Special report by epic research 17 january 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

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Special report by epic research 17 january 2014

  1. 1. DAILY REPORT 17st JANUARY. 2013 Global markets at a glance Asian stocks rose on Thursday on continued economic recovery in Japan and the World Bank's decision to hike its global growth forecasts for this year. The dollar index, which tracks the greenback against a basket of six major currencies, was last down 0.1 percent at 80.917 .DXY. The greenback slipped 0.1 percent to 104.26 yen, but remained well off a four-week low of 102.85 set on Monday. Against the euro, the dollar treaded water at $1.3613. Wall Street Update The Dow and S&P 500 dipped on Thursday, led by financial shares after a round of disappointing earnings from the sector. The S&P 500 pulled back from record levels and was nearly flat for the week. Goldman's stock slid 2.1 percent to $175.06, one of the Dow's biggest decliners, while Citigroup dropped 4.1 percent to $52.75. The S&P financial sector index fell 0.7 percent, making it the biggest loser among the S&P 500 sectors World Indices Index Value % Change 16,417.01 -0.39 S&P 500 1,845.89 -0.13 NASDAQ EURO STO FTSE 100 4,218.69 3,150.20 6,815.45 +0.09 -0.69 -0.07 Nikkei 225 Hong Kong 15,677.66 22,898.82 -0.44 -0.38 DJl Top Gainers Company CMP Change % Chg HCLTECH 1,392.00 61.65 4.63 302.85 7.45 2.52 1,752.00 41.90 2.45 HINDALCO 113.10 2.25 2.03 WIPRO 570.50 9.80 1.75 CMP Change % Chg 315.05 369.55 287.45 594.50 413.50 -16.45 -7.75 -4.35 -9.00 -6.20 -4.96 -2.05 -1.49 -1.49 -1.48 Prev. Close Change %Chg 1,292.20 1,392.00 3,721.95 151.20 261.70 -1.20 61.65 9.90 25.20 6.50 0.09 4.63 0.27 20.00 3.09 Prev. Close Change %Chg CMP Change % Chg 6318.90 21265. -2.00 -24.31 -0.03 -0.11 COALINDIA ULTRACEMCO Top Losers Previous day Roundup The market closed on a flat note but Nifty managed to hold the 6300-level. The Sensex was down 24.31 points at 21265.18, and the Nifty ended at 6318.90, down 2.00 points. About 1149 shares have advanced, 1486 shares declined, and 261 shares are unchanged. In a major relief to the government, Moody’s in its latest report has said that India’s rating downgrade is not on the cards. Moody's has given India an investment grade rating of Baa3 with a stable outlook. Index stats The Market was very in yesterday session where Bankex and Bank Nifty both closed almost flat (down-0.21 % and down –0.30% respectively). Among the sartorial indices almost the sectors which were down are; Healthcare [down —58.85pts],Consumer Durables [down-0.39 pts], Capital Goods AUTO [down –101.67pts],TECK [down –9.56 pts], Oil & Gas [down-27.46 pts], Power [ down –7.75pts], and the index advanced were Metals [up167.08 pts IT [up54.15 pts], FMCG [up-52.55 pts] [up 24.09pts], Realty [up 0.90pts], PSU [up 14.36 pts], Company BHARTIARLT TATAMOTORS ONGC SUNPHARMA RANBAXY Stocks at 52 Week’s high Symbol DIVISLAB HCLTECH INFY INFINITE UPL Stocks at 52 Week’s Low Symbol -- Indian Indices Company NIFTY SENSEX YOUR MINTVISORY Call us at +91-731-6642300
