Special report by epic research 22 january 2014


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Special report by epic research 22 january 2014

  1. 1. DAILY REPORT 22st JANUARY. 2013 Global markets at a glance Asian share markets struggled for inspiration on Wednesday, hampered by expectations of further reductions in the U.S. Federal Reserve's stimulus and ahead of central bank meetings in Japan and Thailand. Japan's Nikkei was almost flat .N225, while MSCI's broadest index of AsiaPacific shares outside Japan .. Australian shares fell 0.8 percent.AXJO, extending losses after an unexpectedly large spike in inflation reduced the prospects of a rate cut, though the data also helped to lift the Australian currency 0.6 percent to $0.8855. In a mixed day on Wall Street the Standard & Poor's 500 Index .SPX rose 0.28 percent and the Nasdaq Composite Index . World Indices Company CMP Change % Chg Wall Street Update U.S. stocks mostly rose on Tuesday, with the S&P 500 snapping a two-session decline as the materials sector rallied, though the Dow fell on disappointing earnings by three of its components. Trading was volatile, with the S&P fluctuating between positive and negative territory throughout the session, while the Dow moved between modest and solid losses and the Nasdaq swung between modest and strong gains. Previous day Roundup ICICIBANK 1079.65 35.65 3.41 TATASTEEL 386.00 11.45 3.06 TATAMOTORS 384.25 9.35 2.49 48.45 1.10 2.32 1188.80 25.60 2.20 CMP Change % Chg 705.30 169.65 262.65 2285.25 479.50 -22.85 -4.25 -6.50 -52.95 -10.50 -3.14 -2.44 -2.41 -2.26 -2.14 Prev. Close Change %Chg 410.50 23.50 5.72 HCLTECH 1430.60 12.40 0.87 INFY 3749.30 8.70 0.23 DIVISLAB 1296.30 4.70 0.36 356.90 24.30 6.81 Prev. Close Change %Chg CMP Change % Chg 6313.80 21251.12 9.85 46.07 0.16 0.22 The market closed on a flat note but the Nifty managed to hold above 6300. The Nifty ended up 9.85 points at 6313.80 while the Sensex was up 46.07 points to close at 21251.12. About 1364 shares have advanced, 1240 shares declined, and 239 shares are unchanged. Banking and auto stocks supported the market with Bank Nifty gaining 1.5 percent. It stocks were under pressure in today's trade. Index stats The Market was very volatile in yesterday session where Bankex and Bank Nifty both closed almost flat (up 1.55% and UP 1.49% respectively). Among the sartorial indices almost the sectors which were down are; Healthcare [down-10.66 pts], IT[down-66.18 pts], TECK [down– 33.41pts]. FMCG [down-12.02 pts] PSU [down-10.85 pts], Oil & Gas [down-46.24 pts], Power [down –52.85pts], and the index advanced were Consumer Durables [up 29.77pts], Capital Goods [UP 61.99 pts], AUTO [up 125.28 pts], Metals [UP 74.19 pts], Realty [up171.95 pts], Index Value % Change 16414.44 -0.27 S&P 500 1843.80 +0.28 NASDAQ EURO STO FTSE 100 4225.76 3153.08 6834.26 +0.67 -0.00 -0.04 Nikkei 225 Hong Kong 15801.14 23056.10 +0.03 +0.10 DJl Top Gainers JPASSOCIAT AXISBANK Top Losers Company KOTAKBANK BHEL COALINDIA TCS ASIANPAINT Stocks at 52 Week’s high Symbol AUROPHARMA INFOTECENT Stocks at 52 Week’s Low Symbol -- Indian Indices Company NIFTY SENSEX YOUR MINTVISORY Call us at +91-731-6642300
