Special report by epic research 21 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 21 january 2014

  1. 1. DAILY REPORT 21st JANUARY. 2013 Global markets at a glance Asian markets crept higher on Tuesday as Japanese stocks rebounded and Chinese money rates eased, while the U.S. dollar got a fillip from a report the Federal Reserve would again trim its bond buying next week. The dollar broke the early lethargy with a hop to 104.48 yen when the Wall Street Journal reported the Fed is on track to trim its bondbuying program for the second time in six weeks, paring back by $10 billion to $65 billion a month. Wall Street Update A lackluster U.S. jobs report had not diminished the central bank's confidence in the economy, wrote Fed watcher Jon Hilsenrath. Investors suspect he has an inside line to policy makers and put a lot of weight on his opinion. It was enough to nudge 10-year U.S. Treasury yields up a couple of basis points to 2.84 percent, following the U.S. market holiday on Monday. The drop in the yen helped Japan's Nikkei .N225 bounce 1.1 percent, and dragged up markets from South Korea to Taiwan. MSCI's broadest index of Asia -Pacific shares outside Japan .MIAPJ0000PUS swung round to be 0.36 percent firmer Previous day Roundup After a volatile session, the market ended the day on a strong note. The Sensex ended up 141.43 points at 21205.05, and the Nifty closed at 6303.95, up 42.30 points. About 1383 shares have advanced, 1209 shares declined, and 245 shares are unchanged. IT stocks kept the market busy with TCS gaining 5.5 percent while Wipro was up 4 percent. Sesa Sterlite, ITC and Tata Motors were other gainers in the Sensex. Reliance, Coal India, Tata Power, Sun Power and Bharti was major laggards in the Sensex. Index stats The Market was up in yesterday session where Bankex and Bank Nifty both closed almost flat (up0.75 % and up 0.88 % respectively). Among the sartorial indices almost the sectors which were up are; Capital Goods [up 11.66 pts], AUTO [up 86.40 pts], Metals [up 23.33 pts], and the index advanced were Consumer Durables [up 18.55pts], IT [up 265.49 pts], Healthcare [up28.57 pts], FMCG [up70.65 pts] Realty [up 1.25 pts], TECK [up 128.50 pts]. And PSU [down0.35 pts], Oil & Gas [down –84.14pts],Power [down –58.35 pts], sectors were down. World Indices Index Value % Change 16458.56 +0.25 S&P 500 1838.70 -0.39 NASDAQ EURO STO FTSE 100 4197.58 3153.17 6836.73 -0.50 -0.03 -0.03 Nikkei 225 Hong Kong 15872.52 23025.76 +1.48 +0.42 DJl Top Gainers Company CMP Change % Chg 2334.90 121.85 5.51 574.00 21.30 3.85 1430.85 51.20 3.71 INDUSINDBK 435.00 11.65 2.75 SSLT 205.50 4.90 2.44 CMP Change % Chg 868.00 77.45 2593.00 307.65 144.15 -16.75 0.90 -29.00 -3.25 -1.35 -1.89 -1.15 -1.11 -1.05 -0.93 Prev. Close Change %Chg 1379.65 51.20 3.71 BHUSANSTL 475.20 4.65 0.98 CERA 756.30 0.70 0.09 INFINITE 155.35 3.15 2.03 WIPRO 552.70 21.30 3.85 Prev. Close Change %Chg CMP Change % Chg 6303.95 21205.05 42.30 141.43 0.68 0.67 TCS WIPRO HCLTECH Top Losers Company RELIANCE TATAPOWER GRASIM BHARTIAIRTEL NMDC Stocks at 52 Week’s high Symbol HCL-TECH Stocks at 52 Week’s Low Symbol -- Indian Indices Company NIFTY SENSEX YOUR MINTVISORY Call us at +91-731-6642300
  2. 2. DAILY REPORT 21st JANUARY. 2013 EQUITY CASH & FUTURE STOCK RECOMMENDATIONS [FUTURE] 1. ITC FUTURE STOCK RECOMMENDATION [CASH] 1. RELIANCE MEDIAWORKS 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 337-339 levels. RELIANCE MEDIAWORKS is looking strong on charts. We advice buying above 55 levels with strict stop loss of 51 for the targets of 59-62 levels. MACRO NEWS 2. RCOM FUTURE  RCOM FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 132 levels. We advise buying around 130-131 levels with strict stop loss 127 for the targets of 134-135 levels. YOUR MINTVISORY Yesterday the directed the Planning Commission to set up a committee with