Special report by epic research 22 november 2013


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Special report by epic research 22 november 2013

  1. 1. DAILY REPORT 22nd NOVEMBER. 2013 Global markets at a glance European shares fell on Thursday, led by financials, after the Federal Reserve signaled it may start withdrawing its monetary stimulus in the next few months. Weak data from China aggravated the decline. The FTSEurofirst 300 was down or 0.6%, at 1289.31, by 0824 GMT, echoing Wall Street, which reversed course after the Fed minutes. Asian shares were mixed Thursday with the Nikkei settling sharply up as the Bank of Japan kept policy steady in its latest review, while China and Hong Kong fell after HSBC China flash manufacturing purchasing managers data for November came in weaker than expected. World Indices Index Value % Change 16,009.99 +0.69 S&P 500 1,795.85 +0.81 NASDAQ EURO STO FTSE 100 3,969.16 3,044.34 6,681.33 +1.22 -0.10 0.00 Nikkei 225 Hong Kong 15,530.20 23,728.82 +1.07 +0.63 DJl Top Gainers Wall Street Update The Dow industrials closed above 16,000 for the first time on Thursday as stocks rebounded from three days of weakness, after economic data pointed to a slowly improving labor market and subdued inflation. The Dow Jones industrial average. DJI shot up 109.17 pts, or 0.69%, to close at a record 16,009.99. The SPX gained 14.48 pts, or 0.81%, to finish at 1,795.85. The Nasdaq Composite Indexclimbed 47.89 points, or 1.22 percent, to end at 3,969.16. Company CMP Change % Chg 1,025.00 89.85 -3.74 INDUSINDBK 40500 15.15 -3.61 SSLT 180.10 6.65 -3.56 PNB 519.10 18.80 -3.50 AMBUJACEM 171..00 6.10 -3.44 CMP Change % Chg 1,655.50 319.55 5.65 0.95 +0.34 +0.30 Prev. Close Change %Chg AJANTAPHARM 988.20 2.90 -0.29 AMARAJABAT 336.45 5.65 +1.71 CEATLTD 262.30 4.10 +1.59 1,605.00 68.55 +4.46 246.00 1.35 +0.55 Prev. Close Change %Chg 179.90 104.15 2.00 1.95 -1.10 -1.84 CMP Change % Chg 5,999.05 20,229.05 -123.85 -406.08 -2.02 -1.97 ACC Top Losers Previous day Roundup The BSE Sensex and the Nifty fall over 1.5% as worried foreign investors reduce their pace of purchases, raising concerns that momentum will continue to wane after the benchmark hit a record high on November 3. Foreign institutional investors (FIIs) bought shares worth 800 million rupees ($12.8 million) on Wednesday compared with more than 10 billion rupees each on Monday and Tuesday. The Sensex ended down 406.08 points or 1.97% at 20229. The Nifty closed at 5999.05, down 123.85 points or 2.02%. About 923 shares have advanced, 1536 shares declined, and 133 shares are unchanged. Index stats The Bankex and Bank Nifty both declined 2.49% & 2.37% respectively. All the sectors declined Capital Goods [down 217.78pts], Oil & Gas [down 144.25pts], Realty [down 30.88pts], TECK [down 79.90pts], IT [down 135.15pts], FMCG [down 122.13pts], AUTO [down 150.57pts], PSU [down 32.95pts], Consumer Durables [down 78.32pts], Power [down 33.06pts], and Healthcare [down 121.39pts], Metals [down 166.62pts]. Company MARUTI CAIRN Stocks at 52 Week’s high Symbol ICRA THINKSOFT Stocks at 52 Week’s Low Symbol GODREJPROP SPECIALITY Indian Indices Company NIFTY SENSEX YOUR MINTVISORY Call us at +91-731-6642300
  2. 2. DAILY REPORT 22nd NOVEMBER. 2013 EQUITY CASH & FUTURE STOCK RECOMMENDATIONS [FUTURE] 1. LIC HOUSING STOCK RECOMMENDATION [CASH] 1. ZUARI LTD. LIC HOUSING FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it continues to sustain below 208, We advise selling below 208 levels with strict stop loss of 211 for the targets of 205-203 levels. ZUARI LTD is looking strong on charts. We advise buying above 124 levels with strict stop loss of 121 for the targets of 127-130 levels. 