  2. 2. DAILY REPORT 22st JANUARY. 2013 EQUITY CASH & FUTURE STOCK RECOMMENDATIONS [FUTURE] 1. BIOCON FUTURE STOCK RECOMMENDATION [CASH] 1. VAIBHAV GLOBAL BIOCON FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 480 levels. We advise buying around 480 levels with strict stop loss 474 for the targets of 486-494 levels. 2. TATA MOTOR FUTURE VAIBHAV GLOBAL is looking strong on charts. We advice buying above 740 levels with strict stop loss of 710 for the targets of 770-790 levels. MACRO NEWS  India is likely to clock an economic growth rate of 4.6 percent this financial year and the expansion may improve to 5.4 percent in 2014-15, the International Monetary Fund said  specified Undertaking of UTI (SUUTI) has appointed three merchant bankers for sale of its stake in Axis Bank . The three merchant bankers selected for the stake sale are JP Morgan, Citigroup Global Markets and JM Financial Consultants,  TRAI Chairman Rahul Khullar yesterday held discussions with heads of telecom companies on spectrum trading and said the regulator is likely to release detailed recommendations on the matter before inter-ministerial panel meeting on January 25. TATA MOTOR FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 382 levels. We advise buying around 382-384 levels with strict stop loss 378 for the targets of 389-394 levels. YOUR MINTVISORY  :Monetary policymaking in India will move closer to the model followed by the USFederal Reserve and the Bank of England if recommendations of a panel headed by Urjit Patel, a deputy governor of the RBI, Call us at +91-731-6642300
  3. 3. DAILY REPORT FUTURE & OPTION 22st JANUARY. 2013 STOCKS IN NEWS  Sasken Communication will pay special dividend of Rs 25/s  Bank of America Merrill Lynch reiterates buy rating on Aurobindo Pharma and raises target price to Rs 525  Asian Paints' Q3 consolidated net profit fell to Rs 329.3 crore versus Rs 335.2 crore (YoY) NIFTY FUTURE MOST ACTIVE PUT OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY PE 6,300 40.5 3,57,151 54,37,600 NIFTY PE 6,200 15.15 2,94,137 66,17,450 BANKNIFTY PE 11,000 72.75 23,934 2,45,225 BANKNIFTY PE 10,800 31 15,402 1,68,525 TCS PE 2,300 37.5 6,216 2,52,000 TCS PE 2,250 15.7 4,898 4,40,500 INFY PE 3,700 18.35 4,575 7,44,500 PE SBIN 1,650 MOST ACTIVE CALL OPTION 23 4,505 3,30,625 Symbol Traded Volume (Contracts) Option Type Strike Price LTP NIFTY CE 6,400 23.4 3,67,701 47,40,750 NIFTY CE 6,300 67.9 3,25,308 48,02,650 BANKNIFTY CE 11,200 148.2 29,177 2,73,275 BANKNIFTY CE 11,500 51.9 28,843 4,01,675 SBIN CE 1,700 16.4 9,930 7,43,000 TCS CE 2,350 14 5,812 TCS CE 2,300 29.1 5,737 SBIN CE 1,650 36 5,617 TCS CE 2,200 58.60 1,357 FII DERIVATIVES STATISTICS BUY Open Interest Nifty Future closed in the green in the last trading ses3,69,250 sion. We advise buying around 6290-6300 levels with 2,83,250 strict stop loss of 6270 for the targets of 6340-6370 lev7,07,500 els. 1,70,000 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 58587 1814.63 61820 1915.78 452884 14141.69 -101.15 INDEX OPTIONS 391476 12065.71 406282 12508.91 1280862 40064.95 -443.20 STOCK FUTURES 69802 2259.78 63674 2029.28 1070597 33801.76 230.50 STOCK OPTIONS 52687 1614.55 55254 1686.61 99756 3263.33 -72.06 TOTAL -385.91 INDICES NIFTY S2 S1 PIVOT R1 R2 6220.81 6262.38 6284.91 6326.48 6349.01 NIFTYJUNIOR 12270.84 12371.05 12426.25 12526.45 12581.65 BANK NIFTY 10822.53 10915.01 10968.73 11061.21 11114.93 YOUR MINTVISORY Call us at +91-731-6642300
  4. 4. DAILY REPORT 22st JANUARY. 2013 COMMODITY MCX RECOMMENDATIONS SILVER COMMODITY ROUNDUP MCX Copper futures continue to witness a very thin movement. The global price action remains dull after the Chinese data yesterday. The copper futures have been moving in a very tight range this week on COMEX after the metal edged up from its three week low last week. The COMEX Copper futures are quoting at $3.3325, down 0.36% on the day. MCX Copper is quoting at Rs 455.40, down Rs 1.05 per kg or 0.23% on the day. Data out yesterday showed that China's GDP rose 7.7% in the fourth quarter from a year ago, slower than the 7.8% it posted in the third quarter, according to data released Monday by China's National Bureau of Statistics. For the year it also