Stock market special report by epic research 13 march 2014
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Epic Research provide specialized nifty future tips to nifty futures interday traders in which we give nifty levels, nifty calls along with bank nifty tips. Call 07316642300

Epic Research provide specialized nifty future tips to nifty futures interday traders in which we give nifty levels, nifty calls along with bank nifty tips. Call 07316642300

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Stock market special report by epic research 13 march 2014 Document Transcript

  • 1. DAILY REPORT 13th MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 Global markets at a glance Asian shares were on the defensive on Thursday as nerv- ous investors tried to limit their exposure to risk, ahead of a batch of key Chinese economic data that may offer clues about the extent of any slowdown. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS added 0.3 percent but was still near its lowest levels in two weeks, a day after both European shares .FTEU3and emerging market shares .MSECIEF fell to one-month lows. Japan's Nikkei .N225 rose 0.5 percent as Japanese machin- ery orders beat expectations, though the gain came only after a 2.6 percent drop the previous day, when both European shares.FTEU3 and emerging market shares .MSECIEF fell to one-month lows. Wall Street Update U.S. stocks finished little changed on Wednesday, with the Nasdaq up for the first session in five, as investors grappled with the evolving situation in Ukraine but shrugged off concern over weakness in China's economy. The Dow Jones industrial average .DJI fell 11.17 points or 0.07 percent, to 16,340.08, the S&P 500 .SPX gained 0.57 points or 0.03 percent, to 1,868.2 and the Nasdaq Com- posite .IXIC added 16.144 points or 0.37 percent, to 4,323.332. Previous day Roundup Equity benchmarks saw consolidation for the third con- secutive session Wednesday after seeing about 1000- point pre-election rally on the Sensex. The 50-share NSE Nifty managed to hold the 6,500 level for the fourth day today, rising 5 points to 6516.90 while the 30-share BSE Sensex advanced 29.80 points to 21856.22. Experts say the consolidation is due to lack of trigger. Near term trig- gers for the market are WPI inflation on Friday, FOMC meet on March 18-19 and RBI policy on April 1. Index stats The Market was very volatile in yesterday’s session. The sartorial indices performed as follow Consumer Durables [up 52.35pts], Capital Good [down 83.31pts], PSU [down 50.29pts], FMCG [up 79.88pts], Realty [down 1.04Pts], Power [down 9.44pts], Auto [down 83.36pts], Healthcare [up 123.98pts], IT [up 52.31pts], Metals [up pts], TECK [up 24.61pts], Oil& Gas [down 66.26pts]. World Indices Index Value % Change D J l 16340.08 -0.07 S&P 500 1868.20 +0.03 NASDAQ 4323.33 +0.37 EURO STO 3065.46 -0.88 FTSE 100 6620.90 -0.97 Nikkei 225 14899.83 +0.47 Hong Kong 21991.91 +0.42 Top Gainers Company CMP Change % Chg SUNPHARMA 606.15 25.90 +4.46 ASIANPAINT 495.05 14.35 +2.99 ITC 341.75 7.75 +2.32 HEROMOTOCO 2,065.00 45.55 +2.26 COALINDIA 260.70 4.95 +1.94 Top Losers Company CMP Change % Chg BHEL 184.1 5.25 -2.77 TATAMOTORS 388.5 9.45 -2.37 HINDALCO 114.8 2.60 -2.21 PNB 612.5 13.45 -2.15 Stocks at 52 Week’s high Symbol Prev. Close Change %Chg GLOBOFFS 277.00 12.40 4.69 HAVELLS 851.5 21.55 +2.60 L&TFH 85.75 4.55 +5.60 THERMAX 769.45 4.85 +0.63 Indian Indices Company CMP Change % Chg NIFTY 6,516.90 +5.00 +0.08 SENSEX 21,856.22 +29.80 +0.14 Stocks at 52 Week’s Low Symbol Prev. Close Change %Chg DBSTOCKBRO 87.75 0.25 -0.28 HINDNETGLS 145.00 -4.30 -2.88
  • 2. DAILY REPORT 13th MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 STOCK RECOMMENDATIONS [FUTURE] 1.SUNPHARMA SUNPHARMA FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 610 levels. We advise buying above 610 levels with strict stop loss 598 for the targets of 620-635 levels. 2 TATAMOTORS TATA MOTORS FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it sustains below 395 levels. We advise selling around 393- 395 levels with strict stop loss 400 for the targets of 388- 382 levels. EQUITY CASH & FUTURE STOCK RECOMMENDATION [CASH] 1. APOLLO HOSPITAL APOLLO HOSP LTD is looking to take support near 850 lev- els. We advise buying around 855-860 levels with strict stop loss of 840 for the targets of 870-890 levels. MACRO NEWS Coal India , which is already struggling to meet its tar- gets, is likely to see further setback on account of a 3- day strike by company executives. The proposed strike may affect production and dispatches by about 4 million tonnes of coal. The mining company is expected to fall short of its target of 482 million tonnes for 2013-14 by more than 17 million tonnes. ADB and the Bill & Melinda Gates Foundation will jointly create a knowledge hub for South Asia to improve sani- tation and urban services in the region. The new law to allocate 2% of profits to CSR spends is an opportunity for companies to craft a new, meaning- ful future in business-society relationships. The IIP in January stood at positive 0.1%, highest since September 2013. The December IIP has been revised to -0.2 percent from -0.6 percent (provisional). Mean- while, the CPI for February, which is a precursor to the RBI policy on April 1, slowed to 8.10% from 8.79% in January. CPI in February hit is lowest level since January 2012. The core CPI, which refers to services like medical care, education, recreation, transport and household requisites, grew in February.
