Special report by epic research 4 december 2013


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Special report by epic research 4 december 2013

  1. 1. DAILY REPORT 04th DECEMBER. 2013 Global markets at a glance Asian shares could come under pressure on Wednesday after the world's share markets were rattled by fears of an impending reduction in the U.S. Federal Reserve's stimulus following positive U.S. data. European shares suffered their biggest falls since August while Wall Street retreated for a third straight day on Tuesday, dropping from record levels as investors took profits. The Dow Jones industrial average fell 94.15 points, or 0.59 percent, to end at 15,914.62. The Standard & Poor's 500 Index declined 5.75 points, or 0.32 percent, to finish at 1,795.15. The Nasdaq Composite Index dropped 8.06 points, or 0.20 percent, to close at 4,037.20. Wall Street Update The Dow and the S&P 500 fell for a third straight day on Tuesday, dropping from record levels in a broad decline as investors took profits amid signs of a weak holiday shopping season. World Indices Index Value % Change 15,914.62 -0.59 S&P 500 1,795.15 -0.32 NASDAQ EURO STO FTSE 100 4,037.20 3,013.88 6,532.43 -0.20 -2.06 -0.95 Nikkei 225 Hong Kong 15,390.47 23,742.35 -2.28 -0.70 DJl Top Gainers Company CMP Change % Chg GAIL 343.80 10.20 +3.06 BHEL 164.05 4.40 +2.76 DLF 156.70 3.95 +2.59 JINDALSTEL 275.00 6.60 +2.46 NMDC 137.20 3.10 +2.31 CMP Change % Chg 425.50 758.00 2,463.00 1,117.80 7.90 12.55 35.60 14.95 -1.82 -1.63 -1.42 -1.32 Prev. Close Change %Chg AUROPHARMA 306.30 2.10 +0.69 CROMPGREAV 124.85 1.25 +1.01 GRANULES 190.90 25.75 15.59 JINDALPHOT 145.40 24.20 19.97 JSWSTEEL 933.45 0.50 -0.05 Prev. Close Change %Chg 25.65 19.50 0.25 0.15 -0.97 -0.76 CMP Change % Chg 6,201.85 20,854.92 -16.00 -43.09 -0.26 -0.21 Top Losers Company Previous day Roundup Indian shares fell on Tuesday to snap a three-day winning streak due to profit-taking in stocks of blue chips such as Larsen and Toubro Ltd after upbeat U.S. data raised fears the Federal Reserve would reduce its monetary stimulus. It was a consolidation day at the Dalal Street with the Nifty holding above 6200 amid volatility. The Nifty ended at 6201.85, down 16.00 points while the Sensex slipped 43.09 points to close at 20854.92. About 1237 shares advanced, 1231 shares declined, and 166 shares were unchanged. Most of the stocks were under pressure while realty, small cap and midcap stocks outperformed peers. Index stats The Bankex and Bank Nifty both declined 0.56% & 0.65% respectively. Among the sartorial indices all the sectors were up; Capital Goods [down 32.32pts], Oil & Gas [up 43.68 pts], AUTO [down 52.69pts], PSU [down 12.28pts], Consumer Durables [up pts], Metals [up 22.41pts], Realty [up pts], TECK [up 6.46pts], IT [up 11.70pts], Power [up pts], and Healthcare [down 22.69pts], the index slipped was FMCG [down 54.56pts]. INDUSINDBK KOTAKBANK DRREDDY HCLTECH Stocks at 52 Week’s high Symbol Stocks at 52 Week’s Low Symbol PFOCUS SFCL Indian Indices Company NIFTY SENSEX YOUR MINTVISORY Call us at +91-731-6642300
  2. 2. DAILY REPORT 04th DECEMBER. 2013 EQUITY CASH & FUTURE STOCK RECOMMENDATIONS [FUTURE] 1. MCLOED RUSSEL STOCK RECOMMENDATION [CASH] 1. PATEL ENGINEERING LTD. MCLOED RUSSEL FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 300, We advise buying around 300302 levels with strict stop loss of 294 for the targets of 308314. PATEL ENGINEERING LTD is looking strong on charts. We advice buying above 54 levels with strict stop loss of 50 for the targets of 58-62 levels. 2. PETRONET PETRONET FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 135, We advise buying around 134-136 levels with strict stop loss of 132 for the targets of 138140. YOUR MINTVISORY MACRO NEWS  HSBC SERVICE PMI to be announced today.  India's CAD narrowed to 1.2% of GDP to $ 5.2bln, the lowest since June 2009. The deficit data was the latest in a run of positive signs for the sluggish domestic.  