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DAILY REPORT
06th
MAY 2014
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance
Asian share markets shuffled higher on Tuesday after
promising U.S. economic news helped Wall Street to a
firmer finish, though activity was again light with Tokyo
still on holiday.
European shares fell on Monday as concerns about an es-
calating conflict in Ukraine and weak Chinese manufactur-
ing data sapped investors' appetite for risk. Most European
indexes cut losses in late trade, however, as data showed
growth in the U.S. services sector accelerated more than
expected in April, building on Friday's strong non-farm
payrolls. The Euro STOXX index of euro zone shares closed
down 0.3% at 322.73 points, with the blue-chip Euro
STOXX 50 index down 0.2 percent at 3,171.29 points. Ger-
many's DAX and France's CAC closed 0.3% lower and 0.1%
higher, respectively, in volume roughly 30 percent lower
than the monthly average for the past three months.
Wall Street Update
U.S. stocks ended slightly higher as data showed strength
in the services sector and Apple shares rose above $600
for the first time since late 2012. About 5 billion shares
changed hands on U.S. exchanges, well below the 6.7 bil-
lion average for the last five sessions. The Dow Jones in-
dustrial average .DJI rose 17.66 points or 0.11 percent, to
16,530.55, the S&P 500 .SPX gained 3.52 points or 0.19
percent, to 1,884.66 and the Nasdaq Composite .IXIC
added 14.158 points or 0.34 percent, to 4,138.055.
Previous day Roundup
The market snapped 5-day fall and rallied a bit intraday.
After much of a struggle to hold 6700, the Nifty closed be-
low it marginally. The Nifty ended the day at 6699.35, up
4.55 points while Sensex was up 41.23 points at 22445.12.
About 1218 shares advanced, 1493 shares declined, and
135 shares were unchanged. Metals and capital goods
stocks gained while IT stocks were under selling pressure.
Index stats
The Market was very volatile in last session. The sartorial
indices performed as follow; Consumer Durables [up
26.79pts], Capital Goods [up 108.43pts], PSU [up
42.62pts], FMCG [up 34.09pts], Realty [down 10.48pts],
Power [down 7.89pts], Auto [up 43.73pts], Healthcare
[down 78.70pts], IT [down 85.02pts], Metals [up
118.81pts], TECK [down 57.20pts], Oil& Gas [up 145.73
pts].
World Indices
Index Value % Change
D J l 16530.55 +0.11
S&P 500 1884.66 +0.19
NASDAQ 4138.06 +0.34
EURO STO 3171.29 -0.21
FTSE 100 6822.42 +0.20
Nikkei 225 14457.51 -0.19
Hong Kong 21976.33 -1.28
Top Gainers
Company CMP Change % Chg
HINDALCO 138.40 6.75 +5.13
JINDALSTEL 243.80 4.80 +2.01
TATASTEEL 396.95 6.90 +1.77
RELIANCE 944.40 16.30 +1.76
ONGC 335.00 5.70 +1.73
Top Losers
Company CMP Change % Chg
HCLTECH 1379.00 45.75 -3.21
HDFC 886.90 24.05 -2.64
CIPLA 393.15 8.95 -2.23
TATAPOWER 78.60 1.55 -1.93
NMDC 149.40 2.80 -1.84
Stocks at 52 Week’s high
Symbol Prev. Close Change %Chg
AARTIDRUGS 423.30 10.55 +2.56
AUROPHARMA 592.60 8.55 -1.42
AXISBANK 1092.00 7.70 +0.71
CENTURYTEX 379.70 25.55 +7.21
LUPIN 998.00 12.10 -1.20
Indian Indices
Company CMP Change % Chg
NIFTY 6,699.35 +4.55 +0.07
SENSEX 22,445.12 +41.23 +0.18
Stocks at 52 Week’s Low
Symbol Prev. Close Change %Chg
ABGSHIP 231.45 3.10 +1.36
DAILY REPORT
06th
MAY 2014
YOUR MINTVISORY Call us at +91-731-6642300
STOCK RECOMMENDATIONS [FUTURE]
1. CANARA BANK [FUTURE]
CANARA BANK FUTURE is looking strong on charts, long
build up has been seen, we may see more upside, if it sus-
tains above 300 levels. We advise buying around 300-305
levels with strict stop loss 290 for the targets of 315-325.
2. RCOM [FUTURE]
RCOM FUTURE is looking weak on charts, short build up has
been seen, we may see more downside, if it sustains below
120 levels. We advise selling around 120 levels with strict
stop loss 122 for the targets of 118-115.
