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DAILY REPORT
26th
MAY 2014
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance
Asian stocks rose on Monday after the S&P 500 closed at a
record high on Friday and as geopolitical risks faded fol-
lowing a victory for billionaire Petro Poroshenko in Ukrain-
ian elections. A better-than-expected April home sales re-
port saw US stocks gain for a third day on Friday, with the
S&P 500 closing above 1,900 points for the first time ever.
Asian markets rose for a second straight day Friday follow-
ing a positive lead from Wall Street.
European shares steadied near last week's six-year highs
on Friday, with investors trading cautiously ahead of
Ukrainian and European election results. the FTSEurofirst
300 index of top European shares was flat at 1,366.25
points after closing 0.1 percent higher in the previous ses-
sion.
Wall Street Update
The S&P 500 closed at a record high on Friday, buoyed by a
rally in housing stocks after better-than-expected home
sales The S&P 500 ended above 1,900, just below a record
intraday high of 1,902.17 set on May 13 and above its re-
cord closing high of 1,897.45 the same day. Eight of the 10
S&P sector indexes ended higher for the day. The Dow
Jones Transportation Average rose 0.8 percent to close at
a record high, after hitting a lifetime intraday high of
7,995.39. Housing stocks ranked among the market's big-
gest outperformers, with the housing index up 1.9 percent.
Previous day Roundup
The market ended with hefty gains as it gears up for a new
government with Narendra Modi swearing ceremony as
new PM of India at 6 pm on Monday. The Sensex was up
318.95 points or 1.31 percent at 24693.35, and the Nifty
was up 90.70 points or 1.25 percent at 7367.10. About
2198 shares have advanced, 84a5 shares declined, and 90
shares are unchanged.
Index stats
The Market was very volatile in last session. The sartorial
indices performed as follow; Consumer Durables [down
67.88pts], Capital Goods [up 310.86 pts], PSU [up
321.09pts], FMCG [up pts], Realty [up 40.75pts], Power [up
80.78 pts], Auto [up 246.33pts], Healthcare [up 4.01pts], IT
[up 12.38pts], Metals 258.36[up pts], TECK [up pts], Oil&
Gas [up 244.41pts].
World Indices
Index Value % Change
D J l 16,606.27 +0.38
S&P 500 1900.53 +0.42
NASDAQ 4185.81 +0.76
EURO STO 3203.28 +0.49
FTSE 100 6815.75 -0.07
Nikkei 225 14462.17 +0.87
Hong Kong 22965.86 +0.05
Top Gainers
Company CMP Change % Chg
SBIN 2769.8 258.15 +10.28
TATAPPOWER 106.4 6.95 +6.99
JINDALSTEL 302.00 18.15 +6.39
IDFC 143.75 7.75 +5.70
MARUTI 2390.15 125.35 +5.53
Top Losers
Company CMP Change % Chg
KOTAKBANK 879.20 14.15 -1.58
HDFCBANK 790.00 12.60 -1.57
HINDALCO 152.80 2.30 -1.48
ITC 341.00 4.80 -1.39
INFY 3071.00 42.90 -1.38
Stocks at 52 Week’s high
Symbol Prev. Close Change %Chg
ADANIPOWER 65.55 +32.70 +4.89
BANKINDIA 347.25 24.90 +7.72
CANBANK 472.00 57.25 +13.80
EXIDEIND 142.5 6.85 +5.05
IDBI 96.40 +6.80 +7.59
Indian Indices
Company CMP Change % Chg
NIFTY 7,367.10 +90.70 +1.25
SENSEX 24,693.35 +318.95 +1.31
Stocks at 52 Week’s Low
Symbol Prev. Close Change %Chg
DAILY REPORT
26th
MAY 2014
YOUR MINTVISORY Call us at +91-731-6642300
STOCK RECOMMENDATIONS [FUTURE]
1. MARUTI [FUTURE]
MARUTI FUTURE is looking strong on charts, long build up
has been seen, we may see more upside, if it sustains above
2350 levels. We advise buying around 2350-2380 levels
with strict stop loss 2300 for the targets of 2400-2480 lev-
els.
2. RELIANCE CAPITAL [FUTURE]
REL CAPITAL FUTURE is looking strong on charts, long build
up has been seen, we may see more upside, if it sustains
above 550 levels. We advise buying around 550-560 levels
with strict stop loss 525 for the targets of 590-620 levels.
