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Special report by epic research 6 january 2014


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Special report by epic research 6 january 2014

  1. 1. DAILY REPORT 06th JANUARY. 2013 Global markets at a glance European stocks rose on Friday, recouping some steep losses suffered in the first session of the year . The FTSEurofirst 300 index of top European shares ended 0.5 percent higher at 1,312.15pts, recovering some poise after a 0.8% drop on Thursday. European equities enjoyed record net inflows of $16.3 bn from U.S. investors in 2013. Asian shares fell to a two-week low on Monday after growth in China's services sector slowed sharply last month, raising concerns about the pace of recovery the Nikkei share average stumbled 2.2 percent in the first trading day of 2014. Wall Street Update US stocks ended a volatile session mostly flat on Friday as investors digested comments from Federal Reserve officials that raised questions about how quickly the central bank will end its stimulus program. Wall Street opened higher but subsequently pared gains after Philadelphia Fed President said the Fed faced "immense" challenges now that it had reduced bond-buying, and that it needed to be cognizant of a potential rapid rise in future inflation. The Dow Jones industrial average was up 28.64 points, or 0.17%, at 16,469.99. The Standard & Poor's 500 Index was down 0.62 points, or 0.03%, at 1,831.36. The Nasdaq Composite Index was down 11.16 points, or 0.27%, at 4,131.91. Previous day Roundup The benchmark BSE index fell 0.18%, or 37 points, to end at 20,851.33 and a weekly fall of 1.6%. The broader NSE index fell 0.16%, or 10points, to end at 6,211.15. Index stats The Market was very volatile in yesterday session where Bankex and Bank Nifty both closed almost flat (up 0.01% and down 0.01% respectively). Among the sartorial indices almost the sectors which were down are; Capital Goods [down 170.66pts], AUTO [down 140.65pts], PSU [down 69.48pts],Oil & Gas [down 110.23pts], Metals [down 118.38pts], Power [down 29.03pts], and the index advanced were Consumer Durables [up 28.20pts], IT [up 197.72pts], Healthcare [up 69.23pts], FMCG [up 20.13pts] Realty [up 12.26pts], TECK [up 98.65pts]. YOUR MINTVISORY World Indices Index Value % Change 16,469.99 +0.17 S&P 500 1,831.37 -0.03 NASDAQ EURO STO FTSE 100 4,131.91 3,074.43 6,730.67 -0.27 +0.47 +0.19 Nikkei 225 Hong Kong 16,291.31 22,817.28 +0.69 -2.24 DJl Top Gainers Company CMP Change % Chg RANBAXY 481.15 18.60 +4.02 LUPIN 935.00 29.00 +3.20 TCS 2,224.10 57.10 +2.63 INFY 3,561.20 80.65 +2.32 MARUTI 1,807.00 38.60 +2.18 CMP Change % Chg 83.90 901.15 363.00 165.80 132.05 3.45 34.95 9.35 3.90 2.85 -3.95 -3.73 -2.51 -2.30 -2.11 Prev. Close Change %Chg BIOCON 483.00 22.75 +4.94 DIVISLAB 1,251.20 17.00 +1.38 INFY 3,561.20 80.65 +2.32 JUSTDIAL 1,643.70 153.25 +10.28 78.40 0.30 +0.38 Prev. Close Change %Chg CMP Change % Chg 6,211.15 20,851.33 -10.00 -37.00 -0.16 -0.18 Top Losers Company TATAPOWER M&M TATAMOTORS BHEL NTPC Stocks at 52 Week’s high Symbol TVSMOTOR Stocks at 52 Week’s Low Symbol -- Indian Indices Company NIFTY SENSEX Call us at +91-731-6642300
  2. 2. DAILY REPORT 06th JANUARY. 2013 EQUITY CASH & FUTURE STOCK RECOMMENDATIONS [FUTURE] 1. BIOCON STOCK RECOMMENDATION [CASH] 1. FINANCIAL TECH BIOCON FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it continues to sustain above 490. We advise buying above 490 levels with strict stop loss 485 for the targets of 495-499 levels. FINANCIAL TECH is looking strong on charts. We advice buying above 236 levels with strict stop loss of 225 for the targets of 245-255 levels. 2. TATA POWER MACRO NEWS  China willing to partner in proposed Andhra Pradesh manufacturing zone.  Sugarcane growers to get incentive of Rs 150 per tonne.  