EQUITY CASH & FUTURE
STOCK RECOMMENDATION [CASH]
1. JINWORLD
JINWORLD is looking strong on charts. We advise buying
around 115-118 levels with strict stop loss of 108 for the
targets of 125-135 levels.
MACRO NEWS
Results Today: HDFC, Titan, Vijaya Bank, Alembic, Clariant
Chem, GATI, Gillette Ind, Gujarat Pipavav, JM Financial,
Mahindra Holidays and Century Ply
State-owned Canara Bank recorded 15.8% decline in net
profit at Rs 610.83cr. for the fourth quarter ended March,
2014. It had a net profit of Rs 725.38cr. in the January-
March quarter of 2012-13 fiscal.
EC rejects Moily plea for a review of gas price hike defer-
ral.
Current account deficit likely to be around 2% of GDP: C
Rangarajan .
Helion Venture Partners invests Rs 27 crore in dental care
firm Denty’s
Shri Govindaraja Textiles to relocate operations in US, in-
vest USD 40 million
German car sales down by nearly 4% in April
Moser Baer Solar crosses Rs 200 crore business in Japan.
K M Birla to raise stake in Century Textiles.
Credit Suisse in talks to pay $1.6 bn to resolve US tax
probe.
DAILY REPORT
06th
MAY 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 6,500 153 69,025 41,22,950
NIFTY PE 6,400 120.25 60,077 40,26,000
NIFTY PE 6,700 234 54,257 21,36,550
BANKNIFTY PE 13,000 662 3,337 2,19,350
RELIANCE PE 880 18 1,017 1,49,500
AXISBANK PE 1,500 65.6 985 1,43,500
INFY PE 3,000 32 881 1,02,500
SBIN PE 2,000 96.6 798 1,17,750
MOST ACTIVE CALL OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 7,200 82 63,068 20,82,800
NIFTY CE 7,000 139.4 62,064 41,09,050
NIFTY CE 7,500 34.5 51,295 23,01,300
BANKNIFTY CE 13,500 421.9 4,733 2,28,675
RELIANCE CE 1,000 23.35 3,306 9,42,000
CENTURYTEX CE 400 19.6 1,940 1,51,000
ICICIBANK CE 1,300 54.4 1,610 6,83,000
DLF CE 160 4.05 1,444 23,48,000
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 47263 1582.98 44595 1496.99 266387 8919.80 85.99
INDEX OPTIONS 161599 5393.74 184555 6211.64 1415978 47364.11 -817.90
STOCK FUTURES 74107 2299.30 81754 2528.02 1241888 37913.59 -228.72
STOCK OPTIONS 25621 819.77 25753 826.25 47940 1473.49 -6.48
TOTAL -967.11
INDICES R2 R1 PIVOT S1 S2
NIFTY 6,767.55 6,733.45 6,706.95 6,672.85 6,646.35
BANK NIFTY 13,086.98 12,983.82 12,878.43 12,775.27 12,669.88
STOCKS IN NEWS
NMDC cuts iron ore lumps prices by Rs 200 per tonne
for May .
Government to stop gas supply to Deepak Fertilizer .
Sun Pharma under income tax department's scanner
for 'misuse' of R&D expenses
TVS Motor launches StaR City+ at Rs 44,000.
Suzlon restructures FCCBs; eyes quarterly breakeven in
FY15.
Rel Cap writes once again to FMC on MCX divestment..
AstraZeneca to seek shareholder nod to delist shares .
NIFTY FUTURE
Nifty Future closed in the green in the last trading ses-
sion. We advise buying around 6700-6720 levels with
strict stop loss of 6650 for the targets of 6780-6800.
DAILY REPORT
06th
MAY 2014
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
SILVER
TRADING STRATEGY:
BUY SILVER(JULY) ABOVE 42950 TGTS 43150/43450 SL
42600
SELL SILVER(JULY) BELOW 42300 TGTS 42100/41800 SL
42630
GOLD
TRADING STRATEGY:
BUY GOLD(JUN) ABOVE 29060 TGTS 29140/29240 SL 28950
SELL GOLD(JUN) BELOW 28770 TGTS 28690/28590 SL 28890
COMMODITY ROUNDUP
Gold prices declined by Rs 30 to Rs 30,680 per 10 grams in
the national capital yesterday on slackened demand at pre-
vailing higher levels even as the metal extended gains in the
overseas markets. On the other hand, silver held steady at
Rs 42,700 per kg on scattered buying support from indus-
trial units and coin makers. Fall in demand from retailers at
current levels led to decline in gold prices but a firming
trend overseas as escalating tension in Ukraine boosted de-
mand for safe-haven, limited the downside. Globally, gold
rose as much as 0.7% to $1,308.91 an ounce, the highest
level since April 15 in Singapore.
