Stock market special report by epic research 19th august 2014

DAILY REPORT

19th AUGUST 2014

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Global markets at a glance

Asian stocks got a lift on Tuesday from an upbeat day on Wall Street, while the dollar got some help as U.S. Treasury yields pulled away from recent lows on upbeat U.S. housing data and hopes of progress in the Ukraine crisis.

Foreign ministers from Russia, Ukraine, Germany, and France gathered in Berlin over the weekend to discuss talks for a ceasefire or a political solution. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1% in early trade, while Japan's Nikkei stock average added 0.8%

European shares rallied on Monday as the market was en-couraged by diplomatic efforts at the weekend to try and ease tension in Ukraine. The FTSEurofirst 300 index of top European shares closed up 1.2 percent at 1,339.35 points. Germany's DAX rose 1.7 percent.

Wall Street

U.S. stocks marked solid gains on Monday as the Ukraine situation showed signs of stabilization. The Nasdaq Com-posite topped the key 4,500 mark for the first time since March 2000. S stocks surged on Monday, with the Nasdaq closing at a 14-year high as increasing homebuilder confi-dence and hopes for receding tensions in Russia gave inves-tors reasons to make bigger bets on the equity market.

The Dow Jones industrial average jumped 175.83 points, or 1.06 percent, to close at 16,838.74. The S&P 500 rose 16.68 points, or 0.85 percent, to 1,971.74. The Nasdaq Composite added 43.39 points, or 0.97 percent, to close at 4,508.31.

Previous day Roundup

It is a record closing high with both the benchmark indices gaining over 1 percent. Maintaining the uptrend for fifth consecutive day, the Nifty ended up 82.55 points at 7874.25 while the Sensex was up 287.73 points at 26390.96. About 1929 shares advanced, 1012 shares de-clined and 99 shares were unchanged.

Index stats

The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 147.83pts], Capital Goods [up 333.87pts], PSU [up 223.39pts], FMCG [down 31.86pts], Auto [up 259.63pts], Healthcare [up 159.56pts], IT [down 40.35Pts], Metals [up 187.30pts], TECK [up 14.11 pts], Oil& Gas [up 286.92pts], Power [up 31.21pts], Realty [up 24.85 pts].

World Indices

Index Value % Change

D J l 16838.74 +1.06

S&P 500 1971.74 +0.85

NASDAQ 4508.31 +0.97

EURO STO 3073.45 +1.32

FTSE 100 6741.25 +0.78

Nikkei 225 15462.58 +0.91

Hong Kong 25033.23 +0.31

Top Gainers

Company CMP Change % Chg

BPCL 646.60 33.25 5.42

CIPLA 471.25 22.65 5.05

ONGC 429.80 19.70 4.80

AXISBANK 395.85 18.05 4.78

TATAMOTORS 505.05 20.45 4.22

Top Losers


ITC 350.20 6.65 -1.86

INFY 3,558.00 54.55 -1.51

HDFC 1,112.00 12.30 -1.09

HCLTECH 1,522.00 16.00 -1.04

TCS 2,481.00 18.75 -0.75

Stocks at 52 Week’s high

Symbol Prev. Close Change %Chg

AUROPHARMA 777.3 10.10 +1.32

BHARATFORG 771.00 4.00 +0.52

BPCL 613.35 33.25 +5.42

CIPLA 471.25 22.65 +5.05

HINDUNILVR 723.00 8.45 +1.18

Indian Indices


NIFTY 7874.25 82.55 +1.06

SENSEX 26390.96 287.73 +1.10

Stocks at 52 Week’s Low

Symbol Prev. Close Change %Chg

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DAILY REPORT

19th AUGUST 2014


STOCK RECOMMENDATIONS [FUTURE]

1. BPCL FUTURE

BPCL FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 640 levels. We advise buying around 640-645 Levels with strict stop loss of 635 for the targets of 655 -665 levels.

2. CROMPTON GREAVES FUTURE

CROMPTON GREAVES FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 205 levels. We advise buying around 203-205 levels with strict stop loss of 200 for the targets of 208-212.

EQUITY CASH & FUTURE

STOCK RECOMMENDATION [CASH]

1. LIBERTY SHOE

LIBERTY SHOE symmetrical triangle on daily chart. We ad-vise buying around 308 level with strict stop loss 305 for the targets of 311-314

MACRO NEWS

The Indian automobile sector, which faced major slow-down in demand in the last two years, witnessed about 85 per cent decline in foreign direct investment (FDI) to only USD 73 million during April-May this fiscal.

India's exports in July rose 7.33 percent from a year ear-lier, helped by a pick-up in external demand.

