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DAILY REPORT
18th
AUGUST 2014
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance
Hong Kong's benchmark index closed at its highest level
since November 2010 on Friday, pushed up by index heavy-
weight China Mobile The Hang Seng Index ended up 0.6
percent at 24,954.94 points, the highest close since Nov. 8,
2010. The China Enterprises Index of the leading offshore
Chinese listings in Hong Kong was up 0.3 percent for the
day
European shares sharply reversed earlier gains to end in
negative territory on Friday, led down by the Russia-
exposed DAX index, on news of a Ukrainian attack on a Rus-
sian convoy. But the news of the clash saw the FTSEurofirst
300, up almost 1 percent earlier on Friday, drop 0.5 percent
to 1,323.10 points. Germany's DAX, dominated by firms
heavily dependent on Russian energy, sank 1.4%
Wall Street
U.S. stocks ended mixed on Friday, paring an earlier selloff
sparked by reports of Ukraine shelling a Russian armored
column. The S&P 500 .SPX ended Friday down a mere frac-
tion of a point. The three major U.S. stock indexes posted a
second straight week of gains after a correction that evapo-
rated following a brief drop of 4 %. DJI fell 50.67pts, or
0.30%, to close at 16,662.91. The S&P 500 dipped 0.12 of a
point, or 0.01%, to end at 1,955.06. The Nasdaq added
11.93pts, or 0.27%, to end at 4,464.93.
Previous day Roundup
Indian shares rose on Thursday to their highest close in
nearly two-and-a-half weeks as blue-chips such as ICICI
Bank Ltd gained, tracking higher Asian stocks as soft eco-
nomic data globally kept up hopes of continued stimulus
from central banks. India's broader NSE index was just
0.6%. FIIlargely responsible for shares hitting record highs
late last month, bought stocks worth 7.18bn rupees on
Wednesday. The benchmark BSE index rose 0.71%, or
184.28pts, to end at 26,103.23, its highest close since July
25 when it hit a record high of 26,300.17. The broader NSE
index rose 0.67%, or 52.15pts, to end at 7,791.70,
Index stats
The Market was very volatile in last session. The sartorial
indices performed as follow; Consumer Durables [up
176.26pts], Capital Goods [up 251.31pts], PSU [up
94.75pts], FMCG [up 16.69pts], Auto [up 92.07pts], Health-
care [up 144.72pts], IT [down 7.58Pts], Metals [down
243.02pts], TECK [down 2.67pts], Oil& Gas [up 152.32pts],
Power [up 30.32pts], Realty [up 92.07 pts].
World Indices
Index Value % Change
D J l 16662.91 -0.30
S&P 500 1955.06 -0.01
NASDAQ 4464.93 -0.81
EURO STO 3033.52 +0.06
FTSE 100 6689.08 +0.06
Nikkei 225 15318.34 +0.02
Hong Kong 24954.94 +0.60
Top Gainers
Company CMP Change % Chg
JINDALSTEL 284.10 9.00 3.27
GAIL 424.70 12.90 3.13
MCDOWELL-N 2,360.00 62.80 2.73
AMBUJACEM 210.90 5.20 2.53
SSLT 288.30 6.75 2.40
Top Losers
Company CMP Change % Chg
HEROMOTOCO 2,514.00 64.70 -2.51
HINDALCO 176.40 3.65 -2.03
HDFC 1,123.95 20.15 -1.76
HCLTECH 1,537.05 23.10 -1.48
BHARTIARTL 364.00 4.60 -1.25
Stocks at 52 Week’s high
Symbol Prev. Close Change %Chg
BHARATFORG 765.00 2.10 -0.27
DABUR 218.00 6.85 +3.24
GLENMARK 703.00 0.35 +0.05
HDFC 1123.95 20.15 -1.76
MARUTY 2670.00 19.05 +0.72
Indian Indices
Company CMP Change % Chg
NIFTY 7791.7 +52.15 +0.67
SENSEX 26103.23 +184.23 +0.71
Stocks at 52 Week’s Low
Symbol Prev. Close Change %Chg
DAILY REPORT
18th
AUGUST 2014
YOUR MINTVISORY Call us at +91-731-6642300
STOCK RECOMMENDATIONS [FUTURE]
1. VOLTAS FUTURE
VOLTAS FUTURE is looking strong on charts, long build up
has been seen, we may see more upside, if it sustains above
220 levels. We advise buying around 218-220 levels with
strict stop loss of 215 for the targets of 222-225 levels.
2. RANBAXY FUTURE
RANBAXY FUTURE is looking strong on charts, long build up
has been seen, we may see more upside, if it sustains above
600 levels. We advise buying around 590-600 levels with
strict stopl oss of 580 for the targets of 610-620 levels.