Zinc prices traded lower by 0.67% to 125.75 per kg in fu-
tures trade yesterday after speculators trimmed positions,
tracking a weak global trend. At the Multi Commodity Ex-
change, zinc for delivery in July declined by 85 paise, or
0.67%, to Rs 125.75 per kg in business turnover of one lot.
Likewise, the metal for delivery in the May contract sof-
tened by 30 paise, or 0.25%, to Rs 121.95 per kg in 137 lots.
The weakness in zinc at futures trade was mostly attributed
to a weak trend in copper and other base metals in the
global markets as the China manufacturing report added to
signs of weakness in the world's second-biggest economy
and after the Fed's stimulus cut.
Amid a weak trend in the entire base metals pack overseas
and subdued domestic demand, nickel traded 0.31% lower
at Rs 1,104.70 per kg in futures trade yesteday as specula-
tors reduced exposures. At the MCX nickel for delivery in
May fell Rs 3.40, or 0.31%, to Rs 1,104.70 per kg in a busi-
ness turnover of 603lots. The metal for delivery in June also
down by Rs 3.10, or 0.28%, to Rs 1,110.30 per kg in a turn-
over of five lots. The fall in nickel prices at futures trade was
mostly in tandem with a weakening trend in the base met-
als at the LME after manufacturing in April expanded less
than estimated in China, the biggest consumer of metals.
MCX Copper futures were trading with a mild positive bias
amid a steady undertone in the global prices. Worries over
the Chinese manufacturing growth yet again came to the
forefront and COMEX Copper remained locked in a tight
range amid subdued trading. The red metal is quoting at
$3.0685 per pound, down slightly on the day. MCX Copper
futures were trading at Rs 412.25 per kg, up Rs 0.70 per kg
on the day with a massive rise of 11% in the open interest.
COMMODITY MCX
DAILY REPORT
06th
MAY 2014
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
DHANIYA
BUY DHANIYA MAY ABOVE 9555 TGTS 9585,9635 SL 9515
SELL DHANIYA MAY BELOW 9490 TGTS 9470,9410 SL 9530
GUARSEED
BUY GUARSEED MAY ABOVE 5530 TGTS 5560,5610 SL 5480
SELL GUARSEED MAY BELOW 5460 TGTS 5430,5380 SL 5500
NCDEX
NCDEX INDICES
Index Value % Change
Castor Seed 3999 -2.18
Chana 3009 -1.18
Coriander 9522 +1.09
Cotton Seed Oilcake 1567 -0.06
Jeera 5500 -0.54
Maize– Feed/Industrial
Grade
10710 +2.44
Mustard seed 3476 -0.54
Soy Bean 4768 +0.65
Turmeric 658 -0.69
NCDEX ROUNDUP
Chinese policy causes a 25% fall in India's April cotton ex-
ports.
In the current cane-crushing season, sugar output has
dropped 13% to 6.42 mn tonnes (mt) in U.P. With the crush-
ing season about to end soon, it is expected the final data
for production won’t see much change, as only a handful of
the 119 sugar mills in the state are operational. During 2011
-12 and 2012-13, sugar production in the state stood at 6.97
mt and 7.4 mt, respectively. Meanwhile, sugarcane arrears
for this season have touched Rs 7,925 crore, with the mills’
collective payment at about 55 per cent. At about Rs 7,600
crore, private mills lead the tally for the arrears, too.
Wheat rose to the highest in more than a year, as violence
in Ukraine spread to the country's main grain export port of
Odessa, increasing concerns of supply disruption, and after
drought and freezing weather damaged the US crop.
Ukraine grain exports have dropped since the middle of
April, Agritel wrote. Corn shipments were less than 200,000
tonnes in the past seven days, while wheat shipments
"remained large" with 175,000 tonnes exported.
Cardamom ended the day lower on profit booking. The MCX
Cardamom May delivery ended the day at Rs 977, down Rs
11.80 or 1.19% from last close. Weather worries in the car-
damom belts and export enquiries aided recent upside in
the cardamom futures prices.
DAILY REPORT
06th
MAY 2014
YOUR MINTVISORY Call us at +91-731-6642300
EUR/INR
BUY EUR/INR ABOVE 83.96 TGTS 84.10,84.25 SL 83.75.
SELL EUR/INR BELOW 83.55 TGTS 83.41,83.26 SL 83.76.
