Special report by epic research 2 january 2014


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Special report by epic research 2 january 2014

  1. 1. DAILY REPORT 02nd JANUARY. 2014 Global markets at a glance World Indices Asian markets got the new year off to a sluggish start as Index Chinese economic data disappointed ahead of a raft of DJl reports on global manufacturing. Japan's Nikkei. N225 was closed on Thursday but ended 2013 with an annual Value % Change 16,576.66 NEW YEAR HOLIDAY S&P 500 1,848.36 NEW YEAR HOLIDAY NASDAQ EURO STO FTSE 100 4,176.59 3,109.00 6,749.09 NEW YEAR HOLIDAY NEW YEAR HOLIDAY NEW YEAR HOLIDAY sentially flat. Nikkei 225 Hong Kong 16,291.31 23,218.38 +0.69 -0.38 Wall Street Update Top Gainers Wall St. ended best year since 1990s on 31 December Company with moderate gains. The markets were closed on account of New Year holiday. gain of 57 percent. MSCI's broadest index of Asia-Pacific shares outside Japan. MIAPJ0000PUS ended last year es- CMP Change % Chg BHARTIARTL 338.70 8.45 +2.56 BANKBARODA 660.00 14.45 +2.24 DLF 170.35 3.65 +2.19 Previous day Roundup RANBAXY 462.90 9.65 +2.13 The first day of 2014 was completely listless for the mar- ASIANPAINT 499.20 9.20 +1.88 ket as institutional investors and big traders were away Top Losers from the market. After trading in a very tight range of 60- Company CMP Change % Chg 70 points, the Sensex closed at 21,140.48, down 30.20 vious session. But the outperformance of broader mar- WIPRO BHEL TATAPOWER TCS RELIANCE 551.80 174.95 90.40 2,153.00 888.15 7.40 1.95 0.95 19.05 7.05 -1.32 -1.10 -1.04 -0.88 -0.79 kets continued for the second consecutive week. The BSE Stocks at 52 Week’s high Midcap Index rose 0.47 percent and Smallcap gained 1.5 Symbol Prev. Close Change %Chg percent as nearly two shares advanced for every share BATAINDIA 1,068.00 14.25 +1.35 declining. DELTACORP 111.85 7.85 +7.55 GMRINFRA 24.85 0.05 +0.20 points compared to previous day’s value. The Nifty was down 2.35 points to 6,301.65. Total turnover of the market was Rs 50,031 crore as against Rs 68,000 crore in pre- Index stats SASKEN 192.00 4.25 +2.26 The Bankex and Bank Nifty both advanced slightly. TATACOMM 309.55 0.45 +0.15 Among the sartorial indices almost all the sectors closed Stocks at 52 Week’s Low up; Capital Goods [up 5.03pts], AUTO [up 15.75pts], PSU Symbol Prev. Close Change %Chg [up 16.69pts], Consumer Durables [up 52.00pts], Realty -- CMP Change % Chg 6,301.65 21,140.48 -2.35 -30.20 -0.04 -0.14 [ up 41.38pts], Metals [up 21.06pts]. Power [up 1.54pts], FMCG [up 9.69pts] and Healthcare [up Indian Indices 52.47pts], the index declined were Oil & Gas [down Company 32.72pts], TECK [down 10.14pts], IT [down 59.45pts]. NIFTY SENSEX YOUR MINTVISORY Call us at +91-731-6642300
  2. 2. DAILY REPORT 02nd JANUARY. 2014 EQUITY CASH & FUTURE STOCK RECOMMENDATIONS [FUTURE] 1. IRB STOCK RECOMMENDATION [CASH] 1. UB HOLDINGS IRB FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 96.50. We advise buying around 96.50-97.50 levels with strict stop loss 94.50 for the targets of 99-102. UB HOLDINGS is looking strong on charts. We advise buying above 38 levels with strict stop loss of 34 for the targets of 42-46 levels. 2. RCOM MACRO NEWS  StanChart sees positive IIP, RBI pause continuing in Jan. RCOM FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 140. We advise buying on dips around 137-139 levels with strict stop loss 135 for the targets of 142-145. YOUR MINTVISORY  GMR may exit part of its Nepal assets.  India on Wednesday cancelled its Rs 3,600 crore deal with Anglo-Italian firm AgustaWestland for supply of 12 VVIP choppers to the Air Force in view of charges that kickbacks to the tune of Rs 360 crore were paid in it.  Management at Hindustan Unilever are anxious that a major global business re-organisation unleashed by Unilever Chairman Paul Polman will result in job cuts in India, limit growth prospects for managers  Lokpal Bill gets President's nod.  Delhi govt orders CAG audit of pvt power companies. The audit will begin from today. Three companies have been given time for audit, Tata Power Delhi Distribution Ltd. is in them.  Price of non-subsidised LPG hiked by Rs 220 per cylinder. Call us at +91-731-6642300
