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DAILY REPORT
23rd
JUNE 2014
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance
The FTSEurofirst 300 climbed to a 6-1/2-year high on Fri-
day and recorded its 10th straight week of gains, with ana-
lysts saying that expectations of a pick-up in merger and
acquisition activity will further boost sentiment. The mar-
ket was underpinned by a 1 percent rise in the European
healthcare index, making it the best-performing sector.
Asian stocks and the Australian dollar rose on Monday as
upbeat news from China's factory sector and fresh highs
on Wall Street fueled appetite for riskier assets, MSCI's
broadest index of Asia-Pacific shares outside Japan. MIAP-
J0000PUS gained 0.7% by mid-morning. Tokyo's Nik-
kei .N225 rose 0.4%, shaking off early weakness.
Wall Street Update
U.S. stocks rose on Friday, driving the Dow and the S&P
500 to close at record highs as the shares of 330 compa-
nies hit 52-week highs on the New York Stock Exchange.
The S&P 500 scored its third record closing high in a row
while the Dow surpassed its previous record close on June
10. The blue-chip index hit an all-time intraday high at
16,978.02, coming close to the 17,000 mark.
The Dow Jones industrial average rose 25.62 points or
0.15 percent, to end at 16,947.08. The S&P 500 gained
3.39 points or 0.17 percent, to 1,962.87. The Nasdaq Com-
posite added 8.71 points or 0.20 percent, to 4,368.04.
Previous day Roundup
Benchmark as well as broader indices extended fall in late
trade Friday, continuing downtrend for the third consecu-
tive session but the 50-share NSE Nifty managed to hold
the 7500 level. The index lost 29.25 points to 7511.45 and
the 30-share BSE Sensex slipped 96.29 points to 25105.51
while the BSE Midcap and Smallcap indices were down 0.4
percent and 0.7%, respectively.
Index stats
The Market was very volatile in last session. The sartorial
indices performed as follow; Consumer Durables [up
285.04pts], Capital Goods [down 131.45pts], PSU [down
73.43pts], FMCG [down 1.51pts], Realty [up 10.34pts],
Power [down 17.35pts], Auto [down 137.26pts], Health-
care [up 103.27pts], IT [up 3.31ts], Metals [down
84.40pts], TECK [up p3.06ts], Oil& Gas [down 50.98pts].
World Indices
Index Value % Change
D J l 16947.08 +0.15
S&P 500 1962.87 +0.17
NASDAQ 4368.04 +0.20
EURO STO 3302.36 -0.38
FTSE 100 6825.20 +0.25
Nikkei 225 15349.42 -0.09
Hong Kong 23194.06 +0.11
Top Gainers
Company CMP Change % Chg
MCDOWELL-N 2695.00 93.80 +3.61
CAIRN 371.75 4.85 +1.32
AXISBANK 1865.05 23.25 +1.26
KOTAKBANK 935.00 11.35 +1.23
DLF 209.30 2.20 +1.06
Top Losers
Company CMP Change % Chg
M&M 1140.05 36.05 -3.07
TATAPOWER 101.15 2.80 -2.69
HINDALCO 163.5 4.25 -2.53
BPCL 550.4 14.05 -2.49
SUNPHARMA 630 12.55 -1.95
Stocks at 52 Week’s high
Symbol Prev. Close Change %Chg
ASIANPAINT 567.10 0.90 -0.16
COLPAL 1555 21.05 -1.34
JINDALPHOT 184.5 3.35 +1.85
PETRONET 167.95 5.10 +3.13
TVS MOTOR 144 0.45 -0.31
Indian Indices
Company CMP Change % Chg
NIFTY 7511.45 -29.25 -0.39
SENSEX 25105.51 -96.29 -0.38
Stocks at 52 Week’s Low
Symbol Prev. Close Change %Chg
DAILY REPORT
23rd
JUNE 2014
YOUR MINTVISORY Call us at +91-731-6642300
STOCK RECOMMENDATIONS [FUTURE]
1. ALBK [FUTURE]
ALLAHABAD BANK FUTURE is looking weak on charts, short
build up has been seen, we may see more downside, if it
sustains below 125 levels. We advise selling around 125
levels with strict stop loss 128 for the targets of 122-120
levels.
2. PFC [FUTURE]
PFC FUTURE is looking strong on charts, long build up has
been seen, we may see more upside, if it sustains above
300 levels. We advise buying around 297-300 levels with
strict stop loss 289 for the targets of 305-310 levels.
