Special report by epic research 16 january 2014


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Special report by epic research 16 january 2014

  1. 1. DAILY REPORT 16th JANUARY. 2013 Global markets at a glance Asian stock markets enjoyed a strong rebound on Wednesday following the previous day's sell-off after upbeat US data saw Wall Street chalk up its strongest performance of the new year. Hong Kong's Hang Seng rose 0.47 percent or 106.99 points at 22,898.27 and Japan's Nikkei gained 1.65 percent or 253.96 points at 15,676.36. Singapore's Straits Times was up 0.51 percent or 15.84 points at 3,139.59 and South Korea's Seoul Composite jumped 0.40 percent or 7.73 points at 1,953.80. Taiwan's Taiwan Weighted added 0.66 percent or 56.27 points at 8,604.41 while China's Shanghai Composite shed 0.26 percent or 5.20 points at 2,021.64. World Indices Wall Street Update U.S. stocks rose on Wednesday, with the S&P 500 hitting a record high after strong earnings from Bank of America and data pointed to improvement in the economy. Bank of America Corp shares climbed 2.7 percent to $17.22 and gave one of the biggest boosts to the S&P 500 after the second-largest U.S. bank said its quarterly profit surged by nearly $3 billion, as revenue increased and mortgage losses plunged in the clearest sign yet that the bank was shaking off the impact of the financial crisis. Previous day Roundup It was a spectacular rally on Dalal Street with major support by rate sensitive as December wholesale price index (WPI) eased to a 5-month low. The Nifty ended above the 6300-level, first time after January. The Nifty closed at 6320.90, up 79.05 points. The Sensex gained 256.61 points at 21289.49. About 1352 shares advanced, 1276 shares declined, and 309 shares were unchanged. Larsen, HDFC, Sesa Sterlite, BHEL and ICICI Bank are top gainers in the Sensex. Index stats The Market was UP in yesterday session where Bankex and Bank Nifty both closed almost flat (up 1.59% and up 1.61% respectively). Among the sartorial indices almost the sectors which were down are; Consumer Durables [down-42.42 pts], Healthcare [down-1.70 pts], and the index advanced were Capital Goods [up187.91 pts], AUTO [up 145.69pts], PSU [up 68.19 pts], Oil & Gas [up 32.41 pts], Metals [up 104.25 pts], Power [up 32.25 pts], IT [up 66.76pts], YOUR MINTVISORY Index Value % Change 16,481.94 +0.66 1,848 +0.52 NASDAQ EURO STO FTSE 100 4,214.88 3,168.75 6,819.88 +0.76 +1.58 +0.78 Nikkei 225 Hong Kong 15,877.07 23,085.14 +0.43 +0.80 DJl S&P 500 Top Gainers Company CMP Change % Chg ULTRACEMCO 1,710.00 62.00 3.76 BANKBARODA 643 22.55 3.63 SSLT 198.25 5.70 2.96 NMDC 142.15 3.85 2.78 PNB 616.35 2.64 2.64 CMP Change % Chg 420.05 326 927.85 327.25 601.95 -9.90 -4.45 -6.50 -0.95 -1.60 -2.3 -1.35 -0.7 -0.29 -0.27 Prev. Close Change %Chg INFY 3,718.00 31.25 0.85 UPL 207.70 3.30 1.59 TAKE 39.95 -1.20 -3.00 886.65 -6.65 0.75 11.15 -0.10 0.90 Prev. Close Change %Chg CMP Change % Chg 6320.90 21289.49 79.05 256.61 1.27 1.22 Top Losers Company RANBAXY CAIRN LUPIN BPCL SUNPHARMA Stocks at 52 Week’s high Symbol CADILAHC HINDSYNTEX Stocks at 52 Week’s Low Symbol -- Indian Indices Company NIFTY SENSEX Call us at +91-731-6642300
