Published on September 26, 2014
DAILY REPORT 26th SEPTEMBER 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Asian shares got off to a rocky start on Friday after a sharp drop on Wall Street curbed enthusiasm for the dollar even after it touched multi-year highs in the previous session. MSCI's broadest index of Asia-Pacific shares outside Ja- pan .MIAPJ0000PUS was down 0.3 percent in early trade, poised for a weekly loss over 2 percent. Japan's Nikkei stock average .N225 skidded 1.6 percent, on track to shed more than 1 percent for the week, as a stronger yen exac- erbated the risk-averse mood. European shares slipped to a one-month low in late trading on Thursday, tracking a sell-off in U.S. stocks, as a stronger dollar undercut prices for industrial metals, causing mining shares to drop. The FTSEurofirst 300 index of top European shares ended 0.9% lower at 1,373.09pts. It rose to a high of 1,391.80 in early trading before falling up to 1,369.63, the lowest since late August. Wall Street Update US stocks ended with sharp losses on Thursday, with the S&P 500 suffering its biggest one-day decline since July, as Apple tumbled and the dollar rose to a four-year high. The day's decline was broad, with all ten primary S&P 500 sec- tors lower on the day and most down more than 1 percent. About 80 percent of stocks traded on both the New York Stock Exchange and Nasdaq ended lower. The DJI average fell 264.26 pts, or 1.5%, to 16,945.80, the S&P 500 lost 32.31pts, or 1.6%, to 1,965.99 and the Nasdaq Composite dropped 88.47 points, or 1.94%, to 4,466.75. Previous day Roundup After a lot of struggle, the Nifty managed to end Sept F&O series above the 7900-level. The Sensex is down 276.33 pts or 1% at 26468.36 and the Nifty is down 90.55 points or 1.1% at 7911.85. About 714 shares have advanced, 2261 shares declined and 83 shares are unchanged. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 78.77pts], Capital Goods [down 275.98pts], PSU [down 237.17 pts], FMCG [down 34.58pts], Realty [down 52.85pts], Power [down 56.94pts], Auto [down 173.15pts], Healthcare [up 20.15pts], IT [up 117.28pts], Metals [down 351.55pts], TECK [up 54.56pts], Oil& Gas [down 333.85pts]. World Indices Index Value % Change D J l 16945.8 -1.54 S&P 500 1965.99 -1.62 NASDAQ 4466.75 -1.94 EURO STO 3202.31 -1.29 FTSE 100 6639.71 -0.99 Nikkei 225 16213.67 -0.98 Hong Kong 23625.52 -0.60 Top Gainers Company CMP Change % Chg GAIL 457.00 14.35 3.24 TCS 2,715.00 72.00 2.72 DRREDDY 3,305.80 76.65 2.37 ZEEL 305.25 5.20 1.73 INFY 3,705.00 60.20 1.65 Top Losers Company CMP Change % Chg JINDALSTEL 175.20 14.30 -7.55 PNB 872.45 54.65 -5.89 NMDC 161.00 7.75 -4.59 HINDALCO 149.55 6.55 -4.20 AXISBANK 380.40 16.60 -4.18 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg DRREDDY 3,305.80 76.65 2.37 HINDUNILVR 758.00 -6.10 -0.80 TECHM 2,509.80 24.75 1.00 Indian Indices Company CMP Change % Chg NIFTY 79185 -90.55 -1.13 SENSEX 26468.36 -276.33 -1.03 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg CAIRN 305.00 -9.50 -3.02 JINDALSTEL 175.20 -14.30 -7.55 JPASSOCIAT 25.95 -5.90 -18.52 JPPOWER 11.80 -1.85 -13.55 RCOM 96.20 -5.55 -5.45
DAILY REPORT 26th SEPTEMBER 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. BPCL [FUTURE] BPCL FUTURE seems bearish. It has prepared a perfect Head & Shoulders pattern on daily chart and also closed below previous levels. It may retest the level and after a short pull back it may go down to follow the pattern. So we recom- mend to Sell it below 625 for the targets of 611 - 600 with Strict SL of 640. 2. NMDC [FUTURE] NMDC FUTURE seems bearish, if it closes below 160 in hourly candle today. So we recommend to Sell it below 158 for the targets of 152 - 148 with Strict SL of 164. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. RAYMOND RAYMOND weak on daily chart. We advise selling around 415-414 level with strict stop loss 423 for the targets 407- 399 MACRO NEWS Indian shares fell for a third consecutive session, as lend- ers and other coal-related firms remained under pressure a day after the country's top court scrapped all but four of 218 coal blocks allocated by the government since 1993. Traders will continue to monitor domestic share and debt price movements for clues on the direction of foreign fund flows which are key for the rupee's fortunes. So far this year, foreign funds have bought $14.1 billion in equi- ties and $20 billion in debt. Hindalco says -SC cancelling coal block allocation to have 1-time impact on company of Rs 500 crore -Not expecting the captive coal immediately. Asian Development Bank (ADB) to sell 5.2 percent stake in Petronet LNG via block deal today. Steel companies have raised prices twice in the current financial year but good days continue to elude them, with the market showing reluctance to absorb any increase in prices. In July and September, producers of flat steel, used in white goods and consumer durables, had raised prices by Rs 700 a tonne. On both occasions, the companies could hardly pass on the increase, said a steel producer. This is primarily because demand is yet to see any major recovery.
