Special report by epic research 10 december 2013


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Special report by epic research 10 december 2013

  1. 1. DAILY REPORT 10th DECEMBER. 2013 Global markets at a glance Nikkei climbed 2.3% on Monday, its best one-day gain in three months, spurred by a slide in yen after an upbeat U.S. jobs report raised expectations Federal Reserve will soon begin removing its stimulus. This gain took Nikkei close to 6-month intraday high of 15,794.15. European stocks also rose in early trade after robust Chinese exports, which supported expectations of a global recovery. On Friday, data showed U.S. employers hired more workers than expected in Nov, driving jobless rate to a five-year low of 7.0%. But the better-than-expected jobs number was not robust enough to lead markets. World Indices Index Value % Change 16,025.53 +0.03 S&P 500 1,808.37 +0.18 NASDAQ EURO STO FTSE 100 4,068.75 2,988.67 6,559.48 +0.15 +0.29 +0.11 Nikkei 225 Hong Kong 15,592.07 23,734.77 -0.37 -0.32 DJl Top Gainers Company Wall Street Update Stocks on wall street finally edged higher on Monday, with the S&P 500 closing at a record high, as traders awaited more clues from the Federal Reserve. The Dow Jones industrial average rose 5.33 points or 0.03 percent, to finish at 16,025.53. The S&P 500 .SPX gained 3.28 points or 0.18 percent, to end at 1,808.37, a record closing high. The Nasdaq Composite added 6.23 points or 0.15 percent, to close at 4,068.751. Previous day Roundup After better-than-expected outcome in four state in favour of BJP, the market closed at record highs on Monday, supported by banks and capital goods stocks. The Nifty touched a record high of 6,415, before closing at 6363.90, up 104 points or 1.66% from Friday's value. The Sensex climbed 329.89 points or 1.57 percent to 21,326.42 after hitting an all-time high of 21,483.74, but the broader markets underperformed benchmarks. The BSE midcap and smallcap indices gained 0.4-0.5%. CMP Change % Chg DLF 165.2 +9.45 +6.07 SSLT 191.45 +9.15 +5.02 ACC 1,171.15 +55.20 +4.95 AMBUJACEM 193.55 +8.45 +4.57 ICICIBANK 1,194.8 +50.90 +4.45 CMP Change % Chg 266 385.5 851.65 420.1 -17.5 -3.25 -6.20 -2.60 -6.17 -0.84 -0.72 -0.62 Prev. Close Change %Chg AMARAJABAT 347.5 2.05 +0.59 BHARATFORG 315.15 12.1 +3.99 BIOCON 400.3 2.5 -0.62 CROMPGREAV 134.7 5.05 +3.9 131.15 3.45 +2.70 Prev. Close Change %Chg 171.4 170 6.30 1.55 -3.55 +0.92 CMP Change % Chg 6,363.9 21,326.42 +104 +329.89 +1.66 +1.57 Top Losers Company JINDALSTEL CIPLA LUPIN TATASTEEL Stocks at 52 Week’s high Symbol ESCORTS Index stats The Bankex and Bank Nifty both advanced 2.93% & 2.95% respectively. Among the sartorial indices all the sectors were up; Capital Goods [up 322.59pts], Oil & Gas [up 149.28pts], AUTO [up 168.76pts], PSU [up 104.73pts], Metals [up 86.95pts], FMCG [up 13.26pts, Realty [up 35.58pts], TECK [up 33.53pts], IT [up 45.08pts], Power [up 27.12pts], and Healthcare [up 16.28pts], the index slipped was Consumer Durables [down 6.47pts]. Stocks at 52 Week’s Low Symbol HERITGFOOD VIDEOIND Indian Indices Company NIFTY SENSEX YOUR MINTVISORY Call us at +91-731-6642300
  2. 2. DAILY REPORT 10th DECEMBER. 2013 EQUITY CASH & FUTURE STOCK RECOMMENDATIONS [FUTURE] 1. INDIA CEMENT STOCK RECOMMENDATION [CASH] 1. HIND PETRO INDIA CEMENT FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 63, We advise buying above 63 levels with strict stop loss 60 for the targets of 65-68 levels. HIND PETRO is looking strong on charts. We advise buying above 235 levels with strict stop loss of 230 for the targets of 240-250 levels. 2. DLF MACRO NEWS  Banks borrowed 14.1 bn rupees under MSF on Dec 6.  Shipping Corporation of India evaluates inland waterways business opportunity.  M&M will sign MoU with Tamil Nadu govt to set up an automotive and testing facility this month. The company is set to invest Rs 2000cr to revive the project.  