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DAILY REPORT
17th
JULY 2014
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance
European shares gained in early deals on Wednesday,
buoyed by strength in miners after Chinese growth
slightly beat expectations, hinting at resilient demand in
the world's largest metals consumer. The STOXX Europe
600 Basic Resources index rose 0.6 percent. The pan-
European FTSEurofirst 300 rose 0.4 percent to 1,363.63,
recouping the previous session's losses.
Asian equities gained on Thursday, lifted by another re-
cord-high close on Wall Street, while the euro probed
recent lows against the dollar amid speculation the U.S.
Federal Reserve is tilting toward tighter monetary policy
in light of a stronger economy. MSCI's broadest index of
Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.2
percent. Tokyo's Nikkei gained 0.3 percent, helped by a
weaker yen.
Wall Street Update
US stocks rose on Wednesday, with the Dow Jones indus-
trial average closing at a record high, boosted by the lat-
est merger news and some strong corporate earnings.
The Dow Jones industrial average rose 77.52 points or
0.45 percent, to end at 17,138.20. The S&P 500 gained
8.29 points or 0.42 percent, to 1,981.57. The Nasdaq
Composite added 9.58 points or 0.22 percent, to
4,425.97.
The S&P 500 technology index rose 1 percent and ranked
among the day's best-performing sectors in the S&P 500.
Previous day Roundup
The market managed to hold hefty gains supported by
financials. The Sensex was up 321.07 points or 1.27 per-
cent at 25549.72 and the Nifty gained 97.75 points or 1.3
percent to end at 7624.40. About 1977 shares advanced,
970 shares declined, and 99 shares were unchanged.
Overseas investors bought Indian shares worth 6.21 bil-
lion rupees ($103.47 million) on Wednesday, provisional
exchange data shows.
Index stats
The Market was very volatile in last session. The sartorial
indices performed as follow; Consumer Durables [up
12.89pts], Capital Goods [up 233.45pts], PSU [up
70.53pts], FMCG [up 33.55pts], Realty [up 82.61pts],
Power [up 27.67pts], Auto [up 222.85pts], Healthcare [up
88.37pts], IT [up 16.95Pts], Metals [up 280.32pts], TECK
[up 23.57 pts], Oil& Gas [up 132.05pts].
World Indices
Index Value % Change
D J l 17138.20 +0.45
S&P 500 1981.57 +0.42
NASDAQ 4425.97 +0.22
EURO STO 3202.94 +1.56
FTSE 100 6784.67 +1.11
Nikkei 225 15411.75 +0.21
Hong Kong 23537.97 +0.06
Top Gainers
Company CMP Change % Chg
IDFC 163.40 13.40 8.93
DLF 226.15 13.05 6.12
ICICIBANK 1,465.00 70.40 5.05
HINDALCO 182.90 8.20 4.69
AXISBANK 1,975.00 76.10 4.01
Top Losers
Company CMP Change % Chg
BAJAJ-AUTO 2,137.25 18.50 -0.86
ASIANPAINT 580.00 2.50 -0.43
HDFC 976.40 1.15 -0.12
ULTRACEMCO 2,517.00 2.30 -0.09
GAIL 460.00 0.20 -0.04
Stocks at 52 Week’s high
Symbol Prev. Close Change %Chg
ADANIPPORTS 285 22.05 +8.39
BAJAJFINSV 944.30 18.90 +2.04
RANBAXY 557.65 1.40 +0.25
RSSOFTWARE 389.40 50.60 +14.94
ZEEL 300.90 5.10 +1.72
Indian Indices
Company CMP Change % Chg
NIFTY 7624.40 +97.75 +1.30
SENSEX 25549.72 +321.07 +1.27
Stocks at 52 Week’s Low
Symbol Prev. Close Change %Chg
DAILY REPORT
17th
JULY 2014
YOUR MINTVISORY Call us at +91-731-6642300
STOCK RECOMMENDATIONS [FUTURE]
1. SSLT FUTURE
SSLT 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 of 292 for the targets of 308-315 levels.
2. ADANI PORTS FUTURE
ADANI PORTS FUTURE looking strong on charts, long build
up has been seen, we may see more upside, if it sustains
above 285 levels. We advise buying around 282-285 levels
with strict stop loss of 276 for the targets of 290-295 lev-
els.
EQUITY CASH & FUTURE
STOCK RECOMMENDATION [CASH]
1. ASTRA MICROWARE
ASTRA MICROWAVE strong on daily chart. We advise buying
around 140 level with strict stop loss 137.50 for the targets
of 142.50-145
MACRO NEWS
Federal Bank reported strong earnings with Q1 (April-
June) net profit surging 108 percent to Rs 220.2 crore
compared to Rs 105.7 crore in same quarter last year,
aided by sharp fall in provisions and improvement in asset
quality performance despite fall in other income.
