Special report by epic research 6 december 2013


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Special report by epic research 6 december 2013

  1. 1. DAILY REPORT 06th DECEMBER. 2013 Global markets at a glance European shares extended losses early on Thursday as investors continued to trim positions in light of stronger economic data that has heightened worries over the potential for an early winding down of equity-friendly stimulus. Asian markets steadied on Friday as Japanese shares recouped early losses, though investors were pensive ahead of jobs data that could make or break the case for an imminent scaling back in U.S. stimulus. The Dow Jones industrial average .DJI slipped 68.26 points, or 0.43 percent, to end at 15,821.51. The Standard & Poor's 500 Index .SPX fell 7.78 points, or 0.43 percent, to finish at 1,785.04. The Nasdaq Composite Index .IXIC dropped 4.84 points, or 0.12 percent, to close at 4,033.17. World Indices Index Value % Change 15,821.51 -0.43 S&P 500 1,785.03 -0.43 NASDAQ EURO STO FTSE 100 4,033.17 2,953.17 6,498.33 -0.12 -1.29 -0.18 Nikkei 225 Hong Kong 15,197.22 23,623.49 +0.13 -0.38 DJl Top Gainers Company CMP Change % Chg IDFC 112.55 7.15 +6.78 ICICIBANK 1,136.9 70.65 +6.63 688 30.40 +4.62 1,087.10 47.85 +4.60 171.5 6.90 +4.19 CMP Change % Chg 576.5 2,41 854.00 308.7 565.00 14.35 39.35 12.20 4.15 7.00 -2.43 -1.61 -1.41 -1.33 -1.22 Prev. Close Change %Chg CEATLTD 314.35 16.50 -4.99 CROPGREAV 127.25 5.15 -4.22 JSWSTEEL 930.00 1.70 -0.18 NAHARSPRING 113.00 0.55 -0.49 REPCOHOME 324.50 2.20 -0.67 Prev. Close Change %Chg 130.30 103.00 7.35 1.65 -5.34 -1.58 CMP Change % Chg 6,241.10 20,957.81 +80.15 +249.10 +1.30 +1.20 HDFCBANK LT Wall Street Update U.S. stocks fell on Thursday, with the Dow and S&P 500 dropping for a fifth straight session after a round of mixed economic data left traders guessing as to when the Federal Reserve would begin to slow its stimulus program. Previous day Roundup The benchmark BSE index provisionally gained 1.16 percent, marking its highest close since Nov. 5, while the broader NSE index ended higher by 1.24 percent, earlier rising as much as 2.3 percent. Indian shares rose over 1 percent on Thursday to mark their highest close in a month, as stocks of blue chips, including lenders surged after exit polls predicted a strong showing for the key opposition party in state elections held recently. The election results are due on Sunday. Index stats The Bankex and Bank Nifty both advanced 4.44% & 4.56% respectively. Among the sartorial indices, the sectors went up are; Capital Goods [up 353.09pts], Oil & Gas [up 107.09pts], AUTO [up 45.60pts], PSU [up 87.34pts], Consumer Durables [up 21.57pts], Power [up 21.85pts], Metals [up 86.95pts], Realty [up 20.90pts], and the index slipped were; TECK [down 17.29pts], IT [down 42.80pts], and Healthcare [down 141.01pts], FMCG [down 60.39pts]. BHEL Top Losers Company SUNPHARMA DRREDDDY LUPIN ITC HINDUNILVR Stocks at 52 Week’s high Symbol Stocks at 52 Week’s Low Symbol DEN MANINFRA Indian Indices Company NIFTY SENSEX YOUR MINTVISORY Call us at +91-731-6642300
  2. 2. DAILY REPORT 06th DECEMBER. 2013 EQUITY CASH & FUTURE STOCK RECOMMENDATIONS [FUTURE] 1. YES BANK STOCK RECOMMENDATION [CASH] 1. SAREGAMA INDIA LTD. 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 395, We advise buying around 392-395 levels with strict stop loss of 385 for the targets of 400-410 levels. SAREGAMA INDIA LTD is looking strong on charts. We advise buying above 80 levels with strict stop loss of 75 for the targets of 85-90 levels. 2. HIND PETRO MACRO NEWS  Indian Energy Exchange sees oversupply of electricity. The demand for electricity in Northern Region fell as much as 25%.  