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Special report by epic research 12 december 2013


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Epic Research is India's leading investment advisory firm; we offer best tips and recommendations for stock, commodity, share, equity and forex market investors. Call-07316642300

Epic Research is India's leading investment advisory firm; we offer best tips and recommendations for stock, commodity, share, equity and forex market investors. Call-07316642300

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  • 1. DAILY REPORT 12th DECEMBER. 2013 Global markets at a glance Asian shares slipped to a four-week low on Thursday on heightened expectations the Federal Reserve may act sooner than later to unwind its stimulus after a provisional budget deal in Washington eased some of the fiscal drag on the U.S. economy. In Tokyo, the benchmark Nikkei shed 1.1 percent, extending declines into a third day. European shares eased in late trade on Wednesday, The FTSEurofirst 300 was down 0.5% at 1,256.32 points at the close, having given up earlier gains after Wall Street opened lower. The EuroSTOXX 50 has dropped 4.5% in Dec World Indices Index Value % Change 15,843.53 -0.81 S&P 500 7,782.22 -1.13 NASDAQ EURO STO FTSE 100 4,003.81 2,947.31 6,507.72 -1.40 -0.46 -0.24 Nikkei 225 Hong Kong 15,289.25 23,296.62 -1.46 -0.18 DJl Top Gainers Company The Dow Jones industrial average fell 129.60 points or 0.81 percent, to end at 15,843.53. The S&P 500 slid 20.40 points or 1.13 percent, to close at 1,782.22. The Nasdaq Composite dropped 56.677 points or 1.4 percent, to finish at 4,003.813. Wall Street Update U.S. stocks posted their biggest drop in a month, with the Standard & Poor's 500 .SPX down 1.1 percent, as traders locked in recent gains after Congress announced the provisional budget deal. Previous day Roundup Indian shares fell on Wednesday, continuing to retreat from record highs at the start of the week, as investors took profits in blue chips ahead of inflation data. The benchmark BSE index fell 0.39 percent, or 83.85 points, to end at 21,171.41, retreating further from a record high of 21,483.74 hit on Monday. The broader NSE index fell or 0.39 percent, or 24.95 points, to end at 6,307.90, lower than its record high of 6,415.25, also on Monday. Index stats The Bankex and Bank Nifty both declined 0.38% & 0.58% respectively. Among the sartorial indices all the sectors were down; Capital Goods [down 143.29pts], Oil & Gas [up pts], AUTO [down 130.92pts], PSU [down 51.03pts], Consumer Durables [down 31.90pts], Metals [down 61.92pts], Realty [down 7.48pts], TECK [down 20.10pts], IT [down 23.25pts], Power [down 3.98pts], and Healthcare [down 25.05 pts], the only index up was FMCG [up 35.06pts]. CMP Change % Chg NTPC 139.20 3.15 +2.32 HDFC 824 15.05 +1.86 HCLTECH 1,175 20.15 +1.74 AXISBANK 1,282 17.15 +1.36 COALINDIA 289.45 3.60 +1.26 CMP Change % Chg 377.5 690.95 1,804 350.1 85.9 13.20 15.35 39.30 7.60 1.85 -3.38 -2.17 -2.13 -2.12 -2.11 Prev. Close Change %Chg HCLTECH 1,175 20.15 +1.74 HEROMOTOCO 2,169 31.05 -1.41 INFOTECENT 307 8.65 +2.90 KAJARIACER 285.3 6.75 +2.42 SASKEN 170.1 0.05 +0.03 Prev. Close Change %Chg 49.5 0.35 +0.71 CMP Change % Chg 6,307.9 21,171.41 -24.95 -38.85 -0.39 -0.39 Top Losers Company TATAMOTORS BANKBARODA SBIN BPCL TATPOWER Stocks at 52 Week’s high Symbol Stocks at 52 Week’s Low Symbol DSKULKARNI -- Indian Indices Company NIFTY SENSEX YOUR MINTVISORY Call us at +91-731-6642300
