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DAILY REPORT
30th
JUNE 2014
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance
Europe's main stock indicator, the FTSEurofirst300 set-
tled at 1,371.28, flat on the day, but down 1.7 percent for
its first weekly loss in 10 weeks. The MSCI world stocks
gauge was at 428.10, up 0.2 percent on the day but down
0.3 percent on the week.
Asian shares were mostly in the red on Friday, weighed
down by a weak performance on Wall Street and doubts
about the strength of the U.S. economy, which pushed
bonds higher.
Wall Street Update
US stocks erased early losses to close up on Friday but
still finished the week lower on mixed economic data,
while European equities had their first weekly drop since
April on worries over Iraq and Ukraine. US Treasuries
yields eased at the end of a week of steady price gains for
government bonds, fueled by increasing worries that
economic growth in the world's No. 1 economy may be
slower than policymakers believe. The Dow Jones indus-
trial average rose 5.71 points, or 0.03 percent, to end at
16,851.84. The S&P 500 gained 3.74 points, or 0.19 per-
cent, to finish at 1,960.96. The Nasdaq Composite ad-
vanced 18.88 points, or 0.43 percent, to close at
4,397.93.
Previous day Roundup
The market ended first day of July series on a flat note.
The Sensex is up 37.25 points at 25099.92 and the Nifty is
up 15.60 points at 7508.80. About 1720 shares advanced,
1287 shares declined and 107 shares are unchanged. IT
stocks supported the indices with TCS and Wipro gaining
2-3 percent each. Sun Pharma, Cipla and Dr Reddy's Labs
were other gainers. BHEL, Hindalco, Bharti Airtel and
M&M were major losers.
Index stats
The Market was very volatile in last session. The sartorial
indices performed as follow; Consumer Durables [down
67.55pts], Capital Goods [down 57.63pts], PSU [down
43.39pts], FMCG [up 32.88pts], Realty [up 16.26pts],
Power [up 15.5pts], Auto [down 82.08pts], Healthcare
[up 272.33pts], IT [up 221.59Pts], Metals [down
170.01pts], TECK [up 91.28pts], Oil& Gas [up 7.9pts].
World Indices
Index Value % Change
D J l 16851.84 +0.03
S&P 500 1960.96 +0.19
NASDAQ 4397.93 +0.43
EURO STO 3227.85 -0.17
FTSE 100 6757.77 +0.34
Nikkei 225 15095 -1.39
Hong Kong 23221.52 +0.10
Top Gainers
Company CMP Change % Chg
TECHM 2131.00 83.8 +4.09
TCS 2400.10 92.45 +4.01
SUNPHARMA 659.70 24.55 +3.87
PPOWERGRID 137.05 4.50 +3.39
CIPLA 439.25 13.70 +3.22
Top Losers
Company CMP Change % Chg
MCDOWELL-N 2479.00 97.25 -3.77
ULTRACEMCO 2584.00 101.05 -3.76
BHEL 244.35 6.85 -2.73
HINDALCO 160.85 4.40 -2.66
M&M 1150.80 25.10 -2.13
Stocks at 52 Week’s high
Symbol Prev. Close Change %Chg
ARVIND 231.80 1.85 -0.79
ASIANPAINT 583.30 1.50 -0.26
BIOCON 524.75 4.45 +0.86
CENTURYTEX 583 13.85 +2.43
IGL 352.45 4.80 +1.38
Indian Indices
Company CMP Change % Chg
NIFTY 7508.80 +15.60 +0.21
SENSEX 25099.92 +37.25 +0.15
Stocks at 52 Week’s Low
Symbol Prev. Close Change %Chg
DAILY REPORT
30th
JUNE 2014
YOUR MINTVISORY Call us at +91-731-6642300
STOCK RECOMMENDATIONS [FUTURE]
1. HEXAWARE FUTURE
HEXAWARE FUTURE is looking strong on charts, long build
up has been seen, we may see more upside, if it sustains
above 155 levels. We advise buying around 155-158 levels
with strict stop loss 152 for the targets of 161-164 levels.
2. BHARAT FORGE FUTURE
BHARAT FORGE FUTURE is looking strong on charts, long
build up has been seen, we may see more upside, if it sus-
tains above 600 levels. We advise buying around 605 – 610
levels with strict stop loss 590 for the targets of 620-630.