Reliance Industries-BP combine is leading the race for picking up 25 per cent stake in Gujarat government's planned LNG import terminal at Mundra.  Both HeroMoto Corp and Magneti Marelli will be investing a total of USD 8.5 million in the JV firm - HMCMM Auto Ltd - in the next three years and around USD 27 million over the next ten years. Hero MotoCorp will hold 605 in the JV while the Italian firm will have 40%  India to contribute $1mn to anti-chemical weapons body.  Prime Minister dedicated GAIL India Ltd's 1,000 km Dabhol-Bangalore natural gas pipeline to the nation.  Bharti Airtel prices 750 mln euro 2018 bond issue.  Larsen & Toubro has signed its five-year refinancing at reduced size of around US$362m from an earlier planned US$370m Call us at +91-731-6642300
  3. 3. DAILY REPORT FUTURE & OPTION 04th DECEMBER. 2013 STOCKS IN NEWS  RCom raises 3G internet rate by 26%, cuts benefits by about 60%.  Idea to challenge Rs 600 cr. govt. penalty notice.  Essar Telecom in talks with investors to fund Kenya operations.  Coal India signs fuel supply pacts for 71,500 MW capacity.  Canara Bank cuts fixed deposit rates by up to 1%.  Shree Renuka Sugars is in advanced talks with Wilmar for stake sale that is likely to be announced by month-end. NIFTY FUTURE MOST ACTIVE PUT OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY PE 6,100 98.20 1,35,374 41,54,750 NIFTY PE 6,000 69.90 1,18,032 55,43,600 NIFTY PE 6,200 135.05 1,10,860 31,83,900 BANK NIFTY PE 10,500 142.80 8,285 1,59,600 SBIN PE 1,800 64.00 4,306 2,33,125 HINDALCO PE 2,600 3.80 1,253 16,08,000 RELIANCE PE 860 20.75 1,651 2,85,750 TATAMOTORS PE 400 15.10 1,167 4,89,000 Strike Price LTP Traded Volume (Contracts) Open Interest MOST ACTIVE CALL OPTION Symbol Option Type NIFTY CE 6,400 87.25 1,32,148 38,43,050 NIFTY CE 6,500 54.05 1,11,337 49,24,600 NIFTY CE 6,300 130.00 1,09,418 47,01,300 BANKNIFTY CE 12,000 177.00 12,654 1,69,900 SBIN CE 1,850 65.45 3,314 2,52,750 UNITECH CE 17 1.30 3,987 1,21,60,000 DLF CE 160 7.90 2,884 10,90,000 JINDALSTEL CE 280 11.30 2,666 6,92,000 RELIANCE CE 880 19.50 2,345 4,72,250 Nifty Future closed in the green in the last trading session. We advise buying around 6240-6250 with strict stop loss of 6210 for the targets of 6280-6300 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 42305 1301.39 37854 1167.55 450963 13964.23 133.84 INDEX OPTIONS 346284 10579.05 301985 9222.89 1603414 49605.35 1356.16 STOCK FUTURES 48107 1333.88 58375 1649.37 1073004 29698.88 -315.49 STOCK OPTIONS 25693 700.76 22238 602.92 30788 837.10 97.84 TOTAL 1272.35 INDICES NIFTY S2 S1 PIVOT R1 R2 6172.21 6187.03 6206.21 6221.03 6240.21 NIFTYJUNIOR 12315.46 12362.53 12437.21 12484.28 12558.96 BANK NIFTY 11095.96 11153.63 11232.16 11289.83 11368.36 YOUR MINTVISORY Call us at +91-731-6642300
  4. 4. DAILY REPORT 04th DECEMBER. 2013 COMMODITY MCX RECOMMENDATIONS SILVER COMMODITY ROUNDUP Gold prices held near their lowest since early July on Tuesday after U.S. data fuelled expectations that the Federal Reserve is set to taper its monetary stimulus, further dampening investment interest in the metal. Data released on Monday showed the ISM gauge of U.S. factory activity hit a 2-1/2-year high in November, potentially bringing the Fed closer to scaling back its huge quantitative easing program, a move that would support the dollar. Such a move would also weigh on gold by relieving pressure on long-term interest rates, while potentially dampening expectations that inflation will rise in years to come. Gold hit a five-month low at $1,217.69 an ounce after the report. TRADING STRATEGY: BUY SILVER MAR ABOVE 44550 TGT 44750/45050 SL 44150 SELL SILVER MAR BELOW 43750 TGT 43550/43150 SL 44050 GOLD India gold futures was seen trading neutral amid weak international cues while US gold futures was seen near five month low after firm US data releases sparked the concerns that US Federal Reserve may start reducing its monetary stimulus later this month. Gold futures for February delivery on