Special report by epic research 7 febuary 2014


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Special report by epic research 7 febuary 2014

  1. 1. DAILY REPORT 7th FEBRUARY. 2014 Global markets at a glance Asian shares regained a measure of stability on Friday, stepping further away from five-month lows after a strong night on Wall Street. In early trade, MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.3 percent, a day after the index posted its biggest gains in over two months. The index bounced 1.6 percent from a five-month low hit on Wednesday. Japan's Nikkei also rose 1.8 percent .N225. Wall Street Update U.S. stocks posted their best day of the year on Thursday after a drop in applications for unemployment insurance boosted confidence in the economy and Disney's results overshot expectations. The rally came ahead of the widelyfollowed payrolls report for January due Friday. Other economic data showed the U.S. trade deficit widened more than expected in December as exports fell, which could see the advance fourth-quarter growth estimate trimmed. The Dow Jones industrial average .DJI rose 188.3 points or 1.22 percent, to 15,628.53, the S&P 500 .SPX gained 21.79 points or 1.24 percent, to 1,773.43 and the Nasdaq Composite .IXIC added 45.57 points or 1.14 percent, to 4,057.122. Previous day Roundup The 30-share BSE benchmark Sensex maintained positive momentum amid consolidation for the third consecutive session on Thursday. Investors seem to be buyers in most beaten down shares as they seem to be doing bargain hunting. Global markets supported too. The Sensex fell 181 points intraday due to shorting of index futures before closing 49.71 points higher at 20,310.74. The Nifty rose 13.90 points to 6,036.30 after hitting an intraday low of 5,965.40. Index stats The Market was very volatile in yesterday’s session. The sartorial indices have following status: Consumer Durables [up 55.17pts] Capital Good [down 86.85pts], PSU [up 34.71pts], FMCG [up 87.78pts] Realty [down 19.05Pts], Power [up 6.60pts], Auto [ up 98.72pts], Healthcare [down 7.22pts], IT [down 15.621pts], Metals [up pts], TECK [0.00 pts] Oil& Gas [up 2.55pts]. World Indices Index Value % Change 15628.53 +1.22 S&P 500 1773.43 +1.24 NASDAQ EURO STO FTSE 100 4057.12 3010.79 6558.29 +1.14 +163 +1.55 Nikkei 225 Hong Kong 14408.74 21541.18 +1.79 +1.02 DJl Top Gainers Company CMP Change % Chg COAL INDIA 268.00 12.80 +5.02 HINDUNILVR 587.00 17.00 +2.98 TATAPOWER 75.05 2.10 +2.68 NMDC 144.00 3.80 +2.71 CAIRN 332.50 7.65 +2.35 CMP Change % Chg 37.75 156.70 135.10 550.00 334.10 1.15 4.15 3.00 10.90 6.15 -2.96 -2.58 -2.17 -1.94 -1.81 Prev. Close Change %Chg ABAN 523.00 1.30 -0.25 GLOBOFFS 142.05 6.75 +4.99 IPCLAB 800.00 16.75 -2.05 RSYSTEMS 470.25 78.35 +19.99 Prev. Close Change %Chg 56.40 32.75 0.45 1.05 +0.80 -3.11 CMP Change % Chg 6,036.30 +13.90 +0.23 20,310.74 +49.71 +0.25 Top Losers Company JPASSOCIAT BHEL DLF PNB RANBAXY Stocks at 52 Week’s high Symbol Stocks at 52 Week’s Low Symbol GENESYS MAHABANK Indian Indices Company NIFTY SENSEX YOUR MINTVISORY Call us at +91-731-6642300
  2. 2. DAILY REPORT 7th FEBRUARY. 2014 EQUITY CASH & FUTURE STOCK RECOMMENDATIONS [FUTURE] 1. TATA COMM STOCK RECOMMENDATION [CASH] 1. PATEL ENGINEERING TATA COMM FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 300 levels. We advise buying above 300 levels with strict stop loss 294 for the targets of 305-310 levels. PATEL ENGINEERING is looking strong on charts. We advice buying around 56-58 levels with strict stop loss of 50 for the targets of 60-64 levels. 2. HINDUNILEVER MACRO NEWS  Employees of public sector banks will go on a two-day nation-wide strike from February 10 as unions and management have failed to reach a consensus on wage revision.  