EQUITY CASH & FUTURE
STOCK RECOMMENDATION [CASH]
1. GATI
GATI trend-line breakout on daily chart. We advise selling
around 112 level with strict stop loss 114 for the targets of
110-108
MACRO NEWS
Overseas investors sold Indian shares worth 6.01 billion
rupees ($100.67 million) on Thursday, marking their big-
gest single day of sales since March 10, provisional ex-
change data showed.
The backdrop of government deferring a key gas price
hike decision while a lagging monsoon and the newly-
elected government's maiden budget on July 10 can add
uncertainty in the market.
India's infrastructure output data for May, due on Mon-
day, and manufacturing PMI on Tuesday would also be
watched.
Ranbaxy received approval from the U.S. Food and Drug
Administration to launch a cheaper copy of Novartis AG's
blood pressure pill Diovan, bolstering its outlook.
A company owned by high net worth individual Radhak-
ishan Damani, bought a stake in Century Textile in a block
deal on Thursday.
Gail (India) Ltd ended lower after 14 people were killed
and 20 injured on Friday in a blast and fire at a gas pipe-
line in Andhra Pradesh, again raising safety concerns over
the country's energy projects.
DAILY REPORT
30th
JUNE 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 7,400 94.1 1,09,434 25,34,350
NIFTY PE 7,300 64.8 97,062 28,71,250
BANKNIFTY PE 7,500 132.7 85,972 26,31,000
BANKNIFTY PE 15,000 412 8,200 2,65,100
RELIANCE PE 1,000 22.05 1,312 3,03,500
TCS PE 2,300 43 983 46,625
MCDOWELL-N PE 2,300 53.3 909 1,13,000
SBIN PE 2,600 70 667 1,72,625
MOST ACTIVE CALL OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 7,700 87 1,27,223 27,16,050
NIFTY CE 8,000 20.4 1,01,588 50,42,450
BANKNIFTY CE 7,600 130 99,691 30,20,300
BANKNIFTY CE 16,000 175 7,890 1,59,200
TCS CE 2,400 90 2,660 87,875
TCS CE 2,500 49.45 2,072 1,07,625
RELIANCE CE 1,100 10.25 1,783 8,49,000
INFY CE 3,300 100 1,677 1,73,000
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 24774 935.56 25059 945.71 296478 11185.22 -10.15
INDEX OPTIONS 194106 7258.38 164540 6239.11 1076163 40401.06 1019.27
STOCK FUTURES 63681 2356.45 85467 3252.82 1469018 54110.58 -896.37
STOCK OPTIONS 27342 1049.64 26824 1041.19 27076 1004.81 8.45
TOTAL 121.20
INDICES R2 R1 PIVOT S1 S2
NIFTY 7,566.40 7,537.60 7,509.95 7,481.15 7,453.50
BANK NIFTY 15,189.08 15,090.72 15,018.78 14,920.42 14,848.48
STOCKS IN NEWS
Morgan Stanley upgraded the stock to "overweight"
from "equal-weight" and increased the price target to
400 rupees from 360 rupees.
Sun Pharma & Ranbaxy jumped on U.S. regulator's ap-
proval for a key drug & IT stocks gained after rival Ac-
centure Plc reported robust quarterly revenues.
ONGC to invest Rs 5,700 crore in Mumbai High North
development.
L&T Finance Holdings to seek shareholder nod for Rs
1,000 crore NCD issue on July 24
NIFTY FUTURE
Nifty Future closed flat in the last trading session. We
advise selling around7500levels with strict stop loss of
7550 for the targets of 7450-7400
DAILY REPORT
30th
JUNE 2014
YOUR MINTVISORY Call us at +91-731-6642300
COMMODITY MCX
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
BUY GOLD ABOVE 27800 TGT 27900,28150 SL BELOW
27700
SELL GOLD BELOW 27600 TGT 27500,27350 SL ABOVE
27720
SILVER
TRADING STRATEGY:
BUY SILVER ABOVE 44850 TGT 45050,45350 SL BELOW
44600
SELL SILVER BELOW 44400 TGT 44250,43900 SL ABOVE
44750
COMMODITY ROUNDUP
The union government is expected to cut 2% import duty in
gold in the forthcoming budget, as local jewellers run out of
inventors. The current account deficit is to widen to 2.6% of
GDP in FY15 from 1.7% in FY14 especially as latent demand
could lead to a spike in gold import demand. The March
quarter current account deficit came in at $1.3 billion. The
net gold imports will increase to $40 billion or 2% of GDP in
FY15 from $28.8 billion or 1.5% this past fiscal year. On our
part, we never took the shrinkage in the current account
deficit from 4.7% of GDP that seriously as it was achieved
by these unsustainable curbs in gold imports. The RBI needs
to raise forex reserves to stabilize Indian rupee expecta-
tions. At the same time, sovereign wealth funds have not
used up their on-tap $10bn limit.
