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Special report by epic research 5 febuary 2014


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Special report by epic research 5 febuary 2014

  1. 1. DAILY REPORT 5th FEBRUARY. 2014 Global markets at a glance the Nikkei .N225 managed to rally 1.5 percent to 14,221 after a couple of days of punishing selling. But it faces stiff resistance at the 200-day moving average of 14,425,The index had shed 14 percent since the start of the year following last year's 50 percent boom. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS eked out a 0.16 percent gain, while South Korea added 0.5 percent .KS11. Europe's top shares .FTEU3 pared early losses to end 0.17 percent lower World Indices Wall Street Update At the close of U.S. trading, the Dow Jones Industrial Average rose 0.47%, the S&P 500 index rose 0.76%, while the Nasdaq Composite index rose 0.86%. The ISM's manufacturing purchasing managers' index came in at 51.3 in January, down from 57.0 in December. Leading Dow Jones Industrial Average performers included Merck, up 2.71%, DuPont, up 2.43%, and Pfizer, up 2.39%. The Dow Jones Industrial Average's worst performers included United Technologies, down 1.15%, Boeing, down 0.95%, and UnitedHealth, down 0.57.%. Top Gainers Company Previous day Roundup After being hammered down for most part of the trading day, the market managed to wipe out its gain just before winding up for the day. The Nifty closed at 6000.90, down 0.90 points while the Sensex was up 2.67 points at 20211.93. Bharti Airtel , NTPC and Tata Motors gained around 3 percent each. Other gainers in the Sensex are Bajaj Auto and SBI. M&M lost 3.5 percent while GAIL shed 3 percent. Among the laggards were BHEL, Dr Reddy's Labs and TCS HCLTECH NMDC M&M GAIL DRREDDY Index stats The Market was volatile in yesterday session where Bankex and Bank Nifty both closed almost flat (UP 0.90% and UP 0.88 %respectively). Among the sartorial indices the sectors which were are up consumer Durables [ up 25.60 pts] Capital Good [up 14.91pts], PSU [up 23.03 pts], ,Consumer FMCG [up 50.14pts] Realty [up 6.76 Pts], power [up 10.53 pts] the Auto [ up 65.08 pts], and down were Healthcare [down –63.16 pts], IT [down-166.10 pts] Metals [down -44 pts], TECK [down –49.99 pts] Oil& Gas [down -10 pts]. Index Value % Change 15445.24 +0.47 S&P 500 1755.20 +0.76 NASDAQ EURO STO FTSE 100 4031.52 2962.49 6449.27 +0.86 -0.05 -0.25 Nikkei 225 Hong Kong 14197.63 21482.43 +1.35 +0.40 DJl Company CMP Change % Chg NTPC 130.60 4.60 3.65 PNB 569.00 19.40 3.53 BHARTIAIRTEL 315.00 9.15 2.99 TATAMOTORS 346.10 9.70 2.8 RANBAXY 322.65 7.85 4.49 CMP Change % Chg 1402.55 137.70 858.00 356.00 2592.65 -50.35 -4.60 -26.85 -9.20 -60.50 -3.47 -3.47 -3.03 -2.52 -2.28 Prev. Close Change %Chg 469.15 11.25 2.40 63.35 3.25 4.97 1313.05 24.00 1.83 122.80 6.10 4.97 Prev. Close Change %Chg 52.10 913.55 -0.25 6.45 -0.48 0.71 CMP Change % Chg 6000.90 -0.90 -0.01 20211.93 2.67 0.01 Top Losers Stocks at 52 Week’s high Symbol AUROPHARMA GATI DIVISLAB GLOBOFFS Stocks at 52 Week’s Low Symbol IBREALEST BEL Indian Indices Company NIFTY SENSEX YOUR MINTVISORY Call us at +91-731-6642300
  2. 2. DAILY REPORT 5th FEBRUARY. 2014 EQUITY CASH & FUTURE STOCK RECOMMENDATIONS [FUTURE] 1.VOLTAS FUTURE STOCK RECOMMENDATION [CASH] 1.GRANULES INDIA LTD VOLTAS FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 110 levels. We advise buying around 110 levels with strict stop loss 108 for the targets of 112-115 levels. GRANULES INDIA LTD is looking strong on charts. We advice buying above 265 levels with strict stoploss of 250 for the targets of 280-295 levels. 2.HCL TECH FUTURE HCL TECH FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it sustains below 1400 levels. We advise selling below 1400 levels with strict stop loss 1440 for the targets of 1370-1340 levels. YOUR MINTVISORY MACRO NEWS  South Korean carmaker Hyundai plans to reduce exports from its Chennai plant and focus on retaining its second position in the Indian market by pushing domestic sales.  