The June trade deficit touched 11-month high to USD
11.76 bn against USD 11.23 bn MoM and USD 11.28 bn Y-
o-Y. Even though the exports rose 10.2% to USD 26.48 bn
YoY, it declined from USD 28bn MoM. Even the imports
which grew 8.3% to USD 38.24 bn Y-o-Y, dipped margin-
ally from USD 39.23bn MoM.
Kotak M. Bank reported stable earnings with consolidated
net profit rising 11.3% YoY to Rs 698.3cr on account of
lower provisions and higher other income but higher op-
erating expenses limited profitability.
The govt is going ahead with the proposal to split the post
of chairman and managing director in PSU banks as part
of a top-deck restructuring.
Losses on diesel sales fall to Rs 2.49 per litre. Cost of die-
sel production had more than doubled to Rs 3.40 a litre in
the first half of July as violence in Iraq spooked interna-
tional oil markets.
DAILY REPORT
17th
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 7,500 29.75 5,09,770 60,77,150
NIFTY PE 7,400 14.75 3,33,282 49,78,250
NIFTY PE 7,300 7.7 2,53,478 46,87,100
BANKNIFTY PE 14,500 45 31,303 4,07,600
SBIN PE 2,500 26 4,932 2,28,375
IDFC PE 150 1.7 3,948 22,04,000
ICICIBANK PE 1,400 10 2,654 3,30,750
RELIANCE PE 980 13.85 1,724 3,37,250
MOST ACTIVE CALL OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 7,600 114 4,88,330 47,22,500
NIFTY CE 7,700 60.2 4,41,057 43,73,100
NIFTY CE 7,800 27.75 3,01,561 47,80,000
BANKNIFTY CE 15,500 198.95 43,976 4,39,325
IDFC CE 160 6.4 8,601 22,80,000
SBIN CE 2,600 50.2 8,086 3,65,250
RELIANCE CE 1,000 18.5 5,855 10,57,250
ICICIBANK CE 1,500 19 4,263 5,83,750
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 59912 2273.36 60542 2298.09 344604 13168.86 -24.74
INDEX OPTIONS 419586 15713.78 387602 14475.90 1714263 65356.33 1237.87
STOCK FUTURES 99262 3630.80 79421 2889.74 1543199 55919.19 741.06
STOCK OPTIONS 66918 2494.08 66991 2496.24 114490 4277.30 -2.16
TOTAL 1952.04
INDICES R2 R1 PIVOT S1 S2
NIFTY 7,706.63 7,665.52 7,598.98 7,557.87 7,491.33
BANK NIFTY 15,483.92 15,374.68 15,190.57 15,081.33 14,897.22
STOCKS IN NEWS
Results today: TCS , Bajaj Auto , Reliance Industrial In-
frastructure , Mindtree , Gruh Finance , Sasken Com-
munications , Agro Tech Foods.
Adani Ports has received environment and coastal
regulation zone approvals for Mundra SEZ.
Ashok Leyland introduces 2015 models in Saudi Arabia.
M&M: 1.8 cr shares to be sold in open market today.
Adani Enterprises -Board to meet on August 9 to mull
borrowing up to Rs 2,500 crore.
NIFTY FUTURE
Nifty Future closed upside in the last trading session. We
advise buying around 7680 level with strict stop loss of
7630 for the targets of 7730-7780
DAILY REPORT
17th
JULY 2014
YOUR MINTVISORY Call us at +91-731-6642300
COMMODITY MCX
RECOMMENDATIONS
SILVER
TRADING STRATEGY:
BUY SILVER SEP ABOVE 44800 TGTS 45000,45300 SL 44500
SELL SILVER SEP BELOW 44400 TGTS 44200,43900 SL 44700
GOLD
TRADING STRATEGY:
BUY GOLD AUG ABOVE 27770 TGTS 27850,27950 SL 27670
SELL GOLD AUG BELOW 27560 TGTS 27480,27380 SL 27660
COMMODITY ROUNDUP
Silver prices fell by 0.41 per cent to Rs 44,672 per kg in fu-
tures trade yesterday largely in tune with a weak trend
overseas amid profit-booking by speculators. At MCX, silver
for delivery in September traded lower by Rs 188, or 0.41%,
to Rs 44,672 per kg in a business turnover of 781 lots. De-
cember silver declined by Rs 182, or 0.40 per cent, to Rs
45,541 per kg in a business volume of 28 lots. In the inter-
national market, silver traded 0.89% lower at $20.72 an
ounce in New York in yesterday's trade. Apart from profit-
booking by participants, a weak trend in global markets as
the outlook for higher borrowing costs in the US strength-
ened the dollar and damped demand for an alternative in-
vestment, led to the fall in silver prices at futures trade.
