Special report by epic research 3 march 2014


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Special report by epic research 3 march 2014

  1. 1. DAILY REPORT 03rd MARCH. 2014 Global markets at a glance European shares initially dipped as euro zone inflation data came in at 0.8 percent, 1/10th of a percentage point above expectations, lessening the prospect of new monetary stimulus measures from the ECB. The pan-European FTSEurofirst 300 index .FTEU3 subsequently closed up 0.22 percent at 1,348.39. Japan's Nikkei share average dropped for a third day on Friday as investors remained cautious amid tensions in Ukraine, while a stronger yen weighed on risk appetite and dragged down exporters. World Indices Index Value % Change 16321.71 +0.30 S&P 500 1859.45 +0.28 NASDAQ EURO STO FTSE 100 4308.12 3149.23 6809.70 -0.25 +0.48 -0.01 Nikkei 225 Hong Kong 14517.68 22582.52 -2.18 -1.11 DJl Top Gainers Company Wall Street Update Most stocks on Wall Street surged to record highs on Friday, overcoming jitters about Ukraine and a downward revision of economic growth. The benchmark S&P 500 stock index rose to record intraday and closing highs on mostly stronger U.S. economic data. On Wall Street, the Dow Jones industrial average .DJI closed up 49.06 points, or 0.3 percent, to 16,321.71. The S&P 500 .SPX gained 5.16 points, or 0.28 percent, to 1,859.45 while the Nasdaq Composite .IXIC dropped 10.814 points, or 0.25 percent, to 4,308.119. Previous day Roundup The S&P BSE Sensex provisionally closed near its 5-week high on Friday, led by gains in TCS, Tata Motors, Sun Pharma and ONGC. The index touched its highest intra-day level since Jan. 24 of 21,140.51. The Sensex last closed above 21k was last month, at 21,133.56 on January 24. Gains supported by consistent foreign fund inflow as overseas investors have been net buyers of cash shares in each of the previous 10 sessions, with inflows totaling around $600 million Index stats The Market was very volatile in yesterday’s session. The sartorial indices performed as follow Consumer Durables [up pts], Capital Good [up 121.15pts], PSU [up 48.66pts], FMCG [down 21.71pts], Realty [up 0.26 Pts], power [up 0.92pts], Auto [up 170.83pts], Healthcare [up 240.46pts], IT [up 139.05pts], Metals [up 84.98pts], TECK [up 69.07pts], Oil& Gas [down 1.73pts]. CMP Change % Chg 105.90 7.50 +7.62 2,271.85 89.70 +4.11 LUPIN 998.00 37.85 +3.94 BHEL 168.50 6.10 +3.76 TATAMOTORS 416.20 15.00 +3.74 CMP Change % Chg 1592.00 112.15 797.30 344.00 669.00 72.05 3.30 13.40 5.30 8.40 -4.33 -2.86 -1.65 -1.52 -1.24 Prev. Close Change %Chg 1039 18.45 +1.81 155.60 1.30 +0.84 2906.35 73.15 +2.58 368.95 0.25 +0.07 Prev. Close Change %Chg 43.75 112.15 0.40 3.30 -0.91 -2.86 CMP Change % Chg 6,276.95 +38.15 +0.61 21,120.12 +133.13 +0.63 HINDALCO TCS Top Losers Company MARUTI NTPC RELIANCE TATASTEEL HDFCBANK Stocks at 52 Week’s high Symbol AJANTPHARM ARVIND DRREDDY GAIL Stocks at 52 Week’s Low Symbol CENTRALBK NTPC Indian Indices Company NIFTY SENSEX YOUR MINTVISORY Call us at +91-731-6642300