State-run banks are worried that their commission for facilitating direct cash transfer of cooking gas subsidy will get blocked after the government delinked the scheme from Aadhaar cards. The direct benefit of transfer to LPG consumer (DBTL) scheme, under which participating banks receive 1% of the total transaction as commission  india-born Satya Nadella was yesterday named as the new CEO of 78 billion USD tech giant Microsoft and he attributed his leadership capabilities to playing cricket. 46-year-old Nadella, who takes over as the third CEO of the Redmond-based firm,  JPMorgan Chase & Co. will pay nearly $1.5 million to settle a federal sexual harassment lawsuit that alleged the company created a hostile work environment for female mortgage bankers at its office Columbus, Ohio. Call us at +91-731-6642300
  3. 3. DAILY REPORT FUTURE & OPTION 5th FEBRUARY. 2014 MOST ACTIVE PUT OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts ) NIFTY PE 5,900 54.4 3,13,826 56,00,350 NIFTY PE 6,000 87 2,68,873 69,91,800 BANKNIFTY PE 9,500 69.8 21,001 2,09,400 BANKNIFTY PE 10,000 185.2 20,711 2,94,075 RELIANCE PE 800 8.45 1,578 1,91,250 SBIN PE 1,350 7.95 1,465 82,125 TECHM PE 1,700 26.55 1,445 1,17,500 SBIN PE 1,500 46.9 5,333 4,06,875 Traded Volume (Contracts) STOCKS IN NEWS  Thomas Cook is looking to acquire Sterling Holidays at 36 percent premium  Sembcorp will acquire 45 percent in NCC Power for Rs 848 crore:  Divis Labs' Q3 net profit jumped to Rs 219 crore versus Rs 144.2 crore  Tata Chemicals reported Q3 consolidated net loss at Rs 15.9 crore versus profit of Rs 224 crore NIFTY FUTURE Open Interest Open Interest MOST ACTIVE CALL OPTION Symbol Option Type Strike Price LTP NIFTY CE 6,100 78.85 3,11,728 41,28,900 NIFTY CE 6,200 42.35 2,81,222 49,59,300 BANKNIFTY CE 10,500 191.25 21,588 1,88,100 BANKNIFTY CE 11,000 63.8 21,267 3,15,175 SBIN CE 1,550 46 7,035 3,36,750 SBIN CE 1,500 69 6,579 RELIANCE CE 820 24.5 2,075 TCS CE 2,300 15.85 1,906 Nifty Future closed in the green in the last trading ses3,02,500 sion. We advise buying around 6000-5980 levels with 1,68,750 strict stop loss of 5950 for the targets of 6050-6080 lev1,76,500 els. 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 67297 1982.35 76320 2249.60 387526 11513.52 -267.25 INDEX OPTIONS 558798 16431.38 515201 15208.47 1332648 39797.00 1222.90 STOCK FUTURES 53653 1613.74 52353 1619.02 996989 29421.51 -5.28 STOCK OPTIONS 43940 1224.42 44700 1244.39 36624 1019.19 -19.97 TOTAL 930.40 INDICES NIFTY NIFTYJUNIOR BANK NIFTY YOUR MINTVISORY S2 S1 PIVOT R1 R2 5899.5 5950.2 5984.0 6034.7 6068.5 11645.13 11780.21 11860.63 11995.71 12076.13 9841.0 10016.1 10119.1 10294.2 10397.2 Call us at +91-731-6642300
  4. 4. DAILY REPORT 5th FEBRUARY. 2014 COMMODITY MCX RECOMMENDATIONS SILVER TRADING STRATEGY: BUY SILVER ABOVE 43950 TGTS 44150/44450 SL 43550 SELL SILVER BELOW 43550 TGTS 43350/43050 SL 43950 GOLD COMMODITY ROUNDUP Gold held gains to extend the first monthly advance since August as concern that global growth may be faltering sent equity markets lower and boosted demand for haven assets. Bullion for immediate delivery rose as much as 0.2 percent to $1,259.98 an ounce, and traded at $1,257.04 at 8:48 a.m. in Singapore. Gold climbed as much as 1.8 percent to $1,266.41 yesterday, the highest level since Jan. 30, as the MSCI All-Country World Index of equities dropped 1.6 percent. Data yesterday showed that manufacturing from China to the U.S. and the U.K. slowed as a selloff in emerging-market stocks and currencies deepened. Bullion advanced 3.2 percent last month even as the U.S. Federal Reserve began to withdraw stimulus. “The manufacturing sector disappoints,” Lachlan Shaw, an analyst at Commonwealth Bank of Australia, wrote in an e-mail today. “Gold advanced on appeal of the precious