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DAILY REPORT
24
th
MARCH 2015
YOUR MINTVISORY Call us at +91-731-6642300
Global markets at a glance
An index of Asian shares erased its early gains on Tuesday
after a measure of Chinese factory activity unexpectedly
skidded to an 11-month low. The flash HSBC/Markit Pur-
chasing Managers' Index (PMI) dipped to 49.2 in March,
below the 50-point level. Economists polled by Reuters had
forecast a reading of 50.6, slightly weaker than February's
final PMI of 50.7. MSCI's broadest index of Asia-Pacific
shares outside Japan was down about 0.1 percent.
European shares slipped from multi-year highs on Monday,
with car stocks hurt by a rise in the euro and lingering wor-
ries over Greece leading investors to book profits. The
STOXX Europe 600 Autos Index, which has risen around 30
percent this year, underperformed. Volkswagen fell 3.4
percent while Peugeot declined 2.3 percent.
Wall Street Update
Stocks on U.S. equities markets fell slightly amid a weaken-
ing dollar, as late losses on Monday afternoon erased previ-
ous gains in morning trading. The Dow Jones Industrial Av-
erage dropped 11.61 points or 0.06% to 18,116.04, while
the NASDAQ Composite index retreated from near record
highs at the end of trading last week. The S&P 500 also fell
by less than 20 points on Monday, pushed down by lags in
the Financials, Health Care and Industrials sectors. The
NASDAQ, meanwhile, fell 15.45 or 0.31% to 5,010.97 amid
heavy losses among biotech stocks.
Previous day Roundup
The market continued its downtrend for the fourth con-
secutive session on Monday, dragged by banks and index
heavyweights like Reliance Industries & Infosys. Overall it
was a consolidation day for the market ahead of expiry of
March derivative contracts this week. The 50-share NSE
Nifty managed to hold the 8550 level amid consolidation,
down 20 points to 8550.90. The 30-share BSE Sensex
slipped 69.06 points to 28192.02. The broader markets un-
derperformed benchmarks; the BSE Midcap and Smallcap
indices were down 0.8 percent and 1.3%, respectively.
Index stats
The Market was very volatile in last session. The sartorial
indices performed as follow; Consumer Durables [down
93.02pts], Capital Goods [down 74.84pts], PSU [down
17.09pts], FMCG [down 21.75pts], Realty [down 1.14pts],
Power [up 1pts], Auto [up 13.77pts], Healthcare [down
31.38pts], IT [down 120.66pts], Metals [up 19.29pts], TECK
[down 55.20pts], Oil& Gas [down 59.59pts].
World Indices
Index Value % Change
D J l 18116.04 -0.06
S&P 500 2104.42 -0.17
NASDAQ 5010.97 -0.31
EURO STO 3699.04 -0.73
FTSE 100 7037.67 +0.22
Nikkei 225 19718.56 -0.18
Hong Kong 24432.91 -0.25
Top Gainers
Company CMP Change % Chg
HINDALCO 136.30 4.25 3.22
NTPC 150.00 4.50 3.09
GAIL 384.15 6.60 1.75
SSLT 190.80 2.95 1.57
M&M 1,182.05 16.75 1.44
Top Losers
Company CMP Change % Chg
JINDALSTEL 154.40 10.15 -6.17
BHEL 237.00 8.75 -3.56
TECHM 657.00 21.3 -3.14
CAIRN 218.80 6.60 -2.93
NMDC 128.05 3.30 -2.51
Stocks at 52 Week’s Low
Symbol Prev. Close Change %Chg
AMTEKAUTO 133.40 -10.65 -7.39
JSWSTEEL 920.00 -0.95 -0.10
MONNETISPA 52.70 -1.05 -1.95
NAHARSPING 85.25 -4.40 -4.91
RCOM 62.40 -0.65 -1.03
UCOBANK 65.10 -0.20 -0.31
Indian Indices
Company CMP Change % Chg
NIFTY 8550.90 -20.00 -0.23
SENSEX 29192.02 -69.06 -0.24
Stocks at 52 Week’s High
Symbol Prev. Close Change %Chg
ESSARPORTS 128.00 -9.05 -6.60
DAILY REPORT
24
th
MARCH 2015
YOUR MINTVISORY Call us at +91-731-6642300
STOCK RECOMMENDATIONS [FUTURE]
1. HINDALCO [FUTURE]
HINDALCO FUTURE is looking strong on charts, long build
up has been seen, we may see more upside, if it sustains
above 138 levels. We advise buying above 138 levels with
strict stop loss of 135 for the targets of 140-144 levels.
2. ICICIBANK [FUTURE]
ICICI BANK FUTURE is looking weak on charts, short build up
has been seen, we may see more downside, if it sustains
below 315 levels. We advise selling around 315-320 levels
with strict stop loss of 325 for the targets of 310-305 levels.
