27th NOVEMBER. 2013

Global markets at a glance
European shares lacked the momentum to extend a rally
to mult...
27th NOVEMBER. 2013



YES BANK FUTURE is look...

27th NOVEMBER. 2013





27th NOVEMBER. 2013



27th NOVEMBER. 2013





% Change



27th NOVEMBER. 2013


RBI Reference Rate

Rate Currency

Rupee- $

62.4470 Yen-100


27th NOVEMBER. 2013



Commodity/ Currency



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Special report by epic research 27 november 2013


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Special report by epic research 27 november 2013

  1. 1. DAILY REPORT 27th NOVEMBER. 2013 Global markets at a glance European shares lacked the momentum to extend a rally to multi-year highs on Tuesday, a mixed outlook for corporate earnings underlined by downbeat signals. On Tuesday, the food and beverage sector fared the worst, down 0.7 percent. The FTSEurofirst 300 index of top European shares lost 0.6 percent to 1,294.03 points, in volumes that were nearly 15 percent larger than the index's daily average volumes of the past 90 days. The euro zone's blue-chip Euro STOXX 50 index fell 0.3 percent, to 3,062.62 points. Asian share markets nudged into the red on Wednesday following an uninspiring performance by Wall Street, while a dip in the dollar against the yen prompted profit-taking on Japanese stocks. World Indices Index Value % Change 16,072.80 0.00 S&P 500 1,802.75 +0.01 NASDAQ EURO STO FTSE 100 4,017.75 3,062.62 6,636.22 +0.58 -0.33 -0.87 Nikkei 225 Hong Kong 15,463.00 23,666.66 -0.34 -0.06 DJl Top Gainers Previous day Roundup The Nifty broke out of intraday range on the lower side in the last half an hour of trade and closed near 6,050 level as institutional investors booked profit in banks, oil & gas and FMCG space. The rally fuelled by Iran nuke deal came to a grinding halt. The Sensex ends down 180.06 points at 20425.02, and the Nifty ends at 6059.10, down 56.25 points. Bank, oil and realty stocks lead the decline. About 1047 shares advanced, 1449 shares declined, and 137 shares were unchanged. CMP Change % Chg LUPIN Wall Street Update The Nasdaq composite index closed above 4,000 on Tuesday for the first time since 2000, while the Dow and S&P ended barely changed. The Dow Jones industrial average ended up 0.26 point to 16072.80. The Standard & Poor's 500 Index gained 0.27 point, or 0.01 percent, to 1,802.75. The Nasdaq Composite Index rose 23.18 points, or 0.58 percent, to 4,017.75. The S&P 500 has risen nearly 27 percent this year, primarily bolstered by expectations the Federal Reserve's stimulus will continue at least until the end of the year. Company 867.00 16.40 +1.93 BHEL 147.00 2.70 +1.87 SSLT 177.00 2.45 +1.40 HINDUNILVR 587.95 6.95 +1.20 2,050.00 23.65 +1.17 CMP Change % Chg 324.00 608.50 126.40 1,045.40 322.80 23.40 24.55 4.55 29.20 8.30 -6.74 -3.88 -3.47 -2.72 -2.51 Prev. Close Change %Chg APTECHT 73.40 1.05 -1.41 ARVINREM 55.25 0.80 -1.43 339.10 56.50 +19.99 4,340.00 137.35 +3.27 41.00 1.50 -3.53 Prev. Close Change %Chg 306.00 25.00 1.75 2.60 -0.57 -9.42 CMP Change % Chg 6,059.10 20,425.02 -56.25 -180.06 -0.92 -0.87 HEROMOTOCO Top Losers Company BPCL BAKBARODA NMDC ICICBANK CAIRN Stocks at 52 Week’s high Symbol DICIND EICHERMOT ICIL Index stats The Bankex and Bank Nifty both declined 1.52% & 1.57% respectively. All the sectors declined Oil & Gas [down 105.09pts], Realty [down 12.29pts], TECK [down 25.11pts], IT [down 24.26pts], FMCG [down pts], Metals [down 66.92pts, PSU [down 77.81pts], Consumer Durables [down 50.39pts], and Healthcare [down 73.51pts], except Capital Goods [up pts], AUTO [up 59.77pts], ]Power [up 5.81pts] which were moved slightly up. Stocks at 52 Week’s Low Symbol BALMLAWRIE EDELWIESS Indian Indices Company NIFTY SENSEX YOUR MINTVISORY Call us at +91-731-6642300