U.S. crude oil extended gains after rising more than $1 the
previous day after government data showed a sharp fall in
U.S. crude stocks last week. U.S. crude CLc1 was up 0.3 per-
cent at $101.53 a barrel.
Aluminium held steady after touching a 16-month high on
Wednesday in light of upbeat data from top consumer
China amid producer cutbacks and eroding inventories.
Benchmark three-month aluminium CMAL3 on the London
Metal Exchange was up 0.1 percent at $1,971 a tonne after
surging to $1,993 on Wednesday, the highest since March
2013.
Shanghai copper fell to its lowest in a fortnight as jitters
over a possible bond default in China's construction sector
triggered a round of profit taking. The most-traded Septem-
ber copper contract on the Shanghai Futures Exchange
SCFcv1 slid 1 percent to 50,050 yuan ($8,100)a tonne in
overnight trade.
Lead futures rose marginally by 0.08% to Rs 132.25 per kg
yesterday as participants enlarged positions amidst rising
demand from battery-makers in the domestic spot market.
At MCX, lead for delivery in July traded higher by 10 paise,
or 0.08%, to Rs 132.25 per kg, with a turnover of 432 lots.
The metal for delivery in August gained five paise, or 0.04%,
to Rs 133.35 per kg in a business volume of 15 lots. Apart
from domestic demand, particularly from battery-makers,
the metal's gain at LME, influenced lead prices at futures
trade.
DAILY REPORT
17th
JULY 2014
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
DHANIYA
BUY DHANIYA AUG ABOVE 12075 TGTS 12105,12155 SL
12025
SELL DHANIYA AUG BELOW 11985 TGTS 11955,11905 SL
12035
GUARSEED
BUY GUARSEED AUG ABOVE 5670 TGTS 5700,5750 SL 5620
SELL GUARSEED AUG BELOW 5590 TGTS 5560,5510 SL 5640
NCDEX
NCDEX INDICES
Index Value % Change
Castor Seed 4106 -3.00
Chana 2772 -0.79
Coriander 11445 +1.26
Cotton Seed Oilcake 1695 -0.94
Guarseed 5535 -0.09
Jeera 11470 -0.04
Mustard seed 3574 +0.11
Soy Bean 3968 +0.18
Sugar M Grade 3007 +0.03
Turmeric 6228 -1.80
NCDEX ROUNDUP
With rising import of vegetable oils, tax evasion and other
malpractices have also increased. Now trade circles reveal
huge tax evasion by importers of the oils which is going un-
caught. As per the estimates, in last six months Rs.150 crore
of value added tax was evaded by giving wrong declaration
in imports only on JNPT port in Mumbai.
Crude palm oil prices were up by 0.82% to Rs 524.40 per 10
kg in futures market yesterday as speculators enlarged their
positions, driven by rising demand in the spot markets. At
MCX, crude palm oil for delivery in July moved up by Rs
4.30, or 0.82%, to Rs 524.40 per 10 kg in business turnover
of 153 lots. Similarly, the oil for delivery in August edged up
by Rs 4, or 0.78%, to Rs 515.50 per 10 kg in 117 lots. Fresh
positions created by speculators following rising demand in
the spot markets, mainly influenced crude palm oil prices at
futures trade.
Cardamom prices rose by Rs 6.20 to Rs 923.40 per kg in fu-
tures trade yesterday as speculators created fresh positions,
supported by rising demand in the spot markets. At MCX,
cardamom for delivery in August rose Rs 6.20, or 0.67%, to
Rs 923.40 per kg in business turnover of 140 lots. Similarly,
the spice for delivery in Sept. traded higher by Rs 4.50, or
0.45%, to Rs 904 per kg in 20 lots. Fresh positions created
by speculators following pick up in demand in the spot mar-
kets against restricted arrivals from producing regions
mainly led to the rise in cardamom prices at futures trade.
DAILY REPORT
17th
JULY 2014
YOUR MINTVISORY Call us at +91-731-6642300
EUR/INR
SELL EUR/INR BELOW 81.44 TGTS 81.29, 81.14 SL 81.64.
BUY EUR/INR ABOVE 81.76 TGTS 81.91, 82.06 SL 81.56.
USD/INR
SELL USD/INR BELOW 60.16 TGTS 60.01, 59.86 SL 60.36.
BUY USD/INR ABOVE 60.45 TGTS 60.61, 60.76 SL 60.25.
CURRENCY ROUNDUP
The Indian rupee ended unchanged on Wednesday as the
dollar strength overseas and greenback buying by state run
banks were offset by gains in local shares. The rupee also
did not move significantly after data showed India's exports
in June rose 10.22 percent from a year earlier, as overall
analysts called the numbers mixed.