EQUITY CASH & FUTURE
STOCK RECOMMENDATION [CASH]
1. JK LAKSHMI CEMENT
JK LAKSHMICEMENT channel line breakdown. We advise
selling around 216 level with strict stop loss 220 for the
targets of 212 -208
MACRO NEWS
The government has increased the Railway passenger fare
by 14.2% and freight charges by 6.5% w.e.f. June 25.
Union Power Minister requested Coal India to increase its
supply to power companies.
Stretching its fiscal deficit to the 2.98% limit of the gross
state domestic product, the Odisha govt has doubled the
state's plan outlay Rs 38,810 cr, bringing it closer to its
non-plan outlay in its Budget for 2013-14 with a 33% in-
crease in allocation for agriculture and allied sectors.
World Bank projects 5.5% growth in FY15, 6.3% in FY16,
says India needs fiscal discipline amid Iraq crisis.
No move to raise petrol, diesel prices, government sees
no cause for panic due to turmoil in Iraq.
Rail freight hike may push up steel prices by Rs 600 a
tone.
Banks put Rs 21k-cr NPAs on block in 3 months.
Food Minister has called a second high-level meeting to-
day to discuss ways to bail out the sugar industry that is
unable to pay Rs 11000 cr dues to sugarcane growers.
ONGC Videsh and Turkish Petroleum Corp in pact for ex-
ploration and production activities.
DAILY REPORT
23rd
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 7,500 51.65 4,48,616 53,26,350
NIFTY PE 7,400 25.1 3,16,107 40,86,000
NIFTY PE 7,600 98.4 1,95,547 33,74,050
BANKNIFTY PE 14,500 81 30,006 3,20,025
SBIN PE 2,600 67.05 2,204 1,93,000
INFY PE 3,200 46 1,847 1,56,875
RELIANCE PE 1,060 17.85 1,723 2,98,500
TCS PE 2,200 16.5 1,589 92,625
MOST ACTIVE CALL OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 7,600 52.25 5,03,172 54,03,300
NIFTY CE 7,700 23.35 3,58,340 57,46,950
NIFTY CE 7,500 103.25 1,85,120 46,04,800
BANKNIFTY CE 15,500 112 33,433 3,14,125
SBIN CE 2,600 51.1 5,176 1,99,750
RELIANCE CE 1,100 11.9 4,786 12,95,750
INFY CE 3,300 42 4,574 4,56,125
TCS CE 2,300 35 3,309 1,58,375
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 49087 1856.07 48060 1814.87 374471 14091.79 41.20
INDEX OPTIONS 351858 13237.41 342969 12938.91 1872704 70327.73 298.50
STOCK FUTURES 114910 4212.30 112872 4143.43 1538081 55039.71 68.87
STOCK OPTIONS 66787 2574.12 71450 2775.04 122221 4508.55 -200.92
TOTAL 207.65
INDICES R2 R1 PIVOT S1 S2
NIFTY 7,719.68 7,615.57 7,615.57 7,452.32 7,393.18
BANK NIFTY 15,274.28 15,135.97 15,057.23 14,918.92 14,840.18
STOCKS IN NEWS
IFCI spikes 9%, to sell stake in subsidiary and NSE.
State Bank of Travancore board okays Rs 485cr rights
issue.
Moody's raises stake in ICRA to 50.06% via open offer.
Essar Oil to consider delisting on June 23 from BSE and
NSE.
Diageo may make higher provision for loans given by
United Spirits.
NIFTY FUTURE
Nifty Future closed in red in the last trading session. We
advise selling around 7500 levels with strict stop loss of
7550 for the targets of 7450-7400
DAILY REPORT
23rd
JUNE 2014
YOUR MINTVISORY Call us at +91-731-6642300
COMMODITY MCX
RECOMMENDATIONS
SILVER
TRADING STRATEGY:
BUY SILVER ABOVE 42600 TGT 42850, 43000 SL BELOW
42350
SELL SILVER BELOW 41900 TGT 41450,41700 SL ABOVE
42150
GOLD
TRADING STRATEGY:
BUY GOLD ABOVE 27080 TGT 27160,27300 SL BELOW
26950
SELL GOLD BELOW 26900 TGT 26780,26600 SL ABOVE
27050
COMMODITY ROUNDUP
Silver prices climbed 0.97% to Rs 42,410 per kg in futures
trade yesterday as participants engaged in creating specula-
tive positions on a firming trend in the precious metal over-
seas. At the MCX, silver for delivery in September traded
higher by Rs 408, or 0.97%, to Rs 42,410 per kg in a business
turnover of 72 lots. On similar lines, the metal for delivery
in July traded higher by Rs 375, or 0.90%, to Rs 42,250 per
kg in a turnover of 689 lots.