EQUITY CASH & FUTURE
STOCK RECOMMENDATION [CASH]
1. GEOMATRIC LTD. (CASH)
GEOMETRIC LTD is looking strong on charts, if it sustains
above 190 levels. We advise buying around 185-190 levels
with strict stop loss of 180 for the targets 195-200 levels.
MACRO NEWS
Spicejet reached an out of court settlement with an air-
craft lessor over default on aircraft rentals. Under the
said settlement agreement, the lessor has agreed to
withdraw the said court proceedings and deregisteration
process of aircraft subject to SpiceJet satisfying the
terms of settlement.
India will net a record 1 trillion rupees (USD 16 billion)
windfall from intense bidding for the country's latest
spectrum auctions, but at the cost of sharply higher
debts for telecoms operators and looming price hikes for
nearly 850 million mobile subscribers. Vodafone, Bharti
Airtel and Idea are fighting to retain existing licences in
contest, which is expected to conclude this week, while
also picking up badly-needed new spectrum in a process
GMR Holding ties up Rs 1,250cr for GMRInfra rights is-
sue.
Govt Mulls Scrapping Land Ordinance.
Delhi High Court: Issues Notice To Govt On JSPL Plea
w.r.t Cancellation Of Coal Blocks Restrains Govt From
Allotting Tara Coal Block To Coal India.
Govt Has Allotted Gare Palma IV/2 & 3 To Coal India
DAILY REPORT
24
th
MARCH 2015
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 8,600 58.95 10,47,776 44,40,400
NIFTY PE 8,500 19.5 9,47,680 54,48,325
NIFTY PE 8,400 4.85 5,25,390 46,20,925
BANKNIFTY PE 18,500 143.7 1,12,083 4,39,275
JINDALSTEEL PE 150 2.85 5,929 22,84,000
JINDALSTEEL PE 140 1.15 5,120 13,47,000
RELIANCE PE 840 6.25 4,168 4,46,750
AXISBANK PE 550 4.8 3,117 7,70,500
MOST ACTIVE CALL OPTION
Symbol Op-
tion
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Open
Interest
NIFTY CE 8,700 6.9 13,30,616 45,20,475
NIFTY CE 8,600 29.8 11,61,955 34,65,875
NIFTY CE 8,800 2.3 7,81,669 46,08,225
BANKNIFTY CE 19,000 17.25 1,32,335 5,60,700
RELINACE CE 860 3.05 6,097 7,06,000
JINDALSTEEL CE 150 7.35 5,763 18,34,000
JINDALSTEEL CE 160 2.75 5,701 11,08,000
SBIN CE 280 1.15 5,673 24,67,500
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 73408 1947.35 91369 2374.48 879334 20922.39 -427.13
INDEX OPTIONS 780665 19942.72 789483 20201.59 2423544 64449.43 -258.87
STOCK FUTURES 330141 9651.21 333653 9751.31 2036154 59727.97 -100.10
STOCK OPTIONS 68874 2057.41 71629 2140.40 110485 3250.63 -82.99
TOTAL -869.08
STOCKS IN NEWS
NTPC Simhadri unit in Vizag eyes capacity expansion
Jindal Stainless Co gets stock exchanges’ nod to rejig
biz – FinEx Plan includes demerger of subsidiaries &
listing on bourses.
Adani & JSW vie for Monnet Power - TOI Deal likely to
be worth `3100 Cr
SC Notice to Essar Over Alleged Corruption - ET SC asks
co to reply within 6 weeks
Dr Reddy's In Agreement With Hetro To Accelerate
Access To Hepatitis C Treatment Dr Reddy's Says Co
Will Distribute & Market Sofosbuvir Tablets In India
SEBI Passes order against Gammon India Promoter Ab-
hijit Rajan
NIFTY FUTURE
Nifty Future closed downside in the last trading session.
We advise selling around 8550-8540 with strict stop loss
8600 for the targets of 8490-8440
INDICES R2 R1 PIVOT S1 S2
NIFTY 8,634.40 8,592.65 8,566.60 8,524.85 8,498.80
BANK NIFTY 18,805.33 18,627.17 18,518.53 18,340.37 18,231.73
DAILY REPORT
24
th
MARCH 2015
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
GOLD
TRADING STRATEGY:
BUY GOLD APR ABOVE 26260 TGTS 26340,26440 SL BE-
LOW 26150
SELL GOLD APR BELOW 26100 TGTS 26020,25920 SL
ABOVE 26190
SILVER
TRADING STRATEGY:
BUY SILVER MAY ABOVE 38000 TGTS 38200,38500 SL BE-
LOW 37700
SELL SILVER MAY BELOW 37500 TGTS 37300,37000 SL
ABOVE 37800
COMMODITY ROUNDUP
MCX Crude oil futures corrected by more than 2% in intra-
day moves yesterday as the global prices eased after a
sharp up move in Friday’s trade. Asian equities are mostly
supportive but oil traders refused to enter more longs amid
continued worries over demand slow down. The commodity
slipped under $46 per barrel mark after Saudi oil minister
says OPEC won't cut output alone. The commodity had re-
covered last week amid mild weakness in US dollar but to-
day’s selloff indicates fragile undercurrents dominating sen-
timents for oil.