The partially convertible rupee ended at 60.12/13 per dol-
lar, unchanged from the Tuesday closing. The rupee contin-
ued to be weighed down by dollar demand from state-run
banks for oil-and defence-related payments and by gains of
the U.S. currency overseas following a comment by Federal
Reserve head Janet Yellen that U.S. rates could rise sooner if
employment continued to improve.
In the offshore non-deliverable forwards, the one-month
contract was at 60.31/41, while the three-month was at
60.82/92.
The dollar was higher against some peers following disap-
pointing economic reports in Europe and comments by Fed-
eral Reserve Chair Janet Yellen before this week that sug-
gested rate hikes may come sooner than expected with the
economy showing signs of a recovery taking hold. The dollar
traded little changed at 101.56 yen JPY= having gained
about 0.4 percent so far this week against the Japanese
unit. The euro EUR= stood at $1.3531, not far from a one-
month low of $1.3520 hit the previous day.
The euro wallowed at five-month lows against the yen on
Thursday and held near a two-year trough on sterling, hav-
ing weakened broadly overnight in a move that should pro-
vide some comfort to the European Central Bank.
U.S. benchmark Treasury yields edged lower on Wednesday,
slipping back from an early boost delivered after data sug-
gesting the world's largest economy is on solid footing.
CURRENCY
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 60.1903 Yen-100 59.1900
Euro 81.6560 GBP 103.1361
DAILY REPORT
17th
JULY 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
16/07/14 MCX GOLD AUG. BUY 27900 27980-28080 27800 NOT EXECUTED
16/07/14 MCX GOLD AUG. SELL 27560 27480-27380 27660 NOT EXECUTED
16/07/14 MCX SILVER SEP. BUY 45250 45450-45750 46100 NOT EXECUTED
16/07/14 MCX SILVER SEP. SELL 44600 44400-44100 44900 BOOKED PROFIT
16/07/14 NCDEX GUARSEED AUG. BUY 5740 5770-5820 5690 NOT EXECUTED
16/07/14 NCDEX GUARSEED AUG. SELL 5645 5615-5565 5695 BOOKED PROFIT
16/07/14 NCDEX DHANIYA AUG. BUY 12000 12030-12080 11950
BOOKED FULL
PROFIT
16/07/14 NCDEX DHANIYA AUG. SELL 11870 11840-11790 11920 NOT EXECUTED
16/07/14 JPY/INR JULY BUY 59.48 59.63-59.78 59.28 NOT EXECUTED
16/07/14 JPY/INR JULY SELL 59.03 58.88-58.73 59.23 NOT EXECUTED
16/07/14 GBP/INR JULY SELL 103.01 102.86-102.71 103.21 NOT EXECUTED
16/07/14 GBP/INR JULY BUY 103.44 103.59-103.74 103.24 SL TRIGGERED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
07/07/14 NIFTY FUTURE BUY 7800 7850-7900 7750 CALL OPEN
07/07/14 TATACOMM FUTURE BUY 405-410 425-435 390 CALL OPEN
07/07/14 RELIANCE FUTURE BUY 1030-1040 1060-1090 1000 CALL OPEN
07/07/14 INDIAN BANK CASH BUY 190 193.5-197 186.5 NOT EXECUTED
04/07/14 NIFTY FUTURE BUY 7775 7825-7875 7725 CALL OPEN
04/07/14 GLENMARK FUTURE BUY 605-610 620-635 590 SL TRIGGERED
04/07/14 SAIL FUTURE SELL 95 92-89 98 CALL OPEN
03/07/14 NIFTY FUTURE BUY 7760 7810-7860 7710 CALL OPEN
01/07/14 IDFC FUTURE BUY 132-135 138-140 128
BOOKED FULL
PROFIT
DAILY REPORT
17th
JULY 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, JULY 14
NONE SCHEDULED
TUESDAY, JULY 15
8:30 AM RETAIL SALES JUNE 0.6% 0.3%
8:30 AM RETAIL SALES EX-AUTOS JUNE 0.6% 0.1%
8:30 AM IMPORT PRICE INDEX JUNE 0.4% 0.1%
8:30 AM EMPIRE STATE INDEX JULY 17.9 19.3
10 AM JANET YELLEN TESTIMONY
10 AM BUSINESS INVENTORIES MAY 0.6% 0.6%
WEDNESDAY, JULY 16
8:30 AM PRODUCER PRICE INDEX JUNE 0.2% -0.2%
9:15 AM INDUSTRIAL PRODUCTION JUNE 0.2% 0.6%
9:15 AM CAPACITY UTILIZATION JUNE 79.2% 79.1%
10 AM JANET YELLEN TESTIMONY
10 AM HOME BUILDERS' INDEX JULY 50 49
2 PM BEIGE BOOK
THURSDAY, JULY 17
8:30 AM WEEKLY JOBLESS CLAIMS 7-12 N/A 304,000
8:30 AM HOUSING STARTS JUNE 1.00 MLN 1.00 MLN
10 AM PHILLY FED JULY 16.5 17.8
FRIDAY, JULY 18
9:55 AM UMICH CONSUMER SENTIMENT JULY 82.7 82.5
10 AM LEADING INDICATORS JUNE -- 0.5%

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Stock market special report by epic research 17th july 2014

