Stock market special report by epic research 4th august 2014

DAILY REPORT

04th AUGUST 2014

YOUR MINTVISORY Call us at +91-731-6642300

Global markets at a glance

European stocks sank in huge volumes on Friday for the

third straight session, with a broad index hitting a 3-1/2

month low, hurt by concerns over losses at Banco Espirito

Santo as well as tension between Russia and the West.

The FTSEurofirst 300 index of top European shares ended

1.2 percent lower on Friday, at 1,332.68 points, a level not

seen since mid-April.

Japan's Nikkei average fell on Monday 0.4 percent while

MSCI's broadest index of Asia-Pacific shares outside Ja-

pan .MIAPJ0000PUS> was off 0.05 percent.

Wall Street

U.S. stocks ended lower for a second day and the S&P 500

posted its biggest weekly decline since 2012 on Friday as

concerns over Argentina's default continued to dog senti-

ment. The Dow Jones industrial average .DJI fell 69.93

points, or 0.42 percent, to 16,493.37, the S&P 500 .SPX

lost 5.52 points, or 0.29 percent, to 1,925.15, and the

Nasdaq Composite .IXIC dropped 17.13 points, or 0.39

percent, to 4,352.64.

Previous day Roundup

Equity benchmarks crashed on the first day of August se-

ries (Friday) with the Sensex shedding more than 400

points, the biggest fall since July 9, triggered by global con-

cerns and profit booking. The Indian rupee, too, saw sharp

depreciation with the currency falling to 61.18 to the dol-

lar at close despite the RBI’s efforts of selling dollars at

60.86 level to contain fall. It declined 63 paise compared

to previous day’s close of 60.55 a dollar. The 30-share BSE

Sensex was down 414.13 points or 1.60 percent to close at

25480.84 while the 50-share NSE Nifty broke the 7600-

mark intraday, before closing at 7602.60, down 118.70

points or 1.54 percent compared to previous day’s close.

The market saw the highest turnover of Rs 2.3 lakh crore

on first day of August series in 2014.

Index stats

The Market was very volatile in last session. The sartorial

indices performed as follow; Consumer Durables [down

279.81pts], Capital Goods [down 278.27pts], PSU [down

116.15pts], FMCG [down 68.42pts], Auto [down

161.14pts], Healthcare [down 195.18pts], IT [down

147.74Pts], Metals [down 248.73pts], TECK [down

59.51pts], Oil& Gas [down 232.12pts], Power [down

39.89pts], Realty [down 19.45pts].

World Indices

Index Value % Change

D J l 16493.37 -0.42

S&P 500 1925.15 -0.29

NASDAQ 4352.64 -0.39

EURO STO 3072.57 -1.38

FTSE 100 6679.18 -0.76

Nikkei 225 15523.11 -0.63

Hong Kong 24532.43 -0.91

Top Gainers

Company CMP Change % Chg

BANKBARODA 893.00 21.15 2.43

MARUTI 2,579.00 54.95 2.18

DLF 202.50 4.25 2.14

ULTRACEMCO 2,472.00 51.15 2.11

BHARTIARTL 379.40 6.50 1.74

Top Losers


HINDALCO 184.40 7.30 -3.81

RELIANCE 976.00 30.45 -3.03

SUNPHARMA 767.05 23.90 -3.02

CIPLA 442.75 13.75 -3.01

JINDALSTEL 266.55 8.25 -3.00

Stocks at 52 Week’s high

Symbol Prev. Close Change %Chg

ATUL AUTO 655.00 24.90 +3.95

BHARTIARTL 379.40 6.50 +1.74

COX&KINGS 261.70 3.30 -1.25

GLENMARK 685.5 26.20 +3.97

HINDUNLVR 693.00 6.40 +0.93

Indian Indices


NIFTY 7602.60 -118.70 -1.54

SENSEX 25,480.84 -414.13 -1.60

Stocks at 52 Week’s Low

Symbol Prev. Close Change %Chg

http://www.epicresearch.co/

DAILY REPORT

04th AUGUST 2014


STOCK RECOMMENDATIONS [FUTURE]

1.CENTURY TEXTILE FUTURE

CENTURY TEXTILE FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it sustains below 590 levels. We advise selling around 590-595 levels with strict stop loss of 600 for the targets of 585-580 levels.

2.TITAN FUTURE

TITAN FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it sustains below 335 levels. We advise selling around 330-335 levels with strict stop loss of 340 for the targets of 325-320 levels.