WTI Crude is currently quoting at $45.93 per barrel, down
64 cents per barrel on the day. MCX Crude oil futures
traded at Rs 2891 per barrel, down Rs 57 per barrel or1.93%
on the day. The global economic recovery remains fragile
because of significant risks . One such risk emanates from
the expected tightening of US monetary policy at a time
when most other countries are easing monetary conditions.
Silver prices fell sharply by Rs 318 to Rs 37,471 per kg in fu-
tures trade yesterday as speculators reduced their positions
amidst a weak global trend. At the Multi Commodity Ex-
change, silver for delivery in May moved down by Rs 318, or
0.84%, to Rs 37,471 per kg in a business turnover of 1,317
lots. Also, the white metal for delivery in July fell by Rs 312,
or 0.82%, to Rs 37,927 per kg in 76 lots. Besides profit-
booking by speculators, a weak global trend weighed on
silver prices at futures trade here. Meanwhile, silver fell by
0.21% to $16.69 an ounce in Singapore.
Gold prices rebounded by Rs 185 to Rs 26,500 per ten grams
at the bullion market here yesterday on revival of buying by
jewellers and retailers triggered by beginning of auspicious
'Navratras' festival and a firming global trend. Bullion mer-
chants said fresh buying by jewellers and retailers and firm-
ing global trend mainly boosted the prices.
Globally, gold rose by 1.3 per cent to $1,184.60 an ounce
and silver jumped 4.8 per cent to $16.88 an ounce, the big-
gest rise since December 9. In the national capital, gold of
99.9 and 99.5 per cent purity surged by Rs 185 each to Rs
26,500 and Rs 26,350 per ten grams respectively. The pre-
cious metal had shed Rs 60 yesterday.
DAILY REPORT
24
th
MARCH 2015
YOUR MINTVISORY Call us at +91-731-6642300
RECOMMENDATIONS
DHANIYA
BUY CORIANDER APRIL ABOVE 7670 TARGET 7695 7735 SL
BELOW 7645
SELL CORIANDER APRIL BELOW 7540 TARGET 7515 7475 SL
ABOVE 7565
GUARSGUM
BUY GUARGUM APRIL ABOVE 8360 TARGET 8410 8470 SL
BELOW 8300
SELL GUARGUM APRIL BELOW 8320 TARGET 8270 8210 SL
ABOVE 8380
NCDEX
NCDEX ROUNDUP
In order to develop the prospect of onion and other perish-
able commodities like vegetables in the domestic and inter-
national market, the ministry is proposing to set up special
commodity markets with processing units for perishable
vegetables. These commodity markets will be developed
through the state APMCs by providing special incentives
and subsidies by ministry of agriculture.
Selling intensified in maize futures due to strong rabi pro-
duction coupled with steady global coarse production esti-
mates for the current year. The NCDEX futures declined by
1.50 percent yesterday. The prices were also pressurized by
strong supplies of maize in Andhra Pradesh and Karnataka
mandies. The sources suggested that total arrivals of 1-1.20
lakh bags have been reported daily in local mandies. The
new supplies are likely to gain momentum on strong sup-
plies from Bihar. The NCDEX April Maize futures declined by
1.50 percent in the last trading to close at Rs 1245 per quin-
tal. The NCDEX futures reduced 23.50 percent in open inter-
est indicating fresh selling by traders.
Sugar prices fell by 0.62% to Rs 2,414 per quintal in futures
trading yesterday as speculators indulged in reducing their
positions amid higher supplies in spot markets. Besides, re-
ports of higher output in this marketing year kept pressure
on prices. At NCDEX sugar for delivery in July drifted by Rs
15, or 0.62%, to Rs 2,414 per quintal with an OI of 8,750
lots. In a similar fashion, the sweetener for delivery in May
shed Rs 2, or 0.08%, to Rs 2,358 per quintal in 4,890 lots.
NCDEX INDICES
Index Value % Change
CAETOR SEED 3688 +0.05
CHANA 3637 +0.72
CORIANDER 7620 -1.59
COTTON SEED 1607 +1.97
GUAR SEED 3684 -1.42
JEERA 14320 -1.98
MUSTARDSEED 3381 -0.50
SOY BEAN 3369 +0.72
TURMERIC 8146 +3.22
DAILY REPORT
24
th
MARCH 2015
YOUR MINTVISORY Call us at +91-731-6642300
USD/INR
BUY USDINR MARCH ABOVE 62.41 TGT 62.54 ,62.69 SL 62.26
SELL USDINR MARCH BELOW 62.33 TGT 62.20,62.05 SL 62.48
EUR/INR
BUY EURINR MARCH ABOVE 68.10 TGT 68.30,68.50 SL 67.90
SELL EURINR MARCH BELOW 67.60 TGT 67.40,67.20 SL 67.80
CURRENCY MARKET UPDATES:
The U.S. dollar edged slightly higher on the day, but still re-
mained well off its recent highs as investors bet that the
U.S. Federal Reserve will stay its hand on hiking interest
rates in the months ahead. The dollar plunged last week
after Fed cut its inflation outlook and its growth forecast.