representatives from northeastern states to monitor and improve coordination for infrastructure development in the region as he reviewed its status here.  the (textiles exports) target will be USD 60 billion, having seen the potential and concentrating on skill development in the country, focus on textile sector by the government and also the necessity of the advanced nations to depend entirely on Asia, especially China and India, Union Textiles Minister K S Rao  Public sector power producer NTPC yesterday said it facing illegal mining at its Pakri Barwadih coal block in and alleged the state is not providing law and order support, while asking the government to look into the issue.  Venture Capital firms invested about $805 million over 206 deals in India during 2013, registering a fall of about 18 per cent over the corresponding period a year ago, Call us at +91-731-6642300
  3. 3. DAILY REPORT FUTURE & OPTION 21st JANUARY. 2013 MOST ACTIVE PUT OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) NIFTY PE 6,200 19 4,64,438 71,47,400 NIFTY PE 6,300 47.05 4,11,313 53,57,050 NIFTY PE 6,100 7.65 2,25,748 54,15,800 BANKNIFTY PE 10,800 69.1 19,918 1,23,850 BANKNIFTY PE 10,500 22 16,563 2,88,625 BANKNIFTY PE 11,000 139 12,808 2,24,150 SBIN PE 1,600 12.9 3,085 2,72,875 INFY PE 3,650 8.2 2,699 STOCKS IN NEWS  Biocon introduces world's first biosimilar Trastuzumab that drug is used for breast cancer treatment  Banks will recast Rs 5,000-crore debt of Era Infra Engineering  Cabinet Committee on Economic Affairs is likely to take up Hindustan Zinc residual stake sale today  Reliance Media Works board approves delisting NIFTY FUTURE Open Interest 2,95,500 MOST ACTIVE CALL OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 6,300 65 4,85,139 49,34,700 NIFTY CE 6,400 23.35 3,77,583 43,13,800 NIFTY CE 6,500 6.35 1,50,893 43,68,200 BANKNIFTY CE 11,000 180.1 24,044 3,50,025 BANKNIFTY CE 11,500 34.5 20,870 3,81,875 BANKNIFTY CE 11,200 99.1 14,608 INFY CE 3,800 23 RCOM CE 130 5.25 Nifty Future closed in the green in the last trading ses1,75,775 sion. We advise buying around 6290-6300 levels with strict stop loss of 6270 for the targets of 6340-6370 lev4,317 4,80,125 els. 3,939 20,00,000 FII DERIVATIVES STATISTICS No. of Amount in No. of Amount in No. of Contracts Crores Contracts Crores Contracts Amount in Crores NET AMOUNT INDEX FUTURES 55853 1731.53 63718 1976.72 483731 14965.21 -245.19 INDEX OPTIONS 378140 11632.89 381733 11732.81 1284522 39930.19 -99.92 STOCK FUTURES 87075 2877.53 87504 2858.17 1062797 33180.93 19.36 STOCK OPTIONS 65803 2020.71 66774 2054.05 99787 3241.57 -33.34 TOTAL -359.09 INDICES NIFTY S2 S1 PIVOT R1 R2 6197.61 6229.63 6278.36 6310.38 6359.11 NIFTYJUNIOR 12175.06 12256.13 12381.91 12462.98 12588.76 BANK NIFTY 10774.15 10842.75 10962.35 11030.95 11150.55 YOUR MINTVISORY Call us at +91-731-6642300
  4. 4. DAILY REPORT 21st JANUARY. 2013 COMMODITY MCX RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER ABOVE 45300 TGTS 45500/45800 SL 44950 SELL SILVER BELOW 44950 TGTS 44750/44450 SL 45300 GOLD TRADING STRATEGY: BUY GOLD ABOVE 29350 TGTS 29430/29530 SL 29250 SELL GOLD BELOW 29250 TGTS 29170/29070 SL 29350 YOUR MINTVISORY COMMODITY ROUNDUP Gold steadied after touching its highest level in nearly six weeks on Monday, still finding support from a lower dollar and a dip in equities, which improved investor confidence in the metal. Platinum prices rose to their highest level in more than two months after the main trade union for South African platinum miners said workers at the world's top three producers would go out on strike this week. Spot gold hit its highest level since mid-December at $1,259.46 an ounce earlier and was trading up 0.1 percent at $1,254.70 by 1116 GMT. U.S. gold futures for February delivery were up $2.80 at $1,254.60 an ounce. European shares edged lower, retreating from 5-1/2 year