EQUITY CASH & FUTURE
STOCK RECOMMENDATION [CASH]
1. ALEMBIC PHARMA
ALEMBIC PHARMACEUTICALS LTD symmetrical triangle on
daily chart. We advise buying around 355 level with strict
stop loss 349 for the targets of 126.50-123.50
MACRO NEWS
Telecom operator Reliance Communications has reported
a 15.4 % decline in first quarter (April-June) consolidated
net profit at Rs 132 crore due to lower other income de-
spite sharp fall total expenses. Profit in previous quarter
was Rs 156 crore (which was boosted by tax write-back of
Rs 1,026 crore).
The July WPI came in at 5.19% (provisional), marginally
higher than poll of 5.16%. The 2013 July wholesale price
inflation stood higher at 5.85%. Alongside, the govt has
revised May inflation numbers higher at 6.18 %, marking
it the third revision of prices in recent months.
After registering double digit growth for two consecutive
months, India's exports grew by 7.33% to USD 27.72bn in
July, while imports rose by 4.25% to USD 39.95 bn. Trade
deficit narrowed down to USD 12.22 bn during the month
under review from USD 12.49bn. Exports in May and June
registered a growth of 12.4% and 10.22%, respectively. In
Apr-July exports grew by 8.62% to USD 107.8bn. Imports
dipped by 3.8% to USD 153.15bn during the first four
months of this financial year.
Infrastructure loan refinancing may top Rs 30,000 crore
post reduction of minimum takeout requirement.
DAILY REPORT
18th
AUGUST 2014
YOUR MINTVISORY Call us at +91-731-6642300
FUTURE & OPTION
MOST ACTIVE PUT OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts
)
Open
Interest
NIFTY PE 7,700 33.05 4,96,353 63,16,650
NIFTY PE 7,600 16.25 3,67,963 78,87,800
NIFTY PE 7,800 66.75 3,03,840 39,00,750
BANKNIFTY PE 14,500 37.3 28,810 4,98,775
SBIN PE 2,300 18 2,642 2,39,125
RELIANCE PE 980 5.5 2,622 6,43,000
TATASTEEL PE 530 6.15 2,451 6,37,000
SBIN PE 2,350 34.35 2,303 1,00,125
MOST ACTIVE CALL OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 7,800 65.85 4,99,055 55,12,450
NIFTY CE 7,900 28.05 4,41,605 47,82,000
NIFTY CE 8,000 10 2,24,840 72,95,400
BANKNIFTY CE 15,500 64.5 38,759 4,29,825
RELIANCE CE 1,000 16 6,857 10,46,000
SBIN CE 2,400 32.2 5,989 3,57,625
RELIANCE CE 1,020 9 5,104 10,85,750
TATASTEEL CE 550 7.7 3,747 9,81,000
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 54348 2108.86 38870 1503.95 275695 10714.83 604.91
INDEX OPTIONS 338686 13039.25 358882 13790.01 1489541 57951.27 -750.76
STOCK FUTURES 73490 2746.38 66871 2420.50 1399249 49803.31 325.89
STOCK OPTIONS 62444 2374.47 65918 2508.83 74226 2704.12 -134.36
TOTAL 45.68
INDICES R2 R1 PIVOT S1 S2
NIFTY 7,833.43 7,812.57 7,775.83 7,754.97 7,718.23
BANK NIFTY 15,262.68 15,176.17 15,058.23 14,971.72 14,853.78
STOCKS IN NEWS
Cipla Q1 profit falls 39% on weak operational perform-
ance.
Govt proposes to ensure coal supply to each existing
and upcoming power plant commissioned before April
2017
Gujarat State Petroleum Corporation’s KG gas to sell at
$4.2/unit till October.
CanBank aims cash recovery of Rs 6,500cr for FY15
Lanco may sell more power plans & aiming to raise Rs
20000 cr.
NIFTY FUTURE
Nifty Future closed upside in the last trading session. We
advise buying around 7820evel with strict stop loss of
7770 for the targets of 7870-7920
DAILY REPORT
18th
AUGUST 2014
YOUR MINTVISORY Call us at +91-731-6642300
COMMODITY MCX
RECOMMENDATIONS
SILVER
TRADING STRATEGY:
BUY SILVER SEP ABOVE 43450 TGTS 43650,43950 SL 43150
SELL SILVER SEP BELOW 43200 TGTS 43000,42700 SL 43500
GOLD
TRADING STRATEGY:
BUY GOLD OCT ABOVE 28750 TGTS 28830,28930 SL 28670
SELL GOLD OCT BELOW 28600 TGTS 28520,28420 SL 28680
COMMODITY ROUNDUP
In commodity markets, worries about Chinese demand sent
copper to a seven-week low below $6,874 per tonne. Spot
gold, in contrast, found support from the outlook for loose
monetary policy and edged up to $1,311.40 an ounce.