  2. 2. DAILY REPORT 16th JANUARY. 2013 EQUITY CASH & FUTURE STOCK RECOMMENDATIONS [FUTURE] 1. BANK OF BARODA FUTURES STOCK RECOMMENDATION [CASH] 1. BHARTI AIRTEL BUY BANK OF BARODA FUTURE ABOVE 636 TGT 642-650 SL 628 2. ITC FUTURES BUY BHARTI AIRTEL CASH ABOVE 335 TGT 338-343 SL 331 MACRO NEWS  Government defers Rs 15K-cr bond issue to contain fiscal     deficit government's cash position and funding requirement, it has been decided, in consultation with RBI Industry urges RBI to cut interest rate as inflation dips .WPI declined to a 5-month low of 6.16% in December, providing space to RBI to ease interest rates and prop up growth. Unitech in talks to sell 2 hotels in NCR for about Rs 600cr.the company has decided to sell two hotels and it is in talks with the potential buyers. India's fiscal deficit will be contained at 4.8 percent of the gross domestic product in the current fiscal year ending March, the finance minister said, hinting at possible cuts in government spending . China called on IMF member nations on Wednesday to stick to a commitment to give emerging markets more power at the global lender after U.S. lawmakers set back historic reforms that would give developing countries a greater say . BUY ITC FUTURES ABOVE 331 TGT 334-339 SL 327 YOUR MINTVISORY Call us at +91-731-6642300
  3. 3. DAILY REPORT FUTURE & OPTION 16th JANUARY. 2013 STOCKS IN NEWS  Government mulls Oil India picking up about 7% in Open IOC and ONGC picking up about 3% in IOC Interest  Coal India declares Rs 29/share interim dividend  Galena Biopharma signed agreement with Dr 73,30,000 Reddy's Labs to develop NeuVax in India: Reuters  Liberty Shoes' Q3 net profit jumps to Rs 3.2 crore 42,23,100 versus Rs 1.8 crore (YoY 55,09,800  Unitech puts hotels, land on the block for Rs 1,000 cr 2,77,625 2,40,200 NIFTY FUTURE MOST ACTIVE PUT OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) NIFTY PE 6,200 29.3 4,38,160 NIFTY PE 6,300 58.9 3,41,468 NIFTY PE 6,100 13.7 2,76,019 BANKNIFTY PE 10,500 32.5 17,972 BANKNIFTY PE 11,000 148 17,287 BANKNIFTY PE 10,800 86.05 10,587 92,975 INFY PE 3,600 15.8 4,992 5,53,875 TCS PE 2,250 14 4,762 4,16,875 MOST ACTIVE CALL OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 6,300 85.7 5,17,226 49,07,750 NIFTY CE 6,400 38.05 4,56,818 50,17,100 NIFTY CE 6,500 14.1 2,54,962 38,73,500 BANKNIFTY CE 11,500 81.4 35,027 3,27,975 BANKNIFTY CE 11,200 180.1 22,936 2,22,075 BANKNIFTY CE 12,000 17.05 13,515 3,66,125 SBIN CE 1,700 19.8 7,744 7,56,125 SBIN CE 1,650 37.55 7,418 6,19,125 BUY NIFTY ABOVE 6340 TGT 6360-6390 SL 6315 TCS CE 2,200 58.60 1,357 1,70,000 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 32439 991.12 45692 1404.54 445711 13757.15 -413.42 INDEX OPTIONS 251597 7688.01 248633 7593.83 1211765 37587.93 94.18 STOCK FUTURES 52637 1711.24 52753 1714.47 1039748 32588.36 -3.23 STOCK OPTIONS 42047 1334.65 41368 1299.13 80533 2624.74 35.52 TOTAL 286.94 INDICES NIFTY S2 S1 PIVOT R1 R2 6205.91 6223.88 6252.11 6270.08 6298.31 NIFTYJUNIOR 12494.51 12527.63 12571.26 12604.38 12648.01 BANK NIFTY 10836.0 10892.45 10979.05 11035.5 11122.1 YOUR MINTVISORY Call us at +91-731-6642300