  • 3. DAILY REPORT 13th MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 FUTURE & OPTION MOST ACTIVE PUT OPTION Symbol Op- tion Type Strike Price LTP Traded Volume (Contracts ) Open Interest NIFTY PE 6,500 53.55 3,28,567 50,91,800 NIFTY PE 6,400 28.15 2,86,533 67,36,100 NIFTY PE 6,300 14.85 1,79,551 59,05,850 BANKNIFTY PE 11,500 81.7 28,164 3,51,875 SBIN PE 1,650 40.85 3,711 1,93,000 AXISBANK PE 1,300 13.55 3,040 6,99,750 ICICIBANK PE 1,200 28.4 2,996 2,91,000 RELIANCE PE 840 5.3 2,978 4,33,000 MOST ACTIVE CALL OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 6,600 52.1 3,65,847 46,97,350 NIFTY CE 6,500 103.7 2,12,236 41,63,350 NIFTY CE 6,700 21.85 2,00,522 31,10,600 BANKNIFTY CE 12,500 124.5 48,306 2,83,250 SBIN CE 1,700 27 7,376 5,89,625 AXISBANK CE 1,500 10.85 3,882 8,59,750 RELIANCE CE 900 9.6 3,677 12,83,250 ICICIBANK CE 1,250 25.25 3,556 4,12,250 FII DERIVATIVES STATISTICS BUY OPEN INTEREST AT THE END OF THE DAYSELL No. of Contracts Amount in Crores No. of Contracts Amount in Crores No. of Contracts Amount in Crores NET AMOUNT INDEX FUTURES 53735 1739.34 55997 1813.05 453879 14724.25 -73.71 INDEX OPTIONS 417332 13276.31 422794 13413.29 1591546 51656.98 -136.98 STOCK FUTURES 75501 2540.77 86017 2898.10 1045713 33803.71 -357.33 STOCK OPTIONS 57114 1841.59 58114 1859.72 88521 2817.73 -18.13 TOTAL -586.15 INDICES S2 S1 PIVOT R1 R2 NIFTY 6457.93 6487.41 6516.78 6546.26 6575.63 NIFTYJUNIOR 12503.28 12549.41 12601.43 12647.56 12699.58 BANK NIFTY 11763.1 11893.6 12018.25 12148.75 12273.4 STOCKS IN NEWS SAIL seeks surface rights of BCCL's mine in Jharkhand. Suzuki’s Gujarat plan splits Maruti board. Tata Motors -owned Jaguar Land Rover (JLR) today reported a 14 percent increase in global sales in Febru- ary at 30,487 units. Air India joins price war, offers steep discounts on all routes. NIFTY FUTURE Nifty Future closed in the green in the last trading ses- sion. We advise buying around 6500-6520 levels with strict stop loss of 6470 for the targets of 6560-6590.
