Stock market special report by epic research 8th august 2014

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Text of Stock market special report by epic research 8th august 2014

  • DAILY REPORT

    08th AUGUST 2014

    YOUR MINTVISORY Call us at +91-731-6642300

    Global markets at a glance

    Asian shares barring Nikkei retreated while investors flocked to safe haven assets such as bonds and gold on Thursday, spooked by a Russian troop build-up on the bor-der with Ukraine and tit-for-tat economic sanctions be-tween the West and Moscow. Sentiment soured further in Asia after the Australian dollar, seen as a barometer of risk appetite, sank after Australia's unemployment rate jumped unexpectedly to a 12-year high, sparking talk of an interest rate cut there. Japan's Nikkei gained 0.4%. However, Hang Seng dipped 0.8%. Asian shares tumbled on Friday as inves-tors sought out safe-haven assets on growing fears that conflicts in Ukraine and the Middle East could sap global growth, extending losses after U.S. President Obama said he had authorized air strikes in Iraq.

    European shares were also trading weak as investors turned cautious on concerns over the emerging tensions between Ukraine and Russia. The CAC-40, DAX and FTSE-100 were down 0.2-0.4%.

    Wall Street

    Stocks ended lower yesterday, continuing a recent streak of weakness as Russia's surprisingly harsh retaliatory meas-ures in response to Western sanctions raised concerns about global growth. The DJI average fell 75.07pts, or 0.46%, to 16,368.27, S&P 500 ended down 10.67pts, or 0.56 %, to 1,909.57,Nasdaq lost 20.09pts, or 0.46 %, to 4,334.97.

    Previous day Roundup

    Benchmark share indices ended lower on Thursday, amid a volatile trading session, with IT majors declining the most after the rupee appreciated against the US dollar and lower revenue growth guidance from its competitor Cogni-zant. The S&P BSE Sensex lost 76 points to end at 25,589 while the CNX Nifty shed 23 points to end at 7,649. The broader markets ended in line with the large counterparts. BSE Midcap and Smallcap indices slipped by 0.5%, each.

    ndex stats

    The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 64.03pts], Capital Goods [down 38.88pts], PSU [up 21.34pts], FMCG [down 9.48pts], Auto [down 14.21pts], Healthcare [down 22.17pts], IT [down 125.82Pts], Metals [down 19.21pts], TECK [down 63.35 pts], Oil& Gas [up 49.10 pts], Power [down 6.61pts], Realty [down 6.52pts].

    World Indices

    Index Value % Change

    D J l 16368.27 -0.46

    S&P 500 1909.57 -0.56

    NASDAQ 4334.97 -0.46

    EURO STO 3012.88 -1.23

    FTSE 100 6597.37 -0.58

    Nikkei 225 14812.61 -2.76

    Hong Kong 24225.04 -0.67

    Top Gainers

    Company CMP Change % Chg

    INFY 3,560.00 47.00 1.34

    POWERGRID 134.15 1.70 1.28

    ASIANPAINT 640.00 6.60 1.04

    M&M 1,240.00 9.90 0.80

    RELIANCE 990.05 6.20 0.63

    Top Losers

    Company CMP Change % Chg

    ITC 345.35 10.65 -2.99

    PNB 950.00 26.50 -2.71

    ICICIBANK 1,446.80 39.75 -2.67

    SSLT 287.70 7.20 -2.44

    AXISBANK 383.70 9.25 -2.35

    Stocks at 52 Weeks high

    Symbol Prev. Close Change %Chg

    ASIANPAINT 640.00 6.60 +1.04

    DABUR 204.90 2.05 +1.01

    HINDUNILVR 707.00 2.15 +0.31

    TATACHEM 374.35 2.15 +0.57

    TECHM 2187.70 12.30 +0.56

    Indian Indices

    Company CMP Change % Chg

    NIFTY 7672.05 -74.50 -0.96

    SENSEX 25665.27 -242.74 -0.94

    Stocks at 52 Weeks Low

    Symbol Prev. Close Change %Chg

    BHUSANSTL 305.00 76.20 -19.99

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  • DAILY REPORT

    08th AUGUST 2014

    YOUR MINTVISORY Call us at +91-731-6642300

    STOCK RECOMMENDATIONS [FUTURE]

    1. PNB FUTURE

    PNB FUTURE is looking week on charts, short build up has been seen, we may see more downside, if it sustains below 960 levels. We advise selling around 960-970 levels with strict stop loss of 985 for the targets of 950-935 levels.

    2. ICICI BANK FUTURE

    ICICI BANK is looking week on charts, short build up has been seen, we may see more downside, if it sustains below 1440 levels. We advise selling around 1440 levels with strict stop loss of 1480 for the targets of 1400-1360 levels.

    EQUITY CASH & FUTURE

    STOCK RECOMMENDATION [CASH]

    1. TATA SPONGE

    TATASPONGE week on daily chart. We advise selling

    around 860 level with strict stop loss 876 for the targets of

    844-828

    MACRO NEWS

    Results Today: SBI , M&M , Corporation Bank , Sun TV ,

    Chambal Fertilizers , Bajaj Hindusthan , Sobha Develop-

    ers , Essar Shipping, PC Jeweller, NDTV, Wonderla Holi-

    days, Lumax Auto Tech, Marico Kaya Enterprises, LT

    Foods, Kesoram Industries, KEI Industries, IL&FS Engineer-

    ing, Gujarat State Fertilizers & Chemicals, Gammon Infra-

    structure, Gabriel India, Finolex Cables, Birla Corp.