  • 2. DAILY REPORT 12th DECEMBER. 2013 EQUITY CASH & FUTURE STOCK RECOMMENDATIONS [FUTURE] 1. YES BANK STOCK RECOMMENDATION [CASH] 1. ELDER PHARMA YES BANK FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 390, We advise buying above 390 levels with strict stop loss 392 for the targets of 398-405 levels. ELDER PHARMA is looking strong on charts. We advise buying around 310-315 levels with strict stop loss of 305 for the targets of 325-335 levels. 2. HCL TECH MACRO NEWS   YOUR MINTVISORY Money supply rose an annualized 14.5% in the two weeks to Nov 29, faster than 12.6% a year earlier. Money supply was 91.46 trillion rupees as of November 29, compared with 90.74 trillion rupees on Nov 15.  HCL TECH FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 1180 We advise buying above 1180 levels with strict stop loss of 1160 for the targets of 1200-1220 levels. The trade numbers indicated export growth eased to a five month low of 5.9% due to a fall in shipments of petroleum goods and rough diamonds, imports de-growth at 16.4%. As result the overall trade deficit narrowed to USD 9.2 billion, which is the second lowest level during the ongoing fiscal. Trade deficit in Nov 2012 was at US $ 17.2 bn. Gold and silver imports in November dipped by 80.49% to US $ 1.05 bn from USD 5.4 billion in the same period last year. Oil imports too dipped by 1.1% to USD 12.96 bn during the month. November CPI and October IIP data is to be announced today. Which are likely to disappoint. The IIP is estimated to fall to 1.2 percent from 2 percent in the previous month. The report on consumer prices (CPI) today will be followed by the wholesale price inflation (WPI) on Monday, which will help set expectations ahead of the Reserve Bank of India's policy review on Dec. 18. Call us at +91-731-6642300
  • 3. DAILY REPORT FUTURE & OPTION 12th DECEMBER. 2013 STOCKS IN NEWS  Canara Bank to get capital infusion of Rs 500 cr from govt.  Britannia sets up bakery products unit at Jhagadia in Gujarat.  Finance Ministry in-principle backs Oil Ministry plan on RIL gas price.  Colgate Palmolive obtained a favorable court order against its arch rival Hindustan Unilever. MOST ACTIVE PUT OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY PE 6,300 57.35 3,10,378 38,21,400 NIFTY PE 6,200 29.70 2,49,805 47,26,750 NIFTY PE 6,100 14.75 1,49,549 40,58,100 BANK NIFTY PE 11,500 120 16,514 1,08,100 SBIN PE 1,800 42.05 5,787 2,52,125 TATASTEEL PE 420 10.35 1,645 8,09,000 RELIANCE PE 860 5.50 1,535 1,97,500 AXISBANK PE 1,200 11.50 1,370 3,21,000 Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY FUTURE MOST ACTIVE CALL OPTION Symbol Option Type NIFTY CE 6,400 60 3,96,663 50,36,100 NIFTY CE 6,500 26.55 2,36,291 53,77,350 NIFTY CE 6,300 112.8 1,98,843 43,43,950 BANKNIFTY CE 12,000 250 25,906 3,12,875 SBIN CE 1,900 21.00 8,391 4,04,500 RELIANCE CE 900 11.20 2,857 7,43,750 NTPC CE 140 3.25 2,358 30,38,000 DLF CE 160 5.40 2,269 16,35,000 TCS CE 2,100 26.00 2,040 2,61,875 Nifty Future closed in the green in the last trading session. We advise buying around 6325-6340 with strict stop loss of 6305 for the targets of 6375-6395 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 41630 1302.12 38888 1215.52 574225 18140.75 86.60 INDEX OPTIONS 368649 11495.32 375253 11663.30 1679426 52817.06 -167.98 STOCK FUTURES 47340 1338.63 62242 1830.56 1148621 32143.08 -491.92 STOCK OPTIONS 31833 886.62 31736 883.37 46879 1279.42 3.25 TOTAL -570.05 INDICES NIFTY S2 S1 PIVOT R1 R2 6258.56 6283.23 6304.91 6329.58 6351.26 NIFTYJUNIOR 12299.25 12354.25 12417.55 12472.55 12535.85 BANK NIFTY 11593.08 11688.71 11783.23 11878.86 11973.38 YOUR MINTVISORY Call us at +91-731-6642300