The Reserve Bank of India said on Thursday it accepted all 55 bids for 209.68 billion rupees ($3.4 billion) at its five-day repo auction, through which it injects liquidity into the banking system.

Indian banks' refinancing with RBI falls to 259.16 billion rupees. Indian banks' cash balances with RBI rise to 3.23 trln rupees.

Sterlite Technologies AGM -Consider to raise the borrow-ing limit of the company from Rs 1500 crore to Rs 3000 crore -To raise an amount of Rs 1000 crore.

Apollo Hospital AGM on August 25 -To consider revision in the borrowing limits of the company upto a sum of Rs 2500 crore

Coal ministry asks Coal India to make a detailed subsidiary wise action plan to improve output from underground mines.


DAILY REPORT

19th AUGUST 2014


FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts

)

Open

Interest

NIFTY PE 7,800 33 4,44,731 59,06,200

NIFTY PE 7,700 14.7 3,99,805 72,31,800

NIFTY PE 7,600 7.15 2,46,107 77,56,100

BANKNIFTY PE 15,000 48 36,974 3,74,925

SBIN PE 2,400 26.85 3,356 2,81,250

RELIANCE PE 1,000 7.15 3,352 5,21,000

TATAMOTORS PE 480 2.35 1,864 9,66,000

LT PE 1,500 17.7 1,721 2,37,500

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 7,900 44.95 4,68,876 51,41,600

NIFTY CE 7,800 101.6 3,57,133 44,01,000

NIFTY CE 8,000 15.25 3,11,195 72,83,750

BANKNIFTY CE 15,500 161 56,368 5,06,750

SBIN CE 2,400 51.45 7,854 2,30,625

RELIANCE CE 1,020 12.1 5,507 9,86,000

TAATMOTORS CE 500 12.35 4,272 8,62,000

ICICIBANK CE 1,500 42 3,679 2,98,750

FII DERIVATIVES STATISTICS

BUY OPEN INTEREST AT THE END OF THE DAY SELL

No. of

Contracts Amount in

Crores No. of

Contracts Amount in

Crores No. of

Contracts Amount in

Crores NET AMOUNT

INDEX FUTURES 52678 2059.39 47144 1841.69 284121 11163.33 217.70

INDEX OPTIONS 350093 13521.20 331611 12784.96 1558305 61296.86 736.24

STOCK FUTURES 70946 2742.49 55161 2069.82 1401880 50794.26 672.67

STOCK OPTIONS 65010 2451.28 68173 2565.57 76499 2848.67 -114.29

TOTAL 1512.32

INDICES R2 R1 PIVOT S1 S2

NIFTY 7,945.95 7,910.10 7,844.65 7,808.80 7,743.35

BANK NIFTY 15,721.08 15,580.42 15,324.38 15,183.72 14,927.68

STOCKS IN NEWS

TCS pledges Rs 100 cr for 'Clean India'.

Tata Motors to launch new platforms.

JSW Steel -Enters into definitive agreement with Wel-

spun Maxsteel -Company to acquire entire stake held

by Welspun Enterprises in Welspun Maxsteel

MCX board approves 15 percent acquisition by Kotak

Mahindra Bank

IOC to invest Rs 1,200 crore on LPG pipeline projects.

NIFTY FUTURE

Nifty Future closed upside in the last trading session. We

advise buying around 7890 level with strict stop loss of

7840 for the targets of 7940-7990


DAILY REPORT

19th AUGUST 2014


COMMODITY MCX

RECOMMENDATIONS

SILVER

TRADING STRATEGY:

BUY SILVER SEP ABOVE 42800 TGTS 43000,43300 SL 43500

SELL SILVER SEP BELOW 42500 TGTS 42300,42000 SL 42700

GOLD

TRADING STRATEGY:

BUY GOLD OCT ABOVE 28380 TGTS 28460,28560 SL 28300

SELL GOLD OCT BELOW 28250 TGTS 28170,28070 SL 28330

COMMODITY ROUNDUP

Gold prices fell by Rs 100 to Rs 28,600 per 10 grams in the

national capital today after it declined in global markets on

easing tensions over Ukraine amid subdued demand from

jewellers and retailers. spot gold steadied on the day at

$1,297.84 an ounce but remained below the $1,300 level

against the backdrop of improved risk sentiment.

Silver followed suit and lost Rs 645 at Rs 42,880 per kg on

reduced offtake by industrial units and coin makers. silver

ready dropped by Rs 645 to Rs 42,880 per kg and weekly-

based delivery by Rs 680 to Rs 42,580 per kg. Silver coins

plunged by Rs 1,000 to Rs 76,000 for buying and Rs 77,000

for selling of 100 pieces.