In the international market, silver added one% to trade at
$19.88 an ounce in Singapore, the highest level since May
14. Market analysts attributed the gains in silver prices at
futures trade to a firming trend overseas as escalating vio-
lence in Iraq boosted demand for the precious metal as a
safe-haven.
Gold futures rose 0.90% to Rs 26,866 per 10 grams as
speculators enlarged positions on positive cues from global
markets. At the MCX the metal for delivery in August gained
Rs 239, or 0.90%, to trade higher at Rs 26,866 per 10 gm in
a turnover of 451 lots. On similar lines, the metal for deliv-
ery in October edged higher by Rs 211, or 0.79%, to Rs
26,895 per 10 gram, clocking a business volume of 12 lots.
The rise in gold prices at futures trade to the precious
metal's sustained upsurge in the global markets as escalat-
ing violence in Iraq spurred demand for the safe-haven.
Globally, gold rose 0.5% to $1,282.98 an ounce in Singa-
pore, the highest level since May 27.
Copper recovered on Monday on the back of decline in the
Indian Rupee. It was interesting to see that the prices of
Copper have been moving forward even as money manag-
ers in International markets kept on slashing the long posi-
tions and simultaneously adding short ones.
Lead futures rose 0.36 per cent to Rs 124.50 per kg today
amid increased demand from battery-makers in the spot
markets. Besides, the metal's strength at the LME, also
pushed the prices. At MCX, lead for delivery in June traded
45 paise, or 0.36 per cent, higher at Rs 124.50 per kg, with a
turnover of 448 lots. July lead was up 40 paise, or 0.32 per
cent, to Rs 125.70 per kg in a business volume of four lots.
Apart from increased demand from battery-makers at spot
markets, strength in base metals at the London Metal Ex-
change, mainly influenced lead prices at futures trade.
DAILY REPORT
23rd
JUNE 2014
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
DHANIYA
BUY DHANIYA JUL ABOVE 10550 TGTS 10580,10630 SL
10500
SELL DHANIYA JUL BELOW 10430 TGTS 10400,10350 SL
10480
GUARSEED
BUY GUARSEED JUL ABOVE 5200 TGTS 5230,5280 SL 5150
SELL GUARSEED JUL BELOW 5125 TGTS 5095,5045 SL 5175
NCDEX
NCDEX INDICES
Index Value % Change
Castor Seed 4145 -0.29
Chana 2700 -1.89
Coriander 10290 +2.63
Cotton Seed Oilcake 1560 +0.06
Guarseed 4935 -2.95
Jeera 10750 -0.42
Mustard seed 3648 -0.92
Soy Bean 4128 -0.15
Sugar M Grade 3030 -2.04
Turmeric 6020 -2.78
NCDEX ROUNDUP
India's tea production in April this year fell by 24.48% to
56.77 million kg due to lower output in Assam and other
regions. The production stood at 75.17 million kg in April
2013, according to Tea Board data. The combined produc-
tion of tea in the southern states of Tamil Nadu, Kerala and
Karnataka decreased by 18.41% to 16.53 million kg from
20.26 million kg in the year-ago period. India's tea produc-
tion in 2013-14 increased by 6.19% to 1,205.40 million kg
from 1,135.07 million kg in 2012-13, according to Tea Board
of India. India is the world's second-largest producer and
biggest consumer of tea.
Jeera futures recovered from the previous losses on short
covering. The NCDEX Jeera for the July delivery settled the
day at Rs 10,925, up Rs 95 or 0.88%. Jeera futures managed
to close with gains on Friday with prices facing resistance
near Rs 10,945 level lead by short covering. The counter
closed with moderate gains at Rs 10,925, up Rs 95 or 0.88%
and the open interest pared 297 tonnes to 7,260 tonnes,
indicating short covering.
The Sea Food Exporters Association of India (SEAI)-Odisha
region has sought at an investment of Rs 1,000 crore for the
infrastructure development in the seafood sector.
DAILY REPORT
23rd
JUNE 2014
YOUR MINTVISORY Call us at +91-731-6642300
EUR/INR
SELL EUR/INR BELOW 81.75 TGTS 81.60, 81.45 SL 81.96.
BUY EUR/INR ABOVE 82.32 TGTS 82.47, 82.62 SL 82.11.
JPY/INR
SELL JPY/INR BELOW 58.91 TGTS 58.76, 58.61 SL 59.12.
BUY JPY/INR ABOVE 59.41 TGTS 59.56, 59.71 SL 59.20.
CURRENCY ROUNDUP
The Indian rupee ended weak on Friday, posting losses for a
fourth straight week as high global oil prices posed a risk to
the country's current account and inflation. On the week,
Indian rupee lost 0.7 percent to the dollar, and was the sec-
ond-most weak currency in Asia after the Indonesian
rupiah, which ended down 1.5 percent on the week.