GMR project could be revived to safeguard Indian investments: Maldivian President Abdulla Yameen.  A research note by Nomura cites data by the Centre for Monitoring the Indian Economy to show a marginal uptick in investments. New investment projects rose to 4.9% of GDP in the Oct.-Dec. quarter of 2013 from 3.6% in the previous quarter, marking a reversal in the secular decline in investments from the peak of 2007.  RCom on Friday repaid an overseas debt ofRs 3,100 crore ($500 million).  Infosys will separate its new-generation business into a subsidiary.  IOC Ups Petrol price by Rs 0.75/Litre .  Lakshmi Vilas Bank board approves rights issue of up to Rs 650 Cr.  Future Lifestyle to acquire 27.50% stake in Resource World Exim. TATA POWER FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it continues to sustain below 85. We advise selling on rise around 85 levels with strict stop loss 87 for the targets of 83-81 levels. YOUR MINTVISORY Call us at +91-731-6642300
  3. 3. DAILY REPORT FUTURE & OPTION 06th JANUARY. 2013 STOCKS IN NEWS  Nestle may invest up to $1bn to hike stake in India arm.  Oil and Natural Gas Corporation has struck a gas and oil reserve in the KG DWN 98/2 block it bought from Cairn India.  Reliance Industries to increase KG-D6 gas output.  Vodafone eyes Tata Tele; will beat Airtel to become largest telco by subscribers if it succeeds.  Kingfisher employees to go on hunger strike from January 6 . MOST ACTIVE PUT OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY PE 6,200 74.55 3,14,699 42,52,700 NIFTY PE 6,100 44.70 2,80,808 37,42,000 NIFTY PE 6,000 25.70 1,91,062 38,29,900 BANK NIFTY PE 11,000 172.40 18,172 1,79,750 SBIN PE 1,700 43.45 4,216 3,48,500 INFY PE 3,500 108.95 2,309 2,35,750 RELIANCE PE 860 15.90 2,092 2,80,000 ICICIBANK PE 1,060 27.95 1,503 83,750 NIFTY FUTURE MOST ACTIVE CALL OPTION Symbol Option Type Strike Price LTP Traded Volume (Contracts) Open Interest NIFTY CE 6,300 78.95 3,02,974 41,30,050 NIFTY CE 6,400 42.70 2,54,021 38,01,250 NIFTY CE 6,500 21.35 1,99,562 53,94,100 BANKNIFTY CE 11,500 198.00 18,946 1,45,245 SBIN CE 1,800 26.00 7,628 6,89,375 RELIANCE CE 900 11.85 4,221 10,40,000 TCS CE 2,200 81.00 2,287 1,40,500 ICICIBANK CE 1,100 27.50 2,257 2,71,250 INFY CE 3,600 136.00 2,117 2,58,000 Nifty Future closed in the green in the last trading session. We advise buying around 6230-6250 with strict stop loss of 6200 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 62915 1936.11 82190 2544.85 398939 12353.15 -608.74 INDEX OPTIONS 453213 13864.69 416165 12773.95 1085493 33620.84 1090.73 STOCK FUTURES 54458 1836.96 65855 2142.11 981021 31233.17 -305.15 STOCK OPTIONS 38880 1178.68 39793 1204.90 40474 1270.68 -26.22 TOTAL 150.62 INDICES NIFTY S2 S1 PIVOT R1 R2 6150.91 6181.03 6201.36 6231.48 6251.81 NIFTYJUNIOR 12598.43 12690.76 12742.28 12834.61 12886.13 BANK NIFTY 10992.01 11086.83 11147.41 11242.23 11302.81 YOUR MINTVISORY Call us at +91-731-6642300
  4. 4. DAILY REPORT 06th JANUARY. 2013 COMMODITY MCX RECOMMENDATIONS SILVER COMMODITY ROUNDUP Gold February 14 contract was up by 1.37% to Rs 28968.00 per 10 grams, GoldM January 14 contract was up by 1.73% to Rs 29975.00 per 10 grams, Gold-guinea January 14 contract was up by 0.82% to Rs 23612.00 per 8 grams, GoldPetal February 14 contract was up by 0.97% to Rs 2905.00 per gram and Gold-Petal Del February 14 contract was down by 0.61% to Rs 2933.00 per gram. Silver March 14 contract was up by 1.28% to Rs 45348.00 per kg, SilverM February 14 contract was up by 1.29% to Rs 45377.00 per kg and SilverMic February 14 contract was up by 1.29% to Rs 45379.00 per kg. U.S. Gold advanced 0.5% a near three-week high of about $1,242.3 an ounce, heading for a fifth-day of gains. The precious metal suffered a 28 percent slump in 2013, its worst yearly performance since 1981, largely due to the Fed's plan to unwind its