  • 4. DAILY REPORT 13th MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER(MAY) ABOVE 46950 TGTS 47150/47500 SL 46600 SELL SILVER(MAY) BELOW 46600 TGTS 46400/46050 SL 47000 GOLD TRADING STRATEGY: BUY GOLD(APR) ABOVE 30530 TGTS 30610/30710 SL 30420 SELL GOLD(APR) BELOW 30350 TGTS 30270/30170 SL 30460 COMMODITY ROUNDUP Gold climbed for a second session on Wednesday to its highest in 5-1/2 months, as global uncertainty over eco- nomic growth and tensions in Ukraine burnished the metal's safe-haven appeal. Weakness in equities and base metals, along with technical buying, propelled gold prices through resistance at $1,355 an ounce. Other pre- cious metals were higher too, with silver climbing nearly 2%."There is quite a lot of attention on moves in other metal markets, like base metals," said one Hong Kong- based precious metals. Metals remain under pressure for third day today on poor Chinese trade data. Copper prices hit the lowest since July 2010 while iron ore prices touched more than 1.5-year lows. Copper - seen as a good gauge of global economic strength because of its extensive use - appeared to find some stability at $6504.85 at ton after earlier hitting a four -year low at $6376.25. The Organization of the Petroleum Exporting Countries raised its oil demand growth for the second month in a row. In its monthly oil market report, the cartel of some of the world's biggest oil producers upgraded its forecast for demand growth this year by 50,000 barrels a day, after tweaking its expectations higher by the same amount last month. The producer group now expects oil demand to increase by 1.14 million barrels a day this year, largely as a result of higher consumption in North America, as well as improved demand in Europe and Africa. Total oil demand for 2014 is pegged 91.1 million barrels a day. Zinc futures edged up by 0.25% to Rs 122.55 per kg yester- day, largely on firm demand at domestic markets amid a firming trend overseas. At the MCX, zinc for delivery in March increased marginally by 30 paise, or 0.25%, to Rs 122.55 per kg, with a business turnover of 352 lots. Like- wise, the metal for delivery in April traded higher by 20 paise, or 0.16%, to Rs 123.30 per kg in a turnover of 11 lots. Globally, zinc traded higher at the LME. Analysts said besides increased demand in the spot market, the metal's strength at the LME, influenced zinc futures here. COMMODITY MCX
  • 5. DAILY REPORT 13th MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 RECOMMENDATIONS GUARSEED BUY GUARSEED APR ABOVE 4665 TGTS 4635,4585 SL 4615 SELL GUARSEED APR BELOW 4610 TGTS 4580,4530 SL 4650 DHANIYA BUY DHANIYA ABOVE 9595 TGTS 9625,9675 SL 9545 SELL DHANIYA BELOW 9520 TGTS 9490,9440 SL 9570 NCDEX NCDEX INDICES Index Value % Change Castor Seed 4268 +0.78 Chana 3300 -2.22 Coriander 9566 -0.74 Cotton Seed Oilcake 1524 -0.39 Jeera 10650 +1.64 Maize– Feed/Industrial Grade 1260 +2.27 Mustard seed 3496 -1.85 Soy Bean 4210 +0.43 Turmeric 7182 -3.99 NCDEX ROUNDUP Changing climatic conditions and rising global temperatures is likely to affect world coffee production in the coming years. The threat is significantly higher in arabica coffee, which requires specific ecological and meteorological con- ditions in order to produce quality beans, said the International Coffee Organisation (ICO). Oil prices fell in Asian trade today ahead of the weekly USstockpiles report that will give an indication of demand in the world's biggest economy. New York's main contract, West Texas Intermediate (WTI) for April delivery dipped 47 cents to $99.56 in mid-morning trade, and Brent North Sea crude for April eased 20 cents to $108.35. Cardamom futures moved down by 1.27% to Rs 785.10 per kg in futures trade yesterday amid profit-booking at pre- vailing higher levels and decline in demand in the spot mar- ket. At the Multi Commodity Exchange, cardamom for de- livery in March declined by Rs 10.10, or 1.27%, to Rs 785.10 per kg in a business turnover of 10 lots. Similarly, the spice for delivery in April shed Rs 2.60, or 0.31%, to Rs 828 per kg in 415 lots. Besides profit booking by speculators at existing levels, low demand in spot market mainly influenced carda- mom prices at futures trade.