DAILY REPORT 26th SEPTEMBER 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 7,900 0.05 9,74,756 66,29,400 NIFTY PE 8,000 88.1 9,51,222 29,61,000 NIFTY PE 7,950 38.65 8,84,648 8,68,400 BANKNIFTY PE 15,400 103.25 1,55,603 43,850 SBIN PE 2,450 71.75 4,728 81,375 JINDALSTEL PE 170 0.05 4,487 6,81,000 RELIANCE PE 940 9.35 2,792 1,61,250 IOB PE 50 0.05 2,697 1,39,68,000 MOST ACTIVE CALL OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 8,000 0.05 15,74,044 1,01,79,200 NIFTY CE 7,950 0.05 6,39,885 38,05,850 NIFTY CE 8,050 0.05 5,98,578 60,77,400 BANKNIFTY CE 15,600 0.05 1,28,827 4,29,100 SBIN CE 2,450 0.05 10,304 2,39,000 DLF CE 160 0.05 5,093 20,38,000 RELAINCE CE 960 0.05 4,968 4,46,750 TCS CE 2,700 7.15 4,222 1,41,875 FII DERIVATIVES STATISTICS BUY OPEN INTEREST AT THE END OF THE DAY SELL No. of Contracts Amount in Crores No. of Contracts Amount in Crores No. of Contracts Amount in Crores NET AMOUNT INDEX FUTURES 133129 5278.81 129958 5157.74 286306 11366.50 121.07 INDEX OPTIONS 582719 22995.94 542016 21385.64 1278287 50537.92 1610.31 STOCK FUTURES 365861 13139.46 392977 14005.07 1171907 41261.80 -865.61 STOCK OPTIONS 30075 1051.35 28367 1004.87 1337 45.52 46.48 TOTAL 912.25 INDICES R2 R1 PIVOT S1 S2 NIFTY 8,078.12 7,994.98 7,936.17 7,853.03 7,794.22 BANK NIFTY 15,936.25 15,617.65 15,415.50 15,096.90 14,894.75 STOCKS IN NEWS JSW Energy to acquire 3 plants of JP Power. Coal India must sign MoU on ‘best efforts basis’ where plants have power purchase agreements . Cipla in sub-licensing agreement with MPP for Teno- fovir Alafenamide PFC to raise funds up to Rs 55000 crore. India Cements Demerger proposal will be taken up for the consideration of the board at its ensuing meeting on September 26 (EGM) NIFTY FUTURE Nifty Future closed downside in the last trading session. We advise selling around 7940 with strict stop loss 7990 the targets of 7890-7840
DAILY REPORT 26th SEPTEMBER 2014 YOUR MINTVISORY Call us at +91-731-6642300 COMMODITY MCX RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER DEC ABOVE 39460 TGTS 39660,39960 SL 39160 SELL SILVER DEC BELOW 39100 TGTS 38900,38600 SL 39400 GOLD TRADING STRATEGY: BUY GOLD OCT ABOVE 26970 TGTS 27050,27150 SL 26880 SELL GOLD OCT BELOW 26730 TGTS 26650,26550 SL 26810 COMMODITY ROUNDUP In a setback to local producers, the prices of imported steel have fallen about 20 per cent this month, as China has dumped its produce here due to demand falling in that country. By contrast, elevated iron ore prices have kept steel on a firm footing in Indian markets. According to data released by the Chinese customs showed that China's ex- ports of stainless steel coils and sheets surged by 43.6 per- cent to 255268 tons in August compared to the same pe- riod a year ago. China's export key markets remained Tai- wan and South Korea, which down by 19.4 percent and up by 42.86 percent respectively compared to the previous month. Exports to Italy rose by 13.6 percent to 22278 tons on monthly basis. During the first eight months, China's exports of stainless steel coils and sheets totaled 2.2 mil- lion tons, compared from 1.4 million tons in the corre- sponding period a year earlier. MCX Gold futures dropped under Rs 26400 per 10 grams today as the COMEX gold fell toits fresh ten month low. Mild gains in Asian stocks capped advances for the yellow metal and the inability of the commodity to hold