The market consensus is that the Fed will hold off raising
rates until at least Sept, rendering short-term directional
bets difficult to make. The dollar index edged up about 0.2
percent to 97.179, but remained below its 12-year peak of
100.390 struck on March 13. The dollar was up 0.1 percent
on the day against its Japanese counterpart at 119.80 yen,
but remained well below Friday's session high of 121.20 and
levels above 122 yen touched earlier this month.
The euro stood at $1.0923, down about 0.2 percent from
the previous session but still well above a 12-year nadir of
$1.0457 plumbed last week before the Fed's statement. The
euro got a lift against the dollar on Monday after European
Central Bank President said he expected consumer prices to
rise gradually by the end of the year even if they might re-
main very low or negative in the months ahead.
The rupee ended stronger at 62.2675/2775 per dollar ver-
sus its Friday's close of 62.4575/4675, tracking weakness in
dollar.
The benchmark 10-year bond yield ended up 1 basis point
at 7.76 percent ahead of the release of government's mar-
ket borrowing calendar for April-September. The govern-
ment will borrow 3.60 trillion rupees ($57.83 billion) in the
first-half of the fiscal year that begins in April. The bench-
mark five-year swap rate ended 1 bp down at 7.00 percent,
while the one-year rate closed up 1 bp at 7.54 percent. In-
dia's cash rate ended at 6.90/7.00 percent, against Friday's
close of 7.80/7.90 percent.
RBI Reference Rate
Currency Rate Currency Rate
Rupee- $ 62.8215 Yen-100 51.8400
Euro 66.1699 GBP 92.8250
MCX COMMODITIES & CURRENCY
DAILY REPORT
24
th
MARCH 2015
YOUR MINTVISORY Call us at +91-731-6642300
CALL REPORT
PERFORMANCE UPDATES
Date
Commodity/ Currency
Pairs
Contract Strategy Entry Level Target Stop Loss Remark
23/03/15 NCDEX GUARGUM APR. BUY 8330 8380-8440 8270 BOOKED FULL PROFIT
23/03/15 NCDEX GUARGUM APR. SELL 7980 7930-7870 8040 NOT EXECUTED
23/03/15 NCDEX DHANIYA APR. BUY 7850 7910-7980 7810 NOT EXECUTED
23/03/15 NCDEX DHANIYA APR. SELL 7680 7620-7550 7720 BOOKED FULL PROFIT
23/03/15 MCX GOLD APR. BUY 26200 26280-26380 26110 NOT EXECUTED
23/03/15 MCX GOLD APR. SELL 26050 25970-25890 26140 NOT EXECUTED
23/03/15 MCX SILVER MAR. BUY 37900 38200-38500 37600 NOT EXECUTED
23/03/15 MCX SILVER MAR. SELL 37350 37150-36850 37650 SL TRIGGERED
23/03/15 USD/INR MAR. BUY 62.60 62.73-62.88 62.45 NOT EXECUTED
23/03/15 USD/INR MAR. SELL 62.50 62.37-62.22 62.65 BOOKED PROFIT
23/03/15 JPY/INR MAR. BUY 51.70 51.85-52.00 51.55 NOT EXECUTED
23/03/15 JPY/INR MAR. SELL 51.60 51.45-51.30 51.75 NOT EXECUTED
Date Scrip
CASH/
FUTURE/
OPTION
Strategy Entry Level Target Stop Loss Remark
23/03/15 NIFTY FUTURE SELL 8580-8570 8530-8480 8630 CALL OPEN
23/03/15 JUBILANT FOOD FUTURE BUY 1590-1600 1640-1680 1550 CALL OPEN
23/03/15 DLF FUTURE SELL 160-162 157-155 165 BOOKED PROFIT
23/03/15 SPARC CASH SELL 480-40 455-430 500 CALL OPEN
20/03/15 NIFTY FUTURE SELL 8610-8600 8550-8500 8660 BOOKED PROFIT
20/03/15 INDIAN HOTEL CASH BUY 110-108 113-115 105 SL TRIGGERED
DAILY REPORT
24
th
MARCH 2015
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
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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 REPORT PERIOD ACTUAL
CONSENSUS
FORECAST
PREVIOUS
MONDAY, MARCH 23
8:30 AM CHICAGO FED NATIONAL ACTIVITY INDEX FEB. -- 0.33 3-MO.