  2. 2. DAILY REPORT 03rd MARCH. 2014 EQUITY CASH & FUTURE STOCK RECOMMENDATIONS [FUTURE] 1. BIOCON STOCK RECOMMENDATION [CASH] 1. INDOCO REMEDIES LTD BIOCON FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 460 levels. We advise buying around 460 levels with strict stoploss 450 for the targets of 468-475 levels. INDOCO REMEDIES LTD is looking strong on charts. We advise buying on dips around 140-145 levels with strict stop loss of 130 for the targets of 155-160 levels. 2. HINDALCO MACRO NEWS The fiscal deficit in the first ten months of the FY14 crossed the target for the whole year, putting pressure on cut spending ahead of an election. The fiscal deficit touched $85.95 bn during April-January, or 101.6% of the full year target, compared with 89.4 per cent at the same point a year ago, government data showed on Friday. In his interim budget on Feb. 17, Finance Minister said the fiscal deficit would not cross 4.6 per cent of GDP, revising an earlier target of 4.8 per cent. Net tax receipts were at 5.76 trillion rupees in the first ten months of the current fiscal year to March 2014, while total expenditure was 12.7 trillion rupees. Bombay HC rejects FTIL's plea to stay FMC order. Sahara chief Subrata Roy arrested in Lucknow. Third quarter GDP growth of 4.7% released on Friday, was way short of the 5.2% growth that the Finance Minister had predicted for the December and March quarters, in his Interim Budget Speech last week. The government has decided to sell 10% of its stake in the country's biggest refiner and fuel retailer, Indian Oil Corporation, to upstream oil companies ONGC and OIL in an off-market deal. HINDALCO FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 105 levels. We advise buying around 104-105 levels with strict stop loss 102 for the targets of 107-109 levels. YOUR MINTVISORY Call us at +91-731-6642300
  3. 3. DAILY REPORT FUTURE & OPTION 03rd MARCH. 2014 MOST ACTIVE PUT OPTION Symbol Traded Volume (Contracts ) STOCKS IN NEWS Government approves VRS for employees of Hindustan Photo Films. NTPC to set up Rs 17K cr power project in M.P. Tata Power to raise about Rs 2,000 crore through rights issue. IOC stake sale priced at 10% discount; government to get Rs 5,300 crore. Hinduja Ventures to invest Rs 300 cr. in IndusInd Media. Option Type Strike Price LTP Open Interest NIFTY PE 6,200 53.85 1,59,325 45,83,950 NIFTY PE 6,300 91.55 1,24,669 24,63,350 NIFTY PE 6,100 31.05 1,06,898 45,53,350 BANKNIFTY PE 10,500 125 13,735 2,37,025 SBIN PE 1,500 33.1 3,092 2,32,500 ZEEL PE 260 0.05 2,545 11,27,000 NIFTY FUTURE RELIANCE PE 800 16 2,125 3,24,750 TCS PE 2,200 22.3 2,085 83,500 Traded Volume (Contracts) Open Interest MOST ACTIVE CALL OPTION Symbol Option Type Strike Price LTP NIFTY CE 6,300 73.85 1,91,861 45,11,450 NIFTY CE 6,400 34 1,44,270 39,94,450 NIFTY CE 6,500 13.25 95,002 26,03,550 BANKNIFTY CE 11,000 135.15 ZEEL CE 270 0.05 SBIN CE 1,550 34.25 5,297 TCS CE 2,300 40.1 4,600 RELIANCE CE 820 10.35 3,642 17,272 2,42,100 5,613 17,63,000 6,97,750 Nifty Future closed in the green in the last trading ses1,09,125 sion. We advise buying around 6250-6260 levels with strict stop loss of 6220 for the targets of 6300-6340. 6,63,750 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 75514 2346.05 79654 2487.97 293714 9059.37 -141.91 INDEX OPTIONS 227442 6895.10 209460 6306.49 1051876 32835.05 588.61 STOCK FUTURES 110794 3565.12 98512 3132.52 1015127 30913.85 432.60 STOCK OPTIONS 40950 1236.28 37609 1144.71 31059 881.40 91.56 TOTAL 970.86 INDICES S2 S1 PIVOT R1 R2 NIFTY 6207.98 6242.46 6262.58 6297.06 6317.18 NIFTYJUNIOR 12013.5 12096.75 12155.05 12238.3 12296.6 BANK NIFTY 10644.43 10704.56 10749.08 10809.21 10853.73 YOUR MINTVISORY Call us at +91-731-6642300