posted 7.7% growth, matching 2012 TRADING STRATEGY: BUY SILVER ABOVE 44700 TGTS 44900/45200 SL 44350 SELL SILVER BELOW 44350 TGTS 44150/43850 SL 44700 GOLD TRADING STRATEGY: BUY GOLD ABOVE 29300 TGTS 29380/29480 SL 29290 SELL GOLD BELOW 29190 TGTS 29110/29010 SL 29300 YOUR MINTVISORY MCX Gold futures came off their highs in intraday trades as the global prices corrected from recent six week highs on ideas that the US the Fed is on track to trim its bond-buying program and a further reduction could as soon as the central bank's meeting around this month-end. The US dollar strengthened and hovered around its seven week high and COMEX Gold broke under $1250 per ounce. The metal quotes at $1244.10, down $7.80 per ounce on the day. MCX Gold futures also eased from intraday highs near Rs 29300 per 10 grams and currently quote at Rs 29260, down Rs 28 per 10 grams on the day. LME Copper remained in a same gloomy self, even after reports from China showing a sharp rise in imports in the month of December 2013. The prices of LME remained trading down on the back of Chinese economy growth slowing to 7.7% in the fourth quarter, slower than the 7.8% recorded in the third quarter. Industrial production growth slowed in December to 9.7%, the second straight monthly drop The growth in new manufacturing orders in UK was the strongest since April 2011, according to the latest CBI quarterly Industrial Trends Survey. The business organization said during the three months to January 2014, domestic orders rose, uncertainty about demand fell and investment intentions for the year ahead picked up. Call us at +91-731-6642300
  5. 5. DAILY REPORT 22st JANUARY. 2013 NCDEX RECOMMENDATIONS CASTORSEED NCDEX INDICES Index Value % Change Castor Seed 4335 0.00 Chana 3047 -0.59 Coriander 8436 3.99 Cotton Seed Oilcake 1571 0.00 12750 -0.06 Maize– Feed/ Industrial grade 1216 -0.08 Mustard seed 3415 -0.12 Soy Bean 3754 0.16 Turmeric 6760 0.42 Jeera BUY CASTORSEED FEB ABOVE 4385 TGTS 4415,4465 SL 4335 SELL CASTORSEED FEB BELOW 4315 TGTS 4285,4235 SL 4365 NCDEX ROUNDUP Rubber futures at Tokyo Commodity Exchange (TOCOM) has fallen to a five-month low as China demand is expected to weaken on slower GDP growth while Indian prices have fallen sharply by 7.5% in January till date to a low of Rs 15000 per 100 kg on global cues, weak automobile sales growth and higher inventory of rubber on increased imports. At TOCOM, June delivery contract has fallen to 252.1 Yuan per kg ($2,413 per metric ton) and trading in 251.8-254.6 range. Rubber market has been impacted by China manufacturing and GDP growth data which points a negative picture regarding demand from automotive industry. nnual car sales in India declined for the first time in 11 years in 2013, posting a 9.59 percent fall, Futures for May delivery on the Shanghai Futures Exchange lost 1.4 percent to 16,660 yuan ($2,753) a ton. Stockpiles monitored by the bourse increased 5.6 percent to 200,815 tons, the largest since October 2004, exchange data showed on Jan. 17. It was the seventh straight week of gain. DHANIYA BUY DHANIYA FEB ABOVE 8485 TGTS 8515,8565 SL 8435 SELL DHANIYA FEB BELOW 8345 TGTS 8315,8265 SL 8395 YOUR MINTVISORY Stockiest liquidation continued in guarseed futures on the heels of higher production estimates in the current year along with strong arrivals in major mandies. The NCDEX futures declined by 1.50% . Call us at +91-731-6642300