10 AM EXISTING HOME SALES FEB. 4.96 MLN 4.82 MLN
TUESDAY, MARCH 24
8:30 AM CONSUMER PRICE INDEX FEB. 0.2% -0,7%
8:30 AM CORE CPI FEB. 0.1% 0.2%
9 AM FHFA HOME PRICE INDEX JAN. --
9:45 AM MARKIT PMI FLASH MARCH -- 55.1
10 AM NEW HOME SALES FEB. 469,000 481,000
WEDNESDAY, MARCH 25
8:30 AM DURABLE GOODS ORDERS FEB. 0.1% 2.8%
THURSDAY, MARCH 26
8:30 AM WEEKLY JOBLESS CLAIMS
MARCH
21
N/A N/A
FRIDAY, MARCH 27
8:30 AM GDP 4Q 2.3% 2.2%
9:55 AM CONSUMER SENTIMENT MARCH N/A 91.2

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Epic research daily special report 24 march 2015

  • 1. DAILY REPORT 24 th MARCH 2015 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance An index of Asian shares erased its early gains on Tuesday after a measure of Chinese factory activity unexpectedly skidded to an 11-month low. The flash HSBC/Markit Pur- chasing Managers' Index (PMI) dipped to 49.2 in March, below the 50-point level. Economists polled by Reuters had forecast a reading of 50.6, slightly weaker than February's final PMI of 50.7. MSCI's broadest index of Asia-Pacific shares outside Japan was down about 0.1 percent. European shares slipped from multi-year highs on Monday, with car stocks hurt by a rise in the euro and lingering wor- ries over Greece leading investors to book profits. The STOXX Europe 600 Autos Index, which has risen around 30 percent this year, underperformed. Volkswagen fell 3.4 percent while Peugeot declined 2.3 percent. Wall Street Update Stocks on U.S. equities markets fell slightly amid a weaken- ing dollar, as late losses on Monday afternoon erased previ- ous gains in morning trading. The Dow Jones Industrial Av- erage dropped 11.61 points or 0.06% to 18,116.04, while the NASDAQ Composite index retreated from near record highs at the end of trading last week. The S&P 500 also fell by less than 20 points on Monday, pushed down by lags in the Financials, Health Care and Industrials sectors. The NASDAQ, meanwhile, fell 15.45 or 0.31% to 5,010.97 amid heavy losses among biotech stocks. Previous day Roundup The market continued its downtrend for the fourth con- secutive session on Monday, dragged by banks and index heavyweights like Reliance Industries & Infosys. Overall it was a consolidation day for the market ahead of expiry of March derivative contracts this week. The 50-share NSE Nifty managed to hold the 8550 level amid consolidation, down 20 points to 8550.90. The 30-share BSE Sensex slipped 69.06 points to 28192.02. The broader markets un- derperformed benchmarks; the BSE Midcap and Smallcap indices were down 0.8 percent and 1.3%, respectively. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 93.02pts], Capital Goods [down 74.84pts], PSU [down 17.09pts], FMCG [down 21.75pts], Realty [down 1.14pts], Power [up 1pts], Auto [up 13.77pts], Healthcare [down 31.38pts], IT [down 120.66pts], Metals [up 19.29pts], TECK [down 55.20pts], Oil& Gas [down 59.59pts]. World Indices Index Value % Change D J l 18116.04 -0.06 S&P 500 2104.42 -0.17 NASDAQ 5010.97 -0.31 EURO STO 3699.04 -0.73 FTSE 100 7037.67 +0.22 Nikkei 225 19718.56 -0.18 Hong Kong 24432.91 -0.25 Top Gainers Company CMP Change % Chg HINDALCO 136.30 4.25 3.22 NTPC 150.00 4.50 3.09 GAIL 384.15 6.60 1.75 SSLT 190.80 2.95 1.57 M&M 1,182.05 16.75 1.44 Top Losers Company CMP Change % Chg JINDALSTEL 154.40 10.15 -6.17 BHEL 237.00 8.75 -3.56 TECHM 657.00 21.3 -3.14 CAIRN 218.80 6.60 -2.93 NMDC 128.05 3.30 -2.51 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg AMTEKAUTO 133.40 -10.65 -7.39 JSWSTEEL 920.00 -0.95 -0.10 MONNETISPA 52.70 -1.05 -1.95 NAHARSPING 85.25 -4.40 -4.91 RCOM 62.40 -0.65 -1.03 UCOBANK 65.10 -0.20 -0.31 Indian Indices Company CMP Change % Chg NIFTY 8550.90 -20.00 -0.23 SENSEX 29192.02 -69.06 -0.24 Stocks at 52 Week’s High Symbol Prev. Close Change %Chg ESSARPORTS 128.00 -9.05 -6.60
