Stock market special report by epic research 10 march 2014


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Japan's Nikkei share average rose to a fresh five-week high
on Friday as a weak yen lifted risk appetites following bet-
ter-than-expected U.S. jobless claims and the European
Central Bank's decision to keep its rates unchanged.

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Stock market special report by epic research 10 march 2014

  1. 1. DAILY REPORT 10th MARCH 2014 Global markets at a glance European shares fell on Friday, amid growing tension over Crimea, as investors tried to shield themselves from the impact of any confrontation between Russia and Ukraine on the weekend. European blue chips exposed to Russia and Ukraine came under renewed pressure. MSCI's allcountry world equity index .MIWD00000PUS retreated to trade 0.3 percent lower after trading just off peaks last seen at the end of 2007. Japan's Nikkei share average rose to a fresh five-week high on Friday as a weak yen lifted risk appetites following better-than-expected U.S. jobless claims and the European Central Bank's decision to keep its rates unchanged. The Nikkei ended 0.9 percent higher at 15,274.07, the highest closing level since Jan. 29. For the week, the index rose 2.9 percent. But volume was subdued ahead of the release of widely anticipated U.S. job data later in the day. World Indices Index Value % Change 16,452.72 +0.19 S&P 500 1,878.04 +0.05 NASDAQ EURO STO FTSE 100 4,336.22 3,095.31 6,712.67 -0.37 -1.57 -1.12 Nikkei 225 Hong Kong 15,274.07 22,660.49 +0.92 -0.19 DJl Top Gainers Company CMP Change % Chg 167.90 15.75 +10.35 47.80 4.20 +9.63 185.45 12.10 +6.98 656 40.45 +6.57 1,204.15 70.20 +6.19 DLF JPASSOCIAT BHEL BANKBARODA Wall Street Update Wall Street was mostly flat, with the better-than-expected U.S. nonfarm payrolls report pushing the benchmark S&P 500 index to a fresh intra-day record high before paring gains. The index closed slightly higher, setting a new record close. The Dow Jones industrial average .DJI closed up 30.83 points, or 0.19 percent, at 16,452.72. The S&P 500 .SPX gained 1.01 points, or 0.05 percent, to 1,878.04 while the Nasdaq Composite .IXIC dropped 15.903 points, or 0.37 percent, to 4,336.223. The FTSEurofirst 300 .FTEU3 index of top European shares extended losses into the close, finishing down 1.3 percent at 1,326.70. Previous day Roundup The Nifty on Friday finished at a record closing of 6526.65, after hitting a new high of 6538 intra-day. The Sensex too ended at a closing high of 21919.79, after hitting a peak of 21961. Strong buying was observed in banking index (bankex), capital goods, oil and gas and auto sectors, while selling pressure was seen in IT and healthcare sectors. ICICIBANK Top Losers Company CMP Change % Chg DRREDDY 2731 96.00 -3.40 WIPRO 656.5 19.35 -3.31 INFY 3740 91.9 -2.40 612.15 8.85 -1.43 Prev. Close Change %Chg ADANIENT 302.50 28.15 +10.26 ADANIPORTS 184.70 5.55 +3.10 CENTURYTEX 338.65 1.85 +0.55 GAIL 386.55 2.80 +0.73 Prev. Close Change %Chg CMP Change % Chg 6,526.35 +125.50 +1.96 21,919.79 +405.92 +1.89 SUNPHARMA Stocks at 52 Week’s high Symbol Stocks at 52 Week’s Low Symbol Index stats The Market was very volatile in yesterday’s session. The sartorial indices performed as follow Consumer Durables [up 65.39pts], Capital Good [up 437.14pts], PSU [up 119.48pts], FMCG [up 36.63pts], Realty [up 69.64pts], Power [up 28.59pts], Auto [up 136.52pts], Healthcare [down 214.28pts], IT [up pts], Metals [up 152.35pts], TECK [down 60.91pts], Oil& Gas [up 319.99pts]. YOUR MINTVISORY -- Indian Indices Company NIFTY SENSEX Call us at +91-731-6642300