USD/INR
BUY USD/INR ABOVE 60.55 TGTS 60.69,60.8500 SL 60.34.
SELL USD/INR BELOW 60.17 TGTS 60.03,59.88 SL 60.38.
CURRENCY ROUNDUP
U.S. Treasuries fell on Monday after economic data sig-
nalled unexpectedly strong growth in the U.S. services sec-
tor, surrendering early gains made on a flight to safety
spurred by tensions in Ukraine.
The Reserve Bank of India said on Monday it accepted all 43
bids for 160.50 billion rupees at its one-day repo auction,
through which it injects liquidity into the banking system.
Indian banks' refinancing with RBI falls to 348.92 billion ru-
pees. Indian banks' cash balances with RBI rise to 3.52 tril-
lion rupees.
The dollar was subdued in Asia on Tuesday, holding largely
around where it began this week after an aimless session
overnight with holidays in Japan and Britain crimping activ-
ity in markets.
The dollar got off to a cautious start having staged a curious
reversal late last week that saw it erase all of the gains
sparked by a strong payrolls report. Against the yen, the
dollar was back at 102.20, having retreated from a near one
-month peak of 103.03. The euro, which fell as low as USD
1.3812, recovered to USD 1.3874.
The rupee on Monday failed to maintain initial gains and
ended lower by five paise at 60.21 against the dollar on fag-
end demand for the US currency from banks and importers.
The Indian rupee opened with marginal gains of 7 paise at
60.09 per dollar versus 60.16 Friday. The rupee opened
higher at 60.09 a dollar against last weekend's level of 60.16
at the Interbank Foreign Exchange market. It firmed up fur-
ther to 60.00 per dollar on initial dollar selling from banks
and exporters amid capital inflows into equity markets and
weakness of the greenback overseas. However, fag-end
dollar demand from banks and importers pulled the domes-
tic currency to 60.21, a marginal loss of five paise from its
previous close. The dollar index was quoted lower by 0.01
percent against the major currencies in the international
markets. The initial gains were supported by the gains in
other Asian currencies against the dollar overseas.
CURRENCY
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 60.0475 Yen-100 58.8800
Euro 83.3423 GBP 101.3181
DAILY REPORT
06th
MAY 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
05/05/14 MCX GOLD JUNE BUY 28910 28990-29090 28800 BOOKED PROFIT
05/05/14 MCX GOLD JUNE SELL 28770 28690-28590 28890 NOT EXECUTED
05/05/14 MCX SILVER JULY BUY 42630 42830-43120 42300 BOOKED PROFIT
05/05/14 MCX SILVER JULY SELL 41900 41700-41400 42310 NOT EXECUTED
05/05/14 NCDEX GUARSEED MAY BUY 5555 5585-5625 5505
BOOKED FULL
PROFIT
05/05/14 NCDEX GUARSEED MAY SELL 5450 5420-5370 5500 NOT EXECUTED
05/05/14 NCDEX DHANIYA MAY BUY 9450 9480-9530 9400
BOOKED FULL
PROFIT
05/05/14 NCDEX DHANIYA MAY SELL 9380 9350-9300 9430 NOT EXECUTED
05/05/14 JPY/INR MAY BUY 59.38 59.52-58.67 59.16 NOT EXECUTED
05/05/14 JPY/INR MAY SELL 58.90 58.76-58.61 59.12 NOT EXECUTED
05/05/14 GBP/INR MAY SELL 101.86 101.72-101.57 102.08 BOOKED PROFIT
05/05/14 GBP/INR MAY BUY 102.80 102.44-102.59 102.08 NOT EXECUTED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
05/05/14 NIFTY FUTURE SELL 6750-6780 6720-6680 6800 BOOKED PROFIT
05/05/14 BATA INDIA FUTURE SELL 1000-1020 980-960 1040 CALL OPEN
05/05/14 APOLLO TYRE FUTURE BUY 165 169-174 160 CALL OPEN
05/05/14 AARTI DRUGS CASH BUY 400-450 430-450 380 NOT EXECUTED
30/04/14 HEXAWARE FUTURE SELL 150-155 145-140 160 CALL OPEN
16/04/14 TCS FUTURE BUY 2200-2240 2280-2300 2160 CALL OPEN
DAILY REPORT
06th
MAY 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, MAY 05
10 AM ISM NONMANUFACTURING APRIL 54.3% 53.1%
TUESDAY, MAY 06
8:30 AM TRADE DEFICIT MARCH -$39.8 BLN -$42.3 BLN
WEDNESDAY, MAY 07
8:30 AM PRODUCTIVITY 1Q -1.1% 1.8%
8:30 AM UNIT LABOR COSTS 1Q -- -0.1%
10 AM JANET YELLEN TESTIMONY
3 PM CONSUMER CREDIT MARCH -- $16.5 BLN
THURSDAY, MAY 08
8:30 AM JOBLESS CLAIMS 5/3 330,000 344,000
FRIDAY, MAY 09
10 AM JOB OPENINGS MARCH -- 4.2 MLN
10 AM WHOLESALE INVENTORIES MARCH -- 0.5%

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Stock market special report by epic research 6th may 2014