  • 4. DAILY REPORT 12th DECEMBER. 2013 COMMODITY MCX RECOMMENDATIONS SILVER COMMODITY ROUNDUP MCX GOLD February contract was closed at Rs 29460 down Rs 75 , or- 0.25 percent. The GOLD rate touched an intraday high of Rs 29639 and an intraday low of Rs 29272. So far 13196 contracts have been traded. Gold Price is taking support at 29250 and trade in sideways range all day. In evening session gold price break the nearest support of 29530 and made new low of 29272. MCX SILVER march contract was closed at Rs 45730 up Rs 280, or +0.62 percent. The SILVER rate touched an intraday high of Rs 45845 and an intraday low of Rs 45251. So far 15713 contracts have been traded. Silver opened at morning with gap up and made day low. In mid session silver trade in big range and made night low 45251 . After 6.00 p.m. Have seen more selling pressure in silver and it will helpful to break the nearest resistance of 45950. TRADING STRATEGY: BUY SILVER ABOVE 45950 TGTS 46150/46450 SL 45650 SELL SILVER BELOW 45220 TGTS 45020/44720 SL 45520 GOLD Economic advisory council chief said yesterday that India can tolerate USD 30 billion worth of gold imports. A major reason for high current account deficit (CAD) in the last fiscal was high imports of gold. Among U.S. commodities, U.S. crude prices held steady at about $97.4 a barrel, pausing for breath having shed 1.1 percent the previous day after data showed large builds in refined oil products. Gold was steady around $1,253 an ounce, stabilizing after a 0.6 percent decline in the previous session. Gold is down 25 percent so far this year, on track for its worst yearly fall since 1981. Brent oil rose on supply concerns as traders remained skeptical that Libyan oil exports would resume while U.S. crude fell after government data showed large builds in refined oil products, suggesting sluggish oil demand. TRADING STRATEGY: BUY GOLD ABOVE 29550 TGTS 29630/29730 SL 29450 SELL GOLD BELOW 29320 TGTS 29240/29140 SL 29420 YOUR MINTVISORY Zinc and lead prices gained at the non-ferrous metal market here yesterday on stockiest buying amid good off take from alloy industries. Elsewhere, select copper and brass edgedup owing to better demand from consumer industries. The industrial metal continued its rise at the LME, underpinned by a weaker dollar against the euro and steady buying from top consumer China. Zinc climbed by Rs 3 per kg to Rs 161 from Tuesday's closing level of Rs 158. Lead moved-up by Rs 2 per kg to Rs 134 from Rs 132. Call us at +91-731-6642300
  • 5. DAILY REPORT 12th DECEMBER. 2013 NCDEX RECOMMENDATIONS CASTORSEED NCDEX INDICES Index Value % Change Barley 1380 +0.11 Castor Seed 4671 +1.83 Chana 2819 -0.04 Chilli 7148 +3.99 Coriander 7415 -0.20 Cotton Seed Oilcake 1399 -0.43 12720 +1.84 Mustard seed 3611 -0.91 Ref Soya Oil 708.5 -0.27 SELL CASTORSEED BELOW 4660 TGTS 4630,4580 SL 4710 BUY CASTORSEED ABOVE 4690 TGTS 4720,4770 SL 4640 Turmeric 4856 +1.38 DHANIYA NCDEX ROUNDUP Jeera   YOUR MINTVISORY The spices processing market in India has started to see a push due to huge global demand emerging for Indian processed spices Spices processors have seen an increase in their volumes and now have started to a higher quantity of spices due to strong export demand coming in. India sees strong export demand for processed spices as processing of spices in US and the European Union is very cash intensive thus importing processed spices is a cheaper alternative.  SELL DHANIYA JAN BELOW 7730 TGTS 7700,7650 SL 7780 BUY DHANIYA JAN ABOVE 7985 TGTS 8015,8065 SL 7935 Govt is likely to take a final call before this Christmas on a bailout package for the sugar industry that includes Rs 7,200 crore of interest-free bank loans to pay dues to sugarcane growers. Coriander prices rose by 0.97% to Rs 8,225 per quintal in futures trading yesterday as speculators enlarged positions, tracking a firm trend at spot market on the back of strong demand against restricted arrivals from producing regions. At the National Commodity and Derivative Exchange, coriander for delivery in January rose by Rs 79, or 0.97%, to Rs 8,225 per quintal with an open interest of 29,410 lots. Call us at +91-731-6642300