The partially convertible rupee ended at 60.1850/1950 per
dollar versus its previous close of 60.08/09. In the offshore
non-deliverable forwards, the one-month contract was at
60.49, while the three-month was at 61.07.
The dollar was little changed against the other major cur-
rencies in quiet trade on Friday, as demand for the green-
back remained under pressure after the Federal Reserve
said interest rates would remain low for some time. The
dollar was steady against the euro, with EUR/USD up 0.01%
to 1.3609.
The dollar remained under pressure after the Fed gave no
indication of when interest rates could start to rise at the
conclusion of its two-day meeting on Wednesday. In addi-
tion, the Fed's forecast of where interest rates might reach
in the long term fell from 4% to 3.75%. The central bank cut
its bond purchases by $10 billion a month, to $35 billion,
saying there was "sufficient underlying strength" in the U.S.
economy to continue tapering.
The pound edged up against the dollar, to trade near five-
year highs with GBP/USD slipping 0.10% to 1.7058.
The dollar was little changed against the yen and the Swiss
franc, with USD/JPY inching 0.04% higher to 101.99 and
with USD/CHF easing up 0.03% to 0.8942. The greenback
was steady to higher against the Australian, New Zealand
and Canadian dollars, with AUD/USD down 0.01% to 0.9397,
NZD/USD slipping 0.13% to 0.8705 and USD/CAD adding
0.04% to 1.0823. The US Dollar Index, which tracks the per-
formance of the greenback versus a basket of six other ma-
jor currencies, was down 0.01% to 80.39, not far from lows
of 80.24, the weakest level since May 27.
CURRENCY
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 60.2785 Yen-100 59.1700
Euro 82.1200 GBP 102.7688
DAILY REPORT
23rd
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
20/06/14 MCX GOLD AUG. BUY 27900 28100-28350 27800 NOT EXECUTED
20/06/14 MCX GOLD AUG. SELL 27500 27400-27250 27600 SL TRIGGERD
20/06/14 MCX SILVER JULY BUY 44750 4500-45350 44500
NO PROFIT NO
LOSS
20/06/14 MCX SILVER JULY SELL 43900 43700-43450 44100 NOT EXECUTED
20/06/14 NCDEX GUARSEED JULY BUY 5250 5280-5330 5200 NOT EXECUTED
20/06/14 NCDEX GUARSEED JULY SELL 5185 5155-5105 5235
BOOKED FULL
PROFIT
20/06/14 NCDEX DHANIYA JUNE BUY 10470 10500-10550 10420 NOT EXECUTED
20/06/14 NCDEX DHANIYA JUNE SELL 10365 10335-10285 10415
BOOKED FULL
PROFIT
20/06/14 JPY/INR JUNE BUY 59.33 59.48-59.63 59.12 SL TRIGGEERD
20/06/14 JPY/INR JUNE SELL 58.95 58.80-58.65 59.16 NOT EXECUTED
20/06/14 GBP/INR JUNE SELL 102.97 101.82-101.67 102.18
BOOKED FULL
PROFIT
20/06/14 GBP/INR JUNE BUY 102.45 102.60-102.75 102.24 NOT EXECUTED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
20/06/14 NIFTY FUTURE SELL 7500 7450-7400 7550 NOT EXECUTED
20/06/14 ASINPAINT FUTURE BUY 560-565 575-590 545 CALL OPEN
20/06/14 JP ASSOCIAT FUTURE SELL 75 70-68 78 CALL OPEN
20/06/14 SONATASOFT CASH BUY 77 79-81 75 SL TRIGGEERD
17/06/14 RELIANCE CAPITAL FUTURE BUY 620-625 640-655 600 CALL OPEN
17/06/14 PFC FUTURE BUY 295-300 305-310 288 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
23rd
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-
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Disclaimer
TIME (ET) REPORT PERIOD ACTUAL
CONSENSUS
FORECAST
PREVIOUS
MONDAY, JUNE 23
8:30 AM CHICAGO FED NATIONAL ACTIVITY INDEX MAY -- 0.19
9:45 AM MARKIT FLASH PMI JUNE -- 56.4
10 AM EXISTING HOME SALES MAY 4.70 MLN 4.65 MLN
TUESDAY, JUNE 24
9 AM CASE-SHILLER HOME PRICES APRIL --
9 AM FHFA HOME PRICES APRIL --
10 AM CONSUMER CONFIDENCE INDEX JUNE 83.3 83.0
10 AM NEW HOME SALES MAY 440,000 433,000
WEDNESDAY, JUNE 25
8:30 AM GDP REVISION 1Q -2.0% -1.0%
8:30 AM DURABLE GOODS ORDERS MAY -1.1% 0.6%
THURSDAY, JUNE 26
8:30 A.M. WEEKLY JOBLESS CLAIMS 6/21 N/A N/A
FRIDAY, JUNE 27
8:30 AM PERSONAL INCOME MAY 0.3% 0.3%
8:30 AM CONSUMER SPENDING MAY 0.4% -0.1%
9:55 AM CONSUMER SENTIMENT INDEX JUNE 82.0 81.2

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Stock market special report by epic research 23rd june 2014