  • 2. DAILY REPORT 24 th MARCH 2015 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1. HINDALCO [FUTURE] HINDALCO FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 138 levels. We advise buying above 138 levels with strict stop loss of 135 for the targets of 140-144 levels. 2. ICICIBANK [FUTURE] ICICI BANK FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it sustains below 315 levels. We advise selling around 315-320 levels with strict stop loss of 325 for the targets of 310-305 levels. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. GEOMATRIC LTD. (CASH) GEOMETRIC LTD is looking strong on charts, if it sustains above 190 levels. We advise buying around 185-190 levels with strict stop loss of 180 for the targets 195-200 levels. MACRO NEWS Spicejet reached an out of court settlement with an air- craft lessor over default on aircraft rentals. Under the said settlement agreement, the lessor has agreed to withdraw the said court proceedings and deregisteration process of aircraft subject to SpiceJet satisfying the terms of settlement. India will net a record 1 trillion rupees (USD 16 billion) windfall from intense bidding for the country's latest spectrum auctions, but at the cost of sharply higher debts for telecoms operators and looming price hikes for nearly 850 million mobile subscribers. Vodafone, Bharti Airtel and Idea are fighting to retain existing licences in contest, which is expected to conclude this week, while also picking up badly-needed new spectrum in a process GMR Holding ties up Rs 1,250cr for GMRInfra rights is- sue. Govt Mulls Scrapping Land Ordinance. Delhi High Court: Issues Notice To Govt On JSPL Plea w.r.t Cancellation Of Coal Blocks Restrains Govt From Allotting Tara Coal Block To Coal India. Govt Has Allotted Gare Palma IV/2 & 3 To Coal India
  • 3. DAILY REPORT 24 th MARCH 2015 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 8,600 58.95 10,47,776 44,40,400 NIFTY PE 8,500 19.5 9,47,680 54,48,325 NIFTY PE 8,400 4.85 5,25,390 46,20,925 BANKNIFTY PE 18,500 143.7 1,12,083 4,39,275 JINDALSTEEL PE 150 2.85 5,929 22,84,000 JINDALSTEEL PE 140 1.15 5,120 13,47,000 RELIANCE PE 840 6.25 4,168 4,46,750 AXISBANK PE 550 4.8 3,117 7,70,500 MOST ACTIVE CALL OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 8,700 6.9 13,30,616 45,20,475 NIFTY CE 8,600 29.8 11,61,955 34,65,875 NIFTY CE 8,800 2.3 7,81,669 46,08,225 BANKNIFTY CE 19,000 17.25 1,32,335 5,60,700 RELINACE CE 860 3.05 6,097 7,06,000 JINDALSTEEL CE 150 7.35 5,763 18,34,000 JINDALSTEEL CE 160 2.75 5,701 11,08,000 SBIN CE 280 1.15 5,673 24,67,500 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 73408 1947.35 91369 2374.48 879334 20922.39 -427.13 INDEX OPTIONS 780665 19942.72 789483 20201.59 2423544 64449.43 -258.87 STOCK FUTURES 330141 9651.21 333653 9751.31 2036154 59727.97 -100.10 STOCK OPTIONS 68874 2057.41 71629 2140.40 110485 3250.63 -82.99 TOTAL -869.08 STOCKS IN NEWS NTPC Simhadri unit in Vizag eyes capacity expansion Jindal Stainless Co gets stock exchanges’ nod to rejig biz – FinEx Plan includes demerger of subsidiaries & listing on bourses. Adani & JSW vie for Monnet Power - TOI Deal likely to be worth `3100 Cr SC Notice to Essar Over Alleged Corruption - ET SC asks co to reply within 6 weeks Dr Reddy's In Agreement With Hetro To Accelerate Access To Hepatitis C Treatment Dr Reddy's Says Co Will Distribute & Market Sofosbuvir Tablets In India SEBI Passes order against Gammon India Promoter Ab- hijit Rajan NIFTY FUTURE Nifty Future closed downside in the last trading session. We advise selling around 8550-8540 with strict stop loss 8600 for the targets of 8490-8440 INDICES R2 R1 PIVOT S1 S2 NIFTY 8,634.40 8,592.65 8,566.60 8,524.85 8,498.80 BANK NIFTY 18,805.33 18,627.17 18,518.53 18,340.37 18,231.73
  • 4. DAILY REPORT 24 th MARCH 2015 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS GOLD TRADING STRATEGY: BUY GOLD APR ABOVE 26260 TGTS 26340,26440 SL BE- LOW 26150 SELL GOLD APR BELOW 26100 TGTS 26020,25920 SL ABOVE 26190 SILVER TRADING STRATEGY: BUY SILVER MAY ABOVE 38000 TGTS 38200,38500 SL BE- LOW 37700 SELL SILVER MAY BELOW 37500 TGTS 37300,37000 SL ABOVE 37800 COMMODITY ROUNDUP MCX Crude oil futures corrected by more than 2% in intra- day moves yesterday as the global prices eased after a sharp up move in Friday’s trade. Asian equities are mostly supportive but oil traders refused to enter more longs amid continued worries over demand slow down. The commodity slipped under $46 per barrel mark after Saudi oil minister says OPEC won't