metal as a safe-haven asset as global equity markets declined.” Investors may allocate 2 percent to 10 percent of their portfolio to gold in 2014, from the current level of 1 percent, as they diversify holdings, Juan Carlos Artigas, director of investment research at the World Gold Council, said yesterday. Gold for April delivery lost 0.2 percent to $1,257.90 on the Comex, after gaining 1.6 percent yesterday, the most since Jan. 23. Assets in the SPDR Gold Trust, the biggest exchange -traded product backed by bullion, were unchanged for a second day yesterday after increasing for two days in the longest run of gains since December 2012. TRADING STRATEGY: BUY GOLD(APR) ABOVE 28800 TGTS 28880/28980 SL 28680 SELL GOLD(APR) BELOW 28600 TGTS 28520/28420 SL 28720 YOUR MINTVISORY Silver increased 0.1 percent to $19.3663 an ounce, rising for a third day. Palladium was at $702.93 an ounce from $702.50 yesterday, when prices retreated a 10th day in the longest run of losses since October 2001. Platinum added 0.2 percent to $1,384.75 an ounce. The world’s largest platinum producers are reviewing a proposal on wages as negotiators seek to resolve a dispute with a South African union that has been on strike since Jan. 23. Copper futures rose, snapping the longest slump in 18 years, as the dollar’s decline boosted the investment appeal of commodities. new order growth fell at its fastest rate in 33 years, with the new orders index dropping to 51.2 from 64.4 in December. The employment index fell from 55.8 in December to 52.3, the weakest since June. Call us at +91-731-6642300
  5. 5. DAILY REPORT 5th FEBRUARY. 2014 NCDEX RECOMMENDATIONS CASTORSEED NCDEX INDICES Index Value % Change Castor Seed 4076 0.25 Chana 2845 1.07 Coriander 8050 -0.27 Cotton Seed Oilcake 1532 0.07 1157.5 0.25 Maize– Feed/Industrial Grade 1184 0.00 Mustard seed 3294 0.21 Soy Bean 3908 1.37 Turmeric 7432 1.23 Jeera BUY DHANIYA FEB ABOVE 8085 TGTS 8115,8165 SL 8035 SELL DHANIYA FEB BELOW 8000 TGTS 7970,7920 SL 8050 DHANIYA NCDEX ROUNDUP Chana prices rose by 1.01 per cent to Rs 3,013 per quintal in futures trade yesterday as traders enlarged their holdings on account of the good demand in the spot market. At the National Commodity and Derivatives Exchange, chana for April delivery rose by Rs 30, or 1.01 per cent, to Rs 3,013 per quintal, with an open interest for 72,810 lots. The February contract added Rs 17, or 0.60 per cent, to Rs 2,832 per quintal, with an open interest of 52,310 lots. Coriander prices rose by 1.13 per cent to Rs 8,173 per quintal in futures trade yesterday as speculators enlarged their positions supported by rising demand in the spot markets amid limited stocks on account of restricted arrivals from the major growing belts. Sentiment improved further as the investors enlarged their At the National Commodity and Derivative Exchange, coriander for February delivery gained Rs 91, or 1.13 per cent, to Rs 8,173 per quintal with an open interest of 27,900 lots. The April contract was up Rs 37, or 0.42 per cent, to Rs 8,920 per quintal, with an open interest of 27,060 lots. BUY CASTORSEED FEB ABOVE 4135 TGTS 4165,4215 SL 4085 SELL CASTORSEED FEB BELOW 4030 TGTS 4000,3950 SL 4080 YOUR MINTVISORY Potato prices edged higher by 0.63 per cent to Rs 1,060 per quintal in futures market today as speculators increased their positions amid a firming trend at spot markets on strong demand amid restricted arrivals. Call us at +91-731-6642300