Bank of Baroda posted a marginal rise of 3.6% in net profit at Rs 1,047.84 crore in December quarter of the current financial year. The bank had posted a net profit of Rs 1,011.62 crore during the same quarter of the previous fiscal.  Central Bank of India has reported 65.8% slump in net profit at Rs 61.53 cr for Q3ended December 31, 201314. It had reported net profit of Rs 179.94 crore in the October-December quarter 2012-13.  Australia said it was keen to sign the Comprehensive Economic Cooperation Agreement with India to bring trade and investment ties to the forefront.  Reliance Group-owned power distribution companies in Delhi today approached the Supreme Court against NTPC's notice threatening to cut off power supply for not clearing outstanding dues. HINDUNILEVER FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 586 levels. We advise buying around 585-588 levels with strict stoploss of 580 for the targets of 594-598 levels. YOUR MINTVISORY Call us at +91-731-6642300
  3. 3. DAILY REPORT FUTURE & OPTION 7th FEBRUARY. 2014 MOST ACTIVE PUT OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts ) NIFTY PE 5,900 51.35 3,19,807 65,52,850 NIFTY PE 6,000 82.95 3,14,601 76,70,500 NIFTY PE 5,800 31.4 2,30,835 48,18,300 BANKNIFTY PE 10,000 189.9 27,506 3,77,475 SBIN PE 1,500 56 4,051 4,24,125 AXISBANK PE 1,100 35.05 1,874 2,45,750 RELIANCE PE 820 19.1 1,488 3,30,000 TCS PE 2,100 23 1,362 91,000 Traded Volume (Contracts) STOCKS IN NEWS  CCI has cleared Essar Steel's proposed sale of a gas plant in Gujarat to Inox Air Products.  Discoms like RInfra, Tata Power plug into social media to redress consumer grievances  Charak Pharmaceuticals wins case against Glenmark over drug name.  CCEA clears Vodafone's Rs 10,141 cr. FDI proposal.  Etihad to buy stake in Jet's unit. Open Interest Open Interest NIFTY FUTURE MOST ACTIVE CALL OPTION Symbol Option Type Strike Price LTP NIFTY CE 6,100 77.9 3,37,173 42,78,450 NIFTY CE 6,200 39.95 2,80,574 54,31,850 NIFTY CE 6,300 18 1,85,060 39,16,400 BANKNIFTY CE 10,500 161 24,011 2,49,525 SBIN CE 1,550 38.5 6,555 4,74,875 RELIANCE CE 840 11 3,117 7,87,250 ICICIBANK CE 1,000 20.4 2,175 AXISBANK CE 2,200 43 2,168 Nifty Future closed in the green in the last trading ses5,65,750 sion. We advise buying around 6000 levels with strict 95,125 stop loss of 5970 for the targets of 6050-6085 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 47442 1396.89 55628 1644.04 400521 11923.38 -247.14 INDEX OPTIONS 514622 14984.74 502489 14651.26 1434040 43080.14 333.48 STOCK FUTURES 58206 1836.13 52931 1693.72 1019984 30275.84 142.42 STOCK OPTIONS 44481 1295.27 43953 1280.77 45942 1322.62 14.50 TOTAL 243.25 INDICES S2 S1 PIVOT R1 R2 NIFTY 5933.73 5985.01 6016.68 6067.96 6099.63 NIFTYJUNIOR 11880.2 11954.1 12012.55 12086.45 12144.9 BANK NIFTY 9997.79 10101.5 10211.5 10315.2 10425.2 YOUR MINTVISORY Call us at +91-731-6642300
  4. 4. DAILY REPORT 7th FEBRUARY. 2014 COMMODITY MCX RECOMMENDATIONS SILVER COMMODITY ROUNDUP Gold held steady on Thursday as global equities remained volatile amid lower risk appetite and concerns over economic growth, and as investors waited for cues from US jobs data. A mixed bag of US data added to pressure from the emerging markets turmoil on equity markets, underpinning safe-haven assets such as gold and the yen. Tracking a firm global trend on speculation that demand for the metal used in corrosion resistance in stainless steel will increase, nickel prices moved up by 0.44% to Rs 875.70 per kg in futures trade yesterday. Besides, increased demand from alloy-makers in the domestic spot market further supported the uptrend. At the Multi Commodity Exchange, nickel for delivery in March moved up by Rs 3.80, or 0.44% to Rs 875.70 per kg in business turnover of 24 lots. In a similar fashion, the metal for delivery in February traded higher by Rs 3.20, or 0.37% to Rs 867.80 per kg in 918 lots. TRADING STRATEGY: BUY SILVER ABOVE 