2. BANK OF INDIA MACRO NEWS  COAI has asked the Department of Telecom (DoT) not to give "exclusive" number series to Reliance Jio Infocomm and allocate only 10 lakh numbers in each circle as per the guidelines.  Sistema Shyam Tele Services Ltd stuck to its target of making operating profits by end of 2014 while reporting improved operating parameters in the 3rd quarter.  Banks borrowed Rs 14,615 crore under MSF on November 20.  India's budget remains under pressure as the fiscal deficit in the first six months of FY14 stood at 76 per cent of the full-year target.  The Reserve Bank of India is likely to have stepped in to prop up the rupee by selling dollars via state-run banks BANK OF INDIA FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it continues to sustain below 210, We advise selling below 210 levels with strict stop loss of 216 for the targets of 204 -200 levels. CORPORATE ACTION TODAY YOUR MINTVISORY SCRIP GUJRATGAS RELAXO ACTION Rs. Per Share DIVIDEND Face Value Split 9.00 From Rs.5/- To Re.1/- Call us at +91-731-6642300
  3. 3. DAILY REPORT FUTURE & OPTION 22nd NOVEMBER. 2013 MOST ACTIVE PUT OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY PE 6,000 45.20 8,18,395 58,54,200 NIFTY PE 5,900 16.55 5,12,904 48,87,200 NIFTY PE 6,100 97.95 4,92,024 35,50,350 BANK NIFTY PE 10,500 75.00 32,939 2,40,025 SBIN PE 1,750 23.00 10,361 1,96,250 INFY PE 3,300 25.05 2,304 62,500 RELIANCE PE 860 16.85 2,172 4,69,500 AXISBANK PE 1,100 26.70 3,714 2,55,250 Strike Price LTP Traded Volume (Contracts) STOCKS IN NEWS  Essar ship with China-bound iron ore arrested in Singapore.  Cipla's subsidiary Meditab Holdings Limited buys stake in Quality Chemical for $15 million.  M&M diversifies into branded fruit Business.  Results Today: Siemens  Cairn India to mull share buyback on Nov 26.  Torrent in talks to buy Elder pharma business for Rs 2000 crore: NIFTY FUTURE Open Interest MOST ACTIVE CALL OPTION Symbol Option Type NIFTY CE 6,100 30.20 7,59,704 56,49850 NIFTY CE 6,200 10.15 5,81,821 61,84,900 NIFTY CE 6,300 3.10 3,44,616 61,07,150 BANKNIFTY CE 11,000 84.00 43,758 3,01,075 SBIN CE 1,800 19.80 13,438 5,76,375 RELIANCE CE 880 3.35 4,144 6,78,250 HDFC CE 860 0.90 4,370 21,03,000 AXISBANK CE 1,100 22.50 3,913 3,24,000 INFY CE 3,400 21.00 3,392 1,94,500 Nifty Future closed in the red in the last trading session. We advise selling around 6050-6060 with strict stop loss of 6100 for the targets of 6000-5950 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 90348 2704.49 129582 3893.51 491323 14626.46 -1189.02 INDEX OPTIONS 917367 27422.04 893078 26759.62 1789946 53478.69 662.42 STOCK FUTURES 83649 2253.49 93490 2519.59 1112572 29578.57 -266.10 STOCK OPTIONS 57426 1575.02 60054 1628.17 75999 2044.57 -53.15 TOTAL -845.84 INDICES NIFTY S2 S1 PIVOT R1 R2 5915.31 5957.18 6027.26 6069.13 6139.21 NIFTYJUNIOR 11796.36 11877.63 12012.81 12094.08 12229.26 BANK NIFTY 10535.23 10621.06 10743.68 10829.51 10952.13 YOUR MINTVISORY Call us at +91-731-6642300
  4. 4. DAILY REPORT 22nd NOVEMBER. 2013 COMMODITY MCX RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER ABOVE 45500 TGTS 45700/46000 SL 45150 SELL SILVER BELOW 44800 TGTS 44600/44300 SL 45150 GOLD COMMODITY ROUNDUP Gold plummeted to six weeks low level on Thursday, triggered by stronger dollar against the euro on weak Euro zone data amid Fed's tapering concern. The COMEX gold futures for December delivery trades at $1,247.60 a troy ounce, down $10.40 and the Silver December quotes at $19.947 a troy ounce, down 0.111 from last close. Local Gold futures recovered from the early losses on weak Indian currency against the greenback. The Indian value depreciated for the third day with the currency quotes at Rs 62.89, 0.52% value depreciated in a day over last close. MCX Gold December contract quotes at Rs 30,136, up Rs 66 per 10 grams from last close. The Silver