Special report by epic research 17 december 2013


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Special report by epic research 17 december 2013

  1. 1. DAILY REPORT 17th DECEMBER. 2013 Global markets at a glance The Dow Jones industrial average rose 129.21 points or 0.82 percent, to 15,884.57, the S&P 500 gained 11.22 points or 0.63 percent, to 1,786.54 and the Nasdaq Composite added 28.54 points or 0.71 percent, to 4,029.51. European shares rebounded on Monday from a four-day losing streak, led by a rise in German equities that helped offset concerns over future U.S. monetary policy. The panEuropean FTSEurofirst 300 index ended up 1.3% at 1,258.31 points, while the euro zone's blue-chip Euro STOXX 50 index rose by around 2% to 2,978.77 points. World Indices Index Value % Change 15,884.57 +0.82 S&P 500 1,786.54 +0.63 NASDAQ EURO STO FTSE 100 4,029.52 2,978.77 6,522.20 +0.71 +1.95 +1.28 Nikkei 225 Hong Kong 15,283.94 23,190.44 +0.66 +0.39 DJl Top Gainers Wall Street Update US stocks rose on Monday after closing Friday their worst week since August as upbeat economic data from the United States and Europe boosted optimism ahead of a key Federal Reserve decision later in the week. In Tokyo, Nikkei futures advanced 0.8 percent, indicating a firmer open after shedding 1.6 percent to a 3-1/2 week closing low on Monday. Previous day Roundup The market closed lower for the fifth consecutive session on Monday. The Sensex fell 50.14 points to 20,665.44, and the Nifty lost 13.70 points to 6,154.70. About 1092 shares have advanced, 1312 shares declined, and 183 shares were unchanged. Index stats The Bankex and Bank Nifty both declined. Among the sartorial indices the sectors which closed up are; Capital Goods [up 43.71pts], Consumer Durables [up 67.28pts], Metals [up 19.35pts], Realty [up 1.73pts], TECK [up 49.31pts], IT [up 133.63pts], Power [up 5.39pts], and Healthcare [up 76.06pts], the index slipped were Oil & Gas [down 137.61pts], AUTO [down 84.8pts], PSU [down 16.42pts],FMCG [down 31.16pts]. CMP Change % Chg SSLT 199.75 7.85 +4.09 INFY 3,451.00 77.15 +2.29 POWERGRID 99.20 1.70 +1.74 TATAPOWER 287.00 1.40 +1.61 COALINDIA 287.00 3.90 +1.38 CMP Change % Chg 932.05 252.40 557.00 845.00 417.65 27.50 7.40 14.15 19.70 15.95 -2.89 -2.85 -2.48 -2.28 -3.43 Symbol Prev. Close Change %Chg ASTRAL 282.05 7.55 +2.75 AUROPHARMA 350.00 40.00 +12.90 BFUTILITIE 432.65 20.60 +5.00 DELTACORP Asian shares got off to a promising start on Tuesday on the back of rising U.S. manufacturing output and a jump in euro zone business activity Company 104.2 7.35 +7.59 1181.15 7.85 +0.66 Prev. Close Change %Chg 1006.00 48.50 18.35 0.20 -1.79 -0.41 CMP Change % Chg 6,154.70 20,559.52 -13.70 -56.06 -0.22 -0.27 Top Losers Company M&M JINDLASTEL SUNPHARMA RELIANCE INDUSINDBK Stocks at 52 Week’s high HCLTECH Stocks at 52 Week’s Low Symbol BEL DSKULKARNI Indian Indices Company NIFTY SENSEX YOUR MINTVISORY Call us at +91-731-6642300
  2. 2. DAILY REPORT 17th DECEMBER. 2013 EQUITY CASH & FUTURE STOCK RECOMMENDATIONS [FUTURE] 1. TECH MAHINDRA STOCK RECOMMENDATION [CASH] 1. TATA ELXSI TECH MAHINDRA FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 1750. We advise buying around 1740-1750 levels with strict stop loss 1715 for the targets of 1770-1790 levels. TATA ELXSI is looking strong on charts. We advise buying around 340-345 levels with strict stop loss of 330 for the targets of 355-365 levels. 2. ADANI ENTERPRISES ADANI ENTERPRISES FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 260. We advise buying above 260 levels with strict stop loss 255 for the targets of 265270. YOUR MINTVISORY MACRO NEWS  The Indian wholesale price index (WPI) for the month of November shot up to a 14-month high of 7.52% vs 7%in the previous month, led by higher primary, food and fuel prices. The street was largely expecting the November WPI to stay at 7 percent. The September WPI number has also been revised upwards at 7.05% from the provision figure of 6.46.  