EQUITY CASH & FUTURE

STOCK RECOMMENDATION [CASH]

1. LIBERTY SHOE

LIBERTY SHOE week on daily chart. We advise selling around 266 level with strict stop loss 270 for the targets of 262-258

MACRO NEWS

India’s coal, steel, electricity and cement industries were among those that witnessed revival in first quarter of 2014-15 while negative or marginal growth was witnessed in Oil and Gas sector. The performance of eight core in-dustries during the April-June 2014 has improved to clock 4.6 percent level from 3.3 percent till May 2014. The 7.3 percent growth achieved in June reflects the revival of the performance in the core industries.

Passenger car sales rose for the third month in July, yet another indicator economy may finally be in turnaround mode after having slumped to less than 5% growth in the past two years. Carmakers announced sales numbers for last month as India's manufacturing activity jumped to a 17-month high on a surge in new orders.

The HSBC Manufacturing Purchasing Managers' Index rose to 53 in July from 51.5 in June. Other bright spots include the core sector expanding at 7.3% in June and ex-ports advancing 10.2% in the same month.

The Government hopes to save Rs 3,500 crore in oil subsi-dies by persuading 1 crore affluent customers to voluntar-ily pay market rates for cooking gas in response to text messages to customers inviting them to opt out of the subsidy for the sake of 'nation building'.


DAILY REPORT

04th AUGUST 2014


FUTURE & OPTION

MOST ACTIVE PUT OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts

)

Open

Interest

NIFTY PE 7,600 108.3 3,40,825 37,58,450

NIFTY PE 7,500 70.55 2,52,521 40,76,450

NIFTY PE 7,700 156.25 2,50,438 25,14,150

BANKNIFTY PE 15,000 272 20,022 1,37,700

SBIN PE 2,400 67.2 2,963 99,500

RELIANCE PE 960 14.8 2,863 4,11,250

MARUTI PE 2,500 34.45 2,291 1,13,250

SBIN PE 2,300 34 2,154 83,625

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 7,800 46.6 3,27,966 30,48,200

NIFTY CE 7,900 25.1 2,48,539 27,20,400

NIFTY CE 7,700 81.2 2,47,129 25,79,600

BANKNIFTY CE 16,000 118 31,122 2,70,100

SBIN CE 2,600 39.9 8,295 5,86,500

RELIANCE CE 1,020 13.1 4,067 6,22,250

MARUTI CE 2,600 64 3,859 59,125

ICICIBANK CE 1,500 40 3,043 2,82,750

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 63657 2442.23 93635 3587.96 247731 9437.77 -1145.73

INDEX OPTIONS 431009 16453.21 350327 13403.04 1214413 46158.49 3050.18

STOCK FUTURES 92996 3386.91 77946 2868.16 1374401 48837.51 518.74

STOCK OPTIONS 56498 2013.32 52430 1870.29 36454 1265.40 143.03

TOTAL 2566.23

INDICES R2 R1 PIVOT S1 S2

NIFTY 7,760.53 7,681.57 7,637.73 7,558.77 7,514.93

BANK NIFTY 15,534.87 15,331.33 15,213.72 15,010.18 14,892.57

STOCKS IN NEWS

Results Today: Power Grid, Oriental Bank, Marico ,

Petronet, IGL, Tata Communications, Punj Lloyd , Atul

Auto, TBZ, SRF, Muthoot Capital , MM Forging , Kal-

pataru , Deep Industries , Aptech , India Glycols.

DLF to design small-sized houses to rev up revenues.

RIL may be denied new gas price till it makes up sup-

ply shortfall.

Mahindra & Mahindra sales down 4.12% in July.

TVS Motor July sales up 32.15% to 2,03,092 units.

NIFTY FUTURE

Nifty Future closed downside in the last trading session.

We advise selling around 7600 level with strict stop loss

of 7650 for the targets of 7550-7500.


DAILY REPORT

04th AUGUST 2014


COMMODITY MCX

RECOMMENDATIONS

SILVER

TRADING STRATEGY:

BUY SILVER SEP ABOVE 44550 TGTS 44750,45050 SL 44250

SELL SILVER SEP BELOW 44300 TGTS 44100,43800 SL 44600

GOLD

TRADING STRATEGY:

BUY GOLD OCT ABOVE 28310 TGTS 28390,28490 SL 28210

SELL GOLD OCT BELOW 28160 TGTS 28080,27980 SL 28260

COMMODITY ROUNDUP

Commodity markets remained uneventful despite a pleth-

ora of geo-political tensions-Iraqi insurgencies, repeated

clashed between western powers and Rusia, first over Cri-

mea, then Ukraine while another bloody conflict raged in

Gaza.

After being quoted at a premium to its landed cost for sev-

eral months, the price of gold was trading at a discount to a

minor premium in recent weeks. Imports increased in June

but dwindled later as demand started drying in July, also a

lean season month. Premiums for physical delivery in the

spot market have been quoted around only $5 an ounce.