  4. 4. DAILY REPORT 16th JANUARY. 2013 COMMODITY MCX RECOMMENDATIONS SILVER COMMODITY ROUNDUP MCX GOLDPETAL January contract was trading at Rs 2960 down Rs 4, or 0.13 percent. The GOLDPETAL rate touched an intraday high of Rs 2962 and an intraday low of Rs 2955. So far 4579 contracts have been traded. GOLDPETAL prices have moved down Rs 47, or 1.56 percent in the January series so far. MCX GOLDPETAL February contract was trading at Rs 2919 down Rs 5, or 0.17 percent. The GOLDPETAL rate touched an intraday high of Rs 2923 and an intraday low of Rs 2915. So far 1740 contracts have been traded. GOLDPETAL prices have moved down Rs 46, or 1.55 percent in the February series so far. MCX GOLDPETAL March contract was trading at Rs 2904 down Rs 6, or 0.21 percent. The GOLDPETAL rate touched an intraday high of Rs 2910 and an intraday low of Rs 2900. So far 763 contracts have been traded. GOLDPETAL prices have moved up Rs 6, or 0.21 percent in the March series so far. TRADING STRATEGY: BUY SILVER ABOVE 44950 TGTS 45150/45450 SL 44600 SELL SILVER BELOW 44600 TGTS 44350/44000 SL 45000 GOLD MCX Gold futures are in red, falling under Rs 29000 per 10 grams amid bearish global cues. The COMEX Gold futures have eased, failing to extend their recent gains. The yellow metal had topped a one-month high above $1250 per ounce but failed to hold on to these levels and dropped back today. The metal currently trades at $1248.90, down $2.20 per ounce on the day. The surge in US stocks overnight and gains in Asian and European indices today has pulled the yellow metal lower and the COMEX Gold is quoting at $1238.10, down $7.30 per ounce on the day. The MCX Gold futures are trading at Rs 28935, down Rs 161 per 10 grams on the day. The US Commerce Department said on Tuesday that retail sales gained 0.2% last month. For all of 2013, sales increased 4.2%. Sales excluding automobiles, gasoline, building materials and food services, increased 0.7% after a 0.2% rise in November. This boosted the US stocks as DOW added 100 points and also supported the US currency. The dollar gained from a near two week low of 1.3700 against the Euro. TRADING STRATEGY: BUY GOLD ABOVE 29040 TGTS 29120/29220 SL 28920 SELL GOLD BELOW 28980 TGTS 28900/28800 SL 29100 YOUR MINTVISORY The Dow Jones Industrial Average jumped nearly 16% while the broader S&P 500 index soared by nearly 30%- recording its biggest annual gain in 16 years. Japan's Nikkei 225 index soared by nearly 52% while UK's FTSE jumped 14% and Germany's DAX added an impressive 23%. India's S&P BSE Sensex soared to fresh all time highs above 21000 and ended the year with a handsome gain of 9% . Call us at +91-731-6642300
