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Special report by epic research 28 november 2013


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Special report by epic research 28 november 2013

  1. 1. DAILY REPORT 28th NOVEMBER. 2013 Global markets at a glance The Dow Jones industrial average DJI rose 24.53 points or 0.15 percent, to end at 16,097.33, a record closing high. The S&P 500 .SPX gained 4.48 points or 0.25 percent, to finish at 1,807.23, a record closing high. The Nasdaq Composite .IXIC added 27.001 points or 0.67 percent, to close at 4,044.75. Japanese stocks charged towards a 5-1/2 year peak on Thursday after the yen fell sharply on the back of relatively positive U.S. economic data, while other regional share markets edged modestly higher. As the yen tumbled, Tokyo's Nikkei benchmark. N225 climbed 1.3 to 15,646.94, closing in on a 5-1/2 year peak of 15,942.60 reached in May.MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS added 0.2 percent, though it faced resistance at its 50-day moving average. World Indices Index Value % Change 16,097.33 +0.15 S&P 500 1,807.23 +0.25 NASDAQ EURO STO FTSE 100 4,044.75 3082.65 6,649.47 +0.67 +0.65 +0.20 Nikkei 225 Hong Kong 15,631.35 23,952.82 +1.18 +0.62 DJl Top Gainers Previous day Roundup The benchmark Sensex yesterday ended flat with a marginal 4.76-point drop as caution prevailed ahead of the expiry of November derivatives contracts today and GDP and fiscal deficit data due on Friday. The Nifty pared intraday losses and moved in the positive terrain led by gains in FMCG, auto and oil & gas sectors and then volatile trading session went on a flat note. The Sensex ends down 4.76 points at 20420.26, and the Nifty closes at 6057, down 2.00 points. About 1120 shares advanced, 1329 shares declined, and 156 shares are unchanged. CMP Change % Chg TATAMOTORS 399.25 9.00 +2.31 BPCL 331.00 6.15 +1.89 GRASIM 2,580.05 37.70 +1.48 ULTRACEMCO Wall Street Update The Dow and the S&P 500 closed at record highs on Wednesday, led by Hewlett-Packard's jump a day after the personal computer maker's earnings, while the Nasdaq finished at a 13-year high. Company 1,874.90 21.40 +1.15 AXISBANK 1,127.90 11.80 +1.06 CMP Change % Chg 46.05 92.20 322.00 147.35 146.65 1.45 2.05 5.05 2.15 2.10 -3.05 -2.18 -1.54 -1.44 -1.41 Prev. Close Change %Chg 288.35 3.35 -1.15 1,077.00 15.35 +1.45 BIOCON 386.10 13.90 +3.73 DICIND 353.10 14.20 +4.19 4,490.00 164.90 +3.81 Prev. Close Change %Chg 56.55 56.00 0.40 2.55 0.71 -4.36 CMP Change % Chg 6,057.10 20,420.26 -2.00 -4.76 -0.03 -0.02 Top Losers Company JPASSOCIAT POWERGRID BHARTIARTL DLF NTPC Stocks at 52 Week’s high Symbol AUROPHARMA BATAINDIA EICHERMOT Index stats The Bankex and Bank Nifty both declined 0.09% respectively. Among the sartorial indices most of the sectors were up; Capital Goods [up 20.32pts], Oil & Gas [up 8.07pts], FMCG [up 66.50pts], AUTO [up 118.13pts], PSU [up 1.15pts], Consumer Durables [up 76.62pts], Metals [up 34.52pts], the index slipped were; Realty [down 10.21pts], TECK [down 30.43pts], IT [down 54.85pts], Power [down 14.13pts], and Healthcare [down 45.61pts]. Stocks at 52 Week’s Low Symbol ESSARPORTS FLFL Indian Indices Company NIFTY SENSEX YOUR MINTVISORY Call us at +91-731-6642300