  4. 4. DAILY REPORT 03rd MARCH. 2014 COMMODITY MCX RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER(MAY) ABOVE 47700 TGTS 47950/48300 SL 47350 SELL SILVER(MAY) BELOW 47150 TGTS 46900/46550 SL 47500 GOLD TRADING STRATEGY: BUY GOLD(APR) ABOVE 30050 TGTS 29970/29850 SL 30150 SELL GOLD(APR) BELOW 30220 TGTS 30300/30420 SL 30120 YOUR MINTVISORY COMMODITY ROUNDUP Brent oil prices dropped below $109 a barrel as the revised GDP estimates curbed the demand outlook. But U.S. oil rose on market talk of decreased supply from the Bakken shale. Crude oil loadings at a dozen major North Dakota rail terminals fell by more than 200,000 barrels on average in the past two days, data from industry intelligence provider Gens cape showed. Ukraine tensions and the new GDP estimates capped gains. Brent crude rose 11 cents to settle at $109.07 a barrel. U.S. oil settled up 19 cents at $102.59. Crude oil futures edged lower during early European trading hours on Friday, as markets eyed the release of U.S. economic growth data later in the day. U.S. COMEX gold futures for April delivery settled down $10.20 at $1,321.60 an ounce. Gold futures slipped lower on Friday, after Federal Reserve Chairwoman Janet Yellen said the bank will continue tapering its monthly bond purchases, while investors eyed the release of U.S. economic growth data later in the day. When the day ended gold closed at 1,326.4, down 5.40 (-0.41%) for the day. Gold was down 1.12% from its high on Monday. Tracking a firming trend overseas, copper futures prices rose by 0.14% to Rs 443.70 per kg on Friday as speculators enlarged positions. Further, pick-up in demand at spot markets also supported the upside. At the Multi Commodity Exchange, copper for delivery in February up by 60 paisa, or 0.14%, to Rs 443.70 per kg, with a business turnover of 108 lots. Similarly, the metal for delivery in April traded 50 paisa, or 0.11% higher, at Rs 443.15 per kg, with a business turnover of 53 lots. Nickel prices rose by 0.20% to Rs 895 per kg in futures trading today as speculators enlarged their positions, tracking a firm trend at spot market on pick up in demand from alloy-maker. Besides, a firm trend in base metals at the London Metal Exchange also influenced prices. At the Multi Commodity Exchange, Nickel for delivery in February rose by Rs 1.80, or 0.20%, to Rs 895 per kg in business turnover of 201 lots. On the similar lines, the metal prices for delivery in March contracts traded higher by Rs 1.40, or 0.16%, to Rs 899.60 per kg in 164 lots. Call us at +91-731-6642300
