Special report by epic research 29 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 29 january 2014

  1. 1. DAILY REPORT 29st JANUARY. 2014 Global markets at a glance Asian equity markets rebounded on Wednesday after an aggressive rate hike from the Turkish central bank soothed worries over volatility in emerging markets. China's Shanghai Composite rose 0.41 percent or 8.44 points at 2,046.96 and Hong Kong's Hang Seng gained 0.84 percent or 185.10 points at 22,145.74. Japan's Nikkei jumped 1.74 percent or 260.14 points at 15,240.30 and South Korea's Seoul Composite added 0.63 percent or 12.05 points at 1,928.98. However, Singapore's Straits Times was down 0.20 percent or 6.23 points at 3,056.18. World Indices Index Value % Change 15928.56 +0.57 S&P 500 1792.50 +0.61 NASDAQ EURO STO FTSE 100 4097.96 3038.60 6572.33 +0.36 +0.80 +0.33 Nikkei 225 Hong Kong 15240.84 22183.64 +1.74 +1.02 DJl Top Gainers Wall Street Update the Dow Jones Industrial Average rose 0.57%, the S&P 500 index rose 0.61%, while the Nasdaq Composite index rose 0.35%. The calmer tone was reflected in the market's favored measure of volatility, the VIX index, which .VIX dropped over 9.0 percent on Tuesday to 15.80 and off a peak of 18.99. Previous day Roundup Markets closed in the negative territory for the third straight day after the RBI surprised the street by hiking the repo rates by 25 bps to 8% in its third quarter monetary policy review today. At close, the Sensex was down 14 points at 20,694 and the Nifty gave off four points to end at 6,132 The reverse repo rate under the Liquidity Adjustment Facility (LAF) stands adjusted at 7%, and the marginal standing facility (MSF) rate and the bank rate at 9%.The Cash Reserve Ratio (CRR) was kept unchanged at 4% of Net Demand and Time Liabilities (NDTL). Index stats The Market was very down in yesterday session where Bank and Bank Nifty both closed almost flat (down-3.97% and down-4.02% . respectively). Among the sartorial indices the sectors which were down are;], Capital Good [down-259.87 pts], Consumer Durables [down-106.17 pts], .Healthcare [down-91.65 pts], FMCG [down-11.82pts] AUTO [down–397.76 pts], PSU [down154.71 –pts], TECK [down-60.69pts], Oil& Gas [down205.20pts], Metals [down –365.89pts], , IT [down –60.82pts Realty [down –89.11.ts], Power [down –47.15 pts]. Company CMP Change % Chg TATASTEEL 365.80 12.25 +3.46 RANBAXY 317.65 8.30 +2.68 SSLT 199.50 4.45 +2.28 HINDALCO 113.55 2.45 +2.21 41.00 0.85 +2.12 CMP Change % Chg 1,543.40 1,119.50 874.95 583.80 408.00 158.90 41.60 21.45 14.00 6.20 -9.33 -3.58 -2.39 -2.34 -1.49 Prev. Close Change %Chg 229.40 376.50 798.15 470.70 82.80 19.25 9.65 30.40 13.15 4.10 +9.16 +2.63 +3.96 +2.87 4.95 Prev. Close Change %Chg 253.50 34.40 0.60 0.25 +0.24 -0.72 CMP Change % Chg 6125.25 20670.52 -9.60 -12.99 -0.16 -0.13 JPASSOCIATE Top Losers Company MARUTI AXISBANK LUPIN SUNPHRMA CIPLA Stocks at 52 Week’s high Symbol GRANULES FIEMIND IPCALAB SYMPHONY SAKSOFT Stocks at 52 Week’s Low Symbol JETAIRWAYS JSL Indian Indices Company NIFTY SENSEX YOUR MINTVISORY Call us at +91-731-6642300
  2. 2. DAILY REPORT 29st JANUARY. 2014 EQUITY CASH & FUTURE STOCK RECOMMENDATIONS [FUTURE] 1. TATA GLOBAL FUTURE STOCK RECOMMENDATION [CASH] 1. GLENMARK PHARMA TATA GLOBAL FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it sustains below 140 levels. We advise selling around 139-140 levels with strict stop loss 144 for the targets of 136-132 levels. 2. MARUTI FUTURE GLENMARK PHARMA is looking strong on charts. We advice buying around 550-555 levels with strict stop loss of 560 for the targets of 580-585 levels. MACRO NEWS  The RBI hiked repo rate by 25 basis points to 8%, entirely reversing street expectations. Consequently, the reverse repo rate under the LAF stands adjusted at 7%, and the MSF rate and the Bank Rate at 9%. And CRR was kept unchanged as expected.  