  2. 2. DAILY REPORT 27th NOVEMBER. 2013 EQUITY CASH & FUTURE STOCK RECOMMENDATIONS [FUTURE] 1. YESBANK 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 362, We advise buying above 362 levels with strict stop loss of 355 for the targets of 369-375 levels. 2. TATA MOTORS TATA MOTOR 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 around 388-390 levels with strict stop loss of 384 for the targets of 395-399 levels. YOUR MINTVISORY STOCK RECOMMENDATION [CASH] 1.TORRENT POWER TORRENT POWER is looking strong on charts. We advice buying above 123 levels with strict stop loss of 120 for the targets of 126-129 levels. MACRO NEWS  Petroleum Minister is confident of resolving the issue of securing $135 million in bank guarantees from Reliance Industries within a fortnight to enable the company to charge higher gas price from April 1.  Aditya Birla Group aims to hike stake in group companies. The company may spend Rs 6,000 crore for stake hike. It is looking to hike stake in Hindalco and Grasim to 40-45 percent.  Infosys will focus on reducing costs by trimming the number of senior employees and subcontractors  Indian GDP data release on Friday.  The govt may trim planned expenditure by over Rs 80,000 crore or about 15 percent of the budgeted amount in the current fiscal.  India's stock market regulator issued draft rules yesterday to allow listed companies to make frequent debt issuances after filing for a shelf prospectus.  Factor to watch today- India weekly t-bill sale.  RBI received no bids at its one-day reverse repo auction through which it absorbs excess liquidity from the banking system. It had accepted all 62 bids for 404.55 billion rupees at its one-day repo auction through which it injects liquidity into the banking system. Call us at +91-731-6642300
  3. 3. DAILY REPORT FUTURE & OPTION 27th NOVEMBER. 2013 MOST ACTIVE PUT OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY PE 6,100 54.95 7,47,707 39,04,650 NIFTY PE 6,000 14.30 5,57,,068 69,91,350 NIFTY PE 5,900 3.20 1,95,815 44,63,300 BANK NIFTY PE 11,000 136.00 43,147 1,70,200 SBIN PE 1,800 25.30 12,645 2,54,125 MCDOWELL-N PE 2,500 14.35 8,240 3,24,375 INFY PE 3,300 15.00 3,182 1,86,750 AXISBANK PE 1,100 7.00 2,561 2,67,000 LTP Traded Volume (Contracts) STOCKS IN NEWS  Bharti Airtel is looking to raise up to $1 billion by selling bonds mainly to European investors.  Cairn, which is sitting on a cash pile of about USD 3 billion is buying 17.09 crore shares or 8.9 percent of the total shareholding, from open market at no more than Rs 335 a piece.  Coal India Limited has identified 126 new projects to take up during the 12th Plan period with an estimated capacity of 438.04 mn tons. Open Interest NIFTY FUTURE MOST ACTIVE CALL OPTION Symbol Option Type Strike Price NIFTY CE 6,400 NIFTY CE 6,100 21.50 7,48,725 5,34,550 NIFTY CE 6,200 3.30 4,99,680 70,68,100 NIFTY CE 6,300 0.60 1,97,977 53,02,900 BANKNIFTY CE 11,200 26.15 35,624 1,71,000 SBIN CE 1,800 14.80 14,993 6,67,250 MCDOWELL-N CE 2,600 42.00 12,119 4,25,125 BHEL CE 150 1.40 4,894 24,68,000 RELIANCE CE 860 2.00 6,154 9,34,500 Nifty Future closed in the red in the last trading session. We advise selling around 6110-6130 with strict 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 141352 4244.24 141881 4260.24 530316 15947.88 -16.00 INDEX OPTIONS 576792 17316.30 586868 17632.72 1846437 55760.13 -316.42 STOCK FUTURES 433057 11584.95 445854 12074.55 1205345 32680.23 -489.60 STOCK OPTIONS 53708 1522.55 52245 1480.70 79432 2159.06 41.85 TOTAL -780.17 INDICES NIFTY S2 S1 PIVOT R1 R2 6008.23 6033.66 6073.18 6098.61 6138.13 NIFTYJUNIOR 12029.68 12081.66 12155.23 12207.21 12280.78 BANK NIFTY 10738.58 10823.96 10978.68 11064.06 11218.78 YOUR MINTVISORY Call us at +91-731-6642300