  • 1. DAILY REPORT 17th JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance European shares gained in early deals on Wednesday, buoyed by strength in miners after Chinese growth slightly beat expectations, hinting at resilient demand in the world's largest metals consumer. The STOXX Europe 600 Basic Resources index rose 0.6 percent. The pan- European FTSEurofirst 300 rose 0.4 percent to 1,363.63, recouping the previous session's losses. Asian equities gained on Thursday, lifted by another re- cord-high close on Wall Street, while the euro probed recent lows against the dollar amid speculation the U.S. Federal Reserve is tilting toward tighter monetary policy in light of a stronger economy. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.2 percent. Tokyo's Nikkei gained 0.3 percent, helped by a weaker yen. Wall Street Update US stocks rose on Wednesday, with the Dow Jones indus- trial average closing at a record high, boosted by the lat- est merger news and some strong corporate earnings. The Dow Jones industrial average rose 77.52 points or 0.45 percent, to end at 17,138.20. The S&P 500 gained 8.29 points or 0.42 percent, to 1,981.57. The Nasdaq Composite added 9.58 points or 0.22 percent, to 4,425.97. The S&P 500 technology index rose 1 percent and ranked among the day's best-performing sectors in the S&P 500. Previous day Roundup The market managed to hold hefty gains supported by financials. The Sensex was up 321.07 points or 1.27 per- cent at 25549.72 and the Nifty gained 97.75 points or 1.3 percent to end at 7624.40. About 1977 shares advanced, 970 shares declined, and 99 shares were unchanged. Overseas investors bought Indian shares worth 6.21 bil- lion rupees ($103.47 million) on Wednesday, provisional exchange data shows. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 12.89pts], Capital Goods [up 233.45pts], PSU [up 70.53pts], FMCG [up 33.55pts], Realty [up 82.61pts], Power [up 27.67pts], Auto [up 222.85pts], Healthcare [up 88.37pts], IT [up 16.95Pts], Metals [up 280.32pts], TECK [up 23.57 pts], Oil& Gas [up 132.05pts]. World Indices Index Value % Change D J l 17138.20 +0.45 S&P 500 1981.57 +0.42 NASDAQ 4425.97 +0.22 EURO STO 3202.94 +1.56 FTSE 100 6784.67 +1.11 Nikkei 225 15411.75 +0.21 Hong Kong 23537.97 +0.06 Top Gainers Company CMP Change % Chg IDFC 163.40 13.40 8.93 DLF 226.15 13.05 6.12 ICICIBANK 1,465.00 70.40 5.05 HINDALCO 182.90 8.20 4.69 AXISBANK 1,975.00 76.10 4.01 Top Losers Company CMP Change % Chg BAJAJ-AUTO 2,137.25 18.50 -0.86 ASIANPAINT 580.00 2.50 -0.43 HDFC 976.40 1.15 -0.12 ULTRACEMCO 2,517.00 2.30 -0.09 GAIL 460.00 0.20 -0.04 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg ADANIPPORTS 285 22.05 +8.39 BAJAJFINSV 944.30 18.90 +2.04 RANBAXY 557.65 1.40 +0.25 RSSOFTWARE 389.40 50.60 +14.94 ZEEL 300.90 5.10 +1.72 Indian Indices Company CMP Change % Chg NIFTY 7624.40 +97.75 +1.30 SENSEX 25549.72 +321.07 +1.27 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg
  • 2. DAILY REPORT 17th JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. SSLT FUTURE SSLT 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 of 292 for the targets of 308-315 levels. 2. ADANI PORTS FUTURE ADANI PORTS FUTURE looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 285 levels. We advise buying around 282-285 levels with strict stop loss of 276 for the targets of 290-295 lev- els. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. ASTRA MICROWARE ASTRA MICROWAVE strong on daily chart. We advise buying around 140 level with strict stop loss 137.50 for the targets of 142.50-145 MACRO NEWS Federal Bank reported strong earnings with Q1 (April- June) net profit surging 108 percent to Rs 220.2 crore compared to Rs 105.7 crore in same quarter last year, aided by sharp fall in provisions and improvement in asset quality performance despite fall in other income. The June trade deficit touched 11-month high to USD 11.76 bn against USD 11.23 bn MoM and USD 11.28 bn Y- o-Y. Even though the exports rose 10.2% to USD 26.48 bn YoY, it declined from USD 28bn MoM. Even the imports which grew 8.3% to USD 38.24 bn Y-o-Y, dipped margin- ally from USD 39.23bn MoM. Kotak M. Bank reported stable earnings with consolidated net profit rising 11.3% YoY to Rs 698.3cr on account of lower provisions and higher other income but higher op- erating expenses limited profitability. The govt is going ahead with the proposal to split the post of chairman and managing director in PSU banks as part of a top-deck restructuring. Losses on diesel sales fall to Rs 2.49 per litre. Cost of die- sel production had more than doubled to Rs 3.40 a litre in the first half of July as violence in Iraq spooked interna- tional oil markets.