U.S. crude added about 0.3 percent to $96.70 ahead of the

September contract's expiration on Wednesday. Brent

crude edged up about 0.1 percent to $101.71 after shed-

ding nearly $2 a barrel overnight to its lowest price in over a

year. Brent crude oil shed nearly $2 a barrel to reach its

lowest price in over a year on Monday as investor concerns

over conflict in Ukraine and Iraq eased, and as higher Libyan

oil output added to already ample supplies.

U.S. Treasury debt prices fell on Monday after three days of

gains as risk appetite returned following upbeat U.S. hous-

ing data and easing tensions in the Middle East and

Ukraine.

Lead futures rose 0.34% to Rs 134.20 per kg as participants

enlarged positions on rising spot demand at domestic mar-

kets amid a firming trend overseas. At the Multi Commodity

Exchange, lead for delivery in August traded higher by 45

paise, or 0.34%, to Rs 134.20 per kg, with a turnover of 84

lots. The metal for delivery in September also rose by 35

paise, or 0.26%, to trade at Rs 135 per kg, in a business

turnover of three lots. Better domestic demand, particularly

from battery-makers and a firming trend in the base metals

pack at the London Metal Exchange, led to rise in lead

prices at futures trade here.

Zinc futures edged up by 0.4% to Rs 138.75 per kg yester-

day amid a firm trend at the London Metal Exchange and

rising demand at domestic spot markets as speculators cre-

ated positions. At the MCX, zinc for delivery in August was

up by 55 paise, or 0.40%, to Rs 138.75 per kg, with a busi-

ness turnover of 184 lots.


DAILY REPORT

19th AUGUST 2014


RECOMMENDATIONS

DHANIYA

BUY DHANIYA SEP ABOVE 11635 TGTS 11665,11715 SL 11585

SELL DHANIYA SEP BELOW 11550 TGTS 11520,11470 SL 11600

GUARGUM

BUY GUARGUM OCT ABOVE 16490 TGTS 16540,16640 SL 16400

SELL GUARGUM OCT BELOW 16270 TGTS 16220.16120 SL 16360

NCDEX

NCDEX INDICES

Index Value % Change

Castor Seed 4109 -3.77

Chana 2892 +0.91

Coriander 11400 +0.63

Cotton Seed Oilcake 1769 +0.63

Guarseed 5819 +2.36

Jeera 11125 -0.31

Mustard seed 3381 -1.46

Soy Bean 3434 -2.17

Sugar M Grade 3123 -0.32

Turmeric 6350 -0.69

NCDEX ROUNDUP

National Commodity & Derivatives Exchange India's second-

largest commodity futures trading platform, is set to sign a

trading pact with multinational grain trading companies and

corporate houses for its ensuing forward contracts in agri-

cultural commodities. NCDEX has decided to introduce for-

ward contracts in maize and sugar by the end of August.

This would be extended to other commodities. According to

an estimate, commodities worth Rs 9,00,000 crore are

traded every day in the spot market, of which sizeable deals

happen on a forward basis

Chilli prices fell 0.99 per cent to Rs 10,050 per quintal in fu-

tures trade yesterday as speculators booked profits at pre-

vailing higher levels amid fall in demand in the spot market.

Further, adequate stocks position in the physical market on

increased arrivals from producing belt put pressure on chilli

teja prices. At NCDEX, chilli teja for delivery in August lost Rs

100, or 0.99 per cent, to Rs 10,050 per quintal with an open

interest of 80 lots. Besides profit-booking by speculators,

fall in demand in the spot market against adequate supplies

led to the fall in chilli teja prices at futures trade.

Chana traded marginally up by 0.1% to Rs 2,869 per quintal

in futures trade yesterday as speculators created fresh posi-

tions amid spot demand. At NCDEX chana for delivery in

August rose by Rs 3, or 0.10%, to Rs 2,869 per quintal with

an open interest of 9,980 lots. Likewise, the commodity for

delivery in September edged higher by Re 1, or 0.03%, to Rs

2,890 per quintal in 1,68,170 lots.


DAILY REPORT

19th AUGUST 2014


EUR/INR

SELL EUR-INR BELOW 81.27 TG 81.07,80.80 SL 81.60

BUY EUR-INR ABOVE 81.70 TG 81.90 .82.20 SL 81.40

GBP/INR

SELL GBP-INR BELOW 101.44 TG 101.24 100,94 SL 101.74

BUY GBP-INR ABOVE 101.80 TG 102,102.30 SL 101.50

CURRENCY ROUNDUP

Markets were closed on Friday for Independence Day and

on Monday for a local holiday.