  2. 2. DAILY REPORT 28th NOVEMBER. 2013 EQUITY CASH & FUTURE STOCK RECOMMENDATIONS [FUTURE] 1. UPL LTD. STOCK RECOMMENDATION [CASH] 1. CEAT LTD UPL LTD FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 170, We advise buying above 170 levels with strict stop loss of 165 for the targets of 175-180 levels. CEAT LTD is looking strong on charts. We advise buying above 281 levels with strict stop loss of 275 for the targets of 287-292 levels. 2. VOLTAS MACRO NEWS  Premiere stock exchange BSE will launch its platform for trading in currency and Interest Rate derivatives from Friday 29 November 2013., making it the fourth bourse in the country to offer such trades. The currency futures trading would be commenced on the contracts on US Dollar-Indian Rupee, Euro- Indian Rupee, British PoundIndian Rupee and Japanese Yen- Indian Rupee. Currency Options trading shall be commenced on the contracts on US Dollar-Indian Rupee,  Wockhardt Ltd delays in new launch approvals after a second plant operated by the generic drug-maker was hit by the U.S. Food and Drug Administration's "import alert", effectively a ban.  U.S. Weekly jobless claims for unemployment benefits unexpectedly fell in the latest week, a sign of steady improvement in the labor market. Analysts were expecting an increase in claims.  Espirito Santo, Dabur's Burmans plan to launch PE fund  ICICI Venture may sell its 67% in Medica Synergie to Quadria Capital for 160 crore VOLTAS FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 100, We advise buying above 100 levels with strict stop loss of 97 for the targets of 103-105 levels. YOUR MINTVISORY Call us at +91-731-6642300
  3. 3. DAILY REPORT 28th FUTURE & OPTION NOVEMBER. 2013 MOST ACTIVE PUT OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY PE 6,000 4.10 7,66,424 68,40,900 NIFTY PE 6,100 35.55 5,81,322 32,95,500 NIFTY PE 6,050 12.05 2,63,350 21,67,550 BANK NIFTY PE 10,800 27.00 40,584 2,00,250 MCDOWELL-N PE 2,600 10.55 9,879 2,65,625 SBIN PE 1,750 6.55 9,829 5,08,625 RELIANCE PE 840 5.00 3,550 3,51,750 TATAMOTORS PE 390 0.55 3,341 10,25,000 Strike Price LTP Traded Volume (Contracts) STOCKS IN NEWS  Maruti to recall 1492 vehicles comprising of Ertiga, Swift, Dzire & A-Star models.  Tata Power's generation increases 62 per cent in first half of 2013-14.  Biocon gets DCGI nod to market biosimilar trastuzumab in India.  Deloitte may submit report on CIL restructuring by next month.  Tata Group withdraws application for banking license NIFTY FUTURE Open Interest MOST ACTIVE CALL OPTION Symbol Option Type NIFTY CE 6,100 10.90 9,47,675 62,17,650 NIFTY CE 6,200 0.65 4,32,619 62,97,850 NIFTY CE 6,000 75.00 2,97,247 14,95,200 BANKNIFTY CE 11,000 45.00 59,404 3,02,025 SBIN CE 1,800 3.35 19,909 7,15,750 RELIANCE CE 840 5.20 3,802 3,58,250 MCDOWELL-N CE 2,700 11.00 13,960 3,43,500 TATAMOTORS CE 400 3.40 5,769 14,75,000 DLF CE 150 0.85 3,293 18,87,000 Nifty Future closed in the green in the last trading session. We advise buying around 6040-6060 with strict stop loss of 6020 for the targets of 6090-6125. 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 121760 3632.69 121968 3640.15 560030 16859.70 -7.46 INDEX OPTIONS 627099 18711.69 632879 18953.07 1884293 56884.36 -241.38 STOCK FUTURES 297126 8203.12 303946 8300.82 1213231 32844.25 -97.70 STOCK OPTIONS 44273 1257.23 44385 1247.70 77954 2102.10 9.52 TOTAL -337.02 INDICES NIFTY S2 S1 PIVOT R1 R2 6010.1 6033.6 6053.8 6077.3 6097.5 NIFTYJUNIOR 11982.51 12059.08 12125.21 12201.78 12267.91 BANK NIFTY 10762.53 10830.91 10896.13 10964.51 11029.73 YOUR MINTVISORY Call us at +91-731-6642300