  • 3. DAILY REPORT 17th 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 7,500 29.75 5,09,770 60,77,150 NIFTY PE 7,400 14.75 3,33,282 49,78,250 NIFTY PE 7,300 7.7 2,53,478 46,87,100 BANKNIFTY PE 14,500 45 31,303 4,07,600 SBIN PE 2,500 26 4,932 2,28,375 IDFC PE 150 1.7 3,948 22,04,000 ICICIBANK PE 1,400 10 2,654 3,30,750 RELIANCE PE 980 13.85 1,724 3,37,250 MOST ACTIVE CALL OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 7,600 114 4,88,330 47,22,500 NIFTY CE 7,700 60.2 4,41,057 43,73,100 NIFTY CE 7,800 27.75 3,01,561 47,80,000 BANKNIFTY CE 15,500 198.95 43,976 4,39,325 IDFC CE 160 6.4 8,601 22,80,000 SBIN CE 2,600 50.2 8,086 3,65,250 RELIANCE CE 1,000 18.5 5,855 10,57,250 ICICIBANK CE 1,500 19 4,263 5,83,750 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 59912 2273.36 60542 2298.09 344604 13168.86 -24.74 INDEX OPTIONS 419586 15713.78 387602 14475.90 1714263 65356.33 1237.87 STOCK FUTURES 99262 3630.80 79421 2889.74 1543199 55919.19 741.06 STOCK OPTIONS 66918 2494.08 66991 2496.24 114490 4277.30 -2.16 TOTAL 1952.04 INDICES R2 R1 PIVOT S1 S2 NIFTY 7,706.63 7,665.52 7,598.98 7,557.87 7,491.33 BANK NIFTY 15,483.92 15,374.68 15,190.57 15,081.33 14,897.22 STOCKS IN NEWS Results today: TCS , Bajaj Auto , Reliance Industrial In- frastructure , Mindtree , Gruh Finance , Sasken Com- munications , Agro Tech Foods. Adani Ports has received environment and coastal regulation zone approvals for Mundra SEZ. Ashok Leyland introduces 2015 models in Saudi Arabia. M&M: 1.8 cr shares to be sold in open market today. Adani Enterprises -Board to meet on August 9 to mull borrowing up to Rs 2,500 crore. NIFTY FUTURE Nifty Future closed upside in the last trading session. We advise buying around 7680 level with strict stop loss of 7630 for the targets of 7730-7780
  • 4. DAILY REPORT 17th JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 COMMODITY MCX RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER SEP ABOVE 44800 TGTS 45000,45300 SL 44500 SELL SILVER SEP BELOW 44400 TGTS 44200,43900 SL 44700 GOLD TRADING STRATEGY: BUY GOLD AUG ABOVE 27770 TGTS 27850,27950 SL 27670 SELL GOLD AUG BELOW 27560 TGTS 27480,27380 SL 27660 COMMODITY ROUNDUP Silver prices fell by 0.41 per cent to Rs 44,672 per kg in fu- tures trade yesterday largely in tune with a weak trend overseas amid profit-booking by speculators. At MCX, silver for delivery in September traded lower by Rs 188, or 0.41%, to Rs 44,672 per kg in a business turnover of 781 lots. De- cember silver declined by Rs 182, or 0.40 per cent, to Rs 45,541 per kg in a business volume of 28 lots. In the inter- national market, silver traded 0.89% lower at $20.72 an ounce in New York in yesterday's trade. Apart from profit- booking by participants, a weak trend in global markets as the outlook for higher borrowing costs in the US strength- ened the dollar and damped demand for an alternative in- vestment, led to the fall in silver prices at futures trade. U.S. crude oil extended gains after rising more than $1 the previous day after government data showed a sharp fall in U.S. crude stocks last week. U.S. crude CLc1 was up 0.3 per- cent at $101.53 a barrel. Aluminium held steady after touching a 16-month high on Wednesday in light of upbeat data from top consumer China amid producer cutbacks and eroding inventories. Benchmark three-month aluminium CMAL3 on the London Metal Exchange was up 0.1 percent at $1,971 a tonne after surging to $1,993 on Wednesday, the highest since March 2013. Shanghai copper fell to its lowest in a fortnight as jitters over a possible bond default in China's construction sector triggered a round of profit taking. The most-traded Septem- ber copper contract on the Shanghai Futures Exchange SCFcv1 slid 1 percent to 50,050 yuan ($8,100)a tonne in overnight trade. Lead futures rose marginally by 0.08% to Rs 132.25 per kg yesterday as participants enlarged positions amidst rising demand from battery-makers in the domestic spot market. At MCX, lead for delivery in July traded higher by 10 paise, or 0.08%, to Rs 132.25 per kg, with a turnover of 432 lots. The metal for delivery in August gained five paise, or 0.04%, to Rs 133.35 per kg in a business volume of 15 lots. Apart from domestic demand, particularly from battery-makers, the metal's gain at LME, influenced lead prices at futures trade.