  3. 3. DAILY REPORT FUTURE & OPTION 02nd JANUARY. 2014 STOCKS IN NEWS MOST ACTIVE PUT OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest  M&M Ltd today reported 15 per cent increase in to- tal tractor sales at 17,037 units in December.  The CBI's decision to launch a preliminary enquiry in NIFTY PE 6,300 79.05 66,567 41,03,450 NIFTY PE 6,200 48.55 49,101 37,38,000 NIFTY PE 6,100 28.95 38,311 30,21,500 BANK NIFTY PE 11,000 114.45 6,140 1,35,325 SBIN PE 1,700 24,05 813 2,27,500 RCOM PE 130 2.65 1,110 8,70,000 RELIANCE PE 880 14.20 1,179 3,06,500 INFY PE 3,500 142.25 768 1,39,625 the disinvestment process of Hindustan Zinc has further dampened the morale of a bureaucracy.  RIL's Sikka Port expansion hits hurdle; to submit material to ascertain project’s impact on environment. NIFTY FUTURE MOST ACTIVE CALL OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 6,400 83.65 64,311 37,37,400 NIFTY CE 6,500 45.05 58,235 46,58,150 NIFTY CE 6,300 21.35 44,037 31,50,300 BANKNIFTY CE 12,000 120.00 6,476 2,37,475 RCOM CE 140 5.90 2,831 15,92,000 RELIANCE CE 900 21.10 1,697 6,58,250 SBIN CE 1,800 42.50 2,277 5,15,250 DLF CE 180 4.50 1,361 22,54,000 MCDOWELL -N CE 2,600 103.00 1,305 2,60,375 Nifty Future closed in the red in the last trading session. We advise buying around 6340-6350 with strict stop loss of 6310 for the targets of 6375-6390 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 2500 76.06 2884 91.43 440021 13888.78 -15.36 INDEX OPTIONS 55628 1738.79 38804 1186.29 983482 30932.97 552.50 STOCK FUTURES 10033 323.99 9537 300.03 952558 30881.44 23.96 STOCK OPTIONS 8230 262.97 8486 264.32 22381 665.02 -1.35 TOTAL 559.74 INDICES NIFTY S2 S1 PIVOT R1 R2 6280.08 6290.86 6309.03 6319.81 6337.98 NIFTYJUNIOR 12910.05 12948.55 12980.7 13019.2 13051.35 BANK NIFTY 11321.5 11353.55 11393.05 11425.1 11464.6 YOUR MINTVISORY Call us at +91-731-6642300
  4. 4. DAILY REPORT 02nd JANUARY. 2014 COMMODITY MCX RECOMMENDATIONS SILVER COMMODITY ROUNDUP The SILVER rate touched an intraday high of Rs 44588 and an intraday low of Rs 42435. So far 39871 contracts have been traded. Silver opened at morning with gap down and made day high. In mid session silver trade in narrow range and made night low 42435 . After evening Have seen more selling pressure in silver and it will helpful to break the nearest support 43900. The GOLD rate touched an intraday high of Rs 28578 and an intraday low of Rs 28075. So far 17171 contracts have been traded. Gold Price is taking support at 28230 and trade in sideways range all day. In evening session gold price have broke the nearest support 28290 and made low of 28075. TRADING STRATEGY: BUY SILVER ABOVE 44250 TGTS 44450/44750 SL 43880 SELL SILVER BELOW 43700 TGTS 43500/43200 SL 44100 The US Federal Reserve is to reduce its monthly bond buying program, known as Quantitative Easing (QE), by $10 billion a month, to $75 bn from Monday. This indicates a recovery in the US economy which might strengthen the dollar and result in increased investment in US treasury bonds. A stronger dollar is expected to reduce bullion’s appeal as a safe-haven investment. Thus Gold and Silver may lose the Sheen further. The Supreme Court-appointed monitoring