  4. 4. DAILY REPORT 28th NOVEMBER. 2013 COMMODITY MCX RECOMMENDATIONS SILVER COMMODITY ROUNDUP U.S. light crude oil futures fell 1.5 percent to settle at $92.30 a barrel, which may translate into lower gasoline prices for consumers. Gold stabilized at about $1,237.8 an ounce, having fallen 0.4 percent in the previous session and not far from a fourmonth low of $1,227.34 touched on Monday. India gold futures remained almost steady on Wednesday tracking weak sentiments in the global market. Gold prices in the international market remained almost steady amid higher than expected US data that boosted the concerns that US Central Bank would start reducing its monetary stimulus. TRADING STRATEGY: BUY SILVER ABOVE 45200 TGTS 45400/45800 SL 45000 SELL SILVER BELOW 43950 TGTS 43750/43500 SL 44100 GOLD Gold futures for December delivery on India's Multi Commodity Exchange (MCX) was seen trading with a gain of 0.09% at Rs.30160 per 10 grams as of 16.13 IST on Wednesday. Comex gold futures for December delivery on electronic platform was seen trading with a gain of $9.2 at $1250.6 per troy ounce as of 16.43 IST on Wednesday. Indian Rupee appreciated against US Dollar by 0.38% which is likely to put further pressure on the yellow metal prices during intra-day trade. In the global market, gold tumbled 25% in 2013 and turned bearish. Investors sold their holdings from Exchange Traded Funds at a record level on concerns that US Central Bank may start tapering its monetary stimulus on improving economic conditions in the US. Holdings at SPDR Gold Trust, were unchanged at 848.91 tons on Tuesday, the least since January 2009. MCX copper for November delivery was seen trading in a narrow range since morning. Intra-day support for the prices is seen at 441 level and break out of the same may give fresh selling opportunity and then traders can wait for the target at 438 and 435.5. Resistance is seen at 446.5 level. MCX copper for November delivery was seen trading at 443.10 per kilogram as of 16.22 IST on Wednesday. TRADING STRATEGY: BUY GOLD ABOVE 30250 TGTS 30300/30380 SL 30170 SELL GOLD BELOW 29835 TGTS 29785/29720 SL 29915 YOUR MINTVISORY MCX SILVER December contract was closed at Rs 44120 down Rs 281, or 0.63 percent. The SILVER rate touched an intraday high of Rs 44861 and an intraday low of Rs 44086. So far 14962 contracts have been traded. MCX CRUDEOIL December contract was closed at Rs 5782 down Rs 115, or 1.95 percent. The CRUDEOIL rate touched an intraday high of Rs 5890 and an intraday low of Rs 440.75. So far 64168 contracts have been traded Call us at +91-731-6642300
  5. 5. DAILY REPORT 28th NOVEMBER. 2013 NCDEX RECOMMENDATIONS CASTORSEED NCDEX INDICES Index Value % Change Barley 1373 -0.07 Castor Seed 4368 +1.46 Chana 3047 -0.62 Chilli 7582 +2.24 Coriander 7593 +0.28 Cotton Seed Oilcake 1403 +0.29 1267.5 -0.69 Mustard seed 3796 +0.40 Ref Soya Oil 724.3 +0.35 Turmeric 5270 -0.98 Jeera BUY CASTORSEED(JAN) ABOVE 4410 TG 4440,4490 SL 4360 SELL CASTORSEED(JAN) BELOW 4320 TG 4290,4250 SL 4370 DHANIYA BUY DHANIYA(DEC) ABOVE 7690 TG 7720,7760 SL 7640 SELL DHANIYA(DEC) BELOW 7480 TG 7450,7410 SL 7530 YOUR MINTVISORY NCDEX ROUNDUP Chana prices traded higher by 0.16% to Rs 3,071 per quintal in futures market yesterday as speculators enlarged positions, supported by an improvements in demand in the spot market. However, expectations of higher output this season on favorable weather for sowing, restricted the gains. At the National Commodity and Derivatives Exchange, chana for delivery in December rose by Rs 5, or 0.16%, to Rs 3,071 per quintal with an open interest of 80,590 lots. Similarly, commodity for delivery in January traded higher by Rs 3, or 0.10%, to Rs 3,157 per quintal in 54,730 lots. speculators enlarged their positions, supported by an improvement in demand in the spot market, mainly helped chana prices to trade higher at futures trade. Some enquiries from dal mills further fuelled the uptrend. Refined soya oil prices gained 0.36% to Rs 724.40 per 10 kg in futures trade today as speculators created fresh positions, driven by good demand in the spot market in view of the ongoing marriage season. At the National Commodity and Derivatives Exchange, refined soya oil for delivery in December rose by 2.60, or 0.36%, to Rs 724.40 per 10 kg with an open interest of 79,840 lots. Call us at +91-731-6642300