The dollar bought 102.63 yen, up about 0.1 percent, while

the euro edged down to $1.3359, not far from this month's

nine-month low of $1.3333. Against the safe-haven yen, the

euro rose slightly to 137.09. The dollar held firm on Tuesday

after a solid U.S. housing data and a rise in U.S. bond yields

on the back of hopes of an easing of geopolitical tensions.

The currency, however, is likely to need a clearer sign that

the Federal Reserve might start raising rates sooner to

break above its trading band in the past few weeks, as trad-

ers looking focus on comments from Fed officials later in

the week at a global central bank conference .

The dollar was also bolstered as U.S. bond yields rebounded

from lows on Monday, raising the dollar's yield attraction,

on hopes of diplomatic solution to the Ukraine crisis. The

dollar fetched 102.61 yen, having maintained its slow re-

bound from a low of 101.51 hit on Aug 8.

The euro traded at $1.3361, holding just above a nine-

month low of $1.3333 set earlier this month.

The dollar index stood at 81.594, having gained 0.2 percent

on Monday, and edging near 11-month high of 81.716 hit

earlier this month.

U.S. consumer inflation data due later in the day is another

focus as tame inflation could enhance expectations that the

Fed will wait longer before raising rates.

The New Zealand dollar slipped 0.4 percent to $0.8440 after

the govt said it may post smaller-than-expected budget sur-

pluses in coming years as economic growth slows. The Aus-

tralian dollar is steady at $0.9318 but could see some vola-

tility if the minutes due out on Tuesday of the Reserve Bank

of Australia's last policy meeting contain any surprises.

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 61.0583 Yen-100 59.5500

Euro 81.552 GBP 101.8391


DAILY REPORT

19th AUGUST 2014


CALL REPORT

PERFORMANCE UPDATES

Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

18/08/14 MCX GOLD AUG. BUY 28700 28800-28930 28570 NOT EXECUTED

18/08/14 MCX GOLD AUG. SELL 28500 28400-28320 28630 BOOKED FULL

PROFIT

18/08/14 MCX SILVER SEP. BUY 43450 43650-43950 43150 NOT EXECUTED

18/08/14 MCX SILVER SEP. SELL 43000 42700-42500 43320 BOOKED PROFIT

18/08/14 NCDEX GUARGUM AUG. BUY 16100 16150-16250 16010 BOOKED PROFIT

18/08/14 NCDEX GUARGUM AUG. SELL 15750 15700-15600 15840 NOT EXECUTED

18/08/14 NCDEX DHANIYA SEP. BUY 11725 11755-11805 11675 NOT EXECUTED

18/08/14 NCDEX DHANIYA SEP. SELL 11575 11545-11495 11625 BOOKED PROFIT

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

18/08/14 NIFTY FUTURE BUY 7820 7870-7920 7770 BOOKED PROFIT

18/08/14 VOLTAS FUTURE BUY 218-220 222-225 215 NOT EXECUTED

18/08/14 RANBAXY FUTURE BUY 590-600 610-620 580 BOOKED PROFIT

18/08/14 ALEMBIC PHARMA CASH BUY 355 - - - - WRONG LEVELS

14/08/14 AXISBANK FUTURE SELL 380-370 360-350 390 SL TRIGGERED


DAILY REPORT

19th AUGUST 2014


NEXT WEEK'S U.S. ECONOMIC REPORTS

ECONOMIC CALENDAR

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Disclaimer

TIME (ET) REPORT PERIOD ACTUAL CONSENSUS

FORECAST PREVIOUS

MONDAY, AUG. 18

10 AM HOME BUILDERS' INDEX AUG. -- 53

TUESDAY, AUG. 19

8:30 AM CONSUMER PRICE INDEX JULY 0.1% 0.3%

8:30 AM CORE CPI JULY 0.2% 0.1%

8:30 AM HOUSING STARTS JULY 979,000 893,000

WEDNESDAY, AUG. 20

2 PM FOMC MINUTES 7/29-30

THURSDAY, AUG. 21

8:30 AM WEEKLY JOBLESS CLAIMS AUG. 16 -- N/A

9:45 AM MARKIT FLASH PMI AUG. -- 55.8

10 AM PHILLY FED AUG. -- 23.9

10 AM EXISTING HOME SALES JULY 5.02 MLN 5.04 MLN

10 AM LEADING INDICATORS JULY -- 0.3%

FRIDAY, AUG. 22

NON SCHEDULED


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Stock market special report by epic research 19th august 2014