Gold had a fourth straight weekly gain to above USD 1,316
an ounce, as geopolitical unrest in Iraq and Ukraine boosted
the precious metal's appeal and soft US data weakened the
dollar. Brent crude oil settled at USD 113.30 a barrel, up 0.1
percent on the day but down 1.4 percent on the week for
its worst week in a month as fighting in Iraq stayed away
from the country's south, where most of its oil is produced.
Gold prices rose by 0.43% to Rs 27,785 per 10 grams as
speculators created fresh positions taking positive cues
from overseas markets. At the MCX, gold for delivery in Au-
gust moved up by Rs 118, or 0.43%, to Rs 27,785 per 10
grams, with a business turnover of 677 lots. The metal for
delivery in far-month October rose by a similar margin to
trade at Rs 27,860 per ten grams, with a trade volume of 33
lots. Increased positions built-up by speculators after the
precious metal rallied to a two-week high in global markets
as investors assessed the outlook for US borrowing costs,
influenced gold futures here. Globally, gold in Singapore
added 0.20% to $1,319.52 an ounce.
Zinc futures were marginally down by 0.27 per cent to Rs
131.15 per kg on Friday amidst profit-booking by specula-
tors and subdued spot demand. At the Multi Commodity
Exchange, zinc for delivery in June traded lower by 35 paise,
or 0.27 per cent to Rs 131.15 per kg in business turnover of
291 lots. July zinc shed 30 paise, or 0.23 per cent to Rs
131.80 per kg in 58 lots. Besides profit-booking, subdued
demand from consuming industries in the spot market kept
pressure on zinc prices at futures trade.
DAILY REPORT
30th
JUNE 2014
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
DHANIYA
BUY DHANIYA JUL ABOVE 10790 TGTS 10820,10870 SL
10740
SELL DHANIYA JUL BELOW 10745 TGTS 10715,10665 SL
10795
GUARSEED
BUY GUARSEED JUL ABOVE 5850 TGTS 5880,5930 SL 5800
SELL GUARSEED JUL BELOW 5780 TGTS 5760,5710 SL 5830
NCDEX
NCDEX INDICES
Index Value % Change
Castor Seed 4434 2.50
Chana 2819 1.18
Coriander 10480 2.67
Cotton Seed Oilcake 1636 2.51
Guarseed 5385 3.96
Jeera 11355 3.98
Mustard seed 3540 0.77
Soy Bean 3998 -0.05
Sugar M Grade 3099 1.81
Turmeric 6640 3.98
NCDEX ROUNDUP
Till Thursday, the country had received 41% less June rain-
fall than normal Even as southwest monsoon continued to
remain sluggish over many parts of central and western In-
dia, month of June has been the driest in India in a decade.
Ram Vilas Paswan, the Union food minister, had reiterated
on Thursday that the government would not allow prices of
agri commodities to move up abnormally and spur inflation.
The third advanced estimates presented by the ministry of
agriculture in May showed rice production at 106.29 million
tonnes in 2013-14, as against the final estimate of 105.24
mt for the previous year. Maize production is estimated at
24.19 mt in 2013-14, compared with 22.26 mt earlier. The
output of ragi, a fully kharif crop, is expected to be 1.88 mt
in 2013-14, compared with 1.57 mt the previous year.
Fruit exports from Karnataka have touched Rs 488 crore
during 2013-14. The state exported 238 tonnes of fruits in-
cluding mango, grape, sapota, pineapple and banana,
pomegranate among others.
As per the government order dated May 26, 2014 and June
12, 2014 as per the NDRF / SDRF norms, Rs 326.50 crore
compensation amount has been released to the district
commissioners concerned by the Revenue Department
DAILY REPORT
30th
JUNE 2014
YOUR MINTVISORY Call us at +91-731-6642300
EUR/INR
SELL EUR/INR BELOW 82.16 TGTS 82.01, 81.86 SL 82.37.
BUY EUR/INR ABOVE 82.36 TGTS 82.51, 82.66 SL 82.15.
JPY/INR
BUY JPY/INR ABOVE 59.71 TGTS 59.86, 60.01 SL 59.50.
SELL JPY/INR BELOW 59.33 TGTS 59.18, 59.03 SL 59.54.