  6. 6. DAILY REPORT 28th NOVEMBER. 2013 CURRENCY RBI Reference Rate Currency Rate Currency Rupee- $ 62.3625 Yen-100 Euro 84.6755 GBP EUR/INR Rate 61.4300 101.1083 CURRENCY ROUNDUP The euro hit its highest in four years against the yen and rose versus the dollar on Wednesday after German Chancellor conservatives reached a deal with the Social Democrats on forming a grand coalition. Germany's two biggest political forces clinched a deal in the early hours and a new government should be formed before year-end, triggering a relief rally for the euro. The euro was up 0.1 percent at $1.35765, having risen as high as $1.3600, its strongest since October 31. It rose as high as 138.16 yen, breaking above 138.00 yen for the first time since October 2009, with the potential to target the 2009 peak of 139.26 yen. It last traded at 137.95 yen. SELL EUR/INR BELOW 85.20 TGTS 85.03, 84.84 SL 85.80 BUY EUR/INR ABOVE 85.68 TGTS 85.84, 86.12 SL 84.90 USD/INR SELL USD/INR BELOW 62.60TGTS 62.51, 62.36 SL 63.24 The dollar was up 0.4 percent against the yen at 101.66 yen. It hit a six-month high of 101.915 yen on Monday. However, the dollar dipped against a basket of currencies .DXY as U.S. Treasury yields fell on Tuesday. The dollar was steady at $1.3571 to the euro, having hit a fourweek low in the previous session after news that Germany's two major parties had formed a grand coalition deal. The dollar hit a six-month high against of 102.28 yen, edging closer to a 4-1/2 peak of 103.74 yen reached in May. The Indian rupee rose to a one-week high on Wednesday, helped by gains in the euro although gains remained under check as month-end dollar demand from oil companies continued to creep in at stronger rupee levels. Concerns over the expiry of the special currency swap windows opened by the central bank at the end of this month is likely to limit any sharp upside in the rupee. The concessional swap windows have attracted about $25 billion,. BUY USD/INR ABOVE 63.25 TGTS 63.40, 63.64 SL 62.61 YOUR MINTVISORY Call us at +91-731-6642300
  7. 7. DAILY REPORT 28th NOVEMBER. 2013 CALL REPORT PERFORMANCE UPDATES Date Commodity/ Currency Pairs Contract Strategy Entry Level Target Stop Loss Remark 27/11/13 MCX GOLD DEC BUY 30500 30600-30750 30350 NOT EXECUTED 27/11/13 MCX GOLD DEC. SELL 30040 29940-29850 30230 BOOKED FULL PROFIT 27/11/13 MCX SILVER DEC BUY 45500 45700-46000 45150 NOT EXECUTED 27/11/13 MCX SILVER DEC SELL 44300 44100-43900 45650 BOOKED PROFIT 27/11/13 NCDEX CASTOR SEED JAN. SELL 4280 4250-4210 4320 NOT EXECUTED 27/11/13 NCDEX CASTOR SEED JAN. BUY 4350 4380-4390 4310 BOOKED FULL PROFIT 27/11/13 NCDEX DHANIYA DEC. BUY 7660 7690-7730 7620 NOT EXECUTED 27/11/13 NCDEX DHANIYA DEC. SELL 7470 7440-7400 7510 NOT EXECUTED 27/11/13 USD/INR DEC. SELL 62.25 62.09-61.65 62.85 NOT EXECUTED 27/11/13 USD/INR DEC. BUY 62.91 63.09-63.25 62.20 NOT EXECUTED 27/11/13 EUR/INR DEC. SELL 84.15 83.99-83.82 84.85 NOT EXECUTED 27/11/13 EUR/INR DEC. BUY 85.00 85.18-85.32 84.35 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 27/11/13 NIFTY FUTURE SELL 6110-6130 6090-6060 6155 NOT EXECUTED 27/11/13 YESBANK FUTURE BUY 362 369-375 355 SL TRIGGERED 27/11/13 TATA MOTORS FUTURE BUY 388-390 395-399 384 BOOKED FULL PROFIT 27/11/13 TORRENT POWER CASH BUY 123 126-129 120 BOOKED FULL PROFIT US ECONOMIC REPORT TIME (ET) REPORT PERIOD ACTUAL CONSENSUSFORECAST PREVIOUS THURSDAY, NOV. 28 THANKSGIVING DAY NONE SCHEDULED FRIDAY, NOV. 29 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