  4. 4. DAILY REPORT 27th NOVEMBER. 2013 COMMODITY MCX RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER ABOVE 45500 TGTS 45700/46000 SL 45150 SELL SILVER BELOW 44300 TGTS 44100/43900 SL 45650 GOLD COMMODITY ROUNDUP Snapping its two-day fall, gold prices yesterday soared by Rs 575 to Rs 31,625 per ten gram on fresh buying by stockists at current lower levels for the ongoing marriage season amid a firming global trend. Gold in Singapore, which normally sets price trend on the domestic front, rose by 0.6 per cent to $1,258.30 an ounce. Silver prices also shot up by Rs 790 to Rs 45,790 per kg on increased off take by jeweler fabricators and industrial units. Oil rose ahead of a US supply report that might show an improvement in demand. Benchmark US crude for January delivery was up and trading around USD 94.5 a barrel. The contract had fallen on Monday after a deal between Iran and six world powers on the country's nuclear program raised hopes that sanctions stifling Iran's oil exports would soon be lifted. Brent futures held near $111 a barrel on Tuesday as supply concerns crept back, with investors judging the historic deal between Iran and world powers would not result in an immediate increase in shipments from the OPEC member. The deal halts Iran's most sensitive nuclear activity and suspends some sanctions by the West, but caps exports from the country at the current level of about 1 million barrels per day (bpd). That means a fragile supplydemand balance as markets also cope with oil export losses from Libya. India crude oil futures rebounded form earlier losses on short covering and tracking a slight up-tick on NYMEX crude oil futures. However, appreciation of Indian Rupee against US Dollar may have limited further gains in the commodity futures to certain extent. Crude oil futures for December delivery on India's Multi Commodity Exchange (MCX) was seen trading with a gain of 0.49% at Rs.5923 per barrel as of 16.42 IST on Tuesday. NYMEX crude oil for January delivery was seen trading with a gain of 23 cents at $94.32 per barrel as of 17.04 IST on Tuesday. TRADING STRATEGY: BUY GOLD ABOVE 30500 TGTS 30600/30750 SL 30350 SELL GOLD BELOW 30040 TGTS 29940/29850 SL 30230 YOUR MINTVISORY India produced 22018.083 Thousand Metric Tons (TMT) of crude oil in April-October period this year compared to 22283.565 TMT in the same period last year. In October, the country produced 3179.405 TMT of crude oil, declined 0.8% compared to the same month last year. MCX copper for December delivery was seen trading with a gain of 0.11% at Rs.444.50 per kilogram as of 16.48 IST on Tuesday. Call us at +91-731-6642300
  5. 5. DAILY REPORT 27th NOVEMBER. 2013 NCDEX RECOMMENDATIONS CASTORSEED NCDEX INDICES Index Value % Change Barley 1373 +0.04 Castor Seed 4341 +0.86 Chana 3064 -1.13 Chilli 7408 +0.82 Coriander 7572 +2.99 Cotton Seed Oilcake 1399 -1.20 12757.5 +0.75 3781 -0.29 722.35 -0.52 5294 +1.03 Jeera Mustard seed Ref Soya Oil Turmeric SELL CASTORSEED JAN BELOW 4280 TG 4250,4210 SL 4320 BUY CASTORSEED JAN ABOVE 4350 TG 4380,4390 SL 4310 DHANIYA SELL DHANIYA DEC BELOW 7470 TG 7440,7400 SL 7510 BUY DHANIYA DEC ABOVE 7660 TG 7690,7730 SL 7620 YOUR MINTVISORY NCDEX ROUNDUP NCDEX, the leading agri commodities exchange, yesterday re-launched its Crude Palm Oil (CPO) futures contract. This contract is available for trading from yesterday, Tuesday, November 26, 2013. The crude palm oil futures would complete the basket of oil and oilseeds futures on NCDEX platform. To begin with, the exchange has launched Dec-13, Jan -14, Feb-14 & March-14 expiry contracts. During the early trade, the market participants have shown positive response to the new development. There has been a significant gap between demand and supply of edible oil in India, because of limited availability of oil seeds and shifting of acreage to other crops in the domestic market. Rice exports will likely fare better than expected, as demand for Thai rice should become more active next month, says the Thai Rice Exporters Association. Thailand's highquality, 100% grade B (fob vessel, Bangkok) milled rice for export was quoted at US$434 a tonne for the week ending Nov 11, down by $30 from the week ending Sept 9 and the lowest since January 2008.In contrast, price quotes from Vietnam have increased since early September due mostly to recent large sales to the Philippines and China. Call us at +91-731-6642300
