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Stock market special report by epic research 4th june 2014
1. DAILY REPORT
04th
JUNE 2014
YOUR MINTVISORY Call us at +91-731-6642300
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 2-
month 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.
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
Previous day Roundup
Equity benchmarks ended at record closing highs on Tues-
day 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 50-
share 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.
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].
World Indices
Index Value % Change
D J l 16772.34 -0.13
S&P 500 1924.24 -0.04
NASDAQ 4234.08 -0.07
EURO STO 3241.04 -0.21
FTSE 100 6836.56 -0.41
Nikkei 225 15008.56 -0.17
Hong Kong 23175.08 -0.50
Top Gainers
Company CMP Change % Chg
TATASTEEL 526.00 33.10 +6.72
SSLT 296.75 16.75 +5.98
CAOLINDIA 394.40 21.05 +5.64
DLF 220.25 10.90 +5.21
GRASIM 3323.40 162.95 +5.16
Top Losers
Company CMP Change % Chg
DRREDDY 2339.00 74.95 -3.10
HSLTECH 1349.15 33.65 -2.43
INDUSINDBANK 539.35 13.05 -2.36
GAIL 382.50 8.25 -2.11
KOTAKBANK 872.35 14.25 -1.61
Stocks at 52 Weekโs high
Symbol Prev. Close Change %Chg
BHARATFORG 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
Indian Indices
Company CMP Change % Chg
NIFTY 7415.85 +53.35 +0.72
SENSEX 24858.59 +173.74 +0.70
Stocks at 52 Weekโs Low
Symbol Prev. Close Change %Chg
MINDTREE 773.00 1.00 -0.13
2. DAILY REPORT
04th
JUNE 2014
YOUR MINTVISORY Call us at +91-731-6642300
STOCK RECOMMENDATIONS [FUTURE]
1. TATASTEEL [FUTURE]
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]
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.
EQUITY CASH & FUTURE
STOCK RECOMMENDATION [CASH]
1. UFLEX
UFLEX in overbought zone. We advise selling around 115-
114 tgt 110-105 sl 120
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 manu-
facturing & mining output.
Essar Projects inks deal with Saudi firm Mohammed Al-
Mojil 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 As-
cend Telecom.
3. DAILY REPORT
04th
JUNE 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 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
MOST ACTIVE CALL OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
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 3,39,000
ICICIBANK CE 1,500 22.85 2,797 5,35,250
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 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 R2 R1 PIVOT S1 S2
NIFTY 7,477.12 7,446.48 7,394.32 7,363.68 7,311.52
BANK NIFTY 15,538.90 15,398.20 15,273.35 15,132.65 15,007.80
STOCKS IN NEWS
Jaypee Power Ventures, Lanco Infratech, GMR Infra-
structure, others queue up to sell power assets to
NTPC
USFDA finds procedural lapses at Wockhardt's US facil-
ity
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 .
NIFTY FUTURE
Nifty Future closed upside in the last trading session. We
advise buying around 7440 levels with strict stop loss of
7400 or the targets of 7480-7520
4. DAILY REPORT
04th
JUNE 2014
YOUR MINTVISORY Call us at +91-731-6642300
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
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 sup-
ported 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 in-
terest 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 Au-
gust 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 de-
livery 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 turn-
over 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 over-
seas after China manufacturing gauge misses estimates
mainly weighed on nickel futures here.
5. DAILY REPORT
04th
JUNE 2014
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
DHANIYA
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
NCDEX
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
Jeera 11020 +0.27
Mustard seed 3387 +0.89
Soy Bean 4410 +0.02
Sugar M Grade 2999 +0.17
Turmeric 6136 +0.69
NCDEX ROUNDUP
Another onion price crisis seen in last October may be brew-
ing 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 fu-
tures 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 follow-
ing 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 posi-
tions. 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.
6. DAILY REPORT
04th
JUNE 2014
YOUR MINTVISORY Call us at +91-731-6642300
EUR/INR
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
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.
CURRENCY ROUNDUP
The Indian rupee hit a near three-week low and weak-
ened 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.
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 for-
eign 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 non-
deliverable forwards, the one-month contract was at
59.70 while the three-month was at 60.28.
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.
CURRENCY
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 59.2125 Yen-100 57.8800
Euro 80.5645 GBP 99.1691
7. DAILY REPORT
04th
JUNE 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
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
Date Scrip
CASH/
FUTURE/
OPTION
Strategy 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
8. DAILY REPORT
04th
JUNE 2014
YOUR MINTVISORY Call us at +91-731-6642300
NEXT WEEK'S U.S. ECONOMIC REPORTS
ECONOMIC CALENDAR
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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