cut output alone. The commodity had re- covered last week amid mild weakness in US dollar but to- day’s selloff indicates fragile undercurrents dominating sen- timents for oil. WTI Crude is currently quoting at $45.93 per barrel, down 64 cents per barrel on the day. MCX Crude oil futures traded at Rs 2891 per barrel, down Rs 57 per barrel or1.93% on the day. The global economic recovery remains fragile because of significant risks . One such risk emanates from the expected tightening of US monetary policy at a time when most other countries are easing monetary conditions. Silver prices fell sharply by Rs 318 to Rs 37,471 per kg in fu- tures trade yesterday as speculators reduced their positions amidst a weak global trend. At the Multi Commodity Ex- change, silver for delivery in May moved down by Rs 318, or 0.84%, to Rs 37,471 per kg in a business turnover of 1,317 lots. Also, the white metal for delivery in July fell by Rs 312, or 0.82%, to Rs 37,927 per kg in 76 lots. Besides profit- booking by speculators, a weak global trend weighed on silver prices at futures trade here. Meanwhile, silver fell by 0.21% to $16.69 an ounce in Singapore. Gold prices rebounded by Rs 185 to Rs 26,500 per ten grams at the bullion market here yesterday on revival of buying by jewellers and retailers triggered by beginning of auspicious 'Navratras' festival and a firming global trend. Bullion mer- chants said fresh buying by jewellers and retailers and firm- ing global trend mainly boosted the prices. Globally, gold rose by 1.3 per cent to $1,184.60 an ounce and silver jumped 4.8 per cent to $16.88 an ounce, the big- gest rise since December 9. In the national capital, gold of 99.9 and 99.5 per cent purity surged by Rs 185 each to Rs 26,500 and Rs 26,350 per ten grams respectively. The pre- cious metal had shed Rs 60 yesterday.
  • 5. DAILY REPORT 24 th MARCH 2015 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS DHANIYA BUY CORIANDER APRIL ABOVE 7670 TARGET 7695 7735 SL BELOW 7645 SELL CORIANDER APRIL BELOW 7540 TARGET 7515 7475 SL ABOVE 7565 GUARSGUM BUY GUARGUM APRIL ABOVE 8360 TARGET 8410 8470 SL BELOW 8300 SELL GUARGUM APRIL BELOW 8320 TARGET 8270 8210 SL ABOVE 8380 NCDEX NCDEX ROUNDUP In order to develop the prospect of onion and other perish- able commodities like vegetables in the domestic and inter- national market, the ministry is proposing to set up special commodity markets with processing units for perishable vegetables. These commodity markets will be developed through the state APMCs by providing special incentives and subsidies by ministry of agriculture. Selling intensified in maize futures due to strong rabi pro- duction coupled with steady global coarse production esti- mates for the current year. The NCDEX futures declined by 1.50 percent yesterday. The prices were also pressurized by strong supplies of maize in Andhra Pradesh and Karnataka mandies. The sources suggested that total arrivals of 1-1.20 lakh bags have been reported daily in local mandies. The new supplies are likely to gain momentum on strong sup- plies from Bihar. The NCDEX April Maize futures declined by 1.50 percent in the last trading to close at Rs 1245 per quin- tal. The NCDEX futures reduced 23.50 percent in open inter- est indicating fresh selling by traders. Sugar prices fell by 0.62% to Rs 2,414 per quintal in futures trading yesterday as speculators indulged in reducing their positions amid higher supplies in spot markets. Besides, re- ports of higher output in this marketing year kept pressure on prices. At NCDEX sugar for delivery in July drifted by Rs 15, or 0.62%, to Rs 2,414 per quintal with an OI of 8,750 lots. In a similar fashion, the sweetener for delivery in May shed Rs 2, or 0.08%, to Rs 2,358 per quintal in 4,890 lots. NCDEX INDICES Index Value % Change CAETOR SEED 3688 +0.05 CHANA 3637 +0.72 CORIANDER 7620 -1.59 COTTON SEED 1607 +1.97 GUAR SEED 3684 -1.42 JEERA 14320 -1.98 MUSTARDSEED 3381 -0.50 SOY BEAN 3369 +0.72 TURMERIC 8146 +3.22