Biyani to exit Capital Foods, sell 44% to European fund.  Andhra Pradesh split may yield large PSU investment. PSUs take up projects that would amount to about Rs 2 lakh crore in total. These PSUs include the Steel Authority of India Ltd, National Thermal Power Corporation, Indian Oil Corporation, Hindustan Petroleum Corporation Ltd, Airports Authority of India, Indian Railways and the National Highways Authority of India, among others.  Govt. to garner Rs 18,000cr from PSU disinvestment.  Reliance Industries Ltd is open to joining hands with Bharti Airtel Ltd for improving telecom network for 4G services in Punjab. DLF FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 165, We advise buying around 164-166 levels with strict stop loss of 160 for the targets of 170-174. YOUR MINTVISORY Call us at +91-731-6642300
  3. 3. DAILY REPORT FUTURE & OPTION 10th DECEMBER. 2013 STOCKS IN NEWS  Hewlett-Packard owned software firm Mphasis sales up 3.5%.  McNally Bharat Engineering gets Rs 210-cr order.  Coal Ministry to review decision to cancel licenses to Tata Sons, Jindal Steel.  Bharti Airtel to invest Rs 4,000 crore in Punjab.  Coal India Ltd to invest rs 7.6k-crore to develop Kusmunda mine.  United Bank of India seeks Rs 1,000 crore bailout to meet capitalization requirements MOST ACTIVE PUT OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY PE 6,300 66.00 2,78,175 31,19,200 NIFTY PE 6,200 40.00 2,53,587 53,24,400 NIFTY PE 6,100 24.15 2,27,828 43,55,500 BANK NIFTY PE 11,000 52.15 19,042 2,91,300 SBIN PE 1,800 21.40 3,344 2,97,250 ICICIBANK PE 1.100 9.70 2,497 13,96,750 RELIANCE PE 860 8.25 2,202 1,96,500 DLF PE 150 1.90 1,995 11,52,000 Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY FUTURE MOST ACTIVE CALL OPTION Symbol Option Type NIFTY CE 6,500 45.00 4,38,028 54,81,400 NIFTY CE 6,400 86.5 3,21,870 56,74,650 NIFTY CE 6,600 19.65 2,85,558 54,84,250 BANKNIFTY CE 12,500 127.25 33,407 2,58,250 SBIN CE 1,900 54.95 4,779 2,97,375 DLF CE 170 4.95 3,988 12,40,000 RELIANCE CE 900 11.5 3,393 6,15,500 ICICBANK CE 1,200 36.10 2,683 2,62,750 POWERGRID CE 95 2.85 2,602 78,02,000 Nifty Future closed in the red in the last trading session. We advise selling around 6420-6440 with strict stop loss of 6480 for the targets of 6380-6350 levels. FII DERIVATIVES STATISTICS BUY SELL OPEN INTEREST AT THE END OF THE DAY No. of Amount in No. of Amount in No. of Contracts Crores Contracts Crores Contracts Amount in Crores NET AMOUNT INDEX FUTURES 115501 3672.73 54371 1727.73 545059 17368.94 1945.00 INDEX OPTIONS 514879 16172.75 463099 14412.27 1724864 54751.21 1760.48 STOCK FUTURES 64698 1816.26 61007 1791.44 1137415 32309.80 24.82 STOCK OPTIONS 31203 891.52 31078 884.87 46041 1270.03 6.65 TOTAL 3736.95 INDICES NIFTY S2 S1 PIVOT R1 R2 6304.46 6334.18 6374.71 6404.43 6444.96 NIFTYJUNIOR 12473.45 12524.4 12597.55 12648.5 12721.65 BANK NIFTY 11881.06 11973.48 12099.71 12192.13 12318.36 YOUR MINTVISORY Call us at +91-731-6642300
  4. 4. DAILY REPORT 10th DECEMBER. 2013 COMMODITY MCX RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER ABOVE 44510 TGTS 44710/45010 SL 44210 SELL SILVER BELOW 43900 TGTS 43700/43400 SL 44200 COMMODITY ROUNDUP India gold imports may witness a sharp fall in 2014 continuing the trend in 2013 as government raised import tax in different stages to 10% and import tax on gold jewellery to 15% apart from imposing other controls on gold consumption. The World Gold Council's (WGC) third quarter report of 2013 showed a 32% decline in consumer demand at 148 tons compared to 310 tons in the second quarter of this year. Meanwhile, gold jewellery retailers and trade have reported lack of availability of gold resulting in increased smuggling through airports. India crude oil futures failed to record neither upward nor downward movement on Monday and the commodity prices were seen trading neutral