Yes Bank has hired Deutsche Bank and GoldmanSachs for its qualified institutional placement of up to US$500m. Other banks are likely to join the transac- tion. NIFTY FUTURE Nifty Future closed in the red the last trading session. We advise selling around 7270 levels with strict stop loss of 7300 for the targets of 7230-7200
  • 4. DAILY REPORT 28th MAY 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER ABOVE 40600 TGT 40800,41150 SL BELOW 40250 SELL SILVER BELOW 40250 TGT 40050,39700 SL ABOVE 40600 GOLD TRADING STRATEGY: BUY GOLD ABOVE 27050 TGT 27130,27230 SL BELOW 26950 SELL GOLD BELOW 26870 TGT 26790,26690 SL ABOVE 26970 COMMODITY ROUNDUP Crude prices up after escalation in Ukraine crisis. Crude oil futures edged lower on Tuesday as traders took profit af- ter a long holiday weekend, with prices supported by vio- lence in Ukraine and expectations for a draw on U.S. crude stocks at the Cushing, Oklahoma hub. US benchmark, West Texas Intermediate (WTI) for delivery in July, rose two cents to $104.37 in late-morning trade while Brent North Sea crude for July delivery rose 23 cents to $110.55 per barrel. Financial markets in the United States and Britain were closed Monday for public holidays. Investors fear a full-blown conflict in the ex-Soviet state, a conduit for a quarter of European gas imports from Russia, will disrupt supplies and send energy prices soaring. Gold prices are set to drop further in the domestic market, owing to the rupee’s appreciation. Last week, the RBI had eased import norms for gold; it is expected the move will continue to have a bearing on prices. RBI also allowed some trading houses to import gold; it is expected this will increase the availability of gold in the domestic market. Amid a weakening trend overseas, silver prices fell 0.38% to Rs 41,025 per kg in futures trade yesterday as specula- tors trimmed positions. At the MCX, silver for delivery in July traded lower by Rs 158, or 0.38%, to Rs 41,025 per kg in business turnover of 530 lots. Similarly, the white metal for delivery in September declined by Rs 143, or 0.35%, to Rs 41,080 per kg in business volume of 20 lots. In the inter- national market, silver traded 0.20% lower at $19.39 an ounce in Singapore. A weak trend in precious metals in the global markets, weighed on silver futures here. Nickel prices rose further by 0.18% to Rs 1156.20 per kg in futures trading yesterday. At the MCX, nickel for delivery in June rose by Rs 2.10, or 0.18%, to Rs 1,156.20 per kg in business turnover of 149 lots. Likewise, the metal for deliv- ery in May contracts inched up by Rs 1.50, or 0.13% to Rs 1,154 per kg in 508 lots. Apart from rising domestic de- mand, particularly from alloy-makers, firming trend global markets mainly supported the upside in nickel prices at futures trade. Meanwhile, nickel added 0.5% to 19,600 dollar a metric tonne on the London Metal Exchange. COMMODITY MCX
  • 5. DAILY REPORT 28th MAY 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS DHANIYA BUY DHANIYA JUN ABOVE 9480 TGTS 9510,9560 SL 9430 SELL DHANIYA JUN BELOW 9375 TGTS 9345,9295 SL 9415 GUARSEED BUY GUARSEED JUN ABOVE 5250 TGTS 5280,5330 SL 5200 SELL GUARSEED JUN BELOW 5185 TGTS 5155,5105 SL 5225 NCDEX NCDEX INDICES Index Value % Change Castor Seed 3844 -1.49 Chana 2790 -2.11 Coriander 9445 +0.20 Cotton Seed Oilcake 1506 +0.20 Guarseed 5230 +1.06 Jeera 11055 +0.73 Mustard seed 3442 +0.47 Soy Bean 4536 -0.55 Sugar M Grade 2991 -0.20 Turmeric 6054 -2.17 NCDEX ROUNDUP Sugar industry body ISMA seeks hike in import duty to 40% from 15%. Indian tea faces stiff competition from lower priced Kenyan tea in Pakistan Potato prices fell by 0.63% to Rs 1,324.60 per quintal in fu- tures trade yesterday as speculators offloaded their posi- tions due to fresh arrivals from producing regions. At the MCX, potato prices for June contract fell by Rs 8.40, or 0.63%, to Rs 1,324.60 per quintal, with a business volume of 21 lots. The potato for delivery in July declined by Rs 6.90, or 0.50%, to Rs 1,362.60 per quintal, with a trading volume of 22 lots. Offloading of positions by speculators at existing higher levels amidst higher supplies in the spot markets, mainly pulled down potato prices. Wheat futures are likely to encounter fresh selling from higher levels due to anticipation of higher procurement in the current season along with thin offtake by millers at higher levels. The NCDEX futures are likely to test 1551- 1555 levels in the near term. The NCDEX July futures settled at Rs 1567 per quintal in the last trading, down Rs 12 from the last day. Technically, prices are likely to witness some selling from 1575-1577 levels with the downside target of 1551-1555 levels in the near term. RECOMMENDATIONS DHANIYA BUY DHANIYA JUN ABOVE 9480 TGTS 9510,9560 SL 9430 SELL DHANIYA JUN BELOW 9375 TGTS 9345,9295 SL 9415 GUARSEED BUY GUARSEED JUN ABOVE 5250 TGTS 5280,5330 SL 5200 SELL GUARSEED JUN BELOW 5185 TGTS 5155,5105 SL 5225
