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Stock market special report by epic research 11th april 2014
1. DAILY REPORT
11th
APRIL 2014
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance
CBOE VIX jumps 15% to 16. Europe ends lower. Asia joins
the US rout, Japans’ Nikkei at 6-month low. European
shares inched higher on Thursday after minutes of the U.S.
Federal Reserve's latest policy meeting suggested it would
be less inclined than anticipated to raise interest rates.
Japanese shares sank to six-month lows on Friday as an
escalating selloff on Wall Street spread to Asia and slugged
markets that had been fairly resilient up to now. Markets
across Asia were spooked by the scale of the losses, with
Korea .KS11 down 0.9 percent in morning trade and Aus-
tralia .AXJO 0.7 percent. MSCI's broadest index of Asia-
Pacific shares outside Japan .MIAPJ0000PUS lost 0.7%.
Wall Street Update
The Nasdaq suffered its biggest drop in two-and-a-half
years on Thursday after another sharp selloff in biotech
and momentum names, including Gilead Sciences and Tri-
pAdvisor, increasing investor anxiety about a broader pull-
back. The Nasdaq biotechnology index shed 5.6 percent,
its biggest one-day drop since August 2011, adding to re-
cent losses since a large drop in Gilead more than two
weeks ago triggered a wider selloff for biotechs and other
recent big gainers. That index is now down 18.8 percent
since its February 25 record close. The S&P 500 also
posted its biggest percentage loss since February 3.
Previous day Roundup
The market ended with marginal gains as the Nifty slipped
below 6800. The Nifty was flat to end at 6796.40 while the
Sensex was up 12.99 points at 22715.33. About 1476
shares advanced, 1221 shares declined, and 189 shares
were unchanged. Indian shares retreated from record
highs hit earlier in the session to end flat as profit-taking
hit blue chips such as Infosys Ltd on caution ahead of the
release of quarterly earnings and inflation data next week.
Index stats
The Market was very volatile in Monday s session. The sar-
torial indices performed as follow Consumer Durables
[down 25.88pts], Capital Goods [up 194.94pts], PSU [ up
63.66pts], FMCG [down 32.32pts], Realty [up pts], Power
[down pts], Auto [up 3.30pts], Healthcare [down
155.75pts], IT [down 69.81pts], Metals [up 22.50pts], TECK
[down 36.03pts], Oil& Gas [up 71.73pts].
World Indices
Index Value % Change
D J l 16,170.22 -1.62
S&P 500 1,833.08 -2.09
NASDAQ 4,054.11 -3.10
EURO STO 3,152.86 -0.94
FTSE 100 6,641.97 +0.10
Nikkei 225 13,969.65 -2.31
Hong Kong 23,072.44 -0.49
Top Gainers
Company CMP Change % Chg
TATAPOWER 87.25 3.30 +3.93
NTPC 124.00 3.45 +2.86
BPCL 451.50 11.45 +2.60
CAIRN 359.40 8.40 +2.39
TATAMOTORS 429.35 8.45 +2.01
Top Losers
Company CMP Change % Chg
DRREDDY 2,541.10 83.30 -3.17
SUNPHARMA 613.00 17.00 -2.70
HCLTECH 1,352.00 28.25 -2.05
LUPIN 954.50 18.90 1.94
TECHM 1,705.00 32.75 -1.88
Stocks at 52 Week’s high
Symbol Prev. Close Change %Chg
ADANIENT 467.80 85.45 +22.35
BANKBARODA 781.10 11.10 -1.40
CAIRN 359.40 8.40 +2.39
CROMPGREAV 174.80 9.65 +5.84
GMRINFRA 25.60 0.30 -1.16
Indian Indices
Company CMP Change % Chg
NIFTY 6,796.40 +0.20 0.00
SENSEX 22,715.33 +12.99 +0.06
Stocks at 52 Week’s Low
Symbol Prev. Close Change %Chg
2. DAILY REPORT
11th
APRIL 2014
YOUR MINTVISORY Call us at +91-731-6642300
STOCK RECOMMENDATIONS [FUTURE]
1. TATA POWER [FUTURE]
TATA POWER FUTURE is looking strong on charts, long build
up has been seen, we may see more upside, if it sustains
above 88 levels. We advise buying around 87-88 levels with
strict stop loss 85 for the targets of 90-92 levels.
2. AUROPHARMA [FUTURE]
AUROPHARMA FUTURE is looking weak on charts, short
build up has been seen, we may see more downside, if it
sustains below 550 levels. We advise selling around 555-
550 levels with strict stop loss 565 for the targets of 540-
535.