44700 TGTS 44900/45200 SL 44300 SELL SILVER BELOW 44300 TGTS 44100/43800 SL 44700 GOLD Silver prices moved up by 0.92% to Rs 44,799 per kg in futures market yesterday as speculators enlarged their positions amid a firming trend overseas. At the Multi Commodity Exchange, silver for delivery in March moved up by Rs 407, or 0.92% to Rs 44,799 per kg in business turnover of 2,811 lots. Likewise, the white metal for delivery in May contracts traded higher by Rs 383, or 0.84% to Rs 45,734 per kg in 81 lots. Analysts said the rise in silver prices at futures trade was mostly attributed to a firming trend in the global markets. Meanwhile, silver climbed 0.2% to 19.93 dollar an ounce in Singapore. SILVER MCX Short term trend is UP, Immediate support @ 44950Immediate Resistance @ 45250 SILVER MCX Closed @ 43557.00 . Yesterday Intraday Range of SILVER MCX was 740. Volumes were 25230 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements. TRADING STRATEGY: BUY GOLD(APR) ABOVE 28820 TGTS 28900/29000 SL 28700 SELL GOLD(APR) BELOW 28600 TGTS 28520/28420 SL 28720 YOUR MINTVISORY GOLD MCX Short term trend is UP, Immediate support @28600 Immediate Resistance @29000 GOLD MCX Closed @28632. Yesterday Intraday Range of GOLD MCX was 313 Volumes were 15280 lots. For today Keep close eye on US data, volatility may Rule overall Market due to USDINR Movement. Call us at +91-731-6642300
  5. 5. DAILY REPORT 7th FEBRUARY. 2014 NCDEX RECOMMENDATIONS CASTORSEED NCDEX INDICES Index Value % Change Castor Seed 4034 -0.07 Chana 2805 -0.57 Coriander 8195 +1.60 Cotton Seed Oilcake 1561 +0.45 11867.5 -0.23 Maize– Feed/Industrial Grade 1173 -0.26 Mustard seed 3320 +0.03 Soy Bean 3947 +0.41 Turmeric 7050 -3.24 Jeera BUY CASTORSEED FEB ABOVE 4050 TGTS 4080,4130 SL 4000 SELL CASTORSEED FEB BELOW 3975 TGTS 3945,3895 SL 4025 DHANIYA NCDEX ROUNDUP Potato prices moved up by Rs 13.20 to Rs 1,149 per quintal in futures trade yesterday on buying by speculators following increased spot demand against restricted arrivals from the major producing regions. At the Multi Commodity Exchange, potato for delivery in April rose by Rs 13.20, or 1.16 per cent, to Rs 1,149 per quintal, with a trading volume of 213 lots. Potato for delivery in March also moved up by Rs 7.20, or 0.65 per cent, to Rs 1,100 per quintal with a trading volume of 359 lots. Pepper prices have surged on tight supplies while cardamom prices have shot up on export demand. Pepper prices have risen to Rs 52,000 per 100 kg while Rajkumar pepper fetched Rs 540 while high range pepper was sold at Rs 530535 levels. Pepper and Cardamom, the two hot favourite spices from the South Indian state of Kerala is now on a bullish trend supported by tight supply amidst robust domestic and export demand. BUY DHANIYA FEB ABOVE 8235 TGTS 8265,8315 SL 8185 SELL DHANIYA FEB ABOVE 8095 TGTS 8065,8015 SL 8145 YOUR MINTVISORY At Multi Commodity Exchange (MCX), cardamom futures for March delivery has risen 1.23% to Rs 817 per kg while February futures is up 0.58% to Rs 766.40 per kg. Exporters bought 60 tons of cardamom last week on rising export orders as the quality of the capsules are good in comparison to Guatemala variety. Call us at +91-731-6642300
  6. 6. DAILY REPORT 7th FEBRUARY. 2014 CURRENCY RBI Reference Rate Currency Rate Currency Rupee- $ 62.5045 Yen-100 Euro 84.4994 GBP JPY/INR Rate 61.5900 101.9198 CURRENCY ROUNDUP Indian rupee gained in opening trade on Thursday against the US dollar. Rupee opened higher by 14 paisa or 0.22% against US dollar at Rs 62.45 compared to previous close of 62.59. The rupee gained the most in over a week on Thursday as the government's move to scrap a bond auction led to hopes that the fiscal deficit will be contained, but caution prevailed ahead of U.S. jobs data. India scrapped a deferred 150-billion-rupee bond sale, citing the government's