  2. 2. DAILY REPORT 17st JANUARY. 2013 EQUITY CASH & FUTURE STOCK RECOMMENDATIONS [FUTURE] 1. ITC FUTURE STOCK RECOMMENDATION [CASH] 1. GITANJALI GEMS ITC FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 332 levels. We advise buying above 332 levels with strict stop loss 327 for the targets of 338-345 levels. 2. BHARAT FORGE FUTURE GITANJALI GEMS is looking strong on charts. We advice buying above 70 levels with strict stoploss of 65 for the targets of 75-80 levels. MACRO NEWS        BHARAT FORGE FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 352 levels. We advise buying on dips around 348-350 levels with strict stop loss 342 for the targets of 358-365 levels. YOUR MINTVISORY   FY14 deficit likely to be lower than 4.8% target FY14 fiscal deficit expected to be lower than 4.8% target Air India employees back airline's pivatisation: Moody's has given India an investment grade rating of Baa3 with a stable outlook Axis Bank Q3 net rises 19% to Rs 1,604 cr, NPAs rise IOC stake sale is likely to happen within a week, which may fetch the government Rs 4,800-Rs 5,000 crore. ONGC and OIL may pick up 50 percent stake each. Bajaj Auto Q3 net profit up 10.5 percent, beats estimates Richemont seeks entry into India's luxury retail market TCS net profit surges 49.6 percent, sees stronger growth in next fiscal Call us at +91-731-6642300
  3. 3. DAILY REPORT FUTURE & OPTION 17st JANUARY. 2013 MOST ACTIVE PUT OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) NIFTY PE 6,300 52.6 3,28,234 45,53,900 NIFTY PE 6,200 24.7 3,16,240 68,93,900 NIFTY PE 6,100 11.55 1,54,630 57,15,950 BANKNIFTY PE 11,000 157.85 BANKNIFTY PE 10,500 BANKNIFTY PE AXISBANK TCS STOCKS IN NEWS  HCL Tech Q2 beats estimates, net jumps 5.7% to Rs 1496 cr and dollar revenues grew 4%  Sasken Communication will mull special dividend on January 2  DCB Bank's Q3 net profit rose to Rs 36.4 crore versus Rs 27 crore (YoY)  Credit Suisse downgrades Bharti to neutral and cuts target price to Rs 310 from Rs 420 Open Interest 14,542 2,91,150 32.05 9,437 2,74,300 10,800 89 7,043 1,05,350 PE 1,150 17.5 5,899 2,91,250 PE 2,300 23.15 5,830 3,48,000 NIFTY FUTURE MOST ACTIVE CALL OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 6,400 36 3,53,490 48,20,750 NIFTY CE 6,300 83.25 2,97,016 49,90,150 NIFTY CE 6,500 12.25 1,84,038 40,00,150 BANKNIFTY CE 11,500 66.25 22,974 3,72,925 BANKNIFTY CE 11,200 152 17,054 1,71,925 BANKNIFTY CE 11,300 118 10,668 TCS CE 2,400 33.9 9,292 AXISBANK CE 1,200 22 7,870 1,30,850 Nifty Future closed in the green in the last trading session. We buying around 6300-6280 levels with strict stop 6,78,625 loss of 6250 for the targets of 6350-6380 levels. 6,57,000 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 78264 2431.38 62910 1944.73 473223 14798.49 486.65 INDEX OPTIONS 439965 13566.30 471272 14461.59 1268254 39841.09 -895.29 STOCK FUTURES 59311 1965.20 58645 1927.12 1052532 33436.53 38.08 STOCK OPTIONS 49555 1511.91 51616 1579.79 90718 2962.72 -67.87 TOTAL -438.43 INDICES NIFTY S2 S1 PIVOT R1 R2 6243.9 6282.4 6303.8 6342.3 6363.7 NIFTYJUNIOR 12498.24 12554.79 12601.84 12658.39 12705.45 BANK NIFTY 0913.86 11019.63 11091.86 11197.63 11269.86 YOUR MINTVISORY Call us at +91-731-6642300