futures for the December delivery quotes at Rs 44,995, down Rs 4 per 1 kg from last close. India crude oil, copper and gold futures recorded a slight up -tick on Thursday due to weakness in Indian currency and short covering. However, weak international cues have succeeded to put pressure on the commodities to certain extent. In the global market, copper, crude oil and gold futures remained weak and was seen trading down after Federal Reserve's October meeting minutes released on Thursday signalled that US Central Bank may start tapering its monetary stimulus soon. Domestic silver futures plunged below Rs 45000 per kg in the electronic trades today as the U.S. dollar marched further uphill after the release of Federal Reserve meeting minutes that showed the central bank considering an imminent slowing of its bond-buying program. Increasing popularity of silver in chemical, electrical and textile industry and industrial uses in general were highlighted at the 2013 Silver Industrial Conference TRADING STRATEGY: BUY GOLD ABOVE 30500 TGTS 30600/30750 SL 30350 SELL GOLD BELOW 30150 TGTS 30050/29950 SL 30330 YOUR MINTVISORY Copper futures inched higher on Thursday, as investors looked ahead to key U.S. economic data due later in the session to gauge the strength of the economy and the need for further stimulus. On the Comex division of the New York Mercantile Exchange, copper futures for December delivery traded at USD3.170 a pound during European morning trade, up 0.35%. Comex copper prices traded in a range between USD3.143 a pound, the daily low and a session high of USD3.171 a pound. The December contract settled 0.06% higher on Wednesday to end at USD3.159 a pound. Call us at +91-731-6642300
  5. 5. DAILY REPORT 22nd NOVEMBER. 2013 NCDEX RECOMMENDATIONS CASTORSEED NCDEX INDICES Index Value % Change Barley 1378.5 +0.07 Castor Seed 4233 -0.77 Chana 3106 -0.96 Chilli 7474 -0.35 Coriander 7257 -0.90 Cotton Seed Oilcake 1433 -0.97 12710 -0.51 3822 +1.03 729.65 +2.38 5098 -3.23 Jeera Mustard seed Ref Soya Oil Turmeric BUY CASTORSEED ABOV 4255 TGT 4285/4325 SL 4205 SELL CASTORSEED BELOW 4215 TGT 4285/4235 SL 4255 DHANIYA NCDEX ROUNDUP The potential for wheat has been decimated in the north of the country. The lack of rainfall during Sep and, critically, Oct had particularly affected central and northern crops. Earlier in the month, the United Nations lowered its forecast further, even as it raised hopes for world cereals supplies. The UN's food agency, the Food and Agriculture Organization - which in October lowered its estimate for the Argentine wheat harvest to 9.5m tonnes, downgraded the figure again, to just 8.8m tonnes. Chana prices rose by Rs 17 to Rs 3,249 per quintal in futures trade yesterday as speculators created fresh positions, supported by pick up in demand in the spot market. At NCDEX chana for delivery in far-month January rose by Rs 17, or 0.53% to Rs 3,249 per quintal with an open interest of 47,920 lots. BUY DHANIYA ABOVE 7315 TGT 7345/7385 SL 7275 SELL DHANIYA BELOW 7230 TGT 7200/7160 SL 7280 YOUR MINTVISORY Refined soya oil prices moved up by 1.15% to Rs 722.80 per 10 kg in futures trading yesterday as speculators enlarged their positions driven by strong demand in the spot market. At NCDEX, refined soya for delivery in January moved up by Rs 8.25, or 1.15% to Rs 722.80 per 10 kg with an open interest of 94,250 lots. Call us at +91-731-6642300