committee to oversee e-auction of iron ore in Karnataka is readying to put on auction an additional four or five million tonnes (mt) of iron ore dumps, which contain mostly sub-grade iron ore (with Fe content of 45-50 per cent), for auction as the demand-supply gap still remains wide. GOLD TRADING STRATEGY: BUY GOLD ABOVE 28490 TGTS 28570/28670 SL 28380 SELL GOLD BELOW 28380 TGTS 28300/28200 SL 28480 YOUR MINTVISORY India gold futures remained in a narrow range on Wednesday as international markets are closed on account of new year holiday. Gold futures for February delivery on India's Multi Commodity Exchange (MCX) was seen trading almost flat at Rs. 28432 per 10 grams as of 14.50 IST on Wednesday. On Tuesday, in the global market, gold declined to a 24 week low in a thin year-end trade. Gold recorded its its biggest annual decline in three decades as signs of economic recovery prompted the investors to withdraw their money from the yellow metal. Holdings in the SPDR Gold Trust, declined 0.37% to 798.22 tons on Monday, lowest since January 2009. Call us at +91-731-6642300
  5. 5. DAILY REPORT 02nd JANUARY. 2014 NCDEX RECOMMENDATIONS CASTORSEED NCDEX INDICES Index Value % Change Castor Seed 4609 +1.03 Chana 3106 +1.01 Coriander 8191 +1.59 Cotton Seed Oilcake 1487 +0.88 12530 -0.61 Maize– Feed/ Industrial Grades 1192 0.00 Mustard seed 3534 +0.37 Soy Bean 3805 -0.37 Sugar M Grade 2820 +0.43 Turmeric 6610 -0.09 Jeera BUY CASTORSEED FEB ABOVE 4725 TGTS 4755,4605 SL 4675 SELL CASTORSEED FEB BELOW 4625 TGTS 4595,4545 SL 4675 DHANIYA NCDEX ROUNDUP Zinc futures prices yesterday edged up by 0.16% to Rs 128.60 per kg as speculators enlarged positions amid a firming trend at spot markets on better demand even as metals weakened in the global markets. At the MCX, zinc for delivery in February up by 20 paisa, or 0.16%, to Rs 128.60 per kg, with a business turnover of six lots. The metal for delivery in January also rose marginally by 10 paisa, or 0.08%, to Rs 127.90 per kg in a business volume of 217 lots. Fresh positions created by participants amid improved demand in the spot market supported the rise in zinc futures but metals' weakness overseas, restricted gains. The wholesale sugar prices settled on a steady note in the national capital today following sporadic demand. After two day's fall prices finally found fresh buying support and held unchanged. BUY DHANIYA JAN ABOVE 8240 TGTS 8270,8320 SL 8190 SELL DHANIYA JAN BELOW 8130 TGTS 8100,8050 SL 8180 YOUR MINTVISORY Aluminium prices edged up by 0.32% to Rs 110.45 per kg in futures trade yesterday as participants enlarged their positions, supported by a firming trend at spot markets on strong demand. At the Multi Commodity Exchange, Aluminium for delivery in January inched up by 35 paise, or 0.32%, to Rs 110.45 per kg in business turnover of 39 lots. Call us at +91-731-6642300
  6. 6. DAILY REPORT 02nd JANUARY. 2014 CURRENCY RBI Reference Rate Currency Rate Currency Rupee- $ 62.0028 Yen-100 Euro 85.1855 GBP Rate 58.8600 102.1682 EUR/INR CURRENCY ROUNDUP The rupee ended lower on Wednesday, the first trading session of 2014, with traders focused on key macroeconomic data ahead of the RBI's rate meeting later this month. Volumes were thin as most global markets were shut for new year holidays. Emerging from a year which saw the rupee plumbing to a series of lows, traders are awaiting allocations from foreign investors into local markets, which form a key support for the currency. Foreign investors have been buyers of over $20 billion in stocks in 2013 as local benchmark indexes hit record highs. The debt markets saw outflows of $8 billion, primarily since mid-May, but have turned positive in December. Both wholesale