EQUITY CASH & FUTURE
STOCK RECOMMENDATION [CASH]
1. EMAMI LTD.
EMAMI LTD above on 200 SMA on charts. We advise buying
above 464 levels with strict stop loss of 450 for the targets
of 480-495 levels.
MACRO NEWS
Narendra Modi's swearing-in ceremony will be held today
at 6PM.
SBI has reported fourth quarter net profit of Rs 3,041
crore, down 7.8 percent compared to Rs 3,299 crore in
same quarter last year. Higher other income, improve-
ment in asset quality and net interest income helped the
net profit beat analysts' expectations.
ITC fourth quarter (January-March) net profit rising 18
percent year-on-year to Rs 2,276 crore, driven by higher
revenue. .
The final decision on HDFC Bank's proposal to raise for-
eign shareholding will be taken by the Foreign Investment
Promotion Board.
India's forex reserve rose by close to US $11 billion so far
this fiscal on the back of massive inflows from overseas
investors, who pumped in dollars into the domestic mar-
ket on expectation of a strong and stable government.
AP HC vacates status quo order on Sun Pharma-Ranbaxy
merger.
Government says April crude oil output down 0.1 percent
at 3.10 million tone.
SES discom likely to get PFC bailout.
DAILY REPORT
26th
MAY 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 7,300 26.6 5,54,330 30,83,250
NIFTY PE 7,200 9.1 4,11,959 34,11,500
NIFTY PE 7,100 3.1 2,08,832 41,09,350
BANKNIFTY PE 15,000 65 27,659 2,55,175
SBIN PE 2,500 4.25 34,905 6,32,000
SBIN PE 2,600 10.7 20,269 3,52,250
RELIANCE PE 1,100 6 3,882 3,43,500
INFY PE 3,000 26 3,500 1,39,750
MOST ACTIVE CALL OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 7,400 59.5 7,13,423 61,98,600
NIFTY CE 7,500 24 5,00,111 60,08,350
NIFTY CE 7,300 115.8 4,36,506 31,24,150
BANKNIFTY CE 15,500 137.2 49,922 3,97,075
SBIN CE 2,600 173 44,949 2,06,500
SBIN CE 2,700 97.25 38,356 1,96,125
MCDOWELL-N CE 2,800 25.4 8,087 11,70,750
RELAINCE CE 1,100 36.95 6,367 9,11,500
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 88570 3273.03 100599 3717.42 532001 19740.67 -444.39
INDEX OPTIONS 547279 20150.77 526672 19376.29 2547357 94036.59 774.48
STOCK FUTURES 218184 7896.54 217904 7920.69 1451214 52447.46 -24.15
STOCK OPTIONS 116603 4091.68 120596 4229.73 131348 4943.14 -138.06
TOTAL 167.89
INDICES R2 R1 PIVOT S1 S2
NIFTY 7,434.43 7,400.77 7,347.33 7,313.67 7,260.23
BANK NIFTY 15,541.77 15,413.63 15,413.63 15,064.98 14,844.47
STOCKS IN NEWS
Results Today: Britannia Industries, Canara Bank ,
GAIL , CUB , Educomp , Everonn Education , Jubilant
Life Sciences , Muthoot Finance , MBL Infra , Praj In-
dustries , Prestige Estates, RECLTD , Wockhardt
The Gulf carrier is likely to invest in SpiceJet by pur-
chasing its parking slots overseas.
SREI Infra to raise Rs 2500cr via security issuance in
FY15 .
Colgate Palmolive Q4 profit up 7% to Rs 132 cr.
SREI Infra to raise Rs 2500cr via security issuance in
FY15.
NIFTY FUTURE
Nifty Future closed in the green the last trading session.
We advise buying around 7400 levels with strict stop loss
of 7350 for the targets of 7450 -7500
DAILY REPORT
26th
MAY 2014
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
SILVER
TRADING STRATEGY:
BUY SILVER ABOVE 41150 TGT 41350,41650 SL BELOW
40850
SELL SILVER BELOW 40500 TGT 40300,40000 SL ABOVE
40800
GOLD
TRADING STRATEGY:
BUY GOLD ABOVE 27450 TGT 27530,27630 SL BELOW
27350
SELL GOLD BELOW 27200 TGT 27120,27000 SL ABOVE
27300
COMMODITY ROUNDUP
Gold prices are set to drop further in the domestic market,
owing to the rupee’s appreciation. Last week, the RBI had
eased import norms for gold; it is expected the move will
continue to have a bearing on prices. RBI also allowed some
trading houses to import gold; it is expected this will in-
crease the availability of gold in the domestic market. RBI’s
moves led to gold prices falling by Rs 1,250 to Rs
27,950/10g in the domestic market.