  • 6. DAILY REPORT 28th MAY 2014 YOUR MINTVISORY Call us at +91-731-6642300 JPY/INR BUY GBP/INR ABOVE 99.07 TGTS 99.22, 99.37 SL 98.86. SELL GBP/INR BELOW 98.34 TGTS 98.19, 98.04 SL 98.49. EUR/INR BUY USD/INR ABOVE 58.85 TGTS 59.00, 59.15 SL 58.64. SELL USD/INR BELOW 58.34 TGTS 58.19, 58.04 SL 58.49. CURRENCY ROUNDUP The Indian rupee saw its biggest decline in a month on Mon- day as investors covered short dollar positions ahead of the swearing in ceremony of PM-designate Narendra Modi, with all eyes set on the allocation of key portfolios. The partially convertible rupee closed at 58.71/72 per dollar compared to 58.52/53 on Friday. The unit moved in a wide band of 58.41 to 58.93 during the session. The rupee dropped 0.3% on the day, in its biggest single-day fall since April 23. The central bank was spotted buying dollars via state-run banks after the rupee touched session highs while it was also actively intervening in the forwards market. In the onshore forwards, the one-year forward premium rose to as much as 471.75 points from 463.25 points at pre- vious close while the six-month premium rose as high as 249 points from 243.50 points. In the offshore non- deliverable forwards, the one-month contract was at 58.93 while the three-month was at 59.51. The euro was little changed near three-month lows against the dollar on Monday after ECB President Mario Draghi said the bank saw a risk of a deflationary cycle taking hold in the euro zone, the latest indication that the bank could ease monetary policy at its upcoming meeting next week. The Euro quotes at $1.3643, up 0.09%. The US dollar index quotes at 80.35, down 0.09%. The euro last stood at $1.3648, slightly up on the day but still not far from a three- month low of $1.3615 plumbed on Monday. Against the yen, it was also steady at 139.09 yen. The yen was steady against the dollar, which bought 101.93 and remained not far from its 1-1/2 week high of 102.05 marked on Monday. HSBC said that the sentiment in the foreign exchange mar- ket in India continues to be positive and expects the Re- serve Bank of India (RBI) to continue to buy US dollars until the time it covers the FCNR (B) deposits of last year. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 59.8773 Yen-100 58.5500 Euro 82.4035 GBP 100.9831
  • 7. DAILY REPORT 28th MAY 2014 YOUR MINTVISORY Call us at +91-731-6642300 CALL REPORT PERFORMANCE UPDATES Date Commodity/ Currency Pairs Contract Strategy Entry Level Target Stop Loss Remark 27/05/14 MCX GOLD JUNE BUY 27520 27600-27700 27420 SL TRIGGERED 27/05/14 MCX GOLD JUNE SELL 27390 27310-27210 27500 BOOKED FULL PROFIT 27/05/14 MCX SILVER JULY BUY 41230 41430-41730 40900 NOT EXECUTED 27/05/14 MCX SILVER JULY SELL 41050 40850-40550 41380 BOOKED FULL PROFIT 27/05/14 NCDEX GUARSEED JUNE BUY 5265 5295-5345 5215 SL TRIGGERED 27/05/14 NCDEX GUARSEED JUNE SELL 5160 5130-5080 5210 SL TRIGGERED 27/05/14 NCDEX DHANIYA JUNE BUY 9460 9490-9540 9410 NOT EXECUTED 27/05/14 NCDEX DHANIYA JUNE SELL 9385 9355-9305 9435 SL TRIGGERED 27/05/14 GBP/INR MAY BUY 99.07 99.22-99.37 98.86 SL TRIGGERED 27/05/14 GBPINR MAY SELL 98.34 98.19-98.04 98.49 NOT EXECUTED 27/05/14 USD/INR MAY SELL 58.34 58.19-58.04 58.49 NOT EXECUTED 27/05/14 USD/INR MAY BUY 58.85 59.00-59.15 58.64 BOOKED PROFIT Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 27/05/14 NIFTY FUTURE SELL 7270 7230-7200 7300 NOT EXECUTED 27/05/14 SSLT FUTURE BUY 277-280 284-288 272 SL TRIGGERED 27/05/14 ARVIND FUTURE SELL 188-190 182-178 195 CALL OPEN 27/05/14 TORRENT PHARMA CASH SELL 593 580-570 600 NOT EXECUTED 26/05/14 EMAMI LTD CASH BUY 464 480-495 450 CALL OPEN 23/05/14 ZEE FUTURE SELL 276-275 265-260 285 CALL OPEN
  • 8. DAILY REPORT 28th MAY 2014 YOUR MINTVISORY Call us at +91-731-6642300 NEXT WEEK'S U.S. ECONOMIC REPORTS ECONOMIC CALENDAR 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 invest- ment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular invest- ments 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 ex- pressed 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. Disclaimer TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS MONDAY, MAY 26 MEMORIAL DAY NONE SCHEDULED TUESDAY, MAY 27 8:30 AM DURABLE GOODS ORDERS APRIL 0.4% 2.5% 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 WEDNESDAY, MAY 28 NONE SCHEDULED THURSDAY, MAY 29 8:30 AM JOBLESS CLAIMS 5/24 N/A N/A 8:30 AM GDP REVISION Q1 -0.6% -0.1% 10 AM PENDING HOME SALES APRIL -- 3.4% 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