EQUITY CASH & FUTURE
STOCK RECOMMENDATION [CASH]
1. MCX [CASH]
MCX is looking strong on charts. We advise buying around
550-560 levels with strict stop loss of 535 for the targets of
575-590 levels.
MACRO NEWS
Adani Enterprises registered combined volume activity
(BSE+NSE) of nearly 3 cr. shares. On the BSE, the stock has
registered a volume activity of 48.4 lakh shares today
which is more than 10 times its two week average of 4.4
lakh shares.
The earnings season will kick in next week with companies
declaring their quarterly results for the financial year
ended March 31, 2014.
CRISIL Research expects the average revenue growth for
corporate to dip 7-9% in Q4FY14, while EBITDA margins to
remain stable at 17.2%. It, however, sees the revenue
growth to recover gradually in 2014-2015.
Excise collection up 2%, service tax 14% in West Bengal
for FY 14.
Next week marks the start of quarterly earnings reports,
while India will also release CPI data, in the midst of a five
-week elections. Overseas investors have been heavy buy-
ers of Indian shares, buying $173.50 mn worth of shares
on Wednesday, totaling $4.7 bn so far in 2014. But DII are
much less subdued in their buying. Life Insurance Corp
was spotted selling IT and bank shares after a recent rally.
3. DAILY REPORT
11th
APRIL 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 6,700 28.75 3,40,363 58,40,400
NIFTY PE 6,800 60.25 3,28,422 39,71,800
BANKNIFTY PE 6,600 13.8 1,85,346 53,22,750
BANKNIFTY PE 12,500 68 27,597 2,93,650
SBIN PE 2,000 35 5,070 1,75,250
INFY PE 3,000 44 2,591 2,52,875
RELIANCE PE 960 12.8 2,334 2,30,250
DLF PE 180 9 1,349 10,62,000
MOST ACTIVE CALL OPTION
Symbol Option
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 6,900 32.45 3,58,759 39,39,450
NIFTY CE 6,800 73 3,46,708 35,44,350
NIFTY CE 7,000 13.1 2,41,135 35,79,000
BANKNIFTY CE 13,500 53.25 44,342 3,88,650
SBIN CE 2,100 23.45 7,067 3,26,875
DLF CE 190 3.5 5,002 36,34,000
JPASSOCIAT CE 60 2.35 3,617 67,44,000
RELIANCE CE 980 14.75 3,286 3,37,000
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 58331 1980.49 68712 2335.41 362733 12322.00 -354.91
INDEX OPTIONS 410798 13791.16 347871 11679.59 1529295 51871.74 2111.57
STOCK FUTURES 103703 4006.54 114359 4360.49 1097847 38692.55 -353.95
STOCK OPTIONS 59860 2195.03 60885 2232.61 57457 2041.52 -37.58
TOTAL 1365.12
INDICES R2 R1 PIVOT S1 S2
NIFTY 6755.83 6776.11 6797.58 6817.86 6839.33
NIFTYJUNIOR 13620.46 13751.73 13848.11 13979.38 14075.76
BANK NIFTY 12787.66 12868.53 12962.06 13042.93 13136.46
STOCKS IN NEWS
Financial Technologies India Ltd has received non-
binding bids from about 8-10 companies interested in
buying its stake in commodities exchange MCX.
Piramal Enterprises to sell Vodafone stake for Rs
8,900 cr.
Bandhan may hire consultancy firm to prepare bank's
blueprint
Suzlon Energy to sell Rs 1,000 crore of non-core local
assets
NIFTY FUTURE
Nifty Future closed in the green in the last trading ses-
sion. We advise buying around 6800- 6820 levels with
strict stop loss of 6750 for the targets of 6860-6890 lev-
els.
4. DAILY REPORT
11th
APRIL 2014
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
SILVER
TRADING STRATEGY:
BUY SILVER(MAY) ABOVE 43560 TGTS 43760/44060 SL
43200
SELL SILVER(MAY) BELOW 43200 TGTS 43000/42700 SL
43550
GOLD
TRADING STRATEGY:
BUY GOLD(JUN) ABOVE 28790 TGTS 28870/28970 SL 28680
SELL GOLD(JUN) BELOW 28600 TGTS 28520/28420 SL 28710
COMMODITY ROUNDUP
MCX Gold futures witnessed a strong rally yesterday, ex-
tending the recent break as geopolitical worries and pros-
pects of easy money conditions continuing in the US sup-
ported the sentiments. The yellow metal jumped back soon
above $1300 an ounce after tumbling below $1280 an
ounce last week amid growing expectations that the Fed
will raise interest rates sooner than expected. COMEX Gold
quotes at $1323, up $17.10 per ounce on the day. MCX
Gold futures are trading at Rs 28723, up Rs 306 per 10
grams on the day or 1%. The open interest has spurted by
6%. Gold futures have added gains this week getting sup-
port from rising tensions over Ukraine and also as the Fed
minutes revealed that officials were not keen on increasing
interest rates anytime soon.