  • 6. DAILY REPORT 12th DECEMBER. 2013 CURRENCY RBI Reference Rate Currency Rate Currency Rupee- $ 61.3313 Yen-100 Euro 84.3780 GBP JPY/INR BUY JPY/INR ABOVE 60.15 TGTS 60.35, 60.49 SL 59.75. SELL JPY/INR BELOW 59.51 TGTS 59.28,59.05 SL 59.91. Rate 59.7200 100.7919 CURRENCY ROUNDUP India's sovereign rating may come under pressure if general elections due by May next year end up with a hung parliament or with a government unable to push through reforms The Indian rupee fell on Wednesday, snapping a five-session winning streak, as the pace of exports last month slowed, raising some concerns about the economy despite a trade deficit that narrowed after gold and silver imports slumped. The partially convertible rupee closed at 61.245/255 per dollar compared to 61.04/05 on Tuesday. Some concerns were also sparked after Standard & Poor's said India's ratings may be pressured if the next general elections due by May end with a hung parliament or with a government unable to push through reforms. The rupee has gained 2.1 per cent over its past five sessions through Tuesday primarily on the back of the strong electoral showing by BJP which is perceived to be business-friendly. In the offshore nondeliverable forwards, the one-month contract was at 61.62 while the three-month was at 62.50. USD/INR The dollar was up 0.2 percent at 102.67 yen, having fallen 0.4 percent overnight, easing for a second session after a recent strong run against the Japanese yen. The euro took a pause after rising for a seventh straight session against the dollar on Wednesday on the back of higher money market rates and diminishing expectations of any imminent easing by the European Central Bank. The single currency dipped 0.1 percent to $1.37745. BUY USD/INR ABOVE 61.61 TGTS 61.75,61.94 SL 61.21. SELL USD/INR BELOW 61.25 TGTS 61.08,60.91 SL 61.66. YOUR MINTVISORY The yen held firm in Asia on Thursday, having risen broadly on the back of a slump on Wall Street as expectations grew the Federal Reserve could scale back stimulus as early as next week. U.S. Treasury debt prices fell on Wednesday as the market built in a price concession for the Treasury's $13 billion 30-year bond auction on Thursday, the final leg of the three-part $64 billion sale of government debt this week. Call us at +91-731-6642300
  • 7. DAILY REPORT 12th DECEMBER. 2013 CALL REPORT PERFORMANCE UPDATES Date Commodity/ Currency Contract Strategy Entry Level Target Stop Loss Remark 12/12/13 MCX GOLD FEB BUY 29600 29900-30200 29300 SL TRIGGERED 12/12/13 MCX GOLD FEB SELL 29300 29100-28800 29600 NO PROFIT NO LOSS 12/12/13 MCX SILVER MAR BUY 45650 45900-46200 45350 BOOKED PROFIT 12/12/13 MCX SILVER MAR SELL 45150 44900-44600 45450 NOT EXECUTED 12/12/13 NCDEX CASTOR SEED JAN. SELL 4430 4400-4350 4480 NOT EXECUTED 12/12/13 NCDEX CASTOR SEED JAN. BUY 4615 4645-4695 4565 BOOKED FULL PROFIT 12/12/13 NCDEX DHANIYA DEC. BUY 7660 7690-7740 7610 NOT EXECUTED 12/12/13 NCDEX DHANIYA DEC. SELL 7410 7380-7330 7460 NOT EXECUTED 12/12/13 GBP/INR DEC. SELL 100.55 100.33-100.15 100.99 NOT EXECUTED 12/12/13 GBP/INR DEC. BUY 101.25 101.48-101.73 100.80 NOT EXECUTED 12/12/13 EUR/INR DEC. SELL 84.14 83.99-83.82 84.55 NOT EXECUTED 12/12/13 EURINR DEC. BUY 84.68 84.83-85.01 84.27 NO PROFIT NO LOSS Date Scrip CASH/FUTURE Strategy Entry Level Target Stop Loss Remark 12/12/13 NIFTY FUTURE SELL 6350-6330 6380-6420 6300 CALL OPEN 12/12/13 LUPIN FUTURE BUY 880 890-900 870 BOOKED PROFIT 12/12/13 VOLTAS FUTURE BUY 124-125 128-130 120 SL TRIGGERED 12/12/13 SASKEN COMM CASH BUY 176 186-196 166 CALL OPEN 11/12/13 INDIA CEMENT FUTURE BUY 63 65-68 60 CALL OPEN US ECONOMIC REPORT TIME (ET) REPORT 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 THURSDAY, DEC. 12 12/7 Nov. Nov. Nov. Oct. FRIDAY, DEC. 13 Nov. Nov. CONSENSUSFORECAST PREVIOUS 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