Prices for Brent crude oil touched a 13-month trough at
$102.37 a barrel before steadying at $103.99. U.S. crude
was down 21 cents at $97.38.
Gold held on to small overnight gains on Thursday, as slug-
gish U.S. retail sales data boosted the metal's safe-haven
appeal, although higher stock markets could keep any gains
in check. Spot gold was steady at $1,311.16 an ounce by
0025GMT, after gaining 0.3 percent in the previous session.
U.S. gold slipped about $2 to $1,312.70.
Tracking a weak global trend, silver prices moved down by
0.38% to Rs 43,682 per kg in futures trade yesterday as
speculators partially trimmed positions. At MCX, silver for
delivery in September moved down by Rs 165, or 0.38%, to
Rs 43,682 per kg in a business turnover of 434 lots. Simi-
larly, the white metal for delivery in far-month December
declined by Rs 141, or 0.32%, to Rs 44,500 per kg in three
lots. Speculators trimmed positions in tandem with a weak
global trend as ebbing tensions in the Middle East and
Ukraine boosted global equities, damping demand for the
metal as an alternative investment, weighed on silver fu-
tures here. Meanwhile, silver traded lower at $19.99 an
ounce from yesterday's $20.01 in Singapore yesterday.
Nickel prices fell by 0.30% to Rs 1,149 per kg in futures
trade yesterday as speculators indulged in booking profits
even as the metal strengthened overseas. At the MCX,
nickel for delivery in August declined by Rs 3.50, or 0.30%,
to Rs 1,149 per kg in a business turnover of 859 lots. The
metal for delivery in September shed Rs 2.40, or 0.21%, to
Rs 1,156.60 per kg in 25 lots. The fall in nickel prices in fu-
tures trade was largely due to profit-booking by speculators
at current levels and subdued demand from alloy-makers
but the metal's strength at the LME capped losses. Globally,
nickel rose for the third day, advancing 0.40% to USD
18,817 per tonne at the LME after Indonesia said its ban on
ore exports will remain in place under the next government
DAILY REPORT
18th
AUGUST 2014
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
DHANIYA
BUY DHANIYA SEP ABOVE 11975 TGTS 12005,12055 SL
11925
SELL DHANIYA SEP BELOW 11780 TGTS 11750,11700 SL
11830
GUARGUM
BUY GUARGUM OCT ABOVE 16110 TGTS 16160,16260 SL
16020
SELL GUARGUM OCT BELOW 15950 TGTS 15900,15800 SL
16040
NCDEX
NCDEX INDICES
Index Value % Change
Castor Seed 4260 -1.11
Chana 2870 -0.93
Coriander 11400 -1.44
Cotton Seed Oilcake 1750 +0.57
Guarseed 5664 -0.02
Jeera 11145 +0.13
Mustard seed 3434 -2.58
Soy Bean 3510 -3.99
Sugar M Grade 3080 +0.10
Turmeric 6450 +0.31
NCDEX ROUNDUP
Turmeric futures slumped sharply on weak demand due to
poor quality of the crops. The NCDEX turmeric September
delivery ended the day at Rs 6600, down Rs 24 or
0.36%. Weak offtakes by the domestic and overseas buyers
due to poor quality arrivals kept prices under pressure. Tur-
meric futures failed to recover further on weak demand and
the fell back to Rs 6514 level. The counter ended the day at
Rs Rs 6600, down Rs 24 or 0.36%. The open interest dipped
650 tonnes to 15,255 tonnes, indicating profit taking.
Jeera futures pared the previous gains on short selling on
improved arrivals, weak demand amid on technical cues.
The NCDEX Jeera September delivery settled the day at Rs
11,225, down Rs 85 or 0.75%. Selling extended in spot Jeera
amid lack of demand at elevated levels following rising arri-
vals. The total stocks in local mandies were almost double
of the previous year's level of 35 lakh bags due to record
production in the current year. Jeera failed continue last
two days of gains above Rs 11,350 level as weak spot de-
mand and improved arrivals triggered selling in the counter.
The NCDEX Jeera September delivery ended the day at Rs
11,225, down Rs 85 or 0.75% and the open interest added
129 tonnes to 8,088 tonnes, indicating short selling.
