Stock market special report by epic research 25th august 2014

DAILY REPORT

25th

AUGUST 2014

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Global markets at a glance

European shares dipped 0.27 percent after the Russian

convoy of aid trucks entered eastern Ukraine without Kiev's

permission and hurt by a ratcheting-up of tensions in

Ukraine, although traders said a dovish tone in a speech by

U.S. Federal Reserve Chair Janet Yellen limited losses. The

MSCI world equity index, which tracks shares in 45 nations,

was down 0.29 percent.. But the FTSEurofirst, which fell as

much as 0.7 percent in a choppy day of trade, managed to

recover some of its poise to end the session down 0.3 per-

cent at 1,351.38 points.

The Hang Seng Index rose 0.2 percent to 25,159.76 points,

its best close since May 2008. The China Enterprises index

of the leading offshore Chinese listings in Hong Kong was

down 0.4 percent.

Wall Street

Wall Street and other stock markets paused on Friday, halt-

ing the week's strong gains, as worsening Ukraine tensions

dogged trading, while the dollar rose after Federal Reserve

Chair Janet Yellen said policymakers eyeing interest rate

hikes need to move cautiously. The Dow Jones industrial

average fell 38.27 points, or 0.22 percent, to 17,001.22, the

S&P 500 lost 3.97 points, or 0.2 percent, to 1,988.40, and

the Nasdaq Composite added 6.45 points, or 0.14 percent,

to 4,538.55.

Previous day Roundup

The market ended on a historic high. The Sensex is up

59.44 points at 26419.55 anad the Nifty up 28.85 points or

0.37% at 7919.95. About 1478 shares advanced, 1538

shares declined and 119 shares are unchanged. SBI, HDFC

Bank were up 2 percent. Hindalco, Infosys and Wipro were

up 1 percent.

Index stats

The Market was very volatile in last session. The sartorial

indices performed as follow; Consumer Durables [down

15.79pts], Capital Goods [up 23.32pts], PSU [down

14.67pts], FMCG [down 36.78pts], Auto [up 13.62 pts],

Healthcare [up 16.81pts], IT [up 159.70Pts], Metals [up

17.75pts], TECK [up 53.42pts], Oil& Gas [down 7.64pts],

Power [down 7.46pts], Realty [down 15.05pts].

World Indices

Index Value % Change

D J l 17001.22 -0.22

S&P 500 1988.40 -0.20

NASDAQ 4538.55 +0.14

EURO STO 3098.50 -0.83

FTSE 100 6775.25 -0.04

Nikkei 225 15539.19 -0.30

Hong Kong 25112.23 +0.47

Top Gainers

Company CMP Change % Chg

TECHM 2,318.90 82.65 3.70

HCLTECH 1,594.00 38.45 2.47

SBIN 2,526.10 58.55 2.37

HINDALCO 181.95 4.05 2.28

BANKBARODA 919.90 18.50 2.05

Top Losers


BPCL 671.65 13.75 -2.01

COALINDIA 357.50 6.70 -1.84

HDFC 1,045.00 19.40 -1.82

BHARTIARTL 365.35 5.75 -1.55

POWERGRID 134.45 2.00 -1.47

Stocks at 52 Week’s high

Symbol Prev. Close Change %Chg

AUROPHARMA 813.90 4.50 +0.56

BPCL 671.65 13.75 -2.01

CIPLA 498.5 5.65 +1.15

KOTAK BANK 1034.75 16.15 +1.59

LUPIN 1250.60 12.90 +1.04

Indian Indices


NIFTY 7913.20 +22.10 +0.28

SENSEX 26419.55 +59.44 +0.23

Stocks at 52 Week’s Low

Symbol Prev. Close Change %Chg

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DAILY REPORT

25th

AUGUST 2014


STOCK RECOMMENDATIONS [FUTURE]

1. RELIANCE CAPITAL FUTURE

RELCAP FUTURE is looking strong on charts, long build up

has been seen, we may see more upside, if it sustains above

575 levels. We advise buying around 570-575 levels with

strict stop loss of 560 for the targets of 590-600 levels.

2. HCL TECH FUTURE

HCL TECH FUTURE is looking strong on charts, long build up

has been seen, we may see more upside, if it sustains above

1600 levels. We advise buying around 1590-1600 levels

with strict stop loss of 1560 for the targets of 1620-1640

Levels.

EQUITY CASH & FUTURE

STOCK RECOMMENDATION [CASH]

1. IGARASHI MOTORS

IGARASHI MOTORS at 52 week high. We advise buying

around 301-302 level with strict stop loss 295 for the tar-

gets of 308-314

MACRO NEWS

NSE, BSE to exclude USL from F&O segment

Showing robust interest among foreign investors, an auc-

tion of government bonds attracted bids worth Rs 3,640

crore, higher than the amount of such securities on offer

at Rs 3,208 crore. The auction was held for overseas in-

vestors at BSE's ebidxchange for government debt securi-

ties.

