Special report by epic research 30 december 2013


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Special report by epic research 30 december 2013

  1. 1. DAILY REPORT 30th DECEMBER. 2013 Global markets at a glance Tokyo's Nikkei .N225 added 0.3 % in morning trade on what is its last trading day of the year. The market is closed for the New Year holiday from Tuesday to Friday and will reopen on Jan. 6.. Australian stocks rose 0.5 % .AXJO to bring their gains for the year to 15 percent. European shares resumed their sharp year-end rally on Friday after the Christmas break, closing at their highest level in five years . The pan-European FTSEurofirst 300 index ended 1.1% higher at 1,314.29 points in thin holiday volume. The benchmark index, which has surged 5.3 % since Dec. 17, is on track to post a gain of 16 % on the year. The euro zone's blue-chip Euro STOXX 50 index advanced 1.3% to 3,111.37 points, a five-year closing high, while the DAX added 1.1%, to end at a fresh record high of 9,589.39 points. Around Europe, Britain's FTSE 100 index gained 0.9%. World Indices Index Value % Change 16,478.41 -0.01 S&P 500 1,841.40 -0.03 NASDAQ EURO STO FTSE 100 4,156.59 3,111.37 6,750.87 -0.26 +1.25 +0.85 Nikkei 225 Hong Kong 16,247.89 23,312.01 +0.43 +0.30 DJl Top Gainers Previous day Roundup Dalal Street ended the week on a positive and steady note. The Nifty held 6300 till the end to closing at 6313.80 up 34.90 points. The Sensex was up 118.99 points at 21193.58. About 1374 shares advanced, 1166 shares declined, and 147 shares were unchanged. Index stats The Bankex and Bank Nifty both advanced 0.52% & 0.65% respectively. Among the sartorial indices almost all the sectors were up; Capital Goods [up 17.33pts], ], PSU [up 21.03pts], Consumer Durables [up 26.89pts], Metals [up 49.26pts], FMCG [up 37.87pts, Realty [up 4.28pts], TECK [up 69.80pts], IT [up 153.93pts], Power [up 0.72pts], and Healthcare [up 67.27pts], the index slipped was AUTO [down 10.72pts] and Oil & Gas [down 36.68 pts]. CMP Change % Chg 2,165.15 64.85 +3.09 NMDC 142.50 3.85 +2.78 KATAKBANK 739.00 13.10 +1.80 CIPLA 405.00 6.95 +1.75 WIPRO 557.40 8.80 +1.60 CMP Change % Chg 53.70 1,773.45 878.05 485.25 1,765.25 0.95 20.15 9.50 4.60 14.65 -1.74 -1.12 -1.07 -0.94 -0.82 Prev. Close Change %Chg BFUTILITIE 563.25 6.45 -1.13 DIVISLAB 1177.35 42.65 +3.62 GMBREW 105.00 8.30 +8.58 HCLTECH 1,258.85 13.95 +1.12 JSWSTEEL Wall Street Update US stock indexes closed mostly flat on Friday, with the Dow snapping a six-day streak of record closing highs. he Dow Jones industrial average fell 1.47 points or 0.01 per cent, to end at 16,478.41. The S&P 500 dipped just 0.62 of a point, or 0.03 per cent, to finish at 1,841.40. The Nasdaq Composite dropped 10.59 points or 0.25 per cent, to close at 4,156.59. Friday's slight decline also halted the S&P 500's run of four record closing highs in a row. Company 1,009.05 10.30 +1.03 Prev. Close Change %Chg 13.60 0.25 -1.81 CMP Change % Chg 6,313.80 21,193.58 34.90 +118.99 +0.56 +0.56 TCS Top Losers Company JPASSOCIAT MARUTI RELIANCE ASIANPAIMT ULTRACEMCO Stocks at 52 Week’s high Symbol Stocks at 52 Week’s Low Symbol RUCHINFRA -- Indian Indices Company NIFTY SENSEX YOUR MINTVISORY Call us at +91-731-6642300
  2. 2. DAILY REPORT 30th DECEMBER. 2013 EQUITY CASH & FUTURE STOCK RECOMMENDATIONS [FUTURE] 1. PNB STOCK RECOMMENDATION [CASH] 1. KOLTE PATIL PNB FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 640. We advise buying around 640-645 levels with strict stop loss 630 for the targets of 655-665 levels. KOLTE PATIL DEVELOPERS is looking strong on charts. We advise buying above 95 levels with strict stop loss of 90 for the targets of 100-105 levels. 2. TCS MACRO NEWS  NALCO has been awarded an 'excellent' MoU score of 1.5 by the Department of Public Enterprises for its outstanding performance in 2012-13,.  CNG rate increase due to court orders.  