Aluminium prices fell by 0.23 per cent to Rs 109.55 per kg in
futures trading yesterday as speculators reduced their posi-
tions amid weak global cues. Further, subdued demand in
the domestic spot markets also weighed on the metal
prices. At the MCX, aluminium for delivery in May eased by
25 paise, or 0.23 per cent, to Rs 109.55 per kg in business
turnover of nine lots. April aluminium traded lower by 15
paise, or 0.14 per cent, to Rs 108.25 per kg in 367 lots.. Mar-
ket analysts said the weakness in aluminium at futures
trade was mostly in tune with a downtrend in base metals
at the LME. At the LME, aluminum lost 0.2%, snapping a five
-day gain, the longest winning streak since September 2012.
The Crude Oil futures were steady in Friday. Light, sweet
crude for delivery in July were up 35 cents, or 0.3%, to
$104.09 a barrel on the New York Mercantile Exchange.
West Texas Intermediate oil climbed to a five-week high
after U.S. crude inventories tumbled. Brent approached
$111 a barrel Futures capped a third weekly gain in New
York. U.S. crude supplies dropped 7.23 million barrels in the
seven days.
Copper prices rose after data from China, the world's larg-
est consumer of the industrial metal, showed the country's
economy may already be getting a boost from last month's
government stimulus. MCX Copper was showing smart
gains, as prices moved above Rs 410 per kg in the intraday.
The prices of Copper tested a high of Rs 412 and a low of Rs
408.3 per kg so far. Meanwhile, COMEX Copper tested a
high of $ 3.166 per pound, up 2 cents when last checked.
Natural gas inventories are rising again, but remain well
below the bottom of the five-year range. Pleasant tempera-
tures are prevalent over the Midwest and Northeast this
week but there will be cooler temperatures across the
northern tier as some Canadian air moves across the coun-
try.
COMMODITY MCX
DAILY REPORT
26th
MAY 2014
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
DHANIYA
BUY DHANIYA JUN ABOVE 9500 TGTS 9530,9580 SL 9450
SELL DHANIYA JUN BELOW 9410 TGTS 9380,9330 SL 9460
GUARSEED
BUY GUARSEED JUN ABOVE 5410 TGTS 5440,5490 SL 5360
SELL GUARSEED JUN BELOW 5300 TGTS5270,5220 SL 5350
NCDEX
NCDEX INDICES
Index Value % Change
Castor Seed 3924 -0.10
Chana 2899 -1.50
Coriander 9450 +0.16
Cotton Seed Oilcake 1529 -1.35
Guarseed 5305 +0.86
Jeera 11150 +0.22
Mustard seed 3464 -0.26
Soy Bean 4701 +0.99
Sugar M Grade 3012 +0.07
Turmeric 6326 -2.04
NCDEX ROUNDUP
Refined soya oil traded marginally lower by 0.19 per cent to
Rs 678.40 per 10 kg in futures market today as demand
dropped in the spot market against adequate stocks posi-
tion. At the National Commodity and Derivatives Exchange,
refined soya oil for delivery in July weakened by Rs 1.30, or
0.19 per cent, to Rs 678.40 per 10 kg with an open interest
of 1,36,550 lots.
Turmeric futures failed to continue the previous day gains
on short selling due to weak spot demand. The commodity
quoted steady at Rs 6800 per quintal in the Erode mandi
and the arrivals increased to 6,000 bags from 4,000 bags
last day. The NCDEX Jeera for the June delivery ended the
day at Rs 6326, down Rs 132 or 2.04%. Turmeric futures
tumbled to six week lows near Rs 6288 level today as short
sellers back in the market on weak spot demand. The
NCDEX Jeera June delivery ended the day at Rs 6326, down
Rs 132 or 2.04% and the open interest added 1,195 tonnes
to 13,420 tonnes, indicating short selling.
Jeera futures managed to close higher for the second day
on short covering activities. The spot Jeera witnessed some
buying after a moderate drop in the week. Good demand
continued to emerge amid steady sentiments and dropping
arrivals in last few days before prices slipped this week. The
NCDEX Jeera June delivery ended the day at Rs 11,150, up
Rs 25 or 0.22%.
DAILY REPORT
26th
MAY 2014
YOUR MINTVISORY Call us at +91-731-6642300
JPY/INR
SELL JPY/INR BELOW 57.19 TGTS 57.04, 56.89 SL 57.40.