to sideways. Copper edged down and recorded a down trend pressured by appreciation of Indian Rupee against US Dollar. Crude oil futures for December delivery on India's Multi Commodity Exchange (MCX) was seen trading with a loss of 0.15% at Rs.5972 per barrel as of 15.45 IST while MCX copper for February delivery was seen trading with a loss of 0.26% at Rs.445.15 per kilogram as of 15.47 IST on Monday. GOLD At the MCX silver for delivery in March next year fell by Rs 192, or 0.44%, to Rs 43,860 per kg in business turnover of 574 lots. On similar lines, the white metal for delivery in May next declined by Rs 183, or 0.41%, to Rs 44,730 per kg in business volume of 8 lots. A subdued trend in the global markets as investors assessed the probability of a reduction in monetary stimulus this month after the US added more workers than forecast in November, led the fall in silver prices at futures trade here. TRADING STRATEGY: BUY GOLD ABOVE 29120 TGTS 29200/29300 SL 29020 SELL GOLD BELOW 28910 TGTS 28830/28730 SL 29010 YOUR MINTVISORY In line with weakness in gold, investors continued to exit from gold exchange traded funds while equity funds witnessed growth in November. Gold prices moved down by 0.30% to Rs 28,868 per 10 gm in futures trade yesterday after participants offloaded partial positions, taking weak cues from the global market. At the MCX gold for delivery in February declined by Rs 86, or 0.30%, to Rs 28,868 per 10 gm in business turnover of 474 lots. Likewise, the metal for delivery in April shed Rs 76, or 0.27%, to Rs 28,397 per 10 gm in 15 lots. Call us at +91-731-6642300
  5. 5. DAILY REPORT 10th DECEMBER. 2013 NCDEX RECOMMENDATIONS CASTORSEED NCDEX INDICES Index Value % Change Barley 1382 -0.04 Castor Seed 4468 +0.68 Chana 2920 -0.54 Chilli 6740 -0.50 Coriander 7548 +2.61 Cotton Seed Oilcake 1425 -0.42 12550 +0.28 Mustard seed 3700 -0.91 Ref Soya Oil 709.6 +0.65 Turmeric 4974 +0.32 Jeera BUY CASTORSEED ABOVE 4500 TGTS 4530/4580 SL 4450 SELL CASTORSEED BELOW 4430 TGTS 4400/4350 SL 4480 DHANIYA NCDEX ROUNDUP According to The US Department of Agriculture India's rice output is likely to decline to 103 million tonnes in 2013-14 on crop damage and exports are also expected to be lower at 10 million tones. The outbound shipments are expected to decline to 10 million tonnes in the 2013-14 marketing year (October-September), from the estimated 10.9 million tonnes last year. Coriander prices rose by 2.63% to Rs 7,854 per quintal in futures trade yesterday as speculators enlarged their positions supported by rising demand in spot markets. At the NCDEX, coriander for January delivery gained Rs 201, or 2.63%, to Rs 7,854 per quintal with an open interest of 24,720 lots. Similarly, the spice for delivery in December traded higher by Rs 184, or 2.50%, to Rs 7,540 per quintal, with an open interest of 9,360 lots. BUY DHANIYA ABOVE 4490 TGTS 4520/4570 SL 4440 SELL DHANIYA BELOW 7470 TGTS 7440,7390 SL 7520 YOUR MINTVISORY Cardamom futures fell by 2.60% to Rs 616 per kg yesterday, as traders reduced their holdings amid sluggish spot demand. Besides, sufficient stocks holdings in the physical market also influenced cardamom prices. At the MCX, cardamom for December contract declined by Rs 16.50, or 2.60%, to Rs 616 per kg with a business turnover of 106 lots. Call us at +91-731-6642300