GlaxoSmithKline plc announced a voluntary open offer to increase its stake in its publicly-listed pharmaceuticals subsidiary in India, GlaxoSmithKline Pharmaceuticals Limited , from 50.7 percent to up to 755 at a price of Rs 3,100 per share. With this latest India deal, GSK is set to spend close to $2 billion in roughly a year to increase its holdings in two listed Indian companies, its biggest incremental investment in any country in that period.  Foreign institutional investors sold Indian shares worth 4.32 billion rupees ($69.49 million) on Friday, to snap their 10-day buying streak, raising concerns ahead of the Fed's meeting ending on Wednesday.  Reserve Bank of India likely to hike repo rate by 25bps.  Government may stop charging market rates for bulk diesel purchase. Call us at +91-731-6642300
  3. 3. DAILY REPORT FUTURE & OPTION 17th DECEMBER. 2013 MOST ACTIVE PUT OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY PE 6,100 43.00 2,72,973 49,03,150 NIFTY PE 6,200 84.50 2,53,099 35,53,000 NIFTY PE 6,000 19.45 1,79,103 56,49,700 BANK NIFTY PE 11,000 102.55 26,799 4,04,000 SBIN PE 1,700 26.00 4,522 2,23,000 INFY PE 3,400 22.40 3,037 1,84,750 ICICIBANK PE 1,100 30.70 2,075 3,28,750 TATASTEEL PE 400 4.85 2,042 14,13,000 Strike Price LTP Traded Volume (Contracts) STOCKS IN NEWS  SBI reported a 33% decline in its advance tax payment for the December quarter at Rs 1,130 crore.  RIL to exit non-veg business as it hurts religious sentiment.  Walmart gets CCI nod to buy Bharti's stake in Indian JV.  Public sector banks to go on strike on December 18.  CCI clears purchase of Heidelberg's Raigad unit by JSW Steel. Open Interest NIFTY FUTURE MOST ACTIVE CALL OPTION Symbol Option Type NIFTY CE 6,300 27.40 3,34,185 71,36,150 NIFTY CE 6,200 62.00 3,00,676 38,32,300 NIFTY CE 6,400 10.00 1,89,617 49,25,300 BANKNIFTY CE 12,000 62.90 24,280 4,34,050 SBIN CE 1,800 20.80 6,050 3,75,500 TCS CE 2,100 11.05 3,501 4,90,750 RELIANCE CE 860 9.00 3,293 5,95,250 INFY CE 3,500 26.05 3,058 1,09,875 TCS CE 2,050 25.40 2,914 1,88,250 Nifty Future closed in the red in the last trading session. We advise selling on rise around 6200 with strict stop loss of 6240 for the targets of 6160-6120 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 33039 1011.83 51380 1575.35 594990 18322.58 -563.52 INDEX OPTIONS 320587 9702.47 334463 10161.08 1738898 53303.39 -458.61 STOCK FUTURES 56461 1642.93 55362 1571.25 1162702 31801.51 71.68 STOCK OPTIONS 34815 995.58 35800 1024.86 51706 1371.25 -29.28 TOTAL -979.72 INDICES NIFTY S2 S1 PIVOT R1 R2 6124.13 6139.41 6161.33 6176.61 6198.53 NIFTYJUNIOR 12194.13 12237.66 12272.63 12316.16 12351.13 BANK NIFTY 11243.35 11308.15 11374.5 11439.3 11505.65 YOUR MINTVISORY Call us at +91-731-6642300
  4. 4. DAILY REPORT 17th DECEMBER. 2013 COMMODITY MCX RECOMMENDATIONS SILVER COMMODITY ROUNDUP A two day US Fed policy makers meet is scheduled to end on Wednesday and traders may get further clues for their trading from the meeting statement. US gold futures continued its negative trend on Monday and was seen trading down on concerns that US Central Bank may start reducing its monetary stimulus soon. India gold futures edged lower on Monday tracking a weak trend in the global market. Appreciation of Indian Rupee (INR) against US Dollar (USD) may have put pressure on the commodity prices to certain extent. HSBC Flash China Manufacturing Purchasing Managers Index (PMI) was down at 50.5 in December lower when compared to 50.8 in November. Flash China manufacturing output index is reported at 51.8 in December (52.2 in November), a two-month low. TRADING STRATEGY: BUY SILVER ABOVE 45700 TGTS 45900/46200 SL 45350 SELL SILVER BELOW 45200 TGTS 45000/44700 SL 45550 US mines have produced 19300 kilograms of gold in September this year, a decline of 5% when compared to 20400 kg in the