stimulus program. TRADING STRATEGY: BUY SILVER ABOVE 45850 TGTS 46050/46350 SL 45500 SELL SILVER BELOW 45250 TGTS 45050/44750 SL 45600 GOLD U.S. crude futures gained 0.2% to above $94 a barrel, coming off a four-week low set on Friday after data showed a larger-than-expected build in distillates. Crude oil January 14 contract was down by 2.95% to Rs 6016.00 per barrel, Brent crude oil January 14 contract was down by 0.65% to Rs 6853.00 per barrel and Natural gas January 14 contract was down by 3.58% to Rs 269.50 per MMBTU. Oil prices dropped on Friday as the market braced for rising Libyan output, while soft Chinese service-sector data softened demand for the growth-sensitive commodity as well. Oil prices largely ignored an otherwise bullish U.S. supply report. On the New York Mercantile Exchange, West Texas Intermediate crude for delivery in February traded at USD94.17 a barrel during U.S. trading, down 1.33%. New York-traded oil futures hit a session low of USD93.38 a barrel and USD95.74 a barrel. TRADING STRATEGY: BUY GOLD ABOVE 29250 TGTS 29330/29450 SL 29150 SELL GOLD BELOW 29000 TGTS 28920/28820 SL 29101 YOUR MINTVISORY Copper prices fell by 0.23% to Rs 468.60 per kg in futures trade yesterday as speculators trimmed positions, tracking a weak global trend. At the MCX, copper for delivery in February fell by Rs 1.10, or 0.23%, to Rs 468.60 per kg in business turnover of 1772 lots. Call us at +91-731-6642300
  5. 5. DAILY REPORT 06th JANUARY. 2013 NCDEX RECOMMENDATIONS CASTORSEED NCDEX INDICES Index Value % Change Castor Seed 4479 -0.29 Chana 3048 -0.36 Coriander 7980 +0.76 Cotton Seed Oilcake 1506 -0.13 12722.5 +0.00 Maize– Feed/ Industrial Grade 1200 +0.25 Mustard seed 3547 -0.25 Soy Bean 3770 -0.19 Turmeric 6740 -0.33 Jeera BUY CASTORSEED FEB ABOVE 4600 TGTS 4630,4680 SL 4550 SELL CASTORSEED FEB BELOW 4480 TGTS 4450,4400 SL 4530 DHANIYA BUY DHANIYA JAN ABOVE 8000 TGTS 8030,8080 SL 7950 SELL DHANIYA JAN BELOW 7800 TGTS 7770,7720 SL 7850 YOUR MINTVISORY NCDEX ROUNDUP Coriander prices gained 2.06% to Rs 8,010 per quintal in futures market today as speculators enlarging their positions, tracking a firm trend at spot market on pick up in demand against tight supply. At the Ne, coriander for delivery in January rose by Rs 162, or 2.06% to Rs 8,010 per quintal with an open interest of 14,330 lots. Similarly, the spice for delivery in February traded higher by Rs 118, or 1.42% to Rs 8,400 per quintal in 21,190 lots. Apart from a firm trend at spot market on pick up in demand, limited arrivals from producing belts, mainly led to rise in coriander prices at futures trade. Chana prices declined by 0.42% to Rs 3,061 per quintal in futures trading yesterday as participants trimmed positions, triggered by increased supplies from producing regions. At the NCDEX chana for delivery in January declined by Rs 13, or 0.42%, to Rs 3,061 per quintal with an open interest of 65,900 lots. Similarly, the commodity for delivery in February traded lower by similar margin to Rs 3,116 per quintal in 58,850 lots. Participants trimmed positions, triggered by increased supplies from producing regions against low demand in the spot market mainly weighed on chana prices at futures trade. Call us at +91-731-6642300
  6. 6. DAILY REPORT 06th JANUARY. 