India's Multi Commodity Exchange (MCX) was seen trading with a loss of 0.11% at Rs.30099 per 10 grams as of 15.30 IST while Comex gold futures for February delivery on electronic platform was seen trading with a loss of 4 cents at $1221.5 per troy ounce as of 15.42 IST on Tuesday. Aluminium market deficit excluding China is expected to go up further next year than in 2013. The critical shift in fundamentals has come on the supply-side ex-China. The LME warehouse rules proposed in July 2013 (and confirmed in November) catalysed a near 15% drop in US and European physical premiums. Combined with a similar fall in LME prices since the beginning of the year, an additional 1.7Mt smelting capacity ex-China fell into loss making territory on top of 1Mty capacity already in such a state at the beginning of the year. TRADING STRATEGY: BUY GOLD FEB ABOVE 29290 TGT 29370/29470 SL 29190 SELL GOLD FEB BELOW 28870 TGT 28790/28690 SL 28970 YOUR MINTVISORY Tracking a slight up-tick in US crude oil futures, India crude oil prices edged up on Tuesday. Firm manufacturing data from the United States and China may have supported the prices while concerns over likely drop in US crude oil stockpiles were seen supporting the oil futures in the global market. Crude oil futures for January delivery on NYMEX was seen trading with a gain of 27 cents at $94.09 per barrel as of 16.56 IST on Tuesday. Crude oil futures for December delivery on India's Multi Commodity Exchange (MCX) was seen trading with a gain of 0.62% at Rs.5888 per barrel as of 16.46 IST on Tuesday. Call us at +91-731-6642300
  5. 5. DAILY REPORT 04th DECEMBER. 2013 NCDEX RECOMMENDATIONS CASTORSEED NCDEX INDICES Index Value % Change Barley 1320.5 -2.11 Castor Seed 4947 -0.30 Chana 2934 -2.43 Chilli 6740 -0.24 Coriander 7478 -1.19 Cotton Seed Oilcake 1398 -0.64 12355 -0.10 Mustard seed 3684 -0.57 Ref Soya Oil 704.5 -1.10 Turmeric 4974 -0.16 Jeera BUY CASTORSEED ABOVE 4365 TGTS 4395/4435 SL 4325 SELL CASTORSEED BELOW 4330 TGTS 4300/4260 SL 4380 NCDEX ROUNDUP With the commercialization of the new Pusa Basmati 1509 variety, exports of basmati rice from India are set to exceed four mn tonnes (mt) this year, 11% more than last year. DHANIYA Marking a 43%jump in value terms and a 20 per cent rise in volumes, spices exports increased from 314,835 tonnes valued at Rs 4,286 crore during the April-Sept. 2012 period to 378,755 tonnes worth Rs 6,118 crore during the same period this year. Notably, out of the 18 items in the export basket, only four recorded a decline during the period. Potato seed prices in West Bengal are high like never before. While the state government has been able to reign in high potato prices, the seed prices have increased abysmally on account of demand supply mismatch in Punjab. In the last one month potato seed prices have more than doubled from nearly Rs 17 per kg to Rs 50 per kg. SELL DHANIYA BELOW 7440 TGTS 7410/7370 SL 7490 BUY DHANIYA ABOVE 7550 TGTS 7580/7620 SL 7500 YOUR MINTVISORY With an increasing demand for palm oil, price risk management for a consuming nation as India is very important. NCDEX crude palm oil futures are ideal to meet the price risk management needs of the processors, traders, physical participants and end users. The NCDEX crude palm oil futures prices are highly co-related with Bursa Malaysia, where crude palm oil futures are actively traded. Call us at +91-731-6642300