  2. 2. DAILY REPORT 10th MARCH 2014 EQUITY CASH & FUTURE STOCK RECOMMENDATIONS [FUTURE] 1. LARSEN & TURBO STOCK RECOMMENDATION [CASH] 1. ADANI ENTERPRISES LT FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 1200 levels. We advise buying around 1180-1210 levels with strict stop loss 1150 for the targets of 1250-1280. ADANI ENTERPRISES is looking strong on charts. We advise buying around 300 levels with strict stop loss of 290 for the targets of 310-325 levels. 2. STATE BANK OF INDIA MACRO NEWS Traders will be tracking cash conditions given advance tax outflows in mid-March tend to tighten liquidity. Near-term forward premiums spiked on fears of cash tightening and as traders said that a large state-run bank bought to meet oil swap payments. Care Ratings on Friday said micro finance sector is entering a phase of stable regulatory environment, higher availability of credit and increased profitability. The agency believes that MFIs are slowly coming out of the damage inflicted by the Andhra Pradesh crisis of 2010. The finance ministry's "polite nudge" forcing some top executives at state-run financial institutions to resign recently shows its drying patience with the rising tide of bad loans at public sector banks and closer scrutiny of those responsible for it. Andhra Pradesh government looks to sell stakes in Hyderabad infra projects. The price of domestic natural gas is set to double to around $8.4 a unit from April 1, with the govt coming out with a notification on this by end of this month. PSU banks need 19,813 more ATMs by March-end to meet target. SBI FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 1650 levels. We advise buying around 1620-1650 levels with strict stop loss 1570 for the targets of 1690-1750 levels. YOUR MINTVISORY Call us at +91-731-6642300
  3. 3. DAILY REPORT FUTURE & OPTION 10th MARCH 2014 STOCKS IN NEWS KKR to lend Rs 2,000 crore to Hotel Leelaventure. SBI mulls selling bad assets to ARCs in Jan-Mar quarter. Ranbaxy recalls over 64,000 bottles of generic Lipitor in US. Reliance MediaWorks' promoters make delisting offer. CCI gives nod to Rs 870cr Thomas Cook-Sterling Holiday deal MOST ACTIVE PUT OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts ) Open Interest NIFTY PE 6,300 34.05 3,57,991 62,22,850 NIFTY PE 6,200 18.35 3,02,531 75,87,950 NIFTY PE 6,400 62.45 2,37,121 32,55,650 BANKNIFTY PE 11,000 99.5 25,475 SBIN PE 1,550 28.15 4,039 2,08,625 NIFTY FUTURE ICICIBANK PE 1,100 16.5 2,682 2,61,500 TATASTEEL PE 350 5 RELIANCE PE 820 11.45 2,24,300 2,229 13,92,000 2,037 3,21,250 Traded Volume (Contracts) Open Interest MOST ACTIVE CALL OPTION Symbol Option Type Strike Price LTP NIFTY CE 6,400 90.5 4,07,332 55,56,850 NIFTY CE 6,500 42.35 3,54,697 49,27,400 NIFTY CE 6,600 15.95 1,81,758 29,32,050 BANKNIFTY CE 11,500 118 35,511 3,58,875 SBIN CE 1,600 23 10,719 9,47,625 RELIANCE CE 820 19 5,210 ICICIBANK CE 1,150 22 JPASSOCIAT CE 45 1.3 7,18,500 Nifty Future closed in the green in the last trading ses4,189 6,88,750 sion. We advise buying around 6480-6500 levels with strict stop loss of 6450 for the targets of 6550-6580. 4,053 73,52,000 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 149670 4776.45 89656 2867.34 422100 13655.87 1909.11 INDEX OPTIONS 1002348 31512.39 980546 30713.25 1470315 47766.28 799.14 STOCK FUTURES 171516 5486.08 128294 4379.74 1017934 32893.19 1106.33 STOCK OPTIONS 103961 3222.73 105026 3225.36 57799 1838.36 -2.63 TOTAL 3811.95 INDICES NIFTY S2 S1 PIVOT R1 R2 6368.41 6447.53 6492.66 6571.78 6616.91 NIFTYJUNIOR 12455.99 12542.19 12592.45 12678.64 12728.9 BANK NIFTY 11106.71 11495.73 11721.61 12110.63 12336.51 YOUR MINTVISORY Call us at +91-731-6642300
  4. 4. DAILY REPORT 10th MARCH 2014 COMMODITY MCX RECOMMENDATIONS SILVER COMMODITY ROUNDUP Global benchmark Brent crude oil settled up 90 cents at $109.00 a barrel. U.S. crude rose $1.02 to settle at $102.58. A sharp fall seen in MCX Gold after the US nonfarm payroll data showed, the US created more jobs than expected. Although it manage to close above 30100 levels. tension between Ukraine and Rusia not over yet which is developing a positive factor for the bullions. Gold is taking support at 29900 levels while 30500 giving resistance to the price. Asian bullion consumers were cautious about this week's rally in prices, buying only on dips and selling at higher prices to make a profit. Premiums across Asia were either stable or lower from last week's levels as gold prices rallied almost 2% for the week. Gold was trading near a fourmonth high of $1,354.80 on Friday and looked poised to log its fifth straight week of gains as a weaker dollar and