Royal Bank of Scotland and rating agency Standard & Poor's have been sued by a group of European institutional investors for damages of up to USD 250 million .  Foreign funds & private equity investors, putting money in debt as well as equity in India, were taken aback when India last month notified Cyprus as a "notified jurisdictional area" under Indian income-tax law.  M&M, the country's largest utility vehicle maker, is developing the world's first hybrid technology .  Reliance Retail will shut 16 of its 20 exclusive Apple iStores as several of them don't comply with the global store design specified by the maker of iPhones and iPads, which could disrupt the US company's bid to intensify sales efforts in India.  The RBI will soon introduce cash-settled interest rate futures on 10-year govt bonds and has also permitted exchanges to launch these derivatives in other smaller tenor securities in the future.  RBI to sell 150 bln rupees of government bonds. HIND PETRO FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 222, We advise buying around 222-224 levels with strict stop loss of 218 for the targets of 228-230 YOUR MINTVISORY Call us at +91-731-6642300
  3. 3. DAILY REPORT FUTURE & OPTION 06th DECEMBER. 2013 STOCKS IN NEWS  3 companies bid for Axis Bank’s swipe business.  Strides completes $1.75 bn sale of Agila to Mylan.  Cipla Holding BV, a wholly owned subsidiary of the company, has acquired 100% stake in Celeris.  Jubilant Life Sciences gets warning letter from USFDA.  JUSTDIAL to launch e-commerce services.  Cairn India to invest up to $750mn on KG-Basin over 5yrs. MOST ACTIVE PUT OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY PE 6,000 43.55 2,12,207 53,39,750 NIFTY PE 6,100 67.10 1,95,968 41,01,350 NIFTY PE 6,200 100 1,89,923 40,62,350 BANK NIFTY PE 11,000 140.40 15,422 2,29,450 ICICIBANK PE 1,100 27.00 2,817 3,40,750 SBIN PE 1,800 40.00 2,744 2,55,125 RELIANCE PE 860 15.00 1,855 3,21,500 POWERGRI PE 90 0.95 1,706 80,52,000 Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY FUTURE MOST ACTIVE CALL OPTION Symbol Option Type NIFTY CE 6,400 74.55 2,59,490 57,27,250 NIFTY CE 6,500 42.70 2,33,943 58,01,800 NIFTY CE 6,300 117.85 1,73,619 46,59,750 BANKNIFTY CE 12,000 245.00 17,211 2,32,600 SBIN CE 1,900 50.00 5,726 3,02,625 RELIACE CE 880 19,05 3,205 4,40,000 UNITECH CE 17 0.60 2,886 2,06,48,000 DLF CE 160 6.35 2,343 12,23,000 BHEL CE 170 6.50 2,332 12,58,000 Nifty Future closed in the green in the last trading session. We advise buying around 6240-6250 with strict stop loss of 6200 for the targets of 6280-6330. 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 91554 2860.97 66952 2089.21 469486 14667.95 771.76 INDEX OPTIONS 455524 14138.93 411265 12695.94 1732785 53915.26 1443.00 STOCK FUTURES 79791 2162.29 53029 1464.84 1092280 30434.91 697.44 STOCK OPTIONS 32061 861.96 31216 852.63 42543 1130.97 9.33 TOTAL 2921.53 INDICES NIFTY S2 S1 PIVOT R1 R2 6189.33 6215.21 6257.88 6283.76 6326.43 NIFTYJUNIOR 12319.26 12364.58 12438.36 12483.68 12557.46 BANK NIFTY 11390.46 11527.78 11606.66 11743.98 11822.86 YOUR MINTVISORY Call us at +91-731-6642300
  4. 4. DAILY REPORT 06th DECEMBER. 2013 COMMODITY MCX RECOMMENDATIONS SILVER COMMODITY ROUNDUP Indian gold premiums hit another record on Thursday, driven by lower supplies to meet firm demand for weddings, which will continue till May. Local prices were $150160 an ounce higher than London prices, Vs $125 earlier this week. spot gold was up 0.25% at $1,227.65 an ounce. Nymex crude was off 5 cents at $97.33. Brent crude was off 4 cents at $110.94, but again still up for the week. Brent crude oil futures fell and U.S. crude oil futures gained for a fifth straight session on Thursday, narrowing the gap between the two benchmarks to a two-week low as positive U.S. economic data hinted at a resurgence of demand for oil in the world's largest