  • 1. DAILY REPORT 23rd JUNE 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance The FTSEurofirst 300 climbed to a 6-1/2-year high on Fri- day and recorded its 10th straight week of gains, with ana- lysts saying that expectations of a pick-up in merger and acquisition activity will further boost sentiment. The mar- ket was underpinned by a 1 percent rise in the European healthcare index, making it the best-performing sector. Asian stocks and the Australian dollar rose on Monday as upbeat news from China's factory sector and fresh highs on Wall Street fueled appetite for riskier assets, MSCI's broadest index of Asia-Pacific shares outside Japan. MIAP- J0000PUS gained 0.7% by mid-morning. Tokyo's Nik- kei .N225 rose 0.4%, shaking off early weakness. Wall Street Update U.S. stocks rose on Friday, driving the Dow and the S&P 500 to close at record highs as the shares of 330 compa- nies hit 52-week highs on the New York Stock Exchange. The S&P 500 scored its third record closing high in a row while the Dow surpassed its previous record close on June 10. The blue-chip index hit an all-time intraday high at 16,978.02, coming close to the 17,000 mark. The Dow Jones industrial average rose 25.62 points or 0.15 percent, to end at 16,947.08. The S&P 500 gained 3.39 points or 0.17 percent, to 1,962.87. The Nasdaq Com- posite added 8.71 points or 0.20 percent, to 4,368.04. Previous day Roundup Benchmark as well as broader indices extended fall in late trade Friday, continuing downtrend for the third consecu- tive session but the 50-share NSE Nifty managed to hold the 7500 level. The index lost 29.25 points to 7511.45 and the 30-share BSE Sensex slipped 96.29 points to 25105.51 while the BSE Midcap and Smallcap indices were down 0.4 percent and 0.7%, respectively. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 285.04pts], Capital Goods [down 131.45pts], PSU [down 73.43pts], FMCG [down 1.51pts], Realty [up 10.34pts], Power [down 17.35pts], Auto [down 137.26pts], Health- care [up 103.27pts], IT [up 3.31ts], Metals [down 84.40pts], TECK [up p3.06ts], Oil& Gas [down 50.98pts]. World Indices Index Value % Change D J l 16947.08 +0.15 S&P 500 1962.87 +0.17 NASDAQ 4368.04 +0.20 EURO STO 3302.36 -0.38 FTSE 100 6825.20 +0.25 Nikkei 225 15349.42 -0.09 Hong Kong 23194.06 +0.11 Top Gainers Company CMP Change % Chg MCDOWELL-N 2695.00 93.80 +3.61 CAIRN 371.75 4.85 +1.32 AXISBANK 1865.05 23.25 +1.26 KOTAKBANK 935.00 11.35 +1.23 DLF 209.30 2.20 +1.06 Top Losers Company CMP Change % Chg M&M 1140.05 36.05 -3.07 TATAPOWER 101.15 2.80 -2.69 HINDALCO 163.5 4.25 -2.53 BPCL 550.4 14.05 -2.49 SUNPHARMA 630 12.55 -1.95 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg ASIANPAINT 567.10 0.90 -0.16 COLPAL 1555 21.05 -1.34 JINDALPHOT 184.5 3.35 +1.85 PETRONET 167.95 5.10 +3.13 TVS MOTOR 144 0.45 -0.31 Indian Indices Company CMP Change % Chg NIFTY 7511.45 -29.25 -0.39 SENSEX 25105.51 -96.29 -0.38 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg
  • 2. DAILY REPORT 23rd JUNE 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. ALBK [FUTURE] ALLAHABAD BANK FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it sustains below 125 levels. We advise selling around 125 levels with strict stop loss 128 for the targets of 122-120 levels. 2. PFC [FUTURE] PFC FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 300 levels. We advise buying around 297-300 levels with strict stop loss 289 for the targets of 305-310 levels. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. JK LAKSHMI CEMENT JK LAKSHMICEMENT channel line breakdown. We advise selling around 216 level with strict stop loss 220 for the targets of 212 -208 MACRO NEWS The government has increased the Railway passenger fare by 14.2% and freight charges by 6.5% w.e.f. June 25. Union Power Minister requested Coal India to increase its supply to power companies. Stretching its fiscal deficit to the 2.98% limit of the gross state domestic product, the Odisha govt has doubled the state's plan outlay Rs 38,810 cr, bringing it closer to its non-plan outlay in its Budget for 2013-14 with a 33% in- crease in allocation for agriculture and allied sectors. World Bank projects 5.5% growth in FY15, 6.3% in FY16, says India needs fiscal discipline amid Iraq crisis. No move to raise petrol, diesel prices, government sees no cause for panic due to turmoil in Iraq. Rail freight hike may push up steel prices by Rs 600 a tone. Banks put Rs 21k-cr NPAs on block in 3 months. Food Minister has called a second high-level meeting to- day to discuss ways to bail out the sugar industry that is unable to pay Rs 11000 cr dues to sugarcane growers. ONGC Videsh and Turkish Petroleum Corp in pact for ex- ploration and production activities.