  • 5. DAILY REPORT 17th JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS DHANIYA BUY DHANIYA AUG ABOVE 12075 TGTS 12105,12155 SL 12025 SELL DHANIYA AUG BELOW 11985 TGTS 11955,11905 SL 12035 GUARSEED BUY GUARSEED AUG ABOVE 5670 TGTS 5700,5750 SL 5620 SELL GUARSEED AUG BELOW 5590 TGTS 5560,5510 SL 5640 NCDEX NCDEX INDICES Index Value % Change Castor Seed 4106 -3.00 Chana 2772 -0.79 Coriander 11445 +1.26 Cotton Seed Oilcake 1695 -0.94 Guarseed 5535 -0.09 Jeera 11470 -0.04 Mustard seed 3574 +0.11 Soy Bean 3968 +0.18 Sugar M Grade 3007 +0.03 Turmeric 6228 -1.80 NCDEX ROUNDUP With rising import of vegetable oils, tax evasion and other malpractices have also increased. Now trade circles reveal huge tax evasion by importers of the oils which is going un- caught. As per the estimates, in last six months Rs.150 crore of value added tax was evaded by giving wrong declaration in imports only on JNPT port in Mumbai. Crude palm oil prices were up by 0.82% to Rs 524.40 per 10 kg in futures market yesterday as speculators enlarged their positions, driven by rising demand in the spot markets. At MCX, crude palm oil for delivery in July moved up by Rs 4.30, or 0.82%, to Rs 524.40 per 10 kg in business turnover of 153 lots. Similarly, the oil for delivery in August edged up by Rs 4, or 0.78%, to Rs 515.50 per 10 kg in 117 lots. Fresh positions created by speculators following rising demand in the spot markets, mainly influenced crude palm oil prices at futures trade. Cardamom prices rose by Rs 6.20 to Rs 923.40 per kg in fu- tures trade yesterday as speculators created fresh positions, supported by rising demand in the spot markets. At MCX, cardamom for delivery in August rose Rs 6.20, or 0.67%, to Rs 923.40 per kg in business turnover of 140 lots. Similarly, the spice for delivery in Sept. traded higher by Rs 4.50, or 0.45%, to Rs 904 per kg in 20 lots. Fresh positions created by speculators following pick up in demand in the spot mar- kets against restricted arrivals from producing regions mainly led to the rise in cardamom prices at futures trade.