CURRENCY ROUNDUP
The Indian rupee snapped a four-week falling streak while
also gaining slightly on the day as continued foreign fund
inflows into debt and equity markets helped offset demand
for the greenback from importers.
The rupee has been trading in a tight range in recent ses-
sions and is expected to continue to do so until the federal
budget on July 10. There was good demand from importers,
particularly oil firms, to meet month-end import commit-
ments, preventing the rupee from rising sharply.
The partially convertible rupee closed at 60.0850/0950 per
dollar compared with 60.14/15 on Thursday. The unit
moved in a tight range of 60.0650 to 60.15 during the ses-
sion. The unit gained 0.17 percent on the week, snapping a
four-week falling streak. In the offshore non-deliverable
forwards, the one-month contract was at 60.41, while the
three-month was at 61.
The dollar was little changed against the other major cur-
rencies on Friday, as markets eyed the release of U.S. con-
sumer sentiment data, while Thursday's spending report
added to expectations that the Federal Reserve will keep
rates on hold for longer. The dollar was steady against the
euro, with EUR/USD up 0.07% to 1.3621.
The dollar remained under pressure after data on Thursday
showed that U.S. personal spending rose 0.2% last month,
below expectations for an increase of 0.4%. Personal spend-
ing for April was revised to a flat reading from a previously
reported decline of 0.1%.
At the same time, the U.S. Department of Labor showing
that the number of individuals filing for initial jobless bene-
fits in the week ending June 21 declined by 2,000 to 312,000
from the previous week's revised total of 314,000.
CURRENCY
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 60.058 Yen-100 59.2700
Euro 81.8820 GBP 102.3972
DAILY REPORT
30th
JUNE 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
27/06/14 MCX GOLD AUG. BUY 27750 27830-27930 27650 SL TRIGGERED
27/06/14 MCX GOLD AUG. SELL 27620 27540-27440 27720 SL TRIGGERED
27/06/14 MCX SILVER JULY BUY 44850 45050-45350 44600 NOT EXECUTED
27/06/14 MCX SILVER JULY SELL 44470 44270-43970 44770 SL TRIGGERED
27/06/14 NCDEX GUARSEED JULY BUY 5680 5710-5760 5630
BOOKED FULL
PROFIT
27/06/14 NCDEX GUARSEED JULY SELL 5550 5520-5470 5600 NOT EXECUTED
27/06/14 NCDEX DHANIYA JULY BUY 10630 10660-10710 10580
BOOKED FULL
PROFIT
27/06/14 NCDEX DHANIYA JULY SELL 10500 10470-10420 10550 NOT EXECUTED
27/06/14 USD/INR JULY BUY 60.64 60.79-60.94 60.43 NOT EXECUTED
27/06/14 USD/INR JULY SELL 60.36 60.21-60.06 60.57 NOT EXECUTED
27/06/14 GBP/INR JULY SELL 102.78 102.63-102.48 102.99 NOT EXECUTED
27/06/14 GBP/INR JULY BUY 103.08 103.23-103.38 102.87 NOT EXECUTED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
27/06/14 NIFTY FUTURE SELL 7500 7450-7400 7550 NOT EXECUTED
27/06/14 ARVIND FUTURE BUY 229-230 234-238 225 NOT EXECUTED
27/06/14 BIOCON FUTURE BUY 515-520 530-545 500 CALL OPEN
27/06/14 SONATASOFT CASH SELL 73 71.5-70 75.50 NOT EXECUTED
26/06/14 IRB FUTURE BUY 225-228 234-238 221 CALL OPEN
16/06/14 HINDUNILVR FUTURE BUY 635-640 655-675 610 CALL OPEN
16/06/14 DIVIS LAB FUTURE BUY 1340-1360 1400-1465 1290 CALL OPEN
10/06/14 POWER GRID FUTURE SELL 135 142-145 130 CALL OPEN
DAILY REPORT
30th
JUNE 2014
YOUR MINTVISORY Call us at +91-731-6642300
NEXT WEEK'S U.S. ECONOMIC REPORTS
ECONOMIC CALENDAR
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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
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Disclaimer
TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS
MONDAY, JUNE 30
9:45 am Chicago PMI June 64.7 65.5
10 am Pending home sales May -- 0.4%
TUESDAY, JULY 01
9:45 am Markit PMI June -- 57.5
10 am ISM June 55.7% 55.4%
10 am Construction spending May 0.5% 0.2%
TBA Motor vehicle sales June 16.5 mln 16.8 mln
WEDNESDAY, JULY 02
8:15 am ADP employment June -- 179,000
10 am Factory orders May 0.3% 0.7%
THURSDAY, JULY 03
8:30 am Weekly jobless claims 6/28 N/A N/A
8:30 am Nonfarm payrolls June 220,000 217,000
8:30 am Unemployment rate June 6.3% 6.3%
8:30 am Trade balance May -$45.0 bln -$47.2 bln
10 am ISM nonmanufacturing June 56.5% 56.3%
FRIDAY, JULY 04
Independence Day
None scheduled

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Stock market special report by epic research 30th june 2014