Maruti Suzuki India Ltd on Tuesday announced a whollyowned subsidiary of Suzuki Motor Company would set up a plant in Gujarat .  The reverse repo rate now stands at 7 percent, while the MSF and the Bank Rate stay at 9 percent. CRR has been left unchanged at 4 percent. The street had predicted status quo on the basis of slightly softer inflation in December  India's leading public sector bank, State Bank of India yesterday launched a qualified institutional placement (QIP) book to raise close to 1.5billion dollars. According to investment banking sources, the QIP price band is Rs 1565-1596 (implying 0-2%) discount to yesterday's closing price.  The coal ministry would next week review progress on 61 coal blocks allocated to 41 companies which are facing cancellation of licences due to delays in commencing production. MARUTI FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it sustains below 1550 levels. We advise selling around 1550-1570 levels with strict stop loss 1630 for the targets of 1505-1450 levels. YOUR MINTVISORY Call us at +91-731-6642300
  3. 3. DAILY REPORT FUTURE & OPTION 29st JANUARY. 2014 STOCKS IN NEWS  RBI hikes repo rate by 25 bps to 8%, MSF rate by 25 bps to 9%, keeps repo rate unchanged at 4%  Maruti Suzuki approved Gujarat unit expansion via Suzuki. Q3 profit beat estimates, up 1.6% QoQ and 36% YoY  Lanco Industries' Q3 net profit stood at Rs 8.8 crore versus loss of Rs 9.1 crore  JSW Steel says will raise prices by 1-2 percent (Rs 7001,200/Tonne) w.e.f February 1 NIFTY FUTURE MOST ACTIVE PUT OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY PE 6,100 17.5 8,75,699 42,54,400 NIFTY PE 6,000 4 4,36,255 49,24,600 BANKNIFTY PE 10,500 77 44,404 1,77,950 SBIN PE 10,300 25.5 42,542 1,07,200 TCS PE 1,600 13.75 9,634 3,69,000 INFY PE 1,550 2.8 7,558 1,67,625 AXISBANK PE 2,200 6.8 5,563 6,04,750 SBIN PE 3,700 24 5,153 3,42,625 Traded Volume (Contracts) MOST ACTIVE CALL OPTION Symbol Option Type Strike Price LTP Open Interest NIFTY CE 6,200 12.75 8,20,429 47,29,600 NIFTY CE 6,100 59 4,55,045 22,67,600 BANKNIFTY CE 11,000 4.05 64,245 4,77,100 BANKNIFTY CE 10,700 35 51,560 1,69,575 SBIN CE 1,650 5.8 14,955 8,20,250 RELIANCE CE 1,600 20 8,911 TCS CE 1,700 1.6 7,971 AXISBANK CE 1,200 1.9 5,506 3,52,875 Nifty Future closed in the red in the last trading session. 8,10,500 We advise selling below 6140 levels with strict stop loss 6,12,750 of 6180 for the targets of 6100-6060 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 264639 8059.89 265185 8044.25 570118 17287.16 15.65 INDEX OPTIONS 824293 24529.06 833262 24805.38 1459459 44275.31 -276.32 STOCK FUTURES 319278 9576.19 326662 9838.64 1153314 34903.24 -262.45 STOCK OPTIONS 69144 1946.56 70790 1998.35 110732 3479.15 -51.79 TOTAL -574.9 INDICES NIFTY S2 S1 PIVOT R1 R2 6047.61 6086.93 6125.26 6164.58 6202.91 NIFTYJUNIOR 11753.89 11823.54 11917.29 11986.94 12080.69 BANK NIFTY 10141.73 10324.66 10516.33 10699.26 10890.93 YOUR MINTVISORY Call us at +91-731-6642300
  4. 4. DAILY REPORT 29st JANUARY. 2014 COMMODITY MCX RECOMMENDATIONS SILVER COMMODITY ROUNDUP MCX Gold futures fell nearly 1% as some correction emerged in the metal after recent gains ahead of the US FOMC meet. The COMEX Gold futures came off highs near $1280 per ounce yesterday amid a hectic bout of volatility and currently trade at $1254.40, down $9 per ounce. MCX Gold futures are trading at Rs 29566, down Rs 232 per 10 grams on the day or 0.78% after testing lows under Rs 29500 levels. US dollar is turning positive ahead of the Fed meeting and quotes at 1.3640 against the Euro. TRADING STRATEGY: BUY SILVER ABOVE 45520 TGTS 45720/46020 SL 45180 SELL SILVER BELOW 44900 TGTS 44700/44400 SL 45260 GOLD TRADING STRATEGY: BUY GOLD ABOVE 29850 TGTS 29930/30030 SL 29730 SELL GOLD BELOW 29650 TGTS 29570/29470 SL 29760 YOUR MINTVISORY The global markets are nervous this week following the worries caused by last week's