consumer. Global coking coal supply is expected to remain stable in Dec 2013 amid dry weather in major coal producing regions of Australia. However, a slight rise in spot supply is expected as sellers prepare to close their books for the year. TRADING STRATEGY: BUY SILVER MAR ABOVE 44920 TGT 45120/45420 SL 44620 SELL SILVER MAR BELOW 44290 TGT 44090/43790 SL 44590 GOLD Tracking a weak global trend, silver prices moved down by 1.08% to Rs 44,590 per kg in futures trade yesterday as speculators partially offloaded positions. At MCX silver for delivery in March 2014 moved down by Rs 487, or 1.08% to Rs 44,590 per kg in business turnover of 537 lots. Similarly, the white metal for delivery in current month declined by Rs 343, or 0.83%, to Rs 43,468 per kg in 7 lots. Speculators trimmed positions in tandem with a weak global trend, mainly weighed on the silver prices at futures trade. Meanwhile, silver fell by 0.40% to $19.61 an ounce in Singapore. It dropped to $18.90 yesterday, the lowest since July 8. Copper prices fell by 0.88% to Rs 447.35 per kg in futures trade yesterday as speculators trimmed their positions. At MCX, copper for delivery in February fell Rs 3.95, or 0.88%, to Rs 447.35 per kg in business turnover of 1,942 lots. Meanwhile, copper fell 0.40% to $7,065 a tonne on the London Metal Exchange. TRADING STRATEGY: BUY GOLD FEB ABOVE 29450 TGT 29530/29630 SL 29350 SELL GOLD FEB BELOW 29160 TGT 29060/28940 SL 29280 YOUR MINTVISORY Taking cues from global markets and subdued spot demand, lead prices eased by 0.58% to Rs 129.25 per kg in futures trade yesterday as speculators indulged in reducing exposures. At MCX lead for delivery in January next year fell by 75 paise, or 0.58%, to Rs 129.25 per kg in business turnover of 39 lots. Call us at +91-731-6642300
  5. 5. DAILY REPORT 06th DECEMBER. 2013 NCDEX RECOMMENDATIONS CASTORSEED NCDEX INDICES Index Value % Change Barley 1351 +0.48 Castor Seed 4332 -0.64 Chana 2913 -1.09 Chilli 6648 +1.93 Coriander 7475 -0.59 Cotton Seed Oilcake 1417 +0.50 12405 -0.36 3712 -0.72 701 -1.11 4980 -1.97 Jeera Mustard seed Ref Soya Oil Turmeric SELL CASTORSEED BELOW 4320 TGTS 4290/4240 SL 4370 BUY CASTORSEED ABOVE 4370 TGTS 4400/4450 SL 4320 DHANIYA NCDEX ROUNDUP India Rubber Board demands ban on Rubber import. Suggestion raised was to raise the import duty to 25 per cent without imposing any cap on the maximum limit. The members also urged the Central and State governments to implement a scheme for joint procurement of rubber. It was also suggested that the purchase tax of 5 per cent levied by the Kerala Government be reduced. Chana prices moved down by 0.34% to Rs 2,935 per quintal in futures market yesday as speculators trimming their positions, tracking a weak trend at spot market on sluggish demand against increased supplies. Expectations of better output this season on favorable weather conditions also put pressure on chana prices. At NCDEX chana for delivery in December declined by Rs 10, or 0.34% to Rs 2935 per quintal with an open interest of 60710 lots. SELL DHANIYA BELOW 7450 TGTS 7420/7370 SL 7500 BUY DHANIYA ABOVE 7600 TGTS 7630/7670 SL 7550 YOUR MINTVISORY India nutrient food consumption falls 40% due to inflation, healthy eating costly. a marked improvement in yields and lower reliance on imports have kept a leash on pulses prices. Slowing income growth and a likely moderation in demand for pulses have helped too. Call us at +91-731-6642300