  • 1. DAILY REPORT 30th JUNE 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Europe's main stock indicator, the FTSEurofirst300 set- tled at 1,371.28, flat on the day, but down 1.7 percent for its first weekly loss in 10 weeks. The MSCI world stocks gauge was at 428.10, up 0.2 percent on the day but down 0.3 percent on the week. Asian shares were mostly in the red on Friday, weighed down by a weak performance on Wall Street and doubts about the strength of the U.S. economy, which pushed bonds higher. Wall Street Update US stocks erased early losses to close up on Friday but still finished the week lower on mixed economic data, while European equities had their first weekly drop since April on worries over Iraq and Ukraine. US Treasuries yields eased at the end of a week of steady price gains for government bonds, fueled by increasing worries that economic growth in the world's No. 1 economy may be slower than policymakers believe. The Dow Jones indus- trial average rose 5.71 points, or 0.03 percent, to end at 16,851.84. The S&P 500 gained 3.74 points, or 0.19 per- cent, to finish at 1,960.96. The Nasdaq Composite ad- vanced 18.88 points, or 0.43 percent, to close at 4,397.93. Previous day Roundup The market ended first day of July series on a flat note. The Sensex is up 37.25 points at 25099.92 and the Nifty is up 15.60 points at 7508.80. About 1720 shares advanced, 1287 shares declined and 107 shares are unchanged. IT stocks supported the indices with TCS and Wipro gaining 2-3 percent each. Sun Pharma, Cipla and Dr Reddy's Labs were other gainers. BHEL, Hindalco, Bharti Airtel and M&M were major losers. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 67.55pts], Capital Goods [down 57.63pts], PSU [down 43.39pts], FMCG [up 32.88pts], Realty [up 16.26pts], Power [up 15.5pts], Auto [down 82.08pts], Healthcare [up 272.33pts], IT [up 221.59Pts], Metals [down 170.01pts], TECK [up 91.28pts], Oil& Gas [up 7.9pts]. World Indices Index Value % Change D J l 16851.84 +0.03 S&P 500 1960.96 +0.19 NASDAQ 4397.93 +0.43 EURO STO 3227.85 -0.17 FTSE 100 6757.77 +0.34 Nikkei 225 15095 -1.39 Hong Kong 23221.52 +0.10 Top Gainers Company CMP Change % Chg TECHM 2131.00 83.8 +4.09 TCS 2400.10 92.45 +4.01 SUNPHARMA 659.70 24.55 +3.87 PPOWERGRID 137.05 4.50 +3.39 CIPLA 439.25 13.70 +3.22 Top Losers Company CMP Change % Chg MCDOWELL-N 2479.00 97.25 -3.77 ULTRACEMCO 2584.00 101.05 -3.76 BHEL 244.35 6.85 -2.73 HINDALCO 160.85 4.40 -2.66 M&M 1150.80 25.10 -2.13 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg ARVIND 231.80 1.85 -0.79 ASIANPAINT 583.30 1.50 -0.26 BIOCON 524.75 4.45 +0.86 CENTURYTEX 583 13.85 +2.43 IGL 352.45 4.80 +1.38 Indian Indices Company CMP Change % Chg NIFTY 7508.80 +15.60 +0.21 SENSEX 25099.92 +37.25 +0.15 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg
  • 2. DAILY REPORT 30th JUNE 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. HEXAWARE FUTURE HEXAWARE FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 155 levels. We advise buying around 155-158 levels with strict stop loss 152 for the targets of 161-164 levels. 2. BHARAT FORGE FUTURE BHARAT FORGE FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sus- tains above 600 levels. We advise buying around 605 – 610 levels with strict stop loss 590 for the targets of 620-630. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. GATI GATI trend-line breakout on daily chart. We advise selling around 112 level with strict stop loss 114 for the targets of 110-108 MACRO NEWS Overseas investors sold Indian shares worth 6.01 billion rupees ($100.67 million) on Thursday, marking their big- gest single day of sales since March 10, provisional ex- change data showed. The backdrop of government deferring a key gas price hike decision while a lagging monsoon and the newly- elected government's maiden budget on July 10 can add uncertainty in the market. India's infrastructure output data for May, due on Mon- day, and manufacturing PMI on Tuesday would also be watched. Ranbaxy received approval from the U.S. Food and Drug Administration to launch a cheaper copy of Novartis AG's blood pressure pill Diovan, bolstering its outlook. A company owned by high net worth individual Radhak- ishan Damani, bought a stake in Century Textile in a block deal on Thursday. Gail (India) Ltd ended lower after 14 people were killed and 20 injured on Friday in a blast and fire at a gas pipe- line in Andhra Pradesh, again raising safety concerns over the country's energy projects.