  6. 6. DAILY REPORT 5th FEBRUARY. 2014 CURRENCY RBI Reference Rate Currency Rate Currency Rupee- $ 62.6815 Yen-100 Euro 84.7805 GBP EUR/INR SELL EUR/INR BELOW 84.81 TGTS 84.68, 84.53 SL 85.11. BUY EUR/INR ABOVE 85.36 TGTS 85.50, 85.65 SL 85.06. USD/INR Rate 62.1200 101.9765 CURRENCY ROUNDUP In U.S. trading on Tuesday, EUR/USD was down 0.09% at 1.3516. The dollar and U.S. stock markets took a beating on Monday after the Institute for Supply Management said its manufacturing index fell to a seven-month low in January. The ISM's manufacturing purchasing managers' index came in at 51.3 in January, down from 57.0 in December. Analysts were expecting the index to inch down to 56.4 in January. The report added new order growth fell at its fastest rate in 33 years, with the new orders index dropping to 51.2 from 64.4 in December. The employment index fell from 55.8 in December to 52.3, the weakest since June. Also on Monday, U.K.-based Markit Economics reported that its U.S. manufacturing PMI came in at a three-month low of 53.7 for January, missing expectations for a 53.8 reading. The soft numbers reminded investors that the Federal Reserve will trim its USD65 billion monthly bond-buying program on a gradual basis, or even leave it on hold if need be, while policy tightening remains far off on the horizon. Stimulus tools tend to weaken the dollar by suppressing interest rates to spur recovery. On Tuesday, however, the dollar regained ground, especially on sentiments that harsh winter weather may have played a role in the economic indicator's poor showing, though capping gains were fears that winter storms notwithstanding, the U.S. economy still may be facing a soft patch. Elsewhere, the Commerce Department reported earlier Tuesday that U.S. factory orders fell 1.5% in January, better than expectations for a decline of 1.7%. SELL USD/INR BELOW 62.74 TGTS 62.61, 62.47 SL 63.03. BUY USD/INR ABOVE 63.18 TGTS 63.31, 63.45 SL 62.89. YOUR MINTVISORY The dollar was up against the yen, with USD/JPY up 0.66% at 101.65, and up against the Swiss franc, with USD/CHF up 0.38% at 0.9042. Profit-taking meanwhile sent the yen falling, especially as U.S. and other stock markets recovered from the recent selloff. The yen has served as the safehaven currency of choice amid ongoing concerns that emerging markets will remain volatile due to a possible slowdown in China. Call us at +91-731-6642300
  7. 7. DAILY REPORT 5th FEBRUARY. 2014 CALL REPORT PERFORMANCE UPDATES Date Commodity/ Currency Pairs Contract Strategy Entry Level Target Stop Loss Remark 04/02/14 MCX GOLD FEB. BUY 29050 29130-29230 28940 NOT EXECUTED 04/02/14 MCX GOLD FEB. SELL 28850 28770-28670 28960 BOOKED FULL PROFIT 04/02/14 MCX SILVER MAR. BUY 43950 44150-44450 43550 NOT EXECUTED 04/02/14 MCX SILVER MAR. SELL 43550 43350-43050 43950 NO PROFIT NO LOSS 04/02/14 NCDEX CASTOR SEED FEB. BUY 4120 4150-4200 4070 NOT EXECUTED 04/02/14 NCDEX CASTOR SEED FEB. SELL 4040 4010-3960 4090 SL TRIGGERED 04/02/14 NCDEX DHANIYA FEB. BUY 8150 8180-8230 8100 BOOKED PROFIT 04/02/14 NCDEX DHANIYA FEB SELL 8015 8085-8035 8065 BOOKED FULL PROFIT 04/02/14 GBP/INR JAN. SELL 102.60 102.46-102.31 102.90 BOOKED FULL PROFIT 04/02/14 GBP/INR JAN. BUY 103.40 103.55-103.69 103.11 NOT EXECUTED 04/02/14 EUR/INR JAN. SELL 84.86 84.73-84.59 85.15 NO PROFIT NO LOSS 04/02/14 EUR/INR JAN. BUY 85.36 85.50-85.66 85.07 NOT EXECUTED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 04/02/14 NIFTY FUTURE SELL 6080 6040-6000 6140 NOT EXECUTED 04/02/14 LUPIN FUTURE BUY 925 945-955 910 CALL OPEN 04/02/14 BAJAJ AUTO FUTURE SELL 1830 1800-1770 1860 BOOKED PROFIT 04/02/14 SOMANY CERAMICS LTD CASH BUY 132 142-152 125 SL TRIGGERED 03/02/14 APOLLO TYRE FUTURE BUY 113 116-118 111 CALL OPEN YOUR MINTVISORY Call us at +91-731-6642300
  8. 8. DAILY REPORT ECONOMIC CALENDAR 5th FEBRUARY. 2014 NEXT WEEK'S U.S. ECONOMIC REPORTS TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS MONDAY, FEB. 3 10 AM ISM JAN. 57.0% 10 AM CONSTRUCTION SPENDING DEC. 1.0% TBA MOTOR VEHICLE SALES JAN. 15.4 MLN TUESDAY, FEB. 4 10 AM FACTORY ORDERS DEC. 1.8% WEDNESDAY, FEB.5 10 AM ISM NONMANUFACTURING JAN. 53.0% THURSDAY, FEB. 6 8:30 AM WEEKLY JOBLESS CLAIMS 2/1 N/A 8:30 AM TRADE DEFICIT DEC. -$34.3 BLN 8:30 AM PRODUCTIVITY 4Q 3.0% FRIDAY ,FEB 7 8:30 AM NONFARM PAYROLLS JAN. 74,000 8:30 AM UNEMPLOYMENT RATE JAN. 6.7% 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