BUY JPY/INR ABOVE 57.63 TGTS 57.78, 57.93 SL 57.42.
EUR/INR
SELL EUR/INR BELOW 79.45 TGTS 79.30, 79.15 SL 79.66.
BUY EUR/INR ABOVE 79.97 TGTS 80.12, 80.27 SL 79.76.
CURRENCY ROUNDUP
The Indian rupee retreated from an 11-month high to fall
on Friday as the central bank stepped in to temper gains
being sparked by continued expectations of robust foreign
inflows and a rally in domestic shares. The currency still
rose 0.4 percent for the week, posting its fourth straight
weekly gain and its longest winning streak in 16 months.
The partially convertible rupee closed at 58.52/53 per dol-
lar, after gaining as high as 58.33 intraday, its strongest
against the dollar since June 18. It closed at 58.4675/4775
on Thursday. In the offshore non-deliverable forwards, the
one-month contract was at 58.72, while the three-month
was at 59.30.
The euro fell to a three-month low against the dollar and a
17-month trough against the pound on Friday after a dis-
appointing report on German business sentiment sup-
ported the view the ECB will cut interest rates next month.
The euro fell to a three-month low of $1.3614 and briefly
broke below its 200-day moving average of $1.3636 before
retracing to $1.3631.
Against the yen, the single currency was flat at 138.92 yen,
erasing modest losses, and held above a 3-1/2 month low
set on Wednesday The euro fell to a 17-month low against
the pound at 80.815 British pence before moving back to
81.000 pence.
The Reserve Bank will continue to buy the US currency at
the 58-level, says a report by Bank of America Merrill
Lynch (BofA-ML). The rupee has gained 3 per cent in the
past fortnight
CURRENCY
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 58.4830 Yen-100 57.5700
Euro 79.8058 GBP 98.6725
DAILY REPORT
26th
MAY 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
23/05/14 MCX GOLD JUNE BUY 27350 27430-27530 27250
NO PROFIT NO
LOSS
23/05/14 MCX GOLD JUNE SELL 27100 27020-26920 27200 NOT EXECUTED
23/05/14 MCX SILVER JULY BUY 41150 41350-41650 40850 NOT EXECUTED
23/05/14 MCX SILVER JULY SELL 40700 40500-40200 41000
NO PROFIT NO
LOSS
23/05/14 NCDEX GUARSEED JUNE BUY 5280 5310-5360 5230
BOOKED FULL
PROFIT
23/05/14 NCDEX GUARSEED JUNE SELL 5200 5170-5120 5250 SL TRIGGEERD
23/05/14 NCDEX DHANIYA JUNE BUY 9460 9490-9540 9410
BOOKED FULL
PROFIT
23/05/14 NCDEX DHANIYA JUNE SELL 9420 9390-9340 9470
BOOKED FULL
PROFIT
23/05/14 USD/INR MAY BUY 58.79 59.00-59.15 58.58 NOT EXECUTED
23/05/14 USD/INR MAY SELL 58.31 58.16-58.01 58.52 NOT EXECUTED
23/05/14 GBP/INR MAY SELL 98.44 98.29-98.14 98.65 BOOKED PROFIT
23/05/14 GBP/INR MAY BUY 98.99 99.14-99.29 98.78 NOT EXECUTED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
23/05/14 NIFTY FUTURE SELL 7300 7250-7200 7350 SL TRIGGERED
23/05/14 DLF FUTURE BUY 208-210 214-218 204
BOOKED FULL
PROFIT
23/05/14 ZEE FUTURE SELL 276-275 265-260 285 CALL OPEN
23/05/14 ONELIFE CAP CASH BUY 190 195-200 182 SL TRIGGERED
22/05/14 NIFTY FUTURE SELL 7300 7250-7200 7350 SL TRIGGERED
21/05/14 IDFC FUTURE BUY 135-140 145-150 128 BOOKED PROFIT
DAILY REPORT
26th
MAY 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
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Disclaimer
TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS
MONDAY, MAY 26
MEMORIAL DAY NONE SCHEDULED
TUESDAY, MAY 27
8:30 AM DURABLE GOODS ORDERS APRIL 0.4% 2.5%
9 AM CASE-SHILLER HOME PRICE INDEX MARCH -- 12.9% YOY
9 AM FHFA HOME PRICE INDEX MARCH -- 6.9% YOY
10 AM CONSUMER CONFIDENCE INDEX MAY 83.0 83.2
WEDNESDAY, MAY 28
NONE SCHEDULED
THURSDAY, MAY 29
8:30 AM JOBLESS CLAIMS 5/24 N/A N/A
8:30 AM GDP REVISION Q1 -0.6% -0.1%
10 AM PENDING HOME SALES APRIL -- 3.4%
FRIDAY, MAY 30
8:30 AM PERSONAL INCOME APRIL 0.4% 0.5%
8:30 AM CONSUMER SPENDING APRIL 0.2% 0.9%
9:45 AM CHICAGO PMI MAY 60.8 63.0
10 AM UMICH CONSUMER SENTIMENT INDEX MAY 82.5 81.8

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Stock market special report by epic research 26th may 2014