comfortable cash position, leading to hopes that Finance Minister will be able to contain the fiscal deficit within his 4.8 percent target. SELL JPY/INR BELOW 61.55 TGTS 61.42, 61.28 SL 61.84. BUY JPY/INR ABOVE 61.98 TGTS 62.11, 62.25 SL 61.69. GBP/INR Most emerging currencies retreated in late trade on Thursday on caution ahead of U.S. jobs data as investors took profit. Mixed U.S. data on Wednesday offered little support for the greenback. Growth in the service sector picked up pace in January while private employers added 175,000 jobs in January, the smallest gain since August. The partially convertible rupee ended at 62.365/375 per dollar, compared with Wednesday's close of 62.57/58. It gained 0.3 percent, its biggest daily win since January 28. In the offshore non-deliverable forwards, the one-month contract was at 62.72, while the three-month was at 63.60. The euro held near one-week high against the dollar after the European Central Bank President Mario Draghi's comment that the euro zone is not plagued by deflation. The euro traded at $1.3692, having risen as high as $1.3619 on Thursday, its highest level in a week. The 10-year Treasuries pushed up, yielding 2.704 percent, off a three-month low of 2.570 percent hit on Monday. SELL GBP/INR BELOW 101.90 TGTS 101.76, 101.59 SL 102.20. BUY GBP/INR ABOVE 102.56 TGTS 102.71, 102.85 SL 102.26. YOUR MINTVISORY The dollar drifted slightly lower in early Asian trading on Friday, as investors cautiously awaited the latest non-farm payrolls report for clues on the health of the U.S. labor market and the broader economy. The dollar traded at 102.00 yen, off a low of 100.755 yen marked on Tuesday. Call us at +91-731-6642300
  7. 7. DAILY REPORT 7th FEBRUARY. 2014 CALL REPORT PERFORMANCE UPDATES Date Commodity/ Currency Pairs Contract Strategy Entry Level Target Stop Loss Remark 06/02/14 MCX GOLD APR. BUY 28900 28980-29080 28780 SL TRIGGERED 06/02/14 MCX GOLD APR. SELL 28600 28520-28420 28720 NOT EXECUTED 06/02/14 MCX SILVER MAR. BUY 44700 44900-45200 44300 BOOKED PROFIT 06/02/14 MCX SILVER MAR. SELL 44300 44100-43800 44700 NOT EXECUTED 06/02/14 NCDEX CASTOR SEED FEB. BUY 4110 4140-4190 4060 NOT EXECUTED 06/02/14 NCDEX CASTOR SEED FEB. SELL 3990 3960-3910 4040 BOOKED PROFIT 06/02/14 NCDEX DHANIYA FEB. BUY 8110 8140-8190 8060 BOOKED FULL PROFIT 06/02/14 NCDEX DHANIYA FEB. SELL 8010 7980-7930 8060 BOOKED PROFIT 06/02/14 USD/INR FEB. SELL 62.64 62.51-62.38 62.93 BOOKED PROFIT 06/02/14 USD/INR FEB. BUY 63.00 63.14-63.28 62.71 NOT EXECUTED 06/02/14 GBP/INR FEB. SELL 101.91 101.77-101.63 102.21 NOT EXECUTED 06/02/14 GBP/INR FEB. BUY 102.56 102.71-102.85 102.26 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 06/02/14 NIFTY FUTURE BUY 5990-6000 6065-6095 5970 CALL OPEN 06/02/14 CROMPTON GREAVES FUTURE BUY 120 125-130 115 CALL OPEN 06/02/14 TATA MOTORS FUTURE BUY 352-355 360-368 347 BOOKED PROFIT 06/02/14 HERCULES HOIST CASH BUY 110 115-125 104 BOOKED PROFIT 05/02/14 HCL TECH FUTURE SELL 1400 1370-1340 1440 BOOKED PROFIT 05/02/14 GRANULES INDIA CASH BUY 265 282-295 250 CALL OPEN 04/02/14 LUPIN FUTURE BUY 925 945-955 910 SL TRIGGERED 03/02/14 APOLLO TYRE FUTURE BUY 113 116-118 111 CALL OPEN YOUR MINTVISORY Call us at +91-731-6642300
  8. 8. DAILY REPORT ECONOMIC CALENDAR 7th FEBRUARY. 2014 NEXT WEEK'S U.S. ECONOMIC REPORTS TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS MONDAY, FEB. 3 10 AM ISM JAN. 57.0% 10 AM CONSTRUCTION SPENDING DEC. 1.0% TBA MOTOR VEHICLE SALES JAN. 15.4 MLN TUESDAY, FEB. 4 10 AM FACTORY ORDERS DEC. 1.8% WEDNESDAY, FEB.5 10 AM ISM NONMANUFACTURING JAN. 53.0% THURSDAY, FEB. 6 8:30 AM WEEKLY JOBLESS CLAIMS 2/1 N/A 8:30 AM TRADE DEFICIT DEC. -$34.3 BLN 8:30 AM PRODUCTIVITY 4Q 3.0% FRIDAY ,FEB 7 8:30 AM NONFARM PAYROLLS JAN. 74,000 8:30 AM UNEMPLOYMENT RATE JAN. 6.7% 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