  • 3. DAILY REPORT 30th JUNE 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 7,400 94.1 1,09,434 25,34,350 NIFTY PE 7,300 64.8 97,062 28,71,250 BANKNIFTY PE 7,500 132.7 85,972 26,31,000 BANKNIFTY PE 15,000 412 8,200 2,65,100 RELIANCE PE 1,000 22.05 1,312 3,03,500 TCS PE 2,300 43 983 46,625 MCDOWELL-N PE 2,300 53.3 909 1,13,000 SBIN PE 2,600 70 667 1,72,625 MOST ACTIVE CALL OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 7,700 87 1,27,223 27,16,050 NIFTY CE 8,000 20.4 1,01,588 50,42,450 BANKNIFTY CE 7,600 130 99,691 30,20,300 BANKNIFTY CE 16,000 175 7,890 1,59,200 TCS CE 2,400 90 2,660 87,875 TCS CE 2,500 49.45 2,072 1,07,625 RELIANCE CE 1,100 10.25 1,783 8,49,000 INFY CE 3,300 100 1,677 1,73,000 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 24774 935.56 25059 945.71 296478 11185.22 -10.15 INDEX OPTIONS 194106 7258.38 164540 6239.11 1076163 40401.06 1019.27 STOCK FUTURES 63681 2356.45 85467 3252.82 1469018 54110.58 -896.37 STOCK OPTIONS 27342 1049.64 26824 1041.19 27076 1004.81 8.45 TOTAL 121.20 INDICES R2 R1 PIVOT S1 S2 NIFTY 7,566.40 7,537.60 7,509.95 7,481.15 7,453.50 BANK NIFTY 15,189.08 15,090.72 15,018.78 14,920.42 14,848.48 STOCKS IN NEWS Morgan Stanley upgraded the stock to "overweight" from "equal-weight" and increased the price target to 400 rupees from 360 rupees. Sun Pharma & Ranbaxy jumped on U.S. regulator's ap- proval for a key drug & IT stocks gained after rival Ac- centure Plc reported robust quarterly revenues. ONGC to invest Rs 5,700 crore in Mumbai High North development. L&T Finance Holdings to seek shareholder nod for Rs 1,000 crore NCD issue on July 24 NIFTY FUTURE Nifty Future closed flat in the last trading session. We advise selling around7500levels with strict stop loss of 7550 for the targets of 7450-7400
  • 4. DAILY REPORT 30th JUNE 2014 YOUR MINTVISORY Call us at +91-731-6642300 COMMODITY MCX RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD ABOVE 27800 TGT 27900,28150 SL BELOW 27700 SELL GOLD BELOW 27600 TGT 27500,27350 SL ABOVE 27720 SILVER TRADING STRATEGY: BUY SILVER ABOVE 44850 TGT 45050,45350 SL BELOW 44600 SELL SILVER BELOW 44400 TGT 44250,43900 SL ABOVE 44750 COMMODITY ROUNDUP The union government is expected to cut 2% import duty in gold in the forthcoming budget, as local jewellers run out of inventors. The current account deficit is to widen to 2.6% of GDP in FY15 from 1.7% in FY14 especially as latent demand could lead to a spike in gold import demand. The March quarter current account deficit came in at $1.3 billion. The net gold imports will increase to $40 billion or 2% of GDP in FY15 from $28.8 billion or 1.5% this past fiscal year. On our part, we never took the shrinkage in the current account deficit from 4.7% of GDP that seriously as it was achieved by these unsustainable curbs in gold imports. The RBI needs to raise forex reserves to stabilize Indian rupee expecta- tions. At the same time, sovereign wealth funds have not used up their on-tap $10bn limit. Gold had a fourth straight weekly gain to above USD 1,316 an ounce, as geopolitical unrest in Iraq and Ukraine boosted the precious metal's appeal and soft US data weakened the dollar. Brent crude oil settled at USD 113.30 a barrel, up 0.1 percent on the day but down 1.4 percent on the week for its worst week in a month as fighting in Iraq stayed away from the country's south, where most of its oil is produced. Gold prices rose by 0.43% to Rs 27,785 per 10 grams as speculators created fresh positions taking positive cues from overseas markets. At the MCX, gold