  • 1. DAILY REPORT 26th MAY 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Asian stocks rose on Monday after the S&P 500 closed at a record high on Friday and as geopolitical risks faded fol- lowing a victory for billionaire Petro Poroshenko in Ukrain- ian elections. A better-than-expected April home sales re- port saw US stocks gain for a third day on Friday, with the S&P 500 closing above 1,900 points for the first time ever. Asian markets rose for a second straight day Friday follow- ing a positive lead from Wall Street. European shares steadied near last week's six-year highs on Friday, with investors trading cautiously ahead of Ukrainian and European election results. the FTSEurofirst 300 index of top European shares was flat at 1,366.25 points after closing 0.1 percent higher in the previous ses- sion. Wall Street Update The S&P 500 closed at a record high on Friday, buoyed by a rally in housing stocks after better-than-expected home sales The S&P 500 ended above 1,900, just below a record intraday high of 1,902.17 set on May 13 and above its re- cord closing high of 1,897.45 the same day. Eight of the 10 S&P sector indexes ended higher for the day. The Dow Jones Transportation Average rose 0.8 percent to close at a record high, after hitting a lifetime intraday high of 7,995.39. Housing stocks ranked among the market's big- gest outperformers, with the housing index up 1.9 percent. Previous day Roundup The market ended with hefty gains as it gears up for a new government with Narendra Modi swearing ceremony as new PM of India at 6 pm on Monday. The Sensex was up 318.95 points or 1.31 percent at 24693.35, and the Nifty was up 90.70 points or 1.25 percent at 7367.10. About 2198 shares have advanced, 84a5 shares declined, and 90 shares are unchanged. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 67.88pts], Capital Goods [up 310.86 pts], PSU [up 321.09pts], FMCG [up pts], Realty [up 40.75pts], Power [up 80.78 pts], Auto [up 246.33pts], Healthcare [up 4.01pts], IT [up 12.38pts], Metals 258.36[up pts], TECK [up pts], Oil& Gas [up 244.41pts]. World Indices Index Value % Change D J l 16,606.27 +0.38 S&P 500 1900.53 +0.42 NASDAQ 4185.81 +0.76 EURO STO 3203.28 +0.49 FTSE 100 6815.75 -0.07 Nikkei 225 14462.17 +0.87 Hong Kong 22965.86 +0.05 Top Gainers Company CMP Change % Chg SBIN 2769.8 258.15 +10.28 TATAPPOWER 106.4 6.95 +6.99 JINDALSTEL 302.00 18.15 +6.39 IDFC 143.75 7.75 +5.70 MARUTI 2390.15 125.35 +5.53 Top Losers Company CMP Change % Chg KOTAKBANK 879.20 14.15 -1.58 HDFCBANK 790.00 12.60 -1.57 HINDALCO 152.80 2.30 -1.48 ITC 341.00 4.80 -1.39 INFY 3071.00 42.90 -1.38 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg ADANIPOWER 65.55 +32.70 +4.89 BANKINDIA 347.25 24.90 +7.72 CANBANK 472.00 57.25 +13.80 EXIDEIND 142.5 6.85 +5.05 IDBI 96.40 +6.80 +7.59 Indian Indices Company CMP Change % Chg NIFTY 7,367.10 +90.70 +1.25 SENSEX 24,693.35 +318.95 +1.31 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg
  • 2. DAILY REPORT 26th MAY 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. MARUTI [FUTURE] MARUTI FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 2350 levels. We advise buying around 2350-2380 levels with strict stop loss 2300 for the targets of 2400-2480 lev- els. 2. RELIANCE CAPITAL [FUTURE] REL CAPITAL FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 550 levels. We advise buying around 550-560 levels with strict stop loss 525 for the targets of 590-620 levels. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. EMAMI LTD. EMAMI LTD above on 200 SMA on charts. We advise buying above 464 levels with strict stop loss of 450 for the targets of 480-495 levels. MACRO NEWS Narendra Modi's swearing-in ceremony will be held today at 6PM. SBI has reported fourth quarter net profit of Rs 3,041 crore, down 7.8 percent compared to Rs 3,299 crore in same quarter last year. Higher other income, improve- ment in asset quality and net interest income helped the net profit beat analysts' expectations. ITC fourth quarter (January-March) net profit rising 18 percent year-on-year to Rs 2,276 crore, driven by higher revenue. . The final decision on HDFC Bank's proposal to raise for- eign shareholding will be taken by the Foreign Investment Promotion Board. India's forex reserve rose by close to US $11 billion so far this fiscal on the back of massive inflows from overseas investors, who pumped in dollars into the domestic mar- ket on expectation of a strong and stable government. AP HC vacates status quo order on Sun Pharma-Ranbaxy merger. Government says April crude oil output down 0.1 percent at 3.10 million tone. SES discom likely to get PFC bailout.