geopolitical tensions in Ukraine boosted its safe-haven status. TRADING STRATEGY: BUY SILVER(MAY) ABOVE 46750 TGTS 47000/47350 SL 46400 SELL SILVER(MAY) BELOW 45800 TGTS 45550/45200 SL 46150 GOLD Gold premiums in India, the second biggest consumer, fell further on Friday to their lowest level in five months on lack of demand ahead of national elections set to begin next month. Premiums to London prices fell to $60 an ounce, a level last seen in early October, compared with $80 on Thursday. They hit a record of $160 in December because of government efforts to discourage gold demand, including a record high import duty of 10 percent. Aluminium prices edged up by 0.19% to Rs 107.90 per kg in futures trade on Monday as participants enlarged their positions, supported by a firming trend overseas. Besides, strong demand in the spot markets also influenced metal prices. At MCX, aluminium for delivery in March inched up by 20 paise, or 0.19%, to Rs 107.90 per kg in business turnover of 104 lots. Likewise, the metal for delivery in April traded higher marginally by 15 paise, or 0.14%, to Rs 109.25 per kg in three lots. Apart from increased domestic demand, a firming global trend helped aluminium futures to trade higher. TRADING STRATEGY: BUY GOLD(APR) ABOVE 30400 TGTS 30470/30570 SL 30300 SELL GOLD(APR) BELOW 30000 TGTS 29920/29820 SL 30100 YOUR MINTVISORY Lead futures were up 0.31% at Rs 130.35 per kg as participants enlarged position on rising spot demand at domestic markets amid a firming trend overseas. At MCX, lead for delivery in March traded 40 paise, or 0.31%, higher at Rs 130.35 per kg, with a turnover of 471 lots. Call us at +91-731-6642300
  5. 5. DAILY REPORT 10th MARCH 2014 NCDEX RECOMMENDATIONS GUARSEED NCDEX INDICES Index Value % Change Castor Seed 4390 +0.34 Chana 3321 +2.18 Coriander 9535 -0.20 Cotton Seed Oilcake 1554 +0.71 11095 -1.64 Maize– Feed/Industrial Grade 1251 +0.48 Mustard seed 3632 +1.91 Soy Bean 4277 +1.54 Turmeric 7172 +1.01 Jeera BUY GUARSEED MAR ABOVE 4630 TGTS 4660,4710 SL 4580 SELL GUARSEED MAR BELOW 4550 TGTS 4520,4470 SL 4600 DHANIYA NCDEX ROUNDUP Coriander (dhaniya) prices have reached an all-time high of Rs 13,000 a quintal due to heavy rain in crop- growing areas. Due to hailstorms in major dhaniya producing areas, the quality of the crop has been impacted, which has also had an impact on arrivals. Soyameal exports fell 8% to 4.71 lakh tonnes in December 2013 due to lower arrivals, according to the industry data. Shipments of soyameal stood at 5.11 lakh tonnes (LT) in the same month a year ago, Soyabean Processors Association of India (SOPA) said in a statement. Soyameal is rich source of protein and used as animal feed. Sugar production in the current season is likely to drop 5% due to rainfall in recent months and a delay in crushing by the UP millers due to tiff over cane prices. Indian Sugar Mills Association (ISMA), the apex representative body of sugar industry, has revised the sugar production estimate to 23.8 million tonne from 25 million tonne for the October 2013September 2014 season. BUY DHANIYA APR ABOVE 9600 TGTS 9630,9680 SL 9550 SELL DHANIYA APR BELOW 9490 TGTS 9460,9610 SL 9540 YOUR MINTVISORY Jaggery arrivals to Anakapalli here have been reducing significantly over the last three years. This year, due to bad weather conditions sugarcane productivity per acre reduced about 30 per cent in this region; the main reason for the drop in jaggery arrivals, according to KLN Rao, president, Anakapalli Jaggery Merchants Association. Call us at +91-731-6642300