previous month and slightly down when compared to 19600 kg in the same period last year. GOLD MCX GOLD February contract was closed at Rs 28831 down Rs 601 , or- 2.04 percent. The GOLD rate touched an intraday high of Rs 29371 and an intraday low of Rs 28766. So far 23761 contracts have been traded. Gold Price was taking support at 29250 and traded in sideways range all day. In evening session gold price broke the nearest SUPPORT of 29150 and made new low of 28766 MCX SILVER March contract was closed at Rs 45330 UP Rs 554, or 1.24 percent. The SILVER rate touched an intraday high of Rs 45665 and an intraday low of Rs 44062. 26492 contracts had been traded. Silver opened at morning with gap up and made day low. In mid session silver trade in big range and made night high 45665 . After 8.00 p.m. there had seen more buying pressure in silver and it will helpful to break the nearest resistance of 45700. TRADING STRATEGY: BUY GOLD ABOVE 28930 TGTS 29010/29110 SL 28820 SELL GOLD BELOW 28690 TGTS 28610/28510 SL 28810 YOUR MINTVISORY India Govt drive to reduce gold consumption to discourage gold imports, reduce Current Account Deficit (CAD) caused increase in smuggling activity and reduced gold jewellery exports. Call us at +91-731-6642300
  5. 5. DAILY REPORT 17th DECEMBER. 2013 NCDEX RECOMMENDATIONS CASTORSEED NCDEX INDICES Index Value % Change Barley 1440 -0.17 Castor Seed 4861 +3.03 Chana 2840 -1.05 Chilli 7348 +0.08 Coriander 8015 +2.82 Cotton Seed Oilcake 1406 -0.92 12980 +0.12 3620 -1.42 697 +0.15 5200 +1.21 Jeera Mustard seed Ref Soya Oil Turmeric BUY CASTORSEED ABOVE 4880 TGTS 4910,4960 SL 4830 SELL CASTORSEED BELOW 4650 TGTS 4620,4570 SL 4700 DHANIYA SELL DHANIYA BELOW 8355 TGTS 8325,8275 SL 8395 BUY DHANIYA ABOVE 8460 TGTS 8490,8540 SL 8410 YOUR MINTVISORY NCDEX ROUNDUP Panel to discuss more sops for sugar mills on December 18. Jeera prices traded up by 0.73% to Rs 13,060 per quintal in futures trade yesterday as speculators created fresh positions supported by pick up in demand in the spot market. At the National Commodity and Derivatives Exchange, jeera for delivery in December rose by Rs 95, or 0.73%, to Rs 13,060 per quintal with an open interest of 2,190 lots. Similarly, the spice for delivery in January traded higher by Rs 80, or 0.61%, to Rs 13,122.50 per quintal in 6,834 lots. speculators created fresh positions supported by pick up in demand in the spot market that helped jeera prices to trade higher at futures trade. Coriander prices rose 2.43% to Rs 8,335 per quintal in futures trading today on strong demand in the spot market against limited arrivals from producing belts. At the National Commodity and Derivative Exchange, coriander for delivery in January gained Rs 198, or 2.43%, to Rs 8,335 per quintal with an open interest of 33,610 lots. Similarly, the spice for delivery in December traded higher by Rs 181, or 2.32%, to Rs 7,976 per quintal in 870 lots. Besides strong demand in the spot market, restricted arrivals from producing regions mainly pushed up coriander prices at futures trade. Call us at +91-731-6642300
  6. 6. DAILY REPORT 17th DECEMBER. 2013 CURRENCY RBI Reference Rate Currency Rate Currency Rupee- $ 62.1024 Yen-100 Euro 85.4284 GBP JPY/INR SELL JPY/INR BELOW 59.95 TGTS 59.76,59.60 SL 60.36. BUY JPY/INR ABOVE 60.74 TGTS 60.94, 61.16 SL 60.33. GBP/INR Rate 60.4000 101.2704 CURRENCY ROUNDUP The dollar pulled back further against the yen from a fiveyear high set on Friday. The greenback was at 103.08 yen after easing 0.3 percent on Monday. Ahead of the Reserve Bank of Australia policy meeting minutes, the Australian dollar was down a tad at$0.8944, near a 3-1/2 month low of $0.8909 set on Friday. The dollar moved largely lower against most major currencies on Monday after hit-or-miss economic indicators released earlier cast doubts on recent expectations for the Federal Reserve to announce plans to taper its USD85 billion