  4. 4. DAILY REPORT 17st JANUARY. 2013 COMMODITY MCX RECOMMENDATIONS SILVER COMMODITY ROUNDUP MCX gold futures for February are trading on a flat note amid lack of a major movement in global gold prices. The commodity has slipped from its one month high this week but the losses have been rather limited on hopes of steady demand from retail buyers as well as investors after a massive drop in prices last year. COMEX Gold is quoting at $$1338.30, unchanged on the day amid a very thin movement today. MCX Gold is quoting at Rs 29010, down Rs 9 per 10 grams on the day. TRADING STRATEGY: BUY SILVER ABOVE 44950 TGTS 45150/45450 SL 44600 SELL SILVER BELOW 44600 TGTS 44400/44100 SL 44950 GOLD The Union government has hiked tariff values for Gold and silver in line with the recovery in global prices in last couple of weeks. According to a latest update from the Ministry of Finance, the tariff value for gold has been hiked by $15 or 3.82% to $407 per 10 grams while the same for Silver has been hiked by $25 or 3.91% per tonne to $663 per kg. Both gold and silver jumped in the New Year, hitting their multi week highs on bargain buying after massive losses in last year. Gold prices slipped 28% while silver lost a whopping 36% in 2013. Meanwhile, the Euro remained on tenterhooks today, quoting around 1.3600 levels against the US dollar. The single currency had eased yesterday and is failing to witness much of buying amid a string of positive US economic data and spurt in US stocks.US stocks added further gains on Wednesday, with the S&P 500 building on its biggest gain in nearly a month, after strong data and earnings from Bank of America pointed to continued improvement in the economy TRADING STRATEGY: BUY GOLD ABOVE 29190 TGTS 29270/29370 SL 29070 SELL GOLD BELOW 29000 TGTS 28920/28820 SL 29120 YOUR MINTVISORY Gold was steady in early trade on Friday but was headed for its first weekly drop in four weeks as a string of U.S. data showed more strength in the recovery of the world's largest economy . Call us at +91-731-6642300
  5. 5. DAILY REPORT 17st JANUARY. 2013 NCDEX RECOMMENDATIONS CASTORSEED NCDEX INDICES Index Value % Change Castor Seed 4352 -0.64 Chana 3060 -0.65 Coriander 7970 0.64 Cotton Seed Oilcake 1572 -0.76 12540 -0.02 Maize– Feed/ Industrial Grade 1191 -1.16 Mustard seed 3625 0.14 Soy Bean 3715 0.95 Turmeric 6746 -0.5 Jeera BUY CASTORSEED FEB ABOVE 4445 TGTS 4475/4505 SL 4395 SELL CASTORSEED FEB BELOW 4370 TGTS 4340/4290 SL 4420 NCDEX ROUNDUP DHANIYA The turmeric futures pared the prior session's gains on short selling at higher side. The turmeric futures for the April delivery ended the day at Rs 6746, down Rs 34 or 0.50%. The Turmeric markets in Andhra Pradesh opened today after a short Holiday on account of local festivities owing to Pongal. Nizamabad has seen new crop arrivals of 1500 bags (75 kgs each) and around 1000 bags from the old crop. The arrivals from new crop are expected to increase in coming days. Spot prices are lingering at Rs 5905, up Rs 65 per quintal on the day as there is good demand after the break in activity. Cardamom futures ended the Thursday's session with nominal losses on long liquidations trigged by strong availability. The MCX cardamom for February delivery ended the session at Rs 703.30, down Rs 1.80 or 0.26%. BUY DHANIYA FEB ABOVE 8250 TGTS 8280 / 8330 SL 8200 SELL DHANIYA FEB BELOW 8070 TGTS 8040 / 7990 SL 8120 YOUR MINTVISORY The harvesting of the new crop had just started in Guatemala. Crop size is similar to last year. The prices of the greens had been reduced somewhat, as it is now peak harvesting season of the green cardamoms . Call us at +91-731-6642300