  6. 6. DAILY REPORT 04th DECEMBER. 2013 CURRENCY RBI Reference Rate Currency Rate Currency Rupee- $ 62.3896 Yen-100 Euro 84.7547 GBP GBP/INR Rate 61.1000 101.8011 CURRENCY ROUNDUP The Indian rupee fell on Tuesday as the dollar gained after strong U.S. economic data sparked expectations of an early tapering of the Federal Reserve stimulus, but a sharp easing in the current account deficit capped wider losses. Talk of tapering also disrupted the yen's decline, which has been propelled by speculation of more carry-trades on the back of improving risk sentiment. The dollar fell about one percent to 102.40 yen from Tuesday's six-month high of 103.38 yen. The euro was steadier at $1.3595, not far from one-month high of $1.3622 hit last week. The yen was squeezed higher across the board early in Asia on Wednesday, enjoying a bit of a reprieve as investors locked in profits ahead of major risk events including U.S. jobs data due later in the week. BUY GBP/INR ABOVE 103.02 TGTS 103.18,103.48 SL 102.50. SELL GBP/INR BELOW 102.21 TGTS 102.02,101.77 SL 102.76. JPY/INR The Reserve Bank of India said on Tuesday it accepted all 29 bids for 108.59 billion rupees at its one-day reverse repo auction through which it absorbs excess liquidity from the banking system. Indian banks' refinancing with RBI falls to 242.33 billion rupees. Indian banks' cash balances with RBI rise to 3.28 trillion rupees. The Australian dollar weakened slightly in early trade Wednesday ahead of third quarter gross domestic product data expected to show a pickup from the previous quarter. Overnight, profit taking sent the dollar falling against most major currencies as investors waited on the sidelines for the release of the November jobs report on Friday. The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.02% at 80.64. BUY JPY/INR ABOVE 61.27 TGTS 61.42, 61.57 SL 60.81. SELL JPY/INR BELOW 60.74 TGTS 60.55, 60.26 SL 61.30. YOUR MINTVISORY Today on Wednesday, the U.S. is to release the ADP report on private-sector job creation, while the Institute of Supply Management is to release its service-sector purchasing managers' index. The U.S is also to publish data on new home sales and data on its trade balance. Call us at +91-731-6642300
  7. 7. DAILY REPORT 04th DECEMBER. 2013 CALL REPORT PERFORMANCE UPDATES Date Commodity/ Currency Contract Strategy Entry Level Target Stop Loss Remark FEB. BUY 29130 29230-29250 29010 SL TRIGGERED MCX GOLD FEB. SELL 28620 28250-28400 28740 NOT EXECUTED MCX SILVER MAR. BUY 45400 45600-45900 45100 NOT EXECUED 03/12/13 MCX SILVER MAR. SELL 44300 44100-43800 44600 BOOOKED FULL PROFIT 03/12/13 NCDEX CASTOR SEED JAN. SELL 4345 4315-4265 4395 NOT EXECUTED 03/12/13 NCDEX CASTOR SEED JAN. BUY 4410 4450-4490 4390 BOOKED PROFIT 03/12/13 NCDEX DHANIYA DEC. SELL 7480 7450-7400 7530 BOOKED PROFIT 03/12/13 NCDEX DHANIYA DEC. BUY 7670 7700-7750 7620 NOT EXECUTED 03/12/13 GBP/INR DEC. SELL 102.38 102.13-101.95 103.05 NOT EXECUTED 03/12/13 GBP/INR DEC. BUY 103.15 103.40-103.65 102.60 NOT EXECUTED 03/12/13 EUR/INR DEC. SELL 84.67 84.45-84.28 85.05 NOT EXECUTED 03/12/13 EURINR DEC. BUY 85.65 85.79-86.00 85.05 NOT EXECUTED 03/12/13 MCX GOLD 03/12/13 03/12/13 Date Scrip CASH/FUTURE Strategy Entry Level Target Stop Loss Remark 03/12/13 NIFTY FUTURE BUY 6240-6250 6280-6300 6210 CALL OPEN 03/12/13 RANBAXY FUTURE BUY 445-450 455-465 440 BOOKED PROFIT 03/12/13 HCL TECH FUTURE BUY 1125-1130 1145-1160 1115 SL TRIGGERED 03/12/13 JINDAL PHOTO CASH BUY 122 117 127-134 BOOKED FULL PROFIT 02/12/13 NIFTY FUTURE BUY 6240 6280-6350 6170 CALL OPEN 02/12/13 RECL FUTURE BUY 225.228 232-236 220 BOOKED PROFIT 29/11/13 TATASTEEL FUTURE BUY 405 415-425 369 BOOKED PROFIT 29/11/13 VOLTAS BUY 108-110 115-120 104 BOOKED PROFIT CASH US ECONOMIC REPORT TIME (ET) REPORT 8:15 AM 8:30 AM 10 AM 10 AM 2 PM ADP EMPLOYMENT TRADE DEFICIT ISM NONMANUFACTURING NEW HOME SALES BEIGE BOOK 8:30 AM 8:30 AM 10 AM WEEKLY JOBLESS CLAIMS GDP REVISION FACTORY ORDERS PERIOD ACTUAL WEDNESDAY, DEC. 04 NOV. OCT. NOV. OCT.. CONSENSUSFORECAST PREVIOUS 176,000 -$40.5 BLN 55.5% 428,000 130,000 -$41.8 BLN 55.4% 421,000 N/A 3.1% -0.7% N/A 2.8% 180,000 7.2% 0.3% 0.2% 0.1% 74.0 204,000 7.3% 0.5% 0.2% 0.1% THURSDAY, DEC. 05 11/30 3Q OCT. 1.7% FRIDAY, DEC. 06 8:30 AM 8:30 AM 8:30 AM 8:30 AM 8:30 AM 9:55 AM NONFARM PAYROLLS UNEMPLOYMENT RATE PERSONAL INCOME CONSUMER SPENDING CORE PCE PRICE INDEX UMICH CONSUMER SENTIMENT INDEX NOV. NOV. OCT. OCT. OCT. DEC. 72.0 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 informat ion 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