  • 1. DAILY REPORT 06th MAY 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Asian share markets shuffled higher on Tuesday after promising U.S. economic news helped Wall Street to a firmer finish, though activity was again light with Tokyo still on holiday. European shares fell on Monday as concerns about an es- calating conflict in Ukraine and weak Chinese manufactur- ing data sapped investors' appetite for risk. Most European indexes cut losses in late trade, however, as data showed growth in the U.S. services sector accelerated more than expected in April, building on Friday's strong non-farm payrolls. The Euro STOXX index of euro zone shares closed down 0.3% at 322.73 points, with the blue-chip Euro STOXX 50 index down 0.2 percent at 3,171.29 points. Ger- many's DAX and France's CAC closed 0.3% lower and 0.1% higher, respectively, in volume roughly 30 percent lower than the monthly average for the past three months. Wall Street Update U.S. stocks ended slightly higher as data showed strength in the services sector and Apple shares rose above $600 for the first time since late 2012. About 5 billion shares changed hands on U.S. exchanges, well below the 6.7 bil- lion average for the last five sessions. The Dow Jones in- dustrial average .DJI rose 17.66 points or 0.11 percent, to 16,530.55, the S&P 500 .SPX gained 3.52 points or 0.19 percent, to 1,884.66 and the Nasdaq Composite .IXIC added 14.158 points or 0.34 percent, to 4,138.055. Previous day Roundup The market snapped 5-day fall and rallied a bit intraday. After much of a struggle to hold 6700, the Nifty closed be- low it marginally. The Nifty ended the day at 6699.35, up 4.55 points while Sensex was up 41.23 points at 22445.12. About 1218 shares advanced, 1493 shares declined, and 135 shares were unchanged. Metals and capital goods stocks gained while IT stocks were under selling pressure. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 26.79pts], Capital Goods [up 108.43pts], PSU [up 42.62pts], FMCG [up 34.09pts], Realty [down 10.48pts], Power [down 7.89pts], Auto [up 43.73pts], Healthcare [down 78.70pts], IT [down 85.02pts], Metals [up 118.81pts], TECK [down 57.20pts], Oil& Gas [up 145.73 pts]. World Indices Index Value % Change D J l 16530.55 +0.11 S&P 500 1884.66 +0.19 NASDAQ 4138.06 +0.34 EURO STO 3171.29 -0.21 FTSE 100 6822.42 +0.20 Nikkei 225 14457.51 -0.19 Hong Kong 21976.33 -1.28 Top Gainers Company CMP Change % Chg HINDALCO 138.40 6.75 +5.13 JINDALSTEL 243.80 4.80 +2.01 TATASTEEL 396.95 6.90 +1.77 RELIANCE 944.40 16.30 +1.76 ONGC 335.00 5.70 +1.73 Top Losers Company CMP Change % Chg HCLTECH 1379.00 45.75 -3.21 HDFC 886.90 24.05 -2.64 CIPLA 393.15 8.95 -2.23 TATAPOWER 78.60 1.55 -1.93 NMDC 149.40 2.80 -1.84 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg AARTIDRUGS 423.30 10.55 +2.56 AUROPHARMA 592.60 8.55 -1.42 AXISBANK 1092.00 7.70 +0.71 CENTURYTEX 379.70 25.55 +7.21 LUPIN 998.00 12.10 -1.20 Indian Indices Company CMP Change % Chg NIFTY 6,699.35 +4.55 +0.07 SENSEX 22,445.12 +41.23 +0.18 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg ABGSHIP 231.45 3.10 +1.36
  • 2. DAILY REPORT 06th MAY 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. CANARA BANK [FUTURE] CANARA BANK FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sus- tains above 300 levels. We advise buying around 300-305 levels with strict stop loss 290 for the targets of 315-325. 2. RCOM [FUTURE] RCOM FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it sustains below 120 levels. We advise selling around 120 levels with strict stop loss 122 for the targets of 118-115. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. JINWORLD JINWORLD is looking strong on charts. We advise buying around 115-118 levels with strict stop loss of 108 for the targets of 125-135 levels. MACRO NEWS Results Today: HDFC, Titan, Vijaya Bank, Alembic, Clariant Chem, GATI, Gillette Ind, Gujarat Pipavav, JM Financial, Mahindra Holidays and Century Ply State-owned Canara Bank recorded 15.8% decline in net profit at Rs 610.83cr. for the fourth quarter ended March, 2014. It had a net profit of Rs 725.38cr. in the January- March quarter of 2012-13 fiscal. EC rejects Moily plea for a review of gas price hike defer- ral. Current account deficit likely to be around 2% of GDP: C Rangarajan . Helion Venture Partners invests Rs 27 crore in dental care firm Denty’s Shri Govindaraja Textiles to relocate operations in US, in- vest USD 40 million German car sales down by nearly 4% in April Moser Baer Solar crosses Rs 200 crore business in Japan. K M Birla to raise stake in Century Textiles. Credit Suisse in talks to pay $1.6 bn to resolve US tax probe.