Potato prices in the country are high and expected to re-
main so, due to an output decline in the major growing
states. This was exacerbated by West Bengal earlier this
month banning movement outside the state. The govern-
ment here has temporarily re-allowed supply but if it stops,
prices elsewhere will rise again.
DAILY REPORT
18th
AUGUST 2014
YOUR MINTVISORY Call us at +91-731-6642300
EUR/INR
SELL EUR-INR BELOW 81.27 TG 81.07,80.80 SL 81.60
BUY EUR-INR ABOVE 81.70 TG 81.90 .82.20 SL 81.40
GBP/INR
SELL GBP-INR BELOW 101.44 TG 101.24 100,94 SL 101.74
BUY GBP-INR ABOVE 101.80 TG 102,102.30 SL 101.50
CURRENCY ROUNDUP
The Indian rupee rallied on Monday to close above 60 per
dollar after its best daily gain since the national election in
mid-May as anticipation of continued stimulus from central
banks globally lifted emerging market assets. Recent geopo-
litical concerns due to the turmoil in Iraq and Ukraine also
eased, while sentiment also benefited from Brent crude fal-
ling to 13-month lows. As a result, the rupee rose 0.62 per-
cent against the dollar to post its best weekly gain in three
months.
The partially convertible rupee closed at 60.76/77 per dol-
lar, compared with Wednesday's close of 61.215/225, to
post its biggest daily gain since the election of Modi on May
16. The gains tracked higher emerging market assets, with
the NSE index closing at its highest in nearly 2-1/2 weeks. In
the offshore non-deliverable forwards, the one-month con-
tract was at 61.09/14 , while the three-month contract was
at 61.65/75.
The dollar traded largely lower against most major curren-
cies on Friday, as a mixed bag of data coupled with a fresh
flare up in the Russia-Ukraine conflict stoked concerns the
U.S. economy still faces headwinds as it recovers. In U.S.
trading on Friday, EUR/USD was up 0.24% at 1.3398. A dou-
ble-shot of mixed data and geopolitical concerns took its toll
on the dollar on Friday.
The dollar was down against the yen, with USD/JPY down
0.12% at 102.33, and down against the Swiss franc, with
USD/CHF down 0.44% at 0.9026. The greenback was down
against the pound, with GBP/USD up 0.07% at 1.6698. The
dollar was mixed against its cousins in Canada, Australia and
New Zealand, with USD/CAD down 0.12% at 1.0890, AUD/
USD up 0.06% at 0.9325 and NZD/USD down 0.05% at
0.8488.
The US Dollar Index, which tracks the performance of the
greenback versus a basket of six other major currencies,
was down 0.20% at 81.47.
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 61.0583 Yen-100 59.5500
Euro 81.552 GBP 101.8391
DAILY REPORT
18th
AUGUST 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
14/08/14 MCX GOLD OCT. BUY 28750 28830-28930 28670 SL TRIGGERED
14/08/14 MCX GOLD OCT. SELL 28600 28520-28420 28680 BOOKED PROFIT
14/08/14 MCX SILVER SEP. BUY 43450 43650-43950 43150 SL TRIGGERED
14/08/14 MCX SILVER SEP. SELL 43200 43000-42700 43500 SL TRIGGERED
14/08/14 NCDEX GUARGUM OCT. BUY 16110 16160-16260 16020
BOOKED FULL
PROFIT
14/08/14 NCDEX GUARGUM OCT. SELL 15950 15900-15800 16040
BOOKED FULL
PROFIT
14/08/14 NCDEX DHANIYA SEP. BUY 11975 12005-12055 11925 NOT EXECUTED
14/08/14 NCDEX DHANIYA SEP. SELL 11780 11750-11700 11830
BOOKED FULL
PROFIT
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
14/08/14 NIFTY FUTURE SELL 7720 760-7620 7770 NOT EXECUTED
14/08/14 SUNPHARMA FUTURE BUY 790-800 820-835 770 NOT EXECUTED
14/08/14 AXISBANK FUTURE SELL 380-370 360-350 390 CALL OPEN
14/08/14 GATI CASH SELL 129.5 126.5-123 132.5 SL TRIGGERED
DAILY REPORT
18th
AUGUST 2014
YOUR MINTVISORY Call us at +91-731-6642300
NEXT WEEK'S U.S. ECONOMIC REPORTS
ECONOMIC CALENDAR
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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.