The market buzz is that the Reserve Bank of India is replac-

ing its old stock of gold in its Nagpur vault with new, re-

fined gold. The old stock could be coming to the Indian

market and that supply hangover is keeping premiums un-

der check.

Crude oil has been a key driver behind the fall in S&P GSCI

since June. Brent crude oil is down 7.9 percent from the

June 19 top and down roughly 2.5 percent for the week,

trading around USD 106. Brent crude is displaying the same

volatility characteristic as that of the broad commodity

spectrum. Volatility has trended steadily down ever since

2008 and is on track for a new record low, currently at

12.6%

Zinc prices eased 0.28% to Rs 143.55 per kg in futures trade

yesterday as speculators trimmed positions amid a weak

trend overseas. Besides, low demand in domestic spot

markets fuelled downtrend. At MCX, zinc for delivery in

August traded lower by 40 paise, or 0.28%, to Rs 143.55

per kg in a business turnover of 280 lots. September zinc

shed 30 paise, or 0.21%, to Rs 144.05 per kg in three lots.

Attributed fall in zinc futures to a weak global trend and

subdued demand from consuming industries at domestic

spot markets.

Natural gas futures fell on Friday after investors locked in

gains stemming from Thursday's bullish supply report and

sold for profits. On the NYME, natural gas futures for deliv-

ery in September traded at $3.802 per million British ther-

mal units during U.S. trading, down 1.03%. The commodity

hit a session low of $3.782, and a high of $3.875.


DAILY REPORT

04th AUGUST 2014


RECOMMENDATIONS

DHANIYA

BUY DHANIYA AUG ABOVE 11940 TGTS 11970,12020 SL

11890

SELL DHANIYA AUG BELOW 11865 TGTS 11835,11785 SL

11915

GUARSEED

BUY GUARSEED AUG ABOVE 5040 TGTS 5070,5120 SL 4990

SELL GUARSEED AUG BELOW 4985 TGTS 4955,4905 SL 5035

NCDEX

NCDEX INDICES

Index Value % Change

Castor Seed 4253 -0.58

Chana 2804 -0.11

Coriander 11900 +0.63

Cotton Seed Oilcake 1681 +0.66

Guarseed 5020 -0.20

Jeera 11220 +0.36

Mustard seed 3590 -0.19

Soy Bean 3672 +0.91

Sugar M Grade 3005 -0.40

Turmeric 6400 -0.28

NCDEX ROUNDUP

Sugar prices remained weak and fell further 0.39% to Rs

3,061 per quintal in futures trading yesterday as speculators

reduced positions amid ample supplies in the spot market.

At NCDEX, sugar for delivery in Sept. fell by Rs 12, or 0.39

per cent to Rs 3,061 per quintal with an open interest of

8,640 lots. The August contract traded lower by Rs 11, or

0.36% to Rs 3,006 per quintal in 20,810 lots. Adequate sup-

plies in the market against low demand from bulk consum-

ers weighed on the sweetener prices at futures trade.

Cardamom remained weak and prices fell further by 0.60%

to Rs 918 per kg in futures trading yesterday as speculators

engaged in reducing positions amid sluggish demand in the

spot market. At MCX, cardamom for delivery in August de-

clined further by Rs 5.50, or 0.60%, to Rs 918 per kg in a

business turnover of 127 lots. Likewise, the spice for deliv-

ery in Sept. traded lower by Rs 2.20, or 0.25%, to Rs 881.50

per kg in 26 lots. Attributed the persistent fall in cardamom

futures to low demand in the spot market against higher

supplies from producing region.

The Uttar Pradesh government says it has three million ton-

nes of sugar seized from private millers which haven’t

cleared sugarcane payment arrears to farmers. This stock is

supposed to be auctioned to raise the money but the proc-

ess is lagging for various reasons. It auctioned 530,000 ton-

nes of the seized stock in July and the money released for

farmers’ payment.


DAILY REPORT

04th AUGUST 2014


EUR/INR

BUY JPY-INR ABOVE 59.84 ABOVE 60.04,60.34 SL 59.74

SELL JPY -INR BELOW 59.46 TG 59.26,58.95 SL 59.76

GBP/INR

SELL USD -INR BELOW 61.16 TG 59.96,59.66 SL 61.46

BUY USD-INR ABOVE 61.67 TG 61.97,62.27 SL 61.37

CURRENCY ROUNDUP

The Indian rupee posted its biggest weekly fall since record

low levels in August last year as the rally in the dollar in

global markets spurred banks to buy the U.S. currency for

corporate clients, prompting mild intervention by the cen-

tral bank. The falls were especially pronounced on Friday,

when the partially convertible rupee almost breached the

60.19 level, last seen on April 23, tracking broader falls in

Asian currencies. It ended down with its biggest daily de-

cline since Jan. 24. The rupee ended at 61.18/19 per dollar

against Thursday close of 60.55/56. The local currency fell

1.02 percent on the day, its biggest fall since Jan. 24, during

a period when emerging markets were gripped by risk aver-

sion over China's economy.