for delivery in Au- gust moved up by Rs 118, or 0.43%, to Rs 27,785 per 10 grams, with a business turnover of 677 lots. The metal for delivery in far-month October rose by a similar margin to trade at Rs 27,860 per ten grams, with a trade volume of 33 lots. Increased positions built-up by speculators after the precious metal rallied to a two-week high in global markets as investors assessed the outlook for US borrowing costs, influenced gold futures here. Globally, gold in Singapore added 0.20% to $1,319.52 an ounce. Zinc futures were marginally down by 0.27 per cent to Rs 131.15 per kg on Friday amidst profit-booking by specula- tors and subdued spot demand. At the Multi Commodity Exchange, zinc for delivery in June traded lower by 35 paise, or 0.27 per cent to Rs 131.15 per kg in business turnover of 291 lots. July zinc shed 30 paise, or 0.23 per cent to Rs 131.80 per kg in 58 lots. Besides profit-booking, subdued demand from consuming industries in the spot market kept pressure on zinc prices at futures trade.
  • 5. DAILY REPORT 30th JUNE 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS DHANIYA BUY DHANIYA JUL ABOVE 10790 TGTS 10820,10870 SL 10740 SELL DHANIYA JUL BELOW 10745 TGTS 10715,10665 SL 10795 GUARSEED BUY GUARSEED JUL ABOVE 5850 TGTS 5880,5930 SL 5800 SELL GUARSEED JUL BELOW 5780 TGTS 5760,5710 SL 5830 NCDEX NCDEX INDICES Index Value % Change Castor Seed 4434 2.50 Chana 2819 1.18 Coriander 10480 2.67 Cotton Seed Oilcake 1636 2.51 Guarseed 5385 3.96 Jeera 11355 3.98 Mustard seed 3540 0.77 Soy Bean 3998 -0.05 Sugar M Grade 3099 1.81 Turmeric 6640 3.98 NCDEX ROUNDUP Till Thursday, the country had received 41% less June rain- fall than normal Even as southwest monsoon continued to remain sluggish over many parts of central and western In- dia, month of June has been the driest in India in a decade. Ram Vilas Paswan, the Union food minister, had reiterated on Thursday that the government would not allow prices of agri commodities to move up abnormally and spur inflation. The third advanced estimates presented by the ministry of agriculture in May showed rice production at 106.29 million tonnes in 2013-14, as against the final estimate of 105.24 mt for the previous year. Maize production is estimated at 24.19 mt in 2013-14, compared with 22.26 mt earlier. The output of ragi, a fully kharif crop, is expected to be 1.88 mt in 2013-14, compared with 1.57 mt the previous year. Fruit exports from Karnataka have touched Rs 488 crore during 2013-14. The state exported 238 tonnes of fruits in- cluding mango, grape, sapota, pineapple and banana, pomegranate among others. As per the government order dated May 26, 2014 and June 12, 2014 as per the NDRF / SDRF norms, Rs 326.50 crore compensation amount has been released to the district commissioners concerned by the Revenue Department
  • 6. DAILY REPORT 30th JUNE 2014 YOUR MINTVISORY Call us at +91-731-6642300 EUR/INR SELL EUR/INR BELOW 82.16 TGTS 82.01, 81.86 SL 82.37. BUY EUR/INR ABOVE 82.36 TGTS 82.51, 82.66 SL 82.15. JPY/INR BUY JPY/INR ABOVE 59.71 TGTS 59.86, 60.01 SL 59.50. SELL JPY/INR BELOW 59.33 TGTS 59.18, 59.03 SL 59.54. CURRENCY ROUNDUP The Indian rupee snapped a four-week falling streak while also gaining slightly on the day as continued foreign fund inflows into debt and equity markets helped offset demand for the greenback from importers. The rupee has been trading in a tight range in recent ses- sions and is expected to continue to do so until the federal budget on July 10. There was good demand from importers, particularly