  • 3. DAILY REPORT 06th MAY 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 6,500 153 69,025 41,22,950 NIFTY PE 6,400 120.25 60,077 40,26,000 NIFTY PE 6,700 234 54,257 21,36,550 BANKNIFTY PE 13,000 662 3,337 2,19,350 RELIANCE PE 880 18 1,017 1,49,500 AXISBANK PE 1,500 65.6 985 1,43,500 INFY PE 3,000 32 881 1,02,500 SBIN PE 2,000 96.6 798 1,17,750 MOST ACTIVE CALL OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 7,200 82 63,068 20,82,800 NIFTY CE 7,000 139.4 62,064 41,09,050 NIFTY CE 7,500 34.5 51,295 23,01,300 BANKNIFTY CE 13,500 421.9 4,733 2,28,675 RELIANCE CE 1,000 23.35 3,306 9,42,000 CENTURYTEX CE 400 19.6 1,940 1,51,000 ICICIBANK CE 1,300 54.4 1,610 6,83,000 DLF CE 160 4.05 1,444 23,48,000 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 47263 1582.98 44595 1496.99 266387 8919.80 85.99 INDEX OPTIONS 161599 5393.74 184555 6211.64 1415978 47364.11 -817.90 STOCK FUTURES 74107 2299.30 81754 2528.02 1241888 37913.59 -228.72 STOCK OPTIONS 25621 819.77 25753 826.25 47940 1473.49 -6.48 TOTAL -967.11 INDICES R2 R1 PIVOT S1 S2 NIFTY 6,767.55 6,733.45 6,706.95 6,672.85 6,646.35 BANK NIFTY 13,086.98 12,983.82 12,878.43 12,775.27 12,669.88 STOCKS IN NEWS NMDC cuts iron ore lumps prices by Rs 200 per tonne for May . Government to stop gas supply to Deepak Fertilizer . Sun Pharma under income tax department's scanner for 'misuse' of R&D expenses TVS Motor launches StaR City+ at Rs 44,000. Suzlon restructures FCCBs; eyes quarterly breakeven in FY15. Rel Cap writes once again to FMC on MCX divestment.. AstraZeneca to seek shareholder nod to delist shares . NIFTY FUTURE Nifty Future closed in the green in the last trading ses- sion. We advise buying around 6700-6720 levels with strict stop loss of 6650 for the targets of 6780-6800.