  • 6. DAILY REPORT 24 th MARCH 2015 YOUR MINTVISORY Call us at +91-731-6642300 USD/INR BUY USDINR MARCH ABOVE 62.41 TGT 62.54 ,62.69 SL 62.26 SELL USDINR MARCH BELOW 62.33 TGT 62.20,62.05 SL 62.48 EUR/INR BUY EURINR MARCH ABOVE 68.10 TGT 68.30,68.50 SL 67.90 SELL EURINR MARCH BELOW 67.60 TGT 67.40,67.20 SL 67.80 CURRENCY MARKET UPDATES: The U.S. dollar edged slightly higher on the day, but still re- mained well off its recent highs as investors bet that the U.S. Federal Reserve will stay its hand on hiking interest rates in the months ahead. The dollar plunged last week after Fed cut its inflation outlook and its growth forecast. The market consensus is that the Fed will hold off raising rates until at least Sept, rendering short-term directional bets difficult to make. The dollar index edged up about 0.2 percent to 97.179, but remained below its 12-year peak of 100.390 struck on March 13. The dollar was up 0.1 percent on the day against its Japanese counterpart at 119.80 yen, but remained well below Friday's session high of 121.20 and levels above 122 yen touched earlier this month. The euro stood at $1.0923, down about 0.2 percent from the previous session but still well above a 12-year nadir of $1.0457 plumbed last week before the Fed's statement. The euro got a lift against the dollar on Monday after European Central Bank President said he expected consumer prices to rise gradually by the end of the year even if they might re- main very low or negative in the months ahead. The rupee ended stronger at 62.2675/2775 per dollar ver- sus its Friday's close of 62.4575/4675, tracking weakness in dollar. The benchmark 10-year bond yield ended up 1 basis point at 7.76 percent ahead of the release of government's mar- ket borrowing calendar for April-September. The govern- ment will borrow 3.60 trillion rupees ($57.83 billion) in the first-half of the fiscal year that begins in April. The bench- mark five-year swap rate ended 1 bp down at 7.00 percent, while the one-year rate closed up 1 bp at 7.54 percent. In- dia's cash rate ended at 6.90/7.00 percent, against Friday's close of 7.80/7.90 percent. RBI Reference Rate Currency Rate Currency Rate Rupee- $ 62.8215 Yen-100 51.8400 Euro 66.1699 GBP 92.8250 MCX COMMODITIES & CURRENCY
  • 7. DAILY REPORT 24 th MARCH 2015 YOUR MINTVISORY Call us at +91-731-6642300 CALL REPORT PERFORMANCE UPDATES Date Commodity/ Currency Pairs Contract Strategy Entry Level Target Stop Loss Remark 23/03/15 NCDEX GUARGUM APR. BUY 8330 8380-8440 8270 BOOKED FULL PROFIT 23/03/15 NCDEX GUARGUM APR. SELL 7980 7930-7870 8040 NOT EXECUTED 23/03/15 NCDEX DHANIYA APR. BUY 7850 7910-7980 7810 NOT EXECUTED 23/03/15 NCDEX DHANIYA APR. SELL 7680 7620-7550 7720 BOOKED FULL PROFIT 23/03/15 MCX GOLD APR. BUY 26200 26280-26380 26110 NOT EXECUTED 23/03/15 MCX GOLD APR. SELL 26050 25970-25890 26140 NOT EXECUTED 23/03/15 MCX SILVER MAR. BUY 37900 38200-38500 37600 NOT EXECUTED 23/03/15 MCX SILVER MAR. SELL 37350 37150-36850 37650 SL TRIGGERED 23/03/15 USD/INR MAR. BUY 62.60 62.73-62.88 62.45 NOT EXECUTED 23/03/15 USD/INR MAR. SELL 62.50 62.37-62.22 62.65 BOOKED PROFIT 23/03/15 JPY/INR MAR. BUY 51.70 51.85-52.00 51.55 NOT EXECUTED 23/03/15 JPY/INR MAR. SELL 51.60 51.45-51.30 51.75 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 23/03/15 NIFTY FUTURE SELL 8580-8570 8530-8480 8630 CALL OPEN 23/03/15 JUBILANT FOOD FUTURE BUY 1590-1600 1640-1680 1550 CALL OPEN 23/03/15 DLF FUTURE SELL 160-162 157-155 165 BOOKED PROFIT 23/03/15 SPARC CASH SELL 480-40 455-430 500 CALL OPEN 20/03/15 NIFTY FUTURE SELL 8610-8600 8550-8500 8660 BOOKED PROFIT 20/03/15 INDIAN HOTEL CASH BUY 110-108 113-115 105 SL TRIGGERED
  • 8. DAILY REPORT 24 th MARCH 2015 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 REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS MONDAY, MARCH 23 8:30 AM CHICAGO FED NATIONAL ACTIVITY INDEX FEB. -- 0.33 3-MO. 10 AM EXISTING HOME SALES FEB. 4.96 MLN 4.82 MLN TUESDAY, MARCH 24 8:30 AM CONSUMER PRICE INDEX FEB. 0.2% -0,7% 8:30 AM CORE CPI FEB. 0.1% 0.2% 9 AM FHFA HOME PRICE INDEX JAN. -- 9:45 AM MARKIT PMI FLASH MARCH -- 55.1 10 AM NEW HOME SALES FEB. 469,000 481,000 WEDNESDAY, MARCH 25 8:30 AM DURABLE GOODS ORDERS FEB. 0.1% 2.8% THURSDAY, MARCH 26 8:30 AM WEEKLY JOBLESS CLAIMS MARCH 21 N/A N/A FRIDAY, MARCH 27 8:30 AM GDP 4Q 2.3% 2.2% 9:55 AM CONSUMER SENTIMENT MARCH N/A 91.2