Reliance Retail to turn hypermarkets into wholesale stores, to court kirana shops.  (CCI) has issued notices to 18 sugar companies after a probe into the industry and state-run oil marketing firms (OMCs) for alleged rigging in the bids for ethanol purchase.  UN General Assembly approves USD 5.5 bn budget for 2014/15  Jaypee to sell hydro power projects.  FIPB to consider Tesco, HDFC Bank and Vodafone proposals today.  HCL Tech likely to bag 80-100m pound contract from UK body.  Idea Cellular gets shareholder nod to raise FII limit to 49% RIL , partners to give USD 1.2bn guarantee for higher gas price. TCS FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 2150. We advise buying on dips around 21602170 levels with strict stop loss 2140 for the targets of 2190-2220 levels. YOUR MINTVISORY Call us at +91-731-6642300
  3. 3. DAILY REPORT FUTURE & OPTION 30th DECEMBER. 2013 STOCKS IN NEWS  REC trading volume jumps to 2.57 lakh in Dec.  Coalgate legacy delayed green nod in 65% of 122 projects.  Adani Power board is expected mull demerger of transmission line business.  Tata Motors planning to rejuvenate floundering Nano.  Lanco Infratech may soon sign Rs 7500-crore CDR deal.  Dena Bank Receives Rs 700 cr capital infusion from Govt. NIFTY FUTURE MOST ACTIVE PUT OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY PE 6,300 78.00 1,16,244 31,69,0000 NIFTY PE 6,200 48.25 85,431 32,41,700 NIFTY PE 6,100 29.00 70,482 30,83,200 BANK NIFTY PE 10,500 44.25 7,171 1,01,475 SBIN PE 1,750 42.00 1,599 94,625 TCS PE 2,100 39.40 900 52,875 RELIANCE PE 880 19.40 1,162 1,21,750 ICICIBANK PE 1,100 29.20 854 1,13,250 Strike Price LTP Traded Volume (Contracts) Open Interest MOST ACTIVE CALL OPTION Symbol Option Type NIFTY CE 6,400 92.00 1,22,209 30,70,700 NIFTY CE 6,500 52.15 1,14,359 39,09,750 NIFTY CE 6,600 25.50 79,263 27,25,250 BANKNIFTY CE 12,000 142.00 11,023 2,12,925 SBIN CE 1,800 50.00 4,476 3,29,875 RELIANCE CE 900 18.50 3,062 5,85,250 DLF CE 180 5.50 2,452 18,30,000 TCS CE 2,200 6.90 1,405 1,60,750 RPOWER CE 80 1.30 1,650 20,72,000 Nifty Future closed in the green in the last trading session. We advise buying around 6320-6300 with strict stop loss of 6250 for the targets of 6350-6370 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 23592 742.59 14544 457.57 424463 13427.66 285.01 INDEX OPTIONS 123126 3846.23 114176 3544.95 918338 28965.88 301.28 STOCK FUTURES 30888 1021.84 30722 985.98 935610 30136.61 35.86 STOCK OPTIONS 10565 320.03 10412 314.49 7670 238.72 5.54 TOTAL 627.69 INDICES NIFTY S2 S1 PIVOT R1 R2 6273.86 6293.83 6309.36 6329.33 6344.86 NIFTYJUNIOR 12803.08 12853.06 12897.43 12947.41 12991.78 BANK NIFTY 11355.93 11407.81 11461.13 11513.01 11566.33 YOUR MINTVISORY Call us at +91-731-6642300
  4. 4. DAILY REPORT 30th DECEMBER. 2013 COMMODITY MCX RECOMMENDATIONS SILVER COMMODITY ROUNDUP MCX GOLD February contract was closed at Rs 28564 down Rs -12 , or-0.04%. The GOLD rate touched an intraday high of Rs 28640 and an intraday low of Rs 28250. 11702 contracts had been traded. Gold Price was taking support at 28250 and trade in sideways range all day. In evening session gold price have broken the nearest resistance 28580 and made high of 28640. MCX SILVER March contract was closed at Rs 45154 up Rs 378, or + 0.84%. The SILVER rate touched an intraday high of Rs 45226 and an intraday low of Rs 44614. 17289 contracts had been traded. Silver opened at morning with gap down and made day high. In mid session silver trade in narrow range and made night high 45226 . After evening Have seen more buying pressure in silver and it will helpful to break the nearest resistance 45250. TRADING STRATEGY: BUY SILVER ABOVE 45250 TGTS 45450/45750 SL 44900 SELL SILVER BELOW 44880TGTS 44680/44580 SL 45250 GOLD Gold prices rose for the second straight day by gaining Rs 120 to Rs 30,120 per ten grams in the national capital today largely in tandem with a firming trend overseas. Silver too maintained