  6. 6. DAILY REPORT 22st JANUARY. 2013 CURRENCY RBI Reference Rate Currency Rate Currency Rupee- $ 61.5355 Yen-100 Euro 83.3750 GBP EUR/INR BUY EUR/INR ABOVE 83.98 TGTS 84.13,84.28 SL 83.63. SELL EUR/INR BELOW 83.48 TGTS 83.34,83.20 SL 83.83. JPY/INR BUY JPY/INR ABOVE 59.25 TGTS 59.38,59.52 SL 58.95. SELL JPY/INR BELOW 58.83 TGTS 58.70,58.56SL 59.13. YOUR MINTVISORY Rate 58.8700 101.0844 CURRENCY ROUNDUP Indian rupee started off Tuesday's trade with marginal gains of 9 paise at 61.53 per dollar as against previous day's closing value of 61.62 per dollar. the dollar-rupee pair has been moving in a very narrow range. "The market has witnessed oil and other demand getting offset by good FII flows, and consistent intervention by RBI during times of volatility the dollar index is little changed above 81.11, having drifted off a two-month high of 81.296 yesterday in subdued trading due in part to the US holiday. Against the yen, the greenback edged up to 104.16 from 103.865. The dollar strengthened on Tuesday in tandem with U.S. Treasury yields, which rose on speculation the Federal Reserve would soon reduce its bond-buying stimulus further. The euro fell to a low against the dollar of $1.3525 after Germany's ZEW economic sentiment indicator for January came in below forecasts. It was last trading at $1.3530, still down on the day. Traders sold into rallies on expectations the European Central Bank will keep policy accommodative and may even cut rates if money markets tighten. "The focus is more on the ECB's liquidity operations, and unless that is addressed, we expect the euro/dollar to remain a pain trade, staying in a range," . While the euro rose against the yen, it was the U.S. dollar's advance that was grabbing attention. The dollar was up 0.5 percent at 104.72 yen, bringing it closer to possible resistance near 104.92 yen, an intraday high hit on Jan. 16. The dollar/yen pair has a robust correlation with rate-sensitive U.S. two-year yields. the Fed may announce a further reduction to its monthly bond purchases at its Jan. 28-29 policy meeting, to $65 billion from the current $75 billion. The New Zealand dollar gave up gains made in Asia after inflation data strengthened the case for higher interest rates at home. Some traders said investors have been too aggressive in pricing in rate hikes in New Zealand, leading to a correction in the currency. Call us at +91-731-6642300
  7. 7. DAILY REPORT 22st JANUARY. 2013 CALL REPORT PERFORMANCE UPDATES Date Commodity/ Currency Pairs Contract Strategy Entry Level Target Stop Loss Remark 21/01/14 MCX GOLD FEB. BUY 29350 29430-29530 29250 NOT EXECUTED 21/01/14 MCX GOLD FEB. SELL 29250 29170-29070 29350 BOOKED FULL PROFIT 21/01/14 MCX SILVER MAR. BUY 45300 45500-45800 44950 NOT EXECUTED 21/01/14 MCX SILVER MAR. SELL 44950 44750-44450 45300 NOT EXECUTED 21/01/14 NCDEX CASTOR SEED FEB. BUY 4380 4410-4460 4330 SL TRIGGERED 21/01/14 NCDEX CASTOR SEED FEB. SELL 4315 4285-4235 4365 NOT EXECUTED 21/01/14 NCDEX DHANIYA FEB. BUY 8190 8220-8270 8140 BOOKED FULL PROFIT 21/01/14 NCDEX DHANIYA FEB. BUY 8090 8070-8020 8140 NOT EXECUTED 21/01/14 USD/INR JAN. SELL 61.82 61.95-62.09 61.52 BOOKED FULL PROFIT 21/01/14 USD/INR JAN. BUY 61.47 61.34-61.18 61.77 NOT EXECUTED 21/01/14 GBP/INR JAN. BUY 101.61 101.75-101.90 101.26 BOOKED FULL PROFIT 21/01/14 GBP/INR JAN. SELL 101.05 100.92-100.76 101.46 SL TRIGGERED CASH/ FUTURE/ OPTION Strategy Entry Level Date Scrip Target Stop Loss Remark 21/01/14 NIFTY FUTURE BUY 6290 6340-6370 6270 NOT EXECUTED 21/01/14 ITC FUTURE BUY 332 337-339 327 CALL OPEN 21/01/14 RCOM FUTURE BUY 130 134-135 127 BOOKED FULL PROFIT 21/01/14 RELIANCE MEDIAWORK CASH BUY 55 59-62 51 CALL OPEN 20/01/14 NIFTY FUTURE SELL 6290 6240-6200 6350 CALL OPEN 20/01/14 BJAAJ AUTO FUTURE BUY 1950 1900-2040 1890 CALL OPEN 17/01/14 GITANJALI CASH BUY 70 75-85 65 CALL OPEN YOUR MINTVISORY Call us at +91-731-6642300
  8. 8. DAILY REPORT 22st 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