  6. 6. DAILY REPORT 17st JANUARY. 2013 CURRENCY RBI Reference Rate Currency Rate Currency Rupee- $ 61.5325 Yen-100 Euro 83.8395 GBP USD/INR Rate 58.7700 100.7349 CURRENCY ROUNDUP The Indian rupee ended little changed on Thursday as dollar demand from importers was adequately met by dollar selling by foreign banks, likely on behalf of clients looking to invest in the domestic debt market. Bonds continued to gain for a fifth straight session with foreign funds having bought more than $2 billion worth of bonds so far in 2014. Broad strength in the dollar versus most other regional and major currencies prevented the rupee from making sharp gains while sustained selling from foreign banks limited any sharp fall, holding the pair in a tight range. SELL USD/INR BELOW 61.52 TGTS 61.38,61.18 SL 61.82. BUY USD/INR ABOVE 61.95 TGTS 62.09, 62.23 SL 61.60. GBP/INR "Yesterday it was mainly the petro demand being met by custodian bank dollar sales, there was nothing major otherwise. Tomorrow, too, expected range trading between 61.45 to 61.75 to continue, The partially convertible rupee closed at 61.5350/5450 per dollar compared to 61.54/55 on Wednesday. The unit moved in a narrow range of 61.51 to 61.7150 during the session. Losses in the domestic share market also prevented the rupee from gaining. The U.S. dollar held firm having returned to levels seen before last week's soft payrolls data as faith in the U.S. economic recovery was restored, while the Australian dollar slid to a 3-1/2-year low after a dismal local jobs re- SELL GBP/INR BELOW 100.55 TGTS 100.40,100.25 SL 100.91. BUY GBP/INR ABOVE 101.15 TGTS 101.34,101.55 SL 100.79 YOUR MINTVISORY port. In the offshore non-deliverable forwards, the onemonth contract was at 61.88 while the three-month was at 62.69.The strong data reinforced expectations that the U.S. economic recovery will continue to deepen going into this year and offset lingering concerns over last week's surprising weak U.S. nonfarm payrolls report The dollar was slightly lower against the euro, with EUR/USD easing up 0.11% to 1.3618 Call us at +91-731-6642300
  7. 7. DAILY REPORT 17st JANUARY. 2013 CALL REPORT PERFORMANCE UPDATES Date Commodity/ Currency Pairs Contract Strategy Entry Level Target Stop Loss Remark 16/01/14 MCX GOLD FEB. BUY 29040 29120-29220 28920 BOOKED PROFIT 16/01/14 MCX GOLD FEB. SELL 28980 28900-28800 29100 SL TRIGGERED 16/01/14 MCX SILVER MAR. BUY 44950 45150-45450 44600 NOT EXECUTED 16/01/14 MCX SILVER MAR. SELL 44600 44350-44000 45000 BOOKED PROFIT 16/01/14 NCDEX CASTOR SEED FEB. BUY 4480 4510-4560 4430 NOT EXECUTED 16/01/14 NCDEX CASTOR SEED FEB. SELL 4400 4380-4330 4450 BOOKED PROFIT 16/01/14 NCDEX DHANIYA FEB. BUY 8150 8180-8230 8100 BOOKED FULL PROFIT 16/01/14 NCDEX DHANIYA FEB. SELL 8010 7980-7980 8050 NOT EXECUTED 16/01/14 USD/INR JAN. SELL 61.56 61.43-61.30 61.91 NO PROFIT NO LOSS 16/01/14 USD/INR JAN. BUY 61.95 62.10-62.25 61.60 NOT EXECUTED 16/01/14 EUR/INR JAN. SELL 83.95 83.82-83.67 84.30 BOOKED PROFIT 16/01/14 EURINR JAN. BUY 84.33 84.50-84.66 83.98 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 16/01/14 NIFTY FUTURE BUY 6340 6360-6390 6315 SL TRIGGERED 16/01/14 BANK OF BARODA FUTURE BUY 636 642-650 628 NOT EXECUTED 16/01/14 ITC FUTURE BUY 331 334-339 327 SL TRIGGERED 16/01/14 BHARTI AIRTEL CASH BUY 335 338-343 331 NOT EXECUTED 15/01/14 SKS MICRO CASH BUY 186 192-198 180 CALL OPEN 14/01/14 APPOLO TYRE FUTURE BUY 117 120-122 115 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 17st 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