oil firms, to meet month-end import commit- ments, preventing the rupee from rising sharply. The partially convertible rupee closed at 60.0850/0950 per dollar compared with 60.14/15 on Thursday. The unit moved in a tight range of 60.0650 to 60.15 during the ses- sion. The unit gained 0.17 percent on the week, snapping a four-week falling streak. In the offshore non-deliverable forwards, the one-month contract was at 60.41, while the three-month was at 61. The dollar was little changed against the other major cur- rencies on Friday, as markets eyed the release of U.S. con- sumer sentiment data, while Thursday's spending report added to expectations that the Federal Reserve will keep rates on hold for longer. The dollar was steady against the euro, with EUR/USD up 0.07% to 1.3621. The dollar remained under pressure after data on Thursday showed that U.S. personal spending rose 0.2% last month, below expectations for an increase of 0.4%. Personal spend- ing for April was revised to a flat reading from a previously reported decline of 0.1%. At the same time, the U.S. Department of Labor showing that the number of individuals filing for initial jobless bene- fits in the week ending June 21 declined by 2,000 to 312,000 from the previous week's revised total of 314,000. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 60.058 Yen-100 59.2700 Euro 81.8820 GBP 102.3972
  • 7. DAILY REPORT 30th JUNE 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 27/06/14 MCX GOLD AUG. BUY 27750 27830-27930 27650 SL TRIGGERED 27/06/14 MCX GOLD AUG. SELL 27620 27540-27440 27720 SL TRIGGERED 27/06/14 MCX SILVER JULY BUY 44850 45050-45350 44600 NOT EXECUTED 27/06/14 MCX SILVER JULY SELL 44470 44270-43970 44770 SL TRIGGERED 27/06/14 NCDEX GUARSEED JULY BUY 5680 5710-5760 5630 BOOKED FULL PROFIT 27/06/14 NCDEX GUARSEED JULY SELL 5550 5520-5470 5600 NOT EXECUTED 27/06/14 NCDEX DHANIYA JULY BUY 10630 10660-10710 10580 BOOKED FULL PROFIT 27/06/14 NCDEX DHANIYA JULY SELL 10500 10470-10420 10550 NOT EXECUTED 27/06/14 USD/INR JULY BUY 60.64 60.79-60.94 60.43 NOT EXECUTED 27/06/14 USD/INR JULY SELL 60.36 60.21-60.06 60.57 NOT EXECUTED 27/06/14 GBP/INR JULY SELL 102.78 102.63-102.48 102.99 NOT EXECUTED 27/06/14 GBP/INR JULY BUY 103.08 103.23-103.38 102.87 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 27/06/14 NIFTY FUTURE SELL 7500 7450-7400 7550 NOT EXECUTED 27/06/14 ARVIND FUTURE BUY 229-230 234-238 225 NOT EXECUTED 27/06/14 BIOCON FUTURE BUY 515-520 530-545 500 CALL OPEN 27/06/14 SONATASOFT CASH SELL 73 71.5-70 75.50 NOT EXECUTED 26/06/14 IRB FUTURE BUY 225-228 234-238 221 CALL OPEN 16/06/14 HINDUNILVR FUTURE BUY 635-640 655-675 610 CALL OPEN 16/06/14 DIVIS LAB FUTURE BUY 1340-1360 1400-1465 1290 CALL OPEN 10/06/14 POWER GRID FUTURE SELL 135 142-145 130 CALL OPEN
  • 8. DAILY REPORT 30th JUNE 2014 YOUR MINTVISORY Call us at +91-731-6642300 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, JUNE 30 9:45 am Chicago PMI June 64.7 65.5 10 am Pending home sales May -- 0.4% TUESDAY, JULY 01 9:45 am Markit PMI June -- 57.5 10 am ISM June 55.7% 55.4% 10 am Construction spending May 0.5% 0.2% TBA Motor vehicle sales June 16.5 mln 16.8 mln WEDNESDAY, JULY 02 8:15 am ADP employment June -- 179,000 10 am Factory orders May 0.3% 0.7% THURSDAY, JULY 03 8:30 am Weekly jobless claims 6/28 N/A N/A 8:30 am Nonfarm payrolls June 220,000 217,000 8:30 am Unemployment rate June 6.3% 6.3% 8:30 am Trade balance May -$45.0 bln -$47.2 bln 10 am ISM nonmanufacturing June 56.5% 56.3% FRIDAY, JULY 04 Independence Day None scheduled