Chinse economic data. Investors are likely to eye the outcome of the Federal Reserve's monthly meeting will be in focus amid expectations for a reduction to USD65 billion from the current USD75 billion in the bank's stimulus program. The meeting due on Wednesday will mark the last for outgoing Fed Chairman Ben Bernanke, as current Vice Chair Janet Yellen prepares to take over. China's manufacturing sector is showing an unexpected contraction in January, albeit a mild one, according to initial results from HSBC's monthly survey released Thursday. The flash version of the HSBC/Markit China manufacturing Purchasing Managers' Index fell to a six-month low of 49.6, down from a final December reading of 50.5. Results below the 50 level indicate contraction, while those above 50 suggest growth. Meanwhile, gold is witnessing some support following reports that the Gold coins in major advanced economies are witnessing excellent demand and Mints are working with full capacities to churn out the required quantity of coins. Further, media reports stated today that the Union Government might revisit some of the existing restrictions on gold imports by March-end this fiscal. Last year, the government stipulated that 20 percent of bullion imports be set aside for re-exports as jewellery. The customs duty on gold imports was also hiked sharply from 2% to 10%.The strike by the South Africa's Association of Mineworkers and Construction Union continued on Tuesday across the platinum belt in the North West, according to local media reports. Workers at Lonmin Platinum, Anglo American Platinum and Impala Platinum downed tools last week Call us at +91-731-6642300
  5. 5. DAILY REPORT 29st JANUARY. 2014 NCDEX RECOMMENDATIONS CASTORSEED NCDEX INDICES Index Value % Change Castor Seed 8312 -0.07 1534 -0.90 Jeera 12420 -0.24 Maize– Feed/ Industrial Grade 1198 0.00 Mustard seed 3367 -0.41 Soy Bean 3844 -0.88 Turmeric YOUR MINTVISORY -1.73 Cotton Seed Oilcake BUY DHANIYA FEB ABOVE 8370 TGTS 8400,8450 SL 8320 SELL DHANIYA FEB BELOW 8235 TGTS 8205,8155 SL 8285 2960 Coriander DHANIYA -1.32 Chana BUY CASTORSEED FEB ABOVE 4155 TGTS 4185,4245 SL 4105 SELL CASTORSEED FEB BELOW 4080 TGTS 4050,4000 SL 4130 4108 7140 2.09 NCDEX ROUNDUP Cardamom prices rose by 0.40% to Rs 724.90 per kg in futures trade today after speculators enlarged positions supported by good buying in the spot markets. Sentiment improved further as a result of firm demand in the spot market against restricted arrivals from producing belts. At the Multi Commodity Exchange, cardamom for February contracts rose by Rs 2.90, or 0.40%, to Rs 724.90 per kg, with a trading volume of 136 lots. The spice for delivery in March was trading up by Rs 2.80, or 0.37%, to Rs 755 per kg, with a business volume of 44 lots. Traders said rising export and spot demand against restricted arrivals from producing regions mainly influenced cardamom prices at futures market. The NCDEX turmeric for the April delivery ended the day at Rs 7140,up Rs 146 or 2.09% over Monday's close. The market sources suggested that the total production of turmeric in the current year is estimated at 52 lakh bags against 70 lakh bags that were estimated in the last year. Turmeric spurted almost Rs 300 per quintal in last two sessions as strong buying emerged in the counter. The counter ended the day at Rs 7140,up Rs 146 or 2.09% over Monday's close and the open interest added 510 positions to 15,170 tonnes, indicating fresh buying. Call us at +91-731-6642300