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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, AUG. 18
10 AM HOME BUILDERS' INDEX AUG. -- 53
TUESDAY, AUG. 19
8:30 AM CONSUMER PRICE INDEX JULY 0.1% 0.3%
8:30 AM CORE CPI JULY 0.2% 0.1%
8:30 AM HOUSING STARTS JULY 979,000 893,000
WEDNESDAY, AUG. 20
2 PM FOMC MINUTES 7/29-30
THURSDAY, AUG. 21
8:30 AM WEEKLY JOBLESS CLAIMS AUG. 16 -- N/A
9:45 AM MARKIT FLASH PMI AUG. -- 55.8
10 AM PHILLY FED AUG. -- 23.9
10 AM EXISTING HOME SALES JULY 5.02 MLN 5.04 MLN
10 AM LEADING INDICATORS JULY -- 0.3%
FRIDAY, AUG. 22
NON SCHEDULED

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Stock market special report by epic research 18th august 2014

  • 1. DAILY REPORT 18th AUGUST 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Hong Kong's benchmark index closed at its highest level since November 2010 on Friday, pushed up by index heavy- weight China Mobile The Hang Seng Index ended up 0.6 percent at 24,954.94 points, the highest close since Nov. 8, 2010. The China Enterprises Index of the leading offshore Chinese listings in Hong Kong was up 0.3 percent for the day European shares sharply reversed earlier gains to end in negative territory on Friday, led down by the Russia- exposed DAX index, on news of a Ukrainian attack on a Rus- sian convoy. But the news of the clash saw the FTSEurofirst 300, up almost 1 percent earlier on Friday, drop 0.5 percent to 1,323.10 points. Germany's DAX, dominated by firms heavily dependent on Russian energy, sank 1.4% Wall Street U.S. stocks ended mixed on Friday, paring an earlier selloff sparked by reports of Ukraine shelling a Russian armored column. The S&P 500 .SPX ended Friday down a mere frac- tion of a point. The three major U.S. stock indexes posted a second straight week of gains after a correction that evapo- rated following a brief drop of 4 %. DJI fell 50.67pts, or 0.30%, to close at 16,662.91. The S&P 500 dipped 0.12 of a point, or 0.01%, to end at 1,955.06. The Nasdaq added 11.93pts, or 0.27%, to end at 4,464.93. Previous day Roundup Indian shares rose on Thursday to their highest close in nearly two-and-a-half weeks as blue-chips such as ICICI Bank Ltd gained, tracking higher Asian stocks as soft eco- nomic data globally kept up hopes of continued stimulus from central banks. India's broader NSE index was just 0.6%. FIIlargely responsible for shares hitting record highs late last month, bought stocks worth 7.18bn rupees on Wednesday. The benchmark BSE index rose 0.71%, or 184.28pts, to end at 26,103.23, its highest close since July 25 when it hit a record high of 26,300.17. The broader NSE index rose 0.67%, or 52.15pts, to end at 7,791.70, Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 176.26pts], Capital Goods [up 251.31pts], PSU [up 94.75pts], FMCG [up 16.69pts], Auto [up 92.07pts], Health- care [up 144.72pts], IT [down 7.58Pts], Metals [down 243.02pts], TECK [down 2.67pts], Oil& Gas [up 152.32pts], Power [up 30.32pts], Realty [up 92.07 pts]. World Indices Index Value % Change D J l 16662.91 -0.30 S&P 500 1955.06 -0.01 NASDAQ 4464.93 -0.81 EURO STO 3033.52 +0.06 FTSE 100 6689.08 +0.06 Nikkei 225 15318.34 +0.02 Hong Kong 24954.94 +0.60 Top Gainers Company CMP Change % Chg JINDALSTEL 284.10 9.00 3.27 GAIL 424.70 12.90 3.13 MCDOWELL-N 2,360.00 62.80 2.73 AMBUJACEM 210.90 5.20 2.53 SSLT 288.30 6.75 2.40 Top Losers Company CMP Change % Chg HEROMOTOCO 2,514.00 64.70 -2.51 HINDALCO 176.40 3.65 -2.03 HDFC 1,123.95 20.15 -1.76 HCLTECH 1,537.05 23.10 -1.48 BHARTIARTL 364.00 4.60 -1.25 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg BHARATFORG 765.00 2.10 -0.27 DABUR 218.00 6.85 +3.24 GLENMARK 703.00 0.35 +0.05 HDFC 1123.95 20.15 -1.76 MARUTY 2670.00 19.05 +0.72 Indian Indices Company CMP Change % Chg NIFTY 7791.7 +52.15 +0.67 SENSEX 26103.23 +184.23 +0.71 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg
  • 2. DAILY REPORT 18th AUGUST 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. VOLTAS FUTURE VOLTAS FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 220 levels. We advise buying around 218-220 levels with strict stop loss of 215 for the targets of 222-225 levels. 2. RANBAXY FUTURE RANBAXY FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 600 levels. We advise buying around 590-600 levels with strict stopl oss of 580 for the targets of 610-620 levels. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. ALEMBIC PHARMA ALEMBIC PHARMACEUTICALS LTD symmetrical triangle on daily chart. We advise buying around 355 level with strict stop loss 349 for the targets of 126.50-123.50 MACRO NEWS Telecom operator Reliance Communications has reported a 15.4 % decline in first quarter (April-June) consolidated net profit at Rs 132 crore due to lower other income de- spite sharp fall total expenses. Profit in previous quarter was Rs 156 crore (which was boosted by tax write-back of Rs 1,026 crore). The July WPI came in at 5.19% (provisional), marginally higher than poll of 5.16%. The 2013 July wholesale price inflation stood higher at 5.85%. Alongside, the govt has revised May inflation numbers higher at 6.18 %, marking it the third revision of prices in recent months. After registering double digit growth for two consecutive months, India's exports grew by 7.33% to USD 27.72bn in July, while imports rose by 4.25% to USD 39.95 bn. Trade deficit narrowed down to USD 12.22 bn during the month under review from USD 12.49bn. Exports in May and June registered a growth of 12.4% and 10.22%, respectively. In Apr-July exports grew by 8.62% to USD 107.8bn. Imports dipped by 3.8% to USD 153.15bn during the first four months of this financial year. Infrastructure loan refinancing may top Rs 30,000 crore post reduction of minimum takeout requirement.
  • 3. DAILY REPORT 18th AUGUST 2014 YOUR MINTVISORY Call us at +91-731-6642300 FUTURE & OPTION MOST ACTIVE PUT OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts ) Open Interest NIFTY PE 7,700 33.05 4,96,353 63,16,650 NIFTY PE 7,600 16.25 3,67,963 78,87,800 NIFTY PE 7,800 66.75 3,03,840 39,00,750 BANKNIFTY PE 14,500 37.3 28,810 4,98,775 SBIN PE 2,300 18 2,642 2,39,125 RELIANCE PE 980 5.5 2,622 6,43,000 TATASTEEL PE 530 6.15 2,451 6,37,000 SBIN PE 2,350 34.35 2,303 1,00,125 MOST ACTIVE CALL OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 7,800 65.85 4,99,055 55,12,450 NIFTY CE 7,900 28.05 4,41,605 47,82,000 NIFTY CE 8,000 10 2,24,840 72,95,400 BANKNIFTY CE 15,500 64.5 38,759 4,29,825 RELIANCE CE 1,000 16 6,857 10,46,000 SBIN CE 2,400 32.2 5,989 3,57,625 RELIANCE CE 1,020 9 5,104 10,85,750 TATASTEEL CE 550 7.7 3,747 9,81,000 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 54348 2108.86 38870 1503.95 275695 10714.83 604.91 INDEX OPTIONS 338686 13039.25 358882 13790.01 1489541 57951.27 -750.76 STOCK FUTURES 73490 2746.38 66871 2420.50 1399249 49803.31 325.89 STOCK OPTIONS 62444 2374.47 65918 2508.83 74226 2704.12 -134.36 TOTAL 45.68 INDICES R2 R1 PIVOT S1 S2 NIFTY 7,833.43 7,812.57 7,775.83 7,754.97 7,718.23 BANK NIFTY 15,262.68 15,176.17 15,058.23 14,971.72 14,853.78 STOCKS IN NEWS Cipla Q1 profit falls 39% on weak operational perform- ance. Govt proposes to ensure coal supply to each existing and upcoming power plant commissioned before April 2017 Gujarat State Petroleum Corporation’s KG gas to sell at $4.2/unit till October. CanBank aims cash recovery of Rs 6,500cr for FY15 Lanco may sell more power plans & aiming to raise Rs 20000 cr. NIFTY FUTURE Nifty Future closed upside in the last trading session. We advise buying around 7820evel with strict stop loss of 7770 for the targets of 7870-7920
  • 4. DAILY REPORT 18th AUGUST 2014 YOUR MINTVISORY Call us at +91-731-6642300 COMMODITY MCX RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER SEP ABOVE 43450 TGTS 43650,43950 SL 43150 SELL SILVER SEP BELOW 43200 TGTS 43000,42700 SL 43500 GOLD TRADING STRATEGY: BUY GOLD OCT ABOVE 28750 TGTS 28830,28930 SL 28670 SELL GOLD OCT BELOW 28600 TGTS 28520,28420 SL 28680 COMMODITY ROUNDUP In commodity markets, worries about Chinese demand sent copper to a seven-week low below $6,874 per tonne. Spot gold, in contrast, found support from the outlook for loose monetary policy and edged up to $1,311.40 an ounce. Prices for Brent crude oil touched a 