stock market special report by epic research 31st july 2014
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- DAILY REPORT 31st JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Asian equities were mixed on Thursday following ro- bust US economic data and as investors braced for Ar- gentina to default on its debt for the second time in twelve years. Shanghai Composite declined 3.50pts to 2,177.74 while Hang Seng rose 5.20pts to 24,737.41 and Nikkei 225 Average advanced 72.17pts to 15,718.40,. STI rose 17.1pts to 0.51% to 3,370.76. European shares closed lower on Wednesday, as strong U.S. growth failed to offset some weak earnings reports and concern the conflict between Russia and Ukraine will escalate. The FTSEurofirst 300 index closed 0.5% lower at 1,366.52pts after a choppy session. Wall Street Update The S&P 500 and Nasdaq ended higher on Wednesday after the Federal Reserve gave a rosier assessment of the US economy while reaffirming that it is in no hurry to raise interest rates. The US central bank also, as ex- pected, reduced its monthly asset purchases to USD 25 billion from USD 35 billion. The Dow Jones industrial average fell 31.75 points, or 0.19 %, to 16,880.36, the S&P 500 gained 0.12 points, or 0.01 %, to 1,970.07, and Nasdaq Composite added 20.20 points, or 0.45 %, to 4,462.90. Previous day Roundup Equity benchmarks bounced back after two-day fall. The 30-share BSE Sensex jumped 96.19 points to close at 26087.42 while the 50-share NSE Nifty rallied 42.70 points to 7791.40 ahead of expiry of July derivative contracts. About 1403 shares have advanced, 1488 shares declined, and 121 shares are unchanged. Equity benchmarks rebounded in last couple of hours of trade on Wednesday after falling since last Friday. The market saw the third highest turnover at Rs 6.43 lakh crore ahead of expiry of July derivative contracts on Thursday. Index stats The Market was very volatile in last session. The sarto- rial indices performed as follow; Consumer Durables [down pts], Capital Goods [down 725.96pts], PSU [up 45.42pts], FMCG [up 24.23pts], Auto [up 99.54pts], Healthcare [up 164.55pts], IT [down 24.28Pts], Metals [up 57.32pts], TECK [up 23.40pts], Oil& Gas [up 44.96pts], Power [up 13.46pts], Realty [up 15.30pts]. World Indices Index Value % Change D J l 16880.36 -0.19 S&P 500 1970.07 +0.01 NASDAQ 4462.90 +0.45 EURO STO 3169.23 -0.67 FTSE 100 6773.44 -0.50 Nikkei 225 15696.07 +0.32 Hong Kong 24754.54 +0.09 Top Gainers Company CMP Change % Chg LUPIN 1,180.00 61.35 5.48 BHARTIARTL 373.30 19.35 5.47 PNB 981.00 41.20 4.38 DLF 200.70 6.35 3.27 KOTAKBANK 970.80 29.60 3.14 Top Losers Company CMP Change % Chg LT 1,526.10 115 -7.01 JINDALSTEL 277.00 5.15 -1.83 TATAPOWER 99.60 1.65 -1.63 TECHM 2,157.00 34.05 -1.55 MCDOWELL-N 2,363.15 34.60 -1.44 Stocks at 52 Weeks high Symbol Prev. Close Change %Chg ASIAN PAINT 643.00 7.00 +1.10 BHARTIARTL 373.30 19.35 +5.47 DABUR 200.40 2.45 +1.24 HINDUNILVR 695 8.20 +1.19 KOTAK BANK 970.80 29.60 +3.19 Indian Indices Company CMP Change % Chg NIFTY 7791.40 +42.70 +0.55 SENSEX 26087.42 +96.19 +0.37 Stocks at 52 Weeks Low Symbol Prev. Close Change %Chg
- DAILY REPORT 31st JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. TATAMOTOR DVR FUTURE TATA MOTOR DVR FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sus- tains above 300 levels. We advise buying around 296-300 levels with strict stop loss of 290 for the targets of 305-310. 2. HAVELLS FUTURE HAVELLS FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it sustains below 1200 levels. We advise selling around 1180-1190 lev- els with strict stop loss of 1220 for the targets of 1150- 1120. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. INDOCO REMEDIES INDOCO REMEDIES is looking strong on charts. We advise buying around 210-215 level with strict stop loss 200 for the targets of 225-245 MACRO NEWS Results Today: ICICI Bank, HCL Tech, Maruti Suzuki, DLF, Tech Mahindra, NTPC, AbanOffshore, HCC, CARE, Castrol India, Cholamandalam Finance, Deepak Fertilizers, HDIL, JM Financial, Mahindra Life, Pantaloons, SPARC, Syndicate Bank, Bajaj Electricals, Greaves Cotton. Consolidated net profit grew 15.3 % sequentially (up 60.9 % year-on-year) to Rs 1,108.5 crore in the first quarter of current financial year 2014-15 on account of strong op- erational performance and lower forex loss but impacted by Africa operations, tax expenses and exceptional loss. Lupin sharply beat street expectations on every parame- ter with the net profit growing 56 % year-on-year at Rs 625 crore in the quarter ended June 2014 on account of hefty growth in US and Indian operations but impacted by higher tax expenses. Net profit in the year-ago period was Rs 401 crore. Cadila Healthcare has reported a 23.2 % growth in con- solidated net profit at Rs 240.2 crore in April-June quarter driven by strong sales growth in the US. Profit in the year- ago period was Rs 195 crore. Finance Minister to meet CEOs of PSU banks today on fi- nancial inclusion.