  6. 6. DAILY REPORT 10th DECEMBER. 2013 CURRENCY RBI Reference Rate Currency Rate Currency Rupee- $ 61.1785 Yen-100 Euro 83.8195 GBP EUR/INR Rate 59.3800 100..0146 CURRENCY ROUNDUP The euro rose to a near six-week high against the dollar and close to a five-year peak versus the yen on Monday, after strong U.S. payrolls data and Chinese trade figures bolstered risk appetite. USD/INR (SPOT) has given a gap down opening. The Indian rupee rose to a four-month high on Monday, boosted by record-high stock markets after the main opposition party, widely seen by investors as being more business friendly, swept three out of five key state elections held since last month. SELL EUR/INR BELOW 83.70 TGTS 83.56, 83.41 SL 84.10. BUY EUR/INR ABOVE 84.42 TGTS 84.62, 84.85 SL 84.02. JPY/INR The partially convertible rupee closed at 61.13/14 per dollar compared with 61.41/42 on Friday. The unit rose as high as 60.84 at open, its strongest since Aug. 12. Good dollar demand from importers including oil companies was seen at stronger rupee levels, limiting any further gains. Gains in other Asian currencies further aided the rupee. In the offshore non-deliverable forwards, the one-month contract was at 61.46, while the three-month was at 62.32. The euro has been gaining ground since the ECB last week refrained from following up November's surprise rate cut and said it has yet to come up with a detailed plan of which policy tools to use and when. SELL JPY/INR BELOW 59.01 TGTS 58.84, 58.68 SL 59.30. BUY JPY/INR ABOVE 60.35 TGTS 60.51, 60.74 SL 59.95. YOUR MINTVISORY The Japanese currency continues to be the funding currency of choice thanks to the BOJ's ultra-loose monetary policy and expectations of more easing next year when tax hikes kick in. The yen was down against the pound and down against the euro, with GBP/JPY up 0.83% and trading at 169.55 and EUR/JPY trading up 0.62% at 141.82. The dollar firmed against the yen on Monday after better-thanexpected U.S. jobs and consumer-sentiment reports cemented expectations for the Federal Reserve to begin tapering its monthly asset-purchasing program in the near future. In U.S. trading on Monday, USD/JPY was trading at 103.24, up 0.38%, up from a session low of 102.89 and off a high of 103.32. Call us at +91-731-6642300
  7. 7. DAILY REPORT 10th DECEMBER. 2013 CALL REPORT PERFORMANCE UPDATES Date Commodity/ Currency Contract Strategy Entry Level Target Stop Loss Remark FEB BUY 29100 29200-29350 29000 NOT EXECUTED MCX GOLD FEB SELL 28850 28750-28600 29000 SL TRIGGERED MCX SILVER MAR BUY 44500 44750-45050 44200 NOT EXECUTED 09/12/13 MCX SILVER MAR SELL 43850 43600-43300 44150 SL TRIGGERED 09/12/13 NCDEX CASTOR SEED JAN. SELL 4370 4340-4290 4420 NOT EXECUTED 09/12/13 NCDEX CASTOR SEED JAN. BUY 4480 4500-4520 4390 SL TRIGGERED 09/12/13 NCDEX DHANIYA DEC. BUY 7440 7470-7510 7380 BOOKED FULL PROFIT 09/12/13 NCDEX DHANIYA DEC. SELL 7300 7270-7220 7350 NOT EXECUTED 09/12/13 JPY/INR DEC. SELL 60.45 60.30-60.14 60.80 NOT EXECUTED 09/12/13 JPY/INR DEC. BUY 60.95 61.13-61.30 60.60 NOT EXECUTED 09/12/13 EUR/INR DEC. SELL 84.4 84.25-84.09 84.78 NOT EXECUTED 09/12/13 EURINR DEC. BUY 84.75 84.96-85.16 84.30 NOT EXECUTED 09/12/13 MCX GOLD 09/12/13 09/12/13 Date Scrip CASH/FUTURE Strategy Entry Level Target Stop Loss Remark 09/12/13 NIFTY FUTURE BUY 6270-6290 6320-6350 6250 NOT EXECUTED 09/12/13 AXIS BANK FUTURE BUY 1280-1290 1320-1340 1260 NOT EXECUTED 09/12/13 TATA POWER FUTURE BUY 87-88 90-92 85 NOT EXECUTED 09/12/13 HITACHI HOME CASH BUY 156 164-170 148 BOOKED FULL PROFIT US ECONOMIC REPORT TIME (ET) REPORT 7:30 am 10 am 10 am NFIB small business index Job openings Wholesale inventories 2 pm Federal budget 8:30 am 8:30 am 8:30 am 8:30 am 10 am Weekly jobless claims Retail sales Retail sales ex-autos Import price index Business inventories 8:30 am 8:30 am Producer price index Core PPI PERIOD ACTUAL TUESDAY, DEC. 10 Nov. Oct. Oct. WEDNESDAY, DEC. 11 Nov. THURSDAY, DEC. 12 12/7 Nov. Nov. Nov. Oct. FRIDAY, DEC. 13 Nov. Nov. CONSENSUSFORECAST PREVIOUS ---- 91.6 3.9 mln 0.4% -- -$172 bln N/A 0.3% 0.2% -0.8% 0.3% N/A 0.4% 0.2% -0.7% 0.6% 0.1% 0.1% -0.2% 0.2% Disclaimer 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 investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments 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 expressed 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. YOUR MINTVISORY Call us at +91-731-6642300