  6. 6. DAILY REPORT 10th MARCH 2014 CURRENCY RBI Reference Rate Currency Rate Currency Rupee- $ 60.9850 Yen-100 Euro 84.5255 GBP JPY/INR SELL JPY-INR BELOW 59.53 TGTS 59.40, 59.26 SL 59.81 BUY JPY-INR ABOVE 59.89 TGTS 60.02, 60.16 SL 59. 61 GBP/INR BUY GBP/INR ABOVE 102.90 TGTS 103.04, 103.19 SL 102.60. SELL GBP/INR BELOW 102.45 TGTS 102.31,102.16 SL 102.75. YOUR MINTVISORY Rate 59.2200 102.0706 CURRENCY ROUNDUP The Indian rupee rose to a near three-month high against the dollar on Friday, posting its best week since early December, as heavy foreign buying sent shares to record highs although the currency ended the session with only a slight gain. The partially convertible rupee closed at 61.08/09 per dollar compared with 61.11/12 on Thursday. The unit rose as high as 60.945, its strongest since Dec. 9. For the week, it rose 1.1 percent, its best performance since the week ended Dec 6. The dollar climbed on Friday, boosted by an unexpectedly large jump in U.S. jobs growth that set off enough buying to lift the greenback from a four-month low. The U.S. dollar index .DXY, a composite of six currency pairs which earlier on Friday had hit a bottom of 79.433 last seen on October 29, reversed course after the release of February's U.S. employment data, touched a high of 79.847, and was ahead 0.07 percent for the day at 79.710 late on Friday. The dollar was up 0.25 percent against the yen to 103.325 yen in late New York trading and little changed against the euro, which earlier had hit a 2-1/2 year high against the dollar on signs the European Central Bank's balance sheet was shrinking. The U.S. dollar also rose against the Canadian dollar, which was stung by a data release showing an unexpected loss of Canadian jobs last month. In earlier European trade, the euro hit a 2-1/2 year high of $1.3915, its highest since October 2011. The euro has made broad based gains after the ECB on Thursday decided to stand pat on policy and held off from fresh monetary stimulus. The euro's gains accelerated on Friday after data from the ECB showed banks were set to repay a big chunk of its emergency 3-year loans next week. That repayment to the ECB shrinks its balance sheet size at a time when both the Federal Reserve and the Bank of Japan are expanding theirs by buying bonds. Call us at +91-731-6642300
  7. 7. DAILY REPORT 10th MARCH 2014 CALL REPORT PERFORMANCE UPDATES Date Commodity/ Currency Pairs Contract Strategy Entry Level Target Stop Loss Remark 07/03/14 MCX GOLD APR. BUY 30270 30350-30450 30150 BOOKED PROFIT 07/03/14 MCX GOLD APR. SELL 30120 30040-29940 30240 BOOKED FULL PROFIT 07/03/14 MCX SILVER MAY BUY 47500 47700-48000 47140 NOT EXECUTED 07/03/14 MCX SILVER MAY SELL 46900 46700-46400 47250 BOOKED FULL PROFIT 07/03/14 NCDEX GUARSEED MAR. BUY 4790 4820-4870 4740 NOT EXECUTED 07/03/14 NCDEX GUARSEED MAR. SELL 4705 4675-4625 4755 NOT EXEUCTED 07/03/14 NCDEX DHANIYA APR. BUY 9585 9615-9665 9535 BOOKED PROFIT 07/03/14 NCDEX DHANIYA APR. SELL 9505 9475-9425 9555 NOT EXECUTED 07/03/14 GBP/INR MAR. SELL 102.49 102.78 BOOKED PROFIT 07/03/14 GBP/INR MAR. BUY 103.20 102.90 NOT EXECUTED 07/03/14 EUR/INR MAR. SELL 84.27 84.13-83.98 84.57 NOT EXEUCTED 07/03/14 EUR/INR MAR. BUY 84.74 84.88-85.03 84.44 BOOKED FULL PROFIT CASH/ FUTURE/ OPTION Strategy Date Scrip Entry Level 102.35102.20 103.34103.49 Target Stop Loss Remark 07/03/14 NIFTY FUTURE BUY 63806400 6440-6480 6350 NOT EXECUTED 07/03/14 HAVELLS FUTURE BUY 800-810 825-840 790 NOT EXEUCTED 07/03/14 DLF FUTURE BUY 148-150 155-158 145 BOOKED FULL PROFIT 07/03/14 TTK CASH BUY 520-525 545-550 500 BOOKED FULL PROFIT 06/03/14 BANK OF BARODA FUTURE BUY 610-615 625-650 595 BOOKED FULL PROFIT 06/03/14 CANARA BANK FUTURE BUY 228-232 238-245 218 BOOKED PROFIT 05/03/14 TALWALKAR CASH BUY 150-155 160-170 145 CALL OPEN 28/02/14 POLARIS CASH BUY 155-160 170-175 145 SL TRIGGERED 17/02/14 AMTEK INDIA CASH BUY 64-65 70-75 60 BOOKED PROFIT 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 10th MARCH 2014 ECONOMIC CALENDAR NEXT WEEK'S U.S. ECONOMIC REPORTS TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS MONDAY, MARCH 10 None scheduled TUESDAY, MARCH 11 10 am Job openings Jan. -- 4.0 mln 10 am Wholesale inventories Jan. -- 0.3% -- -$204 bln WEDNESDAY, MARCH 12 2 pm Federal budget Feb. THURSDAY, MARCH 13 8:30 am Weekly jobless claims 3-8 N/A N/A 8:30 am Retail sales Feb. 0.2% -0.4% 8:30 am Retail sales ex-autos Feb. 0.2% 0.0% 8:30 am Import price index Feb. 0.3% 0.1% 10 am Business inventories Jan. 0.3% 0.1% FRIDAY ,MARCH 14 8:30 am Producer price index, final demand Feb. 0.2% 0.2% 8:30 am Core PPI, final demand Feb. 0.2% 0.2% 9:55 am UMich consumer sentiment March 81.7 81.6 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