  • 3. DAILY REPORT 23rd 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 7,500 51.65 4,48,616 53,26,350 NIFTY PE 7,400 25.1 3,16,107 40,86,000 NIFTY PE 7,600 98.4 1,95,547 33,74,050 BANKNIFTY PE 14,500 81 30,006 3,20,025 SBIN PE 2,600 67.05 2,204 1,93,000 INFY PE 3,200 46 1,847 1,56,875 RELIANCE PE 1,060 17.85 1,723 2,98,500 TCS PE 2,200 16.5 1,589 92,625 MOST ACTIVE CALL OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 7,600 52.25 5,03,172 54,03,300 NIFTY CE 7,700 23.35 3,58,340 57,46,950 NIFTY CE 7,500 103.25 1,85,120 46,04,800 BANKNIFTY CE 15,500 112 33,433 3,14,125 SBIN CE 2,600 51.1 5,176 1,99,750 RELIANCE CE 1,100 11.9 4,786 12,95,750 INFY CE 3,300 42 4,574 4,56,125 TCS CE 2,300 35 3,309 1,58,375 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 49087 1856.07 48060 1814.87 374471 14091.79 41.20 INDEX OPTIONS 351858 13237.41 342969 12938.91 1872704 70327.73 298.50 STOCK FUTURES 114910 4212.30 112872 4143.43 1538081 55039.71 68.87 STOCK OPTIONS 66787 2574.12 71450 2775.04 122221 4508.55 -200.92 TOTAL 207.65 INDICES R2 R1 PIVOT S1 S2 NIFTY 7,719.68 7,615.57 7,615.57 7,452.32 7,393.18 BANK NIFTY 15,274.28 15,135.97 15,057.23 14,918.92 14,840.18 STOCKS IN NEWS IFCI spikes 9%, to sell stake in subsidiary and NSE. State Bank of Travancore board okays Rs 485cr rights issue. Moody's raises stake in ICRA to 50.06% via open offer. Essar Oil to consider delisting on June 23 from BSE and NSE. Diageo may make higher provision for loans given by United Spirits. NIFTY FUTURE Nifty Future closed in red in the last trading session. We advise selling around 7500 levels with strict stop loss of 7550 for the targets of 7450-7400
  • 4. DAILY REPORT 23rd JUNE 2014 YOUR MINTVISORY Call us at +91-731-6642300 COMMODITY MCX RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER ABOVE 42600 TGT 42850, 43000 SL BELOW 42350 SELL SILVER BELOW 41900 TGT 41450,41700 SL ABOVE 42150 GOLD TRADING STRATEGY: BUY GOLD ABOVE 27080 TGT 27160,27300 SL BELOW 26950 SELL GOLD BELOW 26900 TGT 26780,26600 SL ABOVE 27050 COMMODITY ROUNDUP Silver prices climbed 0.97% to Rs 42,410 per kg in futures trade yesterday as participants engaged in creating specula- tive positions on a firming trend in the precious metal over- seas. At the MCX, silver for delivery in September traded higher by Rs 408, or 0.97%, to Rs 42,410 per kg in a business turnover of 72 lots. On similar lines, the metal for delivery in July traded higher by Rs 375, or 0.90%, to Rs 42,250 per kg in a turnover of 689 lots. In the international market, silver added one% to trade at $19.88 an ounce in Singapore, the highest level since May 14. Market analysts attributed the gains in silver prices at futures trade to a firming trend overseas as escalating vio- lence in Iraq boosted demand for the precious metal as a safe-haven. Gold futures rose 0.90% to Rs 26,866 per 10 grams as speculators enlarged positions on positive cues from global markets. At the MCX the metal for delivery in August gained Rs 239, or 0.90%, to trade higher at Rs 26,866 per 10 gm in a turnover of 451 lots. On