For the week, the rupee fell 1.8 percent, its biggest weekly

fall since late August, when it hit its last record low against

the dollar because of waning confidence in its economy and

its ability to narrow its current account deficit. Weakness in

shares also dampened sentiment, with the 50-share NSE

index falling 1.5 percent tracking weaker global markets.

Little impact was seen from a private survey on Friday

showing factory activity expanded at its fastest pace in 17

months in July and data late on Thursday showing annual

infrastructure sector growth hit a nine-month high in June.

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

was at 61.50/60, while the three-month was at 62.13/23.

The dollar weakened against most major currencies on Fri-

day after a less-than-stellar U.S. jobs report sent investors

selling the currency for profits. In U.S. trading on Friday,

EUR/USD was up 0.27% at 1.3426. The Labor Department

reported earlier that the U.S. economy added 209,000 jobs

in July, missing expectations for an increase of 233,000. The

number of jobs added in June was revised up to a 298,000

gain from a previously estimated rise of 288,000. The report

also showed that the U.S. unemployment rate ticked up to

6.2% last month from 6.1% in June. Analysts had expected

the rate to remain unchanged in July.

CURRENCY

RBI Reference Rate

Currency Rate Currency Rate

Rupee- $ 60.8510 Yen-100 59.1100

Euro 81.4615 GBP 102.6861


DAILY REPORT

04th AUGUST 2014


CALL REPORT

PERFORMANCE UPDATES

Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

01/08/14 MCX GOLD AUG. BUY 27910 27980-28080 27820 BOOKED FULL

PROFIT

01/08/14 MCX GOLD AUG. SELL 27740 27660-27560 27840 NOT EXECUTED

01/08/14 MCX SILVER SEP. BUY 44630 44830-45130 44350 NO PROFIT NO

LOSS

01/08/14 MCX SILVER SEP. SELL 44200 44000-43700 44500 NOT EXECUTED

01/08/14 NCDEX GUARSEED AUG. BUY 5074 5105-5155 5025 BOOKED PROFIT

01/08/14 NCDEX GUARSEED AUG. SELL 5000 4970-4920 5050 BOOKED PROFIT

01/08/14 NCDEX DHANIYA AUG. BUY 11840 11870-11920 11790 SL TRIGGERED

01/08/14 NCDEX DHANIYA AUG. SELL 11800 11770-11720 11850 BOOKED PROFIT

01/08/14 USD/INR JULY BUY 60.95 61.15-61.45 60.65 BOOKED FULL

PROFIT

01/08/14 USD/INR JULY SELL 60.60 60.40-60.10 60.90 NOT EXECUTED

01/08/14 JPY/INR JULY SELL 58.94 58.74-58.44 59.24 NOT EXECUTED

01/08/14 JPY/INR JULY BUY 59.28 59.58-59.88 58.98 BOOKED FULL

PROFIT

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

01/08/14 NIFTY FUTURE SELL 7740-7760 7700-7660 7800 BOOKED FULL

PROFIT

01/08/14 HIND PETRO FUTURE BUY 400 410-420 390 SL TRIGGERED

01/08/14 ADANIENT FUTURE SELL 440-445 435-425 450 BOOKED FULL

PROFIT

01/08/14 IFB CASH BUY 188-192 198-204 182 BOOKED FULL

PROFIT

31/07/14 NIFTY FUTURE BUY 7700-7720 7750-7790 7670 SL TRIGGERED

31/07/14 TATAMOTOR DVR FUTURE BUY 296-300 305-310 290 BOOKED FULL

PROFIT

31/07/14 HAVELLS FUTURE SELL 1180-1190 1150-1120 1220 CALL OPEN


DAILY REPORT

04th AUGUST 2014


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, AUG. 4

NONE SCHEDULED

TUESDAY, AUG. 5

10 AM ISM NONMANUFACTURING JULY -- 56.0%

10 AM FACTORY ORDERS JUNE -- -0.5%

WEDNESDAY, AUG. 6

8:30 AM TRADE DEFICIT JUNE -- -$44.4 BLN

THURSDAY, AUG. 7

8:30 AM WEEKLY JOBLESS CLAIMS AUG. 2 -- N/A

3 PM CONSUMER CREDIT JUNE -- $19.6 BLN

FRIDAY, AUG. 8

8:30 AM PRODUCTIVITY Q2 -- -3.2%

8:30 AM UNIT LABOR COSTS Q2 -- 5.7%

10 AM WHOLESALE INVENTORIES JUNE -- 0.5%


Economy & Finance

Stock market special report by epic research 4th august 2014