and retail inflation data due by mid-January will be closely watched ahead of the central bank's monetary policy review on Jan. 28. BUY EUR/INR ABOVE 85.78 TGTS 85.92, 86.11 SL 85.38. SELL EUR/INR BELOW 85.34 TGTS 85.19, 85.02 SL 85.74. The partially convertible rupee closed at 61.90/91 per dollar compared with 61.80/81 on Tuesday, in a range bound trading session. It ended 2013 down 11 percent, a third successive annual loss. In the offshore non-deliverable forwards, the one-month contract was at 62.21, while the threemonth was at 63.07. GBP/INR The yen resumed its long decline as investors used it to fund purchases of higher-yielding assets abroad. The drop in the yen has been viewed as positive for Japanese exports and corporate earnings, and a major reason its share markets outperformed all others last year. For other major currencies the main themes continued to be weakness in the yen and resilience in the euro. The common currency was up at 144.97 yen having clocked up gains of 26 percent over 2013 to reach a five-year peak of 145.67. The dollar was likewise firm at 105.32 yen having climbed 21 percent last year. SELL GBP/INR BELOW 102.65 TGTS 102.50, 102.30 SL 103.05. BUY GBP/INR ABOVE 103.20 TGTS 103.36, 103.55 SL 102.75. YOUR MINTVISORY The euro was a shade softer on the dollar at $1.3763, but still not far from its recent two-year peak of $1.3892. Call us at +91-731-6642300
  7. 7. DAILY REPORT 02nd JANUARY. 2014 CALL REPORT PERFORMANCE UPDATES Date Commodity/ Currency Pairs Contract Strategy Entry Level Target Stop Loss Remark 31/12/13 MCX GOLD FEB. BUY 28480 28560-28660 28380 NO PROFIT NO LOSS 31/12/13 MCX GOLD FEB. SELL 28350 28270-28170 28480 NOT EXECUTED 31/12/13 MCX SILVER MAR. BUY 44400 44600-44900 44040 NOT EXECUTED 31/12/13 MCX SILVER MAR. SELL 43730 43530-43230 44100 NOT EXECUTED 31/12/13 NCDEX CASTOR SEED FEB. SELL 4550 4520-4470 4600 NOT EXECUTED 31/12/13 NCDEX CASTOR SEED FEB. BUY 4675 4705-4755 4625 BOOKED FULL PROFIT 31/12/13 NCDEX DHANIYA JAN. BUY 8120 8150-8200 8070 BOOKED FULL PROFIT 31/12/13 NCDEX DHANIYA JAN. SELL 8010 7980-7930 8060 BOOKED PROFIT 31/12/13 USD/INR JAN. SELL 62.04 61.89-61.71 62.40 NOT EXECUTED 31/12/13 USD/INR JAN. BUY 62.45 62.59-62.82 62.09 NOT EXECUTED 31/12/13 JPY/INR JAN. SELL 59.15 59.00-58.84 59.51 BOOKED PROFIT 31/12/13 JPYINR JAN. BUY 59.64 59.80-59.98 59.28 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 31/12/13 NIFTY FUTURE BUY 6340-6350 6375-6390 6310 CALL OPEN 31/12/13 MCDOWELL FUTURE BUY 2600-2620 2650-2690 2560 BOOKED PROFIT 31/12/13 IDFC FUTURE BUY 109-110 112-115 107 NOT EXECUTED 31/12/13 ARIES AGRO CASH BUY 52 56-60 48 BOOKED PROFIT 31/12/13 NIFTY FUTURE SELL 6370-6390 6320-6280 6420 CALL OPEN 31/12/13 COAL INDIA FUTURE BUY 288-290 296-300 285 BOOKED PROFIT 31/12/13 BHEL FUTURE BUY 168-170 175-180 165 CALL OPEN 30/12/13 KOTLE PATIL CASH BUY 95 100-105 95 CALL OPEN 27/12/13 TATA STEEL FUTURE BUY 428 434-438 422 CALL OPEN 23/12/13 RELIANCE FUTURE BUY 895-900 915-935 878 CALL OPEN YOUR MINTVISORY Call us at +91-731-6642300
  8. 8. DAILY REPORT 02nd JANUARY. 2014 ECONOMIC CALENDAR NEXT WEEK'S U.S. ECONOMIC REPORTS TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS -- -0.6% MONDAY, DEC. 30 10 am Pending home sales Nov. TUESDAY, DEC. 31 9 am 9:45 am 10 am Case-Shiller home prices Oct. -- 13.3% y-o-y Chicago PMI Dec. 61.8 63.0 Consumer confidence Dec. 75.0 70.4 12/28 N/A 338,000 WEDNESDAY, JAN. 01 New Year's Day None scheduled THURSDAY, JAN. 02 8:30 am Weekly jobless claims 9 am Market PMI Dec. -- 54.4 10 am ISM Dec. 56.9% 57.3% 10 am Construction spending Nov. 0.9% 0.8% 16.0 mln 16.3 mln FRIDAY, JAN. 03 TBA Motor vehicle sales Dec. 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