  • 3. DAILY REPORT 26th MAY 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 7,300 26.6 5,54,330 30,83,250 NIFTY PE 7,200 9.1 4,11,959 34,11,500 NIFTY PE 7,100 3.1 2,08,832 41,09,350 BANKNIFTY PE 15,000 65 27,659 2,55,175 SBIN PE 2,500 4.25 34,905 6,32,000 SBIN PE 2,600 10.7 20,269 3,52,250 RELIANCE PE 1,100 6 3,882 3,43,500 INFY PE 3,000 26 3,500 1,39,750 MOST ACTIVE CALL OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 7,400 59.5 7,13,423 61,98,600 NIFTY CE 7,500 24 5,00,111 60,08,350 NIFTY CE 7,300 115.8 4,36,506 31,24,150 BANKNIFTY CE 15,500 137.2 49,922 3,97,075 SBIN CE 2,600 173 44,949 2,06,500 SBIN CE 2,700 97.25 38,356 1,96,125 MCDOWELL-N CE 2,800 25.4 8,087 11,70,750 RELAINCE CE 1,100 36.95 6,367 9,11,500 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 88570 3273.03 100599 3717.42 532001 19740.67 -444.39 INDEX OPTIONS 547279 20150.77 526672 19376.29 2547357 94036.59 774.48 STOCK FUTURES 218184 7896.54 217904 7920.69 1451214 52447.46 -24.15 STOCK OPTIONS 116603 4091.68 120596 4229.73 131348 4943.14 -138.06 TOTAL 167.89 INDICES R2 R1 PIVOT S1 S2 NIFTY 7,434.43 7,400.77 7,347.33 7,313.67 7,260.23 BANK NIFTY 15,541.77 15,413.63 15,413.63 15,064.98 14,844.47 STOCKS IN NEWS Results Today: Britannia Industries, Canara Bank , GAIL , CUB , Educomp , Everonn Education , Jubilant Life Sciences , Muthoot Finance , MBL Infra , Praj In- dustries , Prestige Estates, RECLTD , Wockhardt The Gulf carrier is likely to invest in SpiceJet by pur- chasing its parking slots overseas. SREI Infra to raise Rs 2500cr via security issuance in FY15 . Colgate Palmolive Q4 profit up 7% to Rs 132 cr. SREI Infra to raise Rs 2500cr via security issuance in FY15. NIFTY FUTURE Nifty Future closed in the green the last trading session. We advise buying around 7400 levels with strict stop loss of 7350 for the targets of 7450 -7500
  • 4. DAILY REPORT 26th MAY 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER ABOVE 41150 TGT 41350,41650 SL BELOW 40850 SELL SILVER BELOW 40500 TGT 40300,40000 SL ABOVE 40800 GOLD TRADING STRATEGY: BUY GOLD ABOVE 27450 TGT 27530,27630 SL BELOW 27350 SELL GOLD BELOW 27200 TGT 27120,27000 SL ABOVE 27300 COMMODITY ROUNDUP Gold prices are set to drop further in the domestic market, owing to the rupee’s appreciation. Last week, the RBI had eased import norms for gold; it is expected the move will continue to have a bearing on prices. RBI also allowed some trading houses to import gold; it is expected this will in- crease the availability of gold in the domestic market. RBI’s moves led to gold prices falling by Rs 1,250 to Rs 27,950/10g in the domestic market. Aluminium prices fell by 0.23 per cent to Rs 109.55 per kg in futures trading yesterday as speculators reduced their posi- tions amid weak global cues. Further, subdued demand in the domestic spot markets also weighed on the metal prices. At the MCX, aluminium for delivery in May eased by 25 paise, or 0.23 per cent, to Rs 109.55 per kg in business turnover of nine lots. April aluminium traded lower by 15 paise, or 0.14 per cent, to Rs 108.25 per kg in 367 lots.. Mar- ket analysts said the weakness in aluminium at futures trade was mostly in tune with a downtrend in base metals at