  5. 5. DAILY REPORT 16th JANUARY. 2013 NCDEX RECOMMENDATIONS CASTORSEED NCDEX INDICES Index Value % Change Castor Seed 4387 +3.98 Chana 3066 +0.99 Coriander 7753 +4.00 Cotton Seed Oilcake 1486 +2.84 12542.5 +0.10 Maize– Feed/ Industrial grade 1195 +0.67 Mustard seed 3505 -0.68 Soy Bean 3776 -0.36 Sugar M Grade 2806 +0.11 Turmeric 6352 +0.44 Jeera BUY CASTORSEED FEB ABOVE 4480 TGTS 4510/ 4560 SL4430 SELL CASTORSEED FEB BELOW 4400 TGTS 4380/4330 SL4450 DHANIYA NCDEX ROUNDUP Agriculture Minister Sharad Pawar on Wednesday said the country's foodgrain production this year is likely to surpass the previous record of 259.29 million tonnes achieved in the 2011-12 crop year. Jeera futures jumped on Wednesday lead by short covering at lower side. The NCDEX Jeera for the March delivery ended the day at Rs 12,535, up Rs 60 or 0.48% over the last close. Latest data indicates that the acreage under Jeera stands at 397,300 hectares in Gujarat- the prominent producing state. This is up nearly 50% compared to last year when the crop suffered a setback. Traders estimated that the current year Jeera production is estimated to be around 45 lakh bags in the current year, up almost 10 lakh bags from the year. BUY DHANIYA FEB ABOVE 8150 TGTS 8180 / 8230 SL 8100 SELL DHANIYA FEB BELOW 8010 TGTS 7980 / 7930 SL 8060 YOUR MINTVISORY The latest data compiled by commodityinsights.com on 15th January 2014 estimated that the Jeera stocks at 7 lakh bags against 9-10 lakh bags in the same period of last year. Traders are expecting that exports of the commodity should rise in coming months amidst reports of lower production in Turkey and Syria. Call us at +91-731-6642300
  6. 6. DAILY REPORT 16th JANUARY. 2013 CURRENCY RBI Reference Rate Currency Rate Currency Rupee- $ 61.5885 Yen-100 Euro 83.9915 GBP USD/INR Rate 58.9900 101.0914 CURRENCY ROUNDUP The greenback moved higher against most major currencies on Wednesday after better-than-expected U.S. economic indicators and an upbeat take on the economy from the Federal Reserve fueled expectation for monetary stimulus programs to continue unwinding this year. In U.S. trading on Wednesday, EUR/USD was down 0.56% at 1.3602. The dollar firmed against the euro and most other major currencies after data revealed that manufacturing activity in the New York State expanded at the fastest pace since May 2012 this month. The Federal Reserve Bank of New York said that its general business conditions index jumped to 12.51 in January from an upwardly revised 2.22 in December. Analysts were expecting the index to rise to only 3.75. USD/INR SELL BELOW 61.56 TGTS 61.43, 61.30 SL 61.91 USD/INR BUY ABOVE 61.95 TGTS 62.10, 62.25 SL 61.60 EUR/INR EUR/INR SELL BELOW 83.95 TGTS 83.82, 83.67 SL 84.30 EUR/INR BUY ABOVE 84.33 TGTS 84.50, 84.66 SL 83.98 YOUR MINTVISORY The U.S. producer price index rose 0.4% in December, the biggest increase since June, recovering from a 0.1% decline in November and was 1.2% higher from a year earlier. Core PPI was up 0.3% in December and rose 1.4% on a year-over year basis, compared to expectations for a monthly increase of 0.1% and an annual gain of 1.3%. The solid data convinced investors that the Federal Reserve will continue winding down its USD75 billion in monthly bond purchases in the coming months. Bond purchases weaken the dollar by driving down long-term interest rates, and talk of their dismantling tends to strengthen the greenback. Wednesday's economic indicators were the latest convincing investors that the poor December jobs report was likely