its upward journey for the fourth straight session and moved up further by Rs 250 to Rs 45,000 per kg, after gaining Rs 1,200 in the previous three sessions. London copper was up at its highest level in four months, with signs of economic revival in Asia and the United States burnishing the demand outlook for industrial metals. Gold edged up to $1,213, but remained on track for its biggest annual loss in three decades. Brent crude oil was 5 cents firmer at $112.23 a barrel, while U.S. light sweet crude eased back 8 cents to $100.24 a barrel. TRADING STRATEGY: BUY GOLD ABOVE 28650 TGTS 28720/28820 SL 28550 SELL GOLD BELOW 28420 TGTS 28350/28250 SL 28520 YOUR MINTVISORY Nickel prices were up 0.32% to Rs 877.50 per kg in futures trade today as speculators enlarged positions amid a firming trend in the spot markets on rising demand from consuming industries. At the Multi Commodity Exchange, nickel for delivery in December edged higher by Rs 2.80, or 0.32%, to Rs 877.50 per kg in a business turnover of 263 lots. The metal for delivery in January also gained Rs 2.50, or 0.28%, to Rs 886.20 per kg in a turnover of 75 lots. Call us at +91-731-6642300
  5. 5. DAILY REPORT 30th DECEMBER. 2013 NCDEX RECOMMENDATIONS CASTORSEED NCDEX INDICES Index Value % Change Castor Seed 4221 -3.98 Chana 3048 -1.26 Coriander 7288 -3.83 Cotton Seed Oilcake 1440 -0.76 12430 -1.33 Maize– Feed/ Industrial Grade 1192 0.00 Mustardseed 3550 -0.62 Soya Bean 3773 -1.27 Sugar M Grade 2805 +0.43 Turmeric 6270 -1.72 Jeera BUY CASTORSEED FEB ABOVE 4525 TGTS 4555 / 4595 SL 4475 SELL CASTORSEED FEB BELOW 4230 TGTS 4200 / 4150 SL 4280 DHANIYA NCDEX ROUNDUP Guarseed prices plummeted by Rs 115 to Rs 4,630 per quintal, as stockists sold on the back of weak physical markets sentiment. Stockists offloaded their positions tracking bearish signals from the physical market. At the NCDEX, guarseed prices for April delivery lost Rs 115, or 2.42%, to Rs 4,630 per quintal, with an open interest of 14 lots. The most active January contract shed Rs 65, or 1.43%, at Rs 4,490 per quintal, in an open interest of 12,433 lots. Barley prices improved by Rs 19 at Rs 1,424 per quintal in futures trading yesterday following fresh buying support at existing lower levels. Pick up in demand and restricted supply in physical markets mainly attributed the rise here in barley prices at future markets At the NCDEX, barley prices for June delivery advanced by Rs 19, or 1.35% to Rs 1,424 per quintal, in an open interest of 110 lots. The April contract added Rs 14.50, or 1.06%, to Rs 1,377 per quintal, showing an open interest of 1,890 lots. The January contract was up by Rs 12.50, or 0.89%, to Rs 1,416.50 per quintal, with an open interest of 4,000 lots. BUY DHANIYA ABOVE JAN 7500 TGTS 7530 / 7580 SL 7450 SELL DHANIYA BELOW JAN 7370 TGTS 7340 / 7290 SL 7420 YOUR MINTVISORY Potato prices fell by 1.89% to Rs 970 per quintal,as speculators offloaded their positions driven by subdued demand in the spot market. Increased supplies in the physical market following persistent arrivals from producing region against lower demand led to the fall in potato prices. At the MCX potato for March delivery lost Rs 18.70, or 1.89%, to Rs 970 per quintal with a business volume of 271 lots. Call us at +91-731-6642300
  6. 6. DAILY REPORT 30th DECEMBER. 2013 CURRENCY RBI Reference Rate Currency Rate Currency Rupee- $ 62.0595 Yen-100 Euro 85.2748 GBP JPY/INR Rate 59.2300 102.0320 CURRENCY ROUNDUP The Indian Rupee depreciated by 0.58 percent in Friday's trading session and closed at 62.15 on the back of month end dollar demand from importers. However, rise in risk appetite in the domestic market and strong foreign fund inflows prevented sharp fall in the Indian Rupee. SELL JPY/INR BELOW 59.50 TGTS 59.37, 59.18 SL 59.91. BUY JPY/INR ABOVE 59.93 TGTS 60.10, 60.27 SL 59.52. EUR/INR BUY EUR/INR ABOVE 86.21 TGTS 86.36, 86.53 SL 85.80. SELL EUR/INR BELOW 85.60 