PACL Ltd ran a collective investment scheme, mobilising

about Rs 50,000 crore, the Sebi has asked the company to

refund investors and wind up operations.

BSE's 53 scrips moving from T group to B group effective

today, NSE moves 10 scrips - Westlife Development - Se-

quent Scientific - Shiv-Vani Oil and Gas Exploration Ser-

vices - Atlanta Infrastructure and Finance 11 scrips to be

transferred to T group effective today - Twilight Litaka

Pharma - Arvind International - Compact Disc India - Tutis

Technologies.

Oil Ministry says -Secretaries panel formed on gas price

revision.

Infosys grants 22,794 restricted stock units to CEO.


DAILY REPORT

25th

AUGUST 2014


FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts

)

Open

Interest

NIFTY PE 7,900 32.1 4,60,621 47,83,200

NIFTY PE 7,800 10.4 3,94,388 71,01,300

NIFTY PE 7,700 4.7 1,64,288 69,65,500

BANKNIFTY PE 15,500 32 49,288 3,30,175

SBIN PE 2,500 18 10,236 2,27,375

MCDOWELL-N PE 2,300 10.2 6,079 2,13,000

RELIANCE PE 1,000 7.75 1,741 6,53,500

SBIN PE 2,450 6.4 4,172 1,20,375

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 7,900 67 4,72,606 49,83,750

NIFTY CE 8,000 20.55 4,72,258 90,50,750

NIFTY CE 8,100 3.75 1,34,219 45,40,950

BANKNIFTY CE 16,000 67.5 96,300 5,37,075

SBIN CE 2,550 18.5 10,223 2,39,500

MCDOWELL-N CE 2,400 39 8,872 2,47,625

TCS CE 2,500 15 4,217 3,76,750

INFY CE 3,600 33.45 3,859 2,22,000

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 47675 1888.99 36390 1440.44 299442 11870.96 448.55

INDEX OPTIONS 267679 10524.60 257692 10138.41 1749778 69230.11 386.19

STOCK FUTURES 116795 4288.10 109688 3991.54 1384764 50820.31 296.56

STOCK OPTIONS 69238 2610.21 72340 2717.31 87114 3276.81 -107.09

TOTAL 1024.20

INDICES R2 R1 PIVOT S1 S2

NIFTY 7,943.10 7,928.15 7,914.10 7,899.15 7,885.10

BANK NIFTY 15,962.58 15,890.87 15,793.58 15,721.87 15,624.58

STOCKS IN NEWS

SAT asks FTIL to move Sebi with deadline extension

plea.

Asian paint’s subsidiary Berger International, Singa-

pore plans setting up manufacturing facility in Indone-

sia.

HDFC Bank sends fresh petition to government to up

FII investment limit.

Gujarat State Fertilizers & Chemicals Ammonia-IV

plant to shutdown for 12 days from August 24.

NIFTY FUTURE

Nifty Future closed upside in the last trading session.

Market trend is consolidate. We advise buying above

7940 tgt 7990-8040


DAILY REPORT

25th

AUGUST 2014


COMMODITY MCX

RECOMMENDATIONS

SILVER

TRADING STRATEGY:

BUY SILVER SEP ABOVE 42350 TGTS 42600,42890 SL 42000

SELL SILVER SEP BELOW 41800 TGTS 41500,41000 SL 42200

GOLD

TRADING STRATEGY:

BUY GOLD OCT ABOVE 27880 TGTS 27960,28100 SL 27760

SELL GOLD OCT BELOW 27700 TGTS 27600,27520 SL 27800

COMMODITY ROUNDUP

Gold declined in early Thursday trade at Zaveri Bazaar here,

following a trend in markets abroad as the yellow metal

went down on an indication of a strengthening American

economy. Spot gold rose 0.22 percent to $1,280 an ounce,

after losing 1.3 percent on Thursday as rate rise expecta-

tions sent it plowing through key support levels to a two-

month low.

Silver prices fell by Rs 211 to Rs 42,130 per kg in futures

trade yesterday as speculators engaged in reducing posi-

tions largely in tune with a weakening trend overseas. At

MCX, silver for delivery in September traded lower by Rs

211, or 0.50%, to Rs 42,130 per kg in a business turnover of

331 lots. Similarly, the white metal for delivery in far-month

December declined by Rs 181, or 0.42%, to Rs 42,897 per kg

in a business volume of 35 lots. In the international market,

silver fell 0.41% to USD 19.37 an ounce in Singapore. A sub-

dued trend in the global markets as minutes of the Federal

Reserve's last meeting signalled that policy makers may in-

crease borrowing costs earlier than expected amid

strengthening dollar, reducing appeal of precious metals,

put pressure on silver futures here.