  5. 5. DAILY REPORT 03rd MARCH. 2014 NCDEX RECOMMENDATIONS GUARGUM NCDEX INDICES Index Value % Change Castor Seed 4119 -1.65 Chana 3164 +1.48 Coriander 9386 +0.88 Cotton Seed Oilcake 1522 -0.59 11500 -0.37 Maize– Feed/Industrial Grade 1218 0.00 Mustard seed 3512 +1.50 Soy Bean 4169 -0.57 Turmeric 6910 -1.00 Jeera BUY GURAGUM ABOVE 13370 TG 13420, 13500 SL 13280 SELL GURAGUM BELOW 12270 TG 12220 ,12170 SL 12360 DHANIYA NCDEX ROUNDUP Supported by pick up in demand in the spot market against limited arrivals from producing regions, coriander prices rose by 2.60% to Rs 9,546 per quintal in futures trade today as speculators enlarged positions. At the National Commodity and Derivative Exchange, coriander for delivery in April rose by Rs 242, or 2.60% to Rs 9,546 per quintal with an open interest of 43080 lots. Similarly, the spice for delivery in May gained Rs 242, or 2.55% to Rs 9,724 per quintal in 28,760 lots. Soybean prices have risen substantially in a fortnight due to low supplies and fear of damage to Rabi oilseed crop because of unseasonal rainfall in Rajasthan, Madhya Pradesh and Gujarat, traders say. "Soybean supplies have been declining every day since last week for various reasons like rainfall and holidays in physical markets among others," .Soybean arrivals in Madhya Pradesh on Friday were around 60,000 bags of 100 kg each compared to 85,000 bags a fortnight ago. BUY DHANIYA ABOVE 9500 TG 9530,9580 SL 9450 SELLDHANIYA BELOW 9320 TG 9290,9240 SL 9370 YOUR MINTVISORY Sugar prices gained 0.64% to Rs 2,851 per quintal in futures trade today as speculators created positions, triggered by a rise in demand in the spot market amid fall in output. At the National Commodity and Derivatives Exchange, sugar for delivery in April rose by Rs 18, or 0.64% to Rs 2,851 per quintal with an open interest of 29,710 lots. Likewise, the sweetner for delivery in March traded higher by Rs 13, or 0.47% to Rs 2782 per quintal in 25120 lots Call us at +91-731-6642300
  6. 6. DAILY REPORT 03rd MARCH. 2014 CURRENCY RBI Reference Rate Currency Rate Currency Rupee- $ 62.0720 Yen-100 Euro 85.0285 GBP USD/INR SELL USD/INR BELOW 62.18 TGTS 62.05, 61.92 SL 62.47. BUY USD/INR ABOVE 62.48 TGTS 62.61, 62.75 SL 62.19. JPY/INR Rate 60.9900 103.6106 CURRENCY ROUNDUP Indian rupee rose on Friday against US dollar. Rupee increased 19 paisa or 0.31% against US dollar to settle at 61.80 compared to previous close of 61.99. It touched a high of 61.79 and low of 62.14 after opening at 62.10. The rupee fell by 14 paisa to 62.12 against the dollar in early trade on Friday at the Interbank Foreign Exchange due to month-end demand for the American currency from importers, including oil firms. The rupee had lost four paise to close at 61.98 against the dollar in the previous session on Wednesday. The forex and money markets remained closed yesterday for "Mahashivratri". The euro gained as traders had expected a slower pace of inflation in the euro zone and subsequent lower interest rates. The euro rose 0.71 percent to $1.3805, its first time above $1.38 this year. The dollar slipped against the Japanese yen, falling 0.28 percent 101.82 yen. The dollar was broadly lower against the other major currencies on Friday, as the release of positive euro zone economic reports supported demand for the single currency, while demand for the greenback remained under ahead of a report on economic growth