in monthly asset purchases at a policy meeting this week. The euro held the upper hand on Tuesday after surprisingly strong euro zone manufacturing data, while uncertainty over when the Federal Reserve would start to trim its economic stimulus program kept the dollar on the defensive. The Reserve Bank of India said on Monday it accepted all 58 bids for 384.50 billion rupees ($6.19 billion) at its one-day repo auction, through which it injects liquidity into the banking system. It accepted both bids for 8.03 billion rupees ($129.2 million) at its one-day reverse repo auction, through which it absorbs excess liquidity from the banking system. Indian banks' refinancing with RBI rises to 264.95 billion rupees. Indian banks' cash balances with RBI marginally lower at 3.11 trillion rupees. The Indian rupee gained on Monday, snapping three days of losses on inflows tied to dollar sales from foreign banks and corporate, even as high wholesale prices virtually sealed the case for a rate hike on Wednesday. SELL GBP/INR BELOW 100.83 TGTS 100.66,100.44 SL 101.28. BUY GBP/INR ABOVE 101.70 TGTS 101.86,102.03 SL 101.25. YOUR MINTVISORY The partially convertible rupee closed at 61.73/74 per dollar compared with 62.125/135 on Friday. It rose 0.7 pct in session, its biggest single day gain in nearly a month. In the offshore non-deliverable forwards, the one-month contract was at 62.15 while the three-month was at 63.02. Call us at +91-731-6642300
  7. 7. DAILY REPORT 17th DECEMBER. 2013 CALL REPORT PERFORMANCE UPDATES Date Commodity/ Currency Pairs Contract Strategy Entry Level Target Stop Loss Remark NOT EXECUTED 16/12/13 MCX GOLD DEC BUY 29500 29580-29680 29390 16/12/13 MCX GOLD DEC. SELL 29250 29170-29070 29360 16/12/13 MCX SILVER DEC BUY 45050 45300-45650 44750 16/12/13 MCX SILVER DEC SELL 44500 44250-43900 44800 BOOKED PROFIT 16/12/13 NCDEX CASTOR SEED JAN. SELL 4640 4615-4580 4680 NOT EXECUTED 16/12/13 NCDEX CASTOR SEED JAN. BUY 4880 4905-4940 4840 NOT EXECUTED 16/12/13 NCDEX DHANIYA JAN BUY 8380 8405-8440 8345 BOOKED FULL PROFIT 16/12/13 NCDEX DHANIYA JAN SELL 7950 7925-7980 7995 NOT EXECUTED 16/12/13 USD/INR DEC. SELL 62.21 61.99-61.75 62.60 BOOKED PROFIT 16/12/13 USD/INR DEC. BUY 62.48 62.62-62.75 62.09 NOT EXECUTED 16/12/13 EUR/INR DEC. SELL 85.34 85.18-84.97 85.74 BOOKED PROFIT 16/12/13 EURINR DEC. BUY 85.64 85.79-85.92 85.24 BOOKED PROFIT Stop Loss Remark Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target BOOKED FULL PROFIT BOOKED FULL PROFIT 16/12/13 NIFTY FUTURE SELL 6180 6150-6120 6240 CALL OPEN 16/12/13 TATAMOTORS FUTURE BUY 368-372 378-384 360 CALL OPEN 16/12/13 AURO PHARMA FUTURE BUY 314 318-324 309 BOOKED FULL PROFIT 16/12/13 BF UTILITIES CASH BUY 410-415 425-440 400 NOT EXECUTED 13/12/13 JINDAL PHOTO CASH BUY 130-135 145-155 122 CALL OPEN 12/12/13 HCLTECH FUTURE BUY 1180 1200-1220 1160 CALL OPEN 11/12/13 SASKEN COMM CASH BUY 176 186-196 166 BOOKED PROFIT YOUR MINTVISORY Call us at +91-731-6642300
  8. 8. DAILY REPORT 17th DECEMBER. 2013 ECONOMIC CALENDAR US ECONOMIC REPORT TIME (ET) REPORT PERIOD ACTUAL CONSENSUSFORECAST PREVIOUS MONDAY, DEC. 16 8:30 AM EMPIRE STATE INDEX DEC. 4.0 -2.2 8:30 AM PRODUCTIVITY REVISION Q3 2.4% 1.9% 9:15 AM INDUSTRIAL PRODUCTION NOV. 0.5% -0.1% 9:15 AM CAPACITY UTILIZATION NOV. 78.4% 78.1% TUESDAY, DEC. 17 8:30 AM CONSUMER PRICE INDEX NOV. 0.1% -0.1% 8:30 AM CORE CPI NOV. 0.1% 0.1% 8:30 AM CURRENT ACCOUNT Q3 -- -$99 BLN 10 AM HOME BUILDERS' INDEX DEC. 55 54 WEDNESDAY, DEC. 18 8:30 AM HOUSING STARTS NOV. 950,000 891,000 (AUG) 8:30 AM BUILDING PERMITS NOV. 1.00 MLN 1.04 MLN 2 PM FOMC STATEMENT 2:30 AM BERNANKE PRESS CONFERENCE THURSDAY, DEC. 19 8:30 AM WEEKLY JOBLESS CLAIMS 12/14 N/A N/A 10 AM EXISTING HOME SALES NOV. 5.05 MLN 5.12 MLN 10 AM PHILLY FED DEC. 10.0 6.5 10 AM LEADING INDICATORS NOV. -- 0.2% 3.6% 3.6% FRIDAY, DEC. 20 8:30 AM GDP REVISION Q3 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