  • 6. DAILY REPORT 17th JULY 2014 YOUR MINTVISORY Call us at +91-731-6642300 EUR/INR SELL EUR/INR BELOW 81.44 TGTS 81.29, 81.14 SL 81.64. BUY EUR/INR ABOVE 81.76 TGTS 81.91, 82.06 SL 81.56. USD/INR SELL USD/INR BELOW 60.16 TGTS 60.01, 59.86 SL 60.36. BUY USD/INR ABOVE 60.45 TGTS 60.61, 60.76 SL 60.25. CURRENCY ROUNDUP The Indian rupee ended unchanged on Wednesday as the dollar strength overseas and greenback buying by state run banks were offset by gains in local shares. The rupee also did not move significantly after data showed India's exports in June rose 10.22 percent from a year earlier, as overall analysts called the numbers mixed. The partially convertible rupee ended at 60.12/13 per dol- lar, unchanged from the Tuesday closing. The rupee contin- ued to be weighed down by dollar demand from state-run banks for oil-and defence-related payments and by gains of the U.S. currency overseas following a comment by Federal Reserve head Janet Yellen that U.S. rates could rise sooner if employment continued to improve. In the offshore non-deliverable forwards, the one-month contract was at 60.31/41, while the three-month was at 60.82/92. The dollar was higher against some peers following disap- pointing economic reports in Europe and comments by Fed- eral Reserve Chair Janet Yellen before this week that sug- gested rate hikes may come sooner than expected with the economy showing signs of a recovery taking hold. The dollar traded little changed at 101.56 yen JPY= having gained about 0.4 percent so far this week against the Japanese unit. The euro EUR= stood at $1.3531, not far from a one- month low of $1.3520 hit the previous day. The euro wallowed at five-month lows against the yen on Thursday and held near a two-year trough on sterling, hav- ing weakened broadly overnight in a move that should pro- vide some comfort to the European Central Bank. U.S. benchmark Treasury yields edged lower on Wednesday, slipping back from an early boost delivered after data sug- gesting the world's largest economy is on solid footing. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 60.1903 Yen-100 59.1900 Euro 81.6560 GBP 103.1361
  • 7. DAILY REPORT 17th JULY 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 16/07/14 MCX GOLD AUG. BUY 27900 27980-28080 27800 NOT EXECUTED 16/07/14 MCX GOLD AUG. SELL 27560 27480-27380 27660 NOT EXECUTED 16/07/14 MCX SILVER SEP. BUY 45250 45450-45750 46100 NOT EXECUTED 16/07/14 MCX SILVER SEP. SELL 44600 44400-44100 44900 BOOKED PROFIT 16/07/14 NCDEX GUARSEED AUG. BUY 5740 5770-5820 5690 NOT EXECUTED 16/07/14 NCDEX GUARSEED AUG. SELL 5645 5615-5565 5695 BOOKED PROFIT 16/07/14 NCDEX DHANIYA AUG. BUY 12000 12030-12080 11950 BOOKED FULL PROFIT 16/07/14 NCDEX DHANIYA AUG. SELL 11870 11840-11790 11920 NOT EXECUTED 16/07/14 JPY/INR JULY BUY 59.48 59.63-59.78 59.28 NOT EXECUTED 16/07/14 JPY/INR JULY SELL 59.03 58.88-58.73 59.23 NOT EXECUTED 16/07/14 GBP/INR JULY SELL 103.01 102.86-102.71 103.21 NOT EXECUTED 16/07/14 GBP/INR JULY BUY 103.44 103.59-103.74 103.24 SL TRIGGERED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 07/07/14 NIFTY FUTURE BUY 7800 7850-7900 7750 CALL OPEN 07/07/14 TATACOMM FUTURE BUY 405-410 425-435 390 CALL OPEN 07/07/14 RELIANCE FUTURE BUY 1030-1040 1060-1090 1000 CALL OPEN 07/07/14 INDIAN BANK CASH BUY 190 193.5-197 186.5 NOT EXECUTED 04/07/14 NIFTY FUTURE BUY 7775 7825-7875 7725 CALL OPEN 04/07/14 GLENMARK FUTURE BUY 605-610 620-635 590 SL TRIGGERED 04/07/14 SAIL FUTURE SELL 95 92-89 98 CALL OPEN 03/07/14 NIFTY FUTURE BUY 7760 7810-7860 7710 CALL OPEN 01/07/14 IDFC FUTURE BUY 132-135 138-140 128 BOOKED FULL PROFIT
  • 8. DAILY REPORT 17th JULY 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, JULY 14 NONE SCHEDULED TUESDAY, JULY 15 8:30 AM RETAIL SALES JUNE 0.6% 0.3% 8:30 AM RETAIL SALES EX-AUTOS JUNE 0.6% 0.1% 8:30 AM IMPORT PRICE INDEX JUNE 0.4% 0.1% 8:30 AM EMPIRE STATE INDEX JULY 17.9 19.3 10 AM JANET YELLEN TESTIMONY 10 AM BUSINESS INVENTORIES MAY 0.6% 0.6% WEDNESDAY, JULY 16 8:30 AM PRODUCER PRICE INDEX JUNE 0.2% -0.2% 9:15 AM INDUSTRIAL PRODUCTION JUNE 0.2% 0.6% 9:15 AM CAPACITY UTILIZATION JUNE 79.2% 79.1% 10 AM JANET YELLEN TESTIMONY 10 AM HOME BUILDERS' INDEX JULY 50 49 2 PM BEIGE BOOK THURSDAY, JULY 17 8:30 AM WEEKLY JOBLESS CLAIMS 7-12 N/A 304,000 8:30 AM HOUSING STARTS JUNE 1.00 MLN 1.00 MLN 10 AM PHILLY FED JULY 16.5 17.8 FRIDAY, JULY 18 9:55 AM UMICH CONSUMER SENTIMENT JULY 82.7 82.5 10 AM LEADING INDICATORS JUNE -- 0.5%