  • 4. DAILY REPORT 06th MAY 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER(JULY) ABOVE 42950 TGTS 43150/43450 SL 42600 SELL SILVER(JULY) BELOW 42300 TGTS 42100/41800 SL 42630 GOLD TRADING STRATEGY: BUY GOLD(JUN) ABOVE 29060 TGTS 29140/29240 SL 28950 SELL GOLD(JUN) BELOW 28770 TGTS 28690/28590 SL 28890 COMMODITY ROUNDUP Gold prices declined by Rs 30 to Rs 30,680 per 10 grams in the national capital yesterday on slackened demand at pre- vailing higher levels even as the metal extended gains in the overseas markets. On the other hand, silver held steady at Rs 42,700 per kg on scattered buying support from indus- trial units and coin makers. Fall in demand from retailers at current levels led to decline in gold prices but a firming trend overseas as escalating tension in Ukraine boosted de- mand for safe-haven, limited the downside. Globally, gold rose as much as 0.7% to $1,308.91 an ounce, the highest level since April 15 in Singapore. Zinc prices traded lower by 0.67% to 125.75 per kg in fu- tures trade yesterday after speculators trimmed positions, tracking a weak global trend. At the Multi Commodity Ex- change, zinc for delivery in July declined by 85 paise, or 0.67%, to Rs 125.75 per kg in business turnover of one lot. Likewise, the metal for delivery in the May contract sof- tened by 30 paise, or 0.25%, to Rs 121.95 per kg in 137 lots. The weakness in zinc at futures trade was mostly attributed to a weak trend in copper and other base metals in the global markets as the China manufacturing report added to signs of weakness in the world's second-biggest economy and after the Fed's stimulus cut. Amid a weak trend in the entire base metals pack overseas and subdued domestic demand, nickel traded 0.31% lower at Rs 1,104.70 per kg in futures trade yesteday as specula- tors reduced exposures. At the MCX nickel for delivery in May fell Rs 3.40, or 0.31%, to Rs 1,104.70 per kg in a busi- ness turnover of 603lots. The metal for delivery in June also down by Rs 3.10, or 0.28%, to Rs 1,110.30 per kg in a turn- over of five lots. The fall in nickel prices at futures trade was mostly in tandem with a weakening trend in the base met- als at the LME after manufacturing in April expanded less than estimated in China, the biggest consumer of metals. MCX Copper futures were trading with a mild positive bias amid a steady undertone in the global prices. Worries over the Chinese manufacturing growth yet again came to the forefront and COMEX Copper remained locked in a tight range amid subdued trading. The red metal is quoting at $3.0685 per pound, down slightly on the day. MCX Copper futures were trading at Rs 412.25 per kg, up Rs 0.70 per kg on the day with a massive rise of 11% in the open interest. COMMODITY MCX
  • 5. DAILY REPORT 06th MAY 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS DHANIYA BUY DHANIYA MAY ABOVE 9555 TGTS 9585,9635 SL 9515 SELL DHANIYA MAY BELOW 9490 TGTS 9470,9410 SL 9530 GUARSEED BUY GUARSEED MAY ABOVE 5530 TGTS 5560,5610 SL 5480 SELL GUARSEED MAY BELOW 5460 TGTS 5430,5380 SL 5500 NCDEX NCDEX INDICES Index Value % Change Castor Seed 3999 -2.18 Chana 3009 -1.18 Coriander 9522 +1.09 Cotton Seed Oilcake 1567 -0.06 Jeera 5500 -0.54 Maize– Feed/Industrial Grade 10710 +2.44 Mustard seed 3476 -0.54 Soy Bean 4768 +0.65 Turmeric 658 -0.69 NCDEX ROUNDUP Chinese policy causes a 25% fall in India's April cotton ex- ports. In the current cane-crushing season, sugar output has dropped 13% to 6.42 mn tonnes (mt) in U.P. With the crush- ing season about to end soon, it is expected the final data for production won’t see much change, as only a handful of the 119 sugar mills in the state are operational. During 2011 -12 and 2012-13, sugar production in the state stood at 6.97 mt and 7.4 mt, respectively. Meanwhile, sugarcane arrears for this season have touched Rs 7,925 crore, with the mills’ collective payment at about 55 per cent. At about Rs 7,600 crore, private mills lead the tally for the arrears, too. Wheat rose to the highest in more than a year, as violence in Ukraine spread to the country's main grain export port of Odessa, increasing concerns of supply disruption, and after drought and freezing weather damaged the US crop. Ukraine grain exports have dropped since the middle of April, Agritel wrote. Corn shipments were less than 200,000 tonnes in the past seven days, while wheat shipments "remained large" with 175,000 tonnes exported. Cardamom ended the day lower on profit booking. The MCX Cardamom May delivery ended the day at Rs 977, down Rs 11.80 or 1.19% from last close. Weather worries in the car- damom belts and export enquiries aided recent upside in the cardamom futures prices.