the LME. At the LME, aluminum lost 0.2%, snapping a five -day gain, the longest winning streak since September 2012. The Crude Oil futures were steady in Friday. Light, sweet crude for delivery in July were up 35 cents, or 0.3%, to $104.09 a barrel on the New York Mercantile Exchange. West Texas Intermediate oil climbed to a five-week high after U.S. crude inventories tumbled. Brent approached $111 a barrel Futures capped a third weekly gain in New York. U.S. crude supplies dropped 7.23 million barrels in the seven days. Copper prices rose after data from China, the world's larg- est consumer of the industrial metal, showed the country's economy may already be getting a boost from last month's government stimulus. MCX Copper was showing smart gains, as prices moved above Rs 410 per kg in the intraday. The prices of Copper tested a high of Rs 412 and a low of Rs 408.3 per kg so far. Meanwhile, COMEX Copper tested a high of $ 3.166 per pound, up 2 cents when last checked. Natural gas inventories are rising again, but remain well below the bottom of the five-year range. Pleasant tempera- tures are prevalent over the Midwest and Northeast this week but there will be cooler temperatures across the northern tier as some Canadian air moves across the coun- try. COMMODITY MCX
  • 5. DAILY REPORT 26th MAY 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS DHANIYA BUY DHANIYA JUN ABOVE 9500 TGTS 9530,9580 SL 9450 SELL DHANIYA JUN BELOW 9410 TGTS 9380,9330 SL 9460 GUARSEED BUY GUARSEED JUN ABOVE 5410 TGTS 5440,5490 SL 5360 SELL GUARSEED JUN BELOW 5300 TGTS5270,5220 SL 5350 NCDEX NCDEX INDICES Index Value % Change Castor Seed 3924 -0.10 Chana 2899 -1.50 Coriander 9450 +0.16 Cotton Seed Oilcake 1529 -1.35 Guarseed 5305 +0.86 Jeera 11150 +0.22 Mustard seed 3464 -0.26 Soy Bean 4701 +0.99 Sugar M Grade 3012 +0.07 Turmeric 6326 -2.04 NCDEX ROUNDUP Refined soya oil traded marginally lower by 0.19 per cent to Rs 678.40 per 10 kg in futures market today as demand dropped in the spot market against adequate stocks posi- tion. At the National Commodity and Derivatives Exchange, refined soya oil for delivery in July weakened by Rs 1.30, or 0.19 per cent, to Rs 678.40 per 10 kg with an open interest of 1,36,550 lots. Turmeric futures failed to continue the previous day gains on short selling due to weak spot demand. The commodity quoted steady at Rs 6800 per quintal in the Erode mandi and the arrivals increased to 6,000 bags from 4,000 bags last day. The NCDEX Jeera for the June delivery ended the day at Rs 6326, down Rs 132 or 2.04%. Turmeric futures tumbled to six week lows near Rs 6288 level today as short sellers back in the market on weak spot demand. The NCDEX Jeera June delivery ended the day at Rs 6326, down Rs 132 or 2.04% and the open interest added 1,195 tonnes to 13,420 tonnes, indicating short selling. Jeera futures managed to close higher for the second day on short covering activities. The spot Jeera witnessed some buying after a moderate drop in the week. Good demand continued to emerge amid steady sentiments and dropping arrivals in last few days before prices slipped this week. The NCDEX Jeera June delivery ended the day at Rs 11,150, up Rs 25 or 0.22%.