    India's contribution to the World Market cap has climbed

    up to 2.3%, which is above its long period average, for the

    first time since Jan-13. As per latest data, India's market

    cap-to-GDP ratio is at an attractive 70% compared to its

    long-period average of 72%.

    FII ban revocation applicable from date of FDI press note -

    Cabinet approves FII cap in defence at 24 percent.

    PTC India Financial Services approves loans of over Rs

    1,000 crore to power projects

    Government cancels auction of 3 coal blocks.

    JubilFood Q1 net down 19%, same store sales contracts.

    ApolloTyres approves raising of funds up to USD 200 mn.

    Havells India board approves sub-division of nominal val-

    ues of equity shares from face value of Rs 5 to Re 1.

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  • DAILY REPORT

    08th AUGUST 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 7,700 100.05 3,44,272 34,85,550

    NIFTY PE 7,600 62.15 3,10,925 56,11,650

    NIFTY PE 7,500 37.1 2,37,244 57,76,400

    BANKNIFTY PE 15,000 248 20,922 2,69,275

    INFY PE 3,500 55 2,506 94,375

    RELIANCE PE 1,000 24.9 2,398 4,59,750

    SBIN PE 2,400 58.45 1,769 1,92,250

    HEROMOTOCO PE 2,500 35.35 1,334 62,750

    MOST ACTIVE CALL OPTION

    Symbol Op-

    tion

    Type

    Strike

    Price

    LTP Traded

    Volume

    (Contracts)

    Open

    Interest

    NIFTY CE 7,800 53.75 3,44,226 43,45,400

    NIFTY CE 7,900 26.3 2,99,218 42,34,750

    NIFTY CE 8,000 12 2,38,466 61,37,150

    BANKNIFTY CE 16,000 42 28,883 4,27,775

    RELIANCE CE 1,000 19.2 7,394 11,52,500

    INFY CE 3,600 65.65 4,617 2,44,750

    SBIN CE 2,500 52.7 3,422 8,92,750

    LT CE 1,500 34 3,055 5,49,000

    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 42834 1645.67 53819 2064.98 265064 10141.58 -419.32

    INDEX OPTIONS 411335 15743.34 397310 15239.14 1320649 50475.29 504.20

    STOCK FUTURES 59258 2213.39 52370 2003.00 1369944 48977.85 210.38

    STOCK OPTIONS 48805 1821.18 49789 1851.74 61928 2223.01 -30.56

    TOTAL 264.70

    INDICES R2 R1 PIVOT S1 S2

    NIFTY 7,772.65 7,722.35 7,690.65 7,640.35 7,608.65

    BANK NIFTY 15,333.02 15,170.83 15,077.17 14,914.98 14,821.32

    STOCKS IN NEWS

    Jet Airways to sell its low cost arm JetLite.

    Essar to shut 40k bpd crude unit for 7 days in Aug sec-

    ond half.

    India Cements Q1 cuts loss to Rs 3 cr, OPM up 360 bps

    QoQ

    RCom receives Rs 650cr from promoter group.

    Bharti Airtel to complete sale of Africa towers biz.

    NIFTY FUTURE

    Nifty Future closed downside in the last trading session.

    We advise selling around 7650 level with strict stop loss

    of 7700 for the targets of 7600-7550

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  • DAILY REPORT

    08th AUGUST 2014

    YOUR MINTVISORY Call us at +91-731-6642300

    COMMODITY MCX

    RECOMMENDATIONS

    SILVER

    TRADING STRATEGY:

    BUY SILVER SEP ABOVE 44050 TGTS 44250,44550 SL 43750

    SELL SILVER SEP BELOW 43730 TGTS 43530,43230 SL 44050

    GOLD

    TRADING STRATEGY:

    BUY GOLD OCT ABOVE 28850 TGTS 28930,29030 SL 28750

    SELL GOLD OCT BELOW 28750 TGTS 28670,28570 SL 28850

    COMMODITY ROUNDUP

    Silver prices moved up by 0.26% to Rs 44,036 per kg in

    futures trade yesterday as speculators enlarged posi-

    tions, supported by a firming global trend. At the MCX,

    silver for delivery in September advanced by Rs 116, or

    0.26% to Rs 44,036 per kg in business turnover of 1,979

    lots. In a similar fashion, the white metal for delivery in

    far-month December gained Rs 100, or 0.22% to Rs

    44,803 per kg in 24 lots. Speculators enlarged positions in

    tandem with a firming global trend, mainly led to the rise

    in silver prices at futures trade. Meanwhile, silver rose

    0.2% to USD 20.08 an ounce in Singapore.

    Zinc futures prices yesterday edged up by 0.14% to Rs

    144.80 per kg after speculators built-up positions amid a

    firming trend in the spot market on good demand. Be-

    sides, metal's strength at LME supported the upside. At

    the Multi Commodity Exchange, zinc for delivery in Au-

    gust edged up by 20 paise, or 0.14%, to Rs 144.80 per k