  • 6. DAILY REPORT 06th MAY 2014 YOUR MINTVISORY Call us at +91-731-6642300 EUR/INR BUY EUR/INR ABOVE 83.96 TGTS 84.10,84.25 SL 83.75. SELL EUR/INR BELOW 83.55 TGTS 83.41,83.26 SL 83.76. USD/INR BUY USD/INR ABOVE 60.55 TGTS 60.69,60.8500 SL 60.34. SELL USD/INR BELOW 60.17 TGTS 60.03,59.88 SL 60.38. CURRENCY ROUNDUP U.S. Treasuries fell on Monday after economic data sig- nalled unexpectedly strong growth in the U.S. services sec- tor, surrendering early gains made on a flight to safety spurred by tensions in Ukraine. The Reserve Bank of India said on Monday it accepted all 43 bids for 160.50 billion rupees at its one-day repo auction, through which it injects liquidity into the banking system. Indian banks' refinancing with RBI falls to 348.92 billion ru- pees. Indian banks' cash balances with RBI rise to 3.52 tril- lion rupees. The dollar was subdued in Asia on Tuesday, holding largely around where it began this week after an aimless session overnight with holidays in Japan and Britain crimping activ- ity in markets. The dollar got off to a cautious start having staged a curious reversal late last week that saw it erase all of the gains sparked by a strong payrolls report. Against the yen, the dollar was back at 102.20, having retreated from a near one -month peak of 103.03. The euro, which fell as low as USD 1.3812, recovered to USD 1.3874. The rupee on Monday failed to maintain initial gains and ended lower by five paise at 60.21 against the dollar on fag- end demand for the US currency from banks and importers. The Indian rupee opened with marginal gains of 7 paise at 60.09 per dollar versus 60.16 Friday. The rupee opened higher at 60.09 a dollar against last weekend's level of 60.16 at the Interbank Foreign Exchange market. It firmed up fur- ther to 60.00 per dollar on initial dollar selling from banks and exporters amid capital inflows into equity markets and weakness of the greenback overseas. However, fag-end dollar demand from banks and importers pulled the domes- tic currency to 60.21, a marginal loss of five paise from its previous close. The dollar index was quoted lower by 0.01 percent against the major currencies in the international markets. The initial gains were supported by the gains in other Asian currencies against the dollar overseas. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 60.0475 Yen-100 58.8800 Euro 83.3423 GBP 101.3181
  • 7. DAILY REPORT 06th MAY 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 05/05/14 MCX GOLD JUNE BUY 28910 28990-29090 28800 BOOKED PROFIT 05/05/14 MCX GOLD JUNE SELL 28770 28690-28590 28890 NOT EXECUTED 05/05/14 MCX SILVER JULY BUY 42630 42830-43120 42300 BOOKED PROFIT 05/05/14 MCX SILVER JULY SELL 41900 41700-41400 42310 NOT EXECUTED 05/05/14 NCDEX GUARSEED MAY BUY 5555 5585-5625 5505 BOOKED FULL PROFIT 05/05/14 NCDEX GUARSEED MAY SELL 5450 5420-5370 5500 NOT EXECUTED 05/05/14 NCDEX DHANIYA MAY BUY 9450 9480-9530 9400 BOOKED FULL PROFIT 05/05/14 NCDEX DHANIYA MAY SELL 9380 9350-9300 9430 NOT EXECUTED 05/05/14 JPY/INR MAY BUY 59.38 59.52-58.67 59.16 NOT EXECUTED 05/05/14 JPY/INR MAY SELL 58.90 58.76-58.61 59.12 NOT EXECUTED 05/05/14 GBP/INR MAY SELL 101.86 101.72-101.57 102.08 BOOKED PROFIT 05/05/14 GBP/INR MAY BUY 102.80 102.44-102.59 102.08 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 05/05/14 NIFTY FUTURE SELL 6750-6780 6720-6680 6800 BOOKED PROFIT 05/05/14 BATA INDIA FUTURE SELL 1000-1020 980-960 1040 CALL OPEN 05/05/14 APOLLO TYRE FUTURE BUY 165 169-174 160 CALL OPEN 05/05/14 AARTI DRUGS CASH BUY 400-450 430-450 380 NOT EXECUTED 30/04/14 HEXAWARE FUTURE SELL 150-155 145-140 160 CALL OPEN 16/04/14 TCS FUTURE BUY 2200-2240 2280-2300 2160 CALL OPEN
  • 8. DAILY REPORT 06th MAY 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, MAY 05 10 AM ISM NONMANUFACTURING APRIL 54.3% 53.1% TUESDAY, MAY 06 8:30 AM TRADE DEFICIT MARCH -$39.8 BLN -$42.3 BLN WEDNESDAY, MAY 07 8:30 AM PRODUCTIVITY 1Q -1.1% 1.8% 8:30 AM UNIT LABOR COSTS 1Q -- -0.1% 10 AM JANET YELLEN TESTIMONY 3 PM CONSUMER CREDIT MARCH -- $16.5 BLN THURSDAY, MAY 08 8:30 AM JOBLESS CLAIMS 5/3 330,000 344,000 FRIDAY, MAY 09 10 AM JOB OPENINGS MARCH -- 4.2 MLN 10 AM WHOLESALE INVENTORIES MARCH -- 0.5%