above $1220 per ounce ensured that a weak outing this week continued for the metal. COMEX Gold futures are trading at $1210 per ounce mark, down nearly $10 per ounce on the day. MCX Gold futures are trading at Rs 26456per 10 grams, down Rs 103 per 10 grams on the day. The counter had neared Rs 27K mark earlier this week but failed to hold onto the rally. Demand worries continue to dominate sentiments for gold. China's gold imports from HongKong in July fell by 42% from a month earlier, according to the Hong Kong Census and Statistics Department, media reports quoted. As per the latest Gold Demand Trends report released by World Gold Council, world gold demand for Q2 2014 was 964 tonnes, down 16%year on year from 1,148 tonnes, central bank purchases rose 28 % year on year, to 118ton- nes from 92 tonnes, total bar and coin demand fell by 56% year on year to 275 tonnes from 628 tonnes. Crude oil futures slipped lower on Thursday, after rising to a four-day high fuelled by a decline in U.S. stockpiles, as ample supply from the Middle East continued to weigh. On the New York Mercantile Exchange, crude oil for delivery in November traded at $92.60 a barrel during European late morning trade, down 0.21%. Prices gained 1.35% on Wednesday to settle at $92.80.
DAILY REPORT 26th SEPTEMBER 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS DHANIYA BUY DHANIYA OCT 11830 TGTS 11860,11910 SL 11780 SELL DHANIYA OCT 11760 TGTS 11710,11660 SL 11810 GUARSGUM BUY GUARGUM OCT ABOVE 16140 TGTS 16190,16290 SL 16050 SELL GUARGUM OCT BELOW 16000 TGTS 15950,15850 SL 16090 NCDEX NCDEX INDICES Index Value % Change CASTOR SEED 4329 -1.50 CHANA 2790 +0.58 CORIANDER 11780 -0.66 COTTON SEED 1380 +0.15 GAUR SEED 5585 -2.05 JEERA 10515 +0.24 MUSTARDSEED 3648 -0.05 SOYBEAN 3149 +1.98 TURMERIC 5996 +1.04 NCDEX ROUNDUP Profit taking was seen in guarseed futures from higher lev- els due to fresh supplies in local Haryana mandies along with restricted demand at higher levels. The NCDEX futures pared by 2.50 percent yesteray. fresh supplies of around 0.60-0.70 lakh bags of guarseed in the major mandies of Haryana have prompted bearish sentiments in local mandies. The spot prices of guarseed declined by Rs 60 per quintal at Jodhpur mandi to close at Rs 5500 per quintal. The total production of guarseed in the current is likely to be around 12.5 million tonnes, down almost 43 percent from the last year. This is mainly on the account of weak rainfall in major producing states such as Haryana and Ra- jasthan. Poor rainfall during the crop growing stage ie, July - August month will impact the productivity and reduce the total output. The NCDEX October Guarseed futures settled at Rs 5585 per quintal, down 2.05 percent today . The NCDEX futures added 5.25 percent in open interest indicat- ing fresh short position by traders. To compensate for kharif foodgrain output loss, the govern- ment has urged states to ensure higher seed and fertiliser availability in the coming rabi season. It has also asked states to address the 3.37 million hectares of area left un- sown due to delay and then deficient rainfall in the kharif season. The government has set a rice production target for the rabi season at 14 mt, as compared to 14.85 mt in the previous season, according to the Fourth Advanced Esti- mate. Wheat production is fixed at 94 mt, as against 95.51 mt the previous year.