highs, while the dollar fell 0.2 percent versus a basket of main currencies. Liquidity was expected to be thin with U.S. markets closed on Monday for a holiday. MCX GOLDPETAL January contract was trading at Rs 2982 up Rs 6, or 0.20 percent. The GOLDPETAL rate touched an intraday high of Rs 2983 and an intraday low of Rs 2969. So far 4467 contracts have been traded. GOLDPETAL prices have moved down Rs 25, or 0.83 percent in the January series so far. MCX GOLDPETAL February contract was trading at Rs 2941 up Rs 6, or 0.20 percent. The GOLDPETAL rate touched an intraday high of Rs 2943 and an intraday low of Rs 2932. So far 3248 contracts have been traded. GOLDPETAL prices have moved down Rs 24, or 0.81 percent in the February series so far. MCX SILVERMIC February contract was trading at Rs 45193 up Rs 28, or 0.06 percent. The SILVERMIC rate touched an intraday high of Rs 45285 and an intraday low of Rs 45020. So far 21035 contracts have been traded. SILVERMIC prices have moved up Rs 3193, or 7.60 percent in the February series so far. MCX SILVERMIC April contract was trading at Rs 46204 up Rs 74, or 0.16 percent. The SILVERMIC rate touched an intraday high of Rs 46280 and an intraday low of Rs 46030. So far 1336 contracts have been traded. SILVERMIC prices have moved down Rs 10912, or 19.10 percent in the April series so far. MCX SILVERMIC June contract was trading at Rs 47150 up Rs 39, or 0.08 percent. The SILVERMIC rate touched an intraday high of Rs 47253 and an intraday low of Rs 46600. So far 143 contracts have been traded. SILVERMIC prices have moved down Rs 128, or 0.27 percent in the June series so far. Call us at +91-731-6642300
  5. 5. DAILY REPORT 21st JANUARY. 2013 NCDEX RECOMMENDATIONS CASTORSEED NCDEX INDICES Index Value % Change Castor Seed 4275 0 Chana 3020 -0.59 Coriander 7950 -1.01 Cotton Seed Oilcake 1547 0.06 12745 1.88 Maize– Feed/ Industrial grade 1200 0.84 Mustard seed 3517 -2.95 Soy Bean 3750 -31 Turmeric 6714 -0.06 Jeera BUY CASTORSEED FEB ABOVE 4380 TGTS 4410,4460 SL 4330 SELL CASTORSEED FEB BELOW 4315 TGTS 4285,4235 SL 4365 DHANIYA BUY DHANIYA FEB ABOVE 8190 TGTS 8220,8270 SL 8140 SELL DHANIYA FEB BELOW 8090 TGTS 8070,8020 SL 8140 YOUR MINTVISORY NCDEX ROUNDUP Selling continued in coriander futures due strong production estimates in major producing states along with limited export demand in local mandies. The NCDEX futures slumped by Rs 5 per quintal today. The market sources suggested that the total production of coriander crop is likely at 118 lakh bags against 98 lakh bags of the last year. This is mainly due to strong sowing acreage in major producing states like Gujarat, Madhya Pradesh and Rajasthan. The total production in Gujarat is likely to increase by 57%, while production in Rajasthan and Madhya Pradesh is likely to augment by 16.60 and 13.33% in the current year. The NCDEX April coriander futures declined by 0.06% today to close at Rs 8955 per quintal. The NCDEX futures added 2% in open interest indicating fresh short position by traders. India's National Commodity and Derivatives Exchange (NCDEX) has received approval from market regulator, Forward Markets Commission (FMC) to launch futures trading in Gold Hedge 100 gms. This comes close on the heels of NCDEX launching a 1 kg Gold Hedge contract on January 16th. Call us at +91-731-6642300