13-month trough at $102.37 a barrel before steadying at $103.99. U.S. crude was down 21 cents at $97.38. Gold held on to small overnight gains on Thursday, as slug- gish U.S. retail sales data boosted the metal's safe-haven appeal, although higher stock markets could keep any gains in check. Spot gold was steady at $1,311.16 an ounce by 0025GMT, after gaining 0.3 percent in the previous session. U.S. gold slipped about $2 to $1,312.70. Tracking a weak global trend, silver prices moved down by 0.38% to Rs 43,682 per kg in futures trade yesterday as speculators partially trimmed positions. At MCX, silver for delivery in September moved down by Rs 165, or 0.38%, to Rs 43,682 per kg in a business turnover of 434 lots. Simi- larly, the white metal for delivery in far-month December declined by Rs 141, or 0.32%, to Rs 44,500 per kg in three lots. Speculators trimmed positions in tandem with a weak global trend as ebbing tensions in the Middle East and Ukraine boosted global equities, damping demand for the metal as an alternative investment, weighed on silver fu- tures here. Meanwhile, silver traded lower at $19.99 an ounce from yesterday's $20.01 in Singapore yesterday. Nickel prices fell by 0.30% to Rs 1,149 per kg in futures trade yesterday as speculators indulged in booking profits even as the metal strengthened overseas. At the MCX, nickel for delivery in August declined by Rs 3.50, or 0.30%, to Rs 1,149 per kg in a business turnover of 859 lots. The metal for delivery in September shed Rs 2.40, or 0.21%, to Rs 1,156.60 per kg in 25 lots. The fall in nickel prices in fu- tures trade was largely due to profit-booking by speculators at current levels and subdued demand from alloy-makers but the metal's strength at the LME capped losses. Globally, nickel rose for the third day, advancing 0.40% to USD 18,817 per tonne at the LME after Indonesia said its ban on ore exports will remain in place under the next government
  • 5. DAILY REPORT 18th AUGUST 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS DHANIYA BUY DHANIYA SEP ABOVE 11975 TGTS 12005,12055 SL 11925 SELL DHANIYA SEP BELOW 11780 TGTS 11750,11700 SL 11830 GUARGUM BUY GUARGUM OCT ABOVE 16110 TGTS 16160,16260 SL 16020 SELL GUARGUM OCT BELOW 15950 TGTS 15900,15800 SL 16040 NCDEX NCDEX INDICES Index Value % Change Castor Seed 4260 -1.11 Chana 2870 -0.93 Coriander 11400 -1.44 Cotton Seed Oilcake 1750 +0.57 Guarseed 5664 -0.02 Jeera 11145 +0.13 Mustard seed 3434 -2.58 Soy Bean 3510 -3.99 Sugar M Grade 3080 +0.10 Turmeric 6450 +0.31 NCDEX ROUNDUP Turmeric futures slumped sharply on weak demand due to poor quality of the crops. The NCDEX turmeric September delivery ended the day at Rs 6600, down Rs 24 or 0.36%. Weak offtakes by the domestic and overseas buyers due to poor quality arrivals kept prices under pressure. Tur- meric futures failed to recover further on weak demand and the fell back to Rs 6514 level. The counter ended the day at Rs Rs 6600, down Rs 24 or 0.36%. The open interest dipped 650 tonnes to 15,255 tonnes, indicating profit taking. Jeera futures pared the previous gains on short selling on improved arrivals, weak demand amid on technical cues. The NCDEX Jeera September delivery settled the day at Rs 11,225, down Rs 85 or 0.75%. Selling extended in spot Jeera amid lack of demand at elevated levels following rising arri- vals. The total stocks in local mandies were almost double of the previous year's level of 35 lakh bags due to record production in the current year. Jeera failed continue last two days of gains above Rs 11,350 level as weak spot de- mand and improved arrivals triggered selling in the counter. The NCDEX Jeera September delivery ended the day at Rs 11,225, down Rs 85 or 0.75% and the open interest added 129 tonnes to 8,088 tonnes, indicating short selling. Potato prices in the country are high and expected to re- main so, due to an output decline in the major growing states. This was exacerbated by West Bengal earlier this month banning movement outside the state. The govern- ment here has temporarily re-allowed supply but if it stops, prices elsewhere will rise again.