  • 6. DAILY REPORT 13th MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 JPY/INR BUY JPY/INR ABOVE 60.00 TGTS 60.13, 60.28 SL 59.72. SELL JPY/INR BELOW 59.30 TGTS 59.17, 59.02 SL 59.58. USD/INR BUY USD-INR ABOVE 61.57 TGTS 61.70,61.85 SL 61.29. SELL USD/INR BELOW 61.05 TGTS 61.18, 61.33. SL 61.33. CURRENCY ROUNDUP The Indian rupee weakened for a second consecutive ses- sion on Wednesday, retreating further from a seven-month high hit in the previous session, on bets the central bank will start to buy dollars to build up its foreign exchange re- serves. A powerful rally across Indian markets since last week has been predicated in part on hopes that easing in- flation would allow the RBI to keep interest rates steady, starting at its next policy review on April 1. The partially convertible rupee closed at 61.2150/2250 per dollar com- pared to its previous close of 60.94/95. The rupee had hit a seven-month high of 60.5925 intraday on Tuesday. Analysts have long expected the RBI would use moments of rupee strength to buy dollars and build up foreign exchange reserves of $294.4 billion, enough to cover just around seven months of imports. Still, on Wednesday, demand for dollars from state-run banks was attributed mainly to the government's defense related payments. Traders will also continue to monitor foreign fund flows. Foreign investors bought shares worth $250.30 mn on Tuesday, their 17th buying over the previous 18 for a total of over $1.8 billion. FIIs have purchased a total $5.8 billion in debt in 2014. In the offshore non-deliverable forwards, the one-month con- tract was at 61.63 while the three-month was at 62.34. U.S. Treasuries have erased all their losses after last week's strong payrolls data, with the benchmark 10-year yield at 2.72 percent versus its six-week high of 2.82 percent hit on Friday. In the currency market, the Swiss franc was little changed after hitting a two-and-a-half year high of 0.8734 franc to the dollar, while the Japanese yen, which is under pressure from the Bank of Japan's easing, also ticked up slightly Going against the tide of risk-off trading, the New Zealand dollar hit a five-month high of $0.8527 after the country's central bank raised rates as expected. The Austra- lian dollar also jumped 0.8 percent to $0.9062 after surpris- ingly strong local employment data. CURRENCY RBI Reference Rate Currency Rate Currency Rate Rupee- $ 61.0900 Yen-100 59.3900 Euro 84.6545 GBP 101.5927
  • 7. DAILY REPORT 13th MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 CALL REPORT PERFORMANCE UPDATES Date Commodity/ Currency Pairs Contract Strategy Entry Level Target Stop Loss Remark 12/03/14 MCX GOLD APR. BUY 30270 30370-30470 30150 BOOKED FULL PROFIT 12/03/14 MCX GOLD APR. SELL 30130 30050-29950 30250 NOT EXECUTED 12/03/14 MCX SILVER MAY BUY 46200 46400-46800 45850 BOOKED FULL PROFIT 12/03/14 MCX SILVER MAY SELL 45700 45500-45200 46050 NOT EXECUTED 12/03/14 NCDEX GUARSEED APR. BUY 4630 4660-4710 4580 BOOKED PROFIT 12/03/14 NCDEX GUARSEED APR. SELL 4510 4480-4430 4560 NOT EXECUTED 12/03/14 NCDEX DHANIYA APR. BUY 9700 9730-9780 9650 NOT EXECUTED 12/03/14 NCDEX DHANIYA APR. SELL 9560 9530-9480 9610 SL TRIGGERED 12/03/14 GBP/INR MAR. SELL 101.48 101.34-101. 101.76 NOT EXECUTED 12/03/14 GBP/INR MAR. BUY 101.93 102.07- 102.22 101.65 BOOKED FULL PROFIT 12/03/14 EUR/INR MAR. SELL 84.52 84.38-84.23 84.80 NOT EXECUTED 12/03/14 EUR/INR MAR. BUY 84.85 84.99-85.14 84.57 BOOKED PROFIT Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 12/03/14 NIFTY FUTURE BUY 66500- 6520 6560-6590 6470 BOOKED PROFIT 12/03/14 IDFC FUTURE BUY 118 121-125 115 NOT EXECUTED 12/03/14 HINDALCO FUTURE SELL 118-119 115-112 122 BOOKED PROFIT 12/03/14 LIBERTY SHOES CASH BUY 145-150 155-162 130 BOOKED PROFIT 11/03/14 MARUTI FUTURE BUY 1800- 1810 1850-1880 1750 SL TRIGGERED 11/03/14 OBEROI REALITY CASH BUY 210 220-235 200 CALL OPEN 10/02/14 KRBL CASH BUY 45-46 50-54 40 CALL OPEN
  • 8. DAILY REPORT 13th MARCH 2014 YOUR MINTVISORY Call us at +91-731-6642300 NEXT WEEK'S U.S. ECONOMIC REPORTS ECONOMIC CALENDAR 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 invest- ment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular invest- ments 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 ex- pressed 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. Disclaimer 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% WEDNESDAY, MARCH 12 2 pm Federal budget Feb. -- -$204 bln 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