  6. 6. DAILY REPORT 21st JANUARY. 2013 CURRENCY RBI Reference Rate Currency Rate Currency Rupee- $ 61.6345 Yen-100 Euro 83.4245 GBP Rate 59.1900 101.2532 USD/INR CURRENCY ROUNDUP Indian rupee declined in the early trade on Monday. It has opened lower by 11 paise at 61.67 per dollar as against Friday's closing value of 61.55. Agam Gupta of Standard Chartered feels dollar-rupee will open higher at around 61.70 level mainly reflecting dollar strength overnight. He expects exporters to sell on upticks to 61.80 while the nationalised bank demand will support the pair at 61.50. "The flows are expected to be muted as US markets will remain shut today," he adds. Meanwhile, the US dollar started Monday near a two-month high, having enjoyed a solid comeback last week after a string of mostly upbeat data convinced markets the Federal Reserve will continue its gradual withdrawal of stimulus. BUY USD/INR ABOVE 61.82 TGTS 61.95, 62.09 SL 61.52. SELL USD/INR BELOW 61.47 TGTS 61.34, 61.18 SL 61.77. Foreign institutional investors have been heavy investors in local debt, being net buyers for seven successive sessions to Friday, taking the total purchases for the month to $2.8 billion. The purchases came after they reduced their holdings by $8.3 billion in 2013. Easing inflation and a stable rupee have led to expectations that Reserve Bank of India Governor Raghuram Rajan will keep rates steady when the central bank meets on Jan. 28 to decide monetary policy, helping improve investor confidence."The bond inflows have been one of the biggest factors supporting the rupee. Moreover, I expect equity-related inflows to pick up in the coming months due to FDI inflows and share buybacks lined up," said Subramanian Sharma, director at Greenback Forex. The central bank raised its key policy rate twice late last year to contain inflation, sparking concerns about declining economic growth. GBP/INR BUY GBP/INR ABOVE 101.61 TGTS 101.75, 101.90 SL 101.26. SELL GBP/INR BELOW 101.05 TGTS 100.92, 100.76 SL 101.40. YOUR MINTVISORY A pause in rate hikes will boost equities and attract more foreign funds, which will be supportive of the rupee. The partially convertible rupee closed at 61.62/63 per dollar compared with its Friday close of 61.54/55. The currency remained in a tight range of 61.5425-61.67 as the U.S. markets will remain closed on Monday for a national holiday. Call us at +91-731-6642300
  7. 7. DAILY REPORT 21st JANUARY. 2013 CALL REPORT PERFORMANCE UPDATES Date Commodity/ Currency Pairs Contract Strategy Entry Level Target Stop Loss Remark 20/01/14 MCX GOLD FEB. BUY 29350 29430-29530 29250 BOOKED PROFIT 20/01/14 MCX GOLD FEB. SELL 29150 29070-28970 29250 NOT EXECUTED 20/01/14 MCX SILVER MAR. BUY 45350 45600-45950 45000 NOT EXECUTED 20/01/14 MCX SILVER MAR. SELL 44800 44500-44200 45150 NOT EXECUTED 20/01/14 NCDEX CASTOR SEED FEB. BUY 4360 4390-4440 4310 NOT EXECUTED 20/01/14 NCDEX CASTOR SEED FEB. SELL 4270 4240-4190 4320 BOOKED PROFIT 20/01/14 NCDEX DHANIYA FEN. BUY 8090 8120-8170 8030 CALL OPEN 20/01/14 NCDEX DHANIYA FEB. SELL 8115 8085-8035 8165 CALL OPEN 20/01/14 GBP/INR JAN. BUY 101.43 101.58-101.76 101.08 NO PROFIT NO LOSS 20/01/14 GBP/INR JAN. SELL 100.56 100.39-100.21 100.91 NOT EXECIUED 20/01/14 JPY/INR JAN. BUY 59.12 59.26-59.40 58.82 BOOKED PROFIT 20/01/14 JPY/INR JAN. SELL 58.83 58.69-58.51 5913 NOT EXECUTED CASH/ FUTURE/ OPTION Strategy Date Scrip Entry Level Target Stop Loss Remark 20/01/14 NIFTY FUTURE SELL 6290 6240-6200 6350 CALL OPEN 20/01/14 AXIS BANK FUTURE SELL 1160 1130-1105 1170 SL TRIGGERED 20/01/14 BJAAJ AUTO FUTURE BUY 1950 1900-2040 1890 CALL OPEN 20/01/14 ALL CARGO LOGISTIC CASH BUY 138 144-148 132 NOT EXECUTED 17/01/14 GITANJALI CASH BUY 70 75-85 65 CALL OPEN 15/01/14 SKS MICRO CASH BUY 186 192-198 180 BOOKED FULL PRPFIT YOUR MINTVISORY Call us at +91-731-6642300
  8. 8. DAILY REPORT 21st JANUARY. 2013 ECONOMIC CALENDAR NEXT WEEK'S U.S. ECONOMIC REPORTS TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS MONDAY, JAN 20 MARTIN LUTHER KING JR. DAY NONE SCHEDULED TUESDAY, JAN 21 NONE SCHEDULED WEDNESDAY, JAN.22 NONE SCHEDULED THURSDAY, JAN. 23 8:30 AM WEEKLY JOBLESS CLAIMS 1/18 N/A N/A 9 AM MARKIT "FLASH" PMI JAN. -- 55.0 9 AM FHFA HOME PRICES NOV. -- 8.2% Y-O-Y 10 AM EXISTING HOME SALES DEC. 4.95 MLN 4.90 MLN 10 AM LEADING INDICATORS DEC. -- 0.8% FRIDAY, JAN. 24 NONE SCHEDULED 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