- DAILY REPORT 31st JULY 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 3.15 8,46,366 69,80,350 NIFTY PE 7,800 26.2 4,62,547 37,98,450 NIFTY PE 7,750 9 3,44,918 22,19,200 BANKNIFTY PE 15,200 9 75,116 2,66,725 LT PE 1,500 4.4 6,187 2,22,750 RELIANCE PE 1,000 1.9 4,538 6,56,000 SBIN PE 2,450 3.6 3,720 79,000 IDFC PE 150 0.15 3,702 25,28,000 MOST ACTIVE CALL OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 7,800 16.7 9,79,681 59,81,400 NIFTY CE 7,700 87.8 4,82,196 31,84,850 NIFTY CE 7,750 47.5 3,53,197 18,71,850 BANKNIFTY CE 15,500 37.2 82,136 6,01,900 SBIN CE 2,500 5.4 10,423 3,64,875 RELIANCE CE 1,020 1.2 7,834 11,85,750 LT CE 1,600 0.8 5,450 4,55,500 ICICIBANK CE 1,500 6.6 5,256 6,57,750 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 204827 7946.98 188602 7308.29 477115 18602.21 638.69 INDEX OPTIONS 540162 20781.03 527053 20311.97 1905470 74173.67 469.06 STOCK FUTURES 462003 16823.56 472610 17196.78 1584764 57278.34 -373.23 STOCK OPTIONS 81924 3034.21 87435 3273.49 121906 4534.44 -239.28 TOTAL 495.25 INDICES R2 R1 PIVOT S1 S2 NIFTY 7,857.00 7,824.20 7,765.90 7,733.10 7,674.80 BANK NIFTY 15,655.17 15,553.78 15,369.22 15,267.83 15,083.27 STOCKS IN NEWS Cadila Health Q1 profit up 23% to Rs 240cr led by US sales. IOB to raise $500 million through overseas bond sale. Sun Pharma -To seek shareholder nod for Ranbaxy deal on August 22 HUL puts prime industrial plot in Kutch on block . Unitech to offload 17.5 acre Noida plot for Rs 400 cr. Gammon India : Citigroup Global Markets Mauritius sells 6.91 lakh shares at Rs 28.80/share. NIFTY FUTURE Nifty Future closed in the green in the last trading ses- sion. We advise buying around 7700 - 7720 level with strict stop loss of 7670 for the targets of 7750-7790
- DAILY REPORT 31st JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 COMMODITY MCX RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER SEP ABOVE 44550 TGTS 44750,45050 SL 44250 SELL SILVER SEP BELOW 44200 TGTS 44000,43700 SL 44500 GOLD TRADING STRATEGY: BUY GOLD AUG ABOVE 27980 TGTS 28060,28180 SL 27880 SELL GOLD AUG BELOW 27720 TGTS 27640,27540 SL 27820 COMMODITY ROUNDUP Special Economic Zones dedicated to jewellery manufactur- ing and export have steadily lost a major chunk of business to units outside. The trade says the government rules fa- vour gem and jewellery export outside export zones. Lead futures rose 0.26% to Rs 134.30 per kg yesterday as participants enlarged positions amidst rising demand from battery-makers in the domestic spot market even as metal weakened overseas on rising inventories. At MCX lead for delivery in July traded higher by 35 paise, or 0.26%, to Rs 134.30 per kg, with a turnover of 545 lots. The metal for delivery in August gained 10 paise, or 0.07%, to Rs 134.90 per kg in a business volume of 263 lots. Pick up demand from battery-makers at the spot markets, influenced lead prices at futures trade but metal's weakness at LME, limited the gains. Globally, lead for delivery in three months con- tracts at the LME fell as much as 1.2% to $2,239.75 a metric tonne. Meanwhile, LME lead inventories climbed for the third time in four days to 214,650 tons, the highest since January 6, bourse data showed yesterday. Copper prices moved down by 0.10% to Rs 429.25 per kg in futures trade yesterday as speculators reduced positions amid a weak trend overseas and low demand in the spot market. At MCX copper for delivery in August shed 45 paise, or 0.10%, to Rs 429.25 per kg in a business turnover of 699 lots. Likewise, the metal for delivery in far-month Novem- ber traded lower by 35 paise, or 0.08%, to Rs 437.15 per kg in 19 lots. Fall in copper prices at futures trade was largely in tune with a weak trend in select base metals at the LME and subdued demand at domestic spot market. Meanwhile, copper for delivery in three months retreated 0.20% to $7,065.75 a metric tonne at the LME, while metal for deliv- ery in September slid one% to 50,280 yuan ($8,134) per tonne on the Shanghai Futures Exchange. Natural gas on MCX has now lost the luster with sharp fall in prices. On NYME dropped sharply to current level of $3.73 a mBtu, while at the same time domestic price on the MCX was around Rs 386.20 a mBtu as on February 20, 2014, almost both International and domestic prices have fallen more than 40 per cent. In the current month, it has dropped almost by 15% to close on Wednesday at Rs 229.5.
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