  6. 6. DAILY REPORT 27th NOVEMBER. 2013 CURRENCY RBI Reference Rate Currency Rate Currency Rupee- $ 62.4470 Yen-100 Euro 84.5040 GBP USD/INR SELL USD/INR BELOW 62.25 TGTS 62.09, 61.95 SL 62.85. BUY USD/INR ABOVE 62.91 TGTS 63.09, 63.25 SL 62.20. EUR/INR Rate 61.5100 100.8644 CURRENCY ROUNDUP The rupee was looking up against the US dollar as it traded at 62.44 compared to yesterday's close of 62.50. The dollar wallowed at one-week lows against a basket of major currencies on Wednesday, undermined by lower Treasury yields after a batch of data failed to sway markets one way or the other over when the Federal Reserve will scale back stimulus. U.S. Treasuries prices held onto gains on Tuesday after the Treasury sold $35 billion in five-year notes to solid demand, the second of three sales of $96 billion in new coupon-bearing debt this week. The dollar weakened against most major currencies on Tuesday after a widely-watched gauge of U.S. consumer confidence disappointed investors and bolstered ongoing expectations for the Federal Reserve to keep its dollarweakening monetary stimulus programs in place through early 2014. Stimulus tools such as the Fed's USD85 billion in monthly bond purchases aim to drive recovery by pushing down long-term interest rates, weakening the dollar as long as they remain in effect. In U.S. trading on Tuesday, EUR/ USD was up 0.39% at 1.3570. The dollar was down against the yen, with USD/JPY down 0.37% at 101.30, and down against the Swiss franc, with USD/CHF down 0.57% at 0.9066. The dollar was up against its cousins in Canada, Australia and New Zealand, with USD/ CAD up 0.02% at 1.0546, AUD/USD down 0.33% at 0.9132 and NZD/USD trading down 0.04% at 0.8204. SELL EUR/INR BELOW 84.15 TGTS 83.99, 83.82 SL 84.85 BUY EUR/INR ABOVE 85.00 TGTS 85.18, 85.32 SL 84.35 YOUR MINTVISORY The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.35% at 80.67. On Wednesday, the U.S. is to release data on durable goods orders, a report on manufacturing activity in the Chicago region and revised data on consumer sentiment. The Labor Department is to release the weekly report on initial jobless claims one day ahead of schedule due to Thursday's Thanksgiving holiday. Call us at +91-731-6642300
  7. 7. DAILY REPORT 27th NOVEMBER. 2013 CALL REPORT PERFORMANCE UPDATES Date Commodity/ Currency Pairs Contract Strategy Entry Level Target Stop Loss Remark 26/11/13 MCX GOLD DEC BUY 30500 30600-30750 30350 NOT EXECUTED 26/11/13 MCX GOLD DEC. SELL 30150 30050-29950 30330 BOOKED PROFIT 26/11/13 MCX SILVER DEC BUY 45500 45700-46000 45150 NOT EXECUTED 26/11/13 MCX SILVER DEC SELL 44800 44600-44300 45150 BOOKED FULL PROFIT 26/11/13 NCDEX CASTOR SEED JAN. SELL 4280 4250-4210 4320 NOT EXECUTED 26/11/13 NCDEX CASTOR SEED JAN. BUY 4390 4420-4460 4350 NOT EXECUTED 26/11/13 NCDEX DHANIYA DEC. BUY 7365 7395-7435 7325 BOOKED FULL PROFIT 26/11/13 NCDEX DHANIYA DEC. SELL 7290 7260-7220 7330 NOT EXECUTED 26/11/13 USD/INR NOV. SELL 62.28 62.16-61.96 62.95 CLOSED AT LOSS 26/11/13 USD/INR NOV. BUY 63.20 63.37-63.58 62.60 NOT EXECUTED 26/11/13 JPY/INR NOV. BUY 62.30 62.48-62.69 61.65 NOT EXECUTED 26/11/13 JPY/INR NOV. SELL 61.30 61.15-61.00 61.95 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level 26/11/13 NIFTY FUTURE BUY 26/11/13 INDUSINDBK FUTURE BUY 26/11/13 LT FUTURE BUY 26/11/13 ESS DEE CASH BUY Target 535 6060-6080 Stop Loss Remark 6125-6150 6020 CALL OPEN 425 435-445 415 SL TRIGGERED 1000-1005 1015-1025 990 BOOKED PROFIT 545-560 525 NOT EXECUTED US ECONOMIC REPORT TIME (ET) REPORT PERIOD ACTUAL CONSENSUSFORECAST PREVIOUS 8:30 AM WEEKLY JOBLESS CLAIMS 11/23 N/A N/A 8:30 AM DURABLE GOODS ORDERS OCT. -1.8% 3.8% 9:45 AM CHICAGO PMI NOV. 63.0 65.9 10 AM UMICH CONSUMER SENTIMENT INDEX NOV. 73.0 72.0 10 AM LEADING ECONOMIC INDICATORS OCT. -- 0.7% WEDNESDAY, NOV. 27 THURSDAY, NOV. 28 THANKSGIVING DAY NONE SCHEDULED FRIDAY, NOV. 29 NONE SCHEDULED 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