a hiccup on the road to recovery. On Tuesday, the Commerce Department reported that U.S. retail sales rose 0.2% in December, beating expectations for a 0.1% increase. Core retail sales, which exclude automobile sales, expanded by 0.7% in December, well above forecasts for a 0.4% increase. The figure convinced investors to look past data revealing the U.S. economy added 74,000 jobs in December, well below expectations for a 196,000 increase. Also giving the dollar support, the Federal Reserve released its Beige Book earlier, which said the U.S. economy continues to expand at a moderate pace Call us at +91-731-6642300
  7. 7. DAILY REPORT 16th JANUARY. 2013 CALL REPORT PERFORMANCE UPDATES Date Commodity/ Currency Pairs Contract Strategy Entry Level Target Stop Loss Remark 15/01/14 MCX GOLD FEB. BUY 29250 29330-29430 29150 NOT EXECUTED 15/01/14 MCX GOLD FEB. SELL 28980 28900-28800 29100 BOOKED PROFIT 15/01/14 MCX SILVER MAR. BUY 45250 45450-45750 44850 NOT EXECUTED 15/01/14 MCX SILVER MAR. SELL 44600 4350-44000 45000 BOOKED PROFIT 15/01/14 NCDEX CASTOR SEED FEB. BUY 4410 4440-4500 4360 BOOKED PROFIT 15/01/14 NCDEX CASTOR SEED FEB. SELL 4310 4280-4230 4460 NOT EXECUTED 15/01/14 NCDEX DHANIYA FEB. BUY 7930 7960-8010 7880 SL TRIGGERED 15/01/14 NCDEX DHANIYA FEB. SELL 7820 7790-7740 7930 NOT EXECUTED 15/01/14 EUR/INR JAN. SELL 84.09 8394-83.72 84.44 BOOKED PROFIT 15/01/14 EUR/INR JAN. BUY 84.57 84.72-84.94 84.44 NOT EXECUTED 15/01/14 USD/INR JAN. SELL 61.50 61.38-61.18 61.85 NOT EXECUTED 15/01/14 USD/INR JAN. BUY 62.04 62.20-62.40 61.90 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 06/01/14 NIFTY FUTURE BUY 6230 6280-6320 6200 BOOKED FULL PROFIT 15/01/14 ADANIENT. FUTURE BUY 245 250-255 241 BOOKED PROFIT 15/01/14 CESC FUTURE BUY 460 465-472 455 BOOKED PROFIT 15/01/14 SKS MICRO CASH BUY 186 192-198 180 CALL OPEN 14/01/14 NIFTY FUTURE BUY 6250 6300-6350 6200 BOOKED PROFIT 14/01/14 APPOLO TYRE FUTURE BUY 117 120-122 115 CALL OPEN 14/01/14 BHARAT FORGE FUTURE BUY 345 352-358 337 SL TRIGGERED 09/01/14 GRAVITA CASH BUY 46 50-54 41 CALL OPEN YOUR MINTVISORY Call us at +91-731-6642300
  8. 8. DAILY REPORT 16th JANUARY. 2013 ECONOMIC CALENDAR NEXT WEEK'S U.S. ECONOMIC REPORTS TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS MONDAY, JAN .13 2 PM FEDERAL BUDGET DEC. -- -$1 BLN 10 am Factory orders Nov. 1.6% -0.9% TUESDAY,JAN .14 8:30 AM RETAIL SALES DEC. -0.1% 0.7% 8:30 AM RETAIL SALES EX-AUTOS DEC. 0.4% 0.4% 8:30 AM IMPORT PRICE INDEX DEC. 0.5% -0.6% 10 AM BUSINESS INVENTORIES NOV. 0.3% 0.7% 0.4% -0.1% WEDNESDAY, JAN.15 8:30 AM PRODUCER PRICE INDEX DEC . 8:30 AM CORE PPI DEC. 0.2% 0.1% 8:30 AM EMPIRE STATE INDEX JAN. 4.3 1.0 THURSDAY, JAN.16 8:30 AM WEEKLY JOBLESS CLAIMS 1/11 N/A 330,000 8:30 AM CONSUMER PRICE INDEX DEC. 0.3% 0.0% 8:30 AM CORE CPI DEC. 0.1% 0.2% 10 AM HOME BUILDERS' INDEX JAN. N/A 58 10 AM PHILLY FED JAN. 9.4 7.0 FRIDAY, JAN.17 8:30 AM HOUSING STARTS DEC. 1.01 MLN 1.091 MLN 9:15 AM INDUSTRIAL PRODUCTION DEC. 0.2% 1.1% 9:15 AM CAPACITY UTILIZATION DEC. 79.0% 79.0% 9:55 AM UMICH CONSUMER SENTIMENT INDEX JAN. 85.0 82.5 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