TGTS 85.45, 85.25 SL 86.01. YOUR MINTVISORY The Indian rupee was the second worst performer among the currencies of emerging markets in 2013, falling almost 14% against the dollar. Although the rupee gained almost 10% in the first few months of the year, it lost nearly 14% in the following months touching a low of 68.85 to a dollar in late August as the government struggled to contain its high current account deficit. After widening to 4.9% of GDP in the quarter to June, the CAD narrowed to 1.2% in the following quarter as duty and restrictions on gold imports led to a fall in the import of precious metal. The CAD in 2012-13 was 4.3%. The U.S. dollar rallied to a one-week high against its Canadian counterpart on Friday, as prospects of further stimulus tapering by the Federal Reserve underpinned the greenback. USD/CAD ended Friday's session at 1.0709, up 0.57%, after rising as high as 1.0719, the highest since December 20. For the week, the pair gained 0.67%. The pair is likely to find support at 1.0618, Friday's low and resistance at 1.0737, the high from December 20. The U.S. dollar edged down against the yen on Friday, but remained near five-year highs after a string of economic reports from Japan, as Thursday's upbeat U.S. jobless claims data continued to support. USD/JPY hit 104.68 during late Asian trade, the session low; the pair subsequently consolidated at 104.71, easing 0.08%. The pair was lilkely to find support at 104.21, the low of December 25 and resistance at 105.03. Call us at +91-731-6642300
  7. 7. DAILY REPORT 30th DECEMBER. 2013 CALL REPORT PERFORMANCE UPDATES Date Commodity/ Currency Pairs Contract Strategy Entry Level Target Stop Loss Remark 27/12/13 MCX GOLD FEB. BUY 28650 28720-28820 28550 NOT EXECUTED 27/12/13 MCX GOLD FEB. SELL 28420 28350-28250 28520 BOOKED FULL ROFIT 27/12/13 MCX SILVER MAR. BUY 44950 45150-45450 44650 BOOKED PROFIT 27/12/13 MCX SILVER MAR. SELL 44530 44330-44030 44830 NOT EXECUTED 27/12/13 NCDEX CASTOR SEED FEB. SELL 4400 4370-4320 4450 BOOKED FULL PROFIT 27/12/13 NCDEX CASTOR SEED FEB. BUY 4490 4520-4570 4440 NOT EXECUTED 27/12/13 NCDEX DHANIYA JAN. BUY 7820 7850-7900 7780 NOT EXECUTED 27/12/13 NCDEX DHANIYA JAN. SELL 7480 7450-7400 7520 BOOKED FULL PROFIT 27/12/13 USD/INR JAN. SELL 62.20 62.06-61.91 62.56 NOT EXECUTED 27/12/13 USD/INR JAN. BUY 62.60 62.72-62.90 62.24 NOT EXECUTED 27/12/13 GBP/INR JAN. SELL 101.90 101.72-101.57 102.35 NO PROFIT NO LOSS 27/12/13 GBPINR JAN. BUY 102.50 102.63-102.81 102.05 NOT EXECUTED Date Scrip CASH/ FUTURE Strategy Entry Level Target Stop Loss Remark US ECONOMIC REPORT 27/12/13 NIFTY FUTURE SELL 6320-6230 6260-6230 6350 NOT EXECUTED 27/12/13 KTKBANK FUTURE BUY 110-112 114-118 106 CALL OPEN 27/12/13 TATA STEEL FUTURE BUY 428 434-438 422 CALL OPEN 27/12/13 GITANJALI GEMS CASH BUY 70 74-78 66 BOOKED PROFIT 26/12/13 NIFTY FUTURE BUY 6280-6300 6340-6370 6250 BOOKED PROFIT 24/12/13 NIFTY FUTURE BUY 6280-6300 6340-6370 6250 BOOKED PROFIT 24/12/13 DLF FUTURE BUY 170-171 174-178 167 CALL OPEN 24/12/13 LICHOUSING FUTURE BUY 215-216 225-225 210 CALL OPEN 23/12/13 NIFTY FUTURE BUY 6280-6300 6340-6370 6250 BOOKED PROFIT 23/12/13 RELIANCE FUTURE BUY 895-900 915-935 878 CALL OPEN YOUR MINTVISORY Call us at +91-731-6642300
  8. 8. DAILY REPORT 30th DECEMBER. 2013 ECONOMIC CALENDAR NEXT WEEK'S U.S. ECONOMIC REPORTS TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS -- -0.6% MONDAY, DEC. 30 10 am Pending home sales Nov. TUESDAY, DEC. 31 9 am 9:45 am 10 am Case-Shiller home prices Oct. -- 13.3% y-o-y Chicago PMI Dec. 61.8 63.0 Consumer confidence Dec. 75.0 70.4 12/28 N/A 338,000 WEDNESDAY, JAN. 01 New Year's Day None scheduled THURSDAY, JAN. 02 8:30 am Weekly jobless claims 9 am Market PMI Dec. -- 54.4 10 am ISM Dec. 56.9% 57.3% 10 am Construction spending Nov. 0.9% 0.8% 16.0 mln 16.3 mln FRIDAY, JAN. 03 TBA Motor vehicle sales Dec. 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