DAILY REPORT 26th SEPTEMBER 2014 YOUR MINTVISORY Call us at +91-731-6642300 JPY/INR BUY JPY-INR ABOVE 56.6500 TGT 56.8500,57.1500 SL 56.4000 SELL JPY-INR BELOW 56.4000 TGT 56.2000,55.9500 SL 56.1500 EUR/INR BUY EUR-INR ABOVE 78.7700 TGT 78.9700,79.2000 SL 78.5000 SELL EUR-INR BELOW 78.5000 TGT 78.3000,78.0000 SL 78.7700 CURRENCY ROUNDUP The Indian rupee hit its lowest level in one-and-a-half months on Thursday, weighed down by a sharp fall in the domestic share market and demand for the greenback from importers, but the central bank stepped in to limit further losses. The central bank likely sold dollars via state-run banks starting around 61.40 rupee levels to prevent a fur- ther fall in the local currency. The partially convertible rupee ended at 61.34/35 per dollar compared with Wednesday's close of 60.96/97. The rupee dropped to as low as 61.4150, its lowest level since Aug. 8. It declined 0.6 percent on the day, its biggest single-day fall since Sept. 15. Dollar demand from oil and other importers to meet month-end import commitments also pressured the rupee. The rupee could also remain under pressure ahead of the Reserve Bank of India's policy review on Sept. 30. The cen- tral bank is expected to keep interest rates on hold until the April-June quarter of next year, when it may loosen policy, a Reuters poll showed on Wednesday. The dollar rose to fresh four-year highs against a basket of other major currencies on Thursday, as Wednesday's up- beat U.S. home sales data fuelled further expectations for an early rate hike by the Federal Reserve. The US Dollar In- dex, which tracks the performance of the greenback versus a basket of six other major currencies, advanced 0.43% to 85.52, the highest level since July 2010. The euro fell on Thursday to an almost two-year low against a dollar that is on track for its longest winning streak since the early 1970s, as investors anticipate that European and U.S. monetary policy will head in opposite directions. In the offshore non-deliverable forwards, the one-month contract was at 61.70, while the three-month was at 62.28. RBI Reference Rate Currency Rate Currency Rate Rupee- $ 61.0293 Yen-100 56.1700 Euro 78.3738 GBP 99.9904
DAILY REPORT 26th SEPTEMBER 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 25/09/14 MCX GOLD OCT. BUY 26750 26830-26930 26660 BOOKED FULL PROFIT 25/09/14 MCX GOLD OCT. SELL 26480 26400-26300 26570 BOOKED PROFIT 25/09/14 MCX SILVER DEC. BUY 39450 39650-39950 39150 NOT EXECUTED 25/09/14 MCX SILVER DEC. SELL 39100 38900-38600 39400 BOOKED PROFIT 25/09/14 NCDEX GUARGUM OCT. BUY 16450 16500-16600 16360 NOT EXECUTED 25/09/14 NCDEX GUARGUM OCT. SELL 16250 16200-16100 16340 BOOKED FULL PROFIT 25/09/14 NCDEX DHANIYA OCT. BUY 11895 11780-11730 11845 BOOKED PROFIT 25/09/14 NCDEX DHANIYA OCT. SELL 11810 11780-11730 11860 BOOKED PROFIT 25/09/14 GBP/INR OCT. BUY 100.2 100.32-100.57 99.87 NOT EXECUTED 25/09/14 GBP/INR OCT. SELL 99.90 99.70-98.43 100.25 BOOKED FULL PROFIT 25/09/14 JPY/INR OCT. SELL 56.03 55.83-55.50 56.25 BOOKED PROFIT 25/09/14 JPY/INR OCT. BUY 56.22 56.42-56.70 55.97 NO PROFIT NO LOSS Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 25/09/14 NIFTY FUTURE SELL 7950 7900-7850 8000 BOOKED PROFIT 25/09/14 BANK OF INDIA FUTURE SELL 265-268 262-258 272 NOT EXECUTED 25/09/14 CIPLA FUTURE BUY 595-600 605-615 585 BOOKED FULL PROFIT 25/09/14 MAX CASH SELL 329-328 323-317 328 SL TRIGGERED 24/09/14 DLF FUTURE SELL 157-159 154-150 162 CALL OPEN
DAILY REPORT 26th SEPTEMBER 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, SEPT. 22 8:30 AM CHICAGO FED NATIONAL ACTIVITY INDEX AUG. -- 0.25 (3-MONTH) 10 AM EXISTING HOME SALES AUG. 5.22 MLN 5.15 MLN TUESDAY, SEPT. 23 9 AM FHFA HOME PRICES JULY -- 5.1% YOY 9:45 AM MARKIT "FLASH" PMI -- 57.9 WEDNESDAY, SEPT. 24 10 AM NEW HOME SALES AUG. 435,000 412,000 THURSDAY, SEPT. 25 8:30 AM WEEKLY JOBLESS CLAIMS SEPT. 20 N/A N/A 8:30 AM DURABLE GOODS ORDERS AUG. -14.0% 22.6% FRIDAY, SEPT. 26 8:30 AM GDP REVISION Q2 4.7% 4.2% 9:55 AM CONSUMER SENTIMENT SEPT. N/A 84.6
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