  • 6. DAILY REPORT 18th AUGUST 2014 YOUR MINTVISORY Call us at +91-731-6642300 EUR/INR SELL EUR-INR BELOW 81.27 TG 81.07,80.80 SL 81.60 BUY EUR-INR ABOVE 81.70 TG 81.90 .82.20 SL 81.40 GBP/INR SELL GBP-INR BELOW 101.44 TG 101.24 100,94 SL 101.74 BUY GBP-INR ABOVE 101.80 TG 102,102.30 SL 101.50 CURRENCY ROUNDUP The Indian rupee rallied on Monday to close above 60 per dollar after its best daily gain since the national election in mid-May as anticipation of continued stimulus from central banks globally lifted emerging market assets. Recent geopo- litical concerns due to the turmoil in Iraq and Ukraine also eased, while sentiment also benefited from Brent crude fal- ling to 13-month lows. As a result, the rupee rose 0.62 per- cent against the dollar to post its best weekly gain in three months. The partially convertible rupee closed at 60.76/77 per dol- lar, compared with Wednesday's close of 61.215/225, to post its biggest daily gain since the election of Modi on May 16. The gains tracked higher emerging market assets, with the NSE index closing at its highest in nearly 2-1/2 weeks. In the offshore non-deliverable forwards, the one-month con- tract was at 61.09/14 , while the three-month contract was at 61.65/75. The dollar traded largely lower against most major curren- cies on Friday, as a mixed bag of data coupled with a fresh flare up in the Russia-Ukraine conflict stoked concerns the U.S. economy still faces headwinds as it recovers. In U.S. trading on Friday, EUR/USD was up 0.24% at 1.3398. A dou- ble-shot of mixed data and geopolitical concerns took its toll on the dollar on Friday. The dollar was down against the yen, with USD/JPY down 0.12% at 102.33, and down against the Swiss franc, with USD/CHF down 0.44% at 0.9026. The greenback was down against the pound, with GBP/USD up 0.07% at 1.6698. The dollar was mixed against its cousins in Canada, Australia and New Zealand, with USD/CAD down 0.12% at 1.0890, AUD/ USD up 0.06% at 0.9325 and NZD/USD down 0.05% at 0.8488. The US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.20% at 81.47. RBI Reference Rate Currency Rate Currency Rate Rupee- $ 61.0583 Yen-100 59.5500 Euro 81.552 GBP 101.8391
  • 7. DAILY REPORT 18th AUGUST 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 14/08/14 MCX GOLD OCT. BUY 28750 28830-28930 28670 SL TRIGGERED 14/08/14 MCX GOLD OCT. SELL 28600 28520-28420 28680 BOOKED PROFIT 14/08/14 MCX SILVER SEP. BUY 43450 43650-43950 43150 SL TRIGGERED 14/08/14 MCX SILVER SEP. SELL 43200 43000-42700 43500 SL TRIGGERED 14/08/14 NCDEX GUARGUM OCT. BUY 16110 16160-16260 16020 BOOKED FULL PROFIT 14/08/14 NCDEX GUARGUM OCT. SELL 15950 15900-15800 16040 BOOKED FULL PROFIT 14/08/14 NCDEX DHANIYA SEP. BUY 11975 12005-12055 11925 NOT EXECUTED 14/08/14 NCDEX DHANIYA SEP. SELL 11780 11750-11700 11830 BOOKED FULL PROFIT Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 14/08/14 NIFTY FUTURE SELL 7720 760-7620 7770 NOT EXECUTED 14/08/14 SUNPHARMA FUTURE BUY 790-800 820-835 770 NOT EXECUTED 14/08/14 AXISBANK FUTURE SELL 380-370 360-350 390 CALL OPEN 14/08/14 GATI CASH SELL 129.5 126.5-123 132.5 SL TRIGGERED
  • 8. DAILY REPORT 18th AUGUST 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, AUG. 18 10 AM HOME BUILDERS' INDEX AUG. -- 53 TUESDAY, AUG. 19 8:30 AM CONSUMER PRICE INDEX JULY 0.1% 0.3% 8:30 AM CORE CPI JULY 0.2% 0.1% 8:30 AM HOUSING STARTS JULY 979,000 893,000 WEDNESDAY, AUG. 20 2 PM FOMC MINUTES 7/29-30 THURSDAY, AUG. 21 8:30 AM WEEKLY JOBLESS CLAIMS AUG. 16 -- N/A 9:45 AM MARKIT FLASH PMI AUG. -- 55.8 10 AM PHILLY FED AUG. -- 23.9 10 AM EXISTING HOME SALES JULY 5.02 MLN 5.04 MLN 10 AM LEADING INDICATORS JULY -- 0.3% FRIDAY, AUG. 22 NON SCHEDULED