  6. 6. DAILY REPORT 29st JANUARY. 2014 CURRENCY RBI Reference Rate Currency Rate Currency Rupee- $ 62.9898 Yen-100 Euro 86.1715 GBP Rate 61.3600 104.6135 EUR/INR The Indian rupee opened lower at 63.18 per dollar versus 63.10 Monday. The dollar regains a firmer footing against the yen, as expectations that the US Fed will scale back its stimulus further pulled the dollar off a seven-week low against the yen. Emerging markets currencies remain under pressure, though most analysts believe a full-blown crisis is unlikely at the moment SELL EUR/INR BELOW 85.25 TGTS 85.12, 84.98 SL 85.55. BUY EUR/INR ABOVE 85.98 TGTS 86.12, 86.28 SL 85.68. JPY/INR The dollar was steady against the yen on Tuesday, firming up after last week's 1.8% decline, as investors began to turn their focus to Wednesday's policy statement by the Federal Reserve. USD/JPY edged up 0.05% to 102.60, recovering from the seven-week low of 101.76 reached on Monday. The pair is likely to find support at 102.00 and resistance at 103.30. India’s rupee rose from a two-month low after the central bank unexpectedly raised interest rates. The Reserve Bank of India increased the repurchase rate to 8 percent from 7.75 percent, a move predicted by only three of 45 economists in a Bloomberg survey. The rest saw no change. Further “near-term” policy tightening isn’t anticipated, the monetary authority said in a statement. The Federal Reserve will conclude a two-day meeting tomorrow, where it is forecast to further reduce stimulus that’s buoyed emerging markets. The Indian Rupee depreciated by 0.75 percent in yesterday’s trading session and closed at 63.13 on the back of month end dollar demand from Importers along with rise in worries over country’s economic growth. Further, selloff in the global markets and weakness in the emerging market currencies added downside pressure on the Indian Rupee. Additionally, strength in dollar index kept currency under pressure. Apart from that, investors remained cautious ahead of monetary policy decision by RBI. SELL JPY/INR BELOW 60.58 TGTS 60.44, 60.29 SL 60.87. BUY JPY/INR ABOVE 61.26 TGTS 61.39, 61.53 SL 60.97. CURRENCY ROUNDUP YOUR MINTVISORY Call us at +91-731-6642300
  7. 7. DAILY REPORT 29st JANUARY. 2014 CALL REPORT PERFORMANCE UPDATES Date Commodity/ Currency Pairs Contract Strategy Entry Level Target Stop Loss Remark 28/01/14 MCX GOLD FEB. BUY 29850 29930-30030 29730 NOT EXECUTED 28/01/14 MCX GOLD FEB. SELL 29650 29570-29470 29760 BOOKED FULL PROFIT 28/01/14 MCX SILVER MAR. BUY 45520 45720-46020 45180 NOT EXECUTED 28/01/14 MCX SILVER MAR. SELL 44900 44700-44400 45260 BOOKED FULL PROFIT 28/01/14 NCDEX CASTOR SEED FEB. BUY 4190 4220-4270 4140 SL TRIGGERED 28/01/14 NCDEX CASTOR SEED FEB. SELL 4125 4095-4045 4175 BOOKED FULL PROFIT 28/01/14 NCDEX DHANIYA FEB. BUY 8430 8460-8510 8380 NOT EXECUTED 28/01/14 NCDEX DHANIYA FEB SELL 8270 8240-8190 8320 SL TRIGGERED 28/01/14 USD/INR JAN. SELL 62.81 62.68-62.53 62.10 BOOKED PROFIT 28/01/14 USD/INR JAN. BUY 63.35 63.47-63.61 63.06 NOT EXECUTED 28/01/14 JPY/INR JAN. SELL 61.03 60.90-60.74 61.32 BOOKED ULL PROFIT 28/01/14 JPY/INR JAN. BUY 61.72 61.86-62.00 61.44 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 28/01/14 NIFTY FUTURE SELL 6140 6100-6060 6180 BOOKED PROFIT 28/01/14 GLENMARK FUTURE BUY 550 560-575 540 CALL OPEN 28/01/14 ADANIPOWER FUTURE SELL 33.50-34.00 32.50-31.50 35 BOOKED PROFIT 28/01/14 HINDUNILEVER CASH BUY 575-570 580-585 560 SL TRIGGERED 20/01/14 BJAAJ AUTO FUTURE BUY 1950 1900-2040 1890 CALL OPEN YOUR MINTVISORY Call us at +91-731-6642300
  8. 8. DAILY REPORT 29st JANUARY. 2014 ECONOMIC CALENDAR NEXT WEEK'S U.S. ECONOMIC REPORTS TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS MONDAY, JAN. 27 10 am New home sales Dec. 469,000 464,000 TUESDAY, JAN. 28 8:30 am Durable good orders Dec. 1.5% 3.4% 10 am Consumer confidence index Jan. 77.9 78.1 N/A N/A 3.0% 4.1% WEDNESDAY, JAN,29 NONE SCHEDULED THURSDAY, JAN. 30 8:30 am Weekly jobless claims 1/25 8:30 am GDP 1Q FRIDAY ,JAN 31 8:30 am Employment cost index 1Q 0.5% 0.4% 8:30 am Personal income Dec. 0.2% 0.2% 8:30 am Consumer spending Dec. 0.2% 0.5% 9:45 am Chicago PMI Jan. 61.2 60.8 9:55 am UMich consumer sentiment index Jan. 83.0 82.5 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