2013 CURRENCY RBI Reference Rate Currency Rate Currency Rupee- $ 62.4075 Yen-100 Euro 85.1950 GBP Rate 59.9000 102.5355 EUR/INR CURRENCY ROUNDUP The rupee bounced back from a one-month low to post its first gain in the New Year, rising 10 paise to close at 62.16 against the dollar Friday after the RBI was said to have sold the US currency. Strong foreign fund inflows into stocks and a recovery in local equities after initial losses also supported the rupee. At the interbank foreign exchange market, the rupee opened lower at 62.38 a dollar from yesterday's close of 62.26, a one-month low. It dropped further to 62.56 amid a fall in local stocks and dollar demand from importers. The rupee bounced back to a high of 62.14 as local equities recovered and ended at 62.16, a rise of 10 paise or 0.16 percent. During the last few hours, rupee started gaining, helped by RBI as it sold dollars in the market. Overall in this week, rupee has depreciated by around 1.2 percent. SELL EUR/INR BELOW 85.24 TGTS 85.09, 84.91 SL 85.64. BUY EUR/INR ABOVE 85.87 TGTS 86.02, 86.19 SL 85.47. The RBI fixed the reference rate for the dollar at 62.4075 and for the euro at 85.1950. The rupee recovered to 102.33 against the pound from 102.97 yesterday and turned positive to end at 84.79 per euro from 85.21. It dropped further to 59.51 per 100 Japanese yen from 59.07. GBP/INR Euro extends slide after second-half rally. The euro, the top -performing major currency of 2013, shed 0.6 percent to 142.38 yen, extending losses in the wake of its 1.2 percent slide the previous day. The euro has retreated from a fiveyear peak of 145.67 yen set last Friday. The dollar rose broadly on Friday, buoyed by comments made by outgoing Federal Reserve Chairman. The dollar fell as low as 104.05 yen, but later erased losses to last trade flat at 104.74 yen, remaining below a five-year high of 105.44 yen set on Thursday. Japanese market players are out for New Year holidays until next week. The dollar gained ground after comments made by the Fed's Bernanke. SELL GBP/INR BELOW 102.85 TGTS 102.70,102.54 SL 103.25. BUY GBP/INR ABOVE 103.54 TGTS 103.69, 103.87 SL 103.14. YOUR MINTVISORY The yen got some respite against the dollar, up 0.6 percent at 104.275 yen, not far from a two-week high of 104.08 yen touched last Friday. Call us at +91-731-6642300
  7. 7. DAILY REPORT 06th JANUARY. 2013 CALL REPORT PERFORMANCE UPDATES Date Commodity/ Currency Pairs Contract Strategy Entry Level Target Stop Loss Remark 03/01/14 MCX GOLD FEB. BUY 29000 29080-29180 28880 BOOKED FULL PROFIT 03/01/14 MCX GOLD FEB. SELL 28840 28760-28660 28950 SL TRIGGERED 03/01/14 MCX SILVER MAR. BUY 45500 45700-46000 45100 BOOKED PROFIT 03/01/14 MCX SILVER MAR. SELL 45100 44900-44600 45450 SL TRIGGERED 03/01/14 NCDEX CASTOR SEED FEB. SELL 4470 4440-4390 4520 BOOKED FULL PROFIT 03/01/14 NCDEX CASTOR SEED FEB. BUY 4605 4635-4685 4555 NOT EXECUTED 03/01/14 NCDEX DHANIYA JAN. SELL 7800 7770-7720 7850 BOOKED PROFIT 03/01/14 NCDEX DHANIYA JAN. BUY 7950 7980-8030 7900 BOOKED FULL PROFIT 03/01/14 JPY/INR JAN. SELL 58.94 58.81-58.64 59.29 NOT EXECUTED 03/01/14 JPY/INR JAN. BUY 59.60 59.74-58.93 59.25 NOT EXECUTED 03/01/14 EUR/INR JAN. SELL 85.35 85.18-85.02 75 NOT EXECUTED 03/01/14 EURINR JAN. BUY 85.83 85.98-86.11 85.43 SL TRIGGERED Date Scrip CASH/ FUTURE/ OPTION Strategy Entry Level Target Stop Loss Remark 03/01/14 NIFTY FUTURE SELL 6240 6220-6190 6265 CALL OPEN 03/01/14 ADANIENT. FUTURE SELL 254 250-245 260 BOOKED PROFIT 03/01/14 ASIAN PAINT FUTURE SELL 481 476-470 488 SL TRIGGERED 03/01/14 CASTROL CASH BUY 320 325-330 314 NOT EXECUTED 27/12/13 TATA STEEL FUTURE BUY 428 434-438 422 BOOKED PROFIT YOUR MINTVISORY Call us at +91-731-6642300
  8. 8. DAILY REPORT 06th JANUARY. 2013 ECONOMIC CALENDAR NEXT WEEK'S U.S. ECONOMIC REPORTS TIME (ET) REPORT PERIOD ACTUAL CONSENSUS FORECAST PREVIOUS MONDAY, JAN . 06 10 am ISM nonmanufacturing Dec. 54.6% 53.9% 10 am Factory orders Nov. 1.6% -0.9% -$39.9 bln -$40.6 bln 230,000 215,000 -- $18.2 bln N/A 339,000 TUESDAY, JAN. 07 8:30 am Trade deficit Nov. WEDNESDAY, JAN. 08 8:15 am ADP employment Dec. 2 pm FOMC minutes 12/18 3 pm Consumer credit Nov. THURSDAY, JAN. 08 8:30 am Weekly jobless claims 1/4 FRIDAY, JAN. 09 8:30 am Nonfarm payrolls Dec. 190,000 203,000 8:30 am Unemployment rate Dec. 7.0% 7.0% 10 am Wholesale inventories Nov. -- 1.4% 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