  6. 6. DAILY REPORT 22nd NOVEMBER. 2013 CURRENCY RBI Reference Rate Currency Rate Currency Rupee- $ 62.8895 Yen-100 Euro 84.4180 GBP USD/INR USD/INR has closed @63.0025. If it sustains 63.18, it can touch the level of 63.30 & 63.47. If it breaks 62.55 it can touch the level of 62.29 & 62.07. GBP/INR Rate 62.4500 101.1389 CURRENCY ROUNDUP After the recent measures adopted by RBI, the country's current account deficit is expected to decline, Fitch said in a report on Thursday; but further it added that any fall might not be enough to shield India from further pressures related to the eventual start of Fed tapering. The CAD for the first quarter of the current financial year was at $21.8 billion, or 4.9 per cent of the gross domestic product, driven by sluggish exports and high gold imports in April and May. The global rating agency, forecasts the current account deficit to decline to 3.1% of GDP in FY14 vs 4.8% in FY13, following measures to curb gold imports, a weaker exchange rate and softer domestic demand. The euro was slightly lower against the dollar on Thursday after mixed euro zone private sector data indicated that the economic recovery in the region is faltering. The Euro quotes at $1.3430, down 0.07% and the dollar index quotes at 81.20, up 0.14%. Data released on Thursday showed that manufacturing activity in the euro zone expanded in line with forecasts in November, but service sector activity declined unexpectedly. Germany's manufacturing PMI rose to a 29 month high of 52.5 in November, from 51.7 in October, while the services sector PMI rose to a nine-month high of 54.5 from 52.9. November flash manufacturing purchasing manager's index for China clocked in at 50.4, below a forecast of 50.8, and easing from 50.9 for the final in October, according to a release. The ICE dollar index, a measure of the U.S. currency against six others, rose to 81.600 from 81.001 late Wednesday in North America. The euro edged lower to $1.3423, down from late Wednesday’s $1.3440. GBP/INR has closed @101.4875. If it sustains above 101.65, it can touch the level of 101.83 & 102.10. If it breaks 100.98 it can touch the level of 100.78 & 100.56. YOUR MINTVISORY The minutes from October’s Federal Open Market Committee (FOMC) meeting suggested the Fed could taper its bond purchases sooner than some market participants had thought which sent the yields on long-dated Treasury rising to their highest level since September. Call us at +91-731-6642300
  7. 7. DAILY REPORT 22nd NOVEMBER. 2013 CALL REPORT PERFORMANCE UPDATES Date Commodity/ Currency Pairs Contract Strategy Entry Level Target Stop Loss Remark 21/11/13 MCX GOLD DEC BUY 30500 30600-30800 30350 NOT EXECUTED 21/11/13 MCX GOLD DEC. SELL 29970 29870-29700 30100 SL TRIGGERED 21/11/13 MCX SILVER DEC SELL 44700 44300-44000 45200 SL TRIGGERED 21/11/13 NCDEX CASTOR SEED JAN. SELL 4255 4225-4280 4295 BOOKED PROFIT 21/11/13 NCDEX CASTOR SEED JAN. BUY 4320 4360-4400 4280 NOT EXECUTED 21/11/13 NCDEX DHANIYA DEC. BUY 7370 7400-7440 7320 NOT EXECUTED 21/11/13 NCDEX DHANIYA DEC. SELL 7280 7250-7210 7330 BOOKED PROFIT 21/11/13 JPY/INR NOV. SELL 62.15 61.99-61.78 NOT EXECUTED 21/11/13 JPY/INR NOV. BUY 62.82 62.9963.17 NOT EXECUTED 21/11/13 GBP/INR NOV. BUY 101.40 101.63-101.83 BOOKED PROFIT 21/11/13 GBP/INR NOV. SELL 100.25 100.05-99.89 NOT EXECUTED 20/11/13 MCX CRUDE DEC BUY 5900 5940-6000 5840 BOOKED PROFIT 20/11/13 MCX CRUDE DEC SELL 5840 5800-5740 5920 NOT EXECUTED 20/11/13 MCX GOLD DEC BUY 30500 30600-30700 30400 NOT EXECUTED 20/11/13 MCX GOLD DEC. SELL 30150 30050-29950 30250 BOOKED POFIT CASH/ FUTURE/ OPTION Strategy Date Scrip Entry Level Target Stop Loss Remark 21/11/13 NIFTY FUTURE SELL 6180-6200 6150-6100 6235 NOT EXECUTED 21/11/13 ICICIBANK FUTURE SELL 1060-1050 1035-1020 1080 BOOKED PROFIT 21/11/13 COALINDIA FUTURE BUY 275 279-282 270 SL TRIGGERED 21/11/13 WYETH LTD. CASH BUY 780 805-830 755 BOOKED FULL PROFIT 18/11/13 HDFC BANK FUTURE BUY 822 840-860 800 SL TRIGGERED US ECONOMIC REPORT TIME (ET) REPORT PERIOD ACTUAL CONSENSUSFORECAST PREVIOUS FRIDAY, NOV. 22 10 AM JOB OPENINGS SEPT. 3.9 mln 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