  • 6. DAILY REPORT 26th MAY 2014 YOUR MINTVISORY Call us at +91-731-6642300 JPY/INR SELL JPY/INR BELOW 57.19 TGTS 57.04, 56.89 SL 57.40. BUY JPY/INR ABOVE 57.63 TGTS 57.78, 57.93 SL 57.42. EUR/INR SELL EUR/INR BELOW 79.45 TGTS 79.30, 79.15 SL 79.66. BUY EUR/INR ABOVE 79.97 TGTS 80.12, 80.27 SL 79.76. CURRENCY ROUNDUP The Indian rupee retreated from an 11-month high to fall on Friday as the central bank stepped in to temper gains being sparked by continued expectations of robust foreign inflows and a rally in domestic shares. The currency still rose 0.4 percent for the week, posting its fourth straight weekly gain and its longest winning streak in 16 months. The partially convertible rupee closed at 58.52/53 per dol- lar, after gaining as high as 58.33 intraday, its strongest against the dollar since June 18. It closed at 58.4675/4775 on Thursday. In the offshore non-deliverable forwards, the one-month contract was at 58.72, while the three-month was at 59.30. The euro fell to a three-month low against the dollar and a 17-month trough against the pound on Friday after a dis- appointing report on German business sentiment sup- ported the view the ECB will cut interest rates next month. The euro fell to a three-month low of $1.3614 and briefly broke below its 200-day moving average of $1.3636 before retracing to $1.3631. Against the yen, the single currency was flat at 138.92 yen, erasing modest losses, and held above a 3-1/2 month low set on Wednesday The euro fell to a 17-month low against the pound at 80.815 British pence before moving back to 81.000 pence. The Reserve Bank will continue to buy the US currency at the 58-level, says a report by Bank of America Merrill Lynch (BofA-ML). The rupee has gained 3 per cent in the past fortnight CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 58.4830 Yen-100 57.5700 Euro 79.8058 GBP 98.6725
  • 7. DAILY REPORT 26th MAY 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 23/05/14 MCX GOLD JUNE BUY 27350 27430-27530 27250 NO PROFIT NO LOSS 23/05/14 MCX GOLD JUNE SELL 27100 27020-26920 27200 NOT EXECUTED 23/05/14 MCX SILVER JULY BUY 41150 41350-41650 40850 NOT EXECUTED 23/05/14 MCX SILVER JULY SELL 40700 40500-40200 41000 NO PROFIT NO LOSS 23/05/14 NCDEX GUARSEED JUNE BUY 5280 5310-5360 5230 BOOKED FULL PROFIT 23/05/14 NCDEX GUARSEED JUNE SELL 5200 5170-5120 5250 SL TRIGGEERD 23/05/14 NCDEX DHANIYA JUNE BUY 9460 9490-9540 9410 BOOKED FULL PROFIT 23/05/14 NCDEX DHANIYA JUNE SELL 9420 9390-9340 9470 BOOKED FULL PROFIT 23/05/14 USD/INR MAY BUY 58.79 59.00-59.15 58.58 NOT EXECUTED 23/05/14 USD/INR MAY SELL 58.31 58.16-58.01 58.52 NOT EXECUTED 23/05/14 GBP/INR MAY SELL 98.44 98.29-98.14 98.65 BOOKED PROFIT 23/05/14 GBP/INR MAY BUY 98.99 99.14-99.29 98.78 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 23/05/14 NIFTY FUTURE SELL 7300 7250-7200 7350 SL TRIGGERED 23/05/14 DLF FUTURE BUY 208-210 214-218 204 BOOKED FULL PROFIT 23/05/14 ZEE FUTURE SELL 276-275 265-260 285 CALL OPEN 23/05/14 ONELIFE CAP CASH BUY 190 195-200 182 SL TRIGGERED 22/05/14 NIFTY FUTURE SELL 7300 7250-7200 7350 SL TRIGGERED 21/05/14 IDFC FUTURE BUY 135-140 145-150 128 BOOKED PROFIT
  • 8. DAILY REPORT 26th MAY 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, MAY 26 MEMORIAL DAY NONE SCHEDULED TUESDAY, MAY 27 8:30 AM DURABLE GOODS ORDERS APRIL 0.4% 2.5% 9 AM CASE-SHILLER HOME PRICE INDEX MARCH -- 12.9% YOY 9 AM FHFA HOME PRICE INDEX MARCH -- 6.9% YOY 10 AM CONSUMER CONFIDENCE INDEX MAY 83.0 83.2 WEDNESDAY, MAY 28 NONE SCHEDULED THURSDAY, MAY 29 8:30 AM JOBLESS CLAIMS 5/24 N/A N/A 8:30 AM GDP REVISION Q1 -0.6% -0.1% 10 AM PENDING HOME SALES APRIL -- 3.4% FRIDAY, MAY 30 8:30 AM PERSONAL INCOME APRIL 0.4% 0.5% 8:30 AM CONSUMER SPENDING APRIL 0.2% 0.9% 9:45 AM CHICAGO PMI MAY 60.8 63.0 10 AM UMICH CONSUMER SENTIMENT INDEX MAY 82.5 81.8