similar lines, the metal for deliv- ery in October edged higher by Rs 211, or 0.79%, to Rs 26,895 per 10 gram, clocking a business volume of 12 lots. The rise in gold prices at futures trade to the precious metal's sustained upsurge in the global markets as escalat- ing violence in Iraq spurred demand for the safe-haven. Globally, gold rose 0.5% to $1,282.98 an ounce in Singa- pore, the highest level since May 27. Copper recovered on Monday on the back of decline in the Indian Rupee. It was interesting to see that the prices of Copper have been moving forward even as money manag- ers in International markets kept on slashing the long posi- tions and simultaneously adding short ones. Lead futures rose 0.36 per cent to Rs 124.50 per kg today amid increased demand from battery-makers in the spot markets. Besides, the metal's strength at the LME, also pushed the prices. At MCX, lead for delivery in June traded 45 paise, or 0.36 per cent, higher at Rs 124.50 per kg, with a turnover of 448 lots. July lead was up 40 paise, or 0.32 per cent, to Rs 125.70 per kg in a business volume of four lots. Apart from increased demand from battery-makers at spot markets, strength in base metals at the London Metal Ex- change, mainly influenced lead prices at futures trade.
  • 5. DAILY REPORT 23rd JUNE 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS DHANIYA BUY DHANIYA JUL ABOVE 10550 TGTS 10580,10630 SL 10500 SELL DHANIYA JUL BELOW 10430 TGTS 10400,10350 SL 10480 GUARSEED BUY GUARSEED JUL ABOVE 5200 TGTS 5230,5280 SL 5150 SELL GUARSEED JUL BELOW 5125 TGTS 5095,5045 SL 5175 NCDEX NCDEX INDICES Index Value % Change Castor Seed 4145 -0.29 Chana 2700 -1.89 Coriander 10290 +2.63 Cotton Seed Oilcake 1560 +0.06 Guarseed 4935 -2.95 Jeera 10750 -0.42 Mustard seed 3648 -0.92 Soy Bean 4128 -0.15 Sugar M Grade 3030 -2.04 Turmeric 6020 -2.78 NCDEX ROUNDUP India's tea production in April this year fell by 24.48% to 56.77 million kg due to lower output in Assam and other regions. The production stood at 75.17 million kg in April 2013, according to Tea Board data. The combined produc- tion of tea in the southern states of Tamil Nadu, Kerala and Karnataka decreased by 18.41% to 16.53 million kg from 20.26 million kg in the year-ago period. India's tea produc- tion in 2013-14 increased by 6.19% to 1,205.40 million kg from 1,135.07 million kg in 2012-13, according to Tea Board of India. India is the world's second-largest producer and biggest consumer of tea. Jeera futures recovered from the previous losses on short covering. The NCDEX Jeera for the July delivery settled the day at Rs 10,925, up Rs 95 or 0.88%. Jeera futures managed to close with gains on Friday with prices facing resistance near Rs 10,945 level lead by short covering. The counter closed with moderate gains at Rs 10,925, up Rs 95 or 0.88% and the open interest pared 297 tonnes to 7,260 tonnes, indicating short covering. The Sea Food Exporters Association of India (SEAI)-Odisha region has sought at an investment of Rs 1,000 crore for the infrastructure development in the seafood sector.