Zinc futures edged up by 0.21 per cent to Rs 143.10 per kg

today as speculators enlarged positions amid positive cues

from global markets and rising domestic demand. At the

Multi Commodity Exchange, zinc for delivery in September

was up by 30 paise, or 0.21 per cent, to Rs 143.10 per kg

with a business turnover of nine lots. The August contract

rose by 25 paise, or 0.18 per cent, to Rs 142.85 per kg with

a business turnover of 118 lots. Besides improved demand

in the spot market, strength in base metals overseas, sup-

ported the upside in zinc prices at futures trade.

Copper futures fell 0.35% to Rs 432.45 per kg today as

speculators trimmed positions amid a weak trend in global

markets. At MCX copper for delivery in November declined

by Rs 1.50, or 0.35%, to Rs 432.45 per kg in a business turn-

over of eight lots. The metal for delivery in August fell by Rs

1.25, or 0.29%, to Rs 423.80 per kg in a business volume of

161 lots. A weakening trend in base metals at LME on

worse-than-expected manufacturing data from China, the

biggest consumer, mainly put pressure on copper prices at

futures trade here. Globally, copper for delivery in three-

months traded 0.2% lower at $6,995 per tonne at the LME.


DAILY REPORT

25th

AUGUST 2014


RECOMMENDATIONS

DHANIYA

BUY DHANIYA SEP ABOVE 11905 TGTS 11935,11985 SL

11855

SELL DHANIYA SEP BELOW 11810 TGTS 11780,11730 SL

11860

GUARGUM

BUY GUARGUM OCT ABOVE 17730 TGTS 17780,17880 SL

17640

SELL GUARGUM OCT BELOW 17400 TGTS 17350,17250 SL

17490

NCDEX

NCDEX INDICES

Index Value % Change

Castor Seed 4208 -1.36

Chana 2892 -1.47

Coriander 11825 -1.00

Cotton Seed Oilcake 1791 -0.89

Guarseed 6219 -4.00

Jeera 11190 -0.71

Mustard seed 3496 +1.39

Soy Bean 3414 +0.12

Sugar M Grade 3045 +0.23

Turmeric 6598 -1.40

NCDEX ROUNDUP

The Union finance ministry on Friday announced a rise in the import duty on sugar. Through a notification dated Au-

gust 21, the duty on raw and refined sugar was increased from 15% to 25%. After sugar mills had demanded increase

in the duty in June, Food Minister announced a package for

the sector, including raising the duty to 40%. But that deci-sion has been pending. Sugar prices in the global market

have been declining through the past two months. On June

26, the ICE benchmark sugar was quoted at $18.73 a pound, against the current $16.02 a pound, a fall of 14.5%.

Groundnut export has seen significant rise during April-July

2014 owing to increased demand from West Asian coun-

tries. Export of groundnut during these four months rose by about 50%,

Guar gum prices declined by Rs 470 to Rs 17,650 per quintal as speculators trimmed positions in tune with weak export

and domestic spot demand. Participants offloaded positions

amid weak cues from global markets. Besides, increased supply of guarseed from growing belts amid slackness in

demand of guar gum at physical markets too weighed on

prices, they added. At NCDEX guar gum prices for October contract slipped by Rs 470, or 2.59 per cent, to Rs 17,650

per quintal, with an open interest of 12,637 lots. The Nov.

contract dropped by the same margin of Rs 470, or 2.57%,

to Rs 17,850 per quintal, having an open interest of 570 lots.


DAILY REPORT

25th

AUGUST 2014


USD/INR

BUY USD-INR ABOVE 60.70 TGT 60.90,61.10 SL 60.40

SELL USD-INR BELOW 60.30 TGT 60.10.59.80 SL 60

GBP/INR

SELL GBP-INR BELOW 100.10 TGT 99.90,99.60 SL 100.40

BUY GBP-INR ABOVE 100.50 TGT 100.70,101 SL 100.20

CURRENCY ROUNDUP

The Indian rupee rose on Friday, after earlier hitting a three-

week high against the dollar, on continued strong buying of

debt and shares by foreign investors, while gains in emerg-

ing market currencies also contributed to the improved sen-

timent. The rupee was also helped after Bloomberg quoted

an analyst at Standard & Poor's calling the Indian govern-

ment's target to lower the fiscal deficit a positive for the

country's ratings, helping the currency rise to a session's

high. The rupee put on 0.5% for the week, a third straight

week of gains, as foreign funds turned active buyers of In-

dian assets, especially debt, despite lingering concerns in

global markets including the prospect of earlier-than-

expected U.S. rate hikes.