in the U.S. The dollar was lower against the euro, with EUR/USD up 0.61% to 1.3793. The pound was higher against the dollar, with GBP/USD rising 0.34% to 1.6745. The dollar was lower against the yen and the Swiss franc, with USD/JPY slipping 0.27% to 101.83 and with USD/CHF declining 0.68% to 0.8823. SELL JPY/INR BELOW 60.97 TGTS 60.83, 60.69 SL 61.26. BUY JPY/INR ABOVE 61.32 TGTS 61.45, 61.59 SL 61.03. YOUR MINTVISORY The greenback was steady to lower against the Australian, New Zealand and Canadian dollars, with AUD/USD down 0.04% to 0.8962, NZD/USD climbing 0.59% to 0.8418 and USD/CAD inching 0.05% higher to 1.1129. The U.S. dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.54% to 79.86. Call us at +91-731-6642300
  7. 7. DAILY REPORT 03rd MARCH. 2014 CALL REPORT PERFORMANCE UPDATES Date Commodity/ Currency Pairs Contract Strategy Entry Level Target Stop Loss Remark 28/02/14 MCX GOLD APR. BUY 30185 30235-30315 30100 BOOKED FULL PROFIT 28/02/14 MCX GOLD APR. SELL 30005 29955-29875 30090 NOT EXECUTED 28/02/14 MCX SILVER MAR. BUY 46820 47020-47220 46470 NOT EXECUTED 28/02/14 MCX SILVER MAR. SELL 46200 46000-45800 46500 NOT EXECUTED 28/02/14 NCDEX GUARGUM MAR. BUY 13090 13140-13220 13000 NOT EXECUTED 28/02/14 NCDEX GUARGUM MAR. SELL 12850 12800-12720 12940 28/02/14 NCDEX DHANIYA APR. BUY 9350 9380-9430 9300 28/02/14 NCDEX DHANIYA APR. SELL 9255 9225-9175 9305 NOT EXECUTED 28/02/14 GBP/INR MAR. SELL 103.52 103.82 NOT EXECUTED 28/02/14 GBP/INR MAR. BUY 104.16 103.86 BOOKED FULL PROFIT 28/02/14 JPY/INR MAR. SELL 60.50 60.37-60.23 60.78 NOT EXECUTED 28/02/14 JPY/INR MAR. BUY 61.04 61.17-61.31 60.76 NO PROFIT NO LOSS CASH/ FUTURE/ OPTION Strategy Date Scrip Entry Level 103.38103.23 104.30104.45 Target Stop Loss BOOKED FULL PROFIT BOOKED FULL PROFIT Remark 28/02/14 NIFTY FUTURE BUY 6220-6240 6280-6300 6200 NOT EXECUTED 28/02/14 M&M FUTURE BUY 960-965 975-985 950 BOOKED PROFIT 28/02/14 CESC FUTURE BUY 475 480-485 470 BOOKED FULL PROFIT 28/02/14 POLARIS CASH BUY 155-160 170-175 145 CALL OPEN 26/02/14 NIFTY FUTURE SELL 6220-6230 6180-6150 6250 SL TRIGGERED 20/02/14 TCS FUTURE BUY 2200-2220 2250-2300 2150 BOOKED PROFIT 17/02/14 AMTEK INDIA CASH BUY 64-65 70-75 60 CALL OPEN 10/02/14 KRBL CASH BUY 45-46 50-54 40 CALL OPEN YOUR MINTVISORY Call us at +91-731-6642300
  8. 8. DAILY REPORT ECONOMIC CALENDAR 03rd MARCH. 2014 NEXT WEEK'S U.S. ECONOMIC REPORTS TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS MONDAY, MARCH 3 8:30 am Personal income Jan. 0.2% 0.0% 8:30 am Consumer spending Jan. 0.2% 0.4% 9 am Markit PMI Feb. -- 56.7 10 am Construction spending Jan. -0.4% 0.1% 10 AM ISM NONMANUFACTURING JAN. 53.0% TUESDAY, MARCH 04 None scheduled WEDNESDAY, MARCH 05 8:15 am ADP employment Feb. -- 175,000 10 am ISM nonmanufacturing Feb. 53.5% 54.0% 2 pm Beige Book THURSDAY, MARCH 06 8:30 am Weekly jobless claims 3-1 338,000 348.000 8:30 am Productivity 4Q 1.7% 3.2% 10 am Factory orders Jan. -0.8% -1.5% FRIDAY ,MARCH 07 8:30 am Nonfarm payrolls Feb. 140,000 113,000 8:30 am Unemployment rate Feb. 6.6% 6.6% 8:30 am Trade deficit Jan. -39.9 bln -$38.7 bln 3 pm Consumer credit Jan. -- $18.8 bln 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