  • 6. DAILY REPORT 23rd JUNE 2014 YOUR MINTVISORY Call us at +91-731-6642300 EUR/INR SELL EUR/INR BELOW 81.75 TGTS 81.60, 81.45 SL 81.96. BUY EUR/INR ABOVE 82.32 TGTS 82.47, 82.62 SL 82.11. JPY/INR SELL JPY/INR BELOW 58.91 TGTS 58.76, 58.61 SL 59.12. BUY JPY/INR ABOVE 59.41 TGTS 59.56, 59.71 SL 59.20. CURRENCY ROUNDUP The Indian rupee ended weak on Friday, posting losses for a fourth straight week as high global oil prices posed a risk to the country's current account and inflation. On the week, Indian rupee lost 0.7 percent to the dollar, and was the sec- ond-most weak currency in Asia after the Indonesian rupiah, which ended down 1.5 percent on the week. The partially convertible rupee ended at 60.1850/1950 per dollar versus its previous close of 60.08/09. In the offshore non-deliverable forwards, the one-month contract was at 60.49, while the three-month was at 61.07. The dollar was little changed against the other major cur- rencies in quiet trade on Friday, as demand for the green- back remained under pressure after the Federal Reserve said interest rates would remain low for some time. The dollar was steady against the euro, with EUR/USD up 0.01% to 1.3609. The dollar remained under pressure after the Fed gave no indication of when interest rates could start to rise at the conclusion of its two-day meeting on Wednesday. In addi- tion, the Fed's forecast of where interest rates might reach in the long term fell from 4% to 3.75%. The central bank cut its bond purchases by $10 billion a month, to $35 billion, saying there was "sufficient underlying strength" in the U.S. economy to continue tapering. The pound edged up against the dollar, to trade near five- year highs with GBP/USD slipping 0.10% to 1.7058. The dollar was little changed against the yen and the Swiss franc, with USD/JPY inching 0.04% higher to 101.99 and with USD/CHF easing up 0.03% to 0.8942. The greenback was steady to higher against the Australian, New Zealand and Canadian dollars, with AUD/USD down 0.01% to 0.9397, NZD/USD slipping 0.13% to 0.8705 and USD/CAD adding 0.04% to 1.0823. The US Dollar Index, which tracks the per- formance of the greenback versus a basket of six other ma- jor currencies, was down 0.01% to 80.39, not far from lows of 80.24, the weakest level since May 27. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 60.2785 Yen-100 59.1700 Euro 82.1200 GBP 102.7688
  • 7. DAILY REPORT 23rd 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 20/06/14 MCX GOLD AUG. BUY 27900 28100-28350 27800 NOT EXECUTED 20/06/14 MCX GOLD AUG. SELL 27500 27400-27250 27600 SL TRIGGERD 20/06/14 MCX SILVER JULY BUY 44750 4500-45350 44500 NO PROFIT NO LOSS 20/06/14 MCX SILVER JULY SELL 43900 43700-43450 44100 NOT EXECUTED 20/06/14 NCDEX GUARSEED JULY BUY 5250 5280-5330 5200 NOT EXECUTED 20/06/14 NCDEX GUARSEED JULY SELL 5185 5155-5105 5235 BOOKED FULL PROFIT 20/06/14 NCDEX DHANIYA JUNE BUY 10470 10500-10550 10420 NOT EXECUTED 20/06/14 NCDEX DHANIYA JUNE SELL 10365 10335-10285 10415 BOOKED FULL PROFIT 20/06/14 JPY/INR JUNE BUY 59.33 59.48-59.63 59.12 SL TRIGGEERD 20/06/14 JPY/INR JUNE SELL 58.95 58.80-58.65 59.16 NOT EXECUTED 20/06/14 GBP/INR JUNE SELL 102.97 101.82-101.67 102.18 BOOKED FULL PROFIT 20/06/14 GBP/INR JUNE BUY 102.45 102.60-102.75 102.24 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 20/06/14 NIFTY FUTURE SELL 7500 7450-7400 7550 NOT EXECUTED 20/06/14 ASINPAINT FUTURE BUY 560-565 575-590 545 CALL OPEN 20/06/14 JP ASSOCIAT FUTURE SELL 75 70-68 78 CALL OPEN 20/06/14 SONATASOFT CASH BUY 77 79-81 75 SL TRIGGEERD 17/06/14 RELIANCE CAPITAL FUTURE BUY 620-625 640-655 600 CALL OPEN 17/06/14 PFC FUTURE BUY 295-300 305-310 288 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 23rd 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 23 8:30 AM CHICAGO FED NATIONAL ACTIVITY INDEX MAY -- 0.19 9:45 AM MARKIT FLASH PMI JUNE -- 56.4 10 AM EXISTING HOME SALES MAY 4.70 MLN 4.65 MLN TUESDAY, JUNE 24 9 AM CASE-SHILLER HOME PRICES APRIL -- 9 AM FHFA HOME PRICES APRIL -- 10 AM CONSUMER CONFIDENCE INDEX JUNE 83.3 83.0 10 AM NEW HOME SALES MAY 440,000 433,000 WEDNESDAY, JUNE 25 8:30 AM GDP REVISION 1Q -2.0% -1.0% 8:30 AM DURABLE GOODS ORDERS MAY -1.1% 0.6% THURSDAY, JUNE 26 8:30 A.M. WEEKLY JOBLESS CLAIMS 6/21 N/A N/A FRIDAY, JUNE 27 8:30 AM PERSONAL INCOME MAY 0.3% 0.3% 8:30 AM CONSUMER SPENDING MAY 0.4% -0.1% 9:55 AM CONSUMER SENTIMENT INDEX JUNE 82.0 81.2