Federal Reserve policymakers last month were concerned
that a rise in their interest rate forecasts could suggest a
faster hike in rates than markets had expected and took
pains to stress those rates would remain very low for some
time, according to minutes of the Fed's March 18-19 meet-
ing released Wednesday. The minutes also reveal the Fed
held a March 4 meeting by videoconference, where mem-
bers agreed that the Fed's threshold for starting to raise
rates -- when the unemployment rate reached 6.5% -- was
becoming outdated. The unemployment rate fell below
7.0% in December.
MCX Copper futures were trading on a flat note yesterday.
The global copper prices stayed on edge following tepid
foreign trade data from China- the second largest economy
in the world. China's March exports fall 6.6% vs. year earlier
while the imports also dropped 11.3% vs. year earlier.
COMEX Copper stayed in a tight range following this and
currently quotes at $3.0340, down 0.10% on the day. MCX
Copper futures are trading at Rs 404.05, down Rs 0.15 per
kg on the day.
Oil prices looked away from the standoff in Ukraine on
Thursday and fell on soft Chinese trade numbers and a
weak U.S. supply report. On the New York Mercantile Ex-
change, West Texas Intermediate crude oil for delivery in
May traded at $103.40 a barrel during U.S. trading, down
0.19%. New York-traded oil futures hit a session low of
$103.12 a barrel and a high of $103.80 a barrel.
COMMODITY MCX
5. DAILY REPORT
11th
APRIL 2014
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
DHANIYA
BUY DHANIYA APR ABOVE 9450 TGTS 9480,9530 SL 9400
SELL DHANIYA APR BELOW 9370 TGTS 9340,9290 SL 9420
GUARSEED
BUY GUARSEED APR ABOVE 4560 TGTS 4590,4640 SL 4510
SELL GUARSEED APR BELOW 4510 TGTS 4480,4430 SL 4560
NCDEX
NCDEX INDICES
Index Value % Change
Castor Seed 3880 +0.13
Chana 3079 -0.03
Coriander 9405 -2.73
Cotton Seed Oilcake 1471 -1.87
Jeera 4525 +0.44
Maize– Feed/Industrial
Grade
9860 +0.66
Mustard seed 3403 0.00
Soy Bean 4390 -0.66
Turmeric 6164 -0.26
NCDEX ROUNDUP
Jeera prices moved up by 1.91% to Rs 10,115 per quintal in
futures market yesterday after speculators built-up posi-
tions, driven by a rise in demand in the spot market against
restricted supplies from producing region. At the NCDEX
jeera for delivery in May moved up by Rs 190, or 1.91% to
Rs 10,115 per quintal with an open interest of 8400 lots.
Similarly, the spice for delivery in April gained Rs 180, or
1.84% to Rs 9975 per quintal in 2088 lots. The rise in jeera
prices at futures trade was mostly on the back of rising de-
mand in the spot markets against restricted supplies.
Chana prices rose by 0.29% to Rs 3,072 per quintal in fu-
tures trade yesterday as speculators created fresh posi-
tions, supported by rising demand in the spot market. How-
ever, expectations of higher output restricted the gains. At
the NCDEX, chana for delivery in May rose by Rs 9, or
0.29%, to Rs 3,134 per quintal with an open interest of
89,870 lots. Similarly, the commodity for delivery in April
contract traded higher by Rs 8, or 0.26%, to Rs 3,088 per
quintal in 26,760 lots. Fresh positions built up by specula-
tors after pick up in demand in the spot market mainly led
to rise in chana prices at futures trade.
6. DAILY REPORT
11th
APRIL 2014
YOUR MINTVISORY Call us at +91-731-6642300
GBP/INR
SELL GBP-INR BELOW100.96 TGTS 100.83, 100.68 SL 101.21.
BUY GBP-INR ABOVE 101.44 TGTS 101.57, 101.72 SL
101.19.
USD/INR
SELL USD-INR BELOW 60.21 TGTS 60.08, 59.93 SL 60.46.
BUY USD-INR ABOVE 60.53 TGTS 60.66, 60.81 SL 60.28.
CURRENCY ROUNDUP
The Indian rupee opened marginally higher by 9 paise at
60.04 per dollar on Thursday as against previous closing
value of 60.13 a dollar. The dollar drifted at three-week
lows against a basket of major currencies, having fallen for
a fourth session after minutes from the Federal Reserve's
March meeting disappointed dollar bulls. And Indian rupee
ended little changed on Thursday as caution prevailed
ahead of a slew of economic data, while dollar demand by
state-run banks, which traders attributed to defense and oil
-related payments, weighed on sentiment. The data, start-
ing with industrial output on Friday and consumer inflation
on Tuesday, comes as voting gets underway in the coun-
try's general elections.