  6. 6. DAILY REPORT 06th DECEMBER. 2013 CURRENCY RBI Reference Rate Currency Rate Currency Rupee- $ 61.6895 Yen-100 Euro 84.0690 GBP GBP/INR SELL GBP/INR BELOW 101.20 TGTS 101.07,100.80 SL 101.65. BUY GBP/INR ABOVE 101.95 TGTS 102.12,102.38 SL 101.45. EUR/INR Rate 60.4400 101.0782 CURRENCY ROUNDUP The Indian rupee rose to a five-week high against the dollar and stocks jumped more than 2 percent to near record highs on Thursday as exit polls predicted a strong showing for the key opposition party in recent state elections. The rupee rose to as high as 61.52 against the dollar, its strongest level since Oct 31. It was last trading at 61.56/57 compared to its 62.05/06 close on Wednesday. Economic data has also turned more favorable, with data this week showing the current account deficit narrowed to 1.2 percent of gross domestic product, the smallest deficit since the June quarter of 2009. The single currency was up at $1.3663 having finally smashed through tough resistance at $1.3620. The next chart target was $1.3705/18, which would not be too distant from the 2013 peak of $1.3832. Against the yen, it edged up to 139.24, but struggled to break above a fiveyear peak of 140.03 set earlier in the week. The dollar was mixed against the other major currencies on Thursday, as markets were jittery ahead of a string of U.S. economic reports, as well as policy statements by the European Central Bank and the Bank of England. During European morning trade, USD/JPY slipped 0.25% to 102.10. The euro traded at five-week highs against the dollar early in Asia on Friday, having powered higher overnight after the European Central Bank gave no fresh indication that it would ease policy anytime soon. SELL EUR/INR BELOW 84.00 TGTS 83.85, 83.67 SL 84.45. BUY EUR/INR ABOVE 84.75 TGTS 84.96, 85.16 SL 84.30. YOUR MINTVISORY The Reserve Bank of India said on Thursday it accepted all 12 bids for 80.62 billion rupees at its one-day reverse repo auction through which it absorbs excess liquidity from the banking system. It had accepted all 4 bids for 12.49 billion rupees at its one-day repo auction through which it injects liquidity into the banking system. Indian banks' refinancing with RBI falls to 140.95 billion rupees. Indian banks' cash balances with RBI fall to 3.17 trillion rupees. Call us at +91-731-6642300
  7. 7. DAILY REPORT 06th DECEMBER. 2013 CALL REPORT PERFORMANCE UPDATES Date Commodity/ Currency Contract Strategy Entry Level Target Stop Loss Remark 05/12/13 MCX GOLD FEB. BUY 29790 29870-29970 29690 NOT EXECUTED 05/12/13 MCX GOLD FEB. SELL 29280 29200-29100 29380 BOOKED FULL PROFIT 05/12/13 MCX SILVER MAR BUY 45450 45650-45950 45150 NOT EXECUTED 05/12/13 MCX SILVER MAR SELL 44300 44100-43800 44600 BOOKED PROFIT 05/12/13 NCDEX CASTOR SEED JAN. SELL 4340 4310-4260 4390 BOOKED PROFIT 05/12/13 NCDEX CASTOR SEED JAN. BUY 4425 4455-4495 4485 NOT EXECUTED 05/12/13 NCDEX DHANIYA DEC. BUY 7550 7580-7630 7500 BOOKED PROFIT 05/12/13 NCDEX DHANIYA DEC. SELL 7460 7430-7380 7510 NO PROFIT NO LOSS 05/12/13 USD/INR DEC. SELL 62.42 62.30-62.16 62.82 NOT EXECUTED 05/12/13 USD/INR DEC. BUY 62.95 63.12-63.28 62.55 NOT EXECUTED 05/12/13 EUR/INR DEC. SELL 84.80 84.67-84.50 85.25 NOT EXECUTED 05/12/13 EURINR DEC. BUY 85.52 85.65-85.84 85.10 NOT EXECUTED Date Scrip CASH/FUTURE Strategy Entry Level Target Stop Loss Remark 05/12/13 NIFTY FUTURE SELL 6170 6150-6120 6195 NOT EXECUTED 05/12/13 BOB FUTURE BUY 660 668-678 650 BOOKED FULL PROFIT 05/12/13 GODREJIND FUTURE SELL 272 269-264 277 NOT EXECUTED 05/12/13 CAN BANK CASH BUY 250 253-258 245 BOOKED FULL PROFIT US ECONOMIC REPORT TIME (ET) REPORT 8:30 AM WEEKLY JOBLESS CLAIMS 8:30 AM GDP REVISION 10 AM FACTORY ORDERS PERIOD ACTUAL CONSENSUSFORECAST PREVIOUS THURSDAY, DEC. 05 11/30 N/A N/A 3Q 3.1% 2.8% OCT. -0.7% 1.7% FRIDAY, DEC. 06 8:30 AM NONFARM PAYROLLS NOV. 180,000 204,000 8:30 AM UNEMPLOYMENT RATE NOV. 7.2% 7.3% 8:30 AM PERSONAL INCOME OCT. 0.3% 0.5% 8:30 AM CONSUMER SPENDING OCT. 0.2% 0.2% 8:30 AM CORE PCE PRICE INDEX OCT. 0.1% 0.1% 9:55 AM UMICH CONSUMER SENTIMENT INDEX DEC. 74.0 72.0 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