FII bought debt worth $2.65 billion on Wednesday alone,

which some traders called the biggest single-day buying on

record. That took total inflows into the debt and sharemar-

ket so far in 2014 to about $29 billion. The partially con-

vertible rupee closed at 60.4650/4750 per dollar compared

with 60.67/68 in the previous session. The unit rose to

60.3750, its strongest level since July 31.

Most other Asian currencies also rose as the dollar rally lost

steam ahead of Yellen's speech, adding to positive senti-

ment for the rupee. Broader gains were, however, capped

on the back of some dollar demand from oil importers at

60.40 levels,

In the offshore non-deliverable forwards, the one-month

contract was at 60.76, while the three-month was at 61.33.

Benchmark 10-year U.S. Treasuries ended up 2/32 of a point

in price to yield 2.40 percent. The 30-year Treasury traded

up 22/32 of a point in price to yield 3.15 percent and bene-

fited from Europe's weakness, geopolitical concerns and

views that U.S. growth is as robust as thought.

The U.S. dollar index, which values the greenback against a

basket of a half dozen major currencies, was up 0.2 percent

at 82.310 after setting a 2014 high of 82.456. The euro was

off 0.35 percent against the dollar at $1.323.

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 60.4360 Yen-100 58.2900

Euro 80.3535 GBP 100.2391


DAILY REPORT

25th

AUGUST 2014


CALL REPORT

PERFORMANCE UPDATES

Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

22/08/14 MCX GOLD OCT. BUY 27870 27950-28050 27780 SL TRIGGERED

22/08/14 MCX GOLD OCT. SELL 27700 27620-27520 27800 NOT EXECUTED

22/08/14 MCX SILVER SEP. BUY 42190 42390-42690 41900 SL TRIGGERED

22/08/14 MCX SILVER SEP. SELL 41900 41700-41400 42200 NO PROFIT NO LOSS

22/08/14 NCDEX GUARGUM AUG. BUY 18300 18350-18450 18210 NOT EXECUTED

22/08/14 NCDEX GUARGUM AUG. SELL 17915 17885-17835 17965 BOOKED FULL

PROFIT

22/08/14 NCDEX DHANIYA AUG. BUY 12030 12060-12100 11980 NOT EXECUTED

22/08/14 NCDEX DHANIYA AUG. SELL 10910 10880-10830 10960 BOOKED FULL

PROFIT

22/08/14 USD/INR JULY BUY 60.82 61.02-61.32 60.55 NOT EXECUTED

22/08/14 USD/INR JULY SELL 60.40 60.20-59.90 60.67 SL TRIGGERED

22/08/14 GBP/INR JULY SELL 100.40 100.20-100 100.67 BOOKED PROFIT

22/08/14 GBP/INR JULY BUY 101 101.2-101.5 100.73 NOT EXECUTED

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

22/08/14 NIFTY FUTURE BUY 7940 7990-8040 7890 NOT EXECUTED

22/08/14 UNION BANK FUTURE BUY 221 229-238 208 NO PROFIT NO LOSS

22/08/14 IOC FUTURE BUY 372 278-384 362 SL TRIGGERED

22/08/14 GITANJALI CASH BUY 74.25 75.75-77.25 72.75 SL TRIGGERED

21/08/14 NIFTY FUTURE BUY 7925 7975-8025 7875 CALL OPEN


DAILY REPORT

25th

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. 25

8:30 AM CHICAGO FED NATIONAL ACTIVITY INDEX JULY -- 0.13 (3-MONTH)

10 AM NEW HOME SALES JULY 430,000 406,000

TUESDAY, AUG. 26

8:30 AM DURABLE GOODS ORDERS JULY 12.6% 1.7%

8:30 AM CORE CAPITAL EQUIPMENT ORDERS JULY -- 3.3%

9 AM CASE-SHILLER HOME PRICES JUNE -- 9.3% Y-O-Y

9 AM FHFA HOME PRICES JUNE -- 5.6% Y-O-Y

10 AM CONSUMER CONFIDENCE INDEX AUG. 88.5 90.9

WEDNESDAY, AUG. 27

NONE SCHEDULED

THURSDAY, AUG. 28

8:30 AM WEEKLY JOBLESS CLAIMS AUG. 23 301,000 298,000

8:30 AM GDP REVISION Q2 3.9% 4.0%

10 AM PENDING HOME SALES JULY -- -1.1%

FRIDAY, AUG. 29

8:30 AM PERSONAL INCOME JULY 0.3% 0.4%

8:30 AM CONSUMER SPENDING JULY 0.1% 0.4%

8:30 AM CORE PCE PRICE INDEX JULY -- 0.1%

9;45 AM CHICAGO PMI AUG. 57.5 52.6

9:55 AM UMICH CONSUMER SENTIMENT INDEX AUG. 80.1 79.2


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Stock market special report by epic research 25th august 2014