The dollar is on track for its biggest weekly fall in nine-
months early on Friday, having given up all of its recent
gains as markets become increasingly convinced that any
interest rate hike by the Federal Reserve is still a long way
off. The U.S. Treasuries market rallied on Thursday with
benchmark yields falling to their lowest in nearly four
weeks as market friendly minutes from the Federal Re-
serve's March policy meeting renewed appetite for govern-
ment debt.
The dollar weakened against most major currencies on
Thursday as investors continued to avoid the greenback
after the minutes from the Federal Reserve's March policy
meeting revealed monetary authorities are concerned with
soft consumer prices. In U.S. trading on Thursday, EUR/USD
was up 0.27% at 1.3893. The Federal Reserve Board of Gov-
ernors unanimously voted to scrap a threshold that would
hike interest rates once the unemployment rate hits 6.5%.
The dollar was down against the yen, with USD/JPYY down
0.55% at 101.43, and down against the Swiss franc, with
USD/CHF down 0.43% at 0.8758. The greenback was up
against the pound, with GBP/USD down 0.02% at 1.6790.
CURRENCY
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 60.2115 Yen-100 59.1800
Euro 83.3340 GBP 101.0469
7. DAILY REPORT
11th
APRIL 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
10/04/14 MCX GOLD JUNE BUY 28600 28680-28780 28480 BOOKED FULL PROFIT
10/04/14 MCX GOLD JUNE SELL 28350 28270-28170 28470 NOT EXECUTED
10/04/14 MCX SILVER MAY BUY 42850 43050-43400 42500 BOOKED FULL PROFIT
10/04/14 MCX SILVER MAY SELL 42500 42300-42000 42830 NOT EXECUTED
10/04/14 NCDEX GUARSEED APR. BUY 4630 4660-4710 4580 NOT EXECUTED
10/04/14 NCDEX GUARSEED APR. SELL 4480 4450-4400 4530 NOT EXECUTED
10/04/14 NCDEX DHANIYA APR. BUY 9710 9740-9790 9660 BOOKED FULL PROFIT
10/04/14 NCDEX DHANIYA APR. SELL 9635 9605-9555 9695 BOOKED FULL PROFIT
10/04/14 EUR/INR APR. BUY 83.44 83.57-73.72 83.19 NOT EXECUTED
10/04/14 EUR/INR APR. SELL 82.88 82.75-82.60 83.13 NOT EXECUTED
10/04/14 USD/INR APR. SELL 60.17 60.04-59.89 60.42 NOT EXECUTED
10/04/14 USD/INR APR. BUY 60.53 60.66-60.81 60.28 NOT EXECUTED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
10/04/14 NIFTY FUTURE BUY
6800-
6820
6860-6890 6750 BOOKED PROFIT
10/04/14 YES BANK FUTURE BUY 445-450 465-485 430 CALL OPEN
10/04/14 SYNDICATE BANK FUTURE BUY 102-103 104-107 100 BOOKED PROFIT
10/04/14 ESCORTS INDIA CASH BUY 125-128 132-138 120 BOOKED PROFIT
04/04/14 HINDUNILEVER FUTURE BUY 605-610 618-623 595 BOOKED PROFIT
01/04/14 BGR ENERGY CASH BUY 130-135 142-148 122 BOOKED PROFIT
09/04/14 BHARTI AIRTEL FUTURE BUY 322 325-330 316.5 BOOKED PROFIT
09/04/14 RCOM CASH BUY 136 138-142 133 BOOKED PROFIT
8. DAILY REPORT
11th
APRIL 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, APRIL 07
3 PM CONSUMER CREDIT FEB. -- $13.7 BLN
TUESDAY, APRIL 08
7:30 AM NFIB SMALL BUSINESS INDEX MARCH -- 91.4
10 AM JOB OPENINGS FEB. -- 4 MLN
WEDNESDAY, APRIL 09
10 AM WHOLESALE INVENTORIES FEB. -- 0.6%
2 PM FOMC MINUTES 3/19 --
THURSDAY, APRIL 10
8:30 AM JOBLESS CLAIMS 4/10 N/A N/A
8:30 AM IMPORT PRICE INDEX MARCH -- 0.9%
2 PM FEDERAL BUDGET MARCH -$107 BLN
FRIDAY ,APRIL 11
8:30 AM PRODUCER PRICE INDEX MARCH -- -0.1%
9:55 AM UMICH CONSUMER SENTIMENT APRIL -- 80.0